Currency Trader December Issue

Free Download Available for the December 2010 issue of Currency Trader magazine HERE.

Just sign up on the Subscribe button on the left if you haven't already. It's a great ezine on Currency Trading that comes free each month. Enjoy!

Currency Trader November Issue

Free Download Available for the November 2010 issue of Currency Trader magazine HERE.

Just sign up on the Subscribe button on the left if you haven't already. It's a great ezine on Currency Trading that comes free each month. Enjoy!

2011 Options Expiration Calendar Posted

The Options Expiration Calendar for 2011 has been uploaded to the site. The PDF download is located on the Forex Home page. Click HERE.

To Your Success!

FX News Data XLS Updated

The FX News Data XLS file has been updated with events logged through 12/4/10.
To download the free file go to the Forex Home tab and look under 'Education'.

Click HERE to go to Forex Home.

To Your Success

Using ForexFactory Calendar, DST ended

The US went off daylight savings time this past weekend. This slightly impacts how we pull the data from ForexFactory.com for event filtering.

When I pull ForexFactory econ calendar now I changed the DST setting to DST OFF. I am still selecting the same Time zones as previously to get the correct times for local and FXDD server.

To your Success!

Forex Statements from your Broker - Warning!

This is a heads up message to all traders.

The brokers are required to send daily statements out to traders. It is easy to assume all is OK and not verify balances (or review the statements) but recently a big broker (FXDD) had some 'problems with statements' and they came out with incorrect balances..of course less than what the MT4 platform showed.

Bottom line..please be sure to look at those statements if you can twice a week to verify the balance matches your MT4 platform balance. There should not be a difference. If so, contact your broker immediately and demand they correct it.

To your success!

Forex EA Review Sites - Pros and Cons

Many Forex traders count on the Forex Software review sites to determine if a specific system or Expert Advisor is worth buying. Unfortunately the reviews on some of the sites are tainted and Forex Traders using these sites should be aware of what could be going on behind the scenes.

Being one that is offering systems and EAs for sale, we are occasionally contacted by those stating they have a review site and asking us to provide them with free software to test. Here is how I usually reply to such requests:

We don't offer free product for those wanting to test or consider promoting our products. We do offer referral fees to clients, but not 'affiliate sales'. Our EAs are not on Plimus, ClickBank or other similar service. PipMania does have a link to the live data feed, so potential buyers should be ok with that..other than they might trust a review site over our testing. One of the main concerns about other people testing our EAs, especially if they are just given the EA, is that they likely won't read the entire guide and follow the recommended trading rules. Though there are some runs that can be set up to run non-stop, we found the best success comes with filtering events. Most of our EAs work that way. Clients are advised to review the upcoming news for the week each weekend to determine the trade times for the EA. PipMania can be set up at the beginning of the week and left to run non-stop. Paradise and Trumpeter can also be set up that way. But many testers, typically don't want to fuss with this so they will likely not have as good of results which could possibly give the EAs a poor review.

We are here to work with clients to give them any assistance they require to get them seeing consistent success. Because we don't do affiliate sales, so to speak, our client base is small and it allows us to give better service. Most clients only need help in the beginning, or prior to purchase.

A site that seems to allow honest reviews: Forex Peace Army.
You can read our reviews at this link:
http://www.forexpeacearmy.com/public/review/www.secretsfromtheheart.com

Sites that have removed favorable posts from our clients: Forex Factory
The posts can still be read here but have been moved to Recycle Bin:
http://www.forexfactory.com/showthread.php?t=25817

Another site where a client posted favorable reviews and they were removed and the client was banned from posting: the forum at Forex-FxTrader.com
Here is the thread, but like I said our client's posts were removed (apparently they weren't happy that we didn't give them free product):
http://www.forex-fxtrader.com/forum/colleens-corner-expert-advisor-tests/664-pipmania-other-eas-secretsfromtheheart.html

We hope you find this information helpful.

FIFO Brokers - EA changes

Due to the brokers that are adhering to the FIFO (First In First Out) rule we have coded an option feature in the Paradise and Trumpeter EAs so the client can choose to have the EA close trades on that basis. We also added the new Reassessment feature to the Paradise EA, which we had recently added to the Trumpeter EA. Clients needing an updated version should contact us and it will be sent at no additional charge.

The Paradise Guide and xls file have also been updated inside the special Private Client area.

Trump2G New Version released

It has been over 6 months since the last revision to this EA but we found a recovery method for when the EA gets caught in a bigger move which we coded in the new version. In back testing this new feature works for most instances but it is still recommended to do the weekly event filtering. Details of the changes for clients are posted on the Trade Call page. The new version is Trump2G5.

FX News Data XLS Updated

The FX News Data XLS file has been updated with events logged through 10/16/10.
To download the free file go to the Forex Home tab and look under 'Education'.

Click HERE to go to Forex Home.

To Your Success

Paradise EA Success Guide revised

An revised version of the Paradise Expert Advisor Success Guide has been uploaded to the Private Client Area. This combines the previous guide with the supplement. A revised XLS file should be posted in the next few days, updating the older settings with the current version fields completed.

Currency Trader October Issue

Free Download Available for the October 2010 issue of Currency Trader magazine HERE.

Just sign up on the Subscribe button on the left if you haven't already. It's a great ezine on Currency Trading that comes free each month. Enjoy!

Fx Informant add to VIP Area

The Fx Informant tracking tool was added to the VIP Area 9/19/10. For more information of this product go to:
http://www.secretsfromtheheart.com/fxinformant.htm

See all products available to VIP Members here:
http://www.secretsfromtheheart.com/free4vip.htm

To learn more about becoming a VIP Member, please go to:
http://www.secretsfromtheheart.com/vipinfo.htm

Enjoy!

FX News Data XLS updated

The FX News Data XLS file has been updated with events logged through 9/18/10.
To download the free file go to the Forex Home tab and look under 'Education'.

Click HERE to go to Forex Home.

To Your Success

FOREX Glossary available for Download

We have just completed a Forex Glossary which should be a handy reference guide to understanding different Forex and many financial terms. The PDF file may be downloaded free from the Forex Home page under 'Education'.

Click HERE to go to Forex Home.

To Your Success!

Currency Trader September Issue

Free Download Available for the September 2010 issue of Currency Trader magazine HERE .

Just sign up on the Subscribe button on the left if you haven't already. It's a great ezine on Currency Trading that comes free each month. Enjoy!

Caution regarding Pharmaceuticals

Here is a good video on You Tube from a former Pharma Drug Rep

Video is here (embedding is disabled):
http://www.youtube.com/watch?v=KqmeB6GB25Q

This endorses what is stated in the One Minute Cure book, info here: http://www.secretsfromtheheart.com/wellness.htm

FX News Data XLS updated

The FX News Data XLS has just been updated. Go to Forex Home to download the latest file.

Driveway Tax Coming In Mission - WHAT NEXT??

Mission driveway tax – this is over the top!
Posted 8/19/10 on:
http://www.kmbc.com/news/24691172/detail.html#COMMENTTOP

New Tax Is Effective In December
MISSION, Kansas -- (Mission is a suburb in the greater Kansas City area)

Mission has adopted a new tax that will charge fees based on how much traffic specific properties generate.

The Mission City Council on Wednesday adopted a "driveway tax" as a way to raise revenue for road repairs in the Kansas City suburb.

Under the new program, every homeowner will be charged $72 a year and small businesses will pay $3,558 a year, beginning in December.

Larger businesses will pay more. For example, a Target store will pay up to $64,750 annually.

Mission officials previously said homeowners would be charged on average about $72.

City officials say the fee is expected to raise $1.2 million a year to help finance $38 million in road improvements during the next 10 years. It will also be used to fund a new express bus service between Overland Park and the Country Club Plaza.

City Administrator Mike Scanlon has said that the tax is fair and justified. He said the tax has been successfully imposed in other states.

Banks STILL giving away money - CASH IN!

Greetings to my internet friends,

Yep, you read it right and this is no hype or come
on. This is legit, the REAL deal and I don’t want
you to miss out on this. I shared this before and
the deals are still out there. Do This!

When I first heard about this I thought, man,
banks must either be desperate or in such bad
shape that they
are offering an incredible CASH BONUS to open
an account with them. And I blew it off!

I thought, I don’t trust banks. These are the guys that
created the financial mess the whole world is now trying
to get out of. Yes, banks are FDIC insured but I had still
black-listed them and decided my money was safer in
local credit unions that pay better interest, are federally
insured and don’t make toxic loans.

Finally, I woke up, wised up and started cashing in on this
limited time offer.

Several banks and credit unions are currently offering
$50 - $100 or more to a new customer who opens an
account with them and follows their few rules to get the
CASH BONUS. Most offers allow you to open the account
online within minutes and the funding requirement can be
as low as $100 or just a few hundred dollars, yet they will
pay you $100 in as little as 30 days.
Terms and conditions vary between institutions.

I have personally taken advantage of several of these offers.
This is the only way I know of to get some benefit from these
places that are paying such lousy interest on deposits.

What would YOU do with a few hundred dollars more?

Please share this with your friends so they can CASH IN too!

Hurry, these offers expire soon! Some offers are already gone.

to your success,
Patty Kubitzki
SecretsFromTheHeart.com
~ your guide to empowerment living

Below are the links to the offers. Please verify all offers, terms
and conditions prior to opening and funding an account.


Chase Bank: $100 cash bonus, expires 9/30/10
Click here or copy and paste the link below.
https://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/shared/marketing/page/130679_filtersrmx_champ&ID=0000011305&MSC=Z1frm50226368

FOMC Interest Rate Expectations

The ISM manufacturing report for July showed that the sector slowed from 56.2 to 55.5 but surpassed expectations of 54.5. As look at the breakdown revealed that orders and production were slowing with inventories building, signs that the sector is headed for a slowdown. A slight pickup in hiring was the bright spot but not enough of an improvement to impact this week’s employment report which is forecasted to show the economy lost 63,000 jobs in July with the unemployment rate rising to 9.6% from 9.5%. The lack of job growth has dim the outlook for future growth and continues to weigh on interest rate expectations with fed funds futures now only giving a 3.9% chance of a rate hike in November.


Source Bloomberg – Prepared by John Rivera

FX News Raider EA

The FX News Raider Expert Advisor can be used to trade other news events during the month. We used it on 8/4/10 to capture 50 Pips on Gbp/Usd after the US ISM non-manufacturing data release.

Learn more about the Fx News Raider EA HERE.

Currency Trader August issue

Free Download Available for the August 2010 issue of Currency Trader magazine HERE .

Just sign up on the Subscribe button on the left if you haven't already. It's a great ezine on Currency Trading that comes free each month. Enjoy!

Is News Relevant in Forex Automated Trading?

News absolutely does impact the currency market movement. Nearly all of the EAs (auto-trading robots) we create at http://www.SecretsFromTheHeart.com are meant to be turned on and off according to different news events of the week but it's easy to figure this out. Though ForexFactory.com does list most events, there are some they don't, such as Options Expiration; an event that happens every 3rd Thursday and Friday each month and typically dramatically moves the market.

Through over 5 years experience in trading the Forex, I've determined that it's best to not try to trade the most volatile news such as FOMC rate statements and NFP (non-farm payroll) at the release due to broker slippage and re-quotes. But we did create an EA called FX News Raider to trade NFP news with success but not the immediate release. This EA can also be used with other news releases to profit in Forex trading. Opportunities are usually at least a couple of times each week. Go to http://www.secretsfromtheheart.com/fxnewsraider.htm to learn more.

One of the things to look at when studying history of the market movement after a news release is the 'duration of move'. An event such as FOMC may only last 10 minutes, where other events may last hours, depending on the currency pair traded.

It's also important to keep up with current news just in case a surprise event happens.

to your success,
Patty