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Fundamental Analysis

Hi everyone,
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Thanks and happy trading.
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Forex Signal Fraud ! Forex Signal Factory. I am Finished !

So I have been searching these forex signals to invest my 4 years of saving. And found a huge page on telegram called “Forex Signal Factory”, I saw that they offer account management where they will control your account and take 50% share of the profit. But the requirement is 1:500 leverage 10000 usd account etc. So I asked them why should I share my large account with them. They said that they will only ask for my mt4 credentials. So I thought yeah right they wont be able to withdraw money only using mt4 username passwords right ? And what is in it for them if they blow up my account right ? They need to make profit with my account so that they can also profit to get the 50 50 share right ? Well thats what I thought and gave them the mt4 credentials with 10000 usd in it. Well after 6 hours I entered my mt4 app and this is what exactly I saw. -2400 -2600 -1800 and so on. I had a mini heart attack and didnt know what was going on. I didnt know what to do, my finger were shaking and I was feeling numb (still now). I changed my password right away and contacted them what was going on. They told that it was my fault for closing the trades…. I was like WHAT? I didnt even know what was going on until I saw this. They were already closed with around 9400usd loss. Then they didnt reply and gone just like that. All I am saying is that yes I did a huge mistake. I dont know what to do. I am in a Lot of Pain right now and I dont want you to go through the same fate. I dont know how but they have these huge followers and posts since 2019 about gains but please dont let your eyes decieve you. They destroyed me, I dont know what these devils got from it but I am warning you please dont trust them or follow them. If you want to earn money from forex then do it on your own way, just learn strategies from the tutors but giving account for management is the last thing u should do. Please dont do the same mistake I did. And please share this to raise awareness and so that everyone knows about this. 🙏
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Forex Trading Strategies Reddit: What you need to know to start Forex trading.

Forex Trading Strategies Reddit: What you need to know to start Forex trading.

FOREX Strategies

What are FOREX Strategies?
https://preview.redd.it/ihmphstzguv51.jpg?width=960&format=pjpg&auto=webp&s=81f6b73c367d8695605514f8d32aaf3e2aeabc6e
You may have noticed that most of people confuse the terminology and refer to FOREX Strategies in the wrong way. There are methodologies, systems, strategies, and techniques. The most effective methodology is Price Language (Trend Tracking). Combined with a correct reading of mass psychology presented by the charts.
We know that in the Stock Markets there are thousands of strategies. FOREX, like the rest of the markets, presents you with the opportunity to apply similar strategies to win consistently. Taking advantage of repetitive psychological patterns.
First, the Price Language methodology has created great fortunes in FOREX, and the next fortune may be yours. But this methodology must be implemented within a framework of advanced concepts of Markets. Without forgetting the basics. And working hard day by day.
Second, a strategy is a set of parameters and techniques that together give you the advantage to act in any situation. Thus for example in war, generals have attack strategies and counterattack strategies.
FOREX strategies alike are entry strategies and exit strategies. All beginners should know these FOREX strategies for beginners. That way you will get a general idea of ​​the game and understand that trading is a war against the Market and its Specialists. Only applying FOREX strategies revealed by the same Specialists and using their own techniques,
... you can survive in this war.
Do not fall into the trap of the many "systems" and "methods" that are offered on the internet about operating in the FOREX Market. They just don't work in the long run. They are strategies based on indicators for the most part. Using rigid parameters. That if they can work and give profitability during a certain period of time, they will always reach a breaking point when the market changes its dynamics.
Instead, take advantage of your precious time and learn the Language of Price or Price Action.
The Language methodology will allow you to adapt to each new phase of the Market. If you combine this knowledge with the appropriate psychological concepts, you can live comfortably from speculation in FOREX.

Forex Trading Strategies Reddit - Basic FOREX Strategies

You have two basic FOREX strategies, one entry, and one exit. Both follow a general strategy that helps you capitalize on the collective behaviors of the Market. That is, of the total of participating speculators.
This behavior causes the formation of cycles that repeat over and over again. Driven by the basic emotions (uncertainty, greed, and panic) of the speculators involved that can be taken advantage of with the aforementioned FOREX strategies. Specialists identify these emotions in the order flow and capitalize on these events every hour, every day, and every month.
Basic FOREX Strategies - The Price Cycle
These repetitive cycles consist of 4 phases:
  1. Accumulation
  2. Upward trend
  3. Distribution
  4. Downward trend
https://preview.redd.it/6dvk2w0pduv51.png?width=300&format=png&auto=webp&s=a3ab65ca4eab6d20174b3327b862d8b59dcc13b7
The two trends can be easily identified by their notorious breakdown. And the two areas of uncertainty (accumulation and distribution), due to their notorious range trajectories.
This general behavior determines the core of our FOREX strategies.
You buy when the price of a pair has broken and has come out of one of its congestion formations (accumulation or distribution). You implement one of the Forex strategies, in this case, the entry one.
The multi-time technique will help you find the point of least risk when entering your initial buy or sell order. In the same way and using the same strategy but this time to close your position, the multiple timing technique will also show you how to close your operation obtaining the highest possible profit.
The most consistent way to extract profits in the market is by trading the start of trends within a cycle . Once confirmed by their respective breaks from the areas of uncertainty. This is the mother of all FOREX strategies . And in a market that operates 24 hours, we have more frequent cycles and therefore more opportunities.

Forex Trading Strategies Reddit - Advanced Forex Strategies

There are many advanced FOREX strategies that are generally used by professional speculators working for large financial firms.
Among these firms are banks, Investment Fund managers and Hedge Fund managers. The latter is an investment modality similar to Investment Funds, with the difference that Hedge Funds use more complex investment strategies. Its operations are more oriented to aggressive speculations in the short and medium-term.
Among the most common strategies is hedging (hedging), carry trade, automated systems based on quantum mathematics. And a large number of combinations between the different option strategies.

The Carry Trade

The central idea of ​​Carry Trade is to buy a pair in which the base currency has a considerably higher interest rate than the quoted currency. To earn the difference in rates regardless of whether the price of the pair rises or falls.
Suppose we buy a $ 100,000 lot of AUDJPY, which according to the rates on the chart would turn out to be the ideal instrument in this example to use the Forex carry trade strategy.
As our capital is in US dollars we have to assume for our example, the following quotes necessary to perform the place calculations:
AUD / JPY = 80.00 USD / JPY = 85.00
What happens internally in your broker is this.
  1. By placing as collateral $ 1,000 of your $ 50,000 of capital (assumed for this example), deposited in your account, you have access to $ 100,000 virtual (this is what is known as leverage); that is, you put in $ 1,000 and your broker lends you 99,000.
  2. With those $ 100,000 virtual dollars, your broker borrows on your behalf ¥ 8,500,000 Japanese yen (85 × 100,000) at 0.1% annual interest from a Japanese bank.
  3. With those ¥ 8,500,000 Japanese yen, your broker buys A $ 106,250 Australian dollars (8,500,000 / 80) and deposits it in an Australian bank where it receives 4.5% annual interest on your behalf.
  4. One year later (and regardless of the profit or loss generated by the pair's movement), your profit will be the difference between the AUD rate and the JPY rate, that is:
Profit = (AUD rate) - (JPY rate) - (costs of the 2 currency exchanges) Profit = (4.5%) - (0.1%) - (0.1% to 1%)
The great advantage of carry trade FOREX strategies is that this percentage profit is applied to the $ 100,000 of the standard lot; the broker transfers all of the profit to you, even if you only contributed $ 1,000. On the other hand, if you carry out the inverse of this operation, this benefit of the Forex carry trade becomes a cost (swap), and you assume it completely.
Remember that FOREX carry trade strategies are recommended for pairs with considerable interest rate differences, such as the one we have just seen in our example.
These FOREX strategies should also not be used in isolation. The idea is that through technical analysis you identify when would be the ideal time to enter the market using your carry trade Forex strategy and multiply your profits considerably.

What FOREX Strategies Do Hedge Funds Use?

The FOREX strategies used by large fund managers do not constitute an advantage in terms of percentage results for them, nor do they constitute a competitive disadvantage for you.
The vast majority of them fail because of their big egos. In fact, there was a firm made up of great financial geniuses, including 2 winners of the Nobel Prize in Economics, who developed a strategy based on quantum mathematical calculations.
With an initial base capital of about 3 billion dollars, and after 3 successful years obtaining annual returns of over 40%, the firm Long-Term Capital Management, begins its fourth year with losses. To counteract these losses the geniuses decide to multiply the initial capital several times, while the losses continued.
The year closed with the bankruptcy of the fund, and with a total accumulated loss of 1 trillion dollars, due to the great leverage used. And all for not admitting that the FOREX Strategies of Long Term Capital Management were not in line with the dynamics of the Market.
There are an overwhelming number of opportunities in the stock markets to make money interpreting the Language of Price.
You don't need to use complex "advanced" strategies that have been created to handle hundreds or billions of dollars.
The reasons for using these FOREX strategies are very different from what a "retail trader" pursues with his small speculation business.
As you can see, you should not worry about wanting to integrate any of these advanced strategies into your arsenal. They are only beneficial for managing hundreds or billions of dollars, where the return parameters are very different when you handle small amounts of capital.
Do not worry about collecting hundreds of free FOREX strategies that circulate on the internet, that great accumulation of mediocre information will only serve to confuse you and waste your valuable time.
Spend that time learning Price Action,
… And you will always be one step behind the Specialists, identifying each new Market condition, and anticipating the vast majority of reversals of all prices.
Ironically, the most successful fund managers indicate that their most profitable trades are those based on the basic trend-following strategies of the Price Language. The same ones that you will learn in this Free Course.
Dedicate yourself to perfecting them and believe me you won't need anything else. As long as you have good risk management, taking into consideration the following points ...

Styles of Investments in FOREX

The Investment FOREX long term is not recommended for small investors like you and me. If we take into account the term investing literally as large investors do who buy a financial product today to sell it years later.
We both have a better niche in the short and medium-term.
You may have noticed that the big multi-year trends in the Forex Market do exist. But minor swings within a big trend are usually very wide.
These minor movements allow us to easily double and triple the annual return of the big general trend, motivating most traders to speculate in the short and medium-term.
These minor oscillations or trends that occur within the large multi-year trends owe their occurrence mainly to two reasons.
First, the FOREX Market presents 3 sessions a day each in different cities of the world with different time zones (Asia, Europe, and America). This causes more frequent trend changes than in the rest of the stock markets.
Second, the purpose for which it was created also plays a role. The modern Foreign Exchange Market, since its inception in 1972, was conceived by the global financial system as a tool for speculation. To obtain benefits in the short and medium-term (from several days to 1 year).
These two points are basically the reasons why we observe the immense speed with which the FOREX market changes trends.
For example, for those who live in America, in the early morning (Europe) the EURUSD pair may be on the rise, in the morning or afternoon (America) it may be down, and then finally at night (Asia) it may return to the rise.

Define your Own Style for your FOREX Investments

One of the first decisions you will have to make is to choose your style as a trader or investor.
There are 4 types of well-defined styles.
Most professional traders tend to have multiple styles, although they always identify with one primary style for their FOREX investments. Study the characteristics of the 4 main styles to make your investments in FOREX :
1. Long Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per month to their investments in Forex. The period of an open position ranges from 1 year to 5 years.
2. Medium Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per week to their investments in Forex. The period of an open position ranges from 1 month to 1 year.
3. Short Term: recommended for anyone who is going to enter the market for the first time, or who already has a certain time operating in the long and medium-term, showing constant profits, and who can dedicate a minimum of one hour per day to your investments in FOREX. The period of an open position ranges from 1 day to 1 month.
4. Intraday : recommended only for people with a fairly solid earnings record in the short term, and with a capital greater than $ 50,000. As we have noted, this option constitutes a full-time job.
People who start investing in FOREX , should start executing short-term (weeks) and medium-term (months) transactions only, and not pay attention to intraday oscillations (day trading).
If you are interested in being an intraday speculator, I recommend that you first exhaust at least a year doing operations in the short and medium-term to assimilate the correct strategies and to develop the necessary mentality to carry out this work.
The second option would be to participate in some kind of intensive training.
I remind you that self-educating is almost impossible in speculation. You are likely to accumulate a lot of knowledge by reading books and attending courses. But you will probably never learn to make money with all the incomplete "systems" circulating on the internet.

Mistakes to Avoid When Looking for Your Style

Many people who are new to FOREX investments make the mistake of combining these styles, which is a key to failure.
I recommend that if you are not getting the results you expected by adopting one of these styles, do not try to change it. The problem sure is not in the style, but in your strategies or in your psychology.
A successful investor is able to make a profit in any longer trading time than he is used to. I explain. If you are already a profitable operator in the short term, it is very likely that you will also be profitable in the medium and long term,
… As long as you can interpret the Language of Price or Price Action.
In the opposite case, the same would not happen. If you were a medium-term trader, you would need time to adjust to the intraday. The reality is that long, medium and short term traders have very similar personalities. The intraday trader is completely different.

The Myth of the Intraday in Investments in FOREX

If you are already successful in the short, medium and long term, you will notice that the sacrifice and the hours necessary in front of the computer to operate intraday is much greater. The intraday style will be useful to increase your account if it is less than USD $ 100,000 in a very short time in exchange for 8 to 12 hours a day of hard work but ...
You must first develop the necessary skills to operate the intraday.
The ideal is to combine all the styles to get more out of the Market and carry out more effective transactions and have a diversification in your investments in FOREX.
There are intraday traders that are very successful, but the reality is that there are very few in the world that make a profit year after year. If you want to become an intraday, you just have to prepare yourself properly through intensive training.
Otherwise, I recommend that you don't even think about educating yourself to adopt the intraday style. It is not necessary to go against a probability of failure greater than 99%. Unless
... your ego is greater than your common sense.
The main reason why this style of investments in FOREX is not recommended for the vast majority of us "retail investors" (the official term "retail traders"), is the high operational cost.
The real commissions in this market range between $ 2.0 and $ 2.50 for each lot of 100,000 virtual units. This means that a complete operation (opening and closing) is approximately $ 5.00, for each standard lot traded ($ 100,000 virtual).
Another fundamental reason is the advent of robotic traders (HFT = High-Frequency Trading), which tend to manipulate the market in the shorter intraday swings. Please do not confuse HFTs with automated systems that we find daily on the internet, and that can be purchased for a few hundred dollars and often for free on FOREX forums / groups.
These HFTs to which I refer, they are effective. They cost millions of dollars and have been developed by the large Wall Street financial firms to manage their investments in FOREX.
The reality of the intraday trader is that you execute orders for large lots at the same time, to profit from the smallest movements in the market. It is an activity based on reflexes. The slightest oversight or distraction can turn into a catastrophe for your FOREX investments.
I recommend that you start investing in FOREX using slow time periods such as H4 or Daily. For some reason, all Goldman Sachs intraday FOREX investments are made with algorithms.

Finally…

To choose your style as a trader and manage your investments in FOREX, first determine what your degree of experience is, analyze the points mentioned below and the rest you will discover when you execute your first operations.
The points that will affect your decision are:
  • Capital
  • Time available each day
  • Level of Experience
  • Personality
Discovering your style is a search process. For some it will be a long way to find the right time frame that matches their personality. Don't be put off by the falls. After all, those who continue the path despite the falls are the ones who reach the destination.
And I hope you are one of those who get up over and over again. The next lesson will boost your confidence when you discover the main reason that moves currencies ...

Fundamental Analysis in Forex Trading Reddit

The fundamental analysis in Forex is used mostly by long-term investors. Players as we saw in the styles of operators, start a negotiation today, to close it years later.
I always emphasize the importance that the mass media give to this type of analysis to distract the great mass of participants.
It is all part of a great mass psychological manipulation. For centuries the ignorance of the masses has been organized before the great movements begin.
The important news are the macroeconomic reports published by the Central Banks and other government agencies destined for this work. All reports are made up. 99% of them are corrected months later.
These events are tools to justify fundamental analysis and price cleaning movements. Any silly headline does the job. With this, it is possible to absorb most of the existing liquidity, before the new trend phase is projected.

Reaction!

Except in rare situations, the result of an economic report of the fundamental analysis is generally already assimilated in the graph. In most cases, there are financial institutions that already have access to this information and are organizing and carrying out their operations in advance.
The phrase buy the rumor and sell the news is a very old adage on Wall Street. And its meaning contains what we have just explained. For the investor who can interpret the Language of Price, fundamental analysis is of little importance. Well, in general, their disclosure does not indicate that you have to take any action in your open trades , as long as your entry strategy provides you with a good support cushion.
This reality of fundamental analysis causes a lot of confusion for investors who lack in-depth knowledge of the forex market.

Macroeconomic Data

The data published in these events is irrelevant. Both for speculators and for the people in general. They are false. They lack reliability.
The price can go up or down with the same result of the data. The main ones are:
- Interest Rates - GDP (gross domestic product) - CPI (inflation) - ISM (manufacturing index) - NFP (payroll) - Double Deficits (deficit = fiscal + balance of payments)
If you are initiated, I recommend you avoid operating near these events. It is only a matter of having the time pending. Use the economic calendar for Fundamental Analysis of Forex Factory.
There is a probabilistic advantage in operating these fundamental analysis events. But it takes preparation, experience, and practice. They represent a way of diversifying in the general operation of a speculator.

The Uncertainty of Fundamental Analysis

On many occasions after the disclosure of an economic report, the price movement of the currency pair that is going to be affected tends to move in the opposite direction to the logic of the report.
I show you an example of a fundamental analysis report. Imagine that the EUR / USD pair is trading at 1.2500, and the FED (US Federal Reserve) issues a statement announcing that it has just raised inter-bank interest rates from 0.25 points to 0.75 points. Very positive news for the US dollar that logically implies an appreciation of the currency and consequently an instantaneous collapse of the EUR / USD pair (up the dollar and down the euro)
However, minutes after the release of said fundamental analysis report, the pair after effectively collapsing to 1.2400, returns and returns to its levels prior to the report (1.2500). This situation is very common , but it is not so easy to identify it when it is occurring, but after the damage is done.
Traps like these devour the accounts of beginners who approach the market with little experience, with weak strategies, and especially with very little experience.
That is why I reiterate that you forget the fundamental analysis for now. Just keep in mind when operating, that there is no publication scheduled nearby. Just check the economic calendar for the day and forget about the numbers. Let the economists mess around with the data.

FOREX Market Correlation

The Forex market correlation exists between pairs with similar "base" currencies and not always under the same circumstances. The correlation in the Forex market that is most followed and that has the greatest impact on fundamental analysis is that of the US dollar (USD).
The USD is the most traded monetary unit with a volume greater than 80% with respect to the rest of the currencies. This fact determines why their correlation is the most important, the most followed, and perhaps the only one worth following in the fundamental macro analysis.
The 7 major pairs are usually in sync . These 7 pairs all include the USD and present a fundamental analysis correlation almost 75% of the time. Influencing the rest of the currency pairs.

Advantages of the FOREX Market Correlation

In the fundamental analysis the most basic FOREX correlation is the following. When the USD appreciates, the USD / CAD, USD / CHF, and USD / JPY pairs tend to go up in price. This indicates that the Canadian dollar (CAD), the Swiss franc (CHF), and the Japanese yen (JPY) are losing value against the USD.
We must bear in mind that this correlation does not occur 100% of the time. In fact, the JPY generally tends to move in the opposite direction , since in recent decades this currency has been used as a source of financing to invest in other financial instruments.
On the other side is the FOREX market correlation that generates a movement almost in unison in the other 4 major pairs EUR / USD, GBP / USD, AUD / USD, and NZD / USD. These tend to fall in price, homologous the appreciation of the USD. But not always.
In this case the fundamental analysis correlation works most of the time, between 65 and 85% of the time. Small differences are noted in the extent that each of these pairs experiences.
There is also a correlation in the secondary FOREX market, where the pairs of all currencies that do not include the USD participate, but I recommend you not to waste time on them for now. There are more important things about the Language of Price to know first.

FOREX Commodity Correlation

In this part I will explain to you in a basic way the Correlation Commodities - FOREX of the fundamental analysis.
There are three currencies that have a direct correlation with commodities. They are usually called: "COMDOLLS" which is short for "Commodities Dollars" (Commodities Dollars), since all three obey the dollar denomination. These are:
- The New Zealand Dollar (NZD) - The Australian Dollar (AUD) - The Canadian Dollar (CAD)
These three currencies make up the group of the 8 largest together with the euro, the pound, the yen, the franc and the US dollar. Together, they merge to produce the major pairs traded in the FOREX Foreign Exchange Market.
The FOREX Commodity Correlation has an affinity in most cases greater than 75%. And each of them has its different raw material of correlation. You will notice that the NZD and the AUD are two currencies that act practically in unison. Both present minimal discrepancies in their fluctuations in the short, medium and long term.
This is mainly because their economies are very similar and their economic and fiscal policies are too. Their main production items also show great similarities, despite the fact that the Australian economy is much larger than the New Zealand economy.
The raw materials that follow the movement of the AUD are mainly gold and copper. If you put the history of these three quotes during the last decade of the year 2,000 together on the same chart, you will notice a very similar upward movement between the three quotes. Pure correlation of fundamental analysis.
This strong correlation with commodities in the metals area for the AUD has provided Australia with an economic advantage enviable over the other major powers that have seen their currencies devalue sharply against the AUD. At the same time, they experience a constant decrease in the purchasing power of their citizens.
The NZD maintains a correlation with raw materials related to agriculture and livestock, mainly including milk and its derivatives. It is one of the countries that dominates the world export of these economic items, and also has important exports of metals , although in smaller quantities than Australia.
Finally, you have a correlation with raw materials in the energy area. For historical reasons the CAD, which is not the largest oil producer in the world, but an important supplier to the largest consumer that is the US, has seen its currency oscillate in line with oil prices.
To make long-term investments in the Foreign Exchange Market, it is necessary to take into consideration at least one Commodity Correlation - FOREX in your fundamental analysis.

Forex Technical Analysis Reddit

The technical analysis is the methodology that interprets the movements of the price. Specialists look for liquidity to fund their business. The repetition of the strategies used by the specialists in their work generate repetitive patterns.
If you were an analyst, you would develop the visual ability to identify such patterns on a graph. If you were a programmer you would quantify them mathematically using complex formulas.
And if you could learn to interpret the Language of Price, you would have the ability to anticipate 90% of all movements that occur on a chart. And in this business, anticipating is what will make you money.
Market prices are reflected and framed on a horizontal time axis and a vertical price axis. Prices go up or down according to the aggressiveness of the participating operators. In an efficient or balanced market these oscillations should be imperceptible.
But in reality this is not the case, since the Market works thanks to the digital printing of hundreds of billions of units of paper money systematically distributed by the Central Banks through the banking system. These resources serve as a tool to manipulate 100% of the movements that occur in the FOREX Market.
Are you looking for Technical Indicators? All technical indicators were created from the 70's. How do you think that for more than 200 years the speculators of the past accumulated great wealth?
With the Language of Price. The best timing is given by the price itself. Indicator-generated entry signals usually occur at the wrong time.
The basis of technical analysis is human psychology. Unfortunately, human beings are not perfect and are loaded with emotions that dominate their behavior in similar situations, creating repetitive and highly predictable behavior when it occurs in masses.
The study of technical analysis through indicators and subjective training, originates and shapes the collective thinking on which all the traps that specialists execute every day to maintain their business are designed. If the majority won, the Market would cease to exist.
Although you already know that the patterns are not generated by the masses , but the repetitive behavior of the Specialists in the face of the action response of the masses. It is very easy for speculaists, because they can see everyone's orders in their books.
And they also exert a great influence on the decisions of the masses through the mass media. It is what I call the war between the Egg and the Stone , if you hit me you win and if I hit you also you win.

The Deception of Modern Technical Analysis

Through the centuries thousands of people have been able to extract great benefits from the financial markets by applying the basic strategies of technical analysis and the psychology of the Price Language.
More than 200 years ago when the markets began to operate officially, fundamental analysis predominated, which was only used by large financial institutions. As this analysis tool began to become popular, these institutions began to apply the strategies of technical analysis.
In recent decades and with the massification of internet technology, technical analysis has begun to be handled by anyone who has a computer with internet access. The same financial institutions, which have been present for more than a century and as a result of this overcrowding , establish a strategy to confuse and misinform about the true strategies of technical analysis.
This has been accomplished in the following manner. Currently there are hundreds, if not thousands of technical indicators that have been developed by so-called "gurus" of technical analysis and that sell their magic indicators packed in a "system" or "method" that usually cost thousands of dollars, or simply with the publication of a book with which they generate large profits. Double benefit.
The aim is to confuse the initiates in speculation and create the collective mentality that will originate the same behaviors over and over again. About 95% of these new entrants completely lose all the capital they invest in their early stages as investors.
Leaving them with a negative experience and creating the idea and the image that financial markets are an exclusive area for geniuses with high academic levels and that only they can produce returns in the markets year after year.
The initiate, having lost all his original capital, turns to these “gurus” for help and teachings. You spend more capital on the products they offer you and the cycle repeats itself . Obviously, the vast majority do not relapse and completely forget to re-engage in the stock markets.
I hope you have not been a victim of this drama.
Now I will show you the simplicity of a FOREX technical analysis , without the need to resort to any indicator as a tool to determine an effective entry or exit strategy when planning your operations.

The Price Cycle

Previously you studied in the FOREX strategies lesson, that the typical price cycle when it is reflected in a graph, presents four very specific phases and very easy to identify if you perform a technical analysis with common sense . These are:
  • Accumulation
  • Bullish trend
  • Distribution
  • Bearish trend
Remember also that the most effective way to constantly extract profits in the markets is by taking advantage of phases 2 and 4 (the trends). Combined with a correct reading of the collective behavior of the masses of speculators interpreting the Language of Price.
You will be surprised by the simplicity with which thousands of people around the world and over the centuries have accumulated large sums of money by drawing a few simple lines and applying responsible risk management with their capital.

How to Identify Trends?

Being able to determine the trend phases within the price cycle is the essence of technical analysis since it is these two phases that provide you with the probabilistic advantage you need to operate in the markets and obtain constant returns.
In the most plain and simple language, in the world of technical analysis, there are only two types of formations: trends and ranges.
The trends, in turn, can be bullish if they go up, or bearish if they go down. The ranges, on the other hand, can be accumulation if they are at the beginning of the cycle, or distribution if they are in the high part of the cycle. As I had indicated in the topic of FOREX strategies when describing the price cycle.
This sounds more like a play on words, but I will show you the practical definition to simplify your life and then you will apply these definitions on the graph so that everything makes more sense to you.
  • Bullish trend: a succession of major highs and major lows
  • Bearish trend: a succession of minor highs and minor lows
  • Floor Range: equal highs and varied lows
  • Ceiling Range: equal minimums and varied maximums
https://preview.redd.it/vvmsshf0guv51.png?width=600&format=png&auto=webp&s=c321679a7dcc03f7184778be86379ef442fddf91
Some key points from the graph:
  • The start of this big uptrend was detected when the last high (thick green line) of the previous downtrend was broken to the upside, ending the succession of lower highs, while exiting the lateral floor formation.
  • The succession of major lows in the uptrend (thin blue lines)
  • The succession of major highs in the uptrend (thin green lines)
  • The end of the uptrend was detected when the last low (thick blue line) of the uptrend was broken to the downside, ending the succession of higher lows, while exiting the lateral ceiling formation.
A tool that will help you sharpen your technical eye and identify trends on the chart is the Currency Scanner. This application is very effective and will provide you with a much-needed boost in your operations to identify reliable trends. At first, we are not sure how reliable a trend is. You will receive great help to find opportunities with the Currency Scanner .

The Common Sense, The Less Common of Senses

The central idea of ​​technical analysis consists in determining the price situation of a market, that is, in which phase of the pattern of its cycle it is currently conjugated with the collective thinking of the masses and the possible traps that the market would have prepared to remove. the capital at stake by the public.
To carry out a precise technical analysis, you will use the support and resistance lines, which can be static (horizontal) or dynamic (projecting an angle with respect to the horizontal axis).
Your common sense prevails here.
If you show a 10-year-old a chart, they will be able to tell you if the price is going up or down. You will most likely have no idea how to draw the lines, but you will be able to establish the general trend. Simply using your common sense.
By introducing indicators and other gadgets , the simplicity and effectiveness of the technical analysis created by your common sense evaporates.
The following graph conceptually shows you all the possible situations in which you could draw these lines to carry out your technical analysis of the place. You can clearly observe a downtrend delimited by its dynamic trend line and an uptrend on the right side with its respective dynamic delimitation.
https://preview.redd.it/5iehg0r6guv51.png?width=500&format=png&auto=webp&s=84c265a5d35da7ea970792c4bf40fe20b33bd8bd

Forex Charts Analysis

I want to remind you that the formations or patterns that develop on the charts (triangles, wedges, pennants, boxes, etc.) only work to execute trades that have initially been confirmed by the static support and resistance lines and to read the collective thinking of the masses.
Chart formations work, but you must know the Language of Price to determine when the Specialists will exploit a chartist figure, or when they will allow it to run. In fact, you will learn with the Language that you can operate a chart figure in any direction.
Much of the "mentalization" that the masses receive is to believe that the figures are made to be respected. Which is an inefficient way of working. Simply because you could wait days or months for a perfect chart figure to occur in order to perform a reliable trade. When in fact there are dozens every day.

Japanese Candles

Of all the tools you have to carry out technical analysis, perhaps the best known and most popular is the Japanese technique of candles (candlesticks).
Candles are mainly used to identify reversal points on the chart without resorting to confirmation of horizontal trend lines and only using a previous bar or candle breaks.
Its correct use is subject to a multi-time analysis (multiple temporalities) and a general evaluation of the context proposed by the market in general at the time of each scenario.
Later I will show you all the important details to take into account so that you use Japanese candles in a simple and very effective way.
Do not forget ... Trading in your beginnings based on formations (chartism) and candlestick patterns conjugated with hundreds of tools and technical indicators, constitutes the perfect path to your failure. Before using any strategy or technique I recommend you focus on learning the Price Language, which includes 3 basic things:
  • The Price: structure and dynamics
  • Market sentiment: relative strength, external shocks, etc.
  • Psychology: flexible mindset and risk acceptance
After you acquire this solid foundation, I guarantee that you will be able to trade any trading system that exists, any strategy, technique or chart figure in a profitable and consistent manner.
Specialists make money every day at the expense of the collective behavior caused by the use of these strategies and techniques. With which you will only manage to lose your capital and your time by putting the cart in front of the horse.
People who do the opposite, at best become,
... Philosophers of Speculation, or indocile Robot Assistants or Expert Advisors.
To make money in any market condition, range or trend, you must use the technical analysis based on the Price Language and combine it with a correct psychological reading of the price. This knowledge can only be acquired through proper education and lots of supervised practice. Like any other career in life.
I hope you've found this guide helpful!
submitted by kayakero to makemoneyforexreddit [link] [comments]

How much money would it cost to setup high-frequency trading?

I worked with many HFT startups and I have a pretty good idea of the initial costs that such trading shops have.
Data: High-frequency strategies are data-intensive, so you need to get the best data providers at the tick level (level 3). That’s expensive. Depending on the market you are in (forex, futures, bonds, etc) the cost could vary. FX is even more complex, because of its highly fragmented nature, so they will need to have a broad view of all of them. Each provider cost could start from $5k per month each, up to $50k per month
Servers: You will need power. A decent server (please don’t use the cloud), could cost you 20k at least. It needs to have 32-cores at least. You can rent a dedicated server, and its cost could start from $2k per month
Collocation: That powerful server must be placed inside a collocated environment. The idea is to reduce the latency as much as you can, so being close to the exchanges/venues is the best choice. These data centers will charge you for your server space and for the connectivity you use (cross-connection). This varies considerably depending on the markets you are in.
Software: this would be the most expensive piece of your setup. Remember, that the software is the brain of your operation. Not only needs to get ALL the data from the exchanges/venues but normalize it, store it, manipulate it, and prepare it to be consumed by your strategies(s) that will be doing tons of different calculations based on the data they receive. And all that must be done in a fraction of milliseconds (hopefully within 10–50 microseconds)
On top of that, you must be sure, that you will have all the different modules in place: price aggregators, order management systems (OMS), execution management systems (EMS), smart order routing (SOR), liquidity manager (LM), risk management systems (RMS). and any interface you may need (to databases, storage, monitoring systems, reporting, etc)
Cost-wise, all of this will depends on what you choose. If you go with an off-the-shelf solution (not recommended, cheaper, you don’t own anything, slow), or you start your own development (time to market +1 year, very costly). The cost could vary between $300K to $1M
People: you will need human resources. This is not a one-guy operation. You will need to have software engineers, quantitative analysts, and researchers. Think about 150k /year at the low end.
Brokers/Prime Brokers: you will need to open up a brokerage account to have access to the trading venues. They will require you to have a minimum capital to trade (besides the commissions/fees they may charge). So, that adds up to your initial setup cost.
Conclusions
It’s a very lucrative business but is hard to get started. Usually, startups try to start small and grow as they see profits, but that always falls into failure. If you do that, you will fail to have all the above points I’ve listed.
Your initial investment is high, and keeping in mind that after having all these startup costs, all your infrastructure in place, and the software ready to run, your first profitable trades could start to come in after 6 to 12 months of operations.
I hope my question is not as vague as the others…
Please, let me know if I was missing something else, so we can add it to this list 😎

Ariel Silahian
http://www.sisSoftwareFactory.com/blog
submitted by silahian to quant_hft [link] [comments]

【U.S. Election 2020】Trump or Biden: Who's tougher on China?

【U.S. Election 2020】Trump or Biden: Who's tougher on China?

Photo:Internet
As the pandemic has spread around the world this year, new rhetoric about being "tough" on China has unfurled throughout the political conversation in the United States.
Trump VS. Biden: Attitudes to China
Biden and his campaign have spoken in broad strokes without offering details about exactly how far he would be willing to confront China on trade, human rights, cyber-espionage, or its growing presence in the South China Sea.
Biden also says that he would shore up U.S. alliances, which he says Trump has badly damaged, to present a united front against Beijing and that he would invest in high-tech research and education to make the U.S. economy more competitive.
Biden only mentioned China once in his speech on Aug. 20th.
In comparison, Trump mentioned China many times in his speech on Aug. 27th.
During his speech, President Donald Trump claimed that he has "very good information" that China wants Biden to win because Biden cheers for China.
In fact, Trump enjoyed good relations with China leader Xi Jinping early in his administration while the two leaders engaged in major trade talks, and later, after the coronavirus began to spread, Trump praised Xi for his handling of the crisis. Once the relationship soured, and Trump began blaming China for U.S. public health and economic woes.
"Joe Biden's agenda is made in China. My agenda is made in the USA," Trump said.

Photo: Reuters
Trump or Biden? China expects no favours either way
Decoupling
This word gets used a lot these days. President Trump and his administration talk about it in tweets and in press statements in relation to China.
Decoupling basically means undoing more than three decades' worth of U.S. business relations with China.
Everything is on the cards: from getting American factories to pull their supply chains out of the mainland, to forcing Chinese-owned companies that operate in the U.S. - like TikTok and Tencent - to swap their Chinese owners for American ones.
Make no mistake, under a Trump administration "decoupling will be accelerated", according to Solomon Yue, vice chairman and chief executive of the Republicans Overseas lobby group.
While the U.S. has had some success in forcing American companies to stop doing business with Chinese tech giants like Huawei, it is pushing Chinese firms to develop self-sufficiency in some key industries, like chip-making and artificial intelligence.
Delisting
As part of its focus on China, the Trump administration has come up with a set of recommendations for Chinese firms listed in the U.S., setting a January 2022 deadline to comply with new rules on auditing.
While a Biden administration may not necessarily push through with the exact same ban, analysts say the scrutiny and tone of these recommendations is likely to stay.
While fears of being delisted aren't high on the list of concerns for Chinese companies that are already listed in the U.S., it's enough to sway the decisions of companies that are looking to float in the future.
Take Ant Group, for example, the mammoth Chinese digital financial services group that this week filed for an IPO.
Affiliated to the Alibaba Group, which is listed in the U.S. and Hong Kong, it chose Hong Kong and Shanghai in which to sell its shares instead of the U.S.
Increasingly other Chinese companies are likely to follow suit, as tensions between the U.S. and China get worse.
Deglobalisation
China has been one of the biggest beneficiaries of globalisation over the last 30 years. It has helped hundreds of millions of Chinese afford a better quality and standard of life, the bedrock upon which President Xi Jinping's Chinese Dream is based.
But that's precisely what President Trump says needs to change: his administration argues that China has become richer while the U.S. has become poorer.
During Mr. Trump's term, deglobalisation - where borders are less open, and trade is less free - has become a trend. And it's something that Beijing knows won't change even after the election.
Regardless of whether Biden or Trump is elected president, US-China relations Relations have a great impact on financial markets. The global market is anxiously awaiting the end of this election.


https://preview.redd.it/n1bgv6csd1n51.png?width=686&format=png&auto=webp&s=5d90f790a9631a69d1e2c121d33bf5eb20fe33c2

https://preview.redd.it/tgns8zhtd1n51.png?width=686&format=png&auto=webp&s=9b3a66ae41cf1e94d6610e97d96a5dc61eb472c0
For more information please download “TOP 1 Markets” at APP store or google play.
https://play.google.com/store/apps/details?id=com.top1.trading.forex.commodity.cryptocurrency.indices
top1markets:
https://itunes.apple.com/my/app/id1461741702
top one:
https://itunes.apple.com/tw/app/id1506200136
submitted by top1markets to u/top1markets [link] [comments]

Trading economic news

The majority of this sub is focused on technical analysis. I regularly ridicule such "tea leaf readers" and advocate for trading based on fundamentals and economic news instead, so I figured I should take the time to write up something on how exactly you can trade economic news releases.
This post is long as balls so I won't be upset if you get bored and go back to your drooping dick patterns or whatever.

How economic news is released

First, it helps to know how economic news is compiled and released. Let's take Initial Jobless Claims, the number of initial claims for unemployment benefits around the United States from Sunday through Saturday. Initial in this context means the first claim for benefits made by an individual during a particular stretch of unemployment. The Initial Jobless Claims figure appears in the Department of Labor's Unemployment Insurance Weekly Claims Report, which compiles information from all of the per-state departments that report to the DOL during the week. A typical number is between 100k and 250k and it can vary quite significantly week-to-week.
The Unemployment Insurance Weekly Claims Report contains data that lags 5 days behind. For example, the Report issued on Thursday March 26th 2020 contained data about the week ending on Saturday March 21st 2020.
In the days leading up to the Report, financial companies will survey economists and run complicated mathematical models to forecast the upcoming Initial Jobless Claims figure. The results of surveyed experts is called the "consensus"; specific companies, experts, and websites will also provide their own forecasts. Different companies will release different consensuses. Usually they are pretty close (within 2-3k), but for last week's record-high Initial Jobless Claims the reported consensuses varied by up to 1M! In other words, there was essentially no consensus.
The Unemployment Insurance Weekly Claims Report is released each Thursday morning at exactly 8:30 AM ET. (On Thanksgiving the Report is released on Wednesday instead.) Media representatives gather at the Frances Perkins Building in Washington DC and are admitted to the "lockup" at 8:00 AM ET. In order to be admitted to the lockup you have to be a credentialed member of a media organization that has signed the DOL lockup agreement. The lockup room is small so there is a limited number of spots.
No phones are allowed. Reporters bring their laptops and connect to a local network; there is a master switch on the wall that prevents/enables Internet connectivity on this network. Once the doors are closed the Unemployment Insurance Weekly Claims Report is distributed, with a heading that announces it is "embargoed" (not to be released) prior to 8:30 AM. Reporters type up their analyses of the report, including extracting key figures like Initial Jobless Claims. They load their write-ups into their companies' software, which prepares to send it out as soon as Internet is enabled. At 8:30 AM the DOL representative in the room flips the wall switch and all of the laptops are connected to the Internet, releasing their write-ups to their companies and on to their companies' partners.
Many of those media companies have externally accessible APIs for distributing news. Media aggregators and squawk services (like RanSquawk and TradeTheNews) subscribe to all of these different APIs and then redistribute the key economic figures from the Report to their own subscribers within one second after Internet is enabled in the DOL lockup.
Some squawk services are text-based while others are audio-based. FinancialJuice.com provides a free audio squawk service; internally they have a paid subscription to a professional squawk service and they simply read out the latest headlines to their own listeners, subsidized by ads on the site. I've been using it for 4 months now and have been pretty happy. It usually lags behind the official release times by 1-2 seconds and occasionally they verbally flub the numbers or stutter and have to repeat, but you can't beat the price!
Important - I’m not affiliated with FinancialJuice and I’m not advocating that you use them over any other squawk. If you use them and they misspeak a number and you lose all your money don’t blame me. If anybody has any other free alternatives please share them!

How the news affects forex markets

Institutional forex traders subscribe to these squawk services and use custom software to consume the emerging data programmatically and then automatically initiate trades based on the perceived change to the fundamentals that the figures represent.
It's important to note that every institution will have "priced in" their own forecasted figures well in advance of an actual news release. Forecasts and consensuses all come out at different times in the days leading up to a news release, so by the time the news drops everybody is really only looking for an unexpected result. You can't really know what any given institution expects the value to be, but unless someone has inside information you can pretty much assume that the market has collectively priced in the experts' consensus. When the news comes out, institutions will trade based on the difference between the actual and their forecast.
Sometimes the news reflects a real change to the fundamentals with an economic effect that will change the demand for a currency, like an interest rate decision. However, in the case of the Initial Jobless Claims figure, which is a backwards-looking metric, trading is really just self-fulfilling speculation that market participants will buy dollars when unemployment is low and sell dollars when unemployment is high. Generally speaking, news that reflects a real economic shift has a bigger effect than news that only matters to speculators.
Massive and extremely fast news-based trades happen within tenths of a second on the ECNs on which institutional traders are participants. Over the next few seconds the resulting price changes trickle down to retail traders. Some economic news, like Non Farm Payroll Employment, has an effect that can last minutes to hours as "slow money" follows behind on the trend created by the "fast money". Other news, like Initial Jobless Claims, has a short impact that trails off within a couple minutes and is subsequently dwarfed by the usual pseudorandom movements in the market.
The bigger the difference between actual and consensus, the bigger the effect on any given currency pair. Since economic news releases generally relate to a single currency, the biggest and most easily predicted effects are seen on pairs where one currency is directly effected and the other is not affected at all. Personally I trade USD/JPY because the time difference between the US and Japan ensures that no news will be coming out of Japan at the same time that economic news is being released in the US.
Before deciding to trade any particular news release you should measure the historical correlation between the release (specifically, the difference between actual and consensus) and the resulting short-term change in the currency pair. Historical data for various news releases (along with historical consensus data) is readily available. You can pay to get it exported into Excel or whatever, or you can scroll through it for free on websites like TradingEconomics.com.
Let's look at two examples: Initial Jobless Claims and Non Farm Payroll Employment (NFP). I collected historical consensuses and actuals for these releases from January 2018 through the present, measured the "surprise" difference for each, and then correlated that to short-term changes in USD/JPY at the time of release using 5 second candles.
I omitted any releases that occurred simultaneously as another major release. For example, occasionally the monthly Initial Jobless Claims comes out at the exact same time as the monthly Balance of Trade figure, which is a more significant economic indicator and can be expected to dwarf the effect of the Unemployment Insurance Weekly Claims Report.
USD/JPY correlation with Initial Jobless Claims (2018 - present)
USD/JPY correlation with Non Farm Payrolls (2018 - present)
The horizontal axes on these charts is the duration (in seconds) after the news release over which correlation was calculated. The vertical axis is the Pearson correlation coefficient: +1 means that the change in USD/JPY over that duration was perfectly linearly correlated to the "surprise" in the releases; -1 means that the change in USD/JPY was perfectly linearly correlated but in the opposite direction, and 0 means that there is no correlation at all.
For Initial Jobless Claims you can see that for the first 30 seconds USD/JPY is strongly negatively correlated with the difference between consensus and actual jobless claims. That is, fewer-than-forecast jobless claims (fewer newly unemployed people than expected) strengthens the dollar and greater-than-forecast jobless claims (more newly unemployed people than expected) weakens the dollar. Correlation then trails off and changes to a moderate/weak positive correlation. I interpret this as algorithms "buying the dip" and vice versa, but I don't know for sure. From this chart it appears that you could profit by opening a trade for 15 seconds (duration with strongest correlation) that is long USD/JPY when Initial Jobless Claims is lower than the consensus and short USD/JPY when Initial Jobless Claims is higher than expected.
The chart for Non Farm Payroll looks very different. Correlation is positive (higher-than-expected payrolls strengthen the dollar and lower-than-expected payrolls weaken the dollar) and peaks at around 45 seconds, then slowly decreases as time goes on. This implies that price changes due to NFP are quite significant relative to background noise and "stick" even as normal fluctuations pick back up.
I wanted to show an example of what the USD/JPY S5 chart looks like when an "uncontested" (no other major simultaneously news release) Initial Jobless Claims and NFP drops, but unfortunately my broker's charts only go back a week. (I can pull historical data going back years through the API but to make it into a pretty chart would be a bit of work.) If anybody can get a 5-second chart of USD/JPY at March 19, 2020, UTC 12:30 and/or at February 7, 2020, UTC 13:30 let me know and I'll add it here.

Backtesting

So without too much effort we determined that (1) USD/JPY is strongly negatively correlated with the Initial Jobless Claims figure for the first 15 seconds after the release of the Unemployment Insurance Weekly Claims Report (when no other major news is being released) and also that (2) USD/JPY is strongly positively correlated with the Non Farms Payroll figure for the first 45 seconds after the release of the Employment Situation report.
Before you can assume you can profit off the news you have to backtest and consider three important parameters.
Entry speed: How quickly can you realistically enter the trade? The correlation performed above was measured from the exact moment the news was released, but realistically if you've got your finger on the trigger and your ear to the squawk it will take a few seconds to hit "Buy" or "Sell" and confirm. If 90% of the price move happens in the first second you're SOL. For back-testing purposes I assume a 5 second delay. In practice I use custom software that opens a trade with one click, and I can reliably enter a trade within 2-3 seconds after the news drops, using the FinancialJuice free squawk.
Minimum surprise: Should you trade every release or can you do better by only trading those with a big enough "surprise" factor? Backtesting will tell you whether being more selective is better long-term or not.
Hold time: The optimal time to hold the trade is not necessarily the same as the time of maximum correlation. That's a good starting point but it's not necessarily the best number. Backtesting each possible hold time will let you find the best one.
The spread: When you're only holding a position open for 30 seconds, the spread will kill you. The correlations performed above used the midpoint price, but in reality you have to buy at the ask and sell at the bid. Brokers aren't stupid and the moment volume on the ECN jumps they will widen the spread for their retail customers. The only way to determine if the news-driven price movements reliably overcome the spread is to backtest.
Stops: Personally I don't use stops, neither take-profit nor stop-loss, since I'm automatically closing the trade after a fixed (and very short) amount of time. Additionally, brokers have a minimum stop distance; the profits from scalping the news are so slim that even the nearest stops they allow will generally not get triggered.
I backtested trading these two news releases (since 2018), using a 5 second entry delay, real historical spreads, and no stops, cycling through different "surprise" thresholds and hold times to find the combination that returns the highest net profit. It's important to maximize net profit, not expected value per trade, so you don't over-optimize and reduce the total number of trades taken to one single profitable trade. If you want to get fancy you can set up a custom metric that combines number of trades, expected value, and drawdown into a single score to be maximized.
For the Initial Jobless Claims figure I found that the best combination is to hold trades open for 25 seconds (that is, open at 5 seconds elapsed and hold until 30 seconds elapsed) and only trade when the difference between consensus and actual is 7k or higher. That leads to 30 trades taken since 2018 and an expected return of... drumroll please... -0.0093 yen per unit per trade.
Yep, that's a loss of approx. $8.63 per lot.
Disappointing right? That's the spread and that's why you have to backtest. Even though the release of the Unemployment Insurance Weekly Claims Report has a strong correlation with movement in USD/JPY, it's simply not something that a retail trader can profit from.
Let's turn to the NFP. There I found that the best combination is to hold trades open for 75 seconds (that is, open at 5 seconds elapsed and hold until 80 seconds elapsed) and trade every single NFP (no minimum "surprise" threshold). That leads to 20 trades taken since 2018 and an expected return of... drumroll please... +0.1306 yen per unit per trade.
That's a profit of approx. $121.25 per lot. Not bad for 75 seconds of work! That's a +6% ROI at 50x leverage.

Make it real

If you want to do this for realsies, you need to run these numbers for all of the major economic news releases. Markit Manufacturing PMI, Factory Orders MoM, Trade Balance, PPI MoM, Export and Import Prices, Michigan Consumer Sentiment, Retail Sales MoM, Industrial Production MoM, you get the idea. You keep a list of all of the releases you want to trade, when they are released, and the ideal hold time and "surprise" threshold. A few minutes before the prescribed release time you open up your broker's software, turn on your squawk, maybe jot a few notes about consensuses and model forecasts, and get your finger on the button. At the moment you hear the release you open the trade in the correct direction, hold it (without looking at the chart!) for the required amount of time, then close it and go on with your day.
Some benefits of trading this way: * Most major economic releases come out at either 8:30 AM ET or 10:00 AM ET, and then you're done for the day. * It's easily backtestable. You can look back at the numbers and see exactly what to expect your return to be. * It's fun! Packing your trading into 30 seconds and knowing that institutions are moving billions of dollars around as fast as they can based on the exact same news you just read is thrilling. * You can wow your friends by saying things like "The St. Louis Fed had some interesting remarks on consumer spending in the latest Beige Book." * No crayons involved.
Some downsides: * It's tricky to be fast enough without writing custom software. Some broker software is very slow and requires multiple dialog boxes before a position is opened, which won't cut it. * The profits are very slim, you're not going to impress your instagram followers to join your expensive trade copying service with your 30-second twice-weekly trades. * Any friends you might wow with your boring-ass economic talking points are themselves the most boring people in the world.
I hope you enjoyed this long as fuck post and you give trading economic news a try!
submitted by thicc_dads_club to Forex [link] [comments]

EUR/USD forecast: Poor management will kill dollar

EUUSD forecast: Poor management will kill dollar

Fundamental U.S. dollar forecast for today

EUUSD pair is being corrected, but the euro uptrend is strong

You can take all my factories, all my capital, everything I have from me. But leave me five of my best managers, and before you know it, I’ll be ahead of everyone else again. One of the richest men of the 19th century, Andrew Carnegie, was right. Success in business depends on efficient management. Forex trading is also a business. The strength of a currency is determined also by efficient management. The euro-area used to envy the USA that could afford to redistribute financial resources from strong states to weak ones. Only the pandemic has forced the EU to abandon the principle “at court everyone is for himself.” It has immediately influenced the EUUSD.
In the modern world, a bet on a currency is a bet on the control over the coronavirus. However, Congress failed to agree on the extension of the program of weekly unemployment benefits that officially expired on July 31, leaving more than 25 million people without support. In Europe, however, the rich North provides aid for the poor South. So, the management in the euro-area seems to be more effective. Financial analysts suggest that poor management could kill the US dollar.
In August, the USD index has featured the worst drop over almost two years. The bear speculative
sentiment in the derivatives market is as strong as in April 2018.

Dynamics of US dollar speculative positions

Source: Wall Street Journal.
As I suggested earlier, weak data on European GDPs triggered the EUUSD correction. However, amid the divergence in the epidemiological environment, the euro-area economy is likely to recover sooner than the US growth. Federal Reserve Bank of Minneapolis President Neel Kashkari has even suggested a fresh lockdown for 4 – 6 weeks. Allegedly, the US Congress can afford it.
The euro-area GDP in the April-May period fell by 40.3% on an annual basis, which, compared with the same period of 2019, seems to be a more dramatic drop than the US GDP drop by 32.9%. However, population support programs will continue in 2021; the worst-affected regions, including Italy, performed better than expected. The control over the coronavirus relieves fear, which is a key factor in the economic recovery trend.

Dynamics of European GDPs

Source: Bloomberg
Of course, there are many problems in the euro area. The European economy is much dependent on exports and tourism, which makes foreign demand a very important factor. Under the current conditions, it could slow down the economic recovery. Besides, the number of coronavirus cases has increased amid the end of the lockdown in some parts of the region, including Spain.
The epidemiological situation in the US is difficult, the management is poor. Besides, the US even now, when all the countries try to unite to solve a common problem, continues its attacks on China trying to please the ambitions of the White House. All these factors support the idea of the strong EUUSD uptrend. It makes sense to use the drawdowns to 1.173, 1.168, and 1.162 to enter long-term purchases.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/eurusd-forecast-poor-management-will-kill-dolla?uid=285861726&cid=79634
submitted by Maxvelgus to Finance_analytics [link] [comments]

Word of advice to the residence of this subreddit

When you come across a guru or teacher (be it on this subreddit or even on any social media website), PLEASE PLEASE PLEASE, for heavens sake, ask for some verified results before you take their word for anything.
Industry is filled with numbskulls that claim to know, but cant offer any tangible proof.
When their response is 'prove I am wrong' or 'I dont have to prove anything to you', you know you have come across a bitch with no legs to stand on.
Just a suggestion on an easy way to filter through the mountains of garbage you find available to everyone.
For anyone who doesnt know, there are third party programs you can link to your brokerage account that will track your accounts progression and spit out info like win rate, average Reward to risk, risk of ruin, drawdown (amongst several other important metrics that can be used to evaluate a traders abilities quickly). Most popular examples of these programs being MyFxbook and ForexFactory trade explorer - research them and learn to ask for them.

Stay safe guys
submitted by lolwtftho to Forex [link] [comments]

Understand The Key Differences Between Forex Trades And Online Business

If you have been ruined or your own business or factory is a wreck now you have to know about Forex Factory which comprises Forex online trades. It is your chance to complete all the problems you have got, it is your way to bring home bacon, it is your path to make up your job and deal with money, it is your aim to get what you want – luxury apartments, sport car or something you want, it is your sort of business if you are in luck. You have to know some differences between Forex online trades and other online business kinds. Today you will be provided with ones and in addition you will see why you have to set up your Forex account and why you have to know what Forex trial and real accounts are.
1) Forex online is not like other online business or just another factory, and you have to realize it since the first day you are with Forex trades. Forex is your way to deal with money – yes, this is the truth. You see there is too much gossips around Forex trades. There are many swindlers who want to learn your out and at the same time to make you stand outside. You have to be careful anytime – if you are with Forex trades or you are with other types of Trades. What is Forex and why you have to set up it?
2) Forex online as a market was build as the firm foundation of financial systems an trades. You may be know that Forex trades became popular some years ago. To get the motivation and aim why you have to deal with Forex online trades look for the data in the world wide web. You have to look for people who have gathered millions with the help of trades, you also have to look for the ones who have lost all the money they had got. Why should you? You will get good and bad experience and you will be experienced with the Forex trades – at once when you are just a beginner.
3) Do not think there are just your enemies in the Forex trades. You are able to deal with your partners, if you are easygoing – you will be able to make even friends. You have to know Forex online is full of people and communities which are able to help you, to give you a real advice in case you need it. There is much to be said for Forex trades but we can not tell you everything -from A to Z just in one article.
If you want to be sure you are in luck, if you want to gather more that your salary just now – click this link to get blogs, spots and what you want to know better about Forex trades!
If you have been ruined or your own business or factory is a wreck now you have to know about Forex Factory which comprises Forex online trades. It is your chance to complete all the problems you have got, it is your way to bring home bacon, it is your path to make up your job and deal with money, it is your aim to get what you want – luxury apartments, sport car or something you want, it is your sort of business if you are in luck. You have to know some differences between Forex online trades and other online business kinds. Today you will be provided with ones and in addition you will see why you have to set up your Forex account and why you have to know what Forex trial and real accounts are.
1) Forex online is not like other online business or just another factory, and you have to realize it since the first day you are with Forex trades. Forex is your way to deal with money – yes, this is the truth. You see there is too much gossips around Forex trades. There are many swindlers who want to learn your out and at the same time to make you stand outside. You have to be careful anytime – if you are with Forex trades or you are with other types of Trades. What is Forex and why you have to set up it?
2) Forex online as a market was build as the firm foundation of financial systems an trades. You may be know that Forex trades became peopular some years ago. To get the motivation and aim why you have to deal with Forex online trades look for the data in the world wide web. You have to look for people who have gathered millions with the help of trades, you also have to look for the ones who have lost all the money they had got. Why should you? You will get good and bad experience and you will be experienced with the Forex trades – at once when you are just a beginner.
3) Do not think there are just your enemies in the Forex trades. You are able to deal with your partners, if you are easygoing – you will be able to make even friends. You have to know Forex online is full of people and communities which are able to help you, to give you a real advice in case you need it. There is much to be said for Forex trades but we can not tell you everything -from A to Z just in one article.
If you want to be sure you are in luck, if you want to gather more that your salary just now – click this link to get blogs, spots and what you want to know better about Forex trades!
If you are looking for productive forex trader – please make sure to read the review of the activity of this profitable forex trader, before buying any.
It is obligatory to read reviews before you invest money into the activity of forex trader. This is important, don’t forget that we are living in the world where info makes life easier.
Due to this if you are properly armed with the knowledge in your topic you can be sure that you will always find the way out from any bad situation. So, please make sure to track this web site on a regular basis or – best of all – sign up to its RSS. In such an easy way you will have a direct shortcut to the latest info updates here. Blogging can be helpful, you just need to know how to use blogging for the currency exchange market.
submitted by koxabe to forex_trade [link] [comments]

Feedback on Trading System

I built a forex trading strategy recently for a friend, and wanted to share it / get some feedback on it, as most of the systems I build trade stocks and are more fundamental/macro based!
The system was inspired by this forexfactory post: https://www.forexfactory.com/showthread.php?t=343533 but I've made a few changes.
The Filter:
I didn't like the proposed TMA slope indicator as the calculation and cutoff values seemed too arbitrary to me, so I take the 5 bar ROC of an EMA and smooth it. I divide this value by its standard deviation to scale it for higher timeframe analysis. I take the value of this adjustedSlope at the 4H, 1D, 1W timeframes, and sumproduct them with weights of 40%, 30%, 30% to give a little more strength to recent movements. I call this the overallSlope (for future reference).
I describe the the market regime under these rules:
(overallSlope > overallSlope[1] and overallSlope > 0) = bullish
(overallSlope < overallSlope[1] and overallSlope < 0) = bearish
(overallSlope > overallSlope[1] and overallSlope < 0) = neutral
(overallSlope < overallSlope[1] and overallSlope > 0) = neutral
Just like the system from ForexFactory, only long trades can be taken if its bullish, only short trades can be taken if its bearish, and either trade can be taken if its neutral.
The Setup:
I believe this portion is identical to the original stated system. Take the 50 bar Triangular Moving Average on the 4H timeframe, where the UpperBand is TMA + (2.5 * H4ATR) and the LowerBand is TMA - (2.5 * H4ATR).
If the market regime is bullish/neutral and the price has traded below the Lower Band then we're setting up for a buy and vice versa with a bearish/neutral market regime and price trading above the Upper Band.
I'm considering switching this to Median Absolute Deviation Bands as I like using the modified Z Score but I'm unsure of applying it directly to a price series instead of indirectly through an indicator or factor, I assume the median isn't very effective due to the actual series drifting, where as its (more) static when applied to Earnings Yield or something.
The Trigger:
For the trigger I'm on the 1H TimeFrame using the MACD histogram crossing 0, but the MACD is based on the Jurik Moving Average instead of the standard. A couple years ago when I first started getting into programming and playing forex, the JMA was something I stumbled on and wrote up and I really like it, it's very effective and smoothing a series, allowing the use of shorter lookback values without the MA being too "jittery".
Exits:
On the losing side, at open a stop loss is placed at (2 * H4ATR) below(above) the low(high) if we're going Long(Short). I'm currently split between two exits on the profit side. Right now my current exit criteria for a hypothetical long position is a bearish MACD Histogram crossover while we are above the TMA (the "midline"). The other strategy I'm considering is half off at the midline and the other half off at the Upper Band, but I think this isn't great because it can reverse and hit the stop effectively nulling the trade.
Risk Management:
For the risk management of the system I'm using position sizes standardized to risk 3% of the account on each trade by calculating how far away the stop is, and scaling the # of units until $risk = AccVal * .03.
Additional Comments:
As of right now I only have it fully coded on TradingView and I've made sure to use open prices for everything to avoid? (not sure if this completely handles this issue, please let me know) lookahead bias and I'm in the process of translating my code into my backtesting system but a lot of what I've built is equity related so I have some work to do to get it running right for forex. In TradingView I have it plot the Entry, Stop, and two targets, and the background shifts based on if it's long/short/flat. https://imgur.com/a/A1UQi04

I look forward to any thoughts or comments y'all may have, thanks for reading!
submitted by ilovemygirlfriend69 to Forex [link] [comments]

Run Another Service Within Flask

Hello, I am having a problem with flask and quickfix. For those who don't know, quickfix is a python framework for creating FIX engines (FIX is a messaging protocol for financial services). My project started with a command line interface where I would start my quickfix app and keep a while loop asking for user input.
Now I must modify my project as a web app and decided to use flask. I set up a flask route to start the quickfix server but every time I access that API endpoint from Postman, my flask server dies, sometimes with a buffer overflow error and sometimes it does not give me any error messages.
Here is my flask code (it is very basic). The route that is causing the problem now is "/api/start_fix/" at flask_api.py:
from flask import Flask, render_template import fixapp from types import SimpleNamespace app = Flask(__name__) fix_handle = None @app.route('/') def home(): return "

This is a sample

" @app.route('/api/start_fix/',methods=['POST']) def start_fix(config_file): #these three lines below are temporary and circling each other. args = vars(fixapp.get_default_args()) args['config'] = config_file args['verbose'] = 3 args = SimpleNamespace(**args) fix_handle = fixapp.create_fix_app(args,fix_mode='manual') fix_handle.start() return "SUCCESS" @app.route('/api/start_quote/',methods=["POST"]) def start_quote(symbol): options = {'55':symbol} fix_handle.send_subscribe_to_data(options) @app.route('/api/get_ticks',methods=['GET']) def get_ticks(): return fix_handle.get_ticks() #get_ticks should return a json object @app.route('/api/get_ticks/',methods=['GET']) def get_ticks_by_size(size): return fix_handle.get_ticks(size=size) #should be json if __name__ == '__main__': app.run(debug=True)
fixapp is my implementation with quickfix and structured as a python package. I was hoping to use fix_handle to access data from within it through flask but the server crashes right at the beginning.
I will include a snippet of the function fix_handle.start() in case it is useful even though it is very short fixapp/session_object.py:
class SessionBase(object): """Base session object. It will be used to initialized most of the session object parameters""" def __init__(self,args): self.args = args self.config_file = args.config self.settings = fix.SessionSettings(self.config_file) self.decoder = FixDecoder() self.datastream = DataStream() self.orderstore = OrderStore() self.storeFactory = fix.FileStoreFactory(self.settings) self.logFactory = fix.FileLogFactory(self.settings) def start(self): """Initiate FIX app and do nothing else. This will only work if the child class has implemented the self.app and self.initiator""" try: self.initiator.start() time.sleep(1) print("FIX application has started...") #fixapp.utils.fix_started_msg() except (fix.ConfigError , fix.RuntimeError) as e: print(e) . . . 

self.initiator.start() is a function from the quickfix library and not implemented by me.
Also, to make it more clear, I want to remind that fixapp will start a process on its own and a server connection to a forex broker. This functionality used to work well from the command line but from within flask it can't work.
I looked into using threading or multi-threading libraries and was thinking of starting a new thread for each time my flask endpoint is sent a request, but it is still unclear to me how I could communicate with my quickfix process. Quickfix needs to be running in the background and those flask endpoints simply redirect to it. Quickfix will be continuously collecting FOREX data from the market.
I guess this is more about how to approach my problem by running quickfix from inside flask so that users of the web app can interact with it.
I would appreciate if someone can help me with this issue and if I wasn't clear or there is more information needed, please let me know.
submitted by esidehustle to flask [link] [comments]

Agent Comparisons

Is my agent slow / bad, or do I have unreasonable expectations?
First time going through an agent for QC purposes. I compared Basetao, CSSbuy, Superbuy and Ytaopal shipping and since they all came out to be extremely similar (difference of maybe 8¥ ) to my area, I shortlisted SB and Ytao due to reviews on here saying their customer service is the best. Went with SB since Ytaopal told me they only allow topups in USD, not directly to Yuan, hitting you with their inflated forex fee. (Only to find out later that Superbuy is the same, only allows recharge in Yuan if you have a Chinese bank account 🙄.) Now, I've run into some dissatisfaction with my agent:
  1. My agent replies once a day, rarely twice at maximum, and never at the stated working hours. She states that there might be timezone differences, but I only message during their stated working hours (or immediately after she replies me), but she's only messaging me once per day at 6-11pm Beijing time...
  2. Agent never replies with an update on status unless I message first asking for one. There's always a lot to update whenever I do ask, but I get silence if I don't. I feel like I have to be a nag to push things forward.
  3. I stated very very clearly that my main point of QC was the insole length, since I've been burnt three times before getting Chinese-made shoes with sizing 1-1.5cm bigger than actual brand sizing, which are uncomfortably unwearable. (I believe many factories are either randomly sewing size tags onto shoes or have terrible molds.) Agent acknowledged this, and initially promised to confirm with seller that the insole measurement was correct before seller ships, but shoes were shipped anyway in the wrong size without this confirmation. Warehouse quality checker said nothing about the wrong sizing. Agent said nothing about the wrong sizing. I had to pay for a close-up measurement photo and see for myself that the sizing was wrong. Throughout the process, nobody warned me that the thing I had asked them to look out for was wrong.
  4. It has been 5 weeks since I made the initial query. I had to RL the pair (due to sizing, not visual flaws). I still haven't gotten the refund for the first pair, much less re-ordered the second pair. This is not my concept of good customer service.
My thoughts:
This is not a complaint, this is an 'I am inexperienced, please share your own knowledge' query. Appreciate inputs, please!
submitted by Cymcune to FashionReps [link] [comments]

The breaking news indicator

I've red about an indicator in forex factory that gathers all the market moving news for a currency and displays it in front of you . If anyone here knows about it please give us feedback (Does it include all the news including trumps market moving comments?) . Or if you know anything similar please tell me about it. Thank you.
submitted by ahmed_efkirin to Forex [link] [comments]

Yuan, Australian dollar gain on upbeat China factory survey

This is the best tl;dr I could make, original reduced by 66%. (I'm a bot)
TOKYO - A surprise improvement in Chinese factory activity supported the yuan and Australian dollar on Monday, and provided a broader boost to global investor confidence, helping the dollar gain against the safe-haven yen.
That pushed the Australian dollar, often seen as an investment proxy for Chinese economic prospects, 0.15 percent higher to $0.7107.
The Chinese yuan also gained 0.2 percent in offshore trade to 6.711 to the dollar.
The U.S. dollar rose 0.15 percent to 110.93 yen, extending its advance from the 1-1/2-month low of 109.70 it touched a week ago.
The Mexican peso gained 0.4 percent to 19.347 to the dollar while the South African rand gained more than 1.2 percent to 14.317 per dollar.
The Turkish lira eased 0.9 percent to 5.591 per dollar after President Tayyip Erdogan's ruling AK Party was set to lose control of the capital Ankara for the first time in a local election and he appeared to concede defeat in the country's largest city, Istanbul.
Summary Source | FAQ | Feedback | Top keywords: dollar#1 percent#2 low#3 Chinese#4 trade#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

New Beginner info / FAQ section for futures

I feel like with all the cheating and drama going on with spot fx we should at the very least have a dedicated section on the right for guidance on futures contracts.
The shady Cypriot brokers and ones on other random islands are lying and selling a dream so let's take a look at the reality of spot fx...
Currency markets are the most liquid and active markets of any sector. However, there is also a great deal of misinformation, slick advertising, and even outright deception regarding this $2 Trillion Dollar a Day marketplace. For starters, a large percentage of that $2 Trillion is traded through what is referred to as the interbank market. The interbank market is the top-level foreign exchange market where banks exchange different currencies. This trading between banks is not accessible to retail traders and is estimated to account for the vast majority of the Trillion Dollar liquidity factor that attracts so many retail traders in the first place.
Here are a few of the reasons to trade futures:
-Level playing field for all participants
-Deep liquidity on major currency contracts
-Safety and security of central clearing
If your Forex brokerage firm uses a dealing desk, your buy and sell orders never actually reach the true Forex market. In other words, you do not have access to the inter-bank market. Instead you are buying and selling at prices set, and potentially manipulated by the dealing desk. This is known as conflict of interest.
The Chicago Mercantile Exchange guarantees each transaction. Futures contracts are legally binding! This means that if you go long a currency futures contract and your speculation was correct, you will walk away from the trade with your profit even if the person that took the other side of the trade fails to pay. This is what we call counterparty risk.
Take a moment, have a break and take a look at all the horror stories on forex factory, for instance.
Whether you are a large institution or an individual trader, everyone is on equal footing when it comes to pricing currency futures. EVERYBODY gets the same price regardless of who you are (individual or mega bank). Best price wins, it is as simple as that — something that is not always the case in the fragmented OTC FX market. The spreads are also very tight if you trade liquid future contracts.
Spot fx brokers also control their price feeds. They can widen the spreads as they see fit and they can really screw you over if they want to. Believe me when I say that most fx brokers don't want you to win! Even the ones that claim to have liquidity providers... Those are nothing but price feeds. Quotes. Nothing more....
And Forex firms offering a "fixed" 3-5 point spread may not be charging traders commission outright, or even in a form that shows up on an account statement, but there are significant costs built into the synthetic market that they provide to you.
No middle man, no market maker. Yes, Forex is an electronic market, but your order still ends up on a "dealing desk" where a human handles your order. Or an algorithm... Basically, a Market Maker. He could make you or break you. With E-mini Futures you have a level playing field. You trade on a centralised and CFTC regulated exchange. Whether you're Goldman Sachs or Joe from Idaho, you get equal treatment!
If you're worried about Liquidity - 1.5-3m contracts trade hands everyday on the S&P 500 E-mini Futures Contract. If you want in or out of a position, there is almost always someone waiting and willing to take the other side of your trade (24/5) just 1 tick away. This simply isn't true for all Forex Pairs.
Low Cost of Doing Business - Commissions on a self directed SP500 E-mini Trade (ES) should be no more than $3.00 per side or $6.00 per round turn. While many Forex Brokers tout "Zero Commission", we all know there's no free lunch. Forex Brokers don't need to charge a commission because they make money off of the bid/ask spread "they create" and then take the other side of your trade. Run the numbers... for every $100 in profits or loss, you will spend a larger % in "cost of doing business" in the Forex Market than you will in the S&P E-mini Market. Don't take my word for it... go take some real trades and you'll quickly see the truth.
Zero Interest - If you you trade the ES intraday, expect to put up $500 per contract as a "bond" for lack of a better term. That's it. No hidden cost. Forex however, has a "cost of carry" associated which means interest may be charged or paid on positions taken.
Fiduciary Responsibility - Even regulated US Forex firms are not required to segregate customer funds. If a regulated firm goes under, you do not have the protection of the CFTC and the NFA as you do in the Futures Markets.
Turn ON The Volume Please - In Forex, since there is no centralised exchange, it is impossible to get a true read on volume. Not so with the S&P 500 "ES" E-mini. Simply turn on the volume indicator and you have exact numbers for Volume Analysis. GS and CITI have huge research departments with hundreds of employees, but they know nothing about volume that you don't know via a free indicator on your direct access trading platform. Just one more example of the level playing field we constantly speak of.
Centralised Clearing - All trades are cleared via the CME - Chicago Mercantile Exchange. All trades, including time and sales, are public information and posted in real time.
Edit: By the way, if you're worried about discrepancies, currency futures charts look almost exactly the same as their spot fx siblings! So you can easily apply your current strategy to this market, too!
A great example would be "M6E" vs "EUUSD"
SO GUYS, LET'S ACCEPT REALITY AND LET'S DO SOMETHING ABOUT IT. DO YOU AGREE?
Source: cfrn.net
submitted by Fighterboy89 to Forex [link] [comments]

Toronto Daily - Nov 16th 2018

Welcome to the Toronto Daily Thread.

This thread serves two purposes:
1) To collect and make visible new posts in smaller Toronto based subreddits.
Feel free to visit, comment and be generally helpful in posts indexed below. Please also remember to stay on your best behaviour when travelling outside of /toronto.
2) To act as a general off-topic conversation hub for the day.
To that end, use this thread to talk about whatever is on your mind, regardless of whether or not it's related to Toronto.
No matter where you're posting, please remember to be excellent to each other.

/AskTO

Post Title Author Comments
New to Toronto, looking to get into the Persian community. Suggestions? orangejuice9090 0
Eyebrow threading in Toronto? matthews-gurl 0
Where to get eyebrows microbladed in Toronto? goldenappletrees 0
Petition for more inclusive rights for temporary migrants in Canada Petition_Migrants_CA 4
Barbershop / Hair place for Curly Men's Hair? LockTheUniverse 1
Does anyone else find the water in Toronto extremely drying to their skin? Torontowaterthrowawa 3
Need advice: unit under yoga room tried to kick me out from yoga room for exercising Laineyrose 23
When do outdoor rinks start making ice? OneEyedToad 0
TTC Ad Campaign - Worth it? Uilleam_Uallas 3
Learning to code on my own versus a bootcamp...which is better for employability? designerkitty 0
Looking for a sport podiatrist for orthotics liamt07 0
Can a Landlord and/or condo building ban me from having guests for more than 14 days? Idontpost99 11
What are some haunted places to explore in the winter? hedgehogflamingo 4
Has anyone ever been to the Yorkdale Cheesecake factory recently? 30fr3end98 5
Looking for Offers on 1080P TV in GTA?? ioorabh 6
Condo Lease ending in 30 days and I would like to live here for longer. What are my options? capnboom 8
GoPro Hero6 for the Family! AlgonMarketingStu12 4
Best hot pot downtown? HisIsTheWorld 8
Does Ontario's new rent control laws apply to newly built building or all new leases? forexInsight 10
Is winter early this year? verdigris1 24
E-tickets Displayed on Devices at the Cinesphere at Ontario Place? throwsaway9999999 1
Can you buy Lutefisk anywhere in Toronto? OyvindEH 6
Any tips or recommendations to moving to Toronto? juaniova 4
Authentic ManU soccer jerseys? du_stew 1
Where to purchase Rolser shopping trolley shuhronno 6

/TorontoJobs

Post Title Author Comments
Chiropractor kingstar11 1

/TorontoEvents

Post Title Author Comments
[1st Dec Brainfreeze Jump in freezing Lake Ontario - fundraising event for Toronto youth mental health charity Jack.org
The Deadstock Depot — Vintage Streetwear Flea Market IllGottenGainsAdmin 0
STANDUP COMEDY 9:30pm @ MÂY (876 Dundas W) le_marsh 0
[Dinner Menu Launch - Exec Chef Stuart Cameron bringing a new dinner menu to Old School Join us tonight!](https://www.reddit.com/Torontoevents/comments/9xd7yz/dinner_menu_launch_exec_chef_stuart_cameron/) yngphnx
Etobicoke Toastmasters - TONIGHT (Nov 15th) - 6:30pm - 8:45pm - FREE - Master your public speaking skills Byeka 0

/GTAMarketPlace

Post Title Author Comments
[SELLING] Google Pixel Stand (Wireless Charging Dock) $90 bogdans_eyebrow 0
[FREE] Large IKEA Corner Computer Desk APrettyOkayGuy 0
Selling Dental Hygiene textbooks in excellent condition. Paid $2500, selling for $800. Includes all txts needed for any current DH program (except the Darby). Msg got more details unikorny 0

/LostAndFoundTO

Post Title Author Comments
Switched North Face jacket possibly jayceee81 0
Lost my black leather wallet today in the bloor and royal york area. It contained my td card, student I'd, presto and health card. If found please contact me at 647-687-7475. Thank you in advance. Slav_boi21 0
HP Zbook in grey laptop sleeve phashun 0
I am a bot, and this post was generated automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
submitted by thetorontobot to toronto [link] [comments]

A post from forexfactory......??

Hello people, This is a desperate move but I am looking for a post on forex factory which is about this person tells his story, The bits and pieces that i remember from his posts are... He was importeexporter and so he kept his eye on the interest rate which helped him in forex trading. He posted his first article then upon seeing people reaction he kept on posting. He said that he has 155 lots floating and other small ones. These are the only thing I remember. The post was really good and helpful, It was posted somewhere with the comment "this is the only good post on forexfactory". I thought i bookarked it a month ago before my exam, but turns out I didnt. If it rings a bell, please let me know Thanks
submitted by armanfaraz to Forex [link] [comments]

The Chinese New Year's effect on the Markets

新年快樂!
Chinese new year is upon us. It started last month, but is officially celebrated this year from Feb 15- Feb 22. So what does that mean for the markets when the second largest economy in the world goes on a week long holiday? Check it out.
SHORT TERM
The biggest short term hit, as in this week is two fold:
LONG TERM
Long term started back in December: laborers laid off, increasing central liquidity issues, decreased exports. As well, be prepared for the move out next week - slow restart to production, loss of staff as migrant/temp workers don't return to work.
Genimex’s rough timeline for Chinese New Year 2018 also demonstrates how long the effects of the holiday can last:
A good read is here: https://www.ig.com/au/trading-opportunities/2018/01/29/how-does-chinese-new-year-affect-markets--41848
And here's something for those who like good economic science and research: https://www.researchgate.net/publication/265799068_Chinese_New_Year_Effects_on_Stock_Returns_Evidence_from_Asia-Pacific_Stock_Markets
Enjoy!
submitted by El_Huachinango to thewallstreet [link] [comments]

Trade Like the Banks

Trade Like the Banks

I’ve been paying more attention to combining the technicals with the fundamentals and near-term sentiment and it’s actually worked out quite well. I’m was finding that I wasn’t getting as many opportunities simply by using sentiment and fundamentals alone and the entries weren’t as exact as I’d like.I still apply the same trade methods as I did before but I’ve also combined thosewith trend trading and entering on pull-backs. I’m quite pleased with theway that that’s been working. I use, obviously, the fundamentals and thenear-term sentiment as a filter and it’s been working brilliantly.In the video below there’s a trade that is not a pullback trade per se. I’ll offer more videos on that later. This is just a trade that I made recently on the 10th that was during the bank rate decision by the Bank of England. So, if we take a look back at forex factory we can see that just last week on the 10th theofficial bank rate statement came out. However, I was waiting more for the bank statement afterwards.I didn’t think they would change anything as far as Bank rates and they obviously didn’t. The statement afterwards appeared to be more dovish.As a result of the more dovish statement, I shorted the pound and longed the Canadian dollar. At the time the Canadian dollar had been fairly strong due to the influence of peaking oil prices. I also held the trade longer than usual. I’m getting more in the habit of doing that. I’m using some of the volume indicators and stochastics to give me an idea along with support/resistance of when to exit. You can see in the video that I got out near a round number. I usually now hold the trades longer, especially if it’s something like a bank rate statement, because they tend to have a longer-term effect. I held this trade for at least three hours ending with a fair amount of pips.I’ll report more in detail as far as what I’ve been doing with the technicals later but I highly encourage taking a second look at maybe old technical approaches that you may have thrown away . If you start gaining a foothold on the fundamentals the old systems may work great in combination.
andiamolireforex dot com/trade-like-the-banks
submitted by jchiogna to forexzone [link] [comments]

Trade Like the Banks

Trade Like the Banks

I’ve been paying more attention to combining the technicals with the fundamentals and near-term sentiment and it’s actually worked out quite well. I’m was finding that I wasn’t getting as many opportunities simply by using sentiment and fundamentals alone and the entries weren’t as exact as I’d like.
I still apply the same trade methods as I did before but I’ve also combined thosewith trend trading and entering on pull-backs. I’m quite pleased with theway that that’s been working. I use, obviously, the fundamentals and thenear-term sentiment as a filter and it’s been working brilliantly.
In the video below there’s a trade that is not a pullback trade per se. I’ll offer more videos on that later. This is just a trade that I made recently on the 10th that was during the bank rate decision by the Bank of England. So, if we take a look back at forex factory we can see that just last week on the 10th theofficial bank rate statement came out. However, I was waiting more for the bank statement afterwards.I didn’t think they would change anything as far as Bank rates and they obviously didn’t. The statement afterwards appeared to be more dovish.
As a result of the more dovish statement, I shorted the pound and longed the Canadian dollar. At the time the Canadian dollar had been fairly strong due to the influence of peaking oil prices. I also held the trade longer than usual. I’m getting more in the habit of doing that. I’m using some of the volume indicators and stochastics to give me an idea along with support/resistance of when to exit. You can see in the video that I got out near a round number. I usually now hold the trades longer, especially if it’s something like a bank rate statement, because they tend to have a longer-term effect. I held this trade for at least three hours ending with a fair amount of pips.
I’ll report more in detail as far as what I’ve been doing with the technicals later but I highly encourage taking a second look at maybe old technical approaches that you may have thrown away . If you start gaining a foothold on the fundamentals the old systems may work great in combination.
andiamolireforex dot com/trade-like-the-banks
submitted by jchiogna to f4forex [link] [comments]

Japan december factory activity grows at fastest pace in nearly 4 years

This is the best tl;dr I could make, original reduced by 61%. (I'm a bot)
The Markit/Nikkei Japan Manufacturing Flash Purchasing Managers Index rose to a seasonally adjusted 54.2 in December from a final reading of 53.6 in November.
The flash index for new orders rose to 56.6 in December, from a final 54.7 in the previous month.
The output price index increased to 51.4, the highest since July 2014, from a final 51.3 in November.
The final December reading is due on Jan. 4.
All CFDs and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website.
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Post found in /Economics.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

10 Forex Calendars Reviewed

I have just finished a rather thorough study on the freely available web-based economic calendars. It reviews the following 10 calendars: Forex Factory, DailyFX, FXstreet.com, Yahoo! Finance, Investing.com, ZuluTrade, ForexSpace, InstaForex, BabyPips.com, FXOpen.
Please let me know what you think and what features are you looking for in FX calendars.
submitted by enivid to Forex [link] [comments]

How To Trade Forex News Using Forex Factory (High Impact News Trading) Forex Factory training and strategies for trading Forex Factory  100% Free Trading Guide  Get The Best Trading Tools To Use Every Day How to Use Forex Factory to Set Your Avoid times How To Use and Read Forex Factory Calendar How to Trade Forex  Using Forex Factory  Forex School BD Review Of forexfactory.com  Best Forex Free website of the world Tani Forex Review in Urdu & Hindi Forex Factory ESPAÑOL?? - ✅ TUTORIAL Calendar ✅ How To Make Forex Factory An App forex factory Live News trading profit

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How To Trade Forex News Using Forex Factory (High Impact News Trading)

How to understand the Forex Factory Calendar to set your avoid times in the ProRangeMarketAO strategy Hypothetical Performance Disclosure: Hypothetical performance results have many inherent ... How To Read Forex Factory and Investing.com Website Calendar News Data Tani Forex In Urdu And Hindi - Duration: 14:54. Tani Forex 10,932 views How to Trade Forex Using Forex Factory. Forex Factory Bangla Tutorial. Best Broker Link - 1. Tickmill - https://goo.gl/TGdkaL 2. Ic Markets - https://icmar... En este vídeo detallaremos como darle uso a Forex Factory y como poder leer ciertas noticias y cómo afectan positivamente o negativamente a ciertos pares del mercado. Más información: http ... Please try again later. Published on Sep 9, 2017. Forexfactory.com best website of the world. in this website huge information about Forex Trading , Forex Economic News , Forex Scalping , Forex ... Please try again later. Published on Apr 10, 2020. How To Trade Forex News Using Forex Factory (High Impact News Trading) // Know the smart way to trade USD Unemployment Claims, CAD Employment ... Learn Forex Trading - Education how to use and read forexfactory.com calendar for trading news strategies. http://fxdailyreport.com - Daily forex, commodity,... Learn how to use Forex Factory to provide free trading tools that are at your disposal. Learn how Forex Factory provides free trading tools and how to use th... Streamed live on Jul 24, 2014 http://LearnToTradeWithTravis.com/ If you use forex factory or wish to then this training will show you have to set it up and u... Forex Factory News Trading Forex Factory is site on which you can get a lot of news and Predications about forex market. You can earn profit in Forex Factory News Trading.

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