Blog – Page 15 – The Plot

October 9
2017

Will FOMC Raise Interest Rate in December 2017?

The last time the US Federal Reserve had raised its target interest rate in June this year it went up from the range of 0.75–1.00% to 1.00–1.25%. Will there be another interest rate increase in 2017? Let’s try to figure it out. Contents 1 Sentiment 2 Data 3 Balance Sheet Normalization 4 Words 5 Future 6 My opinion 7 Poll Sentiment It is the current […]

September 25
2017

Are You Disappointed in Forex?

Forex can be rather addictive. It can also look like a miracle to many beginning traders due to its features: accessibility, high leverage, huge daily volume, large spectrum of trading instruments. However, sooner or later all traders reach a certain level of disappointment in the whole thing. In reality, disappointment is just a stage in the trader’s professional development. It is mostly inevitable due to the high probability of getting hit […]

September 18
2017

Forex Candlestick Patterns Cheat Sheet

The topic of the Japanese candlestick patterns in currency trading is rather controversial because not all of them apply to the spot foreign exchange market. With almost no gaps between the candles and no definite daily close/open levels, the traditional candlestick patterns are somewhat less applicable in Forex. The cheat sheet below summarizes the candlestick patterns as they present themselves in FX trading. It omits some of the famous ones, which work […]

September 11
2017

How Many Trading Platforms Do You Have Installed? Poll

Unless you trade solely on your broker’s web platform and do all your analysis on Tradingview or its likes, having at least one trading platform installed on your computer is an obvious necessity. Whether you are still learning to trade or you are an experienced Forex trader, the chances are that you will need more than one. Below is the list of reasons to install more than one trading […]

August 28
2017

How Would a War with North Korea Affect Forex?

Despite the recent developments in the North Korea crisis, I do not hold the probability of the actual war action higher than 0.1%. The North Korean artillery, holding Seoul hostage, would prevent the Western world from initiating the armed conflict. The fact that there is no possibility for the North Korean leadership to survive the conflict would prevent them from starting the war. Despite some experts comparing the situation with the Cuban Missile […]

August 25
2017

Profile Persistence and Pip Value Display in Position Size Calculator

Today’s update to the Position Size Calculator indicator is not as big and significant as the last one, but I am sure the version 2.08 will be interesting to many traders. Platform profile change will no long disrupt your panel location, minimization status, and settings: Pip value for your position size can now be seen if turned on via input parameters: Reward currency code will now be […]

August 14
2017

Do You Have Your Family’s and Friends’ Support in Forex Trading?

Although the popularity of the retail Forex trading is growing rapidly, a lot of people do not know what it actually is, and of those who do, many have wrong ideas about the industry. This creates a lot of misunderstanding between traders and their friends and family. The issue with getting the approval from a person who is close to you is twofold. On the one hand, there is a positive side to be gained […]

August 7
2017

Interview with Stavros Lambouris, CEO of HYCM

I hope you missed some interesting interviews with the leading figures of the Forex business world. Today, I offer for your attention an interview with Stavros Lambouris, the Executive Director and CEO at HYCM — a company that has decades of experience in brokerage business. Unfortunately, Stavros has not answered all the questions that I had sent him, leaving out the most interesting ones in my opinion (about Bitcoin and binary options). However, there is […]

July 31
2017

Will Oil Trade Below $40 in 2017? Poll

Although crude oil does not pertain to the foreign exchange market, it is often traded by currency traders via CFDs provided by numerous retail Forex brokers. The last time WTI oil traded below $40 per barrel was on August 3, 2016, while the Brent crude reached that low back on April 8, 2016. Both commodity benchmarks are trading in a clear downtrend in 2017 as indicated by the regression […]

July 24
2017

Spread Display and Take-Profit Multiplier in Position Size Calculator

It is time to roll out a new version of the Position Size Calculator indicator. Although the new release does not implement any breakthrough changes it introduces some useful features and fixes one annoying bug. Take-profit button multiplier (set via input parameter) can be used to multiply SL value when setting up TP using the button: Spread display can now be turned on and observed […]