Author: rcanessa - Page 37

Types of Forex Brokers

Currently there are a large number of online brokers in the market with which we can invest in all types of financial instruments such as Forex currency pairs, CFDs, stocks, stock indexes, commodities, oil, gold, silver, ETFs and more. Previously this type of investment was reserved for large investors and financial institutions but in recent years the scenario has changed radically and today anyone can become a retail trader, learning and starting to invest online from home or even from your phone mobile or tablet.

It is often difficult to know which broker to choose or what are the differences between existing companies. To try to help you in this regard, in this article we will analyze what are the types of brokers and what are the advantages and disadvantages of each of them.

Dollar shows weakness between trade tensions and key economic data

by rcanessa

The trade war between the United States and China continues to be the focus of the markets. However, in the last hours a new conflict was added, of similar characteristics, but with different causes, such as the announcement that the United States will impose, from June 10, tariffs on imports from Mexico for 5% .

In this way, not only does a new dispute begin with unpredictable derivations, but the implementation of the new trade agreement between these two countries and Canada, which the United States unilaterally called USMCA, is questioned. In addition, it generates a major concern in the US business sector, given that there are many firms that have their factories in Mexican territory, and export to the United States.

Forex Intraday Trading System ProEMAGain

by rcanessa

This Forex intraday system is based, mainly, on an interesting custom indicator for Metatrader 4 called ProEMAGain. This indicator consists of three exponential moving averages (EMA), and an RSI indicator. These indicators are common tools for the analysis of the Forex market, but here they are combined, originating a very profitable system. This combination gives the right and necessary information, in addition to being visually effective, to make decisions quickly and correctly.

It is recommended to trade with this trading strategy only in the major currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, and NZD/USD.

Axi Review 2024 – Analysis of Forex Broker Axi

by rcanessa

Axi

– ECN/STP broker from Australia specialized in Forex and CFD
-Tight spreads and low commissions
-Regulated by ASIC and FCA

Visit Broker Website

Axi Review – Forex and CFD Online Broker

Axi (previously known as Axitrader) is a regulated ECN/STP Forex broker from Australia, which is licensed by ASIC and allows to trade with Forex (spot market), commodities (like gold and silver), and Contracts For Difference based on many financial assets through various trading platforms. This company was founded in 2008. Nowadays it is among the main companies in the sector worldwide.

We are, in our opinion, before a very versatile broker that can serve both beginner clients, due to their low minimum deposit and trading requirements, as well as professional traders and institutional investors.

It has specific technical solutions for (money managers, multiple accounts managers (MAM accounts) and AxiSelect services (for professionals), and AxiPrime (for institutional clients).

Bears Power indicator – How to use it?

by rcanessa

What is the Bears Power indicator?

The trading participants in the market are the buyers, struggling to rise prices, and the sellers, struggling to lower prices. In this case, depending on which side scores off, at the end of the market session the price will end higher of lower than the price of the previous session. Intermediate results, related to the highest and lowest prices in any moment at the day, allows to establish about how the battle between buyers and sellers was developing.

For this reason, is important to be able to estimate the Bears (sellers) balance, as a change in this balance could mean a possible change in market trend, which offer important opportunities to trade. This task can be solved using a technical analysis indicator known as Bears Power which is basically an oscillator. This tool allows to identify if the sellers in the market are weaker than buyers, and if so, then look for long positions to caught a trend change. The creator of this indicator was the Dr. Alexander Elder, a famous stock trader who is living in New York. Basically, the Bears Power indicator is the difference between the close price and the exponential moving average. It is used as a reflection of the selling power in the market at any given time.

Expiration of Bitcoin CME futures generate volatility in the markets

by rcanessa

In past periods, the maturity of Bitcoin CME futures resulted in price movements
CME recorded record volumes in the month of May, moving more than 33,000 contracts.

On Friday, May 24, some 2,710 contracts expired for the equivalent of 13,500 bitcoins settled by the CME. The maturity of these futures contracts increased the volatility of prices in the Bitcoin market. Taking as reference the past values, it can be observed that in the days following this type of events, the prices of the cryptocurrency with the highest capitalization in the world begin to move.

Forex backtesting guide for beginners

by rcanessa

This is the next article on how to make our own trading system. We already know that a trading system must be like a suit: it must adapt to us; we also know that it is recommended to risk, at most, 1% -2% of all our capital per transaction. Today we are going to show how to determine if a … Read more

Bakkt Bitcoin futures platform will start testing in July

by rcanessa

- The company will offer different types of future contracts in July.
- A go-ahead from customers and regulators could speed up its launch.

The Intercontinental Exchange (ICE) subsidiary, Bakkt, is still in the process of developing its futures platform aimed at institutional capital. Through a post on Medium, the company announced on Monday May 13 the development of user acceptance tests (UAT, for its acronym in English) for bitcoin futures and crypto custody, which are expected to begin in July of this year.

The Atlanta-based company said it is continuing to work in partnership with the Commodity Futures Trading Commission (CFTC) of United States to build a platform that meets customer requirements in terms of clarity and stability, but that also conforms to all standards of US federal regulations. n this sense, the objective is for the Bakkt bitcoin futures to comply with all regulations and at the same time be a really attractive product for institutional investors.

Hedging in Forex – What is it and how is it applied?

by rcanessa

What is hedging?

Hedging involves making an investment in order to reduce the risk of an adverse movement in an asset in which has been made the main investment. A typical example of hedging in Forex would be, for example, buying EUR/USD as main investment and cover with a buy position in USD/CHF because these two pairs have a high negative correlation and buying USD/CHF reduce the risk of a buy position in EUR/USD as our main investment.

The Hedging is a practice that every trader should know as a possible method of protection and risk management. Throughout this article we will see what the hedging is, how it works and what hedging techniques are most commonly used by traders.

The Gann Fan – Description and Uses

by rcanessa

What is the Gann fan?

In this article, we will explain another market analysis tool developed in the last century by a famous analyst and trader, which was designed to study the price oscillations between market highs and lows. This tool has some popularity and can be found on most trading platforms, although its effectiveness has been questioned. The Gann Fan is a technical analysis tool used to indicate price movements from important highs and lows as well as to identify price breakouts.

William Delbert Gann developed analysis techniques based on geometric patterns and classical angles whose relationship, according to its creator, allows us to correctly predict future market movements in both time and price. This analysis tool is built based on Gann angles.

Gann was a stock market analyst who in the 20th century wrote his foundations to invest in the stock market in his work “The basis of My Forecasting Method”. This work, which consists of just over 30 pages as a manual, was published in 1935.

The Gann fan is formed by lines that start from the same point with different angles. It is similar to the Fibonacci fan, but the angles between the lines that make up this fan are classic angles like the 45 degrees one.

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