Best Forex strategies: Bollinger Bands Moving Average Convergence Divergence (BB MACD) : BB MACD is a technical indicator that is made with the combination of Bollinger bands and moving average convergence divergence MT indicators. In this indicator, the MACD line represents the middle or central band of the Bollinger bands. This MACD line calculates the current price deviation from the average prices. When the current prices are above the middle band (MACD line) and approaching the upper band, it signals that the market is in an uptrend and that long orders should be placed. On the other hand, when the current prices are below the middle band (MACD line) and approaching the lower band, it signals that the market is in a downtrend and short orders should be placed. See a lot more information on Free Forex EA.
A futures contract is a standardized agreement between two parties to take delivery of a currency at a future date and a predetermined price. Futures trade on exchanges and not OTC. In the futures market, futures contracts are bought and sold based on a standard size and settlement date on public commodities markets, such as the Chicago Mercantile Exchange (CME). Futures contracts have specific details, including the number of units being traded, delivery and settlement dates, and minimum price increments that cannot be customized. The exchange acts as a counterparty to the trader, providing clearance and settlement services. Unlike the spot, forwards, and futures markets, the options market does not trade actual currencies. Instead, it deals in contracts that represent claims to a certain currency type, a specific price per unit, and a future date for settlement.
Although MT4 includes most of the standard indicators you would need, MT5 includes 8 additional indicators. This is not an important difference as any indicator you need can be downloaded and added to either platform. MT5 also introduces several new analytical objects to identify cycles and trends. Perhaps the biggest difference besides order and position handling is that MT5 can easily be used to trade multiple asset classes, with multiple accounts, using more than one currency. MT5 also allows you to set up more than one trading account and then transfer cash from one account to the other.
Practice makes perfect: Like any new learned skill, there is somewhat of a learning curve. But also, with any new learned skill – practice makes perfect! They key to becoming a great trader is consistency and practice. Luckily, Forex Smart Trade offers you a demo account where you can practice making your own trades without the risk. This is a great way for you to get into the swing of the whole trading process, without the stress of your money on the line. New traders enjoy this feature because it helps them conceptualize the process of trading, as well as put it into action in a low-risk setting. Practicing the trading process before funding your own investments is very important, especially if you want to minimize potential losses. Practicing is also a great way to also familiarize yourself with specific terminology, softwares, charts, currency rates, and more. Another great way to familiarize yourself with Forex and the entire process, is to seek out blogs and videos of Forex professionals to learn about strategic tips. Luckily for you, Forex Smart Trade offers blogs, videos, and testimonials for you to look through and learn from right here on our site!
FX Signals is an industry leader when it comes to thorough market analysis and computation of winning forex signals. The brand has over the years built a solid reputation of reliability through the consistent delivery of highly accurate forex signals that can be used for both manual and automated trading. This repute is further fueled by FX Signals emphasis on proper risk management practices with tips accompanying every forex signal they send to their subscriber list. This is reflected on the fact that all their trading signals will be indicative of not just the best trade entry and exit prices but also solid risk management features as the stop loss and take profit levels as well as the recommended minimum investment amounts. The Forex signal service provider is also constantly monitoring the markets for drawdowns and will send out emergency alerts calling for the liquidation of these trades should they sense a market downturn mid open trade.
The company Westernpips Group positions itself in the market as a high-tech company with its algorithmic systems, advanced IT infrastructure, large-scale developments and a wide range of various services. The programs is one of the main information products of the Company. Our team of highly qualified programmers is developing software for the Forex market and CFD`s as well as for the crypto currency market. Our software combines the largest liquidity providers (quotations) at the moment, and is a unique development of our specialists, created specifically for arbitrage trading with a lot of tools for arbitrage on Forex, CFD`s and crypto currencies that help you earn. Westernpips Group is one of the few companies that provide fast data feed directly from exchanges. As a result, our customers receive the fastest, most reliable and accurate quotes. Many large institutional traders rely on Westernpips Group’s software in their arbitrage trading. Find additional information at forexwikitrading.com.
As long as the price moves in the cloud (or near it) – the market is in a lateral position (flat), and its boundaries will be dynamic resistance/support levels. If price moves above the upper border of Kumo, the trend goes up, if it goes beyond a lower border, it is bearish. Tenkan-sen line is considered the same trend indicator. Kijun-sen line shows the probability of a trend change. The intersection of this line of the price chart means a near reversal. First signal. The Chinkou Span line breaks price chart: from the bottom – top, opens the CALL option, from top-bottom – open PUT option. Second signal. The Tenkan line leads Kijun-Sen from bottom to top (Golden Cross) – open CALL-option, if from top-bottom (Dead Cross) – open Put-option. Third signal. We reason the same way: crossing the Senkou-A line with Senkou-B line from bottom-up is CALL-option, from top-down the PUT-option.