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  #1  
Old 04-12-2010, 10:47
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Default Free Forex Trading Strategies Daily from Asia Forex Mentor

What is CONFLUENCE in Forex Trading?


Alot of people have this question in mind on what is confluence in forex trading.
And why is it so important.

Lets start with the Forex Market.
It is made up of traders (Big or Small) to determine the flow of the market.

For example: if there are more people buying the Bulls than the bears at a period of time. The market will most likely go Bullish. And so forth if it goes bearish.

Therefore, forex trading is about understanding the market sentiments. “Where is the big guys with the big influx of money moving the currency market to?”

And this leads to CONFLUENCE.

For example.

Forex Trader A trades only on Fibonacci signals

Forex Trader B trades only on Moving Average signals

Forex Trader C trades only on Support & Resistance

Forex Trader D trades only on Price action

Forex Trader E trades only on News

Forex Trader F trades only on Divergence

Forex Trader G trades on other indicator signals

Example: Forex Trader A sees a fibonacci signal which is strong and he enters it long. But Forex trader B & C sees their signal and took it short. The market will most likely head short if there are more traders who took it short than long. The bears won the game.

From this example, you can see why Confluence is so important in forex trading and why professional forex traders enter only on confluence.

When we combine all the signals, and if they come together in the same direction. Then there is a very good chance that the market will move your way. Because all the forex traders sees their signal (eg. long) and entered it. Regardless of which signals you see, it shows short.

This shows that, the more trading signals you get on your side of the trade, the higher the chance of winning.

Of course we need not wait until all the above forex signals come together. So long as we have 3-5 signals that comes together. We have gotten ourself a good trade. And if you take these kind of trades continuously, your forex account size is sure to grow.

It is Not only about Confluence but is also about how to be a CONSISTENTLY PROFITABLE forex trader.

To an awesome trading as always,
Ezekiel Chew
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  #2  
Old 10-12-2010, 00:00
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Join Date: Dec 2010
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HI there, I like the end of day trading strategy that only requires 15 minutes of our time in the evening and does not require us to spend hours looking at a screen , trying to decipher complicated charts.
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  #3  
Old 19-12-2010, 14:14
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Default forex

I think the last forex strategy will be more efficient as it can trade on other indicator signals.
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