Useless Forex tools and tips for beginners who do not work Learning to filter Forex tips: why not complicate trading with advisers, trading systems and complex indicators. Psychological self-deception in the search for signals. Each novice trader wants to find the “Grail” – a tool, strategy, advice that will help him earn literally with the…
A lot is a unit for measuring the volume of a position, which is a fixed amount of the base currency in the Forex market. Its transaction volume is indicated exclusively in lots, the size of which directly affects the level of risk. The larger the volume of one lot in Forex, the greater the…
The easiest way to use the calculator to calculate the value of the lot on the forex. Why even calculate a lot of sizes: Optimization of the position volume in relation to the deposit amount, taking into account the risk and the desired return on investment, allows you to balance the trade. The correct selection…
Today I decided to dwell in more detail on one of the subspecies of technical analysis, namely on the well-known topic – Forex candle analysis. In my article, as always, I will simply answer the basic questions: What is the candlestick analysis of the forex market? How effective is forex trading? How to read forex…
In this chapter, I will tell you. how to read the candlestick forex chart, and how to use the patterns that appear on it. Here is a part of the graph of the EURUSD currency pair for the H4 time interval. Most beginners believe that since the patterns work, it is difficult to determine them…
Learning ADXodus Trading Strategy When the market goes into consolidation, novice traders get bored. They came to Forex to earn money, and the dull sway of currencies from side to side does not allow to saddle the trend and use the “buy and hold” principle. Newcomers to the story have figured out how to increase…
There are so many on the Internet who are willing to share their experience with a novice trader. But they all forget one rule: “Do not give advice until they are asked.” Those who need advice are unlikely to be able to use it. Those who are able to take advantage of them do not…
Margin trading is the leverage that is provided by a broker. It provides for the possibility for traders to open transactions for a total amount of several tens, hundreds, thousands of times greater than the total amount of the trader’s deposit, provided that this money is returned. Each broker has a leverage of 1: 1…
The concepts of Margin call and Stop out: what it is and how to use it in trading. Practical calculation examples. Risk management model for predicting account levels Margin calls and Stop out are one of the trading conditions that must be indicated in the description of the account. A margin call is a notification…
The transaction amount will be 3,000 * 100 = 300,000 US dollars. If we are going to invest 100% of the money in one transaction, then the maximum lot size for EUR / USD 1.2500 is 2.4 lots. But we are going to adhere to the rules of risk management. Allowable risk per trade is…
What happens to bitcoins that were sent to the wrong bitcoin wallet address? Is it possible to return the “lost” bitcoins sent to the wrong place? What should I do if the correct wallet is indicated, but the cryptocurrency has not reached the recipient? Read about this and the actions that should be taken in…
Features of margin trading on Forex: Unlike other forms of lending, the trader does not pay interest for using a loan in the usual form. Each broker has a swap – a fee for transferring a position to the next day, which is charged on all open transactions, including those where credit funds are involved.…
This story happened on December 30, 2015. At this pleasant New Year’s time, a time when miracles happen and you want to make new magical desires, a private trader named Denis Gromov also hoped for a miracle. Otherwise, it is difficult to explain the fact that in just 4.5 hours he managed with a deposit…
Internet pages are littered with tips for novice traders. One gets the impression that everyone wants to share their knowledge and skills, offering dozens of recommendations. True, Forex advice comes down to psychology (not taking risks, diversifying risks, not giving up, etc.) and general instructions on trading strategies. Of course, it is worth listening to…
On the Internet there are descriptions of hundreds of different strategies, the essence of which is to overlay indicators (were more, where less) on the chart and look for the simultaneous coincidence of several conditions, called a signal. How does a technical analysis trader trade? He imposes indicators, seeks confirmation, finds the successful coincidence of…
Any theory is needed not only in order to be able to use it in practice but also in order to be able to make forecasts with its help. The risk management system implies the development of a series of risk management models that would make it possible to make current changes to the table…
In this section, we will talk about what a candlestick pattern is. I covered this issue quite widely in one of my previous articles, and such patterns as volume candle, tower, 3 crows or a cube, we will not consider this article. Instead, I will offer you to consider one exclusive pattern, the mention of…
Quite often, disputes arise over the names of candlesticks in technical analysis. In order not to get involved in such disputes, I immediately make a reservation that I will offer you my own interpretation of the names of candles and the basic patterns of candle analysis, which are the simplest and easiest to remember. In…