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    Sigma Forex Chart Patterns

    Sunday, September 14, 2008, 11:11 PM [General]


    Chart Patterns

    1) Symmetrical Triangles:

    A chart pattern used in technical analysis that is easily recognized by the distinct shape created by two converging trend lines. It designed by drawing two trend lines that connect a series of sequentially lower peaks and a series of sequentially higher troughs. The signals to buy or sell when there breakout between the triangle & the price line




    2) Head & shoulder:

    The pattern contains three successive peaks with the middle peak (head) being the highest and the two outside peaks (shoulders) being low and roughly equal.
    Trading Signals
    Place a stop-loss just above the last peak below the neckline
    After the breakout, price often rallies back to the neckline which then acts as a resistance level. Go short on a reversal signal and place a stop-loss one tick above the resistance level.




    3) Wedges:
    Falling Wedges:

    Falling wedges is a bullish pattern that begin from the top then the prices contract.
    This price action forms a cone that slopes down as the reaction highs and reaction lows converge.

    Rising Wedges
    A rising wedge is generally considered bearish and is usually found in downtrends. They can be found in up trends too, but would still generally be regarded as bearish.



    4) Flags & Pennants:
    Flags:
    A flag is a small rectangle pattern that slopes against the previous trend.
    The prices between the two parallel lines form a channel to form a square.
    Bullish flags are characterized by lower tops and lower bottoms, with the pattern slanting against the trend.
    Bearish flags are characterized by higher tops and higher bottoms with the pattern slanting against the trend.
    Pennants:
    A pennant is a small symmetrical triangle that begins wide and converges.
    Bullish pennants are characterized by lower tops and lower bottoms, with the pattern slanting against the trend.
    Bearish pennants are characterized by higher tops and higher bottoms with the pattern slanting against the trend




    5) Cup with Handle:

    The cup formed after an advance and looks like a half circle or rounding bottom.
    As the cup is completed, a trading range develops on the right hand side and the handle is formed.
    A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
    The cup pattern should take weeks to form without any upper limit.
    The handle may form over one or two weeks but may also take several months.

    A "V" shaped bottom would be considered too sharp of a reversal to qualify. The softer "U" shape ensures that the cup is a consolidation pattern with valid support at the bottom of the "U". The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
    The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement is, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.




    6) Higher Lows and Lower Highs




    7) Rectangles





    RSI with Momentum

    It measures the amount of change in commodity’s price during a period of time.
    Using both RSI & Momentum for average 14 days will enable a solid strategy in determining signals.

    rsimom

    Signal to buy:
    RSI rises above 50 but stays below 70, and momentum rises above zero.
    Signal to sell:
    RSI falls below 50 but stays above 30, and momentum falls below zero

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    Sigma Forex Funding Methods

    Sunday, September 14, 2008, 11:05 PM [General]


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    Funding Methods

    Safety of funds plays an important role in any type of business; we make our best efforts to ensure protection of customers’ money.

    • Minimum deposit required for funding new accounts:

    Our accounting department is ready to help you fund your new account or add funds to an existing account. For Standard Dealing Desk Accounts the minimum deposit is $ 500, and for the No Dealing Desk Accounts the minimum deposit is $ 2000.

    • Deposit instructions:

    You must open a web account and associate it with your live account to insure security of transactions in your account

    How to do so?

    1. Open web account

    2. Login and associate your Live Trading Account with your Web Account

    3. Login to your Web Account and click 'Make a Deposit"

    • Deposit methods

    1- Bank wire transfer

    A wire transfer is a transfer of money from one bank account to another. The actual transfer is done by the bank, and neither the sender nor the recipient of the money sees or touches the actual funds.

    Deposit Time
    1-5 business days SigmaForex does not guarantee deposit times in the event of a margin call

    Fees
    None

    SigmaForex will not be held responsible for charges or fees assessed by going through an intermediary bank.

    Withdrawal Eligibility
    Immediate availability

    Restrictions
    The account holder name of the funds must always match the name listed as the customer on the trading account.

    2- E-gold payments

    Open www.e-gold.com- Create new e-gold account - Issue transfer request from your e-gold account to SigmaForex e-gold account.

    Deposit Time
    Immediate deposit SigmaForex does not guarantee deposit times in the event of a margin call

    Fees
    None

    SigmaForex will not be held responsible for charges or fees assessed by going through an intermediary bank.

    Withdrawal Eligibility

    Immediate availability


    Restrictions
    The account holder name of the funds must always match the name listed as the customer on the trading account.

    You do not have an account yet?

    Open Live Account

    Thank you for choosing Sigma Forex!
    You are only a few steps away from opening your own account and beginning to trade with Sigma Forex;

    • SigmaForex offer the lowest requirements for both dealing desk and non dealing desk accounts to open the channel for traders with small deposit. SigmaForex Standard Dealing Desk Accounts have $ 500 as minimum deposit and the No Dealing Desk Accounts have $ 2000 as minimum deposit.
    • You will choose your leverage between 1:1 and 1:500
    • Ability to trade Standard, Mini and Micro lots from the same account
    • You will choose whether if you want to trade with dealing desk or be free to be directly connected to the market with the No Dealing Desk
    • No swap, commission, interests or any kind of fees

    Sigma offers the ability to set-up accounts denominated in the following currencies:
    - United States Dollar (USD)
    - Euro (EUR)
    - Great Britain Pound (GBP)
    - Australian Dollar (AUD)
    - Swiss Frank (CHF)

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    Fibonacci Retracement | SigmaForex

    Sunday, September 14, 2008, 11:00 PM [General]


    Wall Street Sign.

    The Basic Theories

    • Dow Theory

    The oldest theory in technical analysis states that prices fully reflect all existing information. Knowledge available to participants (traders, analysts, portfolio managers, market strategists and investors) is already discounted in the price action. Movements caused by unpredictable events such as acts of god will be contained within the overall trend. Technical analysis aims at studying price action to draw conclusions on future moves.

    Developed primarily around stock market averages, the Dow Theory holds that prices progressed into wave patterns, which consisted of three types of magnitude—primary, secondary and minor. The time involved ranged from less than three weeks to over a year. The theory also identified retracement patterns, which are common levels by which trends pare their moves. Such retracements are 33%, 50% and 66%.

    • Fibonacci Retracement

    This is a popular retracement series based on mathematical ratios arising from natural and man-made phenomena. It is used to determine how far a price has rebounded or backtracked from its underlying trend. The most important retracement levels are: 38.2%, 50% and 61.8%.


    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.


     

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    Sigma Forex Lines & Channels

    Sunday, September 14, 2008, 10:55 PM [General]


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    Trend lines are simple, yet helpful tools in confirming the direction of market trends. An upward straight line is drawn by connecting at least two successive lows. Naturally, the second point must be higher than the first. The continuation of the line helps determine the path along which the market will move. An upward trend is a concrete method to identify support lines/levels. Conversely, downward lines are charted by connecting two points or more. The validity of a trading line is partly related to the number of connection points. Yet it's worth mentioning that points must not be too close together. A channel is defined as the price path drawn by two parallel trend lines. The lines serve as an upward, downward or straight corridor for the price. A familiar property of a channel for a connecting point of a trend line is to lie between the two connecting point of its opposite line.

    • Averages

    If you believe in the "trend-is-your-friend" tenet of technical analysis, moving averages are very helpful. Moving averages tell the average price in a given point of time over a defined period of time. They are called moving because they reflect the latest average, while adhering to the same time measure.
    A weakness of moving averages is that they lag the market, so they do not necessarily signal a change in trends. To address this issue, using a shorter period, such as 5 or 10 day moving average, would be more reflective of the recent price action than the 40 or 200-day moving averages.
    Alternatively, moving averages may be used by combining two averages of distinct time-frames. Whether using 5 and 20-day MA, or 40 and 200-day MA, buy signals are usually detected when the shorter-term average crosses above the longer-term average. Conversely, sell signals are suggested when the shorter average falls below the longer one.

    There are three kinds of mathematically distinct moving averages: Simple MA; Linearly Weighted MA; and Exponentially Smoothed. The latter choice is the preferred one because it assigns greater weight for the most recent data, and considers data in the entire life of the instrument.
    Fundamentals Affecting the US Dollar

    Types Of Charts

    A chart or graph is a type of information graphic or graphic organizer that represents tabular numeric data and/or functions.
    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.

    To open a new Forex chart:

    • Through the menu options File > New Chart.
    • Right-click the Market Watch window, then select the Chart Window options
    • Clicking on "New Chart button" on the toolbar
    • Or press the Ctrl + W key combination

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    Sigma Forex Advantages

    Sunday, September 14, 2008, 10:50 PM [General]


    • Advantages Of Forex

    • 24-hour trading, 5 days a week with non-stop access to global FOREX dealers.

    • An enormous liquid market making it easy to trade most currencies.

    • Volatile markets offering profit opportunities.

    • Standard instruments for controlling risk exposure.

    • The ability to profit in rising or falling markets.

    • Leveraged trading with low margin requirements.

    • Many options for zero commission trading.

    • Easily accessible and attractive for the investors of different levels.

    • Protect your revenues from foreign currency transactions by hedging against exposure to adverse rate movements.

    • Trading Forex has much lower transaction costs than other investment products, a very important point for active traders.

    • The market on which money are assets, have highest of all possible liquidities.

    • It allows to avoid a problem of the instability, existing in futures and other share investments where during one time and for a determined price can be sold only the limited quantity of contracts.

    • The FOREX market is so vast and has so many participants that no single entity, even a central bank, can control the market price for an extended period of time.

    • Determination of the maximum loss by using stop loss.

    • Trading using an easy & fast platform.

    • All transactions are over the counter (OTC) that there is no specific location for the market.

    • The Market affected only by the supply & demand.

    • Real time charts.

    SigmaForex Regulative Compliance

    Sigma is devoted to the protection of its valued traders’ investments, and has always been a strongly arguing in the favor of Forex industry EU regulation.

    Conformity in fulfilling official requirements with the regulations set out into notice by EU regulatory institutions ensures that stringent quality control standards are being met and that your business with Sigma is honest, secured, and fair. These regulations require Sigma to maintain enough liquid capital to meet the needs of the amount required to cover all client deposits, potential shift back and forth in the firm’s currency positions and outstanding expenses, and generally operate under just and equitable principles of trade. Sigma not only placed under all relevant laws, rules, and regulations set out into notice by these agencies, but are also tested by three annual audits: two are performed by independent auditors, and one by its own internal audit committee. As an international and ban-European forex brokers, Sigma has always been concerned about complying with international laws and regulations. The company’s wide spread structure across countries borders puts an additional focus on multinational regulations, especially Cross-Atlantic laws. In the US, all Futures

    Brokers are obligated to comply with the CFTC US Commodiltyand NFA NFA even though Sigma doesn’t offer any futures, but full complying with both regulative authorities specially on Anti Money Laundry Laundryand  and the financial Action Task Force FATFOur Anti Money Laundry policies are fully compliant with the following international authorities:APG

       ESAAM GAFISUD

    Sigma’s multinational structure secures our clients a strong fundament and safety. Our International legal teams are working side by side with the international regulative authorities to follow and set safer standards for the financial industry.

    In addition, Sigma is complying with Swiss Federal Bank Commission and The AIBW, AIBWthe Association of Introducing Brokers Worldwide The Committee of European Securities Regulators (CESR) http://www.cesr-eu.org/

    In the USA, we support and comply with

    In Canada

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