Forex Trading Facts you need to know before trading

If you want to prevent the 95% losing traders and you want to join the 5% elite making big profits, you need to understand the facts that we're going to look at in this article. Let's look at the facts and why, there is so crucial to enjoying Forex success.

Here are the Forex trading facts you need to know and if you understand them, you are on your way to making big profits in just 30 minutes a day.

Forex trading is a fully learned skill

You don't have to be smart or have a university degree to learn Forex, the basics of trading are easy to learn and you can learn them quickly and it is a fact that you win with a simple trading chart system that is simple follows price promotion. What you have to do to win – is to have the right mindset to make your system profitable – so let's see why it's so crucial to success.

Approve of success

You must control your emotions and most traders cannot do this, if you can, you will not control them and you will lose money. The key to success is to reduce losses and do this quickly. The market will give you a lot of losses, but as long as it is small, you will also get a number of large transactions that will bring you a profit.

However, Forex Trading is not an easy thing …

With the amount of money you can make clear that trading is not easy, but the good news is if you have the right mindset and a logical and simple trading system that you can win.

There is no way to beat the market and no secret shortcut

Many people will tell you that you have defeated the market with a robot, but the market soon teaches these robot wholesalers a lesson and the trader who thinks he is effortlessly on his way to wealth joins 95% of the losing traders .

Effort and work count for nothing in terms of profit

When you start working in most jobs, the more effort or work you do, the more money you earn, but in Forex, this work rule does not apply. Forex trading is about being correct with your market timing and the time spent on trading is not relevant to your trading success. Most successful traders have a plan and simply implement it and do not look beyond it or make it complicated.

Final words

If you understand the above facts, you will understand why most traders do not make money and how you can.

What are the most celebrated festivals in Amritsar?

Amritsar is one of the holiest cities in the world. It has various historical and religious sites. This is the most important religious site of the Golden Temple of Sikhism. Being the gateway of land travelers to India from Central Asia to India, it has become the center of the country's traditional and commercial activity. Visitors from all over the world are flying to Amritsar not only to visit its religious sites but also the colorful events held here every year. Although Amisarsar hosts festivals throughout the year, the two most popular festivals in Amritsar are:

Bisakh, "Harvest Festival". Bisakhin is one of the main Sikh festivals of great religious significance. It is assumed that the tenth Guru, Guru Gobind Singh founded the Pant Khalsa-Pure Order in 1699. It has now become a widespread event, and people from all over India and elsewhere make cheap flights to Amritsar to join this festival. The harvest time of rabi (winter) crops is celebrated with joyous bangra and gida dances, big celebrations, folk music and fairs. The surroundings of the Golden Temple in Amritsar become like a carnival. It is celebrated not only in Amritsar but also in many different parts of the country. The festival day falls on the first day of the Bayakh month in the sunny Nanaksha calendar, which coincides with April 13 in the Grigoryan calendar. Locals dress in their best clothes and sing and dance. Actions that might make this event enjoyable by doing cheap Amritsar flights include: races, wrestling fights, acrobatics and folk music, as well as adding color, crafts, and food stalls.

Diwali at Golden Temple. In general, all people and Sikhs in particular celebrate the most popular Sikh tradition, Divali. It is a festival of illumination of the temple and its surroundings. Both locals and Amritsar flying cheap flights from the UK or elsewhere love to see the Golden Temple, illuminated by a chain of colorful lights. A large number of poets and singers will attend Golden Temple & # 39; to various religious congregations, including: Manji Sahib, Akal Takhat and Baba Atal: Diwali was first celebrated in the district of Emperor ah Mughal to mark the release of the Sixth Guru as people lit their homes and the Golden Temple. Now it has become a tradition to remember this lovely memory every year.

Straddle Trader Pro Review – How does the Straddle Trader Pro work?

If you have been trading in forex for some time, I am sure you have heard of forex news trade. Or maybe you avoided Forex news trade because you never knew how the market would react to a news item. But what if you had a low risk way to trade the forex news and regardless of which direction the market went, you could benefit. Well, this is what Barry Battista of forextradersdaily.com has tried to do in his latest release of the Straddle Trader Pro News Trading Software.

What is Forex News Trade?

Simply put, a trader is trying to determine which direction the market will move once a press release is made public. In the past this was almost impossible because the market reacts to the press release within a few seconds, leaving the trader barely enough time to determine whether the news is good or bad, much less, to determine whether the currency pair goes up or down. Moreover, the currency usually rises so drastically and so quickly that it was almost impossible to trade even at a profitable rate.

So what does the Straddle Trader Pro software do?

The Straddle Trader Pro is strictly news software. It is a mix of software and an expert advisor. You first have the interface of the software that is directly linked to a news feed that receives the data. The data is then processed and the parameters are passed on to the expert adviser who places transactions on your account. Now to start the transaction before it goes up or down, the Straddle Trader Pro Expert Advisor places 2 ongoing transactions. One for when it goes up, and one for when it goes down. So no matter which way it moves, it will activate one of them and automatically cancel the other transaction for you, so you don't get 2 triggered transactions.

The benefits of this are that you enter the market faster than ever before. In addition, the Straddle Trader Pro automatically takes a few risk parameters into account and sets your batch size, spread and other factors before the news ever comes out, so you don't have to panic to get the trade in.

Finally, Barry Battista keeps a schedule of all news items on his website and tells you the input factors that you can enter into the software to minimize your risk. All news items are scheduled in advance, so they are never last minute and it takes about 10 minutes to set up. The other aspect that many traders appreciate is that you are never in a transaction for more than 10 minutes. Once the exchange has been opened, you are usually only in the exchange for the first minute or 2 and then you are done. So you never have any outstanding transactions that you need to worry about.

A Forex trading system that really works

Over the years, Forex trading robots have flooded the market with mixed results. Of course there are always the good few who work, but unfortunately the majority will eventually fail. In this article we will look at the possibilities with trading robots, also known as expert advisers, and we will examine whether it is possible to have a Forex trading system that actually works.

The possibilities of trading systems are their limitations

The coding of expert advisers is always progressing and there is now even software that can read news items and adapt that information to a transaction. This new wave of programming is at the forefront of using fundamental analysis in trade algorithms; there are problems that a basic trader might point out, but that is a conversation for another article. The limitations of a trading system come down to the programmer. There are hundreds of indicators on the market that give direction to the markets and they will be correct a percentage of the time. The problem is to ensure that they are correct enough to guarantee a total profit at the end of the week, month or year.

It's a normal place for a Forex robot to work for a while and then go through bad patches that have the potential to eat up all your winnings and even blow up your account. Although these expert advisers are sold well, there is no way to know how to accurately predict the market and a rule-based trading system may not fit the market next year like the year before.

A trading system that can adapt

In conclusion, a Forex trading system that actually works will be one that can adapt to the trading environment at any time by using more than one set of rules. The use of a system that adjusts multiple rules can adapt to multiple scenarios. For example, a Forex robot that uses a scalping system in a trend market can consistently lose when the market consolidates. Having a system that can detect the change in the market and switch to a consolidation technique would result in exceptional results.

There are hundreds of systems on the market and the best tip we can give you to buy one is to look at past results and pay particular attention to the amount of drawdown. A Forex trading system that actually works has a withdrawal of less than 20% more than this, then there is a big risk that you will eventually blow up your account.

Can you create a fortune through Bitcoin mining?

Consumers, investors, enthusiasts or even technically skilled geeks can be great Bitcoin buffs. They can even follow every bitcoin news and only have one question in mind. People may just want to know if an optimistic future can be taken from the exploitation of different cryptocurrencies. Well, it's not a gimmick or surprising infomercial. The exploitation of cryptocurrencies can be an intelligent step, apart from a lucrative one. And the popularity of the Bitcoin market cannot be denied either. The Bitcoin tree of 2013 and its enormous increase in value led to its reputation. The rollercoaster ride of Bitcoin and the other cryptocurrencies, called Altcoins, found a place of eminence in every dictionary of the planet. Digital currencies have amply earned and a mining career in which they are involved can even generate income. However, the miners must have three things – enough time, enough money, and unchanging perseverance.

The first obstacle concerns the selection of a cryptocurrency. An enthusiast can mine Bitcoin. Or rather settle for other available cryptocurrencies, Dogecoin, Litecoin or Peercoin. In other words, miners have many options. Just like stocks, cryptocurrencies even have categories, blue chip or cent. Mining in the blue chip category is often associated with safety, reliability and more profit. Based on these functions, people are more inclined to use Bitcoin mining, even when it comes to using huge computing power. Altcoins, on the other hand, can also yield a reasonable profit because algorithms are simpler. But with Altcoins, the simplicity of mining and the potential benefits are not necessarily proportional.

Hardware is an aspect that the real test is starting to reveal. Even a techno-savvy miner cannot deny the Bitcoin difficulty associated with new block generation. It's about deciding which computing power to use. For Bitcoins, algorithms have become difficult to hashen. GPU & # 39; s with colossal power in combination with high-end RAM & # 39; s and reliable hard drives must therefore perform all tasks. The point is to hashm quickly. Multiple high-end GPUs that run together can generate blocks and thus speed up payouts. On the other hand, selecting a piece of software may not be that difficult. Windows can be chosen as the required operating system, but open-source Linux does better. Another requirement is a digital wallet. Mined currencies must be saved. It can be stored locally on the hard disk or remotely online. A miner just has to make smart choices.

With hardware and software in place, the mining task begins. A miner can do it all alone and collect all the benefits. But the rig must be extremely powerful. So it's pretty unbelievable. Mining pools seem a viable solution if people work together to contribute hash power and machines. This is how coins are mined at a high speed. Working together has its advantages; miners get their share. Multipole is a cheap option. If Altcoin mining is to be carried out, Middlecoin must be the miner's choice. So with all the ingredients in place, a lucrative mining installation can begin. The initial investment may seem overwhelming, but the profit is worth it!

What makes Bitcoin so volatile?

Traders are always concerned about the volatility of & quot; Bitcoin & quot; & quot; It is important to know what makes the value of this specific digital currency very unstable. Like many other things, the value of & # 39; Bitcoin & # 39; also depends on the rules of supply and demand. If the demand for & # 39; Bitcoin & # 39; increases, then the price will also rise. On the contrary, the decrease in demand for the & # 39; Bitcoin & # 39; will lead to a reduced demand. In simple words we can say that the price is determined by what amount the trading market has agreed to pay. If a large number of people want to buy Bitcoin, the price will rise. If more people & quot; bitcoins & quot; s want to sell, the price will come down.

It is worth knowing that the value of & # 39; Bitcoin & # 39; can be volatile compared to more established commodities and currencies. This fact can be attributed to the relatively small market size, which means that a smaller amount is the price of & # 39; Bitcoin & # 39; can shift. more prominent. This inconsistency will naturally decrease over time as the currency develops and the size of the market grows.

After being bullied at the end of 2016, & # 39; Bitcoin & # 39; hit a new record high level in the first week of the current year. There may be several factors that the & # 39; Bitcoin & # 39; be volatile. Some of these are discussed here.

The bad press factor

& # 39; Bitcoin & # 39; users are usually afraid of various news events, including statements from government officials and geopolitical events that & # 39; Bitcoin & # 39; may be regulated. It means the speed of & # 39; Bitcoin & # 39; adoption suffers from negative or bad press releases. Various stories about bad news created fear among investors and prohibited them from investing in this digital currency. An example of bad news is the excellent use of & # 39; Bitcoin & # 39; when processing drug transactions via Silk Road, which ended with the FBI shutdown of the market in October 2013. These kinds of stories caused panic among people and caused the & quot; Bitcoin & quot; fell sharply. On the other hand, veterans in the trade sector saw such negative incidents as proof that the & # 39; Bitcoin & # 39; industry is maturing. So the & # 39; Bitcoin & # 39; began to get its increased value shortly after the effect of bad press disappeared.

Fluctuations of the observed value

Another good reason for & # 39; Bitcoin & # 39; value to become volatile is the fluctuation of the observed value of the & quot; Bitcoin & quot; & quot; You may know that this digital currency has features that resemble gold. This is determined by a design decision by the makers of nuclear technology to limit production to a static amount, 21 million BTC. Because of this factor, investors can allocate fewer or more assets to & # 39; Bitcoin & # 39;

News about security breaches

Different news agencies and digital media play an important role in building a negative or positive public concept. If you see that something is being advertised, you are probably going for it without paying much attention to negative sides. There has been news about & # 39; Bitcoin & # 39; security breaches and it really made investors think before they put their hard-earned money into & # 39; Bitcoin & # 39; trade. They become too sensitive to choose a specific & # 39; Bitcoin & # 39; investment platform. & # 39; Bitcoin & # 39; can become volatile when & # 39; Bitcoin & # 39; community exposes security sensitivities in an effort to create a great open source response in the form of security solutions. Such security issues cause various open source software such as Linux. It is therefore recommended that & # 39; Bitcoin & # 39; developers must expose security vulnerabilities to the general public to create strong solutions.

The newest & # 39; OpenSSL & # 39; weaknesses attacked by & # 39; Heartbleed & # 39; bug and reported by Neel Mehta (a member of the Google security team) on April 1, 2014, appears to have a decreasing effect on the value of & # 39; Bitcoin & # 39; According to some reports, the & # 39; Bitcoin & # 39; value fell to 10% in the following month compared to the US dollar.

Small option value for holders of large & # 39; Bitcoin & # 39; Proportions

The volatility of & # 39; Bitcoin & # 39; also depends on & # 39; Bitcoin & # 39; holders who have large quantities of this digital currency. It is not clear to & # 39; Bitcoin & # 39; investors (with a current position of more than $ 10 million) who know how to establish a position that expands to a fiat position without seriously moving the market. So & # 39; Bitcoin & # 39; did not touch the rates for accepting the bulk market that would be important to give option value to large & # 39; Bitcoin & # 39; holders.

Effects of Mt Gox

The recent high-profile damage at & # 39; Mt Gox & # 39; are another good reason for the & # 39; Bitcoin & # 39; mobility. All these losses and the resulting heavy loss news had a double effect on instability. You may not know that this is the general float of & # 39; Bitcoin & # 39; with almost 5%. This also created a potential increase in the remaining & # 39; Bitcoin & # 39; value as a result of increased scarcity. Nevertheless, replacing this elevator was the negative outcome of the news series that followed. In particular many other & # 39; Bitcoin & # 39; gateways saw the great failure at Mt Gox as an optimistic case for the long-term outlook of the & # 39; Bitcoin & # 39;

This is the reason why the cryptocurrency dashboard is putting Bitcoin to shame

Cryptocurrencies are now very popular.

Everywhere you see headlines with impressive thousand percent profit for "coins" such as bitcoin. But what gives them value? When did you ever use bitcoin?

The truth is that it is not practical at the moment, mainly because of the amount of time it takes to complete a transaction. But there are other coins that come up as viable candidates to succeed bitcoin as the number 1 cryptocurrency.

There is much to understand about the intricacies of cryptocurrencies, but this article is more about finding an investment opportunity than explaining the science behind them.

A bubble in Bitcoin?

One thing that is important to know is the concept of & # 39; mining & # 39 ;. This is the basis of cryptocurrencies. That is how new bitcoins are made.

In simple terms, the & # 39; miner & # 39 ;, through special software, solves a complex math problem and is rewarded with new bitcoins. The transaction is then stored in the blockchain and those new bitcoins are officially in circulation.

As more bitcoins are in circulation, mining them becomes more complicated and time-consuming and less profitable. So although about 80% of the possible bitcoins are currently in circulation, the latter will not be mined until 2140.

As most people now know, bitcoin has seen a huge rally this year. It has even risen by around 1200% in the past year, making many people think it is in a bubble.

The total value of bitcoins in circulation is now more than $ 150 billion. If bitcoin were a company, it would be in the top 50 largest in the United States.

I personally believe that the only reason bitcoin is so much more valuable than any other cryptocurrency is because it was the one that first broke through to the mainstream. However, that is still important. It gives at least other coin developers something to improve.

The good thing is that even if you think you've missed the bitcoin boat, there are many other cryptocurrencies. Of course some are scams, but others have real potential.

One of those who I believe has real, practical use is called Dash.

Dash: Digital money

Firstly, Dash is ahead in terms of convenience. Bitcoin transactions currently take on average around 10 minutes to an hour. Dash wants to be the primary cryptocurrency that can be transferred directly (in less than a second) between parties, making it much more practical when it comes to buying things online or in a store.

One of the most attractive features of Dash is that 10% of the newly mined coins is given to the Dash DAO (decentralized autonomous organization). Simply put, the DAO is the treasure house of Dash. At the current price of more than $ 600 per coin, that is $ 4 million per month that it can use.

It is important to know that no other currency has this kind of continuous financing. With this money, the Dash DAO can develop the currency and put it on the market.

Anyone can also submit an idea for a project to increase the value of Dash. Thousands of Dash developers then vote for the project. An example would be to work with stores to make Dash a viable means of transaction for their goods.

Of course these developers earn money from Dash, so anything that benefits and promotes the currency will be tempting.

This creates a circular effect in which the currency is priced in price because it is better financed and marketed, then the DAO earns more money and Dash can market more.

A breakthrough for Dash

So far, Dash can be used in more than 300 physical stores and on more than 100 websites to purchase goods or services. But the breakthrough for that could come from the marijuana industry.

At present, banks may not have anything to do with marijuana transactions; everything must be done in cash. Sellers cannot even put money from their sales in a bank.

This not only entails the risk, but these companies have to pay for storage and transport of cash. That comes up quickly.

The use of Dash would be huge for these suppliers. It would also mean great things for the price of Dash.

The good news is that progress has already been made. In April, Dash collaborated with a digital payment system called Alt Thirty Six, which has partnerships with some of the country's leading business management software companies.

These software companies track transactions for hundreds of pharmacies and delivery services. That means that Dash users already have hundreds of ways to use the currency.

Since Dash officially became a payment method for Alt Thirty Six on October 11, the price has increased by 118%. That's only in a month and a half.

Only the beginning

With a market capitalization of just $ 4.8 billion compared to bitcoin & $ 39 billion, I believe that Dash still has enough room to climb ahead.

The marijuana industry is just the beginning for Dash, but it's a great one. In 2016, legal revenue was around $ 7 billion. Another estimated $ 46 billion was sold on the black market.

And as more stores are opened and marijuana becomes legal in more states, the number is expected to be $ 23 billion in 2021 and $ 50 billion in 2026.

Again, this is just the start for Dash. The unique direct transaction function makes it a viable alternative to cash, giving it a head start on other cryptocurrencies such as bitcoin.

Forex trading ways for forecast

In fact, Forex is acting as a forecast. Currency does not change randomly. Instead, it changes in a predefined way that is determined by market demand. That is why acting is not impossible if research and experience are carried out correctly.

Currency forecasting forex trading is performed in two important ways. Firstly, the technical indicators, and secondly, the market analysis based on economic and new trends. Both must be performed simultaneously.

Beginners could only predict on the basis of technical analysis, but advanced traders should predict on the basis of news related to economic trends.

Technical analysis is a smart way to predict currency changes based on mathematical formulas. Users may not need to know any mathematical details about this type of analysis. They only need to know how those indicators were used correctly.

For stochastic indicators, this way of predicting currency exchange means, for example, seeing if the indicator number goes very low or very high over a relatively long period. In this case, a trade event appears and the trader can buy or sell the currency to be traded.

On the other hand, economic analysis is used to predict currency based on the financial condition of the country that trades the currency. This depends on the industrial level of the country and also on the political state of the country. For example, if the country is at war, it will affect the currency value of that country.

As mentioned above, this type of analysis requires advanced traders to use it. The simpler are the technical indicators and not all of them, because some indicators can be difficult to use.

A Forex trading strategy is a way to predict currency fluctuations based on a combination of technical indicators and news analysis. For example, a Forex strategy can have two technical indicators, such as stochastic and MACD, and no news analysis is included in the strategy.

For a more successful strategy, the trader must use less amount of indicator for simplicity, as a general rule, easier and more successful. This applies to many fields in our lives and not just in forex trading.

Predicting currency change in a simpler way gives you a rough idea to help you make a decision to buy or sell now. The ability to predict well for currency exchange is the key to trading success. In other words: not predicting the exchange rate of the currency leads to trading failure and to losses.

4 tips to be a great Forex trader

Do you want to be successful in the Forex market? Here are tips on how you can become a success:

Be on the lookout for news announcements

Economic news or global events have a major impact on the currency pairs. For example, there are some news announcements that have generated a currency of up to 200 pips. This means that if the market goes against you, you lose a lot of money depending on your influence. To be sure you have to watch out for news and events. The great thing is that many Forex trading websites will give you notifications when there is important news and you only have to read the notifications.

Use a demo account

A demo account is an account with all the functions of a real account; therefore, when you use it, you will have the feeling of a real account. Before you start trading with real money, you must use the account and ensure that you fully understand how you can trade. In case of problems, contact customer service.

Use automated trading

If you do not have much time to invest, you must use Forex robots. These are machines that analyze the market and act on your behalf. All you have to do is set them up and they will do everything for you. To prevent you from losing, you must ensure that you set up the stop-loss account.

Note that not all trading companies allow robe wholesale; therefore you must do your research to find the right company for you.

Use smaller spreads

If you are a new trader, avoid large spreads and opt for smaller spreads instead. For example, you have to go for four pips. The reason for this is because you are still new to the market and you will certainly make mistakes. When you have a smaller spread, you don't lose a lot of money if the market is against you.

Conclusion

These are tips you must follow to be a great Forex trader. To become a master you have to invest in knowledge where you have to read as much as possible about the profession. You must also have the confidence and discipline to act only when it is the right time.

Common FX trade issues and their solutions

Make bad decisions all the time
It may be too easy to make a decision that ultimately costs money instead of making money, but traders who constantly make a decision that ultimately costs them money may want to take a few weeks break. The FX trading market can be risky and fast, and this can cause a certain amount of stress. As that stress increases, the simplest decisions seem overwhelming. Taking a break from the market gives everyone the time they need to clear their heads and make smarter decisions when they jump back.

If that doesn't work, some online courses designed to teach beginners about FX trading can be one of the perfect solutions. There is much to learn about this market, so beginners should never feel bad if they are mistaken. It happens to everyone.

Simplify things
Too many traders are still looking for the most important way to strategic their movements to get to the top. Unfortunately, this often results in graphs and data plots that strongly resemble a painting in a museum rather than a graph. Moreover, they read daily economic news and so on. Although diving into the market first may seem like the thing to do, using all of these techniques will have the opposite effect.

This is simple and often a person's instinct will tell them whether they should act or wait. This is the strongest indicator a trader can have. Instead of looking for the perfect way to act and spending countless hours reading economic news, which can be quite boring anyway, you simplify things and perhaps go with one or two indicators. These solutions will take a lot of stress out of business, and traders will find that they no longer guess themselves.

Have discipline
Having the discipline not to act is one of the perfect solutions to many problems that traders face. Those with more market experience have both the knowledge and the experience to know that if a particular trade does not follow their strategy, they should not do so. As mentioned earlier, intestinal instinct can be a powerful thing. If a trader has the slightest doubt about completing a transaction, it is a wise idea not to trade. This can mean that you simply don't have to participate in the market for weeks at a time, and that requires some discipline.

This method of earning money continues to grow in popularity, but many beginners and traders with an average level of experience experience some sort of problem on a consistent basis. This can lead to a lot of unnecessary frustration. These three tips from the most experienced traders can provide the solutions to many problems and help alleviate the stress and frustration that many beginners feel. FX trading is a fun way to earn more money, but it should never lead to extreme losses or anger, and thanks to this advice, this no longer needs to happen.