Author: rcanessa - Page 26

What is a Blockchain?

The present definition of blockchain is the one referring to the Bitcoin technology developed by Satoshi Nakamoto, in which the blockchain is an integral part of it; unlike the new term ‘blockchain’ introduced by different companies and authors to refer to Bitcoin technology as a whole. A blockchain, also known as a distributed ledger, is a distributed database that records … Read more

Frequency of Occurrence of Pullbacks in the Markets

by rcanessa

According to recent studies on a universe of tens of thousands of graphic patterns (27,000), the chance of a pullback occurring after a support breakout is approximately one in two.

Going into more precise details, these studies indicate that the probability of occurrence of a pullback is 57%. That is, in 57 out of every 100 support breakouts, the price will return to the broken support in the following 30 days (obviously, in 43% of cases, this return will not occur).

In addition, we can estimate that the price will drop during the 5 days after the breakout. Of course, all these data are averages, as you can guess. It does not mean that, after all the support breakouts, the market will drop just for 5 days.

Financial Options – Types and Example

by rcanessa

A financial option is a financial derivative that involves a contract to buy or sell an underlying asset, such as a stock, currency pair, commodity or other, which grants the buyer the right to buy or sell the agreed underlying asset at a future date previously agreed, depending on whether it is a call option or a put option.

The main characteristics of an option are indicated by its own name. The term ‘option’ refers precisely to the fact that the buyer of this financial derivative has the right (has the option) to execute the provisions of the contract. At the same time, the seller of an option is required to buy or sell (depending on the type of option) if the buyer exercises his right once the contract expires.

Affiliate Program Avapartner – Referral Program of Avatrade

by rcanessa

Review of Avapartner

Avapartner affiliate program was created by the Forex broker AvaTrade with the objective to promote their services and acquire new customers through affiliates that use various methods of promotion, all based on the Internet. This program promotes exclusively the broker AvaTrade as it is owned by this company. The registration in Avapartners is completely free and anyone can join without having to open a trading account with AvaTrade. The use of all promotional tools is also free as they can be used at the discretion of the affiliate as long as he/she follows the rules established by the company.

The IMF predicts the biggest economic contraction since the crash of 1929

by rcanessa

The International Monetary Fund (IMF) has released the update of its forecasts for the world economy and the effects caused by the Coronavirus. In ForexDominion we have analyzed the report published by the organization.

A few days ago we knew the forecasts on the world economy, which were published by the IMF. A highly anticipated publication, following the last one in Davos for the 50th anniversary of the World Economic Forum (WEF); including, yes, the effects of an economic and health crisis that, unlike the rest, was unprecedented. A downward revision in the forecasts, highly anticipated by analysts who, given what happened, cannot see clarity in the near future.

AvaProtect – Avatrade tool to protect your trades and control your risk

by rcanessa

The Forex and CFD broker Avatrade has announced the addition of a new tool called AvaProtect, which is a risk management mechanism that enables its clients to protect their transactions on more than 40 assets. At the moment, this application is only available on the AvaTradeGO mobile trading platform, designed by this company, and created specifically to trade in the … Read more

Shark, Cypher and Nen Star harmonic patterns

by rcanessa

I admit it, previously I was not a fan of trading based on harmonic patterns. In general terms, I had the feeling that they are patterns with a high component of subjectivity, so they are subject to continuous reinterpretation. However, in trading, you have to keep an open mind and study any new development that appears in case it could … Read more

The Euclidean Attractor in Trading

by rcanessa

The Euclidean Attractor is a fundamental model for managing timings and achieving optimal entries. We will divide the explanation of its operation into three parts for its perfect use. They are as follows:

Pivot.
Location of scenarios and their cataloging.
Cycles.

Invest in Shares in XM Shares Account

by rcanessa

The Forex and CFD broker XM has created a trading account specializing in stocks from various stock markets, called the Shares Account, in which traders can invest in more than 100 individual stocks from the United States, Germany, and the United Kingdom, including shares of the most important companies listed on the stock exchanges.

For example, through this account, we can trade with shares of Apple, Google, Boeing, Amazon, Alibaba, Adidas, Daimler Benz, BMW, Bayer, Vodafone, Unilever, HSBC, and others.

Andrews’ Pitchfork – Definition and Rules of Using

by rcanessa

The creator of Andrews Pitchfork was an American named Alan H. Andrews, who based much of his thinking on cycles, especially Newton’s III Law applied to economics. This principle indicates that for each force acting on a body it exerts an equal but opposite force on the body that caused it. This well-known principle of physics was applied by Andrews in his trading and in fact, he gave a seminar called “Action-Reaction Course“, which allowed him to earn a lot of money.

In this course, Andrew presented a methodology that made it possible to decompose the market trend by dividing it into two equidistant channels which in the graph looked similar to a trident, hence the name of this technique.

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