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.

Over The Counter Markets (OTC)

by

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.

Read more

Alligator Technical Indicator

by
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.

Read more

Fractals Indicator – How to use the Fractals Indicator?

by

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:

Read more

The Awesome Oscillator of Bill Williams

by

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:

Read more

Bearish Deliberation Candlestick Pattern

by
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.

Read more

Confessions of a Forex trader

by
 

Like many people, I came to the world of Trading hoping to make money quickly, I took some online courses, I opened a real account – which obviously loss- and so began my career in the difficult world of trading. It was not easy, many times I was about to leave, then resumed with more force and win, but it was very difficult. This was the most difficult journey of my life, that was more than six years ago, and today I see with nostalgia that time, and whenever I have a chance to talk with rookies in trading, I emphasize that the way in trading is difficult and hard, but the reward is great.

6 years ago I would have liked someone to advise me, to explain to me so much of the trading, but  that was not the case. In this market are few people who tell you things as they are, they are few who will tell you the reality of the trading with words. I try to do it in these confessions, and I hope that you take note.

Read more

Affiliate Program IQOption Affiliates

by

This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders

IQOption Affiliates Review

IQOption Affiliates is an affiliate program created by the reliable and trusted binary options and CFD broker IQOption in order to promote its services and gain new customers (traders) through affiliates, which have at their disposal several advertising tools mainly based on the Internet which were created by the program itself.

Along with the marketing resources, IQOption Affiliates offers excellent commission plans, therefore it is an interesting option for webmasters or website owners interested in monetizing blogs or websites whose main topic is related to financial markets and especially with binary options.

Read more

Trading contests of IQOption

by

The broker IQOption, an online brokerage company specializing in Contracts For Difference (CFDs) and options, regularly organizes trading competitions for demo accounts and real accounts, which offer cash prizes to the winners. These tournaments offer the customers of IQOption the opportunity to test their skills as traders, get further gains and evaluate different strategies to trade binary options (especially in the case of tournaments for demo accounts, which do not present any risk level for the client).

-Registration period: IQOption organizes various trading competitions throughout the year, in which can register all the company’s customers (new and existing). Each tournament has its own registration period.

-Competition period: Each competition has its own time period, which can vary from a few days to several months.

Read more

+ More