SYS-CON MEDIA Authors: Pat Romanski, Yeshim Deniz, Janakiram MSV, Liz McMillan, Elizabeth White

News Feed Item

Forex Peace Army President Dmitri Chavkerov Believes That Focusing on Technical Indicators Clutters a Trader's Perspective and Negatively Affects Profitability

NORTH PORT, Fla., March 11, 2014 /PRNewswire/ -- Forex Peace Army CEO Dmitri Chavkerov believes that traders should concentrate more on effective trading plan, rooted in fundamental analysis, rather than putting too much stress over technical indicators. Dmitri Chavkerov is a popular name in the forex trading space.  Chavkerov has been a pioneer in the foreign exchange space for the past several years. Forex Peace Army, the brainchild of Dmitri Chavkerov, is a trusted online forex trading portal that helps traders from all over the world achieve success in their trading efforts.

Photo - http://photos.prnewswire.com/prnh/20140311/PH80222LOGO-a 

Photo - http://photos.prnewswire.com/prnh/20140311/PH80222-b

According to Dmitri Chavkerov, it is important for a trader to know priorities and proper strategies in forex trading in order to attain success in the space. He believes that there are many distractions and wrongful directions that could bring down the efficiency of the traders. Traders need to focus on improving the chances of profit by employing calculated strategies rather than resorting to technical indicators that always lag and are always out of touch with reality.

"The less focused a person becomes on significant points of trading by being more focused on some technical indicators, the less successful he will become, because he is cluttering his perspective with less important things. I think this is the essence of a good trading strategy," says Dmitri Chavkerov of Forex Peace Army.

Dmitri Chavkerov advises traders to rely upon important trading points like important news events, such as interest rate statements, employment reports, inflation readings, and support and resistance in order to gain success in trading. Support and Resistance are often mistaken to be technical in nature but they are not. These are two of the most significant and reliable trading indicators that can be used by traders to gain a holding in the highly volatile trading space.

"Support and resistance price points are by far the most reliable and most fundamental factors that one can use to profit in any speculative market. Even when trading the news, these points are crucially important. These support and resistance points have nothing to do with any technical indicator, but they are enough to make a fortune on the individual stocks. In fact, the less focused a person becomes on these points by being more focused on some technical indicators, the less successful he will become, because he is cluttering his perspective with less important things," says Dmitri Chavkerov, CEO of Forex Peace Army.

"I know many people nowadays that are trying to trade using automated forex robots. The reason I know this is because 25% of our entire website traffic is from pages where we do live tests of forex robots. I personally do not use forex robots, but I can say with certainty that any robot will eventually blow your account. It may happen in a month, it may happen in a year, or it may happen in 5 years, but eventually it will happen. But this does not mean that you can't make a bunch of money with it," says Dmitri Chavkerov, Chief of Forex Peace Army.

"Eventually every robot will blow the account. Yes, sometimes the robot will blow your account, before you can get your investment back, other times it will blow your account on the second double-run, so you simply got your money back, and made nothing, yet some other times, it will double your account several times before blowing up. I don't know almost anything about the forex robots business, but going from a purely logical standpoint, I think it's a viable business model, if you have proper money management system in place,"

Dmitri Chavkerov states that those who wish to use forex robots needs to have proper money management plan to get the best out of it.

"If I were to use forex robots to trade my account, here is a money management plan that I would use. Let's say I had $10,000 on my account. I would first double it to $20,000, and as soon as it happened, I would withdraw $10,000, this way I got my money back. Then I would keep doubling this no risk $10,000 account, and keep withdrawing half. So $10K to $20K, withdraw $5K, then $15K to $30K, withdraw $7.5K, $30K to $60K, withdraw $15K, $45K to $90K, withdraw $22.5K," says Dmitri Chavkerov President of Forex Peace Army.

Forex Peace Army is a well-known forex trading platform that provides traders with reliable strategies and techniques. Forex Peace Army has been functioning actively for the past 8 years.

SOURCE Forex Peace Army

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Because Linkerd is a transparent proxy that runs alongside your application, there are no code changes required. It even comes with Prometheus to store the metrics for you and pre-built Grafana dashboards to show exactly what is important for your services - success rate, latency, and throughput. In this session, we'll explain what Linkerd provides for you, demo the installation of Linkerd on Kubernetes and debug a real world problem. We will also dig into what functionality you can build on ...
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, John Jelinek IV, a web developer at Linux Academy, will discuss why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers...
Serverless applications increase developer productivity and time to market, by freeing engineers from spending time on infrastructure provisioning, configuration and management. Serverless also simplifies Operations and reduces cost - as the Kubernetes container infrastructure required to run these applications is automatically spun up and scaled precisely with the workload, to optimally handle all runtime requests. Recent advances in open source technology now allow organizations to run Serv...
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
Here to help unpack insights into the new era of using containers to gain ease with multi-cloud deployments are our panelists: Matt Baldwin, Founder and CEO at StackPointCloud, based in Seattle; Nic Jackson, Developer Advocate at HashiCorp, based in San Francisco, and Reynold Harbin, Director of Product Marketing at DigitalOcean, based in New York. The discussion is moderated by Dana Gardner, principal analyst at Interarbor Solutions.
Today most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes significant work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reducti...
"There is a huge interest in Kubernetes. People are now starting to use Kubernetes and implement it," stated Sebastian Scheele, co-founder of Loodse, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
GCP Marketplace is based on a multi-cloud and hybrid-first philosophy, focused on giving Google Cloud partners and enterprise customers flexibility without lock-in. It also helps customers innovate by easily adopting new technologies from ISV partners, such as commercial Kubernetes applications, and allows companies to oversee the full lifecycle of a solution, from discovery through management.
Public clouds dominate IT conversations but the next phase of cloud evolutions are "multi" hybrid cloud environments. The winners in the cloud services industry will be those organizations that understand how to leverage these technologies as complete service solutions for specific customer verticals. In turn, both business and IT actors throughout the enterprise will need to increase their engagement with multi-cloud deployments today while planning a technology strategy that will constitute a ...
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
Using serverless computing has a number of obvious benefits over traditional application infrastructure - you pay only for what you use, scale up or down immediately to match supply with demand, and avoid operating any server infrastructure at all. However, implementing maintainable and scalable applications using serverless computing services like AWS Lambda poses a number of challenges. The absence of long-lived, user-managed servers means that states cannot be maintained by the service. Lo...