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10 Unfamiliar Forex Trading Techniques | ZIM LATEST NEWS | Zwnews Zimbabwe News Updates Today

Forex Trading as an activity, income or investment opportunity is flourishing, with an increase in demand almost daily. However, the trading world involves a fair share of complexity which requires that traders establish an adequate trading plan and strategies.

Forex Trading as an activity, income or investment opportunity is flourishing, with an increase in demand almost daily. However, the trading world involves a fair share of complexity which requires that traders establish an adequate trading plan and strategies.

There is a vast array of trading strategies and techniques which can be employed. Most techniques are considered more common, albeit classified as standard where others are more sophisticated, applying uncommon practices and unique techniques.

When considering this, depending on the trading style and trading needs and objectives of the trader, traders are always advised to thoroughly test their strategies before applying them in a live trading environment.

When applying trading strategies, it is necessary for traders to align them with their trading plan and to ensure that they accommodate their trading needs and objectives adequately.

What are the 10 uncommon Forex Trading Techniques worth exploring?

1.   Trading News Sources

Trading according to news sources may be an uncommon practice due to its complexity as it involves reported consensus figures along with whisper numbers which can be defined as the unofficial and unpublished forecasts, along with previous reports.

It is imperative for traders to identify key news releases relevant to their trading along with relevancy towards the currency pair that they are trading or intend to trade.

When trading the news, traders need to identify the releases that they can expect along with knowing which data is important, including interest rates, inflation, and economic growth which can be subdivided into retail sales, manufacturing, and more.

2.   Mass Behavior

This strategy is one of many that greatly considers the behavior of the general mass which employs a signal to either buy or sell a financial instrument depending on whether the demand for it increases or decreases as participants show interest in such.

The general principal surrounding this strategy involves selling the financial instrument should the demand increase and buying only when it decreases with the expectation that a trend will form, and that demand will increase again.

View the best ECN Forex Brokers

3.   Price Action

This strategy describes the price movement of a financial instrument, or a currency pair which is often analyzed when prices are taken into consideration with such in the recent past.

In employing this technique, traders can read the market which enables them to make subjective trading decisions which are based on the most recent and actual price movements.

4.   Trading Volume

The Forex Market is one of the largest and most liquid markets in the world and it relies greatly on volume to move from one price level to another. As result of this, the Forex Market is also the most volatile of all the markets due to such large movement.

When using this strategy, traders need to use a volume indicator which allows the trader to read volume in the Forex market and subsequently predict price movements on currency pairs based on the information provided.

5.   Pivot Trading

When making use of this strategy, Forex traders are provided with potential support and resistance levels along with the advantage to minimize risks involved with trading Forex.

These pivot points indicate when the ideal time would be to enter the market, place stops, and take profits.

The pivot points used reflect a change in the market sentiment along with determining overall trends across a specific time interval with the focus on the important relationships that exist between high, low, and closing prices between trading days.

Pivot points are identified according to specific calculations that help the trader identify important resistance and resistance levels along with support and resistance levels.

The goal is for traders to look for prices that break through these support and resistance levels which signal new trends that may be developing and result in the chance for quick profits.

6.   Trading Psychological Levels

There are key levels in Forex which tend to draw the attention of traders who are participating in the Forex Market. These psychological prices have a habit of tying into the human psyche and the way in which traders think.

These levels are market price levels that are often denoted by round numbers which often act as levels of support and/or resistance.

Due to the fundamental human disposition, humans are said to predominantly value simplicity and in trading terms, it involves valuing whole numbers and using them as entry, exit, or stop levels which can alter order flow as well as price changes.

7.  End of the day’ Trading

This strategy is often used by day traders who understand market reactions and allows them to benefit from the last movements made in the market closer to the time before the market closes for the day.

Closer to the time that the markets close at 5pm New York time, the Forex market is at its most volatile and a lot of traders can use this opportunity to harness the volatility by detecting specific behavior through studying the price action of the previous day.

This allows the trader to speculate on the price movement of the current day based on the trends of the previous trading day. This is, however, a very risky strategy that may lead to substantial losses if the trader speculates incorrectly.

8.   Pattern Trading

Pattern trading relies greatly on the trader’s ability to read charts instead of applying specific indicators. When using this strategy, traders often use ‘necked’ charts which allows for them to read the price movement more accurately.

This results in a more accurate identification of the price movement’s behavior over a longer period, often over a few months or years.

9.   Fool’s Trading

As one of the most uncommon trading strategies, this type of strategy does not involve the evaluation of trading data, but merely requires that the trader hold their current position for as long as possible in the hopes that another trader, or ‘bigger fool’ will buy the position.

10.         Financial Astrology

This type of trading strategy depends on the belief that the financial marketplaces are influenced by planetary activities along with the lunar process.

In guessing the side effects associated with these, traders are guided by such movements in making trading decisions.

Final Thoughts

When considering these trading strategies including all others, it is apparent that traders cannot be guaranteed success in employing or continuously using them.

When entering the Forex Market with the intention of trading Forex, traders need to firstly ensure that they choose a reputable, reliable, and well-regulated broker by conducting extensive research and by comparing various brokers before choosing one.

Exploring the broker’s trading conditions, the trading platform offered along with the trading analysis and tools, amidst others is crucial, and trading strategies should first be thoroughly tested by making use of demo accounts provided by brokers.

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RoboForex adding EOS Cryptocurrency

RoboForex adding EOS Cryptocurrency

RoboForex announced today adding EOS, a cryptocurrency which is now available for trading with the broker on both MT4 and MT5 platforms.

Roboforex added EOS CryptocurrencyCurrently, RoboForex clients have 7 crypto instruments to choose from.

RoboForex keeps expanding its crypto portfolio.

The latest addition is EOSUSD, which is already available to the clients through MT4 and MT5, alongside with six other crypto pairs:


The EOSUSD trading conditions are the following:

  • minimum lot size: 100,
  • minimum increment: 0.01,
  • leverage 5:1.

EOS is a cryptocurrency that was introduced in 2017 and is based on blockchain and smart contracts. Its key features are scalability, decentralized apps, and huge throughput (a few million transaction per second).

This is another step towards developing our crypto portfolio.

Our clients do value the flexibility and state of the art technologies we offer them As for us, our mission is meeting their expectations and constantly improving the trading conditions by opening the door to new instruments and opportunities.

says Denis Golomedov, ;Marketing Director at RoboForex.

Roboforex and Cryptocurrency

This Broker has been on the forefront of crypto trading on the Metatrader 4 and Metatrader trading platforms from the beginning and pushing for more and more trad-able assets to be added to their offering .

it took this broker a little bit of time but now that they got them selves into the cryptocurrency trading arena they come to lead the pack. this in combination with their the trading platforms they are offering makes this a broker to take notice of.

as yet there are not enough brokers that offer metatrader 5 and especially one where you are able to trade bitcoin ethereum, litecoin and now also EOS.

About RoboForex

RoboForex is a brokerage company catering to clients from various countries. The broker’s focus is providing the traders with access to its own financial market platforms.

RoboForex Ltd is a licensed company (License No. IFSC/60/271/TS/17).


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Local bitcoin Trader Jailed for Money Laundering

Indicted: Local bitcoin Trader Jailed for Money Laundering

Local Bitcoin trader, Theresa Lynn Tetley, also widely known as Bitcoin Maven has been indicted for indulging in illegal bitcoin-for-cash transactions. According to the Central District of California, the trader has been sentenced to 12 months in prison.

She has also been handed a three-year supervised release and a $20,000 fine. A former real estate investor and stockbroker, the court ordered her to relinquish $292,264.00 in cash, 25 assorted gold bars, and 40 bitcoin.

money launderingTetley pled guilty to one count of operating an unlicensed money exchange business, and another related to money laundering. Her case is the first of its kind in the Central District of California.

Tetley was procedurally supposed to register her business with the Financial Crimes Enforcement Network, an agency of the United States Department of the Treasury.

The agency is responsible for analyzing transactions to curb money laundering and related financial crimes. She also failed to implement standard anti-money laundering protocol, including reporting of certain financial sources as per the requirements of this type of business.

Tetley is said to have traded over $6 million for clients within the United States and charged higher rates as compared to other traders within the LocalBitcoins platform.

Also noted in the court documents was that Theresa Lynn laundered bitcoin for a customer who had been suspected of having acquired the cryptocurrency through illegal activities, including drug sales on the dark web.

She also carried out a bitcoin to cash transaction for an undercover agent who had explicitly declared that his bitcoin was tied to narco-trafficking operations.

According to the report, Tetley’s service was responsible for fueling the growing use of cryptocurrencies to launder money and supported a black market system set up purposely to circumvent the law.

The organizations involved in her investigation included the IRS Criminal Investigation and the Drug Enforcement Administration.

Just One of Many

That said, the government has been committing significant resources to counter the crypto – dark web menace, and earlier this month, a major sting operation was carried out against a major money laundering network. Thirty-five suspects were arrested.

One individual, identified as John Edward Monette, was charged with Conspiracy to Distribute a Controlled Substance. He was also alleged to have carried out numerous bitcoin for cash exchange transactions on the dark web, most of them in 2017 and totaling about $19,000.

Another dark web vendor busted during the operation, Ryan Farace, 34 was indicted for being involved in an alprazolam tablets manufacture and distribution scheme.

He sold the drugs on the dark web, with all transactions being made in bitcoin. Additional digital currency money laundering transactions were made to conceal the sources.

Article Originally Published:

By ELIZABETH GAIL at Coincentral


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Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.


Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Visit . for more interesting Infographics

Guys did an amazing job and was allowed to share.


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