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FOREX StrategiesWhat are FOREX Strategies?
You may have noticed that most of people confuse the terminology and refer to FOREX Strategies in the wrong way. There are methodologies, systems, strategies, and techniques. The most effective methodology is Price Language (Trend Tracking). Combined with a correct reading of mass psychology presented by the charts.
We know that in the Stock Markets there are thousands of strategies. FOREX, like the rest of the markets, presents you with the opportunity to apply similar strategies to win consistently. Taking advantage of repetitive psychological patterns.
First, the Price Language methodology has created great fortunes in FOREX, and the next fortune may be yours. But this methodology must be implemented within a framework of advanced concepts of Markets. Without forgetting the basics. And working hard day by day.
Second, a strategy is a set of parameters and techniques that together give you the advantage to act in any situation. Thus for example in war, generals have attack strategies and counterattack strategies.
FOREX strategies alike are entry strategies and exit strategies. All beginners should know these FOREX strategies for beginners. That way you will get a general idea of the game and understand that trading is a war against the Market and its Specialists. Only applying FOREX strategies revealed by the same Specialists and using their own techniques,
... you can survive in this war.
Do not fall into the trap of the many "systems" and "methods" that are offered on the internet about operating in the FOREX Market. They just don't work in the long run. They are strategies based on indicators for the most part. Using rigid parameters. That if they can work and give profitability during a certain period of time, they will always reach a breaking point when the market changes its dynamics.
Instead, take advantage of your precious time and learn the Language of Price or Price Action.
The Language methodology will allow you to adapt to each new phase of the Market. If you combine this knowledge with the appropriate psychological concepts, you can live comfortably from speculation in FOREX.
Forex Trading Strategies Reddit - Basic FOREX StrategiesYou have two basic FOREX strategies, one entry, and one exit. Both follow a general strategy that helps you capitalize on the collective behaviors of the Market. That is, of the total of participating speculators.
This behavior causes the formation of cycles that repeat over and over again. Driven by the basic emotions (uncertainty, greed, and panic) of the speculators involved that can be taken advantage of with the aforementioned FOREX strategies. Specialists identify these emotions in the order flow and capitalize on these events every hour, every day, and every month.
Basic FOREX Strategies - The Price Cycle
These repetitive cycles consist of 4 phases:
The two trends can be easily identified by their notorious breakdown. And the two areas of uncertainty (accumulation and distribution), due to their notorious range trajectories.
This general behavior determines the core of our FOREX strategies.
You buy when the price of a pair has broken and has come out of one of its congestion formations (accumulation or distribution). You implement one of the Forex strategies, in this case, the entry one.
The multi-time technique will help you find the point of least risk when entering your initial buy or sell order. In the same way and using the same strategy but this time to close your position, the multiple timing technique will also show you how to close your operation obtaining the highest possible profit.
The most consistent way to extract profits in the market is by trading the start of trends within a cycle . Once confirmed by their respective breaks from the areas of uncertainty. This is the mother of all FOREX strategies . And in a market that operates 24 hours, we have more frequent cycles and therefore more opportunities.
Forex Trading Strategies Reddit - Advanced Forex StrategiesThere are many advanced FOREX strategies that are generally used by professional speculators working for large financial firms.
Among these firms are banks, Investment Fund managers and Hedge Fund managers. The latter is an investment modality similar to Investment Funds, with the difference that Hedge Funds use more complex investment strategies. Its operations are more oriented to aggressive speculations in the short and medium-term.
Among the most common strategies is hedging (hedging), carry trade, automated systems based on quantum mathematics. And a large number of combinations between the different option strategies.
The Carry TradeThe central idea of Carry Trade is to buy a pair in which the base currency has a considerably higher interest rate than the quoted currency. To earn the difference in rates regardless of whether the price of the pair rises or falls.
Suppose we buy a $ 100,000 lot of AUDJPY, which according to the rates on the chart would turn out to be the ideal instrument in this example to use the Forex carry trade strategy.
As our capital is in US dollars we have to assume for our example, the following quotes necessary to perform the place calculations:
AUD / JPY = 80.00 USD / JPY = 85.00
What happens internally in your broker is this.
The great advantage of carry trade FOREX strategies is that this percentage profit is applied to the $ 100,000 of the standard lot; the broker transfers all of the profit to you, even if you only contributed $ 1,000. On the other hand, if you carry out the inverse of this operation, this benefit of the Forex carry trade becomes a cost (swap), and you assume it completely.
Remember that FOREX carry trade strategies are recommended for pairs with considerable interest rate differences, such as the one we have just seen in our example.
These FOREX strategies should also not be used in isolation. The idea is that through technical analysis you identify when would be the ideal time to enter the market using your carry trade Forex strategy and multiply your profits considerably.
What FOREX Strategies Do Hedge Funds Use?The FOREX strategies used by large fund managers do not constitute an advantage in terms of percentage results for them, nor do they constitute a competitive disadvantage for you.
The vast majority of them fail because of their big egos. In fact, there was a firm made up of great financial geniuses, including 2 winners of the Nobel Prize in Economics, who developed a strategy based on quantum mathematical calculations.
With an initial base capital of about 3 billion dollars, and after 3 successful years obtaining annual returns of over 40%, the firm Long-Term Capital Management, begins its fourth year with losses. To counteract these losses the geniuses decide to multiply the initial capital several times, while the losses continued.
The year closed with the bankruptcy of the fund, and with a total accumulated loss of 1 trillion dollars, due to the great leverage used. And all for not admitting that the FOREX Strategies of Long Term Capital Management were not in line with the dynamics of the Market.
There are an overwhelming number of opportunities in the stock markets to make money interpreting the Language of Price.
You don't need to use complex "advanced" strategies that have been created to handle hundreds or billions of dollars.
The reasons for using these FOREX strategies are very different from what a "retail trader" pursues with his small speculation business.
As you can see, you should not worry about wanting to integrate any of these advanced strategies into your arsenal. They are only beneficial for managing hundreds or billions of dollars, where the return parameters are very different when you handle small amounts of capital.
Do not worry about collecting hundreds of free FOREX strategies that circulate on the internet, that great accumulation of mediocre information will only serve to confuse you and waste your valuable time.
Spend that time learning Price Action,
… And you will always be one step behind the Specialists, identifying each new Market condition, and anticipating the vast majority of reversals of all prices.
Ironically, the most successful fund managers indicate that their most profitable trades are those based on the basic trend-following strategies of the Price Language. The same ones that you will learn in this Free Course.
Dedicate yourself to perfecting them and believe me you won't need anything else. As long as you have good risk management, taking into consideration the following points ...
Styles of Investments in FOREXThe Investment FOREX long term is not recommended for small investors like you and me. If we take into account the term investing literally as large investors do who buy a financial product today to sell it years later.
We both have a better niche in the short and medium-term.
You may have noticed that the big multi-year trends in the Forex Market do exist. But minor swings within a big trend are usually very wide.
These minor movements allow us to easily double and triple the annual return of the big general trend, motivating most traders to speculate in the short and medium-term.
These minor oscillations or trends that occur within the large multi-year trends owe their occurrence mainly to two reasons.
First, the FOREX Market presents 3 sessions a day each in different cities of the world with different time zones (Asia, Europe, and America). This causes more frequent trend changes than in the rest of the stock markets.
Second, the purpose for which it was created also plays a role. The modern Foreign Exchange Market, since its inception in 1972, was conceived by the global financial system as a tool for speculation. To obtain benefits in the short and medium-term (from several days to 1 year).
These two points are basically the reasons why we observe the immense speed with which the FOREX market changes trends.
For example, for those who live in America, in the early morning (Europe) the EURUSD pair may be on the rise, in the morning or afternoon (America) it may be down, and then finally at night (Asia) it may return to the rise.
Define your Own Style for your FOREX InvestmentsOne of the first decisions you will have to make is to choose your style as a trader or investor.
There are 4 types of well-defined styles.
Most professional traders tend to have multiple styles, although they always identify with one primary style for their FOREX investments. Study the characteristics of the 4 main styles to make your investments in FOREX :
1. Long Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per month to their investments in Forex. The period of an open position ranges from 1 year to 5 years.
2. Medium Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per week to their investments in Forex. The period of an open position ranges from 1 month to 1 year.
3. Short Term: recommended for anyone who is going to enter the market for the first time, or who already has a certain time operating in the long and medium-term, showing constant profits, and who can dedicate a minimum of one hour per day to your investments in FOREX. The period of an open position ranges from 1 day to 1 month.
4. Intraday : recommended only for people with a fairly solid earnings record in the short term, and with a capital greater than $ 50,000. As we have noted, this option constitutes a full-time job.
People who start investing in FOREX , should start executing short-term (weeks) and medium-term (months) transactions only, and not pay attention to intraday oscillations (day trading).
If you are interested in being an intraday speculator, I recommend that you first exhaust at least a year doing operations in the short and medium-term to assimilate the correct strategies and to develop the necessary mentality to carry out this work.
The second option would be to participate in some kind of intensive training.
I remind you that self-educating is almost impossible in speculation. You are likely to accumulate a lot of knowledge by reading books and attending courses. But you will probably never learn to make money with all the incomplete "systems" circulating on the internet.
Mistakes to Avoid When Looking for Your StyleMany people who are new to FOREX investments make the mistake of combining these styles, which is a key to failure.
I recommend that if you are not getting the results you expected by adopting one of these styles, do not try to change it. The problem sure is not in the style, but in your strategies or in your psychology.
A successful investor is able to make a profit in any longer trading time than he is used to. I explain. If you are already a profitable operator in the short term, it is very likely that you will also be profitable in the medium and long term,
… As long as you can interpret the Language of Price or Price Action.
In the opposite case, the same would not happen. If you were a medium-term trader, you would need time to adjust to the intraday. The reality is that long, medium and short term traders have very similar personalities. The intraday trader is completely different.
The Myth of the Intraday in Investments in FOREXIf you are already successful in the short, medium and long term, you will notice that the sacrifice and the hours necessary in front of the computer to operate intraday is much greater. The intraday style will be useful to increase your account if it is less than USD $ 100,000 in a very short time in exchange for 8 to 12 hours a day of hard work but ...
You must first develop the necessary skills to operate the intraday.
The ideal is to combine all the styles to get more out of the Market and carry out more effective transactions and have a diversification in your investments in FOREX.
There are intraday traders that are very successful, but the reality is that there are very few in the world that make a profit year after year. If you want to become an intraday, you just have to prepare yourself properly through intensive training.
Otherwise, I recommend that you don't even think about educating yourself to adopt the intraday style. It is not necessary to go against a probability of failure greater than 99%. Unless
... your ego is greater than your common sense.
The main reason why this style of investments in FOREX is not recommended for the vast majority of us "retail investors" (the official term "retail traders"), is the high operational cost.
The real commissions in this market range between $ 2.0 and $ 2.50 for each lot of 100,000 virtual units. This means that a complete operation (opening and closing) is approximately $ 5.00, for each standard lot traded ($ 100,000 virtual).
Another fundamental reason is the advent of robotic traders (HFT = High-Frequency Trading), which tend to manipulate the market in the shorter intraday swings. Please do not confuse HFTs with automated systems that we find daily on the internet, and that can be purchased for a few hundred dollars and often for free on FOREX forums / groups.
These HFTs to which I refer, they are effective. They cost millions of dollars and have been developed by the large Wall Street financial firms to manage their investments in FOREX.
The reality of the intraday trader is that you execute orders for large lots at the same time, to profit from the smallest movements in the market. It is an activity based on reflexes. The slightest oversight or distraction can turn into a catastrophe for your FOREX investments.
I recommend that you start investing in FOREX using slow time periods such as H4 or Daily. For some reason, all Goldman Sachs intraday FOREX investments are made with algorithms.
Finally…To choose your style as a trader and manage your investments in FOREX, first determine what your degree of experience is, analyze the points mentioned below and the rest you will discover when you execute your first operations.
The points that will affect your decision are:
And I hope you are one of those who get up over and over again. The next lesson will boost your confidence when you discover the main reason that moves currencies ...
Fundamental Analysis in Forex Trading RedditThe fundamental analysis in Forex is used mostly by long-term investors. Players as we saw in the styles of operators, start a negotiation today, to close it years later.
I always emphasize the importance that the mass media give to this type of analysis to distract the great mass of participants.
It is all part of a great mass psychological manipulation. For centuries the ignorance of the masses has been organized before the great movements begin.
The important news are the macroeconomic reports published by the Central Banks and other government agencies destined for this work. All reports are made up. 99% of them are corrected months later.
These events are tools to justify fundamental analysis and price cleaning movements. Any silly headline does the job. With this, it is possible to absorb most of the existing liquidity, before the new trend phase is projected.
Reaction!Except in rare situations, the result of an economic report of the fundamental analysis is generally already assimilated in the graph. In most cases, there are financial institutions that already have access to this information and are organizing and carrying out their operations in advance.
The phrase buy the rumor and sell the news is a very old adage on Wall Street. And its meaning contains what we have just explained. For the investor who can interpret the Language of Price, fundamental analysis is of little importance. Well, in general, their disclosure does not indicate that you have to take any action in your open trades , as long as your entry strategy provides you with a good support cushion.
This reality of fundamental analysis causes a lot of confusion for investors who lack in-depth knowledge of the forex market.
Macroeconomic DataThe data published in these events is irrelevant. Both for speculators and for the people in general. They are false. They lack reliability.
The price can go up or down with the same result of the data. The main ones are:
- Interest Rates - GDP (gross domestic product) - CPI (inflation) - ISM (manufacturing index) - NFP (payroll) - Double Deficits (deficit = fiscal + balance of payments)
If you are initiated, I recommend you avoid operating near these events. It is only a matter of having the time pending. Use the economic calendar for Fundamental Analysis of Forex Factory.
There is a probabilistic advantage in operating these fundamental analysis events. But it takes preparation, experience, and practice. They represent a way of diversifying in the general operation of a speculator.
The Uncertainty of Fundamental AnalysisOn many occasions after the disclosure of an economic report, the price movement of the currency pair that is going to be affected tends to move in the opposite direction to the logic of the report.
I show you an example of a fundamental analysis report. Imagine that the EUR / USD pair is trading at 1.2500, and the FED (US Federal Reserve) issues a statement announcing that it has just raised inter-bank interest rates from 0.25 points to 0.75 points. Very positive news for the US dollar that logically implies an appreciation of the currency and consequently an instantaneous collapse of the EUR / USD pair (up the dollar and down the euro)
However, minutes after the release of said fundamental analysis report, the pair after effectively collapsing to 1.2400, returns and returns to its levels prior to the report (1.2500). This situation is very common , but it is not so easy to identify it when it is occurring, but after the damage is done.
Traps like these devour the accounts of beginners who approach the market with little experience, with weak strategies, and especially with very little experience.
That is why I reiterate that you forget the fundamental analysis for now. Just keep in mind when operating, that there is no publication scheduled nearby. Just check the economic calendar for the day and forget about the numbers. Let the economists mess around with the data.
FOREX Market CorrelationThe Forex market correlation exists between pairs with similar "base" currencies and not always under the same circumstances. The correlation in the Forex market that is most followed and that has the greatest impact on fundamental analysis is that of the US dollar (USD).
The USD is the most traded monetary unit with a volume greater than 80% with respect to the rest of the currencies. This fact determines why their correlation is the most important, the most followed, and perhaps the only one worth following in the fundamental macro analysis.
The 7 major pairs are usually in sync . These 7 pairs all include the USD and present a fundamental analysis correlation almost 75% of the time. Influencing the rest of the currency pairs.
Advantages of the FOREX Market CorrelationIn the fundamental analysis the most basic FOREX correlation is the following. When the USD appreciates, the USD / CAD, USD / CHF, and USD / JPY pairs tend to go up in price. This indicates that the Canadian dollar (CAD), the Swiss franc (CHF), and the Japanese yen (JPY) are losing value against the USD.
We must bear in mind that this correlation does not occur 100% of the time. In fact, the JPY generally tends to move in the opposite direction , since in recent decades this currency has been used as a source of financing to invest in other financial instruments.
On the other side is the FOREX market correlation that generates a movement almost in unison in the other 4 major pairs EUR / USD, GBP / USD, AUD / USD, and NZD / USD. These tend to fall in price, homologous the appreciation of the USD. But not always.
In this case the fundamental analysis correlation works most of the time, between 65 and 85% of the time. Small differences are noted in the extent that each of these pairs experiences.
There is also a correlation in the secondary FOREX market, where the pairs of all currencies that do not include the USD participate, but I recommend you not to waste time on them for now. There are more important things about the Language of Price to know first.
FOREX Commodity CorrelationIn this part I will explain to you in a basic way the Correlation Commodities - FOREX of the fundamental analysis.
There are three currencies that have a direct correlation with commodities. They are usually called: "COMDOLLS" which is short for "Commodities Dollars" (Commodities Dollars), since all three obey the dollar denomination. These are:
- The New Zealand Dollar (NZD) - The Australian Dollar (AUD) - The Canadian Dollar (CAD)
These three currencies make up the group of the 8 largest together with the euro, the pound, the yen, the franc and the US dollar. Together, they merge to produce the major pairs traded in the FOREX Foreign Exchange Market.
The FOREX Commodity Correlation has an affinity in most cases greater than 75%. And each of them has its different raw material of correlation. You will notice that the NZD and the AUD are two currencies that act practically in unison. Both present minimal discrepancies in their fluctuations in the short, medium and long term.
This is mainly because their economies are very similar and their economic and fiscal policies are too. Their main production items also show great similarities, despite the fact that the Australian economy is much larger than the New Zealand economy.
The raw materials that follow the movement of the AUD are mainly gold and copper. If you put the history of these three quotes during the last decade of the year 2,000 together on the same chart, you will notice a very similar upward movement between the three quotes. Pure correlation of fundamental analysis.
This strong correlation with commodities in the metals area for the AUD has provided Australia with an economic advantage enviable over the other major powers that have seen their currencies devalue sharply against the AUD. At the same time, they experience a constant decrease in the purchasing power of their citizens.
The NZD maintains a correlation with raw materials related to agriculture and livestock, mainly including milk and its derivatives. It is one of the countries that dominates the world export of these economic items, and also has important exports of metals , although in smaller quantities than Australia.
Finally, you have a correlation with raw materials in the energy area. For historical reasons the CAD, which is not the largest oil producer in the world, but an important supplier to the largest consumer that is the US, has seen its currency oscillate in line with oil prices.
To make long-term investments in the Foreign Exchange Market, it is necessary to take into consideration at least one Commodity Correlation - FOREX in your fundamental analysis.
Forex Technical Analysis RedditThe technical analysis is the methodology that interprets the movements of the price. Specialists look for liquidity to fund their business. The repetition of the strategies used by the specialists in their work generate repetitive patterns.
If you were an analyst, you would develop the visual ability to identify such patterns on a graph. If you were a programmer you would quantify them mathematically using complex formulas.
And if you could learn to interpret the Language of Price, you would have the ability to anticipate 90% of all movements that occur on a chart. And in this business, anticipating is what will make you money.
Market prices are reflected and framed on a horizontal time axis and a vertical price axis. Prices go up or down according to the aggressiveness of the participating operators. In an efficient or balanced market these oscillations should be imperceptible.
But in reality this is not the case, since the Market works thanks to the digital printing of hundreds of billions of units of paper money systematically distributed by the Central Banks through the banking system. These resources serve as a tool to manipulate 100% of the movements that occur in the FOREX Market.
Are you looking for Technical Indicators? All technical indicators were created from the 70's. How do you think that for more than 200 years the speculators of the past accumulated great wealth?
With the Language of Price. The best timing is given by the price itself. Indicator-generated entry signals usually occur at the wrong time.
The basis of technical analysis is human psychology. Unfortunately, human beings are not perfect and are loaded with emotions that dominate their behavior in similar situations, creating repetitive and highly predictable behavior when it occurs in masses.
The study of technical analysis through indicators and subjective training, originates and shapes the collective thinking on which all the traps that specialists execute every day to maintain their business are designed. If the majority won, the Market would cease to exist.
Although you already know that the patterns are not generated by the masses , but the repetitive behavior of the Specialists in the face of the action response of the masses. It is very easy for speculaists, because they can see everyone's orders in their books.
And they also exert a great influence on the decisions of the masses through the mass media. It is what I call the war between the Egg and the Stone , if you hit me you win and if I hit you also you win.
The Deception of Modern Technical AnalysisThrough the centuries thousands of people have been able to extract great benefits from the financial markets by applying the basic strategies of technical analysis and the psychology of the Price Language.
More than 200 years ago when the markets began to operate officially, fundamental analysis predominated, which was only used by large financial institutions. As this analysis tool began to become popular, these institutions began to apply the strategies of technical analysis.
In recent decades and with the massification of internet technology, technical analysis has begun to be handled by anyone who has a computer with internet access. The same financial institutions, which have been present for more than a century and as a result of this overcrowding , establish a strategy to confuse and misinform about the true strategies of technical analysis.
This has been accomplished in the following manner. Currently there are hundreds, if not thousands of technical indicators that have been developed by so-called "gurus" of technical analysis and that sell their magic indicators packed in a "system" or "method" that usually cost thousands of dollars, or simply with the publication of a book with which they generate large profits. Double benefit.
The aim is to confuse the initiates in speculation and create the collective mentality that will originate the same behaviors over and over again. About 95% of these new entrants completely lose all the capital they invest in their early stages as investors.
Leaving them with a negative experience and creating the idea and the image that financial markets are an exclusive area for geniuses with high academic levels and that only they can produce returns in the markets year after year.
The initiate, having lost all his original capital, turns to these “gurus” for help and teachings. You spend more capital on the products they offer you and the cycle repeats itself . Obviously, the vast majority do not relapse and completely forget to re-engage in the stock markets.
I hope you have not been a victim of this drama.
Now I will show you the simplicity of a FOREX technical analysis , without the need to resort to any indicator as a tool to determine an effective entry or exit strategy when planning your operations.
The Price CyclePreviously you studied in the FOREX strategies lesson, that the typical price cycle when it is reflected in a graph, presents four very specific phases and very easy to identify if you perform a technical analysis with common sense . These are:
You will be surprised by the simplicity with which thousands of people around the world and over the centuries have accumulated large sums of money by drawing a few simple lines and applying responsible risk management with their capital.
How to Identify Trends?Being able to determine the trend phases within the price cycle is the essence of technical analysis since it is these two phases that provide you with the probabilistic advantage you need to operate in the markets and obtain constant returns.
In the most plain and simple language, in the world of technical analysis, there are only two types of formations: trends and ranges.
The trends, in turn, can be bullish if they go up, or bearish if they go down. The ranges, on the other hand, can be accumulation if they are at the beginning of the cycle, or distribution if they are in the high part of the cycle. As I had indicated in the topic of FOREX strategies when describing the price cycle.
This sounds more like a play on words, but I will show you the practical definition to simplify your life and then you will apply these definitions on the graph so that everything makes more sense to you.
Some key points from the graph:
The Common Sense, The Less Common of SensesThe central idea of technical analysis consists in determining the price situation of a market, that is, in which phase of the pattern of its cycle it is currently conjugated with the collective thinking of the masses and the possible traps that the market would have prepared to remove. the capital at stake by the public.
To carry out a precise technical analysis, you will use the support and resistance lines, which can be static (horizontal) or dynamic (projecting an angle with respect to the horizontal axis).
Your common sense prevails here.
If you show a 10-year-old a chart, they will be able to tell you if the price is going up or down. You will most likely have no idea how to draw the lines, but you will be able to establish the general trend. Simply using your common sense.
By introducing indicators and other gadgets , the simplicity and effectiveness of the technical analysis created by your common sense evaporates.
The following graph conceptually shows you all the possible situations in which you could draw these lines to carry out your technical analysis of the place. You can clearly observe a downtrend delimited by its dynamic trend line and an uptrend on the right side with its respective dynamic delimitation.
Forex Charts AnalysisI want to remind you that the formations or patterns that develop on the charts (triangles, wedges, pennants, boxes, etc.) only work to execute trades that have initially been confirmed by the static support and resistance lines and to read the collective thinking of the masses.
Chart formations work, but you must know the Language of Price to determine when the Specialists will exploit a chartist figure, or when they will allow it to run. In fact, you will learn with the Language that you can operate a chart figure in any direction.
Much of the "mentalization" that the masses receive is to believe that the figures are made to be respected. Which is an inefficient way of working. Simply because you could wait days or months for a perfect chart figure to occur in order to perform a reliable trade. When in fact there are dozens every day.
Japanese CandlesOf all the tools you have to carry out technical analysis, perhaps the best known and most popular is the Japanese technique of candles (candlesticks).
Candles are mainly used to identify reversal points on the chart without resorting to confirmation of horizontal trend lines and only using a previous bar or candle breaks.
Its correct use is subject to a multi-time analysis (multiple temporalities) and a general evaluation of the context proposed by the market in general at the time of each scenario.
Later I will show you all the important details to take into account so that you use Japanese candles in a simple and very effective way.
Do not forget ... Trading in your beginnings based on formations (chartism) and candlestick patterns conjugated with hundreds of tools and technical indicators, constitutes the perfect path to your failure. Before using any strategy or technique I recommend you focus on learning the Price Language, which includes 3 basic things:
Specialists make money every day at the expense of the collective behavior caused by the use of these strategies and techniques. With which you will only manage to lose your capital and your time by putting the cart in front of the horse.
People who do the opposite, at best become,
... Philosophers of Speculation, or indocile Robot Assistants or Expert Advisors.
To make money in any market condition, range or trend, you must use the technical analysis based on the Price Language and combine it with a correct psychological reading of the price. This knowledge can only be acquired through proper education and lots of supervised practice. Like any other career in life.
I hope you've found this guide helpful!
As all major central banks conduct almost similar easing policy, the Forex pairs can fluctuate within certain levels for a long period. That is actually a good news for range-bound traders, as channels are expected to remain quite strong.ECB
IT and Internet communications companies will likely gain much more attention during the year.Google, Nvidia, Disney, Apple, and many more around the IT and Internet sectors have the full potential to spearhead the S&P in 2020 and further on.
On June 13, iron ore prices jumped to the next high of 2019 amid a decline in reserves in China, which is the largest consumer of iron ore. Ore prices with 62% percentage of iron rose by 3.5% to $ 110.2 per ton, according to S&P Global Platts.submitted by Itrader_com to u/Itrader_com [link] [comments]
Iron ore is a significant source of revenue for several major mining companies, including Anglo American (LON: AAL), BHP, Rio Tinto (LON: RIO) and Vale. The last time iron ore was trading at the highs celebrated this year, more than five years ago, Financial Times notes
“Iron ore inventories in China continue to fall and should reach critically low levels in the second half of the year, especially if demand improves due to stimulus,” Jefferies analyst Christopher LaFemina said to Financial Times.
Steel production in China has grown this year, surpassing all forecasts, and is expected to continue to rise thanks to a policy of encouraging investment in infrastructure implemented by the government of the country.
At the same time, adverse weather conditions limit the extraction of iron ore in Australia. Also, mining has declined after the accident at the Vale tailing dam in Minas Gerais, Brazil.
According to the Jefferies forecast, the reserves of iron in Chinese ports decreased by 28 million tons over the past two months and amounted to 121.6 million tons at the end of last week, which can cover the current demand for ore for 40 days.
Delivery of iron ore to China from Australia takes 30-35 days, from Brazil 80 days. So, the reserves of iron ore in Chinese ports will soon reach critically low levels.
You can find more information about the cryptocurrency, stock market, and FOREX on the ITRADER site.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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How does Forex Work?Forex trading is the simultaneous buying of one currency and selling of another…
Basic TerminologyBefore trading currencies, an investor has to understand the basic terminology of the forex market…
Fundamental AnalysisFundamental analysis is the study of the overall economic, financial, political…
Technical AnalysisTechnical analysis is the study of prices over time, with charts being the primary tool…
Trend LinesThe term ‘trend’ describes the current direction of the financial instrument…
What is a Technical IndicatorTechnical Indicators are a result of mathematical calculations/algorithms…
Gold TradingAs an investment, gold is the most popular of the precious metals…
Order TypesA market order is an order to open a buy or sell position at…
We complete our education centre with a breakdown of Gold Trading and details of the different Order Types.
You can also review our glossary to find brief definitions of various trading and financial terms you may encounter.
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Aprender a operar con Forex | Lernen Sie Forex zu handeln
Topics Which Every Trader Must Master.
Or at least know your Chart Patterns
Support and Resistance v.1
Support and Resistance v.2
Elliot Waves Theory
Elliott Waves 101
How to Trade Market Structure
More educational materials from TRESORFX.com and XNTRADES.com
"WIN EVERY TRADE" - The Guide To Flawless Trading
100% Accurate Forex Trading Signals
Best Forex Broker in the United Kingdom
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Best Forex Broker in Denmark | Bedste Forex Broker i Danmark
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Best Forex Broker in China 中國最好的外匯經紀商
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Best Forex Broker in Vietnam | Nhà môi giới Forex tốt nhất tại Việt Nam
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Best Forex Broker in India | இந்தியாவில் சிறந்த அந்நிய செலாவணி ப்ரோக்கர் | भारत में सर्वश्रेष्ठ विदेशी मुद्रा ब्रोकर
Best Forex Broker in Turkey | Türkiye'nin En İyi Forex Brokerliği
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Turkey's lira weakens 4 percent, Trump says won't take pastor's detention 'sitting down'Here are some other articles about this story:
TOKYO The dollar rose to a two-week high versus the yen on Monday, with the market breathing a sigh of relief as the closely watched two-day U.S.-Japan summit held over the weekend was seen to have ended smoothly.
The dollar index against a basket of major currencies was up 0.15 percent at 100.930.DXY, close to a near two-week high of 101.010 reached on Friday when pledges of "Phenomenal" tax reforms by Trump had boosted the greenback.
The dollar was up 0.65 percent at 113.920 yen JPY=, briefly touching 114.170, the highest since Jan. 30.
"There is relief that the summit ended without confrontation, and that the joint statement did not directly touch upon currency issues," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
"While the outcome of the U.S.-Japan summit itself is not a huge dollar boosting factor, the currency continues to receive firm support from expectations towards Trump's 'phenomenal' tax plans," Yamamoto said.
"The RBNZ has clearly knocked the New Zealand dollar lower. However, we still find it difficult to get overly bearish given a still solid economic picture," wrote Philip Borkin, senior economist at ANZ. The Australian dollar was little changed at $0.7671 AUD=D4 after surging 0.7 percent on Friday on upbeat Chinese trade data and an optimistic economic view given by the Reserve Bank of Australia.
|gifs||For Time Travelers Only - German Fighting Manual from the 1430s||Travelers|
|gaming||What are some good customizable character choices matter single player games for Xbox one?||Xbox|
|explainlikeimfive||ELI5: How could the United States be made to actually pay back our debt?||United|
|nosleep||A new kind of Uber app that I want people to know about - Part 2||Uber|
|videos||This is Why Walmart is Ruining Small Towns in America||Walmart|
|personalfinance||Better savings experience: Discover or Ally?||Discover|
|UpliftingNews||Teen who crashed into BMW finds out why honesty is the best policy||BMW|
|UpliftingNews||Ohio policeman helps girl, 10, with maths homework - BBC News||BBC|
|videos||White Noise Sounds of Frozen Arctic Ocean with Polar Icebreaker Idling - Creating Delta Waves||Delta|
|videos||Joe Rogan Experience #919 - Neil deGrasse Tyson - LIVE||Tyson|
|videos||There's low light photos, then there's better low light photos, then there's awesome low light photos, and THEN there's the Sony α7S II.||Sony|
|mildlyinteresting||These door handles look like Lego lightsabers||Lego|
|dataisbeautiful||Life expectancy to break 90 barrier by 2030 - BBC News||BBC|
|AskReddit||Who here works at Target graveyard shift ? If so how is is ?||Target|
|AskReddit||What is the most underrated city in the United States for a recent college grad, in terms of being not too expensive but has a lot of great opportunities for well paying jobs?||United|
|worldnews||Australia PM takes aim at United Nations for 'one-sided resolutions' to Israeli-Palestinian conflict||United|
|funny||When you misread one little word and think the people at Dove want you to pretend you're Harry Potter...||Dove|
|dataisbeautiful||[The Power of Youtube Marketing||ETRAFFICOC](https://www.reddit.com/dataisbeautiful/comments/5vfwyz/the_power_of_youtube_marketing_etrafficoc/)|
|UpliftingNews||Teen who crashed into BMW finds out why honesty is the best policy||BMW|
|AskReddit||What are your favorite long-form Youtube channels to watch passively?||Youtube|
|pics||Great way to end the day! Orange County, Californ-i-a||Orange|
|AskReddit||If you know with certainty that in ten years Facebook will be passé, what is your best guess as to what happens?|
|explainlikeimfive||ELI5:How does Youtube count the views on a video?||Youtube|
|AskReddit||What would Winston from 1984 think of the ambiguous nature of Hamlet? How would he react at the end of the play?||Winston|
|personalfinance||Leasing a BMW 3 series as a New College Grad||BMW|
|AskReddit||If Reddit users went to war vs Facebook users, who would win?|
|videos||Astrology with Neil deGrasse Tyson & Joe Rogan||Tyson|
|nottheonion||Richmond bar becomes church to avoid ABC ratio law||ABC|
|Documentaries||The Life of Timothy Leary - BBC 2000||BBC|
|explainlikeimfive||ELI5: Why do United States citizens are called Americans while in the rest of America we use a deviation of the country's name?||United|
|news||Sweden probes riot in mainly immigrant Stockholm suburb - BBC News||BBC|
|mildlyinteresting||This McDonald's has a gamecube station!||McDonald's|
|EarthPorn||Found this behind an abandoned Walmart today. 6000x4000||Walmart|
|AskReddit||SeriousPeople from outside the United States, how do you feel about the way your country is portrayed in US films?||United|
|todayilearned||TIL to prove that people can't distinguish Clark Kent from Superman in public, Henry Cavill hung out in Times Square not even wearing glasses. No one recognized him.||Kent|
|funny||Watch these people take acid then attempt to build IKEA furniture||IKEA|
|AskReddit||Moving forward, how can the United States strive toward forming a single, relatively cohesive culture, and stop Balkanising along various politcal, philosophical and socioeconomic lines?||United|
|personalfinance||Started a new contract late last year and get payed through Paypal. Company not sending me 1099 and I was told that Paypal would send me the tax information regarding my income. Didn't reach the transaction minimum for Paypal to send out 1099k.||Paypal|
|explainlikeimfive||ELI5 how the Apple TV remote controls the TVs built-in speakers||Apple|
|Showerthoughts||You aren't being the person who Fred Rogers wanted you to be||Rogers|
|videos||Hilarious video of a man ordering a burnt Subway sandwich.||Subway|
|OldSchoolCool||My mother and Walt Disney July 19, 1955||Walt Disney|
|todayilearned||TIL Mike Tyson began caring for pigeons as a child including throwing his first punch at a bully that killed one of his birds and continued the hobby into his adult life to cope with career failure and the death of his 4 year-old daughter.||Tyson|
|AskReddit||What to do if you fall for the Microsoft Zeus Virus scam?||Microsoft|
|UpliftingNews||Mystery Irish woman gives £50k fiver to charity - BBC News||BBC|
|OldSchoolCool||John Belushi & Chevy Chase 1976||Chase|
|worldnews||Video shows Harrison Ford flying over plane before missed landing||Ford|
|explainlikeimfive||ELI5: In a Parliamentary system, how does this idea of democracy compare and contrast with the framers of the United States Constitutions vision of representative government?||United|
|AskReddit||Why would a thinking person continue to use Facebook in 2017?|
|AskReddit||If you could choose one rock star to become the next president of the United States, who would it be?||United|
|news||Video shows Harrison Ford flying over plane before missed landing||Ford|
|personalfinance||What's the minimum required income and credit score for a Bank of America Better Balance Reward card?||Bank of America|
|pics||Neil deGrasse Tyson in high school wrestling match||Tyson|
|AskReddit||How would the future look now if Microsoft never bought Rare and Nintendo still owned the bulk shares?||Microsoft|
|personalfinance||Debt collectors keep calling about a non existent $600 AT&T debt; I have never used AT&T.||AT&T|
|personalfinance||How much can you make driving for Uber part time?||Uber|
|AskReddit||What kind of responses does the U.S. President receive on Twitter to his highly polarizing online statements?|
|OldSchoolCool||Neil deGrasse Tyson in a high school wrestling match 1976||Tyson|
|Jokes||The Subway I go to uses the metric system.||Subway|
|AskReddit||For those against deportation of illegal aliens in the United States. Why are you againt it?||United|
|AskReddit||Why are you against deportation of illegal aliens in the United States?||United|
|mildlyinteresting||My University's repair company truck has the same color scheme as the adjacent FedEx drop box||FedEx|
|Art||"Key Warden of the eternity Gate" Digital Vector Illustration in Adobe Draw Ipad Pro.||Adobe|
|food||HOMEMADE Orange Chicken with Rice and Broccoli||Orange|
|funny||Apparently McDonald's hides their sauces in the ceiling now.||McDonald's|
|AskReddit||For non-US Redditors, is the United States showing you something that is surprising? Reddit is anti-Trump, obviously. Do you think there are dangers in exposing that our country is so divided?||United|
|worldnews||Ex-Forex Traders in Singapore Get Jail Time for Cheating Banks - Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades.||HSBC|
|worldnews||Ex-Forex Traders in Singapore Get Jail Time for Cheating Banks - Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades.||Deutsche Bank|
|videos||An Honest KFC ad - 'Strya Cuntz'||KFC|
|funny||When the Facebook comments don't fail you...|
|news||Video of Harrison Ford flying over an airliner emerges video in the article||Ford|
|personalfinance||Best way to pay off two Chase credit cards..||Chase|
|gaming||Bill Gates holding an Xbox controller, a cheeseburger, and a smile.||Xbox|
|todayilearned||TIL Malta was the first to fine €3,000 for each racist Facebook post|
|worldnews||The mystery of the anti-UKIP Twitter machine|
|worldnews||Kim Jong-nam killing: Malaysia seeks North Korea embassy official - BBC News||BBC|
|gifs||Helicopter Falls Rapidly Out of the Sky In Urban Area||Sky|
|AskReddit||What is the best way to spend a £50 Google play voucher?|
|AskReddit||What's the weirdest thing you have found on Google Maps?|
|movies||Awesome Ghost in The Shell poster at the Cinema||Shell|
|philosophy||On the subject of Analytical Philosophy and Continental Philosophy||Continental|
|WritingPrompts||WP Pooping is now a Major League Sport is the United States and you have just begun your journey to win the Championship Pooping Belt||United|
|AskReddit||What are some tips for Sony Vegas editing? Plugins?||Sony|
|movies||Maverick Japanese Director Seijun Suzuki Dies at 93||Suzuki|
|gifs||Footage released by John Wayne Airport in California on Tuesday shows a single-engine plane piloted by Harrison Ford mistakenly flying low over an airliner that was taxiing||Ford|
|news||New TV channel for BBC in Scotland||BBC|
|videos||Bicycle 1 - Ferrari 0||Ferrari|
|videos||High-pitched voice theory - Neanderthal - BBC science||BBC|
|Futurology||The 2018 LC 500 isn't another Toyota dressed for the ball, it's Lexus reborn||Toyota|
|Futurology||The 2018 LC 500 isn't another Toyota dressed for the ball, it's Lexus reborn||Lexus|
|worldnews||UK economy grows faster than thought - BBC News||BBC|
|news||New TV channel for BBC in Scotland -||BBC|
|movies||Review: The Lego Dark Knight Beigns 2017||Lego|
|Music||Green Day - Macy's Day Parade Alternative/Indie||Macy's|
|worldnews||Footage released of Harrison Ford's plane near-miss - BBC News||BBC|
|AskReddit||Facebook users of Reddit, what's the stupidest thing you've ever gotten into a Facebook argument about?|
|videos||Ghost In the Shell 1995 - Chase Scene||Shell|
|videos||Ghost In the Shell 1995 - Chase Scene||Chase|
|worldnews||Man jailed for live-streaming Cardiff court case - BBC News||BBC|
|news||Bull Captured After Leading Police On Chase In Jamaica, Queens Has Died||Chase|
|Jokes||Whenever I see an Xbox 360||Xbox|
|funny||Kublai Khan. If this reaches the front page it will be the top Google search of the top Google search for Kublai Khan.|
|todayilearned||TIL Mike Tyson has coped with negative emotions throughout his life by caring for pigeons. As a child he suffered bullying & depression the first punch he ever threw was at a bully that killed one of his birds & as an adult with his sunk career and death of his 4 year-old daughter.||Tyson|
|funny||Seen at Walmart in OKC........||Walmart|
|Music||Miley Cyrus and Flaming Lips - Lucy In The Sky With Diamonds Psychedelia||Sky|
|AskReddit||People of Walmart that voted for Trump, what do you think of his performance thus far?||Walmart|
|AskReddit||Why are Youtube beauty gurus so much naturally beautiful? Is it a trick or harsh reality?||Youtube|
|EarthPorn||The Barren Spell Continues. Glutton Bridge, England, United Kingdom. By Andrew Mowbray 2048 X 1161.||United|
|pics||Neil deGrasse Tyson at a high school wrestling match||Tyson|
|explainlikeimfive||ELI5: What would the United States look like today if no humans have ever explored the land?||United|
|AskReddit||How often does Google preform a backup on Android?|
|nosleep||It was all because I clicked on a Facebook invitation|
|Jokes||You stole my Microsoft Office and for that you’re going to pay...||Microsoft|
|AskReddit||Breaking News Donald Trump will be the 45th President of the United States. What can we expect from Donald Trump?||United|
|worldnews||Kevin O'Leary: Canada's Donald Trump? - BBC News||BBC|
|movies||Cult Japanese Helmer Seijun Suzuki Dies Tokyo Drifter, Branded to Kill||Suzuki|
|gaming||How cool? Lego Defender Arcade Cabinet.||Lego|
|funny||Only on Facebook 🙄|
|videos||the cast of Sesame Street Google Sesame Street and themselves|
|personalfinance||Incorrect balance in online Chase account..? 30 dollars more than it should be||Chase|
|pics||Has anyone ever noticed that the optical sensor on the old Dell mice is shifted to the LEFT by like, three millimetres? I have. And now I'm angry.||Dell|
|UpliftingNews||Teen in China crashes into BMW and learns why honesty is the best policy||BMW|
|explainlikeimfive||ELI5: Was the United States really protecting Latin America from European colonization with the Monroe Doctrine?||United|
|gadgets||AMD Ryzen pricing: $500 for 8-core 1800X CPU, undercutting Intel by $600||Intel|
|movies||Review: The Lego Dark Knight Begins 2017||Lego|
|worldnews||Sweden’s official Twitter account debunks Donald Trump claims line by line|
|mildlyinteresting||These slices of bread with spreads of varying colors look like a meal from a Michelin star restaurant.||Michelin|
|worldnews||Facebook confusion over fake cancer babies U-turn - BBC News||BBC|
|worldnews||Police appoints first female chief Cressida Dick - BBC News||BBC|
|AskReddit||Microsoft programmers: How does Microsoft spin writing spy software for Windows 10 around the office to make it look like something totally acceptable?||Microsoft|
|explainlikeimfive||ELI5: What causes the Coca-Cola and Liquid Nitrogen bottle rocket to take off "like a rocket"?||Coca-Cola|
|mildlyinteresting||When you Google "vice president of the united states" you still get far more responses for Joe Biden than Mike Pence|
|AskReddit||Reddit, what's your most crazy true Waffle House OR Walmart story?||Walmart|
|WritingPrompts||WP A 2nd American civil war between California and its allies versus the United States.||United|
|worldnews||Green campaigners welcome Coca-Cola U-turn on bottle & can recycling scheme - Environmentalists hail ‘landmark moment’ as world’s biggest soft drinks company agrees to set up pilot scheme in Scotland||Coca-Cola|
|Showerthoughts||Imagine if Facebook and Whatsapp notified you when someone took a screenshot of your conversation.....|
|AskReddit||Serious What is your favorite Twitter account?|
|Showerthoughts||Chuck E. Cheese's are a farm system for kids to become Casino enthusiasts as adults||Casino|
|movies||My partner and I recorded an episode of our podcast reviewing The Lego Batman Movie.||Lego|
|worldnews||Beware! Don't Fall For "Font Wasn't Found" Google Chrome Malware Scam|
|Showerthoughts||With all the tracking Google does, you'd think they'd show me some ads for products I'd actually buy.|
|mildlyinteresting||3 separate photos taken of the finish of my race, stitched together beautifully by Google Photos. The only discernable mistake is the man standing by the water.|
|AskReddit||Serious Drunks of Reddit, what is the perfect Taco Bell order?||Bell|
|photoshopbattles||PsBattle: Bill Gates holding an Xbox controller and cheeseburger||Xbox|
|AskReddit||What are some things that the Liberals and Conservatives in the United States can agree on TODAY?||United|
|sports||[Why it matters that Bills QB Tyrod Taylor reportedly has a clean bill of health||FOX Sports](https://www.reddit.com/sports/comments/5vjiok/why_it_matters_that_bills_qb_tyrod_taylo)|
|funny||How to Pronounce Porsche - Tom School||Porsche|
|videos||Pinocchio's story as told by a Playstation 2 Game...||Playstation|
|todayilearned||TIL in addition to patenting the first practical telephone, Alexander Graham Bell developed a hydrofoil motorboat that broke the world marine speed record.||Bell|
|news||Panda's first flight: FedEx sends Bao Bao to China||FedEx|
|todayilearned||TIL Neil deGrasse Tyson Was an Undefeated Jigh School Wrestling Captain and Wrestled for Harvard||Tyson|
|videos||BEYOND BORDERS - The BMW Motorrad LEGO bike||BMW|
|videos||Every Nike Commercial||Nike|
|AskReddit||People who have lived all over the United States, where are your favorite/least favorite places to live?||United|
|funny||Apparently Victoria's Secret forgot how to photo shop. NSFW||Victoria's Secret|
|movies||in the Lego batman movie they kept calling the Daleks "British robots". did the film makes genuinely not know the daleks aren't technically robots, or is the idea that the kid playing with the lego in the real world doesn't know what they are?||Lego|
|space||Neil DeGrasse Tyson discussing what NASA could be announcing today. Potential atmosphere readings very well explained.||Tyson|
|news||Here's the best argument for Apple buying Netflix||Apple|
|worldnews||Switzerland's ABB hit by $100 million South Korean fraud||ABB|
|worldnews||Switzerland's ABB company hit by $100 million South Korean fraud||ABB|
|nottheonion||McDonald's reengineered the straw and is marketing it like an Apple product.||Apple|
|space||Labour deputy leader 'dabs' during PMQs - BBC News||BBC|
|Showerthoughts||What if Apple had made The Matrix? What would it look like?||Apple|
|funny||This showed up on my Facebook feed|
|todayilearned||TIL Carmel, Indiana has become internationally known for its roundabout network. It now has 100 roundabouts, more than any other city in the United States.||United|
|AskReddit||What is a Youtube channel that you always watch but would never subscribe to?||Youtube|
|AskReddit||Serious Who was actually the worst U.S. president in United States history?||United|
|videos||Neil DeGrasse Tyson tells Joe Rogan that some infinities are bigger than others||Tyson|
|space||Star's seven Earth-sized worlds set record - BBC News||BBC|
|space||Astronomers Discover 7 Earth-Like Planets Orbiting Nearby Star||Discover|
|worldnews||Mexico will not accept new "unilateral" U.S. immigration proposals, and will not hesitate in approaching the United Nations to defend immigrants, the country's Foreign Minister Luis Videgaray said on Wednesday, ahead of a meeting with senior U.S. officials.||United|
|worldnews||Star's seven Earth-sized worlds set record - BBC News||BBC|
|AskReddit||Besides Donald Trump, which meme would you want elected into office as president of the United States?||United|
|AskReddit||In regards to the "Miracle on Ice" anniversary, what are some other amazing underdog stories from other countries victories against the United States?||United|
|gaming||Possibly Sony's best un-official Playstation gaming headphones - The Sony MDR-ZX110NA Overhead Noise Cancelling Headphones.#bargain||Sony|
|gaming||Possibly Sony's best un-official Playstation gaming headphones - The Sony MDR-ZX110NA Overhead Noise Cancelling Headphones.#bargain||Playstation|
|science||Star's seven Earth-sized worlds set record - BBC News||BBC|
|gifs||Harrison Ford landing on a taxiway at SNA||Ford|
|mildlyinteresting||There's a mummified gecko in my tail light. Yes, I have Geico insurance||Geico|
|Music||Frida Amundsen - Nothing Compares 2U Piano Cover After watching the Google Pixel commercial, I had to figure out who this was. Amazing cover.|
|tifu||TIFU by pasting theLegend27 in a Google Doc|
|history||The Untold History of the United States accuracy||United|
|Jokes||Have you noticed that if you Google the phrase, "Lost mediaeval servant boy"...|
|mildlyinteresting||This McDonald's has a hand sanitizer dispenser on the bathroom door handle||McDonald's|
|news||Astronomers Discover 7 Earth-sized Planets Orbiting Nearby Star||Discover|
|photoshopbattles||PsBattle: McDonald's in 1980||McDonald's|
|funny||The all new Suzuki Swfit||Suzuki|
|AskReddit||What are the "hidden gems" of Apple apps?||Apple|
|personalfinance||How to not pay the $95 annual fee on your Chase Sapphire Preferred card year 2+||Chase|
|Let's say someone was looking for a stay at home computer job, would you recommend doing what you do? Is it something you can hop into, or is it something a lot of time must be put into before considerable income comes?||You handle risk and pressure well, and you don't let your emotions guide your decision-making. Professional Poker and TCG players often develop this skillset.|
|You have experience working with stocks, bonds, derivatives, foreign exchange, or other financial instruments. If you have a strong mathematical background, that would also likely fulfill this.|
|You can invest significant capital into trading while remaining financially secure if it all suddenly vanishes.|
|You are capable of constantly monitoring a situation, waking up in the middle of the night if an alarm goes off, etc. It requires serious dedication.|
|You are good at keeping up with news, understanding market psychology, and "feeling" shifts in attitude and perception among other market participants.|
|Of those, I'd be most cautious if you don't meet no. 3. Going bust is a real possibility--day-trading a volatile commodity is inherently extremely high-risk. Nos. 2 and 4 are the easiest to learn or force through routine. No. 1 requires a person who approaches things in an emotionally detached manner. No. 5 is something that comes with investing enough time.|
|Second question: I'm answering this after that big block of text because this answer will come off like a get-rich-quick scheme. Yes, you can hop into it very quickly, and you can start making very high profits very quickly. I put in a small initial investment to test the waters, and made 10% on it in a few days. If you have the right skillset, composure, and resources, yes. It is a potentially very lucrative and exciting stay-at-home job. It is not for everyone, though.|
|As much as it would be beneficial for me (being in the industry and all), to tell everyone it's easy and that it will help them provide for themselves I feel that people need to know the real risks that are involved.||Regardless, that's all a little irrelevant. We're not playing the house, and we're not flipping coins. We're playing other investors, and we're making actual decisions. You keep saying things like "98% lose money" and "Go onto any FOREX forum, and you will see from the users posts that they pretty much all lose money" but you don't back it up. Cool, yeah, it's a zero-sum game with a rake: a little more than half of the players will lose. That's expected. They'll probably complain about it, too, huh?|
|Retrospect can have a very positive effect. Got any real account trading statements I can have a look at? Let's see how fast you can come up with excuses not to show me ;)||I only have and need one: I have chosen not to disclose my personal valuation for privacy reasons. Same reason I've had all along. I instead publicly disclose my trades, as they happen, on my website. The posts are timestamped, and the ones that are the start of a position contain the price I entered at. Go check the posts, then go check the charts, then go check my archive. But feel free to continue to arbitrarily call my credibility into question--that makes your argument better!|
|What leverage do you use? In Australia the leverage is typically 100:1, perhaps that's why your not seeing how risky I deem it to be.||First, our argument so far has had nothing to do with risk. Second, I told you I am leveraged 2.5:1, two posts ago. Third, you realize I'm trading Bitcoin, not ForEx, correct? And that no one in their right mind would offer 100:1 leverage on Bitcoin due to its volatility?|
|What's your last year's hourly salary?||A year ago I was finishing up college and extricating myself from the TCG business I'd co-founded. I took very little in take-home pay over that period, but kept part ownership of the continuing business. Money isn't just about the number on your bank account--it's also about residual future income.|
|How many hours a week are you typically on a computer?||On a computer, probably 50-55, if you add in time I spend on my phone, I'd say 65-70. Day trading takes constant watchfulness. I imagine it's like an easier version of taking care of a baby.|
|What are your favorite to sources of news besides waiting for it to get to the front/hot page of /Bitcoin when it's several hours old?||I have an IFTTT for /BitcoinMarkets and /Bitcoin that notifies me early on about some posts.|
|What's the weirdest thing about your mom?||She started a bookselling business online in her 50s and makes more money than me.|
|She's a little old lady who loves gadgets and technology.|
|What are your thoughts on Dogecoin and other bitcoin competitors? Do you think any have staying value?||LTC.|
|Coins that offer something different or that have a strong community to them can be valuable prospects.|
|LTC is the first-mover scrypt coin - DOGE has the most non-techies interested in its success and is spreading quickly as a result - NXT is a cool generation two coin that has a lot of features BTC doesn't have - VTC is ASIC-resistant|
|Ok, let me spell it out to you. The retail forex market only makes up 5% of the total forex markets liquidity. The other 95% is from hedge funds and institutions. Therefore, 99% of the retail market losing their money is very possible, as that only makes up 4.95% of the whole market. Is it possible that 4.95% of the market generally loses? Yes. How is that infeasible?||Nope. That's a false equivalence. It is possible that 4.95% of the market loses. It is not feasible, that, say, 99% of people with blue eyes lose. What, exactly, in empirical terms, is the difference between retail investors and hedge/institutions that causes this INCREDIBLE disparity? Would you care to respond to my above empirical argument that demonstrates that a zero-decision system is flipping a losing coin? Do you consider it feasible for 99% of people playing a 45-55 game to lose?|
|Are there options and/or futures markets for Bitcoin?||Not really yet, but there will be more prominent ones soon. I hear about a new one pretty regularly, it seems, but nothing that seems truly legitimate has come out. I'm certainly excited for them, though.|
|Eventually, once Mr. Lawsky and co. get things sorted out, I'm certain we'll see a big-name investment bank start offering them.|
|From the time you started trading until today, what is your overall percentage return?||In USD, my percentage return calculated from investment to current valuation is about 300% over a little more than 2 months.|
|In BTC, my percentage return calculated from investment to current valuation is about 425% over a little more than 2 months.|
|Using my average per-coin buy-in price, if I had just bought-and-held, I would have lost about 27% of my initial investment value.|
|Ben, i told you I'd be here and asking about Hearthstone first. If there's one class that needs a bit of tuning, up or down, which is it and why?||I think Mage needs basic, class-level tuning. I'm not sure what needs to be done exactly, but I don't like what the Mage class power does to gameplay. I've thought some about how different it would be if it could only hit minions, and I'd want to know if Blizzard had tried that out. The Mage power is too versatile, and over the long-term I think it will prove to be problematic.|
|What's your favorite card?||Lord Jaraxxus is my favorite card. He has a truly legendary feel to him when you play him, but your opponent can still win, even though he's very powerful.|
|So, where do you think we go from here?||I'm currently short, but I don't expect to be so for a lot longer. I don't think we'll get past 550. I also don't expect this drop to hold on for a really long time.|
|I haven't seen a good, substantive rationale for what the MtGox situation really has to do with Bitcoin price. Yes, it looks bad, it certainly doesn't help with our legitimacy, but is it really worth the incredible price declines we continue to see? I don't think so. I think we are seeing these impressive declines because the price on MtGox (which is a reflection of trust in MtGox relative to Bitcoin price, not just Bitcoin price) has been declining heavily. I don't expect it to continue forever, especially not with things like the Winkdex and the accompanying ETF launching.|
|MtGox is basically dead to me, for now at least. The sooner everyone stops paying attention to it, the sooner we can all get back on track, which I, for one, will be quite happy about.|
|Do you think that it's a good thing for a game when the developers of that game discourage certain playing styles (e.g. mill decks or decks that try to win in unconventional manners) whether in hearthstone, MTG, or other TCGs?||It can be. I don't want the developers metaphorically over my shoulder outlawing strategies, but I don't mind if the strategies that are "less fun" for your opponent (Draw/Go, Mill, or Hard Combo from MTG, for example) are also less powerful. Most players prefer a game where the best decks are also among the most fun, because it means that they are playing against fun decks more often. Clearly the 2-cost 3/3 will be played most often. If you fix this by making both 2-cost guys 2/2s or 3/3s, or by making one a 2/3 and the other a 3/2, then you've done something--but it's not that interesting. If you instead make the 2-cost 2/2 have text that says "While you control the 3-cost 3/3, this gets +2/+2" and you give the 3 cost 3/3 text that says "While you control the 2-cost 2/2, it has Taunt" you now have more complex cards that reward players for doing something other than just playing the best stand-alone card.|
|Which do you think is a better option to encourage diversity in TCGs; improving/buffing cards/decks that hardly see any play versus weakening/nerfing cards that are overwhelmingly played?||This is obviously a very simplistic example, but I hope it makes the point. Games are more fun when you give players more relevant choices: buffing and nerfing cards tends not to do that as well as promoting synergies does.|
|Where/what is the actual money behind bitcoin? If it does exist.||You might need to rephrase your question for me to understand what you're asking. If you're asking why a Bitcoin has value, the answer is the same as any other good: because someone is willing to pay it.|
|If you're asking why someone is willing to pay that amount, my answer would be utility.|
|I just got started on Bitfinex (using your referral link) and am a little intimidated. What types of trades would I recommend I try as a beginner?||From there, just keep careful watch, and see what happens. Be neutral and objective toward your own hypothesis, just like in science. Don't be biased by your hopes, be focused on the reality.|
|So far I've only done a liquidity swap offer to try it since it seemed (nearly) risk free. Have you done any liquidity swap or is it too low in profit?||If I'm not going to be able to check my computer for a day or two, or I'm uncertain of what's going to happen the next few days, I do use the liquidity swap function. It's actually very profitable, relative to traditional investments. And you're right, it is low-risk. I'm a fan. Good job selecting it if you were intimidated--that's a good place to start. As far as actually starting trading, do science. Start with a hypothesis. If you were up at 5 AM today when MtGox published their announcement, a good hypothesis might have been something like: "This announcement is going to be a blow to their credibility, and might panic the markets. We'll probably drop by some amount as a result." Invest based on it, figure out around what price you want to take profits, and at what price you'll cut your losses and get out. Stick to those determinations unless something substantive changes. The time you tell yourself you can afford to not close your position because it will "rebound" back to where you want is also the time you lose your shirt.|
|Is it true that you like Balloons?||No, I <3 them.|
|Lol to the question about your mom... Ben, from my understanding Bitcoin is anonymous, does this mean that you can avoid taxation when receiving payment?||Bitcoin isn't anonymous. That's actually a common misconception. It's actually pseudonymous, like Reddit. You end up with an online identity--a wallet address--that you use with Bitcoin.|
|If I walk up to you on a street corner and buy Bitcoin with cash, then I'm pretty much anonymous. If I buy it from a large institution like Coinbase or some other company, they will have records of the address my Bitcoin was bought for. As a result, you can trace them down, generally speaking.|
|As for avoiding taxation, that's a general no.|
|What do you think Bitcoin's biggest hurdle is and how do you think it can be overcome? Are there any misconceptions about Bitcoin that you think people have?||The biggest hurdle for Bitcoin to overcome is governments. Governments have a variety of reasons not to want an alternative currency. We seem to have done pretty well on that front here in the US, but for other countries (China) that is not the case. Past that, the other major hurdle is something I consider an inevitability: consumer adoption. Business adoption has begun in earnest, consumer adoption hasn't. It will when enough businesses take Bitcoin to give it sufficient utility for the average customer.|
|What trading platform do you use to daytrade Bitcoin? What is the standard margin that Bitcoin brokers offer? what's the typical ask/bid spread?||I primarily use Bitfinex.|
|Very few Bitcoin brokers currently offer leverage, Bitfinex offers 2.5:1. Over time, I anticipate it will become more like current Forex, where 10:1 or greater leverage is common.|
|It varies by exchange depending on their fees. Huobi charges 0% fees, so their spread is generally tiny. Some exchanges can be as wide as 1.5%. Typically, I see spreads between .5 and .7%.|
|Do you invest in any other type of cryptocurrency? if so, which is your favorite besides bitcoin?||I currently have no other holdings, but I've held DOGE and LTC at points and am considering VTC and NXT. DOGE is probably my favorite, because if the community can keep this up for a little longer it will snowball into amaze.|
|Can you trade me a Jace?||TMS WWK, TMS FTV, Beleren, MA, or AoT?|
|Beleren.||M10, M11, LOR, JVC, JVCJPN, or Book Promo?|
|M10 and if not possible then M11.||Sure.|
|I've been reading your blog for quite some time and especially like your summaries for recent events. Keep up the good work! Do you use strict stop-loss orders for your trades? When do you decide to close a trade? Especially in situations where you can basically see you profit/loss grow by the minute. When is enough? Do you have a longterm bitcoin investment you don't touch or do you use everything you have for trading?||I do use relatively strict stop losses, but they're not stop loss orders. My conditions usually aren't just the price hitting a certain point, but instead it sustaining for a brief period, or hitting it with a certain volume, or with a certain amount of resistance to retreat. I don't want my stop loss to be triggered by some idiot who dumps 300 BTC and temporarily drops the price 15, but only ends up really dropping it 3. I am very strict with myself about this, though, generally speaking--if I can't trust promises I make to myself, what good am I?|
|Let's say for example you have a sum x dollar and a sum y bitcoin on your trading account. How much % of x or y do you risk at every trade? I've seen a formula for the max. amount of investment and read numerous times that traders shouldn't risk more than one or two percent of their "bankroll". Do you generally have dollar and btc or just one of them at any given time?||100% of funds in every trade, so long as all funds are easily moved into the position. Common exceptions are lack of liquidity and funds being on other exchanges. My reasoning for being all-in all-the-time is that it's a profit-maximizing move. It is also risk-maximizing. My risk tolerance is infinite; most people's isn't. Only ever one. Generally BTC if I'm long, dollar if I'm short. I prefer to double-dip, as otherwise it would be in contradiction to the 100% plan. I use everything I have for trading. Again, profit-maximization, infinite risk tolerance.|
|I decide a closing price when I'm near either my stop loss or my profit aim. I place a limit order or multiple limit orders wherever I need to. I avoid market orders whenever possible. Enough is when I hit my goals or my loss tolerance. I decide these at the start, but I frequently re-evaluate them as news and market conditions develop.|
|What is a typical bid/ask spread for Bitcoin?||It depends what exchange you're looking at, but generally .5-.7%.|
|What's the best way to popularize Bitcoin among the masses? Add your own but would love your thoughts on: -microtransactions developing nations -gift economy (tipping)||I would suggest just running around shouting "You get to be your own bank" is probably the best way.|
|In all seriousness, though--we don't need to try. It's going to happen on its own from now on, as the news media slowly starts to pick up the story. People will start appearing on TV talking about it with more and more frequency. Things like the Dogelympic teams are great PR and help boost it up, as well, of course, but in general it's just going to follow the adoption curve of every other technology.|
|If it picks up in a few developing nations that have stable internet, it will be a massive revolution for them. Self-banking can do a huge amount of good for an economy like theirs. We might see reports on that. If a major newspaper decides to run a permanent paywall like what the Sun-Times tested recently, that could be big as well. The slow PR from tipping on Reddit is another way, to be honest. Every bit helps, but the cryptocurrency community is now large enough that we're going to do a significant amount of organic, word-of-mouth style growth.|
|Do you think that a magic game could beat harthstone?||If they do a good job, absolutely. They have to focus on the right things. It needs to be mobile-available, easy to pick up and play, and fun.|
|Is there a good crypto currency to get in on now, before it explodes like bitcoin did?||There are plenty of options. Check out coinmarketcap.com. Fair warning, there are plenty of horrible things there--treat it kind of like penny stocks. I like BTC, LTC, DOGE, NXT, and VTC.|
|Also, why is it such a pain in the ass to buy them with actual money? Like you have to have bitcoins to buy other crypto currency.||It's such a pain to buy them with USD because no one has made a good system to do it on, like Coinbase. If you think there's a desire, go do it!|
|Well the way I look at it, is how the hell else would you be able to buy them? Not everyone has piles of bitcoins lying around and I really don't want to spend $600+ on a single bitcoin just to buy some other currencies.||Ah, I see the problem! You can buy fractions of a Bitcoin using Coinbase--I think .01BTC (~$6) is their minimum.|
|The March 2013 appreciation was from American and European investors and November 2013 was mainly from Chinese investors. Which group of people do you think will be the next to buy (I hate using the word invest when talking about bitcoin) bitcoin for investment purposes?||American institutional and hobby investors. That is, Wall Street and people who pay attention to Wall Street.|
|Which do you think will be a better long term (~5 years) investment, Bitcoins, Litecoins, Dogecoins, Fetch Lands, Shock Lands, or Original Dual Lands? Does it change for ~10 years?||Either Bitcoin or Fetch lands for 5 years. For 10 years, Bitcoin. I'd be worried about the 10-year view for paper MTG.|
|Ive been mining Bitcoins for years now, i have a good sum im my wallet but i never plan to use them. Does this make me a bad person?||Approximately yes.|
|Ben, I should've simultaneously copied and pasted all of my questions from the Spreecast over to here but here are a few... It seems like the conspiracy crowd has really latched onto the idea of Bitcoin as being a discreet form of currency. If Bitcoin is backed up by the internet why would people choose having a currency that's being tracked over say cash, gold, different commodities?||Having a currency be tracked has negatives and positives, but it's overwhelmingly positive for the average consumer. Because it's tracked, you don't need to pay someone to move your money for you. There also are no chargebacks, which means merchants aren't getting scammed and passing those costs onto consumers. Theft costs everyone money. It's also very fast--transactions confirm in just 10 minutes, regardless of size or where it's going. Transferring dollars from here to China is very difficult--transferring Bitcoin? Just as easy as from anywhere else to anywhere.|
|My job is a mix of voodoo, intuition, science, and news.||In USD, my percentage return calculated from investment to current valuation is about 300% over a little more than 2 months.|
|No, just gambling.||In BTC, my percentage return calculated from investment to current valuation is about 425% over a little more than 2 months.|
|Anyway, how have the profits been from start to finish compared to the market?||Using my average per-coin buy-in price, if I had just bought-and-held, I would have lost about 27% of my initial investment value.|
|Are you willing to disclose how much you have in your trading portfolio/what kind of profit you turn both % and $ wise?||In USD, my percentage return calculated from investment to current valuation is about 300% over a little more than 2 months.|
|In BTC, my percentage return calculated from investment to current valuation is about 425% over a little more than 2 months.|
|Using my average per-coin buy-in price, if I had just bought-and-held, I would have lost about 27% of my initial investment value.|
|What would you say is the easiest method of shorting bitcoin or any other coin?||For shorting Bitcoin or Litecoin, check here.|
|For other coins, there isn't really a good way yet, to the best of my knowledge. A few exchanges have plans to add short-selling, but Bitfinex is really the only one I know of that has.|
|What did you have for breakfast today.||Didn't breakfast, was delicious.|
|Hey Ben, I know next to nothing about Bitcoin. I went to /bitcoin after seeing this AMA on your FB, and I noticed that everyone is going apeshit over "Gox". I have no idea what that means or why everyone is so sad/angry/suicidal.||MtGox (which originally stood for Magic the Gathering Online eXchange) was the first prominent Bitcoin exchange. They've been going through some rather rough times lately, some of which I was an early cataloguer of here. In short, everyone is freaking out because the exchange may be insolvent. It's not really a big deal to Bitcoin as a whole, but it's certainly an obvious blow to credibility. In my view, people are primarily upset because MtGox has been a part of Bitcoin for a very long time, and it can be hard to let go of what we're used to. I expect that they will either fix the issues or will go out of business officially very soon.|
|Please explain what happened.|
|Tell me every artist in your iTunes.||Daft Punk, detektivbyrån, Kid Cudi, Matisyahu, The White Panda.|
|Spotify for life, yo.|
|Follow up question, what % are you in BTC vs Fiat and when you are on the losing side of a trade do you find your self dumping in more to get right or do you pull the cord||Unless my positions are on different exchanges or in different coins, they're all always 100% of what I'll put into that trade at entrance and exit. As a result, I end up with a binary choice: stay or reduce/close. I very rarely reduce position size, nearly always preferring to just end the position instead.|
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