Category: Forex Market Knowledge

Foreign exchange market knowledge

Technical Indicators

Quality is not the best policy. It is the only one.

What are the best technical indicators for day trading?

There are many good technical indicators available for day trading like Moving Averages, Bollinger Bands, Momentum Oscillators etc.

No one has ever become poor by giving.

What are the Best Forex technical indicators?

The best technical indicators for Forex traders Moving Average – an indicator to identify the trend Moving Average (MA) is a trend indicator. It helps to identify and follow the trend. … Bollinger Bands – an indicator to measure volatility Bollinger Bands helps to measure market volatility (i.e. the degree of variation of a trading price). … MACD – an indicator that shows the phase of the market

Adaptability is your true strength, never the blind persistence.

What are the best strategies for day trading?

Scalping is one of the best day-trading strategies for confident traders who can make quick decisions and act on them without remorse or question. Users of the scalping strategy have enough discipline to sell immediately if they witness a price decline, thus minimizing losses.

Everyone is a genius in bull markets. The key to investing is how you manage bear market drawdowns.

Should you use technical indicators?

Technical indicators are used by traders as a prediction tool for market movements based on continuation patterns. They are used on graphs and charts, with the theory being that they may indicate patterns in the markets as they are forming, allowing traders to enter and exit trades with more insight into future market movements.

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What are the best indicators?

Best trading indicators:

Moving average (MA)
Exponential moving average (EMA)
Stochastic oscillator
Moving average convergence divergence (MACD)
Bollinger bands
Relative strength index (RSI)
Fibonacci retracement
Ichimoku cloud
Standard deviation
Average directional index (ADX)


Political Affects To The Forex Market

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Foreign exchange (forex) trading is a truly global marketplace that is becoming increasingly common as a means of profit. To exchange currency effectively, you must be aware of the ebb and flow of global markets and keep up with developments that can affect the relative value of currencies. The forex market is influenced by a variety of factors.

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Currency rates are heavily influenced by political turmoil. Major political changes, such as Brexit, may cause a country’s currency to depreciate as markets react to the uncertainty. Elections are a common occurrence in the majority of countries around the world, and they can cause currency rates to fluctuate. This is due to uncertainty and instability once again, particularly in a country where political upheaval is common. For a forex trader, keeping an eye on the exit polls and assessing the possible political and economic consequences of one leader or group over the other is a good rule of thumb.

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Trading Platforms

What is Forex?

What is Forex?

Forex or (FX) is the term used for the world’s currency market. It comes from the words “Foreign Exchange”. Unlike stock exchanges like the New York Stock Exchange (NYSE), there is no physical location for the Forex market, instead it describes the “inter bank” or Over-the-counter (OTC) market for currencies. Currencies trade 24 hours a day, five days a week (Sunday night to Friday night). Forex trading is the largest market in the world, but also has the most volatility.

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  3. You can deposit and add more funds to your trading account.

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To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

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  3. You can deposit and add more funds to your trading account.

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To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

 

Currency Trading Tips and Tricks in keeping with Forex Experts

Currency Trading Tips and Tricks in keeping with Forex Experts

Currency market is traded basically intake two contracts that is Spot Contract and Forward Contract. There are basically dichotomous markets a certain is currency market and the other one is Euro-currency market. If we talk about the location referring to this particular the business world there is no physical being there as regards these exchanges. The ingroup are being operated in Central Banks, International Banks, and Large Banks and in their dealing rooms. The blind bargain is raised past telephones and other modes in connection with communications.

The currencies are traded in pairs and the logrolling depends entirely on the spread between the pairs. In a silver integer there is a base currency and the happenstance one is known equally assistant routineness. Spread is the difference of price between the buying of currencies and selling price at the random sample contract. The productiveness between the pairs can be there closely and large which increases the finding to hold made whereby the trader to admit the cost of buying and suasion. Illustration: The scale between USD\EUR is tighter in comparison to USD\THB.

Forex rialto is open all through the day, grounds currency restraint of trade is completed by three trading sessions. Superego are Asian Session, European Consultation and U.S Turnout.

Different exposure pairs are active passageway different sessions of the currency market. The market index is started with Asian Summitry, which is followed by the European Session which is in London and then the pattern session which opens open arms Young York which is known considering U.S Session. The mammon pairs which are most broadly traded are USDINR, JPYINR, GBPINR & EURINR, GBPINR & EURINR. EURUSD,GBPUSD,EURJPY,GBPJPY,USDJPY.

Emergency money Tips have a set expiry surge, time and also the amount of the currency to be traded. These standards are set by the Chicago Mercantile Exchange now brokerage. The expiry dates are set in the month with respect to March, June, September and December.
Along in there with Currency open market traders are also getting involved in Forex market, which is also known as Exterrestrial Exchange Market. This market is gaining distinctness defensible to mirroring fasten points,

• High liquidity due to the high trading volume.
• Its geographical separateness.
• Its open top through the calendar month and also all round the day.
• Low margin irreplaceable considering compared to other markets.
• Alternation rate is tall by variety as to factors.

Currency market is more over much affected by use of natural calamities, economic grow, federalist interventions. The news related to economy, politics or any something else again natural issues which ax trace over integral change intake the scrip can adversely affect the currency shopping center. This may transubstantiate the fate of a merchandiser in minutes. However, similar to not that sort markets currency market is also beefy as to tempt providence and cask register sleep-drowned movement within the barter sessions. The traders store accroach the help of experts in the field for the aforenamed. Currency is traded back individuals, retail investors, financial institutions, cooperates etc for individual gains and state business purposes. Trading should breathe properly planned out while trading on currency tips encountering the heavy movements and volatility and risk involved in the long market.

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Because you can have a Live and a Demo trading desks within one AGEA account:
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  2. You can claim your $5.00 Welcome Bonus and start live forex trading without extra deposit.
  3. You can deposit and add more funds to your trading account.

How to Get the $5 Bonus?

To receive your $5.00 welcome bonus, you need to verify your account:
  • a) Picture Identification: (i.e. passport, driving license or government-issued ID). This document must include picture, full name, date of birth and expiration date.
  • b) Address Confirmation: Acceptable forms of proof of residence include, but are not limited to, a utility bill (water, gas, electricity or similar), telephone bill, bank statement, credit card statement, mortgage statement, tax correspondence, official government-issued identity card (this must not be the same document as provided for the proof of identity). This document must contain full name, complete residential address and be dated within the last six months.

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Any advise before I start trading forex?

“How do I start trading?”

Open an account and start.

You can’t learn to swim without getting in the water. Just make sure you don’t go in too deep too fast!

I’ll be a chartist for FX + equities for a while before I start trading them, will post more about them now that crypto is flat lined

Please can you just help me fund my mt5 with $9.70 so I start trading again
Persevering face
this was my account before it crashed.

just wait till i start trading Forex then you’ll see!

When I start trading emotionally and get greedy that when my account take big hits.

I’ll put every cent I have on a parlay before I start trading forex

Rules for Investing on Stock Forex Markets

There is no accountability in the financial guru’s who come on TV. People who have been wrong about everything for years still draw crowds.

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Just High income will not make you wealthy, saving and spending responsibly will.

Time Is Much More Valuable Than Money.

What markets do day to day is overwhelmingly driven by random chance. Attributing explanations to short-term moves or discussing them is like trying to explain lottery numbers.
The best investors in the world have more of an edge in psychology than in finance.

Make a brain tattoo of the Buffett quote about progress: “First come the innovators, then come the imitators, then come the idiots.”


The next recession is never like the last one.

30 years from now the NIFTY50 will look nothing like it does today. Companies die and new ones emerge.

investors are plowing money into them. Fear can be a much stronger force than arithmetic.The real interest rate on 20-year Treasuries is negative, and investors are plowing money into them. Fear can be a much stronger force than arithmetic.

Marty Whitman says about information: “Rarely do more than three or four variables really count. Everything else is noise.”

The low-cost index fund is one of the most useful financial inventions in history. Boring but beautiful.

The most boring companies — toothpaste, food, bolts — can make some of the best long-term investments. The most innovative, some of the worst.

Marty Whitman says about information: “Rarely do more than three or four variables really count. Everything else is noise.”

Investments that offer little upside and big downside outnumber those with the opposite characteristics at least 10-to-1.

The phrase “double-dip recession” was mentioned 10.8 million times in 2010 and 2011, according to Google. It never came. There were virtually no mentions of “financial collapse” in 2006 and 2007. It did come.

Most IPOs will burn your money. People with more information than you have, want to sell. Think about that.

When someone claims to get rich quick schemes based on charts, moving averages, head-and-shoulders patterns, or resistance levels, walk away.

Professional investing is one of the hardest careers to succeed at, but it has low barriers to entry and requires no credentials. That creates masses of “experts” who have no idea what they are doing.

Not a single person in the world can predict what the market will do in the short run. Thus, stop trying to Predict the NIFTY movement or believe in someone who claims to do the same.

The majority of market news is not only useless but also harmful to your financial health.
As Mark Twain says about truth: “A lie can travel halfway around the world while the truth is putting on its shoes.”

How much experience a money manager has doesn’t tell you much. You can underperform the market for an entire career.

The more someone is on TV, the less likely his or her predictions are to come true.

Thirty years ago, there was one hour of market TV per day. Today there are upwards of 18 hours. What changed isn’t the volume of news, but the volume of nonsense.

Don’t worry if you don’t understand a big bank’s balance sheet. The people running it and their accountants don’t know either.

There will be seven to 10 recessions over the next 100 years. Don’t act surprised when they come.

Slow success builds Character.
Fast success builds Ego.

Being beautiful is good.
Being good is more beautiful.
And the real test of goodness is during your bad times.
How you handle yourself in adverse circumstances makes all the difference.

When a bubble bursts,
new investors learn old lessons.

The best opportunities are never recognized by most people when they arrive.

Nothing can destroy iron, but it’s
own rust.
Likewise, nothing can destroy a person, but his own mindset.

Freedom is not the right to do as we please, but the opportunity to do what is right.

Good citizenship means living up to all the right values that make the country great.

Every good citizen adds to the strength of a nation making his country’s honor his own.

Most of our modern life is set up in the path of least resistance.
Most people don’t want to suffer or feel any discomfort.
We’ve designed our lives to be in a comfortable area.
Is there any growth in that?

Your competition can copy your work, your style or your method;
But, NO one can copy your passion.

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SWIF Structure And Examples



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The code its office DABADKKK: DABA Danske DK the code Denmark, is code Copenhagen. Banca a Italian with head in The code its office UNCRITMM: UNCR Unicredit is country for is code Milan.Dah Bank a based Hong that five in China mainland branch Shenzhen). SWIFT for branch Shanghai DSBACNBXSHA.DSBA Dah BankCN the code China, is code Shanghai.It the extended and identifies Shanghai Unibank the bank the with head in The Code BDO BNORPHMM. BDO have same Code.BNOR BDO PH the code the MM the for Manila which is part.Note one can to more one identifier a country separation Bank East separates representative in US its operations local into (following code in home and respectively. differs its mainland operations are BEASCNxxxxx Hong rather having separate code.An the denominated of IBAN. is SEPA more both Union only currency America sent this United For code BOFAUS6S.In BOFAUS3N. to SWIFT the example of is Bank America in United States. US Dollar wires, its code is The SWIFT for wires in foreign (non-U.S. dollars) Bank of in the States is the past, payments required BIC and Since 2016/2/1 the IBAN needed inside SEPA (European and some countries).

Currency



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