WinTrader Buy Sell Signal Software Tag: base rate currency pairs

Why are traders demanding for scanning facilities in Technical Analysis Software, whether this facility is good or bad for trading success? Making money from trading is not an easy part or get quick rich scheme. Making profit from trading needs proper planning, financial management and proper tool for technical analysis particularly for day trading. But the majority of people who are trading or enter into trading professions with the prejudiced mind of making money from trading is an easy part. Don’t you ever think about that, if making consistent profit from trading is easy, then everyone will be rich in no time? The truth is only 5 to 10% of traders are making consistent profit from trading because of that they are called Professional traders. So what are the specialties in Professional traders that we don’t have to make success in trading? Suppose consider two traders, and two traders have the same technical analysis software to support their trade decisions like entry and exit points.  Among those two, one has ended up in total loss and another in continuous profit, and then what will be the secret of second trader’s success. If we evaluate both of them, then we will find out that the secret lies in his financial management and discipline. Now we can look what is the key point in proper financial management and discipline in trade success.  The key things to remember or taking in to account for the trade success under proper financial management and discipline are; Selection of segment you are trading like MCX, NSE, FOREX or all Investment allocated for each segment Scrips / Commodities / Currency Pairs selected for trading and the fund allocation to each Describing all these need lots of time and things to convince, but our topic is whether scanning facility is…

Below you will find a list of economic events for the week ahead (June 05,2016 to June 11,2016) - economic events can have a direct effect on volatility which may affect your trading. (Timezone: GMT 0.0, DST off) Date Country Event Impact Previous Consensus Sunday Jun 05, 00:00 Denmark  Constitution Day Sunday Jun 05, 01:00 Colombia  Consumer Price Index (MoM) Low 0.50% Sunday Jun 05, 01:00 Colombia  Consumer Price Index (YoY) Low 7.93% Monday Jun 06, 00:00 Colombia  Sacred Heart Monday Jun 06, 00:00 Ireland  June Holiday Monday Jun 06, 00:00 South Korea  Memorial Day Monday Jun 06, 00:00 New Zealand  Queen's Birthday Monday Jun 06, 00:00 Sweden  National Day Monday Jun 06, 01:00 Australia  TD Securities Inflation (YoY) Medium 1.50% Monday Jun 06, 01:00 Australia  TD Securities Inflation (MoM) Medium 0.10% Monday Jun 06, 01:30 Australia  ANZ Job Advertisements Low -0.80% Monday Jun 06, 06:00 Germany  Factory Orders s.a. (MoM) Low 1.90% -0.60% Monday Jun 06, 06:00 Germany  Factory Orders n.s.a. (YoY) Low 1.70% Monday Jun 06, 07:00 Austria  Wholesale Prices n.s.a (MoM) Low 0.80% Monday Jun 06, 07:00 Austria  Wholesale Prices n.s.a (YoY) Low -4.70% Monday Jun 06, 07:00 China  Foreign Exchange Reserves (MoM) Low ¥3.219 Monday Jun 06, 08:30 European Monetary Union  Sentix Investor Confidence Low 6.2 7 Monday Jun 06, 09:00 Spain  House Price Index (QoQ) Low 0.30% Monday Jun 06, 09:30 European Monetary Union  Targeted LTRO High 7.3 Monday Jun 06, 11:30 Chile  IMACEC Low 2.10% Monday Jun 06, 12:00 Russia  Consumer Price Index (MoM) Low 0.40% Monday Jun 06, 13:00 Mexico  Consumer Confidence Low 88.9 Monday Jun 06, 13:00 Mexico  Consumer Confidence s.a Low 89.4 Monday Jun 06, 14:00 United States  Labor Market Conditions Index Medium -0.9 Monday Jun 06, 15:30 United States  3-Month Bill…

PIP stands for (Price Interest Point). For calculating PIP value of selected currency pair, first need to know in which category your selected currency pair comes.  In FOREX trading there are two currencies included and its called Currency PAIRS.   These currency pair symbols are came from their three letter ISO symbols like USD, JPY, GBP, etc. FX Currency Pair contains two currencies. The first currency called "Base Currency " and second one called "Quote Currency". The value of  currency pair in FOREX Trading means the value of Base Currency in the Quoted Currency. For Example EUR/USD has value 1.11710 means 1 EUR = 1.11710 USD. Following are the three category you must know to calculate the PIP value of your selected currency pair. 1. Direct Rates In the currency pair, the Quote Currency (Second Currency) will be USD called Direct Rates. For example EUR/USD, GBPUSD, AUD/USD, etc. Following are the calculation for Currency Pairs in direct rates category. The formula for calculating PIP value in Direct Rates is, PIP = Lot Size x  Tick Size The standard size of a Lot is 100,000 and Tick Size means smallest possible change in Price. Below shows an example of calculating One PIP value for One Lot of EURUSD currency pair. 1 PIP = 100,000 (Lot Size) x 0.0001 (Tick Size) = 10USD. Example: 1 Lot of EUR/USD Buy @ 1.1175 and Sell @ 1.1180 Calculating Proft/Loss in direct rates is calculated as below, Profit/Loss = Sell Price -  Buy Price 1.1180 (Sell Price) - 1.1175 (Buy Price) = 0.0005  (P/L) = 5 PIPS Profit One PIP in One Lot of EURUSD = 10 USD So the above trading gives 5  PIP x 10 USD = 50USD Profit. 2. Inirect Rates In the currency pair, the Base Currency (First Currency) will be USD called Indirect…