AUD CAD Correlation How AUD/CAD Correlated to Currencies ...

Forex Trading Strategies Reddit: What you need to know to start Forex trading.

Forex Trading Strategies Reddit: What you need to know to start Forex trading.

FOREX Strategies

What are FOREX Strategies?
https://preview.redd.it/ihmphstzguv51.jpg?width=960&format=pjpg&auto=webp&s=81f6b73c367d8695605514f8d32aaf3e2aeabc6e
You may have noticed that most of people confuse the terminology and refer to FOREX Strategies in the wrong way. There are methodologies, systems, strategies, and techniques. The most effective methodology is Price Language (Trend Tracking). Combined with a correct reading of mass psychology presented by the charts.
We know that in the Stock Markets there are thousands of strategies. FOREX, like the rest of the markets, presents you with the opportunity to apply similar strategies to win consistently. Taking advantage of repetitive psychological patterns.
First, the Price Language methodology has created great fortunes in FOREX, and the next fortune may be yours. But this methodology must be implemented within a framework of advanced concepts of Markets. Without forgetting the basics. And working hard day by day.
Second, a strategy is a set of parameters and techniques that together give you the advantage to act in any situation. Thus for example in war, generals have attack strategies and counterattack strategies.
FOREX strategies alike are entry strategies and exit strategies. All beginners should know these FOREX strategies for beginners. That way you will get a general idea of ​​the game and understand that trading is a war against the Market and its Specialists. Only applying FOREX strategies revealed by the same Specialists and using their own techniques,
... you can survive in this war.
Do not fall into the trap of the many "systems" and "methods" that are offered on the internet about operating in the FOREX Market. They just don't work in the long run. They are strategies based on indicators for the most part. Using rigid parameters. That if they can work and give profitability during a certain period of time, they will always reach a breaking point when the market changes its dynamics.
Instead, take advantage of your precious time and learn the Language of Price or Price Action.
The Language methodology will allow you to adapt to each new phase of the Market. If you combine this knowledge with the appropriate psychological concepts, you can live comfortably from speculation in FOREX.

Forex Trading Strategies Reddit - Basic FOREX Strategies

You have two basic FOREX strategies, one entry, and one exit. Both follow a general strategy that helps you capitalize on the collective behaviors of the Market. That is, of the total of participating speculators.
This behavior causes the formation of cycles that repeat over and over again. Driven by the basic emotions (uncertainty, greed, and panic) of the speculators involved that can be taken advantage of with the aforementioned FOREX strategies. Specialists identify these emotions in the order flow and capitalize on these events every hour, every day, and every month.
Basic FOREX Strategies - The Price Cycle
These repetitive cycles consist of 4 phases:
  1. Accumulation
  2. Upward trend
  3. Distribution
  4. Downward trend
https://preview.redd.it/6dvk2w0pduv51.png?width=300&format=png&auto=webp&s=a3ab65ca4eab6d20174b3327b862d8b59dcc13b7
The two trends can be easily identified by their notorious breakdown. And the two areas of uncertainty (accumulation and distribution), due to their notorious range trajectories.
This general behavior determines the core of our FOREX strategies.
You buy when the price of a pair has broken and has come out of one of its congestion formations (accumulation or distribution). You implement one of the Forex strategies, in this case, the entry one.
The multi-time technique will help you find the point of least risk when entering your initial buy or sell order. In the same way and using the same strategy but this time to close your position, the multiple timing technique will also show you how to close your operation obtaining the highest possible profit.
The most consistent way to extract profits in the market is by trading the start of trends within a cycle . Once confirmed by their respective breaks from the areas of uncertainty. This is the mother of all FOREX strategies . And in a market that operates 24 hours, we have more frequent cycles and therefore more opportunities.

Forex Trading Strategies Reddit - Advanced Forex Strategies

There are many advanced FOREX strategies that are generally used by professional speculators working for large financial firms.
Among these firms are banks, Investment Fund managers and Hedge Fund managers. The latter is an investment modality similar to Investment Funds, with the difference that Hedge Funds use more complex investment strategies. Its operations are more oriented to aggressive speculations in the short and medium-term.
Among the most common strategies is hedging (hedging), carry trade, automated systems based on quantum mathematics. And a large number of combinations between the different option strategies.

The Carry Trade

The central idea of ​​Carry Trade is to buy a pair in which the base currency has a considerably higher interest rate than the quoted currency. To earn the difference in rates regardless of whether the price of the pair rises or falls.
Suppose we buy a $ 100,000 lot of AUDJPY, which according to the rates on the chart would turn out to be the ideal instrument in this example to use the Forex carry trade strategy.
As our capital is in US dollars we have to assume for our example, the following quotes necessary to perform the place calculations:
AUD / JPY = 80.00 USD / JPY = 85.00
What happens internally in your broker is this.
  1. By placing as collateral $ 1,000 of your $ 50,000 of capital (assumed for this example), deposited in your account, you have access to $ 100,000 virtual (this is what is known as leverage); that is, you put in $ 1,000 and your broker lends you 99,000.
  2. With those $ 100,000 virtual dollars, your broker borrows on your behalf ¥ 8,500,000 Japanese yen (85 × 100,000) at 0.1% annual interest from a Japanese bank.
  3. With those ¥ 8,500,000 Japanese yen, your broker buys A $ 106,250 Australian dollars (8,500,000 / 80) and deposits it in an Australian bank where it receives 4.5% annual interest on your behalf.
  4. One year later (and regardless of the profit or loss generated by the pair's movement), your profit will be the difference between the AUD rate and the JPY rate, that is:
Profit = (AUD rate) - (JPY rate) - (costs of the 2 currency exchanges) Profit = (4.5%) - (0.1%) - (0.1% to 1%)
The great advantage of carry trade FOREX strategies is that this percentage profit is applied to the $ 100,000 of the standard lot; the broker transfers all of the profit to you, even if you only contributed $ 1,000. On the other hand, if you carry out the inverse of this operation, this benefit of the Forex carry trade becomes a cost (swap), and you assume it completely.
Remember that FOREX carry trade strategies are recommended for pairs with considerable interest rate differences, such as the one we have just seen in our example.
These FOREX strategies should also not be used in isolation. The idea is that through technical analysis you identify when would be the ideal time to enter the market using your carry trade Forex strategy and multiply your profits considerably.

What FOREX Strategies Do Hedge Funds Use?

The FOREX strategies used by large fund managers do not constitute an advantage in terms of percentage results for them, nor do they constitute a competitive disadvantage for you.
The vast majority of them fail because of their big egos. In fact, there was a firm made up of great financial geniuses, including 2 winners of the Nobel Prize in Economics, who developed a strategy based on quantum mathematical calculations.
With an initial base capital of about 3 billion dollars, and after 3 successful years obtaining annual returns of over 40%, the firm Long-Term Capital Management, begins its fourth year with losses. To counteract these losses the geniuses decide to multiply the initial capital several times, while the losses continued.
The year closed with the bankruptcy of the fund, and with a total accumulated loss of 1 trillion dollars, due to the great leverage used. And all for not admitting that the FOREX Strategies of Long Term Capital Management were not in line with the dynamics of the Market.
There are an overwhelming number of opportunities in the stock markets to make money interpreting the Language of Price.
You don't need to use complex "advanced" strategies that have been created to handle hundreds or billions of dollars.
The reasons for using these FOREX strategies are very different from what a "retail trader" pursues with his small speculation business.
As you can see, you should not worry about wanting to integrate any of these advanced strategies into your arsenal. They are only beneficial for managing hundreds or billions of dollars, where the return parameters are very different when you handle small amounts of capital.
Do not worry about collecting hundreds of free FOREX strategies that circulate on the internet, that great accumulation of mediocre information will only serve to confuse you and waste your valuable time.
Spend that time learning Price Action,
… And you will always be one step behind the Specialists, identifying each new Market condition, and anticipating the vast majority of reversals of all prices.
Ironically, the most successful fund managers indicate that their most profitable trades are those based on the basic trend-following strategies of the Price Language. The same ones that you will learn in this Free Course.
Dedicate yourself to perfecting them and believe me you won't need anything else. As long as you have good risk management, taking into consideration the following points ...

Styles of Investments in FOREX

The Investment FOREX long term is not recommended for small investors like you and me. If we take into account the term investing literally as large investors do who buy a financial product today to sell it years later.
We both have a better niche in the short and medium-term.
You may have noticed that the big multi-year trends in the Forex Market do exist. But minor swings within a big trend are usually very wide.
These minor movements allow us to easily double and triple the annual return of the big general trend, motivating most traders to speculate in the short and medium-term.
These minor oscillations or trends that occur within the large multi-year trends owe their occurrence mainly to two reasons.
First, the FOREX Market presents 3 sessions a day each in different cities of the world with different time zones (Asia, Europe, and America). This causes more frequent trend changes than in the rest of the stock markets.
Second, the purpose for which it was created also plays a role. The modern Foreign Exchange Market, since its inception in 1972, was conceived by the global financial system as a tool for speculation. To obtain benefits in the short and medium-term (from several days to 1 year).
These two points are basically the reasons why we observe the immense speed with which the FOREX market changes trends.
For example, for those who live in America, in the early morning (Europe) the EURUSD pair may be on the rise, in the morning or afternoon (America) it may be down, and then finally at night (Asia) it may return to the rise.

Define your Own Style for your FOREX Investments

One of the first decisions you will have to make is to choose your style as a trader or investor.
There are 4 types of well-defined styles.
Most professional traders tend to have multiple styles, although they always identify with one primary style for their FOREX investments. Study the characteristics of the 4 main styles to make your investments in FOREX :
1. Long Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per month to their investments in Forex. The period of an open position ranges from 1 year to 5 years.
2. Medium Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per week to their investments in Forex. The period of an open position ranges from 1 month to 1 year.
3. Short Term: recommended for anyone who is going to enter the market for the first time, or who already has a certain time operating in the long and medium-term, showing constant profits, and who can dedicate a minimum of one hour per day to your investments in FOREX. The period of an open position ranges from 1 day to 1 month.
4. Intraday : recommended only for people with a fairly solid earnings record in the short term, and with a capital greater than $ 50,000. As we have noted, this option constitutes a full-time job.
People who start investing in FOREX , should start executing short-term (weeks) and medium-term (months) transactions only, and not pay attention to intraday oscillations (day trading).
If you are interested in being an intraday speculator, I recommend that you first exhaust at least a year doing operations in the short and medium-term to assimilate the correct strategies and to develop the necessary mentality to carry out this work.
The second option would be to participate in some kind of intensive training.
I remind you that self-educating is almost impossible in speculation. You are likely to accumulate a lot of knowledge by reading books and attending courses. But you will probably never learn to make money with all the incomplete "systems" circulating on the internet.

Mistakes to Avoid When Looking for Your Style

Many people who are new to FOREX investments make the mistake of combining these styles, which is a key to failure.
I recommend that if you are not getting the results you expected by adopting one of these styles, do not try to change it. The problem sure is not in the style, but in your strategies or in your psychology.
A successful investor is able to make a profit in any longer trading time than he is used to. I explain. If you are already a profitable operator in the short term, it is very likely that you will also be profitable in the medium and long term,
… As long as you can interpret the Language of Price or Price Action.
In the opposite case, the same would not happen. If you were a medium-term trader, you would need time to adjust to the intraday. The reality is that long, medium and short term traders have very similar personalities. The intraday trader is completely different.

The Myth of the Intraday in Investments in FOREX

If you are already successful in the short, medium and long term, you will notice that the sacrifice and the hours necessary in front of the computer to operate intraday is much greater. The intraday style will be useful to increase your account if it is less than USD $ 100,000 in a very short time in exchange for 8 to 12 hours a day of hard work but ...
You must first develop the necessary skills to operate the intraday.
The ideal is to combine all the styles to get more out of the Market and carry out more effective transactions and have a diversification in your investments in FOREX.
There are intraday traders that are very successful, but the reality is that there are very few in the world that make a profit year after year. If you want to become an intraday, you just have to prepare yourself properly through intensive training.
Otherwise, I recommend that you don't even think about educating yourself to adopt the intraday style. It is not necessary to go against a probability of failure greater than 99%. Unless
... your ego is greater than your common sense.
The main reason why this style of investments in FOREX is not recommended for the vast majority of us "retail investors" (the official term "retail traders"), is the high operational cost.
The real commissions in this market range between $ 2.0 and $ 2.50 for each lot of 100,000 virtual units. This means that a complete operation (opening and closing) is approximately $ 5.00, for each standard lot traded ($ 100,000 virtual).
Another fundamental reason is the advent of robotic traders (HFT = High-Frequency Trading), which tend to manipulate the market in the shorter intraday swings. Please do not confuse HFTs with automated systems that we find daily on the internet, and that can be purchased for a few hundred dollars and often for free on FOREX forums / groups.
These HFTs to which I refer, they are effective. They cost millions of dollars and have been developed by the large Wall Street financial firms to manage their investments in FOREX.
The reality of the intraday trader is that you execute orders for large lots at the same time, to profit from the smallest movements in the market. It is an activity based on reflexes. The slightest oversight or distraction can turn into a catastrophe for your FOREX investments.
I recommend that you start investing in FOREX using slow time periods such as H4 or Daily. For some reason, all Goldman Sachs intraday FOREX investments are made with algorithms.

Finally…

To choose your style as a trader and manage your investments in FOREX, first determine what your degree of experience is, analyze the points mentioned below and the rest you will discover when you execute your first operations.
The points that will affect your decision are:
  • Capital
  • Time available each day
  • Level of Experience
  • Personality
Discovering your style is a search process. For some it will be a long way to find the right time frame that matches their personality. Don't be put off by the falls. After all, those who continue the path despite the falls are the ones who reach the destination.
And I hope you are one of those who get up over and over again. The next lesson will boost your confidence when you discover the main reason that moves currencies ...

Fundamental Analysis in Forex Trading Reddit

The fundamental analysis in Forex is used mostly by long-term investors. Players as we saw in the styles of operators, start a negotiation today, to close it years later.
I always emphasize the importance that the mass media give to this type of analysis to distract the great mass of participants.
It is all part of a great mass psychological manipulation. For centuries the ignorance of the masses has been organized before the great movements begin.
The important news are the macroeconomic reports published by the Central Banks and other government agencies destined for this work. All reports are made up. 99% of them are corrected months later.
These events are tools to justify fundamental analysis and price cleaning movements. Any silly headline does the job. With this, it is possible to absorb most of the existing liquidity, before the new trend phase is projected.

Reaction!

Except in rare situations, the result of an economic report of the fundamental analysis is generally already assimilated in the graph. In most cases, there are financial institutions that already have access to this information and are organizing and carrying out their operations in advance.
The phrase buy the rumor and sell the news is a very old adage on Wall Street. And its meaning contains what we have just explained. For the investor who can interpret the Language of Price, fundamental analysis is of little importance. Well, in general, their disclosure does not indicate that you have to take any action in your open trades , as long as your entry strategy provides you with a good support cushion.
This reality of fundamental analysis causes a lot of confusion for investors who lack in-depth knowledge of the forex market.

Macroeconomic Data

The data published in these events is irrelevant. Both for speculators and for the people in general. They are false. They lack reliability.
The price can go up or down with the same result of the data. The main ones are:
- Interest Rates - GDP (gross domestic product) - CPI (inflation) - ISM (manufacturing index) - NFP (payroll) - Double Deficits (deficit = fiscal + balance of payments)
If you are initiated, I recommend you avoid operating near these events. It is only a matter of having the time pending. Use the economic calendar for Fundamental Analysis of Forex Factory.
There is a probabilistic advantage in operating these fundamental analysis events. But it takes preparation, experience, and practice. They represent a way of diversifying in the general operation of a speculator.

The Uncertainty of Fundamental Analysis

On many occasions after the disclosure of an economic report, the price movement of the currency pair that is going to be affected tends to move in the opposite direction to the logic of the report.
I show you an example of a fundamental analysis report. Imagine that the EUR / USD pair is trading at 1.2500, and the FED (US Federal Reserve) issues a statement announcing that it has just raised inter-bank interest rates from 0.25 points to 0.75 points. Very positive news for the US dollar that logically implies an appreciation of the currency and consequently an instantaneous collapse of the EUR / USD pair (up the dollar and down the euro)
However, minutes after the release of said fundamental analysis report, the pair after effectively collapsing to 1.2400, returns and returns to its levels prior to the report (1.2500). This situation is very common , but it is not so easy to identify it when it is occurring, but after the damage is done.
Traps like these devour the accounts of beginners who approach the market with little experience, with weak strategies, and especially with very little experience.
That is why I reiterate that you forget the fundamental analysis for now. Just keep in mind when operating, that there is no publication scheduled nearby. Just check the economic calendar for the day and forget about the numbers. Let the economists mess around with the data.

FOREX Market Correlation

The Forex market correlation exists between pairs with similar "base" currencies and not always under the same circumstances. The correlation in the Forex market that is most followed and that has the greatest impact on fundamental analysis is that of the US dollar (USD).
The USD is the most traded monetary unit with a volume greater than 80% with respect to the rest of the currencies. This fact determines why their correlation is the most important, the most followed, and perhaps the only one worth following in the fundamental macro analysis.
The 7 major pairs are usually in sync . These 7 pairs all include the USD and present a fundamental analysis correlation almost 75% of the time. Influencing the rest of the currency pairs.

Advantages of the FOREX Market Correlation

In the fundamental analysis the most basic FOREX correlation is the following. When the USD appreciates, the USD / CAD, USD / CHF, and USD / JPY pairs tend to go up in price. This indicates that the Canadian dollar (CAD), the Swiss franc (CHF), and the Japanese yen (JPY) are losing value against the USD.
We must bear in mind that this correlation does not occur 100% of the time. In fact, the JPY generally tends to move in the opposite direction , since in recent decades this currency has been used as a source of financing to invest in other financial instruments.
On the other side is the FOREX market correlation that generates a movement almost in unison in the other 4 major pairs EUR / USD, GBP / USD, AUD / USD, and NZD / USD. These tend to fall in price, homologous the appreciation of the USD. But not always.
In this case the fundamental analysis correlation works most of the time, between 65 and 85% of the time. Small differences are noted in the extent that each of these pairs experiences.
There is also a correlation in the secondary FOREX market, where the pairs of all currencies that do not include the USD participate, but I recommend you not to waste time on them for now. There are more important things about the Language of Price to know first.

FOREX Commodity Correlation

In this part I will explain to you in a basic way the Correlation Commodities - FOREX of the fundamental analysis.
There are three currencies that have a direct correlation with commodities. They are usually called: "COMDOLLS" which is short for "Commodities Dollars" (Commodities Dollars), since all three obey the dollar denomination. These are:
- The New Zealand Dollar (NZD) - The Australian Dollar (AUD) - The Canadian Dollar (CAD)
These three currencies make up the group of the 8 largest together with the euro, the pound, the yen, the franc and the US dollar. Together, they merge to produce the major pairs traded in the FOREX Foreign Exchange Market.
The FOREX Commodity Correlation has an affinity in most cases greater than 75%. And each of them has its different raw material of correlation. You will notice that the NZD and the AUD are two currencies that act practically in unison. Both present minimal discrepancies in their fluctuations in the short, medium and long term.
This is mainly because their economies are very similar and their economic and fiscal policies are too. Their main production items also show great similarities, despite the fact that the Australian economy is much larger than the New Zealand economy.
The raw materials that follow the movement of the AUD are mainly gold and copper. If you put the history of these three quotes during the last decade of the year 2,000 together on the same chart, you will notice a very similar upward movement between the three quotes. Pure correlation of fundamental analysis.
This strong correlation with commodities in the metals area for the AUD has provided Australia with an economic advantage enviable over the other major powers that have seen their currencies devalue sharply against the AUD. At the same time, they experience a constant decrease in the purchasing power of their citizens.
The NZD maintains a correlation with raw materials related to agriculture and livestock, mainly including milk and its derivatives. It is one of the countries that dominates the world export of these economic items, and also has important exports of metals , although in smaller quantities than Australia.
Finally, you have a correlation with raw materials in the energy area. For historical reasons the CAD, which is not the largest oil producer in the world, but an important supplier to the largest consumer that is the US, has seen its currency oscillate in line with oil prices.
To make long-term investments in the Foreign Exchange Market, it is necessary to take into consideration at least one Commodity Correlation - FOREX in your fundamental analysis.

Forex Technical Analysis Reddit

The technical analysis is the methodology that interprets the movements of the price. Specialists look for liquidity to fund their business. The repetition of the strategies used by the specialists in their work generate repetitive patterns.
If you were an analyst, you would develop the visual ability to identify such patterns on a graph. If you were a programmer you would quantify them mathematically using complex formulas.
And if you could learn to interpret the Language of Price, you would have the ability to anticipate 90% of all movements that occur on a chart. And in this business, anticipating is what will make you money.
Market prices are reflected and framed on a horizontal time axis and a vertical price axis. Prices go up or down according to the aggressiveness of the participating operators. In an efficient or balanced market these oscillations should be imperceptible.
But in reality this is not the case, since the Market works thanks to the digital printing of hundreds of billions of units of paper money systematically distributed by the Central Banks through the banking system. These resources serve as a tool to manipulate 100% of the movements that occur in the FOREX Market.
Are you looking for Technical Indicators? All technical indicators were created from the 70's. How do you think that for more than 200 years the speculators of the past accumulated great wealth?
With the Language of Price. The best timing is given by the price itself. Indicator-generated entry signals usually occur at the wrong time.
The basis of technical analysis is human psychology. Unfortunately, human beings are not perfect and are loaded with emotions that dominate their behavior in similar situations, creating repetitive and highly predictable behavior when it occurs in masses.
The study of technical analysis through indicators and subjective training, originates and shapes the collective thinking on which all the traps that specialists execute every day to maintain their business are designed. If the majority won, the Market would cease to exist.
Although you already know that the patterns are not generated by the masses , but the repetitive behavior of the Specialists in the face of the action response of the masses. It is very easy for speculaists, because they can see everyone's orders in their books.
And they also exert a great influence on the decisions of the masses through the mass media. It is what I call the war between the Egg and the Stone , if you hit me you win and if I hit you also you win.

The Deception of Modern Technical Analysis

Through the centuries thousands of people have been able to extract great benefits from the financial markets by applying the basic strategies of technical analysis and the psychology of the Price Language.
More than 200 years ago when the markets began to operate officially, fundamental analysis predominated, which was only used by large financial institutions. As this analysis tool began to become popular, these institutions began to apply the strategies of technical analysis.
In recent decades and with the massification of internet technology, technical analysis has begun to be handled by anyone who has a computer with internet access. The same financial institutions, which have been present for more than a century and as a result of this overcrowding , establish a strategy to confuse and misinform about the true strategies of technical analysis.
This has been accomplished in the following manner. Currently there are hundreds, if not thousands of technical indicators that have been developed by so-called "gurus" of technical analysis and that sell their magic indicators packed in a "system" or "method" that usually cost thousands of dollars, or simply with the publication of a book with which they generate large profits. Double benefit.
The aim is to confuse the initiates in speculation and create the collective mentality that will originate the same behaviors over and over again. About 95% of these new entrants completely lose all the capital they invest in their early stages as investors.
Leaving them with a negative experience and creating the idea and the image that financial markets are an exclusive area for geniuses with high academic levels and that only they can produce returns in the markets year after year.
The initiate, having lost all his original capital, turns to these “gurus” for help and teachings. You spend more capital on the products they offer you and the cycle repeats itself . Obviously, the vast majority do not relapse and completely forget to re-engage in the stock markets.
I hope you have not been a victim of this drama.
Now I will show you the simplicity of a FOREX technical analysis , without the need to resort to any indicator as a tool to determine an effective entry or exit strategy when planning your operations.

The Price Cycle

Previously you studied in the FOREX strategies lesson, that the typical price cycle when it is reflected in a graph, presents four very specific phases and very easy to identify if you perform a technical analysis with common sense . These are:
  • Accumulation
  • Bullish trend
  • Distribution
  • Bearish trend
Remember also that the most effective way to constantly extract profits in the markets is by taking advantage of phases 2 and 4 (the trends). Combined with a correct reading of the collective behavior of the masses of speculators interpreting the Language of Price.
You will be surprised by the simplicity with which thousands of people around the world and over the centuries have accumulated large sums of money by drawing a few simple lines and applying responsible risk management with their capital.

How to Identify Trends?

Being able to determine the trend phases within the price cycle is the essence of technical analysis since it is these two phases that provide you with the probabilistic advantage you need to operate in the markets and obtain constant returns.
In the most plain and simple language, in the world of technical analysis, there are only two types of formations: trends and ranges.
The trends, in turn, can be bullish if they go up, or bearish if they go down. The ranges, on the other hand, can be accumulation if they are at the beginning of the cycle, or distribution if they are in the high part of the cycle. As I had indicated in the topic of FOREX strategies when describing the price cycle.
This sounds more like a play on words, but I will show you the practical definition to simplify your life and then you will apply these definitions on the graph so that everything makes more sense to you.
  • Bullish trend: a succession of major highs and major lows
  • Bearish trend: a succession of minor highs and minor lows
  • Floor Range: equal highs and varied lows
  • Ceiling Range: equal minimums and varied maximums
https://preview.redd.it/vvmsshf0guv51.png?width=600&format=png&auto=webp&s=c321679a7dcc03f7184778be86379ef442fddf91
Some key points from the graph:
  • The start of this big uptrend was detected when the last high (thick green line) of the previous downtrend was broken to the upside, ending the succession of lower highs, while exiting the lateral floor formation.
  • The succession of major lows in the uptrend (thin blue lines)
  • The succession of major highs in the uptrend (thin green lines)
  • The end of the uptrend was detected when the last low (thick blue line) of the uptrend was broken to the downside, ending the succession of higher lows, while exiting the lateral ceiling formation.
A tool that will help you sharpen your technical eye and identify trends on the chart is the Currency Scanner. This application is very effective and will provide you with a much-needed boost in your operations to identify reliable trends. At first, we are not sure how reliable a trend is. You will receive great help to find opportunities with the Currency Scanner .

The Common Sense, The Less Common of Senses

The central idea of ​​technical analysis consists in determining the price situation of a market, that is, in which phase of the pattern of its cycle it is currently conjugated with the collective thinking of the masses and the possible traps that the market would have prepared to remove. the capital at stake by the public.
To carry out a precise technical analysis, you will use the support and resistance lines, which can be static (horizontal) or dynamic (projecting an angle with respect to the horizontal axis).
Your common sense prevails here.
If you show a 10-year-old a chart, they will be able to tell you if the price is going up or down. You will most likely have no idea how to draw the lines, but you will be able to establish the general trend. Simply using your common sense.
By introducing indicators and other gadgets , the simplicity and effectiveness of the technical analysis created by your common sense evaporates.
The following graph conceptually shows you all the possible situations in which you could draw these lines to carry out your technical analysis of the place. You can clearly observe a downtrend delimited by its dynamic trend line and an uptrend on the right side with its respective dynamic delimitation.
https://preview.redd.it/5iehg0r6guv51.png?width=500&format=png&auto=webp&s=84c265a5d35da7ea970792c4bf40fe20b33bd8bd

Forex Charts Analysis

I want to remind you that the formations or patterns that develop on the charts (triangles, wedges, pennants, boxes, etc.) only work to execute trades that have initially been confirmed by the static support and resistance lines and to read the collective thinking of the masses.
Chart formations work, but you must know the Language of Price to determine when the Specialists will exploit a chartist figure, or when they will allow it to run. In fact, you will learn with the Language that you can operate a chart figure in any direction.
Much of the "mentalization" that the masses receive is to believe that the figures are made to be respected. Which is an inefficient way of working. Simply because you could wait days or months for a perfect chart figure to occur in order to perform a reliable trade. When in fact there are dozens every day.

Japanese Candles

Of all the tools you have to carry out technical analysis, perhaps the best known and most popular is the Japanese technique of candles (candlesticks).
Candles are mainly used to identify reversal points on the chart without resorting to confirmation of horizontal trend lines and only using a previous bar or candle breaks.
Its correct use is subject to a multi-time analysis (multiple temporalities) and a general evaluation of the context proposed by the market in general at the time of each scenario.
Later I will show you all the important details to take into account so that you use Japanese candles in a simple and very effective way.
Do not forget ... Trading in your beginnings based on formations (chartism) and candlestick patterns conjugated with hundreds of tools and technical indicators, constitutes the perfect path to your failure. Before using any strategy or technique I recommend you focus on learning the Price Language, which includes 3 basic things:
  • The Price: structure and dynamics
  • Market sentiment: relative strength, external shocks, etc.
  • Psychology: flexible mindset and risk acceptance
After you acquire this solid foundation, I guarantee that you will be able to trade any trading system that exists, any strategy, technique or chart figure in a profitable and consistent manner.
Specialists make money every day at the expense of the collective behavior caused by the use of these strategies and techniques. With which you will only manage to lose your capital and your time by putting the cart in front of the horse.
People who do the opposite, at best become,
... Philosophers of Speculation, or indocile Robot Assistants or Expert Advisors.
To make money in any market condition, range or trend, you must use the technical analysis based on the Price Language and combine it with a correct psychological reading of the price. This knowledge can only be acquired through proper education and lots of supervised practice. Like any other career in life.
I hope you've found this guide helpful!
submitted by kayakero to makemoneyforexreddit [link] [comments]

Day #2 of my Forex Journey

Real quick before I get into my next steps of my FX Journey, id like to say thank you to all the people who commented on my last post! All of the tips I got were really eye-opening and introduced me to different parts of FX trading that I didn't even know existed. So thank you so much, and I hope to get more interesting feedback from you guys in the future! Also Im going to probably change my writing frequency from daily to biweekly. I think writing about every little trade is not going to be as beneficial to me as writing about my overall progress at certain points throughout the week.
I started this trading day out by learning up on order flow. A whole bunch of you guys suggested really interesting youtubers to watch, and I started with Mr. pip's series on order flow. After I finished up watching a few of his videos, I started to tweak my trading plan so that I could get in some chart time. I changed currency pair from EUUSD to the AUD/USD, the time frame from the 4 hour to the 1 hour, and my indicators from RSI, Stochastic, 2 SMAs and ADX to ATR, RSI, and Ichimoku Kinko Hyo. I also added a little fundamental analysis in my trading plan because I think that I am being far too reliant on my indicators. I planned to check the economic calendar and determine the general trend of the currency pairs that are strongly correlated to the AUD/USD before I began my chart analysis. In addition to all of my analysis, I tried to practice using the techniques I learned in Mr. Pip's videos and analyze the order flow of the chart. Even if my analysis of order flow is wrong, as long as I am getting practice I am learning.
Eventhough I planned to use today to back-test indicators and find a solid new plan, I did not have enough time. I ended up getting on my demo account really late in the day, and started to force myself to enter a trade. Destructive habits like this could lead into some massive issues when I eventually get into live trading. To combat this harmful attitude specifically, I will restrict myself to trading on certain parts of the day (for example session overlaps, news releases, and earlier in the day). Despite this mistake I still continued with my trading strategy. I calculated all the currency correlations for AUS/USD using the past weeks economic data, and set my indicators in place. After checking the overall trend of the most strongly correlated pairs (Positive: EUUSD, GPB/USD, Negative: USD/CAD, USD/JPY) I started to analyze the order flow. All the correlated currencies, except for EUUSD, indicated that the AUD/USD would fall, while my order flow analysis indicated the opposite. Seeing as though I am extremely new to order flow, I dismissed this analysis, and ended up forcing a trade on the AUD/USD going short when my indicators seemed to line up correctly. I learned from last time that I should not alter or close my trade purely based on emotion, and to just wait till the market hits my stop loss or take profit. I included a trailing stop loss of 60 pips this time, but I have no evidence to base that number range on. The trade is currently open and I am down about 30 pips.
Although I am not labeling this trade as a loser yet, I can definitely see a lot of holes in my trading strategy. The most obvious mistake in my eyes right now is my use of indicators. Currently all my trades are purely based on what my indicators say, and since I do not have any back-tested data to support the credibility of my indicators, it feels a lot like strategic gambling. Another issue is that I feel far too reliant on indicators alone. I think that if I can find ways to include various types of analysis efficiently and evenly in my trading plan I will become a much more skillful and well-rounded trader. In order to combat these two issues I will begin forming various types of trading strategies this weekend and back-test them all extensively. I also plan on researching more on price action, order flow, and Naked Forex.
Once again any and all feedback is welcome. I am just beginning Forex, but it had been a huge passion of mine and I don't plan on stopping anytime soon.
submitted by Aman-1127 to Forex [link] [comments]

H1 Backtest of ParallaxFX's BBStoch system

Disclaimer: None of this is financial advice. I have no idea what I'm doing. Please do your own research or you will certainly lose money. I'm not a statistician, data scientist, well-seasoned trader, or anything else that would qualify me to make statements such as the below with any weight behind them. Take them for the incoherent ramblings that they are.
TL;DR at the bottom for those not interested in the details.
This is a bit of a novel, sorry about that. It was mostly for getting my own thoughts organized, but if even one person reads the whole thing I will feel incredibly accomplished.

Background

For those of you not familiar, please see the various threads on this trading system here. I can't take credit for this system, all glory goes to ParallaxFX!
I wanted to see how effective this system was at H1 for a couple of reasons: 1) My current broker is TD Ameritrade - their Forex minimum is a mini lot, and I don't feel comfortable enough yet with the risk to trade mini lots on the higher timeframes(i.e. wider pip swings) that ParallaxFX's system uses, so I wanted to see if I could scale it down. 2) I'm fairly impatient, so I don't like to wait days and days with my capital tied up just to see if a trade is going to win or lose.
This does mean it requires more active attention since you are checking for setups once an hour instead of once a day or every 4-6 hours, but the upside is that you trade more often this way so you end up winning or losing faster and moving onto the next trade. Spread does eat more of the trade this way, but I'll cover this in my data below - it ends up not being a problem.
I looked at data from 6/11 to 7/3 on all pairs with a reasonable spread(pairs listed at bottom above the TL;DR). So this represents about 3-4 weeks' worth of trading. I used mark(mid) price charts. Spreadsheet link is below for anyone that's interested.

System Details

I'm pretty much using ParallaxFX's system textbook, but since there are a few options in his writeups, I'll include all the discretionary points here:

And now for the fun. Results!

As you can see, a higher target ended up with higher profit despite a much lower winrate. This is partially just how things work out with profit targets in general, but there's an additional point to consider in our case: the spread. Since we are trading on a lower timeframe, there is less overall price movement and thus the spread takes up a much larger percentage of the trade than it would if you were trading H4, Daily or Weekly charts. You can see exactly how much it accounts for each trade in my spreadsheet if you're interested. TDA does not have the best spreads, so you could probably improve these results with another broker.
EDIT: I grabbed typical spreads from other brokers, and turns out while TDA is pretty competitive on majors, their minors/crosses are awful! IG beats them by 20-40% and Oanda beats them 30-60%! Using IG spreads for calculations increased profits considerably (another 5% on top) and Oanda spreads increased profits massively (another 15%!). Definitely going to be considering another broker than TDA for this strategy. Plus that'll allow me to trade micro-lots, so I can be more granular(and thus accurate) with my position sizing and compounding.

A Note on Spread

As you can see in the data, there were scenarios where the spread was 80% of the overall size of the trade(the size of the confirmation candle that you draw your fibonacci retracements over), which would obviously cut heavily into your profits.
Removing any trades where the spread is more than 50% of the trade width improved profits slightly without removing many trades, but this is almost certainly just coincidence on a small sample size. Going below 40% and even down to 30% starts to cut out a lot of trades for the less-common pairs, but doesn't actually change overall profits at all(~1% either way).
However, digging all the way down to 25% starts to really make some movement. Profit at the -161.8% TP level jumps up to 37.94% if you filter out anything with a spread that is more than 25% of the trade width! And this even keeps the sample size fairly large at 187 total trades.
You can get your profits all the way up to 48.43% at the -161.8% TP level if you filter all the way down to only trades where spread is less than 15% of the trade width, however your sample size gets much smaller at that point(108 trades) so I'm not sure I would trust that as being accurate in the long term.
Overall based on this data, I'm going to only take trades where the spread is less than 25% of the trade width. This may bias my trades more towards the majors, which would mean a lot more correlated trades as well(more on correlation below), but I think it is a reasonable precaution regardless.

Time of Day

Time of day had an interesting effect on trades. In a totally predictable fashion, a vast majority of setups occurred during the London and New York sessions: 5am-12pm Eastern. However, there was one outlier where there were many setups on the 11PM bar - and the winrate was about the same as the big hours in the London session. No idea why this hour in particular - anyone have any insight? That's smack in the middle of the Tokyo/Sydney overlap, not at the open or close of either.
On many of the hour slices I have a feeling I'm just dealing with small number statistics here since I didn't have a lot of data when breaking it down by individual hours. But here it is anyway - for all TP levels, these three things showed up(all in Eastern time):
I don't have any reason to think these timeframes would maintain this behavior over the long term. They're almost certainly meaningless. EDIT: When you de-dup highly correlated trades, the number of trades in these timeframes really drops, so from this data there is no reason to think these timeframes would be any different than any others in terms of winrate.
That being said, these time frames work out for me pretty well because I typically sleep 12am-7am Eastern time. So I automatically avoid the 5am-6am timeframe, and I'm awake for the majority of this system's setups.

Moving stops up to breakeven

This section goes against everything I know and have ever heard about trade management. Please someone find something wrong with my data. I'd love for someone to check my formulas, but I realize that's a pretty insane time commitment to ask of a bunch of strangers.
Anyways. What I found was that for these trades moving stops up...basically at all...actually reduced the overall profitability.
One of the data points I collected while charting was where the price retraced back to after hitting a certain milestone. i.e. once the price hit the -61.8% profit level, how far back did it retrace before hitting the -100% profit level(if at all)? And same goes for the -100% profit level - how far back did it retrace before hitting the -161.8% profit level(if at all)?
Well, some complex excel formulas later and here's what the results appear to be. Emphasis on appears because I honestly don't believe it. I must have done something wrong here, but I've gone over it a hundred times and I can't find anything out of place.
Now, you might think exactly what I did when looking at these numbers: oof, the spread killed us there right? Because even when you move your SL to 0%, you still end up paying the spread, so it's not truly "breakeven". And because we are trading on a lower timeframe, the spread can be pretty hefty right?
Well even when I manually modified the data so that the spread wasn't subtracted(i.e. "Breakeven" was truly +/- 0), things don't look a whole lot better, and still way worse than the passive trade management method of leaving your stops in place and letting it run. And that isn't even a realistic scenario because to adjust out the spread you'd have to move your stoploss inside the candle edge by at least the spread amount, meaning it would almost certainly be triggered more often than in the data I collected(which was purely based on the fib levels and mark price). Regardless, here are the numbers for that scenario:
From a literal standpoint, what I see behind this behavior is that 44 of the 69 breakeven trades(65%!) ended up being profitable to -100% after retracing deeply(but not to the original SL level), which greatly helped offset the purely losing trades better than the partial profit taken at -61.8%. And 36 went all the way back to -161.8% after a deep retracement without hitting the original SL. Anyone have any insight into this? Is this a problem with just not enough data? It seems like enough trades that a pattern should emerge, but again I'm no expert.
I also briefly looked at moving stops to other lower levels (78.6%, 61.8%, 50%, 38.2%, 23.6%), but that didn't improve things any. No hard data to share as I only took a quick look - and I still might have done something wrong overall.
The data is there to infer other strategies if anyone would like to dig in deep(more explanation on the spreadsheet below). I didn't do other combinations because the formulas got pretty complicated and I had already answered all the questions I was looking to answer.

2-Candle vs Confirmation Candle Stops

Another interesting point is that the original system has the SL level(for stop entries) just at the outer edge of the 2-candle pattern that makes up the system. Out of pure laziness, I set up my stops just based on the confirmation candle. And as it turns out, that is much a much better way to go about it.
Of the 60 purely losing trades, only 9 of them(15%) would go on to be winners with stops on the 2-candle formation. Certainly not enough to justify the extra loss and/or reduced profits you are exposing yourself to in every single other trade by setting a wider SL.
Oddly, in every single scenario where the wider stop did save the trade, it ended up going all the way to the -161.8% profit level. Still, not nearly worth it.

Correlated Trades

As I've said many times now, I'm really not qualified to be doing an analysis like this. This section in particular.
Looking at shared currency among the pairs traded, 74 of the trades are correlated. Quite a large group, but it makes sense considering the sort of moves we're looking for with this system.
This means you are opening yourself up to more risk if you were to trade on every signal since you are technically trading with the same underlying sentiment on each different pair. For example, GBP/USD and AUD/USD moving together almost certainly means it's due to USD moving both pairs, rather than GBP and AUD both moving the same size and direction coincidentally at the same time. So if you were to trade both signals, you would very likely win or lose both trades - meaning you are actually risking double what you'd normally risk(unless you halve both positions which can be a good option, and is discussed in ParallaxFX's posts and in various other places that go over pair correlation. I won't go into detail about those strategies here).
Interestingly though, 17 of those apparently correlated trades ended up with different wins/losses.
Also, looking only at trades that were correlated, winrate is 83%/70%/55% (for the three TP levels).
Does this give some indication that the same signal on multiple pairs means the signal is stronger? That there's some strong underlying sentiment driving it? Or is it just a matter of too small a sample size? The winrate isn't really much higher than the overall winrates, so that makes me doubt it is statistically significant.
One more funny tidbit: EUCAD netted the lowest overall winrate: 30% to even the -61.8% TP level on 10 trades. Seems like that is just a coincidence and not enough data, but dang that's a sucky losing streak.
EDIT: WOW I spent some time removing correlated trades manually and it changed the results quite a bit. Some thoughts on this below the results. These numbers also include the other "What I will trade" filters. I added a new worksheet to my data to show what I ended up picking.
To do this, I removed correlated trades - typically by choosing those whose spread had a lower % of the trade width since that's objective and something I can see ahead of time. Obviously I'd like to only keep the winning trades, but I won't know that during the trade. This did reduce the overall sample size down to a level that I wouldn't otherwise consider to be big enough, but since the results are generally consistent with the overall dataset, I'm not going to worry about it too much.
I may also use more discretionary methods(support/resistance, quality of indecision/confirmation candles, news/sentiment for the pairs involved, etc) to filter out correlated trades in the future. But as I've said before I'm going for a pretty mechanical system.
This brought the 3 TP levels and even the breakeven strategies much closer together in overall profit. It muted the profit from the high R:R strategies and boosted the profit from the low R:R strategies. This tells me pair correlation was skewing my data quite a bit, so I'm glad I dug in a little deeper. Fortunately my original conclusion to use the -161.8 TP level with static stops is still the winner by a good bit, so it doesn't end up changing my actions.
There were a few times where MANY (6-8) correlated pairs all came up at the same time, so it'd be a crapshoot to an extent. And the data showed this - often then won/lost together, but sometimes they did not. As an arbitrary rule, the more correlations, the more trades I did end up taking(and thus risking). For example if there were 3-5 correlations, I might take the 2 "best" trades given my criteria above. 5+ setups and I might take the best 3 trades, even if the pairs are somewhat correlated.
I have no true data to back this up, but to illustrate using one example: if AUD/JPY, AUD/USD, CAD/JPY, USD/CAD all set up at the same time (as they did, along with a few other pairs on 6/19/20 9:00 AM), can you really say that those are all the same underlying movement? There are correlations between the different correlations, and trying to filter for that seems rough. Although maybe this is a known thing, I'm still pretty green to Forex - someone please enlighten me if so! I might have to look into this more statistically, but it would be pretty complex to analyze quantitatively, so for now I'm going with my gut and just taking a few of the "best" trades out of the handful.
Overall, I'm really glad I went further on this. The boosting of the B/E strategies makes me trust my calculations on those more since they aren't so far from the passive management like they were with the raw data, and that really had me wondering what I did wrong.

What I will trade

Putting all this together, I am going to attempt to trade the following(demo for a bit to make sure I have the hang of it, then for keeps):
Looking at the data for these rules, test results are:
I'll be sure to let everyone know how it goes!

Other Technical Details

Raw Data

Here's the spreadsheet for anyone that'd like it. (EDIT: Updated some of the setups from the last few days that have fully played out now. I also noticed a few typos, but nothing major that would change the overall outcomes. Regardless, I am currently reviewing every trade to ensure they are accurate.UPDATE: Finally all done. Very few corrections, no change to results.)
I have some explanatory notes below to help everyone else understand the spiraled labyrinth of a mind that put the spreadsheet together.

Insanely detailed spreadsheet notes

For you real nerds out there. Here's an explanation of what each column means:

Pairs

  1. AUD/CAD
  2. AUD/CHF
  3. AUD/JPY
  4. AUD/NZD
  5. AUD/USD
  6. CAD/CHF
  7. CAD/JPY
  8. CHF/JPY
  9. EUAUD
  10. EUCAD
  11. EUCHF
  12. EUGBP
  13. EUJPY
  14. EUNZD
  15. EUUSD
  16. GBP/AUD
  17. GBP/CAD
  18. GBP/CHF
  19. GBP/JPY
  20. GBP/NZD
  21. GBP/USD
  22. NZD/CAD
  23. NZD/CHF
  24. NZD/JPY
  25. NZD/USD
  26. USD/CAD
  27. USD/CHF
  28. USD/JPY

TL;DR

Based on the reasonable rules I discovered in this backtest:

Demo Trading Results

Since this post, I started demo trading this system assuming a 5k capital base and risking ~1% per trade. I've added the details to my spreadsheet for anyone interested. The results are pretty similar to the backtest when you consider real-life conditions/timing are a bit different. I missed some trades due to life(work, out of the house, etc), so that brought my total # of trades and thus overall profit down, but the winrate is nearly identical. I also closed a few trades early due to various reasons(not liking the price action, seeing support/resistance emerge, etc).
A quick note is that TD's paper trade system fills at the mid price for both stop and limit orders, so I had to subtract the spread from the raw trade values to get the true profit/loss amount for each trade.
I'm heading out of town next week, then after that it'll be time to take this sucker live!

Live Trading Results

I started live-trading this system on 8/10, and almost immediately had a string of losses much longer than either my backtest or demo period. Murphy's law huh? Anyways, that has me spooked so I'm doing a longer backtest before I start risking more real money. It's going to take me a little while due to the volume of trades, but I'll likely make a new post once I feel comfortable with that and start live trading again.
submitted by ForexBorex to Forex [link] [comments]

Forex Trading Basics Reddit - Forex Glossary Terms For Beginners

Forex Trading Basics Reddit - Forex Glossary Terms For Beginners

What is Forex - Terminology

https://preview.redd.it/pmjpy8sqh1x51.jpg?width=580&format=pjpg&auto=webp&s=b02715d6d6f153592a967f577c18578363ca731c
The FOREX market is the largest financial market in the world. On a daily basis, trillions of dollars are traded in different currencies around the world.
Being FOREX the basis for international capital transactions, its liquidity and volume are much greater than any other financial market. It is estimated that the average volume traded by the world's largest stock exchange, the New York Stock Exchange (NYSE) in a full month, is equal to the volume traded daily in the Forex currency market. In addition, it is estimated that this volume will increase by 25% annually.
80% of transactions are between the US dollar (USD), the euro (EUR), the yen (JPY), the British pound (GBP), the Swiss franc (CHF), and the Australian dollars (AUD) and Canadian (CAD).

What is traded in the Forex market?

We could just say that money. Trading in FOREX simultaneously involves buying one currency (for example euros) and selling another (for example US dollars). These simultaneous purchase and sale operations are carried out through online brokers. Operations are specified in pairs; for example the euro and the dollar (EUR / USD) or the pound sterling and the Yen (GBP / JPY).
These types of transactions can be somewhat confusing at first since nothing is being purchased physically. Basically, each currency is tied to the economy of its respective country and its value is a direct reflection of people's perception of that economy. For example, if there is a perception that the economy in Japan is going to weaken, the Yen is likely to be devalued against other currencies. In other words, people are going to sell Yen and they are going to buy currencies from countries where the economy is or will be better than Japan.
In general, the exchange of one currency for another reflects the condition of the health of the economy of that country with respect to the health of the economy of other countries.
Unlike other financial markets such as the stock market, the currency market does not have a fixed location like the largest exchanges in the world. These types of markets are known as OTC (Over The Counter). Transactions take place independently around the world, mainly over the Internet, and prices can vary from place to place.
Due to its decentralized nature, the foreign exchange market is operated 24 hours a day from Monday to Friday.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE

Forex Trading Basics - Basic Forex Terminology

https://preview.redd.it/657dbjqvf1x51.jpg?width=421&format=pjpg&auto=webp&s=bd99eac3d8c68916078b089fc4af5ba14db289fc
As with any new skill that is learned, it is also necessary to learn its terminology. There are certain terms that you must know before you start trading Forex. Here are the main ones.

• Major and minor currencies

The 8 most widely used currencies (USD, EUR, JPY, GBP, CHF, CAD, NZD, and AUD) are known as “ major currencies ”. All other currencies are called " minor currencies ." You don't need to worry about minor currencies, as you probably won't start trading them for now. The USD, EUR, JPY, GBP, and CHF currencies are the most popular and most liquid currencies on the market.

• Base currency

The base currency is the first currency in any currency pair. It shows how much the base currency is worth against the second currency. For example, if the USD / CHF has a rate of 1.6350, it means that 1 USD is worth 1.6350 CHF. In the forex market, the US dollar is in many cases the base currency to make quotes, the quotes are expressed in units of $ 1 on the other currency of the pair.
In some other pairs, the base currency is the British pound, the euro, the Australian dollar, or the New Zealand dollar.

• Quoted currency

The quote currency is the second currency in the currency pair. This is often referred to as a "pip-currency" and any unrealized gains or losses are expressed in this currency.

• Pip

A pip is the smallest unit of the price of any currency. Almost all currencies consist of 5 significant digits and most pairs have the decimal point immediately after the first digit. For example EUR / USD = 1.2538, in this case, a pip is the smallest change in the fourth decimal space, which is, 0.0001.
A notable exception is the USD / JPY pair where the pip equals $ 0.01.

• Purchase price (bid)

The buying price (bid) is the price at which the market is ready to buy a specific currency in the Forex market. At this price, one can sell the base currency. The purchase price is displayed on the left side.
For example, in GBP / USD = 1.88112 / 15, the selling price is 1.8812. This means that you can sell a GPB for $ 1.8812.

• Sale Price (ask)

The asking price is the price at which the market is ready to sell a specific currency pair in the Forex market. At this price, you can buy the base currency. The sale price is displayed on the right-hand side.
For example, at EUR / USD = 1.2812 / 15, the selling price here is 1.2815. This means that you can buy one euro for $ 1.2815. The selling price is also called the bid price.

• Spread

All Forex quotes include two prices, the bid (offer) and the ask (demand).
The bid is the price at which the broker is willing to buy the base currency in exchange for the quoted currency. This means that the bid is the price at which you can sell.
The ask is the price at which the broker is willing to sell the base currency in exchange for the quoted currency. This means that the ask is the price at which you will buy. The difference between the bid and the ask is popularly known as the spread and is the consideration that the online broker receives for its services.

• Transaction costs

The transaction cost, which could be said to be the same as the Spread, is calculated as: Transaction Cost = Ask - Bid. It is the number of pips that are paid when opening a position. The final amount also depends on the size of the operation.
It is important to note that depending on the broker and the volatility, the difference between the ask and the bid can increase, making it more expensive to open a trade. This generally happens when there is a lot of volatility and little liquidity, as happens during the announcement of some relevant economic data.

• Cross currency

A cross-currency is any pair where one of the currencies is the US dollar (USD). These pairs show an erratic price behavior when the operator opens two operations in US dollars. For example, opening a long trade to buy EUR / GPB is equivalent to buying EUR / USD and selling GPB / USD. Cross-currency pairs generally carry a higher transaction cost.

• Margin

When you open a new account margin with a Forex broker, you must deposit a minimum amount of money to your broker. This minimum varies depending on each broker and can be as low as € / $ 100 at higher amounts.
Each time a new trade is executed a percentage of your account margin balance will be the initial margin required for a new trade based on the underlying currency pair, current price, and the number of units (or lots) of the trade. .
For example, let's say you open a mini account which gives you a leverage of 1: 200 or a margin of 0.5%. Mini accounts work with mini lots. Suppose a mini lot equals $ 10,000. If you are about to open a mini lot, instead of having to invest $ 10,000, you will only need $ 50 ($ 10,000 x 0.5% = $ 50).

• Leverage

Leverage is the ratio of the capital used in a transaction to the required deposit. It is the ability to control large amounts of dollars with relatively less capital. Leverage varies drastically depending on the broker, it can go from 1: 2 to even 1: 2000. The most common level of leverage in Forex can currently be around 1: 200.

• Margin + leverage = dangerous combination

Trading currencies on margin allows you to increase your buying power. This means that if you have $ 5,000 in account margin that allows you a 1: 100 leverage, you can then buy $ 500,000 in foreign exchange as you only have to invest a percentage of the purchase price. Another way of saying this is that you have $ 500,000 in purchasing power.
With more purchasing power you can greatly increase your potential profits without an outlay of cash. But be careful, working with a high margin increases your profits but also your losses if the trade does not progress in your favor.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE
submitted by kayakero to makemoneyforexreddit [link] [comments]

5 Best Features of PrimeXBT in 2020

5 Best Features of PrimeXBT in 2020

https://preview.redd.it/6my3p5fd0gv51.png?width=1000&format=png&auto=webp&s=580cd88e1c69d0e2fdd9f0187c8f682159d77ea6
PrimeXBT is a cutting-edge trading platform that bridges the gap between the cryptocurrency and traditional asset markets, providing a range of advanced tools and features for the optimization of the way its users trade and invest.
As well as this, PrimeXBT provides a safe and secure environment that is fully compliant with AML and KYC, and that uses advanced bank-grade security features in order to protect the funds of its users.
We're taking a look at the 5 best features of PrimeXBT in 2020, beginning with a look at what PrimeXBT actually is and the growth of PrimeXBT, before looking at the top 5 features that users at the platform enjoy.
What is PrimeXBT?

https://preview.redd.it/caj1fufl0gv51.png?width=1000&format=png&auto=webp&s=de015bb00a8785dc43fa1e16c11838521acfe1e8
PrimeXBT is the world's leading multi-asset margin trading platform and after launching in 2018 with a waiting list of more than 150,000 traders, PrimeXBT has rapidly grown over the past 2 years to today managing up to $2 billion worth of global trade every day.
PrimeXBT's reputation is built around the provision of advanced tools and features that are unique throughout the market and that provide powerful opportunities for traders and investors to reduce the risk and to improve the outcomes of their trading activities.
PrimeXBT lists a wide range of cryptocurrencies and traditional assets, provides industry leading margin trading, and packs some of the most advanced security features used in the market into its platform as well.
The Growth of PrimeXBT
What Distinguishes PrimeXBT from Other Platforms?
While there are many trading platforms that provide margin trading in 2020, PrimeXBT provides a safer and more secure environment for cryptocurrency and traditional asset margin traders.
Unlike many other platforms which have been hacked over the past few years, PrimeXBT has a clean security track record and has never been hacked, protecting its users with advanced features.
As well as this, PrimeXBT is considered to be one of the most innovative trading platforms in the cryptocurrency industry, integrating a range of next generation tools and features into its services and providing new ways of trading and investing for the cryptocurrency market.
5 Best Features of PrimeXBT:
Lowest Fees of Any Major Crypto Platform
Since its launch, PrimeXBT has provided the lowest trading fees on the market with a flat rate of just 0.05% applied to all trades, irrespective of the size of the trade or the asset class being traded.
While some of the major trading platforms provide lower fees than the average, PrimeXBT's fees are significantly lower than any other platforms and up to 10 times lower than the most expensive platforms to use.
This has ensured that PrimeXBT’s traders and investors are able to minimize the cost of trading by using the platform, and to maximize the revenue that they generate in the market.
Powerful and Reliable Platform
PrimeXBT is a powerful and reliable platform that packs a range of professionally-engineered tools and technologies into its systems, ensuring that traders can engage with the market in the most effective way possible.
Perhaps the best example of this is PrimeXBT’s trading engine which is strong and robust and that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms.
By providing a combination of ensuring high liquidity on all trading pairs as well as providing powerful trading tools, PrimeXBT ensures that there is minimum slippage on the platform and optimal entry and exit points as well.
Covesting For Reduced Risk and Crypto Copy Trading
PrimeXBT provides access to the only form of copy trading available in the cryptocurrency space following the integration of covesting into its systems in a partnership with leading crypto copy trading platform, Covesting.io.
Covesting allows traders and investors to partner together and to collectively maximize their safety in the market while reducing risk and improving the collective outcomes in the process.
Covesting is a revolutionary new way for cryptocurrency traders to engage with the market and is one of the fastest growing trends in 2020.
AML/KYC Compliance for Safe Trading
PrimeXBT uses Bitfury Crystal's AML compliance software and blockchain monitoring tool set on all incoming transactions to the platform in order to ensure full AML compliance and safety for all users on PrimeXBT.
PrimeXBT also restricts citizens from problematic jurisdictions with users confirming their country of residence in order for KYC compliance throughout the platform to be achieved.
Using this system, Primax PT not only ensures that it is fully AML/KYC compliant, but also that it is able to monitor and manage transactions that may be fraudulent in real-time throughout the platform.
Widest Range of Assets in the Market
One of the major draw cards of using PrimeXBT is that it provides one of the widest ranges of different assets in the market with a range of leading cryptoassets as well as some of the world's top traditional assets as well.
PrimeXBT lists a range of cryptocurrencies that include BTC, ETH, XRP, LTC, and EOS, as well as a range of traditional assets like stock indices such as the S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD, and commodities such as gold and oil.
Traders and investors are able to use PrimeXBT as a bridge between the crypto assets and traditional asset markets, reducing the cost of trading between them, as well as dramatically increasing the efficiency of multi-asset trading in the process.
What is the Future of PrimeXBT?
In a very short amount of time of just 2 years, PrimeXBT has gone from launching with a waitlist of more than 150,000 traders to today managing up to $2 billion worth of global trade every day.
If the trajectory of growth for PrimeXBT continues it will no doubt see the platform expanding into a range of different areas of online financial trading, and will see the platform become one of the largest trading platforms to ever be in operation.
Over the past 2 years, PrimeXBT's reputation has only grown in strength and we would expect to see this continue as it integrates more safety and security features into its services and increases its compliance with AML and KYC globally.
In Conclusion
PrimeXBT has grown to become one of the world's leading crypto trading platforms, and provides access to some of the world's leading cryptoassets as well as many of the world's leading traditional assets as well.
PrimeXBT has provided a range of different advantages to its uses, with these essentially boiling down to powerful opportunities for more success in global markets as well as increased security and safety in comparison to other platforms.
If you would like to learn more about PrimeXBT, and about the tools and features available on the site, check out this link.
submitted by benebit to CryptocurrencyICO [link] [comments]

Is PrimeXBT Safe for Canadian Traders?

Is PrimeXBT Safe for Canadian Traders?
https://preview.redd.it/vrq329h41vs51.png?width=1000&format=png&auto=webp&s=a9cdd74e5bfd8c7ca678fcb6663d37d87bc9f7b2
With the dramatic increase in the number of traders and investors in Canada that are using PrimeXBT, one question has been asked recently more than others which is whether PrimeXBT is safe for Canadian traders.
The number of Canadian users at PrimeXBT has been growing rapidly throughout 2020 as a sign that the tools and features on the platform are opening up new opportunities for interacting in the market in more optimal ways.
This guide covers whether or not PrimeXBT is safe for Canadian traders, and looks at some of the features and tools of the platform.
The Canadian Market in 2020
Like much of the rest of the world, the Canadian market has seen some of the highest levels of all volatility in 2020 that have been seen in many years, or even at all throughout the history of cryptocurrency.
The Canadian market has seen renewed growth following the contractions throughout 2018 and much of 2019 when the global bear market in the cryptocurrency space drove many retail investors back out of the market after the exponential growth of 2017.
This has led many Canadian traders to wonder whether we are on the brink of another major bull run as was seen both in 2017 as well as 2013, and that would potentially see the price of Bitcoin driven up to the range of $50,000 or more.
The Exponential Growth of PrimeXBT
With the backdrop of the excitement within the global cryptocurrency market in general, and the Canadian cryptocurrency market more specifically, PrimeXBT has been perfectly positioned for exponential growth since its launch in early 2018.
The platform initially launched at the start of 2018 with a waiting list of more than 150,000 traders, and this showed the interest in the platform that was present even before it came onto the market.
As a result of the unique tools and features provided by PrimeXBT, it has grown exponentially over the past few years to become the world’s leading multi-asset margin trading platform and today managing up to $2 billion worth of global trade every day.
What is PrimeXBT?

https://preview.redd.it/iax449j91vs51.png?width=1000&format=png&auto=webp&s=24ea73d33d4f74afedf75a55b5a51967e95dea04
PrimeXBT is a margin trading-centric platform that provides high leverage trading on a wide range of cryptoassets as well as many of the world’s leading traditional assets.
Traders at PrimeXBT are able to access up to 100X leverage on a wide range of cryptoassets that include BTC, ETH, XRP, LTC, and EOS.
This is whilst also being able to access up to 500X leverage on a range of traditional assets like stock indices such as the S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD, and commodities such as gold and oil.
PrimeXBT: Security Features
From a security perspective, PrimeXBT is one of the leading trading platforms in the crypto market, and has built a strong reputation for being a safe and reliable platform to trade on.
Much of this is as a result of the bank-grade security features that are implemented throughout PrimeXBT that include mandatory Bitcoin address whitelisting and hardware security modules with rating of FIPS PUB 140-2 Level 3 or higher.
By working to add advanced security solutions throughout its platform, PrimeXBT has shown a strong commitment to protecting the funds and data of its users.
PrimeXBT: Security Track Record
While there are many other platforms in the cryptocurrency space that have suffered devastating hacks over the past 2 or 3 years, PrimeXBT is one of a small number of top tier platforms that have remained hack-free throughout this period.
A good example of this is the Binance hack in 2019 that saw the platform lose more than $40 million of its users’ funds, and more recently the KuCoin hack where more than $150 million was lost by that platform.
In contrast, PrimeXBT has never been hacked and has never been breached by hackers and as such remains as one of the most trusted platforms in the market, having a clean security track record.
PrimeXBT: Excellent Customer Support
In 2019, a study of the top 5 crypto margin trading platforms found that PrimeXBT has the best customer service of all 5, and also was the only platform out of the 5 to have full marks for all for metrics.
These metrics were politeness, responsiveness, helpfulness, and the range of different communication channels that were available to users.
By having an excellent customer support structure, PrimeXBT has ensured that its users are able to get fast and easy solutions to the problems and that there is always a direct line of communication open with the admin at the platform to be able to effectively deal with any issues that arise.
Other Advantages of Using PrimeXBT
PrimeXBT also provides a number of other advantages that are unique to the platform including providing the lowest fee schedule of any major cryptocurrency trading platform in the market with a low flat rate of 0.05% applied to all trades, irrespective of the size of a trade or the asset being traded.
As well as this, PrimeXBT’s users can enjoy a robust trading engine that is built into the core of the PrimeXBT platform and that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms.
PrimeXBT also has a unique 4-tier referral program where the traders can generate revenue streams from direct referrals, as well as indirect referrals up to 4 levels deep, with this dramatically increasing the profitability of affiliate activities, and netting the top 3 affiliates on the platform more than $1 million in 2019.
In Summary
PrimeXBT is a safe and well-reputed trading platform for Canadian traders and this is the reason for its exponential growth of users and volume within Canada over the past months.
As well as being a safe platform to trade at, PrimeXBT also provides a range of unique tools and features to use in order to maximize profitability in the cryptocurrency and traditional asset markets.
To understand more about the security features on PrimeXBT that have protected its users, check out PrimeXBT’s Security page.
submitted by benebit to CryptocurrencyICO [link] [comments]

How Does PrimeXBT Help Traders Generate Profits In Ways That Other Platforms Don’t?

How Does PrimeXBT Help Traders Generate Profits In Ways That Other Platforms Don’t?

https://preview.redd.it/1uo03d0395n51.png?width=1000&format=png&auto=webp&s=47a8c8fc6a5f0029d7c648ef246aaceb0b032172

PrimeXBT is one of the true success stories of the cryptocurrency industry, having launched only 3 years ago and today growing to become the largest multi-asset margin trading platform on the market.
The exponential growth of PrimeXBT to the point it’s at today has been largely as a result of providing opportunities to generate profit which other trading platforms have not.
Let’s take a look at the innovative ways that PrimeXBT has provided advanced tools and features for its users, and the impact it’s had on its growth in the market.
What’s Different About 2020?
For much of the last 10 years of the life of cryptocurrency, trading platforms have faced limited competition and could largely dominate the market without much innovation being built into their systems.
Throughout 2016 and 2017 there was a huge growth in the number of traders in the market, and this had a knock-on effect where the additional trading revenue that was available led to a huge influx of new trading platforms establishing themselves as well.
This influx of competition has meant that only trading platforms that innovate are able to compete and secure a substantial amount of market share in the cryptocurrency space.
PrimeXBT - The World’s Leading Multi-Asset Margin Trading Platform
PrimeXBT has incorporated innovation into the fabric of its trading platform, with it being the first major cryptocurrency trading platform to focus solely on margin trading in the crypto space, and this in turn leading to a strong demand for its services.
Over a relatively short period of time of 2 or 3 years, PrimeXBT has continually grown at an exponential rate as it has integrated more services providing greater value for traders.
Today PrimeXBT has become the world's leading multi-asset margin trading platform, listing a wide range of cryptocurrencies and traditional assets and managing up to $2billion worth of global trade every day.
Wider Variety of Assets to Choose From
Unlike other platforms which focus only on cryptocurrencies, PrimeXBT lists a wide range of cryptoassets including BTC, ETH, XRP, LTC, and EOS, as well as a wide range of traditional assets like stock indices such as S&P500 and FTSE100, commodities such as gold and oil, and forex pairs such as USD/EUR and AUD/CAD.
Coupled with this has been PrimeXBT’s continual push to integrate new assets into its platform and over the course of the last few years has increased number of listed assets by more than 50%
One of the most attractive reasons that traders have traded at PrimeXBT is the ability to use it as an efficient and seamless bridge between cryptocurrency space and the traditional asset market.
Industry-Leading Margin Trading and high Leverage
At its core, PrimeXBT is a margin-trading-centric platform that recognized the demand for advanced margin trading for features within the cryptocurrency market and built its services around that.
Traders at PrimeXBT enjoy industry-leading leverage of up to 100X on a range of cryptocurrencies and up to 500X on a range of traditional assets, with this being significantly higher than in any other major platform in the market today.
At a point in time when almost no other major cryptocurrency trading platforms provided margin trading, PrimeXBT was the first platform to build it into its systems in any kind of significant way, and as such has built a large and loyal following throughout the market.
Secure Trading for Users
PrimeXBT has also always focused on providing a secure environment for traders, with the platform having a better security track record than a majority of others in the industry.
PrimeXBT incorporates a wide range of bank-grade security features into its services such as mandatory Bitcoin address whitelisting and cold storage of digital assets with multisignature technology.
This has ensured that PrimeXBT has never been hacked and has not been breached by hackers, with the funds of its users remaining safe throughout this time of operation.
In Summary
PrimeXBT provides a unique trading environment for its users, with a wide range of different features and unique and powerful ways to generate profit in the cryptocurrency market.
The innovation that has been built into PrimeXBT has been one of its major draw cards and it’s unique selling point for the past 2 or 3 years.
To learn more about PrimeXBT and the tools and features available on the platform, check out this link.
submitted by benebit to CryptocurrencyICO [link] [comments]

CAD NZD AUD

I'm new to forex, I would like to know if CAD, NZD, AUD are commodity currencies? can someone explain to me why?
submitted by Trader_Kamikaze to Forex [link] [comments]

CAD NZD AUD

I'm new to forex, I would like to know if CAD, NZD, AUD are commodity currencies? can someone explain to me why?
submitted by Trader_Kamikaze to Daytrading [link] [comments]

1000pip Climber System Discount Code, Official Coupon Code

1000pip Climber System Discount Code, Coupon Code is now available. Click the link below to activate the official 1000pip Climber System coupon code now, enjoy!
Here Is 1000pip Climber System Discount Code. Enjoy
I’ve been using the system for a while now. So far, so good for me-I find I am making profits consistently. Losses do happen to me, although in my case, they have been few in number.
I try to keep in mind that no system is 100% foolproof when it comes to trading, but I have won more than lost, so that’s a plus in my book.
One thing I would advise new users about is that you have to be wary of United States news releases. Five out of six currency pairs are based on the US Dollar.
Performance can be affected; I would get a news app for your phone or have the TV running the news in the background if you can.
In case you are curious, the six currency pairs are the following: EUR to USD, AUD to USD, USD to CHF, USD to JPY, USD to CAD, and EUR to JPY.
My bottom line is that it is a great system, very well built, and great for the price I paid. I would certainly recommend this to new Forex traders and veterans alike.
I guess the only improvement I would hope for is that it can be made to work for other trade platforms, not just Metatrader.
Click here to activate the official 1000pip Climber System Coupon Code, Enjoy
submitted by Snushy_101 to LiveCoupon [link] [comments]

Conversion Rate Tips

https://popify.org/
conversion rate
conversion rate formula
conversion rate optimization
conversion rate euro dollar
conversion rate definition
conversion rate calculator
conversion rate euro to pound
conversion rate euro usd
conversion rate euro to inr
conversion rate usd eur
conversion rate usd to cad
conversion rate adalah
conversion rate aed to inr
conversion rate aud to usd
conversion rate abbreviation
conversion rate aud to inr
conversion rate average
conversion rate advertising
conversion rate amazon
conversion rate aud to nzd
conversion rate australian dollars to pounds
conversion rate kpi
conversion rate kg to lb
conversion rate km to miles
conversion rate kilograms to pounds
conversion rate kilometers to miles
conversion rate krw to usd
conversion rate korean won to usd
conversion rate kenyan shillings to dollars
conversion rate kg to pounds
conversion rate kwd to inr
conversion rate history
conversion rate hkd to usd
conversion rate how to calculate
conversion rate hubspot
conversion rate hong kong dollar to usd
conversion rate hkd to sgd
conversion rate hypothesis test
conversion rate home loan
conversion rate hkd to myr
conversion rate hesaplama
conversion rate experts
conversion rate ecommerce
conversion rate eur to usd
conversion rate etsy
conversion rate euro to aud
conversion rate equation
conversion rate jpy to usd
conversion rate japanese yen to usd
conversion rate jamaican dollars to us dollars
conversion rate jamaican to us
conversion rate jpy to inr
conversion rate jmd to usd
conversion rate jpy to sgd
conversion rate jod to usd
conversion rate jpy to myr
conversion rate jelentése
conversion rate facebook ads
conversion rate formula excel
conversion rate from pounds to dollars
conversion rate from usd to inr
conversion rate from euros to dollars
conversion rate formula facebook
conversion rate formula in retail
conversion rate from usd to cad
conversion rate for email marketing
conversion rate dollar euro
conversion rate dollars to pounds
conversion rate dollar to peso
conversion rate dollar to rupee
conversion rate deutsch
conversion rate dollar to yen
conversion rate definition google analytics
conversion rate dollar to shekel
conversion rate dollar to naira
conversion rate cad to usd
conversion rate currency
conversion rate calculator marketing
conversion rate cad to inr
conversion rate calculation formula
conversion rate celsius to fahrenheit
conversion rate chart
conversion rate cm to inches
conversion rate can be described as
conversion rate of dollar to naira
conversion rate of usd to inr
conversion rate optimization strategies
conversion rate optimization agency
conversion rate optimization tools
conversion rate optimization services
conversion rate optimization best practices
conversion rate of pounds to naira
conversion rate of pounds to dollars
conversion rate nzd to usd
conversion rate nedir
conversion rate nzd to aud
conversion rate naira to dollar
conversion rate nzd to inr
conversion rate nok to usd
conversion rate nzd to gbp
conversion rate new zealand
conversion rate nasıl hesaplanır
conversion rate nz to us
conversion rate meaning
conversion rate money
conversion rate marketing formula
conversion rate metric
conversion rate meaning in hindi
conversion rate miles to km
conversion rate myr to usd
conversion rate meters to feet
conversion rate meaning in business
conversion rate mm to inches
conversion rate inr to usd
conversion rate in digital marketing
conversion rate icon
conversion rate in google analytics
conversion rate instagram
conversion rate is a measure of the
conversion rate in sales
conversion rate in retail
conversion rate in ecommerce
conversion rate instagram ads
conversion rate google analytics
conversion rate gbp to usd
conversion rate google ads
conversion rate gbp to inr
conversion rate gbp to euro
conversion rate gbp to aud
conversion rate graph
conversion rate gbp to eur
conversion rate grams to ounces
conversion rate google analytics definition
conversion rate benchmarks
conversion rate berechnen
conversion rate business
conversion rate british pound to us dollar
conversion rate by date
conversion rate bells to dollars
conversion rate brazilian real to us dollar
conversion rate by channel
conversion rate business definition
conversion rate british pounds to dollars
conversion rate là gì
conversion rate lbs to kg
conversion rate landing page
conversion rate length
conversion rate linkedin
conversion rate linkedin ads
conversion rate lbs to dollars
conversion rate lead generation
conversion rate liters to gallons
conversion rate live
conversion rate retail
conversion rate rmb to usd
conversion rate rupee to dollar
conversion rate ranking facebook
conversion rate rand to dollar
conversion rate rand to pound
conversion rate rm to usd
conversion rate rupee to pound
conversion rate ranking below average
conversion rate real estate
conversion rate vs ctr
conversion rate vs exchange rate
conversion rate vnd to usd
conversion rate vs win rate
conversion rate vs bounce rate
conversion rate vietnam
conversion rate vietnamese dong to us dollar
conversion rate vs retention rate
conversion rate vs close rate
conversion rate variance gain
conversion rate pound to euro
conversion rate pounds to dollars
conversion rate pesos to dollars
conversion rate paypal
conversion rate pound to inr
conversion rate pounds to aud
conversion rate php to usd
conversion rate percentage
conversion rate pound to rupees
conversion rate pound to us dollar
conversion rate website
conversion rate wiki
conversion rate won to usd
conversion rate weight
conversion rate web analytics
conversion rate western union
conversion rate website average
conversion rate what is
conversion rate won to dollar
conversion rate website definition
conversion rate sales
conversion rate social media
conversion rate shopify
conversion rate sgd to usd
conversion rate sterling to euro
conversion rate sgd to myr
conversion rate sgd to inr
conversion rate synonym
conversion rate social media marketing
conversion rate seo
conversion rate usd to inr
conversion rate usd to aud
conversion rate usd to sgd
conversion rate usd to gbp
conversion rate usd to php
conversion rate usd to nzd
conversion rate usd to myr
conversion rate usd
conversion rate yen to usd
conversion rate yen to dollar
conversion rate youtube
conversion rate yuan to usd
conversion rate youtube ads
conversion rate yen to peso
conversion rate yen to sgd
conversion rate yen to aud
conversion rate youtube video
conversion rate yen
conversion rate today
conversion rate to usd
conversion rate table
conversion rate to euro
conversion rate to hinduism
conversion rate tableau
conversion rate temperature
conversion rate to sales
conversion rate to pounds
conversion rate twitter
bali conversion rate
bank of america conversion rate
best conversion rate
bsp conversion rate
best euro conversion rate
bank conversion rate
best penalty conversion rate
barclays conversion rate
bmo conversion rate
best free kick conversion rate
anz conversion rate
australian conversion rate
aud conversion rate
aud to usd conversion rate
australia conversion rate
aed to usd conversion rate
average conversion rate
american conversion rate
amex conversion rate
australian dollar conversion rate
currency conversion rate
cash conversion rate
canada conversion rate
canadian conversion rate
currency conversion rate calculator
current conversion rate
calculate conversion rate
cad to usd conversion rate
citibank conversion rate
commbank conversion rate
conversion rate qar to usd
conversion rate quizlet
conversion rate que es
conversion rate qar to inr
conversion rate qatari riyal to philippine peso
conversion rate quetzales to dollars
conversion rate qatari riyal to us dollar
conversion rate questions
conversion rate quotes
conversion rate qatar riyal to philippine peso
dollar conversion rate
dollar to rupee conversion rate
dollar to euro conversion rate
dollar to pound conversion rate
dollar conversion rate today
dbs conversion rate
dollar to rupee conversion rate today
dubai conversion rate
dollar to peso conversion rate
dollar to sterling conversion rate
how to calculate conversion rate
hsbc conversion rate
how to increase conversion rate
hdfc conversion rate
hong kong conversion rate
how to increase conversion rate in retail
how to improve conversion rate
how to increase conversion rate in sales
highest penalty conversion rate
hkd to usd conversion rate
gbp to usd conversion rate
gold conversion rate
gbp conversion rate
google conversion rate calculator
good conversion rate
gbp to euro conversion rate
gbp to eur conversion rate
google conversion rate
goal conversion rate
google ads conversion rate
euro conversion rate
euro to dollar conversion rate
euro to pound conversion rate
euro to usd conversion rate
euro to gbp conversion rate
euro to inr conversion rate today
ecommerce conversion rate
euro conversion rate today
eur to usd conversion rate
euro to sterling conversion rate
fx conversion rate
free kick conversion rate
fiji conversion rate
facebook conversion rate
fbar conversion rate 2018
facebook ads conversion rate
free conversion rate calculator
forex conversion rate
feed conversion rate
fbar conversion rate 2019
conversion rate zar to usd
conversion rate zar to inr
conversion rate zloty to euro
conversion rate zimbabwe dollars to us dollars
conversion rate zar to aud
conversion rate zloty to dollar
conversion rate zloty to pound
conversion rate zar to gbp
conversion rate zar to eur
conversion rate zar to us dollar
conversion rate xe
conversion rate xbox ultimate
conversion rate xpf to usd
conversion rate xcd to usd
conversion rate xpf to dollars
conversion rate xof to usd
conversion rate xaf to usd
conversion rate xpf to aud
conversion x rate
exchange rate conversion xe
sbi conversion rate
sales conversion rate
singapore conversion rate
scotiabank conversion rate
sterling conversion rate
sar to usd conversion rate
sterling to euro conversion rate
sales conversion rate by industry
sales conversion rate statistics
sek to usd conversion rate
mastercard conversion rate
money conversion rate
mexico conversion rate
monzo conversion rate
maybank conversion rate
mexican conversion rate
moneygram conversion rate
mas conversion rate
myr to usd conversion rate
mastercard currency conversion rate
rbi conversion rate
rbc conversion rate
religion conversion rate in india
rupee conversion rate
revolut conversion rate
rand conversion rate
robux conversion rate
rupee to dollar conversion rate
rand to pula conversion rate
religion conversion rate
xe conversion rate
xoom conversion rate
xbox game pass ultimate conversion rate
xpf to usd conversion rate
xoom conversion rate india
xbox live to ultimate conversion rate
xoom conversion rate today
xe currency conversion rate
xcd to usd conversion rate
xbox game pass conversion rate
inr to usd conversion rate
iceland conversion rate
india conversion rate
ing conversion rate
irs conversion rate
increase conversion rate
indian conversion rate
inr to aed conversion rate
instagram conversion rate
inr to usd conversion rate today
japan conversion rate
jpy to usd conversion rate
japanese conversion rate
jpy to inr conversion rate
jamaican conversion rate
jamaica conversion rate
japanese yen conversion rate
john lewis conversion rate
jpy conversion rate
jpy to usd conversion rate today
korean conversion rate
kg to lbs conversion rate
krw to usd conversion rate
km to miles conversion rate
kenya conversion rate
kwd to usd conversion rate
kuna conversion rate
kilo to stone conversion rate
korea conversion rate
kpi conversion rate
visa conversion rate
vietnam conversion rate
venezuela conversion rate
visa currency conversion rate
visa card conversion rate
vietnamese conversion rate
visa class b conversion rate
visa international conversion rate
visa euro conversion rate
vanuatu conversion rate
qar to usd conversion rate
qnb conversion rate
qatar conversion rate
quote conversion rate
qantas points conversion rate
query to get conversion rate in oracle apps
quote to sale conversion rate
quote to order conversion rate
qantas frequent flyer conversion rate
qantas frequent flyer points conversion rate
why is paypal's conversion rate different
why is paypal conversion rate lower
why is paypal conversion rate higher
why is conversion rate important
why is my conversion rate so low
why measure conversion rate
why sales conversion rate
why conversion rate optimization is important
why conversion rate is low
why conversion rate optimization
us conversion rate
usd to gbp conversion rate
usd conversion rate
usd to inr conversion rate
us dollar conversion rate
usd to euro conversion rate
us to canada conversion rate
usd to cad conversion rate
usd to inr conversion rate today
us to cad conversion rate
what is conversion rate
what is conversion rate optimization
what is the conversion rate from pounds to dollars
what is conversion rate in sales
what is the euro conversion rate
what is conversion rate in marketing
what is the euro to dollar conversion rate
what is the us conversion rate
what is ecommerce conversion rate
what is the conversion rate from usd to cad
nab conversion rate
new zealand conversion rate
nz conversion rate
natwest conversion rate
nfl 2 point conversion rate 2019
nfl 2 point conversion rate
nzd to gbp conversion rate
nationwide conversion rate
norway conversion rate
naira conversion rate
how to work out conversion rate
how to calculate currency conversion rate
how to increase conversion rate ecommerce
how to find conversion rate
how to increase conversion rate shopify
oanda conversion rate
ocbc conversion rate
oanda currency conversion rate
online store conversion rate
omr to usd conversion rate
online conversion rate
outpatient to inpatient conversion rate
onside kick conversion rate
osrs to rs3 gold conversion rate
opportunity conversion rate formula
lead conversion rate
lbs to kg conversion rate
lb to dollar conversion rate
live conversion rate
lloyds conversion rate
lloyds bank conversion rate
london conversion rate
land conversion rate in odisha
landing page conversion rate
lead to opportunity conversion rate
yen conversion rate
yen to dollar conversion rate
yen to pound conversion rate
yen to usd conversion rate
yahoo conversion rate calculator
yen to gbp conversion rate
yelp conversion rate
youtrip conversion rate
yen to us dollar conversion rate
yen to aud conversion rate
paypal conversion rate
pound to dollar conversion rate
peso conversion rate
pound to euro conversion rate
post office conversion rate
peso to dollar conversion rate
pound conversion rate
paypal currency conversion rate
philippine conversion rate
paypal conversion rate calculator
zar to usd conversion rate
zar to gbp conversion rate
zimbabwe conversion rate
zar conversion rate
zloty conversion rate
zar to inr conversion rate
zar to euro conversion rate
zar to nzd conversion rate
zillow lead conversion rate
western union conversion rate
is paypal conversion rate good
is feed conversion rate
is high conversion rate
is the conversion rate
is conversion rate a kpi
is conversion rate good
who has the best penalty conversion rate
can us conversion rate
can you increase conversion rate
can conversion rate be more than 100
can conversion rate
can conversion rate be over 100
which of the following can the conversion rate reveal
how can i improve my conversion rate
how can i increase my conversion rate
how can you calculate conversion rate
top penalty conversion rate
top free kick conversion rate
top strikers conversion rate
top of funnel conversion rate
top 10 conversion rate
top strategies for conversion rate optimization
top conversion rate optimization companies
top conversion rate websites
top conversion rate optimization experts
top conversion rates traffic
best penalty conversion rate premier league
best dollar conversion rate
best free kick conversion rate all time
best goal conversion rate in europe
best penalty conversion rate ever
best us conversion rate
best shot conversion rate premier league
td conversion rate
td bank conversion rate
transferwise conversion rate
thailand conversion rate
todays conversion rate
thca to thc conversion rate
$ to £ conversion rate
today conversion rate usd to inr
today dollar conversion rate
$ to euro conversion rate
conversion rate will be
worst 50 to 100 conversion rate
worst penalty conversion rate
worst currency conversion rate
worst penalty conversion rate premier league
worst century conversion rate
worst conversion rate
worst conversion rate in premier league
worst conversion rate in test cricket
worst conversion rate to usd
should i use paypal conversion rate
should you use paypal conversion rate
what should my conversion rate be
what should my website conversion rate be
to maximize conversion rate the sales funnel should be
what conversion rate did i get
do you accept conversion rate
do you calculate conversion rate
do conversion rate
how do you calculate a conversion rate hubspot
how do you work out conversion rate
how do conversion rates work
how to do a conversion rate in excel
how do you calculate sales conversion rate
how do i calculate conversion rate
how do i check my paypal conversion rate
does paypal conversion rate change
does paypal increase conversion rate
does video increase conversion rate
does conversion rate affect seo
does conversion rate decrease as traffic increases
does conversion rate help seo
what does conversion rate mean
what does a website’s conversion rate reflect
what does conversion rate mean in sales
what does conversion rate measure
was ist conversion rate
was ist eine gute conversion rate
was ist eine conversion rate
how was the conversion rate
why would conversion rate drop
how would you express the rate of conversion of the zinc
could not determine valid conversion rate
no exchange rate conversion factors could be
submitted by GiuliettaShop to Popify [link] [comments]

Các cặp tiền chính trong forex

Các cặp tiền chính trong forex
Khi bạn giao dịch forex, tức là giao dịch mua bán các cặp tiền, có rất nhiều cặp tiền để các bạn giao dịch, trong đó có các cặp chính, cặp phụ hay cặp ngoại lai.
Ở bài viết này chúng ta sẽ cùng đi tìm hiểu các cặp chính trong forex là như thế nào?

https://preview.redd.it/3qo2d1xk4t251.jpg?width=490&format=pjpg&auto=webp&s=1ab98eaeabbc71dffbac4e12c0f0443fafdefb95

Cặp tiền tệ là gì?

Tiền tệ trong thị trường ngoại hối cũng như các sản phẩm để chúng ta mua bán. Khi giao dịch trên thị trường forex, bạn thực hiện các lệnh buy hoặc sell trên một cặp tiền.
Tỷ giá của mỗi cặp tiền tệ sẽ dao động theo đồng tiền tệ nào mạnh hơn tại thời điểm giao dịch. Các cặp tiền tệ được biểu thị bằng một loại tiền tệ này so với một loại tiền tệ khác. Chúng được ký hiệu là tiền tệ 1/tiền tệ 2.
Ví dụ : Nếu bạn đang giao dịch đồng đô la Mỹ so với đồng đô la Canada, nó sẽ được ký hiệu là USD/CAD.
USD/CAD là một trong những cặp tiền tệ chính trong thị trường forex.
Nếu bạn đang giao dịch đồng bảng Anh với đồng Yên Nhật, nó sẽ được ký hiệu là GBP/JPY.
Với mỗi cặp tiền, đồng tiền đầu tiên là hàng hóa và đồng tiền thứ hai đi sau là loại tiền để mua.
Ví dụ trong cặp EUUSD, đồng tiền thứ nhất, đồng Euro là hàng hóa và đồng tiền thứ hai, USD là loại tiền để mua nó. Khi ta mua EUUSD, có nghĩa là ta bỏ tiền USD ra để sở hữu đồng Euro. Việc ta giao dịch với loại đồng tiền nào chẳng có gì khác biệt cả. Ta có thể giao dịch với USD, GBP, CAD hoặc bất kỳ đồng tiền nào khác. Khi ta muốn mua EUUSD, nhà môi giới sẽ chuyển đổi số dư tài khoản của ta sang USD rồi dùng số tiền USD đó để mua EUR. Cơ chế làm việc là như vậy. Bất kỳ việc mua bán nào trong thị trường forex đều được thực hiện qua trung gian đồng USD.
Cũng chính vì đồng đô la Mỹ là đồng tiền chính nên việc mua bán tất cả các đồng tiền khác đều phải thông qua đồng USD.

2.Phân loại các cặp tiền tệ

2.1Cặp tiền tệ chính

Trong thị trường forex, cặp tiền tệ chính là tất cả các cặp chứa Đô la Mỹ (USD).
Bởi vì đồng đô là Mỹ là đồng rất mạnh, nên cặp tiền tệ nào có đồng USD thì sẽ mặc định là cặp tiền tệ chính.
Đây cũng là những cặp giao dịch thường xuyên nhất và có tính thanh khoản cao nhất trên thị trường forex.
Cặp ngoại hối EUUSD được giao dịch nhiều nhất trong thị trường forex.
Dưới đây là các cặp tiền tệ chính và các thuật ngữ mà các nhà giao dịch FOREX hay sử dụng.
+ EUUSD
+ GBP/USD
+ USD/JPY
+ USD/CAD
+ AUD/USD
+ USD/CHF
+ NZD/USD
Chúng ta sẽ đi chi tiết từng cặp tiền ở bên dưới

2.2 Cặp tiền tệ chéo

Cặp tiền tệ chéo là các cặp ngoại tệ không chứa đồng đô la Mỹ USD.
Dưới đây là các cặp tiền chéo của 3 loại tiền tệ lớn là Euro, Yên Nhật và Bảng Anh.
+ EUJPY
+ GBP/JPY
+ GBP/AUD
+ EUAUD
+ EUCAD
+ GBP/CAD
….
Trong đó, cặp tiền thông dụng nhất đối với các nhà giao dich tiền tệ là GBP/JPY, EUJPY và cả GBP/USD.
Riêng đối với cặp GBP/JPY là một trong những cặp tiền tệ được các trader thích mạo hiểm vô cùng ưa thích, vì biên động dao động lớn, dễ kiếm lợi nhuận. Và bởi vì lý do là nó biến động lớn và mạnh. Các tín hiệu mua bán của nó rõ ràng và mạnh mẽ, cũng như biên độ dao động lớn. Các nhà giao dịch tiền tệ mua bán GBP/JPY để thu lợi nhuận, nhưng con dao nào cũng có hai lưỡi. Việc thua lỗ cũng cao hơn nhiều.

3. Các cặp tiền tệ chính nào được giao dịch nhiều nhất

Trong số 7 cặp tiền chính, EUUSD là cặp tiền thông dụng nhất và có khối lượng giao dịch lớn nhất.
Thực tế cho thấy có trên 70% các giao dịch trong thị trường forex tập trung vào cặp EUUSD. Nhưng điều đó không có nghĩa rằng có đến 70% người tham gia giao dịch cặp tiền này
Các nhà giao dịch ngoại tệ cá nhân chỉ là một số lượng rất nhỏ của thị trường. Các giao dịch lớn được thực hiện do các Ngân hàng Trung ương và các liên ngân hàng.
Chúng ta cùng đi chi tiết từng cặp tiền tệ chính:
+ EUUSD: đây là cặp tiền chiếm hơn 70% lượng giao dịch trên thế giới, cũng là cặp tiền phổ biến nhất trong giao dịch forex vì cặp tiền có sự biến động cao và giá cao. Trong sự Giao dịch, cặp tiền EUUSD có tiền tệ chính là EUR (Euro) và tiền tệ tham chiếu là USD (US Dollar).
Biểu đồ tỷ giá của cặp ngoại hối EUUSD trong thị trường ngoại hối.
+ GBP/USD có tiền tệ chính là GBP (British Pound), tức tiền Bảng của nước Anh và tiền tệ tham chiếu là USD.
+ USD/JPY: có tiền tệ chính là USD (US Dollar) và tiền tệ tham chiếu là JPY (Japanese Yen) hoặc tiền yên của Nhật Bản.
+ USD/CHF có tiền tệ chính là USD Dollar Mỹ và tiền tệ tham chiếu là CHF (Swiss Franc) tiền tệ của nước Thủy Sĩ.
+ USD/CAD có tiền tệ chính là USD Dollar Mỹ và tiền tệ tham chiếu là CAD (Canadian Dollar) tiền tệ của nước Canada được gọi là Dollar Canada.
+ AUD/USD có tiền tệ chính là AUD (Australian Dollar) tiền tệ cua nước Úc và tiền tệ tham chiếu là USD Dollar Mỹ.
+ NZD/USD có tiền tệ chính là NZD (New Zealand Dollar) tiền tệ của nước New Zealand và tiền tệ tham chiếu là USD.
Trên là 7 cặp tiền tệ chính được giao dịch phổ biến nhất trên thị trường ngoại hối, bạn thích giao dịch với các cặp tiền nào? Chắc chắn bạn cũng có danh sách những cặp tiền tệ ưa thích cho riêng mình.
Chúc các bạn may mắn!
Xem thêm: https://kienthucforex.com/cac-cap-tien-te-chinh-trong-thi-truong-forex/
submitted by kienthucforex to u/kienthucforex [link] [comments]

Virus containment hopes support Asian currencies

This is the best tl;dr I could make, original reduced by 69%. (I'm a bot)
Across mainland China there were 2,015 new confirmed infections as of Tuesday, the lowest daily rise since Jan. 30.
The Australian dollar, sensitive to China's fortunes because of Australia's commodity-driven export profile, firmed 0.3% to $0.6728 AUD=D3.
Oil prices, a barometer of global energy demand and so of growth, remain nearly a fifth lower than they were before the outbreak.
The currencies of oil exporters such as Canada and Norway have been hammered, with the krone NOK= shedding 5% this year and the loonie CAD=D3 hitting a four-month low on Monday.
"The main impact of coronavirus for Europe is growth," said Steve Englander, head of global G10 FX research at Standard Chartered.
"The euro area started the year with low growth and an ECB largely out of policy options...(a) bad scenario could see an extension of recent moves and EUUSD may head towards the $1.04/05 lows of the European debt crisis."
Summary Source | FAQ | Feedback | Top keywords: low#1 growth#2 China#3 coronavirus#4 hit#5
Post found in /worldnews and /NotClickBaitNews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

👨‍🏫 Asia Forex and News - 21 August 2019

👨‍🏫 Asia Forex and News - 21 August 2019
- RBNZ Hawkesby said the Bank's big rate cut reduces the chance of QE.
- Dublin refuses to engage with the UK on the plan for no-deal Brexit ~ Irish Times.
- The market corrects some of the negative-risk move seen on Tues though news flow and data were light. JPY the main loser in Asia as US yields rebounded. USD/JPY rose above 106.50, paring most of Tues's losses.
- AUD/USD under modest bid tone on better risk, stronger yuan and secondary domestic data mildly supportive though sellers stepped up around 0.6790.
- USD/CAD dipped with oil gains weighing through the 200dma provided some support. AUD/NZD continues to drift higher.
#AsiaForex #AsianFX #AsiaFX #AsiaForexMarket#AsiaForexNews #ForexTrading #OnlineForex#CurrencieExchange #ForexMarkets #ForexNews

Asia Forex and News - 21 August 2019

submitted by ronykhanfx to TopAsiaFX [link] [comments]

6 Major Currency Pairs

There are many popular currency pairs and there is a difference in outlook in all the major currency pairs and the list is always not definite. The list of 6 major currency pairs which will be presented is not best to worst but randomly selecting 6 major currency pairs

1) EUUSD:

Our first pick is EUUSD as it is one of the highest traded forex pairs around the globe. The euro, in this case, is base currency while the us dollar is the quote currency meaning that how many dollars you will need in order to purchase one euro. This currency pair is less volatile than other pairs as both of these currencies are backed by world’s two greatest economies.

2) GBP/USD:

In this currency pair, the GBP is used as base currency and USD as a quote currency showing how many US dollars you will be needing to purchase one pound. This currency pair is also known as ‘cable’ as they used deep-sea cables in order to transfer price info between New York and London.

3) USD/JPY:

In this case, the difference between the two currencies is very large but still this is a very major currency pair because of the low-interest rate policies of the bank of japan. In this currency pair the USD is used as base currency and JPY as a quote currency showing how many Japanese Yen you will be needing to purchase one US Dollar.

4) USD/CHF:

Just like yen, the Swiss franc is popular for its safe-haven investment that’s is why the Swiss Franc currency is popular among traders as it has lower amount of risk. In this currency pair the USD is used as base currency and CHF as a quote currency showing how many Swiss franc currency you will be needing to purchase one US Dollar.

5) AUD/USD:

In this currency pair, the USD is used as base currency and AUD as a quote currency showing how many Australian Dollars you will be needing to purchase one US Dollar. If you want to start trading between this pair you have to keep updated on the commodities as it tends to affect the overall currency fluctuation in Australian dollars.

6) USD/CAD:

In this currency pair, the USD is used as base currency and CAD as a quote currency showing how many Canadian Dollars you will be needing to purchase one US Dollar. The value of Canadian dollars depends on the price of oil as Canada’s main export is Oil. So when trading keeping price of oil in mind can drastically change the overall result.
Want know more please visit our Website : Signal Skyline
submitted by Andrew-Mark to u/Andrew-Mark [link] [comments]

The expert traders can obtain the economics news right at the releasing time

Everyday records the news of approximately 7 pieces of data from 8 popular currencies, including EUR, USD, GBP, JPY, CHF, CAD, AUD, NZD from respective nations. The expert traders can obtain the economics news right at the releasing time. Then, those traders will know the most suitable information and the advantages of those to their FX trading strategies.
#brokersguru #FanaraFilippo #best_forex_brokers
submitted by bestforexbrokersguru to u/bestforexbrokersguru [link] [comments]

ITT: I teach you how simple it is to trade Fundemental Analysis

I did one for technical analysis, so here's one for fundemental analysis (here is the previous thread: http://www.reddit.com/Forex/comments/2nc2dt/itt_i_teach_you_how_simple_it_is_to_make_money_in/ )
Steps:
  1. Realize that Fundemental Analysis is extremely important to the success of a trader who trades the Daily and above timeframes. The goal is to make sure that the trend from TA lines up with the view from FA. (ie. Bullish FA + Bullish TA= success).
  2. Go to http://www.forexfactory.com/calendar.php to view all news events. Change the settings to show only [RED] expected impact. We mainly care about Inflation, Central Banks, and Speeches. Red just means high volatility upon release.
  3. The BIGGEST problem most people have with trading FA is that they think EVERY red news is important. That is FALSE. We mainly care about the Central Banks and what they do with any Stimulus, Interest Rates, and Inflation. These are the 3 holy grails for trading FA. The Central Bank are the ones who calls the shots.
  4. Go to www.investopedia.com and learn what Central banks montary statements, Quantiative Easing, Interest Rates, and Inflation really is. You want to know how the market reacts to a Quantiative easing, highelower intrest rates or inflation, ect ect ect.
  5. Every month or so, a country will release a statement that's given by the central bank. You will need to read these statements, and trust me it's not hard. It's only once a month for each currency for gods sakes.

    Currency|BankName

    EUR: ECB

    USD: FOMC

    AUD: RBA

    NZD: RBNZ

    CAD: BOC

    JPY: BOJ

    GBP: BOE

  6. Click on this image: http://prntscr.com/5vixoy .

    The Red box is what you click on to bring down more information.

    The Pink box is a basic outline of what that news event is.

    The blue box is the important one. This is where 3rd party news articles about that news event is posted. (i prefer bloomberg and reuters).

    Click on any of them to read it. Notice that they fill up with 3rd party articles AFTER the news release (duh).
  7. The point isn't to trade before the central bank news release, but AFTERWARDS. You want to know what the central bank is thinking. An example: Doing a Quantitative easing will cause the value of a currency to fall, since USD did 3 quantitative easing in the past, this happened: http://prntscr.com/5tuebl . Notice how when the bank said they WILL do it soon, it caused a rally. We love these rallys. We make $$$ off this shit.
  8. So you basically want to read what they are saying and figure out which direction they are looking towards. Not every country is WANTING to increase the value of their currency. Some care more about inflation, interest rates, unemployment, ect. Reading the central bank statements will TELL YOU. Remember to always keep in mind that market sentiment WILL change based on economic data releases. Meaning if we know USD will be bullish, it's only once certainly bullish IF criteria is met. That criteria may be any of the economic indicators, and if they're NOT met, expect pullbacks. You can either trade these pullbacks (bit risky) or you can use them as opportunities to make trades toward the overall goal of the central bank (Buy USD in this case). Also, don't think that when a central bank says 'we want to increase interest rates in February.' means that they WILL do it in February. If the indicators aren't good, they won't increase it.
  9. Example: BOJ wants to issue a quantitative easing stimulus on 10-31-2014. So, Trebel decides to not use his indicators and decides to short JPY because he learned that doing a Quantiative easing stimulus causes the value of that currency to fall dramatically (not to mention Tecnical analysis says that the trend for JPY is bearish)! Trebel is now happy and can go chase some big booties with his money.
  10. Example 2: SilkyBrah decides to buy JPY because they had good unemployment numbers , but later he finds out he got margin called. WHY?! Because JPY doesn't care about their unemployment numbers like USA does, they care about something else. SilkyBrah will next time read the central bank statement to know what event is important for that country.
Some of you probably don't understand WHICH news event is from the central bank, so here's a picture: http://prntscr.com/5vj12g
EDIT: I tried to dumb this down as much as possible.
Thanks for the Reddit gild/gold whoever it was. No idea what I do with them though lol
EDIT2: Okay. Bloomberg's new website layout is beyond horrible. I now will use Reuters and other competitors instead.
submitted by masudhossain to Forex [link] [comments]

Forex Trading, AudCad Result - YouTube FXG Analysis: AUD.CAD forex daily analysis EUR/GBP - NZD/USD - NZD/CAD - AUD/CAD ... AUD/CAD Trade Analysis #TradeIn60Seconds AUD/CAD Today H1, Analysis, Forecast AUD CAD And AUD CHF Weekly Technical Analysis  Forex ... forex weekly analysis(nasdaq and aud/cad) - YouTube

TD on the commodity currency trade TD recommends buying AUD/CAD with a target of 0.9520 and a stop at 0.9230 in its weekly FX pick. "We think CAD might have some ground to give up on the non ... Detailed AUD CAD forecast as well as a Australian Dollar Canadian Dollar technical analysis through moving averages, buy/sell signals, and common chart indicators. Breaking News Ad-Free Version . In today’s analysis, I am going to have a closer look at AUD/CAD. There was strong macroeconomic news released in the Asian session today. It was the AUD Cash Rate and RBA Rate Statement. Then later, there was the Annual Budget Release. All those were strong news which affected the AUD and caused the strong sell-off. When there is a new trend like we see now, I am always interested in what ... AUD/CAD live exchange rate, Charts, Forecasts, News and Macro Data. Everything you need to know about the currency pair. Erhalten Sie aktuelle Marktinfos zum AUD/CAD, inklusive AUD CAD Live-Kurs, Nachrichten, Australischer Dollar und Kanadischer Dollar Prognosen und Analysen. Find the current Australian Dollar Canadian Dollar rate and access to our AUD CAD converter, charts, historical data, news, and more. Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.54% 🇨🇦CAD: -0.23% 🇦🇺AUD: -0.27% 🇨🇭CHF: -0.35% 🇪🇺EUR ... FOREX.com is a trading name of GAIN Capital - FOREX.com Canada Limited, 135 US Hwy 202/206, Bedminster, NJ 07921, USA is a member of the Investment Industry Regulatory Organization of Canada and Member of the Canadian Investor Protection Fund. GAIN Capital Group LLC is a wholly-owned subsidiary of StoneX Group Inc. AUD CAD correlation table. See how Australian Dollar - Canadian Dollar correlated to stock indices, other currencies, commodities and metals. Latest: United Kingdom 16:15 BoE MPC Member Cunliffe Speaks Forecast: 0 Latest: Japan 01:30 BoJ Board Member Kataoka Speaks Forecast: 0 Latest: Thailand 03:51 GDP Annual Forecast: 0 % Actual: 2.4%. Latest: Japan 01:30 BoJ Board Member Masai Speaks ... aud-cad has been on bearish trend (starting point at beginning of august-2020). currently chart is in pullback / retracement phase, where it is also forming bearish bat pattern on h-4 and higher time frame. which gives us sell opportunity at previous structure resistance. advanced pattern combined with current trend adds more confirmation to bearish trade. sell...

[index] [29014] [27395] [19901] [27618] [1451] [26580] [24795] [11641] [13080] [23935]

Forex Trading, AudCad Result - YouTube

forex analysis today 26/10/2020 technical analysis EURGBP - NZDUSD - NZDCAD - AUDCAD #fx #forex #trading AUD CAD And AUD CHF Weekly Technical Analysis Forex Trading Strategy Hey guy's, thank you very much for checking on us today and in th... This is team FXG's full analysis on the Australian Dollar verses the Canadian Dollar posted back on Jan. 24th. This signal showcases the technical analysis s... Published on Jul 30, 2019 With his new toy @analystphil presents his analysis on $AUDCAD as it shifts below a key support level 👀📈💰 #audcad #forex #trading #forextrader #forextrading... we have great oppurtunity for the week cause most of the pairs are ready.even gold and it broke the continuation pattern so check the video out to see how th... Forex Trade Result Audcad 4 October 2020 ..... The pair went further down hit my sl before making its way up.. Made an early entry and paid t... AUD/CAD Today H1, Analysis, Forecast Updates, analysis and trading ideas about the market on H1 time frame #forex#gold#audcad.

http://binaryoptiontrade.todeclo.tk