Month: September 2020

Investing & Trading During COVID-19

Fabian FabianLatest News / Latest News / NewsLeave a comment

Investing & Trading During COVID-19

The sad thing is that although things like this have happened before, none of us were prepared for the COVID-19 outbreak. COVID-19 managed to ravage the world in a matter of mere weeks, and a large part of this has to do with the economy. Of course, the health and wellbeing of millions of people worldwide has been affected in a negative way. However, poor health is not the only effect of the COVID-19 pandemic.

Worldwide, economies have virtually collapsed, especially in particular sectors such as hospitality, travel and tourism, gambling, and so many other sectors too. For all of you traders and investors out there, whether you trade Forex or invest in the stock market, this COVID-19 fueled worldwide economic meltdown has had serious consequences. For example, the USA unemployment rate is at a record high, with conditions not having been this severe since the 2008 economic crisis.

The trading and investing landscape have changed quite a bit since the pandemic started. If you are a stock investor or Forex trader, chances are that you have been hit pretty hard and suffered some losses.

However, this is not to say that it is not possible for traders and investors to come out of the COVID-19 pandemic unscathed, and even with some profits too. Today, we are here to provide you with some crucial tips on investing and trading during COVID-19. With these tips, not only can you save yourself from going belly-up, but you might just increase your capital holdings too.

Keep Diversification in Mind

Something that has spelled doom for so many traders and investors, due to this COVID-19 pandemic, is having all of their money tied up in a single or just a few market sectors. Folks, this is something that you should have already been doing, but now at this time, diversifying your investments and trades is more important than ever.

In other words, don’t put all of your eggs in the same basket, because if one market sector crashes due to the effects of the pandemic, you will lose all of your money.

It’s a good idea to diversify, to invest some money in various Forex currency pairs, to invest in some commodities, some stocks, and in government bonds too. This way, if one of your trades or investments tanks, you still have many others to make up for the losses.

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Using the Right Trading and Investment Services During COVID-19

If you are an avid Forex trader, chances are that you are using a high quality broker. If you are a stock investor, you probably have a broker doing most of the work for you. The point here is that high quality brokerages cost a lot of money, particularly in terms of trading and investing commissions.

Now, we are not saying that you should kick your broker to the curb, but that said, you do need to evaluate how well the broker is performing for you in comparison to the fees you are paying. If the fees alone are eating up most of the profits that you could have made, then it might be time to change things up. Using low commission brokers can go a long way in saving you money during this uncertain time brought on by the COVID-19 pandemic.

Educate Yourself on the Impact of COVID-19

Something that you definitely need to do, more now than ever, is to monitor the markets, economies, and individual industries. Of course, the way in which you trade and invest money depends on market conditions.

Well, COVID-19 has destroyed many sectors, with hospitality being one such example. Moreover, some national currencies are weathering the storm very well, while others have been decimated. Therefore, in order for you to weather the storm, and maybe even to make a profit, you need to educate yourself on exactly how COVID-19 is affecting various industries, markets, and currencies.

With the right analysis tools, you can predict the trends in various market sectors to make more informed trading and investment decisions. Make no mistake about it, COVID-19 has had a massive impact on the finance sector and on economies in general.  

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Decrease Your Risk

One of the biggest tips that you can follow about investing and trading during this COVID-19 pandemic is to decrease your risk. Now, here we are talking specifically about trading. If you were trading with 5% of your capital per trade before the pandemic, now you should be trading with 1% or 2% of your capital per trade at most.

The fact of the matter is that you absolutely cannot be trading with money that you cannot afford to lose.

Moreover, trading might need to take a little backseat at this time. COVID-19 has seen many people lose their livelihoods. Therefore, it might be a good idea to put a portion of your money into a savings account and to keep it for a rainy day. Having all of your money tied up in trades and investments during this time is not recommended.

Focus on High Demand Areas

Another good tip that we can give you for trading and investing during COVID-19 is to focus on high demand markets. Sure, some market sectors have crumbled due to COVID-19, but there are others which are still in high demand.

For instance, the medical industry is booming, oil is always a good investment, and there are various national currencies which are seen as safe haven currencies. If you want to make money, you need to invest into market areas which are still seeing a high demand. Remember folks, pandemic or not, the law of supply and demand still holds true.

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Investing During COVID-19 – Final Thoughts

The bottom line is that during the COVID-19 pandemic, you do really need to rethink the way you trade and invest. If you follow the tips we have outlined today, you might just be able to come out of this pandemic in better shape than when it all began.

 

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Important Technical Analysis Indicators

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Important Technical Analysis Indicators

If you are an aspiring trader, perhaps in the world of stocks or Forex, something that you absolutely need to be familiar with are technical indicators.

These are special tools use in the methodology of technical analysis, and they are very useful for finding entry and exit points, for creating trading setups and so much more.

Today, we want to talk about what exactly technical analysis indicators are, how they are used, and what some of the most common ones are.

What is Technical Analysis?

When it comes to trading, such as in stocks or Forex, technical analysis is a specific analysis methodology that is used to forecast the direction of prices.

This analysis and prediction of prices is achieved through the study of prior market data, generally through the use of prices and trading volume.

Using technical analysis, a trader can predict trends, trend reversals, and price movements too. The reason why this is important is because a large part of this, the main part, is the technical analysis indicator, or simply known as the technical indicator.

What Are Technical Analysis Indicators?

To provide you with a basic definition, technical indicators are pattern based or heuristic signals that are produced by the price, volume, and open interest of a security, contract, currency pair, stock, or any other such tradable asset.

By analyzing a plethora of historical data, such as price and volume, traders can then predict future price movements.

Technical analysts use these indicators to not only predict future price movements but also to find the right trading setups for any given day. It’s all about analyzing technical analysis charts patterns to enter and exit trades. Of course, the main goal is to make a profit.

Technical Analysis Indicators

 

Types of Technical Indicators

Something that is important to know is that there are a few different types of technical analysis indicators out there, and they all tell you something else.

To be precise, there are 4 main types of technical indicators. These include s. Let’s take a closer look at each one so you know what you are getting into.

Volatility

Volatility technical analysis indicators are used to tell you how much a price has changed over a given period of time. Volatility is an extremely important aspect of the market.

Without volatility, there is no real way to make money through trading. The point here is that the price of anything has to move in order to make a profit when a trade is placed.

If there is no volatility or no price movement, then it is impossible to make a profit. The higher the volatility level is, the faster a price is changing, and the lower the volatility, the slower the price change is. Beware that volatility indicators tell you nothing about the direction of the price, just the price range.

Volume

Volume indicators are used to tell you how the volume in a given market is changing over a given period of time. In other words, how many units of something are being bought and/or sold over a given period of time.

For example, it can represent how much gold, silver, oil, or even how much of a currency is being traded in a specific time period.

This is very important because when the price of something changes, volume will indicate how strong that movement is. For instance, bullish moves on high volumes are more likely and easier to be maintained than bullish moves on low volume.

Momentum

Yet another important type of technical analysis indicator is the momentum indicator. This type of indicator will tell you how strong a trend is, as well as if a particular trend may reverse. These are very useful for picking out price tops and bottoms. There are various momentum indicators which we will take a closer look at, both today and in the coming weeks as well.

Trend

A trend indicator is used to tell you in which direction a market is moving in, that is if there is any trend at all. Trend indicators are sometimes referred to as oscillators, which is because they usually move between low and high values, like a wave that oscillates up and down.

 

Useful Technical Analysis Indicators

Let’s take a quick look at some technical analysis indicators. We want to cover at least one indicators from each of the four categories listed above.

Bollinger Bands

One of the indicators that you should be familiar with is the Bollinger Bands indicator. This is a chart indicator that consists of two lines or bands. These lines are two standard deviations above and below the 20 day moving average, which itself appears as a line between the two bands. If the bands are widening, it shows increased market volatility, whereas narrowing bands indicate decreased market volatility.

Technical Analysis Indicators

MFI

The money flow indicator is a technical indicator that indicates the rate at which money is invested into a security and then withdrawn from it. Both the construction and interpretation of the money flow index are similar to the RSI or relative strength index, with the main difference being that the MFI is all about trading volume.

MACD

MACD or moving average convergence divergence is a momentum indicator. This is an interesting one because MACD consists of two components, moving averages which are turned into an oscillator by taking the longer average out of the shorter average. MACD indicates momentum because it oscillates between the moving averages as they converge, overlap, and diverge.

Technical Analysis Indicators

Moving Average

The moving average indicator, simply known as MA, is an indicator that can identify the direction of a price trend. This indicator uses price points over a specific time frame, divided by the number of data points to present a single trend line. This indicator can be used with a number of timeframes.

Technical Analysis Indicators

 

Technical Analysis Indicators – Final Thoughts

As you can see, there is a whole lot that goes into technical analysis, and technical analysis indicators are indeed very important to be familiar with. Stay tuned, because in the coming days and weeks we will be providing you with a lot more info on technical analysis and indicators too.

 

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Coronavirus Trading Risk Management

Fabian FabianLatest News / Latest News / NewsLeave a comment

Coronavirus Trading Risk Management

The world market has seen an unprecedented downturn over the last few months, all because of the coronavirus. Stock markets, commodities, and currencies alike have all been drastically affected by the coronavirus pandemic. Many people are panicking as they watch their investments tank, but people, panic is not the right way to approach this situation.

Although the coronavirus is certainly not a boon to traders and investors, just because things don’t look so good right now does not mean that you cannot make money. If you invest and trade the right way, you follow certain rules, and you allow your mind to do the work, instead of your emotions, you could walk away from the coronavirus pandemic in relatively good condition.

A lot of this has to do with risk management. If you manage to efficiently control risk while trading and investing during this coronavirus pandemic, you could make some decent profits. Right now, we want to cover some essential coronavirus trading risk management tips to keep your finances relatively safe. Here we have some great tips and strategies on how to preserve your capital and come out the other side of this coronavirus pandemic unscathed.

Coronavirus Risk Management

Decrease Lot Sizes & Investment Amounts

Something that you need to know when it comes to trading during the coronavirus pandemic is that you should decrease your overall level of risk. If you were investing 5% of your total per trade before the coronavirus pandemic, at this time, you might want to decrease this amount. Most people would recommend trading with no more than 1% to 2% of your total capital per trade.

This way, you will still have the opportunity to make a profit, but if a trade goes south, you won’t lose a huge amount of money. Simply put, due to volatility and uncertainty, you should decrease the amount of money you risk per trade, and in other words, never trade with more money than you can comfortably afford to lose.

 

Close Your Trades Over Night

Something else that you should do for proper risk management during the coronavirus pandemic is to close your positions overnight. Of course, this does not apply to your stocks and commodities investments, but it is very important for Forex traders.

The market is so volatile right now, that if you keep Forex positions open during the night, you may wake up in the morning to find that your trades have tanked. Therefore, sticking to short term trades and closing your positions at the end of each day before you head off to bed is a good idea.

 

Pay Attention to Safe Haven Currencies & Assets

When it comes to trading and investing risk management during this coronavirus pandemic, another good idea is to pay attention to safe haven currencies and safe haven assets. In terms of currencies, the United States Dollar, the Swiss Franc, and the Japanese Yen are all considered safe haven currencies.

There are currencies people flock to during times of economic turmoil. Therefore, paying close attention to these is vital for successful Forex trading. Also, pay attention to defensive stocks and gold as well, as both are considered safe havens. A good idea may be to also invest in safe government bonds.

 

Take Advantage of Short Positions

In terms of coronavirus risk management for trading, in order to still make money even in markets with strong bearish trends, taking advantage of short positions is crucial. Of course, when you open a short position, it means that you expect the price of something to go down. This is a good way to trade in a bearish or downward trending market. Remember, prices don’t have to go up for you to make money.

 

Remember the Laws of Supply & Demand

Yet another coronavirus risk management tip to follow is that you should always pay attention to the laws of supply and demand. In other words, in times like this, there are certain products and currencies that decrease in demand.

For instance, many commodities have decreased in price due to low demand, something that can definitely be said for the hospitality industry. The point here is that there are certain assets and securities which rise in demand in times like this, and others which decrease in demand. The higher the demand compared to the supply, the higher the price will be.

Coronavirus Risk Management

Stop Panicking & Start Thinking

Perhaps the worst thing that you could do while trading and investing during this coronavirus pandemic is to panic. This applies particularly to panic selling. As the coronavirus hit, people began panic sell mass amounts of stocks and commodities, which caused prices to tank.

Well, the market functions in a cyclical fashion, which means that even if it moves down for a long time, eventually it should recover and bounce back.

Sure, selling assets that are predicted to tank and to never recover is one thing, but selling off all of your assets that may very well bounce back and become stronger than ever is very short sighted. Remember, as an investor, you need to focus on long term goals, not the short term.

 

Diversify Your Investment & Trading Portfolio

Yet another risk management strategy for this COVID-19 pandemic to put to use is portfolio diversification. The fact is that if you put all of your eggs in one basket, and that basket breaks, you lose all of your eggs. So instead of just investing in one thing, invest in and trade multiple asset types. This way, if one fails, you still have the others to fall back on.

Coronavirus Risk Management

 

Use Stop Loss & Take Profit Orders Properly

Using stop loss and take profit orders properly is also another good way to manage risk during this uncertain time. Using trailing stop losses is going to be one of your best weapons to prevent excessive losses in this super volatile time.

 

Coronavirus Trading & Investing Risk Management

There you have it folks, some really good risk management tips for trading and investing during this tough time of the coronavirus pandemic.

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Learn Trading with Income Mentor Box

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Learn Trading with Income Mentor Box

If you are an aspiring trader who needs to learn everything there is to know for success, Income Mentor Box is the place to be. This is one of the most reputable trading schools in the world, and it includes everything you need to become a pro. Let’s take a look at the Income Mentor Box Day Trading Academy to find out what it’s all about.

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A Fully Comprehensive Curriculum

One thing that needs to be said about the Income Mentor Box Day Trading Academy is that it features one of the most comprehensive curriculums that you could possibly learn from. In total, there are 5 modules, each of which have roughly 11 full length lessons, for a total of 55 lessons.

Make no mistake about it, because these are not some short 5 minute tutorial videos that provide you with some footnotes and key takeaways. No, these are full length lessons, with each of them lasting for up to 40 minutes.

Each Income Mentor Box Day Trading Academy lesson focuses on a very specific aspect of trading. It allows you to learn everything there is to know about a specific aspect, and then you can move onto the next lesson.

You will learn all about trading timing, the basics and fundamentals, terminology, entry and exit points, charts, graphs, oscillators, indicators, and everything in between. Simply put, if you are looking for a full scale education in trading, this is the place to be.

 

Income Mentor Box Has a Real Leader

The next thing worth mentioning about the Income Mentor Box Day Trading Academy is the fact that it has a real leader. Sure, there are many other Forex and stocks trading schools out there, but most of them use either paid actors to play the role of a teacher, or the teacher is just not that knowledgeable.

Well, this is not the case here, because the leader of Income Mentor Box, the man whom you will learn everything from, is named Andrew Arm. Andrew might not be into fast sportscars, and he may be relatively young.

However, even at his young age, he has been day trading for about a decade now, and he has seen great success. What’s more, he has made all of the mistakes that a newbie trader could possibly make. Therefore, he can teach you how to avoid those mistakes. We do really like Andrew, because although he is a true trading professional and expert, he is not some self-proclaimed guru. He’s a down to earth kind of guy that people really enjoy learning from.

 

It’s Easy to Understand

Another great aspect of the Income Mentor Box Day Trading Academy is the fact that it is designed specifically for beginners. It is made for people who have minimal or absolutely no prior trading experience.

This is important to note, because many trading courses are designed for people who already have a knowledge base. Well, courses like that are totally useless for newbies. If you have never traded or taken a trading course before, you need to start from the ground up, and you need the content to be easy to grasp.

This is exactly what the Income Mentor Box Day Trading Academy provides you with, easy to understand and simple to grasp information that even a 10 year old child could master. While this course will teach you everything you need to know to be a successful Forex and stocks trader, it is taught in a way that makes it both fun and easy to learn.

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You Can Take Your Time

Next, what many people really love about the IMB Day Trading Academy is how you can take your time to work through the course. This is unlike many other courses and schools out there which reduce your learning to a certain time limit.

Some may only provide you with access to their materials for a few months or even just a few weeks. This may be ok for people who are super quick on the uptake, but it’s a disaster for people who need to take their time.

Well, with Income Mentor Box, once you become a member, you will have unlimited and lifetime access to all course content. You can choose to take 2 weeks, 2 months, or even 2 years to work your way through it. It’s all about learning at the pace that suits you best.

 

Income Mentor Box is Reasonably Priced

Perhaps one of the most important aspects of the IMB Academy is the fact that you don’t have to pay an arm and a leg just to learn about day trading. There are trading courses out there that cost thousands of dollars, and they really don’t provide you with more useful info than Income Mentor Box.

The IMB Day Trading Academy costs only $299 to join. This is a much more reasonable and lower price than virtually any other Forex and stocks trading course out there. This is a day trading school that wants to help you learn how to trade, not to gouge you for every penny in your bank account.

 

You Get Free Forex Signals

Something else that you might really like about the IMB Day Trading Academy is how you get so much more than just an education. With IMB, you also get access to a great Forex signals service.

These Forex signals come complete with entry points, exit points, stop loss levels, and take profit levels too. All you have to do is take the signal as they appear and when they appear, and then copy and paste them into your broker or trading platform of choice. It’s a really easy way to make quick money in a reliable manner.

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Learning to Trade with Income Mentor Box

The bottom line is that the Income Mentor Box Day Trading Academy is by far the best place for aspiring traders to learn everything there is to know in order to be successful. Of course, IMB provides you with the knowledge and skills to trade Forex, stocks, and more, but the rest is up to you.

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