rcanessa

I am Raúl Canessa, the founder of Forexdominion.com. As an experienced Forex trader, my passion for investing and algorithmic trading has shaped my professional journey. Over the years, I have dedicated myself to refining my skills in the financial markets, allowing me to share my knowledge and insights through my platform. I am committed to helping others understand the world of trading and develop effective strategies for success in this exciting field.

Aroon Indicator for Metatrader

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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.

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HotForex Broker launches Loyalty Rewards program

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  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

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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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HF Copy – Social Trading Service of HotForex

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HF Copy Copy trading platform of HotForex
 

The Forex and CFD broker HotForex (regulated by CySEC), one of the most important in the sector, has created a new social trading service called HF Copy, which is based on the concept of copy trading. This service allows customers of this company to connect with other traders, make informed decisions and identify more opportunities in the market, and especially build an investment portfolio by tracking and copying the most successful traders in the network. Through the HF Copy system, any investor interested in the financial markets like Forex can follow and copy in real-time the transaction of any trader belonging to this network of social trading.

The HF Copy system is based on the platform of FX Stat, one of the most important companies in the field of social trading, which specializes in solutions for copy trading companies.

Candlestick Pattern Matching Lows

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The candlestick pattern Matching Lows is a formation of two bearish candles presented in markets with a downward trend. It has a moderate reliability and indicates that the price is likely to change from bearish to bullish trend. This pattern can be identified as follows:

  • The current market trend is bearish.
  • During the first period a big black candle is formed.
  • In the second period there is a shorter black candle which has a close that is equal or almost equal to the close of the first candle.

100% Credit Bonus of HotForex

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100% Bonus of HotForex broker
The Forex broker HotForex recently announced a new promotion for the months of March and April of 2013. This offer is a credit bonus of 100% on every deposit of capital made ​​by the customer. With this bonus, the client of this broker can enjoy the following benefits:
  • Trading account protection against margin calls and stop outs during periods when the trader suffers heavy losses (drawdowns).
  • Increases leverage.
  • The total amount of this bonus can be withdrawn once the trader meets the required conditions. To withdraw the bonus, the client must follow the following conditions:
    • The trader must trade 1 lot (100 000) on the market for every bonus dollar. This means that if you receive a $100 bonus, you must perform a number of transactions equivalent to 100 lots.
This bonus applies to all deposits of capital equal to or greater than $100 and will be available for a limited time. 

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HotForex Launches Copytrading Account Auto Account

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HotForex Auto Account for Forex 

The Forex and CFD broker HotForex, one of the most important in the sector, offers a copy trading service an account called Auto Account, which opens the world of financial markets like Forex even to novice investors with no knowledge on the market. Through Auto Account, investors have the opportunity to subscribe to free and paid trading signals from the MQL5 (Metatrader) community. This trading signals service is directly incorporated into the HotForex MT4 terminal (based on Metatrader 4), which facilitates the subscription, implementation and execution of trading signals.

Investors can automatically copy the signals from any signal provider (trader) belonging to the MQL5 community. In the case of traders who sell their trading signals, they undergo a 1 month monitoring and valuation process in order to check their performance.

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Gator Oscillator Indicator of Bill Williams

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Gator Oscillator (gator comes from the word alligator as this animal is used as an analogy to describe the indicator) is a technical indicator which helps visualize the periods in which the Alligator indicator expands or shrinks. It was developed by Bill Williams in his Theory of Chaos and is currently a widely used indicator for traders and investor in all kinds of markets including Forex.

It is used to study the bullish or bearish trends of a financial asset. So, depending on the value of the histogram that represents it, it indicates the phase of the market trend in which the financial asset is located.

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Fundamental Analysis in Forex

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Fundamental Analysis of the Forex Market Forex fundamental analysis is a type of market analysis that identifies and measures factors that determine the intrinsic value of financial instruments such as economic and political environment. It is included in the fundamental analysis any factor affecting supply and demand of the instrument traded. For example, a study of fundamental analysis for a … Read more

Momentum Indicator

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Momentum is one of the indicators used regularly in technical analysis. This indicator measures the acceleration in prices by comparing the closing price of the last session with the closing price of past sessions. The fact that it allows to observe the speed of movement in prices – in its graphical representation this would be seen as a change in … Read more

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