Tag Archives: trading

The best Forex technical indicators explained

First of all, there is something we should say: there is no best Forex technical indicator . If what you are looking for is a totally perfect indicator that provides winning signals at all times, you simply will not find it.

On the other hand, there are very good technical indicators that can give you excellent results in currency trading. Next, we will explain what these indicators are, we will mention the best ones and we will discuss their pros and cons.

What are the technical indicators

The technical indicators are visual tools in currency charts that use mathematical calculations to determine one of these elements of the price.

1. Initial price

2. High

3. Low

4. Final price

5. Volume

Types of Leverage

Leverage . Concept, types of leverage, when to leverage, techniques, strategies and methods to leverage successfully . Includes downloadable PDF.

In this post I will explain what is the leverage and the different types of leverage, or what is the same: the power of levers or how to leverage your income and business to achieve success .

It is not about working for work, but about doing the minimum necessary to obtain maximum results (minimum effective volume). Tim Ferriss.

Previously, and although many imagine that they will know, we will determine what is that of leverage or leverage income, business or finance.

Routine of a professional Forex trader

Do you want to know what a professional Forex trader does to achieve success? First of all, you should bear in mind that professional operators are not only those hired by large investment companies, banks or hedge funds to speculate with currencies. These are people who receive a salary from a professional Forex trader .

However, those that generate income from financial trading, regardless of whether they earn a salary, can be referred to as private traders or traders. These people sometimes have the experience of having worked for another company (such as traders hired by banks) or simply dedicate themselves to studying the market on their own.

These are also professional Forex traders , although the word “professional” refers to the way they manage their activities, but not the nature of their employment relationship.

Create A Better Lifestyle With Forex

We all have a dream. We’re not saying it out loud, but we know: this is what fills our lives with meaning, and makes us get up when we’re down, or about to fall. Of course it’s not just money, which is almost implicit in our dreams that should abound. You can not buy a happy marriage, (at least not as a general rule). For others, Forex can be used, becoming that our own ladder, with more or less inclination, to reach those dreamed “castles” that we build in our mind.

If we refer to a “ladder” to enrich ourselves and bring us cartloads of money, it is because of the reference that we have to go up using all the steps. Know about trading We should not go to a university first to get a diploma to start with the Forex; but at least dedicating the time and effort should be understood.

What is automatic trading?

Automatic trading consists of computer applications or software that issue orders for the purchase or sale of a financial asset based on parameters previously programmed and that perform advanced analysis of multiple variables that are supposed to assure them in some way to make correct or exposed decisions of lower risk in the extent to which they are not affected by the psychological part of the trader .

There are multiple automatic trading platforms. A tool that most brokers and traders use. In spite of everything a wide debate has been created around its reliability. This issue has many nuances, since most traders opt for the creation of their own program systems or the optimization of existing ones.

Trading Strategies

Trading is a system of buying and selling with a lot of risk, only suitable for the most qualified. It is not properly an investment, but rather speculation. Apparently it is very attractive and gives the option to earn large sums of money in the very short term, but also to lose it. The amount of commissions to be paid, added to the high probability of performing erroneous transactions mean that only 10% of traders earn money and few of them do so during the first months. However, when the rules of the game are well known, the performance of trading operations is usually very high, with benefits of dizzying figures.

It should be noted that to be a successful trader it is not necessary to know the market thoroughly and the rules of the game specific to trading. A curve, a simple drop or momentary rise is more than enough to generate profits, even ignoring the direction in which markets move. For this there are a number of strategies with which the risk of launching this adventure is relatively small. Combining a good trading psychology, an adequate risk management and a good strategy, success is assured.

What is the psychology of trading?

To be successful in financial markets, a stockbroker must possess a wide range of skills: The ability to understand the internal workings of a company, its fundamentals and the ability to determine in which direction trends are moving are just some of the Necessary keys, although none is as important as knowing how to keep emotions at bay and maintain discipline.

The psychological aspect of stock trading is extremely important for a truly simple reason: A broker performs many different operations in a short space of time and this forces him to make quick decisions. For this, it is a priority to have a certain presence of mind. At the same time, by extension, you need discipline so as not to deviate from the previously established plans and know when to post losses and gains. In no way can you allow emotions to get in your way.