Author: rcanessa - Page 43

Engulfing Bearish Candlestick Pattern

The candlestick formation Engulfing Bearish is a highly reliable trend change pattern that is formed in bull markets and indicates that there is a high probability that the market will change its direction from bullish to bearish. Sometimes it could be the beginning of a bearish trend. This pattern can be identified in the following way:

First we have a candlestick with a small white real body, followed by a black candle with a long real body that encompasses in its entirety the white real body of the previous candle. In other words, the range of the first candlestick is within the range of the second candlestick.
The previous trend of the market must be bullish.

Forex Trading System Gurusomu

by rcanessa

The polyvalent trading system “Gurusomu” is based on the famous Japanese indicator “Ichimoku“. This trading strategy can be used both for small timeframes (up to 30 minutes) for scalping and short-term trades, as well as for medium-term and long-term trades using 1 hour price charts and higher time frames. With this system we can trade with any currency pair and at any time. Naturally, if you want to do scalping, you will have to choose the time period where there is greater market volatility, and a Forex broker for scalping.

To trade safely in the Forex market, choose one of the best Forex brokers that are regulated. If you have doubts which to choose, you can always make a comparison between them.

Crypto Trading Available in Z.Com Trade and more

by rcanessa

Update on Z.Com Trade

The broker Z.Com Trade has ended its operations and no longer offers brokerage services. It closed its offices in mid-2020.

The Forex and CFD broker Z.Com Trade (regulated by organizations such as the FCA) has announced a series of improvements in its services, including the addition of cryptocurrencies CFD (Contracts For Difference).

These services are described below:

The scientific method in the development of trading systems

by rcanessa

Tell me one thing: how do you validate your trading system? How can you be sure that by following these entry and exit signals from the market you will have profitable results? Just because you have executed a backtest and it has given you good results?

In today’s article I propose to rethink your way of working and begin to apply the scientific method as a procedure of development and validation of trading systems.

What is a Trading System?

by rcanessa

What is a system?

A trading system is a set of rules that unequivocally define the way to trade one or several financial instruments in order to obtain benefits. Experts say that a trading system only exists if it is written, so that there should not be any ambiguity in the investment methodology that is intended to be applied. The rules must be coherent with each other and can not be contradicted.

ThinkMarkets Review 2022 – Forex And CFD Broker

by rcanessa

Thinkmarkets

-ECN/STP Forex and CFD Broker from Australia.

-Regulated by bodies such as ASIC and FCA

-Many trading assets with tight spreads and low commissions

Visit Broker Website

ThinkMarkets – Forex Broker Analysis

ThinkMarkets is a Forex broker in Australia, which was founded in 2009. The main offices of the company are located in Australia and it has customer service offices located in various countries, including Spain, the UK, and Brazil. Currently, this company is duly registered and regulated by the ASIC (Australian Securities and Investment Commission), the regulatory body of financial services in Australia. This ensures the quality and legality of the services of this broker. ThinkMarkets is specialized in Forex, Contracts For Difference, and precious metals like gold and silver.

In this ThinkMarkets review, we are going to describe its main products and services. We are also going to talk about its regulation and trading conditions among other aspects.

Basic Types of Binary Options

by rcanessa

Binary options are instruments that are characterized by their simplicity and high profits, which has led to a surge in popularity that extends each day. Most known regular binary options, known as digital options which normally are associated with these financial derivatives transactions. However, binary options brokers offer other types of binary options that any trader should know as they may offer a variety of opportunities.

The main types of binary options are:

Island Reversal Price Pattern

by rcanessa

Description of the Island Reversal

Island reversal is a trend change pattern which forms a gap on both sides. This chart pattern is most likely shown when the market trend proceeds to its last level. The name island reversal is obtained from the fact which the candlestick appearing alone, that is quite alike in the island. This chart pattern explains an increase in the volume amidst the primary gap and the following gap proceeding in the opposite direction.

The island reversal pattern is driven across the pre-market trading and pro trading as well. Generally, the island reversal chart pattern is described as a distinct trading activity that works within a range and moreover it is separated with a move. The separation is resulted due to an exhaustion gap and the opponent direction results with a breakthrough gap.

Forex Carry Trade

by rcanessa

The carry trade is a strategy in which an investor sells a certain currency with a relatively low interest rate and buy another currency with a higher interest rate. The aim of this strategy is to get as profit the difference between the two interest rates, a benefit that may become attractive depending on the amount of leverage used. As the profit comes from the interest rate differential, you can make a profit even if the price of the currency does not change a single pip.

Although the Forex market operates 24 hours, is taken by consensus UTC 0 hours as the end and beginning of a new trading day. In Forex trading, at the end of each day is credited or charged to the account of the trader the spread between the interest rates of the two currencies of the currency pair in which the trader have open positions at this time (this is known as Rollover).

New Home Sales Indicator

by rcanessa

General Definition

The “New Home Sales” is an economic indicator that measures sales of newly built homes. This is a monthly published data, which always refers to the previous month in which the Department of Commerce’s Census Bureau published the report. This report includes both the quantity and price statistics. It is considered a lagging indicator of market demand and also affect interest rates on mortgages.

It is considered as a sale of a new home any deposit or signing a contract, either in the year in which the house was built or the year after construction.

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