Resources

The Swiss Franc15.03.2016

Trading on the Forex market is becoming each day increasingly popular. The popularity of the foreign exchange market is influenced by its scale and liquidity, non-stop availability from Monday to Friday, and the possibility of using leverage. At the same time, Forex is characterized by its high complexity. For effective trading you need to have a store of knowledge about the major currencies, and to take into account not only current indicators, but also other factors having a direct and indirect impact on the exchange rate. The great important of Switzerland’s position and its currency in the financial world is not a secret for anybody. The Swiss Franc (CHF) is the sixth place considering the popularity rating of world currencies, despite the fact that the Swiss economy is on the 19th position in the world in terms of GDP. The Swiss currency is not a part of the world's reserve currencies, despite the commitment of Switzerland to the conservative approach to the economy an...

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The trading style based on time-frames08.03.2016

A good trader in the Forex market is characterized by a developed intuition, sharpened instincts, smartness, and a good selection of timeframes. The selection of the time interval makes it possible to take into account factors that a trader cannot control: Leverage, currency pairs’ particulars, the consequences of news, etc. And although a lot of beginners unfairly ignore the timeframe selection, in the Forex market, it has a strong importance. When we classify forex traders by time intervals, then, accordingly, they can be divided into three main categories: short-term or day trader, medium-term or swing trader, and position or long term trader. 1. The Day Trader Generally, this category of traders is recognized as the most attractive. These traders make the opening and closing of positions within one day. They avoid leaving for the next day their open positions, and are making earnings on the volumes. Such traders are trying to ensure an intensive turnover of money. Their tr...

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Canadian Dollar22.02.2016

Although the Forex market increases each year its volume and promises a handsome profit to the trader, do not forget that the ease of access is immediately compensated by an increased degree of risk. After all, without possessing the necessary knowledge it is impossible to trade successfully. You need to know the determinants of movement of major currencies, and in this article we will discuss the Canadian dollar. Code: CAD Symbol: C$ or $ Banknotes: $5, $10, $20, $50, $100 Coins: 5¢, 10¢, 25¢, 50¢, $1, $2 80% of all the transactions in Forex involve only 7 major currencies. Among them, on the sixth place we find as a reserve currency the Canadian dollar. The Canadian dollar (CAD) is a rather original currency. Canada is not a leading country in terms of population and in terms of economy it ranks only 10th place in the world market. However, this North American state holds 9th place in terms of exports. This accordingly affects the behavior of the national cu...

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4 Technical Indicators 16.02.2016

Market indicators are the basis for a decision taken by the trader to buy or sell a currency. According to the basics of technical analysis, it is known that the market may be submitted in one of two states: trend or flat. On this basis, the indicators are conventionally divided into 2 types: -          Trend indicators - those that indicate the presence of a direction (downward or upward). -          Oscillators – they have a high level of efficiency in the absence of a pronounced trend. In this article you will learn about 2 trend indicators (Moving Average and Bollinger Bands) and 2 oscillators (Stochastic and MACD). So let’s start with trend ones: Moving Average The technical indicator – Moving Average (MA) shows the average price of an instrument over a certain period of time. When Moving Average is calculated, there is performed a mathematical averaging of the currency...

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Technical Analysis in Forex09.02.2016

Technical analysis is a statistical-mathematical analysis of previous quotations with forecasting the following prices. The initial data for a technical analysis in the Forex is the price: the highest and the lowest price, opening price, closing price within a certain period of time, and also the volume of transactions. Any factor influencing the price, such as economic, political or psychological, is already considered by the market and included in it. Technical analysis is based on three main assumptions: 1.  Movement of the market considers every aspect. 2. Prices move directionally. 3. History repeats itself. This type of analysis consists in a series of charts or graphs that are displayed in the trading platform. The charts precisely show the direction of the price movement, or the so-called trend, in real time. Most small and medium-sized participants of the financial markets are dependent on technical analysis. It is assumed that professional traders prefer the fundame...

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