MT4 Forex Broker MetaTrader 4 Broker

http://twitter.com/forex_in_world/status/1305433405786664960Jarroo technical strategy for MT4 & MT5 platform https://t.co/M3b7EVxIHn#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 14, 2020

http://twitter.com/forex_in_world/status/1305433405786664960Jarroo technical strategy for MT4 & MT5 platform https://t.co/M3b7EVxIHn#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 14, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1304950222477504513Jarroo technical strategy for MT4 & MT5 platform https://t.co/M3b7EVxIHn#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 13, 2020

http://twitter.com/forex_in_world/status/1304950222477504513Jarroo technical strategy for MT4 & MT5 platform https://t.co/M3b7EVxIHn#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 13, 2020 submitted by Red-its to forextweet [link] [comments]

Is Regal Core Markets Scam or a legitimate investment?

Hi guys. I hope you’re doing well. I’ve always been a spectator looking at the people who invest in the forex and trade space, and finally, I have decided to be part of the forex market. Hooray! But being a spectator has made me cautious about my investment, and the platforms I will be investing should be well checked for any anomalies or scam. It’s my hard-earned money and I don’t want them to go to dust. Anyway, one of the platforms that I have researched and become interested in is Regal Core Markets. It is a forex brokerage company that allows retail investors in the forex market space.
The investment platform offers MT4 trader, which is one of the best trading platforms in the forex space (just from my research, please correct me if I’m wrong!). The company also explained the strategy and system that they use when you trade and invest with them. Overall, I think it is a good platform, and I don’t think that it is a scam. But of course, I need to check its ratings, reviews, etc., just to make sure that I am investing in a legitimate platform. So, do you guys have any experience with Regal Core Markets? How is it? Can you please share it with me? Thanks!
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Gbpusd Analysis/ Sniper Entry - Result - Profit Target hit #forex_tradin...

Gbpusd Analysis/ Sniper Entry - Result - Profit Target hit #forex_trading_strategy #forex_trading #forex_trading_strategies
WATCH VIDEO HERE
Forex Trade - Technical Analysis Recap
Gbpusd
12 November 2020
.......................................................................................................
#Here_is_our_recap_on_this_pair,
Total gain of 280 pips this week of gbpusd, once trade was entered gbpusd just kept its bullish moment and reached our profit target
. #Note_:_Read_Disclaimer_Below
........................................................................................................................
Don't Forget to #Like_and_Subscribe to our YouTube Channel so you wont miss any analysis. $30 NO DEPOSIT BONUS available ONLY to New Clients and Claim Yours Before the Promotion is Over. https://clicks.pipaffiliates.com/c?c=...
......................................................................................................
Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker. Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ...............................................................................................
Note : USE PROPER RISK MANAGEMENT.
: Use your own strategy and to reconfirm setups before taking any trades. ................................................................................................
Blog Site - https://forextradingforbeginners101.b...
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Recommended Broker https://www.xm.com/referral?token=Luz...
.........................................................
@@ Next big crypto... mine before launch.. @@ The Story Of Pi - The First Digital Currency You Can Mine On Your Phone.
Invitation Link Below
https://minepi.com/Hunter30
Use the code "Hunter30" People can join through personal invitations only. ..................................................................................................................... #forex,#forex_trading,#beginner_trader,#beginners_guide_trading,#beginners_forex_guide,#forex_trading_for_beginners_course,#trading_for_beginners,#forex_trading_for_beginners_mt4,#forex_trading_strategies_for_beginners,#forex_trading,#daily_forex_forecast_for_beginners,#daily_forecast_for_beginners,#forex_trading_strategies,#forex_daily,#daily_forex_analysis,#Forex_strategies,#Analysis_today,#forex_trading_strategy,#trading_strategy_for_beginners,#forex_trading_metatrader_4#forex_trading_live,# #Forex_trading_for_beginners, #forex_trading_platforms, #forex_trading_strategies,#learn_forex_trading,#forex_for_beginners,#forex_trading_for_dummies,#forex_trading_training,#best_forex_brokers_for_beginners,#price_action,#forex_strategies,#scalping_strategy,#forex_indicators,#scalping_forex,#50_pips_a_day_forex_strategy,#price_action_strategy,#day_trading_and_swing_trading_the_currency_market,#price_action_forex,#forex_scalping_strategy,, #how_to_trade_forex, #how_to_trade_bitcoin, #how_to_trade_online, #how_to_trade_option, #how_to_trade_stocks, #how_to_trade_with_$100,#how_to_trade_forex_successfully. .......................................................................................................................
Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
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Forex Trading For Beginners - Cadchf Forecast for Nov 16 - 20

Forex Trading For Beginners - Cadchf Forecast for Nov 16 - 20 Forex Trade - Technical Analysis Cadchf Analysis Number 1 15 November 2020
https://forextradingforbeginners101.blogspot.com/2020/11/forex-trading-for-beginners-cadchf_14.html
.......................................................................................................
#Here_is_our_forex_analysis_on_this_pair,
Currently Cadchf is on a bullish structure. We will monitor price action at the marked zone for any confirmations according to our rules to go long. #Note_:_Read_Disclaimer_Below ........................................................................................................................ Don't Forget to #Like_and_Subscribe to our YouTube Channel so you wont miss any analysis. $30 NO DEPOSIT BONUS available ONLY to New Clients and Claim Yours Before the Promotion is Over. https://clicks.pipaffiliates.com/c?c=... ...................................................................................................... Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker. Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ............................................................................................... Note : USE PROPER RISK MANAGEMENT. : Use your own strategy and to reconfirm setups before taking any trades. ................................................................................................ Blog Site - https://forextradingforbeginners101.b... Telegram - https://t.me/fxlifestyletelegram Tradingview - https://www.tradingview.comlovelove Twitter - https://twitter.com/FxLifes30183986 Pinterest - https://www.pinterest.com/forexlifestyle Facebook Page - https://www.facebook.com/Fx-Lifestyle... Facebook Group - https://www.facebook.com/groups/64826... YouTube - https://youtube.com/channel/UC23pgPGP... ............................................................................. Recommended Broker https://www.xm.com/referral?token=Luz... ......................................................... @@ Next big crypto... mine before launch.. @@ The Story Of Pi - The First Digital Currency You Can Mine On Your Phone. Invitation Link Below https://minepi.com/Hunter30 Use the code "Hunter30" People can join through personal invitations only. ..................................................................................................................... #forex,#forex_trading,#beginner_trader,#beginners_guide_trading,#beginners_forex_guide,#forex_trading_for_beginners_course,#trading_for_beginners,#forex_trading_for_beginners_mt4,#forex_trading_strategies_for_beginners,#forex_trading,#daily_forex_forecast_for_beginners,#daily_forecast_for_beginners,#forex_trading_strategies,#forex_daily,#daily_forex_analysis,#Forex_strategies,#Analysis_today,#forex_trading_strategy,#trading_strategy_for_beginners,#forex_trading_metatrader_4#forex_trading_live,# #Forex_trading_for_beginners, #forex_trading_platforms, #forex_trading_strategies,#learn_forex_trading,#forex_for_beginners,#forex_trading_for_dummies,#forex_trading_training,#best_forex_brokers_for_beginners,#price_action,#forex_strategies,#scalping_strategy,#forex_indicators,#scalping_forex,#50_pips_a_day_forex_strategy,#price_action_strategy,#day_trading_and_swing_trading_the_currency_market,#price_action_forex,#forex_scalping_strategy,, #how_to_trade_forex, #how_to_trade_bitcoin, #how_to_trade_online, #how_to_trade_option, #how_to_trade_stocks, #how_to_trade_with_$100,#how_to_trade_forex_successfully. ....................................................................................................................... Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
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Reddit : Forex Trading For Beginners - Audusd Analysis In 60 sec

Reddit : Forex Trading For Beginners - Audusd Analysis In 60 sec
#forex_trading #forex_trading_strategies
https://www.youtube.com/watch?v=rNdBgsiWCEw
Forex Trade - Technical Analysis Audusd
Analysis Number 11
11 November 2020
......................................................................................................
. #Here_is_our_forex_analysis_on_this_pair,
Daily is a strong uptrend and the structure is all bullish. We will wait for the price to come back down to our zone then we will look for confirmations.
#Note_:_Read_Disclaimer_Below
........................................................................................................................
Don't Forget to #Like_and_Subscribe to our YouTube Channel so you wont miss any analysis. $30 NO DEPOSIT BONUS available ONLY to New Clients and Claim Yours Before the Promotion is Over. https://clicks.pipaffiliates.com/c?c=... .
.....................................................................................................
Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker.
Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ...............................................................................................
Note : USE PROPER RISK MANAGEMENT.
: Use your own strategy and to reconfirm setups before taking any trades.
................................................................................................
Blog Site - https://forextradingforbeginners101.b...
Telegram - https://t.me/fxlifestyletelegram
Tradingview - https://www.tradingview.comlovelove
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YouTube - https://youtube.com/channel/UC23pgPGP...
.............................................................................
Recommended Broker https://www.xm.com/referral?token=Luz...
.........................................................
@@ Next big crypto... mine before launch.. @@ The Story Of Pi - The First Digital Currency You Can Mine On Your Phone.
Invitation Link Below https://minepi.com/Hunter30 Use the code "Hunter30" People can join through personal invitations only.
..................................................................................................................... #forex,#forex_trading,#beginner_trader,#beginners_guide_trading,#beginners_forex_guide,#forex_trading_for_beginners_course,#trading_for_beginners,#forex_trading_for_beginners_mt4,#forex_trading_strategies_for_beginners,#forex_trading,#daily_forex_forecast_for_beginners,#daily_forecast_for_beginners,#forex_trading_strategies,#forex_daily,#daily_forex_analysis,#Forex_strategies,#Analysis_today,#forex_trading_strategy,#trading_strategy_for_beginners,#forex_trading_metatrader_4#forex_trading_live,# #Forex_trading_for_beginners, #forex_trading_platforms, #forex_trading_strategies,#learn_forex_trading,#forex_for_beginners,#forex_trading_for_dummies,#forex_trading_training,#best_forex_brokers_for_beginners,#price_action,#forex_strategies,#scalping_strategy,#forex_indicators,#scalping_forex,#50_pips_a_day_forex_strategy,#price_action_strategy,#day_trading_and_swing_trading_the_currency_market,#price_action_forex,#forex_scalping_strategy,, #how_to_trade_forex, #how_to_trade_bitcoin, #how_to_trade_online, #how_to_trade_option, #how_to_trade_stocks, #how_to_trade_with_$100,#how_to_trade_forex_successfully. .......................................................................................................................
Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
submitted by technicalanalysis101 to u/technicalanalysis101 [link] [comments]

Nzdcad Analysis - After 22 days and 98 4hr Bars Got Triggered - Buy #forex_trading

#forex_trading_strategies
Watch Video Here
https://youtu.be/JIogpn0d9FY
Forex Trade - Technical Analysis
Gbpcad 11
November 2020
Previous Analysis https://youtu.be/lOpvwq53xQo ....................................................................................................... #Here_is_our_forex_analysis_on_this_pair, Pair did exactly as it was analyzed #Note_:_Read_Disclaimer_Below ........................................................................................................................ Don't Forget to #Like_and_Subscribe to our YouTube Channel so you wont miss any analysis. $30 NO DEPOSIT BONUS available ONLY to New Clients and Claim Yours Before the Promotion is Over. https://clicks.pipaffiliates.com/c?c=... ...................................................................................................... Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker. Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ............................................................................................... Note : USE PROPER RISK MANAGEMENT. : Use your own strategy and to reconfirm setups before taking any trades. ................................................................................................ Blog Site - https://forextradingforbeginners101.b... Telegram - https://t.me/fxlifestyletelegram Tradingview - https://www.tradingview.comlovelove Twitter - https://twitter.com/FxLifes30183986 Pinterest - https://www.pinterest.com/forexlifestyle Facebook Page - https://www.facebook.com/Fx-Lifestyle... Facebook Group - https://www.facebook.com/groups/64826... YouTube - https://youtube.com/channel/UC23pgPGP... ............................................................................. Recommended Broker https://www.xm.com/referral?token=Luz... ......................................................... @@ Next big crypto... mine before launch.. @@ The Story Of Pi - The First Digital Currency You Can Mine On Your Phone. Invitation Link Below https://minepi.com/Hunter30 Use the code "Hunter30" People can join through personal invitations only. ..................................................................................................................... #forex,#forex_trading,#beginner_trader,#beginners_guide_trading,#beginners_forex_guide,#forex_trading_for_beginners_course,#trading_for_beginners,#forex_trading_for_beginners_mt4,#forex_trading_strategies_for_beginners,#forex_trading,#daily_forex_forecast_for_beginners,#daily_forecast_for_beginners,#forex_trading_strategies,#forex_daily,#daily_forex_analysis,#Forex_strategies,#Analysis_today,#forex_trading_strategy,#trading_strategy_for_beginners,#forex_trading_metatrader_4#forex_trading_live,# #Forex_trading_for_beginners, #forex_trading_platforms, #forex_trading_strategies,#learn_forex_trading,#forex_for_beginners,#forex_trading_for_dummies,#forex_trading_training,#best_forex_brokers_for_beginners,#price_action,#forex_strategies,#scalping_strategy,#forex_indicators,#scalping_forex,#50_pips_a_day_forex_strategy,#price_action_strategy,#day_trading_and_swing_trading_the_currency_market,#price_action_forex,#forex_scalping_strategy,, #how_to_trade_forex, #how_to_trade_bitcoin, #how_to_trade_online, #how_to_trade_option, #how_to_trade_stocks, #how_to_trade_with_$100,#how_to_trade_forex_successfully. ....................................................................................................................... Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
submitted by technicalanalysis101 to u/technicalanalysis101 [link] [comments]

Forex Trading For Beginners - Cadjpy 60 sec Analysis #forex_trading

Forex Trading For Beginners - Cadjpy 60 sec Analysis #forex_trading#forex_trading_strategies
https://www.youtube.com/watch?v=6T1DcYvm6VY
Forex Trade - Technical Analysis
Cadjpy
Analysis Number 12
11 November 2020
.......................................................................................................
#Here_is_our_forex_analysis_on_this_pair,
Weekly is a strong uptrend and daily structure has shift from bearish to bullish. We will be monitoring price action at the marked zone for any setup according to our strategy. #Note_:_Read_Disclaimer_Below
........................................................................................................................
Don't Forget to #Like_and_Subscribe to our YouTube Channel so you wont miss any analysis. $30 NO DEPOSIT BONUS available ONLY to New Clients and Claim Yours Before the Promotion is Over. https://clicks.pipaffiliates.com/c?c=...
......................................................................................................
Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker. Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ...............................................................................................
Note : USE PROPER RISK MANAGEMENT.
: Use your own strategy and to reconfirm setups before taking any trades. ................................................................................................
Blog Site - https://forextradingforbeginners101.b...
Telegram - https://t.me/fxlifestyletelegram
Tradingview - https://www.tradingview.comlovelove
Twitter - https://twitter.com/FxLifes30183986
Pinterest - https://www.pinterest.com/forexlifestyle
Facebook Page - https://www.facebook.com/Fx-Lifestyle...
Facebook Group - https://www.facebook.com/groups/64826...
YouTube - https://youtube.com/channel/UC23pgPGP...
.............................................................................
Recommended Broker https://www.xm.com/referral?token=Luz...
.........................................................
@@ Next big crypto... mine before launch.. @@ The Story Of Pi - The First Digital Currency You Can Mine On Your Phone.
Invitation Link Below
https://minepi.com/Hunter30
Use the code "Hunter30" People can join through personal invitations only. ..................................................................................................................... #forex,#forex_trading,#beginner_trader,#beginners_guide_trading,#beginners_forex_guide,#forex_trading_for_beginners_course,#trading_for_beginners,#forex_trading_for_beginners_mt4,#forex_trading_strategies_for_beginners,#forex_trading,#daily_forex_forecast_for_beginners,#daily_forecast_for_beginners,#forex_trading_strategies,#forex_daily,#daily_forex_analysis,#Forex_strategies,#Analysis_today,#forex_trading_strategy,#trading_strategy_for_beginners,#forex_trading_metatrader_4#forex_trading_live,# #Forex_trading_for_beginners, #forex_trading_platforms, #forex_trading_strategies,#learn_forex_trading,#forex_for_beginners,#forex_trading_for_dummies,#forex_trading_training,#best_forex_brokers_for_beginners,#price_action,#forex_strategies,#scalping_strategy,#forex_indicators,#scalping_forex,#50_pips_a_day_forex_strategy,#price_action_strategy,#day_trading_and_swing_trading_the_currency_market,#price_action_forex,#forex_scalping_strategy,, #how_to_trade_forex, #how_to_trade_bitcoin, #how_to_trade_online, #how_to_trade_option, #how_to_trade_stocks, #how_to_trade_with_$100,#how_to_trade_forex_successfully. .......................................................................................................................
Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
submitted by technicalanalysis101 to u/technicalanalysis101 [link] [comments]

Profitable Forex Strategy Reddit | 3 Easy Forex Strategies Easy For MT4

Profitable Forex Strategy Reddit | 3 Easy Forex Strategies Easy For MT4

The need for a trading strategy in Forex market

https://preview.redd.it/r6u8stdmeaw51.jpg?width=1320&format=pjpg&auto=webp&s=1b0292502d6e68f5c220af5a5851aeb8061b395b
Almost all trading manuals talk about the need to have your own trading strategy. First of all, the process of creating your trading scheme allows you to perfectly understand trading and exclude from it any eventuality that hides additional risk.
Profitable forex strategy: it is a type of instruction for the trader, which helps to follow a clearly verified algorithm and safeguard his deposit from emotional errors and consequences of the unpredictability of the Forex currency market.
Thanks to her, you will always know the answer to the question: how to act in certain market conditions. You have the conditions of opening a transaction, the conditions of its closing, likewise, you do not guess if it is time or not. You do what the trading strategy tells you. This does not mean that it cannot be changed. A healthy trading scheme in the forex market must be constantly adjusted, it must comply with the realities of current market trends, but there must be no unfounded arguments in it.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE

Profitable Forex Strategy Reddit

Types of trading strategies
The forms of a trading strategy can combine a variety of methods. However, several of the most commonly used options can be highlighted.
  • Trading strategy based on various complementary technical indicators
  • Trading strategy using Bollinger Bands
  • Moving Average Strategy
  • Technical figures and patterns
  • Trading with Fibonacci levels
  • Candlestick trading strategy
  • Trend trading strategy
  • Flat trading strategy
  • Scalping
  • Fundamental analysis as the basis of the strategy

Three most profitable Forex strategies

Important! These strategies are the basis for building your own trading system. Indicator settings and recommended pending order levels are for consultation only. If you do not get a satisfactory outcome in the test result or in a live account, that does not mean that the problem is the strategy. It is enough to choose individual parameters of indicators under a separate asset and under the current market situation.

1. “Bali” scalping strategy

This strategy is one of the most popular, at least its description can be found on many websites. However, the recommendations will be different. According to the author's idea, "Bali" refers to scalping tactics, as it facilitates a fairly short stop loss (SL) and take profit (TP). However, the recommended time frame is high, because the signals appear not very often. The authors recommend using the H1 interval and the EUR / USD currency pair.
Indicators used:
  • Linear Weighted Moving Average. Period 48 (red line).
https://preview.redd.it/9mhs67mxeaw51.jpg?width=461&format=pjpg&auto=webp&s=913d428edd4cab0a3237e7039829a76dd587f1f5
The weighted linear moving average here acts as an additional filter. Due to the fact that LWMA gives more weight to the values ​​of the last periods, the indicator in the long periods practically excludes delays. In some cases, LWMA can give a signal beforehand, but in this strategy only the moving position relative to price is important. Bearish LWMA is a buy signal, sell bullish.
  • Trend Envelopes_v2. Period 2 (orange and blue lines).
https://preview.redd.it/8bap0s41faw51.jpg?width=627&format=pjpg&auto=webp&s=a6236ad06765280bbfd655fa1fb4153b28aaaf56
The indicator is also based on the moving average, but the formula is slightly different for the calculation. Its marking is more precise (the impact of price noise has been eliminated). It allows you to identify the twists of the trend compared to the usual mobile with a slight anticipation. Trend Envelopes has an interesting property: the color of the line and its new location changes when the price penetrates its old trend line, a kind of signal.
  • DSS of momentum. The configuration in the screenshot below.
https://preview.redd.it/9ch27cj4faw51.jpg?width=630&format=pjpg&auto=webp&s=00558bbd90378009bef33b7c96c77f884b912667
The indicator is placed in a separate window below the chart. This is an oscillator whose task is to determine the pivot points of the trend. And it does so much faster than standard oscillators. It has two lines: the signal is dotted, the additional line is solid, but the receiver has 2 kinds of colors (orange and green).
  • Important! Note that the indicators for the “Bali” strategy are chosen in such a way as to ultimately give an early signal. This gives the trader time to confirm the signal and check the fundamentals.
MA is one of the basics on MT4, the other two indicators can be found in the archive for free here. To add them to the platform, click on MT4: "File / Open data directory". In the folder that opens, follow the following path: MQL4 / Indicators. Copy the flags to the folder and restart the platform.
Also Read: Make Money With Trading
Conditions to open a long position:
  • Price penetrates the orange Trend Envelopes line from the bottom up. At the same time in the same candle there is a change of the orange line that falls to a growing celestial.
  • The candle is above LWMA. Once the above condition has been met, we wait for the candle to appear above the moving one. It is important that it closes above the LWMA red line. It is mandatory to have a Skyline Trend Envelopes on a signal candle.
  • The additional DSS of momentum line on the signal candle is green and is above the dotted line of the signal (that is, it crosses or crosses it).
We open a trade at the close of the signal candle. The recommended stop level is 20-25 points in 4-digit quotes, take profit at 40-50 points.
https://preview.redd.it/t48d55s8faw51.jpg?width=1000&format=pjpg&auto=webp&s=1e93863745e74dec536178539817225767cbeb1c
The arrow indicates a signal candle where a Trend Envelopes color change occurred. Note (purple ovals) that the blue line is below the orange line and goes upwards (in other cases the signal should be ignored). In the signal candle, the green DSS of momentum line is above the dotted line.
Conditions to open a short position:
  • Price penetrates the Trend Envelopes sky line from top to bottom. At the same time in the same candle there is a change from the increasing celestial line to the falling orange.
  • The candle is below LWMA. Once the above condition has been met, we wait for the candle to appear below the mobile. It is important that it closes below the LWMA red line. It is mandatory to have an orange Trend Envelopes line on a signal candle.
  • The additional DSS of momentum line on the signal candle is orange and is below the dotted line of the signal (i.e. crosses or crosses it).
https://preview.redd.it/6uixkl1dfaw51.jpg?width=1000&format=pjpg&auto=webp&s=dd53442c633e80c1e55da72cd5ffe9cda2e85b8a
Some examples where a transaction cannot be opened:
  1. In the screenshot below the signal candle closed at the moving level (red line), it was practically below it.
https://preview.redd.it/2o1wpocgfaw51.jpg?width=1000&format=pjpg&auto=webp&s=58d3286bf2884b5f0dfdaa0a62b68d2d50cdabf8
  1. In the screenshot below the signal candle is DSS below its signal line. Also, the celestial line is horizontal and not ascending.
https://preview.redd.it/1nfi1etjfaw51.jpg?width=801&format=pjpg&auto=webp&s=ff9fcbc10a485c5102ef7a135de47332827caf54
The signals are relatively rare, a signal can be expected for several days. In half the cases, it is better to control the transaction and close in advance, without waiting for profit taking. We do not operate at the time of flat. Try this strategy directly in the browser and see the result.
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE

2. “Va-Bank” candle strategy

This profitable Forex strategy is weekly and can be used on different currency pairs. It is based on the spring principle of price movement, what went up quickly, sooner or later must fall. To trade you will only need a schedule on any platform and W1 time frame (although the daily interval can be used).
You should estimate the size of the candle bodies of different currency pairs ( AUDCAD , AUDJPY , AUDUSD , EURGBP , EURJPY , GBPUSD , CHFJPY , NZDCHF , EURAUD , AUDCHF , CADCHF , EURUSD , EURCAD , GBPCHF ) and choose the largest distance from the opening to the close of the candle in the framework of the week. In this to open a transaction at the beginning of the following week.
Conditions to open a long position:
  • The bearish candle, which signifies last week's movement, has a relatively large body.
Open a long position early next week. Make sure to place a stop loss at 100-140 points and a take profit at 50-70 points. When it is midweek, close the order if it has not yet been closed at take profit or stop loss. After that, wait again for the beginning of the week and repeat the procedure, in any case do not open operations at the end of the current week.
https://preview.redd.it/vuihnqspfaw51.jpg?width=1000&format=pjpg&auto=webp&s=7641e9d7701911cc255c4f0c8a53e1660c35c9fe
On this chart it is clearly seen that after each large bearish candle there is necessarily a bullish candle (although smaller). The only question is what period to take where it makes sense to compare the relative length of the candles. Here everything is individual for each currency pair. Note that a rising candle was observed followed by a few small bearish candles. But when it comes to minimizing risks, it is best not to open a long response position, as the relatively small decline from the previous week may continue.
Conditions to open a short position:
  • The bullish candle, which signifies last week's movement, has a relatively large body.
We open a short position early next week.
https://preview.redd.it/tv4zmf5ufaw51.jpg?width=1000&format=pjpg&auto=webp&s=61cd1dcfc4aebfa6f80343b6c51f7a6e46358602
The red arrows point to the candles that had a large body around the previous bullish candles. Almost all signals turned out to be profitable, except for the transactions indicated by a blue arrow. The shortcomings of the strategy are rare signs, albeit with a high probability of profit. The best thing is that it can be used in several pairs at the same time.
This strategy has an interesting modification based on similar logic. Investors with little capital opt for intraday strategies, as their money is insufficient to exert radical pressure on the market. Therefore, if there is a strong move on the weekly chart, this may indicate a cluster of large strong traders. In other words, if there are three weekly candles in one direction, it is most likely the fourth. Here you also have to take into account the psychological factor, 4 candles is equal to one month, and those who "push" the market in one direction, within a month will begin to set profits.
Strategy principle:
  • A "three candles" pattern (ascending and descending) formed on the weekly chart.
  • It is preferable that each subsequent candle was larger than the previous one. Doji is not taken into account (disembodied candles).
  • Stop is placed at the closing level of the first candle of the constructed formation. Take profit at 50-100% of the last candle, but it is often better to manually close the trade.
An example of this type of formation in the screenshot below.
https://preview.redd.it/iu7cwa7xfaw51.jpg?width=1000&format=pjpg&auto=webp&s=9195d24b72d2bda5394614380e9e5bc167f108a5
Of the 5 patterns, 4 were effective. Lack of strategy, the pattern can be expected 2-3 months. But when launching a multi-currency strategy this expectation is justified. Consider swaps!
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE

3. Parabolic Profit Based on Moving Average

This strategy is universal and is usually given as an example for novice traders. It uses classic EMA (Exponential Moving Average) indicators for MT4 and Parabolic SAR, which acts as a confirmatory indicator.
The strategy is trend. Most sources suggest using it in "minutes", but price noise reduces its efficiency. It is better to use M15-M30 intervals. Currency pairs - Any, but you may need to adjust the indicator settings.
Indicators used:
  • EMA with periods 5, 25 and 50. EMA (5) in red, EMA (25) and EMA (50) in yellow. Apply to Close (closing price).
https://preview.redd.it/ly7ju8o3gaw51.jpg?width=1000&format=pjpg&auto=webp&s=61dee5b0d994d09a375e01e2b9afe188dd2ee0ed
  • Parabolic SAR, parameters remain unchanged (color correct at your discretion).
https://preview.redd.it/sonpv1m8gaw51.jpg?width=1000&format=pjpg&auto=webp&s=823e9ce5d279d3a98ef072694766a112a3ece775
Conditions to open a long position:
  • Red EMA (5) crosses the yellows from bottom to top.
  • Parabolic SAR is located under the sails.
Conditions to open a short position:
  • Red EMA (5) crosses the yellows from top to bottom.
  • Parabolic SAR is located above the candles.
The transaction can be opened on the same candle where the mobile crossover occurred. Stop loss at the local minimum, take profit at 20-25 points. But with the manual management of transactions you can extract great benefits. For example, close at the time of the transition from EMA (5) to a horizontal position (change of the angle of inclination of the growth to flat).
https://preview.redd.it/4un92jlegaw51.jpg?width=1000&format=pjpg&auto=webp&s=406a700c00722349622d031e20d0858e4196d18b
This screen shows that all three signals (two long and one short) were effective. It would be possible to enter the market on the candle by following the signal (in order to accurately verify the direction of the trend), but you would then miss the right time to enter. It is up to you to decide whether it is worth the risk. For one-hour intervals, these parameters hardly work, so be sure to check the performance of the indicators for each period of time in a minimum span of three years.
And now that you know the theory, a few words about how to put these strategies into practice.
Ready? Then let's get started!

From the theory to the practice

Step 1. Open demo account It's free, requires no deposit, takes up to 15 minutes, and no verification required. On the main page of your broker there is for sures a button "Register", click and follow the instructions. An account can also be opened from other menus (for example, from the top menu, from the commercial conditions of the account, etc.).
Step 2. Familiarize yourself with the functionality of the Personal Area. It won't take long. It is at the most user friendly and intuitive. You just need to understand the instruments of the platform and understand how the trades are opened.
Step 3. Launch the trading platform. The Personal Area has the platform incorporated, but it is impossible to add templates. Hence, the "Bali" and "Parabolic Profit" strategies can only be executed on MT4.

Characteristics of an effective Forex strategy Reddit

And finally, let's see what makes a profitable Forex strategy effective. What properties should it have? Perhaps three of the most important characteristics can be pointed out.
  • The minimum number of lag indicators. The smaller they are, the greater the forecast accuracy.
  • Easy. Understanding your strategy is more important than your saturation with complex elements, formulas, and schematics.
  • Uniqueness. Any trading strategy must be "tailored" to your trading style, your character, your circumstances, and so on.
It is very important to develop your own trading strategy, but it is necessary to test a large number of already available and proven strategies. On the Forex blog you will find trading strategies available for download. Before using a live account, test your chosen strategy on the demo account on the MetaTrader trading platform.
Conclusion. To successfully trade the Forex currency market, create your own trading strategy. Learn what's new, learn out-of-the-box trading schemes, and improve your individual action plan in the market. Only in this case, the trading results will satisfy you to the fullest. Success, dear readers!
>>> Forex Signals With Unbeatable Performance: Verified Forex Results And 5° Rated On Investing.com |Free Forex Signals Trial: CLICK HERE TO JOIN FOR FREE
Join the community for more articles on trading and making money on the Forex and Stock market.
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Disclosure: This post contains affiliate links, if you click and make a purchase I may receive a commission - This has NO extra cost for you.
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Next steps after finishing Trading and Machine Learning specialization

Hello everyone, I just finished a specialization entailing using google AI platform and Big Query ML to develop trading strategies as well as RL agents, yet I’ve only been able to do this on historical data, I was hoping someone who’s already been through all this could advise me on the next steps. I’m looking to now go ahead and create automated trading systems based on the models and Reinforcement learning agents I have learned to develop. The books and courses I have taken have lead me up to what seems to be everything other than actually connecting to a live demo account to go ahead and create an automated system to now play out the models and such. I’ve been using Quandl and Open AI gym, not sure how I transition my agent from a Gym environment to live trading on a demo account because all the books and courses I have taken seem to purposely avoid this step. I’m really looking to use RL for forex trading but I don’t know how I would connect systems to a MT4 GUI, so I was just hoping someone might be able to point me in the right direction about how I should go about connecting an API to my AI platform notebooks to test my models live. Any direction would be greatly appreciated thanks everyone, I’m really looking forward to getting started in the industry; if I can figure this last thing out I don’t think it will be a problem haha, but stuck till then!
submitted by Alien_Love_ to algotrading [link] [comments]

Learn More About the Latest Forex Tools

These FX trading tools lets the user take their own algorithms and strategies and run them together. It allows for algorithmic strategy building along with no need for coding knowledge.

For anyone that wishes to formalise their style of trading using algorithms.

It offers:

• A simple to use drag and drop interface
• Ability to connect technical indicators and math functions
• Templates that are easy to customise
• The ability to implement strategies for platforms including cTrader and MT4
• Both videos and e-book for those just starting out

VPS

Want an FX trading tool that will be online 24/7? That's just what VPS (Virtual Private Server) is capable of. It's a remote computer made available to traders that are algorithmic. It gives the option of complete automation for trading, the terminal doesn't even have to stay running. The main benefit of this Fx trading tool is no interruptions. Expect lowered latency and zero down time!

No reboots and protection of EAs are two benefits that have professionals using VPS more often than ever. Even set up will go on without a hitch using an easy step-by-step guide. Of course, having professionals set it up ensures that it's done right, and that traders are trained accordingly.

The Economic Calendar

A simple to use economic calendar is a priceless FX trading tool. It allows the trader to plan his or her day by the minute. Take control of currently released and previous reports that have been released as well as volatility generated and consensus forecasts. Knowing upcoming events that will happen in just the next few hours as well as days, weeks and months gives one an edge on other traders.

Many are happy to know that there are automatic updates and live views of released event data. The ability to view previous events and analyse their effect on the market is invaluable and could easily make for better trades.

Ease of Use

No matter which economic calendar is chosen, one will see all the scheduled events broken down for the day at hand. By selecting an individual event, one will get even more information and data that can help make more than informed decisions on trading.

Expect to see how much time is left until the next event, as well as those that have already happened. Expected volatility is presented as well as prior percentages and an actual consensus. All of these benefits will help anyone make the most informed decisions possible.

Mobile Apps

The Forex calendar is customisable so only what one wants to be informed of is seen. This makes it easy for beginners, and less stressful for experienced traders. One can change the time zone, country, category and volatility level to get detailed results that cater to their needs.

Staying up-to-date on all the latest developments is easy with mobile apps for both Android and Apple devices. The calendar app can also be downloaded so that wherever one goes they have access to whatever information they need.

Conclusion

These are just a few of the FX trading tools available on the market. Aligning with experts in Forex is a smart way to ensure that one is getting the best setup for their personal trading needs and style. Forex can be a complicated platform for trade, but it can also be simple when the right tools and help are obtained.
submitted by jeffout to forex_rating [link] [comments]

WikiFX: the murky business and the murkier methods

WikiFX: the murky business and the murkier methods
https://preview.redd.it/1rf74ljv34l51.png?width=960&format=png&auto=webp&s=566235871ce22dd3078f0532dfb672bff6eb0707
The irony of financial markets is that this business that officially has got as much regulation as arms trafficking, has also got the same problem –- numerous illegal entities that evolve around the niche.
Scam brokers, funds recovery services that rob the robbed traders, HYIPs, “learn how to make millions overnight” trading courses and a number of other schemes all tend to exploit the weak point of human nature – the belief that there is the magic device with the “MORE MONEY” button out there, that someone can sell you.

A thief shouting “Thief!”

Considering the above there is a high demand in society for truthful and unbiased information about the market players. WikiFX claims to be the provider of such honest information about brokers but in fact, makes money by blackmailing brokers and promoting any company that offers to pay enough in their rankings.
WikiFX is a classic illustration of a thief shouting “Get the thief!” louder than anybody else in the crowd. The strategy works unfortunately and traders tend to trust WikiFx broker’s ratings without questioning what these ratings are based on and who sponsors this global brokers’ database.

Paving the road with some good intentions

Even the most horrible crimes against humanity were done under the cover of best intentions. Starting with the first crusades and ending with the holocaust. There are always some sound arguments, protected people and reliable methods.
Ask any trader whether each forex broker must be regulated by a third party? The answer will be “yes” with a near 100% probability and this answer is totally correct. Know-your-customer procedures and some unbiased third-party control are essential for maintaining the overall transparency of any business in a sphere of finance. This is the argument that WikiFX starts with when promoting its service and there is absolutely no point to argue. Starting with an indisputable truth is a good strategy to win the debate.
“The long-term presence on the market adds credibility”, – says WikiFX, and hears “yes” again.
“Don’t you agree that the longer the company is in the business, the better?”. “Sure”, – the trader agrees one more time.
The mission is completed. This is when the broker ranker can add any other criteria to their appraisal methods. Traders will tend to trust the service because they’ve agreed upon the most important criteria. The rest are minor details.
But what if the rest of the appraisal methods are not just minor issues? What if these details can be the means to manipulate the facts as much as they want to?

Can WikiFX appraisal criteria be trusted?

If we take a look at any broker’s WikiFX rating, we can see that the criteria of appraisal are the following:
  • The year of registration
  • Regulations
  • Market Making license
  • Software license
For example, this is what the top-rated broker’s summary looks like at WikiFX:
WikiFX Forex com example
https://preview.redd.it/t4ugtbt344l51.png?width=625&format=png&auto=webp&s=95fddf8434faf8938d1a3f18bbd5f1da2ceb47e4
Looks good. Really. Regardless of the attitude to this particular brokerage, the work seems to be done fine. All the regulators are listed below, the information on the used software, licensing, and years of operation is included.
But what if we take some other random brokerage with one of the lowest rankings at WikiFX?
NinjaTraderBrokerage WIkiFX Ranking
https://preview.redd.it/pgyqp0u644l51.png?width=631&format=png&auto=webp&s=eb268faac83608a494c31a39eb1621f7132e3520
This is where the truth reveals itself. Once again, regardless of the attitude to this particular brokerage this is really easy to find out what they do, what licenses they’ve got and what kind of software they use.
Suspicious clone? Seriously? If WikiFX staff cared enough to do any investigation prior to stamping that “Suspicious” mark on the brokerage, they would have seen that both domains, nijatrader com and ninjatraderbrokerage com belong to the same entity.
NinyaTrader whois data
https://preview.redd.it/2097lkw944l51.png?width=563&format=png&auto=webp&s=079cc4248b825a3cd941c6b691a67bb9769f4f7f
If they cared enough to collect information on the brokerage from at least one reliable source, like Investopedia or any other similarly known database, they would also have found out that the company not only provides the brokerage service, but also is known for its trading platform with advanced technical analysis tools. But the only trading software that WikiFX considers reliable seems to be MT4/MT5. They simply ignore the fact that trading does not evolve around MetaTrader products, no matter how good and popular they are. WikiFX lowers the score of any brokerage with custom-developed software. We can clearly see this with the above example.
Other criteria that WikiFX is proud to use for the broker’s appraisal are regulations. Using the same example let’s see how well they do the appraisal in this field. As you can see above, WikiFX used the “Suspicious Regulatory License” stamp for NinjaTrader Brokerage.
And here is what The National Futures Association, that NinjaTrader is registered with as a futures broker has on its record:
NFA regulation of NTB proof that WikiFX did not consider to be trustworthy

https://preview.redd.it/di8fwkdd44l51.png?width=629&format=png&auto=webp&s=2de618d5df26bd8fcca99c51a6030f4bdfa7f776
We can’t expect every trader to know that any futures broker that wants to operate on the US market must be a member of NFA. This is the requirement of the Commodity Futures Trading Commission regarding the futures broker’s operations. But this is totally unacceptable for a broker ranking website, which WikiFX claims to be, to mark NFA-registered futures brokerage as non-reliable.
By the way, did you notice on the above screenshot that NTB has obtained the NFA license in 2004? Yet, this does not prevent WikiFX from claiming that the brokerage has only been providing its services for 1-2 years only, instead of the factual 16 years of operations.
We can long discuss the reasons that lie behind such selectivity of WikiFX but this random example clearly shows that any brokerage that provides access to non-forex derivatives trading or dares to suggest custom-developed software to its traders is in danger of receiving a negative review at WikiFX regardless of the factual reliability and regulations.

What lies beneath WikiFX selectivity?

WikiFX claims to have a team of professionals that are all involved in objective appraisal of broker’s services, licenses and used software. The methods used by these professionals remain unrevealed and as we see from the above comparison two similarly reliable brokerages can get any score from 1.0 and up to 10.0 at WikiFX, no matter what regulations they’ve got, for how long they’ve been in the business and what kind of software they use.
This is difficult to say what lies behind such selectivity with 100% confidence. The first thing that comes to mind is that WikiFX might be affiliated with some brokers. The hypothesis gets even more realistic if we try to understand who sponsors WikiFX.
There are no transparent built-in ads neither on the web-version of the website nor in its applications. There are no paid subscriptions for access to the database. This means that users sponsor the service with neither their attention to ads nor directly. Being the non-charity and non-governmental organization WikiFX can’t be sponsored with donations or a government. The only option that we have left is that brokers sponsor this ranking system directly, which automatically makes the whole system non-reliable and highly biased.
The only transparent method that we know WikiFX uses to collect money is sponsorship fees they collect from their offline events participants. Let’s have a look at the exhibitors of the recent WikiFX Expo in Thailand.
WikiFX Expo Exhibitors

  • TLC is a non-regulated investment platform that was founded in 2019
  • Samtrade FX is not regulated by any of the agencies that WikiFX itself lists as reliable
  • Forex4you is not regulated by any of the agencies that WikiFX itself lists as reliable
  • B2 Broker is a non-regulated broker
  • XDL FX is a non-regulated broker
  • VAT FX is a non-regulated broker
    Six out of sixteen WikiFX recent expo exhibitors do not have proper legal status according to the “standards” of WikiFX itself. This fact does not prevent them from promoting the services of these companies at their offline events. This conspicuous fact tells a lot about the attitude of WikiFX to common traders looking for reliable partners. Reputation is nothing but a sale item for this brokers’ ranking system.

Murky & Murkier

So far we’ve only discussed the facts that anyone can check himself using free tools and sources.
It was not that difficult to discover that WikiFX uses non-transparent standards for brokers’ appraisal. It ignores the specifics of some brokerages lowering their scores due to non-standard derivatives they offer to trade or custom trading software. It also promotes non-regulated and non-licensed brokerages, which is 100% against the declared WikiFX values and mission.
The rumors are that this company was also noticed blackmailing brokers with the purpose of making them pay for better reviews at WikiFX. There are also some signs that indicate suspicious promotion of WikiFX platform through social media and Quora. Some of the WikiFX positive reviews also look highly suspicious. All of the above is a matter of further investigation.
Nevertheless, thousands of users keep relying on the information provided by this scam ranking system. It may even look like all these users are satisfied. WikiFX has got 4.5 starts at Google Play, which sounds good enough. However, positive WikiFX reviews use similar semantics and are also highly suspicious. Despite the high average grade, Google Play finds the following messages to be most relevant and brings them to the top of WikiFX reviews:
Google Play most relevant WikiFX reviews

https://preview.redd.it/kftutvcl44l51.png?width=532&format=png&auto=webp&s=1ccb74ee156388285a2fab711dd604945c04377c

You’ve got the facts now and it’s time to make your own conclusions.

submitted by WorriedXVanilla to u/WorriedXVanilla [link] [comments]

Binary Options Review; Best Binary Options Brokers

Binary Options Review; Best Binary Options Brokers

Binary Options Review; Best Binary Options Brokers
We have compared the best regulated binary options brokers and platforms in May 2020 and created this top list. Every binary options company here has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The broker comparison list below shows which binary trading sites came out on top based on different criteria.
You can put different trading signals into consideration such as using payout (maximum returns), minimum deposit, bonus offers, or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. This review is to ensure traders don't lose money in their trading account.
How to Compare Brokers and Platforms
In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from your country e.g. check US trade requirements if you are in the United States. Here at bitcoinbinaryoptionsreview.com, we have provided all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
  1. What is the Minimum Deposit? (These range from $5 or $10 up to $250)
  2. Are they regulated or licensed, and with which regulator?
  3. Can I open a Demo Account?
  4. Is there a signals service, and is it free?
  5. Can I trade on my mobile phone and is there a mobile app?
  6. Is there a Bonus available for new trader accounts? What are the Terms and
  7. conditions?
  8. Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
  9. Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices, and stocks – and how many of each?
  10. Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of the day, long term, etc?)
  11. How much is the minimum trade size or amount?
  12. What types of options are available? (Touch, Ladder, Boundary, Pairs, etc)
  13. Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
  14. Do they operate a Robot or offer automated trading software?
  15. What is Customer Service like? Do they offer telephone, email and live chat customer support – and in which countries? Do they list direct contact details?
  16. Who has the best payouts or maximum returns? Check the markets you will trade.
The Regulated Binary Brokers
Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.
Regulators - Leading regulatory bodies include:
  • CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
  • FCA – Financial Conduct Authority (UK)
  • CFTC – Commodity Futures Trading Commission (US)
  • FSB – Financial Services Board (South Africa)
  • ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organization. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.
Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.
Bonuses - Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment, or risk-free trade. Whatever the form of a bonus, there are terms and conditions that need to be read.
It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt-out’ of taking a bonus.
Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over-trade’. If the bonus does not suit you, turn it down.
How to Find the Right Broker
But how do you find a good broker? Well, that’s where BitcoinBinaryOptionsReview.com comes in. We assess and evaluate binary options brokers so that traders know exactly what to expect when signing up with them. Our financial experts have more than 20 years of experience in the financial business and have reviewed dozens of brokers.
Being former traders ourselves, we know precisely what you need. That’s why we’ll do our best to provide our readers with the most accurate information. We are one of the leading websites in this area of expertise, with very detailed and thorough analyses of every broker we encounter. You will notice that each aspect of any broker’s offer has a separate article about it, which just goes to show you how seriously we approach each company. This website is your best source of information about binary options brokers and one of your best tools in determining which one of them you want as your link to the binary options market.
Why Use a Binary Options Trading Review?
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submitted by Babyelijah to u/Babyelijah [link] [comments]

Forex beginner

Okay so i have my Forex account and mt4 platform setup and funded with $450 on my Lenovo chromebook. Its 4:23 here in Alabama. I'm trying to figure out a strategy to place my very first trade. If any of you peeps are kind enough to help me out, it would be greatly appreciated.
submitted by Geek2198 to Forex [link] [comments]

No amount of demo trading will prepare you for live account.

First of all, I'm not against demo trading.
However, no matter the amount of time you spend trading demo, it can never prepare you for living trading. Demo is good for 4 main things:
  1. Introducing you to forex
  2. Understading the mechanics of your trading platform (eg. mt4 or ctrader)
  3. Backtesting a strategy.
  4. Briefly forward-testing a strategy.
The number 1 reason retail traders fail is because of trading psychology. Any basic trading strategy like a simple MA crossover can make you successful if you manage your emotions as a trader.
Moving of Stop loss, refusing to set stop loss, letting losses ride while closing profits as quickly as possible are all about problems with your trading psychology and no amount of demo trading will teach you to be better because you are simply not invested in the trades.
People recommend trading demo for 6 months or 1 year and that's simply wrong. We have all been at a point where we even forgot about a trade only to open metatrader hours or even days later to see it in profit. There's no lesson learnt here.
The 6 months or 1 year you spent trading demo would have been worthwhile if you had gone live with $100 and try taking it to $1,000 over a period of 1 year with a strategy.
Don't waste too much time on demo. Find a strategy, backtest it with at least 10 years of data and see if it's worthwhile then move to live.
Trading, like every other career, involves cost and consider that first $100 account (which you will probably blow) as part of your cost of training. Stop wasting time on demo. Trading is probably 10% strategy, 90% psychology. Only live account will teach you about psychology.
submitted by untimely_boners to Forex [link] [comments]

Forex Profit Way Proficient 624 Forex Exchanges

Pro 624 Trading System essentially: Initial we investigate the long haul graphs and hunt down the “financial situation” that is inclined to be supported for the accompanying 4 hours and peradventure for a given day. At Forex Profit Way, we provide a platform for check out all the Forex Profit Way Proficient 624 Forex Exchanges, Forex Profit Way Mt4 & Mt5 indicators, courses, signals, books, Trading Strategies that work, and more. For more information, you can visit our website online.
submitted by forexprofitway to u/forexprofitway [link] [comments]

Things you need to know about MT5

Things you need to know about MT5
If you have been involved in online trading for some time, chances are you have used the MT5 software.
Even if you are new to online trading, I am sure you have heard about MT5 from more experienced traders in your network.
But the platform isn’t just popular for no reason. Both traders and brokers find it useful because:
  1. It has impressive functionalities that you can’t get on any other platform
  2. It is openly available to all brokers and traders.
However, that is not all there is to MT5. So this post will be looking at some exciting things about MetaTrader 5, including:
  • Its features
  • The types of account it offers
  • Basic terms every professional trader should know
Before we delve into highlighting the features, let’s look at what MetaTrader 5 really is.
So what is MT5?
MetaTrader is a multi-asset platform that offers traders the tools to trade forex, stocks, and futures.
The first version of the software, MT4, was created in 2005 by MetaQuotes Software Corporation. The second version, MT5, was released in 2010 to offer more functionalities and better trading experience to users and brokers.
With the history out of the way, let’s look at the features that make MT5 the software of choice for most brokers and traders.
5 features of MT5 that make it the market leader
  • Multi-asset trading platform
  • Automated trades to test trading strategies
  • Automated bots by experts
  • Hedging and netting allowed
  • 21 time-frames — from minutes to years
The 3 types of MT5 accounts available on Deriv.com
One of the things that have made MT5 very popular is its open-source nature. This has allowed different brokers to integrate it into their respective trading platform.
But at Deriv.com, we didn’t just integrate MT5 into our platform.
We blended the powerful functionalities of the MT5 with our experience as pioneers in the online trading industry and we call it — DMT5 an all-in-one forex and CFD trading platform.
When you trade with DMT5, you have the option to choose from three different account types, each designed to appeal to traders with varying styles of trading and experience.
The three account types are explained in the images below.

Types of DMT5 account

DMT5 Accounts
It is worthy to note that synthetic indices are only available to Deriv.com traders and can be traded even on weekends.
Another point to note is that while Deriv.com created the synthetic indices algorithm, the market mimics the real-world financial market.
Lastly, let’s look at some of the terms that you should know if you want to succeed in online trading.
Basic terms every professional trader should know
1. Leverage
Leverage gives you the ability to trade a larger position using your existing capital.
2. Order execution
There are two types of order execution: instant execution and market execution.
Instant execution places your order at the price available at that time. Requotes are possible only if the price fluctuates by a lot before the execution of the order is completed.
Market execution allows you to place an order at the broker’s price. The price is agreed upon in advance, there are no requotes.
3. Spread
A ‘spread’ is the difference between the buy and sell prices. A fixed spread is subject to changes at the company’s absolute discretion, whereas a variable spread means that the spread is constantly changing. A fixed spread is not affected by market conditions, a variable spread depends on market conditions.
4. Commission
Brokers usually charge a commission for each trade that is placed. Deriv.com, however, charges no commission across all account types, except cryptocurrencies.
5. Margin call
Your account is placed under margin call when the funds in your account are unable to cover the leverage or margin requirement. To prevent a margin call from escalating to a stop out level, close any open positions, or deposit additional funds into your account.
6. Stop out level
Your account will reach the stop out level where it will be unable to sustain any open positions if it has been under margin call for an extended period of time. This will lead to all pending orders being canceled and open positions being closed forcibly (also known as “forced liquidation”).
7. Cryptocurrency trading
Indicates the availability of cryptocurrency trading on a particular account.
These are the basic things you should know about MT5. If you are new to online trading, we highly recommend you read the following posts:
https://medium.com/@derivdotcom/things-you-need-to-know-about-mt5-961b2665a4fb
submitted by justvisuals to Mt5 [link] [comments]

College forex trader - would appreciate some help!

So a few months ago, someone I had met in the first few weeks of my first semester at college, had been posting pictures of his MT4 account with his profits, and I was pretty intrigued. I asked him what it was, and he said it was the Forex market, so I wanted to learn more and asked to meet up with him. When we met he was explaining it a little more and told me that he was in this networking trade group called IMarketsLive and went on to offer for me to sign up, upon which I said I wanna do a little research before I sign up for anything. And so I did, and saw a lot of different opinions about IML and the things they do, and I wasn't really attracted to the networking aspect and also did not want to start paying $275 a month just to be in the group. It seemed to me like it was kind of a pyramid scheme, so I turned down the offer but decided to try to learn about the Forex market for free on my own.
I started doing more research about it in my free time, and eventually I discovered the BabyPips website where you can go through around a 330 lesson course, which goes through a lot of the basics and foundations of Forex trading. I made it through that in about a month and a half or so, and then opened up a demo account with IG. I watch a lot of youtube so more and more videos about forex started popping up in my recommended and have definitely helped along the road.
One thing I saw is not to have a demo account for too long, so after around a month of having the demo and getting a little profit, I opened a live account with $300 on Oanda. I use their online trading platform and it's alright, there are some things I liked better with IG but that's besides the point.
I've been trading with lots of 500 units or less so I'm only down about $6, but I feel like I'm kind of stuck. After all the stuff I've read and watched so far, I've come to understand that there are some key things every trader needs to do. From what I've seen, it's
Among a few other things I might be forgetting, I understand these are crucial points to follow to become a successful trader. The only thing is I feel like I've flooded myself with so much information and I really don't know where to go from here. I don't have a trading plan mainly because the best thing I've heard to do is make one that fits my trading style, but simply put I don't know what my trading style is and don't know how to actually construct a usable plan.
I know many people join the market because of the dream of turning $25 into a million dollars, however I don't have that mindset. Also I know I should focus first on preserving my capital and being consistent rather than focus on getting a lot of money, I just don't know how to do this. I am ready to put more effort into the market, I just don't know where to put it.
Another thing to note is that for when I am ready and have developed a proper strategy and everything, I have sufficient capital (around $3k) to actually start making some serious profit. (for a 19 y/o!)
Anyways, if you would like to give any advice, tips, things to avoid, stories, anything - that would be greatly appreciated!
Thanks for reading👍
EDIT: This is my first time using reddit so I can't reply to anything because I don't have enough karma whatever that means. But thanks for your responses, they will definitely help me to start building my own strategy.
submitted by sender27 to Forex [link] [comments]

Preparing for the Impulse: The Japanese Yen Surge

Preparing for the Impulse: The Japanese Yen Surge
See first: https://www.reddit.com/Forex/comments/clx0v9/profiting_in_trends_planning_for_the_impulsive/

Against it's major counterparts, the JPY has been showing a lot of strength. It's now getting into areas where it is threatening breakouts of decade long support and resistance levels.

Opportunity for us as traders if this happens is abundant. We've not seen trading conditions like this for over 10 years on this currency, and back then it was a hell of a show! In this post I'll discuss this, and my plans to trade it.

I'm going to focus on one currency pair, although I do think this same sort of move will be reflected across most of the XXXJPY pairs. The pair I will be using is GBPJPY. I like the volatility in this pair, and along with the JPY looking continually strong and there being uncertainty in the GBP with possible Brexit related issues, this seems like an ideal target for planning to trade a strong move up in the JPY.

The Big Overview

I'll start by drawing your attention to something a lot of you will have probably not been aware of. GBPJPY has always been in a downtrend. All this stuff happening day to day, week to week and month to month has always fitted into an overall larger downtrend. In the context of that downtrend, there have been no surprises in the price moves GBPJPY has made. This is not true of the real world events that drove these moves. Things like market crashes, bubbles and Brexit.

https://preview.redd.it/5gfhwxcy6wj31.png?width=663&format=png&auto=webp&s=4d4806dee84a7bbe073e08d153da946222893eeb

Source: https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-JPY

I know this has been largely sideways for a long time, but it is valid to say this is a downtrend. The highs are getting lower, and the lows have been getting lower (last low after the Brexit fall and following 'flash crash' some weeks later).
This is important to understand, because it's going to help a lot when we look at what has happened over the last 5 - 10 years in this pair, and what it tells us might be about to happen in the coming few months and year to come. If the same pattern continues, a well designed and executed trade plan can make life changing money for the person who does that. I hope those of you who take the time to check the things I say here understand that is very feasible.

The last Decade


In the same way I've shown you how we can understand when a trend has corrective weeks and see certain sorts of price structure in that, from 2012 to 2015 GBPJPY had a corrective half decade. In the context of large price moves over decades, this was a sharp correction. I've discussed at length in my posts how sharp corrections can then lead into impulse legs.

https://preview.redd.it/kvnrqau07wj31.png?width=675&format=png&auto=webp&s=8e96f02a189a811d511ef7946037fd670d106b1b
I've explained though my posts and real time analysis and trades in the short term how in an impulse leg we would expect to see a strong move in line with the trend, then it stalling for a while. Choppy range. Then there being a big spike out move of that range. Making dramatic new lows. Then we'd enter into another corrective cycle (I've been showing you weeks, it's more practical. We'll be looking at the same thing scaled out over longer, that's all).

At this point, we can say the following things which are all non-subjective.
  • GBPJPY has always been in a downtrend.
  • A clear high after a strong rally was made in 2016
  • Since then, GBPJPY has downtrended
5 year chart confirms the latter two points.

https://preview.redd.it/a44rzzs47wj31.png?width=686&format=png&auto=webp&s=43fbebe933fa80d1c24a1f8fde2c08653d125d18

These are interesting facts. We can do a lot of with this information to understand where we may really be in the overall context of what this pair is doing.

The Clear Trend Cycle of the Last 5 Years


If we were to use the Elliot Wave theory, based on the above data we have we'd expect to see down trending formations on the weekly chart over the last 5 years. These would form is three distinct trend legs, each having a corrective pattern after. We would expect to see after that a strong correction (corrective year in down trending 5 year cycle), it stop at the 61.8% fib and then resume a down trend. The down trend would form similarly in three main moves.

https://preview.redd.it/ghvgzr577wj31.png?width=663&format=png&auto=webp&s=caeedc4f48ab3b4d1ed921ef519a33200db62868

Whether or not you believe Elliot Wave theory is any good or not, this is what it would predict. If you gave someone who knew about Elliot trading the facts we've established - they'd make this prediction. So let's see how that would look on the GBPJPY chart. I'm having problems with my cTrader platform today, so will have to use MT4 charting.


These are three distinct swings from a high to a low. It also fits all the other Elliot rules about swing formation (which I won't cover, but you can Google and learn if you'd like to). We then go into a period of correction. GBPJPY rallies for a year.
This corrective year does not look very different from a corrective week. Which I've shown how we can understand and trade though various different posts.

https://preview.redd.it/m9ga8pp97wj31.png?width=590&format=png&auto=webp&s=6ed069207b8297c0ab67d6608206b57a1b354fef
Source: https://www.reddit.com/Forex/comments/cwwe34/common_trading_mistakes_how_trend_strategies_lose/

Compare the charts, there is nothing different. It's not because I've copied this chart, it is just what a trend and correction looks like. I've shown this is not curve fitting by forecasting these corrective weeks and telling you all my trades in them (very high success rate).

What about the retrace level?
When we draw fibs from the shoulders high (which is where the resistance was, there was a false breakout of it giving an ever so slightly higher high), it's uncanny how price reacted to this level.

https://preview.redd.it/68pa0bgc7wj31.png?width=667&format=png&auto=webp&s=8f78ce2c11f267f32dacd17c8717dcfa1f8bcb6a
This is exactly what the theory would predict. I hope even those sceptical about Elliot theory can agree this looks like three trend moves with corrections, a big correction and then a top at 61.8%. Which is everything the starting data would predict if the theory was valid and in action.

Assumptions and Planning


To this point, I've made no assumptions. This is a reporting/highlighting of facts on historical data of this pair. Now I am going to make some assumptions to use them to prepare a trade plan. These will be;

  • This is an Elliot formation, and will continue to be.
  • Since it is, this leg will have symmetry to the previous leg.

I'll use the latter to confirm the former. I'll use a projection of what it'd look like if it was similar to the previous move. I'll put in my markers, and look for things to confirm or deny it. There'll be ways to both suggest I am right, and suggest I am wrong. For as long as nothing that obviously invalidates these assumptions happens in the future price action, I'll continue to assume them to be accurate.

Charting Up for Forecasts

The first thing I have do here is get some markers. What I want to do is see if there is a consistency in price interactions on certain fib levels (this is using different methods from what I've previously discussed in my posts, to avoid confusion for those who follow my stuff). I am going to draw extension swings and these will give level forecasts. I have strategies based upon this, and I'm looking for action to be consistent with these, and also duplicated in the big swings down.
I need to be very careful with how I draw my fibs. Since I can see what happened in the chart, it obviously gives me some bias to curve fit to that. This does not suit my objective. Making it fit will not help give foresight. So I need to look for ways to draw the fib on the exact same part of the swing in both of the moves.

https://preview.redd.it/d5qwm8vg7wj31.png?width=662&format=png&auto=webp&s=ad2deba557f9f6d8a0fe06d34cbe3307e7cccc24

These two parts of price moves look like very similar expressions of each other to me. There is the consolidation at the low, and then a big breakout. Looking closer at the top, both of them make false breakouts low before making a top. So I am going to use these swings to draw my fibs on, from the low to the high. What I will be looking for as specific markers is the price reaction to the 1.61% level (highly important fib).
A strategy I have designed around this would look for price to stall at this level, bounce a bit and then make a big breakout and strong trend. This would continue into the 2.20 and 2.61 extension levels. So I'm interested to see if that matches in.

https://preview.redd.it/mpoqz4aj7wj31.png?width=663&format=png&auto=webp&s=710d72120085c1e137c800f57a36f910f78eebcb
Very similar price moves are seen in the area where price traded through the 1.61 level. The breakout strategy here predicts a retracement and then another sell to new lows.
On the left swing, we made a retracement and now test lows. On the right swing, we've got to the point of testing the lows here. This is making this level very important. The breakout strategy here would predict a swing to 61 is price breaks these lows. This might sound unlikely, but this signal would have been flagged as possible back in 2008. It would require the certain criteria I've explained here, and all of this has appeared on the chart since then. This gives me many reasons to suspect a big sell is coming.

On to the next assumption. For this fall to happen in a strong style like all of these are suggesting, it'd have to be one hell of a move. Elliot wave theory would predict this, if it was wave 3 move, these are the strongest. From these I'm going to form a hypothesis and then see if I can find evidence for or against it. I am going to take the hypothesis that where we are in this current GBPJPY chart is going to late come to been seen in a larger context as this.

https://preview.redd.it/tkfzja5n7wj31.png?width=661&format=png&auto=webp&s=47fc014619a61728f16e1527e729b82edad6b94e

This hypothesis would have the Brexit lows and correction from this being the same as the small bounce up before this market capitulated. This would forecast there being a break in this pair to the downside, and that then being followed by multiple sustained strong falls. I know this looks insanely big ... but this is not much in the context of the theme of the last 50 years. This sort of thing has always been what happened when we made this breakout.

Since I have my breakout strategy forecasting 61, I check for confluence of anything that may also give that area as a forecast. I'm looking for symmetry, so I take the ratio of the size of the first big fall on the left to the ratio of when it all out crashed. These legs are close to 50% more (bit more, this is easy math). The low to high of the recent swing would be 7,500 pips. So this would forecast 11,000.
When you take that away from the high of 156, it comes in very close to 61. Certainly close enough to be considered within the margin of error this strategy has for forecasting.

I will be posting a lot more detailed trade plans that this. Dealing specific levels to plan to engage the market, stop trailing and taking profit. I'll also quite actively track my trades I am making to enter into the market for this move. This post is to get the broad strokes of why I'm looking for this trade in place, and to help you to have proper context by what I mean when you hear me talking about big sells on this pair and other XXXJPY pairs.
submitted by whatthefx to Forex [link] [comments]

Preparing for the Impulse: The Japanese Yen Surge

Preparing for the Impulse: The Japanese Yen Surge
Against it's major counterparts, the JPY has been showing a lot of strength. It's now getting into areas where it is threatening breakouts of decade long support and resistance levels.

Opportunity for us as traders if this happens is abundant. We've not seen trading conditions like this for over 10 years on this currency, and back then it was a hell of a show! In this post I'll discuss this, and my plans to trade it.

I'm going to focus on one currency pair, although I do think this same sort of move will be reflected across most of the XXXJPY pairs. The pair I will be using is GBPJPY. I like the volatility in this pair, and along with the JPY looking continually strong and there being uncertainty in the GBP with possible Brexit related issues, this seems like an ideal target for planning to trade a strong move up in the JPY.

The Big Overview

I'll start by drawing your attention to something a lot of you will have probably not been aware of. GBPJPY has always been in a downtrend. All this stuff happening day to day, week to week and month to month has always fitted into an overall larger downtrend. In the context of that downtrend, there have been no surprises in the price moves GBPJPY has made. This is not true of the real world events that drove these moves. Things like market crashes, bubbles and Brexit.

https://preview.redd.it/9r6rnqo4rvj31.png?width=1258&format=png&auto=webp&s=738602a2157e08c3f9ec6c588ae603edb5b71a36
Source: https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-JPY

I know this has been largely sideways for a long time, but it is valid to say this is a downtrend. The highs are getting lower, and the lows have been getting lower (last low after the Brexit fall and following 'flash crash' some weeks later).
This is important to understand, because it's going to help a lot when we look at what has happened over the last 5 - 10 years in this pair, and what it tells us might be about to happen in the coming few months and year to come. If the same pattern continues, a well designed and executed trade plan can make life changing money for the person who does that. I hope those of you who take the time to check the things I say here understand that is very feasible.

The last Decade


In the same way I've shown you how we can understand when a trend has corrective weeks and see certain sorts of price structure in that, from 2012 to 2015 GBPJPY had a corrective half decade. In the context of large price moves over decades, this was a sharp correction. I've discussed at length in my posts how sharp corrections can then lead into impulse legs.
https://preview.redd.it/j5q3jrtvsvj31.png?width=1269&format=png&auto=webp&s=a76fdb3de6e943234352f4b9832483c35e082a4b
I've explained though my posts and real time analysis and trades in the short term how in an impulse leg we would expect to see a strong move in line with the trend, then it stalling for a while. Choppy range. Then there being a big spike out move of that range. Making dramatic new lows. Then we'd enter into another corrective cycle (I've been showing you weeks, it's more practical. We'll be looking at the same thing scaled out over longer, that's all).

At this point, we can say the following things which are all non-subjective.
  • GBPJPY has always been in a downtrend.
  • A clear high after a strong rally was made in 2016
  • Since then, GBPJPY has downtrended
5 year chart confirms the latter two points.

https://preview.redd.it/ac1kjwr1uvj31.png?width=1249&format=png&auto=webp&s=f94861cab758119231fff168233bebac832cf456

These are interesting facts. We can do a lot of with this information to understand where we may really be in the overall context of what this pair is doing.

The Clear Trend Cycle of the Last 5 Years


If we were to use the Elliot Wave theory, based on the above data we have we'd expect to see down trending formations on the weekly chart over the last 5 years. These would form is three distinct trend legs, each having a corrective pattern after. We would expect to see after that a strong correction (corrective year in down trending 5 year cycle), it stop at the 61.8% fib and then resume a down trend. The down trend would form similarly in three main moves.

Whether or not you believe Elliot Wave theory is any good or not, this is what it would predict. If you gave someone who knew about Elliot trading the facts we've established - they'd make this prediction. So let's see how that would look on the GBPJPY chart. I'm having problems with my cTrader platform today, so will have to use MT4 charting.


https://preview.redd.it/s8vguiimvvj31.png?width=823&format=png&auto=webp&s=96d023db99041c9ba91f61ab87d3bd48de8da514
These are three distinct swings from a high to a low. It also fits all the other Elliot rules about swing formation (which I won't cover, but you can Google and learn if you'd like to). We then go into a period of correction. GBPJPY rallies for a year.
This corrective year does not look very different from a corrective week. Which I've shown how we can understand and trade though various different posts.
https://preview.redd.it/yowdmil6wvj31.png?width=733&format=png&auto=webp&s=bad142803823e6a7f8af56ef63ebebc574210c4b
Source: https://www.reddit.com/Forex/comments/cwwe34/common_trading_mistakes_how_trend_strategies_lose/

Compare the charts, there is nothing different. It's not because I've copied this chart, it is just what a trend and correction looks like. I've shown this is not curve fitting by forecasting these corrective weeks and telling you all my trades in them (very high success rate).

What about the retrace level?
When we draw fibs from the shoulders high (which is where the resistance was, there was a false breakout of it giving an ever so slightly higher high), it's uncanny how price reacted to this level.
https://preview.redd.it/axvtd22wwvj31.png?width=822&format=png&auto=webp&s=518f309232552ea33921e939b08d2bf28ba76f0b
This is exactly what the theory would predict. I hope even those sceptical about Elliot theory can agree this looks like three trend moves with corrections, a big correction and then a top at 61.8%. Which is everything the starting data would predict if the theory was valid and in action.

Assumptions and Planning


To this point, I've made no assumptions. This is a reporting/highlighting of facts on historical data of this pair. Now I am going to make some assumptions to use them to prepare a trade plan. These will be;

  • This is an Elliot formation, and will continue to be.
  • Since it is, this leg will have symmetry to the previous leg.

I'll use the latter to confirm the former. I'll use a projection of what it'd look like if it was similar to the previous move. I'll put in my markers, and look for things to confirm or deny it. There'll be ways to both suggest I am right, and suggest I am wrong. For as long as nothing that obviously invalidates these assumptions happens in the future price action, I'll continue to assume them to be accurate.

Charting Up for Forecasts

The first thing I have do here is get some markers. What I want to do is see if there is a consistency in price interactions on certain fib levels (this is using different methods from what I've previously discussed in my posts, to avoid confusion for those who follow my stuff). I am going to draw extension swings and these will give level forecasts. I have strategies based upon this, and I'm looking for action to be consistent with these, and also duplicated in the big swings down.
I need to be very careful with how I draw my fibs. Since I can see what happened in the chart, it obviously gives me some bias to curve fit to that. This does not suit my objective. Making it fit will not help give foresight. So I need to look for ways to draw the fib on the exact same part of the swing in both of the moves.

https://preview.redd.it/xgvofjcl0wj31.png?width=823&format=png&auto=webp&s=6d2564bbe2ece9506c425397c672c16cd75a2766
These two parts of price moves look like very similar expressions of each other to me. There is the consolidation at the low, and then a big breakout. Looking closer at the top, both of them make false breakouts low before making a top. So I am going to use these swings to draw my fibs on, from the low to the high. What I will be looking for as specific markers is the price reaction to the 1.61% level (highly important fib).
A strategy I have designed around this would look for price to stall at this level, bounce a bit and then make a big breakout and strong trend. This would continue into the 2.20 and 2.61 extension levels. So I'm interested to see if that matches in.

https://preview.redd.it/4tl024da2wj31.png?width=810&format=png&auto=webp&s=09a813fcdf67a0fac41ff1d9a44b540fd1298106
Very similar price moves are seen in the area where price traded through the 1.61 level. The breakout strategy here predicts a retracement and then another sell to new lows.
On the left swing, we made a retracement and now test lows. On the right swing, we've got to the point of testing the lows here. This is making this level very important. The breakout strategy here would predict a swing to 61 is price breaks these lows. This might sound unlikely, but this signal would have been flagged as possible back in 2008. It would require the certain criteria I've explained here, and all of this has appeared on the chart since then. This gives me many reasons to suspect a big sell is coming.

On to the next assumption. For this fall to happen in a strong style like all of these are suggesting, it'd have to be one hell of a move. Elliot wave theory would predict this, if it was wave 3 move, these are the strongest. From these I'm going to form a hypothesis and then see if I can find evidence for or against it. I am going to take the hypothesis that where we are in this current GBPJPY chart is going to late come to been seen in a larger content as this.

https://preview.redd.it/ctcill674wj31.png?width=814&format=png&auto=webp&s=538847fce98009b8177e079aa6a3ecba0684e73f
This hypothesis would have the Brexit lows and correction from this being the same as the small bounce up before this market capitulated. This would forecast there being a break in this pair to the downside, and that then being followed by multiple sustained strong falls.
Since I have my breakout strategy forecasting 61, I check for confluence of anything that may also give that area as a forecast. I'm looking for symmetry, so I take the ratio of the size of the first big fall on the left to the ratio of when it all out crashed. These legs are close to 50% more (bit more, this is easy math). The low to high of the recent swing would be 7,500 pips. So this would forecast 11,000.
When you take that away from the high of 156, it comes in very close to 61. Certainly close enough to be considered within the margin of error this strategy has for forecasting.

I will be posting a lot more detailed trade plans that this. Dealing specific levels to plan to engage the market, stop trailing and taking profit. I'll also quite actively track my trades I am making to enter into the market for this move. This post is to get the broad strokes of why I'm looking for this trade in place, and to help you to have proper content by what I mean when you hear me talking about big sells on this pair and other XXXJPY pairs.
submitted by whatthefx to u/whatthefx [link] [comments]

Finding Trading Edges: Where to Get High R:R trades and Profit Potential of Them.

Finding Trading Edges: Where to Get High R:R trades and Profit Potential of Them.
TL;DR - I will try and flip an account from $50 or less to $1,000 over 2019. I will post all my account details so my strategy can be seen/copied. I will do this using only three or four trading setups. All of which are simple enough to learn. I will start trading on 10th January.
----
As I see it there are two mains ways to understand how to make money in the markets. The first is to know what the biggest winners in the markets are doing and duplicating what they do. This is hard. Most of the biggest players will not publicly tell people what they are doing. You need to be able to kinda slide in with them and see if you can pick up some info. Not suitable for most people, takes a lot of networking and even then you have to be able to make the correct inferences.
Another way is to know the most common trades of losing traders and then be on the other side of their common mistakes. This is usually far easier, usually everyone knows the mind of a losing trader. I learned about what losing traders do every day by being one of them for many years. I noticed I had an some sort of affinity for buying at the very top of moves and selling at the very bottom. This sucked, however, is was obvious there was winning trades on the other side of what I was doing and the adjustments to be a good trader were small (albeit, tricky).
Thus began the study for entries and maximum risk:reward. See, there have been times I have bought aiming for a 10 pip scalps and hit 100 pips stops loss. Hell, there have been times I was going for 5 pips and hit 100 stop out. This can seem discouraging, but it does mean there must be 1:10 risk:reward pay-off on the other side of these mistakes, and they were mistakes.
If you repeatedly enter and exit at the wrong times, you are making mistakes and probably the same ones over and over again. The market is tricking you! There are specific ways in which price moves that compel people to make these mistakes (I won’t go into this in this post, because it takes too long and this is going to be a long post anyway, but a lot of this is FOMO).
Making mistakes is okay. In fact, as I see it, making mistakes is an essential part of becoming an expert. Making a mistake enough times to understand intrinsically why it is a mistake and then make the required adjustments. Understanding at a deep level why you trade the way you do and why others make the mistakes they do, is an important part of becoming an expert in your chosen area of focus.
I could talk more on these concepts, but to keep the length of the post down, I will crack on to actual examples of trades I look for. Here are my three main criteria. I am looking for tops/bottoms of moves (edge entries). I am looking for 1:3 RR or more potential pay-offs. My strategy assumes that retail trades will lose most of the time. This seems a fair enough assumption. Without meaning to sound too crass about it, smart money will beat dumb money most of the time if the game is base on money. They just will.
So to summarize, I am looking for the points newbies get trapped in bad positions entering into moves too late. From these areas, I am looking for high RR entries.
Setup Examples.
I call this one the “Lightning Bolt correction”, but it is most commonly referred to as a “two leg correction”. I call it a “Lightning Bolt correction” because it looks a bit like one, and it zaps you. If you get it wrong.

https://preview.redd.it/t4whwijse2721.png?width=1326&format=png&auto=webp&s=c9050529c6e2472a3ff9f8e7137bd4a3ee5554cc
Once I see price making the first sell-off move and then begin to rally towards the highs again, I am waiting for a washout spike low. The common trades mistakes I am trading against here is them being too eager to buy into the trend too early and for the to get stopped out/reverse position when it looks like it is making another bearish breakout. Right at that point they panic … literally one candle under there is where I want to be getting in. I want to be buying their stop loss, essentially. “Oh, you don’t want that ...okay, I will have that!”
I need a precise entry. I want to use tiny stops (for big RR) so I need to be cute with entries. For this, I need entry rules. Not just arbitrarily buying the spike out. There are a few moving parts to this that are outside the scope of this post but one of my mains ways is using a fibs extension and looking for reversals just after the 1.61% level. How to draw the fibs is something else that is outside the scope of this but for one simple rule, they can be drawn on the failed new high leg.

https://preview.redd.it/2cd682kve2721.png?width=536&format=png&auto=webp&s=f4d081c9faff49d0976f9ffab260aaed2b570309
I am looking for a few specific things for a prime setup. Firstly, I am looking for the false hope candles, the ones that look like they will reverse the market and let those buying too early get out break-even or even at profit. In this case, you can see the hammer and engulfing candle off the 127 level, then it spikes low in that “stop-hunt” sort of style.
Secondly I want to see it trading just past my entry level (161 ext). This rule has come from nothing other than sheer volume. The amount of times I’ve been stopped out by 1 pip by that little sly final low has gave birth to this rule. I am looking for the market to trade under support in a manner that looks like a new strong breakout. When I see this, I am looking to get in with tiny stops, right under the lows. I will also be using smaller charts at this time and looking for reversal clusters of candles. Things like dojis, inverted hammers etc. These are great for sticking stops under.
Important note, when the lightning bolt correction fails to be a good entry, I expect to see another two legs down. I may look to sell into this area sometimes, and also be looking for buying on another couple legs down. It is important to note, though, when this does not work out, I expect there to be continued momentum that is enough to stop out and reasonable stop level for my entry. Which is why I want to cut quick. If a 10 pips stop will hit, usually a 30 pips stop will too. Bin it and look for the next opportunity at better RR.

https://preview.redd.it/mhkgy35ze2721.png?width=1155&format=png&auto=webp&s=a18278b85b10278603e5c9c80eb98df3e6878232
Another setup I am watching for is harmonic patterns, and I am using these as a multi-purpose indicator. When I see potentially harmonic patterns forming, I am using their completion level as take profits, I do not want to try and run though reversal patterns I can see forming hours ahead of time. I also use them for entering (similar rules of looking for specific entry criteria for small stops). Finally, I use them as a continuation pattern. If the harmonic pattern runs past the area it may have reversed from, there is a high probability that the market will continue to trend and very basic trend following strategies work well. I learned this from being too stubborn sticking with what I thought were harmonic reversals only to be ran over by a trend (seriously, everything I know I know from how it used to make me lose).

https://preview.redd.it/1ytz2431f2721.png?width=1322&format=png&auto=webp&s=983a7f2a91f9195004ad8a2aa2bb9d4d6f128937
A method of spotting these sorts of M/W harmonics is they tend to form after a second spike out leg never formed. When this happens, it gives me a really good idea of where my profit targets should be and where my next big breakout level is. It is worth noting, larger harmonics using have small harmonics inside them (on lower time-frames) and this can be used for dialling in optimum entries. I also use harmonics far more extensively in ranging markets. Where they tend to have higher win rates.
Next setup is the good old fashioned double bottoms/double top/one tick trap sort of setup. This comes in when the market is highly over extended. It has a small sell-off and rallies back to the highs before having a much larger sell-off. This is a more risky trade in that it sells into what looks like trending momentum and can be stopped out more. However, it also pays a high RR when it works, allowing for it to be ran at reduced risk and still be highly profitable when it comes through.

https://preview.redd.it/1bx83776f2721.png?width=587&format=png&auto=webp&s=2c76c3085598ae70f4142d26c46c8d6e9b1c2881
From these sorts of moves, I am always looking for a follow up buy if it forms a lightning bolt sort of setup.
All of these setups always offer 1:3 or better RR. If they do not, you are doing it wrong (and it will be your stop placement that is wrong). This is not to say the target is always 1:3+, sometimes it is best to lock in profits with training stops. It just means that every time you enter, you can potentially have a trade that runs for many times more than you risked. 1:10 RR can be hit in these sorts of setups sometimes. Paying you 20% for 2% risked.
I want to really stress here that what I am doing is trading against small traders mistakes. I am not trying to “beat the market maker”. I am not trying to reverse engineer J.P Morgan’s black boxes. I do not think I am smart enough to gain a worthwhile edge over these traders. They have more money, they have more data, they have better softwares … they are stronger. Me trying to “beat the market maker” is like me trying to beat up Mike Tyson. I might be able to kick him in the balls and feel smug for a few seconds. However, when he gets up, he is still Tyson and I am still me. I am still going to be pummeled.
I’ve seen some people that were fairly bright people going into training courses and coming out dumb as shit. Thinking they somehow are now going to dominate Goldman Sachs because they learned a chart pattern. Get a grip. For real, get a fucking grip. These buzz phrases are marketeering. Realististically, if you want to win in the markets, you need to have an edge over somebody.
I don’t have edges on the banks. If I could find one, they’d take it away from me. Edges work on inefficiencies in what others do that you can spot and they can not. I do not expect to out-think a banks analysis team. I know for damn sure I can out-think a version of me from 5 years ago … and I know there are enough of them in the markets. I look to trade against them. I just look to protect myself from the larger players so they can only hurt me in limited ways. Rather than letting them corner me and beat me to a pulp (in the form of me watching $1,000 drop off my equity because I moved a stop or something), I just let them kick me in the butt as I run away. It hurts a little, but I will be over it soon.
I believe using these principles, these three simple enough edge entry setups, selectiveness (remembering you are trading against the areas people make mistakes, wait for they areas) and measured aggression a person can make impressive compounded gains over a year. I will attempt to demonstrate this by taking an account of under $100 to over $1,000 in a year. I will use max 10% on risk on a position, the risk will scale down as the account size increases. In most cases, 5% risk per trade will be used, so I will be going for 10-20% or so profits. I will be looking only for prime opportunities, so few trades but hard hitting ones when I take them.
I will start trading around the 10th January. Set remind me if you want to follow along. I will also post my investor login details, so you can see the trades in my account in real time. Letting you see when I place my orders and how I manage running positions.
I also think these same principles can be tweaked in such a way it is possible to flip $50 or so into $1,000 in under a month. I’ve done $10 to $1,000 in three days before. This is far more complex in trade management, though. Making it hard to explain/understand and un-viable for many people to copy (it hedges, does not comply with FIFO, needs 1:500 leverage and also needs spreads under half a pip on EURUSD - not everyone can access all they things). I see all too often people act as if this can’t be done and everyone saying it is lying to sell you something. I do not sell signals. I do not sell training. I have no dog in this fight, I am just saying it can be done. There are people who do it. If you dismiss it as impossible; you will never be one of them.
If I try this 10 times with $50, I probably am more likely to make $1,000 ($500 profit) in a couple months than standard ideas would double $500 - I think I have better RR, even though I may go bust 5 or more times. I may also try to demonstrate this, but it is kinda just show-boating, quite honestly. When it works, it looks cool. When it does not, I can go bust in a single day (see example https://www.fxblue.com/users/redditmicroflip).
So I may or may not try and demonstrate this. All this is, is just taking good basic concepts and applying accelerated risk tactics to them and hitting a winning streak (of far less trades than you may think). Once you have good entries and RR optimization in place - there really is no reason why you can not scale these up to do what may people call impossible (without even trying it).
I know there are a lot of people who do not think these things are possible and tend to just troll whenever people talk about these things. There used to be a time when I’d try to explain why I thought the way I did … before I noticed they only cared about telling me why they were right and discussion was pointless. Therefore, when it comes to replies, I will reply to all comments that ask me a question regarding why I think this can be done, or why I done something that I done. If you are commenting just to tell me all the reasons you think I am wrong and you are right, I will probably not reply. I may well consider your points if they are good ones. I just do not entering into discussions with people who already know everything; it serves no purpose.

Edit: Addition.

I want to talk a bit more about using higher percentage of risk than usual. Firstly, let me say that there are good reasons for risk caps that people often cite as “musts”. There are reasons why 2% is considered optimum for a lot of strategies and there are reasons drawing down too much is a really bad thing.
Please do not be ignorant of this. Please do not assume I am, either. In previous work I done, I was selecting trading strategies that could be used for investment. When doing this, my only concern was drawdown metrics. These are essential for professional money management and they are also essential for personal long-term success in trading.
So please do not think I have not thought of these sorts of things Many of the reasons people say these things can’t work are basic 101 stuff anyone even remotely committed to learning about trading learns in their first 6 months. Trust me, I have thought about these concepts. I just never stopped thinking when I found out what public consensus was.
While these 101 rules make a lot of sense, it does not take away from the fact there are other betting strategies, and if you can know the approximate win rate and pay-off of trades, you can have other ways of deriving optimal bet sizes (risk per trade). Using Kelly Criterion, for example, if the pay-off is 1:3 and there is a 75% chance of winning, the optimal bet size is 62.5%. It would be a viable (high risk) strategy to have extremely filtered conditions that looked for just one perfect set up a month, makingover 150% if it was successful.
Let’s do some math on if you can pull that off three months in a row (using 150% gain, for easy math). Start $100. Month two starts $250. Month three $625. Month three ends $1,562. You have won three trades. Can you win three trades in a row under these conditions? I don’t know … but don’t assume no-one can.
This is extremely high risk, let’s scale it down to meet somewhere in the middle of the extremes. Let’s look at 10%. Same thing, 10% risk looking for ideal opportunities. Maybe trading once every week or so. 30% pay-off is you win. Let’s be realistic here, a lot of strategies can drawdown 10% using low risk without actually having had that good a chance to generate 30% gains in the trades it took to do so. It could be argued that trading seldomly but taking 5* the risk your “supposed” to take can be more risk efficient than many strategies people are using.
I am not saying that you should be doing these things with tens of thousands of dollars. I am not saying you should do these things as long term strategies. What I am saying is do not dismiss things out of hand just because they buck the “common knowns”. There are ways you can use more aggressive trading tactics to turn small sums of money into they $1,000s of dollars accounts that you exercise they stringent money management tactics on.
With all the above being said, you do have to actually understand to what extent you have an edge doing what you are doing. To do this, you should be using standard sorts of risks. Get the basics in place, just do not think you have to always be basic. Once you have good basics in place and actually make a bit of money, you can section off profits for higher risk versions of strategies. The basic concepts of money management are golden. For longevity and large funds; learned them and use them! Just don’t forget to think for yourself once you have done that.

Update -

Okay, I have thought this through a bit more and decided I don't want to post my live account investor login, because it has my full name and I do not know who any of you are. Instead, for copying/observing, I will give demo account login (since I can choose any name for a demo).
I will also copy onto a live account and have that tracked via Myfxbook.
I will do two versions. One will be FIFO compliant. It will trade only single trade positions. The other will not be FIFO compliant, it will open trades in batches. I will link up live account in a week or so. For now, if anyone wants to do BETA testing with the copy trader, you can do so with the following details (this is the non-FIFO compliant version).

Account tracking/copying details.

Low-Medium risk.
IC Markets MT4
Account number: 10307003
Investor PW: lGdMaRe6
Server: Demo:01
(Not FIFO compliant)

Valid and Invalid Complaints.
There are a few things that can pop up in copy trading. I am not a n00b when it comes to this, so I can somewhat forecast what these will be. I can kinda predict what sort of comments there may be. Some of these are valid points that if you raise I should (and will) reply to. Some are things outside of the scope of things I can influence, and as such, there is no point in me replying to. I will just cover them all here the one time.

Valid complains are if I do something dumb or dramatically outside of the strategy I have laid out here. won't do these, if I do, you can pitchfork ----E

Examples;

“Oi, idiot! You opened a trade randomly on a news spike. I got slipped 20 pips and it was a shit entry”.
Perfectly valid complaint.

“Why did you open a trade during swaps hours when the spread was 30 pips?”
Also valid.

“You left huge trades open running into the weekend and now I have serious gap paranoia!”
Definitely valid.

These are examples of me doing dumb stuff. If I do dumb stuff, it is fair enough people say things amounting to “Yo, that was dumb stuff”.

Invalid Complains;

“You bought EURUSD when it was clearly a sell!!!!”
Okay … you sell. No-one is asking you to copy my trades. I am not trading your strategy. Different positions make a market.

“You opened a position too big and I lost X%”.
No. Na uh. You copied a position too big. If you are using a trade copier, you can set maximum risk. If you neglect to do this, you are taking 100% risk. You have no valid compliant for losing. The act of copying and setting the risk settings is you selecting your risk. I am not responsible for your risk. I accept absolutely no liability for any losses.
*Suggested fix. Refer to risk control in copy trading software

“You lost X trades in a row at X% so I lost too much”.
Nope. You copied. See above. Anything relating to losing too much in trades (placed in liquid/standard market conditions) is entirely you. I can lose my money. Only you can set it up so you can lose yours. I do not have access to your account. Only mine.
*Suggested fix. Refer to risk control in copy trading software

“Price keeps trading close to the pending limit orders but not filling. Your account shows profits, but mine is not getting them”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
* Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Buy limit orders will need to move up a little. Sell limit orders should not need adjusted.

“I got stopped out right before the market turned, I have a loss but your account shows a profit”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
** Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Stop losses on sell orders will need to move up a bit. Stops on buy orders will be fine.

“Your trade got stopped out right before the market turned, if it was one more pip in the stop, it would have been a winner!!!”
Yeah. This happens. This is where the “risk” part of “risk:reward” comes in.

“Price traded close to take profit, yours filled but mines never”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
(Side note, this should not be an issue since when my trade closes, it should ping your account to close, too. You might get a couple less pips).
*** Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Take profits on buys will need to move up a bit. Sell take profits will be fine.

“My brokers spread jumped to 20 during the New York session so the open trade made a bigger loss than it should”.
Your broker might just suck if this happens. This is brokerage. I have no control over this. My trades are placed to profit from my brokerage conditions. I do not know, so can not account for yours. Also, if accounting for random spread spikes like this was something I had to do, this strategy would not be a thing. It only works with fair brokerage conditions.
*Suggested fix. Do a bit of Googling and find out if you have a horrific broker. If so, fix that! A good search phrase is; “(Broker name) FPA reviews”.

“Price hit the stop loss but was going really fast and my stop got slipped X pips”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
If my trade also got slipped on the stop, I was slipped using ECN conditions with excellent execution; sometimes slips just happen. I am doing the most I can to prevent them, but it is a fact of liquidity that sometimes we get slipped (slippage can also work in our favor, paying us more than the take profit would have been).

“Orders you placed failed to execute on my account because they were too large”.
This is brokerage. I have no control over this. Margin requirements vary. I have 1:500 leverage available. I will not always be using it, but I can. If you can’t, this will make a difference.

“Your account is making profits trading things my broker does not have”
I have a full range of assets to trade with the broker I use. Included Forex, indices, commodities and cryptocurrencies. I may or may not use the extent of these options. I can not account for your brokerage conditions.

I think I have covered most of the common ones here. There are some general rules of thumb, though. Basically, if I do something that is dumb and would have a high probability of losing on any broker traded on, this is a valid complain.

Anything that pertains to risk taken in standard trading conditions is under your control.

Also, anything at all that pertains to brokerage variance there is nothing I can do, other than fully brief you on what to expect up-front. Since I am taking the time to do this, I won’t be a punchbag for anything that happens later pertaining to this.

I am not using an elitist broker. You don’t need $50,000 to open an account, it is only $200. It is accessible to most people - brokerage conditions akin to what I am using are absolutely available to anyone in the UK/Europe/Asia (North America, I am not so up on, so can’t say). With the broker I use, and with others. If you do not take the time to make sure you are trading with a good broker, there is nothing I can do about how that affects your trades.

I am using an A book broker, if you are using B book; it will almost certainly be worse results. You have bad costs. You are essentially buying from reseller and paying a mark-up. (A/B book AKA ECN/Market maker; learn about this here). My EURUSD spread will typically be 0.02 pips or so, if yours is 1 pip, this is a huge difference.
These are typical spreads I am working on.

https://preview.redd.it/yc2c4jfpab721.png?width=597&format=png&auto=webp&s=c377686b2485e13171318c9861f42faf325437e1


Check the full range of spreads on Forex, commodities, indices and crypto.

Please understand I want nothing from you if you benefit from this, but I am also due you nothing if you lose. My only term of offering this is that people do not moan at me if they lose money.

I have been fully upfront saying this is geared towards higher risk. I have provided information and tools for you to take control over this. If I do lose people’s money and I know that, I honestly will feel a bit sad about it. However, if you complain about it, all I will say is “I told you that might happen”, because, I am telling you that might happen.

Make clear headed assessments of how much money you can afford to risk, and use these when making your decisions. They are yours to make, and not my responsibility.

Update.

Crazy Kelly Compounding: $100 - $11,000 in 6 Trades.

$100 to $11,000 in 6 trades? Is it a scam? Is it a gamble? … No, it’s maths.

Common sense risk disclaimer: Don’t be a dick! Don’t risk money you can’t afford to lose. Do not risk money doing these things until you can show a regular profit on low risk.
Let’s talk about Crazy Kelly Compounding (CKC). Kelly criterion is a method for selecting optimal bet sizes if the odds and win rate are known (in other words, once you have worked out how to create and assess your edge). You can Google to learn about it in detail. The formula for Kelly criterion is;
((odds-1) * (percentage estimate)) - (1-percent estimate) / (odds-1) X 100
Now let’s say you can filter down a strategy to have a 80% win rate. It trades very rarely, but it had a very high success rate when it does. Let’s say you get 1:2 RR on that trade. Kelly would give you an optimum bet size of about 60% here. So if you win, you win 120%. Losing three trades in a row will bust you. You can still recover from anything less than that, fairly easily with a couple winning trades.
This is where CKC comes in. What if you could string some of these wins together, compounding the gains (so you were risking 60% each time)? What if you could pull off 6 trades in a row doing this?
Here is the math;

https://preview.redd.it/u3u6teqd7c721.png?width=606&format=png&auto=webp&s=3b958747b37b68ec2a769a8368b5cbebfe0e97ff
This shows years, substitute years for trades. 6 trades returns $11,338! This can be done. The question really is if you are able to dial in good enough entries, filter out enough sub-par trades and have the guts to pull the trigger when the time is right. Obviously you need to be willing to take the hit, obviously that hit gets bigger each time you go for it, but the reward to risk ratio is pretty decent if you can afford to lose the money.
We could maybe set something up to do this on cent brokers. So people can do it literally risking a couple dollars. I’d have to check to see if there was suitable spreads etc offered on them, though. They can be kinda icky.
Now listen, I am serious … don’t be a dick. Don’t rush out next week trying to retire by the weekend. What I am showing you is the EXTRA rewards that come with being able to produce good solid results and being able to section off some money for high risk “all or nothing” attempts; using your proven strategies.
I am not saying anyone can open 6 trades and make $11,000 … that is rather improbable. What I am saying is once you can get the strategy side right, and you can know your numbers; then you can use the numbers to see where the limits actually are, how fast your strategy can really go.
This CKC concept is not intended to inspire you to be reckless in trading, it is intended to inspire you to put focus on learning the core skills I am telling you that are behind being able to do this.
submitted by inweedwetrust to Forex [link] [comments]

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