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.

Scalping Guide for Traders

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What is scalping?

The scalping can be defined as a very effective (but also risky) trading technique which has become one of the most popular strategies in recent years. It is also known as “Quick Trading” and is one of the most effective trading strategies used in highly liquid financial markets such as Forex. Scalping is a series of short term operations (buy and sell fast trades) over the trading session, which can reach even the hundreds of daily trades with ease. In this case, it involves transactions that may take 1-2 minutes on average and sometimes even a few seconds.

The scalping is classified as an intraday trading technique, ie transactions whose duration is less than a day and can last from several seconds to several hours. Through the scalping, a human trader can make up to 20 or more buy or sell buy and sell trades in an hour to profit from micro-movements of the market. Automated trading systems based on computers are capable of a much larger number of scalping operations per day.

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Common money management techniques for Forex

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In this article we will discuss some of the most popular techniques of money management applied in trading. Although the topic can get complicated and also there are many techniques, we will focus on the most important.

Fixed Capital Percent Technique

This technique determines that we should risk the same percentage amount over the size of our trading account in every operation we perform. It has several advantages, for example, when we win, we will gradually increase the size of our position, thus harnessing the power of compound interest, while when we lose, we will reduce the position size, protecting our account from further losses.
It is probably the most widespread money management technique among traders, because a priori, is the one that offers more advantages.

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Basic Rules for a Proper Risk Management

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Of course no one likes to lose money under any circumstance, but losses are inevitable in trading and that is why we need some rules to keep them controlled at all times. Therefore we include the following basic rules of risk management:

1. Do not risk more than 1% on each trade. This will give you a chance to survive a series of losses (draw downs) without affecting your account too much. We must bear in mind that what makes a trader wins in Forex and other financial markets at the long-term are the accumulated earnings of all winning trades so we must begin limiting the losing trades.

We will talk later about what technical features must have a successful trading system, but the point is that we must find or develop a model with a high percentage of effectiveness (Win Rate), so that the amount of points earned will become greater than the amount of points lost at the long term.

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The Money Management – Basic Principles

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money management applied in trading

What is money management?

Many traders believe that the most important thing in trading is the knowledge of everything related to the market analysis or having a trading system with high reliability. It is true that these aspects are part of the success of a trader, but are only one part. However, one of the most important aspects of trading refers to the risk control and money management, because if we enter the market without a contingency plan for the worst case scenario, we are betting, not trading. We can spend much effort improving our trading system and gain knowledge about the market, but unless we develop a money management strategy we will not survive long in an environment as unpredictable as the market.

Money Management or Operational Risk Management is defined as the process of analyzing the trades according to risk and potential profits, determining how much risk, if any, is acceptable, and managing each position to control risk and maximize profit according to the equity in the trading account. Following the principles of preservation of capital, money management may consist of anything from a few simple rules to complex portfolio management theories. However, for most traders and investors, a common sense approach is more than enough to start earning money.

In this section I hope, for a moment, we will divert your attention from the search for the perfect system, so you can discover that you can turn a loser  system into a winner just by changing the rules of money management.

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Affiliate program of InstaForex

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Instaforex broker review

 

The Forex broker InstaForex has an affiliate program of its property, which was implemented in order to promote its services as a broker and get new customers through affiliates. These affiliates have at their disposal multiple promotional tools based on the Internet which are free to use. Besides this, this program has the advantage that it has a very attractive commission system and a sub-affiliate program that allows the member to increase profits.

Thus, the InstaForex affiliate program is an interesting option for monetizing blogs and websites whose subject is related to the Forex market.

Forex broker InstaForex

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Instaforex-Forex Broker Review Instaforex is a Forex broker from Russia which was founded in 2008 and offers a wide range of options for trading besides Forex. For example the investor can trade with oil, gold, binary options and Contracts For Difference based on metals, stocks and commodities.    This company also offers automated trading solutions, including a social trading network based on … Read more

The Debate of the Future: The Interest Rates in the United States

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Officials of the U.S. Federal Reserve (Fed) made ​​the decision to continue to cut the massive bond buying program.
But it seems that in the future the Fed will have to make a difficult decision: choose when to raise interest rates. The Fed President Janet Yellen pointed out that there are three “big” issues that officials should discuss;
  • The state of the labor market
  • Compliance with the inflation target of 2%
  • Factors that could threaten the economic recovery.

Some analysts are already starting to see a rise in interest rates in 2015 if economic conditions are thin.

Yellen and colleagues will discuss what kind of economic conditions define the stage for a rise in interest rates. It is necessary that the Fed clearly discuss on this topic in order to more accurately anticipate when it will happen.

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The Forex Market

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Forex market description

What is the Forex Market?

The word Forex stands for Foreign Exchange and it refers to the Foreign Exchange Market. The Forex is a decentralized market which exists wherever one currency is traded against another such as financial centers worldwide, banks or any financial institution or company where currency transactions are conducted. Therefore it is the largest financial market in the world, especially in terms of daily trading volume.

In this market participate central banks, major financial banks and similar institutions, multinational corporations, governments, currency speculators (large, medium and small investors) and other market participants and institutions of all kinds. Small investors (those who speculate with relatively small amounts of money) are a small part of this market and they can participate directly by companies dedicated to providing trading services or indirectly through banks or brokers.

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Affiliate program RBOptions Partners

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RBOptions Partners is an affiliate program implemented by the  binary options  broker RBOptions in order to promote its services as a broker and acquire new customers (traders) who open an account and deposit funds. To this end, RBOption Partners employs affiliates who have multiple marketing tools based mainly on the Internet (such as banners and text links) that this program has created and … Read more

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