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Friday, August 30, 2019

Being a Successful Forex Trader Could Be Daunting; Here Is How Ricky Andrade Stays Focused - Thrive Global

Being a Successful Forex Trader Could Be Daunting; Here Is How Ricky Andrade Stays Focused - Thrive Global

Being a Successful Forex Trader Could Be Daunting; Here Is How Ricky Andrade Stays Focused - Thrive Global

Posted: 30 Aug 2019 07:10 AM PDT

If you know about Forex, you know it involves staring at some screen for hours at a time to analyze market trends. Ricky Andrade is a young successful forex trader who traded his way into the 7 figure club by 23, a feat that involved hours upon hours of market analysis and learning. So how does such a young man manage to stay on top of his game and not let the six screens he stares at daily get to him and cause burnout? Below are his top 3 tips to stay focused and avoid burnout. 

Prioritizing Health 

Ricky has developed a routine of eating a healthier diet and making time to hit the weights at least 4x a week. When Ricky first started seeing success with Forex, he was like any other young guy, enjoying expensive dinners, and mainly eating out for all of his meals. He quickly felt the effects of the unhealthy diet he had; he would often experience grogginess, fatigue, and lack of clarity. Ricky spent the next few weeks finding a trainer in the local las vegas area and decided to change his habits to better allocate his energy into building his business. 

Staying Productive at All Times 

Ricky is a firm believer in creating tasks and writing them down. Like every young entrepreneur, he at one point would try to do everything by remembering it all, and he quickly saw that was an unproductive way to work. Ricky spent hundreds of dollars on self-development books, and just like he analyzed trends in the market, he analyzed patterns in the successful people he aspired to be like. One of the biggest trends and nuggets of information he was able to take away from all the personal development books, and role models he had was the ability to keep a notebook and write down all the most critical tasks. To this day, Ricky can be found checking off tasks from his list and staying on top of his game by doing so. 

Establishing a Balance Between Work and Leisure

Too much time at work is often any entrepreneurs worst enemy, even if it sounds like it's not. Ricky has been able to see his success skyrocket by establishing a clear boundary between work and fun. On a regular day, Ricky can be found up before most people to catch the markets and make his trades, and when he's not doing that he can be found changing the lives of thousands through his company market masters academy. Since so much is always going on in Ricky's life, he has made clear distinctions for time so when he's working nothing matters but work and when he's not he devotes his time and attention to his wife and their social life. Just by incorporating that small detail, his business has been able to excel in every aspect, and his social life has blossomed. 

These three tips from Ricky Andrade have had a significant impact on giving Ricky Andrade laser focus on his entrepreneurial endeavors. To continue learning more about Forex and how to build healthy routines as you begin your trading journey follow Ricky here

Relevant trading-focused information authored by key players in the futures, options and forex industries - Inside Futures

Posted: 30 Aug 2019 04:39 PM PDT

Algo Trading System Crude Oil Report For 9/3/2019

Based on ongoing analysis of the Crude Oil market, no single indicator, pattern or calculation accurately predicts the future market movement 100% of the time.However, when certain indicators and algorithmic strategies for the Crude Oil and related markets are employed and measured cumulatively, a reliable overall market bias can be established.The net result of each of the indicators and algos specifically designed for Crude Oil are summarized below.

For the most recent close for front month Crude Oil, a reverse moving average summation is showing a bullish bias.

The reverse momentum indicator for Crude Oil is showing a bullish bias.

The compiled RSI algo indicator is showing a bearish bias.

Based on 9 algo trading strategies developed with the Strategy Factory methodology, the current aggregate strategy status score is -2, which indicates an overall bearish bias.

The aggregate stochastic algo indicator is showing a bullish bias.

Overall, the current algo based bias for Crude Oil is NEUTRAL.

The algorithms used to establish the bias use historical data, and do not anticipate any news related price shocks.The algos are all short term swing trading strategies, with trade duration of a few days to a few weeks. All strategies have a profitable hypothetical backtest over the past 8-10 years. Algo indicators are standard indicators, computed over a wide range of input values.

To learn more about algo trading systems created with the Strategy Factory approach, visit:

Free e-book of algo trading system entries and exits, visit:

Past performance is not indicative of future results.Treat all results as hypothetical.

Crude Oil 9-3-19

Kevin Davey has been trading futures for over 25 years, and is currently a full time trader.  He is a 3 time international futures trading contest trophy winner and the author of 3 best selling trading books:

"Building Winning Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading" (2014)
"Introduction To Algo Trading: How Retail Traders Can Successfully Compete With Professional Traders" (2018)
"Entry and Exit Confessions of a Champion Trader: 52 Ways A Professional Speculator Gets In And Out Of The Stock, Futures And Forex Markets" (2019)

Kevin writes the monthly "Algo Q & A" column for Technical Analysis of Stocks and Commodities Magazine, and has won numerous industry awards for his trading books and online courses.  He also was selected for Crain's Business prestigious "40 Under 40" award.

Kevin is based in Cleveland, Ohio and was a Summa Cum Laude graduate of the University of Michigan (B.S.E).  He also has a M.B.A. degree from Case Western Reserve University Weatherhead School of Management, where he received the President's Academic Achievement Award for a perfect G.P.A.

Active in social media, he has over 15,000 Twitter followers. An aerospace engineer and MBA by background, Davey has been an independent trader for over 20 years. Davey continues to trade full time and develop algorithmic trading strategies.

Euro falls below $1.10 to lowest since May 2017 -

Posted: 30 Aug 2019 09:26 AM PDT

NEW YORK (Reuters) - The euro () fell below $1.10 on Friday to its weakest since May 2017 as a multi-day downward shift in the single currency intensified.

Traders had varied explanations for the drop, including a tweet from President Donald Trump in which he said the euro was dropping "like crazy" and lamented the strength of the U.S. dollar, attributing the trend to Federal Reserve policy.

Others argued that the move came as traders closed out their books for the end of the month, heightening an existing bias.

The euro was last trading at $1.0990 against the dollar, down 0.61% on the day.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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