Author: rcanessa - Page 39

6 Steps to Create your own Forex Trading System

The main objective of this article is to guide you through the process of developing your own trading system to trade in Forex.

Although devising a system may not take too long, it can take a long time to prove its effectiveness. So, you must be patient, because in the long term a good Forex trading system can generate you a lot of money. Therefore, it is worth investing the necessary time to create, evaluate and implement a winning strategy, since a losing system can cause us a lot of losses in terms of time and money.

For this purpose, the following tips can help you in this process of development and evaluation.

Analyst forecasts that Amazon shares will exceed their historic highs

by rcanessa

After a year-end crash that rang several alarms (there were losses of up to 30% in the fourth quarter of 2018), Amazon shares are given a good reprieve in the stock market. In fact, the largest e-commerce company in the world has marked a bullish path so far in 2019. Now, after accumulating profits of up to 24%, AMZN is approaching resistance levels that could be crucial to revisit its historical maximums.

Gold Markets Trend For 2019

by rcanessa

2018 was full of disappointment for commodities, contrary to expectations. Markets started the year with very high hopes, after upwardly revised growth projections in late 2017. As January and February are traditionally strong months for Gold, the strong demand noticed in the first quarter of 2017 helped the asset start 2018 in bullish mode.

In contrast to the forecasts, however, Gold markets bottomed out by the end of August at $1160 as it faced Dollar strength, mainly due to the Fed interest rate hikes. By the close of 2018 things changed as commodities perked higher, with Gold reversing more than 61.8% of the year’s losses.

Projections for 2019 point towards a bullish outlook for Gold on the perspective of a weaker year for the US Dollar. The slowdown in the global economy and the fact that policymakers are trying to focus on maintaining robust domestic growth momentum, as well as trade tensions and political jitters, leave the balance of risks to the downside.

XTrade Review – Forex and CFD Broker

by rcanessa

XTrade Review – Main features and services

XTrade is a regulated Forex and CFD broker from Europe which offers access to many markets, besides Forex, through Contracts For Difference. It was founded in 2014. This broker offer several services to its clients, including a web based trading platform, platforms for mobile devices, regular promotions and more. It is a good option for beginners traders who prefer an easy to use trading solution to begin their careers in the markets. However, its platform and services are designed for more experienced traders too.

Bullish Harami Candlestick Chart Pattern

by rcanessa

The candlestick pattern Bullish Harami is a reversal pattern formed by two candles, which has a low reliability, occurs during downward movements and indicates that the current downward market trend has possibilities of changing its direction to an uptrend. This pattern can be identified as follows:

The current trend should be bearish as it is a reversal formation which indicates a possible change from bearish to bullish trend.
First, the price forms a long a candle that can be bullish (white) or bearish (black).
Subsequently, the price forms a smaller candle inside the candle of the previous period (a candle is enclosed within the range of the larger candle), which can be bullish or bearish.

The spot market – Definition and Types

by rcanessa

The spot market is one in which the value of financial assets is paid in cash (spot price) at the time of delivery. That is why this market is also known in the trading enviroment as “cash market” or “physical market”. Its transactions are made in the short term, so it is a highly liquid marketplace with large and small participants..

A trader or investor can trade on the spot market from anywhere that has the necessary infrastructure to carry out transactions. That is why the Internet is now the main support for this type of transactions.

The most famous spot markets are the Forex spot markets and commodities spot markets. In the latter group includes financial assets such as precious metals, sugar, natural gas, grain or oil. In the case of oil, even if payments are made at the spot price, the delivery of the product is performed about a month later.

Are Cryptocurrencies the New Fiduciary Money?

by rcanessa

There is no denying the irresistible hype surrounding cryptocurrencies. The digital currency has captured the imagination of investors, journalists and the general public alike, to the point that some even consider it a worthy pretender to the throne currently held by fiat money. So, what are the chances that the cryptographers will overthrow the fiduciary money and become the dominant currency system?

Almost 50 years have passed since the world economy shifted from the commodity-backed currencies to the fiduciary monetary system. Concerned about the diminishing economic influence of the United States and the rising costs of the Vietnam War, then-President Richard Nixon decoupled the dollar from the US gold reserves and ended the Bretton Woods Agreement. Crypto-enthusiasts make us believe that the stratospheric ascent of assets like Bitcoin, Ethereum and Ripple sounds like a resounding coup de grace for fiat money.

They argue that, after half a century of strict financial regulation by governments and central banks, it is time for individuals to regain full control of their money, a noble goal that can be achieved if the digital currency becomes the status economic quo.

So, what advantages do cryptocurrencies like Bitcoin offer over fiat currencies?

To begin with, they are convenient. Cryptocurrencies have the potential to save companies and financial services companies a significant amount of time and money by eliminating the transactions intermediaries; commissions for these transactions also tend to be significantly lower. And that’s not all: an important criticism of the fiat system is the way in which the value of a country’s currency can change beyond national borders. The Nigerian Naira is a good example of this: its value drops by 30% as soon as it is taken out of Nigeria. Digital currencies, for the most part, are not issued by any country or state and, therefore, are not subject to the same geographical fluctuations.

FPMarkets – Regulated Forex Broker of Australia

by rcanessa

FPMarkets

-ECN/STP broker from Australia specializing in Forex and CFD.
-Regulated by organizations such as ASIC and CySEC.
-Fast executions with tight spreads and low commissions.

Visit Broker Website

FPMarkets – Forex Broker Review

FPMarkets is a regulated Forex and CFD online broker from Australia (regulated by ASIC), which also offers trading services with shares of different markets (including Australian stocks). This broker was founded in 2005 and its central headquarters are located in Sidney.

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Trading system with stochastic oscillator and CCI indicator

by rcanessa

In this article we will present a trading system with stochastic oscillator that can be used to trade in any market and in any time frame (although it is preferable that the system is not used in time frames less than 15 minutes), which is based on the MACD, CCI and stochastic oscillator technical indicators. It is a technical trading strategy that provides clear buy and sell signals, as well as exit and take profit signals.

Because it is a system based purely on technical analysis, we do not recommend the trader to operate with this system in the periods in which economic news or important market indicators are published, since the trading signals of technical systems like this tend to fail.

As always, it is recommended to test this methodology with a demo account before using it to trade with real money.

ABC Correction Waves – Elliott Wave theory

by rcanessa

Following with the Elliott Wave theory that we have seen in the previous article, in this article we will see how the 5 impulse waves (in favor of the trend) proposed by Elliot are corrected and reversed by 3 waves against the trend called ABC Correction Waves.

Observe the following image:

ABC Correction Waves — ABC Correction Wave in a bull trend

The price swings marked by colored lines and the letters a, b, c form a corrective movement of the bullish wave formed by swings 1, 2, 3, 4 and 5.

Because we have used a bull market in the previous example does not mean that this theory does not apply to bear markets. The same pattern 5-3 may appear like this:

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