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|ADM Investor Services||No API|
|Ally Invest||Does not support futures instruments|
|Alpaca||Only supports US Equities|
|Alpha Vantage||Does not support futures instruments|
|AMP||Broker with a huge number of platforms available including some with APIs|
|Arcade Trader||No API|
|AvaTrade||Does not support futures instruments|
|Backtrader||Not a data feed; otherwise looks cool but also looks like a one-man shop|
|Cannon Trading||Broker with a variety of platforms, some have API access such as TT|
|Charles Schwab||API does not support futures instruments|
|Daniels Trading||No API|
|Discount Trading||Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs|
|Edge Clear||Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs|
|Eroom||Now part of Dashprime. Offer a variety of APIs including CQG, TT, CBOE's Silexx, and others via FIX.|
|ETNA Trader||Only supports equities, options (including multi-legs), ETFs, Mutual Funds (Forex with cryptocurrencies coming soon)|
|ETrade||API seems robust but OAuth authorization needs to be refreshed via login once per 24 hours|
|Futures Online||No API|
|Gain Capital Futures||API available, based on .NET; unsure if they are open to retail clients|
|GFF Brokers||Broker with a large number of platforms including some with API access|
|High Ridge Futures||Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs|
|iBroker||API available; contact them for more info|
|IEX Cloud||Looks great but does not support futures instruments|
|Infinity Futures||JSON API available; contact them for more info|
|Interactive Brokers||Client Web API looks promising if clunky|
|Intrinio||Supports futures instruments but is expensive|
|Lightspeed||C++ API available|
|marketstack||API for equities available. Does not support futures instruments.|
|Medved Trader||Windows app with a streaming API to various data sources and brokers. See comment below about API beta access.|
|NinjaTrader||Does not support futures options|
|Norgate Data||Not a broker; supports futures data for $270/year|
|Oanda||Forex only; API last updated in 2018|
|Optimus Futures||Broker with a large number of available platforms including some with API access|
|Phillip Capital||Broker with a large number of available platforms including some with API access|
|polygon.io||Expensive but looks slick; does not support futures instruments|
|Quandl||API looks solid; $49/monthly for personal use, does not allow distributing or sharing data; not a broker|
|Quantconnect||Does not expose raw data|
|Quantopian||Does not expose raw data|
|Quantower||Software that connects to multiple brokers and data feeds; API to their software via C# interface|
|Saxo Markets||Broker with extensively documented API|
|Stage 5 Trading||API available through Trading Technologies|
|Straits Financial||Broker with several platforms available including some with APIs such as CQG, R|
|Sweet Futures||Broker with a large number of available platforms including some with API access|
|TastyWorks||There's an unofficial Python API|
|TenQuant.io||Does not support futures instruments|
|ThinkorSwim||Does not support futures instruments via the API|
|Tiingo||Free account tier but does not support futures instruments|
|TradePro||Broker with a number of platforms available; unclear if any are available with API access|
|Tradier||Free developer API account for delayed data but does not support futures instruments|
|TradeStation||Nice looking API docs and supports futures instruments; requires opening an account and a minimum balance of $100k and there’s no trial available|
|TradeFutures4Less||Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs|
|TradingTechnologies||API looks robust; pricing starts at $700/month|
|TradingView||Does not expose data API|
|Tradovate Technologies||API exists, documentation unknown; need to talk to their account team|
|Wedbush Futures||Broker with several platforms offered, a few of which have API access|
|WEX||.NET/COM only; pricing not disclosed on website|
|Xignite||Pricing not disclosed on website but they do support futures instruments|
|Yahoo Finance API||Available through RapidAPI or via direct access; but it’s discontinued and unreliable|
|Zaner||Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs|
It has been more than a year, people started investing in cryptocurrencies as a Secondary earning method. Some people's main earning base is investing. There will be a common wording - "Never Invest in Something You Don’t Understand". So it's mandatory to have basic ideas about cryptocurrency, Fiats, and Investment before jumping into the digital world. Actually, it's a vast field, you can't complete it. But you can learn enough to find your feet.submitted by kirhyip to u/kirhyip [link] [comments]
What is Cryptocurrency?
We can say simply as digital currencies that are of codes. A cryptocurrency is not owned or backed by any government or country. A cryptocurrency is a new form of digital asset based on a network that is distributed across a large number of computers. Mainly they are decentralized networks maintained using blockchain technology. I.e Distributed ledger. You can call it Money that was created by the people for them and they are controlling it. Many Governments and legal authorities are against cryptocurrency as they have many advantages over regular currencies.
What are Fiat Currencies?
Currencies that are owned and controlled by any government are called FIAT currencies. Some of the well known Fiat currencies are USD(United States Dollar), GBP(Great Britain Pound or Sterling Pound), AUD(Australian Dollar), CNY(Chinese Yen), JPY(Japanese Yen), INR(Indian Rupee), etc.,
FIATs always lacking in the characteristics of sound money. Cryptocurrencies fill almost all gaps. As there are many advantages, the main thing is it's not controlling by any third party sources. Every transaction is made ledger and made available to all users.
Investment based on Cryptocurrency
One can invest Fiat currency as well as cryptocurrency, there will be a fixed profit for them and variable profit for them as per the investment platform they choose. As an investor, you have to select the best platform for your investment. You have to be aware of a scam as well as a real platform that gives you promised profit. Always we have to keep in mind that successful investing is about managing the risk, you have to be ready to face the risk too. There many easy go investment platforms that are helping to attain certain profit over the market. Even you don't have the knowledge about trading, exchange; investing in a proper platform will give you profit. There are multiple ways where you can invest in cryptocurrency and earn more. Some of the well known facts are HYIP investment platforms, peer to peer Exchange platforms, Forex trading using signals also now some newly trended cryptocurrency investment script like PAMM managers, Copy Trading and Auto Trading. There is a wide range of cryptocurrency based opportunity available, choosing the right platform with complete security and risk management is a wise choice. Now there are more opportunities available to start a new investment platform on your own. If you wanna be an entrepreneur, you can choose one among the Ready to use investment software and run your own website. Finally, If you don't find a way to earn while sleeping, you will work until you die!
submitted by kayakero to makemoneyforexreddit [link] [comments]
Forex Signals - TOP Best Services. Checked!To invest in the financial markets, we must acquire good tools that help us carry out our operations in the best possible way. In this sense, we always talk about the importance of brokers, however, signal systems must also be taken into account.
The platforms that offer signals to invest in forex provide us with alerts that will help us in a significant way to be able to carry out successful operations.
For this reason, we are going to tell you about the importance of these alerts in relation to the trading we carry out, because, without a doubt, this type of system will provide us with very good information to invest at the right time and in the best assets in the different markets. financial
Within this context, we will focus on Forex signals, since it is the most important market in the world, since in it, multiple transactions are carried out on a daily basis, hence the importance of having an alert system that offers us all the necessary data to invest in currencies.
Also, as we all already know, cryptocurrencies have become a very popular alternative to investing in traditional currencies. Therefore, some trading services/tools have emerged that help us to carry out successful operations in this particular market.
In the following points, we will detail everything you need to know to start operating in the financial markets using trading signals: what are signals, how do they work, because they are a very powerful help, etc. Let's go there!
What are Forex Trading Signals?https://preview.redd.it/vjdnt1qrpny51.jpg?width=640&format=pjpg&auto=webp&s=bc541fc996701e5b4dd940abed610b59456a5625
Before explaining the importance of Forex signals, let's start by making a small note so that we know what exactly these alerts are.
Thus, we will know that the signals on the currency market are received by traders to know all the information that concerns Forex, both for assets and for the market itself.
These alerts allow us to know the movements that occur in the Forex market and the changes that occur in the different currency pairs. But the great advantage that this type of system gives us is that they provide us with the necessary information, to know when is the right time to carry out our investments.
In other words, through these signals, we will know the opportunities that are presented in the market and we will be able to carry out operations that can become quite profitable.Profitability is precisely another of the fundamental aspects that must be taken into account when we talk about Forex signals since the vast majority of these alerts offer fairly reliable data on assets. Similarly, these signals can also provide us with recommendations or advice to make our operations more successful.
»Purpose: predict movements to carry out Profitable OperationsIn short, Forex signal systems aim to predict the behavior that the different assets that are in the market will present and this is achieved thanks to new technologies, the creation of specialized software, and of course, the work of financial experts.
In addition, it must also be borne in mind that the reliability of these alerts largely lies in the fact that they are prepared by financial professionals. So they turn out to be a perfect tool so that our investments can bring us a greater number of benefits.
The best signal services todayWe are going to tell you about the 3 main alert system services that we currently have on the market. There are many more, but I can assure these are not scams and are reliable. Of course, not 100% of trades will be a winner, so please make sure you apply proper money management and risk management system.
1. 1000pipbuilder (top choice)Fast track your success and follow the high-performance Forex signals from 1000pip Builder. These Forex signals are rated 5 stars on Investing.com, so you can follow every signal with confidence. All signals are sent by a professional trader with over 10 years investment experience. This is a unique opportunity to see with your own eyes how a professional Forex trader trades the markets.
The 1000pip Builder Membership is ordinarily a signal service for Forex trading. You will get all the facts you need to successfully comply with the trading signals, set your stop loss and take earnings as well as additional techniques and techniques!
You will get easy to use trading indicators for Forex Trades, including your entry, stop loss and take profit. Overall, the earnings target per months is 350 Pips, depending on your funding this can be a high profit per month! (In fact, there is by no means a guarantee, but the past months had been all between 600 – 1000 Pips).
>>>Know more about 1000pipbuilder
Your 1000pip builder membership gives you all in hand you want to start trading Forex with success. Read the directions and wait for the first signals. You can trade them inside your demo account first, so you can take a look at the performance before you make investments real money!
VISIT 1000ipbuilder here
2. DDMarketsDigital Derivatives Markets (DDMarkets) have been providing trade alert offerings since May 2014 - fully documenting their change ideas in an open and transparent manner.
September 2020 performance report for DD Markets.
Their manner is simple: carry out extensive research, share their evaluation and then deliver a trading sign when triggered. Once issued, daily updates on the trade are despatched to members via email.
It's essential to note that DDMarkets do not tolerate floating in an open drawdown in an effort to earnings at any cost - a common method used by less professional providers to 'fudge' performance statistics.
Verified Statistics: Not independently verified.
Price: plans from $74.40 per month.
Year Founded: 2014
Suitable for Beginners: Yes, (includes handy to follow trade analysis)
3. JKonFXIf you are looking or a forex signal service with a reliable (and profitable) music record you can't go previous Joel Kruger and the team at JKonFX.
Trading performance file for JKonFX.
Joel has delivered a reputable +59.18% journal performance for 2016, imparting real-time technical and fundamental insights, in an extremely obvious manner, to their 30,000+ subscriber base. Considered a low-frequency trader, alerts are only a small phase of the overall JKonFX subscription. If you're searching for hundreds of signals, you may want to consider other options.
Verified Statistics: Not independently verified.
Price: plans from $30 per month.
Year Founded: 2014
Suitable for Beginners: Yes, (includes convenient to follow videos updates).
The importance of signals to invest in ForexOnce we have known what Forex signals are, we must comment on the importance of these alerts in relation to our operations.
As we have already told you in the previous paragraph, having a system of signals to be able to invest is quite advantageous, since, through these alerts, we will obtain quality information so that our operations end up being a true success.
»Use of signals for beginners and expertsIn this sense, we have to say that one of the main advantages of Forex signals is that they can be used by both beginners and trading professionals.
As many as others can benefit from using a trading signal system because the more information and resources we have in our hands. The greater probability of success we will have. Let's see how beginners and experts can take advantage of alerts:
»Trading automationWhen we dedicate ourselves to working in the financial world, none of us can spend 24 hours in front of the computer waiting to perform the perfect operation, it is impossible.
That is why Forex signals are important, because, in order to carry out our investments, all we will have to do is wait for those signals to arrive, be attentive to all the alerts we receive, and thus, operate at the right time according to the opportunities that have arisen.
It is fantastic to have a tool like this one that makes our work easier in this regard.
»Carry out profitable Forex operationsThese signals are also important, because the vast majority of them are usually quite profitable, for this reason, we must get an alert system that provides us with accurate information so that our operations can bring us great benefits.
But in addition, these Forex signals have an added value and that is that they are very easy to understand, therefore, we will have a very useful tool at hand that will not be complicated and will end up being a very beneficial weapon for us.
»Decision support analysisA system of currency market signals is also very important because it will help us to make our subsequent decisions.
We cannot forget that, to carry out any type of operation in this market, previously, we must meditate well and know the exact moment when we will know that our investments are going to bring us profits .
Therefore, all the information provided by these alerts will be a fantastic basis for future operations that we are going to carry out.
»Trading Signals made by professionalsFinally, we have to recall the idea that these signals are made by the best professionals. Financial experts who know perfectly how to analyze the movements that occur in the market and changes in prices.
Hence the importance of alerts, since they are very reliable and are presented as a necessary tool to operate in Forex and that our operations are as profitable as possible.
What should a signal provider be like?https://preview.redd.it/j0ne51jypny51.png?width=640&format=png&auto=webp&s=5578ff4c42bd63d5b6950fc6401a5be94b97aa7f
As you have seen, Forex signal systems are really important for our operations to bring us many benefits. For this reason, at present, there are multiple platforms that offer us these financial services so that investing in currencies is very simple and fast.
Before telling you about the main services that we currently have available in the market, it is recommended that you know what are the main characteristics that a good signal provider should have, so that, at the time of your choice, you are clear that you have selected one of the best systems.
»Must send us information on the main currency pairsIn this sense, one of the first things we have to comment on is that a good signal provider, at a minimum, must send us alerts that offer us information about the 6 main currencies, in this case, we refer to the euro, dollar, The pound, the yen, the Swiss franc, and the Canadian dollar.
Of course, the data you provide us will be related to the pairs that make up all these currencies. Although we can also find systems that offer us information about other minorities, but as we have said, at a minimum, we must know these 6.
»Trading tools to operate betterLikewise, signal providers must also provide us with a large number of tools so that we can learn more about the Forex market.
We refer, for example, to technical analysis above all, which will help us to develop our own strategies to be able to operate in this market.These analyzes are always prepared by professionals and study, mainly, the assets that we have available to invest.
»Different Forex signals reception channelsThey must also make available to us different ways through which they will send us the Forex signals, the usual thing is that we can acquire them through the platform's website, or by a text message and even through our email.
In addition, it is recommended that the signal system we choose sends us a large number of alerts throughout the day, in order to have a wide range of possibilities.
»Free account and customer serviceOther aspects that we must take into account to choose a good signal provider is whether we have the option of receiving, for a limited time, alerts for free or the profitability of the signals they emit to us.
Similarly, a final aspect that we must emphasize is that a good signal system must also have excellent customer service, which is available to us 24 hours a day and that we can contact them at through an email, a phone number, or a live chat, for greater immediacy.
Well, having said all this, in our last section we are going to tell you which are the best services currently on the market. That is, the most suitable Forex signal platforms to be able to work with them and carry out good operations. In this case, we will talk about ForexPro Signals, 365 Signals and Binary Signals.
Forex Signals Reddit: conclusionTo be able to invest properly in the Forex market, it is convenient that we get a signal system that provides us with all the necessary information about this market. It must be remembered that Forex is a very volatile market and therefore, many movements tend to occur quickly.
Asset prices can change in a matter of seconds, hence the importance of having a system that helps us analyze the market and thus know, what is the right time for us to start operating.
Therefore, although there are currently many signal systems that can offer us good services, the three that we have mentioned above are the ones that are best valued by users, which is why they are the best signal providers that we can choose to carry out. our investments.
Most of these alerts are quite profitable and in addition, these systems usually emit a large number of signals per day with full guarantees. For all this, SignalsForexPro, Signals365, or SignalsBinary are presented as fundamental tools so that we can obtain a greater number of benefits when we carry out our operations in the currency market.
submitted by benebit to CryptocurrencyICO [link] [comments]
PrimeXBT is a cutting-edge trading platform that bridges the gap between the cryptocurrency and traditional asset markets, providing a range of advanced tools and features for the optimization of the way its users trade and invest.
As well as this, PrimeXBT provides a safe and secure environment that is fully compliant with AML and KYC, and that uses advanced bank-grade security features in order to protect the funds of its users.
We're taking a look at the 5 best features of PrimeXBT in 2020, beginning with a look at what PrimeXBT actually is and the growth of PrimeXBT, before looking at the top 5 features that users at the platform enjoy.
What is PrimeXBT?
PrimeXBT is the world's leading multi-asset margin trading platform and after launching in 2018 with a waiting list of more than 150,000 traders, PrimeXBT has rapidly grown over the past 2 years to today managing up to $2 billion worth of global trade every day.
PrimeXBT's reputation is built around the provision of advanced tools and features that are unique throughout the market and that provide powerful opportunities for traders and investors to reduce the risk and to improve the outcomes of their trading activities.
PrimeXBT lists a wide range of cryptocurrencies and traditional assets, provides industry leading margin trading, and packs some of the most advanced security features used in the market into its platform as well.
The Growth of PrimeXBT
What Distinguishes PrimeXBT from Other Platforms?
While there are many trading platforms that provide margin trading in 2020, PrimeXBT provides a safer and more secure environment for cryptocurrency and traditional asset margin traders.
Unlike many other platforms which have been hacked over the past few years, PrimeXBT has a clean security track record and has never been hacked, protecting its users with advanced features.
As well as this, PrimeXBT is considered to be one of the most innovative trading platforms in the cryptocurrency industry, integrating a range of next generation tools and features into its services and providing new ways of trading and investing for the cryptocurrency market.
5 Best Features of PrimeXBT:
Lowest Fees of Any Major Crypto Platform
Since its launch, PrimeXBT has provided the lowest trading fees on the market with a flat rate of just 0.05% applied to all trades, irrespective of the size of the trade or the asset class being traded.
While some of the major trading platforms provide lower fees than the average, PrimeXBT's fees are significantly lower than any other platforms and up to 10 times lower than the most expensive platforms to use.
This has ensured that PrimeXBT’s traders and investors are able to minimize the cost of trading by using the platform, and to maximize the revenue that they generate in the market.
Powerful and Reliable Platform
PrimeXBT is a powerful and reliable platform that packs a range of professionally-engineered tools and technologies into its systems, ensuring that traders can engage with the market in the most effective way possible.
Perhaps the best example of this is PrimeXBT’s trading engine which is strong and robust and that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms.
By providing a combination of ensuring high liquidity on all trading pairs as well as providing powerful trading tools, PrimeXBT ensures that there is minimum slippage on the platform and optimal entry and exit points as well.
Covesting For Reduced Risk and Crypto Copy Trading
PrimeXBT provides access to the only form of copy trading available in the cryptocurrency space following the integration of covesting into its systems in a partnership with leading crypto copy trading platform, Covesting.io.
Covesting allows traders and investors to partner together and to collectively maximize their safety in the market while reducing risk and improving the collective outcomes in the process.
Covesting is a revolutionary new way for cryptocurrency traders to engage with the market and is one of the fastest growing trends in 2020.
AML/KYC Compliance for Safe Trading
PrimeXBT uses Bitfury Crystal's AML compliance software and blockchain monitoring tool set on all incoming transactions to the platform in order to ensure full AML compliance and safety for all users on PrimeXBT.
PrimeXBT also restricts citizens from problematic jurisdictions with users confirming their country of residence in order for KYC compliance throughout the platform to be achieved.
Using this system, Primax PT not only ensures that it is fully AML/KYC compliant, but also that it is able to monitor and manage transactions that may be fraudulent in real-time throughout the platform.
Widest Range of Assets in the Market
One of the major draw cards of using PrimeXBT is that it provides one of the widest ranges of different assets in the market with a range of leading cryptoassets as well as some of the world's top traditional assets as well.
PrimeXBT lists a range of cryptocurrencies that include BTC, ETH, XRP, LTC, and EOS, as well as a range of traditional assets like stock indices such as the S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD, and commodities such as gold and oil.
Traders and investors are able to use PrimeXBT as a bridge between the crypto assets and traditional asset markets, reducing the cost of trading between them, as well as dramatically increasing the efficiency of multi-asset trading in the process.
What is the Future of PrimeXBT?
In a very short amount of time of just 2 years, PrimeXBT has gone from launching with a waitlist of more than 150,000 traders to today managing up to $2 billion worth of global trade every day.
If the trajectory of growth for PrimeXBT continues it will no doubt see the platform expanding into a range of different areas of online financial trading, and will see the platform become one of the largest trading platforms to ever be in operation.
Over the past 2 years, PrimeXBT's reputation has only grown in strength and we would expect to see this continue as it integrates more safety and security features into its services and increases its compliance with AML and KYC globally.
PrimeXBT has grown to become one of the world's leading crypto trading platforms, and provides access to some of the world's leading cryptoassets as well as many of the world's leading traditional assets as well.
PrimeXBT has provided a range of different advantages to its uses, with these essentially boiling down to powerful opportunities for more success in global markets as well as increased security and safety in comparison to other platforms.
If you would like to learn more about PrimeXBT, and about the tools and features available on the site, check out this link.
submitted by kayakero to makemoneyforexreddit [link] [comments]
How to trade Forex and be profitableHello and thank you for being here again!
In this article I want to show you how I structure my operations by trading in the currency market. If it can give you ideas or help you in your process, the objective of this post will be more than fulfilled. I will try to be as clear and direct as possible. I'll go point by point:
1. How to trade the Forex MarketFocusing on the basics and keeping it simple. Let me explain, you don't have to rely on hyper-complex strategies, use the software that PETA it and put it on the server next to your broker ... you don't have to be the best programmer, much less get dirty on the graphics of your platform to win money in Forex.
You need systems. The systems work. Results-oriented companies and work methods are systems-based. You should start applying and creating systems because they will allow you:
2. Intraday or swing trading in Forex?This question is an interesting question and I make a small indent if you are just starting out. Swing trading are operations that usually last several days and when we talk about intraday or day trading we refer to operations that are closed on the same day.
Well, which one then? Like everything in life, it depends (we are). You have to learn that there is no “best for all”. In my case I combine both operations because I dedicate myself full time to this, but if you are just starting out or are one of the people who get stressed out with trading, I recommend that you focus on swing trading.
As you consolidate here you can start to scale and seek to diversify by doing intraday. But again, this is just something that I recommend based on my own experience and from people I have known over the years.
3. Automatic or Manual Forex TradingNot all automated Forex trading systems are a panacea, nor are all discretionary or manual systems bad. Stop looking at it like that, we're only talking about execution. This is precisely why I am opting for automated execution. We could talk at length about this and if you find it interesting I can dedicate an article just to it. But think that automation is just how strategy is carried out. Whether this is a winner or a loser is the basis of everything.
Automating a losing strategy does not make it a winner, it is only about applying strategies that are profitable and ensuring that they are executed in the best way (in manual we always cheat alone).
4. Is analysis the key to Forex trading?Many people think that technical analysis is the key to beating the market and defend it to the last consequences. The same happens with those who think that the only way to make money in the foreign exchange market is through fundamental analysis.
So what really works? What really works and you can check. What good is it if you tell me that this or the other is the best method if you haven't even sat down to draw numbers. Many times it is not with what, but how. That is, they can be different valid methods if they are done well. But for this you need statistics of what you are doing.
>>>Recommended Forex Broker: Plus500 - Visit official website<<<
5. Learn to create robust trading strategiesLet's first see what a robust trading strategy is all about. As traders, we know what has happened in the past, but we don't know what will happen in the market tomorrow. That is why we need systems that are well adapted to changing market circumstances.
How can we know systems adapt well to alterations in the spread, prices ...? Simulating those alterations, something like simulating those conditions and seeing how they behave. There are different tests for this such as: Walk Forward test, Montecarlo, and Multimarket.
These tests give us an idea of how robust our created trading system is and give us a reference. Be careful, I said reference, not absolute truth. Then we will test them, our goal is to leave as little space as possible to chance.
6. Best Forex Trading StrategiesYou may be wondering how you are going to manage to create profitable strategies and start with all this. Calm down, there are tools for this, but the important thing here is that you know that the strategies that tend to be more stable over time and give better results are:
6.1. Trading strategies with very simple entry and exit criteriaThe opposite of what you may have been told. The simpler our Forex trading systems are, the more likely they will continue to work overtime. I have seen this myself and I know it first hand.
Also, which is more likely to stop working, a system based on six indicators or a system based on one or two? That six indicators continue to give results for years and years is not easy. Instead, only one or two are more so. Still, trading systems should always be supervised.
6.2. Systems with a not very high number of operations or tradesSometimes when we become obsessed with being in the market constantly making gazillions of trades, we are giving our broker money and taking it out of our pocket. More is not better in trading, better is better. This is about getting the most money with the least risk, not giving it to your broker.
6.3. Strategies with a controlled return/riskYou see a strategy, you look at its profit in the last months and years and you are already thinking about connecting it. Error, always look at the return associated with the drawdown. The drawdown of your system is, in short, the maximum consecutive drop it has had. Because it is important? Because if that fall has occurred in the past, it can happen again (and bigger, believe me). Now you may be thinking, what if this happens to me?
Next, I will explain it to you, but first an example of a system that meets all these characteristics (so you can see that it is simpler than it seems:
Here more statistics:
7. Establish connection and disconnection rules for your systemsAll methods of trading sound great. The problem is when they start to lose. Some tell you that you have to continue, that the system is the system… But what if the system is stopping working? After all, we live in a changing world and our money is not infinite.
The reality is that many people do not know how to determine when the system is failing or when this happens because they are applying it incorrectly. If you execute the strategies in an automated way you are already saving this, then what you need is a rule to deactivate your strategies at a certain point. To do this, it is enough to monitor them with platforms such as Bluefox or Myfxbook to know what the performance of each is.
8. Diversify in ForexIf we deactivate a Rubén strategy, we stop trading. Not if you activate another that has been doing it well. It is not about you running a Forex trading system or two, it is about having different systems: the best in real and a demo base created that you can include in your real account when you deactivate one because their performance has dropped.
You can diversify by you I frame (temporality time) on assets (currencies) or types of systems (trend, mean reversion ...).
The objective of diversifying is to seek a more stable return, many people do for this is to introduce many systems without more, if you do this you will achieve the opposite, you will be increasing the risk.
9. What currencies to trade on ForexI recommend that you focus on the majors or major currency pairs, especially if your broker has a high spread, as it is usually lower on these. One of the advantages of automating is that you can scale your trading and do it in different currencies, diversifying as I said before. These are the assets that I have traded in recent months:
It starts with being profitable with a few (one or three assets) and as you evolve you can grow your portfolio.
10. Why invest (only) in ForexI will not be the one to tell you that you should invest in Forex and not in another market. Each one belongs to his father and mother and has its good and not so good things. Of course, one thing is clear, wherever you do it, remember the power of specialization. There are traders who focus on one or two assets and they are profitable. In the end, that's what it's all about, isn't it?
This operation can be extrapolated to different assets such as raw materials, indices and cryptocurrencies. Yes, cryptocurrencies too. In fact, my operations are mainly based on currencies and cryptocurrencies (85% in the first group and 15% in the second). But I have to say that cryptocurrency trading has given me a pleasant surprise this year.
Again, if you are starting, do not do it with many assets or you will saturate yourself. Start step by step and diversify as you evolve. Jack of all trades, master of none.
11. Steps to trade Forex RedditIf you've gotten this far, it may not be entirely clear to you how the hell I trade, then I'm going to summarize it in steps:
12. How to start trading Forex Reddit as a professional trader (without knowing how to program)But Rubén, I haven't studied computer science and I'm not particularly good at math. Don't worry if you don't know how to program, it is possible to do all this using tools that will do it for you. For years I have programmed my own systems myself and that's fine, but now I'm concentrating on managing them and getting the most out of them. Do not think that this is the robot that will make you earn millions of euros while you drink the gin and tonic on the beach.
We will read soon with new posts about trading, Forex, cryptocurrencies, platforms ...
To start trading, open an account on Plus500, one of the leading Forex brokers: Click Here
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