I haven’t yet seen any comment on it, but there it is: a Head and Shoulders Top in the Dow Industrials Average. The Daily chart of the Dow shows a clearly identifiable Left Shoulder on July 23, 2008; a Head on August 11, and a Right Shoulder on September 2. The Neckline is drawn on a line extending from the low of July 28 to the low of September 5. Our understanding of the pattern – a so-called “western” pattern – is amplified by our knowledge of Japanese Candlestick patterns and, in particular, by the “Evening Star” on July 24, the “Bearish Engulfing” on August 12, and the “Belt Hold” on September 9.

So, what do we make of all of this? The answer is, the Head and Shoulders Top is generally a reliable predictor of a price decline. This one needs confirmation by a decline below the neckline and then a re-test of the neckline and a further decline thereafter. The bearish Candlestick formations add to the mix.

We measure the decline which is expected to be generated by the Head and Shoulders Pattern by measuring a vertical line drawn from the top of the Head down to the neckline, and then taking that measurement and projecting it downward from the neckline.

In this case, we calculate a distance of about 767 points on the Dow from the top of the Head at 11867 to the neckline at about 11,100. Projecting 767 points downward from the neckline gives us 10,333 (11,100 minus 767 = 10,333). That’s 897 points below 11,230, which was the closing price of the Dow on September 9, 2008 – and is a price level which was last seen in October 2005.

So, if prices continue to decline after September 9, 2008 and if the neckline is re-tested and proves to be insurmountable resistance, in due time we should expect to see Dow prices back to where they were three years ago – and also where they were in April 1999!

Is this scenario written in stone? No, it is not. But if prices do continue to decline and if the neckline survives a re-testing, then the probability of the scenario’s coming to pass increases markedly. It may be useful to understand, ahead of time, what may be written in the stars. http://www.candlewave.com

Have you ever wondered how some people can sit in an office for a couple of hours a day and yet make close to $1,000,000 a year? Yes there are lots of people in this world that make a million dollars or more a year by sitting in an office and trading.

If you were given the choice to do the very same, to sit around and trade your way to riches would you do that? This sounds almost too good to be true. I tell you, it is too good to be true. How many new traders have been lured by the false promise of a quick buck that they pour all their live savings into a trading account, only to lose it all in 6 months.

The only way to be able to make money by trading is following:
1. Proper money management
2. Disciplined trading
3. Trading plan
4. Knowledge of market forces
5. General world knowledge

Many retail or private investors fail to grasp either one or another of the above 5 points. This makes their investing and trading like a visit to the casino. How then can you as a trader make money by trading?

The answer is readily presented in the 5 points above. Master them and use them to your advantage.

Money management is not about how much to trade but also when to trade. Have there been times when the indicators are telling you not to do anything, but the price action on the screen seems crazy? You feel that if you don’t take the trade then you might lose out on a good thing. Use proper money management and be disciplined, stay on the sidelines and not trade. Trade your plan and plan your trade.

A disciplined trader will always take the trades that follow the pre-defined indicators. That is why only the most disciplined traders are the most successful ones. Having a trading plan is also essential for you if you want to trade correctly and consistently make a profit. More often than not, if you failed to plan the trade before hand, you will lose your money when you trade.

One thing you will realize if you have been trading for a while is that many new traders seem to forget to read up and understand about the current situation of the world right now. There is a big issue to not know what is happening right at your doorstep! Know about how countries are being affected by climate change; learn about how policies will change the way a nation work. This is fundamental to your trading and should be part of your daily routine as a trader.

To make money as a trader, please remember the above 5 points and be sure to make each a daily activity when you trade, or risk losing your money!

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. For a limited time get his free Money Management to a Million Dollars e-course here: http://www.pipsalot.com

I joined ASD about six months ago. I assumed it was too good to be true, but being the idiot I am, I threw all caution to the wind and dumped 100 dollars in there. Exhibiting low levels of self-regard happens to be one of my best qualities.

I’m pretty happy that I exhibit that terrible trait right about now. In about 70 days I have already profited over 500 dollars by working less than 20 minutes a day. Now you might notice I don’t have a ridiculous amount of money that I earned overnight. You also might notice that it took me 70 days to earn 300 dollars. Well, that is because I started with only 100 dollars. If you want to start with 1,000, you could have made 3000 dollars.

The best thing about this program is you can get in and start building at any level. Ten dollars, one hundred dollars, all the way up to 12,000. You view 24 websites a day, and in turn you are given a percentage of the amount of money you have deposited in ASD. Then the next morning your account is credited with between 1% and 8% around 10 a.m. EST.

Once your interest reaches $10.00, you have an option to either add that amount to your account, and compound the interest OR cash the money out and have it sent to your bank account. I choose the latter, because I am not looking to earn 10 dollars every day or two, instead I am looking to build something huge.

The best part about this is that there is no need for sponsoring anyone whatsoever. They do give you the option, but I don’t take advantage, this program is strong enough without it, and I spend enough time sponsoring in other programs.

To review, no fee to get in, interest everyday, compounding daily, no sponsoring necessary, and you can start with ten dollars. Why not shoot me an email at seantaylor32@gmail.com if you are interested in getting involved.

Or go ahead and visit. my site.

http://www.trafficequalssales.com

Sean Taylor
Learn the ins and outs of affiliate marketing. This program is taking me up the affiliate marketing ladder at a very rapid rate.
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Or make solid money, compounding interest daily, if that’s your thing. It is growing at such a rate that it can be my main source of income within a year, and I only have 100 dollars invested. This company will blow you away.
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There was a time when online forex trading was limited mostly to banks and big financial institutions and they were the ones benefiting from it. But times changed and the availability of internet and online forex trading made it accessible to thousands of individuals, brokers, brokerage firms, banks and governments. Now, the benefit is for anyone to reap who deals in it.

This mind boggling increase in online forex trading was brought by a lot of factors. One can trade round the clock irrespective of geographical location and that has been the single most important factor contributing to its exponential growth. Estimates claim that the daily transactions have scaled almost two-trillion dollars! In addition to this, there are a number of other factors.

A trader is gets to trade in different currencies in different markets all at once. It is all because of web based Forex trading. What has this done is that it has allowed the infusion of a lot of liquidity and flexibility in online forex trading. What is more, a trader can easily access quotes and make trades in real time with online Forex transactions.

The biggest benefit of online forex trading is that it has done away with bulls and bears. So, this is the only market without any bulls and bears. Value or ratio of value of the currency or the direction of its movement has relatively no overall impact on the world of online Forex trading. To make it more simple; any trader can buy and sell at the same time in different currencies without any problems.

Another defining feature of online forex trading is its transparency. Nothing is hidden. It is comparatively easier to spot trends and decide the best time to sell or purchase. This is possible because all the information is there in real time from all over the globe.

Everything is out there for anyone and everyone to look at. Online forex trading involves no hidden costs, no exchange fees, no commission and nothing like that. All of this has made online forex trading very easy.

Another remarkable feature of online forex trading is the speed with which everything happens. There is nothing like delays here. You need virtually seconds to execute any trade and to fill and confirm it. All the information is provided by brokers and trading companies in real time and that is really crucial for making important decisions.

I would like to end this discussion by giving a look at the flip side of online forex trading. It might seem the best way to put your money but not everyone who invested money in online forex trading made money. There are reasons behind it.

Online forex trading is in reality risky where split second decisions are needed which could make or mar your investment. It is therefore essential for anyone who is interested in this field to understand it well before making any decision.

Paul Bryant is a successful and experienced Forex trader and also the webmaster for http://www.investawise.com, bringing you all the latest Forex news, reviews and advice.

Often times, I have heard and many times read about ordinary people wanting desperately  to make money, out of what many have come to accept as a rich goldmine, waiting to be exploited, the internet.

However, what they fail to realize is that not all of these online sit-at-home online business opportunities that usually find their way to your mailboxes, are genuinely profitable or legitimate for that matter. This is however, not saying there are no genuine and legitimate money making opportunities online, as a matter of fact there are, only there are just very few that have extremely high potential of profitability. Prime among these few is the forex market.

Forex, is a word that stands for the foreign exchange market. This is the currency trading market and is the single largest market in the world, with average trade volume of 3 trillion USD per day. This, as you would notice is an enormous market with very high liquidity and present opportunity for those that are ready to take maximum advantage of this gigantic market. The good news is, there are sufficient and equal opportunities for everyone that enters this market. Trading the forex market, there are very high potential of making up to couple of grand in USD everyday. Before you say this is not possible, there are those that actually make more.

The list of world richest dudes, who daily pour their fortune into the forex market, reaping enormous profit is endless. Warren Buffett, George Soros, to name but a few, are some of the world richest investors, who largely depends on this market to continuously increase their fortune.

Wondering when it would ever be your turn to begin to make as much as you are worth and much more than you will ever need? Well, it is possible for you too to enter and trade this market and begin to consistently make money. With the right information and tools, this is more possible than you will ever imagine. Wouldn’t you rather start now?

For more on what you need to instantly begin making more than you ever thought possible, trading the forex market, you may want to lookup this site http://www.pipyard.com

Currency trading training is not over when a trader finally sees the equity increasing in their account.

The Forex market is a very demanding environment and for a trader to maintain a success level, constant currency trading training is necessary.

The following 7 favorite tips can be used as timely reminders and need to be read and absorbed on a regular basis:

#1 – Take Responsibility

“The buck stops here.” Don’t blame the markets, or a host of other factors for a losing trade. You entered it for whatever reasons you had at the time. Take responsibility for it.

#2 – Use Each Losing Trade As A Stepping Stone

You lost a trade? Good. It will help you focus on a potential problem in your trading method. If after careful analysis you are satisfied you worked according to your plan, fine. Move on.

#3 – Never Become Impatient With The Market

New traders in the early stages of their currency trading training can be eaten alive by the market. During periods of consolidation with little liquidity the anxious impatient trader will force trading opportunities where there none.

Learn to accept the fact that around 70% of the time price will be in a consolidation channel.

#4 – Focus Daily On Improving Your Trading Skills

Currency trading training is an ongoing process. Day by day, step by step the trader improves. So rather than be preoccupied with profits and losses, concentrate on developing the skills. Your account will start to reflect your focus in time.

#5 – Be Pleased With Well Executed Trades Whatever The Outcome

Is this possible? Yes. You can feel well pleased even with a losing trade if you stuck to your methodology and executed the trade well. It is dangerous to feel good about a winning trade when you went against your trading method to achieve it. Your elation is likely to be short lived. Learn to execute the plan!

#6 – If In Doubt Stay Out

The feeling of regret can drain a person mentally and emotionally from entering a poorly considered trade. Once the trigger has been pulled and the trade starts going wrong, the agony of watching it inch towards your stop should renew in the trader the determination to stay out when in doubt!

#7 – Always Have A Good Reason

Currency trading training involves careful analysis of reasons for entering a trade. Just because price is high is not a reason to go short or long if price is low. Price will do what price wants to do so rather than trading from gut reaction, e.g. “Price can’t go any higher (or lower)” learn to detach emotions and use pure technical analysis to establish a number of reasons why you should take a trade.

As currency trading training is a long term commitment, skills and disciplines learned can sometimes be forgotten as bad habits creep in.

It is necessary to constantly renew the thinking processes by repeating over and over the habits of successful traders.

These 7 favorite tips will keep the newer trader out of a lot of trouble!

For a free pivot point calculator, Fibonacci calculator and the best free economic calendars click here:

http://www.vitalstop.com/Forex/tools.html

For a free candle & chart pattern recognition reference tool click here:

http://www.vitalstop.com/Forex/Candle-Chart-Patterns

See how to use trendlines to get an optimum trade entry point:

http://www.vitalstop.com/Forex/trendline.html

Most successful currency traders on the Forex market use some sort of Currency trading software. It’s nearly impossible to trade efficiently on the forex market without such a software, but what are the actual benefits of such a software?

Benefits of Using an Automatic Currency Trading Software

1. The biggest benefit of using a Currency trading software is that it can trade for you automatically. This means that even if you’re not sitting at your computer, you can still make transactions and earn a profit. Since the forex market works around the clock, you make the most of the time.

2. A currency trading software can work in multiple markets at the same time, which is something a human being cannot do. It’s as if you double or even triple your efficiency.

3. A good currency trading software can make transactions in a split second decision. It’s a software so it’s much faster than you can be and can take advantage of opportunities in a much faster way.

4. Using a software means that your trading is now based on strict and established mathematical models and comprehensive analysis of the market situation. This means that the risk of your transactions should diminish.

5. By using a trading software you can save time on market analysis, following the market’s parameters, enjoy watching data in a structured and easy to understand format on your screen, and save a lot of time and effort.

Overall, it’s important to use a currency trading software since the market is complicated and fast. You need to be on top of your game in order to succeed.

To read more currency softwares, click here: Currency Trading Softwares Review.

John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond’s review of the 2 best ones, click here: Automated Forex Trading Software.