Trading FX System Powered By Dow Jones Index
For a period of over a year I have noticed string correlation between the DJI and the Forex market, I spent countless ours studying this phenomena until I finally had an idea to sum it all up in a 32 MB multimedia package summing this Forex Tutorial that explains in details how to use this strong correlation to trader advantage. This package shows the average trader 2 ways to win in Forex and one of these two way is via the close watch of the Dow Jones industrial average.
currencies valued by dollar move in the same direction following the Dow Jones Index, meanwhile US dollar valued by other international currencies move in the opposite direction of the Dow Jones movement with strong correlation specially while the London and New York sessions are still overlapping. A trader can take benefits out of this relation, because currencies and the DJI are so correlated and the delay time is only a fraction of a second, no one can really use the index to predict what the currency prices will be in the next second, however, there are observations that I noted in my book that will allow any trader spot the best BUY and SELL opportunities during the London NYC overlap trading period.
Forex Scalpers are the ones who can benefit the most from this package and by the end of the NYC London overlap they can spot as many as 5-10 great trading opportunities where they can attain 10 to 15 pips in quick profit based on this Forex system
Also in this package I provided another strategy for Forex trading and I tested it on hundreds of Forex accounts, another strategy based on daily patterns where the trader does not have to sit all day watching his trades. He simply makes only 2 trades a day or 1 trade every 12 hours. he sets a profit limit and checks back after 12 hours. Out of 100 days back that I tested, the strategy wins 96 times if the profit limit is under 15 pips. If you are to be satisfied with the great 10 pips per trade then you could have 97 winning trades in raw if you follow the daily pattern as directed in this multimedia Forex tutorial.
The package also comes with free trading open source software Metatrader 4 built in, so to start a demo practice account all you need is a click with no additional downloads and no web forms to fill out. Demo accounts will be automatically setup with a good broker where demo accounts mimic live accounts almost 100% except for extremely large orders.
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