Understanding Forex strategies with TICKMILL

WEBINAR From TICKMILL


https://www.youtube.com/watch?v=vOrRqecfQvA


This webinar will teach you a simple, yet effective Bollinger band based Forex strategy.


Watch our webinar for the Forex starters and find out the fundamentals of Bollinger bands in Forex trading that every trader should know.

Bollinger Bands are a great indicator with many advantages, but unfortunately many traders don't know how to use this amazing indicator.


Bollinger Bands consist of three components:

• A simple moving average
• TWO standard deviations of this moving average (known as the Upper and Lower Bollinger Band).

So what are the characteristics of Bollinger Bands?


Depending on the settings, Bollinger Bands usually contain 99% of the closing prices. And in sideways markets, prices tend to wander from the Upper Bollinger Band to the Lower Bollinger Band. With this being the case, many traders use Bollinger Bands to trade a simple trend fading strategy: They SELL when prices move outside the Upper Bollinger Band and BUY when prices move outside the Lower Bollinger Band.

TICKMILL WEBINAR


https://www.youtube.com/watch?v=9-oxKuJ3lPs

Scalping refers to buying and selling an underlying multiple times in the same day for a small profit. We locate scalping opportunities by looking for price extremes in the market. When we scalp we can either buy at a lower price and sell it for a higher price, or vice versa. We prefer to primarily sell premium, but we may scalp futures in low IV environments to stay active.


The most important aspect of scalping is liquidity. We would not scalp an underlying that is not liquid, since we are getting in and out of our trades multiple times within a day. Ensuring liquidity also ensures that we are getting the best price we can when entering and exiting the trades. Scalping is purely subjective, and there is no guideline in terms of when to get in and out of the trade. We trade very small when scalping, and accept profits when they come. We believe that trading too big and getting greedy are both easy ways to lose money quickly when scalping