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Confessions of a Forex trader

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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.

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Affiliate Program IQOption Affiliates

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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.

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Trading contests of IQOption

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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.

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Chart Patterns Formations in Trading

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Financial markets, including Forex, involves plenty of chart formations, while not all of them are effective. There are many pricing patterns available and some of them give an excellent profit while a few of them doesn’t work good. First and the foremost, the chart patterns must focus on double top pattern and it is the common criteria used to grab the best accuracy. With a possibility to grasp 78% result, trading becomes simple and effective.

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Inverted Head and Shoulders Chart Pattern

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Inverted Head and Shoulders – An Overview

Inverted Head and Shoulders chart pattern is most commonly used in performing technical analysis for guessing the present downtrend in the Forex market. Basically, the head and shoulders inverted chart is distinguished while the security rate encounters the following attributes:
  • Rates falling down to trough and further rising up.
  • Rates dropping down than the earlier trough and further climbing up.
  • At last, the rates dropping down once again but not so bad like the 2nd trough.
When the final trough reaches, the rate heads up across the resistance at the top of the earlier troughs. Traders enroll for a long time position, while the rate rises beyond the resistance. The 1st and the 3rd trough are described as the shoulders, while the 2nd peak signifies the head.

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Head and Shoulders Chart Pattern

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Description of the Head and shoulders

Head and shoulders is one of the promising and reliable chart patterns that are most likely used for both expert Forex traders and beginner traders with little experience in the market. There are plenty of charting patterns found in the forex market, but the head and shoulder pattern reflects the synopsis of the human being. Hence it is described as head and shoulder charting pattern. Novice traders will find this charting pattern quite difficult, but practice will make a man perfect. With little proficiency, the traders could distinguish this pattern visibly.
Like every other similar pattern, the head and shoulder pattern is framed with 3 rallies where the rally in the middle remains the highest known as the head flanked with 2 small rallies known as the shoulders. This formations is the opposite of the head and shoulders inverted.

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Affiliate Program ETX Partners

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ETX Partners is an affiliate program implemented by the broker ETXCapital (regulated by FCA in United Kingdom) in order to promote their services and acquire new customers (traders) through affiliates, which have at their disposal different marketing tools based on Internet, that this program has been designed for this purpose.

Thus, ETX Partners is an excellent option for those webmasters who are interested in monetizing a website whose topic is related to financial markets and especially with Forex, CFD and binary options as this broker offers these instruments for trading purposes.

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Disparity Index Indicator

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The Disparity Index is a technical indicator that measures the relationship between the current price of an asset over its moving average. Its development is attributed to Steve Nison based on his book Beyond Candlestick.
The Disparity Index can take positive and negative values​​. A positive value indicates that the asset price is increasing rapidly, while negative values ​​indicate that the price is falling. A value of zero indicates that the current price of the asset moves in line with the moving average.
When the Disparity Index crosses the zero level that reflects a rapid change in price direction and thus it can be taking an early indicator of increased momentum (force) in the direction indicated.

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