The forex is an immense international marketplace, accounting for more than US$5 trillion in average per session traded volume. Everyday participants from around the world trade forex pairs in the hopes of achieving their financial goals. Due to the fact that currency trading is a truly global pastime, the forex is open for business 24 hours a day, 5 days a week. Although technically operational around the clock, each day…
In forex, volatility is the exchange rate variance facing a domestic currency. It is commonly attributed to many factors including politics, economic events and central bank activities. Given adequate understanding, a volatile currency may be easily identified.
Python is one of many programming languages used by algo traders to create a trading strategy. A Python wrapper simplifies a function into a much shorter expression that can be used repeatedly. When programming a trading strategy, one may need to use the same function or series of functions repeatedly, for example to authenticate login credentials, to pull live data, or to place a trade. Fxcmpy can easily be installed…
An automated trading strategy contains a set of rules which will take particular actions in response to incoming market data. When automating a trading strategy, the trader may want to add rules to trade only during certain market conditions. Rob Pasche of QuantNews presents three tools which can be added to an automated trading strategy to filter for ranging markets. The Average Directional Index indicates whether the price of an instrument…
An API is a set of definitions and protocols used to build a software application. APIs are frequently implemented to streamline the connection between the trading platform, brokerage account, and market or exchange.
The FIX API is a set of clearly defined rules and methods designed specifically for the electronic transfer of financial data. Developed in 1992 for equities, it has evolved into being one of the industry standards in the markets of securities around the world.
Becoming a day trader requires many distinct inputs. In addition to proper technology, capital and time, the development of a comprehensive trading plan is a prerequisite.
Historical data analysis is a valuable tool for active traders. Data mining and backtesting trading strategies can potentially improve performance.
For many investors, intraday trading is perceived to be an inherently risky occupation, and one that attracts individuals oblivious to its many pitfalls.
Modern investors have a variety of choices for acquiring securities and are accustomed to making trades swiftly with transparent pricing. Trading of well-known securities often takes place on formal exchanges, which are large institutions that follow a series of rules for helping to assure an active market, liquidity of assets traded and robust supply and demand. Trading, however, can also take place on the alternative "over-the-counter" market, or OTC. It's…
Day traders come in all shapes and sizes, with the aspiration of profit often being the only common ground among them.
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