Forex for a trader
What does the pro mean after the pairs on forex com

What does the pro mean after the pairs on forex comWhat Does a Spread Tell Traders? Your Forecast Is Headed to Your Inbox. But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. Your demo is preloaded with ?10,000 virtual funds , which you can use to trade over 10,000 live global markets. We'll email you login details shortly. You are subscribed to Walker England. You can manage you subscriptions by following the link in the footer of each email you will receive. An error occurred submitting your form. Please try again later. Trading Cost Talking Points.

Spreads are based off the Buy and Sell price of a currency pair. Costs are based off of spreads and lot size. Spreads are variable and should be referenced from your trading software. Every market has a spread and so does Forex. It is imperative that new Forex traders become familiar with spreads as this is the primary cost of trading between currencies . T oday we will review the basics of reading a spread and what the spread tells us in regards to the costs of our transaction. Every market has a spread and so does Forex . A spread is simply defined as the price difference between where a trader may purchase or sell an underlying asset. Traders that are familiar with equities will synonymously call this the Bid: Ask spread. Below we can see an example of the spread being calculated for the EURUSD. First we will find the buy price at 1.35640 and then subtract the sell price of 1.35626.

What we are left with after this process is a reading of .00014. Traders should remember that the pip value is then identified on the EURUSD as the 4 th digit after the decimal, making the final spread calculated as 1.4 pips. Now we know how to calculate the spread in pips, let’s look at the actual cost incurred by traders. Spreads Costs and Calculations. Since the spread is just a number, we now need to know how to relate the spread into Dollars and Cents. The good news is if you can find the spread, finding this figure is very mathematically straight forward once you have identified pip cost and the number of lots you are trading. Using the quotes above, we know we can currently buy the EURUSD at 1.3564 and close the transaction at a sell price of 1.35474. That means as soon as our trade is open, a trader would incur 1.4 pips of spread. To find the total cost, we will now need to multiply this value by pip cost while considering the total amount of lots traded. When trading a 10k EURUSD lot with a $1 pip cost, you would incur a total cost of $1.40 on this transaction. Remember, pip cost is exponential. This means you will need to multiply this value based off of the number of lots you are trading.

As the size of your positions increase, so will the cost incurred from the spread. Changes in the Spread. It is important to remember that spreads are variable meaning they will not always remain the same and will change sporadically. These changes are based off of liquidity, which may differ based off of market conditions and upcoming economic data . To reference current spread rates, always reference your trading platform. We expanded more about this topic on page 9 of our free New to Forex Guide. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. We monitor the Forex (FX) market 24 hours a day and identify BUY and SELL trade opportunities. EUR USD usd chf gbp jpy aud usd usd cad eur jpy gbp usd usd jpy. When we identify a trade opportunity, you’ll be alerted to follow our Entry Point, Stop Loss and Take Profit Targets. Follow us on the road, at home or wherever you are. Access our Forex signal platform on your phone, tablet or computer. Receive text alerts (SMS) when it is time to trade or necessary to make adjustments to an active trade. TEST OUR SMS ALERT SYSTEM RIGHT NOW! WE SUPPORT 1000+ MOBILE CARRIERS IN 224 TERRITORIES AND COUNTRIES. Is the trend up or down?

With our Trend Meters you can view daily trend indicators for all of the 8 major currency pairs. The Forex signal platform also includes real-time streaming news and a helpful economic calendar. Easily update your alert settings if you want to adjust your SMS phone number, or modify the time of day you want to receive the signals. Subscribe to the Standard version and receive all the features mentioned above. On the other hand, if you are too busy to trade or simply prefer to have the signals automated, subscribe to the PRO version and have our signals automatically traded in your account! We keep our Forex strategies and methods. current with ongoing research and market analysis. We are available by phone, online live chat or email to discuss any questions you may have about our signals. US inquiries Call 1-800-525-1090. Please view our Contact Numbers United Kingdom: 0800-014-8954 United States: 1-800-525-1090 Australia: +61 (02) 8046 6546 Saudi Arabia: +966 08 111 055270 South Africa: +27-21-300-2834 Spain: +34-932 204 321 All International: +1-949-542-3500. It’s your life, It’s your time, you do… Whatever. We monitor the market and notify you when to trade.

Follow along or have our Trade Copier do it for you. We Stand Behind Our Proven Track Record. We were established in 1998 and have 14 Years of Forex Trading History and Performance on our Website. All Subscribers Receive. Try our signals and services with no obligation to continue. Subscriptions can be cancelled at anytime if you are not satisfied. We are available by phone, online live chat or email to discuss any questions you may have about our signals. Trading the Forex Market With Transparency Since 1998. Real-Time Forex trade signal alerts on any mobile phone in 200+ countries. Powerful cloud based forex signal software compatible with Desktop and Mobile devices. Follow our Forex signals on your own or have our signals auto traded directly to your account. Legally required risk warning - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.

The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Knowing when not to trade Forex is crucial to your success. There are a number of scenarios where it is inadvisable to trade Forex. These can be separated into personalenvironmental reasons and market reasons. Personal reasons not to trade: Get rid of all distractions. You need to keep your focus on the charts and not lose your concentration to other things going on. For instance, you might be waiting for a trade and get distracted. When you come back to your chart you have missed the trade, or even make an error in creating your trade. Distractions can cost you money. However, life is full of them so just put the cat in the hallway and shut the door. Put your baby in a playpen so you don’t have to worry that she has wandered off again. Whatever your potential distractions are, find a way to manage them before you start to trade.

Emotional times. If something emotional is happening in your life and you can’t maintain your objectivity, don’t trade! This could be any number of things that had a negative impact on your day. It could be that you had some road rage earlier or broke up with your partner etc. When trading, you need to be able to assess what is happening in quite a short amount of time. If you are mentally elsewhere then this will have a negative impact on your trading account. Emotionally taxing events are without doubt a sign of when not to trade. The personal times that you should avoid trading in can be summed up as times when you are out of sync with your normal mental rhythm. There are absolutely times where your emotions or environment negatively affect your trading. This may impact the likelihood of a successful trade. The good news is that these things tend to be in the realm of your control. The market reasons for not taking a trade are different in this sense. Market reasons tend to be external issues where you have very little control.

These can really kick you in the leg and leave you limping for a while. Ignore them at your peril! Market Reasons not to trade: Bank Holidays. These are scheduled and there is nothing you can do about it. If there is a U. S. or UK bank holiday I typically won’t trade. This is because the Banks are the biggest participants in the Forex market. If they are on holiday then the volume of transactions being carried out is greatly reduced. This can lead to either really static markets or on occasion erratic markets. Either way, I steer clear. If, however, it’s a Bank holiday in another country such as Japan or Australia then I wouldn’t trade currency pairs that belong to those countries (EURAUD, USDJPY etc.) but I would trade all the other pairs. It isn’t always about when not to trade, but also what not to trade. News. There are scheduled news releases and economic news throughout any given day. These can be found in advance by using an economic calendar. The most popular one is Forex Factory’s calendar. It can sometimes be difficult to know when not to trade when it comes to news.

There are 3 types of news: yellow, orange, and red. Each has a different expected impact which is explained in the calendar. High impact, red folders tend to really move the market, sometimes spiking in both direction, before finally settling down. These are high risk times where a lot of people get stopped out of trade. The one’s I specifically avoid would be the ISM Manufacturing data, interest rate announcements, and NFP related news announcement. However, it’s not just the announcements themselves that can affect the market. Rumours surrounding what the potential numbers will be can cause the market to move in anticipation. Therefore, it’s generally not a good idea to trade the hour before and after news releases. With NFP, it’s a good idea not to trade that entire day. That may seem extreme, but these can be the biggest account killers that lead to traders quitting. Speeches. These tend to be on the economic calendar as well. If specific people are talking, please, do not trade. These people include the ECB President Mario Draghi , Fed Chairman Jerome Powell , and BOE Governor Mark Carney . It’s important that when the BOJ Governor Haruhiko Kuroda speaks to pay attention. These tend to happen when people are asleep, but if you are trading the Japanese session then be wary! These people are notorious for dropping hints about economic policy changes that are likely to happen with the currency they are responsible for. These hints can cause a lot of speculation in the market which results in a lot of price movement.

This can affect price substantially as they are responsible for setting interest rates for those countries. As mentioned earlier, interest rate announcements can cause big movements. Erratic Periods . There will be times where a currency is moving differently from normal. Perhaps price is spiking and you don’t know why. This is a good time to stay out of the market. If you can’t understand why price is behaving in a certain way, it is usually due to some unscheduled news that has been released or leaked. That is bad news because the market will be unsure as to how to react. For instance, this happened recently during the credit crunch and the various Banks reporting that they were having major difficulties. Weekends.

It is not recommended to hold trades over the weekend unless your method is a long-term strategy which incorporates holding trades for a long time – weeks, months. A lot can happen over a weekend. All it would take is for one Bank to go bust over the weekend for your position to flip on its head. Current tensions in a lot of countries around the world lead to violence which heavily impact the market. These type of events will generally lead to the market opening after the weekend with a large gap and generally a large change in your position. This can often cause serious harm to your trading account balance. Market closeopen. It’s a good idea to avoid these or be wary around these times. At market close a number of trading positions are being closed.

This will lead to volatility in the currency markets which can then cause price to move erratically. The same applies at market open. A lot of people are opening positions as they didn’t want to hold them over the weekend for the reasons stated above. December and Summer Holidays. Banks tend to trade the Forex market at least once a day for balance sheet reasons. They can also trade multiple times throughout the day for speculation reasons. When I say balance sheet reasons, I mean to balance out their currency book. They need a certain amount of each currency to meet the demand of their customers – both personal and business – that will need to buy foreign currency from the bank or exchange their foreign currency into their local currency. Banks have to balance this out each day otherwise they leave themselves open to Foreign Exchange risk.

This means Banks are the major players in the Forex market. So during December and the summer months a lot of bank staff take their holidays. Therefore, the Forex market tends to be slower in these months because there are fewer participants. This is typically a good time for private traders, such as us, to take our holiday! If the markets are flat there is no point in trading. You may as well go off and enjoy yourself. You’ve got to keep your body in prime trading condition and holidays are a big part of giving your mind some time to relax. Recharge those batteries so that you are ready to go when you get back trading. If you know when not to trade, you will be better prepared for when you should trade! How is spread calculated when trading in the forex market? First, remember that in the forex markets investors trade one currency for another. Therefore, currencies are quoted in terms of their price in another currency. In order to express this information easily, currencies are always quoted in pairs (e. g. USDCAD).

The first currency is called the base currency and the second currency is called the counter or quote currency (basequote). For example, if it took C$1.20 to buy US$1, the expression USDCAD would equal 1.21 or 1.2. The USD would be the base currency and the CAD would be the quote or counter currency. Now that we know how currencies are quoted in the marketplace, let's look at how we can calculate their spread. Forex quotes are always provided with bid and ask prices, similar to what you see in the equity markets. The bid represents the price at which the forex market maker is willing to buy the base currency (USD in our example) in exchange for the counter currency (CAD). Conversely, the ask price is the price at which the forex market maker is willing to sell the base currency in exchange for the counter currency. Forex prices are always quoted using five numbers; so, for this example, let's say we had a USDCAD bid price of 120.00 and an ask of 120.05. Thus, the spread would be equal to 0.05, or $0.0005. To learn about the basics of the forex market, check out A Primer On The Forex Market and Getting Started In Forex . Currency Pairs Explained for Retail Traders. Currency pairs are among the most popular questions I am always asked. Sometimes it surprises me how someone wants to trade while he still doesn’t know what currency pairs are. But I should not be surprised, because we always focus on the advanced topics like technical analysis, candlesticks, indicators… and we forget about the basics. We do not consider that beginners may have difficulties in understanding the currency pairs that is the foundation of currency trading through retail brokers. In the stock market, you trade the shares of the companies. You buy and sell them.

You pay money to buy the stocks. But what if you wanted to trade or buy and sell currencies? In the stock market, companies’ shares are commodities and the currency you pay to buy them is the money. It is the same in any other kinds of trading. You pay money to buy a commodity. In foreign currency exchange, you trade currencies. So again, you have to pay something to buy something else. You pay a currency to buy another currency. You sell a currency against another currency. To be able to do that, they have created currency pairs.

For example EUR-USD is a currency pair. In each currency pair, the first currency is the commodity and the second currency is the money. In EUR-USD, the first currency which is Euro is the commodity and the second currency which is USD, is the money. When you buy EUR-USD, in fact you pay USD to buy Euro. No matter in what currency your trading account is. You can have a trading account in USD, GBP, CAD or any other currency. When you want to buy EUR-USD, your broker changes your trading account capital into USD and then pays that USD to buy Euro. This is how it works. Any trade in the market has to be done through USD. US dollar is the main currency and is the axis of all transactions on the currency market. Any currency pair that you buy or sell, has to be done through USD. These processes will be done automatically and you just need to click on the buy or sell buttons. Let’s get back to our example, EUR-USD. “Long” and “Short” Positions. As it was mentioned above, when you buy EUR-USD, in fact you pay USD to buy Euro, or you buy Euro against USD. It is possible to sell EUR-USD even before you buy it. How? Let me give you an example. You borrow my car for two weeks.

Suddenly you see someone wants to buy the car from you with a good price like $5000 above the market price. You sell my car. But you have to return my car after two weeks, right? When it is time to return my car, you go and buy exactly the same car, but with the real price which is $5000 lower than the price that you sold my car. You return my car while you have made a $5000 profit. This is what we do when we sell a currency pair before we buy it. You sell EUR-USD high and buy it low. You sell it low and buy it lower. This is how to can make profit by selling a currency pair. When you buy a currency pair, you take a “long” position and when you sell a currency pair, you take a “short” position. Long and short are just the terms we use in trading and they have nothing to do with the length of anything. They are just terms. Of course usually it takes “longer” for the price to go up and “shorter” to go down, because price goes up because of greed, and it goes down because of fear, and fear is much stronger than greed, and so it causes the price to go down much faster compared to the time it goes up. That’s why when you buy, they say you have a long position, because it may take a longer time for the price to go up. And when you sell, they say you have a short position because it may take a shorter time for the price to go down. So when we say we go long with EUR-USD it means we buy EUR-USD or indeed we buy EUR against USD, and visa versa.

Now let’s answer the “frequently asked questions” I always receive about currency pair. What Are the Major Currency Pairs? There are four major currency pairs in the market: EUR-USD ; GBP-USD ; USD-JPY and USD-CHF. What Are the Most Popular Currency Pairs? Among the four major currency pairs, EUR-USD is the most popular and has the highest volume of transactions. They say more than 70% of transactions in the trading world is focused on EUR-USD. But it doesn’t mean that 70% of the retail traders like you, trade EUR-USD only. Markets are not limited to what the retail traders do. In fact, traders are a very small portion of the markets. The big transactions are done by the big market participants like the central banks. Sometimes they do it not because of making profit, they do it because they have to. Sometimes a country has to sell its own currency against another currency to lower its currency value and control its price. The most popular currency among retail traders is GBP-JPY and EUR-JPY and also GBP-USD. GBP-JPY is the king of the currency pairs for the retail day-traders because it is so volatile. However, it is also so risky specially when it is traded through the shorter time frames. The reason is it is so volatile and strong. Its trading signals are sharp and strong, and it has a wide movement scale. Day traders trade GBP-JPY to make more profit, but this double edged sword because your losses can also be so bigger.

What Are the Most Liquid Currency Pairs? EUR-USD is the most liquid currency pair because it has the highest trading volume. However, you will not have any liquidity problem in the markets because it is such a huge market. It is not like the stock market that sometimes you can not find a buyer for the shares that you have already bought and you want to sell. Of course, there are two kinds of brokers. Liquidity can be a problem for the true ECNSTP brokers. Market maker brokers sometimes pretend that they have liquidity problems. They don’t send your trades to any banks. What Are the Most the Most Volatile Currency Pairs? As I said, GBP-JPY is the most active and the most volatile currency pair. EUR-JPY has the second position in volatility and activity. GBP-JPY and EUR-JPY were used to follow the same direction. But it is a while that they have changed. When one of them went up, the other one did the same too, and visa versa. GBP-JPY and then EUR-JPY are the most traded currency pairs among retail traders.

In general, GBP cross currency pairs are the strongest. GBP-AUD and GBP-CAD are also a strong currency pairs. What Are the Best Currency Pairs to Trade? I don’t know about the other traders, but if you ask me about the best currency pairs to trade, I will say when a currency pair forms a strong and sharp trade setup based on one of the trading strategies that I follow, it is the best currency pair to trade the trade setup it has formed. I see some traders fall in love with a special currency pair and try to trade it only. This is wrong. You limit yourself and ignore the free opportunities that the markets give you. There are several currency pairs in the market that you can trade. Why should you ignore all of them and focus on one? They say you should focus on one currency pair and “master” it. This is another “nonsense idea”. Currency pairs are not like different jobs that you have to focus on one of them to master it. There is the same rules and techniques to trade all of the currency pairs. A support line breakout is a sell signal in any currency pair. Find a valid support line on a currency pair price chart and go short after its breakout. No matter what currency pair it is. You make money. Of course don’t forget to set a reasonable stop loss always otherwise you can wipe out your account ?? Do not believe everything you read and hear. Some people start writing articles and e-books when they give up on becoming a profitable trader. So they try to make money through selling their eBooks and training courses.

Unfortunately 95% of the books, articles and training courses are written and managed by these people. And those articles, books and training courses are the main sources of “nonsense ideas” like the one that I explained above. When you follow the longer time frames like daily, weekly and monthly, you can trade several currency pairs when they form a trade setup on any of these time frames. What Is the Best Time to Trade Currency Pairs? Again I have my own answer to this question and my answer can be different from the other answers you may find over the Internet. The best time to trade a currency pair is when it forms a strong and sharp signal. That is it. This question is mainly asked by the day traders who trade using small time frames like 5min or 15min. They want to have a trading session every day and they do not like to have any open position during the night. Whether I agree with this idea or not, I will not focus on it here because this article is about the currency pairs. There are three main sessions: London session, New York session and Asian session. London session is from 8am to 4am GMT. New York session is from 8am to 4pm EST and Asian session is from 7pm to 3am EST. Currency market has the highest volatility when both of the London and New York markets are open which is about 8am to 1pm EST. Then at 4pm EST that they close the New York stock market, the markets become slow.

But after a few hours, Japan and then Australia start working and so markets become volatile again. Back to the question that “what is the best time to trade currency pairs?”, I have to say that when markets become active and volatile, all of the currency pairs move, not just some special currency pairs. It doesn’t matter what session it is. So basically this question is not a correct question. You can trade any currency pair when market is moving and there is a strong trade setup. What Are the Exotic Currency Pairs? USD-SEK (Swedish krona), USD-DKK (Danish krone) and USD-NOK (Norwegian krone) are the most famous exotic currency pairs. They are called exotic because of their pip value. Their pip value is much smaller than the other currency pairs like EUR-USD. When you trade one of these pairs for the first time, you may not believe your eyes when you calculate your stop loss and take profit. A stop loss that has to be placed above the previous candlestick, has a several hundreds of pips value. But don’t scare.

Those pips are not like the ones your see in other currency pairs. I call them mini pips. They are about 110 of the value of the normal pips. Exotic currency pairs are not limited to those three. EUR-NOK, EUR-SEK, EUR-DKK and GBP-NOK, GBP-SEK and GBP-DKK are even more exotic ?? There are also many other exotic currency pairs like USD-RUB (Russian Ruble), USD-CCK (Czech Krouna), USD-HKD (Hong Kong Dollar), USD-HUF (Hungarian Forint), USD-LVL (Latvian Lats), USD-MXN (Mexican Pesos), USD-PLN (Polish Zloty), USD-ZAR (South African Rand) and… Do You Have the Currency Pairs List? Each broker supports a different number of currency pairs. However, all of them support the 4 major currency pairs and most of the other popular and known currency pairs: EUR-USD GBP-USD AUD-USD NZD-USD. USD-JPY GBP-JPY EUR-JPY CAD-JPY AUD-JPY NZD-JPY. USD-CAD EUR-CAD GBP-CAD. USD-CHF EUR-CHF GBP-CHF CAD-CHF. USD-SGD USD-DKK USD-SEK USD-NOK. What Are the Cross Currency Pairs and What Is the Currency Pairs Correlation? Almost all currency pairs are correlated to each other because they are dependent on USD, directly or indirectly. US economy and so the USD value impacts the whole world. However, some currency pairs like EUR-USD and USD-CHF are so correlated to each other and one of them goes up, the other one goes down, and visa versa. You can learn about currency pairs correlation in more details here. Trading through the Banks.

You will trade the currency pairs only when you trade through the retail brokers platforms. However, there is no currency pair when you trade through a bank account and you have to buy and sell each currency against the other one through exchanging them. You learn more about trading the currencies through a bank account by following the below articles: Trading Through a Bank Account. Just before you go, did you check This System? Make sure to do it now, otherwise you will regret. Read related articles: + Click Here to learn who we are and why this site was created. + Click Here to receive our eBook for free. What is a 'Currency Pair' A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first listed currency of a currency pair is called the base currency, and the second currency is called the quote currency. Dual Currency Service. Electronic Currency Trading. BREAKING DOWN 'Currency Pair' Currency pairs compare the value of one currency to another — the base currency (or the first one) versus the second, or the quote currency.

It indicates how much of the quote currency is needed to purchase one unit of the base currency. Currencies are identified by an ISO currency code, or their three-letter alphabetic code they are associated with on the international market. So, for the U. S. dollar, the ISO code would be USD. The Basics of Currency Pairs. Trading of currency pairs are conducted in the foreign exchange market, also known as the forex market. It is the largest and most liquid market in the financial world. This market allows for the buying, selling, exchanging and speculation of currencies, but also allows for the conversion of currencies for international trade and investment. The forex market is open 24 hours a day, five days a week (except holidays), and sees a huge amount of trading volume. All forex trades involve the simultaneous purchase of one currency and sale of another, but the currency pair itself can be thought of as a single unit — an instrument that is bought or sold. If you buy a currency pair, you buy the base currency and implicitly sell the quoted currency. The bid (buy price) represents how much of the quote currency you need to get one unit of the base currency. Conversely, when you sell the currency pair, you sell the base currency and receive the quote currency. The ask (sell price) for the currency pair represents how much you will get in the quote currency for selling one unit of base currency.

Unlike the stock or commodity market, you trade currencies, which means you're selling one currency to buy another. For stocks and commodities, you're using cash to buy an ounce of gold or one share of Apple stock. How Currency Pairs Work in Forex. Forex Trading is weird… You can’t just buy or sell a currency, you have to trade them in pairs against each other. So, how do you make sense of this? If you want to sell (or “short”) the USD, you have to match it up with another currency in order to make a transaction… You can’t just sell the USD. You must ALWAYS trade two currencies at one time in a “pair”. The Foreign Exchange Market works through currency pairs, so that’s the only way we can trade it. And when you think about it, it only makes sense that way; it would be impossible to make a transaction any other way. Think about it: If I were to go to the currency exchange at my local bank and buy some Euros with my United States Dollars, I’m still using a “Pair of Currencies.” I am buying Euros in exchange for my own currency. Or in other words, I am selling my own money to buy Euros .

It works the exact same way in the Forex Market. Now, the tricky thing about Forex can be understanding the order that the pairs are listed in.. For instance, there are a host of pairs that the USD is the second currency listed (for example: EURUSD, GBPUSD, AUDUSD), but there are also many pairs that the USD is the first currency listed (for example: USDCAD, USDCHF, USDJPY). So how do we make sense of this? Understanding the relationship is actually very simple once you get the hang of it. Remember, you are ALWAYS buying one currency and selling another when you make a transaction or a trade in Forex. Which action (buy or sell) to which currency (first or second) can be determined by understanding how the “pair” itself works. First, a “pair” has 2 parts.: The currency listed first and the currency listed second. The Currency listed first is Called the BASE CURRENCY–In the EURUSD, the Euro is the BASE CURRENCY. The Currency listed second is Called the QUOTE CURRENCY–In the EURUSD, the U. S. Dollar is the QUOTE CURRENCY. Now, we are always Buying (going “long”) or Selling (going “short”) a currency pair. You either sell or buy the pair as a whole. When taking one of these actions, remember this: The Action you take, whether buying or selling, is done Directly to the Base Currency and Inversely to the Quote Currency. In other words, if you buy a pair, you are buying the Base (first currency listed) and selling the Quote (second currency listed), so Buying the EURUSD means that you are buying Euros and Selling U. S. Dollars–this is the same thing as going to the Exchange and “selling” U. S. Dollars for Euros because you are buying Euros against U. S. Dollars.

You can also read the best strategy on how to use currency strength for trading success. Here is a Graphic to help explain how currency pairs work: Understanding which currency you are buying and which you are selling is as simple as understanding the fundamentals of how a “Pair” works. Remember these few things, and you should have no problem determining how to use Currency Pairs: 1. A pair is listed using two different currencies in a given order 2. The first currency listed is the “Base” Currency 3. The second currency listed is the “Quote” Currency 4. Whatever action you take on the pair Directly affects the Base Currency and Inversely effects the Quote currency 5. You are always buying one currency AND selling one currency when you make a trade. Thanks for reading! Be sure to “Like” my article on Facebook if you did, in fact, like it ?? Feel free to leave a comment or questions below! Also, please give this strategy a 5 star if you enjoyed it! We monitor the Forex (FX) market 24 hours a day and identify BUY and SELL trade opportunities. EUR USD usd chf gbp jpy aud usd usd cad eur jpy gbp usd usd jpy. When we identify a trade opportunity, you’ll be alerted to follow our Entry Point, Stop Loss and Take Profit Targets. Follow us on the road, at home or wherever you are. Access our Forex signal platform on your phone, tablet or computer. Receive text alerts (SMS) when it is time to trade or necessary to make adjustments to an active trade. TEST OUR SMS ALERT SYSTEM RIGHT NOW! WE SUPPORT 1000+ MOBILE CARRIERS IN 224 TERRITORIES AND COUNTRIES. Is the trend up or down? With our Trend Meters you can view daily trend indicators for all of the 8 major currency pairs. The Forex signal platform also includes real-time streaming news and a helpful economic calendar. Easily update your alert settings if you want to adjust your SMS phone number, or modify the time of day you want to receive the signals.

Subscribe to the Standard version and receive all the features mentioned above. On the other hand, if you are too busy to trade or simply prefer to have the signals automated, subscribe to the PRO version and have our signals automatically traded in your account! We keep our Forex strategies and methods. current with ongoing research and market analysis. We are available by phone, online live chat or email to discuss any questions you may have about our signals. US inquiries Call 1-800-525-1090. Please view our Contact Numbers United Kingdom: 0800-014-8954 United States: 1-800-525-1090 Australia: +61 (02) 8046 6546 Saudi Arabia: +966 08 111 055270 South Africa: +27-21-300-2834 Spain: +34-932 204 321 All International: +1-949-542-3500. It’s your life, It’s your time, you do… Whatever. We monitor the market and notify you when to trade. Follow along or have our Trade Copier do it for you. We Stand Behind Our Proven Track Record.

We were established in 1998 and have 14 Years of Forex Trading History and Performance on our Website. All Subscribers Receive. Try our signals and services with no obligation to continue. Subscriptions can be cancelled at anytime if you are not satisfied. We are available by phone, online live chat or email to discuss any questions you may have about our signals. Trading the Forex Market With Transparency Since 1998. Real-Time Forex trade signal alerts on any mobile phone in 200+ countries. Powerful cloud based forex signal software compatible with Desktop and Mobile devices. Follow our Forex signals on your own or have our signals auto traded directly to your account. Legally required risk warning - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.

The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Here’s How to Tell When a Currency Pair is Changing its Trend. Your Forecast Is Headed to Your Inbox. But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. Your demo is preloaded with ?10,000 virtual funds , which you can use to trade over 10,000 live global markets. We'll email you login details shortly. You are subscribed to Richard Krivo.

You can manage you subscriptions by following the link in the footer of each email you will receive. An error occurred submitting your form. Please try again later. One of the questions most often asked of me is how a trader knows when the trend has changed. While it is definitely an important question, the answer is also one of the most elusive. The answer is definitely not an absolute answer that is totally black or white and cast in stone for all time. Let’s take a look at the Daily chart of the AUDUSD currency pair below… The last candle on the left of this chart is dated December 15, 2011. This is when the current uptrend began. We can see on the chart that the uptrend consisted of price making higher highs and higher lows and breaking through the significant resistance level presented by the 200 SMA . Also, in the uptrend, the AUD was one of the strongest currencies and the USD was one of the weakest. When all is said and done regarding the uptrend, price reached its highest point on February 29, 2012. This move to the upside lasted around two and one-half months and was comprised of about one thousand pips.

So when did the downtrend begin? To answer that, let’s look at the range . Oftentimes, when an uptrend comes to a stop, price action will trade in a range or consolidate for a time. In effect, the uptrend “stalls” and the pair just bides its time until the market decides how it will continue to trade the pair. We can see this in the yellow rectangle on the upper left hand side of the chart. In hindsight, we can see that when price broke out of that rectangle to the downside for the first time, THAT was the official beginning of the downtrend. However, since none of us has that infallible crystal ball, no one knew that this was the end of the uptrend and the beginning of the downtrend. So as traders, what do we need to see that indicates a growing potential that a trend change is happening that is likely to continue? Let’s reverse engineer what we saw happening in the uptrend. If we look for the opposite of an uptrend we should be looking at a downtrend. If higher highs and higher lows make an uptrend, then lower highs and lower lows will make a downtrend. In looking at the right hand side of the chart we can see that this in fact is taking place.

The more this process of lower highs and lower lows continues, the greater the likelihood becomes that this downtrend will continue. We also note that as this move to the downside continues, the AUD becomes weaker and weaker and the USD becomes stronger and stronger. While at no point in this process is a trend change guaranteed, the more the move continues, the greater the chance becomes that the trend change will become a reality. Let’s look at three areas that I monitor when considering whether or not a trend change has takenis taking place… If the pair continues to make lower highs and lower lows and take out levels of prior support as it moves down, the pair is building a downtrend. The longer that process continues, the more likely it is that there will be a trend change. (How long is longer? Again, no black and white answer: Aggressive traders will call the trend change earlier and start taking short positions sooner than will a conservative trader.) 2. As price begins to move closer and closer to the 200 SMA , the closer it gets to it the more likely that we are looking at a potential trend change. (Once it trades through the 200 SMA and closes below it, that is very compelling data that the trend has changed.) 3. If the currency in the pair that had been the stronger currency has become the weaker currency in the pair and that change continues over time, that is pointing to the probability that we are looking at a trend change.

So while there is not much certainty in calling a trend change in the short term, the above three points are what I monitor to determine if a trend is continuing or losing momentum and ultimately changing its direction. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Forex Expert Advisor: Agimat EA. Forex Expert Advisor EA. Thank you Dennis for another awesome product! If you haven’t noticed by now, I’m a huge fan of Dennis. I now own all of his products and I will say this, each and everyone of them was well worth the investment. In this post I want to talk to you about the forex expert advisor (EA). The Agimat EA development was completed in April 2017. The owner made a couple more design modifications and did a 2 month demo test. The Agimat FX2017 Pro Forex EA has been running on a live account since June 27th with a steady growth: How Does The Forex Expert Advisor EA Work? The expert advisor uses the same strategy of the Agimat FX2017 Pro Trading System. It also has a very efficient hedge feature. The Agimat EA hedge protects your trading account against big losses. You can think of a hedge as getting an insurance on your open trades. The EA is placed on 1 minute chart with the pairs EURUSD and USDCHF only.

These pairs working in a very strong correlation and are the perfect base to have the Agimat EA working with a extremely high accurate performance. Worried about heavy impact news events like NFP etc.? Don’t worry, the EA will take care of it automatically. Pretty sweet huh? The system is controlled by the owner’s neural network and kicks-in (if necessary) to reduce the amount of losses you would suffer if something unexpected happens. Without a security feature like this, an EA cannot succeed in the long run and will blow your account. You definitely want to avoid that! The system also uses Maxwell’s Equation Future Prediction Indicator into account to confirm trading decisions. This is included in the scalping indicator and the harmonic scanner, and I absolutely love it! The EA wont execute buys and sells at the same time. You have to keep in mind that hedging will be activated only if a dangerous situation is identified during a running order. Instead of letting your trade running into SL, the connected neural network finds a workaround to have your losses minimized or solving the situation by producing a win. No new trades will be opened until hedges are done and the situation has been solved by the EA. This is the reason why some trades are open for few days.

The Agimat EA will grow your account slow and steady. This is the only way it will work. Slow and steady wins the race! What About New Market Conditions? The engine behind the forex Expert Advisor is the Neural Network which decides artificially and independently whenever to execute a trade, What does that mean? It means the EA does not use a mechanical code . The EA will identify if the trade should be executed immediately or better wait for the coming pullback and then go through with the trade. This is the reason why the Agimat EA produces a very small drawdown only. I’ve been totally satisfied with all of the Agimat products. If you’re looking for a way to grow your trading account with minimum risk, get the forex expert advisor today for a one time payment of $317. Your purchase includes, 1 MT4 account license demolive Agimat EA updates Support via email and Facebook Tutorial video on how to setup the EA. I promise you will not be disappointed, trust me! Still got questions about the Agimat EA? Check out the FAQ section here.



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