Trading

The world of cryptocurrencies might be new but within a short space of a decade and a half, the growth of cryptocurrencies has been very impressive to say the least. Many players have come with their own cryptocurrencies and there also have been growth of enablers, agents or brokers as one would like to call them. In this article, we will try and learn something more about XTRgate.

What Services Do They Offer?

XTRgate is a popular platform that has been developed for trading of various reputed and well-known cryptocurrencies and this includes Bitcoin amongst others. There are many such brokerage houses today that offer high quality services to cryptocurrency traders across the world. The name of XTRgate also comes into this field and there are a few reasons as to why they are different from others. Traders who have made use of the services of this brokerage house have a few good things to say about them. Let us try and have a look at the various services being offered by them.

Trading Platform

Any cryptocurrency brokerage house is evaluated after looking at various factors. The kind of trading platform that they offer is an important attribute when you wish to evaluate them. Those who have used XTRgate have found out that they have a high quality web-based trading platform. The platform is proprietary based. They have been able to equip themselves with some of the best cutting edge tools and they also offer features that again are comparable to the best. Traders and end-users can access this platform on any device as long as it has a web browser. Access to the website is also quite easy and it happens almost instantaneously.

Easy To Navigate

The website is also user-friendly and navigation from one page to another can be done quite easily. It also allows the traders to complete their buying and selling without any trouble. The platform has been designed with quite a bit of thought and keeping the end users’ convenience and comfort in mind. It is a perfect combination of modernism with simplicity and therefore most users believe that it is easy and intuitive to use. It also comes with many inbuilt tools and features. These are useful, both the experienced and new traders and they can trade without too much of hassle.

A Wide Range of Cryptocurrencies

As mentioned earlier in the article, XTRgate has earned its reputation for being a successful facilitator and broker for Bitcoin and other major cryptocurrencies. Hence, you will be able to trade some of the most popular pairs of cryptocurrencies. These include Ethereum, Ripples, Monero, Litecoin, IOTA and of course Bitcoin. The list of the cryptocurrencies are being added and updated regularly and it is quite obvious that many more cryptocurrencies will be available to the traders within a reasonably short period of time. This is because the broker is committed to offer the widest possible choices as far as cryptocurrency-pairs are concerned.

Spreads & Leverage

There is no doubt that spreads and leverages are critical because they impact the profits and also have a bearing on the ability of the traders to trade. XTRgate has been able to stand out quite effectively in this area. The leverage would depend on the cryptocurrency pairs being used. While some pairs come with a leverage of 1:2, there are others that offer 1:5 and a few more offers up to 1:20. The average spreads range from 0.1 o 0.2 pips and it covers almost all cryptocurrency pairs. This is quite good because it gives the traders to earn big money if they know how to trade well. They have zero commission policy and this also is competitive as far as the traders are concerned

Types of Accounts

The basic account is the most common and popular type of account and it can be opened with an initial pay-in of $250. They also offer Bronze account for $10,000 and Silver Account for $25,000. They also two more premium class of accounts and they are Gold and Platinum accounts with account pay-in amount being $50,000 and $250,000. So the customers can choose the account depending on their ability to deposit and based on the strength of their pockets.

Final Thoughts

XTRgate also offers the best of customer services and other such supports. In addition they have a huge variety of online assets such as a Crunchbase and a Linkedin Page. Hence, when we take into account the various factors and look at them from a holistic point of view, there is no doubt that they are quite good when compared to most cryptocurrency brokers in the market today.

About the company

As the forex market is in a continuous change, traders around the world are looking for brokerage companies that come with new and innovative solutions for trading. Clicktrades is one of the brokers that come with a unique approach to trading and that is why we want to discuss their offer.

Owened by KW Investments Limited, the company offers CFD trading services for ETFs, forex, bonds, indices, shares, cryptocurrencies and commodities. We’ll focus mainly on forex trading in our material.

Forex Trading

Forex traders will have plenty of currency pairs to trade. The Clicktrades forex trading offer has more than 50 pairs, divided by the company in four different categories: primary, majors, minors, and exotic. Trading conditions for primary and major pairs are mostly in line with what other brokerage companies are offering. Spreads are decent and leverage up to 200:1.

Trading Tools

One of the most important aspects that differentiate Clicktrades from the competition is the proprietary web-based platform. The company wanted to rely on a unique software solution and this may be a positive or a negative, depending on what each trader desires. In terms of the platform functionalities, it offers most of the features available on MT4 or MT5. Multiple charts types and time frames, dozens of indicators, drawing tools, and others.

Alt-text: Clicktrades trading platform

In addition to that, it has a “Trending Now” section with most of the popular trading instruments, and an “Alerts” section which enables traders to add price alerts. This will save time since you won’t have to watch the market constantly and you will get notified when the market researches a particular level.

Traders who want to choose the Clicktrades forex trading offer can choose between Essential, Original, and Signature accounts. Not a very diversified offer and the $1,000 deposit for the basic account (Essential) might be viewed as high by some traders. For Original and Signature account holders, Clicktrades offers open access to research, special trading conditions, and one of the most important tools – the Trading Central.

Developed by an award-winning company specialized in market analytics and research, the Trading Central feature is built into the platform and is aimed to optimize your trading sessions. It is developed by a brand that has supported investment decisions since 1999.

Summary

Clicktrades is a company that comes with a different forex trading offer and depending on what each trader expects from his broker, this could be a reliable option to choose. Trading conditions are mostly in line with what other brokers offer, with a few different tools and functionalities that can make a difference.

RISK WARNING: Trading Forex and CFDs is highly speculative, involves significant risk of loss and is not suitable for all investors. 

Investment has become pretty popular in today’s world. People invest their money in mutual funds, stocks, and bonds to raise capital that requires one to opt for a Demat account. Lately, there’s a new investment instrument that has gained massive popularity in India – Currency Trading.

Often referred to as Foreign Exchange or Forex, Currency trading refers to the process of buying and selling currencies in the Forex marketplace to earn profits. With more than $5 trillion being traded daily, the currency trading market is undoubtedly the biggest global marketplace and offers quick growth projections. One can trade in currencies that are benchmarked against INR like USD, Euro, UK Pound, and Japanese Yen. But first, let us analyse the benefits of Currency trading in India.

Benefits:

• Hedging:

Hedging is a way of reducing your losses in the light of unexpected movement in the price of currency pairs. For instance, if you have a payment to make in USD and you think that USD-INR is going to depreciate, you can hedge your forex exposure by purchasing USD-INR and that will fix your payout rate. Hedging can be done through simple hedging (place trade to buy a currency pair and place another trade to sell the same), complex hedging (has a different approach than simple hedging because of restrictions from trader), multi-currency pair (you make a hedge using two different currency pairs), and forex option (agree to conduct an exchange at a particular price in future.)

• Speculation:

Currency prices, even though unstable, are somehow predictable. Besides, short term movement of markets can be speculated to some extent. Here the speculators buy a currency when price is weak and trade the same currency when it has a great value.

• Arbitrage:

This is the strategy of exploiting the price disparity in the forex marketplace to earn profits. The trader here takes advantage of the inefficiencies in the exchange rate in different markets, which happens for a short period. You can buy the currency at a lower price and then sell it at a higher price to earn profits.

• Leverage:

In currency trading, you can get much higher leverage as compared to stocks. Leverage involves borrowing money, in this case from a broker, to invest in the currency market. This is possible only if intraday trading is involved. You trade more money than what you have, and pay only a margin price of traded value and therefore get pretty high leverage.

Currency trading is a great mode of earning profits. There are a plethora of reasons you should be investing your money in the currency market. The forex marketplace is open round the clock and is comparatively hassle-free. Demat account opening is not a necessity to trade-in the currency market. The online process of forex is commission-free and superbly quick. Even though the process can be risky, but if executed wisely, can be highly rewarding. Gather adequate knowledge about the market and its traits before trading your money.

Multiple time frame analysis is one of the most effective ways to find great trades. The rookie traders rely on the indicators readings to filter the false signals. Even after learning the proper use indicators, it’s really hard to assess the quality of the trade setups. If you manage to learn multiple time frame analysis, it won’t take much time to develop your skills like the professional traders. Based on this technique you can easily find good trades at any market condition. Though the system is extremely profitable, very few traders know the perfect way to do multiple time frame analysis. Today, we are going to teach you the proper way to do multiple time frame analysis.

Learn the technical analysis

Before you focus on multiple time frame analysis, you have to learn technical analysis. Technical analysis allows you to find the best possible trades at any market condition with an extreme level of precision. Though there are many trading techniques, you need to rely on a simple strategy. Learn the use of Fibonacci retracement tools, trend line, etc. to find the best possible trades. When you do the technical analysis, you have to understand the importance of higher time frame signals. The lower time frame always generates messy signals and it became nearly impossible to make a consistent profit. But if you stick to the higher time frame, you will get quality trades.

Using a different time frame

Studying different time frame in your online trading platform is known as multiple time frame analysis. The new traders execute high-quality trades based on multiple time frame analysis and make a decent living out of trading. When you study a different time frame, you need to give more priority to the higher time frame trade signals. At times you might find buy signals in the daily time frame and sell signals in the 1-hour time frame. This is where you need to stay in the sidelines. If you study three different time frames, you must get the same signals. Unless you get the same signals, the chances are very high that you will lose money from that particular trade.

Blend the fundamental data

Before you execute the trade based on multiple time frame analysis, you need to blend the fundamental data to increases your win rate. Those who ignore the high impact news are most likely to lose a big portion of their investment. Being a new trader in the Forex market, you have to understand the fact, trading is all about precision. To find the best possible trades, you must use the technical and fundamental data at the same time. Make sure you do the technical analysis based on multiple time frame analysis. Once you come to a decision, analyze the news factors and see whether it merges with your technical decision.

Dealing with the risk factors

Though multiple time frame analysis is a great way to secure big profits in the Forex market, you still have to lose trades regularly. Losing trades are inevitable and you can’t become a profitable trader without doing the proper market analysis. Unless you work hard and prepare yourself for the worst-case scenario, you will never have a business mindset. The professional businessman in Singapore know the proper way to embrace the loss. Train your mind so that you can deal with the losing trades without any stress. Never try to make big profits from this market by increasing the risk factors. Trading is more like finding decent profit-taking opportunity with low-risk exposure. So, learn the proper way to manage your risk exposure and it will help you to become a better trader. Think twice before you execute any trades. Give priority to the daily time frame data when you focus on multiple time frame analysis. Last but not least, never ignore the high impact news.

There are several technical analysis tools that are driven by a mathematical concept that has been around for hundreds of years. They all stem from a ratio that is driven by the Fibonacci sequence discovered by an Italian mathematician in the early 1400’s. The Fibonacci sequence can provide you with support and resistance levels as well as profit targets and stop loss level. You can use Fibonacci retracement levels on their own or combine them with other trading methodologies. The Fibonacci ratios are used by day traders and foreign exchange traders to generate investment decisions.

The Fibonacci Sequence

The inventor of the Fibonacci sequence was Leonardo Pisano Bogolla. He was an Italian mathematician and lived in the city of Pisa.  The Fibonacci sequence follows a pattern that can be observed in nature. Excluding the first number in the sequence every other number is the sum of the prior 2-numbers. The sequence starts at 1, and then progresses to 2, 2+1 is 3, and then 5, 8, 13,21, etc. Another property of the sequence is that ratios can be created from the Fibonacci numbers. The ratios are calculated by dividing the lower number by the subsequent higher number, and by dividing the lower number by the sequence higher number that is 2-places higher than it.

How to Use Fibonacci Retracement Lines

The most popular technical analysis tool constructed from the golden ratios of the Fibonacci retracement levels. Both the 32.8% ratio and the 61.8% ratio are calculated by evaluating the price of the security or exchange rate of a currency pair from a high point to a lower point.

 To draw Fibonacci retracement lines, you need to find the highest high over the time frame you are evaluating and subtract the price or exchange rate from the lowest low.  The difference is then multiplied by 61.8% and 38.2%.

Strategies for Trading Fibonacci Retracements

There are no restrictions on the time frames that you can use for a Fibonacci trading strategy. You should feel just as comfortable using this technique on intra-day data as you would on daily or weekly prices. The golden ratios will work on all periods you decide to analyze.

Fibonacci Retracement Support and Resistance

Fibonacci retracements, can be used to create support and resistance levels.  If you are a day trader and interested in using Fibonacci retracements on intra-day data, you can target profit and loss levels using support and resistance. In the chart below the EUR/USD using 15-minute bars, you can quickly generate support and resistance levels following a bounce as prices dropped from 1.2388 to 1.2285.  The first level of resistance which eventually became support was the 38.2% retracement.  Prices moved to the next target resistance level at the 61.8% retracement level.

Summary

The Fibonacci sequence which was created hundreds of years ago, has been developed into a technical analysis tool that can be used to target support and resistance as well as take profit and stop loss levels. The Fibonacci sequence was created using the golden ratios, which include the percent 38.2% and 61.8%. Fibonacci retracements are used to calculate support and resistance levels and can be used as a risk management tool. Once you are in a trade, you can use a Fibonacci retracement level as a target to take profit. You can use the Fibonacci retracement on any time frame which can help you manage your position as a day trader.

Every day trader seeks the secret to earning large profits for intraday trading. The stock market can indeed generate wealth, and given this luring factor, most trading enthusiasts look for secrets from successful intraday traders. You can make excellent profits in intraday trading, with a reputed broker such as Kotak Securities, if the market goes in favour of your trading positions. But, if it does not go according to plan, you may have to incur significant losses. This is why it is crucial to make the right position at critical junctures during the day to ride the wave of volatility. Let’s look at the leading secrets of successful intraday traders and how you can profit from them.

• Staying neutral during price movements: Regarded as the best secret of successful intraday traders, observing share price movements based on the prevailing trend is what you must follow. Successful intraday traders do not consider price fluctuations. And like them, with a clearly defined entry and exit strategy, you too will be able to ride the market volatility. Ensure that you do not switch strategies during trade as it could be a dangerous move that could result in huge losses. At the end of the day, the golden rule to remember is to ride with the market trend.
• Identifying the right stock: To search for the right stocks for intraday trading, you may want to study chart patterns and intraday charts. Before entering into the day’s trading, you may want to read up and research on historical charts and understand upward and downward moving stocks. Studying the previous day’s intraday chart can help you to understand the support and resistance levels. An excellent idea is to purchase at the previous day’s support level and short at the former day’s resistance levels. It can also help if you short below the support level and purchase above the resistance level.
• Keep an eye out for lucrative opportunities: Share trading opportunities may appear many times during the day and is not as rare as traders make it out to be. It requires time, patience and study to identify the right opportunity and make a position for a successful trading decision.
• Exercising patience during day trades: One of the most significant and overlooked factors in intraday trading is to be patient. Most day and margin traders jump all in, when the markets open, without prior knowledge or understanding. This eagerness and impatience result in substantial losses being incurred rather than profits. However, successful intraday traders take their time to chart out new strategies before the trading hours begin. It is critical to know that no single approach can be used every day. Hence, on some days, successful intraday traders may sit on the side-lines and observe the market to cut down their losses.
• Avoiding greed and panic: If you have begun trading and you observe the market going in a different direction, you may want to take some time and relax, rather than panicking. This is where maintaining a fixed and strict stop loss comes into the picture. If your stop loss triggers, you may not want to enter the market again. At this time, you may want to observe market trends and join in with other stocks. Continue to watch the market and look out for a dip to re-enter trading.

Conclusion

In addition to the points mentioned above, it can also help if you manage your funds like an experienced money manager. By trading with confidence, adopting key strategies and reading chart patterns — such as candlestick charts and technical analysis — you will be able to keep emotions at bay, and adopt a neutral trading approach to make the right decision. Ensure that you make your positions and execute your orders as per prevailing trend, rather then on rumours and hearsay.

As a day trader, you will have plenty of choices to choose for picking stocks. To make the most of the stocks you select for intraday trading, you must carefully plan a strategy. If you do not the following intraday trading rules to pick the right stocks, you will not be able to make much profit.

How to pick the best stocks for day trading

1. Volume to gain liquidity – The volume of stock that you trade within a day trading is significant. As you will tend to buy more liquid stocks which comes in high volume. A great number of such stocks being bought and sold is what the day traders typical day looks like. Do not forget to check the depth of stocks to understand the market presence of such stocks.
2. Resistance tolerance – While you are monitoring the stock prices, stay alert for any stock which has broken the boundary. Such stocks may hold great promise. You must also do your market analysis before investing. However, do not get carried away by emotions.
3. Trend analysis – Never undermine the ongoing trend while day trading. The trend of the day should determine your entry as well as an exit strategy. Watch out for any shift. Follow patterns. Make most of your time before a reversal hits. Ignoring what the market is saying can be detrimental for your interest as a day trader.
4. Select a sector – It is advised by many industry experts to choose a few stocks or s special sector to invest in. It helps the process of monitoring and you will be able to track any significant development in the prices. Hence, group stocks are more reliable. Accordingly, you will be able to make a decision.
5. Research – Though intraday trading involves buying and selling on the same day. Your research can be spread over days. Learn how you can pick up on trends, identify index and relevant sectors offering enough of liquid stocks on high volume. Pick a number of stocks to have choices. Prepare your plan of action. Let the day trading begin and you can jump in at a suitable time but do remember to leave at the right time as well.
6. How much to invest – Every time you invest in day trading, prepare your budget. Do not invest an amount whose loss you cannot sustain. For day trading especially investing a fixed amount is often considered to be a good idea. Also, stick to a pedigree and then decide how much to invest.
7. Know when to stop – the Understanding the trend of the market is imperative while day trading. You must react with spontaneity to the market calls. If there is a lull in the market, stay put. If you find the market to be too volatile, then refrain from trading that day. An experienced day trader has a tremendous amount of patience and control.

To make your intraday trading a success keep an ardent eye on the market trend. Figure out a good entry as well as an exit strategy. If you want to experience intraday trading, visit trusted brokerage like Kotak Securities and select the free intraday service today.