TD Ameritrade warning of increase in volatility around election could increase margin reqirements without warning.... Something to keep in mind regardless of broker, yall!
Rec'd this message yesterday. Saw some other posts asking about how to trade the election. This is something to keep in mind for those who refuse to use stops or close losing trades becasuse 'its coming back'. "In preparation for the upcoming U.S. election, TD Ameritrade Futures & Forex LLC wants to inform you of the potential for increased volatility and reduced liquidity that may result. While we expect the forex market to function as normal, the possibility for increased volatility across all forex currency pairs may cause spreads to widen and affect your ability to execute orders. At this time, we are not increasing margin requirements. However, we reserve the right to increase the margin requirement on any forex pair at any time without notice."...." Sincerely, TD Ameritrade Futures & Forex LLC"
What you must know about getting gold trading signals
Trading gold is considered as a natural part of Forex trading. Gold provides a lot more opportunities in trading profits more frequently than the traditional Forex currency pairs. Traders going for just a few hundred and few thousand dollars may trade in Gold online at the most cost-effective rates. Profitable gold trading is done with the application of the analysis methods. It is also possibly filtered with doing a fundamental analysis of gold trading signals where the details will support the historical data. Gold trading signals There are so many ways of making a profit from gold. Investing in gold or buying gold means investing a lot of time and effort. Trading in gold means that there is a lot to buy or hold for a long period. Gold trading means buying or selling various times in a small period like a few hours, days or months. One can invest in gold with just a few US dollars or buy gold in the form of nuggets or coins or by buying a small share in Gold bullion present in secure vaults. Physical gold is also an investment that also involves a lot of problems in storage and proof. Gold trading allows you to make more frequent and larger profits than one can make with investing and holding gold. This happens even when there are up and down fluctuations in gold prices. How to trade in gold When it comes to trading at the gold price, the traders require something quite closely linked with the value of gold. It is worthwhile to note that gold trading signals play a vital role in this. Options and futures for trading in gold One of the important ways for trading in gold represents gold through a major and regulated exchange. This needs a deposit of nearly $ 5,000 with future brokerages. This is because the smallest of the Gold futures can expire in just early 33 ounces of Gold. It involves buying or selling just a single contract with a margin to support the trade. Another alternative solution is to trading shares in ETF which owns Gold and where the price fluctuations mirror close fluctuations in the price of Gold. But, this needs opening an account with brokerage offering direct tradings in stock shares. The stockbrokers generally require a minimum deposit of the few thousand dollars and it also requires charging a sizable or minimum commission spread on every trade. A share of SDPR gold usually costs a person one-tenth of the value of an ounce of gold in US dollars. But this is going to be a truly expensive gold trading method. Mining shares for trading gold Buying and selling hare in gold mining companies is another method of gold trading. It involves consideration of various factors like speed, costs, and the minimum deposit required. It also has an added drawback that the value of gold is just one of the important trading factors driving the price for minimum sharing. Gold trading with forex broker Gold trading is a fast, easy and practical method of trading in gold. It is cost-effective for everyone who wants to spend a few hundred dollars on Gold trading. Several Forex Brokers offer to trade in spot Gold or the actual price of Gold in an ounce. Talk to Gold Trading experts to learn more on Gold trading signals and various methods of profitable trading in gold.
This type of trading is available for everyone, you do not need to be a professional in Economics or Finance in order to make a profit. All you need is to invest in an asset (e.g.,: Forex currency pair, stock, index or commodity) and wait for its expiry time. It Is simple and everyone is able to make a profit|| Options Trading For Beginners.
I am a professional Day Trader working for a Prop Fund, Hope I can help people out and answer some questions
Howdy all, I work professionally for a proprietary trading fund, and have worked for quite a few in my time, hope I can offer some insights on trading etc you guys might have. Bonus for you guys Here are the columns in my trading journal and various explanations where appropriate: Trade Number – Simply is this the first trade of the year? The 10th?, The 50th? I count a trade that you opened and closed just one trade number. For example if you buy EUUSD today and sell it 50 pips later in the day and close out the trade, then that is just one trade for recording purposes. I do not create a second trade number to describe the exit. Both the entry and exit are under the same trade number. Ticket Number – This is ticket number / order ID number that your broker gives you for the trade on your platform. Day of the Week – This would be simply the day of the week the trade was initiated Financial Instrument / Currency Pair – Whatever Financial Instrument or currency pair you are trading. If you are trading EUUSD, put EUUSD. If you are trading the EuroFX futures contract, then put in Euro FX. If you are trading the emini S&P, then put in Emini S&P 500. If you are trading a stock, put in the ticker symbol. Etc. Buy/Sell or Long/Short – Did you buy or sell to open the new trade? If you bought something to open the trade, then write in either BUY or LONG. If you sold(shorted) something to open a trade, then write in SOLD, or SHORT. This is a personal preference. Some people like to put in their journals as BUY/SELL. Other people like to write in Long/Short. My preference is for writing in long/short, since that is the more professional way to say it. I like to use the lingo where possible. Order Type – Market or Limit – When you entered the trade was it a market order or limit order? Some people can enter a trade using a combination of market and limit orders. If you enter a trade for $1 million half of which was market order and the other half was limit order, then you can write in $500,000 Market, $500,000 Limit as a bullet points. Position Size / Units / Contracts / Shares – How big was the total trade you entered? If you bought 1 standard lot of a currency pair, then write in $100,000 or 1 standard lot. If you bought 5 gold futures contracts, then write in 5 contracts. If you bought 1,000 shares of stock, then write in 1,000 shares. Etc. Entry Price – The entry price you received entering your opening position. If you entered at multiple prices, then you can either write in all the different fills you got, or specify the average price received. Entry Date – Date that you entered the position. For example January 23, 2012. Or you can write in 1/23/12 . Entry Time – Time that you opened the position. If it is multiple positions, then you can specify each time for each various fill, or you can specify the time range. For example if you got $100,000 worth of EUUSD filled at 3:00 AM EST, and another $100,000 filled at 3:05 and another $100,000 filled at 3:25, then you can write all those in, or you can specify a range of 3:00 – 3:30 AM EST. Entry Spread Cost (in pips) – This is optional if you want to keep track of your spread cost in pips. If you executed a market order, how many pips did you pay in spread. Entry Spread Cost (in dollars) – This is optional if you want to keep track of your spread cost in dollars. If you executed a market order, how many dollars did you pay in spread. Stop Loss Size – How big is your stop loss size? If you are trading a currency pair, then you write in the pips. If you are trading the S&P futures contract, then write in the number of points. If you are trading a stock, then write in how many cents or dollars your stop is away from your entry price. % Risk – If you were to get stopped out of the trade, how much % loss of your equity is that? This is where you input your risk per trade expressed in % terms if you use such a position sizing method. If you risked 0.50% of your account on the trade, then put in 0.50% Risk in dollars – If you were to get stopped out of the trade, how much loss in dollars is that. For example if you have a $100,000 account and you risked 1% on a trade, then write in $1,000 dollars Potential Reward: Risk Ratio – This is a column that I only sometimes fill in. You write in what the potential reward risk ratio of the trade is. If you are trading using a 100 pip stop and you expect that the market can reasonably move 300 pips, then you can write in 3:1. Of course this is an interesting column because you can look at it after the trade is finished and see how close you were or how far removed from reality your initial projections were. Potential Win Rate – This is another column that I only sometimes fill in. You write in what you believe the potential win rate of this trade is. If you were to place this trade 10 times in a row, how many times do you think you would win? I write it in as percentage terms. If you believe the trade has a 50% chance to win, then write in 50%. Type of Inefficiency – This is where you write in what type of inefficiency you are looking to capture. I use the word inefficiency here. I believe it is important to think of trading setups as inefficiencies. If you think in terms of inefficiencies, then you will think in terms of the market being mispriced, then you will think about the reasons why the market is mispriced and why such market expectations for example are out of alignment with reality. In this category I could write in different types of trades such as fading the stops, different types of news trades, expecting stops to get tripped, betting on sentiment intensifying, betting on sentiment reversing, etc. I do not write in all the reasons why I took the trade in this column. I do that in another column. This column is just to broadly define what type of inefficiency you are looking to capture. Chart Time Frame – I do not use this since all my order flow based trades have nothing to do with what chart time frame I look at. However, if you are a chartist or price action trader, then you may want to include what chart time frame you found whatever pattern you were looking at. Exit Price – When you exit your trade, you enter the price you received here. Exit Date – The date you exited your trade. Exit Time – The time you exited your trade. Trade Duration – In hours, minutes, days or weeks. If the trade lasts less than an hour, I will usually write in the duration in minutes. Anything in between 1 and 48 hours, I write in the hours amount. Anything past that and I write it as days or weeks as appropriate, etc. Pips the trade went against you before turning into a winner – If you have a trade that suffered a draw down, but did not stop you out and eventually was a winner, then you write it how many pips the trade went against you before it turned into a profitable trade. The reason you have this column is to compare it to your stop loss size and see any patterns that emerge. If you notice that a lot of your winning trades suffer a big draw down and get near your stop loss points but turn out to be a profitable trade, then you can further refine your entry strategy to get in a better price. Slippage on the Exit – If you get stopped out for a loss, then you write in how many pips you suffered as slippage, if any. For example if you are long EUUSD at 1.2500 and have your stop loss at 1.2400 and the market drops and you get filled at 1.2398, then you would write in -2 pips slippage. In other words you lost 2 pips as slippage. This is important for a few different reasons. Firstly, you want to see if the places you put your stop at suffer from slippage. If they do, perhaps you can get better stop loss placement, or use it as useful information to find new inefficiencies. Secondly, you want to see how much slippage your broker is giving you. If you are trading the same system with different brokers, then you can record the slippage from each one and see which has the lowest slippage so you can choose them. Profit/Loss -You write in the profit and/or loss in pips, cents, points, etc as appropriate. If you bought EUUSD at 1.2500 and sell it at 1.2550, you made 50 pips, so write in +50 pips. If you bought a stock at $50 and you sell it at $60, then write in +$10. If you buy the S&P futures at 1,250 and sell them at 1,275, then write in +25 points. If you buy the GBP/USD at 1.5000 and you sell it at 1.4900, then write in -100 pips. Etc. I color code the box background to green for profit and red for loss. Profit/Loss In Dollars – You write the profit and/or loss in dollars (or euros, or jpy, etc whatever currency your account is denominated in). If you are long $100,000 of EUUSD at 1.2500 and sell it at 1.2600, then write in +$1,000. If you are short $100,000 GBP/USD at 1.5900 and it rises to 1.6000 and you cover, then write in -$1,000. I color code the box background to green for profit and red for loss. Profit/Loss as % of your account – Write in the profit and/or loss as % of your account. If a trade made you 2% of your account, then write in +2%. If a trade lost 0.50%, then write in -0.50%. I color code the box background to green for profit and red for loss. Reward:Risk Ratio or R multiple: If the trade is a profit, then write in how many times your risk did it pay off. If you risked 0.50% and you made 1.00%, then write in +2R or 2:1 or 2.0. If you risked 0.50% and a trade only makes 0.10%, then write in +0.20R or 0.2:1 or 0.2. If a trade went for a loss that is equal to or less than what you risked, then I do not write in anything. If the loss is greater than the amount you risked, then I do write it in this column. For example lets say you risk 0.50% on a stock, but overnight the market gaps and you lose 1.50% on a trade, then I would write it in as a -3R. What Type of trading loss if the trade lost money? – This is where I describe in very general terms a trade if it lost money. For example, if I lost money on a trade and the reason was because I was buying in a market that was making fresh lows, but after I bought the market kept on going lower, then I would write in: “trying to pick a bottom.” If I tried shorting into a rising uptrend and I take a loss, then I describe it as “trying to pick a top.” If I am buying in an uptrend and buy on a retracement, but the market makes a deeper retracement or trend change, then I write in “tried to buy a ret.” And so on and so forth. In very general terms I describe it. The various ways I use are: • Trying to pick a bottom • Trying to pick a top • Shorting a bottom • Buying a top • Shorting a ret and failed • Wrongly predicted news • Bought a ret and failed • Fade a resistance level • Buy a support level • Tried to buy a breakout higher • Tried to short a breakout lower I find this category very interesting and important because when performing trade journal analysis, you can notice trends when you have winners or losing trades. For example if I notice a string of losing trades and I notice that all of them occur in the same market, and all of them have as a reason: “tried to pick a bottom”, then I know I was dumb for trying to pick a bottom five times in a row. I was fighting the macro order flow and it was dumb. Or if I notice a string of losers and see that I tried to buy a breakout and it failed five times in a row, but notice that the market continued to go higher after I was stopped out, then I realize that I was correct in the move, but I just applied the wrong entry strategy. I should have bought a retracement, instead of trying to buy a fresh breakout. That Day’s Weaknesses (If any) – This is where I write in if there were any weaknesses or distractions on the day I placed the trade. For example if you are dead tired and place a trade, then write in that you were very tired. Or if you place a trade when there were five people coming and out of your trading office or room in your house, then write that in. If you placed the trade when the fire alarm was going off then write that in. Or if you place a trade without having done your daily habits, then write that in. Etc. Whatever you believe was a possible weakness that threw you off your game. That Day’s Strengths (If any) – Here you can write in what strengths you had during the day you placed your trade. If you had complete peace and quiet, write that in. If you completed all your daily habits, then write that in. Etc. Whatever you believe was a possible strength during the day. How many Open Positions Total (including the one you just placed) – How many open trades do you have after placing this one? If you have zero open trades and you just placed one, then the total number of open positions would be one, so write in “1.” If you have on three open trades, and you are placing a new current one, then the total number of open positions would be four, so write in “4.” The reason you have this column in your trading journal is so that you can notice trends in winning and losing streaks. Do a lot of your losing streaks happen when you have on a lot of open positions at the same time? Do you have a winning streak when the number of open positions is kept low? Or can you handle a lot of open positions at the same time? Exit Spread Cost (in pips) – This is optional if you want to keep track of your spread cost in pips. If you executed a market order, how many pips did you pay in spread. Exit Spread Cost (in dollars) – This is optional if you want to keep track of your spread cost in dollars. If you executed a market order, how many dollars did you pay in spread. Total Spread Cost (in pips) – You write in the total spread cost of the entry and exit in pips. Total Spread Cost (in dollars) – You write in the total spread cost of the entry and exit in dollars. Commission Cost – Here you write in the total commission cost that you incurred for getting in and out of the trade. If you have a forex broker that is commission free and only gets compensated through the spread, then you do not need this column. Starting Balance – The starting account balance that you had prior to the placing of the trade Interest/swap – If you hold forex currency pairs past the rollover, then you either get interest or need to pay out interest depending on the rollover rates. Or if you bought a stock and got a dividend then write that in. Or if you shorted a stock and you had to pay a dividend, then write that in. Ending Balance – The ending balance of your account after the trade is closed after taking into account trade P&L, commission cost, and interest/swap. Reasons for taking the trade – Here is where you go into much more detail about why you placed the trade. Write out your thinking. Instead of writing a paragraph or two describing my thinking behind the trade, I condense the reasons down into bullet points. It can be anywhere from 1-10 bullet points. What I Learned – No matter if the trade is a win or loss, write down what you believed you learned. Again, instead of writing out a paragraph or two, I condense it down into bullet points. it can be anywhere from 1-10 bullet points. I do this during the day the trade closed as a profit or loss. What I learned after Long Term reflection, several days, weeks, or months – This is the very interesting column. This is important because after you have a winning or losing trade, you will not always know the true reasons why it happened. You have your immediate theories and reasons which you include in the previous column. However, there are times when after several days, weeks, or months, you find the true reason and proper market belief about why your trade succeeded or failed. It can take a few days or weeks or months to reach that “aha” moment. I am not saying that I am thinking about trades I placed ten months ago. I try to forget about them and focus on the present moment. However, there will be trades where you have these nagging questions about they failed or succeeded and you will only discover those reasons several days, weeks, or months later. When you discover the reasons, you write them in this column.
I am beginner in trading and I've been using a practice account. In the selection there is crypto,commodities,forex and digital. The digital ones (like EUJPY) can only be held for about a minute then they automatically close. What's the difference between these and forex currency pairs?
Im always looking for an easy out. Some oscillators work great for stock, other better for futures. I havent found any really for forex that are pretty dead on. I know about sma and ema and everything by John Carter. I need studies in THINKORSWIM not MT. anyone know of some good studies or oscillators for trading Forex currency pairs? im doing about 1-2% daily and havent had a losing week since November so im not wanting to blow my account or anything like that with bad advice.
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TLDR: diversification reduces risk, over-diversification reduces profits. 'optimal diversification' is usually considered to be 20. Split your assets into different use-cases (store of value, smart contracts) and make sure you don't pile up on to many from one group. So I just replied to this post regarding portfolio diversification and thought I'd actually submit my reply as a post in itself for you guys. Portfolio Diversification We all know that diversification reduces risk, however, you can also over-diversify whereby you risk profits. Over-diversification provides diminishing returns, and according to portfolio theory, the ideal number (otherwise known as 'optimal diversification') is around 20, after this point you stand to lose more than you gain by diversification. One more point, you have to diversify effectively. There's no point me diversifying my entire portfolio into 20 Gold mining companies across the globe; I'm not really reducing risk here, as my portfolio would fundamentally be tied to the price of Gold. The same is true of many Forex currency pairs that move in tandem. To translate that last point into crypto, you should also aim to diversify the 'use-cases' of your assets. Holding LTC, BCH, XRB (transfer coins); or holding ETH, NEO, ADA (smart contracts); or XMR, PIVX, ZCASH (privacy) would not be as effective as holding say XRB, ETH, XMR. I personally split Crypto's into a number of use cases, including store of value (BTC), transfer value (LTC), smart contracts (ETH), Privacy (XMR), interoperability (XRP), Internet of Things (IOTA), etc. and try to make sure I never have more than 3 from the same group. Tried to keep it short, hope it helps. Remember, this information comes from my experience as a traditional forex/commodities investor; so it may not be as applicable to crypto as it is to traditional investing.
I’ve been testing an EA on MT4 which can be attached to any chart and used on any symbol. I know it’s not possible to backtest multiple symbols in one test on MT4, so I was wondering how using multiple symbols at once would impact my free margin. So far I have tested the symbols I would like to trade individually, and I was wondering if there is a way to infer what my results would look like if I traded multiple currencies at once. I’ve considered dividing my lot size by the number of currencies I will trade, and then adding up the individual results to find average drawdowns and total profits, but I’m not 100% confident that is the best way to approach the situation. If I traded all currencies simultaneously with the lot size without dividing, my free margin would shrink by a multiple of the number of symbols traded, correct? Just looking for any advice. I’m pretty new to trading so I apologize if my wording is unclear. Thanks
https://preview.redd.it/e9j1rtq2mlo11.png?width=215&format=png&auto=webp&s=59500c3377192faf0f95ff0bc1d3126d6f9edf6b Imperial Global Markets is a broker that functions on the Forex market and provides services for customers from all around the world. Although the company's headquarters is located in Dubai, it works with clients that come from different countries, The share capital of the company is $1,350,000. All clients' funds are held in Emirates NBD, which is one of the safest banks in the middle East. Imperial Global Markets offers trading both with the traditional Forex currency pairs and CFDs. The trading process takes place on the MetaTrader 4 platform. Portfolio investing in the products created by the financial market experts is also available for the clients. Trading terms:
The minimum deposit of $1,000 (or $100 if the client trades in cryptocurrency).
1:100 — currency, 1:10 — stock market, 1:5 — cryptocurrency, 1:20 — commodities, 1:10 — market indices. Portfolio investments are available to customers with a deposit of $5000. There are 5 strategies with a different risk level:
Imperial GM is interested in the success of its clients as the company profits from the fees on the clients’ trading turnovers. Therefore the broker provides its clients with a lot of support: there are many training materials on the website, and the clients are able to trade in accordance with the signals, too. Clients are provided with trading signals, statistics for which can be requested from the support team. It's free during the first month, and then it's available on the paid basis. ImperialGM signals are received through the Telegram messenger.
So, the most liquid currency pair is EUR/USD, which accounts for 28% of the total transaction volume in the Forex market. The second most liquid forex pair is USD/JPY, with a share of 13%. The third most liquid pair is GBP/USD (11%). Information on further currency pairs can be found in the chart above. Currency pair correlations. 8. Sessions & Currency Pairs. 3. Currency pair correlations . Understanding price relationships between various currency pairs allows you to get a deeper insight on how to develop high probability Setups. Awareness of currency correlation can help to reduce risk, improve hedging and diversify trading instruments. In this lesson we will introduce you to using ... Alright, so we’ve breezed through several terms and concepts when it comes to trading Forex currency pairs. At this point, you should have a firm understanding of what a currency pair is as well as the dynamics of buying and selling. If not, feel free to review the material above as many times as necessary before moving on. All forex trades involve the simultaneous purchase of one currency and sale of another, but the currency pair itself can be thought of as a single unit—an instrument that is bought or sold. A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. Currency trading is conducted in the foreign exchange, also known as the forex or “FX” market. Currency Pairs in Forex – Prominent Types. The major types of these currency pair types are Major, Minor, and Exotic Pairs. 1. Major Pairs. The currency pairs that are the most traded ones globally are termed as the major currency pairs. They are known for their huge liquidity and lowest spreads. Listed below are some of them: – USD/EUR (US ... Alternatively, when a forex trader shorts the EUR/USD currency pair, they speculate that the value of the U.S. dollar will rise above the euro. The changes in currency exchange rates are known as ...
How To Find Which FOREX Currency Pair To Trade - YouTube
#forex #forexlifestyle #forextrader Want to join my VIP group? Get my signals, education, and live chat! Link to join: https://tradernickfx.com/ // SOCIAL FR... Currency Pairs What are currency pairs? In the foreign exchange market, currency is... In the foreign exchange market, currency is... http://goo.gl/bRKoqt - Click the link to open a free eToro ... In this video Jay Wayne will show you how he finds which currency pair he's going to trade for the day. ..... All about Trading in Forex and Binary Option Marked. HOW TO ORGANIZE YOUR CURRENCY PAIRS IN MT4 ----- Subscribe! https://YouTube.com/sasanfx1 🔔... This video deals with the foundational element of Forex trading - the currency pair. As we have covered in previous videos, all currencies are priced with re... This is the first in a series of videos covering the basics of the Forex market. We look at a simple example of exchanging currencies and the effect of fluct...