Category: Forex Trading

Finally, if you’ve correctly followed my recommendations, you’ll have a similar big square and the diagonal line along the green cells. For such people, Gann offers an alternative method to apply the Square, which I’ll describe below. Before we start, I want to https://traderoom.info/ganns-methods/ say that many elements of this method are the same as the steps, I’ve already described. That is why I won’t repeat myself and write about them again. So, if you haven’t yet read the previous posts, I recommend you to get familiar with the last three articles to understand the present material.

Sign up to get the latest info about Optuma

Starting at the centre, the Gann Square of Nine is seen as a spiral of number with the primary value of “1”. From this, the value increases as the trader move in a spiral form in a clockwise movement. Starting to trade at the young age of 24, Gann had a reputation of being mysterious and profound. His Gann Square of Nine is an amalgam of geometry, astrology, and various math techniques from ancient civilizations. Before diving deep into what the Gann Square of Nine is, we must first get to know where the term came from.

What Are the Gann Studies?

The wheel of 24 (also known as the Circle of 24) is one of the most mystical charts used by W.D. The Wheel of 24 is extensively used by intraday and end of day traders of Gann theory. Optuma GannTrader offers full user control over time settings, allowing for 24-hour and calendar year settings. Because W. D. Gann taught both professional traders who had access to the floor data in additional to retail investors, Gann organized different methods to trade the Mechanical Method.

1. For example, when crossing the equator, i.e. 180 degrees, the opposite angle will create in the chart a new point with the size of one degree or 52.33 USD.
2. The charts in this article were prepared using my personal WAVETRADER / CYCLETRADER SOFTWARE.
3. For any trader studying Gann timing cycles, the ability to study cycles over a period of more than 100 years is critical.
4. For the accuracy of the experiment, I continued my observations, which I marked in the chart above.
5. Its principles hold true across various timeframes and market conditions.

Gann delineated a second variant which he earmarked the “Safest” method. He talked at length on the different types of reversal patterns you can use to identify an imbalance between supply and demand. Figure – 2 shows some of the bar chart patterns Gann looked for to confirm turning points or to get him out of trades quickly with minimal loss. Gann’s work included Money Management Rules and Trading Psychology concepts expounded by many of today’s top traders. He believed that you did not have to be in the market all the time to make money. Gann taken from his last book, How to Make Profits in Commodities.

1. However, you need to take calculations error into account for planetary ingress of planets with long orbits, like Uranus, Neptune, Eris.
2. They are hexagonal grids that have a fixed size and a specific number of cells, such as 6×6, 13×13, 19×19, 28×28, and so on.
3. It’s not just theory—Gann’s insights have been successfully applied by traders for decades.
4. The longer trading history you study, the wider is the selection, the more relevant will be your analysis.
5. I continue one of the most enigmatic and mysterious topics in the Gann’s works and, perhaps in all the studies devoted to trading, is the use of cosmogram and Square of 9.
6. These shapes can reveal critical price points based on the natural progression of the market.

From Humble Beginnings to Market Luminary

Now in 1996 I feel I have finally produced a tool that gives me total control over my own trading destiny. Along the way I have made the software available to other traders, and have been amply rewarded from their input. I have found over the years there are a continuous number of new people entering the market and losing money, some depart, others regroup and try to learn methods that will make them successful traders. Many charting platforms offer built-in tools for drawing Gann Angles. Once you have selected your timeframe (daily, weekly, etc.), plot the angle from a significant top or bottom. Use these angles to determine key support and resistance levels, as well as to time your trades.

First, I should identify the historical high in the price chart of the analyzed instrument. But still, I must note that this case is an example of how one may use Gann’s theories in the modern cryptocurrency market, rather than trading advice. For a complete analysis, it is necessary to expand the period of research for a few more years, as well as to study other planets that could also perform good results. It is clear from the chart above that on June 31 and on 15 March there will be the Conjuncture of the Sun and Mercury, so, it a bullish signal for me. In general, a combination of several consecutive bullish signals may indicate a possible start of BTCUSD bullish trend. Therefore, I should mark for myself, another discovered specific combination of planets that works for the BTCUSD.

Gann was a Mathematician who was known for his market forecasting abilities. Dedicated to studies and the expansion of his knowledge, Gann invested years reviewing records found in the Astor Library in New York, and in the British Museum of London, some going back as far as 1820. It’s from these observations Gann began working with natural cycles. Optuma GannTrader includes the Square of Four using the same graphical power as the Square of Nine chart. Optuma GannTrader includes the world’s first fully customisable and interactive Square of Nine wheel. It offers complete user control for quick and easy time and price target point identification.

Gann Theory traces its roots back to the early 20th century when W.D. Over the years, he developed his unique approach to market analysis, drawing inspiration from ancient mathematics and esoteric teachings. As you see from the chart above, all points are quite close to the chart extremes. If the historical high was later than a year ago, all the levels you’ve marked will completely coincide with the chart history. To figure out the historical points for the forecast, I need to mark these points in the future. Next, I attach all the levels to the dates in the chart, which are marked by the rest of the figure angles on the Chronograph.

Next, I analyzed all days, starting from January 1, 2018 to see how the planet is moving clockwise. However, at the shift between March 23 and 24, the planet started moving in the opposite direction, so, the Retrograde motion started. Therefore, each planet can’t move more than 90 degrees from the equator. The point of a the point of contact between the planet and the celestial equator is called the declination point. The next twin planetary ingress will be on February 12, 2019. On this day, the Sun will enter Pieces, and Mars will have just started joining Taurus.

Its fascinating blend of geometric design, numerological insights, and celestial phenomena distinguishes this tool from conventional trading strategies. For those seeking to delve deeper into market behavior, the Square offers an exceptional method of divining potential price movements and timing entries and exits with improved precision. Most analysts should be familiar with price retracement levels acting as support or resistance between trends of similar degree. Gann taught his students to measure prior price ranges and divide them into 1/8ths and 1/3rds, these levels can act as support in a downtrend or resistance in an uptrend. When a market reaches these levels and reverses, all the trader has to do to verify a trend change is to look for a clustering of time cycles on that day. Figure – 8 shows the recent 2086 low in the SPI on July 17 achieving an exact 50% retracement and the March 11 post election panic low at 2158 was on a 37.5% retracement.

Forward Market refers to a market that deals in over-the-counter derivative instruments and thereby agrees to take delivery at a set price and time in the future. In addition, the contract can be customized regarding the rate, quantity, and also about date. Yes, the forward market comes with risks even when it is a tool designed to mitigate risk.

A closer look at how AI is shaping the manufacturing sector’s future.

1. Spot markets trade commodities or other assets for immediate (or very near-term) delivery.
2. Spot rates and forward rates play crucial roles in various aspects of international finance, including import/export businesses, currency trading, and risk management strategies.
3. Forward and futures are Based on the delivery of the underlying asset at a future date.
4. Moreover, forward contracts must be adhered to as they are legally binding, and they oblige both parties to carry out the trade.

Futures prices can be in what futures investors call “contango” or “backwardation.” Contango is when the futures price of an asset–usually a commodity– is higher than its spot price. Prices in the “Future Vs. Spot markets” are determined once the two parties agree on the contract, which differs from spot markets, where prices are determined at the current market rate. Yes, trading in the spot market is safer than trading in other markets like the CFD or Options market thanks to its transparency and the absence of leverage. In the spot market, traders and investors profit from price fluctuations, leveraging quick real-time executions and a low barrier to entry due to its high liquidity. A spot market is a financial market segment where assets, commodities, or securities are traded for immediate delivery and settlement. A cash settlement is a method commonly used both in forwards, as well as futures and options.

Close Outright Forward

Exchange rate that prevails in a forward contract for purchase or sale of foreign exchange is called Forward Rate. Thus, forward rate is the rate at which a future contract for foreign currency is made. In an OTC transaction, the price can be either based on a spot or a future price/date.

Traders in the foreign exchange market leverage both spot and forward rates for speculative trading and hedging purposes. Spot rates serve as the basis for executing immediate buy and sell orders in the currency market, allowing traders to profit from short-term price movements. Speculative traders analyze spot rate trends, economic indicators, and geopolitical events to anticipate currency movements and execute profitable trades. Forward rates, on the other hand, are used for hedging currency risk and managing exposure to exchange rate fluctuations.

The risk of default in spot markets is usually low, but other issues, such as technical problems with the platform, high volatility, and emotional decision-making, can result in losses for traders. Even though forwards aren’t commonly used by individual investors, it is a great idea to get an understanding of what they are either way. If you wish to look beyond stock trading and bonds and diversify your portfolio. Once the connection between forward contracts and other derivatives has been established, you can start using these financial tools. Currency forward is an essential solution for institutional investors used as a hedging tool and is customizable. One of the benefits is that it doesn’t require an upfront margin payment and can be tailored to any amount necessary, unlike exchange-traded currency futures.

No regulatory entity oversees the forwards contract and the agreement it creates. It is legally binding since both parties to this contract agreed to its terms before it was enacted. First, the current spot price of the underlying asset provides a reference point for the forward price. The forward price usually trades at a premium or discount to the spot price based on interest rates and storage costs. The commission collects and maintains records pertaining to India’s forward commodity markets ensuring a comprehensive yet well-regulated marketplace for commodities trading in India.

What is a so-called free zone in Dubai (free trade zone)?

They can be traded at the exchange, which brings together the dealers and traders to trade different financial instruments. The exchanges that allow spot price dealings include New York Stock Exchange (NYSE), Chicago Mercantile Exchange (CME), etc. Most spot Forex transactions are conducted electronically through trading platforms with real-time quotes instead of physical exchange.

A spot market, also referred to as physical markets or “cash markets,” is a public financial market where commodities, currencies, and financial instruments are traded for immediate delivery. Spot market transactions are settled immediately, meaning that payments and the physical delivery of the asset are made ‘on the spot’ or within a short settlement period of up to two trading days (T+2). Non-deliverable forward (NDF) contracts are a type of financial derivative used in foreign exchange markets. Unlike standard forward contracts that involve the actual exchange of currencies, NDFs settle in cash and do not require the physical delivery of the underlying asset. They are typically used in markets with capital controls or where the currencies are not freely convertible. The settlement amount is the difference between the agreed forward exchange rate and the prevailing spot exchange rate at maturity, paid in a convertible currency.

Dubai Freezone Company (so-called FZCO).

The buyer runs the risk of not purchasing the underlying asset when the contract is settled When the value of the contract is positive, putting the difference between spot market and forward market seller in jeopardy. With better price discovery and risk management, resources can flow into the production and consumption of goods and services based on real market signals rather than being distorted by price risks. Forward prices generally converge to the expected spot price as the delivery date approaches. Longer the time to expiration, greater is the uncertainty and volatility in forward prices.

A Freezone company in Dubai can be sold without any problems – DLS Dubai will be happy to assist you with the process involved. There is no minimum capital or deposit of share capital with a bank required to establish a Freezone company in Dubai. FZCO stands for Freezone Company and is used to refer to a limited liability corporation. FZE in turn stands for Freezone Establishment and refers to a one-man company in a small emirate outside Dubai. Dubai Freezone companies can acquire, hold and dispose of real estate throughout the Emirate of Dubai.

With their single-story design and secluded porch, bungalows provide a cozy and intimate living space away from prying eyes. Villas, on the other hand, may have multiple floors and larger windows, making them more exposed to neighbors or passersby. Bungalows, on the other hand, have a simpler origin, with their roots tracing back to the Bengal region of India. The term “bungalow” refers difference between villa and bungalow to a single-story house with a low-pitched roof and a verandah, adapted by British colonists for its practicality and comfort. Today, both villas and bungalows continue to be popular choices, each offering distinct characteristics that cater to different lifestyles and preferences.

A key attribute of a bungalow-style house plan is its accessibility. All living areas reside on one floor, making them perfect choices for families, seniors, or those unable to use stairs. Picture this–you’re leafing through house plans, entranced by a quaint cottage-style house with charming dormer windows and stone walls. Then, your eyes wander to an open-floor bungalow with large windows and a sloping roof.

Their wood siding and trim are typically painted in earth tones. All of the bungalows that exist in America can be traced back to the single-story huts that were found throughout 19th-century India. This compact style of home was then brought back to England in the late 1800s, where it caught on quickly. Private pools, landscaped gardens, cozy fireplaces, and maybe a home gym create a haven for relaxation and reconnection.

When it comes to villa vs house, which is the better choice?

“Older kitchens are smaller than what we’ve come to think of as normal and functional,” she notes. California bungalows are quite similar to Craftsman bungalows—both have gabled roofs, overhanging eaves, and sizable porches. The exterior of a California bungalow is often made of stucco, horizontal wood siding, or shingles.

What is a Villa? A Complete Guide to Luxurious Living (

Mansions typically steal the show with their sheer scale, boasting upwards of 5,000 square feet and multiple floors. Villas, on the other hand, tend to be more intimate, usually staying under the 5,000-foot mark and often featuring single-story layouts. Another difference between these styles is that cottages usually find their place in peaceful rural areas, offering breathtaking views of nature. In contrast, bungalows tend to be located in urban settings and are generally used as permanent residences.

1. A villa is a large, elegant country residence typically located in suburban or rural areas.
2. Over time, a bungalow came to refer to a large dwelling, often representing high social status in both Britain and America.
3. Housing News Desk is the news desk of leading online real estate portal, Housing.com.
4. On the other hand, bungalows tend to occupy a larger area of land than their multi-story counterparts.
5. Although these two terms are often used interchangeably, they actually have distinctive differences in terms of their design, size, and amenities.

The Role of Location Climate in Your Choice

This type of bungalow house consists of open flooring and spacious rooms, which allow for more flexible designs. This design also has large windows for an indoor and outdoor connection. On the other hand, a bungalow is a small, single-story house, often with a veranda. Bungalows are known for their simplicity and functionality, and are often more affordable than villas. They are popular in suburban or rural areas, and are often chosen by retirees or those seeking a low-maintenance living option.

With their smaller size and simpler design, bungalows require less upkeep and are more cost-effective in terms of maintenance. Villas, on the other hand, may have larger grounds, multiple floors, and more amenities that require regular maintenance and upkeep. They now boast larger floor plans designed around open-concept living spaces, which often include loft areas–ideal spots for an extra bedroom, kids’ playroom, studio, or home office.

Can a Villa be Rented Out as a Vacation Property?

They both offer cozy living spaces designed to maximize comfort with a compact floor plan. Additionally, modern bungalow and cottage designs typically feature large windows for ample natural light. Villas and independent houses are stand-alone buildings that offer a comfortable and ample living space. They both stand in their plots that came with the building, but it’s not about the similarities between the two ends.

Over in the US dollar against the Japanese yen, we have seen a little bit of a pullback, perhaps a bit of a safety play due to the escalations in Ukraine. So, we’ll see how that plays out, but at this juncture, I think you’ve got a scenario where traders are Types of stock trading strategies looking at this dip more likely than not as a buying opportunity. After all, the market continues to look at 155 yen as a bit of a magnet for price.

News of the government debt crisis and immigrant influx in Italy and Greece resulted in a euro selloff, prompting the pair’s exchange rate to plunge. The Australian dollar has rallied a little bit during the early hours on Thursday, but we still look very sluggish to say the least. The Australian dollar of course is highly sensitive to Asia and commodities so pay close attention to those. If the market were to break to the upside the 0.66 level could be targeted. I wouldn’t hold my breath though, we are still well within the previous range. So, I think at this point in time, it remains a fade the rally type of situation here in the Aussie.

Crude Oil tries to claim $70 as geopolitics supports price

In fact, the fourth quarter has been dreadful so far for the European currency. Since late September’s yearly highs, above 1.1200, the pair has closed with gains in just one week. The Fiber has retreated nearly 8% since then or more than eight cents. JustETF is the leading knowledge base for your ETF strategies. We provide guidance with ETF comparisons, portfolio strategies, portfolio simulations and investment guides. Things from the EUR/USD spread to the number of different products available can vary from broker to broker, and we have thus created the following list of potential options you could go for.

Recent News: EURUSD=X

Thursday is setting up for a mixed US dollar, but in the bigger scheme of things, this is a market that still prefers the USD over most other currencies, despite the noise in the early hours of Thursday. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. The euro currency originated in 1992 as a result of the Maastricht Treaty. It was originally introduced as an accounting currency in 1999. All investment services are provided by the respective Wise Assets entity in what is a white-label broker in forex your location.

1. The Japanese Yen struggles to capitalize on stronger domestic inflation-inspired intraday uptick.
2. Now, any trader can get in on the forex action thanks to the world wide web and the various online broker entities that offer their services to traders worldwide.
3. ECB’s main objective is to maintain price stability for the Euro while setting and implementing the monetary policy for the Eurozone (including interest rates).
4. The currency pair indicates how many U.S. dollars (the quote currency) are needed to purchase one euro (the base currency).

The one thing that does help the Australian dollar though, is that the RBA during its last meeting chose to keep interest rates steady. The euro fell again during the early hours on Thursday as market participants continued to look at the 1.05 level underneath as major support. If the market were to break down below the 1.05 level, it could open up a much steeper fall, and I think probably US dollar strengthening across the board, not just against the Euro. Given that the most influential currencies in the world are currently the Euro and the USD, the pairing they form is the most actively traded pair globally. The EUR/USD is, therefore, a great place to start for traders who are new to the FX, and experienced traders also see a lot of opportunity in this pairing.

Curated List of The 10 Best Forex Brokers for EUR/USD Trading

Other currency pairs involving the U.S. dollar typically include the dollar as the numerator or base currency. As a result, when the dollar strengthens against the euro, EUR/USD moves lower, and during periods of dollar weakness (vs. the euro), the pair increases in value. More often than not, brokers are market makers, i.e., they dictate what the bid and ask prices are. The broker you choose is often one of the main factors that can determine whether your investments will be worthwhile. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.

Risk overview

The liquidity level tends to be very high, and the EUR/USD is a perfect example of this. The EUR/USD pairing is appealing to both traders and foreign exchange brokers alike, and it is one of the most traded currencies. Investors who stick to the EUR/USD pair when it comes to trading are, all in all, spoilt for choice when it comes to the number of online brokers they can pick from. They add hidden markups to their exchange rates – charging you more without your knowledge. EUR/USD currency pair represents the euro versus the U.S. dollar and is different than most others because the dollar is the denominator or quote currency.

As of July 2024, 20 of the 27 EU member countries use the euro, including the most recent addition, Croatia, which adopted the currency in January of 2023. According to the latest ECB figures, there are over 29 billion euro banknotes in circulation with a combined value upwards of €1.5 trillion. For example, the interest rate differential between the European Central Bank (ECB) and the Federal Reserve (Fed) can have a major influence on the value of these currencies when compared to each other. When the Fed intervenes in open market activities to make the U.S. dollar stronger, the value of the EUR/USD cross could pull back or decline due to strengthening U.S. dollar compared to the euro.

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts. Even asian stock markets us futures sink after fed’s rate cut though nearly 90% of the currency trades made around the world involve the U.S. dollar and the majority of pairs list the dollar first, the EUR/USD currency pair is always quoted indirectly.

Preliminary November HCOB Manufacturing and Services Purchasing Managers Index (PMI) data from Germany and the Eurozone will be featured in the European economic calendar. In case Services PMI unexpectedly falls into the contraction territory below 50 either in Germany or the Eurozone, the immediate reaction could cause the Euro to weaken further against its major rivals. The US Dollar (USD) benefited from upbeat US data and hawkish comments from Federal Reserve (Fed) officials on Thursday, forcing EUR/USD to turn south in the second half of the day.

Our smart tech means we’re more efficient – which means you get a great rate. The euro currency originated because of the Maastricht Treaty in 1992 and was introduced as an accounting currency in 1999. The euro began circulating in countries of the European Union on Jan. 2002 and, over the years, replaced the currencies of most member nations. The euro has become the second most active currency in the world behind the U.S. dollar and the EUR/USD pair sees the most trading in the world of currency pairs trading. Therefore, the directional indication of a chart corresponds to the base currency.

If the Manufacturing PMI recovers above 50 and the Services PMI comes in near October’s final print of 55, the USD could preserve its strength heading into the weekend and force EUR/USD to stretch lower. If 2023 could be described with one word, that would be “sentiment”. Through the last four years, the world has become a different one, and so have investors’ mindsets. As this year ends, some vestiges of normality are peeping in the near future, although the road is still long. The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone.

The BoJ rate-hike uncertainty, the upbeat market mood and elevated US bond yields cap the JPY. The USD climbs to a fresh year-to-date high and offers additional support to the USD/JPY pair. Later in the day, S&P Global Manufacturing and Services PMI data for the US will be watched closely by market participants.

It also conducts foreign exchange operations and takes care of the foreign reserves of the European System of Central Banks. Getting involved in the foreign exchange rate market used to be but a pipe dream for retail investors of days past. The market was simply not accessible for anyone but large simple scalping trading strategy entities such as corporations and hedge funds, but thankfully, those days are behind us. Now, any trader can get in on the forex action thanks to the world wide web and the various online broker entities that offer their services to traders worldwide.

Key data points

Please bear with us as we address this and restore your personalized lists.

Cardano Price Forecast: ADA could rally by another 30% as on-chain data signals bullish sentiment

The way currency pairs are quoted can vary depending on the country in which the trader lives—most countries use direct quotes, while the U.K., Australia, New Zealand, and Canada prefer indirect quotes. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries. Along the same lines, bad news from Fundamental forex trading the EU economy may have an adverse effect on prices for the EUR/USD pair.

Recent News: EURUSD=X

Thus, the source of the strengthening or weakening is not reflected in the rate. The EUR/USD rate can increase because the euro is getting stronger or the U.S. dollar is getting weaker. Either condition results in an upward movement in the rate (price) and a corresponding upward movement in a price chart. The EUR/USD pair is the most widely traded pair in the world. It mariadb development services is affected by factors that influence the value of the euro and the U.S. dollar in relation to each other and to other currencies. Compare our rate and fee with our competitors and see the difference for yourself.

1. The Australian dollar has rallied a little bit during the early hours on Thursday, but we still look very sluggish to say the least.
2. Either condition results in an upward movement in the rate (price) and a corresponding upward movement in a price chart.
3. According to the latest ECB figures, there are over 29 billion euro banknotes in circulation with a combined value upwards of €1.5 trillion.
4. The Currency Pair EUR/USD is the shortened term for the euro against the U.S. dollar pair, or cross for the currencies of the European Union (EU) and the United States (USA).
5. Below, you will find a list of the top ten brokers for trading the Euro Dollar.
6. Regardless, the interest rate differential continues to favor this market going higher.

The Federal Reserve Bank (Fed)

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas’ experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning. The Japanese Yen struggles to capitalize on stronger domestic inflation-inspired intraday uptick.