SigmaForex - Why you Can Never Predict Forex Prices?

Many new forex traders think the core of a forex trading strategy should be predicting where forex prices will go. Try it and you will lose, you will win if you trade in a different way so why is prediction not the way to make money? Let's find out.

If you are predicting you are in effect hoping or guessing which is not a way to make money in any venture let alone forex trading. You cannot predict the future and if you try, your predictions will be as accurate as your horoscope.

There is however a big market in people who say they can predict and many theories that say you can such as Elliot wave, Fibonacci and Gann.

They argue that as human nature is constant so the markets must be as well.

However if you think about it this logic is obviously not true, because if markets were predictable with science, we would all know the answer in advance and there would be no market.

Markets move based upon uncertainty and while human nature is constant, it is not predictable with science - trading is a game of odds not certainties.

If you want to win you trade the reality of price change and don't try and guess in advance.

For example if you see a market testing a level of resistance you do not simply enter a trading signal - if you do you are trading against the trend and you could be wrong.

Instead you wait for prices to test resistance and wait for prices to turn back the other way.

Sure you miss the turn - but you couldn't predict that anyway, so there is no point trying!

How do you know when to trade.

The secret of correct market timing is using momentum oscillators. There are many you can use and three of the best are: RSI, ADX and the stochastic indicator.

We don't have time to go through exactly how they work here simply look at our other articles and make them part of your essential forex education.

The key advantage they give you with your forex trading strategy is they allow you to gauge shifts in price momentum. You can use these shifts, to allow you to trade the reality of a price change to achieve better market timing and more forex profits.

Practice Competition

Sigma Forex Ultimate Forex Monthly Champion

Interested clients who wish to take part in this competition shall send a request via email at

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Attached with the following information:

• Full name
• Phone number
• Current valid passport or government issued photo ID

It begins at the beginning of each month.

After recieving your request we will provide you with further details and with your Practice account login information which will be used in the trading contest.

Also you have to download Sigma Forex Platform to login with the account number and password after receiving them.

SigmaForex - Currency Trading is Easy to Learn But Most Fail Why?

If you look at the adverts online there all about how easy it is to learn currency trading and it is - ANYONE can do it but paradoxically 95% of traders get wiped out so why is this and how can you avoid the errors of the majority?

Let's look at the reasons why most forex traders lose. The first reason is they believe forex myths and here are the main ones:

- You can predict forex prices

- You can follow a forex robot with a simulated track record and make money

- You trade news stories

- You can day trade or scalp the market for regular profits

- You take expert advice

- You believe the markets move to a scientific theory

Believe any of the above and you will kiss goodbye to your equity.

Now let's assume you don't believe any of the above, you're sensible, level headed and want to win now, you still have one major obstacle to hurdle:

Applying your forex trading strategy with discipline.

Discipline is really what sets apart the winners from the losers.

Its talked about a lot - but most traders don't realize how hard it is ( until they do it ), to keep executing your trading signals when your losing and the market makes you look a fool - its hard, very hard.

Most traders lack the discipline to keep their losses small - but have even more problems accepting big gains. Again, this may sound like a paradox - as we all want big gains.

So why can't we accept them?

Let's look at an example:

A trader gets a profit and is pleased and the bigger it becomes the more he wants to take it "before it gets away" what happens open equity eats into his open profit and it becomes too much, he moves the stop up to close and gets taken out the market by random volatility.

What happens next?

The position goes back the way he though piling up huge profits and the trader's not in, because he didn't have the discipline or courage, to hold the position and accept short term losses to get the bigger prize.

Look at a forex chart and you will see forex trends last for weeks, months or years and many can make you tens of thousands of dollars for you on a small deposit - but you must have the discipline to lock into them and hold them - its hard - but it can be done.

You need a robust simple forex trading system you have confidence in which you have the courage to apply with discipline.

Sigma devotes serious effort to serve the emerging retail segment of the Forex community. Its commitment to providing an excellent customer service, innovative currency trading technology, and dealing practices, establishes Sigma as a notable force that traders look forward to for an advanced Forex charting, Forex news, and fund safety.

Customers funds deposited with Sigma, are held and maintained separately in separated trading accounts at our partner banks. Sigma also provides its customers a variety of account plans, and services to choose from when creating or adjusting a profile.

The professionals at Sigma are dedicated to providing the guidance you need to accomplish your investment objectives.

Three Top Charts With SigmaForex

Our first Chart of the Week is Converted Organics (COIN). As you can see on the daily chart, a long decline that lasted about six months brought it down from 17 to the 3 1/2 area. The stock bottomed in August, and then a price volume surge took it from about the 3 1/2 to 7 range in about a five-day period. A two-day pullback did about a 50% retracement, and that's when we added to our model portfolio.

Our next stock and Chart of the Week is Clean Energy (CLNE), which we've mentioned a few times in the last couple weeks, and there's no question as to why. Take a look at the relative strength of this stock in a market like we've had recently. Here's a move from 10 to nearly 20 in the course of the last 2 1/2 months.

SigmaForex devotes serious effort to serve the emerging retail segment of the Forex community. Its commitment to providing an excellent customer service, innovative currency trading technology, and dealing practices, establishes Sigma as a notable force that traders look forward to for an advanced Forex charting, Forex news, and fund safety.
Register Now With SigmaForex

The stock completely accelerated in eight sessions through the end of last week with a thrust in volume and technicals, breaking out over the 15 level and running up to Thursday's high of 19.69. What really is impressive is that the stock continually comes back from intraday sell-offs and closes near the highs for the day. Certainly the mini-channel bottom that was hit on Friday morning at around 17.79 reversed sharply as it closed at 19.04.

A Free Practice Account is a great way to experience the Forex market without risking any money. Open Now A Free $ 500'000 Account With SigmaForex and discover a whole new way to invest. Register Now With SigmaForex

Finally this week we highlight Biodelivery Sciences (BDSI). An impressive price volume surge occurred a couple weeks ago. On Thursday and Friday of that week the stock exploded on volume on some strong news and doubled from about 2.40 to near 4.80, with 4.74 being the high. Over the last four days of this past week it's had a nice pullback on lower volume, with much lower volume on Friday, in particular, and it appears to be in a bullish flagging formation. This is one of my favorite patterns: a flag right out of the breakout of the base pattern.

Forecast And Win An Account In Sigma

Get A Free Real Account

Through Sigma indicators you can forecast the upcoming prices of the pairs & get a chance to win a $ 50 live Sigma account.For participation please select the pair that you are predicting for it, then fill in the following form & don't foreget to write down your forecasted price.Sigma Forex encourage the clients to study and analyze Forex Market by giving them more promotion and more chances to begin trading at Forex Market.First: Choose one pair from the platform.Second: Try to use Technical And Fundamental Analysis to predict Friday's closing price for this pair.Third: Write down in an email the following data:1) Your Telephone Number2) Your First and Last Name3) The Choosen Pair4) The Predicted Price5) Your E-mail AddressFourth: Send this emails at Forecast@sigmaforex.com If at any time you need assistance please click on the Live Chat button on the right menu and one of our customer support staff will help you through the process.

SigmaForex LTD Registrations And Regulations

SigmaForex LTD is leading European professional online trading Brokers registered in the United Kingdom and most of the EU countries.

What is meaning by registered?

means that there is a company called SigmaForex LTD inside united kingdom & registered by United Kingdom Law & follow the governmental rules.

SigmaForex LTD registered & follows the governmental rules in United Kingdom and anyone can check that by visiting this official website: http://wck2.companieshouse.gov.uk/ this is a UK governmental website.

http://wck2.companieshouse.gov.uk/d8846c7fe805874be7c646b1ed4f10ce/companysearch?disp=1&frfsh=1216759237#result this is the full link where you can find SigmaForex LTD with the registration number.

SigmaForex LTD Regulations:

SigmaForex LTD working now to be regulated with FSA (United Kingdom Financial Service Authority) but now SigmaForex LTD is complying with FSA and many financial authorities like NFA, CFTC, FSC and others.

Why SigmaForex LTD not working in the regulation of NFA?

Most of Traders ask this question and it's a common question for any broker. Here's the answer; NFA (National Future Association) regulate the Financial Companies that based in United State and have Future Trading. SigmaForex LTD not inside United State and doesn't has Future Trading. But NFA rules are compatible with the rules that SigmaForex is following and you can check with your self.

Complying: Means that this company follows the rules 100% and meet their regulatory obligations efficiently.

Dear Trader, you must be involved and know the difference between FSA and NFA. Many Forex Brokers inside united State not regulated by NFA because they don't work with Future Trading but they are complying with them & follow the same rules as the Forex broker that regulated with NFA.

SigmaForex Answer You!

Question: Is SigmaForex Partner with FXCM?

Question: Is SigmaForex Partner with North Finance?

Question: Is SigmaForex Partner With Interbankfx?

Answer: For Sure SigmaForex is an independent broker.

Question: Why I see in the statement of SigmaForex Another broker.

Answer: Because you don't follow the instructions of Meta Trader 4

Question: What are these instructions?

Answer: 1^st You have to make sure that your new installation is separated from the other installations that already exist.

Question: Please, open a channel of understanding for me

Answer: Tell You What?!

Look there is a problem in Meta Trader which is that most of brokers are using it as a trading station. Also most of traders are using it without any suffer because it's so easy & so simple while trading.

But because most of brokers are using it so you may find a conflict inside your Meta trader & another Meta Trader for a different broker inside our PC.

For Example: SigmaForex & North finance: the both are different brokers

After installing Meta Trader of SigmaForex & After Installing the Meta Trader of North Finance I found SigmaForex-Demo inside North Finance Meta Trader 4! I thought they are related to each others but the truth is that they are different independent brokers, but while installing one of them a file has been transferred from one Meta Trader to the other.

Open C:\Program Files\MetaTrader - SigmaForex\config

Open C:\Program Files\FxPro MetaTrader\config

You Will find SigmaForex.srv

SRV file is a linkage between your setup & the server of the broker, so if one or more from these files transferred from one setup to another it will show you two brokers in the same Platform!

Errors In The MetaTrader 4 | SigmaForex

Strange and unbelievable!

Meta Trader 4 has the option that you can enter more than type of account for different brokers through the same platform.

For Example If you installed SigmaForex Platform, you will find in your drive C: / the following Pass: [C:\Program Files\MetaTrader – SigmaForex]

If you installed another Meta Trader 4 for another broker a conflict can be occurred because 2 Meta Trader 4 but for different Brokers.

Let's continue our example with another broker like FXCM or Interbankfx or Swiss Global Broker. All of them are using Meta Trader 4 as trading station. Let's Install FXCM Software.

You will find this pass in your Drive C: / [C:\Program Files\FXCM Trader 4]

N.B: Some Versions of windows copy the same folders while installing the same version of the software

That you may find FXCM installed inside SigmaForex & this one from the disadvantage in Meta Trader 4 & Meta Quote published this issue in their FAQs to be available for Traders to solve the issue.

The Solution is to open the platform that you are using e.g.: SigmaForex. Then Open a folder called Config. [C:\Program Files\MetaTrader - SigmaForex\config]

You have to erase All SRV files for other brokers & just leave SigmaForex-Demo.svr and SigmaForex-live.svr

And here's the post of the Meta quote from their website:

"Client terminal allows you to connect to any MetaTrader 4 Server. If you connected to another company's server from your client terminal, the parameters of that connection were stored in a special configuration SRV file in the "\MetaTrader 4\config\" folder of the client terminal.

To remove foreign servers from the server list of your client terminal, just go to the "\MetaTrader 4\config\" folder of the client terminal and delete the unnecessary SRV files."

MetaTrader4 Creats Conflict between SigmaForex and InterBank FX

Confusions seem to be endless with technical programs. As a result of using MetaTrader4 program, many intersections between different platforms occur.

Applying this fact between SigmaForex platform and that of InterBank FX, while installing any of them.

InterBank FX MetaTrader4: After installing InterBank FX MetaTrader4 you will find the extension

[C:\Program Files\Interbank FX Trader 4\config]

Open the folder that called "config" you will find InterBank FX Demo.srv and InterBank FX -Live.srv

SigmaForex also have the same Forex Software but under their name Meta Trader 4.

Let's run the setup of this software & go the same extension again [C:\Program Files\MetaTrader - SigmaForex\config], Open also [C:\Program Files\InterBank FX Trader 4\config]

The Same Folders, The Same Software make some version of windows rewrite the files in these folders with different names.

The Result:

That you will be able to be connected with two kinds of servers through one program!

MetaTrader4 Creats Conflict between SigmaForex and FXCM

Let's Do It Again Using SigmaForex and FXCM (Forex Capital Market)

MetaTrader4 is mostly used among brokers because it is so simple in use & easier for new traders in Forex market, and more accurate.

There are many advantages for this Forex Software but as we know that there is no perfectness without drawbacks; so, one of the most known drawbacks of Meta Trader4 that there is conflict in SRV files in its configuration.

For An Example:

FXCM Meta Trader 4: After installing FXCM Meta Trader4, you will find in C:/ driver a folder named Program Files

C:\Program Files\FXCM Trader 4 this is the extension of the FXCM Meta trader 4

Open the folder that called "config" you will find FXCM-Demo.srv and FXCM-Live.srv

SigmaForex also have the same Forex Software but under their name Meta Trader 4.

I want you to run the setup of this software & go the same extension again [C:\Program Files\MetaTrader - SigmaForex\config], Open also [C:\Program Files\FXCM Trader 4\config]

The Same Folders, The Same Software make some version of windows rewrite the files in these folders with different names

The Result:

That you will be able to be connected with two kinds of servers through one program!

Intersection between MetaTrader4 Programs

As you know that MetaTrader4 used widely among brokers because it is so simple in use & more easy for new traders in Forex market.

There are many advantages for this Forex Software but as we know that there is no advantages without disadvantages; so, one of the most disadvantages in Meta Trader4 that there is conflict in SRV files in its configuration.

For An Example:

FXCM Meta Trader 4: After installing FXCM Meta Trader4, you will find in C:/ driver a folder named Program Files

C:\Program Files\FXCM Trader 4 this is the extension of the FXCM Meta trader 4

Open the folder that called "config" you will find FXCM-Demo.srv and FXCM-Live.srv

SGB (Swiss Global Broker) also have the same Forex Software but under their name Meta Trader 4.

I want you to run the setup of this software & go the same extension again [C:\Program Files\Swiss Global Broker\config], Open also [C:\Program Files\FXCM Trader 4\config]

The Same Folders, The Same Software make some version of windows rewrite the files in these folders with different names

The Result:

That you will be able to be connected with two kinds of servers through one program!

SigmaForex Doesn't Have Any Errors

Strange And unbelievable!
Meta Trader 4 has the option that you can enter more than type of account for different brokers through the same platform.
For Example If You installed SigmaForex Platform, you will find in your drive C:/ the following Pass: [C:\Program Files\MetaTrader – SigmaForex]
If you installed another Meta Trader 4 for another broker a conflict can be occurred because 2 Meta Trader 4 but for different Brokers.
Let's Continue our example with another broker like FXCM or Interbankfx or Swiss Global Broker. All of them are using Meta Trader 4 as trading station. Let's Install FXCM Software.You will find this pass in your Drive C:/ [C:\Program Files\FXCM Trader 4]
N.B: Some Versions of windows copy the same folders while installing the same version of the software .

That You may find FXCM installed inside SigmaForex & this one from the disadvantage in Meta Trader 4 & Meta Quote published this issue in their FAQs to be available for Traders to solve the issue.
The Solution is to open the platform that you are using e.g.: SigmaForex. Then Open A folder called Config. [C:\Program Files\MetaTrader - SigmaForex\config]
You have to erase All SRV files for other brokers & just leave SigmaForex-Demo.svr and SigmaForex-live.svr

And here's the post of the Meta quote from their website:
"Client terminal allows you to connect to any MetaTrader 4 Server. If you connected to another company's server from your client terminal, the parameters of that connection were stored in a special configuration SRV file in the "\MetaTrader 4\config\" folder of the client terminal.To remove foreign servers from the server list of your client terminal, just go to the "\MetaTrader 4\config\" folder of the client terminal and delete the unnecessary SRV files."

On Balance Volume

It was generated by Joe Granville.On Balance Volume is one indicator that is designed to track changes in volume over time.On Balance Volume is a running total, volume indicator that is arrived at by adding or subtracting the day’s volume, depending on whether the closing price is higher or lower than the previous close.On Balance Volume Indicator is to buy when the indicator breaks out from its recent range and sell when it breaks down from its range, but it might take price a day or even two to confirm the move, so patience and other supporting trend change indicators will help.

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Volumes

Volume is a measure of supply and demand that is independent of priceVolume is usually light during the formation of the pattern and increases on a breakout from the pattern. For any pattern or trend line penetration, a breakout with increasing volume is more an indication that prices will continue in the direction of the breakout than a breakout on low volume.Rising volume levels when price is falling after a major peak gives supporting evidence that there is an underlying weakness in the security & warns that falling prices may continue.When price goes to a new high on increased volume, traders often compare volume with that which occurred during previous rallies in prices. If the current volume is less than the previous rally’s volume, there is a potential for a price trend reversal.

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Alligator

This technical indicator contains of three lines, which are Moving Averages with different parameters.The blue line: (chap) is a line of balance to the significant time period, which is used for building of the chart (13 period smoothed moving averages, shifted on 8 bars to the future.)The Red line: (teeth) is the line of balance for the significant time period, which is one step less (8 period smoothed moving average, shifted on 5 bars to the future);The Green line (lips) is the line of balance for the significant time period, which is one more step less (5 period smoothed moving average, shifted on 3 bars to the future).Interpretation: When the Jaw, the Teeth and the Lips are closed or intertwined, it means the Alligator is going to sleep or is asleep already. As it sleeps, it gets hungrier and hungrier the longer it will sleep, the hungrier it will wake up. The first thing it does after it wakes up is to open its mouth and yawn.Then the smell of food comes to its nostrils: flesh of a bull or flesh of a bear, and the Alligator starts to hunt it. Having eaten enough to feel quite full, the Alligator starts to lose the interest to the food/price (Balance Lines join together) this is the time to fix the profit.You should close all positions and wait until Alligator awakes again.The goals of this indicator are:- to give integrated way for monitoring of the moving of the market;- to represent a simple indicator to trade in the current trade only;- to create a protective way to save the money during the moving of the market limitet with the price channel.

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Accelerator Oscillator

Acceleration/Deceleration (AC) is introduced by Bill Williams; it measures acceleration and deceleration of the current driving force.When the AC value of the current bar is greater than the previous bar value, the histogram bar is colored in green (and vice versa). According to Mr. Williams this indicator will change direction before any changes in the driving force, which will change its direction before the price.The only thing that needs to be done to control the market and make decisions is to watch for changes in color. To save yourself serious reflections, you must remember: you can not buy with the help of Acceleration/Deceleration, when the current column is colored red, and you can not sell, when the current column is colored green.

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