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In this article, we present five new indicators for Metatrader 4 designed by a famous and expert trader in the Forex market named Karl Dittman. These indicators are available to any trader and can be used at their discretion. For each indicator we include a brief explanation and image showing how they look. At the end of this article, we include a link through which these indicators can be downloaded.
What are PAMM Accounts? A PAMM Account is usually a series of trading managed accounts, which are unified to form an independent unified trading structure, where trades are carried out only by the money manager of the PAMM Account. The series of managed accounts that comprise the consolidated PAMM Account are handled by the trading platform as a single account. … Read more
Currently, regulated binary options brokers are limited in terms of the promotions they can offer to their clients. This has become particularly evident in the brokers regulated by CySEC that expressly prohibited the deposit bonuses that so many complaints and problems have originated in recent years. Therefore, these companies are now offering other types of promotions, including cashbacks (cash rebates) and risk-free trades.
The broker HighLow of Australia, regulated by ASIC of that country, offers all its clients a cashbacks promotion through which they can obtain extra money with their trades with binary options. Basically, depending on the volume of their trades, the client obtains a certain amount of points that he accumulates and can change for cash that can be withdrawn without restriction. In other words, it is a program where traders can obtain additional income just by trading as they normally do.
-Period of validity of the promotion: HighLow has not specified a deadline for this offer and for the moment is valid throughout 2017-2018, however the company can modify the terms or cancel the promotion at any time.
As every investor with some experience in the Forex market knows, one of the main advantages of this financial market is that it operates 24 hours a day from Monday to Friday, which gives the trader the opportunity to take advantage of the many opportunities offered by the market throughout the day. This is because the financial market is not centralized as is the New York Stock Exchange, for example, so at all times there are large and small traders worldwide who perform currency transactions whose total volume is much higher than any other market. This makes the Forex market an excellent investment option as there is liquidity to open and close positions at all times. In other financial markets, the smaller trading volume sometimes makes it not possible to find a counterpart to buy or sell when a trader wants to open a long or short position.
However, this does not mean that it is profitable to trade in the Forex market at all times, as there are periods in which the market is relatively calm and without any clear direction or trend so it is difficult to find good opportunities to obtain profits (these are the periods of lower trading volume for which there are relatively few investors transacting in the market).
More information on the broker XM and its brokerage services in this guide: Forex broker XM
A question that has many traders specialized in the Forex market is whether to open a position when any of the major exchanges like the New York Stock Exchange opens its daily session.
The fact is that during these periods is when the trader can get the biggest gains since these are the moments when the main future and stock exchanges open, there is a greater market participation of companies, institutions, funds and traders, and therefore there will be a higher volume of transaction in the markets including Forex.
The Forex broker Alpari, one of the largest companies and consolidated in the sector, regularly organizes trading competitions with cash prizes in which anyone interested can participate and trade in the Forex and other financial markets in general.
In total there are 5 contests, of which 2 are completely free and participants do not have to operate with their own money but with virtual money. Still, in these cases the prizes if they consist of real money.
More information about the broker Alpari and its Forex brokerage service in this complete review of this company: Analysis of Alpari Forex broker
A brief description of the five competitions:
The Commodity Channel Index (CCI) was published in the October 1980 by Donald Lambert. Since its introduction its popularity is rising higher and higher as it is becoming a very common tool for traders. Commodity channel index is becoming a very effective tool for traders that use to identify cyclical trends in commodities as well as equities and currencies. There is nothing handier tool than the commodity channel index as it is a very easy way to chart cyclical turns in commodity prices. There are so many traders implied this tool in their business and get huge success in the field of trading. There is certain formula available to calculate commodity channel index.
The formula has been given below:
CCI =(Typical Price – SMATP) /(.015 X Mean Deviation)
Fortunately, you don’t have to calculate the CCI formula by hand, unless you have to give a good test of your mathematical skills or knowledge. CCI is an oscillating indicator and momentum indicator. The CCI is been calculated by using the typical price and simple moving average. The standard deviation is after that added with the scaling factor of .015 and scaling factor approximately confines 70% – 80% of indicators fluctuations around +100 to -100. Scaling factor of 0.15 was been suggested by Lambert Donald.
The formula makes use of simple moving averages of typical price that is same to the average price. The unweighted variables make the consistent evaluation of the actual conditions with relation to the historical price activity. CCI is been used to trade currencies, equities, as well as commodities. All the chartable assets are analyzed with the indicator. The CCI oscillates above & below zero line.