dành cho người chơi ngoại hối
FOREX CLUB LLC VOTED BEST BROKER TO START ON FOREX. 2005 – 2011 © FOREX CLUB LLC ALL RIGHTS RESERVED. 120 WALL STREET, 16TH FL, NEW YORK, NY, 10005 Intro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Technical Analysis . . . . . . . . . . . . . . . . . . . . . . . . . 5 FOREX STRATEGIES The Alligator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RSI - Relative Strength Indicator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Triangles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Channels . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Making a Trading System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Closing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TABLE OF CONTENTS 3 4 5 6 7 9 10 10 11 With its high volatility, deep liquidity, and sensitive nature, the Forex market is among the most rewarding and dangerous markets an investor can participate in. In the company’s opinion, the forex market is growing in popularity. Every day, more investors are placing that rst trade. The one attribute that separates the traders that burn their account in a short time and the traders that prosper is knowledge – knowledge of strategies, money management principles, technical analysis, and fundamental analysis are key to traders who hope to see a return on investment. What this guide aims to do is arm you with the knowledge you need to condentially trade on the markets. INTRODUCTION p. 4 WWW.FXCLUB.COM 1(800) 881-3809 All of the strategies in this guide abide by rules of technical analysis. Technical analysis is a method of estimating future price action by studying past price movement. The three golden principles to abide by when dealing with technical analysis are: • Price is everything • Price moves in trends • History repeats itself Technical analysts use indicators to determine which direction they believe the market will move. Indicators take past market information and apply complex algorithms to that information to digest lines on charts that can be simple to read, if you know what you’re looking for. TECHNICAL ANALYSIS p. 5 WWW.FXCLUB.COM 1(800) 881-3809 HEAD RIGHT SHOULDERLEFT SHOULDER NECKLINE BREAKOUT PENNANT BREAKOUT FLAG The Alligator Indicator is comprised of three Moving Average Indicators. Each line of the indicator represents a different part of the hypothetical Alligator’s heads. A blue line (which is a 13 period Moving Average moved 8 bars in the future) represents the Alligator’s Jaw, a red line (which is an 8 period Moving Average moved 5 bars into the future) represents the Alligator’s Teeth, and a green line (which is a 5 period Moving Average moved 3 bars into the future) represents the Alligator’s Lips. ALLIGATOR INDICATOR p. 6 The Alligator When the lines of the Alligator Indicator are jumbled together, the Alligator is sleeping. When the Alligator is sleeping, traders can assume that the market is currently in a range and should avoid trading. When the Alligator is awake, it stretches its mouth open in the direction of the current trend. When the Lips, Teeth, and Jaws are aligned in a certain direction, the bias is to open a position in that direction. WWW.FXCLUB.COM 1(800) 881-3809 The Relative Strength Indicator (or simply RSI) is a momentum indicator that determines whether a currency pair is overbought or oversold by comparing recent market gains to recent losses. By knowing this vital information, traders can determine if a trend has ended or reversed. RELATIVE STRENGTH INDICATOR (RSI) p. 7 70 30 RSI The Relative Strength Indicator measures current market momentum from a scale of 0 to 100. Two lines appear on the RSI indicator, one at the 30 line, and one at the 70 line. When the RSI line moves up to the 70 level, the currency pair is considered overbought. If the line is approaching 30, the currency pair is considered oversold. WWW.FXCLUB.COM 1(800) 881-3809 Support and resistance lines are psychological levels that form on the market. The lines themselves are invisible, and when traders trace them, they tend to be only approximate levels. A support line refers to a psychological level that supports price by keeping it aoat from a certain level. A resistance line is a psychological level from which price can’t push through, causing price to sink lower off said level. Price will do one of two things when it reaches a support or resistance line; bounce off it or break through it. SUPPORT AND RESISTANCE p. 8 WWW.FXCLUB.COM 1(800) 881-3809 There are instances where price converges to a single point. When this happens, traders can trace their support and resistance lines to draw triangles. Since price is converging, there is a 100% chance that price will penetrate the support line or resistance line. When triangles form on the market, traders tend to wait until a support/resistance line is penetrated, and then trade the breakout. TRIANGLES p. 9 SYMMETRICAL ASCENDING DESCENDING WWW.FXCLUB.COM 1(800) 881-3809 There’s an old cliché that goes The Trend is Your Friend. When traders spot trends, they tend to open positions in the direction of said trend. Since channels indicate current market trends, traders have a bias to base their trades off of. CHANNELS p. 10 UPWARD DOWNWARD Don’t forget that channels are just support and resistance lines. Every time price bounces off these support and resistance lines, the support and resistance that they offer becomes weaker. When price penetrates one of these lines, it initiates a time of excessive buying or selling. Opening a position after resistance is broken is called trading a breakout. WWW.FXCLUB.COM 1(800) 881-3809 . record with the NFA (NFA ID: 0 358 2 65) . Forex Club LLC | www.fxclub.com Voted best broker to start on Forex. 20 05 – 2011 © Forex Club LLC All rights reserved.. 100 05 Forex Trading (off-exchange foreign currency trading) entails signicant risks. Please read this section very carefully. There is no guarantee that