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Easter Trading Hours 2021.

by Fxigor

Trading hours over Easter

As we know, Easter Monday is the day after Easter Sunday and is a public holiday in a lot of countries.

Forex market hours Easter

Forex trading hours over Easter will be unchanged in 2021. The forex market will be opened during Good Friday, April 2, and Easter Monday as usual. However, during the Easter holiday, liquidity will be low, and it is possible to see unpredicted changes in volatility.

Forex market trading hours on Good Friday will not change, but some brokers can close MT4 platforms a few hours earlier because of holidays. But what will happen with the US stocks market?

Is the stock market open on Easter Monday?
On Easter Monday, the US stocks market has normal trading hours in 2021. However, Good Friday is a US public holiday, and the stock exchange market is closed.

2021 Easter Monday Trading Hours for major stocks markets:

Stocks marketsWednesdayGood FridayMonday
Stocks & ETFs (US)Normal HoursClosedNormal Hours
Stocks & ETFs (EU)Norway Closes 15:00ClosedClosed
Stocks & ETFs (Australia)Normal HoursClosedClosed
Stocks & ETFs (Japan)Normal HoursNormal HoursNormal Hours


Stocks market in Europe and Australia will be closed during Good Friday and Easter Monday, while the Japanese stock market has normal trading hours during the Easter holiday.

What will happen with the CFD market during Easter?
The forex market and the cryptocurrency market will be unchanged. But, some trading assets will not be available for trading during the Easter holiday. Each broker has different rules but here are trading hours during Easter for some CFDs:

CFD InstrumentsGood FridayMonday
EURRUB, USDRUBClosedNormal Hours
[AEX25]ClosedClosed
[ASX200]ClosedClosed
[CAC40]ClosedClosed
[Canada60]ClosedClosed
[DAX30]ClosedClosed;
[DJI30]ClosedNormal Hours
[FTSE100]ClosedClosed;
[HSCEI50]ClosedClosed
[HSI50]ClosedClosed
[IBEX35]ClosedClosed
[JP225]ClosedNormal Hours
[MDAX50]ClosedClosed
[NQ100]ClosedNormal Hours
[OBX25]ClosedClosed
[SMI20]ClosedClosed
[SouthAfrica40]ClosedClosed
[SP500]ClosedNormal Hours
[STOXX50]ClosedClosed
[TECDAX30]ClosedClosed
ARABICAClosedOpens 14:30
ARABICAClosedOpens 14:30
AUS200ClosedClosed
BRENTClosedNormal Hours
BundClosedClosed
Canada60ClosedClosed
China50ClosedNormal Hours
COCOAClosedOpens 14:30
COCOAClosedOpens 14:30
COPPERClosedNormal Hours
COTTONClosedNormal Hours
COTTONClosedNormal Hours
CrudeOilUKClosedNormal Hours
CrudeOilUSClosedNormal Hours
CryptocurrencyNormal HoursNormal Hours
DUTCH25ClosedClosed
ESClosedNormal Hours
EURO50ClosedClosed
FRANCE40ClosedClosed
Futures CFDs
GER30ClosedClosed;
HK50ClosedClosed
HSCEI50ClosedClosed
India50ClosedNormal Hours
MetalsClosedNormal Hours
MidCapGER60ClosedClosed
NGASClosedNormal Hours
NORWAY25ClosedClosed
ORANGE.JUICEClosedNormal Hours
ORANGE.JUICEClosedNormal Hours
ROBUSTAClosedClosed
ROBUSTAClosedClosed
Singapore25ClosedNormal Hours
SouthAfrica40ClosedClosed
SPAIN35ClosedClosed
Stock & ETF CFDs (EU)ClosedClosed
Stock & ETF CFDs (US)ClosedNormal Hours
Stock CFDs (Australia)ClosedClosed
Stock CFDs (Japan)Normal HoursNormal Hours
STXE600ClosedClosed
SUGAR.RAWClosedOpens 14:30
SUGAR.RAWClosedOpens 14:30
SUGAR.WHITEClosedClosed
SUGAR.WHITEClosedClosed
Taiwan50ClosedNormal Hours
UK100ClosedClosed
USDXClosedNormal Hours
USNASDAQ100ClosedNormal Hours
USTNoteClosedNormal Hours
VolatilityClosedNormal Hours
WTIClosedNormal Hours
XAUClosedNormal Hours
YMClosedNormal Hours

Filed Under: FAQ

What is Triple Divergence?

by Fxigor

As we know, divergence represents a chart pattern when an asset’s price moves in the opposite direction of an oscillator.

Most traders use indicators to know more about the divergences as they tell you about the possible trends and their strength and possible reversals. Most indicators highlight divergences with the help of peaks and troughs. These are created on the price charts along with a series of similar highs and lows. You can expect a possible reversal when the indicator is unable to imitate the price chart pattern. It also indicates that the trend might be weak.

If there is an uptrend, and the price reaches a new high, the indicator cannot do so; the divergence is bearish. If there is a downtrend and the price reaches a new low, but the indicator cannot do so, the divergence is bullish.

However,  except for bullish and bearish divergence, there is one more – triple divergence.

 

What is a triple divergence?

Triple divergence represents a false divergence signal when the price makes a new and higher high (during an uptrend) or a lower low (during a downtrend ). Still,  the direction does not reverse after three attempts.

For example, a triple bearish divergence has three times in a row false bearish reversal:

triple divergence bearish

 

Triple divergence should not be considered when the trend is fragile, and when:

  • When the price and indicator, respectively, make an equal High and a lower High.
  • When the price and the indicator make an equal Low and a Higher Low.
  • When both the price and the indicator make an equal High
  • When both the price and the indicator make an equal Low
  • The difference in the height of peaks and troughs is almost negligible.

 

Conclusion

All these trading signals are important and work differently when it comes to creating trading strategies. Different traders use different indicators. Do keep in mind that using a single indicator can cause more harm than good. It is better to use at least three complementary indicators at one.

Filed Under: FAQ

How to Get Funded as a Forex Trader?

by Fxigor

Individual forex fund managers (traders) can find investors in direct contact, using the broker’s PAMM or MAM accounts, or they can apply to the forex remote trading program. Fundraising is very slow for individual traders, and starting capital is usually less than $100K.

Get Funded in Direct contact
If you have at least a 3-year trading portfolio and trading results, you can contact the prop company or sometimes the institutional company and ask for funds. Many prop companies have pages where they invite new traders to join them as remote traders.
You can find these companies using a google search engine or “remote traders” job opportunities on job-seeking portals.

Get Funded using the PAMM and MAM accounts.
As an individual trader, you can deposit your own money and trade a live trading account. The PAMM or Percentage Allocation Management Module is a trading platform that administrates a simultaneously unlimited quantity of managed accounts where investors and traders use the same broker.

Other people can invest money in your portfolio, and you will keep 30% of the profit. The best thing is that when you manage a huge portfolio, your profits are much, much bigger. For example, some brokers like my broker have more than a million clients. Hotforex PAMM account offers a lot of potential clients. So the broker is doing money collecting, payments, managing platform, set rules, etc. – and traders only need to trade. This can be an excellent opportunity.

 

There is a criticism of this approach because of the low-profit percentage for traders. Prop companies can offer 50% to 80% profit to the trader instead of 30%-35% the PAMM system can offer.

Get funds from Forex Remote Trading Program.

The principle is simple. Trader deposits $500 or $1000 or any other capital and gets 20 times more money to manage. If the portfolio goes down 5% or more, the initial stake contract will stop, and the fund manager and prop company will split profit and cancel cooperation.

Some companies offer special trading funding programs where traders will pay for training or the competition’s first round. Traders need to invest only the first time, and after that, the prop company risks their own money.

The5%ers or Maverick Trading or T3 Trading are examples of this.

Their funded program offers a total of several types of entry-level accounts. The profit share is set at 50%, and the growth target is set at 10%. The company claims traders will not risk capital when entering the Forex market.

In the beginning, traders trade with 10, K capital or 50K, and then after each couple of months, traders will double capital if trading profit is reached to 10%-15%.

Traders need to understand that prop companies have risk when they invest in some individual trader account. So splitting the risk is the best option.

Using your own capital, you can “buy the seat” in some prop trading firm.

Filed Under: FAQ

How Profitable is Forex Trading ?

by Fxigor

In this article, we will discuss forex trading profitability.

How Profitable is Forex Trading?

Forex trading is not a highly profitable business for retail traders based on all major brokers’ reports because  70%-95% of all retail traders lose money in trading every year. Retail traders making either risk too much, either over trade or create small profits on several positions but then holding on to a losing trade for too long, losing more than the initial investment. However, institutional traders and traders from prop companies generate profits trading currencies and managing large portfolios. The best forex trader in prop companies can profit from 20%-25% with less than 5% maximum drawdown.

Based on ROI, forex trading is not a highly profitable business too. If traders risk less than 1% of the portfolio at the end of the successful year, profit can be 20%-25% on average. Many other professions offer better ROI (Return on investment).
What is good return on investment

Above, we can see the part answer to the question is forex trading profitable. Forex trading is a profitable business in the case when trading portfolio capital large. Forex trading ROI is less than many other businesses such as IT business, advertising, etc. However, trading profitability is different when comparing less than million-dollar businesses and billion dollars businesses (large capital) because each business is scalable to some point, and investing and trading have bigger profitability with larger funds.

Is Forex a Good Way of Making Money?

Many people have developed a misconception that forex trading is a scam. These people do not understand anything substantial about forex. I will be explaining how forex trading is a genuine way if not one of the best ways of making a lot of money online from your home.

Forex can not make people rich if they do not invest a large amount of money and do not follow risk management rules.

Forex trading does not require so much labor as other professions. External factors such as raw materials do not affect it as it is internet-based and comes with great flexibility and simplicity.

Beginners need to equip themselves with lots of books on what happens in the trading and financial markets and join social media forums that chat about forex. Also, legitimate and reputable courses and successful forex traders with no ulterior motives or an easy-money mentality will help you. Notably, making money on forex involves overcoming failures before winning.

Risk-Taking and Money-Making on Forex

Forex trading is about taking well-calculated risks, and the bigger the risks, the more significant the potential to make huge profits. Successful forex traders would not be there if not for taking risks, and they do not hesitate to say it by themselves. Note that risks actually mean you should be prepared to lose at times according to the amount you risk. Ask yourself a couple of questions.

How big is my risk appetite? Should I continue after losing my first two trades? Even the most successful forex traders still make losses, but the question remains; can you handle loss? If not, stay away from forex. However, risk management and emotion management are what you must rely on to control yourself when risk-taking and emotions are putting pressure on you. That minimizes your chances of losing.

How Safe is Forex Trading?

Taking the correct trading procedure is what makes forex trading safe. What happens is successful forex traders say forex is safe, whereas those who do not say otherwise. To make money safely on forex, you must follow these ethics:

1.Start with a demo account if you are a beginner. That will help you understand market dynamics as you practice your strategies well enough to know the right moves. The practice is key.

2.Adopt a trading style and practice it to perfection. Traders can choose from a variety of styles. Request successful traders to tell you their styles. Many failed traders are confused about their choice of styles and seldom even understand themselves well.

3.Be specific about the goals you set and how you manage your risk levels. That is what good planning is about. Your success plan to make money on forex is essential.

4.As earlier explained you have to have a strategy and respect it consistently to become successful as a forex trader.

A newbie trader who begins with a real account instead of a demo account runs a high risk of not trading safely. If you are acquainted with forex but not its rules and strategy, then your trade may not be safe, which means you cannot make money on the platform.

Choosing the Right Trading Strategy

The particular strategy you choose determines whether you will make a profit on Forex or not. This does not necessarily mean that trade in forex does have a wrong or correct way of trading. Rather, it’s about adopting a strategy favoring you enough to help you make the cash you are looking to make. Besides, whatever strategy you adopt, high-level discipline is key. Different strategies affect different currencies differently.

A good strategy that suits you well will also help you against your downfall through emotional trading. It takes experience to discover a suitable strategy for your forex trade. With that, the right attitude with risk management skills will have you making profits on forex.

To What Extent is Forex Trading Profitable?

Whatever you plan on making on forex, it always boils down to forex trading profit per day. Your trading strategy and level of risk, and its management determine how profitable your time on forex is to you. If you have not been winning, change your risk appetite level, trading strategy, and upgrade your forex’s understanding to win on forex. Losing traders trade for profit instead of skill, which is not right. Skill is what brings profits.

Forex trading does not involve paying commissions, exchange fees, clearing fees, or brokerage fees (since forex has no middlemen). Brokers hang on bid/ask spread. You do your trading straight away with the market controlling the prices of currency pairs. Forex also does need big money for you to trade and make money. The absence of the above restrictions only helps you to make more money on forex.

Here are the Four attributes which check on your mindset and good attitude on forex.

•Patience

•Discipline

•Objectivity

•Having Realistic Expectations


How Much Can You Make on Trading Forex?

Many people ask this question regularly. It isn’t easy to come up with the exact amount you can make from trading on forex. Whether successful or not, how much traders make depends on the set of skills each trader has and exercises on the platform.

The activities you carry out on forex and how often you stay determine how much you can make. However, your level of success as per your risk levels must be taken into account. Besides, we are all aware that forex trading is an unpredictable business. One key question to ask is about how good you are as a trader. Sometimes, months of big downpour come and go, giving traders huge profits. Dry months also come and go, giving traders huge losses. Successful traders take full advantage of such months of high profits to make significant profits.

Have you been wondering how do you profit from Forex trading?

95% of traders lose their money because of bad risk management, greedy, overtrading, lack of knowledge.

With the Forex sitting as a global currency exchange market with a value of almost two trillion dollars, it is certainly understandable that you want a chunk of the profits. This is truly possible when you trade in a responsible and well-informed manner. However, if you do not prepare well and do not commit to planning regarding the trades you make, you will experience the odds of being against you and being upset with the money you lose. Research indicates that two out of three people who engage in Forex trading experience a loss of their money, and only a few percent of them really earn money from forex trading. This indicates a need for better caution and more self-education before actively engaging in Forex trading to increase the opportunity to make profits in the realm of Forex trading.

How to become profitable in forex?

1. The risk of ruin is not linear in trading. The more money you lose, the harder it is to recover back your losses.

If you trade and make a loss at some moment, 10%, you will need 11% to recover the loss in the next positions.
If you trade and make a loss at some moment, 20%, you will need 25% to recover the next positions’ loss.
If you trade and make a loss at some moment, 50%, you will need 100% to recover the loss in the next positions.

see Table below: loss and gain how to recover

I will repeat this Table a lot of times. This is the most important path to success. This is the difference between retail and pro traders. Pro traders do not have a drawdown in the portfolio above 10%.

When you max risk 1% of the portfolio in one moment, you can create a 10% drawdown in the long run, and then you need to have 11% gain to recover to break-even.

Retail traders with huge losses and drawdowns like 50% or 30% – can be broke easily because they need a huge percentage to recover their losses.

2. Conduct preparations before commencing your trading.

As a trader, you need to have strategy and edge, and you need to test that strategy statistically. Using the trading journal, you need to see when your strategy gives results, and when it doesn’t.

My choice is the Kelly criterion as a mathematical formula relating to the long-term growth of capital developed by John L. Kelly. I use each trade to maximize long-term growth.

Mathematically shown in the formula below:

Position size = Winrate – ( 1- Winrate / RRR)

To get the Kelly ratio – we can use an example from my older article :

W = 26/50=0.52
R = (780/26)/ (600/24) =1.2
K% = W – [(1 – W) / R]
K% = 0.52- [(1 – 0.52) / 1.2]
K% = 12%
The goal is to compare various systems to see which system has the smallest risk.

Using this number, I can compare my strategies, performance – to improve myself as a trader.

Since there is much leveraging in the Forex market, such as even up to fifty to one, this can present a high appeal, such as purchasing a lottery ticket. There is a relatively small opportunity to make a large sum of money. However, buying a lottery ticket is not the same, as it is not trading and is gambling. The odds are truly stacked against you about purchasing a lottery ticket.

To enter the Forex market in a better manner requires real and careful preparation. It is a good idea to commence with a practice account. This will prove to be risk-free and deeply helpful. As you engage in trading in your practice account, it is advised to read high-quality books about Forex trading. You can readily access such books via Amazon for purchase, or you could choose some books from your library as well if you do not wish to pay for such books.

It is wise to apply the information that you have access to from what you read. This will allow you to engage in your trading strategies’ decent planning before going full speed ahead with trading. It is advised to stick with your trading strategy instead of changing your plan frequently. The truth is that the more one changes his or her trading strategy plan, the less likely he or she will make a profit. In other words, the Forex trade profit will slip away.

3. Apply diversification.

It cannot be denied that some key strategies should be part of each trader’s trading plan to reduce any risks of loss of money. Thus, one great element is to apply the usage of diversification. To increase the likelihood of achieving a profit, traders should conduct many small trades in diverse markets where the direct correlation regarding the markets is below. Generally, it is a poor decision to place all one’s money toward conducting one large trade. It is also wise to become familiar with methods that will generate a guaranteed profit on orders that are already proven profitable. Take into consideration, for example, a trailing stop. It is also wise to realize the importance of applying the stop and engaging in the usage of limit orders to minimize any financial losses.

Advice:
So how to become profitable in forex? Do not try to predict the market all the time and chase for money. The trick is position sizing, small risk, preparation for each trade. Wait for the right moment to enter into the trade and always create a position exit plan.

Conclusion

Making a living off whatever trading activities you do is the goal of every trader, and the same is true with forex traders. Forex is one of the best go-to marketplaces to make money. It does not need you to stress yourself looking for huge capital to begin. With as little as 25 U.S dollars, you can become a beginner in forex trading. Unlike other busy and big capital businesses, forex allows you to trade anytime you want. With enough demo account practice sessions, learning, and a full understanding of forex trading and the forex market, you are good to go. However, even if you have undergone a lot of training on forex trading, practiced so hard, and planned so well, you will still not make money on forex if you lack self-belief. But, traders need to invest a lot of money if they want to have a good salary from trading.

Filed Under: Education, FAQ

How Many Pips Does Gold Move in a Day?

by Fxigor

What is a pip in gold?
Usually, 1 pip increment in gold is 0.01 increment. So if the gold price is 1800,00, then 1 pip increment is 1800,01.
One pip in gold is $0.01 or 1 cent for 1 micro lot position size. 1 pip in XAUSUD for 1 lot position size is $1. Learn more in our article on how to calculate pips in gold.

How many pips does gold move in a day?
Gold moves around 2000 till 3000 pips by average in the last decade. In the year 2020, gold ranged around  2900 pips. The average moving range for gold in 2020 was 2900 pips, from 1000 to 6700 pips.

gold average true range

Gold can easily swing from 50-400 pips within minutes because large reversals are common for XAUUSD. Gold is a volatile trading instrument, and traders have to be careful when calculating risk and position size during gold trading.

If you want to determine how many pips make gold moves in a day, you can use Metatrader indicator ATR, average true range. This indicator can calculate the average number of pips based on the time frame period. If you want to calculate the average number of pips for gold in the last year, go to indicator and set 365 days as the period for observing. Usually, traders use 14 days or 30 days as a measurement.

More about how to calculate gold pips in forex is read on our page.

Filed Under: FAQ

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Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Trading such products is risky and you may lose all of your invested capital. Before deciding to trade, please ensure that you understand the risks involved, taking into account your investment objectives and level of experience.

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