SigmaForex | Your Access Towards Profits World

SigmaForex Technical Analysis

2008-06-17T02:42:00.000-07:00

Probably the most successful and most utilized means of making decisions and analyzing Forex and commodities markets is Technical Analysis.

The difference between Forex technical and Forex fundamental analyses is that Forex technical analysis ignores fundamental factors and is applied only to the price action of the market. In that fundamental data can often only provide a long-term forecast of exchange rate movements, Forex technical analysis has become the primary tool to successfully analyze and trade shorter-term price movements, as well as to set profit targets and stop loss.

Forex technical analysis primarily consists of a variety of Forex technical studies, each of which can be interpreted to predict market direction or to generate buy and sell signals. Read more…

Fundamental Analysis with SigmaForex

2008-06-17T02:34:00.000-07:00

A fundamental trading strategy consists of strategic assessments in which a certain currency is traded based on virtually any criteria excluding the price action. These criteria include, but are not limited to, the economic condition that the country the currency represents, monetary policy, and other elements that are fundamental to economies.

The focus of fundamental analysis lies on the economic, social and political forces that drive supply and demand. There is no single set of beliefs that guide fundamental analysis, yet most fundamental analysts look at various macroeconomic indicators such as economic growth rates, interest rates, inflation, and unemployment. Several theories prevail as to how currencies should be valued.

Alone, fundamental analysis can be stressful when dealing with commodities, currencies and other "margined" products. The reason for this is that often fundamental analysis does not provide specific entry and exit points, and therefore it can be difficult for risk to be controlled when utilizing leverage techniques.

Currency prices are a reflection of the balance between supply and demand for currencies. Interest rates and the overall strength of the economy are the two primary factors that affect supply and demand. Economic indicators (for example, GDP, foreign investment and the trade balance) reflect the overall health of an economy. Therefore, they are responsible for the underlying changes in supply and demand for that currency. A tremendous amount of data is released at regular intervals, and some of this data is significant. Data that is related to interest rates and international trade is analyzed very closely.

Earn FX Advantages Through SigmaForex

2008-06-17T02:19:00.000-07:00

A 24-hour market - A trader may take advantage of all profitable market conditions at any time. There is no waiting for the opening bell.

High liquidity - The Forex market with an average trading volume of over $1.3 trillion per day. It is the most liquid market in the world. It means that a trader can enter or exit the market at will in almost any market condition.

Low transaction cost - The retail transaction cost (the bid/ask spread) is typically less than 0.1% (10 pips or points) under normal market conditions. At larger dealers, the spread could be smaller.

Uncorrelated to the stock market - A trader in the Forex market involves selling or buying one currency against another. Thus, there is no correlation between the foreign currency market and the stock market. Bull market or a bear market for a currency is defined in terms of the outlook for its relative value against other currencies. If the outlook is positive, we have a bull market in which a trader profits by buying the currency against other currencies. Conversely, if the outlook is pessimistic, we have a bull market for other currencies and traders take profits by selling the currency against other currencies. In either case, there is always a good market trading opportunity for a trader.

Inter-bank market - The backbone of the Forex market consists of a global network of dealers. They are mainly major commercial banks that communicate and trade with one another and with their clients through electronic networks and telephones. There are no organized exchanges to serves a central location to facilitate transactions the way the New York Stock Exchange serves the equity markets. The Forex market operates in a manner similar to the way the NASDAQ market in the United States operates, thus it is also referred to as an over the counter ( OTC ) market.

No one can corner the market - The Forex market is so vast and has so many participants that no single entity, not even a central bank, can control the market price for an extended period of time. Even interventions by mighty central banks are becoming increasingly ineffectual and short lived. Thus central banks are becoming less and less inclined to intervene to manipulate market prices.

Advantages of Trading Forex with SigmaForex

2008-06-17T02:05:00.000-07:00

Advantages of Trading Forex with SigmaForex

If you're thinking about opening a live forex trading account with Sigma, you will benefit from the following conditions:

Spreads as low as 1 pip!
No commission whatsoever.
"WYCIWYG" (what you click is what you get). The price you click on is the price you're executed at, in other words, no slippage whatsoever.
Guaranteed fills on both limit and stop orders.
Leverage from 500:1

4 online trading platforms for maximum flexibility.
No negative balances - limited risk. With Sigma your risk is only limited to funds or deposit. Our unique, automatic margin liquidation policy eliminates concerns about debit balances by guaranteeing that you will never owe more than what you have in your account.
The most visited online fx dealer in the world.
Consistent liquidity under all market conditions. Sigma works with only the top institutional liquidity providers in the world providing over 55% of worldwide foreign exchange liquidity on our platform.
USD 5'000 standard account opening, USD 50'000 institutional account opening.
29 one click tradable currency pairs.
Spot gold and silver trading.
24/24 hours online currency trading and phone dealing from Sunday to Friday.
Proprietary trading software, not rented or bought, guaranteeing the most competitive pricing and execution to our customers.
Instantaneous execution, no confirmation delays.
No downloading needed on Advanced Web platform and Flash platform, instant access from anywhere, home, office or internet café, no firewall problems.
Fully secure and robust online dealing platform: 128 bit SSL encryption.
Integrated technical analysis & real - time charting tools.
Integrated live news feed - Streaming real time market news.
Integrated real time account management and reporting, margin analysis, P&L, deal confirmation, market analysis & back-office reporting marked to market every second.
Same conditions on demo and live platforms.
Swiss based therefore no capital gains tax on foreign exchange profits.
USD, EUR, GBP, CHF, CAD, AUD or JPY denominated accounts.
ACM customers benefit from technical and fundamental fx reports from our affiliates at substantially reduced rates.
Extremely user friendly and fully transparent account statements.
Management ex Swiss bankers & market professionals.
Very rapid and discreet customer service.
More than 150 employees dedicated to providing the best service for customers.

How to Achieve Trading Perfection with SigmaForex

2008-06-17T01:51:00.000-07:00

Achieving Trading Perfection - Trade quality, not quantity. Take the best of the best. Get the big picture. If you haven’t previously come across such advice, or if you have and are not following it, it is time that you take these words to heart. But how?

Trade selection and adequate planning go hand in hand. This is where most would-be professional traders miss the boat.

Much more money is made as a result of proper planning than from sitting and trading everything that comes along or “looks” good.

It’s difficult to fully understand why people think they have to trade so much. It’s difficult to truly grasp why people think that they have to take as many trades as they do.

Just the opposite is true. There is a correct approach to each and every trade. That is what achieving perfection is all about.

It all starts with proper management: planning, organizing, delegating, directing, and controlling.

These facets of management must be woven together into your trading; they do overlap.

Although planning is the major management function involved in achieving perfection, you can’t possibly plan well unless you are organized to do so.

You must have your tools at hand: your trading software, your data, the proper equipment. All of the rudiments for planning must be in place, which in itself is a part of organizing.

You must be physically fit when you plan: well nourished, properly exercised, well rested and mentally alert - all part of having your life organized, all part of achieving perfection as a trader.

To be a winning trader, you have to be among the best. There can be no middle ground. There are only winners and losers, and to be a winner you have to be a champion. And, just like any champion, you must have discipline, self-control, and willingness to train, train, and train.

There are no runners-up in trading, you either get the gold or you give the gold. Often, while others are busy going to parties or watching sports events, you are busy poring over charts, studying, thinking, and planning. When others are listening to music or watching TV, you are busy practicing your trading, practicing trade selection, working hard to become a more astute trader. Read more…