Author: rcanessa - Page 15

FBS Adds New Shares to its List of Instruments

The broker FBS has announced the expansion of its list of trading instruments that includes the addition of new stocks from UK markets, which increases the opportunities for traders who want to access other markets besides Forex. In total, 30 new stocks have been added for trading, giving the investor the opportunity to further diversify an investment portfolio and earn more returns in other markets. The new shares are listed on the London Stock Exchange (LSE).

They are available for trading from 16:00 to 24:00 GMT time. At the moment, the trader will only be able to trade with these instruments on the Metatrader 5 platform, an improved version of Metatrader 4.

You can find more information about the online broker FBS and its Forex and CFD brokerage services in the following guide about this company: FBS Broker Review

Citibank creates special unit to offer bitcoin and cryptocurrency services

by rcanessa

Although no details were given yet, NFTs, stablecoins and CBDC would also be included.
Bank executives say there is increasing interest from customers

Citibank announced that it will launch a cryptocurrency and digital asset service for some of its clients. It will be called the Digital Assets Group and will operate under the Wealth Management Division.

This new service will include, in addition to the main cryptocurrencies, non-fungible tokens (NFT), stablecoins and central bank digital currencies (CBDC). The criteria for choosing the customers who can access this service have not yet been reported.

Renko Chart Indicator for Metatrader 4

by rcanessa

The MT4 platform is undoubtedly one of the most popular trading platforms among retail traders who regularly trade Forex, CFDs, and precious metals. Despite the popularity and numerous reviews of the MT4 platform, there has been little to no improvement when it comes to including other types of charts. In its current version, Metatrader only offers the classic types of price charts, that is: bar charts, japanese candlestick charts, and line charts.

Although MT4 has shown some lag in terms of chart type innovation, thanks to the large ecosystem of developers who specialize in the MT4 platform, various Renko indicators have been produced that can convert existing chart types to Renko charts.

In this article we are going to take a look at the RenkoLiveChart_v3.0 indicator which is available free of cost, indicating its advantages and disadvantages.

Intraday Trading System Using Moving Averages and Stochastic

by rcanessa

This is quite simple intraday trading system for 15 minutes candlestick charts which is based on exponential moving averages (EMA) and the stochastic oscillator. The rules of this strategy are very simple as we shall see below: This trading system is specifically designed for intraday trading. For this reason all open positions using this technique should be closed at the … Read more

Gold is losing its reign as a store of value against bitcoin

by rcanessa

So far this year BTC has advanced 81% while gold has fallen 7.7%.
Large investors are shifting their positions in gold to investments in bitcoin.

As bitcoin continues in an upward cycle, which has intensified in this year 2021, its position against gold as a store of value asset strengthens. The precious metal has fallen 14% since it reached its historical maximum of USD 2,071 an ounce, at the beginning of August 2020, as this Monday, February 22, it registered a price of USD 1,798 an ounce.

In the same period of six and a half months, since the historical high of gold on August 7, a fact reported by ForexDominion, the price of BTC has appreciated 360%, going from USD 11,564 to USD 53,429.

Kagi Chart Indicator for Metatrader 4

by rcanessa

Kagi Charts for MT4 In this article, we present a modified technical indicator for Metatrader 4 that allows displaying Kagi charts on the regular price charts of this platform. Therefore, it allows traders to correct the deficiency that Metatrader presents in terms of less common types of charts such as the Kagi, whose popularity is increasing day by day due … Read more

1-2-3 Patterns Indicator for Metatrader 4

by rcanessa

The 1-2-3 pattern is a classic trend reversal price formation that occurs in all markets and can be observed in any time frame. It has stood the test of time thanks to its reliability, which is high compared to other chart price patterns. In fact, many trading strategies today are based on this chart pattern.

However, as with all price formations, the problem is learning to spot 1-2-3 patterns on the price charts, which is not easy for beginning traders due to their lack of experience. Also, most traders don’t want to spend their hours watching price charts. I think this is one of the main reasons why pattern-based strategies don’t work for many traders.

For that reason, we include a free custom indicator for Metatrader 4, which shows 1-2-3 bullish and bearish patterns on any price chart and in any time frame. This tool saves the trader a lot of time and works as they do not have to find the patterns on their own.

FBS Broker 12 Years Promotion – Trading Tournament

by rcanessa

The Forex and CFD broker FBS is hosting a trading tournament for all its clients in celebration of its 12th anniversary with a total of $1,200,000 in prizes. This competition will take place between February 1 and July 1, 2021, in four rounds of one month each (three regular rounds and a Grand Final). Among the Grand Final prizes are … Read more

Three Line Break Indicator for Metatrader 4

by rcanessa

Three Line Break charts were invented in Japan and are similar to Renko and Point & Figure charts. One trader from Japan described Three Line Break charts as a “more subtle form of Point & Figures charts, where reversals of price direction are decided by the market and not by arbitrary rules”. One of the most notable features of these charts is that they are time-blind and only change when closing prices move by a certain number of points higher or lower.

These charts show a series of vertical lines (or “blocks”) of varying size (Renko charts uses a fixed block size). Green blocks (traditionally white) represent rising prices, while red blocks (traditionally black) portraying falling prices. The blocks continue in the same direction until a price reversal is warranted.

+ More