Wijaya Trading

 The strength of the breakout, traders already know whether it is trading with a breakout strategy and the indicators that can be used to detect it. Likewise, you already know that prices are consolidating in a certain period then there are two possibilities that: The price will move in reverse (reversal breakout) The price will move to continue the previous movement (Continuation breakout) There are several ways to determine the strength of the breakout so that the trader will not open a position in the wrong direction. Moving Average Convergence/Divergence (MACD) MACD is one of the most common indicators used by forex trading and for good reason. It is simple but reliable and can help traders find momentum, and in this case, lack of momentum! MACD can be displayed in a number of ways but one of the "sexiest" ways is to view it as a histogram. What this histogram does is actually show the difference between the slow and fast MACD lines. When the histogram gets bigger, it mea...

 The forex market is a place where foreign exchange rates are traded and the forex market is the largest and most liquid financial market in the world. Forex trading can be done easily, all that is needed is an internet connection and a computer and software for forex trading. Forex is traded in pairs, usually relative to the US dollar (United States), for example EUR/USD, USD/JPY, or AUD/USD. Traders will benefit from forex trading if the prediction is right, this means when the trader predicts the value of the currency will rise and takes a long position. Finding profit from forex trading is not as difficult as imagined, it's just that many traders make mistakes just because traders are greedy. There are several important things in forex trading, namely: Fundamental and Technical Analysis In mastering fundamental and technical analysis. Understand fundamental analysis, both financial news, economic calendar, and other things that smell fundamental, because 70% of fundamental anal...

Breakout is a forex strategy that relies on a price breakout from a key level as a trigger for entry. These key levels can be in the form of important support and resistance levels formed from psychological levels, manually observing price highs and lows, drawing Fibonacci lines from swing points, or calculating privot points. The breakout moment is often awaited by traders, especially traders who follow the trend following strategy. That's because, confirmed breakout trading is often followed by a significant strengthening of the trend, so this method is a mainstay for traders who want to get maximum profit. The main principle in breakout trading is to buy above the highest price (marked by resistance) or sell below the lowest price (support). The idea is of course different from the trading method in the sideways market, which expects the price to adhere to the support resistance boundaries. Technically, there are several forex strategies that can be used in breakout trading. The...

With the end of a correction, then trend continuation momentum will occur with the possibility that the trend will continue in the same direction as before the correction. The three ways are: 1. The price breaks at the corrective high level for an uptrend or a corrective low for a downtrend. 2. The price breaks the upper corrective channel (the upper channel line) for the uptrend, or breaks the lower corrective channel (the lower channel line) for the downtrend. 3. The RSI indicator breaks in the direction of the trend before the correction occurs. Price Break At Corrective Level The break at the corrective high level is like the daily GBP/USD example above. Traders can enter sell when wave B ends, and enter buy when level B is broken (break). Traders can enter buys above the corrective high level after the price actually breaks level B. Price Break on Corrective Channel Repeated corrections will tend to form a channel, both in uptrend and downtrend. The end of the correction is marked...

 Technical analysis in forex trading is an analytical method used to predict the direction of future price movements by studying price data in the previous period that has been formed and displayed on a chart. In this context, traders must at least understand the charts that are generally used in technical analysis first in order to know the price movements well. How to Perform Technical Analysis in Forex Trading: Get to know the current trend See and recognize current trends. Starting from the long-term trend, then retreating to the mid-term or short-term trend. Although traders may choose which trend to take advantage of, it is advisable to look for a long-term trend (najor trend) and follow it. If the trader has recognized the trend, then the best trading strategy that the trader needs to have is to take a position (transaction) in the direction of the ongoing trend. If the trend at that time is up (uptrend), then traders should pursue buying opportunities. Conversely, if the cu...

 There are so many traders who want to dive into the world of Forex Trading but are still confused about where to start, especially for those who want to learn forex from scratch. Here we will discuss four alternative steps that we can take when we are about to start learning Forex trading from scratch. Learn Forex Online Learning forex online (webinar) is usually provided by Master Traders, Trainers and brokers. Learn Forex Offline In the second step, we can learn Forex by attending training or Forex Education classes at training institutions that already exist in several regions in Indonesia. Attend Seminars and Workshops If traders want to expand or want to gain knowledge and insight about Forex apart from the two points above, attending seminars and workshops is the right choice. There are many seminars and workshops held in various regions in Indonesia. Several institutions often open seminars and workshops about forex. More info: Free soft copy material by contacting 081 258 ...

 Forex trading success is the ultimate goal that all traders want to achieve. However, not a few traders lose their way when they are on the road to success. One of the reasons stems from the variety of elements and methods that are considered important in achieving successful forex trading. In fact, each of these components can conflict with each other and actually lead to fatal confusion for traders. Therefore, this article will describe the most basic elements in achieving successful forex trading. Fundamental Understanding Fundamental factors are the basis for making decisions for traders, investors and speculators. From here, traders can get a general understanding of what things affect the sentiment of buyers and sellers, or the main factors that move the market. Therefore, it is not surprising that this aspect is the first stopping point in the process of achieving successful forex trading. If you want to be successful in forex trading, knowing important fundamental issues n...

 There are terms that every trader needs to understand because they also support the course of trading. The terms in question are psychological levels, SNR, and retracements. The psychological level is where the prices stop there, many stop and then come back. In essence, this psychological level is where the highest or lowest price then reverses. Psychological levels are market price levels or levels which are often key levels in forex which are denoted by round numbers. These round numbers often act as support and resistance levels. Psychological support and resistance work consistently because of fundamental human nature. Humans value simplicity from a trading perspective, which means valuing integers. Traders often use these numbers as entry, exit or stop levels. These stops and limits can change the order flow and price changes. Identifying Psychology Levels on Forex Charts Traders will often call this integer interval 'double zero' because this price is at even numbers li...

 Seeing how a trader manages personal finances can tell a trader a lot, a trader's approach to life, a trader's mindset and so on. That's why to become a confident and successful trader, a trader needs to manage a trader's capital skillfully. This will give traders clarity and peace of mind, those are two things that shape a trader's market performance. So, here are some ways to control a trader's money: Start Tracking All trader expenses, and earnings. Whatever goes in and out, it will give the trader an idea of ​​what is and what is not. Make Sense About Trader's Money Try not to give in to compulsive buying. Spend wisely and sparingly. If a trader has been without something for a long time, it probably means the trader doesn't really need it. Don't Rely on Trading Profits to Pay Bills This is how traders are in debt, trades can go south and traders can't control them, so traders need to have a pillow that will still pay the trader's monthl...

Forex exchange rate is a comparison of the price of one currency compared to the price of another currency. Currency pairs compare the economic strength of 2 countries. Following are the factors that affect the value of a currency pair: Political Events Government instability, corruption and changes in government can affect the value of a currency. For example, when president donald trump was elected president of the US, the dollar exchange rate soared. Economic Policy From a fundamental point of view, traders should keep a close eye on reports on unemployment, GDP, monetary policy and fiscal policy which have an impact on currency values. The economic calendar also shows upcoming events that could shake up financial markets. Technical Analysis Technical traders tend to prefer key price levels (support & resistance), trends and other indicators to form the basis for their trading. Purchasing Power of a Currency If a country's economy is growing, the money supply must also be in...

 Margin call is a warning feature given by the broker when the trader's equity is not enough to open a new position. Many things underlie the occurrence of margin calls. Starting from the ignorance of beginners who open and close positions, less thorough risk management, and market conditions that move outside the norm. Actually, margin calls are not really a dead line. Margin calls are actually presented by the broker as a savior so that the balance in the trader's account is not completely sold out. When there are insufficient funds to hold a position, the broker will provide traders with information in advance to make a decision. How to Avoid Margin Calls Have a Clear Trading Plan Professional traders certainly have a strategy before entering the world of trading. A simple trading plan usually contains the selected pair, lot size, entry level, and stop loss (SL) level. Some traders who are more detailed also add take profit (TP) levels and risk reward ratios (RR) for each en...

Forex traders use Fibonacci retracements to help identify possible key support and resistance levels. These levels are used as a guide for traders who want to enter or exit the market along with appropriate risk management techniques. HOW TO CREATE FIBONACCI RETRACEMENT ON FOREX PAIRS Before delving deeper into practical examples, a trader should have a basic view of the entire market being analyzed (EUR/USD or USD/ZAR etc.). It starts with identifying the trend, this can be long, medium or short term depending on the trading style. There are various methods that can be used to identify trends such as price action, indicators such as Moving Averages (MA), as well as other methods. The reason why identifying trends is important is that the Fibonacci tool itself doesn't determine trend bias, but rather identifies key support and resistance levels. Applying Fibonacci retracement requires identifying a large move either up/down on the forex price chart. This will generate key levels us...

Technical analysis is an analytical technique that analyzes price fluctuations within a certain time span. From these price movements, traders observe certain patterns that can be used as a basis for buying or selling. Generally, the use of technical analysis is a trader who wants to take advantage of price fluctuations to make a profit. Technical analysis can be used on all financial products that have price data. Technical analysis always uses charts (charts) to perform the analysis. Therefore, traders who purely adhere to technical aspects are called chartists. In the past, price charts were made by traders themselves. Fortunately, now there is a lot of software that makes it easier for traders, can display price charts in real time. Technical Analysis Function Detecting Current Trends or Patterns Technical analysis is used to analyze prices based on past price data. With this data, the analysis tries to see if there is a trend or price pattern that occurs. Usually traders follow th...

When it comes to taking forex long and short positions, traders have a unique style and approach. This is because the forex market is one of the most liquid and largest markets in the world. Knowing when to buy and sell in forex depends on many factors. But volume tends to be larger when the market is volatile due to higher associated risks. This article will cover the concept of buying and selling currencies using practical examples. As well as additional resources to enhance a trader's trading experience. The Meaning of Buying and Selling in Forex Buying and selling forex pairs involves an estimate of the appreciation or depreciation of one currency against another. This can involve fundamental or technical analysis as a basis for trading. Once the base is established, the trader will look at other technical and fundamental aspects. Key levels for market entry and exit will follow, keeping the risk management process in mind. How to Buy and Sell EUR/USD Using the EUR/USD currency...

 Forex trading capital, to be able to make money you need money too, that's what business is. The amount of capital needed to be able to run a trading business depends on how much the trader wants to start profiting from this business. The first thing to consider is how the trader will gain knowledge about forex trading. There are many ways to learn forex trading, including trading classes, having a mentor, or attending seminars about forex trading. If a trader takes a private forex trading course or a class room, then at least the trader will spend a lot of money for this. Depending on the organizer, it could be several million or even tens of millions. Some of the advantages that traders can get are traders will jump into this business faster. If a trader does not want to spend a lot of money to learn forex trading and financial markets then a trader should spend a lot of time learning it. The more traders learn and focus on the forex market and several trading strategies, it is ...

 Forex is currency trading that takes place outside the exchange (over the counter). Today, forex is the largest and most liquid financial market with a daily trading volume of more than 5 trillion US dollars per day. Here are some of the advantages of forex trading, including: Forex market opening hours last 24 hours from Monday morning to Saturday morning. So that traders can trade at any time according to their respective free time. There are no heavy requirements to start trading forex. Traders only need a laptop or cellphone and an internet connection. The initial capital is also very affordable, you can start with only 100 US dollars (or around Rp. 145 based on the current rupiah exchange rate). No one can manipulate the forex market. Even city brokers can only tinker with their own trading platform, so traders are free to compare prices with other brokers, then switch to more bona fide brokers. Forex trading liquidity is very high. So traders don't have to wait a long time t...

 Forex is an exchange transaction between one currency for another. Exchanging rupiah for dollars and vice versa is a forex transaction. Here's how to analyze forex: Know the Different Types of Forex Analysis In general, forex analysis can be grouped into three types, namely technical analysis, fundamental analysis, and market sentiment analysis. The following is an understanding of each type of forex analysis: Technical Analysis, which deals with historical monitoring of asset price movements in financial markets using graphs, mathematical formulas, and certain statistical principles. The practice of analyzing forex based on technicals will be done by using candlestick charts or other types of charts, as well as technical indicators such as moving averages, RSI, stochastic, etc. that are available on the trading platform. Fundamental Analysis, focuses on monitoring price movements in financial markets based on economic data and other news headlines that affect it. The practice of ...

 One thing traders need to know before jumping into the forex market: there are many participants in the forex market. Starting from the government, central banks, commercial banks, hedge funds, multinational companies, and small forex traders. Their behavior and point of view will all affect currency rates in the forex market. Traders themselves may not be able to move the exchange rate in the direction the trader wants, no matter how much capital they have. So, how to profit from the forex market? traders must analyze market conditions and current currency rates, then predict the direction of the next exchange rate movement. The most successful traders don't just rely on one analytical technique. They study fundamental and technical analysis, then combine it in three simple steps. Use Fundamental Analysis To Know Long-Term Trends The analysis mainly needs to focus on GDP, interest rates and inflation rates. For example, if the US central bank (Federal Reserve) begins to raise int...

 Many of the traders are looking for ways how not to easily lose or minimize risk in forex trading. This is indeed a very interesting topic because traders want to reduce the potential loss to a minimum, but also want to get the maximum profit in each transaction. In order to minimize risk and not easily lose, traders should explore the topic of risk management (risk management). Here's how to minimize forex trading risks: Prepare Capital That Can Be Sacrificed There is one fatal mistake that almost all novice traders make. The mistake was to use capital that could not be sacrificed. It may be that an employee uses half of his monthly income as capital, or a housewife uses the monthly spending money as capital, or a student uses the next semester's tuition fees. Traders do it because they imagine they will make a profit in a short time. Yet the reality is not that easy. After starting forex trading, traders will feel tremendous pressure to profit so that money is not lost, so t...

 What strategy did you use? Hedging Position Hedging is one of the strategies that traders often use to mitigate or reduce the risk of loss by balancing open positions. Generally, traders will open two positions that are negatively correlated, or the direction of price movement is opposite to each other. So if it turns out that there is one unprofitable position, there is still a second position as a reserve to seize profit opportunities. In forex trading, there are two kinds of hedging strategies that are commonly used, namely hedging with one currency pair and hedging with two currency pairs. Hedging with one currency pair. For beginners who are still focused on learning one type of currency pair, this strategy can be learned. Let's see an example of using a hedging strategy with this one currency pair. For example, when you are trading the EURUSD (euro/US dollar) pair, you predict that the price will continue to rise so you open a long position. However, the price has fallen. To...

 Reading and analyzing the market is the most basic thing that a trader needs to master. There are many ways to do this, one of which is to use the simplest strategy. In the financial market, all prices of an asset or financial instrument can move up, down or sideways (the price doesn't move). To read price movements, traders must first know some of the terms that are often used when reading and analyzing the market. Trend: Where the price moves in a certain direction, it can go up or down. Range : Where the price moves flat (sideways), there is no increase or decrease. Uptrend/rally: The price is moving up. Downtrend: The price is moving down. To read price movements in the market, traders also need the right time frame, and adjust it to the type of trade being made. As explained above, if the trader is a day trader in forex trading, who trades or opens positions once a week. Then traders can use the W1-D1 medium timeframe. Next, look for the highest price and the lowest price wit...

 Forex traders generally like high volatility, regardless of the currency pair. This shows that from their trading experience, following the direction of the trend or becoming a trend follower is indeed profitable, and the trend following strategy is reliable. So, in order to be able to follow the trend direction correctly, the trader must be able to identify a situation where there will be a trend forwarding, or vice versa there will be a trend reversal (trend reversal). A situation is called trending when many traders trade with entries in the same particular position (buy or sell). This situation can be corrected if some traders take their profits (profit taking), and if many traders close their positions to open opposite positions, a trend reversal or trend reversal occurs. However, it is not easy to identify corrections and trend reversals. Continued correction will cause a reversal if it breaks the support or resistance level. So predicting a state of correction will end (bac...