Posts Tagged ‘forex’

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How To Use Excel For Trading

Wednesday, August 12th, 2015

Excel is widely used by hedge funds and professional traders to manage trades, calculate P&L, compute buy and sell signals, and much more. These capabilities are available to the average trader, many of whom already use charting software to help with their trade strategies, often with limited success. Including Excel in your trading workflow process can deliver high value in terms of profitability, discipline and consistency. There are a few things you need to learn, but it is achievable with a little effort and the benefits can be very significant to your bottom line.

There are many ways to use Excel for trading, and your first consideration should be narrowing down your intended use of the tool. Will you use it to compute trading signals? Is your interest importing data automatically into Excel? How about calculating profits, drawdowns, risk and other analytics? Do you have many open positions you need to track? Would you like to integrate Excel with a charting platform? Are you interested in automating your workbooks with VBA to increase speed and accuracy?

Bringing price and volume data into a spreadsheet automatically is one way to implement Excel for trading. This uses DDE links to a price data database, either an internal or vendor provided database. DDE links are efficient and can capture fast moving prices (with certain limitations relevant to algorithmic trading). Importing price and volume data into Excel with web query functionality is an alternative to DDE links. This works if you want to capture a smaller volume of prices or economic data from websites like Yahoo Finance, Google Finance, etc. You can also import data into Excel using the Data from Other Sources function. This connects to SQL Server, MS Analysis Services, XML files and ODBC — this is a good option for the technically minded.

Using Excel for trading is highly dependent on data. Importing prices and fundamental data into Excel automatically is a great first step to implement Excel for trading. In fact, not much else can be achieved until you import data, so this is a basic foundation step. There are multiple ways to do this. DDE links can be used to import data from a data vendor. Your broker\’s API can be used to connect to the actual prices your broker uses. Internal or vendor provided databases can be connected using SQL or web queries. How you implement the data import will have a lot to do with your strategy and the data types you want. For automated intraday trading with fast moving prices a DDE link is best. The Data from Other Sources function in Excel uses SQL Server, XML files or ODBC to connect to a database if you have one internally at your office or home. Web queries can work for end of day and fundamental quarterly type data. Economic data comes out infrequently so speed is not an issue.

Best practices of Excel for trading involve planning your spreadsheet workflows and relationships so everything works together correctly and you can find what you need when you need it. You have a choice here of building a multiple spreadsheet environment or creating a single workbook with lots of tabs. The prior approach is modular and tends to work well because each separate workbook is for a specific purpose, small, and easy to manage. The downside is you may need to manage lots of links and Excel links have a tendency to break and get corrupted. Big workbooks with lots of sheets can be useful in Excel for trading since you have everything in one place. However, Excel tends to bog down and the files get huge when you start using more than 10,000 rows of data, charts, and multiple tabs together. It can also be a bit risky to have your whole daily trading operation in one file. Just make sure you back up your files in an external location every day!

These ideas should help you get started using Excel for trading to improve your trade processes and increase profits with less risk.

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Expert Tips To Build A Better Forex Strategy

Saturday, March 29th, 2014

The negative aspect of Forex trading in that there is a lot of risk involved, and if you do not know what you are doing there is a chance that you could lose big. This article should help you trade safely.

Pay attention to what is on the news, especially in the financial world, including the currencies you are trading. The news contains speculation that can cause currencies to rise or fall. Setup an alert from the major news services, and use the filtering feature of Google news to act fast when there is breaking news.

Don’t use information from other traders to place your trades — do your own research. Forex traders are all human, meaning they will brag about their wins, but not direct attention to their losses. In spite of the success of a trader, they can still make the wrong decision. Follow your own plan and not that of someone else.

Forex traders often use an equity stop order, which allows participants to limit their degree of financial risk. An equity stop brings an end to trading when a position has lost a specified portion of its starting value.

You should avoid trading within a thin market if you are new to forex trading. Thin markets are markets that lack public attention. You can actually lose money by changing your stop loss orders frequently. Stay on plan to see the greatest level of success.

Do everything you can to meet the goals you set out for yourself. When you launch your forex investment career, determine what you hope to achieve and pick a time frame for doing so. Be sure to include “error room” especially if you are a new trader. Determine how much time that you have each day to devote to trading and research.

You don’t need to buy any automated software system in order to practice Forex using a demo account. Just go to the primary Forex trading site and open one of their demo accounts.

Never waste money on robots and books that promise to make you money. Most products like these will train you in forex trading techniques that are iffy at best. They are great at making money for the people selling them, though! If your first Forex trades aren’t paying off, then consider investing in some professional advice or instruction.

Your account package should reflect your knowledge on Forex. Your choice must be realistic and take your personal limitations into account. Good trading can’t be learned overnight. Most traders agree that, especially for beginners, it is advisable to stick with an account that has a lower leverage. If you are just starting out, get a smaller practice account. These accounts have only a small amount of risk, if any at all. Learn your lessons early with small amounts of money; don’t make your first big loss devastating.

You can make a lot of profits when you have taught yourself all you can about forex. Keep in mind that you should keep your knowledge sharp and current as things evolve. Keep informed of global financial markets, monitor forex trading websites for new information, and keep current on the market trends.

Learn more about trading forex. Stop by Work With Danny Younes where you can find out all about trading the forex market and what it can do for you.

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Tips On How To Buy Gold San Antonio Style

Monday, January 21st, 2013

Gold is a favorite item of numerous investors. It can be purchased in the form of coins, which are issued by various countries. One can also simply invest in gold futures or bars of the precious metal. There is a vast array of choices available, and therefore when they decide to buy gold San Antonio residents should consider all their options.

Gold has a fascinating history as one of the world’s earliest forms of currency. The first coin made from this precious metal dates back to the Sixth Century B. C., when it was first used to purchase goods. Of course, the substance itself has existed longer than most archaeologists care to speculate, and it adorned Kings and Queens, and decorated the palaces of the wealthy in ancient societies.

If a person wants to expand his or her portfolio through the addition of precious metals, he or she should schedule an appointment with a financial adviser to discover which investment venue is best. Those who prefer the physical substance itself should give thought to obtaining a safety deposit box at a nearby institution or acquiring a home safe. Those who purchase stocks need not concern themselves with storage.

Those who decide to invest in coins have several things to consider. For example, the value of certain coins is sometimes a combination of the amount of precious metal they contain and the decorative features of the coins themselves. The ones selected will largely depend on the person’s budget and his or her individual preferences. However, if one is purchasing such items strictly as an investment, plain coins are the best choice.

Jewelry made from gold is another alternative for those who want to buy the physical precious metal. Something that is frequently overlooked is that some kinds of golden jewelry gain value over time. An investor should also give thought to the purchase of antique jewelry, as such pieces are also likely to appreciate throughout future years.

As mentioned above, there are numerous alternatives for people who want to invest in gold. Coins, however, are predicted to remain favored among many investors and collectors, due to their value as well as their beauty. Two items in this category that are highly popular are the China Panda and the American Buffalo coin. Various investors prefer proof sets, particularly if their collections are being purchased for monetary as well as decorative purposes.

If one chooses to invest in physical gold, it is important to purchase the substance only from a reputable source. Just as with any expensive object, precious metals can be counterfeited, which can lead to financial loss for the collector or investor.

When they have decided to buy gold San Antonio consumers must systematically all their options before making a final selection. It does little or no good to make an impulsive purchase only to discover that a wiser choice could have been made. For this reason, it is always best to seek the advice of a financial adviser if one not sure which venue is the most practical choice for his or her individual situation. This way, one is assured of spending his or her hard earned money in the most responsible and beneficial way possible.

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Interesting Material About Automatic Forex Softwares

Tuesday, January 1st, 2013

The high quality of work that the automated forex trading system brings to the forex market is simply astounding. The manual system is swiftly being phased out and in comes the automated system. A larger part of investors in the market if not all are using it because of the many benefits and advantages it brings with it. It performs numerous projects at the same time which no human are able to or could possibly ever before do. The results are superb. It has the ability to help a much longer period as measured to what was happening with the manual system. Everything happening in the foreign exchange trade is very much straightforward now thanks to the application.

This might be a really scary term to a lot of folks however it ought not to scare anyone. It is merely form of a laptop program which basically streamlines the whole transaction process. This is in the sense that virtually any customer of this program does not have to be directly entailed by having the whole process. The application takes care of every little thing with a series of commands which the individual has indeed enabled it do.

This has undoubtedly made things simple for the many folks out there that own computers and investors too. They are now at a position to regulate forex accounts and be part of the foreign exchange trading program. Primarily the system works in a way that it permits the people that are utilizing it to aim at a precise currency and be at a position to learn its selling and purchasing rate. This basically suggests that brokers help is available in handy in aiding venture capitalists to buy and sell whatever they mean to in the foreign exchange market.

As it is well recognized, currencies from all corners of the environment can be offered and gotten in the foreign market. This exchange idea is a worldwide endeavor and different sellers and shoppers satisfy at a typical location transact. If all the right strategies and methods are applied by backers, huge pieces of profits can certainly be experienced from this rewarding company.

The program has actually surely evolved to a rocket science. There are numerous software program’s in the market today which are all produced to fulfill the unique demands that the foreign exchange market needs. Selecting and picking the right system is what comes to be a headache to most companies in the foreign exchange market.

The program offers lucrative and accurate selections in regards to trade. This is enabled by the fact that there are no psychological and mental areas that affects the programs activities. These aspects are recognized to alter the selections relating to any type of business or transaction. This is one of the top perks that the users accumulate.

Unlike in self investing, this sort of system permits an individual to perform at a go a number of pairs of currencies. This is very much challenging utilizing the other forms of trading. Furthermore, it has the ability to monitor the same pairs of several currencies.

Nevertheless, an automated forex trading system are able to perfectly do this full time without the control of anybody. It has the potential to keep an eye on the system for the twenty four hrs in an entire week. This is simply spectacular and an extremely substantial plus to the people entailed in the trading.

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Tips On How To Sell Gold

Saturday, November 10th, 2012

if you are ever met with a sudden expense and you don’t have any idea where you can possibly find the necessary cash to cover it, you can always sell gold san antonio. The valuable pieces you own can be sold for a good price. Just make sure though that you are referring to the right firms when getting this done.

Although you would always want to be ready when financial emergencies come, there are times when you just will not have the necessary finances that you require. Hence, the presence of firms which can buy these valuables for you is always very helpful. They can offer to you that emergency finances that you require.

Considering the available professionals extending their assistance int his related field which are around, finding these providers shouldn’t be such a challenge. You will have a number of options which you can select from. However, do not be too lenient. Not all of the providers whom you will be referring to can be trusted to get these tasks done as efficiently as you would prefer them to.

Do not just go scouting for the names of the firms where you can sell gold san antonio to without even taking the time to determine what are the pieces which they are able to accept. Not all of the valuable you own will be accepted by these providers. So, the best that you can do is ensure that you make inquiries about what they will accept first.

Take note of the number of establishments around which accept these items and pieces that you own. You need assurance that you are not just referring to anybody. Instead, you want to get assurance that you’re referring to the assistance of highly qualified professionals. Hence, remember to check their credentials and assess id they have successfully complied with such essential requisites.

Consider the feedback that the rest of the public has to say about these professionals. You want to make sure that you will consider how good or not they think these firms are. They have dealt with these providers in the past. Hence, you can ask them to give you some suggestions. Their experience when selling pieces to these firms before should allow them to offer you really helpful suggestions.

In addition, never attempt to sell gold san antonio unless you have had your pieces appraised. You want to check at least three reliable appraisers before you should make a decision. This is important since you need to ensure that the rate you will be getting will be well worth the value of the items you are selling.

There is a lot more helpful information about Tips To Remember When You Sell Gold at our website.

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