Helping You Define Your Lifestyle

Is the Trend Your Friend?

The trend can indeed be your friend as a Forex trader. Just make sure to be aware that the trend can end, and you need to make sure you are prepared for that inevitability. When the trend ends it can be most unfriendly. The trend is often a crucial part of any Forex trading plan.

When there is a strong trend, it will eliminate some of the issues with exact timing of trades because almost no matter when you enter if the market is going in a specific direction, you can make a profit as long as you watch for when the trend changes and time your exits accordingly.

Trends in Forex can fall into three-time frames – day, swing and position. Each one of these trade lengths has their own trend. The same charts with different time periods can show a trader the trend for that period. The most commonly used charts for trading the trend are the Simple Moving Average and the Exponential Moving Average. An uptrend will be evident with higher highs and higher lows. A downtrend conversely will appear as lower highs and lower lows.

It is important to first identify the trend before determining whether you should enter or exit a trade. Once you can establish that there is a strong trend, then you will know when to enter and hopefully time your exit accordingly. Determining that you are trading with the trend and not with the corrective waves in the trend is key to remaining friends with the trend. Watching for the waves within the trend is essential to understanding how you can benefit from trading the trend.

Matching your Forex trading strategy to market conditions seems pretty straight forward. The most common market condition that traders look to use is the trend and that is why trend trading is such a popular plan. The future is always somewhat unclear in the Forex market but identifying a trend can clear that vision up a bit.

The smartest way to trade with the trend is to look for the swings that inevitably are part of any trending market. Buying on the low of the up trend and selling on the high of the low trend is an obvious trading goal. Watching the swings of the trending market can help you identify when those highs of a low trend are coming and when the lows of the uptrend happen. The longer time period charts will help you to decide the strength of the trend and determine where the swings or corrective waves are.

There are different ways of strategizing trend trading. Some use simple price action charts. Others will use indicators like the RSI, Relative Strength Index to gauge the trend and its swings. Either way, a general rule of thumb for trend trading is to enter longer positions when the market is in a upward trend and shorter positions when the market is trending downwards. Following this advice should keep you on friendly terms with the Forex trend.

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Secrets to Trade Show Success

If you have an exciting business or product then one of the very best places where you can showcase it is at a trade show. Trade shows are not only attended by a wide range of consumers including fellow businesses, but they are also usually covered by the media which means that you could get some great exposure for your business or product.

In order to ensure that your trade show goes off successfully, there are some keys which you need to get right, so that you can boost awareness and most importantly, sales, let’s take a look.

First Impressions

They say that you only get one opportunity to leave a great first impression and that is very true when it comes to trade shows. You need to bear in mind that your exhibition is going to be sandwiched in amongst many other different businesses, all vying for the visitors eyes. With this in mind, the first impression which you, your product, your team and your display gives, is going to be critical to your success.

  • Display

You display should be exciting, attractive and in line with what your company represents. Don’t fall into the trap of having a display which is solely fit for purpose as you’ll struggle to make it stand out, instead look at having a custom trade show display designed specifically for your brand.

  • Demonstration

One of the key attractions during your trade show will be the demonstration which you put on and you ought to spend time to ensure that it both shows off your products and your business, and also creates a real buzz around your booth to bring more people in.

Selling

These shows are not only about you being able to show off your products to new clients, it is also about making sales and you must be well prepared to do just that. Ensure that you have your best sales people with you at the trade show and work with them on their pitch, and to give them all of the information which they need. Very often you will be doing business with other businesses in this kind of show and for that reason you must ensure that your sales people know how to talk to them and most importantly, how to close that sale.

Free Advertising

The biggest challenge of a trade show is bringing people to your display and on top of giving a first impression, there are other things which you should be doing to attract visitors. Think about handing out freebies which people will notice on others and want for themselves, a free pen doesn’t quite cut the mustard any more. Equally you should think about what kind of interactive things your booth should have, that will draw customers in, music, games, fun, these are all solid tools which will attract more people. Try to get people gathered at your display as a crowd makes people wonder what is going and draws them in.

The key to trade show success really is in the preparation, get that right, and you can make some great sales, leads and contacts.

Retirement: Financial issues that everyone forgets about

It’s meant to be one of the most relaxing periods of life, but if you were to survey the majority of retired people it would become clear that the post-work phase is anything but. Of course, things even out over time, but the “one big holiday” that some people assume it is couldn’t be further away from the truth.

Today’s post is going to take a look at retirement from a financial perspective. While it might appear somewhat negative in places, hold on tight and you might uncover some information that saves you a lot of stress and hassle when you do finish working for good.

Issue #1 – Life after death

Let’s start with something of a morbid topic, but one that can serve you well if you plan comfortably ahead. Some people may believe that their funeral isn’t something which should really concern them; after all, they won’t be there to oversee it.

However, those that are left to pick up the pieces might have a lot on their mind. The average cost of a funeral has now surpassed £4,000, with this figure only increasing.

Sure, this is something that always has to be paid for, but the way in which you plan ahead can make a monumental difference. For example, funeral plans allow you to pay today’s rate, and this means that there won’t be any nasty surprises for your family when the time does come. Its small thoughts like this that can make the world of difference.

Issue #2 – The “average lifespan”

This is probably the biggest problem that we will uncover. When you plan for retirement, you generally do so with an average lifespan in mind. At the moment, this is around 80 – but this might not necessarily relate to you.

In other words, this is just a number – nobody can guess how long you will live for. It’s known that the average lifespan is on the rise, so what if you live to 100? How will your finances shape up then?

If you are serious about living a peaceful retirement, with no concerns about your bottom line, its questions like this which need to be answered.

Issue #3 – The needs of your family

In truth, an entire dissertation could be written about this as it spans so many different areas.

Firstly, while your major expenses such as your own mortgage might be over, it has become more common than ever for children to use their parents as the main borrower when they fund their own property. While this isn’t something you are obliged to do, it’s at least an area to think about.

Next, and this is something where obligations do enter the picture, is your partner or any other elderly relatives that you take care of. This is the time in life where additional care might be needed and unfortunately, these costs can spiral quickly. There’s been a lot in the news about them over recent times and it’s something that a lot of people just don’t consider when it comes to their standard pension plan and what it should be covering.