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1
General Discussion / Wednesday is the FED funds rate decision
« Last post by EasyStreet4 on December 15, 2018, 06:43:38 PM »
Lots of volatility expected.

USD may take a breather until the new year.
2
General Discussion / Watch the Japanese Yen
« Last post by EasyStreet4 on December 15, 2018, 06:27:18 PM »
A strengthening Yen is imminent if the global market continues down.

Short EUR/JPY for best coverage.  You won't lose anything on the daily rollover.


3
Forex & Marketing related business / Best Forex Broker in the US
« Last post by ElonMusk80 on December 12, 2018, 06:33:59 PM »
Trade with the best Forex Broker in the US.
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4
General Discussion / Trading Guide for Beginners
« Last post by RayGunn on December 11, 2018, 10:14:40 AM »
This guide will help all beginners better understand how they can make better market predictions and, thus, better trades.

And the best things is this applies for Cryptocurrencies or FIAT currencies.

1. Understanding the Economic factors
In order to better understand what drives the currency prices, we first need to learn some basic currency economics. If you are familiar with investment markets, you will probably know some of these concepts. Others, however, are unique to the currency markets.

The basic factors that affect the price movements of a currency are the following:
  • Supply & Demand
  • Utility
  • Market Sentiment
  • Mining Difficulty
2. Order Book & Stop Losses
Now that we understand the importance market sentiment over time has on currency prices, we will talk about the essential knowledge one needs to have to make successful trades, the order book and stop losses.

2.1. Order Book
An order book shows traders all the buy and sell orders that have been placed at different price levels for a certain currency. The order books can be accessed through your exchange, are always updated in real time and can be utilised to provide an indication of liquidity for a currency. Liquidity stands for the capability of a currency to be purchased and sold efficiently without affecting the price. The higher the volume of trading, the higher the liquidity.

2.2. Stop Loss
A stop loss sell order is placed on a currency trade in the rather unfortunate case it reaches a certain price below the buy-in. This tool is used to employ calculated risk management and can help traders limit their losses in case these are about to happen due to the volatility of the market.

A stop loss buy order allows a trader to sell and collect profits when his currency hits a certain price above the initial buy-in price. This method of selling is very useful to avoid emotional trading and still acquire profits in volatile periods.

3. Technical analysis
After understanding the market sentiment and how to setup our trades, we will talk about Technical analysis (TA) , which is comprised of several basic tools in the form of graphs and lines. By analysing the historical trends in price movement, technical analysis helps us better predict the price’s future movement.

3.1. Relative Strength Index (RSI)
RSI calculates the speed and strength of a price movement in the market by comparing past and current performance of a currency.

RSI also compares the degree of past gains to past losses in attempt to foresee if a particular currency is oversold or overbought.

The RSI ranges from 0 to 100. A currency is said to be overbought once the RSI starts to approach 70. This suggests that the currency is getting overvalued and so may soon experience a pull back.

3.2. The Moving Average Convergence/Divergence (MACD) Indicator
The MACD indicator consists of two exponentially moving averages that assist on measuring momentum in a certain currency by using the difference between long term and short term trends in price.

These two moving averages as well as the distance between them, becomes the moving average convergence/divergence (MACD).

When the two averages are moving towards each other we have convergence while, when they are moving away from each other we have divergence.

3.3. Bollinger Bands
The Bollinger band is a moving average plotted with two standard deviations on either side. Bollinger bands help with predicting volatility in a currency because it measures market volatility with its standard deviations.

When a certain currency experiences more volatility, the Bollinger Bands become wider, while on periods of more stability, the bands contract and come closer to the average. Bands that look thinner may indicate that the currency market may soon undergo large amounts of volatility.

When the price of a currency comes closer to the edge of the band, it is very likely that it will return back down within the range of the Bollinger bands. Traders use this as a signal to buy or sell their currency with more accuracy.

If you want to learn more about how to trade crypto and FIAT currencies, read this post - https://railsonwave.it/how-to-trade-cryptocurrencies/
5
Forex & Marketing related business / Z Trade
« Last post by BeanTrader24 on December 08, 2018, 11:33:11 PM »
Z Trade is one of the most reputable Brokers in the UK,
& We are regulated by the FCA in the United Kingdom, and offer FX and CFD trading to traders worldwide.


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6
General Discussion / Re: No US Stock market trading today
« Last post by Vihaan87 on December 05, 2018, 01:08:58 PM »
EUR/JPY
7
General Discussion / Re: No US Stock market trading today
« Last post by BrocktheRock78 on December 05, 2018, 11:55:31 AM »
Short NZD/USD
8
Brokers / Signup for Forex Trading in minutes
« Last post by BrocktheRock78 on December 05, 2018, 11:48:59 AM »
Forex.com is the industry standard for quality regulated forex trading in the United States.

If you want to trade with a reputable company with great customer support, Go to Forex.com and get started.




9
General Discussion / No US Stock market trading today
« Last post by moneymaker81 on December 05, 2018, 11:35:00 AM »
US markets are closed in observance of George HW Bush.

But forex is active.

Anyone have good trade ideas?
10
Trading Signals / Trump and China Called a Truce in the Trade War.
« Last post by Jack4580 on December 02, 2018, 05:04:55 PM »
Awesome news!

Is this the bullish reversal we've been waiting for?

EUR/USD rocketing!
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