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This chapter contains the first of three trading methodologies that will put the support and resistance tactics you learned in Chapter 3 to good use. In this chapter you will learn a trading methodology I affectionately refer to as the Sitcom System because it allowed me to trade on my own schedule, often while I watched a favorite television sitcom. The system combines what you have learned about support and resistance with simple price...

The foreign exchange market (forex, FX, or currency market) is a global, worldwide decentralized over-the-counter financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies. The...

Forex USA complies with the NFA requirements. This regulatory agency also offers tips to protect your identity online. They also manage risk as well as setting investor confidence. Membership is mandatory in this regulatory organization and does not run on taxpayer contributions. There are registration requirements that are rigorous as well as using market surveillance and trade practices as well as strong enforcement and comprehensive...

CFOS/FX is the over-the-counter foreign currency ("forex") trading and forex brokerage division of Commodity, Futures, and Options Service, Inc. (CFOS), an Independent Introducing Broker in the cash and futures commodity markets with offices in Houston, TX, Sacramento, CA, Salt Lake City, UT, New York City, NY and Madeira Beach, FL. CFOS/FX was established to provide clients with forex trading and forex brokerage services in over-the-counter...

Forex BrokerageEvery Forex trader like any other professional needs tools to trade. One of these tools, which is vital to be in market, is a Forex broker and specifically for Internet - on-line Forex broker - a company which will provide real-time market information to trader and bring his orders to Forex market. While choosing a right Forex broker things to look for are the following: Being a professional company...

Forex Trading PsychologyWhile learning a lot about market analysis and money management is an obvious and necessary step to be a successful Forex trader, you also need to master your emotions to keep your trading performance under strict control of mind and intuition. Controlling your emotions in Forex trading is often a balancing between greed and cautiousness. Almost any known psychology practices and techniques can work...

Money Management in ForexEven if you master every possible method of market analysis and will make very accurate predictions for future Forex market behavior, you won't make any money without a proper money management strategy. Money management in Forex (as well as in other financial markets) is a complex set of rules which you develop to fit your own trading style and amount of money you have for trading. Money management plays...

Forex Technical AnalysisTechnical analysis is the process of market analysis that relies only on market data numbers - quotes, charts, simple and complex indicators, volume of supply and demand, past market data, etc. The main idea behind Forex technical analysis is the postulate of functional dependence of the future market technical data on the past market technical data. As well as with fundamental analysis, technical...