The Elliott Wave Theory stands as a pivotal tool in technical analysis, exerting a significant impact on trading across financial markets. Numerous traders and analysts employ the principles of this theory to forecast market price movements and identify optimal entry and exit points in trades. Based on this theory, a variety of trading strategies and comprehensive trading systems have been developed, finding successful application in Forex, stock, and cryptocurrency markets. So, what exactly is the Elliott Wave Theory, how did it emerge, and how is it applied?
MetaTrader 4 (MT4) is one of the most popular platforms for online trading in Forex, stock, commodity, and cryptocurrency markets. A key feature of MT4 is the variety of graphical methods it offers for presenting quotations. By simply right-clicking in the open window of a currency pair, navigating to "Properties," and then to "Common," traders can select from three types of charts: Bar Chart (histogram), Candlesticks (Japanese candles), and Line Chart (linear chart). Each of these charts has its unique characteristics and advantages, which we will explore in this article.
The concept of a trend is fundamental in trading on financial markets, be it in Forex, stocks, commodities, or the crypto market. Numerous trading strategies revolve around understanding and navigating trends. However, a trend is not a smooth line that one can easily follow. It is a jagged curve, abundant with unexpected turns, twists, sharp and obtuse angles, ascents, and descents. In each such moment, a trader is confronted with the question: is this a temporary pullback (or correction), after which the price will return to the main path and continue its journey towards the set goal? Or is it a dead end, where, upon hitting, the price will reverse and veer away from where it began its course? A wrong answer to this question entails the risk of losing one's deposit, while a correct one can lead to substantial profits.
Every trader who has ever traded currency pairs on Forex, invested in stocks or cryptocurrencies, conducted CFD transactions with gold or oil, has heard of the U.S. Federal Reserve System (FRS). Even if this trader is a fan not of fundamental but exclusively technical analysis, the effectiveness of their calculations and graphical constructions will depend on the decisions made by the FRS. After all, it is these decisions that shape or, conversely, break both global and short-term trends in financial markets. So, what is the organization behind the U.S. Federal Reserve System?
Trading in financial markets is not just about analysing charts and following strategies, but also about serious psychological self-work. In this article, we will explore the main fears of traders and how to overcome them, discuss how to determine if you are ready to become a trader, and also share recommendations from gurus and influencers of the financial world.
The modern world of investing is no longer confined to traditional funds and brokerage accounts. With the advancement of computer technologies and the internet, new democratic methods have emerged, allowing even novice investors to actively participate in the financial markets. Two of the most well-known such methods are Copy Trading and PAMM services. This article will acquaint you with the history of their development and how technology is rewriting the rules of the game in the financial world. You will learn how these services work, their advantages and disadvantages, and what steps to take to mitigate risks and increase profits.
Support and resistance levels are among the key concepts in trading on Forex and other financial markets. They are employed in a multitude of trading strategies and serve as the basis for hundreds and thousands of indicators and advisory robots. So, what exactly are they? Let's explore the fundamental concepts and aspects of their practical application.
Crypto influencers are individuals who wield substantial influence over market participants, and their statements can have a significant impact on the valuation of digital assets. Some focus on the technical aspects of cryptocurrencies, such as development, security, and mining, among others. Others concentrate on financial matters, such as trading, investing, market analysis, and forecasts. There are also crypto influencers who work to popularize cryptocurrencies among the general public and educate novice users.
Of course, within this cadre of experts, there are those who are more famous and authoritative, as well as those who are less well-known. Below, we will discuss a few of the most influential and popular among them: those wizards who can move cryptocurrency valuations with a single word.
On the Forex market, as with any financial market, traders face a series of challenges. One prominent challenge is the deposit drawdown. It's an inherent aspect of trading, and almost every trader will experience it. While some may face drawdowns more frequently than others, it's an unavoidable situation for all. Recognizing its inevitability and mentally preparing for it is crucial. Moreover, having a pre-established strategy to recover from these setbacks is essential; otherwise, you run the risk of wiping out your entire deposit.
George Soros is a name that evokes a range of emotions worldwide. For some, he symbolizes business acumen and philanthropic ideals; for others, political manipulation. But who is this man really, who controls a fortune of $8.5 billion?
The year 2008 marked the birth of the crypto market. It was in August when the domain bitcoin.org was registered and the description (White Paper) of the cryptocurrency was published. The author of this publication, entitled "Bitcoin: A Peer-to-Peer Electronic Cash System," was Satoshi Nakamoto. The same year, 2008, witnessed another significant event - the brokerage firm NordFX emerged in the financial services market.
Online trading of currencies (Forex), cryptocurrencies, and CFD deals with other financial assets (stocks, gold, oil, etc.) offer unique opportunities for investors and traders. However, to achieve long-term profitability and minimize risks, proper capital management is essential. This is where the concept of handling capitals, or 'money management' becomes significant.
The foreign exchange market, or Forex, is a highly dynamic and complex environment where millions of trades are executed every day. To navigate this market successfully, traders rely on a variety of technical analysis tools, including indicators that help them identify trends, predict price movements, and make informed trading decisions. This article will explore some of the most popular and widely used indicators in Forex trading and in other financial markets.
It is well known that trading in the financial markets is one of the most dynamic and effective ways to make a profit, even in the absence of significant initial capital. That is why it is very popular all over the world. However, it is also well known that this activity is fraught with great risks, and can lead to a complete loss of funds. To trade successfully, a trader must have a good understanding of how the market functions, what the current market situation is and what can happen in the future. Two main types of analysis are traditionally used for these purposes: technical and fundamental.
The history of the financial world is filled with all sorts of events. And there are specific people behind every success or failure. Among them is Paul TuDor Jones, an American trader, financier and founder of one of the most successful hedge funds in the world: Tudor Investment Corporation.
Affiliate programs (IB) at forex brokers provide an opportunity to earn additional income by attracting new clients to the broker's platform. This can be beneficial both for experienced market participants who want to monetize their knowledge and skills, and for beginners who want to gain experience and earn money by attracting new users. Let's look at NordFX as an example what an affiliate program is, how it works and what opportunities it provides.
Artificial Intelligence (AI) is a branch of computer science that aims to create intelligent machines that can mimic human behavior and decision-making processes. Neural networks are a subset of AI that are particularly useful for tasks like image recognition, language translation, and forecasting prices for currencies, stocks, and other financial assets.
A demo account in online trading is a tool that allows beginner traders to gain experience in financial markets without risking their real money. It is a type of account that mimics the trading conditions of a real account but uses virtual funds instead of real ones.
Online trading in Forex, crypto, stock or commodity market is impossible without registering and opening an account with a brokerage company. And as soon as traders go through these procedures, they immediately become the owner of the Trader's Cabinet (TC) on the official NordFX website.
This is as mandatory and useful as a trading terminal. Knowing the functionality of both, and the ability to use it correctly, can be of great help in such a difficult matter as trading in financial markets.
The trading conditions in which modern traders work have changed dramatically over the past 10-15 years. Today, a trader's computer and trading terminal are able to work miracles, performing the most complex mathematical calculations in a fraction of a second. Moreover, it is now possible to fully automate the entire trading process using robot advisors. Nevertheless, for the automation to be complete, in addition to the robot, you also need a Forex VPS.
Who is Santa Claus? Everyone knows that this is a gray-bearded plump old man who manages to climb into the chimney at Christmas to give gifts to those children who have been good all year. But it turns out that gifts can be received not only by obedient kids, but also by traders and investors, regardless of their behavior in the past year.
Every December, Wall Street and other global exchanges start talking about Santa Claus Rally: days when market participants have the opportunity, if not to get rich, then at least to seriously improve their financial condition. So, what is Santa Claus Rally: a real economic phenomenon or just a fairy tale for adults?
Oil is a mineral used to produce fuel. And it is also used as a raw material for household chemicals, cosmetics, clothes, children's toys and many other products are made from it. But not only. Oil is also a popular commodity that is traded all over the world, wholesale and retail. But this is not all either. Among other things, oil is a financial CFD instrument that allows you to earn on fluctuations in its price but does not require you to have it in stock. You don't need oil platforms and wells, oil pipelines and tankers, barrel-packed warehouses. All you need is a computer or a smartphone connected to the Internet and a trading account with the NordFX brokerage company.
It is very easy to open a trading account with the NordFX brokerage company from a mobile device: a smartphone or a tablet. You will only need to take a few steps to do this.
The quotes of currency pairs, as well as cryptocurrencies, stocks, gold, and other assets, are influenced by many different events taking place in the world. These are parliamentary and presidential elections, decisions of the Central Banks, the release of macroeconomic data, and many other factors. Their description and dates are published in the Economic Calendar on the website of the NordFX broker in the TOOLS section. And this is not accidental, as such a calendar can be a very useful tool with which traders can increase their profits and avoid unpleasant “surprises” that can knock down stop orders and even reset the deposit.
If you were even a little interested in cryptocurrencies, you probably heard the name of Satoshi Nakamoto, probably the most mysterious person of the 21st century. Creator of the world's first cryptocurrency. Person who appeared from nowhere and disappeared o who knows where. Or not a person, but a group of people? Could it be him? Or her? Or them? We'll call him “he” In this article, although that's just a guess. So, who, after all, can hide behind this pseudonym? Let's try to dive deep into this mysterious story.
Everyone who has ever dealt with trading has come across such a thing as volatility. It is easy to guess that this concept is important, since it is talked about, discussed in textbooks and various articles. The choice of a trading strategy, money management and, accordingly, the success of trading depend on volatility. But what is volatility? Let's figure it out.
There is a saying in the world of finance: "America will sneeze, but the whole world will catch a cold." But what is the way to determine how serious the cause of this sneezing is - is it from a slight discomfort, or a serious illness?
This is what stock/exchange indices were invented for. The main ones that can be used to diagnose the health of the US economy are presented in the NordFX line of trading tools. These are Dow Jones 30 (DJ30.c), S&P 500 (US500.c) and NASDAQ-100 (USTEC.c). Let's consider each of them.
Traders who trade in the financial markets: Forex, stock, commodities and cryptocurrency, will find it useful to have an idea of the relationship between different types of assets. Understanding how the growth or fall of one asset can affect the quotes of another will help you create efficient trading strategies, increase profits from transactions and minimize the risk of losing a deposit.
A point is a very important concept for calculating possible profit or loss in financial markets. When conducting transactions, you need to clearly understand how much one point costs and how your deposit will change if the price goes in one direction or another, for example, 50 or 100 points. This affects not only the choice of a particular currency pair and trading strategy, but also the determining of the volume of the transaction, the permissible degree of risk, setting Stop Loss and Take Profit orders. It is necessary to know the point value in order to calculate the spread value, to understand how much you can earn or lose due to a swap, at what moment Margin Call and Stop Out can occur.
This article is intended primarily for beginners, but it may also be interesting and useful for those who already have some experience in trading in financial markets. We will consider one of the most important factors on which both the choice of strategy and the profitability of trading transactions depend. We will talk about currency pairs.