TRADING STRATEGY page 4

Bill Williams indicators are familiar to all traders in the world. They are included in every terminal and are the basic tools for technical analysis of the forex market. Their popularity is due primarily to the fact that they were invented by Bill Williams — a successful trader, who created an entire financial institution. In addition, Mr. Williams became known to the participants of the foreign exchange market for his work "Trading Chaos".

The use of algorithms in trading (algotrading) is a trend of the last decades, which has changed the market in many ways. Any automatic system can easily surpass a human in speed, productivity, and endurance, while it would be almost impossible to compete with a machine.

All novice traders are in search of the perfect strategy: simple, win-win, and not requiring a large initial investment. Some end up with the Martingale strategy, which is what we will talk about today. Is it as simple as it looks? Is it profitable for beginners or is bankruptcy more likely? Is it even worth applying it to the forex market?

The forex market, like other financial markets, has its nature. The use of trend lines, horizontal levels, and candlestick patterns are the basis of price movement analysis, but they are often not enough to find good signals to open trades, especially during a flat. Every kind of asset, whether it is a stock, a bond, or, in our case, a currency, moves in different ways.

Every trader understands that changes in the rate of financial assets can bring good profits as well as serious losses. That is why the ability to predict the future movements of the market, which allows for making the right trading decisions, is so valued. Technical analysis instruments, which help to identify the patterns on charts, assist in this. One of the most effective methods is the Elliott Waves based on the study of crowd psychology, the essence of which we will consider in this article.

The On Balance Volume indicator is integrated into the standard package of Meta Trader terminal algorithms, so it is available to all users of this program. The tool is designed to determine the balance volume of the market. It is a dynamic algorithm that constantly changes its readings depending on the price of the trading asset and total market volumes. Let's consider in detail the principle of work of OBV indicator, signals, and ways of trade on its basis.

In forex trading, a lot of attention is paid to analyzing the behavior of a single asset. A trader opens a chart and watches how the price moves. This, of course, is useful, but there is another way to work in this market - the correlation of currency pairs. Simple mathematics can significantly improve your trading system. Read the article and your curiosity will pay off. What is Correlation in Forex Correlation is the relationship between price movements of compared assets.

Right before opening trades on the forex market, every trader carries out a technical analysis of the chart. It is necessary to find the most profitable market entry points and use them most effectively. In fact, at this stage, the user sets a vector for all their future actions. Using the information obtained in market analysis, the user can choose the best trading strategies and ways to implement them.

Russia's invasion of Ukraine has pushed oil prices to their highest level since 2008 and raised fears of "stagflation," writes Business Insider. We are now seeing a surge in the prices of oil, gas, wheat, and base metals, dashing hopes for a strong (and soon) global economic recovery. Oil hit its highest level since July 2008, raising investor fears of "stagflation," a dangerous combination of high inflation and a stagnant economy - low or even negative growth.

Forex trading is one of the most promising activities for those who want to have a source of income, independent of crises, quarantines, and other restrictions. In the foreign exchange market, some assets are always getting cheaper, others are getting more expensive, and every time you can make money on exchange rate fluctuations from the comfort of your home. All you need for forex trading is a computer, the Internet, some knowledge about trading fundamentals, and an account at a brokerage company. Today, we will learn what steps you should take to start trading forex.