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The Retail Sales Index is a report that considers the sales of goods in the retail sector during the previous month. This is a monthly figure, which always refers to the previous month in which the Census Bureau and the Department of Commerce of United States issued the report. This report is compiled and issued approximately two weeks after the end of the month.
This index is based on data obtained from samples that are extrapolated to the entirety of the whole country.
Undoubtedly, although pure technical analysts do not want to recognize it, the important economic news and announcements have a profound impact on the market. In some occasions it is only through such data that can be understood sudden rises and drops in the major currency pairs. For this reason it is always important to be aware of the major economic … Read more
Ichimoku indicator is one of the most versatile technical indicators, with many facets designed to identify support and resistance levels, trend direction, entry points, and exit points. It was developed by Goichi Hosada, a Japanese journalist who called it Ichimoku Sanjin (“view of the Mountain Man”). It is widely used since the 60’s in Japan and since the late 90’s … Read more
FXPrimus is a Non Dealing Desk/STP Forex broker created in 2010 that allows to trade in the Forex market with the main currency pairs, precious metals like gold and silver and Contracts For Difference based in several assets (commodities and the main stock indices). Currently, is a regulated broker in Europe.
Currently it is fully regulated and has offices in several countries around the world.
The Forex and CFD broker FXPrimus (regulated by CySEC of Cyprus) has launched a trading contest for real accounts, called Gold Rush, in which the participants can obtain interesting prizes in the form of physical gold (currencies of 1 ounce of 24 carats) trading in spot gold (XAU/USD) and spot silver (XAG/USD). This is a tournament for traders that will last approximately two months and reward participants based on the volume and frequency of their transactions and not based on the performance they get in their trades, as in other similar competitions. All FXPrimus customers with a real account can participate.
-Competition period: The competition will take place from May 2 to June 30, 2017.
The RSI Divergence indicator is a modified version of the classic RSI oscillator developed for Metatrader 4, which offers the possibility to trade not only with the classic overbought and oversold levels but also to find the classic and hidden divergences between price and indicator, which often only more experienced traders can detect. This indicator can be used with any asset and in any time frame, although the most reliable signals are generated in the larger time frames.
We describe the characteristics of this indicator below and include a link for its free download:
No matter how absurd it may sound, a fake Forex blog does exist. Online foreign exchange traders go to Forex blogs to fill up the void in terms of trading information, news and insight. And when there is a need, there are also those that take advantage by filling that need with scam and useless information. It is risky enough to be in Forex trading, how much more so with the possibility to be drawn towards a fake Forex blog?
Look out for those outrageous headlines. For online users that have one time or the other been drawn to scams, the headlines might have done the trick. It is silly to put the finger on it but it is true: Be a millionaire trading foreign exchange! Gain $2000 a day trading Forex! These headlines provide easy solutions to everyday problems in a few words. In equipping oneself with trading knowledge, one finds out early on that these offers are impossible. Yet, trading can be complex that one just wishes for an easier path to the fulfillment of its goals. At the end of the trail, one is bound to be buying the blogs’ offerings and losing more money with nary the offered millions in sight.
The Accumulation/Distribution Line is a technical analysis indicator that is used to measure the buying and selling pressure of a security. It is based on the concept that the volume of trading activity is a key indicator of market sentiment and that a change in volume often precedes a change in price. The Accumulation/Distribution Line calculates the cumulative flow of … Read more
The carry trading is a strategy in which an investor sells a certain currency with a relatively low interest rate and buy another currency with a higher interest rate. The aim of this strategy is to get as profit the difference between the two interest rates, a benefit that may become attractive depending on the amount of leverage used. As the profit comes from the interest rate differential, you can make a profit even if the price of the currency does not change a single pip.
Although the Forex market operates 24 hours, is taken by consensus UTC 0 hours as the end and beginning of a new trading day. In Forex trading, at the end of each day is credited or charged to the account of the trader the spread between the interest rates of the two currencies of the currency pair in which the trader have open positions at this time (this is known as Rollover).
Chaikin Oscillator is a technical indicator developed by Marc Chaikin to measure the momentum of the Accumulation Distribution Line using the formula for the MACD. Therefore, it is an indicator of an indicator. Chaikin Oscillator shows the difference between the 3-day EMA of the Accumulation Distribution Line and the 10-day EMA of Accumulation Distribution Line. Like any other momentum indicator, this indicator is designed to anticipate changes in direction, in this case the Accumulation Distribution Line, by measuring the momentum behind the moves. A change of momentum is the first step toward a market trend change. Therefore, this indicator can help to anticipate trend changes of the asset that is being analyzed.
The Chaikin Oscillator generates signals with the crosses above or below the zero level and with the divergences.