Moss Digi-Tech Prosperity

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WHAT IS THE ECONOMIC CALENDAR!!?
The economic calendar refers to the schedules dates of significant releases or events that may affect movement of individual security prices or markets as a whole. Investors and traders use the economic calendar to plan trades and portfolio reallocations, as well as to be alert to chart patterns and indicators that may be caused or affected by these events. The economic calendar for various countries is available for free on multiple financial and market websites.
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UNDERSTANDING ECONOMIC CALENDAR!!!
Economic calendars usually focus on the scheduled releases of economic reports for a given country. Examples of events that are listed on an economic calendar include weekly jobless claims , reports of new home starts , scheduled changes in the interest rate or interest rate signaling, regular reports from the Federal Reserve or other central banks, economic sentiment surveys from specific markets and hundreds of other types of events. The majority of the events listed fall into one of two categories: projections of future financial or economic events, or reports on recent financial or economic events.
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Traders and investors rely on the economic calendar to give them information and to provide trading opportunities. Traders often time move into or out of positions to correspond either with an announcement of some event or with the heavy trading volume that often precedes a scheduled announcement. Following the economic calendar can be especially beneficial for a trader who wants to take a short position. If the trader guesses correctly about the nature of the announcement, she or he can open the position immediately before the scheduled announcement and then close it within minutes of the announcement.
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IQ OPTION STRATEGY!!!
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Basic Strategy For Successful Trading:
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Strategy is one of the most important factors in successful IQ Option Trading. It is the framework from which you base your trade decisions, including your money management rules, and how you go about making money from the market. There is no one Holy Grail unfortunately, if there were then we’d all be using it!
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The two most very basic categories of strategy are:
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FUNDAMENTAL AND TECHNICAL.
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FUNDAMENTAL strategies focus on the underlying health of companies, indices, markets and economies and while important to understand, is not as important to binary options as the technical aspect of trading.
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TECHNICAL trading, or technical analysis, is the measurement of charts and price action, looking for patterns and making educated guesses, speculations, from those measurements and patterns.
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Strategy simplifies your trading, takes guesswork out of choosing entry and reduces overall risk.
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The text book definition reads like this; a plan of action designed to achieve a goal or overall aim, the art of planning and directing operations in order to achieve victory. When it comes to trading the goal is to 1) make money and 2) not lose money.
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The number one method of achieving this goal is to use a rules based approach to choosing entries that relies on ages old, tried and true technical analysis indicators. There are dozens, possibly hundreds if not thousands, of ways to trade the market, all strategies. They can be categorized in terms of the tools used, the time frames intended, the amount of risk associated with and many other ways, these being the primary.
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Price Action/Scalping Strategies – Price action strategies rely on the movement of the market to time entry. These can be trend following or not, long or short term and utilize bullish or bearish positions.
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Trend Following/Directional Strategies – Trend following strategies target assets that are trending strongly to pinpoint a series of profitable entries with a high rate of success.
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Range Bound/Short Term Strategies – 99% of the time the market, or an individual asset, is not trending but trading in a range within a high and low mark. These strategies focus on support and resistance levels, reversals within the range and short term trends as asset prices move up or down from support to resistance and vice versa.
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A technical analysis indicator is, most often, a mathematical formula which converts price action into an easy to read visual format. Common types of indicators include but are not limited to moving averages, trend lines, support and resistance, and Japanese Candlesticks.
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MONEY MANAGEMENT!!!
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Strategy is 1 of the 2 pillars of risk management, the other is money management. You control risk by targeting only good signals, weeding out obviously bad signals, and never putting so much money on one trade that it will wipe out your account.
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Money management is the control of your overall trading fund. It should clarify trade size, and long term financial management – leaving you to focus only on trading. A well thought out money management structure should simplify:

-Trade size
-Risk management
-Future growth
-Stress

A trader with a clear financial plan should not need to be concerned with whether they can trade tomorrow, or if their trade size is correct or how they might grow investments in line with their progress. All those decisions are controlled by managing their overall capital with a clear plan.
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JAPANESE CANDLESTICKS!!!
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This is the most common method of viewing price charts. Japanese Candlesticks are a type of chart which shows the high, low, open and close of an assets price, as well as quickly showing whether the asset finished higher or lower over a specific period, by creating an easy to read, simple, interpretation of the market. Candlesticks can be used for all time frames – from a 5 seconds chart right up to weekly and yearly charts. They are the basis of most price action strategies and can be used to give signals as well as to confirm other indicators.
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SUPPORT AND RESISTANCE!!!
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These are areas of price action on the asset chart that are likely to stop prices when they are reached. Support is found when prices stop falling, this happens when buyers step into the market and are said to be “supporting prices”. Resistance is found when prices stop rising, this happens when sellers enter the market (or buyers disappear) and are said to be “resisting higher prices”. These areas, often represented by horizontal lines, are good targets for entries and possible areas where price action may reverse.
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TREND LINES!!!
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These lines connect highs and lows formed by asset price as it moves up down and sideways. A series of higher lows and higher highs is considered to be an uptrend and a sign that prices are likely to move higher, a series of lower highs and lower lows is considered to be a downtrend and a sign that prices are likely to move lower. The trend line can be used as a target for support and resistance, as well as a an entry point for trend following strategies.
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TRADING PSYCHOLOGY!!!
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With any form of trading, psychology can play a big part. A lack of confidence can mean missed trades, or investing too little capital in winnings trades. At the other end of the spectrum, over-confidence can lead to over trading, or increased risk – either of which could wipe an account very quickly.
So the trading psychology of the trader is very important. It can also be actively controlled or managed (at the very least, acknowledged). It is another often overlooked area of trading skill, but one well worth spending time to consider.
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A Basic Binary Options Strategy!!!
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Here is an example of some basic rules for an IQ Option strategy:
The trend is your friend, only take trend following entries. In an uptrend only enter when prices are near support, in a downtrend only enter when prices are near resistance. When prices are near support or resistance wait for a confirming rejection candlestick signal.
If the trade fails examine why it did not work, make adjustment if necessary and move on to the next trade. If the trade works move on to the next trade.
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Tap the link below to open Demo Account and Practice to know first;
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If you are interested in the world of trading and its history, you can probably name some well-known successful investors. Warren Buffett, George Soros, Benjamin Graham — all these names seem so distant: yes, they were successful, but what does this have to do with you? You may feel confused and even discouraged, not knowing where to start and what to do. But instead of giving in to this overwhelming feeling, read this article, learn what experienced and novice traders do and use this knowledge to enhance your strategies.
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The success of the great investors is, without doubt, a phenomenal thing, but there are always similarities between successful people. What is it that they do right? What makes great investors so great and is there a secret they know that you do not? How can you use their success in your own strategies? Let’s break it down.
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1) SUCCESSFUL PEOPLE VALUE EDUCATION!!!
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Quality education starts from a young age, but it does not stop there. You need to continue learning throughout your entire life. When it comes to trading, and it has been said many times before, learning is the key. A mindful approach is not possible without a good knowledge base.

Successful investors always have a story to tell and it often involves a period in their lives when they acquired knowledge, read books, studied economics and did a lot to get where they are now.Do not overlook this step and remember that you need to climb the ladder to be at the top.
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2) EXPERIENCED TRADERS LEARN FROM MISTAKES!!!
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Everybody makes mistakes, wrong choices, bad decisions. It can happen for many reasons. The mistake itself is not that important (if you trade according to the risk management guidelines). What is important is your reaction to it. Lots of novice traders often get emotional and give up after experiencing an unfavourable outcome. Experienced investors view their mistakes as valuable lessons.

They are not afraid to change their approach, try something new and be different. Try to make the most out of losses! Keep track of all your deals and analyze them. Make sure you understand the reasons for both positive or negative outcomes and base the following investment decisions on the data you have.
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3) EXPERIENCED INVESTORS DO NOT RUSH!!!
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Even those of them who raise up from the bottom are not in a rush to make money. Money is a good incentive, but the desire should not consume you or control your actions. Rushing to invest just for the sake of it and trying to take every little opportunity would just be spending your resources irrationally.

Instead, take your time. You will not be making insane amounts of money straight away, because that is simply not realistic. But you could be improving with time, if you allow yourself to slow down and do it at your own pace.
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If we had to sum up all of the above, we could say that one thing that separates experienced and novice traders is a more constructive andconsistent approach. Evaluate every decision you make and the progress will follow.
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Tap the link below to open Demo Account and Practice to know first;
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