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zuinjimi

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Everything posted by zuinjimi

  1. Volatility (both positive and negative) can be measured by the standard deviation of returns. Standard deviation is a measure of how much a statistic deviates from its average. Lower standard deviations mean the results didn’t vary much, and higher ones mean there was more variability.
  2. Because cryptocurrencies are not connected to a specific economy, they pose major challenges to traditional currency analysis methods. Many of the analysis tools that traders use are simply irrelevant to cryptocurrencies and for analyzing Bitcoin, Litecoin or other cryptocurrencies. Cryptocurrencies could require new strategies and a new way of analytical thinking.
  3. Day trading isn't something to do on a whim. It requires a sound and rehearsed method that gives you a statistical edge on each trade you make. Start by watching live charts (available for free) of an asset move. As you watch, ask yourself: How would you get into a trade? How would you get out (for both winning and losing trades)? How much would you risk on the trade and what position size would you take (how many shares, lots or contracts)? After deciding all this, what are the odds that trade will be profitable, and if taking the trade 100 times what tendencies do the strategy show? The only way to answer all these questions is by implementing the same method over and over again and monitoring the results. A strategy can be created simply by finding tendencies in the daily price action of an asset, or a strategy can be learned from someone else.
  4. I think forex is a great place for beginners Before they begin, they need to know the following: There are two distinct features to currencies as an asset class: You can earn the interest rate differential between two currencies. You can profit from changes in the exchange rate. An investor can profit from the difference between two interest rates in two different economies by buying the currency with the higher interest rate and shorting the currency with the lower interest rate. Prior to the 2008 financial crisis, it was very common to short the Japanese yen (JPY) and buy British pounds (GBP) because the interest rate differential was very large. This strategy is sometimes referred to as a "carry trade."
  5. One of the biggest differences between forex and stocks is the sheer size of the forex market . Forex is estimated to trade around $5 trillion a day, with most trading concentrated on a few major pairs like the EUR/USD, USD/JPY, GBP/USD and AUD/USD. The forex market volume dwarfs the dollar volume of all the world’s stock markets combined, which average roughly $200 billion per day.
  6. In any asset class, the primary motive for any trader, investor or speculator is to make trading as profitable as possible. In commodities, which include everything from coffee to crude oil, we will analyze the techniques of fundamental analysis and technical analysis, which are employed by traders in their buy, sell or hold decisions. The technique of fundamental analysis is believed to be ideal for investments involving a longer time period. It is more research-based; it studies demand-supply situations, economic policies, and financials as decision-making criteria. Traders commonly use technical analysis, as it is appropriate for short-term judgment in markets and analyzes the past price patterns, trends, and volume to construct charts in order to determine future movement.
  7. Binary options in forex are available from exchanges such as Nadex which offers them on the most popular pairs such as USD-CAD, EUR-USD, and USD-JPY, as well as on a number of other widely-traded currency pairs. These options are offered with expirations ranging from intraday to daily and weekly. The tick size on spot forex binaries from Nadex is 1, and the tick value is $1. The intraday forex binary options offered by Nadex expire hourly, while the daily ones expire at certain set times throughout the day. The weekly binary options expire at 3 P.M. on Friday. For forex contracts, Nadex calculates the expiration value by taking the midpoint prices of the last 25 trades in the Forex Market, eliminates the highest five and lowest five prices, and then takes the arithmetic average of the remaining 15 prices.
  8. The global forex market does more than $5 trillion in average daily trading volume, making it the largest financial market in the world. Forex’s popularity entices traders of all levels, from greenhorns just learning about the financial markets to well-seasoned professionals. Because it is so easy to trade forex – with round-the-clock sessions, access to significant leverage and relatively low costs – it is also very easy to lose money trading forex
  9. Enter a trade when the prices break above or below the upper or lower trendline of the flag. A stop-loss is set just outside the flag on the opposite side of the breakout. For the stock market, "just outside" is $0.01 or $0.02, in the forex market, one or two pips, in the futures market, one tick. Note that if the parallel lines of the flag are sloping then the breakout point (entry) will change over time (because the lines slope over time). Flags are often considered continuation patterns, meaning that the breakout tends to theoretically occur in the direction of the preceding move (same direction as the pole). Examine enough price charts and you'll recognize this bias is wrong as often as it is correct. The simplest way to trade the pattern is to wait for the breakout, and trade it; anticipating the breakout direction is a more advanced skill. If a trade does break out in the same direction as the preceding move, the following profit target(s) can be used.
  10. When you start out day trading or swing trading, or if you want to get into it, you may wonder how long it takes to become a successful trader. Establishing realistic expectations is important. If you think you’ll get rich in a few weeks you’re setting yourself up for disappointment. Yet, it shouldn’t take years of training before you see some cash flow either.
  11. First, we need diligence to successfully implement any financial plan. In the example above, those with livestock are advised to carefully monitor the state and condition of their animals. If an animal becomes ill, it needs special care. Insufficient food or water for livestock requires immediate attention. A farmer with herds must look after his animals if they are to survive and the household is to prosper. How does this apply to those of us who aren’t farmers or ranchers? The fundamental lesson is that we cannot expect financial success by simply devising a plan and then blissfully ignoring the factors that affect it. Instead, we must know where, how and why we spend our money and what is happening with our assets. If we ignore this principle of diligently monitoring our finances, we will find ourselves making poor decisions and spending money we don’t have.
  12. I am coming across this question for the second time. The first time, I had thought of passing it. But the subject of trading, especially profitable trading being dear to my heart, I had to come back to answer it. First things first. You have done well to get 30% profit as you have stated. I hope you are still maintaining profitability though would not be surprised if the profit is gone. Now coming to your question— The answer is YES. One or two percentage points more or less do not matter. It is a fact that winning traders are far fewer than losing traders. And this has been emphasized in most of the answers.
  13. These are some of the apps that might help you in getting the best forex trading signals -: 1> eToro App 2> NAGA Trader App 3> ZuluTrade App Thanks.
  14. Currently, it is bullish in fact The 70s were an amazing time for gold and the mining stocks, as they went on a mega bull run and generated astronomical returns while the stock market floundered. However, by 1980, the price of gold peaked at over $800 per ounce and then entered a 20-year bear market. From 2001-2011, gold went ballistic again, going from $250 per ounce to a peak price of $1,900 by the late summer of 2011. Most investors know what happened since then - gold collapsed and has spent the last 5 years in the $1,200-$1,300 range (with a brief dip to $1,050-$1,100 back in 2015). With the weakness in the sector last fall, many wondered if gold was about to fall back to $1,100, or worse, hit triple digits. In fact, several months ago, I was receiving many emails from subscribers and followers, asking me if this might be a repeat of 1980-2000, which would make this only year 7 of a 20-year bear market. Just the thought of that! What an incredibly sinking feeling for whatever bulls that remained at the time. There seemed to be a real fear of this possibility.
  15. Tips to find the best forex signals service, providers- 1> Look for profitability and verified track records. 2> Apply for a trial period. 3> Check the provider’s time zone. 4> Do the signals suit your trading style? 5> Signal charts and analysis. 6>Additional support (If Required). 7>Shortlist and compare signal service providers.
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