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During 2019 the Forex broker OctaFX (an ECN broker) offers a series of promotions for its customers, including bonuses for depositing funds and trading contests for demo accounts with cash prizes for the winners. For now, these promotions are valid throughout 2019-2022 and are available for all customers of the company, both new and existing.
OctaFX – Broker Review OctaFX is a regulated Forex broker which operated under an ECN business model. This company offers the possibility to trade with dozens of currency pairs in the Forex spot market and gold and silver spot. The customer can use any trading strategy including scalping and hedging. In addition, OctaFX provides many extra services to its clients, including various … Read more
This trading system is ideal for traders who only have little time to trade in the market during each session. In fact, this is a strategy developed for traders who prefer to carry out short-term transactions in which they open and close positions in minutes and not hours. Usually these types of traders, known as scalpers, use one-minute charts to enter and exit their positions.
Intraday traders in the Forex market can take advantage of the small movements that occur in different currency pairs by watching the 1-minute candlestick charts.
Like any scalping strategy, it requires active monitoring and management by the trader as he must be alert to cut losses and take profits quickly.
As always, it is advisable to practice this strategy on a demo account before trading with real money.
DeMarker indicator (DI) is a technical indicator (specifically an oscillator) created by Tom Demark and it is used to analyze the trend of the price of an instrument such as a currency pair (Forex) in the market. It can also be used to study the trends of other instruments such as stocks and commodities for example. It is an oscillator created to identify new buying and selling opportunities. In some way, is similar to the Directional Movement Indicators developed by Welles Wilder. In general, Demark goal was to create an indicator that overcome the problems normally associated with other technical indicators and tools used to identify overbought and oversold trading conditions in the market.
This indicator tracks the market sentiment of an asset by comparing the asset’s present price with the price of the previous period. The basic concept behind the DI is that it can be used to detect changing market interest in an asset and by doing so identify market highs and lows.
Demark designed this forecasting method to predict the beginning of a trend in the medium and long term, and is based on specially designed coefficients.
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 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
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.
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-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 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.
This strategy is quite simple, nothing new really. It’s basically a simple method of breakouts based on two premises:
We can see an example of this in the picture below: