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Healthy Trader

Every work field has their own health risk issues. Trading field is not exception. Working in front of monitor for hours to understand chart and news, analyze trend, set up strategies,etc; may expose a trader to substantial health risks.
Since traders mostly spend hours in front of monitor(s) and do not physically active; it is highly recommended for them to spend at least 30 minutes per day for exercise:

  • a minimum of 2-1/2 hours per week of moderate-intensity aerobic activity, for example, brisk walking for 30 minutes a day, five days a week, or
  • minimum of 1-1/4 hours per week of vigorous-intensity aerobic activity, or
  • combine both.

Then, give your eyes a break once an hour during your workday. Rest your eyes 10 minutes for every 50 minutes spent in front of monitor. If your eyes feel overly tired, lie down and place cooling cucumber slices over your eyelids. The monitor position should be located nor closer than 70 cm from the trader’s eye and lighting should not cause any glare on the monitor.
Last but not least, drink a lot of water or a cup of tea hourly to prevent dehydration. Good diet also have important roles. Vitamins A, C, E, and mineral like copper, zinc are essential to eyesight. Antioxidant can be obtained from dark leafy greens, eggs, yellow peepers, pumpkin, sweet potatoes, and carrots. Other food that give benefits such as spinach, broccoli, lemon / orange, nuts, avocado, garlic, onions, shallots, capers, blueberries, grapes, salmon, sardines, mackerel, cod, whole grains.

Source:
http://www.hsph.harvard.edu/nutritionsource/physical-activity-guidelines/

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Healthy Eyes

worker beeMost of the time people discuss about trading techniques. How to make profit, what is the best strategy, how to analyze charts, what has happened with the market, etc. Too focus on trading till forget one important factor, HEALTH, particularly eyes health. Health is very important factor and traders should place this above trading, as you could not make money if you have eyes problem. Staring at monitor can cause eyestrain, blurry vision, difficulty in focusing at a distance, and dry eyes

A simple exercise can help to maintain healthy eyes. It is known as focal point exercises. This is how you do it: pick a point at the other end of the room, or out the window, then, every half an hour stare at that point for two minutes to help the eyes to relax. A simple exercise to maintain your healthy eyes.

The other exercise is eyes yoga. First, open the eyelids, keep the head and neck still, and relax the entire body. Then, raise your eyeballs up to 12 o’clock, and hold them there for a second. Next, lower the eyeballs to 6 o’clock and hold them there again. Continue moving the eyeballs up and down for ten times, without blinking if possible. After ten movements, rub your palms together to produce heat and gently cover them over your eyes, without pressing. Allow the eyes to relax in complete darkness. Repeat this exercise with eyes movements – 9 o’clock to 3 o’clock, 2 o’clock to 7 o’clock, 11 o’clock to 4 o’clock – end each movement by covering your warmed palms over your eyes. Conclude the routine with ten full circles in each direction, as you are tracing the clock’s rim.

Below are simple steps to maintain healthy eyes:

  • Ensure your eyes prescription is up-to-date and adequate for computer use
  • Position your monitor so that your healthy eyes are level with the top of the monitor.
  • Avoid glare on your monitor from windows and lights. Use an anti-glare screen if needed.
  • Choose a comfortable, supportive chair. Adjust it so that your feet are flat on the floor.
  • Blink more if you feel your eyes are dry. Healthy eyes need to be moist all the time
  • If possible, rest your eyes by looking 20 feet away for 20 seconds every 20 minutes to keep your eyes healthy. At least every two hours, get up and take a 15 minutes break.
  • Eat healthy (egg, nuts, beans, fish, fruits, vegetables, lemon juice, salmon, tuna, fish oils, etc)

Source:
http://www.yogajournal.com/health/129

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Dinosaurs and Charts

Vernal, Utah is world famous. Seriously it is. It is world famous for dinosaur bones. There is a higher concentration of dinosaur bones there than in any other place in the world. A few years back I took my 5 and 3 year old at the time to the dinosaur quarry to see some dinosaur bones. It is, needless to say, quite an amazing site. You can’t put your hand on the quarry with out touching two dinosaur bones. There is also a small nature hike that you can take and see dinosaur bones that are jutting out of the mountains that are there. After chasing the kids around the visitor center for a while I decided that they needed to burn off some energy. So I decided to take them on the hike.

The guide was telling me before the hike that you can see bones all over the place on this hike. Now along this hike we were getting near the end, and up to this point I was not able to point out to my son a single dinosaur bone. I was looking and looking but, for the life of me, I could not find a single one. Finally­ in my frustration I turned to the guide and asked him where all of these so called “dino bones” were. He laughed a good laugh, said they are everywhere, and pointed to the ground, and not two feet from where I was standing was a dinosaur bone embedded in the rock.

I have since thought back on that experience and have wondered “how was it he could spot a bone so easily?” It wasn’t until one day where I was showing a trader a head and shoulders pattern on chart. I was seeing the turning points in the market that formed the pattern on chart. I surely knew what was coming next, but the trader could not see the chart patterns. Then it dawned on me. The guide on the hike had trained his eye. He knew the patterns in the rock. He had trained his eye such that when the pattern of the rock went from speckled to smooth, he knew he was seeing a dinosaur bone. We as traders also have to train ourselves to see the pivot points, the turning points in the market, and read it as chart patterns. As you train your eyes to read chart patterns, you will be able to see the opportunities that are all around you. If you don’t train your eye to read the chart, you may be the person who goes on a hike with dinosaur bones all around you and never see one!

Happy Trading

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Good Time to Trade Currency

Currency market open 24 hours, 5 days a week. It starts 17.00 EST on Sunday to 17.00 EST on Friday. Traders can simultaneously trade during those time range. However, it is not wise to trade continuously, as the market does not always show good movement or setup all the time. In general, there are 4 major sessions in currency market (see below)

time

1. Sydney opens 17.00 EST (starts Sunday afternoon EST)

2. Tokyo opens 19.00 EST

3. London opens 03.00 EST

4. New York opens 08.00 EST (closes Friday 17.00 EST)

When the major currency center opens, there are a lot of volume and liquidity. During this active market hours, the market price can move up and down, give traders a chance to trade and make nice profit. During slow time (when currency center closes), the volume and liquidity drop, and the price movement usually goes sideways.
The most favorable time to trade is during London opens. There are at least 6 top bank traders actively trading with 51.78% of market share. The second largest market share happens during New York sessions (27.2%). The Sydney and Tokyo sessions usually do not give high volatility, because the market volume is not as high as London’s.
Other trading opportunity that need to be considered is news events. News events can be schedule (Non Farm, GDP, Unemployment Rate, Interest Rate Decision, etc) and non schedule (natural disaster, war, etc). News events can boost market price to certain direction and it provides traders a great opportunity to make profit too.
In generals, best times to trade is during London hours, New York hours, overlap between London and New York hours, and during news events. Apiary Fund can help you to determine the time zone by using this link :

http://apiaryfund.com/extras/sessions-clock

Source:

http://en.wikipedia.org/wiki/Foreign_exchange_market

http://en.wikipedia.org/wiki/Forex

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