TASAYC System

May 27, 2009
CCI Divergence Trading - A Simple System You Can Use

Today I want to share with you a very simple trading system that is based entirely on CCI divergence. CCI is a pretty useful indicator in itself but it's even more effective when you trade divergence patterns.
In trading circles divergence is basically where the price makes new highs but the indicator in question, ie the CCI in this case, fails to make new highs. Similarly in a downward trend the price is making new lows but the indicator is failing to make new lows.
These divergence patterns indicate that a reversal is about to take place because the trend is starting to run out of momentum, and they are generally very strong signals.
So getting back to the CCI divergence trading system, I recommend you plot the price chart along with two CCI indicators - the CCI (10) and CCI (60). You may like to try other settings but I find these work extremely well.
Then you want to wait for a divergence pattern to emerge on BOTH of these indicators. You can use just one indicator but I recommend using both of them if you want to identify the very best signals.
To give you an example there was an excellent set-up on the GBP/USD pair yesterday morning (on the 15 minute chart). You can see from the chart below that although the price didn't actually trade lower, it did form a perfect double bottom formation (indicated by the grey vertical line), and yet when it did so both the CCI indicators failed to make new lows, which was a very positive sign that a reversal was about to take place, and which turned out to be correct in this case.

http://theforexarticles.com/wp-conte...potmay27_1.png

As with all trading systems this simple CCI divergence system isn't foolproof but it can provide you with some excellent signals on occasions.

http://theforexarticles.com/2009/05/...m-you-can-use/

Complex trading system #8 (CCI Divergence Breakout)

Submitted by User on April 9, 2009 - 15:01.
This strategy is actually one of my favorite divergence strategies and takes little practice to expert it.
Warm Regards,
Navin Prithyani.

Timeframe : 15mins and above
Indicator : CCI (Commodity Channel Index)
Strategy By : Navin Prithyani www.urbanforex.com

Description : This strategy uses hidden divergence and price action to take a breakout trade. Divergence is the one key indication in the market that can be useful and is not lagging. It is a sign of a market reversal coming up in the near future. Understanding and making use of divergence will help a technical trader greatly when analyzing the market.

http://forex-strategies-revealed.com...ebreakouts.png

Note : On my CCI, I always connect my peaks (tops) never the bottoms (dips). It is critical that you watch the video tutorial below with this strategy to understand it fully.

Long Breakout
- Price must be trending downwards
- CCI must go towards the upward direction and bounce
- After a bounce on the CCI, connect your high peaks on your price
- Aggressive : At a clear close above the trend line enter long
- Conservative : After the trend line is broken, wait for a pullback to the trend line to enter

Short Breakout
- Price must be trending upwards
- CCI must go towards the downward direction and bounce
- After a bounce on the CCI, connect your dips on your price
- Aggressive : At a clear close below the trend line enter short
- Conservative : After the trend line is broken, wait for a pullback to the trend line to enter

Stops
- If your trend line is not that steep, you can keep your stops at the high/low of the breakout candle.
- If your trend line is steep, keep your stop at the swing high/low
- If your trend line is medium steep, keep your stop at the low of couple candles away Exits
- 1:1 Risk to reward. If your stop is -12 pips your limit should be +12 pips.
- Open 2 lots. If your stop is at -10 pips, once your trades goes in your favor and you're at +10 pips, close 1 lot and let the other one run.

Exit at Support and Resistance levels.
- Exit at the nearest 50 or 00 level. These are psychological levels. (make sure your exit is at least the same number of pips as your stop, otherwise dont enter the trade)
- Trailing Stop. Once in a trade, at the close of each candle, place your stop 1 pip below the low (if in a buy trade). Vise versa for sell trade.

Short Example :
http://forex-strategies-revealed.com...breakout2s.png

Long Example :
http://forex-strategies-revealed.com...breakout3s.png



http://forex-strategies-revealed.com...gence-breakout

CCI Divergence

Forex trading system "CCI Divergence Trading"
Added: 2010-09-14 10:46:27 by Dexter
http://www.free-forex-systems.com/up...10007/logo.gif

Trading system based on divergence trading method
Divergence is a useful tool for finding price reversal points from support and resistance zones. It usually gives us a relatively early signals compared to those given by moving average indicators. It can be successfully applied to many technical indicators and end up with good results.
This system makes use of two indicators. The first one is the Divergence indicator that will plot the divergence lines and the second one is the Bollinger Band. The Divergence indicator gives buy/sell signal according to the type of divergence that was detected. The indicator also is capable of drawing divergence lines for the whole history prices located within a specific chart.

Details
Categories: Technical, Day Trading, Metatrader Only, Divergence
Timeframes: 5 Minutes
Currency pairs: ANY
Trading sessions: US Session (New York), European Session (London)

Indicators used

 

1. Divergence
   Fast Ema: 12
   Slow Ema: 26
   Singal Ema: 9
   Download Indicator

1. Bollinger Band
   Period: 20
   Deviation: 2

Entry rules
The entry rule is based on two indicators, namely the Divergence Indicator and the Bollinger Band. When the price is below the Bollinger band and the divergence indicator show an up arrow, we will open a buy trade. Vice versa, when the price is above the Bollinger band and the divergence indicator show a down arrow, we will open a sell trade as shown in the example below.

http://www.free-forex-systems.com/up...7/chart_01.gif

Trade management
Once entered the market, we will need to set the Stop Loss to 20 pips and we close the trade in profit when the price touches the middle line of the Bollinger band.

Exit rules
The trade will exit once the price touches the middle line of the Bollinger band. As you can see in the picture below, we close the sell trade when the price touches the middle line of the Bollinger band as shown below.

http://www.free-forex-systems.com/up...7/chart_02.gif

Advantages
Divergence is a useful tool that can gives us a relatively early signals compared to those given by moving average indicators. Combined with Bollinger Band, it can give up good results.

Disadvantages
We need to follow the rules and wait patiently for the divergence and the Bollinger band to give us the signal.

http://www.free-forex-systems.com/fo...rgence-Trading

Online-Handel mit grossen Preisunterschieden

Assetinum hat die Gebühren von 16 Online-Brokern im Rahmen des bisher umfassendsten Schweizer Online-Trading-Vergleichs inklusive aller Kosten unter die Lupe genommen. Die Preisunterschiede sind enorm: Die teuersten Anbieter sind achtmal so teuer wie die günstigsten Discount-Broker.

Online-Broker bieten Anlegern, die ihr Glück selbst in die Hand nehmen wollen, eine vielfältige Spielwiese. Hier können nicht nur professionelle Händler, sondern auch Privatanleger mit einem geringeren Budget auf eigene Faust Wertschriften handeln.

Intransparenter Tarifdschungel
Doch der Tarifdschungel ist selbst für Profis schwierig zu durchschauen. Die Gebühren können je nach gehandeltem Finanzprodukt sowie der Höhe und der Anzahl Transaktionen von Anbieter zu Anbieter variieren. Hinzu kommen eidgenössische Umsatzabgaben und eine Reihe von unterschiedlichen Pauschaltarifen, Rabattierungen und Depotgebühren. Externe Kosten wie Börsengebühren wurden Assetinum häufig erst auf Nachfrage kommuniziert und konnten selbst von vielen Banken erst nach mehrmaligem Korrigieren richtig angegeben werden.

Wenig- und Vieltrader im Vergleich
Um Ordnung ins Kostenchaos zu bringen, hat Assetinum die Gesamtkosten von 16 Online-Handelsplattformen in der Schweiz anhand von zwei idealtypischen Kunden verglichen. Trading-Kunde A führt als «Wenigtrader» vier Aktien-Transaktionen im Jahr durch und verfügt über ein Depot von 50'000 Franken mit Schweizer Aktien, Obligationen und Indexfonds. Trading-Kunde B verfügt als «Vieltrader» über ein grösseres Depot von 500'000 Franken, darunter Schweizer, amerikanische und europäische Aktien, Indexfonds, Obligationen sowie Gold-ETFs und realisiert 30 Käufe und Verkäufe im Jahr.

Saxo Bank, Keytrade Bank, Swissquote und PostFinance auf dem Podest
Der Vergleich von Assetinum zeigt, dass die Saxo Bank für beide Kundenkategorien am günstigsten ist. Ohne Handelsaktivität und einem Barsaldo unter 25'000 Franken wird bei der Saxo Bank allerdings eine Kontogebühr von 100 Franken pro Halbjahr fällig. In der Kategorie Wenigtrader holt sich die Keytrade Bank die Silbermedaille knapp vor PostFinance. Für Vieltrader ist ebenfalls Keytrade der zweitgünstigste Anbieter; Bronze geht in dieser Kategorie an Swissquote mit einem Vieltrader-Pauschaltarif.

Grosse Kostenunterschiede
Die Gebührenunterschiede sind erstaunlich gross: Universalbanken wie die Bank Coop, UBS oder Credit Suisse sind massiv teurer als «spezialisierte» Online-Broker. So ist die Credit Suisse für den untersuchten Wenigtrader mehr als sechsmal so teuer wie die Saxo Bank, für den Vieltrader sogar fast achtmal so teuer – das ist eine Differenz von mehr als 13'000 Franken pro Jahr, wie der Assetinum-Vergleich zeigt. Der Online-Handel bei der Credit Suisse ist denn auch bloss «Teil eines umfassenden Beratungs- und Dienstleistungspakets» und könne deshalb nicht mit reinen Online-Brokern verglichen werden, teilt die Grossbank mit. Ähnlich argumentieren andere Universalbanken mit hohen Online-Handelsgebühren.

Preis nicht einziges Kriterium
Tatsächlich sind spezialisierte Online-Broker zwar im Durchschnitt deutlich günstiger als Universalbanken, bieten allerdings in der Regel keine Anlageberatung an und sind deshalb nur fortgeschrittenen Anlegern zu empfehlen. Für die Wahl eines Online-Brokers ist demnach nicht nur der Preis ausschlaggebend. Gerade für erfahrene Trader sind neben dem Preis überdies Faktoren wie Abwicklungsgeschwindigkeit, Realtime-Kurse, Nutzerfreundlichkeit, Produktvielfalt und Börsenzugänge entscheidend.

Unterschiedliche Börsentools
Auch Börsentools können für Anleger hilfreich sein: Der Marktführer Swissquote zum Beispiel verfügt über eine reichhaltige Palette an Hilfsinstrumenten inklusive Online-Vermögensverwaltungs-Tool. Wer mit dem Smartphone aktiv handeln möchte, kann dies mit den Mobile-Applikationen von Swissquote, Keytrade Bank oder Saxo Bank tun. Auf jeden Fall sollte der Anleger vor der Wahl des geeigneten Online-Brokers die Dienstleistungsangebote genau studieren. Dafür offeriert die Mehrheit der Online-Broker kostenlose Demoversionen zum Ausprobieren.

Weitere Informationen:
Ausführliche Resultate: Spezialisierte Online-Broker
Ausführliche Resultate: Universalbanken mit Online-Trading-Dienstleistungen
Download alle Resultate im PDF-Format
Die günstigsten Anbieter: Saxo Bank, Keytrade Bank, Swissquote und PostFinance
Kosten im Online-Trading
Genaue Angaben zur Methodik

http://www.assetinum.com/de/online-trading.html

Online-Broker-Vergleich 2011: Die Günstigsten

Im Rahmen des Online-Broker-Vergleichs von Assetinum haben sich vier Institute als günstigste Schweizer Online-Händler für die beiden Kategorien «Wenigtrader» und «Vieltrader» ausgezeichnet.

Kunde A, Kategorie «Wenigtrader», Depot von total 50'000 Franken, 4 Transaktionen pro Jahr

Platz 1: Saxo Bank
Trading-Kosten: 106.00 Franken
Depot-Kosten: Keine
Gesamtkosten: 106.00 Franken
Zu beachten: Es entsteht eine Kontoführungsgebühr von 100 Franken pro Halbjahr, falls nicht gehandelt wird und das Barsaldo kleiner als 25'000 Franken ist.

Platz 2: Keytrade Bank
Trading-Kosten: 133.80 Franken
Depot-Kosten: 43.20 Franken
Gesamtkosten: 177.00 Franken

Platz 3: PostFinance
Trading-Kosten: 178.00 Franken
Depot-Kosten: Keine
Gesamtkosten: 178.00 Franken

Kunde B, Kategorie «Vieltrader», Depot von total 500'000 Franken, 30 Transaktionen pro Jahr

Platz 1: Saxo Bank
Trading-Kosten: 1989.60 Franken
Depot-Kosten: Keine
Gesamtkosten: 1989.60 Franken

Platz 2: Keytrade Bank
Trading-Kosten: 2702.40 Franken
Depot-Kosten: 108.00 Franken
Gesamtkosten: 2810.40 Franken

Platz 3: Swissquote
Trading-Kosten: 3173.20 Franken
Depot-Kosten: 108.00 Franken
Gesamtkosten: 3281.20 Franken

Ausführliche Resultate: Online-Broker
Ausführliche Resultate: Universalbanken mit Online-Trading-Dienstleistungen
Download alle Resultate im PDF-Format

http://www.assetinum.com/de/online-t...te-broker.html

Forex.Broker Vergleich
Link:
Forex Vergleich: Die besten FX Broker 2011 im Vergleich
http://www.forexvergleich.org/vergleich-forex-broker/

Forex Broker Vergleich
http://www.forex-n-broker.de/

Forex Forum-Broker Deutsch Englisch Russisch Vergleichanalyse 27.03.2011

Choosing a Forex Broker

How to Choose a Forex Broker

By John Russell, About.com Guide

Choosing a forex broker can be daunting task. They all seem to sound so good when you read their sales pages, but how do you know which ones are worth your money?
Initial Deposit

You should look for a forex broker that has a low initial deposit. It is not a matter of the amount you should start trading with, but if a broker wants many thousands just for you to open an account, it is questionable. The ideal initial deposit requirements should be $300 to $500 or less. Regulation

The forex market is an unregulated market meaning there is no central exchange. However, forex brokers themselves are regulated. In the US they should be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission(CTFC) and a member of the National Futures Association(NFA). You can verify a broker’s status with the NFA on the NFA web site. If you do not find the broker you are interested in listed with the NFA, look for another broker that is listed and has a clean record. Customer Service

Forex trading hours vary depending on what currencies you are most interested in trading. With that in mind, it is important to find a broker with 24 hour customer service. The forex markets can be wild at times. If you had a question about order execution or a closed order, you should be able to get your question answered no matter what time it is. A good test of a forex broker’s customer service ability is to contact the support desk and ask some questions by phone. Keep notes on how responsive they are to your questions and what attitude they have about answering them. Remember, you are trusting these people with your money. You need to feel absolutely comfortable that all your needs will be addressed.
Currency Pairs

Find a broker that offers the currency pairs that you are most interested in trading, or at least a good variety to choose from. Currency pairs tend to have different breathing patterns and you want to have a good menu of selections. Software

A professional and easy to use trading platform is a must. You would not want to be struggling with the features of the trading platform while trying to make a trade. Any reputable forex broker will offer the ability to trade on a demo account. The demo software operates the same way as the live trading platform. This will give you a chance to fully test out the trading platform without the pressure of using real money. Reputation

Always check the reputation of a forex broker. One way is to do a google search with the name of the broker plus the word “complaints”. Check around and get opinions from traders on forex message boards. Spend a fair amount of time doing your research. This is an important relationship. You will want to be absolutely comfortable with the broker that you decide on. The important thing to remember is that you will have to do some homework here. It is imperative that you are not lazy about it. Don’t be sucked in by a glossy sales page with extraordinary claims. Investigate! Use a demo account. Take some time to shop around. In the end, you will be happy that you did.

Suggested Reading

 

1. Getting Started
2. Using a Demo Account
3. Making Your First Trade

Related Articles

 

1. Forex Trading - Articles
2. What is Forex Trading - An Introduction to Forex Trading
3. Forex News - Forex News Trading
4. Get Started with Forex Trading - How to Get Started with Forex Trading
5. Preparation for Trading in the Forex Market

http://forextrading.about.com/od/get...rex_broker.htm

Test Your Forex Broker with a Demo Account

By: Yohay Elam, dated January 15th, 2010 I’ve received a letter from a reader asking me to help him chose between two forex brokers. Before getting into the details, I asked him if he had tested those brokers with a forex demo account. I was surprised that he didn’t even consider it. This is very important: you should always test a broker with a demo account.
About two months ago, I wrote about this issue in a post titled Forex Demo Account – A Must for Every Broker.

A forex demo account enables you to get to know the broker’s software before putting real money in. Who would want to lose money just because he missed an important button? Who would want to throw cash stupidly?

My opinion regarding this method of testing hasn’t changed. It even got stronger.
Three weeks ago, new regulations have been imposed on forex traders that work with American brokers. With the new First In First Out (FIFO) rules by the National Futures Association (NFA), forex software now includes new restraints that are supposed to prevent the possibility of hedging. Some brokers have fully adapted to the new rules, some promised that they bypassed them elegantly while others just send you to their foreign subsidiaries. These new NFA regulations are confusing. Here’s a post about dos and don’ts regarding the new NFA rules.

Forex trading takes time to learn, and is complicated enough before these new rules. When adding this new level of complexity (at least for American brokers), it’s very important to take the time and test your new broker before putting in real money.

Other relevant articles you may like

 

1. When Should You Switch from a Forex Demo Account to a Live Account?
2. Forex Trading Is Not a Game
3. Forex: Big Day Especially for Cable Traders
4. Forex: Mini-NFP in the U.S. and Critical Employment Numbers in New Zealand
5. Forex: FOMC Rate Decision and World Economic Forums to Move the Markets
6. Forex Trading and the Recovery

http://www.investorguide.com/article...-demo-account/

Top 10 Tips For Choosing Reliable Forex Trade Brokers
June 29, 2011 By Terry Ladouceur

Recently, more and more people are looking towards trading as a form of investment as well as a form of business. Forex Trading or Currency trading is fast becoming one of the most popular forms of investment trading today.
And with minimum start up capital required, the barriers to entry are fairly low and this has made it easier for the man in the street to start trading the Forex market.
However, unless you are a bank or large financial institution, you will require the services of a broker to be able to trade currencies.
Luckily, with an increase in the demand for FX Trading, there is a corresponding increase in the number of Forex brokers in the market.
However, with so many brokers to choose from, the problem facing most potential Forex traders is not how to trade but how to select a reliable broker to begin trading with.
Unfortunately, not all brokers in the market are the same. You will need to find a suitable broker that caters to your specific needs as a trader.
And from experience, this could be prove to be the tricky part as not all brokers offer the same services or have the same charges and policies. Slight differences in charges such as the pip spread will have a large impact on your profits' bottom line.
Seriously, if you wish to make a living as a Forex trader, you need to focus on the markets and not have to worry about questionable brokers. Therefore, choosing a reliable Forex currency trading broker should be one of the top priorities you need to do before you even start trading.
There are actually several factors that make a foreign exchange broker a good one, and here's my top 10 tips for choosing good currency trading brokers.

1. Reputation
Reputation is important in this business as there are quite a number of "fly-by-night" operations out there in the market. Basically, the rule of thumb is to stick with the more established Forex currency trading brokers who have a good track record.
An important factor to note is that all of their business dealings must be verifiable. Do they have a legitimate office with many satisfied customers? Have they been in business for many years or did they just pop up overnight?
You can find out a great deal of information from unbiased review websites that talk about their experiences with brokers. If someone got ripped off before, you should probably steer clear.
Dependable brokers should be transparent in their dealings and operations. Relevant information about how they function must be readily available online so that potential traders can easily find out more about their reputation as well as performance.

2. Regulations
No matter which country you live in, always choose a Forex broker that is conducting business in a country where their activities are monitored by a regulatory authority. A reliable Forex broker must be regulated and accountable to the relevant authorities.
For example, the Swiss banking system is one of the most tightly-run ships in the world regulated by the Swiss Federal Department Of Finance, while US Forex trade brokers should be official members of the National Futures Association (NFA) and registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC).
In other words, they must adhere and conform to industry rules and regulations. The last thing you want is some unregulated broker in the middle of nowhere holding onto your money. If they go under, good luck ever getting your money back.
If a broker is not regulated by any monetary authority, it might be better to select another broker instead.

3. Differences In Pip Spread
Unlike stock brokers, currency trading brokers don't charge a fee or commission, instead they make their commission from the difference in the pip spread of the currency pair when you trade.
Unlike other financial markets, the currency market is not traded through a central exchange, the value of this spread is thus determined by the broker you are using instead.
Most Forex brokers publish live or delayed prices on their websites so that traders can compare spread differences and some brokers even offer a variable pip spread.
At first glance, the concept of a variable spread may appear tempting because of the volatility of the Forex Market. When the market is quiet, the spread is relatively small, but when the market really heats up, the spread difference might just widen large enough to wipe out your profits.
Unfortunately, many brokers out there are referred to as "bucket shops". They don't have your best interest in mind and some have been known to change the spreads around to their advantage.
The bottom line here is still to look for FX brokers with fixed and low pip spreads regardless of how the market moves.

4. Speed Of Execution
In my book, this is something most novice traders seldom notice when they sign up for a trading account.
Most brokers do publish live prices on their trading platform but the question here is how fast are they able to execute the order once you click the "Buy" or "Sell" button.
Speed of execution of the order is imperative especially if you are a scalper trading the 5 minute charts, can't possibly sit around waiting another 5 minutes just for the order to confirm right?
Luckily, the best solution to this problem is to open a demo account with the broker and given them a test drive. This will allow you to test trial their trading platform's speed of execution.

5. Minimum Trading Account Size
Nowadays, broker leverages are getting higher and higher to cater for the small retail trader who have limited capital but wants a piece of the Forex action.

Top 10 Forex Broker-Top 10 Tips For Choosing Reliable Forex Trade Brokers

Micro and Nano accounts are available but most brokers offer the 2 standard types of trading account sizes, namely the Standard and Mini account.
There key difference between a Standard and Mini account is that a Standard account trades in 100,000 units, while a mini account trades only a tenth of that size, or 10,000 units per lot.
In other words the mini account deals in one tenth the size of the regular account. This allows you to risk a tenth of what you would be risking in the regular account.

6. Margin & Leverage
Margin accounts constitutes the basis framework of Forex trading, so make sure you are fully aware the broker's margin terms before rushing to open a live trading account, the last thing you want to hear is a margin call from your broker.
Make sure you are fully aware of how your broker calculates the margin requirements and does it change according to the currency pair traded? Is it fixed or variable at different times of the day or week?
Do take note that some brokers offer different margin requirements for Standard and Mini accounts, so beware.
And when it comes to leverage, most traders are familiar with the 1:100 ratio, but are did you know that some currency trading brokers today even offer leverages of up to 1:400.
A word of caution if you are a novice trader, don't use too much leverage as this is one of the key reasons so many newbie traders get wiped out so fast. Remember, the key to winning the Forex game is to compound small and consistent profits.

7. Rollover Rates
Rollover rates are charges that are incurred when traders move their positions to the following trading day.
If you are a scalper or a day trader, this rate might not affect your trading account but if you are a swing trader or a long term trader, this seemingly small figure might sometimes snowball if you are not aware.
That is why it is important to find out the minimum margin requirements to earn on an over-night position? Is it a mere 0.5% or a staggering 2%, go do the math.

8. Trading Platform
A good trading platform should not only show real live prices that allows traders to "Buy" or "Sell", but also a host of other features like charting and technical analysis tools.
Some platforms even offer more advanced functions like trailing stops, mobile trading and even the use of automated trading softwares called expert advisers.
Most brokers will have their own proprietary trading platform but many are using the Metatrader 4 platform as it is a fairly easy to use system that can cater to all levels of traders ranging from novices to experts.
In my book, the type of trading platform used can either make trading the Forex market a breeze or a real hassle, so make sure you get a feel of the platform by signing up for a demo account.

9. Technical Support
Typically, the type of support comes in the form of telephony or email support, and even "Live Chat" in some cases.
Since the Forex market is a global 24 hours market, likewise the corresponding support provided by the broker should be 24 hours around the clock as well.
Remember, it might be 3pm in the afternoon for you, but it could also be 3am in the morning for another trader across the globe, so ensure that there will be someone from the broker's office to pick up the call if something goes wrong.
A essential aspect of support that must be high-lited is the ability to close an "open" position over the telephone in the unfortunate event that your PC stalls or the internet connection fails, beware, anything can happen if Murphy's Law kicks in.

10. Additional Value Added Services
Most of the better Forex trade brokers offer great value added services in terms of free webinars, technical tools, e-books, articles and even daily market analysis and updates from their own panel of in house consultants.
This might just come in handy if you are the type of trader who trades fundamentals.
Well, that's my 2 cents worth when it comes to finding reliable Forex trade brokers, hope it provides you sufficient information for a good head start in all your Forex trading ventures.

http://beforexbroker.com/top-10-forex-broker

How to Choose a Forex Broker

With so many different choices out there, how does a Forex "newbie" pick a broker? Chances are most new traders have no idea on where to start - and that's okay! We're here to help! We have put together a simple three step process to help you find a broker that YOU think will best suit YOUR needs. You might be thinking now, "Three steps? That's it?" Yesssiirrrr!
In the first step, you will go through some of the main questions you need ask yourself when reviewing different brokers. Then you will take a look at different brokers and their available features. We have put together a comparison guide by taking some of the most frequently asked questions across the internet, and surveyed some of the most frequently asked about brokers out there, so that you don't have to.
With this guide, you can narrow your choices down and take the final step of talking with different brokers and demo trading on different platforms. Simple, right? Let's begin...

Step 1: Do your research

Before comparing brokers, do you know what to look for? No? Well, here are a few of the main questions you should ask yourself:

 

1. Is this broker registered with any regulating authorities? Check to see if your broker of choice is registered with the National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC) if they're based in the US. If the broker is based in the United Kingdom, check with the Financial Service Authority (FSA). If the broker isn't registered with any of these or any other recognized regulating firm, then you may want to think twice before signing up with them.
2. Dealing Desk or Non-Dealing Desk broker? Does the broker offer fixed or non-fixed spreads? How wide are the spreads? These questions are more significant to those traders who like to take quick profits on a few pips. Large and/or variable spreads can cut into the profits of this type of trading strategy.
3. How much or how little leverage will a broker give you? We highly recommend you review "Leverage the Killer"before deciding on how much leverage would be suitable for your trading style. The phrase, "Less is More," can save every newbie
4. Of course, you’re not going to start trading with real money right away, right? Well, when you do having a winning strategy and you are ready to trade live; knowing how much risk capital you have to start with makes a big difference. If you have $2000 or less to start with then you probably want to start trading "micro" lots. Not every broker has this feature.
5. Does this broker credit or debit daily rollover interest? Some brokers either do both, deduct interest, or neither. This information is important to traders who hold positions overnight.
6. Does this broker over premium services such as charting, news feeds, and market commentary? How important are premium services to my trading?

Step 2: Compare brokers

Let's not beat around the bush, now you need go to Broker Comparison Guide.

Step 3: Open demo accounts and ask questions.

Pick at least two brokers that fits most of your criteria and open up demo accounts. Trade in different market environments. Learn all the different features of each trading platform. If you have questions, don't be afraid to ask. Many brokers have excellent customer service support and would be happy to answer your questions.
Most demo trading platforms are very similar to their live counterparts, but not exactly the same. There may be a difference in speed of execution, slippage, and platform reliability (most of the time live accounts are more reliable than demo accounts). When you do have your strategy down and you are ready to move to a live account, start off small, test the waters, and see if this particular broker will suit your trading needs.

Read more: http://www.babypips.com/tools/forex-...#ixzz1eGGgehKA

ECN Forex

Company Profile

ECN Forex is a member of the National Futures Association (NFA ID 0350540) and is register by the Australian Securities and Investments Commission（ASIC ID127631145）. ECN upholds the highest standards, business practices and is subject to strict financial requirements and reporting.
High integrity

Credit is the base of establishing relations with our clients. We are trying our best to maintain an open and transparent way to communicate with our clients based on mutural respect, fairness, specialty and integrity. We pick our employees strickly and through all-round tests including the test of specialty, moral and working attitude, etc. Any behaviors that break the regulations will be punished.

As one of registered trading company, ECN abide the standards and business practices of the regulating departments, and provide financial requirements and reporting to the regulating departments periodically, subject to the checking conducted by those regulating departments at any time. ECN also maintain a good record without claim or arbitration, and it is considered by the regulating institutions and all the investors as the most trustful trading company.

FxComparison objective is to rank forex brokers based on votes from all type of traders individuals or institutions. Please if you have or you had a live trading account with one of these brokers,
please rate it. Our rating schedule is as follow. From 1 to 10. 10 is excellent Please email us your rating with your good or bad experience as well. We are looking forward to hearing from youbased on the daily emails that we received from our visitors we rank the brokers, based on the the clients experineces with each broker.

http://www.fxcomparison.com/brokers/.../ecnforex.html
www.fxcomparison.com

Thanks for the articles FC.

Enjoyed the reading this Sunday AM.

Carl

Most overrated?
Before the currency market will open the doors I take a look at different currency pairs and at different time-frames over week-end and make up my mind at which time frames could be a probability to make a real profit in this week - exclusively by using the CCI Indicator for a first spacial orientation by following its rhythm of the visual waves,....and there is also a fact of the Pivotal Points, see the examples below, please.
GBPUSD, H1, 2011 November 20, #137
AUDCAD, M30, 2011 November 20, #137

2011 November 21. - 25.
Preferred Time Frames & - Currency Pairs:

See #136

Examples:
GBPUSD, H1, 2011 November 20
AUDCAD, M30, 2011 November 20

There could be executed good winning trades around some CCI-Top-&-Bottom-Levels.
But don't be blind when walking into a room! (to go into the market).
Make a Multiple-Time-Frame-Analysis before!
It makes no sense to trade e.g. an H4 down when the daily and weekly chart is located into a strong upside movement.
FXcube

I hope it's acceptable to most palates.
Best wishes from Switzerland
FXcube

Forex Strategy Trend Line + CCI Divergence
Published: 31.03.2010

Forex Strategy Trend Line + CCI Divergence - as we know, almost all professional traders in financial markets often use the Divergence of different indicators to decide on the conclusion of a transaction, so we are now and consider a very simple but very effective strategy for forex, which is based on Divergence indicator CCI, predicting about trend reversal (or temporary roll back) prices in the forex market in the near future.

 

1. To trade forex recommend choosing Forex Brokers with Metatrader 4

This strategy works well on any interval, but it is desirable to use the above M15.
On the schedule for the chosen currency pair (which may be the same - any) set MT4 indicator - FX Sniper’s CCI (14)
First of all, let’s see what we assume the divergence indicator CCI in this strategy.

Examples of divergence CCI look at the figures:

http://strategy4forex.com/wp-content...3/diver_01.jpg

Divergence - is tence other than the price difference on the chart and the indicator CCI. If the price on the chart makes successive highs, and the indicator shows a successive minima - this is the divergence of CCI.
Similarly, if the price on the chart makes the successive minima, and the CCI indicator we see successive peaks - this is also the divergence of CCI.
Now let’s consider the conditions under which we will enter the market under the rules of forex strategy CCI Divergence + Trandeline.

We conclude deals for:
1. Determine the trend and note that the trend is down at our chosen time-frame (the price makes successive minima)
2. We are witnessing the divergence of CCI at our chosen time-frame.

http://strategy4forex.com/wp-content...03/diver02.jpg

3. In the second extreme of CCI closed for at least 1-2 bars after the formation of divergence.
4. Building a trendline from the maxima of the price movement downward in the interval of divergence.
5. Price closes above the trend line downward, constructed from the maxima points, located the interval under consideration divergence.
6. We conclude the deal on the opening price the next bar after the penetration of the trend line.
7. Stop-loss is placed below the local minimum in the near or under the candles to penetrate the trend line (if it is at least 50-70 points).
8. At a distance equal to the size of stop-loss position in translating bezubytok and close 1 / 2 a position.
9. Forward the remaining 1 / 2 trading position on the trailing stop (trailing size depends on the chosen currency pair and time-frame in which you trade, but about its value must be equal to the initial stop-loss).
Note: if, after construction of the trend line, you saw a new divergence or surprisingly a later peak at the indicator CCI - should redraw the trendline and the follow items 3-6 (above) or remove it!

For transactions for sale - the reverse condition!
http://strategy4forex.com/wp-content...03/diver03.jpg

and this is another example of making deals on the divergence shown in Figure 1:

http://strategy4forex.com/wp-content...3/diver_04.jpg

During the breakdown of the trend line 3rd divergence, if desired, stop-loss order can be placed not under the local minimum and a candle to penetrate the trend line. The 1 / 2 of the transaction would have closed with a profit, and the rest position closed on “zero”.

 

1. Download indicator for Metatrader 4 - FX Sniper’s CCI
2. Download a template for Metatrader 4 - CCI Divergence

Warning: Template MT4 and MT4 indicator prior to decompress!

http://strategy4forex.com/strategies...ivergence.html

Using Convergence and Divergence and CCI in Forex Trading
By Sam Evans

The concept of understanding convergence and divergence in technical analysis was one of the very first subjects I was taught in the Online Trading Academy classroom when I was a student, and to be honest, I found it a little confusing in the early stages. I was probably just going through a similar challenge that many novice traders are faced with in the early stages of their education, namely an overload of information and new ideas. This is common, so don't think you are alone if you’re currently faced with the same prospects.
As an instructor in the Online Trading Academy classroom and ongoing Extended Learning Track (XLT) environment, I tell my students that it will always serve them well to start their trading career with a simple and methodical approach, because this will give them the very best chance to gain consistency in their speculation and analysis. As they begin to master the core skills of risk management and objective analysis, they can then start to add a few extra tools to their arsenal to enhance their performance, and if used correctly, implementing convergence and divergence analysis into the trading plan can be of great use over time.
Typically, traditional methods of technical analysis use the Moving Average Convergence Divergence, or MACD, indicator for this technique, and while I would agree that this is one way of carrying out the study, it can be done with other indicators as well. This week, I will focus on using one of my preferred analysis tools, the Commodity Channel Index, or CCI, to carry out objective convergence and divergence analysis in conjunction with a solid understanding of supply and demand. But let's first come to grips with the terminology itself.
Convergence is described as when price action is generally following the same path as what we are seeing on our technical indicator. So, for example, in an uptrend where the market is making higher highs and higher lows, we would also be seeing signs of strength in our technical indicator of choice. This is a sign of continuing momentum in price and would suggest that a trend has a higher probability of continuation. The same would be said for a downtrend, but the market would be making lower lows and lower highs with weakness showing on the indicator, giving the trader clues that there is still momentum in the downside moves. Basically, price and the indicator are doing the same thing, or converging.
Divergence is described as when price action is not following the same path as what we are seeing on our technical indicator. In an uptrend of higher highs and higher lows, we would now be seeing weakness in our technical indicator of choice. This is now a sign that momentum is beginning to decrease, suggesting that the trend has a higher probability of reversing. Likewise, we would look for the opposite signals in a downtrend, where the price action would be showing lower lows and lower highs, but the indicator would instead be giving us signs of strength, suggesting the possibility of waning momentum and an upcoming move to the upside. To summarize, price and the indicator are doing the opposite thing, or diverging.
So, with this is mind, we can conclude that:
Convergence = Higher Momentum = Possible Trend Continuation
Divergence = Lower Momentum = Possible Trend Reversal
As I stated before, the traditional measure of convergence and divergence has been the MACD indicator, but if we understand the concept itself, we can substitute this tool for another and get the same results. Which one is right? The simple answer is whatever you prefer. It is the use of the indicator and the analysis itself that will ultimately define the results for the individual trader. For this example, I will use the Commodity Channel Index (CCI) for the study. The definition of the CCI is that it is a measure of market or price strength. It gives us signs of overbought and oversold conditions in price action. Developed by Donald Lambert, the CCI calculates the distance between a price and its average over a set period of time. The default settings are usually 14 or 20 periods (depending on your charting platform and personal choice), and obviously, this can be adjusted like any other technical indicator. I like to interpret the CCI as a speedometer of the market, making it an ideal measure of momentum in prices. And perfect for my convergence and divergence analysis.
With this in mind, let's now put these ideas into practice by combining the CCI with some convergence/divergence analysis on a recent example of price activity on the USD/CAD currency pair.

http://graphics.moneyshow.com/trader...41410/Fig1.gif
Figure 1 - Click to Enlarge

On this four-hour chart of USD/CAD, I have marked off three key pivots marked as A, B, and C, and applied the CCI indicator with a setting of 20 periods. In these examples, I would like to state that we are not focusing our attention on the overbought and oversold buy and sell signals the CCI is generating, but rather using the CCI to measure momentum in the price moves. Notice how between point A and point B, we saw a downward trend in price, with lower lows and lower highs? At the same time this was happening, we also saw a weakness in the CCI, with it too making lower lows and lower highs as marked by the blue circles. Since both indicator and price were doing the same thing, we can assume there is still momentum in the downtrend, or convergence. Upon reaching point B on the chart, we then began to see buying pressure enter the market and the USD/CAD then reversed into an uptrend.
What were the signals of this upcoming change in direction? Well, we can see that the CCI began to put in higher highs and higher lows between March 17 and 19, suggesting that downside momentum was drying up, or creating divergence. For the next few days, the currency pair enjoyed a decent upside move with higher highs and higher lows, while the CCI exhibited similar traits as well, presenting us with convergence once again, or momentum. However, it should also be noted that between the March 25 and 29, on the approach to pivot C, while the price was still moving up, our CCI was making lower lows and lower highs, as marked again by the blue circles on the chart. Strength in price and weakness in the indicator suggests dying momentum in the trend, or divergence. Could this be a sign that the upward trend is coming to an end? Let's see how things turned out:

http://graphics.moneyshow.com/trader...41410/Fig2.gif
Figure 2 - Click to Enlarge

Momentum did indeed subside, and upon reaching the 1.0300 level, the USD/CAD fell to just below parity with the US dollar putting in a low of 0.9975. This move was also complemented by convergence with the CCI also giving signs of weakness, as highlighted on the above example. Once again, however, as the pair was approaching the 1.000 level, the CCI showed us subtle signs of strength by putting in a higher low and diverging away from price before the bounce we can see happened at 1.000, to at the time of writing this article, 1.0073.
I am sure you will agree that a simple and logical understanding of how convergence and divergence shows itself on a price chart can be a powerful weapon in the hands of the disciplined trader, but it must be stated that these techniques are nowhere near good enough to base trading decisions upon alone. Any technical indicator should only be used as an analytical tool, not a decision maker for a taking a trade. As you can see from the above example, even without using any kind of convergence/divergence analysis, there was a low-risk, high-probability trading opportunity to short USD/CAD at 1.0300 anyway, simply because price rallied into an objective area of supply, or resistance, within the context of a bigger downward trend. Price alone is the only thing a trader will ever need as an analysis tool, but it can do you no harm at all to add something a little extra from time to time to increase the overall probability for success. I hope this helped.

http://www.moneyshow.com/trading/Cur...urrency&page=2

This system looks good, I will try more often according to the trade,I will also continue follow this thread

Life Trading
EURUSD, M1, 2011 November 21
EURUSD, H1, 2011 November 21

I try to trade the M1 in a H1 Range for this moment only for several pips (0.05-0.1% per trade).