10 Reasons Why You Should Be Online Forex Trading Today

The internet has revolutionized foreign exchange (forex) trading. Today, anyone can be an online forex trader. Here at 10 reasons why you should be online forex trading today:

1. With access to a computer and the internet you can instantly open a mini forex trading account with a forex broker for as little as $250. There are no lengthy opening proceeds to complete. This means you can start your forex trading today!

2. With a minimum opening balance with a forex broker being available for as little as $250, forex trading is the only real possibility for everyone to enjoy the thrill and spills of trading in a market on a daily basis. That's not to mention the fact that everyone can now make money from an investment trading opportunity.

3. Forex markets are open 24-hours a day. This makes forex trading the only investment strategy you can take up which never goes to sleep.

4. Forex trading gives you access to an almost unlimited market for a minimal up front investment. For the first time, a trading market is open to both small and large investors, competing with one and other to make a profit on their trade.

5. Generally, commission fees are much lower with online forex trading than is the case with other forms of trading, such as stock trading. This means that not only can you start to trade with a small opening account balance, but less of your profits will get taken up with commission charges taken by your broker. As such, online forex trading can claim to be the only market this is available to all.

6. With access to the forex market being made available 24-hours a day, as an investor you can easily adjust your forex portfolio at any time of the day or night. The great benefit of this function is that if the market is taking a hit in Tokyo, you don't have to wait until New York opens before you can react to
this movement. You have the ability to act as soon as you see or feel that things are moving.

7. Unlike stock market trading, with fore trading it is easy to trade in exotic currencies and to speculate on markets outside of your home country of residence. Also, with many of the underlying factors being the same, you do not need to do extensive research or training in order to take advantage of this superb facility.

8. Most influences on a forex market are global. As such, unlike other forms of speculative trading, influence of the market by one person, organization or government is going to have much less of an impact on the market. Consequently, there is more control on what the influencing factors are than is the case with other investments.

9. With a mini forex trading account you can elect to do complicated day trading transactions or long-term investment strategies. The great scope of different types of forex trading available to you means that you can have a truly diverse forex investment portfolio.

10. Forex trading is fun, easy to learn, and offers traders a very real alternative to traditional forms of investment strategy.

While online forex trading has numerous attractive reasons why you should be online forex trading today, always remember that you should include this as part of your overall investment strategy and seek the advice of your financial advisor if you intend to make this a major part of your investment portfolio.

Kobas Forex Trading Strategy

KOBAS STRATEGY

Timeframe: Any (but I recommend from 15 minutes chart and above)
Indicators:  Moving averages (Exponential)

i. Period 5 (Yellow)
ii. Period 10 (Magenta)
iii. Period 15 (Red)
iv. Period 65 (White)
MACD (Default settings)
You can also change the colors to Red and Dark Turquoise as shown
below.

Entry Signals

The signals are classified into 5 sentiments for the indicators
i. Bullish
ii. Bearish
iii. Consolidation
iv. Bullish Consolidation
v. Bearish Consolidation

Which means that the moving averages and the MACD can give signals based on any of
the 5 sentiments.

Although, we have four Exponential moving average indicators but, I will classify them
as two different indicators i.e, 5, 10 and 15 as one and then 65 as another indicator for our
signals.

We now we have:
Indicator 1 - EMA (5, 10, 15) 
Indicator 2 - EMA (65)
Indicator 3 - MACD with Red and Dark Turquoise colors.

SIGNALS FOR EACH INDICATOR

Indicator 1: Whenever there is a crossover of the three EMA (5, 10, 15), then wait until
they split distinctively according to the periods or colors as shown on the chart, then a BUY or SELL is confirmed depending on the direction at that point in time (Bullish or Bearish).If they are all together, that means consolidation.

Indicator 2: Check the angle of the 65 EMA
Upward angle: Bullish (BUY)
Downward angle: Bearish (SELL)
Flat: Consolidation (NO TRADE)

Indicator 3:  MACD
   Red line is the MACD signal line
Dark Turquoise bars are the MACD cloud
Zero level (0.00) separates BUY/SELL regions

If the Red line is above the zero level (0.00), that means BUY (Bullish) but if it is
below the zero line it means SELL (Bearish).

If the Dark Turquoise bars are above/below the zero line, that means BUY
(Bullish)/SELL (Bearish).

If the MACD signal line (Red line) is inside the MACD cloud (Dark Turquoise),
above/below the zero (0.00) line, that means BUY(Bullish)/SELL(Bearish).

If the MACD signal line (Red line) comes out from the MACD cloud (Dark Turquoise) above/below the zero (0.00) line, that means Bullish consolidation/Bearish consolidation.

Now, let me bring everything together. You must make sure that you consider these five
sentiments before taking a trade:

i. Check the three EMA (5, 10, 15).
ii. Is the market trading above or below the white line (65 EMA)?
iii. Check the angle of the white line (65 EMA).
iv. Check if the MACD signal line (Red line) is above/below the zero(0) level
v. Check if the MACD signal line (Red line) inside the MACD cloud.

Let’s apply all the rules on the market and see:

As you can see on the chart above, the 3 EMA (5, 10, 15) separated (SELL) and the
candles are below the white line (SELL). The white line (65 EMA) was angling down
 (SELL) and at the same time the MACD signal line (Red line) was below the zero level
(0.00) (SELL) and entering the MACD cloud (Dark Turquoise) (SELL).

For every signal, make sure the five sentiments shows BUY/SELL before you take a
trade.

Exit Signals

You can pullout from a trade when the MACD signal line (Red line) comes out of the
MACD cloud for short time traders or when the signal line crosses above/below the zero
level (0.00) in an opposite direction of our trade for position traders. Look at the chart
below: