Buy Forex System ~ advice on forex trading
FOREX INDICATOR SYSTEM COLLECTION
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Sabtu, 14 Mei 2016
How To Build a Forex RenkoTrading Strategy to Yield 40 Pips Every Day ~ forex trading practice account
As traders, we all want to have a positive cash flow, we all want to make enough money to pay for our time and work, here is a Forex Renko Trading Strategy that will help to reach that goal.
What we need is a consistent strategy, a time frame in which we are going to be at the screen to do our trading and the discipline to stick at it until we succeed.
We have to know, also, that we can not get every move in the market place. It is folly to chase every move or every trend. We can only get the moves that our strategy will point out.
I have a Forex Renko Trading Strategy method to help us to achieve a reasonable amount of profits daily.
I will lay it out in simple form, hopefully so that people can understand it and see the simplicity and be able to execute successfully.
For this exercise we will be using Metatrader 4 and setting up some Renko charts.
I will briefly cover how to get the Renko charts built.
First we will open one minute charts for several currency pairs, the majors, to start with. Of course you have your personal preferences as to which pairs you like and feel free to choose. In addition to those, open a one minute chart for the Dax index.
On to each of those charts place the EA Renko 3.4 and set the bar size to 10 pips, except for the DAX which could be about 50 pips.
This action will build an offline chart for each of those instruments, open those and shrink the one minute charts.
Now, on the M2 offline charts. for each one you are going to want to change each to a line chart and go into the properties for each chart and change the line to have no color...
Now add the Heiken Ashi bars to each chart. and now we have our work charts almost set up. You will have 5 or 8 charts ready to go.
The next step is to get the indicators on the chart, the ones we are going to use to detect our entries.
Configure your chart the same as the chart in this post, the CCI SlingShot;
You need the two CCI in the same lower chart. Have a look at that post and be sure to grasp that simple method.
Do the same for all of your offline charts, perhaps make a template after the first one and apply that template to all the rest..
I think you are seeing how this system is really simple.. We are going to trade slingshots, they happen frequently and they are so easy to spot on a chart.
Now that we have the charts set up, one more thing to do.
Have a look at this post and review the 200 Trendline Break entry. Study this one carefully.
Get used to spotting this one as it is the entry that will help you with finding a trend change.
So far, you have a trend change entry and also a continuation move entry.... in other words, when something is moving, you can capture every part of the move, and if you are careful and disciplined you are going to do very well on each move on each pair.
One more thing we have to study before we have this concept.
Have a look at this post about CCI Divergence. Study the diagram and learn to mark this divergence both long and short. This is the warning for a pending trend change in many cases.
Now you have two patterns to enter with and a divergence tool. and nice clean charts.
You can shrink the charts down a bit and probably can watch quite a few charts ion this way.
While the title of this article mentions 40 pips every day, I know from personal experience that this setup will give you a lot more than 40, especially if you are watching the DAX.
I am not sure if there is a simpler trading system than this, certainly the trades show themselves clearly and you have the indicator to give you precise entries.
I caution you against adding much to the charts, perhaps a 50 moving average, other than that leave the chart clean.
Chart clutter causes confusion and will help to make mistakes.
Please be sure to use a stop loss with every entry, that is most important!
Enjoy!
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Jumat, 06 Mei 2016
U S Trade Deficit Up to 63 4B in April ~ forex trader at home
The trade deficit is rising again after two months of declines, pushed by oil prices and a flood of imports from China. Analysts warned that global oil prices above $70 per barrel will swell the deficit more in coming months.
The Commerce Department reported Friday that the gap between what the United States sells abroad and what it imports rose to $63.4 billion in April, 2.5 percent higher than the March imbalance of $61.9 billion.
The trade deficit fell in both February and March after hitting an all-time high of $66.2 billion in January.
While economists noted that the April deficit was smaller than the $65 billion that had been expected, it was still the sixth largest imbalance on record. They said deficits in comings months were likely to be worse given the jump in global crude oil prices.
On Wall Street, stocks finished their worst week of the year as investors remained nervous over worries about inflation and interest rates. The Dow Jones industrial average fell 46.90 points Friday to close at 10,891.92, ending the week with a loss of more than 355 points.
Investors worries about inflation increased after the Labor Department reported that prices for imported goods jumped 1.6 percent in May. Excluding the big rise in petroleum products, import prices were still up 0.6 percent last month.
Read more here.
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Sabtu, 30 April 2016
Central bank to unite forex trading systems ~ what is forex api trading
The central bank is planning on combining the nations traditional foreign exchange trading system with a new system initiated last year by the end of 2006, the China Securities Journal said Saturday.
An integrated system would be the lastest in a series of reforms to increase market efficiency and monitoring, the newspaper said.
The new system was launched a year ago and allows domestic trading in eight foreign currency pairs. It is a step toward a market-based environment by allowing domestic banks to trade foreign currencies, but is separate from yuan trading.
Read more here.
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Jumat, 29 April 2016
How To Increase The Winning Probability Of Your Forex Trades ~ forex trading analysis tips in urdu
Price action trading strategies can be very potent ‘weapons’ to trade the markets with. We just have to learn to use them correctly and accurately. Most of us have a limited supply of bullets (money), so we have to make each bullet count and not waste them on low-probability targets (stupid trades).
So, how can we ‘fine tune’ our price action trading to make it into a high-probability trading ‘weapon’ so that we very rarely waste our bullets? This is your main mission as a price action trader; this mission is not an easy one and it’s going to take discipline, fortitude and the ability to pull the trigger only when your target is present. But, if you dig-deep and really want to be a profitable trader, you can make it happen.
So, without further delay, let’s get down to the business of getting your trading strategy ready to go to ‘war’ in the Forex markets:
Stop voluntarily decreasing the probability of your trading edge
Unlike lifting weights, where doing more typically makes you bigger and stronger, trading more will not make your trading account bigger or stronger. In fact, it will probably make your trading account a tiny little floundering wuss.If you haven’t read any of my other articles on trading Forex with patience, go back and do that later. For now, I will briefly explain to you why trading less frequently will make you a better and stronger trader.
The reasons are pretty simple. First off, your trading edge is not always going to be present in the market, so you have to have the patience to wait to trade until it is. This typically means you will be out of the market more than you are in it, which is of course totally contrary to what most traders do. Most traders can’t stand to be out of the market, they feel an ‘itch’ to enter a trade that will not go away until they hit that buy or sell button. So they enter a trade not based on their edge, but based on emotion instead.
The point is this, most of the trades a losing trader makes are ones born out of emotion, or because they just feel like they want to trade. If we really stick to our predefined edge, price action trading in my case, we will naturally be waiting for our edge to form more than we will actually be trading. Any high-probability edge in the market is not going to be present all the time, we have to wait for a market to ‘show us its cards’ first, and it may only do that one or two or three times per week. So, the first and perhaps easiest thing you can do to increase the probability of your trades is to stop decreasing their probability by trading when your edge is not actually present! You can do this by employing the disciplined to ONLY trade when your edge is present…in other words, stop trading just because you ‘want’ to!
Confluence is like ‘steroids’ for a price action setup
Everyone knows I teach and trade price action. However, I know from emails that I get that a lot of people who follow me think that ‘price action trading’ means trading any old price action setup; they seem to totally ignore the market context that the setups occur in, which is actually just as important, if not more than the individual setup itself. Essentially, I am talking about confluence here, and trading price action setups at confluent points in the market is really the ‘core’ of my trading philosophy. I talk a lot about trading Forex like a sniper and not a machine gunner; well, waiting for price action setups to form at confluent points in the market is HOW you trade like a sniper. Traders who just enter any PA setup they see, without considering the context it’s occurring within, are machine gunners, not snipers.There are many different ‘factors of confluence’ that I teach to my members, but for today’s lesson we will just stick with horizontal and dynamic support and resistance levels in order to illustrate the point. I use the 8 and 21 daily EMAs for dynamic support / resistance, and horizontal support / resistance levels are simply your classic technical analysis support and resistance levels that connect highs to highs and lows to lows.
To trade with confluence, we want to first scan the markets for an obvious, or well-defined, price action setup. If we find a setup that meets our criteria, we then look to see if it has any supporting factors of confluence.
In the chart below, we can see 3 price action setups that each has three supporting factors of confluence. All three of these setups had confluence with the near-term bullish momentum / trend, dynamic support from the 8 and 21 day EMA layer, and support from a horizontal (static) price level. This is one example of trading price action setups from confluent levels in the market.
To contrast, here’s an example of two price action setups that were well-defined but didn’t have any obvious supporting factors of confluence…
In the chart below, we can see two very good looking bullish pin bar setups. Now, the obvious problem with these pin bars is that they are against the near-term trend, which was clearly down at the time. However, on top of that, they also did not have any supporting factors of confluence such as a key horizontal support level, dynamic EMA support, a 50% retrace, or any other factor. It’s setups like THESE that I get emails from traders about asking “Nial, I traded a well-defined pin bar the other day, why did the market go against me”?
The answer is two-fold: First, it’s important to remember that not every setup works out, even a perfect looking setup with 5 factors of confluence can and will fail sometimes. Thus, we need to always practice proper forex money management. Next, in order to use our ‘bullets’ as effectively and efficiently as possible, we need to always make sure we take high-probability price action setups, meaning setups that are well-defined AND that are in agreement with the overall market context they’ve formed in, AKA they have confluence.
The point to take away from the above two charts, and the main point of this article, is that trading price action setups from confluent points in the market is the best thing you can do to improve the probability of your trades. Too often, traders simply aren’t patient and picky enough in regards to their trading, and they thus end up throwing their money away in the markets. Just remember that every time you find a potential trade setup it’s YOUR HARD-EARNED MONEY you are about to lay on the line, so ask yourself if the setup has enough supporting factors of confluence to be worth trading.
Think before you ‘shoot’…not after
Most beginning and losing Forex traders seem to behave as if they are best able to navigate the markets after entering. This is akin to an army general thinking that his army has the best chance of winning a war if they just dive into war first and ask the questions later. Fortunately, in (most) wars, governments usually plan and ask the tough questions first, so that they know what they are doing when they are on the battlefield.In trading, most traders seem to do the opposite; they try to plan, think and strategize in the heat of the moment, when their money is on the line and they are the most emotional.
I’m not going to get into a long drawn-out discussion about the importance of trading plans and trading journals, because I talk about them extensively in other articles, follow the links if you want to learn more. But, I will say that we need to do our analysis and most of our thinking about the markets BEFORE we enter, this gives us the highest-probability of succeeding as traders. As soon as traders enter a trade and THEN start thinking about it and over-analyzing it, they almost always lower their overall probability of profiting over the long-term.There’s nothing wrong with checking on your trade every 4 or 8 hours or so, but you should not be thinking about it much, if at all, in between. The best thing to do is to pre-plan all your potential interactions with the market, and then follow that plan to the T, this way you deny the possibility of emotion coming in and destroying your trading account.
Trade higher time frames
As I discussed thoroughly in a recent article on trading daily chart time frames, you can significantly improve your trading by ignoring time frames under the 1 hour chart all together. I actually NEVER look at a time frame under the 1 hour. There is simply no reason too, they are messy, full of random market noise and will tempt you to enter a trade that you know you shouldn’t. In short, if you want to improve your accuracy and the probability of your price action trade setups, focus on the higher time frame charts.Money matters
If you want to give yourself the best chance at taking the highest probability trades and avoiding low-probability / emotional trades you’ll need to make sure you are not A) trading with money you need for other things in your life and B) not risking more than you are comfortable with losing on any one trade.When you are only trading with disposable income and never risking more than you are OK with losing per trade, you will be much calmer and more objective. This will obviously work to help you to only take high-probability trade setups. Traders who are strung-out and frazzled because they are overly worried about the money they have at risk in the markets are naturally going to take low-probability trades because they simply are not thinking clearly.
Remember, you never know for ‘sure’ what’s going to happen
As traders, it helps to always expect a random outcome from our trades, even though we may have mastered a high-probability trading edge like price action. Even if we have say a 60% or 70% win rate, it is a randomly scattered win rate, meaning we never know which trades are going to win and which will lose. For instance, if you have a 60% win rate, you could theoretically lose 40 trades in a row out of 100 before you hit 60 winners. So, knowing this, we have to approach each trade as just another execution of our trading edge, while doing everything we can to put the odds in our favor.Everyone knows that I don’t sugar-coat anything, so I’ll tell you that there is no ‘perfect’ trading signal, and that goes for ALL trading strategies and systems. Even if we have multiple factors of supporting confluence, a perfect trend, and a perfect price action setup, the trade can still lose. Thus, it’s important to trade with these facts in mind while simultaneously making sure you do everything you can to only take the highest-probability trade setups. If you want to learn more about confluence, price action trading, and how to combine the two for a high-probability Forex trading strategy, check out my Forex trading course and members’ community.
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5 Free Forex Books to Help your Trading Strategy ~ forex trader pro practice account
Here are 5 free books that may give you some ideas for your trading strategy.
I found these on Amazon and they are worth a read, considering the cost.
You can see them by clicking on this link
Enjoy!
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Kamis, 28 April 2016
Creating our First Expert Advisor ~ forex trading tips provider
Creating our First Expert Advisor
Lets go through a simple example
Open the MetaEditor application. You should see a screen similar to below (fig. 7).
fig. 7
Create a new Expert Advisor (EA) by selecting ‘File’, then ‘New’ (fig. 7b)
fig. 7b
You should see the Expert Advisor Wizard appear (fig. 8).
Select ‘Expert Advisor’ and click ‘Next’
fig. 8
Expert Advisor Wizard
The wizard will next prompt you to enter the Name, Author, website link and parameters of the EA. Name your EA as ‘SimpleEA’ (fig. 9).
fig. 9
Parameters allow our EA to reference to pre-defined values determined by us.
Common pre-defined values in EA forex trading are Taking Profits, Trading Lots and Trailing Stop loss levels. We will ignore this for now. Click ‘Finish’.
Your EA named as “SimpleEA.mq4” should now be listed in the right panel (fig. 10), known as the ‘Navigator’.
The panel contains the list of EAs that exists in your directory. The code for ‘SimpleEA’ will be listed in the code editor left panel.
fig. 10
In the code editor, notice that we have the skeleton code generated for us. In the codes, there are three methods, ‘init’, ‘deinit’ and ‘start’.
int init()
{
//----
return(0);
}
int deinit()
{
//----
//----
return(0);
}
int start()
{
//----
//----
return(0);
}
//+---------------------+
Methods represent a block of codes in brackets {}. This block of codes performs a specific function.
The init() method
We first explain the init() method. The init method is the method that is called when the EA first starts up.
int init()
{
//----
return(0);
}
It is usually used to initialize variables that we need in the program.
The deinit() method
Next, we explain the deinit() method. The deinit method is the opposite of the init() method. That is, it is the method that is called when the EA program ends.
int deinit()
{
//----
return(0);
}
It is usually used to de-initialize variables when we exit the EA program.
The start() method
Next, we explain the start() method. The start method is the most important method in the program. Bulk of the decision making code will be in the start method. The start method is called every time there is a new quotation of currency rates. This is frequently every 3-4 seconds.
Essentially, our program will evaluate its decision making in every time there is a new rate.
int start()
{
//----
return(0);
}
Life Cycle of the EA
Hence, the life cycle of the EA can be understood as that it will start from init(), then start() is called for every new currency rate quotation, and finally, deinit() when the EA ends.
Having understood the life cycle of an EA, in the code editor panel, fill in the codes in bold below into the start() method.
int start()
{
//----
Print("Bid rate for "+Symbol() +" is " + Bid);
//----
return(0);
}
As an example for the EURUSD pair, what this EA does is that it will print the EURUSD rate every time there is a new rate quotation. Symbol() is a function that returns the current currency pair’s name. Bid returns the bid rate for the pair.
Thus, the message “Bid rate for EURUSD is 1.4330” for every rate quotation will be printed.
Compiling
Once done, click on Compile to compile the EA (fig. 12).
fig. 12
Click on Terminal to go to the MetaTrader application.
MetaTrader Application
In the MetaTrader left pane, under Expert Advisors, you should see SimpleEA there (fig. 13). This is because you have previously compiled your EA in MetaEditor and it is now ready to be deployed for trading.
fig. 13
Click on SimpleEA and the following form will appear (fig. 13b). Check on the Allow live trading checkbox. This will indicate that this EA is ready for live trading.
fig. 13b
Activating your EA for live trading
To activate your EA for live trading, click on the Expert Advisor button on the top bar.
fig. 14
Your SimpleEA EA is now live. This can also be seen by the smilie face at the top right hand corner of a currency pair chart.
In the below figure, SimpleEA is deployed live to the currency pair EURUSD.
As the EA runs on the currency pair, you can notice the log messages that is printed out by the earlier code you have added.
Just below the charts, click on the Experts tab. This tab shows all the messages printed by the EA. Notice what is printed out.
“SimpleEA EURUSD, M5: Bid rate for EURUSD is 1.433250000”
fig. 15
By default, the ‘SimpleEA EURUSD, M5’ is printed our for you indicating that this message was printed out by SimpleEA on EURUSD pair for timeframe of 5 minutes.
After that, we see our message “Bid rate for EURUSD is 1.433250000” being printed out.
Click on the Expert Advisor button on the top panel again to de-activate the Expert Advisor.
Notice that the smilie face on the top right hand corner changes to a cross now indicating that it is de-activated. i.e. will not trade. (fig. 15b)
fig. 15b
You have completed your first EA!
So there you have it, your first EA! Although it doesnt really do much, you have learned important concepts on the basic structure of an EA, namely,
- The life-cycle of an EA, constituted by the ‘init’, ‘start’ and ‘deinit’ methods,
- Compiling and deploying the EA live,
- Monitoring the running of an EA
- and de-activating an EA.
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Rabu, 27 April 2016
Simple Forex strategies ~ forex trading losses tax
I haventt recently updated this blog because, i am currently more focused on Stock Market, and system for sports betting which i recently created. When i will finish it, i wil give you link to this system, i suppose it will be free till the end of the season.
Anyway, simple forex strategies, what i mean by that? In my mind these are strategies that are very simple :). I often see guys with super advanced entry strategies. They use MACD, RSI, ADX, 10 different MAs and EMAs, Fibbonaci retracement, Elliot Waves to predict the best entry point.
I think its funny.
Because often these guys do not realize that actually there are only two types of indicators.
- Trend following - indicates whatever Market is in up or down trend (MACD for example)
- Momentum - tells you if Market is overbought or oversold (RSI)
How many oscillators do i use? I use none or zero, so in my mind forex strategy with 2 indicators is still complex strategy. Traders often say that you need a lot of indicators to get rid of false signal. But what i found out when i started using many tools was that i got as many signals that i should take LONG position as for SHORT position. So, keep in mind the old saying: sometimes less is more.
After eliminating all oscillators we are left with very simple tools:
- trend lines, as well as support and resistance levels
- Fibbonacci retracement
- Andrews Pitchfork
- Standard Deviation Channel
Determine trend, but do NOT try to predict future, it is impossible. determine trend based on what you already have on the chart. There are at least three types of trend: up, down, consolidation, i think i already said it, but it is worth repeating over and over.
Determine Take Profit and Stop Loss, GO IN. Thats it.
Ok so to sum this up. You can build a very complex strategy or system if it works for you, it didnt work for me at all. But remember, do not underestimate value and importance of very simple tools like trend lines, fibbonacci retracement and standard deviation channels.
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How the Canadian Loonie is Relating to Other Currencies as at August 12 (updated) ~ forex trading account with debit card
One day after the first Yuan devaluation, how is the loonie’s health?
I have several charts below of different currency pairs.
You can see that nothing too damaging happened with the devaluation of the Yuan, the loonie has remained at similar price levels, it is , in fact, gaining in value at this time.
Here is some very recent commentary:
USD/CAD Technical Analysis: Digesting Losses Near 1.30 - DailyFX
http://news.google.com Wed, 12 Aug 2015 09:14:00 GMT
DailyFXUSD/CAD Technical Analysis: Digesting Losses Near 1.30DailyFXThe US Dollar is digesting losses after breaking two-month rising trend support against its Canadian counterpart. A daily close below the 23.6% Fibonacci retracementat 1.2956 exposes ... Read more ...
USD/CAD Fundamental Analysis – August 13, 2015 – Forecast - FX Empire
http://news.google.com Wed, 12 Aug 2015 13:03:00 GMT
FX EmpireUSD/CAD Fundamental Analysis – August 13, 2015 – ForecastFX EmpireThe USD/CAD dipped 94 points as gold and oil rebounded supporting the Loonie. The US dollar tumbled today to trade at 96.47 falling 76 points as the Chinese currency situation ... Read more ...
Trade Idea: USD/CAD - Stand aside - Action Forex
http://news.google.com Wed, 12 Aug 2015 14:03:36 GMT
Trade Idea: USD/CAD - Stand asideAction ForexDespite intra-day initial bounce to 1.3158, as the greenback has slipped again, suggesting further consolidation below last weeks high of 1.3213 would be seen in some kind of a wave iv correction and belo ...
Read more ...
USD/CAD Daily Outlook - Action Forex
http://news.google.com Wed, 12 Aug 2015 07:17:00 GMT
USD/CAD Daily OutlookAction ForexIntraday bias in USD/CAD remains neutral for consolidation below 1.3213. Further rise is still expected as long as 1.2859 support holds. Above 1.3213 will target next projection level at 1.3287. Meanwhile, break of 1. ...
Read more ...
USD/CAD: Digesting Losses Near 1.30 - Investing.com
http://news.google.com Wed, 12 Aug 2015 12:22:51 GMT
USD/CAD: Digesting Losses Near 1.30Investing.comThe US dollar is digesting losses after breaking two-month rising trend support against its Canadian counterpart. A daily close below the 23.6% Fibonacci retracementat 1.2956 exposes the 38.2% level at ...
Read more ...
USDCAD break wedge to the downside - TradingFloor.com
http://news.google.com Wed, 12 Aug 2015 08:48:28 GMT
USDCAD break wedge to the downsideTradingFloor.comUSDCAD – The monthly chart highlights the commodity pair stalling close to a pivotal zone seen from the highs in 2008-2009 and consolidation in 2003-2004. A full AB=CD formation is not seen until 1. ...
Read more ...
More info for How the Canadian Loonie is Relating to Other Currencies as at August 12 (updated) ~ forex trading account with debit card:
Selasa, 26 April 2016
Very easy to follow and very profitable !! ~ forex trading tax in india
| Do you know? At least 90% of new Forex traders lose all their money within Their first 3 months of trading, Moreover most of beginner traders are bankrupt !! Why does it happen ? Because Most of Beginner Traders are just using their "INTUITION" without seeing or learning trend forex ... This means that they have no idea what the heck they are doing! They just jump into the forex market blindly with only hopes and dreams And rely on the flip of a coin to determine their success. 90% of Forex traders are uneducated and lack the basic knowledge of how the Forex really works. They rely solely On luck without LEARNING ANY OF THE BASICS AT ALL! And reliable sources suggest that up to 10% of these Under- informed Forex traders end up losing their entire trading account! . . So why do they FAIL..They only use instinct without learn trend market price and initially over confident and consider Their quick 5 minute market analysis to be 100% correct. More often they are 100% WRONG! Avoid using intuition in forex trading without good accuracy !! .. | ||
| |
More info for Very easy to follow and very profitable !! ~ forex trading tax in india:
Senin, 25 April 2016
Minggu, 24 April 2016
DGCX to start currency trading from June 12 ~ forex trading home based business
The Dubai Gold and Commodities Exchange (DGCX) will start currency futures trading in three currency contracts from June 12, said Framroze Pochara, Chief Executive Officer of DGCX yesterday.
With the launch of currency futures, DGCX has entered select league of global derivative exchanges that offer currency derivatives. DGCX already has gold and silver futures and expects to add fuel oil and steel futures in the near future.
Speaking to Khaleej Times yesterday, Pochara said there is a huge spot market for leading international currencies in the UAE. While the futures market will serve as an ideal hedging platform for banks, money exchange houses and trading houses it will also offer investment opportunities for currency investors.
Initially DGCX will trade futures contracts in 3 currencies — Euro-Dollar, Yen-Dollar and Sterling-Dollar with contracts maturing in March, June, September and December each year. These will be deliverable contracts. This will establish DGCX as the first exchange for trading currencies in the Middle East.
The global spot market for currencies exceeds $2 trillion daily turnover while the derivative transactions are several fold larger than the spot market. DGCX expects participation from all leading local, regional and international banks in the currency futures trading. “Currently we have more than 100 broker members on DGCX and all of them are eligible to participate in currency trading from day one. The initial response has been very encouraging and we expect good response from all market participants,” said Arshad Khan, Director of DGCX.
DGCX will follow T+1 trading system in currency trading with National Bank of Dubai and HSBC acting as delivery banks for settlement of DGCX currencies futures contracts.
Read more here.
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Sabtu, 23 April 2016
Is The Loonie Headed To 60 Cents ~ best forex trading courses
How Much Further Will The Loonie Drop?
Canadians are being punished severely for serious economic blunders and decisions made by their former Conservative Government.
Prices for food are skyrocketing and the worst is yet to come.
While the former finance minister was so adamant that Canada’s economy was in great shape, all along the economy was evaporating.
Today Canadians are paying a hell of a price for the government bungling.
Government policies have allowed offshore corporations to rape Canada and steal its resources, now there is nothing in the way of reserves.
Even the taxation has been sloppy as wealthy Canadians have been allowed to move their funds offshore to escape taxation.
Government policy has been to audit people such as birdwatchers while they find ways to benefit the wealthy.
Indeed, Canada was left in one jackpot by the prior government and it will take generations to restore the standard of living for Canadians if that is even possible.
Here are some articles about the state of the Canadian Loonie.
Canadian dollar dips below 69 cents US as oil resumes slide - CBC.ca
Fri, 15 Jan 2016 16:29:23 GMT
Canadian dollar was also down against the euro, the British pound and the Japanese yen. On the commodity markets, February crude oil futures were trading at $29.20 US a barrel, down $2 from Thursdays close. The falling price of crude — from more?...Crippled Canadian dollar in free-fall, plunges below 69¢ - The Globe and Mail
Fri, 15 Jan 2016 14:42:39 GMT
was a “huge move” in the Canadian dollar just around the time the London market was opening, said Royal Bank of Canada currency strategist Adam Cole. The loonie was again pressured by oil prices, the risk-averse nature of the markets, and?...Amid loonie dip, Pacific Northwesterners go to Canada to get more for their money - KIRO Seattle
Fri, 15 Jan 2016 02:48:47 GMT
because the Canadian dollar -- the Loonie-- isnt going far at all. Over the summer it dropped to about 80 cents on the dollar. Thats when people like Moorehead started to really notice a change in his passenger demographics, and this winter ... Canadian Dollar Falls Below 69 Cents U.S. In Longest Losing Streak Since It ... - Huffington Post Canada
Fri, 15 Jan 2016 13:35:52 GMT
-- The Canadian dollar was trading below 69 cents US early Friday for the first time since 2003 as crude oil futures dropped below US$30 a barrel and overseas stock markets fell sharply. The loonie traded as low as 68.74 cents US about five ...Canadian Dollar Forecast: Oil Prices and Long-Term Weak Inflation - Exchange Rates UK
Fri, 15 Jan 2016 16:31:55 GMT
crude oil trades below $30, the commodity-correlated Canadian Dollar exchange rate continues to struggle against damp demand. The latest CAD exchange rates have also suffered after the Bank of Canadas (BOC) winter Business Outlook Survey?...More info for Is The Loonie Headed To 60 Cents ~ best forex trading courses:
Jumat, 22 April 2016
Roundup of Blog Posts to August 8 (updated) ~ forex trading account nz
Here is a list of posts published from the past several days.
5 Free Forex Books to Help your Trading Strategy
25 Top Ranked Forex Trading Books On Amazon
Renko Trading Strategies (1)
Renko Trading Strategies (2)
Renko Trading Strategies (3)
How To Build a Forex RenkoTrading Strategy to Yield 40 Pips Every Day
USDJPY Trading Strategy As At August 5, 2015
EURUSD Trading Strategy as at August 5, 2015
Executive Order For Your Gold
Recent Gold Trading Strategy As At August 6, 2015
Is Your Broker Safe From Identity Theft Attacks?
CCI 200 TrendlineBreak Trading Strategy as at August 8, 2015
CCI 200 TrendlineBreak Trading Strategy as at August 8, 2015
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Rabu, 20 April 2016
15 Questions To Ask Your Broker ~ forex trading academy port elizabeth
How Well Do You Know Your Broker?
As we go about our trading business from day to day, we probably do not pay much attention to the qualities of the broker we use.
We have little or no idea as to where their office is, where their bank is, or how safe our funds are.
We do know that the broker has a fancy website that promises all sorts of good things, and we have no idea if any of it is true.
What do we do with these?
These are the basis for a preliminary interview to allow you to conduct an investigation.
Before you entrust your funds to a broker, it is best that you understand what is going to happen.
You can ask these and similar questions of a few brokers to allow you to get an idea as yto what to expect
To Do
Now that you have some idea as to what you can ask to get the broker to disclose to you…… you can get started.
And once you have asked three or four brokers some questions, you will have a better idea as to which broker you prefer to deal with and why.
In a future post I will add more questions.
Update Ten More Questions on this page CLICK
Good Trading!
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Senin, 18 April 2016
The Tools to get started ~ forex trading tips secrets
The Tools
One of the ways to build an automated forex trading robot is using MQL4. MQL4 stands for MetaQuotes Language 4. It is readily downloadable on the Internet and it is free! This course aims to help you build a trading robot on MQL4.
MQL4 is also known as MetaTrader4 or MT4. These terms are used interchangeably. MT4 allows you to build trading robots (a.k.a Expert Advisors) that can automate your trades, buy/sell entries with stop losses etc using your own rules.
MT4 also allows you to build your own Indicators on top of providing the commonly used existing ones like MACD, SMA etc.
To start writing MT4 programs, download the Metatrader application for free. You can download it at http://files.metatrader4.com/mt4setup.exe
With it, comes the MetaEditor which is an editor for you to write MT4 codes for your EAs.
Click on F5 to compile your programs and generate an ex4 file which is the file type for a MT4 program, like how .doc is the file type for Microsoft Word.
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Minggu, 17 April 2016
How to Partially Close a Position on MT4 ~ forex day trading advice
Let’s say you have a one lot position, but you decide to close half of it and hold the other half. That is possible to do in most trading platforms including MT4. This is what you have to do:
1. Press Ctrl+T to open the MT4 terminal. You can do it through the View menu at the top too.
2. On the terminal, choose the “Trade” tab at the bottom, if it is not already chosen. When you do this, you should be able to see all your open positions:
3. Double click on the open position on the terminal to open the order management window with the big yellow close button:
Please note that if you click on the fields that are under the S/L or T/P columns, a different order management window will be opened that allows you to modify the stop loss and target values, but doesn’t allow you to close the position.
4. To close a portion of your position, you can change the volume at the top left side of the order management window to the value you want to close, and then click on the yellow button. For example, when you have a one lot position and you want to close half of it and hold the other half, then you have to change the volume to 0.5 and click on the close button. Or, when you want to close 0.2 lots and hold the other 0.8 lots, you can change the volume to 0.2 and click on the yellow button.
Please note that if you cannot find the value you want on the volume drop-down menu, you can enter it manually.
The stop loss and target value of the position which is left open will not change when you close a portion of your initial position.
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Jumat, 15 April 2016
Very Simple And Profitable Forex Trading System ~ forex trading advice tips
Description:
Use 1H chart on GBP/JPY with Stoch(5,3,3) and RSI(7). The idea is this ...use Stoch and RSI just to define where it is possible to have a breakout. Then use most profitable tool ever – simple candlesticks. If you have strong down trend and Stoch and RSI are oversold, and we have up trend candle (black candle) close at the middle of the last (in this case black one) enter a trade. You are getting 3 signals to confirm your entry – isn’t it great!?
Some people reports: With this system make more than 1500 pip only from GBP/JPY for week. (Use it just for GBP/JPY)
1 – RSI oversold 2 - Stoch oversold 3 - candle (black candle) close at the middle of the last one in opposite direction.
Buy/Sell rules Sell when RSI and Stoch are bought or they are close to overbought (75) line, and we have down candle which has closed at least at the middle of the last up candle.
Buy when we have oversold RSI and Stoch and we have up candle which has closed at the middle of the last down one.
Exit rules if we are in a sell trade and ... we have oversold RSI and Stoch and we see this up candle which has closed at 50% of the last down one - exit and enter another trade.
Stop loss: Place a stop loss 3 pips below your signaling candlestick – in this case figure #3 – see screenshot above.
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Kamis, 14 April 2016
How to Build Your Career in this Competitive World See Some Career Building Tips ~ free forex trading classes online
5 Rules You Must Follow to Get Ahead in Your Career
Many of the job seekers—and even employees—I talk to are stuck in their careers right now. Why? They’re playing an old set of rules. They are struggling to find jobs or to get ahead in their current ones because they haven’t noticed that the economy and global workforce have changed, and they haven’t adapted.Corporations want to do more with fewer resources. They are looking for entrepreneurial-minded workers who can move business forward. They are looking for the best talent at the lowest price, which means job seekers and employees alike are competing with professionals from all over the world.
These days, just doing your job isn’t enough—you have to constantly expand your role, learn new skills, and grow your network if you want to stay relevant. Regardless of your current occupation, the following five rules will help you survive and thrive in this new world of work.
1. Always Be Open to New Opportunities
A decade ago, you could graduate from college and have a secure job for life. But these days, you could get laid off on a moment’s notice, your team could be outsourced, or your company merged or acquired.
That means, you always need to be looking for new opportunities (as well as building a strong online presence so that you’ll attract them, too). This is not to say that you should be job-hopping all the time—my rule of thumb is to stay in one role for at least a year, unless you’re presented with an opportunity you can’t refuse. But a new Careerbuilder study shows that 74% of workers are either actively searching for a new job or open to a new opportunity. If you want to get ahead in your career, don’t close yourself off.
2. Have a Consulting Mindset
We’re living in what I call “ROI Nation” right now, where companies aren’t willing to take risks hiring people. They want to be 100% confident they are hiring someone who can get the job done flawlessly and add value to the company.
So if you’re a job-seeker, you need to prove your worth, and the best way to do this is to act like a consultant. Instead of just applying for a job, make a presentation on how you can add more value to the company. Come with a case study to show that you’ve improved sales of your last client or company by 50% or that you helped increase efficiencies that led to a decrease of costs by 70%. If your salary is $40,000, then deliver $70,000 worth of value to justify it. Don’t just tell a company that you’ll add value—show it.
3. Be Able to Change and Adapt
Be prepared for your job situation to change constantly. I know so many people who were finance or marketing majors in college and who now have a completely different career. Even if you’re certain of your career path, you could find yourself with a new manager and need to adapt to his or her leadership style on short notice. Or, if you own a company, you might find your business model changes over time based on demand and on how your customers are using your products and services.
You can best position yourself for these changes by understanding your core strengths and gaining skills that can be used across various business functions and roles. Being able to roll with the punches will be key to your long-term success.
4. Learn the Skills of Today and Tomorrow
This next rule is emphasized in a recent New York Times article: Workers are working nonstop to stay relevant in their careers. And you should be, too. Read the WSJ or other major newspapers, and get a sense of what the market is looking for. Then, “skill up” accordingly.
There are many ways to acquire new skills, whether you prefer online training modules, YouTube educational videos, open source courses (such as MIT’s), books, or finding expert mentors online. It’s also important to read up on industry news daily, so you’re aware of relevant events and can sound intelligent in meetings and in job interviews.
5. Surround Yourself with the Right People
You need to build a strong network for several reasons. First, if you’re around the right people, you will become smarter and more confident about your career. Second, if you get laid off, you’ll have a network to help guide you to new opportunities—finding a job by submitting a resume doesn’t usually work because you’re just one resume in a stack of thousands. Your network can help you cut through the clutter and get noticed.
Finally, you appear to be more valuable when you’re around other ambitious and intelligent people. Surround yourself with people who will build you and your career up, not bring you down.
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Minggu, 10 April 2016
Profit Able No Loss Forex Trading Strategy ~ forex trading analysis tips
The strategy is very simple and would only take a few minutes of screen time per day (using 4HR candles).
GONE FISHING STRATEGY
Platform: Metatrader 4
TIMEFRAME: 4HR, DAILY (Shorter timeframes work but reduced winning %)
INDICATORS: FX Fish, MA_CROSS_OC (I overlay bigbears FTC as well to spot possible oversold/overbought)
SHORT ENTRY:
DOWN Orange arrow AND Red line on FX Fish indicator
ONLY ENTER AFTER BAR CLOSES!
STOP LOSS: Last swing
TAKE PROFIT: I personally slide to break even at +50 then wait for closing signal
LONG ENTRY:
• UP Blue arrow AND Green line on FX Fish indicator
ONLY ENTER AFTER BAR CLOSES!
STOP LOSS: Last swing
CLOSING SIGNAL, STOP LOSS, AND TAKE PROFIT SAME AS SHORT ENTRY
CLOSING SIGNALS:
• Opposite arrow appears (take opposite trade if FX Fish turns a different color as well)
• FX Fisher gets an opposite line color (no arrow needed)
See attached pics for samples.
And thats all there is to it. Works with most pairs (I use majors and yen pairs).
Check the charts every 4 hours for signals then turn the monitor off and come back again in 4 hours (or next day if using daily).
Attached Files
Download
GONE FISHING TRADING SYSTEM
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