Technical Analysis - GOLD (XAUUSD) (2018-03-30)
The GOLD price has got doji candlestick confirmation in a support area and after that a bullish candle. The pair was on a downside movement previously. Now the price needs to retest the support in the H4 chart. If it gets a bullish sign in the retesting area, it might go up. Or the price might break this support area. If it successfully breaks this support, then it will go down to the next support. We should not take any entry in this pair now.
Technical Analysis - EURUSD (2018-03-30)
EURUSD price is now following the uptrend (from the Weekly chart). The price is moving up for a long time. It has broken very strong support become resistance level in the long time frame. Now the pair is on retrenchment. If it gets a bullish sign in the retrenchment area, it might go up to the resistance level we have marked. Besides, the Daily chart shows that the price had created a double top and went down. Now it is again going up. Hopefully, the pair will go up to the next resistance level.
Technical Analysis – AUDNZD (2018-03-30)
In the Weekly chart of AUDNZD, there is an upward trendline. The price is now going down, but the trendline shows that this pair is slowly going up for a long time. At present, the price is near to the trend support. Previously it went up from that support after getting the bullish sign (we have marked those signs). If the price gets a bullish sign again from this area, we can hope that it will go up to the resistance we have marked.
Technical Analysis - Crude Oil (2018-03-30)
Crude oil is now in the resistance area. From the Daily chart, we can see that this pair has created a double top and got the bearish sign in the resistance area. Now the price is on retrenchment. If it gets a bearish sign in the retrenchment area, hopefully, it will go down to the support. Previously also this pair went down from this area after getting bearish confirmation. The Weekly chart also shows that the price is now in the retrenchment area. We can notice a bearish sign there. Now the pair might go down.
8 Common Types of Investment Risks
One of the biggest fears that engulf everybody when they think of investing is the loss of their hard-earned money. A risk is inevitable as every investment involves some degree of risk or taking some calculated risk. It is believed that the higher the risk the higher the returns. A risk is the level of uncertainty that a particular investment will gain if you invest in it or the level of a potential financial loss that you are likely to incur if you invest in a particular asset. Every investor should be concerned about the investment risk as much as they are concerned about the possibility of returns. Investing requires understanding the level of risks involved.
4 Common Types of Orders when Trading in Stocks
It is important for every stock investor to know the different types of orders in the stock market and when it is appropriate to apply them especially when you want to sell or buy stocks through a brokerage firm. Trade orders are instructions that are given to brokers to buy or sell a stock. All trades must have two orders which consist of an order to get into the trade or the buy order and an order to exit the trade or the sell order.
3 Ways to Trade Forex
Forex exchange is an international market for trading currencies. According to a survey by the Bank for International Settlements in 2016, the average daily forex trading was 5.1$ trillion and of this, spot trading made up $2.6Traders have trillion.
6 Major Types of Strategies Traders can Opt for in Forex Trading
Trading Forex (FX) involves trading of currencies where you can buy one currency while selling another for speculation purposes. Forex trading just like any other investment involves taking calculated risks. When trading forex, you can make profits or losses. You need to master the best forex strategies that can work for you to benefit from forex trading. Currencies tend to fluctuate due to various factors like geopolitical, economical and more. The aim of trading in currencies is to make profits from the changes in prices. Here are 6 major types of strategies that traders can employ in forex trading: 1. Forex Scalping Strategy This strategy involves making a large number of trades and each trade makes small profits of about 5-10 pips per individual trade. This strategy requires constant forex analysis to be able to place multiple trades simultaneously and make profits. Trades in this strategy are very short-lived, possibly held just for just a few minutes and a trader seeks to quickly beat the bid/offer spread and make just a few points of profit before closing. If you opt for this strategy, you need to be very active in trading to avoid missing out on good opportunities. 2. Forex Trend Following Trading Strategy This strategy attempts to make use of the market trend mechanism with an aim of taking advantage of the long-term goals. Traders who choose this trading strategy use channel breakouts, current market price calculation and the moving average to determine the market direction and to generate signals. If you opt for this strategy, you do not need to forecast or predict the price levels. You simply follow the trend. This strategy deploys a risk management component that makes use of the current market volatility, current market price and the number of shares held. 3. Forex Volatility Trading Strategy Price volatility involves sharp movements in the prices. Volatility breakout systems are systems that are made to take advantage of this type of price actions. Their characteristics are: they don’t take advantage of the big moves, deals with short terms and quick trades, are based on the increase in volatility and the winning percentage of trades is higher, but the profit earned per trade is comparatively low. It is thus advisable to opt for this strategy if you have a good understanding of this volatility system. 4. Forex Breakout Trading Strategies Breakout strategy is a strategy that occurs when there is a breakout. A breakout is a point where the market tends to break away or starts to move away from a trading range. The trading range can be for any length. A breakout occurs if the price exceeds the higher or, the lower range. In simpler terms, a breakout occurs when the price moves beyond the highest high or lowest low for a specified number of days. For you to make money using this strategy, you need to be involved in buying higher and selling higher in the bull market and if you are dealing with the Bear market, you have to sell low and buy back lower. 5. Forex Swing Trading Strategies This trading strategy is simple and does not require you to hold the long-term trends to make profits. Swing trading involves having a set target and once you reach that target then that is the moment you opt out. This strategy is an excellent option if you are just starting forex trading as you do not have to be a long-term trend follower. 6. Forex Support and Resistance Trading Strategies Support in forex is actually a zone where the buyers tend to be more than the sellers, and the price tends to increase in value. The resistance is the opposite of support and means that the sellers are more than the buyers and thus that result in a price drop. These terms represent the tendency of a market to bounce back from previous lows and highs. Support is where the markets tend to rise from a previously established low and resistance is where the market tends to fall from a previously established high. You can opt to buy at the resistance and sell at the support. Resistance and the support are important parameters that tend to keep on changing depending on the market dynamics. Explore the Forex Support and Resistance Strategies thoroughly before you decide to apply this strategy.
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