Author Archives: Srinivas Matcha

Major Currencies Traded In Forex

Major Currencies When you are trading currencies, Two currencies are involved in that particular transaction. Currency Symbols always have 3 letters.  First 2 letters indicate Country and the 3rd letter indicates Currency Name.  For instance, take USD.  US for” United States” and D for “Dollar”.  Some Currencies have nick names also.  They are also mentioned above.  

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Common Mistakes of A Trader

Triple your chances of Success on every trade by knowing the most Common Mistakes made by a New Trader and how to avoid them. Every Trader can make Money in trading any kind of Market like; Forex, Stocks, Bullion and Commodity, when they overcome these common mistakes and get success in trading. I have been in trading for 4 years and made ...

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7 Qualities of A Successful Trader

If you want to be a successful trader in any kind of market, you should maintain some qualities.  If you implement those qualities in your trading, no one can stop you to become successful trader. Patience: Patience plays key role in trading.  “Don’t search for the opportunities, let the opportunities to come”.  It is not that you have to trade ...

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Trading Strategies

Whether you trade Currencies, Stocks, Commodity, Bullion, Options or anyone, decide what type of trader you are.  There are 4 types of Trading Strategies popularly used. Swing Trading: This is one of the most popular trading strategies.  Traders hold their orders longer than day trading(1 to 7 days) and focus on identifying Patterns, Support & Resistance levels and Range Bands ...

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Who Trade Forex?

The Major Players of Forex Market: Global Banks: Global Banks account for most of the volume in Forex Market. In fact, Deutsche Bank, Barclays, UBS, JP Morgan and Citi alone account for half of all trading volume in Forex Market. Central Banks: In many countries, Central banks are given the responsibility to smoothen  the flow of money to and from the country and direction ...

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Pivot Point Indicator

Pivot Point Indicator(FiboPiv-v2) Indicator: This Indicator draws daily Pivot Levels based on before day’s price movement.  And it draws 3 Levels of Support and Resistance lines also. Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3 Download  

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Advantages of Forex

Advantages of Trading Forex: As a Trader, one can find so many reasons and advantages in Foreign Exchange Market. 1. 24 Hour Market: Since the Forex Market is world-wide, trading continues as long as there is a market somewhere in the world.  Trading starts when market opens in Australia on Monday and ends after market close in US on Friday. ...

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Why Forex?

Why Choose Forex(Fx)? There are so many reasons for choosing Forex. Compared to the other Markets, Forex Market is  Jumbo Market. Present Indian Stock Market in BSE & NSE is approximately $30 Billions a day.  The biggest Stock Market in the World US is trading at approximately $150 Billions a day.  But according to the Bank for International Settlements, Foreign-Exchange ...

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Multi Trend Signal

As you can see the image below, this indicator calculates trend on all Time Frames using 9 Indicators: ADX, RSI, MOM, CCI, OsMA, MACD, SAR, WPR, MA.  And there is a general trend (M15, M30, H1, H4 and D1 time frame).  It is calculated by combination previous 9 indicators. It is a very helpful MT4 indicator. Download Note: This Indicator ...

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What is Forex

Well, what is Forex? Forex is a short term of Foreign Exchange.  Have you ever visited US or any other country in the World?  For example, if you go to US from India,  and if you go to Foreign Exchange counter and ask exchange for $1000, they might have collected Rs.60,000/- from calculating 1$ = Rs.60/-.  After one week, when ...

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