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General Category => Tutorial and Seminars (Basic&Advanced) => Topic started by: Newswire on August 14, 2018, 11:57:20 AM
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The non-random way to trade How to create and implement your strategy
In this series of forex webinar video we will guide you though the process of identifying your supposed trading niche, asking right questions and exploring your personal strength. Every trader recognizes the need for a strategy to be able to consistently capture profit from the market. Too many traders reduce their strategy to rules of entry, exit and position management. And, what is worse, they just take somebody's strategy and try to blindly apply it in their own trading. Yet, it may be useful for learning purposes, it alone can't help you produce stable profit. All successful traders have designed their own strategy suiting their character, risk tolerance and personal strengths.
Trading strategy can be either mechanical or discretionary or both. Do you need to be 100% mechanical trader, or do you need to have more flexibility in decision making process? Regardless of the type of your preferred trading strategy (mechanical or discretionary), you will have to identify your trading niche. Drifting between trading styles will affect negatively on your performance, at least before you obtain enough experience. So, you will have to stick to one trading style at a time.
What type of trader do you intend to be? Do you want to be a position trader, or short-term momentum trader, or maybe you want to be counter-trend scalper? Every trading niche has its advantages and drawbacks, as well as specific parameters of a “norm” (proft factor, proft/loss ratio per trade etc.)
(Back to tutorial list (https://globaleasyforex.com/index.php?topic=165.0))
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Thank you
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To assuage trade, the bank created the nostro (from Italian, this translates to "ours") account stamp album which contained two columned entries showing amounts of foreign and local currencies; instruction pertaining to the keeping of an account following a foreign bank.
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That is great.
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nice
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Forex is very great market for traders. According to the Bank for International Settlements, the preliminary global results from the 2019 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $6.6 trillion per day in April 2019. This is up from $5.1 trillion in April 2016. Measured by value, foreign exchange swaps were traded more than any other instrument in April 2019, at $3.2 trillion per day, followed by spot trading at $2 trillion.
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Interesting topic.
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What is foreign exchange trading?
Foreign exchange trading is buying another currency while selling another currency.
What is foreign exchange trading?
The foreign exchange market is one of the most widely traded markets in the world, with an average daily transaction volume of more than 5 trillion dollars. It is one of the largest and most liquid financial markets in the world, and different currencies are continuously exchanged when individuals, companies and organizations carry out global business. There is no centralized location or exchange in the foreign exchange market, so from Sunday evening to Friday evening, you can trade 24 hours a day.
Forex trading allows you to take full advantage of the exchange rate fluctuations of a large number of foreign currency pairs. Forex is usually traded in pairs-for example GBP / USD. You speculate that the currency price of a country will rise or fall relative to the currency price of another country, thus opening positions accordingly.
Base currency and relative currency
Taking the pound / dollar currency pair as an example, the first currency, pound sterling, is called "base currency"; the second currency, dollar, is called "relative currency".
How to operate foreign exchange transactions?
When trading foreign exchange, you usually guess whether the price of the base currency pair will rise or fall relative to the currency. So, in the currency pair GBP / USD, if you think the GBP will rise against the USD, then go long (buy) the currency pair. Conversely, if you think the pound will fall against the dollar (or the dollar will rise against the pound), then short (sell) the currency pair.
If you are right (that is, if you go long for GBP / USD, the value of GBP to USD rises), you will be profitable. But if the transaction is against you, you will lose money.
You can use leverage for foreign exchange transactions, it will increase your potential gains, but it will also expand your potential losses.
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Enter online forex trading. How to start forex trading.
It is because of the emergence of the Internet that you can trade on the foreign exchange market in the same way as traders from the largest banks and investment funds.
You only need a computer connected to the Internet and a trading account opened at a foreign exchange broker to get involved in trading.
The best broker for forex trading around the world is Exness. Which is a powerful broker that many profitable forex trader use.
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How to create a Forex trading strategy?
When trading Forex, the term strategy or many people use the term trading strategy is very important. Because it is a plan for trading But which plan will make a trader successful? Today, there are ideas for creating a girlfriend that will enable us to create our own plan to suit our own behavior.
The video in this post shows how to build a good Forex trading strategy.
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I like this
The non-random way to trade How to create and implement your strategy
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This is great for people who wonder what are must have forex indicators.
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I love this explaination of forex ideology.
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Yes this is the great way ;D
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Thanks.
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Thank you.
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The Dollar Index, which measures the dollar's movement against the six major currencies in the money basket. It hit its lowest in more than two and a half years today by the dollar, a safe-haven currency. It was not driven by today's lower-than-expected employment figures.
As of 10:34 GMT, the dollar rose 0.28% to 104.12 yen, while the euro rose 0.33% to 126.48 yen and rose 0.06% to $ 1.215. The dollar index was down 0.06% to 90.650 after touching the level. 90.471, the lowest level in more than two and a half years.
Considering this week The dollar index was down 1.4 percent, its biggest decline weekly since early November.
The US Department of Labor reported. The number of non-farm payrolls rose to just 245,000 in November. Below analysts had predicted 440,000 and below 610,000 in October. Affected by the spread of the COVID-19 virus.
The unemployment rate fell to 6.7 percent in November, in line with analysts' expectations. After reaching 6.9% in October.
The dollar is also pressured by progress in developing a vaccine against COVID-19. Including the trend of issuing US economic stimulus measures Which makes investors turn to buy a currency that is a risky asset.
US House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell Discussed yesterday About US economic stimulus measures to mitigate the effects of the COVID-19 outbreak. Including budget legislation to avoid government shutdowns (shutdown)
Both Pelosi and McConnell expressed their hope that Congress could reach an agreement on stimulus and budget legislation by Dec. 11, which is the final day. Before the US government has to face a shutdown.
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Many traders in imitation of to see themselves as professionals or issue people. Most Forex traders get not see themselves as gambling once they are trading.
Many of these people are matter people or industry professionals outside of trading and have high faculty job roles. When it comes to trading however, the actions that most traders taking office are far away and wide away from beast professional and lean more more or less the side of a gambling.
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Happy and rich ;D
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Learn Forex trading strategies with Dale Woods - A specialist in Price Action Trading Strategies! Focusing on swing trading methodologies. First of all DON'T DON'T DON'T invest your Pension Fund in Forex or any other Leveraged Financial Product. Anyone who has Passion for Trading, Patience..
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After using random numbers to generate charts, I was astonished at how One of the most famous supporting work for the randomness theory is Eugene Fama's article Random Walks In Stock Market Prices. I can understand that randomly selecting can give you winning trades and you can even make a profit, but as the FX market is not totally random you easy answer is NO. Unfortunately, in the Forex wars, that's exactly what we have been doing. The very terminals we use and the tools provided with that.
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The long-term investment finance game is simple in the way of thinking. But it's hard in the way of doing it. Therefore, it is the reason that few people who come to invest in the financial market and investment will achieve a high level of success. Most of them will be able to make some profits, some draws, some losses, and there are some who like to play hard to make huge losses until they have to leave the market. In our article, we would like to present the aspect of investment psychology. that can be applied Whether it is an investor or a speculator. will be an uptrend market Downtrend or swing in the frame because this is a mind set or a long-term positive attitude.
Let's start with 5 simple things that we should focus on throughout investing. No matter how much experience you have, you still have to do it and always be aware of these 5 things. This is not something that we only come up with ourselves, but it is something that many investors use. It is considered as a protective talisman throughout the journey in the investment world. (Based on Mark Minervini's book Think & Trade Like a Champion: Think and Trade Like a Champion)
Always move forward with a plan. Each asset has different volatility, risks, and factors. So planning ahead is the most important thing. But it must be separated between planning in advance and making predictions or predicting the future. Anticipating the future of investing, for example The price must be reached only in the next 3 days and should arrive at 5:03 PM, so we will buy now to sell at 5:03 PM. This kind of condition is definitely not possible. (But there are always people trying to predict the future.) Planning in this sense is Taking into account the possibilities of each situation and think in advance if that happens what do we do What if this happens?
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Best topic to learn about forex
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Best clip.
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Thank you.
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graetat
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fopre x cx KBank Market Watch. 13 December 2016. Disclaimer:with an unlicensed broker does not provide protection in the event of broker fraud. The most common sign of broker scam or Forex trading scam is tDiskuse k blogům; »; asdf ... Forex je obchodování s cizími měnami (forex trading) a je zároveň největším a také nejlikvidnější For private circulation only. The foregoing is for informational purposes only and not ry needed to develop a solid rationale for its proposal for developing the high - performance FX fighter based on supportabled
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FED'S MESTER SAYS ECONOMY IS STRONG; PRODUCTIVITY GROWTH POSITIVE FOR ECONOMY
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Finance and wealth management clients around the world have improved their overall customer satisfaction scores after working with us.
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What are some reasons for hedging?
The primary motivation to hedge is to mitigate the potential loss to an existing trade in the event that it moves in the opposite direction from what you want. Assuming you think your trade will go in the opposite direction than you want over a period of time, there can be a variety of reasons why you might want to hedge rather than close, including:
Over concentration. You may have significant exposure to a specific investment (eg, company stock) and want to hedge some of the risk.
Fiscal implications. You may not want to have a taxable event created by selling a position.
Unrelated to individual investors, hedging by companies can help provide greater certainty of future costs. A common example of this type of hedging is airlines buying oil futures several months in advance. Airlines hedge costs, for the most part, so they can better budget for future costs. Without hedging, airline operators would have significant exposure to volatility in oil price changes.