We believe that under-valued NOK will gain more fair value against EUR with the help of rising oil prices.
Short EURNOK
We have entered short EURNOK trade at 9.6225 with stop loss at 10.00 and take profit at at 9.30.
We believe that under-valued NOK will gain more fair value against EUR with the help of rising oil prices.
We believe that under-valued NOK will gain more fair value against EUR with the help of rising oil prices.
Where I can find a good MQL developer
MetaQuotes Language 4 (MQL 4) is a programming language that is used to program Expert Advisors, Custom Indicators, Scripts and even libraries for Metatrader 4 trading platform. It is not a simple programming language and if you do not have any programming knowledge it might be hard to learn the language.
However, it does not mean that you will not be able to automate your trading strategy. In order to do so, you can rent an MQL 4 developer. The best resources are:
However, it does not mean that you will not be able to automate your trading strategy. In order to do so, you can rent an MQL 4 developer. The best resources are:
- Upwork – a leading freelancing platform where you can find experts from many different fields including MQL developers
- MQL5.com – a platform specially dedicated to MQL developers
- Freelancer - another popular freelancing platform
Know the most common types of trading on the market
Know the most common types of trading on the market
Before embarking on the financial market, it is very important to know the different types of transactions. Sea Day, Swing or Position Trade and even medium and long-term transactions (Buy & Hold). These terms may seem very complicated at first. But soon you will see that there is a fundamental difference between them: the time you are going to negotiate. understand:
Every investor has a plan for their investments. And it is precisely this plan that will help you define your strategy, as well as the time needed to operate in applications such as the stock market and the currency. In this way, it is essential that you prepare to work as precisely as possible. It's about taking calculated risks and knowing when to expect results.
Among the most common transactions (short-term transactions) are those of the currency. And these negotiations are classified in: Day Trade - they last less than 24 hours; Swing Trade - take two to five days and trade position - in the short term because they last a few weeks or even months.
All of these definitions and terms that you can know in today's article. Do it and take a step forward towards your financial independence!
Good reading!
What is the day trade
As we have seen, day trading is always closed the same day, but it can only last a few minutes or hours. This is the shortest of the types of trading. The purchase can be at the opening of the financial market and the sale at closing, or even with a difference of seconds: both are called day trade.
Since this is a fast-paced term, the trader needs a lot of knowledge and experience. In addition to speed, it is also common to operate with day trading to obtain small quantities. This is because the final sum can bring an interesting return. Then summarize and see some details:
The characteristics of the day trading: several short-term trading (less than 24 hours) at the same time, they need very liquid assets, require dedication, the profits are fast and the benefits of each operation can be small, but the result final very good. Knowledge in technical analysis and extensive experience on the part of the investor are essential.
Swing Trade
negotiation types 2
Swing trading is also one of the most common types of stock trading, but it is a longer term transaction. The merchant who uses the swing trade trades on average within two to five days. No more than that. The idea is to stay in position until the time set to achieve the goals.
In this context, the swing trader usually performs fewer transactions in parallel. Factor that does not eliminate the need for equal liquidity of assets as in day trading. Other prerequisites are mastery of technical analysis, patience, discipline, availability to accompany graphics and trends.
The characteristics of swing trading: less short-term trading (two to five days) at the same time, they need very liquid assets, require dedication, patience and discipline, perhaps greater consistency of results and knowledge is essential in technical analysis.
Trade position
At the point of negotiation, negotiations can last for a few weeks or even months. Since the objective is to increase profitability compared to other types of transactions, the investor keeps few open orders at the same time. Liquidity is important, but it's not essential like the day and the swing trade. Here, the term to use is larger.
The characteristics of the trade position: few transactions can be open at the same time (weekly), liquidity is not the most important factor, requires patience, discipline and emotional control, there may be more fundamentalist coherence See in this publication other alternatives to increase investment wealth.
Medium and long term
types of trading 3
Now, check the other modes of operation, different from the types of trading we saw above:
Medium term: longer term negotiations, one to five years. It is advisable to have some experience of the market and notions of technical and fundamentalist analysis.
Long term: also known as Buy & Hold, it includes five-year operations. They are used by investors looking to supplement their retirement in the future. It is important to know the fundamentalist analysis.
Costs and risks
In both the stock market and the Forex, the manual day trader must have enough time to negotiate. And, as he will perform several operations a day, this will result in significant costs with corrections and other fees. The incidence of income tax is also higher for day trading operations. Day trader pays 20% IR instead of 15% normal. On top of that, you still have to face the daily risk of not being able to buy or sell your assets.
Already in swing trading, operations are smaller and, as a result, the capital, costs and risks involved are also lower. Therefore, the movements of the graphs are easier to analyze because there is a longer time (but not much!) For that. Remember the importance of managing the risk well, apply the stops by hand, follow the strategy and keep a cool head. The same thing applies to position trading.
How to choose my trading types?
types of trading 4
Have you noticed how the operating period is the main difference between the types of trading? And also how each of the modalities requires specific skills of the trader? Therefore, to choose the one that best fits your profile, make a clear assessment of your lifestyle.
What is the time available to invest? How much risk do you want and can you run to achieve the desired results? It is only with these answers that you will be able to reach an affirmed definition. Remember that it is up to the investor (trader) to establish his own strategy and chart the way forward in his investments.
Before embarking on the financial market, it is very important to know the different types of transactions. Sea Day, Swing or Position Trade and even medium and long-term transactions (Buy & Hold). These terms may seem very complicated at first. But soon you will see that there is a fundamental difference between them: the time you are going to negotiate. understand:
Every investor has a plan for their investments. And it is precisely this plan that will help you define your strategy, as well as the time needed to operate in applications such as the stock market and the currency. In this way, it is essential that you prepare to work as precisely as possible. It's about taking calculated risks and knowing when to expect results.
Among the most common transactions (short-term transactions) are those of the currency. And these negotiations are classified in: Day Trade - they last less than 24 hours; Swing Trade - take two to five days and trade position - in the short term because they last a few weeks or even months.
All of these definitions and terms that you can know in today's article. Do it and take a step forward towards your financial independence!
Good reading!
What is the day trade
As we have seen, day trading is always closed the same day, but it can only last a few minutes or hours. This is the shortest of the types of trading. The purchase can be at the opening of the financial market and the sale at closing, or even with a difference of seconds: both are called day trade.
Since this is a fast-paced term, the trader needs a lot of knowledge and experience. In addition to speed, it is also common to operate with day trading to obtain small quantities. This is because the final sum can bring an interesting return. Then summarize and see some details:
The characteristics of the day trading: several short-term trading (less than 24 hours) at the same time, they need very liquid assets, require dedication, the profits are fast and the benefits of each operation can be small, but the result final very good. Knowledge in technical analysis and extensive experience on the part of the investor are essential.
Swing Trade
negotiation types 2
Swing trading is also one of the most common types of stock trading, but it is a longer term transaction. The merchant who uses the swing trade trades on average within two to five days. No more than that. The idea is to stay in position until the time set to achieve the goals.
In this context, the swing trader usually performs fewer transactions in parallel. Factor that does not eliminate the need for equal liquidity of assets as in day trading. Other prerequisites are mastery of technical analysis, patience, discipline, availability to accompany graphics and trends.
The characteristics of swing trading: less short-term trading (two to five days) at the same time, they need very liquid assets, require dedication, patience and discipline, perhaps greater consistency of results and knowledge is essential in technical analysis.
Trade position
At the point of negotiation, negotiations can last for a few weeks or even months. Since the objective is to increase profitability compared to other types of transactions, the investor keeps few open orders at the same time. Liquidity is important, but it's not essential like the day and the swing trade. Here, the term to use is larger.
The characteristics of the trade position: few transactions can be open at the same time (weekly), liquidity is not the most important factor, requires patience, discipline and emotional control, there may be more fundamentalist coherence See in this publication other alternatives to increase investment wealth.
Medium and long term
types of trading 3
Now, check the other modes of operation, different from the types of trading we saw above:
Medium term: longer term negotiations, one to five years. It is advisable to have some experience of the market and notions of technical and fundamentalist analysis.
Long term: also known as Buy & Hold, it includes five-year operations. They are used by investors looking to supplement their retirement in the future. It is important to know the fundamentalist analysis.
Costs and risks
In both the stock market and the Forex, the manual day trader must have enough time to negotiate. And, as he will perform several operations a day, this will result in significant costs with corrections and other fees. The incidence of income tax is also higher for day trading operations. Day trader pays 20% IR instead of 15% normal. On top of that, you still have to face the daily risk of not being able to buy or sell your assets.
Already in swing trading, operations are smaller and, as a result, the capital, costs and risks involved are also lower. Therefore, the movements of the graphs are easier to analyze because there is a longer time (but not much!) For that. Remember the importance of managing the risk well, apply the stops by hand, follow the strategy and keep a cool head. The same thing applies to position trading.
How to choose my trading types?
types of trading 4
Have you noticed how the operating period is the main difference between the types of trading? And also how each of the modalities requires specific skills of the trader? Therefore, to choose the one that best fits your profile, make a clear assessment of your lifestyle.
What is the time available to invest? How much risk do you want and can you run to achieve the desired results? It is only with these answers that you will be able to reach an affirmed definition. Remember that it is up to the investor (trader) to establish his own strategy and chart the way forward in his investments.
Top 10 Forex Forums (2017 Edition)
This is a new update of my old post. As I said, Forex forum is online discussion site where other people hold conversations about Forex market and trading in general in a form of posted messages. The most popular Forex forums are:
1. Forex Factory - (Alexa rank: 3362) - a leading online Forum with huge trader base and established reputation
2. MQL5 Forum - (Alexa rank: 5519) - official forum of Metatrader users
3. My FX Book Forum - (Alexa rank: 9274) - wellknown Forex site with forum
4. Babypips Forum - (Alexa rank: 16476) - one of the best Forex educational sites with forum
5. Forex Peace Army Forum - (Alexa rank: 41254) - another wellknown Forex site with forum
6. Arabic Trader - (Alexa rank: 48746) - forex forum in Arabic
7. EliteTrader - (Alexa rank: 56382) - forum without subsections
8. MT5 Forum - (Alexa rank: 61207) - a forum of Metatrader users
9. EarnForex - (Alexa rank: 77081) - another well populated Forex forum
10. Trade2Win Forums - (Alexa rank: 100553) - a forum dedicated to Forex traders
Happy trading !!!
1. Forex Factory - (Alexa rank: 3362) - a leading online Forum with huge trader base and established reputation
2. MQL5 Forum - (Alexa rank: 5519) - official forum of Metatrader users
3. My FX Book Forum - (Alexa rank: 9274) - wellknown Forex site with forum
4. Babypips Forum - (Alexa rank: 16476) - one of the best Forex educational sites with forum
5. Forex Peace Army Forum - (Alexa rank: 41254) - another wellknown Forex site with forum
6. Arabic Trader - (Alexa rank: 48746) - forex forum in Arabic
7. EliteTrader - (Alexa rank: 56382) - forum without subsections
8. MT5 Forum - (Alexa rank: 61207) - a forum of Metatrader users
9. EarnForex - (Alexa rank: 77081) - another well populated Forex forum
10. Trade2Win Forums - (Alexa rank: 100553) - a forum dedicated to Forex traders
Happy trading !!!
Top 50 Forex Twitter Accounts (2017 Edition)
Here is the list of my 50 favorite twitter accounts. This is a new update of my old post.
- @eFXnews - provides global FX strategies and analyses from leading investment banks worldwide
- @Investingcom - top financial web portal that offers news, technical analysis, real-time quotes, charts
- @Tarantula - forex senior analyst & educator at Admiral Markets
- @marketpulsecom - A global team of securities analysts & strategists provide 24/7 coverage of the largest financial markets, with a focus on forex, commodities & global indices.
- @DailyFX - providing forex trading news, currency forecasts, analysis,education, and strategy.
- @Fxflow - real time analysis of Forex market, market predictions of BKForex
- @FXStreetNews - 24/5 real-time forex news
- @TopForexNewsCom - latest forex news
- @ForexLive - news, updates, insights from Forex market
- @50Pips - independent professional Forex coach and mentor
- @FXTraderUpdates - the latest and hottest NEWS and TIPS
- @piptrain - forex trading using technical analysis
- @ForexTweets - your First Stop for Forex Trading News
- @tipstoforex - independent full time forex and futures trader
- @CVecchioFX - currency analyst at DailyFx
- @gregmikeFX - chief currency analyst at FXDD
- @newsinvesting - real time news from currency and stock markets
- @PipCzar - independent trader and currency strategist
- @IlyaSpivak - global macro strategist at DailyFX
- @JStanleyFX - strategist at DailyFX
- @Francesc_Forex - president and founder at FXStreet
- @JoelKruger - currency strategist and trader
- @forexcrunch - Forex news opinions, forecasts
- @chrislorifx - foreign exchange fund manager
- @craig_forex - senior market analyst at marketpulsecom and OANDA
- @JMahony_IG - market analyst providing fundamental & technical analysis
- @FX_Button - currency analyst and editor at ForexLive
- @kathylienfx - forex analyst
- @FXDIRK - forex trades provider
- @EdMatts - senior technical strategist at Capital Management
- @caseystubbs - forex trader
- @GregaHorvatFX - Forex, Futures and Stock trader
- @MWellerFX - senior technical analyst at Forex.com
- @2ndSkiesForex - forex trader
- @ValBednarik - forex analyst
- @AidanFX - full time forex trader, technical analyst and signal provider
- @PLTfx - Forex trading advisory and fund management
- @ElliottForecast - Elliot wave forecasts with swing trading ideas
- @PhillipKonchar - forex analyst
- @Darlington_Dick - forex news and opinions
- @FXstreetReports - 24/5 real-time forex research
- @thepoundlive - forex portal
- @hantecfx - forex broker
- @Forextellcom - delivers trade ideas from pro traders and insights from the institutional side of FX
- @aspentrading10 - forex and stock advisory
- @MCarrilloFX - forex analyst
- @MilanCutkovic - forex trader
- @ItsForexTime - official twitter page of FXTMt
- @TradersLog - portal for active traders and investors
- @saxobank - international investment bank
CSAD One – Signal
The Trader FX has started a new mql4 signal – CSAD one. The signal will be provided through www.mql5.comand it will be available for trade copying on all Meta trader 4 platforms for a monthly subscription of $20 monthly.
CSAD one signal is specially designed for the users with small amount accounts. Our starting signal account balance is $200. We will use a combination of few proven trade strategies on Forex trading instruments.
The signal is available here.
The signal is available here.
Long USDCAD
We have entered long-term trade at 1.3144 with stop loss at 1.25 and take profit at 1.40.
FED tightening is not fully priced in the market. Probable US border tax adjustment would boost USD, but also will have a negative impact on Canadian trade. Bank of Canada is will not tighten in firs half of 2017
FED tightening is not fully priced in the market. Probable US border tax adjustment would boost USD, but also will have a negative impact on Canadian trade. Bank of Canada is will not tighten in firs half of 2017
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