Author: rcanessa - Page 31

ICMarkets Tutorial – How to open an account and deposit funds?

Summary: Tutorial for beginners of the Forex and CFD broker ICMarkets of Australia, where we explain how to open a trading account and deposit funds with this company. ICMarkets is one of the best brokers to trade in Forex through different trading platforms and is currently one of the brokers that offer the lowest spreads and commissions to its clients. … Read more

Reversal trading system based on Keltner channels and Bollinger Bands

by rcanessa

The trading system that we will explain below is based solely on two indicators, the Keltner channels, and the Bollinger Bands, which are actually quite similar. It is a price reversal system that tries to find the price inversion points.

Therefore, it works best in range markets where extreme value readings of indicators such as Bollinger Bands produce more reliable results. In trending markets where it is more difficult to predict maximum or minimum extreme values, their signals have less reliability.

Since this system uses two well-known and commonly used indicators found in any technical analysis package, it can be used in any trading platform.

HF Markets Tutorial for Beginners – Accounts and Spreads

by rcanessa

Full tutorial on the HF Markets broker, learn how to use the HFM online broker, here you will find all the information to start trading in seconds.

Today we are going to talk about one of the best-known online brokers to trade mostly in Forex where we can find some of the most competitive spreads in the market, in addition to an effective, fast, and most important FREE support in multiple languages. In HF Markets we will be able to contact an agent to ask and answer any questions.

HF Markets (formerly known as HotForex) has several subsidiary companies located in different countries, which allows it to provide services to customers around the world. For example, there is HF Markets SA (PTY) located in South Africa, HF Markets (SV) Ltd located in Saint Vincent and the Grenadines, and HF Markets Ltd located in the Republic of Mauritius. In Europe, it is listed as HF Markets (Europe) Ltd. which responds to the following identification number 277582 and, like most of the online brokers operating within Europe, it is located in Cyprus exactly in the city of Larnaca.

What is the stop hunting?

by rcanessa

Stop hunting is called the practice that consists in forcing the positions of retail traders, causing a movement in the price action, up or down, until the price reaches the levels where stop-loss orders have been placed. This leads to stop losses being executed in such a way that retail traders are expelled from the market while another investor benefits from it. It is a strategy used mainly by large financial institutions that have enough capital to buy and sell and influence market prices.

The fact that traders place their stop loss levels at key points such as supports or resistances, relevant moving averages, Fibonacci levels, or integer figures, allow the stop hunting to be carried out.

In other words, the large market participants extend the price considerably with the sole purpose of activating the automatic protection closures (Stop Loss Orders) of retail traders.

Exotic Financial Options

by rcanessa

What are exotic options?

The OTC markets (Over The Counter) are a constant source of financial innovations that are trying to adapt the characteristics of the different instruments to the specific needs of hedge of different economic agents such as traders. In the case of financial options, one of the most interesting innovations that have emerged in recent years is the exotic type, which can be subdivided into four types:

Compound options or options on options.
Options with dependent value on the historical evolution of the underlying asset (path-dependents).
Conditional Options.
Options based on several underlying assets.

Risk Free trading – dealCancellation of EasyMarkets

by rcanessa

The Forex and CFD broker EasyMarkets (regulated by ASIC and CySEC) now offers a new tool called dealCancellation, which allows its clients to carry out risk-free trades. With this resource, the client can cancel his losing transactions up to a maximum of 60 minutes from the moment the position is opened. In other words, with dealCancellation it is possible to cancel a losing trade that was opened in a period of less than one hour and get back any loss incurred.

The dealCancellation tool can be applied under the following conditions:

When the trader feels insecure about market conditions and considers the result of his trades to be uncertain.
During major market events, such as the publication of important economic indicators or announcements such as Non-Farm Payrolls, where the market presents excellent opportunities to obtain great benefits but the level of risk is also very high.
During periods in which the market has higher levels of volatility than normal, in which it is more difficult to predict the behavior of prices, and risks are higher.
When the trader performs transactions in which he is trading with higher volumes than normal. In these transactions, a trader can apply dealCancellation to limit the risk and avoid large losses in case the market moves against his position and at the same time have the opportunity to obtain higher profits with high volume trades.

– Period of validity of the promotion: This promotion has no deadline as it is an active service of the broker EasyMarkets for all its customers.

Custom Pin Bar Indicator for Metatrader 4

by rcanessa

The Pin bars are candlesticks or patterns composed of a single candle that can be formed in any market and time frame, both short and long term. When these candlesticks appear they offer price action signals as trend change patterns that indicate that there is a possibility that the price direction changes, at least temporarily. Of course, like any candlestick … Read more

Channel breakout system with retracement for Forex

by rcanessa

This trading system was primarily designed to trade in extended time frames (4 hours later). It is based upon the breakout of a dynamic price channel which is calculated through the highs and highs of the price bars. In this sense, the strategy seeks to enter the market after two events occur:

The bullish or bearish breakout of the price channel.
A retracement movement of the price after the channel breakout. After this setback, the trader must open a position in the same direction as the breakout.

Alpari Broker Review 2022 – Detailed Analysis on Alpari

by rcanessa

Alpari – ECN/STP broker from Europe specialized in Forex and CFD -Tight spreads and low commissions Visit Broker Website Alpari – Forex Broker Review Alpari is one of the best and most famous brokers in the Forex industry due to the variety of trading services that offers to clients around the world. Also, it is a regulated broker that operates … Read more

How to use stop loss orders? – Definition and main uses

by rcanessa

The stop loss is a trading order placed in the broker to sell or buy a currency pair (or any other asset in a financial market) conditioned on the price reaching a certain value. It is mainly used to close an open transaction in case the price direction turns against it, hence its name. For example, if we have a buy position in the EUR/USD and put a stop loss at 50 pips below the entry price, our possible losses in case the price falls will be limited to 50 points (see how to calculate the value of a pip).

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