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xtreamforex26

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About xtreamforex26

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    Money Maker
  • Birthday 03/15/1993

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    https://www.xtreamforex.com/

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    Trust Company Complex, Ajeltake Island
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    Marshall Islands

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  1. xtreamforex26

    Forex Scalping Traders use many different forms of trading which they feel the most comfortable at, and help them make the best profits they can. Each trader depending on their strong points can find themselves working better and earning more when using a the method which suits them best. Scalping is a well-known and commonly used form of trading which suits trader who wants to make large numbers of trades earning small profits each time. This happens by opening a trade, buying a currency pair, and closing it as soon as the smallest profit is made – usually between 3 to five minutes - completely evading risk even if the profit is too small to make a difference. The main base of scalping is to make a lot of trades daily – can be up to over a hundred a day – and aim on never losing any money through those trades, but steadily keeps making small profit among small profit slowly building up a larger account. The downside of scalping is that it requires large amounts of deposit, to be able to handle the amount of leverage which must be taken to make the short and small trades worthy. It also demands a lot more attention, as none of the positions can be losses, otherwise the other small trades will be imbalanced by losses and therefore become entirely useless. It takes clear and attentive concentration skills to achieve that. Of course needless to say, Scalping is time consuming, and would take a trader who can commit to trading for hours on a daily basis in order to keep building up from the small profits made with each trade, therefore it would be very hard to keep up as a scalper if one is not already a full time trader. Based on all these facts it makes sense to say that scalping is not for everybody. It is mainly popular due to the fact that it is technically risk free, because even when a loss is made it is small, and over time it depends on no losses being made, but no big profits either. A constant scalper would choose a safely earned small amount over the risk of a great profit opportunity. An important aspect of scalping is to always keep consistency in trade sizes, if a trader uses erratic trade sizes while scalping; they are bound to lose a lot of money. If random sizes are chosen it is most likely that an oversized, leveraged loss will erase all the profits of a day’s work, defeating the whole principle of scalping. All trade sizes must be the same, making the amount of losses and gains equal, therefore keeping the trading strategy balanced. It is also important to mention that scalping is a popular method to be applied on automated trading programs, due to the fact that it is time consuming and needs very specific and accurate decisions which can be very easily effected by emotions like excitement or greed. The way programs work is by trades being placed through the trading day and the system is based on a set of signals derived from technical analysis charting tools that create a buy or sell decision, at the points which the trader has programmed to indicate the right buy or sell conditions. Many people find scalping through programs effective and doable, because it does not require their immediate presence, or their constant attention. Over all, to become a good scalper, attention, concentration and time are needed, with a lot of practice, and having the intuition to pull out at the right time, even when the profits are too small to seem worthy. Read more: https://www.xtreamforex.com/
  2. xtreamforex26

    Technical Overview of AUD/USD and GBP/USD Currency Pair AUD USD AUD traded lower against USD and closed at 0.6752. · AUD/USD -0.25% as China reacts to US House taking hard line over Hong Kong · China says US House should stop interfering in HKG · Undermined by weak AXJ currencies as PBOC Yuan fix on high side of forecasts The "retail sales control group", published by US Census Bureau, represents the total industry sales that are used to prepare the estimates of PCE for most goods. According to the Analysis, pair is expected to find support at 0.6744 and a fall through could take it to the next support level of 0.6733. The pair is expected to find its first resistance at 0.6780 and a rise through could take it to the next resistance level of 0.6791. GBP USD GBP traded lower against USD and closed at 1.2786. The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish). According to the Analysis, pair is expected to find support at 1.2646 and a fall through could take it to the next support level of 1.2600. The pair is expected to find its first resistance at 1.2796, and a rise through could take it to the next resistance level of 1.2842. Important Economic Events of the Day · GBP: Consumer Price Index (YoY) (Sep) · GBP: BoEs Governor Carney Speech · USD: Retail Sales Control Group (Sep) · CAD: BoCs Consumer Price Index Core (YoY) (Sep) For More information about the release time of news and its impact visit Economic Calendar Page!
  3. xtreamforex26

    Forex Hedging When trading, all traders are trying to find the best way to minimize risk and increase profits, one way of doing that is through hedging. Hedging is when the same trader opens two positions in the opposing directions. So the same trader will open one position going long on a currency pair, and another position going short on a currency pair. While both positions are open the profit is at zero, but once traders decide the right time to close one or the other then they are ready to go either way (selling or buying) to make the profit. Hedging is done mainly in foreign exchange trading, because it is flexible and allows the trader the right but not the obligation to buy or sell the currency pair at a particular exchange rate when the time feels right. When traders choose to hedge they need to analyse the risk of their hedge, and the types of risk they are taking in the position they are opening, and if it is high or low. Then they need to decide how much they are willing to risk, decide on the most effective strategy and then implement and monitor the position. There are different types of hedging, some much more complex than just direct hedging, and traders can take other approaches when necessary. Some brokers do not allow direct hedging. About XtreamForex XtreamForex is one of the most reputable Forex and commodity Broker Company. XtreamForex Is provides superior forex trading services to all clients. Our company's vision is to grow to be a leading and reliable broker that takes pride in offering the most professional pricing and services to Forex Traders. We are building towards a successful, bright and secure future for our company and are committed to build long-term relationships with our clients.
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    Technical Overview of GBP/USD and EUR/USD Currency Pair GBP USD GBP traded lower against USD and closed at 1.2217. GBP/USD remains within its 1.1950-1.2600 September range, but the downside looks vulnerable unless there is a surprise Brexit breakthrough, or a rout in the USD. Since becoming PM, Johnson has been accused of talking to his Brexiteer electorate, rather than negotiating with the EU. His repetition of key phrases such as the 'surrender bill', used to describe the law making a hard Brexit illegal on Oct 31, is a case in point - this strategy was successful in the 2016 Brexit referendum. Johnson insists the UK will exit the EU without a deal on Oct 31, but he committed in court to respect the law. The GBP/USD pair now seems to have entered a bearish consolidation phase and was seen oscillating in a narrow band just above one-month lows set in the previous session. The incoming Brexit headlines might continue to influence ahead of FOMC meeting minutes. According to the Analysis, pair is expected to find support at 1.2199 and a fall through could take it to the next support level of 1.2174. The pair is expected to find its first resistance at 1.2281 and a rise through could take it to the next resistance level of 1.2306. EUR USD EUR traded higher against USD and closed at 1.0954. EUR/USD is reporting moderate gains, having defended key MA support. Fed's Powell said the central bank's balance sheet will expand again. American Dollar may find bids if the Fed minutes highlight growing split among policymakers. According to the Analysis, pair is expected to find support at 1.0945 and a fall through could take it to the next support level of 1.0932. The pair is expected to find its first resistance at 1.0987, and a rise through could take it to the next resistance level of 1.1000. Important Economic Events of the Day · USD: Fed’s Chair Powell Speech · USD: FOMC Minutes For More information about the release time of news and its impact visit Economic Calendar Page!
  5. xtreamforex26

  6. xtreamforex26

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  7. xtreamforex26

    Dealing with Forex Customer Support The mediator between you and your Forex account is your account manager, and the company's customer support team, here are insider tips on how to deal with customer support while trading with a company for an easy and pleasant process. Opening an Account When you first decide to open an account with a company, it is your chance to ask about the company and get to know it. The person you will be contacting is getting paid to introduce you to the company and make you feel comfortable. You should feel free to ask anything you need to call at any time and expect your questions answered. You should not feel guilty or uncomfortable for ''bothering'' the good people at the company for it is their job to help you. You in turn should also be honest and helpful. If you are asked to provide documents you should make sure you have provided your documents before expecting your account to be open, and if the company specifies that it takes 24 or 48 hours for a procedure to take place, then you should be patient and not call to ask if something is done when the specified time hasn't passed, and lastly and most importantly if you decide that you do not wish to trade with the company after all then be honest and inform the person you are speaking with that you are no longer interested so they can stop bothering you and focus on other clients. During Trading When you have become a client of the company it is good to establish a friendly and comfortable relationship with your account manager. They want to be comfortable talking with you when any changes happen, or with advice and you want to feel comfortable reaching out to them when you need them, so it always helps to be friendly and nice but also stick to business talk during phone calls keeping in mind that your account manager is probably very busy with many clients and even if they'd like to have a chat with you they can't afford the time. What not to ask Although you should feel free to ask any questions to your account manager just remember that it is not their job to teach you Forex trading or any form of trading. If you are a complete new comer you can ask them to refer you to Forex education programs that the company or other web sites may offer. Also remember that your account manager is by law not allowed to give you trading advice. If he/she does that they are liable to being sued if they give you the wrong advice and you lose your trade. Unless your account manager is licensed by a Forex regulatory authority to give trading advice then you cannot expect them to give you any. Closing an Account Whether you've been trading for a week or a year with a company if you get to the point where you've chosen to close down your account, you should be straight forward and inform your account manager. If you try to go around it you will have to face the worry of receiving another phone call asking if you will deposit, and your account manager will waste a lot of time trying to reach out to you believing you will eventually deposit. Connect with XtreamForex and make Trading strong. Our whole committed to provide superior Forex trading services with excellent results. For more detail Visit here: https://xtreamforex.com
  8. xtreamforex26

    Technical Overview of EUR/USD and AUD/USD Currency Pair EUR USD EUR traded lower against USD and closed at 1.0964. EUR/USD again aims for 1.0987 resistance - confluence while taking the bids to 1.0980 amid the initial trading session on Friday. 23.6% Fibonacci retracement, immediate support-line questions pair’s declines. According to the Analysis, pair is expected to find support at 1.0949 and a fall through could take it to the next support level of 1.0935. The pair is expected to find its first resistance at 1.0993 and a rise through could take it to the next resistance level of 1.1007. AUD USD AUD traded higher against USD and closed at 0.6741. AUD/USD is keeping gains despite the weaker-than-expected Aussie retail sales data. The pair may extend gains on dovish Federal Reserve expectations. RBA's Financial Stability Report cites housing market as key risk to the economy. According to the Analysis, pair is expected to find support at 0.6713 and a fall through could take it to the next support level of 0.6701. The pair is expected to find its first resistance at 0.6753, and a rise through could take it to the next resistance level of 0.6765. Important Economic Events of the Day · AUD: Australia Retail Sales m/m · USD: United States Nonfarm Payrolls · CAD: Ivey Canada Purchasing Managers Index (PMI) · USD: Federal Reserve System (Fed) Chair Powell Speech For More information about the release time of news and its impact visit Economic Calendar Page!
  9. xtreamforex26

    Currency and Commodity Trading Correlation Online trading is the biggest industry of today’s world. Forex trading alone moves trillions of dollars daily affecting whole economies. To trade Forex traders open an account with a Forex company and trade on currency pairs, but all Forex companies don’t only offer currencies for trading, almost all companies also offer commodities. Commodities have been trading in one form or another since the beginning of civilization. Commodities are pretty much anything which can be delivered from point A to point B, and exists on an exchange. Commodities are bought with currencies in the physical world, but through online trading they are treated the same as currencies, with bets being placed on their movements through Forex, Binary Options and stock exchange futures. What some people may not pay attention to is the heavy affect each has on the other. Currencies are very heavily tied with commodities and the other way around. The Canadian dollar for example is directly correlated to oil prices due to exporting oil, so is the Japanese yen because Japan imports oil. The Australian dollar and New Zealand dollar not only affect each other, but they are both correlated to gold and oil prices. Unexpected changes in the ties between currencies and commodities can have a huge impact on traders who trade based on these relations. For online traders there isn’t a huge difference between commodities and currencies, they all represent a virtual product around which trades take place. If you are a beginner in Forex and don’t know how to trade like a pro then Join cutting-edge Copy Trading Programme with Best Forex Broker and match up with a suitable trader. Let them trade while you watch your potential profits grow. For more information visit:- https://xtreamforex.com
  10. xtreamforex26

    Why Would Forex Traders Use Forex VPS hosting servers? VPS or Virtual Private Servers are software’s used by many computer users for many industries businesses and personal uses. VPS are becoming popular among Forex users because they offer an entirely independent operating system for forex trading. Using a VPS for your Forex trading can be very efficient if you only have a desktop, or you do not like trading on your lap top or smaller devices. The VPS can be accessed through any computer as long as there is a network connection. So whether you are in the office, at a friend’s house, at a hotel or abroad, you can turn any computer into your own by accessing your VPS and executing your trades. If you use a trading Robot the VPS can continue trading even if your power goes off. So in the case that you are using a VPS then once the power is cut off you don’t have to worry about what will come out of your positions, because the VPS will still be functioning even if you cannot see it. When you purchase a VPS from a reputable company you will also receive a security package, and constant security check ups to make sure your VPS’s security is up to date, this way you know you’re trading won’t be effected by a problem or a virus on your computer. VPSs are much faster than a computer, and they will be much faster at transmitting orders than your computer. So by using a VPS you will be avoiding any form of slippage, and avoid any cases of losing money. A VPS needs to have a good RAM to take the bare minimum of disk space on your computer, and even though it may be costly it is cheaper than buying an entirely new device to trade on and on the long run it can prove to be efficient. XtreamForex Team: XtreamForex is Best Forex Broker all around the globe, committed to provide superior Forex trading services. Our whole team is committed to offering industry leading products and services to both retail and institutional clients. XtreamForex team offers you a safe trading environment, competitive pricing, high-tech trading tools, best trading platform and fast and reliable trade order execution.
  11. xtreamforex26

    Technical Overview of AUD/USD and USD/CAD Currency Pair AUD USD AUD traded lower against USD and closed at 0.6749. The bid tone around the US dollar strengthened across the board, now pushing AUD/USD back into the red to hit four-week lows near 0.6740. The focus now shifts to the RBA rate decision while poor Australian housing data and US-China trade uncertainty continue to weigh. According to the Analysis, pair is expected to find support at 0.6743 and a fall through could take it to the next support level of 0.6736. The pair is expected to find its first resistance at 0.6765 and a rise through could take it to the next resistance level of 0.6772. USD CAD USD traded higher against CAD and closed at 1.3239. With its failure to cross 1.3263/65 resistance-confluence, USD/CAD drops back towards near-term horizontal support as it trades near 1.3240 during the Asian session on Tuesday. Three-week-old horizontal-line restricts immediate downside. According to the Analysis, pair is expected to find support at 1.3228 and a fall through could take it to the next support level of 1.3220. The pair is expected to find its first resistance at 1.3256, and a rise through could take it to the next resistance level of 1.3264. Important Economic Events of the Day · JPY: Bank of Japan (BoJ) Tankan Large Manufacturing Index · JPY: Bank of Japan (BoJ) Tankan Large Non-Manufacturing Index · AUD: Reserve Bank of Australia (RBA) Interest Rate Decision · AUD: Reserve Bank of Australia (RBA) Governor Lowe Speech · CAD: Canada Gross Domestic Product (GDP) m/m · USD: ISM United States Manufacturing Purchasing Managers Index (PMI) For More information about the release time of news and its impact visit Economic Calendar Page!
  12. xtreamforex26

    Technical Overview of USD/JPY and USD/CNY Currency Pair USD JPY USD traded lower against JPY and closed at 107.92 USD/JPY is currently trading largely unchanged on the day at 107.93, having faced rejection at 108.00 in Asia. The psychological resistance proved a tough nut to crack despite the uptick in the futures on the S&P 500. According to the Analysis, pair is expected to find support at 107.88 and a fall through could take it to the next support level of 107.85. The pair is expected to find its first resistance at 108.00 and a rise through could take it to the next resistance level of 108.03. USD CNY USD traded higher against CNY and closed at 7.1218. According to the Analysis, pair is expected to find support at 7.1192 and a fall through could take it to the next support level of 7.1146. The pair is expected to find its first resistance at 7.1344, and a rise through could take it to the next resistance level of 1.1390. Important Economic Events of the Day · JPY: Retail Sales m/m · CNY: China Manufacturing Purchasing Managers Index (PMI) · CNY: China Non-Manufacturing Purchasing Managers Index (PMI) · GBP: United Kingdom Gross Domestic Product (GDP) q/qUSD: Pending Home Sales m/m For More information about the release time of news and its impact visit Economic Calendar Page!
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    Technical Overview of GBP/USD and EUR/USD Currency Pair GBP USD GBP traded higher against USD and closed at 1.2322. · Modest flow, +0.1%, at top of a very tight 1.2320/28 range, EUR/GBP -0.1%. · Boris's top adviser Cummings; Brexit chaos 'A walk in the park'. · EU's Juncker says he and Barnier doing everything possible to get a deal. · Britain will be responsible if they exit EU with no Brexit deal. · Over a third of small UK companies fear no-deal Brexit hit, FSB. · Close below 1.2344, 38.2% of Sept bounce and 1.2351 21 DMA is bearish. · Momentum studies, 5 & 10 DMA's fall - next stop is 1.2271 50% Sept rise. According to the Analysis, pair is expected to find support at 1.2307 and a fall through could take it to the next support level of 1.2289. The pair is expected to find its first resistance at 1.2367 and a rise through could take it to the next resistance level of 1.2385. EUR USD EUR traded lower against USD and closed at 1.0921. CIBC Research discusses the USD outlook and the Fed rate call expectations. CIBC targets the USD index DXY at 98.9 by year-end and at 95.6 by Q2 of 20120. "We share the view of many FOMC speakers that rate cuts will be a bit shallower than markets anticipate, with the rate cuts in July and September to be followed by one more 25 bp ease in December, and then a pause," CIBC notes. "While US data has been a mixed bag, the economy has yet to have a quarter of growth below its non-inflationary potential. American consumers are in a healthy position based on an ample savings rate, low monthly financial obligations, and ongoing labor income growth. That underlying resilience, while not preventing a further slowing in growth, should be bullish for the dollar against overseas currencies in the very near-term, given the deeper risks to growth abroad (i.e. China and Europe), as well as uncertainty surrounding Brexit and trade, that will propel safe haven inflows in the greenback. Over a longer time horizon, an easing in the appetite for such flows should see DXY give back some of its strength. For that, we’ll need some fiscal stimulus in Europe to reduce its dependence on negative yields, and an easing in US-China trade tensions. Any reduction in the attractiveness of US assets as a safe haven serves to weaken the greenback, given America’s persistent current account deficit," CIBC adds. According to the Analysis, pair is expected to find support at 1.0911 and a fall through could take it to the next support level of 1.0898. The pair is expected to find its first resistance at 1.0955, and a rise through could take it to the next resistance level of 1.0968. For More information about the release time of news visit here: https://xtreamforex.com
  14. xtreamforex26

    Technical Overview of NZD/USD and USD/JPY Currency Pair NZD USD NZD traded lower against USD and closed at 0.6271. · NZD/USD rebounding after staging key reversal lower yesterday · Pair is up close to 0.59% from the NY close and nearing 0.6300 · Move up coincided with speech by RBNZ Governor Orr · Orr says rates will remain low for long time, but QE unlikely · Adds that low rates provides excellent investment opportunities · Resistance at 10-day MA at 0.6314 and break eases downward pressure Bank of America Merrill Gross Domestic Product q/q (GDP) is a monetary valuation of all goods and services produced in the United States in the given quarter compared with the previous one minus the price of goods and services used in production. The GDP calculation equation includes consumer spending, government spending, amount of all investments (including capital expenditures for activities) and total net export of the country. GDP is the indicator of the country's economy and population living standards. A regular inflation adjustment allows for a valid comparison of the current value with the previous one. Thus, the country's GDP can be displayed as a percentage of the previous year or quarter. This is handy for measuring the economic growth rate. GDP growth can have a positive effect on dollar quotes. According to the Analysis, pair is expected to find support at 0.6264 and a fall through could take it to the next support level of 0.6245. The pair is expected to find its first resistance at 0.6328 and a rise through could take it to the next resistance level of 0.6347. USD JPY USD traded lower against JPY and closed at 107.76. Bank of America Merrill Lynch Global Research discusses USD/JPY outlook and maintains a structural bearish bias The bar is high for the BoJ to cut the policy rate and the USD/JPY level is likely to be a key variable. We would sell USD/JPY (and vol) if it rallies on expectations for the BoJ from the current level. The likelihood of the BoJ's rate cut would increase if USD/JPY sells off to 104-105, accompanying weakness in risk assets. However, we do not think a mere 10bp rate cut would contain the pressure. We expect the market to test the BoJ in such a scenario and volatility will rise," BofAML notes. "But the combination of fiscal easing, rate cut with supplementary measures, and more purchases of foreign assets by public/semi-public institutions, may prove effective in weakening JPY," BofAML adds. BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan. If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively. According to the Analysis, pair is expected to find support at 107.20 and a fall through could take it to the next support level of 106.99. The pair is expected to find its first resistance at 107.86, and a rise through could take it to the next resistance level of 108.07. Important Economic Events of the Day · JPY: BoJ Governor Kuroda Speech · USD: United States Gross Domestic Product (GDP) q/q · EUR: ECB President Draghi Speech · GBP: BoE Governor Carney Speech · USD: Pending Home Sales m/m · MXN: Bank of Mexico Interest Rate Decision For More information about the release time of news and its impact visit Economic Calendar Page!
  15. xtreamforex26

    Risk Management When trading Forex there are many factors that can affect the trades very badly, be it greed or fear. Some people can get too intoxicated with the thrill of making a profit that they lose a streak of trades that sets them back, or they can invest too much money in each trade and get wiped out. All these factors need to be managed, and that is where risk management comes in. Risk management not only reduces risk for trades but makes sure that traders have a plan to recover their losses. Reward to Risk Ration With this method of risk management, traders have to consider the possible reward with the successful completion of a transaction, when they are deciding on which trade to make. This includes considering the spread as it affects the price a lot. The possible reward from the trade has to be big enough to cover the fees you will be paying the broker through the spread, so the trader puts a stop to execute a sell order automatically if the trade moves against him, this protects the capital and makes sure losses won’t more than the fee. So if a spread costs 2 pips and a 50 pip trading loss is acceptable, then the reward expected should be 152 pips so you get a 3:1 reward risk ration. This means a downside of 50 pips with an upside of 152 pips can cover the spread, and give you a 150:50 reward risk ration. Capital protection & Risk Management Using this method a trader makes sure each trade uses no more than 2% of the capital. This makes sure that even with a series of bad trade the balance won’t go down to 0 and therefore the trader does not go broke. With a constant 2% investment of the capital, it would take an average of 50 losses in order to lose all the funds. This not only smart but also a highly encouraging making sure you don’t end up having to fund all the time and waste your money and lose your courage. XtreamForex Risk Management Tips: · Try Demo/Practice account. · Daily watch the news. · Stay updated with current and upcoming Economic events. · Open trade with small Lot size. · Correlations – increasing risk unknowingly. · Always set your stop loss and take profit. For more detail visit here: https://xtreamforex.com
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