Posts Tagged ‘Bforex’

Currency Trading with the BForex iPhone App

October 23, 2015

Pablo Soria de Lachica has spent more than seven years with BForex, Ltd., in the position of director of business development. With the help and guidance of Pablo Soria de Lachica, BForex has introduced a number of new tools for investors, including a unique iPhone trading app.

BForex clients using the company’s new iPhone application enjoy a number of benefits, specifically, the ability to use the advanced, foreign exchange trading platform PROfit while on the go. BForex clients on the iPhone can monitor their trade accounts, review live quotes on multiple currencies, and manage their positions on potential trades at any time.

Registered BForex users can download the app from the Apple App Store free of charge. The app, which also provides users with up-to-date financial news and information, can be used on additional Apple devices, such as the iPad. BForex customers can receive app support by emailing or calling the company or by using the app’s live chat feature. To learn more about the BForex trading app, visit http://www.bforex.com.

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Making Wise Investments

May 14, 2015

Pablo Soria de Lachica joined the BForex currency trading firm as director of business in 2008. Before joining the company, he earned his degree from Unitec in Mexico, where he focused on market research, market analysis, and other topics related to investment. Pablo Soria de Lachica complements his master of business administration (MBA) with years of practical experience in software development and investing.

The wisest investment advice available to investors of all skill levels is to invest in markets they understand and follow. However, a number of other tips can enhance that golden rule. For instance, those who invest in a mutual fund should invest according to a schedule: by investing at the same time each month, investors acquire more shares for less money rather than doing so during a flux period when shares have spiked in cost.

As important as it is for investors to stick to markets they know, they should set aside splurge money to capitalize on next-big-thing trends. Investors should allocate 5 to 10 percent of their portfolio for those can’t-miss investment opportunities—just enough to build on the investment later should it take off, yet not so much that their portfolio will suffer should it bottom out instead.

Finally, investors should set aside one day every year for rebalancing, pulling back on investments that have not produced much gain and investing more in ones that have shown growth.

The Importance of Market Sentiment: Bear and Bull Markets

April 27, 2015

Pablo Soria de Lachica leads the development of innovative online trading tools as director of business development for Bforex, a currency trading firm with more than a dozen offices spanning the globe, including branches in Uruguay, Brazil, and Mexico. The recipient of several company awards including Best Worker, Best Moderator, and Best Director in the Bforex Latin America division, Pablo Soria de Lachica facilitates the delivery of convenient trade platforms that aid both trade execution and market analysis for both experienced and novice traders.

An understanding of investor sentiment can aid foreign exchange trading activities, allowing traders to detect, or even predict, global investment trends. Traders across various investment sectors often characterize markets as having either a “bull” or “bear” sentiment. Marked by optimism and confidence, a bull sentiment characterizes a market that is experiencing significant momentum and investor optimism. Oftentimes, a bull sentiment occurs due to existing positive trends in a given market. When investors expect the value of currencies or assets to increase or continue to increase, they often react by rushing into a particular investment, generating upward momentum.

In contrast, traders refer to a market as having a bear sentiment during periods of investor pessimism, which is often self-sustaining. As investors predict losses caused by a prevailing bear sentiment, they further bolster negative investor sentiment. Unlike a correction, which is a downward market trend lasting two months or less, a bear market is a long-term trend that poses significantly more risks.

Secretos de Inversores Exitosos

December 13, 2014

Pablo Soria de Lachica estudió en Unitec en México, donde obtuvo su Maestría en Administración de Empresas (MBA). Se unió a BForex, una firma de comercio de divisas, en 2008. Ejerciendo el cargo de Director de Desarrollo de Negocios, utiliza una amplia gama de habilidades orientadas a la inversión, tales como análisis de mercado. También aplica conocimientos tecnológicos para guiar a su equipo en el desarrollo de herramientas de software para inversores.

Pablo Soria de Lachica completa sus responsabilidades gestionando las funciones y operaciones diarias de la empresa. El uso de estrategias ensayadas y comprobadas de inversión, tales como la diversificación de las carteras en caso de falla de una inversión, es la forma más segura de salir adelante en el mundo de alto riesgo de las finanzas. Sin embargo, muchos inversionistas han logrado el éxito indo en contra. Por ejemplo, algunos han construido sus carteras mediante la concentración en algunas acciones de industrias similares. Inversores que siguen a su mercado de cerca y comprenden las complejidades de sus pocas acciones pueden tener éxito de ese manera.

Además, muchos tienen prisa de invertir en tendencias más recientes y más destacadas,  como modernos dispositivos electrónicos. En lugar de hacer eso, inversores inteligentes consideran los números, utilizando estudios de mercado y siguiendo las estadísticas antes de dar el paso. También utilizan esa disciplina para elaborar un sistema que les ayude a tomar decisiones informadas sobre cuándo vender. Por ejemplo, algunos inversionistas venden cuando una acción cae un 20 por ciento con respecto a su cotización record.

 

Pablo Soria de Lachica: Los Brokers y el Deber de Mejor Ejecución

September 22, 2014

Bforex, premiada firma de comercio de divisas extranjeras, se beneficia de la experiencia altamente especializada de su Director de Desarrollo de Negocios, Pablo Soria de Lachica . Al supervisar diariamente la gestión y las operaciones de la empresa, Pablo Soria de Lachica ha sido instrumental en el desarrollo de programas dedicados a la excelencia en tecnología, en la oferta de recursos y programas de formación completos para los operadores, y el servicio permanente de  asistencia al cliente.

Los agentes estan legalmente obligado a encontrar la mejor ejecución posible para los pedido de sus clientes en cualquier momento dado, y en cualquier condición de mercado. Esto significa que los agentes deben evaluar los pedidos y determinar qué mercado ofrece las condiciones comerciales más favorables. Se consideran las redes electrónicas de comunicación, los mercados y los creadores de mercado antes de tomar esta decisión importante y de carácter particularmente urgente. El corredor debe evaluar las oportunidades para una mejora de los precios, que es la oportunidad de ejecutar su pedido a un precio mejor que el actualmente anunciado.

El agente utiliza la información sobre los mercados, como la probabilidad y la velocidad de ejecución, para tomar la mejor decisión posible en ese momento. No hay ninguna garantía de que se logrará una mejora de precios. Los agentes deben informar el enrutamiento  de pedidos de clientes a la Comisión de Bolsa y Valores en forma trimestral, y se requiere que los mercados reporten la calidad de ejecución sobre una base mensual.

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 www.bforex.com.

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 www.bforex.com 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!