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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as it involves reported consensus figures along with whisper numbers which can be defined as the unofficial and unpublished forecasts, along with previous reports.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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Statements about Cryptocurrency

Statements about Cryptocurrency

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements about Cryptocurrency

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on.

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the “FOMO” mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of “us against the world” is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

Statements about Cryptocurrency

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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