The trading techniques based on breakouts are very popular because they are quite profitable and can be used to trade in any market.  Many traders know the fact that after the price get caught into an area of consolidation a breakout usually occurs by which the price make a violent and extensive movement outside the area where it was consolidated.

These movements could be so strong that a trader can obtain high profits if enters the market in the right direction. However, the problem is that in many cases the traders who jump when there is what appears is a breakout realize the fact that the price returns to the area of consolidation and ends losing money. This is known as a fakeout or false breakout.
In fact, the fakeouts are so common that many investors trade and make money with strategies based on false breakouts.
An area of consolidation is a range in which the price gets caught during a specified time. The following image shows an example:

WWM-Forex Broker Review

World Wide Markets or WWM is a regulated Forex broker founded in 2011 from which also specializes in CFD trading and commodities trading with assets like gold and silver. It is a broker which offers direct market access and many financial assets to trade in the market.

WWM is a Non Dealing Desk broker, which means that it does not act as the counterpart of its clients in their trades and does not intervene directly in these transactions. In this way there are no conflicts of interest between the company and the trader since World Wide Markets acts simply as an intermediary between the customer and the market.

The flexibility of binary options trading compared to other financial products offers a number of opportunities for the trader, including the ability to speculate based on a variety of markets, which in turn offer a wide selection of underlying assets including currency pairs (Forex), stock indices, commodities and stocks. Having such a variety of assets among which we can choose, there are greater possibilities for the trader to perform an operation with a binary option that ends In The Money.

When we trade with binary options, there are two possible outcomes. The role of the trader in this scenario is to predict whether the price of the underlying asset will go up or down with respect to a certain price (usually the entry price of the option) and an equally predetermined period of time, known as expiration period or expiration time.

When a trader operates in the binary options market, basically what he does is a prediction about what direction will take the price of an asset for a predetermined period of time. When the time of option expiration arrives, the trade can produce two possible outcomes - the option expires In The Money or Out The Money.

When a trader incorrectly predicts the direction of the underlying asset price, then the option expires Out The Money, which means that this is a losing trade. In binary option strading, when the option expires Out The Money means that the trader was wrong with respect to his market forecast and therefore the underlying price moves in the opposite direction to the direction predicted during the expiration period of the option contract.

At The Money Binary Options

In binary options trading a trader must predict the price movement of an asset in the market during a predetermined period (the expiration period or maturity). When the time of option expiration arrives, it can produce only one of three possible outcomes for the trade.
If the price of the underlying asset moved in the direction predicted by the trader, then the option will have expired In The Money (a winning trade). But if the asset price moved in the opposite direction, the option will have expired Out The Money (a losing trade). However, it is said that a binary option has expired At The Money when the option value ends at the same level as the original exercise price (strike price) once the maturity of the transaction occurs. For the trader, an option that expires At The Money results in an operation that does not generate profits or losses as it is considered that the option did not end in the gains zone or the loss zone. In other words it is a transaction that ended in a "tie".
However, there are brokers that handle binary options At The Money like options Out The Money, ie as losing trades. The reasoning is that since the trader must select one of two options -call or put- based on a possible rise or fall in the value of the asset, a result indicating that there was no movement in the underlying price means that the trader has incorrectly predicted the outcome of the operation.

Example of a binary option that expires At The Money

For example, if a trader places a Call Binary Option  of 1 hour at 14:00 based on the stocks of BNP Paribas (which value at that time is €43.00), the option will expire At The Money if the stock ends with the same value (€ 43.00) at the time of maturity at 15:00. In this case, the operation produces no gain or loss since the price has not finished up (as predicted by the trader) or down (in which case the trade would have ended The Money Out).

Note that if the value of the stock would have closed at €43.01 or more at 15:00, the option would have expired In The Money and the trader would have made ​​a profit.

The binary options broker Finmax is offering during 2017 a series of promotions for its new clients that include a welcome bonus of up to 100% and a risk free transaction in which the broker assumes the trader´s lost in case the option expires Out The Money. In the case of the welcome bonus this is a deposit bonus whose terms are fairer compared to other similar promotions that have previously given bad reputation to many binary options brokers because of their unclear conditions that fall into deception.

-Period of validity of the promotions: Finmax has not indicated a deadline for these offers and therefore they are valid throughout 2017 or until the company indicates otherwise.

Below we will describe both offers and their main conditions:

The Piercing Line candlestick pattern is a reversal formation that occurs in downward trends and usually indicates a possible change from bullish to bearich trends. This pattern has a high reliability and can be identified as follows:
  • This formation is only formed during downtrends.
  • The first candle is always a big black candle (bearish).
  • The next candle should open below the low of the black candle.
  • The white candle of the next period should close at least above the midpoint of the real body of the black candlestick.

When we trade in the Forex market at some point we will cross with requotes. While this does not happen all the time, it can happen and the trader should know what they are, what they mean and how to avoid them.

What is a re-quoting?

A re-quoting in the Forex market means that the broker with which we are trading is not able to provide us with an entry into the market based on the price we asked at the beginning when we send the order. Usually this occurs in highly volatile markets in which prices move up or down very quickly, usually in the periods in which important economic or political news are announced but also can be caused by some event that had a strong impact on the market. 

365Invest - Broker Review

365Invest is a regulated Forex and CFD broker from Europe which offers access to many markets, besides Forex, through Contracts For Difference. It was founded in 2016. This broker offer several services to its clients, including a web based trading platform, platforms for mobile devices, educational resources, low and variable spreads (through a STP execution) and more.

It is an ECN / STP / NDD type broker, which means that its clients can operate under ECN trading conditions and without direct intervention of the broker (without dealing desk), so that transactions are carried out directly in the market with variable and low spreads and with the best quotes (the broker acts as an intermediary between the customer and the market).

In binary options trading, the expiry time or maturity is defined as a predetermined time, or hour in which the result of a trade is determined. When a trader opens a position with options, the broker indicates the relevant expiry time for the binary option. When that moment arrives, the value of the underlying asset (known as Expiry rate) is determined, which results in a positive or negative result of the transaction for the trader. 

When a trader opens a position with digital options (High/Low), the time of initiation of the trade is known as Strike Time. Before the execution of the transaction, the trader is required to select an underlying asset and make a prediction about price direction. If the trader believes that the asset price will go up, he places a call option based on the asset, but if he thinks that the price will go down, then he places a Put option based in this asset.

Depending on the broker, the trader receives a range of alternative of maturity periods that can be applied in a variety of types of underlying assets (Forex, stocks, indices and commodities). This range of maturities includes periods of a few minutes, hours, days or even weeks. The expiry time is an important element in the execution of a trade with binary options, as the length of time may influence how the price of an asset reacts to various changes in the market. Once the transaction reaches the expiry time of the binary option, the value is determined, and finally is determined whether the trader's prediction was correct or not, and subsequently, if the transaction finished In The Money or Out The Money.

The Ladder Option is a peculiar sort of binary option contract, which isn’t even widely available: only a limited number of brokers feature them. Still, some traders prefer the ladder, because it’s a little more intricate and a little more interesting for many than a simple Put/Call or Touch/No Touch contract, plus, it allows traders to take advantage of more sustained bullish or bearish trends, while mitigating some of the risks that come with such an approach. 

General definition

The Retail Sales Index is a report that considers the sales of goods in the retail sector during the previous month. This is a monthly figure, which always refers to the previous month in which the Census Bureau and the Department of Commerce of United States issued the report. This report is compiled and issued approximately two weeks after the end of the month.

This index is based on data obtained from samples which are extrapolated to the entirety of the whole country.

The increase in prices over time, which is inflation, in an economy experiencing growth is inevitable. Furthermore, it is accepted by most economists that a moderate rate of inflation is positive for the economy. In this regard, central banks try to control inflation to be kept within certain limits in order to exploit the positive effects of inflation and reduce the impact of negative effects. In this sense, monetary authorities maintain a constant struggle to control inflation and other monetary forces affecting the economy.

Increases in interest rates

Increasing interest rates is one of the main measures taken by central banks to reduce inflationary pressure when this is high. Moreover, it is easy to apply strategy whose effects are usually seen reflected faster in the economy in comparison with the effects of other methods. By raising interest rates, the central bank raises the benchmark interest rate at which commercial banks will look when granting loans to their clients.

Undoubtedly, although pure technical analysts do not want to recognize it, the important economic news and announcements have a profound impact on the market. In some occasions it is only through such data that can be understood sudden rises and drops in the major currency pairs. For this reason it is always important to be aware of the major economic events worldwide, in order to take advantage of an opportunity or avoid a sudden market movement against us.

For this, we can make use of an economic calendar Forex, which are offered free by some of the leading Forex brokers. However, for this tool to be useful we must learn to read and interpret it properly, for which we include a small guide below:

Ichimoku indicator is one of the most versatile indicators, with many facets that contribute to identify support and resistance, trend direction, entry points and exit points. It was developed by Goichi Hosada, a Japanese journalist who called it Ichimoku Sanjin ("view of the Mountain Man"). It is widely used since the 60's in Japan and since the late 90's of XX century has been gaining popularity in the West. Ichimoku Kinko Hyo could be translated as "balanced graphicat first sight", which gives an idea of the functionality of this indicator in technical analysis.

FXPrimus-Broker Review

FXPrimus is a Non Dealing Desk/STP Forex broker created in 2010 that allows to trade in the Forex market with the main currency pairs, precious metals like gold and silver and Contracts For Difference based in several assets (commodities and the main stock indices). Currently, is a regulated broker in Europe.

Currently it is fully regulated and has offices in several countries around the world.

The Forex and CFD broker FXPrimus (regulated by CySEC of Cyprus) has launched a trading contest for real accounts, called Gold Rush, in which the participants can obtain interesting prizes in the form of physical gold (currencies of 1 ounce of 24 carats) trading in spot gold (XAU/USD) and spot silver (XAG/USD). This is a tournament for traders that will last approximately two months and reward participants based on the volume and frequency of their transactions and not based on the performance they get in their trades, as in other similar competitions. All FXPrimus customers with a real account can participate.

-Competition period: The competition will take place from May 2 to June 30, 2017.

The RSI Divergence indicator is a modified version of the classic RSI developed for Metatrader 4, which offers the possibility to trade not only with the classic overbought and oversold levels, but also to find the classic and hidden divergences between price and indicator, which often only more experienced traders can detect. This indicator can be used with any asset and in any time frame, although the most reliable signals are generated in the larger time frames

No matter how absurd it may sound, a fake Forex blog does exist. Online foreign exchange traders go to Forex blogs to fill up the void in terms of trading information, news and insight. And when there is a need, there are also those that take advantage by filling that need with scam and useless information. It is risky enough to be in Forex trading, how much more so with the possibility to be drawn towards a fake Forex blog?

Look out for those outrageous headlines. For online users that have one time or the other been drawn to scams, the headlines might have done the trick. It is silly to put the finger on it but it is true: Be a millionaire trading foreign exchange! Gain $2000 a day trading Forex! These headlines provide easy solutions to everyday problems in a few words. In equipping oneself with trading knowledge, one finds out early on that these offers are impossible. Yet, trading can be complex that one just wishes for an easier path to the fulfillment of its goals. At the end of the trail, one is bound to be buying the blogs’ offerings and losing more money with nary the offered millions in sight.

In this article we will discuss about a technical indicator called the Accumulation Distribution Line (ADL or A/D) which was developed by Marc Chaikin. This indicator was designed to measure the cumulative flow of capital of a financial asset such as a currency pair, a stock or a commodity for example. For this reason, is based on the volume and is used primarily as a tool to corroborate the trend of the asset.

Likewise, the ADL is also used to be ahead of the normally occurring variations in market trends, for which the trader can make use of the divergences between the indicator and the price of the asset, which often precede changes in the direction of the current trend. This indicator consists of the following elements:

The carry trading is a strategy in which an investor sells a certain currency with a relatively low interest rate and buy another currency with a higher interest rate. The aim of this strategy is to get as profit the difference between the two interest rates, a benefit that may become attractive depending on the amount of leverage used. As the profit comes from the interest rate differential, you can make a profit even if the price of the currency does not change a single pip.

Although the Forex market operates 24 hours, is taken by consensus UTC 0 hours as the end and beginning of a new trading day. In Forex trading, at the end of each day is credited or charged to the account of the trader the spread between the interest rates of the two currencies of the curreny pair in which the trader have open positions at this time (this is known as Rollover).

Chaikin Oscillator is a technical indicator developed by Marc Chaikin to measure the momentum of the Accumulation Distribution Line using the formula for the MACDTherefore, it is an indicator of an indicator. Chaikin Oscillator shows the difference between the 3-day EMA of the Accumulation Distribution Line and the 10-day EMA of Accumulation Distribution Line. Like any other momentum indicator, this indicator is designed to anticipate changes in direction, in this case the Accumulation Distribution Line, by measuring the momentum behind the moves. A change of momentum is the first step toward a market trend change. Therefore, this indicator can help to anticipate trend changes of the asset that is being analyzed.

The Chaikin Oscillator generates signals with the crosses above or below the zero level and with the divergences.

MetaTrader 4, the most known and used platform for Forex trading has a lot of tools and options which are little known and used primarily by ignorance. This is due largely to the fact that very few users read the manual built into the platform. In this article we will see some of these options and utilities unfamiliar. (Much of what is described below applies equally to Metatrader 5).

Market watch window

The Metatrader platform, newly installed, does not show all instruments available to trade on the broker, but a few. You can see in the market watch window the list with several interesting options.

The Forex and CFD broker RoboForex (regulated by CySEC) is offering for a limited time a promotion consisting of a deposit bonus of up to 115% for each deposit made by the trader in his account. In this case, there are no limits as to how much money a customer can collect through this offer.

The amount of the bonus depends on the amount deposited by the trader, and ranges from 50% to 115%. Likewise, the bonus money can be withdrawn without restrictions once certain requirements of the offer are met.

 -Period of validity of the offer: This promotion have no time limit, however RoboForex can modify the terms or even cancel the offer at any time. So, it is valid during all 2017.

Investing in the Forex market offers huge advantages over buying and selling  shares in the stock market especially if you're a small investor who does not have a large capital to invest. Here are the main advantages of the Forex market with respect to stock trading:

The Forex market operates 24 hours a day

The Forex markets operates continuously 24 hours a day, Monday through Friday. This market opens on Sunday at 14:00 hours (New York time) and closes on Friday at 16:00 hours (New York time). In this way,  traders from around the world have the advantage of being able to react quickly to the main news of the market and can set their own schedules to trade as they have the possibility to trade during the trading sessions in the financial markets in United States, Europe and Asia.

Bulltrax is an affiliate program created by the binary options broker 10Trade of Europe (a company regulated by CySEC of Cyprus) in order to promote its services and gain new customers who open a trading account with this company and deposit funds. To this end, Bulltrax  has designed a series of promotional resources which are based primarily on the Internet, such as banners, logos, links and more. With these tools and the commission plans offered, this program is an excellent option for monetizing blogs and websites whose main topics are related to binary options and financial markets in general.

10Trade, binary options broker

Review of the Binary Options Broker 10Trade

10Trade is a regulated binary options broker from Europe which was funded in 2014 and offers many different features such as various types of options (including 60 seconds options and Ladder bet options), multiple underlying assets like currency pairs (Forex), stocks, stock indices and commodities and a web based trading platform with trading functions such as "Rollover" and "Double Up". This broker offers the possibility to open an account and trade with just $200.

Also, it is a fully regulated broker which operates under MiFID rules in Europe and with segregated accounts (isolated accounts in global banks). 

Because it is no centralized market, Forex is open 24 hours a day Monday through Friday. However, not all time is equally suitable to enter the market. In fact, there are periods that offer excellent earning potential while others should be avoided since they have low liquidity and movement.
Many traders know that the period corresponding to the London session is the period that has more movement compared to other sessions, however, there are certain days in the week in which markets tend to show more movement.

Usually it is best to trade during midweek, as in this period is when most of the action occurs in the market.

Friday markets remain relatively active until 12:00 pm EST and thereafter the activity falls until the closing occurs at 5:00 pm EST. This means that on Friday, traders work only half a day since most are kept off the market for the rest of the trading session.

The broker RoboForex, a company specialized in financial services with Forex, precious metals and CFD, offers a promotion to all its customers that consists of a cashback promotion (Forex cash rebates), which is based on the volume traded by the client each month. It is a service that allows customers to reduce the spread costs on all types of trading accounts.

This service is permanent and available to all traders who have Cent, Standard or ECN accounts.

Flags patterns

Flags are chart patterns which occur mainly during the consolidation periods, particularly while the market exists in a tight range. When it comes to flag formation, it has both optimistic and pessimistic interpretation. But this relies upon the currency pair´s trend existing in the market. When the Forex market (or any other financial market) goes up, the bullish flag (descending flag) tends to move downwards and when the market moves down, the bearish flag (ascending flag) will move upwards. Remember, flags and pennants are closely connected and have an extension pattern that will represent a pause over the market dynamics.

These chart patterns are most usually observed after a huge and intense move in the market trends. With a breakthrough in the market, there will be a usual uptrend/downtrend in the market following the same direction. Many potential resources and case study have stated that, the flag chart pattern has proven to be one of the most reliable formations in the charts market analysis.

The Forex and CFD broker RoboForex (regulated by CySEC) announced that it will offer a new promotion for new customers consisting of a welcome bonus of 30 USD. Through this offer, the trader can obtain initial trading capital of USD 30 at the lowest cost for their investments. It is not a completely free bonus since it requires the deposit of 10 USD in the trading account. This bonus can be used to trade with any instrument offered by RoboForex, including Forex and precious metals.

 - Period of validity of the promotion: At the moment RoboForex has not specified a deadline for this offer, therefore it is valid throughout 2017. however, the company can modify the terms or cancel the offer at any time.

What are pennants patterns?

The Pennant is one of the most popular patterns used by technical analysts and it is basically a short-medium term continuation chart pattern used by many traders in many financial markets. This chart pattern will exist and last long from one to three weeks of time. The pennants are formed in both bullish and bearish trends and indicate that there is a high probability that the trend will continue in the same direction. Depending of the direction of the previous trend, the pennants can be classified in two types:
  • Bullish pennants (Ascending pennant).
  • Bearish pennants (Descending pennant).
After a big upward or downward market movement, buyers or sellers usually pause to regain strength before taking the financial asset price further in the same direction. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant.

While the price is still consolidating, more buyers or sellers usually decide to jump in on the strong move, forcing the price to escape of the pennant formation.

The Renko charts are a type of price chart developed in Japan which only shows price movements; time and volume are not included. The Renko charts are constructed by placing a brick or box in the next column once the price exceeds the high or low of the previous brick by a predefined amount. The white boxes are used when the direction of the trend is up while the dark squares are used when the direction is bearish. This type of chart is quite effective for identifying support and resistance levels.
The trading signals occur when the direction of the trend changes and the bricks alternate colors.  The Renko charts work similar to Point & Figure charts, however they are easier to read and follow.

The Forex and CFD broker RoboForex (regulated by CySEC) has expanded the ContextFX trading contest list and has launched the weekly contest for traders "Week with CFD", a competition between traders, the best of which is decided based on the maximum profit at the end of each week. It is a competition for demo accounts which offers the opportunity to win important cash prizes without risking money in the process.

 -Competition period: For the moment, the Week with CFD competition will be held every week during 2017 or until the company specifies otherwise. The first round starts on January 1, 2017.

The Force Index is a trend-following oscillator that quantifies the movement of the market. It combines three basic elements such as the direction of movement, scale and market size. It relies on an auxiliary line to provide greater clarity so that it indicates a dominant bullish trend when the indicator remains above this line and a bearish trend when the indicator remains below.

Like all good indicators, the Force Index, has a very simple construction. This is simply to plot the slope between the last two prices and multiply the result by the volume involved. Once we have calculated the oscillator, the peaks are smoothed using an exponential moving average, because in its original form, these peaks can be very steep making it difficult to use in a trading system. The formula to calculate this indicator is the following:

The Forex and CFD broker FXTM (regulated by CySEC) is organizing a trading contest for real accounts, which will be developed throughout 2017 and has a total prize pool of USD 400000. This competition, called FX Circuits, consists of 8 individual rounds or circuits that will take place during this Formula 1 season, and in each round, the winners can obtain important prizes in cash. 

-Competition period: Each round has a duration of 5 days and corresponds to the 8 circuits of the Formula 1 season. For example, the first round will be held from May 22 to May 26 and the registration period for this circuit is from May 1 to May 26 May of 2017.

Changes in the trend

 A fundamental aspect that very few traders dominateis how to determine when a trend is nearing its end and about to change to start a new trend. The turning point in which the change in the trend´s direction occurs is known as trend reversal. In many times the traders often find themselves in situations where they do not know if a trend will continue or reverse, for example when the market is in a lateral trend (the price moves without a defined trend). 

In these cases these traders do not know if the trend is in a period of respite, gathering strength to continue  its movement or the market is at the beginning of a possible change in trend direction. In these and other similar situations the trader does not know whether to continue backing the current trend or wait a significant change in it. An error in this aspect can lead to large losses if the trader is not careful.

In order to identify the end of a trend the trader should watch carefully important price levels such as resistances, supports and maximum and minimum which are reached during the movement of prices. Normally, during an uptrend, prices tend to produce higher highs and minimum that each time are successively higher than the preceding minimum. If we observe a high which is lower than the previous high and breaks down the trend line, this is a clear sign that this a possible reversal in the market trend (of course this is a high probability signal which does not have 100% reliability since it can be simply a temporary reversal in the trend).

The broker Trade.com, owned by a company regulated by CySEC in Cyprus and specialized in Forex, Contracts For Difference and binary options, is offering their new customers a free welcome bonus of $25 for all traders who open a trading account. No prior deposit is required by the customer, ie that it is not a deposit bonus. With this promotion, the trader can evaluate the services of the broker and start trading in the financial markets without using their own money. In other words, there is no risk.

-Period of validity of the promotion: For now, this promotion is valid throughout 2017 and early 2018, however, the broker Trade.com may change the terms and even cancel the offer at any time.

The Forex broker EasyMarkets (regulated by CySEC and ASIC) offers its customers the ability to trade Forex Vanilla options, ie traditional options contracts based on the main currency pairs. In this case, these are OTC options contracts (Over-The-Counter), which provide many advantages to the trader, thanks largely to the trading platform of EasyMarkets, which is an intuitive and easy to use application even for traders with little experience in trading in these derivatives.

What are the Forex Vanilla Options of EasyMarkets?

The Forex Vanilla Options are contracts that give the trader the right, but not the obligation, to buy or sell a currency at a price and amount previously selected by the trader, and on a specific date in the future. With these contracts, the trader may choose to buy and hold a position open until the time when the expiration occurs, or can close the position in advance by selling the options in order to capitalize the desired benefit early.

Indicator Parameters and Configuration

  • MA_Period (normal value = 14): The period of the simple moving average displayed by the indicator in a separate window below the graph.
  • BarsToCount (normal value = 400): It indicates how many bars or candles are used to calculate the indicator.

This is a custom indicator for Metatrader based on the Detrended Price Oscillator which is a development or version of the price oscillator. Basically, this oscillator is based on the difference between current price and the simple moving average displaced an amount of bars equal to 1 + (period / 2). Unlike the stochastic oscillator, this indicator is intended to show the changes in short-term trend, ie waves or price movements within the long-term trends. As can be seen in the picture above, the indicator is displayed in a separate window like other oscillators. 

The most significant trend changes are shown by crosses of the indicator (blue line) with the zero level. However, because this is an indicator that experiment a delay with respect to price, sometimes it may be best to predict or anticipate the crossings into the market at the right time. While not a particularly appropriate tool to open and close positions, it can be useful for confirmation of short-term trends. 

You can download this indicator for Metatrader 4 and 5 using the following link: 

What is the Detrend Price Oscillator?

The Detrended Price Oscillator, also known by its acronym DPO, is an indicator used in technical analysis which is designed to provide information on the price of an asset taking into account fluctuations in the short-term price but no in broader movements in the medium and the long term.

In other words, we can say that the DPO does not take into account the price trend and focuses on fluctuations in the trend. The Detrended Price Oscillator is calculated by subtracting from the current closing price the value of the simple moving average of n days or periods. n (the period for the moving average) is calculated by dividing the period chosen between two and adding one. For example:

The company RoboForex, a broker specialized in Forex and precious metals (gold and silver spot) is offering a new bonus package for all customers, both new and regular. This package is a bonus of 10% to 50% for every deposit of funds made by its customers in any of its trading accounts (MT4 Accounts). These bonuses can be withdrawn without any restrictions once the trader meets the necessary requirements. 

-Period of validity of the promotion: Currently this offer is valid throughout all 2017, however RoboForex may modify the terms and even cancel the offer at any time.

This trading system seems to be relatively profitable because it quickly stops the losing trades and let the winning trades run, ie the ideal of all profitable trading systems. As with any strategy is very important to have discipline and follow the rules to the letter, not "hunches" or anything similar.

The first thing we will do is set the graphic settings as follows:
By using a SMA 50 in the High and a SMA 50 in the Low we form a channel which use is described below:

We continue with the harmonic patterns, which usually indicate potential reversal zones in the market price, although as always, ideally it is better to confirm their signals with other technical tools. Today we will see the Crab pattern. It could be said that within the harmonic patterns is one of the favorites among investors due to its effectiveness or reliability in detecting possible changes in market trends.

In 2001, Scott Carney discovered this pattern that which like other similar price formations must comply with a series of basic principles. It is actually a pattern very similar to the Butterfly harmonic pattern, but the difference lies in that while the Butterfly pattern ends at a point representing a Fibonacci extension of 127% of the initial XA movement, the Crab pattern ends at a point representing a Fibonacci extension even more extensive of 161.8% of the XA movement. 

The Forex broker RoboForex has joined the list of companies offering social trading solutions to its customers, specifically copy trading, through a new service called CopyFX, which allows follow and copy the transactions made ​​by other traders who trade in the Forex market with this broker.

The CopyFX service offers the customers of RoboForex the possibility not only to simplify the negotiation process and reduce the risks, but also additional benefits for their experience and skills to predict the behavior of markets, in the case of the more experienced traders.

In CopyFX system, every customer can choose from the following variants:
  • Investor: It is an ideal option for investors who are interested in multiplying their money but do not want the responsibility of making transactions on their own or do not have the knowledge and experience to be successful traders. CopyFX offers the customers of RoboForex the opportunity to work with experienced traders and copying their orders directly into their own trading accounts.
  • Trader (Signal Provider): This is the option for successful traders and with experience in the Forex market who are interested in obtaining additional profits by sharing their experiences with other investors, but at the same time lack the confidence to take direct responsibility of the money from others. After becoming a Trader in the CopyFX system, the operator can continue their normal trading activities and receive commissions/a percentage from investors who copy their transactions.
For each of these variants, RoboForex created the simplest and favorable conditions of operation and cooperation. All the customer has to do is to select the best option according to their needs.

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