Author: rcanessa - Page 56

Why it is so difficult to succeed in the Market?

The financial markets such as the currency market (Forex), futures, commodities, stocks and other offer excellent opportunities to invest our capital and make money speculating on the price of these assets. But statistics tell us that the vast majority of those who venture into the market end up losing money. In fact, it is interesting that statistically speaking it is easier to become a lawyer, engineer or doctor that a successful trader. More interesting is the fact that the success in this field has little to do with intelligence or preparation of the individual. There have been cases of smart and well prepared academically speaking people who never saw a penny in the market and instead I have known other cases of people with an intellectual and educational average level who earn tons of money constantly trading in the market.

For this reason, we will discuss in this article some of the main reasons leading to failure of most novice traders.

The Flag and Pennant Binary Options Trading Strategy

by rcanessa

The Flag and Pennant strategy for trading binary options is a chart-pattern based strategy, like most of the other such strategies out there. What sets it apart from the majority of these schemes though is the fact that the Flag and the Pennant pattern are rather difficult to spot, for beginners and advanced traders alike. With that in mind, … Read more

The major players in the Forex market

by rcanessa

In this article we will list the major players or participants in the Forex market. As it is understood in a market where hundreds of variables are involved as is the case of the currency market, a quote is the sum of different factors that affect in one way or another the exchange rate of the currencies.

Commercial Banks and Investment Banks

Several of the major players that influence the behavior of the foreign exchange market are commercial banks and investment banks. Specialists put them at a level above the Forex market which is known in the investment community as interbank market.It could be considered that it is a form of parallel negotiation which is stablished by different banks that have their own trading platforms and data access prices in a similar way as Forex investors who connect with their own Forex broker.

However, transactions between banks have a much higher level of liquidity, so that the interbank market is a high level market with transactions of many millions of dollars a day.

Alvexo Forex Broker

by rcanessa

Alvexo-Broker Review Alvexo is a Forex and CFD broker founded in 2009 in Cyprus which is fully regulated by CySEC and allows to trade with currency pairs (Forex), precious metals and CFD on stock indices, stocks and commodities. It is a market maker broker which offers fixed spreads in all its trading accounts and platforms. This company offers various … Read more

Beginner Indicator for Metatrader

by rcanessa

Beginner is a free custom technical indicator for Metatrader 4 and Metatrader 5 which shows the maximums and minimums in the market with precision. It can be helpful in breakout trading strategies.

As with all technical indicators, it is recommended to use the Beginner indicator in conjunction with other tools to improve the reliability of its trading signals.

Simple Breakout Trading Strategy

by rcanessa

Introduction

This strategy is quite simple, nothing new really. It’s basically a simple method of breakouts based on two premises:

-When an asset is in a strong bullish/bearish trend it tends to stay in that way unless there is something in the market that makes the price change its direction. In the Forex market,for example, there are often major trends that last for weeks and months which can be used to trade with the breakouts that occur in the support/resistance. If the market is bullish we must look for breakouts of resistance but if the market is bearish we must look for breakouts of support.

We can see an example of this in the picture below:

Aroon Indicator for Metatrader

by rcanessa

Indicator Parameters of Aroon Indicator

-Aroon Period (normal value = 14): It is the period in the candles/bars in which the indicator must look at the highs and lows in the market trends. The larger the period, there will be fewer trading signals, and the smaller the period, the number of signals will increase.

-Mail Alert: With this option, the Metatrader 4 platform sends signals directly to the trader email whenever there is a crossover in the red and blue lines.

-Sound Alert: Every time it happens a cross between blue and red lines a visual and auditory other will be activated to alert the trader.

HotForex Broker launches Loyalty Rewards program

by rcanessa

The Forex and CFD broker HotForex (regulated by CySEC of Cyprus) has implemented a new bonus program called “Loyalty Rewards” that rewards customers for opening an account and continuing trading in the market with the company. Basically, this program awards points to the client for every transaction made with the trading instruments that HotForex offers, including Forex, precious metals, … Read more

Wedges Chart Patterns – Description and trading rules

by rcanessa

Wedges are chart patterns that sign a continuation in the market trend formed before the wedge. Wedges are quite similar to the triangle formations (simetrical triangle, ascending triangle and descending triangle) and it is formed along with 2 trendlines which are a support and a resistance. This chart pattern is basically a long-term pattern and it lasts up to 3 to 6 months but it can be seen in shorter time frames (in lower time frames is less reliable). In this case the trader can foresee those converging trendlines which remains slant in position.

The trendline remains upward or either in downward direction. This remains quite distinct from the uniform trendlines occurring in the triangles. Unlike triangles formations, in wedges formations the bands or lines among which the price fluctuates point in the same direction.

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