Before the Internet revolution only large players such as international banks, hedge funds and extremely wealthy individuals could participate. Now retail traders can buy, sell and speculate on currencies from the comfort of their homes with a mouse click through online brokerage accounts. There are many tradable currency pairs and an average online broker has about 40. One of our most popular chats is the Forex chat where traders talk in real-time about where the market is going.
With Equivolume, you can plot price and volume activity on a single graph, instead of having volume added as an indicator on the side. This tool draws the bars following their traded volume at a precise point in time (the wider the bar, the bigger the volume). That creates a clear visualization of the volume increase or decrease of an asset’s diagram. A very handy feature for those strategies whose key factor is volume. How to change your table into Equivolume
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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Fundamental trading is when you follow the news for several countries and play the countries with strengthening economic trends, against the ones with weakening economic trends. This type of approach is pretty easy because it looks at how things shape up over the long term. The complicated portion of it is learning to understand the economic reports and compare them to other countries.
The 109.02-146 is overhead resistance The USDJPY has waffled up and down today as the "market" digests overhead resistance at the 38.2% retracement of the move down from the April 24 high at 108.918 and swing resistance at 109.022 to 109.146. That area was home to swing lows going back to May. It was broken on May 31 and has not seen the levels since (see yellow area and red numbered circles).
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As always, this type of tool has to be used as an indication of a possible favorable position to be taken, but it’s necessary to combine them with other techniques. Here are the Candlesticks Patterns that our board will recognize and automatically points: Bearish engulfing, Bullish engulfing, Dark Cloud, Doji, Evening Star, Hammer, Morning Star, Piercing and Shooting Star. How to add a Candlestick Patterns Recognition indicator