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Tigerwit Forex Broker – Complete Review

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Tigerwit broker update We currently consider that there are better options for Forex traders than the broker Tigerwit to start a career in the financial markets. There are many Forex brokers that have better regulation, access to more markets, more trading platforms and offer additional services including educational resources and analysis tools. You can access a complete list of brokers … Read more

ATFX Forex Broker – Complete Review

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ATFX Logo

ATFX – Broker Review

ATFX is a Forex and CFD broker from the United Kingdom which was founded in 2016 and whose headquarters are located in London. The specific address is 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom. Also, it has customer service offices located in other countries. The clients of this broker can trade with a large number of assets, including Forex and CFD, through a single trading platform.

ATFX is an ECN/STP type broker, which uses the most recent routing and execution technologies to obtain the best quotes from its liquidity providers, which allows its clients to trade with variable and quite low spreads and with the best quotes from the market. Through the STP execution model, the broker can cooperate with all liquidity providers to establish the most competitive Bid and Ask prices for customers.

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Trading Using the Simple but Effective Rule of 2 Candles

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This trading technique that can be found for free on forums and websites like this has the advantage of requiring no more than a few minutes a day so it is perfect for traders with many occupations and with no time to see charts and analyze the market all day. Furthermore, the procedure of The rule of the two candles is not complicated and can be learned very quickly.

Basically, this strategy is based in the identification of an “Inside Bar” as shown in the following image:

Inside Bar Trading System

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Wolfe Waves Indicator for Metatrader 4

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In this article, we present a modified indicator for Metatrader 4 that shows Wolfe wave patterns in price charts and in any time frame. This tool can be very useful since it automatically identifies these price formations and saves the time and work it takes to be watching many price charts for hours looking for these and other patterns.

As every experienced trader knows, the biggest problem with price patterns, especially with advanced ones such as Wolfe waves, is the identification of these formations in the chart. This task not only requires skill and experience to visually find these patterns, but also the trader has to spend hours in front of the computer, without any guarantee that he will find a good opportunity. In addition, only rarely is it possible to observe these patterns in their ideal form, they almost always present with some small variations that further complicate the identification.

Therefore, resources such as this custom indicator are very useful as they significantly facilitate the work of the trader.

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Trading Psychology: The keys to success

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The key to success in Forex is trading psychology

To succeed in trading there are two fundamental factors that depend directly on you: The first factor is the knowledge and experience that is achieved with dedication and a lot of practice. The second factor, on which we will focus on this article, is in your mind with your attitude and with the proper control of your emotions.

The path to success in trading is no different in many other facets of your life, for example if you practice a sport, in addition to many hours of practice, a good psychological and mental preparation is essential to face the opportunities, sacrifices, obstacles , victories, failures,…

Trading psychology is vital for any beginner trader, who must develop their own investment strategy while learning to deal with these emotional factors. But it is also for professional traders who must remain psychologically strong and not lose discipline in order to be consistent and profitable for years.

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A small turn to stop loss with ATRs: Kase DevStop stop loss

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When I think about how to adjust the level of stop loss to volatility, the first thing that comes to mind are the stop losses calculated according to the ATR. It is a dynamic stop loss type that fits very well to trend following.

But today’s question is: are there other ways to calculate a stop loss adjusted to volatility? A good response has been given to me by a blog reader asking me about the Kase DevStop.

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Donchian Channels – Definition and Calculation

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El Donchian channel is a technical indicator trend type represented as a dynamic market price channel based on price movements.

The Donchian channel is a technical indicator, as it is part of the technical analysis. In addition, it is a trend indicator because it aims to identify which is the main market trend. And, its graphic representation is as a dynamic channel. What does dynamic mean? That is a channel that changes as the price moves. Its appearance is as follows:

Donchian channel example

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Hopes of progress in the trade war between China and the United States

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Chinese Vice Premier Liu He said Friday that Beijing will work with the United States to address the concerns of both sides, and that it would be good to stop the trade war for its own interests and those of the entire world.

Liu He also announced that it will allow Chinese investors to have direct access to Hong Kong shares. The new measure will take effect from October 28 and could be very positive for Asian stock markets.

The president of the United States, Donald Trump, said he believes that a trade agreement between the United States and China will be signed when the Asia-Pacific Economic Cooperation meetings in Chile are held, which will take place on the 16th and 17th of November.

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Cup with Handle Pattern – Definition and Features

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One of the most useful chart price patterns in trading is the the cup and handle pattern. It does not appear very often in the Forex market but when it appears the chances of a good entry are very large. As with many chart patterns, its use is recommended mainly in long-term graphics and not so much in short-term time frames. The cup and handle formation consists of two parts. The first part is a low U-shaped formation that forms the “cup.” After the cup a consolidation period appears that forms the handle, the handle of the cup.

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