Author: rcanessa - Page 20

China’s digital yuan to be regulated as M0 money

Once the new currency is issued, it will be classified as M0 (cash issued by the central bank).
Everything indicates that the government refines details, but there is no official launch date yet.

The digital yuan will meet all the requirements to be accepted as legal money and will have all the functions of China’s fiat currency. It will also be regulated like cash. This was pointed out by the vice president of the Central Bank of China (PBoC), Fan Yifei, in a recent publication.

According to the vice president’s opinion article, published on September 14 in the local media “China Financial News,” China’s new central bank digital currency (CBDC) will circulate as M0 (money issued by central banks). This fact means that it will be part of the supply of paper notes and coins of the Asian country, and as such it will be totally controlled by the central bank.

Mcginley Dynamic Indicator For Metatrader 4

by rcanessa

The Mcginley Dynamic Forex indicator for the Metatrader 4 platform is an indicator based on moving averages that have a smoothing factor to reduce false signals.

Its trading signals are very simple:

If the price action is above the Mcginley indicator: look for possible buy signals.
If the price action is below the Mcginley indicator: look for possible sell signals

The indicator settings (period, smoothing factor) can be changed directly from the indicator settings tab.

As with any technical analysis tool, it is not recommended to use this moving average as the sole criterion for analyzing and opening positions in the market. Use it in conjunction with an oscillator type indicator (such as the MACD, or the stochastic oscillator) to build a complete trading system.

Morgan Stanley strategist predicts good performance for bitcoin and gold in coming years

by rcanessa

Ruchir Sharma believes that next year the inflation of the dollar will be noticed.
For Sharma, the next few years will be better valued stocks that preserve their value.

Morgan Stanley’s head of emerging markets and global strategy commented that commodities such as gold would do well for the next 3-5 years, and included bitcoin among them. Ruchir Sharma shared his point of view with Julia Chatterley, a CNN reporter. In his conversation, he showed his vision on how the economy and the global financial market will behave from 2021.

Fibonacci Retracement Trading System For Forex

by rcanessa

In this article we are going to explain a trading system based on Fibonacci retracements and the weighted moving average (WMA), which can be used in any market and in most time frames. Therefore, it requires a basic knowledge of Fibonacci tools, although nothing complex.

Fibonacci tools can be found in the vast majority of trading platforms, such as Metatrader 4, so this system can be used on any platform that the trader chooses.

If you do not have knowledge about Fibonacci indicators, you can consult the following article: Fibonacci in Forex Trading

Basically, it is a technical trading system that focuses on opening positions in the trend direction, using Fibonacci retracements as price zones to enter the market. In other words, it is a trend following system. The WMA moving average is used to determine the best time to open positions.

TRIX Indicator for Metatrader 4 – Free MT4 Indicator

by rcanessa

In this article, we are going to show a modified indicator for Metatrader 4 that allows adding the Trix indicator to the price charts on this trading platform. Initially we explain what is the Trix and how it can be used to analyze the market and trade. Later we will show the most common strategies to trade with this technical tool and finally, we include the modified indicator for download, along with its setting parameters.

Before we begin, we want to point out that as with any other technical indicator, the Trix and its signals should not be used alone to make important decisions regarding our trades. It is recommended to use a set of analysis tools (a complete trading system) that provide an overview of what is happening in the markets.

Bullish Doji Star Candlestick Pattern

by rcanessa

The candlestick pattern Bullish Doji Star is a trend reversal formation that occurs in bear markets and all timeframes, which indicates that there is a certain probability that a change will occurs from bearish to bullish trend. This is a pattern with an average level of reliability, which can be identified as follows:

The previous trend in the market before the pattern appears is bearish.
In the first period a long black candle is formed
In the second period a Doji is formed with a bearish gap in the price.
Doji shadows (upper and lower) are not extensive.

How can I learn to maximize profits and minimize my losses in trading?

by rcanessa

There are certain facts that have remained strong in recent years in connection with trading. Experienced and successful traders point out that, despite being able to develop trading strategies with high probability of success that allow them to enter the market at the right time through their systems signals they almost never close a position in the optimal moment.

Close the trades at the right time is one of the most challenging aspects of trading in general and for many beginning traders it is difficult to understand that the market exits are difficult to visualize and we just have to execute them as part of our trading plan. In this case, the trades must be closed according to our trading plan with no doubt and fear even if it appears that there are some pips or points that were closed for closing a position “too soon”. We may be able to achieve excellence, but perfection (as far as trading is concerned) is an impossible ambition.

Trading Strategy Based on Momentum Changes in Different Time Frames

by rcanessa

Certainly the approaches to trade in the financial markets are numerous and varied. Many traders base their strategies on the fundamentals of supply and demand while others use more technical tools such as moving averages, price oscillators and other. In this article we study an interesting approach based on market momentum interpreted through the RSI indicator.

First of all we will indicate that the markets are indeed driven by changes in supply and demand. However, these changes are not always due to the publication of news and relevant market indicators or related events. Sometimes the markets move in one direction or another due to different factors that can not be predicted by fundamentals, such as a correction when a trend starts to run out. This is where certain indicators such as the RSI can be useful.

How to choose a Forex Signal Provider?

by rcanessa

Before choosing a Forex signals provider and spend our money paying for their signals, we must take into account a number of important factors since the offer of this kind of services is quite important and each of these services has a number of features both positive and negative which should be assessed in advance.

In this article we will provide a few tips that should be taken into account when selecting a good Forex signal provider that allows us to invest more safely in the Forex market:

Kraken Review 2025 – The Safest Cryptocurrency Exchange

by rcanessa

Kraken -It is one of the safest cryptocurrency exchanges -It offers more than 130 pairs of cryptocurrencies. -Low trading commissions Visit Kraken Website Kraken is a popular cryptocurrency exchange where you can buy bitcoins as well as cryptocurrency pairs to speculate. Among the crypto asset trading platforms, Kraken is one of the most famous and popular, with more than 4 million … Read more

+ More