Setting Strategy with Forex Chart

November 10th, 2022 by admin No comments »

Motivated by the return from selling and purchase various currencies,Guest Posting you always have chance to learn more about this business. Just like other income opportunities, forex trading source from diverse causes. What are top tools in forex trading for decision making? What is forex chart and how it can help to make good forecasting in the future.

To master the skills needed in this forex trading, you should get familiar with the financial tools. The top tool for forex trading is forex chart. Why? Your gain or profit in forex trading will be based on the changes in the currency exchange rate; any movement is potential to generate income and causes losses. The up and down exchange rate behaves in certain patterns. The chart will give you the historical data to show how the market behaves. It could follow the Symmetrical Triangles, Double Top and Head and Shoulders pattern.

Once you identify that the currency you are observing now tends to have certain pattern, it will be the starting point for you to forecast the future movement. The prediction will be based on the current movement of the forex, combined with your observation of the affecting factors. The chart will support better analysis in image compared to statistical data in table. the visualization of the data will help to understand the pattern and make a good forecast for future. When you are quite sure where the exchange rate will move, you can do action to buy or sell to make forex gain.

The advancement of forex chart available today has provided not only the chart. The software has the option to send alert for certain changes. The other forex chart even equipped by suggested strategies for certain pattern of forex movement. You should carefully use the chart from various forex charts available in the market. Free forex chart is not difficult to find in internet, but the premium forex chart with many tools could be helpful for you to make a good decisions. You can do it your self or hire a broker to do the transaction. The target is the same: foreign exchange transaction gain.

Make sure that you will buy the chart that you can understand and use, not a details chart that you get lost in it. Forex trading needs commitment to observe the opportunities in the movement of forex rate. Good forex chart should give clear historical movement of the forex during the day including opening range of trading, the movement of trading in between, and the range at the end of the day. The chart is also a good source to observe the movement for weekly, monthly and yearly. The additional tools are helpful to develop strategy and giving alert to certain type of movement. A good strategy should take into account the factors affecting the forex rate movement such as political, natural disaster, and economy.

New CFTC Forex Trading Leverage Rules – Main Street Gets Thumped by Wall Street Again! (Art 2 of 3)

April 1st, 2022 by admin No comments »

There is a rumour doing the rounds that there may be a little more than meets the eye to the new CFTC proposals to reduce leverage for retail forex traders from 100:1 to 10:1.

The rumour involves a turf war. The two rival gangs are futures brokers and forex brokers. The futures brokers are the Old Boys Club, the forex brokers are the cocky new kids on the block. Both are registered at the NFA, both are regulated by the CFTC, but at the moment there is only one winner – the forex brokers.

Forex brokers’ growth skyrocketed while futures commission merchants at best stagnated. It is estimated that 20% of forex trading in Japan is now done by people like you and me, little people, who were previously excluded from this game. A major New York based forex broker claims 150,000 live trading accounts and $600 million in client funds.

So the Old Boys Club, the futures brokers in Chicago, watched as new forex start-ups grabbed more and more of their market share every day. The forex guys so effectively combined new technology (the internet) with aggressive marketing that they leapfrogged the competition puffing on their cigars in dark wood-panelled rooms.

Some Futures brokers incorporated forex brokers and added forex to the mix of their offer to the public. But it wasn’t enough. While some of these measures helped to stop the drain of their existing client base they were stagnating in terms of growth while forex brokers were booming.

So what did they do? Here’s my educated guess. Let’s look at the history.

Initially the Futures Modernization Act (that regulated both futures and forex traders) had the best interest of the forex trader and investor at heart because it brought some much needed regulation into a gangster paradise. Except it didn’t stop there.

In fact they went on regulating and regulating and regulating. In fact, the CFTC took more regulatory actions against a handful of forex brokers in a few years than they took against all the rogue old boys in their many years of not always proud and ethical existence! And still the regulatory screws tightened.

All these regulations about global spot forex trading were legislated in the US Farm Bill of 2008 and the powers so vested in the CFTC. Farm Bill? That’s right, pork bellies, bushels of corn, and forex – to the regulator it was one and the same. Find that a bit strange? I do.

Take a quick look at this:

• The 2002 Act asked for measly capital requirements of $250,000 for forex brokers.
• Soon this was increased to $1,000,000, then $5,000,000. Swimming in cash most of the forex brokers posted this collateral out of their back pockets and more were registering every month.
• Regulations soon set the minimum at $20,000,000.

Reputation Management is the Answer How Your Business Is Perceived

March 1st, 2022 by admin No comments »

Is it true that you are keen on finding out about dealing with your standing? Have you been searching for accommodating and solid data? Indeed, this article will ensure you get a few strong ideas. It will assist you with sorting out some way to more readily deal with your standing.

Posting data via online media locales is essential to your business’ standing. You should post a few times each week at any rate to actually run an advertising effort. Assuming you see that posting via online media locales is overpowering, consider recruiting an aide to make your posts for you.

At the point when individuals invest in some opportunity to offer something about your business, it is vital that you are sufficiently gracious to answer. While you might be an extremely bustling individual, it shows your crowd that you really care about them and what they need to say. This is imperative to keep a consistent client base.

At the point when you talk with your crowd, ensure that you do as such in a conversational tone. Individuals try to avoid the possibility of entrepreneurs continuously addressing them with promoting to them. While you would like to make a deal, you ought to never cause a client to feel like this is your main concern.

Be grateful. Assuming somebody leaves a decent audit about your organization, send them an individual message and express gratitude toward them for their criticism. On the off chance that conceivable, send your client a coupon for a specific percent off on their next buy as a much obliged. In the event that this is preposterous, earnestly say thanks to them for their input.