TASAYC System

hi stegmag, i tried as you show in the pic ( drag from account history into the chart ), but in my mt4 it doesnt work.
i have to change something in the options of the mt4 ??

regards



I made you pictures, a bit overzoomed but nevermind, i just want to show you how to do it.

Getting misunderstood on the internet is really easy![/quote]

[/quote]

No Astock you don't need to change settings.
Try to do it on a 1' chart, and see if it work, the arrows are little, maybe you just don't see them.

Forexcube

let say if you have to define 3 levels of risks ( level A level B level C) level A being the highest level of Risk.
maximum leverage given by your broker is 50:1
what will be the % of leverage that you will use for :
level A ?
level B ?
level C ?

i dont put number because i know my risk tolerance , i ask you because when you talk about high risk account i just would to know the leverage that you are using.
for me will be 100%at level A so equal to 50:1.

thank's one more time for your guidance

Landsat

Last trade, it went 19pips in red before start falling, got 27pips.

Higher TFs were ranging, so i wasn't relaxed, and for the same reason i didn't open another short at the second (top) divergence.
Closed @5'CCI OS.

Chart:

Hope it goes down fast, i need to exit

Update: Need to go away, closed @+4, se you later.

I don't have a word, i have never seen something like this, you are guru in forex, congratulations Forexcube. Can you tell me how did you make this which TF and indicators, is this only "123PatternV6"- Indicator ther?

Man you're joking?

Guess that reading this could help you.


I'm really speechless FXC..

Incredible..

Thank you,

I have finished reading all thread, but i am not sure which time frame is the best and do you change something now from first post? I am a little confused, but i can see this is excellent system.

Please..

Ho intenzione di provare lentamente. Non ti preoccupare.

No Astock you don't need to change settings.
Try to do it on a 1' chart, and see if it work, the arrows are little, maybe you just don't see them.[/quote]


thx it is working , the 1minute chart was the right idea.
thanks a lot.

No problem, glad to be helpful.

See #726


Hi Landsat
Your question?, ...I think, ...it is not the case! A Risk definition should be more complex!
Read the articles: "Understanding Forex Risk Management" (#737), "Forex Risk" (#738 ), "Forex Scalping: A High Risk Strategy" (#739), "High Risk Investment" (#740), High or Low Risk Rate" (#741) please.
FXcube

Understanding Forex Risk Management

Trading is the exchange of goods or services between two or more parties. So if you need gasoline for your car, then you would trade your dollars for gasoline. In the old days, and still in some societies, trading was done by barter, where one commodity was swapped for another. A trade may have gone like this: Person A will fix Person B's broken window in exchange for a basket of apples from Person B's tree. This is a practical, easy to manage, day-to-day example of making a trade, with relatively easy management of risk. In order to lessen the risk, Person A might ask Person B to show his apples, to make sure they are good to eat, before fixing the window. This is how trading has been for millennia: a practical, thoughtful human process.

This is Now
Now enter the world wide web and all of a sudden risk can become completely out of control, in part due to the speed at which a transaction can take place. In fact, the speed of the transaction, the instant gratification and the adrenalin rush of making a profit in less than 60 seconds can often trigger a gambling instinct, to which many traders may succumb. Hence, they might turn to online trading as a form of gambling rather than approaching trading as a professional business that requires proper speculative habits. (Learn more in Are You Investing Or Gambling?)

Speculating as a trader is not gambling. The difference between gambling and speculating is risk management. In other words, with speculating, you have some kind of control over your risk, whereas with gambling you don't. Even a card game such as Poker can be played with either the mindset of a gambler or with the mindset of a speculator, usually with totally different outcomes.

Betting Strategies
There are three basic ways to take a bet: Martingale, anti-Martingale or speculative. Speculation comes from the Latin word "speculari," meaning to spy out or look forward.

In a Martingale strategy, you would double-up your bet each time you lose, and hope that eventually the losing streak will end and you will make a favorable bet, thereby recovering all your losses and even making a small profit.

Using an anti-Martingale strategy, you would halve your bets each time you lost, but would double your bets each time you won. This theory assumes that you can capitalize on a winning streak and profit accordingly. Clearly, for online traders, this is the better of the two strategies to adopt. It is always less risky to take your losses quickly and add or increase your trade size when you are winning.
However, no trade should be taken without first stacking the odds in your favor, and if this is not clearly possible then no trade should be taken at all. (For more on the Martingale method, read FX Trading The Martingale Way.)

Know the Odds
So, the first rule in risk management is to calculate the odds of your trade being successful. To do that, you need to grasp both fundamental and technical analysis. You will need to understand the dynamics of the market in which you are trading, and also know where the likely psychological price trigger points are, which a price chart can help you decide.
Once a decision is made to take the trade then the next most important factor is in how you control or manage the risk. Remember, if you can measure the risk, you can, for the most part, manage it.
In stacking the odds in your favor, it is important to draw a line in the sand, which will be your cut out point if the market trades to that level. The difference between this cut-out point and where you enter the market is your risk. Psychologically, you must accept this risk upfront before you even take the trade. If you can accept the potential loss, and you are OK with it, then you can consider the trade further. If the loss will be too much for you to bear, then you must not take the trade or else you will be severely stressed and unable to be objective as your trade proceeds.
Since risk is the opposite side of the coin to reward, you should draw a second line in the sand, which is where, if the market trades to that point, you will move your original cut-out line to secure your position. This is known as sliding your stops. This second line is the price at which you break even if the market cuts you out at that point. Once you are protected by a break-even stop, your risk has virtually been reduced to zero, as long as the market is very liquid and you know your trade will be executed at that price. Make sure you understand the difference between stop orders, limit orders and market orders.

Liquidity
The next risk factor to study is liquidity. Liquidity means that there are a sufficient number of buyers and sellers at current prices to easily and efficiently take your trade. In the case of the forex markets, liquidity, at least in the major currencies, is never a problem. This liquidity is known as market liquidity, and in the spot cash forex market, it accounts for some $2 trillion per day in trading volume.
However, this liquidity is not necessarily available to all brokers and is not the same in all currency pairs. It is really the broker liquidity that will affect you as a trader. Unless you trade directly with a large forex dealing bank, you most likely will need to rely on an online broker to hold your account and to execute your trades accordingly. Questions relating to broker risk are beyond the scope of this article, but large, well-known and well capitalized brokers should be fine for most retail online traders, at least in terms of having sufficient liquidity to effectively execute your trade.

Risk per Trade
Another aspect of risk is determined by how much trading capital you have available. Risk per trade should always be a small percentage of your total capital. A good starting percentage could be 2% of your available trading capital. So, for example, if you have $5000 in your account, the maximum loss allowable should be no more than 2%. With these parameters your maximum loss would be $100 per trade. A 2% loss per trade would mean you can be wrong 50 times in a row before you wipe out your account. This is an unlikely scenario if you have a proper system for stacking the odds in your favor.
So how do we actually measure the risk?

The way to measure risk per trade is by using your price chart. This is best demonstrated by looking at a chart as follows:
http://i.investopedia.com/inv/articl.../RiskMGMT1.gif
Figure 1: EUR/USD One-Hour Time Frame Chart by Netdania.com

We have already determined that our first line in the sand (stop loss) should be drawn where we would cut out of the position if the market traded to this level. The line is set at 1.3534. To give the market a little room, I would set the stop loss to 1.3530. (Learn more about stop losses in The Art Of Selling A Losing Position.) A good place to enter the position would be at 1.3580, which, in this example, is just above the high of the hourly close after a an attempt to form a triple bottom failed. The difference between this entry point and the exit point is therefore 50 pips. If you are trading with $5,000 in your account, you would limit your loss to the 2% of your trading capital, which is $100.
Let's assume you are trading mini lots. If one pip in a mini lot is equal to approximately $1 and your risk is 50 pips then, for each lot you trade, you are risking $50. You could trade one or two mini lots and keep your risk to between $50-100. You should not trade more than three mini lots in this example, if you do not wish to violate your 2% rule.

Leverage
The next big risk magnifier is leverage. Leverage is the use of the bank's or broker's money rather than the strict use of your own. The spot forex market is a very leveraged market, in that you could put down a deposit of just $1,000 to actually trade $100,000. This is a 100:1 leverage factor. A one pip loss in a 100:1 leveraged situation is equal to $10. So if you had 10 mini lots in the trade, and you lost 50 pips, your loss would be $500, not $50.
However, one of the big benefits of trading the spot forex markets is the availability of high leverage. This high leverage is available because the market is so liquid that it is easy to cut out of a position very quickly and, therefore, easier compared with most other markets to manage leveraged positions. Leverage of course cuts two ways. If you are leveraged and you make a profit, your returns are magnified very quickly but, in the converse, losses will erode your account just as quickly too. (See Leverage's "Double-Edged Sword" Need Not Cut Deep for more.)
But of all the risks inherent in a trade, the hardest risk to manage, and by far the most common risk blamed for trader loss, is the bad habit patterns of the trader himself.
All traders have to take responsibility for their own decisions. In trading, losses are part of the norm, so a trader must learn to accept losses as part of the process. Losses are not failures. However, not taking a loss quickly is a failure of proper trade management. Usually a trader, when his position moves into a loss, will second guess his system and wait for the loss to turn around and for the position to become profitable. This is fine for those occasions when the market does turn around, but it can be a disaster when the loss gets worse. (Learn to overcome this big hurdle in Master Your Trading Mindtraps.)
The solution to trader risk is to work on your own habits and to be honest enough to acknowledge the times when your ego gets in the way of making the right decisions or when you simply can't manage the instinctive pull of a bad habit.
The best way to objectify your trading is by keeping a journal of each trade, noting the reasons for entry and exit and keeping score of how effective your system is. In other words how confident are you that your system provides a reliable method in stacking the odds in your favor and thus provide you with more profitable trade opportunities than potential losses.

Conclusion
Risk is inherent in every trade you take, but as long as you can measure risk you can manage it. Just don't overlook the fact that risk can be magnified by using too much leverage in respect to your trading capital as well as being magnified by a lack of liquidity in the market. With a disciplined approach and good trading habits, taking on some risk is the only way to generate good rewards.
For related reading, take a look at Risk Management Techniques For Active Traders.

by Selwyn Gishen
Selwyn Gishen is a trader with more than 15 years of experience trading forex and equities for a private equity fund. For the past 35 years, he has also been a student of metaphysics, and has written a book called "Mind: How Changing Your Mind Can Change Your Life!" (2007). Gishen is the founder of FXNewsandViews.Com and the author of a forex trading guide entitled "Trading the Forex Markets: A Foundation Course for Online Traders". The course is designed to provide the trader with all the aspects of Gishen's Fusion Trading Model.
More from Investopedia

1. Are You Investing Or Gambling?
2. Measure Volatility With Average True Range
3. The Importance Of Trading Psychology And Discipline
4. Forex Trading The Martingale Way
5. The Art Of Selling A Losing Position

Read more: http://www.investopedia.com/articles...#ixzz1g9TV8oau

Forex Risk

If you are actively trading in the forex markets then forex risk management needs to be high on your list of priorities to become adept at. The reasons for this are quite clear. Forex can make you enormous amounts of money very quickly (for example this forex system consistently makes money), but on the flip side it is also possible to lose money very quickly, and the difference between a sustainable trading strategy and gambling really comes down to money management.

Forex risk management cannot simply be left to chance. In the same way that you may well look at historical forex data to plan out what to trade and when. You equally need to have strategies in place to tell you when to let the profits in a trade run, and when to cut them short. And you need to have these clearly established ahead of time, so that in the heat of the trading battle you don’t fall prey to that little voice in your head that says that this situation is somehow different from previous occasions, and so you should just “Wing It” or “Go With Your Instinct”. More often then not that thought will end up seeing you poorer then when you started out, so don’t fall prey to it.

Instead use a forex system that works and keep the following forex risk strategies in mind when you trade.

Here are Five Forex Risk Management Strategies to consider:

1/ Establish Limits On The Amount You Trade
This is a key aspect to regaining control in your trading. You can make winning trades 90% of the time. But still end up losing all your money if you start to think you are invincible and keep on doubling up every time. You should establish clear limits on how much of your total bankroll you are prepared to risk on any one trade. A good rule of thumb might be to not invest more than 1% in any single trade. So that whilst you are unlikely to make a killing very quickly, you are also limiting your losses. And should be able to sleep better at night http://www.forexrisk.org/wp-includes.../icon_razz.gif

2/ Make Sure You Have Clearly Defined Stop Loss Points And Take Your Profits
Again this is primarily about limiting trading blindness. It is no good imagining that everything will turn out ok. You have to know it for sure. And for that to be the case you have to have clear established stop points for both profits and losses in your forex risk management plan.

3/ Avoid Trading Similar Instruments That Tend To Track Each Other
For example, the GBP and the US Dollar tend to move together, as do the Euro and the US Dollar. So it is best not to be trade both of them simultaneously. All you are doing in such a situation is to ramp up risk. You will make more money on trades that go your way, but on the flip side you will make greater losses if things turn out badly, as both will fall together. In essence you will have become a gambler, which should not be your aim with trading forex. Making consistent profits should be. And for that you need not only a great forex system, but to be good at handling the money once you have made it.

4/ Avoid Chasing Your Losses
This is a key forex risk management principal. If you constantly chase a trade in the hope that it will turn your way, then you are acting a little like someone betting on a roulette wheel who keeps trying to double up on black, when the wheel keeps churning out red numbers, under the thought that eventually his luck must turn. This is not a good way to handle a financial portfolio, and you should be wary of becoming overly emotional about trading. The more emotionally dispassionate you can remain the better it will work for you.

5/ Make Your Portfolio More Diverse
Always try to add in additional diversity into your portfolio through stock, options , bonds etc. In this way you will be more likely to have a more stable fund of money, as some will make losses, but others will profit, and they will balance each other out over time.

Forex Risk… Final Thoughts
One great way that you can add more diversity into your trading and reduce your forex risk is to try out proven forex trading systems. As you can then get to piggyback on other traders experiences, often for relatively small amounts of money.

http://www.forexrisk.org/

Forex Scalping: A High Risk Strategy

Forex scalping is a high risk strategy in which the trader enters multiple short term positions with the expectation that the small gains made in each trade will in time accumulate to justify the time and effort devoted to the task. Scalping is a popular method because of its ease, and the psychological comfort it provides to traders. We like seeing our gains realized as soon as possible, and holding a position for the longer term is stressful and difficult for the inexperienced person. With scalping these issues are avoided, as trades rarely last more than five minutes, and the multiple short term profits ensure a version of the instant gratification sought by the modern man in almost every endeavor.
Scalping is a technical method, since fundamental tools rarely work at the timeframes involved in this type of strategy. While applying technical strategies in scalping the only problem is caused by the spread. The shorter the timeframe, the smaller the potential profit, and the larger the proportion of the spread to any potential profit. Although technical methods work equally well at every timeframe, whether it is 5 minutes, or five hours, the problems caused by the spread mean that the scalper is always at a disadvantage in comparison to the long term trader: he must create a better performance just to break even.
The best way of profiting from a scalping strategy is employing the method during quite market conditions. Since at those times the market tends to fluctuate aimlessly around a central point, it is possible to profit from tiny aimless movements with the scalper's favored entry-exit habits. On the other hand it's hard to use this method at times of maximum volatility, such as after and during news releases, or during the peak hours of the day.
The most suitable time for low intensity scalping is between the close of banks in New York, and the beginning of forex trading in Japan. As banks across the U.S. shut down their trading desks, trading comes to a halt, and volatility falls across the board, creating the aimless, trendless conditions favoring low intensity scalping.
Next step: Trading the News

http://www.forextradingonline.com/fo...-scalping.html

High Risk Investment

RISK DISCLOSURE STATEMENT
This brief statement does not disclose all of the risks and other significant aspects of spot foreign currency and options trading on margin (collectively "Forex").
BECAUSE OF THE VOLATILE NATURE OF THE OFF-EXCHANGE FOREIGN CURRENCY MARKETS, THE PURCHASE AND SALE OF OFF-EXCHANGE FOREIGN CURRENCY INVOLVE A HIGH DEGREE OF RISK. OFF-EXCHANGE FOREIGN CURRENCY TRANSACTIONS ARE NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC. SUCH TRANSACTIONS SHOULD BE ENTERED INTO ONLY BY PERSONS WHO HAVE CAREFULLY CONSIDERED THE RISKS INVOLVED WITH THE TRADING OF OFF-EXCHANGE FOREIGN CURRENCIES. A PERSON SHOULD NOT PURCHASE OFF-EXCHANGE FOREIGN CURRENCIES UNLESS HE OR SHE IS PREPARED TO SUSTAIN A TOTAL LOSS OF THE PURCHASE PRICE. ALL INVESTORS SHOULD READ AND UNDERSTAND THE DISCLOSURE OF RISKS RELATING TO THE TRADING OF OFF-EXCHANGE FOREIGN CURRENCY TRANSACTIONS WHICH IS PROVIDED TO ALL INVESTORS IN CONNECTION WITH THE OPENING OF A TRADING ACCOUNT WITH AVA FX.

The high degree of leverage available can work against you as well as for you. Before deciding to invest in Forex you should carefully consider your investment objectives, level of experience, and risk appetite and other circumstances. The possibility exists that you could sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You may be liable for losses that exceed the amount of margin that you post.
Trading in Forex is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. In light of the risks, you should undertake such transactions only if you (the "Customer") understand the nature of the trading into which you are about to engage and the extent of your exposure to risk.

1. Trading Is Very Speculative and Risky.
Forex is highly speculative and is suitable only for those Customers who (a) understand and are willing to assume the economic, legal and other risks involved, and (b) are financially able to assume losses significantly in excess of margin or deposits. Forex is not an appropriate investment for retirement funds. Customer represents warrants and agrees that Customer understands these risks; that Customer is willing and able, financially and otherwise, to assume the risks of Forex and that loss of Customer’s entire account balance will not change Customer’s life style.

2. High Leverage And Low Margin Can Lead To Quick Losses.
The high leverage and low margin associated with Forex can result in significant losses due to price changes in Foreign Exchange Contracts and Cross Currency Contracts. The amount of initial margin may be small relative to the value of the foreign currency so that transactions are "leveraged" or "geared". A relatively small market movement may have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. Customers must maintain the minimum margin requirement on their open positions at all times. It is the customer"s responsibility to monitor his/her account balance. We have the right to liquidate any or all open positions whenever the minimum margin requirement is not maintained.
The high degree of leverage that is obtainable in the trading of off-exchange foreign currency transactions can work against you as well as for you. Leverage can lead to large losses as well as gains.

3 Risk-reducing Orders Or Strategies.
The placing of certain orders (e.g., "stop-loss" orders, where permitted under local law, or "stop-limit" orders), which are intended to limit losses to certain amounts, may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as "spread" and "straddle" positions, may be as risky as taking simple "long" or "short" positions.

4 Options - Variable Degree Of Risk.
Transactions in foreign currency options carry a high degree of risk. Purchasers and sellers of foreign currency options should familiarize themselves with the type of option (i.e., put or call) which they contemplate trading and the associated risks. You should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium and all transaction costs.
The purchaser of options may offset or exercise the options or allow the options to expire depending on the nature and type of option purchased. The exercise of an option will always result in a cash settlement. In some instances, the purchaser may acquire a spot position with associated liabilities for margin. If the purchased options expire worthless, you will suffer a total loss of your investment, which will consist of the option premium plus transaction costs. If you are contemplating purchasing deep-out-of-the-money options, you should be aware that the chance of such options becoming profitable ordinarily is remote. Selling ("writing" or "granting") an option generally entails considerably greater risk than purchasing options. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will be liable for additional margin to maintain the position if the market moves unfavorably. The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying interest. In some instances, the seller may acquire a spot position with associated liabilities for margin. If the option is "covered" by the seller holding a corresponding position in the underlying currency or another option, the risk may be reduced. If the option is not covered, the risk of loss can be unlimited. The purchaser is still subject to the risk of losing the premium and transaction costs. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time.

5. Prices, Margin And Valuations Are Set By Us And May Be Different From Prices Reported Elsewhere.
We will provide prices to be used in trading, valuation of Customer positions and determination of margin requirements. Prices reported by us may vary from prices available to banks and other participants in what is known as the interbank market. We will exercise considerable discretion in setting and collecting margin. We are authorized to convert funds in Customer’s account for margin into and from such foreign currency at a rate of exchange determined by us in our sole discretion on the basis of then-prevailing money market rates.

6. One Click Trading And Immediate Execution.
We offer also on our automated order entry system immediate transmission of Customer’s order once Customer enters the notional amount and clicks “Buy/Sell.” There is no “second look” before transmission, and Market Orders cannot be cancelled. This feature may be different from other trading systems. Customer agrees that by using our order-entry system, Customer agrees to the one-click system and accepts the risk of this immediate transmission feature.

7. Telephone Orders And Immediate Execution.
Market Orders executed through our Trading Desk are completed when we say “deal” or “done.” At that point Customer has bought or sold and cannot cancel the Market Order. By placing Market Orders through our Trading Desk, Customer agrees to such immediate execution and accepts the risk of this immediate execution feature.

8. Market Recommendations Are Informational, Customer Makes Independent Decisions, And We Are Not An Adviser Or A Fiduciary To Customer.
The market recommendations that we provide do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any Foreign Exchange Contracts or Cross Currency Contracts. Each decision by Customer to enter into a Contract or other transaction with us and each decision whether a Contract or other transaction is appropriate or proper for Customer is an independent decision by Customer. We are not acting as an advisor or serving as a fiduciary to Customer. Customer agrees that we have no fiduciary duty to Customer and no liability in connection with and is not responsible for any liabilities, claims, damages, costs and expenses, including attorneys’ fees, incurred in connection with Customer following our trading recommendations or taking or not taking any action based upon any recommendation or information provided by us.

9. Recommendations Are Based On Personal Judgments And Are Not Guaranteed.
Our market recommendations are based solely on the judgment of our personnel. These market recommendations may or may not be consistent with the market positions or intentions of Ava Financial Ltd., Avafx Inc., its affiliates and employees. Our market recommendations are based upon information believed to be reliable, but we cannot and do not guarantee the accuracy or completeness thereof or represent that following such recommendations will reduce or eliminate the risk inherent in Forex.

10. There is no Central Market or Clearinghouse Guarantee of Payment.
Forex trading with us is not conducted on a regulated market or exchange. Each Contract is a contract directly between us and the Customer. There is no clearinghouse and no guarantee by any other party of our payment obligations to the Customer. Customer must look only to us for performance on all Contracts in Customer’s account and for return of any margin or collateral. Our insolvency or a default by us could cause Customer to lose the value of its account and to suffer additional losses from open positions.

11. No Guarantees Of Profit.
There are no guarantees of profit or freedom from loss in Forex. Customer has received no such guarantees from us or from any of our representatives. Customer is aware of the risks inherent in Forex and is financially able to bear such risks and withstand any losses incurred.

12. Commission, Conversions and Other Charges.
Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. You should be aware that profit and loss in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency. These charges will affect your net profit (if any) or increase your loss.
We are compensated through the difference between the buy amd sell price

13. Transactions in Other Jurisdictions.
Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. Such markets may be subject to regulation, which may offer different or diminished investor protection. Before you trade you should enquire about any rules relevant to your particular transactions. Your local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where your transactions have been effected.

14. Password Protection.
You are obligated to keep passwords secret and ensure that third parties do not obtain access to your online account. You will be liable for trades executed by means of your password even if such use may be wrongful.

15. Customer May Not Be Able To Close Open Positions.
Due to market conditions or other circumstances we may be unable to close out Customer’s position at the level specified by Customer, and Customer agrees that we will bear no liability for failure to do so.

16. Trading Ahead And Along.
Our personnel and affiliates and various other parties may execute orders at the same or better prices ahead of a Customer Order.

17. Third Party Agents.
In the event that Customer grants trading authority or control over Customer’s account to a third party (the “Trading Agent”), whether on a discretionary or non-discretionary basis, We shall in no way be responsible for reviewing Customer’s choice of such Trading Agent or for making any recommendations with respect thereto. We make no representations or warranties concerning any Trading Agent; we shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent; and we do not, by implication or otherwise, endorse or approve of the operating methods of the Trading Agent. If Customer gives the Trading Agent authority to exercise any of its rights over its account, Customer does so at Customer’s risk. Even though the undersigned grants authority to Trading Agent, Customer should be diligent and closely scrutinize all account activity.

18. Internet Trading.
There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software and Internet connection. Since we do not control signal power, its reception or routing via Internet, configuration of Customer’s equipment or reliability of its connection, we shall not be liable for any claims, losses, damages, loss of profits, special or consequential damages, cost of procurement of substitute goods or services, costs or expenses, including attorneys’ fees, caused, directly or indirectly, by any breakdown or failure of any transmission or communication system or computer facility or trading software, whether belonging to us, Customer, any market, or any settlement or clearing system when Customer trades online (via Internet). In addition, we are not responsible for the breach of any Internet security with respect to your Account. We have no liability or duty of indemnification related to unusable data, lost or corrupt Customer transactions or data, by whatever means, in whatever form, resulting in part or in whole from third-party software or networking goods or services or from internet related problems or from actions or events outside of our control.

19. Telephone Orders.
We are not responsible for disruption, failure or malfunction of telephone lines.

20. Quoting Errors.
Should a quoting error occur due to a mistype of a quote or a misquote given by telephone and/or electronic means (including responses to Customer requests), we are not liable for any resulting errors in account balances and reserve the right to make necessary corrections or adjustments on the account involved. Any dispute arising from such quoting errors will be resolved on the basis of the fair market value, as determined by us, in our sole discretion, of the relevant currency at the time such an error occurred. In cases where the prevailing market represents prices different from the prices we have posted on our screen, we will attempt, on a best efforts basis, to execute trades on or close to the prevailing market prices. These prevailing market prices will be the prices, which are ultimately reflected on the customer statements. This may or may not adversely affect customer realized and unrealized gains and losses.

21. Creditor Priority in Bankruptcy.
You should familiarize yourself with the protections accorded money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some, but not all, jurisdictions, property, which has been specifically identifiable as your own, will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.

22. Local Laws.
This site is not intended for use by any person in any country where such use would be contrary to local law or regulation. It is the responsibility of visitors to this Web site to ascertain the terms of and comply with any local law or regulation to which they or the trades they undertake are subject.

Secondary Risk Disclosure: High Risk Investment
In addition to standard industry disclosures contained in this Agreement, you should be aware that margined currency trading is one of the riskiest forms of investment available in the financial markets and is only suitable for sophisticated individuals and institutions. An account with us permits you to trade foreign currencies on a highly leveraged basis (up to approximately 100 times your account equity or as otherwise permitted by applicable regulation). An initial deposit of $1,000 may enable the trader to take a maximum position with $100,000 notional market value. The funds in an account trading at maximum leverage can be completely lost, if the position(s) held in the account has a two percent swing in value. Given the possibility of losing an entire investment, speculation in the foreign exchange market should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution"s financial well being.
If you have pursued only conservative forms of investment in the past, you may wish to study currency trading further before continuing an investment of this nature. You must realize that you could sustain a total loss of all funds you deposit with your broker as initial margin as well as substantial amounts of capital, when trading currencies or currency options, should the market go against your investment. You must also realize that the limited risk in buying options means you could lose the entire option investment should the option expire worthless. If you wish to continue with your investment, you acknowledge that the funds you have committed are purely risk capital and loss of your investment will not jeopardize your style of living nor will it detract from your future retirement program. Additionally, you fully understand the nature and risks of currency and currency options investments, and your obligations to others will not be neglected should you suffer investment losses.

http://www.avafx.com/High-Risk/

High or Low Risk Rate

For every trade that you enter you would always have to make a decision regarding the risk rate. Set it high and the rewards may be great but the losses just as much; set it low and the rewards may be low and the losses just as much.
The risk rate is the multiplier used in every trade. One might think that a high risk rate is always good especially if the trading strategy used is, sort of a sure thing. But careful reconsideration should be taken whenever risk rates are to be adjusted.
Different risk rates are useful for certain situations. Use a risk rate for the wrong situation and you might either face a quick and easy loss or a slow and painful income.
You have to always think about the risk rate that you plan to use because once the trade is entered you won’t be able to change the settings except for the take profit and stop loss rates. But the advantage here is that once you have a set trading strategy then you won’t have to bother with the risk rate because you would just have to always set it in the same rate every time.
The high risk rate is perfect for those looking for a quick income specifically scalpers. Scalpers usually enter trades and exit as soon as an income is earned. The high risk rate allows scalpers to enter low trade amounts and their trades would usually earn or lose immediately.
Using a high risk rate requires careful analysis because the slightest wrong move might mean a stop loss about to take place.
Medium risk rates are perfect for those day traders who enter and exit trades once a day. The trades are able to move freely within the day without hitting stop loss immediately.
Low risk rate is the ideal rate for weekly or monthly traders. This allows their trades to freely move around for the weeks to come. The analysis used here should be an analysis method designed for a whole month.

http://forextechnicalanalysisinfo.co...low-risk-rate/

The New Risk-Factor For Forex Markets
Posted: August 17, 2011 8:10AM by FOREX.com

By Kathleen Brooks: Research Director UK, FOREX.com The last couple of weeks have been a roller coaster ride for investors in the foreign exchange market. Some of this volatility was fueled by fears about the European debt crisis and growth prospects for the debt-ridden western world, but a new risk factor has altered market dynamics: intervention risk.
Traditionally during periods of market turmoil FX investors have turned to the Swiss franc and the Japanese yen. It is hard-wired in traders that the Swissie and the yen are the asset classes of choice when risk is sold due to their relative political stability and high proportion of debt held domestically.
However, not any more. After hitting record highs versus the euro and the dollar, the Swiss National Bank (the SNB) said enough-was-enough and started to directly intervene in the markets from August 3, 2011.

Swiss Franc Movement
The SNB took the market by surprise and lowered interest rates to zero try and dissuade people from buying its currency. The logic was that if a currency doesn't yield anything investors don't earn a return and so won't want to buy the currency. But old habits die hard. At the peak of last week's turmoil when the markets were fearful for the European banking sector and as French bond spreads with Germany reached multi-year highs, the Swiss franc was a mere 70 pips away from parity against the euro.
After failing at its first attempt the SNB isn't taking any chances and is currently boosting its weaponry to try and weaken the franc. It is reported to be looking at a potential peg to the euro, negative interest rates and even targeting a floor in EURCHF and USDCHF that would formalize direct intervention in the currency markets once the Swissie reached a certain level.
Rather than rush into the Swiss franc when the going gets tough, investors now need to take a step back and consider if they want to fight the SNB. After near capitulation there has been a massive rebound in EURCHF, which has surged by more than 10 big figures as the franc sagged. The SNB is serious and will do all it takes to dampen buying pressure on its currency.

Japan Follows Switzerland
The Japanese followed suit quickly after the SNB announced its action. Investors crowd into the yen during periods of turmoil in the markets, particularly into dollar-yen, which has also reached record lows. But the Bank of Japan, having intervened in the past and had its fingers burnt, did not use the heavy tactics of the SNB and the yen has managed to keep hold of most its value. The Japanese authorities may have to take more action as exporters are already complaining about yen strength and some analysts think it will hit third quarter growth figures.

What It Means for the Markets
This has major market implications as central banks can intervene in the markets or lower interest rates to reduce upward pressure on their currencies without any notice as the SNB and BOJ have reminded us. While the outcome of central bank action can be different: it can have a major market impact like the SNB or end up more of a damp squib like the BOJ, it has one common feature – often central banks don't give warning.
Investors now have to try and price in the prospect of central bank risk. As we mentioned above, not only is the timing of the action unpredictable, but so is its effect. However, since a central bank can print money and it has direct control of the levers that affect a currency's value, investors need to take this risk seriously.
The SNB in particular, and the BOJ to a lesser extent, seem willing to use all of their power to break the association of their currencies with the safe haven label. This will have major market implications as there are no obvious successors to this much-maligned crown.
The sovereign debt crisis rules out Europe, the pound has its own fiscal fires to fight and the Pacific currencies- the Aussie and the Kiwi – are still too dependent on global growth to take the mantle. Emerging market currencies are also off the list they are either tightly controlled (like China and Singapore) or have also tried to reduce pressure on their currencies by implementing capital controls (like Brazil).
If central banks get their way then the traditional relationships in FX markets will no longer exist. An absence of safe havens in currency markets is likely to boost the attractiveness of Treasuries and gold in times of market panic. But FX will never become a purely "risky" asset class like stocks because of the way in which it is traded.

The Bottom Line
In FX, inevitably there is something going up. While the traditional safe havens may no longer be as safe due to central bank intervention risk, the markets will instead concentrate on relative value. This means more work for traders as they get to work trying to sift out the weak currencies from the strong.
For more research and ideas please visit FOREX.com today.

Disclaimer: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that FOREX.com is not rendering investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. FOREX.com is regulated by the Commodity Futures Trading Commission (CFTC) in the US, by the Financial Services Authority (FSA) in the UK, the Australian Securities and Investment Commission (ASIC) in Australia, and the Financial Services Agency (FSA) in Japan.

Read more: http://financialedge.investopedia.co...#ixzz1g9Zl6xRD

Monitor List
NZDJPY: actual 60.13, H4 up, Daily down, Weekly up, Monthly up or down, Range: 57-63.80
Preferred Charts: Trade the CCI Top & Bottoms at Daily and/or Weekly (#744)

NZDJPY, Daily, 2011 December 10