Suppose you are trading these two pairs and a very strong trend develops on USD/JPY pair which makes 1500 pips in 1 month. But since you are not trading this pair, you simply miss this opportunity. Or perhaps NZDUSD pair starts trending but since you never bothered to check this pair, you miss this opportunity as well. So sticking with just 2-3 pairs and trading them through thick and thin will make you miss a  lot of great opportunities on the other pairs in the market. Some of these opportunities might be so lucrative that knowing them afterwards can make you curse yourself for having not taken the trouble to check those pairs.

Another thing that can help you a lot in increasing the odds of your winning is to find on the the different timeframes certain chart patters that tell about trend continuation or trend reversal with a high degree of probability. These chart patterns are often used by pro traders in their trading decisions. Spotting these chart patterns on the different timeframes can increase your odds of winning dramatically. So what are those chart patterns that you need to master if you want to succeed as a trader? The most common chart patterns are:

• Double Top and the Double Bottom
• Head and Shoulders and the Inverse Head and Shoulders
• Rising and Falling Wedges
• Bullish and Bearish Rectangles
• Triangles (symmetrical, ascending and descending)

You can read more about these common charts patterns on this Babypips article. These were the most common chart patterns. There are other chart patterns as well. Want to trade the Gartley Pattern? You can read this DailyFX article on how to trade with this Gartley Pattern. Now as a new trader, it is very difficult to correctly identify these chart patterns on the different timeframes. Even pro traders make mistakes when correctly identifying these chart patterns. After reading these two articles, you will realize how difficult it can become practically to identify these patterns on the different pairs and on different timeframes. So how to solve this problem. Use a good chart identification software. Yes! There are some good chart pattern recognizer software that  can help you in your trading.

FX Trendy is a web based application that has been developed by the pro traders for the pro traders. Did you read the 33 page PDF on Understanding Market Trends And  Patterns? It is a good PDF and it was written by these guys. What these guys have done is, they have solved the problem of finding the best pair and the timeframe to trade for others traders. They hired a professional programmer and developed this FX Trendy web based application.

What this FX Trendy application does is scan 34 currency pairs on different timeframes and then identify the best pair and the best timeframe for trading. This application shows the live charts of best trending pairs and timeframes. It also automatically recognizes the chart patterns like triangle, flags, wedges and trendlines on 34 different pairs and all timeframes. All timeframes mean from minute to monthly. What this means is that there are 9 timeframes for each currency pair for scanning. So this application infact scans 34X9=306 charts. Can you do it yourself? Not humanely possible. But this web based application can do it for you. Since there is nothing to download (this is a web based application),  you can use any trading platform whether it is MT4, NinjaTrader, TradeStation or whatever is your favorite.

Trade in the direction of the trend if you want to increase your odds of winning. And don’t stick with just 1-2 pairs, use this FX Trendy App and find the best pair and the best timeframe to trade from 34 different currency pairs that even includes exotic pairs like USDNOK, USDSGD or USDHKD. Once this app has identified the best pair and the best timeframe, you can then use your own trading system for making the entry and the exit decisions. Now you might be wondering what is the price of this app. The price is just $37 per 3 months. Yes you just need to pay only $37 after every 3 months inorder to keep using this FX Trendy APP. Reduce the hard work from your trading. Trade smart with this FX Trendy APP.

These 71 forex trading products include:

1.  Introduction To Forex Trading Pro System Course
2.Hot Video #2 – Downloading and Installing MT4
3. Hot Video #3 – MT4 Quickstart Tutorial
4.Hot Video #4 – Template and Profile Basics #1
5. Hot Video #5 – Template and Profile Basics #2
6. Hot Video #6 – File Menu Tutorial
7. Hot Video #7 – View Menu Tutorial
8. Hot Video #8 – Insert Menu Tutorial
9.Hot Video #9 – Charts Tutorial
10. Hot Video #10 – Tools Menu Tutorial
11. Hot Video #11 – Introduction To Risk Control
12. Hot Video #12 – Live Trading Example: 1
13.Hot Video #13 -Live Trading Example: 2
14. Hot Video #14 -Live Trading Example: 3 (Breakout)
15. Hot Video #15 -Live Trading Example: 4 (Profiles)
16. Hot Video #16 -Live Trading Example: 5 (Short EURusd)
17. Hot Video #17 -Live Trading Example: 6 (Short EURusd)
18. Hot Video #18 – Installing Indicators & Expert Advisors
19. Hot Video #19 – Forex Correlation Trading
20. Hot Video #20 – Support and Resistance
21. Hot Video #21 – F.T.P.S – Conclusion
22. Expert Advisor #1 – AUDJPY Wednesday
23. Expert Advisor #2 – Adjustable MA 3G
24. Expert Advisor #3 – Framework CCI
25. Expert Advisor #4 – Phoenix
26. Expert Advisor #5 – Otkat EA
27. Expert Advisor #6 – MACD Sample (Optimized)
28. Expert Advisor #7 – AdjustableMA
29. Expert Advisor #8 – Artificial Intellegence BOT
30. Expert Advisor #9 – ATR Trailer
31. Expert Advisor #10 – SpikeTrader USD/CAD
32. Expert Advisor #11 – myFXOverEasy
33. Expert Advisor #12 – myPickyBreakout
34. Expert Advisor #13 – MACD Pattern (H4 Optimized)
35. Expert Advisor #14 – Binario [LONG TERM 4 Trade p/yr]
36. Expert Advisor #15 – Amazing NewsBreakout
37.Forex Indicator #1 – 3rd Generation Moving Average
38. Forex Indicator #2 – Aroon Up & Down
39. Forex Indicator #3 – BB MACD
40. Forex Indicator #4 – Beginner
41. Forex Indicator #5 – BMA
42. Forex Indicator #6 – CCI Arrows
43. Forex Indicator #7 – Coppock
44. Forex Indicator #8 – Detrended Price Oscillator
45. Forex Indicator #9 – Dots (MT4 and MT5)
46. Forex Indicator #10 – Easy Trend Visualizer
47. Forex Indicator #11 – Fisher [HOT HOT!!]
48. Forex Indicator #12 – Float (MT4 and MT5)
49. Forex Indicator #13 – Laguerre
50. Forex Indicator #14 – Market Profile
51. Forex Indicator #15 – Moving Average Candlesticks
52. Forex Indicator #16 – Murrey Math Line X
53. Forex Indicator #17 – Pattern Recognition Master
54. Forex Indicator #18 – Pinbar Detector
55. Forex Indicator #19 – Position Size Calculator
56. Forex Indicator #20 – Price Alert [USEFUL!]
57. Forex Indicator #21 – QQE
58. Forex Indicator #22 – Range Expansion Index
59. Forex Indicator #23 – RSIOMA
60. Forex Indicator #24 – Schaff Trend Cycle
61. Forex Indicator #25 – Spread Indicator
62. Forex Indicator #26 – Support and Resistance
63. Forex Indicator #27 – Total Power
64. Forex Indicator #28 – Trade Assistant
65. Forex Indicator #29 – Trade Break out
66. Forex Indicator #30 – Traders Dynamic Index
67. Forex Indicator #31 – TRO MultiPair
68. Forex Indicator #32 – TzPivots
69. Forex Indicator #33 – USDX
70. Forex Indicator #34 – Var Mov Avg
71. Forex Indicator #35 – Zig Zag on Parabolic

When you receive the email alert from the BOFS team, simply open your broker platform and enter the trade. After that is is set and forget. If you are on the go, you can use your mobile phone or the iPhone to receive the email and place the trade.

The price of Binary Options Forex Signal Service is very reasonable and is only $27/month. Plus there is a 60 days of no questions asked money back guarantee. This is what you should do! Test these signals on your demo account for one month. Incase your broker does not allow the demo account, paper trade with these signals for one month. After one month, check the performance and make your final decision. If the performance is not good, get a refund. And incase you like the performance, simply start trading live with these Binary Options Forex Signals.

These arrows appear on the open of a bar so that you can enter into a trade immediately after the bar opens. Now this is something important. These arrows do not disappear and repaint when the screen is refreshed as it is the case with most other indicators. Below is another screenshot of this Clear FX Signals System in action this time in a downtrend giving short trades.

This indicator can be adjusted to give you popup alerts and buy/sell sound alerts. As said above this system can be used on any timeframe from 5 minute, 15 minute, 30 minutes, 1 hour to 4 hours. When you download this system, you will also get a 45 page manual with detailed instructions, examples, input settings and much more. You can test the Clear FX Signals Indicator and Forex System on your demo account RISK FREE for 60 days. During these 60 days, you will get a clear idea of whether this system works or not. If this system doesn’t work, simply get a refund.

Forex Black Book has been programmed with the same trend following proprietary strategy that Dustin Pass had used as a multi million dollar hedge fund manager. Now you can download this Forex Black Book for FREE. Of course this is a FREE trial offer that will last just for a few weeks. In these few weeks, there will be a couple of Forex Black Book training webinars that you can attend and learn how to use this software.

During these training webinars, you will also be able to put any questions that you have about this Forex Black Book software directly to Dustin Pass, the developer. After the trial period is over, you will have to pay for this software if you want to continue using it. So don’t miss this few weeks of FREE trial offer and test this Forex Black Book software rigorously on your demo account and also don’t miss attending the Forex Black Book training webinars as well.

As you can see in the above screenshot, the developer made 220 pips from one short trade. Below is another screenshot of this FX Pips Multiplier System in action!

In this screenshot as you can see the developer made 240 pips from a EUR/USD long trade. When you download this FX Pips Multiplier System, you will also download the templates for the above two systems. There is also an illustrated trading guide that explains the two systems in detail with live trading examples. The developer is also giving 60 days of money back guarantee so that you can test drive this FX Pips Multiplier System on the demo account and see if it works or not as claimed. After one month of testing on the demo account, you can make the decision whether you want to keep this FX Pips Multiplier System or simply ask for a refund.

Now, this Wave Trend System is a perfect meaning it is not 100% accurate. No trading system can be 100% accurate keeping in view the volatile nature of the markets. However, the developers of this WaveTrend Forex System claim that their system gives very few false signals. This trend trading system has been developed based on the strategies used by the hedge funds and the big banks. This system comes with detailed tutorial that explain how to catch the big moves in the market without spending hours in front of your computer screen. Below is another screenshot of this system in action. This time trading USD/JPY pair!

When you download this WaveTrend System, you will get the following 3 custom indicators that will help you in catching the big moves in the market.

Wave Signal: This indicator will send you an email alert when there is a BUY/SELL opportunity.

Wave Trend: This custom indicator will smooth the overall trend and filter out false signals so that you can view the overall trend in the market and avoid making the mistake of trading against a strong trend.

Wave Strength: This custom indicator will show the strength of the trend. You can use this custom indicator to make the entry and the exit decisions.

Combining these 3 custom indicators will give you a powerful system to catch the big moves in the market. Plus as said above when you download the WaveTrend Forex Trend Trading System, you will also be given a detailed training manual so that you understand how to catch the big trends.

As you can see a divergence pattern appeared on 1st November. This divergence pattern is being confirmed by the Three Outside Down candlestick pattern meaning a downtrend is about to start. Three Outside Down is a strong downtrend signal which is being reinforced by a bearish divergence pattern. Both these signals are confirming each other meaning we have a high probability trade setup infront of us that we should plan to take. You don’t have to do anything. The candlestick pattern recognition software will inform you when a divergence pattern appears as well when a candlestick pattern appears.

Now we are not going to enter into a trade yet. We will be using the two EMAs as a filter that will further confirm that the trend is indeed down. As you can see the two moving averages did indeed cross each other. 8 EMA (red) crossed below the 34 EMA (yellow) on 2nd November. This is the time to enter into a trade around the price 1.6100. Now you just stay in the trade as long as the 8 EMA (red) is below the 34 EMA (yellow).

On 19th November, 8 EMA (red) crossed 34 EMA (yellow again). You got out around 1.5900 making a profit of 200 pips. How much time did you take to monitor the trade during these 19 days, not more than 10-15 minutes each day. You made 200 pips and you did not need more than 10 minutes daily to check whether the trend was still down or not. This is called Low Maintenance Trading.

As I have said above the candlestick pattern combined with the divergence pattern were pretty strong that a downtrend is in place. This was further confirmed by the two EMAs crossing each other. If you were trading with a deposit of $1000, you could have opened a trade with a lot size of 0.4. The margin requirement would have been around $175 so you could have easily opened this position. Trading 0.4 lot and making 200 pips translates into a profit of $800. Now if you had $10K in your account, you could have traded with 4 lots and made $8K in 19 days.

Now this is what I do. I do not open one single position. I break the lot into four small lots. So here I traded with four 0.1 lots. First 0.1 lot I entered when the divergence pattern and the candlestick pattern appeared with the stop loss placed 5 pips above the high of the candlestick pattern. I opened the second position with 0.1 lot again when the MACD signal line crossed the histogram in the down direction which is again a strong signal that the downtrend is in place. The third position was opened when the price moved down 50 pips from the second position and the fourth position was opened when the two EMAs crossed each other. You can use your own entry strategy as well. But I have found that scaling in works very well as it helps in reducing the risk drastically. Now if you are a beginner, you should start trading live with only $200. First practice on the demo account for one month then open a live account with a deposit of $200.

Now after getting out of the short trade, I had started looking for a long trade as said above. As you can see from the above screenshot, the two EMAs crossed each other on 19th November. I waited for sometime to confirm that the trend was indeed up and entered into a long trade around 1.5890 with a lot size of 0.6. Place the stop loss around 1.5870. Since I had made 200 pips in the short trade, I can now increase the lot size to 0.6 lot. I once again scaled in around the above price and exited around 1.6100 on 3rd December making 200 pips again. So if the account equity was $1000, the total profit would have been $800+$1200=$2000. So you can see you made 200% return in around a period of 1 month with just 2 trades.

Now this is another filter that I use that tells me that the trend will stay in place. I just take a look at the daily timeframe and check the stochastic oscillator. The arrow shows the fast stochastic and the slow stochastic crossing down. So as long as both the fast and the slow stochastic are moving down, it means that the trend will be down. Instead of waiting for the two EMAs to cross each other, you should get out when the two Stochastic lines cross each other and start moving up which means that the trend has changed direction. Now when the stochastic on the daily timeframe starts moving up it means an uptrend has started. Look for another divergence pattern appearing which should be bullish this time and make a long entry accordingly.

In the same manner, as long as both the slow and the fast stochastic are moving up, it means the trend is up. Every month, you will get at least two trade signals with this system. Just check the stochastic every day on the daily timeframe. When the stochastic is in the overbought region expect a breakout in the down direction and when the stochastic is in the oversold condition expect a breakout in the up direction. Once you find the stochastic in the overbought or the oversold condition switch to the H4 timeframe as shown above and check for divergence. I hope this post is going to help you a lot in your trading.

A Word Of Caution: Every month, you will get 2-4 signals with this system on one single pair.  You will get plenty of time to plan the trade. After you spot the above trade setup, you will have around 24 hours to plan the trade. So, don’t rush! Plan well! This is the key to your longterm success. Only enter when the two EMAs cross each other. Stay in the trade as long as the two EMAs don’t cross. When the two EMAs cross again, get out. Always use a stop loss. Practice this strategy on the demo account for two months first!

If you are a new trader, it is always a good idea to trade side by side with a professional trader. This will help you in confirming your own analysis plus you will avoid being caught by a market surprise. Sometimes, it will happen a downtrend suddenly turning into an uptrend or an uptrend suddenly turning into a downtrend pretty quickly out of expectation. This will often happen when there is a sudden announcement by the ECB President or the FED Chairman or the JCB President. Trading side by side a professional trader will help you keep abreast of these sudden developments as you will be informed well in time and you can get out of a trade to avoid unexpected market volatility. Forex Mentor PRO is a good service run by two professional trader that you can try. Another signal service that I have found to be good is the Traders Elite.

The above system can be used to trade any currency pair. Using signals from a pro trading team will help you in locating currency pairs that are ready to trend! Once you have the signal, you can use your own analysis like above to plan your trade. It becomes very difficult and time consuming as well as tiring to analyze different currency pairs. Using a good signal service can help you in locating profitable opportunities on other currencies pairs that you might overlook. You can open trades on 2-4 currency pairs at the same time with the above system. Once a trade goes into profit and you have moved the stop loss into breakeven with one currency pair, you can open a second trade on another currency pair if there is a good opportunity. But practically it will become difficult to manage more than 3 trades at one time.

Trading Binary Options With The Above System: Every Monday, you can check whether there is a high probability trade setup using the above system. If you find one, you can buy a put or a call depending on the market direction with expiry on Friday. Once you enter into the trade, it is set and forget. So do your analysis well before you enter into a binary options trade. Once you have made the analysis, enter into a trade. Each week, you can make an extra 70-80% return as well. Please feel free to ask any question below!

Opportunity is there but the risk is also there. This risk can be as huge as the opportunity if try to go alone. This FX Currency Control Step by Step Guide can help in understanding how to manage risk while you trade currencies. You will also get 2 week Forex Trade Alerts FREE trial that includes expert commentary by Forex Joe. Forex Joe has a track record of making 1000+ pips per month since January 2012. With this service you have the potential to make the same solid results. Why most traders fail is because they don’t have a daily trading plan. With Forex Trade Plan Alerts, this is done for you. Just login each evening, read the alerts and trade accordingly.

You will essentially have the opportunity to look over the shoulders of Forex Joe and see exactly what he is trading. You will get the trade specific information that includes exact entry, take profit levels and longer term analysis of your trades.

Forex Trendy Software Scans 24 Currency Pairs In All Timeframes

Forex Trendy Software can keep you away from those currency pairs that are going through uncertain market periods and instead picks the best trending currency pair at the current time. This software does not use any indicators, it only uses the price action to determine the best trending pair. This is how Forex Trendy works. This software scans 24 currency pairs from 1 minute to monthly timeframe every second and tells you which is the best trending pair at the current time. Scanning 24 currency pairs from 1 minute to 1 months means scanning 306 charts. Running this software on your computer might take a lot of time. This is why this software runs on powerful servers on the end of the developers so that you get instant results online .

This is not all. This software also is going to inform you if there is any important chart formation like the trendlines, triangles, wedges and flags. For example, AUDUSD pair is showing a triangle formation on the 1 hour chart. This software is going to send you an alert that the price just broke down from the triangle formation on the AUDUSD 1 hour chart.

Don’t know much about these important chart formations. Download the Forex Trendy FREE PDF and go through it. This PDF explains all these important chart patterns in simple and easy terms. You can also try this Forex Trendy APP RISK FREE for 60 days on your trading platform whether it is MT4, TradeStation or NinjaTrader.