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Piyush Lalsingh Ratnu
As per the analysis posted on 12.08.2020 and 18.08.2020:
BUY at 1926 price zone with target price 1947.00 | Sell limit: 1947/1954/1961 TP: 1926.00 | both directions, targets achieved | Trading Performance: 04.09.2020, economic event: NFP Unemployment Rate.
#gold #forex #forextrader #profit #money #tradeforex #bullion #FundManagers #forextrading #PiyushRatnu
BUY at 1926 price zone with target price 1947.00 | Sell limit: 1947/1954/1961 TP: 1926.00 | both directions, targets achieved | Trading Performance: 04.09.2020, economic event: NFP Unemployment Rate.
#gold #forex #forextrader #profit #money #tradeforex #bullion #FundManagers #forextrading #PiyushRatnu
Piyush Lalsingh Ratnu
Another amazing victory!
As per my analysis posted on 12.08.2020: Buy at 1866/88.
As per my analysis posted on 18.08.2020: Buy zone was at 1926.
Today Gold is back in 1990 zone. Total pips: 130/70*100= 13000/7000.
If you had taken:
1 lot: profit= 13000/7000$
10 lot: profit = 130,000/ 70,000$
100 lot profit = 13,00,000/ 7,00,000$
Those who followed the analysis: am sure made handsome profits! I am sure you would like to see our floating profits on the basis of our own analysis, the same are attached for your reference!
Those who didn’t follow the analysis, better luck next time!
#PiyushRatnu #Gold #Bullion #Forex
Email: piyushratnu@gmail.com for analysis.
As per my analysis posted on 12.08.2020: Buy at 1866/88.
As per my analysis posted on 18.08.2020: Buy zone was at 1926.
Today Gold is back in 1990 zone. Total pips: 130/70*100= 13000/7000.
If you had taken:
1 lot: profit= 13000/7000$
10 lot: profit = 130,000/ 70,000$
100 lot profit = 13,00,000/ 7,00,000$
Those who followed the analysis: am sure made handsome profits! I am sure you would like to see our floating profits on the basis of our own analysis, the same are attached for your reference!
Those who didn’t follow the analysis, better luck next time!
#PiyushRatnu #Gold #Bullion #Forex
Email: piyushratnu@gmail.com for analysis.
Piyush Lalsingh Ratnu
Another amazing victory!
As per my analysis posted on 12.08.2020: Buy at 1866/88.
As per my analysis posted on 18.08.2020: Buy zone was at 1926.
Today Gold is back in 1990 zone. Total pips: 130/70*100= 13000/7000.
If you had taken:
1 lot: profit= 13000/7000$
10 lot: profit = 130,000/ 70,000$
100 lot profit = 13,00,000/ 7,00,000$
Those who followed the analysis: am sure made handsome profits! I am sure you would like to see our floating profits on the basis of our own analysis, the same are attached for your reference!
Those who didn’t follow the analysis, better luck next time!
#PiyushRatnu #Gold #Bullion #Forex
Email: piyushratnu@gmail.com for analysis.
As per my analysis posted on 12.08.2020: Buy at 1866/88.
As per my analysis posted on 18.08.2020: Buy zone was at 1926.
Today Gold is back in 1990 zone. Total pips: 130/70*100= 13000/7000.
If you had taken:
1 lot: profit= 13000/7000$
10 lot: profit = 130,000/ 70,000$
100 lot profit = 13,00,000/ 7,00,000$
Those who followed the analysis: am sure made handsome profits! I am sure you would like to see our floating profits on the basis of our own analysis, the same are attached for your reference!
Those who didn’t follow the analysis, better luck next time!
#PiyushRatnu #Gold #Bullion #Forex
Email: piyushratnu@gmail.com for analysis.
Piyush Lalsingh Ratnu
Gold had its best day since April on 17 August 2020, but market history says it may be time to bet against the precious metal. (Crash after 15 Aug, 2020, as indicated by our algorithms too)
2070-2020-2000-1981-1966/1947-1921-1910-1888/1866-1836-1818-1777-1747-1711-1696-1666
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
2070-2020-2000-1981-1966/1947-1921-1910-1888/1866-1836-1818-1777-1747-1711-1696-1666
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Piyush Lalsingh Ratnu
A Dow buy signal says Warren Buffett’s gold stake came too late for the precious metal: CNBC
Important levels to notice:
2070-2020-2000-1981-1966/1947-1921-1910-1888/1866-1836-1818-1777-1747-1711-1696-1666
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Important levels to notice:
2070-2020-2000-1981-1966/1947-1921-1910-1888/1866-1836-1818-1777-1747-1711-1696-1666
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Piyush Lalsingh Ratnu
Precious Metals began a long anticipated correction a few weeks ago but it was somewhat interrupted by news of Warren Buffett buying a stake in Barrick Gold (NYSE:GOLD).
The Buffett bounce has passed and the correction could reassert itself as the path of least resistance remains to the downside.
Important levels to notice:
2070-2020-2000-1981-1966/1947-1921-1910-1888/1866-1836-1818-1777-1747-1711-1696-1666
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
The Buffett bounce has passed and the correction could reassert itself as the path of least resistance remains to the downside.
Important levels to notice:
2070-2020-2000-1981-1966/1947-1921-1910-1888/1866-1836-1818-1777-1747-1711-1696-1666
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Piyush Lalsingh Ratnu
Market Sentiment:
The investors - rightly or not - worry that mammoth injections of liquidity will translate into higher inflation one day. This is something that creates additional demand for gold as an inflation hedge, supporting its prices.
Important levels to notice:
2070-2020-2000-1981-1966/1947-1921-1910-1888/1866-1836-1818-1777-1747-1711-1696-1666
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
The investors - rightly or not - worry that mammoth injections of liquidity will translate into higher inflation one day. This is something that creates additional demand for gold as an inflation hedge, supporting its prices.
Important levels to notice:
2070-2020-2000-1981-1966/1947-1921-1910-1888/1866-1836-1818-1777-1747-1711-1696-1666
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Piyush Lalsingh Ratnu
GOLD: Downside Risks As Real As $2,000 Target
If it presses on to $1,990, buyers may look for a high of $2,008 next. But failure to hold at this level can push the price back to $1,924-$1,900.
If it tests $1,860 and bounces back to cross $2,000 and enters the bullish channel, a double-bottom can be established.
This potential formation will have the height of about $150, which if added to this week’s reach of $2000-2020, gives us the much anticipated $2,150 and beyond.
Above $1,795, (the) price is indeed heading higher with a topside breach above $2,033 needed to mark resumption. Subsequent topside resistance objective at 2105 and 2179.
Important levels to notice:
2070-2020-2000-1981-1966/1947-1921-1910-1888/1866-1836-1818-1777-1747-1711-1696-1666
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
If it presses on to $1,990, buyers may look for a high of $2,008 next. But failure to hold at this level can push the price back to $1,924-$1,900.
If it tests $1,860 and bounces back to cross $2,000 and enters the bullish channel, a double-bottom can be established.
This potential formation will have the height of about $150, which if added to this week’s reach of $2000-2020, gives us the much anticipated $2,150 and beyond.
Above $1,795, (the) price is indeed heading higher with a topside breach above $2,033 needed to mark resumption. Subsequent topside resistance objective at 2105 and 2179.
Important levels to notice:
2070-2020-2000-1981-1966/1947-1921-1910-1888/1866-1836-1818-1777-1747-1711-1696-1666
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Piyush Lalsingh Ratnu
What would the yield-curve target imply for the monetary policy, economy and the gold market?
Well, it’s not rocket science – capping bond yields means that bond yields will remain very low for longer than they would be without the caps. The Fed would cap Treasury yields, which would allow the government to continue its spending spree and to not worry about the fiscal deficits and soaring public debt.
The yield-curve control flattens the yield curve, which hurts the commercial banks, which usually borrow short-term funds and lend long-term. So, a flat yield curve narrows their margins, impairing their lending ability, which is key to revive the economy.
Last but not least, the yield-curve control can become very easily (if it’s not already) a blunt tool to help government issue debt smoothly and cheaply. As the FOMC admitted itself in minutes of its recent meeting, “monetary policy goals might come in conflict with public debt management goals, which could pose risks to the independence of the central bank.”
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Well, it’s not rocket science – capping bond yields means that bond yields will remain very low for longer than they would be without the caps. The Fed would cap Treasury yields, which would allow the government to continue its spending spree and to not worry about the fiscal deficits and soaring public debt.
The yield-curve control flattens the yield curve, which hurts the commercial banks, which usually borrow short-term funds and lend long-term. So, a flat yield curve narrows their margins, impairing their lending ability, which is key to revive the economy.
Last but not least, the yield-curve control can become very easily (if it’s not already) a blunt tool to help government issue debt smoothly and cheaply. As the FOMC admitted itself in minutes of its recent meeting, “monetary policy goals might come in conflict with public debt management goals, which could pose risks to the independence of the central bank.”
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Piyush Lalsingh Ratnu
In a response to the coronavirus crisis, the Fed has already cut interest rates to zero and implemented quantitative easing. But that’s not enough and the U.S. central bankers are now talking about “yield curve control.” What is it and how it could affect the market?
Normally, the central banks lower the short-term interest rate to stimulate the economy. But the federal funds rate is already at zero, so the Fed now thinks about the yield curve control. It works basically like normal open-market operations – the only difference is that under the yield curve control, the Fed would target some longer-term interest rate. As the central bank would set the short-term rates at zero and it would target also longer-term rates, it would practically control the yield curve, which explains the name. Moreover, the Fed would also promise to buy enough bonds to keep the rate from moving above the target – this is why the yield curve control is also called “interest rate caps” or “interest rate pegs.”
It might be useful to compare the yield curve control with the quantitative easing. While the latter deals with quantities or amounts of bonds (e.g., the Fed commits to buying bonds worth $1 trillion, but the market still influences the price), the former deals with bond prices. In other words, under the yield curve control, the central banks pledge to buy whatever amount of bonds the market wants to supply at the target price (instead of a particular amount of bonds at whatever the price).
Although central banks normally target short-term interest rates, the yield-curve control would not be a new policy. It was already used by the Fed during and after the World War II, when it agreed to help Treasury in financing military expenditures and cap the Treasury yields by buying any Treasury bond that yielded above the target. In a more recent history, the Bank of Japan introduced its yield-curve control in September 2016, pegging yields on 10-year Japanese Treasuries around zero percent. Interestingly, under the yield-curve target, the BoJ has been buying government bonds at a slower pace than under the QE, as the chart below shows. This is because investors accepted that the BoJ would buy whatever quantity of bonds to keep yields from rising, so it has not had to buy too many of them to set the price.
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Normally, the central banks lower the short-term interest rate to stimulate the economy. But the federal funds rate is already at zero, so the Fed now thinks about the yield curve control. It works basically like normal open-market operations – the only difference is that under the yield curve control, the Fed would target some longer-term interest rate. As the central bank would set the short-term rates at zero and it would target also longer-term rates, it would practically control the yield curve, which explains the name. Moreover, the Fed would also promise to buy enough bonds to keep the rate from moving above the target – this is why the yield curve control is also called “interest rate caps” or “interest rate pegs.”
It might be useful to compare the yield curve control with the quantitative easing. While the latter deals with quantities or amounts of bonds (e.g., the Fed commits to buying bonds worth $1 trillion, but the market still influences the price), the former deals with bond prices. In other words, under the yield curve control, the central banks pledge to buy whatever amount of bonds the market wants to supply at the target price (instead of a particular amount of bonds at whatever the price).
Although central banks normally target short-term interest rates, the yield-curve control would not be a new policy. It was already used by the Fed during and after the World War II, when it agreed to help Treasury in financing military expenditures and cap the Treasury yields by buying any Treasury bond that yielded above the target. In a more recent history, the Bank of Japan introduced its yield-curve control in September 2016, pegging yields on 10-year Japanese Treasuries around zero percent. Interestingly, under the yield-curve target, the BoJ has been buying government bonds at a slower pace than under the QE, as the chart below shows. This is because investors accepted that the BoJ would buy whatever quantity of bonds to keep yields from rising, so it has not had to buy too many of them to set the price.
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Piyush Lalsingh Ratnu
The yield-curve control can become very easily (if it’s not already) a blunt tool to help government issue debt smoothly and cheaply. As the FOMC admitted itself in minutes of its recent meeting, “monetary policy goals might come in conflict with public debt management goals, which could pose risks to the independence of the central bank.”
It should be clear now that the yield-curve control should be positive for the gold prices, even if it would reduce the pace of the Fed’s balance sheet expansion (as in the case of the BoJ’s experience). After all, the caps on the Treasury yields imply low interest rates. Importantly, if inflation rises the cap on nominal interest rates this would lead to the decline in the real interest rates, as it happened in the aftermath of the World War II. The yield-curve control also caps the government’s borrowing costs, which encourage the increase in public debt, which raises the risk of the sovereign-debt crisis. Moreover, the yield curve control could spur some worries about the central bank’s independence, which could weaken the U.S. dollar. In such a macroeconomic environment, gold should shine. So, the Fed could cap the Treasury yields, while pushing gold upwards.
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
It should be clear now that the yield-curve control should be positive for the gold prices, even if it would reduce the pace of the Fed’s balance sheet expansion (as in the case of the BoJ’s experience). After all, the caps on the Treasury yields imply low interest rates. Importantly, if inflation rises the cap on nominal interest rates this would lead to the decline in the real interest rates, as it happened in the aftermath of the World War II. The yield-curve control also caps the government’s borrowing costs, which encourage the increase in public debt, which raises the risk of the sovereign-debt crisis. Moreover, the yield curve control could spur some worries about the central bank’s independence, which could weaken the U.S. dollar. In such a macroeconomic environment, gold should shine. So, the Fed could cap the Treasury yields, while pushing gold upwards.
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms | #Gold | #Dollar
Piyush Lalsingh Ratnu
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Subscribe for analysis & trading calls generated by trading algorithms powered by neural network.
Trading accuracy: 89%
Back dated data testing: 8 years
Gold, Silver, USD pairs and Euro pairs.
Analyse 28 currencies in 1 minute
Manage upto 100 accounts through trading robots and multi currency terminal
Execution in 3-5 ms | Reverse and Multiply Trades in seconds.
For more details: email at piyushratnu@gmail.com
Subscribe for analysis & trading calls generated by trading algorithms powered by neural network.
Trading accuracy: 89%
Back dated data testing: 8 years
Gold, Silver, USD pairs and Euro pairs.
Analyse 28 currencies in 1 minute
Manage upto 100 accounts through trading robots and multi currency terminal
Execution in 3-5 ms | Reverse and Multiply Trades in seconds.
For more details: email at piyushratnu@gmail.com
Piyush Lalsingh Ratnu
As per analysis posted on 13.08.2020:
#Gold crashed from 1965-1932.00 and reversed back to 1947 Level. Total pips: 3200
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
#Gold crashed from 1965-1932.00 and reversed back to 1947 Level. Total pips: 3200
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Piyush Lalsingh Ratnu
Trading Performance: 04 August, 2020 | XAUUSD | Spot Gold
Exit price: 2000.00$
Entry price: 1848.00
Holding time: 13 days
Profit booked: 98,000$
#GOLD | Why XAUUSD Gold is rising since 04 August 2020?
US stocks turned positive while at the same time US yields printed fresh lows helping XAU/USD.
The US 10-year yield fell to 0.515%, the lowest since mid-March.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Exit price: 2000.00$
Entry price: 1848.00
Holding time: 13 days
Profit booked: 98,000$
#GOLD | Why XAUUSD Gold is rising since 04 August 2020?
US stocks turned positive while at the same time US yields printed fresh lows helping XAU/USD.
The US 10-year yield fell to 0.515%, the lowest since mid-March.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Piyush Lalsingh Ratnu
Trading Performance: 04 August, 2020 | XAUUSD | Spot Gold
Exit price: 2000.00$
Entry price: 1848.00
Holding time: 13 days
Profit booked: 98,000$
#GOLD | Why XAUUSD Gold is rising since 04 August 2020?
US stocks turned positive while at the same time US yields printed fresh lows helping XAU/USD.
The US 10-year yield fell to 0.515%, the lowest since mid-March.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Exit price: 2000.00$
Entry price: 1848.00
Holding time: 13 days
Profit booked: 98,000$
#GOLD | Why XAUUSD Gold is rising since 04 August 2020?
US stocks turned positive while at the same time US yields printed fresh lows helping XAU/USD.
The US 10-year yield fell to 0.515%, the lowest since mid-March.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Piyush Lalsingh Ratnu
Trading Performance: 04 August, 2020 | XAUUSD | Spot Gold
#GOLD | Why XAUUSD Gold is rising today?
US stocks turned positive while at the same time US yields printed fresh lows helping XAU/USD.
The US 10-year yield fell to 0.515%, the lowest since mid-March.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
#GOLD | Why XAUUSD Gold is rising today?
US stocks turned positive while at the same time US yields printed fresh lows helping XAU/USD.
The US 10-year yield fell to 0.515%, the lowest since mid-March.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Piyush Lalsingh Ratnu
Trading Performance: 31 July 2020 | XAUUSD XAGUSD AUDUSD EURUSD | #Forex #Bullion
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Piyush Lalsingh Ratnu
Top Forex Trading Tips For Beginners
We have covered a lot of information in this article so, we’d like to conclude with an overview of our top Forex trading tips for beginners. If you take anything from this article, it should be these following tips:
Do Your Research
Generally speaking, the less you know, the more at risk you are, and there is no limit to how much you can know or risk. An endless amount of information is available on the internet free of charge, like:
Educational videos on Forex exchange trading for beginners
Educational articles and tutorials
Forex trading seminars for beginners and professionals
Forex trading webinars
If you want to know how to learn Forex trading as a beginner, simply read as much as you possibly can, and always analyse what you read – don’t just take information in good faith.
Test on a Demo Account or With Simulation Software
Every broker offers a demo account – whether you are a beginner or not, test every new strategy there first. Keep going until the results are conclusive and you are confident in what you are testing. Only then should you open a live account and use your strategy in the smallest volume trades available. Be sure to treat your demo account trades as if they were real trades.
Don’t Overcomplicate Things
Don’t overload your charts with indicators, or your strategy with handles or switches. The more complicated your trading strategy is, the harder it will be to follow, and the less likely it is to be effective. To find out how well a strategy performs on average in different markets, you need to carry out the necessary back testing and research.
Keeping it simple can be a real challenge, especially considering the multitude of supporting tools you can apply to your charts. Just remember – it’s not about the amount of tools at your disposal, but it is about being able to use a few tools in an effective way.
Be Careful in Volatile Markets
Volatility is what keeps your trading activity moving. However, if you’re not careful it can also destroy it. When volatile, the market moves sideways, which makes spreads grow and your orders slip. As a beginner Forex trader, you need to accept that once you are in the market, anything can potentially happen, and it can completely negate your strategy.
For example, the crisis with the Swiss Franc in January 2015 ended business for many traders and brokers within hours of its occurrence.
The Trend Is Your Friend
Whether you are a beginner trader or a pro, it is best to trade with what you see and not what you think. For example, you might think that the US dollar is overvalued and has been overvalued for too long. Naturally, you will want to short and you might be right eventually. But if the price is moving up, it does not matter what you think. In fact, it doesn’t matter what anybody thinks – the price is moving up and you should be trading with the trend.
The Trade Is Open Until It’s Closed
A regular Forex trading beginner concentrates on opening a trade, but the exit point is equally important. If your trading strategy does not consider the mechanism of closing a deal, it’s not going to end well, and you’re much more likely to suffer heavy losses.
Write Everything Down
A novice Forex trader must develop the mindset of a business owner. Every business requires a business plan, constant monitoring, and regular auditing. Jumping ahead without plans and processes is a sure-fire way to fail. Starting a trading journal is an absolute must.
Everyday, be sure to write the following:
Points for further research
Reasons to open or close a trade
Your achievements and mistakes.
Keep your journal handy as a point of reference when analysing your activity. A journal ensures none of your actions are in vain. Analysis of good trades will boost your trading confidence and motivate you to push harder and go further. On the other hand, analysis of bad trades will help you to extract value and improve.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
We have covered a lot of information in this article so, we’d like to conclude with an overview of our top Forex trading tips for beginners. If you take anything from this article, it should be these following tips:
Do Your Research
Generally speaking, the less you know, the more at risk you are, and there is no limit to how much you can know or risk. An endless amount of information is available on the internet free of charge, like:
Educational videos on Forex exchange trading for beginners
Educational articles and tutorials
Forex trading seminars for beginners and professionals
Forex trading webinars
If you want to know how to learn Forex trading as a beginner, simply read as much as you possibly can, and always analyse what you read – don’t just take information in good faith.
Test on a Demo Account or With Simulation Software
Every broker offers a demo account – whether you are a beginner or not, test every new strategy there first. Keep going until the results are conclusive and you are confident in what you are testing. Only then should you open a live account and use your strategy in the smallest volume trades available. Be sure to treat your demo account trades as if they were real trades.
Don’t Overcomplicate Things
Don’t overload your charts with indicators, or your strategy with handles or switches. The more complicated your trading strategy is, the harder it will be to follow, and the less likely it is to be effective. To find out how well a strategy performs on average in different markets, you need to carry out the necessary back testing and research.
Keeping it simple can be a real challenge, especially considering the multitude of supporting tools you can apply to your charts. Just remember – it’s not about the amount of tools at your disposal, but it is about being able to use a few tools in an effective way.
Be Careful in Volatile Markets
Volatility is what keeps your trading activity moving. However, if you’re not careful it can also destroy it. When volatile, the market moves sideways, which makes spreads grow and your orders slip. As a beginner Forex trader, you need to accept that once you are in the market, anything can potentially happen, and it can completely negate your strategy.
For example, the crisis with the Swiss Franc in January 2015 ended business for many traders and brokers within hours of its occurrence.
The Trend Is Your Friend
Whether you are a beginner trader or a pro, it is best to trade with what you see and not what you think. For example, you might think that the US dollar is overvalued and has been overvalued for too long. Naturally, you will want to short and you might be right eventually. But if the price is moving up, it does not matter what you think. In fact, it doesn’t matter what anybody thinks – the price is moving up and you should be trading with the trend.
The Trade Is Open Until It’s Closed
A regular Forex trading beginner concentrates on opening a trade, but the exit point is equally important. If your trading strategy does not consider the mechanism of closing a deal, it’s not going to end well, and you’re much more likely to suffer heavy losses.
Write Everything Down
A novice Forex trader must develop the mindset of a business owner. Every business requires a business plan, constant monitoring, and regular auditing. Jumping ahead without plans and processes is a sure-fire way to fail. Starting a trading journal is an absolute must.
Everyday, be sure to write the following:
Points for further research
Reasons to open or close a trade
Your achievements and mistakes.
Keep your journal handy as a point of reference when analysing your activity. A journal ensures none of your actions are in vain. Analysis of good trades will boost your trading confidence and motivate you to push harder and go further. On the other hand, analysis of bad trades will help you to extract value and improve.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Piyush Lalsingh Ratnu
6 Popular Forex Strategies
Now you know the what, the why, and the how of Forex trading. The next step to to create a trading strategy. For beginner traders, the ideal scenario is to follow a simple and effective strategy, which will allow you to confirm what works and what doesn’t work, without too many variables confusing things.
Fortunately, banks, corporations, investors, and speculators have all been trading the markets for decades, which means there is already a wide range of Forex trading strategies to choose from. These include:
Forex scalping: Scalping is a trading strategy that involves buying and selling currency pairs in very short increments – usually anywhere between a few seconds and a few hours. This is a very hands-on strategy that involves making a large number of small profits until those profits add up.
Intraday trading:Forex intraday trading is a more conservative approach than scalping, with trades focusing on daily price trends. Trades may be open anywhere between one to four days, but usually focus on the major sessions for each Forex market.
Swing trading: Swing trading is a medium-term trading approach that focuses on larger price movements than scalping or intraday trading. This means that traders can set up a trade and check in on it within a few hours, or a few days, rather than having to constantly sit in front of their trading platform, making it a good option for people trading alongside a day job.
Forex hedging:Hedging is a risk management technique where a trader can offset potential losses by taking opposite positions in the market. In Forex, this can be done by taking two opposite positions on the same currency pair (e.g. by opening a long trade and a short trade on the GBP/USD currency pair), or by taking opposite positions on two correlated currencies.
The Forex martingale strategy:The martingale strategy is a trading strategy whereby, for every losing trade, you double the investment made in future trades in order to recover your losses, as soon as you make a successful trade. For instance, if you invest 1 EUR on your first trade and lose, on the next trade you would invest 2 EUR, then 4 EUR , then 8 EUR and so on. Please note that this strategy is extremely risky by nature and not suitable for beginners!
The Forex grid strategy: The grid strategy is one that uses buy stop orders and sell stop orders to profit on natural market movements. These orders are usually placed at 10 pip intervals and, by having these stop orders put in place, a trader can then automate this trading strategy.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Now you know the what, the why, and the how of Forex trading. The next step to to create a trading strategy. For beginner traders, the ideal scenario is to follow a simple and effective strategy, which will allow you to confirm what works and what doesn’t work, without too many variables confusing things.
Fortunately, banks, corporations, investors, and speculators have all been trading the markets for decades, which means there is already a wide range of Forex trading strategies to choose from. These include:
Forex scalping: Scalping is a trading strategy that involves buying and selling currency pairs in very short increments – usually anywhere between a few seconds and a few hours. This is a very hands-on strategy that involves making a large number of small profits until those profits add up.
Intraday trading:Forex intraday trading is a more conservative approach than scalping, with trades focusing on daily price trends. Trades may be open anywhere between one to four days, but usually focus on the major sessions for each Forex market.
Swing trading: Swing trading is a medium-term trading approach that focuses on larger price movements than scalping or intraday trading. This means that traders can set up a trade and check in on it within a few hours, or a few days, rather than having to constantly sit in front of their trading platform, making it a good option for people trading alongside a day job.
Forex hedging:Hedging is a risk management technique where a trader can offset potential losses by taking opposite positions in the market. In Forex, this can be done by taking two opposite positions on the same currency pair (e.g. by opening a long trade and a short trade on the GBP/USD currency pair), or by taking opposite positions on two correlated currencies.
The Forex martingale strategy:The martingale strategy is a trading strategy whereby, for every losing trade, you double the investment made in future trades in order to recover your losses, as soon as you make a successful trade. For instance, if you invest 1 EUR on your first trade and lose, on the next trade you would invest 2 EUR, then 4 EUR , then 8 EUR and so on. Please note that this strategy is extremely risky by nature and not suitable for beginners!
The Forex grid strategy: The grid strategy is one that uses buy stop orders and sell stop orders to profit on natural market movements. These orders are usually placed at 10 pip intervals and, by having these stop orders put in place, a trader can then automate this trading strategy.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Piyush Lalsingh Ratnu
Money Management in Forex
Managing your money in Forex trading comes down to the specific measures you use to increase your profits, whilst also minimising potential losses. Successful Forex trading has far more to do with effective money management than having a handful of good trades, and is one of the secrets that separates those who successfully trade FX over the long term, from those who give up after a couple of trades.
For the moment though, here are some money management fundamentals to guide your trading:
Decide how you will finance your trading in advance:Only one kind of money is good for investing, and that’s the kind that you are willing to lose, and preferably without damaging your physical and/or mental wellbeing in the process. Every profitable trader is profitable in their own way, while every loser experiences losses exactly the same way. Remember, use every available opportunity to learn. It’s a never-ending process!
Define your investment level:One of the most common questions about trading Forex is ‘how much do I need to start trading?’ For beginner traders, it’s a good idea to start small and work your way up. Fortunately, many Forex brokers have reasonable minimum deposit levels for opening an account. Be wary of any brokers offering bonuses for certain deposit levels, as these might be scams, where it is very difficult to withdraw your money in the future.
Calculate your risk:Make sure to calculate your risk before you trade. If the potential profits of a trade are smaller than the potential risks, the trade probably isn’t a good decision. You can assess your risk with our free Forex calculator.
Determine the profits required to cover any losses: Along with calculating your risks before any trade, it’s also worth calculating how much you would need to make to regain those funds in any future trade. It’s often harder to earn money back than it is to lose it, simply because your remaining investment pool is smaller, which means you have to make a larger profit (percentage wise) to break even.For example, if you invested 5,000 EUR and lost 1,000 EUR, you will have lost 20% of your balance, leaving you with a final balance of 4,000 EUR. To bring your balance back to 5,000 EUR, you will need to make a profit of 1,000 EUR. However, with a starting balance of 4,000 EUR (after the previous loss), there is now a 25% gain, rather than a 20% one.
Start with small trades: To help you manage your risk and preserve your capital, start by trading small sums of money, rather than taking big risks with a large portion of your account balance. For instance, in the previous example, if you put your entire 2,000 EUR account balance on a single trade, it would be easy to lose it all.By contrast, if you just traded 20 EUR, a loss would not significantly affect your account balance. It would provide you with the opportunity to learn from your experience and plan your next trade more effectively. With this in mind, limiting the capital you are prepared to risk to 5% of your account balance (or lower) will put you in a better position to continue trading Forex (and improving your technique) over the long term.
Risk Management Tools and Techniques
Once you have mastered your trading psychology and money management, there are a number of trading techniques you can apply to further reduce your risk.
Diversify your portfolio:We all know the saying, ‘don’t put all your eggs in one basket’, yet many new FX traders do this when it comes to their trading. Just as it isn’t wise to put all of your funds into a single trade, relying on a single currency pair increases your level of risk, because if the pair moves in a different direction to what you expect, you could lose everything. Instead, consider opening a number of small trades across different Forex pairs.You could even consider trading other CFD instruments as well, such as shares, indices, commodities, cryptocurrencies and more, as these will further diversify your trading portfolio.
Use leverage wisely:As we’ve already mentioned, Forex CFDs allow you to trade on a margin, or by using leverage. However, just because 1:30 (or 1:500) leverage is available, it doesn’t mean that you need to use it. At some brokers, while there is a maximum amount of leverage available to our clients, they are still able to choose the amount of leverage they use when they are trading, which may be anything up to that amount.For instance, after assessing your risk, you might decide that the potential costs of trading with a 1:30 level of leverage are too great, and you are more comfortable with 1:5. Choosing a lower nominal leverage will help you to manage your risk effectively, especially if you are new to Forex trading.
Focus on the long term:The initial stages of your trading should be about preserving your capital – not trying to grow it. Minimising risk is the primary objective. One way to possibly achieve this is by utilising a long-term trading stance.What casual Forex trading beginners often fail to realise is that the most successful traders try to make a return on their investment based on long-term trends. They often hold their orders open for weeks, months and even years at a time. This way, Forex works as an investment rather than a lottery.
Use a stop loss:A stop loss is tool that traders use to limit their potential losses. Simply put, it is the price level at which you will close a trade that isn’t moving in your favour, thereby preventing any further losses as the market continues to move in that direction. You can also use a stop loss to conserve any profits you might have already made – the tool to achieve this is known as a ‘trailing’ stop loss, which follows the direction of the market.For instance, if you opened a long trade on the GBP/USD currency pair, and the pair increased in value, the price limit at which the trade should close (the stop loss) would climb alongside the price of the currency pair. If the value of the GBP/USD then started to fall, the trade would be closed as soon as it hit your stop loss, preserving any profits you had made beforehand.
Continue your Forex education:The markets are constantly changing, with new trading ideas and strategies being published regularly. To ensure you continue to develop your trading skills, it’s important to stay on top of your trading education by regularly reviewing market analysis and by learning new trading strategies. For more trading education, take a look at our Forex and CFD webinars, which are designed to grow your knowledge as you start and continue to trade.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms
Managing your money in Forex trading comes down to the specific measures you use to increase your profits, whilst also minimising potential losses. Successful Forex trading has far more to do with effective money management than having a handful of good trades, and is one of the secrets that separates those who successfully trade FX over the long term, from those who give up after a couple of trades.
For the moment though, here are some money management fundamentals to guide your trading:
Decide how you will finance your trading in advance:Only one kind of money is good for investing, and that’s the kind that you are willing to lose, and preferably without damaging your physical and/or mental wellbeing in the process. Every profitable trader is profitable in their own way, while every loser experiences losses exactly the same way. Remember, use every available opportunity to learn. It’s a never-ending process!
Define your investment level:One of the most common questions about trading Forex is ‘how much do I need to start trading?’ For beginner traders, it’s a good idea to start small and work your way up. Fortunately, many Forex brokers have reasonable minimum deposit levels for opening an account. Be wary of any brokers offering bonuses for certain deposit levels, as these might be scams, where it is very difficult to withdraw your money in the future.
Calculate your risk:Make sure to calculate your risk before you trade. If the potential profits of a trade are smaller than the potential risks, the trade probably isn’t a good decision. You can assess your risk with our free Forex calculator.
Determine the profits required to cover any losses: Along with calculating your risks before any trade, it’s also worth calculating how much you would need to make to regain those funds in any future trade. It’s often harder to earn money back than it is to lose it, simply because your remaining investment pool is smaller, which means you have to make a larger profit (percentage wise) to break even.For example, if you invested 5,000 EUR and lost 1,000 EUR, you will have lost 20% of your balance, leaving you with a final balance of 4,000 EUR. To bring your balance back to 5,000 EUR, you will need to make a profit of 1,000 EUR. However, with a starting balance of 4,000 EUR (after the previous loss), there is now a 25% gain, rather than a 20% one.
Start with small trades: To help you manage your risk and preserve your capital, start by trading small sums of money, rather than taking big risks with a large portion of your account balance. For instance, in the previous example, if you put your entire 2,000 EUR account balance on a single trade, it would be easy to lose it all.By contrast, if you just traded 20 EUR, a loss would not significantly affect your account balance. It would provide you with the opportunity to learn from your experience and plan your next trade more effectively. With this in mind, limiting the capital you are prepared to risk to 5% of your account balance (or lower) will put you in a better position to continue trading Forex (and improving your technique) over the long term.
Risk Management Tools and Techniques
Once you have mastered your trading psychology and money management, there are a number of trading techniques you can apply to further reduce your risk.
Diversify your portfolio:We all know the saying, ‘don’t put all your eggs in one basket’, yet many new FX traders do this when it comes to their trading. Just as it isn’t wise to put all of your funds into a single trade, relying on a single currency pair increases your level of risk, because if the pair moves in a different direction to what you expect, you could lose everything. Instead, consider opening a number of small trades across different Forex pairs.You could even consider trading other CFD instruments as well, such as shares, indices, commodities, cryptocurrencies and more, as these will further diversify your trading portfolio.
Use leverage wisely:As we’ve already mentioned, Forex CFDs allow you to trade on a margin, or by using leverage. However, just because 1:30 (or 1:500) leverage is available, it doesn’t mean that you need to use it. At some brokers, while there is a maximum amount of leverage available to our clients, they are still able to choose the amount of leverage they use when they are trading, which may be anything up to that amount.For instance, after assessing your risk, you might decide that the potential costs of trading with a 1:30 level of leverage are too great, and you are more comfortable with 1:5. Choosing a lower nominal leverage will help you to manage your risk effectively, especially if you are new to Forex trading.
Focus on the long term:The initial stages of your trading should be about preserving your capital – not trying to grow it. Minimising risk is the primary objective. One way to possibly achieve this is by utilising a long-term trading stance.What casual Forex trading beginners often fail to realise is that the most successful traders try to make a return on their investment based on long-term trends. They often hold their orders open for weeks, months and even years at a time. This way, Forex works as an investment rather than a lottery.
Use a stop loss:A stop loss is tool that traders use to limit their potential losses. Simply put, it is the price level at which you will close a trade that isn’t moving in your favour, thereby preventing any further losses as the market continues to move in that direction. You can also use a stop loss to conserve any profits you might have already made – the tool to achieve this is known as a ‘trailing’ stop loss, which follows the direction of the market.For instance, if you opened a long trade on the GBP/USD currency pair, and the pair increased in value, the price limit at which the trade should close (the stop loss) would climb alongside the price of the currency pair. If the value of the GBP/USD then started to fall, the trade would be closed as soon as it hit your stop loss, preserving any profits you had made beforehand.
Continue your Forex education:The markets are constantly changing, with new trading ideas and strategies being published regularly. To ensure you continue to develop your trading skills, it’s important to stay on top of your trading education by regularly reviewing market analysis and by learning new trading strategies. For more trading education, take a look at our Forex and CFD webinars, which are designed to grow your knowledge as you start and continue to trade.
For more details/queries, email at piyushratnu@gmail.com
#PiyushRatnu | #Forex | #Bullion | #Trading | #Algorithms