The tension that is prevailing the trade war between the major world nations has influenced the price of commodities. Petrol prices have been fluctuating ever since the situation started getting tense. The problem with fluctuations in the crude oil prices is that even the smallest change in them can cause a significant impact on a lot of other commodities across the globe.
Here are a few factors that are known to play a crucial role in determining the change in crude oil prices:
The global scenario, the relationship between nations, continue to be the major factor influencing crude oil prices. The recent case of the steep increase in the price caused by the tension existing between the US and China is the perfect example. By the end of March 2018, the export of crude oil for the US was more than 15million barrels a week. That shows the impact of global relationships on the price of crude oil. And this in turn also has a major role to play in determining the currency value and the whole cycle continues.
GDP of developing nations
Crude oil consumption has been steadily increasing the in developing nations. With the GDP of the major nations like China and India growing continuously, there has been an increase in the average income of the household. This, in turn, has resulted in an increase in the demand for cars and numerous other ways of fuel consumption. Therefore the import of crude oil by these countries has been increasing which affects the price of crude oil.
There are many places where the price of crude oil, petrol, in particular, might be different from one region to another within the same country. These minor differences are often due to the political makeup of the country. There are cases where major political decisions being taken might then lead to the rise or fall of the oil prices. And then there is the role played by the local regulations. Because in some cases in order to curb the consumption of crude oil and to go with the more eco-friendly approach there might be price hikes introduced in order to achieve a saturation, a control over the consumption. So if there are new government policies being introduced expect fluctuations in the fuel prices.
Fuel is not just used in the automobiles. Heating and ventilation systems also rely heavily on the fuel consumption. So the weather conditions prevailing in a region might increase or decrease the consumption of fuel in the given time period. And weather conditions also influence the ease of storing and transporting the fuel which in turn shows the price changes. There have been harsh winters where the fuel demands have risen above average expected levels and this is not uncommon.
The overall demand and supply relationships in the crude oil consumption are getting more and more difficult to interpret. But the current situation indicates that the fuel prices might keep fluctuating till a political stability is achieved globally. Going with alternative fuel options and going green would be the best option in this situation.
Trading with stocks in the sophisticated stock market takes a lot of subjective and conceptual understanding. There are many trading methods according to the stock market climate which is termed as the recession and boom periods or bullish and bearish market. It is basically when the stock prices are high or low making profits and losses.
What is automated trading?
When trading is made customized and according to orders with the help of an software which is also called a trading robot, this process is termed as automated trading.the stock market can be seen as one of the most fluctuating in its working on a day to day scene. Things keep changing in price terms, the factors influencing price also change constantly.
Automated trading is very helpful to deal with such an unstable market.
Many factors influence the stock market like the general economic affairs of a country like the price of goods, value of other country currencies, global economic scenario etc. hence this is the most updated as well as the riskiest form of a business.
The growth of stock trading
Recent times has witnessed a rapid revolution in the stock market business as more and more people, especially from the younger generation, got involved in this sector. It all was possible with the introduction of the smart devices such as tablets and smartphones.
Then was the real beginning for the automated trading system to take shape and grow into its future.
Mobile-based applications of trading stocks were built and the trading methods became easier and more clear. Since most of the people are using the smartphone, the capturing of their attention towards trading was easier and there were many who involved well and they could influence the others easily.
The younger generation aging 24 and above were also an active part of the stock trading platform. Since it was easy to win and make money many started following this route.thus the stock market and its trading robots flourished with success.
The advantages of automated trading:
Automation made it easier for the traders to withstand the stock trade for a longer period even with huge risks involved. It helped them to learn and play better with each trading game. The ultimate benefit was that there were no stockbrokers or mediators who claimed for the partial benefits in the success. This makes the traders feel at ease. Another benefit is that there is a profound speculation about what to invest in by the automated mode, which is less risky and faces minimum loss.
The future is also open wide for a huge success of this automated trade.
The process of mining is done in order to accomplish these things:
- Mining is done in order to provide a bookkeeping service to the network of coins. This is a 24/7 accounting done on the computer which is called verifying transactions.
- You are paid in the form of fractions of coins which is basically a reward that is awarded to you for your work
- Keeping your personal costs like hardware and electricity down
What do you need to mine the cryptocurrencies
If you are looking to start mining cryptocurrencies then you would need these ten things to start:
- A private database for free. This is called the coin wallet. The container is completely password protected and it stores your earnings. It also keeps the ledger of the network-wire transactions
- A software package that lets you do free mining. This could be made up of stratum or cgminer
- A mining pool online membership. This is a membership to the miner’s community. They combine computers to increase stability as well as profitability.
- An online currency exchange membership. Here you will be able to exchange the virtual coins for the traditional cash and the other way round too
- Reliable and a full-time internet connection. It should be at least 2 megabytes per second ideally or speed that is faster
- A setup location for your hardware which should be in an air-conditioned or a cool place
- A custom built computer or a desktop that is designed for mining. You can start off with the computer that you use currently but this will not let you use the computer when the miner starts to run. You should thus keep a separate computer that is used solely for mining. Make sure that you do not use a gaming console, a laptop or a handheld device to mine the cryptocurrency. These cannot generate the desired income for you since they are not very effective
- A GPU or ATI graphics processing unit or an ASIC chip which is a specialized device for processing. These provide the accounting services and do the mining work
- A fan that will continuously blow on your computer that is mining. This is because a lot of heat is generated when mining and thus you need to make sure that the hardware is kept cool
- A curiosity to learn and keep updated. You should want to read and learn the changes in technology and learn new techniques that help to optimize the mining of cryptocurrencies. You should be able to dedicate many hours each week to adjust and improve the performance of mining coins.
If you are ready to start trading, check out this review about Qprofit System
The trading world with its Forex trading, Bitcoin, cryptocurrency mining and all other such avenues has gained immense popularity in the recent past. This has intrigued many people who have no earlier experience of trading but would like to try their hand at it.
Because of an increase in the demands, there has also been a significant rise in the number of automated trading robots.
What are automated trading robots?
Automated trading robots are software that assists users in carrying out trades related to Bitcoin, Forex trading, cryptocurrency and much more. This software has been designed with years’ worth of hard work and experience. They have been enabled to function in the ‘autopilot’ mode. This means the system has been designed to carry out trades right from looking out for lucrative deals to even executing them on its own.
This is why it facilitates the users who are new to the field or possess little or no knowledge about the trading world. In fact, the system requires practically no assistance from the user, so it can even be an amazing secondary income. People can continue their full-time jobs and still earn using automated trading robots.
Can automated trading robots be trusted?
With a rise in the demand, invariably there was a hike in the number of automated trading robots. Unfortunately, not all these platforms are genuine. There are many websites that seem honest but are in fact scams or bogus websites that put your personal information as well as funds at risk.
What are the signs of a genuine automated trading robot?
Since it is difficult to tell the difference between an authentic automated trading robot and a fake one, it can often get confusing for an inexperienced user. Fake websites will make some huge and unbelievable promises and most often not deliver at all.
A genuine website has many signs that ensure a user they are investing with a good trading platform. Firstly, all the test results conducted on the system will come back with positive results. Any and every kind of detailed review will have only positive reviews with no signs of any red flags or suspicious activities going on. Other than that, a good automated trading robot will take the effort of keeping all personal data of their users will be protected in an encrypted form. QProfit System is one of the recent examples of a fully automated and reliable trading robot.
And finally, the most important proof is the feedback from past users. When users have been happy and written positive testimonials about the website, it ensures a user that it is a safe platform to invest in.
A good automated trading robot will also have a fully functional customer support staff to provide anytime assistance.
We’re happy to announce that ActionBinary and the QProfit System by Jerry Douglas have teamed up as the automated trading software will provide data to our analysts.
Although being relatively new to the market, the QProfit System has already proven its’ reliability with a success rate of up to 95%.
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There are some terms and conditions to withdrawing your bonus later, though. You need to complete a certain trading volume times the size of the bonus in order to able to cash it, which is a standard procedure in the binary options industry.
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Technical Analysis – EUR/USD
EUR / USD: Current level of the currency pair is 1.37975
Today’s expectations for the price are for upward movement. It is possible shallow correction towards the level at 1.3770 and then to resume its upward movement with target the level at 1.3880.
Intraday resistance: 1.3880
Intraday support: 1.3747
Technical Analysis – USD/JPY
USD / JPY: Current level of the currency pair is 97.689
Currently pair is trading near the resistance level at 97.90. Forecast for the pair is still negative with target the level of support at 97.196.
Intraday resistance: 97.90
Intraday support: 97.196
Technical Analysis – XAU/USD
Current level is 1348.91
Gold is trading steadily above the support level at 1330.00. Upward trend remains and expectations are for bullish momentum towards 1375.18-1400 dollars.
Intraday resistance: 1375.18
Intraday support: 1330.00
This Technical Analysis is provided by Dimitar Petkov
The charts and analyses in this article do not comprise any form of advice or recommendations by ActionBinary.com to buy, sell (or refrain from making) any trade or investment. It is recommended that you seek independent advice before entering into transactions.
“Triangle” formation of Candlestick chart
The next formation, which I will discuss is called the “triangle.” Triangles are trend confirming as well as trend reversal figures. Triangles are one of the most common pricing models on the market, they come in three types – symmetrical, ascending, descending.
The first triangle discussed here is symmetrical – in Figure 11.
Fig. 11 symmetrical triangle
The shape (symmetrical triangle) is formed, when the subsequent highs are lower than the previous ones and the subsequent lows are higher than their previous ones. Drawing trend lines through the respective lows and highs leads to a triangle shape (symmetric in this case). The height “H” which can be observed on the wide side of the triangle is equal to the target price after the breakthrough, whether in ascending or descending direction. Price does not always reach the full height “H”, but in most cases gets up to 85% of the height (H). This in particular may be used as a base for performing the Take profit action. The next triangle figure we will observe is the ascending one. This triangle is almost identical to the symmetrical one with one difference – the upper line (line of resistance) is horizontal. This triangle is called “ascending ” because after a breakthrough in the Strong level – the line of resistance – the price continues to move upwards. Figure 12 shows an ascending triangle.
Fig. 12 Ascending Triangle.
The symmetrical and ascending triangle both use the same strategy as follows. The height “H”, which is equal to the wide side of the triangle is equal to the target price after breakthrough in the ascending direction. The price in this case also does not always reach the full height “H”, but in most cases gets up to 85% of the height (H). And again, this may be used as a base for performing the Take profit action.
The last triangle we will discuss is the descending triangle. Its structure and construction method are not different from the previous models with the only difference that it is used in a descending direction.
Fig. 13 Descending Triangle.
Similar to the symmetrical and ascending triangles, the descending triangle uses the following strategy. The height “H”, which is equal to the wide side of the triangle is equal to the target price after breakthrough in the ascending direction. The price in this case also does not always reach the full height “H”, but in most cases gets up to 85% of the height (H). And again, this may be used as a base for performing the Take profit action.
Levels of support and levels of resistance.
When do we observe levels of support and levels of resistance?
The financial market does not ever stop in one state, the prices of financial instruments constantly move either upwards or downwards. When the price of a financial instrument rises, this is called a bull market (dominated by buyers). And when the price of an instrument goes down, this is called a bear market (dominated by sellers). Levels of support and resistance are determined depending on the market trends. The price reaches a certain level, then bounces back or breaks the level. This is called a “level of support” if an descending price changes into an ascending price, and a “level of resistance” – if the price changes into a descending price after reaching the level. Figure 14 shows the levels of support and levels of resistance. When the price is above a specific level, then we say that level is a level of support, but when the price is below that level, then the level is a level of resistance.
Head and shoulders
Trend cannot last forever and sooner or later it ends. Signs of its slow down or turn usually are typical pricing models – shapes and formations formed by the graph. The first formation that I will discuss is called “head and shoulders”, it belongs to a trend reversal figures (Figure 8).
Figure 8 shows how after an uptrend we obtaine figure “head and shoulders”. The elements of the formation are as follows:
LS – left shoulder.
HEAD – head.
RS – right shoulder.
Neckline – through the door.
H – height of the head to the neckline (neckline).
H – height, a new target in the middle of the neckline.
Price behavior after breakthrough the neckline is the following: It reaches a certain distance above the neck, and set up (left shoulder-LS), and then fall to the neckline (closes above it). After that there is a new uptrend, the price reaches over the left shoulder, where forming head (HEAD) of the figure. The next move is again descending, the neck reaches line (neckline) reflects from it and sweep upward by forming the right shoulder (RS). Upon the lowering of the price it breaks the line of the neck (neckline) and close below it. Next target price is the height H in the opposite direction of the head. After reaching the target price, follows the neck line test (test-neckline). The price is unable to break the neck line and the trend goes in a downward direction. That formation is considered the large frames (time frame) from four hours up (daily, weekly, monthly).