ADX Indicator in Forex Trading - Video

Today we’re going to learn about the ADX indicator or as its referred to as the average directional movement index in our metatrader platform and how we can use this tool for developing our forex trading strategy.

The average directional Index or ADX, is an indicator that is use to determine the strength of a prevailing trend. The ADX is measured on a scale from zero 100 with a series of lines that illustrate the trend, the strength of the positive direction and the strength of the currencies negative direction. These series of lines are actually three indicators all built in to want into the one ADX.

There are 2 direction movement indicators, one of them being the positive directional movement referred to as the green line in the video. The negative directional indicator in the video is the red line, between these 2 lines you can see the fight between the bulls of the bears and who is dominating that fight. When the green bull line crosses the red bear line then we see that the bulls have just taken charge of the currency pair and can be marked by the change in price movement.

An aggressive buy signal could be taken when the green line crosses the red and vice versa when the red crosses the green without taking into context the blue ADX line.

The blue ADX line is a measure of the strength of the trend for the foreign currency pair. When the ADX line is above 20 or 25 for our case in the forex trading video is an indication that currency pair is trending (we only trade during trending markets remember). We then watch the ADX line and should be in a position on that currency pair and ride that trend as it approaches and even exceeds a value of 40.

Here is when the fun kicks in. Currency pairs can remain overbought of oversold for extend periods of time which is what we always hope for (well when we are making money on a move). So what we watch for is for when the ADX line crosses the 40 line and then moves south towards the 20 line. This is our indication that the trend is over.

Make your trading easy with a proven method of forex trading that makes it easy forex.

-Mission Phoenix
Live Abundantly and Then Share That Abundance

RSI Indicator in Forex Trading - Video

RSI Indicator in Forex Trading - Video

Today we are going to learn about the RSI indicator in Forex Trading. The RSI indicator is a technical momentum indicator which is also a lagging indicator as like all the other indicators. Where does the computers I need to the recent gains to the recent losses in an attempt to determine whether of the currency pairs going to be overbought or over sold, you will see that that the RSI’s number ranges from zero to hundred.

It is deemed to be overbought once he RSI approaches the 70 level and it tends to be overvalued at that level becomes a good candidate for a pullback that. It may correct when it reaches that level, but not necessarily, always remember that it is on a relative basis, and likewise as the RSI approaches 30 is an indication that this currency is undervalued, on a relative basis. Always remember that when using lagging indicators in forex trading everything is on relative terms, meaning that yes the currency is overvalued at the current time (much like the U.S. housing market is some locations), but that doesn’t mean that it won’t continue heading in the same direction. If it was easy, everyone would be rich right!?

The best way that I like to use RSI is rather than looking to see whether it's relatively overbought or oversold is to take divergence into account. Divergence in currency trading is the most powerful trading tool, but most people don't like to use divergence.

Another great way to get these oscillators is to just draw trend. What direction is it heading in? Is there a breakdown out from a triangle? Is there a trend that you can see clearly? Look for times when there is a momentum shift, or a reversal in the indicator. Does the indicator reverse when the currency pair runs out of steam? This may be a big indication that the preceding trend is over and the currency pair may reverse.

The RSI indicator has gained popularity here in recent times however it is never an indicator that should be used by it self. The RSI indicator should always be used with other tools in making entry position decisions with your forex trading strategy.


-Mission Phoenix
Live Abundantly and Then Share That Abundance.

Forex Trading | Stochastics |

This Forex Trading Lesson is on Stochastics and how it is used in the 4x.

The stochastics is a funny indicator, many forex traders feel that it is good for nothing and that you cannot trade using the stochastics. This is not true. The stochastics indicator is a good indicator but with all indicators you have to know how to use them. The secret to using the stochastic in forex trading is that you must use the stochastic on a longer term time frame. If a trader were to use the stochastics alone on the daily time frame and have enough patience and self dicipline, that trader would surely become very wealthy.

Currency trading is just like any other trading or day trading. When you lean how to trade the forex it all just seams to click. The only difference with the forex market is due to the highly leveraged nature of the currency market. This highly leveraged market plays horrible games with our emotions.

With the right currency charts, the right forex trading eduction, you can build a great forex strategy that will prove out to yield massive wealth over time. Remember this is never a get rich quick type of deal. It takes hard work, consistency, and a clear mind.

Get started today with your Forex Day Trading System, make it easy forex with Mission Phoenix.

Live Abundantly and Then Share That Abundance,

-Mission

FX Trading Videos | 422 PIPS PROFIT | Trading Is Not Always Roses

FX VIDEOS 422 PIPS PROFIT TRADING IS NOT ALWAYS ROSES

Forex Training Forex Trading

In this Forex Trading blog post where I show another Free Forex Video we look at some live trades showing you some real proof that with the right education and the right method anyone can master the Fore Market. We will show that MISSION PHOENIX has got 422 pips of profit, and this method is so easy anyone can do it. However it is critical that one must know how the markets behave to ensure protection.

I can not stress enough that a trader needs forex education in order to succeed in currency trading. Why is it is so critical? We will see in these next videos MISSION talking about closing trades that are very successful trades all because of a specific candle formation or because of specific things that are happening in the currency pair, and on the charts.
─ How does MISSION PHOENIX know these things?
─ How does MISSION PHOENIX know that the current price movements are over?
─ How does MISSION PHOENIX know to either close the trade all together or should to move stop losses to lock in profits?

MISSION PHOENIX knows these things because:
─ Of extensive knowledge of how the markets behave,

• I don’t have a crystal ball
• I have just learned how to listen to the foreign language of financial charts, It is a great symphony that once you learn how to really “hear” the music you can really enjoy living to it.

─ Only using those things that work

• I found the secret to forex trading. What it all boils down to is that all people make trading too hard.
• This is EXCELLENT because anyone can now learn how to trade currencies in the 4x markets in a very short time
• Only 5% of all traders know this secret, and they aren’t telling. I’m actually going to make a lot of people mad by sharing this.
  o I’m going to make even more people mad because the brokers out there and everyone else don’t want you to master the market because they want to keep taking your money.

─ having years of trading experience.

• Now I know you may not have years of trading experience and that you want to get up to speed and start trading like a pro as soon as tomorrow.
• Anyone may tell you that this is impossible - Well YOU CAN!
• How you are going to do that is by finding a mentor and a teacher that can teach you all of the things that they know and not hold anything back (or at least hold back only those things that do not work).
• What this does is takes off the years of learning the markets (the way I had to do it), and supercharges your learning curve so that you don’t have to make the same mistakes that many have.
• This drops years off of your trading dues. Your dues that you have to pay to the all powerful trading gods that unleash fury on new traders

Just a little investment in the beginning can save you tens of thousands of dollars gaining you trading knowledge. So with some patience and some time investment and the appropriate education you can have that account balance soaring in no time.

All of this training was not around when I started and now that I have been trading successfully I see that the training out there is not sufficient enough, that is not up to my standards of what people should be learning.

Why are my standards higher? Well friends and family are wanting to start doing what I do and I can not find anyone out there who I trust to send them too. So I’ve taken this into my own hands. So I’m developing the means to give them my training, an elite training that will help them. There is only one of me though and I hope that my posts are coming fast enough for you guys. Along with my philanthropy, blogging, developing my training courses, and trading for myself, that leaves little time.

I am also committed to helping others and that drives a lot of fulfillment in my life so I volunteer a lot of my time to making a difference in other people’s lives as well. Since that is very important to me and a core value of mine that I do not want to sacrifice I also have to find time for that as well.

So back to trading. In this video I will talk about take profit orders for the first time. I don’t use them that often because I used to and found that they limited my profit potential. Here is what happens:

─ You get in at the start of a good trend and you put in a take profit order for 250 pips profit and it’s hit!

─ WHOOO HOOO, great job 250% profit

─ Then as you feel really good about yourself you go on trading

• Here is where many people meet their fx trading challenges
• Many people pick the wrong times to get in on other pairs and suffer minor losses but now they still have 75 pips of that 250 left
• Then they go to check out that old chart to only find that if they would have stayed in they would have >700 pips profit.
• Ugh! Right!? If you would have only stayed in then you wouldn’t have had those small losses and on and on and on.

─ This is the real life of trading!!!! No one will tell you this and they will hide it in their systems that they tell you about

─ They also will not tell you that it’s never perfect, I was being very generous with the above example. Usually traders loose all of their profits plus some when they move on and try to trade other things.

Those systems out there give you the signals and they look good on paper but look at the time frame that they are on and ask yourself some questions about what trading style that is.

─ Are you at your charts for those periods of time?

─ By the time you would have gotten to your charts could you have entered a position in enough time to make a profitable trade?

─ What about the exit signal

• Are you checking your charts are that time?
• By the time you would have gotten to your charts would it still be a profit?

─ How about the trading style?

• Do you have to sit at your charts looking for these trading opportunities for hours upon hours?
• Does your wife, family, or friends complain that you work all day and then you sit at your charts all night?

─ Those systems look all great on paper, but in real life they stink

─ Really evaluate them and try to apply real life to the trades, you will find that most of the time you will lose and lose big when they are claiming great profits

So Lets Set The Record Straight

You will watch:
─ MISSION PHOENIX get into trades late
─ MISSION PHOENIX get out of trades late
─ MISSION PHOENIX be very imperfect
─ MISSION PHOENIX make mistakes on a daily basis
─ MISSION PHOENIX win big in the forex currency trading market.

How can I win so big with such a lazy proven system?
─ Because I’m a “little” lazy and I HATE to loose.
─ I sought out my method and my education and tailored it specifically for me

• Guess what; I have found that there are a whole bunch of people out there just like me.

This works for anyone and when I started talking with some of my trader friends I found that I was making just as much as them or blowing them out of the water.

In this video we are going to see some more trades that I’m in, 5 of them if I remember correctly. MISSION PHOENIX will also show you that as traders we sometime see some losses during the trade. Does that mean that we close the trade for a loss? No it doesn’t! Not unless there is something telling you that you should close the trade (how do you know if something is telling you, because you use your education and know that the market is telling you that there is nothing wrong and to not close what is going to be a winning position, or it could tell you the opposite and alert you to get out).

In these trades We have 500+ pips profit and we will see that We have an open trade with 99+ pips loss for a total 422 pips profit in trades in 1.5 days!

Now we might stay in these trades for days or weeks? Depends, we will see, but my hunch says “NO” (Really It’s Not a Hunch, I Don’t Have Hunches, there is something telling me that these trends are close to over) and we will look at that in the video as well. I am preconditioned on these trades to jump ship at any sign of things not working out.

Why? Well we will talk about trading mentality versus the specific situation at hand and how we know things could reverse on us for a substantial correction at any time.

This is very important in trading and the key to much success and failure. Just this post alone is worth so much, and you will never get this teaching in a seminar, I’ve taken most of them and the stuff they don’t want you to know, what I’m sharing right here in this blog is what makes and keeps profits, and there is even more that I want to share with you.

We will see how emotionless I am during these trades and with profits and losses:
─ How I am able to do this?
─ What protection mechanism am I using?
─ What is it that has been kept a secret from you?

This is really cool stuff guys. Let me know what you think, feel free to leave comments on the blog below. I read all comments.

Let me know what issues you have in keeping those profits that they do not teach you how to protect, and we’ll see about getting that worked out for you.

I hope you enjoy the video; it is long at 29:12 in length.

-Mission
Live abundantly and then share that abundance.

Forex Training Forex Trading

Video is 29:12 in length

Forex Training 102 - FOREX BROKERS! -- PART 3

Forex Training 102 - FOREX BROKERS! Who do I give my money to? Whose advice and training do I trust? -- PART 3

Let’s talk about brokers in the Forex industry as a whole as part of your premiere free forex training.

THIS IS A VERY IMPORTANT POST. PLEASE READ FOR YOUR PROTECTION!!!

From Part 2 we have a sense of how to determine what kind of broker we are dealing with.

There is another very important topic I want to cover and that is concerning training. I have been doing Technical Analysis for over six years now and know quite a bit about trading in all markets. I have invested thousands of dollars in my trading education and have receive a very good one. I feel that the difficulty of the material…these secrets are not worth paying thousands for, however the few that are teaching the secrets are controlling the price because they know people with pay it or they won’t invest and that is fine with them.

The next thing I want to cover is all of this FOREX TRAINING that is out there. Have you noticed that all the free training out there is BROKER DRIVEN? This is clearly evident when you go to the site that is offering the free training and there is nothing but advertisements about brokers among everything else. Something that you as a consumer must know is that you are entering a new world. That world is the currency exchange world. This world is entirely online and is a global world, a world that is deregulated, a world that is making more money that any other industry. So then you tell me, “Well Mission, I want to be a part of that world!” There are two money making aspects of the forex world. One is clearly by the traders who reap in huge profits in this industry (by the way, only 5% of forex traders are these guys), the other money making aspect of the forex world is on the brokers side, the side we cannot get a hold of unless we are the one’s scamming people out the their money and getting paid by the brokers (that’s just not my style). So excluding those big traders (the banks and very select few), we are talking about small traders, you and me. The guys who trade with less than hundreds of millions of dollars. There are a lot of us out there, and we are hungry to be in this market. Statistics in the forex market shows that most people loose money in the forex markets and the brokers are banking on this. So what happens? To continue making profits the brokers have to lure more people into this market. How do they do that, by offering more incentives, some like free training? They also boast no commissions; the commissions are just built into the trades with the spread (well go over this later). This also ties into PART 2 of the previous post, can you see how the bad brokers can take advantage of all of this.

An interesting fact to know is that brokers are paying massive dollars for marketing, pay per click advertising for the forex industry is some of the highest paid. These guys are making so much money and most forex traders that I know are loosing money. The money is going somewhere, with some careful attention you can see that the brokers are ending up with it.

The brokers can care less if you loose all of your account or not, they would actually like you to slowly loose your account balance because then they would make more money. This wild world of forex trading can be very easy if you have the right education, but what kind of education do you get from the brokers. Honestly it is very basic, and had been available online fore free more many years. You have to be very careful with your brokers. Chose a broker that is not concentrating on training, and get your training elsewhere, chose your broker by Part 1 & Part 2 of the FOREX Trading 102 posts. There is training available out there that is relatively cheap. I say cheap because remember in the forex you can make 100% profit on 1 trade which I will show you in a video soon. So let’s say you invested $500, there are training programs out there that will pay for themselves in 1 or 2 trades.

It is critical that you get educated before investing money in the forex market. It is critical that you practice in a demo account before you invest any hard earned money. I cannot give you all my secrets here, but a can give you a lot of them. Most of all I want to educate you enough that you can make informed decisions about brokers and also about trading. I want to keep you from making the same mistakes that many people are still recovering from.

I don’t mean for these first few post to scare you out of the forex marker, it is highly rewarding and fulfilling. There is just some work that we must do before we blindly jump into the market.

Hang with me and I’ll be showing some cool stuff coming up in the future. Some real life trades!

Live abundantly and share that abundance with others!

Forex Training | Forex Trading

Forex Training Trading 102 - FOREX BROKERS! Who do I give my money to? Whose advice and training do I trust? -- PART 2

Forex Training Trading 102 - FOREX BROKERS! Who do I give my money to? Whose advice and training do I trust? -- PART 2

Let’s talk about brokers in the Forex industry as a whole as part of your premiere free forex training.

THIS IS A VERY IMPORTANT POST. PLEASE READ FOR YOUR PROTECTION!!!

In the last post I left you at the Swap Test for brokers and how to determine what level of integrity the broker has.

Test 2 is the ECN test. This is going to take some explaining so I’m going to first teach you about the different orders system and how 1 is corrupt and the other is legitimate (in my eyes at least).

Simple Definition:

ECN = Electronic Communication Network – An electron system that brings buyers and sellers together for the electronic execution of orders / trades.

Order House/Market Maker = A broker that takes orders and may not necessarily place that order on the ECN to complete the trade. The broker may find 2 people within the firm that match up and complete the order that way.

You have to call up the broker and ask them what their structure is and how they place their orders. They should tell you (without thinking about it), that the orders go straight onto the ECN for execution and they do not handle any executions of orders, they just submit them via automated computer means.

The other type of broker could hold your order and bet on you loosing you money. So they will show you (virtually via the data stream) that you order went through, they hold the order in their “safe keeping,” betting you you loosing money (since most people do in the forex – because they don’t invest in their forex trading education). So you loose some money, but really that order never went to the market, the broker just kept it the entire time. This may not seam like a problem at first but what happens when you invest in your education and you end up making huge gains time and time again? Well since they didn’t put that order on the market, they will be responsible for taking money out of their account putting it in yours, which they will not like very much.

This type of broker may also have the ability to manipulate the data stream, so lets say you have a trade in place with pretty substantial stop loss (your protection point – a stop loss liquidates your trade at a price that you set that if it breaks you know the trade was wrong, protecting you from massive losses). If the bad broker has flagged your account as being a big winner and a risk to them, they will look at your stop loss and can manipulate the data engage your stop loss, after several of these they will have all of their money back.

Another question to ask them is if you place a trade with them can you see the trade go through on the level II (level two) data? If they say yes, ask what name it will appear as. If they cannot provide the name, beware, if they say no, beware. No I have not told you what this is yet, and it’s a little more than this post can handle. I am considering making a video to better illustrate this point.

This is a good breaking point for today….

To be continued……

Live abundantly and share that abundance with others!

Forex Training | Forex Trading

Forex Trading 101 - What is a PIP? How does Leverage Work?

Forex Trading 101 - What is a PIP? How does Leverage Work?

When I am doing Forex Training one of the most frequent questions that I get asked when first talking to
people about forex trading is "What is a PIP?"

Pip stands for Percentage Increment Point

Since currency trading is buying one currency against another there are no shares to purchase. What you purchase is that actual currency. When you trade currency exchanges you are entering a position in that exchange, so you are positioning yourself on the side of one currency versus they other.



Lets talk in terms of the Euro and the USD. If I have information that is telling me that the USD is declining in value then I may want to buy a currency that is versus the USD. So we could buy the EUR vs. USD or (EUR/USD). As the USD falls the difference in the value between the EUR & USD gets larger. Well how do we define that? Money vs. Money. Money/Money=% right, if 5 apples out of 10 apples were bad (the difference between some being good and some being bad) well how do we define that 5 apples/10 apples = .50 or 50% are bad. So this would be a type of Percentage Increment Point or PIP, in this case it is 50 PIPS (because I only
gave you to 2 decimal places).

Lets say we are keeping track of the EUR/USD and for hypothetical reasons we are going to say that on Jan 1st 2008 it took $1.0000 EUR = $1.0000 USD. So if we looked at the charts we would see the price on that chart as 1.0000.

Well then we check that chart again on Jan 5th 2008 (great day in the year) we see that the chart price has changed to $1.0050. This means that now $1.0000 EUR = $1.0050 USD, it takes more USD to equal EUR, also meaning that the value of the USD fell by $0.0050, or a half of a cent.

Since I gave you the amount in 4 decimal places we are going to call that change 50 pips. Here are some more examples of this:

Change = PIPS
$.0001 = 1 PIP
$.0005 = 5 PIPS
$.0060 = 60 PIPS
$.0700 = 700 PIPS

So know you understand how a pip works. How does that translate to profit?

Well lets take out example of a change in the EUR/USD of $.0050

If I took $1000 and purchased Euros on Jan 1st 2008, and then sold those Euros for Dollars on Jan 5th 2008, I would have made a WHOPPING $5.00 because of the difference $1005 ($1,000 * $.0050 = $5).

Why then is there a FOREX craze going on? (and it's just getting started)

Well here is were the FOREX market comes alive. Ohh MY IT'S ALIVE!!!

This Beasts name is LEVERAGE. It is much like having your very own BIG FOOT (some say fictitious man-like beast roaming the forests with incredible strength). While having BIG FOOT as a friend is nice because you don't need a jack to change a car tire, no one would ever pick on you again, you might even get into some really cool clubs. While all of that is very cool, it sure does hurt when the dumb oaf steps on your foot, takes out walls in your house, destroys your neighbor's car, damages public property. He's a REAL Liability to have around!!!

So unless you have a shock collar to train Big Foot you better be very careful with him! Same goes with leverage, I actually recommend getting a shock collar and wearing while trading, shock yourself right before you place a trade just so that you are reminded that LEVERAGE can be VERY BAD. Please don't put a shock collar on yourself, I was only kidding.

So how can leverage be good and bad. Leverage works like this, it is a loan. Very hard concept, right?

Well in the stock market you can get leverage of 2:1 or 4:1 but really no higher. That means that if I used my $1000, when I placed the trade they actually placed the trade for $4000 (considering 4:1 leverage).

The FOREX market offers much higher leverage, brokers offer varying amounts from 50:1, 100:1, 200:1, and some 400:1. The most common is 100:1 leverage.

Wait one jiffy minute here, do you mean to tell me that if I had $1000 and I was able to trade with 100:1 leverage that would mean that I would be actually trading with $100,000. Why YES that is exactly what I mean!

So now you see that that with that same $1000 and that same Jan 1st - Jan 5th trade with 50 PIPS gain would go from $5 with no leverage to 100 X $5 = $500 and your new balance would be $1500.

This is what drives this new FOREX craze. That is a 50% gain in just a few days. So when we talk about PIPs we loosely associate that to percent gain. Most of the major pairs (currency pairs) pay 1% per PIP with leverage, others are slightly less but that is a whole different conversation and we will save that one for later.

So how is leverage bad? The previous case also hold true if your information was wrong and instead of buying the Euro you bought the US Dollar, that would have yielded a -50 PIP return and now your $1000 would be only $500, ouch!

Earlier I mentioned the information telling me what I need to do. That is what I am here for, I'm going to be showing you the secrets of the systems. Those things that have been kept secret from the many I am going share with you, mainly because this is really easy and I feel guilty
for not telling people how to make their lives better.

There are huge profit potentials in the Forex Market, and I myself have made huge profits, it is not unlikely to make 100, 200, or even 300 PIP profits in 1 day. Just today there was a 485 PIP move in the GBP/JPY (Great British Pound vs Japanese Yen) in 11 hrs.

Stay tuned! I will be showing you some really cool things to come, I will even be uploading some videos showing you examples of some really great gains and how you protect yourself with stop losses. Some of the things I will be showing will be worth THOUSANDS of dollars.

Add me as a friend, get in touch with me, tell me what you want to learn in this industry and I will do my best to getting to everyone's questions and posting the secrets pertaining to those questions.

Please subscribe to my Feeds and that will alert you as to when I have posted something new. It does save time.

If you are dying to start in the forex market and you cannot wait for me to teach you stuff please get some eduction in the forex market before putting any real money in it. A good start to Forex Trading can be found here: Forex Training | Forex Trading

Have fun, and live intentionally!

I am Mission, and I have been given a charge, a quest so to speak from a higher calling to
help all of those that want to learn.

Welcome to the Ultimate Forex Trading Blog

We are going to have a lot of fun here, so hold on to your shorts!!!

Videos and great demonstrations are soon to come introducing you to the great forex trading markets and showing you real live profiting trades that produce astounding rates of return.


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