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  1. Is online trading a good source of earning? The answer is simple: trading is the best option in this growing world. Forex trading has already gathered a large market worldwide, and the world economy is affected by it very much. With a great strategy like the Forex swing trading strategy, you can create multiple profitable trades. What is swing trading? In Forex trading, wins or losses depend on how strategic you are. There are several strategies for trading Forex. "Swing trading" is one of the best strategies for this. But I need to clarify that swing trading is a style of trading rather than a strategy. It's a reliable way that ensures gains within a comparatively concise time sequence. This strategy follows a short/medium trading form. Here traders generally hold positions for several days or a few weeks. Profits are gained by identifying the 'swing highs' or 'swing lows.' This strategy is popular among full-time job holders as they cannot monitor the charts all day long to trade. They trade in leisure time and spend several hours examining the market to make a trade. You can find many forex swing trading strategies pdf online to gather some knowledge. Swing trading is different from day trading. Here the main aim is to gain profit within a day. It's not for the long-term player. A swing trader can fix a trading convenience with a timeframe, and it can be for several days or a few weeks. People whose motive is to profit early can quickly go with swing trading. Swing traders first use technical analysis to find out their trading position. Traders observe price trends and patterns through charts and decide to open the positions. Those interested in swing trading should learn every single thing about Swing Trading. I hope this article will be beneficial for them. Forex swing trading strategies pdf is an excellent choice for learning in-depth knowledge about forex swing trading strategy. How does Swing trading work? Swing trading is the best option for the trader who has a full-time job or can't monitor charts all day long but has a particular time to analyze the market and remain up-to-date with the global economy. In a swing trading strategy, currency pairs' price is up-to-date through technical analysis. This trading aims to identify 'swings' with a medium-term trend and get in only when they point out a high probability of winning. Here traders buy a currency at the time of 'swing low' and then sell them when it's on 'swing high.' In swing trading, trades last more than one day. For weather volatility, it required more considerable stop losses. A Forex trader must have money management along with his trading plans. So, Is forex good for swing trading? Since swing trading Forex works best on the higher time frames, open doors are restricted. You may just get five to ten arrangements every month. Be that as it may, the return from everyone can be a lot more prominent than the individuals who day trade. Often you can observe trades are just against you during the holding period because of currency pairs' fluctuation rate. It fluctuates more for a short time frame, but you need not worry much about it. Here the most important thing is to claim your desire one in time. If you cannot do so, it can affect your overall profits. Why do forex traders use swing trading? Forex trading captures the world's largest market. Here being strategic is much more critical. Swing trading strategy is one of them, and it's becoming popular day by day. This system isn't concerned about the long-term value of a particular currency. Its work process is finding profit through a high swing point. It can work all day, but you can select a specific period. First, look at the orange horizontal line. It represents what is known as a level of crucial support. Between late May and the middle of June, we can see that it was tested on three separate occasions but held up. However, after a recovery period, the New Zealand dollar plunged past the 0.649 level line and continued to fall. That being said, News trading is also something that is quite compitable with swing trading. In terms of news trading if you want to get access to latest and controversial economic news then you should follow Express news. At this point, the possibility of a swing trade loomed into play. NZD had not been worth as little as 63 cents for four years. By the time it reached 0.630, it was already trading at around 9% below in March. Ultimately you can ask: Are Swing traders more profitable? So my answer will be: Swing traders expect to make a ton of little wins that amount to huge returns. For instance, different traders might stand by five months to acquire a 25% benefit, while swing traders might procure 5% gains weekly and surpass the other trader's advantages over the long haul.
  2. 50 pips a day Currency exchange strategy has been developed as a day trading strategy for one-hour timeframes to profit from approximately half of a currency pair's intraday volatility. This strategy, however, only works with a limited number of currency pairs. The major currency pairs, such as GBP/USD and EUR/USD, are ideal for this strategy. Main Rules Of The 50 Pips Strategy The 50 pips a day Forex strategy is most likely the most straightforward strategy available. And to put it into action, you only need to take a few simple steps, which are as follows: Your maximum profit per trade is 50 pips. Although this tactic is straightforward, it is not the most profitable. Numerous other strategies can help you increase your profits, but they are more complex than this one. The fundamentals of the 50 pips strategy. The 50 pips a day Forex strategy is most likely the simplest. And to put it into action, you only need to take a few simple steps, which are as follows: 1. On your chart, place a 1-hour candlestick at 7 a.m. GMT. This timezone is ideal for capitalizing on daily movement with this strategy. 2. You should place two opposing pending orders when the 7 a.m. GMT 1-hour candlestick expires. The first pending order is a buy stop order two pip above the high, and the second is a sell stop order two pip below the low. 3. The currency pair's price will move towards one of the orders, activating it. While executing one of the orders, the other must be canceled. 4. A stop-loss order for a buy order should be placed approximately 5-10 pips below the low of the 7 a.m. GMT candlestick. A prevent order for a market sell should be roughly 5-10 pips above the 7 a.m. GMT candlestick high. 5. Place a 50-pip take-benefit request. When the resource's cost arrives at the stop-misfortune request or more grounded position request, the position would be naturally shut. If you follow Forex media companies such as Fastbull, you'll know that the cost may not arrive at any of these orders before the day's over, and you'll need to choose whether to close it or keep it open for a more drawn-out timeframe. The Risk Management In The 50 Pips Forex Strategy Albeit the 50 pips per day Forex strategy is easy to carry out and typically brings about benefits for traders who use it, it can likewise bring about misfortunes. Accordingly, traders shouldn't endanger cash they can't bear to lose. A few traders might be enticed to utilize strong influence to build their benefits. They ought to know that influence is a two-sided deal that can amplify the two benefits and misfortunes. Assuming that your intermediary empowers you to utilize a following stop-misfortune request, you ought to do as such. The advantage of a following stop-misfortune request is that when the cost of the speculation moves in support of yourself, the stop-misfortune moves with it. It permits you to shield your income while limiting your misfortunes. When the cost ascends against you, it stays steady, all things being equal. Are 50 Pips A Day Strategy Good For Me? The 50 pips per day forex strategy is an incredible choice for traders who need to acquire a decent benefit with the most negligible association. You should open two restricting future orders, select a stop misfortune, and take the benefit request for the request that is executed, then drop the other one. Assuming that sounds energizing to you along these lines, you ought to attempt it. Besides, stay away from the following trading myths. 50 Pips Per Day Forex Strategy - Where To Find Out More Assuming you are fascinated by this Forex strategy and might want to look into it, you have the chance to do it by perusing a book that makes sense of this strategy inside and out. The book is 50 Pips A Day Forex Strategy, composed by Laurentiu Damir. Laurentiu Damir is a Forex trader with 14 years of trading experience that began collecting digital trading books in 2012. He has composed various trading digital books from that point forward, yet the 50 Pips A Day Forex Strategy is the best one, having a four-star rating on Amazon. In this digital book, the writer clears up the way of thinking behind this strategy and how to increment the likelihood of creating gains while utilizing it. You can peruse this book for nothing by downloading it from Amazon or different spots on the web. You can download it as a digital book or get it as a softcover. To conclude, this strategy is straightforward and usually very effective, it does not guarantee that you will always make 50 pips profit with it, so use caution. To reduce risks, you should be cautious when setting stop losses for your trades and, if possible, use a trailing stop loss. Also, avoid using a lot of leverage.
  3. Intraday trading, often known as day trading, is where a person buys and sells financial assets such as stocks and shares on the same day. Even if intraday trading is a risky way to invest your money, you may profit if you trade with caution and techniques. Intraday trading is a dangerous and unique technique to invest your money compared to traditional stock market investment. This blog will cover the different intraday trading strategies and tricks that beginners should learn. Consider these tactics essential because there are other aspects to consider before beginning to trade. Advice For Intraday Traders Must Follow: Intraday traders must do their research and take it seriously; It should not be considered a hobby. It is nothing less than a job that needs your full attention and focus. Traders should never let their emotions get in the way. Now We'll Take A Look At 10 Intraday Trading Strategies: Momentum Trading Strategy The stock market changes every second, and this method is based on taking advantage of that Momentum. Before a significant market movement occurs, we must follow the appropriate stock. Based on current headlines, mergers and acquisitions, profits, and other factors, stocks are chosen. Traders use this fluctuation to purchase and sell assets. The price of a company might fluctuate due to various external reasons, so investors must keep up with the latest news on the equities they're tracking. The stock's market momentum determines the investor's holding period. Breakout Strategy When purchasing and selling shares on the same day, precise timing is critical. The intraday trading method entails following a stock that has broken out of its normal trading range. A trader uses this approach to join the market when the stock's price rises over its resistance and support levels. Breakouts need immediate entry and exit from the market with little time to waste. This is a significant risk since nothing will be left to buy following the getaway. Traders determine the breakout price level and then wait for it to happen. Reversal Strategy This trading method is more complicated than the others since it includes a significant level of risk. Investing decisions are made here against market tendencies but based on analysis and calculations. Traders are on the lookout for equities trading at extreme lows and highs. These stocks have a decent possibility of reversing their trend. The transaction is performed when the reverse value comes to the deal's limit. When security moves backward, a stop is signaled. The traders then wait for the stock to reach its maximum range of movement. Scalping Strategy This strategy makes money by exploiting slight price movements. It's a frequent intraday trading strategy for buying and selling commodities. Traders that participate in high-frequency trading employ this strategy. The primary and technological setup are of little importance in this scenario. Traders who use this strategy should select both liquid and volatile equities. It's also crucial to set a stop loss. This is a well-known Forex trading strategy. Moving Average Crossover Strategy Another excellent intraday trading strategy is the moving average crossover strategy. When the price of a stock or other financial instrument rises above or below the moving average, Momentum has changed. An [Uptrend] occurs when the price of a stock rises above its moving average. On the other hand, a downtrend is defined as a downward movement in stock prices. Traders are advised to adopt a long position and buy equities if the market is on an uptrend. Traders initiate short positions and sell their shares when the market is in a downtrend. Gap And Go Strategy This strategy includes locating equities with no pre-market activity. Gapers are areas on a stock market chart when no trades have been performed. Earnings, takeover announcements, further rise, and other causes can contribute to the disparities. During market opening hours, these gaps are prevalent. Traders that use this strategy find these equities and buy them in the hopes of bridging the gap before the closing bell. Pivot Pivots Trading Strategy The pivot point trading strategy is often called the trader's best friend when it comes to pinpointing levels to generate a preference, place ends, and pinpoint possible profit benchmarks for trade. Traders use pivot points both on commodity and stock exchanges. It is calculated relying on the prior trading sessions' highs, lows, and close prices and predicts support and resistance levels in the current or upcoming session. Traders can use support and resistance levels to determine entry and exit points to stop losses and profit-taking. Traders use pivot points inequity and entity interactions. They're estimated based on the heightened, downward, and closing prices of earlier trade sessions, and they're used to forecast help and resistance levels in the present or forthcoming session. Traders can use these support and antagonism ranks to decide entry and exit points for stop-losses and profit-taking. Pullback Trading Strategy Traders that use this strategy search for a situation in which a long-term trend is being pushed in the other direction. While following the trend, this strategy keeps him from losing. The weakness is bought, and the strengths are sold in this strategy. After a breakout, it's an excellent time to purchase pullbacks. Fading Trading Strategy Fading, also known as contrarian strategy, is when traders enter a high-momentum trend with the opposite circumstances. As prices change against the real bid-ask, a market dealer or broker who does not hold his bid or offer for an extended period of time is said to fade their markets. Prompts are frequently used with fading and other applied behavior analysis (ABA) tactics. Fading is reducing the amount of help needed to complete tasks or activities. The overarching aim for the learner while teaching skills is for them to participate in the activity independently. Fading is an anti-trend trading strategy and if you want to have a indepth overview regarding this aspect then you should follow CurrenciesFactory. Rather than following the trend of a monetary instrument, traders want to go against it. Because price swings in the market are huge, there are always overreactions, and the fading strategy says that when a stock price is on an unsustainable run for the lid, investors will quickly take gains, sending prices back down. As a result, you may swiftly sell stocks by using the fading strategy, taking advantage of the drop as profit-takers make their bets. Robo-Trading Strategy People's daily lives have been revolutionized by technology. It is now engaged in almost every aspect of life. As Robo-trading becomes more prevalent, the stock trading strategy will inevitably change. This Robo-trading strategy differs from investing through Robo-advisors such as Betterment or M1 Finance in that it focuses on long-term investment plans. Robo-traders are trading machines that produce trading signals using complex algorithms and frequently execute transactions on behalf of traders or customers. Cheers!
  4. Users have been warned against a new malware designed to steal crypto from browser extension wallets such as MetaMask and Coinbase Wallet. Security was never the strong suit of browser-based crypto wallets to store Bitcoin (BTC), Ether (ETH), and other cryptocurrencies. However, new malware makes the safety of online wallets even more complicated by directly targeting crypto wallets. P.S: Trade with a trusted Forex broker! That works as browser extensions such as MetaMask, Binance Chain Wallet, or Coinbase Wallet. Named Mars Stealer by its developers, the new malware is a powerful upgrade on the information-stealing Oski trojan of 2019, according to security researcher 3xp0rt. It targets more than 40 browser-based crypto wallets, along with popular two-factor authentication (2FA) extensions. Metaverse, Nifty Wallet, Coinbase Wallet, MEW CX, Ronin Wallet, Binance Chain Wallet, and TronLink are listed as some of the targeted wallets. The security expert notes that the malware can target extensions on Chromium-based browsers except Opera. Sadly, it means some of the most common browsers such as Google Chrome, Microsoft Edge and Brave made it to the list. Also, while they are safe from extension-specific attacks, Firefox and Opera are also vulnerable to credential-hijacking. Mars Stealer can be spread through various channels such as file-hosting websites, torrent clients, and any other shady downloaders. After infecting a system, the first thing the malware does is check the device language. If it matches the language ID of Kazakhstan, Uzbekistan, Azerbaijan, Belarus, or Russia, the software leaves the system without any malicious action. For the rest of the world, the malware targets a file that holds sensitive information such as crypto wallets’ address info and private keys. It then leaves the system by deleting any presence once the theft is complete. Hackers are currently selling Mars Stealer for $140 on dark web forums. Meaning the barrier to access the trojan is relatively low for malicious actors. Users who hold their crypto assets on browser-based wallets. Or use browser extensions like Authy to utilize 2FA are warned to be cautious against clicking dubious links or downloads.
  5. The world of foreign exchange, or forex, can be daunting even to experienced hands-on investors. However, there are plenty of books on the subject of currency trading, ranging from basic introductions to the forex market to advanced strategies based on fundamental analysis and technical analysis. These are five of the best that have stood the test of time and the forex market's ups and downs. Here are four hugely effective books: Currency Trading for Dummies by Brian Dolan Currency Trading for Dummies is one of the best of the lot for beginners. It presents clear, easy-to-read instructions on currency trading and descriptions of the forex market. In fact, it's not a bad read for more seasoned hands who need a quick refresher on the basics. It's regularly used as a resource by the financial media. Originally published in 2011, the updated book was co-written by Brian Dolan, former chief currency strategist at Forex.com, and Kathleen Brooks, director of research at Forex.com. P.S: Participate in the New Year promo Contest of LiteFinance & Win iPhone 13 Pro Max! Day Trading and Swing Trading the Currency Market by Kathy Lien Kathy Lien is a world-renowned currency analyst, BK Asset Management's managing director, and a frequent guest on Bloomberg, CNBC, and Reuter's programs. Now in its third edition, her book employs a two-pronged approach that combines theory and actionable learning with balanced insight into the fundamental and technical forex trading strategies designed to generate regular profits. Lien walks readers step-by-step through Forex fundamentals such as the long- and short-term factors affecting currency pairs. She also covers the technical analysis trading strategies that professional forex traders use on a daily basis. Japanese Candlestick Charting Techniques by Steve Nison Steve Nison's Japanese Candlestick Charting Techniques is credited with introducing this versatile technical-analysis tool, now widely used by forex traders, to the Western world. The book provides a lengthy and in-depth education on candlestick charting, which is also used for futures, speculation, hedging, equities, and anywhere else that technical analysis may be applied. Nison's work is ideal for traders seeking to up their trading strategies game. As they do, they might want to consult one of the sequels. Nison has written: The Candlestick Course, Beyond Candlesticks: New Japanese Charting Techniques Revealed, and Strategies for Profiting with Japanese Candlestick Charts. How to Make a Living Trading Foreign Exchange by Courtney Smith Courtney Smith begins How to Make a Living Trading Foreign Exchange with an introduction to the world of forex that explains how the market works. But most of this 2010 work is devoted to making money, offering six strategies to earn a steady income by trading. He also provides important risk management techniques as well as material on the psychology of trading. It includes an explanation of Smith's unique "rejection rule," a strategy designed to double the profit generated from basic channel breakout systems. cheers!
  6. Risk control is an essential part of trading. The sooner a trader understands its significance, the quicker he will begin to earn income at Forex. It is important to incorporate risk management into your trading system; however, the truth is that only experienced traders can efficiently manage their capital. However, do not forget they also used to be beginners. So, read and learn! Why Risk Management Is An Integral Part Of Trading At Forex? For many people who begin to trade in the currency market, it is very difficult to accept the fact that trading always involves risks and the task of a trader is to minimize these risks. Some beginners ignore risk management and do not achieve success in trading, shifting to some other type of business, which seems safer to them. Let’s consider the following example: Note: Celebrate The 2022 New Year With LiteFinance And With Apple Gadgets! (More on litefinance.com) How many professional drivers have ever thought that their job is always associated with risk, and one of their tasks is to minimize existing risks? It seems that only a few people are aware of these risks. There are lots of drivers on the roads, good and bad, experienced and beginners; you can even meet a drunk driver or a sick one on the road. There are also plenty of different types of pedestrians. Plus to this, there are slippery roads and potholes on the roads. Professional drivers have to face these facts every day. But who thinks about all these difficulties when a person receives his/her driving license? At the same time, when people join the world of trading, they think about the risks, although the situation on the roads is similar or maybe even more dangerous than in trading. Note also that income of a driver cannot be compared with the profit, which a person can receive in the currency market. Forex trading risk-free sounds so unreal to an average forex trader. How is it possible to trade forex without risk when in every trade, about 85% of participating traders are unsuccessful? It may sound farfetched but it is possible to trade forex with little or no risk at all. Here are some things every forex trader should do to avoid losing money in the market as a result of risks. How To Minimize Forex Risks? So, what to do? In order to minimize risks, a driver follows traffic rules on the roads and applies some practices in order to increase vigilance. A trader does the same thing. First of all, a trader uses indicators, and reviews important macro-economic data that may confirm the signals, etc.), secondly, a trader has to undertake some additional steps in order to protect capital. Risk & Money management is one of the most important and fundamental trading skills that any trader needs to dominate in order to become consistently profitable. In the following educational video, the trader will attempt to address this complicated (and usually overlooked) subject by sharing his money management tactics and demonstrating his real-time open positions.
  7. Everyone trading on the exchange must know and understand what a swap is. In my rather long professional career, I have come across many situations where people lost entire deposits simply because they didn’t know how swaps worked. In other words, if you understand well what swap is and how it works, you can protect yourself from unnecessary losses and even use swaps for additional profit. This concept is as important as leverage. Note: Participate In The New Year Promo Contest And Win Exciting Apple Gadgets! Now let's figure out what fx swap is. A foreign exchange swap is the difference in the interest rates of the banks issuing the two currencies, which is credited to or charged from the account when the trading position is kept overnight. The central banks of each country determine the key interest rate. This is the rate at which the central bank lends to other banks. This rate may change throughout the year. But its starting value is determined at the first meeting of the central bank of the year. On the foreign exchange market currency pairs are traded. Two different currencies are involved in the transaction, and each of them has its own interest rate. The currency pair contains the base and the quote currency. The former is the currency we buy and the latter is the currency we buy it with. The base currency is also called the deposit currency. This is our currency and the exchange uses it on a daily basis. Therefore it must pay us a certain percentage for it. The quote currency is also called the counter currency. It belongs to the bank and we borrow it from the bank. Therefore we pay interest to the bank for the use of its currency, like with a consumer loan. A swap is negative when you pay it or positive when it is paid to you. If there is a negative swap (with a minus sign), it's crediting to your trading account will end when you withdraw the funds (points). If the difference in the interest rates gives a positive swap, the money will not be withdrawn from your account, but rather a certain number of points will be credited. Thus, if the client has an open position at the close of the New York trading session, a currency swap operation is enforced. This means the position is simultaneously closed and opened for the new day. But on the client's account, there is no actual closing and opening. Rather the credited or charged interest is simply displayed. However, there is a day when this operation is tripled. This is called a triple swap day. For forex currency pairs, this is Wednesday to Thursday night. This is because settlements on the exchange for a position open on Wednesday are made on Friday. Therefore, the calculations for the position carried over from Wednesday to Thursday are done for the next day. And the next business day after Friday is Monday. This adds up to 3 days. Swap in trading is different for each instrument. It wouldn’t be convenient to constantly calculate them, so brokers provide special swap tables. My broker has a swap table you can use here. How to Calculate Swap In Forex? In order to understand when we pay swap and when it is paid to us, let's talk about how is swap calculated in forex when buying or selling: There is a simple formula, as shown above. The most important parameter of this formula is the rates of the central banks, or rather the difference in the interest rates of the base and quote currencies. For example, let’s compare rates for the EURUSD currency pair. The ECB rate is now at 0% (loans are effectively free), and the Fed rate is set at 0.25%. So if we buy a currency pair, we must subtract the quote currency rate from the base currency rate: 0 - 0.25 = -0.25. This means when buying this pair, the difference in rates is negative, and therefore the swap will be negative. But when selling a pair, on the contrary, we need to subtract the base currency from the quote currency: 0.25 - 0 = 0.25. The swap will be positive. This operation only gives us the positive or negative sign of the swap (which means either you pay or get paid). If we want to calculate the swap value itself, we need to substitute all the values into the formula. FX Swaps and Cross Currency Swaps: As I said above, there are several types of swaps. Now let's take a look at the difference between the three main types of swaps.
  8. Hey folks, It’s Robin Roy From Khulna, Bangladesh! I’m a trader and a financial author opting to share the experience and knowledge that I’ve gained throughout the year. Are you also from Bangladesh too? Let’s share our experience and get even better as a Forex enthusiast. Are you ready? Let’s get introduced!
  9. I just found this Forex course and it helped me to understand how the forex market moves, You can download it for free using the link below. Also let me know in the comment section if the link is not working again. Thanks Regards. Click Here To Download The Course
  10. One of the hidden truths behind profitable trading is to focus more to avoid losses than making profits. Not only at the beginning but you also have to always focus on avoiding unnecessary risks and losses. And, take my words this should be your main objective in order to build a successful trading career. Question: How the hell do I even do that? Answer: Stop-Loss orders are the smart solution that will be able to diminish your troubles. Besides, Stop-loss is used by numerous traders all across the globe. It prevents you from making haste decisions. And the next BEST thing? Your trades will be stopped on certain points which often saves you from HUGE losses. Because what’s there to say, " The Forex market is quite unpredictable". So, the stop-loss order can be referred to as a vastly essential trading asset for both experienced and new traders. From ForexCopier.com you should get a few advanced benefits: Ignore original order’s SL and TP. Set custom SL and TP for orders which are opened on Receiver account. Move SL and TP of copied order according to the difference between prices of initial and copied orders. Think of a stop-loss as an insurance policy: You hope you never have to use it, but it's good to know you have the protection should you need it.
  11. Liquidity pools ask a pool of tokens locked during a smart contract. These tokens are wont to initiate cryptocurrency trading by liquidating them. Liquidity pools are broadly relied upon by many decentralized exchanges to extend user participation and facilitate trade. Bancor introduced liquidity pools, but it became widely known when Uniswap adopted it. A liquidity pool is an automatic market maker that gives liquidity to stop huge asset price swings. On the opposite hand, As for the Forex market, liquidity pools mean a gaggle of market makers that fill a broker’s order book with bid and ask requests. A Tier 1 liquidity pool provider opens access to major market makers, including the world’s largest banks, hedge funds, investment , etc. As for Tier 2 providers, they'll connect a broker to a particular bank or to the pool of several institutions. The advantage of using liquidity pools is that it doesn't require a buyer and a seller to make a decision to exchange two assets for a given price, and instead leverages a pre-funded liquidity pool. this enables for trades to happen with limited slippage even for the foremost illiquid trading pairs, as long as there's an enormous enough liquidity pool. How Do Liquidity Pools Work? In its basic form, one liquidity pool holds 2 tokens and every pool creates a replacement marketplace for that specific pair of tokens. DAI/ETH are often an honest example of a well-liked liquidity pool on Uniswap. When a replacement pool is made , the primary liquidity provider is that the one that sets the initial price of the assets within the pool. The liquidity provider is incentivised to provide an equal value of both tokens to the pool. If the initial price of the tokens within the pool diverges from the present global market value , it creates a moment arbitrage opportunity which will end in lost capital for the liquidity provider. this idea of supplying tokens during a correct ratio remains an equivalent for all the opposite liquidity providers that are willing to feature more funds to the pool later.
  12. Western Texas Intermediate (WTI) crude oil is climbing for the fourth day in a row, surging almost 1%, trading at $73.86 at the time of writing. The market sentiment is downbeat. Major global equity indices closed with losses, except for the Japanese Nikkei and Topix, which reported gains of 2.06% and 2.31%. Meanwhile, as the New York session advances, the S&P 500, the Dow Jones, and the Nasdaq record losses between 0.01% and 0.25%. Meanwhile, the US Dollar Index, which influences the price in commodities stills up some 0.17%, at 93.25.
  13. Forex News - NZD/USD jumps to 0.7055 as the US dollar slides across the board US dollar drops across the board after US CPI data. NZD among top performers on Wednesday, supported by RBNZ expectations and risk appetite. The NZD/USD jumped from 0.7000 to 0.7055, reaching the highest level since Friday following the release of US inflation numbers. The pair then pulled back, finding support at 0.7035. The kiwi is consolidating the rebound from the 20-day simple moving average that stands at 0.6980. AUD/NZD is back at the monthly low at 1.0455. US data triggers dollar’s slide The Consumer Price Index grew at an annual rate of 5.4% in July, the same of June (highest in 13 years). The CPI rose 0.5%, in line with market expectations. The greenback dropped sharply across the board after the numbers, amid a rally in US Treasuries. Also higher equity prices contribute to weaken the US dollar. If expectations about a sooner-than-expected taper from the Federal Reserve gain more intensity, the dollar could recover momentum. Still, analysts at Westpac consider the kiwi should be more resilient than most developed currencies to USD strength given New Zealand’s strong fundamental outlook. “Multi-month, the NZD is supported by the NZ economy’s expected strength over the remainder of this year, the RBNZ’s signalled rate hikes, NZ-US yield spreads, and a positive outlook for NZ commodity prices. Our year-end forecast for NZD/USD is 0.74 (which is coincidentally where our estimate of fair value currently is)”, argue Westpac analysts.
  14. Bitcoin is the most popular instrument among traders dealing in the cryptocurrency market. Since its first appearance in 2009 it has experienced exponential growth and, whilst its millionaire-making heyday is thought to have passed, it remains the most commonly traded digital asset and holds significant profit potential for savvy investors. The current bitcoin supply is capped at 21 million, which is expected to be exhausted by 2140. A finite supply means that the price of bitcoin could increase if demand rises in the coming years. Instead, you should use this article as a starting point for your research before utilising one of the many available demo accounts to hone your trading skills before opening a live position. Here are some tips about Bitcoin trading. 1. Have a Reason for Every Trade Enter a trading position only when you know why you’re entering it and have a clear strategy in mind. Not all traders are profitable. 2. Start out Small The first of our bitcoin trading tips is to proceed with caution and start with a relatively small investment. 3. Clear Stops, Clear Targets: Have a Plan For each trading position, we must set a precise target level to take profit and, perhaps even more importantly, a stop-loss level for cutting losses. Setting it involves deciding on the maximum loss we can afford to take before the position gets closed. 4. Choose a Secure Wallet Your bitcoin wallet is a holding pen for your digital assets so it’s important to choose wisely to ensure security and ease of access. 5. Risk Management: Not Just for Crypto Pigs get fat; hogs get slaughtered. This statement tells the story of profits from our perspective. To be a profitable trader, you never look for the edge of the movement. You look for the small gains that will accumulate into a big one. You can learn more at forum.forex forum.forex - Online Forex Forum for Forex Traders, Forex Brokers, Forex Signal Providers, Forex Trading News and Forex Traders Education Resources Discuss the Forex Market, Currency Trading Strategies and Forex Leverage. Share tips, Ideas and Market-Moving Data
  15. Midway through trading Friday, the Dow traded up 0.39% to 35,029.73 while the NASDAQ rose 1.02% to 14,689.65. The S&P also rose, gaining 0.57% to 4,431.01. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 37,296,810 cases with around 625,180 deaths. India confirmed a total of at least 32,358,820 cases and 433,580 deaths, while Brazil reported over 20,494,210 COVID-19 cases with 572,640 deaths. In total, there were at least 210,073,340 cases of COVID-19 worldwide with more than 4,404,570 deaths, according to data compiled by Johns Hopkins University. Leading and Lagging Sectors Information technology shares rose 1.3% on Friday. Meanwhile, top gainers in the sector included Pixelworks, Inc. PXLW 21.06%, up 18% and VirnetX Holding Corp VHC 11.2% up 13%.In trading on Friday, energy fell 0.5%. Top Headline Deere & Company DE 1.82% reported better-than-expected results for its third quarter on Friday. Deere reported quarterly adjusted earnings of $5.32 per share, surpassing analysts’ expectations of $4.57 per share. The company’s quarterly sales came in at $11.53 billion, versus estimates of $10.30 billion. Deere raised its FY21 net income guidance from $5.3 billion -$5.7 billion to $5.7 billion -$5.9 billion. Equities Trading UP GeoVax Labs, Inc. GOVX 53% shares shot up 42% to $6.12 after the company presented data from ongoing studies of its preventive vaccine against COVID-19, showing its modified virus Ankara - virus like particle platform, has a design strategy for vaccines that is expected to induce broader immunity through inclusion of multiple structural and nonstructural proteins from the target pathogen. Shares of Flora Growth Corp. FLGC 26.22% got a boost, shooting 26% to $11.09 after the company reported its financial and operating results for the six months ending June 30, 2021, revealing revenues of over $2 million, compared to revenues of approximately $100 000 in the same period of last year.360 DigiTech, Inc. QFIN 15.3% shares werealso up, gaining 14% to $19.32 after the company posted a rise in Q2 sales Check out these big movers of the day Equities Trading DOWN Sonnet BioTherapeutics Holdings, Inc. SONN 50.28% shares tumbled 48% to $0.6321 after the company priced a 35.29 million share offering of common stock and warrants at $0.85 per unit.Shares of HEXO Corp. HEXO 27.66% were down 25% to $2.4017 after the company reported a $140 million public offering.Progenity, Inc. PROG 55.46% was down, falling 54% to $0.6800 after the company reported pricing of $40 million public offering of common stock and warrants. Commodities In commodity news, oil traded down 0.7% to $63.23, while gold traded down 0.1% to $1,780.90.Silver traded down 1.3% Friday to $22.93 while copper rose 1.8% to $4.1150. Euro zone European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.38%, the Spanish Ibex Index gained 0.38% and the German DAX 30 gained 0.17%. Meanwhile, the London’s FTSE 100 gained 0.45%, French CAC 40 rose 0.33% and Italy’s FTSE MIB slipped 0.04%.German producer prices jumped 10.4% year-over-year in July following an 8.5% increase in the previous month. Retail sales volumes in the UK declined 2.5% in July, while the GfK consumer confidence index declined to -8 in August. Economics The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
  16. The US dollar rose against other currencies after a senior Federal Reserve official said that the bank should exit its emergency bond-buying program. In an interview with the Financial Times, Eric Rosengreen, CEO and president of Boston Fed, said that the ongoing bond purchases were ill-suited to address some of the challenges facing the economy like supply shortages. He said that the solution was for the government to end some of its stimulus measures and urge people to go back to work. This has, in turn, led to supply shortages, which has pushed prices higher. The British pound tilted higher even after the relatively weak UK inflation data. According to the Office of National Statistics (ONS), the country’s consumer price index (CPI) declined from 2.5% in June to 2.0% in July. This decline was worse than the median estimate of 2.3%. The core CPI that excludes the volatile food and energy prices declined from 2.3% to 1.9%. This was lower than the estimated 2.2%. Meanwhile, the producer price index input and output rose to 9.9% and 4.9%, respectively. The NZDUSD wavered after the latest Reserve Bank of New Zealand (RBNZ) interest rate decision. The bank decided to leave interest rates unchanged at 0.25%, where it has been in the past few months. Analysts were expecting that the bank will hike interest rates by about 0.25%. In its statement, the bank attributed the decision to the country’s reintroduction of level 2 lockdowns after it reported one Covid-19 case. NZD/USD The NZDUSD pair declined after the latest RBNZ decision. It initially declined to 0.6868, which was the lowest level since November. It is trading at 0.6895, which is below this month’s high of 0.7090. On the four-hour chart, the price is along the lower side of the Bollinger Bands while the MACD has declined substantially. Therefore, the pair will likely bounce back in the next few days as New Zealand manages to address the Covid situation. GBP/USD The GBPUSD pair tilted slightly higher as investors reflected on the latest UK inflation numbers. On the four-hour chart, the pair moved to the lower line of the descending channel. The pair has also formed an inverse head and shoulders pattern, which is usually a bullish sign. Still, it remains below the 25-day moving average while the Relative Strength Index (RSI) has moved below the oversold level. The pair will likely bounce back ahead of the FOMC minutes. USD/JPY The USDJPY pair rose to a high of 109.63, which was slightly above last Friday’s low of 109.10. On the four-hour chart, the pair is still below the 25-day and 15-day moving averages. The MACD indicator has made a bullish divergence pattern while the moving average of oscillator has moved above the neutral line. Therefore, the pair will likely continue rising as bulls target the key resistance at 110.
  17. In the world of forex trading, there are no guarantees on profit, and risk exposure is inevitable. A professional forex signals service provider will never try to trick its users by advertising guaranteed profits and returns. On the other hand, the trusted names in this sector will be transparent about their performance, offering you insight into their past performance by publishing reports on how effective their signals were. Frequency and diversity in forex signals The ideal forex signals’ service provider for you should publish an adequate number of forex signals and trade ideas through the day and offer a good mix of trading instruments, including the ones that you like to trade the most as well as other options so that you can diversify your trading portfolio and experiment with new instruments to spread out your exposure. In addition to trade ideas offering a variety of instruments, an ideal provider should also offer a good mix of long-term and short term signals so you can try different kinds of trading strategies, such as swing trading and intraday trading. Clarity into past performance Their performance reports should offer the following information – how many signals they published over a specific period of time, e.g. one year, the percentage of wins vs. losses, drawdowns, the number of pips generated or earned by their forex signals, as well as details about gains in percentage terms over the past few years. Of course, keep in mind that past performance is never an assurance for future profits. However, a forex signals’ service provider that is honest about its wins and losses, and gives you the numbers so you can assess its performance is far more reliable than those that make empty, lofty promises of doubling your money. When tracking the performance of the signals provider, there are a few important things that you need to assess. Of course, the overall profit raked in by their trading signals is a great way to know how useful their service will be for you, but you also need to dig a little deeper to assess their performance. The total number of pips earned by the forex signals is an important measure of how exactly the profits were generated, for instance, did they come from a few pips on high risk/high margin signals or in the form of a higher number of pips from signals with different levels of risk/exposure. In addition, you should also check to see if the signals provider offers details on their win rate – the number of winning signals from the total number of signals published. Quantity vs. quality of signals It would also be helpful if the provider offered a breakdown of the number of signals published and the profit to loss ratio for each kind of instrument they cover. In addition, a deeper insight detailing the breakdown of the trading signals based on buying vs. sell, long term vs. short term, and different types of instruments, e.g. forex, commodities, cryptocurrencies, and indices, can also go a long way in helping you make an informative decision on selecting the right forex signals service provider. Timing matters The best forex signals provider for you should be one that publishes enough trade ideas through the hours when you are most active. For instance, if you like to trade the US session markets, there is no need to go with a provider that pushes more signals during the Asian session, which are too many missed opportunities as far as you are concerned. In addition, ensure that the provider has a reliable way to alert you whenever a new forex signal is published so you can choose to act on it immediately. The more time you lose in making a trading decision, the lower the possible returns become as other traders may beat you to it. I will recommend Hot Forex Signal as a professional Forex signals provider.
  18. I have started trading for the last few months back say 8 months. When I was a beginner, I committed many mistakes and blew my account even once. Then I joined some free signal groups and believe me they are real scammers. Please don't follow them at all. I got some books and learned little fundamentals of the market. I trade for one month but could not book much profit. then I joined a paid signal provider but as they promised they will double my money and blah blah... They were also fake promisers. 2 months back I joined another signal provider named Hot Forex Signal which promised me 1200 pips, though I got 1200 pips bcoz of my work and all I am satisfied with their transparency and services. I had continued this time also. The only thing is they are more active in the London sessions. But they are reliable. Forex is a vast subject to learn and a great roller coaster for fun. I think everyone should try Forex once in life.
  19. Starting a forex trading business is a relatively simple undertaking. All you need is a reliable forex broker, a feature-rich trading platform, and a small amount of capital to buy and sell currency pairs. However, there are certain pitfalls, risks, and factors that you need to be aware of to trade effectively and turn a profit. The Forex market is inherently different from the stock market. More than $5tn is traded every day, mostly by ‘institutional’ traders connected to large institutions and companies. These trades account for 94.5% of activity on the forex market. When starting a business, you will work as a retail trader and make use of leverage offered by brokers to support your entries into and exits from the market. Learn the basics You can trade without prior knowledge of forex, but it is not recommended as you will run up significant losses very quickly. Opening a demo account is arguably the best way to get to grips with the different aspects of Forex trading as you will be able to experiment freely and adopt new strategies without the fear of financial setbacks. You can also watch video tutorials, attend webinars, and read relevant blogs and articles for both basic and advanced insights. Another key skill for forex trading is technical analysis. Mastering the art of reading charts and indicators such as Bollinger Bands, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) will enable you to identify movements and trends that can be used to make profitable moves. Select a reliable broker Forex brokerages effectively act as a middleman between you and the forex market, so it is vital that you choose a broker that is not only reliable and regulated but also well suited to helping you achieve your financial goals. Legitimate traders will provide you with a trading platform that is secure, has access to major pairs, and offers additional tools and charts to support your decision-making. Be aware that there are scam brokers that will attempt to dupe unsuspecting victims with a range of fraudulent practices such as Ponzi schemes and signal seller scams. Malicious third parties may also attempt to present themselves as reputable outlets and promise large profits, when in fact they are fake or illegitimate. You can find authentic brokers by reading reviews and investigating them beforehand. Organize your trading capital Trading foreign currencies have a lower point of entry compared to stock as investors can set up an account with as little as $10 or $20. Brokers also offer something called to leverage that allows you to trade more than you have in your account. Leverage of 50:1, for example, would give you access to $100,000 if you deposited $2,000 into a margin account. While leverage is beneficial for beginners as it increases their trading position beyond an opening cash balance, it can amplify losses and lead to financial woes if not used correctly. If you manage leverage carefully though, you can mitigate many of the downsides and use it to your advantage. Practice, practice, practice As noted earlier, opening a demo account will give you free rein to practice your trades so that you have a better understanding of when to buy and sell at the right time. This is also a perfect opportunity to try out new strategies and tactics. You should keep practicing for a few weeks at least or until you feel comfortable making the step up to real money. Trade For Real Money Trading real money on forex will expose you to certain pitfalls that you may not have experienced during your practice trade. It is important to remember that forex is not a shortcut to instant wealth. You will need to slowly nurture and develop your account, especially during the formative weeks and months, to make sustainable profits. However, don’t be deterred by a losing streak either. It is statistically normal for even the most successful traders to run into a barren period when losses mount up. These downturns should not be a signal for you to close your account as you should eventually be able to bounce back if you keep making the right moves. Finally, just because you have started a forex business does not mean that you have to be trading 24 hours a day, seven days a week. The forex market is ‘always on’ due to the time zones for each region, but try to work for a set seven or eight-hour period that fits into your daily schedule at first and then go from there. Remember, the smartest move sometimes is to sit back and not enter the market. Taking this advice on board will give you the best chance of setting up a business that can support profitable day trading on the forex market.
  20. Here are the best top 5 online forex trading websites.....! http://www.themoneyathome.com
  21. 1. What is the best Forex platform? There is no one way to answer such a question. This will of course depend on the trader, in accordance with his preference, knowledge, experience as well as what he intends to trade (which financial instrument). Many intermediate-experienced traders, especially when trading on the currency market, prefer to use platforms such as MT4 or C-Trader which are designed mostly for Forex trading, as well as CFD trading, and for someone with some knowledge of the trading market. Others, more novice traders would prefer the use of such platforms as ones found from Easy-Forex, iForex, or eToro, where limited math/ computational knowledge is required for their use and are a lot more straightforward to use.More advanced/ experienced traders, which may also prefer access to multiple markets would prefer to use such brokers as Interactive Brokers or SAXO Bank's SAXO Trader. Such platforms usually contain much more advanced charting/ analytical tools (although to be fair most analytical tools can also be obtained from MT4/ C-Trader) and also give access to thousands of instruments including Equities, ETF's, Swaps trading etc; and are designed with the ability to effectively allow traders to partake in such markets. 2. Forex Trader: What is the best way to do forex trading? If you've looked into trading forex then you have most doubtable been exposed to all the various opportunities to make money and are wondering which is the best way to learn forex trading. First of all, the foremost thing I would advise is to get a Forex Education. There are countless material on Forex in the internet for newcomers as well as experienced traders - all you need to do is search. Spend some time reading up on how forex trading works, the concepts behind trades and how prices are impacted by economic and political conditions. Secondly you must get some experience, if you want to learn forex trading, it's the only way. To begin with it is prudent for this to be on a demo account. This will give you a good technical foundation on the mechanics of making forex trades and get used to using a trading platform.After having traded for some time on a demo account it is very important to also use a Real one, albeit with little investment amount - find a broker that will accept lower sized trades (0.01 lots for FX) so that you can get a real feel for the live market. It is a whole different game trading on a demo and real platform, due to the psychological effect that trading with real money has. Trading small will allow you to put your money on the line, but at little risk if you make mistakes or lose money.From there, provided you are gaining more than you are losing, you should gradually increase your trading size and invested capital, always keeping in mind it should be an amount you can afford to lose and which you feel comfortable with. 3. What is the best forex trading software? There are a number of Forex Trading software available, all with their specific advantages and disadvantages. Many trading companies have built their own platforms while others prefer to use, and in effect White Label, existing solutions which are commonly known within the industry.To say which one is best would be invalid as this falls on the opinion of the individual user, however there has been a clear trend in terms of popular platforms, which have proven to be favored among both novice and veteran traders. These platforms are the Metatrader 4 and C-Trader. The former has been built primarily for Forex products, while the latter has been designed to accompany other instruments such as Equities and ETF's. Both platforms are easy to use and master and come complete with full charting and technical analysis capabilities. 4. Forex Trader: How can one be a good forex trader? If it was to be summed up in one word, the key to a good forex trader is discipline. Yes there are many things to learn and know before you make any trades or get involved in the financial industry, but one thing that must stay consistent throughout is discipline. Discipline in learning, in making your first trades and in sticking with your plan.The basics that all new traders should follow are:- Learn about Forex - there is an abundance of material on the net. Spend a good 1 month learning. Study Technical and fundamental analysis. 5. Foreign Exchange Market: Is it possible for an amateur forex trader to make sustainable profits trading forex? Many Traders have made a living off of trading Forex and some have had very wealthy returns which have allowed them to become self-employed and leave the 9-5 work behind them. All of these traders have 1 thing in common - they all started out as an amateur forex trader! No one is born with the trading know-how; it is achieved through dedication and discipline.So Yes! an amateur forex trader can indeed make sustainable profits from trading forex. As long as he is willing to put in the effort and has the discipline to follow through with such a commitment then there is no reason why he cannot do what others have done before him in the same shoes. 6. Forex Trader: Who is the best forex trader? There is no one best Forex Trader reviews - or at least there is no clear way to measure this (is it the amount one has won or the % gained from it). Also as many of the top forex traders in the world do not trade with their own money but instead funds and Company capital, it means that different psychological and risk appetite conditions exist for different traders and as such makes it bias to compare such traders success with those who trade with their own capital.The one thing to know is that what a lot of Forex traders do have in common is their appetite for success, their diversified portfolio and willingness to take measured risk. 7. Has anyone ever made money trading FOREX? Yes! Not only have people made money trading Forex but many have made a livelihood!Although the majority of retail traders would not have as much success as professionals would, this is largely attributed to poor money management strategies and lack of discipline in sticking with their strategy.With 100% discipline and a good money management strategy, there is no reason why anyone should not have a good chance in making money from trading Forex. 8. Is FOREX the best way to invest money? It is hard to say if it would be the Best as there are numerous ways of investing money and would largely depend on what the individual is familiar with; however it is one of the best, largely to the fact that unlike stocks/ housing market - an investor can make money regardless of the how the instrument is doing by both selling/ buying that instrument (or doing both - known as hedging).In the Stock market it is only possible to invest in the success of a stock - however in Forex you can both buy/ sell a certain currency against another and hence there is always a possibility for profit to be made.Also the fact that Forex is commonly traded on leverage, it allows Forex trading to become one of the most volatile and hence allows for higher profits (as well as losses) to be made - if traded correctly. 9. Foreign Exchange Market: What are the best forex blogs? There are a number of locations on the web to find a great forex related blog, in fact many brokers have their own blogs also; but in order to remain unbiased I will recommend a non-broker blog. One of the most useful blogs for both novice and veteran traders alike is at https://55brokers.com - there is a regular update on current market movement as well as an abundance of information and back-forth ideas being expressed. 10. Is Olymp Trade a scam or legit broker? No, it is not safe to trade with Olymp Trade. Olymp Trade is owned by Smartex International Ltd which is an offshore company registered in St. Vincent and the Grenadines. 11. Why do individual investors usually lose money in Forex? The majority of retail investors end up losing money in Forex. In spite of the fact that they may receive the right training and educative material (or at least the same as some other successful traders may receive) many often fail due to bad money management rules and/or lack of discipline. The latter is the most often.The hardest thing in Forex is not making the calculations or predicting where to enter, how much to trade and/or what your limits should be; it is sticking to your strategy and following through with 100% discipline.
  22. To provide a signal to you, "hot forex signal", is the best accurate forex signal provider in the global currency market. It is different and a few more special than others. Because they have an outsized "forex market" analytical expert team who makes an efficient analytical report. On the idea of an analytical report signal is formed. Has a monitoring team to watch the market and accuracy of the given signal. As their observation report, hot forex signal is 95% accurate. Hot Forex Signal assist you to regulate "Take Profit" and "Stop-loss". It's constantly monitoring the market, regardless of your location within the world. It will take place in the market and you will be notified by e-mail and messenger at the time of market movements.
  23. US equities were stronger Monday, the S&P rising 0.3% to close once again just shy of February’s record high. European stocks were more robust as well, but it was a mixed picture in Asia; China’s CSI300 rose by 2.4% after a PBoC stimulus injection had investors speculating that it could mean a supportive monetary policy from the PBoC. The Asia open has gotten off to a resounding start with the S&P 500 racing higher after US House Speaker Pelosi expects bipartisan support for a House Coronavirus Bill. This is one of the few positives we’ve heard in some time from the Democratic side of the floor and one would suspect it would be politically advantageous timing for the Democrats to steal the limelight during the Democratic convention by announcing the stimulus deal. Muggy, sluggish, and unsettled conditions are typically mirrored in markets at this time of year and political malevolence and the lingering pandemic have only added to stresses in 2020. Still, it was another day where everything rallied except the US dollar. Indeed, it’s an ideal investor situation with all assets pretty much roped to the hip of US policy stimulus, and the expectation is for more to come. Yes, big tech is doing its part, but when the bearish argument is centering on the failure to make new record highs on the S&P 500, it would suggest sentiment is in a pretty good place, especially with high-frequency indicators that investors track for the US not indicating that the recovery is falling off the cliff. FOMC minutes should reveal a dovish narrative on yield curve control and average inflation targeting, which is already showing signs of soothing rates after the selloff last week. But given what’s already priced, the market is unlikely to reassess the Fed’s medium-term rate path meaningfully. At the same time, the policy is super supportive; yet it may still disappoint those looking for the bazooka. The equity vs. higher yield riddle is less of a puzzle this week as rising inflation breakevens have offset higher yields so far, but risks are rising. History does suggest the relationship between equities and inflation expectations has been powerful during the crisis as they rise from shallow levels. Inflation expectations themselves have been more correlated to small-cap stocks than they have to 10-year nominal yields, oil, or gold since 28-Feb. As for the US-China escalation drums beating in the distance, I’m starting to wonder if US investors even care anymore, viewing it more of an “Asia thing” or changing their tune if Trump makes a move in the polls which could embolden the US administration trade hawks. Gold Markets After plunging 10%, washing out leveraged players and retail buyers who arrived late to the party, bullion has made an enduring comeback as strategic asset allocators bought the dip only to be followed up as those very same players who were recently washed out were getting back in the saddle after a break of $1,960 triggered reverse buy stops and sending more players back on to the golden rally bus. The dollar is trading a bit weaker and some pre-FOMC positions squaring are taking place. And while the latest bout of volatility has likely shaken gold investors to the core, the broader macro backdrop remains broadly unchanged, suggesting more and more stimulus will be needed to mend and repair the global economy severely fractured by the coronavirus. So gold remains a viable diversifier asset in this type of environment. And all the while, the US-China escalation drums beat in the distance as Taiwan formally signed and agreed to buy F-16 jets in a move that is likely to be denounced by China. Gold traded firmly in Asia and Europe but jumped in late European and early US hours. The reason for the rally was not immediately apparent as the markets started the week with no exasperating economic or political drivers. US-Sino tensions appeared more relaxed, given the US Administration’s more conciliatory tone on trade. The fresh injection of liquidity by the PBoC seems to support Chinese equities and may have also helped lift gold. Japan reported weak Q2 GDP data, which may have boosted safe-haven bullion buying. The latter underscored just how fragile the market remains to another secondary coronavirus shock. A weaker USD helped the rally with the move up reinforced by lower US yields; the yield on the 10-year Treasury fell to 0.66% from 0.71% previously. Lending support to gold was the rising tally in coronavirus cases globally, notably in India. Slightly higher UST yields are not a rally capper; it means something else needs to do the heavy lifting. So with commodity and oil markets getting a bounce for the PBoC liquidity injections, it benefited gold as inflation breakevens rose to offset the slightly higher yields from last week. Currency Markets The dollar is doing what it should do: falling on lower US yields as dollar bears take their last kick at the can before the release of the FOMC minutes, which is kind of on script. Interpreting what the lack of progress on a US fiscal stimulus means for the USD remains difficult. When politicians are more concerned about the price of stamps in the age of e-mail than putting food on people tables, I’m not sure what to think of the messy state of US politics, which is enough to encourage perma dollar bulls to sell the greenback anyway. But with the congressional bill close to a deal, the USD implication depends on whether the market views the “risk-on” element in the countercyclical narrative where positive risk sentiment, even if driven by US exceptionalism, sees the dollar weaken. But the levels of ambiguity remain thick, so trading the dollar straight up isn’t the cleanest trade on the book. With USD short positioning already massive, there could be some concerns that the FOMC minutes don’t check off enough dovish boxes that could see another unwind of oversold dollars. PipsWin.com has stated that a clear break is needed for the momentum to extend. The level is pretty much in-line with the previous highs in EURUSD coming in at 1.1910/20. The Ringgit The Malaysian Ringgit should trade more favorably as the US dollar weakens on positive risk sentiment. Still, traders may hold a defensive posture, not willing to test 4.18 ahead of tomorrow’s FOMC minutes. I suspect the Ringgit will take its cue from the broader G-10 dollar movement today. Additionally, oil prices are trading at 5-month highs, which should be favorable for the Ringgit.
  24. The wide world of trading has helped many people buck the trend of their 9-5 job, or at least helped them discover new ways to earn money. Finding a new source of income is important for building an independent life that can help you retire early, send your kids to college, live comfortably, or just give you some peace of mind in the bank. Forex trading is one of these potential income sources that may interest you if you are looking for ways to earn more money and learn new skills. First things first though are that you need a refresher on some of the terms and phrases that you need to know before you even commit to a real trade scenario. Just like riding a bike, you want to know what it is you are doing before going for a ride, and Forex trading can be intimidating to those that do not know much about it. Check out these must-know terms to help you get started on your Forex trading journey. 1. Currency Pair Trading currency means exchanging it on the global market. This global market is full of different types of currency, so currency pairing is the simple term to describe this exchange. USD (U.S. Dollar)/EUR (Euro) is a common example of a currency pair, so is something like GBP (Great British Pound)/CAD (Canadian Dollar). Currency pairing is also useful for traders as it allows for analysis for market research. Using currency pairs of common currencies, called major pairs, are the most traded, then you have things like cross pairs which are not major pair currencies, then exotics, for lesser currencies. As you can see, this is one of the more easy terms to understand as it relates to the actual currency you are trading within a broad sense. 2. Pip Pip, or percentage in point, is the 4th decimal point of a currencies value. So if you looked at a currency that was traded at 0.7842, the 2 is considered the pip. This value will fluctuate as markets naturally change short and long term, but the pip helps determine the value of trade when converting one currency to the aforementioned currency. Pips are a small but useful term to know, and once you get trading regularly you will be able to identify them easily to help you maximize your potential. 3. Stop-Loss Stop-loss is a term that relates to specific trading orders. The stop-loss is the action of setting a signified price to sell in order to prevent any loss. The stop obviously indicates the point at which you will hold until then sell, and loss speaks for itself in limiting any damage. This is one of the best Forex signals to receive, it helps limit any further loss, or keeps you from losing gains on a trade in the first place. Stop-loss is an important thing to know for beginner traders to help them make logical, not emotional trades. 4. Bullish/Bearish This term applies to financial markets as a whole, and you have likely heard them thrown around numerous times. Bullish, or bull market, is a euphemism to indicate that the markets are doing well and that there is expected growth to continue. Bearish and bear markets indicate a slowing down and decline of expected growth. The bull is meant to be a forward-moving, aggressive animal, while the bear in this context is an animal that spends a lot of its time sleeping, hibernating. These are useful terms to know what to expect out of trades regarding the general market movement. 5. Bid and Ask Price The bid and ask price are two terms that you are going to want to know when it comes to trading. These terms are associated with the price of a trade. The bid price is what a trader sets as the amount they will trade a currency pair for, while the asking price is what a trader will buy a pair for. What is known as the spread is the difference between those prices. Bid and ask price are key terms in understanding how Forex trading works and it is good to familiarize yourself with it quickly. 6. Trading Platform How do you actually start Forex trading? Well, you need a trading platform to do so. Much like using software to do your taxes, you need something to trade on. These platforms contain all of the information you need to understand what is happening in the market. Charts, live updates, tickers, as well as connection to your account. These platforms, often provided when you sign up with a regulated Forex broker, come in many forms. They range in fees, functionality, and efficiency as one would expect. Advance tip: if you are a complete beginner then try to use the demo trading account first and later on when you'll think that you're ready switch to the live account. 7. Futures This term is thrown around a lot when people talk about markets for Forex and stock alike. Forex futures are the date in which a deal is set, a contract for a specific time. The contracts are traded at set values and are intended to be finalized before that expiry date. Some people intentionally buy futures contracts with the sole purpose of selling them well before the expiry date because it is hard to know how the values will fluctuate. These speculators sell and attempt to profit before the end of these contracts are realized, or do so to prevent losses. Forex trading is a really interesting way that people have used as an alternate source of income, and in many cases, a replacement for their current employment. While Forex trading is not easy, and it is not for everyone, it can be something fun to get involved in when you do your research and treat it as a serious business, because it is. Before you start making any trades and using any of your money you want to learn as much as you can, and these are some common terms in Forex trading that any trader should know.

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