Successful forex trading requires building a good strategy. Several technical indicators exist for forming the strategy. Here are given a simple, reliable and free forex trading strategy.

Trading Forex requires learning technical analysis for currency pair price. Many technical indicators exist that can be used for technical analysis. In the forex trading strategy presented here we use two main indicators and one more indicator that is used as confirmation for the price trend.

The two indicators that are used in the strategy are pivot point analysis and stochastic indicator. The confirmation indicator is the relative strength index (RSI). Let us see first an overview of these indicators and see then how are they applied together in the trading strategy to make decision on whether to buy or sell.

The pivot point analysis involves determining support and resistance level. The support level is defined as a level the currency pair cannot go below it for a large time period. Similarly, the resistance level is defined as a level the currency pair cannot go above it for a large time period. The pivot point analysis defines many levels at different strengths. The higher support or resistance levels the strongest level which means it is more likely that the currency price reverse direction at this level. This is the first indicator in our forex trading strategy.

The stochastic is an indicator that determines the degree of increase or decrease for a given period. The higher the value, the more the currency price increases over the period. The lower the value, the less the price is going. If the price is continuously rising over the specified period, the stochastic will be high for a large period and this is called overbought. Te reverse is true and will result in oversold condition. If this indicator is more than 80 % for large period, we say this is overbought condition. Also if it is less than 20% t is oversold condition. This is the second indicator that will be used in our forex trading strategy.

The RSI is like the stochastic but uses different calculations. It can be used to determine the overbought and oversold conditions. It is also used to determine the price trend. If it is more than 50 % the price is going high and the reverse is true. This is a confirmation indicator in our forex trading strategy.

The forex trading strategy given uses the pivot point analysis and the stochastic as the main indicators. The trader must first check the stochastic indicator. If it is high for long time (especially more than 80%) then it is overbought condition. Similarly, if the stochastic is low for long time(less than 20 %), then it is oversold condition. The trader must expect a reverse in the price when those two conditions are seen.

Once overbought or oversold conditions are seen on the price curve, the trader can see the pivot level at which the price reaches. The more the level the price reaches, the more likely that the price will reverse. For example, if the price is overbought and we see that the price reaches the R3 level or a higher resistance level, then a very strong probability that the price at certain point will reverse. The price also at this condition will change very strong which will make many pips.

The entry point of the trade at this forex strategy can be determined by the RSI. When the price is overbought or oversold and reached the highest pivot level (or break out that level) the RSI can be monitored to determine when to enter a trade. If it is higher than 50 %, the price is going high. If it less than 50 %, the price is going low.

Article Tags: Forex Trading Strategy, Pivot Point Analysis, Forex Trading, Trading Strategy, Currency Pair, Pivot Point, Point Analysis, Resistance Level, Oversold Condition, Price Reaches

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If you are looking for a franchise opportunity, the choice is mind boggling. There are literally hundreds if not thousands of different types of franchise available for you to invest in, with the same variety in cost. Each have their own benefits and usually the more you pay the more potential to earn. You obviously want to select a profitable business venture so it is important that you thoroughly research.

The major benefit of starting a franchised business is that the business model has already been proven. As a result, only 5% of franchises fail in a year compared to the 30% to 35% of non-franchise small businesses. This means that franchises are the most successful way to set up your own business.

Selecting the franchise that’s right for you.

Types of business franchises.

Have you ever wanted to take control of your life, run your own business from home and spend more time with your family? If you have you’ve probably already searched on the Internet using keywords like ‘Home Business Opportunity’ or ‘Work From Home’, and you’ve probably also failed miserably only finding scam opportunities and sites that want to take your money for nothing in return.

There are virtually no free opportunities on the Internet anymore. You just can’t get something for nothing. You can, though, buy the franchise for an established company and run it how you want to.

Some franchises, like Press-A-Print will offer you full training so that you can truly hit the ground running. Press-A-Print are a printing company and you get full training helping you become fully skilled at printing any image onto any product. Hands on sessions mean you will learn all the tricks of the trade, and the easy to use equipment is, of course, provided. This lucrative opportunity is available for around $20,000.

There are many different types of franchise businesses available including computer service businesses and even car repairs. There are a few examples at the end of this article.

Costs of buying a franchise.

There are other costs associated with buying and running a franchise of your own. There are usually less costs associated with beginning a home business; there are no building costs, no utility costs and no purchase costs but an online home based business isn’t for everyone and there are franchises to suit all your needs and requirements, whatever those needs may be.

There are always costs associated with setting up your own business, and owning a franchise is no different. The big difference, of course, is that you are buying a business that already has a proven brand and often popular well known name.

You will have to pay the initial franchise costs as well as the purchase of land or buildings or a security deposit on rented buildings. Often your dream location will need a little work to make it your perfect dream and this will all cost money. If your new franchise business is a produce selling business you may need the initial outlay to purchase goods or raw materials to create the goods. Shipping, sales tax, insurance, labour cost and solicitors and accountants fees may all play a part too and should be budgeted for but don’t let this put you off buying a franchise. They can be extremely profitable in the right hands. These costs can combine to total anything from under $50,000 right up to $1,000,000

Examples of franchises available.

V2K has a product that really sets itself apart from the rest of the competition. They specialise in creating window fashions, and their selling point is the virtual shop window. They create a computerized graphic representation of the window so that potential customers can see for themselves exactly what it would look like. Previously one of the main reasons that potential customers wouldn’t become paying customers was because they couldn’t ‘visualize’ the end result.

The V2K program means there is no need to purchase premises, and should you wish to do so, a simple storefront would do. No need to purchase any inventory thus saving you a little more money. No need to purchase a special company vehicle. Initial training is included in the start up fee along with ongoing support. The average total investment for this franchise is approximately $50,000.

Looking on the Internet for franchise opportunities you will see plenty of success stories pertaining to ‘The Little Gym’ franchise. As a stand-alone business, The Little Gym has been in operation since 1976 so you really are buying a proven business. The Little Gym helps children develop motor skills and builds confidence as well as burning energy and keeping fit and healthy.

The average outlay needed to own and run The Little Gym as a franchise is approximately $150,000 but you are not only buying into a proven name you are also helping make a difference to children in your area. A small price to pay.

The key to making a success in a franchised business is to choose a franchise that matches your interest. Is it food, automobiles, fitness perhaps? These days there’s a franchise for just about everything. Then, narrow down your options , taking into account the capital you can invest, the track record of the brand and the success stories of other franchisees. Due diligence is the key – thorough research at this stage, is the solid foundation for a successful business.

©2005 Nick Carter

Nick Carter is Webmaster of http://www.best-franchise-resources.com . As the name suggests, the website is aimed at being a comprehensive resource for anyone considering purchasing a business franchise.Smart what is cyclic redundancy check Fixer Pro is professional Cyclic Redundancy Check fixer. It can not only fix Cyclic Redundancy Check problems and errors but also quickly identify invalid entries that cause the computer to slow, freeze or crash. The product offers a set of tools to repair Windows registry problems, safely and securely speed up computer performance and optimize system settings. So you will enjoy many automatic fixes! A data error cyclic redundancy check (CRC) is an error-detecting code commonly used in digital networks and storage devices to detect accidental changes to raw data. However, with Smart data error cyclic redundancy check Fixer Pro, you can just click several button and all the related error will be completely fixed. It will instruct you how to fix cyclic redundancy check

We see offers on the net for a free astrology reading. Is it really free? Can you learn about your chart and find out more regarding your romance, career or financial future? Yes there are no cost offers and it is a good way to test an astrologer or psychic to see if you are compatible. Compatibility is important and you don't want to feel tension with an advisor.

Not just psychics and astrologers but also professionals such as lawyers and therapists will often give an initial free session to draw business and give a sample of their work. This is a great way to build up a relationship and see how you will work with one another. Of course they won't give you the full picture but suggest at the end to continue in a paid session. At that point you can evaluate things to see if the time was useful for you. It is like getting a free sample and a nice way to see if the situation will work for you or not.

Within the free reading with your psychic or astrologer you may be introduced to their line of products, future services and reading materials. This is their right as they are giving a free session. See if you click and want to work with them or study their articles online first before making a decision. Astrology helps us see our characteristics as well as those of the people we are attracted to or love.

Think out in advance what you wish to pursue in your free session to make the best use of your time. The session may be brief so pinpoint what you are most concerned about at this time in your life. Often it is about a relationship, financial difficulties or job issues, but it can be other topics as well. You may be concerned about your health or someone who you love's health. Or you may be thinking a lot about a friend from the past and wondering about getting back in touch. A lot of these areas weigh on us at night and cause insomnia. They concern us during the day and make us worried or anxious. To talk to someone with a gift who is insightful can relieve a lot of stress.

When you talk with the person, make sure that you are present to them and hopefully they will be caring and pay attention to what you are saying. If they seem distracted then this will not be a good match as you want someone who is aware of your needs and issues. A good listener and someone aware of where you are coming from is essential since the phone medium is not three dimensional. If someone is multi-tasking while talking to you that just won't be helpful. Someone who is empathic and has wisdom is the best type of reader and can give you intuitive perceptions about your situation to help you make decisions.

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