Author: rcanessa - Page 37

Chande Momentum Oscillator (CMO) – Definition and Signals

The Chande Momentum Oscillator (CMO) was developed by Tushar Chande, who presented it in a co-written work with Stanley Kroll called “The New Technical Trader”. This indicator was designed to calculate what Chande refers to as “pure momentum”. The objective of this indicator is to detect trend variations of greater or lesser extent. The CMO is similar, although it is unique in itself, to other indicators oriented to momentum such as the Relative Strength Index (RSI), Stochastics, and Rate-of-Change.

The CMO uses data from both bullish days and bearish days in the numerator, directly measuring the momentum. The calculations are developed with non-smoothed data. This allows extreme short-term movements to be less hidden. However, smoothing can be implemented to the Chande Oscillator if desired. The scale of the indicator is between +100 and -100 allowing the user to clearly see changes in market momentum using level 0 as a balance point.

Free $100 No Deposit Bonus of FBS

by rcanessa

During 2019, the Forex and CFD broker FBS offers a new promotion for all its customers, consisting of a free bonus of USD 100, which does not require a prior deposit by the trader. The offer, called “Trade 100″, allows the clients of this broker to trade in the Forex market and in the other trading instruments offered by FBS without using their own capital. Thanks to this, this promotion is ideal for beginning traders with little experience in trading and for more experienced traders who want to evaluate the services of the broker without risking their money in the process.

As with other promotions of this broker, clients can withdraw the profits obtained once they meet a series of certain conditions that will be described later.

– Promotion period: For now the broker FBS has not indicated a deadline for this promotion and therefore is valid throughout 2019. However, the broker can modify the terms and even cancel the offer at any time.

Binance Coin (BNB): complete tutorial for beginners

by rcanessa

The powerful and popular cryptocurrency exchange Binance has created its own cryptocurrency that functions as an internal gas. Supported by a well-established company, Binance Coin or BNB is here to stay and we explain why.

What is Binance Coin?

Symbol: BNB
Release date: 06.27.2017
Maximum amount: 200 million BNB

Binance Coin is the official cryptocurrency of the crypto exchange Binance, whose name is an acronym composed of the words “binary” and “finance”.

Mexican peso starts the week recovering against the US dollar

by rcanessa

The Mexican peso recovers the levels reached before Trump launched its tariff threats.
The MXN should lead the advances of emerging currencies this week in a context of lower risk aversion.
Mexico will seek the ratification of its legislators in the new immigration and security agreement with United States.
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Types of Forex Brokers

by rcanessa

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.

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