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Key Concept of Any market ::Support/Resistance and Demand/Supply

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What is Support Resistance : In any security or Instument, Support and Resistances are Price Levels or Zones at which Price Stops and tend to reverse in opposite Direction. So These are zones(in a price chart) where price test them a few times and fails to breakthrough. Demand and Supply : This is an economic term.  Demand Supply are relationship Bitween Sellers or Producers and Consumers or Buyers at Certain price levels they tend to sell or Buy.  If they are producers they got certain price levels in mind to sell for profit and if they are consumers they got certain price levels in mind to buy. Here Product in question can be any security, stock, Bond or Currency. If we try to define supply and demand then Supply and Demand defines an asset or asset class.  Here we will use Currencies as asset class or a currency as an asset. Supply refers to the amount of an currency(s) that is available while demand is the quantity of a currency that people are willing to buy...
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How to trade in the currency markets : ABC of trading

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Currency market is called forex market, in short fx Market.  But how it is structured.  Currencies are traded in pairs.  Historically Most popular pairs are called Major pairs they are, 1. eurusd, 2. gbpusd 3. audusd. 4 usdchf  5. usdjpy 6.usdcad above are the most traded pairs in the world.  There are also other cross pairs they are naturally called fx cross pairs.  mainly eurjpy, eurgbp etc. are pupular, there are hundreds. If you notice, all above pairs got on currency common that is USD, the Single largest Currency in the world!! Second largest is the euro currency hence most traded is the eurusd pair, currencies are traded in pairs as it provides simple buy sell for each currency. When you buy eurusd you are buying euro and selling usd.  When you are selling eurusd you are selling euro and buying usd...It's quite efficiant hence they are traded in a combination of two currencies.  There is also less traded pairs such as nzdusd(som...
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The Trading system : The Currency Market MAP

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In the Years of trading, I have aquired a lots of knowledge about how to go about trading the currency pairs.  There are historically Old pairs that are called major currency pairs, The Top pair is the 1. EURUSD, as both euro and usd are the major currencies of the world.  Rest of them are, 2. gpbusd  3. audusd 4. usdjpy 5. usdchf 6. usdcad Most brokers group them together as major pairs, like one of my broker as below, In years after trading I have devised several systems to trade the currency pairs or the Forex markets. First and foremost always keep track of eurusd. In the following screen I got some of them laidout int the screen and choose one to trade at a time. Sometimes may take several together depending on the setuation. , In above group I hv laid out usdchf, eurusd, eurjpy, audusd and finally gbpusd.
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Trend is your friend : Can you detect change in trend..

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I have mostly traded the most liquid pair eurusd.  I can do the same with others but for example here Im showing eurusd only. Checkout  the following charts and Is it possible to detect trend change. Please remember this is the key part of my research for trading almost everyday that I do!!, Here is a metatrader 4 1 Hour chart of one of my broker!! Please carefully review the charts of eurusd above.  This is how I detect trend change in a currency pair, here eurusd.  Can anyone verify what I'm trying to do.  You won't find this in any trading related book, only experience shows you the way!! I will try elaborate it in a later date(on this page), for now I will have to go....
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Forex Trading : Earn the way you can afford to like it!!

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My Early days of my trading career!! I have been into Currency or Forex Trading since 2003.  But It all started in 1994 while I went to study computer science in USA.  I was living in Houston, Tx, USA.  But for Summer(each year) I used to go to New York.  Here One day I have met one trader that had become a good friend of mine(under some circumstances!!)  and One day, he invited me to his Firm/Company where he is a salaried trader. I was just there to do some small work for $6.5/hour.  I will not deny it, but I was their busboy, Get their foods from the local restaurants, fast food joints etc.  Also doing some other work for them for an hourly pay!! At that time I had no idea what trading is, let alone forex trading, which was automated at that time in NYC. Later slowly learnt a lot from them about how they do the currency trading, mostly USD related pairs i.e. eurusd, gbpusd etc... As I was very busy with studies could not pay much attenti...
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