How are you friends, I hope everyone is well. I'm fine too. What am I doing through Forex today? I want to talk about whether you can change your destiny or not. Here are two questions on how you can be successful in the forex market, and the second is not possible to be successful from here. What do you think? But I want to say that from my current experience. Forex is not a common thing. Where you actually trend and profit your destiny will change. If you think this is wrong. It is not possible to succeed easily in the forex market, so you need to do a huge study on this subject. Things you need to know: * You must first know what Forex is and how it works. * What is traded with. * What kind of training is done in Forex. * What pairs are there. * Which pairs are marketed. * If you want to trade Forex, you need to know about different times in the market. There are three main types of marketing analysis. You need to know that. 1. Technical analysis 2. Fundamental Analysis 3. Sentimental analysis In addition to the above analysis, you need to have an idea about more different types of tools. Then there are things that will depend on your success First of all, you have to give up greed because the main condition of this market is to reduce greed if you want to survive in this market.
News Impact is of the utmost importance in Forex because it is possible to make a good profit by trading through News Impact. Many Forex news, job reports, speeches are published every day. These affect the market. So many people trade by targeting this news. But should we trade all the news? Not all news has the same effect. Everyone mainly follows forexfactory.com for forex news. Because they publish the best news and publish first. You will see some signs next to each news there. So, when you see the sign, you can understand the effect of that news and you can trade accordingly. High Impact News implies that it can have a huge impact on the market. The impact of medium impact news is relatively small. The impact of low impact news is minimal. The white sign indicates that the news is not economic news, such as Bank Holiday. Since Red High Impact and Orange Medium-Impact news have a big impact on the market, you can trade them or know what kind of impact they can have on the market.
The basic idea of Forex. What is Forex? Forex is foreign exchange. It is the largest market in the world. More than 4 trillion (1.5 trillion at 1500 billion) is traded here every day. Even though all the stock markets of the world match, there is not much transaction every day. The average one-day trading on the New York Stock Exchange is 30 billion. Since the market is so large, no individual, organization or even the state alone can easily control it. What do you need to trade Forex? A computer with an internet connection and an initial capital of 1,000 dollars (even less).Even if you start with 1000 dollars, you can trade a lot more because of the leverage. Most brokers offer a 1: 200 (or higher) leverage, which means you can invest up to 200,000 dollars by investing 1,000 dollars. Keep in mind, leverage can work for you and against you. Example: Suppose you bought 200,000 EUR/USD. Now if this trade goes in favor, that is, if the price of the euro continues to rise against the dollar, then you are earning 20 per pips, and if the price rises by 50 pips, you will gain 1,000 dollars. Similarly, if the price of Euro falls by 50 pips, that is, if the trade goes against you, then the account will be zero. Here we are introduced to three new words, Broker, Leverage and Pip. What are these actually? Broker: The company with which you will open an account, i.e. the institution through which you will transact in the currency market, is called a broker. There are many brokers from which you have to choose one. But choosing a good broker is not easy. When we discuss brokers later in this regard, we will see how and what factors can be considered to choose a good broker. Leverage: Leverage is the opportunity to buy and sell more than the amount of dollars you have. For example, if you invest 1000 dollars and allow 2000 dollars to trade, then the leverage is 1:2, if you have the opportunity to trade 1 lakh, then the leverage is 1:100. Pips: The smallest change in currency is called Pips. 100 cents is 1 dollar as 100 pips are 1 cent. This is a small unit but when the amount of buying and selling is a lot, this little change is a lot in dollars. For example, if you increase 1 pips by Rs. Suppose EUR/USD rises from 1.3050 to 1.3051, then EUR / USD rises 1 pips. So far today. It will be discussed in more detail later.
Many of us trade well but due to the lack of some things in our trade almost all the time there are various negative effects as a result of the loss of trade. But if you trade with some important things or conditions, your trading power will be many times more than before and it will be positive, and if you can make it a regular habit, you will always trade better. Let's find out what are the things that will help you in good trading. 1. Create your own trading plan. 2. Take the help of 2-3 indicators in trading, there is no need to use many indicators. 3. Start trading through Money Management. 4. Trade by setting stop-loss with tech profit in each trade. 5. Take profit according to the duration of trading. Avoid closing profitable trades early and prolonging loss trades. 6. Do not increase the risk with success in a few trades. Do not trade excessively. 7. Do not change the trading plan in the middle of the trade. 8. Do not trade directly on the real account in the new strategy, first check the success rate in the demo. 9 Keep a record of both successful and unsuccessful trades, will be useful next time. 10. Do not trade with robots depending on different readymade auto trading tools. 11. Do not trade against the trend. Remember trend is your friend. 12. Don't take the total risk by getting angry after losing one or two trades. 13. Don't start trading without a fresh mind. 14. Share your trading experience and develop strategy all the time. 15. Trade a certain amount every day or at a certain profit target. When the target fails, finish the trade for 7 days. If the market volatility is not good, do not go to fill the target. 16. Don't trade emotionally, don't be greedy. 16. Do not trade in co-related currency pairs for one-way trades. For example, if you trade both EUR and GPB in a buy or sell order, the profit or loss result will be almost equal and the risk will increase if the market goes against you. 16. Trade with trading possibilities, you will never see any reason for your inexperience in losing trades. 19. In the case of trades, do not expect a profit per trade. 20 In case of short time trades, trade with an understanding of active time sessions
1. Start with the basics. It is very easy to say that in order to be a trader, you must first know the basic terms of the Forex market. On a regular basis, you will learn things slowly without any haste. Eliminate the thought of becoming a great sage by learning all the things together in one day. Take your time, don't get too excited. 2. Give up the thought of gaining quickly, learn to gain slowly by creating the experience. If you think that forex is the shortcut and the only way to get rich in less time then you are wrong. First, master the subject well and gain experience. The more time you spend on any career, not just Forex, the more you will benefit. What difference does it make if your friend makes 100 pips at the same time you make only a few pips at the same time? The difference is an experience! Your friend has been trading for the last 5 years and you have started those few days. Remember Forex is a career, not a scheme to get rich overnight. 3. Be an expert. At the beginning of learning, many people first look for experts, people think that if you get the shadow of an expert, you will become an expert in a short time, I am not completely denying that. But the latent desire to be an expert is one step towards becoming an expert. Another form of an expert is the result of your normal learning day by day. Because you can become an expert in the light of experience, so make your dream successful by counting your own experience. The expert's experience is completely his own. Until you cross that path on your own, it will only remain your dream. 4. Use your own analysis. Following another person blindly will make you blind. Your goal is to become a successful trader so analyze your own trades by mastering the analysis methods well. If you are able to trade in your own analysis, your analysis will make you a professional trader. If you follow a self-proclaimed guru like a blind man, how will you trade when the guru stops giving his tips? So be your own guru. 5. Demo The best of all is demo trading. Demo trading will help you catch the mistakes of your new trading and help you to give up bad habits in trading. Demo trades are superior to live trades from different brokers. The test of every trading method is a demo. If the demo success rate is good, use it in a live trade. Use the style you have in the demo first. Make the trades as you wish in the demo. Then select which strategies to use in real trade. 6. Learn from mistakes Take note of the success and failure of each test trade. Retire from the trade for some time (maybe more) in three consecutive failed trades. And give time again in the cold head after the break. Don't go live thinking about the success of the fourth time in the three times loss trading method. He started the analysis with the loss trades, where the mistake was, or why it didn't work properly. Find out the right reason and move on to the next trade. 7. Create good methods. Most new traders lose first. The reason is over-excitement, over-demand, and pre-trading ahead of time. So guys, without trading too much excitement, master the issues well first, gain experience and start trading at minimum risk. Before trading every time, check and check if the trading tool (strategy) is correct. Everything you expect from the trade, etc. 8. Stick to your own method. Every trading method has its pros and cons. No trading method is 100% profitable. There are 6 profits and 3 losses in 10 trades of your trading method, you are successful. In case your trading success rate may go down further, don't get frustrated or excited, update the strategy by understanding the market change, and stick to your strategy because only you know how fruitful your strategy is. 9. Think of everything simply. There is no reason to think that your trading is too difficult. Start in a simple way. You will see that it is really easy. Set aside time to trade at your convenience. Give less time but it should be effective. In other words, if you can't give more time, then just spend as much as you can for trading. If you want to start a new strategy, first think about it easily with time, analyze and fix it, make sure the results in the demo. And decide. 10. Trade-in a pair. Starting multiple trades at once does not put your own risk level and extra stress on your head. So choose only one pair for longer trading. Many currencies may seem suitable for trading together, but trade with the currency pair that you have a good idea about. If you trade with 4-5 pairs at a time, you will not be able to understand the character of any pair well. And become misguided and eventually lose the trade. 11. Trade within a certain timeframe. Practice trading in a specific timeframe, as there are many advantages to trading in a single timeframe, such as trading in a single timeframe where you can concentrate where multiple timeframes can confuse you. A timeframe will help you analyze and make proper decisions, because the same chart will start different analyzes in different timeframes, so trading in a timeframe is very important, especially for beginners. 12. Keep trading charts clear. Many new traders think that it is better to have more indicators on the chart, but this is not the case. It is not wise to trade the chart randomly with more than 2-3 indicators on the chart. Understand the 3 indicators and characters and finalize in the light of experience. Basically the use of indicators in trade is not mandatory for you, it is only used to smooth your trading decision. Because there are many traders who are trading at 80% without using any indicator. I am not telling you to trade by removing all the indicators, if you want to be a good trader, you also need to use 2-3 indicators in the first stage. Understand the support and resistance lines for better trading.
Scalping is a technique to trade quickly. In this method, traders complete their trades in a few seconds. Which is up to a few minutes at most. Scalping is the best way for those who want to trade more in less time with smaller profits. For example, if you open a trade with a scalping technique, remember that your trading time limit is very low and you close the trade without expecting more than 2-3 pips. However, in this case, you must remember whether the broker you want to trade scalping has scalping trade support. This means that you will see that the broker is an ECN or no-dealing desk broker. Usually dealing desk brokers do not offer scalping support. (See details about broker type) Scalping is a popular way to open and close fast trades. But it also has some disadvantages, those who go for scalping without knowing those things will remember that they will lose more often and time instead of profit. When to do scalping: This way you can't trade every day. Because the market environment is an important issue for scalping which you will not always get. Scalping in the hot market and the time frame will be a 1-2 minute chart. In scalping or small trading formulas, you have to execute trades with small changes in the market. So again, make sure that your broker has fast trade execution before the trade. For scalping trades, you must trade in low spread currency. Because your target is a spread of 2-3 pips, if it is 3 pips, then you will not be able to profit without a change of 6 pips. So all the currency spreads 1, they are eligible currencies for scaping. Notice in the figure above that many spellings have been traded in small changes in the 1-minute chart. You can make a good profit by scalping in this kind of fast market movement. One of the default indicators of MT4 for scalping trades is Fractals which will get Insert> Indicators> Bill Williams> Fractals of Meta Trader. This indicator will give you a buy and sell signal via an arrow symbol above and below the candle. For example, sell in the upward arrow above the Kendall and buy in the downward arrow below the Kendall. Keep in mind that any indicator will help you in order-making. If you trade with 100% indicators completely, there is a possibility of missing. So use the indicator as to your helping hand and trade overall in the light of Upper Trading Strategy and experience. Thanks, everyone. I tried to share as much as I could. If you make a mistake, correct it.
1. Create your own trading plan. 2. Take the help of 2-3 indicators in trading, there is no need to use many indicators. 3. Start trading through Money Management. 4. Trade by setting stop-loss with tech profit in each trade. 5. Take profit according to the duration of trading. Avoid closing profitable trades early and prolonging loss trades. 6. Do not increase the risk with success in a few trades. Do not trade excessively. 7. Do not change the trading plan in the middle of the trade. 8. Do not trade directly on the real account in the new strategy, first check the success rate in the demo. 9. Keep a record of both successful and bad trades, will be useful next time. 10. Do not trade with robots depending on different readymade auto trading tools. 11. Do not trade against the trend. Remember trend is your friend. 12. Don't take a total risk by getting angry after losing one or two trades. 13. Don't start trading without a fresh mind. 14. Share your trading experience and develop strategy all the time. 15. Trade a certain amount every day or at a certain profit target. When the target fails, finish the trade for 7 days. If the market volatility is not good, do not go to fill the target. 16. Don't trade emotionally, don't be greedy. 17. Do not trade in co-related currency pairs for one-way trades. For example, if you trade both EUR and GPB in a buy or sell order, the profit or loss result will be almost equal and the risk will increase if the market goes against you. 18. Trade with trading possibilities, you will never see any reason for your inexperience in losing trades. 19. In the case of trades, do not expect a profit per trade. 20. In the case of short-time trades, trade with an understanding of active time sessions.
What is a currency index? An index of a currency is the trading volume or trading weight value of the currencies of other countries at the highest level as opposed to the currencies of one country. Which has been the official forex base currency since 1973? So the highest base currency is the USD whose indexing calculation can be used to measure the value of the Ananya currency. So in today's currency index discussion, the index currency is USD i.e. USD index USDX. The USDX is calculated with the trading value against the USD of the currencies of 22 countries over a total of 8 major currencies. The currencies are: Euro (EUR)Yen (JPY)Pound (GBP)Canadian dollar (CAD)Krona (SEK)Franc (CHF) Now the question is how to include 22 countries in 6 currencies? Yes, we know that there are 17 countries in the European zone, all of which have a single currency, the EUR, and the USD has a trending value against the single currency of Japan, Britain, Canada, Sweden and Switzerland. Simply put, one way to find out how much the USD is running against different currencies is called Indexing, since we will find out the index of USD, so it is called USDX. USDX Currency Country: Let's find out now which currencies are most involved for USDX i.e. how much of which currency is USDX for trading. Notice the image below: The EUR is a huge part of the figure for USDX. In second place is Japan, followed by Great Britain. Thus you see a ratio of country-based currencies, with 50% of USD currency trading and more trading against the EUR. The remaining 30% off the chart is traded with unique currencies. The EUR plays the most important role for the USDX dollar and the USD is the most affected by the EUR. That is why USDX is called the "Anti-Euro Index". The USDX is not calculated in the Forex market, but rather the large financial institutions that have the USDX calculated to balance their trades or the economy. Since USDX is a global concept, many financial institutions use this formula to keep their economies afloat or to conduct business accordingly. One such institution is the Federal Reserve. They use the "trade-weighted U.S. dollar index" to calculate the USDX. Hope you got a good idea about USDX. USDX Formula: USDX = EUR * 0.576 x JPY * 0.136 x GBP * 0.119 x CAD * 0.091 x SEK * 0.042 x CHF * 0.036 When the USDX starts to fall, it means that the exchange traders are selling the USDConversely, when USDX starts to rise then exchange traders start to buy USD.How to read the USDX chart: The USDX chart is a type of chart similar to the Unique Currency Chart whose Index is calculated on a daily and weekly basis. In this case, the INDEX General value of 100.00 is calculated on a Base basis. For example, when the USDX goes up, the USD value increases. If USDX is 110 then the USD value increases by 10%. Again when USDX falls to 90 then the USD value decreases by 10%. Remember that since we are talking about USDX, its reflection will be around the USD currency, which is why I see the reflection of USDX rising or falling, but in my USD currency. So far the USDX level has reached a high of 160 and a low of 78. Why use: As mentioned earlier, the trading weight of USD can be measured with a unique currency through the USD Index. Since the combination of many currencies is USDX. So it is possible to forex those currencies through USDX. The effect of the strong or weak behavior of the USDX chart plays an important role in the forecasting of unique currencies. Just as we use Support and Resistance, Candlestick pattern, technical analysis or various other strategies for trend lines and price forecasts, the trending trends of those currencies can also be understood through the effect of USDX or the flow of this chart. How to use: Since the index chart of USDX is EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD based on trading volume. The trading strength of all these currencies against the USD is USDX. So notice that when the trend is down on the EUR/USD daily chart, the trend is reversed on the USDX chart. This time look at the EUR/USD Daily Chart If you consider the above two charts, you will see that they are slightly opposite to each other. Because we already know that the main traded currency of the USDX chart is EUR so this currency hits the USDX chart more. Thus the next movement of the charts is predicted according to the country based and the traded volume of USD with their currency. Currency co-relation needs to be discussed to clarify this issue. And different Currency Strength Indicators are used to get their Forecasts by combining unique currencies with USDX. Understanding the currency co-relation will get you the magic of how 4-5 currency charts create a reverse trend against a USDX chart. Today I tried to give a good idea about USDX. We will discuss currency co-relation in detail in the future.
There is an important relationship between Gold and Oil in the Forex market. Because these two commodities are used as the leading indicators in trading decisions in the Forex market. According to a 2011 survey of mine production in various countries, China is the only country in the world, followed by Australia and the United States. Thus the production of different countries in different years hits the currency of that country. Note that the USD has an inverse relationship with the GOLD, despite the fact that the US is often the largest producer of the GOLD. The main reason behind this is that the price of GOLD is always set against USD. Another reason is that sometimes investors think it is safer to transfer their capital from USD to GOLD. Gold: See the image below Oil In general, we see an increase in the price of oil, especially transportation costs. At the same time, the utility and heating cost of the finished product also increases. Its impact is particularly felt in oil-dependent economies such as the United States, China, India and other developed countries. But the exception is Canada, the world's second-largest oil producer and net oil exporter, which has seen a positive correlation between the oil price and the Canadian dollar, which is not unique among developed countries. One of the things I have learned so far is the economic calendar, let's see how you can understand the fundamental issues with the economic calendar.
What is Forex, where to go to learn? How long will it take? How much money is the guarantee of income? How much to invest? Is it possible to trade without investment? As a profession, what can everyone do? Explain all this a little. - Trader, non-trader for everyone. Before moving on to the main discussion, Halka gets to know a little bit about the benefits of Forex and what it can be like as a profession. I am actually sharing the matter with a little unknown person, I have been facing a question for several days, many people are annoyed to hear the word forex, where to go to learn forex? Many people are talking about many kinds of benefits, some people are saying that training is a guaranteed income, while others are saying that it is a system of unlimited income with Rs 50,000-60,000 per month, again they are showing someone who is earning Rs 1,00,000 (one lakh) per month. Earn more than money through forex trading. All in all, the matter is still unclear to many. So my intention is to try to solve the above problems and possibilities from my experience of Forex trading. We hope you will share your Forex trading experience. The minimum benefit is that the newcomers will not be misguided. What is Forex? In a new way, it seems that there is no need to explain to anyone what Forex is for the sake of discussion and those who are absolute novices; Forex is a trading market where one currency can be traded against another to make a profit. And newcomers can know the trading facilities in this market once. Where to go to learn forex? The simplest answer is to go to a forex training center or if you know someone who knows forex, start learning from the start anyway. Let's go a little deeper this time. How to learn Forex by going to the training center. At present, the training fee for general Forex trading in almost all Forex training centers in our country is between Rs. 8,000-10,000. Time 2-4 weeks. Good. There is no substitute for training if you want to know something better. Not everyone can do everything on their own. In this one month of training at the training center, you have stepped into the realm of forex trading. Now the rest of your work, regular study and effort can make you a trader. He needs to start practicing for a long time. And to do this you are not obliged to win at the training center, you can master the subject on your own if you want. However, if it is readymade, it takes less time. Note first that Forex is not a pill made by a doctor who got confused in an instant or a package that understood everything in a month. Forex is a "long time learning process for a lifetime and lives to learn". Just as a little knowledge is terrible, so is the thought of mastering the subject with a little effort. Then you How to get started? Step 1 # You first mark any site, domestic or foreign, then take out a specific time every day from your regular routine and then start studying little by little. Remember, don't rush to load. Do not try to control something by force. If you give time to time then time will give you time. Divide your study into three parts or you can confuse them (Beginning, Professional and Advanced). Step 2 # In the case where many issues may remain unclear to continue the study, ask your problem or issue in the forum. There are many experienced traders who can give you a good solution to your problem. Demo practice starts as soon as you finish the demo trading chapter of the study. And continue your regular study as well. Fix the demo trading practice in the same way you did the regular study. Step 3 # Assuming your basic study course is over, now you can understand and trade fairly. So what to do now. In fact, you will decide now. Is it really possible for you to trade? How happy are you with the intention of learning Forex for so long or how happy are you with Forex? Take the answer to this question on your own, if your answer is you are quite enjoying and this kind of earning concept is giving you a lot of pleasure then I would say you can decide to do forex. And start your next step. And if you can't cope with this kind of learning system, or you don't understand the subject, you're not really happy, then I say don't force yourself, you have to understand that this kind of earning is not suitable for you. , You can do any other business of your choice without trying too hard. Because as much as you understand in the first stage, at least I hope you understand that this is an art, the better you can spend your time happily, the sooner you can succeed. So since your assessment period is not positive then you should skip this type of business thinking. Because not everything happens with everyone, you know that very well. Step - 4 # OK, let's assume you have decided you will trade. Then now is the time to make yourself the main trader. Are you a student or an employee? Take 1-2 hours out of your normal routine every day as you are very interested in and enjoying the subject. This is your second assessment: - I am focusing on feeling very good because the results of forced work are not good. This time practice Forex as a completely optional subject while keeping your normal activities in order, do not expect a quick return from this market. One more thing to keep in mind when you are not discovering that you are trading well and if your 4-6 months of regular practice gives you an overall positive result then you can invest and think. Step - 5 # Basically you now know that there are many formulas and many strategies of forex trading. You also learned that strategies can be created individually with each subject. But it is not possible to trade all the issues together again. So now your job is to make regular trades in any style you decide. You know that there are basically three formulas to trade Technical analysisFundamental AnalysisAnd candlestick analysis.Most trades are based on technical analysis strategies and this strategy is the largest and most time-consuming. Step - 6 # Assuming you decide to trade in Technical Analysis Strategy, the goal this time is to learn the technical terms. You already know that the special method for Trend Power Trading is to identify the trends and trade them. For that, you need to do a lot of tools and study. And so start drawing different patterns, standing and execution. This will give you a better idea of the pattern then start working with Advance Pivot Point and Fibonacci Retracement. Step - 7 # In this step, you will go one step further with the chart, until you know how to convince him by drawing a pattern with Fibonacci. Now basically do that job again with more strength than before. Let's take Trading Classic Chart Patterns, basically by following the book you will be clear how far the chart patterns work and how effectively they work in different market situations. If you have a good chart pattern book in your reference, you can follow it. Basically the purpose is the same. Learning chart patterns and not taking all the patterns together at the same time can be such a horrible situation. So after mastering a few patterns, make 4-5 strategies with them and mark their trading success through demo trading. Keep up the good work. Step - 8 # Let's take a simple and transparent path this time, you must have got the MACD indicator, you don't need to think about this indicator at all, because you may not know how much power this indicator has, you will be happy to know the favorite trading strategies of many expert traders who are earning much more But with MACD. So when you understand the pattern, start the strategy with the MACD and trade regularly. Remember that you will find thousands of strategies for trading in the Forex market. If you fall into the trap of all of them, you don't have to trade anymore, so you don't need to be such a strategy expert. Step - 9 # You've come a long way and now that you've come this far, you're doing well. Then you know that you have also passed the second assessment so you can do forex. It's final. Now it's time to become an expert. How is that possible? In fact, it is not too difficult for you. What does expert trading mean? Is it a medal or a recognition? Expert trading is when you trade well, your maximum trade is profitable and you have a very good knowledge of the market and understand the market volatility and can trade accordingly. Now all these things but you will not get in one kind of analysis, so you need to know about currency falling and rising issues which you will get a lot in fundamental analysis, remember that fundamental analysis means but not just being able to read an economic calendar but what causes currency. Fluctuation means knowing and having knowledge about economic data points. So you understand how important your technical analysis, as well as fundamental analysis, is. Here is another common analysis you need to know if you want to develop yourself as a Forex expert. That is a candlestick analysis. There is no need to think lightly about candlestick analysis because there are so many different negative opinions. I am not denying the different patterns of the candlestick, but I can give some formulas so that your trade can be successful, notice when you know how to enter the trade with technical analysis. You can also match your candlestick pattern, but your trade is not supposed to be negative. Now maybe the mood is getting worse or you think you should do so much analysis and not trade, but in the morning it seems like it is now but in fact, it is not the case. Because when you come up with a good idea about different analyzes, it is only a matter of a few seconds to make the order positive with different analyzes in one order, so don't worry. Step - 10 # Yes, you know a lot about Forex. So now there is nothing to learn? Just trade and keep earning more and more dollars? I'm not going to let you down, but I want to remind you that the Forex trading market is not the same all year round, the same strategy you are using now to make a profit but at another time in another month of the year may not work or completely. Your target may not be filled or the trade may go against your order. So how do you trade all year round? No-tension boss! When I say that, it doesn't happen all the time, but it doesn't happen at all, so I warned you a little bit. In this case, you simply divide the whole year into three parts. E.g. - October-January,- February-May- And June-September. If you notice or have good trading experience, you can assume that no matter how good or bad the market is throughout the year, 3-4 time circles no longer react outside. So take the idea out of the annual chart. You have become so breathless that you have to clear so many steps, in fact, you will not be able to do these things in one day and you will not be able to. So take a short break if you get a little tired in the middle of learning or if you get a little annoyed because learning to be bored will make you more annoyed. Will increase. Because Forex is a total art where an extreme value of your talent is found. Of course, I hope you have invested as much as you can and traded a lot before expecting so far, then I would like to say as a recommendation, if you want a good return, you have to give good input. I'm not saying you have to start trading with, 500,1000,2000 or 5,000 dollars, I just want to say you understand the trade so think about all aspects of you and invest as you like, maybe that's $ 10,000 or more. All your analysis, as well as investment, is a huge factor, yes, you may have a huge amount to invest but you need to know how to use it in a risk-free way. And when you finish learning up to this point in my discussion, I'm sure you don't have to tell me how much to invest. Is it possible to trade without investment? I want to give the answer very simply, it is not possible to trade without investment, boss! When you are in this market, you may have heard that there are various Forex sites that offer bonus dollars for posting which can be traded, or some brokers offer a bonus of 5-10 dollars for their brand promotion. True, this can be bypassed-but not unless you're a techie who knows what he's doing. If you like the subject a lot and if you actually make trading money collection in this way, you may lose your interest in the original trading and your business sentiment will be lost and you will be annoyed to make the condition oblique so come directly to trade without getting addicted to all these things. Think of it as a business, not an opportunity seeker. And since you are doing business, you know that there is no profit without investment, so keep that in mind. I hope you have found a new business concept for those who do not know anything about Forex yet but have read this article. Now you have a plan for how you want to go about this new business with all your thoughts in mind. Surely you know that a beautiful beginning of something is half-finished. So far those who have been harassed, annoyed, losers by trading Forex will do a little research on their history and you will see that they have traded randomly or started trading without the adequate practice of risk management or key issues. So you guys think it's normal and just like any other business, hard work and dedication are at the root of business success. Yes, Forex is a different kind of business. Working here is the work of your talent. So business is not acceptable to everyone and not everyone can. Don't go for less than your full potential. Don't think of this as a way to get rich overnight. Forex is full-time or part-time, as a profession This is very important because in many cases it has been seen that part-time traders can do the same amount of income that full-time forex traders earn over the course of the day. Moreover, 85% of total Forex traders are part-time traders. Moreover, full-time traders have very good mental pressure which is why they tend to be a bit lazy in nature. Something else doesn't happen very often. There is no need to take it full-time in the beginning. Basically the main difference between full-time and part-time trading is the pressure, how much pressure you can take. So keep moving forward according to your own sentiments without making the matter too complicated. You can take advantage of three types of Forex careers. Professional trader or institutional trader.Forex analyst or currency researcherE.A DeveloperYou can also do many high-level jobs in various interesting posts including regulator and exchange manager. If you can be a good analyst in skilled trading then besides trading there is another huge potential for you to work as an analyst. A huge sector for all brokers, different forex service providers is that currency analysis is basically the more and the more effective analysis can be given to the customers, the better the market can be captured and the long jump of all forex organizations but this is one thing. So if you can develop yourself as a skilled analyst then forex companies will take you by the hand and give you high rise celery which can be 3-5 lakh rupees per month. You will continue to work from the comfort of your own home as you trade from your home. So there is a lot of potential in this sector. The key to success in the Forex market is to: Patience + humility + education = success So many people are trading for a long time and developing analytical skills in different ways such as chart patterns, pivot points, vignettes retracement, Elliott Wave, researching mathematical explanations and gaining the ability to understand the price movement. So if the target is to be an analyst, then keep notes of your trade formulas down from the beginning, update and make a form of the logic of each strategy, you can proceed in this way. In fact, you are an analyst because you need analysis in every trade, the way you enter the trade. So always emphasize on the subject. At one stage you will get your targeted area while practicing. However, to reach that position, you need to cross a milestone of 3-5 years or more with regular study. So keep trading normally for a few years through all those things. Some straightforward words: If you do not get the benefits, you may have to suffer. 1. Do not trade on loan. 2. Do not trade force to fill the target. 3. Demo trade with exactly the amount of money you invest in live trading. 4. Do not trade in Yes or No function. 5. Occasionally take a break from trading. 6. Do not compete. 7. Keep records of all trades, compare positive and negative trades. Review and correct negative trades. 8. If you get a positive result in two consecutive trades, do not increase the volume in trade number 3. 9. Don't trade against your will if you don't want to. 10. Do a minimum of 5 minutes chart analysis before opening a trade.
What is Gap Trading? Gap refers to the space between the end of a candle and the beginning of the next candle. Gaping is not a regular feature of the market, it usually happens during the weekly market open. It happens at the price closing of a particular pair on Friday and at the price opening of that currency on Monday. The stock and commodity markets in particular enjoy more price gaps. Gaps are caused by longer or shorter than the expected ratio of any currency. And in the stock market, there is a price gap every day. Normally, if there is a price gap, it is covered again. This is normal, but there are some reasons behind it. When there is a price gap, there is no support or resistance area, so the price can move openly in that direction. Does price always fill the gap? Technically speaking, the price fills the time gap by 90%. However, if the previous trend of the gap is more than 300 pips, then it takes about 15 days to fill the gap. If it is within 90 pips, then it is seen to be filled in 2-3 days. Is Price Gap Trading Profitable In Forex? According to the pair, the price gap can be of many ranges, there can be many types, such as some gaps are in the price breakaway, some are in the trend continuous pattern, filling the gaps in all the pairs or patterns is not exactly the same. However, if you see that the price gap is closing, you can trade to fill that gap. Since there is no support or resistance in the gap space, in most cases the trade does not change without filling that gap. If you want to trade in currency gaps, consider that currency first, record the gaps in a few months, and report on both short and long gaps by day. Remember there is no reason to think that it will always fill the gap. Long gap trades are more sustainable than short gaps, so do not hold trades in the hope of filling a full gap, because sometimes the market gap fills half immediately and then fills the remaining gap after a very long time, so if you stop trading Understand the future of this trade.
Forex Money Management Many people are indifferent to the issue of forex money management, only those who know how successful and risk-free trading can be done through money management can realize this. So this time I will discuss the very important issue of Forex trading about money management. In my discussion I will try to present the whole subject in a way that is understandable and practical because I always love disciplined learning, I believe well-disciplined learning will help you understand a subject as soon as possible, random learning bothers you more than that. Will and will waste your precious time. So I will try to make it as easy as possible with my little forex knowledge. Because I don't like scorpions either, I can't go far on my own even if I don't get a simple snake, and I want to start this disease with the participation of all of you. Fans will comment on the topic in the forum and your questions will be raised in the forum so that the motivation to teach will increase a lot. What is Forex money management? What is money management? In a word, how you can use the basic balance of your forex trade safely in any process and how much you can use it safely for trading, how much you will lose voluntarily if the trade is negative and how much profit you will make when you make a profit is money management method. Money management is an impossibly important issue for a successful and risk-free trade for a trader. Many of us have a dream about Forex that I will earn1 million from Forex for the rest of my life. Which, of course, made the video an overnight sensation. How? I said a little more than a million dollars! No boss, you know it's not unthinkable for forex traders. And you can manage your 1 million income through money management, that is, if you know money management, you can decide how much capital you need to achieve your dream money and how long you can use it to make your dream come true. The huge success of your trade depends on money management. Larry Williams started trading with $ 10,000 and made more than 1 million a year. I hope you have got the idea of what money management is. Why is Forex money management? Why Money Management? Money management will manage your trading capital properly.The mathematical formula will give you a formula for making a timely return of your capital.It will also create a risk-free profit and loss ratio for your trade.Proper and Improper will help create trading.Create a safe return formula for your capital.The account will save you from fire.Long and short time based different ideas will help to trade.This will determine when you will trade in this formula.Your Forex Ultimate Goal will give you the right management of what could happen.Will help instability like being long live in the market. You may have noticed that while you can make 500 dollars, someone else can double make the same deposit at the same time, or the amount you lose and the rate of your return that someone else loses at a much lower rate and his return is higher, in fact. These things are not someone's extra power, if there is power, it is good to know, which you can do. So to continue your trading, first capture the things that are needed, then start trading, you will not lose.
What is a trading journal? In general, this is what we mean by journals, and in the case of Forex, journals are about saving some of your trading information for the future which will help you to build your trading in a stronger way in the future. As a trading journal, you will keep a record of each of your trades, what was the buy/sell of that trade, what strategy did you trade, what was your target, what was the profit/loss result, etc. How will a trading journal help you? New trades will help make your trade more secure.- Will help your target fill.- Identifying your trading weaknesses will make new trades stronger.- Becoming your own coach will help improve the trade. What do you record in a trading journal? Trading Motivation: In this section, you will take note of how or what level you are as a trader, what is your trading method and why you will trade. Market Perspective: How you try to understand the market and how you decide to enter the trade and how much risk you take. Market monitoring: Everyday market is not the same. So you can't use the same strategy every day. So change the strategy from time to time based on market trends and volatility. Wrong trades: Keep a record of every possible reason for the trades that went against you in which you made various mistakes. Successful trades: Keep a record of your successful trades as well as the wrong trades, such as what strategy you used in this trade or if the trade was successful. Keep a record of all the reasons for this.
Before Trailing Stop, let us know a little bit about what is Stop Loss in general? Stop loss is the amount of dollars you lose if a particular order goes against you, so you agree to close that trade and set the amount of dollars you want to make as taking a profit. In other words, if you are not in the trade, then if you go to that certain amount of loss, the trade will be closed by hitting your set stop loss and the trade will automatically close to profit by hitting the given tech profit. This is generally stop loss and take profit. The Trailing Stop is a bit different, but it's a lot of fun. Trailing Stop is a special order where your stop loss is not fixed. As the market changes, so do the value of the order you place. Many people call this system Loss Lock and Profit Maximize System. Let's try to clarify the matter with an example. Suppose, you open a trade that you want as 50 pips stop loss. This time you made a long order of EUR / USD at 1.3550 points and you set Trailing Stop at 50 points. So if EUR / USD comes to 1.3500 then your trade will close at 50 pips loss. Now if the trade goes 50 points in your favor, that is, 1.3550 to 1.3600, your stop loss will be 1.3500 and not 1.3550. That means he locked 50 pips loss from behind, trailed. Again, if your trade goes 1.3650 to a longer one, your stop will trail another 50 pips, meaning it will no longer move from 1.3550 to 1.3600, and so on. Suppose this time your trade goes against you again after going to 1.3650 and goes up to 1.3600 then your trade will close at the last trail stop i.e. 1.3600. Now if you calculate, you will still have a profit of 50 pips. In other words, the difference between your market price and the trailing stop point is your stop-loss point. For Training Stop, right-click on your specific trade and select the Trailing stop -> point of your choice. If you want, you can set your own points through the Customize option. And if you want to stop the trailing stop, then select None.
Trading Statistics: In the discussion of the first episode, he understood the importance of trading journals and what matters need to be recorded in the trading journal. And in light of that, in your monthly trading statistics, you can see what the real result of your trading is. Here are some tips to help you organize your trading statistics. Net profit: The amount you owe at the end of the month excluding loss or commission. Profit: In this part, you will find the percentage of your profit with the total profit you have made and the number of your total trades. Loss: In the same way you find the percentage of your loss with your total loss and the total number of trades. Biggest Profit: You will record more of the biggest profit trades at the end of the month. Biggest Loss: Keep track of the biggest losers like profit trades. Average profit: Finally find out the amount of profit in the total trade. Average loss: In the same way, you will find the loss by differentiating between profit or loss. Trade Review: The review session is basically to put an end to all the trade records you have taken so far, to analyze and correct the trades by analyzing the records of your trades through various point notes. Such as keeping the profit trading strategies in follow-up and not making the same mistakes in the next trade by finding out the reasonable reasons for the loss trades. In this case, you have to hold your journal record and sit down slowly and chart each record and match the trading style or strategy you have done to find out the real reason and fix the trade. Your trades will be more secure and transparent if you trade with a few more things in mind in order to strengthen your trades in the core of the trade journal. As in this case you can follow the following points. 1. Follow a beautiful trading plan for trading, which will be with your own trading style and strategy. 2. Each of your trades will be a part of the trading plan. 3. Improve your trade by reviewing trading journals at least once a month, (preferably every two weeks). And learn from mistakes.
Everyone is concerned about Liberty Reserve's current problems. Those who have stockpiled dollars directly in the Liberty Reserve or those who have dollars left are the most indifferent. This is because Liberty Reserve was an easy way to earn money online through various means around the world, so no one is right in this situation. Will Liberty Reserve come back again? Or what will actually happen? Or what is the solution? The answer to all these questions is not yet clear. So at this moment, neither the story of hope nor despair is correct. However, forex traders who have deposited with Liberty Reserve have to withdraw with Liberty Reserve. This is the general rule of almost all brokers. When BDForexPro spoke to Instaforex about this, they said that no matter what the future of Liberty Reserve is, it will not have any effect on Instaforex. If the Liberty Reserve does not come, they will resolve the issue of Money Withdraw through alternatives as per the convenience of the traders. However, as the matter has not been finalized yet or Liberty Reserve has not made any press release so far, they told the traders to continue trading normally without making any decision at this time. Account Opening Terms of Instaforex Account Opening Terms 7.7.1 “The Customer undertakes risks connected with disestablishment of payment systems. If the electronic payment system ceased to exist, the Company deducts funds from the Customer account in the amount deposited through this system. ” When asked about the points, they said that if Liberty is chiseled, they will deduct the account holder's funds as a withdrawal process which will go to the wallet and traders will be able to withdraw or use it later. Many people may panic at the above point so, don't worry you can continue your trade. They will do this if you just need to change your deposit method. Almost all other brokers have confirmed the issue in such a way that they will bring the benefits of Uthdraw to the media which is beneficial to the traders, which will be known to the traders by highlighting it as recent update news on the site after the issue is finalized.
1 # Trend Observation Indicator: The most important thing before opening a Forex trade is to make sure you are on the right trend. Many of us feel after opening the trade that my trade does not seem to be in a positive trend but until then there is nothing else to do. In this case, you can confirm the trend in an initial way with the crossover of Simple Moving Average. Depending on the duration of your trade, you can check the specific SMA to place an order according to where the current trend is now. The way to confirm the trend in the crossover is downtrend if Short SMA crosses Long SMA at the bottom and uptrend if Short SMA crosses Long SMA at the top. 2 # Trend Confirm Indicator: After looking at the trend initially, the task is to confirm the trend completely. Now is the time to confirm the trend you have been thinking about with SMA. One thing to keep in mind is that you will never find a 100% sure trend in any indicator, yes but your practice in the strategies we will look at will help you a lot to catch the right trend. MACD is a powerful little tool for trend confirmation. Be sure to keep the sell trend strong on the MACD divergence and the buying trend strong on the convergence. 3 # Overbought and Oversold Indicator: Whether it is a buy or sell trade when the market goes back a little after a trend and there is such a doubt in the middle of the trade whether it will pull later, in that case, it is necessary to stay steady towards the current trend through additional buy or even sell indicators. One such indicator is the Relative Strength Index (RSI). This indicator has some courage to continue trading according to the trend. Notice the picture, you can understand in which position your trend is now. 4 # Profit Indicator: Lastly, this tool is not something new that you need to get out of the market with a profit. In this case, you can also use RSI. If you go above level 60, you can get out of the bay like then, and if you go below level 20, you can get out of the cell. You can do the same with the Bollinger Bands, you can exit the Bollinger Sale Breakout trade-in your buy trade and you can exit the Bollinger Buy Breakout trade-in your sell trade.
Working as a full-time trader in the Forex market is like passing a huge and difficult test. Those who work full time in this market can only experience the real. Since this is a business of a serious nature, the mental pressure here is a little higher than other businesses. And since you have chosen Forex as your main business, it means that all the expenses including your family go to this business. Or if you take forex as your main business then all your expenses will be covered by this business, so is your decision to establish yourself in this profession right for those who are doing forex as a profession or others? Or how successful you are at all these things but need to know a little better otherwise your danger but you will bring it yourself. So whatever you think of caution or help, judge yourself with these few things below, if you make a profit, it is better not to lose Jane. First question: Are you a successful forex trader? You don't need to give the answer so easily, you have huge money to be successful so you can trade with confidence, open order and close it after 5 days, but I don't understand how to make some profit. I am saying that if you understand the market analysis and can make a profit in the average trade by trading like that, I am saying that he is the proportionate but successful trader. If you don't have a daily trade journal, maintain a journal and calculate at the end of the month exactly how much profit you were able to make and how many of your trades were positive. Second question: How much force are you mentally ready to take? It's okay if you trade well, but sometimes it can happen that some of your trades go against you and create tension and increase the mental stress. Decide in advance exactly how much pressure you are willing to take. Moreover, sitting behind the trade all day just creates a little pressure. Then don't get emotional and enter into a trade without logic. Decide on a cold head without any extra stress. Because in these situations the mistakes that you don't normally make also happen. So take some time to decide. Third question: Do you have enough money for trade? By the way, a good trade requires a handsome mani, and especially when you are a full-time trader, so the matter is very important and essential for you. A high account balance will in many cases keep you risk-free and you will be tension free. And you won't have to worry about a lot of big market movements. The reason I take it so seriously is that you are introducing yourself full time and choosing it as your main income, so I would say nothing more than foolishness for you to think like this without a good amount. So take the matter very seriously and keep trading with Money Manage. All in all, if you are a full-time trader You must have realized how much breath you have to have to be a full time trader. If you really think you can attach yourself as a full time trader to the criteria of your qualifications, then stay away from the dream of becoming rich overnight. Because you have chosen Forex trading from a unique job or as an alternative to another job. Yes, it is true that judging yourself as a full time trader is a difficult thing to do, but you can make a decision considering how strong your trading skills, mental strength, financial slope are.
You need to be aware of currency co-relation when you trade in multiple currencies, the relation of one currency to another at different times of the year is different, the currency you found weak today may be strong for you at another time, so with multiple currencies Time is of the essence when it comes to trading. See how risky or profitable you are in the chart below for the same value of the same direction + and the opposite direction ... Keep in mind that when you trade two currencies with +1 in 1 volume, it means that you have basically started trading in 2 volumes. In this case, judge your risk ratio yourself. Again, trading -1 currency with two currencies at 1 volume means that one of your trades will be profitable and the other will go to trade loss. So before trading in multiple currencies, be sure to know the difference between + and - between your two or more currencies and how much risk you can take. The big problem for most of our traders is that when we open trades in one currency we do not remember or know the directions between the two currencies which make it appear that both currencies are profitable together, or both together at a loss or one loss at another profit = 0 EUR/USD GBP/USD Look at the relationship between the two EUR / USD and GBP / USD charts, when the chart is taken, their relationship is +0.83, so their movement is seen in almost the same direction. Will come in double loss or double minus. This time let's take a look at which currencies are in a positive direction and which currencies are in a negative direction. Positive: EUR/USD and GBP/USD EUR/USD and AUD/USD EUR/USD and NZD/USD USD/CHF and USD/JPY AUD/USD and NZD/USD Negative: EUR/USD and USD/CHF GBP/USD and USD/JPY USD/CAD and AUD/USD USD/JPY and AUD/USD
Dear Trader Brothers/Sisters, Hope everybody is well. And everyone is busy with forex transactions. This topic is aimed at all those who know and know less about Forex. How to make a profit by managing money in the Forex market? 01- When trading in Forex, you need to know how to use your capital. 02- How to calculate the required funds of a business to earn a sufficient amount of money. 03- And if there is a loss, then how to avoid losing all your deposits. To achieve these goals, there are special capital management policies (money management) that are: Capital Management Policy Most traders, when opening a position, should not calculate the number of deposits used, just calculate the potential income and expenses. This can also be taken as an applied strategy, but if the capital is not too much, many traders will lose all their capital completely. Multiple agreements introduce different positions in the foreign exchange market on different components. For example, EUR / USD and EUR / GDP, a trader can earn only if the price moves in the right direction. There can be profit, there can be a loss. Depending on the amount of funds available, a trader will decide on the interest rate of his trading fund, but not on the amount of capital. Establishes a mutual balance between profit and loss. All activity statistics should be followed. When you find a balance between them, you can apply the lessons learned from your trading. Curve trading of funds Most people are familiar with the moving average, which can act as a signal to enter or leave the market. According to this principle, the moving average (on a short or long term basis) can be used as a predictor of trade results. If the short-term moving average is larger than the long-term, it would be better to wait a while. Adopt a specific money management policy Trading in Forex will help you use your money rationally and make a profit. Money management strategies are used to open positions.