New Forex Trading Strategy

Tuesday, December 1, 2009

Choosing A Forex Signal Provider - A Look At Win Percentage

By Tom K Kearns

Are the better traders closer to 100% winning trades, or is that just the way it seems? In contrast, the closer the traders are to 0%; it would seem that they are worse. There is more to trading than winning the most possible trades, even though that seems peculiar. This article will hopefully help fill you in on why I would argue that a 95% win rate is infinitely worse than a 65% win rate.

Our first look will be at those traders with a low win rate, say those with a classification within the 0% to 40% range. If the trader falls closer to the 0% rate one would think him to be a genuine loser. In truth, most in this category are losing traders. But you will sometimes see a trader trying to snag really large moves with really tight stops. This guy may show an extremely low win percentage but could still be a very successful player.

The next range is from ~40% to ~70%. This is the range most winning traders will be in. The reason these traders win is not because they pick a ton of winning trades and rarely have a loser. They may in fact have more losing trades than winning trades. The reason they are able to win is that they properly manage their trades once they are open. They use reasonable stops that will often be executed. This obviously results in a losing trade, but a small loser. These small losers are only a fraction of the size of their winning trades. These are most often the traders that have the ability to cut their losses but let their winners run. This seems like a simple concept, but very few traders have the discipline to actually do it.

The last group are those with a very high win % (over 70%). It seems the closer to 100% these traders get, the more people want to trade their signals. Unfortunately the opposite is probably the correct play. These traders win an incredibly high amount of the time because they often take profit off of the table as soon as it appears. This strategy is fine if you also plan to cut losses in that manner. But traders with 95% win rates and above do not have this strategy in mind. Rather than accepting a small loss and moving on with their day, they will let a loser run indefinitely and even add to that position in many cases. This eventually wipes out months or more of winning trades all at once and in the end has no chance of success. One 500 pip loser wipes out 500 one pip winners. Keep in mind that this trader would have well over 99% winning trades and still be an over all loser.

Do not think for one minute that the reason for this article is to convince you that no trader outside the specified ranges is automatically a losing trader. I'm quite sure that there are traders that are successful with a win percent falling outside of the above ranges. The point of this article is to lead you to thoroughly investigate the trader with the 95% win rate as he could implode upon himself (and you) at any minute. - 23305

About the Author:

How To Pick An Affordable Dream Properties

By Billy Chen

How do you think about buying your first home, and always in self-evaluation, what property you can afford and what property you want. If the answer to the first question refers to the orientation of the shopping and then start the search, the closer you are planning on moving your dream home.

Sometimes it is difficult to choose between staying put as a renter and making that purchase decision.Fortunately there are always indicators you can count on to check if you are indeed prepared to make that all important decision.

If you are young and relatively new to the workforce, you will naturally to finance a mortgage for the purchase. So it makes sense to compare prices and choose a more attractive mortgage lender's expression. You must know the basic costs associated in connection with the purchase of the house. In this way you can ensure this property, which is observed, is certainly within reach.

First-time homebuyers tend to the first request for a minimum of potential depreciation in the value of the insurance ignore at home, and transaction costs associated with domestic acquisitions. Other things that often reflects the cost of living in the house can be used for the maintenance, relocation and sale of, get a lot of accessories.

Once you have sorted the financial aspect to consider plan to purchase your home, then on their own previously occupied house or a new one. There are no right or wrong answers, so long as it works for you, then do not go flat.

You will be tempted by the sleek furniture and state-of-art equipment and a freshly painted room, are delivered in a newly built house. On the other side of the coin, tastefully decorated home accessories and add value to existing good neighborhood houses.

It is never just another day in the office. There are going to be simply too many questions in tackling this task. If not handled correctly, it may lead to dire financial situation. For example you don't want to fall behind on your mortgage payments as the huge debt would place severe stress on you.

You will have to learn to live more prudently so your finances would not be unduly taxed. Buying and owning a new home can be a tiring process. You will find yourself constantly working on your finances and at the same time, you will be overwhelmed by the repair and maintenance cost.

But always remember to gauge your next home according to its affordability, and not judge it on what you want. Instead you should pick a dream house among those that carry affordable price tags lest it won't upset your family's finances. Taking care of the long term housing need for yourself and your family is obviously noble, and it should be one of the more important priorities in you to ensure a peaceful, normal family life. - 23305

About the Author:

Giving Real Estate Eco-Friendly Materials a Second Look

By Jason Myers

With the effort to go green and guarantee a fighting chance against the devastating effects of global warming, a number of realtors have gotten into the industry of selling earth friendly materials. But typically with business, there are a number of people out there whose sole purpose is to earn money. Therefore you as the consumer on the other end has to exert extra caution.

Primary factor you need to do is to search for some knowledge about the materials. Get to know about what you are shopping for before you go and do the actual purchasing. Assess the durability of the said supplies and establish whether they are engineered to endure the forces as ecological materials are often made to last.

Make sure that the materials are also safe to use. They should not only be friendly to the earth but to you also and anything below that is measured not appropriate.

It would be wise to additionally think about how authentic the materials are. Usually, there has to be some mark of quality that will guarantee full functionality and protection of the materials. Getting a second opinion from an expert or from someone that has utilized them before is often advised because it puts you in a better position of making a better decision.

The list of ecological materials is not too long, and armed with the proper kind of knowledge you may be able to compare the good from the bad.

Some of the most common consist of solar panels, recycled tiles, bamboo for substitute insulation, hardwoods for flooring and many others. Its better if you can get your hands on a handbook on how to put the eco-friendly materials into function as in most instances, it is easier said than done. Playing your role in protecting the environment may not appear very big of a deal in the first stages, but it does pay off in the long run. - 23305

About the Author:

Are You Investing In China?

By Michael Swanson

The China economy is growing, without a doubt. China stocks are rising. How much is an important question for everyone in the world. With all economies being global, increases or decreases in the growth of one country will affect all the others.

The Chinese economy, in terms of its GDP, is said to be growing at a rate of around 10% a year. There is some concern that this growth comes at the expense of other countries in the world because it is buying up all the available natural resources possible. This ability to buy up whatever it needs has influence on a global level.

Statistics are always tricky things. They can be massaged and combined to make you view a situation in a particular way. But consider this. The GDP of China is not only growing at around 10%. The ratio of government debt in China to GDP is only 20% compared to the U. S. Which is over 60%. This ratio makes the economy in China even stronger.

There is some concern, however, that the growing economy in China could result in the same economic crises that we have been experiencing in the West. It may cause rising inflation as well as consumers extending their credit well beyond their ability to repay. The resulting bubble may create the same economic downturn experienced elsewhere right now, particularly in America.

China also needs to be concerned about markets for the goods it is producing. One result of the economic situation in the West has been a decrease in the amount of goods imported from China. If China is to continue growing economically, it needs to have markets for Chinese products.

This is actually good news for America as it makes it extremely unlikely that China will cause problems with the amount of U. S. Debt held. China is also the owner of more American debt than any other country. If they choose to sell the treasury bonds which they hold, the effect on the American economy would be disastrous. But, for them to depress the American economy further, would only result in less exports for China.

Suffice it to say that, at present, the China economy is growing and will likely continue to do so. For how long it can continue is going to depend, at least partially, on the global economy. - 23305

About the Author:

Applying for Scholarships and Grants

By Jake Green

Let's suppose that you have a teenager who will shortly be graduating from high school. You will be proud of course, the same as any other parent. whose child is graduating from high school. It is one of those milestones of life that they have successfully passed, in spite of all the financial problems that you have probably experienced. It is time to be happy, for you have fulfilled your role of giving your child a brighter chance in life.

Bill Gates has formed a institution with his wife Melinda Gates to spread the endeavor to help lowly students of different communities. The institution provides funding for students who are coming from very low income families. They have named the scholarships as Bill Gates Scholarships. The students from different ethnic groups like Native Americans, African Americans, Hispanics and Asian and Pacific Islanders are privileged under this scholarship. There are various scholarships based on the need of each module.

At this point, you need to begin thinking about how you will pay for the courses of your college-bound child. With the increasing cost of tuition fees, you need to plan ahead well of time to avoid any problems, especially if you not well-off. You probably already know how difficult it is to have to deal with the increasing costs of your child's high school education before. The earlier you start thinking about your child's college education, the less you will have financial problems later.

Gates Millennium Scholars Program is the main attraction for students. It is given to students who are excellent in their studious subject but are from low income families. The institution does not insist a lot of form filling process to provide these scholarships.

Need is the main eligibility criteria for the scholarship. If a student scored low but has the strength to make good result, he/she becomes adequate for the scholarship. The current score will not become a barrier for giving the scholarship.

A Scholarship: Despite the fact that scholarships are mostly meant for students who have the 'brains' but not the 'money', not all college scholarships are intended for academics. Students who do not have the best academic record can still qualify for many other college scholarships. There are college sports scholarships, community service work scholarships, social involvement scholarships and many others. These are just a couple of the different types of scholarships for your child if he / she is not that academically talented.

'Student Loans': these types of loan have much lower interest rates compared to other sorts of loan. Some loans are off-set, which means that the interest does not accumulate until a student finishes college. Moreover, these loans do not require collateral, and therefore, you do not need to worry about putting your own home up as collateral against the student loan for your child. Most of these loans are available on different repayment plans at low interest rates and low monthly installment payments.

The students can get an on campus job or try to get any other scholarship in addition to the scholarship provided by Gate institution. This will relieve them from the burden of student loan and can peacefully complete the module. - 23305

About the Author: