Posted in: Forex

What is a forex signal?

 A forex signal is a trading recommendation. It gives the user specific details on a currency trade, which could include price, time and possibly stop loss levels. The signal could be computer generated, for example, from a software programme or a robot, or it could be generated by a human. The signal is sent to the user, usually via email, twitter, SMS or RSS.

 

These signal systems are used by traders all over the world, to help them with trading decisions. It is important to understand how these signals could assist you and their importance in trading. Let’s take a look at the two different types of foreign exchange signals:

 

Manual forex signals – A trader studies the market looking for buying and selling opportunities before taking a decision to buy or sell a particular currency. This is potentially very time consuming and can be very objective. However, as a positive, a human trader can pull out of trades if he considers that the market is showing signs of unpredictability or is behaving in an erratic fashion.

 

Automated forex signals – These are trading programmes which interpret market movements and say whether to buy or sell a particular currency accordingly. These programmes or robots as they are also called, can be quite reasonable accurate, if they have been created by a knowledgeable professional. The clear advantage of the automated forex signal provider, is that it can analyse a huge amount of data in comparison to a human trader. This means that you could receive signals for multiple currency pairs and across a 24-hour period, throughout the trading week. You are unlikely to miss an opportunity.

 

The most sensible strategy is to use a combination of both. Even if you use forex signal, it is important that you understand the basics of trading fx. This way you an understand what you are trading and the signal you are receiving. The majority of signal providers will allow you to have a trial period. In this period test the information you receive to check that it is of a high quality.

 

Whilst signals are never going to give you 100% profits, if you chose one carefully and use it wisely, then you have more chances of building a winning trading account.

 

Where can I trade signals?

Vantage FX is an award-winning ECN Forex Broker, based in Australia. They provide several high spec trading platforms including MetaTrader4 and a mobile app among others. Vantage FX offer transparency, true ECN spreads and unparalleled execution speed. To apply for an account visit the Vantage FX website: www.vantagefx.com.

bitcoin-value-trading

Trading Bitcoin: How to make money with trading bitcoin?

Trading Bitcoin Step 1: Awareness

At the moment trading bitcoin is a a bit of a hype. Many investors are seeing bitcoin as a way to get rich. Can’t blame them for seeing it as this way. I mean if you look at the graph below, you will see that Bitcoin has gone up crazy in value this year.

Trading Bitcoin

Trading Bitcoin

If you look at transaction of Bitcoins on thursday 23rd of November in the pic above. You will that at that time more than 349k transactions has been made. So people have buy and sold bitcoins to each other more than 349k times. That’s is phenomenal. As you can see there a lot of trades out there with Bitcoins. The second thing that you need to be aware off is high volatility. The price value of bitcoin is jumping up and down alot. Which is good news for us as traders. Because there is a lot of money that can be made off. As in basic thing before you start trading, the first thing that you need to know. Is there enough volatility? The higher the volatility there better it is. Because it means that price value changes a lot. And that there is a lot of people that are participating in the trade. So this way you can always buy or sell it to someone. In this case the bitcoin trading has a very high volatility.

Trading bitcoin step 2:

The second thing you need to know before trading bitcoin is that you need to know what kind of trend is bitcoin in? If you don’t know what I mean about trend then read this article: Trend

Trading Bitcoin

Trading Bitcoin

As you can see in the pair Bitcoin/British pound is in a bullish trend. It is going up. If this current trend continuous then you can make money by buying the bitcoin now and sell it later for a higher price. It’s the most basic and simple strategy. However you can also see that sometimes the value of the bitcoin goes down. So there is also a opportunity to make money when the bitcoin goes down in value. Plus500 is on of the few brokers that offers you the opportunity to make money when the bitcoin goes down in value.

For example you would have made money in the period of Sept. 1st till the 14th of Sept 2017 when the Bitcoin dropped in value from 3600 GBP to 2400 GBP.  The profit would have roughly been 1200 GBP for you. Remember alway use a stoploss when you are trading bitcoin. If you want to know more about buy and sell bitcoin on Plus500 then check out this Plus500 Tutorial: How to buy and sell bitcoin on Plus500

GBP/USD currency trading recommendation 18 march 2016

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GBP/USD currency trading recommendation 18 march 2016 | 101trading.co.uk

march 18-GBP1|101trading.co.uk

march 18-GBP1|101trading.co.uk

On January 21, after the GBP/USD pair moved below 1.4220, evident signs of bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again.

 

Bullish persistence above 1.4360 was mandatory to maintain enough bullish strength in the market. The first bullish target was seen at 1.4615 where the most recent bearish swing was initiated.

 

As previous weekly candlesticks maintained their bearish persistence below the depicted demand zone (below 1.4200), the next weekly demand level was located at 1.3845 (historical bottom that goes back to March 2009).

 

As expected, an evident bullish recovery and a bullish engulfing weekly candlestick were expressed around 1.3850 (prominent weekly demand level). That is why, a valid buy entry was suggested near the same level.

 

The price zone of 1.4235-1.4375 constitutes a significant supply zone to offer evident bearish rejection.

This bearish rejection was manifested on the weekly chart until the price level of 1.4050 managed to push the pair again to the upside.

 

Note that bullish persistence above the price level of 1.4375 allows further bullish advancement towards 1.4620 to take place.

march 18-GBP2 |101.trading.co.uk

march 18-GBP2 |101.trading.co.uk

 

A recent lower high was achieved around the level of 1.4530. This applied extensive bearish pressure against the price level of 1.4235.

Hence, an extensive bearish breakout below 1.4235 was expressed on the daily chart (GBP/USD looked oversold few weeks ago).

That is why; signs of bullish recovery and a profitable long entry were expected around 1.3850. A recent bullish swing was expressed towards 1.4375.

On March 13, the broken demand zone (1.4235-1.4375) stood as a significant supply zone to offer bearish rejection in the short term.

A lack of bearish rejection around 1.4235 allowed further bullish advancement towards the level of 1.4375.

On March 14, evident signs of bearish rejection were expressed around 1.4375 (61.8% Fibonacci level).

That is why; a recent bearish movement was executed towards 1.4050 where the current bullish swing was initiated.

 

Today, the price level of 1.4375 (61.8% Fibonacci level) is being challenged again. Temporary bullish breakout is being manifested on the daily chart.

If bullish persistence above 1.4375 is maintained, a quick bullish movement towards 1.4530 and 1.4600 should be expected.

Otherwise, the GBP/USD pair will remain trapped between price levels of 1.4375 and 1.4150.

Michael Becker | Analytical Expert of Instaforex| 101trading.co.uk

Michael Becker | Analytical Expert of Instaforex.com| 101trading.co.uk

InstaForex

GBP/USD 14-03-2016

Trading Recommendation for GBP/USD and technical levels| 14 March 2016

GBP/USD 14-03-16

GBP/USD 14-03-16

On January 21, after the GBP/USD pair moved below 1.4220, evident signs of a bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again. Bullish persistence above 1.4360 was mandatory to maintain enough bullish strength in the market. The first bullish target was seen at 1.4615 where the most recent bearish swing was initiated.

As previous weekly candlesticks maintained their bearish persistence below the depicted demand zone (below 1.4200), the next weekly demand level was located at 1.3845 (historical bottom that goes back to March 2009). As expected, an evident bullish recovery and a bullish engulfing weekly candlestick was expressed around 1.3850 (prominent weekly demand level). That is why, a valid buy entry was suggested near the same level.

On the other hand, the price zone of 1.4222-1.4360 now constitutes a significant supply zone to be watched for a possible short-term bearish rejection. Otherwise, bullish persistence above the zone of 1.4222-1.4360 allows further bullish advancement towards 1.4620 to take place in the market.

GBP/USD 14-03-2016

GBP/USD 14-03-2016

A recent lower high was achieved around the level of 1.4530. This applied extensive bearish pressure against the price level of 1.4235. Hence, an extensive bearish breakout below 1.4235 was expressed on the daily chart (the GBP/USD looked oversold few weeks ago).

That is why, signs of bullish recovery and a possible long entry were expected around 1.3850. A recent bullish swing is currently being expressed towards 1.4375. The broken demand zone (1.4235-1.4375) now constitutes a significant supply zone to offer bearish rejection in the short-term perspective.

Early signs of a bearish rejection were expressed around 1.4235 (50% Fibonacci level depicted on the daily chart). However, the recent bearish signs were not strong enough. Hence, more bullish advancement towards 1.4375 was expressed as expected. Trading Recommendations:

Price actions should be watched around the level of 1.4375 for an intraday sell entry. S/L should be placed above 1.4420. Initial T/P levels should be located at 1.4220, 1.4100, and 1.4050. On the other hand, risky traders can wait for a bearish pullback towards the key-level of 1.4030 to buy the GBP/USD pair.

Michael Becker | Analytical Expert of Instaforex| 101trading.co.uk

Michael Becker | Analytical Expert of Instaforex| 101trading.co.uk

 

buy bitcoin

Buy Bitcoin: Tips that you should know before buying a Bitcoin

Helpful Tips to Use When Trying to Buy Bitcoin

If you are a person who does a lot of business online, then finding ways to make the transfer of money easier is usually a top concern. There are a variety of things that a person can do in order to move their money around online easier and among the most effective is buying bitcoin. Making sure that you buy bitcoin from a reputable dealer is important. A variety of security measures will need to be taken in order to keep your bitcoin safe. Below are some helpful tips to use after you buy bitcoin in order to keep it safe.

Once you Buy Bitcoin, Keep Separate Wallets

The first thing that you will need to do in order to keep your bitcoin safe is to figure out where you will keep it. There are a number of sites out there that offer a digital wallet to keep the currency safe. The best way buy bitcoin and keep it safe is by taking the time to setup two different wallets. There are no limits on the number of bitcoin wallets that you can have. By spreading out the currency, you will be able to avoid having it all stolen by hackers.

After you Buy Bitcoin, Set Up Security on Your Accounts

Just like with any other type of account, you will need to take measures to secure your bitcoin account. The more you are able to do in regards to guarding your account, the easier it will be to keep your money safe. Making a password of pin for your account is important and not sharing it with anyone is even more important. There are usually a variety of companies that will allow you to buy bitcoin and house it in a safe place. The time that you put into finding the right place to buy and house your bitcoin will more than pay off in the end.

Keep Your Bitcoin Wallets Backed Up

When using the computer for business and the transfer of money, a person will have to ensure that they backup all of their information. There are a number of things that can lead to a computer failing and becoming unusable. If all of the information about the way you buy bitcoin and store it, then you will need to create a cloud based backup to ensure that it is safe. By creating this backup, you will be able to get a new computer and put the information about your bitcoin on it with ease.

Without the proper research, it will be very hard for you to put the right security measures in place to protect your bitcoin. Getting some advice from the professionals from where you buy bitcoin from can be invaluable during this process. If you avoid putting these types of security measures in place, then you may fall victim to a hacking that may deplete the bitcoin savings you have.

Bitcoin trade

Bitcoin Trade: The three ways to become succesfull in Bitcoin trading

World of Bitcoin Trade

Finding ways to put your money to work is important and something that you need to take very seriously. Without the right investment strategy, it will be very hard for a person to get the right results from this process. There are a number of things out there that can garner a person a lot of money if they invest in them. The world of bitcoin trade is wide open and has a variety of different investment opportunities. Just like with the trading of stocks or bonds, there are a number of rules and things that you will have to consider when trying to have the success with bitcoin trade.

Know What To Invest in Bitcoin Trade

When trying to have success in the world of bitcoin trade, you will first have to think about what you have to spend. Taking the time to work up a budget before investing is a surefire way to avoid overspending during this process. The last thing that you want to do is to invest money that you are using to pay for your home or other important expenses. Doing this will only result in you getting in a financial bind and not being able to continue trading. Going in to speak with an investment professional is a great way for you to get some guidance regarding what needs to be done and what you can invest.

Understand the Goals for Each Bitcoin Trade Made

Once you have figured out what you have to spend, you will need to take the time to find out what your goals are. Without a clearly defined goal for each trade, you will not be able to track the progress you are making. In most cases, a beginner to the world of bitcoin trade will not know what their goals are, which is why using a professional to help is important. A professional in the world of investing will have no issues helping a person define their goals and them help them meet them.

Getting the Right Information

Just like with any other type of investing, the more information you have regarding the bitcoin trade industry, the easier you will find it to get the right trades made. There are so many different publications and websites out there that will allow you to stay up to date on all of the developments in the bitcoin trade industry. Staying up to date on this industry will allow you to strike while the iron is hot and make the right decisions regarding what to do to make money. The time that you invest into this type of research will more than pay off in the end.

Finding the right information with bitcoin trade is essential. Without the proper guidance during the beginning phases of your trading, it will be very hard for you to have success.

price of a bitcoin

Price of a bitcoin: What factors that has influence on the price?

The price of a bitcoin is for most people a mystery. Like why is the price of a bitcoin like this. Why would the value of a bitcoin go up in value? For most people the bitcoin currency around the world is a bit of a mystery. Finding out about the currencies that are available to you can be very beneficial. In a world where nearly everything can be bought online, finding the right way to purchase your goods is important. Among the most popular currencies used in the online world is Bitcoin. There are a variety of things that a person will have to know when trying to invest in this type of currency. The following are some of the factors that will have affect on the price of a bitcion.

Government Regulation Can Affect the Price of a Bitcoin

One of the biggest factors that affects the price of a bitcoin is government regulation. As the regulations on the use of Bitcoin come down the pipe, they will undoubtedly affect just how much it is worth. There are a number of regulations that have been passed that promote the use of this currency. The only way to stay in the know on coming regulations is by taking the time to do a bit of research on this subject. The time that is put into this process will be more than worth it.

The Number of People Using This Currency Will Affect the Price of a Bitcoin

Another very important factor that will lead to the increase or decrease in the value of bitcoin is the number of people using it. Usually, traditional currencies will be valued according to how much of it is in circulation. As this currency begins to get more popular, the higher the value will begin to go. The more people there are to spread around the bitcoin, the higher the overall price of a bitcoin will be.

The Use By People in the Business World

The world of business has always been one of the most important meters by which the power of currency has been measured. The more that the world of business uses the Bitcoin system, the higher the value you of it will be. There are a variety of overseas companies that have begun making more investment into Bitcoin because they see the potential that it has. As time goes by, more businesses will begin to use this type of online currency due to the desires of their employees. With all of the potential growth that this type of currency has, there is no wonder why more people are starting to invest.

The time that is put into getting information on Bitcoin will be more than worth it. There are a number of companies out there that will help a person with their Bitcoin purchase. These companies will also be able to let a person better understand the factors that lead to the price of a bitcoin and what they need to watch out for when investing.

bitcoin advantage

Bitcoin advantage: Four reasons to buy this currency

The Bitcoin Advantage

Buying and selling goods is something that people have been doing for ages. The ways that people pay for goods has changed significantly over the years. By doing a little bit of research, you will know what the right currency is. For your to use for your own business.  There are a number of trends in the world of currency, which is why doing a good bit of research is vital. Many people are starting to experience the bitcoin advantage. The rise in this type of currency have many people taking the time to find out just what it has to offer. The following are some of the advantages that come with using this type of digital currency and how it can help them.

The Bitcoin Advantage Number One: Modern Currency for a Modern World

The first benefit that comes with using this type of currency is that it will allow a person to get the modern feel they are looking for with their currency. The bitcoin advantage is very apparently, especially for younger people who are in need of a digital currency they can use anywhere. Rather than having to carry around a card or wallet, a person will be able to get their purchases made with ease.

The Bitcoin Advantage Number Two: Its Globally Accepted

Another benefit of using bitcoin is that it will allow a person to purchase goods without to having to worry about converting currencies. The bitcoin is accepted all over the world, which is why most people are using it. Without having to worry about whether or not your currency is compatible, you will be able to enjoy your shopping experience much more.

The Bitcoin Advantage Number Three: The Currency is Secure

For most people, making sure that the currency they are using online is secure. There are a variety of things that a person can do to make their bitcoin experience more secure such as keeping multiple online wallets. Be sure to speak with a bitcoin professional in order to get ideas on other things that can be done to make your bitcoin transactions more secure.

The Bitcoin Advantage Number Four: Retaining the Value of the Currency

When using bitcoin, a person will also be able to avoid things like inflation or devaluation. The bitcoin will retain its value due to the fact that the value of it is based on how many people are using it. There are a variety of people out there who are using and will use this currency in the future. The more publicity this currency gets, the more people there will be interested it and that will use it. By getting word out about bitcoin, you will be able to get more people onboard and will help the value of it increasing.

The best way to get all of the information regarding the bitcoin advantage is by finding the right professionals to speak with.

Bitcoin currency: what are the benefits?

Bitcoin currency: What are the benefits of this currency?

Why Many People Are Using Bitcoin Currency Around the World

Being able to buy things with ease is a top concern for a lot of people. Nearly every online retailer accepts a number of payment methods. You will have to take the time to figure out what type of payment method is best for you and your needs. One of the most popular form of payment in today’s digital world is the bitcoin currency. This currency is used strictly online and comes with a variety of benefits. There are many people out there who have heard the name of this currency, but fail to realize what it is all about and the benefits that it has. Below are some of the reasons why bitcoin currency is becoming one of the most popular payment methods around the world.

Bitcoin Currency Offers Freedom

The biggest benefit that comes along with using this type of currency is the freedom that it allows the user. When using bitcoin currency, a person will be able to transfer it and use it whenever they want. There is not compensation that has to be made regarding banking holidays or even time of day. Due to the all-electronic nature of bitcoin currency, a person will be able to spend it or transfer it all times of the day. With other types of currencies, a person will have to wait until banks are able to process their transfers.

There is Control and Security With Bitcoin Currency

One of the other benefits that come along with using bitcoin currency is that the security of the currency is in the hands of the users. Since the users are the ones that are doing the transactions, they will be able to control their own security. There is also no way for vendors to charge any hidden fees on the transactions that are made with the bitcoin. The private information of the bitcoin currency user is hidden from view, which means that you will be able to get the right purchases made without putting yourself in danger.

Low Cost

Among the most attractive features of this type of currency are the very low fees that you will have to pay when using it. In some instances, there will be no fees at all when using your bitcoin currency. Before you make a purchase or transfer, you will have to take the time to find out what you are being charged. The more you are able to find out about the fees, if any, the more at ease you will feel about spending your bitcoins. The last thing that you want is to be ripped off due to neglecting to read the fine print before a sale is made.

Investing the time into finding the right currency is important and will more than payoff in the end. The use of bitcoin currency is exploding due to the fact that it is easy to use and will retain its value over time.

*How to buy and sell bitcoin on Plus500 broker*

forex trader

Forex Trader, questions that you need to ask

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Forex trader

Does Your Forex Broker Make The Grade? Must Ask Questions For Any Forex Trader

When it comes to forex brokers, there are more than a few to choose from; however, they are not all created equal. When it comes down to your money, you need to be certain that the broker you use is able to meet your expectations. You have every right to ask questions, and to compare Forex brokers in order to choose the right one. You can check our brokers review here: brokers review

Why does size matter to a Forex trader?

When it comes to choosing the right broker for a Forex trader, size definitely manners. Since the forex market is a type of over-the-counter market, offering no type of centralized exchange, not everyone will receive access to the same prices or the quality of trade execution. Institutions that have the biggest trade volume and the best financials will have access to the better execution and prices. When you find a bigger broker, they will be able to pass on these advantages of their size, better execution and prices, to you.

Who will execute the orders for a Forex Trader?

Not all of the forex brokers will quote rates the same way, some of the options include:

  • A dealing desk: This means that the forex broker is creating the pricing and then executing the orders for the Forex trader.
  • No dealing desk: this will mean that multiple banks are streaming competing prices through the forex broker, so that your orders will be executed by the actual banks.

What type of spread is used for the Forex Trader?

There are a number of options a Forex trader needs to consider when it comes to the spread:

  • Fractional Pip Pricing: The majority of major currency pairs will be quoted to four decimal places, which means a pip will usually equal .0001, which is one basis point. Most brokers will round the price to the nearest pip, but others now offer fractional pip-pricing. This adds another decimal, which means spreads are typically accurate and tighter.
  • Scalping the Market: There are some traders that prefer a short term scalping strategy, which will involve placement of the orders in the spread. In order for this method to be profitable, the market maker has to lose, which is why some brokers do not allow this. This is a risky strategy.

When you evaluate the methods that are used by various forex brokers, you will be able to find one that meets your investing goals. Taking the time to consider the things here will allow a new forex trader to find a quality broker who will look out for your best interests. You can try these two demo accounts for free. Plus500 and Instaforex are one of the best brokers around at this moment.

<a href=”https://www.instaforex.com/” data-mce-href=”https://www.instaforex.com/”>InstaForex is a universal Forex portal for traders</a>