Forex Jokes

October 3, 2019 by Fxigor

In this post I put several short jokes that I like related to forex jokes, trading jokes and broker jokes, stock trading jokes.
I hope you will like it.

How do you find a good small-cap fund manager? Find a good large-cap fund manager, and wait.

It was so cold today I saw a stockbroker with his hands in his own pockets.

What’s the difference between buying a lottery ticket and buying a penny stock? In the first case, you help finance your local community swimming pool. In the second case, you help finance the stock promoters home pool.

A long term investment is a short term investment that failed

A stockbroker is someone who invests your money till it’s all gone!

A market analyst is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today!

Q: Why did God create stock analysts ?
A: In order to make weather forecasters look good.

There’s a surgeon, an architect and an economist. The surgeon said, ‘Look, we’re the most important. God’s a surgeon because the very first thing God did was to extract Eve from Adam’s rib.’ The architect said, ‘No, wait a minute, God is an architect. God made the world in seven days out of chaos.’ The economist smiled, ‘And who made the chaos?’

Always borrow money from a pessimist, he doesn’t expect to be paid back.

“Don’t stay in bed, unless you can make money in bed.” – George Burns

From a trader: “This is worse than a divorce. I’ve lost half my net worth and I still have a wife.”

My sister fell in love at second sight. When she first met him she didn’t know how rich he was.

The market may be bad, but I slept like a baby last night. I woke up every hour and cried.

Why has astrology been invented? So that economy could be an accurate science.

Stockbroker: What is a million years like to you?
God: Like one second.
Stockbroker: What is a million dollars like to you?
God: Like one penny.
Stockbroker: Can I have a penny?
God: Just a second …

What is Difference Between Direct And Indirect Income and Examples

by Fxigor

In this article we will talk about finance terms “Direct and indirect income” and see direct and indirect income list examples.

Introduction

The main aim of starting a business is to make profits. Profits are classified under the broader category of revenues or incomes. Income refers to all the money that a business receives as a result of directly offering its products and services, or through other means that are not connected to the day-to-day operations of a business. This explains why the word income is often used interchangeably with profits.

In order to calculate the total income/net income your business realizes, you would need to determine the total revenues and total expenses. Then, you subtract total expenses from total revenues. A positive figure means the business has made profits while a negative figure denotes losses.

Types Of Income – direct and indirect income and expenses

Business incomes are divided into two broader categories namely direct income and indirect income.

Direct income refers to the income that a business earns through activities that are directly related to the day-to-day operations of the business. On the other hand, indirect income is the revenue that a business generates through channels that are not directly related to its day-to-day operations.

If you run a coffee shop, you probably have a manager, employees and suppliers. The profits you get directly from the sale of coffee, snacks and other beverages in such a store constitutes direct income. Therefore, direct income can be termed active income generated by a business. This explains why any shrewd businessperson will easily tell when there are drastic changes in their direct income patterns. For instance, if your coffee shop generates around $800 per month worth of direct income, and this figure happens to drop to $400 in a given month, you will automatically know something is amiss.

Therefore, direct expenses are easy to track because the entire business depends on them. If your coffee shop was to register a loss in a given month, you would adopt all manner of drastic measures to bring it back to profit-making. This is because if direct income is not well-tracked, your business could easily collapse. And remember, whether your business performs well or dismally, you would still need to pay rent, pay your employees, suppliers as well as renew all municipality licenses. In essence, direct incomes are very important for the existence of a business, so much that a little lapse could cause the business to head south.

What is indirect income ?

Now, on the same coffee shop, you probably have newspapers, old cutlery you no longer use, bottles and cans etc. You may decide to keep them or dispose of them. Usually, many businesses would not worry about disposing of old newspapers until they have made heaps in their offices and are consuming space unduly. Of course, a businessman will not just discard them. Instead, he will assess their value and then put them up for sale. The kind of revenue generated this way is what constitutes indirect incomes.

Evidently, indirect income is not something your business needs to operate. You can consider it an extra stream of cash, or better yet, passive income. However, indirect income has a way of salvaging a business that is in dire straits. For instance, it would be unreasonable to sit back and watch your business make losses when you have a whole carton of cutlery you don’t use, or an old delivery cart that is just lying around.

How To Calculate Direct and Indirect Income

In order to determine your direct income, you need to know about all the elements that constitute expenses. Expenses can be very broad and if not tracked, you might be losing so much money through loopholes that you could easily have avoided. If you are a coffees shop owner, the biggest expenses you probably incur include the purchase and maintenance of equipment such as coffee makers, coffee grinders, Espresso machines, refrigerators, ovens, toasters and other relevant utensils. And even if you already have these in place, there are beverage supplies you will need to pay for from time to time, as well as pay your employees and renew all municipality licenses. Expenses can be very diverse but when it comes to revenue, the channels may be fewer. So, after determining your total expenses, you expect to realize profits out of the sales made on coffee drinks and snacks. The difference between sales made and expenses incurred over a given period of time is what constitutes your direct income. If the difference is positive, then you have made profits and if the difference is negative, that means you made losses. When it comes to indirect income, the formula is more or less the same. However, the difference is the fact that there are probably fewer expenditures. This is for the simple reason that that very expenditure might have already been factored in somewhere when calculating your direct income.

For instance, if you buy a newspaper today and sell it 2 years later as part of a bundle, the initial expenses incurred in purchasing the newspaper must have already been considered at an earlier date when determining your direct income. So, normally, indirect incomes do not involve lots of lengthy computations. Usually, there is only the transportation cost depending on where you are planning to locate the buyer.

Direct and indirect income list

Direct income list
Income from selling products (business)
Income from business services

Indirect income list
Sale of old newspapers (non business)
Sale of carton boxes (non business)
Sale of old bottles (non business)
Sale of any Fixed Asset (non business)

Direct and indirect expenses list

Here below are lists (just example) of direct and indirect expenses.

Direct expenses list
CARRIAGE INWARD
FUEL, HEATING LIGHTING
CARRIGE ON PURCHASE
GREASE
CARRIAGE
GAS,WATER&OIL
CUSTOM DUTY OF IMPORT
MANUFACTURE
DOCK CHARGE(INWARD) EXPENSES
FACTORY DUTY
MOTIVE POWER,COAL
FACTORY EXPENSES
FREIGHT INWARD
WAGES
WAGES SALARY

Indirect expenses list

Facility rent
Facility insurance
Salaried compensation
Secretarial wages
Depreciation and amortization
Research and development
Advertisement Audit fees
Distributive expenses
Entertainment expenses
Establishment expenses
General expenses
Hospital charges
Insurance Interest on capital Interest
Legal charges & law fess
License fess
Office expenses
Office lighting Packing expenses
Postage & telegram Provision
Rent Repair & renewals
Salary Stable expenses
Telephone expenses
Traveling expenses

Why Should I Care About Both Incomes?

We have already determined that every business owner should keep track of their direct incomes. In fact, this comes naturally. However, not very many entrepreneurs are so successful when it comes to tracking their indirect incomes. This does not mean you shouldn’t. Indirect incomes are just as significant to the operations of your business as direct incomes are. First, it is a way of gaining full value for your money. Though you will often sell the asset at a relatively lower price than the initial purchase price, it is way better than tucking it into the trash. Also, putting up old assets for sale is a way of proving to your employees that you are in charge of your company’s inventory. No business is immune to pilferage, and as you know, employees will often target the least-utilized stuff. But when they occasionally see you selling them, [or just moving them], they will resist all temptations to pilfer.

Also, as we mentioned earlier, indirect incomes can really salvage your business. The revenue earned will come in handy when you are deep in debt or have outstanding payments.

Lastly, it is important to remember that indirect income needs not only be proceeds from the sale of old assets. There are other areas as well, such as offering consultancy services in your line of work and charging for it, starting and monetizing a blog about your company or industry, etc.

Conclusion

And there goes our detailed analysis of direct and indirect income. We hope you will find it useful, especially if you are a startup struggling with keeping tabs of your incomes, expenses and assets.

Collective2 vs Zulutrade Social Forex Trading

by Fxigor

In this article we will try to compare two most important Social Forex trading platforms – Collective2 vs Zulutrade. Few years ago we wrote text about Zulutrade platform but now we need to compare with Collective2.

Before we analyze in detail this two platforms, see main facts :

And Collective2 and Zulutrade connect broker’s account with managers accounts and offers signals to traders (investors).
Zulutrade is free. They charge using spreads in brokerage account.
Collective2 costs around $100 (standard) flat monthly fee.
Most users on Zulutrade trade Forex and at Collective2 trade stocks, futures, forex.
Using Zulutrade trader can receive unlimited number of signal providers but using Collective2 only few.
Collective2 traders have average draw down below 10%. Zulutrade providers have huge draw down and do not care enough about money management.

Collective2 automated trading platform: is it reliable and scam-free?

Collective2 Social Forex Trading Signals Platform

Are you searching for a seamless and scam-free automated trading platform? If yes, then Collective2 can be a good recommendation for the traders like you! Needless to mention, it’s quite a reputed platform that has more than 19,000 active traders and the platform claims to use around 58,000 different strategies. Please note that this automated trading platform was launched in the year of 2001. The founder of Collective2 or C2 platform is none other than Matthew Klein who is quite famous and eminent in the arena of retail algorithmic trading space.

Also note, this platform works on the very same principle as other available social investment networks like ZuluTrade and etoro. As a trader, you will be asked to select and follow a system developer. Next, you need to allocate portions of your capitals that will be simply the copy/mirror trades of that developer. It’s up to you how much amount of money you decide to trade for mirroring. Based on your allocated traded amount and mirror trade value of the system operator, your final profit/gain will be calculated.

Understand the broker model of Collective2

Opening a trading account with C2 is an extremely simple and hassle-free process. It can be opened via C2’s broker partners. For example, C2 has partnerships with a wide majority of well-known broker partners like FXCM and NinjaTrader. Depending on the scheme of these broker partners, you may be offered lucrative incentives from time to time. But, please keep in mind that these incentives are solely provided by the broker partners. The C2 platform itself doesn’t offer any incentives to the clients for opening the trading accounts.

Rules and fees

C2 is nothing but an investment social network that’s loaded with plenty of automated and algorithmic trading strategies. The platform supports trading in Forex, stocks, and futures. It mainly focuses on the market of UK, US, and Asia.

To ensure adequate gain and profit, it’s absolutely important to pick and follow the right auto trading strategy. Your trade performance will be solely dependent on it.

As a subscriber, you need to first create a trading account with Collective2. Upon successful account creation, you can browse and search for profitable auto trading strategies. There isn’t a fee for opening an account with Collective2 or browsing through their trading strategies. However, once you’ve successfully found a right trading strategy and you are keen to follow that auto trading system, then a monthly charge of £75 will be deducted. Likewise, system operators who want to list their trading strategies for the subscribers to follow, they are also needed to pay the listing fee. The recommended minimum account deposit amount for Collective2 is £10,000.

Are there a mobile trading option for Collective2?

As of now, Collective2’s mobile app isn’t ready yet. However, the platform claims to launch its mobile trading app soon for the users.

Help and support

You can contact the company by dialing the helpline number i.e. 001 914 610 3979. Also, there’s an email id where you can email your concerns/queries to the customer support team i.e. help@collective2.com.

Zulutrade Review

Zulutrade is one of the ways you can achieve automated trading. It allows you to learn and implement skills used by experienced Forex traders. Additionally, you will be able to share and leave feedback. It allows you to copy the trades of the best traders which was the initial idea of Leon and Kosta in 2007. Within two years Zulutrade had gained popularity and people were able to mint money out of it. In 2014 the developers saw it fit to make some improvements in their website and introduce new features.By then it had 120 employees which were a good start. Additionally, they entered into a significant partnership with Spot option.In 2015 the company had become respected and legitimate. Read on this review and learn more.

Minimum Initial Deposit

Zulu trade offers you one of the lowest deposits.The minimum amount you can deposit is $1.It is convenient if you are a newbie right? Furthermore, you can sign up for free and acquaint yourself with their Demo simulation account. Gradually, you can make higher deposits once you are confident enough with using the platform.

Spreads And Commission

When you trade using the platform you will get to realize there is a normal spread which you will be charged though it can also be low when using Zulu trade brokers. However, some other brokers might charge you a commission for every trade that you make using the platform.

Buying and selling price differ between the traders especially during the period when there is high volatility. Time and the pair of currency can also influence this difference.

Leverage

Leverage can increase your earnings but you need to be careful if you haven’t mastered it well. This is because you might incur greater losses. Don’t be too hasty to use higher leverages because you are exposing yourself to greater risk. I would recommend that you use a leverage of 1:100 to be on the safe side.

Other Trading Fees

You might be asking yourself if you might incur additional fees when using Zulu Trade? Well, intraday traders are not charged but you can be charged for a swap fee or overnight rollover.

Trading Platform

How It Works

Zulutrade allows you to copy strategies of top-rated traders to your advantage. Besides the currently trade in Binary options, Forex, stocks and other commodities like oil.

Well, normally the user interface is divided into two; signal providers and followers. The followers can copy the strategies of signal providers of which their compensation is determined by how successful is their trading strategies.

Features

-lock trade-Once you receive a signal this feature allows you to verify your trading.

-calendar-It allows you to be updated with all key events in the financial market worldwide.

-Zuluguard-It is a protective feature that shields copy traders from risks that can result from malicious trades from those traders whom they are following.

-Automator-It gives you notifications through your email based on your customized rules.

-Social network features-this is a section where you can give your reviews or view feedback from other users.

-Margin call-o-meter-This gives an estimation on chances of your account running out of money.

-Cryptocurrency-It allows traders to make predictions on the cryptos

-Zuluscripts- It is an automation feature that allows you to create scripts which will enable you to execute more than one trade.

Well if you require a signal provider you can use Zulu rank calculation which is based on the age of signal provider, sharp ratio, trade activity, frequency of trader logs.

Zulu Trade Vs Competitors

Zulu trade has a lot more to offer than other systems. It allows you to receive margin calls notification for simulated trades. Besides, you have access to many traders worldwide which gives you a variety of options to copy from. It also allows you to assign a certain amount of money to signal trader that you want to follow up has been made easier since you can check your account performance any other time.

Mobile Apps

Zulutrade accommodated Android,iPhone and Windows apps. You can download from any version of the operating system and you are good to check for your account performance, look out for traders to copy or even close your trades.

Methods Of Payment

Methods of payment usually vary depending on your broker. Some of these methods include Zulu trade MasterCard, PayPal, and Bankwire transfer.

ZuluTrade Accounts

When you are fully set to open an account you will be presented with two options to choose from:

-Classic- If you are a pro this is for you. You will get access to voluminous commissions and customized trading.

-Profit sharing-This is suitable for newbies who are still learning by copying others to make their Trading.

Demo Account

When you visit Zulu trade page you can access demo account. All you need to do is to enter the required details and you are set to start learning from the advanced traders. When you have grasped adequate trading skills you can choose to open a live account.

How To Become A Signal Provider

Well everyone yearns to become a signal provider because if you are having a good number of followers you will be earnings significant commission. Therefore you can become one by using the following tips:-

1. Set up a good portfolio and explain your strategy

2. Trade with a live account

3. Be quick when responding to feedback about your strategy

4. Meet any necessary criteria

Additional Features

You can enjoy additional features on Zulu trade. This include profit calculator, margin calculator, economic calculator and you have access to news.

Safety and Security

Zuluguard is the ultimate protection feature that will protect you from erratic traders. It monitors trading behavior and if possible it removes any misbehaving trader to secure your income.

Regulation And Licence

Zulu trade is fully licensed and it complies with the EU. You can enjoy auto trading with minimal risks.

Benefits

The following are its benefits

1. It’s free

2. Variety of brokers to choose from

3. Many traders to copy and follow

4. Lower fees

5. Positive reviews from Forex

6. Ability to comment of signal provider page directly

Drawbacks

The following are the drawbacks

1. Signal providers may not be using live account hence you are at risk to lose your money

2. Signal providers are not vetted

3. Beginners have a Challenger in money management

Trading Hours

Trading is only limited to ZuluTrade trading hours. This runs from Sunday 22:00 UTC-Friday 22:00 UTC.

Contact And Customer Support

They have reliable customer support that is willing to attend to your issues at any time of the day. Their phone number can support up to 10 countries but you can still visit their website and file your claim.

Zulu Trade Verdict

This is a reliable company that is receiving massive traders worldwide. You don’t need external brokers to use the system because they offer brokerage services. It is user-friendly and you can take your time from coping others until you are fully set to begin trading.

The final verdict:

The main mission for Collective2 and Zulutrade is creating an automated trading platform for the users. In this comparison Collective2 vs Zulutrade, we saw good and bad things. My personal opinion that if you are forex trader and you need signal you can find few interesting on Zulutrade for free. IF you are stocks or futures trader – try Collective2. My recommendation is to always see what is average monthly return and what is max draw down and than to figure out is some system is suitable or not for you.

MT4 Close All Button

September 28, 2019 by Fxigor

MQL4 Close All Orders – Why You Must Have One

Important notice : Please use SCRIPTS instead Expert advisors when you want to close all orders. Close all EA is not good idea. Better idea is to use Close all scripts. Download below…

Most traders start with a basic strategy. In most cases, a basic strategy would entail entering one position. As one increases his or her trading knowledge, skill, and experience, it is normal for a trader to enter multiple positions for a variety of reasons. Closing a single trade is effortless. However, if you have multiple positions, then closing them can be a time-consuming task. And, time is something you don’t want to waste when prices are moving in fractions of a second.

This is where a “panic button” becomes very useful. In this case, the panic button is termed as MQL4 Close All Orders. In this article, you’ll learn more about Close All Orders, and why you must have one.

MQL4 Close All Orders – What Is It?

An MQL4 Close All Orders is a simple script that once you run it, it will close all your positions immediately. It’s a simple tool, but its usefulness is essential, especially if you are running multiple positions.

Let’s take one example. You’re running five positions at once. Then, for some reason, the price suddenly became volatile, and its behaving erratically and beyond the confines of your expectation. Most professionals will tell you that when you have entirely no idea what the price is doing, it is better to get out. Since you are a smart trader, you follow the advice.

You click your every position and hit close. However, on the third position that you are about to close, the price suddenly spikes out of nowhere. Then in a fraction of a second, you are miles away from the price point you want to close your positions. It’s good if the price spiked into your favor. But what if it didn’t? Are you willing to take that chance that it will always go your way? Are you willing to base your strategy based on luck? If you are a smart trader, then your answer should be a big “NO.”

Alternatively, you can use an MQL4 Close All Orders. In one click of a button, all of your positions get closed. The chances of price running away from you become very slim. There are also other instances that you’d want to have this “panic button” at all times.

It could be that there’s unexpected news that is coming out, and you don’t want to take the risk if the price goes with or against you. You just run the script, and you’re good.

Another instance is when you are trying to execute a multiple profit-taking strategy. During normal price behavior, you plan to exit manually, depending on what triggers you may have. However, the price suddenly spiked in your favor and you know that if you execute your usual profit-taking strategy, you will be leaving money on the table. Hence, hit that Close All Orders script and secure all the profits of your positions almost instantly.

Download Close ALL MT4 indicator

Script 1 :
Close all script if you drop on pair window will close all pending orders of that pair, else will close all.
Install this script in SCRIPT directory : Close All positions

Script 2 :
Close only buy trades script.
Close BUY trades

Script 3 :
Close only sell trades script.
Close SELL Trades

Script 4 :
Close all pending trades script.
Close Pending Trades

Conclusion

At the very least, MQL4 Close All Orders makes it convenient for you to close all of your positions in a single click of a button or certain trigger. At the worst case, it can be your “panic button.” And when it comes to panic buttons, it’s better to have one when you need it versus needing it, and you don’t have one.

Download MACD Indicator with Two Lines for MT4

September 28, 2019 by Fxigor

MACD Indicator MT4 With Two Lines- Understanding And How To Trade

As you know, MACD indicator in Metatrader has only histogram and one line instead two lines as we can see in theory. In this article we will offer you to download MACD indicator with two lines and we will talk about this indicator (Please download macd indicator mt4 two lines : macd mt4 2 lines download indicator)

The world of trading has grown exponentially with the advent of the internet and online trading platforms. Nowadays, there are a dizzying amount of indicators, and yet MACD is still one of the popular among experienced traders. In this article, you will learn what the MACD indicator is all about, and how you can trade it or incorporate it into your current trading strategy.

What Is The MACD Indicator

MACD stands for Moving Average Convergence Divergence. It’s generally considered as an indicator belonging to the oscillator family, and it’s been around before the boom of online trading. In fact, this indicator was developed by Gerald Appel during the 1970s.

When you first look at the MACD indicator, it can be confusing. This is understandable as it is usually presented in another window with bars and two lines. Before you can trade the MACD, you will need to learn what those lines and bars represent.

The bars and lines that you see in the MACD indicator are derived from its numerical settings. The “standard” setting is 12,26,9. These numbers are derived from the old days in which trading sessions was six days a week. And, the standard MACD settings represented price movements of one and a half, two and four weeks. These days, typical trading sessions is now five days a week. Hence, it’s possible to adjust the “standard” setting to adapt it to today’s trading environment. And yet, its also possible to use the “standard” settings as its what’s most commonly used by traders, and that’s is usually a good thing in trading. From these settings, the MACD indicator mt4 with two lines and bars are then produced.

First, put your focus on the two lines that typically oscillate within the confines of the indicator window. MACD is basically an EMA with a twist. Plenty of traders use two EMA’s as part of their trading. Usually, there’s the fast one and the slow one. Using two EMA’s aims to identify the overall trend better or it may even signal an entry or exit.

The MACD builts upon this concept as it still incorporates a slow and fast line. However, it has a unique twist. Do you remember the setting mentioned above (12,26,9)? Well, the fast line is produced by subtracting the 26 EMA with the 12 EMA. For the slow line, it merely uses the value of the 9 EMA.

To produce the bars, take note of the 9 EMA, which is considered as the slow line. Next, observe how the fast line goes up and down the slow line. Imagine that you stretch the 9 EMA into a straight line, and while doing so, the fast line will also ‘contort’ along with it. Then represent that contorted line in forms of bars, and that’s how you get the iconic MACD bars, or also known as histograms. Now that you understand how the MACD is produced, you have a better way of understanding how to trade with it.

Trading With MACD Indicator MT4 With Two Lines

Please download macd indicator mt4 two lines : macd mt4 2 lines download indicator

This indicator is created by Metaquotes and it is basic trading indicator.

This version has nice colors. You can edit in input :

Keep in mind that at the end of the day, the MACD is not a magic bullet. It is just a tool that will help you with your trading. This means that how you use this tool is up to you, and there is no right or wrong way of using this indicator. However, this article will show you basic ways of trading the two MACD lines and other strategies.

What you do is to use the fast and slow line crossovers as a signal for entries and exits. For example, if you want to go long, you wait for the fast line to come from below, crossover to the top of the slow line and enter a “buy” position. To exit, wait for the fast line to crossover towards the bottom side. This is perhaps the most basic way of trading the MACD, but here’s the thing.

Another useful attribute of the MACD indicator is its ability to gauge the momentum of the price, which is the reason why this indicator is common among momentum traders. To have a better idea of the price momentum, you’d want to refer to the MACD bars.

The longer the bar, the more momentum the price has. What’s neat about this is that you can compare the current bar’s momentum and refer it to the previous bar or bars for easily eyeballing momentum strength or weakness. For example, if the current bar is longer the than the previous bar and the previous bar is longer than the one the precedes it, then you can say that the price is gaining momentum. This indicates that this momentum trend is likely to continue until it shows signs of weakness. If the opposite happens and the bar gets shorter and shorter, then you can say the price momentum is getting weaker. But the MACD indicator has another attribute that sets it apart from other indicators, and that’s the divergence and convergence.

The easy way of understanding convergence and divergence is by referring to the price trend and the histogram. For example, the price swing high of the short-term trend is going higher and higher. However, if you look at the peaks of the histogram, it’s going lower and lower. This is what is called a divergence.

On the other hand, if the price swing lows of the short-term trend are going lower and lower, but the troughs of the histogram are going higher and higher, then this is described as convergence.

The appearance of divergence and convergence may be a signal that a possible trend change is coming. Thus, you may want to make positions that is a counter to the current short term trend. Entering a position before a price move is usually considered as a “leading” strategy, as opposed to a “lagging” strategy.

Wrapping It All Up

The MACD is an indicator that can trace its roots back before computers and online trading became popular. You can say that its a useful tool as it stood the test of time. The beauty of the MACD indicator is that it can be used as a “lagging” indicator and a “leading” indicator. Such an attribute is what sets it apart from most of the technical indicators out there.