Author Archives: Smit Chacha

About Smit Chacha

Smit Chacha is a Writer, Author, Web Developer and a Forex Trader. He has written several books. Smit Chacha has experience in Forex and Stock Market, particularly in EUR/USD, Crude Oil and Stocks.

Forex Signals Accurate Signal Increase your Profits by 300%

Did you know over 95% of traders profit their portfolio with an accurate forex signal. An accurate forex signal can increase your profits by up to 300%. A signal simply means how the market was historical with the present conditions. This is how a signal works. It does your technical analyses for you and gives you a probability to trade.

Professionals traders still really on an accurate signal when it goes to profit from the forex portfolio. I personally trade with our partners signals which I will share with you at the bottom of this article. Our partners provide an accurate signal which over 95% have seen profitable results. So can you!

Trade forex with confidence and give our partners a chance to maximize your daily profits by up to 300%. These signals come from historic trends and technicals and I personally have profit it with, so can you!

Whenever the graph in the past was similar and the fundamentals and technicals were matched the probability of that trend to repeat is the accurate signal which our partners will notify you. You will able to trade with confidence and it is up to you if you want to trade or not.

It is your decision to trade and signal will only help you as a tool and I personally have profited with it over these years. So give our partners a fair trial and see the results for your self!

Forex Spread Betting Brokers (Resources and Advice)

There are loads of forex spread betting brokers in the market, below is a list of a few:

  • IG
  • City Index
  • Saxo
  • Plus500
  • com
  • And others

There is a good website with loads of reviews of each forex spread betting broker: https://www.investing.com/brokers/forex-brokers

Choose your broker and start investing in the forex spread betting market. Note: majority of people will lose money, only afford to invest what you can afford.

Start with a small size and a large margin, for instance: start doing forex on eur/usd in a smallest size with a larger margin with a guaranteed stop.

Size of your investment simple means how much you will lose or gain per point that will fluctuate. Margin is till which point you can afford to keep the position open till it is automatically closed with a loss. You can always edit the margin by depositing more money in your account.

A guaranteed stop will ensure that you will never lose more money when there is a high volatility in the market.

Keep in mind forex is a low volatility market, indices are medium volatile market while cryptocurrency is a high volatile market. Start with forex first and if you find comfortable doing spread betting feel free to invest in other commodities such as metal, oil, gold, silver, etc.

Remember what drives the market is the fundamentals or should I say that economy calendar. Keep checking for breaking news this is where the highest volatility of the market rises.

Technical analyses will help you to predict near term future of the market. Note: most people lose money when the volatility of the market is very high (fundamentals).

Technical Analyses How does it Work

Technical analyses simple means watching and studying the graph, the pattern of the graph, where the graph is heading ahead. And there are time frames that you can check.

For example, let’s say in a 5 minutes time frame the candle stick gone up, in the next 5 minutes time frame where does the candle stick go? Will it go further up, same level or down? If in the next 5-minute time frame the candle stick goes up, it means that in that time frame the market is heading in an uptrend or bullish signal. Same for the downtrend or bearish signal.

Now that does not mean that it is a bullish signal for the whole day, for instance the time frame of 15 minutes chart could suggest a different story. It is very much possible that the 5-minute time frame the candle stick suggest a bullish trend, but in the 15-minute chart it could suggest a downtrend.

Same applies to a daily chart. A daily chart is where you can calculate the Fibonacci and find where exactly the market trends is heading. Or should I say where the volatility of the market will be for the following day.

My point is that keep checking the 5 minute, 15 minute and daily charts when it comes to technical analyses. These 3 candle sticks are the most commonly used. But you can also check the 4-hour chart and so forth.

Technical analyses only predict the short-term future of the market, the longer term comes with Fundamentals. This is what decides where the volatility of the market will be. The further ups and downs of the market trend. And that is the economic calendar.

Combining both technical analyses and fundamentals you will become a Forex trader.

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Learn how to trade on Forex, oil market and stock market. Education blog post on how to trader. Trader sentiment and daily/weekly news on Forex, oil market and stock market. Including trader Fibonacci calculations. Learn how to profit on Forex, oil market and stock market. Risk Management and best options to trade.

Smit Chacha – Android App Developer Page

Smit Chacha is an Android App Developer, Web Developer, Blogger, Author and Writer

What are Technical Analysis Fundamentals

Generally speaking technical analysis is a formula to calculate short term market prediction. Where the market trend is heading. The formula that most traders use of Fibonacci. Measure the graph from bottom to top for each recent market trend.

Fundamentals is where the volatility becomes in, all the breaking news and microeconomics calendar. In later chapters I will tell which significant monthly and weekly calendar days you must be aware of. For instance every Friday on first month nonfarm payroll report data is published and market volatility is very high for EUR/USD. There are many others I will tackle those in later chapters with examples.

Forex XAU (Gold) and EUR/USD Volatility

If you are trading currency mainly EUR/USD consider taking a look at the gold or XAU volatility as many traders found that whenever XAU (gold) is high Dollar or USD is down and vice and versa. This is not always the case as some studies suggest that whenever there is a breaking news this hypotheses breakdown.

Keep an eye on breaking news and on XAU as well, whenever trading EUR/USD. German yields and US yields also matters in how to trade currency on the long run. Do regular Fibonacci to predict recent future of the market trend.

Trading EUR/USD is a profitable and the same time risky as many traders lose money on the forex market. Forex is a low volatile market compared to oil or indices, however that does not mean that it is a risk-free market. Only trade what can you afford to lose.

Trader sentiment suggest that whenever the market is bullish or bearish studying the trend where the market will crossover will make you a profitable trader.

S&P500, Crude Oil Market and High Volatility

Crude oil market is index in S&P500 indices and is a number that you should take a fair consideration for. Crude Oil Market is where the money is, it is very volatile higher than medium indices. Forex is very volatility is low. Trading in these 2 or 3 markets will definitely be profitable. Generally speaking, high volatility is where is risk comes in, only trade what you can afford to lose.

Risk management is another good chapter that I will tackle later on. Your trading size matters and keep a good stopping distance. Only trade what you can afford to lose. I want to highlight this twice, because trading on stock market majority of people lose money!

Another good point to look for is where can you afford to carry on your trades, as some markets will triple your interest causing more loss on your pocket. Look at the previous trends and do a simple Fibonacci it is a technical analyses tool that most traders use to predict that recent future of the market trend.

Always keep an eye on breaking news, as this is where the volatility will change drastically! For example when Donald Trump was elected the volatility of EUR/USD range from 1.16 to 1.03!

Technical Analysis Vs Fundamentals

Most people find technical analysis or fundamentals the key of success in forex, they are 2 different things and combining both together is the key for success.

We will get more into detail on each of them in later chapters but for now I want you to keep in mind that you need to combine these 2 things together to predict what will happen next.

Another thing to keep in mind is the sentiment of which the market is heading towards. There are many tiny variables to keep in mind when doing forex.

These tiny movements in the market can cause huge losses and gains, it all depends how well are you tracking the currency market.

In short technical analysis is viewing the tiny changes that happens on the graph and fundamentals is what is going on in the world (news, calendar). Combining these 2 things will define your success in forex.

Most people find technical analyses sufficient to drive gains in the market, however the market will fluctuate or will be very volatile when something happens in the news. This short volatility will change the graph in long term.

Volatility simply mean the movement that happens in the market. A high volatile market means there are lots of ups and downs, a low volatility means there is little movement in the market.

There are certain things in the calendar that defines a huge volatile market, we will get that in details in later chapters. For now, just keep in mind that the trader sentiment, fundamentals and technical analysis defines how market will react.

Keeping track of these short movements will define your overall success in the currency market.

Is Forex for you

It is easy to make a living with forex with a limited fund. If you want to live a life seating at home, watching television (news) and spending most of your time in front of a computer or a smart phone then forex may be the ideal job for you!

Making a living in forex means to keep track of daily news events worldwide. These are the fundamentals of forex and it can drastically change the value of a currency in just a few seconds of a breaking news. This means if you want to profit in forex you must be prepare for any drastic fluctuations (volatility) in the currency market.

Keeping a track in the daily events makes a huge difference while profiting in the stock market. Politics, business events even the weather and time plays a critical role in the stock market. Forex market as you know are open 24 hours Monday to Friday and during this time there will be lots of volatility in the market.

Every day of the week new events will raise not only on the economic calendar where most of the agenda is pre-booked but there will be also breaking news events that will conflict your daily forex agenda. This is why fundamentals plays the most part in the currency volatility. Missing a news event and only counting on what the economic calendar is a mistake that can lead to profit losses.

In forex and general stock market news is everything! Missing or not keeping a track of it can lead to big losses which can take time to overturn. Keeping track of the news will ensure that your profits keep raising on daily bases. In forex depending on the margin that you set up you can still lose money. Having your positions open overnight can lead to variable interest charges set up by your broker. Ideally you want to close a position before the closing trading hours of the day while netting your profits. And this can only be archived by keeping the track of the daily news events.

In short anything doing with the economic calendar, politics, news and so are called Fundamentals and they play a big part in forex. Other is Technical Analysis which we will talk later on. But for now, what you should know is that Fundamentals plays 80% part in daily forex while the remaining 20% is Technical Analysis.

Forex Trading – Introduction

I have been trading forex (mainly on EUR/USD) for a number of years and I have no qualifications in economics. This shows that you do not need a degree in order to do forex trading. I have been doing this full time and so can you!

I will guide you throughout the whole process in how I trade forex. Let me emphasise that this is my method of doing forex trading. There are loads of other ways that people trade. The method share in this book is how I do trading in forex business.

Forex in profitable but there are risk involve, I will guide you in how to do risk management and how to minimise risk in your trades. Forex is a risky business, no matter how safe you trade there is always a risk of losing money. (Keep that in mind). I suggest you only invest what you can afford to lose.

With limited capital you can do profitable trade in the EUR/USD market, but as I said earlier there are risk involves. You can lose money. My method is profitable but not risk free. I have lost money in the past but my overall trading experience was profitable and I have been doing this for a number of years.

I had full time job before and I was doing forex in my spare time. After grasping an effective method of doing trade I started doing forex for full time (5 days a week). This profitable method that I use for forex trading is what I am teaching in this book. If you want to do forex part time or full time this book will guide you in doing profitable forex trades.

Forex is a 24 hours market this means you can trade Monday to Friday at any time. So if you are working full time you can trade on this 24 hours market on your spare time.

When I started doing trades I used to watch every trade several times a day, now after grasping a method I only do 3 to 4 trades per account a day and make at least £100+ a day. Sometimes I lose money or should I say my trades are carry forward, which means I have to pay an interest (a small amount) for my trades to be carry forward for the next day. This can happen to anyone as the market is not predictable. There are loads of variables that come to play while trading the forex market.