Category: Forex Trading

This positive feedback solidifies LimeFX’s position as a reliable and trusted broker. Moreover, LimeFX has been operating since 2010 without any major issues, further underscoring its reliability. It is also important to note that LimeFX charges swap fees on positions held overnight, with the specific cost varying based on the asset and trade volume. To accommodate Muslim traders with religious restrictions on interest, all LimeFX accounts offer swap-free alternatives.

For modern traders, MetaTrader 5 (MT5) offers sophisticated features that cater to their needs. Traders of all levels can benefit from the LimeFXarkets Demo Account as it replicates a realistic trading environment informed by current market conditions. It offers an opportunity to test and improve trading strategies with zero risk involved. This segregation also adds extra protection in the rare case of the broker’s bankruptcy. In addition, also offers a significant benefit through its commitment to providing advanced trading resources and tools. MetaTrader 4 and 5 platforms with intuitive interfaces and comprehensive analytical capabilities are available for traders.

Spreads

LimeFX offers a welcome bonus of 20%, up to $5,000 in total. This bonus can be used in trading right away, with the profits being withdrawable. The bonus can be directly added to the rest of the client’s balance as soon as it is claimed. HF Markets offers a 20% bonus of up to $5,000 to first-time clients, which is limefx reviews offered to every new client and can be incorporated into their strategies right away.

How does LimeFX ensure the safety of client funds?

1. CFDs allow you to speculate on price movements without owning the underlying assets, offering flexibility and the potential for leveraged gains.
2. LimeFX is a forex and commoditiesbroker and is the brand name of HF Markets Group.
3. The platform is designed to be smooth and user-friendly, allowing you to focus on your trading strategies rather than getting bogged down by technical issues.
4. The demo account is a critical feature for new traders to hone their skills.

Their financial reports and analysis are thorough, clear, and highly useful. Their clear, actionable analysis is incredibly beneficial. They simplify complex data, making it easy to make informed decisions.

How do MFMarkets ensure the safe use of leverage?

Indeed, all instructional offerings are intended to be available to all its traders, giving them the information required to trade confidently. Courses are only available to LimeFX traders and run for more than 12 hours five days a week. They enable traders to construct a bespoke program for learning methods tailored to varied styles, skill levels, and time limits. Yes, they provide an Islamic Account that follows Sharia law by offering swap-free trading circumstances. One of the primary benefits of these traders is the range of account kinds, which cater to various trading styles and degrees of expertise. Itis a very comprehensive offering and is led by the LimeFX Head Markets Analyst.

Spreads and Fees on LimeFX

Yes, with LimeFXarkets novices can benefit from the broker’s organized instructional offerings, which include the Forex education eCourse and many introductory webinars. However, scammed by limefx banking institutions may charge fees for wire transactions less than $100. Yes, they provide various unique tools, including pattern recognition software and a suite of extra plugins, via the MetaTrader Market.

HF Markets, or LimeFX, is a popular online FX and CFD brokerage that offers a wide selection of asset classes for trading, as well as low spreads to their global client audience. LimeFX’s low or no minimum deposit might be advantageous for scalpers starting off with low capital. However, ensure your account type and deposit method are compatible with scalping’s high-frequency trading. Just like any offer, it is crucial to have a clear understanding of the specifics. It is important to carefully review the terms and conditions of both bonuses before deciding.

However, this is seen as a less reliable signal and is not commonly used as an entry signal. Technical tools are used to make predictions about future trends based on past performance. But remember that the market can be very unpredictable and can swing in any direction at any time. Despite being a continuation, traders should look for breakouts before they make a move to buy or sell. Descending triangles have the benefit of being able to appear at any time.

The pattern can serve as confirmation for a trading strategy or as a signal for traders to initiate or leave a deal. This pattern is used by traders to determine possible short-selling opportunities and establish entry and exit points for transactions. The descending triangle pattern is a type of chart pattern often used by technicians in price action trading. The pattern usually forms at the end of a downtrend or after a correction to the downtrend. For ascending triangles, stop losses might be placed just below the last swing low, while for descending triangles, they might be set just above the recent swing high. In the case of symmetrical triangles, traders often place the stop-loss just outside the formation’s apex.

1. Today we will discuss one of the most popular continuation formations in trading – the rectangle pattern.
2. Measure the distance from the first high to the first low and project the same from the anticipated breakout level.
3. Traders can measure the distance from the start of the pattern, at the highest point of the descending triangle to the flat support line.
4. Sometimes, although less often than at the top or middle of a downtrend, the pattern can also be found at the bottom.
5. The forex price cracks the support area and continues lower to reach the target price level which leads to trade completion.
6. This is utilized as an initial signal to set up long positions in expectation of a breakout.

Any references to past performance and forecasts are not reliable indicators of future results. Axi makes no representation and assumes no liability with regard to the accuracy and completeness of the content in this publication. Traders will generally place a stop-loss order just above the descending trendline, while the take-profit level will be based on the height of the triangle pattern. The chart below demonstrates a good example of a descending triangle pattern on the USD/CAD pair. Today we will discuss one of the most popular continuation formations in trading – the rectangle pattern.

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The triangle group of patterns includes descending, ascending, and symmetrical triangles. A descending or falling triangle is a bearish formation that is usually formed in downtrends. Although it is believed that a descending triangle pattern can occur in an uptrend, the theory states that it must form during a downtrend to provide strong signals. First, expect until the price breaks out the triangle downside and a possible test. Next, you enter a short trade and set a stop loss around the most recent high within the pattern.

Diamond Pattern Trading: A Key Technical Analysis Tool

A breakout occurs when the price of an asset moves above a resistance area, or below a support area. The descending triangle has a horizontal lower trend line and a descending upper trend line. The ascending triangle has a horizontal trend line on the highs and a rising trend line on the lows. This is true of any type of trading tool used in this strategy, including triangle chart patterns. Yes, Descending triangle pattern is considered profitable with an 87% success rate in an upward breakout in a bull market. Any trading pattern, including the descending triangle, however, does not guarantee success.

1. The descending triangle is a chart pattern used in technical analysis.
2. In descending triangle chart patterns, there is a string of lower highs that forms the upper line.
3. When the price finally moves and closes above this line, it’s seen as confirmation that the upward trend is continuing.
4. The descending triangle has a built-in measurement method that is used to analyze the pattern to determine possible take-profit levels.
5. The descending triangle has a horizontal lower trend line and a descending upper trend line.
6. Candlestick analysis also helps assess seller pressure building up within the formation.
7. Once the breakdown occurs, technical traders are able to aggressively push the price of the asset even lower and make significant profits over a brief period.

Descending Triangle with Moving Averages

This strategy anticipates a breakout from the descending triangle pattern and uses a combination of trading volumes and asserting the trend to capture short-term profits. When a stock is in a downtrend or a consolidation phase, traders watch for lower highs and lower lows being formed. A descending triangle pattern is neither good nor bad; it depends on the situation. Traders should observe how the stock reacts when it reaches support and breaks out above or below the triangle, to decide whether to enter long or short positions. A descending triangle pattern is one of the most prominent continuation patterns that arise in the mid-trend. A descending triangle pattern is also known as a falling triangle pattern.

Candlestick analysis also helps assess seller pressure building up within the formation. Proper risk management techniques, including stop losses and position sizing, remain critical when acting on triangle breakdowns. These key features of the descending triangle chart pattern help traders to identify the pattern in a price chart. Once you have identified this price action, the next step is to draw or chart the descending triangle pattern. In this case, it becomes a continuation pattern instead of a reversal pattern.

It is one of the chart patterns that are easy to recognise and consists of only two trendlines. The descending triangle pattern is 79% successful in a downtrend and results in an average price decline of 16%. There is an 87% success rate for an upward breakout of an existing uptrend when a descending triangle stock chart pattern is present.

Main Groups of Chart Patterns

The triangle pattern strategy involves waiting for a breakout and using the formation’s height to set profit targets. It’s combined with tools like volume, moving averages, and momentum indicators to descending triangle chart pattern confirm the move and avoid false breakouts​. Descending triangle pattern indicates that sellers are more aggressive than buyers as price continues to make lower highs. Usually, traders watch for a move below the lower support trend line as it suggests that the downward momentum is building and a breakdown is coming. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower. A descending triangle short timeframe example is shown on the 1 minute ETSY chart above.

In addition to the main method of measuring the take profit using the descending triangle pattern, there is another measurement method. Due to the fact that one of the sides of this chart formation has a horizontal support level, it is possible to set the perpendicular line higher to the level of the highest high. This will also allow you to define the approximate target profit for an open short position. Descending triangles indicate to investors and traders that sellers are more aggressive than buyers as the price continues to make lower highs. It is a very popular chart pattern because it clearly shows that the demand for an asset or commodity is weakening.

While they can signal potential breakouts, it’s essential to approach them cautiously. Price often approaches this level and bounces off until the breakout eventually occurs. Descending triangles are used for technical analysis of financial markets and not fundamental analysis. When the candlestick price closes above the 15SMA, close the trading position. Do not apply the trading strategy during high volatility market environments. Secondly, draw a horizontal support trendline from left to right that connects the swing low prices of the pattern together.

The Federal Reserve didn’t surprise anyone Wednesday, hiking interest rates by 75 basis points to try and quell inflation. The Fed released its economic projections for the next few years Wednesday, and the central bank is convinced it can regain control of surging prices. The Fed now predicts US GDP will grow by just 1.7% this year and in 2023.

1. The communications services sector has been the best-performing S&P 500 sector of 2024 thus far, led by top performing stocks Netflix (NFLX) and Meta Platforms (META).
2. And on Wednesday, he is expected to take the stage (virtually, anyway) at the New York Times’ DealBook Summit in New York for a one-on-one chat with host Andrew Ross Sorkin.
3. “It’s currently an expensive market, and so I think that investors need for earnings growth to accelerate in order to justify these higher PE ratios,” CFRA Research chief investment strategist Sam Stovall said.
4. As stocks settle after the trading day, levels might still change slightly.

Just like in school, an A is better than a B, a B is better than a C, and so on — that means the better the score, the better chance the stock will outperform. Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The number of available jobs in the United States is expected to have shrunk a bit in October, though job openings are forecast to remain historically high. But both stocks have actually plunged this year due to worries that pet owners might be pulling back on spending. Petco’s solid sales could reassure Wall Street that this may not be the case after all.

US stocks open higher as investors await Fed Chair speech

Earlier this spring, the Fed expected unemployment to stay at 3.5% this year and next, rising to 3.6% in 2024. The Fed did not anticipate that it would have to raise its target interest rate by a one and a quarter points since then. However, he added that the Fed would likely be debating whether to raise rates by 75 basis points or just 50 basis points when it meets at the end of next month.

One upside of the implosion, Yellen said, is that it hasn’t spilled over to the banking sector. “Despite some promising developments, we have a long way to go,” Powell said, noting that the Fed has “not seen clear progress” on decades-high inflation plaguing the economy. Powell said he still thinks there is a “path to a soft or softish” landing for the economy, a hope that the Fed will be able to choke off inflation without leading to a recession.

SBF won’t shut up, and it’s driving lawyers mad

You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. ​Market volatility in the sector can affect trading volumes and revenue. The company’s demo The Daily Trading Coach account allows traders to practice risk management strategies. ​Despite market volatility, Coinbase has maintained robust platform performance and user engagement. The company’s trading alerts system helps users navigate market fluctuations effectively.

Follow the dot plot to see where rates might go next

McDonald’s reported third-quarter earnings and revenue that beat analyst expectations, with the company reversing a same-store sales decline from the previous quarter. For the third quarter, Crocs earned $3.60 per share, excluding items, on $1.06 billion in revenue, surpassing the consensus estimate of $3.10 per share and revenue of $1.05 billion, per FactSet. That said, the company’s fourth-quarter outlook range came in below expectations, and it also tempered its sales growth forecast for the full year. “It’s currently an expensive market, and so I think that investors need for earnings growth to accelerate in order to justify these higher PE ratios,” CFRA Research chief investment strategist Sam Stovall said.

Street expects PBR’s EPS for fiscal 2025 to increase 25.8% year-over-year to $3.14. It surpassed the consensus EPS estimate in three of the trailing four quarters. PBR’s stock has gained marginally over the past month to close the last trading session at $14.21. The disgraced former CEO of the crypto exchange FTX is expected to face tough questions about what he knew and how one of the most respected companies in crypto imploded so quickly. Petco, a leading pet supplies retailer and health and wellness company for pets, reported a 4% jump in sales from a year ago, slightly topping Wall Street’s forecasts.

U.S. stock futures are pointing slightly lower but major stock indexes are atfx broker review still on track to turn in a positive week after earlier gains on positive earnings news. Nasdaq futures are 0.2% lower, S&P 500 futures are down 0.1% after the benchmark index comes off a fourth straight session of gains, and Dow Jones Industrial Average futures are little changed after the index surged by 1.1% Thursday. Treasury yields are slightly lower and crude futures are down about 0.5%, while gold futures are about 1% higher. “We don’t see anything in our bookings data,” Kirby said in an interview on CNBC early Wednesday. I think the most likely and logical outcome is we continue largely unabated.” United reported another quarterly loss after the bell Tuesday but said it expects to be profitable in the final two quarters of this year.

Market prices in tiny chance that Fed won’t raise rates by 75 basis points

​Open an account with IG to access Coinbase shares through various trading instruments. Our platform offers comprehensive tools for market analysis and risk management. ​Partnership developments and strategic acquisitions could provide additional growth catalysts. The company’s robust balance sheet supports ongoing investment in strategic initiatives.

Early in the day, such cautiousness overshadowed optimism coming from reports by big U.S. retailers showing fatter profits for the summer than analysts expected. Gold also rose 0.6% and recovered some of the losses it sustained following Donald Trump’s victory in the U.S. presidential election, as investors herded into places traditionally considered safer during times of trouble. Treasury bonds, which are seen as some of the world’s safest investments. The rise in their prices in turn lowered their yields, and the 10-year Treasury yield fell to 4.39% from 4.41% late Monday.

We are positive about Halozyme’s collaboration deals with large pharma companies related to ENHANZE technology. You can also find a report on the ticker of your choice, or access How to buy a bot all of the stock reports covered by Zacks analysts. The trading app is expected to start trading on the Nasdaq Stock Market on July 29, a person familiar with the matter told CNN Business. Netflix said its projecting a growth of 3.5 million for the next quarter.

In this pine script tutorial I’ll be showing you how to get started with TradingView scripting for technical analysis and trading strategy development. We will start by looking at how pine script works and a simple example. From there we will move on to inputs and indicators before creating a complete trading strategy using pine script. Finally we will look at how to backtest, execute and publish pine script indicators and strategies. There are two types of pine script formats indicators and strategies. Indicators are used for technical analysis to draw lines and patterns on charts.

Plotting Forex market hours

Custom values can now be set for the percentage change used in the strategy. united states rates and bonds 2020 We can achieve the same for the studies and strategies created in Pine script by using the input() function. The first thing we will do is store Google’s daily open and closing price into a variable. We’ve seen that the security function can be used to display data for stocks not shown on the screen.

How & Why Publish TradingView Pine Scripts

To enable title names on charts, go to the top right corner of your chart dashboard and click settings. Go to “Scales” and enable the “Indicators and financials value” checkbox. In the case of multiple plots, I recommend you add titles to plots to differentiate them better.

In fast trending markets though this provides a simple but effective, risk-averse, trend following trading strategy. I would also add a second condition to both the entry and exit. travala binance and the dark side of crypto We want the market momentum to be in our favour whenever executing a trade and we don’t want to exit a position if it’s already turned and trending back up. One simple trick I’ve found works quite effectively for this is comparing the simple moving average with the exponential moving average for the same period. The exponential moving average puts more weight on recent data so when compared to the sma which is just the mean, it will therefore show the most recent market direction.

To retrieve Quandl data in Pine Script, search for the data you want to retrieve from Quandl and copy the data ID. TradingView has partnered with Quandl (Nasdaq Data Link) to integrate Quandl data in Pine Script. To do so, pass the values to return inside square brackets and separate them by commas.

Pine Script is a programming language developed by TradingView, used for writing proprietary indicators and strategies that can be added to your chart and used in technical analysis. TradingView has designed its ownscripting language called Pine Script. It allows users to createcustom indicators and run them on our servers. Pine was designed as alightweight 10 things successful forex traders do language focused on the specific task of developingindicators and strategies. Most of TradingView’s built-in indicatorshave been coded in Pine. It is our explicit goal to keep Pine accessibleand easy to understand for the broadest possible audience.

PineConnector for Tradingview

In Pine Script, you may or may not want to mention data types while initializing a variable explicitly. Click the “Open” button from the top right menu in the Pine Editor to see a list of all your saved scripts. You will see a candlestick chart representing your selected security’s open, high, low, and closing values. TradingView is a website that you can open in the browser of your choice. TradingView also offers a desktop version, which is also technically a browser designed explicitly for TradingView.

1. Following that, I’ll answer frequently asked questions that often arise in the context of Pine Script.
2. However, it fundamentally differs from Python in how it compiles the code.
3. The close, open, volume, etc., are some of the most common Pine Script built-in variables.
4. The and operator returns true if both conditions on the right and left-hand side of the operator return true.

Line 4 contains an annotation comment telling the compiler about the Pine Script version for code compilation. If you do not specify the version, the Pine Script compiler will use version 1.0. Unlike simple comments, annotation comments convey information to compilers.

Granted, TradingView has a very comprehensive database of data feeds. But if your strategy involves trading obscure markets, price data may not be available. Up until now we have mainly focused on lagging indicators and now it’s time to take on the somewhat impossible task of trying to predict the future. We create a volume indicator using the current volume compared to high and low over a period of 90 days (or whatever timeframe the chart is set at). In the next example we are building an indicator which uses multiple data points to create a “fear and greed index“. This will be overlayed on the chart to highlight areas of extremes where markets have become irrational.