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Limang Mga Napakahusay na Ideya na Pinapayagan kang Magkalakal Tulad ng isang Dalubhasa !



1. Not too much time spent on market analysis

  In essence, profit gaining refers to quantifying profitable results with high probability and the profit-loss ratio based on a complete trading system. As for lucrative trading charts, senior traders can find their stop-profit/stop-loss points and seize trading signals in one minute all the time. It is not the case that enjoying steady profits should rely on the analysis of market trends.To get more news about diskarte, you can visit wikifx.com official website.

  2. No dependence on EA (expert adviser)

  Speaking of an excellent EA, the cooperation between a strong R&D (research and development) team and well-experienced forex masters is usually necessary for its creation. Therefore, this appears to be a castle in the air, provided the lack of certain channels or funds.

  Besides, any computer program is impossible to be timelessly effective due to the ever-changing market. As such, the brain is the best trading instrument.

  3. Not that vital are fundamentals

  Senior traders dont rely on fundamentals as all changes will be reflected in advance via market prices and behavior.

  4. Not impacted by so-called “experts”

  It is trading charts instead of any expert comment that should be believed in because of their necessary information implied. Please dont be affected by others when you are making a trading decision.

  5. Not too much attention paid to success or failure

  A certain method/theory is only a probability of success in transactions. Too much emphasis laid on profits and losses can place you in danger. Simple trading mentality, combined with simple and efficient trading tactics, can award continuous benefits to you.

6 Strong Skills That’ll Help You Become a Successful Forex Trader


If you are looking to become a successful forex trader, then you must know that, before this can happen, you need to hone your trading skills. This is predominantly achieved through regular practice and discipline. Additionally, traders should always analyze each and every trade. This allows them to understand what drives their trades, and learn to maintain a cool and unaffected demeanor. This is crucial since greed and fear can take a heavy toll on your trades. In essence, this is a key element that all traders can easily manage.To get more news about Forex Trading Skills, you can visit wikifx.com official website.

  However, there are other skills that help forex traders become successful, and here are 6 you need to know.

  1. Do Not Take it Personally

  Forex trading is often regarded as one of the easiest ways to earn money, but although it is easy, it is not free of losses. The most important trait that can either make or break a forex trader is their ability to remain unaffected by the losses. Sure, losing money is awfully frustrating, but a traders success depends on their ability to endure that loss. By not taking it personally and remaining calm, you will spare yourself a lot of heartaches and avoid a lot of trouble. This unique ability also allows you to see with more clarity, thus avoid further losses.

  2. Understand Price Action Signals

  An exigent part of a forex traders success highly depends on their ability to use the price action signals. For traders to master this ability, they will first need to focus on the basic techniques. You will need to study the price reaction and follow the patterns. The best way to cultivate this skill is by testing all the knowledge you have acquired in a demo account, which the trading experts on this website encourage, as the practice will allow you to learn from your mistakes without doing any real damage. A direct example that speaks to the importance of practicing through a demo account is that golfers have a practice swing before playing a stroke. And this is even true for professional golfers, as you will need to warm up and put into practice your skills and knowledge before following through.

  3. Devise a Balanced Strategy

  A random and sporadic strategy is no strategy for a successful forex trader, and it will not work in this industry. Instead, take the time to carefully devise a balanced and thorough plan of action. By doing so, you can be making big profits, even after closing a trade with a substantial loss. Your strategy should typically allow you to find trades in any market condition. But in order for this to remain successful in the long run, you should get used to basing your strategies on the conservative methods.

  4. Incorporate the Fibonacci Trading Strategy

  Popular among the elite traders is this proven method, the Fibonacci trading strategy. It enables retail traders to earn enormous profits, while simultaneously minimizing the losses. That is why a successful trader should look to incorporate this method into the mix of strategies they use. You will need to take a few considerations regarding the trend-trading method. Mainly, you should look to focus on the endpoint of the retracement, seeing as it improves your opportunities before deciding to trade. With that said, look to entirely familiarize yourself with the Fibonacci trading strategy.

  5. Manage the Risks

  A major part of your success depends on your ability to manage the risks, by not falling to the mistake of trading the market with aggression. Often, it is the aggression that can lead to huge losses, regardless of how good and deft you are at reading the market, devising a strategy, and making trades. At the forefront of every trade, you should make it a point to remember the 2% risk management policy. This means you should never risk any more than 2% on a single trade. As long as you remember to do that then you should be fine.

  6. News

  The news is highly influential in the forex trading game. For this reason, you should learn to read the daily broadcasts and make a point to always be kept in the loop of what is happening around the world. Nevertheless, it is always important to carry out in-depth technical analysis, while pairing that with current events and news updates. In order to do so at the highest level, you should keep in mind the bigger picture, by taking note of how trading and prices react to different market changes.

  By learning to hone these 6 important skills, you will be more than ready to take on the foreign exchange markets and possibly even make yourself a large profit as a successful Forex trader. These skills can make or break your forex trading endeavor so take the time to master before you dive right in. And remember to always start with a demo account, as it can teach you what books cannot.

5 idées extraordinaires qui vous permettent de faire fortune comme les traders pros !



1. Ne mettez pas trop de temps dans les analyses de marché

  L'origine des bénéfices est le système de trading mûr, qui évalue la quantité des résultats de rentabilité avec la haute possibilité et le ratio profit/perte. Face à des graphiques lucratives, les traders pros peuvent toujours bien repérer les stop-loss, les take-profit et les signaux de trading dans une minitue. Les bénéfices continus ne dépendent pas des analyses de marché.To get more news about trading, you can visit wikifx.com official website.

  2. Ne dépendez pas des EA

  La création d‘un EA excellent requiert souvent la coopération efficace entre une assez forte équipe de recherche et de développement et des traders pros Forex ayant des expériences enrichissantes. Il est peu possible d’en obtenir un sans des canaux et argents.

  Ainsi, le marché est toujours en variation. Il n'y a aucun programme informatique valable à long terme. Le cerveau reste le meilleur outil de trading.

  3. Les fondamentaux ne sont pas si importants

  Les traders pros ne dépendent des fondamentaux, car toutes les variations se reflètent préalablement dans les prix du marché.

  4. Ne soyez pas influencé par des “experts”

  Les graphiques se permettent de montrer des informations suffisantes. Par conséquent, croyez aux graphiques au lieu des paroles des “experts”, qui peuvent avoir des effets sur vos décisions de trading.

  5. Ne faites pas trop attention aux résultats

  Le succès d‘une certaine méthode ou théorie n’est qu'un taux de possibilité. Trop de concentration sur les résultats pourrait vous pousser dans une situation dangereuse. Une mentalité de trading simple, et des stratégies de trading faciles et efficaces, pourront vous fournir des bénéfices en continu.

  Toutes les expériences réelles des traders professionnels pendant 20 ans, se trouvent dans l'APP WikiFX ! Cliquez ici pour télécharger : https://cutt.ly/WikiFXfr (Android) /https://bit.ly/wikifxFRiOS (iOS).

日本の規制について-その5-為替取引サービスに関する日本のライセンス


日本で金融サービスを提供する際に、金融商品取引法に基づいて、金融庁(Financial Servies Agency)で登録を受けないといけません。To get more news about 金融規制, you can visit wikifx.com official website.

  登録について、業務内容により4種類があります。

  *証券業、金融先物取引業等:金融商品取引業者(第一種業)

  *ファンド売買業、信託受益権販売業等:金融商品取引業者(第二種業)

  *投資顧問業:金融商品取引業者(投資助言・代理業)

  *投資運用業:金融商品取引業者(投資運用業)

[WikiFX]金融規制-日本の規制について-その5-為替取引サービスに関する日本のライセンス.jpg
  個人投資家は、為替証拠金取引(FX)を行う際に、金融商品取引業者(第一種業)の登録業者が必要です。登録状況については、財務局のウェブサイトから確認することができます。

[WikiFX]金融規制-日本の規制について-その5-為替取引サービスに関する日本のライセンス.jpg
  また、金融庁は「金融商品取引業者等向けの総合的な監督指針」を作成、定期的金融商品取引業者で検査等を行います。検査結果により金融商品取引業者に対する勧告や、行政処分などを行い、日本の投資家を守る重要な役割を果たしています。

4 Tipe Traders, Kamu Yang Mana?


Setiap manusia itu memiliki karakteristik yang berbeda, begitu pula dalam trading. Berikut 4 jenis trader yang berdasarkan cara ia trading. Kamu tipe yang mana?To get more news about Tipe Traders, you can visit wikifx.com official website.

  4 JENIS TRADER

  Ada 4 Kategori Trader Yang Kita Harus Tau ?

  ☑️ Scalper

  Adalah trader yang menahan posisi trade mereka dalam waktu yang singkat , biasanya mereka tidak akan biarkan satu posisi trade terbuka lebih dari 20 menit.

  ☑️ Intraday

  Trader jenis ini adalah trader yang suka buka dan tutup posisi dalam hari yang sama, contohnya posisi trade buka jam 10 pagi dan posisi ditutup jam 5 sore pada hari yang sama.

  ☑️ Swing

  Trader jenis ini melihat sentimen ekonomi dan mencari posisi yang TERBAIK! Biasanya mereka akan menahan posisi mereka beberapa hari ataupun minggu. Mereka tidak mau meluangkan waktu terlalu lama di depan chart.

  ☑️ Position trader

  Mereka jenis yang melihat trend market yang besar (berbulan) dan kebergantungan mereka hanya pada fundamental value sebuah trade. Gabungan Teknikal hanya digunakan untuk membuat penentuan posisi yang TERBAIK!

ด่วน! โบรกเกอร์ Forex 5 รายถูกระงับใบอนุญาตในสัปดาห์นี้


  WikiFX
‘แอปตรวจสอบโบรกเกอร์ Forex ทั่วโลก’
กลับมาประกาศรายชื่อโบรกเกอร์ที่มีการเปลี่ยนแปลงใบอนุญาตกันเช่นเคย
ต้องบอกว่าเรื่องใบอนุญาตเนี่ยเป็นเรื่องที่ต้องเกาะติดเลยนะ
เพราะนี่เป็นสิ่งที่จะการันตีความปลอดภัยภายใต้การกำกับดูแลที่ถูกกฎหมายของโบรกเกอร์
Forex ที่คุณลงทุนด้วย
หากมีการถอดหรือเปลี่ยนแปลงใบอนุญาตนั่นหมายความว่าโบรกเกอร์นั้น ๆ
มีความผิดปกติบางอย่าง ซึ่งอาจนำความเสียหายมาให้
สัปดาห์นี้การเปลี่ยนแปลงมากถึง 5 โบรกเกอร์ จะใช่ที่คุณลงทุนด้วยรึเปล่า
ไปดูกับ.To get more news about โบรกเกอร์ Forex, you can visit wikifx.com official website.

  โบรกเกอร์
Forex จากประเทศจีน ถือใบอนุญาต 2 ใบจาก FSPR ของนิวซีแลนด์ และ NFA ใน
สหรัฐอเมริกา แต่พบว่าใบอนุญาตทั้ง 2 ใบมีแนวโน้มเป็นอนุญาตปลอม
ทั้งนี้พบว่าไม่มีซอฟต์แวร์ MT4/5 ที่ถูกต้อง
และจากการสำรวจสำนักงานที่ตั้งก็พบว่าไม่มีอยู่จริง จึงได้คะแนนจาก WikiFX
ไปเพียง 1.42/10 ถือว่ามีความเสี่ยงมาก

2. Bright

  โบรกเกอร์
Forex จากสหราชอาณาจักร เคยถือครองใบอนุญาตจาก FCA
แต่จากการกระทำที่เกินขอบเขตของการกำกับดูแล และสถานะของข้อบังคับไม่ปกติ
ทำให้ขณะนี้ถูกเพิกถอนใบอนุญาตไปแล้ว ทั้งนี้พบว่าไม่มีซอฟต์แวร์ MT4/5
ที่ถูกต้อง และได้คะแนนจาก WikiFX ไปเพียง 1.45/10 เท่านั้น โปรดหลีกเลี่ยง
3. Mont Pierre

  โบรกเกอร์
Forex ที่จดทะเบียนในสหราชอาณาจักร แต่ถือครองใบอนุญาตจาก ASIC
ในออสเตรเลีย และในขณะนี้โดนเพิกถอนไปแล้ว ทั้งนี้พบว่าไม่มีซอฟต์แวร์
MT4/5 ที่ถูกต้อง และจากการสำรวจสำนักงานที่ตั้งก็พบว่าไม่มีอยู่จริง
จึงได้คะแนนจาก WikiFX ไปเพียง 1.30/10
โปรดระวังความเสี่ยงที่อาจจะเกิดขึ้น
4. King Fraser

  โบรกเกอร์
Forex จากนิวซีแลนด์ ถือครองใบอนุญาตจาก FSPR
แต่พบว่ามีแนวโน้มเป็นอนุญาตปลอม จึงไม่มีการควบคุมดูแลอย่างมีประสิทธิภาพ
และได้คะแนนจาก WikiFX ไปเพียง 1.41/10 เท่านั้น
โปรดโปรดใช้วิจารณญาณในการตัดสินใจ
5. OrangeFX

  โบรกเกอร์
Forex จากวานูอาตู ถือครองใบอนุญาตจาก VFSC และในขณะนี้โดนเพิกถอนไปแล้ว
ถือว่าไม่มีการควบคุมดูแลอย่างมีประสิทธิภาพ และได้คะแนนจาก WikiFX ไปเพียง
1.80/10 เท่านั้น
โปรดระวังความเสี่ยงที่อาจจะเกิดขึ้น  การถูกเพิกถอนใบอนุญาต
มักมีสาเหตุจากพฤติกรรมที่ผิดปกติของโบรกเกอร์ Forex ที่ โดยเฉพาะปัญหา
‘การฉ้อโกง’ การนำเงินของนักลงทุนไปใช้ผิดวัตถุประสงค์
หรือไม่สามารถรักษามาตรฐานตามกฎระเบียบของหน่วยงานกำกับดูแล
ดังนั้นก่อนลงทุนจึงควรตรวจสอบใบอนุญาตให้ละเอียดก่อน ดาวน์โหลดแอป WikiFX
เพื่อตรวจสอบใบอนุญาตโบรกเกอร์ Forex ทันที ง่ายและฟรีที่นี่ที่เดียว

  ถ้าโดนโบรกเกอร์
Forex โกงมาแนะนำให้คุณเข้าไปที่ การเปิดเผย ของแอพ WikiFX
เพื่อแฉโบรกเกอร์ อย่าปล่อยให้คนโกงลอยนวล ยิ่งคุณแฉโบรกเกอร์จะยิ่งกลัว
รีบบบบเลย

1. FXCM mở rộng sản phẩm cung cấp Social và Copy trading

  Sàn FXCM đã thông báo công ty đã mở rộng cung cấp giao dịch Forex và CFD với việc giới thiệu dịch vụ Social và Copy trading.To get more news about tin tức broker Việt Nam, you can visit wikifx.com official website.

  Theo thông cáo báo chí chính thức, FXCM đã hợp tác với ZuluTrade cho các dịch vụ mới ra mắt. FXCM nhấn mạnh sự phổ biến ngày càng tăng Social và Copy trading trong giao dịch cá nhân. FXCM đã đề cập rằng khách hàng của họ có thể sao chép các tín hiệu và chiến lược của nhà giao dịch có hiệu suất cao, có kinh nghiệm hơn. FXCM gần đây đã mở rộng cung cấp sản phẩm của mình thông qua việc giới thiệu bảy cổ phiếu mới.
Nhà môi giới đề cập rằng nền tảng Social và Copy trading mới ra mắt xác định thứ hạng về hiệu suất của nhà giao dịch, giúp khách hàng dễ dàng xác định nhà giao dịch thành công.

  Brendan Callan, Giám đốc điều hành của FXCM, cho biết: “Khi bắt đầu sự nghiệp giao dịch, việc tạo ra một chiến lược ban đầu thường có vẻ quá sức. Sự biến động của thị trường, sản phẩm giao dịch và tâm lý e ngại rủi ro là tất cả những yếu tố mới để khách hàng cân nhắc khi khám phá các chiến lược tạo lợi nhuận. Social trading mang đến cho khách hàng một sự lựa chọn tuyệt vời, đặc biệt là khi bắt đầu giao dịch. Bằng cách theo dõi một Nhà giao dịch độc lập, khách hàng có thể xem hiệu suất của Nhà giao dịch trong một khoảng thời gian và đưa ra quyết định sáng suốt trước khi chia tay với số tiền của họ. Chúng tôi đã giúp khách hàng tin tưởng vào chiến lược đã chọn của họ dễ dàng hơn bao giờ hết.”

  2. Tập đoàn NAGA đạt doanh thu kỷ lục trong Quý 1 năm 2021

  Tập đoàn NAGA đã báo cáo kết quả sơ bộ chưa được kiểm toán của quý đầu tiên của năm 2021 và doanh thu tăng mạnh với tổng doanh thu tăng 69% lên 13,7 triệu đô la trong quý 1 năm 2021, so với 8,1 triệu đô la trong cùng kỳ năm 2020.  Theo thông báo chính thức, tổng khối lượng giao dịch vượt hơn 70 tỷ đô la, tăng 155% so với quý 1 năm 2020. Ngoài ra, NAGA Group đã báo cáo một bước nhảy vọt đáng kể về tài khoản mới khi cghi nhận thêm 93.000 tài khoản vào quý 1 năm 2021, so với 16.000 trong Q1 năm 2020. NAGA Group hiện có hơn 1 triệu tài khoản đã đăng ký. Công ty nhấn mạnh mối quan tâm ngày càng tăng đối với Copy trading khi hơn 1,4 triệu giao dịch được sao chép trên nền tảng NAGA, tăng 475% so với 0,27 triệu Copy trading trong quý đầu tiên của năm 2020. Benjamin Bilski, Giám đốc điều hành của NAGA, cho biết: “Chúng tôi hài lòng với kết quả Q1 và đặc biệt là với các chỉ số tăng trưởng. Chúng tôi thấy mức tăng trưởng ba chữ số trên các chỉ số cốt lõi của mình. Kể từ khi tái cơ cấu vào năm 2019, chúng tôi đã đạt được mức tăng trưởng quý thứ 9 liên tiếp với quý I năm 2021 là quý mạnh nhất trong toàn bộ lịch sử công ty của chúng tôi. Nó khẳng định rằng năm 2020 mới chỉ là bước khởi đầu trong câu chuyện tăng trưởng của chúng tôi. Hoạt động kinh doanh giao dịch xã hội của chúng tôi đang phát triển rất mạnh mẽ và rõ ràng chúng tôi đang mở rộng lợi thế cạnh tranh của mình để làm nổi bật đặc điểm FinTech và tập trung vào trải nghiệm người dùng của chúng tôi.”

Tập đoàn NAGA đã đề cập trong thông cáo báo chí chính thức rằng công ty đang có kế hoạch mở rộng sự hiện diện trên toàn cầu với việc mở văn phòng địa phương mới tại Việt Nam. Hơn nữa, NAGA đang tích cực chuẩn bị để thâm nhập thị trường Úc. NAGA đã đệ đơn lên OTC Markets Group để cổ phiếu của công ty được giao dịch chéo công khai trên Thị trường mạo hiểm OTCQX.

  3. OANDA hoàn tất thủ tục mua lại TMS Brokers

  OANDA đã thông báo hoàn tất việc mua lại Dom Maklerski TMS Brokers SA (TMS) tại Ba Lan. Quá trình mua lại TMS được bắt đầu vào tháng 9 năm 2020.

  Theo thông báo chính thức, TMS là nhà môi giới lâu đời nhất ở Ba Lan và thương vụ mua lại gần đây đại diện cho khoản đầu tư thứ hai của OANDA vào Ba Lan trong năm ngoái. OANDA đã thành lập một trung tâm dịch vụ chia sẻ ở Krakow vào năm 2020.

  TMS hiện đang cung cấp các dịch vụ tài chính khác nhau và cho phép khách hàng truy cập hàng nghìn sản phẩm tài chính bao gồm tiền tệ, chỉ số, hàng hóa, cổ phiếu, tiền điện tử và các quỹ trao đổi từ các sàn giao dịch lớn trên thế giới. Ngoài ra, nhà môi giới Ba Lan đang cung cấp một số công cụ giao dịch sáng tạo và tài nguyên giáo dục cho khách hàng.

  Gavin Bambury, Giám đốc điều hành tại OANDA, cho biết: “Việc mua lại TMS đánh dấu sự khởi đầu của một kỷ nguyên tăng trưởng mới thú vị cho OANDA, tạo ra quy mô tại thị trường Ba Lan đồng thời cho phép chúng tôi mở rộng hơn nữa dấu ấn của mình trong suốt Baltics và Đông Âu. Ngoài ra, việc mua hàng cũng sẽ cho phép chúng tôi tăng cường cung cấp dịch vụ đầu cuối, mang lại lợi ích cho khách hàng trên toàn thế giới. Chúng tôi rất mong được chào đón nhóm TMS đến với OANDA.”
OANDA đã nhận được sự chấp thuận của các cơ quan quản lý Ba Lan về việc mua lại TMS Brokers vào đầu tháng này. Cơ quan Giám sát Tài chính Ba Lan đã chấp thuận vô điều kiện cho thương vụ này. OANDA đang có kế hoạch mở rộng nhận diện thương hiệu tại Ba Lan với thương vụ mua lại và đã mở rộng dịch vụ của mình trong những tháng gần đây.

“Được hỗ trợ bởi một thương hiệu đẳng cấp thế giới và một di sản của sự chính trực, OANDA từ lâu đã kết hợp niềm đam mê đổi mới với công nghệ đột phá để mang lại trải nghiệm giao dịch trực tuyến mẫu mực cho khách hàng trên toàn thế giới. Do đó, chúng tôi rất vui mừng được gia nhập đại gia đình OANDA vào một thời điểm thú vị trong lịch sử 25 năm của công ty,” Marcin Niewiadomski, Giám đốc điều hành của TMS đề cập trong thông cáo báo chí chính thức.

Free Forex trading system that works



Financial markets shouldnt be traded without a sound tried and tested trading system, and ­­the Forex market is no exception. Making the right trading decisions and finding tradeable setups on the market all depend on the rules of your trading system. Without a well-defined system, entering the market would more resemble gambling than trading, which significantly increases the chances of blowing your account in the long-term.To get more news about WikiFX, you can visit wikifx.com official website.

  Given the importance of trading systems in Forex, let‘s cover what trading systems actually are and what the benefits of defining a trading system as a part of a comprehensive trading plan are. In addition, we’ll show you a simple Forex trading system that works, based on high-probability price action setups on higher timeframes. Lets get started.
A Forex trading system is a set of rules which define how youre trading the market. It should include all important points which could potentially affect your trading performance, such as a complete set of rules for identifying trade setups, risk and money management guidelines, types of analysis in changing market conditions, and a way of managing your open positions.

  A well-defined trading system is like a road map for the financial market. Without a map, you would likely be lost in the wilderness of erratic price movements and place trades based on emotion, rather than your ratio. Since trading is a highly analytical discipline, hitting the market without a map doesnt seem like a wise decision.

  Benefits of having a trading system

  Besides the set of rules which define all actions taken on the market, having a trading system also has some additional advantages which cannot be neglected. First and foremost, trading on strict and detailed rules as a part of a trading system prevents you from placing emotional trades and increases your discipline.

  Emotions, such as greed and fear, are well-known enemies of rational trading which often attack beginners – mostly those who dont have a detailed trading plan. As a result, greed and fear interfere with your trading decisions and cause you to chase the market for trading opportunities, even if no setups exist. Your mind will try to convince you to take a trade in the hopes of obtaining potential profits, without taking into account the risks associated with the trade. Fear, on the other hand, often leads to closing a profitable position too early and letting your losers run, in the hopes that the price will reverse to break even. When using a trading system with strict rules, these mistakes can be easily avoided.

  Trend-following trading system on higher TFs

  One of the best Forex currency trading systems are trend-following systems which aim to take trades only in the direction of the underlying trend. This way, riskier counter-trend trades based on price corrections can be avoided, and price corrections are only used to enter with a market order when prices are relatively oversold during uptrends, or relatively overbought during downtrends.

  This system uses higher timeframes, such as the 4-hour, daily, and weekly timeframes, and utilises a multi-timeframe analysis to identify the overall market trend.

  Chart patterns are also an important part of the system, since these patterns are often used to find tops and bottoms of trends and to identify potential trend continuations.

  To enter with a long position, all three timeframes (weekly, daily, and four-hour) need to align and to show an uptrend. This might require some experience, as some of the timeframes may contradict each other, even though the overall trend is still intact.

  1) The weekly timeframe needs to form higher highs and higher lows during uptrends, and lower lows and lower highs during downtrends. The weekly timeframe is only used to identify the overall trend in a currency pair, not to spot entry and exit points.
  2) The daily timeframe needs to show a tradeable setup, based on price action tools such as channels, trend lines and chart patterns. All of the tools should confirm a trade in the direction of the overall trend, as shown on the weekly timeframe. Fibonacci retracement tools also play an important role in this system, as we want to buy low and sell high. Multi-timeframe analysis is extremely important, as an uptrend on higher timeframes may look like a downtrend on shorter timeframes.

If the daily chart is in a downtrend, but the weekly shows an uptrend, make sure to draw a Fibonacci retracement tool to identify the potential levels where the correction might end on the daily timeframe. Everything between the 38.2% and 61.8% Fib retracement levels can be a good point to enter in the direction of the overall trend.

  3) Finally, zoom-in to the 4-hour chart to find potential entry and exit levels for the trade, as well as stop loss levels. Recent swing highs and swing lows, horizontal support, and resistance levels, channels, and trend lines (from the daily timeframe) can all point to levels to enter into the trade. Since a complete trading system also factors in risk and money management, make sure that your trade setup returns a satisfying reward-to-risk ratio of at least 1 or preferably higher.

6 Strong Skills That’ll Help You Become a Successful Forex Trader



  If you are looking to become a successful forex trader, then you must know that, before this can happen, you need to hone your trading skills. This is predominantly achieved through regular practice and discipline. Additionally, traders should always analyze each and every trade. This allows them to understand what drives their trades, and learn to maintain a cool and unaffected demeanor. This is crucial since greed and fear can take a heavy toll on your trades. In essence, this is a key element that all traders can easily manage.To get more news about WikiFX, you can visit wikifx.com official website.

1. Do Not Take it Personally

  Forex trading is often regarded as one of the easiest ways to earn money, but although it is easy, it is not free of losses. The most important trait that can either make or break a forex trader is their ability to remain unaffected by the losses. Sure, losing money is awfully frustrating, but a traders success depends on their ability to endure that loss. By not taking it personally and remaining calm, you will spare yourself a lot of heartaches and avoid a lot of trouble. This unique ability also allows you to see with more clarity, thus avoid further losses.

  2. Understand Price Action Signals

  An exigent part of a forex traders success highly depends on their ability to use the price action signals. For traders to master this ability, they will first need to focus on the basic techniques. You will need to study the price reaction and follow the patterns. The best way to cultivate this skill is by testing all the knowledge you have acquired in a demo account, which the trading experts on this website encourage, as the practice will allow you to learn from your mistakes without doing any real damage. A direct example that speaks to the importance of practicing through a demo account is that golfers have a practice swing before playing a stroke. And this is even true for professional golfers, as you will need to warm up and put into practice your skills and knowledge before following through.

  3. Devise a Balanced Strategy

  A random and sporadic strategy is no strategy for a successful forex trader, and it will not work in this industry. Instead, take the time to carefully devise a balanced and thorough plan of action. By doing so, you can be making big profits, even after closing a trade with a substantial loss. Your strategy should typically allow you to find trades in any market condition. But in order for this to remain successful in the long run, you should get used to basing your strategies on the conservative methods.

  4. Incorporate the Fibonacci Trading Strategy

  Popular among the elite traders is this proven method, the Fibonacci trading strategy. It enables retail traders to earn enormous profits, while simultaneously minimizing the losses. That is why a successful trader should look to incorporate this method into the mix of strategies they use. You will need to take a few considerations regarding the trend-trading method. Mainly, you should look to focus on the endpoint of the retracement, seeing as it improves your opportunities before deciding to trade. With that said, look to entirely familiarize yourself with the Fibonacci trading strategy.

  5. Manage the Risks

  A major part of your success depends on your ability to manage the risks, by not falling to the mistake of trading the market with aggression. Often, it is the aggression that can lead to huge losses, regardless of how good and deft you are at reading the market, devising a strategy, and making trades. At the forefront of every trade, you should make it a point to remember the 2% risk management policy. This means you should never risk any more than 2% on a single trade. As long as you remember to do that then you should be fine.

  6. News

  The news is highly influential in the forex trading game. For this reason, you should learn to read the daily broadcasts and make a point to always be kept in the loop of what is happening around the world. Nevertheless, it is always important to carry out in-depth technical analysis, while pairing that with current events and news updates. In order to do so at the highest level, you should keep in mind the bigger picture, by taking note of how trading and prices react to different market changes.

  By learning to hone these 6 important skills, you will be more than ready to take on the foreign exchange markets and possibly even make yourself a large profit as a successful Forex trader. These skills can make or break your forex trading endeavor so take the time to master before you dive right in. And remember to always start with a demo account, as it can teach you what books cannot.

Swap-free Forex account: An Alternative for Muslim Traders



Today, there are various ways people can invest their money and earn more profits from it. One of these options is Foreign Exchange or Forex trading, which generally deals with buying or selling different currencies. In this kind of trading, people usually buy a certain amount of one currency and pay it with another currency. One of the financial options that can be done in Forex trading is the forward transaction, where two parties agree to exchange currencies at a certain time in the future with a fixed exchange rate that they agree upon. The forward transaction may also be done as a swap, in which both parties exchange currencies for a period of time and reverse it at the end of the period.To get more news about WikiFX, you can visit wikifx.com official website.

  In Swap, however, there is an amount of interest that needs to be paid. This is against Islamic teaching, in which someone is not allowed to pay or receive interests to or from other people. Meanwhile, Forex trading is open for everyone regardless of beliefs and background. Today, some Forex broker websites have introduced a new regulation to fulfill Muslim traders needs in relation to Islamic financial laws. This new regulation comes in the form of free-swap Forex account or also known as Sharia Forex account, in which its users are able to use Forex service features without having to deal with swaps or interests.

Common Features
  Depending on the provider, Swap Free Forex account may have different features. However, as it was stated above, this type of account generally does not let its users have to pay for interests which can happen in a certain forward transaction. There might be many Forex brokers that offer this account, but those who want to use it need to know the features of a good swap-free account. Related to its main purpose, there are some brokers that free users from interests, yet they widen the spread or move the interests to other kinds of fee. This is just the same with normal accounts and is not the sign of a good one. Another benefit of this account is that currency exchange can be held as long as users wish.

How to apply
  Again, this differs between one provider and another, but inquiring for a swap-free Forex account is not complicated. First, users just create a normal account and then validate the account through each providers method. After this step, they request for the particular kind of account to the service provider and they will get a free swap status on their account.

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