Let’s wrap the whole...from Martin.phan

09 Nov 2022, 16:24 · Views 268

Let’s wrap the whole session of mechanical trading system design in today’s lesson. Keep in mind that your system should achieve two primary goals: identify a trend as early as possible and find ways to avoid whipsaws. If it works on a demo account for at least 2 months, you are ready to use it live with real money. Do not forget to stick to your rules no matter what, despite how ideal the system is. By the way, do you still remember the 6 steps to develop your trading system? #dnbcglobalmarkets #dnbctrading #metatrader5 #metatrader5account #investment #tradeinyourownway #investing #marketnews #education #dnbccourse

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Martin.phan

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I am here to talk about my definition, my points of view about Forex market.I am happy to be a part of your profit when my signals can help you!

Don’t confuse margin and leverage. Though their relationship is interdependent, each functions distinctively. Leverage is the ability to control a large amount of money using none or very little of your own money and borrowing the rest. For example, to control a $100,000 position, your broker will set aside $1,000 from your account. Your leverage in ratios is now 100:1 and you have control over $100,000 with only $1,000. Meanwhile, margin is the initial amount of money that you have to deposit into your account in order to start transactions, including leverage uses, with your broker. Margin is usually expressed as a percentage of the full amount of the position. If your broker requires a 2% margin, you have a leverage of 50:1.

Martin.phan

#XAU/USD# #oil plummeted to near a one-year low as worries over recession offset positive supply-side signals from a bigger-than-expected crude inventories. Brent oil futures sank 0.3% to $79.51 while WTI crude futures lost 0.1% to $74.16 per barrel. Many are awaiting November’s U.S producer inflation data to see if it would trigger more volatility to the market. #goldprices pinned below $1,800 on the recovery of the dollar while the markets awaited inflation and GDP data from major countries for further clues in the global economy. Spot gold now traded around $1,770.33 while gold futures fell 0.1% to $1,782.35.

Martin.phan

#NZD/USD# NZDUSD now is also in sideway trend when 0.6329 and 0.6315 are two strong support and resistance.So, my advice is just wait and do nothing.We will want the price breaks out of sideway trend then easier to decide what best positions. +Sell: 0.6328,S/L:0.6332,T/P:0.6298

Martin.phan

NZDUSD yesterday has increase strongly, but it faces off with the resistance at 0.63470 and felt back down.Now it is going to retest its old top 0.63387 and maybe it could be decrease to its own down trendline at 0.62902.Waiting until it retest at its old top then consider Sell options: Sell:0.63398, 0.63470,S/l:0.63558,T/p:0.63046,0.62866

Martin.phan

#NZD/USD# NZDUSD has broken the price channel, which is a downtrend at the moment.Considering for Selling options, by the side, now is at the end of the year,the liquidity is also very low, then it is hard to predict 100% what can be happened.Please be careful and don't waste money on chances that you are not really sure. +Sell:0.62789,S/L:0.62907,T/P:0.62359,0.62096

Martin.phan