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You CAN Benefit From Forex Market Swings

Never A Dull Moment With Swings

As long as our world remains uncertain, we can expect Forex market swings to happen all the time. One of the reasons we have been involved with Forex exclusively for the last 19 years is that “there is never a dull moment.”

It’s these changes in events and never ending breaking news that helps fuel these moves that create Forex trading opportunity almost daily. Our Trend Trader program has been set up to constantly monitor there changing events and identify trading trends and opportunities as they unfold.

Fed Announcement – Major Market Catalyst

The U.S. Dollar rally build up to the highly-anticipated interest rate hike from the Federal Open Market Committee on Wednesday was met with a Greenback sell-off when the actual announcement hit. This created a ripe field of Forex swing trading opportunities. Here are just a few of the trades we closed out since the Federal Open Market Committee (FOMC) announced the interest rate hike last week on March 15th.

SELL USD/JPY at 114.81, opened March 15th and closed March 20th for 226 pips.

SELL EUR/USD at 1.0623, opened March 10th and closed March 20th for 106 pips.

SELL USD/CHF at 1.0137, opened March 9th and closed March 16th for 173 pips.

Of course many of the trades are still open and trading and we may keep them open to fully take advantage of the ongoing move.

View full past performance.

Forex Market Webinar

presenters for webinar - teri and ben

Upcoming Forex Webinar – presenters Teri Patterson and Ben Lewis

Learn more about how you can benefit from Forex market swings with a free upcoming webinar.

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Trade Copier & The Human Touch

Trade Copier – The Human Touch

Unlike a robotic EA, a Trade Copier can benefit from the human touch. The EA software itself doesn’t just generate automated trades based on the data in the MT4 chart, which could be set up incorrectly or based on false market data. Rather a Trade Copier, such as the one from takes trades generated by a trading system on a master account, and trades are monitored and supervised by human traders as they are copied into the follower accounts.

navigatorThese trades are copied using EA technology from the main account, referred to as a “master” account to the follower accounts, called the “slave” or “Client” accounts.

As long as the Aforex software is online and running at the time the trade is placed in the Master account, all slave accounts will receive the exact same trade directly in their MT4 platform. The best way to keep an MT4 account online 24 hours a day is with a VPS.

Unlike EA’s set up like a robot, you don’t have to download the EA on to each chart in your MT4 platform. You just run it once, on any chart and any time frame, and you’ll automatically receive the trade copied into your MT4 platform.

Trend Trader  – Trade Copier

The beauty of the AForex Trend Trader strategy is that since 2010, the strategy has given profitable performance on a consistent basis year after year. Results are tracked and verified by 3rd party myfxbook and shows that from November 16, 2010 – February 6, 2017 it has returned 605% Gain.

Not only is the strategy well documented and historically profitable (please see risk disclaimer for more information about risk), the software is constantly updated to work well with current versions of the MT4 platform. The software is easy to use and easy to set up, and our well-trained account representatives are available to make sure that the software is set up correctly on your VPS, or ours.

If you are like so many traders who already trade on the MT4 platform, and you are looking for a solid EA, why not try out the Aforex Trader Copier system.

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MT4 – The Most Widely Used Forex Platform

meta-iconWhy Millions Use MT4

Millions of traders all over the world know and use MetaTrader4 (MT4.) While being extremely user friendly and easy to learn, MT4 also offers advanced technical analysis, trading indicators, and apps compatible with Android, Linux, Windows, IOS and Mac OS. But the most popular reason that traders use MT4 is for Expert Advisors (EAs).

What is an EA?

EAs are a plugin software that connects to the MT4 platform. With EA’s, traders can automate trades in their account without having to give up their trading privileges or sign any legal documents such as an LPOA. To use an EA, all traders have to do is download it and install a simple software onto their MT4 platform.

But not every solution is without its drawbacks.

The Cons of Trading With EA’s

Most EA’s are fully automated system programmed to run as a trading robot, often unmindful of major market events and announcements. They have technical programming built in to generate trades based on the data in the MT4 chart.
Since they are robots, if you run the EA on the wrong time setting or the wrong currency pair, you could receive false trades or errors. Also, often EA’s that work for a few months could eventually become out of date if there is a lack of human intervention to keep the EA current with market conditions.

The Pros of Trading With A Trade Copier EA

In my opinion, the best EA’s are less of a robot and more of a Trade Copier. An EA that is set up as a Trade Copier is more reliable than an EA that is set up like a robot.

How? This is discussed in the following article: Trade Copier & The Human Touch

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5 Tips To Help Brave The Yen Pairs | Forex Trading

Yen Sign Strong Superhero Success Professional Empowerment Stock ConceptYen Pairs – Yen Crosses

Highly volatile, action-packed and full of energy; are you brave enough to trade the yen pairs? Huge, sudden moves can either douse you with pips or drown you with losses. While all the yen crosses are considered beasts, Forex traders often call the GBP/JPY “the dragon” or the “widow maker”; this pair can really move!

If you are trading the yen crosses, (AUDJPY, EURJPY, USDJPY, GBPJPY) there are 5 things you should keep in mind

1. Keep an eye on USDJPY Price Action

This pair is the leader of the yen pairs. Price action on the USD/JPY often seeps into the other yen crosses; so be mindful of what is happening on the Forex major pair. For example, if the USDJPY crosses over a critical support or resistance level, it may indicate that the GBPJPY will do the same.

2. Remember – The Yen Is A Safe Haven

The yen carries status as a safe-haven currency, and as such the yen pairs are heavily affected by shifts in risk sentiment. When the markets are in a risk-taking mood, currency traders ditch the low-yielding yen and look to trade high-yielding currencies such as the Aussie. Conversely, when risk is less, then the yen tends to rally.

Because borrowing costs are very low in Japan, the yen is a popular preference for carry trades. Carry trades involve borrowing or selling an asset with a lower interest rate, such as in this case the yen, and using it to purchase an asset with a higher interest rate, such as the aussie or kiwi.

3. The BoJ Factor

Direct market interventions are not frequent, but if there is one currency most commonly affected it is the yen. These moves on the part of the Bank of Japan can cause wild spikes that can make or break you. So when trading the yen, it is important to assess the likelihood of the BoJ to intervene, which is more likely during a yen rally. Remember, the BoJ prefers a weaker yen for the overall Japanese economy.

4. The Time Of Day Matters

The yen pairs move with more liquidity during the open market hours in Asia, but just because the markets are closed in Japan doesn’t mean that the yen pairs have stopped moving. The EURJPY and GBPJPY experience good movement during the European session and the USDJPY can move a lot as the USA markets open.

5. Choppy Breakouts

Trading the yen pairs could be optimal for traders looking for large moves or volatility, but trading these pairs is not very smooth. Due to the yens volatile nature, and any of the crossovers can experience big swings in either direction at any given time. This choppy characteristic means that small stop losses and scalp trades can be more harmful than helpful, as trades may get stopped out prematurely on a spike. Make sure to set your stop loss on every trade, but not so tight to avoid false stop outs.

Trading Yen Pairs

These 5 tips are to help you with tame the yen pairs, and we hope you’ll benefit from these suggestions.

At Aforex, our Trend Trader strategy benefits from price action on the AUDJPY, EURJPY, GBPJPY and USDJPY. From November 2010 until January 19, 2017 this trading strategy has gained 612% returns, and has performed consistently year after year. If you are nervous to trade the yen pairs manually, but still want to participate in trading opportunities, learn more about trading with Trend Trader.


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Forex Knowledge: Trading the Yen (USDJPY)

market-up-andJapan – Benefits Of A Weak Yen

As an export-driven country, Japan depends on a weak yen to USD to keep exports competitive and to improve the bottom line of Japanese merchandise and products. A weaker yen bodes well for Japanese exporters because American consumers get more value for the USD when buying Japanese products. The weak Yen drives the Japanese economy and is what has made Japan’s finance ministry famous for interventions in the Forex market for mass selling the Yen to decrease the value of the currency.

Yen – Explained With Car Sales

For example, let’s say you live in the USA and wanted to purchase a car from Japan. Let’s not worry about export fees and all the other expenses and factors involved, and let us just discuss the price of the car and how this is affected by the exchange rate.

In this scenario, the car being purchased from Japan is being sold for $22,000 USD. If the car was sold when the Yen was at its yearly highest level of 98.81 for every $1 USD in June 2016, the Japanese car seller would have received ¥2,173,820 for the car.

Now let’s say the same deal was made to purchase the car for $22,000 USD when the Yen was at its yearly lowest price of 118.65 for every $1 USD in December 2016.  The Japanese car seller would have received ¥2,610,300.

While the price for the U.S. consumer stayed the same, $22,000; it made a huge difference to the Japanese car seller and exporter to have a weak Yen and resulted in a much better price to sell the vehicle overseas.

Trading the Yen in 2017

As we embark on to 2017, the USD continues to rise steadily against the Yen. Will it continue? That remains to be seen. The movement of Forex currencies is based on many factors, and the value of the USDJPY can change based on events both in the United States and Japan. Our Trend Trader strategy loves to trade the USDJPY and from October 22, 2010 until December 29, 2016 saw 1592 USDJPY trades.  Whatever is next, you can be confident that we will be trading as the untold story of the USDJPY unfolds in 2017.