forex training video - its NEW

At last myfortunesfx is out with its long overdue training resource, Forex Training Video. This is consequent upon our realization that people are not adequately equipped before they venture into trading. They are provided insufficient information and sometimes inaccurate information so they go in and meet their Waterloo.
We should understand that the level of information at our disposal goes along way in determining our success in this business. That is one of the reasons we have created the blog to give info out freely. Besides, we also want people to learn the tricks of Forex, what the professionals do to claim what they claim. As such, the birth of "THE PIPSOLOGIST". With this package you can learn how to join the 10% successful traders. because all what we discussed in the video are what we do to pick our fortunes - pips

Attempts were made to load the previews here on this blog but was pretty difficult though you can view the previews following this link:

http://www.youtube.com/watch?v=ctyhBQoCM7Q

or you check us out on facebook

If u care to have the video, just contact us via myfortunesfx@yahoo.co.uk or shoggyben2004@yahoo.com or call 2348069586010, 2348029141168

myfortunesfx... trading the art and heart of forex at ease.

Bollinger Bands 101 – How To Measure Volatility

One reason I prefer technical over fundamental analysis is that it is more visually appealing. By quickly glancing at a stock’s chart, I can tell whether I want to buy it, sell it, or what the price targets are.

I look at stock trading as an art, and like any craft we must constantly tweak and perfect it to achieve the most optimal outcome. As a die-hard user of technical analysis, I am always trying out different indicators, seeing which ones work for my trading strategy, and dropping the ones that do not. I typically like to keep my charts clean; otherwise, I get lost and lose focus.

Note: Before utilizing any new indicators or patterns within your real-time trading strategy, be sure to have tested the signals you generate from this new analysis. You can do this by either using a back-testing software or just simple manual tracking of stock prices based on your analysis.

The analysis tools I want to share with you today are called Bollinger Bands. They are essentially used to measure volatility of a certain security relative towards previous trends. Generally they appear as an overlay to your chart, and trace the current range of the stock.

Bollinger Bands consists of 3 parts (all lines):

• The middle band, which is a simple moving average of a period of you specify. Usually 20
• The upper band, which is your period + N standard deviations. Usually 20 + 2 STD
• The lower band, which is your period – N standard deviations. Usually 20 – 2 STD

Typically the default value is usually a simple moving average period of 20 with a standard deviation of 2. For those none statisticians, 2 standard deviations cover about 95% of the range. Obviously, you can always tweak those numbers to match your trading strategy. Some traders even use exponential moving averages.

Just like any indicator the use of Bollinger Bands can be ambiguous. That is why it is important to test your conclusions before taking them to the real stage; however, the main purpose of these bands are to help you decide when a stock is at the high or low level of its average trading range. That being said, some people interpret the simple signals of selling when the price hits the upper band and buying when hitting the lower band. While that may work, you can probably get more accurate results when you use other indicators and factors (i.e. RSI, patterns) to confirm the move.

The key is to remember that Bollinger Bands measures volatility. During periods of low volatility, bands are narrow, and at periods of high volatility bands are obviously wider. You will also notice that these lines seem to act as support and resistance every now and then.

In the sample chart below, you will notice how the Bollinger Bands are narrow during June and then become wider in July, once the stock spikes higher. Finally, you can see that, in August, the bands are starting to become narrower, which could mean that the price will be flattening out and the previous upward trend push could be over.

So if you are looking for some indicator or overlay to measure the overall volatility of a security, then check our Bollinger Bands. They may seem confusing, but, once you actually see them in action yourself, they can blend very nicely into your trading strategy.

Online Forex Trading

Online FOREX trading is simply a mode of buying of one currency and selling of another. FOREX is just an acronym for foreign exchange. Currency is used to buy another. However, with the introduction of FOREX to the larger Nigerian community, notably four to five years ago, many people had been swindled off their fortunes. this is fabricated via unsophisticated trainings such as a-day training without follow-ups and professional guide, weekend training without proper tools to facilitates this and all kinds of promises which created in the people the notion that forex is a get-rich-quick scheme. we cannot divulge these much reasons why people are beginning to speak ill of this goldmine in day. we could go on and on. some people even promise unrealizable interest over their trading capital. all is nothing but half-baked forex traders/trainers. Ever since myfortunesfx had been given birth to, we have always worked out ways to redeem people who still have interest in the business. Forex is a profession and not untill it is seen as such, we will continue to deceive ourselves dashing the 'oyinbos' our treasures again just as our fore fathers did. Owing to this, those who care to have the nitty-gritty learned, we have a training video recorded from one of our online webinars. This was initially created to be viewed online but because we want you all to trade and be confident the way we are, we are giving you the opportunity to have this video downloaded to your system and you can watch even while offline. As if that wasn't enough, we have this training in a compatible CDs that you can play on any video playing machine apart from your computer system. Watch the intro here and if you like it request for further videos.