What Is The Difference Between A Forex Trading Plan And A Trading Strategy? | Free Forex Signals

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Today we are sharing Difference Between Forex Trading Plan and Forex Trading Strategy.

Currency trading is full of plans, strategies, systems and rules, so it is easy to get confused. However, it is important to know the difference between two of your most important tools – your trading strategy and your trading plan.

A forex trading strategy is simply a collection of rules that determine how you enter and exit trades. A trading strategy can be summed up in a few lines and traders often employ several different strategies depending on how the market is moving. Some traders call the collection of strategies a trading system or refer to trading strategies as trading systems and call the collection of systems a trading strategy. Simply put, a trading system and a trading strategy are used interchangeably and focus how a trade is done. 

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A trading plan, however, is a more comprehensive document that includes the trading strategy along with other important information. Trading plans are customized to the person using them, but they usually include rules about money management, how much capital to risk in a day, the goals the trader is striving for, a system for analyzing trades, and so on. 

Trading strategies and trading plans are both works in progress in that they are constantly being tweaked and evaluated. 

(For more, check out The Secret To Forex Success.)

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AUDCAD Looking Bullish | Free Forex Signals | Currency Trading

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Today we are sharing GBPAUD Currency Trading Signals

SUMMARY:

The secondary trend of AUDCAD is sideways on charts and from past few trading sessions prices are not sustaining at lower levels and taking resistance of the falling trend line. The pair is consolidating with strong positive bias to give break out at upside. In its 4 hourly chart, prices are facing an important resistance at the level of 0.9670. 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. If it breaks the resistance level of 1.9510 at upside then we can expect it to test the level of 0.9750/0.9790.

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AUDCAD ( 4 Hourly )

AUDCAD CHARTS TODAY

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. 

MACD is also sustaining in buying territory indicating the bullish trend in the pair.

STRATEGY: AUDCAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

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GBPAUD Is Bullish | Free Forex Signals | Currency Trading

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Today we are sharing GBPAUD Currency Trading Signals

SUMMARY : 

The primary trend of GBP/AUD is bullish but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at its rising trend line and having support at the important level of 1.9030. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of  1.8965/1.8935 in today's session.

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GBP/AUD ( Daily )

INDICATORS :

MACD has recently breached the zero line, indicating the upcoming bearish trend in the pair.

STRATEGY : 

GBP/AUD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0935	1.1000	1.1093	1.1158	1.1251	1.1316	1.1409
GBP/USD	1.4975	1.5031	1.5107	1.5163	1.5239	1.5295	1.5371
USD/JPY	118.69	119.20	119.52	120.03	120.35	120.86	121.18
USD/CHF	0.9011	0.9122	0.9193	0.9304	0.9375	0.9486	0.9557
AUD/USD	0.7677	0.7736	0.7839	0.7898	0.8001	0.8060	0.8163
EUR/GBP	0.7250	0.7281	0.7324	0.7355	0.7398	0.7429	0.7472
USD/CAD	1.1865	1.1932	1.1999	1.2066	1.2133	1.2200	1.2267
NZD/USD	0.7410	0.7449	0.7504	0.7543	0.7598	0.7637	0.7692

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USDJPY Is Bullish | Free Forex Signals | Currency Trading

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Today we are sharing USDJPY Currency Trading Signals

Daily Forex Signals

SUMMARY : 

The primary trend of USD/JPY is bullish but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 120. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of  119.60/119.30 in today's session.

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USD/JPY ( 30 Minutes ) :

INDICATORS :

RSI is sustaining near the selling territory, indicating the upcoming bearish trend in the pair.

MACD has recently breached the zero line, indicating the upcoming bearish trend in the pair.

STRATEGY : 

USD/JPY is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0997	1.1059	1.1102	1.1164	1.1207	1.1269	1.1312
GBP/USD	1.4992	1.5040	1.5080	1.5128	1.5168	1.5216	1.5256
USD/JPY	119.63	119.80	119.97	120.14	120.31	120.48	120.65
USD/CHF	0.9223	0.9265	0.9301	0.9343	0.9379	0.9421	0.9457
AUD/USD	0.7754	0.7777	0.7807	0.7830	0.7860	0.7883	0.7913
EUR/GBP	0.7297	0.7323	0.7347	0.7373	0.7397	0.7423	0.7447
USD/CAD	1.1957	1.2020	1.2057	1.2120	1.2157	1.2220	1.2257
NZD/USD	0.7452	0.7479	0.7508	0.7535	0.7564	0.7591	0.7620

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AUDUSD Is Bullish | Free Forex Signals | AUDUSD Chart Today

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Today we are sharing AUDUSD Currency Trading Signals

SUMMARY : 

The primary trend of AUDUSD is bullish on charts but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give breakout at downside. 30 DMA is also supporting the further downtrend in the prices.  It is also taking support at an important level of 0.7970. Today if the pair breaks its support level & manages to sustain below it, then we can expect it to test the level of  0.7920/0.7890 in today's session.

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AUDUSD ( 30 Min )

INDICATORS:-

MACD line is also sustaining in the selling territory, indicating the bearish trend in the pair.

STRATEGY : 

AUDUSD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0766	1.0862	1.0997	1.1093	1.1228	1.1324	1.1459
GBP/USD	1.5169	1.5247	1.5344	1.5422	1.5519	1.5597	1.5694
USD/JPY	117.82	118.20	118.62	119.00	119.42	119.80	120.22
USD/CHF	0.9051	0.9193	0.9294	0.9436	0.9537	0.9679	0.9780
AUD/USD	0.7859	0.7916	0.7962	0.8019	0.8065	0.8122	0.8168
EUR/GBP	0.7053	0.7093	0.7151	0.7191	0.7249	0.7289	0.7347
USD/CAD	1.1818	1.1880	1.1950	1.2012	1.2082	1.2144	1.2214
NZD/USD	0.7571	0.7620	0.7654	0.7703	0.7737	0.7786	0.7820

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The Secret To Forex Success | Free Forex Signals | Currency Trading

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Today we are sharing The Secrets To Forex Success

Here are a number of the guidelines that you just ought to remember to earn money within the Forex market :

• The primary and therefore the last ticks are the most expensive. So, the rule of thumb is getting into late and get out early in market.

• Once you are losing, and you would like to scale back the chance of losing more cash. So, don't add more cash once you are losing.

• Choose trades that move with the trend. this may minimize the chance of losing cash and maximize probabilities of profits.

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There are a number of tools that you will use once trading in the Forex market. One is that the Forex charts. For the speculator, the chart is the most vital tool that traders will use to see market trends and accurately predict the longer term price of the currency. though it's not really 100% correct, you'll be able to use the Forex charts as a guide to what is happening within the market.

Trader ought to know how to read the various charts involved within the Forex market. There are daily charts, hourly charts, fifteen minute charts and even five minute charts to the action. you'll be able to compare every of the information within the chart to examine market trends and at an equivalent time, spot potential cash creating trends.

This can assist you minimize the chance once trading in Forex. learn the way to read charts effectively and you'll be on your way to become successful within the Forex market.

These are some the techniques and tips that you should keep in mind so as to reduce the risks and maximize your earning potential in Forex trading. reckoning on your skills and the way you apply your techniques , you'll be able to very build an enormous cash within the Forex market. However, to be a really successful Forex trader, you've got to simply accept the actual fact that you just can lose cash generally . ne'er get discouraged once you loss. Analyze wherever you created mistake, and consider an answer to induce back what you lost and continue trading.



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AUDJPY Is Bullish | Free Forex Signals | Weekly Currency Levels

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Today we are sharing AUD/JPY Signals

SUMMARY:

The overall trend of AUD/JPY is bullish on charts, In hourly chart, prices are consolidating with strong positive bias and facing resistance at the level of 93.30. 30 & 200 DMA are also providing support to the prices & supporting the further uptrend. If AUD/JPY crosses its resistance mark and sustains above it then we can expect it to show north ward movement in the prices. If it breaks the level of 93.30 & sustains above it then we can expect it to come up to the levels of 93.80/94.20  in next few days.

INDICATORS:-

RSI is sustaining in buying territory, supporting the upcoming bullish trend in the pair.

MACD is also sustaining in the buying territory, indicating the up trend in the market.

RECOMMENDATION :  BUY                                                      

TARGET 94.20

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AUD/JPY ( HOURLY )

AUDJPY Chart Today

STRATEGY: 

AUD/JPY is looking bullish on charts. One can go for buy on dips level strategy for this pair for intra day to mid term positions.

WEEKLY LEVELS :

	S2	S1	R1	R2
EUR/USD	1.0568	1.0721	1.0964	1.1054
GBP/USD	1.4740	1.4965	1.5303	1.5416
USD/JPY	117.60	118.29	119.89	120.80
USD/CHF	0.9360	0.9451	0.9676	0.9810
AUD/USD	0.7615	0.7717	0.7884	0.7949
EUR/GBP	0.7040	0.7099	0.7232	0.7306
USD/CAD	1.1987	1.2083	1.2291	1.2403
NZD/USD	0.7423	0.7516	0.7721	0.7833

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