Category: Forex Trading

One of the main advantages of Pine Script is its flexibility. It allows traders to customize their indicators, scripts, and strategies without having to learn a complex programming language. This makes it perfect for both beginner and advanced traders alike. TradingView has designed its own scripting language calledPine Script.It allows users to create custom indicators and run themon our servers. Pine was designed as a lightweightlanguage focused on the specific task of developing indicators and strategies. Most of TradingView’sbuilt-in indicators have been coded in Pine. Usually, you would provide an expression to a switch statement and evaluate your code against that expression. Otherwise, if condition 2 is true, the script returns value 2. If conditions 1 and 2 return false, the script returns na (null) value. You will see a linearly increasing plot in the output since the value of the persistent_var variable increases with every bar. We will go into the details of indicators and plots in a later section. But first,...

Known as a “cryptocurrency”, Bitcoin is a form of digital currency. Since it was created in 2009 it has become an increasingly widely accepted form of international currency, used by everyone from governments to small retail outlets. There is an Autochartist trading community that includes tutorial videos to help you understand how to use and personalise the software. You can review the past 6 months performance statistics of the patterns and levels found by Autochartist to see those that worked and those that did not. Autochartist automatically finds Fibonacci patterns such as extensions and retracements as well as chart patterns such as Triangles, Wedges, Tops and Bottoms. It can send you notifications when a pattern is discovered and identifies possible support and resistance levels based on these patterns. Deals & Promotions The standard account requires no minimum deposit, has variable spreads starting from just 0.4 pips and charges no commission. This account does not have the lowest spreads but on the plus...

But by the end of the period, buyers resurface and bid prices back up to close near the open. The hammer candle has a small real body at the top of a long lower shadow and little https://www.topforexnews.org/brokers/xtb-review-is-xtb-a-scam-or-legit-forex-broker/ or no upper shadow. The long lower shadow indicates that the asset traded significantly lower than its opening price during the candle period but rallied to close near the open. The hammer-shaped candlestick that appears on the chart has a lower shadow at least twice the size of the real body. The pattern suggests that sellers have attempted to push the price lower, but buyers have eventually regained control and returned the price near its opening level. Several candlestick patterns are utilized by traders and market analysts as indicators of potential market reversals. In addition to the hammer candlestick formation, other candlestick charting market reversal signals include the hanging man candlestick and the shooting star candlestick. The hammer candlestick pattern is considered a...

However, it's recommended to wait for confirmation from the next candle or other technical indicators to validate the signal. It offers traders a visual representation of the tug-of-war between buyers and sellers. The long lower shadow signifies a period during which sellers pushed prices lower, but buyers managed to pull the price back up, indicating a possible shift in momentum. Arjun is a seasoned stock market content expert with over 7 years of experience in stock market, technical & fundamental analysis. Arjun is an active stock market investor with his in-depth stock market analysis knowledge. Finally, bullish crossovers on momentum oscillators like MACD and RSI provide additional technical affirmation that upside momentum is building.Traders wait for confirmation that buyers have actually seized control before entering new bullish trades.Prefer Hammer signals with an increase in volume for greater significance.The high volume shows increased participation as the lows were tested.The bearish engulfing is the opposite, with a red body engulfing a previous green...

IQ Edge enables a wide variety of conditional orders that are not available on the web or mobile platforms. You must have a Canadian address to open an account. Questrade cannot hold regular trading accounts (non-registered accounts) for U.S. residents, even if they are Canadian citizens. Well I love the site the customer service is non-existent! DO NOT TRUST QUESTRADE WITH YOUR REGISTERED ACCOUNTS. Horrible handling of my time sensitive FHSA transfer cancellation issue. Customer service was poor, and the transfer in and transfer out email inboxes did not reply to this urgent issue. I initiated an FHSA transfer from Questrade to BMO, and was informed I would be charged a $150 transfer fee. Questrade's Pricing and Fees As a Canadian trader, you can also invest in the broker’s robo-advisory service through Questrade Portfolios if you prefer a hands-off, fully automated investing approach. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all...

They also determine the dollar value of a unit move or a tick size in the underlying commodity or instrument. Choosing the appropriate lot size is crucial for managing risk and maximizing potential profit. Here are some factors to consider when choosing the right lot size for your trades. One important concept that every forex trader must understand is contract size. In conclusion, understanding contract size is a fundamental aspect of forex trading. It determines the amount of currency being traded and affects the value of each pip movement. Traders should carefully consider contract sizes based on their risk tolerance, capital availability, and trading strategy. Starting with smaller contract sizes can be beneficial for beginners, as it allows them to learn and practice without exposing themselves to excessive risk. Its contract size is one-fifth that of the standard S&P 500 futures contract, which was delisted in September 2021.It represents the amount of the asset that will be bought or sold when a...

Forex brokers offer different contract sizes to cater to the needs of different traders, and each size has its advantages and disadvantages. Traders should choose a contract size that matches their trading capital, risk tolerance, and trading strategy. By understanding the contract size, traders can manage https://www.topforexnews.org/investing/is-it-a-good-time-to-invest-in-apple/ their risk effectively and increase their chances of making a profit in the forex market. The contract size determines the value of each pip movement in a trade. A pip is the smallest unit of price movement in the forex market, and its value varies depending on the currency pair being traded. A standard lot consists of 100,000 currency units, a mini lot is 10,000 currency units, and a micro lot is 1,000 currency units.Choosing the right lot size is a crucial decision in forex trading.For example, if a trader is buying EUR/USD, the base currency is the euro, and the quote currency is the US dollar.It is an essential term to understand...

So keep an eye on data analytics and the tools that make a data-driven approach possible. For brands that slip up, audiences will notice, and your credibility will be impacted. Technology can be a great tool to find out about your target audience, but PR experts are still needed to ensure a human connection. The way brands personalize their messages and content in general will need to be more authentic. PR professionals should not rely on journalists to bring their campaigns to life. Interactive Content There is no doubt that the fast-growing capabilities of AI are going to have big implications for the PR industry in the years to come. While some may worry about how this could change the industry, many see technology as only improving the daily workflows for PR professionals. It’s no longer enough for brands to give a simple nod to their corporate values, ethics, and their responsibility to their communities. Consumers are quick to call out companies...

Think of this as the continuation of a PR trend that’s been ongoing for years now. If you want to reach a media professional quickly, head to Twitter. Outlets can offer information like their number of monthly unique visitors, ad impressions, etc., but that doesn’t really offer the full data picture that brands are looking for. Brands want to know how their PR efforts are actually changing brand perception, convincing clients to make purchases, and increasing loyalty, among other metrics. Lastly, PR campaigns that align with social and environmental causes resonate strongly with consumers. Be sure to integrate purpose-driven initiatives into your PR strategies. Explore the latest in B2B PR and marketing Companies that promote diversity and inclusion as part of their public relations tactics are not only appealing to customers, but also prospective employees. “There are more PR practitioners and fewer journalists than ever before. Taking a ‘spray and pray’ approach is likely to be ineffective as journalists are looking for...

When negative news hits the media and the brand experiences negative publicity, social media will continue to play an important role. It could be a faulty product, an accounting oversight, or a supply chain issues. It doesn’t matter; unresolved issues can quickly escalate into much bigger ones, causing significant financial and reputational damage to your business. With that in mind, things like localization and a strong hook are more likely to give your brand a competitive kickoff.You can accomplish this by staying true to your values, being transparent, and fostering open communication.Read on to discover what they are and learn what PR trends they think should be left behind in 2022.Customers can take advantage of exclusive deals, early access to new products, or special events in the metaverse if they are loyal to the brand.But the reality is that it helps streamline the PR processes. PR Trends: Getting Ready The first step to understanding influencer marketing is to understand authentic influence. An influencer...