Connect with us

Tips

Forex Day Trading Using Bollinger Bands

Published

on

Day trading using Bollinger bands can be effective because this indicator can help a day-trader to predict the market, entry/exit points accurately. This is considered one of the best technical indicators for day traders. This indicator will create a channel in the graph, especially around the movement of the price of a currency. These channels are created based on the moving average and standard deviations. From these terms, it can be easily realized that understanding this indicator is hard.

Forex Day Trading Using Bollinger Bands

The Basics of Bollinger Bands

Bollinger bands will help investors to predict the direction of the trend, and he can also spot the possible turning points. As a result, traders in Hong Kong can make a wise decision following these guidelines and their strategies. The indicator will draw three lines – lower, middle, and upper. The middle one indicates the moving average of the currency’s price. Investors will choose the parameters to draw the moving average’s line.

The above (upper) and below (lower) lines are drawn on either side of the middle line, and the standard deviations (STDEVs) determine the exact interval between the two lines (the upper and lower). The currency exchange traders estimate the number of standard deviations, which the Bollinger band indicator sets, though some investors utilize two “standard deviations” from the moving average value. Remember that there are no magic numbers in this indicator. Futures trading is more like an art. You have to use all the tools in a very strategic way.

Use Bollinger bands for day-trading uptrends

Bollinger bands help traders estimate the strength of an uptrend, which means they can assess the sharpness of an upward moving market. In addition, they can also determine the strength of the downtrend (when the price of the market is falling). Thus, investors can make important trading decisions. One may follow these guidelines to use this indicator in day-trading –

  • During a strong uptrend, the graph will either touch or run with the upper line. If the graph doesn’t do this, you have to understand that the uptrend is losing momentum.
  • When there are pullbacks (during uptrends, the market fluctuates a few times), you may see that the lows of the pullback take place above or near the middle line.
  • When you observe that there is a strong upward movement of the market, it should not go through/touch the lower line. If it touches it, then that will be a warning that the market may make a reverse move.

Also Read: Share Trading Tips for Beginners

Use Bollinger Bands during downtrends

The Bollinger Band indicator also helps investors to determine the strength of the downward movement of a graph. It indicates how strongly the price of a currency is falling. A businessman can analyze and use this information to make decisions before there are a fatal crisis and losses. Follow these guidelines to use this indicator during a bearish movement of the market –

  • During a strong downtrend, the actual graph generally touches the lower band. If you see that the market is not going along with the line, it will indicate that the trend is losing momentum.
  • During the pullbacks in a downtrend, the price moves lower and the highs will occur below or near the middle line.
  • During a strong bearish movement, the graph shouldn’t come across or touch the upper line. If it does that, then it will be an indicator that the market may go into a reversal.

If you are into crypto trading then you must check out Best Cryptocurrency Exchange Platforms

Spot the trend reversals with the indicator

  • During an uptrend, the graph shouldn’t touch the lower line. So, touching this line will indicate that there may be a reversal in the market.
  • During a bearish movement, the graph shouldn’t touch the upper band, and if it does so, the market may quickly take a reverse move.

By following this guide, a Forex trader can easily maintain the use of Bollinger bands to predict market reversals, the strength of an uptrend or downtrend, and so on. The three lines will help investors to spot a potential spot at which to enter or exit a trade.

Rate this post
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

How Does One Go From Just Having An Idea To Creating An Eye-Catching Video?

Published

on

Eureka! You’ve finally got it!

You have the ultimate idea that your brand can transform into an eye-catching video and get a revenue boost. You can almost picture it in your head. But now what?

How can you create the perfect video that can do justice to your amazing idea? What does it need to achieve this desired result? And most importantly, how can you realize your concept into a real-life opportunity?

If you are struggling with these questions, then you have come to the right place! In this post, we will explore how one goes from merely having an idea to executing it in the form of an eye-catching video. So without any further ado, let’s check out this step-by-step guide:

Create a Production Plan

Before you dive right into producing a video, it would be wise to formulate a production plan first. Having a structure in place will not only make it easier for you to shoot or create the video but also to edit it.

Start by identifying the mission and goal of producing this video. Is it to increase brand awareness? Do you want to get viral? Is it for self-promotion? Depending on this end-goal, you can formulate a production strategy.

Next, you need to decide the video content type. Video content ranges from Vlogs (Video Blogs) to Q&As – so decide on the video type based on your mission and the viewer preference.

Finally, get working on the script. Collect all the data in a single place and identify the key ideas that you wish to explore in your video, then collate this information to draft a compelling script. You may circulate this script between your team members and industry experts to gather their feedback.

Also Read: Boost Your E-Commerce Sales with Video Marketing

Choose a Video Maker

Now that you have the foundation in place, it is time to choose your tool. You can browse through the several video maker online and select an application or software that appeals to you the most.

Factor in your technical savviness and competence as a video creator and editor while choosing the platform. For basic video creation, you could turn to applications like PowerPoint, where you can dabble around with basic transitions and animations. On the other hand, platforms like Invideo that are packed with an array of features are also are known for having a user-friendly interface.

Let Your Brand Voice Echo

You are not making videos for leads and prospects; you are creating videos for other human beings.

So, allow your brand persona or individual personality to shine through the video. Whether you are creating videos in a B2B environment or sharing a step-by-step guide on how to make a mouth-watering egg roast, audiences are looking for a human connection.

However, in order to be successful, you and your audience have to literally and figuratively speak the same language. You cannot expect to attract middle-aged individuals or seniors with words like “YOLO” and “LOL,” and neither can you appeal to Millennials by blaming them for ruining the economy!

The above reason is why you must carefully choose a brand voice. Do you want to appear professional and authoritative? Or do you want to keep things fun and casual?

Factor in your audience and corresponding demographics to market yourself or your products through the video.

Explain Your Product or Service

Nobody knows you or your product/service better than yourself! However, this knowledge may result in you assuming that everyone else knows it too.

Conceptualize your video as the first point of contact between you or your brand and the audience. Then walk them through the entire process of what your product is and how it can benefit them.

But here comes the dicey bit – you need to balance out the information with entertainment. If your audience had the chance to choose between “5 features of XYZ” and cute cat or dog videos, they would, unfortunately, go for the latter. More so, if your video just drones on and on about product specifications and features.

Hence, make an attempt to make the video more engaging by weaving in a story or adding value to it. When you compare “5 features of XYZ” versus “5 ways in which XYZ changed my life,” the former appears to be more impactful. Thus, incorporate such techniques to make your videos more engaging.

Must Read: Movavi Video Editor Plus vs. Windows Movie Maker Review

Snip, Snap, and Edit

Once you have produced the first raw draft of the video, it is time to edit it! Remember the production map that you created when you conceived the idea for the video? Bring that up again and recollect the goal.

With this objective in mind, start working towards creating a story. Delete any extra or irrelevant footage and add more aesthetically pleasing elements. Make use of video editor Chromebook tools to carry out color correction and color grading to give your video a polished look.

If there is narration involved, test and superimpose a voiceover clip for more clarity. On the other hand, you can make effective use of music to evoke emotions and influence the viewers.

Publish and Promote the Video

Finally, now that everything is done, it is time to show the world your awesome creation!

First, select an appropriate title and incorporate the keywords that will make it easier for audiences to locate your video. It may seem insignificant and is often overlooked, but put in thought while selecting a thumbnail for your video.

Once everything is in order, publish the video over multiple platforms and start promoting it with all your might!

Post your video on YouTube, Facebook, and the landing pages of your website. Make use of hashtags and include more keywords in the video description for greater visibility.

Conclusion

Creating an eye-catching video does not necessarily involve high production value. You can achieve the same effect by making smart use of readily available video creation tools. Most importantly, focus on the content of the video as it is the heart and soul of the video that will get it noticed!

Rate this post
Continue Reading

Tips

Tips for choosing a WordPress Template and Why You Need Template Monster

Published

on

The quality of a WordPress site is often determined by the choice of template or theme. So as not to be wrong and get started in the right way by creating your site, here are some tips to follow to choose the best WordPress template of a WordPress site is often determined by the choice of theme.

Given the many WordPress themes including WordPress templates for business, some are free, some are paid, it’s hard to make choices. So as not to be wrong and get started in the right way by creating your site, here are some tips to follow to choose the best WordPress template.

1. Make your choice in the right place

In the same way you will not shop anywhere, you will not choose a WordPress template from any site. By going to a reputable and trusted library you will reduce the risk of choosing a bad WordPress template. You will find paid by clicking on “Commercial Themes” but a large selection of free templates awaits you, we are talking here in thousands.

Also Read: How To Fix 403 Forbidden Error In WordPress

2. Decide between free templates or paid ones

This is a question that is often asked.

If I usually recommend paid templates, free templates shouldn’t be ignored. They can be used for the following reasons:

You want to create a personal blog
You prefer to familiarize yourself with WordPress first
You don’t need advanced features
You want a simple design for your site.

3. Value the template’s popularity level

If you rely on comments and ratings left by previous customers when making a purchase, these good habits must be maintained when choosing a WordPress template.

Popularity can be assessed using the following criteria:

– Overall note: a good template must have at least 4.5 / 5, if not more. Clearly, a record is relevant if there is a large number of voters.
– Comments: just because there are lots of comments doesn’t mean that the theme is of poor quality. Try to take a closer look at the contents of the last remaining message.
– Number of sales or downloads: I personally prefer to go to templates that have been bought by several thousand (or even hundreds of thousands) of people, this is a sign of quality.
– Date of last update: if the previous criteria directed you to choose a template, don’t forget to see this date. The latest updates show that the owner of the theme maintains it and makes improvements.

Must Read: 5 Tips to Using a Web Hosting Review Service to Help You Choose the Best Host

Maybe Template Monster is your answer!

Template Monster is the best WordPress template provider. It provides you with a variety of professional templates for various purposes; e-commerce templates, CMS templates, HTML templates, and others. Whatever your WordPress site is, you will get the most appropriate portfolio website themes. You can take advantage of the Template Monster service now for only $ 16.60 / month. You can get the following features;

  • WordPress and CMS Themes
  • E-commerce Themes Powerful Plugins
  • Presentation Templates
  • Diverse Graphics
  • Unlimited Installations
  • 24/7 Technical Support

Now…what are you waiting for?

Rate this post
Continue Reading

Tips

Researching Industrial Components for Your Factory

Published

on

The smallest electronic parts can have the biggest impact on your profits. When a single one of them stops working, it could jeopardize your entire day’s profits and bring production to a halt. You need them to stay operational and intact at all times.

However, as a factory owner, you might not be the most well-versed when it comes to these parts. You might be vaguely familiar with what a divider, combiner, or hybrid coupler is.

You do not have to guess at what parts you should buy. You can research and find the right ones for your business by visiting the company’s website today.

Discovering the Parts’ Function

A big aspect of choosing the right components involves knowing what they do and what purpose they serve. If, for example, you know you need the power to flow in a certain direction, you might want to look for a part that can accomplish this purpose.

The website shows you what your choices are and then gives you a full product description of each one. You can click on the parts on the website, read more about them, and then determine if they are what you need or if they would not serve the purpose you have in mind for them.

If you still are not sure of what parts you need, you can use the product search function on the website. This function lets you use a variety of filters to discover what parts are for sale and what ones could be the most useful to you.

Pricing Out Your Purchase

Another reason to use the website involves staying within a set budget. You may not want to spend a big amount of cash for tiny parts. You have to stay within a monetary limit.

You can avoid overspending your budget by using the Get a Quote function. This function lets you find out what the parts cost so you can adjust your order accordingly. It is free to use and also comes at no obligation to you. You can find out more online today.

Rate this post
Continue Reading

Trending