Videforex offers a variety of markets for its clients to trade on, including forex, CFDs, and options. These markets allow clients to speculate on the price movements of different assets, such as currencies, stocks, indices, commodities, and cryptocurrencies. Each market has its own characteristics, advantages, and disadvantages, and requires different strategies and skills to trade successfully.

Safety and Regulations

To find out more about this broker, make sure you check out the following Videforex review below. As such, we highly recommend using a demo account if you are considering trading with this FX brokerage. Credit cards (VISA/MasterCard), bank wire transfers, Bitcoin, Ethereum, Lite coin, Altcoins, Neteller, Skrill, and Perfect Money are all options for funding & withdrawing your account. If you deposit on weekends or holidays, you may have to wait a bit longer. Although there are no additional costs when adding funds using Bitcoin, Altcoins, and Ethereum, Visa & MasterCard transactions have a 5% charge.

When we used Videforex, we found there is a commission for opening an unleveraged cryptocurrency CFD position. Opt for leveraged CFD cryptocurrency positions, and the fee can climb to 5%. Although VideForex is legally registered as a business, it is among the brokerage companies that are not regulated by any government agency in the Seychelles. VideForex is a legally registered forex broker located in the Seychelles, but not regulated by any government agency.

This platform offers exceptional value by providing a feature-rich proprietary trading interface for both web and mobile—completely free. I have access to advanced tools like streaming data feeds, customizable charting, and intuitive order management without any subscription fees. However, the lack of integration with industry-standard platforms like MT4 and MT5 could be a drawback for traders relying on automated strategies.

Compare Videforex with the top 3 similar brokers that accept traders from your location. When we used Videforex, we found that deposits are processed instantly while withdrawals can take up to one hour. It will take liquidity and external markets for the underlying financial instrument into account.

1. If you want to register with Videforex, you must pay a minimum deposit of $250.
2. However, it is somewhat disappointing that VideForex is not offering CFD cryptocurrency trading pairs as most new online trading brokerages of this kind are.
3. There is no guarantee that the broker will honor its obligations, process withdrawals, or safeguard client funds.
4. Finally, this broker offers binary options trading, which is a rare feature compared to other forex brokers.
5. Here in our review, you will get to know the company as a whole and read about its features and how it works.
6. If you joined the contest, you could even check your rank anytime.

Best Brokers

Most brokers have this requirement set in lots (or micro lots), so the answer was surprising, but not alarming. A requirement of a $1 investment is very reasonable and no cause for concern. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit.

1. Videforex has an easy-to-understand interface, which is suitable for novice traders.
2. However, the interface could be more intuitive, making quick stock exchanges a bit cumbersome.
3. Videforex is designed to benefit both new and seasoned traders, with features such as a proprietary platform and copy trading opportunities.
4. Traders should open a real account and make a deposit for accessing the demo account.
5. One of the best features for novices is the Copy Trading tool, which you can use to copy master traders.

And the real-time pricing data is clutch for making informed trades on-the-go. However, the app’s interface really lets it down in terms of user experience. The design feels quite dated and unintuitive compared to other trading platforms I’ve used.

Videforex review for traders – How good is the broker?

All the services on the TopForx.com website are free for you to use. You need to register before receiving demo account credentials. All transactions are counted for a trading contest, regardless of the outcome, and the minimum trade amount should be $10.

By accessing TradingView’s full version even while using the one found on VideForex’s platform, you will be able to save new charts or even load existing ones for convenience. All your data is stored in your VideForex account so that you don’t have to add all your drawing tools again. VideForex doesn’t require its clients to download any kind of software to use its platform. Their platform is web-based and can be accessed by using any kind of browsers, such as Mozilla Firefox, Google Chrome, or Microsoft Edge. Since clients do not need to install anything on their personal computer, this saves them the risk of being infected by a malicious virus that might corrupt their operating system.

The first was that any international wire transfer withdrawal will be charged an upfront $50 transfer fee. There is a 5% transfer fee charged on all credit card deposits, where the is no charge on any other deposit method. A deposit request via credit, debit card or via e-wallet will be processed within 3 hours. It can take Videforex up to 3 business days to process incoming bank wire transfers and to verify that the funds have been received.

Subsequently, users can also view which trades have been profitable to them. Important financial tools can be located on the top left of your trading platform, and account tabs will be on the top right. Immediately below this, you will be able to see recent profitable trades that have been made by other clients of VideForex. The asset classes as CFDs offered https://traderoom.info/videforex-a-reliable-broker/ by VideForex are currencies, commodities, crypto, indices, and stocks. However, when it comes to stocks, there are over 50 CFD stocks available.

Here, you’ll have the freedom to speak to any of the online representatives. You can see a full list of the supported languages on the drop-down box found in the chat window. Although you’ll be sending messages on a public group chat, a private chat feature is available for registered clients.

I’ve had nightmares at other brokers waiting days to access my winnings. But with Videforex, I can withdraw and enjoy recent trading successes immediately without the typical holding periods. Like when I pulled out $1,800 cashto buy new patio furniture the same day I closed a lucrative options trade. What sets Videforex apart is their seamless, all-in-one mobile app, which integrates every capability from account funding to complex order structuring.

Rectangle trading chart pattern is a universal trading pattern that may predict both a reverse and a continuation of an actual tendency. It looks like a sideways channel formed by horizontal support and resistance level, where the price is consolidating. It is recommended to trade in the direction the formation is broken – if the price fixes above the resistance line, buy; if it fixes below the support line, sell. The target of the figure is the chart pattern’s height (H) in pips. Wedge chart pattern is a reversal trading pattern, which is formed at highs and lows between two convergent lines, support and resistance. The chart pattern has some similar features of Triangle with the key distinction being skew angle (of both lines forming it) in the same direction.

Three Inside Down Candlestick Chart Patterns

There is no one ‘best’ chart pattern, because they are all used to highlight different trends in a huge variety of markets. Often, chart patterns are used in candlestick trading, which makes it slightly easier to see the previous opens and closes of the market. A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past. Chart patterns are the basis of technical analysis and require a trader to know exactly what they are looking at, as well as what they are looking for. The idea behind chart patterns is that statistically, prices make structures, and those structures anticipate reactions.

Imagine ascending a mountain and reaching the peak twice, this is the double top chart pattern. The pattern occurs when the price tries to break out of a resistance level only to experience a strong sell-off resulting in lower prices. However, buyers continue to enter the market at the neckline and try to push the price higher. Nevertheless, they experience strong opposition at the top resistance level, resulting in the price edging lower.

The Triple Bottom Pattern pattern is confirmed when the market price breaks above the resistance level formed by the intermediate highs with increased volume. Technical analysts interpret the Symmetrical Triangle with a balance between buying and selling pressures which leads to a tightening range before the next significant move. The Inverse Head and Shoulders pattern is confirmed when the price breaks above the neckline with increased volume. Forex traders place long orders upon this breakout, targeting a market price equal to the distance from the head to the neckline projected upwards from the chart pattern breakout point.

The bottom-most candles with almost the same low indicate the strength of the support and also signal that the downtrend may get reversed to form an uptrend. Due to this, the bulls step into action and move the price upwards. The real body of this candle is small and is located at the top with a lower shadow which should be more than twice the real body.

Forex patterns are a great tool to forecast future price movements. The continuation chart patterns are price action formations that usually appear in the middle of the trend. As the name suggests, a continuation chart pattern signals a pause in the trend before the prevailing trend resumes.

Inverse Head and Shoulders

In that line, traders follow those patterns to identify trading opportunities. A double Bottom pattern is a bullish reversal pattern; it is the opposite of the double top pattern and is often traded by new and advanced forex traders. The confirmation of the pattern is the break of the neckline after the formation of the double Bottom A and B.

Trade with confidence

1. The wedge chart pattern offers several potential take profit target levels depending on the strength of the break.
2. Forex graph patterns are similar to planets in the night sky, helping traders across the great span of market changes with distinct shapes and formations.
3. Suddenly the buyers came into the market and pushed the prices up but were unsuccessful in doing so, as the prices closed below the opening price.
4. The target price for the trade is typically measured by the length of the flagpole added to the breakout point.

One important aspect of trading is the ability to analyze charts and identify patterns that indicate the direction of the market. In this article, we will discuss chart patterns in trading and how they can be used to make informed trading decisions. However, if there is no clear trend before the triangle pattern forms, the market could break out in either direction. This makes symmetrical triangles a bilateral pattern – meaning they are best used in volatile markets where there is no clear indication of which way an asset’s price might move. In contrast, a descending triangle signifies a bearish continuation of a downtrend.

Double Bottom chart pattern is formed at lows within a descending tendency. After that, the price is expected to grow by the distance equal to, at least, the figure height, which is measured in pips from the popular forex chart patterns pattern’s lows to the bottom line. Double Top chart pattern is formed at highs within an ascending tendency. After that, the price is expected to fall by the distance equal to, at least, the pattern height, which is measured in pips from the pattern’s highs to the bottom line. Inverted Head & Shoulders chart pattern is formed at lows within a descending tendency.

The formation of this pattern occurs when the starting and closing prices are quite close to one another. In order for this pattern to develop, the top shadow needs to be far larger than the actual body. The market is about to make a negative turn, as shown by the second candle, which indicates that bearish circumstances will soon dominate. The Evening Star is a pattern that consists of numerous candlesticks.

A Bullish Engulfing candlestick pattern should be present between the first and second chart patterns. After the conclusion of this candlestick pattern, market participants might consider opening a long trade. These candlestick charts feature three extended bullish bodies made up of candlesticks. In addition to this, they are open within the actual body of the candle that came before it in the sequence.

1. Traders can set an audible price alert just above the sideways consolidation price level to intercept the next price movements cycle.
2. The target price for Gartley Patterns can be conservative, being at the level of point B or point C or more aggressive beyond point A at 161,8% Fibonacci level of XA leg.
3. The main types of forex charts in trading are reversal and continuation forex chart patterns.
4. The stops are placed above the previous swing high; profits can be booked at a reward double the risk.
5. The name “Descending Triangle” derives from its shape, thanks to the intersection of a horizontal support line and a descending resistance line.
6. The Rising Wedge pattern is both a bearish reversal and a bearish continuation pattern.

Its distinctive left shoulder identifies the pattern and a head followed by the right shoulder. The neckline is another critical component of the head and shoulder pattern, neckline is drawn connecting the base of the shoulders and the head. The pattern is completed once the left shoulder, head, and right shoulder are formed, followed by the neckline break. Chart patterns are formations visually identifiable by the careful study of charts.

After a rising wedge pattern, the market should break out downward, passing the support level. This presents opportunities for a new bearish position, or might be a sign to close a long one. The ascending triangle is a chart pattern that’s created when a horizontal set of highs is met by an ascending set of lows. The upper horizontal line is the resistance level, and the lower upward sloping line is support.

A confirmed price breakout occurs when the price closes above the resistance with increased volume. Analysts suggest buyers in the Cup and Handle pattern initially drive the market price up, creating the left side of the cup. Sellers exert pressure, which causes a gradual decline that forms the cup’s bottom after the initial price increase. The buyers gradually manage to raise market prices again to the previous high until there is a brief period of profit-taking and consolidation (the “handle”) before the new trend appears. Pennant or flags chart patterns are generally created later when an asset undergoes a phase of upward change, accompanied by a union. Usually, there would be a notable growth all through the early phases of the trend, before it gets into a set of more petite downward and upward changes.

Devin Nunes, the chief executive of Trump-owned Truth Social, was announced as Trump’s nominee for chairman of the President’s Intelligence Advisory Board, a panel that advises the president on matters related to U.S. intelligence. Nunes, a longtime Trump ally, led the House Intelligence Committee in Trump’s first administration. Karoline Leavitt, the Trump campaign’s national press secretary, will serve as White House Press Secretary once the president-elect assumes his office.

She was reportedly considered for White House chief of staff before Susie Wiles was named to the role. Vince Haley, who served as adviser and speechwriter during Trump’s first term was named as the head of the Domestic Policy Council. Haley also worked under Stephen Miller—who Trump named as his Deputy Chief of Staff for Policy— while writing Trump’s speeches during his first term in office. Former Sen. Kelly Loefller, R-Ga., was nominated as administrator of the Small Business Administration by Trump, who said Loefller will crack down on “waste, fraud, and regulatory overreach” in her new role. The former senator fundraised for Trump ahead of the election, raising $7 million for his campaign this summer, according to CNN. As SBA administrator, Loefller will be in charge of overseeing billions of dollars worth of loans and disaster aid to small businesses.

Trump named Keith Kellogg, a retired lieutenant general and former chief of staff for the White House National Security Council during Trump’s first term, as special envoy for Ukraine and Russia, a newly created position. Kellogg has presented Trump with a plan for ending the war and forcing Ukraine and Russia to the negotiating table, Reuters reported previously, citing unnamed sources. Former ambassador to Germany and fierce Trump ally Ric Grenell is his pick for the newly created position of envoy for special missions. Grenell, widely considered a contender for secretary of state, previously served as acting director of national intelligence and helped Trump challenge the 2020 election results in Nevada. Trump picked former football player Herschel Walker to serve as his ambassador to the Bahamas, a job that requires Senate confirmation.

Education Secretary: Linda Mcmahon

Bessent is the founder of Key Square Management, a hedge fund that had less than $600 million in assets under management at the end of last year, and worked for Democratic megadonor George Soros for years before that. If confirmed, Bessent would make history as the first Senate-confirmed LGBTQ+ Republican Cabinet member. Trump has chosen people for most Senate-confirmed Cabinet-level jobs, including some surprising and controversial picks, and he’s picked a chief of staff and a national security adviser—key roles that don’t require confirmation. Howard Lutnick is Trump’s pick for commerce secretary—choosing him for the commerce role instead of treasury secretary. Trump, in a statement, called Lutnick “the embodiment of resilience in the face of unspeakable tragedy,” referencing his charitable contributions to 9/11 families after 658 Cantor Fitzgerald employees, including Lutnick’s brother, died in the Sept. 11 terrorist attacks, while Lutnick was CEO. Lutnick, who rebuilt the company after 9/11, has spent his entire career at Cantor Fitzgerald and became president and CEO of the financial services firm at the age of 29.

Department Of Health And Human Services Deputy Secretary: Jim O’neill

Trump nominated Russell Vought as director of the Office of Budget and Management, potentially marking his second time in the role. Vought was the office’s director from 2020 to 2021 after serving as deputy director and acting director. Vought authored a chapter in the controversial Project 2025 policy agenda on the Executive Office of the President of the United States and will be in charge of overseeing the White House budget and implementation of Trump’s policies throughout the executive branch. He also reportedly said in secret camera footage published by the Centre for Climate Reporting that Trump “blessed” Project 2025 despite distancing himself from it on the campaign trail. Vought is expected to push for policy restructuring that provides more power to the president.

Office Of Management And Budget Chief Of Staff: Ed Martin

1. Trump announced former Rep. Dave Weldon, R-Fla.—who served in Congress from 1995 to 2009—as CDC director, and tapped Marty Makary, who became known for opposing vaccine mandates during the COVID-19 pandemic, as FDA commissioner.
2. An Air Force veteran and former chief of staff to Trump’s former trade representative, Robert Lighthizer, Greer “played a key role during my First Term in imposing Tariffs on China and others to combat unfair Trade practices,” Trump said in a statement.
3. Trump tapped billionaire Jared Isaacman, founder and CEO of Shift4 payment processing firm, as administrator of the National Aeronautics and Space Administration, calling him “an accomplished business leader, philanthropist, pilot, and astronaut” in a Truth Social post.
4. Pending Senate approval, Long’s addition will seemingly end IRS Commissioner Danny Werfel’s term early (his term was slated to end in 2027).
5. In a post on X, formerly known as Twitter, Burch said he will work “to promote the dignity of all people and the common good” and thanked Trump for the role.
6. His special purposes acquisition company, Cantor Fitzgerald Acquisition Corp., took the Rumble video platform popular among right-wing influencers public in 2022.

Oz will work closely with Robert F. Kennedy Jr., who Trump announced as his pick for Health and Human Services secretary. Oz’s rise to fame is largely tied to his frequent appearances on the Oprah Winfrey show in the early 2000s and his own subsequent daytime talk show. He’s accused of espousing questionable medical claims, including promoting the debunked theory that the anti-malaria drug hydroxychloroquine could treat Covid-19, and pushing so-called miracle weight loss products unsupported by scientific research. Trump picked South Dakota Gov. Kristi Noem for the role of secretary of the Department of Homeland Security. Noem is a long-time Trump loyalist who was believed be a contender for Vice President. The appointee will be essential in carrying out Trump’s aggressive immigration plans, in addition to the agency’s duties surrounding cybersecurity, antiterrorism and emergency response.

1. Edgar was named to that role in May 2020, and previously served as the mayor of Los Alamitos, California.
2. Rollins served as a policy advisor during Trump’s first administration and is the president of the America First Policy Institute, a think tank founded by former Trump administration officials that has advocated against foreign ownership of U.S. farmland.
3. Hegseth has denied the allegations through his attorney, Timothy Parlatore, who told multiple outlets he paid his accuser a settlement to avoid a lawsuit over the matter.
4. Federal Trade commissioner Andrew N. Ferguson was selected as the agency’s chair, meaning if confirmed he will take over for Lina Khan, who has spearheaded a yearslong antitrust crackdown on large companies across the tech, grocery and pharmaceutical sectors.
5. The former senator fundraised for Trump ahead of the election, raising $7 million for his campaign this summer, according to CNN.

In his announcement, Trump hailed Scott’s tenure as Border Patrol chief, saying he “achieved record low levels of illegal immigration.” Scott served in the role for 19 months between 2020 and 2021 and oversaw the implementation of several key policies including the “Remain in Mexico” policy and Title 42. Carr has served as one of the FCC’s five commissioners since 2017, when Trump first appointed him to the agency. He’s known as a critic of big tech companies, writing a chapter of the controversial Project 2025 agenda—which Trump has broadly disavowed—that argued the FCC should narrow the immunity enjoyed by tech platforms and require companies to be transparent about their content moderation decisions. He’ll take over the FCC as Trump pushes the agency to revoke the licenses of broadcast TV stations whose coverage he claims is unfair—though that could be very difficult in practice. Former Director of National Intelligence John Ratcliffe will serve as CIA director. A former Texas congressman, Ratcliffe served as the director of national intelligence from 2020 to 2021 and acted as Trump’s primary intelligence adviser during his last presidency.

Trump decamped to Mar-a-Lago after his win, holding meetings with his inner circle, administration hopefuls and transition team to craft his second term agenda and build out his staff. Trump is shaping his second-term agenda with the help of several right-wing groups, his closest allies and billionaire backers. Musk, who has been spotted on numerous occasions alongside Trump since his election, is among those who appear to be influencing Trump’s policy and personnel decisions. Lutnick is also overseeing a team making recommendations for personnel picks and vetting potential candidates, and Miller is expected to play a key role in making the final decisions. The right-wing think tank America First Policy Institute is reportedly the primary driver of Trump’s transition plans and has been crafting possible executive actions for Trump once he takes office. The organization is chaired by McMahon and led by former Trump Domestic Policy Counsel Director Brook Rollins.

Trump tapped Tilman Fertitta, owner of the Houston Rockets and the Texas-based restaurant and entertainment company Landry’s as ambassador to Italy.

He also founded venture capital firm Craft Ventures and is a former PayPal chief operating officer. Trump noted Sacks will also lead the Presidential Council of Advisors for Science and Technology. Rollins served as a policy advisor during Trump’s first administration and is the president of the America First Policy Institute, a think tank founded by former Trump administration https://traderoom.info/expert-broker-reviews-is-tradeallcrypto/ officials that has advocated against foreign ownership of U.S. farmland.

He has also advocated for removing fluoride from public water, an idea Trump said he as open to. As HHS secretary, Kennedy would oversee 13 public health-related agencies, and has expressed plans to upend many of them, telling an audience at a conference in November he would halt infectious disease studies at the National Institutes of Health if given a role in the Trump administration. The surprise selection drew criticism from many Democrats, and some Republicans expressed wariness about the pick. Trump’s former Vice President Mike Pence spoke against Kennedy as the pick to lead HHS in a statement and urged Senate Republicans to reject the nomination, citing Kennedy’s support of abortion rights.

Gabbard is a former Democratic representative from Hawaii and a 2020 Democratic presidential candidate, perhaps best-known for clashing with Kamala Harris on the debate stage in 2019. She left the party in 2022 and became an independent, before endorsing Trump in August and announcing she had joined the Republican Party. A critic of U.S. military interventions, Gabbard has drawn intense scrutiny for her foreign policy views, including for meeting with Syrian President Bashar al-Assad in 2017. Trump nominated Miami-Dade County Commissioner Kevin Cabrera as ambassador to Panama, doing so just a few days after threatening to take over the Panama Canal. Cabrera, who worked as a lead on Trump’s 2020 re-election bid in Florida, represents the residents of Miami, Hialeah, Coral Gables and other neighborhoods within Miami-Dade County.

Ferguson has worked as an antitrust litigator and was Virginia’s solicitor general from 2022 to 2024. Trump nominated Chad Mizelle, who served as general counsel and chief of staff at the Department of Homeland Security during Trump’s first administration, to serve as chief of staff at the Justice Department. Trump announced Matthew Whitaker will serve as the official U.S. representative to NATO.

During his time as director of national intelligence, Ratcliffe declassified unverified Russian intelligence information that claimed Hillary Clinton approved a plan to link Trump to Russia and the Democratic National Committee cyberattacks in 2016. Democrats criticized Ratcliffe’s decision to publicly release the information, alleging he was politicizing unverified information to aid Trump. Trump announced Tulsi Gabbard will serve as his Director of National Intelligence, a role that puts her at the head of the U.S. intelligence community.

UltraTrader supports a wide range of markets, including Forex, Crypto, Commodities, Indices and Stocks. We provide real-time tracking with industry-leading refresh rates, giving you a comprehensive view of these markets at your fingertips. Optimus Futures provides a free trading journal with it’s flagship trading platform, Optimus Flow.

Gain key insights.

1. These features make Tradervue a tool for both beginner traders and experienced professionals looking to refine their trading strategies.
2. If you are just getting started trading and you don’t need to bulk upload a long account history, consider trying the free version.
3. The shocking thing is that the majority doesn´t even know that the same mistakes and negative behavior are keeping them from becoming profitable traders.
4. You can use Edgewonk as a day trader, and as a swing trader alike.

While all the apps discussed have their unique offerings, UltraTrader clearly shines with its blend of user-centric design and powerful features. For traders looking to elevate their trading experience in 2023, the choice is clear. Sign up for UltraTrader now and witness the transformation yourself. Keep in mind that not all trading journals are compatible with all trading platforms.

The level of detail and ability to really dig deep on metrics is unparalleled. This tool has helped me so much in defining my trading strategy and where my edge is. Most of our trading losses coming from a set of trading mistakes. Once you have analyzed the patterns to identify which trading mistakes are making you lose money, you can focus on ensuring you avoid them on your next trading day. If you expect to be a successful trader, risk management is vital. Metrics like average risk and reward calculators, as well as average stop-loss/take-profit metrics, will go a long way in helping understand where you stand within your edge/strategy.

Check out our full guide to using this Excel stock journal template to help get you started. The template also offers customizable fields, allowing you to adapt your journal to your trading style and needs. Whether you’re a day trader, swing trader, or long-term investor, you can adapt the template to track the metrics that matter most to you.

It creates an environment much like a university or college. No matter the currency of your trading account, Edgewonk will work for you. Milan is frequently quoted and mentioned in many financial publications, including Yahoo Finance, Business Insider, Barrons, CNN, Reuters, New York Post, and MarketWatch. Their support is exemplary and gets back to all my queries in well under 30 minutes with comprehensive answers and solutions to my questions.

What are the main benefits of a trading journal?

Having access to your trade journal data in real time can help inform your current trading decision, so you can make changes as needed on the fly to your strategy if necessary. You want a system that can provide you with information on trade performance, risk and reward, wins and losses, and much more. Trading journals should provide you with this info in an easy-to-digest manner. They force me to think through why I am entering and exiting positions and they eliminate excuses.

Take the right direction based on your trading patterns. Use every tool in TradeZella together to improve your trading strategy. Always look for a trading journal with a wide variety of safety and security protocols to protect your accounts.

Instead of spending hours inputting best trade journals trade details, you can focus on analyzing your trades and improving your trading strategy. Keeping a trading journal is essential for traders to not only track their performance but to create a better understanding of their approach to trading. Here are eight ways a trading journal will make you a better trader. Maybe you want to achieve a specific return, improve your win-to-loss ratio, or refine your trade selection criteria. Your journal tracks your progress, so you can celebrate wins and identify areas for improvement.

The opportunities will diminish as other market players catch on to what you’re doing. If you are trading commodity stocks, the overall market could be the MSCI World Commodity Producers Index. For instance, if you trading US stocks, the relevant overall market is the S&P500 index. This is a sign of a good trader who is able to adapt, or has a strategy that is fundamentally valid regardless of market behaviour. Tradeciety readers can use the discount code “Tradeciety” when purchasing an Edgewonk trading journal subscription to get 15 USD off – the biggest possible Edgewonk discount.

What is a funded trading account, how does it work, and how to get one?

Each day we have several live streamers showing you the ropes, and talking the community though the action. Easily differentiate green vs. red days, as well as the setups and trading mistakes you made on each day you traded. Ability to run drill down reports while filtering data to find trading insights effortlesssly. Journal on the go with TraderSync’s mobile app allowing you to check on your journal and trading performance at any point in the day.

1. Enter your trades into the journal after you have finished placing stop losses and take profits.
2. With this tool, you can start with a new spreadsheet and define the parameters you want to analyze.
3. By keeping track of your emotions and thought processes leading into a trade, you will develop a better understanding of the psychological side of trading.
4. If your returns are correlated to the overall market you are trading in, it indicates that your strategy generally involves buying and holding certain popular assets in your asset class.
5. Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff.
6. Tradervue allows for customization of your trading journal template.

How does the free/basic account work?

In the next section, we’ll explore why the Edgewonk Trading Journal is the perfect companion on your trading journey. But for now, remember – a trading journal is your key to unlocking the secrets of your trading performance. Forex traders should be aware of the fact that only MetaTrader 5 is supported for auto-sync, not MT4.

Additionally, its backtesting capabilities are limited compared to dedicated tools, and it lacks key journaling features essential for in-depth trade analysis and performance improvement. While TradeZella offers some unique features, its high cost and incomplete journaling functionality make it a less compelling option for serious traders. Edgewonk is a trading journal that sets itself apart by focusing solely on what traders truly need in a journaling tool.

This is the most important step and you’ll need to remain consistent and diligent when recording trades. Thanks, PK from TradesViz for being extremely helpful and patient in resolving my syncing issue. Certainly one of the best online support I have ever experienced. Even though it took a while for me to get my settings right, I never felt rushed…I appreciate that. Certainly would like to learn how to utilize most of the features on TradeViz. Yes, refer to the supported broker page to view supported exchanged, brokers and trading applications.

What this overall market is depends on what assets you are trading. For instance, you traded in the period before the Global Financial Crisis of 2008, during, and after the crisis, and managed to make money in all 3 periods.

When investing in gold as a way to spread risk, its a good idea to think about costs, security and simplicity. BullionVault addresses these issues to make buying gold cheaper, safer and easier. Open orders are only executed on days when an appropriate gold price is published. The actual bullion and cash normally take two working days to settle to your account. For a purchase, your funds stay in your account and are reserved until the bullion is settled.

1. A former award-winning claims specialist with the Social Security Administration, Rae continues to share her expert insider knowledge with Forbes Advisor readers.
2. Like the spot price published by other sources (such as Reuters or Bloomberg) it represents the average of many wholesale quotes, and – crucially – it represents the average of those quotes’ mid-points.
3. On the flip side, the $2,665 confluence hurdle breakpoint might now protect the immediate downside ahead of the $2,635-2,634 area, or the 38.2% Fibonacci retracement level.
4. Despite the gold-to-silver ratio fluctuating so wildly, another way of using it is to switch holdings between silver and gold when the ratio swings to historically determined “extremes.”
5. In areas outside of the U.S., the spot gold price is taken in USD and simply converted to local currency.

Have you ever seen someone pay for items at the grocery store with a $20 Saint-Gaudens gold coin? These coins and others that carry a legal tender status derive their value primarily from their bullion content and collectability or scarcity in the market. best penny stocks under $0 50 for 2021 Rae Hartley Beck first started writing about personal finance in 2011 with a regular column in her college newspaper as a staff writer. A former award-winning claims specialist with the Social Security Administration, Rae continues to share her expert insider knowledge with Forbes Advisor readers.

Gold Price Chart FAQ

While inflation has cooled significantly from recent highs, it ticked up slightly last month, raising concerns about whether further increases could follow. But gold bars and coins are well-suited to counteract the effects of rising prices, preserving purchasing power even gridley ca equipment rental locations as paper currencies lose value. Gold has a long history of regaining and surpassing its value after corrections, and over the last few days, the price of gold has headed back upward.

Preparing for THE Bottom: Part 3 – Gold to Silver Ratio

De Lisle Partners LLP lifted its position in Galiano Gold by 14.0% during the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock worth $1,154,000 after buying an additional 100,000 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Galiano Gold in the 3rd quarter worth about $639,000.

This is different from owning bullion unencumbered and outright because you are never actually taking physical ownership of the gold. While some investors enjoy the ease of buying paper gold, some prefer to see and hold their precious metals first-hand. The future price of gold is difficult to predict, as bullion prices can fluctuate by the second, let alone from year to year. As with any investment, it is not possible to create a 100% reliable projection or forecast for future performance. You can then use those real-time spot prices to place an order using BullionVault’s live order board, selecting your gold market from Zurich, London, New York, Toronto or Singapore.

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Spot, in other words, doesn’t necessarily reflect a price you might actually get from any individual What is american depositary receipt bank or dealer, and it cannot reflect the spread between prices to buy and prices to sell. Studies have found that gold may be an effective inflation hedge, but only over extremely long periods of time, measured in decades or centuries. Over the past five years, the price of gold has appreciated approximately 36% while the total return of the S&P 500 has been 60%. Escalating tensions between Ukraine and Russia sent investors rushing into safe havens such as gold and Treasurys on Tuesday. Separately, HC Wainwright upped their price objective on Galiano Gold from $4.20 to $4.60 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

Stock market today: Indexes fall as heightened Russia-Ukraine tensions weigh on markets

Like other precious metals, physical gold is regarded by some as a good way to protect themselves against the ongoing devaluation of fiat currencies and from volatile stock markets. Although we cannot predict future bullion prices, historic trends indicate that investing in gold has often made a good hedge for times when other traditional investments like stocks and shares have struggled. Articles and analysis exploring gold and its relationship with the financial markets are published on BullionVault’s Gold News each day. Additionally, once you open a BullionVault account, you can opt-in to receive the Weekly Market Update. This weekly email explores and discusses current movements in silver, platinum, palladium and gold prices and the reasons behind them.

Situated in South America, Brazil is the top producer of coffee. They produce 2,68 million metric tons of coffee on average every year. Brazil has also held onto its first-place position as the world’s largest coffee producer for over 150 years. Brazil’s climate is perfect for growing Robusta and Arabica coffee beans. It offers the right amount of rainfall and sunlight, combined with its low elevation and even year-round temperatures, this offers the perfect climate for coffee production. Colombia is renowned for producing some of the highest-quality arabica beans in the world.

Why Brazilian Coffee Dominates the Market

They are using their strengths and sustainable methods to keep the coffee industry alive and diverse. This way, they can keep satisfying the changing tastes of coffee lovers everywhere. Subida Coffee Co. is a non-profit that helps youth in the coffee industry18. This shows Honduras’ dedication to sustainable and responsible coffee production. The Café de Colombia organization speaks for the country’s coffee trade and gives back to coffee-growing areas10.

1. This means the production of unique and exciting single-origin coffees for you to try.
2. The United States, Canada, Austria and Cuba are primary export destinations.
3. These efforts aim to ensure that farmers benefit just as much as buyers, roasters and other end retailers.
4. As you appreciate coffee’s impact on the world, take time to think about its producers responsible for bringing your delicious beverage from the soil to your cup.
5. It was the first country to put in place 100 percent same-day selective harvesting, fermentation and wet-processing.

Arriving in the latter part of the 19th century, coffee in Ecuador didn’t really take off until after 1920. By this time, disease had ravaged much of the cocoa crop so many farmers moved into coffee farming instead. In 1934, the Kenyan auction system was created for the sale of coffee beans and is still used today.

List of countries by coffee production

The coffee crops grown on these farms are 70% Arabica and 30% Robusta. Despite largest producer of coffee in the world pressure to plant more high-yield varieties, Costa Rica’s focus on coffee bean quality has never wavered. And, with recent investments in small coffee processing mills, it is now possible to find micro-lot coffees from Costa Rica.

Which Country Produces the Most Coffee in the World?

Farmers grow coffee on many of the major islands that make up the Philippines. Coffee grows inland centrally on mainland Papua New Guinea in the highlands. Farmers produce coffee throughout the Malaysian peninsula and at the northernmost tip of East Malaysia (Malaysian Borneo). Robusta makes up around 95% of Vietnamese coffee, with arabica making up the remaining 5%. Arabica makes up 69% of Brazilian coffee, with robusta making up the remaining 31%.

Brazil – The Top Coffee-Producing Country in The World

Because it creates a much more pleasant brew, it has been used in recent years to promote the quality of local coffee within the country. Uganda is mainly known for its robusta coffee, which is actually superior to most robusta species found in other parts of the world. And it’s almost entirely Arabica beans that are being grown there, so they make some top quality coffee. Still, there’s some absolutely wonderful coffee being grown in India to this day. Indian coffee often has a similar flavor profile to Indonesian coffee – earthy, spicy, chocolaty and rich. While India is better known for its tea production than its coffee, they’ve actually been growing coffee for a much longer time.

Indonesia produces several types of highly sought-after specialty coffees, the most interesting of which is Kopi Luwak. Harvested from the feces of Asian palm civets, the beans have a distinctive and understandably unique flavor. The process of collecting and harvesting the beans is rather intensive, and the result is one of the most expensive coffee beans in the world. As of the 2023–2024 year, it and is expected to produce 8.35 million 60-kilogram bags. Ethiopia is the largest coffee producer in Africa and has experienced continual growth in the past three years, according to the USDA. Globally, increasing competition from producers like Vietnam and Colombia could erode Brazil’s market dominance if productivity stagnates.

It allows traders to follow the market and also uses the prior day’s trading action to guess the current day’s action. It is the same as woodie’s formula; they use the previous day’s close price and central pivot range to calculate the levels. Basically, pivot points were revealed by floor traders who worked in the equity and commodities markets. While starting the trading they have used previous days high, low, and close prices to determine the pivot for the present-day trading. A pivot point simply represents the average of an asset’s price high, price low, and it’s closing price during a specific what is the best way to invest your money market period. This is often viewed on an hourly or daily charting timeframe but traders can use any periodic time interval when trading based on pivot point analysis.

If market prices are trading above pivot point levels, the outlook for sentiment is bullish (positive) and traders are likely to target the next level of resistance. If market prices are trading below pivot point levels, the outlook is bearish (negative) and traders are likely to target the next level of support to the downside. Additionally, pivot points provide horizontal support and resistance levels across a period like a trading day. Fibonacci retracements yield diagonal dynamic levels that respond to ongoing price swings. While both indicate areas of interest on a chart, pivot points are optimized for intraday range trading while Fibonacci levels are better suited for broader directional moves.

A new pivot high with a price that remains above the resistance line suggests a breakout into an uptrend. A new pivot low with a price that remains below the support line suggests a breakout into a downtrend. During these periods of price consolidation, trend lines can be drawn on the boundaries of the pivot highs (resistance line) and lows (support line) to show price patterns. Pivots are essential for seeing when the trend changes in the opposite direction. A downtrend will have a series of lower highs and lower lows, and a downtrend line is drawn on the pivot highs.

Which pivot points are best for intraday?

There is no need to guess where to put a stop or make predictions on the future direction of price. A rectangle, or channel pattern, appears when both support and resistance lines are horizontal, as seen in both Figures 3 and Figure 5. A triangle pattern is seen when one or both of the lines are slanted, as seen in Figures 4 and 5.

The Importance of Pivot Points in Trading

Floor traders originally used a pivot point to establish important price levels, and those are now used by many traders. After analyzing data from the stock’s historical price, a pivot point is used as a guide for how the price may move. Pivot points are particularly useful in short-term trading, where the goal is to capitalize on small price movements.

Traders may set buy orders just above a pivot point level if the trend is bullish or sell orders just What is a shakeout below if the trend is bearish. However, the support and resistance levels are then calculated using Fibonacci retracement levels (38.2%, 61.8%, and 100%) around the pivot point. This is calculated as explained above, using the high, low, and closing price of the previous trading period.

Is there any other context you can provide?

Buy when the price rises above a pivot level and sell when it falls below. Using pivot points effectively involves integrating them with other market indicators and trends, especially in day trading for short-term predictions. Camarilla Pivot Point indicator systems were first introduced to the financial markets in the 1980s by Nicolas Scott. These trading systems were based on concepts that are similar to Woodies because pivot prices are based on prior-day closing prices. Remember, this is in contrast to the Standard Pivot Point system, which is based on just two price levels for resistance and two for pivot support.

1. She is looking forward to bringing her training and experience to Pivot Point.
2. With pivot points, forex traders typically use the same method for calculating them.
3. I have over 30 years of experience working directly with children with special needs.
4. For instance, the price might briefly break through a pivot level, causing a trader to open a position, only to quickly reverse and move in the opposite direction.
5. Additionally, pivot points provide horizontal support and resistance levels across a period like a trading day.
6. After acquiring the pivot levels, the trader can focus on the market trend for the day.

Place your stop loss above the pivot point level in a bearish trade and beneath the level in a bullish trade. In our trade example, stop loss order should be located below the pivot point level, as seen in the EUR/USD chart below. At this point, you’re waiting for a price reversal at the pivot point level. Your trading signal comes when either the MACD or RSI gives you a signal in the direction of the rejection. As seen in the image below, a buy signal is made when there’s a confirmation from both the RSI and MACD.

How Accurate Is the Pivot Point Trading Strategy?

Due to their popularity, the overuse of pivot points makes them self-fulfilling prophecies, leading to crowded trades and potential reversals when too many traders rely on the same levels. If more traders use the same methodology, in this case, pivot points, the accuracy of the same starts decreasing as the traders become prone to manipulation and stop hunts. Intraday traders prefer pivot points because they provide Trading plattform significant potential support and resistance levels throughout the day. Having key levels identified ahead of time allows intraday traders to plan ahead, set alerts, and be ready to react swiftly to price-reaching pivots.

Therefore, they will typically provide levels to watch for compared to pivots or pivot points. To get a wrap of what support and resistance levels are in the market, let us refresh our mind briefly on a basic economic principle – demand and supply. While pivot points can provide insight into potential future price movements, they are unable to predict major market changes. Fibonacci pivot points are a variation of the standard pivot points that integrate Fibonacci levels. The central pivot point (P) is calculated in the same way as the standard pivot point.