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The use of patterns in trading on the currency market, be it Price Action, candlestick patterns or technical analysis patterns, is one of the popular methods of price forecasting and is used by many traders. Nevertheless, there are many examples when a seemingly perfect pattern "cheats" the trader, not realizing its potential. Today we will consider one of the ways to improve the efficiency of graphical patterns on the currency market. Unfortunately, cases of "non-performance" of the patterns on the currency market are common. It is enough to have a closer look at the chart to find them. Of course the older the timeframe the higher the probability that everything will work, but on larger...
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The foreign exchange market is replete with a variety of trading strategies. Whatever trading style a trader follows, it is always possible to find a profitable system - from scalping and pipsing to long-term trading. Many trading strategies have already passed the age of several decades, at the same time remaining profitable and effective. The binary options market, as compared to the currency market, is much younger and so far cannot delight a trader with a huge number of trading systems. However, everything new is well-forgotten old, and many traders are adapting strategies for the foreign exchange market to trade binary options. In this article, we will tell you how to properly adapt currency trading strategies for the binary options market....
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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...
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Cryptocurrency code developers usually have other goals in addition to the main task of creating a new virtual unit. This can be the calculation and development of a fundamentally new mechanism for transactions with high speed of application execution and minimal fees. Or a higher level of security for payments, regardless of the scale. Or, for example, the privacy of financial transactions - a condition that is very much in demand in the investment world. Each of these points is worth exploring in more detail. In this case, when talking about the prospects of cryptocurrency, we will take as a basis exactly the innovation - the technology or the angle of view that is atypical for the capital market. The profitability of the most promising from this point of view...
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Almost all traders have heard of position locking. However, the number of those who have a clear idea about this technique is many times less. And there is nothing surprising, because the locking is such an ambiguous technique that even experienced traders have very different opinions about it. This article will not contain any ready-made rules on how to place and open locks. We will summarize the three most commonly held opinions on the locks and leave it to our readers to draw their conclusions. Opinion one. Locking is a psychological method, which can help to avoid losses Locks are used for opening positions without stop-losses. Instead of fixing the loss, the trader opens...
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[info_block align="right"] continues to operate on weekends as well - currency exchange transactions initiated by market makers continue to take place at the interbank level.[/info_block] Every trading week the currency pair quotes in our terminal "freeze" on Friday at 23:59:59 and start moving again on Monday at 00:00:01. Trading is not held on Saturday and Sunday because of the lack of prices, so many traders think that the currency market does not work on weekends. You will be surprised, but they are wrong. Let's talk about why we need to know about the quotes on weekends. What happens to quotes on weekends?
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The dangerous Martingale money management method came to the world famous "Foreign Exchange" with the light hand of gamblers. Some traders, especially beginners, perceive the method as a trading strategy and consider martingale as the only way to achieve 100% profit. Experienced professionals treat the tactics of card dealers with caution because it is not only profit that awaits the trader at the end of the journey, but also a very likely loss of the deposit. What is Martingale? What is the essence of the Martingale system? How is Martingale applied at ? Advantages and disadvantages of the Martingale principle at How do Martingale trading strategies work? What does a trader need to know when using the martingale strategy? Is there a safe Martingale? What is needed for safe Martingale? Preparing for...
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What is the currency market? Even a beginner knows the answer to this question. And who trades on the currency market? That's right, people. Everyone has his own weaknesses and shortcomings. And when many, many people gather in some project, they become a crowd, which has its own stereotypes of behavior. Today let's talk about the stereotypes of the market crowd and what you have to do not to mingle with it. A long-long fable about a serious trader Ivan Ivanovich [info_block align="right"]Ivan Ivanovich is a serious trader. He opens the trading terminal every day, trying to make money by trading currency pairs. [/info_block]Ivan Ivanych is a serious trader. He opens a trading terminal every day,...
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Why does a trader come to the foreign exchange market? Naturally, not for a thrill, but for profit. That is why the rules of technical analysis are studied, different trading strategies are tried and a lot of literature is read. Finally, the result is achieved - the profit is made. And here one of the most important questions arises - how to get your hard-earned money? The problem is that many traders choose a broker for trading, not really being interested in how to withdraw their profit. Let's find out how to withdraw money from your brokerage account. What to do before opening a real account Before you open a real account with your broker, you should first of all ask your broker if you can withdraw your profit from the...
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In this article we continue to study modern methods of trade management. In the previous publication, we touched upon the first 9 ways to increase strategy profitability through proper position management. Let's continue to look at effective methods. Method 10. Partial close on the strength. An alternative method that can help to smooth the equity curve is to fix the profit at the first sign of strength. If you are in a trade and the market gives you an unexpected profit, take it (I use 1.5% or more profit for this rule for the day). This approach allows you to immediately capitalize some of your gains. In part, this may take you out of some trends too early, but it will also be a guarantee that...
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So, you are a successful trader who has learned all the subtleties of fundamental and technical analysis, figured out all the intricacies of indicators and patterns, and every month of trading brings you a good profit. Are you ready for the fact that a tax inspector can ring at your door and unobtrusively ask you where your taxes are? Taxes from trading in the foreign exchange market? Surprised? Let's talk about taxes in Russia. How you should properly pay income tax on . Theory First of all, it is worth noting that according to the requirements of the Tax Code of the Russian Federation, every Russian citizen is obliged to pay tax on the income he receives. The same code clearly states that...
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[info_block align="right"]Futures trading in the MT4 terminal is almost no different from conventional trading. [Most beginners and more or less experienced traders do not even know that the most popular MetaTrader 4 terminal allows you to trade not only traditional assets - currency pairs, metals and stocks - but also futures. Futures trading in the MT4 terminal is almost indistinguishable from ordinary trading. The laws and rules of fundamental and technical analysis are equally applicable, as are the construction of price charts, the use of pending orders and technical indicators. In fact, any trader can easily switch to the futures trading, of course, taking into account the peculiarities of the futures market, which we will consider...
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[info_block align="right"]Managing a trade effectively may require you to break the trade into several parts. This means that you partially close the position, and perhaps even re-enter the previously closed portions.[/info_block]To achieve stability you must be able to adapt to changes in the market once the trade has opened. Holding and hoping that price reaches your take profit is a trading strategy that is very far from the best. Low-risk/high-yield entry is all well and good, but if you can't handle a number of surprises, your results will never reach the levels they can. Before you are 17 trade management techniques that we use in our...
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[info_block align="right"]Please note that the quality of quotes history varies from broker to broker, which can cause serious differences in the results of testing one EA on accounts from different brokers[/info_block] In the modern trading environment using EAs in trading does not look exotic anymore. Almost every day there are new free and paid trading robots, which impress with their profitability and a desire to make a quick profit. However, putting an Expert Advisor on your trading account without checking is a dubious venture that leads to "unexpected" losses in potential. Therefore, we recommend you to start testing your trading robot. All you need to know about how to test an Expert Advisor in the Strategy Tester of the MetaTrader 4 terminal...
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What is HFT trading? High-frequency trading or HFT trading is a special type of robotic trading, where transactions are conducted literally in fractions of a second. HFT-strategies stand out among others because their main income items are market making and arbitrage. The main point is to exploit the speed advantage - a faster transport channel between the trader and the exchange reduces the time to send a request and receive a response. In essence, there is an arms race, where some algorithms fight with others for the right to win a few fractions of a millisecond. As a consequence of HFT-algorithms many big players began to underestimate profits when putting positions into the market, and the littering of the stock market led to...
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[info_block align="right"]The ideal scenario is that the initial deposit has already been withdrawn and the robot continues trading using only the funds earned.[/info_block] Every beginner trader has heard horror stories about trading strategies using the Martingale principle, which can quickly earn and also quickly lose the deposit, literally within a few hours. Moreover, the specialized websites are literally flooded with the robots built on the basis of the Martingale principle, averaging, placing a grid of orders and other "overcompensation". However, with time, as soon as they become more familiar with the market mechanisms and gain experience, many traders pay attention not only to the high risks of such Expert Advisors, but also to their high profitability. How to resist temptation and not to try? Yes, very...
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The use of a grid of orders in trading on the foreign exchange market is popular. Many trading strategies and robots are based on this principle and are also called grid traders from the English word "grid", which is translated as "grid". In this article we will consider the general concepts of grid trading. What types of grid of orders are there? There are two types of a grid of orders in trading: static grid of orders with a fixed step; dynamic grid of orders. Why do we need a grid of orders at all? A grid of orders is a twofold way to trap prices: In this case a net of orders is laid out at a certain distance from the current price. Such grid is called static with a fixed ...
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Traders all over the world are struggling with the task of creating an indicator that most accurately describes the current market situation, such a trading grail. There have been many attempts, but one problem remains unsolved to this day - it is the lag of signals. The indicator lag usually means the situation when after receiving the entry signal we notice that it is more profitable to open an order earlier at a more attractive price... What affects the indicator lag? There is no perfect indicator. There are market insiders who receive signals with the minimal possible lag. Ordinary traders analyze the actual price stream, so there is some lag in any case. One of the main factors influencing the indicator lag...
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This year I visited ShowFx World in Kiev and I would like to tell you about the speech of Tom Hugard, one of the most successful traders in a very large hedge fund. I should point out right away that in this article I'm going to quote his words as I understood them for myself. I've realized once again that success in trading is determined by psychology, not by strategy. It's nice to hear another confirmation of my opinion from the lips of a professional of such a level. *The slides used in this article are taken from the author's presentation. Principles of 2% successful traders The first, most important principle that guides successful traders, is to buy the strong and discount the weak. What is this...
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Hotkeys are present in almost all modern computer programs, allowing the user to greatly accelerate their work. The MetaTrader 4 trading terminal is no exception and it has more built-in hotkeys than you can imagine. Hot keys moving through the price chart Let's start with the most common keys - "Up", "Down", "Right", "Left". They can be used to easily move on a price chart: "Up" or "Left" keys move the chart to the left; "Down" or "Right" keys move the chart to the right. Using these keys will replace the usual scrolling of the mouse wheel that most traders use to move on the chart. For faster movement you can use...
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