Source: CNN International
(CNN)In just one year, US President Donald Trump has changed the way Asia looks at the United States.
The cornerstones of American power in Asia, Japan, Australia and South Korea, all lost a little faith in their longtime close ally and protector in 2017, according to Gallup polling.
No military assets have been withdrawn, no embassies closed, but the lack of interest expressed by a US administration focused on "America First" has deeply shaken its status in the region.
"Nowadays when we attend international conferences (around Asia), nobody really talks about the United States anymore ... it's a little bit strange," Chisuke Masuo, associate professor at Kyushu University's Graduate School of Social and Cultural Studies, told CNN.
Uncertainty about America's commitment to the region has prompted local leaders to strengthen ties with each other, to prepare for the day when the US no longer has their backs.
Meanwhile, a number of simmering flashpoints across the region could test the US' commitment to its allies, and Masuo said China is likely to use those points of tension to prove its regional supremacy.
"It's the 100th anniversary of the Chinese Communist Party in July 2021, and I think (Chinese President) Xi Jinping will love to demonstrate his people that China has become a dominant power in Asia by then," she said.
"The US may want to change its Asia policy after three years, but I'm very worried if that will be possible," Masuo added. "China is restructuring the entire international order in the Asia Pacific."
10 FOREX TRADING TIPS FROM THE PROS
1. START GRADUALLY
Don't open many position at the same time. It's better to choose fewer positions, but weigh each of them carefully.
2. STOP -LOSS ORDER
People often forget to limit their loss and therefore have to step out of the game very soon. With the step out of the game very soon. With the Stop - Loss order you will be able to control the situation, if the rates change unexpectedly.
3. RULE OF 1/6
specialist advice against risking more than 1/6 of your free capital when aren't completely confident
4. STICK TO THE PLAN
Traders have their own plan, and the best make an effort to hold onto it. Some prefer daily transactions, whereas others like long-term strategies. You should keep it steady! Write your plan on a paper and follow it systematically. Write down the prices of each transaction and why you selected the particular strategy in order to analyze it later.
5. MULTIPLE TIME FRAMES
Differentiate the time frames of analysis: weekly charts are use to observe trends; hourly and minute charts are used to determine the perfect timing to open and closed positions.
6. DON'T STOP THE PROFIT
A common mistake beginners make is closing the transaction too soon, thus not taking advantage of the full profit potential. Trends last longer than they might seem at first!
7. DON'T PLAY AGAINST THE TREND
Transactions against a trend usually result in loss.Wait for an event trend and then make your move!
8. IF IN DOUBT, FOLLOW THE GURU
If you're still aren't confident about your decision, choose a platform thatlet's you follow gurus and copy their transactions.
9. TRENDS HAVE MOMENTUM
Beginner's often don't know when a trend starts and don't use trends in their favor. Trends have momentum strategy requires a solid exit to protect profits.
10. CLOSE THE UNSUCCESSFUL
Don't hold unsuccessful positions open for a long time. Experience shows that it's best to close them early and move on to others.
Visit the Authors FOREX Trading Set up
EUR/USD Technical Analysis - January 29, 2018
Source credits: Yahoo Finance
The EUR/USD attempted to move higher on Friday but was unable to reach Thursday’s peak, weighed on by comments from President Trump on Thursday that he favored a strong dollar. U.S. data was mixed, with GDP coming in short of expectations, but durable goods showing a strong headline results. The currency pair remain buoyed by the ECB’s policy comments on Thursday, as Draghi was optimistic that inflation would return.
Technicals
The EUR/USD moved higher, but fell short of the 1.25 handle trading near the 1.2425 level for most of the North American trading session. Support on the currency pair is seen near the 10-day moving average near 1.2293. Resistance is seen near Thursday’s highs at 1.2537. Momentum is positive as the MACD (moving average convergence divergence) histogram prints in the black with an upward sloping trajectory which points to a higher exchange rate. The RSU also edged higher after breaking through resistance hitting a fresh 6-month high on Thursday which reflects accelerating positive momentum. The only caveat is that the RSI is printing a reading of 74, which is above the overbought trigger level of 70 which could foreshadow a correction
The ECB’s Coeure stresses upside risks to growth
The ECB’s Coeure said the forward guidance will have to evolve, adding that officials are in talks while stressing that the central bank has to focus more on upside risks to the economy, while being “patient and prudent” along the road to policy normalization. Hawkish tones, that sent Bund yields to intraday highs, although Coeure has been emerging as one of the more hawkish executive board members, and his view are not necessarily the mainstream.
The ECB kept its monetary policy stance on forward guidance unchanged at yesterday’s meeting, with Draghi still insisting that the QE program can be extended in duration. Draghi tried his best to play down any changes to the ECB’s stance today and was very eager to stress that the guidance was pretty much left unchanged, compared to the December meeting.
UK GDP was Better than Expected
Preliminary UK Q4 GDP better than expected, with growth rising to 0.5% quarter over quarter after a 0.4% quarter over quarter pace in Q3, and by 1.5% year over year after 1.7%year over year in the quarter prior. The median forecasts had been for 0.4% quarter over quarter and 1.4% year over year, respectively. 2017 growth was 1.8%, which is the slowest annual growth in five years, while the 1.5% year over year preliminary figure for Q4 marks the slowest annual growth rate since the first quarter of 2013. Consumer-facing activity dragged on growth in Q4.
Eurozone Money Supplied Slowed, Not a Good Sign for Inflation
Eurozone M3 money supply unexpectedly slowed to just 4.6% year over year, from 4.9% year over year in the previous month. Lending data showed loans to households rising by 3.2% year over year, up from 3.1% year over year in November but adjusted for sales and securitization, the annual rate remained steady at 2.8% year over year. Lending to non-financial corporations rose 1.8% year over year, up from 1.7% year over year in the previous month. Monthly flows were negative though.
French Business Confidence Improved
French business confidence improves, with the manufacturing reading unexpectedly rising to 113 from 112 in the previous month, while the production outlook jumped to 34 from 30. however, in contrast to the business confidence numbers, the consumer confidence reading fell back to 104 from 105 in the previous month.
The EUR/USD attempted to move higher on Friday but was unable to reach Thursday’s peak, weighed on by comments from President Trump on Thursday that he favored a strong dollar. U.S. data was mixed, with GDP coming in short of expectations, but durable goods showing a strong headline results. The currency pair remain buoyed by the ECB’s policy comments on Thursday, as Draghi was optimistic that inflation would return.
Technicals
The EUR/USD moved higher, but fell short of the 1.25 handle trading near the 1.2425 level for most of the North American trading session. Support on the currency pair is seen near the 10-day moving average near 1.2293. Resistance is seen near Thursday’s highs at 1.2537. Momentum is positive as the MACD (moving average convergence divergence) histogram prints in the black with an upward sloping trajectory which points to a higher exchange rate. The RSU also edged higher after breaking through resistance hitting a fresh 6-month high on Thursday which reflects accelerating positive momentum. The only caveat is that the RSI is printing a reading of 74, which is above the overbought trigger level of 70 which could foreshadow a correction
The ECB’s Coeure stresses upside risks to growth
The ECB’s Coeure said the forward guidance will have to evolve, adding that officials are in talks while stressing that the central bank has to focus more on upside risks to the economy, while being “patient and prudent” along the road to policy normalization. Hawkish tones, that sent Bund yields to intraday highs, although Coeure has been emerging as one of the more hawkish executive board members, and his view are not necessarily the mainstream.
The ECB kept its monetary policy stance on forward guidance unchanged at yesterday’s meeting, with Draghi still insisting that the QE program can be extended in duration. Draghi tried his best to play down any changes to the ECB’s stance today and was very eager to stress that the guidance was pretty much left unchanged, compared to the December meeting.
UK GDP was Better than Expected
Preliminary UK Q4 GDP better than expected, with growth rising to 0.5% quarter over quarter after a 0.4% quarter over quarter pace in Q3, and by 1.5% year over year after 1.7%year over year in the quarter prior. The median forecasts had been for 0.4% quarter over quarter and 1.4% year over year, respectively. 2017 growth was 1.8%, which is the slowest annual growth in five years, while the 1.5% year over year preliminary figure for Q4 marks the slowest annual growth rate since the first quarter of 2013. Consumer-facing activity dragged on growth in Q4.
Eurozone Money Supplied Slowed, Not a Good Sign for Inflation
Eurozone M3 money supply unexpectedly slowed to just 4.6% year over year, from 4.9% year over year in the previous month. Lending data showed loans to households rising by 3.2% year over year, up from 3.1% year over year in November but adjusted for sales and securitization, the annual rate remained steady at 2.8% year over year. Lending to non-financial corporations rose 1.8% year over year, up from 1.7% year over year in the previous month. Monthly flows were negative though.
French Business Confidence Improved
French business confidence improves, with the manufacturing reading unexpectedly rising to 113 from 112 in the previous month, while the production outlook jumped to 34 from 30. however, in contrast to the business confidence numbers, the consumer confidence reading fell back to 104 from 105 in the previous month.
My FOREX Trade
Here's my Forex trade with very slim income. Just making fun of this trade for practice.
Before my next big hit. wait for it. I'll let you see some more video's later. enjoy watching
Most Commonly Used Forex Chart Patterns
With so many ways to trade currencies, picking common methods can save time, money and effort. By fine tuning common and simple methods a trader can develop a complete trading plan using patterns that regularly occur, and can be easy spotted with a bit of practice. Chart, candlestick and Ichimoku patterns all provide visual clues on when to trade. While these methods could be complex, there are simple methods that take advantage of the most commonly traded elements of these respective patterns. (For more on charts, read Charting Your Way To Better Returns.)
While there are a number of chart patterns of varying complexity, there are two common chart patterns which occur regularly and provide a relatively simple method for trading. These two patterns are the head and shoulders and the triangle.
Head and Shoulders (H&S)
The H&S pattern can be a topping formation after an uptrend, or a bottoming formation after a downtrend. A topping pattern is a price high, followed by retracement, a higher price high, retracement and then a lower low. The bottoming pattern is a low, a retracement followed by a lower low (head) and a retracement then a higher low (second shoulder) (see Figure 1). The pattern is complete when the trendline ("neckline"), which connects the two highs (bottoming pattern) or two lows (topping pattern) of the formation, is broken.
Figure 1: EUR/USD Daily - Head and Shoulders Bottom
Source: Freestockcharts.com
This pattern is tradable because it provides an entry level, a stop level and a profit target. In Figure 1 there is a daily chart of the EUR/USD and an H&S bottoming pattern that occurred. The entry is provided at 1.24 when the "neckline" of the pattern is broken. The stop can be placed below the right shoulder at 1.2150 (conservative) or it can be placed below the head at 1.1960; the latter exposes the trader to more risk, but it has less chance of being stopped before the profit target is hit. The profit target is determined by taking the height of the formation and then adding it to the breakout point. In this case the profit target is 1.2700-1.1900 (approx) = 0.08 + 1.2400 (this is the breakout point) = 1.31. The profit target is marked by the square at the far right, where the market went after breaking out. (For more on the Head and Shoulder pattern, see Price Patterns Part 2: Head-And-Shoulders Pattern.)
Triangles
Triangles are very common, especially on short-term time frames and can be symmetric, ascending or descending. While the patterns appear slightly different for trading purposes there is minimal difference.Triangles occur when prices converge with the highs and lows narrowing into a tighter and tighter price area.
Figure 2 shows a symmetric triangle. It is tradable because the pattern provides an entry, stop and profit target. The entry is when the perimeter of the triangle is penetrated – in this case to the upside making the entry 1.4032. The stop is the low of the pattern at 1.4025. The profit target is determined by adding the height of the pattern to the entry price (1.4032). The height of the pattern is 25 pips, thus making the profit target 1.4057, which was quickly hit and exceeded. (For more on triangles, read Triangles: A Short Study In Continuation Patterns.)
Figure 2: EUR/CAD 5 Minute – Symmetric Triangle
Source: Freestockcharts.com
Engulfing Pattern
Candlestick charts provide more information than line, OHLC or area charts. For this reason, candlestick patterns are a useful tool for gauging price movements on all time frames. While there are many candlestick patterns, there is one which is particularly useful in forex trading.
An engulfing pattern is an excellent trading opportunity because it can be easily spotted and the price action indicates a strong and immediate change in direction. In a downtrend an up candle real body will completely engulf the prior down candle real body (bullish engulfing). In an uptrend a down candle real body will completely engulf the prior up candle real body (bearish engulfing).
The pattern is highly tradable because the price action indicates a strong reversal since the prior candle has already been completely reversed. The trader can participate in the start of a potential trend while implementing a stop. In Figure 3 we can see a bullish engulfing pattern that results in the emergence of an upward trend. The entry is the open of the first bar after the pattern is formed, in this case 1.4400. The stop is placed below the low of the pattern at 1.4157. There is no distinct profit target for this pattern. (For more on candlestick charting, read The Basic Language Of Candlestick Charting.)
Figure 3: EUR/USD Daily – Bullish Engulfing Pattern
Source: Freestockcharts.com
Ichimoku Cloud Bounce
Ichimoku is a technical indicator that overlays the price data on the chart. While patterns are not as easy to pick out in the actual Ichimoku drawing, when we combine the Ichimoku cloud with price action we see a pattern of common occurrences. The Ichimoku cloud is former support and resistance levels combined to create a dynamic support and resistance area. Simply put, if price action is above the cloud it is bullish and the cloud acts as support. If price action is below the cloud, it is bearish and cloud acts as resistance.
The "cloud" bounce is a common continuation pattern, yet since the cloud's support/resistance is much more dynamic that traditional horizontal support/resistance lines it provides entries and stops not commonly seen. By using the Ichimoku cloud in trending environments, a trader is often able to capture much of the trend. In an upward or downward trend, such as can be seen in Figure 4, there are several possibilities for multiple entries (pyramid trading) or trailing stop levels. (To learn more about Ichimoku charts, check out An Introduction To Ichimoku Charts In Forex Trading.)
Figure 4: USD/CAD – Ichimoku Cloud
Source: Freestockcharts.com
In a decline that began in September, 2010, there were eight potential entries where the rate moved up into the cloud but could not break through the opposite side. Entries could be taken when the price moves back below (out of) the cloud confirming the downtrend is still in play and the retracement has completed. The cloud can also be used a trailing stop, with the outer bound always acting as the stop. In this case, as the rate falls, so does the cloud – the outer band (upper in downtrend, lower in uptrend) of the cloud is where the trailing stop can be placed. This pattern is best used in trend based pairs, which generally include the USD.
Bottom Line
There are multiple trading methods all using patterns in price to find entries and stop levels. Chart patterns, which include the head and shoulders as well as triangles, provide entries, stops and profit targets in a pattern that can be easily seen. The engulfing candlestick pattern provides insight into trend reversal and potential participation in that trend with a defined entry and stop level. The Ichimoku cloud bounce provides for participation in long trends by using multiple entries and a progressive stop. As a trader progresses they may wish combine patterns and methods to create a unique and customizable personal trading system. (To help you become a trader, check out How To Become A Successful Forex Trader.)
Article source: www.investopedia.com
US Crude Oil Prices Up In Asia On Saudi Remarks, US Shutdown Eyed On Data
US West Texas Intermediate (WTI) crude futures for March delivery rose 0.16% to $63.41 a barrel. Meanwhile, March Brent crude futures, the benchmark for oil prices outside the US, were last quited down 0.81% to $68.75 a barrel.
OPEC and non-OPEC oil producers aim to continue production cooperation after the end of 2018 in some form, Saudi Arabian energy minister Khalid al-Falih said on Sunday.
“There is a readiness to continue cooperation beyond 2018… The mechanism hasn’t been determined yet, but there is a consensus to continue,” Falih said after a meeting of the joint ministerial committee which oversees implementation of the cuts. But Falih cautioned about the low-demand period ahead – a normal season of refinery turnarounds, particularly on the US Gulf Coast.
“We are entering a low demand period seasonally, and we have to let that pass and see how inventories look in the second half before we consider any alteration” to current policy, he said.
In the week ahead, market participants will eye fresh weekly information on U.S. stockpiles of crude and refined products on Tuesday and Wednesday, if released, to further weigh what the impact of recent storm activity was on supply and demand.
Last week, oil prices posted their first weekly loss in five weeks after settling lower for the second straight session on Friday, as traders fretted over a sharp rebound in U.S. production.
The International Energy Agency (IEA), in its monthly report Friday, warned that rapidly increasing production in the United States would offset a raft of positive factors supporting oil prices including ongoing OPEC output cuts.
The IEA said it expects U.S. output levels to soon exceed 10 million barrels per day (bpd), overtaking OPEC behemoth Saudi Arabia and rivaling Russia. U.S. crude production stood at 9.75 million bpd on Jan. 12, data from the Energy Information Administration showed.
Oil prices have added around 10% since early December, benefiting from production cut efforts led by the Organization of the Petroleum Exporting Countries and Russia. The producers agreed in December to extend current oil output cuts until the end of 2018.
The deal to cut oil output by 1.8 million barrels a day (bpd) was adopted last winter by OPEC, Russia and nine other global producers. The agreement was due to end in March 2018, having already been extended once.
However, analysts and traders have warned that the recent rally could encourage U.S. shale oil producers to ramp up production as they look to take advantage of higher prices
Articles Sources from: Investing.com and fxcm.com
FOREX: When To Trade Forex
Forex market is open 24 hours a day, 5 days a week, but its is not active all this time! in forex trading, profit is being made when the market is active and traders are bidding on the prices. Therefore, it is crucial to know the most productive hours of the day and of the week for forex trading!
There are three (3) major sessions of the forex market: London, US, and Tokyo session. The busiest times are when the session overlap as traders can purchase currencies from different continents.
The forex market of London is usually the most active as it involves many countries of the European Union. The US market comes next, so the time when London session intersects with the US session usually provides the biggest returns.
expert traders consider that 10AM (EST) is the best time as this is the period when London market is preparing to close the trades and traders are getting ready to move to the US market. This creates big swings in the currency prices, thus, opening great opportunities for profit.
BEST TIME OF THE WEEK
according to researchers the biggest movements in the four major currency pairs (EUR/USD, GBP/USD, USD/JPY, USD/CHF) are observed on Tuesdays and Wednesdays. Fridays are busy as well, but only until 12:00 AM. During the second half of Friday the movements can be very unpredictable because major financial institutions and hedge funds are closing their positions for the weekend for security reasons.
WHEN NOT TO TRADE FOREX
Experience traders avoid trading on Friday afternnon and weekends, on closing session, on bank holidays, on Christmas, during prime time TV events, when major economic reports and news are released, and when they are angry
FOREX: TRADING EXAMPLE # 1
Information about a repeated crisis situation in Europe appeared on September 201. It was already possible then to predict that the Euro exchange rate would drop soon.
- Opening the position
- Closing the position
- The Profit = $6,920
A lot is the standard transaction in the forex market, which equals 100,000 units of the base currency.
- mini lot = 10,000 units
- micro lot = 1,000 units
FOREX: SOCIAL TRADING (Copy Trading of Professional Traders & EARN MORE)
If you are too busy to follow news and monitor the charts all day, It is possible to participate in forex trading in an easier and less time consuming way. Social Trading allows you to connect with experienced traders, see their performance statistics (including gain percentages), discuss their trading ideas, learn from their mistakes and copy their success strategies. In essence, you make them work for you.
STEP 1 - FOLLOW TRADERS
Choose traders you want to follow or add to your watch list from the top traders. View their past performance stats, read their status updates on their strategies, see their live positions, analyze results and communicate with them. You can literally tap into the wisdom of the crowd.
STEP 2 - COPY THEIR TRADES & STRATEGIES
If you are satisfied with the results of the trader and you like his trading style, you can copy his trades with one click of a button. the best part is that the trades will be made prpoportionately to your account size - If he deposit 10% of his account into position (which might be 10,000 USD), then you can also open a position with 10% of your account (which might be just $100USD), thus significantly lowering your exposure to risk.
STEP 3 - MAKE PROFESSIONALS WORK FOR YOU
Now you can sit back and watch how experienced traders do the work for you . Your task is to carefully analyze their results and learn as much as possible from their trades. the ultimate goal of social trading is to build a portfolio of the best traders. You must have traders with different risk appetite and various currency pairs or commodities traded so you don't have all your eggs in one basket. It is highly recommended not to allocate more than 20% per trader. Also, before selecting a trader to copy, test him with virtual money.
THE BEST SOCIAL TRADING PLATFORMS
1. eToro
2. Tradeo
3. Zulu Trade
5 TIPS FROM PROFESSIONALS
1. BE CAREFUL WITH FIGURES THAT LOOK TOO POSITIVE
A positive profit margin does not always point to a lasting success, so it is important to investigate how well the trader managed over a longer time frame. test first with a virtual trading account
2. ALLOCATE A MAXIMUM OF 20% PER TRADE
It's not wise to put all of your money in one trade. Diversify risk by only trading 5 - 20% of your total deposit.
3. TALK WITH A PRO
Try to start a conversation with an experienced trader, either online or in person. Ask what amount they recommend for you to copy their trades, what stop loss they recommend, and any other questions you may have. With 3 million users worldwide you may find that your neighbor is one hell of a trader and later go out for a coffee to discuss future investment options.
4. AVOID "YOUNG ACCOUNTS" or "NEW ACCOUNTS"
If you want your investments to be safe, it is recommended to copy traders with at least 1 year of experience.
5. THE TRADER MUST MAKE PERMANENT PROFIT
Review figures of profit and loss of the trader. There are many cases where you can see an increase in the first quarter of the year, but a small drop in a single month.
HOW TO READ FOREX CHARTS
Get acquainted with 3 most popular charts you will encounter in forex.
A bullish or bull market that shows confidence and stability. typically employment is high and the economy is strong, convincing brokers and investors of an upward market trend. The trend continues from bull fights when an opponent is thrown up into the air with the bull's horns.
When bull outweigh bears, indicator turn to the color green, representing a larger demand for currency and thus increasing its value.
So when you spot a bullish market, you want to buy currencies for less and sell for a higher currency price.
BEAR
On the other side of the spectrum is a bearish or bear market. This declining market creates insecurities among brokers and investors who expect trends to go downward. The term is used to signify that the market behaves the same way as a bear in fight by pushing down to the ground. A bearish market is visualize in charts with color red.
When you feel confident that the bear will soon overtake the bull and expect currency rates to fall, you would sell short. this process may seem unclear to many people, so let's break it down. The simplified idea is that you borrow currency from your broker and when the currency price falls, you pay back the broker at the lower price, thus, making profit on the difference. The process is completely automated . We recommend trying the sell - short option in our trading simulator to see exactly how it works.
LINE CHART
The line chart is the most basic chart type and is created by connecting several data points together with a line. The line chart can give you a good idea of how the currency price changes over a given time frame and allows you to keep an accurate track record of historical closing prices.
BAR CHART
The bar chart is used in technical analysis to indicate the highest price a security traded at during the day as well as the lowest price at the top and the bottom of the vertical line respectively. the closing price is displayed on the right side of the bar, and the opening price is shown on the left side of the bar
CANDLE STICK CHART
The candlestick chart resembles a lot to the bar chart, but the major difference is the relationship between the opening and the closing prices. Unlike the bar chart, the candlestick chart emphasizes more on the relationship between the closing price and the opening price of the same day trading.
Bearish - The price decreases
Bullish - The price increases
The dual nature of the financial market is portrayed in the bullish and bearish market.
Bullish (bull market) is the rising market that shows confidence and stability and convinces brokers and investors that the trend will be upward. The term is used to signify that the market fights like when the bull fight and throw their opponents up in the air with their horns.
Bearish (bear market) is the declining market that creates insecurity to brokers and investors who expects that the trend will be downward. the term used to signify that the market goes down like when the bears fight their opponents are being put down.
MULTIPLE TIME FRAME ANALYSIS
The market can be analyze in several time frames: minutes, hours, days, weeks, even months. It may seem that these indicators are contradictory, but they aren't. You just need to combine the readings. Analyses of longer time periods indicate particular trends, ignoring minor accidental changes, whereas daily and hourly charts are use for choosing the perfect timing to open and close a position.
Let's have a look at the daily chart above. what do most novice do when they see such a curve? they assume that its the beginning of a downward trend and bid on the drop of the currency exchange rate. And They're wrong!
Now let's look at the same currency over a longer period oof time above. We see that the days shift was a short term fluctuation and that the trend is bullish (upward) and not the other way around as one might consider by looking at a smaller time frame.
PROFESSIONAL TRADERS USE THE DAILY CHARTS TO SPOT TRENDS AND MINUTE CHARTS TO SET THE ENTRY & EXIT POINTS.
TRENDS
Charts help you understand the overall direction a currency pair is going. The data points show either upward or downward trends, which helps you to decide when to buy or to sell.
- Line chart
- Bar chart
- Japanese Candle sticks chart
To better understand charts, get acquainted with price symbolic movers. While most people are familiar with Wall Street's raging bull symbolizing aggressive financial optimism and prosperity, few understand the bear representing pessimism and declining markets.
BULL
A bullish or bull market that shows confidence and stability. typically employment is high and the economy is strong, convincing brokers and investors of an upward market trend. The trend continues from bull fights when an opponent is thrown up into the air with the bull's horns.
When bull outweigh bears, indicator turn to the color green, representing a larger demand for currency and thus increasing its value.
So when you spot a bullish market, you want to buy currencies for less and sell for a higher currency price.
BEAR
On the other side of the spectrum is a bearish or bear market. This declining market creates insecurities among brokers and investors who expect trends to go downward. The term is used to signify that the market behaves the same way as a bear in fight by pushing down to the ground. A bearish market is visualize in charts with color red.
When you feel confident that the bear will soon overtake the bull and expect currency rates to fall, you would sell short. this process may seem unclear to many people, so let's break it down. The simplified idea is that you borrow currency from your broker and when the currency price falls, you pay back the broker at the lower price, thus, making profit on the difference. The process is completely automated . We recommend trying the sell - short option in our trading simulator to see exactly how it works.
LINE CHART
The line chart is the most basic chart type and is created by connecting several data points together with a line. The line chart can give you a good idea of how the currency price changes over a given time frame and allows you to keep an accurate track record of historical closing prices.
BAR CHART
The bar chart is used in technical analysis to indicate the highest price a security traded at during the day as well as the lowest price at the top and the bottom of the vertical line respectively. the closing price is displayed on the right side of the bar, and the opening price is shown on the left side of the bar
CANDLE STICK CHART
The candlestick chart resembles a lot to the bar chart, but the major difference is the relationship between the opening and the closing prices. Unlike the bar chart, the candlestick chart emphasizes more on the relationship between the closing price and the opening price of the same day trading.
Bearish - The price decreases
Bullish - The price increases
The dual nature of the financial market is portrayed in the bullish and bearish market.
Bullish (bull market) is the rising market that shows confidence and stability and convinces brokers and investors that the trend will be upward. The term is used to signify that the market fights like when the bull fight and throw their opponents up in the air with their horns.
Bearish (bear market) is the declining market that creates insecurity to brokers and investors who expects that the trend will be downward. the term used to signify that the market goes down like when the bears fight their opponents are being put down.
MULTIPLE TIME FRAME ANALYSIS
The market can be analyze in several time frames: minutes, hours, days, weeks, even months. It may seem that these indicators are contradictory, but they aren't. You just need to combine the readings. Analyses of longer time periods indicate particular trends, ignoring minor accidental changes, whereas daily and hourly charts are use for choosing the perfect timing to open and close a position.
Let's have a look at the daily chart above. what do most novice do when they see such a curve? they assume that its the beginning of a downward trend and bid on the drop of the currency exchange rate. And They're wrong!
PROFESSIONAL TRADERS USE THE DAILY CHARTS TO SPOT TRENDS AND MINUTE CHARTS TO SET THE ENTRY & EXIT POINTS.
TRENDS
Charts help you understand the overall direction a currency pair is going. The data points show either upward or downward trends, which helps you to decide when to buy or to sell.
BASICS Of FOREX
The foreign exchange market determines the relative value of different currencies. the price of a currency is actually a reflection of what the market thinks about the currency and future condition of a country's economy compared to other economies.
When you buy US dollar with British Pounds, you are in fact buying shares of US economy, expecting the US economy to out perform the UK economy.
In short the main task of a forex trader is to buy a currency pair when exchange rates are expected to rise in the future, then sell a currency when its exchange rate is expected to fall.
CURRENCY PAIRS
Are divided in major, crosses, and exotics. Major represents develop economies and are highly liquid with low spreads. they are stable and predictable in relation to other asset classes such as small cap equities and stocks. Major includes EUR/USD, GBP/USD/ USD/JPY, USD/CHF, USD/CAD, AUD/USD and NZD/USD
Crosses do not include the US Dollar in th ecurrency pair and are ideal for diversification. Crosses include GBP/JPY, EUR/GBP, CAD/JPY, AUD/CAD, EUR/AUD, and NZD/JPY.
Exotics include a currency from a developing country, so they are extremely illiquid with very high spreads. Examples include the Hong Kong dollar(HKD), Singaporean dollar (SGD), Russian Ruble (RUB), the Indian Rupee (INR) and more. Also, the currencies of the Scandinavian countries are considered exotic, although they represent develop economies.
There are many traders who successfully trade other types of pairs too, but a general rule of thumb for beginners is to start off trading the most common currency pairs.
HOW TO READ QUOTES?
EUD / USD
1 / 1.1302
Currency pair quotes may sound confusing at first, but reading them is actually pretty straight forward. in the example above the EUR quote of 1.1302 show how much 1 EUR is worth in Dollars. This means that one EURO is worth 1.1302 US Dollars. The base currency is always the first one listed in the pairing
PIP
Price Interest Point represents the smallest change in the currency pair. Typically, it is the fourth decimal point, although many brokers quote using the fifth decimal. However the fifth decimal doesn't really affect the price as it changes really quickly.
currency pairs that include the US Dollar, a PIP is 1/10,000 of the Dollar, whereas when the currency pair includes the Yen, a PIP is 1/100 of a Yen because the Yen is closer in value to 1/100 of other major currencies
SPREAD
The difference between sell quote and the buy quote (in pips). The higher the liquidity of a currency, the lower the spread.
WHAT INFLUENCES CURRENCY RATES
CENTRAL BANKS
- Interest Rates
- Quantitative easing
NATIONAL ECONOMY
- GDP, inflation, deflation
- Trade balance reports
- Employment statistics
POLITICS
- Stability of government
- Public statements
- Change of official
- Military conflicts
In Forex, all information are transparent and instantly available, and, therefore, trading decisions are based on real facts and not just inside information like in the case of the stock market. Also, economic factors likethe interest rates and inflation are accuratelyand instantly released by reliable sources like Reuters, Economist, Bloomberg etc. but also from governmental agencies. Economic data can really caused market fluctuations and forex brokers can take advantage of the situation to realize a profit.
LEVERAGE - THE GOLDEN TOOL
Through the use of leverage, you can invest a small amount of money while trading larger positions through a loan from your broker. when the trade closes your broker deposits the money into his account. All processes are made automatically through the trading platform. Leverage is presented in the form of a multiplier that shows how much larger the open position is against the margin (the actual investment amount) when it is opened.
The typical options of leverage in forex include 50:1, 100:1, and 200:1, In the US the maximum allowed leverage is 50:1. Anything above 200:1 is considered very high risk. Here's an example to illustrate how leverage works. In order to open a $10,000 position you can use a margin (investment) of $200 with a leverage of 1:50 ($200 x 50 = 10,000).
Using leverage allows you to increase the potential of realizing a profit between 50 and 200 times faster but the potential for loss is the same. We recommend using caution and starting off slow.
HOW TO CHANGE THE LEVERAGE
The best platform enables you to edit the leverage level and margin of each position to suit your personal risk-reward strategy with just one click.
TIPS AND WARNINGS
- Never risk all your money in one transaction. Experience Pros typically recommend diversifying your risk by spreading out around 5% of your total deposit per trade.
- Start slow at first, so that you can build both experience and confidence in tradin. You can always increase leverage and profit as you learn the ins and outs of forex.
- Set up a stop order loss, which tells your broker to sell a currency if it hits a certain price. While its great to think positive and trust your trading strategy to open trades, it's just as important to consider the worst scenario and determine how much you are comfortable losing on each trade.
- The leverage available on positions carried over the weekend, make sure your margin is sufficient to avoid a margin closeout.
Why FOREX?
NO CRISIS
Trading currencies can be exciting and lucrative, but if you're just starting out, the process may seem overwhelming. Don't worry - we can refer you to something very helpful.
The GoForex app saves you valuable time by helping you master beginner forex trading skills in a fun and easy way You can even become the next George Soros!
You;ll learn and play throughout GoForex. After learning Pro Trading tips and currency movement predictions, you'll then test your knowledge in the real time trading simulator
A FEW GOOD REASON TO TRADE FOREX
During a global financial crisis, the stock market declines, the real estate transactions freeze and the retail sector may suffer high losses or even bankruptcy. In contrast, Forex can remain profitable even in the worst of times because currencies are always traded in pairs. When one currency declines, there is always another currency with a rising value, regardless of the broader market conditions. In short you are able to make money regardless of whether the market is trending up or down.
WORK WHILE LYING IN A HAMMOCK
One of the main advantages of FOREX trading is that you can work from anywhere! All you need is a computer and/or a smartphone and an internet connection. Many successful FOREX traders use advance trading apps on their iphone and Android smartphones and tablets. So, choose the workspace and lifestyle that suits your trading goals and be your own boss!
START WITH $100
Unlike any other financial market, Forex has low entry cost due to the large number of market participants. Also the increasing competition among brokers lowers their commission and consequently transaction cost. Currently Forex is the most cost effective market for retail investors. In Forex, you can start trading with $100 - $2,000. As you start to get stronger grasp of forex trading and risk management, invest more. You lower the risk of making rookie mistakes and increase you chance to make a higher and steadier profit.
EASY RULES
Unlike stock markets Forex works with 8 currencies, which are based currencies in most trades. In addition the currency exchange rates are influence by significantly less factors than those that influence the stock exchange rates.
SELL AT ANY TIME
With a daily turnover of $5 Trillion, the Forex is the most liquid financial market. There is always a buyer when you want to sell and there is always a seller when you want to buy. This is highly reassuring! But it can get better, if you build money to earn more money, which you can withdraw whenever you want!LEARN FROM PROs WITH SOCIAL TRADING
Now when technology is so developed and internet access is everywhere, you are free to use it on the go. With a new ground breaking innovation Forex social trading you can follow and learn from professional traders or even copy them automatically and make them work for you. Just monitor their success on the go with the mobile app.
Subscribe to my channel: youtube.com/totipatrimonio
Mega Millions: 20-Year-Old 'Retired' After Winning $451 Million Jackpot
Source: MSN News: Mega Millions: This Florida 20-Year-Old 'Retired' After Winning $451 Million Jackpot, Here's How he Plans to Spend the Money
A 20-year-old Florida man said he hopes to “do some good for humanity” after winning the $451 MegaMillions jackpot. Shane Missler bagged the prize last Saturday, when he drew five winning numbers and the “mega ball” to claim the fourth largest prize in Mega Millions history.
"Oh. My. God," he wrote on Facebook on January 5 after learning of his win.
Shane Missler, 20, claimed the 4th largest prize in Mega Millions history Facebook
He has chosen to claim the prize in a $281.2 million lump sum payout, rather than several payments over a period of years.
He told the Florida Lottery he intends to use his newfound wealth to buy a new home in Tampa, pursue a “variety of passions,” and help others.
"I intend to take care of my family, have some fun along the way, and cement a path for financial success so that I can leave a legacy far into the future," Missler said in a statement. "I have always been one to encourage the idea of chasing dreams and I believe life is about the pursuit of passion. I am 20 years old and my journey has only just begun."
Missler, who has “retired” from his job as a background screening worker, said the first person he told about his good fortune shortly after seeing his numbers come up was his brother. The following morning he said he broke the news of the win to his father over a cup of coffee.
The winner told Lottery organizers he believed in the power of a positive thinking and that the win had not come entirely as a surprise. He said he had "a feeling" that he might be fortunate.
"The power of positive thinking should not be underestimated!" he tweeted on January 7.
Missler tweeted a photo of a book by businessman Gary Vaynerchuk which he gives the “thumbs up”, and added: "Young entrepreneur in the making.
A 20-year-old Florida man said he hopes to “do some good for humanity” after winning the $451 MegaMillions jackpot. Shane Missler bagged the prize last Saturday, when he drew five winning numbers and the “mega ball” to claim the fourth largest prize in Mega Millions history.
"Oh. My. God," he wrote on Facebook on January 5 after learning of his win.
Shane Missler, 20, claimed the 4th largest prize in Mega Millions history Facebook
He has chosen to claim the prize in a $281.2 million lump sum payout, rather than several payments over a period of years.
He told the Florida Lottery he intends to use his newfound wealth to buy a new home in Tampa, pursue a “variety of passions,” and help others.
"I intend to take care of my family, have some fun along the way, and cement a path for financial success so that I can leave a legacy far into the future," Missler said in a statement. "I have always been one to encourage the idea of chasing dreams and I believe life is about the pursuit of passion. I am 20 years old and my journey has only just begun."
Missler, who has “retired” from his job as a background screening worker, said the first person he told about his good fortune shortly after seeing his numbers come up was his brother. The following morning he said he broke the news of the win to his father over a cup of coffee.
The winner told Lottery organizers he believed in the power of a positive thinking and that the win had not come entirely as a surprise. He said he had "a feeling" that he might be fortunate.
"The power of positive thinking should not be underestimated!" he tweeted on January 7.
Missler tweeted a photo of a book by businessman Gary Vaynerchuk which he gives the “thumbs up”, and added: "Young entrepreneur in the making.
Agdao Coop Now Offers Travel Loan to its Members
 |
| Image credit: fabtimeshare.com |
Today, the Membership Committee headed by Vice chairperson Alfred Allaga meets the group of Travel and Tour operators in Davao to discuss terms of Travel agency accreditation process. After this a Memorandum of Agreement (MOA) will be prepared and on the Agdao Coops assemblies coming February and March, the Travel Loans together with the accredited agencies MOA shall be signed and subsequently launch.
Agdao Coop Partners Memorial Services Cooperative Federation (MSCF)
Davao. Today the management of Agdao Coop meet with the Marketing Manager of Memorial Services Cooperative Federation (MSCF) to discuss partnership in servicing members of Agdao Coop.
This partnership will benefit members in terms of memorial services as offered by MSCF. The flagship product of MSCF which is the PLAN 365 (Cost of Php 365 p.a.) allows coop members a memorial service benefit equivalent amount of Php 25,000. For a price of Php 365 members beneficiaries will have additional benefit of Php 25,000 worth of memorial services. In Davao, the MSCF ties up with Toril Community Cooperative Memorial Services in Toril in servicing Davao partner cooperatives.
This service is very cheap considering a member shall contribute an equivalent of 68 years before the contribution of Php 365 equals the benefit of Php 25,000. The caskets offered MSCF for the PLAN 365 is equivalent the Php 35,000 PLAN offered by competitors in the market.
Subscribe to:
Posts (Atom)
-
You'll need the Audited FS of your cooperative to start with. the following data's are important in computing the Dividend and Pa...
-
Secretary Gary B. Teves signed the RMC 57-2009 dated October 5, 2009 directing the BIR to stop issuing tax assessments to cooperatives duly ... -
There are rising awareness among regular citizen to realize that it is better to deposit money in cooperatives than commercial banks. We...
-
There are several deposit products of FICCO, they're listed below: Savings Deposit. Deposit that can be withdrawn anytime, provided it i...
-
This is the cover page of the 54th FICCO Annual Report. The theme for this year is "Forging On Amid The Meltdown" (Padayon sa Pag-... -
In this video, we look at the top 5 technical indicators successful spread betters create their trading strategies from. We look at what t...
