Trading signal

$GBPCAD  Nicely fits in a channel.
Sell at 1.7560
TP: 1.7250 & 1,7100
SL: 1.7650

Apadanaforex's February 2019 Performance on etoro

That was a fantastic February!
Thanks to our new trading strategy, we made more than 20% profit on etoro.
I will try my best to have more and more green months.
Good luck everyone!
Apadanaforex

Leverage or use of non-specified ratio (debt ratio to net assets).

To make it simple, leverage is using the borrowed money when investing.
The higher the leverage the higher the risk level. if you have a good money management strategy you will earn extra money by using leverage. On most of the brokers, you can only trade by choosing fixed leverage. It means if you set your account to X20 leverage all of your trades will be executed with the 20 leverage until you change the settings in your account. But some other brokers are more flexible. At eToro you can open diffrent positions using diffrent leverage.

Using high leverage will increase the risk and you may lose all the money in your account very fast. Although you are increasing the potential to make profit fast, you can also lose money. You can make lots of profit with borrowed money or lose all your money. At the moment more than 76% of the account on eToro losing money. For example, with x20 leverage, a 5% move in price against your prediction will wipe your account. But a 5% move in your favour will make you almost 100% profit.

You also need to take into the account all the fees and charges like; spreads, overnight and over weekend fees etc.

Trading waves also applies to our performances.

You probably know about the trends and how we have lower lows and lower highs in a downtrend. Also, you know the situation in an uptrend. if not you can find some information about the trend here. This not only applies to the stocks, currencies or commodities but it also applies to the people's performance. When you are coping other peoples trades in eToro, the same scenario happens.

Investing in a good trader is like buying in an uptrend. We have higher highs and higher lows. It depends on when you are jumping on the train. if you get in at one of the highs, you may expect some red days or even month at start. But if you start copying at one of the low points then you will start making the profit after the first few days. So being patient is the main key.

Please see the picture below. This shows how my 3 copier's return is different.

The trader who has joined on 03/01/2019 ended up with almost 30% profit. This is why you should be patient.

The trader who jumped in on 07/02/2019 joined at one of those high points. That's why his account is in red as of today.

The other trader just joined yesterday. We can't say that this will stay green or turns red during the next couple of weeks. But if he stays with me as long as my performance stays green he or she will make some money in the long term.

Please be careful how you are investing money because at the moment 76% of people are losing their money on eToro.

Apadanaforex Performance on eToro

Hi everyone!

Please check our this year's performance on eToro.
Apadanaforex's new trading strategy is working nicely this year.

If you want to start trading then create an account on eToro by following this link.
Then you can go to the copy people section and search for Apadanaforex or any other trader that you wish based on their performance.

Apadanaforex accumulated more than 17% profit so far this year.

You do not need any trading knowledge to do this.

eToro

Reviewing the trend is our best friend in the Forex trading

Looking at the graphs and the trend of price movements in the past gives you a very good overview to predict the price move in future.
Although it looks pretty trivial, it does help you get profitably.

Once you understand the price trends, you can identify the best time to buy the currency pair.
It is best to follow the trend. Typically, moving upwards will give you more buying chances and downward more selling chances.

But, how to identify the type of price movement? What are its characteristics?

The most convenient way of figuring this out is by looking at the charts. This way you can see the up or down movement.

Detect type of movement in Forex.
The price movements in the chart form the peak and concave points that are easily recognizable.
In an upward trend, the movement of prices forms higher peaks and higher valleys.
A graph values thousands of words. Let's take a look at the chart below:

This chart shows a downward trend, and this chart suggests that the trader should sell.


It is important to note that it is difficult to detect the type of movement on some days, there is not much change in prices for some days.
And sometimes price changes outline a price range that creates very uncertain conditions. The following figure shows an example of this state.

The forecast is much simpler when you can see a trend that when the price is in a range. You must take caution.

The unpredictable movement in this case is the reason that many traders avoid trading in the range and wait for the renewing signal of the uptrend or downtrend.

Bat Pattern

The bat pattern is a 5-point correction structure developed by Scott Carney in 2001. This template has specific Fibonacci measurements for each point in its structure.
 It's important to note that D is not a point, but an area in which the price trend is likely to be reversed (PRZ). PRZ containing 3 coordinate levels of convergence:

1.  0.886 Modification from base XA,
2.  Stretch CD = N * AB, usually 1.27 AB = CD And 
3. The Stop Loss forecast is BC to 1.618.

The point B from the initial XA base should be less than 0.618 Fibonacci, preferably 0.50 or 0.382 and the

The first goal is to point 0.382 of the AD and the second target is 0.618 AD correction. A common point to choose a stop loss or is behind the X-Point. Conservative traders may seek additional approval by other indicators. Bat pattern can be downward and upward.
All patterns may fall into a wider range of trends or ranges, and traders should be aware of it (refer to Elliot Wave Theory for relevant information).

Here is step by step guide;

• The first return from point A, which is the end point of the first wave, is 0.382 or 50% Fibonacci. Point B.
• Point C can be anywhere between points A and B.

To get the area D.

• Draw line 0.886.
•  Calculate CD length to 1.27 * AB.
• Draw Fibonacci Line 1.618.
• In the bullish market, buy at Point D.
• In the bearish market, sell at Point D.

                                            Uptrend                                        Downtrend



See the following example of a Bat pattern on GBPUSD which I posted on eToro.

And the following photo is the day after:

You can see the price jumped from 1.2770 to 1.3026. Yes, it feels good when your technical analysis works.

Here is the video!