Article Library

11/56
Ranking
Abstract
The Forex is seen by many traders as an investment and Poker as gambling. However this view is changing. For some time Dukascopy joined the Poker at Community site allowing traders to participate in regular tournaments. In this article we see that the Forex and Poker are not so far, are more similarities than differences and Poker could be a good opportunity for Forex traders.
Introduction
Poker[1] is a game of cards which is associated with betting and has defined a set of rules. There are many types of Poker with a lot of variations as for example the way the cards are hand out or which is the winning hand (the highest or the lowest). The more commonly played is Texas Hold’em[2] and it is the type of Poker that is available in the Ducascopy Community.
In terms of market building in Forex our contribution is extremely low but in Poker if it is a face to face we are controlling the market. Even at a table with 9 opponents our influence on the market building (Also known as pot building) is extremely strong. This is the main difference between Forex and Poker.
The Forex and Poker similarities

The following topics are the areas where there are more semb[/2][/1]…
Read article
Translate to English Show original
antoniogreenblue avatar

Megajorko, I agree with you, In the short term Forex market and Poker are very dependent on luck (is like a casino). But in the long run the good cards or the good Forex market opportunities are the same for each of us and who have the knowledge always have more advantage ;)

priceaction113 avatar

new way to see the forex trading very good article.

k_morocco avatar
k_morocco 26 Oct.

very nice comparison , i don't now any thin in poker but i m curious , in forex we have strategies with the reward is two time the risk , do we have same thing in poker?

antoniogreenblue avatar

K_morocco, yes in Poker we have the possibility to implement the Forex Stop Loss (make fold and limit losses) and with call, check, bet and raise control the end of game with profit (the Forex take profit). So in Poker is more hard-working than Forex, but we can implement something like "strategies with the reward is two time the risk"

k_morocco avatar
k_morocco 27 Oct.

antoniogreenblue  look like the forex is much simpler than poker ,  :)

thanks you a lot for your response

orto leave comments
16/19
Ranking
It’s a hard fact to swallow sometimes but the fact is that the markets are only 20% trade 80% speculation. I often find unless there is HUGE economic data a trend will not turn on sixpence. Common sense should always be applied as should the trend!
The above image is nothing special and can be commonly found though-out the FX market. The concept of stop hunting isn't a new one, and it should not be confined to the conspiracy files. It is something easily found on most charts and is easily exploited. Why is it easy? Because these pattern are easily seen on longer term charts and therefore harder to hide... You can’t hide a long term trend!
The best question to yourself is why would a trend suddenly spike or turn, take out stops and then continue with the original trend? We all know why! But we struggle to believe it because it goes against normal trading strategies.
The big players own the market, there is no point in arguing this fact, large players when in tandem will move markets; and always to their advantage. Why not spend 50 mil to move a pair to a price where you know there is 500 mil of stops and therefore cheap prices too take advantage of and send it in the other direct…
Read article
Translate to English Show original
Elani avatar
Elani 20 Oct.

Yeah, I agree with you when something goes against the normal flow in the market then there has to be reason for it

ANABEVZ avatar
ANABEVZ 20 Oct.

RobFX Wish you always have right answers on your questions!

ANABEVZ avatar
ANABEVZ 20 Oct.

RobFX Wish you always have right answers on your questions!

peachynicnic avatar

Thanks for your article. It is very informative with detail explanation and chart! A brilliant one indeed! Thank you so much!

VictoriaVika avatar

RobFX Thank you for article! We can see here your great dedication and effort!

orto leave comments
15/19
Ranking
Archimedes once said:
"Give me a lever strong, enough, and a prop strong enough, and I can singlehandedly move the world"

"Give me a maximum or a minimum of the year's quarter, and I will tell where the price will go :>"
Me.

In my first Article at this contest, I wrote about determination of a long term trend using larger timeframes, and signals, generated by the larger timeframes.
"Determination of a long term trend" Part 1
I'm sure it was interesting to some of you, but also, I can see the trader's rising interest to Intraday and Intraweek trading.
Intraday and intraweek trading - by saying this, I mean - when the trader is trading during the hours, days or weeks.
In this article I will explain How to Use the signals, provided by the Higher timeframes, to enter the trades on a lower time frames, and much more frequent with better quality.
***A picture Above, reminds you the entry signals, on a Quarter - period charts, that I have talked about in previous article

I would like to recall, that the main task is to find out the entry points on the market. I will show you how to enter the market using a daily charts, where I will demonstrate, that it is not necessary to wait for a qu…
Read article
Translate to English Show original
Skif avatar
Skif 16 Oct.

interesting insight into the market, there is something to read.

MobNaga avatar
MobNaga 19 Oct.

FYI, Check the open time. I think, Follow-type strategy(EUR/USD) is strong in London time 9, 10, 11, 14, and 15.

Elani avatar
Elani 20 Oct.

Thanks for advices!!!

peachynicnic avatar

Thanks for your article. It is very informative with detail explanation and chart! The 3 methods : 3 Points
Time, determination of most important extremums are very useful for determining the long term trend. A brilliant one indeed! Thank you so much for your effort.

VictoriaVika avatar

Archimedes give us an great inspiration example, yes ) Thanks for your article, many useful information!

orto leave comments
15/108
Ranking
Reasons why some traders do not use Stop-Loss: I have mental Stop-Loss; I will exit my trades manually when it turns against me at certain pips. Price will come back, it happens in the past, and it certainly will happen again. I cannot let my broker see my stops, they would hunt it down.   Why mental Stop-Loss Fails Ok, let we look at some statistics first. Below is a table displaying the maximum pips range of four forex major pairs from the last 2,000 bars for 1 minute, 10 minutes, one hour, and 1-day time interval/period.  As you can see from the table above, price could move very far within very short period. Take EURUSD for example, could you react fast enough to exit manually when price move 59 pips in the wrong direction in just 1 minute? Remember when The Swiss National Bank decides to set a floor price of 1.20 Swiss francs to the euro to halt the continuing rise of its currency? How could you manually-exit your trade when price instantly jump after the announcement and end up 445 pips in just 10 minutes? Power failures, lost of internet connections, computer crashes are other reasons not to use mental Stop-Loss.    Waiting Price to Come BackM…
Read article
Translate to English Show original
adask avatar
adask 3 Oct.

I think it's a good article. First I read title and thought - this one is new to FX and will soon lose his equity. But it seems that article is great.

LinnuxFX avatar
LinnuxFX 3 Oct.

First you must find a good brokers, then you decide if you use SL or Not, if Not i think is too Risky... good article...

ritesh avatar
ritesh 12 Oct.

Good conclusion. Nicely written, quite detailed and informative article. Nice one..keep more coming. Best of luck and +1

orto leave comments