tag:blogger.com,1999:blog-63159228358143440522024-03-19T20:53:35.464+08:00The Regular Tradermatfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-6315922835814344052.post-53406622491637224672023-02-07T22:42:00.003+08:002023-02-07T22:42:44.900+08:00Trade Balance: How to Use It in Forex<p> </p><p>This article is devoted to trade balance, its influence on the national currency, and to using it for <a href="https://blog.roboforex.com/blog/2019/06/26/how-to-trade-on-forex/">Forex</a> trading.</p><h2><span class="ez-toc-section" id="What_is_Trade_Balance"></span><a></a>What is Trade Balance?<span class="ez-toc-section-end"></span></h2><p>Trade Balance, or International Trade, is a <a href="https://blog.roboforex.com/blog/2019/11/07/economic-indicators-the-basis-for-forex-trading-strategy/">macroeconomic index</a>
that demonstrates the difference between the added up prices of all
exported goods and added up prices of all goods imported in the country
over a certain period. In other words, this is the difference between
export and import volumes in monetary terms. Trade balance is one of the
key indicators of competitiveness of goods and services produced in the
country.</p><p><strong>Trade Balance = Export - Import</strong></p><p>Depending on which index is bigger, Trade Balance can be positive or negative:</p><ul><li>Trade surplus appears when export exceeds import.</li><li>Trade deficit means that import exceeds export.</li></ul><p>Countries present their Trade Balance monthly. It accounts for seasons and has several categories:</p><ul><li>Consumer goods</li><li>Food</li><li>Raw materials and Industrial supplies</li><li>Autos</li><li>Capital goods</li><li>Other merchandise.</li></ul><p>As
a rule, for Forex trading you need the overall balance without specific
details. You can find changes in the Trade Balance on the Economic
Calendar.</p><p></p><h2>How does Trade Balance influence the national currency?<span class="ez-toc-section-end"></span></h2><p>Trade
Balance has a direct influence on the exchange rate of the national
currency. Current dynamics of the import-export ratio that it
demonstrates has a direct connection with both local and foreign
currencies. The country has to use international currency reserves
paying for import and, on the contrary, its trade partners form demand
for the national currency to pay for the goods they buy</p><p>A country
suffering a trade deficit (where import exceeds export) needs access to
lots of foreign currency to cover up for import expenses. Falling demand
for the national currency alongside growing demand for foreign money
has a negative influence on the local money. A decrease in export
volumes might lead to an increase in sack leaves in industry and growth
of unemployment, which will also make national currency cost less.</p><p>Trading
surplus, on the contrary, has a good influence on the national
currency. A country that exports more goods than it imports will enjoy
stable demand for its currency from international trade partners.
Increased demand for exported goods leads to the expansion of
production, which in turn, means new workplaces and stimulates consumer
spending. As a result, the exchange rate of the national currency grows.</p><p> </p><h2>Using Trade Balance in Forex<span class="ez-toc-section-end"></span></h2><p>You
can use Trade Balance for playing in Forex as any other important
economic index of a country. See below two trading options.</p><h3><span class="ez-toc-section" id="Long-term_trading"></span><a></a>Long-term trading<span class="ez-toc-section-end"></span></h3><p>This is an approach for investors that requires a large capital and long investment time. Such trading uses <a href="https://blog.roboforex.com/blog/2019/07/18/the-basics-of-fundamental-analysis/">fundamental analysis</a>
that evaluates changes in Trade Balance alongside other important
economic indices: CB rates, GDP, unemployment rate, inflation indices,
industrial production, etc.</p><p>Positive dynamics (growth of surplus)
will confirm good perspectives of the national currency. If other
fundamental indices agree, the growth of surplus will increase chances
of the currency for growth an heat up interest towards it. Buying the
currency, investors will form an uptrend.</p><p>Negative dynamics (trade
deficit), on the contrary, warns of a possible decrease in the rate of
the national currency. If other indices are also negative, an increase
in the deficit makes a decline in the currency exchange rate even more
probable, and investors will start selling to buy more promising ones.
As a result, the market will form a downtrend.</p><p> </p><h3>Short-term trade<span class="ez-toc-section-end"></span></h3><p>This
is the easiest and most accessible way of using the index in Forex. It
is based on the short-term influence of publisher Trade Balance on the
rate of the currency. In other words, this is about trading news, as
they say. Unexpected growth of surplus can cause temporary growth of the
currency, and an increase of deficit can provoke falling. This impulse
can be caught in trading.</p><p>For such trading, you will need to analyze the price chart and decide where and how to make a trade after the news emerges. Use <a href="https://blog.roboforex.com/blog/2019/08/20/basics-of-technical-analysis/">tech analysis</a> here as it will show the nearest strong <a href="https://blog.roboforex.com/blog/2020/02/21/how-to-trade-support-and-resistance-levels/">support and resistance levels</a>, <a href="https://blog.roboforex.com/blog/2019/08/05/trading-the-most-popular-patterns/">price patterns</a>, and other instruments you can use.</p><p> </p><h2>Bottom line<span class="ez-toc-section-end"></span></h2><p>Trade
Balance is an important macroeconomic indicator that represents the
export against import ratio of the country. Publication of this index
can influence the national currency a lot.</p><p>Trade Balance can be used for long-term trading (alongside other indicators) and short-term trading on news.</p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-87773600760482704452023-02-07T22:30:00.003+08:002023-02-07T22:31:29.771+08:00GBP/USD drops to fresh one-month low, eyes 200-day SMA around mid-1.1900s<p> 7 February 2023, 15:48 </p><p> </p><ul><li><strong>GBP/USD turns lower for the fourth successive day and drops to a fresh one-month low.</strong></li><li><strong>Hawkish Fed expectations, a softer risk tone underpins the USD and exerts some pressure.</strong></li><li><strong>Traders look forward to Fed Chair Jerome Powell’s speech for some meaningful impetus.</strong></li></ul><p>The GBP/USD pair attracts fresh sellers following an intraday uptick to the 1.2055 area and turns lower for the fourth successive day on Tuesday. Spot prices drop to a fresh one-month low heading into the North American session, with bears now eyeing to challenge a technically significant 200-day SMA near mid-1.1900s.</p><p>The US Dollar reverses an intraday dip and holds steady near a one-month peak touched on Monday, which, in turn, is seen exerting downward pressure on the GBP/USD pair. The upbeat US monthly jobs data (NFP) released last week fueled speculations that the Federal Reserve (Fed) will stick to its hawkish stance. This, in turn, remains supportive of a modest intraday uptick in the US Treasury bond yields and acts as a tailwind for the greenback.</p><p>In contrast, the Bank of England last week signalled that it was close to pausing the current rate-hiking cycle. In fact, the UK central bank removed the phrase that they would "respond forcefully, as necessary". Furthermore, BoE Governor Andrew Bailey said that inflation will fall more rapidly during the second half of 2023. This, in turn, is seen weighing on the British Pound and contributing to the offered tone surrounding the GBP/USD pair.</p><p>Apart from this, the prevalent cautious market mood - amid looming recession risks - further benefits the greenback's relative safe-haven status against its British counterpart. Tuesday's intraday slide could also be attributed to some technical selling below the 1.2000 psychological mark. This, in turn, supports prospects for an extension of the depreciating move, though traders might wait for Fed Chair Jerome Powell's speech for a fresh impetus.</p><p>Investors will closely scrutinize Powell's comments on inflation and monetary policy for clues about the Fed's future rate-hike path. This, in turn, will play a key role in influencing the near-term USD price dynamics and produce some meaningful trading opportunities around the GBP/USD pair in the absence of any relevant market-moving economic releases.</p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-65889711019640790802023-02-07T22:18:00.001+08:002023-02-07T22:43:02.679+08:00EUR/USD Price Analysis: Decline could pick up pace below 1.0770<p> 7 February 2023, 15:31 </p><p> </p><ul><li><strong>EUR/USD adds to the ongoing bearish move and drops below 1.0700.</strong></li><li><strong>Extra decline appears in the pipeline below the 1.0770 region.</strong></li></ul><p><strong>EUR/USD</strong> remains well on the defensive and drops to new lows in the sub-1.0700 zone on Tuesday.</p><p>The pair has recently broken below the 3-month support line near 1.0770, and this now allows for the downtrend to gather extra impulse in the near term. Against that, the next interim support comes at the 55-day SMA at 1.0662, while the breach of this region could open the door to a deeper retracement to the 2023 low at 1.0481 (January 6).</p><p>In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0319.</p><h2 class="fxs_headline_medium">EUR/USD daily chart</h2><h2 class="fxs_headline_medium"><div class="separator" style="clear: both; text-align: center;"><a href="https://charts.mql5.com/35/172/eurusd-d1-fbs-inc-daily-chart.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="386" data-original-width="800" height="386" src="https://charts.mql5.com/35/172/eurusd-d1-fbs-inc-daily-chart.png" width="800" /></a></div><br /> </h2>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-3191942807188011132023-02-06T11:54:00.002+08:002023-02-06T11:54:45.810+08:008 qualities of a successful trader<p> </p><p>Many traders suppose that a profitable strategy will certainly lead
them to success. However, they forget that the main part of a trade is a
person. Why people who use the same strategy come to different results?
Everything depends on their behavior and attitude. We gathered the most
useful qualities of successful traders.</p>
<p>1.<strong> Be confident. </strong>Your strategy can be super
profitable. However, if you are not sure in your actions, you will
definitely lose. Follow your tactics no matter what. Do not change your
targets when it seems that the trade is not profitable. If you are sure
in your trading system, nothing can disturb you. Remember that
confidence comes from constant practice.</p>
<p>2. <strong>Be calm.</strong> The movement of the market cannot be
predicted with 100% accuracy. You should be prepared for any scenario.
Otherwise, panic will lead you to wrong decisions. Every successful
trader knows what to do if the market goes against him/her. Be aware of
all possible movements of the price and stay calm.</p>
<p>3. It may seem stupid but a lot of traders, especially novices, forget about this simple rule: <strong>be yourself! </strong>Trade
reflects trader’s personality. Every trader has his/her own trading
goals. As a result, his/her behavior in the market pursues those goals.
If you follow someone’s trading strategy without understanding it, you
are supposed to lose. Focus on your personal aims, decide how much risk
you can take and keep learning.</p>
<p>4. An additional advice to the previous statement: <strong>be independent. </strong>Media
influences our opinions and decisions a lot. However, while trading you
should learn to disregard this noise and stick to your own judgment. To
avoid external influence, develop your own experience: watch how the
market reacts to news releases and events and track which technical
patterns really work. These observations will give you the ability to
analyze the market and make your own conclusions.</p><p> </p><p>5. <strong>Be simple.</strong> Do not mix independence with ego. This
problem relates mostly to novices. After the first profitable trade,
they become sure that they already are gurus and know how to trade.
However, such perception will lead to losses. You need to realize that
you won’t be able to change the market’s direction. If you see that the
price moves not in the direction you supposed, and the new trend is
confirmed by unshakable evidence, do not hesitate to change your trade
idea, so not let your losses run.</p>
<p><strong></strong>6.<strong> Be curious. </strong>Successful traders
always improve their skills; they never stop studying. The easiest way
to improve your trading skills is to analyze your previous trades.
Moreover, read more books written by successful traders and learn new
features of the technical analysis.</p>
<p>7. <strong>Be accurate. </strong>As we said in the previous advice,
you can improve your skills by analyzing your previous trades. To do it,
make notes. Write down your actions, profits, and losses. It will help
you avoid mistakes in the future.</p>
<p><strong></strong>8. <strong>Be optimistic.</strong> Only with an
optimistic attitude, you can become a successful trader. A trade is not
possible without losses. If you overreact to your negative profit, it
will bring insecurity to your trade. Take your losses into consideration
only as a good lesson but do not focus on them.</p><p><a href="https://fbs.partners?ibl=98798&ibp=3669" target="_blank">To learn more about trading</a> </p><p> </p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-43621665297907285702023-02-06T11:52:00.000+08:002023-02-06T11:52:14.604+08:00Common mistakes of Forex traders<p> </p><p>“Only fools learn from their mistakes, the wise man learns from the mistakes of others.” Have you ever heard this saying?</p>
<p>We have gathered the most common mistakes that traders make. Avoid your own mistakes, learn from the faults of others!</p>
<h2>1. "Fail to plan and you plan to fail"</h2>
<p>Everyone knows that it is quite difficult to do something without
planning. We will tell you even more: it is impossible to trade without a
plan.</p>
<p>A trading plan is a set of rules that consists of your trading
strategy and money management strategy. A plan will help you determine
when to enter a trade, how to exit an unsuccessful trade, time to reach
your target, the amount of money to risk. Without this knowledge, you
will definitely lose.</p>
<h2>2. Not having a Stop Loss</h2>
<p>Even if you are 100% sure of your profit targets, you should better
set a Stop Loss. The Forex market is highly volatile, and urgent news
can lead to the turn of the trade. In January 2015, the Swiss National
Bank suddenly abandoned the cap on the franc’s value against the euro,
and EUR/CHF fell by 30%. This event took everyone by surprise. Many
traders who didn’t have Stop Loss orders in place suffered great losses.
If you do not have a Stop Loss, you may just miss the moment of the
turn that will lead to a disaster.</p>
<h2>3. Adding to an unprofitable trade</h2>
<p>Sometimes traders are so sure in their trading targets that they are
blind to the reality. Imagine that you opened a buy order, but the
market moved down. You, however, are so sure that you made the right
thing that you increase the size of your position in hope that the price
will soon reverse up. In a situation like you just multiply losses. If
you have an open position, you lose the ability to make unbiased
judgments and your actions become chaotic. As a result, never add to a
losing trade.</p>
<p>A similar thing happens when a trader increases Stop Loss during an
unprofitable trade so that the trade doesn’t close with a loss. Stick to
your initial decision. Otherwise, your loss may become bigger. If it
was a wrong decision, analyze what went wrong after the trade closed,
learn from this trade and use this knowledge to make a better trade next
time.</p>
<h2>4. Lack of risk management</h2>
<p>Traders who do not manage their risks, risk losing everything.
Traders can’t allow themselves to think only about profits. You should
always count how much money you risk losing per trade and per day. If
you keep your potential losses limited, you will be able to stay in the
market for a long time and thus have many more opportunities to earn.
Stick to the rule: 1% risk per trade. Nothing should distract you from
this rule.</p><p> </p><h2>5. Ignoring news releases</h2>
<p>Every trader knows that certain events and data releases affect the
Forex market. If the actual economic indicators differ from the forecast
levels, currency pairs become very volatile. As a result, all traders,
even those who choose not to trade on news, have to take into account
the news. Ignoring the news is a serious mistake that can be easily
avoided if you plan your trades and consult the economic calendar.</p>
<h2>6. Correlated pairs</h2>
<p>Traders often try to take multiple day trades, but many of them don’t
take into account currency correlations. It may seem you have good
chances to earn money on several pairs but be careful: if you see a
similar trade setup in multiple pairs, it’s likely that they are
correlated. So it means you can win or lose on all of them at the same
time. For example, USD/CHF and USD/JPY have a significant direct
correlation: when the first one goes up, the second one will likely
strengthen as well. So, when you buy both pairs at the same time you
double your risk.</p>
<h2>7. Trying to avenge yourself</h2>
<p>Losses are hard for everyone, especially newbies, so they try to have
a revenge on the market. Usually, revenge trades are 2-3 times bigger
than a previous losing trade. As a result, they lose even more. Losses
are inevitable. Focus your energy not on the revenge trading but on the
analyzing of the unsuccessful trade and improve it in the future.</p>
<h2>8. Lacking education</h2>
<p>The lack of the education leads to the trading blindness and losses.
If you want to have profitable trades, you should always improve your
skills. If your goal is to be a successful trader, read educational
books, learn new indicators and practice new strategies.</p>
<p>To make a conclusion, you will definitely make different mistakes
while trading. There is one more saying: if you are not making mistakes
then you are not doing anything. However, if you avoid the common
mistakes mentioned in this article, your trading will become successful
faster.</p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-47984035588278410222023-02-06T11:42:00.000+08:002023-02-06T11:42:14.015+08:00Do you know what candlesticks tell you?<p> Candlestick charting is a popular technical analysis tool used in finance to represent the price movement of an asset, such as stocks or currency, over a certain period of time. There are several types of candlesticks that can indicate the balance of power between buyers and sellers in the market.<br /><br />✔️ Candlesticks with buyers in total control: This type of candlestick shows that buyers have completely dominated the market and pushed prices up. The candlestick is typically green or white and its body is long.<br />✔️ Candlesticks with buyers in control: This type of candlestick shows that buyers have the upper hand, but not as strongly as in the first type. The body of the candlestick is shorter and there may be some upper shadow.<br />✔️ Candlesticks with active sellers but stronger buyers: This type of candlestick shows that while sellers are trying to push prices down, buyers are able to keep prices up. The candlestick has a long upper shadow and a short lower shadow.<br /> ✔️ Candlesticks with buyers winning but showing weakness: This type of candlestick shows that buyers were able to push prices up, but only slightly and with difficulty. The body of the candlestick is short and there may be a long upper shadow.<br />✔️ Candlesticks with sellers in total control: This type of candlestick shows that sellers have completely dominated the market and pushed prices down. The candlestick is typically red or black and its body is long.<br />✔️ Candlesticks with sellers in control: This type of candlestick shows that sellers have the upper hand, but not as strongly as in the fifth type. The body of the candlestick is shorter and there may be some lower shadow.<br />✔️Candlesticks with active buyers but stronger sellers: This type of candlestick shows that while buyers are trying to push prices up, sellers are able to keep prices down. The candlestick has a long lower shadow and a short upper shadow.<br />✔️ Candlesticks with sellers winning but showing weakness: This type of candlestick shows that sellers were able to push prices down, but only slightly and with difficulty. The body of the candlestick is short and there may be a long lower shadow.<br /><br />It is important to note that interpreting candlestick charts is not an exact science and should be used in combination with other technical analysis tools and market indicators.</p><p><a href="https://fbs.partners?ibl=98798&ibp=3669" target="_blank">Learn more about candlestick patterns here</a> </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnFO29Ebm60PFqbpKN_pmGRhhmX0FGHs1gWTVNys6Dvi-KqGhC83mMgtWvAeYYo-TGl3RDqQBsa8AKffAEWhqJ1XGTG6mbkTVndXCI437WJZOAe0mfTnRW87QN5wKuj-YC-Ar8b75_A5NaygqqofkAkK43xrsdEyIZWf32HAlxrtLNjlZ1Xy9Y1XgWjw/s512/photo_2023-02-04_00-36-12.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="512" data-original-width="512" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnFO29Ebm60PFqbpKN_pmGRhhmX0FGHs1gWTVNys6Dvi-KqGhC83mMgtWvAeYYo-TGl3RDqQBsa8AKffAEWhqJ1XGTG6mbkTVndXCI437WJZOAe0mfTnRW87QN5wKuj-YC-Ar8b75_A5NaygqqofkAkK43xrsdEyIZWf32HAlxrtLNjlZ1Xy9Y1XgWjw/s320/photo_2023-02-04_00-36-12.jpg" width="320" /></a></div><br /> <p></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-325153065241862722023-02-06T11:35:00.002+08:002023-02-06T11:35:52.233+08:008 Rules Successful Traders follows!<p> 🔥 Every trader follows some rules that help him achieve goals and targets. Here's our list, share your in the comments:<br /><br />⚠️ Your capital is the only thing keeping you in trading. Set yourself a threshold of capital loss when you stop trading real money and start practicing on demo to prevent liquidation. <br /><br />🛑 Did you lose 5%-15% of your capital in one day? Stop trading and think about the mistakes made. The market isn’t going anywhere, and you will always find a situation to trade. <br /><br />💵 Trading is fun, entertaining, and enjoyable. However, it’s not a game, and you are not a gamer. Trading is a serious job that may make you financially free. Treat it like a business, where profit depends only on you. <br /><br />🧑🎓 The financial world is a dynamic and ever-changing place where you will be constantly finding new things and learning on mistakes. Don’t stop learning.<br /><br />❌ Stop Losses are critical for almost all traders to succeed. Although Take Profits help you take your portion of the market, Stop Loss limits your casualties, thus, decreasing your chances of losing everything. <br /><br />🌐 Found a great technical indicator? Test it! Managed to create or set up a trading robot? Great job! Technology is amazing for traders, use them in your favor. <br /><br />📍 Can you call yourself a trader if you don’t have a trading plan? This set of rules explains everything in your trading: from entry and exit points to risk-reward ratio and other vital components. Never forget your trading plan. <br /><br />😌 Always be ready to lose what you’re putting in the trade. Acceptance of this fact will make you more emotionally stable. <br /><br /><br /></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-30372909599260185412023-02-05T11:13:00.000+08:002023-02-05T11:13:08.564+08:00How to Scalp in Forex Market : A Simple Definitive Guide<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd4xzGaNlmd9bTovtyELSzFcF-dy_1dcsd13pjPFPEpE1XAKUUX3IjwLkQKQTahq-u7IlfQRnr6Q-Q2a-U2X1X2YF6kZTebAcdXCnPtDLJy7scro0un9dE9WkLbyFbzzO8EfRF2KjtXRrcvhS2r9HuA_a0eBy_7-BhKeoRzy20fadGVz0xT0R8Tc_JYw/s1160/19.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="380" data-original-width="1160" height="105" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd4xzGaNlmd9bTovtyELSzFcF-dy_1dcsd13pjPFPEpE1XAKUUX3IjwLkQKQTahq-u7IlfQRnr6Q-Q2a-U2X1X2YF6kZTebAcdXCnPtDLJy7scro0un9dE9WkLbyFbzzO8EfRF2KjtXRrcvhS2r9HuA_a0eBy_7-BhKeoRzy20fadGVz0xT0R8Tc_JYw/w366-h105/19.jpg" width="366" /></a></div><br />In this overview, we will discuss what is scalping and whether this strategy suits everyone. <strong>Scalping is a popular method of short-term trading in Forex with the use of leverage and low spread.</strong><p></p><p><strong></strong></p><h2 id="0-what-is-scalping">What is scalping?<span class="ez-toc-section-end"></span></h2><p>The definition of "Scalping" means a short-term intraday trading strategy with a short period of time. Scalping make a lot of intraday trades – short and with modest goals. The
technique consists of quickly “cutting” small profits off the price
movement of certain instruments.<br /></p><p>The option of availability of Leverage has made scalping quite a popular
strategy. A small fluctuation by a couple of points can bring the trader
a serious profit thanks to large leverage. Scalping is perfect for
traders with a small deposit that does not allow for <a href="https://blog.roboforex.com/blog/2020/04/14/how-to-find-stocks-for-long-term-investments/">long-term positional trading</a>. For scalping, we use small timeframes: M1, M5, M15.</p><p>Unlike
many other strategies, scalping requires much time and effort. You have
to keep a close eye on the market the whole day, find entry points, and
make trades. Potentially, scalping can bring large profits, but in
practice, it requires a well-tried trading strategy and psychic and emotion stability.</p><h2 id="1-who-is-scalping-suitable-for">Who is scalping suitable for?<span class="ez-toc-section-end"></span></h2><p>Scalping
does not suit everyone. The profitability of each trade is usually low,
and a significant profit is reached by aggregating the small profits
from multiple trades. A scalper must be patient to wait for their effort
to bring fruit. To become a successful forex scalper, one needs self-control, attention, and discipline.</p><p>Scalping requires much more time and accuracy than any other strategy, such as swinging or trading the trend.
A typical scalper opens and closes dozens of positions during a typical
trading day. For some people, such a task might turn out overwhelming.</p><p> <span style="font-size: large;"><b>Advantages and drawbacks of scalping</b></span><span class="ez-toc-section-end"></span></p><p>Let us have a look at the positive and negative sides of scalping in Forex.</p><h3 id="3-the-advantages-of-scalping"><span class="ez-toc-section" id="The_advantages_of_scalping"></span><span style="font-size: medium;">The advantages of scalping</span><span class="ez-toc-section-end"></span></h3><ul><li>The strategy is potentially profitable both in the short and long run;</li><li>You do not need to wait for a trend to form in the market. You can scalp any time: by trading the trend or trading counter trend, or in a flat market condition;</li><li>Market analysis becomes simpler. You use technical analysis and indicators to estimate short-term trends; fundamental factors are accounted for selectively;</li><li>It
is suitable for trading on small deposits. Thanks to leverage, you can
open significant positions and make profits even on a moderate deposit. <br /></li></ul><p><span style="font-size: medium;"> <b>The main disadvantages of scalping</b></span><span class="ez-toc-section-end"></span></p><ul><li><a href="https://my.roboforex.com/en/?a=lxq">Choosing a decent broker</a>
is difficult. You need advantageous trading conditions for scalping:
minimal spreads and commission fees, no critical slippages. Not every
broker can provide all this;</li><li>An increased risk connected to large leverage: even a small market move against the trader can result in serious losses, this is why you need to use the rules of risk management;</li><li>You
spend a lot of time and involve deeply in your trading. You have to
keep an eye on the market constantly because you open dozens of
positions. Scalping take up much of your energy and might end in a
professional burn up.<br /></li><li>A limited number of available trading
instruments. Not any instrument suits scalping. To decrease expenses
from a large number of trades, choose assets with minimal spreads. <br /></li></ul><p></p><h2 id="5-how-to-succeed-in-scalping"><span class="ez-toc-section" id="How_to_succeed_in_scalping"></span>How to succeed in scalping?<span class="ez-toc-section-end"></span></h2><p>To increase your chances for success, you will need the following.</p><h3 id="6-1-a-tried-and-reliable-trading-strategy"><span class="ez-toc-section" id="1_A_tried_and_reliable_trading_strategy"></span>1. A tried and reliable trading strategy<span class="ez-toc-section-end"></span></h3><p>It
is the main instrument of a scalper that helps to make a stable profit.
You can make a random profit several times, but without a proven
strategy, a trader is destined for misfortune in the long run. Hence,
start with testing your strategy on a small deposit demo account.<br /></p><h3 id="7-2-a-trustworthy-broker-with-suitable-trading-conditions"><span class="ez-toc-section" id="2_A_trustworthy_broker_with_suitable_trading_conditions"></span>2. A trustworthy broker with suitable trading conditions.<span class="ez-toc-section-end"></span></h3><p>The
trading conditions provided by the broker influence the results of
scalping tangibly. Apart from being reliable and having a license, your
broker should be loyal to scalpers and provide high-quality services. A
high speed of order execution, low spreads and commission fees,
acceptable slippages are the criteria that a scalper should check.</p><h3 id="8-3-suitable-instruments"><span class="ez-toc-section" id="3_Suitable_instruments"></span>3. Suitable instruments<span class="ez-toc-section-end"></span></h3><p>Not
all instruments suit scalpers. The most popular ones in Forex and
majors, because they boast minimal spreads and commission fees. You can
also use certain cross-rates, as for exotic <a href="https://blog.roboforex.com/blog/2020/06/19/how-to-choose-a-currency-pair-for-trading-in-forex/">c</a>urrency pairs, their spreads are too large.</p><h3 id="9-4-right-time-for-trading"><span class="ez-toc-section" id="4_Right_time_for_trading"></span>4. Right time for trading<span class="ez-toc-section-end"></span></h3><p>The
timing to trade a trade is also important. Analyze your strategy and decide
at what time of the day it works the best. Or, it may yield the best
results during a certain session: Asian, Pacific, European, or American.
If so, try to trade at this time.</p><h3 id="10-5-analyze-your-trading-statistics"><span class="ez-toc-section" id="5_Analyze_your_trading_statistics"></span>5. Analyze your trading statistics<span class="ez-toc-section-end"></span></h3><p>Investors
say that you previous success does not guarantee success in the future.
Hence, you need to analyze your trading regularly, shooting troubles. A
useful instrument is a trader's diary. It can increase your discipline, find mistakes, and master your trading style.</p><h2 id="11-trading-strategies-for-scalping">Trading strategies for scalping</h2><p><span class="ez-toc-section-end"></span></p><p>Nowadays,
you can find plenty of scalping strategies on the net. Still, approach
every strategy individually: one trader prefers an empty price chart,
another one enjoys indicators, the third one sticks to automatic
trading.</p><p>Choose your strategy based on your preferences and test
it well on a demo account before trading for real. Now let us discuss
three strategies meant for scalping.</p><p><span style="font-size: medium;"><b> 2 Moving Averages Scalping Strategy</b></span></p><p><span style="font-size: medium;"><span style="font-size: small;">This is a scalping strategy using 2 simple moving averages of 20 period and 50 period, a signal bar indicator (to observe trend strength) and in subwindow StepAbsoluteQQE indicator for filter entry and exit signal. It can use on 1m and 5m chart.</span></span></p><p><span style="font-size: medium;"><span style="font-size: small;">Example of the strategy setup :</span></span></p><p><span style="font-size: medium;"><span style="font-size: small;"></span></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-size: medium;"><span style="font-size: small;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_jCu_L7Xhe1_4a0GxAfkauESilweXgfYSu9q8znGZm9Ctl3u48WSoM5yefXFE2MWKK9RNe4sqvhTEqGYM4QXdIVNjV9U071xLHMjtgeCco69QmA279VphqOWghbvz23lVNkBBqEGBC-UzpIk8qhRnMFD2-dbXD1xZjzp-vlPEXRwvL2dyf4NfBzf2Dg/s1622/EURUSDM5_scalp.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="787" data-original-width="1622" height="155" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_jCu_L7Xhe1_4a0GxAfkauESilweXgfYSu9q8znGZm9Ctl3u48WSoM5yefXFE2MWKK9RNe4sqvhTEqGYM4QXdIVNjV9U071xLHMjtgeCco69QmA279VphqOWghbvz23lVNkBBqEGBC-UzpIk8qhRnMFD2-dbXD1xZjzp-vlPEXRwvL2dyf4NfBzf2Dg/s320/EURUSDM5_scalp.png" width="320" /></a></span></span></div><p></p><h2 id="15-bottom-line">Bottom line<span class="ez-toc-section-end"></span></h2><p>Scalping
is a popular way of trading in Forex. It helps to make a good profit
even on small deposits but requires much effort and durability from the
trader. You need all the conditions to be met (the strategy, broker,
etc.) and to control risks to succeed.</p><p><br /><span style="font-size: medium;"><span style="font-size: small;"> </span><br /></span></p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-63785726797957437092023-02-02T11:58:00.002+08:002023-02-02T11:58:42.379+08:00Currency pairs volatility <p> Following US FOMC rates announcement, here are some chart showing the big move after the news.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZBw8dX42aauAo9tUNO76z96EID-WsjWdjCNmmZ1pEZkQRW-qBxsMcSYXqU9U5LX88Z22J6ZO6p8432l4m-6LFRQF8ZlD3FpHRrL98Zn_PkFTY_RiIFFdtTwe5BSiPIzKtsIWEyIBNWzqqTcLkTNCY5MnYlrkOrjPCkoMsDQVZcV0QlM-WiczRBzGIGg/s1606/EURUSDM15.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="788" data-original-width="1606" height="157" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZBw8dX42aauAo9tUNO76z96EID-WsjWdjCNmmZ1pEZkQRW-qBxsMcSYXqU9U5LX88Z22J6ZO6p8432l4m-6LFRQF8ZlD3FpHRrL98Zn_PkFTY_RiIFFdtTwe5BSiPIzKtsIWEyIBNWzqqTcLkTNCY5MnYlrkOrjPCkoMsDQVZcV0QlM-WiczRBzGIGg/s320/EURUSDM15.png" width="320" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6W-sy8bewij4ymM1Z0QZe9lfsJPqI1lX7V1Tozr6tTWznDxDw93t4kmbs6uu_f3OzoBazrJj_Obn8NBhdhYkIWH-5AghwCbuNzhJkq2afzc9ohw8U22D2Jv5dQ_ZdNIuGftfyhXoyp_Tf1cdVTIP0nRgu1ZAlVLgAmSYzUmrd3Gd0V5PylCLphE3TaA/s1606/GBPUSDM15.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="788" data-original-width="1606" height="157" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6W-sy8bewij4ymM1Z0QZe9lfsJPqI1lX7V1Tozr6tTWznDxDw93t4kmbs6uu_f3OzoBazrJj_Obn8NBhdhYkIWH-5AghwCbuNzhJkq2afzc9ohw8U22D2Jv5dQ_ZdNIuGftfyhXoyp_Tf1cdVTIP0nRgu1ZAlVLgAmSYzUmrd3Gd0V5PylCLphE3TaA/s320/GBPUSDM15.png" width="320" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPLcjUgoA1lEpe5TatQ_aWY_4ZQ3EEIrbNGL973uQT9PUEI-981_ExGfzsZhbxgVX4V02z1efmj9ECIAcdOdGgqOS1LDrxP5F3K20qvOncPlu5Jgd44ohpurMlmo0ZMKGacJmPf7TXTPfncMT9sH5RBjCuBm7ogv4Hp0F20TSLBrl283ptKS8A06CCrQ/s1606/XAUUSDM15.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="788" data-original-width="1606" height="157" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPLcjUgoA1lEpe5TatQ_aWY_4ZQ3EEIrbNGL973uQT9PUEI-981_ExGfzsZhbxgVX4V02z1efmj9ECIAcdOdGgqOS1LDrxP5F3K20qvOncPlu5Jgd44ohpurMlmo0ZMKGacJmPf7TXTPfncMT9sH5RBjCuBm7ogv4Hp0F20TSLBrl283ptKS8A06CCrQ/s320/XAUUSDM15.png" width="320" /></a></div><br /><p>It is possible to trade the news to capture 20pips or more but expect bad slippage and re-quote from broker.<br /></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-9696206135768543712023-02-01T22:13:00.002+08:002023-02-01T22:13:42.561+08:00A brief Introduction About Regression Channel<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGLl5OcT5WsfDeWrhEOTZRdJChx54UOsbelrgdKD9yLam71m_uM407dOuCf7ckTeUHVoSKrzjRibF3c3q_OOljBSk9WlI5cmyG7A1enqyovpBNH5lGwBJUKK92acyGUEZVeccxwt1Kq9Hll8ypWGn1AnYxkvmO6spDGYLHlSrBoto39qPA2TjurUxuhg/s1634/AUDUSDH4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="787" data-original-width="1634" height="154" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGLl5OcT5WsfDeWrhEOTZRdJChx54UOsbelrgdKD9yLam71m_uM407dOuCf7ckTeUHVoSKrzjRibF3c3q_OOljBSk9WlI5cmyG7A1enqyovpBNH5lGwBJUKK92acyGUEZVeccxwt1Kq9Hll8ypWGn1AnYxkvmO6spDGYLHlSrBoto39qPA2TjurUxuhg/s320/AUDUSDH4.png" width="320" /></a></div><br /> <span class="style-scope yt-formatted-string" dir="auto">A regression channel is a technical analysis indicator that attempts to forecast where a stock might go next. Watch this video to learn how this indicator might help you determine potential entry signals and price targets, and what price to consider when setting a stop order. </span><p></p><p><span class="style-scope yt-formatted-string" dir="auto">Watch the video :</span></p><p><span class="style-scope yt-formatted-string" dir="auto"></span></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/KYgJ13nO4yM" width="320" youtube-src-id="KYgJ13nO4yM"></iframe></div><br /><br /><p></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-64081319677753171102023-02-01T21:59:00.001+08:002023-02-01T21:59:30.865+08:00Something Interesting to Read : Mastering the Market Cycle By Howard Marks<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiffA96UrWjZl0wahfhDgskjIY3RjHogqNq1S5o96GgaKyr0dEIRMVnJfXZOyJq--6Y3AWo1tztvffDHGQkHu_MXYNyhm9oPby7E3UsWQ3ikkm14gTQn-_hk9XviJ0sQXfoN0v2U6qjLsFgNo7t5IiVOMZrz1asIBpFDoTOrYuPxcIlJFFcn5GaD4z7bw/s522/mastering%20the%20market%20cycle.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="522" data-original-width="348" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiffA96UrWjZl0wahfhDgskjIY3RjHogqNq1S5o96GgaKyr0dEIRMVnJfXZOyJq--6Y3AWo1tztvffDHGQkHu_MXYNyhm9oPby7E3UsWQ3ikkm14gTQn-_hk9XviJ0sQXfoN0v2U6qjLsFgNo7t5IiVOMZrz1asIBpFDoTOrYuPxcIlJFFcn5GaD4z7bw/s320/mastering%20the%20market%20cycle.JPG" width="213" /></a></div><br /> <p></p><h3>A Note to Readers from Howard Marks, author of Mastering the Market Cycle </h3> <p>Investors
clearly could do much better if they knew what lies ahead. But they
can’t. Few people can accurately predict what the future holds in store
for the economy and markets, and fewer still know enough about these
things to out-think and thus out-invest the general consensus of
investors whose views are incorporated into – 'discounted by' – the
market prices of securities. But we know economies and markets follow an
up-and-down pattern called a cycle and, importantly, knowing where we
currently stand with regard to the economic cycle and the market cycle
can give us a better idea of what lies ahead. This is a process through
which investors can get the odds on their side. </p> <p>When the economy
is just beginning to recover from a slowdown and the markets are
picking themselves up off the floor after a bust, it’s highly likely
that security prices haven’t been lifted to precarious levels by large
doses of investor optimism. </p> <p>Pleasant surprises are more likely
to lie ahead than disappointments; investors will probably come to be
persuaded of these things over time and thus become buyers; and their
buying should cause security prices to rise. At such a point – when
economies and markets are low in their cycles – good things are more
likely to lie ahead than bad things. </p> <p>Since security prices
aren’t inflated, buying at that point is likely to make for significant
appreciation and entail little risk. </p> <p>And on the contrary, when
the recovery and bull market have been rolling for a while, investors
are likely to be feeling good, and their optimism is likely to be
incorporated in security prices. </p> <p></p> <div> <p>Thus prices may
be at risky highs; disappointments are more likely to lie ahead than
good news; and thus risk may be high and appreciation hard to come by.
All these things mean that when we’re high in the cycle, the odds are
against you. When others feel good and drive prices to highs, it’s time
to cut risk and take some of your money off the table. </p> <p>In all
these things, the operative words are 'likely' and probable.' So while
we can’t know what the future holds, we can have a better idea whether
the wind is at our back or in our face. The best investors have a sense
for where we stand in the cycle and thus whether it’s time to build more
aggressiveness or more defensiveness into their portfolios. This book
will teach you what cycles are, what causes their rise and fall, and
thus how to tell what investment moves are most likely to succeed. </p><p> </p><p><a href="https://www.amazon.com/Mastering-Market-Cycle-Getting-Odds/dp/1328479250/ref=sr_1_5?crid=3AYQ3CS3O5DA&keywords=cycle%20trading&qid=1674719729&sprefix=cycle%20trad%2Caps%2C701&sr=8-5" target="_blank">Buy The Book Here</a> </p> </div>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-41628461238985444792022-02-16T10:29:00.001+08:002022-02-16T10:29:43.964+08:00Forex Trading Strategy : MACD + ADX Trading Strategy<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiGd_oDfm-n4GBP4RW9cyfG28sKtgVDfgkfE9QdRF5lUu_mcc4DRpRc_2GVmj5hjmkAr8gKVw1mhAAgDHMUt7bnsPkXXLVicexaMnMn1ZcmIf2N7-IxGezztkVFKyiOW1Duu4R6rQ_9zL3wWUbbw8lEbmus1BIjbiHB6nFjG81yAO5Tp8mlKPSAYJcBfQ=s967" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="665" data-original-width="967" height="220" src="https://blogger.googleusercontent.com/img/a/AVvXsEiGd_oDfm-n4GBP4RW9cyfG28sKtgVDfgkfE9QdRF5lUu_mcc4DRpRc_2GVmj5hjmkAr8gKVw1mhAAgDHMUt7bnsPkXXLVicexaMnMn1ZcmIf2N7-IxGezztkVFKyiOW1Duu4R6rQ_9zL3wWUbbw8lEbmus1BIjbiHB6nFjG81yAO5Tp8mlKPSAYJcBfQ=s320" width="320" /></a></div><p></p><p><span style="font-size: medium;">This simple trading strategy can be applied to any instrument on any time frame. This strategy using two ocillator, ADX with 16 period setting and MACD setting of 3, 9, 16. Some say that a trend indicator alongside an oscillator is the most efficient combo.</span></p><p><span style="font-size: medium;">Any of these three pair suits the strategy: EUR/USD, GBP/USD, AUD/USD.
Experienced traders/investors stick to these ones because majors have more
predictable behavior, and tech analysis works much better on them. Recommended time frame should be on shorter period.</span></p><p><span style="font-size: medium;">To open a position, start by analyzing the activity of ADX with period
16. Make sure you choose correct settings when adding the indicator to
the trading terminal.<br /></span>
<span style="font-size: medium;"><br />
Signals in the strategy do not differ from "classic" ADX signals. As you
know, the author claims that a crossing of +Di and -Di as it is already
gives a market entry signal. For example, if +Di crosses -Di from
below, this is a signal to buy, and if -Di crosses +Di from above, this
signals to sell.<br /></span>
<span style="font-size: medium;"><br />
+Di and -Di show the difference between today's and yesterday's high and
low. So in the first case, when +Di goes up, the trend must be
ascending because today's highs are higher than yesterday's. Hence,
buying is the best option in such circumstances. Meanwhile, when -Di
values go down, we can conclude there is a bearish impulse and get
prepared for selling.</span></p><p><span style="font-size: medium;"><a href="https://blog.roboforex.com/blog/2021/10/29/macd-adx-trading-strategy/?utm_source=carigold.com&utm_medium=cpc&utm_campaign=rf_en_external_forums_blog&utm_content=text" target="_blank">Read more MACD + ADX Strategy</a> </span></p><p><span style="font-size: medium;"> </span></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-43119883172941208332022-02-15T01:04:00.004+08:002022-02-15T01:06:23.654+08:00EURO Week forecast : Geopolitical Risks and an Increasingly Hawkish Fed, ECB on the Sidelines<p> </p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjyzveU5idw3O0NjYZVcEviOV9PwcmMzpD3Q9IeWbhc6bSJqfUm6P1KHeWpzyHkYFgzA1P9LjICZDQLQgOQDHuvBAZA7r8xWj2ZsZFdw4gHdjh4Y0su8zfGEjTeepKExM0CVdbIGivZ8karnerRdEGhLHZbVZ6klNor2sbn_yLZmY1lv-ajJlu1KtkKPg=s1670" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="888" data-original-width="1670" height="229" src="https://blogger.googleusercontent.com/img/a/AVvXsEjyzveU5idw3O0NjYZVcEviOV9PwcmMzpD3Q9IeWbhc6bSJqfUm6P1KHeWpzyHkYFgzA1P9LjICZDQLQgOQDHuvBAZA7r8xWj2ZsZFdw4gHdjh4Y0su8zfGEjTeepKExM0CVdbIGivZ8karnerRdEGhLHZbVZ6klNor2sbn_yLZmY1lv-ajJlu1KtkKPg=w431-h229" width="431" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="font-size: x-small;"><i>EUR/USD 1 Hr Chart</i></span><br /></td></tr></tbody></table><br /><p></p><p><span style="font-size: medium;">The one-week implied volatility of the EUR/USD has reached its highest level since the middle of December, following reports last Friday that US intelligence suggested Russia could invade Ukraine this week. If tensions between the two countries continue to rise, the single currency may be vulnerable to a rapid selloff.</span></p><p><span style="font-size: medium;">Markets dislike uncertainty, and the prospect of an invasion destabilising European politics and economic dynamics could cause traders to flee the eurozone. Crude oil prices are also rising as a result of supply disruption concerns between the West and Russia, which is also a key player in OPEC+. Higher oil prices could also pose a problem for the European Central Bank (ECB).</span></p><p><span style="font-size: medium;">Since the ECB's February monetary policy announcement, ECB President Christine Lagarde has spent the majority of her time downplaying increasingly hawkish expectations. Earlier this month, this resulted in a brief 2-day surge in the Euro. Even one of the more dovish central banks has begun to acknowledge the global inflationary trend.</span></p><p><span style="font-size: medium;">Nonetheless, the ECB President warned that if the central bank "acts too quickly now, the recovery may be weaker." She may make similar remarks during a European Parliament debate on Monday. This could further erode the Euro. Traders will also be looking at Eurozone GDP and industrial production figures. This week's speakers will also include ECB Chief Economist Philip Lane.</span></p><p><span style="font-size: medium;">Traders should also keep an eye out for incoming FOMC minutes, which may echo the central bank's increasingly hawkish rhetoric. This could destabilise market sentiment and give the US Dollar a boost, leaving the Euro vulnerable. Loretta Mester, president of the Federal Reserve Bank of Cleveland, and James Bullard, president of the Federal Reserve Bank of St. Louis, will also speak.</span></p><p><span style="font-size: medium;">Read more.....<a href="https://www.dailyfx.com/forex/fundamental/forecast/weekly/eur/2022/02/13/Euro-Forecast-EURUSD-on-Edge-Over-Russia-Ukraine-Risks-Lagarde-Cools-ECB-Hike-Bets.html" target="_blank">Forecast</a></span></p><p><span style="font-size: medium;">#EURO #forexforecast <br /></span></p><p><span style="font-size: medium;"> </span></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-22300252541842857732022-02-13T12:26:00.002+08:002023-02-07T22:43:26.426+08:00How to Trade With Leverage in Forex<div class="separator" style="clear: both;"><a href="https://blog.roboforex.com/wp-content/uploads/2019/06/19_obrazovanie-chto-takoe-marzha-i-kak-torgovat-s-kreditnym-plechom.png" style="display: block; padding: 1em 0px; text-align: center;"><img alt="" border="0" data-original-height="345" data-original-width="800" src="https://blog.roboforex.com/wp-content/uploads/2019/06/19_obrazovanie-chto-takoe-marzha-i-kak-torgovat-s-kreditnym-plechom.png" width="320" /></a></div><p>
<span style="font-size: medium;"><b>What is Leverage</b> </span></p><p>Leverage means the ratio between the money you own and that borrowed from the broker. Different brokers offer different leverage sizes, which also depend on the market you are trading. On Forex, you can easily find brokers offering up to 2000:1 leverage, and there's one that claims to offer unlimited leverage to its clients. In the stock market, meanwhile, you'd barely come across a broker that offers over 20:1 leverage. </p><p><span style="font-size: medium;"><b>Leverage in Forex </b></span></p><p> Leverage got especially popular in Forex, as it is less volatile, and one needs to have their funds leveraged in order to boost the performance, and, subsequently, the profits. The EUR/USD, for instance, moved just 1.10% in May, which would have returned you a 1.10% profit without leverage (1:1). Over the same period, Tesla yielded 14% profit to the shareholders. This way, once the Forex brokers stop offering leverage, the gains in the market will get ridiculously small for the retail traders, and those will have to move the money elsewhere. <br /></p><p><span style="font-size: medium;"><b>How to Get Leverage</b></span> </p><p> A broker will grant you leverage once you deposit your own funds on your account with that broker. Those funds are called margin, and they act as collateral for the loan money you get from the broker. Every broker has its own minimum deposit limit; in many cases, it is as little as $10. Some even don't require any: you just get a welcome bonus, 'free money' that acts as margin. <br /></p><p><span style="font-size: medium;"><b>Leverage and Expenses </b></span></p><p>When trading with a broker, you as a trader always have to pay commissions on every trade you make. The commission or fee may be priced in spread or may be paid apart. Besides, when rolling a position overnight, you will have to pay the swap. Without leverage, those fees can be barely seen in the statement, but when you do use leverage, they become a few times larger. Let's assume you open a USD/JPY trade with a 1:1 leverage and a $1,000 deposit. With the smallest lot size, 0.01, and a spread of 1.90 pips, you get a ridiculous $0.17 fee. Once you have moved to a 100:1 leverage, however, you will be able to open a 1-lot position, and, considering this, the fee will increase to as much as $17.48. Thus, larger leverage leads to larger expenses. </p><p><span style="font-size: medium;"><b>Advantages of Leverage </b></span></p><p>Leverage is so much popular in Forex because, without it, you won't earn as much in Forex as in stock market over a certain time frame. Leverage increases the capital you can operate, thus boosting your performance and ROI. Look at the above example: suppose you opened a EUR/USD trade on May 1 and closed it on may 31; this would have yielded you 1.10% profit. With Tesla, you would have earned nearly 14 times more. That's why, if you don't use leverage in Forex, you don't want to trade Forex at all! </p><p><b><span style="font-size: medium;">Leverage Risks </span></b></p><p> Unfortunately, not every trade results in profit. Sometimes, you will certainly have losing trades, and in this case the leverage will magnify your losses. Say, you went long on EUR/USD with a $1.200 deposit, the price is 1.1200, and your lot size is 0.01 (micro lot), each pip thus costing $0.10. Then the price fell to 1.190, and in case you decide to close your position, your loss will be as little as one dollar! With 100:1 leverage, this would be a different story. You would have most likely gone one lot, and a 10-pip fall will now cost you as much as $100. Your profit and loss size, therefore, is strictly bound to the leverage size; with more leverage, you earn more and you lose also more! </p><p><b><span style="font-size: medium;">Conclusion</span></b></p><ul style="text-align: left;"><li>Leverage allows you to trade with an amount, which is sometimes dozens or even hundreds of times larger than your deposit. </li><li>In
order to get the leverage, you need to deposit some funds on your
trading account, those funds being your collateral, or margin. </li><li>Using leverage increases your trading costs and expenses.</li><li>With leverage, you can boost your performance and ROI drastically.</li><li>When using leverage, you as a trader must be aware of the risks that may arise once the market starts moving against you. <br /></li></ul><p><span style="font-size: small;"> Read more</span><b><span style="font-size: medium;"> <a href="https://blog.roboforex.com/blog/2019/06/17/how-to-trade-with-leverage/" target="_blank">Roboforex-trade-with-leverage</a><br /></span></b></p><p> <br /></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-70386576575915933162022-02-12T18:59:00.003+08:002023-02-07T22:43:45.311+08:00Forex Top 4 Currency Pairs Trading Daily In The Forex Market<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi0zOpZll71u9_qPPMLy3wZJkiUcA1Af829sy48jx3WwQrH8E2TjcFdG-YEBR04xvv5ykHv1cUn46l6P9V0XPWNP5OtQM2t4KlsQHdcDHH1TtDoMeHmqwAOO6fL4Mh7fVcv-7T3UNdd31vVT8ByD371eGKmfW9BY8oEEFAL1V0csKyO8iibNXnVJ8dTsw=s1280" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="853" data-original-width="1280" height="213" src="https://blogger.googleusercontent.com/img/a/AVvXsEi0zOpZll71u9_qPPMLy3wZJkiUcA1Af829sy48jx3WwQrH8E2TjcFdG-YEBR04xvv5ykHv1cUn46l6P9V0XPWNP5OtQM2t4KlsQHdcDHH1TtDoMeHmqwAOO6fL4Mh7fVcv-7T3UNdd31vVT8ByD371eGKmfW9BY8oEEFAL1V0csKyO8iibNXnVJ8dTsw=s320" width="320" /></a></div><p></p><p></p><p></p><p><br /><span style="font-size: medium;">This article provides a brief overview of seven important currency pairs traded on the Forex market. These are the most popular pairings among traders and investors, and they have great liquidity and low spreads.</span></p><p><b>EUR/USD (EURO vs Dollar)</b><br /></p><p><span style="font-size: medium;">The Euro (EUR) is a single European currency that was introduced in 1999 to replace all national currencies in the European Union. Given its status, the EUR is a reflection of the state of the European Union's economy and is highly sensitive to European macroeconomic figures.<br /><br />The EUR/USD pair leads the Forex market in terms of daily trading volume, accounting for about 20% of total trading volume.</span></p><p><span style="font-size: medium;">The EUR/USD rate depicts the current exchange rate between the currencies of the EU and the United States. If the pair is increasing in value, it suggests that the EUR is becoming more valuable against the USD, and vice versa. The EUR/USD rate is heavily influenced by economic and political news from these regions.<br /><br />The EUR/USD pair began trading with a downward trend and eventually touched an all-time low of 0.8200. The pair rose steadily for several years following that, reaching an all-time high a little above 1.6000 in 2008.</span></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgnpLvses1wkIoZyubCg-_0TisqEA4_Ldr1KQh1CQ-ChfrXW6kSdmYAnrgDDBZuLQuLHwqVQS2saumCPBu8K5oc7BJYqsg03A3fi_ng_LZ0YzIFlEIafmwpbErznZ9sGjH0cqPUasLHnnRWaOY1N1FCt2jY0CZ2DCWKeKfuH_5SfmfdtX0zBlRoLDlO-Q=s1670" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="896" data-original-width="1670" height="226" src="https://blogger.googleusercontent.com/img/a/AVvXsEgnpLvses1wkIoZyubCg-_0TisqEA4_Ldr1KQh1CQ-ChfrXW6kSdmYAnrgDDBZuLQuLHwqVQS2saumCPBu8K5oc7BJYqsg03A3fi_ng_LZ0YzIFlEIafmwpbErznZ9sGjH0cqPUasLHnnRWaOY1N1FCt2jY0CZ2DCWKeKfuH_5SfmfdtX0zBlRoLDlO-Q=w421-h226" width="421" /></a></div><span> </span><span> </span><span> </span><span> </span><span> </span><span> </span><span> </span><span> <i><span style="font-size: x-small;"> </span></i></span><i><span style="font-size: x-small;">EUR/USD Monthly Chart</span></i><p></p><p><span style="font-size: medium;">Later, because of crises and other problems in Europe, the pair plummeted. The EUR/USD has a lot of liquidity, low spreads, and a daily volatility of around 80 pips.</span><i><span style="font-size: x-small;"></span></i></p><p><i><span style="font-size: x-small;"></span></i></p><p><i><span style="font-size: x-small;"></span></i></p><h2><i><span style="font-size: x-small;"><br /></span></i></h2><h2 style="text-align: left;"><span style="font-size: medium;">GBP/USD</span></h2><p style="text-align: left;"><span style="font-size: medium;">The British Pound (GBP) is the official currency of the United Kingdom. It is one of the world's oldest currencies, having first appeared in the twelfth century. The expansion of economic links between Britain and its colonies necessitated the creation of a trustworthy currency for settlements.<br /><br />GBP/USD is a currency exchange rate between the United Kingdom and the United States. The pair accounts for 15% of the overall trading volume on the currency market. GBP/USD is referred to as "cable" in foreign exchange slang. The phrase stems from the days when currency quotes and other data were communicated via early telegraph cables that were laid between London and New York.</span></p><p style="text-align: left;"><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEi0Rv8wuVb5oj2fnOJfQFIKclbJG5seE89WfiikNBkntSksctXtosvuJNx26dby2QnhVzirsz7oaSeLsQeG0RBKtUmwbnGtKpTelX28VjhOfeqazlo7PABeGohdlWImf8Rp54zrUYEr0yyfR6LdIEqtTZxpzRU9CvQzUqZ9tYVI2sYGl8Wu1KNFfZAqMg=s1670" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="896" data-original-width="1670" height="212" src="https://blogger.googleusercontent.com/img/a/AVvXsEi0Rv8wuVb5oj2fnOJfQFIKclbJG5seE89WfiikNBkntSksctXtosvuJNx26dby2QnhVzirsz7oaSeLsQeG0RBKtUmwbnGtKpTelX28VjhOfeqazlo7PABeGohdlWImf8Rp54zrUYEr0yyfR6LdIEqtTZxpzRU9CvQzUqZ9tYVI2sYGl8Wu1KNFfZAqMg=w455-h212" width="455" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="font-size: x-small;"><i>GBP/USD Monthly Chart</i></span><br /></td></tr></tbody></table></p><p style="text-align: left;"><span style="font-size: medium;">The base currency is the British Pound, whereas the quote currency is the US Dollar. If the pair rises, it indicates that the GBP is becoming more valuable against the USD, and vice versa.<br /><br />The British Pound is seen as a risky speculative currency, resulting in high GBP/USD volatility of around 100 pips each day. The price charts frequently show a number of false breakouts of support and resistance levels due to pair fluctuations.</span></p><p style="text-align: left;"><span style="font-size: medium;"></span></p><h2 style="text-align: left;">USD/CHF</h2><p style="text-align: left;"><span style="font-size: medium;">The Swiss Franc (CHF) is the country's official currency, which first arose in the seventeenth century to replace a variety of coins that had previously been used for settlements.<br /><br />The Swiss Franc is regarded as a "safe haven" asset in Europe due to its extremely trustworthy banking system and neutrality in European military wars. As a result, demand for CHF surges during times of crisis.<br /><br />With a 5% share of overall trading volume, USD/CHF is among the top four most popular currencies on the Forex market.</span></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiLwaI-vKvljXBmOFLZDs4YaIsmiKdHKUcv6CWmzPCJLTc2NqGpOF2LaBjkPFEPJMdHQOB6wxaV80kB9-IW-A4qQNL1Tbw6JCGWcgyYzDTnYzEqvapNByhFPoUEHpiMWTHuByi_TQ0gZl3sb1J1rC_R0yDbVxQrAGgESOyv_IkCYEi9DslBfBSz4jmIwg=s1670" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="896" data-original-width="1670" height="239" src="https://blogger.googleusercontent.com/img/a/AVvXsEiLwaI-vKvljXBmOFLZDs4YaIsmiKdHKUcv6CWmzPCJLTc2NqGpOF2LaBjkPFEPJMdHQOB6wxaV80kB9-IW-A4qQNL1Tbw6JCGWcgyYzDTnYzEqvapNByhFPoUEHpiMWTHuByi_TQ0gZl3sb1J1rC_R0yDbVxQrAGgESOyv_IkCYEi9DslBfBSz4jmIwg=w444-h239" width="444" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="font-size: x-small;"><i>USD/CHF Monthly Chart</i></span><br /></td></tr></tbody></table><p><span style="font-size: medium;">The economies of the United States and Switzerland are compared in the pair dynamics.<br /><br />The base currency is the US Dollar, while the quote currency is the Swiss Franc. If the pair rises, it suggests the US dollar is gaining strength against the Swiss franc.<br /><br />Economic and political news from the United States and Switzerland influence the pair's movements. The pair tends to decline during global financial crises when the Swiss Franc becomes more costly, as it is a "safe haven" asset. High liquidity, low spreads, and daily volatility of 50-70 pips characterise this pair.</span></p><h2 style="text-align: left;"><span style="font-size: medium;">USD/JPY</span></h2><p style="text-align: left;"><span style="font-size: medium;"><span style="font-weight: normal;">The Japanese Yen (JPY) is the Japan country's official currency. As a result of the 1871 monetary reform, it became the most important currency unit in the nineteenth century. In Asia, the yen is regarded as a "safe haven" asset.<br /><br />The USD/JPY is the third most popular currency on the Forex market, accounting for just under 15% of daily transaction.</span></span></p><p style="text-align: left;"><span style="font-size: medium;"><span style="font-weight: normal;">The base currency is the US Dollar, while the quote currency is the Japanese Yen. If the pair rises, it suggests the US dollar is strengthening versus the Japanese yen, and vice versa.<br /><br />JPY, like CHF, serves as a "safe haven" asset in times of crisis. As a result, when stock markets crash and JPY becomes more costly, USD/JPY tends to decline.<br /><br />When stock markets rise, the pair usually rises with them. High liquidity, low spreads, and daily volatility of roughly 70-80 pips characterise USD/JPY.</span></span></p><h2 style="text-align: left;"><span style="font-size: medium;"><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgFloPfpkPsN9HF4IA3mfL9OlGvVo3qwA58UCU8RkATPGTB5lUqRWGIjlUTOMOb-ZUxwH1ZQ-Nx1tGfE3A24UGZrIRrkyT8YHlNi5utoTLLIumBkUxiR1Y8UwFBTPswgjG9HsSB6PIip5fbysWHO_jQdylvzLyCYKgtlk4fnfuKMvQ-Zh4ZnWNfZnD3jQ=s1670" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="896" data-original-width="1670" height="240" src="https://blogger.googleusercontent.com/img/a/AVvXsEgFloPfpkPsN9HF4IA3mfL9OlGvVo3qwA58UCU8RkATPGTB5lUqRWGIjlUTOMOb-ZUxwH1ZQ-Nx1tGfE3A24UGZrIRrkyT8YHlNi5utoTLLIumBkUxiR1Y8UwFBTPswgjG9HsSB6PIip5fbysWHO_jQdylvzLyCYKgtlk4fnfuKMvQ-Zh4ZnWNfZnD3jQ=w446-h240" width="446" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="font-size: x-small;"><i>USD/JPY Monthly Chart<br /></i></span></td></tr></tbody></table><br /><span style="font-weight: normal;"><br /></span></span></h2><p style="text-align: left;"><span style="font-size: medium;"><br /></span></p><p><br /><br /><br /></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-44739366663101958042021-03-27T15:48:00.001+08:002021-03-27T15:48:21.765+08:00Simple Martingale EA demo test setup<p> Here is my setup for Simple Martingale EA Initial balance $6k, trade initial lot 0.1lot on EURUSD 15min chart.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqvo6v4KCl_XvyAVXKwOd3KW3SXeK0CtCCZXGJqlB104CFVVsNEZFVr_kChW5qVLsngbtlkEztCtYALvNU2BdatJHVgEfLetZVGOHYFXpEBMtKaJeWm3b0MvaiSeTGbEtdZM1-Tye-u-Sc/s1242/SimpleMartinEA_setup.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="803" data-original-width="1242" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqvo6v4KCl_XvyAVXKwOd3KW3SXeK0CtCCZXGJqlB104CFVVsNEZFVr_kChW5qVLsngbtlkEztCtYALvNU2BdatJHVgEfLetZVGOHYFXpEBMtKaJeWm3b0MvaiSeTGbEtdZM1-Tye-u-Sc/s320/SimpleMartinEA_setup.gif" width="320" /></a></div><br /><p><br /></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-32550784869040548862021-03-27T15:32:00.003+08:002021-03-27T15:32:45.929+08:00DonchianCloudTrader Expert Advisor<p> I have been forward test this EA since 4 January this year, started balance $1,970.00 and trade 3 currency symbol, namely EURUSD, GBPUSD and EURGBP on 5min chart. The EA is running 24/5 without switching off even on major news event. Currently account has grow close to $3k. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZVinArGg8zoDsaHpDuM-dQgFO00f2Isw7FedyQ2158QEUlBLdgMleATTSOm6pOXAQW1Ylfm-7HIN2pLIB0KESABWYkmxdg1bX_O69MfVaNmoQMhm4nxFpHRcwW44wG6iSZZWNP3CR_X1T/s782/DCT_2021.03.26_demo.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="531" data-original-width="782" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZVinArGg8zoDsaHpDuM-dQgFO00f2Isw7FedyQ2158QEUlBLdgMleATTSOm6pOXAQW1Ylfm-7HIN2pLIB0KESABWYkmxdg1bX_O69MfVaNmoQMhm4nxFpHRcwW44wG6iSZZWNP3CR_X1T/s320/DCT_2021.03.26_demo.png" width="320" /></a></div><br /><p>If you want to try out this Expert Advisor you may go to <a href="http://newdigital-world.com/automated-trading/" target="_blank">newdigital-world forum</a> premium section. You need to subscribe as member.</p><p>Example charts with EA on :</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtOs8HCrpL9A0Vq8Y5IYMZ1xN21Nxl6nhpZ8NEag5G0abJvI5ztnLyQZ7YeQvayzLo29Gasjuk9msKwZD3ZzMcz6POVnhyLoMDHP5wiHo3RvJEiI8B1rUzluycXYg6VnbmOkObyikgXwNs/s999/Donchian+chart.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="563" data-original-width="999" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtOs8HCrpL9A0Vq8Y5IYMZ1xN21Nxl6nhpZ8NEag5G0abJvI5ztnLyQZ7YeQvayzLo29Gasjuk9msKwZD3ZzMcz6POVnhyLoMDHP5wiHo3RvJEiI8B1rUzluycXYg6VnbmOkObyikgXwNs/s320/Donchian+chart.gif" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi18GkhtoAZ7sg7BgzsrB4qWlmM4wEmz3ej6T67nnrpKXHUZVpBrpOhPAbCSZW3woBM7ikhJsHU2pMp7tySovrBQcFU6Y2IiRBYoK3h7KEpwo9dAy75RoQD6ipF29epNps1Y23SioiS80qa/s883/EURUSDM5_DCTV1.3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="492" data-original-width="883" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi18GkhtoAZ7sg7BgzsrB4qWlmM4wEmz3ej6T67nnrpKXHUZVpBrpOhPAbCSZW3woBM7ikhJsHU2pMp7tySovrBQcFU6Y2IiRBYoK3h7KEpwo9dAy75RoQD6ipF29epNps1Y23SioiS80qa/s320/EURUSDM5_DCTV1.3.png" width="320" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwa2Jlj-EH0zEOsQznf3JDjay7lH5M55XZGl9mRAF9M3UyDqWtxAU_oGsfucfl8Sy9vzNx8W2Mhdrj3lj1X5wokLHek6iqXJS3A6xrOwK2atrWMZVTiUmVAes2ha0nwj58Jo0UNEkK6RrG/s883/EURGBPM5-DCTV1.3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="492" data-original-width="883" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwa2Jlj-EH0zEOsQznf3JDjay7lH5M55XZGl9mRAF9M3UyDqWtxAU_oGsfucfl8Sy9vzNx8W2Mhdrj3lj1X5wokLHek6iqXJS3A6xrOwK2atrWMZVTiUmVAes2ha0nwj58Jo0UNEkK6RrG/s320/EURGBPM5-DCTV1.3.png" width="320" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><p><br /></p><p><br /></p><p><br /></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-82520761435237957312021-03-27T15:24:00.000+08:002021-03-27T15:24:00.739+08:00Simple Martingale Expert Advisor<p> I have back test this expert advisor from 6 January 2021 up to 24 March 2021 on EURUSD 15min chart. With initial balance $5k. It seem this EA can generate good profit in ranging market.</p><p>I will forward test with demo account, use it as semi-auto trade because martingale will blow account if you let it trade itself.</p><p>Below is the back test result : </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0POi5f_mioyXW3sqywOStb0OVYPsRGsfZxjRZL6wIbKhAJ8ApALlvPSkbqfK-2MtS9_FXorEl8gYhtnLbEmn1OhR0tYXthbPKI44gCI1_o7WdXt5AwNm02ZDMtRAEetkWZi2ijiMOtSzN/s948/SimpleMartin_EU.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="658" data-original-width="948" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0POi5f_mioyXW3sqywOStb0OVYPsRGsfZxjRZL6wIbKhAJ8ApALlvPSkbqfK-2MtS9_FXorEl8gYhtnLbEmn1OhR0tYXthbPKI44gCI1_o7WdXt5AwNm02ZDMtRAEetkWZi2ijiMOtSzN/s320/SimpleMartin_EU.gif" width="320" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-45061901611825078892021-01-25T11:31:00.001+08:002023-02-07T22:44:07.050+08:00EURGBP : Ichimoku Analysis<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHntQTuM_IhyphenhyphenXGw7vcx4xSjCWW19rVG0m15HtLbZVxqt4Wdvr-sP-u7CWKijNpc0q4fRdfkvkA0998kEhwnfFwU0zPdKM81khBnVw9DgjOqbNUBEe9qVGRX977D8k8xfnQKHfkWM2Vbl08/s1113/EURGBPH4_ichi.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="721" data-original-width="1113" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHntQTuM_IhyphenhyphenXGw7vcx4xSjCWW19rVG0m15HtLbZVxqt4Wdvr-sP-u7CWKijNpc0q4fRdfkvkA0998kEhwnfFwU0zPdKM81khBnVw9DgjOqbNUBEe9qVGRX977D8k8xfnQKHfkWM2Vbl08/s320/EURGBPH4_ichi.png" width="320" /></a></div><br /><p> Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both
lines are directed upwards. Confirmative line Chikou Span is below the price
chart, current cloud is descending. The instrument is trading around lower
border of the cloud. The closest support level is the upper border of the cloud
(0.8745). The closest resistance level is the upper border of the cloud
(0.8940).</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxl-GjwdXgG35npywMMJ4umgjHBf5WbruUAeZnnpaZrZw-mCs4HJjeN3R9toGGZMWNUeopWEAegRYGixD3VWNo6UDcisniGSrRxWoNukZISYoDECRZC7QmIs5H_vFLfaD9fw1A77bGaNG3/s1113/EURGBPDaily_ichi.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="721" data-original-width="1113" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxl-GjwdXgG35npywMMJ4umgjHBf5WbruUAeZnnpaZrZw-mCs4HJjeN3R9toGGZMWNUeopWEAegRYGixD3VWNo6UDcisniGSrRxWoNukZISYoDECRZC7QmIs5H_vFLfaD9fw1A77bGaNG3/s320/EURGBPDaily_ichi.png" width="320" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><span style="text-align: left;">On the daily chart Tenkan-sen line is below Kijun-sen, the red line is
directed downwards, while the blue one remains horizontal. Confirmative line
Chikou Span is below the price chart, current cloud is descending. The
instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is
still strong. One of the previous minimums of Chikou Span line is expected to be
a support level (0.8720). The closest resistance level is Kijun-sen line
(0.8990).</span></div><p>On the both charts the instrument is still falling. It is recommended to open
short positions at current price with the target at the level of previous
minimum of Chikou Span line (0.8745) and Stop Loss at the lower border of the
cloud (0.8940).</p><p><br /></p><table>
<thead>
<tr>
<th colspan="2">Scenario</th></tr></thead>
<tbody>
<tr>
<td>Timeframe</td>
<td>Intraday</td></tr>
<tr>
<td width="50%">Recommendation</td>
<td width="50%">SELL</td></tr>
<tr>
<td>Entry Point</td>
<td>0.8889</td></tr>
<tr>
<td>Take Profit</td>
<td>0.8745</td></tr>
<tr>
<td>Stop Loss</td>
<td>0.8940</td></tr>
<tr>
<td>Key Levels</td>
<td>0.8720, 0.8745, 0.8940, 0.8990</td></tr></tbody></table>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-39132293045864171952020-12-21T12:51:00.001+08:002020-12-21T12:51:08.667+08:00ASCTRend signal<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiR0lA0xy2Gg9RXJoaO3qzZ92M9gU_Z8C8qE-zoUgq6SdTgfvr_uJrLBcVi6ImoY2gCvMwjIzkpysXln9czM0lWupmmQOeExk6S7iOYtk8Dhs-aqL-2JpU31yM4AfDH_m0HRIa4bDLfzH71/s1659/XAUUSDH4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="896" data-original-width="1659" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiR0lA0xy2Gg9RXJoaO3qzZ92M9gU_Z8C8qE-zoUgq6SdTgfvr_uJrLBcVi6ImoY2gCvMwjIzkpysXln9czM0lWupmmQOeExk6S7iOYtk8Dhs-aqL-2JpU31yM4AfDH_m0HRIa4bDLfzH71/s320/XAUUSDH4.png" width="320" /></a></div><br /><p></p><p style="text-align: center;"><b>XAUUSD H4 chart buy signal from ASCTrend.</b></p><p style="text-align: center;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDv3aO2RlG7h_bXfzRpBziqaByCZ5ZQZpJeK2VbDnNYxk960nDorKRZtS3keLMgFqyyKLdzgMMZqwNdiydKPaFDAEmTKUzvg05B8ml-5k7PNrhRbEWoPV43AQIbuZMhbNwzTUjXmH8vXmm/s1659/USDCADH4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="896" data-original-width="1659" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDv3aO2RlG7h_bXfzRpBziqaByCZ5ZQZpJeK2VbDnNYxk960nDorKRZtS3keLMgFqyyKLdzgMMZqwNdiydKPaFDAEmTKUzvg05B8ml-5k7PNrhRbEWoPV43AQIbuZMhbNwzTUjXmH8vXmm/s320/USDCADH4.png" width="320" /></a></div><br /><p style="text-align: center;"><b>USDCAD H4 chart buy signal from ASCtRend</b></p><p style="text-align: center;"><b><br /></b></p><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTa_sLWFlqB5pBnFUIyYXAfkYn_Y6QmKno1WWIpTuIqxiil_IX1lEzQvhIPSK2W1Z3SRR3BXHP6EVy__-q3kgqGiUFkMjRJQszvQ3vWtJs3f2wt-QRRRvF68YEzBRkBlHtDLfmoORkOKRy/s1659/AUDUSDH4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="896" data-original-width="1659" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTa_sLWFlqB5pBnFUIyYXAfkYn_Y6QmKno1WWIpTuIqxiil_IX1lEzQvhIPSK2W1Z3SRR3BXHP6EVy__-q3kgqGiUFkMjRJQszvQ3vWtJs3f2wt-QRRRvF68YEzBRkBlHtDLfmoORkOKRy/s320/AUDUSDH4.png" width="320" /></a></div><br /><b>AUDUSD H4 Chart sell signal ASCTrend</b><p></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-56697347938609288482020-12-18T06:27:00.001+08:002020-12-18T06:27:27.598+08:00Oil and gold rally on weaker dollar, bitcoin party continues - MarketPulse<a href="https://www.marketpulse.com/20201217/oil-gold-rally-weaker-dollar-bitcoin-party-continues/">Oil and gold rally on weaker dollar, bitcoin party continues - MarketPulse</a>: Oil plows higher on vaccines, inventories Crude prices have been unstoppable the last several weeks as vaccine rollouts begin, oil inventories are starting to come down, Asian demand remains robust, and the dollar slide propels commodities higher across the board. A relatively quiet night on the oil front has energy traders continuing to ride the …matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-48835336230789525692020-12-18T06:25:00.001+08:002020-12-18T06:25:58.689+08:00Aussie climbs as job data sparkles - MarketPulse<a href="https://www.marketpulse.com/20201217/aussie-climbs-as-job-data-sparkles/">Aussie climbs as job data sparkles - MarketPulse</a>: The Australian dollar has posted strong gains in the Thursday session. AUD/USD is currently trading at 0.7629, up 0.67% on the day. The Aussie remains red-hot, with gains of 1.2 per cent this week. Australia job creation sparkles The Australian dollar is up a staggering 19.5% since April 1st, and much of that gain is …matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-48561597193653408802020-12-02T18:33:00.003+08:002020-12-02T18:33:42.333+08:00Forex - EURUSD Waiting for Major breakout<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZlMgmreIsaDjhuSfnGuBn8TMfGhndwa5OaMtfC32FaaNozfsebR0hceF_GxwSfUK1tfj4ThViNXXgT2k8_Mm5V6xc5jEwa8_FhyphenhyphenT2jcrKxkjpsSV1KArsIzQoA-vSUSvSQkJBmkHtj5c5/s1241/EURUSDM5_Signal_Bar_MT5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="653" data-original-width="1241" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZlMgmreIsaDjhuSfnGuBn8TMfGhndwa5OaMtfC32FaaNozfsebR0hceF_GxwSfUK1tfj4ThViNXXgT2k8_Mm5V6xc5jEwa8_FhyphenhyphenT2jcrKxkjpsSV1KArsIzQoA-vSUSvSQkJBmkHtj5c5/s320/EURUSDM5_Signal_Bar_MT5.png" width="320" /></a></div><p></p><p>EURUSD Waiting for a major breakout. Currently stuck at fibo level 23.6% & 38.2%. It can either break down to south or to north depends tonight News announcement.<br /></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-42052460424586652842020-11-30T18:31:00.003+08:002020-11-30T18:31:54.568+08:00DarvasBoxes with new graphical options and alert <p> <u><span style="color: mediumblue;"><b>DarvasBoxes with the new graphical options and all kinds of alerts</b></span></u></p><p> </p><p><a href="http://newdigital-world.com/blogs/newdigital/31156-darvasboxes-new-graphical-options-alert.html">http://newdigital-world.com/blogs/newdigital/31156-darvasboxes-new-graphical-options-alert.html</a> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGdBjxW7dzNXgb2Cnn6CMc3STISbnTWzGgHCePYd8R-mSS2oB1rsg04kZ9UM67V31MujRnA2LxxdufJlx0uJLtMK5_hmqKG_Ny1U2GZsqClckZAK2RZKXkRM9Y4Cnhph7PxNSh1xPh2vC3/s1384/DarvasBoxes33600.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="699" data-original-width="1384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGdBjxW7dzNXgb2Cnn6CMc3STISbnTWzGgHCePYd8R-mSS2oB1rsg04kZ9UM67V31MujRnA2LxxdufJlx0uJLtMK5_hmqKG_Ny1U2GZsqClckZAK2RZKXkRM9Y4Cnhph7PxNSh1xPh2vC3/s320/DarvasBoxes33600.png" width="320" /></a></div><br />matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0tag:blogger.com,1999:blog-6315922835814344052.post-5935228608482498342020-11-30T18:13:00.001+08:002022-02-14T19:06:51.670+08:00EURJPY Face upper trend line resistance<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0ru05CYNvPnybDCuzR3-I8PcPVDeCvGgrSFXHLlxDJCQZSQHDq317Ib2hBEn6j4DClxSbPD8ys_DCrzpdo94ndKTOXU52QDQ8WzHlbWAzwxE2GiDMvTa4jR3OYLFO_e6dT7Ppk9-2K-hn/s1664/EURJPYDaily.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="896" data-original-width="1664" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0ru05CYNvPnybDCuzR3-I8PcPVDeCvGgrSFXHLlxDJCQZSQHDq317Ib2hBEn6j4DClxSbPD8ys_DCrzpdo94ndKTOXU52QDQ8WzHlbWAzwxE2GiDMvTa4jR3OYLFO_e6dT7Ppk9-2K-hn/s320/EURJPYDaily.png" width="320" /></a></div><br />On daily chart of EURJPY, we see resistance trendline area of 124.95. Expecting this currency pair retrace to Fibo level 23.8%<br /><p></p>matfxhttp://www.blogger.com/profile/03519500220972440528noreply@blogger.com0