User blogs
Shanghai’s covid lockdown is over. Its economic problems aren’t.
When the end came for Shanghai’s covid lockdown — at the stroke of midnight on June 1 — it was met with cheerful reunions and Champagne toasts across the city. And for good reason. For two months, the 25 million residents of this famously vibrant, high-wattage metropolis had been confined to their homes as the government fought to contain China’s largest outbreak. The nation’s hard-line zero-covid policy had brought Shanghai to a standstill. Only essential workers were allowed to venture out. Businesses were shuttered, and supply chains broke down.To get more Shanghai economy news, you can visit shine news official website.
The reopening came as daily cases of the virus hovered near zero, and it means that people can once again roam freely, and businesses can reopen — though residents will still be required to have a covid test every 72 hours.
When it comes to the human cost — in terms of public health and the trauma of trying to obtain food and medicine — the worst has passed. But the longer-term impact of Shanghai’s lockdown will be felt in other ways and not only in the city. Sources told Grid that many of the economic problems generated by the lockdown are profound and cannot be erased overnight. Chinese officials remain committed to the same zero-covid policy that shut Shanghai down; that casts uncertainty over the city’s return to normalcy and the entire country’s economic trajectory as well.
“The truth is that the reopening is a positive sign for markets, but you can’t take it as a given that things will just move in a linear direction positively,” Shehzad Qazi, managing director at China Beige Book, a data analytics firm, told Grid. “Covid outbreaks can very quickly lead to reversals.”
Meanwhile, Shanghai’s economic uncertainty is symptomatic of troubles zero-covid has caused across the country and amount to a major challenge for the Chinese government. As China’s President Xi Jinping seeks to secure a third term in November, the growing toll of the pandemic will have political implications as well.
“The long-term significance is even more serious,” Daniel Rosen, CEO of the Rhodium Group, which tracks the Chinese economy, told Grid. “The lockdowns have revealed the eroding capacity of the Chinese system to make good choices between economic welfare and political pride and the severe slowing that results when politics predominates in modern China.”Initially, many of the city’s factories ground to a halt. To help restart production, the government allowed some companies to enter a “closed loop” — a policy that was used to manage the February Beijing Winter Olympics. After clearing a covid test, workers at factories (Tesla’s was a much-covered example) lived on site. Scientists at some pharmaceutical companies slept in their labs to continue product testing. But even with these measures, industrial production fell across Shanghai and the Yangtze Delta region as workers got sick, others stayed home and supply chains were fractured.
Shanghai’s service sector — which in recent years has accounted for an estimated 70 percent of the city’s GDP — took a big hit as well. Many nonessential businesses including beauty parlors and the city’s popular coffee shops were forced to close. Eliza Jiao, the CEO of Personalively, a “new retail” company, told Grid the lockdown disrupted her business in ways great and small. Her company’s cash flow was interrupted because it wasn’t possible to process invoices from home, they couldn’t develop new business leads, and an in-person pop-up sales event for a client was canceled. Meanwhile, some of their clients’ e-commerce supply chains were impacted, so Jiao had to reduce order volume and refund some purchases.
Shanghai’s low-income population felt the pain of the lockdown most acutely. Xu Qiangwei, a young migrant worker employed in a Shanghai car factory, told the World of Chinese that an outbreak there had slowed production, cutting into his paycheck. “Because of the pandemic, I only worked half of last month and haven’t been paid yet. I’ve already spent all my money since this outbreak started.”
After one of his roommates tested positive, Xu was locked down in his room and went hungry for two days because the workers’ dorm received no food deliveries from the government, and skyrocketing prices made it impossible for him to buy food. “After this outbreak is over, I want to go home,” he said. “At home, at least I won’t go hungry.”As the city reopens, the Shanghai government has rolled out a slew of measures — from business tax breaks to consumer subsidies — to help boost the economy.
But the latest news from the city suggests the road to recovery will be steep. Tesla’s Shanghai factory is operating at only 70 percent of capacity — one of many cases of factories struggling to get back to work due to labor and supply chain issues. Manufacturing executives in Shanghai told the South China Morning Post in May that layoffs would be necessary even after the lockdown, because of losses they had incurred.
Among those recovery measures, the Shanghai government announced that all the city’s businesses could reopen without applying for a permit. But some firms didn’t survive the two months of paralysis. A hairdresser broke down in tears telling the BBC that he had been forced to close his salon.
How do I unlock a smart lock?
There are almost as many ways to unlock a smart lock as there are brands. Here are the main options:To get more news about wifi smart lock, you can visit securamsys.com official website.
Keypad or touchscreen
Some smart locks use a keypad or touchscreen and allow you to punch in a number code. While this can be convenient, some burglars have been known to study the keypad to look for fingerprint smudges on the keys and use it to infer the passcode to gain access. Some locks like Weiser Premis generate a random two-digit code up front that you have to tap before you enter your pin, in order to eliminate this possibility.
Biometrics
Biometrics is really just a fancy word for using an element of your biology to access the door. In this case, the most common home-use option is a fingerprint scanner imbedded in the door lock, but optical or eye-scanning locks also exist (mainly commercially).
Smartphone/remote control
A common way for unlocking a smart lock is to use a smartphone. With a companion app, you can simply tap a virtual button on screen to lock or unlock your door from anywhere. This method can be very convenient if you want to temporarily allow someone to place a package just inside your door, for example, then relock it once they leave and close the door.
Geofencing
Geofencing or geotagging uses the precise location of your phone to automatically lock or unlock your door whenever you enter or leave a small geographic area. This technology is usually set up inside the companion app and can be quite handy if you are forgetful about locking up.
Physical key or not?
Some smart locks have an emergency key, and some don’t have a keyhole at all, making them “unpickable.”
Tap to unlock
Some locks, like Schlage Encode, let you use your phone as a keyfob; simply bringing it close to the lock will generate a digital handshake and your lock will open. Of course, you’ll need to securely unlock your phone first.
Can you use a smart lock in any door?
For the most part, smart locks, like regular door knobs and deadbolts, are relatively standard in size. If you live in a newer home, or have a newer door, chances are your smart lock will fit easily. If you live in an older home, or have older doors, you may find it could be difficult to get a fit. While some lock brands like Weiser offer adaptor kits (often for free if you call to request one), if you have an oddly sized door, you’ll want to measure and ensure the company has a liberal return policy.
For doors where it will be a challenge to fully replace the deadbolt mechanism, you can consider a smart lock kit that slips over the back of your existing deadbolt latch. August Smart Lock is a good example and you can check out our full smart lock review.
Architectural CAD Software 2022 Business Scenario
The Architectural CAD Software global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other key factors. Readers can enhance their knowledge on the trading strategies, recent developments, current and future progress of the key players in the Architectural CAD Software global market.To get more news about architectural cad software, you can visit shine news official website.
The report includes an in-depth study of the global market segment Architectural CAD Software, where segments and sub-segments are analyzed in quite detail. This research will help players focus on high growth segments and modify their business strategy, if needed. The Architectural CAD Software global market is segmented based on type, application and geography. The regional segmentation research presented in the report provides players with valuable insights and data regarding key geographic markets such as North America, China, Europe, India, US, UK and MEA. Our researchers and analysts use reliable primary and secondary sources for research and data.
Study Coverage: This section includes brief information about key products sold in the global Architectural CAD Software market followed by an overview of important segments and manufacturers covered in the report. It also gives highlights of market size growth rates of different type and application segments. Furthermore, it includes information about study objectives and years considered for the complete research study.
Executive Summary: Here, the report focuses on key trends of various products and other markets. It also shares analysis of the competitive landscape, where prominent players and market concentration ratio are shed light upon. Prominent players are studied on the basis of their date of market entry, products, manufacturing base distribution, and headquarters.
Market Size by Manufacturer: In this part of the report, expansion plans, mergers and acquisitions, and price, revenue, and production by manufacturer are analyzed. This section also provides revenue and production shares by manufacturer.
Production by Region: Apart from global production and revenue shares by region, the authors have shared critical information about regional production in different geographical markets. Each regional market is analyzed taking into account vital factors, viz. import and export, key players, and revenue, besides production.
Consumption by Region: The report concentrates on global and regional consumption here. It provides figures related to global consumption by region such as consumption market share. All of the regional markets studied are assessed on the basis of consumption by country and application followed by analysis of country-level markets.Market Size by Application: It gives an overview of market size analysis by application followed by analysis of consumption market share, consumption, and breakdown data by application.
Key Industry Players: Leading players of the industry are profiled here on the basis of economic activity and plans, SWOT analysis, products, revenue, production, and other company details.
Entry Strategy for Key Countries: Entry strategies for all of the country-level markets studied in the report are provided here.
Production Forecasts: Apart from global production and revenue forecasts, this section provides production and revenue forecasts by region. It also includes forecast of key producers, where important regions and countries are taken into consideration, followed by forecast by type.
Consumption Forecast: It includes global consumption forecast by application and region. In addition, it provides consumption forecast for all regional markets studied in the report.
Robotics as a Service delivers industry flexibility
Robots can be used to increase productivity in manufacturing, but the typical robot is highly specialized for a particular task. It’s ill-suited to the evolving requirements of a manufacturing plant that might have 25 assembly lines and produces a diverse range of products. Capgemini helps create flexible solutions for use in industrial environments, assisting employees with some of their most challenging tasks.To get more news about Robotics as a Service, you can visit glprobotics.com official website.
Capgemini integrates its Teach Robot Yourself “TRY” software, machine learning and Intel technology with leading robotics innovators to create flexible and programmable robotic solutions that help manufacturers and other technology businesses assist workers, increase productivity and improve ROI. Capgemini’s Robotics as a Service (RaaS) enables businesses to affordably procure, adapt and deploy robots for use cases across many different industries using a flexible AI enhanced service model.
To deploy IoT enabled robotics capabilities without making heavy up-front investments or to learn more, contact one of our industry experts.
Time: Vendor selection and project management for a deployment can be incredibly time-consuming, and many end users simply don’t have the time to execute
Capital: Large upfront CapEx investments are expensive and slow to budget for
Expertise: Lack of in-house expertise can make it difficult for companies to even know where to begin, how much automating will cost, and which vendors to work with
Inflexibility: High CapEx investments are hard to justify with any level of uncertainty over long-term production requirements. The possibility of change within even a 4 year time horizon can introduce serious risk of high future repurposing costs, or worse, an expensive robot sitting idle
Risk and Unforeseen Expenses: Automation deployments can bring risk and a range of costs that are difficult to predict, ranging from minor to catastrophic
Formic’s model removes all five of those barriers to entry. We make deploying automation fast, affordable, accessible to all levels of knowledge, flexible, and risk-free.
Since we only charge a low hourly rate on system uptime, our model aligns Formic with the interests of our customers. We are incentivized to maximize the ROI of every application we deploy.
To learn more about which types of applications are best suited for automation, please read this post from our VP of Robotics and Co-founder, Misa Ilkhechi.
AvaTrade Trading Platform Overview
AvaTrade's holding company is registered in the British Virgin Islands. The firm is headquartered in Dublin, Ireland.To get more news about avatrade pros & cons, you can visit wikifx.com official website.
AvaTrade operates worldwide but operated through regional offices. They serve Australia, South Africa, Singapore, Japan, France, Italy, Spain, Mongolia, China, Abu Dhabi, and more. They serve more than 200,000 active customers and execute 2 million monthly trade orders.
AvaTrade is a platform that provides hundreds of CFD products and a limited number of currency pairs for traders located in more than 120 countries through its two proprietary platforms - Webtrader and AvaOptions - and third-party platforms such as MetaTrader 4 and 5.
The company and its subsidiaries are regulated by various tier-1 and tier-2 jurisdictions such as the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), and the Japanese Financial Services Agency (FSA).
Compared to its rivals, AvaTrade's portfolio of available stock, index, and forex CFD is smaller. Their fees for popular instruments and currency pairs such as EUR/USD are a bit higher than the average.Both the proprietary and third-party platforms supported by AvaTrade - MetaTrader 4 and 5 - are excellent, and their features are attractive. No fees are charged for deposits and withdrawals.
AvaTrade's platforms include a web-based and mobile trading app called Webtrader. WebTrader is the company's proprietary trading platform, along with a platform AvaOptions, designed for forex CFD traders.
The web-based platform of AvaTrade, Webtrader, has a user-friendly interface- It allows traders to browse and select the CFDs offered by this trading platform with ease. Prices are displayed next to their ticker symbols along with buy and sell buttons. Traders can tag their favorite securities as some sort of shortcut.
The search function allows the user to search by symbol or name of the asset. The reporting feature provides all the relevant information traders need to analyze their historical transactions. This information includes the market price, realized gains or losses, fees paid, and cost basis.It is important to note that the interface cannot be customized. None of its elements can be moved to suit the users' preferences.
Two-step logins and price alerts are not available. This is a bit disappointing as most platforms send notifications when the price of a security reaches a certain level.
Desktop platform
The desktop platform is similar to the MetaTrader 4 platform. The upside is that it allows for alerts and notifications. Compared to the web-based version, the design of the desktop platform is not as nice. The customization of charts and the interface itself is enabled. The reports section is good, similar to the web-based version. No two-step login is available for the desktop version.
The mobile version of AvaTrade has a good-looking user-friendly interface. It offers a lot, considering the narrow screen space of a mobile phone. The search function works great, and the same goes for the reports function.
There's a unique feature that can be accessed via the mobile app. This is the AvaProtect order, designed to prevent financial losses at an extra fee. AvaOptions has a mobile app version, and they are available for iOs and Android.
AvaSocial - Copy Trading
Avatrade copy trading integrates through DupliTrade and Zulutrade. This ranks them among the best copy trading brokers such as Pepperstone and eToro. Avatrade launched AvaSocial in the UK, with which traders can follow and copy the best traders.
AvaTrade Trading Fees
AvaTrade Trading fees and spreads are competitive and in line with the industry average. The average spread charged S&P 500 index CFD is 0.5, while the average spread charged for trading a Europe 50 index CFD is one pip. The cost of the EURUSD pair is 0.9 pips, right around the industry's average.
To estimate the cost of trading with this broker, we have assumed a hypothetical $2,000 position held for one week with leverage of 20:1 for stock index CFDs and 5:1 for individual stock CFDs.
AvaTrade Research
AvaTrade research tools are good. It includes a news feed, an economic calendar, an idea hub, and many other resources. These are embedded into the broker's platforms - Webtrader, MetaTrader, and AvaOptions.
For trading ideas, AvaTrade offers a section known as ‘Analysts View' or ‘Forex Featured Ideas'. Traders can find hints into potential trading signals spotted by other traders for most of the financial assets covered by the platform.The economic calendar covers a wide range of economic and corporate events around the world, rating them based on the potential impact they may have on the financial markets.
AvaTrade news feed is one of the best out there. It features an excellent visual interface that tracks the number of publications per day, the orientation of such news - positive/negative - and the type of news covered. This feature is known as ‘Market Buzz'.
Difference Between Forex Demo and Real Account
One of the primary reasons people prefer to go for demo forex trading is because it allows you to trade with virtual money.To get more news about forex demo and real accounts, you can visit wikifx.com official website.
It helps in training yourself and understanding trading before you choose to invest your hard-earned money. Forex brokers provide demo accounts to the clients. Clients who are new to the industry can learn and improve themselves by trading with these accounts' aid.However, according to studies, even after a person has earned ample experience after trading with these demo accounts, things might turn out to be different as they begin to change with the aid of real funds. Trading with virtual money is more accessible than trading with real money, as you do not need to risk anything.
What is a demo account?
Forex demo account refers to a trial account where investors use a specific amount of virtual money when they are new to trading. It is regarded as an educational tool and provides a risk-free start to trading.In addition to this, you can test your strategies without putting anything to risk at all. Trading in the demo account provides many good services to newbies who otherwise would have lost a lot of real money.
As you choose a demo account, you can learn the tips of watching the market closely. It also offers a better feel and understanding of how the forex market operates without exposing yourself to any risk. In addition to this, it also helps you in learning the latest features of the trading account.
What is a live account?
In the forex live account, you will gain success in depositing and trading with real money. Hence, any profit or loss is going to be accurate as you start to use live accounts. If you are willing to start trading with live accounts, it is necessary to validate them first. However, many forex brokers allow you to deposit the money and begin trading without any validation process.
On the other hand, some people might ask you to verify the account and to do so; you need to address documents and upload Identity proof before you deposit any money and start live trading.
Trade-related differences between live account and demo account
Specific trade-related differences exist between demo and live accounts, resulting in many performance differences while trading. For example, when using a demo account for trading, no emotional commitment is evolved as you are not putting any real money at stake. However, when you are using a live trading account, the traders might experience a psychological block. The fear and worry of losing real money can be distracting and robust.
You will be surprised to know that trading psychology is regarded as one of the primary factors that significantly differentiate between live and demo accounts. As your money is not at a stake while using the demo accounts, you can think clearly and become unemotional and rational. But, as soon as you start using live accounts, everything changes.
However, it is possible to get over these psychological roadblocks and train yourself to remain unemotional and rational. To overcome the transition period, you need to give yourself some time. It is recommended to start trading on live accounts by investing in some accounts and similarly practice a while as you did with your virtual accounts.If a person fails while trading with demo accounts, there are no actual losses. However, the trader might develop certain discipline-related habits, which might cost a lot of money during live trading.
Traders tend to increase risks or overtrade while trading in demo accounts as no stakes are involved. However, it would help if you kept in mind that such behaviors can have serious negative consequences as they plan to use live trading.
There is a wide array of execution issues that account for performance differences between demo and live accounts. For example, a Forex broker generally does not requote a price while using a demo account. However, as they are using live accounts, they might requote the prices often.
The dealing spreads and price feed of demo forex trading are also different from live accounts. In a demo trading account, the broker might go for executing demo stop losses. However, there are increased risks of a considerable amount of slippage when it comes to real trading.
If specific broker errors arise when trading with a live account, it takes a good amount of money, effort, and time to resolve them as they reach out to the forex broker's customer service department.
Forex Vs Stocks: Top Differences & How to Trade Them
Traders often compare forex vs stocks to determine which market is better to trade. Despite being interconnected, the forex and stock market are vastly different. The forex market has unique characteristics that set it apart from other markets, and in the eyes of many, also make it far more attractive to trade.To get more news about forex vs. stock, you can visit wikifx.com official website.
When choosing to trade forex or stocks, it often comes down to knowing which trading style suits you best.But knowing the differences and similarities between the stock and forex market also enables traders to make informed trading decisions based on factors such as market conditions, liquidity and volume.
1) Volume
One of the biggest differences between forex and stocks is the sheer size of the forex market. Forex is estimated to trade around $5 trillion a day, with most trading concentrated on a few major pairs like the EUR/USD, USD/JPY, GBP/USD and AUD/USD. The forex market volume dwarfs the dollar volume of all the world's stock markets combined, which average roughly $200 billion per day.
Having such a large trading volume can bring many advantages to traders. High volume means traders can typically get their orders executed more easily and closer to the prices they want. While all markets are prone to gaps, having more liquidity at each pricing point better equips traders to enter and exit the market.
2) Liquidity
A market that trades in high volume generally has high liquidity. Liquidity leads to tighter spreads and lower transaction costs. Forex major pairs typically have extremely low spreads and transactions costs when compared to stocks and this is one of the major advantages of trading the forex market versus trading the stock market. Read more on the differences in liquidity between the forex and stock market.
3) 24 Hour Markets
Forex is an over the counter market meaning that it is not transacted over a traditional exchange. Trading is facilitated through the interbank market. This means that trading can go on all around the world during different countries business hours and trading sessions. Therefore, the forex trader has access to trading virtually 24 hours a day, 5 days a week. Major stock indices on the other hand, trade at different times and are affected by different variables. Visit the Major Indices page to find out more about trading these markets-including information on trading hours.
4) Minimal or no commission
Most forex brokers charge no commission, instead they make their margin on the spread - which is the difference between the buy price and the sell price. When trading equities (stocks) or a futures contract, or a major index like the S&P 500, often traders must pay the spread along with a commission to a broker.
Forex spreads are quite transparent compared to costs of trading other contracts. Below you will see the spread of the EUR/USD highlighted inside of the executable dealing rates. The spread can be used to calculate the cost for your position size upfront prior to execution.
5) Narrow focus vs wide focus
There are eight major currencies traders can focus on, while in the stock universe there are thousands. With only eight economies to focus on and since forex is traded in pairs, traders will look for diverging and converging trends between the currencies to match up a forex pair to trade. Eight currencies are easier to keep an eye on than thousands of stocks.
How can I transition from forex trading to stock trading?
To move from forex to stock trading you will need to understand the fundamental differences between forex and stocks. When you boil it down, forex movements are caused by interest rates and their anticipated movements. Stocks are dependent on revenue, balance sheet projections and the economies they operate in amongst other things. Find out more on how to transition from forex to stock trading.
Are there any differences between forex and commodities trading?
Forex and commodities differ in terms of regulation, leverage, and exchange limits. Forex markets are a lot less regulated than commodities markets whilst commodities markets are highly regulated. In terms of leverage, it exists in both the forex and commodities market, but in the forex market it is more popular due to greater liquidity and lower volatility (leverage can amplify losses and gains).
Also, like stocks, commodities trade on exchanges. Commodity exchanges set roofs and floors for the price fluctuations of commodities and when these limits are hit trading may be halted for a certain time depending on the product traded. The forex and stock market do not have limits that can prevent trading from happening.
What are forex signals?
Forex signals can be defined as "buy" and "sell" suggestions and, in conjunction with technical and fundamental analysis, they provide information on the best time and price to enter a trade and profit from the predicted move in price.To get more news about free forex signals, you can visit wikifx.com official website.
Understanding when to open or close a trade is key to successful forex trading and is a crucial part of learning how to trade currency pairs. Professional traders have years of experience analysing chart patterns and scrutinising current events and news announcements to help them assess when to open or close a forex position. Technical analysts will look for signals to guide them when entering and exiting trades.
The main difference between manual and automated forex signals is that manual signals are generated by a person who often is a professional trader. Automated forex signals, on the other hand, are generated by computer software that analyses the market price action based on algorithms.
Free and paid forex signals
Some providers offer free signals (either as a trial or for an unlimited period of time), while other providers offer paid forex signals.
Entry and exit forex signals
Some signals providers only give entry signals, meaning that they provide a signal on when to open a position. Others provide only exit signals, meaning that they provide a signal on when to close a position.
Algorithmic forex signals
Some traders use trading robots or Expert Advisors (EAs) for their forex signals. An EA is a set of rules or an algorithm that places trades when specific criteria are met. EAs can be created by anyone with enough technical knowledge and are often sold online. Find out about automated trading with the MT4 platform.
Benefits of forex signals
They are time efficient. In forex trading, researching and analysing are very important skills that require a lot of time. With forex signals, traders don't have to necessarily spend time analysing charts and patterns. However, you should still do your own independent research and not rely solely on signals.
They help to minimise risks. If used correctly, forex trading signals can help you reduce the risk of losses by suggesting the right time to either enter or exit a trade and consequently where to place your stop loss.
It is a quick learning curve. Forex signals can help traders to understand how these signals correspond to their trades.
Are forex signals reliable?
With a trusted forex signals provider, forex signals can be very reliable source of information. However, it should be noted that, there are some unscrupulous and less reliable services out there so it is important to exercise diligence when using a forex signal provider.
The biggest disadvantage of using trading signals is that the forecast is not always accurate. However, this risk can be minimised by taking some precautions, such as training and practise. Clients of CMC Markets can trade with £10,000 worth of virtual funds on our demo account, without risking real money. Register for a demo account now.
6 BOLLINGER BANDS® TRADING STRATEGIES + VIDEO
Bollinger Bands are a powerful technical indicator created by John Bollinger. The bands encapsulate the price movement of a stock, providing relative boundaries of highs and lows. The crux of the Bollinger Band indicator is based on a moving average that defines the intermediate-term "trend" based on the time frame you are viewing.To get more news about bollinger band, you can visit wikifx.com official website.
But how do we apply this indicator to trading and what are the strategies that will produce winning results?
In this post we'll provide you with a solid foundation on the bands, plus six trading strategies you can test to see which works best for your trading style.
Most stock charting applications use a 20-period moving average for the default settings. The upper and lower bands are then a measure of volatility to the upside and downside. They are calculated as two standard deviations from the middle band.
In essence, the Bollinger Band indicator was created to contain price the vast majority of the time. In fact, Investopedia claims that the bands actually contain the price 90% of the time [2].
If you are new to trading, you are going to lose money at some point. This process of losing money often leads to over-analysis. While technical analysis can identify things unseen on a ticker, it can also aid in our demise as traders.
In the old days, there was little to analyze. Therefore, you could tweak your system to a degree, but not in the way we can continually tweak and refine our trading approach today.
We make this point in regard to the settings of the bands. While the configuration is far simpler than many other indicators, it still provides you with the ability to run extensive optimization tests to try and squeeze out the last bit of juice from the stock.
The problem with this approach is that after you change the length to 19.9 (yes people will go to decimals), 35 and back down to 20; it still comes down to your ability to manage your money and book a profit.
Our strong advice to you is not to tweak the settings at all. It's better to stick with 20, as this is the value most traders are using to make their decisions, versus trying to look for a secret setting.
#1 STRATEGY - DOUBLE BOTTOMS
The first bottom of this formation tends to have substantial volume and a sharp price pullback that closes outside of the lower Bollinger Band. These types of moves typically lead to what is called an "automatic rally." The high of the automatic rally tends to serve as the first level of resistance in the base building process that occurs before the stock moves higher.
#2 STRATEGY - REVERSALS
Another simple, yet effective trading method is to fade stocks when they begin printing outside of the bands. We'll take this one step further and apply a little candlestick analysis to this strategy.
For example, instead of shorting a stock as it moves up through its upper band limit, wait to see how that stock performs. If the stock goes parabolic or gaps up and then closes near its low while near the outside of the bands, this is often a good indicator that the stock will correct on the near-term.
#3 STRATEGY - RIDING THE BANDS
The single biggest mistake that many Bollinger Band novices make is that they sell the stock when the price touches the upper band or buy when it reaches the lower band.
Bollinger himself stated a touch of the upper band or lower band does not constitute a buy or sell signal. In his book, John states, "During an advance, walking the band is characterized by a series of tags of the upper band, usually accompanied by a number of days on which price closes outside of the band."
#4 STRATEGY - BOLLINGER BAND SQUEEZE
John created an indicator known as the band width. This Bollinger Band width formula is simply (Upper Bollinger Band Value - Lower Bollinger Band Value) / Middle Bollinger Band Value (Simple moving average).
The idea, using daily charts, is that when the indicator reaches its lowest level in 6 months, you can expect the volatility to increase. This goes back to the tightening of the bands that I mentioned above. This squeezing action of the Bollinger Band indicator often foreshadows a big move.
The Foreign currency Exchange (FOREX) market is the largest and most liquid financial market in the world. The average daily trade in the global FOREX markets exceeds US$1.9 trillion (Source: the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity conducted by the Bank for International Settlements (BIS) in April 2004, and published in March 2005). These huge funds are traded by governments, banks, and large institutions. For comparison, the biggest stock market on the Earth - NYSE Group (The New York Stock Exchange), has a daily trading volume of approximately $86.8 billion (Source: NYSE Group, Inc. 2006). FOREX has a 18.4% average growth rate per year since 1989. It offers trading 24 hours a day, five days a week, non-stop over Internet. This kind of massively liquid and long uninterrupted trading hours mean that under normal conditions there is no problem entering or exiting a trade.To get more news about forex robots trading, you can visit wikifx.com official website.
But, in this huge market, as the story goes, at least 90% of new FOREX traders lose all their money within their first 3 months of trading. Why? Most losing traders who inquire about FOREX trading are quite intelligent, they just lack the right tools, the "Secret Weapons" to win. They are not beaten by other traders, they simply are beaten by themselves, by humans' weaknesses.
1. What is the first big weakness of human beings? if I say it should be "greed", is there anybody will disagree? Many times we have got 1% profit, but we feel it is not fat enough. We want more, 2% or 3% will be better. While the profit really goes to 3%, we will think how about 10%? Not enough forever. But the market is so volatile, especially in Forex market, we often encounter this depressive situation: profit turns into negative from positive. and this kind of depression happens again and again.
2. Fear. All people have fear. In Forex trading, currency rate is easily jumping or dropping hundreds of pips. Few of people can make sure how the market will go. In Forex market, people all use leverage to trade, from 50:1 to 500:1, leverage will enlarge the profit or loss from 50 times to 500 times. Leverage is the wonderful feature of Forex, and it lead fear into people's heart too. If the market goes against people, big drawdown comes, their fear comes too. Is there anybody not scary to lose money? Under the pressure of fear, people easily and often make wrong decisions, stop loss too early, then regret soon.
3. Lack of confidence. Seems better than fear, huh? But it is still not a good thing. Many times human traders are so happy once they see a little bit profit in their accounts. They are worrying what if the profit turns into loss? People always take a tiny profit and run, then regret while they see the market goes further and further along the right track. If they were confident, they would have made ten times or even a hundred times of profit.
4. Hesitation. Not only newbies, but also old-hands easily hesitate to act in Forex market. You've probably heard the saying "past performance does not predict future performance". Even a very experienced trader who has made many successful trades in his/her history, while he or she is facing a new situation, needs thinking twice before making a so simple decision: Buy or Sell? For new traders or amateurs, they need longer time to think, and this kind of hesitation always leads them to confusion and missing the best and fleeting chance.
5. Weariness. How many people can keep working for 24 hours? No sleep, no rest? How about 48 hours, 72 hours, etc? Even an iron man can not use his eyes watching computer monitor, his brain thinking fast changing questions and his hands calculating complex formulas, day and night, 24 hours a day, 6 days a week, non stop. Especially, no mistakes allowed!
6. Negligence. Have you ever got trouble just because of a small negligence? such as took a wrong bus, missed an exit on highway, dialed a wrong number, misunderstood boss' order, ignored a no-parking sign, omitted a whole page of questions in an examination, left resume at home while a vital interview, misspelled a keyword in a quote form for a VIP customer, etc. Hi, man, when was the last time you forgot your mama's birthday, or worse, the wife's, or the worst, girl friend's? Mama always forgive your negligence. Wife... well, it depends. Girl friend? Huh, wish you good luck.
7. Lack of discipline. Humans always think that we are smarter than machines. Sure we are. Not only we are smarter, we have freedom too. But everything has its nature, character, and rules. Rule means discipline. If we just feel smart and free in Forex trading, making decisions based on our feelings or knowledge only, and ignore discipline, there will be endless disasters waiting us ahead. Forex trading is like fighting in war, soldiers can not survive in war without discipline, neither can traders in Forex market. While we have to stop loss we must cut off and run, in spite of how bloody and painful it is, when we must take profit we can not hate the profit is too small. Discipline is discipline, perhaps some smarties can win a while, but only those people can keep obeying discipline forever can win forever.
8. Inconsistency. Long term or short term? buy or sell? prosperity or depression? over bought or over sold? high or low? support level or resistance level? fundamental analysis or technical analysis? including automated trading or manual trading? etc. There are too many inconsistent news, facts, information and methods, strategies in Forex market, easily cause human traders make inconsistent judgments and decisions. And these inconsistencies will cause only one same result: failure!