Compare Foreign Currency Deals – Best Foreign Currency (Forex) Trend Tools and How to Trade With Them

Compare Foreign Currency Deals

The trend is your friend. Nothing ever said about currency trading is more true, more powerful, and more profitable than this statement! But what is the trend and how can we define it? The trend is simply if a currency is going up or down but to me as a trader i’m more interested in what it is likely to do in the immediate future! Compare Foreign Currency Deals

So I define trend in this manner. Anybody can look at a chart and see it going up, ie uptrend, or see it going down, ie downtrend. But as traders we must anticipate if the currency will continue going up or is more likely to reverse and go down. And when looking at a down moving currency the exact opposite, is it likely to continue going down or is it more likely to reverse and go up?

So how do you anticipate future trend directions?

As a full time trader with over 10 years experience myself and my business partner created two unique trend tools that are not available anyplace other than the software we created for our own trading. While we do sell this software for $2,000 we also give it away free and if you like what I have to say about what it is and how to profit from it click on the links at the bottom.

We measure trend in 2 distinct ways!

Market breadth – our fx power index tool analyzes every currency and shows you what percentage of them are going up/down and gives you a percentage strength/weakness. For example the Eur/USD ie Euro dollar which is the most popular currency. We look at the euro against the British pound. Is it going up or down against the pound? If its going up the euro is strong, if down weak. We do this same comparison using our advanced statistical tools against every other pair. So for example lets assume the euro is going up against every currency, the pound, the Canadian dollar, the us dollar, the Japanese yen, Australian dollar, New Zealand dollar, Swiss franc, etc.

For the euro dollar to go up the euro has to be strong and the us dollar has to be weak or weaker. So we do the same comparison against the us dollar but when the GDP/USD is going up that means the USD is weak but when GDP/USD going down it means the USD is strong. So we’re looking for the us dollar to be weak against the same above currencies.

Instead of you having to watch many charts to try to figure this out our software does millions of calculations, does the analysis and then simply gives you a % percentage green (strong) or red (weak) reading. You get this both on your charts, on your hotlist which sorts the strongest to weakest pairs and automatically links them to charts but also we have made this even more intuitive and easy to find the best currencies to trade. We plot the statistical strength/weakness on the candles! There are 11 different shades of green, darker is stronger and lighter green is less strong. Same thing for weakness where dark red is super weak and light red is slightly weak!

Now this is only half of what we do to help you make money trading!

Trends can go up/down slowly, at a moderate pace or explode up or down. Compare Foreign Currency Deals

So we have another tool called the fx multimap which shows you the intensity of the trends. This is a proprietary tool that shows you the statistical strength/weakness intensity of the currencies. We also compare every currency to every other one and measure statistically how strong/weak each is.

Readings are typically from 0 to 50. 0 to 10 is a small trend, 20 is moderate and usually continues and 30-50 is intense and very likely to continue. Ok, so I know what your tools do, how do I make money from them? This is the easiest part as we’ve done 95% of the work, finding the currencies most likely to continue going up in the future and most likely to continue going down in the future allowing you to find and place trades.

First, let me be 100% honest with you. You will have losing trades. It’s a part of trading! To think there is a holy grail out there that never loses is moronic. That being said the key to making money trading is having small losses, lots of break evens, and to have some big winners.

Our methods tend to work 60% of the time overall. Some days they are 80%+ winning and other days 40% winning but here’s the cool part, when we’re right we find explosive moves of 30, 50, and even 100 to 150 pips! The losses are from 5 to 12 pips.

So even if you are wrong 6 times out of 10. Say on your losing trades you lose 5, 7, 10, 12, 10, and 12 pips. That’s 6 losses which equals 56 pips. Now on the 4 winning trades you have a small 12 pip win, 15 pip, 30 pip and 50 pip. That is 107 pips!

So even though you were right only 40% of the time you made 107-56 = 51 pip profit! So here’s how you find the exact places to buy/sell using our trend tools.

When our software finds super strong currencies going up you wait for a tiny 10 to 20 pip counter trend move down, draw a trend line over the highs of the down move and as soon as price goes back above the trendline you buy! You place your stop 5 to 12 pips away from entry right under that last swing low. Our exit methods are just as simple and we teach them in our free forex classes that all our new traders get for a week after opening a brokerage account. It’s hard to explain those without pictures of our charts but we use support/resistance for exits, fibonacci profit targets, chandelier trailing stops and also trendlines. Many of these trends explode in your favor and you will often find 30-100 pip moves.

For trading weak currencies do the exact opposite. Wait for a 10 to 20 pip counter trend move up and draw trendline under the lows of the up move and get in as soon as price breaks this trendline. Compare Foreign Currency Deals