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Alexander Richards

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  1. Hello, thank you for asking! Technical analysis is a tool used by investors to analyze statistical trends gathered from trading activity, prices, and movements. Different from fundamental analysis which relies on studies of sales and earnings, technical analysis focuses on price and volume. Technical analysts seek to predict the price changes and changes in the value of stock according to the data gathered from supply and demand. This data helps generate short-term signals for trading, but also can act as an indicator of the strength of a specific stock. Technical analysis can be used on any security with historical trading data. This includes stocks, futures, commodities, fixed-income, currencies, and other securities. Only commodities that have this data can be analyzed in the technical analysis due to the necessary input. The goal of technical analysis is to make trading easier for investors, providing them with exact historical data, and giving predictions according to this data.
  2. Hi, I would to inquire more about technical analysis.
  3. Hi, thank you for your question! Robo-advisors are automated investment account managers, after they receive required input about the actions they should undertake, they operate solely with investors' account, adhering to the previously input commands. They help new traders manage their portfolios with advice, and by relieving them of monitoring their investment constantly. These advisors are an alternative to the traditional advisors which are usually more expensive. Robo-advisors set themselves up through a questionnaire which the user fills out, these questions are usually related to the capacity of users’ investment, their risk tolerance, and other investment-related questions. After this, they build a portfolio according to the algorithm and start maintaining it in order to fulfill a target set by the investor. There are many pros and cons to this option for investing. The pros are: It doesn’t require previous knowledge, which is excellent for new investors, as it saves them from making risky and unprofitable decisions and investments. They are not time-consuming, which means that investors can put their account on automatic and reap benefits without constantly monitoring it and making adjustments. Using simple strategies means that they opt-out for the strategies in investing which are previously tested and have returned positive results, rendering the risk involved to a minimum. The cons of Robo advisors are: No human to human interaction, this means that even though they are cheaper and easier to use, when they encounter a problem that is more complex, they fall short. And there is no human-like interaction which would guide you step by step through your problem. They limit investment options, even if an investor wants to invest in a stock which he/she deems fruitful and opportunistic, Robo-advisors may opt-out against it as it doesn’t fit their previously set parameters. Need for multiple accounts, in order to successfully manage a few portfolios it is necessary to open more Robo-advised accounts, which may prove more complex and more expensive. In conclusion, they are a great start-up tool that will certainly help new investors to grasp how trading works and protect them from investments that could end their investing careers. In a longer time frame, diversification may prove necessary.
  4. Hi, I would like to learn more about Penny stocks.
  5. Hello, thank you for your question! While being widely accepted throughout the world, social trading is still restricted in the USA, and not widely accepted. This is due to the high competitiveness of the market, and investors don’t usually engage in sharing their ideas, preferring to keep them to themselves and profit off them. Either way, even if you can't place trades in the USA, you can follow them and still learn the tricks and ropes of social trading, or trading generally. As time passes more and more social trading platforms are opened, and the practice of social trading is becoming more and more accepted.
  6. Hello, I would like to learn about social trading.
  7. Hello, thank you for your question! Cryptocurrency is a virtual currency that is secured by cryptography rendering it safe from counterfeiting and other frauds. Most of the cryptocurrencies are based on a decentralized network with blockchain technology. Another thing that differentiates them from ordinary currencies is that they are not issued by any government or central authority, which protects them from external influence and manipulation. They are predominantly used in order to make secure payments that cant be tracked due to their encrypted nature. The most popular currency and the first one which was created is Bitcoin, which is also the biggest one by value. There are numerous new cryptocurrencies that are derived from Bitcoin or based on new blockchain technologies. Today, the aggregate value of all the cryptocurrencies in existence is around $214 billion—Bitcoin currently represents more than 68% of the total value The main thing which was nominal for the cryptocurrency success was blockchain technology, which acts as an online ledger, and according to the transactions made, keeps track of the amount of cryptocurrency, bought, sold, or traded, adjusting its value according to this data.
  8. Hi, thank you for your question! Reading Forex charts may seem complicated for beginners but it is important to grasp the basics, and through time it becomes an easy and automatic endeavor. It is important to pay attention to specific aspects of Forex charts which are: Price and Time axis- The price axis is placed vertically, and it shows how much has the value of a specific stock changed over time. The time axis is placed horizontally and it shows a specific time span of any given stock, you can expand it or shrink it by simply zooming in or out. If the exchange rate has fallen from left to right, that means that sellers are in control and the market is in a downturn. If it has risen from left to right it means that buyers are in control and the market is in an uptrend. Exchange rate pricing (PIPs)- PIPs are labeling the movement of currency pairs in percentage in points, it is basically a movement measure unit. It tells you how much a certain exchange pair gained or lost in value.
  9. Hello, I would like to know what is a Crypto token.
  10. Hello, I would like to know about Forex reserve.
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