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.

Position in Trading

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position in trading

What is a position?

In the field of trading in financial markets, a position is a binding commitment to buy or sell a specific amount of financial instruments such as stocks, currencies, commodities or derivatives, to a certain price. The term “position” is also used in finance to describe the amount of assets held by a person, company or institution as well as the state of property of the investments of an individual or institution.

Do not confuse the meaning of “position” in the trading of financial instruments with the term “financial position”. The latter stands for “status” or “statement”, ie the balance sheet liabilities in a company to take charge of their debts and obligations.

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Simple moving averages (SMA) – Definition and features

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The simple moving average is basically the simplest way to calculate a moving average. This is an arithmetic mean in which the sum of the last N prices (P) will be taken and divided by N, where N is the period. In other words is an average where all data prices have the same weight. Remember that the most usual is to calculate this indicator using closing prices and therefore from now on we will refer to the closing prices.

It is one of the most used technical indicators by traders in all markets. Many trading systems use simple moving averages, mainly as a trend indicator.

The simple moving average is usually represented by the acronym SMA.

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Affiliate Program HyAffiliates of HYCM

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Review of Hy Affiliates Hy Affiliates is a Forex affiliate program created by the Forex and CFD broker HYCM (regulated by FCA of UK) in order to obtain new customers by promoting their services through affiliates who have at their disposal different types of marketing tools based mainly on the Internet. Depending on the amount of referred customers (traders) and … Read more

Affiliate Program Binary Affiliates

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Review of Binary Affiliates

Binary affiliates is an affiliate program that promote various binary options brokers like Stockpair and Optionrally through affiliates, which have at their disposal multiple marketing tools based on Internet that the same program offers. Basically, using these tools, the affiliates can make the promotion of these companies to get new customers (traders) that open an account and deposit funds into it, work for which they can earn a high commission.

For this reason, Binary Affiliates becomes an excellent option for those webmasters interested in monetizing web sites or blogs whose theme is related to financial markets and in particular with binary options

The brokers promoted by this program are:

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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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