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FREE EXPERT-4X ONLINE FOREX TRADING COURSE AND NOTES:
Disclaimer:-The information on online Forex trading presented on this website should not be regarded as forex or currency trading advice. Currency trading and fx trading is highly speculative and
should only be done with risk capital. Foreign Exchange prices rise and fall and past performance from currency trades is no assurance of future performance. This online forex trading website is a
currency trading information website only. Accordingly, we make no warranties or guarantees with respect to the correctness or validity of its content. Forex traders making use of the online currency
trading information presented do so at their own risk. The information provided herein does not take into account their forex investing objectives, financial situation or needs of any particular person.
This site is not intended to by used as the only source of currency trading information or forex education. It is important and assumed that traders use sound trading principles when using the online
forex trading information on this currency trading site. This includes trading common sense, sound money and risk management and full personal ownership of any trading decisions. Investors should
obtain individual financial advice based on their own particular circumstances before making any foreign currency investment decision.
ONLINE FOREX TRADING APPROACHES:

One of the online Forex Trading dilemmas facing new and experience Forex traders is the multitude of technical
analysis and fundamental analysis trading strategies and techniques available. Many of these techniques work better
in a trending or a trading market. It is important to be aware of all the trading approaches and aligning these with your
own personal preferences and trading profile. Below are the different trading approaches identified by Expert-4x.  

1        The "with the trend" trader
This trader is looking for a lower risk, going with the flow type of feeling when trading. It has been established that
trading with the trend is more rewarding and reliable than other approaches. Most trading techniques or black box
systems are with the trend systems. Expressions such as "let the trend be your friend" or "go with the flow" seem to fit
quite nicely into most people's philosophy and psychology.

The with the trend trader will wait for a trend to be established and then only enter into trades that are in the same
direction as the trend and ignore any trends that are in an opposite direction. The key requirement of this method is
the establishment of what the trend is. This is not always as easy as it sounds or would appear. Many indicators give
exactly opposite trend signals depending on what time scales you are looking at.


2        The retractment or retracement trader
The philosophy behind this trading approach is that any movement in the currency price, which is excessive and
unsustainable, is bound to retract or correct itself sooner or later. The excessive movements are measured by the
sheer rate of movement over a short time span, over sold / bought conditions, moving average line gaps, new highs or
lows, strong resistance and support areas etc.

The philosophy and psychology behind this approach appears to be almost directly opposed to the "with the trend
trader", but this approach is only in respect of method of entry. When the entry is made, a "with the trend" approach is
adopted until the transaction is terminated.

This is a high risk, high return approach which results in a high percentage of successful transactions but requires very
big stop losses should the transaction be entered into too soon. This approach requires the use of multi time frame
confirmations and experience to succeed but is very rewarding. Often fundamental information results in a trend
change.

3        The Breakout Trader
Traders who wait for low volatile markets or market opening jumps or economic information announcement days or
major news announcement breakouts are breakout traders.

This is a very opportunistic approach and the market needs to be studied very carefully to spot these opportunities.
These traders rely a lot more on the market's reaction to fundamental information than technical indicators, although
technical indicators can be used to confirm the breakout climate and the possible strength of the breakout.


4        The Price pattern trader
The Price pattern trader uses the breakouts from well-established price formations and trend line violations as their
entry criteria. These breakouts can be price continuations or reversals.

The philosophy and psychology behind this type of trading is that should the price move in a certain direction which
confirms a trend-line violation or price pattern completion it is likely that the move will be a considerable one and
worth entering into.                        


5        The fundamental information trader
This trader interprets the economic, political and any other news and bases trades on the anticipated impact on
currencies. There are many Internet based services providing ongoing minute by minute news, which impact
currencies, as a standard service to clients.  TV stations such as CNN and Bloomberg give excellent coverage in this
respect. Most major moves in the market occur as a result of favourable or adverse news. The problem is getting the
news timeously so that action can be taken. Most news has already been discounted in the market or the impact is so
great that the jump has already occurred, by the time the trader hears the news.


6        The multi-skilled trader
This trader adopts the approach of scanning the market and news for any potential opportunities that may exist during
the times that he trades. This trader is skilled in all the mentioned approaches and uses all or most of the approaches
to confirm a trade.   

CONCLUSION

One has to find an approach and a trading strategy that fits your personality, dedication, discipline levels, personal
circumstances and resources. There are success stories of specialist traders following one approach or even only one
technique, as well as traders using all the above approaches.
Training Menu
This trading course is intended to
be used in conjunction with our
Forex Trade of the day site
www.forextradeoftheday.com
which takes strategies and
concepts from this course and
applies them to day to day
trading. Also visit our
www.Expert-4x.com site for more
information
We hope that you find these notes useful and informative. If you have an queries or want to contribute
your views to the content of these note please use the contact us facility on this site. We welcome any
exchange that will enhance your Forex trading.
INTRODUCTION: Online ForexTrading approaches