Archive for the 'Uncategorized' Category

Análisis Técnico del Mercado Forex Explicado Por Pablo Soria de Lachica

April 16, 2014

En el área del comercio de divisas (Forex), el análisis técnico consiste en el estudio del movimiento de precios en el mercado. Mediante el uso de los gráficos de precios, los comerciantes pueden evitar la práctica costosa y complicada del análisis de datos, apoyándose en la observación mucho más simple del movimiento de los precios para efectuar predicciones de mercado.

La idea detrás del concepto es que las numerosas variables del mercado se encuentran todas reflejadas en el comportamiento de los precios, haciendo con que el gráfico de precios sea la única herramienta necesaria para el análisis y el comercio en Forex.

El análisis técnico conduce a la identificación de patrones repetidos en un gráfico de precios, lo que puede conducir al desarrollo de trading edges y otras ventajas.

Encontrar tendencias de precios y otros métodos de ” leer ” el flujo del mercado es a estrategia fundamental y central del arte del análisis técnico.

Sobre el Autor: Pablo Soria de Lachica se graduó del programa de Administración de Empresas en la Universidad Tecnológica de México, abriendo la puerta de su carrera en las operaciones de cambio y su posición actual como Director de Desarrollo de Negocio para Bforex Ltd , donde supervisa todas las operaciones de trading.

PROfit para iPhone por Pablo Soria de Lachica

April 2, 2014

Profit para iPhone ofrece a los clientes una versión móvil de la plataforma, lo que les permite estar conectados a sus inversiones fuera de su computadora personal. Los operadores tienen acceso a cotizaciones en tiempo real y gráficos interceptables , y pueden utilizar su teléfono móvil para colocar operaciones.Compatible con el iPhone y el iPad , los usuarios pueden acceder a sus cuentas, que está sincronizada con las informaciones de la versión del ordenador .La aplicación se accede directamente desde la página web de Bforex , y proporciona el acceso inmediato a la ejecución de operaciones.

Una vez instalado, la pantalla principal de la aplicación incluye cotizaciones.La vista de pantalla completa se proporciona en la posición vertical del iPhone y la pantalla de cotizaciones puede ser personalizada para mostrar los activos correspondientes a cada individuo. Los usuarios pueden navegar fácilmente para hacer operaciones, ver a sus carteras , y leer las noticias financieras .Un menú de ayuda también se puede acceder para responder a cualquier pregunta.

Sobre el autor: Pablo Soria de Lachica es Director de Desarrollo de Negocios de Bforex . Está a cargo de la creación de numerosos instrumentos de inversión utilizados en la comercialización de divisas , incluido PROfit y MetaTrader 4.

Bforex Trading Academy: An Introduction to Moving Averages

May 18, 2011

Bforex Director of Business Development Pablo Soria De Lachica provides an introduction to the concept of moving averages, one of the foundational tenets of technical analysis.

The moving average is a commonly-used indicator of the momentum behind the price movement of a security or currency. Day-to-day price changes can be erratic, and moving averages aid in removing some of the noise from price changes so that traders can make more intelligent trading decisions.

To create a moving average, the trader takes the average closing price of the currency under consideration over a set period of time. For instance, a 15-day moving average looks at the average price over the last 15 days. This average is then placed on a chart. The following day, the process is repeated, dropping the last day (now the 16th day) and averaging the most recent 15 days. The result is a chart that shows a much more gradual change in direction.

Moving averages are often employed in combination. For instance, a 15-day moving average may be compared to a 60-day moving average, which changes much more gradually. The advantage of using these two averages together is that they can provide an indication of a change of sentiment on the currency.

A single moving average goes up or down according to the combined opinion of all traders who have purchased or sold the currency. When the currency moves in a single direction, one moving average on its own provides sufficient information. However, say a 15-day moving average is trending upward but then starts to move downward. Traders want some indication as to whether this signifies a temporary anomaly or a long-term change of direction. Simply eyeballing the curve of the line is no better than guessing, so traders compare the 15-day average to another, such as the 60-day average. If the two lines cross, this is generally understood to signify a large-scale change in sentiment.

There are many variations on the moving average. Some traders use a weighted moving average, which provides greater emphasis to the most recent price activity, since this activity is most important in affecting the currency’s price. Other traders employ exponential moving averages in order to iron out anomalies. Moving averages may also be combined with other indicators in order to develop sophisticated analytical techniques based on support and resistance levels.

The Basic Forex Trading Glossary, Part Two

April 20, 2011
by Pablo Soria De Lachica, Bforex’s Director of Business Development

The Basic Forex Trading Glossary, Part One here

Bid: The price at which a trader can sell a currency pair, or place an order to buy a currency pair. Some may refer to the bid as the “bid price” or “bid rate.”

Buy Limit Order: An order to complete a specified transaction at a given maximum price or lower. The limit refers to the quoted maximum price.

Buy Order: A demand to buy a currency or asset at its current market value. A buy order indicates that the investor wants to make a purchase immediately.

Cable: Slang for the exchange rate between the British pound and the United States dollar.

CFD (Contract for Differences): An arrangement through which the investor receives cash payments for differences in settlement rather than the actual asset. CFDs permit an individual to take part in equity and commodity markets without actually owning assets. Investors may trade CFDs at any point, unlike futures, which have a fixed trading date.

Day Order: An order to buy or sell that expires at the end of the trading day during which it was placed.

Discretionary Account: An account owned by a consumer but operated, according to predetermined rules, by a larger trading institution on the consumer’s behalf.

Dovish: An adjective denoting a passive, laissez-faire attitude toward inflation. Dovish policy makers and banks promote growth through low interest rates, believing this spurs consumer spending and drives the economy.

GTC: An order to complete a transaction that stands until fulfilled or retracted. GTC stands for Good ’Til Canceled. The order may remain in effect anywhere between 30 and 90 days, depending on the institution.

Hawkish: An adjective that refers to individuals and institutions who fight inflation. Hawkish banks and policy makers track inflation rates across a number of indexes and tweak interest rates to counteract them. When individuals become anxious about raising prices, hawkish banks hike their interest rates in response.

Pip: The basic increment of change in price for a foreign currency. Pip denotes the smallest increment allowable—1/100 of 1%— whether a decrease or increase in price.

Short-term Sentiment: Tracking changes in the daily and hourly market for quick, albeit small, turnaround opportunities.

Long-term Sentiment: Examining factors that will affect the world’s economy weeks, months, or even years in the future. Those trading with a long-term sentiment wish to invest now for a large payoff later.

To learn more about forex trading terms, visit

Candlestick Charts as a Critical Step Towards Forex Trading Success.

March 31, 2011

by Pablo Soria de Lachica

Candlestick charts show price fluctuations for stocks, currencies, and commodities over time. This chart shows the gold price relative to the U.S. dollar from 1968 to 2008.

Source: Produced from the London Bullion Market Association Gold Fixing. Posted at Wikimedia Commons.

Bforex provides dedicated forex trading solutions, allowing timely and informed speculation on international currency movement. When trying to understand forex trends and make educated currency trades, it pays to understand candlestick charts. First employed in medieval Japan as a way of quantifying and predicting rice price fluctuations, candlestick charts have become the predominant indicator of stock, commodity, and currency performance among brokers and investors.

Candlestick charts superficially resemble bar charts in that they record high and low valuations over a given period. Additionally, they provide indicators of underlying currency strength through color, length of wick, and body size. The wicks of each candle are the single lines extending beyond the larger bars on either end, indicating the highest and lowest prices within a period. The top and bottom of the bars reflect the actual opening and closing prices. By showing the fluctuations within the given period, the candles accurately reflect the battle between traders hedging for or against a particular currency. The color of each bar is either green or red, with green representing a higher close from the opening price and red indicating a lower close from opening. The doji is a unique candle that has no body, and simply shows two wicks meeting each other at a cross line. The doji represents a scenario where the closing price is the same as the opening price, with price fluctuations throughout the day represented through the wicks as usual.

The candles within a chart are flexible; they can be calibrated to time frames as short as a minute or as long as a month. Naturally, swing traders tend to study charts with shorter time intervals and long-term traders focus on charts with longer intervals. In fully understanding both the macro and micro trends of a currency, it is often useful to study candlestick charts that plot the same currency over different time intervals. The Bforex Forex Academy at details a sophisticated multiple timeframe trading system that allows traders to avoid random trading in both directions in once, which will inevitably lead to a high incidence of false trades.

Bforex – A Forex Primer

March 14, 2011

As an award-winning foreign exchange broker, Bforex maintains an intimate first-hand knowledge of the foreign exchange (forex) trading market. As Director of Business Development at Bforex, Pablo Soria De Lachica oversees international currency trading operations, and answers the following questions about forex trading for beginners.
Question: Can you briefly explain the foreign exchange market?

Pablo Soria De Lachica: Currency exchange rates fluctuate regularly. In the foreign exchange market, traders buy and sell the currencies of different countries in order to capitalize on those fluctuations and make money.

Question: How does one make money on the foreign exchange market?

Pablo Soria De Lachica: Traders employ multiple strategies to make money from the forex market. At its heart, financial gains on the foreign exchange mirror any other wealth-building initiative: buy low and sell high. When traders purchase a certain currency on the foreign exchange, they do so in anticipation that the value of that currency will rise compared to the currency that they traded for it.
Question: Can you explain exchange pairs?

Pablo Soria De Lachica: The term “exchange pairs” refers to the two types of currency you are trading. For instance, if you have American dollars (USD), and you purchase Euros (EUR), then your exchange pair is EUR/USD. Exchange pairs are always expressed as BUY/SELL.

Question: Can you explain the concept of over the counter (OTC) trading?

Pablo Soria De Lachica: The foreign exchange is an OTC market because traders make direct trades via the telephone or computer. The stock market, which is not an OTC market, makes all trades on the floor of exchanges like the New York Stock Exchange.

Question: How can one start forex trading?

Pablo Soria De Lachica: Individuals who wish to start forex trading need to find a broker, such as Bforex. One of the nice things about the Bforex brokerage is that we offer practice accounts that can help new traders learn the ins and outs of the market without financial risk. Use the information and analysis tools available, and learn what affects the value of currencies. Once you have educated yourself, determine your initial buy-in and begin trading.

Pablo Soria De Lachica

September 17, 2010

Hello and welcome to my blog! Enjoy!