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Siby Varghese

Siby Varghese's Blog

🏆Biz investor , 🏄🏼‍♀️Traveler, ,Forex Trader & Mentor & a Believer in Christ. Welcome to my Blog !

What People Say about me?

Here are a Few Testimonials from the People that I have mentored and worked with.

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Siby is a Great guy. If I say that he came to my life as an Angel who lifted me from my Debtful Life, it would be an Understatement. He taught me Forex Trading about three years back and there has not been a single day that I have looked Back! The Best tip that he had given me was to control my greed !

Alicia McCulan - Software Developer

Latest News

Catch the Latest News about the Forex Trends, Tips and Techniques in this Section .

What is Forex?

What is Forex

Foreign Exchange, also known as Forex or currency trading is a decentralized market platform where the entire world’s currencies trade. Being the largest and most liquid market in the world, the daily trading volume in forex encompasses $5 trillion. The entire world’s stock markets are not even close to this. This means that there are opportunities available with forex which you might not find in others.

IT iS ALL about EXCHANGE

Travelled overseas? If yes, then you’ve surely made a forex transaction. When you exchange currencies, the forex exchange rate between the two currencies determines how much value you get for your currency in terms of the foreign currency. The exchange rate continuously fluctuates.

MAKING MONEY WITH FOREX

Like shares, one can trade currency on the basis of its value. For instance if the value of the currency is to increase, you can buy it and keep it and if you think the value will decrease, you can sell it. And the best part is that in the Forex market, finding buyers and sellers is much easier.

As mentioned above all forex trades involve two currencies. It is a sort of bidding on the value of a currency against another. Let’s take the example of GBP/USD. When you see a price quoted on forex platform, it shows the value of both the currencies in parallel with each other. There would be two prices. Buying and selling price. The difference in the value between them is the spread. As you click buy or sell, you are buying or selling the currency in pair.

MARGININAL TRADING

As you begin trading, you borrow the first currency in pair to buy or sell the second currency pair. The liquidity is so deep in forex that liquidity providers like big banks allow you to trade with leverage. In trading with leverage, all you do is simply set aside the required amount as margin for your trade size. We shall explain it in detail. But remember, leveraging doesn’t mean that you are only increasing your profit potential. It can also increase your losses. It is therefore advisable to begin trading with small leverage ratios, until you are comfortable in forex trading.

WHY TRADE WITH RED STAR FX?

Because we’re a leading forex provider, when you trade with us, you receive access to benefits that only a top broker provides. You get:

  • Brilliant Customer Service whenever and wherever you need
  • Consolidated and effective education with real-time instruction to help you attain the trading edge you need

Plus, you get access to our proprietary trading platform, one of the most advanced trading platforms in the forex market. So come on and open your free forex demo account to start practicing trading from today.

The Bullish Three Drive Pattern

WHAT IS THE BULLISH 3 DRIVE PATTERN?

  • Proposes a potential inversion of a bearish market
  • One of the uncommon examples where cost and time symmetry are critical
  • Once you recognize what to search for, this example might be effortlessly distinguished or “hops out” at you
  • Shaped by three continuous symmetrical valleys
  • Contains two associating (interweaved) bullish ABCD designs
  • Also contains a bullish butterfly design (finishing at the third drive)

FOR WHAT REASON IS IT CRITICAL?

  • Recommends the summit (weariness) of a bearish market where a more noteworthy rectification may happen
  • May offer an amazing danger to-compensate proportion
  • Trend failure or disappointment recommends a conceivably solid bearish continuation might be in advance

SO HOW WOULD I DISCOVER IT?

To start with, it’s critical to recall not constraining a three-drive design. Cost and time symmetry are critical, so the example should emerge as three particular, symmetrical drives to a base. Brokers ought to likewise recall that the three-drive is far less regular than a butterfly or Gartley (particularly on longer time periods).

BEARISH THREE-DRIVE PATTERN RULES (POTENTIAL PURCHASE AT THIRD DRIVE)

  • Symmetry is the way to this example
  • Drives 2 and 3 ought to be 127.2% or 161.8% augmentations of the A and C retracements
  • The A and C retracements will normally be 61.8% or 78.6% of the past swing – In firmly slanting markets, these retracements might be 38.2% or half
  • The seasons of the A and C retracements ought to be symmetrical. The same is valid for expansions (second and third drives to the base)
  • An expansive value hole at whenever might be an indication that the example isn’t right. Merchants should sit tight for advance affirmation that a base is in advance

CONCLUSION

The three drives design is an inversion design intended to feature times when the market is depleted in its present move. The example has a bullish form and a bearish adaptation. The example is made out of three waves or drives that entire at a 127% or 161.8% Fibonacci expansion. The exchange is entered the other way to the general move, when the third drive is finished at a 127% or 161.8% Fibonacci augmentation. The stop misfortune goes beneath the 161.8% Fibonacci augmentation for a purchase or more the 161.8% Fibonacci expansion for an offer. Drawing another Fibonacci retracement from the beginning of the example to the finishing purpose of the example and take benefit at the point where cost will have followed 61.8% of that separation.

To learn more about Red Star Forex or The Bullish Three Drive Pattern, click on www.redstarfx.com. Get expert guidance from the experts of the industry.

Open your trading account with https://client.redstarfx.com/?p=1007 and succeed in the Forex market.

Bitcoin Cash

What is Bitcoin Cash?

Bitcoin Cash is like any other cryptocurrency with its own blockchain. It works just like any other cryptocurrency and Bitcoin Cash (BCH) is created through Bitcoin cash mining. This is much younger cryptocurrency, created at the end of 2016. Bitcoin Cash differs from classic Bitcoin as it has an increased block size from 1MB to 8MB. This allows miners on BCH chain to process more payments per second. Moreover, it expels Segregated Witness (SegWit). The main cornerstone behind the creation of Bitcoin Cash is to increase the number of transaction that can be processed.

To learn more about Bitcoin Cash from experts, get a thorough insight and guidance from trustworthy and reliable ones.

Why was Bitcoin Cash Created?

Many individuals ponder upon the requirement for Bitcoin Cash when we already have Bitcoin which is significantly more seasoned and this mainstream. Well, the reason behind the creation of Bitcoin Cash is diverging viewpoints within the Bitcoin community about how to scale the network. Putting it comprehensible, as more and more people began to use Bitcoin; the network struggled to keep up with the volume of the transaction. As a consequence, many bitcoin users had to wait for hours or even days before seeing their transaction go through. This prompted the introduction of what we know as Bitcoin Cash.

Pros and Cons of Bitcoin Cash:

Like every coin, there are two faces to anything. In a similar way, even Bitcoin Cash has its perks and flaws. Let’s find out about them:-

Pros:

  • You can exchange Bitcoin Cash without providing individual data which can make it more secure contrasted with other installment techniques. This means that you do not have to worry about your identity getting stolen.
  • A transaction can be completed in a matter of a few minutes. The person doesn’t have to wait for long periods for his transaction to get processed. It makes payments easy and quick.
  • There is no need to spend money as fees. Payments can be made to anyone around the globe without the need of sending it through any bank or government body.

Cons:

  • It is still prone to getting hacked. Bitcoin is aware that hackers target their website every day and they are always working on improving their defenses but there is still no guarantee that your account will not be stolen in the future.
  • The price may fluctuate wildly since the market is very volatile. The price may be on its all-time high today but tomorrow is going to be a different story. You have to time precisely when you will pitch to make sure about what you will get. Subsequently, right planning is profoundly essential.
  • Bitcoin Cash does not have as much investor confidence as Bitcoin. Also, its adoption rate and market penetration are much lower than Bitcoin’s. This has a lot to do with the fact that coin is much newer than Bitcoin.

The future of Bitcoin Cash remains unclear. Its value has grown substantially despite its comparatively short existence, but Bitcoin Cash faces several challenges and uncertainties moving forward. Bitcoin Cash is hailed by its supporters as a “new and improved” system that will replace the original bitcoin. So only time will tell the fate of Bitcoin Cash.