1. When prices are rising and volume is increasing, prices will continue to rise. The uptrend is being confirmed. 2. When prices are rising but volume is decreasing, the uptrend is losing momentum and may be near the end. 3. When prices are falling and volume is increasing, prices will continue to fall. 4. When prices are falling and volume is decreasing, the downtrend is losing momentum and may be near the end.
Sigma Forex is leading European professional online trading Brokers registered in
the Uk and most of the EU countries. It was founded by professional
private investors including (banks, traders, brokers, and software
developers), which enabled Sigma to identify the essential needs of the
Forex participants from the start.
Since 2003, Sigma’s aim has
been to provide the best, powerful and most suitable currency trading
technology along with superiority in execution, competitive services,
and dependable customer service.
Over the past years, Sigma has quickly become one of the world’s
leading online retail currency trading institutions, providing
integrated global trading systems, analysis techniques and the most
reliable and sophisticated online trading software. We offer internet
trading through Meta Trader. This trading platform is very stable and
reliable. It is highly regarded and very popular among traders.
FOREX
(Foreign Exchange) is the largest financial market in the world, and
includes trading between large banks, (Central banks, Commercial Banks,
Investments Banks) currency speculators, multinational corporations,
governments, and other financial markets and institutions. The
average daily trade in the global FOREX and related markets currently
is over US$ 3 trillion where all the transactions achieved over the
counter (OTC) that there is no specific place for trading.
It
began with gold exchange between countries. As a country's economy
strengthened, its imports would increase until the country ran down its
gold reserves, which were required to support its currency. As a
result, the money supply would diminish, interest rates escalate and
economic activity slowed to the point of recession. Ultimately, prices
of commodities would hit bottom, appearing attractive to other nations,
who would rush in and amid a buying frenzy inject the economy with gold
until it increased its money supply, driving down interest rates and
restoring wealth into the economy. Such boom-bust patterns abounded
throughout the gold standard until World War I temporarily discontinued
trade flows and the free movement of gold. The Bretton Woods
Agreement in 1944, fixed national currencies against the dollar, and
set the dollar at a rate of USD 35 per ounce of gold. The agreement was
aimed at establishing international monetary steadiness by preventing
money from taking flight across countries, and to curb speculation in
the international currency market. Due to the World War II, the economy
of many nations has suffered. During the sixties, however, national
economies moved in different directions which paved way to its collapse.
The
Agreement was finally abandoned in 1971, and the US dollar would no
longer be convertible into gold. By 1973, currencies of major
industrialized nations became more freely floating, controlled mainly
by the forces of supply and demand which acted in the foreign exchange
market. Prices were floated daily, with volumes, speed and price
volatility all increasing throughout the 1970s, giving rise to new
financial instruments, market deregulation and trade liberalization.
In
the 1980s, cross-border capital movements accelerated with the advent
of computers and technology, extending market continuum through Asian,
European and American time zones. Transactions in foreign exchange
rocketed from about $70 billion a day in the 1980s, to more than $1.5
trillion.
While FOREX has been traded since the beginning of
financial markets, on-line retail trading has only been active since
about 1996.
The FOREX market is a non-stop cash market where
currencies of nations are traded, typically via brokers. Foreign
currencies are constantly and simultaneously bought and sold across
local and global markets and traders' investments increase or decrease
in value based upon currency movements. Foreign exchange market
conditions can change at any time in response to real-time events. Practice Competition
Sigma Forex Ultimate Forex Monthly Champion
Interested clients who wish to take part in this competition shall send a request via email at
This
e-mail address is being protected from spam bots, you need JavaScript
enabled to view it Attached with the following information:
Full name
Phone number
Current valid passport or government issued photo ID
It begins at the beginning of each month.
After
recieving your request we will provide you with further details and
with your Practice account login information which will be used in the
trading contest.
Also you have to download Sigma Forex Platform to login with the account number and password after receiving them.
The
two primary approaches of analyzing currency markets are fundamental
analysis and technical analysis. Fundamentals focus on financial and
economic theories, as well as political developments to determine
forces of supply and demand. One clear point of distinction between
fundamentals and technicals is that fundamental analysis studies the
causes of market movements, while technical analysis studies the
effects of market movements.
Fundamental analysis comprises the
examination of macroeconomic indicators, asset markets, and political
considerations when evaluating one nation's currency relative to
another. Macroeconomic indicators include figures such as growth rates;
as measured by Gross Domestic Product, interest rates, inflation,
unemployment, money supply, foreign exchange reserves and productivity.
Asset markets comprise stocks, bonds, and real estate. Political
considerations impact the level of confidence in a nation's government,
the climate of stability and level of certainty.
Sometimes
governments stand in the way of market forces impacting their
currencies, and hence, intervene to keep currencies from deviating
markedly from undesired levels. Currency interventions are conducted by
central banks and usually have a notable, albeit a temporary, impact on
FX markets. A central bank could undertake unilateral purchases/sales
of its currency against another currency; or engage in a concerted
intervention in which it collaborates with other central banks for a
much more pronounced effect. Alternatively, some countries can manage
to move their currencies, merely by hinting, or threatening to
intervene.
Sigma Forex provide the clients with the lowest spreads in Forex Market for the most traded pairs and Forex spots.
Trading Hours
Sigma Dealing Room operate 24/5 from Sunday 23:00 CET until Friday 23.00 CET. You Can contact us directly: (+44) 207 147 5291
Margin Requirements
The margin requirements must be respected by Friday at 23:00 GMT and before holidays.
One
of our dealers will contact you if you are below your margin
requirements at that time. Your margin requirements will depend on the
client's account equity. However, if you approach the level where the
loss of your open positions approaches the balance of your account, you
will be stopped out and your positions will be closed. Stop positions
will be executed when there is only around 50% equity of the required
margin left in your account.
Streamline Dealing
Clients will not suffer Price Re-Quote that you can buy and sell directly on real-time prices without a request for quote (RFQ). Clients taking advantage of wrong price quotes in the Market Watch will be requoted.
Sigma
Forex effort is taken to ensure correct pricing at all times. However,
there are rare circumstances when wrong prices are given.
Technical
analysis is the study of market action, primarily through the use the
movement of charts for the purpose of forecasting future price trends
movement. Technicians use technical indicators, chart patterns &
technical strategies to forecast the next movement of the chart &
compare it with the previous the run the trade in that base of
comparison.
A
chart or graph is a type of information graphic or graphic organizer
that represents tabular numeric data and/or functions that it is a
graph of the price movements of a given security over a given time
period, sometimes along with volume data. Charts are often used to
make it easier to understand large quantities of data and the
relationship between different parts of the data. Certain types of charts are more useful for presenting a given data set than others. The charts are one of the main interests at Sigma. Charts are a statistically noticeably technical analysis tool for a trader that wants to carry out successful trading. Currency charts bring clearly a single period of time and that period could range from one minute to one month to several years. Charts are the main tool that technical analysts use in order to plot data and predict prices.
According to the above chart, Y axis represents prices X
axis represent period which can be customized within that range: M1,
M5, M15, M30, H1, H4, D1, W1 and MN where M is minuets, H is hours, D
is days, W is week and MN is months. The fluctuations in the chart
based on the demand & supply in the market & for that the
technical analysis made to predict the next events by using different
indicators. Most of traders use daily charts & intraday date to forecast short-term price movements. Most of investors use weekly & monthly charts to forecast long-term price movements. Others might use combination between short-term & long-term charts.
What are support, resistance & trend?
Support: is the price level at which demand is strong enough to prevent the price from declining further. Resistance: is the price level at which selling is strong enough to prevent the price from rising further. -
There is no support without resistance & there is no fixed support
or fixed resistance in which each support can be a resistance next
period by breaking prices below a support level, the broken support
level can turn into resistance & Visa versa. - It’s very difficult to predict the next support or next resistance
Trend: A trend line is a straight line that connects two or more price points
and then extends into the future to act as line support or resistance.
There are three cases Uptrend: is a connection
between two or more low prices in which the second price must be higher
tan the first price (It acts as support line). Downtrend: Is
a connection between two or more high prices in which the second must
be lower than the first price (It act as resistance line).
What are types of charts? There are three types of charts in Sigma platform: 1) Bar Chart: It’s a style of chart used by some technical analysts where the top of
the vertical line indicates the highest price a security traded at
during the day, and the bottom represents the lowest price. The closing
price is displayed on the right side of the bar, and the opening price
is shown on the left side of the bar. A single bar like the one below
represents one day of trading.
2) Line chart: It’s a style of charts created by connecting series of points together in a line. It’s the most popular chart but has less use by the technical analytics.
This
chart does not show what happened during the time unit selected by the
viewer, only closing rates for such time intervals. The line chart is a
simple tool for setting support and resistance levels.
3) Candlestick Chart: It’s
the oldest types of charts developed in the 18th century by legendary
Japanese rice trader Homma Munehisa, this style of charting is very
popular due to the level of ease in reading and understanding the
graphs. Each candlestick includes the open, high, low, and close, of
the timeframe, and also shows the direction (upward or downward), and
the range of the timeframe. Below are examples of candlesticks and a definition for each candlestick component:
..."try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.sigmaforex.com/sigma-rewards/practice-competition.html"> Practice Competition
Sigma Forex Ultimate Forex Monthly Champion
Interested clients who wish to take part in this competition shall send a request via email at
This
e-mail address is being protected from spam bots, you need JavaScript
enabled to view it Attached with the following information:
Full name
Phone number
Current valid passport or government issued photo ID
It begins at the beginning of each month.
After
recieving your request we will provide you with further details and
with your Practice account login information which will be used in the
trading contest.
Also you have to download Sigma Forex Platform to login with the account number and password after receiving them.
In each contest you will recieve $ 5'000 as balance with 100:1 as leverage
There will be 5 prizes awarded each contest for the participants that managed at least 30 Standard lots:
For More Details about contest rules contact us at
If
at any time you need assistance please click on the Live Chat button on
the right hand side and our customer support staff will help you
through the process.
As
a professional online trading service Sigma strives to give an eminent
beyond comparison of professional and individualized trading services,
Sigma also provides several facilities for all kinds of traders.
Sigma
helps private and institutional clients achieve their trading goals by
offering an inclusive forex trading package, along with the
state-of-art trading platform, real-time news and wireless access. We
relegate to meeting and exceeding our customers' expectations with the
utmost professionalism and integrity.
Sigma provides appropriate
services satisfying the needs of all business partners’ specified
requirements. A client's profit is our success and a client's loss is a
significant call of action for us, we consider every client as a
special case and a partner.
Sigma's Customer Support is our
business core, as we provide 24/7 customer support. We keep in touch
with all our clients to make sure that we are on the right pass.
