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Filed Under: Forex Softwares Reviewed! by: The Professional Bum

Calling All Day-Traders: Forex Kagi Launches Today!

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

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

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

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

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).

60daytrial

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!

Filed Under: General Forex Trading Tips by: The Professional Bum

Lower Leverage, Lower Profits for Forex Traders – What You Can Do About It?

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!

Filed Under: Forex Softwares Reviewed! by: The Professional Bum

Special Howto Inside Report on Trend Forex 2.0

Another video from http://www.asianwealth.com – your place for FREE Forex Tips, Ebooks and Softwares.

Here’s an inside howto look on Trend Forex 2.0, touted as the Best Forex System of 2009, as reviewed by Julian Wong, a.k.a. The Professional Bum of http://www.asianwealth.com

Filed Under: Forex Softwares Reviewed! by: The Professional Bum

Placing Forex Trades Using the TREND SHADOW System

Available FREE from http://www.asianwealth.com.With small, 0.3 lot size, you can still pull in US$700-1000 daily. Update at:http://www.youtube.com/watch?v=UZiMQR… This system is really the real deal…by Forex Nerd John Chen of Trend Forex 2.0

This video covers the installation and setup of the Trend Shadow system. I personally show you how to place trades using the system as well. In a subsequent video, I will be showing you the result
- after 40 minutes
- after 50 minutes

Go to http://www.asianwealth.com and receive my additional Forex tips and updates

Filed Under: General Forex Trading Tips by: The Professional Bum

Hello Everyone! Welcome to AsianWealth.com

It’s Julian Wong of http://www.AsianWealth.com and I’m back with a vengence! I’m out to through schmuck in all the faces of nay-sayers, because I’m out to prove that ANYONE can make big money in Forex, and I’m not being presumptuous or anything. In fact, I’m here to launch my email and video series, including software giveaways. I wanna make you see profit in Forex as well.