Moving averages explained

Matt Daemon

Forex Jedi. Madrid, Spain

Learn how to trade with one of the most popular Forex indicators - Moving Averages. In this article, we explain how to use moving averages as a technical analysis tool to determine the strength of current market trends.

If you're a novice trader you probably already heard the term ‘moving average’. You saw it in articles, but perhaps you’re not quite sure what it is and what’s its purpose. Or maybe, you are an experienced trader who never dived into the world of technical indicators such as moving averages.

What is it?

Moving averages are among the most widely used and efficient indicators for technical analysis.

What does it do?

It helps to smooth out the price action by filtering out the so-called ‘noise’’ from price fluctuations. Moving averages identify the trend direction and determine support and resistance levels.

Types

There are four different types of moving averages, some more complex than others. The two most commonly used moving averages are:

SMA- Simple Moving Average

EMA- Exponential Moving Average

The other two types are:

SMMA- Smoothed Moving Average

LWMA- Linear Weighted Moving Average

The formula for each type is different. In fact, it's the calculation that diverges all four considerably from each other. SMA is the simple average of a security over a defined number of time periods, and the EMA gives greater weight to more recent prices. You can learn more about SMA and EMA here.

Timeframe

Moving averages are based on past prices. It either follows the trend, or it lags. The longer the timeframe for the moving average the greater the lag. To put it simply, depending on the timeframe the indicator will be positioned differently on the chart.

How to use moving averages?

The timeframe is an important aspect, namely the length of the moving average depends on the trading objectives. Shorter moving averages are suited for short-term trading and longer term moving averages are more suited for long-term investors. Breaks above and below moving average are considered to be important trading signals. For instance, many traders watch for short-term averages to cross above long-term averages to signal the beginning of an uptrend. Traders identify trading patterns to determine the profitability of a trade. Two popular trading patterns that use Simple Moving Average include the death cross and the golden cross.

The golden cross occurs when a short-term MA breaks above a long-term MA. Reinforced by high trading volumes, it can signal that further gains are in store. Death cross, on the other hand, occurs when the 50-day SMA crossed below the 200-day SMA. This is considered a bearish signal that further losses are in store. It is vital to learn these patterns to recognise certain market behaviours and profit.

Moreover, moving averages also have a huge analytical significance. For example, SMA is used to identify current price trends and the potential for a change in an established trend. It helps to determine quickly if a security is in an uptrend or a downtrend. It can also be used to compare a pair of simple moving averages with each covering a different timeframe.

Knowing the basic of moving averages, you can now start exploring the world of technical analysis which is key to forex trading as one of the pillars of forex analysis which we believe is trifold. Start identifying crossovers and patterns mentioned in the article to recognise the trend of the market and profit.  

Why Forex traders lose money

Adam Weber

Professional trader, journalist. Frankfurt, Germany.

Let's address the issue of losses, and ask ourselves why Forex traders lose money. Learn real statistics and actual reasons why forex traders lose money to avoid mistakes in your trading.

Why do Forex traders lose money?

"95% of all traders fail and end up quitting." This statement repeatedly appears on Forex websites and forums, yet there is no actual article or official statistic that will confirm the accuracy of this number. Let's address the issue of losses, and ask ourselves why Forex traders lose money.

Traders often forget that trading requires the development of skill over time. You cannot become a millionaire overnight. Unfortunately, nowadays too many traders take a wild west approach to trading. And it might work for a while, but when it's over, it's really over. Here are the main reasons why Forex traders fail to profit.

Capital issue

A prevalent mindset among beginners is that they can make easy money by trading Forex. Often beginners invest money they can’t afford to lose or spend little on trading big. Avoid discouragement and open trades proportionate to your capital. Otherwise, you'll find yourself worrying about every swing of the market. Remember that it is risky to trade large lot sizes using high leverage to generate high returns on a small amount of initial capital. Before investing, consult a broker about the recommended deposit amount instead of asking about the minimum, as the minimum is rarely enough to fully dive into the Forex trading experience.

No risk management

We cannot stress enough how important it is to implement proper risk management. You can be a very skilled trader yet suffer losses due to poor risk management. Have your emergency exits in place, such as stop-loss orders, and stick to the plan with your anticipated losses in mind, as well among other factors. Mitigate losses by learning and practising your trading strategy and keep a record of all your trades for future reference. Finally, remember to use lot sizes that are reasonable compared to your account capital.

End greed

Greed might prevent you from profiting. Not sticking to your plan hoping to squeeze every last pip out of a move in the market is the worst mistake you could make. Remember that the market is not something you beat, but something you must understand and join when a trend is defined. Always stick to your trading plan, as there is money to be made in the Forex market every day, and leaving your trades open for longer than you planned to grab every last pip before a currency pair turns can cause you to lose a profitable trade. The market moves constantly from Monday to Friday, so do not give into greed as the next opportunity is right around the corner.

No bitterness

Remember to stick to your trading plan and do not allow for bitterness or remorse. If your trade isn't immediately profitable, that doesn't mean you picked the wrong direction, and even if you did, your losses should always be anticipated. Never close the trade and reverse it just because you think your plan isn't right. In most cases, you'll only see the market go back in the initial direction that you chose. Pick a direction and stick with it.

Put egos away

The most common issue is one's ego. It is the best example of human nature as an obstacle in finance markets. You can blame the market, the broker and signals. We want to be right, always, even if we're not. Mistakes happen. You can plan a trade for weeks observing the market, or enter the market for the wrong reasons, or not have enough information to form a plan. It doesn't matter. What matters is that you can move on and not be discouraged. As we said before, there is another opportunity just around the corner. Admit you were wrong, forget about the trade and move on.

Magic indicators

It doesn't matter what your level of expertise is. If you are involved in Forex groups, you’ll probably see hundreds of comments and advertisements promoting groundbreaking Forex trading systems for sale every day. Retailers and Forex traders who develop such systems will tell you that their product is 100% accurate and you’ll start profiting instantly.  Let's be honest, there is no such system. The perfect Forex trading system simply does not exist. If you think that you can skip learning and pay a couple of bucks for a robot that will do the job for you so that you can enjoy high returns, you're wrong!

You should devote time and effort to learning and practising Forex trading. Success comes from building your method, strategy, and systems. Do not entrust your capital to less than reputable marketers who will most likely end up destroying your image of Forex forever.

Insufficient knowledge

The thing about Forex is that you should never stop learning and readjusting your strategy to the changing market. You cannot rely on the knowledge you once acquired, or think that you’ve got natural talent. Similarly, if you had a successful period in your trading, you still shouldn’t rest on your laurels. The market changes constantly and you need sufficient knowledge to enter and understand how it might affect your trade. Do not underestimate anything and be prepared for every possibility. Think what could go wrong. Remember that in Forex, there is no such thing as ‘enough knowledge’. This idea of knowledge intertwines with ego, never think that you know enough about Forex to be over-confident about it.

All of the above reasons are strongly interlinked and add significantly to unfortunate experiences that make traders withdraw from Forex trading. There is no holy grail in Forex trading. You must learn it and practice your methods and strategies to become successful. As a broker, we provide you with tools to help you avoid losses, but you still need sufficient Forex knowledge to operate in the market.

How to trade successfully using stop loss orders

How to trade successfully using stop loss orders

Juliette Wilson

Learning how to trade Forex. Hopeless coffeeholic. Brighton, UK.

Learn how to use a protective stop loss order and what is a trailing stop to perfect your Forex trading skills and avoid unnecessary losses.

On 23 June 2016, voters in the United Kingdom went to the polls to decide on the future of the UK in the European Union. As the day ended, the results shocked many people as the UK — the second largest economy in the EU — had just decided to leave the biggest free trade agreement in the world. When markets opened, the pound had one of the biggest plunges in history. This is because before the vote, most polls showed an outright win for the Remain-in-Europe side.

To the few traders who had foreseen the Leave campaign winning, 27 June was a good day to them. To the majority who had followed the polls’ numbers, it was a difficult day. Stories were written about traders who lost their entire funds by buying pairs with the pound as the base currency.

The Brexit vote is a good example of the risk traders expose themselves to every day. To minimise the impact of these risks, experienced traders use a combination of methods. For example, some adjust their leverage ratio when they expect major releases. Others focus on opening small trades while others stay out of the market during periods of high volatility.

Another common method for reducing risk is the use of stop loss order. A stop loss is a tool found in most trading platforms to help traders manage risks. It does this by stopping the trade automatically when a certain level is reached even when the trader is not present. This usually specifies the maximum amount of money a trader is comfortable losing. By using a stop loss, traders avoid being in a situation where a single trade wipes away their previous wins.

Stop loss order works by exiting the trade automatically when a certain level is reached even when the trader is not present.

 

How to place a stop loss

To place a stop loss, traders should do a few things. First, they need to calculate their risk-reward ratio. This is a simple ratio that specifies the maximum amount of money they are willing to lose and the maximum profits they are looking to gain. While there is no consensus on the best risk-reward ratio, an ideal ratio for beginners is 1:2. In this, a trader is risking $1 to make potentially $2.

To determine the ideal risk-reward ratio, experienced traders use a simple formula that factors in their winning rate. This formula assumes that the trader’s winning rate will be retained in future trades. The formula is:

E = ( 1 + ( W / L ) × ( P − 1 )

Where:

P is the winning rate, W is the size of the average win, and L is the size of the average loss.

For example. If a trader makes 10 trades, wins on 6 and loses on the other four, the percentage of the winning ratio is 60%. If the six winning trades bring $3,000, it means the average win is $500. If the losing trades lost $1,600, the average loss is $400. By applying these numbers to the above formula, the answer will be 35% or $0.35. This means that this trader would be relatively safe by using a 1:3.5 ratio.

When placing a stop loss order, Kathy Lien, the author of Day Trading and Swing Trading the Currency Market recommends that traders use two ways. In the first method, they should use a two-day low method. In this, they should place a stop loss approximately 10 pips below the two-day low of the pair. For example, if the low of the GBP/USD’s most recent candle was 1.1500, and the previous low was 1.1400, the stop loss should be placed at about 1.1390 if a trader is placing a buy trade.

The second option she recommends is using the Parabolic Stop and Reversal (SAR). This is an indicator found in most trading platforms including MT4. The indicator places a dot on the chart where the stop loss should be placed when the trader opens a long trade.

Other options such as using the Fibonacci Retracement levels, Bollinger Bands, and other technical indicators have been suggested. A trader needs to find a formula that works, test it, and apply it in their trades.

Trailing stop

New traders stop at the stop loss level. Experienced traders use the concept of a trailing stop loss to minimise losses and maximise on the opportunities. In this, a stop loss is not placed on a single level. Rather, it is placed on a certain percentage below the market price of an asset. If the trade moves up, it drags the stop loss with it, thus protecting the profits that have been made.

This concept is important because certain times a profitable trade will reverse before hitting the take profit level, thus wiping away the gains.

For example, if you are trading CFDs on stocks and you buy a stock that is trading at $10, you will benefit when the price moves up. But, since you don’t want to lose more than 5% of your capital, you want to continue taking advantage of any upward movements. So, you place a stop loss that automatically stops the trade when the trade falls below 5% of the market size.

In this example, the stop loss will be triggered when the stock CFD falls below $9.50. If the trade moves up to $20, the stop-loss will move up with it, thus locking in most of your gains.

Final thoughts on stop loss orders

Traders should have a stop loss whenever they open a trade. This helps protect your accounts if the trade goes against their favour or when there is major unexpected news. In the Brexit scenario highlighted above, most traders who believed that the stay side would win lost money. Among them, the losses of traders who had a stop loss were minimal.

OctaFX top priority is ensuring the best trading experience for our clients by providing negative balance protection to all your accounts. Our modern risk management system ensures that you cannot lose more than you initially invested. If the balance becomes negative due to stop out, OctaFX will compensate the amount and adjust the account balance to zero.

How to reduce your risks

Adam Weber

Professional trader, journalist. Frankfurt, Germany.

Forex is continuously gaining popularity among people interested in the financial markets. However, every trader fears losing money. Learn how to avoid losses in 4 simple steps.

The Forex market is easy to access. With round-the-clock sessions, and brokers competing for traders by offering great trading conditions, Forex is continuously gaining popularity among people interested in the financial markets.

Access to competitive trading conditions and relatively low costs often means that people do not take precautions when starting out.

We understand that the market is highly popular and desirable to get into, but risk management is vital and should be an integral part of your Forex trading experience.

Here are four simple pieces of advice that will help you avoid losing money.

1. Learn and test before you invest

Nowadays too many traders take a wild west approach to trading. And it might work for a while, but when it's over, it's really over. That’s why you should consider opening a demo account and learning how to adapt to changing market conditions. Practice your strategies, backtest, formulate long and short-term objectives. In general, learn everything possible about Forex, including economic factors that might affect your favourite currencies. Remember that practice makes perfect, so don't be afraid to experiment before placing real money on the line.

2. Don't be an overachiever

Do not spend money you can’t afford to lose. Risking your capital, thinking "that won't happen to me", can affect your trading performance significantly. It's better to start small when going live, and trading what you are safely able to trade. Remember about leverage and reasonable lot sizes to prevent major trading disasters from happening.

Treat your trading experience like a business and always stick to the plan. Don't go all in on a trade just because you want more! It is unlikely you'll become successful overnight. Set realistic goals and stay organised, and remember to learn from both successes and failures.

3. Wise trading setup

Once you have an insight into Forex trading and a strategy in place, it’s important to focus on aspects such as leverage, timeframes, economic calendar, etc. Even the smallest detail can impact your trade if you’re not careful. Make sure that you know the specifications for each trading instrument. Hence, leverage requirements and contract size may differ. Know what you’re up against before you enter the market.  

Do not use volatile charts. Longer timeframes provide more clarity as to your trading plans. Also, trading on short-term charts increases the possibility of slippage.

Remember to check the economic calendar. Hardly a day goes by without some financial announcement or other. The biggest ones should always be treated with caution. High impact events and surprise announcements can send markets into a tailspin. If you do not have the necessary expertise, you should avoid trading big economic news, as news trading involves higher risks.

Keep your charts clean. Do not overuse indicators of the same kind, as they might give you false signals.

“My friends, I have just shown you a vital lesson. No matter what I did to the money, you still wanted it because it did not decrease in value. It was still worth $20."

4. Use stop loss

And last but not least, always use pending orders, such as stop loss. Experienced traders will tell you that it doesn't matter when you enter the market, you'll still be able to make money. What's important is how you exit the trade. Hence, let's expand on using stop losses. They should be set to close trades that have gone terribly, terribly wrong.

Many traders place their stop too close to their price. Murphy's law says it's going to get hit! Use a protective stop loss wisely, as it is an effective way to make sure that losses remain reasonable. But treat it as your emergency exit.

We hope that these simple steps will help you avoid unnecessary loses. When you approach Forex trading well prepared and knowledgeable, it can be highly profitable and rewarding, so be prepared, stay organised, continue learning, and approach it as a business.

What Forex is and how you can profit on it?

Welcome to the first lesson of our Forex Basic course

In this lesson you will learn:

• what Forex is and how you can earn on it
• what liquidity is and why is it an important feature of Forex
• how a broker helps you enter the Forex market
• what volatility is and how to benefit from it.

What Forex is

Forex is an abbreviation of FOReign EXchange. It describes the conversion of one currency into another currency, and also refers to the global financial market, where currencies are traded online around the clock. There is a misconception that to start trading Forex you need either be a millionaire or Harvard graduate. Let’s dispel it. Thousands of people buy and sell currencies without notice while professional traders consciously benefit from it. Think about when you’ve travelled abroad on holiday. To pay for local goods and services you needed to exchange your money. If while you were on holiday the unemployment rate in the US fell and the dollar increased in value by 5%, then when you exchanged your surplus foreign currency back, you’d make a 5% profit in your local currency. In this way you’ve earned on a difference of currency rates by buying and selling currencies. The same process applies even with corporations. For example, an American company needs to buy machinery in Germany. To pay for them they need to obtain the local currency first, just like you do when going on holiday. The only difference is that companies exchange much larger amounts and create supply and demand on a particular currency. Supply and demand can move market prices. When the world needs more euros, the price of the euro increases, and when there are too many dollars circulating, the price drops. To balance the market, central banks regulate the overall volume of their national currencies by adjusting the refinancing rate. That's why traders constantly monitor world news.

Liquidity

Assume you hold two currencies - dollars and tenge - which one is more liquid, or which one will be sold faster? You will surely find a buyer for a dollar immediately, as it is the most exchanged currency in the world. However tenge will stay with you for a while, until you find a buyer who needs such an exotic currency. What if you need to sell 1 million of dollars as soon as possible? That would not be a challenge on Forex. In Forex, liquidity means the possibility to buy or sell significant volumes of currency at market price without any delays. The Forex market is so liquid because the main Forex players such as banks, central banks, hedge funds and corporations constantly buy and sell huge amounts. This creates another question: How you can enter the market without having such huge amounts of currency?

Meet a broker

A broker is an intermediary between traders and other Forex market players. OctaFX broker helps people to enter the market with smaller amounts of currency. OctaFX provides its traders with the most beneficial quotes by combining price quotations from several market participants and liquidity providers. That is possible because of electronic communications network (ECN) technology. Such networks allow instant order execution, cooperation with trading platforms, automated trading processes and secure transactions. OctaFX provides you with a leverage which allows you to multiply your profit. With up-to-date trading apps you can trade online 24/5, and from anywhere you wish.

How you can earn on Forex

If you look at the EURUSD chart, you can see that the price of the euro against the dollar is constantly changing. Economic news and market events influence the price all the time. Assume you know in advance that according to the ‘National Statistics Service report’ the unemployment rate in Europe has decreased, then the price of the euro will increase and you should buy euros. Or if you know that due to the latest records of ‘Statistics Portugal’ there is a deficit in the trade balance and that will make the value of euro fall, you should sell your euros.

Volatility

Volatility measures price variations over a specified period of time. It increases when macroeconomic factors such as inflation, unemployment and GDP become more variable. Higher volatility creates trading opportunities you can benefit from by keeping up with financial news. For example, if you know from news that the inflation rate in Europe will decrease then you can earn by buying EURUSD at the lowest point, and selling at the highest point.

Let’s summarise what we’ve learned from this lesson:

1. Forex is the global financial market where currencies are traded online around the clock.
2. Even if you’re not trading on the Forex market you can earn on a difference of currency rates by buying and selling currencies.
3. Liquidity means the possibility to buy or sell any volume of currency instantly at the market price. It is the main positive feature of Forex.
4. OctaFX helps people to trade Forex providing the most beneficial quotes with the help of ECN technology and up-to-date trading applications.
5. Volatility is a measurement of price variations over a specified period of time. A volatile market gives an opportunity to earn more profit, but to benefit from it you need to monitor market news. In the next lesson you will learn how to calculate the potential profit and risks of your order and how to control huge amounts of currency without investing heavily.

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How CAN YOU TO TRADE FOREX LEGALLY with LOCAL BANK DEPOSITS In India ?

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How I am trading Forex pairs with automatic withdrawal and deposits with local banks in India like ICICI, Indian Bank & More. Here is simple steps to bypass the legality issue. I have been trading with OCTAFX with no issue. You should try it. Octafx provides fixed spread as well as lowest spread account please select while creating MT4 accounts. Octfx every deposits and withdrawal are free of commissions.

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Select bank for which you will deposits like ICICI Bank or Indian Bank and enter your transaction details

step-7. Add the beneficiary - Get the bank details save in Internet Banking for IMPS Transfer

Step-8. After deposits - take screenshot of the transaction and go to step-6 submit all details along with Screenshot. Your account will be funded within 10 to 20 minutes. Same process should be followed for withdrawal.

PLEASE VERIFY YOUR ACCOUNT AFTER SIGN UP SO THAT YOU WILL GET LOCAL BANK DETAILS FOR DEPOSITING AND WITHDRAWING THE FUND . YOU CAN GENERATE REQUEST FOR BOTH DEPOSIT AND WITHDRAWAL IN THE DASHBOARD .

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BEFORE LOOSE YOUR HARD EARNED MONEY WE REQUEST YOU TO PLEASE PRACTICE AS MUCH AS POSSIBLE BEFORE INVESTING REAL MONEY ACCOUNT. AS YOU KNOW FOREX TRADING IS HIGHLY LEVERAGED AND VOLATILE SO YOU SHOULD BE FIRST TRIED AND JUMP INTO REAL ACCOUNT.

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Legal way to trade forex in india

legal way to trade forex in india explained as below:-

If you are willing to trade forex but you are worried about RBI & FEMA then I hope this method will work for you.

How I am trading Forex pairs with automatic withdrawal and deposits with local banks in India like ICICI, Indian Bank & More. Here is simple steps to bypass the legality issue. I have been trading with OCTAFX with no issue. You should try it. Octafx provides fixed spread as well as lowest spread account please select while creating MT4 accounts. Octfx every deposits and withdrawal are free of commissions.

Steps 1. Open an Account with OctaFX -Sign Up and Verify Your Account (bit.ly/2Kv1Fts)
Step 2. Every deposits you will get 50% Bonus
Step 3. After successful sign up process you need to login to dashboard
step-5 Click on Deposits
step-6. Select amount you want deposit in INR minmum is Rs. 500 and
Select bank for which you will deposits like ICICI Bank or Indian Bank and enter your transaction details
step-7. Add the beneficiary - Get the bank details save in Internet Banking for IMPS Transfer
Step-8. After deposits - take screenshot of the transaction and go to step-6 submit all details along with Screenshot. Your account will be funded within 10 to 20 minutes. Same process should be followed for withdrawal.

Open an Account with OctaFX (bit.ly/2Kv1Fts)

How can you trade Forex trading legally via local deposit (INR) in India and Asia? Open an Account with OctaFX

How can you trade Forex trading legally via local deposit (INR) in India and Asia?

Open an Account with OctaFX

If you are willing to trade forex but you are worried about RBI & FEMA then I hope this method will work for you.

How I am trading Forex pairs with automatic withdrawal and deposits with local banks in India like ICICI, Indian Bank & More. Here is simple steps to bypass the legality issue. I have been trading with OCTAFX with no issue. You should try it. Octafx provides fixed spread as well as lowest spread account please select while creating MT4 accounts. Octfx every deposits and withdrawal are free of commissions.

Steps 1. Sign Up and Verify Your Account

Step 2. Every deposits you will get 50% Bonus

Step 3. After successful sign up process you need to login to dashboard

step-5 Click on Deposits

step-6. Select amount you want deposit in INR minmum is Rs. 500 and

Select bank for which you will deposits like ICICI Bank or Indian Bank and enter your transaction details

step-7. Add the beneficiary - Get the bank details save in Internet Banking for IMPS Transfer

Step-8. After deposits - take screenshot of the transaction and go to step-6 submit all details along with Screenshot. Your account will be funded within 10 to 20 minutes. Same process should be followed for withdrawal.

Open an Account with OctaFX

Disclaimer: this posts is only dedicated to those who want to earn some passive income from Forex trading in real way and please note that trading is involvement of substancial risk and please use this in your own risk.

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