Point and Figure Trading (Part I)

By Ahmad Hassam

There are a number of charts that are used in trading. The most popular are the bar charts and candlestick charts. Do you know how to read Point and figure charts? Point and figure trading in many ways is similar to the support and resistance breakout trading on bar or candlestick charts. The main difference is the look and functionality of the price charts themselves!

Bar charts and candlestick charts show the high low open and close price for a given period. Point and figure charts represent price in a radically different manner from the more familiar bar and candlestick charts. Many forex charting platforms provide the option of point and figure charts.

Point and figure trading is based exclusively on price action. Point and figure charts are a pure price action play because these charts generally exclude all other elements like time, volume and open/close other than price.

Technical analysis is the study of price action. Technical analysis is used to predict or confirm an uptrend or downtrend or a consolidation in the market. Point and figure charts represent clear evidence of such important technical characteristics like trend, support/resistance and breakouts. Thus a point and figure chart focuses on the behavior of price action which is the most important factor from the technical analysis point of view.

A point and figure chart is constructed with a column of boxes alternately labeled with Xs and Os. An X column means that the price has risen in that column. Conversely, an O column means that the price has declined in that column.

A new column is created going in the opposite direction when a reversal occurs on any column. Only when price moves a significant amount regardless of time will an existing column grow or a new column is created. So there is no time, volume, opens and close on point and figure charts.

How is a point and figure chart constructed? It depends on two variables. The first variable is the box size. This is the minimum amount that the price is supposed to move before a new box in the existing column is created. These two variables can alter the way the point and figure charts look and act.

Each X is equal to fixed price increase. Xs denote a rising trend. For example, if a column of Xs has 10 boxes, price would need to move an additional amount equal to the preset box size before another X would be added to the top of the column.

You can use the charting software to do the actual drawing. However, you should understand the concept behind the point and figure chart. Suppose, you are using the point and figure chart. You set the box size on the point and figure chart to be equal to 10 pips on the point and figure charting software.

X column and O column. In an X column, the price would have to move another 10 pips above each X box before another X could be added on top of that X. On the other hand, in an O column, price would have to move 10 pips lower than the each box in O column to add another O box on the bottom of the column.

How do you decide to add another column to the point and figure chart? The second important variable is the reversal amount. This is the amount of pips the price needs to reverse before a new column is created. - 23196

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. Try This Cash Printing Forex Signal Service From Heaven! First practice on your Forex Demo Account!

Is Your Real Estate Agent Knowledgeable?

By Arnulfo Snider

Having a good real estate agent can make sure that you are getting the most out of your property experience. Unfortunately, not all real estate agents out there have the qualifications that you might need or may be seeking. to find the best and right real estate agent which will suit your requirements in the property market, you may take some factors into consideration before you choose a real estate that would represent you.

Before anything else, you should always remember a real estate agent is just like a salesperson in a way that he is trying to sell someone a place. The agent may be working for either a buyer or a seller, depending on what purpose she was hired for. Nevertheless, their main mission is still to sell. It is important that you look for real estate agents that have the capacity to sell any real estate property. This will help put you at ease knowing the real estate agent that you have selected can do their job well, thus inflating the quantity of confidence and trust that you have for him.

It also helps if you can determine what the real estate agent?s area of experience is. Since some real estate agents are far more specialized and have more knowledge about certain areas, you must ensure that the real estate agent that you are choosing is knowledgeable and talented enough in the particular area that you might need her or him for. If an agent has been living in the area that where your real estate is found, then it can seriously help in how he or she markets and sells the property to other potential buyers since he or she is acquainted with the area, and knows a little something about it.

A good real estate agent is also very accessible and must always be freely available to his or her customer. In this way, the agent can make sure that she or he is able to address any queries or issues that the customer may have regarding the estate properties that he is planning on selling or buying. There's not much worse than a real estate agent that's extremely hard to reach. Any good real estate agent should be there for his or her customer, just so he or she can make sure that the client gets the best result from the whole real estate experience.

Any good real estate agent should additionally be experienced, but also should be educated. This will help make sure that your real estate agent is able to handle your account without issues and with high competence. You would rather have your account be handled by someone who has a college degree and has plenty of experience in the entire real estate process, versus a high school drop out who has little to no sales yet. You need your real estate agent to take control of the whole process, which is why he or she should be very competent and talented in the problem to make sure that your best interest is not overlooked. - 23196

About the Author:

Finally! The whole unbiased truth about how to sort out the bad real estate agents exposed. You owe it to yourself to visit Real Estate Agent Wildwood NJ and get the facts today.

Online Forex Trading Platform That Offer A Lot Of Profits

By John Eather

Are there many instances of people earning good money from online Forex trading platform?

There is only one answer for this question and it is huge yes. There have been many instances where many people have earned a lot through this trade. Even I have earned a lot of profits through this trade. It is one of the most reliable and highly profitable trades to be involved in. In the recent past one of my close friend who joined the trade very recently had doubled his investment in the trading. He has expressed his great happiness over the trading. I would like to assure you that if you do the trade properly there is no reason that I found why you shouldn't be successful in the trade.

Advancement in technology created online platform for trading. In online any one can buy/ sell currency and earn money through Forex trading.

What is this platform available to transact currency in Forex trading?

Since the introduction of the online Forex trading software named the Forex trading platform has been in use. It is computer software that is used in trading programs for helping the traders to do online Forex trading platform. The traders are authorized the use of this software providing authorization usernames and passwords for the user.

One of the major benefits of using this Forex trading platform is the feature that it provides. Many financial organizations provide the online trading services of Forex.

The software allows for trading of about 34 currencies at a time. It also allows for a leverage as high as the ratio of one is to hundred.

It is a very advantageous form of doing trading and many people have benefited from these online Forex trading platform. - 23196

About the Author:

Looking to find the best deal on online forex trading platform, then visit www.MoneyMakingFxTrader.com to find the best advice on automated forex trading for you.

Brief Glance At The Currency Exchange Trading Markets

By Rueben Gomez

Forex trading implies the action of buying and selling currencies from a assortment of countries. Forex trading does seem pretty difficult at first glance. Luckily, forex trading is a simple procedure with mechanics that are easily understood.

The forex market is by far the major market by quantity of trades on earth. 2 trillion American dollars are traded every single day.

Smaller networks of currency markets join to make up the forex market. All the worlds currencies are traded here. There are a assortment of trading platforms that one can make use of.

The currency market works around the clock. On the weekends however, the forex market closes.

Domestic political and economic factors greatly affect the price of a country's currency. Since stability plays such a great role in the forex markets, the top traded countries come from stable countries such as America and Europe.

Selling high while buying low is the key to making profits in this market. Most traders have their own strategies employed when looking for trades. Some enjoy taking risky short term trades while others opt for conservative long term trades.

Forex trading has the the makings for big profits. Some forex brokers offer their clients leverages as high as 400:1. The higher the leverage, the more you can borrow on any one trade.

High volatility is a mark of the foreign exchange market. With a small investment, a skilled forex trader can make big profits in a short amount of time. Forex traders do not pay a commission, they pay the spread every time they open a trade. The spread is based on the currency pair being traded. Highly volatile currencies usually have higher spreads and vice versa.

While a lot of money can be made in the forex market, there are also risks involved, usually high risk. The risks of forex trading are lowered with the efficient implementation of money management and trading strategy. To fully comprehend the character of the currency market, extensive trading on free demo accounts are needed. - 23196

About the Author:

Forex and Forex Trading have been two of the main areas that the writer is specialized in. Rueben Gomez is a Stock and Currency Trader with years of practice in this fields. When he is not trading, he operates an online forex portal.

Overview Of The Currency Trading Market

By Rueben Gomez

The trading of currencies on the currency exchange is what is well-known as forex trading. Forex trading does seem pretty difficult at first glance. Fortunately, forex trading is a simple procedure with mechanics that are easily understood.

The forex market is by far the largest market by quantity of trades on earth. This market sees the exchange of some 2 trillion dollars per day.

Smaller networks of currency markets join to make up the forex market. All the worlds currencies are traded here. There are a variety of trading platforms that one can use.

A true 24 hour market, trades can be made at any time suitable to your needs. On the weekends however, the forex market closes.

The price of any one currency depends exclusively on the stability, political and economic cues of that country. Since stability plays such a big role in the forex markets, the top traded countries come from stable countries such as America and Europe.

The idea, like a great amount markets, is to sell high and buy low. Trading is personality based, as all traders have assorted levels of risk aversion and skill sets. Many traders enjoy the high risk strategy of scalping the market while others prefer to lay back and relax with long term trades.

There is a lot of money to made in the forex market. Some forex brokers offer their clients leverages as high as 400:1. Which basically equates to more borrowing power for a trade.

The forex market can be very volatile. Big profits are doable with small amounts of investment. There are no commissions charged, you pay what is recognized as the spread. The currency pair is the influential factor in the spread paid. Conservative currencies have lessen spreads while volatile pairs usually range higher.

The main shortcoming to forex trading is of course the risk involved. Traders often use money management strategies to decrease these risks. To fully take in the character of the currency market, extensive trading on free demo accounts are needed. - 23196

About the Author:

Currency Trading Pairs and Forex Brokers make up two of the principal areas that the writer is specialized in. Rueben Gomez is a Stock and Currency Trader with years of experience in this fields. When he is not trading, he operates an online forex portal.