Perfect Trend System Review – ForexTraders'Guide

eToro: impressions, doubts and (ignored) lessons from copy trading

(no promotional content, no affiliate links)
Hi,
exactly four years ago, I started copying eToro investors / traders that I selected using the broker's built-in search engine (profitable in last two years, already being copied by others), followed by manual filtering, to take into account fluctuations in yearly returns, composition of their portfolios etc. With that, I got a list of 10 people whom I started to copy on a demo account:
https://drive.google.com/file/d/1u52f0XHfr-LauIscKcFDYF0yGTTUr6VY/view?usp=sharing
In the screenshot you can see that in case of the first two of them the amount invested was $10,000, while for the rest it was just $100. This is because I started copying the first two a couple of weeks earlier; eventually I changed this into $100 the same day I made the screenshot and this is when my calculations start - so this thing is irrelevant, I just cannot travel in time to make another screenshot.
What I did after that?
Well, within the next six weeks my profits oscillated between -$11 and +$9.50 (the biggest profit was on Nov 9, a day after US presidential elections). I found this "boring" and discontinued experimenting with copy trading.
Today I looked back at those ten traders. Here is what I found. Firstly, seven of them are not with eToro anymore; investorNo1, Simple-Stock-Mkt, tradingrelax, 4exPirate, primit, Gallojack, xjurokx. The other three traders are:
My observations and thoughts are as follows:
  1. Seven out of ten traders are not with eToro anymore, which makes me wonder why. I have no proof but my guess is they simply performed poorly, lost their copiers and closed their accounts. This is already alarming but what if they opened another account? Or, even worse, multiple accounts? They could be investing small money and try different risky approaches, hoping that at least one account will turn out profitable in the long turn, attracting potential copiers. (I'm not claiming that those 7 particular traders did this, it's just my general suspicion regarding some of eToro traders)
  2. I'm unable to calculate what would be my profit if I never stopped copying them, because I cannot check at what day and with what profit those seven traders left eToro. I'm guessing this would be an immense loss. On the other hand, considering the three traders who are still with eToro, I would lose more than a quarter of my assets!
What now?
I must be a quite adventurous person or at least an incorrigible optimist, because a month ago (exactly on Aug 26th) I started copying three traders with real money. Here is who they are.
rubymza (Heloise Greeff)

OlivierDanvel (Olivier Jean Andre Danvel)

rayvahey (Raymond Noel Vahey)
What was my strategy to hand-pick these particular traders? First I did some basic scanning using eToro's built-in search engine. The most important filter was that the trader was profitable within the last two years: unfortunately, eToro does not allow to reach details of earlier performance automatically. To know how the trader performed before 2019, I had to look at stats in the profile of each of them. I was also taking into account how often they trade (to avoid those who do only a couple of trades yearly), whether they were trading recently and whether they write posts regularly in their feed. With this, I got a list of fifteen candidates to copy:
As you already know, I finally chose three of them. Rubymza seemed to be the most trustworthy stock trader, based on profits, posts feed and regular trading, among other things. Regarding OlivierDanvel, his uniqueness is the ability to record continuous profits with the Forex market. Finally, with rayvahey I wanted to increase my exposure to the commodities market.
Wish me good luck!
Michael

P.S.
You might find those copy-trading related readings interesting:

Disclosures:
submitted by investing-scientist2 to StockMarket [link] [comments]

Bitcoin Broker Understand the Benefits of CryptoCurrency Trading

Bitcoin is a cryptocurrency, which can be spent, saved, or invested, and it can be stolen too. Trading with Bitcoins was considered to be risky, but the current trends show that it has become a big hit the binary options sector. This decentralized currency is not regulated by any Government, or by any central authority.
What determines the price of Bitcoins?
Bitcoin's price is determined according to the supply and demand ratio. Price increases when the demand increases, the rates plummet downwards when the demand falls. Bitcoins in circulation are limited, and new ones are created at a very slow rate. Since it does not have enough cash reserve to move the market price, its price can be extremely volatile.
Bitcoin trading is popular because of -
Binary options Bitcoin trading platform
bitcoin binary options are getting familiar with popularity of these Bitcoins, and its constant fluctuating values. Therefore they are using this opportunity to offer traders with the latest volatile crypto-currency as an additional payment method. Bitcoin brokers providing crypto-currency as trading option include -
Bitcoin brokers provide a simple trading online platform. All you have to do is visit their website, enter your details, and create an account. You can start with demo account to understand the market action.
The trading screen is simple.
Is Bitcoin trading secure?
Bitcoin network is possibly the world's vast spread computing project. The most common weakness here is the user errors. Bitcoin wallet files can get lost, stolen, or deleted accidentally just like any other files in the digital form.
However, users can use sound security strategies to protect their cash. Alternatively, you could choose the service providers who offer high-level security, as well as insurance against loss or theft.
We provide latest information on Bitcoin brokers and online trading platforms on our website. Please visit our website to check out the broker reviews in order to make the right choices.
submitted by amirkhoso to u/amirkhoso [link] [comments]

Looking for a Trading Accountability Buddy

Hello Fellow Redditor Traders,
I realized that trading a particular system is not about the system itself but on the approach of the user, an infinite amount of strategies exist out there and if a user is littered with a negative, inpatient, impulsive, loss averse, etc mindset than not even the "top" performing strategies would be of use. Thus, to me it seems that I get into this negative mindset from time to time, going into frequent draw-downs and consistent losses (low success rate) but fortunately with adequate risk management (to an extent) which kept my capital alive for this past year of actively trading the Forex market (-15% thus far). I am detail oriented and have a very detailed journal of every trade I take/ took (>500 trades mainly Forex) with statistical calculations on the different strategies that I have formulated, implemented, and back-tested manually (and have mostly failed due to user error in live markets). I can help with providing reflection on the trade setups technically and fundamentally, formulating a trading plan from scratch, formulating strategies, establishing adequate risk management and provide self-reflection as I fully know how it could be when stuck in a negative cycle.
I need someone to reciprocate accountability with (Currently at GMT +4 but wont mind the time difference in effort to make this work), I have a trend continuation based strategy that can work if I have the right mindset towards it, thus I would like to find someone to hold me accountable for the trades I enter during the week (end of week review) and also share ideas with back and forth on the different setups that are provided during the week.
Anyone serious about trading is welcome!
Regards, Z
submitted by ZzRedditor to Trading [link] [comments]

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

Author: Christian Hsieh, CEO of Tokenomy
This paper examines some explanations for the continual global market demand for the U.S. dollar, the rise of stablecoins, and the utility and opportunities that crypto dollars can offer to both the cryptocurrency and traditional markets.
The U.S. dollar, dominant in world trade since the establishment of the 1944 Bretton Woods System, is unequivocally the world’s most demanded reserve currency. Today, more than 61% of foreign bank reserves and nearly 40% of the entire world’s debt is denominated in U.S. dollars1.
However, there is a massive supply and demand imbalance in the U.S. dollar market. On the supply side, central banks throughout the world have implemented more than a decade-long accommodative monetary policy since the 2008 global financial crisis. The COVID-19 pandemic further exacerbated the need for central banks to provide necessary liquidity and keep staggering economies moving. While the Federal Reserve leads the effort of “money printing” and stimulus programs, the current money supply still cannot meet the constant high demand for the U.S. dollar2. Let us review some of the reasons for this constant dollar demand from a few economic fundamentals.

Demand for U.S. Dollars

Firstly, most of the world’s trade is denominated in U.S. dollars. Chief Economist of the IMF, Gita Gopinath, has compiled data reflecting that the U.S. dollar’s share of invoicing was 4.7 times larger than America’s share of the value of imports, and 3.1 times its share of world exports3. The U.S. dollar is the dominant “invoicing currency” in most developing countries4.

https://preview.redd.it/d4xalwdyz8p51.png?width=535&format=png&auto=webp&s=9f0556c6aa6b29016c9b135f3279e8337dfee2a6

https://preview.redd.it/wucg40kzz8p51.png?width=653&format=png&auto=webp&s=71257fec29b43e0fc0df1bf04363717e3b52478f
This U.S. dollar preference also directly impacts the world’s debt. According to the Bank of International Settlements, there is over $67 trillion in U.S. dollar denominated debt globally, and borrowing outside of the U.S. accounted for $12.5 trillion in Q1 20205. There is an immense demand for U.S. dollars every year just to service these dollar debts. The annual U.S. dollar buying demand is easily over $1 trillion assuming the borrowing cost is at 1.5% (1 year LIBOR + 1%) per year, a conservative estimate.

https://preview.redd.it/6956j6f109p51.png?width=487&format=png&auto=webp&s=ccea257a4e9524c11df25737cac961308b542b69
Secondly, since the U.S. has a much stronger economy compared to its global peers, a higher return on investments draws U.S. dollar demand from everywhere in the world, to invest in companies both in the public and private markets. The U.S. hosts the largest stock markets in the world with more than $33 trillion in public market capitalization (combined both NYSE and NASDAQ)6. For the private market, North America’s total share is well over 60% of the $6.5 trillion global assets under management across private equity, real assets, and private debt investments7. The demand for higher quality investments extends to the fixed income market as well. As countries like Japan and Switzerland currently have negative-yielding interest rates8, fixed income investors’ quest for yield in the developed economies leads them back to the U.S. debt market. As of July 2020, there are $15 trillion worth of negative-yielding debt securities globally (see chart). In comparison, the positive, low-yielding U.S. debt remains a sound fixed income strategy for conservative investors in uncertain market conditions.

Source: Bloomberg
Last, but not least, there are many developing economies experiencing failing monetary policies, where hyperinflation has become a real national disaster. A classic example is Venezuela, where the currency Bolivar became practically worthless as the inflation rate skyrocketed to 10,000,000% in 20199. The recent Beirut port explosion in Lebanon caused a sudden economic meltdown and compounded its already troubled financial market, where inflation has soared to over 112% year on year10. For citizens living in unstable regions such as these, the only reliable store of value is the U.S. dollar. According to the Chainalysis 2020 Geography of Cryptocurrency Report, Venezuela has become one of the most active cryptocurrency trading countries11. The demand for cryptocurrency surges as a flight to safety mentality drives Venezuelans to acquire U.S. dollars to preserve savings that they might otherwise lose. The growth for cryptocurrency activities in those regions is fueled by these desperate citizens using cryptocurrencies as rails to access the U.S. dollar, on top of acquiring actual Bitcoin or other underlying crypto assets.

The Rise of Crypto Dollars

Due to the highly volatile nature of cryptocurrencies, USD stablecoin, a crypto-powered blockchain token that pegs its value to the U.S. dollar, was introduced to provide stable dollar exposure in the crypto trading sphere. Tether is the first of its kind. Issued in 2014 on the bitcoin blockchain (Omni layer protocol), under the token symbol USDT, it attempts to provide crypto traders with a stable settlement currency while they trade in and out of various crypto assets. The reason behind the stablecoin creation was to address the inefficient and burdensome aspects of having to move fiat U.S. dollars between the legacy banking system and crypto exchanges. Because one USDT is theoretically backed by one U.S. dollar, traders can use USDT to trade and settle to fiat dollars. It was not until 2017 that the majority of traders seemed to realize Tether’s intended utility and started using it widely. As of April 2019, USDT trading volume started exceeding the trading volume of bitcoina12, and it now dominates the crypto trading sphere with over $50 billion average daily trading volume13.

https://preview.redd.it/3vq7v1jg09p51.png?width=700&format=png&auto=webp&s=46f11b5f5245a8c335ccc60432873e9bad2eb1e1
An interesting aspect of USDT is that although the claimed 1:1 backing with U.S. dollar collateral is in question, and the Tether company is in reality running fractional reserves through a loose offshore corporate structure, Tether’s trading volume and adoption continues to grow rapidly14. Perhaps in comparison to fiat U.S. dollars, which is not really backed by anything, Tether still has cash equivalents in reserves and crypto traders favor its liquidity and convenience over its lack of legitimacy. For those who are concerned about Tether’s solvency, they can now purchase credit default swaps for downside protection15. On the other hand, USDC, the more compliant contender, takes a distant second spot with total coin circulation of $1.8 billion, versus USDT at $14.5 billion (at the time of publication). It is still too early to tell who is the ultimate leader in the stablecoin arena, as more and more stablecoins are launching to offer various functions and supporting mechanisms. There are three main categories of stablecoin: fiat-backed, crypto-collateralized, and non-collateralized algorithm based stablecoins. Most of these are still at an experimental phase, and readers can learn more about them here. With the continuous innovation of stablecoin development, the utility stablecoins provide in the overall crypto market will become more apparent.

Institutional Developments

In addition to trade settlement, stablecoins can be applied in many other areas. Cross-border payments and remittances is an inefficient market that desperately needs innovation. In 2020, the average cost of sending money across the world is around 7%16, and it takes days to settle. The World Bank aims to reduce remittance fees to 3% by 2030. With the implementation of blockchain technology, this cost could be further reduced close to zero.
J.P. Morgan, the largest bank in the U.S., has created an Interbank Information Network (IIN) with 416 global Institutions to transform the speed of payment flows through its own JPM Coin, another type of crypto dollar17. Although people argue that JPM Coin is not considered a cryptocurrency as it cannot trade openly on a public blockchain, it is by far the largest scale experiment with all the institutional participants trading within the “permissioned” blockchain. It might be more accurate to refer to it as the use of distributed ledger technology (DLT) instead of “blockchain” in this context. Nevertheless, we should keep in mind that as J.P. Morgan currently moves $6 trillion U.S. dollars per day18, the scale of this experiment would create a considerable impact in the international payment and remittance market if it were successful. Potentially the day will come when regulated crypto exchanges become participants of IIN, and the link between public and private crypto assets can be instantly connected, unlocking greater possibilities in blockchain applications.
Many central banks are also in talks about developing their own central bank digital currency (CBDC). Although this idea was not new, the discussion was brought to the forefront due to Facebook’s aggressive Libra project announcement in June 2019 and the public attention that followed. As of July 2020, at least 36 central banks have published some sort of CBDC framework. While each nation has a slightly different motivation behind its currency digitization initiative, ranging from payment safety, transaction efficiency, easy monetary implementation, or financial inclusion, these central banks are committed to deploying a new digital payment infrastructure. When it comes to the technical architectures, research from BIS indicates that most of the current proofs-of-concept tend to be based upon distributed ledger technology (permissioned blockchain)19.

https://preview.redd.it/lgb1f2rw19p51.png?width=700&format=png&auto=webp&s=040bb0deed0499df6bf08a072fd7c4a442a826a0
These institutional experiments are laying an essential foundation for an improved global payment infrastructure, where instant and frictionless cross-border settlements can take place with minimal costs. Of course, the interoperability of private DLT tokens and public blockchain stablecoins has yet to be explored, but the innovation with both public and private blockchain efforts could eventually merge. This was highlighted recently by the Governor of the Bank of England who stated that “stablecoins and CBDC could sit alongside each other20”. One thing for certain is that crypto dollars (or other fiat-linked digital currencies) are going to play a significant role in our future economy.

Future Opportunities

There is never a dull moment in the crypto sector. The industry narratives constantly shift as innovation continues to evolve. Twelve years since its inception, Bitcoin has evolved from an abstract subject to a familiar concept. Its role as a secured, scarce, decentralized digital store of value has continued to gain acceptance, and it is well on its way to becoming an investable asset class as a portfolio hedge against asset price inflation and fiat currency depreciation. Stablecoins have proven to be useful as proxy dollars in the crypto world, similar to how dollars are essential in the traditional world. It is only a matter of time before stablecoins or private digital tokens dominate the cross-border payments and global remittances industry.
There are no shortages of hypes and experiments that draw new participants into the crypto space, such as smart contracts, new blockchains, ICOs, tokenization of things, or the most recent trends on DeFi tokens. These projects highlight the possibilities for a much more robust digital future, but the market also needs time to test and adopt. A reliable digital payment infrastructure must be built first in order to allow these experiments to flourish.
In this paper we examined the historical background and economic reasons for the U.S. dollar’s dominance in the world, and the probable conclusion is that the demand for U.S. dollars will likely continue, especially in the middle of a global pandemic, accompanied by a worldwide economic slowdown. The current monetary system is far from perfect, but there are no better alternatives for replacement at least in the near term. Incremental improvements are being made in both the public and private sectors, and stablecoins have a definite role to play in both the traditional and the new crypto world.
Thank you.

Reference:
[1] How the US dollar became the world’s reserve currency, Investopedia
[2] The dollar is in high demand, prone to dangerous appreciation, The Economist
[3] Dollar dominance in trade and finance, Gita Gopinath
[4] Global trades dependence on dollars, The Economist & IMF working papers
[5] Total credit to non-bank borrowers by currency of denomination, BIS
[6] Biggest stock exchanges in the world, Business Insider
[7] McKinsey Global Private Market Review 2020, McKinsey & Company
[8] Central banks current interest rates, Global Rates
[9] Venezuela hyperinflation hits 10 million percent, CNBC
[10] Lebanon inflation crisis, Reuters
[11] Venezuela cryptocurrency market, Chainalysis
[12] The most used cryptocurrency isn’t Bitcoin, Bloomberg
[13] Trading volume of all crypto assets, coinmarketcap.com
[14] Tether US dollar peg is no longer credible, Forbes
[15] New crypto derivatives let you bet on (or against) Tether’s solvency, Coindesk
[16] Remittance Price Worldwide, The World Bank
[17] Interbank Information Network, J.P. Morgan
[18] Jamie Dimon interview, CBS News
[19] Rise of the central bank digital currency, BIS
[20] Speech by Andrew Bailey, 3 September 2020, Bank of England
submitted by Tokenomy to tokenomyofficial [link] [comments]

Copy trading with eToro: impressions, doubts and (ignored) lessons

(no promotional content, no affiliate links)
Hi,
exactly four years ago, I started copying eToro investors / traders that I selected using the broker's built-in search engine (profitable in last two years, already being copied by others), followed by manual filtering, to take into account fluctuations in yearly returns, composition of their portfolios etc. With that, I got a list of 10 people whom I started to copy on a demo account:
https://drive.google.com/file/d/1u52f0XHfr-LauIscKcFDYF0yGTTUr6VY/view?usp=sharing
In the screenshot you can see that in case of the first two of them the amount invested was $10,000, while for the rest it was just $100. This is because I started copying the first two a couple of weeks earlier; eventually I changed this into $100 the same day I made the screenshot and this is when my calculations start - so this thing is irrelevant, I just cannot travel in time to make another screenshot.
What I did after that?
Well, within the next six weeks my profits oscillated between -$11 and +$9.50 (the biggest profit was on Nov 9, a day after US presidential elections). I found this "boring" and discontinued experimenting with copy trading.
Today I looked back at those ten traders. Here is what I found. Firstly, seven of them are not with eToro anymore; investorNo1, Simple-Stock-Mkt, tradingrelax, 4exPirate, primit, Gallojack, xjurokx. The other three traders are:
My observations and thoughts are as follows:
  1. Seven out of ten traders are not with eToro anymore, which makes me wonder why. I have no proof but my guess is they simply performed poorly, lost their copiers and closed their accounts. This is already alarming but what if they opened another account? Or, even worse, multiple accounts? They could be investing small money and try different risky approaches, hoping that at least one account will turn out profitable in the long turn, attracting potential copiers. (I'm not claiming that those 7 particular traders did this, it's just my general suspicion regarding some of eToro traders)
  2. I'm unable to calculate what would be my profit if I never stopped copying them, because I cannot check at what day and with what profit those seven traders left eToro. I'm guessing this would be an immense loss. On the other hand, considering the three traders who are still with eToro, I would lose more than a quarter of my assets!
What now?
I must be a quite adventurous person or at least an incorrigible optimist, because a month ago (exactly on Aug 26th) I started copying three traders with real money. Here is who they are.
rubymza (Heloise Greeff)

OlivierDanvel (Olivier Jean Andre Danvel)

rayvahey (Raymond Noel Vahey)
What was my strategy to hand-pick these particular traders? First I did some basic scanning using eToro's built-in search engine. The most important filter was that the trader was profitable within the last two years: unfortunately, eToro does not allow to reach details of earlier performance automatically. To know how the trader performed before 2019, I had to look at stats in the profile of each of them. I was also taking into account how often they trade (to avoid those who do only a couple of trades yearly), whether they were trading recently and whether they write posts regularly in their feed. With this, I got a list of fifteen candidates to copy:
As you already know, I finally chose three of them. Rubymza seemed to be the most trustworthy stock trader, based on profits, posts feed and regular trading, among other things. Regarding OlivierDanvel, his uniqueness is the ability to record continuous profits with the Forex market. Finally, with rayvahey I wanted to increase my exposure to the commodities market.
Wish me good luck!
Michael

P.S.
You might find those copy-trading related readings interesting:

Disclosures:
submitted by investing-scientist2 to InvestmentClub [link] [comments]

Trading Accountability Buddy

Hello Fellow Redditor Traders,
I realized that trading a particular system is not about the system itself but on the approach of the user, an infinite amount of strategies exist out there and if a user is littered with a negative, inpatient, impulsive, loss averse, etc mindset than not even the "top" performing strategies would be of use. Thus, to me it seems that I get into this negative mindset from time to time, going into frequent draw-downs and consistent losses (low success rate) but fortunately with adequate risk management (to an extent) which kept my capital alive for this past year of actively trading the Forex market (-15% thus far). I am detail oriented and have a very detailed journal of every trade I take/ took (>500 trades mainly Forex) with statistical calculations on the different strategies that I have formulated, implemented, and back-tested manually (and have mostly failed due to user error in live markets). I can help with providing reflection on the trade setups technically and fundamentally, formulating a trading plan from scratch, formulating strategies, establishing adequate risk management and provide self-reflection as I fully know how it could be when stuck in a negative cycle.
I need someone to reciprocate accountability with (Currently at GMT +4 but wont mind the time difference in effort to make this work), I have a trend continuation based strategy that can work if I have the right mindset towards it, thus I would like to find someone to hold me accountable for the trades I enter during the week (end of week review) and also share ideas with back and forth on the different setups that are provided during the week.
Anyone serious about trading is welcome!
Regards, Z
submitted by ZzRedditor to Daytrading [link] [comments]

Trading Accountability Buddy :)

Hello Fellow Redditor Traders,
I realized that trading a particular system is not about the system itself but on the approach of the user, an infinite amount of strategies exist out there and if a user is littered with a negative, inpatient, impulsive, loss averse, etc mindset than not even the "top" performing strategies would be of use. Thus, to me it seems that I get into this negative mindset from time to time, going into frequent draw-downs and consistent losses (low success rate) but fortunately with adequate risk management (to an extent) which kept my capital alive for this past year of actively trading the Forex market (-15% thus far). I am detail oriented and have a very detailed journal of every trade I take/ took (>500 trades mainly Forex) with statistical calculations on the different strategies that I have formulated, implemented, and back-tested manually (and have mostly failed due to user error in live markets). I can help with providing reflection on the trade setups technically and fundamentally, formulating a trading plan from scratch, formulating strategies, establishing adequate risk management and provide self-reflection as I fully know how it could be when stuck in a negative cycle.
I need someone to reciprocate accountability with (Currently at GMT +4 but wont mind the time difference in effort to make this work), I have a trend continuation based strategy that can work if I have the right mindset towards it, thus I would like to find someone to hold me accountable for the trades I enter during the week (end of week review) and also share ideas with back and forth on the different setups that are provided during the week.
Anyone serious about trading is welcome!
Regards, Z
submitted by ZzRedditor to PriceActionTrading [link] [comments]

dux forex

3) More Than leveraged - Leverage is a two way street. The Currency is half a commerce; failure or success depends upon being about the money that makes up the set. Profit targets will produce the agent rich. The desire to"only" make a couple hundred dollars per day by bending in miniature profits whenever possible will be a losing approach. A cost fast becomes a high cost when you're trading from the trend. Two ) Overtrading - trading with tiny and tight stops 4) Determined by Others -- Actual investors play a lone hand; they Brokers want you to work with leverage since that means more disperse income because your position dimension determines the quantity of spread income; the bigger the position the spread income the broker earns. Traders, and hedge funds have a enormous advantage they could push the currencies round when no volume is currently going through and the ending game is new traders get fleeced attempting to exchange signs best forex brokers in uk.
There is just one signal during off hours – stay out. Trading plan is a blueprint for trading success; it spells out everything you see your edge as being; if you don't have an advantage, you do not have a plan, and likely you'll wind up a statistic (portion of this 95% of traders that lose and quit). 1) Knowledge Deficiency -- Many new FOREX traders do Not take Make their own conclusions and do not rely on others to make their trading decisions for themthere is not any halfway; either trade for yourself or have someone else exchange for you. Agents is a recipe for disaster. When you place on a commerce commit to a stop loss limit which enables your trade a fair opportunity to develop. 9) No Trading Strategy - earn money is not a trading plan brokers reviews.
A 7) Trading Through Off Hours -- Bank FX traders, option The time to find out what pushes money rates (mostly fundamentals). When news or a statement is because they have to close out their positions and also sit out the very best trading opportunities. Following the market calms down, they are taught to only trade. So they overlook the entire move and trade the random sound that follows a cost move that is fundamental. About trading the aftermath of a price movement, just think for a minute . 8) Trading a Currency, Not a Demo -- Becoming right about a Sorts; they are not as time sensitive as actual accounts and so give the impression that time sensitive trading systems, such as average crossovers can be constantly profitably traded; after you start dealing with real cash reality is fast to set in. Difference between buying and buying. What was 5) Stop Losses -- Putting tight stop losses with retail top forex brokers
submitted by usamaali5050 to u/usamaali5050 [link] [comments]

IQ.Cash - the first cryptocurrency trading platform for your traders, investors and miners with the Flits application

IQ.Cash - the first cryptocurrency trading platform for your traders, investors and miners with the Flits application

https://preview.redd.it/2slhxcnrl6v41.jpg?width=1280&format=pjpg&auto=webp&s=73c5e3f3406d1eb2a0bc479a35cff93f6c1d311c
In this article, I’m going to be introducing you one of the trending trading platforms that gives your ultimate ROI. This platform is IQ CASH. And for those who’ve already heard about the platform, this will be like a review of the platform so that you can know more about what IQ CASH Crypto Platform is all about; it’s objectives; it’s benefits and why you should consider investing on the platform as a trader or investor. Interestingly, as much as IQ.Cash platform is itself an online platform for payments and investing. It also supports many other crypto exchanges (crypto-exchange platforms) such that traders of IQ.cash can be able to perform trading with IQ on crypto-exchanges like HitBTC, Bithumb global, BITForex, and so on. Meanwhile, these cryptoexchanges support many currencies including the popular BTC, ETH, and other universally-accepted currencies. This makes the platform (IQ.Cash) a very flexible, seamless platform to use.

https://preview.redd.it/yu4b2oupm6v41.jpg?width=1200&format=pjpg&auto=webp&s=040b0c1f1670dd253b60ee952a1fd245e945d10a
WHAT IS IQ.CASH? IQ.Cash platform or block-chain is a very flexible, universal, big-scale block-chain-network-based platform created for cryptocurrency traders, investors and miners. It will be able to satisfactorily reward it’s members whether they are investing or mining. It is not just any platform, rather, it is a highly rewarding crypto-trading platform to invest in, whether you are an expert trader or a new trader.
AIM/OBJECTIVE OF IQ.CASH IQ.cash platform aims to create and make available for crypto traders an instant, private, seamless, flexible online payments and investing system. They want to become a leading figure in the crypto-trading industry, and also become maximally efficient, a provider of highly confidential and secure payments among the biggest financial firms in the world.
MASTERNODE NETWORK FEATURE The IQ.Cash platform offers a network feature known as MasterNode Network IQ which they developed for Investors on the platform. With this Network, traders on the IQ platform will be able to trade IQ on crypto-exchanges such as HitBTC, BitForex, etc using many cryptocurency options such as BTC, ETH, LTC, and so on, as they wish. It’s a sort of multi-exchange enabling option for IQ.cash platform investors. This makes trading much more interesting and full of multiple feature or options.

https://preview.redd.it/pxpo3hspm6v41.jpg?width=1280&format=pjpg&auto=webp&s=0802f9a0020bdd428946635397f844972ff45cef
REWARDING SYSTEM IQ.Cash platform has a very satifactory rewarding system that gives both investors and minders a big reason to use the platform. Investors on the platform with up to or more than 3000IQ can expect a passive income of 57% from the block and miners on the platform can use 43% of the block. That’s remarkably mouthwatering! The platform is very profitable. (Meanwhile 6% is calculated, deducted and kept seperate for DAO. This is used by the platform in investing in various trading projects such as websites, software packages systems if algorithms traifn, bots for trading, various start-ups, and overall improvement of the IQ.Cash platform.
WHERE TO GET MASTERNODE
IQ.Cash MasterNode can be gotten from an application software or app known as FLITS (Flits app). The app is downloadable on mobile app stores on both Android OS and Apple OS, on Google Play Store or Appstore respectively.

https://preview.redd.it/2kr44nfwm6v41.jpg?width=499&format=pjpg&auto=webp&s=ccba80e77c2a3b34674f6c228028cbb44ecbd747
SIMPLE (WELL-EXPLAINED) STEPS TO CREATING AND HOLDING MASTERNODE (FREE!)
1. Visit your AppStore/PlayStore Visit your mobile apps store and click on the search tab at the top. Search for Flits by typing the word ‘Flits’ in the tray and click search or go. The screen displays the Flit app with the white-on-black left arrow logo.
2. Install the App Then, click on install (or simply open it, if you already have the app). After installation, open the app on your device.
3. Creating New Wallet
At opening the app, you’ll see 2 options, namely: New Wallet OR Import Existing keys. Click on New wallet.

https://preview.redd.it/ivigca6gn6v41.jpg?width=607&format=pjpg&auto=webp&s=701410a178cea91ef2d58e8d6e6a2df5e1232d5e
4. Wrote down your access word (phrase) After creating new wallet, the screen displays a 24-or-so-words phrase that’s important for your access into your wallet. Write them down securely. N:B: you mustn’t loose them.
5. Export paper wallet and save Next, click on ‘export paper…’, then, save and click on ‘continue’.
6. Enter Words for Verification
The system then asks for certain words (e.g the 3rd, 6th and 20th word) from the access phrase. Input as requested and click on ‘verify’.
7. Start using Flits Next, click on ‘Start using…’ or click on ‘Start migration’ if you have an old account on Flits
. 8. Open a wallet Next, click on ‘New wallet

https://preview.redd.it/ohpdlplfn6v41.jpg?width=499&format=pjpg&auto=webp&s=7c39edd83e14e8be574fff6bafa7cffe05cdbf66
10. Go to Personal Tab Go to Personal Tab and click Fee and payments. The page then displays various addresses. Copy the FLS fee deposit address. Also, you can read through the other information below about their fees system.
11. Buy MasterNode Next, you’ll need to purchase the number of MasterNodes you need via this link: tradersfair.com/buy-iq-cash-masternode/. Visit the address on your browser and fill the form with your real email on which you will get a notification for coins credit. Once you get your coins, log-in to the Flip app again and click Nodes Tab
. 12. Deploy Next, click on deploy and choose IQ. Next, choose the number of MasterNodes, as much as you have purchased, then, confirm.
13. Start MasterNode Finally, Got to Nodes list and click on ‘Start node’.
CONCLUSION
Here you go, you are done creating and holding a MasterNode (and it’s free!) You can see that it’s super easy to get a MasterNode and begin to enjoy the immense benefits that the MasterNode provides for you as an inveator. With at least 3000IQ, you are eligible to purchase and hold a MasterNode.
With MasterNode and Algorithm consensus (PoW), IQ.Cash investors can trade seamlessly on the platform and other exchanges and be entitled to an income of 57 percent from the block.
USEFUL LINKS:
Website: https://iq.cash/ Discord: https://discord.gg/qekuX6r Masternode: https://tradersfair.com/1501-how-to-create-iq-cash-masternode-in-flits/?utm\_source=bountycampaign&utm\_medium=masternode&utm\_campaign=bounty Github: https://github.com/IQ-Cash/iqcash/releases Youtube: https://www.youtube.com/finexpo ANN thread: https://bitcointalk.org/index.php?topic=4360591 Twitter: https://twitter.com/IQ\_Crypto Telegram: https://t.me/IQ\_cash Wallets: https://iq.cash Explorer: https://explorer.iq.cash/
Username : Spartacus1971
Profile : https://bitcointalk.org/index.php?action=profile;u=2587769
submitted by Nowrinjahanpospu to ICOAnalysis [link] [comments]

Why I Think The Emphasis On "Strategy" Is So Misplaced

This is a recurring theme that's come up in people reaching out to me via DM. I'm getting asked a LOT about my 'strategy' and getting requests to review your strategies / trading plans, so I thought I'd bang out a post here as a sort of catch-all. It got to the point where I was copy / pasting the same reply to a number of people.
Strategy is really important. You definitely need a cohesive strategy or set of strategies that help determine what gets you in and out of trades. I personally run a mechanical trend-following system in addition to my discretionary style of trading. Even my discretionary style of trading however, is viewed through a framework that gives me consistent structure to follow on trade after trade.
Now that I've gotten that point out of the way, here is my next statement:* Strategy is COMPLETELY USELESS without having a thorough and expert understanding of the markets in the first place*
Here's my analogy: let's say you really want to get into the fast food business. Now let's say you're fairly smart and you realize that your best chances for success are to buy into an established franchise (McDonald's, Taco Bell, KFC, whatever). Now here's the kicker, who do you think is more likely to succeed at running this franchise? Someone who has worked within the industry their entire lives and knows it inside and out, versus someone with no industry experience. Okay, okay, that question is completely rhetorical; it's obvious who has the edge here.
Trading is no different, and it's why buying a course or finding a guru has let so many of you down so many times before. You're trying to follow an established plan (one that has in fact quite possibly brought success to whomever is selling you their wisdom), but without an expert understanding of the industry you are participating in.
If you reject my premise that knowing your shit when it comes to the macro side of things is important, that's fine. Let's take what seems to be the dominant retail route of pure technical analysis. If you don't know technical analysis inside and out, you are not setting yourself up for success when you buy a course (or even read through a free one like BabyPips). After doing a rough search for Forex courses, I haven't found any technical ones (maybe apart from Adam Grimes. I like Adam; don't know the guy personally, but know of him through colleagues) that actually teach you about technical analysis and not just are feeding you a strategy.
My entire point here is that if you don't engage with the nuts and bolts of the arena in which you're competing, you are at an inherent disadvantage. For example, I've talked to a trader that had Stochastics, RSI, AND MACD on their chart. What is the point of having 3 momentum indicators apart from enjoying a gratuitous circle jerk of redundant 'confirmation'? But this trader didn't know the math behind the indicators, what makes them similar and different, how they can be applied. If they did, then maybe they could have explained in greater detail how having those 3 gives them a defined edge.
My favourite example of a trader who 'knows their shit' is Thomas Bulkwoski. I don't like his style, but you can't deny he has done his homework. He has dived so deep into chart patterns that from memory he can quote you various failure points and success rates for individual patterns. He has meticulously studied what works and what doesn't, and can explain the WHY behind all of that.
If you don't know your shit, you will eat shit. So know your shit! Once you know your shit, then it becomes far easier to strategize.
End of rant :)
submitted by ParallaxFX to Forex [link] [comments]

Cryptocurrency Trading With Forex. How does It work?

The demand of cryptocurrency is growing every day. New technologies demonstrate potential power, demonstrating that a currency that is not controlled by the state can really exist.
Rather than just Bitcoin today a large number of alternative forks have been created in the blockchain. In this article, we will examine what is a cryptocurrency, features of its reputation, as well as methods of working in the Forex market.

What Are Cryptocurrencies?

So, first, let's find out what is cryptocurrency. In essence, it is a decentralized digital network that is based on mathematical principles and is protected by cryptographic methods.
This Digital currency is anonymous, genuine, and in fact open, so shifts between wallet owners are done in minutes, depending on the type of currency. Digital money is not attached to fiat currency, and its product is originally restricted by the algorithm.
First in cryptocurrency is Bitcoin, which appeared in 2009.
After Bitcoin demonstrated its promise, which happened relatively quickly, other digital currencies called altcoins began to appear at an active rate. Today, there are alternative "crypts" with more than 950 items. Nevertheless, not all of them are traded on exchanges and are engaging to investors, miners and traders.
The cryptocurrency market operates 7 days a week and 24 hours a day, allowing exchange participants to buy, sell, and exchange currencies at any convenient time.
This type of working also dismisses the concept of a trading session, which indicates that price variations can be hard at any time of the day.
Furthermore, the market is very volatile, increasing its speculative appeal, and a large number of altcoins opens up more opportunities for exchange participants in terms of trade and investment.
First of all, popularity is, of course, Bitcoin, and the percentage of its dominance over other currencies is 42.2%. The most famous coins today involve Bitcoin, Ethereum, Ripple, Litecoin, Dash, Cardano and Zcash.
Overall, in today's crypto market, there is active growth of many currencies. In this connection, investments in altcoins raised, which in a particular way, affected their development and rose theirs in value.
Without a doubt, in the market for every cryptocurrency today, one can observe deep bribes or negligible price corrections. However, the general growth trend is unequivocally present.
Therefore, many have already taken their savings out from under the mattresses and rushed to buy dynamic developing alternative currencies.

Crypto Trading with Forex Brokers

Today, digital money is available on brokerage firms' platforms as an alternative trading tool, which is implemented not only in direct trading of crypto assets but also in indifferent value contracts.
Many Forex brokers provide you to start crypto accounts and trade Bitcoin, Ethereum, Litecoin, etc in pairs with EUR, JPY USD, RUR, and CNH
The replenishment of the account and the withdrawal of funds are carried out through specialized payment systems. Therefore, after the withdrawal of profits, the trader will only have to exchange the coins earned for real money on online exchanges.
Also, some brokers allow direct trading of Bitcoin and Ethereum alongside the dollar.
Cryptocurrency is a promising investment and trading tool where everyone can find their own profit. In fact, it is easier to exchange it in Forex, since you can win with the same success both in the increases in the course and in your falls.
The most reliable Forex brokers to gamble on cryptocurrencies foretell a continuation of the growth trend in the estimation of all currencies, so the one who worries that the bubble will collapse still has an opportunity to obtain their share of the desired profit.
Those who do not have digital currency can use CFD contracts for difference in normal types of trading accounts with related efficiency
This service is obtainable in the Alpari, InstaForex and Forex Club brokers.
submitted by jakkkmotivator to thecryptobasic [link] [comments]

[WallText] For those who really want to be forex traders.

Im sry if u find some grammatical errors, english is not my mother language. Let me know and i will fix it.
First of all, look for at least half an hour without interruptions to read this manual.
This is the system that has created trading professionals. He has done it and today he continues doing it, as it happened with me.
It is not a system written in any forum, in fact I believe that it has been the first to collect all the ideas and create a structure to follow to carry them out, but these same ideas and procedures have been the ones that the winning traders have used during decades and will continue to use, since they are based on completely objective and real foundations.
Let's go to it:
Hi all.
It is known that the observation time makes the patterns elucidate, and after some time in the forum and throughout this trading world I have found many patterns in the responses of the people, I have reasoned about them, and I have realized their failures, why they fail to be profitable.
There are people who have put effort into this. Not all, but there are people who have really read a lot, studied a lot, learned a lot and tried a lot, and even then they are not able to achieve stable profitability.
The question is: Is there enough in that effort? Is there a specific moment in the line of learning where you start to be profitable? The question is, logically.
There are traders that generate constant profitability. Hedge funds, investment firms ... and the difference is in areas where people for some reason do not want to invest time.
Why are there more messages in the strategy forums than in the psychology, journals and fundamental analysis together?
As human beings, our brain is programmed to look for quick positive responses. In nature, the brain does not understand the concept of long-term investment. There is only a short-term investment made from the difference between what we think will cost us something and what we think it will contribute. If we think that it will cost us more than it can give us, we simply do not feel motivated. It is a simple mechanism.
The market plays with these mechanisms. There are more scalpers created from the search for that positive emotion than from the search for a scalping system.
In short, we are not programmed to operate, and there lies the fact that only a huge minority of operators are profitable.
Among others, I have observed several patterns of behavior that make a trader fail, and they are:
- Search for immediate pleasure: The trader wants to feel that he has won on the one hand, and on the other he wants to avoid the feeling of loss. Following this there are many traders who place a very low take profit and a very high stop loss. This is not bad if the probabilities have been reviewed before, the mathematical factor of hope, the relation with the drawdown .. but in the majority of the cases absolutely nothing of statistics is known. There is only that need to win. They win, they win, they win, until one day the odds do their job and the stop loss is touched, returning the account to its origins or leaving it with less money than it started. This does not work.
- Search for immediate wealth: Again it is something immediate. People want good emotions, and we want them already. The vast majority of traders approach this world with fantasies of wealth, women and expensive cars, but do not visualize hard work, the sickly hard work behind all this.
From there underlie behaviors like eternally looking for new robots or expert advisors that promise a lot of money, or new systems. The type of trader that has this integrated pattern is characterized by doing nothing more than that. Spend the day looking for new strategies Of course he never manages to earn constant money.
- Think that trading is easy: Trading is not easy, it is simple. Why? Because when you get the wisdom and experience necessary to find yourself in a state of superior knowledge about the market and effectively make money, it is very simple; you just have to apply the same equation again and again. However, it is not easy to reach this equation. This equation includes variables such as risk understanding, mathematics, certain characteristics in the personality that must be assimilated little by little, intelligence, a lot of experience ..
This is not easy. This is a business, and in fact it is one of the most difficult businesses in the world. It may seem simple to see a series of candles on a screen or perhaps a line, or any type of graphic, but it is not. Behind the screen there are hundreds of thousands of very intelligent professionals, very disciplined, very educated, very ...
This business is the most profitable in the world if you know how to carry, since it is based on the concept of compound interest, but it is also one of the most difficult. And I repeat. It's a business, not a game. I think you'll never hear a lawyer say to his boss: "We're going to focus all our time on finding a strategy that ALWAYS makes us win a trial, ALWAYS." What does it sound ridiculous? It sounds to me just as ridiculous for trading.
But you are not to blame, you have been subconsciously deceived through the advertising brokers and your own internal desires, to think that this is something easy.
- Lack of discipline: Trading is not something you can do 10 minutes on Monday and 6 on Thursday. This is not a game, and until you get a regular schedule you can not start earning money. There are people who open a graph one day for 5 minutes, then return to their normal life and then one week returns to look at it for other minutes.
Trading should not be treated as a hobby. If you want to win "some money" I advise you not even to get in, because you will end up losing something or a lot of money. You have to think if you really want trading to be part of your life. It's like when you meet a girl and you want to get married. Do you really want to get into this with all the consequences? Because otherwise it will not work.
Visualize the hard work behind this. Candle nights, frustrations, several hundred dollars lost (at the beginning) .. enter the world of trading with a really deep reason, if you lose a time and money that no one will return, and both things are finite!
- Know something and pretend to know everything: Making money in the markets is not based on painting the graph as a child a paper with crayon wax and pretend to make money.
It is not based on drawing lines or circles, or squares. It is based on understanding the operation of all these tools, the background of the why of the tools of trading.
A trend line only marks the cycle of a wave within a longer time frame, within a longer time frame, and so on indefinitely. In turn, this wave is divided into waves with a specific behavior, divided into smaller waves and Etcetera, and understanding that dynamic is fundamental to winning.
It is not the fact of drawing a line. That can be done by an 8 year old boy. It is the fact of UNDERSTANDING why.
There are traders who read two technical analysis books and a delta analysis book and believe that they are professionals, but do they really understand the behavior of the market? The answer is in their portfolios.
After this explanation that only 10% will have read, I will try to detail step by step something that is 90% yearning, and that will have quickly turned the scroll of your mouse to find the solution to all your problems while supporting the beer in a book of " become rich ", rotten by lack of use.
These steps must be carried out one by one, starting with the first, fulfilling it, moving on to the second, successively and growing. If steps are taken for granted, or not fully met, it simply will not work.
I know this will happen and the person who did it will think "Bah, this does not work." and you will return to your top strategy search routine.
That said, let start:
1º Create a REAL account with 50 dollars approximately:
_ Forget the demo accounts. They are a utopia, they do not work. There is infinite liquidity, without emotions and without slipagge.
These things will change when we enter the real market, and the most experienced person in the world will notice a sharp drop in their profitability when it happens to real accounts.
And not only using a demo account has disadvantages, but using a real one has advantages.
We will have a real slipagge with real liquidity. Real requotes and more. The most important: We will work our emotions at the same time. Because yes, we will lose or win a couple of cents, but that has a subconscious impact of loss.
This means that we will begin to expand our comfort zone from the start.
Using a demo account is simply a disadvantage.
2º Buy a newspaper in the stationery or in Chinese (optional), or write one online or in Word:
A newspaper will be of GREAT help. You can not imagine, for those of you who do not have one, how a newspaper can exponentiate our learning curve. It is simply absurd not to have a diary. It's like taking a ticket of 5 instead of one of 100.
In this diary we will write down observations that we make about the operations that we will carry out in points that I will explain later of this same manual.
We will divide the newspaper into 2 parts:
  • 1 part: The operation itself. We will write the reasons for each operation. The why we have done it.
  • 2 part: How we feel. We will unburden ourselves without explaining how we feel, what our intuition tells us about that particular operation and so on.
How to use:
We will read the newspaper once a week, thinking about the emotions we felt each day and in what situations, and the reasons.
Soon, we will begin to realize that we have certain patterns in the way we feel and operate, and we will have the ability to change them.
We can also learn from mistakes that we make, and keep them always in a diary.
3º Look for a strategy that has the following characteristics:
  • Make it SIMPLE. Nothing of 4 or more indicators or the colors of the gay flag drawn on the graph based on 1000 lines. Why? Because there is always an initial enthusiasm and maybe we can follow a complex strategy for a week, but burned that motivation, saturates us and we will leave it aside.
Therefore, the strategy must be simple. If we use metatrader, the default indicators work. No macd's no-lag and similar tools. That does not lead anywhere. And if you do not believe it, I'll tell you that in all areas of life comes marketing. In addition to trading towards MMA and now I do powerlifts, and there are 1000 exercises to do. However, the classics are still working and work very well. It seems that sellers of strange sports equipment do not share the same opinion, that the only thing they want is to sell!
4º Understand the strategy:
  • We must gut each process of the strategy and reason about it. What does this indicator do? What does this process? Why this and not another? Why this exit ?. Some strategies will be based on unspecified outputs. This does not suppose any problem because as we get experience in that specific strategy, we will remember situations that have occurred, we will see situations that are repeated (patterns) and we will be able to find better starts and entrances. Everything is in our hands.
5° Collect essential statistical information:
  • This part is FUNDAMENTAL, and no operator can have as much security in itself when operating as if it uses a strategy that has at least positive mathematical hope and an acceptable drawdown.
  • Step 1: To carry out this collection of information you need to test the strategy for at least 100 signals. Yes, 100 signals.
Assuming it is an intraday strategy and we do an operation per day, it will take us 100 days (3 months and 10 days approx) to carry out the study. Logically these figures can change depending on the number of operations that we make up to date with the strategy.
I have no doubt that after reading this manual we will go for a quick strategy of scalpers, with 100 signals every 10 minutes where the seller comes out with a big smile in his promotional video.
I personally recommend a system of maximum 2 daily operations to start, but this point is personal.
Is it a long time? Go! It turns out that a college student of average intelligence takes 6 years to finish a career. It takes 6 years just to train, and there are even more races. This does not guarantee any profitability, and in any case most of Sometimes it will get a static return and not based on compound interest. I can never aspire to more.
The market offers compound profitability, there will be no bosses, nor schedules that we do not impose. We will always have work, and we can earn a lot more money than most people with careers or masters. Is it a long time? I do not think so.
As I was saying, we will test the strategy 100 times with our REAL account that we created in step 1. Did you decide to use a demo account? Better look for another manual; This has to be something serious. They are 100 dollars and will be the best investment of all in your career as a trader.
  • Step 2: Once with the report of the 100 strategies in hand, we will collect the following information:
  • How many times have we won and how many lost. Afterwards, we will find the percentage of correct answers.
  • How much have we won and how much have we lost? Afterwards, we will find the average profit and the average loss.
  • Step 3: With this information we will complete the mathematical hope formula:
(1 + average profit / average loss) * (percentage of correct answers / 100) -1
Example:
  • Of the 100 operations there are 50 winners and 50 losers, then the success rate is 50%.
  • Our average profit is 20 dollars and our average loss is 10 dollars.
Filling the formula:
(1 + 20/10) * (50/100) -1
(1 + 2) * (0,5) -1
3 * 0.5 - 1
1,5 - 1 = 0,5
In this example the mathematical expectation is 0.5. It is POSITIVE, because it is greater than 0. From 0, we will know that this strategy will make us earn money over time ALWAYS we respect the strategy.
If after a few days we modify it, then we will have to find this equation again with another 100 different operations. Easy? A result of "0" would mean that this strategy does not win or lose, but in the long run we would LOSE due to the spread and other random factors.
You have to try to find a strategy that, once this study is done, the result of your mathematical hope is greater than 0.2 as MINIMUM.
Finding this formula will also give a curious fact. The greater the take profit in relation to the stop loss, as a general rule more positive will be our mathematical hope. This has given many pages of discursiones about whether to place take profit> stop loss or vice versa.
If our stop was larger than the take profit, then the other ratio (% earned /% lost) should be yes or yes positive.
But this is just curiosities.
let's keep going:
  • 6° Expand our comfort zone:
We will not be able to work with operations of 10 million dollars overnight, but we can progressively condition ourselves to that path.
Assuming all of the above, and with a real account, some experience in the 3 months of information gathering and a positive mathematical hope, we are ready to operate in real with some consistency. But how to carry it out?
The comfort zone is the psychological limits we have before feeling fear or emotional tension. When we get into a fight, we have left our comfort zone and we feel tension, unless we have a psychopathic disorder.
Every time we lean out onto a 300-meter balcony from a skyscraper, we move away from the comfort zone. Every time we speak to a depampanante woman, we move away from our comfort zone.
Our brain creates a comfort zone to differentiate what we usually do and is not substantially dangerous, from the unknown and potentially dangerous to our survival or reproduction. And whenever the brain interprets that these two aspects are in danger, we will feel negative emotions like fear, disgust, loneliness, fury, etcetera.
This topic is much more profound and you would have to read several volumes of evolutionism to understand the why of each thing. The only thing that interests us here is the "what", and the one, that is, that there is a certain comfort zone that must be expanded without any problems.
With trading, exactly the same thing happens. The forex market is a virtual environment in which we lose or gain things, but our brain does not differentiate between reality and what is not, it only attends to stimuli of a certain type.
We can lose food in the middle of the forest or also a crude oil operation.
Our goal is to condition our subconscious so that it is progressively accepting lost and small benefits, and as time goes by, bigger.
The exercise to achieve this is the following:
  • We will operate on that account of 100 dollars with our mathematically positive strategy for 3 more months.
  • After these three months, our account should have benefits, because of the mathematically positive strategy.
  • We will enter 200 dollars more and we will operate a month more raising the lots according to our risk management (I do not advise that the risk is greater than 2%)
At this point, I know how hard it is to resign myself to impatience, but follow those times and do not skip it even if you feel safe, but you will fail, it's simple.
Let's keep going:
  • After that month, we will raise our capital again with a new income. This time we will enter 1000 dollars (save if you do not have 1000 dollars loose, you will recover later on, do you want to make money, enter 1000 dollars.
We will test the operation one month with this new injection. We probably notice difficulties. More blockages, more euphoria when winning ... how will we know when to move on to the next entry? When we do not feel ANYTHING or at most something very shallow, when win or lose If observing the wall and operating is for you the same from an emotional point of view, it is time to enter more money.
  • We will follow this procedure until we have a basic account of 21000 dollars. The amounts to be paid will depend on our ability to not feel emotions, a capacity that will be taking over time.
We will raise capital until we feel that we block too much. In that case we will drawdown to a more acceptable amount, and we will continue at that level until get discipline and lack of reactivity at that level. Later, we will go up.
  • If we want to earn more money, we will continue entering and entering. Always following the conditioning scheme of 1 month.
Why a month?
A study conducted in the United States revealed that the subconscious needs an average of 28 days to create new habits or eliminate old habits. Emotional reactions are part of the habits. If we maintain some pressure of any emotion during the opportune time, in this case 28 days, will create tolerance and the subconscious will need a more intense version of the stimulus to activate.
AND THAT'S ALL!
Follow these steps and you will triumph. Here is the golden chalice, the tomb of Jesus or whatever you want to call it. There is no more mystery in the world of trading. This system will accompany you during the next year, year and a half. It's the one I used and it WORKS. Once done, you will have a very profitable system integrated into your being, since not only will it be mathematically viable, but you will also have the necessary experience to make it infinitely more profitable yet.
In addition, you will have psychology fully worked on a professional level to have conditioned your subconscious gradually.
Happy trading to all of u guys.-
submitted by Harry-Postre to Forex [link] [comments]

Forex Day Trading With a Forex Trading Mentor

Some believe that trading habitually creates a bigger income, but Bitcoin Revolution 2 Review in fact it is the contrary that is correct. Trading very frequently can create a yearning to pick quantity over quality of transaction and consequently produce a loss in profits. There are also a growing number of traders who feel they can outsmart the system, and although they may possibly work vigorously, and that may hold true for similar professions, this will not work in Forex. The most fundamental attribute of any flourishing Forex trader is unmatched persistence. You should be able to delay for high odd trades.
Application makers and Forex Authority Advisors would have you think there is some concealed power directing the market than one can precisely utilize. Charges are established by people. People in no way act as expected. If there was a scientific approach that could foretell what the market would do, at that time traders wouldn't be wanted because everybody would comprehend what would occur before it actually did.
Forex trading is a risk. Forex exchange relies on opportunities, if you are able to cut your losses you can in spite of everything make a earning on your investment and be paid sound earnings in the long run. You truly need to scrutinize the trading state and do your prep, so that you aren't blindsided by what you thought was available to be a prosperous trade.
In order to become a successful forex option trader, the key is having the right Forex Option Strategy. The forex market is largely based on market trends coupled with computations in order to determine the amount of premium to be paid and the risk involved in both buying and selling of the options. Necessarily so, the forex trader, whether a seasoned veteran or a complete beginner, must make use of the right forex strategy in order to become successful in gaining more profit and averting any possible loss of money while engaged in forex option and option trading.
https://thedietsquare.com/bitcoin-revolution-2-review/
submitted by steffandevin11 to u/steffandevin11 [link] [comments]

Always Be Updated With The Latest News When Trading

Always Be Updated With The Latest News When Trading
To make worthwhile investments in foreign exchange, It’s miles critical to don’t forget the economic and political occasions in one of a kind countries. factors that have an impact on the currency quotes are unemployment, the change stability, GDP and the development of the sector of products and services. These types of indicators are used to determine exactly the tendency of a cost inside the quick, medium and long term.
The primary indicators forex trading
It is important to know the information to make worthwhile investments in foreign exchange and as a result assume the upward thrust or fall of a forex.
Screen monetary signs
The fee of a currency relies upon on certain financial signs along with:
  • The unemployment fee
  • The GDP
  • Data of consumption
  • The exchange balance
  • The inflation fee
  • Modifications inside the tertiary area
  • The hobby of the crucial bank
The two most crucial indicators to remember are the hobby price and the extent of change balance that display the difference among the extent of products imported and exported at those quotes.
If the extent of imports increases, the cost of the currency will trend downward. Exports increase the national economic system and revalue the local currency. The hobby charge is a great indicator to measure the financial situation globally. This fee is reviewed monthly by the Fed, the eu financial institution or the financial institution of britain. A higher hobby price way that the usa is in a high-quality economy.

https://preview.redd.it/6k0avday6lz31.jpg?width=3000&format=pjpg&auto=webp&s=4e76365d474fc2b5987cb4952cf8b0cc74bcc42b
An boom inside the fee draws foreign buyers. statistics on consumption determine the shopping electricity of the populace. accordingly, during the economic disaster of 2009, the usa, confined the recession, their figures for consumption, for that reason offsetting the level of inflation and excessive unemployment.
The indicator of the level of debt
Investors performing long time forex transactions have to affirm the debt ratio of a rustic. A debt index method that the excessive populace incurs debt and invests or consumes extra. However, if human beings avoid stepping into debt in the long term, the USA will pass through an monetary crisis within the coming years.
Observe the results of financial surveys
Investigations and surveys are used to measure the monetary outlook for the coming months. In Europe, the ZEW provides this through studying the various marketplace traits.
Within the usa, Chicago Pmi determines the country companies based totally in Chicago. consequences obtained on this metropolis may be extrapolated to the country wide stage The internet Tic measures the float of cash among the U.S. dollar and sure currencies.
A big dollar buy by way of foreign organizations shows a good sized dynamism of the U.S. economic system. Traders can view the results of surveys of patron self belief within the economic system of his USA. However, the net Tic isn’t a very reliable indicator.
Seek advice from specialised media
Television channels and newspapers dedicated totally to the monetary sector have to be consulted every day. Some channels offer continuous facts on the important thing financials. Their services are available only subscription. buyers may also subscribe to magazines to get informed by using the evaluation of expected tendencies from economic specialists. These diverse journals are to be had at the buying and selling structures.
The trader ought to also examine through other traders. several boards are powered by using heaps of skilled traders and provide loose facts which may be in particular beneficial.
Sooner or later we need to stress the truth that the news substantially influences the foreign exchange market. The investor need to no longer forget about technical analysis to measure the conduct of competing traders. The analysis is based totally on graphs of worldwide trends on the fall or rise of a currency. The quality dealer is able to research the overall monetary facts and technical records to increase an effective strategy. Usually be updated with the state-of-the-art information whilst trading.
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Forex MegaDroid - The Powerful Function of Reverse Correlated Time and Price Analysis

FOREX Autopilot is an automatic trade method which is also known as EA Forex Monarch Review (Expert Advisor). This software system is specially designed for MetaTrader4. MetaTrader4 is an entirely free FOREX charting platform. FOREX Autopilot advisors are so easy to use that not only the experienced trader but a beginner can also take up the benefits. FOREX Autopilot is an automatic arrangement. You just have to keep your computer on and keep the software running. This software can analyze the market and it can find out the best trade for you. It can even do the necessary deals for you. This software is here to increase your business. It is so complex that you do not have to have an in-depth knowledge of foreign exchange markets. Moreover you just need to have the basic computer skills to use this amazing software.
The FOREX Autopilot system is incredibly simple to setup. All you need to do is setup the expert advisors and permit them to deal on your account. It really is this simple. The FOREX Autopilot system is ready to serve you 24hours/day. You don't need to have to keep an eye on trades if you do not have adequate time. The advisors are here to help you out with all that. They will observe the trades and they are able to open orders and seal positions for you as you need. You just have to keep your Meta Trader on so that the advisors can work without interruption. Foreign exchange investing can give you extraordinary profits and the tools which you receive in the FOREX Autopilot system can make even bigger profits for yo
When it comes to the most prominent way to earn money, most people tend towards forex trading. It is so because it is the easiest approach to make money if you are able to take right decisions timely. Now, you must be wondering how you could do that. Well, answer to this dilemma lies in being expert in the forex secret trading. Here, it is also worth to note that many people are currently involved in this forex trading, so its secrets are not hidden anymore. So, how you can get benefited from these secrets? Well, only getting known to these secrets is not sufficient to become a successful trader, you must be quite efficient to apply them. If you know how to utilize these techniques and skills in the market, chances are brighter for you to occupy dignity in forex trading.
In order to make ample of money from the forex market, the basic requirement is to have patience along with courage to take critical decisions. Apart from this, you must be familiar with every aspect of market trends. Now, let's consider the most important factor which means a lot for everyone, which is the amount of investment. Well, there is no such fix limit of investment that could assure you the guaranteed profit.
https://healthinfluencer.net/forex-monarch-review/
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Automated Forex Trading Software - 3 Steps to Using Automated Software

If possible, always look for real-time results rather than back tested results ​​​​​​​ Bitcoin Revolution 2 Review as they are more reliable. At a minimum, I will only conclude that results of a Forex trading software or system are reliable when there are at least 1.5 years of results available. Why You Should Not Trust Online Test "Results" Too EasilyAnother thing is that even if you find profitable past results of the system, you cannot conclude that it will necessarily be profitable. This is because some results may be only hypothetical and it is also very easy to make up profitable results by simply working backwards and curve fitting the entire system's rules. Most hypothetically profitable Forex systems and software have lost a lot of money for me before.
Having tried most Forex trading systems on the Internet, I have concluded that they are very unreliable and I would not recommend using them to generate an income. Most traders who claim that they have profitable trading systems are unable to produce real time results simply because they know that their systems are unreliable too.Trying to consistently make a profit from day trading is quite impossible and requires a lot of luck. One Forex software that is making me a lot of money is a fully automated robot that trades mostly the EUR / USD currency pair for me.
Would you like to download profitable Forex trading technical analysis software to help you make money? This type of software is primarily focused on helping the user do technical analysis on various currency pairs. Others that I have tried are even able to trade automatically immediately after they identify profitable setups. Unfortunately, more than 90% of all currency trading software that I have tested do not make money, with some losing huge amounts of my money too with no risk control methods.
This type of software is programmed with indicators and chart analysis codes. It is capable of analyzing charts within split second and shows the user where the likely possible price targets over the short and long term are. Once it has identified the possible trend movement direction, it then plots the optimal entry and exit points to assist the trader in making decisions. Some can also enter trade positions automatically for you once they have identified these trends and target take-profit & stop-loss targets.
https://freepdfreview.com/bitcoin-revolution-2-review/
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Crypto exchange trade. Remember psychology!

https://medium.com/@sergiygolubyev/crypto-exchange-trade-remember-psychology-6d4433569d9d
Crypto Exchange is a high-tech platform in which all trade transactions are conducted using modern software created based on the latest IT solutions. The emergence of new types of currencies, in particular cryptocurrencies, gives a chance for the rapid development of the world economy as a whole. In turn, structural changes in the international economic system gave impetus to the emergence and development of new types of exchange technologies. Thus, crypto exchanges appeared which allowed its participants anywhere in the world to buy, sell and exchange one cryptocurrency for others, or for fiat of other countries. Each crypto exchange tries to offer customers convenient ways to convert financial instruments, and provides the ability to conduct transactions on its own terms. The high rates of development and distribution of cryptocurrencies, which are based on Blockchain, as well as the gradual wide recognition by the world community and leading economists, ensure the further improvement of exchange technologies. This means that in an effort to provide the most comfortable conditions for its customers, each crypto exchange will take them to an ever-higher quality level of service with innovative nuances. But at the same time, within the framework of the technological process of stock trading, which is available to users (from professional traders to amateurs), the question of psychology and its role in the decision making has not been canceled. Successful trading depends on 70% primarily on the psychology of a trader and only 30% on the trading scheme/strategy.
Trading on the exchange, it is necessary to develop discipline, self-control and be able to respond quickly to changing stock charts. All this will allow you to earn and minimize your losses more effectively. Everyone should remember, from the amateur to the professional, that in the financial markets you can not only earn money, but also lose money. Cryptocurrency rates are still subject to political and regulatory influences; their value is influenced by the reputation of the company's founders, informational insertions about blockchain projects and plans for their further development, scandals and disclosures. Nevertheless, there are simple rules for successful trading from the field of psychology, which will reduce the risks when trying to make money on cryptocurrency and not only. There are a number of problems that always hinder every beginner - amateur:
· Excitement
· Fear
· Greed
· Unwillingness to learn new things
· Imaginary visualization of results
All these problems have psychological aspects. Emotions, feelings and desires significantly influence the trading decisions made by the trader. This happens all the time, not only on traditional exchanges, but also in the cryptocurrency sphere as well. Excitement is an emotional state when it seems to a person that he is lucky, and as the series of successful transactions continues, he performs larger by volume financial transactions. Often, the excitement motivates to turn away from long-term transactions and trends, and look towards short-term operations. After all, it seems that the more often you successfully complete operations, the more capital you earn. Not at all! The more often you make mistakes, leading to a default on your account. Money only is earned on long-term trends and operations. Traders are often worried, fearing an unsuccessful deal closing.
Of course, a loss is bad, but sometimes it is better to close a position in minus than to lose a large amount only because of the hope of a quick price reversal. Therefore, fear often pushes for the wrong strategic decisions. Fear of loss as a result becomes a sentence for your positioning in profit. On the same face with fear, if not strange, is the factor of greed. Having essentially a different source of inspiration, greed, like fear, leads to a generally pitiable result — to the default of your trading account. The reluctance to learn new strategies, technologies, and denial of forecasting also leads to failure. Successful is who always strives to learn new things, and perceives the fact and necessity of continuous learning. Since learning is a process of striving for the progress of its results and professional qualities. Another scourge - Wish list or visualization. Everyone wants to see the price move in the right direction. This is pretty dangerous. By visualizing the price jump in the right direction, you can dream and invest too much in cryptocurrency. This will lead to losses. Here you should always remember to diversify your investments. Remember your psychological portrait even when you program your trading strategies, algorithms and bots. After all, your algorithm is essentially your psychological portrait. Finally, the above-mentioned flaws, especially in the strategy can dominate and damage your deposit and reputation. The main signs of competent crypto-trade are the same as on other exchanges (such as FOREX). This is a kind of algorithm for a sustainable profit strategy:
· Risk no more than 10% of the deposit
· Use risk per trade of 5% or less
· Do not close profitable deals too early
· Do not accumulate losing trades
· Fix quick speculative profit
· Respect the trend
· Pay more attention to liquid assets (cryptocurrency)
· Set your personal entry and exit rules for trades and stick to them
· Long-term trading strategy gives you maximum steady profits
· Do not use the principles of Martingale tactics if there is no experience. You cannot double the volume of the transaction, if it closed in the red zone. If a loss was incurred, then the cryptocurrency market situation was predicted incorrectly and it was necessary to work on improving the analytical skills, and not to conclude a larger deal, which probably also closes in the negative
It is obvious that the psychology of trading significantly affects the performance of stock speculation both in the traditional market and in the field of cryptocurrency. It is important to remember that the success of a person in any field of activity depends on the emotional component, namely the internal balance. Exchange trading is a nervous activity, and if you do not learn to take emotions under control, the results can be disastrous. The basis for achieving success in stock trading, in my opinion, are two fundamental factors. The first factor relates to the field of formulation of the trading idea, and the second - to the area of ​​its implementation.
To formulate a trading idea, on the one hand, methods of technical and fundamental analysis are used to select an exchange instrument and determine the moment of opening and closing a position on it. On the other hand, capital management methods are used to determine the optimal size of the position being opened. As you know, without these two crucial moments it is impossible to achieve stable success in stock trading. As experience shows, for the most part, people have enough intelligence to master all the necessary theoretical knowledge of technical and fundamental analysis in a few months of intensive training. There are no special intellectual difficulties. But, as the same experience shows, this is clearly not enough for successful exchange trading, since all knowledge may turn out to be a useless load if the second success factor is not sufficiently present - the practical implementation of trading ideas, which is no longer based on the intellectual sphere, and psycho-emotional. It is within this area that the main problem arises for many traders, which prevents the receipt of stable profits. As a rule, this is due to the psycho-emotional profile of a person. It depends on how the trader will behave in the psychologically stressful situations that the exchange trading is full of. Inherent in all human emotions and feelings - fear, greed, excitement, envy, hope, etc. very often have a decisive influence on the behavior of traders, not allowing them to follow strictly the trading strategy and plan, even if they have one. From a psychological point of view, the process of stock exchange activity can be divided into stages, after which the trader can return to the starting point. The above scenarios and risk factors are one of the options for the behavior of an exchange speculator; however, it often happens exactly the opposite. Having suffered losses from his first transactions in the market, the trader loses interest in exchange trading, he gives up and he falls into despair. In this case, the first step to victory is the admission of defeat. It would seem silly and ridiculous, but it works. After that, there are two options: either the trader leaves the exchange forever, or returns to the battlefield. Such “returns” may occur more than once. In addition, at some other time, after repeated analysis of his actions, mistakes made and their consequences, a person from a beginner begins to turn into an experienced trader, which is marked by the stability of his activity and, perhaps, by slow, but surely growth of his deposit and profit. The psychological basis for success in trading, which leads to victory and the absence of which is equivalent to defeat, are as follows:
· It is not only the lack of self-control, discipline and focus on the process that causes the defeat
· Self-control, discipline and ability to concentrate is not enough to achieve success
· To achieve success, it is equally important to be able to adapt to changes
In principle, one can consider the idea that traditional approaches to the psychology of trading are limited. In the majority of benefits for traders, the key qualities necessary for successful exchange trading are only self-control and discipline. Of course, these qualities are necessary in any field of business activities. Trading is not an exception, especially considering that it is in the risk zone. But self-control and discipline are not enough to achieve success. Trading is a business. Moreover, any business does not stand still. You cannot find a formula for success and use it forever. You will need to monitor trends and constantly look for new successful solutions.
The main feature of a successful trader is adaptability to changes. The lack of development leads to defeat, large monetary losses. Many technology companies continued to produce stationary computers when laptops became popular. The same companies continued to produce laptops when tablets appeared and became popular. The products of these companies were of high quality, and their employees organized pre-set tasks in an organized manner. But they lost large sums due to the fact that they could not adapt to changes in demand. If we draw a parallel with the sphere of investment, the similarities will become noticeable. The stock market, like any other subject to change. One period is replaced by another. Those methods that allowed achieving success in the previous period can lead to failure in the current. The key concept in stock trading is volatility. The change in this indicates the onset of a new period. When volatility increases, trade becomes more risky. Accordingly, with a decrease in this indicator, the degree of risk during trading operations decreases. With a high level of volatility, trends most often unfold. Strong and weak positions can be swapped out. With a high level of volatility, trends continue for some time. From the foregoing, it should be concluded that market processes and methods during periods of high and low volatility differ strongly. You cannot use the same methods during changing market trends. Often it is the adherence to the previous methods, excessive discipline leads to collapse as well. The fact that the investor was defeated does not mean that he suddenly became morally unstable, unorganized. Trading is trading.
Therefore, we have every right to assert that under the psychology of trade in the markets is meant human preparedness for the risks that inevitably accompany any activity. Trading on the stock exchange is based on the interaction of the three most important components: capital management, analysis, and the psychology of trading (which cannot be considered in conjunction with the other aspects of trading). The psychology of human behavior is a source for understanding what is happening in financial markets. The source for understanding the events occurring in the financial markets and the behavior of traders during exchange trading is the psychology of the human person. Emotions — greed, fear, doubt, hope, a sense of self-preservation — are peculiar to any person in life — are clearly manifested in the hard rhythm of decision-making during the dynamic course of exchange trading (which was partially considered above). Knowledge of the human psychology and their behavioral characteristics must be used to achieve success. The psychology of a trader is formed from a multitude of grains - it is a belief in what one does in the stock market, in one’s actions, in own system of one’s decisions, in trading method. In addition, the psychology of a trader is that one can unload oneself emotionally, one does not accept the intellectual challenge that the stock market carries. On the contrary, becomes restrained, calm when making decisions on operations in the stock market. There are many situations where a trader expresses his attention and focus; he does not disperse it on the tracking of news factors or on the receipt of stimuli from the news agencies. Consequently, the crowd psychology is the factor that makes prices move, therefore, in addition to assessing one's own psychological state, one must be sensitive to changes in the mood of other market participants, move in the flow, not against it, and then success will not take long.
Of course, you can argue that why do I need this psychology? After all, besides creating your own strategies and individual work, some exchanges (including crypto exchanges) allow minimizing risks by following the strategies of experienced traders; this service is called a PAMM account. PAMM provides an opportunity for clients (Subscribers) to follow the trading strategy of experienced and professional traders (Providers). Provider's trading results are publicly available. With the help of the rating of accounts, graphs of profitability and reviews of other traders, you can choose the most suitable Provider and begin to follow his strategy. Again, in this case, the provider is a human with all the ensuing consequences. And psychological aspects are not foreign to professionals as well, including victories and mistakes. The financial market attracts people the possibility of obtaining independence, including financial. A successful trader can live and work in any country in the world without having either a boss or subordinates. The motivation of people on the exchanges can be different: from getting a higher percentage than from a bank to making several thousand dollars a day. At the same time, there are two main categories of people in the financial market (including cryptocurrencies): investors who acquire assets or currency for a relatively long period, and speculators who profit from changes in the prices of certain assets for short periods. Many believe, an easy way to make money is not for everybody. First, the skillful use and manipulation of the psychological aspects of a human make it possible to become a speculator. And this, of course, in addition to knowledge and analytical skills. Experience shows that successful speculation is the right state of mind. It would seem that this is the simplest thing that can be acquired by human. But in fact, this self-tuning is available to very few. It is also necessary to distinguish the psychology of the market and the personal psychology of the trader. The behavior of the market as a whole depends on people, since it is the stock market crowd that determines its direction. However, quite often traders lose sight of the most important component of victory - managing their personal emotions, that is, their psychology. Without control over oneself, there can be no control over one’s trading capital. If a trader is not tuned to the trend range of the stock crowd, if he does not pay attention to changes in her psychology, then he will also not achieve significant success in trading. To succeed on the exchange, one needs to take a sober look at exchange trading, recognize its trends and their changes, and not waste time on dreams or lamenting about failures.
Any price of a financial instrument is a momentary agreement on its value, reached by a market crowd and expressed in the fact of a transaction, i.e. it is the equilibrium point between the players for a rise and a fall, or the "equilibrium" price. Crowds of traders create asset prices: buyers, sellers and fluctuating market watchers. Charts of prices and trading volumes reflect the psychology of the exchange. In addition, this is always worth remembering! After all, the main purpose of the presence of the analysis of psychology in stock trading is not the quantity, but the quality of transactions. A person striving to become a good trader needs to remember the words of DiNapoli, a well-known stock exchange trader: “The most important trading tool is not a computer, not a service for supplying information, or even methods developed by a trader. It is he himself! If a trader is not suitable for this - he should not trade at all”! Therefore, before pushing orders on the trading platform, think about whether you are suitable for this role.
Join chat — https://t.me/joinchat/AAAAAE84vCXg5PK-VpHADg
Sergiy Golubyev (Сергей Голубев)
EU structural funds, ICO projects, NGO & investment projects, project management, comprehensive support of business
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How To Trade Forex

How To Trade Forex

How To Trade Forex
Learn The Basics |Advanced Topics | Chart Patterns | Choose The Best Broker
Beware of scam companies! Trade only with a good licensed broker that holds an FCA or ASIC license like these.

USE A BROKER THAT PROVIDES 0.0 pips Spreads and 500:1 Leverage for better trading!
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How does Forex Work?

Forex trading is the simultaneous buying of one currency and selling of another…
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Basic Terminology

Before trading currencies, an investor has to understand the basic terminology of the forex market…
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Fundamental Analysis

Fundamental analysis is the study of the overall economic, financial, political…
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Technical Analysis

Technical analysis is the study of prices over time, with charts being the primary tool…
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Trend Lines

The term ‘trend’ describes the current direction of the financial instrument…
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What is a Technical Indicator

Technical Indicators are a result of mathematical calculations/algorithms…
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Gold Trading

As an investment, gold is the most popular of the precious metals…
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Order Types

A market order is an order to open a buy or sell position at…
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We complete our education centre with a breakdown of Gold Trading and details of the different Order Types.
You can also review our glossary to find brief definitions of various trading and financial terms you may encounter.
Once you have familiarised yourself with the information and concepts, you can open a Demo Trading Account to practice what you have learnt and build on your knowledge and understanding of how to trade successfully. Treat your demo account as you would your real account.
Aprender a operar con Forex | Lernen Sie Forex zu handeln

  1. What is Forex? Think the stock market is huge? Think again. Learn about the LARGEST financial market in the world and how to trade in it.
    1. What Is Forex?Learn about this massively huge financial market where fiat currencies are traded.
    2. What Is Traded In Forex?Currencies are the name of the game. Yes, you can buy and sell currencies against each other as a short-term trade, long-term investment, or something in-between.
    3. Buying And Selling Currency PairsThe first thing that you need to know about forex trading is that currencies are traded in pairs; you can’t buy or sell a currency without another.
    4. Forex Market Size And LiquidityThe Forex market is yuuuuuuuggggeeee! And that comes with a lot of benefits for currency traders!
    5. The Different Ways To Trade ForexSome of the more popular ways that traders participate in the forex market is through the spot market, futures, options, and exchange-traded funds.
  2. Why Trade Forex? Want to know some reasons why traders love the forex market? Read on to find out what makes it so attractive!
    1. Why Trade Forex: Advantages Of Forex TradingLow transaction costs and high liquidity are just a couple of the advantages of the forex market.
    2. Why Trade Forex: Forex vs. StocksNobody likes bullies! Good thing for us, unlike the stock market, there is no one financial institute large enough to corner the forex market!
    3. Why Trade Forex: Forex vs. FuturesThe futures market trades a puny $30 billion per day. Thirty billion? Peanuts compared to the FIVE TRILLION that is traded daily in the forex market!
  3. Who Trades Forex? From money exchangers, to banks, to hedge fund managers, to local Joes like your Uncle Pete – everybody participates in the forex market!
    1. Forex Market StructureBecause there is no centralized market, tight competition between banks normally leads to having the best prices! Boo yeah!
    2. Forex Market PlayersThe forex market is basically comprised of four different groups.
    3. Know Your Forex History!If it wasn’t for the Bretton Woods System (and the great Al Gore), there would be no retail forex trading! Time to brush up on your history!
  4. When Can You Trade Forex? Now that you know who participates in the forex market, it’s time to learn when you can trade!
    1. Forex Trading SessionsJust because the forex market is open 24 hours a day doesn’t mean it’s always active! See how the forex market is broken up into four major trading sessions and which ones provides the most opportunities.
    2. When Can You Trade Forex: Tokyo SessionGodzilla, Nintendo, and sushi! What’s not to like about Tokyo?!? The Tokyo session is sometimes referred to as the Asian session, which is also the session where we start fresh every day!
    3. When Can You Trade Forex: London SessionNot only is London the home of Big Ben, David Beckham, and the Queen, but it’s also considered the forex capital of the world–raking in about 30% of all forex transactions every day!
    4. When Can You Trade Forex: New York SessionNew York baby! The concrete jungle where forex dreams are made of! Just like Asia and Europe, the U.S. is considered one of the top financial centers in the world, so it definitely sees its fair share of action–and then some!
    5. Best Times of Day to Trade ForexTrading is all about volatility and liquidity. Which times of day provide the most dynamic market action and volumes?
    6. Best Days of the Week to Trade ForexEach trader should know when to trade and when NOT to trade. Read on to find out the best and worst times to trade.
  5. How Do You Trade Forex? Now, it’s time to learn HOW to rake in the moolah!
    1. How to Make Money Trading ForexJust like any other market: buy low and sell high…and vice versa. Simple, right!?
    2. Know When to Buy or Sell a Currency PairLet’s start with the very basics. First, what drives the value of a currency?
    3. What is a Pip in Forex?You’ve probably heard of the terms “pips,” “pipettes,” and “lots” thrown around, and here we’re going to explain what they are and show you how their values are calculated.
    4. What is a Lot in Forex?How many units of currency can we trade? What size positions can we trade and what are they called?
    5. Impress Your Date with Forex LingoWanna impress your crush? Here are some forex terms to help you wow that special someone!
    6. Types of Forex Orders“Would you like pips with that?” Okay, not that type of order, but buying and selling currencies can be just as simple with a little practice.
    7. Demo Trade Your Way to SuccessCurrency market behavior is constantly evolving. Trade on demo first to get a lot of the rookie mistakes out of the way before risking live capital. There are no take-backs in the real market.
    8. Forex Trading is NOT a Get-Rich-Quick SchemeWhile possible if you’re a trading genius with ice in your veins and you’re luckier than a lottery winner, building wealth through trading takes time and practice to build the skills and experience needed to be successful.
📷
Via XNTRADES.com
Topics Which Every Trader Must Master.
Or at least know your Chart Patterns
Support and Resistance v.1
Support and Resistance v.2
Elliot Waves Theory
Elliott Waves 101
Harmonic Patterns
Chart Patterns
How to Trade Market Structure
More educational materials from TRESORFX.com and XNTRADES.com

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Best Forex broker in Qatar | أفضل وسيط فوركس في قطر
Best Forex broker in Kuwait | أفضل وسيط فوركس في الكويت
Best Forex broker in Bahrain | أفضل وسيط فوركس في البحرين
Best Forex broker in Jordan | أفضل وسيط فوركس في الأردن


OPEN A DEMO ACCOUNT | OPEN A LIVE ACCOUNT


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Hedging Forex Strategy



Once you have studied the Forex market, have opened up a demo Forex Millennium Review account to practice with, and feel ready to do so, you are ready to start trading on your own. Automated Forex trading puts you right in the flow of things, so that you can trade in an instant, based on trends you see and, therefore, work with the Forex market instead of against it; this is what is going to help you see greatest profits. And because you do not have to be right there all the time to make trades instantaneously but instead can schedule your trades based on trends you want to work with, automated Forex trading is a great way to participate in the market. Check automated Forex trading out for yourself and decide if it is right for you.


To trade forex you need to open an account with a forex broker. The global nature of forex markets means that you have a wide choice of forex brokers to choose from, right across the world.The forex trading business runs differently to equity broking, where trades are made through a clearing house and stock exchange and where money is made from fees for every trade, often referred to as the "brokerage".Forex brokers make their money from the difference between their quotes of the ask price, the price their customer buys at, and the bid price, the price their customer sell at. This is called the spread and is measured in "points" or "PIPs", the smallest measurement for a change in the price of a forex. For example, a one "point" or "PIP" change in the USD is 0.0001X the USD amount. Naturally, a wider spread results in more revenue for the broking firm.

To choose the right forex broker, you should start with considering its reputation and what trading services it offers. Doing your research thoroughly will take time, but as with trading itself, will save and make you money in the future. There is a wealth of information on-line and in magazines. It is important to be sure of the credibility of your information sources. Internet forums used by other forex traders can be very helpful in cutting through the claims of each company. By listening to people, forums and magazines that you trust, you can build a list of quality firms to choose form.

It is important to be aware of unscrupulous firms as well as those operating in countries where regulations are weak. The USA, UK, Hong Kong & Australia are example of countries with very strong regulatory great it would be to generate a 5 figure income just by trading in the Forex market. As a matter of fact, that would be a dream come true, wouldn't it Well, at forex trading machine, there is a revolutionary system that is helping a lot of people find the financial independence they need through Forex trading. They use a unique strategy called PDFT. This stands for Price Driven Forex Trading.


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Forex - Financial Data for Currency Traders

Automated Forex trading systems are pre-programmed strategies that automatically Forex Millennium Review execute trades under the guidance of your personal strategy. It's an option you'll find available with most trading software platforms, and to be used effectively it must be configured to your own requirements. An automated Forex trading system enables you to execute your trades on the Forex market anytime of the day, based on existing technical indicators and custom trading rules that you personally establish. The various features within an automated trading system may include ...

The two primary reasons for using an automated Forex trading system are to make sure you don't miss a trade and to help assure that emotions don't overtake your trading strategy. In case you're confused, a system is a strategy, software program, or course designed as a guide by Forex trading experts. It's not the Holy Grail of Forex trading, but a method for evaluating market conditions and currency movements that's proven successful in the past.

Because of automation, a trader can close a trade within milliseconds, something that's impossible in manual systems since previous trades are normally closed after several hours. In addition, a trader can trade within varying time zones. In other words, you can place trades or close deals with traders from around the world, even in the middle of the night. Another bonus ... short-term data analysis. Traders using an automated system can predict market trends in less than an hour.

What exactly are trading signals?

Trading signals are indicators of Forex market trends, generally based on a trading system, that tell the trader the best time to buy or sell a currency. These trends can include everything from currency pairs near moving averages, to support and resistance levels, to Fibonacci levels. Different trading systems can require different signals and trends for their recommendations. Some systems can include as many 26 indicators in their development of trading signals.


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Online Forex Trading Courses - How Important is it to Find a Good Forex Trading System?

There are exotic currency pair options which include trading Forex Trading System Review the US dollar against Thai baht, Danish krone and Singapore dollar, amongst others. There are also currency crosses in forex trading, such as the British pound and Japanese yen or Euro and Canadian dollar. To be successful in forex trading you trade your currencies in pairs to take advantage of one's strength over another. If you believe the Euro is gaining strength compared to the U.S. dollar then it is wise to buy Euros and sell U.S. dollars at the same time. Forex trading success lies in the ability to spot the stronger currency so you can purchase it whilst simultaneously seller the weaker currency.

You have been testing and playing around with different forex trading systems with little or no success. You start browsing forex blogs, forums, and articles... anticipating to find your ground breaking forex trading system. Still browsing. Take a seat back and little me ask you a question... Why haven't your created your own forex trading system based on your own evaluation. Using others forex system will cause you more stress and frustration. I will provide you with a list of 7 Stealth Steps to maximizing your own forex trading system and how to build the perfect system to match your personality.

There are many important questions that you need to answer before jumping into the forex market. Creating a forex goal will give you a success point to reach for and a direction to pursue. I have seen some traders with 5 indicators on one chart; to inform them of their next move with no success or at best break even. Here's another secret... forex indicators don't work. The 3 most powerful tools to use when trading forex are candlesticks buyesellers behavior, price action resistances, and trend up, straight, or down.

You are attaching emotions with your forex trades because there is real money involved. If you have no previous trading experience or a beginner always start low; then with more experience and confidence starting increasing your lot as time passes by. Not all your trades are going to be winners. It is better to break even then to lose. If you know that the trade has turned against you, don't start praying for a miracle... cut your loss and move on. There are endless profitable opportunities in the forex market.
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Forex Megadroid - Can Forex Megadroid Invade the Forex Market

The invention of robots has brought convenience and superficial Forex Millennium Review intelligence to mankind. With its reliability and functionality being constantly put into test, it continues to improved and the features keep being enhanced. For the case of Forex Megadroid, the robotics invention system focuses on numeral and logical skills. This robot is programmed with different modules to be able to process data through numbers, patters, trends, graphs and other presentations. It compares and contrasts each transaction in the online forex trading and later on decides on its own.People are human. They get tired and become lazy at times. But during those times when important trades should be made, even without their presence a smart stock move would be possible trough auto-piloting. It means that another person or program will do the online trading for you. Your trades are automatically placed as if you are the one doing it.
With this megadroids deployed in the foreign currency trading market, can you still identify which robot is smarter than the other That would be difficult to answer since what you can control is your own robot alone. It is still a must to build relationship between the program and you and it is by checking the market once in a while to learn your earning progress and be updated about the trend. It is still important for a human being to see and point the volatility if there is any. After all, the forex megadroid's job is to help you and not to replace you. Technology should be use effectively to maximize the result. The program incorporated to this special software should be also absorb by its users so as to be synchronized along the online currency trading process.
Information about live forex trading is also available for viewing over the internet. It would greatly help to check the record and reports generated by your software daily. Learning the tips and tricks from AI units has been proven favorable to the users. You have to keep in mind that entering Forex Trading also entails a lot of patience and understanding so as to stay long in business. Impeccable machines would not be possible without our own creative minds.
First of all, you need to make sure your trading system fits your trading personality; otherwise you will find it hard to follow it. Every trader has different needs and goals, thus there is no system that perfectly fits all traders. You need to make your own research on various trading styles and technical indicators until you find a concept that perfectly works for you. Make sure you know the nature of whatever technical indicator used. Secondly, incorporate price action into your system. So you only take long signals if the price behavior tells you the market wants to go up, and short signals if the market gives you indication that it will go down.

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Forex Trendy - Forex Trendy System Review - is it a scam? forex trend scanner Forex Trading: A trend following system anyone can learn ... MOST PROFITABLE FOREX TRADING SYSTEM - YouTube Simple & Effective Tool for Trend Traders - YouTube FOREX TRADING - Trend Traders Pay Attention SIMPLE & PROFITABLE Trend-following Forex Trading Strategy ... Dynamic Trend Trader Review by Cynthia - YouTube

Perfect Trend System Review. October 15, 2020 by Forex Winner Leave a Comment. Today’s robot to review will be the Perfect Trend System. The main page includes an implemented gif that shows a difference between where a price is and where it should be. There’s a little explanation of how the EA makes money, calculating price moving based, mostly on moving average. Table of Contents ... Dynamic Trend Trader is a Forex indicator and complete trading system built for all types of traders. The system is compatible with daytraders, scalpers, swing traders and position traders of all experience levels. The vendor feels that their system is the only tool traders will ever need, which is why they advertise it as complete. Today we will be providing review and letting you know if ... Forex Trend Hunter Review: Is It A Scam Or A Good Forex EA? Posted by theinvesting Oct 13, 2020 Forex Robot Reviews, Reviews 0 A Metatrader 4 compatible EA system that is designed chiefly for use by ordinary traders, Forex Trend Hunter aims to provide profits for the long-term. The trend-based EA provides the opportunity for traders to make huge profits from their transactions. Unlike ... In this article, we will be discussing the Forex Trendy indicator system. In this unbiased Forex Trendy review, we shall evaluate the pros and cons of the Forex Trendy and we will figure out if the Forex Trendy indicator is meant to provide a legit opportunity or if it is just another scam as certain Forex Trendy reviews on the internet are claiming. Forex Trend System is simply the best system I have come across. As any system it takes its wins and losses, but the wins are consistently much larger than the losses -- this is a winning and profitable system, and Gary has the numbers to prove it. Maybe the best part is Gary's customer service, the best I have ever encountered. His ability to create an amazingly simple (to use), accurate and ... Here are my forex trading system reviews containing all of the forex trading systems that I have reviewed over the years. Each forex trading system review includes the key features, explanation of the trading strategy, summary and an overall rating. Perfect Trend System Review. It’s really difficult to review the Perfect Trend System because the website is filled with many different services. To do it properly, we would almost need to do a separate review for each product that’s offered. Yet, we will try to generalize, and come to conclusions by reviewing the systems based on their popularity. V Power. The most popular product this ...

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Forex Trendy - Forex Trendy System Review - is it a scam? forex trend scanner

Forex Trendy Review - Honest Review - forex system forex trendy forex trading strategies that work stocks & options trading classes. 4/ The Benefits – Forex Trendy Reviews There's Forex Trendy ... How to use this powerful trend trading indicator that I'm about to show you is called the true trend. While CCI trading I discovered and created a simple yet... I am giving you a Forex Trading System worth Thousands of Dollars for FREE! YOU MUST WATCH IT UNTIL THE END, its very important. This is a very versatile sys... Dynamic Trend Trader Review by Cynthia Learn More: http://www.day-trade-forex-online.info/recommends/DynamicTrendTrader I want to introduce to you a COMPLETE... Learn FOREX TRADING https://tradeempowered.com/ In yesterday's video, we talked about the importance of gaining a "feel" for the markets and how staying up t... Learn my other profitable strategies: https://bit.ly/2xpgWqMIn this video, I will walk you through a simple forex trend-following strategy that I've been tradin... Liked this video? Then check out the Syndicate: https://tradeempowered.com/syndicate-yt This weeks Forex Market Preview has a great lesson on trend trading. ...

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