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Finance, Technology, Web Tools

Understanding The Pivot Point Indicator

Understanding The Pivot Point Indicator

Pivot Point Indicator

 

Have you ever wished you could predict the future? Wished you could know if you need bother with the heavy coat for the cold? Are you in the stock market, and do you have a knack for organization and wish to predict and plan for your stocks in the next trading period? I am sure you have.

In the stock market, a good trade based on reliable future predictions determines the next multi-billionaire and the next person whose stocks crumble. This is why the pivot point indicator was created.

The Pivot Point Indicator.

Between two trading periods, a lot of changes can occur. These changes may be caused by a variation in the trade regulations and taxes, the entry of a bigger player in the industry or even a change in the government of the country.

The pivot point is a price that is used to indicate the direction that the market might be headed to. The pivot point takes a number of factors into account including the performance of the market during the previous trading period, the political changes and the trading policies that have been changed. This price is calculated as an average of every significant price during the previous trading period.

If the trading price is higher than the price during the previous trading period, it is evaluated as bullish, and if it is lower than the previous period, it is referred to as bearish. To account for these variations when calculating the pivot point, an expected price differential is indicated. These price differentials are indicated either below or above the pivot point and are referred to as either support or differentials. Supports are differentials above the pivot point while resistance is a differential below the pivot point.

There are different methods that are applied in the calculation of the pivot point.

Installing the Pivot Point Indicator on MT4.

The Meta Trader 4 is a trading platform that is used by most online traders and brokers. While using the MT4, it is best if you have a predictor for your prices, and the Pivot Point Indicator is a good choice.

Installing it is easy as all you need is to download the Pivot Point Indicator. Afterward, locate the Pivot Point Indicator files then open the folder indicated as “Data” on your MT4. Follow the succeeding instructions to finish the installation, and the chart will appear on your MT4.

Calculating Pivot Points.

Now that you have downloaded and installed the Pivot Point Indicator, you have to calculate the most accurate pivot point. A number of methods are used when calculating pivot points, but the most used method Five Point System. Calculating the pivot points using this system requires the highs and lows of the previous day in addition to two support and two resistance levels.

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There are markets that run through 24 hours, like the New York Stock Exchange, while other markets have a closing time. The pivot points in a 24-hour market are calculated at 4 pm EST, while for the other markets, the pivot points are calculated at the time the market closes.

There are three types of pivot points:

a)        Fibonacci Pivot Point

Using this method, you first calculate the pivot point, just like when using the standard method. The range from the previous day is then multiplied by the by the Fibonacci level.

b)       Camarilla Pivot Point

When calculating using this method, the previous day’s range is used to calculate the day’s support and resistance. Using this method, you are expected to calculate 4 resistance and 4 support levels, which are then multiplied by a multiplier.

c)        Woodie Pivot Point

This method of calculation is different from the standard method. The resistance and support levels are calculated using the difference from the previous day’s high and lows.

How to Identify the Support and Resistance Levels.

Support and resistance levels are very important while determining the pivot point. They give the range within which you should trade at to maintain your profits or to make a breakthrough. Identifying the most accurate support and resistance levels is therefore very important. You can identify them using the following methods:

a)        Psychology

Humans are simple breathing beings, and for this reason, they try simplifying everything, numbers included. When calculating the pivot point, you can use human psychology to do it. For example, if the prediction given is 1.5722, most traders would round it off to 1.5700 while a prediction of 1.5773 would probably be rounded off to 1.5800. You can use these two levels as your support and resistance levels. The number of zeros indicated would increase depending on how powerful the psych levels are.

b)       High and Lows

Previous trades are very useful in the calculation of pivot points, and the support and resistance can also be estimated using these trades. There are some levels in the past that the prices have been unable to go beyond, and you can use this as your support. We also have some low levels that the market prices haven’t gotten to, and these prices can be used as the resistance levels. This is a tedious process, considering the fact that you will have to go through every trade done previously. However, its predictability is very accurate.

c)        Pivot Points

The third and most common method that is used in determining the resistance and support levels is the pivot points method. This method uses the previous’ day highs and lows, and these highs and lows are used as the support and resistance levels of the day’s trading. Different trading periods are used, but the most common one is the daily period.

[Investopedia: How To Convert Value At Risk To Different Time Periods]

Benefits of Using The Pivot Point Indicator

a)        Pivot points give us a general direction of the market, hence indicating how we should trade. For example, if the prevailing market price is above the pivot, it indicates bullishness, and if it is below the pivot, it indicates bearishness.

b)       The pivot point ensures that you don’t lose your way when determining the target. The pivot point is determined by getting the average of the resistance and support levels, and it is within these levels that you are expected to buy and sell.

c)        They can be used as indicators of when to open positions. To ensure that you don’t suffer losses when the market reaches resistance, you could go long, and when the market drops to the support levels, you could go long.

The Bottom Line

Pivot Points are very important; they determine the bulls and bears of the market. When well predicted, the pivot point can lead to the birth of billionaires, but if not when predicted, great losses can be suffered.

The Pivot Point Indicator is a useful tool that you can use with your MT4 to predict the resistance and supports, which in turn help you make the wisest decisions. Calculation of the pivot point can be done using several methods, but the recommended method is the use of the five-point method. With this method, you can easily get the resistance and support levels. These levels can also be gotten using other methods, including the evaluation of psych levels and using the market’s absolute highs and lows.

Trading should not be absolutely unpredictable, even though it is. The use of pivot points should enable you to trade much easier. Happy trading!

Business, General, Web Tools, Websites

Affilorama: Free Affiliate Marketing For Beginners

Affilorama: Free Affiliate Marketing For Beginners

 

affiliate marketing for beginners

Need resources catering to affiliate marketing for beginners?  Affilorama is a site with many different kinds of tools. This is one site that is dedicated to providing clients with useful affiliate training. The goal is to help people discover how they can harness the power of affiliate training to earn money.

[Best Affiliate Marketing Business Opportunities]

Many people have heard of this concept but have no idea where to start. Many others may know about the idea of affiliate marketing but they may not know how to expand their use of this technique in order to make even more money. For those in search of highly detailed advice from an expert, this is the place to go. Beginners can learn the basics.

More advanced students can use the proven techniques on the site to see where they can improve their use of affiliate marketing concepts.

Even more advanced students can find ideas and concepts they may not have seen before or may have seen before and not known how to best implement them. The purpose of the site is to provide the kind of resources that every single modern marketer needs in the world today in order to see their business expand and continue to grow as fast as possible.

The Many Benefits of Joining

Those who join get access to a huge array of training materials. People can learn exactly how to start a website on their own. After that’s done they can then find ways to start making money on the site. For those who already have a site, they can find out how to make more sites and how to monetize their existing sites in order to make more money. Site owners may not realize just how money they can earn. Students get access to tools that can show them exactly how to rank higher in search engine searches and then how to harness even more customers to set their profits soaring even higher. Participants get access to detailed videos that illustrate all the points made in the training materials in even greater depth.

Members also get access to other tools that can help such as detailed market research efforts that have been shown to get results again and again. They offer a step by step guide that allows the learner to learn at their own pace and work out any kinks in the process.

Free Training

One of the best advantages of working with Affilorama is the opportunity to sample the pages and information here for free. People can sign up for a month of help without any further requirements. During this time, the applicant has enough time to learn about the basic marketing principles on the site. Anyone who wants to expand their understanding of affiliate marketing will find over a hundred free lessons about this field in an easy to understand manner right on the site.

The one hundred and twenty lessons on the site offer highly detailed information that cannot be found anywhere else. Any would be marketer or those who want to consider this field can work with the site to learn what they need to do maximize their profits and reach out to customers all over the world who are interested in what they have to say and, more importantly, what they have to sell them. The lessons tap into a body of knowledge that the site developers have been using for years with enormous success. Any applicant can take the very basic lessons offered here and use them to their own advantage. No prior knowledge is required to put these tools into place.

Pros and Cons

Using this site has both pros and cons. For those who do not understand the concepts, this is a great place to start. The large affiliate marketing community here is happy to answer any questions people might have. They can also help people make connections of all kinds with those who share a common goal. The free start means that it is easy to begin the process of working with the site without any need for further connections or fees. No need to invest means that the user can spend their funds on other things like upgrading their sites. Those who wish to invest in this program can find a payment plan that spreads the payments out.

While using the site has many advantages, there a few minor drawbacks. It can be hard for people to pick out the right program for them as there are many options. Program costs may add up if someone opts for more options. In many cases, while the owner of the site is well known, it can be hard for the participant to get access to them for help with any issues they might have with using the site.

Premium Membership Costs and Benefits

For those who want access to more help than the basic package, a premium membership is available for a small monthly fee. The premium membership is designed to help offer even more tools that can help those who who used this site go further down the path towards a five figure income.

Niche marketing allows any client to identify specific areas where they might succeed at this process. The niche marketing offered via premium membership can help anyone learn greater details and tips about what they can do to make their sites look even more professional and attract more potential clients. A client can become an affiliate with the site owner. The site owner has been hugely successful in this business. So the member gets access to their existing, successful web of sites as well as any sites they might have set up on their own. Both parties benefit from this arrangement.

Conclusion

Affiliate marketing is one of the most modern ways to sell products. Thanks to search engines, marketers can sell products to thousands of clients on a single site. They can also profit when they direct visitors to a product via an affiliate link on one or more sites they have set up for this purpose Many people know this but they don’t know how to start. For the determined marketer, this site offers extremely detailed lessons that can answer all of their questions. Working with site owner can help anyone figure out if this kind of marketing is right for them.

The beginner can absorb the many proven lessons on the site and then go from there. Those who are truly determined can learn much from this program. They can imbibe the lessons of a successful marketer and apply those lessons to start their own business.

At the end of the day, there’s nothing to lose. Don’t waste time on programs or courses and take advantage of the training they have available.

Business, Technology, Web Tools, Websites

Top 5 Alternative Sites like Udemy

Top 5 Alternative Sites like Udemy

Alternative Sites like Udemy

Udemy is the most popular online learning platform in the world. It is without doubt a great avenue for making a decent online income. But it does have some disadvantages – there are so many courses available on Udemy that it is so easy to get lost in the crowd.
Also, there isn’t much of a quality control on Udemy. Almost anyone can post a course here, there are no restrictions. So, finding a great course is very difficult, almost like finding a needle in a haystack.
So you may want to look for an Udemy alternative.

[Udemy India: What Indian Residents Should Know]

So you may want to look for an Udemy alternative.

Here are the top alternative sites like Udemy…

 

Khan Academy

Educator Salman Khan’s Khan Academy is perhaps the best alternative to Udemy. It offers small video lectures on various technical subjects and builds engagement with the audience through practical assignments. Khan Academy checks your program and evaluates your performance in the exercises, and offers personalized support depending on your skill level. Khan Academy is free to use and is available in over 20 languages.

Coursera

Coursera is one of the most popular alternatives to Udemy. It has only a limited number of courses, most of which are syndicated from some of the top universities and educational institutions around the word. Many of the courses on Coursera are taught by university professors. You can take some of the courses for free. Other courses require a payment to be made. You will be given a certificate of achievement for getting through the courses, which can be regarded as a credit in academic programs.

Lynda.com

Lynda.com is a popular educational site where you have to pay for the courses. Like Udemy, Lynda focuses on providing learners with important skills that makes them employable in the highly competitive digital working environment of today. You will learn office software proficiency, computer programming, graphic design, audio engineering, videography, and presentation skills. Most of the courses on Lynda are video based, but one of the big advantages is that it allows you to search for video transcripts. You can also add various videos and prepare your own custom playlist.

Udacity

Udacity is a Udemy alternative that offers just 100 free courses and 9 paid courses called as Nanodegrees. What makes it unique is that its courses have been created in partnership with major technology companies such as Facebook, Google and SalesForce. These courses can be counted as academic credits. You can start with easy courses that require little knowledge or technical expertise and then gradually work your way to more complex technical courses.

Skillshare 

Skillshare is another Udemy competitor that offers video courses in marketing, photography, design, fine art and music production. The courses are highly specialized and taught by experts in their respective fields. Some of the famous Skillshare are, social media expert Gary Vaynerchuk, real estate entrepreneur and Shark Tank host Barbara Corcoran and fashion designer Marc Ecko.  There’s a mix of free courses and paid by subscription courses on Skillshare.

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Technology, Web Tools

Features and Characteristics of C Programming Language

Features and Characteristics of C Programming Language

 

C is a structured programming language developed in 1973 by computer programmer Dennis Ritchie at the Bell Laboratories. It is one of the oldest programming languages in the world and used even today in colleges and universities around the world to introduce students to computer programming.Features and Characteristics of C Programming Language

 

 

 

 

 

 

C is considered to be one of the most powerful programming languages because of its structure, high-level abstraction and the fact that it is machine-independent. C was first developed with the UNIX operating system and shares much in common with UNIX, which still remains a widely used operating system, and forms the core of the internet data superhighway.

Let’s have a quick look at the features and characteristics of C programming language…

Features of C Programming Language:

  • C is one of the most popular languages used today and features in operating systems and embedded systems.
  • C is a robust programming with an impressive set of built-in functions and a variety of operators which you can use to write any complex program.
  • C programs are fast and efficient. This is because C uses a powerful set of data types and operators.
  • C combines the power and capability of assembly language with the user friendly features of a high-level language.
  • C is the most widely used older programming language. It continues to go strong while older programming languages such as BASIC and COBOL have been virtually forgotten.
  • C is very much portable, which means programs written on a machine using C can be used on other machines as well without any modification.
  • A C program consists of a number of functions that are supported by C library. In fact, you can create your own function, which can then be added to the C library.

Characteristics of C Programming Language

1) C is a General Purpose Programming Language This means C can be used to write a variety of applications. It is often referred to as a “system programming language.”

2) C is a middle level language, which means it combines the features of high level language with the functionality of an assembly language.

3) C is a structured programming language, which means as a programmer, you are required to divide a problem into a several different modules or functions.

4) C is renowned for its simplicity and is easy to use because of its structured approach. It has a vast collection of keywords, operators, built-in functions and data types which make it efficient and powerful.

5) C is portable, which means a C program runs in different environments. C compilers are available for all operating systems and hardware platforms. Additionally, you can easily write code on one system and port it to another.

6) C is popular not just because it can be used as a standalone programming language, but also as it can be used as an interface to other more visual languages.

7) C is a very flexible language; it is convenient and portable, like a high level language and flexible like a low level language. It can be interfaced with other programming languages.

8) C is super fast. The compilation and execution of programs is much faster on C than with most other languages.

9) C is modular, which means C programs can be divided into small modules, which are much easier to understand.

10) C is easily available. The C software is easy to access and can be easily installed on your computer. The installation of C hardly takes a few minutes.

11) C is easy to debug. The C compiler detects syntax errors quickly and easily and displays the errors along with the line numbers of the code and the error message.

12) C makes available a number of in-built memory management functions that save memory and improve the efficiency of the program such as malloc(), calloc() and alloc().

13) Recursion is one of the common techniques used in C, where in a function calls itself again and again.

14) Finally,  C has a rich set of library functions and supports graphic programming too.

Technology, Web Tools

The Top Computer Programming Languages Used Today

List of the The Top Computer Programming Languages Used Today

As a programmer, you will need to know more than just one programming language. In fact, ideally, you should be knowledgeable about at least 3 or 4 programming languages and specialize iProgramming Languages Used Todayn one or two of them.

 

 

 

 

 

 

 

Also, programming languages evolve and improve over time, so it is important that you should keep up with the changes and learn new programming languages every now and then.
So, which are the top computer programming languages used today? We have drawn up a list for you. Let’s have a look.

Here’s a breakdown of some of the most in-demand programming languages

 

1) Java
Java is the world’s most popular programming language by far. Java is used to create server-side applications that that used in mobile apps and games. Indeed, the introduction of Android smartphones and the subsequent boom in the Android apps market has led to a resurgence in the use of Java. Java is the core foundation for Android app development. Java is portable and runs on multiple software platforms. A vast majority of programmers today specialize in Java.

2) Python
Python is not far behind Java in popularity and is, in fact, the most widely taught programming languages in colleges and universities in the U.S. Python is probably the easiest programming language to learn. The python framework can be used for a number of applications, whether it is it design web apps or to conduct data analysis. Did you know that Instagram and Pinterest have
been built entirely with Python? That’s impressive!

3) Ruby on Rails
Ruby on Rails is a popular computer programming language which is very easy to learn, and yet is powerful, efficient and fast. Ruby on Rails is used to develop web apps and is in huge demand today because it is essentially a very modern programming language.

4) JavaScript
JavaScript, first of all, is not Java. It is an independent programming language in its own right. It allows developers to add interactive elements to their websites. In fact, a lot of the World Wide Web has been created using JavaScript. JavaScript libraries such as JQuery are also very popular.

5) C#
C#, which is pronounced as C-sharp, is the primary programming language used to Windows apps. C# is syntactically similar to Java. Anyone who’s good at Java shouldn’t find it difficult to switch to C#. There’s a major demand for C# programmers, and those who master C# will have wonderful opportunities in the job market.

6) PHP
PHP is a powerful internet programming language that is used to create dynamic websites and mobile apps. Indeed, some of the biggest sites and applications out there, such as Facebook and WordPress have been created with PHP. PHP is an open source language, which means you will have access to millions of free built-up modules which you can use and modify as you like. Learning PHP is a must for web developers.

7) Objective-C
Objective-C is one of the most popular programming languages today and the reason for this is that it used to create iOS apps. While a new programming language Swift is fast rising in the ranks, Objective-C is still the #1 choice of most iOS app developers.

8) SQL
SQL or Structured Query Language is the most popular database query language out there and allows you to work with huge databases. There is a great demand for programmers who can work with SQL especially with increasing use of Big Data by many organizations around the world, for marketing, research and other purposes. SQL server consultants are among the best paid IT professionals.

9) C
C is one of the oldest (think Windows Operating system) programming languages and is still very much in demand as it is the programming language of choice for working with embedded systems such as the operating system of an aircraft or the firmware of your automatic washing machine. C is the first computer language that most computer science students learn in school.

So these are the top computer programming languages used today. If you are a computer science student, you should master at least 3 or 4 of them.