Hi guys,submitted by getmrmarket to Forex [link] [comments]
I have been using reddit for years in my personal life (not trading!) and wanted to give something back in an area where i am an expert.
I worked at an investment bank for seven years and joined them as a graduate FX trader so have lots of professional experience, by which i mean I was trained and paid by a big institution to trade on their behalf. This is very different to being a full-time home trader, although that is not to discredit those guys, who can accumulate a good amount of experience/wisdom through self learning.
When I get time I'm going to write a mid-length posts on each topic for you guys along the lines of how i was trained. I guess there would be 15-20 topics in total so about 50-60 posts. Feel free to comment or ask questions.
The first topic is Risk Management and we'll cover it in three parts
Why it mattersThe first rule of making money through trading is to ensure you do not lose money. Look at any serious hedge fund’s website and they’ll talk about their first priority being “preservation of investor capital.”
You have to keep it before you grow it.
Strangely, if you look at retail trading websites, for every one article on risk management there are probably fifty on trade selection. This is completely the wrong way around.
The great news is that this stuff is pretty simple and process-driven. Anyone can learn and follow best practices.
Seriously, avoiding mistakes is one of the most important things: there's not some holy grail system for finding winning trades, rather a routine and fairly boring set of processes that ensure that you are profitable, despite having plenty of losing trades alongside the winners.
Capital and position sizingThe first thing you have to know is how much capital you are working with. Let’s say you have $100,000 deposited. This is your maximum trading capital. Your trading capital is not the leveraged amount. It is the amount of money you have deposited and can withdraw or lose.
Position sizing is what ensures that a losing streak does not take you out of the market.
A rule of thumb is that one should risk no more than 2% of one’s account balance on an individual trade and no more than 8% of one’s account balance on a specific theme. We’ll look at why that’s a rule of thumb later. For now let’s just accept those numbers and look at examples.
So we have $100,000 in our account. And we wish to buy EURUSD. We should therefore not be risking more than 2% which $2,000.
We look at a technical chart and decide to leave a stop below the monthly low, which is 55 pips below market. We’ll come back to this in a bit. So what should our position size be?
We go to the calculator page, select Position Size and enter our details. There are many such calculators online - just google "Pip calculator".
So the appropriate size is a buy position of 363,636 EURUSD. If it reaches our stop level we know we’ll lose precisely $2,000 or 2% of our capital.
You should be using this calculator (or something similar) on every single trade so that you know your risk.
Now imagine that we have similar bets on EURJPY and EURGBP, which have also broken above moving averages. Clearly this EUR-momentum is a theme. If it works all three bets are likely to pay off. But if it goes wrong we are likely to lose on all three at once. We are going to look at this concept of correlation in more detail later.
The total amount of risk in our portfolio - if all of the trades on this EUR-momentum theme were to hit their stops - should not exceed $8,000 or 8% of total capital. This allows us to go big on themes we like without going bust when the theme does not work.
As we’ll see later, many traders only win on 40-60% of trades. So you have to accept losing trades will be common and ensure you size trades so they cannot ruin you.
Similarly, like poker players, we should risk more on trades we feel confident about and less on trades that seem less compelling. However, this should always be subject to overall position sizing constraints.
For example before you put on each trade you might rate the strength of your conviction in the trade and allocate a position size accordingly:
To keep yourself disciplined you should try to ensure that no more than one in twenty trades are graded exceptional and allocated 5% of account balance risk. It really should be a rare moment when all the stars align for you.
Notice that the nice thing about dealing in percentages is that it scales. Say you start out with $100,000 but end the year up 50% at $150,000. Now a 1% bet will risk $1,500 rather than $1,000. That makes sense as your capital has grown.
It is extremely common for retail accounts to blow-up by making only 4-5 losing trades because they are leveraged at 50:1 and have taken on far too large a position, relative to their account balance.
Consider that GBPUSD tends to move 1% each day. If you have an account balance of $10k then it would be crazy to take a position of $500k (50:1 leveraged). A 1% move on $500k is $5k.
Two perfectly regular down days in a row — or a single day’s move of 2% — and you will receive a margin call from the broker, have the account closed out, and have lost all your money.
Do not let this happen to you. Use position sizing discipline to protect yourself.
Kelly CriterionIf you’re wondering - why “about 2%” per trade? - that’s a fair question. Why not 0.5% or 10% or any other number?
The Kelly Criterion is a formula that was adapted for use in casinos. If you know the odds of winning and the expected pay-off, it tells you how much you should bet in each round.
This is harder than it sounds. Let’s say you could bet on a weighted coin flip, where it lands on heads 60% of the time and tails 40% of the time. The payout is $2 per $1 bet.
Well, absolutely you should bet. The odds are in your favour. But if you have, say, $100 it is less obvious how much you should bet to avoid ruin.
Say you bet $50, the odds that it could land on tails twice in a row are 16%. You could easily be out after the first two flips.
Equally, betting $1 is not going to maximise your advantage. The odds are 60/40 in your favour so only betting $1 is likely too conservative. The Kelly Criterion is a formula that produces the long-run optimal bet size, given the odds.
Applying the formula to forex trading looks like this:
Position size % = Winning trade % - ( (1- Winning trade %) / Risk-reward ratio
If you have recorded hundreds of trades in your journal - see next chapter - you can calculate what this outputs for you specifically.
If you don't have hundreds of trades then let’s assume some realistic defaults of Winning trade % being 30% and Risk-reward ratio being 3. The 3 implies your TP is 3x the distance of your stop from entry e.g. 300 pips take profit and 100 pips stop loss.
So that’s 0.3 - (1 - 0.3) / 3 = 6.6%.
Hold on a second. 6.6% of your account probably feels like a LOT to risk per trade.This is the main observation people have on Kelly: whilst it may optimise the long-run results it doesn’t take into account the pain of drawdowns. It is better thought of as the rational maximum limit. You needn’t go right up to the limit!
With a 30% winning trade ratio, the odds of you losing on four trades in a row is nearly one in four. That would result in a drawdown of nearly a quarter of your starting account balance. Could you really stomach that and put on the fifth trade, cool as ice? Most of us could not.
Accordingly people tend to reduce the bet size. For example, let’s say you know you would feel emotionally affected by losing 25% of your account.
Well, the simplest way is to divide the Kelly output by four. You have effectively hidden 75% of your account balance from Kelly and it is now optimised to avoid a total wipeout of just the 25% it can see.
This gives 6.6% / 4 = 1.65%. Of course different trading approaches and different risk appetites will provide different optimal bet sizes but as a rule of thumb something between 1-2% is appropriate for the style and risk appetite of most retail traders.
Incidentally be very wary of systems or traders who claim high winning trade % like 80%. Invariably these don’t pass a basic sense-check:
How to use stop losses sensiblyStop losses have a bad reputation amongst the retail community but are absolutely essential to risk management. No serious discretionary trader can operate without them.
A stop loss is a resting order, left with the broker, to automatically close your position if it reaches a certain price. For a recap on the various order types visit this chapter.
The valid concern with stop losses is that disreputable brokers look for a concentration of stops and then, when the market is close, whipsaw the price through the stop levels so that the clients ‘stop out’ and sell to the broker at a low rate before the market naturally comes back higher. This is referred to as ‘stop hunting’.
This would be extremely immoral behaviour and the way to guard against it is to use a highly reputable top-tier broker in a well regulated region such as the UK.
Why are stop losses so important? Well, there is no other way to manage risk with certainty.
You should always have a pre-determined stop loss before you put on a trade. Not having one is a recipe for disaster: you will find yourself emotionally attached to the trade as it goes against you and it will be extremely hard to cut the loss. This is a well known behavioural bias that we’ll explore in a later chapter.
Learning to take a loss and move on rationally is a key lesson for new traders.
A common mistake is to think of the market as a personal nemesis. The market, of course, is totally impersonal; it doesn’t care whether you make money or not.
Bruce Kovner, founder of the hedge fund Caxton Associates
There is an old saying amongst bank traders which is “losers average losers”.
It is tempting, having bought EURUSD and seeing it go lower, to buy more. Your average price will improve if you keep buying as it goes lower. If it was cheap before it must be a bargain now, right? Wrong.
Where does that end? Always have a pre-determined cut-off point which limits your risk. A level where you know the reason for the trade was proved ‘wrong’ ... and stick to it strictly. If you trade using discretion, use stops.
Picking a clear levelWhere you leave your stop loss is key.
Typically traders will leave them at big technical levels such as recent highs or lows. For example if EURUSD is trading at 1.1250 and the recent month’s low is 1.1205 then leaving it just below at 1.1200 seems sensible.
If you were going long, just below the double bottom support zone seems like a sensible area to leave a stop
You want to give it a bit of breathing room as we know support zones often get challenged before the price rallies. This is because lots of traders identify the same zones. You won’t be the only one selling around 1.1200.
The “weak hands” who leave their sell stop order at exactly the level are likely to get taken out as the market tests the support. Those who leave it ten or fifteen pips below the level have more breathing room and will survive a quick test of the level before a resumed run-up.
Your timeframe and trading style clearly play a part. Here’s a candlestick chart (one candle is one day) for GBPUSD.
If you are putting on a trend-following trade you expect to hold for weeks then you need to have a stop loss that can withstand the daily noise. Look at the downtrend on the chart. There were plenty of days in which the price rallied 60 pips or more during the wider downtrend.
So having a really tight stop of, say, 25 pips that gets chopped up in noisy short-term moves is not going to work for this kind of trade. You need to use a wider stop and take a smaller position size, determined by the stop level.
There are several tools you can use to help you estimate what is a safe distance and we’ll look at those in the next section.
There are of course exceptions. For example, if you are doing range-break style trading you might have a really tight stop, set just below the previous range high.
Clearly then where you set stops will depend on your trading style as well as your holding horizons and the volatility of each instrument.
Here are some guidelines that can help:
For example if you stop understanding why a product is going up or down and your fundamental thesis has been confirmed wrong, get out. For example, if you are long because you think the central bank is turning hawkish and AUDUSD is going to play catch up with rates … then you hear dovish noises from the central bank and the bond yields retrace lower and back in line with the currency - close your AUDUSD position. You already know your thesis was wrong. No need to give away more money to the market.
Coming up in part IIEDIT: part II here
Letting stops breathe
When to change a stop
Entering and exiting winning positions
Coming up in part IIISqueezes and other risks
Crap trades, timeouts and monthly limits
Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.
Thanks for all the upvotes and comments on the previous pieces:submitted by getmrmarket to Forex [link] [comments]
Before you understand the core concepts of pricing in and second order thinking, price reactions to events can seem mystifying at times
We'll add one thought-provoking quote. Keynes (that rare economist who also managed institutional money) offered this analogy. He compared selecting investments to a beauty contest in which newspaper readers would write in with their votes and win a prize if their votes most closely matched the six most popularly selected women across all readers:
It is not a case of choosing those (faces) which, to the best of one’s judgment, are really the prettiest, nor even those which average opinions genuinely thinks the prettiest. We have reached the third degree where we devote our intelligences to anticipating what average opinion expects the average opinion to be.
Trading is no different. You are trying to anticipate how other traders will react to news and how that will move prices. Perhaps you disagree with their reaction. Still, if you can anticipate what it will be you would be sensible to act upon it. Don't forget: meanwhile they are also trying to anticipate what you and everyone else will do.
Preparing for quantitative and qualitative releasesThe majority of releases are quantitative. All that means is there’s some number. Like unemployment figures or GDP.
Historic results provide interesting context. We are looking below the Australian unemployment rate which is released monthly. If you plot it out a few years back you can spot a clear trend, which got massively reversed. Knowing this trend gives you additional information when the figure is released. In the same way prices can trend so do economic data.
A great resource that's totally free to use
This makes sense: if for example things are getting steadily better in the economy you’d expect to see unemployment steadily going down.
Knowing the trend and how much noise there is in the data gives you an informational edge over lazy traders.
For example, when we see the spike above 6% on the above you’d instantly know it was crazy and a huge trading opportunity since a) the fluctuations month on month are normally tiny and b) it is a huge reversal of the long-term trend.
Would all the other AUDUSD traders know and react proportionately? If not and yet they still trade, their laziness may be an opportunity for more informed traders to make some money.
Tradingeconomics.com offers really high quality analysis. You can see all the major indicators for each country. Clicking them brings up their history as well as an explanation of what they show.
For example, here’s German Consumer Confidence.
There are also qualitative events. Normally these are speeches by Central Bankers.
There are whole blogs dedicated to closely reading such texts and looking for subtle changes in direction or opinion on the economy. Stuff like how often does the phrase "in a good place" come up when the Chair of the Fed speaks. It is pretty dry stuff. Yet these are leading indicators of how each member may vote to set interest rates. Ed Yardeni is the go-to guy on central banks.
Data surprise indexThe other thing you might look at is something investment banks produce for their customers. A data surprise index. I am not sure if these are available in retail land - there's no reason they shouldn't be but the economic calendars online are very basic.
You’ll remember we talked about data not being good or bad of itself but good or bad relative to what was expected. These indices measure this difference.
If results are consistently better than analysts expect then you’ll see a positive number. If they are consistently worse than analysts expect a negative number. You can see they tend to swing from positive to negative.
Mean reversion at its best! Data surprise indices measure how much better or worse data came in vs forecast
There are many theories for this but in general people consider that analysts herd around the consensus. They are scared to be outliers and look ‘wrong’ or ‘stupid’ so they instead place estimates close to the pack of their peers.
When economic conditions change they may therefore be slow to update. When they are wrong consistently - say too bearish - they eventually flip the other way and become too bullish.
These charts can be interesting to give you an idea of how the recent data releases have been versus market expectations. You may try to spot the turning points in macroeconomic data that drive long term currency prices and trends.
Using recent events to predict future reactionsThe market reaction function is the most important thing on an economic calendar in many ways. It means: what will happen to the price if the data is better or worse than the market expects?
That seems easy to answer but it is not.
Consider the example of consumer confidence we had earlier.
One clue is to look at what happened to the price of risk assets at the last event.
For example, let’s say we looked at unemployment and it came in a lot worse than forecast last month. What happened to the S&P back then?
2% drop last time on a 'worse than expected' number ... so it it is 'better than expected' best guess is we rally 2% higher
So this tells us that - at least for our most recent event - the S&P moved 2% lower on a far worse than expected number. This gives us some guidance as to what it might do next time and the direction. Bad number = lower S&P. For a huge surprise 2% is the size of move we’d expect.
Again - this is a real limitation of online calendars. They should show next to the historic results (expected/actual) the reaction of various instruments.
Buy the rumour, sell the factA final example of an unpredictable reaction relates to the old rule of ‘Buy the rumour, sell the fact.’ This captures the tendency for markets to anticipate events and then reverse when they occur.
Buy the rumour, sell the fact
In short: people take profit and close their positions when what they expected to happen is confirmed.
So we have to decide which driver is most important to the market at any point in time. You obviously cannot ask every participant. The best way to do it is to look at what happened recently. Look at the price action during recent releases and you will get a feel for how much the market moves and in which direction.
Trimming or taking off positionsOne thing to note is that events sometimes give smart participants information about positioning. This is because many traders take off or reduce positions ahead of big news events for risk management purposes.
Imagine we see GBPUSD rises in the hour before GDP release. That probably indicates the market is short and has taken off / flattened its positions.
The price action before an event can tell you about speculative positioning
If GDP is merely in line with expectations those same people are likely to add back their positions. They avoided a potential banana skin. This is why sometimes the market moves on an event that seemingly was bang on consensus.
But you have learned something. The speculative market is short and may prove vulnerable to a squeeze.
Two kinds of reversalsFairly often you’ll see the market move in one direction on a release then turn around and go the other way.
These are known as reversals. Traders will often ‘fade’ a move, meaning bet against it and expect it to reverse.
Logical reversalsSometimes this happens when the data looks good at first glance but the details don’t support it.
For example, say the headline is very bullish on German manufacturing numbers but then a minute later it becomes clear the company who releases the data has changed methodology or believes the number is driven by a one-off event. Or maybe the headline number is positive but buried in the detail there is a very negative revision to previous numbers.
Fading the initial spike is one way to trade news. Try looking at what the price action is one minute after the event and thirty minutes afterwards on historic releases.
Some reversals don't make sense
Sometimes a reversal happens for seemingly no fundamental reason. Say you get clearly positive news that is better than anyone expects. There are no caveats to the positive number. Yet the price briefly spikes up and then falls hard. What on earth?
This is a pure supply and demand thing. Even on bullish news the market cannot sustain a rally. The market is telling you it wants to sell this asset. Try not to get in its way.
Some key releasesAs we have already discussed, different releases are important at different times. However, we’ll look at some consistently important ones in this final section.
Interest rates decisionsThese can sometimes be unscheduled. However, normally the decisions are announced monthly. The exact process varies for each central bank. Typically there’s a headline decision e.g. maintain 0.75% rate.
You may also see “minutes” of the meeting in which the decision was reached and a vote tally e.g. 7 for maintain, 2 for lower rates. These are always top-tier data releases and have capacity to move the currency a lot.
A hawkish central bank (higher rates) will tend to move a currency higher whilst a dovish central bank (lower rates) will tend to move a currency lower.
A central banker speaking is always a big event
Non farm payrollsThese are released once per month. This is another top-tier release that will move all USD pairs as well as equities.
There are three numbers:
In general a positive response should move the USD higher but check recent price action.
Other countries each have their own unemployment data releases but this is the single most important release.
SurveysThere are various types of surveys: consumer confidence; house price expectations; purchasing managers index etc.
Each one basically asks a group of people if they expect to make more purchases or activity in their area of expertise to rise. There are so many we won’t go into each one here.
A really useful tool is the tradingeconomics.com economic indicators for each country. You can see all the major indicators and an explanation of each plus the historic results.
GDPGross Domestic Product is another big release. It is a measure of how much a country’s economy is growing.
In general the market focuses more on ‘advance’ GDP forecasts more than ‘final’ numbers, which are often released at the same time.
This is because the final figures are accurate but by the time they come around the market has already seen all the inputs. The advance figure tends to be less accurate but incorporates new information that the market may not have known before the release.
In general a strong GDP number is good for the domestic currency.
InflationCountries tend to release measures of inflation (increase in prices) each month. These releases are important mainly because they may influence the future decisions of the central bank, when setting the interest rate.
See the FX fundamentals section for more details.
Industrial dataThings like factory orders or or inventory levels. These can provide a leading indicator of the strength of the economy.
These numbers can be extremely volatile. This is because a one-off large order can drive the numbers well outside usual levels.
Pay careful attention to previous releases so you have a sense of how noisy each release is and what kind of moves might be expected.
CommentsOften there is really good stuff in the comments/replies. Check out 'squitstoomuch' for some excellent observations on why some news sources are noisy but early (think: Twitter, ZeroHedge). The Softbank story is a good recent example: was in ZeroHedge a day before the FT but the market moved on the FT. Also an interesting comment on mistakes, which definitely happen on breaking news, and can cause massive reversals.
submitted by kayakero to makemoneyforexreddit [link] [comments]
The need for a trading strategy in Forex markethttps://preview.redd.it/r6u8stdmeaw51.jpg?width=1320&format=pjpg&auto=webp&s=1b0292502d6e68f5c220af5a5851aeb8061b395b
Almost all trading manuals talk about the need to have your own trading strategy. First of all, the process of creating your trading scheme allows you to perfectly understand trading and exclude from it any eventuality that hides additional risk.
Profitable forex strategy: it is a type of instruction for the trader, which helps to follow a clearly verified algorithm and safeguard his deposit from emotional errors and consequences of the unpredictability of the Forex currency market.Thanks to her, you will always know the answer to the question: how to act in certain market conditions. You have the conditions of opening a transaction, the conditions of its closing, likewise, you do not guess if it is time or not. You do what the trading strategy tells you. This does not mean that it cannot be changed. A healthy trading scheme in the forex market must be constantly adjusted, it must comply with the realities of current market trends, but there must be no unfounded arguments in it.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE
Profitable Forex Strategy RedditTypes of trading strategies
The forms of a trading strategy can combine a variety of methods. However, several of the most commonly used options can be highlighted.
Three most profitable Forex strategiesImportant! These strategies are the basis for building your own trading system. Indicator settings and recommended pending order levels are for consultation only. If you do not get a satisfactory outcome in the test result or in a live account, that does not mean that the problem is the strategy. It is enough to choose individual parameters of indicators under a separate asset and under the current market situation.
1. “Bali” scalping strategyThis strategy is one of the most popular, at least its description can be found on many websites. However, the recommendations will be different. According to the author's idea, "Bali" refers to scalping tactics, as it facilitates a fairly short stop loss (SL) and take profit (TP). However, the recommended time frame is high, because the signals appear not very often. The authors recommend using the H1 interval and the EUR / USD currency pair.
The weighted linear moving average here acts as an additional filter. Due to the fact that LWMA gives more weight to the values of the last periods, the indicator in the long periods practically excludes delays. In some cases, LWMA can give a signal beforehand, but in this strategy only the moving position relative to price is important. Bearish LWMA is a buy signal, sell bullish.
The indicator is also based on the moving average, but the formula is slightly different for the calculation. Its marking is more precise (the impact of price noise has been eliminated). It allows you to identify the twists of the trend compared to the usual mobile with a slight anticipation. Trend Envelopes has an interesting property: the color of the line and its new location changes when the price penetrates its old trend line, a kind of signal.
The indicator is placed in a separate window below the chart. This is an oscillator whose task is to determine the pivot points of the trend. And it does so much faster than standard oscillators. It has two lines: the signal is dotted, the additional line is solid, but the receiver has 2 kinds of colors (orange and green).
Also Read: Make Money With Trading
Conditions to open a long position:
The arrow indicates a signal candle where a Trend Envelopes color change occurred. Note (purple ovals) that the blue line is below the orange line and goes upwards (in other cases the signal should be ignored). In the signal candle, the green DSS of momentum line is above the dotted line.
Conditions to open a short position:
Some examples where a transaction cannot be opened:
The signals are relatively rare, a signal can be expected for several days. In half the cases, it is better to control the transaction and close in advance, without waiting for profit taking. We do not operate at the time of flat. Try this strategy directly in the browser and see the result.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE
2. “Va-Bank” candle strategyThis profitable Forex strategy is weekly and can be used on different currency pairs. It is based on the spring principle of price movement, what went up quickly, sooner or later must fall. To trade you will only need a schedule on any platform and W1 time frame (although the daily interval can be used).
You should estimate the size of the candle bodies of different currency pairs ( AUDCAD , AUDJPY , AUDUSD , EURGBP , EURJPY , GBPUSD , CHFJPY , NZDCHF , EURAUD , AUDCHF , CADCHF , EURUSD , EURCAD , GBPCHF ) and choose the largest distance from the opening to the close of the candle in the framework of the week. In this to open a transaction at the beginning of the following week.Conditions to open a long position:
On this chart it is clearly seen that after each large bearish candle there is necessarily a bullish candle (although smaller). The only question is what period to take where it makes sense to compare the relative length of the candles. Here everything is individual for each currency pair. Note that a rising candle was observed followed by a few small bearish candles. But when it comes to minimizing risks, it is best not to open a long response position, as the relatively small decline from the previous week may continue.
Conditions to open a short position:
The red arrows point to the candles that had a large body around the previous bullish candles. Almost all signals turned out to be profitable, except for the transactions indicated by a blue arrow. The shortcomings of the strategy are rare signs, albeit with a high probability of profit. The best thing is that it can be used in several pairs at the same time.
This strategy has an interesting modification based on similar logic. Investors with little capital opt for intraday strategies, as their money is insufficient to exert radical pressure on the market. Therefore, if there is a strong move on the weekly chart, this may indicate a cluster of large strong traders. In other words, if there are three weekly candles in one direction, it is most likely the fourth. Here you also have to take into account the psychological factor, 4 candles is equal to one month, and those who "push" the market in one direction, within a month will begin to set profits.
Of the 5 patterns, 4 were effective. Lack of strategy, the pattern can be expected 2-3 months. But when launching a multi-currency strategy this expectation is justified. Consider swaps!
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE
3. Parabolic Profit Based on Moving AverageThis strategy is universal and is usually given as an example for novice traders. It uses classic EMA (Exponential Moving Average) indicators for MT4 and Parabolic SAR, which acts as a confirmatory indicator.
The strategy is trend. Most sources suggest using it in "minutes", but price noise reduces its efficiency. It is better to use M15-M30 intervals. Currency pairs - Any, but you may need to adjust the indicator settings.
Conditions to open a long position:
This screen shows that all three signals (two long and one short) were effective. It would be possible to enter the market on the candle by following the signal (in order to accurately verify the direction of the trend), but you would then miss the right time to enter. It is up to you to decide whether it is worth the risk. For one-hour intervals, these parameters hardly work, so be sure to check the performance of the indicators for each period of time in a minimum span of three years.
And now that you know the theory, a few words about how to put these strategies into practice.
Ready? Then let's get started!
From the theory to the practiceStep 1. Open demo account It's free, requires no deposit, takes up to 15 minutes, and no verification required. On the main page of your broker there is for sures a button "Register", click and follow the instructions. An account can also be opened from other menus (for example, from the top menu, from the commercial conditions of the account, etc.).
Step 2. Familiarize yourself with the functionality of the Personal Area. It won't take long. It is at the most user friendly and intuitive. You just need to understand the instruments of the platform and understand how the trades are opened.
Step 3. Launch the trading platform. The Personal Area has the platform incorporated, but it is impossible to add templates. Hence, the "Bali" and "Parabolic Profit" strategies can only be executed on MT4.
Characteristics of an effective Forex strategy RedditAnd finally, let's see what makes a profitable Forex strategy effective. What properties should it have? Perhaps three of the most important characteristics can be pointed out.
Conclusion. To successfully trade the Forex currency market, create your own trading strategy. Learn what's new, learn out-of-the-box trading schemes, and improve your individual action plan in the market. Only in this case, the trading results will satisfy you to the fullest. Success, dear readers!
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE
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submitted by MattPetroski to ItalicoIntegralism [link] [comments]
What Is Capitalism?Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.
The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services. The laissez-faire marketplace operates without checks or controls.
Today, most countries practice a mixed capitalist system that includes some degree of government regulation of business and ownership of select industries.
Volume 75% 2:05
Understanding CapitalismFunctionally speaking, capitalism is one process by which the problems of economic production and resource distribution might be resolved. Instead of planning economic decisions through centralized political methods, as with socialism or feudalism, economic planning under capitalism occurs via decentralized and voluntary decisions.
Capitalism and Private PropertyPrivate property rights are fundamental to capitalism. Most modern concepts of private property stem from John Locke's theory of homesteading, in which human beings claim ownership through mixing their labor with unclaimed resources. Once owned, the only legitimate means of transferring property are through voluntary exchange, gifts, inheritance, or re-homesteading of abandoned property.
Private property promotes efficiency by giving the owner of resources an incentive to maximize the value of their property. So, the more valuable the resource is, the more trading power it provides the owner. In a capitalist system, the person who owns the property is entitled to any value associated with that property.
For individuals or businesses to deploy their capital goods confidently, a system must exist that protects their legal right to own or transfer private property. A capitalist society will rely on the use of contracts, fair dealing, and tort law to facilitate and enforce these private property rights.
When a property is not privately owned but shared by the public, a problem known as the tragedy of the commons can emerge. With a common pool resource, which all people can use, and none can limit access to, all individuals have an incentive to extract as much use value as they can and no incentive to conserve or reinvest in the resource. Privatizing the resource is one possible solution to this problem, along with various voluntary or involuntary collective action approaches.
Capitalism, Profits, and LossesProfits are closely associated with the concept of private property. By definition, an individual only enters into a voluntary exchange of private property when they believe the exchange benefits them in some psychic or material way. In such trades, each party gains extra subjective value, or profit, from the transaction.
Voluntary trade is the mechanism that drives activity in a capitalist system. The owners of resources compete with one another over consumers, who in turn, compete with other consumers over goods and services. All of this activity is built into the price system, which balances supply and demand to coordinate the distribution of resources.
A capitalist earns the highest profit by using capital goods most efficiently while producing the highest-value good or service. In this system, information about what is highest-valued is transmitted through those prices at which another individual voluntarily purchases the capitalist's good or service. Profits are an indication that less valuable inputs have been transformed into more valuable outputs. By contrast, the capitalist suffers losses when capital resources are not used efficiently and instead create less valuable outputs.
Free Enterprise or Capitalism?Capitalism and free enterprise are often seen as synonymous. In truth, they are closely related yet distinct terms with overlapping features. It is possible to have a capitalist economy without complete free enterprise, and possible to have a free market without capitalism.
Any economy is capitalist as long as private individuals control the factors of production. However, a capitalist system can still be regulated by government laws, and the profits of capitalist endeavors can still be taxed heavily.
"Free enterprise" can roughly be understood to mean economic exchanges free of coercive government influence. Although unlikely, it is possible to conceive of a system where individuals choose to hold all property rights in common. Private property rights still exist in a free enterprise system, although the private property may be voluntarily treated as communal without a government mandate.
Many Native American tribes existed with elements of these arrangements, and within a broader capitalist economic family, clubs, co-ops, and joint-stock business firms like partnerships or corporations are all examples of common property institutions.
If accumulation, ownership, and profiting from capital is the central principle of capitalism, then freedom from state coercion is the central principle of free enterprise.
Feudalism the Root of CapitalismCapitalism grew out of European feudalism. Up until the 12th century, less than 5% of the population of Europe lived in towns. Skilled workers lived in the city but received their keep from feudal lords rather than a real wage, and most workers were serfs for landed nobles. However, by the late Middle Ages rising urbanism, with cities as centers of industry and trade, become more and more economically important.
The advent of true wages offered by the trades encouraged more people to move into towns where they could get money rather than subsistence in exchange for labor. Families’ extra sons and daughters who needed to be put to work, could find new sources of income in the trade towns. Child labor was as much a part of the town's economic development as serfdom was part of the rural life.
Mercantilism Replaces FeudalismMercantilism gradually replaced the feudal economic system in Western Europe and became the primary economic system of commerce during the 16th to 18th centuries. Mercantilism started as trade between towns, but it was not necessarily competitive trade. Initially, each town had vastly different products and services that were slowly homogenized by demand over time.
After the homogenization of goods, trade was carried out in broader and broader circles: town to town, county to county, province to province, and, finally, nation to nation. When too many nations were offering similar goods for trade, the trade took on a competitive edge that was sharpened by strong feelings of nationalism in a continent that was constantly embroiled in wars.
Colonialism flourished alongside mercantilism, but the nations seeding the world with settlements were not trying to increase trade. Most colonies were set up with an economic system that smacked of feudalism, with their raw goods going back to the motherland and, in the case of the British colonies in North America, being forced to repurchase the finished product with a pseudo-currency that prevented them from trading with other nations.
It was Adam Smith who noticed that mercantilism was not a force of development and change, but a regressive system that was creating trade imbalances between nations and keeping them from advancing. His ideas for a free market opened the world to capitalism.
Growth of Industrial CapitalismSmith's ideas were well-timed, as the Industrial Revolution was starting to cause tremors that would soon shake the Western world. The (often literal) gold mine of colonialism had brought new wealth and new demand for the products of domestic industries, which drove the expansion and mechanization of production. As technology leaped ahead and factories no longer had to be built near waterways or windmills to function, industrialists began building in the cities where there were now thousands of people to supply ready labor.
Industrial tycoons were the first people to amass their wealth in their lifetimes, often outstripping both the landed nobles and many of the money lending/banking families. For the first time in history, common people could have hopes of becoming wealthy. The new money crowd built more factories that required more labor, while also producing more goods for people to purchase.
During this period, the term "capitalism"—originating from the Latin word "capitalis," which means "head of cattle"—was first used by French socialist Louis Blanc in 1850, to signify a system of exclusive ownership of industrial means of production by private individuals rather than shared ownership.
Contrary to popular belief, Karl Marx did not coin the word "capitalism," although he certainly contributed to the rise of its use.
Industrial Capitalism's EffectsIndustrial capitalism tended to benefit more levels of society rather than just the aristocratic class. Wages increased, helped greatly by the formation of unions. The standard of living also increased with the glut of affordable products being mass-produced. This growth led to the formation of a middle class and began to lift more and more people from the lower classes to swell its ranks.
The economic freedoms of capitalism matured alongside democratic political freedoms, liberal individualism, and the theory of natural rights. This unified maturity is not to say, however, that all capitalist systems are politically free or encourage individual liberty. Economist Milton Friedman, an advocate of capitalism and individual liberty, wrote in Capitalism and Freedom (1962) that "capitalism is a necessary condition for political freedom. It is not a sufficient condition."
A dramatic expansion of the financial sector accompanied the rise of industrial capitalism. Banks had previously served as warehouses for valuables, clearinghouses for long-distance trade, or lenders to nobles and governments. Now they came to serve the needs of everyday commerce and the intermediation of credit for large, long-term investment projects. By the 20th century, as stock exchanges became increasingly public and investment vehicles opened up to more individuals, some economists identified a variation on the system: financial capitalism.
Capitalism and Economic GrowthBy creating incentives for entrepreneurs to reallocate away resources from unprofitable channels and into areas where consumers value them more highly, capitalism has proven a highly effective vehicle for economic growth.
Before the rise of capitalism in the 18th and 19th centuries, rapid economic growth occurred primarily through conquest and extraction of resources from conquered peoples. In general, this was a localized, zero-sum process. Research suggests average global per-capita income was unchanged between the rise of agricultural societies through approximately 1750 when the roots of the first Industrial Revolution took hold.
In subsequent centuries, capitalist production processes have greatly enhanced productive capacity. More and better goods became cheaply accessible to wide populations, raising standards of living in previously unthinkable ways. As a result, most political theorists and nearly all economists argue that capitalism is the most efficient and productive system of exchange.
Capitalism vs. SocialismIn terms of political economy, capitalism is often pitted against socialism. The fundamental difference between capitalism and socialism is the ownership and control of the means of production. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production. However, other differences also exist in the form of equity, efficiency, and employment.
EquityThe capitalist economy is unconcerned about equitable arrangements. The argument is that inequality is the driving force that encourages innovation, which then pushes economic development. The primary concern of the socialist model is the redistribution of wealth and resources from the rich to the poor, out of fairness, and to ensure equality in opportunity and equality of outcome. Equality is valued above high achievement, and the collective good is viewed above the opportunity for individuals to advance.
EfficiencyThe capitalist argument is that the profit incentive drives corporations to develop innovative new products that are desired by the consumer and have demand in the marketplace. It is argued that the state ownership of the means of production leads to inefficiency because, without the motivation to earn more money, management, workers, and developers are less likely to put forth the extra effort to push new ideas or products.
EmploymentIn a capitalist economy, the state does not directly employ the workforce. This lack of government-run employment can lead to unemployment during economic recessions and depressions. In a socialist economy, the state is the primary employer. During times of economic hardship, the socialist state can order hiring, so there is full employment. Also, there tends to be a stronger "safety net" in socialist systems for workers who are injured or permanently disabled. Those who can no longer work have fewer options available to help them in capitalist societies.
Mixed System vs. Pure CapitalismWhen the government owns some but not all of the means of production, but government interests may legally circumvent, replace, limit, or otherwise regulate private economic interests, that is said to be a mixed economy or mixed economic system. A mixed economy respects property rights, but places limits on them.
Property owners are restricted with regards to how they exchange with one another. These restrictions come in many forms, such as minimum wage laws, tariffs, quotas, windfall taxes, license restrictions, prohibited products or contracts, direct public expropriation, anti-trust legislation, legal tender laws, subsidies, and eminent domain. Governments in mixed economies also fully or partly own and operate certain industries, especially those considered public goods, often enforcing legally binding monopolies in those industries to prohibit competition by private entities.
In contrast, pure capitalism, also known as laissez-faire capitalism or anarcho-capitalism, (such as professed by Murray N. Rothbard) all industries are left up to private ownership and operation, including public goods, and no central government authority provides regulation or supervision of economic activity in general.
The standard spectrum of economic systems places laissez-faire capitalism at one extreme and a complete planned economy—such as communism—at the other. Everything in the middle could be said to be a mixed economy. The mixed economy has elements of both central planning and unplanned private business.
By this definition, nearly every country in the world has a mixed economy, but contemporary mixed economies range in their levels of government intervention. The U.S. and the U.K. have a relatively pure type of capitalism with a minimum of federal regulation in financial and labor markets—sometimes known as Anglo-Saxon capitalism—while Canada and the Nordic countries have created a balance between socialism and capitalism.
Many European nations practice welfare capitalism, a system that is concerned with the social welfare of the worker, and includes such policies as state pensions, universal healthcare, collective bargaining, and industrial safety codes.
Crony CapitalismCrony capitalism refers to a capitalist society that is based on the close relationships between business people and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the government in the form of tax breaks, government grants, and other incentives.
In practice, this is the dominant form of capitalism worldwide due to the powerful incentives both faced by governments to extract resources by taxing, regulating, and fostering rent-seeking activity, and those faced by capitalist businesses to increase profits by obtaining subsidies, limiting competition, and erecting barriers to entry. In effect, these forces represent a kind of supply and demand for government intervention in the economy, which arises from the economic system itself.
Crony capitalism is widely blamed for a range of social and economic woes. Both socialists and capitalists blame each other for the rise of crony capitalism. Socialists believe that crony capitalism is the inevitable result of pure capitalism. On the other hand, capitalists believe that crony capitalism arises from the need of socialist governments to control the economy.
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https://preview.redd.it/5mv99mcgf9641.jpg?width=259&format=pjpg&auto=webp&s=9e0f9b9c0272d594113b2bde74a37c880b665812submitted by AlisaDowdy to Crypto_ICO_Investing [link] [comments]
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ANN Thread: https://bitcointalk.org/index.php?topic=5161544
A generation ago, Deng Xiaoping postulated to his great country – “To get rich is glorious”. No better quote can be used as a definitive description of what the modern world is all about – the modern world that revolves around technologies. Taking inspiration from Deng Xiaoping’s words, and deriving from their essence, it is possible to morph his postulate into the technological realm and derive something of the like: “To develop is glorious”. However, if taken one step further and adapted even further to what modern users have come to expect from technologies, the semantics gives us a more accurate phrase – “To develop something that generates profit is glorious”.submitted by MoonTrader_io to Moontrader_official [link] [comments]
There has never been a time in human history when trade did not occupy the determining role in human interactions and political ventures. The facilitation of trading environments for native traders was the key goal of politics, military campaigns and diplomatic negotiations. Nothing has changed since then, the tools have merely evolved to facilitate trade.
The digital asset industry is the latest iteration of trading that has stepped over the restrictive entry thresholds that bar Wall Street trading houses from the 99% of humanity. Merely 1% of the world’s population has access and the means to trading traditional assets, such as commodities, futures, stocks, bonds, currencies and other tradable assets. But that state of affairs has rather sickened the remaining 99% who have access to online instruments and do not have the exuberant monetary reserves needed to access traditional trading houses and platforms.
This is where cryptocurrencies came in around 2013 as an affordable, highly volatile accessible, transparently traded and most importantly profitable asset that has been placed in direct opposition to traditional tradable assets. Since 2013, over 40 million people around the world have confessed to having opened at least one cryptocurrency wallet. People are starting to understand that the cryptocurrency industry is developing fast, and it is the market that can be construed as the next generation of profit-generating platforms.
It’s All About The Benefits
A profitable market is not one that is stable, but one that is highly volatile, as it is the price changes that generate income for holders of assets slated for trading. However, to be able to generate any kind of profit, it is not enough to just hold a certain amount of tradable assets in a wallet, but to have access to a convenient, user-friendly, transparent, high speed and versatile platform that would facilitate trade of said tradable assets and open gateways between sellers and buyers.
Forex, TradingView and other platforms have existed as the mainstays of trading on conventional markets for years, but now the time has come for a new generation of digital asset trading platforms capable of catering to the needs of cryptocurrency traders.
MoonBot is the blockchain platform for cryptocurrency trading that has reached and even exceeded the expectations of traders with its product offering. MoonTrader is a unique combination of advanced tools, such as trading bots and traditional analytical instruments that allows for extremely fast order execution and offers a variety of charts that allow users to have a better understanding of the market. It is the comprehensive approach to trade automation and the market dynamics analysis that makes the MoonTrader terminal the most comprehensive, wholesome, and advanced cryptocurrency trading platform on the market.
The heart of MoonTrader is its intuitive and advanced trading dashboard that grants users access to the instruments necessary for programming trading bots to suit any trading strategy and market behavior. By relying on the array of analysis instruments available and having a full view of market volatility and dynamics, users of MoonTrader can tailor their trading strategies with a variety of listed cryptocurrencies and have insight into market movements on the basis of chart indicators.
The MoonTrader development team is fully vested in the process of perfecting their product, as the project ICO has been successfully concluded and more than enough funds were raised to dedicate all of the team’s attention to the development of a new product. The logical next step for the advancement of MoonTrader is the launch of a strong marketing campaign that would prepare the project’s audience for the release of the product that is scheduled for Q1 of 2020.
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The development team is also developing the code that would allow users to place buy and sell orders directly on the exchange, bypassing the need to wait extra milliseconds for transactions to pass, thus saving valuable time that often means the difference between gain and loss in trading.
It Is Time
When it comes to convenience and transaction speeds, cryptocurrencies beat any other asset by a mile. But when it comes to trading them, MoonTrader beats any other platform by a long shot with its transaction processing speeds, automation and arrays of analytical instruments. Don’t lag on profits, just join MoonTrader.
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Originally posted on our blog.
submitted by bboossmmaann to BlockchainStartups [link] [comments]
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ANN Thread: https://bitcointalk.org/index.php?topic=5161544
Bitcointalk username: bosunbossman
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1197648;sa=summary
submitted by tradeio to u/tradeio [link] [comments]
TIO Markets: the next-generation of FX trading.
Q : If TIOMarkets is the first company to offer FX trading using crypto, why don't we switch the domain to dot com (.com) instead of dot uk (.uk) ?A >> We are switching to dot com (.com). The website is still in progress. What you see now is not the website that we are going to be launching with. So, don't worry about that.
Q : What is the symbiosis between the tradeio and TIOMarkets?A >> The biggest thing that I want to mention is the Liquidity Pool. Although there's different companies, and there's different entities, the registrations are completely different. Even the platforms are different between TIOMarkets and tradeio. However, what happens is as TIOMarkets gets bigger and stronger, and there's more volume, there are more clients. People are trading and the company is making money, the profit from that is going to go back into Liquidity Pool. Anybody on trade.io Liquidity Pool is going to start benefit in a big way when they start seeing that daily income get bigger and bigger. So, I would say that it’s probably the biggest symbiosis there.
Q : Tell a little bit about TIOMarkets and how we are planning to make it really big.A >> For TIOMarkets, we have been preparing for the launch for a long time and we really want to make this something very different. We have come up with innovative packages and innovative methods that appeal to traders. Without letting too much of the cat out of the bag, I just want to say that we have actually come up with certain subscription packages that really allow traders to experience some very innovative features and benefits.
Not only that, whatever that we are pushing out to our trading community, allows you to be able to trade with really low commissions. Commissions can be as low as 0 per standard lot. And spreads will be very low as well. And not only that, we are pushing out some really very innovative features.
We have actually talked to some traders about the features and they loved it. For example, one of the features is that it actually allows you to be able to (what I call), " add an undo" button for your trade. So, just imagine this scenario, imagine that you are actually trading and within the first 60 minutes of you executing your trade, if the market actually goes against you, if you actually took up insurance for the trade (for just a very small insurance premium), you will actually have the ability to undo your trade. And whatever floating losses you had will be reimbursed back to you.
Not only that, we believe that traders should be given a chance. Even if they make mistakes. So, just imagine this, within the first month of you trading with us (TIOMarkets), you somehow experience a margin call, or you lose what you put in, what we will do is that we will actually reimburse 50% of your first time deposit back for you to trade again. Why we do this is because we want to make it a point for our traders to have a second chance. We believe that everybody deserves a second chance to be able to learn as they go along. These are just some of the innovative benefits that we have come up with.
Q : How is the 10K users target going to be attained, apart from the 3 months free?A >> We are going to start on 2nd of April. We have 6 big pre-registration campaigns and each of those campaigns have a slightly different message, tone and they are going to be targeted to slightly different people target groups. So the idea is, whatever attracts you the most is the thing that helps you to click. So we've got a wide range of messaging, channels and platforms that we're using to get the message out and we are really going to go as big as we can to try and get the numbers in. We really believe that the numbers will be big for a lot of reasons.
And just to add to the previous question about what makes us different, some of here at the trade.io office have FX background. Like myself, we have been involved in FX before. We know the industry, we know what talks and what doesn't talk, we know what works and what doesn't work. We have seen that there is a lot of fatigue in the FX industry. The people are sick and tired of attempting to trade, and for various reasons (maybe that trade is not getting through, etc). Any reasons that makes it frustrating for the trader, when they just want to trade FX. And we are coming in here from this angle. We know the industry, we know what's possible and what not possible from a brokerage perspective. We are going to try to completely overcome any of those issues. Our solution to that problem is essentially the subscription package.
Here's the theory, that you are trading and where your usual FX brokerage is taking out their commission (maybe they are paying commissions for IB, maybe they are widening the spread, maybe they are taking money from here to try and meet their other target they've got). We are saying that none of that. We are not taking anything out. Our subscription package is very transparent. It is once per month at a fixed cost, you know what exactly that cost is and it is at very good price. And thereafter, your trading is essentially free. This will be really cheap and there will be big savings to be made.
This isn't anywhere else in the FX industry at the moment. It will be completely unique to us and it will be something that is extremely attractive to season traders. And for the millennials or the aspiring traders (who don't know how to trade yet), it will be appealing as well because we are saying we know what the issues are, we know what the problems are in FX. If you trade with us, thing are clear, things are clean. We'll support and educate you and you will have a much better overall experience.
That’s our positioning. Aside from that, we've got the FCA Regulation, which is absolutely huge. I'm just personally speaking having worked for a couple of FX companies in the past that didn't have the FCA Regulation, it was always something that clients keeps asking for. So that is one that is really significant for us.
**Terence adding in to Helen's explanation >> Coming from the viewpoint of a lot of us have in the FX industry, one way or another, we really want to come from the angle where we want to be able to create a perfect trading environment for traders. At this point of time we are putting the focal point on our traders creating an environment which is great from them in terms of trading and not like other brokers out there where the emphasis is mainly on profit. Whatever we do such as the subscription packages and the other innovative features that we have are all from the view of a trader.
Q : What makes us stand out from the competitors?
A >> Its going to be our subscription package that isn't available anywhere else. Secondly would be the TIO reimburse (that's what Terence talked about before).Next would be the TIO Shield. That is our fancy name for the really cool feature whereby if you trade on a specific currency pair and if it all goes wrong, you will get your money back (essentially minus a small premium). These are the 3 big points that differentiates us aside from the other stuffs I've said about our tone and angle.
Q : Should we expect TIOMarkets to be fully operational on the 9th of April?
A >> We are opening the doors for pre-registration on the 2nd of April. We've got a little surprise campaign coming out a little earlier than that. That's all I'll say about that for now but then there are 10,000. We don't know exactly when that will be. We believe that it will be sooner rather than later. Even so, one week wouldn't be long enough, so give us a couple of weeks and then we will fully open the doors and let you know when that will be.
Q : The profit for trade.io will just come from the subscription and not from the spreads?
A >> It comes from both, actually. The profit from the company comes firstly from the subscription packages. And then secondly, we are going to be offering what I am calling an "ala carte" option which is maybe you don’t want to pay monthly, that's fine. You can just trade on-the-go as you go. And the spreads will be a little wider but we're going to be fully transparent and honest about that. So, it's your choice which you prefer to trade.
** Additional point from Helen >> It is going to be green (beginner) user friendly and we're creating some pretty cool educational packages. Pretty much everything we're doing, we are saying right. What is different to what we've done before, what is different to how the others are doing it. How can we make it more interesting, less jargony and more fun. Thus it will be definitely friendlier to new users.
Q : Who is our liquidity provider?
A >> that is way out of the marketing remit perhaps. We (Helen and Terence) are unable to answer that.
Q : What is our plan to get partners onboard?
A >> We actually have a very big plan in terms of having joint venture partners and affiliate onboarding because we believe affiliates are going to play a very big part of our whole entire strategy. So we actually have plans that will be launched in Phases.
We'll be paying our joint venture partner and affiliates CPA commissions. Those of you who are in the industry will be familiar with that its Cost Per Acquisitions(CPA). So depending of the numbers of traders or clients that you refer to us and which country they are from you will be paid one time CPA commission. This is kind of controversial in the sense of we don't pay out IB commission because what is mentioned earlier, we basically want to create a great trading environment for traders and probably those of you who know that when IB commissions were paid it has to come from somewhere and very often is comes from the traders. So in our case we are just paying one time CPA commission. Later on down the road, we will launch other hybrid commission program as well. In terms of the CPA commission we'll also allow our partners to be able to have sub-affiliates as well down to about 2 tiers. In other words, not only you will be able to refer traders but you will actually be able to refer sub-affiliate as well.
Not only that, previously like Helen mentioned we actually have a lot of different funnel which we coming out with and those funnel will be made available to our affiliate as well so we'll be testing those funnels and we'll let you know whichever funnel that works, we'll provide you with the emails plus we provides you with the banners and landing pages. So all you have to do as an affiliates is to mail to our databases or however you're going to drive the traffic to your landing pages and after that the company will take over to help you convert those leads into actual clients for you.
It is really exciting in term of the partners. We are giving all the resources they need, we are making the resources as attractive as possible, to make it easiest as possible for them to make lots of money. That will help us a lot. And just as at the partnership side, we've got an exciting addition to the team over here. We've got a new Head of partnership that started with us today in fact and she is a bit of a of a big deal in FX. She has got some of the incredible contacts and networks so that we can really hit the ground when it comes to the partnership.
Q : When is our website is going to live?A >> Firstly, we are going to have what we called landing pages go live on the 2nd. They are individual pages not connected to a bigger website specifically and their purpose is specifically to lead generate. So there we will be going live. For the actual website is as you all know is a big project and a work in progress so that’s going to come a bit later.
Q : How are we going to differentiate ourselves?
A >> I've seen it three or four times now on the chat they are very worried about how we are going to differentiate ourselves. We will! You can trust that we'll because as I said we've been there and we've done that. We've been in FX before. Many of us we don’t want to be like the other brokers. We going to be different not only our offerings and our products but in the way that we express those things. From the tone to the visuals to the actual offerings. It's going to be a breath of fresh air in all aspects apart from the actual platform we're using which is a very well-known very popular platform and of course the instruments are going to be popular instruments that will also be offered by the brokers we can't differentiate there, we don't want to. So, you'll see.
Q : Will hedging be available and what is the maximum leverage available ?A >> Yes and the maximum leverage 1:500
Q : Is there any plans to collaborate with another full bright firm like another Forex firm or other to boost our trade volume?
A >> No plans to partner with another FX at this stage to boost our trading volume.
Online trading, or direct access trading (DAT), of budgetary instruments has turned out to be exceptionally well known over the most recent five years or something like that. Presently practically all money related instruments are accessible to exchange online including stocks, securities, prospects, alternatives, ETFs, forex monetary standards and common assets. Online trading varies in numerous things from conventional trading rehearses and various procedures are required for benefitting from the market.submitted by snowcartel0 to marketingservice [link] [comments]
In customary trading, exchanges are executed through a dealer by means of telephone or by means of some other imparting strategy. The representative help the dealer in the entire trading procedure; and gather and use data for settling on better trading choices. Consequently of this administration they charge commissions on merchants, which is regularly high. The entire procedure is generally moderate, taking hours to execute a solitary exchange. Long haul speculators who do lesser number of exchanges are the principle recipients.
In online trading, exchanges are executed through an online trading stage (trading programming) given by the online agent. The intermediary, through their foundation offers the broker access to showcase information, news, diagrams and cautions. Informal investors who need constant market information are given level 1.5, level 2 or level 3 market get to. All trading choices are made by the broker himself with respect to the market data he has. Frequently dealers can exchange more than one item, one market or potentially one ECN with his single record and programming. All exchanges are executed in (close) constant. Consequently of their administrations online merchants charge trading commissions (which is frequently low - rebate commission calendars) and programming use expenses.
Points of interest of online trading incorporate, completely mechanized trading process which is merchant autonomous, educated basic leadership and access to cutting edge trading apparatuses, dealers have direct authority over their trading portfolio, capacity to exchange various markets and additionally items, continuous market information, quicker exchange execution which is critical in day trading and swing trading, markdown commission rates, decision of steering requests to various market creators or masters, low capital necessities, high influence offered by intermediaries for trading on edge, simple to open record and simple to oversee account, and no geological cutoff points. Online trading favors dynamic dealers, who need to make fast and continuous exchanges, who request lesser commission rates and who exchange mass on influence. Be that as it may, online trading isn't here for all brokers.
The drawbacks of online trading incorporate, need to satisfy explicit action and record essentials as requested by the agent, more serious hazard if exchanges are done broadly on edge, month to month programming use charges, odds of trading misfortune as a result of mechanical/stage disappointments and need of dynamic rapid web association. Online brokers are completely in charge of their trading choices and there will be frequently nobody to help them in this procedure. The charges engaged with trading fluctuate impressively with specialist, market, ECN and kind of trading record and programming. Some online representatives may likewise charge inertia expenses on merchants. https://www.livingfromtrading.com/
Choose the best CFD trading platform in Netherland:submitted by topinvesto to u/topinvesto [link] [comments]
There are some best CFD Trading Platform:
1. What Can you Trade?
If you know in advance that what tradable instruments are offered by the brokers to provide the platform that will lower down your starting search quite easy. You can choose the CFD brokers Australia and global markets to access your multiple products such as forex, currencies, etc. Once this has been done, find a platform that offers these kind of the features thatcwill be your first essential step in your research.
2. Define Your Specific Needs
It is essential to establish your needs from CFD trading platform to confirm that you do not only have a trading platform which caters your needs, but it will also be helpful to reduce your costs and will also be a more straightforward platform to use.
If you are a beginner in this trade, it is a necessity to have a trading platform that will provide you a high-spirited amount of complicated features you are likely never to use? Found what fundamentals you need, the tiny extras you’d like and study what workers offer these in their platform.
3. Trading Cost
Once you have established what you want, the next step is to calculate the fees charged to use them. These can vary meaningfully amongst suppliers, and it’s therefore critical that you find out the facts accordingly. There are also some additional fees handled by trading platform providers such as software fees, account fees, data streaming fees, etc. Hidden fees are also quite dominant among various service providers to ensure you conduct thorough research, so you know exactly what you’re paying for.
4. Customer Support
Customer support in this sector is not as much popular, although it holds some significant importance. The overwhelming complexity of trading platforms, with highly complex charting features, can frequently be a frightening task to navigate through CFD Trading for beginners.This is one of those times when having excellent customer service available to assist you is a significant advantage.
submitted by Horizon_Trading to u/Horizon_Trading [link] [comments]
A New EraAlthough it might seem easy to invest in Forex nowadays, by just logging into an account with a broker, deposit some money and start actively trading; it has not always been like this, as forex industry has rapidly changed in the past three decades.
Before technology and free-floating currencies took over the industry, world currency exchanges were operating under the Bretton Woods System of Money Management. This agreement established rules for commercial and financial relations among top economies, tying their currencies to gold. Hence, a currency note issued by any world government represented a real amount of gold held in a vault by that nation. When in July 1944 delegates from all over the world sign off the pact, the main goal was to reduce lack of cooperation between countries and therefore avoiding currency wars. This process of regulating the foreign exchange brought to the foundation of the international money fund (IMF) and the International Bank of Reconstruction and Development (IBRD), today part of World bank Group.
However, in the early 70s the real-world economics outpaced the system, dollar suffered from severe inflation cutting its value by half. At that time unemployment rate was 6.1% and inflation 5.84%. Finally, in August 1971, U.S. government led by Richard Nixon took away gold standard, creating the first fiat currency and replacing Bretton Woods System with De Facto. Together with this there were other important measures taken by the USA president to combat that high inflation regime:
1971 represents the beginning of a new forex trading era, bringing this market to be the largest and most liquid in the world, with an average of daily trading volume exceeding $5trn. All the world’s combined stock markets don t even come close to this, what does this mean to you?
In an environment which is controlled by free-floating currencies moving constantly, following principles of supply and demand, there are constant and exciting trading opportunities, unavailable when investing in different markets.
In this article are shared main features of what is forex trading today and how can be an incredible new source of income for everyone who is into financial markets.
What Is Forex?Forex is the acronym for foreign exchange which intends to be a decentralized or over the counter (OTC) marketplace, where currencies from all over the world are traded 24 hours, five days a week. Main financial centres include New York, Chicago, London, Tokyo and Frankfurt for Eurozone. It is by far the largest market in the world in terms of volume, followed by the credit market. Being highly liquid is an important feature that allows traders to be able to enter and exit their positions very quickly. Nevertheless, while trading forex, an investor should be aware of several components:
Dynamicity – forex is an extremely fast environment, this means that currency rates can move very fast, influenced by price action signals and fundamental factors. Therefore, going into forex trading, one needs to be aware of adopting serious risk and money management strategies in order to be effective, limiting losses.
Zero Sum Game – trading forex is not like investing in the stock market but is known to be a zero-sum game. For example, going into the equity market buying some tech shares, they could both rise or decrease in value. In forex is different because currencies work in pairs; for instance, an investor decides Euro will go up he or she is doing it against another currency. Thus, in this specific marketplace one currency will rise while the other will fall, meaning an investor is buying the currency hoping it will appreciate to the other, or selling the one that will depreciate.
See image below:
Figure 1: Main traded currency pairs
Currency pairs are composed by a base and a price currency. Main forex trading principle is how much price currency an investor can buy using 1 unit of the base, thus, the base currency, which is the first one in line within the quotation, is always equal to 1.
Because like every financial instrument currency pairs are driven by fundamentals of supply and demand, forex is intensively influenced by geopolitical and macroeconomic factors.
Capital Markets – these are the most visible indicators of a country economic health, where usually the healthier the economy the stronger the currency. For example, a rapid sell-off from a country will show that nation is not economically stable, subsequently investors will think negatively of it depreciating its currency.
Moreover, many countries are sector driven, this means that their currencies are strictly correlated with certain resources. For instance, Canada which is a commodity-based market, CAD is strictly linked to price of Brent and metals, a swing in those will affect the Canadian currency.
Finally, credit market is also connected to forex since also relies heavily on interest rate so, a change in bond yield will have major impact on currency prices. like increase in yield will favour bullish market for USD
International Trade – Trade levels serve as a proxy for relative demand of goods from a nation, a country which goods and services that are in high demand internationally, will experience an appreciation to its currency. This is an effect driven by all other countries converting their currencies into the one of that state to purchase its goods and services. Let’s say a product from USA is in high demand globally, all the other countries must sell their currencies to buy dollars to then see their goods shipped, thus USD will appreciate.
Trade surplus and deficit also indicate a nation competitive standing in international trade. Countries with a large trade deficit are usually importers resulting in more of their currencies being sold to buy goods worldwide, thus they will see their currencies devaluate.
Geopolitics – The political landscape of a nation places a major role in the economic outlook for that country and consequently, the perceived value of its own currency. Beside building up price action strategies, based purely on price levels, forex traders constantly look at economic calendars and news to gauge what could move currencies. A geopolitical event which is having a great impact on GBP, is the election of Boris Johnson as UK prime minister, driving the local currency to 2 years low, yesterday 29th of July 2019. Therefore, when investors observe instability from a nation political environment, there are high chances that the currency of that country will depreciate.
Why Trading ForexBeside swapping from a gold standard to free-floating, which change the whole forex trading game, technology is another crucial factor that helped this financial sector to spread globally. With the introduction of internet in the 90s forex opened to retail investors giving access to various trading platforms. The introduction of online platforms and retail investments have increased forex market volume by 5%, up to $250bn of its daily turnover. Different traders may have different reasons for selecting forex, however, mostly is because this is a fertile market plenty of daily opportunities to gauge price action and profit from it.
VolatilityHow traders profit from trading forex? Basics of trading are rather simple to understand. An investor buys an asset at a certain price hoping to get rid of it for a higher price. The more volatile is the market for that specific financial instrument, the more revenue is possible to make. Therefore, a trader is looking for long up and down moves rather than market fluctuating sideways.
Volatility is great in forex and a trader can expect to regularly see prices oscillating 50-100 pips on major currency pairs almost any day of the week. Yet again, due to this enormous constant fluctuation, potential losses or gains can be very high thus, rigours money management must be applied to avoid major damages and become a profitable trader. To conclude, volatility is the main characteristic investors are looking at and that is why it is one of the main feature traders can take advantage.
See image below:
Figure 2: FDAX Volatility, H4 (30th May 2019, 16:00, 30th July 2019, 16:00)
Accessibility & TechnologyWhile volatility is the most important element out in the market that tell us why forex is the best market to trade, accessibility comes straight after. This market is more accessible than all the others, trading forex requires an online desk position and as little as $100 to start off an account.
In comparison with the other financial markets, forex requires a rather low trading capital. Moreover, trading forex can be easily accessible from your PC, tablet or mobile since most of retail broker firms operate online. Although, accessibility cannot tell the quality of the market by itself, it definitely shows a reason why many investors try their first trading experience on forex.
Also, the rapid introduction of technology since the 90s, made trading much easier. There are every year more advanced online platforms to trade on with many possible updates and that is why trading forex is edging for many global investors.
Forex PlayersBefore the introduction of free-floating currency and more importantly cutting hedge technology, forex was a market that could have been traded only by institutional investors. Nowadays however, even retail and individual investor can take advantage of the huge volume forex offers every day.
Interbank market is the major responsible for the high volume registered daily in forex. This is the place where banks exchange currency among each other, facilitating forex transactions for customers and speculate for their trading desks.
Central banks representing their nation’s government, are crucial in forex. They oversee monetary and fiscal policies having massive influence on currency rates. A central bank is responsible for fixing the price level of its native currency on the market, in other words they take care of the regime currencies will float in the open market.
Portfolio managers and hedge funds are the second investors in forex after central and investment banks. They are hired by huge institutions such as pension to manage their assets. However while portfolio managers of pool funds will buy currency to speculate on foreign securities, hedge funds execute speculative trades as part of their strategies.
Also international corporation play a big role in forex. Those firms operating globally, buying and selling goods and services are involved in forex transactions daily. Imagine an American company producing pipes that imports Japanese components and sell the finished product to China. After the sale is closed the CYN must be converted back to USD, while the American company must exchange USD into JPY to repay for the components supply.
Moreover, company involved in international trade have an interest in forex in order to hedge the risk associated with currencies fluctuations making several foreign exchange transactions. For instance, the same American company might buy JPY at spot rate, or enter a swap agreement to obtain JPY in advance, overtaking the risk of the Japanese currency to rise in the future. Therefore, forex become crucial to run companies with many subsidiaries and suppliers all over the word.
Individual & Retail Investors
Even though this investor cluster brings to forex a very limited volume compared to financial institutions and corporations, it is rapidly growing in numbers and popularity. These base their trades on a mixture of fundamentals and technical analysis.
Bottom line, main reason why forex is the most traded market in the world is because gives everyone, from top financial institutions to retail and individual trades, opportunities to make returns on capital invested from currencies price fluctuations related to global economy.
o Different Kinds of Inter-Bank Forex Markets o Highly Traded Markets - Cash/OTC o Nature of Transactions o Cross Border Currency Flows o Liberalization of Exchange Control o Role of Banks in Forex Market o Factors Impacting Forex Market o Convertibility and BOP Forex Concepts: o Exchange Rate Quotes o Factors affecting Exchange Rates o Exchange Rate Mechanism o Spot and Cross and Forward ... Both may intervene in the market occasionally. Today, however, these authorities manage exchange rates and implement exchange controls in various ways. In India, however, where there is a strict exchange control system, there is no foreign exchange market as such. The following are the important functions of a foreign exchange market: 1. To ... The forex market has a very low trading cost. In these markets, there are no commissions like in case of any other investments. Any difference between buying and selling prices of currencies is the only cost of trading in the forex market. As there are low costs then the possibility of incurring losses is also minimum thereby making it possible ... Different forex traders work with different trading strategies while predicting or making speculations in the forex market. Various trading techniques adopted by forex traders are majorly based on the knowledge of the forex market (being a beginner or an expert trader) and the trading strategy that fits his/her goals. The following will discuss the basic types of forex traders found in the ... The foreign exchange regulations of various countries generally regulate the forward exchange transactions with a view to curbing speculation in the foreign exchanges market. In India, for example, commercial banks are permitted to offer forward cover only with respect to genuine export and import transactions. Forward exchange facilities, obviously, are of immense help to exporters and ... Range of instruments and timeframes: If you’re just starting out in the world of forex trading, chances are you’d like to take it slow and cautious, trading a select few currency pairs to begin with. But over time, as you get more confident, you may like to experiment with placing different kinds of trades and trying your hand at earning more profits. For this, you will need a forex ... A forex market is not always favourable and involves various kinds of risks. These can be seen as its drawbacks and are elaborated below: Leverage Risks: Leverage refers to loan in other terms. Forex market initiates the leverage of up to 20 to 30 times the investment capacity of the traders or speculators, which may even lead the loss of the entire amount of the investor. Counterparty Risks ... The Forex market often combines different financial markets. For example, you can trade various CFDs, such as metals, oil, shares and stock indexes at LiteForex, thus starting your career in the financial markets. Functions of the financial market. The financial market plays an important role in our modern civilized society. It aims to mobilize capital, distribute it between industries ... The “FX” market, also called the Forex market, is a worldwide network of currency traders who work around the clock to complete these transactions, and their work drives the exchange rate for currencies around the world. Spot Market. These are the quickest transactions involving currency in foreign markets. These transactions involve immediate payment at the current exchange rate, which is ... The $4 trillion dollar Forex market witnesses a lot of market participants. However, all of these participants have different motives. An understanding of these motives is required to predict their behavior in the markets. Also, some of these participants have deeper pockets, better information and are more active than the others. Therefore, any student of Forex trading must be aware of the ...
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