Forex is not for the faint of heart

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Forex is an abbreviated term for a foreign currency that refers to the buying and selling of world currencies over a 24-hour market cycle.

A simple explanation is that currency trading occurs when you can take advantage of the difference in the value of one currency relative to another. This is achieved through brokers and is not like trading stocks and commodities on the world stage.

Externally Forex trading looks like an easy way to make money.

This can mislead the novice investor. Currency markets are famous for their volatility. Although an investor can use extensive sources of information online to study the technical side of trading, this investor should also be aware of global developments that may affect different world currencies. This is the main side of the stock market.

Technical approach to currency trading;

Fortunately, many technical tools are available to the investor. One of the most important is a system of graphs that show the movement of each currency. These charts come in a variety of shapes, from simple to complex.

• Line Charts: The bar chart most commonly used is simply a visual aid used to see the difference between the opening and closing price of a given currency. • Historical charts: These charts use a vertical bar to show the opening and closing prices of the currency, as well as the highest and lowest prices that have occurred over a period of time. These time periods will vary and can be easily changed. • Candlestick charts: by far the most difficult of the 3 examples. In addition to providing the same information as history, an investor who understands the candlestick chart can also use the history of a particular Forex market to highlight currency trends either up or down.

Schedules can be set for multiple time frames; Day traders will use charts set for a minimum of 5 minutes, while regular short-term traders typically choose intervals of 1 to 4 hours. An expert who uses candlestick charts can use daily or monthly charts to try to account for trends.

There are many different chart indicators that an investor can take advantage of;

• Bollinger Bands

• MACD

• Relative strength index

• Stochastics

• Much more ….

The basic approach to currency trading; Fundamental analysis is very different from the use of technical analysis because it is very important to know what is happening in the global currency arena. Here the investor should be able to evaluate global developments to see if one currency may have an advantage over another. These include political events and the state of the world economy.

Tracking world news can help an investor evaluate the foreign exchange market. You can trade currency to earn huge amounts of money. You can also lose all your working capital. As with any trading program, educate yourself and know your limits. Be an investor, not a player!

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Help, my TI-83 / Ti-84 will not chart

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It’s 8 o’clock at night. Dinner is over. You sit down to watch a movie or football on a Monday night – and then it happens. . . “Mammmmmmmmmm (or Daddddddddddd), my calculator is not working. Tomorrow I need to pass my math homework and the schedule is not displayed.”

“It can’t be that bad,” you think. “I passed math in high school. Hell, I even set up a Quicken accounting system at work. How complicated can a calculator be?”

The last time you looked at a baby TI-83 or TI-84 was in August at an office supermarket; it was in front of the shopping basket, and on top of the pile were three circular binders and paper for notebooks. Back then it didn’t look so bad, but now you take a closer look and there are all kinds of keys you’ve never seen on a calculator before. At the bottom is something familiar – the usual array of numeric keys, and on the right the usual keys of addition, subtraction, multiplication and division. But what the hell is “MODE”, “DEL”, “STAT”, “ZOOM”, “TRACE”, etc.? What are you going to do? Who will you call?

Relax.

Here are some really simple things; but remember, the title of this article is “Help, my TI-83 / Ti-84 won’t make a schedule,” and that’s really all this article is about.

Graphics buttons

Look at the top row of buttons on the TI-83 / TI-84 calculator. There should be five of them, apart from the other buttons; and they must have the following labels:

      [Y=]   [WINDOW]   [ZOOM]   [TRACE]   [GRAPH]

All your actions will take place here.

Three main problems

In most cases, the graph is not displayed, there are three reasons:

  1. Graph function.The schedule function is entered incorrectly or not entered at all.
  2. Schedule not included. The schedule function is entered correctly, but the schedule is not enabled.
  3. Preview window. The function preview window is set to the wrong size or location.

We will deal with these one by one.

Check that the schedule is entered correctly

Click [Y=] key at the top of the calculator. This goes to the Y = editor screen. You should see a screen that looks something like this:

Plot1 Plot2 Plot3

Y1 = 2X + 1

Y2 =

Y3 =

Y4 =

Y5 =

Y6 =

The expression “2X + 1” is just an example, but you need to see some expression on the editor screen Y =, not just a bunch of empty lines “Y =”. If you only see the following, you need to add an expression:

Plot1 Plot2 Plot3

Y1 =

Y2 =

Y3 =

Y4 =

Y5 =

Y6 =

If you want to try a really simple expression to make sure the calculator can plot, use “Y1 = X”. This should draw a good line at 45 degrees directly through the beginning of the graph screen.

Make sure the graphics feature is turned on

The graph of the function may not be enabled on the Y = editor screen. This error is a bit subtle. Look at the “=” sign in the equation you are trying to compose. The “=” sign must be highlighted.

If this is not the case, you should hover over the “=” sign and press [ENTER] the key is to highlight it.

You need to set the correct size and location for the preview window

If the viewport is set to the wrong size or location, the calculator may plot, but you will not see it on the screen.

There are many ways to set a preview window, but a simple reliable method is to simply “Zoom out” until you see the feature you are trying to display. Click [ZOOM] key at the top of the calculator. Then press “3” to reduce. Repeat until you see the function you are trying to display. Now you need to have some idea of ​​which window you need to use to see the applied function. Click [WINDOW] the key at the top of the calculator and, if necessary, adjust the display characteristics.

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Seasonal patterns EUR / USD – use the seasonality strategy to trade EUR / USD

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Usually we look at the charts in chronological order, day by day, week by week and year by year. A typical chart shows the price path of a currency (pair) over many years and can provide a lot of information for use by forex technicians. However, there is another way to view currency charts and it is to look at them seasonally.

So what is a forex seasonal pattern, or a forex seasonal chart? For our purposes, seasonality is the tendency of a currency to fall down or up at certain points in the year (in commodities, this can happen with the seasons of the year).

Instead, look at the currency data for the last 15 years in chronological order, and what if you take it every year (January to December) and you can bet every year on each other. All 15 years are then averaged and set to an initial value of 100 to give a single line showing how the currency is operating on average between January and December over the last 15 years. Will the average show the seasonal pattern of forex, if, for example, EUR / USD, as a rule, in certain months becomes higher, or in others – lower?

Below we will consider the seasonal structures of EUR / USD.

EUR / USD Seasonal samples

Looking at the trends of the euro and the dollar index, we see that in the strength of the euro and the weakness of the dollar, the EUR / USD will grow, and sometimes the strength of the USD index and the weakness of the euro / EUR futures will decline.

From these factors we can isolate several times a year, which can be turning points:

  • EUR / USD usually declines in early to mid-February and then rises higher in mid-March, then diverges slightly and continues to rise in April
  • EUR / USD is likely to decline to a low in mid-June and then increase to mid to late July.
  • From early August to mid-September, the EUR / USD falls
  • From mid-September to late September EUR / USD usually rises.
  • From October to the end of the year, seasonal factors are less pronounced and therefore cannot trade reliably.

Seasonality is not a tool to use on its own, but rather should be combined with a price structure analysis to determine entry and exit points. Yet seasonality does give us time windows where we can observe reversals of trends and feel more confident when we see the price pattern that points to the reversal during seasonal windows presented above.

In any year, EUR / USD may deviate from seasonal schemes, so do not fight the market if it does not move as expected. Seasonality is an average or a trend, not a rule.

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Comparison of candles and bar charts used in Forex

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Currency charts are important tools for forex technical analysis. By correctly interpreting forex charts, you can easily figure out the direction of the prevailing trend in the forex market. You will also be able to determine whether your trading operations are going in the same direction as the main market trend or not.

The candlestick, one of the most popular currency charts, was discovered by a Japanese trader in the Homma futures market. He found that rice rice was strongly influenced by the emotions of traders. In addition to supply and demand factors emotions played a crucial role in dictating the price of rice.

The fx candle graph is similar to a histogram. In the candlestick chart, the daily line shows the level of market opening, the highest, minimum and closing level for the day.

A unique feature of this chart is the broad part of the forex chart, which is also known as the “real body”. This real body shows the range between the opening and closing levels of a particular day’s trades. If the real body is filled or painted black, it means that the closing levels were lower than the opening levels. This means the opposite if the real body is not filled and empty.

Comparison of candlestick and histograms

o The relationship between opening and closing prices

The bar charts focus on tracking the closing price movement of the current day compared to the closing level of the previous trading day. Analysts using FX currency charts focus on determining the relationship between the closing price and opening of the same trading day.

o Body color change

Both of these currency charts basically show a general trend in the value of the currency. However, looking at the changing body color of a candlestick chart, it is much easier to interpret everyday market sentiment. Thus, despite the fact that both the histogram and the candle diagram show the same information, the latter information is very easy to visually interpret and understand.

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Ichimoku analysis is a reliable technical analysis tool for traders

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Ichimoku analysis:

The value of the Ichimoku analysis is increasing day by day. This is a well-known Western form of technical analysis. This analysis was introduced in the 1960s by Goychi Hosoda. It is mainly based on a Japanese candlestick. This allows traders to understand the current state of the Forex market. This analysis is also a very popular indicator of support and resistance points. On the charts it looks very complicated, but it is easy to understand. This is the greatest strength of Ichimoku’s analysis. You just need to take the time to master it. Then it will allow you to easily identify the upcoming changes in the market. Obviously, you can predict future currency prices. This allows traders to have a long-term perspective on the market.

Components of Ichimoku analysis:

Basically you can find five overlay metrics on the Ichimoku chart. These are:

  1. Tenkan-sen:

Basically it’s a turning line. The average value of the previous nine periods is used to calculate it. The average value is the average value between the highest point and the lowest point of the previous 9 periods. The average value of the average level is not a moving average. There is a major difference between them. It doesn’t look as smooth as the moving average.

  1. Kijun-sen:

The baseline is called Kijun-sen. The average value of the previous 26 periods is correlated with Kijun-sen. You use it to calculate Kijun-sen.

  1. Senkou Span A:

This is the main or leading interval A. You can calculate it given the average of the above-mentioned turning lines and baseline (Tenkan-Sen and Kijun-Sen).

  1. Senkou Span B:

In fact it is a leading or cloud interval B. You need to consider the average value for the previous 52 days and plot this value as a value for the 26 days ahead.

  1. Chiku’s Swing: Chiku’s swing is a backward line. This is the closing of the currency value on 26 days ago. It is necessary to remember that Chikou Span does not consider average value.

Kumo:

This is the most important part of the Ichimoku chart. This is the part between Span A and Span B. If the price touches on this Kumo, you can find opportunities to trade. This is the most important tool in Ichimoku analysis for entering or exiting a trade.

Weakness:

Like all other analytical charts, this Ichimoku analysis also has weaknesses. It works poorly on different days of the Forex market.

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Heikin Ashi charts are useful when trading in a very short time and changing currency pairs!

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Heikin Ashi charts are a kind of candlestick charts and are designed to remove noise in charts. Let’s say you’re a scalper who usually trades 2-minute or 5-minute charts and is looking for ways to reduce noise on charts. Suppose you want to trade a variable currency pair and want to reduce the number of false trading signals. Then you need to look at these charts.

Heikin Ashi charts introduce signal latency, which can be good when trading highly volatile currency pairs such as GBPJPY. The Heikin Ashi charts were also designed by the Japanese. However, they use a different method to calculate the candles.

Unlike conventional candlestick charts, which use the “Open, Close”, “High” and “Low” timeframes to calculate each candle, Heikin Ashi’s candles use previous candles and are based on the following dependence:

Close; This is calculated by the average of the open, closed, high and low levels. (O + C + H + L) / 4

Open: this is the average of the Opening and Closing of the previous candle.

High; This is the highest value among open, close, high and low values.

Low; This is the lowest value among open, closed, high and low values.

So in the case of Heikin Ashi candles you need to know the opening and closing of the previous candle to calculate the opening and closing of the new candle. In the same way, the values ​​of the maximum and minimum are affected by the previous prices for opening and closing the candle.

Heikin Ashi charts are very important for trading highly volatile currency pairs as it is a certain delay until a new candle appears. This delay reduces the number of false alarms when you trade with Heikin Ashi cards compared to regular candles.

In the same way, Heikin Ashi Charts are also very useful in scalping strategies. For example, if you are scalping 1-minute charts, using these charts can help you reduce the noise on the charts and enter too early by taking the wrong step against the market.

When the market is bullish, Heikin Ashi candles have large bodies with long upper shadows and no lower shadows. Similarly, when the market is bearish, these candles have large bodies with long lower shadows and no upper shadows. Reversal candles are almost similar to Dodge candles, which have almost no bodies but long top and bottom shadows.

When using these charts hollow candles without lower shadows indicate a strong uptrend, which means continuing a long position and collecting as much profit as possible. Hollow candles indicate a rise in place. This means continuing your long position and quitting any short deal you may have.

Similarly filled candles without top shadows indicate a strong downtrend, which means adding shorter positions and exiting any long deal that you may have. Filled candles indicate a downward trend. A filled candle means quitting long trades and adding new short trades.

In the case of candles, which have almost no bodies and long upper and lower shadows, means a reversal of the trend. This is a time to buy or sell for risky traders if you are short or long trading. However, for more cautious traders, they can wait for the confirmation signal.

Now the limitations of Heikin Asha. These charts are good for trading volatile currency pairs and short terms such as the 2-minute or 5-minute charts used in scalping. However, these charts are not suitable for trading for longer periods as the candles on these charts are already delayed and you may enter the market too late. So, if you are a scalper or like to trade variable currency pairs, you should master Heikin Ashi charts.

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Introduction to Bitcoin

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Bitcoin has been in the news for the last couple of weeks, but many still don’t know about it. Could bitcoin be the future of online currency? This is just one of the questions that is often asked about bitcoin.

How does bitcoin work?

Bitcoin is a type of electronic currency (cryptocurrency) that is autonomous from traditional banking operations and came into circulation in 2009. According to some leading online traders, bitcoin is considered the most well-known digital currency that relies on computer networks to solve complex mathematical problems. problems to check and record the details of each transaction.

The rate of bitcoin does not depend on the central bank, and there is no single body that would manage the supply of cryptocurrency. However, the value of bitcoin depends on the level of trust of users, because the larger companies accept bitcoin as a method of payment, the more successful the state of bitcoin.

Benefits and risks of bitcoin

One of the advantages of bitcoin is its low inflation. Traditional currencies suffer from inflation and they tend to lose purchasing power annually as governments continue to use quantitative easing to stimulate the economy.

Bitcoin does not suffer from low inflation because bitcoin mining is limited to only 21 million units. This means that the issuance of new bitcoins is slowing down and the full amount will be mined over the next few decades. Experts predicted that the last bitcoins would be mined by 2050.

Unlike traditional governments-based currencies, bitcoin has a low risk of collapse. When currencies collapse, it leads to hyperinflation or the destruction of savings in an instant.

The bitcoin exchange rate is not regulated by any government and is a digital currency available worldwide.

Bitcoin is easy to carry. A billion dollars in bitcoin can be stored on a memory card and put in your pocket. It’s so easy to carry bitcoin compared to paper money.

One of the disadvantages of bitcoin is its untraceable nature, as governments and other organizations cannot trace the source of your funds and as such can attract some unscrupulous individuals.

How to make money with bitcoin

Unlike other currencies, there are three ways to make money with bitcoin, save, trade and extract. Bitcoins can be traded in open markets, which means you can buy bitcoins at a low price and sell them at a high price.

Bitcoin volatility

The price of bitcoin has fallen in recent weeks due to the abrupt cessation of trading on the mountain. Gox, which is the largest stock exchange in the world. According to unverified sources, the trade was stopped due to theft related to taxability, which is estimated to have cost more than 744,000. The incident affected investors’ confidence in the virtual currency.

According to the bitcoin schedule, the bitcoin exchange rate rose to more than $ 1,100 last December. Then, when more people learned about digital currency, then there was an incident with the mountain. Gox happened and it dropped to about $ 530.

In 2014, we expect Bitcoin’s worldwide popularity to grow exponentially among both traders and consumers, Stephen Pair, co-founder and CTO of BitPay, and expect the greatest growth in China, India, Russia and South America.

India is already being called the next probably popular market to which bitcoin can move. Africa can also benefit greatly from the use of the BTC as an exchange currency to do without a functioning central bank system or any other country that is heavily dependent on mobile payments. The expansion of bitcoin in 2014 will be led by ATMs, mobile apps and tools.

World experience of bitcoin

More people have adopted the use of bitcoin, and fans hope that one day digital currency will be used by consumers for online shopping and other electronic transactions. Large companies have already accepted payments using virtual currency. Large firms include Fiverr, TigerDirect and Zynga, among others.

The future of bitcoin

Bitcoins work, but critics point out that the digital currency is not ready for use largely because of its variability. They also point to the hacking of the bitcoin exchange in the past, which has resulted in the loss of several million dollars.

Proponents of digital currencies say new exchanges have emerged, controlled by financial experts and venture capitalists. Experts added that there is still hope for the virtual currency system, and the projected growth is huge.

I hope this article has helped all of you understand much more about bitcoin, its potential, how bitcoin works and how bitcoin works. To get more articles about bitcoin, weekly trends, information and updates, subscribe to our blog post.

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GBP / USD Seasonal Samples – Use a seasonality strategy to confirm entry and exit points on Forex

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Usually we look at forex charts in chronological order, day by day, week by week and year by year. A typical chart shows the price path of a currency (pair) over many years and can provide a lot of information for use by technicians. However, there is another way to view currency charts and it is to look at them seasonally.

So what is a seasonal forex chart, or a seasonal forex chart? For our purposes, seasonality is the tendency of a currency to go down or up at certain points in the year.

Instead, look at the currency data for the last 30 years in chronological order, and what if you take it every year (January to December) and you can bet every year on each other. All 30 years are then averaged and set to an initial value of 100 to give a single line showing how the currency operates on average between January and December over the last 30 years (below we will consider the averages of 5, 10 and 15 years). Will the average show a seasonal GBP / USD pattern when it usually gets higher in certain months or lower in others?

Consider futures per pound below, but note that since futures per pound are traded against US dollars, we can use the patterns observed in the futures market to trade seasonal GBP / USD models. Thus, this information can be used in both the futures and foreign exchange markets.

GBP / USD Seasonal patterns – seasonality 5, 10 and 15 years

Indeed, there are constant models of GBP / USD seasonality, and we can see these models by looking at the seasonal futures chart per pound. These seasonal trends can be used to find convenient times to trade the GBP / USD currency pair (or futures per pound).

The seasonal chart shows the development trends of the pound over the past 5 years, 10 years and 15 years. Each average is different, and this is important for understanding seasonality –this is an average value, not a rule. In any year, the price may deviate from the seasonal trend, and traders do not have to fight it. However, we can find common features that are found in all three averages:

  • The pound usually forms a bottom in early to late March and then moves higher in late April.
  • From early May to mid-May the time is usually bearish.
  • The bottom is usually formed again in mid-May, we see progress above in early August.
  • The price usually peaks in early August and decreases in early September.
  • After October, our averages diverge from short-term (5 years), which do not provide the same information as with long-term average seasons (10 and 15 years), making seasonal trends less concise and less reliable at this time.
  • Averages are adjusting to form a peak in early November, and the price will drop in mid-late November. After that, the average values ​​diverge again.

Seasonality is not a tool to use on its own, but rather should be combined with a price structure analysis to determine entry and exit points. Yet seasonality does give us time windows where we can observe reversals of trends and feel more confident when we see the price pattern that points to the reversal during seasonal windows presented above.

It is important to consider the general market trend. According to trends, use the seasonal minimum for purchases. In general fall trends, use seasonal highs to cut or sell.

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The following steps on the price of Forex – a powerful method for huge profits in foreign currency

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Here we will consider the concept of following the exchange rate impact on Forex using charts and making huge profits in currency in a simple and proven method. If you use the attached FX strategy, you catch all the big trends and profits, so – let’s look at it in more detail.

If you look at the chart of any currency pair, you will see great trends that last for weeks and they can bring you a fantastic profit if you know how to get into them. The good news is big trends that all start and continue the same way – they break the resistance overhead and then move higher, and that’s called a breakthrough. If you trade breakthroughs, you will have a simple and powerful method that just follows price actions and draws you into all the major trends.

Of course, not every resistance breakthrough will develop a new trend, and many will not be able to follow. To make a profit, you need to know which breaks offer you the best chance – before entering a trading signal.

The best breaks are those that occur after the level has been checked several times and has become significant for other traders. If the level has been checked several times, traders will want to get rid of the resistance and stop it. The more times the level is tested, the more stops are going right behind the resistance. If a breakout still occurs, these stops are triggered and push the price away from the breakout point, then a new technical purchase emerges that pushes the price away from the breakout point and a new trend is born.

In terms of the number of tests before the break I like about 4 – 6, and ideally I want 2 of these testicles to have at least a month. A break when it comes is even better when most people think the currency should go the other way. The reason these breaks are best is simple – the vast majority of traders always lose money, and there are likely to be many stops as resistance gives way and takes these losers out of the market.

The simple method above will help you make money and not only involve all the major trends, will allow you to trade only a few times a week and get triple digits. If you want to succeed in currency trading, there is no better method than breakthrough trading.

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How to take advantage of the seasons when choosing a currency pair

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Most Forex traders review their charts throughout the day, whether it be a 15-minute, 5-minute, 2-minute, or 1-minute chart, to decide when to enter into trades. There is one often ignored market predictor that will improve your chances of success in many trades. Such a predictor is the season in which the transaction takes place. By learning how to do seasonal trading and how seasons affect currency pairs, you will add another winning strategy to your portfolio and improve your trading success.

What you need to know about seasonal trading

There is a common way people usually look at charts and it is in chronological order. Usually a chart provides valuable information for Forex investors about currency movements over years, months, weeks, down to minutes. However, this is not the only way to observe currency charts: another way is to observe them seasonally.

Seasonal trade

This Forex strategy is also called seasonal Forex charts, or what does it mean? Seasonality works based on the fact that movements in the Forex market follow certain patterns throughout the year. It is commonly observed that years of accumulated data reveal a trend that the currency follows. In this regard, we can determine a specific time of year when the currency pair is expected to be higher or lower. It is now clear that the movement of the Forex market tends to go in a certain way at different times of the year, there is an opportunity to make a profit by integrating seasonality and Forex strategy.

Seasonal samples in EUR and USD

Is there a seasonal pattern in EUR and USD? By observing EUR / USD futures, we can count on either stability or a decline, this shows that we can identify certain times of the year that can be predictable turning points. For example, around March we can expect EUR / USD to soar after a sharp drop in the second half of February. By April we can expect relative stability in EUR / USD and a downward spiral from August to the second half of September.

As we can see, seasonality can be quite effective, but that doesn’t mean these patterns can’t change without warning in any year. It is important to note that Forex cannot be traded solely by seasonality. It is best to use seasonality to reinforce what the technical analysis shows.

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