Monthly Digest
No. 2-24
Welcome to the web based version of the monthly digest. We felt it was easier to just place it on the website after receiving so many requests via email. That being the case, we’ll jump right into it with an image of the VIX over the month of February. At present, it’s virtually a carbon copy of January. Expected volatility is above our “8” benchmark level, so we’re still in good trading territory. If you’re just starting out, it’s a good time to get your feet wet. If you’re an old hand, keep the pressure on.
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The survey is still on the site and active, so if you’ve taken it — thank you. If you would like to add your two bits, then please…by all means, have at it. There is a thumbnail on the home page of the Stonehill Forex Website for your convenience.
Check out our videos, and be sure you watch the following two first, if you’re new. Click on the YouTube image above to be taken to our channel.
Stonehill Forex — Who we are: This is the video that explains who Stonehill Forex is, what our objectives are, and how we can help you become a better and more profitable trader. We highlight the advance course — the only licensed and endorsed course by VP of NNFX, which takes over 220 videos and many hours of material (about 80) and condenses it in to a 10-hour streamlined course. See what each course module is, and when you’re ready, read about them on the website.
Automation: In this video, we explain how you can back test using the MT4 strategy tester. This video was part of VP’s automation blog/video (which he mentions in each of our indicator profile collaborative videos) from September 2021.
Below are recent blog & video additions to the site.
Triangle Moving Average Generalized: This BASELINE indicator is predicated on the strongest geometric shape; the triangle. We go through the history and math to describe why this indicator should find its way into your toolbox. Not all baselines are alike. Take a peek and see what you think; HERE.
Dorsey Inertia: A Based on work going all the way back to Galileo and Newton, this CONFIRMATION indicator has some pretty deep math history. See how this smooth slow moving C2 does on the chart, check out the specs and consider testing it for yourself. You can read more about it; HERE.
Elegant Oscillator: Another great idea from the mind of John Ehlers, he takes something old, gives it a bit of a twist and out pops something better. A CONFIRMATION indicator based on the concept that price returns to “normal,” he adds filters to give us another tool to experiment with. As a bonus, we also include how to turn an oscillating indicator into a two lines cross. Don’t miss it, you can read all about it; HERE.
Hull Moving Average: We decided to revisit our first indicator blog we published and updated it with more facts, history and even did a little “extra” on the testing side. See how this BASELINE from Alan Hull does and how we recommend using it in conjunction with a second indicator in both the blog and video. Great stuff. You can read more on it; HERE.
Blueberry Marketing Sign-up Bonus
Blueberry Markets is now offering new accounts a 100% increase in the sign-on bonus from last year. What this means is that they will now add 20% (up from 10%) to our initial deposit, up to $2,000. Meaning, you don’t have to deposit $20k to reap the full reward…check it out!
$2,000 deposit + 20% = $2,400 ($400 free margin)
$5,000 deposit + 20% = $6,000 ($1,000 free margin)
$8,000 deposit + 20% = $9,600 ($1,600 free margin)
$10,000 deposit + 20% = $12,000 ($2,000 free margin)
You must use the portal links on the website to access the landing page in order to reap the bonus. There is a link for both MT4 and MT5. Both platforms are supported, and the bonus is good for either one. If you have any questions about this offer or how to go about signing up, drop us a line at day@stonehillforex.com. The link to take you directly to the page on our website when you’re ready to sign up is: HERE!
This Month’s Topic
How much time is needed to start trading Forex?
(Technical)
This is a question we get all the time. It’s a basic, but fair question. Forex trading, like anything, requires time, effort, and proficiency to be profitable. There is no guarantee a trader will make money, and the amount of time needed to become profitable can vary widely depending on a number of factors, such as skill, strategy, risk, market conditions, and disposable income.
It’s important to note that Forex trading is not a get-rich-quick scheme, is not like trading stocks, and it’s not a suitable investment option for everyone. In fact, the vast majority of Forex traders lose money, and only a small percentage of traders are consistently profitable over the long term.
Some traders may be able to make money from Forex trading relatively quickly, while others may need months or even years of practice and experience to become profitable. We strongly recommend that new traders start with a demo account to practice their skills and develop a trading strategy before risking real money in the market.
Our advice is to demo (or paper trade) for a minimum of six months to a year. When you can beat the S&P average of 12% ROI/year, then you stand a better chance of making money. Also, without strong trading psychology, tight money management, and a technical trading plan, the prospect of making money is considerably more difficult. We have some great reference material on the site in the blog section, where you can get free help.
And of course, when you’re ready to make a serious commitment, the Stonehill Forex Advanced Course will lead you step-by-step to drastically increasing your odds of breaking free of the 99% to become a profitable trader. After all, what value do you place on your time — a non-renewal resource? Having personally spent a long time learning the craft without a legitimate education and support system was time which can never be recaptured. It’s all a matter of perspective. Never stop asking yourself; “What is my time worth?”