Forex brokers are basically there to give you a trading platform so you can participate in foreign exchange. However, that doesn't mean that giving platforms is their only job. They can also educate you on this financial market and they do it in many ways. This article will discuss some of the ways on how you can learn trading foreign currencies through brokers. One of the best ways to learn from them is by using the same tool that they use to make money. In short, you'll be using the forex trading platform they use. And in case you worry that you might not be ready yet and you might lose a lot of money in the process, there's something you can do to ease your fears. Use a demo account first. A demo account will make you feel like you're simply playing because you won't need real money to start trading.
If they don't have such page, most likely they have a links page instead.
It lets you practice FX on the same platform that you will eventually utilise to connect to the market you want to trade in. Forex brokers can also teach you FX trading through their valuable pieces of free advice. How do you get free advice? Call their customer service department and ask if they have advisers you can consult. However, do this only after you download a demo forex trading platform and account from them. Tell the department that you have some questions related to trading and you'll appreciate it if they can refer you to their free advice team. In most cases you can ask questions that go beyond the use of the platform. Another way to get free advice is by going to the broker's website and looking for an education section. Most forex brokers will have a part of the site specifically dedicated to teaching prospects about FX. If they don't have such page, most likely they have a links page instead. It's where you'll find links to other websites that teach beginners how to trader currency pairs. Finally, learning about FX through forex brokers can be done by account management. This is a case wherein the broker will trade in your place. You will still need to deposit capital in your trading account but the broker will do the trading, taking a cut in your profits as commission. If you choose this option, look at how the broker sets his parameters and imitate his strategies. Imitation, after all, is a great way to learn. Once you get the hang of it, you can start formulating and implementing your own trading strategies.
When the two lines cross we often see a big range day or reversal.
State assets could be affected as well as industries connected to metals and mining. The following monthly chart of the DJIA shows when Saturn has been in Capricorn (red x’s). Notice they have all had significant drops. There could be some type of surprise coming in 2018 from the government or exposing something from the past. There could also be a major breakdown in world affairs or leaders. The following daily chart of the SP500 shows the Jupiter price line (blue) and the Sun/Earth price line (green). Both of these price lines have a history of providing support and resistance. When the two lines cross we often see a big range day or reversal. Note how price went down and stopped on the Sun / Earth Price Line. The blue horizontal lines are the Jupiter price line. The thicker blue line just above price may act as solid resistance to any move up in price.
I continue to watch the 24th harmonic cycle (360 / 24) cycles for short term turns. The brown squares are Sun / Saturn 24 degrees on the following daily chart. The blue vertical lines are 24 cd’s (calendar days). The next hit is March 29, 2018 and May 14, 2018 I have added 3 price lines to this chart. Note the last date, Feb 9th, 2018 was the day of the low and a big range day. These price lines can act as support / resistance. It has been at highs and lows. Note also when they cross often gets a reaction in price on a short-term basis. Also note, near the top of the chart is a light blue line. This is the Neptune Price Line. Note how it has been strong resistance to price but has broken through. It should act as strong support when the market turns down.
Gold started a new Primary cycle on December 12. We are entering the 10th week. December 12 was close to the Mars entering Scorpio mentioned a few weeks ago. We have seen the crest of the nominal 6-week cycle on January 25th and then a nominal 6 week cycle trough. To continue up, Gold needs to move above the Jan 25 high. Price is between the 45 sma and the 15 day sma. The 15 sma is curling over while the 45 day sma is moving up. Most charts we include are based on geocentric or Earth centered charts. We can also look at the Zodiac using heliocentric or Sun centered astrology. We often see a move in Gold when heliocentric Mercury enters heliocentric Sagittarius. It did so on January 19th and will be there until January 29. This can be a time of volatility and change for both stocks and precious metals.
The following chart shows seasonal tendencies for Gold. The 2nd half of the year, on average, is up. The longer term.7.4 Year cycle is shown in the following weekly chart. Note we are still early in the latest 7.4 year cycle. The following chart shows a 27 cd (calendar day) cycle (blue vertical lines). The red lines headed up are the Mars price lines. We went through the Mars price line. Moving below the dark red Mars price line was bearish now we need to move above the Mars price line. It may hit resistance. Watch for resistance around the Mars price line (dark red). Looking at this whole chart it is based on a 24 harmonic. If you count each line from one darker red line to the next you will find there are 15 of them. 360 degrees. Note price went down to Dec 12 where it bounced off a Mars Price Line. The following daily chart of Gold shows the days Mars is entering a new sign (red squares). 3 td’s (trading days). The last date was Jan 26th. These can be at highs or lows.
Dec 8 was Mars entering Scorpio the sign that it rules. Note on the chart, Mars changing signs, to any sign, often has a change in trend in Gold price. The blue circles highlight when Mars enters Scorpio, the sign that it rules. We were looking at October 6th as being the trough of the previous Primary cycle. The new Primary cycle started on February 9th. (see my note above on extending the Primary ctcles). We are two weeks along, remembering we often get a pullback near the 1st 2 - 3 week period of a New Primary. Crude price has moved above the 45 day sma and the 15 day sma. It is quite possible we make another low or at least attempt a low. Neptune rules Pisces, the sign it is currently in and Jupiter is the co-ruler. The horizontal blue lines on the chart below are the average longitude of the planets Jupiter, Saturn, Uranus, Neptune and Pluto (blue).
Note how price stopped on August 1 and August 31, right on the average longitude. See it again on Sept 14 and now Jan 16, 2018 which was also a 27 td (trading day’s). December 2nd was the Jupiter waning trine Neptune. Watch the red Fibonacci retracement lines and the blue planetary averages. Crude price is currently moving up I had expected some resistance at this level. On the following daily chart of crude note the green lines sloping up. This is the price line for the Sun/Earth. The blue lines moving horizontal is the Pluto price line (blue). The Pluto price line acted as support on Nov.15th and at the main Pluto price line price (dark blue) has hit resistance. Crude price went through approx. 3 Pluto price lines and now bounced up and stopped on the Sun price line (green). We may get resistance here and possible move down. Note how price often follows the Sun price line up and often stops and reverses at the Pluto price line. Watch Feb 27th where the Sun price line crosses the Pluto price line. We often see a big range day or change in trend.
Forex Trading Time
An online broker is your window to the world of currency trading and for you to be successful it is very important that you choose a forex foreign exchange broker with utmost care and a lot of research. Here are some of the tips that can help you in finding a good broker which provides a trading platform that is suited to your style of trading. Spread can be defined as the difference between the amount for which you can buy or sell a currency at a particular time. One must understand that since currency trading is not done on a central exchange, there can be difference in spreads depending on the kind of forex broker being used. There are forex brokers which have fixed spreads, then there are those which have variable spreads or which have two spread values: one for the day and one for the night. It is generally a good idea to go a broker which has a fixed spread value.
This relates to the time that is taken to execute a particular trade. It is also concerned with automatic execution of trades, order execution time and quote time. In order to analyze a broker's trade execution time you can open a demo account and give their platform a test drive. Leverage is defined as the ratio between the total capital available for trading and your actual account capital. Forex brokers generally offer a flexible range of leverage to all their clients. They offer clients the flexibility of choosing their leverage ratio at the time of placing an order or executing a trade. Another important thing that needs to be evaluated at the time of choosing a forex broker is the kind of trading platform being offered by the forex broker. A good trading platform is the one that shows live prices instead of indicative quotes at the time of trading. It also has options that allow you to put limit and stop orders. Support is another critical factor that comes into play at the time of choosing a forex broker. Since the currency market is a 24 hour market, it is important that your broker provides 24 hour customer support. Apart from this the broker of your choice should also provide customer support through phone, email and online chat. These are some of the tips that need to be taken into consideration while selecting a forex foreign exchange broker.
Trading Psychology Weblog mentioned an interesting relationship between bonds and stocks from 2003 to the present. Of the twenty days that were strongest in stocks (SPX), sixteen of those exhibited declining bond prices. Of the twenty weakest days in stocks, thirteen showed rising bond prices. It appears to be a kind of flight from/to quality phenomenon: When stocks drop, money goes into fixed income and vice versa. This led me to wonder if we might see different expectations when strong and weak days in stocks are accompanied by strength or weakness among bonds. 760), we had 195 days in which SPX was up by .50% or more. The next two days, the market averaged a loss of -.10% (96 up; 99 down), much worse than the .17% average gain (311 up, 254 down) in the rest of the sample. This is the weakness following strength pattern that we've noticed before.
Now, however, let's conduct a median split and compare strong SPX/strong bond days to strong SPX/weak bond days. 98), the market averaged a two-day loss of -.23% (46 up, 52 down). 97), the market averaged a two-day gain of .02% (50 up, 47 down). Interestingly, days in which both stocks and bonds are strong have been followed by noteworthy two-day weakness. To the extent that fixed income might serve as an alternative to stocks, a rally in both stocks and bonds would represent general optimism regarding financial assets and a putting of money to work in those sectors. When stocks are strong but bonds weak, we might be seeing a mere transfer of assets within the universe of financial instruments. When traders are overly optimistic about the financials, stocks have tended to correct over the short term. Ironically, a market rally on lower interest rates--a seemingly positive development--has led to subnormal returns near term. Tomorrow I'll look at SPX weakness vis a vis bonds.
OPPORTUNITIES IN FOREX: WHAT'S YOUR OPINION?
If you've ever traveled overseas, you've made a forex transaction. Take a trip to France and you convert your pounds into euros. When you do this, the forex exchange rate between the two currencies—based on supply and demand—determines how many euros you get for your pounds. And the exchange rate fluctuates continuously. A single pound on Monday could get you 1.19 euros. On Tuesday, 1.20 euros. This tiny change may not seem like a big deal. But think of it on a bigger scale. A large international company may need to pay overseas employees. Imagine what that could do to the bottom line if, like in the example above, simply exchanging one currency for another costs you more depending on when you do it? These few pennies add up quickly. In both cases, you—as a traveler or a business owner—may want to hold your money until the forex exchange rate is more favorable. OPPORTUNITIES IN FOREX: WHAT'S YOUR OPINION? Just like stocks, you can trade currency based on what you think its value is (or where it's headed). But the big difference with forex is that you can trade up or down just as easily.
If you think a currency will increase in value, you can buy it. If you think it will decrease, you can sell it. With a market this large, finding a buyer when you're selling and a seller when you're buying is much easier than in in other markets. Maybe you hear on the news that China is devaluing its currency to draw more foreign business into its country. If you think that trend will continue, you could make a forex trade by selling the Chinese currency against another currency, say, the US dollar. The more the Chinese currency devalues against the US dollar, the higher your profits. If the Chinese currency increases in value while you have your sell position open, then your losses increase and you want to get out of the trade. Past Performance: Past Performance is not an indicator of future results. You have an opinion. Open your free forex demo platform and trade your opinion.
All forex trades involve two currencies because you're betting on the value of a currency against another. Think of EUR/USD, the most-traded currency pair in the world. EUR, the first currency in the pair, is the base, and USD, the second, is the counter. When you see a price quoted on your platform, that price is how much one euro is worth in US dollars. You always see two prices because one is the buy price and one is the sell. The difference between the two is the spread. When you click buy or sell, you are buying or selling the first currency in the pair. Let's say you think the euro will increase in value against the US dollar. Your pair is EUR/USD. Since the euro is first, and you think it will go up, you buy EUR/USD. If you think the euro will drop in value against the US dollar, you sell EUR/USD. If the EUR/USD buy price is 0.70644 and the sell price is 0.70640, then the spread is 0.4 pips. If the trade moves in your favor (or against you), then, once you cover the spread, you could make a profit (or loss) on your trade.
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Topic title: Learning FX Trading Through Their Ways
Topic covered: automated trading system, bforex trading, foreign exchange currency trading, forex n, forex pro
