Don’t Expect Always winning trade. Forex Probability !

Don’t Expect Always winning trade.

 

Are you looking for all trades should WIN? Then you are not a perfect trader. Let’s say for example if you planning to execute 100 trades within a month.

Do you think all the trades will give profit?
                                                                  Not at all, look for troubles or expect some losses instead of profits, or else you might stumble upon an ideal setup accidentally. Set up the action plan for your trades by following criteria profit percentage trades, loss ratio, Limit orders and Lot Size (Volume).

For Same example will go with probability ratio.

Total Trades: 100
Excepted Winning Trades: 50
Loss Trades: 30
Expired Trades: 20
Lot Size: 0.10 (Volume 10,000 Units)
Deposit: $16,000
Take Profit: 50 pip
Stop Loss: 30 Pip

In the total trades you are setting up the take profit 50 pip and Stop loss 30 pip. As you expected your winning trades 50 multiply by 50 PIP Take Profit, you might get $2500USD.
Loss Trades 30 * Stop Loss for each trade 30 PIP, total $900USD, remaining 20 trades were not executed so don’t bother.

Total Profit Trades: $2500

Total Loss Trades:  $900

Total Net Profit: $1600 it gives 10% of your deposit ($16000usd) amount.

Above example may vary from trader to trade. The market is the greatest Pandora of imperfections. The process of transforming imperfections to bucks is trading. So, instead of trying to be a perfect trader, simply be a ‘Probability Manager.’ Every aspect of trading is merely an unknown and if you manage to succeed in those singular probability, you are bound to eventuate success.

You might think what happen 50 trades are in loss and 30 trades only gets profit?

50 Trades * 30 Stop Loss = $1500 Profit

30 Trades * 50 Take Profit= $1500 Profit

You came up with No Loss No Profit. Investors prefers not the Winner neither Gambler, They prefer consistent traders (Trade Survivor).

What are all Top Eight Currency Ranking in Foreign Exchange Market

Top 8 Forex Exchange Currencies in the world

The Eight Major Forex Currencies follows with currency ranking in Foreign Exchange Market. The top major forex exchange traded currency below listed which gives currency ranking and specification below.

     

 

United States Dollar and Canadian dollar are the only two currency plays major role in oil production. Canada country Stand third in oil production ranking. CAD produces 169,709 Billion Barrels in a year.

What are the Top Ten Countries have oil reserves? Click Here

 

EUR
The euro Currency sign: , Currency Code: EUR

EURO is the official currency of 19 of 28 member states of the European Union, as well as some of the territories of the EURO Region. The Euro (EUR) is the second most-traded currency in the foreign exchange market, after the United States dollar and first place in forex currency ranking – foreign currency exchange.

GBP

The Pound Sterling Symbol: £, Currency Code GBP

GBP commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. GBP (Sterling) is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. GBP second place in forex currency ranking – foreign currency exchange.

AUD

The Australian Dollar Sign: $, Currency Code: AUD

AUD is the currency of the Commonwealth of Australia, including its external territories Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, Tonga, Tuvalu, and Vanuatu. Australian dollar was the fifth most traded currency in the world and ranks fourth place in forex currency ranking – foreign currency exchange.

NZD

The New Zealand Dollar Sign: $, Currency code: NZD

NZD also abbreviated NZ$, Māori: Tāra or as Aotearoa  is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ($).New Zealand Dollar plays top ten currency traded in the world and sixth place in forex currency ranking – foreign currency exchange.

USD

The United States Dollar Sign: $, Currency code: USD

USD also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar is the official currency of the United States and its territories. USD is the most used in international transactions and also the U.S. dollar is the world’s primary reserve currency or as centralized currency. USD stands first in world most currency trading and fifth place in forex currency ranking – foreign currency exchange and also the USD placed tenth place in oil reserves in the world and produces around 39,320 Billion Barrels.
What are all countries stands top ten in oil production? Click here

CAD

The Canadian dollar Symbol: $, Currency code: CAD

CAD is abbreviated from French, dollar canadien with the dollar sign $, or sometimes Can$. The fifth most reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada’s relative economic soundness, the Canadian government’s strong sovereign position, and the stability of the country’s legal and political systems. Canadian Dollar stands sixth place in forex currency ranking – foreign currency exchange and stand third in oil production around the world 169,709 Billion Barrels.
What are all countries stands top ten in oil production? Click here

CHF

The CHF also been called as The franc – German, Sign: Fr or SFr, Currency code: CHF

CHF is the currency and legal tender of Switzerland and Liechtenstein, it is also legal tender in the Italian exclave Campione d’Italia. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins. The Swiss National Bank (SNB) is the central bank of Switzerland, and is therefore responsible for the monetary policy of the nation. The Swiss National Bank invests its assets, particularly in the stock market. In 2018, its share portfolio stood at 153 billion Swiss francs. CHF stands seventh positing in currency ranking – foreign exchange market.

JPY

The Japanese yen symbol: ¥, currency code: JPY; also abbreviated as JP¥

JPY (JP¥) is the official currency of Japan. JPY Stands eight position in forex currency ranking, It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling.

What is the Reason for Venezuela Economic crisis?

What is the reason for Venezuela Crisis ?

Venezuela, once a rich oil reserve country, is now battling an unprecedented economic crisis. The proven oil reserves in Venezuela are recognized as the largest in the world and followed by other countries.

On 2nd June 2010, President Chavez declared an “economic war” due to the increasing shortages in Venezuela. The crisis has affected the life of the average Venezuelan on various levels. The crisis was the result of populist and socialist policies that began under the Chavez administration’s Bolivarian Revolution. Oil comprises 95% of Venezuela’s exports and 25% of its gross domestic product (GDP), because of oil prices continuously fallen down for one decade, 95% of business depends upon oil production, Venezuela faces worst ever loss and their economy fallen down.

Dis-stratification with corruption was cited by opposition-aligned groups as one of the reasons for the 2014 Venezuelan protests. Venezuela used to be a wealthy nation of Latin America, but a corrupt system along with drop in oil prices drove the country into political and economic crisis.

The know more about  Top 10 oil Reserves Countries in the world: Click Here

 

Top 10 Oil Reserve Countries in the world

The World Largest Oil Reserves – Top Ten Oil Reserve Countries

Rank     Country                                 Barrels (Barrels in Billion)

1            Venezuela                                    300,878

2            Saudi Arabia                              266,455

3            Canada                                   169,709

4            Iran                                              158,400

5            Iraq                                              142,503

6            Kuwait                                        101,500

7            United Arab Emirates              97,800

8            Russia                                         80,000

9            Libya                                          48,363

10          United States                      39,230

 

Venezuela, once a rich oil reserve country, is now battling an unprecedented economic crisis. The proven oil reserves in Venezuela are recognized as the largest in the world and followed by other countries. What is the Reason for Venezuela Economic crisis?

Suppressing fact on top ten crude oil reserves Canadian Dollar and United States of American Dollar are only two currency placed in top eight forex ranking currency in foreign exchange market.