Scalping or short-term trading is a trading strategy that the trader will trade small profit but in high frequency, maybe 10-100 or more times daily. It is based on the notion that a currency is very fluctuate, so it would be better to take small profit from small movement than to take large profit.

Author Topic: Forex Trading with market profile - Part1  (Read 4810 times)

Newswire

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on: August 14, 2018, 11:59:26 AM
Forex Trading with market profile - Part1

For watching this video you should have at least one trading account. If you are not. Get a trading account for free here!

Forex Webinar on 8/02/2016 by Stanislav Bernuhov, EXNESS. In this series of forex webinar video we talk about application of unconventional analytical tool that is known as “Market profile” for trading Forex. Market profile was brought to general public by Peter Steidlmayer in 1980s, first it was used mostly for trading futures on stock indices. The main difference between conventional charts and market profile is that market profile allows trader to visualize realtionship between time and price in much better way that convetntional charts do. Unlike for candlestick chart, market profile can indicate “value areas”,distuinguishing price from value, and do many other things.

Forex traders normally rarely use market profile due to lack of special tools - the majority of trading terminals for Forex traders don’t allow to build market profile. Yet, today we can build market profile in MT4 trading platform using specially designed indicator and apply it in our trading.




Kikhist

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Reply #1 on: August 31, 2018, 01:43:30 PM
Market profile help a lot in forex trading



Cramwinner

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Reply #2 on: September 25, 2018, 03:56:43 AM
 Market Profile indicator is a powerful tool developed by a CBOT trader. Its original purpose was to graphically organize price and time.



Doomdook

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Reply #3 on: November 30, 2018, 01:08:18 PM
Here you'll find forex explained in simple terms. If you're new to forex trading, we'll take you through the basics of forex pricing and placing your first forex trades.

**** Forex is from Hell ****


Sikas

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Reply #4 on: January 23, 2019, 06:40:41 PM
This makes senes



Fassee

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Reply #5 on: April 25, 2019, 11:37:38 AM
I love this forex tutorial.



joloer

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Reply #6 on: December 09, 2019, 06:21:40 AM
exness have good forex tutorials



forte

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Reply #7 on: December 15, 2019, 02:42:08 AM
The Chinese authorities have held a press conference about the progress of trade negotiations between the United States and China today. By genes that both parties can reach the first phase of the trade agreement The negotiations have made great progress. Affecting the dollar and yuan Make Forex trading easier

In addition, China also states that The United States will gradually cancel the tax on imported goods from China. Which will make the money have a certain path Easy to trade forex

In this regard, the State Council Information Office is the agency handling the said press release. There were attendees at the press conference, which was Deputy Foreign Minister Zheng Chuang Wong, Deputy Minister of Agriculture and Rural Affairs Han Chun. Including Mr. Wang Cho Wen, Deputy Minister of Commerce And the Deputy Foreign Trade Representative of China. Exness is a good broker to trade this year.



jawi

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Reply #8 on: January 16, 2020, 08:58:09 AM
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.

The $6.6 trillion break-down is as follows:

    $2 trillion in spot transactions
    $1 trillion in outright forwards
    $3.2 trillion in foreign exchange swaps
    $108 billion currency swaps
    $294 billion in options and other products



Voyante

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Reply #9 on: March 19, 2020, 03:25:01 AM
That is very good.



Piccoli

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Reply #10 on: March 30, 2020, 04:52:25 AM
I think forex trading is easier than stock trading.



simon

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Reply #11 on: April 29, 2020, 06:31:32 AM
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.




multymixWeemi

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Reply #12 on: June 26, 2020, 05:04:05 PM
This forum is very useful for stock trader and forex trader.



Yelly

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Reply #13 on: July 05, 2020, 03:46:24 AM
The Fed will freeze low interest rates until the economy recovers.

The Fed reiterated low interest rates until the economy recovers Directing monetary policy clearly

The Federal Reserve (Fed) disclosed the minutes of the 9-10 June meeting, stating that most Fed directors agree that The Fed should have a more clear explanation for financial markets. About the policy setting guidelines For the market to be more informed that What is causing the Fed to need to keep interest rates near 0% or raise interest rates?

    "Most Fed committee views that The Federal Reserve Policy Committee (FOMC) should communicate to the market. "Forward Guidance Signs Regarding Fed Rate Interest Rates And should provide more clear information regarding the purchase of securities of the Ministry of Finance And debt securities with mortgage loans (MBS) as well as providing more information about forecasting economic trends, "the report said.

The meeting report also states that Most Fed committee agreed that Acquisition of assets will help the economy recover from the effects of the covid-19 epidemic. And is also a good tool for keeping the yield curve level. While one Fed committee said that The Fed needs to push for the use of other tools. Which are possible, such as yield curve control, which will help control long-term interest rates

The minutes of the meeting stated that The Fed committee is reviewing the Fed's commitment to the era of the Great Depression. The Fed will keep the interest rate at a low level until it is confident that various conditions Is in line with the Fed's predictions The goal is to stimulate the economy to recover faster from the recession caused by the outbreak of the Covid-19 virus.

Most Fed officials have signaled that it will support the linking of interest rate policies. With specific economic data obtained Many Fed members support their commitment to keep interest rates low until the inflation rate increases to 2 percent or above the Fed's target, but there are some Fed officials that Should link the way of changing interest rates with specific unemployment rates And there are only a few directors who want to make a commitment to implementing the relaxed monetary policy Have a specific end date Like the Fed used to use the guidelines during the year 2012-2013.

While some Fed officials warn that The Fed's commitment to keeping interest rates at low levels for a long time. May create risks to financial stability

In this meeting The committee also expressed views on economic trends. The majority of Fed committee views that There is a high chance of the second round of the covid-19 virus spread. And also states that There is a risk that fiscal measures to assist households, businesses and local governments. May not be enough. In addition, the Fed committee also predicted that The US economy may face the worst recession since World War 2.

In the monetary policy meeting on June 9-10, the past. The Fed committee unanimously resolved to keep the short-term interest rates at 0.00-0.25% and confirm that the Fed will keep the interest rates at that level. Until the US economy recovered from the outbreak of the Covid-19 virus. And achieve the Fed's goal of fully hiring Including maintaining price stability

Meanwhile, the Fed will continue to increase its holdings on quantitative easing (QE). The Fed will buy US government bonds worth 80 billion dollars / month. And buy mortgage-backed debt securities (MBS) in the amount of $ 40 billion

In addition, the Fed predicted that The US economy will contract by 6.5% this year before a 5% rebound in 2021 and the Federal Reserve keeps interest rates at 0.00-0.25% until 2022.



 

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