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Hans India
19-05-2025
- Business
- Hans India
How to Customise Indicator Sets in a Trading App for Quick Decisions
Trading in forex and other markets requires quick, well-informed decisions that hinge significantly on technical analysis. Indicators are essential tools for traders, as they assist in interpreting market movements efficiently. The ability to customise these indicator sets within your trading app can drastically enhance decision-making, especially in a dynamic market environment such as India. Whether you're a novice or an experienced trader, choosing the best forex trading app is crucial for ensuring that your trading activities are streamlined and effective. Customised indicator sets enable traders to adapt swiftly to fluctuating market conditions typical of Indian forex markets. Here's how to optimise your trading app to customise indicator sets effectively and make quicker, smarter decisions. Understanding Indicator Sets and Their Importance Indicators are statistical tools integrated within trading apps that analyse historical market data such as price, volume, and open interest to predict future movements. Typical indicators like Moving Averages, Bollinger Bands, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) are crucial for assessing market trends, momentum, and volatility. In India, traders must navigate high market volatility, particularly during significant financial announcements such as RBI policy meetings or union budgets. By customising indicators tailored specifically to these conditions, traders can gain clearer insights into market direction and potential risks. Selecting Relevant Indicators for Indian Markets India's forex market has unique characteristics influenced heavily by geopolitical events, monetary policy decisions, and economic indicators like GDP, inflation rate, and employment data. Here's a simplified guide for choosing relevant indicators: Trend Indicators: Use Moving Averages or Ichimoku Clouds to identify the market direction. Use Moving Averages or Ichimoku Clouds to identify the market direction. Momentum Indicators: RSI and Stochastic Oscillators are popular in India due to their accuracy in identifying oversold or overbought conditions. RSI and Stochastic Oscillators are popular in India due to their accuracy in identifying oversold or overbought conditions. Volatility Indicators: Bollinger Bands and Average True Range (ATR) can measure volatility effectively, critical in a market that reacts strongly to global economic events. Bollinger Bands and Average True Range (ATR) can measure volatility effectively, critical in a market that reacts strongly to global economic events. Volume Indicators: Volume profiles and On-Balance Volume (OBV) are useful for determining the strength of a price movement. Steps to Customise Indicators in Your Trading App Step 1: Choose the Right Trading App Selecting the best forex trading app is the foundational step. An ideal app, such as HFM, provides comprehensive customisation capabilities, seamless navigation, and real-time data updates. Ensure your chosen platform supports extensive customisation options, suitable for quick adjustments during live trading. Step 2: Setting Up Indicator Sets Open your trading app's indicator settings, usually accessible from the chart menu. Start by adding fundamental indicators that align with your trading strategy. For instance, Indian traders typically rely heavily on RSI for momentum, Bollinger Bands for volatility, and Moving Averages for trend detection. Step 3: Adjusting Parameters Each indicator can be customised based on periods, smoothing types, or source data. Adjust the parameters to suit the pace and style of trading you're comfortable with. Indian forex traders commonly set RSI periods to 14 or 9 to capture short-term price momentum effectively. Similarly, Bollinger Bands settings can be adjusted (commonly using standard deviations of 2) to capture volatility accurately in INR currency pairs. Step 4: Creating Indicator Templates Most trading apps allow you to save customised indicator sets as templates. This is invaluable, particularly for Indian traders managing different currency pairs like USD/INR, EUR/INR, or GBP/INR, each potentially requiring different sets of indicators. Creating specific templates allows instant switching between analysis modes, significantly speeding up the decision-making process. Optimising Indicator Sets for Faster Decision Making Once your indicators are set and templates are created, optimising their visibility and arrangement becomes critical. Keep your charts clean and organised by: Displaying only essential indicators to avoid information overload. Adjusting colour schemes for quick differentiation. Setting alerts for indicator-based triggers like RSI crossing thresholds or price crossing Moving Averages. Clear visual representation helps traders react quickly during rapid market movements, a necessity in the volatile Indian trading scenario. Leveraging Customised Indicators for Trading Opportunities in India Customised indicators are especially valuable in identifying trade setups specific to India's unique market hours and trading volume peaks. Indian traders often notice volatility spikes around key market openings (e.g., the European session opening around 1:30 PM IST), making custom alerts and tailored indicators beneficial for catching swift market moves. Using your trading app's customizable features to set notifications, traders can quickly capitalise on opportunities without constant monitoring. This is particularly beneficial for traders managing forex trading alongside other commitments. Common Mistakes to Avoid When Customising Indicators Customisation should streamline your trading activities, not complicate them. Avoid these common pitfalls: Over-customising: Too many indicators or overly complex settings can lead to confusion and delayed decisions. Too many indicators or overly complex settings can lead to confusion and delayed decisions. Ignoring default settings: Trading apps offer standard indicator settings because they're proven effective; customise sparingly and with clear intent. Trading apps offer standard indicator settings because they're proven effective; customise sparingly and with clear intent. Not updating regularly: Market conditions change. Periodically review and adjust your indicators to align with current market trends. Conclusion Customised indicator sets significantly enhance your trading efficiency, especially in India's dynamic forex markets. The best forex trading app not only simplifies the process of customising indicators but also provides robust tools to leverage market opportunities effectively. By thoughtfully setting up and regularly optimising your indicator sets, you ensure quicker, smarter, and more profitable trading decisions.
IOL News
30-04-2025
- Business
- IOL News
Manage Trading Risk More Effectively with HFM's Tools
Advanced risk management tools from HFM help traders monitor their positions and better manage their trading activity. HFM Group, a regulated, award-winning online broker, HFM takes risk management seriously, providing cutting-edge technology, wide-ranging education, and advanced trading tools to clients worldwide. Their innovative solutions provide enhanced protection against unexpected market movements, offering features such as negative balance protection, customisable stop-loss and profit orders, and real-time risk analysis. With a commitment to enhancing trading experiences, HFM's risk management tools like Autochartist and advanced insights integrate seamlessly with its award-winning trading platforms, ensuring clients have the necessary equipment to trade with confidence. Forex risk management measures HFM is a fully licensed, multi-regulated global broker with more than a decade of industry experience behind it. Offering a wide range of trading instruments, cutting-edge platforms, and dedicated client support, HFM continues to empower traders worldwide with competitive trading conditions and a commitment to transparency. Client fund security has formed a key part of the broker's philosophy, alongside unmatched trading conditions and customer support. The company has put in place a variety of measures to ensure traders can negotiate the financial markets confidently, with a wide range of risk management tools at their disposal. Market leading insurance Without any additional cost to traders, HFM safeguards its liabilities against clients and other third parties with a Civil Liability insurance program. Guaranteed up to a limit of €5,000,000, it provides market-leading coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss. Accounts with major banks In line with its standing as a leading, established international broker, HFM only uses the services of reputable, major global banks. The company can provide liquidity through these partner banks, which further underlines its strong reputation and credibility within the financial industry. Strict regulatory supervision As a multi-regulated firm, HFM is obliged to meet strict financial standards, including capital adequacy requirements. The broker must submit quarterly financial reports to the regulator and ensure that it maintains sufficient liquid capital to cover all client deposits, potential currency position fluctuations, and outstanding expenses. Segregation of funds Clients' funds are received into bank accounts separate from those used by the company. These funds are off the balance sheet and cannot be used to pay back creditors in the unlikely event of a default of the Company. Negative balance protection Volatility often occurs in the market. HFM's policy of negative balance protection means that even under highly volatile conditions when margin calls and stop outs do not function correctly, no client is responsible for paying back a negative balance. Helpful trader tools The Company continually identifies, assesses, and monitors each type of risk associated with its operations. This means assessing on a continuous basis the effectiveness of the policies, arrangements, and procedures in place which allow the company to easily be able to cover its financial needs and capital requirements at any time. To help support traders in managing risk effectively, HFM provides a range of different tools, which are listed below. Risk percentage calculator : This tool allows traders to calculate their lot size by specifying the percentage of their balance they are prepared to risk. By inputting the opening and stop-loss prices, account currency, and currency pair, traders can determine the optimal position size to align with their risk tolerance. Autochartist tool : Autochartist automates the process of pattern recognition and provides real-time insights into potential trading opportunities. It includes volatility analysis and pattern quality indicators, assisting traders in evaluating the potential risk and reward associated with identified patterns. Position size calculator : This free tool enables traders to calculate the size of their positions in units and lots, facilitating accurate risk management. By determining the appropriate position size, traders can better control their exposure to market movements. Premium trader tools : HFM offers a selection of advanced trading tools, including the Trade Terminal for precision trading, Alarm Manager for automated alerts and actions, and the Correlation Matrix for assessing correlations between trading symbols. These tools provide traders with the resources needed to make informed decisions and manage risk effectively. Aside from the broad array of tools outlined above, HFM values the importance of trader education when it comes to promoting risk management. Whether they are trading through the HFM App or on desktop devices, clients can review their trades at ease. There are a whole host of different educational resources available to traders, consisting of online courses, risk management indicators, trading webinars, trading news, and market analysis. Each feature helps traders better understand market dynamics and develop effective risk management strategies as they navigate the financial markets. To find out more about HFM's full catalogue of advanced risk management tools and educational resources, please click here. About HFM
Asharq Al-Awsat
02-03-2025
- Business
- Asharq Al-Awsat
Inadequate Food Consumption Worsens in 7 Yemeni Governorates
Inadequate food consumption worsened in seven Yemeni governorates, mostly in Houthi-controlled areas, UN data revealed. The Food and Agriculture Organization (FAO) warned that the suspension of US funds for some aid organizations is likely to impact the delivery humanitarian assistance in Yemen, potentially escalating food insecurity in the coming months. Food insecurity remained alarmingly high in Yemen, reflecting a minimal increase of about 1% in January compared to December 2024 levels, the UN agency said in its High-Frequency Monitoring (HFM) Snapshot. 'Food insecurity remained alarmingly high in both areas under the control of the legitimate government Yemen and in Houthi-controlled areas, with inadequate food consumption scores of 53% and 43.7%, respectively,' it added. Compared to last month, inadequate food consumption worsened in seven governorates. Five of them, Al Jawf, Hajjah, Hodeidah, Sanaa and Amran, are under the control of the Iran-backed Houthi militias, in addition to the governorate of Maarib, which is partly controlled by the militias. Only Lahj is under the control of the legitimate government. The FAO report also showed that among the food insecure population, approximately 20% experienced severe food deprivation, measured by poor food consumption score, with 24% in government areas, which is a 2% increase from the previous month. In Houthi-controlled areas, severe food deprivation remained steady at 19%. It said food insecurity is projected to likely worsen in February, coinciding with the peak of the lean season and worsening economic crisis marked by depreciating local currency and increasing food prices in areas under the control of the legitimate government. Suspension of US aid FAO expected that the suspension of USAID funds for some aid organizations is likely to impact the delivery humanitarian assistance in Yemen, potentially escalating food insecurity in the coming months. Before the Trump administration said it is eliminating more than 90% of its USAID foreign assistance, Washington had announced in mid 2024 it is providing nearly $220 million in additional humanitarian aid to help the people of Yemen, including nearly $200 million through USAID and nearly $20 million through the Department of State. The humanitarian assistance brought the US total assistance to the humanitarian response in Yemen to nearly $5.9 billion since the conflict began in September 2014. The US State Department said these additional funds will support humanitarian partners to continue to reach millions of vulnerable Yemenis, as well as refugees and asylum seekers in Yemen, with treatment of malnutrition, support primary healthcare, safe drinking water, gender-based violence care and psychosocial support for crisis-affected populations. Maternal deaths Other data released by the UN Population Fund (UNPF) said that Yemen still has one of the highest maternal mortality rates in the region, at 183 maternal deaths per 100,000 live births. Some 40% of health facilities are partially functioning or completely out of service because of shortages in staff, funds, electricity, medicine and equipment, leaving millions without adequate care. UN research showed that midwives could avert around two thirds of all maternal and newborn deaths and stillbirths globally, and deliver some 90% of all essential sexual, reproductive, maternal and newborn health services. Yet the profession has for too long been marginalized within health systems, an imbalance UNFPA is working to rectify by investing in midwifery training and deployment to reach more women and save more lives, quickly and at scale. In 2020, with funding from the European Union, UNFPA established a series of three-year training programs at seven institutes in remote and hard-to-access areas, where rates of maternal and newborn deaths in Yemen are the highest. As a result, the Fund said over 400,000 women benefitted recently from the programs, of whom more than 50,000 had safe home deliveries with community midwives, and more than 77,000 received family planning services.
