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The Fibonacci Time Projection analysis involves selecting a “decent” and a “strong” swing movement of the asset for a given time. This swing movement may be selected on a simple criteria also like by taking Two High + Two Lows Or by taking One High + One Low but the size of the swing should be a decent one.

While the Fibonacci Time Projection is quite common and its rules are clear, the Fibonacci Spiral strategies can be  used in different ways. That is why some traders may have very accurate results from the Fibonacci Spiral, for example, institutional traders, while others may not succeed with it. Let’s have a closer look what is the Fibonacci Spiral in Forex.

Fibonacci Spiral

To make the Fibonacci Spiral, you should first pick up a Starting Point. It is up to you what point to choose. Then you calculate the key Fibonacci ratios for the certain key price levels of the market. Let’s consider the example. Fibonacci Ratios can be calculated as follows.

We take the ratio of two successive numbers in Fibonacci series (1, 1, 2, 3, 5, 8, 13 and so on) and divide each by the number before it. Finally we have got the following series of numbers:

Selecting the starting point is however a difficult task. Basically, we select some very strong support/resistance level, which is very obvious and then we expand our spiral from that point with the help of Fibonacci ratios. Now after drawing our Fibonacci Spiral, we are able to forecast the critical price levels on the chart, where the major market events like price reversals, huge spikes etc. are highly expected. So we can forecast the movement of the market at certain times using the intersection of the spiral with the chart grid.

Thus, with the help of Fibonacci Spiral, we can find an optimal relation between the price and the time and can effectively and efficiently predict the crucial volatility levels of the market. Every point on the Fibonacci Spiral gives us an intersection of some particular price and time. The market shows a significant activity at those intersection points and the spiral keeps guiding us about this as it also keeps growing on the same path with the time.

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This period of comprehension for a trader is also a period, when first emotional troubles take place:

1. Greed: need to return all that is lost as soon as possible. To do that, a trader spares no expenses refilling account with an incredible speed and depending on material conditions of a trader amounts vary from tiny to big capitals;

2. Gambling passion: opening trades without accounting for risks hoping for a quick profit;

3. Fear of getting loss: Stops are not put or shifted along movement of price;

4. Self-reproach: every loss causes unbearable tortures and pain, trader blames themselves in all “mortal sins”;

5. Fear of opening trade: it is the last psychological frontier for this stage, after which trader understands about the necessity of looking for own trading system.

The second stage is selecting appropriate system among plenty of trading systems simply flooding the Internet space.

After the first failures the verdict is made about a poor performance of this system, and switching to the next system takes place and so long until an understanding comes that you cannot jump from system to system, whereas you need to select the one and adopt it. That is the most favorable point in trader's way, because while search is coming, trader bears all psychological aspects easily. Finally trading system is found and is improved as a trader thinks. Now they are set to work.

In the end of the day third stage comes. 

Here is a wise in experience trader and not a freshman they used to be. Depending on individual characteristics, a trader is successfully reaping fruits of their experience that were not easy to get and is enjoying gained profit during the period from a couple of months to few years. And by some moment trader relaxes as it was on the first stage. Gradually the same emotional troubles return but already transformed or hidden. If on beginning stage one can cope with them, at this stage it is not easy. Trader does not understand at once, why success turns into series of failures.

At this stage, a malicious jest is made by the skill to get losses: trader easily takes results no matter if it is loss or profit. 

To avoid a full collapse and returning to the first stage, you need to elaborate a rule code for yourself that must be daily observed. The first sign must make you reconsider trading method without waiting until it is too late and everything has to be started over.

These rules are similar to all traders, but the right formulation is based on individual characteristic. Resilience brings trader 90% of success, whereas vision of market is 10% of it. There are no loss-making trading system there is an “emotion”, at which you enter market. No matter how successful you are in price forecast, but until you manage to get resilience it won't be your profit guarantee. Be ready that time is cyclical and everything will return in a certain period. You must be ready to it.

Having coped with your “self” once, further you will be able to identify the problem.

Suppose you have $500 of capital and you are trading. You took a high risk and thus you have lost $200. What finally remained is $300, you get frustrated and open again with an even more risky trade. Again you lose and come to $100. 

By following the same pace, you will end with zero balance. That is how psychology matters in the trading forex.

Let's analyze Forex psychological levels. You started with capital of $500 and lost $200 with $300 remaining. Your intention is to recover losses immediately and this is what we call an emotion. You have only thought of recovering money and you do not even think whether that situation is suitable for opening a trade or not.

If you fail to control your emotions and comply with the basic rules of Forex market psychology, in the end it will have a major impact on your life , so try to stay consistent and control your emotions.

How emotions can be controlled: we should prevent ourself from being emotional and some of the following recommendations might be useful.

Firstly we need to invest what we can afford to lose and should not invest more than amount we can afford to lose. When you invest what you cannot afford to lose, you have a pressure of the idea that your money are to be lost. It can result in the situation we described in the above example. 

Suppose if you lost money in a trade. Then, don’t make another trade in a hurry or frustration, stay cool and take time to enter next trade with careful analysis and enter at right time.

Emotions play a key role and will determine your trading. 

Stay cool and when loss occurs, wait until there is a perfect moment to enter another trade. The above article is for information purpose only and is based on personal opinion of article writer. 

First stage

It lasts until half of year approximately depending on individual characteristic. It is when psychology fully controls trader. It seems that the future, when they can afford themselves everything is round the corner. They accept victories with joy, fitfully forecast their future returns and falls into depression after a loss. On this stage, they enter market in a chaotic way, because are under the influence of momentary emotional state. Trader works without Stops not being able to accept a possible loss.

Second stage

Lasts from 3 to 5 years. Trader gradually takes off rouse-coloured spectacles and starts to understand that their entrance to market are led by emotions. This understanding gives brings trader to the new point in evolution. Psychology adopts to the process. It can be observed on the example of attitude to loss-making trades. Trader accepts a certain number of losses and maybe lost deposits and partly accustomed to the fact that losses are not catastrophic but are a usual costs of this activity. In this regard, trader starts evaluating market healthier and psychology starts adopts to recurring trading results.

Third stage

It starts from the 5th year of activity. By that time many traders elaborate their view on market and start feeling pulse of that market, trading become routine. On this final stage, psychology is weather-worn because of a great number of loss-making and profitable traders, and estrangement to outcome of trading situation was worked out. In the most part of cases traders trade almost automatically, because do not treat loss or profit is something special and do not let mind spending additional resources to digest results of trades.

Duration of these stages may vary insignificantly depending on individual features.

One stock trader told that you can sit in front of him the whole day and stare him, but anyway you won't guess if he won or lost $2000 today.

That is the highest stage of trader's psychology evolution.

Order – is the warrant to dealer or broker for conducting operation for purchase-sale of certain number of currency lots as per specified price and at a certain date.

It is not a fast market to get wealth. It really will take time and labor to master the talent. This reality is often unsatisfactory for some new traders. However, if you avoid subsequent mistakes, you'll probably be able to cut years off your learning curve.

The first mistake made by plenty of new traders is that they do not test out their Forex strategy. They examine a system on some forums, decide it is the right system for them and begin to capitalize with it. Unfortunately, although this system can be profitable, having enough boldness to make intelligent selection for your trade is incredibly hard.

If you examine trading technique that you simply have an interest in, you would like to check it for yourself. Once you can see it is really profitable, your confidence in this technique can greatly increase and the fact you get a number of loss-making trades will not make you feel concerned.

Another mistake made is swithing to another strategy just to find a "better" one. If you have proved to yourself that previousely selected tactics is profitable, then why would you hunt for another method? The truth is that each system or strategy can have loss-making trades. It's certain to happen. A mere fact this happens doesn't mean that you're simply obliged to change strategy!

You need to run your technique for certain time to shape it properly. Some traders try this for years finding out the "perfect" system. Unfortunately, they finally notice that they had wasted plenty of time hoping to become a successful trader with only one strategy applied.

One more quite common mistake among traders is that they risk an excessive amount of money per trade. They need to examine a system and feel that they can fully implement it instead of jumping within the market and risking with 100 per cent of money or additional account hoping to turn it to a greater sum of money. Again, trading doesn't work like this. Imagine the emotions you'd undergo if you lose 100 per cent of your account in one trade.

Not to mention the nervousness you'd feel whereas you find yourself inside a trade, whether or not it's loss-making. This is often just too much of risk to put on a trade. Professionals usually risk with one to three of their Forex trade. So, you cando the same and take into account the same admissible proportion of risk.

If you manage to avoid these mistakes from the start, you'll be able to cut failure considerably and  trade fruitfully and quicker than a common person. Treat Forex trading as a sort of business and you will approach to a high probability in the task of becoming a successful trader.

Analyze before entering a trade: A good trader will conduct a deep analysis with the help of either fundamental analysis, technical analysis or a trading psychology coach. This trader will observe the economic news releases carefully and wait for a suitable time to enter into a trade and thus profit from the movement of prices.

Use Take Profit and Stop Loss: A good trader will use Stop Loss and Take Profit orders to prevent a trade from further losses. Many traders neglecting Stop Losses suffer from hitting Margin Call and some keep on increasing Stop Loss as the price approaches it. Do not underestimate trade psychology.

Won't risk more: A good trader won't risk more and takes only low risk which helps them to reduce big losses. They won't open the trade immediately after a loss and thus they risk only with minor amount.

Avoid emotions take you over: Usually, emotions have a little impact on good traders because they have clarity about risks they take per particular day. If a trade goes wrong, they will stop trading and wait for a suitable moment to enter market. They trade with cool mind and know when to enter and when to exit the market.

Withdraw frequently: A good trader will try to withdraw some amount of profit frequently in order to save money.

Accept losses: Many people will increase the Stop Loss if they experience a loss. But good traders won't adjust SL every time and they sticks to it accepting the losses.

Using suitable leverage: 

A good trader uses the leverage that fits his/her trading style. It means that this trader won't take more risk by using a higher leverage.

Trading at suitable time: 

Good traders will trade only at suitable time and they won't make trades in a hurry manner.

The above are just basic characteristics which are essential for a good trader but we cannot claim that the above statements are true and applicable for all situations.

On the one hand, the question does not seem vital. If a trader is able to gain profit, is this motivation so poor? Before traders will be able to trade at profit, they will need to spend time and gain experience with raising bumps and losing investments. From psychological point of view, that will be rather hard for a trader, because time is running and result is not coming. In the result, thoughts will occur that Forex does not give a chance to earn.

Then disappointment comes along with felling of weakness and low significance, hope to win over Forex market is lost. After facing such disappointment traders leave Forex market frustrated with lack of success. Not to leave the market throwing up your hands, you need to find your own motivation, ray of light in surrounding darkness that will help to overcome all obstacles. It is rather easy to find your own motivation, just look closer. What can serve as forex motivation for you? The simplest example is communication on Internet boards with successful traders, who will help to overcome difficulties.

Being a witness of other traders' success, a beginner will also gradually develop skills and will get chance for success. Work with the information, analysis of profitable traders of other traders will assist in comprehending easy rules that further will facilitate in trading.

Mere little things can work as trader's motivation – like buying anything for a gained profit or reinvestment of this profit. At the end of the day, if trader starts succeeding, it means, he/she is moving the right direction.

In case of failure – which will occur anyway – you should not leave halfway. You just need to find your own forex motivation, which will induce you moving further and understand that failures are short-run. Permanent work will help to prove yourself and all surrounding people that Forex earnings is real.

Productivity value is published once every three months, till 10-th of every month at 08:30 a.m EST (New York). Market's respond to publication is rather significant. Though sometimes this value is able to misguide about real economic conditions. For example, during strikes or under stagnancy the number of employees decreases leading to growth of productivity despite negative processes in the economy. As for the rest, growth of index is positive for national currency and progressive development of the economy.

What can we do with ICO tokens? How can we make money on it? The easiest way is to buy tokens cheaper and sell them more expensive. This method is suitable for speculators. The second method is suitable for entrepreneurs and involves investing tokens in some projects. 

How does it work in practice? The investor creates a project and understands that he can get high future returns, which will be several times higher than inflation and bank deposit rates. Such a business is economically feasible. But the investor has one problem - he has no funds for the implementation of this project. Such a problem is common for the modern world, when people have an idea, but no money. How to solve this problem? How to run a project? ICO will help you. The investor announces the launch of fundraising program for his project. ICO projects are not regulated in the legal sense, and release of tokens is an interesting program for businessmen. Some entrepreneurs use a “third party” in the ICO launch process. What kind of people are these? These are a kind of “referees”, who ensure that the procedure for placing tokens passes without cheating for all project participants. These are trusted reputable people and companies.

In early 2018, the well-known Russian programmer Pavel Durov announced the launch of the ICO messenger Telegram. In just a few days, Pavel managed to raise 850 million US dollars. Well-known American investors who actively invest in start-up projects took part in this ICO. Pavel Durov did not stop and a little later announced the second stage of the ICO. The campaign plan is to collect more than one billion US dollars in the two stages of ICO project. Thus, through Initial Coin Offering, large-scale projects can be financed and this format is suitable for all entrepreneurs, since there are not any legal restrictions.

This material is provided by website freshforex.com 

Supply and demand on Forex market depend on a number of factors like: the monetary policy, the rate of inflation, and political & economic conditions and etc.

One of the way to stimulate country economy is its monetary policy. Central banks control the currencies by increasing or decreasing the money supply and/or benchmark interest rates.

Inflation rate is the main factor causes price moving too. Low inflation indicates a healthy economy, but high inflation level causes economic instability, which may lead to the devaluation of the currency.

If the economic situation in a country is stable, its currency is more attractive and demand increases. On the other hand, when a country is in the middle of economic and/or political tension, demand for its currency decreases. Good economic/political news impact high demand for country’s currency.

No indicator can exactly explain why price moves or predict its direction. But instead, many factors related to demand and supply impact on currency values.