RSI Reversal Signals, the "Little Known" Key to Successful Forex Trading

Have you ever wondered what makes a Forex trading signal a success? Obviously if it makes pips, there is very little if no drawdown, it happens often and you can count on it to be successful much more than it fails. Wouldn’t that be the definition of a successful Forex signal?

I would like to give you some information that took me nearly three years to find and I stumbled on it while reading a book by Constance Brown a well known trading author. In her book she mentioned that she knew Andrew Cardwell THE expert on RSI, the Relative Strength Index. She said he could discuss the nuances of RSI for hours. This was enough to get me interested.

Now almost 3 years later I have discovered mounds of information on RSI that is not available in any books I know of, or is nowhere on the Internet other than in my eBook, my website and the articles that I have written for EzineArticles. Here is a little of what I know.

Reversals are little known

Reversals are trading signals discovered by Cardwell as a student of Welles Wilder the man that created the RSI. Welles Wilder moved on to other things but Cardwell stuck with RSI and in doing so discovered reversals.

Reversals are not divergences

Many people associate trading RSI with divergences. But Divergences are signals on RSI that indicate a trend is slowing and will retrace. Reversals are momentum signals that do something much more productive.

Reversals mean trend continuation

Reversals are trading signals on RSI that mean price is ready to rejoin the previous trend. Trading with the trend is a much more powerful way to trade simply because momentum in trading is strongest with the trend than against it. Reversals tell the trader when momentum is changing in the direction of the trend and they can be found on any currency pair and any time frame.

Reversals read momentum

RSI trading is about trading with momentum. There are 4 RSI Trading Signals all which reveal information about momentum in the market. If no momentum exists than regardless of the signal there is no trade.

The RSI reversal is one of the best kept secrets in trading. Traders who learn how to locate these reversals or use The RSI Paint Indicator which automatically locates these signals will benefit with trades that are highly profitable because they are momentum trades with the trend.

Source by Paul W. Dean

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source http://blog.bigfinancial.co.uk/rsi-reversal-signals-the-little-known-key-to-successful-forex-trading/

How To Keep Track Of Gift Certificates

Why you should keep track of gift certificates

If you’re a small business and you’re giving/selling gift certificates (also called gift vouchers) to your customers, chances are you don’t have an integrated gift card solution which can be quite costly.

Hence, if you offer gift vouchers to your customers, you need a way to keep track of them, mainly for fraud and accounting considerations. Let’s see why this is necessary:

• you must prevent customers from fraud by reprinting a gift voucher, hence making your business lose money.
• if you allow customers to redeem a partial amount of the certificate value, you need to know which amount is still available to redeem.
• you also need to find out which certificates have been redeemed, if you want to evaluate the performance of your certificate program.
• you may also be interested in getting more fine-grained knowledge about the gift voucher: when it was sold, which promotion it was part of, etc…

Keeping track of gift certificates using a manual code

In this tracking system, you need every certificate to have a unique, random certificate number. Indeed, to be able to identify a certificate, its serial number needs to be unique. A random number is also important in that it disallows people from reprinting a certificate and using a text formatting program, to change its serial number to make it look like a valid new one. Actually, in order to lessen the possibility of people guessing a valid code, you can also incorporate letters and other special characters in the serial number.

How to generate gift certificate codes

You can either use a random code generator software or generate the codes yourself. In any case, make sure you hold a registry of current certificates in use. You can use Microsoft Excel or any spreadsheet program to keep such a list. You need to make sure that customers cannot see such a list, as you don’t want to them to know valid certificate numbers. In this file, you may want to specify certificate serial number, issuing date, certificate value, redeemed amount, and any other information you find valuable to track, such as what promotion the certificate is part of, whether it was sold or given to the customer, etc…

An easier option: generating bar codes for gift vouchers

If you want an easier and more automated way of keeping track of gift vouchers, you could print a bar code on every gift voucher so that it integrates nicely with your Point-Of-Sale software. Contact your point of sale software vendor to see if they can provide such integration.

Source by Tommy Jarnac

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source http://blog.bigfinancial.co.uk/how-to-keep-track-of-gift-certificates/

Forex Expert Advisors Vs Automatic Trading Robots – Which is Better?

Two of the ways in which you can trade the currency market without really locating entry points yourself is by using an EA (Expert Advisor) program or an automatic trading robot. These two solutions have become widely popular in recent years with the advent of the Internet and other technological developments.

What is the difference between an Expert Advisor and an automatic Forex robot and which one should you use?

There are many similarities between EAs and trading robots:

1. Both are software programs which were developed to trade the market on your behalf.

2. EAs and robots both take care of the analysis part of the trade. They go over the current market prices and based on their internal algorithms and technical indicators, they discover the entry points for high probability trades.

The second similarity makes using either of these two solutions a low hassle way to take part in the currency market.

However, there is one major difference between EAs and automatic trading robots: EAs don’t really trade on your behalf while robots do.

You see, EAs just provide you with trading signals. They tell you when they believe you should trade but they don’t actually place the trade for you. This does mean that you need to be around to place the trade but it also gives you an additional layer of control, a final “veto” so to speak in which you can decide whether to follow the signal or not.

Automatic trading robots are an entirely different thing. A robot takes care of the entire trading process for you. It discovers where to place the trade and actually enters it for you. It also exits the market on your behalf, and it’s all done automatically without your active participation.

There is certainly something appealing about such a low hassle way to trade the market as a robot gives you but it also means that you’re not in control. An Expert Advisor is a much better way to be involved in the market and perhaps even learn something new about it.

If you want to be more involved in Forex trading, then an EA is the right solution for you. If you don’t then a robot may be better.

However, know that it is always good to know more about how the market is run. For that, a robot doesn’t really work. It can make you money, but it can’t teach you anything.

Source by John J. Drummond

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source http://blog.bigfinancial.co.uk/forex-expert-advisors-vs-automatic-trading-robots-which-is-better/

What Is the Best Indicator to Use With Renko Charts?

A commonly asked question on renko charts is whether you need to have additional indicators to trade on the chart. And if yes, what are those indicators that are best suited to trade with renko charts.

As you might know, renko charts are strictly based on price. Time, which is plotted on the x-axis, is irrelevant when it comes to this unconventional chart type. Based on the number of pips price move, which can be determined by yourself, the renko bricks plot the price bricks accordingly. You might know that probably the best indicator is price itself. Therefore, by determining the price action and the patterns that are formed, traders don’t really need to have any further indicators to be used.

Depending on your level of understanding of the financial markets, such as identifying trends, highs/lows formed in price, the retracements and so on, traders have a higher chance of capturing prices at a good level to enter into the trend. Even without using indicators, renko charts can help you to scalp the markets, whether you are in it for 10 pips or 100 pips, renko charts makes is entirely possible depending on the type of technical trading strategy that you make use of. It is entirely up to the trader and depends on how they want to conduct their renko analysis of the charts and also in determining the brick size..

Money management or risk management can also be utilized when trading with renko charts and especially without indicators. Due to the very nature of the reversals in renko boxes, it can be of great help when traders can position themselves in a trade based on understanding the price and other technical patterns are more easy to spot in this chart type.

For example, we know that a renko box reversal occurs when prices moves twice the box size in the opposite direction. Therefore, the risk of a reversal is always two times the box size. For example, 20 pips for a 10 pip renko box and so on. With this information, traders can prepare their positions before hand and thus be able to set a minimum take profit of 3 times the renko reversal, which in our example would be 60 pips. This, this effectively puts the risk at 20 pips while the reward at 60 pips, making it a 1:3 risk reward set up. Conservative traders can make use of a 1:2 risk reward as well, such as 20 pips risk and 40 pips reward.

This same principle can be applied to the renko chart analysis, regardless of whether you use indicators or not. Traders can build a money management strategy which allows them to make consistent profits regularly. We mentioned earlier as to what is the best technical indicator to use with this chart type. We suggest making use of moving averages and an oscillator, or making use of Bollinger bands and an oscillator.

Many a times Forex forums tend to be overrun by renko traders who make use of complicated indicators. It doesn’t quite help and it does not give you an edge in the markets.

In summary, as outlined in this article, traders don’t really need to make use of additional indicators to trade renko charts profitably. However, having said that, there are a few technical indicators that work well with renko charts.

Source by Chartist Ranga

The post What Is the Best Indicator to Use With Renko Charts? appeared first on Big Financial BLOG.

source http://blog.bigfinancial.co.uk/what-is-the-best-indicator-to-use-with-renko-charts/

Online Bitcoin Trading: Discover The Keys To Earning A Formidable Income Trading Bitcoin

Step 1 – Do Your Research

Bitcoin is a peer-to-peer payment system, otherwise known as electronic money or virtual currency. It offers a twenty-first century alternative to brick and mortar banking. Exchanges are made via “e wallet software”. The bitcoin has actually subverted the traditional banking system, while operating outside of government regulations.

Bitcoin uses state-of-the-art cryptography, can be issued in any fractional denomination, and has a decentralized distribution system, is in high demand globally and offers several distinct advantages over other currencies such as the US dollar. For one, it can never be garnished or frozen by the bank(s) or a government agency.

Back in 2009, when the bitcoin was worth just ten cents per coin, you would have turned a thousand dollars into millions, if you waited just eight years. The number of bitcoins available to be purchased is limited to 21,000,000. At the time that this article was written, the total bitcoins in circulation was 16,275,288, which means that the percentage of total bitcoins “mined” was 77.5%. at that time. The current value of one bitcoin, at the time that this article was written, was $1,214.70 USD.

According to Bill Gates, “Bit coin is exciting and better than currency”. Bitcoin is a de-centralized form of currency. There is no longer any need to have a “trusted, third-party” involved with any transactions. By taking the banks out of the equation, you are also eliminating the lion’s share of each transaction fee. In addition, the amount of time required to move money from point A to point B, is reduced formidably.

The largest transaction to ever take place using bitcoin is one hundred and fifty million dollars. This transaction took place in seconds with minimal fee’s. In order to transfer large sums of money using a “trusted third-party”, it would take days and cost hundreds if not thousands of dollars. This explains why the banks are violently opposed to people buying, selling, trading, transferring and spending bitcoins.

Only.003% of the worlds (250,000) population is estimated to hold at least one bitcoin. And only 24% of the population know what it is.

Step 2 – Set Up Your E-Wallet

In order for you to transfer your bitcoin to a friend of family member, you and they must both have an e wallet. If you would like to use a bitcoin ATM, you will also need to have an e wallet, in order to withdraw any money from your account. And finally, to facilitate the transfer of your funds to and from a trading platform you will need to do it via an e wallet.

To set up an e wallet, there are a myriad of company’s online that offer safe, secure, free and turn-key e-wallet solutions. A simple Google search will help you find the right wallet for you, depending upon what your needs are exactly. Many people get started using a “blockchain” account. This is free to set up and very secure. You have the option of setting up a three-tier login protocol, to further enhance the safety and security, in relation to your e wallet account.

Step 3 – Purchase Some Bitcoin

To buy any amount of bitcoin, you are required to deal with a digital currency broker. As with any currency broker, you will have to pay the broker a fee, when you purchase your bitcoin.

There are a myriad of bitcoin brokers online. A simple Google search will allow you to easily source out the best one for you. It is always a good idea to compare their rates prior to proceeding with a purchase. You should also confirm the rate of a bitcoin online, prior to making a purchase through a broker, as the rate does tend to fluctuate frequently.

Step 4 – Trade Your Bitcoin Online And Earn A Steady Passive Income

Finding a reputable bitcoin trading company that offers a high return on your investment is paramount to your online success. You must ensure that your chosen trading company is fully automated & integrated with blockchain, from receipt to payment.

To use conventional banking as an analogy, the blockchain is like a full history of banking transactions. Bitcoin transactions are entered chronologically in a blockchain just the way bank transactions are. Blocks, meanwhile, are like individual bank statements. In other words, blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings.

Your ROI should also be upwards of 2%+ per day because the trading company that you are lending your bitcoin to, is most likely earning upwards of 10%+ per day, on average. Your ROI must also be automatically transferred into your “e-wallet” at regular intervals, throughout your contract term. There are a few different reputable trading platforms out there. All of them offer distinct advantages and disadvantages. For an example, there are company’s that will pay out as much as 10% per day with no contracts whatsoever. You can also find company’s that will give you a 3.33% per day return on your bitcoin, on a sixty day contract. There 90 day contracts which pay out 2.2% per day, however, they offer commissions from referrals that join using your affiliate link. Personally, I believe it is best to spread the risk across all three of the aforementioned platforms.

With online bitcoin trading, it is not unheard of to double your digital currency within ninety days or less. That means that investors are consistently earning 2.2% per day, or more. One of the aforementioned platforms will double your bitcoin in ten days because they are paying out 10% per day with no contract. I always advise my clients to start out small. Never put all of your eggs into one basket. Once you have familiarized yourself with the first of three platforms, you should set up the second account, learn it and finally get your third account up and running. Most people start with earning 2.2%, then move up to 3.3% and finally to the 10% per day platform.

If you are required to conduct tedious activities such as logging into your account, sending e mails, clicking on links etc, you definitely need to keep searching for a suitable trading company that offers a set-it-and-forget-it type of platform, as they absolutely exist.

Bitcoin trading company’s will automatically transfer your profit into your “e- wallet” as long as you provide them with your personal e wallet address. If you are on a 90 day contract, you will be paid out in 90 days. The 60 day contracts will pay you out in 60 days. And with the 10% per day platform, you are able to pull out your interest and principle any time, should you choose to exercise that option.

In order to withdraw money in your local currency, from your e wallet, you are required to locate a bitcoin ATm, which can often be found in local businesses within most major cities. Bitcoin ATM’s can be located by doing a simple Google search.

Source by Brett Steiner

The post Online Bitcoin Trading: Discover The Keys To Earning A Formidable Income Trading Bitcoin appeared first on Big Financial BLOG.

source http://blog.bigfinancial.co.uk/online-bitcoin-trading-discover-the-keys-to-earning-a-formidable-income-trading-bitcoin/

Swap the Currencies With Forex Trading

Foreign exchange trading which is most commonly known as Forex trading deals with buying and selling of currencies. Forex trading generally happens through an exchange and these exchanges facilitate exchange of currencies between the investors who are participating in the exchange deal from two different locations. These deals happen online and are traded at either at a pre-determined price or at current market price. Forex trading is the largest trading in the world after credit market trading. Various financial institutions and international banks are key participants of Forex trading.

The trading happens in different times in different parts of the world. The closure of Forex market in one country will be followed by the opening of another country’s market. This is the reason behind the fluctuations of Forex rates throughout the day across the world. And this is the reason many fear to invest in Forex. However, modern trading strategies cushion you and your investment to the maximum extent against such unexpected circumstances. Having an idea or knowledge on modern Forex trading techniques would enable you to be conservative while participating aggressively in Forex trading.

There are numerous online and offline Forex stock brokers available who can guide and manage your investments. Having an experienced and professional help is always a good way to go for Forex trading. These stock brokers know a variety of Forex entry and exit strategies which will stop your losses and maximizes your returns. They are well equipped with information and are proficient enough to anticipate future with the help of information. Their strategies have been proven right in Forex markets worldwide and are making much higher profits for many.

The trading strategies by the brokers are generally crafted based on individual investors. Before crafting and applying a particular strategy on behalf of a client these people will assess various risk-related factors and then move to the next level if the risk level is comfortable enough. The risk factors are generally based on individuals demographic, economic and financial attributes which decide their ability to spend and attitude towards investments. All these factors definitely occupies higher slot in setting and implementing a Forex trading strategy.

As most of the strategies are crafted based on the individual’s abilities they generally yield good returns. However, the markets are highly sensible and are fluctuating so, keeping an eye on the information and being alert are two essentials for any Forex trader. Sometimes one crafted strategy may not be suitable for the same individual at some other point of time. Hence, having only one strategy for the same individual at different points of time is not a good idea.

Source by Rizvana Manzoor

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source http://blog.bigfinancial.co.uk/swap-the-currencies-with-forex-trading/

Yandere Simulator – A Stealth Video Game For The PC

Yandere Simulator is a free video game for PC users. It is a stealth type video game where the players play as a high school girl named Ayano Aishi. She is in love with her senior, senpai and wants to attain his attention by any means possible. It is quite a unique game with an addictive gameplay and good graphics. However, it is still in development stage and until it gets completed, it’s going to be a bit buggy.

The concept

Yandere Simulator is based on a typical Japanese high school theme. Ayano Aishi has a huge crush on her senpai and wants his love. However, she’s a bit reluctant to talk to him directly. And, to make things more difficult, it seems like her senpai is quite popular as other girls in the school are also trying to get close to him. Ayano has to eliminate her competition, and she can use all possible means to do so. Even blackmailing and killing other girls is allowed. However, she has to do these missions quietly, when no one is looking at her. Thus, comes the stealth element.

What’s in it for the players

Because of its high school drama element, the game is quite popular among the teenagers. However, that doesn’t stop some grown-up video gamers from playing the game. The gameplay is good despite the fact that the game is quite full of bugs. Control options are great, and the missions are challenging. To progress in the game players have to tasks that are quite immoral in the real world. However, it is this element that makes the game unique and addictive. Players have to complete the tasks without leaving any traces. Otherwise, Ayano will get caught and the game ends.

The game is quite detailed and relates quite much to the real world. For example, there is a social element in the game and that we live in a large group, we don’t want to get caught for the wrongdoings, etc.

The game is not complete

Again, Yandere Simulator is still in development stage and what available is the beta version. The developer of the game has made the beta version available on the internet for download and installation without spending any penny. Simply visit the official website to download the game. The download file is actually the game launcher using which you can also update the game. The game developer usually makes the update available after two weeks.

Since the game is still at testing phase, players experience quite many bugs, errors. In some cases, the game launcher doesn’t work and sometimes the game crashes. Also, you will never win the game because it is not complete yet.

Source by Sudeep Thapa

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source http://blog.bigfinancial.co.uk/yandere-simulator-a-stealth-video-game-for-the-pc/