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CRUDE OIL Remains Bullish, Resumes its Broader Medium Term Uptrend

jeudi 28 septembre 2017
CRUDE OIL: With the commodity bullish and resuming its broader medium term uptrend on Thursday, further strength is expected in the days ahead. On the downside, support resides at the 52.00 level where a break will expose the 51.50 level. A cut through here will set the stage for a run at the 51.00 level. Further down, support resides at the 50.50 level. On the upside, resistance resides at the 53.00 level. Further out, resistance comes in at the 53.50 level. A break above here will aim at the 54.00 level and then the 54.50 level followed by the 55.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside medium term.





CRUDE OIL Remains Bullish, Resumes its Broader Medium Term Uptrend
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Unrealistic/irrational expectations from traders

mardi 26 septembre 2017
“If there were a cornerstone to trading it would be the ability not only to be resilient when in drawdown but also to accept that we get things wrong. Sometimes there is a flaw in our methodology that we have not seen and that we simply have been lucky up until this point. This does raise the question of when do you know you have entered this spiral of self destruction and to my way of thinking the answer is not that hard. If you have been losing money for the better part of a decade then it is fairly obvious that there is something seriously wrong in your methodology.” – Chris Tate

Can you make 1,000% returns per year from trading?

I DON’T THINK SO.

Every so I often I am party to an email from someone who should know better. This particular email was around the topic of returns that could be expected from a novice trader. This email asserted that they were looking at the order of 1,000% pa, which in anyone’s language is a tall order.

I can understand how people get these figures in their heads, the internet is awash with people claiming that you can give up your day job and intraday trade FX with $5,000 and live like royalty with no risk. Intriguingly I have once again started receiving spam emails from people claiming that options writing is a no risk cash flow generating strategy.

As such it is easy to see how peoples psyche becomes infected with this sort of nonsense and how with little real world experience they are sucked in.

However I was curious as to what the numbers would look like if you were making 1000% pa so I fired up Excel and let it rip with a starting balance of 1,000.

Please check here to see the figure: http://ift.tt/2fNKRQW

I don’t even know how to say that last number. Suffice to say that somewhere around the first months of year 7 you are the richest person in the world and by the end of year 10 I think you have all the money.

Author: Chris Tate

Article reproduced with kind permission of: Tradinggame.com.au

Another great quote ends this article:

“You should spend a great deal of time and thought on your exit strategies, for one very good reason: you don't make money when you enter the market, you make money when you exit the market. Far too many people focus only on market entry, or what to buy, rather than on when to sell. If you approach trading with an exit strategy, it will benefit you right away.

Your system should reflect your beliefs (i.e., who you are as a trader and as a person). Many people are just looking for “any system that works,” but if your trading system doesn’t match your beliefs about the markets, you will eventually find a way to sabotage your trading.” – Van Tharp Institute


www.tallinex.com wants you to become a successful trader



Unrealistic/irrational expectations from traders
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Weekly Trading Forecasts for Major Pairs (September 25 - 29, 2017)

dimanche 24 septembre 2017
Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
On September 18 and 19, this pair made a faint bullish attempt, only to come down on September 20 (and then went upwards on September 21 and 22). Since there is no conspicuous victory between bull and bear, the market remains in a neutral region. There is a need for price to go above the resistance line at 1.2050 (staying above it); or go below the support line at 1.1850 (staying below it). That is when there would be a directional bias.

USDCHF
Dominant bias: Bullish
This pair has generated a bullish signal, owing to a visible bullish effort that was made last week. Price first consolidated in the first few days of the week, and then rose upwards. Further rise is possible this week, as the resistance levels at 0.9700, 0.9750 and 0.9800 are targeted. A drop below the support level at 0.9650 would force the market back into a neutral territory, while a drop below the support level at 0.9500 would end in a strong bearish bias.

GBPUSD
Dominant bias: Bullish
GBPUSD consolidated throughout last week – albeit in the context of an uptrend. Price has gained roughly 700 pips this month, and there are chances to gain more. The distribution territory at 1.3650 (which was tested last week) would be breached to the upside, as price goes for other distribution territories for the rest of September. The outlook on GBP pairs remain bullish for this week.

USDJPY
Dominant bias: Bullish
This trading instrument went upwards by 150 pips last week, testing the supply level at 112.50 and then getting corrected a bit lower. There is a clean Bullish Confirmation Pattern in the market, which signals further bullish movement this week. The supply levels at 112.50, 113.00 and 113.50 might be reached before the end of the month. The demand levels at 111.50 and 111.00 would impede bearish attacks along the way.

EURJPY
Dominant bias: Bullish
This cross has become bullish in the long-term and in the short-term. Last week price went upwards by 190 pips, and then followed a shallow correction on Friday. Following the shallow correction would be a rise towards the north, as price slashes the supply zones at 134.00, 134.50 and 135.00 to the upside (possibly exceeding them). The outlook on JPY pairs is strongly bullish for this week.

GBPJPY
Dominant bias: Bullish
The market gained about 1,100 pips this month, before the bearish correction that was witnessed on Friday. Further bearish correction could take place, but it should not be significant enough to result in a bearish bias (JPY pairs are mostly expected to go upwards this week). The bearish correction would end up giving opportunities to join the existing bullish trend, at better prices. A gain of 200 – 300 pips is anticipated before the end of September.

This forecast is concluded with the quote below:

“Trading goes best when it is yoked to rewards… that are independent of the most recent trading results.” - Brett Steenbarger, Ph.D.

Source: www.tallinex.com



Weekly Trading Forecasts for Major Pairs (September 25 - 29, 2017)
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STP Execution trading platform

samedi 23 septembre 2017
From my first day of trading I have been using LQDFX which is real STP Execution trading platform and for all time make sure security of funds , superior execution for trading , easy withdrawal system without long time process, active customer services and much more real trading facilities that are very supportive to lead a comfortable trading life with certainly. and they don’t restrict any don’t restrict any kinds of trading techniques with scalping and hedging. so, my trading life is very much comfortable.



STP Execution trading platform
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USDCHF Follows Through Higher On Bull Pressure

vendredi 22 septembre 2017
USDCHF: With the pair following through higher on the back of previous week gains the past week, more strength should follow. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9750 level where a break will clear the way for more strength to occur towards the 0.9800 level. Further out, resistance comes in at the 0.9850 level. Above here if seen will turn attention to 0.9900. All in all, USDCHF faces further upside pressure short term





USDCHF Follows Through Higher On Bull Pressure
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Brokers Tips

vendredi 22 septembre 2017
All the traders we have a choice of the broker to be used , should the trader can choose a broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker that allows trading concept such as this. Otherwise it will be more difficult to survive, basically in spite of a profitable trading approach scalping don’t allow by and large regulated trading platforms in their trading brokers.



Brokers Tips
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Power of mental stability in your trading performance

mercredi 20 septembre 2017
Majority of the trader is looking to become a professional trader to secure their financial freedom. Those who are trading the Forex market for a long period of time have developed unique sets of skills to deal with this market. But to make a profit on a regular basis you need to understand the nature of this market. The Aussie people are one step ahead in the Forex field since the majority of them knows about the importance of proper education in Forex trading. But learning all the details about technical and fundamental analysis is not going to make you a successful trader. You need to have the strong mental stability to deal with the dynamics of this market. In the eyes of some trained professional success is more related to stable psychology rather than knowledge. But you can’t develop your psychology without learning the details of this market.

Sentiment analysis
Sentiment analysis is the third major part to become a successful trader. This something that you can never really learn rather it will develop deep inside you. Most of the retail traders execute their trade based on technical analysis but they never realize the fact that this market pays more attention to trader’s sentiment. So try to understand the language of the market to execute profitable trades.

The human beings are programmed by nature. By default, they can’t embrace a simple loss. Those who want to become a professional trader should be more concern about psychology. Ask yourself whether you can afford consecutive losses and trade the market without taking any huge risk. If the answer is NO then to stop trading the market. If it’s a yes then there is long distance journey for you. Start learning from the professional trader about this Forex trading profession and change the way think about this market. Trading is not about making a profit rather it’s all about managing your risk. If you take the risk then you need to make sure that you will earn twice than your risked amount. This is often known high risk-reward trading in Forex.

Emotions of the Forex trader
Those who trade the Forex market for their very first time has a tendency to listen to their emotion. But you must realize the fact that this market is all about precise rational price movement. So you need to use your rational logic to find high-quality trading signals in favor of the market trend. If you do so then within a short period of time you will be able to love your losing trades. But embracing the losing trades doesn’t mean that you will always big losers in your portfolio. If you ever trade with the high-class broker Saxo then seeks help from their professional trader. Ask them how they are leading their life based on trading. You will be surprised to hear their answer since all of them will give you the same statement. You need to trade the market without any emotional attachment. The moment you bring emotion to your trading, you are bound to make mistake. If you think that you are losing control over emotions then stop trading for that day.

Life of the professional trader is perfect in every way. They always assess their risk factor to place their trade. Since most of the high-class broker like Saxo offers a demo account, it’s better for you to develop your trading skills in a demo environment. It’s true that mistakes are inevitable in trading but if you follow the proper rule of money management then even after losing 6 trades out 10, you will be on the profitable system. Always aim for 1:2 or better risk reward ratio during your trade execution. Making money out of trading should never be your main concern. You should always think about investment and assess your trade history to find your faults. If can stay sound psychologically then this profession will be the best solution for your financial need.



Power of mental stability in your trading performance
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Weekly Trading Forecasts for Major Pairs (September 18 - 22, 2017)

lundi 18 septembre 2017
Here’s the market outlook for the week:

EURUSD
Dominant bias: Neutral
The market is bullish in the long-term and neutral in the short-term. There was a slight bearish movement last week, but that was not significant. This week, price would either go above the resistance line at 1.2050, to strengthen the long-term bullish outlook; or price go below the support line at 1.1850 (which was tested last week), staying below it, to bring about a short-term bearish bias.

USDCHF
Dominant bias: Neutral
USDCHF is bearish in the long-term, but neutral in the short-term. From Monday to Wednesday, price went upwards by more than 200 pips, to test the resistance level at 0.9700. However, price began to come downwards on Thursday and Friday, thus rendering the short-term bullishness of the market vulnerable. To bring about a clean bullish bias, there is a need for the market to go upwards this week, staying above the resistance level at 0.9700; otherwise a strong bearish movement would result in a bearish bias. Movements between the resistance levels at 0.9700 and the support level at 0.9500 would enable the neutrality of the market to continue.

GBPUSD
Dominant bias: Bullish
This trading instrument has become seriously bullish. Price has gone upwards by 680 pips this month, and there is much room for it to go upwards this week. The instrument has closed just below the distribution territory at 1.3600 on Friday. The distribution territories at 1.3600, 1.3650 and 1.3700 would be reached this week (even if there would be any reversals later).

USDJPY
Dominant bias: Bullish
USDJPY is bullish in the short-term, but bearish in the long-term. The market went bearish in the first week of this month and went bullish last week, generating a bullish signal. There is a possibility that the supply levels at 111.00 (which was tested last week), and 111.50 would be reached. On the other hand, there is a stronger possibility that price would go bearish this week, so the demand levels at 110.00, 109.50 and 109.00 could be reached this week.

EURJPY
Dominant bias: Bullish
The market rose from the demand zone at 130.00, and went upwards to test the supply zone at 133.00. This has resulted in a bullish bias, and further bullish movement could be seen as price makes more attempt to continue going northwards. However, the outlook on JPY pairs is bearish for this week, and EURJPY may also experience a vivid pullback before the end of the week, and that is something that could bring about a bearish bias on the market.

GBPJPY
Dominant bias: Bullish
Last week, GBPJPY proved to be the strongest moving pair among JPY pairs. Price gained more than 820 pips, causing a huge Bullish Confirmation Pattern in the market. Further bullish movement could be seen this week, taking price towards another supply zones at 151.00 and 151.50. Then, there is a high probability of a large pullback before the end of this week, owing to a bearish expectation on JPY pairs.


This forecast is concluded with the quote below:

“Over the years, I've had the most profitable results by always making an attempt to receive pay for the risk I am taking. I want to be paid to trade.” – Joe Ross

Source: www.tallinex.com



Weekly Trading Forecasts for Major Pairs (September 18 - 22, 2017)
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Rate only LQDFX

vendredi 15 septembre 2017
I can rate only LQDFX which always ensures security of funds at any kinds of investments, lowest trading spreads for using any trading strategies freely, low transaction cost, easy withdrawal system without long time process, active customer services and much more that are very supportive to lead a comfortable trading life with certainly. And they don’t restrict any kinds of trading techniques with scalping and hedging.



Rate only LQDFX
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Warum sollte man den Forex Handel von den Profis lernen

vendredi 15 septembre 2017
Der Forex Handel ist recht knifflig. Wenn Sie sich die Erfolgsraten anschauen, werden Sie feststellen, dass nur fünf Prozent der Händler in dieser großen Branche konstant Gewinne machen. Was ist der wahre Grund, warum die anderen Millionen Händler nicht Geld verdienen konnten? Haben Sie einfach kein Glück oder arbeiten Sie nicht genügend? Diese vielen Fragen beschäftigen Anfänger. Wenn Sie keine klaren Antworten auf die Fragen bekommen, werden Sie niemals einen Karrieresprung machen. Wo findet man also die beste Unterweisung im Forex Handel?

Es gibt viele Wege, zum Meisterhändler zu werden. Die alte Schule des Tradings ist immer besser. In der Vergangenheit haben wir unsere Lektionen aus Büchern und mit Hilfe unserer Lehrer gelernt. Auf ähnliche Art und Weise sollten Sie im Devisenhandel auf erfolgreiche Trader setzen und diese als Ihre Mentoren annehmen. Wenn Sie in deren Fußstapfen treten, werden Sie sehr schnell die wirkliche Natur des Marktes verstehen können.

Professionelle Händler können Ihnen Antworten geben
Wenn wir lernen wollen, wie man Fußball wie Maradona oder Pele spielt, gehen wir dann in einen Buchladen oder kaufen uns Bücher über deren Leben? Wir kaufen uns einfach DVDs und schauen uns deren Spiele an. Wir schauen uns diese legendären Spieler in ihren wichtigsten Begegnungen an, sind von ihren Spielzügen gebannt und können es immer noch kaum glauben. Es ist die Magie dieser Spieler, die uns seit Generationen fasziniert. Wenn Sie ein erfolgreicher Fußballspieler werden wollen, müssen Sie sich DVDs der besten Fußballspieler anschauen. Warum also nicht das gleiche beim Devisenhandel tun? Der CFD Handel ist nicht schwierig, wenn Sie richtig an die Hand genommen werden. Sie sollten sich an erfahrene Händler wenden, damit diese Sie in den Markt einweisen. Das heißt aber nicht, dass Sie, nur weil Sie sich an diese erfahrenen Händler wenden, zu Unmengen Geld kommen werden. Sie müssen auf jegliche Art und Weise hart dafür arbeiten. Ohne Beharrlichkeit und starke Hingabe hat niemand in dieser Welt der Finanzen Erfolg.

Die Profi-Händler sind die klügsten Menschen in die Branche, welche Ihnen aufgrund ihrer Lebenserfahrung gute Ratschläge geben können. Sie kennen jeden Anfängerfehler, wissen, wann bei den Menschen die Gier erwacht und wann diese zum Schluss kommen, dass der Devisenhandel einfach nichts für sie ist. Sie kennen dies, weil sie genauso wie wir waren. Sie können Ihren Studienkollegen vorgaukeln, dass Sie gestern krank waren. Aber Sie können Ihren Unidozenten nicht damit täuschen. Wenn Sie wirklich daran Interesse haben, Ihre Karriere voranzutreiben und einen Vorsprung von Millionen von anderen Händlern zu haben, sollten Sie sich von diesen Profis ausbilden lassen.

Aber das kostet Geld, oder?
Was haben Sie erwartet? Sie suchen sie auf und sie machen es umsonst? Willkommen in der wahren Welt. Sie müssen das uralte Konzept des Gebens und Nehmens verstehen. Sie müssen ihr Geld investieren und es ihnen geben, um an deren Erfahrung und Strategien teilhaben zu können. In Bildung zu investieren, ist etwas, an dem man nicht sparen sollte. Ihre Handelsergebnisse werden sich schnell verbessern. Sie werden dramatische Unterschiede sehen, wenn Sie professionell ausgebildet worden sind. Seine Sie kein Geizhals. Investieren Sie Ihr Geld, um professionell für den Forex Handel ausgebildet zu werden. Ein einzig, bezahlter Trading-Kurs wird Ihnen eine riesige Menge Geld sparen. Wenn Sie das Handwerk des Tradings nicht erlernen, werden Sie am Ende des Tages mehr Geld verlieren, als ein bezahlter Trading-Kurs gekostet hätte.

Fazit: Wenn Sie Ihrer Karriere in der Finanzbrache einen Kick geben möchten, sollten Sie über einen bezahlten Lernkurs bei einem der Profis nachdenken. Dieser wird Ihnen dabei behilflich sein, Ihre Gedanken und Ideen über diesen Markt zu ordnen. Viel zu lesen und wissbegierig zu sein, ist ein wesentlicher Teil dessen, um zu einem erfolgreichen Trader zu werden.



Warum sollte man den Forex Handel von den Profis lernen
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Importanza del Candeliere e della Sequenza di Fibonacci durante il trading con Criptovaluta

jeudi 14 septembre 2017
Chiunque investa in criptovaluta nel trading dovrebbe sapere cosa sono i candelieri e la sequenza di Fibonacci per diventare un trader di successo. Secondo Claudio Autiero questi due elementi, quando implementati, hanno la capacità di aumentare il tasso dei profitti.

Analisi del Candeliere

I candelieri sono una delle metodologie più importanti per tenere traccia del comportamento del mercato e del percorso da seguire. Introdotta in Giappone, questa metodologia è ora utilizzata in tutto il mondo in quanto rivela più cose riguardo il mercato della criptovaluta. Il corpo del candeliere indica l'apertura e la chiusura e le candele indicano gli alti e i bassi. Come dice l'esperto di criptovalute Claudio Autiero, i modelli e le formazioni dei candelieri sono affidabili e aiutano a decidere quando acquistare e vendere criptovalute. L'analisi del candeliere a 4 ore o a tempi più lunghi fornisce segnali più forti.

 Marubozu
Il candeliere Marubozu indica che i venditori (o acquirenti) hanno controllato tutto il tempo. I candelieri hanno grandi corpi con micce piccole o con nessuna miccia. Quando la posizione di chiusura è notevolmente alta alla fine del periodo, è molto probabile che il prezzo aumenterà. Il fondo del candeliere di un Marubozu rialzista funge da supporto, mentre la parte superiore del candeliere di un Marubozo ribassista agisce da resistenza.

 Doji
Il modello Doji ha molte varianti. Se il Doji viene osservato vicino al livello di supporto o di resistenza, allora c'è una grande probabilità di inversione. È importante conoscere la posizione di un candelabro Doji sul grafico. Studiando il Doji con l'azione del prezzo precedente, è possibile raccogliere ulteriori informazioni sul mercato. La sua funzione principale è identificare l'endpoint della tendenza attuale.

Altri modelli di candelabri come l'"Hammer" sono usati per scovare inversioni. Il "Morning Star" o il modello multi-candelabro è sia rialzista che ribassista. Ogni candelabro fornisce informazioni su apertura e chiusura e su prezzo alto e basso entro il termine specificato.

La sequenza di Fibonacci
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, ..., ∞
Questa è la sequenza di Fibonacci dove la differenza comune è di circa 1.618 o il Golden Ratio. La sequenza di Fibonacci è utilizzata per capire dove acquistare la nuova tendenza una volta che la tendenza è stata stabilita. I livelli frattuali sono utili per identificare il punto basso swing e il punto alto swing. È anche importante identificare il punto esatto in cui la tendenza potrebbe invertirsi. I livelli di ritracciamento servono come punti di ingresso, mentre i livelli di estensione sono i punti di uscita. Interpretando correttamente la sequenza di Fibonacci, è possibile spendere meno bitcoin e tuttavia acquistare gli elementi necessari. Archi, ritracciamenti, fan, estensioni e zone temporali sono cinque tipi di strumenti di trading basati sulla sequenza di Fibonacci.

I candelieri sono i migliori nell'identificare quando acquistare o vendere criptovalute. La sequenza di Fibonacci è di solito utilizzata dopo un breakout.



Importanza del Candeliere e della Sequenza di Fibonacci durante il trading con Criptovaluta
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Weekly Trading Forecasts for Major Pairs (September 11 - 15, 2017)

lundi 11 septembre 2017
Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
The pair went upwards last week, gaining about 200 pips. Price moved briefly above the resistance line at 1.2050, and then closed below it on Friday. There is a strong bullish outlook on EUR pairs this week, and therefore, the pair is supposed to continue to go upwards, gaining at least, another 200 pips. There would be pauses and occasional corrections along the way, but the movement this week would generally be bullish.

USDCHF
Dominant bias: Bearish
USDCHF is bearish, both in the long-term and the short-term. Price went downwards by 150 pips, tested and breached the resistance level at 0.9450. The pair is now under the resistance level at 0.9450, targeting the support levels at 0.9400, 0.9350 and 0.9300. USDCHF cannot be expected to rally meaningfully as long as EURUSD is strong. Therefore, the bias is bearish for this week, and long trades are not currently rational.

GBPUSD
Dominant bias: Bullish
GBPUSD has become bullish after rallying by more than 280 pips last week, testing the distribution territory at 1.3200, and closing slightly below it. There is a Bullish Confirmation Pattern in the market and price is thus expected to continue going upwards this week, reaching the distribution territories 1.3250, 1.3300 and 1.3350. These distribution territories may even be exceeded as price moves further upwards.

USDJPY
Dominant bias: Bearish
This currency trading instrument dropped about 210 pips last week, testing the demand level at 107.50 and closing above it. Since the high of July 11, price has dropped 660 pips and there is much room to drop more. Nonetheless, the outlook on JPY pairs is bullish for this week, and while the demand levels at 107.00, 106.50 and 106.00 could be reached, there is also a high possibility of a strong rally before the end of the week.

EURJPY
Dominant bias: Neutral
Unlike USDJPY, this cross rather consolidated last week, refusing to assume a bearish movement. One reason behind this is the fact that EUR is strong in its own right and its strength versus strength of JPY are almost equal (hence the short-term equilibrium phase in the market). Price is going to move out of balance this week, as JPY becomes weaker eventually, allowing this cross to rally massive before the end of the week.

GBPJPY
Dominant bias: Bearish
This trading instrument is bearish in the long-term, but neutral in the short-term. Price has done nothing except to zigzag upwards and downward. The market environment is quite choppy and it would be better to wait until it either goes above the supply zone at 142.60 (staying above it); or it goes the demand zone at 141.10 (staying below it). Until one of these two conditions are met, price would remain directionless in the short-term. The most probable direction this week is towards the north.


This forecast is concluded with the quote below:

“How often you win isn’t important. How much you win is.” – Rayner Teo

Source: www.tallinex.com



Weekly Trading Forecasts for Major Pairs (September 11 - 15, 2017)
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High leverage , High Risk ?

samedi 9 septembre 2017
Even though by and large traders in particularly the newcomers consider high leverage at much risk, but I don’t consider it at all. if there is any risk it is completely with non-sense planning and zero risk management policy , nothing to do with high leverage at all. For avoiding risk, I always use 1:100 leverage in spite of having up to leverage 1:500 that always ensures my trading broker LQDFX. But in my demo trading I always use high leverage to see the performance how it works. So, before trading with high leverage we the traders first of all have to know how to manage risk.



High leverage , High Risk ?
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security is a Major issue ?

vendredi 8 septembre 2017
In Fx trading we the traders first of all have to ensure the security issue, if we want o lead a comfortable trading life with certainly. We can choose the broker which always guarantee their clients funds. That’s why from my first day of trading I have been using LQDFX which always ensures secure trading environment for their cline by providing security of funds at any kinds of investments with a wide range of trading technologies. And from here I can use any kinds of trading strategies including lowest trading spreads.



security is a Major issue ?
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Good trading knowledge is enough ?

mercredi 6 septembre 2017
Despite of good trading knowledge that’s not possible at all to lead a comfortable trading life with certainly without having lowest trading spreads, because the broker can affects the result of our trading with certainly , now I am trading with LQDFX which for all time ensures best trading environment for using any kinds of trading techniques by providing flexible trading spreads from 0 pips. So, my trading life is very much comfortable when trading.



Good trading knowledge is enough ?
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Weekly Trading Forecasts for Major Pairs (September 4 - 8, 2017)

dimanche 3 septembre 2017
Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
EURUSD is bullish in the long-term and bearish in the short-term. Price went upwards on Monday and Tuesday, testing the resistance line at 1.2050. After that, a serious bearish correction took place as price went down by roughly 200 pips after the aforementioned resistance line was touched. This week, any rallies would meet a strong opposition at that resistance line of 1.2050. On the other hand, price may also target the support lines at 1.1850 and 1.1800.

USDCHF
Dominant bias: Neutral
This pair has been consolidating for 5 week – hence the current neutral bias on the market. Price has oscillated between the support level at 0.9450 and the resistance level at 0.9650. For the current neutral bias to end, there is a need for price to either cross the resistance level at 0.9750 to the upside or move below the support level 0.9450, staying below it. Either of this is expected to happen this week, for there would be a rise in momentum.

GBPUSD
Dominant bias: Bearish
GBPUSD is bearish in the long-term, though it consolidated throughout last week. There is an expectation of some bearish movement this week, which may make price test the accumulation territories at 1.2900, 1.2850 and 1.2800. However, given the current price action, some bullish effort may enable price to go upwards by around 100 – 150 pips, but the upwards movement would be limited.

USDJPY
Dominant bias: Bearish
USDJPY us generally bearish, but the recent bullish effort has resulted in a threat to the bearish trend. Last week, price tested the demand level at 108.50 and then bounced upwards, reaching the supply level at 110.50. On Friday, the market closed above the demand level at 110.00, and this has become a threat to the bearish outlook on the market. A movement above the supply level at 111.00 would result in a bullish bias; while a movement below the demand level at 109.00 would lay more emphasis in the overall bearish outlook.

EURJPY
Dominant bias: Bullish
This cross pair went upwards last week to test the supply zone at 131.50. After that, price got corrected lower, closing below the supply zone at 131.00. However, there is still a Bullish Confirmation Pattern in the market, which cannot be rendered invalid unless price drops by 200 pips from its current location. The movement of the market for this week would largely be determined by whatever happens to Yen.

GBPJPY
Dominant bias: Bearish
Over the long-term, GBPJPY is bearish, but a bullish signal has been generated in the 4-hour chart. The bullish signal was brought about by the fact that price gained about 230 pips last week, leading to a bullish outlook of this week. Further weakness in Yen may enable the supply zones at 143.50, 144.00 and 144.50, to be tested this week. Nonetheless, any display of stamina by Yen would impede the expected bullish movement.


This forecast is concluded with the quote below:

“…The real Holy Grail in trading is proper risk management. All of the successful traders I know follow a few specific, even conservative, risk management rules.” – Rick Wright

Source: www.tallinex.com



Weekly Trading Forecasts for Major Pairs (September 4 - 8, 2017)
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USDCHF Rejects Lower Prices, Eyes The 0.9772 Zone

samedi 2 septembre 2017
USDCHF: With the pair backing off lower prices to close higher the past week, more strength is envisaged in the days ahead. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to occur towards the 0.9750 level. Further out, resistance comes in at the 0.9800 level. Above here if seen will turn attention to 0.9850. All in all, USDCHF faces further upside pressure on corrective recovery.





USDCHF Rejects Lower Prices, Eyes The 0.9772 Zone
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