All posts by: Dorothy A Wheeler

About Dorothy A Wheeler
October 8, 2020

Three Ways to Improve Your Forex Trading

Trading currencies seems to be extremely popular among people who wish to replace or supplement their existing income. Most people end up losing all their money, though, because they have a tendency of being extremely impatient and trying to run before they can crawl. You’ll be glad to know that if done correctly, Forex trading can be lucrative. This article will cover a few suggestions that should help you improve your Forex trading.

The biggest problem most new Forex traders have is that they throw themselves into the market before they learn how to trade properly. They think they can start making a profit right away, with just a few courses and books under their belt. After, they aren’t sure why and how they lost their whole account. Forex trading is not a way to make money overnight and requires quite a bit of hard work and dedication to make a profit. You have to practice trading with a demo account because trading live is completely different to theory and take the time to learn the theory as well. It is essential, for this reason, for you to practice trading on a demo account for a while or, preferably, until you are consistently profitable. Only then should you put your own money into the markets.

Any successful Forex trader needs to know how to conduct technical analysis, which is the study of price movement. Since history has a habit of repeating itself, the idea is that by looking at how price has reacted in the past, it will be easier for a trader to forecast how it will behave in the future. Basically, one presumes that price is likely to behave as it did in the past and traders use price charts to identify potential trading opportunities. However, technical analysis can be highly subjective as two traders are very likely to see completely different things on the same price chart. You need to learn technical analysis, though, if you wish to succeed at this occupation, which means being able to identify chart patterns, being able to apply indicators such as Bollinger bands, MACD and pivot points.

Learning to identify candlestick patterns will benefit your trading greatly. A candlestick is one way of presenting currency value for the timeframe being traded, showing the highs, lows, opening and closing prices. Since you can see the direction of the market at a glance, considering that the bodies of candlesticks are color coded according to whether price is moving up or down, they have become extremely popular with traders. The shape of a candle can signal a change in the direction of the market or the continuation of a trend, and that is what candlestick patterns refers to. A candle with a small body and a long tail, with price closing higher than it opened, is known as a hammer, for example. If it appears after a series of candles where price closed lower than it opened, it usually signifies that the market will change direction. There are plenty of patterns that can also help to determine whether or not the trend will continue.

Forex trading can seem daunting, especially when you realize exactly how many concepts you have to understand. You will have to put quite a bit of work in, but it’s more than worth it. But never put money into the market before you have proven results on a demo account first. This increases the chances of your live account being profitable.

Ways to Improve
October 8, 2020

Forex Factory Simple Trading Strategy

Today I want to show everyone a very simple yet powerful trading strategy that I saw in Forex Factory. For this strategy you don’t need any indicators and all you need is a live forex chart.

This system can generate a daily profit of about 30-50pips 
It is made for the U.S trading session.

Here are the stages for setting up the system:

1. Use the M15 Chart for a USD Major pair, example like EUR/USD.
2. Add a vertical line at 14:00 (EST) time on your Chart.
3. Add a vertical line at 16:00 (EST) time on your Chart.
4. Make a Horizontal line at the low of candles in the range.
5. Make a Horizontal line at the high of candles in the range.

Now you should have a square or a rectangle drawn in your chart which is a typical range. All you need to do to complete the trading system is place sell stop at the low with stop loss at the high and a buy stop at the high with a stop loss at the low.

Ideal Targets: You should aim for about 30-50pips but if you think it will go stronger then just leave it with no targets. You can also use a 15 pip trailing stop if you have that feature.

Trading system was first found in Forex Factory. Please comment if you find the system profitable.

Trading Strategy
October 8, 2020

Stockpair Review Updated For 2014

Stockpair has been an incredibly popular pair options broker ever since they first hit the scene in 2011. And then in late 2013 they even began to offer the standard high/low and 60-second binary options contracts. This in-depth StockPair review by the Bosses is updated for 2014 and reflects all of the many changes which has taken place for this service in the last year or so.

Unfortunately, this year’s review did reveal some rather bad news, at least for some of us. And the unfortunate news would be that Stockpair will no longer be accepting any US-based traders, due to regulatory conflicts. This is a big blow to US-based pair options traders because there is absolutely no reasonable alternative to Stockpair for the advanced trading of pair options contracts. But, for those of you who reside outside the US, this poses no problem at all. So check them out, and see if they might be able to fit your trading needs. Good luck out there!

Stockpair Review
October 8, 2020

Forex Volatility Factor EA – My REsults and Reviews – Get Download

Hello Guys,

Today post my review about Forex Volatility Factory EA.

If you really think about trading with volatility strategy you can see some info about volatility factor methods for trade forex market. But if you not have some time for trade with volatility strategy – you can choose automated trading.

Forex Volatility Factor EA – it is Best tool for trade with volatility factor method. You can find more details about Volatility Factor EA on official web site and can try to trend with some profits. If you have any questions or help for trade with Volatility FActor EA please contact us and we help you.

Best regards.

Forex Volatility Factor
October 6, 2020

Understanding the Different Stages of Investments

There are several branches to understanding finance and investments. People who have just started working might want to pay attention to the ropes of investment more than anyone else. They are the ones who need to save their money and invest in the right portfolios. However, they are also the ones who do not have all the required knowledge about investments. And that is why we have an article here that explains the different stages of investments in some details. Let us now delve right into the article and try to get the hang of the right ways of investing.

Investment- In a Nutshell

The very talk about investment could give rise to bouts of nervousness. And this is especially true for the ones who have never gone about the job by themselves before. However, to begin with, there is an investment ‘risk ladder’ that you might want to learn about, and that can help you navigate the risks of different assets and portfolios.

According to this risk ladder, cash is the most stable form of investment, and any other kind of complicated investment is the most volatile. The risk ladder helps you understand the different types of investment so that you can figure out what works the best for you.

Nutshell

The Investment Ladder- Simplified

In this part of the article, we shall look into the different levels of investment, also known as the investment ladder, to better understand the ropes of investment. The investment ladder shall help you work out the type that shall suit you the best. What works for your friend might not as much work for you too. And that is why you need to be more cautious.

Cash- The Most Stable Form of Investment

The most stable form of investment, as we mentioned earlier, is that of cash. There are very few complications associated with it, and it is quite easy to understand as well. Plus, it truly is the safest option for those who want to invest securely. You have the guarantee to get your capital back on time. However, on the downside, you might also have to pay massive penalties to withdraw your money that is locked up in the portfolio.

Bonds, Mutual Funds, ETFs and Stocks

Besides other volatile alternative forms of investments like real estate and hedge funds, other options to that lie in between on the ladder are those of bonds, mutual funds, ETFs and stocks. These too, are quite volatile and susceptible to more risks than cash. The ups and downs and sudden market crashes can lead to losses. However, on the plus side, investing in these portfolios can be quite lucrative as well. Mutual funds are a great place to invest, and here you can spread out your investment in a number of portfolios to avoid losing everything altogether.

Mutual Funds

Conclusion

There are different types of investments. While some like to invest in gold and land, some others opt for stocks and policies. You must work your costs and choose the ones that you feel shall work the best for you.

Investments
October 2, 2020

FOREX TRADING- Dollar extreme lower as U.S.-China trade optimism take up Australia

The increased risk appetite contributed to the rise of the Australian dollar after US government officials said trade talks between China and the United States would continue Wednesday for an unannounced third day.

The Australian dollar rose 0.2% to $ 0.7152, after peaking at $ 0.7172 in three weeks early in optimism talks over the Sino-US talks.

The Australian dollar is often seen as an indirect indicator of Chinese growth, as its economy relies on exports and China is the country’s main destination for its commodities.

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“The sharp slowdown in Chinese growth and the fact that the US stock market has been caught up by the weakness of the stock markets observed elsewhere (…) somehow encourage the conclusion of a negotiated agreement in the coming months”, said Jason Wong, Senior Market Strategist at BNZ Markets in Wellington”

The recovery of risk assets has accelerated since last Friday when Federal Reserve Chairman Jerome Powell realized the risks to the economy and would be patient and flexible in political decisions this year.

 

  • The dollar index, which measures the greenback versus a basket of six peers, fell 0.1% to 95.787 early in the session.
  • The index, which had risen 0.2% in the previous session, was near the lowest level in 11 weeks, 95.638 reached earlier this week.

Against the yen, the dollar remained virtually unchanged at 108.73 yen per dollar.

“Until the beginning of the year, the market had become too pessimistic about the global economy, but it seems that this kind of pessimism is fading away,” said Masafumi Yamamoto, chief strategist of the monetary policy at Mizuho Securities.

“The recovery of the market climate will continue. In this context, I think the dollar/yen will gradually strengthen and reach 110. “

Elsewhere, the euro rose 0.2% to the US $ 1,1457, but its rebound was not large enough to recover a slightly more pronounced loss in the previous session due to concerns over the slowdown in the economy. the economy of the euro area.

An unexpected fall in German industrial production for the third consecutive month weighed on the euro overnight. The decline was modest, but it highlighted concerns about the slowdown and cautiousness of the European Central Bank as it tried to divert the region from economic recovery.

“I think there will be another drama. Uncertainty dominates the pound again. It will face downward pressure and the euro will also suffer, “said Yamamoto of Mizuho.

The UK Parliament is expected to vote on Prime Minister Theresa May’s January 15 deal on Brexit, and the upcoming approach is expected to dominate the sterling trade. May is ready to lose the vote unless she can convince opponents inside and outside her party to support her project. (Edited by TopAsiaFX)

Forex Trading
September 24, 2020

Stockpair trading platform – Pair options

We took a look at this most popular of pair options trading platforms by opening an account and trying out the Stockpair platform for ourselves. We were pleasantly surprised by the experience. The Stockpair trading platform offers a unique take on binary options trading and is a very welcome addition to the lineup.

Binary stock pair options are simple trading instruments that allow you to make trades based only on the relative performance of two assets. For example: Which will do better over the next day, Gold or Silver? It makes no difference whether the market is going up, down or sideways. All that matters for a trade on the Stockpair platform is which one of the pair is gaining more? Or losing more? It’s all about the relative performance of the paired underlying assets. A great example from current events is the NASDAQ versus Apple. Apple is listed on the NASDAQ but for many months now has fairly consistently outperformed its parent index. And this has held true in both up and down market conditions. With Apple gaining 2% when the NASDAQ gains 1%. Or Apple losing only 0.2% when the NASDAQ shed a full 1%. Indeed, Apple has been an outstanding money maker for many using the Stockpair platform for awhile now.

Many people find that the Stockpair platform is easier to get the hang of and therefore more profitable for them than regular binary options. Most of those have reported that they found the transition from plain vanilla stock trading to the Stockpair trading platform quite natural and intuitive. One of the biggest advantages of the Stockpair platform is the amazing ability to precisely structure your own risk/reward ratios while also controlling overall risk with pinpoint accuracy. We were amazed at the complex strategies and risk control procedures our trader was able to construct employing multiple stock pair options trade at once. The Stockpair trading platform is great because it can cater to people from total beginners to expert professional traders. Regular binary options simply do not offer the kind of flexibility that the Stockpair platform can offer.

Stockpair trading
September 14, 2020

Markets Lower as Fitch Comments Cause Concerns; S&P 500 Support Seen at 1226

Risk sentiment is dropping, starting with the Asian session after Fitch comments suggesting that the sovereign debt crisis is likely to spread to more countries and that it has the potential to lead to credit downgrades for banks in the United States. The only positive in the statement was the assertion that US banks have reduced their exposure to troubled European assets. Either way, the comments wound up being the driving factor on the day as even the strong Industrial Production number out of the US could do nothing to change price trajectory.

The macro data should be given attention, however, even if markets are not putting most of the focus there in the short term. Inflation in the US came in at an elevated 3.5% for the headline figure but the core figure showed more evidence of price stability. Treasury inflows also beat market expectations but matched our estimates mentioned yesterday, which were based on the recent strength seen in the US Dollar. Today, the macro calendar is much lighter and there are no scheduled monetary policy meetings, so we could see some consolidation of yesterday’s declines (i.e. a decrease in price volatility).

One potential point of activity could come from the Treasury bond auctions that will take place in Europe, so any news flows from this could be paid attention. In Italy, Mario Monti assumed his new position as prime minister (backed by a technocrat cabinet) and markets will be watching his comments closely to gauge his plans to solve Italy’s debt issues and the probability of achieving political majorities in what could be described as a fractured government. Ranges in the EUR/USD have moved down to 1.3420-1.3480 while the USD/JPY remains heavy at 76.90-77.10.

Read the rest of this article at our spread betting site where we are covering daily financial market analysis to help you with your financial investment. We also have discussion on spread bet companies such as ig index, city index and more.

Markets Lower
August 21, 2020

A Beginner’s Guide to Foreign Exchange Trading

Foreign Exchange or Forex, as a concept, sounds something of a big deal that not many would want to take up for perusal. People do not use forex every day in their lives, in their 9 to 5 jobs, and that is why the idea of studying it in great depth might not occur. However, the domain is broad, and one can always start by learning the basics of forex trading if they are interested in it. In this article, we shall cover the basic points about forex trading, which can act as a pathway to the bigger world of trading out there. Therefore, without any further ado, let us move on to learn a few basic things about forex trading and solidify our understanding about it.

A Working Definition:

We shall begin with providing a working definition of foreign exchange trading to lay the grounds first. From the very name of it, we can understand that forex stands for foreign exchange. Foreign exchange is the process of currency trading. Simply put, it is the process of buying or selling one currency in exchange for another. It might not occur to you, but when you travel overseas and exchange the currency of your home country in exchange of the one that is used in the foreign country, you partake in the global foreign exchange market. At any given point in time, you can enter the space of forex trading without much capital at hand. And that is why we must look into the basics to make the job of forex trading easy for you.

Exchange Trading

About Currency Pairs Primer:

In this section of the article, we shall talk about currency pairs and their significance. Forex trading always takes place in pairs, and this means that there are always two currencies involved while trading. This is so that the exchange signifies the value of one currency in relation to the other. There are also specific symbols used to denote the pairs of currencies. For instance, EUR/USD is used to denote the pair of Euro and US Dollar. The final thing that we must understand about foreign exchange is that there is always a market price associated that denotes how much of the second currency is required to purchase the first currency.

A Quick Note on Paper-Trading Accounts:

The final thing that we must touch upon in this article is that of the paper-trading account. This is the process where you fake trade through a paper-trading account to check how much prices move in real-time. There are online portals and mobile apps too that offer such accounts. However, the advantage of these mobile apps is that they do not put your capital at any risk.

Paper-Trading Accounts

Conclusion:

These were some basic points about foreign exchange trading that we have covered in the article. There are several other factors that you need to consider when you take up forex trading. However, these points shall be a good start for anyone who is just starting out.

Foreign Exchange Trading
June 12, 2020

Tips that Every Foreign Exchange Trading Beginner Can Make Use of

Foreign exchange trading seems like an elusive concept, especially for the ones who are very new to the discipline. There are several terms and jargons that dominate this sphere, and it is important to understand them to ace the domain. However, for beginners, we have a few tips that they might want to wrap their heads around and make educated decisions about trading. If you are a beginner yourself, this article might be just the right one for you. Therefore, let us look into these tips and see how one can navigate the domain and minimize the risks of running losses.

Have an Understanding of the Market:

The first thing that you must do before you start trading is to gain some knowledge about the forex markets. One cannot understate the importance of understanding the foreign exchange markets, especially for those who want to start trading in this field. There is a lot to explore, learn and add to your trading vocabulary. It is essential that you invest some time in learning all that you can about the market to make better decisions.

Market

Pay Attention to the Forex Market Predictions:

Market predictions are always available on the internet, apps, newspapers and various outlets of media. You need to pay attention to all the forecasts and predictions of the foreign exchange market if you are to make better decisions. These markets showcase trends and potential outcomes, and you must be able to make sense of all these. Ignoring the trends will not land you anywhere, and it is time you start paying attention to them.

Do Not Be Overwhelmed by Emotions:

There is no place for emotions when you want to make it big in the forex market. You need to leave them at the door before entering this volatile space. Losses should not break you, and profits should not get to your head. You must not let your emotions run amok and try to stable while you are trading. Do not opt for ‘revenge trading’. This sort of trading rarely bodes well. Understand that it is okay if you lose. Everyone loses at some point. There is no need to be too harsh on yourself. Sit back, relax and start over.

Forex Market

Finally, Be Aware of Your Limits:

Everyone runs on a budget constraint, and as a beginner, you must too. Always fix up on a budget before you start trading. This will pay you well in the long run. Foreign exchange trading is a bit of a gamble, where you cannot always predict the outcomes appropriately. You must be willing to take some calculated risks. However, there are ways to minimize and calibrate the risks. Set your limits and stop trading when you find that it is becoming difficult too much to handle. Understand your constraints and trade accordingly.

Foreign Exchange