Monday, May 25, 2020

What is price action in Forex?

What is price action? Should you trade under Price Action? This is the question that any new trader needs to be answered. Let's learn about the concept of Price Action, as well as the applications of Price Action in forex trading!

What is price action?

In Forex, you've probably heard of Price Action, also known as price action. So what is Price Action? Did you understand it, or did you really learn about it? How will Price Action trading work for investors?

Price Action (PA for short) is a method of trading on price action (chart analysis). This is a way of trading without any news or indicator. With Price Action, the fluctuations of the market are expressed through price action.

Features of trading charts by Price Action:

There will always be three types of charts in a trading platform, including line charts, bar charts and candlestick charts. Price Action mainly uses candlestick charts to analyze buying and selling actions of investors in the market. In order to understand the rules of trading in the market, and make appropriate trading decisions.

Price Action is one of the technical analysis methods. A special feature of Price Action is that it does not use indicators.
Traders find that the indicators they receive are often delayed, which will cause them to react slowly to market prices. Price Action often ignores the basic analytical factors and focuses on observing price action, or important price zones in different time frames to find a good trade signal.
In a price chart, two traders can come up with two different conclusions about the trading signal, which is not unusual. By Price Action allows traders to develop their own skills when analyzing markets. Price Action does not have a common formula, it does not rely on indicators to encourage investors to follow a specific direction. Basically, indicators usually give early or late signals, it doesn't have the exact time to enter the order. Therefore, not relying on indicators will be a notable feature of Price Action.

Benefits when trading by Price Action method

As mentioned above, because Price Action is characterized by not using indicators. In the chart, indicators are lines that look very complicated, causing traders to be highly focused when observing. So when looking at the price action of Price Action, it will help you get a more intuitive look by using only candlestick charts to analyze market trends.
Traders need to find key price levels, major support levels, key resistance levels, trend lines, etc.
In Price Action, traders can focus completely and key price areas to pay attention to. However, you must note that in order to trade by Price Action method effectively, traders need to equip themselves with certain background knowledge. This is something that not every new trader can do. Because without the basic knowledge, as well as the experience and trading skills, new traders often find forex very difficult when trading under Price Action.
The disadvantage of this method is that you must directly observe and assess the market, then enter the order manually, it is difficult to apply automated trading when you use the Price action method. And one more thing to note is that no matter how ideal, there is no perfect method, it always has unintended errors.
Hopefully this article with the basics of Price Action is what will help you better understand the method of Price Action analysis, and have a better understanding of the Forex market.
Wish you success in your trading career!

Pros and Cons of Copy Trade, Should Use Copy Trade?

What are the advantages of Copy trade?

A successful and profitable Trader has to do a lot of things such as tracking trades, managing orders, managing emotions, managing psychology, capital management and risk management, ... these are all What is not learned is possible.

To Trader, you must regularly exchange knowledge about trading, learn experience from failure, from the previous ones, create trading methods suitable to the deep style to bring maximum efficiency and learn. how to manage capital, control psychology, manage risk, ...
Copy trade does not need those things, your job is only to find an investor with stable profits and good risk management.
But when you  copy trade  you will not have to do anything, you just need to choose a good trader, fit your style and Follow them. Then you can play games, read books, work, clean the house, take care of the children, and so on, and your profits will increase just like an experienced investor.
A full-time trader takes a lot of time, effort, and effort to try out new methods, and it takes time to see the effect.
Copy trade, you can easily invest in many different Pro traders to compare yields and test time is also very short. Help bring you a good portfolio and bring stable, secure income despite the fact that you spend very little time and you do not necessarily need to have knowledge or experience about Trading.

Compared to stock investment

The advantage of  investing in securities  is that you benefit from the basic profit sharing per share each year, but the high profit-sharing stocks have a heavenly price.
Even if the stock price does not fluctuate that year, the return on the stock may not equal the "bank savings interest."
Everyone understands the rigors of the stock market, and if you've ever invested in the stock market back in 2007, you probably know what the pain is.
One more lesson I also want to mention is that people initially participate in the stock market often with the idea of ​​long-term investment, basic investment.
But after a while most of the time become traders, vicious circles of knowledge, experience, time will come back and most of us bake the initial investment.
So compared to stock investment,  Copy trade  has a much better comparative advantage, because you overcome common problems in stock investment, you do not need the knowledge, experience, time still. to make a profit with  Copy trade , which you will rarely see in stock investment.

Compared to bank savings

In the current period, interest rates of bank savings are very high in Vietnam at only about 7% / year. In fact, those who do not know how to use money to use new bank channels to save money.
People without knowledge of finance and cash flow often think that when they have a large amount of money they will deposit their bank and take interest to cover their lives, the reality is very different from what they think. , for example, if there is a hyperinflation such as Venezuela or Zimbabue, their money will be swept away no matter how big it is.
I confirm this because the interest rate on bank deposits is 7% / year, but minus the annual consumer price increase, the actual interest you receive is only 3%. Too low, right ???
So do not think saving bank is a safe channel.
Compared to bank deposits at a low interest rate, you invest specifically using copy traders, I find that you earn 15% / year is extremely easy if you know how to allocate capital to investors.
15% compared to 7% plus the power of the 8th wonder "compound interest" will be a tremendous amount of money when calculated over a long period of time. Therefore, compared to bank savings, copy trade is more advantageous.

Compared to real estate investment

In the real estate era, you can make a lot of money from real estate. Maybe 20, 30, 50 or even 100% of your money.
Real estate investment is one of the safe investment channels and is almost a compulsory option in the portfolio of an experienced investor.
However, the disadvantage of real estate is its low liquidity and large amount of investment. You are also at risk of losing money when real estate freezes, your assets not only increase but also decrease.
Copy trade may not be comparable to the real estate portfolio in its prosperity, but it overcomes the disadvantages of real estate quite well thanks to low investment capital, quick liquidity and reduced risk. The capital for this portfolio is relatively small.
Therefore, you should consider  Copy trade to  be a perfect addition to your overall portfolio, including real estate.

What is the profit potential of Copy trade?

With people who copy the orders of others like you, you can easily earn copy profits without spending much time, effort, knowledge and extensive experience about the market.
  • In the current period, the bank interest rate is only about 7% / year. And with a rapid growth rate of annual consumer prices, the actual profit is only 3% / year.
  • And bank deposits are not as secure as you think! For example, if Vietnam has a hyperinflation such as Venezuela or Zimbabue, your money will not fly, no matter how big it is.
  • Compared to the bank deposit of 7% / year, the profit when you copy the trade may be up to 15% / year or more. And it is very easy and safe if you know how to choose and allocate capital for copy investors.
For traders (whom you make copies of), in addition to making a profit from trades made on their own, they are paid by the exchange and may also receive a small fee (from the delivery fee). translation of their followers). If the number of followers is large, the amount of money making copy is much, the monthly amount they earn is not small.
Exchanges: They have more members participating in the exchange, the trading orders will be made more, they will charge fees from arising transactions plus withdrawals or account management. As stated above, a portion of the transaction fee will be redistributed to traders to encourage them to share their experience and trading methods.

Why is Copy trade free?

You can easily get profit when copying transactions without spending time researching markets or methods, strategies, capital management, psychological management, ... and many other things.
As for Pro traders, what do they get? In addition to making a profit from the trades they make, they will also receive 20% of your profits and their followers. If the number of Followers is large, then the amount of money they will collect will be very large.

The principle of win - win between 3 parties

For traders (whom you copy), in addition to making a profit from trades made on their own, they are paid by the exchange and may also receive a small fee (from delivery fees). translation of their followers). If the number of followers is large, the amount of money making copy is much, the monthly amount they earn is not small.
With people who copy the orders of others like you, you can easily earn copy profits without spending much time, effort, knowledge and extensive experience about the market.
Exchanges:  They have more members participating in the exchange, the trading orders will be made more, they will charge fees from arising transactions plus withdrawals or account management. As stated above, a portion of the transaction fee will be redistributed to traders to encourage them to share their experience and trading methods.

The exchange pays salaries for successful investors

For example, at  eToro , you can view the trading levels and the commission received for an investor.
An investor of Elite level will receive a fixed monthly amount of up to USD 1,000 plus 2% of the transaction fee incurred by followers in that month.
This means that the more beautiful an investor with porfolio and the more followers or manage the bigger the follower's funds, the more money.
This is also the motivation for social trading traders to improve their knowledge, experience and strict capital management in order to bring the highest profit and stimulate followers to follow them.

Conclude

The purpose of copying trading and investing social networks is to help beginners learn more about trading strategies of other traders.
This is an extremely good means of learning to help you gain more luggage in this fierce battle. Copying transactions will allow them to interact with many other traders.

If you really want to learn more in trading yourself, you should use copy trading, which is a new revolution of technology today. But if you think copy trading is a get rich quick model then this is a wrong idea.

What is copy trade? Learn about Copy Trade in Forex

How do you invest without experience, knowledge and time but still earn a steady profit on the financial market safely and sustainably?





This article will help you find yourself a simple and effective method to be able to make money in the financial market, which is copy trader or also known as Copy trading. This article will also show you how to choose the perfect investor for your style and start trading.
Do not skip this article, because maybe it will help you CHANGE YOUR FINANCIAL COMPETITION.
Entering the 4.0 period, with the outstanding development of technology and great minds, you can easily find an experienced investor without having to learn their skills. If you do not believe you can read on to why I am saying this.

Why is the financial market so attractive?

The marketplace is the battlefield, and the financial market is even more extreme, this is a bloody battlefield. Up to 90% of investors fail and even lose money in this market.
But what attracts investors despite their losses despite knowing this is a fierce market and even more newcomers continue to participate in this market? That's because 10% of the survivors are all rich and extremely high income.
Financial transactions create many opportunities to bring large amounts of money and quickly. Money expresses financial freedom, which is the dream of many people who don't know how to get there. They are willing to trade between losing money to be among the 10% of successful investors.
With a dream of a comfortable life of money, time, not constrained by anything, no pressure from work, no financial headache, ...

The difficulty of those 3 not: No knowledge, No experience, No time

Many people have raised questions about how to join investors when they do not have the time, knowledge or experience? Is it like throwing money through a window?
This is entirely true, but that's what the past, when investors without knowledge and experience will become lambs among old wolves.
To become a "Wolf" and make a profit in the market, you have to trade a lot of money, time and effort.

But there are many who lose a lot but still cannot succeed, because successful investors in addition to the above factors must also be gifted, which means they must have an advantage over the houses. other investments.
And these gifts of nature come from their personalities, successful investors are very wise, they live very principles, can be said to be rigid. An indispensable element is discipline, they are very disciplined, they control the forest of good transactions, let go, something that not everyone can do.
All of the above create a general picture of the investment world, 90% of investors are at a loss, 90% of the market money belongs to 10% of successful investors.
But with the 4.0 technology era, a person who does not need knowledge, experience and time can still make a profit in this market with Copy Trade.

What is Copy Trading / Copy trade?


What is copy trade? Copy Trade literally means COPY OF TRANSACTION. Transactions on the master account will be copied the same or similar to the Copy account. Of course, the original account has a loss or loss, the copy account will lose or similar profit.
Any trading actions performed by Pro Trader such as opening orders, stop losses, and closing orders will be executed in the duplicator's account in the ratio between the two accounts.
Specific example:
Account A has a total of USD 100,000 and trades into 150,000. Account B, copied under account A and having the same capital of USD 100,000, will also have a profit of USD 150,000
Account C also copies but only 10,000 capital will also be profitable is $ 15,000.
The person who copies the trade will still be able to disconnect from Pro Trade and manage the order itself. Similarly, the copy may still not need to be disconnected, but it is still possible to decide whether to cut the order, SL, TP, etc.

What are the advantages of Copy Trade?

A successful and profitable Trader has to do a lot of things like tracking, managing transactions, managing emotions, managing psychology, managing capital and risk management, ... these are all things Not learning is understandable
But when you copy trade you won't have to do anything, you just need to choose a good trader, fit your style and invest and follow them. Then you can play games, read books, work, clean the house, take care of the children, and so on, and your profits will increase just like an experienced investor.
To become a successful trader, you must constantly exchange knowledge about trading, learn experience from failure, from the previous ones, create trading methods suitable to the profound style. bring maximum efficiency, learn how to manage capital, control psychology, manage risk, ...
Copy trade does not need those things, your job is only to find an investor with stable profits and good risk management.
A full-time trader has to spend a lot of time, effort, and effort to test new methods, and it takes time to see the effect.
Copy trade, you can easily invest in many different Pro traders to compare yields and test time is also very short. Help bring you a good portfolio and bring stable, safe income despite the fact that you spend very little time and you do not necessarily have the knowledge or experience of Trading.

Profit potential of Copy Trade

In the current period, the bank interest rate is only about 7% / year. And with a rapid growth in annual consumer prices, the real interest rate is only 3% / year.
And bank deposits are not as secure as you think! For example, if Vietnam has a hyperinflation such as Venezuela or Zimbabue, your money will not fly, no matter how big it is.
Compared to your 7% / year bank deposit, the profit when you copy trade can be up to 15% / year or maybe even more. And it's very easy and safe if you know how to choose and allocate funds to traders.

Why is copy trade free?

You can easily get profit when copying transactions without spending time researching markets or methods, strategies, capital management, psychological management, ... and many other things.
As for Pro traders, what do they get? In addition to making a profit from the trades they make, they will also receive 20% of the profits from you and their followers. When the number of people copy more, the pro trader will also receive more income!
In addition to the copy trade method, currently in the forex trading market there is another method suitable for new investors to enter the market and not have much experience, not enough confidence to trade on their own. consignee . Join us to learn more about this trading method through the next article!

Only you can change your financial destiny!