Forex Trading Strategies - Enrich Your Trading Arsenal

By Steve Maenshel

Forex trading strategies are essential for a trader. A trader should know when to be Bullish or to be Bearish. Forex trading strategies help you analyze the market and to take the last step of your analysis - to buy or sell a contract. This is the most complicated part of the whole process. Determining the time of the opening and closing of positions should be as accurate as possible.

Forex trading strategies in combination with technical analysis is usually used, especially to determine the time of entry / exit. Most often, a decision is made within seconds or hours.

Main Forex trading strategies are:

1. Scanning the resistance and support

Forex trading strategies include tracking the Support and Resistance levels. Break of the Resistance can become a signal for opening a long position (Buy), which can then be protected by a stop-loss order. You can place the stop-loss a little under the level of a break, which will now become the level of Support. Prices ascending up to the Resistance in a generally declining trend, as well as prices declining to the Support with a generally ascending trend can be an indication to open new positions.

2. Scanning for the intersection of trend-lines

Most important is the intersection of a proven and several times checked trend-line, which would allow a trader to enter / exit early. At the same time, it is better to also keep an eye on other technical indicators. If you are using the trend-line as your Support / Resistance, buy when prices fall to a solid upward trend line and sell when prices rise to a solid downward trend-line. This is one of the sound Forex trading strategies.

3. Breaks

Forex trading strategies usually include 3 main options to trade in the break:

- Open a position in advance, in the anticipation of a break;

- If you see that the break occurred, trade for the rollback, virtually inevitable after a break.

- Wait for the inevitable roll-back after the break, because in the market after a break, there is usually a correction.

Forex trading strategies in this case can include a combine approach - a trader can open one position in each of the three phases. You can open a small position before the break, then buy another position immediately after the break and, finally, open an additional position at the time of a small fall in prices during the correction, following the break.

4. Trading with positions of various time frames

1). Holding a long position- for days or months - (is a moderately safe one of the Forex trading strategies, based on time-frames). It is best suited for strong trends. For best results, also look at the immediate options. Since this is a long position, you should also use fundamental analysis.

2). Holding a position of a medium length - a few days (the safest of the Forex trading strategies, based on time-frames). It is also desirable to ensure yourself by looking at shorter trends. Analysis of the medium length position is more complex, but such positions are much more stable for profit. Of course you need to choose the right moment to open / close a position. Again, these positions require the use of both - technical and fundamental analysis.

3). Forex trading strategies, based on short positions, i.e., ranging from several minutes to several hours. Fundamental analysis is in fact useless in this case, so you can fully concentrate on the technical analysis. The price will not change unexpectedly at your absence, because you'll be constantly following it. However, risk of losses is very high, making short-term positions more suited to professional traders, and not for beginners. Another drawback is that you'll have to have focus on the prices throughout the whole day. Try to also use the volume indicators, which will help more accurately determine the direction of the market. Also, this type of position is good for trade in breaks, and rollbacks. Generally, these positions are not very suitable for the novice trader; a novice trader is better to stay with medium-term trends.

Sound Forex trading strategies will aid you in finding the best times for your transactions. Sound Forex trading strategies remain useful for decades. - 23305

About the Author:

About the author: Steve Maenshel has been a professional trader for ten years. He can help you understand forex trading strategies. For more forex trading information, visit his forex resource center.

Retirement Social Security Benefits?- You Need to Read This

By Lawole Johnny

The retirement age is the main element that influences the access to the social security benefits. Thus, there are several categories of retirees, some who were born before 1932 and retired at 65, others born between 1938 and 1943, with the retirement age set at 66, and finally another group of people born starting with the 60s who have the retirement age set at 67 years of age. This means that if one retires before time, the social security benefits drop with several percents depending on the age.

The same rule applies for delayed retirement too when the employee can increase the number of social security benefits with several credits, that can be then used by the spouse in case of death. From 2000, the US legal system allows for a worker's spouse and children to receive social security benefits, but depending on the situation, individual conditions can be identified here as well. In case of death, even divorced spouses can receive social security benefits. Disabled people can also receive various disability benefits when they have a long enough work history.

A legal hearing is usually appointed before determining whether the disabled will receive social security benefits or not. The number of applications for social security benefits is incredibly large which often makes it difficult for the Administrative Law Judges to cope with the hearings. Sometimes, it may take up to ninety days before a request is solved in a hearing. Yet, waiting times can increase up to eighteen months in some parts of the country, and such cases are the least fortunate of all.

A higher monthly revenue and a tax-free income, these are the two main advantages that come with social security benefits. During the period in which you qualify for disability services, your status is not that of an employee. the average earnings over the last 30 years will actually determine the amount of money you will get. A problem these years is the increase of the number of applications for social security benefits due to the world financial crisis.

The extra retirees are in fact putting more pressure on a system that is already seriously tried by recession. In fact, there are 150,000 more applications for social security benefits filed every year. These benefits have actually become a safety net during the recession as the chance to get a job decreases with age. Someone who closes retirement will hardly be interested in more education or be able to continue work once he/she has become unemployed. - 23305

About the Author:

To discover more concerning financial retirement planning, Retirement Planning Advice, or Investing For Retirement tips, visit my blog for more great tip about Retirement Income Planning, to learn how to start saving and investing for your retirement today.