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Forex is a short term for financial market. Forex simply means buying and selling of currencies of different countries of the world. Forex is one of the largest markets in the whole world with about 4 trillion dollars turn over daily. Despite this larger amount of money in Forex, only 5% becomes successful in this profession. Most Forex trainers will teach you the art of trading without telling you how to be among the top 5% that makes it in Forex. financial market has been a great Avenue to be financially free but only few individuals in Nigeria knows about this great opportunity. The irony of the whole issue is that, even among the new traders in Nigeria, only 2% are successful. I'm going to dish out some of the costly mistakes of new Traders and also the old Traders and how to avoid such mistakes.To get more news about WikiFX, you can visit wikifx news official website.

　　1. Poor Orientation About Financial Market:proper orientation is very vital for any business to succeed. You must know how a company works for you to be successful. Having a large amount of money to invest in forex market is not a enough reason to start trading immediately. Most Traders fails because of erroneous information been passed to them my fellow Traders who are also failures in the industry. Some of the bad orientations are: turning $100 to $2000 within a week, two days of forex seminar is enough to be a professional forex Trader, nobody makes it in forex market and lastly going on live account without practicing on demo account. As a new Trader, you should do enough research about the industry before starting the journey. Because, if the foundation is destroyed there's nothing you can do. This orientation can be acquired from a reputable forex broker, mentors and reading books on Forex. In Nigeria, some Forex brokers offers free seminars and you can make use of the opportunity to ask them questions about the market and how it works. This will give you an edge as a new Trader and to be successful.


　　2.Spending Limited Time on Demo Account:demo account is meant to help you practice and perfect your trading strategy before moving to Live account. Most brokers do offer a free demo account for their clients. One of the major mistakes new traders make is to spend just few days or weeks on demo account then move to Live account immediately. Demo account helps you to get familiar with the trading application and the business environment. Apart from getting familiar with the market environment, you also perfect your trading strategy before going live. Even old Traders that are intending to develop a new strategy, should use a demo account to perfect it before using the strategy on live account. It also helps to build and develop a strong psychology that will be of a great help when you start trading Live account.

　　3.Poor Trading Plan:Forex is like any other business that requires a concrete plan. Before you start a restaurant business, you need to plan the location of your restaurant, the kind of meal that you'll be offering your customers, types of chair and table to use in the restaurant, and other stuffs. The same thing applies to Forex market. Forex is a serious business and it should be treated as such. Your training plans should consist of the strategy to be used, entry rules, exit rules, risk management and personal journal to record all of your trades. Most Traders lack the ability to develop an effective trading plan and to follow the plan accordingly. Without a trading plan, all you will be doing in the market is gambling. Without entry rules you might enter the market late or without exit rules, your positive trades my turn to negative. Also, without proper risk management, there's 90% chance that you will blow out your account. Before each trading day, go through your trading plan to avoid mistakes. It also helps you to keep your emotions in balance. I will advise you develop a strong trading plans before trading.

Importance of Spotting Profitable Trends-Karen Foo



Now, spotting a trend is easier said than done. But if you are able to spot one and ride on it, you can potentially experience a lot of untold benefits in your trading career.To get more news about WikiFX, you can visit wikifx news official website.

　　The art of trend following or trend spotting is something that is not new. Traders and investors have been doing it for years.

　　I have personally tried scalping, day trading, swing trading and position trading. I prefer long term trading any day.1. It is a popular strategy among professional traders


　　What if you bought gold when it dropped during the 2008 financial crisis and then closed your eyes from that point onwards？ You would have made a handsome profit and return just from buying and holding.

　　One thing that is common among many retail traders is that they are very technical focused and they are more inclined to get into day trading.

　　While day trading may be profitable for a small group of traders, theres no harm to look at what the big boys are doing.
Professional traders are mostly fundamentals focused and they make decisions based on leading economic indicators like surveys, housing starts & M2 money supply rather than lagging economic indicators like inflation rates & new home sales.

　　Unfortunately, retail traders are trading based on what the lagging economic indicators are telling them. That is why they lose big time.

　　Professional traders hold their trades for months to ride the trend. While this method may not be suitable for everyone, the big trends are where the big profits are made.
2. Less stress, less headaches

　　One of my favourite aspects about holding a trade for weeks and months is that it can free up time for me to do other things. Of course, I have to do the initial research before I put on the trade.

　　But once I‘ve put on a position, I don’t really have to stare at the charts all day, which is what a lot of beginner retail traders do.

　　With that said, Ive tried scalping and day trading when I first started out as a trader.

　　I find that I‘m mak ing more trades but yet my profits didn’t increase by a significant amount. In fact, my attempt to scalp led to losses. Maybe scalping just isnt for me.

Why are there different trading methods in the market？ This is because the effectiveness of any trading strategy is based on the personality or characteristics of the trader, and the strategy needs to suit the trader's personal trading style. If a trader's strategy is contrary to his personality, the trader will definitely not succeed. Numerous examples have proved this, and the investment circle generally agrees on this point: the best strategy is the one that suits you, while what is considered the best by others may not necessarily be the right one for you! To follow the the rules of trading is to acknowledge and respect the individualities of traders.To get more news about WikiFX, you can visit wikifx news official website.

　　Different characteristics lead to different psychological states of traders during trading. These psychological states can also be regarded as a “psychological compound” composed of various psychological factors, some of which are strong, while others are weak, and they are constantly changing, rather than set in stone.


　　According to the characteristics of traders, we divide traders into the following 15 types:

　　1. Accurate traders: this type focus on the accuracy of pivot points, such as opening positions and closing positions

　　2. Administrative traders: they focus on the arrangement and efficiency of all trading links, including working time, planning, risk control, etc.

　　3. Artistic traders: they tend to associate trading with art, philosophy, natural laws, etc.

　　4. Adventurous traders: they are more aggressive when trading and are willing to take risks in order to obtain greater benefits

　　5. Detailed traders: this type pay attention to various details in the transaction and strive for perfection

　　6. Facilitative traders: they value personal progress, self-education and strive for personal growth

　　7. Interest-based traders: they treat trading as a hobby and trade just for fun

　　8. Independent traders: they like to sit at home and trade with their own money

　　9. Innovative traders: they pursue new strategies and methods, and are always exploring better profit methods

　　10. Planned traders: they make a complete plan before trading and execute their trading accordingly

3 ESSENTIAL FEATURES OF 'DAILY TRADING RANGE' NEGELECTED BY MOST TRADERS


We will be discussing a very basic but highly useful resource in today's lesson which can provide valuable information to the trader.To get more news about WikiFX, you can visit wikifx news official website.

　　Essentially, there are many ways in which you can use a pair's daily trading range information to help you do better trades. Currency graph is the major source of reference for traders in order for them to know or identify the markets conditions other than the economic news. Currency graph is divided into 2 main axes:

　　1) X axis: fixed data/information (time)

　　2) Y axis: fluctuate data/information (currency price)

　　These two combinations will produce a wave presenting the change in currency price is equivalent to the change of time. Currency volatility are usually move in an approximately similar range according to certain seasons.


　　This range equivalence graph movement can help us to estimate our potential trade profits or risks based on the entry point within that range movement.

　　The range for each currency pair is not identical. Some of the pairs can move less than 50 pips a day while some of them can move over 150 pips in a day.
Daily Trading Range is defined as the average of graph volatility within a day starting from the market is open until it is closed.

　　It is measured from the lowest price to the highest within a day. The way to use DAILY TRADING RANGE is that you can use the TF Daily, click on candlestick one by one, plot it at the lowest price and project it to the highest price on the same candlestick. After that, you will find that the length of the daily candle is almost similar to the pair.
If you gathered all the currency pairs and arrange it according to the DAILY TRADING RANGE as the diagram prepared by me, you will notice that the movement distance of each currency pair is different. The diagram shown is merely for illustration as the DAILY TRADING RANGE will change according to the seasons.

　　For your information, the DAILY TRADING RANGE will change over time. It usually changes once a month. So, if you want to get the DAILY TRADING RANGE for today, you only need to compare the DAILY TRADING RANGE within a month or 2 months.

　　Here, you can compare which of the pairs are move faster and which are move slower. If you are targeting for a low-risk trading, choose a pair which its DAILY TRADING RANGE is lower. For the new traders who are just getting started to trade, it is recommended for you to trade currency pair which its DAILY TRADING RANGE is lower to minimize the risk of loss.

　　However, if you are targeting for a high-risk trading with a rapid and huge profit potential, you may choose a currency pair which its TRADING RANGE is higher. Logically, higher trading risk is usually will produce higher profit potential.

It might be stating the obvious, but your car's headlights are a safety device, and not all headlights are created equal. For a while, carmakers have been fitting powerful LED headlights to their high-end offerings, but more often than not, their cheaper cars—and particularly cheaper trim levels—get saddled with much-weaker illumination. But sometimes a commuter wants to see more of where they're going when the sun goes down. Eventually, they go looking for a solution, starting with their local automotive parts store. But stuffing aftermarket LED headlight bulbs into OEM housings designed for conventional halogen units results in dangerous glare for oncoming drivers. While LEDs can deliver more intense light at a higher end of the spectrum, most aftermarket units also create a hazardous condition.To get more news about car led headlights, you can visit iengniek official website.

The major brick-and-mortar auto parts stores know this, which is why they tend to shy away from aftermarket H11 LED bulbs, other than ones clearly marked for use in fog lamps or "for off-road use only." It's a different world online, with off-brand H11 LED bulb listings on Amazon, eBay, and Walmart websites failing to carry the same prominent warnings.

You can get pulled over for non-spec headlamps, and for a good reason. In addition to issuing a citation, the law enforcement officer may have the legal right to force you to remove the bulbs. More ominously, once the officer has pulled you over, you risk a vehicle search. With all that in mind, it would be wise to keep a set of securely packaged OEM bulbs in the glovebox or trunk if you are running aftermarket LEDs.
With LED technology rapidly evolving, the industry in a constant beta-test state. While the lighting giants are incredibly cautious in bringing new products to the market, as drivers we're all guinea pigs on four wheels for off-brand manufacturers that spin out new bulbs like chickens lay eggs. The lack of regulation enforcement and objective, independent testing puts lives at risk.
Although Consumer Reports tests new vehicle headlamps, it hasn't tackled the topic of LED replacement bulbs, despite Consumer Reports' extensive resources. A comprehensive Consumer Reports aftermarket LED replacement bulb test would go a long way to bring clarity to the market. Consumer Reports' testing of conventional replacement bulbs found that while aftermarket units can improve headlight brightness, there's much more to it than that. "Distance and how far a headlight illuminates is governed more by the reflector (behind the bulb) or the lens (ahead of the bulbs). While you can change the bulb, you are not changing the distance, i.e., not necessarily improving safety."

High-end headlights are now a must if an automaker wants the coveted Insurance Institute for Highway Safety (IIHS) Top Safety Pick+ designation for a particular model of car. While IIHS performs exhaustive headlamp testing with new cars and SUVs in their laboratory and test track, it does not have an official position on aftermarket replacement bulbs for older vehicles. The IIHS recommends that you make your vehicle purchase decisions carefully, considering not just the make and model but the specific trim level.

Automakers have embraced light emitting diodes (LEDs) in headlights, and their use is becoming more widespread. At Consumer Reports, 55 percent of the 2018 models we tested had LED headlights. Of the 2019 models we've tested, 86 percent had LEDs.To get more news about led headlights, you can visit iengniek official website.

LEDs are small and can be used in a string of lights, giving car designers more leeway in how the headlights look. But in CR's testing, we discovered that these new lights don’t offer any more illumination than traditional halogen and/or high intensity discharge (HID) headlights.

The problem for many consumers is that they’re paying more for the LEDs but not getting much bang—if any—for that extra buck, says Jennifer Stockburger, director of operations at the Consumer Reports Auto Test Center.

“Yes, they’re stylish, but drivers need lights that will make them safer, and not just make a fashion statement,” Stockburger says. “Car shoppers need to think about headlights as a safety feature in the same way they think about brakes or even seatbelts.” All headlights illuminate the road ahead in one of two ways, Stockburger says. The first, traditional way is to use a reflector to bounce the light from the bulb forward. The other way is to use what is known as a projector, where the headlights use a lens that focuses and directs the light outward.

There are several ways for headlights to create illumination. Halogen bulbs heat a filament to the point where it emits light. They’re the most common on U.S. roads, and they typically give off a yellowish tint.

HID headlights are less common, and they work by igniting a gas—most often Xenon—with electricity inside a bulb. They emit a white or bluish-white hue.LEDs are a far more advanced technology. There are two semiconductors (on a small chip) with either a surplus or a small number of electrons. When the two semiconductors have an electrical charge applied to them, atoms move toward each other and combine, and the resulting energy that's created is released as light.

LED headlights first appeared in the U.S. on the Lexus LS 600h sedan back in 2007, and they were originally found only on high-end cars. But LEDs began appearing in more mainstream models about eight years ago, and some of them impressed us in our testing.

The 2015 Cadillac Escalade’s LEDs, for example, were the best-performing headlights we had tested up to that point. Phil Leinert, a communications manager at General Motors, notes that the Escalade was the first SUV sold in the U.S. with all-LED headlights.

The demand for space on World of Warcraft Classic servers, which launched tonight at 6 p.m. Eastern Time, has been overwhelming.To get more news about Shadowlands WoW Gold, you can visit lootwowgold news official website.

Fans of the nearly 15-year-old game have been creating characters like mad since last week, reserving their names and a shot at recapturing the nostalgia of playing the game as it was close to its launch. There is no up-front cost to Classic; if you have an active World of Warcraft subscription, you own it. So the barrier to those wanting to take a gander at the game, whether they stay or not, is very low.

As a result, nearly every server at launch was reading Full before the game even began, and Blizzard's been posting increasingly plaintive notes asking people to move off ultra-full servers where streamers or popular communities have taken up residence to newer, lower-population servers.

Realistically, WoW game director Ion Hazzikostas told Forbes, the population is going to drop dramatically after the tourists leave and the committed WoW Classic players settle in for the long haul. To deal with that disparity, the company is using "layering," which creates multiple copies of the entire game world of Azeroth to hold people in the short term.

I caught up with Hazzikostas for an extended interview about those realm login queues, the reasons for layering, and how it works. This is the first part of that interview, talking specifically about why you're probably waiting in a login queue right about now. (Welcome! Can we get you a cup of coffee and a few good stories to read while you wait?)
To be clear, we don't view layering as an improvement to the Classic experience. We're not saying that man, we wish we had layering back in 2006, it would have made it so much better, but now we have it, so let's do this. Layering is the lesser of several evils by a large margin.
We are trying to manage long term healthy populations on these servers around a unique sort of game launch. There's no box that you have to buy on a shelf in a retail store for an outlay of dollars. We are opening this world up to millions of people, many of whom are just going to want to check it out as a matter of curiosity.

There are others who've been waiting for this clearly for years and they are in, as in as can be, but they're all going to be there contending for the same server space on day one.

Say goodbye to unrewarding PvP kills. The PvP Honor System will be implemented on November 12! Get ready to rack up those kills because things are heating up. Arm yourself with the best gear, or start farming WoW Classic gold for them. You don’t want to get caught flatfooted at the starting line of the race to get ranks, do you?To get more news about WoW Gold Classic, you can visit lootwowgold news official website.

It is a way to keep track of the PvP kills of a player. Accumulating ‘honorable kills’ (HK) will increase your contribution points (CP). Those points will determine your ranking points. Along with your HK, ranking points influence your final rank. Ranking only measures your contributions to PvP and is not a level of anything. It’s a measure of how active you are.

Now, HK isn’t the only way to farm contribution points. Completing Battleground objectives in later phases will also give you contribution points. It’s a better way to farm points. When you kill the same person multiple times within 24 hours, you get diminishing returns. That’s why, even when participating in long Battleground games and having over 1000 HK, you get less CP than when completing objectives. You can circumvent this by joining many short games against a different set of players each time.

Party members will get the same amount of CP as the host. There is less gain or none at all if the target is too weak or is too low ranking compared to you. Conversely, if you defeat equal to you or higher-ranked players, you get more points.

Rankings are calculated once per week. If you don’t participate, your rank will decay. Since it’s a measure of your activity, you only keep your rank if you do the bare minimum. To increase your rank, you have to be more and more active in world PvP and Battlegrounds.
Yes, the system brings rewards to those who participate. Aside from bragging rights and the feeling of superiority, you can get sweet armor based on your rank. Lower ranks get accessories and trinkets. Higher ranks get armor of superior quality and above. There’s even a mount available to those who get at least rank 11. As early as rank 2, you get an insignia that can remove various debuffs from your character.

If you’re worried that you’ll drop in rank and lose those rewards, don’t be. Future patches let players keep their rewards when they do. It’s just a matter of time before World of Warcraft Classic catches up.

China's phone industry urged to 'get back to work'

Analysts predict smartphone shipments within China will drop by around 40% in the first quarter as the coronavirus disrupts the country's supply chain.To get more news about china industry research, you can visit acem.sjtu.edu.cn official website.

Numerous factories across China have suspended production as the country continues to cope with the outbreak.

Lei Jun, who is from the Hubei province where the virus originated, said he was concerned for his home region.

"I'm from Hubei and spent four years in Wuhan in college, so my feelings for Wuhan are quite deep," said Lei, while donning a facemask at the launch of the company's new flagship Mi 10 phone series.

Xiaomi was the world's fourth-biggest smartphone maker in 2018, according to market research firm IDC - after Samsung, Apple and Huawei - and opened a second headquarters in Wuhan in December.

He added: "I believe Wuhan is a glorious city, and I believe even more that the brave and optimistic people of Wuhan can definitely fight this virus."The economic fallout from the outbreak of the virus, named Covid-19, is spreading far and wide, moving across China's manufacturing sector, major airlines and global supply chains.

Although Chinese workers were due back at work this week after an extended New Year holiday, many factories and offices have remained closed.

Google temporarily closed its offices in China, Hong Kong and Taiwan amid the outbreak, and other tech giants, including Amazon and Microsoft, quickly followed suit.

It has led to some analysts estimating that global smartphone shipments could fall by as much as 10% this year, and cause a shortage of iPhones, and the new iPhone 11 in particular.

China's President, Xi Jinping, was reported on Monday by media in the Far East to have pledged to prevent large-scale layoffs of workers in the wake of the virus's continuing economic impact.

This study focuses on China's Elevators industry assessments and company profiles. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China's society and economy. China is one of the world's major producers for industrial and consumer products. Far outpacing other economies in the world, China is the world's fastest growing market for the consumption of goods and services. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades. Rapid consolidation between medium and large players is anticipated since the Chinese government has been encouraging industry consolidation with an effort to regulate the industry and to improve competitiveness in the world market.To get more news about chinese industry and management practice, you can visit acem.sjtu.edu.cn official website.

Although China has enjoyed the benefits of an expanding market for production and distribution, the industry is suffering from minimal innovation and investment in R&D and new product development. The sector's economies of scale have yet to be achieved. Most domestic manufacturers lack the autonomic intellectual property and financial resources to develop their own brand name products.

This new study analyzes the industry structure, capacities and output. Major producers' production locations, market shares and profiles are presented. The primary and secondary research was done in China in order to access up-to-date government regulations, market information and industry data. Data was collected from Chinese government publications, Chinese language newspapers and magazines, industry associations, local governments' industry bureaus, industry publications, and in-house databases.