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1. Redeemable Bonus:
The Bonus will be put into the client’s account as Trading Credits upon meeting the deposit criteria and could be redeemed as CASH BONUS once the corresponded level of trading volume requirements has been achieved.
The Redeemable Bonus will be put into Eligible account as trading credits within two working days after the deposits criteria met the date.
The Redeemable Bonus will become redeemable if Eligible Accounts Holders met the corresponded trading volume requirements within 7 months after the account activation date. The trading credits could be redeemed as cash bonus or withdrawals.
On the contrary, the trading credits will be cancelled if the Eligible Account Holders fail to meet the trading volume requirements within 7 months from the account activation date. However, to protect the best interest of AETOS Clients, AETOS will take reasonable steps to measure if the Eligible Account meets any lower level of criteria or requirement, to redeem the next best available bonus.
If the client makes a withdrawal or internal transfer during the promotion period, the redeemable bonus will be cancelled or deducted if the remaining deposits CAN NOT meet the Deposits Criteria or meet a lower level of the Deposits Criteria.
Client may also choose to send an email to email@example.com for early redemption if the Eligible Account has met the lower level of the trading volume requirements. The client at their own choice to accept a lower redemption amount as CASH BONUS and forgo the remaining redeemable bonus.
This promotion may be used in conjunction with other promotional offers only if the second promotional offer is not one where credits/bonus is offered. Such credits/bonus type promotions are limited to one-time only for each account holder. Ensure you have read the Terms and Conditions before you decide to join an AETOS promotion.
The bonus is to be considered as a personal offer, based on specific terms, and may not be transferred from one account to the other.
7. Trading Volume Requirements:
The Trading Volume is calculated as per closed trade.
The trading volume requirements require Eligible Account Holders to meet within 7 months period since the account activation date.
The 13 levels of Trading Volume Requirements correspond with each level of Deposit Criteria and Redeemable Bonus.
The trading volumes is calculated for Eligible Account only.
Share CFDs and Cryptocurrency CFDs will be excluded from trading volume calculation.
AETOS Markets (V) Ltd (“AETOS”) offers the Promotion defined hereunder to new and existing clients. (“You” or Your).
Subject to these terms and conditions, you may be entitled to an extra trading credit for each new deposit made into your trading account during the promotion period. The trading credits you can receive will be up to $10,000 in total. (the “Promotion”).
2. PROMOTION PERIOD
The promotion starts on 23 September 2023 at 21:00 GMT and ends on 23 December 2023 at 21:59 GMT (The “Promotion Period”).
3. HOW TO PARTICIPATE To be eligible to participate in the Promotion, You must:
be a natural person;
be a resident of Vietnam, Thailand, Malaysia and Indonesia;
be over eighteen years of age or over the maturity in Your jurisdiction;
having a live trading account with AETOS. and not subject to any dispute or default;
such account(s) are always subject to AETOS’ Terms and Conditions;
such account(s) have not been subject to any dispute or default;
make deposits into your AETOS trading account during the Promotion Period (“Deposit”);
Agree and comply with these Promotion Terms and Conditions;
(Collectively, the “Eligibility Requirements”)
For the avoidance of doubt, if You do not comply with the Eligibility Requirements, You will not be entitled to participate in this Promotion.
100% FIRST DEPOSIT BONUS 1. Eligibility a) All applicants must be 18 years old or over and subject to our Terms of Business. b) Bonus can only be claimed by verified clients. c) The offer is limited to one per household and one per person, even if they have multiple accounts. d) Trading account of a client will not be credited with the bonus if that account is already subject to another promotion. 2. Terms and Conditions a) The bonus promotion is 100% of the initial deposit. b) The bonus promotion will be applied only once. It cannot exceed $5000. c) The bonus will be valid for two calendar months from the time that the bonus has been credited to the account. d) The client can submit a bonus request no later than 5 business days after the deposit. Requests submitted outside of this time limit will not be processed. e) If an eligible client withdraws funds from his/her account during the promotional period, the account will be disqualified from the offer and bonus amount will be credited out from the account. f) ACX FX is not responsible for informing the client when the bonus is removed from the account. 3. Further Conditions a) ACX FX may reject client’s bonus application(s) at any time without prior notification or providing reasons for such decision. b) ACX FX may cancel a client’s bonus at any time without prior notification. c) ACX FX reserves the right to modify or change any of the terms and conditions of this trading credit bonus promotion without client’s consent. d) Any situation not described in these rules shall be subject to the Company’s decision.
50% deposit bonus award up to a maximum of $ 25,000 bonus on deposit
to new or existing trading account.
Withdrawable Bonus Upon Achieving the trading transactions target within bonus validity period (60 calendar days), formula as follows: Bonus Amount x 10% = No of Transactions to be achieved Example 1:
$25,000 bonus x 10% = 2,500 standard Lot (Equal to $250,000,000) Example 2:
$1000 bonus x 10% = 100 standard Lot (Equal to $10,000,000) Example 3:
$100 bonus x 10% = 10 standard Lot (Equal to $1,000,000)
Withdrawable Bonus and calculated on FX & Metals transactions only.
Nonlosable bonus, as the bonus amount shall be removed from the account as soon as the equity is equal with the bonus amount.
Deposit bonus is applicable to executive and VIP accounts only.
Deposit bonus is applicable to new and existing clients.
Deposit bonus is applicable to new deposits only , such as initial deposit of new client’s account, and to the new first deposit of existing client’s account after the bonus has been officially published.
Bonus offer is restricted to one trading account per client and for one time only.
Bonus Offer does not apply to Accuindex employees or their relatives.
The bonus amount will be placed in client’s trading account and used for trading purposes only
In the event that client was unable to achieve the number of transactions target during the 60 days period, client will not be able to withdraw funds or conduct an internal transfer from the bonus account to any sub accounts until the expiry of the bonus period ( 60 days ), but if the client has decided to withdraw fund or conduct an internal transfer from bonus account to sub accounts during the mentioned period, bonus will be withdrawn and removed from the account immediately without prior notice.
In the event that client has achieved the number of transactions target during the 60 days period , bonus amount will be converted to actual deposit and becomes as a real balance in his/her account, upon the achievement of the transactions target , client will be permitted to withdraw fund or conduct an internal transfer from the account except the bonus value, as bonus value shall remain in the account, and no withdrawal of the bonus value will be permitted until the expiry of the bonus period ( 60 days ).
In the event that there are open position(s) at the time the bonus is removed (either at the end or during the 60-calendar day period, or because of funds withdrawal) and the removal places the account on margin call, it is the client responsibility to ensure that an additional fund is injected in the account.
This offer is not valid on automatic trading system (Expert Advisor)
You acknowledge, understand, and agree that the Offer is not an intentional inducement to acquire Accuindex products, or a recommendation that our products are suitable to your particular circumstances, and that the credit is not an intentional inducement to conduct transactions in any of our financial products.
In the event that we suspect that you have abused or attempted to abuse this promotion, or in any other way acted with a lack of good faith towards us, we reserve the right, in our sole discretion, to deny, withhold or withdraw the credit and/or to deny or withdraw any associated payment while we investigate. If necessary, we may also cancel any Terms and Conditions with respect to your account, either temporarily or permanently, and may also suspend or terminate your access to the service and your account.
Where not specifically covered herein, the relevant Accuindex Client Agreement will apply where appropriate.
The “First Deposit Bonus” campaign is valid only in special cases and is only provided to the selected group of Participants. This “Special Bonus” is not transferable and is solely limited to the recipient of this offer.
– Minimum Deposit to request a Bonus is 100 USD/EUR/GBP or 500 BRL – 50% of the initial deposit, but not more than 1000 USD/EUR/GBP or 5000 BRL
The Bonus constitutes only additional free margin limit and therefore it increases the amount of funds available for trading (i.e. for opening new positions and maintaining margin requirements to such positions). Bonus however is not a part of the balance of the trading account and as such it cannot be withdrawn.
The Bonus is deposited to the client’s account funds are deposited to and approved by 4XC as margin credit and therefore cannot be used to cover negative balance loss.
The Bonus can be requested only by new clients who have never funded their 4XC trading account before.
The Bonus funds are considered to be property of 4xCube Ltd (“4XC”).
4XC shall not be liable for any loss (including, without limitation, indirect, special or consequential loss or loss of profits), costs, expense or damage which is suffered or sustained in connection with the Credit Bonus or opening a live trading account with 4XC.
4XC is not responsible for any technical malfunction of any communications network or any late, lost, incorrectly submitted, delayed, illegible, incomplete, corrupted or misdirected entry whether due to error, transmission interruption or otherwise.
This offer cannot be used in conjunction with any other offer. Unless approved by 4XC.
At all times, 4XC reserves the right to amend, change or cancel this special bonus with a prior notice to the current Participants.
The client has full right to withdraw or transfer to another trading account any profit generated by using the Bonus amount. By doing this the client acknowledges that he doesn’t need the Bonus amount anymore and that it will be eliminated from his trading account. The client also acknowledges, that if he has ordered withdrawal or internal transfer while having open positions, then Bonus amount removal can lead to the situation when there will be not enough margin on the trading account to sustain open positions and it might even lead to stop out.
If 4XC suspects that the Participant has abused or attempted to abuse the bonus credit or otherwise acted with a lack of good faith towards 4XC, 4XC reserves the right to deny, withhold, cancel or withdraw from that Participant any Bonus amounts, and, if necessary, to cancel any terms and conditions of this Special Bonus and client agreement with respect to that Participant, either temporarily or permanently, or to terminate that Participant’s access to the services and/or block that Participant’s account(s).
All disputes or situations not covered by these terms and conditions will be resolved by 4XC management in a manner it deems to be fairest to all concerned. Such a decision shall be final and binding to the Participant.
In contrast to other major central banks, the Reserve Bank of Australia (RBA) hiked interest rates in November under its new chair Michelle Bullock after a four-month pause. But the announcement was well anticipated and a slight dovish tweak in guidance was enough to hammer the Australian dollar.
The central bank judged that another quarter percentage rate increase to 4.35%–the highest in twelve years–was necessary to achieve its 2.0% midpoint inflation target, as progress on inflation had been slower than previously anticipated, despite passing its peak. Nevertheless, the RBA refrained from providing any commitment to additional tightening, linking the future path of rates to a data-dependent approach as the Fed did.
Employment growth to strengthen but nothing cheering expected
Thursday’s employment report for October will be the first piece of data information after the RBA’s latest policy meeting and given the central bank’s dual mandate of price stability and full employment, aussie traders might be sensitive to the headlines.
That said, the results may not excite traders. Analysts foresee a mixed report, with jobs growth accelerating by 20k in October from 6k previously and the unemployment rate inching up to 3.7% from 3.6%. That could still be among the weakest surveys so far in 2023.
Recall that job creation was three times larger in Australia during the previous months, while the unemployment rate was ranging between 3.5%-3.7% throughout the year. Hence, the data must surprise significantly to fuel strong volatility in the aussie.
Perhaps, the monthly CPI indicator due on November 29th could be a bigger market mover following the continuous increase in October to 5.6% y/y. Futures markets are currently pointing to steady interest rates in December, but they reflect a potential for another rate increase to 4.6% at some point during February-September 2024 as the central bank does not expect inflation to return to 2.0% before 2025.
On the other hand, the RBA believes that the unemployment rate could stretch up to 4.2% in 2024–the highest since early 2022. Taking into account the recent record growth in population and the supply restraints in the housing sector, household spending could keep supporting inflation.
Interestingly, quarterly wage growth hit a fourteen-year high of 1.3% in Q3, suggesting that employees can still bargain for higher payments despite the surge in population. The problem here is that if the positive trend in wages continues, the RBA might have some difficulty in achieving its inflation target.
Turning to FX markets, AUDUSD resumed its positive momentum after the upbeat wage data earlier today, stretching Tuesday’s rocket rally above the key nearby resistance of 0.6520 and to a high of 0.6540. A few hours later, a soft positive surprise in US retail sales pressed the pair back below that ceiling.
Investors will look at whether the employment report can help the pair reach its falling 200-day exponential moving average (EMA) higher at 0.6565 on Thursday, and perhaps challenge the 0.6600 psychological mark too.
A disappointing report could alternatively squeeze the pair towards the 0.6450 constraining zone, while a more aggressive decline could take a breather around the 20- and 50-day EMAs at 0.6400.
PMIs suggest the US economy entered Q4 on solid footing
The divergence between US/Eurozone outlooks weighs on euro/dollar
Aussie rallies on stickier inflation, yen pinned near 150-per-dollar mark
Wall Street pays attention to corporate earnings
Euro/dollar slides from near key resistance on PMI data
Although the 10-year US Treasury yield held steady comfortably below the psychological zone of 5%, the US dollar was able to stage a comeback against most of its major counterparts as the flash US PMIs for October suggested that the world’s largest economy fared better than expected during the first month of the fourth quarter, with the manufacturing index escaping a contraction for the first time since April, and the composite index rising to 51.0 from 50.2.
This came in huge contrast to the Euro-area PMIs for the month that were released earlier in the day and painted an even uglier picture than they did in September. The divergence allowed euro/dollar bears to jump into the action from near the crossroads of the pair’s 50-day moving average and the key resistance barrier of 1.0665, suggesting the latest recovery may have been just a corrective wave within the broader downtrend.
Dollar traders turn gaze to Q3 GDP
The slide may extend, and the pair could soon retest this month’s lows if Thursday’s data reveal astounding performance of the US economy in Q3. Expectations are for a solid 4.2% annualized growth rate, with the risks perhaps tilted to the upside as the Atlanta Fed GDPNow model estimates that the US economy may have grown 5.4% during that period.
The fact that Treasury yields did not track the dollar’s rebound may be an indication that investors were still reluctant to add to bets of another hike by the Fed after the better PMIs. Indeed, according to Fed funds futures, there is only a 40% chance for one final 25bps increase by January, while there are still around 80bps worth of rate reductions penciled in for next year. That said, the implied path could well be lifted, and rate cuts could be scaled back if upcoming data continues to point to a resilient US economy.
Aussie extends gains after CPIs, dollar/yen pinned near 150
The aussie was among the currencies that outperformed the dollar yesterday, spiking even higher today after data showed that Australia’s inflation slowed by less than expected in Q3 and that the monthly y/y rate for September rose to 5.6% from 5.2%. This prompted investors to add to their bets of more hikes by the RBA, with the probability of another quarter-point increase at the November gathering rising to around 42%.
The yen attempted a recovery at some point yesterday, but the rebound in the dollar pinned the dollar/yen pair back near the highly monitored 150 territory, with traders biting their nails in anticipation of any signs of intervention by Japanese authorities. What could reveal whether officials are ready to act now or whether the level at which they feel comfortable intervening has shifted higher, may be a stellar US GDP print tomorrow that could force the pair to pierce through that psychological ceiling.
Wall Street ekes out gains, driven by upbeat earnings
Wall Street closed Tuesday in the green after upbeat forecasts from Verizon, Coca-Cola and other firms sparked optimism regarding the health of US businesses, encouraging investors to increase their risk exposure. The fact that the Fed’s implied rate path was not lifted after the better PMIs may have also helped Wall Street, which seems to be slowly shifting its attention away from the Middle East conflict.
After the closing bell, both Microsoft and Alphabet reported better-than-expected results, but the performance of their cloud services diverged. Microsoft’s Azure took off during the third quarter, but Alphabet’s cloud business saw its slowest growth in at least 11 quarters. After today’s close, it will be the turn of Meta Platforms to announce results.
In another sign that the financial world is turning its focus away from geopolitics, oil prices fell for the third straight day yesterday, perhaps as weak business surveys from the Eurozone and the UK weighed on the demand outlook.
The Bank of Canada (BoC) is widely expected to leave its policy rate unchanged at 5% in its upcoming meeting, maintaining a hawkish stance in the face of rising inflation.
The Canadian Dollar (CAD) has weakened against the US Dollar (USD) since the BoC’s last rate hike in July, influenced by ongoing inflation concerns. Inflation in Canada fell to 3.8% in September from 4% in August, but the BoC remains uneasy about its persistently high levels.
While some signs of a cooling housing market and stagnant economic activity exist, the BoC could signal future tightening due to its inflation worries.
EURCAD – D1 Timeframe
EURCAD is inching slowly towards the 76% of the Fibonacci retracement zone; which I usually consider to be a key level. The trendline resistance serves as a further confluence, as well as the 200-day moving average. This means that the scenario is likely to turn bearish in the next few hours.
CADCHF – D1 Timeframe
CADCHF is currently creating a pattern that is largely similar to the inverted head-and-shoulder pattern. The current state of the market is a retest of the bottom – a demand zone, and we can expect to see a bullish pressure from that zine in the meantime.
CADJPY – D1 Timeframe
CADJPY is currently resting on the 50-day moving average, and very close to the trendline support which can be considered a confluence. In my opinion however, I will be waiting to spot an entry from the 100-day moving average as the demand zone is considered to be a stronger confirmation since it is formed at the 76% of the Fibonacci retracement.
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
This report was written to illuminate the top misunderstood Forex areas and help Forex traders succeed and stay profitable. The information is presented in a readable way for beginners as well as advanced traders that want to tune up their trading approach and increase their success rate. You will learn by stressing the common mistakes and often revealing obvious but underestimated trading techniques. Most traders start by asking the correct question: “What’s the current market trend?”, but then most of them fail to determine the trend correctly and almost all traders miss the next important question: “How reliable is the current trend?”
The Welcome Bonus Campaign is held by SquaredFinancial regulated by the Financial Services Authority of Seychelles (‘FSA SC’).
Welcome Account Trading Conditions: Commission: No Commission, Spreads From 1.2 pips, Minimum First Deposit 100 USD/EUR, leverage of 1:500, Contract size 1 Lot – 100.000, Margin Call Level 50%, Stop Out Level 30%. Hedging, Swap, Scalping, Automated Trading and Expert Advisors are allowed.
Existing clients cannot apply for a Welcome Bonus Account.
Each Client can open only one (1) Welcome Bonus Account.
The Welcome Bonus Account is for introductory purposes.
The Welcome Bonus is not available in Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom, USA, North Korea, and Iran.
The client needs to verify their profile in order to be able to be eligible for the Welcome Bonus Account.
The Welcome Bonus will be added automatically to the Welcome account after the client makes the minimum deposit of 100 EUR/USD to the account.
Welcome Bonus cannot be transferred between accounts.
The Welcome Bonus is available in the base currency of choice equivalent (USD/EUR).
The Client should trade at least 3 lots (round turn) only for FX and Metals (Trades placed on CFDs on Indices and/or Energies will not be counted in the 3-lot requirement) within 1 month..
3 lots are counted only for FX transactions..
The Welcome Bonus can be withdrawn after the client trades 3 lots within 1 month (from the day of registration).
All profits earned and transferred from the Welcome Bonus Campaign are deemed to be null and void, if the Welcome Account or live MT4 SquaredFinancial account holder has provided incorrect, false or misleading information during the registration process.
SquaredFinancial reserves the right to reject a client from opening a Welcome Account.
Client should always maintain NET Deposits on their account amount greater or equal to 100 EUR/USD.
The Company reserves the right to revoke or change the Welcome Bonus Campaign at any time without prior notice.
Company has the right to remove the Bonus where there is any indication or suspicion of fraud, manipulation, bonus hedging, bonus abusing or other forms of deceitful or fraudulent activity.
Every client that makes a deposit more than $1200 is eligible to request 100% deposit bonus.
By requesting Deposit bonus, you acknowledge that you have read, and agreed to be bound by, these terms and conditions as well as to the PaxForex Trading Terms and Conditions.
The Forex Deposit Bonus is provided upon client’s request after funds have been deposited and before making any trades.
Total Deposit Bonus amount is equal to the Net Client Deposit.
Net Client deposit is Deposit minus withdrawal.
Total Deposit Bonus amount will be divided by 12 equals parts and granted every month.
The Bonus amount will be deposited on monthly basis equally during following 12 months with equal amounts every month till Total Deposit Amount wouldn’t be cleared/deposited/ ended.
Monthly Bonus amount calculated as Total bonus amount divided by 12.
To receive monthly deposit bonus client have to complete following conditions:
31 day passed after previously granted bonus
Trade necessary number of lots. Monthly bonus/10
Equity on the trading account must be not less than planning deposit bonuses amount.
Net Deposit amount should be more than 0
In case client got stop out, next monthly Deposit Bonus will be granted after clients deposit and without completion number of lots.
Bonus on following deposits accumulates with previous monthly bonus amounts.
The total Forex Deposit Bonus amount on one Forex account can’t exceed $10,000/EUR 9,000. Maximum Forex Deposit Bonus amount on all of the individual forex client’s accounts can’t be more than $30,000/EUR28,500
Funds transfers between accounts are not considered as initial deposit.
The bonus cannot be transfer between accounts
The bonus amount is only for trading and cannot be withdrawn.
Following receipt of the Deposit Bonus, if the Client requests, either during or after the promotional period, a withdrawal of funds from his account (or requests an internal transfer of funds from one account to another), PaxForex may at its discretion decide to remove, proportionally, the granted Deposit Bonus prior to proceeding with any Client’s withdrawal request based on the Client’s profit and/or loss ratio or deposit and/or withdrawal ratio. In the alternative, PaxForex has the discretion to implement the following options:
– (where the Client has not received the Additional Bonus) PaxForex shall be entitled, prior to the fulfillment of such request, at its complete discretion, to remove from the Client’s account a sum which equals the Deposit Bonus previously granted. If there are insufficient funds in the Client’s account to enable the removal of a sum equaling the Deposit Bonus, PaxForex shall be entitled to remove all sums in the account; or
– (where the Client has received the Additional Bonus) PaxForex shall be entitled prior to the fulfillment of such request, at its complete discretion, to remove from the Client’s account a sum which equals the Additional Bonus.If there are insufficient funds in the Client’s account to enable the removal of a sum equaling the Additional Bonus, PaxForex shall be entitled to remove all sums in the account.
PaxForex bonuses are limited to only one bonus per registered e-mail address as well as IP address and account holder. The creation of multiple accounts under different e-mail and names by one account holder in order to receive multiple bonuses from PaxForex is strictly prohibited and will lead to the cancellation of the entire bonus program for the registered account holder and the account while assets will be kept to offset fraudulent activity which resulted in losses to the company. Excess funds, if any are available after losses have been recovered, will be sent back to the account holder by the same mean the deposit was made and a permanent ban will be issued.
Any indication or suspicion of fraud, manipulation, pip hunting, pip mining, scalping, bonus hedging, cash-back arbitrage, or other forms of deceitful or fraudulent activity in an Eligible Client’s live Account(s) with PaxForex or otherwise related or connected to a Credit Bonus will nullify all previously credited bonuses of the Eligible Client’s live Accounts with PaxForex and/or any and all transactions carried and/or profits or losses garnered therein. In these circumstances, PaxForex reserves the right, at its sole discretion to close/suspend (either temporarily or permanently) all such Eligible Client’s live Accounts with PaxForex, cancel all orders and annul all profits of such participant or assign to trade 0.5 standard lots per $1 received bonus amount. In case of trade assignment bonus and profit will be held on the account until client complete the lots. In these circumstances, PaxForex shall not be liable for any consequences of the bonus cancelation, including, but not limited to, order(s) closure by Stop Out.
Any completed trading transactions with the duration of five (5) minutes or less will not be included in the lots calculation. Duration is considered the time between the opening and closing of a position.
All positions that were closed on the platform using the functions “close by” and “multiple close by” will not be included in the Lots calculation.
All positions closed with a profit or a loss of less than one (1) maximum spread will not be included in the lots calculation.
This promotion can be canceled at the discretion of the company and will remain in effect for as long as the company sees fit to provide it based on the terms and conditions outlined here and in the customer agreement.
PaxForex may make changes to these Promotion Terms and will notify you of these changes by posting the modified terms on the PaxForex website.
PaxForex advises you to revise these Promotion Terms regularly, and by your continued use of the PaxForex website and services that you accept any such modified terms.
Any dispute or situation not covered by these Promotion Terms will be resolved by our management in a manner it deems to be the fairest to all concerned. That decision shall be final and/or binding on all entrants. If these Promotion Terms are translated into a language other than English, then the English version of the Rules will be prevailing.
Synopsis E-book: Trendline Supporting the Price Movement
An important concept in technical analysis is the determination of the trend of the market. In last month’s technical analysis article titled ‘Determining the Direction and Strength of a Trend’, we have looked into how to determine the direction and strength of the trend using an indicator called ADX. This article will further elaborate on this important facet of classical technical analysis with a detailed study of trendlines.
In addition to helping to identify the prevailing trend, trendlines offer clear indicative support and resistance levels to the price movement. As a trader or investor, identifying those levels of support and resistance are key ingredients to successful trading. A support level is a price level that has strong buying strength that can absorb all the selling strength leading to an arrest to further declines in price. On the other hand, a resistance level is a price level where sellers are so abundant that it prevents further increase in price. For an effective trading strategy, such support and resistance levels must be determined. This article will discuss the construction of trendlines, use of trendline in support and resistance analysis, and extended trendlines
Preview Trendline Supporting the Price Movement.pdf
Download E-book Trendline Supporting the Price Movement
Take two traders.
Give them the same starting capital, the same trading platform, the same market, and the same trading system with precise rules for entry and exit.
Come back a month later and waht will you find?
One trader will be up 20%. The other will be down 40%.
It’s fascinating, isn’t it, how two people can have the same opportunities in life, and yet get very different results.
Synopsis E-book: Trading Forex What Investor to Know
National Futures Association is a congressionally authorized self-regulatory organization of the United States futures industry. Its mission is to provide innovative regulatory programs and services that protect investors and ensure market integrity. NFA has prepared this booklet as part of its continuing public education efforts to provide information to potential investors. The booklet presents an overview of the retail off-exchange foreign currency market and provides other important information that investors need to know before they invest in the off-exchange foreign currency market.
Preview Trading Forex What Investor to Know.pdf
Download E-book Trading Forex What Investor to Know
Please take the time to read and evaluate this information carefully. Turn the TV off, kick the kids out of the room, and give this the serious attention it deserves. Every word in this document is here for a reason. I fully realize that most will take the information seriously, but that some will not. That is OK with me. I am not sharing this to gain a single thing from anyone. I do not want part of your profits, nor do I seek any monetary compensation from you. You can share this with anybody, or keep it to yourself. You can even tell all your friends you invented the model. I don’t care. You are completely free to incorporate as little or as much of this as you see fit into your trading style. I only want you to make money.