Remember people often start selling stocks in a panic and negative news can have a dramatic effect on the stock prices. This way, you can predict the probable fall of the stock prices. Logically, the same strategy can be applied to an individual stock. Negative news can also cause the crash of an individual stock. On the other hand, positive news can also be an important trigger. When the economy is thriving, the stock market is often also booming. On average, the prices increase less quickly on good news than they fall on bad news.

As a trader on Plus, you can speculate on price movements. Even when there is bad news you have the opportunity to speculate on a decreasing stock price. Plus namely makes it possible to go short. With a short position, you can speculate on a decreasing price. But how do you decide when it is the best time to open a trade? In the rest of this comprehensive Plus manual, we will discuss how you can time your trades appropriately.

Now you know the ins and outs of the Plus software, we can further investigate how to select the best investments. This part of the Plus tutorial will tell you all about how to best invest considering different market circumstances.

To achieve the best investment approach the following steps have to be taken:. The Plus graphs can be zoomed in and out. You can also adjust the period the graph displays. Within the 1-minute graph for example each period is exactly one minute, while in the 1-week graph each period is one week. Longer periods can be very handy to predict future price patterns. On every timescale you can always see the market situation. Study the rates at a somewhat larger period to determine the general trend, there are three possible market conditions:.

When the market has a clear trend , it is important to trade with the direction of the trend. When you notice that the price is going up within the Plus software, you should buy; and when you see the price is going down, you should sell. It is important that you do not open a position randomly! It is better to find a technical reason to open up a position.

When there is a trend, the price moves in the direction of the trend. We call this an impulse. After the impulse the price drops a bit, the retracement. The chance of success is at its highest when we open up a position right after the retracement. We buy in an uptrend in a temporary move down and in a downtrend we sell right after a temporary move up.

You can use this trading style until there is a case of a trend reversal , which is when a new trend forms in the opposite direction. But how do you time a trade? To time a trade properly, you need to look for horizontal levels. A lower horizontal level in an uptrend is what we call support and a higher horizontal level in a downtrend is what we call resistance. The Plus software also allows you to draw horizontal levels. To activate this feature, use the third icon at the top of your graph.

By opening your position on a horizontal level , you increase your chance of making a successful trade. As almost everyone expects the price to move in a certain direction at this point, this happens a lot at that specific level!

This is why horizontal levels, which are in effect for longer periods of time, are a lot more powerful than a level which is reached only a few times. It can also occur that the role of a horizontal level changes after a break-out. A resistance can become support or vice versa.

Besides the uptrend and downtrend , a consolidation is also a possible scenario. In the case of a consolidation, the price fluctuates between two horizontal levels. In a consolidation it is best to buy at the lower horizontal levels and sell at the higher horizontal levels. The next part of the Plus investment tutorial will tell you all about how to use candlesticks to achieve better results.

That is why good traders would rather use candles. With candles, you can determine the so-called price action, which gives you an indication of possible further movement. Within the software of Plus, you can easily switch to candles by pressing the button shown below. A candlestick always applies to a certain period. A candlestick can for example show the price movements over the course of a trading day. A candle has a body that is colourized and a stick that sticks out.

The colour of the body indicates if the market is going up or down. Red shows if the price closed lower and green shows if the price closed higher. The stick shows what the reach of the price was within that period; how high or low did the price go?

The high and low tests are both strong price indicators. They reflect the switch of buyers to sellers and vice versa. At the high test the price was pushed up significantly, but the buyers were too weak and the price came back down. This is a strong sell signal and, vice versa, the low test is a strong buy signal. The train tracks consist of two nearly identical bars next to each other, first a green one and then a red one.

With the twin towers it is the opposite, a red bar is intersected by an almost identical green bar. This combination can be seen as a merged high or low test; the two bars together form a failed break-out. The train tracks are a strong sell signal because the sellers take over from the buyers. The twin towers is the opposite and can therefore be seen as a strong signal to buy. The bullish engulfing bar is a dropping bar followed by a rising bar that both surpass the bar at the bottom and the top.

The price dropped and the low of the previous bar was also breached; this is a strong signal to buy. Vice versa, the bearish engulfing bar is a strong sell signal. The rise is followed by a much stronger drop where both high and low surpass the previous bar. The inside bars are a strong indicator of indecisiveness.

The inside bar fits into the previous bar; thus there is no clear direction. The double inside bars are even stronger. Here the third bar fits within the second bar. After double inside bars, a strong movement down or up is to be expected. The Doji bar sends out a strong signal of indecisiveness. It serves as the backbone of international trade and investment: imports and exports of goods and services; financial transactions by governments, economic institutions or individuals; global tourism and travel — all these require the use of capital in the form of swapping one currency for a certain amount of another currency.

When trading Forex CFDs, you are essentially speculating on the price changes in their exchange rate. To see a full list of currency pairs offered by Plus, click here. Forex rates are impacted by an array of political and economic factors relating to the difference in value of a currency or economic region in comparison to another country's currency, such as the US dollar USD versus the Offshore Chinese yuan CNH — these are the currencies of the two largest economies in the world.

Among the factors that might influence Forex rates are the terms of trade, political relations and overall economic performance between the two countries or economic regions. This also includes their economic stability for example GDP growth rate , interest and inflation rates, production of goods and services, and balance of payments.

To learn more, use our Economic Calendar to find real-time data on a wide range of events and releases that affect the Forex market. Please note that when trading Forex or shares CFDs you do not actually own the underlying instrument, but are rather trading on their anticipated price change. Foreign Exchange trading has a number of risks that you should be aware of before opening a position. These include:. We offer risk management tools that can help you minimise your trading risks.

If you're ready to start trading Forex with Plus, click here. Use our advanced trading tools to protect your profits and limit losses. Start Trading Now. or try a FREE Demo Account. View Our Forex Pairs. Advanced Trading Tools Use our trading tools such as Stop Loss, Stop Limit and Guaranteed Stop to limit losses and lock in profits. Learn More. Easy Account Opening Apply for an account in a few minutes, practice trading with our FREE unlimited Demo Account until you're ready to move to the next level.

The channel is especially famous for day trading calls in addition to trading re-caps and features comprehensive playlists which cover topics such as:. Patrick Wieland is a Momentum Day Trader who started his YouTube channel in As a global leader in financial market research as well as investment analytics, Trading Central launched its YouTube channel in to provide traders with additional information on financial news.

The broad portfolio that Trading Central offers includes awarded analyst research along with patented pattern recognition and hour multi-asset coverage from around the globe. These all provide traders with both technical and fundamental analysis on more than 75, financial instruments every market day in addition to offering traders with both timely and actionable insights to refine their trading and make improved and informed trading decisions.

The Bulls on Wall Street started their YouTube channel in and focuses on providing daily market watch lists, trading lessons, and cryptocurrency updates.

The watch lists which are provided are not only detailed but are updated daily. Some of the videos featured on this channel include, but is not limited to:. This YouTube channel was started in and teaches new traders how to trade. The channel features various videos on what trading is by providing a thorough explanation and helping traders build up their skills. Warrior Trading is a channel that teaches traders how they could make a living through trading. There are numerous videos that cover a variety of topics such as:.

Trading is a popular London fintech company that provides traders with access to financial markets through free, smart, and easy-to-use apps which provide traders with access to equities, commodities, Forex, and numerous other financial instruments.

The YouTube channel was started in , and provides traders with insightful videos that cover topics including, but not limited to:.

The Trading Channel YouTube channel was started in and features professional Forex trader and Trading Coach, Steven Hart, who shares his knowledge of the markets with the purpose of helping traders shorten their learning curve on Forex Trading. The channel hosts free content in addition to paid programs and courses which are catered for every trader despite their trading needs or objectives.

The channel features a variety of videos covering topics such as:. Starting in , this YouTube channel teaches traders how to day trade and to become successful day traders. Day trading can be one of the most lucrative professions which anyone can become, and it is one of the only jobs which allows for better performance during a crisis and financial downturn. The Day Trading Academy features a variety of videos that cover numerous topics from economic and financial news and events, to how day trading can be done in a series of comprehensive videos.

There are live streams on the channel every day at 09H00 EST. During the live streams, traders are welcome to ask questions regarding trading in addition to having access to an array of videos that are frequently uploaded.

These videos provide traders with the ability to view the structure of the markets and have access to an array of other informative videos. Nick Syiek is a stock and Forex market analyst and founder of the A1 Trading Company who started his channel, TraderNick, in DailyFX EDU launched its YouTube channel in and offers a great variety of videos on topics such as:. Traders are provided with information on day trading as well in addition to having access to videos covering trading psychology and basic trading strategies which are not subjected to the time frame in which traders execute their trades.

Finance Illustrated launched its channel in and provides traders with a fun and innovative way to learn about Forex and Stock trading. The channel provides both traders and investors with free resources and includes broker reviews and educational videos.

The main points according to which brokers are divided include the good, the bad, and the ugly, which provides traders with transparent reviews on brokers that they may come across. There are also numerous videos explaining the different ways in which traders can use brokers such as eToro to trade stocks, cryptocurrencies, and Forex. There are also simulation games and external tools provided which help beginner traders to trade a variety of financial instruments through the popular Trading Game.

The Financial Times is the most reputable and oldest financial publication in the world. For this reason alone, traders need to ensure that they visit and subscribe to the Financial Times YouTube channel to gain access to market news and analysis. The videos featured on the channel are organized in a similar way that the Financial Times organize articles in the newspaper with stories falling under one of the various categories including opinion, world, companies, analysis, and numerous others.

The Financial Times YouTube channel helps traders keep up to date with financial and economic news and any other occurrences or events that may affect their trading. Chat with Traders started its YouTube channel in and is hosted by Aaron Fifield.

This is a different approach when compared to other traders and trading channels on this list and has a talk show feel to it. In the videos on this channel, traders are provided with commentary from real traders on various markets such as Forex, stocks, futures, options, and that of cryptocurrency.

There are more than , subscribers to this channel, with more joining almost daily, and it provides long-form conversations with some of the most talented traders in the world in addition to investors and market participants. Those interviewed or featured offer their personal story and freely share their years of experience so that traders, whether beginners or experts, can gain some insight from traders who have been in the industry for quite some time.

Traders have access to a world of information around every corner with the internet and although some of this may be overwhelming, it is necessary for traders to ensure that they build up an adequate knowledge base on Forex before they start trading.

Overall, GO Markets can be summarised as a safe broker that provides competitive spreads on Contracts for Difference CFDs. GO Markets does not offer a Sign Up Bonus. GO Markets also does not offer a welcome bonus or deposit bonus or the advantage. The GO Markets demo. RSS Feed. Top 4 Brokers. Read Review. Open a Free Trading Account. Tiếng Việt. Czech Republic. Open a FREE Trading Account.

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Since there are many services available online for traders to receive research and education, I do not consider the absence of both at Plus as a negative. Plus operates purely as an execution-only market maker and does so successfully Forex Trading: The ULTIMATE beginner's guide. Best Forex Brokers on Youtube Best Forex Brokers on Facebook. Forex Brokers Payment Gateways. Forex Brokers Accepting Mobile Money Plus 6. Tickmill 7. Exness 8. Go Markets 9. com Justforex. Top 10 US Brokers. Oanda 2. The Forex market is filled with hundreds of different trading strategies, but what are the best Forex trading strategies for beginners?

This is a common question among traders just starting out and for good reason. The trader who has been struggling for years has to not only find what works best for them, but they also have to break any bad habits and put aside negative feelings they may have built up over the years. I welcome you to read on and learn three trading strategies that have become staples in my trading plan. When it comes to Forex trading for beginners, the pin bar is king. Notice how the market came into resistance during a rally but was soon able to break through that resistance.

One of the basic principles of technical analysis is that former resistance becomes new support, forex for beginners plus youtube. Sure enough the market found support at former resistance and formed a bullish pin bar in the process. In the chart above, GBPCAD met resistance after an extended move up.

Once the market broke through resistance, it found new support and formed two bullish pin bars. Shortly after forming these pin bars, the market continued its rally for an additional pips. For more information on this particular strategy, see the lesson on the Forex pin bar trading strategy.

Another highly-effective Forex trading strategy for beginners is the inside bar strategy. Unlike the pin bar, the inside bar is best traded as a continuation pattern. This means we want to use a pending order to trade a breakout in the direction of the major trend. Notice how the bar preceding the inside bar is much larger in size. Notice how USDJPY was coming off of a very strong rally when it formed the inside bar on the chart above. These are the best inside bars to trade because it shows a true consolidation period which often leads to a continuation of the major trend, which in this case is up.

For more on this strategy, see the lesson on the inside bar trading strategy. This strategy forex for beginners plus youtube different than most of the conventional breakout strategies out there. Notice how the market has worked itself into a terminal wedge, which simply means that the pattern must eventually come to an end. The opportunity to trade this pattern occurs when the market breaks to either side and then retests the level as new support or resistance.

In the case of the illustration above, the entry would have come on a retest of support-turned-resistance. Notice how in the Forex for beginners plus youtube 4 hour chart above, the market touched the upper and lower boundaries of the wedge several times before eventually breaking lower. As soon as the 4 hour bar closed below support, we could have looked for an entry on a retest of former support, which came just a few hours later. Although the pin bar trading strategy is my favorite, I have had some of my largest trades using the Forex breakout strategy above.

The market will often react quite aggressively after the breakout occurs, allowing traders to secure a large profit in a relatively short period of time. So there you have it. Three simple Forex trading strategies for beginners. These strategies are by far my favorite and for good reason. If used properly, they can quickly build your trading account into a sizeable amount. The best part is, they are extremely simple to understand and are therefore easy to incorporate into your trading plan, forex for beginners plus youtube.

Focus on one or two strategies at a time. That way, you forex for beginners plus youtube use the rest of your time and energy working on your patience and discipline. The pin bar and inside bar are two of my favorite strategies for the beginner. The breakout strategy is another excellent choice. Work on developing a sound process and forex for beginners plus youtube patient, forex for beginners plus youtube.

Do that and the money will follow. Forex Trading for Beginners: 3 Profitable Strategies for What is Forex trading for beginners? What are the best Forex trading strategies for beginners?

What is your single best advice for Forex beginners? AND LOST IT! Post a Comment. Thursday, July 14, Forex for beginners plus youtube. Plus Trader's Guide - How to trade with Plus , time: at July 14, Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest. Labels: No comments:. Newer Post Older Post Home.

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Notice how USDJPY was coming off of a very strong rally when it formed the inside bar on the chart above. The cookie is used to store the user consent for the cookies in the category "Performance". Broker Reviews. Traders will be able to withdraw funds from their account for free five times in a month as long as the minimum amount being withdrawn is US Dollar for bank transfer and US Dollar 50 for PayPal or more. Avatrade Exness Justforex Oanda BDSwiss Hotforex Pepperstone FBS OctaFX GoMarkets Menu. Plus has a comprehensive offering pertaining to a wide variety of financial instruments that are available for trade, which amounts to well over spread across 7 asset classes which includes:. FBS 9.

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