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In forex trading, one of the facts that traders take their sweet time to accept is that it’s a numbers game. In fact, Mathematics is an integral part of your trading.To get more news about sunton, you can visit wikifx.com official website.
Regardless of your trading strategy, it’s the one thing you can’t avoid.
An excellent example of this is during technical analysis. Pretty much every trader uses this form of analysis to get a good grip on how the market moves.
One popular tool used in technical analysis is the Fibonacci.While its name may not sound like a Mathematician’s name, this tool is invaluable for most traders.
In the year 1202, Italian Mathematician Leonardo Fibonacci documented a Mathematical series which later came to be named after him; The Fibonacci series.
The series is basically summing up a number in a series with its preceding number, i.e. 0,1,1,2,3,5,8, …
As the number magnitude increases, the ratio of one number to that of the succeeding number forms a unique pattern. 23.6, 38.2, 50.0,61.8, and 76.4 – all in percentages.
As such, it has come to be known as the ‘golden ratio’. It is the ratio that’s used in Fibonacci trading.
Why is Fibonacci important?
While some experienced traders may not be using Fibonacci for trading, it’s a vital tool when it comes to chart analysis. This is because it helps in predicting and identifying the possible retracement and extension points of the market.
By identifying the retracement points on a specific currency pair market, you’ll be able to determine both the resistance and support points.
This makes it easier to determine the market trend, hence helps you know whether to go long or short.
Using Fibonacci also helps you know when to lock in your profits and when to trail. This becomes important, especially in proper risk management.
There are many Fibonacci tools offered by different platforms, and so, you should make a point of learning how to use them.
That said, here’s how to use Fibonacci tools in your trading.
Swing high refers to the recent highest price attained by the market, followed by a drop in price. On the chart, it refers to a high that’s accompanied by two lower highs on both its left and right.
A swing low is not so different either. It refers to the recent lowest price attained by the market, followed by a rise in prices. On a chart, it’ll be a low that’s preceded by two higher lows on both its sides.
Once you’ve identified these two points, plot a horizontal line across the chart from these points. These lines become your reversal points.
Instantly, your charting software will fill the margin in between these points with retracement points. These points, 23.6, 38.2, 50.0, 61.8, 76.4, will be your basis for analysis.
Identify the resistance and support areas.
You’ve probably come across these two terms a couple of times from other traders. And if you think they are essential in trading, then you’re right.
The resistance point is fundamentally a point in the market, where there are numerous sell orders for a particular currency. On a chart, it’s the ‘ceiling- like’ point where prices stop rising and start falling.
For instance, assuming you’re trading USD/AUD which is on an upwards trend. So, using your Fibonacci tools, you identify your trade is on the 38.2% retracement point.
If the trade keeps rising and hits the 50.0% retracement line, but doesn’t break it, then that point becomes the resistance point.
If that trade then drops back to the 38.2% retracement line and doesn’t break it but instead, rises, then that point becomes the support area.
These points are important because they not only help you understand the trend, but also decide on your entry and exit points.
Another critical concept to understand is that, the more the market tests a resistance point, the stronger it becomes. Also, once the market breaks through a resistance point, the magnitude of the follow-up trend depends on how strong the resistance was holding.
Regardless of your trading strategy, it’s the one thing you can’t avoid.
An excellent example of this is during technical analysis. Pretty much every trader uses this form of analysis to get a good grip on how the market moves.
One popular tool used in technical analysis is the Fibonacci.While its name may not sound like a Mathematician’s name, this tool is invaluable for most traders.
In the year 1202, Italian Mathematician Leonardo Fibonacci documented a Mathematical series which later came to be named after him; The Fibonacci series.
The series is basically summing up a number in a series with its preceding number, i.e. 0,1,1,2,3,5,8, …
As the number magnitude increases, the ratio of one number to that of the succeeding number forms a unique pattern. 23.6, 38.2, 50.0,61.8, and 76.4 – all in percentages.
As such, it has come to be known as the ‘golden ratio’. It is the ratio that’s used in Fibonacci trading.
Why is Fibonacci important?
While some experienced traders may not be using Fibonacci for trading, it’s a vital tool when it comes to chart analysis. This is because it helps in predicting and identifying the possible retracement and extension points of the market.
By identifying the retracement points on a specific currency pair market, you’ll be able to determine both the resistance and support points.
This makes it easier to determine the market trend, hence helps you know whether to go long or short.
Using Fibonacci also helps you know when to lock in your profits and when to trail. This becomes important, especially in proper risk management.
There are many Fibonacci tools offered by different platforms, and so, you should make a point of learning how to use them.
That said, here’s how to use Fibonacci tools in your trading.
Swing high refers to the recent highest price attained by the market, followed by a drop in price. On the chart, it refers to a high that’s accompanied by two lower highs on both its left and right.
A swing low is not so different either. It refers to the recent lowest price attained by the market, followed by a rise in prices. On a chart, it’ll be a low that’s preceded by two higher lows on both its sides.
Once you’ve identified these two points, plot a horizontal line across the chart from these points. These lines become your reversal points.
Instantly, your charting software will fill the margin in between these points with retracement points. These points, 23.6, 38.2, 50.0, 61.8, 76.4, will be your basis for analysis.
Identify the resistance and support areas.
You’ve probably come across these two terms a couple of times from other traders. And if you think they are essential in trading, then you’re right.
The resistance point is fundamentally a point in the market, where there are numerous sell orders for a particular currency. On a chart, it’s the ‘ceiling- like’ point where prices stop rising and start falling.
For instance, assuming you’re trading USD/AUD which is on an upwards trend. So, using your Fibonacci tools, you identify your trade is on the 38.2% retracement point.
If the trade keeps rising and hits the 50.0% retracement line, but doesn’t break it, then that point becomes the resistance point.
If that trade then drops back to the 38.2% retracement line and doesn’t break it but instead, rises, then that point becomes the support area.
These points are important because they not only help you understand the trend, but also decide on your entry and exit points.
Another critical concept to understand is that, the more the market tests a resistance point, the stronger it becomes. Also, once the market breaks through a resistance point, the magnitude of the follow-up trend depends on how strong the resistance was holding.
Just like stocks, you can also choose to trade currency. Based on your analysis if you think a currency will increase in value, you can buy it. On the other hand, if you believe a specific currency will decrease, you can sell it.To get more news about east century group limited, you can visit wikifx.com official website.
For example, EUR/USD is one of the most currencies that many people like to trade with. The reason being that Euro/dollar trades within a narrowing uptrend triangle and also tends to be the most liquid pair compared to other currencies pair. The second reason is that it represents the world’s largest economies and trading blocks.
Being the world most liquid currency pair, it offers the traders a consistent low spread throughout. This unique combination of liquidity and volatility of eur usd, the good thing with it is that it favours every trader, even the newbies.
The eur usd currency pair gathers two leading economies, the European and American, definitely from the United States of America. The Euro is the base currency, while the USD is the counter currency. Therefore, the pair will consist of more than half of all trading volume worldwide in the Forex Market; hence it is almost impossible for a gap to appear.
The History of the EURUSD
As the philosopher’s say history repeats itself, it’s hard for a person to imagine that this forex trading pair existed so many years ago. But that not the case it has just been around since 1999, that is when the European countries adopted a single currency. The currency has appreciated slowly as it is being adopted worldwide. You can now do your analysis of 20 years to come where these currency pair will be standing.
How to read the currency pair (EUR/USD) trading price?
Like any other currency pair in the forex trading market, the eur usd represents the price of the base currency, which is Euro and the usd represents the quote currency.
For instance, when the price of the EUR-USD currency pair is rising, it means that the Euro is strengthening over the USD. On the other hand, when the price of EUR-USD is slowly going down, these means that the value of the Euro is decreasing relative to the USD
Generally, the price quote of the EUR/USD will represent the amount of dollars it would take to get 1 euro. For example, when the price of the EUR/USD is 1.35, it means that if you want to buy 1 EURO, you will need to pay 1.35 US dollars. That’s how simple the calculation is.
A critical take-home note is a correlation these currency pair EUR/USD has with other currency pairs. The perfect positive relationship the currency pair has is with GBPUSD because the pairs share the US dollar. However, as a trader, you should trade carefully and remember to always be up to date by doing the necessary analysis.
For example, EUR/USD is one of the most currencies that many people like to trade with. The reason being that Euro/dollar trades within a narrowing uptrend triangle and also tends to be the most liquid pair compared to other currencies pair. The second reason is that it represents the world’s largest economies and trading blocks.
Being the world most liquid currency pair, it offers the traders a consistent low spread throughout. This unique combination of liquidity and volatility of eur usd, the good thing with it is that it favours every trader, even the newbies.
The eur usd currency pair gathers two leading economies, the European and American, definitely from the United States of America. The Euro is the base currency, while the USD is the counter currency. Therefore, the pair will consist of more than half of all trading volume worldwide in the Forex Market; hence it is almost impossible for a gap to appear.
The History of the EURUSD
As the philosopher’s say history repeats itself, it’s hard for a person to imagine that this forex trading pair existed so many years ago. But that not the case it has just been around since 1999, that is when the European countries adopted a single currency. The currency has appreciated slowly as it is being adopted worldwide. You can now do your analysis of 20 years to come where these currency pair will be standing.
How to read the currency pair (EUR/USD) trading price?
Like any other currency pair in the forex trading market, the eur usd represents the price of the base currency, which is Euro and the usd represents the quote currency.
For instance, when the price of the EUR-USD currency pair is rising, it means that the Euro is strengthening over the USD. On the other hand, when the price of EUR-USD is slowly going down, these means that the value of the Euro is decreasing relative to the USD
Generally, the price quote of the EUR/USD will represent the amount of dollars it would take to get 1 euro. For example, when the price of the EUR/USD is 1.35, it means that if you want to buy 1 EURO, you will need to pay 1.35 US dollars. That’s how simple the calculation is.
A critical take-home note is a correlation these currency pair EUR/USD has with other currency pairs. The perfect positive relationship the currency pair has is with GBPUSD because the pairs share the US dollar. However, as a trader, you should trade carefully and remember to always be up to date by doing the necessary analysis.
The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.To get more news about jettrades review, you can visit wikifx.com official website.
After conducting some research on various social media platforms (Facebook, Twitter, Instagram), as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with Jet Trade Markets. Based on this user feedback, it appears that Jet Trade Markets is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.
There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.
When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if Jet Trade Markets is an offshore and/or unregulated entity.
When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:
The Cyprus Securities and Exchange Commission (CySEC)
The Financial Conduct Authority (FCA)
The Australian Securities and Investments Commission (ASIC)
If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.
Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in.
Many fraudulent firms will even claim to be domiciled in a regulated jurisdiction, and display fake regulatory licenses and addresses on their websites to try and improve their credibility with unsuspecting investors.
Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online.
After conducting some research on various social media platforms (Facebook, Twitter, Instagram), as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with Jet Trade Markets. Based on this user feedback, it appears that Jet Trade Markets is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.
There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.
When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification(s). This will tell you whether they are regulated by a central authority or if Jet Trade Markets is an offshore and/or unregulated entity.
When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Some examples of regulatory authorities that issue brokerage licenses are:
The Cyprus Securities and Exchange Commission (CySEC)
The Financial Conduct Authority (FCA)
The Australian Securities and Investments Commission (ASIC)
If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.
Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in.
Many fraudulent firms will even claim to be domiciled in a regulated jurisdiction, and display fake regulatory licenses and addresses on their websites to try and improve their credibility with unsuspecting investors.
Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online.
Film Faced Birch Plywood is a high-quality exterior birch plywood with special coating of resin-treated paper that turns into protective film during production. Comes with smooth or mesh surface. Edges are sealed with water-dispersible acrylic paint. This type of plywood is widely used in the construction industry and vehicle production. The film faced birch plywood is easy to mount and work with. The film faced plywood is a material of extreme significance for monolith building and construction, furniture manufacturing and playground equipping. It is light in weight and offers high resistance to corrosion. The film faced plywood can be easily cut & cleaned and hence it is easy to maintain. It can be used in high temperature and high moisture conditions.To get more news about commercial plywood, you can visit boosterplywood.com official website.
Key benefits
1. Highly wear resistant
2. Resistant to most aggressive environments, including chemicals
3. Higher water resistance
4. Slip resistant (meshy surface)
5. Durable
6. Hard surface
7. Resistance to temperature variation: through a range of -40°C to +50°C (-40°F to +122°F)
8. Comes in a variety of thicknesses and sizes
Key benefits
1. Highly wear resistant
2. Resistant to most aggressive environments, including chemicals
3. Higher water resistance
4. Slip resistant (meshy surface)
5. Durable
6. Hard surface
7. Resistance to temperature variation: through a range of -40°C to +50°C (-40°F to +122°F)
8. Comes in a variety of thicknesses and sizes
Film faced plywood is the special plywood with two sides coated with wearable and water proof film. The film is adhesive impregnated paper, which are different from melamine paper overlay, PVC, MDO (MDO plywood) and HDO (HDO plywood). The function of the film is to protect the inside wood from moisture, water, weather and extend the plywood’s service life. Film faced plywood can be used in harsh and outside environment: shuttering plywood, formwork plywood, concrete formwork, floorboard, vehicle building.To get more news about commercial plywood, you can visit boosterplywood.com official website.
(1). Film color: brown, black or others
The most common film is brown film or black film . In China, the brown film faced plywood usually has better quality than black film faced plywood. However, it’s not true all the time. Some black film faced plywood has the same high quality as brown film faced plywood.
(2). Core: poplar, hardwood, Eucalyptus, birch
70% of film faced plywood we are selling is poplar film faced plywood , which is high quality and price is competitive. If you need hardwood film faced plywood, we will use hardwood or eucalyptus veneers. If you want film faced plywood for building bridges or high buildings, you can choose hardwood film faced plywood, as its name says, it’s very hard. We also supply birch film faced plywood ,which are hard and durable, too.
(3). Glue: MR glue, WBP(melamine), WBP(phenolic)
We use these 3 types of glue.
(4). Size: 1220X2440mm, 1250X2500mm, or 4′ x 8′, standard size, large size, big size, special size
We produce sizes according to customers’ requirement. T
(5).Thickness: 4mm-30mm (4mm / 6mm / 9mm / 12mm / 15mm / 18mm / 21mm-30mm )
We supply very thin film faced plywood as 4mm and thickest plywood up to 30mm. This is our advantage.
Applications of Film Faced Plywood
(1) Construction industry: shuttering film faced plywood, concrete form, shuttering concrete form, formwork plywood
Film faced plywood is mainly used for construction . So film faced plywood is also called shuttering film faced plywood, concrete form, shuttering concrete form . Because of this end use, customers usually want WBP film faced plywood , which is more suitable to be used as shuttering for big projects . However, some customers require MR film faced plywood , which are to be used as shuttering for ordinary projects .
(2) Anti-slip film faced plywood: flooring materials for building vehicles, work platforms.
According to the types of face/back, film faced plywood can be divided into smooth film faced plywood and anti-slip film faced plywood. Anti-slip film faced plywood are usually used as flooring materials for vehicles, trucks and platforms .
Our Film faced plywood factory is in Linyi city, which is the biggest production base of plywood. Due to the perfect industrial chain and strong industrial agglomeration, our products have favorable price and guaranteed quality.
(1). Film color: brown, black or others
The most common film is brown film or black film . In China, the brown film faced plywood usually has better quality than black film faced plywood. However, it’s not true all the time. Some black film faced plywood has the same high quality as brown film faced plywood.
(2). Core: poplar, hardwood, Eucalyptus, birch
70% of film faced plywood we are selling is poplar film faced plywood , which is high quality and price is competitive. If you need hardwood film faced plywood, we will use hardwood or eucalyptus veneers. If you want film faced plywood for building bridges or high buildings, you can choose hardwood film faced plywood, as its name says, it’s very hard. We also supply birch film faced plywood ,which are hard and durable, too.
(3). Glue: MR glue, WBP(melamine), WBP(phenolic)
We use these 3 types of glue.
(4). Size: 1220X2440mm, 1250X2500mm, or 4′ x 8′, standard size, large size, big size, special size
We produce sizes according to customers’ requirement. T
(5).Thickness: 4mm-30mm (4mm / 6mm / 9mm / 12mm / 15mm / 18mm / 21mm-30mm )
We supply very thin film faced plywood as 4mm and thickest plywood up to 30mm. This is our advantage.
Applications of Film Faced Plywood
(1) Construction industry: shuttering film faced plywood, concrete form, shuttering concrete form, formwork plywood
Film faced plywood is mainly used for construction . So film faced plywood is also called shuttering film faced plywood, concrete form, shuttering concrete form . Because of this end use, customers usually want WBP film faced plywood , which is more suitable to be used as shuttering for big projects . However, some customers require MR film faced plywood , which are to be used as shuttering for ordinary projects .
(2) Anti-slip film faced plywood: flooring materials for building vehicles, work platforms.
According to the types of face/back, film faced plywood can be divided into smooth film faced plywood and anti-slip film faced plywood. Anti-slip film faced plywood are usually used as flooring materials for vehicles, trucks and platforms .
Our Film faced plywood factory is in Linyi city, which is the biggest production base of plywood. Due to the perfect industrial chain and strong industrial agglomeration, our products have favorable price and guaranteed quality.
Film faced plywood is an exterior plywood used in building and construction projects. It has a special film coating on its surface made from phenol or melamine on either or both sides which gives the plywood a higher resistance to moisture, abrasion, chemical degradation and fungal attack compared to ordinary plywood.To get more news about commercial plywood, you can visit boosterplywood.com official website.
Because of its increased stability and resistance to moisture, ultraviolet radiation and corrosive chemicals, film-faced plywood is ideal for outdoor applications such as the external surfaces of new buildings. The extra film layer and acrylic varnished edges of this type of plywood make it more durable and less able to distort when used outdoors in harsh weather and adverse conditions. Buildings in direct sunlight are less prone to wear and tear if they are made from film-faced plywood, at least as part of the overall structure.
The plywood is useful for forming level molding boards and girder molding boards, which need to be resistant to strong forces, large amounts of fast-flowing water and yet still maintain their structural integrity and shape. There is a choice of thicknesses available, depending on requirements, from 12mm, 15mm and 18mm to 21mm, 24mm and 27mm. Some examples can reach 30mm.
Our concentrate on should be to consolidate and enhance the quality and service of present products, meanwhile consistently produce new products to meet unique customers’ demands for 2019 Latest Design China Marine Plywood/Shuttering Plywood Film Faced Plywood for Construction Concrete Formwork, Are you still wanting for a quality product that is in accordance along with your excellent organization image while expanding your solution range? Consider our quality merchandise. Your choice will prove to get intelligent!
ROCPLEX 18mm Brown Film Faced Plywood For Construction Use Plywood Board is a high-quality hardwood plywood covered with phenolic resin-treated film that turns into a protective film during production.
This type of plywood is widely used in the construction industry and trailer floorproduction. It is easy to mount and use.
ROCPLEX 18mm Brown film faced plywood for strong, stable, concrete formwork
China Plywood, Marine Plywood, Our organization. Situated inside the national civilized cities, the visitors is very easy, unique geographical and economic situations. We pursue a “people-oriented, meticulous manufacturing, brainstorm, construct brilliant” organization. hilosophy. Strict top quality management, fantastic service, reasonable cost in Myanmar is our stand on the premise of competition. If vital, welcome to make contact with us by our web page or telephone consultation, we’re planning to be happy to serve you.
Because of its increased stability and resistance to moisture, ultraviolet radiation and corrosive chemicals, film-faced plywood is ideal for outdoor applications such as the external surfaces of new buildings. The extra film layer and acrylic varnished edges of this type of plywood make it more durable and less able to distort when used outdoors in harsh weather and adverse conditions. Buildings in direct sunlight are less prone to wear and tear if they are made from film-faced plywood, at least as part of the overall structure.
The plywood is useful for forming level molding boards and girder molding boards, which need to be resistant to strong forces, large amounts of fast-flowing water and yet still maintain their structural integrity and shape. There is a choice of thicknesses available, depending on requirements, from 12mm, 15mm and 18mm to 21mm, 24mm and 27mm. Some examples can reach 30mm.
Our concentrate on should be to consolidate and enhance the quality and service of present products, meanwhile consistently produce new products to meet unique customers’ demands for 2019 Latest Design China Marine Plywood/Shuttering Plywood Film Faced Plywood for Construction Concrete Formwork, Are you still wanting for a quality product that is in accordance along with your excellent organization image while expanding your solution range? Consider our quality merchandise. Your choice will prove to get intelligent!
ROCPLEX 18mm Brown Film Faced Plywood For Construction Use Plywood Board is a high-quality hardwood plywood covered with phenolic resin-treated film that turns into a protective film during production.
This type of plywood is widely used in the construction industry and trailer floorproduction. It is easy to mount and use.
ROCPLEX 18mm Brown film faced plywood for strong, stable, concrete formwork
China Plywood, Marine Plywood, Our organization. Situated inside the national civilized cities, the visitors is very easy, unique geographical and economic situations. We pursue a “people-oriented, meticulous manufacturing, brainstorm, construct brilliant” organization. hilosophy. Strict top quality management, fantastic service, reasonable cost in Myanmar is our stand on the premise of competition. If vital, welcome to make contact with us by our web page or telephone consultation, we’re planning to be happy to serve you.
It’s true that you can make money in the Forex market. But on your path to financial success, you will definitely come across various myths about trading. And the sooner you dispel them, the better.To get more news about yldfx, you can visit wikifx.com official website.
Now, let’s consider the five most common misconceptions:
Myth #1. You can make good money starting with just $100 in your account
When you start trading and deposit only $100 into your account, remember this:
When you have less than a thousand dollars in your account, you inadvertently fall into a “risk group”. Here’s what we mean:
You need to open more trades. You need to earn a lot, so you think that if you make 5-10 trades a day or an hour, your problems will go away. It may not be a very optimistic thing to tell you, but in 90% of cases, such an approach will lead to failure. “The more the better” strategy simply doesn’t apply here.
Having only $100 in your account, you risk a lot. 5% is your limit per trade. But when your entire deposit is only one hundred dollars, you, unwittingly, break the simple money management rule, and your trading suffers from it.
Myth #2. You don’t have to change anything
For some reason, people believe that they can change Forex trading. It’s rather naive, don’t you agree? After all, it often turns out the other way around – Forex changes them, not vice versa.
It’s nice to dream how you deposit money to your account, place a buy order and the price starts to rise. You wait for about 5 hours or so, and close your trade, making a good profit. But this is not always the case. Are you ready for the trade to close at the other end, at the stop loss? Are you ready that the price could go sideways for 2 weeks and your money will freeze?
Some of you may not be ready. But you should know one thing: successful traders don’t get all stressed out in such situations. They simply:
Risk 1-3% of their deposit in one deal, very rarely – 5%
Never move their stop-loss and take-profit after opening a trade
Open no more than 2-3 trades a day
When you develop just a little self-discipline, things will go uphill. Don’t put it off until tomorrow – start now. Take a pen and a sticky note. Write these affirmations:
Place this sticky note on your laptop, it’ll be your constant reminder. Just follow these rules regularly and you will be able to take your trading to a completely different level. You don’t risk anything, try it and see for yourself.
Myth #3. Technical analysis is better than the fundamental one
Technical analysis – analyzing the chart with your own eyes. You draw triangles, channels, study the structure of candles on the chart:
Many traders believe that technical analysis is better than fundamental analysis because the price takes into account everything.
Technical analysts believe that price action is all you need, and that the current picture on the chart is enough to predict the direction of the price in the future.
And yet, fundamental analysis perfectly complements the technical one. And not as difficult as it may seem.
Now, let’s consider the five most common misconceptions:
Myth #1. You can make good money starting with just $100 in your account
When you start trading and deposit only $100 into your account, remember this:
When you have less than a thousand dollars in your account, you inadvertently fall into a “risk group”. Here’s what we mean:
You need to open more trades. You need to earn a lot, so you think that if you make 5-10 trades a day or an hour, your problems will go away. It may not be a very optimistic thing to tell you, but in 90% of cases, such an approach will lead to failure. “The more the better” strategy simply doesn’t apply here.
Having only $100 in your account, you risk a lot. 5% is your limit per trade. But when your entire deposit is only one hundred dollars, you, unwittingly, break the simple money management rule, and your trading suffers from it.
Myth #2. You don’t have to change anything
For some reason, people believe that they can change Forex trading. It’s rather naive, don’t you agree? After all, it often turns out the other way around – Forex changes them, not vice versa.
It’s nice to dream how you deposit money to your account, place a buy order and the price starts to rise. You wait for about 5 hours or so, and close your trade, making a good profit. But this is not always the case. Are you ready for the trade to close at the other end, at the stop loss? Are you ready that the price could go sideways for 2 weeks and your money will freeze?
Some of you may not be ready. But you should know one thing: successful traders don’t get all stressed out in such situations. They simply:
Risk 1-3% of their deposit in one deal, very rarely – 5%
Never move their stop-loss and take-profit after opening a trade
Open no more than 2-3 trades a day
When you develop just a little self-discipline, things will go uphill. Don’t put it off until tomorrow – start now. Take a pen and a sticky note. Write these affirmations:
Place this sticky note on your laptop, it’ll be your constant reminder. Just follow these rules regularly and you will be able to take your trading to a completely different level. You don’t risk anything, try it and see for yourself.
Myth #3. Technical analysis is better than the fundamental one
Technical analysis – analyzing the chart with your own eyes. You draw triangles, channels, study the structure of candles on the chart:
Many traders believe that technical analysis is better than fundamental analysis because the price takes into account everything.
Technical analysts believe that price action is all you need, and that the current picture on the chart is enough to predict the direction of the price in the future.
And yet, fundamental analysis perfectly complements the technical one. And not as difficult as it may seem.
When preparing for action it is rare that someone does not look back at the behavior of others. Traders are no exception. Is it worth trusting all the movements of the trading community? Let’s find it out now.To get more news about tradefinex, you can visit wikifx.com official website.
When deciding whether to follow the crowd or not, you should remind yourself of a number of significant points:
First: where one earns — the other loses.
Second, ” owls may not be what they seem, but they serve an important purpose: to remind us to look deeper into the dark.”A simple situation: you observe the trend shaped by traders and use it as a hint. However, during unexpected price spikes, these traders forget about psychological discipline: they have a psychological breakdown and your imaginary “team” is going through a financial collapse. What would help? Follow a reputable trader exactly as long as he acts reasonably – work on your personal emotions, think through your trading plan from any point where you may have to go on your own.
The third rule: do not follow the crowd. Various trading platforms, such as Aurum Trade, offer training zones. For instance, telegram channels and YouTube channels for registered users. It is really safer there, the entry conditions cut off the “unnecessary” and most importantly-allow you to hone your strategies in a unique situation: you are like being driven, but at the same time you have all the rights to act independently. Try a strategy in which assets are sold or bought at key prices against the general flow. Discuss with an expert trader such levels where the price movement can not always be understood correctly. It is there that emotional failures most often occur, which means that a door opens for your earnings if you are psychologically prepared.
Fourth: keep your distance. While the price starts to accelerate, move in the general direction. Enter the market when the price range is quite narrow and watch the setup before the start of a sharp jump – so you will be one step ahead. Do not rush to open a position, wait for a pullback and a decrease in sharp jumps-sometimes you need to make a step back. Buy or sell breakdowns, if there is a discrepancy in volumes on technical indicators and prices – be yourself.
Finally, the fifth is to listen to the experienced traders. William Gunn is one of the greatest traders of the twentieth century. He presented 28 rules that every trader should consider, regardless of the strategy they choose. Three of them will accurately answer your question of whether to follow the opinion of the crowd or not, here they are:
Use tools that identify a clear trend.
Do not give in to other people’s advice.
When closing a position, focus only on your own signals.
When deciding whether to follow the crowd or not, you should remind yourself of a number of significant points:
First: where one earns — the other loses.
Second, ” owls may not be what they seem, but they serve an important purpose: to remind us to look deeper into the dark.”A simple situation: you observe the trend shaped by traders and use it as a hint. However, during unexpected price spikes, these traders forget about psychological discipline: they have a psychological breakdown and your imaginary “team” is going through a financial collapse. What would help? Follow a reputable trader exactly as long as he acts reasonably – work on your personal emotions, think through your trading plan from any point where you may have to go on your own.
The third rule: do not follow the crowd. Various trading platforms, such as Aurum Trade, offer training zones. For instance, telegram channels and YouTube channels for registered users. It is really safer there, the entry conditions cut off the “unnecessary” and most importantly-allow you to hone your strategies in a unique situation: you are like being driven, but at the same time you have all the rights to act independently. Try a strategy in which assets are sold or bought at key prices against the general flow. Discuss with an expert trader such levels where the price movement can not always be understood correctly. It is there that emotional failures most often occur, which means that a door opens for your earnings if you are psychologically prepared.
Fourth: keep your distance. While the price starts to accelerate, move in the general direction. Enter the market when the price range is quite narrow and watch the setup before the start of a sharp jump – so you will be one step ahead. Do not rush to open a position, wait for a pullback and a decrease in sharp jumps-sometimes you need to make a step back. Buy or sell breakdowns, if there is a discrepancy in volumes on technical indicators and prices – be yourself.
Finally, the fifth is to listen to the experienced traders. William Gunn is one of the greatest traders of the twentieth century. He presented 28 rules that every trader should consider, regardless of the strategy they choose. Three of them will accurately answer your question of whether to follow the opinion of the crowd or not, here they are:
Use tools that identify a clear trend.
Do not give in to other people’s advice.
When closing a position, focus only on your own signals.
Bitcoin (BTCUSD) has just made new all time highs, this is a headline that has been written many times just not for a while. However, Bitcoin is back at it again, at the time of writing, BTCUSD is trading above $65,000 for the first time ever.To get more news about trader245, you can visit wikifx.com official website.
Bitcoin is the most popular and well known crypto currency, however, even if you have been living under a rock for the past couple of years, you will most likely have heard of the term ‘cryptocurrency’ before. But what are they? And how can you take advantage of these assets?
A cryptocurrency or crypto can be defined as binary data designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in the form of a computerised database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
Crypto is fast becoming one of the most popular avenues for investors, be that professional or retail. Crypto is really a love-hate topic. You are either one or the other; Bitcoin is the future and will be worth $100,000 by the end of the year, or it’s a bubble and its actual value is zero.
Either way, no-one can deny the amount of wealth that has been created throughout the trading of cryptocurrencies around the world. The current market cap of Bitcoin is over $1.2 Trillion USD, roughly a third of the FTSE100 Market cap, which has been around since 1984, and 10% of the Dow Jones index created in 1882. Bitcoin was created in 2009. The total market cap for Crypto is over $2.5 Trillion dollars, so it is definitely here to stay for now at least.
The ability to trade cryptocurrency in the UK has become more challenging over the past few months. Some brokerages are no longer offering the instruments to retail traders, and others have increased the spreads or increased the margin costs making it more expensive for traders to capitalise on the volatility.This past week we have witnessed Bitcoin reach all time highs of $65,000 following the news that Bitcoin ETFs are now available with the first bitcoin futures ETF making its debut and gained 4.8%.
One of the ways in which traders can take advantage of the moves is by trading through CFDs as opposed to physically owning and storing the given cryptocurrency in a wallet. The advantage of trading Crypto through CFDs over physical holds is that you can short sell the falling market and / or buy the dips very quickly and easily via desktop and mobile platforms, due to the fast execution times when placing a position.There is also the security factor in that you do not own any tokens that could be stolen or be hacked. Another benefit is the additional leverage offered when trading CFDs, allowing traders to use less capital to get direct access to the market.
However, if you are trading a smaller amount, be very cautious of the amount you are risking per position as the high volatility can catch traders out. The other factor to consider is your margin level on the account so that you are not taken out of your position with a margin call.We have found a broker offering Bitcoin and other cryptos at a highly competitive level. YLDFX is a brokerage regulated in Labuan. They have recently started offering cryptocurrencies CFDs via their Metatrader 5 platform. Finally, giving traders a fair and equal opportunity to trade the cryptocurrencies such as Bitcoin, Ripple, Ethereum and Litecoin.
They offer clients up to 100:1 leverage across the range of Cryptocurrency instruments with highly competitive spreads and much lower fees than trading a crypto currency directly through an exchange. Even for the die-hard crypto enthusiasts, this can be advantageous as they can hedge risk during market sell offs.
Bitcoin is the most popular and well known crypto currency, however, even if you have been living under a rock for the past couple of years, you will most likely have heard of the term ‘cryptocurrency’ before. But what are they? And how can you take advantage of these assets?
A cryptocurrency or crypto can be defined as binary data designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in the form of a computerised database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
Crypto is fast becoming one of the most popular avenues for investors, be that professional or retail. Crypto is really a love-hate topic. You are either one or the other; Bitcoin is the future and will be worth $100,000 by the end of the year, or it’s a bubble and its actual value is zero.
Either way, no-one can deny the amount of wealth that has been created throughout the trading of cryptocurrencies around the world. The current market cap of Bitcoin is over $1.2 Trillion USD, roughly a third of the FTSE100 Market cap, which has been around since 1984, and 10% of the Dow Jones index created in 1882. Bitcoin was created in 2009. The total market cap for Crypto is over $2.5 Trillion dollars, so it is definitely here to stay for now at least.
The ability to trade cryptocurrency in the UK has become more challenging over the past few months. Some brokerages are no longer offering the instruments to retail traders, and others have increased the spreads or increased the margin costs making it more expensive for traders to capitalise on the volatility.This past week we have witnessed Bitcoin reach all time highs of $65,000 following the news that Bitcoin ETFs are now available with the first bitcoin futures ETF making its debut and gained 4.8%.
One of the ways in which traders can take advantage of the moves is by trading through CFDs as opposed to physically owning and storing the given cryptocurrency in a wallet. The advantage of trading Crypto through CFDs over physical holds is that you can short sell the falling market and / or buy the dips very quickly and easily via desktop and mobile platforms, due to the fast execution times when placing a position.There is also the security factor in that you do not own any tokens that could be stolen or be hacked. Another benefit is the additional leverage offered when trading CFDs, allowing traders to use less capital to get direct access to the market.
However, if you are trading a smaller amount, be very cautious of the amount you are risking per position as the high volatility can catch traders out. The other factor to consider is your margin level on the account so that you are not taken out of your position with a margin call.We have found a broker offering Bitcoin and other cryptos at a highly competitive level. YLDFX is a brokerage regulated in Labuan. They have recently started offering cryptocurrencies CFDs via their Metatrader 5 platform. Finally, giving traders a fair and equal opportunity to trade the cryptocurrencies such as Bitcoin, Ripple, Ethereum and Litecoin.
They offer clients up to 100:1 leverage across the range of Cryptocurrency instruments with highly competitive spreads and much lower fees than trading a crypto currency directly through an exchange. Even for the die-hard crypto enthusiasts, this can be advantageous as they can hedge risk during market sell offs.
This section of the website will update you on the different announcements made by our top management. The section will publish all the Press Releases announcing the recent developments, done by the organization along with the plans for the future innovation.It will also inform you regarding any change in the overall structure of the organization and any change in the current management team.To get more news about sky markets, you can visit wikifx.com official website.
XinFin Fintech Pte. Ltd. and NarseeMonjee College Group have entered into a collaboration to extend its Hybrid Blockchain platform to 30,000 SVKM students to help them learn real-world applications of revolutionary technology. An initiative by Insight, the Global Youth Economic Summit - the Annual Business Finance and Economics Meet of NarseeMonjee College which was held from 7th February 2018 to 10th February 2018.
Just like 90’s Internet revolution, Blockchain technology is all the rage amongst everyone right now. Educational institutions are no different as more and more schools and colleges are joining the brigade to offer opportunities to their talented students to learn Blockchain technology.
The main hindrance in including this revolutionary technology into the mainstream curriculum is that there is no regulatory clarity in this field so only those blockchains which are enterprise friendly can only provide excellent career options and avenues to students. This is where XinFin plans to make a difference.
XinFin Ecosystem Development Head, AtulKhekade said, “XinFin Hybrid Blockchain is an enterprise-friendly blockchain that consists of both a Public state as well as a Private state. This distinction is very useful for enterprise use cases because various institutions may prefer to keep their financial transactions private but still be verifiable by an immutable record on the public state of the blockchain. Moreover, XinFinblockchain is using existing laws of the land and payment rails or using underlying XDC tokens in approved jurisdictions.”
Global Youth Economic Summit is an initiative of NarseeMonjee College of Commerce & Economics and XinFin where XinFin will be extending a Sandbox environment to more than 30,000 university students. The test environment will help students test, experiment and implement their skill-set on XinFin platform.
“XinFin not only aims to provide a test environment to the students but also ensures that ace students who are interested in the technology can take up jobs in the mainstream market after getting hands-on training on Blockchain. With this opportunity, students can leverage their practical knowledge and experience of XinFin Hybrid Blockchain and XDC protocol to work for niche enterprises directly,” admitted AtulKhekade, XinFin Ecosystem Development Head.
Speaking about the collaboration, Mr. Apoorv Sarin, Chairperson, Insight-Global Youth Economic Summit said, “We are really excited to collaborate with XinFin seeing the career avenues it will open up for our students. XinFin Hybrid blockchain is a regulatory compliance which makes it enterprise-friendly and experimental for our students who are willing to make a career in Blockchain Technology. With XinFin platform, our students will get a test environment which will help them learn technology closely and also implement their skill-set to create customized solutions for business process efficiency improvement. With this association, our students will be able to use their practical experience to get jobs in niche enterprises directly."
XinFin Fintech Pte. Ltd. and NarseeMonjee College Group have entered into a collaboration to extend its Hybrid Blockchain platform to 30,000 SVKM students to help them learn real-world applications of revolutionary technology. An initiative by Insight, the Global Youth Economic Summit - the Annual Business Finance and Economics Meet of NarseeMonjee College which was held from 7th February 2018 to 10th February 2018.
Just like 90’s Internet revolution, Blockchain technology is all the rage amongst everyone right now. Educational institutions are no different as more and more schools and colleges are joining the brigade to offer opportunities to their talented students to learn Blockchain technology.
The main hindrance in including this revolutionary technology into the mainstream curriculum is that there is no regulatory clarity in this field so only those blockchains which are enterprise friendly can only provide excellent career options and avenues to students. This is where XinFin plans to make a difference.
XinFin Ecosystem Development Head, AtulKhekade said, “XinFin Hybrid Blockchain is an enterprise-friendly blockchain that consists of both a Public state as well as a Private state. This distinction is very useful for enterprise use cases because various institutions may prefer to keep their financial transactions private but still be verifiable by an immutable record on the public state of the blockchain. Moreover, XinFinblockchain is using existing laws of the land and payment rails or using underlying XDC tokens in approved jurisdictions.”
Global Youth Economic Summit is an initiative of NarseeMonjee College of Commerce & Economics and XinFin where XinFin will be extending a Sandbox environment to more than 30,000 university students. The test environment will help students test, experiment and implement their skill-set on XinFin platform.
“XinFin not only aims to provide a test environment to the students but also ensures that ace students who are interested in the technology can take up jobs in the mainstream market after getting hands-on training on Blockchain. With this opportunity, students can leverage their practical knowledge and experience of XinFin Hybrid Blockchain and XDC protocol to work for niche enterprises directly,” admitted AtulKhekade, XinFin Ecosystem Development Head.
Speaking about the collaboration, Mr. Apoorv Sarin, Chairperson, Insight-Global Youth Economic Summit said, “We are really excited to collaborate with XinFin seeing the career avenues it will open up for our students. XinFin Hybrid blockchain is a regulatory compliance which makes it enterprise-friendly and experimental for our students who are willing to make a career in Blockchain Technology. With XinFin platform, our students will get a test environment which will help them learn technology closely and also implement their skill-set to create customized solutions for business process efficiency improvement. With this association, our students will be able to use their practical experience to get jobs in niche enterprises directly."
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