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Showing posts from December, 2020

Forex trading: Gold trading strategy

  Gold trade is always a risk able factor. It is very hard to predict the right time for the gold trade. Gold trade is profitable only for the professional trader. A beginner can get some profit from gold trade but at the final time, they always a loser. Gold price increase Or decrease  factor: 1.       USD price: Both USD and gold trade as a base currency.If USD price decrease for any report or any political matter like an election or any disease report like COVID-19, Gold price increase. Because most of the investor buy gold as an alternative currency. Alternatively,  when the USA different financial report comes positive and USA political situation in good condition, Gold price decrease. 2.       Condition of the world: Any unstable condition for any reason (like War, Disease) increase the gold price because investor buy gold as a safe investment . Alternatively when the world come...

Which Currency pair is more suitable for forex trading?

All pair with USD is comparatively low volatile than exotic pair for forex trading. The main reason is easy to understand the pair movement and low volatility. But be careful about EUR/USD pair.  Euro is a currency of European union. That means the Euro is a currency which uses in many countries. If any good or bad news comes from any European country, Euro moves reversely. So that it is very difficult to predict the Euro condition. But other all currency pair with USD is comparatively easy to understand. In all USD pair, GBP/USD is more volatile pair. So without EUR/USD and GBP/USD you can trade any USD pair. But USD/JPY is more suitable.

Why verification is too much important for Forex Trading?

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For Forex trading, you need to complete the verification process for a forex broker and Payment method. Ensure verification before depositing any money in forex. Without verification, the Forex broker cannot provide withdraw permission. So verification is the most important factor. For verification process you need Mobile number:  A code comes in your mobile and after confirming this code, you can verify the mobile number. Email Address:  A code sent to your email address and after confirming this code, you can verify the email address. ID Verification:  For Id verification, you need to submit national id card or passport or driving license. Address verification:  For address verification, you need to submit utility bill means water bill /electric bill or bank statement. Additional verification:  After Mobile, email, id, address verification you can deposit or withdraw money. But some forex broker or online payment method want to know about your occ...

8 Secret rules you should need to know before start for Forex trading:

1. Money Management:  Money Management provides big security for your fund. Without proper money management, you can get profit but it doesn’t last in a long period. Very short time, your account will be zero. 2. Risk Management:  Risk management will provide your fund more strong. Don’t trade with high risk for both buy-sell pair selection and money management. Try to trade low volatile USD pair. 3. Market Analysis:  Market should be analyzed in three ways (Fundamental, Technical and Sentimental). Start learning about market analysis before start trading. 4.  Portfolio Management:  Portfolio management also important. Don’t buy more than 3 pair at the same time. 5 .  Broker Selection and verification:  Try to select proper forex broker for trading and complete all verification before depositing any fund. 6 .  Account selection:  Normally a broker provides 4 types of account.Cent, Standard, ECN, Micro. Select account as per your strategy. 7....

Why USD/JPY pair is safest investment for beginner?

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Many reasons involved with USD/JPY as safe investments. (Accuracy percentage-80%) 1.USD/JPY movement is much more limited than the other pair. As a Beginner, he has such little knowledge. So if he takes any wrong decision, he will able to recover it if trade with USD/JPY. Off course he should maintain money management. 2. With high volatility news USD/JPY movement normally 40-70pips .So any beginner, if he goes to lose, he will able to recover the loss by average investment or buy-sell strategy. 3. If we use a small lot and buy-sell USD/JPY traded with a gap continuously, you will get profit.  

Why you need to use stop loss when forex trading?

  Many factors related to use stop loss in forex trading. 1. Market can move any way or zigzag motion (up and down) due to fundamental news from any country . Zigzag motion mainly happens when the investor doesn’t take proper discussion and reason is the fundamental issue. The market can move reverse motion when any unexpected result of any news coming. 2. Market can go in one direction without any correction or with small correction in a long time. 3. If you take any wrong decision, your account can be zero or suffering huge loss without stop loss. 4. Many investor blame that some forex broker makes fake candle and your account may be zero if spread too high. 5. Without a stop loss, you cannot set any target. 6. Without a stop loss, You cannot do proper money management. 7. Without a stop loss, You will not able to set mission and vision. For that reason, you need to set stop loss.  

How to earn 10 dollars per day from forex trading investing 100 usd?

For earning 10 dollars per day, we need to follow average buying theory (step by step) Average volume Strategy: 80% Accurate  For this process, you must use a cent account. Choose any 5pair for Trade and place buy-sell as per market trends. First-time place 0.05 lot in all pair at 8 AM (Kolkata time, India)(suppose you open USD/JPY, GBP/JPY, GBP/USD, EUR/USD, AUD/JPY Next you see at 12 PM (Kolkata time, India) which pair you gain and which pair yolosess.(suppose you you gain with USD/JPY, GBP/JPY and loss with GBP/USD, EUR/USD, AUD/JPY ) Close all gain pair.  Rest Loss pair new trade open on same direction (If previously buy, secondly also buy). Open each trade 0.30 (suppose GBP/USD, EUR/USD, AUD/JPY  trade open) Check it next on usa trading session and see some pair in gaining position .Just see it. (suppose, AUD/JPY trade coming in gaining position 0.3lot and loss position previously buy 0.05.but you are in profit with calculating trades loss and gain. So close bot...

Forex Broker Payment Method------ Advantage and Disadvantage:

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  Most of the forex broker deposit and withdraw method are Bitcoin, USDT, Visa card,Fasapay,Neteller, Perfect Money, Web Money, Skrill, Internal Transfer   Bitcoin/USDT: It is the easiest way of  payment.No need verification to much. Easy to use. All country supported. Crex is a trusted exchange site where you can exchange perfect money to bitcoin or usdt.   Mastercard/Visacard : It is quite difficult because many countries don’t allow their citizen to invest foreign site. Fasapay : Recently added payment method. Neteller/Skrill : Both Neteller and Skrill provide good service. Perfect Money:  Perfect Money is the best site as per my experience. You can exchange Bitcoin to perfect from exchanger site Crex. Crex provides exchange without any verification. Another advantage of perfect money is low charge during a transaction. Web Money : Web Money also very good payment method. Internal Transfer : Some Forex broker provide faciliti...

Forex Market Analysis Technique

  Analysis of the Forex market is essential before trading. Mainly 3 types of Analysis should you know. Fundamental analysis Based on a different economical report. All essential report found on different site like  investing.com Technical Analysis Based on chart creating due to market volatility. Many Forex Trader follows candlestick, Bollinger, RSI graph, Moving Average, Previous Historical data. Sentiment Analysis Market sentiment completely depends on investor priority due to hope. War, New Virus attack, election, agreement and much other issue creates big movement in this market.   All types of analysis provide you with a clear picture of investment.  

Investor suggestion: Select correct Master Trader for investment ( Forex Copy trading/Social trading)

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The factor needs to check before investing Forex  copy trading: Risk level:   Every Forex broker shows Master trader Risk level. Mainly shows 3 risk level(High, Medium and low). Always select a low-risk level trader. Remember, If your trader survives, he will get profit and you also. Money Management:  You can check the Master Trader money management system. If he follows money management, you can follow him. Commission:  Try to select a low commission-based Master trader. But remind, the commission is not a factor because if you follow a good trader, you will gain more. Duration of copy Trading:  This is a very important factor. Always allow the trader who is experience and long time survive his account with profit. Master Trader Fund:  It also a factor because large Trader fund increases his liability. Meanwhile, small trader fund decrease liability. Trader Strategy:  Trader strategy reflect his technical knowledge.

Forex Broker Review : Exness

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Exness is a Forex Broker. Now we are checking the advantage and disadvantage of using Exness.   Checking point: Spread:  Exness cent account and Standard account spread comparatively low than other forex brokers. ECN Account:  Exness provide ECN account with fixed charge and no spread. So it is a positive point for the user. Regulation:  CySEC,SFSA,FCA Copy Trading:  Exness provides a social trading platform which helps for earning both Trader and Investor. Withdraw and Deposit Amount:  You can deposit and withdraw from 1 USD with no fee. All deposit and withdraw will happen instantly. Payment Method: Bitcoin,USDT,Visa card,Fasapay,Neteller,Perfect Money,Web Money,Skrill,Internal Transfer Leverage:  Exness provides leverage 1:200 to 1:2000 Affiliate program:  Exness provides an affiliate program for earning money

How to earn free money without investment from Forex Trading?

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  3 simple way, you can earn money without any investment from forex trading. One way is to join a free contest. If you win, you will get a good amount of money. Normally Fbs and octafx arrange free contest every month. You can participate in a free contest. If you win, you will get a big amount of money. You can withdraw the money. The second way is affiliate marketing. If you join any forex broker and advertise their website link in your blog, website and YouTube channel. Any interested people join the broker, you will get a commission for every trade he closes. The third way is a bonus without deposit. Some broker offer trading bonus without deposit. Fbs offer 100 USD trading bonus without any deposit. If you trade with this bonus and make a profit, you will be able to withdraw the profit. Every broker has some rules and regulation. You can earn this way if you follow rules and regulation. Please note that all forex broker need verification with a phone number, ema...

Why you need to start Forex trading in cent account if your investment less than 1000?

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The simple answer is for good  Money Management, you need to make sure your investment is big enough. For a small account, money management is so tuff. If you have not enough money (Minimum 1000usd), it will be better to trade cent account. Your question is why? I give you one example. If you invest 100 USD or equivalent, In a cent account, it will be 100*100=10000cent.   Suppose you assume USD/JPY increase more. At that time, it was  104.10 So, you open trade on 104.10 with lot size 0.10 Then, USD/JPY go to 103.70 due to any fundamental bad news. You can open a new lot size 0.4 USD/JPY go to 103.30, you can open lot size 0.6. you can open a new lot size 0.6 Then, USD/JPY go to 103.70. You can close all of your trade with profit.   You just use a total of 1 lot in cent account, but almost 85%case you can gain in this way with low-level risk by following this method. But what happen in the standard account, you have 100 USD. In the same way, you think USD/JPY increase...