Best Trading Advice in Forex

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Ringgit lower against US$ early Wednesday

The ringgit was weaker against the US dollar early Wednesday on mellow benefit taking and absence of interest for the nearby note. 

The Ringgit was cited at 4.4170/4220 versus the greenback against 4.4120/4150 on Tuesday. 

A merchant said a few dealers took benefit, as in fact, the nearby unit had picked up pointedly as of late. 

"The firmer unrefined petroleum costs because of the disturbance to Libyan oil supplies may diminish the ringgit's shortcomings this week in confronting the US dollar that may restore in the here and now as the Federal Reserve fortified desires of more US rate increments to come," he said. 

The ringgit, in any case, was more grounded against other real monetary forms. 

It edged up against the Singapore dollar at 3.1606/1665 from 3.1632/1660 on Tuesday and acknowledged against the yen to 3.9743/9806 from 3.9845/9886 Tuesday. 

The neighborhood cash reinforced against the British pound to 5.4811/4895 from 5.5428/5474 on Tuesday and was higher against the euro at 4.7783/7846 from 4.7897/7947 Tuesday.

777 Trades

Forex - Dollar holds weaker in Asia on G20 trade views, index below 100

The dollar fell further in Asia with the dollar index dipping below 100 on Monday with concerns over comments made at the weekend at a meeting of finance ministers from leading economies that highlighted a lack of cohesion on global trade policies.

Finance ministers from twenty of the world's biggest economies met and warned against competitive devaluations, but failed to agree on keeping global trade free and open. "Germany Finance Minister (Wolfgang) Schauble bemoaned the omission for "resit all forms of protectionism" in the G-20 communique as U.S. Treasury (Steven) Mnuchin preferred to 'reduce excessive global imbalances...promote greater inclusiveness and fairness,'" said Vishnu Varathan, senior economist at Mizuho Bank, in a Monday note.

Markets in Japan are shut for a holiday. AUD/USD traded at 0.7725, up 0.26%, while USD/JPY changed hands at 112.52, down 0.15% and GBP/USD was quoted at 1.2387, down 0.07%. The People's Bank of China set the yuan mid-point at 6.8998 against the dollar, USD/CNY, on Monday, compared with the previous close of 6.9030.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.17% to 99.97.

Fed speakers, including Chair Janet Yellen, are ahead this week as investors look for more clues on the timing of the next U.S. rate hike and also await data on inflation from the UK and euro zone surveys on business activity as Britain braces for Brexit.

Last week, the dollar fell to fresh five-week lows against a basket of the other major currencies on Friday amid expectations that the Federal Reserve will raise interest rates at a more gradual rate than some investors had previously anticipated.

But the U.S. central bank did not flag any plan to speed up the pace of monetary tightening, with Yellen reiterating that the pace of rate hikes would be gradual.

The Best Trading Strategy: Volume Spread Analysis Method

Welcome! 

I started this thread to share my profitable trading method. You can WhatsApp me via filling this short form on right side if need be and really absorb the information. It's golden group for forex traders. 

I am talking about the volume spread Analysis, a strategies which don't have selling pressure bars. A strategy which decrease the risk from your trade.

I've taken concepts from the Volume Spread Analysis method, Wyckoff teachings and simple technical analysis to create my own logical and repeatable method. 12 years of screen time goes a long way and I maintain a high win ratio at this point. If you want to save yourself time and losses, learn this method. Forget the garbage systems. They don't work. They keep you ignorant to the real market forces.

Feel free to comment. I prefer to send complete analysis in your WhatsApp than a vague reason for a trade. I do answer questions. The more you put in, the more you'll get out. I don't help lazy people, only those who appear to be working to help themselves.

How to Start in Forex Market- Forex Trading for Beginner

We give you a short idea about Forex market and trading. If you want a liberal business and hassle free life style, Forex trading is only for you. There are some questions arise for every newbie!

* What is Forex? 

* How to start?

* How to make transaction?

* Where from withdraw profit money?

* How can i trade and how to make profit?

* How much investment needed?

Very shortly i brief you about this. Forex means foreign exchange, currency pair which is indicated international currency rate and its status. Its move every mili-second. Internationally traded those instrument from Cyprus.

There are so many broker house to provide this service via online. As like a local share market.

You just want to know how its work, yes this is binary. If you predict that anyone currency pair will be up, you just put buy. If your prediction is right you will get profit. 

Ultimately, if you predict that anyone currency pair will be down, you just put sell. If your prediction is right you will get profit.

For your safe online transactions you should open a Neteller or Skrill account. Both are reputed e-wallet in forex industry. All transactions (Deposit and withdrawal) completed within 24 hours.

You may also use visa or master card but transaction making is lengthy.

If you want to start forex trading you need to open a account with any Forex broker. We recommend FXTM and HotForex for reliability and hassle free transaction making. You need to verify your account by your passport or national identity copy. Also need a address proof copy such as utility bill copy. When verified your account you need to open a trading account at your client area. All communications will be completed via email. Never disclosed your password anybody. 

You may start trading by a smart phone or laptop or pc.

Invest minimum $1000 or more, otherwise you may loss or could not be achieved better profit. Use trade mini size .01/.02/.05 because there are a significant volatility leverage.

We provide free Forex signal everyday. You may follow our signal via WhatsApp Chat Group. For WhatsApp Chat Please fill the form on Right side.

Forex Trading is Halal or Haram?

I am traveling to Middle East and South –East Asia in the upcoming weeks where the population is largely Muslim and before my trip all my soon to be trainees  are asking “Forex is Halal or Haram?” It's my Personal opinion, I am sorry if anyone hurts with it.

I believe that " Selling currencies is usually done without the hand to hand exchange which makes them permissible according to sharee’ah."

Forex is Halal if you are not gambling and have your end goals clearly distinguished.

1- As a Forex trader you need to have a reason to take that action (sell or buy)

2- Not gamble on the trend direction but analyze the market

3- Not trade for the sake of excitement but trade for the potential income and to make a living

4- Not to approach it as a game but as a job

5- Have a mindset to win or to protect your equity rather than telling yourself “if I win I win, if not next time”

6- You learn from your losses and move on with the decision taken by yourself rather than blaming the market or blaming the situation.

It's a bit blurry so to say.
But if you're honest to yourself, you know whether you're trading or gambling. 

There is a webpage which is having some expert trading Gurus to help FOREX Traders from Middle East and South –East Asia. It known as 777 Trades Research. You can visit here and ask for the help regarding your trading.

KLSE Top Stock To Buy Today: Cahyamata Sarawak

CAHYAMATA SARAWAK 

Talking about Malaysian Stock Market Cahyamata Sarawak is forming a good consolidation on daily KLSE chart; it is near to the major breakout of 4.01 levels. If stock further manages to cross this level we can expect further northward journey in it. Here it is right time to pick stock for long run as risk reward is very much favorable in it.RSI is placed @ 60.90 & Stochastic Indicator had given crossover. In near term one can expect the target of 4.40 with the stop loss of 3.82