learn reading of forex chart

 the simple skills to hold forex, is through how to clear up forex charts, is in truth important .


This is over once you consider this compelling capacity underneath your belt, veritable leave stage a assortment easier further quicker when the point comes whereas you to learn again ring in an demonstrable forex trading system


By the juncture you effect this article, you'll look up how to render forex charts, due to positively in that feel certain the pitfalls that guilt show up when reading them, especially if you haven't traded forex before
Firstly, let's revise the basics of a forex trading since this relates forthwith to

how to read forex charts .


Each currency entwine is always quoted character the straight passage. now example, the EURUSD currency compound is always now EURUSD, hush up the EUR over the domiciliate currency, and the USD thanks to the terms currency, not the contrasting path hostility salt away the USD finest. ergo if the dummy of the EURUSD shows that the workaday remuneration is fluctuating around 1.2155, this component that 1 EURO will engage around 1.2155 US dollars.


And your bag size (outside standing) is the figure of base currency that you're trading. repercussion this example, if you enthusiasm to clinch 100 000 EURUSD, you're buying 100 000 EUROs.


Now let's be credulous a speculation at the 5 chief steps on how to refine a forex chart.


1. If you sign the currency pair, that is, you're crave the position, realise that you're looking seeing the layout of that currency conjugate to striving up, to impel a good on the business. That is, you long the decree currency to cheer against the terms currency.


On the particular aid if you dole out the currency span to succinct the position, and so you're looking thanks to the perspective of that currency join to one's all down, to commence a welfare. That is, you wanting the moor currency to blunt rail the terms currency.


Pretty unvaried wherefore far.


2. Always subscribe the occasion body displayed. frequent trading systems will gravy train compounded case frames to flaunt the entry of a trade. over example, a model may perk a 4 go at also a 30 stubby scheme to trot out the overall trend of the currency grapple by using indicators jibing thanks to MACD, momentum, or assistance also resistance lines, besides therefrom a 5 pygmy model to hinge considering a turn out from a provisional submerge to make out the original entry.



So certify that the idea you're looking at has the true situation shape due to your analysis. The first-rate way to carry out this is to concur increase your charts salt away the well-timed circumstance frames also indicators on them over the conformation you're trading, also to preserve besides reprocess this layout.



3. On greatly forex charts, palpable is the go fee moderately than the ask payment that's displayed on the layout. call up that a charge is always quoted duck a shot further an cross-examine (or mention). considering example, the habitual remuneration of EURUSD may exemplify 1.2055 shakedown again 1.2058 hunt for (or name). When you buy, you acknowledge at the ask, which is the hefty of the 2 prices money the spread, and when you sell, you hand over at the bid, which is the minor of the two prices . If you assistance the model charge to determine an chamber or exit, realise that when you found an behest to make over when the treatment emolument is jaw 1.330, accordingly this is the remuneration that you'll entrust at domineering no slippage .
If on the contrastive hand, you form an command to okay when the perspective emolument is the trimmed price, since you'll largely grant at 1.3333. A forex fashion entrust usually manifest whether your orders will express placed smartly according to the form emolument or whether you propensity to consist of a buffer when buying or selling ..


Also case that on divers platforms, when you're placing eliminate orders (to acquiesce if the fee rises large a express price, or hand when the fee falls subservient a clear-cut remuneration) you subjection exemplary either "stop if bid" or "stop if offered".


4. Realise that the times shown on the ship of forex charts are set to the inherent juncture region that the forex provider's charts are shake on to, sell for tangible GMT, added York time, or contrastive occasion zones.



It's commodious to hold a globe descry available on your computer desktop influence direction to priory the differential instance zones. This is capital when you're trading vital economic announcements


You'll thirst to nunnery the situation of an recital to your unique time, further the perspective time, hence you'll be acquainted when the particularization is scene to happen, again and so when you salacity to trade


5. Finally, buy into whether the times on your forex charts corresponds to when the candle opens or when the candle closes. Your charting software may serve weird to someone else's command this way.


The deliberate I mention this, is that if you craving to bag indispensable economic announcements, either by inbound a bag based on the movements that ensue later the announcement, or to end a line before the report ropes avoid getting stopped independent during it, wherefore you inclination to impersonate good (to the minute!) for these trades are performed according to what happens at the 1 petite away touching the announcement, not the candle afterward so qualified you affirm it.


You seeing credit the 5 innate keys to how to properly explicate forex charts, which commit succour you to lose the typical mistakes which abounding forex beginners set about when looking at charts, besides which will smooth addition your abide when you're looking at forex charting packages, further forex trading systems that you enthusiasm to trade


Now that you perceive this, live looking at forex charts protect each of these 5 points leverage mind So realize to it and don't wait . good luck

ABC starting in Forex Trading

ABC starting in Forex Trading

his article is for beginners to get an idea of ​​the initial observation of Forex trading .
To make a decision to start Forex trading as a tool towards financial freedom .

There are 4 basic points you need to do as a beginner in Forex trading .

To trade Forex is that in their own money and decision-making. So we need to find a guru to learn the know how of trade so as not to . Learning basic Forex through education is very important ; This will help us avoid the full error that others had crossed . In order to be on top of other traders , you must regularly and constantly learning new things about Forex . Another good source of knowledge is reverent reading many books as possible. Because different author will have different ideas and points of view or experience they had. Others who are more informed and save you create effective business strategies.

You need to find the right platform that is handling their business tools . This gives you an advantage and lead to success and financial freedom. Follow we need to develop a good strategy and good technical analysis to build your portfolio . Like a good service provider - corridor, which also meant that he must follow the rules country and state regulations and consumer protection . It also meant that you can get quick and responsive customer service from help. Also, when you open or close a position , you can deposit or withdraw funds in any danger . As an important new entrant needs a demo account to learn the craft and learn well all the error .

Learn as much as possible in the fastest rate of all basic about Forex trading. If you have any questions you can easily access information from the internet support platform users . There are tons of information on Forex trading you can get from the website , only need to filter and extract all the information for you.

The last step to succeed in Forex trading is to develop your own set of trading strategies. Set your own goals and follow the movement of the daily market, develop a new strategy and try your idea again. You also need to have money management in all trades is right or wrong.
After all treat trading as a business does not play and eventually lead to financial freedom .

don't miss our free Forex signals at our blog

Best Forex Trading Platform?

Are you Asking About The Best  Forex Trading Platform?

If you might be critical about trading within the forex market, then the buying and selling platform you choose to execute foreign exchange trades from might be a particularly vital software you'll depend on in your buying and selling course of.

Trading platforms can both be offered by your foreign exchange broker, normally at no further cost, or they are often from impartial software program builders like the favored Metatrader A (MT4) or Metatrader H foreign currency trading platforms.
Overall, working via an environment friendly and straightforward to make use of buying and selling platform with an excellent foreign exchange dealer will typically translate into elevated profitability in your buying and selling.

 Useful Trading Platform Features
When assessing a Trading platform, you'll want to search for helpful options that may assist improve your buying and selling expertise. These may embody the next:

Accurate Forex Quotes - You will desire a buying and selling platform that has correct buying and selling quotes for all the foreign money pairs you have an interest in buying and selling. You wish to keep away from the chance of requotes and never understanding when the market has modified as a way to provoke trades in a well timed manner and monitor your threat adequately. Most foreign currency trading platforms obtainable to non-public merchants function by way of the Internet, so additionally, you will wish to have a secure and dependable excessive velocity Internet connection to guarantee the quickest doable transmission of pricing information.

Reliable Deal Execution - Any buying and selling platform ought to execute offers rapidly and reliably with out the necessity for probably expensive requotes.

Good Order Placement - The platform ought to permit the short entry of the entire sorts of orders that you simply assume you may want. This would sometimes embody take income, cease losses and trailing stops at a minimal, with an OCO or "One Cancels the Other" characteristic as an additional advantage to keep away from the execution of a number of orders for a similar place.

Manage Accounts - It can prevent appreciable time if a buying and selling platform means that you can handle you buying and selling account immediately. Once you've established a foreign currency trading place, you'll most likely must handle it and preserve monitor of your account stability and buying and selling income on an actual time foundation because the market strikes. An ideally suited foreign currency trading platform will subsequently supply appropriate account administration capabilities so that you can watch over your buying and selling portfolio with.

Technical Analysis Tools - Many good buying and selling platforms will present a full featured set of technical evaluation instruments that ought to embrace charting and an excellent vary of in style indicators for the foreign money pairs that you're considering of buying and selling. Charts needs to be up to date on an actual time foundation for a wide range of time frames, and a helpful extra characteristic is to have the ability to commerce straight out of your charts.

Fundamental Analysis Tools - Traders utilizing elementary evaluation normally must have entry to a high quality stay information feed from a good information wire like Reuters or AP/Dow Jones through their platform. It additionally helps to have entry to an correct financial information launch calendar to know when key basic data is due out.

Strong Data Security - Those utilizing reside buying and selling accounts ought to be involved concerning the security of their private information and account login data. Make certain the platform operates underneath applicable Internet safety protocols and that your account data is backed up for added safety in case of information loss.

Minimal System Downtime - Trading platforms shouldn't be taken down throughout market buying and selling hours because of the danger that you just will be unable to shut out a buying and selling place on the acceptable time. Look for a buying and selling platform that operates with minimal downtime. Any good buying and selling platform must have an up time report throughout foreign currency trading hours that approaches 100%

Support for Trading Strategy Automation - Some buying and selling platforms permit merchants to program their buying and selling methods into the platform for automated execution of transactions. If you propose on automating your current foreign exchange commerce plan or utilizing off the shelf foreign currency trading robotic software program, it would be best to ensure that any foreign currency trading platform helps your intentions on this regard to the fullest extent potential.
Also, most automated buying and selling software program packages are inclined to work finest if they're run on a digital non-public server or VPS. Installing the software program on a distant server like this helps automated merchants to reduce down time as a result of dropped or unstable Internet connections.

Conclusion
Basically, the present widespread availability of foreign currency trading platforms from on-line foreign exchange brokers and unbiased software program builders has allowed nearly anybody with a pc and an web connection the prospect to commerce foreign exchange. Since the buying and selling platform you select can considerably have an effect on your profitability as a dealer, it would be best to choose one which has all the options you want or anticipate needing sooner or later, at an inexpensive value. Be certain to check any platform completely to ensure that it fulfills your explicit buying and selling wants in a dependable method.

21 Tips for Trading Penny Stocks

 21 Tips for Trading Penny Stocks

I'm going to give you 21 Tips for Trading Penny Stocks. Check it out!! The top managers and the executives of any company and the insiders are notorious for making bad trading decisions. You should never rely on insider trading to tell you anything where the share price potential is headed. There is a lot going on with the reasons that insiders are buying and selling shares some of which have nothing to do with the company. You should never rely on insider trading to tell you anything about the direction of the share price. Always use limit orders when trading penny stocks as opposed to market orders. Only trade penny stocks from the Bulletin Board or the major Markets. Do not trade penny stocks which are on the Pink Sheets and other dark markets. You should only use candle stick trading charts when looking at penny stocks. If you don't understand what candle stick charts are, or you don't understand how to read them then there is a video that we will put a link to which will explain everything. Its my explanation of how candle stick charts work and all the benefits that there are with them.

So check it out! Share holder turn over is the utmost importance when trading penny stocks. When you see at least 25% of the total outstanding shares trading over the course of weeks or a couple of months. At the same time when the share price has not really changed not either higher nor lower, then you can assume great share of share holder turn over. Whats happening is that long time share holder , frustrated investors are getting rid of their shares. At the same time that selling pressure is being met by buying demand by new share holders. The share holder base is turning over so the mix is gone, more newer investors and fewer long term investors. By their nature a newer investor is much less likely to sell their shares. They just bought, they're expecting the shares to go higher and thats why they got involved in the first place. The trading volume of a penny stock is going to tell you a lot more then the trading activity. So its great to know the price of the shares are at but even more important is to look at how many shares trading to put the shares to that price.

If you watch the trading volume you get an idea of things like; the sustainability of the price moves and share holder turn over. Typically when you look at a trading chart you're gonna see the price of the stock on the top half of the chart and the bottom half of the chart you're gonna see the trading volume. So even if you're doing any kind of technical analysis at all using the trading chart to try and predict what share price is going to do. You need to make sure that any patterns you see are formed by enough trading volume or else they are entirely unreliable. For example, if you see a stock jump up 75% or 115% but it did that on only 400 shares traded.

You can be certain that the share price activity is going to reverse and the stock is going to come back down. With penny stocks its so important to watch the management team. People tend to do what they have always done. So if the current CEO of the current stock you are watching has bankrupted 3 of the last 5 companies they were with they'll probably be pretty bad for this one too. So do a quick google search on all the top executives and management. Take a look at what companies they were with previously? What positions did they hold? How did the companies they were with perform during their tenure.

Insider and Institutional investor holdings are so important when trading penny stocks. If, 95% of shares are held by mutual fund managers and hedge fund managers. Then that only leaves about 5% of the shares which you see traded day to day to retail investors like you and I. Since institutional investors are usually in it for a much longer time frame. All the trades you are seeing are usually are just retail investors like you and I and are typically over done and they usually will reverse. This is why its so important to keep an eye on the institutional ownership of a penny stock and try to get an idea of how many shares are out there that are being actively traded compared to how many shares out there that are being held long term but professional traders.

The impact of artificial events will typically be temporary. By artificial I mean things like government grants, stock promotions, government subsidies, stock by back plans. For example; if there is a stock by back plan in a penny stock, they are buying the their shares and taking them off the market and that's going to create artificial demand. That artificial demand will increase the price of the shares temporarily. Eventually when that buy back has ended the share price will trade to where it would have been trading to in the first place if it weren't for the buy back. Read "Penny Stocks for Dummies!" Yes I'm bias because I wrote the book, and if you buy it I make a small royalty but this is the book I wish I had read when I got started trading penny stocks at 14 years old. It would have helped me avoid thousands of dollars in stupid mistakes and it would have helped me make thousands of dollars more. If you don't want to spend the $23 for it then take it out from the library or borrow it from a friend.

Any one interested in Penny Stocks should read "Penny Stocks for Dummies." Most penny stock investors average down when they are holding shares of a stock which they bought and then it decreased in price. They buy more of a losing company to try to bring their average price per share down but their actually just throwing more good money after bad. Typically when you average down you've already made a mistake when you tired to pick that stock in the first place and now you're just putting money into that losing investment and it typically tends to keep on going down. Whats better and a more effective strategy that we've found in our opinion, is to average up.

When you buy shares of a penny stock and it starts to move in the right direction then you put more money in to the winning bet because that stock maybe, is just getting started and its got a lot higher to go. When trading penny stocks always use stop loss orders. With penny stocks its so important to make sure that your small losses don't become big losses and stop losses is one way to do this. On the other side of the coin when you do have a stock that is going in the right direction then you want to let the gains run. Penny stocks typically have a way of going up a lot more then you would anticipate that they could in the first place. Investors sentiment is a contrarian indicator. When everyone believes that a stock is going to fall or collapse in price the shares are more likely to go in the exact opposite direction.

This is because people act on their beliefs. If everyone is expecting the stock market to crash, everybody is selling their shares. What happens then is when everyone who wants to sell has done so, even a little bit of buying turns things around and starts driving the prices higher. Penny stocks whether in an up trend or down trend are most likely to continue on in that exact same trend. Now, they will eventually break out of that trend and reverse but its very difficult to time and anticipate when that change of direction may occur.

SO the trends you need to understand will typically last a lot longer then people would expect and a lot longer then they should. Always get started with trading penny stocks just like I did, by paper trading. You need to notice and avoid your own confirmation bias. People see what they want to see and if you see two sides of one argument you may gravitate towards the one side that supports your opinion. This can be incredibly costly for trading penny stocks. You need to notice and avoid all of your own confirmation bias and just look at the objective facts.

Do not believe or blindly follow what the mass media is telling you. Instead use it as a tool to understand what the masses are going to be believing, how they are going to be acting. This is going to help you avoid getting involved in investments at over priced levels because everyone's crowding around to buy the same thing. Out of this understand the way the media works and understanding the impact media has on the masses of society.

It's going to open up so many more massive opportunities for you that gonna make all the difference. Invest in penny stocks in penny stock companies which you understand and then call the investor relations contact of those companies and ask questions, try the products or services that they sell if you are able. Even better make an unannounced drop by of their head office if its possible just to see whats going on , see what kind of company you're dealing with. In other words, invest your time before you invest your money. Penny stock picks which you hear about for free regardless of how you heard about them when you hear about them for free there is always hidden motivations behind those stock picks. This is even true of the stocks that you hear through the rumour mill or the co worker who tells you about this new hot investment. Your poor co worker doesn't even realize that they have fallen victim to the promoters "pump and dump" scheme in the feeding of the rumours that they are putting out there. You need to avoid free stock picks, people get burned by this more then anything else in penny stocks. Only trust penny stock picks which come from a service with a 100% unbiased guarantee.

This is the only way that you are going to know that they have your best interest at heart and they put your interests first. My team and I have found that the most effective way to find and trade penny stocks is to locate the high quality companies first using extensive fundamental analysis. Then we use technical analysis to try and find the most opportune buying and selling prices of those stocks. So thank you so much, I really hope this helps a lot! You guys are awesome, I want you to learn how to trade penny stocks really well because it can make a big difference to you. Please subscribe to the channel we've got a lot more videos like this coming out, designed to help you profit from trading penny stocks. If you have any questions, please put them in the comment fields immediately below this video or reach out and get in touch with us. We will answer you and we look forward to speaking with you. Thank you so much! .





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Stock Trading 101 - All You Need to Know to Get Started in the Stock Market

 Stock Trading 101 - All You Need to Know to Get Started in the Stock Market

In this video I'm going to cover the basic thing you need to know to get started trading in the stock market. So what do you need to get started? First of all, you're going to need risk capital. And what I mean by risk capital is money that you have that even if you loose 100% of it, it will not negatively affect your lifestyle.

This is essential not only to safeguard your life, but also because trading with money that isn't risk capital can wreak havoc on your psychology as a trader. So it's essential that you make sure your trading with risk capital or not at all. Second, you will of course need a computer and an internet connection. You'll need an understanding of the stock market and trading basics. And also, you're going to need an online broker, a trading software platform, and if you choose to use them, trading tools and access to market information. And finally, a personal plan and strategy, and a dedication to learning. For the basics, the first thing to focus on is learning the different order types - for example, a market versus a limit order and also the settings for these orders, such as good-till-close or good-till-cancel.

The bid and ask system is also important to understand. A good resource to learn all this is online at Investopedia.com. Next in basics is the simulated account. A simulated account allows you to place orders in an environment that mimics live trading action. This is very similar to the concept of paper trading, but the simulated environment adds to the realism so it's a great idea to start out trading this way. I'll add a caveat to this though - there are some differences between a simulated account and a live account, so please do make sure you know what these are before you trade live.

But generally, a simulated account is a great way to get the feel of trading and practice placing orders without the risk of losing money. A piece of advice I can give in regards to simulated accounts is to treat them as if they are real money accounts. This gives you the closest approximation to how it will be when it's actually your money at stake, and it will give you the best preparation for your live trading. The next basic to cover is information. It's important to learn what kinds of news and information you need to know before you place a trade in a given stock. For example, things like FED announcements, earnings reports, and other pieces of news can move the stock price quickly and substantially - and you want to know before this happens, so you don't jump in and then get surprised by a jump in the market that could have been - you could have been prepared for had you had access to the right information.

Last in basics is connection. And although this is optional, I personally enjoy connecting with other traders online because there can be great opportunities to learn from each other and to share in the experience of trading as a whole. There are a lot of different online communities for traders, one of them is StockTwits and I really enjoy this one so I highly recommend you do check them out. If you want to find me on StockTwits, my username is @TraderJesseJ and that's the same username that I am on Twitter as well. So the next section that I'm going to take you through is brokers. So first of all, what exactly does the broker do? They are the entity that allows you to buy and sell securities. So you open an account with them, and that will allow you to trade. There are a huge selection of brokers to choose from though, so that takes us to the next part which is choosing your broker.

So one of the first things to consider in choosing your broker is what level of service you want. Different brokers will offer different levels of service, for example some have hands-on services where some are a lot more basic and require that you're more self sufficient in managing your own account. So the choice really depends on your own needs, so you'll want to consider what level of service suits you best when you're choosing a broker. The second thing to consider are the costs. You'll want to find out what kind of commission structure the broker offers, and then decide if the cost of these commissions are balanced with what this broker can provide you. And lastly, you do want to factor this cost into your trading plan. Another important thing to consider with a broker is compatibility. So it's really important that the broker you choose is able to tie in to your specific trading software platform.

So your trading software platform is the front end software that you're going to use that allows you to see charts and most likely place trades right on those charts. Some brokers provide a software platform as part of their offer. If this is the case, you'll want to determine if you like the platform they offer. And if not, you'll want to make sure they can tie in with a platform that you do like. That takes us to the trading software section and as I just mentioned if your broker provides this, you just want to decide if you like the one they offer.

If not, there are many platforms that are "broker neutral" that you can choose from. One really important thing though to make sure is that if you use trading tools like indicators you want to make sure that the trading software that you choose is compatible with your trading tools because not all will be. So this brings us to the final section on trading tools. Technical traders often end up using tools to help in their analysis. There are many different tools available that use different market inputs to give a variety of deeper insights to trading charts and decisions. Having a good tool set can help you create your own market edge and it can really give you a more systematic way to trade so although having and using trading tools in your trading is optional, I would highly recommend that you at least look into it and consider the use of trading tools. So in summary, make sure you have risk capital. Choose your broker considering your own needs. Choose a trading software provider that has an interface you like.

If you use tools for technical analysis make sure you choose them well as they are your equipment in the market. Finally, remember that you are the most important part in this whole equation, as a trader, and it's important that you develop your own system and commit to ongoing learning in the markets. So I hope you've enjoyed this video presentation, please stay tuned for a brief risk disclaimer video and the links to follow me on YouTube and to visit my website - it's www.StockMarketProfile.com.

Thank-you. This presentation is intended for educational purposes only. The concepts depicted are solely the opinion of the presenter and are not individualized advice for viewers. The risk of loss in trading commodity futures, options, securities and Forex markets can be substantial; therefore, prior to trading, investors should understand these risks and must assume responsibility for these risks and their results. Past performance is not indicative of future performance. .


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