If you think about it, banks control almost every dollar that is spent in the world. Cash is a dying payment method being replaced with the tap of a phone, swipe of a magnet, and push of a button on an app Each of those pulls the money from your bank and puts it into someone else's. Even on payday, unless you’re working under the table for a nice cash gig or serving food for tips, your main income is a paycheck you put in the bank or an electronic transfer of funds. But, what do banks have to do with FOREX?
By Brigette Dumas
Have you ever been trading around 5 PM eastern time and had your platform freeze up? Or have you triggered stop losses due to astronomical spreads? Welcome to daily maintenance!! Daily maintenance is something every trader has probably experienced, even if they may not have realized it. If you trade for Apiary, it is at 5:00-5:09 PM Eastern Time. And if you've never looked like the guy below during that time, you're one of the luck ones...
"Today, the Fed is the star-rushing the field with new and exotic games of finance: Quantitative Easing, the Greenspan Put, and entirely possible Negative Interest Rates in the future. All this because the executive and legislative branches seem unwilling to take responsibility for the budget." -Shawn Lucas
7. “Judge me by my size, do you?” The Empire Strikes Back
Yoda may not look like a formidable foe, but that’s a little green guy you do not want to mess with! This quote is from when Yoda explains to Luke Skywalker that while he might be small, he is an ally to the Force-which is strong and flows through everything. The Force is power, and when a Jedi can feel the Force surrounding them and connecting them to something as trivial as the trees in the forest or the rocks resting in the swamp, then they become powerful as well.
Before developing trading skill, a Forex trader must master money management. How are we supposed to grow our capital if we don’t learn to protect it first?
One of the neat things about trading Forex is that you can do it from anywhere. As long as you have a computer and a solid internet connection, it doesn't matter where in the world you happen to be; you can log on and make some pips. That being said, because of this global market, it can be tricky getting the timing right.
While viewing a chart, you are actually looking at two different prices: a historical price and a current price.
A fresh chart on Apiary Fund's Alveo trading platform initially shows historical data.
Once a chart is open, Alveo starts receiving “Current Price” data from our “Quote Server.” Apiary Fund has multiple liquidity providers who send their current price quote to our Quote Server which collects and organizes the different quotes, finds the best price, then broadcasts it to your computer. The quote servers feeding Alveo are built to send every quote they receive into the platform.When you first open a chart to trade, you won't have instant access to the current prices. Instead, the chart is back filled with historical data, or previous movements of price action. In Alveo, we fill the chart with data from our "Historic Data" server.
In this article we are going to discuss non-directional markets, their sources as well as what to do with them. First, however, we need to define them.
So what is a non-directional market?
Imagine you're trading the EUR/USD. After you perform some market analysis, you belive that the currency pair is going to strengthen so you go long on the EUR/USD. Another day, you might believe that it is going to drop, so you would short the currency pair. These would be an example of directional trading because the trader is taking a fairly confident stance on which direction the trend is going to go. In non-directional markets, you'll notice that the trend doesn't take a clear stance; rather, it moves sideways.