Why less is more in forex trading

Three top tips for trading the markets like a pro

Developing and sticking to your trading strategy is crucial if you trade CFDs on forex, commodities, indices and shares. Simply put, veering from your forex trading strategy is a risky move that could see you lose funds, and that’s something that no trader wants to happen.

The fact is though that many traders slip into negative trading habits such as trading intra-day price variations or withdrawing a cost-effective trade simply because the market started retracing against a position. These kinds of trading habits are counterproductive to your success as you are overreacting to normal price variations in a market.

Why less is more

Less is definitely more when it comes to trading the world’s markets – it really is crucial. To hammer this point home, we’ll look at 3 key points: market dynamics, price action and how not to react to every market fluctuation.

In trading, ‘a freight train’ refers to trends with tonnes of momentum behind them. If you look at the charts, you’ll soon realise that EURUSD, USDJPY and AUDUSD have long multi-month trends. These trends, just like real freight trains, don’t alter direction quickly or easily. Our freight train analogy brings us to my 3 tips to ensure that you instill ‘less is more’ in your trading strategy.

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Automated forex system trading

What is the advantage of automated forex system trading?

Forex trading now offers millions of people with an automated Forex system trading so that traders can employ a pre-programmed trading system for their Forex trade. There are many advantages to these automated trading systems in Forex market. However, it is essential to understand how it works before using an automated trading system.

Idea of automated forex system trading

An automated Forex system trading is the trading in Forex market that is performed on the basis of computerized programs. These programs are developed on the basis of best strategies for trading. This program can be developed according to the trading approach. This would be a customized automated trading in Forex market, but you can also get the pre-programmed automated systems that can be installed on the computer. These automated systems can run on the basis of robotic Forex trading. In addition to this, these programs can also be created on the basis of signal based trading.

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Ethereum for beginners

Ether is the second largest cryptocurrency in terms of market capitalisation. The total value in the market is approximately $85 billion (value correct on 28/2/18). Even though it is considerably behind Bitcoin, Ethereum is well ahead of other major cryptocurrencies such as Ripple and Litecoin.

If you want to find out about Ethereum, what it can be used for and its potential then this guide is for you.

What is Ethereum?
Ethereum is a decentralised programmable blockchain based software platform that runs smart contracts. The network is based on the blockchain technology and enables you to build decentralized apps and use the network if you have Ether. Ether is the cryptocurrency which helps in running the platform.

Basically, Ethereum functions as a platform through which Ether tokens can be used to create and run applications and smart contracts.

Ether is also used as a cryptocurrency and is traded on different exchanges.

What is a smart contract?
A smart contract is a blockchain based protocol that directly controls the transfer of digital currencies or assets between two exchanging parties. When a smart contract runs on the blockchain, it automatically executes under specific conditions. On the blockchain, smart contracts run exactly as programmed without any downtime, fraud or third-party interference. They solve a real problem by making existing systems better.

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Wall St strategist: $25k Bitcoin by year end

Bitcoin value currently around $10k but will be worth more than double by year end says Fundstrat

Fundstrat, one of Wall Street’s leading investment advisories, believes Bitcoin will soon return to the $20,000 value reached in 2017. Tom Lee is Fundstrat’s co-founder and has been a leading Wall Street strategist for 25 years. They published a cryptocurrency report (February 28) with analysis on price expectations also highlighting notable companies like Rakuten and plans to launch their own Rakuten Coin.

CNBC spoke to Lee about the report where he added that he expected Bitcoin to reach $20,000 by the middle of the year. He also expects it to reach $25,000 by year end based on historical price trends and crypto-related announcements by major companies.

Lee said: “The announcement by Rakuten is another example of positive developments in crypto in 2018, suggesting the large sell-off in Bitcoin and others at the start of the year was an overshoot to the downside.”

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Is Ripple the best cryptocurrency to invest in?

Ripple is emerging as the cryptocurrency with the most real world use as more financial institutions partner with it to provide payment solutions

Ripple is emerging from the pack of cryptocurrencies as one of the most likely to make a big impact in the financial services sector. Major companies are partnering with Ripple on payments projects to use its platforms. If these prove fruitful Ripple’s blockchain technology will take a step closer to becoming anindustry standard.

Saudi Arabia’s central bank announced on February 14 that it was partnering with Ripple on a payments ledger. The system enables local banks to deploy Ripple’s xCurrent for cross-border payments and will save up to $400 million per year, according to Moody’s Investor Services.

It’s not the first central bank Ripple have cooperated with. The Bank of England (BoE) successfully completed a proof of concept eight months ago to synchronise a payment between two central bank systems. It was part of the BoE’s exploration of solutions on how to update their payments systems.

Then, Mark Carney, governor of the BoE, said the cryptographic system that underpins virtual currencies is “not sufficiently mature” to support the scale of the bank’s payment requirements. However, the test “highlighted areas where we would like to conduct more exploratory work.”

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The Bitcoin, Litecoin, Ripple & Ethereum survival guide

Are you still confused about Bitcoin? Or maybe you don’t know what cryptocurrency is and why it is so significant. Our Bitcoin survival guide will outline everything you need to know and help you make the right decisions when investing.

Throughout this guide I will refer to Bitcoin, but the information applies to Litecoin, Ripple and Ethereum as well. Read on to find out all you need to know about Bitcoin and surviving the market trends.

What is cryptocurrency?
A cryptocurrency is a digital currency that uses cryptography to secure its transactions.

How can cryptocurrency be used as money?
Currency is a system of money and a form of exchange in general use in a specific country. At present, the Dollar is the most widely used currency around the world.

Anything can be used as a form of exchange, and this includes cryptocurrency.

Bitcoin is a ‘cryptocurrency’
Bitcoin is a type of cryptocurrency. There are many other cryptocurrencies such as Ripple, Litecoin, Dash, etc.

Bitcoin is the most popular because it was the first successful cryptocurrency to emerge. It is a digital currency that can be used to complete a transaction between two parties without involving a middleman. It allows direct, private transactions between users with almost no transaction costs. This is achieved because it is powered by blockchain technology.

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Buy, sell, and exchange cryptocurrencies with the FXB Crypto Webtrader

The FXB Crypto Webtrader allows you to buy, sell and exchange cryptocurrencies directly from your web browser in a couple of clicks with no additional software. All you need is an internet connection and a PC.  The Crypto Webtrader is a regular part of the desktop platform. The application is safe to use – all transmitted data is securely encrypted.

• Crypto Webtrader Features
• Trade directly from any internet browser
• Compatibility with Windows, MacOS, Linux
• Reliable data protection
• Maximise your opportunities with real-time instant quotes

FXB Crypto Webtrader offers a reliable and secure platform where you can buy, sell and exchange popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, Monero, etc.

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