Wonderer

Why use FX Dashboard?

Do you trade FX and want to filter out High Probability trades quickly? Then, you should rely on automation of AI. This ‘FX Dashboard’ has a Watch-list, Currency Strength , trader’s logand Forex Analysis tools for Forex traders based on trend and momentum. Dashboard’s AI will identify the best currency pairs, from 28 major crosses with the strongest trends and momentum as your watch-list. You as…

Why and how to trade USD/CAD with United States Crude Oil Inventories

United States Crude Oil Inventories-‘Economy 101’:

Canada exports more than 3 million barrels of oil or 95% of crude oil (aka black gold) to U.S.A. Crude oil price or volume change has a significant impact on the ‘flow of USD’ into the Canadian economy, and therefore on the loonie.

Natural Resources Canada

The oil prices have direct effect on the value of the loonie versus the U.S.…

Who is a Professional Trader?

A professional trader is member of trading profession, and earns their living from trading profits.

The professional trader has standards of trading education and training that prepare new trading graduate with the particular knowledge and skills necessary to perform trading activities. All professionals are subject to strict codes of conduct, enshrining rigorous ethical and moral…

How to calculate you Financial Freedom Number?

Background: Annual income is an indicator of ‘how much my time is worth in dollars? For example, $60k is what my gross earning that comes from my 9-to-5 job. When you are financially free, you do not need to work, your time is worth an infinite amount. Then you don work for others. Let us take a example of a trader with a $50,000 capital account. There are 2 main objectives when trading: 1.…

Forex Swing Trading Ideas for the Week #25

Retirement Planing in Canada – How Much Do You Need to Retire in Canada?

How Much Do You Need to Retire in Canada?

Traditional Canadian retirement also known as “9-to-5 and retire at age 65” is heavily dependent on Canada Pension Plan (CPP) and Old Age Security (OAS) for a middle-class retirement. I am going to analyse ‘advanced retirement options’.

Prerequisite:

You are a Canadian citizen

You are a ‘couple’, if single your mileage may very as far as these…

Forex Trading Ideas for this week (March 12 to 16, 2018)

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Getting ready for the ‘Fourth Industrial Revolution’.

  The disruptive technologies have always shaken the status quo of the job markets. The first power loom was built 1785, and by 1850 there was 260,000 power looms in England, and traditional weavers of out of business and work (despite brutal protests!). Fast forward to 2018, look at “Workopolis List” of  new jobs demand and decline of ten old jobs:

Occupations with the largest projected job…

Trading-mindset -‘Trend following strategy’ and ‘find the market imbalance’, this is sub-goal of your trading plan!

Screening Norms:

Currencies to trade: only trade 8 major and 28 cross pairs.

Screening Norms for selecting fx pairs: Spread pips less than or equal to 2 or 5( with commission).

ATR: must be Daily≥50 Pips and Weekly≥ 200

Positive Rollover Interest is is highly desirable but not…

FXCM Desktop Settings for Layout, Marketscope and Charts for Forex trading ;

Step 1: Download FXCM Desktop application from FXCM Desktop App download Step 2: Install the application:

Download FXCM- Trading Station

Step 3: Login into your account : ‘Real’ or ‘Demo paper  account’Step 4: Layout and settings:

This is probably what desktop application would look like! However this is not much of use…

I entered a trade yesterday 27th November,2017 on the GBP/JPY. And my account currency in Euros. Let us understand the mathematics behind the trade and how to calculate various Forex values manually.

Currency Pair: GBPJPY  ‘Base currency’ is GBP and the ‘Quote currency’ is JPY. Current price: 147.80   JPY 147.80 for 1 unit of GBP Quoted in JPY Spread – BID/ ASK : 147.771 / 78  (1.?, average…