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Mirror Trading Platform of Trade24

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The Forex broker Trade24 currently has an automated trading platform called Mirror Trader (it is based in the concept of Mirror Trading and was developed by the company Tradency), which allows the clients of this broker to trade in the Forex market using trading signals generated by systems developed by expert traders with years of experience in the market. Likewise, the investor has the option to trade on the basis of trading signals generated by real traders. Trade24 is a broker which specializes in transactions with currency pairs (Forex), commodities, CFD and other instruments.

The trading signals generated by the automated systems and the traders who used this application free the investor from the task of analyzing the market, open positions, managing open positions and finally close these trades in order to take profits or limit losses. Because these are systems that operate without the intervention of the trader, are an excellent option even for those investors with little experience and knowledge of financial markets that wish to exploit the enormous potential of the Forex market for profit.

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Gold Prices

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Gold is one of the most popular forms of investment today. It is used by many investors as a safe haven during times of financial instability. Large and small investors have large amounts of money placed in physical gold or trading instruments based on this commodity.  The following chart shows the real-time price of gold in the spot market. XAUUSD … Read more

Mirror Trading Platform MyFXbook Autotrade of ICMarkets

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ICMarkets is an ECN Forex broker in Australia that has a license from ASIC, the regulator of financial services in that nation. This company offers ECN trading conditions with variable and low spreads, fast execution of orders, and 0 requotes. Its  Metatrader 4 platform is connected with its main liquidity providers, which allows the trader to trade with low spreads that can reach even the 0.0 pips.

Among its additional services, ICMarkets offers its customers the ability to connect their trading accounts with the Mirror Trading Platform Myfbook Autotrade, one of the most complete and used in the sector. This service allows the trader to copy all transactions generated by any trading system selected. Each copied trade is executed directly on the MT4 account of ICMarkets using the capital deposited by the trader. Among the advantages of Myfbook Autotrade, we emphasize that the trader does not have to install any complex software or pay any commission based on trading volume. The process is very simple and involves connecting the trading account with Myfxbook and selecting the system or signal provider you want to follow.

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ICMarkets ECN Forex Broker – Complete Review

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Review of the broker ICMarkets

ICMarkets

ICMarkets broker logo

– ECN/STP broker from Australia specialized in Forex and CFD

-Regulated by organizations such as ASIC

-Tight spreads and low commissions

Visit Broker Website

ICMarkets – Broker Review

ICMarkets is a regulated Forex broker from Australia which was founded in 2012. It is an ECN broker specialized in Forex and CFD trading which offers more than 50 currency pairs and excellent trading conditions including very low and variable spreads and fast executions. ICMarkets offers direct market access (to the main liquidity providers, including major banks) which in turn provides its clients with access to market depth with Level II Quotes. In other words, it is a true ECN Forex broker.

Also, this company offers the advantage of being regulated by ASIC.

Over The Counter Markets (OTC)

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Over The Counter trading refers to financial instruments trading on a different context than organized financial markets or exchanges.

The term OTC trading or OTC market can be used for contracts on financial instruments made directly between two parties and also for trading with derivative financial instruments traded through a dealer and not through a centralized market (such as the stock exhange).

For example, a futures contract is a standardized product traded in the futures market while a forward contract is an OTC product.

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Alligator Technical Indicator

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This indicator was designed to detect market trends by reading the distance between three moving averages. The Alligator is a very dynamic and easy to use technical indicator. It was discovered by Bill Williams who presented it in the book Trading Chaos (published 1995 by Marketplace Books, Inc.). This is a powerful indicator that combines moving averages, nonlinear dynamics and fractal theory in a technical indicator that is widely used by traders for confirmation of market trends in many financial markets such as Forex.
 

Most of the time, the market remains stationary. In fact, it is estimated that only 15 -30 percent of the time, the market moves with a clear trend either up or down, which are the periods when most traders take their profits. For this reason, the famous Bill Williams sought to develop an indicator that would serve precisely to provide entry signals in the periods when the market is most active, mainly those in which the price moves with a definite trend.

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Fractals Indicator – How to use the Fractals Indicator?

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What are fractals?

Fractal geometry, defined by mathematician Benoit Mandelbrot,  is a geometric figure that can be decomposed into parts, each one of these parts identical on a smaller scale to the original figure. However, the “fractal finance” applied to technical analysis is a geometric pattern that can be observed regardless of the time frame used, either 1 hour, 30, 15 or 1 minute. There are some books on this subject and one of the most popular is “Trading Chaos” that was written by Dr. Bill Williams. In this book, Dr. Williams entered two important concepts, the  “Fractal UP” and “Down Fractal”,  which can be used as support and resistance respectively.  When both formations are crossed by the price, that indicate new levels for prices in both bull and bear markets.

The “Fractal Up” (it indicates a possible resistance), defined by Williams (Using a bar chart) is one pattern where the central bar has a maximum price that is greater than the maximum of the two bars to the right and higher than the maximum of the two bars on the left. On the other hand, the “Fractal Down” (it indicates a  possible support) is one pattern where the central bar has a minimum price that is less than the minimum of the two bars to the right and less than minimum of two bars on the left. We can observe the ideal fractal in the image:

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The Awesome Oscillator of Bill Williams

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The Awesome Oscillator (AO) is a technical indicator developed by Bill Williams which determines market momentum (the second of the five dimensions of the market according to Williams) at a specific time based on the last five bars, which momentum is compared with the momentum of the last 34 bars.

In this way the Awesome Oscillator is simply the difference between the simple moving average of 34 periods and the simple moving average of 5 periods which are calculated based on the midpoints of the bars (High + Low) / 2. The Awesome is displayed on the graph as a histogram:

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Bearish Deliberation Candlestick Pattern

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The candlestick pattern Deliberation Bearish is a trend reversal formation of 3 candles which occurs in uptrends and indicates that there is a probability of a change to a bearish trend. This pattern has an average level of reliability and can be identified as follows:
  • This formation is presented in uptrends.
  • In the first two periods white candles are formed with long real bodies. In the second period, the closing price is higher than the closing price of the first period.
  • The opening of the third candle occurs near the end of the second candle.
  • In the third period we can see a candle with a small real body, usually a shooting star or a spinning top which opens with a gap on the previous candle.

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