Business strategy

 Determining the trend is the number one task of any currency trader. Some manage to go against the current trend in some way, but this is mostly a losing option. It is better to wait for a good moment when you can enter the market. In this article, we will discuss what trend channels are and how they relate to the financial market. What is a trend? A trend is like a map that you need to follow to make a profit. If we know which way the quotes are moving, this data can be used for our purposes. This is the main information that we can use to master the world. Or at least make some money. A channel is a trend boundary whose breakout means a change in the trend. This is very well depicted in the drawing from Jack Schwager's book " Technical analysis. Full course”. In this figure, we see a downward trend (that is, one in which the value of an asset decreases). What do we know from this picture? 1. If we open any deal for sale in mid-December, we can make a profit for at least 5 m...

Scammers 10 brokers: review of a scam project What is our rating brokers for? Choosing a broker for Forex trading is a very important task, because entrusting money to a fraudster means simply losing it. Scammers pretending to be decent brokers are becoming more and more numerous, and the 10 brokers Scam is one of them. In this review, we will study the reviews of 10 brokers and the main information about this company, and come to a final conclusion whether it can be trusted or not. About the company The brokerage organization 10 brokers is a fairly young company, the year of its beginning is considered to be 2017. There is not much information about the location of the headquarters – we only know that it is located in Estonia. On the one hand, being located in an EU member state (if this is true at all) is a good thing, because most scammers are offshore brokers based somewhere in the Caribbean. On the other hand, the lack of accurate data regarding the address is a sign that the scam...

 Patterns are a set of specific patterns of market price movement. As you know, there is an important, and perhaps the main postulate of working in the Forex currency market, which tells us that history repeats itself almost always. Therefore, the price chart will contain certain figures that were once in history and are more likely to occur in the future. This way we can calculate the price direction. Usually, patterns are classified into reversal and further continuation patterns. The first is a "beacon" confirming the continuation of the trend, the second, respectively, for its change. The "Zigzag" figure The zigzag figure is often drawn when the price is correcting the price or at the beginning of a trend. The "Triangle" figure can Be descending (the so-called resistance line looks to the South) and ascending (respectively, the support line points to the South). The triangle can also be either narrowing or expanding. U-turn shapes "Double vertex...

Forex indicators are quite simple and attractive ways to understand what is happening at the moment in the financial market. Of course, they can not predict all the variety of changes, but they can give a signal that you need to enter or exit the market. You don't need to be too trusting about the indicators, but why not take their opinion into account? Today we will talk about a very simple but effective oscillator (a type of indicator that is designed to understand what is happening during the flat period), which is called the “Williams Percentage range”. Williams percentage range The task of the Williams percentage range is to determine the speed at which prices move. This indicator is quite old, it was invented back in 1973. It allows you to determine the closing price relative to the maximum and minimum values. The question is, why is this necessary? And to determine overbought and oversold. For reference, overbought is the state of the market when the price of a currency has ...

 Aroon is one of the best tools for trading on the foreign exchange market. You can use it to get local highs and lows, thereby acquiring precise points for opening or closing a position. The essence of its work lies in displaying reversals, changes in positions, weakening or strengthening of the trend. And all this is laid down within a single segment specified by the user. This tool is installed directly in the MetaTrader trading platform and is created on the basis of the currency pair that you trade online. Aroon Features Aroon is a tool for transactions that consists of three parameters that make up the entire algorithm of its operation: 1. "Aroonperiod" is the main tool that shows the probability of entering a given position and its directions. It also displays the minimum and maximum price on the chart (the most likely one); 2. "Soundalert" - creates a sound when it is recommended to open a position for convenience in trading; 3. "Meilalert" - creat...

 For beginners who have just decided to try themselves as a trader, it is necessary to create an understanding of what the stock market is. To begin with, you need a basic statement – the stock market is engaged in the turnover of securities. Securities, regardless of the type, give a certain right to own any resources of the enterprise. Their acquisition is possible within the framework of the stock market. In addition, the market is necessary to create a certain relationship between the buyer and seller. It accumulates demand, creating a balance for supply. In other words, by dividing into two sides, the actual price is reached at the time of purchase. Stock exchange: the creation of the concept of trade The reasons for the appearance of exchanges and their role the emergence of trading exchanges is due to 24 brokers who created the first semblance of the current situation in new York. The creation was based on the following factors: the need to quickly connect the interests of t...

What FXCitizen broker can offer? One of the first problems that a novice trader faces is choosing a broker. You might think that this is an easy task, because all you need to do is search for information about the future broker on the Internet. However, there is too much information about brokers to make a correct assessment and choice. Let's just say the competition is very tough! Each broker tries to show its uniqueness to potential clients, and if you are not familiar with your trading needs, you can choose a broker that is absolutely not suitable for you. So to help you make the right choice in choosing a broker, we have analyzed some of the leading brokers. Let's see what FXCitizen Cashback has to offer. According to publicly available information, Alpari was founded in 1998 and today is a leading broker in the Forex market. The broker was one of the first to adopt the popular MetaTrader 4 trading platform, so it is not surprising that FXCitizen is currently the largest Me...