Useful Forex articles about trading
In this section you will find more than a hundred Forex articles devoted to trading on the Forex currency exchange, as well as trading on other financial markets. The given articles about Forex will be useful both to a novice trader and to a person already familiar with this type of activity.
The Unchangeable Rules of Trading from Jesse Livermore.
For those traders who are accustomed to trading using various scripts, it is simply unthinkable to imagine that they can do without them.
Moreover, it should be noted that in the history of trading there are many examples when huge profits were obtained not only without technical analysis indicators, but also without using the trader’s terminal.
An example would be the legendary trader Jesse Livermore, who traded on the stock exchange at the beginning of the twentieth century.
Moreover, he traded quite successfully; his best results were earnings of $3 million per day.
Like many successful people, Jesse Livermore willingly shared his secrets with others, some of them were given in the book “The Life and Death of the Greatest Stock Speculator.” http://time-forex.com/knigi/gizn-biga-spekulant
Trading: why it is important to control your actions, not your emotions.
Success in the Forex market does not depend solely on the system or strategy you use; it mainly depends on your mindset and reaction to market changes.
There are currently many market analyzes and hundreds of opinions available on the Internet. There are hundreds of sites that will tell you how the market will behave next, and they will convince you that their trading strategy is the most winning one.
Being knowledgeable does not mean being a successful trader. Yes, the information obtained will be essential for market analysis and decision-making, but much more is required to achieve success.
Having studied and absorbed all the relevant information, the trader seeks to apply it in practice. As a rule, mastering something new is accompanied by a mixed feeling of interest and fear. In the best case scenario, the trader makes several successful trades and gains greater confidence.
This result will encourage you to place more trades and perhaps provide the basis for more aggressive trading tactics... However, you will quickly understand why over 90% of traders fail.
What is futures expiration?
The creation of futures contracts made a huge revolution in the stock market. Initially, the purpose of their creation was to provide a completely new financial relationship between the seller and the buyer.
Thanks to a futures contract, entrepreneurs could agree on future deliveries of products at a pre-fixed price by a certain date.
Such an innovation on the commodity exchange made it possible to make relations between the parties transparent, and the exchange at the same time acted as a guarantor of the execution of the contract.
Naturally, with the passage of time and the active development of the exchange, in parallel with deliverable futures (which are still present on the commodity exchange), so-called settlement futures appeared.
The main purpose of which is speculative trading, as well as hedging risks on the underlying asset. However, the only thing that these two different types of contracts still have in common is the expiration of futures.
How to choose an options broker
Choosing a broker is the very first important step a trader takes on the path to his future success.
Today, the segment providing brokerage services in the field of options trading is represented by dozens of different companies, which have both their advantages and disadvantages.
Just like in any business segment, there are fraudulent companies in this market that, under the guise of providing access to the market, actually deceive traders and use all possible manipulations to achieve the loss of a deposit, or even refuse to withdraw earned funds.
That is why, in order not to fall into the clutches of scammers and also to make your trading as comfortable as possible, we suggest considering the most important criteria that you should pay attention to when choosing an options broker.
1. Company certification. Availability of certificates from the main largest regulators
Playing forex or making money on the exchange rate
More than five years have passed since I first started playing forex, at that time making money on the exchange rate was still exotic for most Internet
users, and it was quite difficult to get the necessary information.
But over time, the necessary knowledge accumulated, and practical work experience appeared.
Now I can confidently say that I know what the Forex game is and whether it is possible to really make money with a small initial capital.
Since the beginning of trading, the amount of my deposit has increased from 100 to 10,000 dollars, although the growth did not always occur only due to profit.
There were times when I simply deposited free money into the account. Now I manage to consistently earn from 2000 to 2500 dollars a month, not as much as I wanted, but stable
Playing Forex involves making a profit by buying and selling currencies; the difference between the price of a currency pair is precisely what brings that profit.
Making money on the exchange rate is currently the most profitable and less risky trading option compared to similar investment methods.
Confrontation between brokers and traders.
It is no secret that in the Forex market, 95 percent of novice traders, as a rule, lose their deposit.
Many will probably be surprised to learn about these statistics, because on every website you can find advertising that every person can become financially independent.
However, the reality is that 95 percent of losers are fed by the five percent who earn a lot of money.
By the way, 95 percent is not such a terrible statistic, because even when starting their own business, only five percent of entrepreneurs become successful.
Naturally, dealing centers and brokers also know about such statistics and begin to abuse their knowledge.
Rebate spread return services and is it worth using them?
A rebate is a return of part of the broker’s commission to the trader for each transaction; it is a kind of cashback of the money paid for opening an exchange transaction.
A spread rebate allows the trader to receive a portion of this commission back after the trade is completed.
This may be a fixed or interest income depending on the volume and frequency of trading operations.
This technique is one of the tools for attracting clients and can help reduce trading costs, increasing the trader’s overall profit.
The active development of Forex brokers and their affiliate programs has led to a completely new phenomenon, namely the emergence of the so-called “Rebate services”.
What is more profitable: Forex or the stock market?
You have decided to become a trader, but you are faced with the question of what and where is more profitable to trade, because you want to use your initial capital with maximum benefit.
In addition, an important factor is the complexity of the work itself and the risk of losing your money. At this time, two main options are available to the average trader - trading on Forex or the stock exchange.
Pros and cons of Forex trading.
Like any type of activity, Forex trading has its pros and cons; the most complete understanding of
them can only be obtained based on your own experience.
For those who do not have one, I will try to share my impressions, as a trader who has been familiar with the currency exchange for more than 5 years. First of all, we should distinguish between those traders for whom Forex trading is only a hobby and those who live from trading; I belong to the latter category.
The profit received is my main source of income, therefore my formed opinion is based precisely on that fact.
The relationship between price and volume in stock trading. Equivolume graph
Many traders, when conducting their analysis on the stock exchange, use only one indicator - volume. The fact is that market volume is the engine of the market, the face of the market and characterizes many processes occurring on the chart.
It is the volume that reflects the liquidity of the instrument, shows the possibility of buying or selling at a favorable price, and is also a magnet that attracts many players.
Each of you who has at least once observed the movement of shares and volume could repeatedly see a picture when a mass of players entered, creating a large volume of positions, simply upsetting the price and taking it far beyond the established range.
This situation is extremely often observed at a time when a key mass of players is trying to break through a certain psychological price level. It is the appearance of a large volume that can serve as a signal for the end of a trend and a market reversal .
Market volume is a kind of fuel that makes quotes move. The ability to correctly read market volume allows you to promptly recognize the fading of a trend, confirm the strength of a market breakout, or determine whether it is false.
Women traders.
It just so happens that in the financial world the first places in the rankings are occupied by men; everyone knows
the names of Soros, Trump, Cohen and other major financial tycoons.
The question arises: Do women traders exist or is it only men who can trade and achieve success on the stock exchange?
Why is it so rare to see the names of female traders in the press? Are there any successful examples where a woman was able to make a fortune on Forex?
Russian Forex.
Like most other things, Forex trading in Russia has its own characteristics that should be taken into account when opening an account
with a Russian brokerage company.
Russian Forex is not quite the usual trading of currencies and other assets, which is organized by domestic dealing centers.
You should be especially careful not to get into trouble with this type of activity; no one will think about your safety for you.
Now about the very features of Russian Forex.
Turtle stock trading success.
The question "What should a professional trader be like?"
Iterates every forex newbie. Some people think that you need to have a special education, others argue that only millionaires engage in trading.
The Turtles trading system, or rather its history, completely refute the prevailing prejudices; its author, Richard Denis (a famous financier), thanks to non-standard solutions, was able to introduce a new approach to exchange trading.
It all started with the fact that he placed recruitment advertisements in several stock exchange publications, and there were no special requirements for candidates regarding education and work experience.
There were more than three thousand people interested, from which all 14 candidates were selected, most of whom had absolutely no idea about trading on the stock exchange. Among those selected were two poker players, a security guard, a computer graphics designer and a little-known actor.
Russian Stock Exchange
Many traders who have been burned at least once on the Forex currency exchange are forever disappointed in the opportunity to earn money and abandon this type of activity.
Also, most beginners who first became acquainted with the world of the stock exchange through the currency exchange, for some reason, do not perceive the stock exchange, arguing that its financial instruments are quite complex and difficult to predict.
However, in fact, the stock exchange appeared much earlier than the foreign exchange market, and instruments that seem complex at first glance have an order of magnitude higher value and are much easier to predict than the ultra-liquid foreign exchange market.
Have you ever thought about becoming a shareholder in Gazprom or Lukoil, or maybe you are interested in other oil producing companies or the banking sector?
Accelerating your deposit with options
Every novice trader, as a rule, gets into the world of binary options because of a very beautiful advertisement about very fast money in a fairly short time.
Agree, if you are reading this article, you are probably tired of your boss and want to quickly earn a good amount of money.
Having delved into the study of a bunch of different literature, and by the way, few people get to this point and are simply disappointed by losing money, you understand that no matter how tempting and beautiful the advertising is.
But on average, a professional trader is simply happy when he sees an increase in his balance by 5-10 percent per month, and such a trader simply has no end to investors.
Choosing a Forex broker for beginners and professional traders
This is the very first question that any trader faces; in my time I made a lot of mistakes that
I would like to warn newcomers to Forex from.
Choosing a Forex broker is a primary and rather difficult task, so you should approach the process with maximum responsibility, it is better to spend an hour more time, but then not have problems with withdrawing funds and blocking your personal account.
To make your choice easier, at the end of the article I will give an example of several brokerage companies where trading usually does not cause problems.
Rating of Forex strategies
Having taken the first steps on the path to becoming a successful trader, every beginner is faced with the need to apply certain trading rules and systematic actions in their trading.
Yes, exactly systemic ones, so the first thing that comes to mind is creating your own unique trading strategy. But is it that easy to do? Believe me, no matter how much you try to create something unique and inimitable at the beginning of your journey, it has long been created and tested by someone.
You will ask why?
Leaders in oil production
Many traders bypass CFDs or oil futures because they are deeply convinced that this instrument is quite
difficult to predict, and if you delve into different brands and types, then it’s just a dark forest.
In fact, there is nothing complicated in oil trading, and the forecast itself is practically no different from analyzing fundamental statistics for countries, as happens when trading currency pairs.
For forecasting and successful trading using oil, a very important factor is timely tracking of information on reducing or increasing the volume of oil production in the main exporting countries.
Actually, in order to understand which countries to work with, you need to know the leaders in oil production, who dictate the market price.
Working on Forex for a beginner, options and real earnings
The specialty of a trader has recently attracted more and more people, working on Forex brings a lot of income, the fact is that by becoming a trader you have the opportunity to earn not just a lot, but a lot.
One of the clear examples is the record of Larry Williams, who managed to increase his deposit from $10,000 to 1,140,000 in a year. Even if
you don’t have such a large amount to start trading, even 11,000 from $100 in a year is not bad.
At the same time, we should not forget that you can work on Forex not only as a trader; in practice, there are many other, no less profitable opportunities.
Moreover, some of these options are less risky compared to regular trading, and can bring no less money.
Working in Forex is not only profitable, but also prestigious; it’s not for nothing that traders are called white-collar workers, and the exchanges themselves are located in the most respectable areas of large cities.
Trend indicators
A trend is one of the most important market conditions, thanks to which traders make money.
Indeed, a trend is always characterized by a purposeful movement either up or down, so if it is identified in a timely manner and a position is opened in its direction, profit will not be long in coming.
It would seem that there is nothing easier than seeing the direction of the market and trading in its direction. However, in practice, everything is much more complicated, since you will never get a clear direction of the market, and if its outline has become very clear, then, as a rule, this movement is coming to an end.
Even Dow many years ago said that when a trend becomes very obvious, and all players begin to move in its direction by inertia, a turning point occurs, because a smarter player with capital, and this includes banks, already understands in advance that the asset overrated and start working against the crowd.
The difference between oscillators and indicators
In the first stages of learning to trade, few people pay attention to the characteristics and subtleties of various
indicators.
In most cases, over a long period of time, almost every beginner looks at indicators as some kind of lines that, when crossed, give a signal to buy or sell.
By the way, more experienced traders are also guilty of such short-sightedness. As a rule, such a view leads to only one outcome, and it is fatal for your account.
This is due to the fact that you make your trades on the basis of not reasoned facts, but only because the line crossed something or went somehow differently than usual. For you these are lines and drawings, nothing more.
Earn money on Forex without investments, without risking your own money
Those who think that making money on Forex without investments are just a fiction or a publicity stunt are completely mistaken.
In fact, there are several ways to make money in stock trading without having your own money, and it should be noted that this is a very real opportunity and quite good money.
The main thing that you will need to do is learn trading; this process is not easy and takes some time.
After studying, you choose which path you will take; this could be receiving no-deposit bonuses or participating in special competitions on demo accounts.
Each option has its positive and negative sides, and we will talk about them in more detail.
Earning money on Forex without investments gives you a chance to improve your financial situation without risking anything and at the same time get a trader's specialty, and the knowledge gained during training will be useful to you for working in any financial field.
Personal example of making money on Forex
There is a very active myth circulating on the Internet that only banks and
large players, whose capital is measured in millions of dollars, make money on the Forex market.
Moreover, in addition to this statement, ordinary traders are compared to small fish, which, at most, is capable of avoiding danger in time, and in most cases is ordinary food.
Such statements with a philosophical context can be seen on any Forex forum or website, where a failed trader is looking for a global justification, but cannot understand that he himself is the cause of his mistakes.
Traders are also constantly trying to come up with complex algorithms, complicating their lives and not understanding that simple rules that are written by smart people in books still work to this day, because the market consists of people, which means it is characterized by all the qualities of a person that remain unchanged throughout centuries.
To finally debunk the myth that it is impossible to make money on the Forex market, I decided to show a personal example of making money on Forex. Of course, in this article you will not see all the financial ins and outs, but using the example of some transactions, you will be convinced that this is not only possible, but also not so difficult.
How to trade gold in the MetaTrader 4 terminal
Raise any first-grade student from his desk and ask him to name at least one expensive
metal, he will immediately say gold.
All of us in our lives have at least once thought about buying this precious metal, and not necessarily in bullion. Any housewife knows that as long as she has at least one piece of gold jewelry in the house, she won’t mind any extreme situation, because at any moment she can find money.
Thus, from childhood we are inadvertently taught to invest in gold, because no matter how much humanity mines it, it always grows in price.
Until recently, investing in gold was extremely difficult. At the household level, everyone tried to buy expensive gold products, and businesses, despite all the commissions and costs, tried to buy bars made from this metal from state banks.
Oil price and exchange rates
Many analysts argue that there is no direct interaction between the price of oil and exchange rates.
They justify their statements by the fact that the oil price is affected only by production volumes without any additional influencing factors. This thesis held for a long time, but the update of new lows for oil revealed some patterns that more experienced traders had long suspected.
We all understand that oil is a product without which the chemical industry cannot exist, therefore any country in this world depends directly on the price of oil.
Of course, different countries and their currencies interact differently, but the pattern is clearly visible. For example, countries that do not own black gold are highly dependent on exports, and an increase in the exchange rate will negatively affect the country’s budget, which is directly related to the national currency.
Overbought and Oversold in trading - indicator for analysis
In many of the author’s books, we are often told that the price that we can observe in the form of a chart is the result of the battle between the Bulls and the Bears.
Indeed, if you look at the market and throw away all the terminology, you understand that the price is formed by both the demand that comes from buyers and the supply from sellers.
In fact, the result of such mutual cooperation, and maybe often competition of both parties, leads to the formation of a schedule. Why do you ask the competition?
Yes, everything is very simple, imagine that a trader is an ordinary trader on the market. What are sellers trying to do? Sell as expensive as possible, and the buyer tries to buy as cheap as possible.
What prevents you from becoming a trader.
Or why someone earns millions, while others only dream about them.
When you turn 20, it seems that all roads are open and there is nothing that you cannot achieve in your life.
At 30, judgments are more pessimistic, goals are more down-to-earth. At 40, rarely does anyone expect to make a career or dramatically change their life for the better. But it turns out that you can achieve a lot at any age, the main thing is to know what is stopping you on the path to success, in our case to a career as a trader.
• Motivation - or rather its absence, the presence of desires always motivates goal setting. A person who doesn’t want anything is unlikely to achieve anything, so make your wildest wishes and they will definitely come true if you do something for it.
The Best Selection of Binary Options Options
The most technically simple way to make money on the stock exchange at the moment is binary options, but not
every beginner knows that there are several options for such trading.
Each of them differs not only technically, but also in the size of the remuneration received, as well as the conditions for receiving payments.
Let's consider options trading using the example of the brokerage company Alpari, the leader of the Russian market. The broker allows its clients to work with options such as high-low, touch, range, spread.
Dynamics of oil prices 2014-2015.
For almost every trader who has been working on the stock exchange for many years and tracks major
global instruments such as gold and oil, 2014 was a turning point in their worldview. Oil throughout the world is rightly called black gold, considering that its reserves may be depleted over time.
Almost every country in this world, in one way or another, depends on fluctuations in oil prices. Whatever one may say, the entire industry is somehow dependent on refined oil products, and therefore directly on the oil itself.
Even the recent collapse of the ruble in Russia is associated with a fall in the price of black gold. So what was the turning point in the consciousness of traders? Why can't so many of us simply accept such a rapid decline in oil prices?
Classification of oil.
There are several main groups into which oil is classified; this was done to unify this energy carrier during
exchange trading.
The classification is primarily influenced by the composition of the oil, namely the amount of various impurities; the so-called grade depends on them.
The main types of oil that are traded on stock exchanges are Brent, WTI, Urals, these designations are deciphered as follows: Brent
is the most common brand of oil, sometimes it is also called the standard, it is on its basis that prices for other types of oil are formed, this happens by taking away a discount or adding a premium to higher quality varieties.
Correlation of gold with oil and dollar
For about a century, leading analysts have been monitoring the clear relationship between the price of gold and the rates of most world currencies and the price of
some assets, among which oil comes first.
That is, one of the guidelines when forecasting exchange rates for the world's leading currencies and futures can be such a precious metal as gold.
The correlation is easily identified if you simultaneously open several charts of assets necessary for comparison, and the following parameters should be observed:
• Time frame - on all charts should be the same, for example, one day or D1.
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