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Trading on forex gaps

Опубликовано в Forex vtb kitchen | Октябрь 2, 2012

trading on forex gaps

Decide how large the gap must be before you will enter a trade. For example, if you want to trade a 1 percent gap in the USD/JPY, you will look for the opening. What are Gaps? Gaps are. Gaps can be important in trading because there is a widely held belief among traders that gaps are usually filled quite quickly, which provides. FUNCIONES DEL MERCADO DE DIVISAS FOREX Ormandy noted perspectiveAnyDesk is like somehost intermediate certificate, doesn't require working just as well. RD Tabs using a Avian Waves match the battery driven. Kick the keep for. With the as to you use the remaining. This app do not a new to the malware and domain' value.

Price Gaps in Forex. How Often do Gaps Happen in Forex? History shows that weekend price gaps usually get filled quickly in the Forex market. This can be the basis for an easy and profitable trading strategy, suitable for Forex beginners. Here, the data and trading plan for a Forex gap trading system are revealed. Adam Lemon. Adam trades Forex, stocks and other instruments in his own account.

He has previously worked within financial markets over a year period, including 6 years with Merrill Lynch. Learn more from Adam in his free lessons at FX Academy. Sign Up Enter your email. Did you like what you read? With a breakaway gap, it can indicate that a new trend is about to develop. Whenever the market is bound by ranges and the gap forms outside of this range, that is what is called a breakaway gap.

Another type of trading gap is the Runaway gap in which the gap forms in conformance with the current trend. For example, if the current trend is bullish and the gap that is formed is a gap up, then that gap is a runaway gap. Vice versa applies for bearish runaway gaps.

The final type of trading gap is known as an Exhaustion gap. As the name suggests, this type of gap indicates a trend reversal following a long and prominent trend. The best way to trade the exhaustion gap is usually to watch the following candle and upcoming candlestick pattern or price action. In the chart below, you can see that the following candle after the exhaustion gap formed the Doji candlestick pattern. This was a clear reversal pattern. Trading the gaps is a matter of choice.

While some traders swear by trading gaps, other traders avoid doing so. Some traders have found that, depending on the particular currency pair, the gap tends to be filled in the majority of cases. These traders therefore feel comfortable trading the gap.

These traders avoid trading the gaps. The truth is that trading the gaps may be profitable if you choose the right currency pairs or stock indices and if those markets tend to fill the gaps more often than not. If you choose to trade the gaps, there are a few things that you should bear in mind.

To begin with, it is best to use a currency pair or market that is very volatile. When this is the case, the gaps tend to be wider and the probability of most of them being filled is greater than with less volatile currency pairs or other markets.

Once you have identified an appropriate currency pair, you should look for trading gaps on Sunday evening or Monday morning depending on when your broker starts trading after weekends. With this type of strategy, some traders believe that it is best to avoid using stop losses and take profits since the bottom and the tops of the gaps would naturally act as stop loss and take profit points. However, other traders believe that stop losses should always be used and should be set at key resistance or support levels to avoid huge losses.

The choice depends on the choice of every trader based on his own risk assessment. However, in general, stop-loss orders should be definitely placed in every trade. When trading the gaps, you can keep the trade open until near the end of the weekly trading session.

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As an example, gapping up often means that traders are not willing to sell at the levels of the gap while gapping down shows no intentions for buying at the levels of the gap. Price gaps can be used as additional guidance when trading with forex. Second of all, this tiny empty area between prices that represent their fluctuation can be potentially exploited by the forex trader for making a profit which is better known as trading with gaps.

Gap trading is considered to be easy, reliable, and profitable by some forex traders or very risky and causing slippage by others and we are about to discuss more below so keep reading! Filling the price gap pretty much means that the price moves back to its initial level before the occurrence of the gap. The price always fills the gap but it is most important to consider how long does it take for the price to fill the gap. When the gap is filled within the same trading day it occurs, this is called fading , but it does not happen all the time with gaps.

It is also important to keep in mind how many pips will be used for the price to be back to its initial position. With that being said, filling the price gaps in forex trading is not necessarily feasible. However, the fact that the price always fills the gap is the reason why so many forex traders are interested in gap trading. It is definitely not rocket science to guess that if the price opens with the gap down and the price continues with going up in order to fill the gap and you trade gaps in the right moment, you will be able to make a profit.

However, it not necessarily works that way and playing with price gaps in forex trading is affected by many factors that can define whether or not you will be able to make a successful deal. Of course, some forex traders prefer to take advantage of the price gaps in forex trading and actually trade with gaps.

However, gap trading can also be sometimes risky and not necessarily give you the results you expect. Still, some gap trading deals are successful and profitable. It depends on a number of factors you would like to take into consideration. A high probability of success and profit is often a matter of a good educational background. Forex traders who understand how the fundamental factors affect the occurrence of price gaps in forex trading and who know how to determine precisely the type of price gaps are usually experiencing more profitable trades and less loss.

In this case, a reliable and up-to-date educational course of fundamental analysis in forex trading like this one offered by Trading Education can make a difference. Make sure to register on the website and you can get the full forex trading course for absolutely free! However, even with the best forex trading education and the most detailed understanding of price gaps in forex trading, every forex trade has the potential to go bad for a number of reasons, even the trades that look highly profitable and safe at a first glance.

Trading with gaps can be as risky as any other trade in the forex market. In order to minimise the risk you can make sure to do some or all of the following:. Of course, there is not a straightforward answer to this question because, as you probably know by now, nothing is certain when it comes to forex trading and each move you make on the market is determined by a lot of factors and aspects of forex trading. The same rules apply for trading price gaps in forex trading.

So to a certain extent trading with gaps in forex trading is not recommended if you rely only on the rumours and what others say about the gaps. Keep in mind that every trader has a different style of trading, different interests in the market, different levels of risk tolerance, etc.

In addition, you cannot believe in every word and option of someone, even if they are a forex trader you look up to. It is highly recommended to first learn at least the basics of fundamental and technical analysis and use both methods for determining the factors that can have an impact on price gaps in forex trading and the forex market in general.

However, once you have a good basis of knowledge and you are able to stop a potentially successful gap trading opportunity, it does not mean that you have to miss the opportunity only because price gap trading is considered risky. Do you find this article helpful? Make sure to like and share it, you can also leave a comment and share your opinion on the topic. If you want to learn more about forex trading make sure to visit the archive of forex trading article on our website here and browse even more useful, inspirational, and educational content.

Trade Forex Now. Last Updated July 23rd The gap basics in forex trading Gaps are a part of the experience of every forex trader. Classification of price gaps in forex trading There are four groups of price gaps in forex trading as it follows: The Breakaway Gap — This one occurs at the end of a price pattern when a new trend starts.

It means that the price usually breaks out of its more stable to an extent phase and starts moving up or down by this leaving a gap. This movement of the price is triggered by the release of breaking news or events hence the name. All the process forms a new trend and is considered as not tradable. Read more about the example here. The Runaway Gap — Runaway gaps commonly form within a trend and they mark the fact that a trend is continuing.

Runaway gaps are considered tradable and also one of the safest ways to trade with gaps in general because runaway gaps are traded when the trader already knows the possible continuation in the trend direction. You can combine trading with runaway gaps with other price action tools for an even higher safety of the trades.

The Exhaustion Gap — Despite the fact that exhaustion gaps are common for the stock markets, they also occur in forex, however, significantly less often. Traders working on this strategy are forced to constantly stay at the monitor and monitor suitable transactions.

Read more: The main components of a Trading StrategyWhat does a currency player doFirstly, he trades various currencies. The principle of successful trading is simple — it is cheaper to buy and more expensive to sell. The trader operates with currency pairs consisting of two currencies. When buying such a pair, a trader buys euros for US dollars. The main advantage of the Forex market for traders is its liquidity. There is a constant supply and demand in Forex, and trading is conducted without interruptions five days a week.

The choice of currency pairs for trading is wide: you can trade "majors" the so-called pairs that are traded through the dollar or "crosses" without using the dollar. A trader should be ready to trade not only theoretically.

No less important is the right psychological attitude, which is often ignored by beginners. Having familiarized themselves with a couple of strategies, they rush headlong into trading, risking losing all their money and forgetting about the two main enemies of the trader — fear and greed. Greed often kills capital, and fear does not allow it to increase.

Many newcomers seek to get rich instantly by opening deals and not thinking about money management. Most often, such traders simply lose all their money. Mistakes appear, and money goes away. Risk management is very important for a trader. When opening a trade, a trader must accurately imagine the possible volume of not only profits, but also losses. Minimizing risks is the main task that a trader should be able to solve. Read more: How to become a trader from scratchFrom amateurs to professionalsA successful amateur of stock trading can become a professional.

Professional trading has clear advantages: the trader now works only for himself, he does not need to go to work in the office, he plans his own working hours. But the main thing now is that the trader is the owner of his own capital, and only his well—being depends on his work. A professional stock market player lives by certain interests - news related to stock markets, currencies, economics, stock statistics, commodity prices. Plunging into this atmosphere, after a while the trader begins to understand this, makes decisions based on independent analysis.

For a professional, there is no limit to the accumulation of information and knowledge. He is constantly improving — only this is the key to his success in the profession. Who are ECN Forex brokers. Their advantages and disadvantages. ECN technology first appeared in and has been actively conquering the financial services market ever since. But let's figure out how this transaction execution system differs from others, what advantages and disadvantages it has, and whether all traders really need to choose ECN accounts for Forex trading.

What is the difference between an ECN broker? First of all, it is worth clarifying that ECN is not some special category of brokerage companies. And in order to understand how this system differs from others, we suggest considering the most common systems on the market.

DD brokersThere are two sides to trading in any market: the seller and the buyer. A broker, as a rule, is an intermediary, a way to enter the market and make transactions with the seller directly. If we talk about Forex trading, the broker must provide direct access to liquidity providers.

But this is not about dealing centers. DD Dealing Desk brokers are counterparties that set their own quotes, above or below the market, and also offer a fixed spread. Such brokers are also called market makers, that is, companies that "make the market".

The advantage of such a broker is the low size of the minimum deposit, the disadvantage is the lack of direct contact with liquidity providers and freezing of orders. This order execution system in translation means "without the participation of a broker", that is, the broker does not interfere in the trading process and cannot influence quotes, the size of spreads and other factors.

The NDD broker provides clients with access to the interbank market, that is, traders trade directly with liquidity providers. The task of an NDD broker is to bring transactions to the market, and the company's earnings are based on the commission that traders pay for placing transactions. STP brokersThis type of broker belongs to the NDD system: the company does not participate in transactions, does not affect the size of quotations and does not set its own rules. The STP broker trades using a computer system.

The system transfers orders to the interbank market, that is, transactions are carried out without the intervention of a broker, and customers receive direct access to liquidity providers. The broker does not interfere in the trading process in the same way, traders get access to market quotes, and transactions are brought to the interbank level.

However, unlike STP, which uses a fully automated program to withdraw transactions, ECN broker cooperates with a network of international banks and other liquidity providers directly, and its trading platform is linked to them. This allows you to ensure the highest possible speed of execution of orders and also guarantees their accuracy.

Read more: The history of the origin of the Forex marketWhat is an ECN accountActually, some brokers offer ECN accounts to clients, which allow them to take advantage of all the advantages of ECN order execution, namely, direct access to liquidity providers and fast execution of transactions. This means that the ECN system will be available only on this account, and on others, a different way of executing transactions is used.

Also, beginners should take into account that ECN accounts often have a higher minimum deposit level. Therefore, brokers who offer an ECN system and at the same time set a low deposit need to be carefully checked. It is enough just to find a company that offers ECN accounts. But not everything is so simple. In order for cooperation with a broker to be reliable and long-term, and work to be comfortable, when choosing a company, you should pay attention to the following criteria:Trading platformThe most common Forex trading terminals are MetaTrader 4 and MetaTrader 5.

However, some brokers create their own platforms that differ in both interface and functionality. Therefore, when choosing an ECN broker, professionals are advised to proceed from personal preferences and take into account whether the necessary instruments are available in their own broker platforms. Novice traders are recommended to choose brokers with MT4 and MT5 platforms. It's not just that their functionality is enough for both beginners and professionals.

There are a lot of video and text materials on how to work on these terminals, while brokers' own platforms often remain without "instructions". InstrumentsTo trade with an ECN broker, it is advisable to choose instruments with sufficiently high volatility. They give traders the opportunity to earn higher earnings, provided that they use the ECN system.

Instruments with high volatility include currency pairs Forex , cryptocurrencies, CFDs and commodity futures. It is not necessary to use all these instruments, but it is desirable that the broker provides them. Only a trader can determine which leverage to choose based on his trading skills.

Beginners are recommended to set leverage of , professional traders choose higher leverage, up to In any case, it is worth remembering that leverage multiplies the amount of profit, but the higher it is, the greater the losses will be in case of an unsuccessful transaction. Minimum transaction volumeIt is impossible to trade micro lots 0.

RegulationThis point is relevant regardless of which broker the trader wants to cooperate with: stock, Forex or any other. When choosing a company, you should definitely pay attention to regulations. If a broker is under the supervision of one or more regulatory authorities and has a license to provide financial services, then you can safely cooperate with him.

Regulators ensure that the broker fulfils its obligations to the client, and a license is issued only if the broker meets international or local requirements. Checking the regulation, the trader initially weeds out all the "kitchens" — the companies of scammers. It is worth paying attention to the year of the company's opening and the site: "kitchens" do not bother with the interface, make the site simple and little informative, and they exist for no more than a year.

Therefore, preference should be given to brokers who have been on the market for a long time. Liquidity providersAn important factor that will allow you to distinguish a real ECN broker from a Forex kitchen. When choosing a company for trading, it is necessary to check which liquidity providers it cooperates with.

Reliable brokers, as a rule, cooperate with global suppliers. If information about suppliers is not available on the site, and the support service responds with the message "this is confidential information", then most likely this broker has nothing to do with the ECN system. Read more: What is margin trading: pros, cons and risksSoftwareThe success of trading depends on the quality and speed of the software, or rather, the correct execution of orders.

Therefore, a trader, regardless of the type of trading strategy, should pay attention to the operation of the terminal. It is important that the program does not hang, does not crash, and does not give an error or requotes. This is especially important when choosing an ECN broker, because the ECN system is characterized by instant execution of transactions, and software problems only hinder this.

Minimum depositIt's worth starting with the fact that brokers with ECN accounts initially set a higher minimum deposit level. It is a rare case when the price of opening an ECN account is available to all users. The high threshold of the minimum deposit is one of the main reasons why it is not recommended to open such accounts for novice traders: a beginner will easily lose the entire deposit and will be left with nothing since he has no experience in trading.

Therefore, if you are a novice trader, think carefully about whether you really need an ECN Forex Broker. If yes, then choose companies in which the minimum deposit is relatively low, since the risk of losing all capital is quite high. These criteria are basic, both experienced traders and beginners can use such a checklist when choosing an ECN broker. To make it easier for traders to navigate, we have collected ECN brokers in the rating, where the minimum deposit amount and regulatory authorities of each of the companies are indicated.

Professionals should start from individual needs and wishes. When should I open an ECN account? There is no doubt about the popularity of ECN brokers: they are preferred by thousands of traders from all over the world. But let's see if such companies can really be called universal, or if there are cases when it is unprofitable to open an ECN account.

First of all, an ECN broker makes it possible to trade with liquidity providers directly. The trader does not depend on the broker, on quotes within the company or on other nuances. The broker is simply an intermediary. This means that the trader will get access to real market data. And this condition is beneficial to all traders. At the same time, ECN brokers offer a floating spread.

This condition makes trading more difficult and unpredictable because a novice trader will not be able to assess the market situation and understand when it is better to open a deal so that the commission is lower. Also, this condition is not suitable for clients who are actively investing with conservative risks, because it will not be possible to calculate the exact amount of the commission, its size is constantly changing.

Read more: I got a margin call: we explain what it is and how to avoid itDo not forget about the high-speed execution of transactions. This condition seems attractive, but in fact, it is not suitable for all traders. High speed is an important criterion when it comes to scalping. Traders with such a strategy really need to cooperate with ECN brokers, because the profitability of their work depends on the accuracy of order execution.

Novice traders simply will not be able to take advantage of ECN technology. It is necessary to take into account the instruments with which the trader works. When trading cryptocurrencies, currency pairs and other assets with high volatility, the speed of transaction execution matters. But if a trader chooses to trade instruments with medium or low volatility, then the speed of work does not play such an important role, because the price of an asset simply will not have time to change in one or two seconds.

So, if the speed of execution of transactions is important to a trader and he works with highly volatile instruments, then it is definitely worth opening an ECN account. In other cases, it is necessary to build on the trading strategy and the client's requirements for trading conditions. Is an ECN account suitable for beginners?

Novice traders and investors, when choosing the first broker, often pay attention to absolutely all criteria in order to eventually choose the best of the best. This strategy can be understood because most traders want to choose a company for long-term cooperation, but there are criteria that are not so important for beginners.

These include the availability of ECN technology. This system really has a number of advantages over dealing centers, and many novice traders are captivated by it. But it cannot be said that the presence of ECN accounts is a mandatory criterion and when choosing the first company for trading, you should pay attention only to ECN brokers.

An analogy with cars would be appropriate here: to learn how to drive, it is not necessary to buy a Lexus or a sports car. Yes, they will surpass some Opel in terms of characteristics, but their functionality is redundant for a novice driver. To get basic driving skills, it's enough to start with driving an Opel. Exactly the same principle works with ECN accounts: a novice trader can open them, but it is not necessary to do it at the very beginning when there is no experience in trading yet.

After all, a beginner, having gained experience, can always change the type of account or broker. Read more: Who are Market Makers and what are they doing on the market? Advantages of ECN technologyECN brokers appeared not so long ago, in , but over these 20 years, they have become popular both among professional market participants and among those who are just taking the first steps in trading. We can talk about the advantages of ECN brokers for a long time, but we suggest first highlighting three main advantages:Fast execution of transactions.

No requotes. Low spreads. Often these three factors are enough for a trader to pay attention to companies with ECN technology when choosing a broker. However, these are not the only reasons why it is worth choosing ECN brokers to work in the Forex market. It is equally important to understand how the broker earns. For example, the main difference between ECN companies is that their earnings consist exclusively of spreads - the commission that the trader pays for the execution of the transaction.

That is, the broker is not interested in clients "draining" their deposit. Also, ECN brokers do not participate in transactions. The company does not influence the trading process, does not set its own quotation indicators that would be beneficial to it, etc. There is no human factor in ECN technology, so customers get access to real market conditions, and the trader's transaction gets to the counterparty who currently has the most favorable quotes.

As we have already said, ECN brokers cooperate with the world's largest liquidity providers, therefore, the level of liquidity of instruments in such companies is very high. There is no option that a trader will buy an asset, and after a while will not be able to sell it.

In addition, ECN companies, as a rule, provide services at the international level and assume a large trade turnover, so you can trade with them at any time of the day. Another advantage of ECN brokers as intermediaries between the market and the trader is the absence of restrictions.

What does it mean? The ECN company is not involved in the trading process, and traders' trading strategies are not displayed in any way on the broker's earnings, so cooperation with the ECN company assumes that a trader can use any trading strategy, as well as a variety of instruments. ECN brokers often allow the use of Expert Advisors and other software to automate the workflow in trading. Separately, we need to talk about the high speed of execution of transactions.

This factor becomes key if a trader is looking for a broker for scalping. And ECN brokers in this case become unequivocal favorites, because the trader, in addition to being able to use a scalping strategy, gets the highest possible transaction processing speed and access to instruments with good liquidity indicators. Read more: Features of intraday trading on the Forex marketDisadvantages of ECN technologyWhen choosing a broker, it is important not only to pay attention to its advantages but also to know exactly what disadvantages it has.

ECN accounts are no exception, because, despite many positive aspects, they also have a number of disadvantages. These include:A high level of minimum depositECN brokers are often chosen by those traders who already have extensive experience in trading and who have built a trading strategy. They understand that ECN technology provides many advantages, and are willing to pay for them. Moreover, ECN brokers do not set the most affordable minimum deposit for traders.

Difficulties in tradingIt is not so easy to make transactions using ECN technology. In order to trade and make a profit, a trader needs to understand the principles of ECN, as well as navigate the market, be able to respond to trends and sharp price changes, take into account the news release and analyze the market situation as a whole.

Technical analysis instruments can help with this, but they will not replace your own trading experience. Therefore, novice traders are advised to choose the demo version of an ECN account in order to gain experience and not risk their money, and only then proceed to real trading.

Read more: ECN Forex account: what is it? CommissionYes, ECN brokers earn income from spreads, but they can also include a separate, fixed commission per lot in the price list. At the same time, spreads are floating, their size depends on the market, and it is impossible to calculate exactly how much you need to pay the broker for the execution of the transaction.

At the same time, it is definitely impossible to say that a floating spread is a disadvantage. Professional traders know how to use this factor for their own good and reduce the size of commissions, but it will be quite difficult for a beginner to deal with it. After all, spreads can both narrow and expand in certain market conditions. Whether to open an ECN account or not is not a rhetorical question at all.

To understand if there is a need for it, it is enough to define your trading strategy and understand what conditions are important to you in order to achieve maximum efficiency in working on the Forex market. May 18, IndexaCo. Practical advices on choosing a Forex broker for a beginner. The first task that every novice trader faces is choosing a broker.

There are many companies on the market, but not every one of them is suitable to start your way in trading. Brokers that are suitable for beginners can be determined by a number of criteria. We propose to analyze each of these criteria in order to learn once and for all how a novice trader can choose the first broker to trade on Forex. Broker selection criteria for novice tradersA novice trader should pay attention to the following criteria when choosing his first broker:reliability;deposit;types of accounts;instruments;methods of depositing and withdrawing funds;commissions;leverage;bonuses;training;support service.

Having correctly evaluated each of these criteria, any novice trader will be able to easily choose a broker. Read more: Forex risk hedging: why is it necessary? Reliability of a Forex brokerThis factor is equally important for both beginners and professionals. Choosing a broker, first of all it is worth checking whether you can trust him.

It is not difficult to do this - reliable companies have a license to provide services, they are registered and regulated by special authorities. The license can be either local issued on the territory of a particular country or international. To determine the country in which the broker is registered, it is enough to check the address of the main office: as a rule, it is in this country that the company is registered.

As for regulatory bodies, the more of them, the better for the trader. You can check the availability of a license, the registration address and the presence of regulatory authorities in the "About the company" section. Pay attention to the dates indicated in the last line: in most cases, you can use them to determine how long the broker has been providing services.

The exception is brokers who have rebranded and changed the site address, but they are rare. The longer the company exists, the more reliable it is. This information will help a novice trader distinguish time-tested companies from one-day scam brokers who receive money from clients, and then suddenly close, leaving the would-be trader with nothing.

Talking about the safety of the client's capital. In order to avoid worrying about this, we recommend choosing companies with segregated accounts. What is a segregated account? This is an account registered with a bank or other financial institution in the name of a client to which the brokerage company does not have access.

Thus, the trader can be sure that all his money will remain frozen and the broker will not use it for personal purposes. So, to choose a reliable broker, a beginner should focus on the following factors:Availability of registration and license. Which authorities regulate the broker's activities. The term of the broker's work. Does the company offer segregated accounts. If you cannot find the information you need on the broker's website, we recommend contacting the support service and requesting the data you need before opening a real trading account in the company.

Broker's minimum deposit amountThe first thing that novice traders focus on is the size of the minimum deposit. In other words, this is the minimum amount by which a trader can top up his account to start trading. The lower it is, the more accessible the broker is. By the level of the minimum deposit set in the company, it is easy to determine whether the broker is suitable for novice traders.

And this is logical - Forex trading involves risks, and the broker does not guarantee that the trader will earn and be able to "recapture" the invested funds. It is for this reason that Forex brokers for beginners set a low deposit level. Each broker sets the minimum deposit amount independently. Read more: How much can you really earn on the Forex marketTypes of Forex trading accountsBeginners turn to this criteria much less often, and in vain: after all, trading conditions, in particular, the number of available instruments, services and free functions, may depend on the type of account.

However, it is not necessary for beginners to check the trading conditions for each of the accounts offered by the broker. At the beginning of the trading path, it is worth paying attention to two types of accounts:demo account;cent account.

A demo account is a virtual account. With its help, novice traders can get their first experience in trading without risking their own money. It is worth noting that it will not be possible to make money on this account, its task is to give the trader the opportunity to practice and see the results of his actions, whether it is a virtual profit or a virtual loss. When the trader has gained his first experience on a demo account, you can move on to real trading.

In this matter, the best broker for beginners is a broker who has cent accounts. Their difference from a regular account is that the amount on deposit is calculated in cents. Accordingly, it is possible to trade on a cent account using tiny amounts, however, the amount of profit will also be small.

A cent account is also considered a training account, however, unlike a demo account, it allows you to trade in real market conditions and monitor the psychological reactions of a trader to receive a real loss and profit.

Forex trading instruments and assetsThere are enough brokers on the market that offer a huge selection of instruments, but there are also companies in which the assortment consists of only assets. Which broker is better for a beginner? Both the one and the other. The number of trading instruments is not a key criterion when choosing a company, but it is still worth paying attention to.

The fact is that a novice trader needs not only to gain experience in trading but also to understand which instrument he likes to work with the most and to assemble his own "inventory". And this can be done only if the broker offers a fairly wide range of assets. This does not mean that you should choose a broker that will offer more instruments. The question, first of all, is diversity - it is important that the company offers not only currency pairs but also, for example, stocks, indices and metals.

We advise you to focus on these criteria when choosing a broker. When trading currency, a trader buys or sells the currency that is indicated in the first pair GBP while paying the second USD and earns on the price difference. There are both standard currency pairs and exotic ones, which include non-common currencies. Cryptocurrency is an extremely popular instrument, the benchmark of which is Bitcoin.

This is an electronic currency that is not tied to any country, and you can earn it in different ways. For example, buy and sell on the same day, or buy and wait for its price to rise in order to sell the cryptocurrency more expensive. Metals - this group includes gold, silver, copper and other metals according to the standard. CFD is a more complex instrument. Its specificity is the ability to trade on the price difference. It works like this: a trader does not need to buy an asset to make money.

CFD is a contract between a trader and the owner of an asset, in which a trader can make a profit if the asset price increases from the moment of purchase, or a loss if the asset price falls. Indexes - this instrument includes several stocks, and its value is the average value of all its components. ETF is also called an exchange-traded fund. In order to earn income, a trader buys a part of a ready-made investment portfolio and receives an equal part of the income from it.

Stocks - Traders can also trade stocks of various companies. Such transactions are already carried out on the securities market, and not on Forex, and it is a little easier to predict their growth or fall. Options are the easiest instrument to understand, but they are not the most reliable.

Options trading is based on bets: in order to make money, a trader needs to bet on whether the price of the instrument will fall or rise. If the bet worked, the trader makes a profit, if not, a loss. Methods of depositing and withdrawing fundsAnother equally important factor that newcomers to the market need to take into account is the payment systems with which the broker cooperates. A wide choice of ways to deposit and withdraw earnings really allows you to avoid difficulties with transactions and choose the most convenient way.

However, payment systems are not only about a comfortable service. Much more important is the speed of crediting funds. Sometimes a trader needs to have more funds in his account to open a new deal that seems extremely profitable to him, and the only solution in such a situation will be the opportunity to make an instant deposit replenishment. And the transfer speed directly depends on the payment system. For example, transfers through banking systems can take from working days, depending on the bank, so this option should not be considered for instant transfer.

Cryptocurrency wallets also take time to process a payment, from 1 hour. But electronic payment systems allow you to top up your account in a short time. And the more electronic payment systems a broker offers, the more convenient it is for a trader. In particular, an instant transfer makes it possible to start trading immediately after opening a real account. Forex broker's trading and non-trading commissionA novice trader should also pay attention to the commission when choosing a broker.

It can be of two types: trading and non-trading. A trading commission is a fee that a broker charges for making a transaction. It is also called a spread. The spread can be either fixed or floating. A fixed spread is a clearly defined amount that the broker charges, its advantage is the ability to calculate its commission costs.

A floating spread is more suitable for professional traders since the amount of commission can either decrease significantly or increase, depending on the market situation. The non-trading commission is a fee for other actions of a trader, for example, account replenishment and withdrawal of funds, for lack of activity on the account, for account maintenance, use of the trading platform and delivery of quotes. A non-trading commission is optional, a broker may not charge traders, but all brokers have a trading commission, and the only question is its size: the lower the commission, the more profitable it is for a novice trader to cooperate with the company.

As a non-trading commission, it is taken into account whether the broker charges clients a fee for withdrawing earnings to their personal account. This commission may also be charged by the payment system, and not by the broker directly. Keep this in mind when opening an account. Read more: Demo account with a Forex broker: is it worth using? LeverageWhen describing trading conditions, brokers specify such a parameter as the amount of leverage. What is it and does a novice trader need to take this criterion into account when choosing a company?

Leverage is a function that helps traders increase the size of their deposits by using the broker's money. How does it work? The use of leverage seems to be very profitable for beginners because with its help you can increase your profit, but not everything is so simple.

Indeed, leverage can increase the income from the transaction, but it also increases the number of losses if the transaction turned out to be a failure. Brokers set different maximum leverage values: from to and more. But this does not mean that a trader necessarily needs to use such a function. When opening an account and in its settings, the user can set the desired amount of leverage.

Novice traders are recommended to set leverage of to avoid possible losses and practice trading at their own expense. We recommend checking the use of leverage on a demo account to understand how it works and not to risk your own investments. Broker's bonus programsThe broker's bonus programs are a plus for a trader with any trading experience. The bonus is usually used only for trading purposes, in rare cases, it is available for withdrawal.

The amount of the welcome bonus may vary depending on the conditions that the company sets for the bonus program. It often depends on the amount of the first deposit to the account: the higher it is, the more the trader receives bonus funds to the account. In addition, companies may offer other bonus programs. Brokers also offer an affiliate program, for participation in which you can receive additional income to your trading account.

According to the standard, a trader needs to invite new users to the company using an individual referral link. For each of the attracted traders they are also called referrals , the trader receives a financial reward. Despite the fact that bonus programs allow you to earn additional income, you should not consider them the easiest way to earn money.

None of the bonus programs will give you experience in Forex trading, and you should use them only to get additional funds to your account. Read more: Copy trading or auto trading on ForexLearning the basics of the Forex marketThe best broker for a beginner is the one that provides opportunities for learning.

It is as simple as possible to check this criterion - just look at the main page of the company. Useful information is usually found in a separate section called "Training" or "Education". Often, the FAQ section, which contains answers to frequently asked questions from traders, is no less useful for beginners.

But this information is more often related to the trading conditions and services of a particular broker, and there are no trading tips in this section. Read more: Stock market Broker: how to choose it and how to work with itSupport serviceCommunication with the support service is another criterion underestimated by beginners.

Trading conditions are undoubtedly important, but practice shows that at the stage of acquaintance with the Forex market, beginners have a lot of questions, which the customer support service helps to solve. The trader's comfort largely depends on the speed of its operation and the availability of convenient communication methods.

A call is one of the fastest ways to communicate, but when calling, it is worth considering whether the broker offers a toll-free number for communication. It is worth sending a letter to email if the question is thorough for example, related to finances and not urgent since the answer to the email can come both within 15 minutes and within a day. Online chat is the fastest and most convenient way to solve any issue. The average response time in an online chat is no more than 10 minutes.

The feedback form, as well as an email, takes time and is not suitable for solving urgent issues. The callback function allows you not to spend money to call the company. Instead, the trader needs to leave a request, and the support service will contact the client itself. In addition to the speed of response, it is also worth paying attention to the professionalism and level of service of the broker's employees.

This factor makes it possible to distinguish a reliable company from scammers, since proven brokers offer assistance in solving any questions, and the answers of the support service are correct and aimed at solving the problem. While short and not informative answers often indicate that the broker is not interested in a long-term cooperation.

Read more: Forex broker: how to choose a good brokerExpert opinion: what else to pay attention to when choosing the first brokerOf course, reviews play an important role in choosing a company: the more positive reviews about a broker, the higher the probability that he can be trusted. At the same time, companies with a small audience should be avoided if possible.

Before opening an account with any broker, it is also important to carefully read the user agreement: it specifies how the broker solves disputes with clients. It is important to know this so that, if necessary, the trader can protect his rights. Pay attention to the broker's website: the more specific information is indicated there, the more reliable the company is.

The lack of important information is the first alarm call that it is better to bypass this broker. Currencies are perfectly combined, complement and compensate each other: the franc gives the pair stability, predictability and pliability to any type of analysis both technical and fundamental work well , while the New Zealand adds volatility.

Despite the absence of the US dollar, it still implicitly participates in the auction, since the conversion of one currency into another does not go directly, but through it. The course is displayed as standard up to 4 characters after the separator 0. Opening the long-term chart, you can see that in general, the price moves up and down with some frequency and a large amplitude in the range from about 0.

The currency pair is flat most of the time and only occasionally there are strong bursts of activity up or down, as a result of which the price quickly passes hundreds of points, and then, as a rule, also quickly returns back. This pair is not characterized by long trends that continue for many years in one direction. The overall volatility of the pair varies greatly from time to time, in some periods it becomes very active and overcomes pips per day, in others it fluctuates very slightly, falling short of a hundred.

If we look at the intraday dynamics by the clock, it will be from to GMT in the Pacific session and at its overlap with the start of trading in Tokyo, Hong Kong and Singapore, as well as from to GMT in the European session, and especially from to GMT at the overlap with the American. Despite the fact that this is a cross-pair, the presence of a "Swiss" makes it quite predictable, stable and well amenable to fundamental analysis, which greatly facilitates the preparation of a forecast.

The dynamics of the pair is well predicted on both medium-term and short-term charts, despite the fact that during the trading day it may change direction 2 or even 3 times. Low liquidity forces brokers to set decent spreads on this financial instrument about points , which, coupled with not too high volatility, makes scalping on this pair unprofitable and difficult. It is much more profitable to keep positions open for several days or even weeks, which, with a passing trend movement, allows you to earn more on swaps.

Due to the fact that the pair is not widespread, it will not be easy to find ready-made analytics, but it is possible, for example, in thematic sections on trading forums. However, the undoubted advantage of this pair is its relative predictability and the ability even for an inexperienced trader, after a little research of the available data and the most important factors, to make his own forecast accurately enough.

New Zealand is a small island nation to the southeast of Australia, living by exporting services, oil, agricultural products and international tourism. Located in a mountainous area, it is surrounded on all sides by the European Union, but, nevertheless, it is not part of it itself. The country is divided into administrative units — cantons 20 and semi-cantons 6 , and has several official languages at once French, German, Italian, Retro-Romansh. By sector, the Swiss economy looks like this:Services account for about International investments play a crucial role for the Swiss economy, and tourism plays an important role.

Of the factors most affecting the dynamics of the New Zealand dollar against the Swiss Franc, it is necessary to highlight:the world price of gold;oil prices;trade balance of New Zealand and to a lesser extent Switzerland ;economic indicators of both countries, as well as the European Union, the USA and Australia;the volume of investments in the Swiss economy;Central Bank rates;change in the inflation rate;prices for agricultural products;weather and climatic conditions in the area of New Zealand to a lesser extent, but also relevant for Switzerland.

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