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Trading Contest for Demo Accounts FX Zones of FXTM

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In about two weeks, the Forex and CFD Broker ForexTime (FXTM) will launch its first trading contest FX Zones for demo accounts, which will give traders the ability to test their skills in the market in a free trading environment As they compete for a share of the total prize pool of $24,000.

The competition is divided into four separate zones that will take place throughout 2017. Each zone will have a prize pool of $6000, giving participants the opportunity to win the jackpot of $3000, paid directly in their real trading account.

– Period of competition: The first round (zone) will last 15 days and will be held from March 1 to March 15, 2017.

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Stockpair – Binary Options Broker

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Review of the Binary Options Broker Stockpair Stockpair is a broker which allows to trade with regular binary options (High/Low options) and pair options based on the performance of one asset (stocks, commodities or currencies) against other through contracts of 1 hour to 150 days. This company offers a simple web based trading platform (developed by the company) with an … Read more

Perfect Order Trading Strategy – Description and Example

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What is the perfect order?

The perfect order of moving averages is defined as a set of simple or exponential moving averages that are aligned consecutively depending on the trend. For example, in the case of a bullish trend, a perfect order would be that a moving average of 10 periods were in a higher price level to a moving average of 20 periods which in turn would be higher than a moving average of 50 periods and so on. In other words, in an upward trend, moving averages are aligned from major to minor period upwards.

In the case of a downtrend, the opposite is true, ie that moving averages are lined up from smallest to largest period. For example, above the 10 period moving average would be the moving average of 20 periods which in turn would be below the moving average of 50 periods and so on. This alignment of moving averages is the basis of the perfect order trading strategy that we will describe below:

Example of a perfect order in an uptrend:

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The Fibonacci Extensions – Definition and Examples

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The Fibonacci extensions, like Fibonacci retracements, are used to establish support and resistance levels, with the difference that the former are generally used as potential targets for profit taking, while retracements are often used as possible points of entry. For this reason, they are included in many trading systems to determine the best levels to exit the market. They are especially useful when markets are widespread.

This market analysis tools is widely included in modern trading platforms like Metatrader 4 and are used in much the same way as the retracements are used, as we saw in the article on Fibonacci retracements. Even some trading platforms allow to draw extensions and retracements in the same chart.

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Trading competition World Rally Forex of HiWayFX

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The Forex and CFD broker HiWayFX offers every month a trading competition for demo accounts called World Rally Forex, which rewards the winners with cash. A total of $4000 are distributed among the winners. Since it is a tournament for demo accounts, there is no risk involved for the participants as they trade with virtual money. It is a competition for all clients of this broker which allows the trader to practice their strategies and skills in the markets without risking real money in the process.

The tournament takes place every month and each round lasts 1 month. For the moment the competition will be active throughout 2017, although HiWayFX can change the terms or terminate the contest at any time it deems appropriate. This trading competition has ended.

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CWOption – Binary Options Broker

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Update on the broker CWOption

Like many other binary options brokers, the company CWOption closed its operations in mid-2018 due to the ban on these trading instruments in Europe and other jurisdictions. To this, we must also add the bad reputation that binary options have acquired among retail traders.

However, if you are interested in trading binary options and other instruments such as Forex and CFD through a recognized and regulated broker, you can try IQOption.

You can get more information about this company in the following guide: IQOption broker review

Review of the Binary Options Broker CWOption

CWOption is a binary options broker founded in 2014 which belongs to NYT Consultants LTD and allows to trade with options based on many underlying assets including currency pairs (Forex), stocks of various markets, commodities and indices. This brokers also offers many services for its clients as several promotions, including welcome and trading bonuses. 
 
Currently, CWOption is one of the leading brokers in the sector. For traders interested in other instruments this brokers also offers CFD trading on Forex in the same trading platform (SpotOption 2).

Forex broker HiWayFX

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HiWayFX-Forex Broker Review HiWayFX is a regulated Forex and CFD broker (is regulated by CySEC of Cyprus) which offers ECN/NDD trading execution to its clients and operates since 2014. This company offers a lot of instruments to trade like Forex, precious metals, CFD on various asset classes and binary options.   Basically it is an ECN/NDD broker, which means that … Read more

Common uses of Bollinger Bands

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The Bollinger Bands is a technical analysis tool developed by John Bollinger in the early 1980s.
 
Bollinger bands consist of three curves drawn in relation to the price. These three curves are the upper band, the lower band and the middle band. The middle band is, as a rule, a simple moving average and therefore provides information on the trend. From the midband the upper and lower bands will be calculated using a standard deviation. The interval between the upper and lower bands gives information on the volatility or market activity. By default, the parameters used are a simple moving average of 20 periods and 2 standard deviations to calculate the upper and lower bands.
(Note: on some platforms and graphical analysis software the midband is not shown).

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The Bollinger Bands

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Bollinger Bands – A Great Trading Tool!

Bollinger Bands were developed by John Bollinger. During the early 1980s, Bollinger Bands were announced as a technical trading tool designed to analyze the market (in the beginning it was developed for the stock market). Bollinger was the first person who first developed the method of using MA or moving averages along with two different trading bands. This sort of method was just like using an envelope to cover both sides of a moving average. Contrary to the normal moving average where percentage calculation is important, Bollinger Bands can add as well as subtract the standard deviation which is present in a calculation. Bollinger Bands can be used to produce a definition for the high and low.  For this reason, it is an indicator that can help the trader in rigorous pattern recognition. It is also a helpful tool when the trader is trying to compare the price action with the information displayed by other indicators to arrive at trading decisions.

The Bollinger Bands is an indicator that surrounds the price action in a price chart using two bands and today it is a standard indicator in most trading graphics packages and platforms. It is calculated from a moving average (a simple moving average) on the closing price which is enveloped by two bands that are obtained from adding and subtracting 2 standard deviations from the mean value. This measure of volatility (standard deviation) is what makes the amplitude of the bands.

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The Fibonacci Retracements in Trading

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In technical analysis, Fibonacci Retracements refers to the possibility that the price of a financial asset, such as currency pairs, back off a considerable percentage of the original movement and find levels of support or resistance at the levels established by the Fibonacci numbers before resuming the original trend. These levels are built by drawing a trend line between the endpoints of the movement in question and applying the vertical distance the key percentages of 23%, 38.2%, 50%, 61.8%, 76.8% and 100% based on Fibonacci numbers.

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