Classical analysis of financial markets

The financial result of a trader depends on the techniques and methods with which the trade is directly conducted. Each strategy has its own risk and return parameters, as well as specifics of determining the most optimal entry points in the market. However, a number of them have basic principles for selecting a deal and forecasting the future price movement.

These basic principles are incorporated into the classic understanding of financial asset analysis. We will consider today the key classical types of asset analysis.

I will identify the four main traditional types of financial tool analysis used by 90% of the fix api traders:

  • Support and resistance levels;
  • The price channel;
  • Elliott Wave Theory;
  • Patterns of financial markets.

1.  Support and Resistance Levels. The most popular type of trading, which consists of opening positions based on historical zones. These levels do not reflect a one-time testing of price zones, after which there was a corrective movement or impulse breakdown. To understand the principle of work, you can pay attention to the following image:

As you can see, the tool quotes tested the support level, after which they fought back and continued their growth. In turn, a similar quotation behavior was observed with the resistance level when the quotes reached the boundaries of this zone and subsequently turned back. It is in these zones that the most players post their pending purchase orders (in case of a support zone) or sell orders (in case of a resistance zone). I want also to note the fact that after the penetration of the support/resistance level, the past level can change its values. Thus, if the level of support is broken and the quotes go beyond the zone, it will act as a resistance level for future quotations.

2. The price channel, similarly to the resistance and support levels, displays an oblique range, in which the currency pair value moves in the fix apiforex market. Thus, these levels reflect a likely rebound from the inclined lines with a subsequent movement in the trend. This allows us to determine the further movement in the point of view of the market strength (impulse movement). There are technical indicators that display an inclined channel for the movement of the currency pair value, for example, Bollinger Bands and Donchian Channel.

3. Elliott’s wave theory already operates on the market for more than a hundred years and confirmed its right to be used by each fix api trader. The key message, according to this strategy, is the definition of a cycle in the market due to the wave counting. There are 5 waves, two of which are correlation, and three are related to the trend. As a rule, the peak of the second wave should not go beyond the ground of the first one, the target of the third wave is 161.8% of the first wave, the fourth should not go beyond the peak of the first wave and 50% of the third, while the fifth one has a target of 138.2% compared to the third. There is also a corrective formation ABC. According to Elliott, to understand in which phase the market currently is you need to analyze the last 150 candles. This strategy is written by a lot of classic traders and to learn more about it, I recommend you read more than a single book on this topic. Personally, I recommend you the following material –

https://www.metatrader5.com/en/terminal/help/objects/elliott/elliott_theory

 

4. Pattern trade is based on the regularities and technical formations, which are confirmed by the historical movement. This kind of pattern includes the trend continuation: a double bottom or top, figures of a flag and a pennant, a triangle and a “head – shoulders” formation. Also, there are various combinations of price bars, which can be taken as a signal for a trend reversal or the end of an impulse movement.

These classic strategies are used by almost every trader in his trading. And it is not strange, as they are confirmed by the time and the capital of other market participants. Moreover, they have a simple algorithm. However, not each of them can be turned into a trading robot that would trade using these strategies, rather than, for example, a scalping or arbitrage algorithm, which can be automated for the fix api forex markethttp://forexzzz.com/product/forex-zzz-lock-arbitrage/

 

 

How to get around the prohibitionsfrom the brokerage company

Trading is not easy. The market is constantly changing and regularly makes a challenge for the manager. Some trends get changed by others. Tools that showed the exact figures distort the results, and some do not work at all. In addition to everything, broker companies put the stick into the wheels by worsening trading conditions. In this case, this trend has been observed for more than a hundred years, because even in the days of Livermore, brokerage companies tried to inflate their customers.

However, the principle hasnt changed, but the mechanism has suffered a lot of reincarnations. Thus, brokerage companies use the following negative trading tools:

1. Failure to fulfill obligations under the treaty, which is often provoked by a non-return of funds after depositing the amount on the deposit;

2. Establishment of margins (spreads) and slippage of trading orders, which takes potential profit by several points and increases the loss by the same value;

3. Prohibition of the use of algorithmic trading.

There are other tricky moments in the work of brokerage companies, but I think these are the three main inconveniences for a fix api trader, which today we will take a closer look at. I’ll tell you how to get around these three prohibitions/negative factors of the brokerage company.

Let’s start with the first option. The contract.

Of course, it is difficult to find an ideal broker, but let’s be realistic: if the broker does not withdraw money, then there are only two reasons: you violated the terms of the official document or contacted a substandard company. And in most cases it is the second option. Therefore, the problem must be eradicated before it begins. View the ratings of brokerage companies, ask the manager or the forum to find out the opinion of current clients, see the types of accounts and methods of order execution. This will make it possible to form a more detailed understanding of which company is before you, because the result of fix api trading will depend on this. If you are still determined in choosing a broker, then ask for a contract and consult with a lawyer who can identify pitfalls.

Spreads and slippage

This moment is hard to bypass for the trader. But nevertheless, there are methods that allow it to be done. With quality fix api forex brokers this point in itself is absent. But there is also room for them. In order to reduce this figure, I recommend trading directly with liquidity providers for a brokerage company. This can be done with the help of trading via fix apihttps://en.wikipedia.org/wiki/Financial_Information_eXchange. Trading through this protocol ensures that applications are placed directly on the market, which allows using market spreads, without extra charges from the brokerage company and slippage, since all trading operations will be executed on the side of the market.

Of course, fix api brokerage companies ask for amounts to accommodate much higher than the average statistical standards.

Prohibition of the use of algorithmic trade.

As you know, some brokers earn from the losses of their customers, while there are trading robots that demonstrate a highly profitable and the main risk-free trading. That is why brokers restrict or completely prohibit this type of trade. To avoid this, you should immediately choose a quality broker with access to fix api. That is, those companies that pass by the criteria above. But if you already trade on the account and have positive statistics or no means at all, then there is a tool that allows you to trade the algorithm. This is a manual trading module that delivers bids to the broker’s server in the form of manual transactions. The algorithm specifies the use of tools for manual trading when opening positions. Thus, the brokerage company implies that the deals were opened in a manual mode. An example of such software can be found on the link – http://forexzzz.com/product/manual-trading-add-on/

These prohibitions on the part of brokerage companies only complicate the already complicated process of trading. However, for any inactive measures, there are counter-decisions.

 

Varieties of arbitration trading

The more traders, the more there are trading systems. The more systems, the more there are tools for them out there. Incorporating even minimal changes in the financial asset analysis into the fix api trading can radically change the vision of the entire market. For example, with the development of information technology, an enormous number of algorithmic systems have been developed.

Algorithmic systems are typically represented by trade robots or automated market tool fix apiforex software. In terms of development, this approach was fully automated with the type of trade as an arbitration that could not be applied to the foreign exchange market a few years ago. The trade algorithm has made this system a reality.

As you know, the fix api arbitration trading (http://www.investopedia.com/terms/a/arbitrage.asp) analyzes the course values of the same financial asset, but on different stock sites. That is, when the value of the same asset has distinct differences, based on the arbitration approach, the algorithm opens purchase transactions from that fix api broker, where the quotes are lower and sale transactions where the cost is higher, respectively. And when the quotes are returned to the normative values, the transactions are closed and several exchange rate points are recorded.

But this is only one approach towards arbitration trading. I highlight three key types of arbitration:

1. Fix api 2-leg Arbitrage

2. Latency Arbitrage

3. Triangle Arbitrage

The example and basics of the first one I named above. Key difference of the Fix api 2-leg Arbitrage is the opening of two positions toward exchange differences. This is also the principle that the automatic arbitration platform of Lock Arbitrage: – http://www.forexzzz.com/product/forex-zzz-lock-arbitrage/. As you can see from the description, through the use of known liquidity providers, it is possible to achieve a zero risk by selling via the financial protocol FIX.

Latency Arbitrage has a similar algorithm (which analyzes the value of the same currency pair between the fast and slow supplier of quotes), but only makes one deal. For example, when the cost of a currency differs from one site to another, the algorithm opens the transaction toward the values of a faster broker. This is the main problem with this method: such an algorithm is easy to identify and you need to know which broker is slow and which is fast.

Triangle Arbitrage allows you to make deals with one fix apiforex broker, but this algorithm involves opening three deals at the same time. To understand what the algorithm is about, let’s look at an example.

Three parties (a member or currencies) are required to perform such an operation.

We’ll call them player 1, Player 2, player 3.

Player 1 sells currency pair EUR/USD at the price of 1.0880.

Player 2 buys currency pair EUR/GBP for the price of 1.2300.

Player 3 buys GBP/USD for the price of 1.3400.

We see that the third player is buying at the different price from the market of 1.3382 (1.0880 * 1.2300). Thus, according to this arbitration strategy, it is necessary to perform transactions on the triangle and to enter into transactions with three parties according to the following algorithm:

  1. Purchasing EUR/USD of the first player on their own assets (for example, the minimum volume value of the fix apiforex): 100000 / 1.0880 = 91911.76 euros.
  2. Selling euros for pounds to the second player: 91911.76 / 1.2300 = 74425.01 pounds.
  3. Selling pounds to the third player: 74425.01 * 1.34 = 100131.51 dollars.

After these simple combinations, the trader is able to satisfy the three players’ requests and earn from it. The sum of the capital in seconds increased from 100 000 dollars to 100131.51. This is the whole point of triangular arbitration.

These three types of arbitration trading are entirely based on a algorithmic approach, because you need a commercial robot to perform a trade transaction. In the manual mode, this approach is not feasible.

Which set of indicators should I use for trading

The development of computer technology allowed the use of automatic trading elements in trading. So, various auxiliary advisers, scripts and technical indicators began to appear. In the trading terminal of fix api trader, there is a great abundance of various technical elements that facilitate the trading process.

However, such a wide choice of indicators makes you think: “Which technical elements should I use in my trading?” And today I will try to find an answer to this question.

As is known, there are several types of technical indicators:

• Trend indicators: display the presence of trend movement, its strength and current state of quotes;

• Oscillators: these are the leading group of indicators that indicate “overbought” and “oversold” financial asset;

• Volumetric indicators: reflect the presence of increased volatility due to an increase in the number of committed trade transactions;

• Custom: Of course, these indicators do not belong to a separate group. For example, similar indicators in the terminal fix api MT4 (https://www.metatrader4.com/en/trading-platform) are author’s developments, which can be attributed to trend or volumetric, or indicators of oscillators.

Returning to the question of choosing technical indicators, it should be noted that a stable result will be demonstrated by indicators from one group. It is not the species, but the group. For I recommend using in trading a combination of indicators of different types, but of the same group.

What do I mean?

Let’s look at an example. Take the popular forex strategy – “Trading Chaos” by Bill Williams. In his strategy, both trend indicators (Alligator) and oscillators (AO, AC) are used. That is, there are different types. However, they all reflect the direction of trend movement and entry points to the market in the breakdown of local fractal zones. This combination makes it more profitable to enter the market and look for points to exit from it.

To such indicators, I can relate and a combination of the same Alligator with the indicator MACD, or SAR and ADX. But at the same time, the use of the price channel and the indicator of Bollingerwill not make any sense.

Proceeding from this, it is possible to draw a small conclusion: all technical indicators should mutually complement each other and overlap the weak sides. Also, indicators should act in the role of the filter to select the most profitable entry points to the market.

What elements of analysis should be combined with technical indicators?

In addition to using classical computer elements for the analysis of financial assets, I also recommend the use of graphic objects to predict the future dynamics of price quotations of currency pairs in the fix api forex market. Namely:

• Fibonacci levels;

• Support and resistance levels;

• Price channels;

• Figures of the reversal and continuation of the trend.

Similarly to each indicator, the instrument you selected must confirm the predicted movement of quotations. That is, work in combination similarly to other indicators.

For example, when all signals from technical indicators indicate a decline in price quotations, as well as the value of the asset was beaten off from the support/resistance level or the Fibo grid– this is an additional confirmatory filter.

Important! Do not overdo the choice of technical tools for asset analysis. Only a small number of indicators can be combined with each other and, if you have 5 indicators from each group – this will not give a result. The best option is to use 3-4 indicators, as well as their combinations with graphic elements. There are also strategies that do not have indicators in their analysis – http://forexzzz.com/product/forex-zzz-lock-arbitrage/. Personally, I use a combination of MA and the price channel in my trading and compare them with wave formations. Thus, the indicators act as a filter, which confirms the presence of a certain wave cycle.

I draw attention to the fact that when choosing indicators for trading, it is necessary to rely on the very type of trading strategy and, again, apply only those elements that are combined with each other.

 

Modern sources of professional development for the trader

The level of knowledge and experience of the trader directly affects his financial result. And, of course, in a positive way. After all, a person who is constantly in motion and development will always keep pace with financial markets.

Today, I would like to consider exactly those ways to increase the knowledge of fix api trader who are able to change the understanding of the market and become the ground for developing a trading strategy. By how much knowledge is displayed in the steward of the manager (http://www.businessdictionary.com/definition/account-statement.html), this process needs to be taken as responsibly as possible.

And so, I will identify four key sources that can improve the level of skill of the trader:

  1. Training courses. There are a lot of both author’s and general (from companies) courses for traders on the market. Thanks to seminars (both remote and stationary), traders can learn exactly the systems for forecasting the future value of an asset, based on the company’s knowledge. However, I would like to note the fact that such knowledge may not be enough and the education process should be continued;
  2. Training thematic sites. Nowadays, there are already a lot of resources, where the content is collected specifically for traders, aimed to improve the activity from fix api trading. Typically, these resources are collected general principles of work in the market: from the methods of finding the point of entry/exit, to determine the parameters of money management (risk and money management);
  3. Video lessons. Perhaps the most effective way to learn new material and principles of asset analysis in the fix api forex market. In such video lessons, material is collected that affects virtually all aspects of trading. The base of such material on YouTubeexceeds tens, and even hundreds of millions of video content. Mathematical models, analysis of both authoring systems and public ones, analysis of the effectiveness of technical indicators, ways to identify support and resistance zones. All this is collected in the form of video, and I’m sure that this is not the whole list;
  4. Webinars. This kind of obtaining knowledge, in recent years has become very popular. The reason is that on such online master classes, as a rule, developers or traders introduce traders with their new developments or methods of trading in the market, which are not present in any of the sources I quoted above. That is, the webinars collected all the latest information, which allows you to become the first in obtaining knowledge about a particular issue, depending on the topic of the online event. For example, the next webinar for trading on the fix api forex market will be the online event “Arbitrage trading system with zero risk” (https://admin7914b9.clickfunnels.com/auto-webinar-registration13309000), which will detail the arbitration strategy and the main elements of the auxiliary Software, for the successful application of this algorithm. That is, the developer will acquaint himself with the principles and rules for the performance of arbitration transactions, with an arbitration program for the successful completion of these transactions, and will also give a free trade robot for use. This is the feature and advantage of webinars – getting timely and useful information.

As you can see, almost all sources of information enhancement are based on a remote format. And I think this is advantageous in the current conditions. After all, you can get up-to-date information without leaving your home.

Advantages of learning a remote format:

• Flexibility in time selection for trade;

• Ability to use several sources at the same time;

• Testing of material and analysis methods in parallel on the trading terminal;

• Gradual study of the material is possible.

I recommend using each source to improve their skills in the fix api forex market. This will allow to optimize the trade process and update the trading strategy to the current market conditions.

How to pick the best algorithm for trading?

A trader’s path from a novice to a professional is not easy and is rather thorny. Several unsuccessful trade operations make the majority to stop their fix api trading development at the very beginning of the path. However, those who have been engaged in professional trading for more than 10 years, remember the moment when you stand at the very beginning of the journey with a smile. Your income is much less than your profit.

A fix api trader works with money. So there’s more psychological pressure here. And you need to be able to deal with the psychological factors in trading, because in my subjective opinion 50 percent of success depends on it.

Unfortunately I will not be able to solve everyone’s psychological problems. But I can help you decide with the trade algorithm, to save you time looking for a best strategy for you. And that’s what we’re going to do today.

A trade strategy shows a trader’s actions in the marketplace, and therefore must be individual. You’ve probably noticed that one trade strategy can work perfectly in one trader and not work in the second. It depends on the trader’s approach and the preliminary expectations.

On this basis, there are several key elements in the choice of trade strategy:

  • Start simple. You shouldn’t immediately search for complex and cumbersome algorithms. You will start by simply crossing lines or trading from levels. Some traders only use these parameters and make good profit on the market of fix apiforex. Examine the basics, and then improve the algorithm.
  • At the same time with the first action create capital management parameters. If psychology is 50% of success, the next 50% is risk management and money management. If you have a decent algorithm, then applying these two components will already make you money.
  • Scale the trade strategy (as required). When a simple strategy makes money, it makes sense that new methods can worsen the result. However, if you have an option to improve the results by applying a new filter, why not use it in trade? I mean scaling the current strategy, not moving onto a new algorithm.
  • Automate the process. When you have a ready-made strategy that has a number of trading terms and includes parameters of risk and money management: http://www.investopedia.com/terms/r/riskmanagement.asp, it’s time to think about a trading robot. This would allow the psychological factor to be eliminated immediately. In addition, if the robot is going to have risk parameters, this important process of success will be fulfilled.
  • This option is better not for continuing the algorithm selection, but for “fast finish”. If you are unable to sell profitably or simply have no time, but you want to, then buy a ready trading robot and be a passive investor. There is a lot of ready software that can work with minimal fix api trader participation. For example, http://forexzzz.com/product/forex-zzz-lock-arbitrage/will allow you to set up a merchant robot and trade with a return of 30-40% per month with zero risk.

Determine what stage you are on and act. Using these principles will allow you to select and form a profitable algorithm for trading in the financial market. Whether it is a trade robot or manual trading, it is essential to determine the necessary conditions to choose the trade strategy for. This approach will allow you to select an algorithm for a specific manager and his trade preferences.

Types of arbitration strategies and their specification

Most recently I set a goal for myself to deal with popular strategies of high-frequency trading. For several weeks I collected content and analyzed both different software and just strategies for speculative trading. And today I want to share with you my observations and opinions regarding arbitration fix api trading.

Arbitrage trading (http://www.investopedia.com/terms/a/arbitrage.asp) is a modern type of trading operations in the financial market, which consists of the selection of assets not on the basis of their historical movement, but on the difference of the current value on different stock exchanges.

My search was reduced to three different types of arbitrage trading:

  • Fix api Latency Arbitrage
  • Fix api 2-leg Arbitrage
  • Triangle Arbitrage.

 

Fix api Latency Arbitrage

This type of arbitrage trading consists of the analysis of the same financial asset on different stock exchanges or in different brokerage companies with the subsequent opening of a trading operation where quotes are received with a delay.

Example:

The trader already knows which one of the two fix api brokerage companies has more relevant quotes, and which one delivers them with a delay. The algorithm analyzes the same asset, let it be EUR / USD, and when the fast broker cost 1.0850, and of the slow one – 1.0840, the robot opens the purchases on the accounts of the second broker.

From the shortcomings I note the fact that such an algorithm is easy to identify and if you open an account with a poor-quality broker – this carries an increased risk for investment funds.

Fix api 2-leg Arbitrage

Similarly to the first type, this one analyzes the exchange differences on two sites, but it opens the deal for the first and second. This allows you to find two quality brokerage companies and make transactions in the direction of the spread between the price of the asset in different companies. There is already ready-made software that performs automatic analysis and conclusion of transactions: http://www.forexzzz.com/product/forex-zzz-lock-arbitrage/. This program allows you to choose the prime broker and adjust the work of your broker, which will indicate a fast and slow broker. If the exchange difference between two identical assets is more than a given parameter, the robot will open the transaction.

Example:

Take the data similar to the example above: the price of EUR / USD in the prime broker is 1.0850, and yours – 1.0840. Parameter of opening of the transaction – at achievement of 10 points of a difference. Thus, the robot will open a deal to buy from the second and sell to the first. When the exchange difference returns to the normative value of 2-3 points of difference, the robot will close the trading operation. Let’s assume the cost was 1.0875 for the first broker, and 1.0873 for the second. Transactions are closed with results – 25 points from the sale and +33 points from the purchase. Thus, this trading strategy has no risks, because there will always be profit in several points.

Triangle Arbitrage

This type of arbitrage strategy is based on the analysis and discovery of several operations at once. And if fix api Latency Arbitrage and fix api 2-leg Arbitrage everything is clear, then the specificity of this kind is more complicated, although it is easy to execute. In order to understand this, let’s go through a specific example.

Example:

The trader analyzes the market and finds some deviations in the prices that are now present on the market. Let’s model the situation.

Trader A has 10,000 dollars in its assets and is looking for the most profitable investment zone. Trader B sells EUR / USD at the price of 1.0780. Trader C buys the EURGBP currency pair at a price of 1.2200. Hence, the GBPUSD rate is 1.3151. However, trader C buys GBPUSD at a price of 1.3155. Trader A, watching this situation on the market, decides to “wedge” into this triangle and perform an operation with all the participants.

As a result, the arbitration triangle looks like this:

1. Trader A buys the EURUSD currency pair from trader B for its assets: 100000 / 1.0780 = 92764.37 euros.

2. Trader A sells euros for pounds to trader B: 92764.37 / 1.2200 = 76036.37 pounds.

3. Trader A sells a pound to trader C for 1.3152 dollars: 76036.37 * 1.3155 = 100025.84 $.

Thus, the trader for a fraction of a second made three trading transactions with a yield of 0.025%.

These three types of arbitration have the same goal, but are fundamentally different in their specification and the algorithm for completing trading operations. Knowledge of the functioning of each strategy will allow you to study the specification in more detail and adjust the algorithm to the comfortable conditions of fix api trading.

What if the broker restricts the possibility of algorithmic trading?

Brokerage companies during almost the whole history of the development of financial markets, played against traders, setting large commissions, marginal requirements and mark-ups on financial assets. Of course, with the development of the market, the approach of the trader to the analysis and forecast of the future movement of quotations was also brewed. Thus, trading strategies, methods of analyzing the movement of price bars, sledge models were created and today there are many trading robots that allow to act without risk in the financial market, as well as automatically perform trading operations. Most of such software are implemented in the MQL market – https://www.mql5.com/en/market.

However, brokerage houses here also find a number of restrictions. After all, there are those companies that directly play against their customers, in particular fix api traders, limiting their trading based on algorithmic systems. For when a robot demonstrates a stable and fast-growing profit – this is a direct loss of a poor-quality brokerage company. And I will even note the fact that this restriction may belong to large, as well as eminent fix api brokerage companies.

In order to avoid this, has been developed asoftware that “masks” the trade, which is so banned by brokerage companies, namely arbitrage trading. One such program is the manual trading module for arbitrage trading – http://forexzzz.com/en/product/manual-trading-add-on/

This software creates the opportunity to trade fix api arbitration strategy (for more details on arbitrage trading read here), but in manual trading mode. That is, all transactions placed on the brokerage company’s servers will be read as transactions opened by the trader “by hands”, and not by the trading robot, which allows to circumvent the bans of brokerage companies.

So, if the algorithm will determine the exchange rate difference between different quotes, then all transactions will be opened through auto-click.

The algorithm of this software is in combination with Lock Arbitrage:

  1. The algorithm analyzes a number of currency pairs for the presence of exchange rate differences;
  2. If there is this difference, which is more than a certain number of points, the program makes a decision to open a deal. For example, the difference was more than 7 points that were laid in the program, only then the trade on the market fix apiforex will be completed. All that is below this value will not be taken into account and ignored by the software;
  3. The difference is that the transactions are sent not directly from the robot, but open through the manual trading module using the logic of the auto-click operation;
  4. The results of transactions are also fixed in this trading mode.

The manual trading module is suitable for use in the trading platform fix api MT4 (for technical specifications of the terminal, see the official website), and it is a program similar to auto click. This is what makes it possible to hide the process of algotrading. And those broker companies where manual trading has more comfortable conditions, operations through this software will have better characteristics than through automatic opening and closing of trading orders.

Advantages of the software of the manual trading module:

  • Allows to circumvent the prohibitions of brokerage companies on the use of algorithmic methods in the process of trading;
  • Uses more favorable conditions for manual trading, while making transactions using an algorithmic approach;
  • Uses automatic orders to open and close trading operations through manual trading tools;
  • Allows to use this module with various automatic tools of MT4 trading terminal;
  • Easily configurable for arbitrage trading, in particular for fix api Lock Arbitrage.

Thus, in order to circumvent the prohibitions on the use of software, more software was created! Traders – these are the people who can find a way out from any situation and make their own trading process.

Using this software allows you to optimize the process of algorithmic trading and circumvent the bans on the part of the brokerage company.

Overview of the main forex social networks: why can they help the trader?

Social networks play one of the key roles in today’s world. Every day, we visit these resources and communicate with friends or colleagues.

In trading, the same situation. To find the professional’s opinion, you can get the profile on social networks and ask any questions you want. Moreover, there are special sites that aim to increase the social activity of the traders, by discussing the market, publishing signals or results of their trade strategy. These are the sites we’re going to talk about today.

The first thing to note is that tracking results or publishing your work is aimed at improving the result in trading. After all, you can see what you write or what a successful trader sells, ask for an opinion on your signal or analysis. Such resources are a source of useful information and, at the same time, networking, which enables the development of fix api trader his trade.

Yet what resources are available for social activity in the fix API Forex marketplace?

1. MQL

Perhaps one of the largest resources. Yes, you can’t call it a social network, but there’s also a forum where both traders and software developers find interesting topics for themselves. Also, the trade signals service brings together managers and investors. Here you can ask any question about the software, trading, developing author signals, and opinions on products or signals from the actual customers.

2. Tradingview.com

The service is designed to build technical analysis and monitor the current state of the market. Basically, you can view quotes for all currency pairs, shares, indexes, futures, and so on. A huge database allows you not only to build your prediction on any financial instrument, but also to share it. This creates a circle of traders, where you can track all the published ideas and their results.

3. eToro.com

A service similar to Tradingview, where you can publish trade signals. But! For a separate fee. That is, the entire material and the community is generated only after the subscription. However, you can write to the author to ask for an opinion about a financial asset.

4. fxsocialnet.com

The purpose of this resource is to publish the trading results, where everyone can see the manager’s scores, profitability schedule, and to communicate with the market about everyone in the system. Also note that there is a detailed schedule of the manager’s trading algorithm, trade specification, and the cost of the subscription.

These social sites allow you to better understand market characteristics as well as different views on the market. You can, for example, view the recommendations on Tradingview or eToro, and based on this, make a decision about investing in an asset.

In addition, social activity can help the trader:

  • To create a name among other market participants. After all, if you place quality content in your profile or publish profitable signals, you will be able to attract interest;
  • To find the answer to any question;
  • Get an opinion on your fix api trading strategy or even ask other members of the social site;
  • Identify profitable trade strategies;
  • Optimize your trade algorithm.

I advice every fix api trader to engage in social activity, because in the fight against the market, it is better to know the opinion of the majority, which will allow for more accurate forecasting of the future of the asset price movement. These resources can also demonstrate your professionalism as well as attract external capital to your trading.

How much should a trader pay for software?

Becoming a successful trader, primarily depends on the acquired experience and skills in the financial market. After all, this sphere requires a special and long-term approach to mastering the methods of analysis and forecasting the value of financial assets. Thus, first of all,marketing strategies are being developed and constantlygenerated, as well as the understanding of the market, rules of dealing with assets and risks. But in the end, everyfix api trader comes to automate his process by creating algorithmic strategy or other software, which aims to improve financial result from trade.

And of course, a huge role in it plays the factor of who and for how much can turn the strategy into a robot, create an information or signal panel, create a script to regulate open positions, and so on.

I want to note that, first of all,the cost of the software depends on its complexity and specification, which will be incorporated into it, but I think this is understandable. That is why, every trader buys or orders software, depending on its complexity and economic outputs. That is, if with the implementation of software, the profitability from trading operations will grow, for example, at fix apiforex, then you should immediately purchase the program data.

And yet, how much should a trader spend on buying software? I will highlight a few key points that will determine the cost of the software and on the basis of which it will be possible to determine more precisely the price.

1.Type of software. As I said, the complexity of the program will increase its cost. So for simple scripts, the average cost will be about 30-40 dollars, for information panels 50-100 (depending on the completeness of the information), for trading robots and signal panels the price increases several times and can become within 500-2000 $. Again, it all depends on the complexity of the trading algorithm. If your system is based on the intersection of medium-slippery, then the price is clearly not $ 2000, but if you have an integrated trading strategy that is based on author indicators and fixapi trading techniques, then prepare to write a large check.

* I emphasize, that this is the cost of software development, which only later, you, as the author, you can resell. As a rule, the cost of selling ready-made software, and not under the order, is a little cheaper.

2. Integration with the trading terminal. If the program is universal and can be used on various trading platforms, it raises the cost of the software, because otherwise there are several types that will differ by the program code. For example, a trading robot that trades through the fix api MT4 platform will not work on MT5 or any other terminal. If the program is a separate software and does not depend on the terminal, it can raise its value by half, and the cost – somewhere in one and a half.

3. The possibility of trading through the FiX protocol. There is very little number of software on the market that trades through this protocol. Typically, these trading robots are designed for arbitrage or scalping strategy and the cost of which ranges from $ 1000 to $ 1500. But there are more expensive products on the market, after all, there are very few such programs.

To determine if you can afford software or not, I recommend:

  • Determine the economic effect of the perches of the program (how much you can earn on it in your trade);
  • Will it fit your trading style?
  • Will it fit into your trading strategy.

I still want to point out that you need to determine the value from your investment opportunities, because this is an investment in yourself and in your trading. Banks can spend millions on automatization of the trading process, like brokerage companies, but for simple traders, this amount is not feasible. And I recommend that you spend no more than 30% of the net profit from fixapi trading. After all, the presence of profit, will indicate a working algorithm that can be automated or software can be createdunder it.