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Investment Talk We're now living in a world of challenging global economy where changes take place at a rapid pace. Investment Talk offers concerned Malaysians the opportunity to express their opinion on the performance of our country's economy in various sectors -- market watch, property talk, money market and others like unit trusts, bonds, bonus, dividends etc.

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  #1  
Old 22-07-2011, 02:22 PM
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Default Free Daily Price Action Forex Trading Strategies & System from asiaforexmentor.

Price Action Forex – Why Forex Trading is Easy with Price Action?


There are many answers to why PRICE ACTION is king in forex trading.
And why price action in fact is the easiest to trade with in forex trading.
Let me give you an easy explanation with the chart above.
In the pair above: Eur Gbp
It shows the pair in an uptrend.
And if we look into the pair, we can easily spot 5 price action entries for us to ride the trend and to profit on.
Price Action Forex – Why Forex Trading is Easy with Price Action?

Price action (blue box no. 1)
It is a pin bar as well as an bullish outside bar (in combination with the bar on the left hand side)
It is a good indicator for us to take it long with a buy order.
Price action (blue box no. 2)
It is another pin bar for us to enter a buy order had we missed the first pin bar.
This is also a confirmation pin bar to tell us that the trend is indeed going up.
So off it went…
Price action (blue box no. 3)
It forms a bullish outside bar. Look at the long green bullish bar wrapping the previous smaller bar.
Another good price action bar to tell us to take it long.
And so it went further…
Price action (blue box no. 4)
Price move sideways and to form another bullish outside bar.
This bullish outside bar indicates that price is possibly going to breakup from it’s sideways trend.
And so it did.
Price action (blue box no. 5)
Price went sideways again to form another price action pin bar.
Another indicator to state that it is going to breakup from it’s sideways trend to move further up.
Price Action Forex – Why Forex Trading is Easy with Price Action?

So you see, in just a pair. We can spot so many price action bars for us to take an entry long.
The trick towards trading price action is simple.
We usually take price action bars that is together with the trend.
So in this scenario, the pair is in an uptrend.
Therefore we only take price action bars that is going up.
If you look into the chart, you will see price action bars that points down.
Those are reversal bars. And we usually skip them. (unless you have enough experience, stay away from reversal price action bars)
And you will be glad you stayed away from them as you see, most of the reversal bars did not work out.
Price Action Forex – Why Forex Trading is Easy with Price Action?

So you see, forex trading is not difficult with price action.
The power of price action, in combination with a proper forex trading system, trading psychology & money management = Consistent Profits
Check out our AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor

Last edited by Uncle-Cle : 22-07-2011 at 04:26 PM.
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Old 22-07-2011, 05:18 PM
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  #3  
Old 10-08-2011, 11:35 AM
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Default Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor

Forex vs Stocks: Why should you not trade stock?

FOREX VS STOCKS

Last week we saw a massive drop in the stock market. Dow jones drop by almost 500 points.
It was the latest biggest drop in a single day after the lehman brothers episode.
Many of my friends who were trading stocks were caught out unaware resulting in a massive dip in their portfolio.
Some of them who knew that i am a forex investor asked me if i was affected.
The answer is and always will be: No.
Forex vs Stocks: Why should you not trade stock?

That’s one of the reasons on why i choose forex over stocks.
Forex vs Stocks Reason No.1
-> Forex traders are not affected by massive news affecting the economy.
- At most, we only lose the single trade that we are in when the news happened. Which is only a small percentage of our capital (with the right money management skill)
Forex vs Stocks Reason No.2
-> Generally there is no leveraging for stock traders. (not including margin traders – which is very risky)
- The rich gets rich with leveraging and compounding.
- Whats the point of investing if there is no leveraging.
- Therefore, stocks will probably not make you very rich.
Forex vs Stocks Reason No.3
-> Forex is a 24 hr market. We forex traders usually enter a trade and are out either in the same day or 2. (depending on which time frame you trade)
- Generally, if you hold a stock. It is at least for a few months.
Forex vs Stocks Reason No.4
-> There is no shorting in the stock market. (Not including options)
- Meaning you can only buy it up/long.
And if you notice, the market usually goes up a little with a good news, but drops massively with a bad news.
Forex vs Stocks Reason No.5
-> There is no commission in the forex / currency market.
- The commission may not seem a lot for a single trade, but if you are a full time trader or one who trades a lot. This commission expense will accumulate to a relatively significant figure.
Forex vs Stocks Reason No.6
-> Instant buy/sell in the forex market.
- As the trading volume is so large in the forex market, we do not have to wait for a buyer to take up the lots we are selling (like the stock market).
- Eg. when the stock market is massively falling, you can’t sell even if you want to as there is no buyers who will buy your lot.
Forex vs Stocks: Why should you not trade stock?

The list can go on and on..
But the point i want to make is:
The reason that we invest is to make big money.
Forex vs Stocks at the end of the day are just investment vehicles.
So why choose a investment vehicle that will probably not make you very rich? and yet heavily affected by the news in the economy?
Just my 2 cents. I may be wrong.
Check out our online forex trading AFM winning Price ActionForex Course where i teach you the exact FULL Forex Day Trading Systems & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor

Last edited by Uncle-Cle : 10-08-2011 at 11:58 AM.
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  #4  
Old 17-08-2011, 12:47 PM
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Default Update Free Daily Price Action Forex Trading Strategies & System

Forex Robot – Do they work?


There are many questions about forex robot and whether do they work?
What are FOREX ROBOT?
Forex robot in fact is the automated way people choose to trade forex with.
But the question is whether do they work?
If you go research around for real forex robot reviews. You will find that most doesn’t work. Or at least over 90% of them do not work.
WHY?
Think about it, if forex robot do work. Why do banks and major institutions still need chief forex traders and forex traders?
They have all the money to develop the best forex robot, why do they still need human to trade for them?
Forex Robot – Do they work?

Then the next question would be, But those forex robot have a perfect 10 year track record.
So they should work right…
Wrong.
Here’s the fact – track records can be manipulated.
And past performance are always not an indicator for future performance.
Forex robot are develop by – DEVELOPERS.
Usually NOT Real forex traders themselves.
If the forex robot would make them so much money and have such a perfect track record.
How much do you think it is worth? At least for Millions of dollars?
But how much are those forex robot selling in the market. Less than a hundred bucks. Feasible?
Forex Robot – Do they work?

The hype in the forex market for automated forex trading WILL be always there.
Because people are always looking for ways to earn money on autopilot with just a click of the button.
Therefore there will always be new forex robot coming out every other day.
If you want to make forex trading your career, take some time and diligence to learn to trade forex.
Your future should not be relied on some automated forex robot, it will not work forever.
But once you have mastered forex trading as a skill, it will be with you for life.
And you can pass this skill on to your future generations.
Disclaimer: I’m not saying that ALL forex robot does not work, the above is just my opinion and i will not be held liable or responsible for it.
Check out our AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
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  #5  
Old 30-08-2011, 11:14 AM
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Default Update :Daily Price Action Forex Trading Strategies & System

Forex Hours – What are the Best Forex Trading Hours?

FOREX HOURS

This is one critical question that bugs most new traders.
Forex Hours: What are the Best Forex Trading Hours?
When you read several other sites, they speak of trading when the market is open etc.
So when the new york market is open, the usd pairs are more volatile.
This is not wrong. And it is indeed the fact that when a market is open, that certain pair will be more volatile.
Forex Hours – What are the Best Forex Trading Hours?

BUT!
Here’s the thing.
You do NOT need to wait for the market to open to trade that pair.
If you ask me, i do not even care to know what time the market opens or closes.
As mentioned, we as professional forex traders are like lions. Waiting patiently for a setup to occur before we pounce on it and kill it.
So if you have a day job. You probably can’t be staring at the screen for long hours.
WHICH IS GOOD!
Staring at the screen for long forex hours, WILL NOT help you enhance your forex trading or grow your account.
Instead, you will fall into the SEA OF EMOTION and find yourself struggling to stay alive.
Forex Hours – What are the Best Forex Trading Hours?

If you have a day job, just trade the daily time frame.
So check your broker’s time that the daily time frame bar closes every day.
And just spend that 10 mins of time analyzing the daily time frame.
Forex hours: SO JUST 10 mins a day is good enough.
If there is a price action trade setup, enter it.
If there isn’t. Close the screen and go forth your daily job. Come back again the next day and repeat the steps.
By just implementing this method, you will find yourself emotionally unattached and you have plenty of time to do your other stuffs.
But that does not mean you are not making good money.
There are FULL TIME PROFESSIONAL FOREX Traders who trade the daily time frame alone. (read this again)
Yea.
Forex Hours – What are the Best Forex Trading Hours?

Forex Hours
And if you are like me, who has a little more time to trade.
You can look at the 1hr time frame and the 4hr time frame.
Practically meaning, i only look at the charts every 1hr or 4hr, depending on my schedule.
So if there is a setup on the 1hr time frame, i enter on it.
But if there is no setup, i will go ahead with my other stuffs.
And then repeat the steps again.
So back to the question on Forex Hours: What are the Best Forex Trading Hours?
I hope you got an answer.
Check out our online forex trading AFM winning Forex Price Action Forex Course where i teach you the exact FULL Forex Day Trading Systems & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
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  #6  
Old 06-09-2011, 05:06 PM
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Default forex trading psychology-The main reason why forex trader fails

Forex Trading Psychology – The Main reason Why Forex Fraders Fail


Forex Trading Psychology
There are many answers in the market to this question: Why do most forex traders fail?
- Some blame it on over trading
- Some blame it on emotions
- Some blame it on revenge mentality
- Some blame it on impulse
- Some blame it on the market
- Some blame it on bad luck
- Some blame it on poor entry
- Some blame it on not taking profits
- etc etc etc
As you can see, there will be tons and tons of reasons that explains why forex traders fail.
This is all that relates to forex trading psychology.
But i strongly believe that it all leads to one answer.
MONEY
Forex Trading Psychology – The Main reason Why Forex Fraders Fail

Yes, the answer is MONEY.
The main reason why most traders fail is because of money.
No doubt that we all trade forex for the money.
But it will be the money that kills us in forex.
Forex trading psychology – Let me explain.
To us our money that we put in our forex capital is our hard earn money. Who isn’t?
when we have that mentality that we CANNOT lose the money in our capital.
And as all man are greedy. We want to multiply our capital FAST.
That’s when we lose it all.
To succeed in forex trading, we have to FORGET that there’s money involved.
You have to learn to trade not because of the money. But because you like forex trading and you are passionate about it.
You have to learn to trade right and not trade for the money.
When you trade right and forget about the money, the money will come naturally.
But when you are too focused on the money, all your emotions will trigger.
You will get into impulse trades, probably because you made a lost on the last trade and you want your money back.
Or because you look at the trade and you are so confident about it, you GAMBLED your whole account size on that trade. and to lose it all.
Or because you want to feel good and look good, and you think that you are able to double your account in a week. So you take trades that are way beyond your money management risk %.
Or you made a series of losses, and you think that if you increase your risk percentage on this particular trade, you will make back your losses.
And the list goes on…
FOREX TRADING PSYCHOLOGY – The Main reason Why Forex Fraders Fail

All the above reasons leads to the main answer. MONEY.
If we are not trading for the money, but if we just want to focus on mastering our trading and trading it right.
There will no longer be any emotions in place.
I highly recommend traders to forget about the money in forex.
Trade with your forex trading system and stick to it with discipline. Focus on trading right.
It is even better if you can cover up the money part on your forex broker screen. Ignore how much has your account size grown or how much have you lose.
When you are able to do that, you will then see the big picture and you will be more analytical on your forex trades.
So the next time someone ask you on – what is the main reason forex traders fail.
You know your answer: MONEY
This is Forex Trading Psychology at its fullest!
This is the main reason why most traders fail, At Asia Forex Mentor, we teach not only about the entire system for traders to be consistently profitable, we also focus on forex trading psychology. Check out our AFM winning Price Action Forex Course where i teach you the exact FULL Forex Trading System that i personally use.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
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  #7  
Old 13-09-2011, 05:33 PM
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Default Mastering your emotions for efficient Forex Trading.

Forex Trading Psychology – Mastering your emotions for efficient Forex Trading


A lot of people lose money in Forex Trading because they fail to master their emotions. Many books have been written on tips for better trading, but even so, no two people using the same trading methods come up with the same results. How come? Yet every trader has at some point attended a workshop, courses and mentorship programs aimed at enabling traders make more money. But despite all these, very few people succeed. The question is, why?
Forex Trading Psychology

Simple as it sounds, Forex trading psychology is a crucial aspect of successful trading. Trading psychology has to do with the emotional state of mind when trading. Most times, people fail in Forex trading because of emotions and trading anxiety that can result in uncalculated trading. The consequence normally is poor returns! To trade efficiently, you have to take charge of your emotions, eliminate any trading anxiety, be confident and ensure you avoid silly trading mistakes that can cost you money.
The moment you cannot control your emotions, irrational decision making sets in, and even though you might be an experienced trader, you lose money in situations you would have fared better. Psychology can mean the difference between profits and losses. Your state of mind is crucial in Forex Trading, as you make decisions on a sixth sense and fast.
But how do you go about controlling your mind and taking charge of successful trading for maximum profits? Here are some tips to start you off:
• You can begin by making use of stop loss and taking profit prices to reign in your trade. What this does is give you the opportunity to place the trade and halt any deals with it. The overall effect is experience, for the more you deal with a trade, the more it becomes engrained in your mind.
• Once you have placed a stop loss, walk away. Do not wait to see how the trade turns out. Most traders place a stop loss and then wait around to see what happens. It beats the whole point of stop loss in the first place. Being there means you are planning to interfere with trading midway, and you don’t want to do that. So walk away!
• Another tactic is to employ low leverages. Super high leverages may seem attractive because of the higher profits, but be careful because they carry the potential for heavy losses as well. Plus if in such a situation, the uncertainty that comes with it can lead to trading anxiety, and subsequently poor trading decisions. So keep the leverages low until such a time when you are confident you have the psychological control necessary for high leverages.
• Make use of proven methods of trading, those you are sure about. There is nothing as dangerous in trading as using a method you are not sure of. Proper and efficient trading methods help you relax and stay a bit calmer, as the uncertainty is somehow eradicated.
Whatever you do, watch out for your psychology. It works to your advantage if you can work on your mental fitness and stay in control.
Forex Trading Psychology is one of the MOST IMPORTANT thing to master when it comes to forex trading. This is something which we teach in our AFM Winning Forex Course
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
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  #8  
Old 30-09-2011, 06:41 PM
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Default How many times do you trade a week?

Forex Market Hours: How many times do you trade a week?

FOREX MARKET HOURS

Forex Market Hours: How many times do you trade a week?
This is a question that is largely asked.
Ezekiel. How many times do you trade a week? or How many times should i trade a week?
Whats your answer?
(Forex Market Hours)
My answer to them is pretty much the same -
0 to 10 times a week.
There is no definite figure and there never will be.
As mentioned before, we enter trades when a setup occur with price action confirmation.
Therefore, if there is NO setups = There is NO entry.
It can absolutely happen when there is NO setup for the entire week.
Which accounts for the 0 times a week. (But it rarely happens)
And there may be weeks when there are alot of setups (may be even more than 10)
But on average. Its between 0 to 10 times a week.
Forex Market Hours: How many times do you trade a week?

Forex Market Hours
Some of you guys may think.
That’s very little.
Yes its very little.
Would you rather have more trades with more losses OR
Would you rather have less trades with more wins?
Think about it.
The reason why we take so little trades is because we filter away alot of the low probability winning trades.
‘Most traders find reasons to enter, professional traders find reasons NOT to enter’ – Ezekiel Chew
Therefore, every trade we take. Must have a high probability of winning.
Which will eventually lead to a good growth in your account.
Forex Market Hours: How many times do you trade a week?

Forex Market Hours
Therefore, if you are trading way over than 10 trades a week.
Look at the success rates you are getting.
If you are getting a high success rate on all the trades. That’s good.
But if you are not getting a high success rate. You need to think twice about your forex trading strategy.
Are you trading the right way?
Will your trading style lead you to a consistent growth at the end of the day?
Remember – Forex trading is NOT all about taking trades.
It requires you to think about and to have a proper forex trading system, a plan.
This is a business. This is not gambling.
If you are taking trades based on gut feel. – You are a gambler.
I would recommend you to stop trading altogether. Either stop forex trading, or spend some time to learn how to trade forex the right way.
Check out our online forex trading AFM winning Forex Price Action Forex Course where i teach you the exact FULL Forex Trading Strategies | system that i personally use to be consistently profitable. (Forex Market Hours)
See you on the other side my friend,

Last edited by Uncle-Cle : 30-09-2011 at 06:53 PM.
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Old 05-10-2011, 12:04 PM
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Default Forex Breakout: Why are they so profitable?

Forex Breakout: Why are they so profitable?

FOREX BREAKOUT

Most people know what is a forex breakout strategy| forex breakout system | forex breakout trading |breakout trading forex | forex breakouts
What ever name they call it. It is the same.
Forex breakout to name it simply is that – we are seeing that price| the forex market is consolidating for a long time. And we are capturing the big move once it eventually breakout from its consolidation.
I know of alot of full time traders who only trade one pattern. It is the forex breakout strategy.
Why? The reward is great and the risk is low.
By taking just 5 forex breakout trades a month would equate to very good money.
However, if traded wrongly or picked wrongly. They would only get a spike up/down and then to make a loss as the pair didn’t break out.
Forex Breakout: Why are they so profitable?

In the chart above : Forex pair Usd Chf
We can see that the overall trend for the pair is a down trend.
And in the past few days, weeks (from start june to mid july) – It has been consolidating in a box for a long time.
When we see such setups, we know that price will eventually breakout from the consolidation into a big move up or down.
And in the scenario, it will most likely be down as the overall trend for the pair is down. ( pretty simple right )
Forex Breakout: Why are they so profitable?

How to play the the forex breakout trade:
Its simple, we will play a pending sell order (yellow dotted line) right below the low of the previous low.
And our stop loss ( pink dotted line ) will be placed above the entry, behind several bars so that we will have a good resistance if price heads back up.
Since price is making a new low. There is no previous data on how low it will come to.
Therefore, we will take our first profit off the table when the bar eventually breakout and closes. (marked by take profit 1)
And we will be trailing it for our take profit 2.
So you can see from this quick scenario of how easy it is to play a breakout trade and the risk reward is great.
If you mastered this forex breakout strategy alone, you will be making good profits in forex trading already.
But this is just one of our forex trading strategies we teach.
Check out our online forex trading AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
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Old 24-10-2011, 10:48 AM
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Default Whats your Risk percentage per trade?

Forex Risk Management – Whats your Risk % per trade?

Forex Risk Management
FOREX RISK MANAGEMENT

Whats your risk % per trade?
Or should i say, what’s your risk appetite?
To be a successful forex trader. You will need to have a proper money management system.
It starts with identifying what level of risk % per trade will you risk.
As a guide, a safe and good risk percentage will be from 1% – 3%.
Anything higher than 3% will be relatively risky.
Why is this so.
If you understand, the forex market can do anything.
Even if you are sure this is the MOST perfect setup.
It MAY NOT end up the way you expected it to be.
Why?
Forex Risk Management – Whats your Risk % per trade?

Forex Risk Management
First, you must understand that anything can happen in the forex market.
Just for example, even if it is the most perfect setup. If a major institution pumps in a large sum of money at that period of time. It can change the direction of the market for a short time frame.
And when the retail investors see the market moving in the direction stipulated by the major institution, they will then follow suit and enter the same way.
WHICH causes the movements in the market.
But of course, this doesn’t happen always.
What i’m saying is, anything can happen in the forex market.
So even if you are the best forex trader in the world. You will not have a 100% winning rate as well.
You will still lose as the market can do anything.
Which is why, it is not wise to have a high risk per trade.
Forex Risk Management – For example, if a trader risk 10% per trade.
And a series of unfortunate events happen to him, (maybe it’s a distraction, maybe there’s an earthquake etc)
As a result, he made a series of 5 losing trades.
He would have wipe of 50% +- of his trading capital because he risked 10% per trade.
And with just 50% left, it will be hard for him to make back his loss.
So if you see what i meant.
Forex Risk Management – For example, if you risk 2% per trade.
With a series of 5 losing trades. You would only lose 10%+- of your capital.
Which is not to bad.
With a good trading system, we can easily make back the money loss.
Forex Risk Management – Whats your Risk % per trade?

Forex Risk Management
But here comes the big question.
What is your risk appetite?
You see, there is absolutely no point into asking you to risk 1% per trade.
Forex Risk Management – Eg. Capital $5000
Risk of 1% = $50 per trade.
If at the back of your mind, you do feel that $50 per trade is too little.
Then you will most likely find and trade even more trades that you usually should – in order to make more money. Right?
Therefore, the correct way to set your risk % per trade varies with different individuals.
You must ask yourself.
Forex Risk Management – Eg. Will you be satisfied with
$50 per trade or
$100 per trade or
$150 per trade
based on the capital of $5000
Once you got an answer, you got your risk percentage.
Forex Risk Management – Whats your Risk % per trade?

Forex Risk Management
Remember,
1) Your risk percentage cannot be too high. As mention a good gauge is 1% – 3%.
2) Your risk percentage must meet your risk appetite. There is no point in risking 1% if you find the amount too little and does not satisfy your hunger.
So there you go.
Once you have set and decided on your risk % per trade.
STICK FIRMLY TO IT!
For example, in a series of trades. You cannot have eg. 1% on 5 trades, then 3% on 5 trades etc.
Because if you play it this way, and what if you make money on the 5 trades with 1% risked, and lose money on the 5 trades with 3% risked. (which usually happens!)
YOU WILL LOSE MONEY!
Therefore, stick firmly to the risk percentage per trade which you have set.
Eg. If you set 2% risk per trade.
From now on, every trade you take – You will risk 2% per trade.
NOTHING MORE, NOTHING LESS.
This way, you will be consistent and you are on the right track to success.
This is part 1 of the 2 series of Forex Risk Management.
Stay tuned for the 2nd part.
Check out our online forex trading AFM winning Forex Price Action Forex Course where i teach you the exact FULL Forex Trading Strategies | system that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
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