Welcome to our Cash from Currencies blog!
In days of old, Fortune Hunters needed tools to help guide them to the pot of gold at the end of the rainbow – or a treasure chest buried by pirates on some isolated tropical island. When we think of buried treasure, we probably associate that with a compass, a map, some way to measure distance and — often — a skull and crossbones that signals danger ahead!
We need those same tools and warning signals when trading the Forex currency markets. In this blog and our videos, we will try to keep you up-to-date with three or four major important topics – topics that relate directly to important Fortune Hunting tools.
First, we have our computer platform, Metatrader. Through the charting and order management capabilities of the software, we see a Map of price action. We will tag some of our posts as Metatrader Tips. These are designed to help you navigate the powerful functions of the platform with ease.
Interest rates drive currency valuations. In our Forex Fundamentals thread, we will explore the economic announcements that create a backdrop for central bank policy decisions. Like the Skull and Crossbones, fundamental announcements suggest that danger to your account is lurking for those who fail to sense potential volatility on the currency calendar.
We use optimized indicators and templates as our Compass. These will define major changes in price action, help us to avoid taking random, counter-trend entries – and keep us trading with the momentum of the major trend. In the Technical Analysis thread, we will show you our favorite indicators and the inputs we use to optimize each one for different currency pairs and timeframes.
We also will show how to build powerful templates from these indicators. Our first indicator, the Crossover Medallion was programmed for us in 2009 – ten years ago! It has stood the test of time while we have developed techniques for leveraging pullbacks in multiple moving averages. We have invested, literally, thousands of hours in our exploration of the Forex market over the last twelve or fifteen years so YOU don’t have to!
No matter the strength and power of the strategy or any single, unique set-up, every trade has risk of failure. You must be able to accept a losing trade if you are to become a successful Fortune Hunter. The key to long term profitability is in the careful Measurement of risk versus potential reward. We use built-in Metatrader measurement tools — and Fibonacci retracements — to find an edge BEFORE we enter the trade. Our blog posts, courses and webinars will show you how to set and forget your stop loss levels with confidence. The benefit of this is clear — get out of losers faster and stay in winners longer!
Let’s put Fx FortuneHunter’s powerful tools to work. Together we can build your successful, personal trading strategy.
If you haven’t already… please sign up for future emails about new posts and upcoming webinars. If you have any questions or would like to suggest analysis of a different currency pair, please leave a comment after the blog post or send an email to: info@fxfortunehunter.com. We look forward to hearing from you.
And now FxFortuneHunters, Let’s Get Some Pips!
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