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Boost Your Trading Strategy with These Powerful Trend Strength Indicators

LonghornFX

Pinpointing the right moment to apply your trading strategy is critical to forex trading. Trends help you accurately read the market's directional movements so you can jump on a trade at the right time. This post reviews the top trend strength indicators, which measure the strength or momentum of a market trend. Learn about five of the most powerful technical analysis tools, how they work and how to use them to locate trade entry and exit points precisely. What is a Trend Strength Indicator? Trend strength indicators are technical analysis tools used by forex traders to measure the strength of a trend and identify possible entry and exit points. These indicators help traders distinguish between strong and weak trends and determine the likelihood of a trend continuing or pulling back. With the aid of trend strength indicators, you can make smarter decisions when entering or exiting trades and boost your chances of trading success in the FX market. 5 Top Trend Strength Indicators for Forex Trading Now that you understand forex market trends and their significance, here are the top five trend strength indicators that can help you confidently navigate the market. Average Directional Index (ADX) The average directional index (ADX) is a widely used trend strength indicator for measuring the strength of a trend without taking its direction into account. Two other indicators, namely the positive directional indicator (+DI) and the negative directional indicator (-DI), are used to calculate the ADX. These indicators quantify the upward and downward directional movements, respectively. When the ADX value surpasses 25, it signifies a strong trend, and a value below 20 indicates a weak or nontrending market. True Strength Index (TSI) The true strength index (TSI) measures the momentum of a trend by analyzing the difference between the average price gains and losses over a specified period. The TSI oscillates around a zero line, with positive values indicating a bullish trend and negative values suggesting a bearish trend. Traders often use TSI with other technical indicators and chart patterns to assess trend direction and strength, identify overbought/oversold conditions and confirm trade setups. Rate of Change (ROC) The rate of change (ROC) is a momentum-based strength indicator that measures the percentage change in price over a specific period. It helps traders identify the momentum of a trend and potential market turning points by analyzing the speed at which prices change. The ROC is calculated by comparing the current closing price to a previous one at a specified period. A rising ROC indicates the trend is gaining momentum, while a falling ROC suggests a weakening trend. Traders can use the ROC to spot potential trend reversals and confirm existing trends. McGinley Dynamic (MD) The McGinley Dynamic (MD) is a smoothing indicator that adjusts itself based on market speed, effectively reducing price gaps and false signals. It aims to minimize lag and noise, providing a more accurate representation of the price action. The MD line effectively determines trend direction, with prices above the line indicating an uptrend and prices below the line suggesting a downtrend. Traders can also use the MD line as a dynamic support and resistance level to identify potential entry and exit points. Ichimoku Kinko Hyo The Ichimoku Kinko Hyo, or Ichimoku cloud, is a comprehensive trend strength indicator that provides information on trend direction, momentum, support and resistance levels. Highly valued for its ability to offer a complete market overview at a glance, this versatile indicator consists of five main components that form a "cloud" on a price chart, with each serving a specific purpose: Tenkan-sen (conversion line): The average of the highest high and the lowest low over a specific period, usually nine periods. Kijun-sen (baseline): The average of the highest high and the lowest low over a different period, typically 26 periods. Senkou Span A (leading span A): The average of the Tenkan-sen and Kijun-sen, plotted ahead of the current price by a specified number of periods, usually 26. Senkou Span B (leading span B): The average of the highest high and the lowest low over a longer period, generally 52 periods, plotted ahead of the current price by the same number of periods as Senkou Span A. Chikou Span (lagging span): The current closing price plotted behind the price action, typically by 26 periods. A price above the cloud indicates an uptrend, while a price below the cloud suggests a downtrend. Traders can use the various components of the Ichimoku system to spot potential trading opportunities and confirm trend strength. Top Trend Strength Indicators to Dominate the FX Market Trend strength indicators play a vital role in forex trading by helping traders identify trends, momentum, potential reversals and overbought or oversold market conditions. Each of these top indicators offers unique insights into market behavior and can be combined with other technical analysis tools to confirm trade setups, manage risk and optimize overall trading performance. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

July 26, 2023 05:00 AM Eastern Daylight Time

Swing Trading Signals: How to Identify Profitable Opportunities

CedarFX

Forex swing trading is a widely-used strategy that involves holding positions for a few days or weeks, aiming to capture price movements in the market. However, finding the ideal entry and exit points can be a struggle. Many forex traders rely on forex swing trading signals – indicators or alerts that tell them when to buy or sell a currency pair. What Is Swing Trading? Swing trading is a forex trading approach that involves holding a currency pair for one or more days to profit from market swings. Swing traders chiefly use technical analysis to identify trading opportunities but may also turn to fundamental analysis to improve their decision-making. Swing trading differs from day trading, which involves closing all positions before the end of the trading session, and trend trading, which involves holding positions for longer periods to follow market direction. Swing High: A swing high is a point where the price of an asset reaches a peak in a specific area, indicating a potential resistance level or reversal point. To swing high, you buy when the price is low and sell it when it reaches a swing high. Alternatively, you can enter a short position when the price is high and exit it when it reaches a swing low. The aim is to capture the price movement between the swing points. Swing Low: A swing low is where the price reaches a local minimum, which could indicate a support level or a turning point. To swing low means to do the opposite of swinging high – to sell an asset when the price is high and buy it when the price reaches a swing low. You can also enter a long position when the price is low and exit when it hits a swing high. 7 Best Indicators for Swing Trading Many indicators can be used for swing trading, but some of the most popular and effective ones follow. Moving Averages (MA) These are trend indicators that show the average price of a market over a certain period. They help swing traders identify the trend's direction and strength, as well as likely entry and exit points. Common moving averages used in swing trading include the 20-day, 50-day and 200-day moving averages. Moving Average Convergence Divergence (MACD) This momentum indicator shows the relationship between two moving averages of the price. It helps swing traders gauge the momentum and direction of the trend, as well as spot potential trend reversals or continuations. The MACD consists of a MACD line, a signal line and a histogram. Relative Strength Index (RSI) Signals This RSI measures the speed and magnitude of price changes. Swing traders use it to determine overbought or oversold conditions, indicating a possible change in price direction or a continuation of the trend. RSI values range from 0 to 100, with levels above 70 indicating overbought and below 30 indicating oversold. Bollinger Bands These volatility indicators show the range of price movements around a moving average. They help swing traders identify high or low volatility periods, which can signal a potential breakout or breakdown. Bollinger Bands consist of a middle band (a moving average), an upper band (a standard deviation above the middle band) and a lower band (a standard deviation below the middle band). Volume This indicator shows the amount of trading activity in a market. It helps swing traders confirm the validity and strength of the price movements and identify divergences between price and volume, which can indicate a weakening or strengthening of the trend. The chart displays volume as bars, histograms or lines. Stochastic Oscillator This momentum indicator compares the closing price of a market to its price range over a certain period. It helps swing traders identify overbought or oversold conditions, as well as potential trend reversals or continuations. The Stochastic Oscillator consists of two lines: %K and %D, oscillating between 0 and 100, with levels above 80 indicating overbought and below 20 signaling oversold. Bullish and Bearish Chart Patterns These are graphical representations of the price movements that form recognizable shapes on the chart. They help swing traders anticipate future price movements based on the completion or continuation of the patterns. Common chart patterns in swing trading are head and shoulders, double tops and bottoms, triangles, flags, pennants, wedges and channels. Choosing the Best Indicators for Swing Trading Forex Swing trading forex involves using indicators to identify trends and make trades within those trends. However, there is no single indicator that works for everyone and traders should experiment with different indicators and combinations to find what works best for their style, goals and risk tolerance. It's also important to use other tools, such as trend lines, support and resistance levels, candlestick patterns and price action, to confirm trade signals generated by indicators. Using these methods can boost your chances of success in swing trading forex. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details CedarFX +1 877-440-9464 info@cedarfx.com Company Website https://www.cedarfx.com/

July 26, 2023 05:00 AM Eastern Daylight Time

CLIPS & KICKS AND CUTS 4 KIDS BACK TO SCHOOL APPRECIATION EVENTS AT HIBBETT AND CITY GEAR IN ATLANTA

Hibbett, Inc.

As summer vacation draws to a close and the new school year approaches, Hibbett | City Gear announce two action-packed Back to School celebration events in Atlanta on July 30th and August 6th. Hibbett and City Gear will both provide free haircuts and school supplies to attendees. Hibbett and City Gear want to make the back to school prep a little easier with some free stuff for families, while they are getting their back to school shopping done. The public is invited to stop by two different Back to School events on Sunday, July 30 th and Sunday, August 6 th to join the fun. The Clips & Kicks event hosted by Hibbett and Sprayground will take place on Sunday, July 30 th at Hibbett, located at 860 Duluth Hwy in Lawrenceville. The event will run from 12pm to 5pm. The Cuts 4 Kids event hosted by City Gear and adidas will take place on Sunday, August 6 th at City Gear, located at 2685 Metropolitan Parkway in Atlanta. The event will run from 12pm to 5pm. “Our Clips & Kicks and Cuts 4 Kids, Back to School celebrations are always a fun time to get kids excited about school and to show some appreciation to the wonderful community of Atlanta,” said Troy Williams, Hibbett, District Manager. “We encourage everyone to stop by, listen to some music, get free haircuts for the kids and take home some free school supplies.” Each year, Hibbett and City Gear host special back to school events across the country to show appreciation to local families in their communities, who may be stretched with back to school expenses. The company hires professional barbers and brings them onsite to provide free professional children’s haircuts for attendees. There is a party atmosphere to get kids pumped up about the new school year with their fresh new cuts and free school supplies. Throughout the day there is music, special promotions, giveaways, light refreshments and much more. Children of all ages are welcome to get free haircuts and school supplies on a first-come, first-serve basis, while supplies last. About Hibbett, Inc. Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with 1143 Hibbett and City Gear specialty stores, located in 36 states nationwide. Hibbett has a rich history of convenient locations, personalized customer service and access to coveted footwear, apparel and equipment from top brands like Nike, Jordan, and adidas. Consumers can browse styles, find new releases, shop looks and make purchases online or in their nearest store by visiting www.hibbett.com. Follow us @hibbettsports and @citygear on Facebook, Instagram and Twitter. Contact Details Wendy Yellin pr@hibbett.com Company Website https://www.Hibbett.com

July 25, 2023 10:03 AM Eastern Daylight Time

Next Generation DFS Platform GameBlazers Signs New Partnerships with Full Moon Sports Solutions and Raging Moose

GameBlazers

GameBlazers, a sports gaming platform empowering sports fans to create and manage their own experience, today announced the company signed partnerships with two industry-leading and best-in-class consulting companies, Full Moon Sports Solutions and Raging Moose. Both companies will help accelerate GameBlazers’ business objectives as it brings its revolutionary product to the Beta Test phase and eventual launch. Full Moon Sports Solutions is a strategy consulting firm specializing in business and product development for the fantasy, gaming and sports betting industry. Full Moon is aiding in developing strategic partnerships and licensing opportunities with professional sports leagues and associations. Raging Moose is a technology consulting group specializing in game design and gameplay mechanics. The group is assisting GameBlazers in developing a proprietary Item Distribution Framework that assigns the Athletes, Multipliers, Rarities and other forms of metadata, to the in-game Items. The firm has experience working on FIFA Ultimate Team, as well as other major video games with similar mechanics to those on the GameBlazers platform. “In any start-up environment, surrounding yourself with the smartest minds in the industry and creating a network of strategic partnerships is the cornerstone for success,” said Rourke Sturthers, CEO of GameBlazers. “GameBlazers is unlike anything the daily fantasy market has seen, so bringing in Full Moon Sports Solutions and Raging Moose was paramount to making sure our vision for the platform was met. From both companies’ previous work, we know that GameBlazers will bridge the gap between the modern and future worlds of fantasy sports, and live up to its unique user experience.” GameBlazers is set to launch before the 2023 football season. For updates and information about the platform, check out GameBlazers.com. About GameBlazers GameBlazers is a new sports gaming platform bridging the gap between the digital and physical worlds into a first-of-its-kind user experience. GameBlazers blends the best elements of fantasy sports, sports gaming, and collectible in-game items to create a more sustainable and more engaging gameplay. GameBlazers enables innovative gameplay mechanics that give Players the opportunity to be the Owner, GM and Coach of their Fantasy Franchise. For more information or to join the beta, please visit: https://www.gameblazers.com/ Contact Details Sterling Randle srandle@hotpaperlantern.com Company Website https://www.gameblazers.com/

July 25, 2023 10:01 AM Eastern Daylight Time

Minuteman Press Franchise Owners Jim and Seamus Mooney Celebrate 5 Years and Relocation to Clark, NJ with Grand Opening Event

Minuteman Press International Inc

Jim and Seamus Mooney have a lot to celebrate lately. The father-son team behind the Minuteman Press franchise in Clark, NJ (formerly Westfield) held their Grand Opening Palooza Event on June 22, 2023 as they celebrated their relocation to Clark as well as 5 years in business. Minuteman Press in Clark is located at 1120 Raritan Road, Suite 2, Clark NJ 07066. The grand opening event for Minuteman Press in Clark, NJ was sponsored by the Irish Business Association and featured live music, food trucks, vendors, and more. The Irish Business Association also recently honored Minuteman Press in Clark by awarding Jim and Seamus their Company of the Year Award. In addition, Jim and Seamus continue to hit new monthly sales milestones for their business. On the relocation, Jim shares, “We opened our doors on June 1, 2018. We have been in business for 5 years and we were looking for a larger production facility. Today, Minuteman Press Clark is a full-service printing, mail-house, and marketing design firm. We specialize in apparel (screen printing and embroidery), signage, paper based products (booklets, brochures, letterhead, envelopes, etc.) promotional products, mailings and graphic design.” Over the past 5 years, Jim has helped grow the family business through networking with a heavy focus on community involvement. He is President and an active member of Greater Westfield Area Chamber of Commerce, which includes multiple towns in Union County. Jim also appreciates being able to put his own stamp on Clark, Westfield and the surrounding community through his business. On that note, Jim says, “We have a lot of pride when we see our work displayed or distributed in the community – storefronts, window signage, direct mail, brochures, business cards – it’s always great to get kudos from happy clients.” Jim’s professional background includes managing strategic marketing for multi-unit franchise brands across various industries, most notably, McDonald’s Corporation working on the Company and Ad Agency side of the QSR industry. Jim says, “As the majority of my career was spent in franchise marketing, I am a true believer in franchising. Because I worked in advertising agencies where we had production and graphic design capabilities; I was very comfortable buying this business.” Jim continues, “I look at Minuteman Press as an ad agency for other businesses in Clark and Westfield and the surrounding towns. My career skills match up really well with what we are doing, and I am proud of our capabilities as well as the infrastructure we have in place being part of the Minuteman Press franchise family.” Speaking of family, while Jim concentrates on marketing the business, his son Seamus handles the operations. Prior to Minuteman Press, Seamus worked in recruiting and education operations management. Jim says, “Seamus is fantastic as our Vice President of Operations and I couldn’t do this without him. We’re a good team because we complement each other’s skills.” What’s it like going to work every day as a father and son? “It's an opportunity most people don't get to have,” Seamus Mooney said. “It's been great getting to work together for over five years — I've learned a lot during this time about business and life. Having a family business is rewarding." “It is fantastic to work with my son Seamus and to see him grow strategically and operationally as our vice president of operations,” Jim Mooney added. “Seamus is also a great thought partner in the business. It is a unique and fun experience.” Minuteman Press in Clark, NJ is located at at 1120 Raritan Road, Suite 2, Clark NJ 07066. For more information, call 908-857-4644 or visit their website: https://minuteman.com/us/locations/nj/clark/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

July 25, 2023 10:00 AM Eastern Daylight Time

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Supply Chain Success Prompts ToolsGroup-Lãberit Partnership to Expand into LATAM

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, and Lãberit, one of Spain’s leading IT companies dedicated to consulting, development, and maintenance of digital solutions for diverse industries worldwide, are proud to announce that together, they are providing award-winning supply chain solutions to Spain and Latin America. The partnership began in 2021, as ToolsGroup explored more avenues for leveraging its powerful AI-driven supply chain planning solutions. In the wake of disruption, interest in probabilistic forecasting and ToolsGroup’s acclaimed solutions began skyrocketing, spurring the search for additional resources to support the company’s increasing scope. At the same time, Lãberit had begun expanding its consulting services to organizations throughout the supply chain sector. The two companies recognized the tremendous potential for a partnership that could meet the increased demand for supply chain solutions across Europe and Latin America. Soon after, ToolsGroup’s probabilistic Demand Planning & Forecasting became the foundation of Lãberit’s Supply Chain & Industry 4.0 offering. The ToolsGroup and Lãberit partnership is already benefiting a large company dedicated to supplying products, services, and solutions to the ceramics and glass sector, supporting them in achieving efficient demand planning and inventory optimization with an end-to-end supply chain solution. With a growing joint customer base and business continuing to develop, Lãberit and ToolsGroup are excited to expand their offering into Spain and Latin America, continuing their close collaboration and delivering supply chain excellence across multiple regions. “For us at Lãberit, the collaboration between our two companies is strategically significant, as we seek to find the most suitable solutions for the entire logistics process. Leveraging cutting-edge technological tools, such as machine learning-based supply chain planning, is paramount in effectively managing uncertainties and optimizing costs across various aspects, including inventory, freight, obsolescence, and potential sales losses,” said Juan Jiménez, Industry Director at Lãberit. “At ToolsGroup, our partnerships are a driving force behind growth and customer success,” said Mauro Adorno, VP of Global Alliances. “We’re excited to see our relationship with Lãberit develop and prosper, powering supply chain transformation and bringing real-world value to customers worldwide.” Want to learn more about how the ToolsGroup Partner Program is transforming supply chains around the globe? Find out more here. About Lãberit Lãberit is a leading company in the software development and technological solutions industry in our country. With a strong focus on innovation and quality, we prioritize the human aspect of our workforce, spread across offices in major cities in Spain and Latin America. Our expertise extends to various sectors, including public administration, banking, insurance, telecommunications and media, energy and utilities, industry, and healthcare. We are also expanding our presence in Latin America, Africa, the United States, the European Union, and the United Kingdom, reflecting our growing interests in these countries. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

July 25, 2023 09:00 AM Eastern Daylight Time

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Bull Traps Unpacked: How to Avoid Falling for It

LonghornFX

The bull trap has been around for pretty much as long as people have been trading in and manipulating the price action of financial markets. Bull traps often catch unwary forex traders by surprise when they act on a false buy signal in an uptrend that then causes them to wind up taking a loss when the fake rally eventually fizzles out. In this article, Benzinga explains the nature of the bull trap, its causes and how to identify and avoid them when trading forex. Knowledge of bull traps could improve your overall forex trading results, so keep reading for more information on bull traps in forex trading. What is a Bull Trap? As the name implies, the bull trap essentially consists of an upward-trending market that looks like it should continue higher, but the bullish move instead fails and the market moves lower. Bull traps are notoriously created by market manipulators to trick other market participants into buying during a false breakout that looks like a bull market, thereby “trapping” them with positions on the long side. The false upside breakout seen in bull traps generally induces less market-savvy traders to position themselves on the long side with a price target that the market never attains. As the market typically retraces its initial gains and then some during a bull trap, they eventually end up on the wrong side of market price movement (or exchange rate movement in forex trading). The failure of the upside breakout of a resistance level, trendline or chart pattern eventually becomes apparent when market momentum wanes as the manipulator sells to take their profits. The ensuing selloff intensifies as traders on the wrong side of the market rapidly liquidate their positions. This tends to drive the market even lower than the level where the manipulation began, making a bull trap a bearish signal. How to Identify a Bull Trap Accurately identifying a bull trap in the forex market typically requires a combination of technical, fundamental and sentiment analysis. You can also use exchange rate charts to spot potential bull traps. The useful market analysis methods that can help you identify a bull trap in the forex market include: Technical analysis: A key method for identifying bull traps is to use technical analysis tools like trend lines, support and resistance levels, moving averages and oscillators to analyze the exchange rate movements of a currency pair you think has shown a bullish signal. A break in a key support level, or a bearish divergence in a momentum oscillator like the relative strength index, can indicate a potential bull trap you will want to avoid. Charts can also be used to spot bull traps in the forex market. For example, you can review candlestick charts to look for patterns that suggest a downside reversal in the underlying trend. A particular candlestick pattern known as a shooting star often indicates that a bearish reversal is imminent, as do bearish engulfing patterns and doji candles. Fundamental analysis: Another useful method that can help you avoid trading on bear traps involves using fundamental analysis to analyze the underlying economic and geopolitical factors that could have influenced the market sentiment to result in a bullish breakout. If the market sentiment does not seem that bullish based on positive news, then forex traders need to be cautious about the upside breakout and look for potential negative factors that could reverse the trend lower. Volume analysis: You can use trade volume analysis to identify when a forex market move is valid. True bullish breakouts are generally supported by strong trading volume that indicates a genuine upward trend has commenced. In contrast, bull traps are usually not accompanied by a significant increase in trading volume, so a failure to see such an increase indicates a potential downside reversal could occur instead of a rally. Sentiment analysis: Another method you can use to identify a bull trap is to analyze market sentiment using sentiment indicators or news sentiment analysis. If the market sentiment is overly optimistic and most traders have positioned themselves in the same direction, then traders need to be cautious because this could indicate a potential bull trap. Keep in mind that remaining vigilant while trading currencies is crucial to avoid falling into a bull trap. You especially need to stay aware of potential market-moving events and news that could influence forex market sentiment and spark a reversal. Also, remember to set appropriate stop-loss orders to limit your losses in case the market moves against your position. How to Avoid a Bull Trap Because of the prevalence of bull traps in the forex market, you will generally want to include strategies for avoiding them in your trading plan. Here are some tips and tricks forex traders can use to avoid falling prey to bull traps: Use a combination of analysis methods: Traders should generally use a combination of technical, fundamental and sentiment analysis to identify potential bull traps. This helps to avoid relying on one analysis method and increases the accuracy of identifying real bullish moves and potential trend reversals before they occur. Stay aware of market-moving events: Traders should stay up to date on important news events that can shift the forex market sharply like economic releases, central bank meetings and geopolitical developments. Such news can impact forex market sentiment and trigger bull traps. Use appropriate risk and money management: Traders should use appropriate risk-management strategies like setting stop-loss orders, taking profits at regular intervals and avoiding over-leveraging their positions as well as using sensible position-sizing techniques. Taking such steps can help minimize losses and protect trading capital. Avoid chasing a new trend: Traders should avoid chasing an unconfirmed trend by buying at the peak of fresh bullish momentum. Instead, they can wait for a pullback in the currency pair’s exchange rate before entering a long position. Avoid trading during periods of low liquidity: Traders should avoid periods of low market liquidity because manipulators can use this to their advantage. Low liquidity can also increase the volatility of the forex market and lead to unpredictable exchange rate movements that can trigger bull traps. Use market action analysis: Analyze the way that exchange rates move on candlestick charts to identify potential bull traps. For example, you can look for bearish candlestick patterns like shooting stars, bearish engulfing patterns and doji candles to signal a market entering a bull trap that may be about to reverse direction. Traders can typically avoid bull traps by remaining vigilant to the risk of trading on them and using a combination of analysis methods to identify them. They can also employ appropriate risk- and money-management strategies and best trading practices to increase their chances of success and minimize their losses just in case a bull trap occurs that catches them long and wrong. Bull Trap Takeaways Because bull traps are a common occurrence in the forex market, currency traders must remain aware of the signs and signals of market manipulation to avoid falling prey to them and losing their hard-earned money. Forex traders with open positions and those considering taking a position also need to stay well-informed and regularly updated on market-moving events to minimize the risk of losing money because of bull trap fakeouts. Remember that bull traps are often caused by market manipulators who deliberately create a false bullish sentiment in the forex market. This can cause unwary currency traders to buy at the peak of an invalid uptrend and suffer significant losses as a result. You can typically increase your chances of success and minimize your losses as a trader by avoiding falling into bull traps. In addition, those looking to avoid bear traps should consider using a combination of analysis methods and appropriate risk- and money-management strategies as well as best practices like avoiding chasing the trend on a suspicious breakout and trading during low liquidity periods when the market manipulation that causes bull traps is easier and more likely. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

July 25, 2023 08:30 AM Eastern Daylight Time

Peter Kaldes Named President and CEO of NextFifty Initiative

NextFifty Initiative

NextFifty Initiative, a private foundation supporting efforts to improve quality of life for older adults and their caregivers, today announced it has named Peter Kaldes as its new President and CEO. Kaldes will assume the role on September 11, 2023, and will lead efforts to help the nonprofit private foundation achieve its mission of improving and sustaining the quality of life for people in their second 50 years. Kaldes is a national leader in aging with experience as a nonprofit and philanthropic executive. Since March 2020, he has served as president and chief executive officer of the American Society on Aging, the nation's largest association of diverse professionals in the field of aging. Before joining ASA, Kaldes was president and chief executive officer of the South Florida Institute on Aging (SoFIA). Prior to that position, Kaldes was a senior executive at JPMorgan Chase & Co. and led the global bank’s philanthropic investments in economic development. Kaldes also has served in the White House as an economic policy advisor to President Barack Obama. "Colorado, like our nation, is aging," said Kaldes. "Some may see this as a problem, but NextFifty sees it as the opportunity that it truly is. I am looking forward to working with NextFifty’s Board of Trustees, staff, community partners, and national colleagues to lead and catalyze innovation in aging." At ASA, Kaldes successfully navigated the organization through an unprecedented pandemic, innovated its brand identity and programming, including launching ASA Rise, a social justice and leadership academy for rising leaders of color, and increased ASA's membership by 35 percent. At SoFIA, he led the transformation of a 55-year-old, community-based organization and nearly doubled the organization’s budget with new social and economic programs. Kaldes began his career as an international litigator at the global firm of Weil Gotshal & Manges, LLP. He is a graduate of the University of Pittsburgh School of Law and Tufts University. “We are thrilled to welcome Peter Kaldes and the depth of experience he will bring to our work,” said Joie Glenn, chair of the Board of Trustees for NextFifty Initiative. “Peter shares our passion for supporting the needs of older adults and all the issues related to their quality of life. We are very pleased to have found a new leader of his caliber.” NextFifty Initiative was formed in 2016 through the sale of InnovAge, a non-profit PACE (Program of All-Inclusive Care for the Elderly) provider, to a private equity firm. With initial assets of over $200MM, the foundation was created as an independent nonprofit entity completely separate from InnovAge. The foundation remains focused on and committed to serving the older adult population through grantmaking and impact investing with goals of: improving the quality of life for older adults; making sure organizations serving older adults have the resources they need to succeed; identifying, supporting, and replicating new and innovative approaches to aging; and reducing ageism. About NextFifty Initiative NextFifty Initiative is a Colorado-based, private foundation supporting efforts to improve the lives of older adults and their caregivers. The foundation works with community leaders, experts in the field of aging, and front-line professionals to support programs and projects that positively impact aging and longevity. They focus on education, sharing best practices, and supporting innovation that will transform aging for generations to come. In 2022, NextFifty Initiative awarded grants totaling $8.2 million. To learn more, visit www.Next50Initiative.org. Contact Details NextFifty Initiative Amy Daly +1 303-590-9995 Company Website https://www.next50initiative.org/

July 25, 2023 08:30 AM Eastern Daylight Time

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From Novice to Pro: How to Use Forex Line Trading Like a Seasoned Trader

LonghornFX

Identifying profitable opportunities in forex trading can be challenging for any trader regardless of experience level. Without a clear grasp of trading techniques like forex line trading, you may risk missing out on chances to make significant gains and incur losses due to ill-timed decisions. This guide will explain the intricacies of the forex line trading technique and how you can use it to your advantage. What Is Forex Line Trading? Forex line trading is a technical analysis method traders use to analyze and predict price movements in the forex market by observing and drawing trendlines on price charts. Trendlines are used on a price chart to connect two or more key price points, indicating the direction and momentum of a trend. This technique helps traders identify possible entry and exit points and create an effective trading strategy to maximize profits. Why Are Trendlines Important? Trendlines are vital technical analysis tools for forex traders because they provide valuable insights into market direction and strength. They are useful for determining the current trend and likely points of support and resistance. By identifying and defining trends, trendlines help you to time your entry and exit correctly, potentially increasing your gains while reducing losses. Types of Forex Trends Traders use three primary types of trends in forex trading: uptrends, downtrends and sideways trends. Uptrend: An uptrend occurs when a currency pair's price consistently rises over time, propelled by buyers. It is characterized by a clear sequence of higher highs and higher lows on the chart. Downtrend: A downtrend is the reverse of an uptrend, characterized by a currency pair's price consistently plunging, driven down by sellers. It is defined by lower lows and lower highs. Sideways trend: A market in a sideways trend or range-bound market shows the price of a pair swaying to and fro without significant price movement. As buyers take over the market and drive prices up, sellers interrupt and force prices lower, and vice versa. How to Use Trendlines for Forex Trades Trendlines are some of the most commonly used technical analysis methods in forex, but not everyone can use them correctly. To start your journey into forex line trading on the right footing, follow these essential steps. Choosing a Trading Platform Begin by selecting a suitable forex trading platform that meets your needs. When deciding, consider factors such as fees, user interface, available technical indicators, functionality and customer support. Setting up Your Forex Line Chart Configure your chart parameters by selecting the forex currency pair you wish to trade, the timeframe and the chart type (such as candlestick or line chart). Identifying Entry and Exit Points Analyze market trends using technical indicators (moving averages, RSI and MACD), trendlines and support and resistance levels to identify optimal entry and exit points for your trades. Developing a Trading Strategy Learn to handle risk and volatility by creating a personal trading plan that includes risk management techniques, position sizing and stop-loss orders. You should construct your strategy around your trading style and risk tolerance. Tips and Tricks for Forex Line Trading To use the forex line trading technique successfully, you need to stay on top of the latest economic news and market trends. Here are other tips and tricks to use the forex line trading technique like a pro. Identify the type of trend: Recognize whether the market is in an uptrend (higher lows), downtrend (lower highs) or sideways trend (ranging). Use at least two tops or bottoms to draw a valid trendline: It takes a minimum of two tops or bottoms to create a trendline, but three are required to confirm it. When a trendline is touched by highs or lows three or more times, it becomes a more reliable indicator of the trend's direction. Ensure the trendline does not cut through candlestick bodies: When drawing a trendline, make sure it connects at least two significant points without cutting through the body of a candlestick. Cutting through the body of a candlestick may indicate an invalid trendline, which makes it unreliable. Never force a trendline to fit: When drawing a trendline, you link the highs or lows in a chart to identify the direction of the trend. You must draw the trendline accurately based on the actual price points and avoid manipulating it to fit the data. You risk making poor trading decisions when using inaccurate conclusions derived from manipulated trendlines. Practice the trendline trading strategy: Refine and improve your forex line trading techniques by practicing and gaining experience. Use trendlines with other indicators: Make your trades more reliable by combining trendlines with other technical indicators and trading tools. Be cautious during forex breakouts: Breakouts occur when the price of a currency pair breaks through a trendline, either a support or resistance level. While breakouts can signal a change in market direction and provide profitable trading opportunities, they can also be risky, and it's essential to use proper risk management techniques, such as stop-losses, to avoid losses. Master Forex Line Trading and Fortify Your Trades Forex line trading is a powerful and popular technical analysis method that can lead to better trading results when executed and applied correctly. When you master forex line trading and learn how to identify market trends, you can develop a solid personalized trading strategy on your way to forex trading success. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

July 25, 2023 06:00 AM Eastern Daylight Time

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