Forex Trading Platforms

Second piece of the day will be about the PIVX, which was previously mentioned here on the 18 th of October , when the price was one step from a major buy signal. This is a very good lesson about the price action and patience. Professional traders are patient and very often, for the trading signal, they are waiting for a breakout or a bounce first. It will all make sense in a bit, now, check out how we concluded our last analysis: Trade with No Fees & Free VPS! Get started with XM and enjoy the pro trading conditions. Stop settling for an average. Choose the best. Sign up with XM now “The second resistance mentioned in the first paragraph is the green area around the 1.72. As long as we stay below, there is a positive sentiment but I am not convinced about the buy signal. I am a bit skeptical towards those surges on the crypto market. Very often they ended with a slide so entering after only one day of rises is not the best idea on the record. „ We were close to a stro...

FCA-regulated retail forex broker 888 Markets has applied to strike itself off from the register of UK companies, according to a recent regulatory filing. In a common practice prior to a limited company being dissolved, a voluntary strike-off notice should be placed by the registrar of companies in the London Gazette. The move comes as a surprise to those monitoring the developments around 888 Markets’ UK business , as it rebranded just a couple of weeks ago. The strike off, also referred to as dissolution, is the process by which a company is removed from the register by Companies House. Once approved, it effectively marks the brand as non-existent for all intents and purposes. The official notice, however, didn’t state that the firm halts its regulated activities and its website operates as usual. It only reads: Important notice for all interested parties This company has applied to be struck off and dissolved. The registrar will proceed unless there is reasonable cause not ...

2018 has almost come to an end, so we here at Finance Magnates thought that now would be the perfect opportunity to take a look back at the past year and identify the trends experienced in the foreign exchange (forex) industry, particularly in relation to trading volumes. During the past 12 months, the forex sector has had a lot of changes. The most notable, of course, was in Europe with the European Securities and Markets Authority  (ESMA) implementing a suite of regulatory changes. However, trade war tensions, financial crises, low market volatility, and the ever-growing cryptocurrency space has changed the industry globally. Retail brokers after ESMA: is global expansion a must? https://t.co/WeoSvmpROi #regulation #FX pic.twitter.com/VPJ50ARy8V — Finance Magnates (@financemagnates) 13 December 2018 How did global events impact forex trading? As a result, all of these changes have had an impact on FX trading . So what patterns have emerged over the past four quarter...

EUR/USD – Technical Outlook Support    Resistance 1.1892       1.2071 1.178         1.2138 1.16          1.2318 Key Trading Level: 1.1959 USD/JPY – Technical Outlook Support    Resistance 112.31        113.22 111.93        113.76 111.02        114.67 Key Trading Level: 112.85 GBP/USD – Technical Outlook Support      Resistance 1.3393        1.359 1.3271        1.3666 1.3074       1.3863 Key Trading Level: 1.3469 AUD/USD – Technical Outlook Support     Resistance 0.7732        0.7855 0.7655        0.7902 0.7531        0.8026 Key Trading Level: 0.7778 USD/CAD – Technical Outlook Support     Resistance 1.2485        1.2709 1.2388...

Howdy, traders. The trading volumes are assumed to remain light this week due to the Christmas vacation along with New Year holidays as many traders already concluded books before the end of the year. Speaking of the fundamentals, the economic calendar has very little data as most of the financial institutes are closed and will be back in the first week of January 2019. Despite that, the traders will be trading the current week to price in the month’s most awaited economic figures, the US nonfarm payroll and unemployment rate. Key Economic Figures This Week Monday, December 21 The financial markets are closed in observance of New Year’s Eve; however, forex brokers will allow trading activities for limited time periods. The Asian sessions will be open for trading and that’s when China Federation of Logistics and Purchasing will be releasing manufacturing data. CNY – Manufacturing PMI – The figures are due to come out at 1:00 (GMT) with a neutral forecast of 50. For your info, it’...

Every now and again I look through Forex trading strategies which are getting discussed on various internet forums. Typically, most of the strategies are promoted by traders who are knew and don’t yet understand the flaws in what they are saying. For example, it always made me sad to see someone push a trading strategy with a lot of custom indicators whose formulae they don’t know let alone understand and end with the comment “works only on USDJPY and has given great returns for the last three months”. This is someone who is going to lose a lot or even all their account quite soon if they keep doing down that same path. Three months is no time at all over which to judge a trading strategy. If the strategy is robust, why would it only work with one pair such as the USD/JPY? One a few occasions though I can find a simple and potentially strong concept being presented and discussed for use throughout Forex, without any indicators or overly complex rules. These are likely to be better app...

The Great Britain Pound (GBP) inched higher against the Japanese Yen (JPY) on Monday,  increasing the price of GBPJPY to more than 140.00 following some major economic releases. The technical bias may remain bearish since the pair’s price marked a higher low in the recent upside move. GBP/JPY Technical Analysis Currently, the pair is being traded around 140.21, the price may come across a resistance around 141.67, the immediate trendline resistance. Another resistance level may come around 143.29, the 38.2% Fib level resistance ahead of 144.48, the key horizontal resistance level as demonstrated in the given below chart. Related Articles: On the downside, a support can be witnessed around 137.85, the trendline support ahead of another support 136.00, the psychological number and then comes 135.59, the key horizontal level as demonstrated in the given above chart. The technical bias shall remain bearish unless 143.58, the major horizontal resistance level remain...

The companies that stood at its origins in Russia, will leave the market. Among them — Alpari, which has Kazan roots Closer to the New Year, the Central Bank of Russia has thrown a curve to the participants of Forex market, revoking licenses from most Russian brokers. Companies that stood at the origins of this direction in Russia, including Alpari originating from Kazan, have remained without licenses. After the decision of the Central Bank, in the Forex market there have remained only subsidiaries of three Russian banks and Finam Group. Read more in the material of Realnoe Vremya. Russian Central Bank leaves three banks and Finam in the market On December 27, the Bank of Russia cancelled the licenses of several professional Forex market participants. Under the sanctions there have turned out to be, in particular, Alpari Forex, Forex Club, Teletrade Group, Fix Trade and Trustforex. Their licenses will be terminated in a month — from 27 January 2019. The reason for the cancella...

This week ends for us with the splendid analysis of the Pundi X, which was previously mentioned here in the last day of October . Back in that day, we were bearish, focusing on the flag formation, which was being drawn on the chart: Trade with No Fees & Free VPS! Get started with XM and enjoy the pro trading conditions. Stop settling for an average. Choose the best. Sign up with XM now “First one resulted with a bearish breakout and we think that the second one will end in this style too. Today, the price is going down almost 8%, which can be an initiation of a new drop. The sell signal will be triggered, when the price will break the lower line of the flag and to be honest with you, that can happen soon. „ As expected, the flag ended with a breakout to the downside and that happened on the 14 th of November, which was actually a remarkable day for the crypto traders. Many altcoins lost it that day. Anyway, since that, the price declined sharply and few days later brok...

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Who doesn’t know about foreign exchange market. It is unprecedented and unparalleled aspect of the economy which is so gigantic that it needs no introduction. It is the backbone of the economy because if it fails to provide its services for one day the entire economy would come down to its knees. Today we are in talk with the CEO of ExTravelMoney.Com, George Zachariah who brought the hassle of foreign exchange to an end by making it available just a click away. Extravelmoney is a venture which is not just and an online forex aggregator but is an active marketplace for the customers to compare and buy forex and for agents to tap new clients. They have revolutionized the way people buy forex and authorized dealers find customers because they believe that with passion and audacity they can change the way people look at forex market. Henry rollins says ” now and then, someone is able to look at an empty space, conclude it would be a great place to start a revolution, and bravely go for...

The EUR/USD pair recovered positive momentum and went up over 100 pips during the day in a rather faded holiday trading action on Thursday. The prevalent USD selling bias, further exacerbated by weak data turned out to be an exclusive driver of the pair’s strong positive traction. Thursday data showed the US consumer confidence dropped to its lowest level in more than three years and renewed fears about worsening global growth outlook. Global growth concerns have caused a new wave of negative sentiment, which led to an increase in demand for US Treasury bonds and undermined demand for the dollar. Meanwhile, expectations of a slowdown in US economic growth next year further contributed to providing some strong downward pressure on the dollar. Trade with No Fees & Free VPS! Get started with XM and enjoy the pro trading conditions. Stop settling for an average. Choose the best. Sign up with XM now The publication of German prelim CPI for December may affect the shared curre...

Let’s move to the crypto market, where we will start with the analysis of the Stratis, so an instrument, previously mentioned here on the 19 th of December. Back in that day, we were around 1.19 getting ready for a breakout of the 1.25 USD resistance (red). That was the factor that was poised to give us a strong sell signal: Trade with No Fees & Free VPS! Get started with XM and enjoy the pro trading conditions. Stop settling for an average. Choose the best. Sign up with XM now “We should still break the 1.25 USD horizontal resistance (red) and the thing is that we are testing it now. As long as we stay below, I cannot fully recommend buying here. After the breakout, well, after the breakout, that can look pretty nice. „ Breakout happened a day later and allowed the price to climb to the levels slightly above the 1.8 USD. Was that a good buy signal? Well, its up to you, definitely it could have been better but several % could have been made in those few days. Now, the...

The British pound reflects today’s general price behavior of currencies and is trading in a range close to recent highs. The US dollar is weakening against all major currencies under the influence of a whole number of negative factors. It is unlikely that the key resistance level of 1.27 will be broken through in the festive market. Due to the lack of economic data and Brexit news, this pair has very weak volatility during today’s trading session. UK companies and UK FX brokers are closed due to the celebration of Boxing Day, which actually limits any chance of growth, leaving the pair to continue to decline in price. The British Pound consolidated in a range for some time above the 1.2610 level against the US Dollar. Later, the GBP/USD pair started an upward move and broke the 1.2680 resistance to enter a bullish zone. There was even a close above the 1.2700 resistance and the 50 hourly simple moving average. The pair traded as high as 1.2738 and later corrected lower. It tested ...

For beginning stock traders, finding a trading platform that is both easy to use and well-designed to give you the power you need to trade stocks independently doesn’t come easy. There are thousands of mobile trading apps that offer varying types and levels of support including stock market research and analysis , customization abilities, educational material, and so on. Many beginning traders find it overwhelming to choose the best trading app due to the nature of the business and a large number of apps available. In the preparation of this write-up, we did extensive research on the most commonly used stock and forex trading apps. Our analysis of the characteristics of these apps as well as user reviews enabled us to list the 6 best apps for stock trading newbies. It is hoped that you will find a suitable app that can help you kick-start your wealth building journey at the comfort of your smartphone , tablet, or PC. Stock Market Simulator Many people, even those with the knowl...

Trade.io, a Swiss blockchain-powered finance company , announced this Friday morning that it has delivered its users a belated Christmas present, with the firm officially launching foreign exchange (forex) trading on its website. With only three days left of 2018, the launch of forex trading capabilities fulfills the promise Trade.io made earlier this month to deliver the product by the end of 2018. As Finance Magnates previously reported , the company stated it would facilitate forex trading from December 27, 2018. Users can trade forex via Trade.io’s website under the “FX TRADING” tab. Initially, clients will open their accounts through its St. Vincent and Grenadines entity, TIO Markets Ltd. With the launch of FX trading, customers now have access to 130 forex and contracts for difference (CFD) instruments including ‎precious metals, oil, commodities, indices, global equities and more. Clients can access these instruments through the TIO Markets MT5 Trading Platform on PC, Ma...

The Euro (EUR) inched higher against the US Dollar (USD) on Friday, increasing the price of EURUSD to more than 1.1400. The price of the pair increased after major economic news released. The technical bias may turn bullish because the pair’s price marked a lower high in the recent downside move. EUR/USD Technical Analysis As of this writing, the pair is being traded around 1.1451, since the price is increasing it is likely to observe a resistance around 1.1512, the trendline resistance is the point of reference. Another resistance may come around 1.1600, the psychological number ahead of 1.1621, the key horizontal resistance as demonstrated in the given below chart. Related Articles: Talking about the downside, the price of the pair is likely to support the EURUSD around 1.1369, the immediate 38.2% Fib level support ahead of 1.1311, the horizontal support and then 1.1289, the trendline support is likely to prevent the price from falling further as demonstrated in the gi...

The Australian Dollar (AUD) inched higher against the New Zealand Dollar (NZD) on Friday, increasing the price of AUDNZD to more than 1.0500 following some key economic releases. The technical bias may remain bearish because of the higher low in the recent upside move. AUD/NZD Technical Analysis As of this writing, the pair is being traded around 1.0520, A resistance can be noted around 1.0608, the 23.6% Fib level resistance ahead of 1.0716, the major horizontal resistance and then 1.0748, the trendline resistance area as demonstrated in the given below chart. Related Articles: On the downside, a support can be noted near 1.0403, the immediate trendline support ahead of 1.0300, the psychological number and then 1.0237, the key horizontal support as demonstrated in the given above chart. The technical bias shall remain bearish as long as the 1.0555, the major horizontal resistance level remains intact. Australia Trade Balance News In Australia, the figure conc...

Everyone wants to be rich. Therefore, we are looking for the most profitable business that can make us rich. It can be either an online or offline business. Since we are living in an electronic world, people can earn right from their home- online. That’s where Forex Trading and Internet Marketing comes in. All you have to do is to trade online. Well, many people are not sure where they can generate huge profits. Is it Forex trading or Internet Marketing? For the sake of this argument, let’s dive in and examine each one of them. Related Articles: Internet Marketing It’s not your first time to hear this word. Many people have tried to exaggerate this type on online business so much that people are not sure whether it’s profitable. For instance, you’ve seen in the web people saying “create a great website and customers will come.” That’s not true. Nothing comes that easy. There must be some efforts employed for you to succeed. You can build that expensive website advertising a...