HaPpY PiPs

Available to : All new clients

How to get : Register live account 

Link : $5 No Deposit Bonus

Duration :  Till Dec 2012

Withdrawal : Profit can be withdrawn .Withdrawal fees apply.

Please comment below to share your opinion about this broker.

Double Top formation on GBP/USD daily chart
Pattern is yet to confirmed.
Neckline is located at 1.5505
after that price will fall for 150+ pips .
Target is 1.5350
*****Happy Pips*****

Sell GBP/USD
Price 1.5660
Take Profit 1.5620
Stop Loss 1.5680

Available to : All new clients

How to get : Register new account

Link : $12 No Deposit Bonus

Duration :  Till Dec 2012

Withdrawal : Profit can be withdrawn .Withdrawal fees apply.

Please comment below to share your opinion about this broker.

*For more info check out the T&C at brokers website.

Available to : New clients

How to get : Apply for new account

Link : $8 No Deposit Bonus

Duration: Till Dec 2012

Withdrawal : Profit can be withdrawn .

Please comment below to share your opinion about this broker.

*For more info check out the T&C at brokers website.

Available to : New Clients

How to get : Register an account.

Link : $20 No Deposit Bonus

Duration: Till Dec 2012

Withdrawal : After fulfillment of bonus program conditions.

Please comment below to share your opinion about this broker.

*For more info check out the T&C at brokers website.

Available to : All traders

How to get : Register Live account

Link : $100 No Deposit Bonus

Duration: Till 31st Aug 2012

Withdrawal : For every $10 bonus , 1 std lot should be traded .


Please comment below to share your opinion about this broker.

*For more info check out the T&C at brokers website.

Forming Head & Shoulders in AUD/USD
Possible Uptrend
Approx. Target 1.0130

Head and Shoulder pattern in EUR/USD confirmed
Sell E/U
Longer term target 1.2660
Soft target 200 pips........! 

       As everyone know forex is one of the biggest market in the world. But its too much risky . Many trader go bankrupt . So trading without preparing yourself is dangerous. 
       Demo account trading is the best option available for learning and getting introduced to the trading environment,platform and the market. Trading is on virtual money,so you can trade without investing and risking your money. Spending quality time on demo account helps to develop skills and new strategies. Any mistakes are bearable in demo as no real money involved.All the things in demo are same as that in real account. So once trader get familiar with the environment then it becomes easy to trade.
Not just for newbies,demo account are useful to experts too. Every time they come up with new strategies and EAs . So for testing those,demo accounts are best.After good results those can be implemented on real account. 


        But there are some disadvantages too . In demo account no emotions are involved in trading . But in real account the term " Emotional Trading" plays vital role . Controlling emotions is most difficult part of real trading . Its natural too ,because big money is involved. This can be controlled with time and experience.So its clear that though you are successful in demo there's no guarantee of success in real trading.But demo trading makes it clear if you are comfortable with trading or not.Also one more drawback is if someone gets addicted to demo account trading , then carelessness can lead to major losses.
        Anyways demo account trading is must for all new traders . Open account with any broker . Almost all the brokers offer free demo account . Learn and try your skills on it , if your performance is good enough then only move to real trading or else practice more.

                 Its the biggest misconception every newbie trader has in his mind.,Forex as money making machine. But its not.
Its just the exchange of money . When some trader looses his money , at the same time some another trader makes money . No one can have profit all the time . You will get many automated system claiming to get 200% profit but its not possible . If that were the case , the seller himself will double & triple his money, why he will sell ?  
                 The reason why most of new traders quit trading is , initially they see money everywhere (in forex). As no one displays there losses as they showcase the profit. So he thinks everyone is making money,starts trading with excitation and suffer the loss,as he dont know much about trading ,just buy when signal is given and close. Slowly-Slowly cycle of profit loss starts. Its hard to get profit initially but small profit also makes him happy like he earned millions.And then one big loss takes him away from trading.So its much more important that you learn before actually starting trading .
                   Also some thinks that brokers are there to make sure that you loose everytime so that they can make money . But this is also not true . Brokers get commission on every trade you open which is called as spread.Its irrespective of your loss or profit.
                    In short forex is market where you can make billions or go bankrupt . It depend on how you trade and your skills .

Hi Traders ,
I am creating this post specially for solving your doubts regarding forex trading.
Leave your questions in the comment below , will surely help you to solve your doubts.
Please feel free to ask ......!

USD/JPY pull back to 61.8% fib... it can be upto 50% fib
Short USD/JPY @ 80.47

First Target 79.55
Next can be 78.85..

Pull back to 38.2% fib . RSI is also moving to 70 .
The pair will fall soon , may be after strong resistance at 1.3600 .
For short term (60pips ) sell E/U .

Many brokers provide forums to help their users learn and interact with other users, experts to solve their doubts.Any one can join forums for free. Here you get many sections where you can get useful information about forex trading.You can ask questions to experts , test your strategy and have opinions from thousands of users.

FOREX is a spot market, where foreign currencies are traded - bought and sold for profit.


FOREX is a worldwide currency speculation arena with no centralized place for trading and exchange.


FOREX is a huge market with trillions dollars turnover a day and the largest investors - banks, hedge funds, investment companies and so on.


FOREX is open to individual retail investors - Forex traders - through the services of Forex brokerage companies that provide an access to the currency exchange market and take care of buying and selling orders of their clients.


FOREX is a 24 hour market that is traded every day all year round, except for holidays.


FOREX allows trading over 150 foreign currency pairs, among which the most traded are: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, USDCAD and GBPJPY.


FOREX trading is based on technical (price charts) and fundamental (news, economic events) analysis.


FOREX is an online stay-at-home type of business for individual investors.


FOREX is an attractive financial instrument, which can be mastered by any person with any kind of education and/or social status.


FOREX is a type of market which nowadays can also be traded by automated online expert advisors without any human intervention.


FOREX is an alternative type of investment, which unlike any other investment carries one of the largest financial risks.


FOREX is a trading arena, where in order to succeed a trader needs to learn the rules of the market, its trends, moves and behavior, and be able to apply the knowledge under real trading conditions.


FOREX is difficult to trade without a trading method - a trading strategy or system.


FOREX is a fast growing industry, and by directly dealing with money it also became
a lucrative business to various scam dealers. Novice traders should be alert about any offers in Forex which sound too good to be true.


Finally, FOREX should never be associated with quick and easy money.

1) Always use stop loss , it will help you to cut your losses automatically.
2) Get of the trade once you reach the target.
3) Trade according to your strategy not with the signals and guesses.
4) Prevent from entering the trade when price is at highest top and lowest low , wait for the right entry point.
5) Never ignore the news. Before entering any position make sure there is no high impact news in opposite trend.
6) Never open the position if you have any doubt about the trade.
7) Always check out the daily trend before starting trades.
8) Never do emotional trading , control greed.
9) You just closed the trade with loss because direction was wrong, DON'T get into new trade with opposite direction. Wait and track the chart. Don't think of getting your loss immediately back. You may loose more money.
10)Search for chart patterns like doubles,head n shoulders etc.
11)Try to learn new things daily.