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Harmonic Patterns

How to determine the real value of the national currency?The National Regulator openly manipulates the exchange rate to the benefit of the economy, undervaluing it when there is a trade deficit, thereby helping exports, and overvaluing it when there is a surplus, so that citizens and businesses can buy more imported goods. The real exchange rate of a nation's currency is determined by its purchasing power abroad. In theory, it is calculated through a sample of identical goods. It is enough to estimate how much a certain conditional consumer basket costs in the home country, and compare the amount spent in another country. --- --- --- Why do we need to know the exchange rate regime and the real value of the national currencies? If a country has a fixed or transitional exchange rate, a currency trader can determine the entry points with a guaranteed profit. For example, the yuan is strictly "locked" in the corridor of 2% on the stock exchange, which allows you to enter at the maximum deviations, knowing exactly what intervention of the People's Bank will soon follow. The peculiarities of such trading are described in our article about USDCNH trading. Knowing the pricing mode, you can determine the entry strategy on the border of the basket value. Examples of trading such currency pairs using currency corridors are presented below. Trading on the Boundaries of the Nominal Value of National Currencies in Fixed and Transition Modes UAE Dirham (AED) The USDAED currency pair is the easiest to trade because of its strongest peg to the dollar - the national central bank kept the exchange rate at 3.6725 dirham even during the 2008 crisis. As a result the UAE national currency chart looks like a series of candles with long tails, above and below which pending orders should be placed. The figure shows a weekly candlestick chart, where you can see the possible deal levels at a glance, but there are some subtleties in this kind of trading. Firstly, there are only two brokers who are ready to provide access to the USDAED pair; secondly, they ask for a minimum deposit of $10,000; thirdly, the maximum leverage for this currency is 1 to 5. --- --- --- Models for determining the real exchange rate There is no single ideal model in the Forex market that works out 100% of the signals for the differences between the nominal value of the currency. Just like any indicators, the presented formulas need a historical check, they are suitable for certain currency pairs with different accuracy and work in combination with each other. This is why we will try to examine the basic models and theories of exchange rates. The purchasing power of the national currency against any other currency is determined in four ways, which we will talk about below. --- --- --- The law of one price - comparing the cost of the same good in different countries The current price of a commodity in national currency units = The exchange rate of the currency pair* The current price of a commodity in a foreign currency. --- --- --- Absolute Purchasing Power Parity In the formula of absolute parity instead of the price of one product, the average price level of the same basket of goods for different countries is used as expressed in national currencies or minimum subsistence values. For example, in Australia the living wage was 600 AUD for 2017, while in the European Union it is equal to: in Germany - 1240 euros, in France - 1254, in Italy - 855. The euro is a common currency for 26 states, so the three largest EU economies were chosen to use the average value of (1240+1255+855)/3= 1117 in the formula. If 1117 is the average EU living wage and 600 is Australia's living wage, then solving this expression, we get 1117/600 = 1.86. In 2017, the EURAUD exchange rate was 1.38. As you can see from the graph of the currency pair, the arbitrage correctly predicted the trend of strengthening of the euro. --- --- --- Relative trade parity. Economists in their calculations use economic indicators that show the relative change in consumer prices. The difference between the current indicator value from the economic calendar and previous data is substituted into the formula. For example, the U.S. Consumer Price Index was 119.4 in 2012 and rose to 121 by 2013. During this period, the EU CPI showed values of 118.3 and 120.1. The EURUSD exchange rate changed from 1.30 to 1.36. Using the formula, let's calculate the real euro exchange rate by taking the 2012 value of 1.30, successively multiplying it by a fraction of the relative values of the U.S. CPI 121/119.4 and the European CPI 120.1/118.3: 1,3* (121/119,4) *(120,1/118,3) = 1,3374. As you can see from the formula, the euro was undervalued, which led to the collapse in 2014, where parity was equalized due to monetary measures taken by the ECB and the Fed. The consumer price index is essentially an indicator of inflation, which is the primary focus of central banks when making decisions on the size of the discount rate. In economic statistics, it is rare to see this indicator published in relative units; everywhere there is a percentage change, which can also be used in another model. --- --- --- Relative Inflation Parity When calculating the real value of national money relative to the currency of another country, a slightly modified formula is used. The current rate of a currency pair can be represented as equal to (1 + annual inflation of one country/1 + annual inflation of another country) * the current rate of the pair at the Forex market. Let's calculate the EURUSD exchange rate in 2015. At the end of that period, U.S. inflation was 0.73%, while in the Eurozone it was 0.08%. The real EURUSD exchange rate at the end of 2015 = (1 +0.0083)/(1+0.073)*1.0565= 0.992. EURUSD quotes at the beginning of 2016 were undervalued, and the rate hike policy adopted by the Fed did not immediately save the situation - the market saw values close to 1.02 before the value of the European currency began to rise. This formula can be used to forecast the exchange rate by fitting it with the future inflation that central banks calculate in the reports they publish at every monthly meeting. --- --- --- Sincerely R. Linda!
Education
by RLinda
14
Sunday afternoon backtesting sessionToday I am backtesting trades on EURUSD to further improve my strategy and my ability to apply my strategy. It is important to keep your tools, and mind, sharp so that you can execute your trades in a live market that has major market players, news events, volatility, liquidity with experienced traders with high end technology with a high end education trading these markets. This means you must find your edge and constantly practice it to refine it, improve it, and remember it anywhere, any place, any time.
Education
by UnknownUnicorn5823541
Can you stomach a 20% drop in the SPX? I start off by stating that I do not actively trade in indexes but would like to share my thoughts on SPX similar to what I did with DJIA. The SPX has had an incredible run since March 2020 (2194) to the high of 4808 made at the beginning of the year. What were the reasons for this? 1) Low to no interest policy of the FED 2) Optimism of recovery from Covid and vaccine discovery. 3) Free money being available and a lot of amateur traders getting into the market This Index however has run out of steam. Technically speaking, there are massive reversal signs that are in play since May 2021. 1) Weekly Overbought on RSI 2) RSI Divergence on the weekly chart 3) Head and shoulders pattern complete On a fundamental side we have: 1) Interest rate increase to combat inflation 2) The China lockdown 3) An energy crisis 4) The sad invasion of Ukraine The year long consolidation between 4500-4800 is a dire warning that the market is in consolidation for a big move. It is very unlikely to be up and we are looking at the initial levels of 3400. If the consolidation lasts for a few months, these levels will not hold and we will see a bigger drop. There is no timeline on the weekly chart, but let's revisit this chart in July, October 2022 and January 2023 to see where the market is at.
SP:SPXEducation
by JavonDias_Trading
2
The end of the Bull Market? A big drop is coming I do not trades stocks or indexes at all but technical analysis can be applied to any instrument so this is my view on the DJ Index. The DJI has had an incredible run since March 2020 (18183) to the high of 36855 made at the beginning of the year. What were the reasons for this? 1) Low to no interest policy of the FED 2) Optimism of recovery from Covid and vaccine discovery. 3) Free money being available and a lot of amateur traders getting into the market This Index however has run out of steam. Technically speaking, there are massive reversal signs that are in play since May 2021. 1) Weekly Overbought on RSI 2) RSI Divergence on the weekly chart 3) Head and shoulders pattern complete On a fundamental side we have: 1) Interest rate increase to combat inflation 2) The China lockdown 3) An energy crisis 4) The sad invasion of Ukraine The year long consolidation between 34000-36000 is a dire warning that the market is in consolidation for a big move. It is very unlikely to be up and we are looking at the intial levels of 30,0000 and then 26,000. If the consolidation lasts for a few months, these levels will not hold and we will see a bigger drop. There is no timeline on the weekly chart, but let's revisit this chart in July, October 2022 and January 2023 to see where the market is at.
TVC:DJIEducation
by JavonDias_Trading
8
FIBONACCI Retracement ✅✅✅‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines . Usually the price retracts to 50% or untile OTE (0.62, 0.705, 0.79) before another impulse movement occurs.
OANDA:XAUUSDEducation
by Snick3rSD
FOREX Market - In plain languageForex - the market for exchanging currencies of one country to another Let's analyze the main points in the Forex market on the example of the EURGBP currency pair Currency rates are proportions of currency units of different countries in relation to each other The aims which are pursued by every participant of the market. There are no buyers and sellers in the market Forex Quotation. Currencies are always quoted in pairs, because in every currency transaction you simultaneously buy one currency and sell another. There are several types of analysis in forex and not only that, but basically in trading, but the most important ones are fundamental and technical analysis. What a professional trader should have in stock:
Education
by RLinda
9
Marubozu Candlestick Pattern 📉📉📉‼️ What is a Marubozu in forex? A Marubozu is a long or tall Japanese candlestick with no upper or lower shadow (or wick). The candlestick pattern comes in both a bearish (red or black) and a bullish (green or white) form and is easy to spot due to its long body. It basically looks like a vertical rectangle. ‼️ How can you tell if Marubozu is bullish? The closing Marubozu is a stronger candlestick pattern. It is formed when the close price is equal to the high or the low of the day. When the close price is equal to the low then it is called bearish and when the close is equal to the high it is a bullish Marubozu ‼️ What happens after a Marubozu candle? After two long red candles, the bearish Marubozu close pattern occurs, which signals that the bears are still a dominant force. Ultimately, the price action continues to move lower as the market was very bearish during this period of time ‼️ How do you use a Marubozu candlestick? Basically, when trading marubozu candlesticks, Watch for bullish or bearish candlesticks to form. If bullish, take a long when price breaks above. Place stop below candlesticks. If bearish, take a short when price falls below. Place a stop above candlestick.
GEducation
by AnonimFXRO
Cup and Handle Trading Pattern 📉📉📉✅ A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. 🎯 Cup Handle Pattern William O'Neil's Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. ... The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed 🎯 What happens after cup and handle pattern? If a cup and handle pattern is confirmed, it will be followed by a bullish price move upward. You can pick a price target based on the size of the cup, but it becomes much less clear what will happen after the initial breakout from the cup and handle pattern. 🎯 How reliable is cup and handle pattern? The accuracy rate for cup and handle pattern for forex and stock on Daily timeframe are 65% and 68% respectively.
OANDA:XAUUSDEducation
by AnonimFXRO
Three Black Crows Pattern 📉📉📉hree black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day's opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green. 🎯 The three black crows candlestick pattern is considered a relatively reliable bearish reversal pattern. Consisting of three consecutive bearish candles at the end of a bullish trend, the three black crows signals a shift of control from the bulls to the bears. ✅ The black crow pattern consists of three consecutive long-bodied candlesticks that have opened within the real body of the previous candle and closed lower than the previous candle. Often, traders use this indicator in conjunction with other technical indicators or chart patterns as confirmation of a reversal. ✅ Three Black Crows Explained Three black crows are a visual pattern, meaning that there are no particular calculations to worry about when identifying this indicator. The three black crows pattern occurs when bears overtake the bulls during three consecutive trading sessions. The pattern shows on the pricing charts as three bearish long-bodied candlesticks with short or no shadows or wicks. In a typical appearance of three black crows, the bulls will start the session with the price opening modestly higher than the previous close, but the price is pushed lower throughout the session. In the end, the price will close near the session low under pressure from the bears. This trading action will result in a very short or nonexistent shadow. Traders often interpret this downward pressure sustained over three sessions to be the start of a bearish downtrend. ✅ Limitations of Using Three Black Crows If the three black crows pattern involves a significant move lower, traders should be wary of oversold conditions that could lead to consolidation before a further move lower. The best way to assess the oversold nature of a stock or other asset is by looking at technical indicators, such as the relative strength index (RSI), where a reading below 30.0 indicates oversold conditions, or the stochastic oscillator indicator that shows the momentum of movement. Many traders typically look at other chart patterns or technical indicators to confirm a breakdown, rather than using the three black crows pattern exclusively. As a visual pattern, it is open to some interpretation such as what is an appropriately short shadow. Do you use this candlestick pattern ?
OANDA:XAUUSDEducation
by AnonimFXRO
CRYPTO- Patterns & patterns. ALGORAND.BINANCE:ALGOUSDT In this post I take a look at some of the patterns I trade and how often they show up. This is a30min chart over the last couple of weeks of ALGORAND. Firstly is a 3 DRIVE into the high. This pattern often occurs at highs or at lows and normally has an ABCD pattern with it. Next we have the 135 pattern which occurs when leaving a high or a low. After that we have the AB=CD Pattern. Now we are completing a Gartley and Butterfly pattern coming in at mulitiple Fibonacci levels. This is just a look at the patterns I use and how often they occur. I hope this helps. Enjoy the day. 👍👍
Education
by L_F
Inside Bar Candlestick Pattern 📉📉📉📉 We will cover the following today: Inside Bar (Inside Day) Inside Days 📉 Inside Days are a daily pattern involving two daily candles, we have a day of trade, also known as the ‘mother candle’ and then the following day trades the whole day within the range of the previous day. This is a two-day bias suggesting a potential reversal. A great way to play these sorts of biases is to pre-empt the failure of this reversal, as well as playing the success of the inside day, so what does this look like? Let’s take a look at an example below. What is an inside bar? The inside bar is a popular reversal/continuation candle formation that only requires two candles to present itself. This pattern is a direct play on short-term market sentiment looking to enter before the 'big moves' that may take place in the market. 📉 Is an inside bar bullish? Imagini pentru inside bar candlestick First, unlike other candlestick patterns, inside bars are usually not distinguished as bullish and bearish by their look or color of the body itself, but rather by the location they are at and other peripheral developments An “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar's high, and the low is higher than the previous bar's low. 📉 TRADING WITH THE INSIDE BAR CANDLESTICK PATTERN: TOP TIPS AND STRATEGIES Some traders consider it a continuation pattern though a breakout in the opposite direction is possible too. After price has trended up (or down) for an extended period, the pause in price movement (represented by the inside bar) precedes a reversal of the trend. Therefore, the inside bar is looked at for a short-term trade (or swing trading) in the counter-trend direction with the goal of holding the trade for less than 10 bars. However, there is another way to trade inside bars and this is rooted directly from what the candle pattern does NOT reveal. When traders see an inside bar pattern form, it is interpreted as the markets unwillingness to push price higher or lower. This can be for any number of reasons: An extremely pertinent report is being issued soon, or The market just made a stratospheric leap and traders are tepid about bidding price much higher or lower. Whatever the reason, the motive is the same: seeking potential volatility in an effort to increase profitability. When there is a situation in which traders are unwilling to bid price higher or lower, it is seen as a potential situation for future increases in volatility. The inside bar candle pattern is NOT telling traders that the market is bidding price higher or lower but rather that the market is waiting before making the next big move in the asset. This means potential opportunities for traders. What do you think ? Comment below..
GEducation
by AnonimFXRO
Market Seasonality - Fundamentals 📉📉📉✅ Seasonality refers to particular time frames when stocks/sectors/indices are subjected to and influenced by recurring tendencies that produce patterns that are apparent in the investment valuation. ✅ Seasonality is a characteristic of a time series in which the data experiences regular and predictable changes that recur every calendar year. Any predictable fluctuation or pattern that recurs or repeats over a one-year period is said to be seasonal. ✅ What is a Seasonality Forecast? In time series data, seasonality refers to the presence of variations which occur at certain regular intervals either on a weekly basis, monthly basis, or even quarterly (but never up to a year). Various factors may cause seasonality - like a vacation, weather, and holidays ✅ You can use the Market Seasonality as an extra fundamental confluence for the price, we have 2 market seasonalities bullish and bearish. If a price has bullish seasonality it means the pariticular asset will tend to rise during that cycle and viceversa. Market Seasonality (MS) is a good tool to have in your arsenal but only if you are trading on a mid-long term perspective. You can't trade using the market seasonality on a scalping or a intra-day basis because it makes no sense. What do you think ? Comment below..
GEducation
by AnonimFXRO
Fibonacci Premium vs Discount ✅ 📝 Fibonacci is a sequence that came up with a Smart mathematician name Leonard Fibonacci came with a sequence that proved that everything in the universe repeats itself in a specific mathematical. From the petals on a flower, to the spiral patterns on snail's shell, all fulfilled with a specific numerical sequence. The same Fibonacci sequence applies in everything and anywhere including Trading. When a retracement begins as buyers will come take their profits and leave, new buyers will come in at specifici levels using the Fibonacci retracement. 📉 I use the Fibonacci retracements for entries and for take profit zones i will show that in an example on how go about doing it. Please everything that i am going to show here be ensure that you practice until you have fully mastered price action 📉I use the fib placing from the lowest body of the candle to the highest body of the candle if we are in a bullish momentum(aiming to go long) - 📝 Remember its a Fibonacci retracement. What you should remember is what i said at the beginning of the Fib that when buys take their profits and leave, new buyers get it a retracement that's where you also get it. It also vice versa when in a bearish momentum.
GEducation
by AnonimFXRO
Are All Winning Trades “Good” And All Losing Trades “Bad” Trades How can you distinguish between a good trade and a bad one? I felt the need to discuss this because there’s often a misconception that all winning trades are good and that all losing trades are bad. As you might have guessed, there’s more to it than just making profits. Whether or not the trade was profitable doesn’t determine if it was a good or bad forex trade. In fact, it’s possible to have good LOSING trades as well as bad WINNING trades. Still a bit confused? Here’s a good rule of thumb: A good trade is one that has been taken and managed according to your trading plan. 1. GOOD LOSING TRADE Let’s say that your system calls for a long position when the 100 and 200 SMAs cross over and Stochastic hits oversold territory. You see the market moving and feel eager to jump in, but you wait until your system’s signals line up before entering your trade. Finally, your system gives you the green light and you go long. The trade works for you for a while, but it eventually turns around and you end up getting stopped out. Don’t worry, my friend. You just had a good losing trade! It may not have earned you any profits (heck, it even cost you a few bucks), but you have something to be proud of because you showed discipline and stuck to your forex trading rules. 2. BAD WINNING TRADE Now, let’s assume your trading rules state that you can’t risk more than 5% on a single trade. But then you spot a sweet setup on USD/JPY that you think is a high probability trade. You just can’t resist, so you end up taking the trade and putting 20% of your account on the line. forex bad win when all is said and done, the trade turns out a winner and you find yourself sitting on a big wad of dough. There’s no need to celebrate, mate. You just had a bad winning trade. It may have led to huge profits, but you broke your forex rules in the process. You were lucky that the trade worked out in your favor, but keep in mind that in the world of forex, luck can dry out really quickly. WHAT SHOULD YOU DO WITH BAD TRADES? If you broke one of your trade entry rules and your position is still open, get out while you still can. After all, you’re not supposed to be in that trade in the first place! When you’re in the middle of a bad trade, don’t lose hope right away. Remember that it’s still possible to remedy the situation by turning a bad trade into a good one. For instance, if you broke your risk management rule which states that you should always trail your stop, you can still fix your trade by adding a trailing stop based on your rules. If, however, you’ve already closed a bad trade for whatever reason, don’t feel bad just yet. We’re humans and we make mistakes unless of course, you’re a robot like Robopip. Just remind yourself not to make the same bad trading decisions in the future. Make a note in your trading journal or write it down a hundred times if that’s what it takes to sear it into your memory. The bottom line is that, as traders, we should focus on the process and not the profits. It’s often tempting to automatically consider winning trades as good ones and losing trades as bad ones, but that isn’t always the case. Don’t forget to look at the bigger picture and remind yourself that each trading decision you make should be on track to achieving consistency and becoming a better trader as a whole.
Education
by Derry_Trades
The best course of The Major Player Behavior. ETH example Part 1I want to continue to share with you my knowledge of the behavior of the major players and who they are.😁 In the last example about Bitcoin, we considered a similar situation, now I would like to demonstrate this on another coin so that you also learn to identify such moments and fix them. Right now, on the example of Ethereum, we see approximately the same moment, a small candle fixed exactly in the stops zone of a major players. Thus, we can assume that in about 83% of cases the price will go up, since, as we mentioned in the previous tutorials, the stops of a large player in this case are equal to large buys on the exchange. Best wishes
Education
by MiriamRapoport
7
RISK ON vs RISK OFF 📉📉as i use this confluence to enter trades. 🎯 Risk ON vs Risk OFF market sentiment reflects all the market activity, its not a market sentiment for crypto or forex or stock market its for all the financial markets, when i use this confluence i try to understand what are institutional/retail investors are doing are they buying risk on assets or they are buying risk on assets. 🎯 Usually investors buy risk on assets when they are looking for risk meaning they want higher yield on their investment they want to MULTIPLY money(key word) this is happening during times of financial prosperity, no wars, no lockdowns, no problems around the world everyone are doing great and making money 🎯 On other side RISK OFF is when investors tend to buy financil assets that PROTECT (key word) their capital they dont want a high yield they want just to save their money and protect during time of financial stress, wars, lockdowns when everything is not clear and safe. ✅ RISK ON Assets Stock Market Crypto USOil AUD NZD CAD EUR GBP ✅ RISK OFF Assets Government Bonds JPY CHF USD GOLD SILVER
COINBASE:BTCUSDEducation
by AnonimFXRO
What's the ADAM & EVE pattern? According to Thomas Bulkowski's Encyclopedia Of Chart Patterns, the Adam and Eve formation is characterized by a sharp and deep first bottom on high volume (Adam). The stock bounces and develops a more gentle correction, printing a second bottom (Eve) on lower volatility. Eve's rounded bottom takes longer to develop than the Adam spike and it is characterized by lower volumes. Price action congests into a tight range and the stock then breaks to the upside. The top of Eve marks an excellent entry point when broken. The resistance is often located along the top of the center retracement pivot. Sometimes they occur at the end of parabolic rallies. The opposite is true when the Adam and Eve formation identifies a top. Risk must be managed very carefully. Sometimes you might conclude that a bottom has been reached, only to discover that it's a breakout to new lows. Further, stop-losses must be applied with discipline. Don't stick around too long; the failure of this pattern will gain downside momentum quickly. Entry is not easy from the psychological perspective, because sentiment will be negative during this type of market action and volatility will be high. The potential for short-term profits is high, because the reversal, when successful, is explosive. Drep historical swings 👇🏽 Nov 19, 2021 Dec 16, 2021
DEducation
by Zivul33
4
Institutional Liquidity Orderflow 📉📉📉Hi guys! I would like to briefly explain my strategy, I use liquidity to understand where should market go . 🏦 Liquidity is basically a zone in the market where a lot of stops are located both retail/ institutional, I will look to enter near that area but only after the manipulation on the buy-side or sell-side liquidity to all my trades with "Smart Money". as known as "Wall Street" You can separate the Liquidity Concepts in two areas. ✅ Buy Side Liquidity - area of the price where sellers put their stop loss, its located on old highs, equal highs (Resistance) above double tops, above key psychological numbers ✅ Sell Side Liquidity - area of the price where buyers put their stop losses, usually below old lows, below equal lows(support), below psychological key levels. ‼️ REMEMBER Dumb Money sell at high Smart Money SELL ABOVE THE HIGH Dumb Money buy at low Smart Money BUY BELOW THE LOW Using this concept as i explained you will have less stop losses because you will allign your trades with institutional orderflow. I attached couple photos so you can have a better understanding.
Education
by AnonimFXRO
Cryptodollars Tether USDT - instructions for beginnersIn 2015, an unknown company, Tether Limited, issued its own token, undertaking to exchange it for real US dollars at a rate of 1 to 1. At that time, this crypto asset was profitable to use: Cryptocurrency exchanges in order to avoid the requirements of the Regulators for the verification of traders depositing accounts in traditional currency (fiat); American investors, so as not to pay taxes on every exchange of cryptocurrencies for fiat. Traders can now safely use Tether USD without worrying about a possible scam. Moreover, USDT issuance tracking allows traders to see when big capital cryptocurrencies enter the market. The release of any token is public information available through the blockchain explorer programs, whose statistics are analyzed by various specialized services. Notification about large tranches of Tether USD, as well as other cryptocurrencies, can be received, for example, through the notifications of the @Whale Alert channel. The extent to which the USDT emission is related to the Bitcoin rate is demonstrated by the historical graph of stablecoin capitalization. So these tokens began to be called at the end of 2018, when the first competitors appeared, repeating the economic model of Tether. Tether USD can be used to pay for goods, replenish bank cards, get a loan, or invest in DeFi services in order to receive interest on a deposit. Moreover, the USDT token is ideal for Forex traders to deposit and withdraw funds. Choose Token and Wallet Before replenishing an account or withdrawing a deposit in USDT cryptodollars, a trader needs to decide on the type of token format. Behind each of them is a blockchain, where the size of the commission is determined by miners who collect transactions into blocks. The fees are floating, depending on the load and bandwidth of the network blocks, the amount of the transaction does not matter. A trader can transfer one dollar or a billion for the same amount of deductions to miners. At the time of writing, the average translation costs are: In the OMNI protocol - $28; Ethereum blockchain - $12; Blockchain Tron and Binance - about $1. Tether, for its part, makes an equal bet on Ethereum and Tron, placing about $24 billion of USDT emission there. The Omni protocol is practically abandoned. The list of wallets must be taken on the website of the developers of the cryptocurrency that the trader has chosen. The crypto wallet has a seed phrase - a set of words that helps the user regain access to his deposit from any device. Knowing this phrase of 12 words, you can not be afraid of any force majeure, because the cryptocurrency is not stored in the wallet, but in the blockchain. A seed phrase is a list of random words (12, 18, or 24 words) used to recover your funds in case you lose your password to your wallet application or the device on which your wallet is installed. The seed phrase is usually generated when you set up your crypto wallet By the way, the first Tether USD transaction can only be seen in the browser; in order for this balance to be displayed in the wallet, USDT will have to be added manually, this feature is explained by thousands of types of digital currencies on the Ethereum blockchain. Upon receipt of tokens from a broker, they can be withdrawn to any popular electronic wallet or bank card, if the account has: ETH cryptocurrencies for the ERC-20 format; TRX cryptocurrencies for the TRX-20 format. The last very important point is the network commission. The purchase of ETH and TRX is necessary just to pay for it. USDT tokens, like any other asset in the ERC-20 format, cannot be withdrawn from the wallet without a fee to miners, which is charged in gas. The only problem is that when exchanging USDT for fiat, the trader will have to pay a commission to the miners. Many wallets set it to the maximum bar. We check the average fee here and fix it manually in the wallet, this applies to the ERC-20 token. In the case of TRC, the commission is almost always quite low, up to $1. Deposit in USDT The account replenishment operation is no different from the above procedures. Having decided on the stablecoin format from the list supported by the forex broker, the trader must start by choosing and opening a crypto wallet. Some beginners aim to simplify this process by sending USDT directly to the broker's address via an exchange. It is worth remembering that the broker requires the deposit address to match the withdrawal address, which in the case of an exchange will be random. Similar problems will arise when trying to replenish a deposit in the Forex market directly from a cryptocurrency exchange. She also uses random addresses for output. Address permanence can only be guaranteed by these companies for accepting payments, not for withdrawals. Having opened his own wallet, the trader must receive USDT on it, and then transfer it from his address to a brokerage account. The problem is that the last operation will require payment of gas, therefore, you will have to replenish your wallet in two cryptocurrencies - ETH (TRX) and USDT. So, to work with Tether ERC-20, we first need to buy Ethereum, and then exchange part of Ethereum for Tether USDT. Sincerely, R Linda!
CRYPTOCAP:USDTEducation
by RLinda
Bearish Candlestick Pattern's 📉📉📉📈 Technical Analysis I use those bearish candlestick patterns as an extra confluence when price gets into my POI (point of interest) they can make your trade much better. ⬇️ Bearish POI look for : Tweezer Tops Three Red Crows Bearish Engulfing Evening Star Hanging Man Evening Star Gravestone Doji ‼️ Don't use them ALONE as a single argument, the change of getting a good trade could dramatically decrease What do you think about those candlestick patterns, do you use them ?
Education
by AnonimFXRO
1
Entry Confluences - Examples 📉📉📉🎯 Those are the examples where you use all the confluences i am teaching in my community posts. ✅ Market Structure ✅ Key Level ( Support, Resistance areas) ✅ Candlestick Patterns ( bullish or bearish ) ✅ Fibonacci Retracement ( discount or premium ) You can use them as a single confluence but to have a better trade probability i recommend to allign them together, remember focus on the quality not the quantity. You don't need a lot of trades to make money in the markets, you need high quality trades patience and discipline. What is your analysis ?
Education
by AnonimFXRO