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WHO AM I?
(2 minute read)
What’s up guys its Colt here. I don’t know if you know but I’ve been trading forex for over 5 years now. I started when I was 17 going on 18 years old and it completely changed my life. Obviously this isn’t for everyone… But if you work your a$$ off and are willing to dedicate time and energy into learning how to properly trade anything is possible. Let me remind you I’ve NEVER worked a job in my life. When I was 17 years old I was getting into a ton of trouble in school and with the law. It wasn’t just affecting where id be in the future but it was affecting my relationship with my own father. You see I don’t have a mom in my life.
My dad is the sole provider for the family. My older brother told me one day “Colt you need to realize that your actions aren’t just affecting your life but you’re slowly but surely killing our dad with all the stress you’re putting in his life!” That hit me like a train… You see everyone little action you make has a reaction (Good for bad). I decided to look for work to get back on my dads good side. It was a struggle but long story short I was introduced to forex and it changed my life.
At 19 years old I hit a 6 figure income and started living my dream life. But what really impacted me to put 110% into learning forex was my WHY (What, hurts, you.) My dad was my why. I needed to prove to him that my past doesn’t define who I will be in the future. Everyday I look back at where I first started and am so grateful for who I am today and how much I’ve grown as Colt. We all have dreams and goals. I want you to think of forex as a way to get to your dreams and goals quicker.
DISCLAIMER: I am not a financial adviser. The videos i post on my channel are for educational and entertainment purposes only. I’m just showing you guys how I invest/day trade and if you can take my ideas and create a foundation based on my opinions, great! But beware, investing of any kind involves risk. Your investments are solely your responsibility. While day trading can bring serious gains, it can also bring serious losses! So make sure you do your own research to fully understand the markets.
Forex Event Driven Trading Definition, How To Tell If News Will Be Positive Or Negative (Forex).
Event-driven organisation intelligence strategy for real-time assimilation of technological as well as essential analysis in foreign exchange market
Foreign exchange market is the most fluid economic market as well as the largest market worldwide. Foreign exchange market has actually been evaluated using two isolated methods, technological analysis as well as essential analysis. Technical analysis attempts to predict the motion of prices by examining the historical data of the marketplace whereas essential analysis concerns basically with the overall state of the economic climate. Counting on one kind of analysis restricts the quality of trading choices consequently investors usually gain understanding into the marketplace by evaluating several factors which may affect the marketplace state as well as the rate motion. This process has actually come to be increasingly challenging due to the vast as well as variant number of prices’ determinants as well as the quick modifications out there dynamics.
This study proposes an event-driven organisation intelligence strategy to respond right away to any type of modification out there standing by creating trading signals based on various evaluations. Targeting the worth related to the data as it shows up, various models are built to catch as well as process the data of three currencies versus US dollar in various regularity as well as the data of nine US macroeconomic signs. The time-series data for both technological as well as essential signs are designed using fabricated neural network while a knowledge base model is implemented to incorporate the signals produced by time-series models. The speculative outcomes show a remarkable improvement in the quality of trading signals using real-time consideration of various evaluations.
Exactly how is the foreign exchange market regulated?
Despite the huge size of the foreign exchange market, there is very little law due to the fact that there is no controling body to police it 24/7. Instead, there are a number of nationwide trading bodies around the globe that supervise domestic foreign exchange trading, as well as various other markets, to guarantee that all foreign exchange service providers stick to specific standards. As an example, in Australia the regulatory body is the Australian Stocks as well as Investments Payment (ASIC).
How much cash is traded on the foreign exchange market daily?
About $5 trillion worth of foreign exchange transactions happen daily, which is an average of $220 billion per hr. The marketplace is mostly comprised of organizations, firms, governments as well as money speculators conjecture makes up roughly 90% of trading volume as well as a big bulk of this is concentrated on the US dollar, euro as well as yen.
What are spaces in foreign exchange trading?
Gaps are points in a market when there is a sharp motion up or down with little or no trading in between, resulting in a ‘space’ in the regular rate pattern. Gaps do happen in the foreign exchange market, however they are substantially less common than in various other markets due to the fact that it is traded 24 hours a day, five days a week.
Nevertheless, gapping can happen when economic data is released that comes as a shock to markets, or when trading resumes after the weekend or a vacation. Although the foreign exchange market is closed to speculative trading over the weekend, the marketplace is still available to central banks as well as associated organisations. So, it is possible that the opening rate on a Sunday night will certainly be various from the closing rate on the previous Friday night resulting in a gap.
Summary:
Event-driven trading methods give an excellent method to take advantage of enhancing rate volatility, however there are several risks as well as limitations to take into consideration. When developing as well as carrying out these methods, it is very important for investors to establish tight danger controls while offering enough space for the volatile situation to play out out there. In the end, event-driven trading methods give an useful arrowhead in the quiver of any type of energetic trader.
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Risk Disclaimer:
Our solution consists of items that are traded on margin as well as bring a risk of losses in excess of your deposited funds. The items may not appropriate for all financiers. Please guarantee that you completely comprehend the risks involved.
