AsianWealth – Forex Trading Tips | Forex Trading Strategies | Forex Software & Robot Reviews | Forex Signals | Forex Broker

Dennis To Yu Hang takes over Donnie Yen in the different rendition of Ip Man “The Legend is Born”. Director Herman Yau and Producer Sin Kwok Lam also casted Sammo Hung. Sammo bears the same hairstyle as in the recent Ip Man 2. Wonder how Dennis will live up to the legacy left by Donnie Yen. Dennis was previously also casted as the “Chang Chuen” exponent, Hu Wei, in “Ip Man: The Grandmaster” starring Donnie Yen. Yet, the new film is one-up on former, in that it features Ip Chun, the Wing Chun grandmaster’s real son.

I really don’t know. I get quite tired and frustrated when attempts to help go unappreciated.

Several people got quite annoyed when I gave constant reminder about the Freedom Forex Formula program throughout early part of the week.

Truth be told, it really is a good system. If it’s availability wasn’t time-sensitive, I really wouldn’t care as much as to update so frequently. There everyone goes

“Please help me with my trading”

“Help me salvage my dwindling account..”

“Show me a good reliable trading system for consistent profit”

Then there are the folks who emailed me with screen shots of this and that, asking for help.

It isn’t at all irrelevant.

I’m really feeling quite peeved. I think if I could trade for you, or get a good trader to handle your account 100%, you’d be bloody happy wouldn’t you?

Geez… some folks.. wonder why they even care about forex.. if they can’t accept small drawdowns, don’t want to enter trades, don’t want to apply what they learn, choose to be ignorant of their own trading accounts, and lastly… they want to make money. WHAT THE F***? Folks like that are better off going back to their boring day jobs, pulling out from all investments they’re in, and bury them in a chest beneath the bed – or if they even trust banks enough, go put up with the crap interest rates on fixed deposits.. I could trade and make 3% a day.. and in some countries… that’s way more than what a fixed deposit pays annually.

I hope it’s convenient for you. James Lampert and team
are set to give you another Forex Webinar. Don’t miss
out the note-taking if you did the last time.

IT’S COMING UP AT 8PM (EST)!

http://freetradingmethod.asianwealth.com

When I listened in at 11am (EST) today, I thought the
Q&A segment was especially good. Many common
questions got answered. In fact, if you have a question
on the “Money is Plentiful” trading method, or “The 5
Giants of Unstoppable Profits”, or the Freedom Forex
way of trading – as practiced by a limited 15-member
sanctum, there is even a chat box where you can type
in your question, and click “send” to submit. Do tune
in and hope you get the most out of it.

http://freetradingmethod.asianwealth.com.

He did go through some of the old material in the first
15-20 minutes of the session this morning, but
nonetheless a good reinforcement to hear again. In
case that dulls you, just do something else and listen
in the meantime. Thereafter, that’s where more
content comes in.

I’m not sure if today evening’s session is going to be
any different from morning. So do check it out!

http://freetradingmethod.asianwealth.com.

Cheers,

Julian Wong
a.k.a.
The Professional Bum
www.AsianWealth.com
www.AsianWealth.com/blog

P.S. Those trading today will find that there’s quite
shitty sideways movement today. Not fun at all for
position trading. Without a clear trend, not so cool
for scalping either. Use small conservative lots, and
if in doubt, hedge your position (simultaneous buy +
sell) to protect your investment until clearer direction.
If your broker does not allow hedging, you should
try http://www.fxprimus.cc. I’m expecting a drastic
movement to come up.

P.P.S. John Simons’ indicator “Traders Pro Elite” is
quite good!
(Download FREE@ http://daytrader.asianwealth.com)
Better than Forex Kagi’s giveaway system, even
though I thought the latter did a pretty good job
with their smart Forex Kagi system. Read the
review here:
www.asianwealth.com/blog.

Those who blog: Have you encountered the fucking Russian Spammers with their broken english probably translated withhttp://translate.google.com/ that goes like this – “What a profound useful phrase! I would like to congratulate with you on this theme. I do not fully agree with your opinion. You need revolutionise your idea but I accept. Do you think?”

Cut and Paste some of this shit you get in the comments box below for some laughs!

A Review on the Forex Kagi System

Introducing Forex Kagi.. A new Forex Trading System for day-traders, new and seasoned, who want to make good profit-worthy intraday or intra-week trades based on an Easy-to-Understand Signalling System.

In fact, it is so straight forward, as long as you are not color blind, and can tell red from green, you’ll know when to sell and when to buy. This is a very good system for novices to check out. Without any guesswork, you should be able to find yourself into one profitable trade after another.

The indicators it uses comprises of the widely available Average True Range, or ATR for short, as well as the Kagi Trend System or KTS for short.

My knowledge of Indicators isn’t wide enough to identify what exactly is the common name for KTS, if it isn’t a proprietary indicator, but nonetheless, I should think the KTS indicator alone justifies why one should buy this software.

Sample Trade by the KTS Indicator in Forex Kagi

The Trend Forex 2.0 System which I marketed for the longest time, and still personally use during wide, ranging markets comprised of several common indicators, with the addition of the Hull Moving Averages (HMA) and Guppy Multiple Moving Averages. The HMA was an exceptional indicator that did the best in spotting market turns, with a much quicker reaction to price action than the default Exponential Moving Average (EMA). On the other hand, the Guppy Multiple Moving Averages was a stellar indicator for position trading, as the multiple bands acted as resistances which would lead the trader to know if the impending uptrend or downtrend was set to continue or reverse.

KTS, like the HMA and GMMA falls into a category of indicators probably available only to traders who subscribe to professional charting tools that cost upwards of US$150 a month. Now, you can have the KTS indicator for just US$97! Moreover, if you attempt to click away from the site, you will get a FREE trading indicator system that is fairly good too. A teaser of course. It pales in comparison with the KTS.

A wouldn’t say the KTS is a spectacular indicator. But it is novel, easy-to-use and definitely worth much more than the advertised US$97 fee. The current Forex niche in electronic products is flooded with EAs these days – not that I have anything against EAs (I use them too) – but sometimes, what you really want is just a product that can give you the confidence to pick your trades and ride them out to winners. I hardly expect anyone to request purchase refunds on this product, neither would I give the creators much credit for innovation. Reason being, it’s a very safe, can’t-go-wrong kind of a system.

Let’s take a closer look at it’s features:

Features of the Forex Kagi System

In addition to the indicator set, obviously they have some Rules Of Engagement for trades, and how to manage and ride our your winners and to limit your stops. That’s as much “Money Management” as there is. The rest is the usual. Debatable “Japanese” origins & research on this product, but the bottom line: The Forex Kagi System is fundamentally sound, works, and will work not just for a short term, but for a long time to come. MMMM… FREE LIFETIME UPGRADES & BONUSES! From a regular forex pro-sumer’s perspective, I find this VERY attractive. So far, only the FAPTurbo and ForexKiller makers have been publishing regular updates, or so I know – without asking extra money of the purchaser. This is also important, because market conditions change all the time. Results within Minutes! – with this, you can probably produce statements like what I have on www.AsianWealth.com.

Let’s examine the trade methodology:

Forex Kagi Trade Interface

Just like the Trend Forex 2.0 System, this Indicator Template is to be deployed on several currency pairs at once. First, you would watch for the ATR to get to a higher range, indicating a possible trend reversal, then you would confirm your entry by waiting for the red to turn to green for a Buy Signal, or the green to turn to red for a Sell Signal. While that would be optimal trade entry, you can also enter a sell trade if the corresponding KTS shows red, or a buy trade if the KTS shows green. The “dips” or brick-like depressions in the green and blue areas in the KTS indicator refer to retracements. Bloody Easy. If you can’t do this, you’re stupid.

The Forex Kagi Day-Trading Program

With the ease of comprehension and use, and the continual updates and bonuses, I would recommend any new trader, or lazy seasoned trader to try out the Forex Kagi system for NO RISK, with a 60-Day Money Back Guarantee on a Demo or Live Account (Try my preferred Low-Spreads, Fast-Execution Broker if you haven’t got one already).

Seriously… quite counting your spare change. This system is no breakthrough nor genius formula come cheap – but this will definitely be reliable for bread-and-butter, good-trade-after-good-trade. My Final Take: If you have any mind for manual trading, GO FOR IT!

Congrats for deciding on purchasing the Forex Maximizer by
Kevin Long.

If you picked up the software on the day of its launch, you would
be in a healthy profit by now. Week one fielded 7 wins and only
2 losers.

However, if picked up your copy only this week (starting May 16),
you might have seen some loss trades that may be discouraging
to you, especially if you’re a new trader.

Nonetheless, rest assured I’m also running Forex Maximizer on
my virtual server (which I’ll mention later in this email how you
can get for free), and I’m keeping tabs on winners and losers.

Forex trading is something for the long haul. Surely, there will be
losses, but it is in our interest, and may interest for you to make
more winners than losers. Most importantly, a good trader knows
how to stay in the game, without having to risk more than his
initial capital.

Thus, I shall hereby give you some settings to optimize your
trading for Forex Maximizer.

OPTIMAL SETTINGS FOR FOREX MAXIMIZER (GBP/USD)
Courtesy of Julian Wong.

Acc Size: Lot Size: Price/Pip:
US$500 0.01 $0.10
US$1000 0.02 $0.20
US$1500 0.03 $0.30
US$3000 0.05 $0.50
US$5000 0.12 $1.20
US$10000 0.23 $2.30

*Notes: These lot sizes refer to Standard lot. If your account is
running as a Mini Account, please increase by one decimal
spacing respectively. i.e. 0.12 lot size for $5000 account
becomes. Most importantly, please check with the price/pip
movements to see if they resemble the above estimates.

**Notice that I propose being more conservative at larger acc
sizes.

OPTIMAL SETTINGS FOR FOREX MAXIMIZER ADVANCED
(GBP/JPY)

Acc Size: Lot Size: Price/Pip:
US$500 No Trade No Trade
US$1000 No Trade No Trade
US$1500 0.01 $0.10
US$3000 0.02 $0.20
US$5000 0.04 $0.40
US$10000 0.08 $0.80

ATR: Leave as default of “40″

UseBeStoploss: True

BE_After: 30 (default)

Breakout Spacing: 4

*Note: According to backtest and forward test, the GBP/JPY
is highly profitable but also highly erratic. In historical testing
while it is profitable on longterm, you may see some balance
fluctuations occur alot in the short term. Thus, I’d rather you
scale your losses and winners for more account stability.

ADDITIONAL ROBOT FOR YOUR DOWNLOAD

In addition, I have included as an attachment a Third robot
for your download. This is for the EUR/USD pair. Apply this
to the 1H Chart. Set Money Management = False, and follow
similar lot size recommendations as the Forex Maximizer
(GBP/USD). Fairly consistent and has been making money
regularly over fairly long period.

FOREX MT4 Broker / Demo Account

I didn’t really bother with the $500 trading incentive offered,
as you’d have to hit 60 bloody round trade lots to get that.
That’s just not practical.

The broker I’m using can be found at http://www.fxprimus.cc.

Low spreads, Support Hedging, Partial Closing, High leverage
of to 1:500. They also offer Straight Through Processing, and
No-Limit Hedging functions. http://www.fxprimus.cc is very
good on the GBP/JPY pair trading, with lowest spread of
2 pips! I suggest you go for either the “Variable Spreads” or
the “ECN” account type – depending on how much fund you
intend to trade with.

FREE VPS HOSTING

Please… please… please HOST your EAs! It saves your PC
from over-heating, doesn’t fight with your other applications
for memory and internet bandwidth usage, or risk your trading
getting thwarted by bloody Windows Update REboot, power supply
Cut, or your nosy sibling or Mom – and why not? Especially
when it’s FREE! Read for details at
http://www.forexpipmaker.com.

That’s all for now. Any questions please write me. I’m more
than happy to help and advise.

Please make the respective changes before trading resumes
Sunday evening.

Good Trading,

Julian Wong
a.k.a. The Professional Bum
www.AsianWealth.com
www.AsianWealth.com/blog

Preferred Broker: http://www.FxPrimus.cc
Preferred VPS: http://www.ForexPipMaker.com

http://forexbonus.asianwealth.com. Too many scam forex programs out there written by low-paid programmers – NOT TRADERS. We still don’t have conclusive word that Ivybot, Forex Megadroid, Forex Avenger and the many others – if they actually worked. This one is. FREE but only for a limited time. Check it out. http://forexbonus.asianwealth.com

http://www.asianwealth.com. Julian Wong, a.k.a. The Professional Bum and author of the highly-imitated “The MOST No-Brainer Forex Trading Strategy, Howto Do The ‘Trend Scalp’” video, briefs you about the horrifying prospects of your US-based MT4 Forex Broker in the face of impending forex trading leverage cuts – and what you can do about it. Read the full-text article at http://www.asianwealth.com/blog.

If you are sick of those finicky “re-quotes” in MT4 with your existing forex broker (GCI, FXCM, FX Solutions, Alpari, etc)., sick of daily hedging limitations, sick of your broker trading against you, sick of having to repeatedly bug your broker for your cash withdrawal, sick of your trader dropping your leverage again, and again, and again, check out http://www.FxPrimus.Cc

In Jan 2010, the US Commodities and Futures Trading Commission (CFTC) and the National Futures Association jointly proposed a new direction for US-based Forex Brokerages that will affect us forex traders. Most brokers, currently offer leverages of 1:100, 1:200 and some as much as 1:500 – and the two regulatory fronts intend to lower this leverage to 1:10!

What does that mean for us? Basically everything. It’s EXACTLY due to leverage that we are able to make $10s, or $100s of dollars from a 3rd decimal price movement in a currency pair – and that’s with an account with a large trading margin. Whence the proposed changes are implemented, the same $5000 account that earns you $10s to $100s per trade will only be good for dollars to $10s per trade. Not only that, you would not be able to simultaneously involve in several trades – which most good traders do, to offer a balanced portfolio to their investment – because your trade margins would be MAXED OUT before you know it!

As if the ban on hedging wasn’t enough, just think about it. Right now, with that $1000 in your FX account, you can trade up to $100,000, $200,000 or even $500,000 in a single trade. But with the change, your $1000 account will only be good for trades of $10,000.

The rationale behind it? Banks and financial institutions don’t usually leverage more than 1:10 on their trade capital – but that’s for the low-risk/low-gain. With the proposed changes, I can’t even put in all 3 trade positions as required by my favorite Trend Forex 2.0 system to trade a single currency pair!

Until recently, it was an boasted feature that a forex broker was a NFA or FSA-regulated one. Not since. Consequently, many Forex Brokers are looking off-shore and overseas for a solution and scape of these tight rulings. London and Australia have become the new safe-havens for some. However, the UK Financial Services Authority (FSA) is pipped to follow suit, and we wouldn’t be making any new ground, whilst the high wage costs in Australia also mean higher bid/offer spreads. Even in off-shore locations like Cyprus, British Virgin Islands and the Dominican Republic, the other consideration is that efficiency in account deposits and withdrawals will surely suffer due to firm’s non-elective use of auxiliary banks.

I had the good luck and fortune recently, to meet some of the key staff from FXPrimus.cc (website http://www.fxprimus.cc) while they made their scouting and marketing trip here in Singapore. FXPrimus.cc uses MT4, or rather, the most-favored platform by chartists and Expert Advisor (EA) Traders. Yes! They so support hedging! Leverage up to 1:500. Featuring Straight-through Processing (STP) with no chance of the sickening “re-quotes”s, trade Forex, Forex Options, CFDs, and Metals all on one platform. ECN rates from just a $2,500 account starting size. FXPrimus.cc is also Incorporated and compliant with the Financial Services Commission (FSC) in Mauritius, and as such, unlike other off-shore locations, they benefit from a first-tier access to international banks, without having to go through auxiliaries. I was very attracted to the GlobalCollect deposit/withdrawal feature, which allows fx traders to deposit fund into a local bank account, thus saving time and money. Not in the least, they have an independant third party fund admin to ensure the safety of our funds. Click the picture below to find out more and try their platform!

Hey folks.. I made a new video today on a method I personally found.

http://www.asianwealth.com. Forget Elliot Wave, Jason Fielder’s Correlation Secret, LMT Formula and the like.

This is the Most No-Brainer of All Forex Trading Strategies, the “Trend Scalp” courtesy of yours truly, Julian Wong, The Professional Bum.

Hope you find this useful to you!

Do leave your comments if this worked out for you. Today I did 14 trades using this, and profited 11 times, loss 3 times. Very effective!