Marketiva - Forex Online Trading

Top 20 Forex Trading Rules

2010-02-09T22:42:00.000-08:00

1. Never, ever under any circumstance add to a losing position…. not ever, never!. No more need be said; to do otherwise is illogical and will absolutely lead to ruin… Count on it and count on it again!

2. Trade like a mercenary guerrilla. We must fight on the winning side and be willing to change sides immediately when one side has gained the upper hand.

3. Capital comes in two varieties: Mental and Actual. Of the two types of capital, the mental is the more important and expensive of the two. Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital .

4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is “low.” Nor can we know what price is “high.” We can, however, have a modest, reasonable chance at knowing what the trend is and acting upon that trend.

5. In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, however.

6. “Markets can remain illogical longer than we can remain solvent,” according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.

7. Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish we need to throw our rocks into the wettest paper sacks, for they break most readily. In bull markets, we need to ride upon the strongest winds… they shall carry us higher than lesser ones.

8. Try to trade the first day of a gap (either higher or lower), for gaps usually indicate violent new action. We have come to respect “gaps” in our twenty five years of watching markets; however in the world of twenty four hour trading, they are becoming less and less important, especially in forex dealing. None the less, when they happen (especially in stocks) they are usually very important.

9. Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In “good times,” even errors are profitable; in “bad times” even the most well researched trades go awry. This is the nature of trading; accept it.

10. To trade successfully, think like a fundamentalist; trade like a technician. It is imperative that we understand the fundamentals driving a trade, but that we understand the market’s technicals also. When we do, then and only then can we, or should we, trade.

11. Respect “outside reversals” after extended bull or bear runs. Reversal days on the charts signal the final exhaustion of the bullish or bearish forces that drove the market previously. Respect them. Even more respect must be paid to “weekly” and “monthly,” reversals. Pay heed!

12. Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.

13. Respect, expect and embrace the very normal 50-62% retracements that take prices back to major trends. If a trade is missed, wait patiently for the retracement.

14. In trading/investing, an understanding of mass psychology is often more important than an understanding of economics.. at least much, if not most, of the time.

15. Establish initial positions on strength in bull markets and on weakness in bear markets. The first “addition” should also be added on strength as the market shows the trend
to be working. Henceforth, subsequent additions are to be added on retracements.

16. Bear markets are more violent than are bull markets and so also are their retracements..

17. Be patient with winning trades; be enormously impatient with losing trades.

18. The market is the sum total of the wisdom … and the ignorance…of all of those who deal in it; and we dare not argue with the market’s wisdom. If we learn nothing more than that we have learned very much indeed.

19. Do more of that which is working and less of that which is not: If a market is strong, buy more; if a market is weak, sell more. New highs are more often then not to be bought; new lows are to be sold.

20. ALL RULES ARE MEANT TO BE BROKEN: The trick is knowing when… and how infrequently this rule may be invoked.!

MARKETIVA

2009-06-29T18:16:00.001-07:00

MARKETIVA

Buy and sell major currency pairs and cross rates with one mouse click
You can start trading with as little as $1!
Open your account for free and get $5 cash reward so you can start trading right away!
Spreads between bid and offer prices are among the tightest in the forex market
Trading on margin (1%) allows you to trade $10,000 with only $100 deposit(collateral) in your account
You don't need to start on live market right away - practice with your virtual money first
You can invest money in various Investment Funds through Marketiva
Trade world indexes (DOW, NASDAQ, DAX, FTSE, S&P) and precious metalls(gold, silver, platinum, palladium)
No commissions or exchange fees on your trades - you can trade as much as you like!
No interest charged on your open positions
Read real-time economic news and forecasts about global economy and forex markets
Get alerts narrated aloud prior to major scheduled market events
Chat with other forex traders about market events, exchange trading ideas and learn
Get help from our support professionals available 24h on support channels
The most sophisticated and easy-to-use forex charting tool with built-in advanced technical indicators
You can trade, view and modify open positions - directly on your charts
Modify parameters of technical indicators in real-time and see how they appear immediately
Build your chart collection by adding your saved chart configurations
Easy to use and understand even if you are a beginner
Streamster trading software gives you the best forex trading experience available!
Arrange trading windows according to your preference, set charting options, use auto-pilot, and much more...
You only need 5 minutes to open your account - and it's free!.

MARKETIVA - ORDERS AND POSITIONS

2009-06-29T17:46:00.000-07:00

When you want to open a position you need to place an "entry" order. If and when the entry order executes, the position becomes "open" and starts its life on the market. At one point in time, you will place an "exit" order to "close" the position. A position can be "long" (entry order is to buy and exit order is to sell an instrument) or "short" (entry order is to sell and exit order is to buy an instrument).

At the point when you place your entry order, you need to define price level at which you want to buy or sell certain instrument. You also need to specify type of the order and quantity of the instrument you want to trade. There are 3 order types:

Market Order
Placing a market order means that you will buy at your broker's current "ask" (or "offer") price, or sell at your broker's current "bid" price, whatever that price currently is. For example, suppose you are buying EUR/USD. The current market, as quoted by your broker is 1.2934 / 1.2938. This means that your broker is willing to buy EUR/USD from you at 1.2934, and sell it to you at 1.2938.

Stop Order
Initiating a trade with a stop order means that you will only open a position if the market moves in the direction you are anticipating. For example, if USD/JPY is currently 108.72 and you believe it will move higher, you could place a stop order to buy at 108.82. This means that the order will only be executed if the market moves up to 108.82. The advantage is that if you are wrong and the market moves straight down, you will not have bought (because 108.82 will never have been reached). The disadvantage is that 108.82 is clearly a less attractive rate at which to buy than 108.72. Opening a position with a stop order is usually appropriate if you wish to trade only with strong market momentum in a particular direction.

Limit Order
A limit order is an order to buy below the current price, or sell above the current price. For example, if EUR/USD is trading at 1.2952 / 56 and you believe the market will rise, you could place a limit order to buy at 1.2945. If executed, this will give you a long position in EUR/USD at 1.2945, which is 11 pips better than if you had just bought EUR/USD with a market order. The disadvantage of the limit order is that if EUR/USD moves straight up from 1.2952 / 56, your limit at 1.2945 will never be filled and you will miss out on the profit opportunity even though your view on the direction of EUR/USD was correct. Opening a position with a limit order is usually appropriate if you believe that the market will remain in a range before moving in your anticipated direction, allowing the order to be filled first.

For both entry and exits orders you can specify price levels at which you want them to be executed. You have to specify entry levels when you place you entry order, while most brokers would allow you to specify exit levels at any time.

Calculating Profit
The objective of forex currency trading is to exchange one currency for another in the expectation that the market rate or price will change so that the currency you bought has increased its value relative to the one you sold. If you have bought a currency and the price appreciates in value, then you must sell the currency back in order to lock in the profit.

Let us assume that you open a long position by buying USD/JPY for 107.58 (quantity of 100000) and few hours after that, you close the position by selling USD/JPY for 107.74 (quantity of 100000). These two trades would bring you profit of (107.74 - 107.58) * 100000 = JPY 16000 (JPY is the counter or quote currency in the USD/JPY pair). You can than convert the profit to a currency you like, for example JPY 16000 = 16000 / 107.74 = USD 148.51.

We can also say that these two trades would bring you 16 "pips" profit. A "pip" is the smallest increment in any instrument. For asset types other than forex, the smallest increment is often called "tick". In EUR/USD one pip is 0.0001, in USD/JPY one pip is 0.01. Expressing position profits in pips is often very useful for quick calculations and estimates.
One pip, from the example above, would bring you 0.01 * 100000 = JPY 1000 profit, or JPY 1000 = 1000 / 107.74 = USD 9.28.

MARKETIVA - DEPOSIT

2009-06-29T17:35:00.000-07:00

Marketiva Accept WebMoney,Liberty Reserve,E-Dinar,Bank Wire. Certain funds deposit methods listed below are not completely automated, requiring you to perform a part of the payment procedure manually. For your convenience we have provided short description and necessary payment information for such

WARNING: Regardless of the deposit method you choose, the originator of the funds must always match the name listed as the customer on your account. Marketiva credits the exact amount we receive, after payment processor or bank deductions, to the client's account. Marketiva is not responsible for any fees or charges for use of payment processor and bank services. Please note that you will be required to provide identification documents before withdrawing any of your funds.

MARKETIVA - WITHDRAWAL

2009-06-29T17:32:00.001-07:00

Please select one of the withdrawal methods listed below and specify payment information including amount of funds you wish to withdraw. When we receive your request we will verify the data you provided and initiate the funds withdrawal procedure

WARNING: Regardless of the withdrawal method you choose, the beneficiary of the funds must always match the name listed as the customer on your account. The amount of funds you receive may be reduced for a fee your bank or payment processor charge for fund transfers. Marketiva is not responsible for such fund transfer fees and charges. You can only withdraw to a bank account or a payment processor account that you previously deposited from, and only in the amount deposited from such account plus profits you made. In order to withdraw funds, you will be required to provide identification documents.

Marketiva FAQ

2009-06-29T17:16:00.000-07:00

Marketiva has compiled a list of Frequently Asked Questions about our service and its features. The FAQ addresses the questions our clients most commonly ask. If there are additional questions you feel we should address, please notify us and we will list your questions, to assist you and other clients.

What is Marketiva?
Marketiva is a financial services corporation specialized in providing traders with high quality online trading services. You can find an extensive profile of our company at the http://www.marketiva.com/index.ncre?page=about page.

Where and how do I start?
Before you can start trading, you need to open an account with us (it is free) and download our trading platform (Streamster). To open your account, please visit https://www.marketiva.com/index.ncre?page=open-account and to download Streamster please visit http://www.marketiva.com/index.ncre?page=downloads page.

Can I test your system first?
We strongly encourage users to practice with virtual money, for at least several weeks, before starting to trade on live trading desks. Each user gets virtual $10000 on account opening and this virtual money can be used for practicing. There is no limitation on how long a user can trade virtual money only.

What if I do not understand legal statements?
Do not become a Marketiva client until you have completely read, understood, and acknowledged the legal information on Marketiva.com web site. If you do not completely understand some of the information, you may consult a competent legal advisor or contact us with specific queries at http://www.marketiva.com/index.ncre?page=contact page.

How much money do I need to start?
We have no requirements for initial deposit. When you open an account you get real $5 reward and virtual $10000 for training. If you want to open an account please go to https://www.marketiva.com/index.ncre?page=open-account and fill out the form there.

Can I open two accounts?
Marketiva has very strict one person one account policy. No matter if an account is in good standing or is cancelled or closed, we do not allow same person to hold two different accounts. If our administration system detects there are multiple accounts registered by the same person, such account holders will be required to provide supporting documentation. In case there are severe violations of this policy, Marketiva may block any access to such users. This policy was introduced as a response to many related misuses Marketiva has experienced in the past.

How can I deposit funds to my account?
There are several deposit options we provide for our clients. Please check http://www.marketiva.com/index.ncre?page=payment-options for more information. Digital currency deposits are automated so you see funds in your Marketiva account instantly. Please make sure you follow online deposit procedures until their full completion so these systems correctly provide us with information on your deposits.

Where can I see my account information?
To see your account information, username and account number, you can login to your Account Center at https://www.marketiva.com/index.ncre?page=center page.

Where are my billing transactions?
A detailed summary of your Marketiva billing transactions can be viewed at https://www.marketiva.com/index.ncre?page=billing page.

How can I change my contact information?
To change your contact information, please go to the https://www.marketiva.com/index.ncre?page=change-contact-info page.

I forgot my password. What can I do?
If you forgot your password, you can recover it by filling out a password recovery form at https://www.marketiva.com/index.ncre?page=recover-password page. If you cannot remember some of the information there, you can join our live support channel where we will be able to ask you additional questions about your account, and reset your password.

How can I change my password?
Please go to https://www.marketiva.com/index.ncre?page=change-password where you can change your password. For security purposes, we recommend you to change your password once per month.

How can I withdraw my funds?
We provide several methods for clients to withdraw funds. Please see https://www.marketiva.com/index.ncre?page=withdraw-funds for more details on these methods. We also allow withdrawals to digital currency accounts that you have previously deposited from. Withdrawal process is never automated, for security purposes, but it usually takes 6 to 24 hours to clear.

OPEN ACCOUNT MARKETIVA

Marketiva - Forex

2009-06-26T19:17:00.001-07:00