Forex and Stocks Trading: Baby Bird Capital

Wondering how you can start earning interest on your savings? Or perhaps you do not have savings at all, but you want to start making money online? There are ten proven ways of making money online. Some involve investing some money, while others do not require any investment. What is passive income? Passive income is the money that you earn on your investments with little to no effort involved .  Passive income can prove to be valuable during tough times and it helps manage cashflows when you experience some financial challenges. How can you make money online? Table of contents Start forex trading Invest in stocks Become an affiliate marketer Become an online freelancer Create a website Invest in real estate Create a savings account 1. Start forex trading Forex trading involves the buying and selling of financial securties, that is, you buy one currency and sell another. It can be done online and it requires little to no investment (well, the capital required depends on the broker ...

The Fibonacci sequence is a sequence such that each number is a sum of two preceeding ones.  Fibonacci numbers play a role in determining the strength of the waves and their length. The fibonacci sequence helps us to obtain the fibonacci ratios by dividing one number in the sequence by the next number. For example, the Fibonacci sequence is 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 etc. Hence dividing  34 by 55 (34/55) gives the fibonnacci ratio of 0.618. There are five types of Fibonacci trading tools. These are a rcs, fans, retracements, extensions and timezones. We are going to focus on the application of Fibonacci retracement levels to the Elliott wave. Fibonacci retracement levels are horizontal lines that can be used to draw support lines, identify resistance levels, identify levels for placing stop loss orders and target profit levels. They are used to dertermine critical points where price action is likely to reverse. The Fibonacci ratios are 23.6%, 38.2%, 50%, 61.8% a...

Introduction In order to manage risk and increase profit, every trader needs to have a trading system. A trading system is a fixed  systematic process used to identify a trading opportunity, execute it and close it. A trading strategy, on the other hand, is a set of rules that help identify high probability setups. Table of contents The difference between a trading system and a trading strategy Bulding a trading system Importance of consistency Building a trading strategy Developing a successful trading plan The difference between a trading system and a trading strategy A trading system involves steps that are fixed and do not change nomatter the type of trade you are entering. The system maps the steps to follow towards achieving your trading goal and the strategy may differ in every step taken towards achieving your main goal. Bulding a trading system To build your trading system you will need to: Determine the time frame that you are going to use to execute your trades.  Th...

 Accumulation occurs after a prolonged downtrend, which is also known as the Mark down phase. The accumulation and the distribution phases are range bound trading periods where there is no clear direction of price movement. The distribution phase occurs after an uptrend which is also known as the Mark up phase. You may find this article helpful:  Price action analysis using the Wyckoff method Accumulation Schematic There are five phases to the Wyckoff accumulation schematic. Phase A  Phase A starts with price moving in a downtrend and volume steadily increasing. Buyers begin to enter the market  and are trying to change the direction of the market resulting in preliminary support. However, the buying power is not enough to stop the downward movement of price till it reaches a selling climax. A selling climax is a sharp decrease in the prices of stocks or derivatives for a very short period of time alongside increased volume. At this stage, price has been oversold and...

 You have decided that you want to start your trading journey and you want to deposit your money to a forex broker, or perhaps you are exploring your options on how you can deposit and withdraw money from your account instantly. If you using Deriv as your forex broker, you probably have heard about the Deriv peer to peer service, or you have heard people talking about it but you are still not sure how it works.  The Deriv peer to peer service allows you to easily deposit or withdraw money from your account by buying or selling Deriv credits in exchange for your local currency. We will explore the two methods that you can use this service and these methods are: Using the Website Using the Application  Using the website to do a Deriv peer to peer transaction To access the website, click here .   Then follow the steps as shown below. If you are new to Deriv please start by creating your account by signing up here . This artice on  Getting started with trading ...

 The Dow theory was developed in the late 19th century by Charles H. Dow. The theory expresses his ideas on price action in the stock market. Charles also invented the famous stock market index known as the Dow Jones Industrial Average (also known as the Dow). The Dow is price weighted and its value is affected by the performance of the most prominent companies listed in the stock exchanges in the United States as well as macroeconomic factors. Most methods and indicators used in technical analysis are based on the Dow Theory.  The Dow theory is made up of six principles: The averages discount everything  This principle states that all the fundamental factors, economic, political, technological factors, future events and other important factors affecting price have already been factored in and priced into the market except for natural calamities such as earthquakes. The only remaining influence on the stock price is human emotion.  The market has three major trends A...

Introduction Richard D. Wyckoff was a very famous stock market trader. He is considered one of the five titans of technical analysis along with Dow, Gann, Elliott and Merrill. Wyckoff proposed a method to help traders understand price movements in markets. This method is called the Wyckoff method. Wycoff advised traders to try to understand the market and play the market game as the Composite man. The fluctuations in the market in all the various stocks should be studied as if they were the result of one man`s operations. Let us call him the composite man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it    ~R.D Wyckoff   A composite man is a highly skilled and better informed investor who has the ability to shape the market and control the price. He carefully plans, executes and concludes his campaigns. His aim is to gather as...

What is a trend? It is the general direction which a financial market develops. There are three types of trend within the market: primary, secondary and minor. The primary trend is the major trend lasting at least six months. The Dow Theory describes the secondary trend as a market movement lasting from three weeks to three months. Minor trends have a short life span stretching from minutes to several hours. In financial markets, price tends to move in a series of zigzags forming waves. These waves constitute a market trend. Trending markets are easy to identify, do not try to complicate things. You do not need indicators to determine if the market is bullish or bearish in nature.  Remember to always trade with the trend.  If the market is bullish, then look for buying opportunities and if the market is bearish then look for selling opportunities. " Buy things that are going up. Sell things that are going down. And when they stop, get out! "  – Rob Smith The ...