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When you know how to correctly read price and candle patterns you can identify the beginning of the next big wave and the most profitable entry for your trades. The price graph will also give you clues about when that wave is slowing down so you have time to tighten your stops and maximize your returns.

The markets today are providing us with great trading opportunities. The positive reaction to the interest rate news sent stocks skyrocketing, which made for some wonderful trades if you positioned in early. Many of those stocks, however, are due for a pullback. And what a perfect time to be trading because once you learn to identify the typical pullback, or retracement patterns, you can use those to enter trades before the next big run into earnings.

Here’s An Example:

A pattern that we usually see before a stock makes a run into earnings is a rectangle. A rectangle pattern is created when a stock moves up and down in a small range for a short period of time. This type of consolidation is more of a sideways move, during which time the stock doesn’t loose much of its value, but the options do become cheaper as the volatility decreases. An example of a recent rectangle is a trade we did in the two day Technically Speaking Workshop during which we bought calls on Freeport (FCX). This trade was done because the stock had just broken out of a rectangle pattern and, as you will learn in the Technically Speaking Workshop, we teach entering trades on the first or the second day of the move.

This trade was based on a contingency order at $92.50 on the Breakout Entry #1 seen below. This teaching method allows you the flexibility to trade as an end-of-day trader so you don’t have to be tied to your computer. The first entry was one that was triggered while unable to watch the markets. On the second day, there was an additional entry above $93 as the stock opened up outside of the rectangle. That is Breakout Entry #2, and is the pattern used to enter the trade in the Technically Speaking Workshop. As you can see below, FCX has rallied to a closing high of $108.67 – almost a fifteen dollar rally since entering the trade!

Another Example:

Another pattern that you might see as stocks pull back from the recent rally is a Flag pattern. This is similar to rectangle but one that is tipped on its side. With this type of pattern the stock pulls back in price and gives a better entry price into the trade. DryShips, Inc. (DRYS) formed just such a pattern this month as it retraced about ten dollars before heading to a new high. Below, you see the Flag pattern outlined in blue with the Breakout Entry #1 around $71. The second day provided another opportunity to enter the trade at around $75 before the stock rallied to a new all time high of $81.65 (at the time of this report). Depending on what day you would have entered the trade, this has been anywhere from a six to ten dollar upward move in the stock.

When you can properly identify pattern such as these and more you will have the skills needed to correctly read a price chart to determine when the retracement has ended and when you should enter a trade. That is how you enter trades near the beginning of the next big move.

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Learn more about how to read price and candlestick patterns to enter the right trades at the right time and earn maximum profits.

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UFXBank is a UK based brokerage house comprising of a quality team of Finance professionals who share over 50 years combined experience in the Forex industry. Their trading platform is provided by ParagonEx, which is an incredibly reliable browser based platform that allows users access from just about anywhere where there is an internet connection. UFX Bank provides the most up to date charts and feeds which, as any experienced Forex trader knows, is essential to success in this industry.

Through the UFX Bank website clients have access to Forex tutorials, daily outlook videos, daily market updates, trade recommendations, tips, and strategies. This can be very useful to market participants of all levels. Gold and platinum clients also have additional features available to them, such as live market alerts and market signals sent via SMS, to name a few. -

Here is a brief list of features and benefits UFX Bank provides its customers:

• No commissions and no fees
• Fixed market spreads
• Over 40 Currency Pairs
• Commodities trading
• Binary options trading
• $100 Minimum deposit
• Remote assistance
• One-on-one chat with Forex experts
• Remote assistance and personal coaching through trading
• Daily market update and trading tips, including signals, market reports, and other useful tools
• Live market alerts and signals via SMS text message…(Advanced Traders)
• Browser-based trading platform
• Advanced site security
• Great selection of payment options

Commission, Fees, and Fixed Market Spreads

UFX Bank does not charge any commission or fees to their clients. The company makes money on the spread, meaning that they make their money on the difference between the buy and sell prices. They offer a fixed spread, so that regardless of how the market is moving on a given day, the spread for each currency pair will remain at a fixed amount. So, if the fixed spread on the EUR/USD is 3 pips, any time you make a trade, you only have to pay 3 pips on the pair.

Trading Options

There are over 40 currency pairs available for trading on their platform. There are brokers who offer more and many that offer less, but you’ll find that the vast majority of traders stay away from the more obscure currencies because of the lack of information available on them. They offer all of the necessary currency pairs and then some.

One of the great features of UFX Bank is that in addition to currency markets, they also offer traders the option of trading in commodities. The last few years have seen huge fluctuations for oil, gold, and other commodity prices, making this is an amazing advantage because it allows us to get in on a market that enjoys considerable movement.

Binary options trading is an additional trading option, which allows traders to enter the market on an over-under position through a given time frame that yields high return percentages. This is certainly one of the major features that sets this company apart from others.

Low Minimum Deposit

This is a nice option for the low-budget trader or the beginner who wants to start off small. Most traders will probably find that a $100 investment makes it very difficult to produce the kind of returns one expects in trading Forex. On the other hand, with 200:1 leverage, it still allows a trader to experience trading in the market with some risk versus trading on a demo (something UFX also offers).

Remote Assistance and Personal Coaching

This could be the main feature that distinguishes UFX Bank’s unique approach to helping traders understand their trading platform and ultimately succeed.

Imagine being able to have a support member show you the features and functions of your platform on your own desktop – that is what remote assistance is all about. In addition to this, UFX Bank will provide you with a personal coach to walk you through your first trades to make sure that you understand how the system works. Now, that’s the type of dedicated support a person can look forward to!

Trading Tools including SMS signals and Alerts

UFX Bank offers daily market updates and outlooks, weekly reviews, daily recommendations, technical and fundamental Forex analysis, charts, graphs, one-on-one expert advice, and other helpful tools. Many Forex sites also provide their own analysis and other tools for trading, but it’s nice to know that UFX Bank does its part to provide all the tools necessary for traders of all levels. For advanced traders, they also offer market signals and live market alerts via SMS text. This allows a trader to remain aware of market conditions even if he’s unable to monitor them throughout the day.

Trading Platform

ParagonEX is the platform of choice for UFX Bank. This is an advanced and highly reliable web/browser based platform that provides accessibility through their website, as opposed to a downloadable client that some Forex brokers choose to employ. The main advantage here is that you can access the trading platform anywhere you have internet access instead of being limited to anywhere you have access to your trading client.

Security Features

Safety and security have always been a paramount concern in the minds of traders. Most of us would never even consider an FX broker unless we were convinced of its accountability and honesty in financial statements and interactions with the customer. To that end, UFX Bank implements the industry standard 128-bit SSL encryption system, along with multiple backup facilities at server farms which are protected by armed guards at all times, as well as a sophisticated system of firewalls in order to prevent any unauthorized access to client or company information.

Conclusions

With so many options of where to trade out there in the world of Forex, it is refreshing to come across a brand of broker as well-rounded as UFX Bank. They seem to be offering the most competitive product on the market today. The services they provide many Forex brokers do not, and those that do offer similar services, usually have minimum deposits in excess of $500. While it may be possible to find another broker with a lower minimum deposit or maybe a slightly better spread on some currency pair, the overall product and service you are receiving with UFX is hard to beat. UFX Bank is a great company with a high-quality product and a solid reputation in the Forex industry.

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Still, with all the advantages of estate planning, many people make a great many mistakes in the process. The most common mistake when it comes to estate planning is not getting around to doing it at all. Make sure that you take the time to plan at least the financial portion of your estate so that you leave your loved ones behind with some amount of security. The following seven mistakes often put families into great difficulty after a loved one’s passing.

1. Don’t fall into the trap of thinking that estate planning is just for the rich. This is completely false as planning your estate is essential for anyone who has any amount of assets to leave behind. Many people don’t realize that their estate is as large as it really is, especially when they fail to take into account the assets from their home.

2. Remember to update your will and to review it at least once every two years. Factors that can change information about your beneficiaries include deaths, divorce, birth, and adoption. As your family structure changes so does the change in your assets and who you want to leave them to.

3. Don’t assume that taxes paid on your assets are set in stone. Talk to your financial planner about ways that your beneficiaries can avoid paying taxes on your assets. There are several strategies for tax planning so that you can minimize taxes or avoid them altogether.

4. All of your financial papers should be in order so that it’s easy for someone to find them. Make sure that one of your loved ones has information on where to find the papers necessary for planning after your death.

5. Don’t leave everything to your partner. When you leave all of your assets to your spouse you are in reality sacrificing their portion of the benefit. You’ll get an estate tax credit but will forfeit part of this if your spouse is your only beneficiary.

6. Ensure that your children are well planned for. Many people take a lot of time deciding what to do with their assets and forget that they need to appoint guardianship for their children. There are many details to take into consideration when it comes to guardianship.

7. If you don’t have a financial advisor, get one. Financial Planners and Advisors are trained intimately in these matters and can provide asset protection well above whatever fees they may charge. If you need help selecting the right financial advisor, get the Financial Advisor Report.

The above mistakes are common when people are planning their estate. Take the time to plan for your death even though you think that you have years before it becomes an issue. The key to successful estate planning is being prepared.

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