Search the Community

Hello, I would like to introduce one of my possibilities to earn money on full automatic tools with icmarkets broker. I will make weekly update in comment like I do on other forums. IC Markets is a licensed and regulated (by the financial supervision committee) Forex broker. It is one of the best Forex brokers on the market. Recommended for manual and automatic trading. To operate in the Forex market you need an account with a broker, this is where our funds for trading in this market are stored. The most important features: - True ECN broker - Leverage up to 1: 500 (also for European clients) - Low spreads on major currency pairs - Microlights, from 0.01 - Ability to trade on a demo account Whether you are interested in trading or you do not have professional knowledge and want to use a machine that trades for you, you need a Forex broker, sign up for a free account. I encourage you to create an account with the IC Markets broker from my IB Link and number 52009 click on the link: https://www.icmarkets.com/sc/en/?camp=52009 Clean link here: https://www.icmarkets.com Live account instruction: Individual clients Go to the IC Markets website and click on the Open Account tab - REGISTRATION https://www.icmarkets.com/sc/en/?camp=52009 A necessary condition to obtain additional benefits (including commission rebate) is to go to the form via the link above. Fill out the registration form - it consists of four stages. After completing the form, you will receive an activation link by e-mail, which you should click on. Log in to the Customer Area using your e-mail address and the password you set. Prepare two documents - 1) a scan of two-sided ID card, passport or driving license and 2) an account or bank statement not older than 3 months, which will confirm the address you provided in the form. Attach scans of documents to the Customer Area (after logging in -> “Upload Documents” -> “Upload”) or send them by e-mail to [email protected]. After verifying the documents in the Customer Area, you can set up a selected investment account. The next step is to make a deposit. After completing the registration, please contact me to verify that the entire procedure was correct. We pay the deposit to our account with the broker: by bank transfer, payment card, PayPal, Neteller, Skrill, Bitcoin. How do I make money with experienced traders here? $ 100-500 is enough to start You can make money by trading by yourself, but as you already know, I am looking for automated solutions that allow me to save time. One of the simple and convenient ways to earn with this broker is the cTrader option, which is available on the above platform. All you need to do is open an appropriate LIVE account (cTrader), which we create after logging in to our account. Just go to the "ACCOUNTS" tab and click OPEN A NEW LIVE ACCOUNTS, then select the LIVE account named cTrader and the appropriate parameters, which are described below: The appropriate bill for the tools that I will describe to you here will be: cTrader USD account RAW Spread Leverage 1: 500 We then transfer money from another internal account to this newly opened cTrader or simply make a new deposit to it. (Prepare $ 100-300) If we did everything correctly, we will see our money on the account. The next very important step is to log in with the same data on the https://ct.icmarkets.com platform (If you do not want to log in, just remember the password on your e-mail) After logging in correctly, we have access to the platform where we can use copying what already experienced traders do. On the platform, we should see our cTrader account that we created earlier. All this happens completely without our interference, third parties do not have access to our funds! And we can start automatic copying, add and withdraw from the account connected to it. We can withdraw any profit that is over our balance, and we can turn off and resign from services at any time. The platform is simple and transparent, where we can see all the conditions that we should know before using auto trading. I myself use it and watch how traders are doing, because everything is visible here. Capital curve, the deposit they manage, open and closed transactions, the number of people who use copying these traders, the amount of capital that users have linked to a given trader. This is my account for now I chose 1 strategy which I linked my accounts: The strategy is RELAX and RELAX1, where you can start from 2000$ on RELAX by Urai and RELAX1 is a mirror account from same trader, and you need to start only $ 100 Here is links to this strategy: RELAX: https://ct.icmarkets.com/copy/strategy/3602 Here as you can see is 1010 copiers on over 4 000 000$ Strategy is running since 9 September 2019 RELAX1: https://ct.icmarkets.com/copy/strategy/14462 Here as you can see is 1010 copiers on over 620 000$ Strategy is running since 7 October 2020 Here is my accounts too, if you have any questions fell free to ask. WARNING! Do your own research before any deposit. The above information is for information purposes only and is not investment advice. Any investment in this type of project involves the risk of losing some or all of your capital. Remember that Forex is high risk area.

To provide a signal to you, "hot forex signal", is the best accurate forex signal provider in the global currency market. It is different and a few more special than others. Because they have an outsized "forex market" analytical expert team who makes an efficient analytical report. On the idea of an analytical report signal is formed. Has a monitoring team to watch the market and accuracy of the given signal. As their observation report, hot forex signal is 95% accurate. Hot Forex Signal assist you to regulate "Take Profit" and "Stop-loss". It's constantly monitoring the market, regardless of your location within the world. It will take place in the market and you will be notified by e-mail and messenger at the time of market movements.

We have all had to re-invent our approach to business in the wake of the crisis created by the Covid-19 pandemic. But we have learned during the pandemic that crisis is not all-together bad. Crisis helps us think deeper, stretch our imagination, restructure our organizations, and discern the real needs of our business. But how do we, as business owners, crisis-proof our business? We may not be able to stop the crisis from coming, but our business can cope with it better when that crisis does arrive. Risk and crisis management are consistent features of Forex and currency trading. Here are a few areas where small business owners can draw significant wisdom from the art of currency trading. Avoid false advertising Many small businesses constantly grapple with the crisis of customer defection or a consistent inability to attract and keep new customers. The problem is often with their marketing strategy. A leisurely scroll through your timeline on social media will expose you to a myriad of ads from small and medium-sized businesses all vying for your attention. In many of these ads, you will find one nasty feature; false advertising. While these ads promise astonishing freebies or cut-price deals, the reality behind often reveals something totally different. I once received mail from an advertising business I had almost patronized. It read, "I noticed you stopped short of making the purchase. Hey, I know the ad was a bit deceptive but..." Needless to say, that put me off from the business. One key feature of Forex trading is the risk factor especially when you aren't using accurate trading signal.. It is one of the most glaring features of the market, so glaring that Donald Trump's Covid-19 diagnosis caused quite a stir. Every serious-minded Forex trader, trainer, or broker reveals the nature of risk involved in trading while advertising their services or teaching their courses. My early foray into Forex trading brought me in contact with FxBro, a sibling run Forex trading community where they were so vocal about the risks of trading Forex that it almost seemed like it was their marketing strategy. However, I noticed I was drawn to Maksim and Nina Konstantinov's strategy (Fx Bro Co-founders) because their clear warnings made me appreciate even further their offer of guidance. While taking advantage of PPC campaigns and ad marketing that social media provides, you must realize that building a loyal following does not involve sacrificing the truth on the altar of appeal. It is pertinent that you market nothing beyond what you can offer, and though you must engage your creativity in marketing, you must also draw the line just before creativity begins to drift into dishonesty. In co-founder of Fxbro Maksim Konstantinov's words, "When we fall downstream, we always say it loud and explain to our customers that even after the 15 years experience I have garnered trading Forex, we can still make losses and so would they". Konstantinov finds that having begun from scratch himself and experiencing all the downturns, it is great to always be clear about the risks while advertising. This is the attitude that marketers should have across the board and is one of the most powerful ways to avert the crisis of customer defection. Spin the wheel, don't reinvent it Two years ago, I served on the panel for a grant-issuing body for upcoming African entrepreneurs. As I sat on that panel, I discovered that almost 90% of those who were unsuccessful were failing because they were trying hard to reinvent the wheel. They were trying to run a business that was novel in every single aspect. Their crisis was a "lack-of capital," and it was self-engineered. Granted, innovation and invention are generally good for business, but they are not always necessary, especially when there already exists verified working systems that are yielding massive results in your industry. Forex trading platforms realize that many people are not going to sit down to study the technicalities of the market, so to enable the largest number of people to invest, they have to integrate a "Mirror Trading System." Alex Campbell, Chief Executive Officer of Vast Triumph, in explaining their "mirror trading" and AI strategies that have been used to great effect, explained it as "a system that minimizes the need for vast knowledge and experience of the market. Mirror trading pairs investors and new traders with our top-earning traders, yielding results for investors without the exertion of personal trading." No system guarantees success, but if you can find working, proven systems for your business to adopt, I often advocate the "Ctrl C, Ctrl V" approach. There is no shame in copying working systems. Given the same circumstances, there is no reason they won't work for you. Upcoming entrepreneurs can stand out with their company culture, values, and mission, but when it comes to business strategy, learn what works and spin the wheel. When you insist on constantly treading uncharted waters you are easily prone to unforeseen errors. Protect today with yesterday My first attempt at trading the Forex market saw me obliterate a $300 account in one day. It hurt, and I learned. Crises are unavoidable in business, but if you are keen on documenting your experiences and adjusting your business to become resistant to that same crisis, you'll win in the long term. The human body becomes more and more immune to the diseases it has survived before, Hurricane-prone areas of the state begin to re-imagine its infrastructure to withstand such a harsh climate. Likewise, in Forex, every successful firm or trader has a "trading journal," where they document all their moves in the market to further understand how it moves and reacts. For small business owners, it is necessary to know that to become crisis-proof, you may have to cherish and document all wrong business steps as well as the right ones. Not moaning over losses and failures is the best way to understand business and, more specifically, your industry. Nothing you read in books will prepare you for the business experience you gain firsthand, so write your own books by keeping records, and make sure your business evolves with this knowledge. Balanced risk-reward ratio The question I get asked often from young entrepreneurs is "How do I maximize profit?" This question is vital but becomes a bit worrying when I see these businesses trying a little too hard to make money from every margin in their business. Often, profit maximization can become the direct opposite of customer satisfaction. Small businesses must be satisfied with bearing a lot of risks. To do this, you would have to find a balance between profit and risk. This place of balance is a place where you do not overextend yourself as a business, yet offer the customers enough satisfaction to warrant their continued investment. In currency trading, trade is considered bad when the risk far outweighs the profit potential, and trade is safe to engage in when the risk-reward ratio is at least balanced. This is an invaluable tool for all successful currency traders and firms: risk management. To prevent a crisis, you need to become analytical, patient, alert, balanced, truthful, and customer-centered. This makes it far easier to evolve positively as a business and grow a thicker skin in the wake of a crisis.

Foreign exchange brokers offer traders leverage on their accounts that allows them to enter into larger trades at no additional cost. A $10,000 size account with 50 times leverage implies a trader has access to $500,000 in buying power to do what they wish. It is best to read and understand a leverage guide to understand the pros and cons of trading with someone else’s capital. But it might be a necessary evil as the forex market is void of gigantic daily moves that are common in the stock market. Ironically, the foreign exchange market is the largest and most liquid market in the world as $4 trillion worth of currencies trade hands on a daily basis. No Leverage, No Gains Advanced forex traders with a $10,000 account balance with no leverage can consistently make a profit day in, day out. But without the compounding power of leverage, a $10,000 balance that earns a spectacular 15% annual return (by forex standards) will likely find their efforts to be futile. Perhaps even a complete waste of time. Meanwhile, in the stock market universe, a 15% move for a $1 trillion valued tech's heavyweight like Apple or Amazon can be generated in a few short days. Much larger gains can happen in hours, if not minutes. In forex trading, a 5% daily fluctuation is considered a very large move. Much larger moves, such as the10% reaction in the British pound in reaction to the Brexit vote is a once a decade event, if not longer. So traders need leverage. They may not like it and very few can avoid it. As such, leverage is a fact of the game and a mandatory tool to generate any sort of meaningful profit. Leverage Options Leverage amounts vary from broker to broker and some may reserve their highest leverage to experienced and responsible traders only. Here is a breakdown of what is an appropriate amount of leverage for traders at different stages in their trading career. Foolish Traders- 20 times leverage: Foolish traders are usually newcomers with zero experience and close to zero trading knowledge. They may have been tempted to sign up for a brokerage account after watching a compelling ad or are looking to take advantage of compelling sign-up offers. Chances are likely they will blow through their account in days, if not hours. Beginner Traders - 50 times leverage: Beginner traders likely spent time learning about trading strategies through online courses, books, or browsing YouTube videos. They are prone to make beginner mistakes and have minimal risk management strategies. They are likely to enter into a few profitable trades and will blow out their account in weeks. Moderate Traders - 100 times leverage: Moderate traders have spent a lot of time practicing their strategies in a paper account. They understand the importance of risk management and show discipline in quickly exiting a trade that moves in the wrong direction. These traders will likely use their margin responsibly and wait for the once a week opportunity to go big and take advantage of a unique opportunity. The odds of success aren't in their favor but a select few will end up making a lot of money over time. Advanced Traders - 100 to 300 times leverage: Advanced traders have spent years studying the forex market and anything short of making $100,000 a year in profit is considered a poor year. Advanced traders are extremely patient, knowledgeable, and disciplined. Professional Traders - 400 times leverage and above: Professional traders are likely backed by an extremely large account balance and may not even need this level of margin. But it is made available to professional traders to take advantage of a unique opportunity. While advanced traders are happy to make $100,000 a year, a professional trader expects to make this amount in one single trade while using accurate trading signals. Conclusion: Recognize The Dangers Of Leverage Some brokers might extend generous amounts of leverage to all traders and there is a good reason for them to do so. Brokers likely invested a great amount of money into their internal risk management systems that will automatically sell out a position before a traders’ balance hits zero. It is easy to understand how an inexperienced trader would be attracted to unusually high leverage. They might even have a gambler’s mentality that a new car or house is within reach after two or three highly leveraged trades are closed out. For some, they might hit a jackpot and win the big prize, but for the vast majority of people, this is nothing but a dream.

Starting a forex trading business is a relatively simple undertaking. All you need is a reliable forex broker, a feature-rich trading platform, and a small amount of capital to buy and sell currency pairs. However, there are certain pitfalls, risks, and factors that you need to be aware of to trade effectively and turn a profit. The Forex market is inherently different from the stock market. More than $5tn is traded every day, mostly by ‘institutional’ traders connected to large institutions and companies. These trades account for 94.5% of activity on the forex market. When starting a business, you will work as a retail trader and make use of leverage offered by brokers to support your entries into and exits from the market. Learn the basics You can trade without prior knowledge of forex, but it is not recommended as you will run up significant losses very quickly. Opening a demo account is arguably the best way to get to grips with the different aspects of Forex trading as you will be able to experiment freely and adopt new strategies without the fear of financial setbacks. You can also watch video tutorials, attend webinars, and read relevant blogs and articles for both basic and advanced insights. Another key skill for forex trading is technical analysis. Mastering the art of reading charts and indicators such as Bollinger Bands, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) will enable you to identify movements and trends that can be used to make profitable moves. Select a reliable broker Forex brokerages effectively act as a middleman between you and the forex market, so it is vital that you choose a broker that is not only reliable and regulated but also well suited to helping you achieve your financial goals. Legitimate traders will provide you with a trading platform that is secure, has access to major pairs, and offers additional tools and charts to support your decision-making. Be aware that there are scam brokers that will attempt to dupe unsuspecting victims with a range of fraudulent practices such as Ponzi schemes and signal seller scams. Malicious third parties may also attempt to present themselves as reputable outlets and promise large profits, when in fact they are fake or illegitimate. You can find authentic brokers by reading reviews and investigating them beforehand. Organize your trading capital Trading foreign currencies have a lower point of entry compared to stock as investors can set up an account with as little as $10 or $20. Brokers also offer something called to leverage that allows you to trade more than you have in your account. Leverage of 50:1, for example, would give you access to $100,000 if you deposited $2,000 into a margin account. While leverage is beneficial for beginners as it increases their trading position beyond an opening cash balance, it can amplify losses and lead to financial woes if not used correctly. If you manage leverage carefully though, you can mitigate many of the downsides and use it to your advantage. Practice, practice, practice As noted earlier, opening a demo account will give you free rein to practice your trades so that you have a better understanding of when to buy and sell at the right time. This is also a perfect opportunity to try out new strategies and tactics. You should keep practicing for a few weeks at least or until you feel comfortable making the step up to real money. Trade For Real Money Trading real money on forex will expose you to certain pitfalls that you may not have experienced during your practice trade. It is important to remember that forex is not a shortcut to instant wealth. You will need to slowly nurture and develop your account, especially during the formative weeks and months, to make sustainable profits. However, don’t be deterred by a losing streak either. It is statistically normal for even the most successful traders to run into a barren period when losses mount up. These downturns should not be a signal for you to close your account as you should eventually be able to bounce back if you keep making the right moves. Finally, just because you have started a forex business does not mean that you have to be trading 24 hours a day, seven days a week. The forex market is ‘always on’ due to the time zones for each region, but try to work for a set seven or eight-hour period that fits into your daily schedule at first and then go from there. Remember, the smartest move sometimes is to sit back and not enter the market. Taking this advice on board will give you the best chance of setting up a business that can support profitable day trading on the forex market.

The dollar was down on Wednesday in Asia, with investors fine-tuning their positions ahead of a U.S. Federal Reserve policy meeting. The U.S. Dollar Index Futures that tracks the greenback against a basket of other currencies inched down 0.03% to 93.085 by 9:76 PM ET (2:57 AM GMT), giving up some earlier gains. The USD/JPY pair was down 0.15% to 105.28. The Fed will meet later in the day to hand down its policy decision, its first meeting since Fed Chairman Jerome Powell announced a more relaxed approach to inflation at the Jackson Hole symposium on August 27. This stance is widely expected to be continued and may weaken the greenback with the introduction of further stimulus measures. However, some investors disagreed with those expectations. “There’s a feeling in the market that maybe the Fed will try to act on its dovish tilt,” National Australia Bank (OTC: NABZY) senior currency analyst Rodrigo Catril told Reuters. “Our sense is that there’s a risk there that the Fed doesn’t do much more than what it’s done already,” he added, possibly lifting U.S. yields and weighing on the yen. The policy decision is also expected to introduce longer tenors for the Fed’s bond-buying program. Other areas of interest to investors are the Fed’s economic projections, particularly on inflation and its direction. “The three to 3.5-year projection horizon will give (Fed members) an opportunity to indicate how big an overshoot they expect will be required to get to the 2% average inflation target … it will also give (them) an opportunity to indicate how much of an overshoot they are willing to tolerate,” Standard Chartered (OTC: SCBFF) head of FX research Steve Englander told Reuters. The Bank of Japan and Bank of England will also hand down their respective policy decisions on Thursday. The AUD/USD pair edged up 0.12% to 0.7309 and the NZD/USD pair inched up 0.01% to 0.6722. The USD/CNY pair edged down 0.15% to 6.7699. The yuan continued to bask in the wake of Tuesday’s economic data indicating growth in industrial production and retail sales year-on-year, as well as pointing to China’s continuous economic recovery from COVID-19. As per, TopAsiaFX, The data also boosted investors’ hopes for a global recovery from the pandemic. The GBP/USD pair edged up 0.22% to 1.2915. The pound rose on the back of Tuesday’s better-than-expected job figures, as well as opposition to a bill proposing to break the U.K.’s Brexit treaty with the European Union (EU). The U.K. will release a slew of data for August, including the consumer price index, later in the day.

US DOLLAR ANALYSIS, EUR/USD, AUD/USD, NZD/USD — TALKING POINTS EUR/USD branching out a new uptrend but will be coming across the critical cross-section AUD/USD rejected at 21-month swing-high. Drop accelerated after local GDP released NZD/USD cleared 13-month resistance but price action is indicating slowing momentum EUR/USD ANALYSIS EUR/USD appears to be climbing along with a newly-sprouted, modest uptrend since late July after jumping above the older slope of appreciation dating back to mid-May. The intersection of the two — labeled as “Key Juncture 2” may be critical. Breaking below that could result in a short-term pullback, followed by a brief congestive period before the broader uptrend resumes. EUR/USD — Daily Chart EUR/USD — Daily Chart AUD/USD OUTLOOK AUD/USD was firmly rejected at the December 2018 swing-high at 0.7393 and was met with aggressive follow-through. Worse-than-expected Australia GDP data compounded AUD losses. Looking ahead, the pair will likely retest short-lived, former resistance-turned-support at 0.7295. Cracking that floor could open the door to flirting with a stubborn inflection range between 0.7206 and 0.7181. AUD/USD — Daily Chart AUD/USD — Daily Chart NZD/USD FORECAST After breaking below the early-June uptrend, NZD/USD underwent a brief selling bout before stabilizing in mid-August and resuming its broader uptrend. As per PipsWin, The pair just recently cleared a technical landmark at 0.6726 with follow-through, which could precede another rise if momentum is sustained. Having said that, recent price action does paint a worrisome picture. NZD/USD — Daily Chart NZD/USD — Daily Chart Leading up to resistance, the candles had large bodies and small wicks, indicating what appeared to be robust underlying confidence in the pair’s upside trajectory. However, since the ceiling has been cleared, price action has become timider as the pair trades at a 13-month high. The wobbly movement could make traders nervous and potentially catalyze a short-term pullback.

Leverage gives the capacity to utilize debt funds to increase your buying potential while investing online. Forex trading with leverage implies you have a modest quantity of capital, managing a more substantial sum in the market. Stockbrokers will term this as trading on margin. In foreign currency trading, there is no interest charged on the margin utilized. It doesn’t distinguish what sort of merchant you are or what kind of credit you have. If you have an account and the intermediary offers a margin, you can use it to boost your trades. Leverage gives the trader more control Leverage makes a somewhat exhausting market fantastically energizing. Despite that, when your money is on the line, you have to craft your strategies carefully for trading in a such dynamic environment. Without leverage, investors would be amazed to see a 10% move in their record in one year. Be that as it may, a trader utilizing leverage can see a 10% move in one day without much of a stretch. Generally, typical measures of leverage will be excessively high. Know that high volatility on the Forex market is possible because of the leverage on exchange. The move in the fundamental resource has a less remarkable impact on volatility. Leverage size The traders get leverage in a fixed size that can change with various intermediaries. Each broker gives out leverage dependent on their standards and guidelines. The size of leverage can be 50:1, 100:1, 200:1, and 400:1 50:1: Fifty-to-one leverage implies that for each $1 you have in your account; you can put a trade worth up to $50. For instance, if you deposited $500, you would have the option to trade sums up to $25,000 on the market. 100:1: One-hundred-to-one leverage implies that for each $1 you have in your account; you can put a trade worth up to $100. This proportion is a regular measure of leverage offered on a standard lot account. The commonplace $2,000 minimum deposit for a standard account would enable you to control $200,000. 200:1: Two-hundred-to-one leverage implies that for each $1 you have in your account; you can put a trade worth up to $200. The 200:1 proportion is a standard measure of leverage offered on a mini lot account. The standard minimum deposit on such an account is around $300, with which you can trade up to $60,000. 400:1: Four-hundred-to-one leverage implies that for each $1 you have in your account; you can put a trade worth $400. A few intermediaries offer 400:1 on mini lot accounts yet be careful with any representative who provides this kind of leverage for a little account. Anyone making a $300 deposit into a Forex account and attempting to trade with 400:1 leverage could quickly clear out. Benefits of using leverage Suppose you see how leveraged trading functions and how it amplifies risk. It tends to be a ground-breaking trading tool. Here are only a few advantages: Amplified benefits: You need to deposit a small amount of capital, and leverage can increase your profits on useful trades. Be that as it may, it can increase your misfortunes on fruitless ones. Equipping openings: Operating leverage can let investors lose capital that can focus on different ventures. The capacity to build the sum accessible for the investment is known as outfitting. Shorting the market: Using leveraged items to theorize on market developments empowers you to profit by markets that are falling. Financial specialists can likewise exploit markets that are rising; the traders call this as going short. 24/5 trading: Forex markets are accessible to trade nonstop during workdays. Drawbacks of using leverage Even though Forex trading and other leveraged items furnish traders with a scope of advantages, it is imperative to think about the possible drawbacks of using such items. Here are some interesting, vital points: Amplified misfortunes: Margins amplify losses just as profits. Your underlying expense is nearly smaller than customary trades; it is anything but difficult to overlook the amount of capital you are setting at risk. So, you should consistently think about your trade as far as its full worth and drawback potential, and find a way to deal with your risk. Margin calls: On the off chance that your position moves against you, your supplier may request that you add more funds to your account to keep your trade open. It is known as a margin call, and you’ll either need to add capital or close positions. Subsidizing charges: When utilizing leverage, one can successfully have a money loan to open a position at the expense of your deposit. If you need to keep your position open for the time being, you will charge a little cost to take care of the expenses of doing as such.

USD/CNH bounces off intraday low of 6.9005, marks a two-day losing streak. Sluggish momentum indicators challenge bullish chart formation. 200-bar SMA adds to the upside barriers, the yearly bottom gains the bears’ attention. USD/CNH picks up bids near 6.9080 amid the initial trading session on Tuesday. Even if the cross drops for the second day, a falling wedge formation on the four-hour chart (4H) keeps the bulls hopeful. Other than the pair’s latest weakness, downbeat conditions of RSI and MACD also challenges the buyers. Even so, a sustained break of 6.9180 resistance will theoretically confirm the quote’s run-up towards breaking the monthly top surrounding 7.000 round figures. During a north-run, the 200-bar SMA level near 6.9700 will act as an intermediate halt whereas the late-July top surrounding 7.0300 could the optimists afterward. Meanwhile, PipsWin have reportedly stated that the seven-month low flashed, on Friday, around 6.8930 and the support line of the said bullish formation near 6.8910 challenges the sellers targeting the yearly bottom near 6.8455. USD/CNH four-hour chart USD/CNH four-hour chart Trend: Pullback expected Additional Important Levels Today last price 6.9072 Today Daily Change -0.0050 Today Daily Change % -0.07% Today daily open 6.9122 Trends Daily SMA20 6.9519 Daily SMA50 7.0023 Daily SMA100 7.0514 Daily SMA200 7.0263

S&P 500, Dollar, EURUSD, Gold Talking Points: A mere day after the S&P 500 earned a record high and the DXY Dollar Index broke to a multi-year low, both benchmarks put in for a reversal The FOMC minutes seemed to encourage the turn, but it didn’t exactly align to the timing of the about-face for markets Liquidity conditions remain my guiding light; but stimulus, trade war, FX intervention data and anticipation headlines will hold potential for volatility ahead RECORD HIGHS DON’T SEEM TO EARN WHAT THEY USED TO FOR THE S&P 500 Not a day after posting the technical progress necessary to qualify for technical breakouts, both the S&P 500 and EURUSD seemed to tip back into a reversal. Naturally, this abrupt directional change has more than a few eager market participants fretting that a systemic reversal has set in; but I maintain concern that the most remarkable matter is the shallow degree of conviction that continues to plague the market as a reflection of ‘summer’ liquidity. Looking to the US equity index, the slide through Wednesday seemed to generate the same degree of speculative surprise as the nominal record high earned the day before. Through it all, the medium-term (2 weeks) ATR continues to signal remarkable restriction inactivity. ‘Fear’ does historically pose a greater volatility threat than ‘greed’, but we are still some ways from signaling a market that is overriding its circumstances. Chart of S&P 500 Overlaid by VIX Volatility Index with 10-Day ATR (Daily) Outside of the S&P 500, the most recent measures of speculative charge present a clear reticence to throw weight behind unwinding or build up. From the more concentrated risk milestones, the tech-heavy FAANG and Nasdaq were in modest retreat this past session. More broadly, the breadth of speculative performance was seriously underperforming. With DAX, FTSE 100, and the Nikkei 225 slipping; the ‘rest of world’ VEU ETF was leaning back towards the floor of its rising wedge. The EEM Emerging Market ETF technically nudged its own trendline support. Carry trade in the FX column was also rousing dubious reversal threats with pairs like AUDJPY eyeing wedge/triangle support. Chart of AUDJPY with 20-Day Moving Average (Daily) IF A DOLLAR BREAKOUT CAN FALL APART, DON’T THROW TOO MUCH CONFIDENCE IN REVERSAL Where the benchmark US index was posing only a paper breakout and superficial reversal against that move, the Greenback urged a more impressive breakdown and then rebound. The scale of the DXY Dollar Index was certainly more impressive Tuesday and Wednesday, but the same shallow conviction haunts this benchmark currency. Just a day after slipping 92.50 and trading to a more-than-two-year low, the dollar posted its biggest single-day rally since June 11th to move back into the previous three-week range. While that may be a more impressive statistics in historical terms, this doesn’t pose much more confidence for intent than what the risk measures present. Chart of DXY Dollar Index with 20-Day Moving Average (Daily) Chart of EURUSD with Net Spec Futures Positioning and Consecutive Candles (Weekly) OTHER AREAS OF TARGETED VOLATILITY While the status of liquidity and the bearing of risk appetite remain my prevailing concern for their perspective on what the markets are capable of exacting, there are some interesting targeted flare-ups in other areas of the market. Trade wars for example continue to offer an important pressure with USDCNH and the Shanghai Composite stabilizing after President Trump offered a troubling perspective on the status of US-China relations. Another impressive performance would arise from gold which suffered its second-most intense single-day loss since June 2013. As far as escape velocity goes, that would seem to override the gravity of holiday conditions. I remain unconvinced. However, for those that believe the metal’s drop was just a side effect of the Dollar, an equally-weighted index of the commodity — priced in Dollar, Euro, Pound, and Yen — showed much the same drop. Chart of Equally-Weighted Gold Index in Dollar, Euro, Pound, Yen Terms (Daily) Again, TopAsiaFX has reportedly stated that another atypical area of activity to note this past session is one that seems to cater to liquidity well. EURCHF managed to urge a sharp move higher that fell outside event risk. The Swiss National Bank (SNB) has a clear mandate to try and ease the Swiss currency to support the country’s economic trade. Are they perhaps taking advantage of shallow markets to urge a speculative shift? Ahead, I will monitor event risk from Canada such as the ADP payrolls, the UK sentiment surveys (CBI and GfK), and anticipation for Friday’s August PMIs. Be mindful. GoodLuck!

US equities were stronger Monday, the S&P rising 0.3% to close once again just shy of February’s record high. European stocks were more robust as well, but it was a mixed picture in Asia; China’s CSI300 rose by 2.4% after a PBoC stimulus injection had investors speculating that it could mean a supportive monetary policy from the PBoC. The Asia open has gotten off to a resounding start with the S&P 500 racing higher after US House Speaker Pelosi expects bipartisan support for a House Coronavirus Bill. This is one of the few positives we’ve heard in some time from the Democratic side of the floor and one would suspect it would be politically advantageous timing for the Democrats to steal the limelight during the Democratic convention by announcing the stimulus deal. Muggy, sluggish, and unsettled conditions are typically mirrored in markets at this time of year and political malevolence and the lingering pandemic have only added to stresses in 2020. Still, it was another day where everything rallied except the US dollar. Indeed, it’s an ideal investor situation with all assets pretty much roped to the hip of US policy stimulus, and the expectation is for more to come. Yes, big tech is doing its part, but when the bearish argument is centering on the failure to make new record highs on the S&P 500, it would suggest sentiment is in a pretty good place, especially with high-frequency indicators that investors track for the US not indicating that the recovery is falling off the cliff. FOMC minutes should reveal a dovish narrative on yield curve control and average inflation targeting, which is already showing signs of soothing rates after the selloff last week. But given what’s already priced, the market is unlikely to reassess the Fed’s medium-term rate path meaningfully. At the same time, the policy is super supportive; yet it may still disappoint those looking for the bazooka. The equity vs. higher yield riddle is less of a puzzle this week as rising inflation breakevens have offset higher yields so far, but risks are rising. History does suggest the relationship between equities and inflation expectations has been powerful during the crisis as they rise from shallow levels. Inflation expectations themselves have been more correlated to small-cap stocks than they have to 10-year nominal yields, oil, or gold since 28-Feb. As for the US-China escalation drums beating in the distance, I’m starting to wonder if US investors even care anymore, viewing it more of an “Asia thing” or changing their tune if Trump makes a move in the polls which could embolden the US administration trade hawks. Gold Markets After plunging 10%, washing out leveraged players and retail buyers who arrived late to the party, bullion has made an enduring comeback as strategic asset allocators bought the dip only to be followed up as those very same players who were recently washed out were getting back in the saddle after a break of $1,960 triggered reverse buy stops and sending more players back on to the golden rally bus. The dollar is trading a bit weaker and some pre-FOMC positions squaring are taking place. And while the latest bout of volatility has likely shaken gold investors to the core, the broader macro backdrop remains broadly unchanged, suggesting more and more stimulus will be needed to mend and repair the global economy severely fractured by the coronavirus. So gold remains a viable diversifier asset in this type of environment. And all the while, the US-China escalation drums beat in the distance as Taiwan formally signed and agreed to buy F-16 jets in a move that is likely to be denounced by China. Gold traded firmly in Asia and Europe but jumped in late European and early US hours. The reason for the rally was not immediately apparent as the markets started the week with no exasperating economic or political drivers. US-Sino tensions appeared more relaxed, given the US Administration’s more conciliatory tone on trade. The fresh injection of liquidity by the PBoC seems to support Chinese equities and may have also helped lift gold. Japan reported weak Q2 GDP data, which may have boosted safe-haven bullion buying. The latter underscored just how fragile the market remains to another secondary coronavirus shock. A weaker USD helped the rally with the move up reinforced by lower US yields; the yield on the 10-year Treasury fell to 0.66% from 0.71% previously. Lending support to gold was the rising tally in coronavirus cases globally, notably in India. Slightly higher UST yields are not a rally capper; it means something else needs to do the heavy lifting. So with commodity and oil markets getting a bounce for the PBoC liquidity injections, it benefited gold as inflation breakevens rose to offset the slightly higher yields from last week. Currency Markets The dollar is doing what it should do: falling on lower US yields as dollar bears take their last kick at the can before the release of the FOMC minutes, which is kind of on script. Interpreting what the lack of progress on a US fiscal stimulus means for the USD remains difficult. When politicians are more concerned about the price of stamps in the age of e-mail than putting food on people tables, I’m not sure what to think of the messy state of US politics, which is enough to encourage perma dollar bulls to sell the greenback anyway. But with the congressional bill close to a deal, the USD implication depends on whether the market views the “risk-on” element in the countercyclical narrative where positive risk sentiment, even if driven by US exceptionalism, sees the dollar weaken. But the levels of ambiguity remain thick, so trading the dollar straight up isn’t the cleanest trade on the book. With USD short positioning already massive, there could be some concerns that the FOMC minutes don’t check off enough dovish boxes that could see another unwind of oversold dollars. PipsWin.com has stated that a clear break is needed for the momentum to extend. The level is pretty much in-line with the previous highs in EURUSD coming in at 1.1910/20. The Ringgit The Malaysian Ringgit should trade more favorably as the US dollar weakens on positive risk sentiment. Still, traders may hold a defensive posture, not willing to test 4.18 ahead of tomorrow’s FOMC minutes. I suspect the Ringgit will take its cue from the broader G-10 dollar movement today. Additionally, oil prices are trading at 5-month highs, which should be favorable for the Ringgit.

The dollar was down on Thursday morning, edging towards two-year low and reversing some earlier gains after the U.S. Federal Reserve stuck to a widely-expected script as its two-day meeting concluded on Wednesday. The Fed kept interest rates near zero and vowed to use all available tools to support the recovery from the most severe economic downturn “in our lifetime”, Fed Chairman Jerome Powell said at a virtual press conference on Wednesday. The Fed also tied economic recovery to an end to the COVID-19 pandemic, with Powell warning that there are signs that increases in the number of COVID-19 cases are starting to weigh on economic activity. But some investors were already looking ahead to Fed meetings scheduled for later in the year when bigger changes to the Fed’s strategy could be unveiled. The U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.15% to 93.295 by 11:20 PM ET (4:20AM GMT). The dollar has been on a days-long retreat over expectations that the Fed will continue its current monetary policy, and on speculation that it will allow inflation to run higher than it has previously indicated before raising interest rates. The USD/JPY pair was up 0.11% to 105.03. The AUD/USD pair was down 0.03% to 0.7184 and the NZD/USD slid 0.17% to 0.6656. The USD/CNY pair fell 0.06% to 6.9970 and the GBP/USD pair was down 0.03% to 1.2991. Meanwhile, Republicans and Democrats continue debates over the country’s latest stimulus measures. Investors will be looking to see whether the two sides can finally reach an agreement, with one day left before some earlier stimulus measures expire on Friday. Note: TopAsiaFX claimed that the dollar will rise up again in November 2020 or earlier.

The US dollar fell against all the major currencies last week and reached the lowest level against the euro since October 2018. The five-week slump in the Dollar Index is the longest since late 2017/early 2018. Although we were early dollar bears, the downside momentum appears stronger than the momentum indicators suggested last week. Even shallow dollar bounces have been sold. By and large, as we will see below, the momentum indicators continue to suggest a consolidative or corrective phase may be near. Yet, there does appear to have been a material shift in sentiment toward the dollar. Speculators in the futures market have been net long euros, for example, since mid-March. The change seems to be among asset managers, judging from flow reports and surveys, and interpolating from the options market, some levered participants as well. It also appears that the North American market is leading the current move. The dollar's decline should not be exaggerated. The year-to-date move has been modest. The strongest major currency has been the Swedes krona, which often acts as a high-beta euro. It has risen nearly 6% against the US dollar. Despite intervention by the Swiss National Bank, in the face of US threats to cite it as a currency manipulator, the franc's 4.5% gain in second-place behind Sweden. Meanwhile, Sweden's neighbor, Norway, sports the weakest of the major currency, with almost a 4.7% decline. Sterling's roughly 3.8% decline puts it just ahead of the Norwegian krone. The dollar's modest decline is not a material factor for policy or trade, even if the momentum gets noticed. Dollar Index: The downward pressure on the Dollar Index is evident in the fact that it has risen in four sessions this month, and once in the last 11 sessions, and none last week. It is at its lowest level since October 2018 and finished the week on its lows. For the better part of three weeks, it has been sliding down with the lower Bollinger® Band (~94.55). The next area of chart support is seen in the 93.75-94.00 area. The momentum indicators are still falling but stretched. Euro: The euro will take a six-day advancing streak into next week. It not only pushed above $1.15, but it crossed and settled above $1.16 as well at new highs for the move (~$1.1645). The euro finished last month, near $1.1230. Although some narratives link the euro's strength to the EU Recovery Plan, July will be the third consecutive monthly gain for the euro, the longest such move in three years. The MACD is still trending higher, while the Slow Stochastic is arching, set to turn down in the coming days. Rarely has there been a session in the last few weeks that the euro did not bump against or through the upper Bollinger Band. Initial support may be in the $1.1550-$1.1580 bands. Japanese Yen: With the Tokyo market closed before the weekend for the Health and Sports Day holiday, foreign exchange dealers took the dollar below the JPY106 level that has marked the floor since March. The JPY105.20 area marks the (61.8%) retracement objective of the rally from the March low (~JPY101.20), and a move below JPY105 would begin escalating the pain of yen strength on many Japanese companies. The yen's strength, as exaggerated as it may be without Tokyo, coupled with the weakness in Asian and US shares ahead of the weekend, warning of the risk of catch-up on Monday. Resistance now will likely be seen ahead of previous support around JPY106.65. British Pound: Sterling made new highs for the month, a little shy of the $1.28 level. The June high, which is highest since the panic struck in March, was a tad above $1.28 and near the upper Bollinger Band (~$1.2810). The next important chart point is not until closer to $1.30. The momentum indicators are stretched but still moving higher. Support is likely to be found near $1.2700. The euro is firm against sterling. It bounced smartly off the GBP0.9000 level tested following a reversal at the start of the week after reaching almost GBP0.9140. The euro needs to take out the GBP0.9180-GBP0.9200 area to be meaningful. Canadian Dollar: The US dollar convincingly broke below the CAD1.3500 shelf that had been forged ahead of the 200-day moving average (~CAD1.3515). It fell to around CAD1.3350 before consolidating ahead of the weekend by straddling CAD1.3400. The June low was near CAD1.3315. The greenback fell every day last week versus the Canadian dollar for a 1.3% decline. It finished last month by CAD1.3580. The momentum indicators are just about to enter the over-extended territory. A possible head and shoulder pattern may have been carved since mid-June, and if valid, 1) it would project toward CAD1.3200, and 2) suggests the CAD1.3500 area offers resistance. Australian Dollar: The Aussie shot up through $.0.7180, its highest level since April last year. A little profit-taking was seen in the previous two sessions, and the Aussie found bids ahead of the $0.7050 area, now expected to be supported. It managed to hold to a solid 1.4% gain for the week to extend its streak to the fifth consecutive week and put it into positive territory for the year. A couple of hundredths of a cent decline in the face of the nearly 4% drop in the Shanghai Composite illustrates a more significant point we have made about the decoupling of the two. Still, the technical indicators are flashing a yellow sign as they have failed to confirm the new highs. Mexican Peso: The dollar's roughly 0.8% decline against the peso last week gave back the previous two weeks of gains and maintaining the broadly sideways trading range since mid-June. The greenback has given up nearly 3/4 of the prior month's 3.6% gain. The Slow Stochastic appears curling higher, while the MACD has almost flatlined. The lower volatility makes Mexico attractive for carrying trades, but the strength of the Swiss franc and yen discourage their use, leaving the dollar as arguably the cleanest expression. A near-term downtrend line from earlier this month held before the weekend and begins the new week near MXN22.60. The month's low so far is about MXN22.15. Chinese Yuan: The dollar posted a key upside reversal against the yuan in the middle of last week, making a new low for the move (~CNY6.9650) before shooting up and closing above the previous day's high. Follow-through buying was seen in the last couple of sessions, and the dollar finished the week near CNY7.02, a two-week high. Linking the yuan's weakness to the political tit-for-tat consulate shutdowns does not necessarily mean manipulation by Chinese officials. The operative channel could be the equity market where the Shanghai Composite has fell by a little more than 4% over the past two sessions, and the Shenzhen Composite shed 5%. The momentum indicators favor dollar gains, but with the greenback's losses before the weekend in North America warns of the likelihood of a lower fix. Gold: The rally continued with the yellow metal rising every day last week, reaching nearly $1906.50 at the end of last week. It will take a six-day rally into the last week of July. Its resilience in the face of the heavier tone in the equity markets will support the arguments seeing it has a hedge to equities. There are two obvious targets. The first is the record high from 2011 a little above $1921, and the other is the round, psychological level of $2000. It is difficult to talk about resistance in never-before-seen prices, but if our view of interest rates and the turn in the dollar cycle is fair, then $2500 might not seem unreasonable. Oil: After rallying to start the week and selling off in the second half, the September WTI contract finished the week little changed a little below $41 a barrel. The week's high was about $42.50, which closed the breakaway gap created in the March disruption. Around $41.70, the contract reached the middle of this year's range. Before the next retracement (61.8%) near $46.35 comes the 200-day moving average (~$44.35). The MACD did not confirm the high. The Slow Stochastic did but has still turned lower. This month, September WTI has not closed below its 20-day moving average ($40.60) and offered support ahead of the weekend. US Rates: Disappointing preliminary PMI on the heels of the first increase in weekly jobless claims, and the end of the S&P 500 three-week rally saw the 10-year yield slip to 55 basis points at the end of last week, the lower end of the range since March. Still, it managed to close around 58 bp to end a four-day decline. The focus is on the Federal Reserve meeting and the negotiations over the next fiscal package, while the virus sets the general parameters. The 10-year yield has drifted lower for the past three weeks after finishing June near 65 bp. The two-note yield has been in a three basis point range this month (~13.5-16.5). The effective (weighted) average fed funds rate, which the futures contract settle against, has quietly crept higher. Both last week and the previous week, the effect rate rose to 10 bp. Recall that as recently as June 1, it was at five basis points. The secured overnight financing rate is also trading firmly around 12-13 bp at the high over the past two weeks. Many are linking it to the Fed's decision to lift the minimum bid rate for its repo facility earlier this month. Credit: TopAsiaFX

American Inflation Figures Due Out Later Today UK GDP Numbers Hurt Pound US Markets Boosted by JPMorgan Earnings The EUR/USD has recovered slightly on Monday passing through the key 1.13 mark again as the Forex market awaits data from US CPI numbers as European industrial production figures came in strong. This was not matched in the UK where a GDP slip was matched by weak trading of Sterling. Futures markets in the US meanwhile have been boosted by much better than expected earnings report from JPMorgan Chase even though coronavirus case numbers continue to soar. Euro Boosted by Positive Data as CPI Figures Awaited The EUR/USD major market has struggled in trading in the last week. The Euro steadily lost any ground it had gained during the perceived coronavirus recovery and reopening as case numbers continued to bounce back strongly amid fears of a second wave of infections across the US. This drove many in Forex trading, back to the relative security of the US Dollar, and as its status as a safe haven currency lived up to the name. Today though, a slight correction has occurred, with the Euro once again positively crossing over the 1.13 trading mark. With only American CPI data due later today, this movement appears to be more in response to positive data coming from the EU with German economic sentiment coming in close to the estimate at 59.3, and industrial production showing strong growth of 12.4% for May. GBP Trading Slips on Poor GDP The Pound has been continuing to show weakness against the US Dollar over the same recent period as the Euro, and for many of the same reasons. The UK unfortunately has a couple of additional headaches to add to the mix which has contributed to a more difficult recovery for the currency than their European counterparts. The broadest of these are the Brexit negotiations which continue to drag on, but the one which has caused the latest slip is GDP figures released today. These numbers came in disappointingly low and well below what had been estimated. The British economy registered a growth of 1.8% in May. This is compared with a projection of more than 5% that had been expected by analysts. Forex brokers noted this poor result as being the likely driver of the GBP/USD further downward where it remains under pressure close to $1.25. American Markets Set to Open Higher on JPMorgan Boost The Dow Jones, which gave away gains of more than 500 points to finish yesterday’s trading session just about where it had started, is looking to get back on track today. The index is pointing toward opening gains of more than 150 points despite the fact that COVID19 cases continue to rise in record numbers. This positivity has largely been garnered by stronger than expected revenue numbers for JPMorgan in Q2. The bank reported revenues of $33 billion, exceeding the $30.3 billion estimate, given the markets, and the bank’s share price a pre-market lift.

The Zimbabwe dollar eased slightly by 3.2 percent to $65.80 to US$1 in the third weekly auction run by the Reserve Bank of Zimbabwe (RBZ) yesterday with most bids moving into a tighter range and private businesses now expressing far more confidence in the new system. The ruling rate, which is a weighted average of auction deals, has drifted from $57.36 in the first week, to $63.74 last week and now to $65.80, with the downward drift slowing as the market, designed to match export earnings to import demand through pure market forces, become more established and gains the confidence of both buyers and sellers. The number of applications submitted yesterday dropped to 264 against 316 received for the second weekly auction but was still well above the just over 90 in the first auction. The total of bids fell from roughly US$18 million to US$15.8 million while the successful bids went down to US$13.6 million from about US$16 million last week. Part of this was the rejection of 92 bids, partly for duplicate bidding but also because some bidders simply do not offer enough to make the list. Companies are allowed just one bid at each auction, with all bids from operating units and subsidiaries being consolidated. This measure was put in place to reduce the risk of speculative bidding. But under bidders now also risk rejection. The lowest bid in yesterday’s auction was $30, but all bids below $55 missed the cut as the RBZ enforces the rule that bids are allocated in order from the top-down, once any bids that do not fulfill bidding rules are eliminated. This means that those who bid in very low ranges are highly unlikely to be allocated anything. The top bid is also falling as bidders continue to move closer to what markets suggest is likely to be the average rate. Yesterday’s top bid was $90, down from the $92 last week and $100 in the first auction. Successful bidders have to pay what they offer, and yesterday’s top bidder paid almost 37 percent above the average. The insistence on making all successful bidders pay exactly what they offer, while at the same time eliminating those whose bids are too low to make the list for allocation from the available currency on offer, are both designed to push bidders into making realistic bids based on economic fundamentals. Yesterday the most successful bids were between $60 and $70 as more bidders read the markets and study fundamentals such as the balance of payments, local currency money supply, and government budgeting. They then try and calculate the price that will ensure their bid is successful, in a market built around supply and demand, but without paying too far above the average. Authorities have indicated that they expect the new market-determined exchange rate to guide pricing by businesses as new stocks with the foreign currency component paid from auction allocations reach the shelves. Many producers and retailers were using the black-market rates in the last few months following a freeze in the official rate in a desperate attempt to calculate replacement values, but that market is small compared to the official market, is easy to manipulate, and can fluctuate wildly. As the auction system moves increasingly into the desired equilibrium between export earnings and import demand, producers and retailers should be able to make far better predictions over what pricing levels will keep both viabilities and make products more affordable to their customers. The desired pricing process has been jump-started with bread prices, which now track the auction-rate following an RBZ decision to allocate currency from its own reserves to flour millers at this ruling auction rate to import wheat. A total of US$13.6 million was allocated to various industries and sectors of the economy through the auction system yesterday, which was opened to the media for the first time as well as observers from the major organizations representing business sectors. Once again raw materials and similar imports, such as spare parts and chemicals, required by producers dominated the allocations. The openness is part of the RBZ program to boost confidence that the auctions are open and transparent and are not being manipulated. Business groups confirm that the confidence in the auction system is growing. Confederation of Zimbabwe Industry chief executive officer Ms. Sekai Kuvarika said there was positive feedback from CZI members that have been submitting bids. CZI groups industrialists, and especially the leading industrial concerns, and probably represents the majority of successful bidders. “In my view, there is a steady increase in demand for the forex in the auction. Between the auction sessions, you can see the market is responding to this opportunity to procure forex formally,” Ms. Kuvarika said. Contrary to what has been circulating on social media, CZI said bidders were receiving their allotments between 24 and 48 hours after the auction. “What we have received as feedback is that for all companies that were awarded their bids, their money has been paid and that brings confidence that they get their bids approved as well as early transfers of the money to their accounts. “You can see an incremental increase in that the demand is increasing which may mean that the confidence is also increasing,” said Ms. Kuvarika. Top economist and member of the RBZ Monetary Policy Committee Professor Ashok Chakravarti said circumstances surrounding the current auction are different from the 2004 setup and therefore must not be judged based on that past failure. “I think we need to understand that the situation in 2004 and today is fundamentally different. In 2004 the RBZ tried to fix the rate but now that is not the case as we have a clear policy which is anchored on free adjudication,” Prof Chakravarti said. In 2004, Zimbabwe had no control over the national budget deficit and accelerating money supply, which increased pressure on the foreign exchange resource, a situation he said is now quite different. The RBZ reiterated its commitment to ensuring the auction dynamics continue to be determined by forces of supply and demand. Central Bank Governor Dr. John Mangundya said the auction is a process of price discovery. “There is no bias because we are allotting at their own price (what bidders offer). We are using the Dutch auction system. Everyone who is buying foreign currency is suggesting their own price,” Dr. Mangundya said. RBZ invited foreign currency holders — exporters and NGOs —to join the auction and add to the foreign currency supply. Credit: TopAsiaFX

Forex trading has proven to be a steady source of income for many traders across the globe. The amazing statistics in 50+ Forex & Trading Industry Statistics & Trends show why Forex trading is gaining increasing popularity in the business world. Sadly, many traders are not getting a corresponding value for their efforts. They mistakenly chose the wrong trading platform, a costly mistake. This article provides addresses this issue, gives some practical trading tips, and intimate you with the benefits of Forex Trading. Why Forex Trading? If you are still skeptical about creating a source of income from Forex trading, consider some of the reasons why it will turn out to be a good investment decision: 1. High Liquidity Liquidity is one of the hallmarks of the Forex market. No other market comes closer. This implies that the market enjoys an influx of sellers and buyers who are looking for an opportunity to trade on the market. Thus, companies, individuals, and banks make $5 trillion worth of transactions daily. With its high liquidity that ensures swift transaction completion, the market offers you the opportunity to trade in your preferred investment idea with ease and make some money for your efforts. 2. No Time Restriction Forex trading is done around the clock because the Forex market has a global presence. Regardless of your schedule, you can participate in the market at your convenience once the market is open for transactions in any part of the world. To leverage this, be conversant with market activity in countries that are active. That way, you are guaranteed to make money at your convenience without the unwanted time restrictions associated with most businesses. Thus, if you are looking for an investment opportunity without time restriction, Forex trading is your best choice. 3. Several Investment Opportunities With Forex trading, you have several investment opportunities to invest in. Some of the available investment options in the market for investors and traders with different investment needs are: Commodities: Stocks are not the only available investment options in Forex trading. You can trade commodities such as agricultural goods, livestock, coffee, gold, and others too. Other commodities include beef, grain, precious metals, crude oil and its derivatives such as gasoline. Stocks: Stocks are great investment assets for shrewd investors. As an investor, including stocks in your portfolio, is a surefire way to increase your financial power. You can purchase companies' stocks and make impressive Return on Investment in the future. Crypto assets: If you are a Cryptocurrency enthusiast, invest in digital currencies. Since the first cryptocurrency was developed a decade ago, several others have been released into the Cryptocurrency market. As a booming industry, investing in crypto assets will be a smart move. The article "Crypto Trading: What is Cryptocurrency Trading?" gives a detailed guide on trading crypto assets. The covers how it works as well as factors that move the market. Hence, if you are not passionate about any of the above options, you can move to the next. You're not stuck with an investment idea you are not comfortable with. Forex trading platforms have a well-defined mission. They are dedicated to providing well-researched resources that include data, useful news, and content that will not only empower readers and prospective traders cum investors but will equally allow them to boost their chances of making it through Forex trading. On a daily basis, you can update your Forex trading knowledge through the available information provided by these platforms, a necessity if you desire to be on top of your game and increase your success chances. Economic Calendar The Economic Calendar is a must-have tool. It helps you to stay connected with economic events in the industry. From the convenience of your device, you can track market indicators and explore valuable historic events too. Keeping up with developments in the market can make a huge impact on your trading since you are conversant with every piece of information that can help you to make wise trading decisions. Holidays Calendar Since Forex trading is done on a global scale, the Calendar intimates you with holidays around the world. It also provides an overview of stock exchange status across the globe as well. With this piece of information at your fingertips, you can identify exchanges that will soon be close to the business. You can also get relevant information about the exchange of a specific country by filtering your search by country. The Calendar will display all upcoming holidays in the country of your choice. Currency Converter The Converter comes in handy when trading currencies. You can make conversions from one currency to another with ease. This tool enables you to know the real-time value of currencies you want to trade. You will also find the Converter useful as a Cryptocurrency trader. Making payments in different currencies is easier when you can make conversions swiftly. The article "Top Nine Forex Trading Tools That Every FX Trader Must Have" gives detailed information on the nine must-have Forex trading tools you must-have in the tour toolbox. What if you have zero trading knowledge and will need a little professional assistance? Well, not everyone is a pro trader. Yet, your lack of the required trading knowledge shouldn't be enough to prevent you from earning an income from trading. You can hire the services of a proven broker to cover your inadequacies. Also, if you work with a regulated brokerage company then you'll also be getting a lot of advantages such as the latest trading news, effective Forex strategies, daily Forex signals, and what not? Hence, regardless of your location or trading experience, you can find a broker that meets your investment or trading needs. Go through the options before you make a choice. Forex trading offers you a steady stream of income once you are familiar with the concept. You can trade from the convenience of your room or hire an experienced broker to handle your trading. Regardless of your trading choice, rest assured that you have a global market to trade and make passive income for as long as you wish. However, before committing your hard-earned money to Forex trading, do a background check of the available trading platforms, investment opportunities, and credible brokers, especially if you won't personally handle the trading. This increases your success chances in the Forex trading market. While you have an avalanche of trading platforms to choose from, the MetaTrader5 comes very handily in the picking. MT5 offers high-quality features that include the provision of all the necessary trading tools and a comprehensive review of brokers to enable you to hire the services of a tested and proven professional. Thus, you can leverage its zero charges to kick-start your trading. You'll find its guide useful while its updated trading-related pieces of information will keep you abreast of the development in the industry.

Welcome, everyone. A new BLAST has just arrived. Trading on the Forex market is not easy. Despite this, a number of traders are still able to consistently make profitable returns. Part of the reason for this is that they successfully use Forex trading indicators. The existence of the ‘best Forex indicators’ implies that the Forex market is not a random walk, as some economic theories contend. The flaws of human psyche mean that markets do not always behave rationally. Forex markets have a tendency to behave in certain ways under certain conditions. This behavior repeats itself, meaning that certain price patterns will occur time and again. The best Forex indicators attempt to recognize such patterns as they form, and they gain an edge by exploiting that knowledge. Make sure to use feature-rich trading software, such as MetaTrader 5 (MT5) to spot more opportunities. Which Are The Best Indicators For Forex & CFD trading? The best Forex currency indicator will be the one that suits your own trading style and psychology. However, there is no single Forex best indicator that fits all trader styles. The good news is there is a wide variety of Forex technical indicators available. With time and experience, you should be able to find the right indicators for you. Great Forex Indicators For Following Trends As noted earlier, there are a lot of contenders for the most popular Forex indicator — and some get quite complicated, for instance, Forex technical indicators which measure ‘open prices’, ‘highs’, ‘lows’, ‘closing prices’ and ‘volumes’. This is why you should start with more simple Forex trading indicators. Let’s check out some of the different types of forex indicators: Simple Moving Average A Simple Moving Average (SMA) is the average price for a specific time period. Here, the average refers to the arithmetic mean. For example, the 20-day moving average is the average (mean) of the closing prices during the previous 20 days. Why use the SMA? The purpose of the SMA is to smooth out price movements in order to better identify the trend. Note that the SMA is a lagging indicator, it incorporates prices from the past and provides a trading signal after the trend begins. The longer the time period of the SMA, the greater the smoothing, and the slower the reaction to changes in the market. This is why the SMA is not the best Forex indicator for receiving advanced warning of a move. But here’s a good aspect — it is one of the best Forex trend indicators when it comes to confirming a trend. The indicator usually operates with averages calculated from more than one data set — one (or more)within a shorter time period and one within a longer time period. Typical values for the shorter SMA might be 10, 15, or 20 days. Typical values for the longer SMA might be 50, 100, or 200 days. You might be wondering — when does it signal a trend? It signals a new trend when the long-term average crosses over the short-term average. If the long-term average is moving above the short-term average, this may signal the beginning of an uptrend. If the long-term average is moving below the short-term average, this may signal the beginning of a downtrend. You can experiment with different period lengths to find out what works best for you. Exponential Moving Average While similar to the simple moving average, this Forex trading indicator focuses on more recent prices. This means that the Exponential Moving Average (EMA) will respond quickly to price changes. Typical values for long-term averages might be 50-day and 200-day EMAs. 12-day and 26-day EMAs are popular for short-term averages. A very simple system using a dual moving average is to trade each time the two moving averages cross. You then buy when the shorter moving average (MA) crosses above the slower MA, and you sell when the shorter MA crosses below the slower MA. With this system, you will always have a position, either long or short for the currency pair being traded. You then exit your trade when the shorter MA crosses the longer MA. The next step is to place a new trade in the opposite direction to the one you have just exited. By doing this, you are effectively squaring and reversing. If you don’t want to be in the market all the time, this is not going to be the best Forex indicator combination. In that case, a combination using a third time period might suit you better. A triple moving average strategy uses the third MA. The longest time frame acts as a trend filter. When the shortest MA crosses the middle one, you do not always place the trade. The filter says that you can only place long trades when both shorter MAs are above the longest MA. You can only go short when both are below the longest MA. Trading with a Demo Account The trader also has the ability to trade risk-free with a demo trading account. This means that traders can avoid putting their capital at risk, and they can choose when they wish to move to the live markets. For instance, Admiral Markets’ demo trading account enables traders to gain access to the latest real-time market data, the ability to trade with virtual currency, and access to the latest trading insights from expert traders. The Moving Average Convergence Divergence (MACD) Indicator source: EURUSD Chart Displaying MACD Settings MT4SE Moving Average Convergence/Divergence (MACD) is a Forex indicator designed to gauge momentum. Not only does it identify a trend, but it also attempts to measure the strength of the trend. In terms of giving you a feeling for the strength behind the move, it is perhaps the best indicator for Forex. Calculating the divergence between a faster EMA and a slower EMA is a key concept behind the indicator. The indicator plots two lines on the price chart. The MACD line is typically calculated by subtracting the 26-day EMA from the 12-day EMA, and then a 9-day EMA of the MACD is plotted as a signal line. When the MACD line crosses below the signal line, it is a sell signal. When it crosses above the signal line, it is a buy signal. You can set all three parameters (26, 12 and 9) as you wish. As with moving averages, experimentation will help you to find the optimal settings that work for you. The Bollinger Band Source: EURUSD Chart Bollinger Band Example MT4SE Any list of proven best Forex indicators needs to include some form of volatility channel. A volatility channel is another method of identifying a trend. It uses the idea that if the price goes beyond a moving average with an additional amount, a trend may have then begun. A Bollinger band is a volatility channel invented by financial analyst John Bollinger, more than 30 years ago. It is still among the best indicators for Forex trading out of the various volatility channel methods available for Forex traders. The Bollinger band uses two parameters: The number of days for the moving average The number of standard deviations that you want the band placed away from the moving average The most common values are 2 or 2.5 standard deviations. In statistics, the standard deviation is a measure of how spread apart the values of a data set are. In finance, standard deviation acts as a way of gauging volatility. What’s the bottom line? A Bollinger band will adjust to market volatility. It widens as volatility increases and narrows as volatility decreases. A long-term trend-following system using Bollinger bands might use two standard deviations and a 350-day moving average. You would initiate a long position if the previous day’s close was above the top of the channel, and you might take a short if the previous day’s close is lower than the bottom of the band. The exit point would be the point when the previous day’s close crosses back through the moving average. Fibonacci Retracement Source: EURUSD Chart Example Of Fibonacci Retracement MT4SE Fibonacci retracement indicator is based on the idea that after an extreme move, a market will have an increased chance of retracing by certain key proportions. Those proportions come from the Fibonacci sequence. This is a sequence of numbers known since antiquity but was popularised by the Italian mathematician known as Fibonacci. The modern sequence begins with 0 and 1. Any subsequent number is the sum of the preceding two numbers in the sequence. For example: the sequence begins — 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233… The Fibonacci ratios come from these numbers. The most important ratio is 0.618. This number is calculated by looking at the ratio of one number to the number immediately following it in the sequence. This value tends to move toward 0.618 as you progress through the series. For example, 89/144 = 0.6181 and 144/233 = 0.6180. This is derived from the ratio of a number to another number two places further on in the sequence. The ratio tends to move toward 0.382 as you progress through the series. For example, 55/144 = 0.3819 and 89/233 = 0.3820. The last important key ratio is 0.236. This is derived from the ratio of a number to another number three places on in the sequence. What does this all mean? The theory is that after a major price move, subsequent levels of support and resistance will occur close to levels suggested by the Fibonacci ratios. So it’s a leading indicator — and it is intended to predict price movements before they occur. This is in contrast to the indicators that use moving averages, and which only show trends once they have begun. There is an element of self-fulfilling prophecy about Fibonacci ratios. There are many traders who may act on these expectations and, in turn, influence the market. Final Thoughts The best indicator for Forex trading will be the one that works best for you. You may find it is effective to combine indicators using a primary one to identify a possible opportunity, and another as a filter. The filter would determine whether the overall conditions are suitable to trade. As with most other activities, you will learn how to trade effectively with indicators by practicing. Good Luck!

FOREX trading can be profitable but it also involves taking risks. It's imperative that beginners understand this before starting out because miscalculating risks could cut their Forex trading career short. The Forex market is highly competitive with large institutions, hedge funds, and professional traders all battling it out to make a profit. This is why as a beginner you must learn to survive long enough to gain the necessary knowledge to become a profitable trader. It takes time to learn, create, and refine your Forex trading strategy into one that makes money and suits your personality, skills, and time. Safety is the number one priority for beginner traders. Any substantial losses will damage your confidence and could even lead to you quitting altogether. Look to play the long-term game and become an expert rather than just trying to make a quick buck. In this beginner's definite guide, I will outline everything required to help ensure you're around long enough to have a chance of reaching consistent profitability. Rule 1 – Cut your losses Many professional traders will tell you that trading is a process of cutting the losers and feeding the winners. It's therefore important that you do not add to a losing position. If the trade does not go in the direction you hoped then this means your analysis was wrong and the trade should be closed. As the legendary Ed Seykota says: "If you can't take a small loss, then eventually you will take the mother of all losses" It's important not to get to emotionally attached to trade, losers happen it's just part of the game and that needs to be accepted. Most professional traders have a win rate of somewhere between 40-60%, which means they are wrong 60-40% of the time. Trading is just about making money, and to make money you don't need to be right all the time. However, you do need to make sure you cut the losing trades quickly and avoid taking large losses that hit your confidence and wallet. FOREX trading can be profitable but it also involves taking risks. It's imperative that beginners understand this before starting out because miscalculating risks could cut their Forex trading career short. The Forex market is highly competitive with large institutions, hedge funds, and professional traders all battling it out to make a profit. This is why as a beginner you must learn to survive long enough to gain the necessary knowledge to become a profitable trader. It takes time to learn, create, and refine your Forex trading strategy into one that makes money and suits your personality, skills, and time. Safety is the number one priority for beginner traders. Any substantial losses will damage your confidence and could even lead to you quitting altogether. Look to play the long-term game and become an expert rather than just trying to make a quick buck. In this beginner's survival guide, we will outline everything required to help ensure you're around long enough to have a chance of reaching consistent profitability. Rule 1 – Cut your losses Many professional traders will tell you that trading is a process of cutting the losers and feeding the winners. It's therefore important that you do not add to a losing position. If the trade does not go in the direction you hoped then this means your analysis was wrong and the trade should be closed. As the legendary Ed Seykota says: "If you can't take a small loss, then eventually you will take the mother of all losses" It's important not to get to emotionally attached to trade, losers happen it's just part of the game and that needs to be accepted. Most professional traders have a win rate of somewhere between 40-60%, which means they are wrong 60-40% of the time. Trading is just about making money, and to make money you don't need to be right all the time. However, you do need to make sure you cut the losing trades quickly and avoid taking large losses that hit your confidence and wallet. Rule 2 – Don't take excessive risks As we are now aware, Forex trading involves accepting you will have losing trades. If you risk half of your account on a single trade, then it only takes two losing trades in a row and you're out the game. You want to know exactly how much you are prepared to lose on a single trade before you go ahead with it. A recommended amount would be 1% of your account per trade, this way your account is always 100 trades away from going bust. This means if your account size is €5000 then you will risk €50 on each trade. Using a percentage amount of your account is much better than a fixed currency amount, no matter what currency you choose to focus on. This way when you go through a losing streak your position sizes will automatically get smaller and during a winning streak, your position sizes will get bigger. Rule 3 – Use stop losses As a beginner, you want to be placing stop losses with your Forex broker on each trade. This way when price moves to a certain point the trade will be automatically closed and prevent the temptation creeping in of holding onto losers. Stop losses also allow you to position size correctly and make sure you have a defined exit point before making a trade. All professional traders know their criteria of where they will enter and exit a trade. Having an initial stop loss is part of every successful trading strategy. Rule 4 – Beware of margin and leverage Forex brokers offer their customers leverage and margin to allow them to gain more exposure in the markets. Currency pairs in the Forex market generally only move by incremental amounts each day (between 0.1 – 1.5%) although at times can see increased volatility. Traders use leverage to take bigger positions so they can make more profit out of these small moves. There is a flip side to having this leverage. You now also have the potential to increase the size of your losses. In fact, the margin offered can allow you to take positions that far exceed the size of your account. Discipline is required so you don't risk any more than you can afford to lose when Forex trading. It's possible to lose more money than what's in your account and if you do you will be issued a margin call. A margin call is when your Forex broker contacts you to request a deposit that brings your account out of its negative balance. Rule 5 – Have a trading plan This covers all the topics mentioned above. Having a trading plan ensures you know before every trade how much you are prepared to lose, what your entry point will be, where your stop loss will be, and what the profit target is. You want to find a trading style that appeals to you and fits around your lifestyle. This could be day trading, swing trading (intermediate-term), or longer-term position trading. There are also many different ways the markets can be analyzed, including different forms of fundamental and technical analysis. You might choose to use exclusively technical analysis, either way; this should be outlined in your trading plan. Definitive guide summary If you follow the rules outlined in this guide you will avoid the risk of disaster. You will gain real experience trading with real money which is a necessary step to becoming a profitable trader. Not following these rules would be more akin to gambling, choose to use your brains instead when trading rather than just following a gut feeling. This is what 90% of losing traders do and whilst it is possible to get lucky, it's more likely you won't be and will end up frustrated with trading. A large majority of beginner Forex traders give up, don't let this be you. Forex trading is an amazing skill and when you become competent the rewards can be incredible. Forex trading can be a great way to build wealth and can be done from anywhere in the world. All you need is a connection to the internet. Some of the world's richest people are professional investors in the financial markets; this proves the potential on offer.

https://www.mimforex.com The easiest way for you to earn while learning is here How will you feel if you have total control every aspect of your life? get easy to follow trade ideas for the markets sent to your phone. never miss an opportunity to make a profit. Get started with the link above

Welcome to the new topic "6 Professional Trading Tips That is Rocking The 2020 FX Market. " Starting a new year with the goal of expanding your portfolio is always a good thing. It doesn't matter whether you are investing in company shares, stocks, CFDs, or Forex. There's always room to learn a few tricks on how you can build a portfolio with a variety of assets. The main reason many people engage in Forex trading is that foreign currencies are always on demand. The foreign exchange market is currently the largest and the most liquid financial market in the world. It's highly lucrative, which is the reason many people are trading with Forex nowadays. Forex trading is also risky; that's why it is essential to know what you are getting into. Here are a few things to remember when trading Forex. 1. Platforms aren't Created Equal The platform you chose for Forex trading greatly determines your chances of succeeding. There are hundreds of platforms and trading software available online. Unfortunately, many people don't vet these platforms before committing to trade with them. Some Forex platforms you see online can't provide accurate Forex quotes, while others may include numerous ads that slow down the software. If you want to succeed in Forex trading, start on the right foot by signing up with a reliable platform such as the Saxo Capital Markets. Saxo markets is an award-winning Forex trading platform that has been in the market for 25 years. It has served over 800,000 customers over the years, and it allows you to trade major Forex pairs from 0.4 pips. 2. Adopt Multiple Strategies Many people fail in Forex trading because of adopting a single trading strategy. If you want to succeed in Forex trading, you have to do things differently. As an investor, you should learn multiple trading techniques such as position trading, scalping, day trading, among others. When you learn various trading techniques, you can easily adjust depending on the market demands. 3. Choose the Best Broker There are thousands of Forex brokers in the market today, and they aren't created equal. Many people choose to work with brokers, especially when they don't have enough time to keep tabs with the movements in the market. Therefore, it's critical to choose an experienced and reputable broker to trade on your behalf. As a rule of thumb, it would be wise to hire a registered broker than to trust your money to a non-regulated broker. Again, it's not wise to enter into contracts with foreign institutions. If possible, stick to Forex brokers from your country and make sure they have the relevant licenses. Licenses from overseas institutions may be worthless, considering they are in a different jurisdiction. Also, a better broker will provide you a lot of extra services such as they will give you strategies, latest news, Forex trading signals, etc. 4. Separate Emotions from Forex Trading Many investors make the mistake of getting carried away by emotions when trading Forex. For instance, an investor who lost money may have problems trusting their judgment while an individual who won a jackpot may become overconfident. When you lose your money, give yourself some time to process the information. Don't make the mistake of reacting in haste to make up for your losses. On the other hand, if you make some profits, don't get carried away by greed and be tempted to trade immediately. 5. Learn, Learn, and Learn Forex trading is constantly evolving. Therefore, you have to continuously educate yourself to keep up with the current trends. The Internet is a valuable source of information on Forex trading. Dig deep into the internet and learn about the existing trading tricks, factors affecting the Forex market, and how to manage risks when trading Forex. Every time you see a new opportunity, practice due diligence before you can embrace it. 6. Learn from Your Past Mistakes Trading Forex can bring numerous opportunities. However, it's also risky, and you may find yourself dealing with a considerable loss. Nearly every trading expert has experienced some loss while trading Forex. However, they quickly learned from their mistakes to become the best in the industry. If you want to have a successful career trading Forex, you must learn from your mistakes and those of other traders.

Hey, everyone. A new BLAST has arrived. So, welcome to today’s topic which is DEFINITELY gonna shed a light on few misconceptions that many people have concerning the Foreign exchange market. It is no doubt that Forex trading is at the highest peak of popularity. People are continuously choosing online trading as a decent and passive profession. But there are some people in our society who have gained several misconceptions about the FX market on their minds. But wait — there’s more. They also encourage other people to believe in their misconceptions regarding the FX market. Therefore, we have to stop this misconception from spreading, together obviously. So, today I’ll be sharing 6 misconceptions that most people have concerning the FX market. Let’s rock and roll! 1. FX trading is easy as water Trading currencies shouldn’t be that difficult, right? Well, it isn’t rocket science, but it’s not really safe to say that it’s “easy”. Everyone, or at least everyone except professional traders, says that you only need to read a book or two about trading, set up a brokerage account, and you can jump right to making profits in the Forex market. Deep down you know it’s not true! Well, sorry to disappoint you, but understanding the trading method isn’t a cup of tea, and if you’re in for a quick turnover, you’re in for a rude awakening. Understanding Forex trading takes a massive amount of education regarding the market, strategies, risk management, active Forex trading times, technologies and tools, and Forex market jargon. Besides, you’ll also have to acquire a few years of experience to be able to place winning trades that will bring you a considerable profit. So, if you are a beginner, spend some time getting educated on everything related to the market and trading currencies. 2. Trading demands a Degree in Economics. As mentioned earlier in the topic, understanding how to trade Forex is anything but easy. Yet, on the flip note, you also don’t need to have a degree that says you are an economics wizard to understand how trading currencies work. Now, there’s no doubt that the more you know about world economics and economic concepts, the easier it’s going to be to trade foreign currencies. Yet, it isn’t an imperative factor that will decide whether or not you can be a trader. In fact, many Forex traders come from various academic backgrounds, not only economics. Yet, to be a successful trader, you’ll need to have a good head for numbers, an intuition to help you estimate where is the market heading, and the ability to react and make critical financial decisions depending on the market-moving events. 3. You don’t need to start with a demo trading account Like I’ve mentioned earlier, you’re in for a rude awakening if you think you can start trading and make profits immediately as a beginner. Even after you learn the basics of the Forex market and trading, you still need to test your trading skills out before you jump into the market. Or, at least that’s what you should do if you don’t want to lose money. Understand that learning about Forex is one thing, actually trading on the market is an entirely different thing. And, what better way to learn how to trade by actually applying everything that you have learned than by using a demo trading account? Plus, you also don’t have to worry about losing money. Take demo trading as an indicator of your trading skills. You’ll avoid putting your capital at risk, familiarize yourself with the trading platform and Foreign exchange broker, and learn a thing or two about the psychology of trading, meaning that you’ll learn how to manage your emotions when trading. 4. Forex trading makes you rich overnight This misconception about Forex trading is entirely the result of a little bit of false advertising. It’s a familiar story and it usually goes like this! Who doesn’t want to get rich overnight or with little effort? So, this “get rich quick” advertising line has brought many people into the arena who are looking for easy or rapid returns. Unfortunately, this may not be entirely true, or at least it is a quite rare scenario. Building wealth with trading takes patience as for the average trader, it’s rarely an easy road to riches but instead can be a rocky highway that can also involve losses and potential penury. You’ll have to trade consistently, avoiding the gambling-throw-it-all-at-a couple-trades approach. Over time, as your trading skills improve, so will your trading decisions and your returns. But, once again, it all takes time to happen. 5. Forex is an unregulated market Another misconception about the Forex market is that there is no authority out there to say what is right and what is not correct to happen during trades. Picture this! Now, technically, the Forex market is one of the biggest and most liquid decentralized markets in the world, meaning that there’s no single global body to police this market. However, read that again, no SINGLE global body because some market regulators are covering the jurisdictions where most of the world’s Forex brokerage businesses are located. For example, in Australia, you’ll find Forex brokers regulated by ASIC. In the US, brokers are regulated by the CFCT regulator, while in the UK, they are regulated by FCA. These regulators are essential to make the market safe for traders because there are massive amounts of money passing the market every day, which makes it very attractive for all sorts of scammers and white-collar criminals. So, these regulators ensure that those qualified to do Forex brokerage are legit and trust-worthy. Thus, it is imperative when you’re choosing a broker to check whether or not it is licensed by the Forex market regulator in your location. In the end, there are a lot of misconceptions that exits even today regarding the Forex market. As a result, many people are unknowingly joining the FX market for earning easy money and facing losses due to the lack of knowledge regarding the FX market. So, this needs to be stopped, we all need to be aware of that sort of people who are spreading the delusions. cheers!

There is no doubt that the Forex forums are the best way to interact with other experienced and well-minded traders if you are struggling to achieve success. If you’ve visited a Forex forum, you would have noticed that you can interact with a wide range of traders and know the techniques they use to generate more profits. The reason why the Forex forums are useful is that they give you the opportunity to connect with fellow traders who are experiencing difficulties and concerns that you’re going through. Some of the main benefits of a Forex trading forum: You can learn from some experienced traders and become successful Hanging out in a Forex trading forum would give you an opportunity to learn from experienced traders and the strategies and the accurate Forex signals they use to get better results from trading. It will also help you identify problems without the need to experience it actually. In fact, there is no substitute for experience. In fact, it helps you to fast forward your learning and avoid costly mistakes. You will be able to get a clear understanding of Forex trading systems You will always find someone on the forum who openly speaks of a Forex trading software that introduces the newly created person or they ran into another place. Either way, you get to know new ways of trading and how these systems. You can then put them to use and benefit. The biggest advantage of learning from experienced traders is that you should never try and lose your hard-earned money. You can also use the forum to get feedback on your trading system/strategy expert If you have developed a new trading system or designed a new strategy, the Forex-forum is the best place to get feedback on the system or strategy. Expert and experienced traders share their experience with the system or usefulness of the strategy designed by you. This will help you to incorporate changes or improvements to your system or strategy. You stay up to date on what others are doing in the Forex world Being a member of a Forex forum could help you get an idea of what others in the field are, or at least to think in terms of doing. The idea is not to do whatever you take to learn but see for yourself if you agree with other Forex traders. You can catch up on the rumors that go around. Rumors making the rounds have an impact on market performance, even if they prove to be false. In general, the rumors are not from the forums but often end up there. If you visit a forum frequently, you’ll be able to catch up on the rumors that you happen to miss. Forex offers an opportunity for social interaction Forum In reality, the primary advantage of a Forex forum will connect and socialize with other traders. Forex trading could prove to be an isolated activity. Every trader is looking forward to a kind of social interaction once in a while. A Forex forum presents traders with a great place for social interaction. Here are some of the top Forex forums: Forex Factory Forum >> Forex Factory website was launched in the year 2004 and is designed to provide information to help traders succeed in the Forex market. According to Alexa, it is currently the related website Forex-most viewed. Forex factory forum also launched its website with the same year. Traders countries around the world interact on their forum, share ideas, teach, learn, debate, and exchange war stories. Insightful members provide support to the forum and follow a moderate philosophy that puts trade above all else. Other features and products offered by Forex Factory include the economic calendar (launched in September 2005) with an impact rating; News Section (launched in July 2007); Market Section (launched in September 2009) consisting of scanner, sessions, and graphics; Trade Explorer (launched in February 2011) an interface that allows traders to analyze their performance; And Trades (launched in December 2011) that includes the trading activity in real-time members who use trade explorer; and brokers (launched in May 2012) an Advanced Guide in search of regulated Forex brokers. DailyFX Forum >> DailyFX is the new free site and searches for FXCM. It provides news from around the world in favor of the currency trading community. Analysts report daily on the latest changes, provide technical analysis and careful consideration of promising training table with live Forex quotes. DailyFX also provides an analysis of market drivers and explanations regarding the economic, technical, and political factors that drive the market. DailyFX Forum is available in English, French, German, Italian, Japanese, Swedish, and Spanish, among others. It is certainly one of the most active forums. There are about 24 sub-forums in categories such as education and research analyst, Traders Lounge, trade the markets with our analysts, Forex education, FXCM Support Account, and the platforms of negotiation and trading automated. MT5 Forum >> This forum is for users of the most popular Metatrader forex trading platform. It offers users a chance to benefit from the expertise of the members of the community, centered around this platform. Despite the fact that it is a forum for users of the MT5 platform, the discussions on the most popular MT4 or MetaTrader 4 and in general on Forex trading are also encouraged. Forex TSD Forum >> Instead of displaying the categories on their home page, the forum brings all the latest and the most active discussions with links to sub-forums. This is very useful because it lowers the risk of traders displaying the question in the wrong sections and missed the comments of those concerned. The main strength of the Forex TSD forum is that it covers a number of niche areas, with trading MT4 sections and harmonic being the largest. Finally, Forex-forum plays a vital role in one’s trading career. With the help of a Forex forum, we can get many solutions for our problems and thanks to the experienced traders. So, which Forex forum you are using now? Please let me know.

Welcome to the new BLAST. Forex often referred to as FX or foreign exchange, is a global decentralized market for the trading of various currencies. The Forex market is the largest in the world, with trillions of dollars are traded every day. Once you choose a broker, whether it be on such an FP Markets broker or brokerage different choice, the next step is to create and fund a trading account. The following information will provide you with a clear expectation of what to expect (and what to do) in the minutes following the completion of these steps. Currencies are always traded in pairs, and it will be up to you to predict whether a currency will rise or fall at odds with each other. The GBP / USD, for example, measures the value of the pound against the US dollar. Currency pairs, as well as other assets, can trade as a CFD. Contracts for Difference contracts represent the price movements of various financial assets, such as currency pairs, commodities, cryptocurrencies, and more. Another important thing is don’t rely on random traders for trading strategies or signals. Always rely on the pros because they will provide you with the best Forex signals and strategies like pipswin. Will Go long or short? One of the advantages of contracts for the difference is that you can choose to either go long or short. Where the standard, traditional investment centers on buying and holding assets (you buy an investment, continue to the investment until the value goes up, and then sell it off at a later time for a price exceeding the price paid), different CFD trading. When trading CFDs with FP Markets, you can enter into trade ‘Buy’ or go long. This means that you have open positions with the expectation that the underlying asset value will climb and that you will be able to get out of position or sell at a higher price. There is also the potential for trade with the expectation that the value of certain underlying assets will decline in value. In this scenario, you will go to ‘Sell’ or go short. Here, you will close the position, buying back the contract at a reduced price. In doing this you will make a profit on the price difference. Regardless of whether you are trading with a long or short position, if your trade goes as planned and asset prices move in predictable directions, you will get the money. If the opposite happens and the market moves against you, you will take a loss. The benefit of this type of trading is that you can earn money from price movements in both directions and will not be limited only to get if the price increases. What About the leverage? Another benefit to Forex or CFD trading are leveraged. In conventional investments, your income is limited by the amount of money you have to invest. It’s quite simple, actually. If you have $ 1,000 to invest, you can buy up to $ 1,000 in assets. Nothing is free and no broker will give you more than you can afford. CFD or FX trading is leveraged trading, which means that you can trade using the amount of money that exceeds the total amount that you actually invested. For example, when trading with FP Markets, clients can access leverage up to 1: 500. This means that it is possible to stretch a deposit of up to 500 times the baseline value when trading. Sounds wonderful, doesn’t it? Well, it can. However, it is important to remember that both profits and losses can be magnified when leverage is being used. The level of the potential reward increases when leverage is used, but so does the level of potential losses. Avoid brokers who do not tell you that it is possible to lose more money when leverage is used. A reputable broker like FP Markets clear and upfront with clients when it comes to making the risks associated with trade is very clear. Last but not least, do not become aware of the costs associated with the trade. Forex brokers to profit from the spread so looks for a broker that offers low spreads. FP Markets is one example because they offer spreads starting from 0.1 pips and an average of 0.3 pips. Swap and commission fees are also relatively standard in the industry, so keep this in mind as well. Best traders are the traders prepared well, so make sure that you are really ready for them to draw the first five minutes! Good luck and Trade Safe.

Welcome to the topic " Is Forex Trading A Safe Investment In 2020?" A large number of traders are now choosing Forex trading as a common and passive profession because they have understood why Forex is the best market to exchange. Though many people don’t know exactly why Forex is the best market to exchange. So, for them, I’ll tell that there are many reasons behind it and I’ll investigate each and every one of them, but before that, let’s look into the brief history of the Forex market. Forex or foreign exchange market is one of the biggest online marketplaces of today. The foreign exchange market is a free market (OTC) that determines global currency exchange rates. Participants can buy, sell, exchange, and speculate about currencies. The foreign exchange market consists of banks, Forex dealers, commercial companies, central banks, investment management companies, hedge funds, retail Forex dealers, and investors. Reasons why Forex is the safest market to trade- Different brokers have a special explanation behind choosing Forex trading. In all actuality, Forex has many offers for various brokers, and there is a lot of motivation to exchange Forex on the web. The main reasons why Forex is the top market for exchanging are explained in detail below. Volatility How does the broker benefit on the web? The mechanism behind exchanging square sizes is rather simple. You get a profit at a positive value, and you hope to eliminate this profit. An additional unstable market is, new open doors have a square size to get and reduce the benefits you get. As you will understand now, if the market is not moving, gripping your capital in it is no rhyme or reason. The instability in the Forex showcase is extraordinary, and you will be accustomed to hoping to ensure movements worth around 50–100 pips on one of the many cash combinations at any time. This adds to the possibility of misfortune or the addition of 500–1,000 USD, in the event that one package (or one hundred, 000 units of money) is changed, and therefore the cash is quoted in USD. Traders faithfully search for unpredictable markets and volatile instruments; this is often the reason that instability is one of the first benefits of Forex shows. Accessibility While volatility is needed and tells the USA why Forex is the best market for trading, we must always ignore accessibility. Although Forex is volatile and makes it possible to capture millions of market movements, this market is more accessible than other online trading markets. Online Forex trading can start with as little as one hundred USD. Compared to several different financial markets, there is a rather low demand for mercantilism capital. What’s great about the accessibility of the Forex market is that you will check-in for your trading account from your laptop. Most retail Forex brokers operate online, and everyone you have to try and do to start trading with Forex is to register, submit your documents, and make a deposit in your Forex trading account. Although accessibility does not really affect market standards, this provides a reason why Forex is an attractive market to reflect on trading. After involving inexperienced traders, Forex trading can be accessed through a free trading demo account, in this way, you will start making Forex signals in minutes. If you're unable to do that then Pipswin.com might be helpful for you. To conclude, I’ll say that online Forex trading has certain risks. But if you stay cautious and if you acquire more knowledge of the basics of Forex trading then you’ll surely get better results. So, in a way, it is entirely up to you. Was it helpful? And if you have any topics that you want me to cover for you then please let me know.

In the 21st century, online trading is getting more and more popular day by day. As a result traders often compare Forex vs. stocks to figure out which market is better for trading. Although being linked, Forex and stock market have a vast difference. The Forex market has unique characteristics that distinguish it from other markets, and in the eyes of many people, also makes it far more attractive to trade. So, I'll be comparing these two markets on several points but the final decision is yours. Therefore, without any further ado, let's begin. Trading Volume One of the biggest differences between Forex and stock market is the size of the Forex market. Forex is estimated to trade around $ 5 trillion a day, with most trading concentrated in a number of major pairs such as EUR / USD, USD / JPY, GBP / USD and AUD / USD. Forex market volumes reduce the volume of dollars from all combined world stock markets, which average around $ 200 billion a day. Though it has a high trading volume that's why it is full of advantages for a trader. High volume means traders can usually run their orders more easily and closer to the price they want. While all markets are vulnerable to disparity, having more liquidity at each price-setting point better-equipping traders to enter and exit the market. Liquidity Markets that trade in high volumes generally have high liquidity. Liquidity causes tighter spreads and lower transaction costs. The main pairs of Forex usually have very low spreads and transaction costs when compared to stocks and this is one of the main advantages of Forex market trading compared to stock market trading. 24 Hour Market Forex is a free market, which means it is not transacted through traditional exchanges. Trading is facilitated through the interbank market. This means that trade can take place throughout the world during the working hours and trading sessions of different countries. Therefore, Forex traders have access to trade almost 24 hours a day, 5 days a week. The main stock indexes, on the other hand, are traded at different times and are influenced by different variables. Visit the Main Index page to find out more about trading this market — including information about trading hours. Minimum or no commission Most Forex brokers don't charge commission fees, instead, they make their margins on the spread — which is the difference between the purchase price and the selling price. When trading equity (stocks) or futures contracts, or major indices such as the S&P 500, traders often have to pay spreads together with the commission to the broker. Spreads can be used to calculate costs for the size of your position in advance before being executed. Narrow focus vs wide focus There are eight major currencies that can be the focus of traders, while in the world of shares there are thousands. With only eight economies in focus and because Forex is traded in pairs, traders will look for divergent and converging trends between currencies to match Forex pairs to trade. Eight currencies are easier to monitor than thousands of shares. Exchange v / s OTC The stock market is traded on a stock exchange. One of the best-known examples is trading shares on the stock exchange such as the New York Stock Exchange (NYSE). Trading on the exchange comes with certain benefits. For one, traders and investors get access to order books that keep records of purchases and sales. This can be very useful for traders or investors who follow technical or fundamental analysis. Trading on the exchange is considered far safer. Looking into the Forex market, trading is carried out freely. Unlike the stock market, there is no centralized exchange for the Forex market. Transactions are carried out privately between the buyer and seller. Such transactions carry the risk of defaulting on an opposing party. Cost of entry Stock trading usually requires a capital that is far greater than what you need to trade Forex. Therefore, for most investors or average speculators, Forex seems to be an easier way to enter the financial markets. Although it may seem easy, Forex trading utilizes leverage, which is needed so that small speculators enlarge their control units when trading Forex. This is beneficial and not profitable for speculators. While profits can be large, losses can be as large until they have the potential to remove invested capital. Also Forex market guarantees the best trading technologies. Which can help you make decisions also can generate signals but everyone prefers human touch signals because Forex market moves a lot and experienced traders calculate a lot of things and then generates accurate Forex trading signals. Leverage In stock trading, you can usually trade with a maximum leverage of 2: 1. There are also several qualification requirements before you can do this. Not every investor is approved for a margin account, which is what you need to improve in the stock market. Online Forex trading is very different. To be eligible for trading with leverage, you can simply open a Forex trading account. There are no qualification requirements. In the United States, you are limited to 50: 1 leverage, but in other countries, you can increase as much as 200: 1. Your choice Most investors are more familiar with the stock market than with Forex, and that familiarity might be entertaining. The comparative freedom of regulation regarding Forex and the high degree of leverage makes it easy to control large trades without special qualifications and with a limited amount of money. That's the positive side of the Forex market, but also the negative side. Participation in Forex increases investment opportunities and risks. So, which one do you prefer? Please let me know