• ## What are Fibonacci retracement levels?

It's very simple. Fibonacci retracement levels are the same resistance and support levels, i.e. the levels from which price is pushed back during the movement. A kind of "ceiling" and "floor" of the price. The difference between ordinary resistance and support levels is that Fibonacci retracement levels are calculated based on the Fibonacci sequence, i.e., they're based on the "golden section" principle. Why are Fibonacci retracement levels called "retracement levels"? Because in order to build support and resistance calculated this way, we need a pullback in price, i.e. a price increase following a price drop or, conversely, a price drop following a price increase. With such a tool as Fibonacci retracement levels we can calculate...

• ## How to quickly solve 3 problems of a beginner trader, preventing him from earning

Most traders lose money. According to different data, 70-80% participants of the trade remain in deficit. Without hesitation, we can list dozens of reasons why a trader's account can decrease with every trade. But let us highlight 3 important points. They can be solved relatively quickly and see the result. 1 - lack of information Gathering information is important for a trading decision. Most beginners deal with analytics in one of 2 ways: Ignore the importance of information and open trades intuitively or based on primitive analysis. They hear that a moving average breakout gives a signal - so they trade until they lose money. They constantly study 1-2 sources. The verified channel is great. But this is how a trader looks...

• ## Three ways to close a deal with a profit on the currency market

The lifetime of any position on the foreign exchange market consists of three stages: opening a trade, accompanying it, and closing it. All trading strategies give a comprehensive answer to the question of when to open and when to close a trade. The question of tracking an open position in the vast majority of strategies is practically not disclosed, although it can increase profits by 200% or more. At the moment, there are three most common ways to accompany an open trade. Method #1: Stop-loss and Take-profit The rules of classical trading on the currency market imply installation of two orders that will close the open trade without any participation of a trader: stop-loss will close the trade with a loss, take-profit will close it with a profit. The first way of accompaniment is built on...

• ## The 13 most important rules of a trader, which you can hang on the wall

The work of a trader seems simple and easy only to an uninitiated person. A trader is constantly within the rigid framework of rules and restrictions. These are the laws of technical and fundamental analysis, the rules of money management, etc. But there are frameworks, in which competent trader pushes himself, of his own free will, because to go beyond them turns trading into a casino, where the result will always be the same - the total loss of the deposit. Here are the most important rules for a trader If you are in doubt whether to open a deal or not, there can only be one solution: do not open it. It is better to miss the entrance to a profitable trade than to lose your money. Don't be in a hurry to jump into a "going out...

• ## What are MTF indicators?

Very often in the name of the indicator you can find the letters MTF, which beginners and not only traders take simply as a part of the name, not suspecting that they contain the description of a quite powerful and useful function built into the indicator. Today, let's examine what MTF indicators are and how they work. What is MTF mode? The letters MTF in the name of the technical indicator stand for Multi Time Frame. This means that the indicator is able to display its values, taken from other time intervals, on the price chart of a currency pair. To analyze the market situation, a trader almost always uses the chart of the currency pair on several time intervals. This is a technically competent approach to business....

• ## 3 MT4 terminal charting features you may not have known about

In order to trade profitably in the foreign exchange market, it is necessary to be able to work with the price charts of currency pairs. The trading terminal MetaTrader 4 provides the trader not only the ability to display charts in the form of lines, bars or Japanese candlesticks, but also a way to change the charts themselves. Let's talk in detail about what you can do with the price charts in the MT4 terminal. Scaling the chart in MT4 First of all, a trader can change the time frame of the chart. It is necessary for the correct analysis of situation and vision of the full picture of the market. Besides, every type of trading includes trading on different timeframes: scalping and pipsing - on TF from М1 to М15, intraday trading - on ТF from М1 to М15, scalping...

• ## What is the international gold market

Gold is not just a precious metal. Along with some currencies, SDRs, IMF reserve positions, gold (in the form of gold and foreign exchange reserves of states) belongs to the international liquid resources. International gold market has its own structure and a number of features, which we will discuss in this article. Evolution of gold price For more than 40 years there have been two parallel prices for gold: real and official. From 1933 to 1976 the official price of gold was determined by the U.S. Treasury. For example, beginning in 1944, the official price of a troy ounce was set at \$35. In 1971, when the U.S. currency was devalued, the official price of the metal...

• ## The subtleties of channel trading strategies

A trading strategy is one of the cornerstones of trading. A trader without a strategy turns into an ordinary person, haphazardly poking buttons in the terminal. Each of the strategies has its own characteristics and today we will disclose all the subtleties of channel trading strategies. The price of a pair on the currency market fluctuates within a certain corridor that can be represented as a channel. "The main principle upon which all channel trading strategies are based is the price movement in the channel. Trading in the price channel is profitable if you clearly define the channel in which the price moves. For this purpose, a certain time interval is taken and the levels the price reached are determined,...

• ## Reinvestment or deposit acceleration. How to do it right?

Nowadays, trading on the currency market has transformed from a kind of "elite club" into something that anyone can do. With just a few dollars in your pocket, you can open a trading account and proudly declare: "I am a currency trader!". Nevertheless after having traded on mini, micro, nano and other cent accounts for a while the trader must give up the idea of earning million from the initial deposit of \$100 and must realize that greater profits are possible only on a large trading account. Reinvestment - the Way to Hidden Losses Not every trader can (and wants to) invest a lot of his own money into trading on the foreign exchange market. Of course...

• ## Scalping. What strategy should a trader choose?

If you are reading this article, you probably know that there are many markets, trading strategies and ways to profit. The amount of information and opportunities has grown so much these days that it would take a novice trader several years of continuous work to test each of them. The number of books, courses and seminars is already uncountable. Where to turn your gaze? Market skeptics, beaten in battles, are already clear that getting rich quick is a marketing myth and they pay attention to other factors: the suitability of the trading strategy to the goals set, lifestyle, risk appetite, psychotype and way of thinking. This is what ultimately becomes decisive when choosing your niche in...

• ## Three basic trading strategies to enter the market for beginners

The ability to correctly analyze the price chart of a currency pair is one of the key skills for a trader. However, its presence does not automatically make a trader successful. Undoubtedly, the results of trading depend a lot on technical analysis skills, but the skill of chart analysis itself excludes the participation of some money and emotions of a trader. It is problematic to exclude money and emotions from the process of real trading on the currency market. That is why two traders with the same knowledge and skills will show absolutely different results. You can't just enter the market. Every day many trading recommendations and forecasts for trading on the currency market are published on websites devoted to trading. However, none of the most...

• ## 3 ways to open a deal on the foreign exchange market

Probably every newcomer to the foreign exchange market has heard of money management. It would seem, what is so complicated about money management? However, more than one trader has lost all his money because of wrong money management. The methods of money management are extensive enough for us to consider them in one article - today we will focus on three methods of entering the market, or rather - the size of the position to be opened. The name of the method comes from the slang name for a pack of bills. The essence of the method "The whole cutlet" is to open a deal with the maximum available volume, without setting a stop-loss order. The benefit of this approach is obvious - with a large amount of leverage can be in...

• ## Trader or gambler? 5 distinctive qualities

Having marked the dates of Fed meetings on the interest rate in the calendar, learned to draw trend lines and open deals on a demo account, we can proudly call ourselves a beginning trader. But is it really so? Where is the thin line that separates a trader from a usual gambler, who does not care where he gets his adrenaline - in a casino, a sweepstakes or the foreign exchange market? We believe that these five qualities are inherent in a good trader, distinguishing him from a gambler. 1. Sticking to the rules of your trading system Perhaps that is the main difference between a successful trader and a gambler. A good trader has his own rules in ...

• ## Odds and superstitions of traders. Part 2

Everyone has their own superstitions and omens. Some people go around the block if a black cat crosses the road, some are afraid of dropping a fork or spilling salt, etc. And you can't even imagine how many of these "worries" stock and currency traders have! 1. A common amulet that attracts money is money - certain coins and banknotes. For example, in Russia, such an amulet has always been a nickel. In Germany, it is believed that financial well-being brings a bent coin or a coin with a hole in the middle. In the U.S., an amulet that attracts money, is considered the first earned dollar. In the offices of many wealthy investors and stockbrokers...

• ## 6 signs of a professional trader from analyst Dmitry Gurkovsky

Today Dmitry Gurkovsky - analyst at RoboForex, private trader, lecturer and host of training courses for novice traders - is a guest of Fortrader magazine. We will talk about trading currencies, cryptocurrencies and other assets in Russia. - Hello Dmitry. How did it happen that you got acquainted with trading on financial markets? - Greetings! My acquaintance with financial markets and trading has been, on the one hand, by accident, but on the other hand, quite natural. But I didn't understand it at once, of course. In my childhood and adolescence I watched movies like "Wall Street" and "Trading Places", read Dreiser's "The Financier", etc. It's true that I didn't immediately understand the main messages of these works either, but what impressed me was...

• ## 6 types of levels on the market

Every trader coming to the foreign exchange market starts his or her acquaintance with the market with supports and resistances. The success of an open deal depends on the correct identification of the levels. There are many strategies built on the principle of breaking through important technical levels or rebounding from them. However, not all of them will taste the same and they mainly differ in their strength. Support and resistance levels can be roughly divided into 6 types, which we will classify in order of increasing strength. Air Levels The air level of support or resistance is named because it is formed "flat". It is formed when the bodies or tails of at least four candles bounce from one and the same candle.

• ## What does trading consist of?

If you've ever seen charts of the dynamics of financial instruments for trading (currency pairs, stocks, futures, etc.), you've wondered: "How can I make money on it?" The short answer to such a question is: "Buy when the price starts going up and sell when it starts going down." It would seem that everything is easy and simple! But then the question arises, "How do you know if the price has started to rise or fall?" And this, in fact, is one of the most important questions in trading. Thanks to scientific and technological progress, modern traders have a fairly large arsenal of methods and technical devices for rapid analysis of the market situation. But if you put all the computers on the back burner...