Alfa Financials

Trade the Bullish and Bearish Rectangles Chart patterns have been the closest ally of day traders. You can easily slither out of a bad trading day with chart patterns for their easy-to-the-eye formation and evident profit margin. One such formation is the rectangle chart pattern. Of course, the price action doesn’t give us a perfect rectangle, but it can be predicted with the cues of the chart. Here is how the pattern works. Pattern Formation If the price bounces between a fixed range, the support, and the resistance become parallel to each other as a straight horizontal line. Support is the line below which the price finds it hard to slip, and resistance is the line above which the price action struggles to strive. Once they become parallel, they set up the fundamental for the rectangle. The line enclosing the left side is drawn at the starting of the fluctuation bounces, or to put it in simple terms, the line is drawn at the start of the horizontality of the support and re...

Pennants and Flags PENNANT A flag in the shape of a triangle with a tapering tail towards the end is referred to as Pennant. A similar looking pattern is formed immediately after a major movement in the price chart of a financial trading and forex trading asset in the shape of a triangular flag that can be seen by connecting the trend lines which are converging towards the end of the chart and then follow the same path of the initial trend with an outbreak. Pennants can be classified as Bearish Pennant and Bullish Pennant depending on its trend direction. This is how a Bearish and Bullish Pennant depicted in a Chart. BEARISH PENNANT Bearish Pennants can be seen during a strong downtrend in the price chart followed by a short period of up’s & down’s, the trends lines of which resembles a triangular flag. Then there comes another sharp downtrend of fall in price which bestows an opportunity to make a short trade which is profitable from a huge fall in price. BULLISH...

Realistic Goals of a Trader INTRODUCTION Behind every success story lies a lot of determination and hardship, and most important a precise goal that motivates and leads every successful person to strive and achieve his dreams. Saying that it is also important that while setting the goals we should adopt a realistic approach and not just set them too high and then feel demoralized when not able to achieve them. So it would be better if we pursue them in small sections, which means creating stages for reaching the ultimate goal. The smaller division would be easy to achieve rather than aiming for higher goals. “CONSTANT EFFORT TO HAVE CONTINUOUS SUCCESS” Let us see the goals a trader must have in his life to make his dream, a reality. A HABIT TO TRADE WITHOUT EXPECTATIONS Trading without expectations will give you the confidence to trade even after a loss also. It is advisable to have a demo account and trade to learn the tricks and tips of trading rather than ...

Follow Golden Rules and Consistently Win Trades Introduction Habits are something that is very difficult to change, so why not cultivate some good habits. For a Trader one such habit should be of winning trades. But certainly to achieve that some techniques or golden rules must be practiced wholeheartedly. Systematic Planning and following that is one of the basic rules a trader must follow. A combination of all such techniques when applied together forms the mantra that leads you to the path of success. The paramount techniques that every pl a n must have: Examine your skills Trade only when you are ready to trade. Know your skills and plan accordingly, because when you follow the tricks what other traders do, sometimes it might not work. So realizing your skills and planning according to it would earn you profit. Be prepared consciously For a Trader, the mental strength is an important factor, be it his/her daily life or in forex trading...

Trading Double Top and Double Bottom Double top and Double Bottom are price action pattern formations identified to predict the behavior of the market. As the name suggests, Double Top is when the price action forms two peaks almost equal to each other, and the Double Bottom is when the price action dips to form two consecutive bottoms with only a peak separating the two. Of all the chart pattern formations, Double Top and Double Bottom could pass as one of the easiest-to-identify. Double Top Identification Double Top is formed when the market follows the uptrend and then pulls back. The pullback must have created a peak to its left in order to form a trough. The price then again rallies to form the second peak almost equal to the first, then drops again lower than the trough. The second peak, unable to break through the limit set by the first, marks the resistance and reduction in buying, thereby calling out a potential reversal. Trading Double Top  Neckline ...

Pillars of Forex Trading INTRODUCTION Forex trading is the act of speculating on the foreign exchange market, with the intention to make more money profitably. Forex trading in otherwise said as FX trading, foreign exchange trading or currency trading. Let’s see the pillars of forex trading here. The pillars are listed down as, TRADE ENTRY STRATEGY TRADE EXIT STRATEGY FUNDAMENTAL ANALYSIS SENTIMENT ANALYSIS TECHNICAL ANALYSIS RISK MANAGEMENT MONEY MANAGEMENT TRADE ENTRY STRATEGY The foremost thing to talk about trading strategies is, you need to know the simple methods. Many traders do not even realize what their strategy is or cannot easily define it, because they are trying to bring a bunch of different messy ways together best forex broker in uae . This will put the trader in trouble and trader will find difficulty in making money. So having a plan for the entry would help to succeed. FUNDAMENTAL ANALYSIS ...

Dubai known for its rich cultural diversity in its population has people from many parts of the globe and is also a popular tourist destination. The tourist attractions in Dubai are plenty starting from the heavenly beaches to the various cultural extravaganzas that happen all round the year. Apart from these Dubai is also fast evolving as one of the key financial capitals of the World. The number of Financial Trading services entities in Dubai has been fast mushrooming in the recent decade.  Alfa Financials in Dubai was established in 2010 as an approved international Forex brokerage services company that functions as global intermediary through many of its approved international clearing firms. The Alfa Financial is under the aegis of the Central Bank of Dubai and is regulated by the Economic Department of Dubai that oversees its financial services, making it one of the most reputed companies in Dubai. Among many products from Alfa Financials we have Gold and Silver tr...