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STR Capital Review

September 27, 2020 at 8:12 am

STR Capital Highlights

STR Capital is a global CFD broker created as a way for traders to get involved in a wide range of CFDs, using a user-friendly yet cutting-edge platform. The brand is constantly upgrading its services in order to provide customers with an ever-expanding asset selection, 5-star support, and personal assistance.

STR Capital uses multiple security protocols to protect personal data and money from unwanted threats, while also investing a lot of resources to keep the web-based trading platform optimized and always ready to give access to the market from any location. Our STR Capital review will highlight some of the most important features provided and ultimately, it will be up to every person to decide if this is the right CFD broker to work with.

Trading Software

The STR Capital web trading platform is unique software, the interface is futuristic and advanced, optimized so traders will be able to select and use the tools they need without any major hurdles. It includes advanced charting, multiple order types, risk management tools, and all the usual trading tools traders expect from a platform.

STR Capital platform

 

On top of that, the STR Capital platform integrates live TV, market news, and several useful sections like Gainers & Losers, Favorites, and Alerts, to keep track of the preferred assets. Traders can make fast deposits, request a withdrawal, view profile, and plenty of other operations, considering the platform is the place where all the activities will occur.

STR Capital Assets

When it comes to asset coverage, STR Capital is proud to say that it supports a broad range of instruments, including CFDs on Forex, crypto, indices, commodities, stocks from the USA, Australia, Canada, and Europe, and also, ETFs and bonds.

STR Capital assets

 

With such broad coverage, it is convenient to build a diversified portfolio of assets and take advantage of different market developments. Since these are CFDs, you can go long or short, without any restrictions. The maximum leverage is 1:200 for FX but drops to as low as 1:5 for instruments like crypto and stocks. Spreads are variable and will also depend on the account type chosen.

Account Types

The STR Capital account types offer is diversified, including 6 different options:

–          Basic

–          Silver

–          Gold

–          Platinum

–          Diamond

–          Millioner Club.

To open a Basic account, a minimum 500 Euros deposit will be required and in exchange, customers get access to Trading Alerts, up to 10% loyalty bonus, once a day signals, daily market review, and up to 2 weeks assistance from the account manager.

Traders willing to deposit more are incentivized with enhanced features. They can benefit from advanced charts, exclusive updates, up to 100% loyalty bonus, savings account, unlimited support from an account manager, money management, and a group of analysts.

Deposits can be made using a credit/debit card, while in the case of withdrawals, all traders are required to pass the verification process first. The STR Capital account policy highlights all the important steps that must be taken to get an account verified. Check it out to see what documents you need to provide.

With so many different options available each trader can find the right account type, depending on personal finances and trading objectives. All accounts get access to the same number of trading instruments.

Education

STR Capital pays close attention to providing its clients with updated educational resources and market information. Because of that, traders can benefit from trading alerts and signals, daily market reviews, assistance from an account manager, money management services, and the expertise of a group of analysts. Also, the broker provides basic educational resources about topics like History of Finance, trading basics, trends, assets, and indicators.

 

Using its expertise in the online trading world, STR Capital had managed to develop a unique trading offer, built around a proprietary trading software. Traders that fancy this type of solution will find the ecosystem very attractive. Also, there are many different CFD instruments to trade on, opening up access to a broad range of markets.

STR Capital looks like a broker fully committed to work on clients’ behalf, constantly making sure they get all the resources needed to tackle the markets in optimal conditions. For more information on the trading services provided by the broker, feel free to check its website, or contact the customer support service.

STR Capital Conclusion

Using its expertise in the online trading world, STR Capital had managed to develop a unique trading offer, built around a proprietary trading software. Traders that fancy this type of solution will find the ecosystem very attractive. Also, there are many different CFD instruments to trade on, opening up access to a broad range of markets.

STR Capital looks like a broker fully committed to work on clients’ behalf, constantly making sure they get all the resources needed to tackle the markets in optimal conditions. For more information on the trading services provided by the broker, feel free to check its website, or contact the customer support service.

ClickTrades Review

September 24, 2020 at 8:54 am

ClickTrades Highlights

A website operated by KW Investments Limited, clicktrades.com is authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number SD020. The broker offers access to more than 2,100 instruments, ranging from CFDs on Forex, shares, blends, indices, commodities, cryptocurrencies, bonds, and ETFs.

Trading with ClickTrades opens access to numerous trading benefits, including competitive spreads, trusted trading software, educational resources, and premium trading tools such as Trading Central.

With years of experience in the CFD trading industry, ClickTrades earned a solid reputation and it is now operating for customers based in different countries, except for Japan, Canada, the USA, and other restricted areas.

ClickTrades logo

Our ClickTrades review will explore some of the main benefits and will try to provide enough resources for someone to decide whether this is the right trading partner to work with.

Trading Software

At ClickTrades traders are able to choose between two trusted platforms to make their trading journey one to remember. We begin with the ClickTrades WebTrader, a versatile and customizable platform, offering access to the markets via any device supporting a modern browser. Since it integrates analytical tools, multiple charting techniques, and some other extra features, traders are currently using it extensively.

ClickTrades trading software

Available on both desktop (Windows and Mac) and mobile (Android), while also integrating the popular Trading Central, WebTrader is an excellent package of resources for analysis and recommendations provided by financial experts.

To make sure that its offer is complete and diverse, ClickTrades has also introduced support for the popular MetaTrader 5. Intuitive and user-friendly, with diverse execution modes, a wide range of analytical tools, lightning-fast trading execution, and the ability to use Expert Advisors, MT5 is one of the top picks among retail CFD traders. They can download it for Desktop, or get the app from Google Play to use it on mobile, as well.

ClickTrades Assets          

Traders working with ClickTrades have the ability to get involved in more than 2,100 assets, including CFDs on forex, shares, blends, indices, commodities, cryptocurrencies, bonds, and ETFs. As all financial markets have been active this year, trading with this brand means you will be able to diversify.

In terms of conditions, the ClickTrades forex trading offer comes with fixed/variable spreads and up to 1:300 leverage. For all other asset classes, spreads are variable and the leverage decreases, depending on the instruments. The broker had also introduced a 0-commission trading offer, which further enhances the competitiveness of the trading costs.

You can trade CFDs on stocks from the healthcare sector, some that are related to COVID-19 vaccines, and try to benefit from the increased volatility. Or you can get involved in CFDs on indices, ETFs, FX, or bonds, in case you want to deal in some of the most popular markets.

ClickTrades assets

Account Types

Essential, Original, and Signature are the three account types currently available with ClickTrades. Each will require a certain initial deposit and at the same time, will provide access to proportionate trading features and functionalities. The trading schedule is from Monday to Friday, including cryptocurrencies.

Traders can test strategies on a demo account and benefit from different resources provided by the broker to get more educated or to get more insights into the market performance. When it comes to Trading Central, only Signature account holders will get access to it. At the same time, most Premium trading conditions will be available for these clients.

Education

ClickTrades definitely considers trading education seriously, as the brand currently provides access to comprehensive resources, including full access to a video library, daily market news & financial research, daily analyst recommendations from a 3rd party, support from a dedicated account representative, or one-to-one meetings with an account representative.

If you are a beginner or an intermediate trader, these educational tools will serve along the way as a great inspiration and will provide quality information to enhance your skills.

 

ClickTrades Conclusion

After considering most of the important trading features provided by ClickTrades, we can conclude the broker is trusted and offers combative trading conditions for its customers.

Backed by a renowned financial investment company, ClickTrades positioned itself as one of the biggest trading brands in this industry.

We can recommend it to anyone looking to trade CFDs and aiming to get involved in different markets with ease. There is absolutely no reason to believe ClickTrades is a scam, given its transparency and commitment to the highest regulatory standards.

 

Risk Warning: The materials contained on this document are not made by ClickTrades but by an independent third party and should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. Trading CDF’s involves significant risk of loss

 

TRADE.com Review

September 21, 2020 at 5:17 am

TRADE.com Highlights

TRADE.com is a trade name operated by Trade Capital Markets (TCM) Ltd, which is regulated by CySEC and South Africa’s FSCA, and by Livemarkets Limited, it’s authorized and regulated in the United Kingdom by the Financial Conduct Authority (FCA).

Since the brand follows very strict guidelines with regards to clients’ funds and the highest standard of account management service, TRADE.com has built itself a solid reputation in the online trading industry.

Its services cover CFDs, Thematic Portfolios, IPOs, and Asset Management. This TRADE.com review will focus mainly on the forex and CFDs offer since that’s one of the most demanded offers at present.

 

Trading Software

One of the best news for traders wanting to work with TRADE.com comes from the fact that the broker supports multiple platforms. We should first talk about WebTrader, the proprietary platform that is constantly upgraded by the broker.

TRADE.com WebTrader

The latest generation includes multi-chart display windows with independent chart functions, mobile compatibility, integrated tools like Trading Central, Events & Trade, and others, secure management tools, style and chart settings, and invaluable access to online assistance 24/5. With the WebTrader, you can trade on more than 2,1000 CFDs, covering a broad range of markets.

On top of it, TRADE.com also provides access to the popular MetaTrader 4, through both desktop and mobile interfaces. Since it has a good reputation, many traders will choose to use the MT4, thanks to a set of features such as automated trading, alerts, and other customization tools.

TRADE.com Assets

If we talk about the CFD assets available with TRADE.com, their offer includes more than 2,100 instruments, including Forex, stocks, indices, commodities, ETFs, bonds, and crypto.

You can go long or short on any of the assets, with spreads starting from as little as 0.4 pips, depending on the account type chosen.

TRADE.com assets

The TRADE.com forex offer stands out, considering there are 55 currency pairs available for trading 24/5, tight spreads, and flexible leverage, depending on the type of clients. Compliant with the latest European regulation, the broker splits clients into Retail and Professional. For retail traders, the maximum leverage for forex is 1:30, while professionals benefit from up to 1:300 leverage.

Aside from forex CFDs, clients can diversify with stocks, indices, or ETFs. At the same time, they can invest in commodities or some of the most popular cryptocurrencies. Lastly, the offer includes some of the top bonds in the world, in case traders want exposure on this market, generally popular among institutional investors.

Account Types

Starting to trade with TRADE.com is very convenient, considering a Micro account can be opened with as little as $100. To ensure a broad diversification, the offer includes Silver, Gold, Platinum, and Exclusive accounts. In exchange for larger deposits, clients will benefit from enhanced trading conditions, including tighter spreads, daily analysis, Events & Trade, dedicated account manager, premium daily analysis, and other helpful features.

Access to the popular Trading Central, a top technical analysis tool currently trending among retail traders, is not ensured for Micro and Silver account holders. Only traders that can qualify for a Professional account will be able to benefit from enhanced trading conditions.

For customers based in the UK, who want to benefit from a capital gains tax exemption and no stamp duty payable, TRADE.com also offers Spread Betting accounts. They can spread bet across forex, commodities, stocks, and cryptocurrencies, with leverage and low commissions, via a user-friendly platform.

Education

Depending on the account type chosen, traders working with TRADE.com can benefit from a multitude of educational resources.

Premium daily analysis, assistance from an account manager, access to the Trading Central, and others are available. We must emphasize Trading Central, because that is currently one of the most efficient technical analysis tools, and thankfully, it is available with TRADE.com, as well.

 

TRADE.com Conclusion

Considering it is a well-established brand, which is regulated by a number of respected financial regulators around the world, TRADE.com is without a doubt one of the more trusted brokers currently active in the market.

It had managed to achieve consistency by offering high-quality services for years in a row, and in the meantime, had managed to accumulate a large customer base.

If you want to trade CFDs or spread bet with TRADE.com, we are glad to say this is a broker you can trust. For more information on what it can offer, feel free to check the official website. That’s where you can see things in greater detail, or get in touch with one of the representatives.

 

HIGH RISK INVESTMENT WARNING: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Q8 Trade Review

September 16, 2020 at 6:46 am

Q8 Trade Highlights

Originally a broker focused on the Middle East and North Africa (MENA region), Q8 Trade had moved away from the former mother company Q8 Securities, as it now has global ambitions. Via cutting-edge technologies, broad instrument coverage, good customer service, and plenty of trading functionalities, the company had announced that 70% of millions of trades end up with success.

The brand name of MARKETFINANCIALS LIMITED, a Seychelles Securities Dealer Licensee, Q8Trade.com is authorized and regulated by the Seychelles Financial Services Authority (FSA) under the license number SD006. At present, the brand does not allow residents in the USA and Canada to open a trading account.

Since this is a broker with high potential, our Q8 Trade Review will highlight some of the most important benefits when choosing to open a trading account.

Q8 Trade logo

Trading Software

Considering Q8 Trade wants to provide clients with the most advanced trading technologies, there are multiple platforms available on the website. The Q8 Trade WebTrader is a browser-based platform optimizing user efficiency and providing innovative trading tools. It has the usual advanced risk management tools, customer support, daily news, and technical analysis.

Secondly, clients will benefit from the world-renowned MetaTrader 5, one of the best-suited platforms for CFD traders. Built on the popularity of its predecessor, MT5 is a multi-functional platform offering the modern trader innovative analysis tools, customizable charts, and a user-friendly interface. You can use it both on desktop and mobile devices.

Lastly, Q8 Trade had developed a proprietary trading app, proving it continues to invest in trading technologies. The app integrates powerful security features to keep accounts safe and secure, customizable charts, hundreds of different tradable assets, and fast deposits/withdrawals.

Q8 Trade mobile app

Q8 Trade Assets

At Q8 Trade you are able to trade a wide range of assets, including currencies, commodities, indices, and stocks. With a maximum of 1:400 leverageand competitive commissions, the Q8 Trade forex trading offer stands out, especially since we consider there is support for tens of different currency pairs.

When it comes to stocks, aside from the companies we are all familiar with, Q8 Trade also has support for stocks from the Middle East, enabling clients to get more diversified. In this case, the maximum leverage is capped at 1:100, and standard spreads are low.

You can trade on a broad range of commodities as well, including natural gas, gold, sugar, cotton, coffee, cocoa, and oil, with up to 1:100 leverage. Lastly, Q8 Trade covers some of the top stock market indices, so traders will have more liquid alternatives to stocks.

 

Account Types

The Q8 Trade plans and benefits include Bronze, Silver, Gold, Platinum, and Diamond accounts. You can start trading with this brand by making a $250 initial deposit. This would be enough to test live trading conditions and at the same time, gain access to other trading features like video content, Hawks Trading Academy, and others.

Making an upgrade will come with a welcome and upgrade trading bonus, while also unlocking access to other trading features. Support from an account manager, eBooks, daily market analysis, and access to trading signals are ensured. Keep in mind that Q8 Trade has partnered with DupliTrade, a service that allows traders to execute trades automatically, based on multiple trading systems.

To deposit funds into a trading account, you can use a credit/debit card, wire transfer, or American express. Same with the used for withdrawals, where the standard fee is set at $30. It could take between 5-10 business until a withdrawal request is reviewed and approved. (In some cases due to client’s bank account, withdrawals might take longer).

Education

Q8 Trade now ensures access to high-quality trading resources thanks to the partnership with the Hawks Trading Academy. That’s a place where you can find webinars, ebooks, articles, and many different trading courses. Its main goal is to enable a road to become a professional trader if you are willing to learn and develop all the required skills.

 

Q8 Trade Conclusion

Backed by multiple years of experience accumulated in the MENA region, Q8 Trade has a lot of potential in achieving its international ambitions. That happens because the broker provides access to a multitude of trading functionalities, and CFD traders will love it. We are proud to award Q8 Trade a high rating and say that this is a brand you can trust.

 

iFOREX Review

September 14, 2020 at 9:30 am

 

iFOREX Highlights

Operated by Formula Investment House Ltd, iFOREX is an online trading brand offering access to 800+ tradable instruments, including currencies, commodities, indices, shares, ETFs, and cryptocurrencies. The iFOREX Group’s European subsidiary is an investment firm licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 143/11.

With more than 8 million total users, 100+ countries services, 35k+ daily transactions, and 15+ supported languages, iFOREX is one of the major global trading brands, having established a long track record in the world of CFDs.

If you want to get more information about the services provided, this iFOREX Review will explore some of the reasons why a CFD trader should work with this broker.

iFOREX logo

 

Trading Software

iFOREX allows customers to trade via a tailor-made trading platform that enables them to fully customize their trading experience while benefiting from innovative trading tools. This versatile platform operates smoothly and securely from any computer, with no download required.

At the same time, it provides an optimal trading experience on mobile, for both Android and iOS users. Through a secure and regulated trading environment, integration of economic calendar and trading signals, advanced live charts and indicators, user-friendly and intuitive interface, and support for multiple devices, the iFOREX is the daily driver for all CFD traders.

It does not matter what trading style you currently have, because this trading software will fit your strategies and trading schedule with ease. Based on the online reviews we’ve seen, the platform benefits from good feedback among customers and that’s an important thing to take into account.

iFOREX platform

iFOREX Assets

Trading with iFOREX means access to more than 800 different CFD instruments, including currencies, indices, shares, ETFs, commodities, and cryptocurrencies. Considering the broad coverage currently available, customers can get involved in many different markets and find opportunities, while having a diversified exposure.

The iFOREX live rates are accurate due to increased liquidity conditions. It does not matter what instruments you want to trade, the broker has made sure that you get access to a variety of assets, and cut your portfolio’s expenses by opening deals on CFDs with competitive spreads.

Aside from the CFD offer, iFOREX offers direct access to global markets and the ability to invest in the price of top stocks. You can trade popular stocks with 0 commission, benefiting from stocks derivatives with a broker that has more than 20 years of experience.

Lastly, you can open a fixed interest account and earn 3% interest. In this case, the minimum deposit is $1,000 and you will need to maintain monthly activity (deposit once a month). The interest is paid monthly, there are no charges from iFOREX, and negative balance protection is granted.

Account Types

It is also important to note that all iFOREX clients will get access to a standard account, regardless of their initial deposit. They will be able to fund an account via credit/debit card, wire transfer, Skrill, or Neteller, using the same methods for withdrawals, as well. On top of that, traders working with the broker will benefit from trading signals, economic calendar, indicators, and trading sentiment (to see what other traders are thinking).

Education

Part of the iFOREX promotions, customers can get access to different educational resources. The Education Package provides access to 1-on-1 training for beginners, exclusive trader guide, and full access to video tutorials. On the other hand, the Pro Package provides access to advanced 1-on-1 training, 2 weeks of free signals, and tight spreads on popular CFDs.

iFOREX education

Informative articles and PDF guides complete a very comprehensive offer designed to help traders with different market experience to further enhance their trading skills. iFOREX is widely known as a broker that pays close attention to education and that has still not changed.

 

iFOREX Conclusion

Having been active in the market for the past 20+ years, iFOREX has built a solid reputation and it is now viewed as a leading trading brand in the industry.

Considering its vast trading experience, there is no reason why we should believe this is a scam. On the contrary, this is a broker to work with if you want to benefit from proprietary software, 800+ instruments, multiple educational resources, and personalized customer support in your native language. Making sure that customers from different countries are given increased attention is one of the reasons why iFOREX benefits from good ratings.

 

Trading financial instruments with margin carries a high level of risk, can work both for and against you, and can result in the loss of part or all of your investment (deposit). You should not invest money that you cannot afford to lose. Should you have any doubts, you should seek advice from an independent and suitably licensed financial advisor. Furthermore, you should ensure that you have sufficient time to manage your investments on an active basis. iFOREX does not provide investment advice and the information provided herein is intended for marketing purposes only and should not be relied upon as investment advice. Any indication of past performance of a financial instrument is not a reliable indicator of current and/or future performance of such financial instrument. Please read our Client Agreement and Risk Warning carefully before conducting any trades.

 

Stop Loss Hunting in Forex

July 24, 2018 at 2:51 pm

If you are not new to forex trading, you have probably heard about the stop loss hunting myth and it can generally influence the way traders perceive the market. That is why in this article we will digest this issue and make clear once and for all if stop loss hunting is true or not and what any forex trader can do in order to avoid being involved in such situations.

Retail trading and conflict of interest

One thing that most of the retail traders do not know is that any broker that lacks regulation and internal ethic is basically functioning as a betting company. This type of broker is literally opening positions on the other side of the market without telling anything to traders.

Also, the broker can see where the majority of people is placing stop losses and take profits, and by widening the spread (the difference between the bid and ask price) is able to trigger stops and thus make clients lose money.

What should a trader do?

You as a trader cannot stop this kind of activity, but you can take some measure in order to protect yourself. You must start to think outside of the box and take precautions, so you won’t work with a broker that does what we have described above.

The first thing to do is to choose a broker regulated by a strong and popular financial watchdog. The Financial Conduct Authority in the UK and the Securities and Exchange Commission in the United States are just two examples with that respect.

Another important aspect is the liquidity provider your broker works with. 5 digits quotes and a clear chart can prove that.

It is also a good thing to check for other broker’s quotes to see if there are significant discrepancies between them. If the liquidity provider is different, the quotes might vary a bit, but significant differences should ring alarm bells.

Your trading strategy should also be set correctly. Most of the beginners lack a deep understanding of the markets and blame the broker for their losses.

Trading forex requires a lot of work and many things to take into account. The small details can add up and in the long run, can generate huge returns. Make sure to take into account all the information we have mentioned here in order to avoid working with an online broker that only looks after its interests.

 

Tips for Professional Forex Trading

July 2, 2018 at 2:51 pm

If you are reading this article you are most likely one of those that have a strong desire to achieve success in forex trading. However, when it comes to actually do what is required for that, you find it hard to implement all the things. Also, some of the information that had been given to you by all the “online expert traders” seems to be useless and that is why we want to give you a few trading tips that will certainly help you in your day to day activity.

Tip #1 Focus on the process not on the reward

We know that each one of you is trading because each of you wants to have more money. That is a fact which can’t be denied. However, focusing on the money and not paying 100% of your attention to the process that will eventually lead you to have more money, can end up with you actually losing money and become emotional when it comes to forex trading.

How you treat this activity is crucial if you want to be a professional forex trader. We’ve emphasized in a previous article, that treating forex like a business is the best way a person could approach this process.

Also, as we have learned from Jesse Livermore, understanding the fundamentals of the market and tracking its performance represent aspects of the trading process that you should focus on.

Tip #2 Constantly improve your game

Maybe you are one of those that already manage to get results trading forex. Maybe you have understood the market rhythm and you have developed a trading strategy that makes money. Congratulations on that, but things do not end here. There always room for the better, so this tip is to constantly look for ways that will improve your performance. You can do that by reviewing your trading activity. By doing so, you will be able to spot subtle details in your trading that could be optimized.

Tip #3 Don’t take yourself too serious

Even though you might be taking into account all the good information about trading (which is relatively impossible to do) you are still going to make mistakes. Agonizing on those mistakes and not be able to move forward can be a huge roadblock in your journey. Learn to embrace your weaknesses and your vulnerabilities and accept yourself just as you are right now. Without doing these things, you won’t be able to become a better person that you are now.

 

Should You Rely on RSI in Forex?

April 30, 2018 at 7:18 am

The Relative Strength Index is probably one of the most popular price indicators and it is being used by those traders who are at the beginning with forex trading. However, the indicator might be misleading for most of the traders, as they fail to understand it properly, which leads to some painful mistakes. In this article, we will cover the basics of RSI and we will also try to answer the question: Is RSI good for Forex trading?

General Information about RSI

What is RSI?

It is a technical indicator used to measure the strength of a particular trend, based on the closing price for a given period of time. The most popular period is 14, but other ones could be used, as well. The indicator can have a value between 0 and 100, with two levels being used as a threshold in order to determine in what kind of environment a particular asset is in.

If the RSI is located around or below the 30 level, that means we are in an oversold condition. A value above the 70 level will mean that an overbought condition is in play. Simple enough to understand, but some particularities will need to be taken into account in order to use the indicator properly.

Is RSI reliable?

It could be, but you must apply it in a certain context. Technical analysis is like an art, it can be mastered with time and in order to do that, you must practice and go over a lot of mistakes.

Now, getting back to RSI, let’s take an actual example from the chart. You can see below the EURUSD on the 4h chart and three situations we’ve spotted, two oversold and one overbought.

RSI trading

You can see that the market started to move in the opposite direction each time. The first thing to take into account is to use the indicator on a higher time frame. You could find signals on the smaller time frames, but it will most likely generate a lot of false signals.

The second thing and the last is to take signals that form on the dominant side of the market. In the example above, the pair had been in a bullish trend and buying the pair on oversold conditions would have generated strong signals, as it is highlighted on the chart.

 

 

 

Understanding the Market Rhythm

April 26, 2018 at 7:21 am

An ordinary forex trader will go out and learn technical analysis, fundamental analysis, and sentiment analysis, as all the books and online courses are saying, but only a few go deeper than that and learn some subtle details of the market. That is what we are going to do today, as we aim to explain a bit what the market rhythm is and how it could help you to anticipate recurrent patterns in the market.

What does rhythm have to do with Forex?

Well, it does. The market functions exactly like a car piston. It cannot move in a single direction, without moving in the opposite. No matter how an impulsive trend it, if you zoom on the smaller time frames, you will see counter trend players. Their influence is small, but it exists. Now, this series of moves on both sides sometimes has predictable unfolding.

Let’s see an example from the chart, to explain the concept better.

Below we have the EURUSD on the 1h chart, a pair which had performed very well in 2017. What we have spotted there is a series of legs that are similar to each other.

Market rhythm

The legs a, c, e, and g are considered consolidations on the other side of the dominant trend. On the other hand, legs b, d, f, and h, are impulsive moves in the dominant side of the market, since they cover more ground.

What we can notice there is this pattern of small consolidations followed by impulsive moves occurring four. This is what we mean by market rhythm. Is a recurring behavior of price which can lead to an anticipation of the future movements.

What you need to understand, though, is that not all the moves will be exactly the same. The length will be different, maybe some of them will cover more ground than the others. In such a liquid environment like the forex market, it is possible. What is important is to develop your focus and discipline in order to be able to spot this kind of price structure. Combined with a technical strategy it can lead to successful forex trades, for sure.

 

How to Think Outside of the Box in Forex

April 22, 2018 at 7:18 am

You’ve probably heard this phrase a lot of times and you haven’t manage to understand it. Also, even though you manage to understand, you don’t really find a way to apply it, so your actions will evolve for the better. Today we’ll cover this topic related to market psychology and mindset of trading and hopefully, you will be able to get what this is all about. We must say from the start that thinking outside of the box is a skill that can be practiced with time, so don’t worry if you are not able to master it right now.

Crowd behavior and its bad consequences

The Forex market is formed of a large number of people – a crowd and the way it evolves over is a result of the actions this large group makes. Some of them have a higher influence than other and so forth, but the bottom line is that crowd behavior drives the market.

If we analyze this crowd, we could see that we can split it into more categories. We will stick to just one of them- losers and winners, for the sake of the current subject.

People that are part of the winning side are able to understand the force of crowd behavior and anticipate what could influence that behavior in the future ahead. If they can anticipate the behavior that could lead to the anticipation of the market moves.

Forex mindset

Source: pexels.com

Thinking outside of the box simply means having a collateral view of the situation and managing to form objective conclusions. A person who thinks outside the box will never act impulsively and will never take a trading position just because he thinks all the people are doing that.

The crowd behavior is influenced by emotions and if we talk about professional forex trading, those emotions must not intervene in the decision-making process. That is why most of the people do not manage to generate profits. They act impulsively most of the time, while professionals manage to think outside of the box and anticipate future moves. Easy to talk about, but it can take years to master this skill, so make sure to start from now.