Training
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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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What is a spread (spread) - the difference between the Bid price (the price at which the base currency is sold) and the Ask price (the price at which the base currency is bought) at the same point in time. What is the essence of the spread? The minimum spread is set by the market-maker and it increases further up the chain to the trader, because it also earns money for dealing centers and brokers as a commission for each transaction. Spread size is the criterion of market liquidity, and the higher it is, the less liquid it is. That is why spread values are small when trading popular currency pairs. For example, when opening an order on EUR/USD pair...
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You may think of yourself as a rational being, but in fact everything you do in life is determined by your emotions. Emotions upset you, drive you psychologically, intimidate you, or inspire you. They motivate your decisions, drive you to action, or paralyze you in a state of anxiety, stress, and fear. They are also the basis of your best memories. In this article, we'll look at four basic principles for dealing with your emotions, as well as three strategies for dealing with the influx of intense feelings such as anxiety, anger and sadness. Emotions are fluid You may feel anxious, feel angry the next second, and then you may be...
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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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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 ...
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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...
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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...
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Why do successful traders turn into bankrupts? Is it just the result of a few unsuccessful trades or is it somehow related to the general problems of intraday trading and is the natural end of any speculator's career? Before I try to answer these questions, I would like to explain where I got them: For almost nine years now I have been working as a coach and later as a psychologist with a number of small but quite stable private financial-investment funds. I am not a trader. But my work forces me to communicate with traders almost daily. At one time I also studied trading on financial and stock markets and listened to the advice of professional traders.
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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.
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We already have an idea of the functions of the Ishimoku indicator lines. Knowing and being able to determine the moments of signals and the levels of support and resistance given to us by the indicator lines, we have come to an important topic in working with the Ishimoku indicator - how to enter the market correctly and determine the levels of setting targets and stop orders. Let's start with the latter. When receiving a signal from a line to enter the market, we need to determine the level the price will reach during the signal processing and where to place the stop order if the signal is rejected. Let's consider it on examples....
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If you already have a basic knowledge of how to work in the financial markets and are on the threshold of building your own trading system, I recommend studying the Ishimoku indicator. The Ishimoku indicator combines the power of five lines and Japanese imagery. It is becoming more and more popular among traders, becoming a solid basis for their trading systems. This indicator can help you achieve success and financial independence. In the previous article, we learned about the definitions of the components of the Ishimoku Indicator and how its two lines Tekan Sen and Kijun Sen work. Today we will talk about the other two lines of this indicator Senkou Span A and Senkou Span B. Senkou Span...
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What are oscillators on ? In technical analysis, oscillators are indicators of the rate of price movement over a specific time frame. They refer to a leading indicator that can move around the zero line between 0 and 100%. During the periods of time when the price is stable, it either moves only within the channel or pauses for a while before reversing. The oscillator is designed to find the points after which the price will either follow the trend or move to the opposite side of the channel. The main notions, which are needed when using oscillators, are the concepts of oversold and overbought. These are the situations in which the indicator value...
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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...
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If you have never meditated before, then at least read this text to the end and then decide whether you need it or not. However, it is safe to say that a large number of traders practice meditation systematically and consider it the best way to restore emotional balance. The main problem of traders is not a strategy or a trading system. The main challenge is learning to stay emotionally detached from the course of trading and its results. Tormented by their eternal enemies, fear and greed, traders lose the ability to remain psychologically detached from their trades. The main advantage of meditation is the creation of a clear and calm mind,...
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Do you ever feel like there are some compulsive tendencies in your trading that might be slowing you down on the road to success? Or maybe your compulsive trading behavior has started to affect your financial situation and psychological state? Human psychology plays an important role in trading. Not surprisingly, those psychological traits that affect people in normal life will also determine their behavior in trading. They will either help you become a professional or break you as a trader. What is obsessive-compulsive disorder (OCD)? Obsessive-compulsive disorder (OCD) is a type of anxiety disorder. It is typically characterized by unreasonable, intrusive thoughts and irrational fears (obsessions, obsessions), on...
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What is inflation? Inflation (Latin: Inflatio) is a macroeconomic indicator of a country's economy, characterizing the change in the general price level of goods, leading to a depreciation of money. The actual inflation rate in the country at 10% says that you can buy 10% less goods for the ruble you earn, which means that inflation is a decrease in the purchasing power of money. What is the essence of inflation? The essence of inflation is that it is inherent exclusively to paper-money circulation, which means overfilling the sphere of circulation mass of paper money in excess of the needs of turnover, their depreciation and as a result the price of goods and services increases, and the falling purchasing power of money. Inflation is caused by...
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Controlling Your Emotions While Trading In fact, it may seem funny. Throughout our childhood and much of our youth, we learn to recognize our emotions, especially strong ones, and express them appropriately. We learn this from our parents, our teachers, our peers and even our idols by observing, comparing, memorizing and repeating them. Moreover, the inability to freely express our own emotions and recognize others' is called alexithymia and is considered an aberration. I think that most people, when they enter the world of trading, sincerely believe that they can manage their emotions at least to some extent. Why, then, is the reality...
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The final three important tips about a trader's mental toughness. We already talked about consistency, patience and understanding what the market is in the first and second parts of this article. Let's see what other skills we will need to improve as a trader. 7. Think more about the process of trading than the end result This is a very important point - your overall emotional background largely depends on it. You must be able to distance yourself from the results of each trade, paying attention to the technical aspects of the work. This will allow you to psychologically and emotionally detach yourself from the market, keeping your emotions under control, and at the same time remain calm and focused on your long-term goals,...
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Hello, dear colleagues. Today I bring to your attention the third lesson of the series "Price Action Trading Methods". And today I will begin the story of simple Price Action price patterns. Why do I begin? Because I cannot discuss them all in one lesson. But before we proceed directly to the patterns, let's define the basic concepts. Pattern is an English word the meaning of which is translated in Russian as "pattern", "system", "structure", "principle", "model". Because of its use in various Western disciplines and technologies, it has entered the Russian-speaking environment as a specific term in several spheres of activity at once. Thus, we can say that Рrice Astion is a trade...
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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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