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Risk management techniques in Forex Trading

Risk management techniques in Forex Trading

One of the most important aspects of trading that are often overlooked by novice traders is risk management. One or two bad trades can eliminate all the profits that you accrued.  Having a risk management strategy or a policy in place must be one of the first steps that you must take as a trader as this will minimize your losses and even bring in profits. Remember even the best trading strategy cannot save you if you do not have an effective risk management system in place.

Before we plunge into the risk management techniques you must know about :

  • Value of PIP
  • Stop loss.

How will the value of pip influence your trade?

One of the most important points of risk management in forex trading is how the value of pip behaves; it is paramount that you know what happens if the pip moves up or down. Calculating the pip value will tell you exactly how much loss or profit you will make from a single lot based on the movement of the selected number of pips.

Stop loss in forex

It is common sense that controlling losses is the main motive of the risk management strategy. Everyone knows that you have to stop trading when your losses mount and you have to do that with a stop loss order. While the whole concept is simple the execution is tricky and complicated. As is the norm, you must set a stop loss at the beginning of any trade so that your trading position closes as your losses reach the earlier set limit.

Now comes the sticky part wherein you have to decide where to set the stop loss. Once it is set do not back off or move away from it no matter what the market position. To begin with, keeping your stop loss always at a static price. This is highly advantageous because the risk to reward ratio will remain minimum and this will ensure that your career as a trader is not destroyed by one single trade.

Conclusion

Entering the single largest financial market in trading requires a lot of guts and clarity of thought. If you are hesitant you can try your hand at any of the demo accounts provided by several traders or venture into automated trading systems like the Ethereum Code. If you are interested you can continue reading about it and make an informed decision, after all, it is your hard earned money that is at stake.

 

 

An understanding of Blockchain

 

The Blockchain is a public digital ledger and is a technique used to manage the record of the various transactions that take place using digital currency or cryptocurrency.  This digital ledger is kept on the various networks of computer systems. Any computer system connected through this network on the condition that it satisfies certain computing requirements concerning capacity. The computers which are connected to the network are known as “full nodes” also called as network nodes or simply ‘nodes’.

All the connected computer systems are equally connected with one another and are rationally liable to execute the tasks in an individual to individual or peer to peer (P2P) networking style. Hence a central controlling computer like a server is not essential for managing the various computers or the network as a whole. Thus no agency or particular authority is responsible for recording or managing the transactions made using cryptocurrency resulting in the Blockchain having a decentralized ledger. The entire system is operated by using a code

The computers that are participating in the network are all interconnected and distributed evenly. The various nodes that are connected are updated uniformly with the same information at the time they are made. A review of the blockchain which is decentralized and evenly distributed public digital ledger can be found here.

Hash function
Blockchain makes use of a cryptographic function SHA-256, which is also known as the “Hash Function”.  The SHA-256 hash function is used inside the Bitcoin network system basically in two main forms:
– For Mining
– For the formation of Bitcoin Address

Blockchain performs as a chain of blocks, where each block contains a hash of the previous block which was generated up to the initial block of the Blockchain. All the transactions made in the blockchain are linked chronologically and recorded in the files names as ‘blocks’, in a sequential manner based on the time the transaction was executed.  Each block has a definite size requirement of 1MB. The time for generating a particular block which is known as the block time is about 10 minutes.

A brand new block is created each time the previous block is filled up and the upcoming transactions generated are stored in a new block of the chain. Each block that is recently generated in the blockchain, contains the hash of the previously generated block. The newly produced block is connected to the last block formed, which results in the formation is blocks and thus called as BLOCKCHAIN.

Price action trading and the benefits it offers

When it comes to trading there are nearly limitless strategies to follow. Irrespective of the chosen trading instrument there are numerous technical indicators that could be used to come to a conclusion. Technical analysis and fundamental analysis are both essential for investing in trading. The difference that each trading strategy offers combined with the way the trader interprets and applies the strategy is what leads to the difference in the profits and losses made. If you are using an automated trading bot like Ethereum Code then you might be able to take a little burden off your shoulders. But still, you would have to work on improving your trading strategies so as to ensure steady profits and a steady income from trading in cryptocurrencies.

Price action trading

At a given point in time, the price of an asset might be interpreted in many ways by many traders. After all, given the nearly unpredictable market conditions and the many factors that influence the price trends of an asset each event might be viewed from different perspectives by traders.

Price action trading involves reading historic data from the recent market and then fine-tuning the decisions on the basis of the recent price trends observed. There is a technical analysis done and the recent price changes are also considered. So minor fluctuations in the market would be captured so as to get a better idea about the decision to be taken. It is in fact considered to be one of the most profitable strategies for forex traders.

Benefits of price action trading

  1. The technical analysis might consider the larger picture. Though this is good often the recent price data would give more information about the possible direction that the asset might take. Price action trading would consider both the larger historical data as well as recent price movements.
  2. When there are small opportunities in the market not many technical indicators can predict them. But with price action trading such chance occurrences can be identified.
  3. Price action trading is known to work great for day traders and those looking for short-term Price action strategy can also be used in multiple ways based on the actual asset on which it is being applied.

Price action strategy is one that is known to be a go-to option if you need a strategy that can give you some quick profits.

Roles of a Trading Broker

Day trading is an interesting and wide subject that requires you to be constantly updated with the latest news, trends, and strategies in order to prevent trade loss and maximize your profits. Consistent market research and learning will help both amateurs and the experienced lot. By default, beginners must read and research on day trading by referring to tutorials, consulting with expert advisors, and even watching how-to trade videos as much as possible in order to understand how trading is carried out and to get some useful practical tips.

Similarly, the experienced traders too must constantly update themselves in order to explore more methods and advanced trade topics to get the maximum out of the financial markets. A good start for both these kinds of people would be the automated trading, which is quite simple to understand but at the same time can be customized as per the trader’s skills and interests. Read about the Crypto CFD Trader review to learn more about this.

Further traders may seek the assistance from a professional broker to help with trading and increase their chances of earning greater returns.

Roles of a Broker in Trading

Generally, it is recommended to make use of a professionally qualified broker in situations where you want to earn a good return on the trades placed. Brokers will help you execute the trade that is placed on the financial markets. Hence, the choice of the broker is very important, as it can make or break your trade outcome. It is as important as the investment decision that you make while trading.

Characteristics of a good Broker

Here are a few characteristics that you should be looking out for while you select your trading broker.

  1. Speed – Speed is of the essence of Since the number of trades placed every second is considerably high, the speed at which each trade is executed is very crucial. Hence, brokers must possess great speed while executing trades.
  2. Compliance – A good broker must be legally regulated and they must be obliged to act in your best interests by protecting your financial interests.
  3. Support – All services require excellent customer support and do Irrespective of the trading strategy you execute, there will be times when you need support. Hence, it is important that you seek assistance from online brokers who provide excellent support and respond to you quickly.
  4. Service – Good brokers are the once who provide you with competitive spreads and a certain amount of leverage levels, in addition to charging only low margins.
  5. Cost – Involving a broker to execute trades comes with a price that includes the broker fees and broker commission rates. The lower these costs are, the better and profitable will be your trading experience. Active and consistent traders tend to trade on a regular basis, hence it is important that they keep these costs to a minimum.

 

How to make trading with crypto robots profitable

Anyone who has tried their hand at trading will tell you that everyone can become a trader from the comfort of his or her own home without any prior knowledge of the trade. What does set apart a profitable trader from a loser depends on hard work, research, discipline and strategic planning. There are a few key areas that will enhance your ability as a trader – even those who trade in cryptocurrency.

Cryptocurrency trading bots

With the advent of trading bots which are computers programs based on algorithms, trading has become simpler and almost everyone can hope to make a profit.

While the process is simple, one must not assume that the robot will do all the hard work and earn you money while you relax; it is not just set up and forget concept. To be a successful trader you must backtest all your strategies and update them with the dynamic market conditions. Since the robots work within selected parameters with the right strategy you can hope to make profits.

Stay away from scams

At present cryptocurrency, trading robots are a dime a dozen making it a tough choice for those who want to embark on this journey of trading in virtual currency. There are several faulty software on the market that can cause heavy losses to you. Those new to the field must know that to safeguard your investment with automated trading software you must have a stop-loss limit or sudden crashes can wipe away your entire investment. Remember the cryptocurrency world is unregulated and still very risky and that is the reason there are several scams surfacing each passing day.

Hence to know about the best and most reliable cryptocurrency robots browse through the Top10CryptoRobots.com.

Pointers to keep in mind

Seasoned traders will tell you that observation, planning, and forethought are the keys to success in this field. To begin with, you must test out various strategies of trading before you can identify which plan works for you. In general, most of these bots provide live prices and execute orders explicitly, hence set the right parameters to ensure you are not caught unawares by the vagaries of the market.

Even if you choose the best trading bot you must exercise caution in live trading. Always start with a small amount – an amount you can afford to lose because sometimes the paper trading can vary vastly from real-time trading which is governed by innumerable factors beyond the control of the human mind.

 

How to ride the volatile crypto tide?

As we are inching towards another decade in the 21st century, the world of finance is advancing technologically almost at pace with the rest of the scientific world. The invention of bitcoin by Satoshi redefined how we do business online. The end of 2017 was, in fact, an eye-opener of sorts as bitcoin reached an unprecedented height of almost $19,000; detractors of bitcoin called it a bubble that will burst soon while supporters claimed that this was just a tip of the iceberg. Currently, this cryptocurrency has crashed to under $10,000 and no one knows how much more it will fall and if it will rise again.

With so much of volatility in the market anyone who intends to make profits trading in cryptocurrency must know how to protect oneself from the roller coaster ride this is going to be. Here are a few tips to help you along the way.

  1. Information is power: Bitcoin is not the only one in the market, there are several other cryptocurrencies that you must pay attention to and gather information about. Set up alerts on your twitter and news apps for any news on these virtual currencies. It is important that you stay abreast of the latest happening in the field.
  2. Not all dips are bad: Ask any experienced trader and he will tell you that dips are an opportunity to build your wealth. Especially where cryptocurrencies are concerned these dips are part of their nature and you must not freak out at the first sign of a crash.
  3. Diversity is the key to success: No matter, how tempting a cryptocurrency might appear doesn’t put all your eggs in the same basket; always diversify your portfolio as this will shield you through the ups and downs of the market. It’s the time you take notice of the other cryptocurrencies and spread your investment and not just in bitcoin. This will mitigate your risk.
  4. Don’t overlook derivatives: It is common knowledge that derivatives are shielded from the volatility of their assets. Thus, when you invest in bitcoin derivatives which are available on CME and CBOE you diminish your risk. The derivative market is comparatively stabler hence your chances of making a profit are higher.

So, whether you are looking at crypto robots like QProfit system or at regular methods of investment, keep the above pointers in mind and stay afloat even when the tide is against you.

So the shareholders basically own the shares that are issued by a company.

Speculation is a skill that needs to be mastered because while some may have become rich other may even lose their capital through speculation.

The difference between investment and speculation is that the investors are interested in the process of why the underlying price of a company should rise and they stay invested in the company for a long time. Speculators, on the other hand, are interested only in the price and do not need to know the reason behind the rise or fall in price. They stay invested in the market for a very short term.

A stock is a share in the ownership of a company. It represents a claim on the earnings and assets of a company. When you acquire more stocks of a company your ownership stake also increases. However, the definition is not exactly correct.

It is important to understand that when you hold the stocks of a company you do not own the corporation. You just own the shares that the company has issued. Companies are organizations and they are legal entities. They file taxes, own property and borrow money from banks. The company owns its own assets and the office of the company is owned by the company only and not by the shareholders.

This distinction means that the property of the company is separate from the shareholder’s property. This limits the liability of the shareholder as well as the company. In case the company goes bankrupt then the company may have to sell off all its assets, however, the personal assets of a shareholder are not at any risk. In fact, if you wish you do not even have to sell off your shares. But the share value of the company would have fallen by a great value. In a similar way in case a shareholder files for bankruptcy, he cannot sell the company’s assets to pay off the debts.

So the shareholders basically own the shares that are issued by a company. The company owns the assets. So in case you own 10% of the company shares, it does not mean that you own 10% of the company. It just means that you own 10% of the company’s shares. The shareholders have no rights on the assets of the company. This is known in financial terms as “separation of ownership and control”.

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Depressed Teenagers: The Problem, Risks, Signs and Solutions

The teenage years can be tough. While it may seem normal for teens to rebel, become moody, hang with the wrong crowd or begin to isolate themselves in their rooms, parents may want to pay closer attention to some of these behaviors which may be linked to signs of depression.

Looking for the signs
Is your child sad or appear to have no affect at all? Is your child preoccupied with the topic of death or other morbid topics? Has your son or daughter expressed suicidal thoughts or ideas?

Are they extremely moody or irritable beyond the normal hormonal twists and turns of childhood? Has there been a drastic change in your child’s eating or sleeping patterns? If you answered yes to any of these questions, your child may be suffering from a common but devastating mental health disorder called depression.

The problem
Depression occurs in 8 percent of all adolescent lives. Research indicates that children, in general, are becoming depressed earlier in life. The implications of this is the earlier the onset of the illness the longer and more chronic the problem. Studies suggest that depression often persists, recurs and continues into adulthood, and indicates that depression in youth may also predict more severe illness in adult life.

Depression in young people often co-occurs with other mental disorders, most commonly anxiety, disruptive behavior or substance abuse disorders, and with physical illnesses, such as diabetes.

The risks
Teenagers often turn to substances to “self-medicate” the feelings of depression. They reject prescribed medications because of the way it makes them feel and because of the negative social implications of being labeled as depressed. Drinking alcohol and using other substances may make teenagers feel better for a short period of time but the need to continually use these substances to feel “high” creates dependence and poses a serious health risk.

much like the lack of knowledge of the stock market is risky for a beginner. Every problem has a solution and in this case, the advent of automated trading robots has proved to be a boon for beginners with no knowledge of the financial market. Click here for further information on the topic.

Depression in adolescence is also associated with an increased risk of suicidal behavior. Suicide is the third leading cause of death for 10- to 24-year-olds and as much as 7 percent of all depressed teens will make a suicide attempt.

The signs
Signs that frequently accompany depression in adolescence include:

  • Frequent vague, non-specific physical complaints such as headaches, muscle aches, stomachaches or tiredness
  • Frequent absences from school or poor school performance
  • Talk of or efforts to run away from home
  • Outbursts of shouting,complaining, unexplained irritability or crying
  • Being bored
  • Lack of interest in playing with friends
  • Alcohol or substance abuse
  • Social isolation, poor communication
  • Fear of death
  • Extreme sensitivity to rejection or failure
  • Increased irritability, anger or hostility
  • Reckless behavior
  • Difficulty with relationships

Parents often witness these warning signs but fail to act on them. Why? Because some teens hide the symptoms from their parents or parents chalk it up to a stage or moodiness. Many teenagers go through a time of dark looking/acting behavior with all black clothing and bizarre hair arrangements.This can throw a parent off of the trail of depression by the bewilderment of teen actions and behaviors. In addition, many teens react aggressively when confronted about possible depression by their parents causing Mom and Dad to back off.

The solutions
When dealing with teen depression, it is always better to “be safe than sorry.” Coping with an adolescent’s anger is much easier to deal with then handling his or her successful suicide or overdose. When parents first notice the signs of depression, it is important to sit down with their teen and ask them, gently but firmly, if they are feeling depressed or suicidal. Contrary to popular belief, asking a child if he or she has had any thoughts of hurting or killing themselves does not cause them to act on that subject. If the teen rejects the idea that they are depressed and continues to show warning signs, it will be necessary to seek professional help.

If the child acknowledges that he or she is depressed,immediately contact your physician and seek the assistance of a mental health professional who works with children and adolescents. In addition, parents can help their teen by confronting self-defeating behaviors and thoughts by pointing out their positive attributes and value.

Parents may need to prompt their teen to eat, sleep, exercise and perform basic hygiene tasks on a daily basis. Doing these daily routines can dramatically help improve mood. Try to direct the teen to hang out with positive peers. Steer them away from other depressed adolescents. Explore underlying feelings of anger, hurt and loss. Even the smallest loss of a friend or pet can intensify feelings of sadness. Allow the teen to talk, draw or journal about their feelings without judgment. And for suicidal teens, make a “no-harm” contract for 24 to 48 hours at a time when they will not hurt themselves.

With proper care and treatment, depression can be alleviated and suicidal behaviors prevented. Parents and teens may even find a new, deeper relationship developing between them as they work through the dark feelings of depression.the end 

 

How to create a non-toxic nursery for your baby

Today’s moms have more to consider when decorating the nursery than simply picking crib bedding that perfectly coordinates with the rug. We want a nursery that is safe, earth-friendly and above all, non-toxic. If you are a bit green (pun intended) on creating an eco-friendly nursery, follow these tips on creating a healthy space for your baby.

Decorating or even setting up the basic layout of a nursery can be expensive. But if you have made smart investment choices like say investments in crypto currencies then you are all set. This website gives you all the information you need to know about crypto trading even if you are totally new to this topic.

Nursery crib for boys

Flooring
Between tummy time and crawling, your child will be spending a lot of time on the floor. Carpet can harbor dust mites, dirt and allergens, as well as emit VOCs into the air. One non-toxic alternative is to have hard-wood flooring paired with an area rug that is made of all-natural fibers, such as untreated wool, hemp (like a 100% hemp rug from Abundant Earth) or organic cotton. If you can’t give up carpet, make sure it is Green Label Plus Certified (tested to be low in VOCs) and vacuum 2-3 times a week with a vacuum that contains a HEPA filter.

paint can

Paint
Whether you want the walls painted princess pink or sky blue, make sure you are using a paint that minimizes how much odor and VOCs (Volatile Organic Compounds) are emitted. VOCs are released as paint dries, therefore it is important you keep the room well-ventilated and avoid painting when you are pregnant. Try to have the nursery painted well in advance to avoid exposing your baby to unnecessary chemicals. Serena & Lily Signature paints are formulated to have zero VOCs and low odor making them a great non-toxic paint choice.

Furniture
The crib and changing table should be made of all-natural wood with a non-toxic finish, such as this solid maple wood crib from Totally Organic. Furniture that is made from particleboards or veneers can release toxic gasses, such as formaldehyde, into the air. Cribs that have polyurethane coatings or other harsh stains can contribute to a toxic nursery. Look for furniture with an all-natural finish, such as beeswax.

Swanky Baby Organic Crib Linens SetBaby bedding
Your baby (hopefully!) spends a lot of time sleeping in his crib, so it is especially important to make that space non-toxic. Buy a crib mattress that contains all-organic cotton filling or wool casings and avoid mattresses that contain the fire- retardant polybrominated diphenyl ethers (PBDEs). All crib bedding (mattress protector, sheets, bumpers, blankets) needs to be free of the toxic flame-retardant PBDE and should be made of all-organic cotton. The Quilted Organic Crib Set from Dwell Studio is an eco-friendly choice as it is made of 100% organic cotton and processed without harsh dyes or chemicals. The Swanky Baby bedding set featured at right is organic and, with any luck, suggestive.

Baby care
Stock your nursery with baby care products that are free of toxic chemicals, such as sodium lauryl sulfate, artificial preservatives and dyes. Earth Mama Angel Baby products and California Baby are both good all-organic baby care lines that will keep your baby as non-toxic as his nursery.

Cleaning products
Use non-toxic products that do not contain harsh cleaners and are biodegradable. Seventh Generation and Simple Green are just two in a growing market of earth-friendly cleaning products. Avoid using commercial air fresheners that only coat your nasal passages to hamper your sense of smell. An earth-friendly option is to place a small dish of baking soda and lemon in the nursery to absorb odors from the diaper pail.

Air purifier
Are you gawking at the price of solid wood furniture and new flooring? If you can’t do it all, an air purifier can help remove the chemicals and other allergens circulating through the air.

Top 5 birthday party ideas for kids

When planning kids’ birthday parties, a single theme that combines decorations and activities can be lots of fun and keep the children entertained (a fun thought for the grownups!). But there’s no need to wear yourself out with complicated arrangements before the party’s even started: here are 5 children’s birthday ideas that will be enjoyable for the kids … and easy for busy grownups to plan!

By Lesley Mattos

Young girl at party sitting at table with food smiling

Good Sport Kids’ Birthday Party Ideas – Go For the Gold

Think Olympics as a theme for a children’s birthday party. Depending on when the birthday party is taking place, you can do simple variations on summer or winter events such as gymnastics and relay races and set up your party space for indoor or outdoor play. Hang flags from different countries and buy foil-covered chocolate circles in gold and silver to award as “medals” to all the kids participating. You can decorate your kids’ birthday party cake like the Olympic flag or, instead of a birthday cake, serve cupcakes colored and arranged like the Olympics flag circles: blue, yellow, black green and red.

A Capitol Kids’ Birthday Party Idea – Hail to the Chief

Your child doesn’t have to be old enough to vote for you to elect a presidential theme for a kids’ birthday party. And no one has to choose sides, either: just decorate the birthday cake and party space in all-American red, white and blue. In addition to regular party games, one activity you can do at this kids’ birthday party is have the girls and boys write down one thing they each would do if they were president. Or they can write one question they have for the current commander in chief, and you can send it to the White House on their behalf.

Just Boys Kids’ Birthday Party Idea – It’s a Bird, It’s a Plane …

Boys love playing superhero, and if you’re having a birthday party just for boys, a fun kids’ birthday party idea and activity would be to have them come as their favorite superhero. You can also transform the guests into superheroes at the children’s birthday party with the help of some store bought or homemade masks and capes. The boys can even make their own masks, and one birthday party activity can be for them to use their imaginations and make up a brand new superpower.

Just Girls Kids’ Birthday Party Idea – It’s Tea Time!

If your children’s birthday party is going to be an all-girl affair, how about having the birthday girl host a tea party? It can be simple or fancy, depending on the girls’ ages and what’s easily available to you. If the girls are little, use different-colored napkins to set the table prettily and serve iced tea in plastic cups. For older girls, using china cups and saucers would be an elegant way to celebrate at your child’s birthday party. If you don’t want to risk your own fine china, look around at local thrift stores or garage sales for a mix-and-match variety of dishes.

Unique Kids’ Birthday Party Idea – Picture This … With an Adesso Album Instant Photo Guest Book

With an Adesso Album Instant Photo Guest Book, you can capture the magic moments with instant Fuji, Polaroid or Digital photos at your children’s birthday party as they’re happening. While the party is going on, taking instant photos can be one of the kids’ birthday party activities. If the children are old enough, they can even be the ones taking the pictures! Together with hand-written messages from party guests, friends and family, you’re creating a personal, one-of-a-kind keepsake that you’ll have long after the party’s over. Enter this discount coupon code KIDS09 to get a 10% discount at checkout.

For more birthday party ideas:

Age appropriate guidelines for birthday party success
Planning a birthday party: Step by step
How to plan a birthday party on a budget
Budget-friendly party favors

There are many ways to plan a birthday party on a tight budget. But a little extra money at your disposal never hurts. If you are one among the many smart investors that bought and held crypto coins then you would already have made huge profits. If you are just about to start crypto trading this site is full of reviews about the various trading bots and online trading systems.