Forex Trading Money Making | Silver | Power signal #2

Welcome back, traders and true believers of Forex Trading.

Welcome to the McDuck trading family.

In our previous post, we traded the United States Dollar / Swiss Franc Forex pair with a Tools Trades signal, if you missed it, make sure to check it out!

Today we are going to trade something different, we are not going to be trading a currency Forex pair but a commodity - Silver.

For our trading platform, we are going to be using IQ Option once again, they have never disappointed us in the past and thus I am very confident when trading with them.

I was doing research for some of the trades I was considering to enter when I received a notification from Tools Trades website. To my surprise, I found out that a Power signal is available.

It is been a long time since I have traded commodities, as my focus for quite some time was on currency trading. Considering that Tools Trades trading signals were reliable in the past, I decided to take them up on this amazing opportunity and enter the trade.

As you can see above, each Power signal contains an ID as they are all logged separately and created after extensive research and calculations, performed by the AI (Artificial Intelligence) system that is constantly improving.

Let me remind you that the Power signals are not available on-demand, they are time-limited and they are offered once the AI system deems that a good opportunity has arisen.

Besides that, they provide you with familiar information like the regular signals and by that I mean the Take Profit and Stop Loss values, that you will need to make sure that your trading experience goes smooth.

Now that we are all set it is time to take a look at the Technical analysis and see if the Tools Trades signal has pointed us in the right direction.

At the moment things are looking good, the summary is pointing us in a buying position which is in tune with the information provided by the Tools Trades Power signal.

Oscillators are pointing us in a buying position as well, however, they are once again barely tied for it. Moving Averages are heavily favouring the buying position, with little to no indicators saying otherwise, which is enough to form a strong buy position.

We should, however, take a look at the Oscillators and Moving Averages in both reductionistic and holistic manner.

Oscillating indicators, often referred to as 'oscillators,' are indicators that differ between two points on a graph, typically to indicate whether assets are overbought or oversold.

Usually, oscillators are plotted on histogram graphs and referred to as either "centered" or "no-limit" oscillators, where a trend line passes below and above a center line, or "banded" oscillators, where the line passes between bands indicating severe price levels.

Moving Averages is a simple, technical analytical method is the moving average. Usually, moving averages are calculated to define a stock's trend path or to assess its rate of support and resistance. It is a measure of trend-following or lagging since it is focused on past prices.

For the moving average, the longer the time span, the greater the lag. So, since it incorporates rates for the past 200 days, a 200-day moving average would have a much greater degree of lag than a 20-day MA.

The 50-day and 200-day moving average figures for assets are commonly tracked by investors and traders and are considered to be significant trading signals.

Don't forget to use the promo code #SHIVINVEST when you sign up for a Tools Trades account in order to receive additional free trading signals.

Let's see if we can find some more information from the chart below.

We entered the trade at the point which is far left on the chart. As you can see, there are heavy levels of resistance throughout the chart, however, after a certain point, the value kept going in the direction we were hoping for it to go.

Going with the buying position was without a doubt the best possible move and combined with the patience that was essential for this trade, we were able to ride out the bullish trend that has eventually formed.

We had confidence in this trade for a multitude of reasons, starting from the research we did, that pointed us in the buying position, following the credibility that Tools Trades and their trading signals have along with the trusty broker.

It all paid off in the end because we were able to make 16.099.00$ on a single trade, using the Power signal from Tools Trades!

That is everything for today, feel free to check out the video below on this topic, stay safe and I will see you soon with more tips and tricks, trading signals and guidelines for Forex trading!

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