TradeProfits

Fundamental and Technical Analysis – Henry Liu

Posted on 12. Apr, 2010 by Moderator.

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Henry Liu has posted a new video where you can follow him as he is trading the USD/CAD after some fundamental news release. He is sharing a lot of tips and shows you exactly how he goes about with fundamental news trading. In this video below, he will show you how he applies his retracement method in news trading, the “personality” of USD/Cad, the importance of psychological levels, etc. There is a lot of good information. If you want to get started with news trading, you can get a free 14 days trial from TradeTheNews. Check out the video below. Read more... (101 words, estimated 24 secs reading time)

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Forex News Trading Insight – Henry Liu

Posted on 06. Apr, 2010 by Moderator.

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Henry Liu has created two new videos where he shares some of his thoughts about forex trading. In the first video he covers some different aspects about market timing, support and resistance levels, etc. and in the second video he is sharing his approach to find the right place to enter a trade after news releases using fibonacci retracement. The first video is taken from Friday’s live trading session (3/26/10) with Henry Liu´s Mastermind Mentoring class, so you can get a taste of his program. Although I don’t really like to idea of using fibonacci to determine an entry level after news release, Henry still has some valid points. These videos are free for everyone, and you don’t even need to opt-in. Check out the first video here and the second one here. Read more... (182 words, estimated 44 secs reading time)

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Free Currency Meter – 7 Best Ways to Profit

Posted on 11. Mar, 2010 by Moderator.

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Henry Liu is the creator of a free currency meter. I have written about this a couple of times before, as I really like this tool, and apply it when I trade. Apparently Henry Liu has received a lot of questions about how to utilize the currency meter, so now he has created a short video where he shows you 7 different ways, in which you can use the currency meter, in order to optimize your trading. As Henry is into news trading, the first idea is to use it right after a news release, so you can trade the strongest currency against the weakest. The second idea is to use it, in order to identify the market trend, which you can do by a single look at the currency meter, rather than going through all the different charts. The third idea is to identify the risk aversion sentiment, which is shown by a strong USD and strong JPY, and then trade based on a strong risk aversion. The fourth idea is the exact opposite of identifying risk aversion, namely to identify risk appetite sentiment. Next off Henry shows you how you can use the currency meter to refine order entries, by not entering trades in pairs which shows the max. or min. due to the likelihood of a reversal. The sixth idea it to use the currency meter in order to identify pullbacks. This is really smart, and something I have never thought about before. Finally Henry uses the currency meter in order to identify a reversal. I have just covered the main points here. You should go and check out the video and get all the details here. Read more... (369 words, estimated 1:29 mins reading time)

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14 Cool Forex Freebies you should Know About

Posted on 24. Jan, 2010 by Jakob.

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I have posted about most of these before, but I thought I would sum it all up in one post. These are great resources for forex traders, and they are free. Check it out and throw a comment. Do you have any additional ones we should know about? Feel free to share your thoughts. Read more... (1065 words, estimated 4:16 mins reading time)

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Currency Meter 2.0 from Henry Liu

Posted on 16. Dec, 2009 by Jakob.

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In this post, I wrote about a free currency meter, developed by Henry Liu. It is a great extra little tool to have, when you trade the forex market. However, it did have some minor issues; specially there was a problem with the size, which gave some users problems to see the actual numbers. In the new version you are able to change the size of the currency meter, so this is no longer a problem. In addition to this, the commercial banners have been removed, the CPU load and tasking have been improved, and a text field has been added so you can add your own symbols. I have tried it and it definitely a lot better than the first version. For the time being, the Currency meter is still free. Check it out here.

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Free Currency Meter

Posted on 12. Nov, 2009 by Jakob.

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A currency meter can be a great advantage when trading the forex market. There are several commercial versions of currency meters on the market, all in the price range of some hundred dollars. A currency meter will basically tell you which currencies are strong and which ones are week. A first sight it might be difficult to see the true benefit of this, but it can be a great advantage when you learn to fully utilize it. Henry Liu is a forex trader who is specialized in news trading, and is known for his popular eBook “Newsprofiteer”. Henry Liu is currently in the process of a developing a new service, and in order to promote it efficiently, he has developed a free currency meter. Obviously it has a few ads, but besides from that, it is free. He has also made a short video, where he explains exactly how to use the currency meter. The only thing you need in order to use the currency meter, is MetaTrader 4 (also free). Go here and grab the free currency meter, and check out the video so you will know who this can help you in becoming a better trader.

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The Truth about ForexPeaceArmy – An interview with Bill K.

Posted on 22. Oct, 2009 by Jakob.

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ForexPeaceArmy is probably the largest site online devoted to reviewing services related to Forex Trading. The site has been around since 2006, back then known as forexbastards. ForexPeaceArmy is much more than just reviews of forex signals. They offer free daily signals and market overview, posted by a guy known as Sir Pipsalot. They offer a weekly market forecasts, written by the currency expert, Sive Morten. They offer help to individuals who have been scammed by brokers, signal service “companies”, etc. In general, ForexPeaceArmy is an awesome portal for anyone interested in forex trading. Read more... (2805 words, estimated 11:13 mins reading time)

This is a preview of The Truth about ForexPeaceArmy – An interview with Bill K.. Read the full post (2805 words, estimated 11:13 mins reading time)