Forex: Amazing Profits From Momentum Position Trading

When the market explodes out of a channel, either rising above resistance or dropping below support, use the momentum technique with the MACD. This is generally a position trade, lasting several days or even a month. While you’ll pay a small overnight renewal fee (with most brokers) to keep the trade active, these trades generally bring in enough pips to make holding the position well worth your while.

Moving Average Convergence/Divergence (MACD) is a popular indicator tha…
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When the market explodes out of a channel, either rising above resistance or dropping below support, use the momentum technique with the MACD. This is generally a position trade, lasting several days or even a month. While you’ll pay a small overnight renewal fee (with most brokers) to keep the trade active, these trades generally bring in enough pips to make holding the position well worth your while.

Moving Average Convergence/Divergence (MACD) is a popular indicator that works well in momentum markets. MACD (pronounced mac-d) plots three different exponential moving averages, and displays them as two lines of different colors that criss-cross atop the chart itself or within the window below it. One line is the MACD itself; the other is called the signal or trigger line.

The MACD also plots a histogram, which is a sort of bar chart in the window below the currency pair’s price chart. On the MACD histogram, there is a line that signals the zero point, called the centerline, and the bars of its chart rise and fall above and below that centerline like a wave. The histogram illustrates the difference between the MACD line and its signal line; when they cross each other, the histogram will read zero.

If your software platform wants you to set the configuration of the MACD, the most popular settings are 12 and 26 for the indicator itself and 9 for the signal line. Experiment to find what works best for you and your own trading style.

Like the RSI, MACD can indicate when a currency pair is overbought or oversold. There’s no specific number to indicate this, but when the lines of the histogram get really long, that’s a good hint that a reversal could be near.

Again like the RSI, MACD can indicate divergence. When the price reaches a new high or low but the MACD line doesn’t, that could mean the momentum is weakening. Again, a reversal could be near.

The technique

When the MACD crosses its signal line, that’s an entry signal in the direction the MACD line is going. If it falls below its signal line, look to see if a short trade is feasible; if it rises above it, go long. This signal is considered especially strong if, shortly after the crossover happens, the price of the currency pair breaks above resistance or below support; that could signal a big move.

Be aware that the MACD is a lagging indicator, so its signals won’t call the absolute highs and lows for you. That’s why it’s not helpful in a range-bound market: if you base your entry points only on the MACD, by the time the indicator catches up to the current price, the price may have risen or fallen so far within the channel that there’s no longer enough of a trade left to be profitable.

When using the MACD in a momentum market, where price has broken through support or resistance and is reaching new highs or lows, the MACD signals may start showing divergence, indicating the trend is weakening when perhaps it really isn’t. In that situation, watch the price chart itself, and compare what it is telling you to what the indicators show.

For example, let’s say the GBP/USD has broken out above resistance and is reaching new highs. The MACD signaled the break by crossing over its trigger line, but as the price continues to rise, the MACD doesn’t reach new highs, indicating divergence, and you wonder if the trend is weakening. Meanwhile, the price continues to rise.

Should you bail out? No. Watch the chart.

As the GBP/USD continues to rise, it will fluctuate in short- and intermediate term trends, going down a bit then rising again. This is called market jitters, or swing lows (if the currency pair was falling, they would be called swing highs). Don’t let it bother you; it’s perfectly normal.

Notice that each new swing low is higher than the one before. The market doesn’t swing down so much that the long-term trend changes; it just retraces itself for a while, then resumes its climb. It looks rather like someone dribbling a basketball up a hill, each dribble higher than the one before. (You do, of course, have your stop set far enough away that the swings don’t trigger it and kick you out of a profitable trade. Hopefully your broker offers a trailing stop, so it rises to follow as the price goes up, locking in your profits.)

Wait for that pattern to change. When a swing low goes lower than the previous one, that’s the bail-out point. Close your trade, then sit back and calculate your profits.

Those Amazing Citibank Credit Cards

Citibank credit cards are a great choice for consumers to consider and are some of the leading credit cards in the business. Citi credit cards are available in many different types, from business cards to cards designed specifically for college students.

When you need a credit card, go for Citibank credit cards. Why a Citi credit card? A Citibank credit card is credit in your pocket. The Citi Group Corporation has issued over 145 million cards in more than 40 countri…
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Citibank credit cards are a great choice for consumers to consider and are some of the leading credit cards in the business. Citi credit cards are available in many different types, from business cards to cards designed specifically for college students.

When you need a credit card, go for Citibank credit cards. Why a Citi credit card? A Citibank credit card is credit in your pocket. The Citi Group Corporation has issued over 145 million cards in more than 40 countries, making it one of the most successful credit companies in the world. Citibank credit cards offer many built-in benefits to their credit card customers. These benefits include enhanced security for credit card transactions, plus banking, money management, and travel services. For more information about these benefits see Citi credit card applications, the section on terms and conditions of offers. The various Citibank credit cards are tailored to meet the specific needs of different customers, such as frequent travelers who can get various travel and air mile rewards by using Citi credit cards.

Now you can apply for Citibank credit cards and get instant credit card approval online. The online credit card application is easy to use and secure. When you complete and submit it, if it is a reward card, you start earning rewards on your credit card transactions. From American Airlines awards to college savings, Citi credit cards offer a wide range of rewards and savings options. With Citibank being such a popular credit card issuer, many people are demanding the new cards from this bank. Also, many Citibank credit cards have no annual fees, and the credit cards have a $0 liability policy. Citi credit cards are a great choice for those who like to be rewarded on what they buy. Citi credit cards have a lot to offer for consumers who want their credit card to work for them and their cards also offers cash back and other rewards-based cards for students, consumers, and businesses. Citibank is well-known for its wide variety of credit card offers to both consumers and small businesses. The CitiBusiness card gives you an easy way to manage your expenses. The card also offers access to a free rewards program, top-notch credit card tips and advice to help you save money. Let the credit card help you grow and expand your business with quality services you can rely on from Citibank. Citi is dedicated to keeping its customers safe from identity theft, has several safeguards available and as previously noted, cardholders are not responsible for fraudulent purchases made with their account. Citi will contact cardholders if suspicious activity appears on their account, making it easier to stop credit card fraud before it gets too far. Citibank offers so many great benefits that many consumers have at least one Citi credit card in their wallet.

With so many different Citibank cards on the market, they literally offer something for everyone and their credit cards are packed with features like Identity Theft Solutions, 0% APR and free reward programs. Citi credit cards are the only ones that let you request a balance transfer in the form of a check to yourself. Without a doubt, Citi credit cards are a great choice for those who like a low apr and great rewards and may be the next card you select for your financial portfolio.

How Forex Software Can Help You Make Amazing Results

In today’s society, money is one of the most important factors that you need in order to live a comfortable life. You also need money to feed your family, to pay for food, to buy gas for your car and also to purchase the things you want in order for you to live a comfortable and contented life.

Since money is a necessity in life, you need to know how to earn money. Some people working for a company trade their services for money while others prefer putting up businesses to…
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In today’s society, money is one of the most important factors that you need in order to live a comfortable life. You also need money to feed your family, to pay for food, to buy gas for your car and also to purchase the things you want in order for you to live a comfortable and contented life.

Since money is a necessity in life, you need to know how to earn money. Some people working for a company trade their services for money while others prefer putting up businesses to earn the money they need.

However, there is another way to make money and a good one at that. There are some people who trade money for a living in order to make a sufficient amount of income. Some are very good at it that they actually made millions of dollars in a very short time.

This kind of trade is called Forex trading. Forex is the largest and the most liquid financial market in the world that operates 24 hours a day and generates monetary exchanges that amounts up to 2 trillion dollars in a single trading day.

Unlike the stock market, the Forex market has no centralized location. Markets open and close at different parts of the world which means that it is open 24 hours each day. Trade starts in Australia and ends the next day in New York.

It is a fact that the Forex market is one of the best money making financial markets in the world. There are people who made millions of dollars in the Forex market in just a short period of time. The Forex market is considered as one of the best career that you can ever get in to. Some people are known to have quit their regular jobs and ventured in the Forex market to get a piece of this very large pie.

However, with all the great money making opportunities that you can take advantage of in the Forex market, you have to realize that the risk of losing money is equal. You have to consider that the Forex market is equally risky as it is profitable. It is a known fact that many people who have also ventured into this very large financial market have lost a lot of money and some even suffered huge financial losses. This is why you should think hard about it first before you even consider entering this financial market that offer huge potential to make money and also equally risky market.

In order to be successful in this financial market, you should have the right knowledge and skills to trade currency. The basics of a Forex market is that you should buy low and sell high in order to make a profit. However, there are also different strategies involved in the Forex market. You should also have this knowledge in order for you to trade efficiently and minimize the risk of losing money.

Thanks to the improvement and the advancement in communications technology, everyone who has the money and the skills to trade in the Forex market can now trade online right in the comforts of their own home.

To start trading in the Forex market, all you need is a fast computer that you need to dedicate in your Forex trades alone and a fast internet connection to avoid lags in updates in prices. You will also need a software program to assist you with your trades in the Forex market.

You can obtain the software when you register and open a Forex account with your preferred Forex broker. The broker or the brokerage company will provide you with either an online software program or a software program that you need to install in your desktop computer first.

You have to realize that you first need to determine if the Forex trading software is right for you. You have to determine if the software has all the necessary things to assist you with your trades. For example, a good Forex trading software program should enable you to see real time charts, real time price updates, and also the different tools you need to effectively trade in the Forex market.

These are some of the things you need to know in order for you to effectively trade in the Forex market. With the right knowledge, skills, and the right Forex trading software, you can be sure that you will increase your chances in making a profit and decrease the risk of losing money.

The World Cup Is Drumming Up Amazing Amounts Of Finance This Summer

World cup fever for 2006 is predicted to be more intense than 2002, with the advertising industry tipped to see higher sales than previously, with estimated spending on marketing reaching Ј300m during the tournament. The Centre for Economics and Business Research has stated that there is likely to be a spending boost of about Ј1.25 billion which will be pumped into the UK economy as a result of fans purchasing World Cup related memorabilia, replica team kits, sports equipment…
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World cup fever for 2006 is predicted to be more intense than 2002, with the advertising industry tipped to see higher sales than previously, with estimated spending on marketing reaching Ј300m during the tournament. The Centre for Economics and Business Research has stated that there is likely to be a spending boost of about Ј1.25 billion which will be pumped into the UK economy as a result of fans purchasing World Cup related memorabilia, replica team kits, sports equipment, and expensive flat-screen televisions in order to get the best view of the important matches. The pub, club and off-license trade is also expecting to heavily reap the rewards of the competition through vastly increased custom especially to pubs across the country, of around Ј285million if England can make it through to the semi-final.

According to a report from the Halifax, many more responsible children are using the forthcoming World Cup as a spur to help them embark upon an encouraging savings blitz, with a view to then blow it all on World Cup souvenirs. Managing director of banking and savings at Halifax, Peter Jackson, said: “It is encouraging to see that children have a positive attitude to saving and that solid habits are fostered early.” He also stated that, “Children are choosing to save their money in bank accounts so that they can afford expensive purchases, such as World Cup souvenirs and memorabilia.” Moneynet’s online money comparison site (http://www.moneynet.co.uk/news/banking-saving-kids-saving-up-for-world-cup-17116219.shtml ) has an article telling of the surge of children looking to set up bank accounts on the run up to the world cup.

As well as the obvious hard cash that can be accounted for as a result of the world cup there is also the not so obvious cash flow online due to the world cup. Websites are set to see a big boost in traffic due to the world cup. The Barclays bank accounts (http://www.barclays.co.uk/currentaccount-index/ ) page is expected to see a big rise in hits on the run up to the world cup. Absolutely everyone is cashing in on the world cup this year.

With such a colossal amount of money being generated by football, it’s hard to see where business ends and the game begins.