HVMM (High Velocity Market Master)

I'm sure you know by now that you don't have to trade all day to see your account grow. Even if you consider yourself a day trader, it doesn't always equals 8 hours of full-time trading. After many years of trading, I've figured out that the key is having the right trading rules and a system that you can trust so you're not strapped to your computer all day taking the wrong trades. No tricks just the right ‘evil plan.' See how using the HVMM strategy brought in $750 per contract in just over 30 minutes:

HVMM (High Velocity Market Master)

In the video the guys over at the HVMM headquarters revealed that trading Crude Oil Futures, can be ideal in particular for those with some trading experience. But, even if you're not an experienced trader, the nice thing about the HVMM is it doesn't discriminate. You can trade any market you desire and any time frame.

HVMM (High Velocity Market Master)

Find out how. Make sure you're registered for the HVMM Premier Tuesday September 1st at 9:00am EST/12:00pm PST/ 5:00pm GMT.

HVMM (High Velocity Market Master)

I'll be there waiting to hear your name called as the winner of their blog
contest. Oh did you catch the trade tip in this latest video? Don't forget
to post the answer in the blog comments! You have to participate in the blog contest and ATTEND the webinar to be in the drawing for the first copy of the HVMM before it's even on the market. You'd better reserve your seat now:

HVMM (High Velocity Market Master)

Money Management in Forex Trading

Think about it, many forex traders spend most of their time trying to figure out when to trade. Proper money management is by far the most important factor in achieving success if for whatever reason you are set on becoming a forex trader. Many traders ignore the importance of proper money management. This is surprising given that money management is the only thing a forex trader can control. Instead of thinking when to trade, forex traders should be thinking how much to trade. There is no guaranteed way to make money.

Forex market is highly unpredictable and ruthless. Forex market is bigger than you, bigger than me and smarter than definitely all of us. Even the best and the brightest are wrong more often than they are right. We are bound to be wrong many times and make mistakes. Many people think that trading requires lot of risk taking. The biggest misconception many people have about traders is that they tend to take a lot of risk to make huge profits. You always control risk with proper money management techniques. This enables us to weather sustained drawdowns and live to trade another day.

All traders must know before hand how much they are willing to risk when trading a mechanical system or trading in a discretionary fashion. In reality great traders aim to minimize their risk relative to their returns at any given moment! Most of us exit the trade depending on our pain threshold level. All too often traders choose an arbitrary numbers that have little to do with proper money management. Ask yourself these questions before any trade: How do I determine my position size? How do I set my stops?

Loss is painful. It increases the level of stress for you. We all are afraid of losing. Our innate fear of failure makes us place too much importance on not to lose. Instead we should be giving more importance to learning how to manage our losses comfortably. Are there any good money management rules? Yes, good money management rules exist and the best way to see if your money management rules need tweaking is to look at your results. The good thing about money management is that it is easy to learn and implement. It just requires some discipline on your part.

For example, you should consider taking smaller positions to mitigate the risk of ruin if you consistently post large winners and losers. However, you consider taking slightly larger positions if your losers are substantially smaller than your winners! The longer you will stay in the market the higher the chances of hitting the home run trade. Longer term success in trading is achieved by accumulating steady profits and occasionally hitting the home run trade. With proper money management you can maintain the all important risk-reward ratio and hit home run trades more often.

Flexible Forex Trading

Flexible forex trading is what you need to survive the forex market in the long run. Learn to be flexible when trading. Flexibility is critical for you if you want to survive in the forex market long term. Flexibility in trading means giving you options. Options to enter into a trade! Stay in it and get out of it.

Trade only one big lot and you essentially remove options from your table until you are faced with an all or nothing trade by becoming overexposed to any one position. Your survival is measured in days not years in the forex world.

Never ever trade without a stop loss in place! This is the most important risk management lesson. However, most of the time you will get stopped out of the market too soon! Most traders have had the frustrating experience of getting stopped out. Only to see the market return back to your entry point some times later on in the day. The only way to stay out of such situations is to stay flexible and trade multiple lots.

How do you test the markets? By making multiple entries! You should consider your initial entry as your toes testing the temperature of the market. If you find it too cold, then you should sit it out. By trading only one lot you are betting that the market will move 50/50 in your favor.

Just jump right in if you find the temperature right. Multiple entries gives you the flexibility to properly position yourself for the move or pull out with a small loss if your analysis proves correct by trading small until you think you have all the information and confirmation you need.

Learn to trade in multiple lots with multiple entries and multiple exits. Trading this way also means missing out on far fewer since pulling the initial trigger becomes less painful making the decision process much less stressful trades when compared to the all in one approach.

Dollar Benefits on U.S. Economic Data; Today Traders Focus on the U.S Unemployment Claims

The U.S dollar gained ground Wednesday against the EUR and the British pound, after strong data on orders for new U.S.-made durable goods and new home sales comforted expectations of an improvement in the economy. The greenback traded higher after the durable-goods orders report said orders for July rose by 4.9%, the largest increase in 2 years. Investors will be watching for the new U.S. jobs report today before making significant moves.



USD - Dollar Rises on Signs of Economic Recovery

The Dollar rallied yesterday against most of its major counterparts after data suggesting the slowdown in the U.S. housing market has bottomed out. A better-then-expected result gave further support to the U.S. currency. The Dollar has been sold off recently partly due to growing optimism regarding the state of the U.S. economy. The USD finished yesterday's trading session about 50 pips higher against the EUR at the1.4249 level.

Yesterday's main U.S economic event was the New Home Sales data. New U.S. home sales hit its highest level in 10 months in July. Orders for Long-Lasting Manufactured Goods also surged yesterday and are interpreted by traders as fresh evidence of a modest economic recovery. Sales of "New Single-family Homes" rose by 9.6% from June, the highest rate since September. It is in fact the biggest percentage gain since a matching increase in February 2005, another indication that housing activity had stabilized after a three-year slump.

Looking ahead to today, there are few important news releases coming out of the U.S. These include the Prelim GDP and Unemployment Claims at 12.30 GMT. Traders will be paying close attention to today's announcement as a stronger than expected result may continue to boost the USD in the short-term. On the other hand, if the results turn out to be lower than forecast, then the Dollar may record a fairly bearish session in today's trading.

EUR - EUR Records Mixed Results against the Majors

The EUR finished yesterday's trading session with mixed results versus the major currencies. The 16-nation currency extended gains versus the Sterling on Wednesday, to trade above $0.8775 amid a broad sell-off in the GBP. The EUR experienced similar behavior against the CHF as the pair rose from 1.5185 to 1.5220 by days end. The EUR did see bearishness as well against the USD as it lost over 50 pips and closed at 1.4249.

A leading indicator released yesterday from Europe was the German Ifo Business Climate report. Germany holds the largest and strongest economy in the Euro-Zone, and thus the relevant publications from this economy usually have a hefty impact over the EUR. This indicator jumped to 90.5 in August from 87.4 in July, above economists' expectations. Analysts said that this is a plus for the European economy, and it's a sign confirming that the real economy is starting to get out of the period of freefall.

Sentiment in the Euro-Zone economy has brightened in the past month following better-than-expected news. The EUR is showing signs of resilience even though there was volatility throughout non-Euro crosses. It will be crucial for traders to identify how the preceding economic indicators from the U.S., Japanese, and other key economies will affect their positions.

JPY - The Japanese Yen Extends its Bullish Run

The Japanese yen rose for a second day against the EUR amid concerns financial losses will delay a recovery in the global economy, boosting demand for Japan's currency as a safe haven. The Yen also rose to a 5-week high against the British pound as a smaller-than-expected July trade balance data from Japan prompted investors flee from riskier-assets.

The outlook for economy in Japan is still doubtful as Japan's export slump deepened in July, indicating the boost in demand that helped pull the country out of its recession last quarter may be short-lived. Shipments abroad fell 36.5 % from a year earlier, steeper than June's 35.7% drop.

Crude Oil - Crude Oil Falls 1.4% on U.S Inventory Data

The price of Crude Oil fell 1.4% or $1.00 to $71.20 yesterday, as the latest inventory numbers from the U.S. Energy Information Administration (EIA) showed an increase in crude oil stockpiles. The EIA reports that U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased by 200,000 barrels in the week ending August 21, from the previous week.

Crude Oil also declined on concern China may cut back on industrial investment, slowing demand for fuels in the world's second-largest energy user. Crude traded low after China said it was studying curbs on overcapacity in industries including steel and cement. Some analysts said the failure to break through the key level of $75 may signal that prices have topped out, with demand for oil still depressed by the global economic slowdown and murky signs of a broad recovery.

Article Source - Dollar Benefits on U.S. Economic Data; Today Traders Focus on the U.S Unemployment Claims