People always search for the most convenient way in which they can gain higher profit with the least effort. To achieve the highest success rate of trading, traders must find the most suitable spots on a price trend.
These spots are majorly at the start of a trend where the price has changed the direction. Regularly price changes its direction when a market meets certain conditions, which can be recognized by the trading strategies. The major concept of using trading strategies is based on a well-known quotes “History Repeats Itself”. Even if a unique condition disturbs the market prices, it shows a pattern that have not recognized before.
Considering the previous performance of strategies, traders can select the most powerful one based on the current market conditions as well as their trading techniques. Not only correct direction forecast is essential for successful orders, but also the right time and right price have tremendous outcome. In case that the orders are placed with delay, not only the Probability of Success declines dramatically but also the amount of profit shrinks.
Only small number of traders have adequate skills and knowledge for successful trades, however, they still require multiple confirmations and market analysis. Trading signals and analysis are truly one of the most important support that can boost traders’ gain and promote their knowledge and skills. These signals and analysis must be delivered promptly and swiftly just after that a strategy is formed by the market price on chart.
There were various delivery methods such as email and text messages. These methods have poor performance since they are using old technologies and concept. Nearly none of the traders can check their inbox on a certain period daily. When a good trading signal or market analysis is sent to their inbox, they will miss the right time to use that trading signal or analysis. The Text messages have delivery problems due to the fact that different mobile service providers implement various technologies. Even if a trading opportunity can be successfully delivered to a trader, there are high delivery delay and latency.
Other old technology for the trading opportunity notifications and alerts is implemented on the running platform, which means that trader must open trading platforms like MT4 and watch the market price for a good trading signal or market analysis that is fit to their trading techniques and estimates. This is quite boring and tiresome for traders to waste their time in front of market price daily to receive a signal or analysis.
When there is a need, there is a way. Every day, people are eager to save their time and energy for higher efficiency so the number of app users are increasing considerably. The Push Notification system is a high-tech solution to help traders not only to receive the trading signals and analysis on time but also traders can customize those signals and analysis that they desire.
Receive real-time signals & analysis from PFOREX Assist
Nowadays, by implementing the Push Notification system, trader will receive trading signals and analysis once the desired strategy is formed, hence trader will not miss any trading opportunity any more.
Any content provided by PForex LLC does NOT constitute or represent investment advice. PForex LLC and its directors, employees, officers, affiliates or associates are NOT liable for any kind of financial loss, lost profits, any special incidental or consequential damage, any other loss or injury as a result of direct or indirect use of, including but not limited to, Trading Signals and Technical Analysis, News, Quotes, Charts and Prices, Brokers Information and Reviews, Educational Materials and all other contents provided by PForex LLC via website or Apps by you, any third party or anyone else. PForex LLC does NOT warrant and guarantee the suitability, reliability, availability, merchantability, timeliness and accuracy of any content represented through PForex.com and Apps. All provided market data and prices are not necessarily real-time nor accurate. The Forex and CFDs prices are not guaranteed to be accurate and real-time by PForex so the prices may differ from actual market price. The prices are not represented for trading purposes so PForex is NOT liable for any kind of financial loss, lost profits, any special incidental or consequential damage, any other loss or injury as a result of using provided prices. The information, products, services, related graphics and software on PForex.com are provided without warranty and guarantee due to inaccuracies, omissions and lags. The past performance of any trading method or system is not necessarily indicative of future issue and result. The demonstration of profit and loss of any account discussed on PForex.com does NOT imply that any other account is likely to achieve the similar profit or loss.
Editors’ Picks
EUR/USD keeps the rangebound trade near 1.1850
EUR/USD is still under pressure, drifting back towards the 1.1850 area as Monday’s session draws to a close. The modest decline in spot comes as the US Dollar picks up a bit of support, while thin liquidity and muted volatility, thanks to the US market holiday, are exaggerating price swings and keeping trading conditions choppy.
GBP/USD flirts with daily lows near 1.3630
GBP/USD has quickly given back Friday’s solid gains, turning lower at the start of the week and drifting back towards the 1.3630 area. The focus now shifts squarely to Tuesday’s UK labour market report, which is likely to keep the quid firmly in the spotlight and could set the tone for Cable’s next move.
USD/JPY advances on weak Japanese GDP, holiday-thinned trading
USD/JPY rises while US and Japanese markets remain closed for holidays. Weak Japanese Gross Domestic Product figures curb tightening expectations. Investors await speeches from Federal Reserve Vice Chair for Supervision.
Editors’ Picks
AUD/USD retargets 0.7100 ahead of RBA Minutes
AUD/USD keeps the slightly bid bias around 0.7070 ahead of the opening bell in Asia. Indeed, the pair reverses two daily pullbacks in a row, meeting some initial contention around 0.7050 while investors gear up for the release of the RBA Minutes early on Tuesday.
EUR/USD keeps the rangebound trade near 1.1850
EUR/USD is still under pressure, drifting back towards the 1.1850 area as Monday’s session draws to a close. The modest decline in spot comes as the US Dollar picks up a bit of support, while thin liquidity and muted volatility, thanks to the US market holiday, are exaggerating price swings and keeping trading conditions choppy.
Gold battle around $5,000 continues
Gold is giving back part of Friday’s sharp rebound, deflating below the key $5,000 mark per troy ounce as the new week gets underway. Modest gains in the US Dollar are keeping the metal in check, while thin trading conditions, due to the Presidents Day holiday in the US, are adding to the choppy and hesitant tone across markets.
AI Crypto Update: Bittensor eyes breakout as AI tokens falter
The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February.
The week ahead: Key inflation readings and why the AI trade could be overdone
It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
I’m often mystified in my educational forex articles why so many traders struggle to make consistent money out of forex trading. The answer has more to do with what they don’t know than what they do know. After working in investment banks for 20 years many of which were as a Chief trader its second knowledge how to extract cash out of the market.
5 Forex News Events You Need To Know
In the fast moving world of currency markets where huge moves can seemingly come from nowhere, it is extremely important for new traders to learn about the various economic indicators and forex news events and releases that shape the markets. Indeed, quickly getting a handle on which data to look out for, what it means, and how to trade it can see new traders quickly become far more profitable and sets up the road to long term success.
Top 10 Chart Patterns Every Trader Should Know
Chart patterns are one of the most effective trading tools for a trader. They are pure price-action, and form on the basis of underlying buying and selling pressure. Chart patterns have a proven track-record, and traders use them to identify continuation or reversal signals, to open positions and identify price targets.
7 Ways to Avoid Forex Scams
The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?
What Are the 10 Fatal Mistakes Traders Make
Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.
The challenge: Timing the market and trader psychology
Successful trading often comes down to timing – entering and exiting trades at the right moments. Yet timing the market is notoriously difficult, largely because human psychology can derail even the best plans. Two powerful emotions in particular – fear and greed – tend to drive trading decisions off course.