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Forex Brokers » Learn to trade in a clean chart » 2/14/2019 6:29 am

The chart is the most important tool in the trading platform. It is a small mirror of what is happening in the industry. Imagine a place where you cannot see what is going on. It will be difficult to make the right decision but if there is a small window, it will change the condition.  The chart is the small window of the market. This shows the movement of the currency pairs, the volatility, and the change in the direction of the price and also when a good trend is coming. Many people underestimate the importance of a clean chart in their career. They keep the chart messy and clogged with hundreds of indicators. These are given for a purpose, to analyze the pattern effectively and get a more certain result. Not every indicator is as helpful as you have thought. This article will tell how a clean illustration can improve the performance and encourage the traders to make a decision. It also helps in decreasing the confusion in decision making.
A clean graph helps to incorporate the indicators
The first advantage is that it helps us to use the indicators that we need. There are many indicators on the platform but the people only use few of them. The most commons are the Japanese Candlestick pattern, the support and the resistance levels, the Fibonacci patterns and the other types. When the display is clean and there are no unnecessary marks, the people can efficiently use the strategy and get a better result. The professionals always advice to use as much fewer marks as possible to get better performance.
Trade the daily time frame
Those who trade the lower time frame are always losing money. You can’t keep your trading chart clean when you analyze the data in the lower time frame. In order to become a successful Singaporean trader, you must consider [url=https://www.home.saxo/en-sg/products/forex]

Binary Options Brokers Discussion » Spot a good forex broker before hiring » 2/14/2019 6:27 am

In order to ensure success in the forex market, a trader who is a beginner must look for a good forex broker for proper guidance and advice. Every forex trader will have different needs and thus, not every good broker will turn out to be best for a given trader. A trader must select his broker keeping in mind the compatibility of his demands and the supply of services by the broker.
One must enquire about the services being provided by the broker before deciding to open an account with him/her. Since the forex market operates globally, the qualities of a good broker are uniform globally. Also, forex being a virtual exchanging platform, traders can choose brokers from anywhere across the world, and not necessarily from his/her home country.
Some of the qualities of a good forex broker are discussed below:
[*]Good Financial Assets: A good financial banking is highly appreciated. If a broker has a good asset base, the traders can trust him confidently regarding his next financial step or advice. Good assets mean a strong and developed brokering firm. Thus, traders can be sure that their financial dealings are being handled by reliable hands.
[*]Forex trading platform: A proper forex broker always provides his clients an efficient forex trading platform. This account helps the traders to overlook the stats, trade in the market, technically analyse and get a consistent supply of forex news feed. To make certain that the platform being provided is efficient, one can always practice on the demo account free of cost and evaluate the performance.
[*]Customer care: As the market works without a halt, the traders must ensure that their brokers are present at all times, when and where required. The benefit of the sleepless forex market is for the traders alone, and they must not conform to the broker’s availability pattern. The forex brokers or at least their representative must be present at all times to provide clarifications or assistance to t

Binary Options Trading Strategies » Factors Affecting Foreign Exchange Rate » 2/14/2019 6:26 am

The foreign exchange market is one of the most blooming markets of the present world. In terms of size, forex market is one of the largest, based on volume, liquidity and regular turnover. Foreign exchange rate, or the forex rate, is the means through which a country’s economic heath and stability can be determined and this is the sole reason why this rate is kept under a constant watch.
The exchange rate is the rate at which a country’s currency can be may be converted to another. It has a high fluctuating pattern and fluctuates based on demand and supply of the respective currencies. For transferring or investing money overseas, one needs to understand the basic factors which tend to affect the forex rate.
A few important factors affecting the foreign exchange rate are discussed below:
[*]Inflation rates:  A country’s inflation rate greatly affects the currency exchange rates. A country with a lower inflation rate will see an appreciation in the value of its currency. The prices of goods and services of this country will increase at a slow rate. On the other hand, the country with a high inflation rate will undergo depreciation in the value of currency. Although the interest rates are higher in the latter case.
[*]Interest Rates: Fluctuations in interest rate, affect both forex and inflation rates as all the three rates are correlated. When a country’s interest rates increase, its currency rate appreciates as higher rates give a higher rate to lenders, which in turn attracts more foreign capital, resulting in a rise in the exchange rates.
[*]Current account of the country: A country’s current account is an image of its balance of trade and earnings on foreign investment. A deficit in the country’s account may arise when more of the country’s currency is spent on acquiring imported products, rather than gaining from selling off exported items. This causes depreciation and in tur

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