Forex open position

So now you have pulled the trigger and opened a position, and now you are in the forex market. Time to sit back and let the market do its thing, right? Not really. The forex market is not the role of the dice where you place your bets, and see the dice tumble, and simply take the results.

It is a powerful, fast-moving arena where new facts and price movements create new prospects and change earlier expectations.

We hope that you will follow our recommendations on always acting with a plan – indicate in advance where you should go and where you can close each transaction, both on a stop-loss and take-profit basis. Bottom line: you improve your overall chances of trading success (and minimize the risks) by systematically planning every transaction before you get caught up in the emotions and hype of the market.

Depending on the style of trading that you follow (in the short term versus medium to long term) and the general market conditions, depending on whether you are trending, you have more or less to do when managing an open position. If you follow a medium to longer-term strategy with generally wider stop-loss and take-profit limits, you may prefer to opt for the "Set it up and forget it" trade plan. But a lot can happen between the moment you open a transaction and prices that hit one of your trading levels, so it's always a good idea to stay at the top of the market, even for longer-term transactions.

Whichever trading style you follow, it always pays to keep up with market news and price developments as long as your transaction is open. Unexpected news can affect your position at any time. News is news; and you could not have planned it with regard to your trade plan, but for every news you may have to make changes to your trade plan at any time.

When we talk about making changes to the trading plan, we only mean reducing the overall risk of the transaction, by taking a profit (in whole or in part) or moving the stop loss towards the transaction. The idea is to be fluid and dynamic in only one direction: take a profit and reduce risks. Keep your original stopping place where you decided it should go before you entered the transaction.

5 ways Blockchain will transform the life of an ordinary man

With all the media on fire with news about the prices of cryptocurrencies, you can wonder how this affects an ordinary man. Blockchain technology is at the center of cryptocurrency and other digital currencies.

There are various industrial and administrative problems that the technology can solve for the common man. Do you have a small company, but do you often find that transparency is lacking due to traditional communication methods? Have you ever received a higher than usual medical bill? Is finding legitimate candidates a problem for you as an entrepreneur? These problems affect entrepreneurs, startups, small businesses, private individuals and Blockchain technology wants to offer solutions to make the life of an ordinary man much simpler through simplified solutions.

Bank

Banking in almost all countries is still very focused on paper-intensive transactions for money transfer, archiving or other back-end functions. Blockchain technology can replicate this in a digital format and create a decentralized ledger with which not only the bankers, but also the customers have access to a single source of information. With this system, banks can eliminate the risk of fraud, since asset documentation and proof of ownership can be digitally checked by bankers in the Blockchain ledger, which can be consulted at any time in an unchanging format.

Identity theft is also a major problem in the banking sector, where citizens' information is stolen and used to open fraudulent accounts for illegal activities. According to the Federal Trade Commission online complaint database, more than 13 million complaints were filed for card fraud and identity theft, of which 3 million were filed in 2016 alone. Through a blockchain system, customers can immediately view all accounts owned by their name and immediately notify their respective banks if they discover suspicious activity in their bank details. Some of the well-known examples are the Hyperledger Fabric project supported by IBM and the UBS Utility Settlement Coin.

healthcare

Blockchain technology can simplify healthcare in incredible ways and make medical data management much easier. By making patient records accessible on a large scale, research into the development of medicines can be much more convenient and the consequences of counterfeit medicines can also be limited. Clinical trials and their results can be made available in a decentralized network, allowing healthcare professionals and researchers to conduct research and find solutions for better healthcare. Accenture is one of the largest companies that have started offering innovative solutions for the medical sector for safe and fraud-free transactions.

Medicare fraud can also be reduced by blockchain billing management, as the billing system can be fully automated without any intermediary performing fraudulent activities. With more than 56 million people under Medicare from 2017, more than $ 1.3 billion has been scammed by the government through fraudulent activities through rehabilitation facilities and home care services. Blockchain systems can effectively protect citizens seeking medical help from healthcare providers who pay too much for services offered through fraudulent billing methods. The centralized data not only helps medical professionals to offer a treatment based on the history of the patient and his / her family, but it also eliminates the chance that a patient does not remember symptoms or conditions well in the past.

Public archives

One of the most important functions of a government in the field of civil administration is to register all information about its citizens. This includes information about individuals and companies with regard to their assets and activities. Most of the information recorded is recorded in paper databases, making data management extremely difficult even in developed countries.

Blockchain-based systems such as Ubitiquity can encode all public data in a digital ledger to prevent data about citizens being changed for fraudulent activities. Identity theft is a problem that can be very difficult for the administration to handle and digitizing all public information to make it fraud-proof can help prevent such cases of criminal activity.

mood

One of the biggest limitations of the voting system in almost every country is that even today voters must be physically present at polling booths to cast their votes and make things difficult for people traveling on ballot box days. More importantly, there are no means to verify the survey results for the average citizen.

Blockchain development companies such as Followmyvote come up with solutions that make online voting a reality. It will enable citizens to make accurate information about the state of the survey and results and various other statistics public. It also leads to safer voting for citizens of countries in internal or external conflicts and criminal activities to force citizens to vote for specific candidates can be completely avoided.

Hire business

Companies of all sizes find it difficult to find the right staff. Blockchain technology makes it possible for companies to verify login data of all applicants via a digital database. Blockchain technology can be used to create a decentralized database of professionals with verified qualifications in a secure ledger that companies can refer to for hiring candidates. Learning Machine is a company based in New York that wants to address this problem and focuses on registering verifiable information about employees.

Tax or work-related fraud accounts for 34% of all identity thefts from 2016, and a blockchain system makes the recruitment process much safer for any company because a company only has access to valid candidates, reducing the risk of hiring fraudulent employees. It also helps applicants by speeding up the recruitment process and helping them find jobs for which they are eligible and have a hassle-free application process.

The use of blockchain technologies helps both individuals and companies, and it also protects personal information while making important data publicly visible. Although blockchain has the best application in cryptocurrency, its use can also be spread to other sectors to offer meaningful solutions to citizens around the world.

3D Blockchain application platforms

3D blockchain application platforms are now available. These are projects that have been developed using a cryptocurrency. The program is regulated by the use of different types of cryptocurrencies. If you have a small business, it is possible to give very interesting presentations to manage projects in a more impressive and efficient way, only by using such programs. This means that you can better manage various business services or even a store.

Why use 3D blockchain

The most important reason why this kind of program is created is to make it easier for people who do not have any knowledge of IT. As a result, they do not need to use a compilation code that can be very labor-intensive and difficult. If you have an open, secure 3D blockchain application platform, you can achieve so much more, even with minimal knowledge.

Most projects are aimed at providing assistance to the community. The projects are aimed at helping different people who do not have sufficient financial resources. These are companies that struggle a lot to compete with the key players in the field. The large companies are willing to steer as much as possible in things such as advertisements and so on. This means that they can reach a larger audience. They have limited resources for small businesses and this means that they have difficulty achieving any desired growth. Maintaining a field becomes difficult for smaller companies. This is what the 3D platforms are made of.

How they work

Users can communicate with the 3D blockchain applications. They can communicate in a direct way. Users can share different ideas, shop, order takeaway and play games without having to turn off virtual reality headsets. This is because all applications and games within the 3D platform are all compatible.

The platform offers a space where the creation of decentralized applications is made possible. This relates to store management and services and these are unlimited. Every user has the freedom to choose a project that interests him. The 3D world allows them to communicate in a simple and direct way to share all the ideas you have without any hassle. It is possible to shop, play games and place different orders.

Benefits for companies

The 3D blockchain helps business owners who are not technically skilled and those who do not know too much about IT or even information technology. This makes it very efficient to have the 3D platform that helps them reach a large population of their customers.

The most important advantage for the company is the fact that they do not have to take too much time when writing projects. There are very few steps that can be followed to choose the right template for projects. You can publish and manage your business in no time.

These platforms have a number of advanced functions, including privacy, encrypted messenger, social networks and transaction blocks.

Profitable Forex trading system – 100 percent profit rate with only 10 pips a day?

Introduction

So you were dealing with confusing trade indicators and trying to understand the different news items and what they all mean. Suddenly you are hit with a brain wave: "If I take 10 pips out of the market every day and keep achieving a 100% win rate, then it's easy to make money with Forex!" It all sounds very simple and simple in theory, but is such a system really viable? Unfortunately, it's not that simple, but at the end of this article you know how to make real money in Forex.

The problem with such a simple trading system

It is a common myth in Forex that you need a high profit rate to achieve a permanent Forex trading income. Forex robot marketers are very good at playing the fantasy of a high winning percentage system, and often advertise 90% or even 95% profit percentages in their advertising material. The truth is that you don't need a high rate of profit in the long run to make money in Forex. In fact, the more profitable Forex trading systems usually have a profit rate of just 40-60%.

Another feature of profitable Forex trading systems is that they often have much larger profits than losses. That is how they make up for a lower percentage of profit. It really makes no sense to trade for small profits because you need as much profit as possible to pay for the inevitable losses that you will encounter. If you limit your profit to 10 pips a day, you will sooner or later encounter a loss of 50 pip or even 100 pip and you will wipe out profit for weeks.

How to earn real money in Forex

Of course there is no loss-free Forex robot, so forget 100% profit and 10 pips a day. That is a formula for failure and disappointment in your trade. If you do not do well in your trade and you lack a proven, profitable Forex trading system to earn a consistent Forex trading income for you, then you can make the best use of someone else's experience in the markets. That means identifying a profitable system through research and due diligence. It takes time to find one, but it is definitely worth it.

The key to making money in Forex is to have a proven, profitable Forex trading system and apply a solid money management strategy to create a lasting Forex trading income. So don't waste your time chasing after impossibly high profit rates or small profits, because your time is spent much better on trading with a proven, profitable system.

Trade ETF funds for gold, silver, oil and natural gas

Commodities and stocks have been set on fire in the last two weeks and I think it might be time to breathe things out. Although I will stay for a long time, it is safe to take some money off the table to make a profit. If we look at the graphs quickly, we can see that the chances indicate a kind of break or withdrawal in the coming days. I think we can see a profit every day now.

Gold ETF Trading – GLD
The Gold ETF is one of my favorite commercial vehicles. By using simple trend lines and looking at the recent price promotion, you can see that the gold price is ready for a pullback. Buying at this level is chasing and that generally means that you buy at the high and panic at the low.

Silver ETF Trading – SLV
The silver ETF appears to be in the same boat as gold. I expect to see some lateral price action or a pullback.

Natural gas ETF Trading – UNG
The Natural Gas ETF has certainly given everyone a wild ride in the last 6 months. The bear market is still present, which can be seen on the daily chart. So far this week the price has been broken down and traded at the support level of $ 11. This fund can generate a buy or sell signal with my trading model in the coming days, so I am waiting for a clear entry and exit point before I jump on the gas truck.

Crude oil ETF trade – USO
The crude oil ETF has broken out above its resistance trend line this week, but is still struggling to rise above the August high. The volume decreases while the price rises, which is a bearish indicator. USO seems ready for some kind of withdrawal because it digests this outbreak before it gets higher.

Mid-Week GLD, SLV, UNG, USO ETF trade report
What does the general public hear and think of the stock market?
From recent emails, local financial news shows, family, friends, etc … I only hear how strong the market is. Indexes reach new annual highs and corporate earnings are better than expected this quarter. Sounds like all we have to do is buy and life will be great!

Well, in my opinion, the market is the perfect tool to mislead and frustrate the general public. All my indicators tell me that we need more correction before we score much higher. The market (smart money) generally expects good and bad news a few weeks or even a month in advance. So the question is:

Are corporate profits already priced in the market? Does all this positive market coverage get the general public to buy here at this possible market top?

The answer is, only time will tell. Nobody knows for sure what the market will do, but movements in the short term can be predicted with relatively high accuracy. Don't get me wrong, I'm still optimistic on the market, but with all this good news becoming public information, you have to wonder what the next step is. I am still on the market for a long time, but cut my positions to make a profit and still stay in the game.

Currency trading via online Forex brokers

Access to foreign currency (forex), the most extensive market in the world, is generally through an intermediary known as a forex broker. Just like with a stock broker, these agents can also provide advice on forex trading strategies. This advice to customers often extends to technical analysis and research approaches designed to improve the trading performance of customers forex.

Financial institutions are generally the most influential on the forex market due to large volume forex currency transactions. Historically, banks enjoyed monopolistic access to forex markets, but via the internet any forex speculator can also access the market 24 hours a day through a forex broker.

Thanks to secure web connections, many forex traders can now work from home, where direct access to news and other technical advice provides information about which forex positions to take. Similar movements are made by stock brokers, who also step out of banks and other traditional institutions.

Your needs in the market will influence your choice of forex broker. Online forex brokerage firms, also known as houses, offer newcomers to the forex market detailed research, advice and simulators to learn how to use their forex trading tools. The experienced online forex trader is provided by other brokers, with in-depth advice, but less focus on forex trading instructions based on the assumption that you are familiar with the forex market. To make an informed choice, it is advisable to try out various online forex brokerages and their trading tools to find the best choice for your needs.

The 7 deadly sins of a forex trader – and how you can avoid them

Let's do it right away. There is a good chance that you have committed one (or more) of the following trade violations.

1. Act without stops and take a profit

– Many Forex Traders recommend using a mental stop loss. But how many of you actually follow that stop loss? When the price comes, do you close or do you hope it returns in your favor?

NEVER trade without a HARD stop loss.

2. Money management

– Almost every trader I met has achieved a much greater stop loss than the target profit target. I have learned (and found) that a 1: 1 (or better) risk / return ratio is actually possible. You only have to win a little more than half of your transactions and you will still earn money. The catch is finding a system, strategy or signals that can.

3. Act before, during or after an important news event

-The liquidity around news events is very volatile. Although you can sometimes be lucky and earn a few hundred pips, you will often be on the wrong side of the trade, or worse, called the margin.

My tip: I learned not to trade 30 minutes before or after a news event … This is the safest way to protect your capital …

4. Trading on the weekend

– Have you ever exchanged on a Friday and got stuck at the weekend? And then, on Sunday, when the market reopened, did you notice that the trade became ominous, causing you huge losses or, at worst, margins? My tip: do not trade on Friday!

My tip: if you are a day trader, make sure you close ALL positions before the market closes on Friday.

5. Listen to Daily Broker Commentary

-The most important intention of a broker in giving advice is to push their own positions. This may mean that they will trade the opposite of the news to take your liquidity; or they may just need more people to add to their own prejudice.

My tip: don't get too excited about tips from brokers. Most will not help you. They can even harm your chances of a successful trade.

6. Minimize your emotions.

– Too many traders trade countless demo accounts and never really get the feeling that they are trading their own money. They then earn a lot of "play money" on their demo accounts. Then they try to trade their own money. They think that the way they dealt with their demo will have the same success on their live accounts. Unfortunately, most traders ignore their emotions and act completely differently than when they started trading their demo accounts.

My tip: start with an amount of venture capital equal to only / only 10% of what your entire capital is. Never trade in a demo for too long. For example, if you have $ 10,000 in total venture capital, invest only $ 1,000 in your Forex trading account. Then trade the $ 1000 a little more aggressively, because you don't have to worry so much (you still have $ 9,000 to trade if you blow up your entire account).

This will help to consolidate your emotions and make you a better trader faster than any e-book or coaching system. Understanding and managing your physical and mental emotions are the key to your Forex Trading Success.

7. Spend a substantial investment on a Forex mentor

You do not have to spend thousands of dollars on initial investment to a professional Forex trainer or mentor, even if he or she is a professional, honest IS and trades a full time life online. I have now swapped a little more than a month (free) with Mike Swanson. I have found that cheaper, more profitable options are available. I own Free4xLesson.com. I have a live trading space, weekly webinars on a range of Forex topics, and I trade live accounts ranging from $ 1000 to $ 10,000 almost every day of the week), and I've even had the opportunity to network with some of the other traders who have come.

Send me a message on Free4xLesson for fun if you have ever made one (or more) of these 7 errors before …

5 Forex Trading Tips you should know in 2019

This article gives you some new Forex trading tips. You get 5 tips that can help you to be successful as a trader in 2019. If you are a new trader, this field can be a bit overwhelming for you. After all, not knowing the rules cannot help you succeed. The good news is that our tips are aimed at beginners. So if you are just starting out, view the instructions below.

1. Go with a wise broker

First make sure you work with the right broker. An easy way is to read reviews and take into account the recommendations of others. Also make sure that you go with a professional that matches your personality and is reliable. Keep in mind that there are many fake professionals. Ideally, you may want to choose a licensed broker.

2. Put together your own strategy

No matter how many Forex trading tips you have, if you don't have a solid strategy, you can't get anywhere. Making a strategy is even one of the most common mistakes that most beginners make.

What you have to do is determine your goals. Having a clear goal will help you during your journey.

3. Learn step by step

Like other fields, trade requires that you start step by step until you get the know-how from this company. What you have to do is stop in small quantities and see how it goes. Investing a huge amount in the beginning is a bad idea.

4. Control your emotions

Make sure you don't get carried away by your emotions. Sometimes it can be very difficult, especially after you have suffered a loss. However, if you keep your emotions under control, you can make the right choices.

Becoming emotional increases the risk of making the wrong decisions. We therefore recommend that you control your emotions.

5. Don't let stress take over

Just like emotions, stress can cause you difficulties. In other words, if you are under a lot of stress, you can ultimately make irrational decisions that can cost a lot of money. We therefore recommend that you identify what causes you stress. After the sources are identified, try to eliminate them.

If you are under stress, take a deep breath and pay attention to something else. After a while you learn the art of managing your stress. Listen to your mind and discover what can work best for you.

To make a long story short, you may not want to scare this trade off of you. You don't want to give up, no matter what. You may want to take into account that forex trading success depends on how prepared and determined you are. So you have to learn to be disciplined if you want to achieve success. Hopefully these tips will help you get ready and get the best results.

4x and Forex signal services

Forex trading is a great way to make money quickly. Do you need to know everything about the market before you start making money? No, you're really not like that.

The Forex industry, however attractive the market is, is going in the wrong direction. Many Forex services, whether they are brokers, signal providers or just general Forex websites, do their marketing in a totally ineffective way and prevent themselves from making a profit, or at least make a smaller profit than they could have made .

Too many people have a negative impression of the Forex industry and associate it with dark markets, and not with the serious global markets with which to compare Forex. If someone is to blame for this, it is the Forex players themselves.

Before we talk about some steps that Forex companies should take, let's examine what the Forex companies are doing wrong. If you look at the average broker or service provider on the Forex market, you generally see one thing in common. They all promise immediate and large-scale results. This is of course false and misleads people, which ultimately causes a bad name for Forex as an industry.

Forex is not a magic solution and in general no one becomes the next Bill Gates to trade by Forex overnight. Yes, it is the largest market, yes, 3-4 trillion dollars are traded daily on the Forex market, but you will almost certainly not see any of that money without preparing before you jump into it. Learn the market, study the charts, understand the financial news and watch the experts and the Forex signal service. These are just some of the basic advice I would give a new trader.

Do automated forex trading systems really work?

With the increasing popularity of Forex trading, more and more traders are starting to show interest in this field. Foreign exchange trading has reached great heights with the advent of automated Forex trading systems.

Do these automated robots live up to their expectations? Do automated Forex trading systems really work? The answer to all these questions is yes, provided that you have a basic knowledge of the Forex trading system.

Here is a brief summary of how these automated systems help people make real money with their trade.

It is no wonder that forex trading has been a profitable basis for many traders. But the shocking news is that only 5% of traders get a significant amount of profit from their trade. An incorrect analysis of the trend in the market and poor strategies are the main reasons that people lose money in this area.

To help people in this regard, automated Forex trading systems are available in the market. Also known as Forex Robots, these systems use the power of the internet and the knowledge of experts to assist you in trading foreign currencies.

These systems have sufficient intelligence to guide you on the right path. These systems work 24 * 7 and can also analyze the currencies of different countries and in different time zones.

These robots are designed so that no special efforts on your part are required to operate them. So buy your Forex robot quickly and start filling your pocket with the profits from your trading.