Forex Trading Platforms

Extending the depreciation since the 2016 EU referendum result, the British pound has softened against the greenback to levels not seen in 37 years. One pound was equivalent to USD 1.39 in September 2021 and is now worth USD 1.15. Recession and a weak sterling both have implications for businesses. Within the UK equity market, a depreciating pound sterling would be a boon for UK companies generating substantial earnings from overseas, thanks to a positive currency translation benefit. Only around 27% of revenues in the FTSE All-Share Index are sourced domestically from the UK, with well over 70% collected from global markets. With the broad market down for the year to date, quality discounted names that have strong cash-generation abilities abound. On the flip side, domestic companies that heavily rely on external supplies will see input costs rise to pressure profit margins. Similarly, the currency moves may play out unfavorably in foreign businesses with a strong UK presence. ...

[unable to retrieve full-text content] 11 Best Gold Trading Brokers in September 2022 Reviewed    Business 2 Community

The Euro continues to slide against many other major currencies after Russia stopped the gas supplies. The deepening energy crisis causes fear of a recession in the Euro area. Europe has tried to diversify its energy sources and build up reserves, but it's not possible to totally avert the hit to the economy. In the charts below, we will look at the Elliott Wave chart of the pair. EUR/AUD Weekly Elliott Wave Chart Weekly Elliott Wave view of EURAUD above suggests that the pair shows a lower low sequence from 3.16.2020 high favoring further downside. While pair stays below wave II/B high at 1.6436, rally should fail in 3, 7, or 11 swing for further downside to reach the blue box area of 1.084 – 1.019. EUR/AUD 4 Hour Elliott Wave Chart 4 Hour Elliott Wave View of EURAUD above shows that the rally from 8.26.2022 low takes the form of a double three structure. A double three is a 3-3-3 structure with label of ((w))-((x))-((y)). The target higher in this case is ...

What is Timed Order EA? Timed Order is a simple MetaTrader/cTrader expert advisor that lets you execute a trade at a specific time. The EA can be used to schedule a trade during the weekend to be executed when the market opens. It can also be used to set up a trade that will be executed when you are away from the platform. It is important to understand that Timed Order is not a fully automatic trading robot — you have to set the date and time of the trade, set an appropriate stop-loss and take-profit, define maximum deviation parameters, and so on. However, its highly customizable settings allow creation of nearly any kind of a trading order. This EA supports risk-based position sizing in addition to the usual fixed position size. It is available for the following trading platforms: MT4, MT5, and cTrader. Operation Timed Order opens a single trade at the time specified by the trader. The time can be given eithe...

Mathieu Young/Getty Images Americans traveling to Europe can do so a bit more cheaply these days than in recent years. The U.S. dollar is trading at its highest level in roughly two decades relative to the euro — meaning travelers can buy more overseas. related investing news These 9 stocks are less impacted by the strong U.S. dollar and are well-liked on the Street Kevin Stankiewicz 7 hours ago With the dollar surging, these ETFs could help bolster your portfolio Jesse Pound 11 hours ago Goldman's playbook on what to buy and sell with the U.S. dollar surging John Melloy 16 hours ago That means Americans are effectively getting a discount on hotels, car rentals, tours, and other goods and services denominated in euros. And it's not just the euro — the dollar's value is at its strongest in years relative to many other foreign currencies, too, according to travel experts. More from Personal Finance: You may qualify for over $10,000 in climate incentives from Inflation Reducti...

[unable to retrieve full-text content] A Guide to What Italy's Election Will Mean for Financial Markets    Bloomberg

Disclaimer: This is sponsored content. All opinions and views are of the advertiser and do not reflect the same of WFTS. As arguably one of the most active markets in the world, forex trading presents you with a glorious opportunity to add to your income.  And since forex trading is mostly about speculation, you can make a windfall today only to suffer your biggest loss in a matter of hours, let alone days. So if you're looking to try out forex, you need to keep a few things in mind.  First, you should never wager more than you're willing to lose, and second, choosing a good forex broker is as good as being on a winning team.  Don't be fooled that there's a perfect forex broker since, in truth, all forex agencies come with their unique pros and cons.  In this article, we'll take an in-depth look at some of the leading forex trading platforms, paying close attention to their features, pros, and cons. We'l...

Investing in the stock market is a great way to earn money. It requires a lot of time and patience, but can be very rewarding. There are many ways to invest in the stock market. One of the best ways is to use an online trading platform. Online trading platforms are easy to use and give investors the ability to trade stocks and other financial products. There are a variety of options available when choosing an online trading platform. You can check out one of the best online trading platform at source link. How to make money on a trading platform The best trading platform is one that is easy to use, provides a wide range of currencies, and has a low withdrawal fee. There are two types of trading platforms: those that are online and those that are offline. The online trading platforms are those that are open 24 hours a day and those that are only available during certain hours. The offline trading platforms are those that are only open during the day. The best trading p...

The US Dollar Index (DXY) reached its highest level in over 20 years today rising to an intra-day high of 110.87, eclipsing the September 7 th highs of 110.79.   With the FOMC meeting concluding today, the central bank is expected to hike rates by 75bps, to bring the Fed Funds rate to 3.25%.   This would be the third consecutive 75bps hike if the Fed hikes as expected. See our complete FOMC preview here.   Just as important is the "dot plot", which tells us how high the Fed thinks interest rates may go.   In June, the median dot plot showed rates at year end at 3.375%.   This will likely be lifted substantially at today's meeting.   The high rate expectations are helping the US Dollar to remain bid today. In addition, Russia's Putin said that he was mobilizing 300,000 reserves to help annex parts of Ukraine, in particular,   the Donbass region. As a result, the "flight to safety" trade was on....

[unable to retrieve full-text content] Pound Plunges By The Most Since March 2020 Versus US Dollar    Bloomberg

[unable to retrieve full-text content] 10 Best Automated Forex Trading Software in September 2022    Business 2 Community

[unable to retrieve full-text content] Naira Falls to Record Low Against the Dollar as Reserves Fall    Bloomberg Naira ranks 11th worst-performing currency against US dollar – Hanke    Nairametrics Naira Rated 11th Worst-performing Currency against US Dollar    THISDAY Newspapers Naira to Dollar Rate Today September 08, 2022    Investors King Ltd Naira Edges USD at P2P, I&E FX Market Segments    Business Post Nigeria View Full Coverage on Google News

Stocks tumbled at the end of a tumultuous week and oil prices recoiled to levels last seen before Russia's full-scale invasion of Ukraine, as fears over the health of the global economy rippled through financial markets. Wall Street's S&P 500 dropped 1.8 per cent in New York morning dealings, putting the broad gauge on course for a fourth consecutive daily fall. In Europe, the Stoxx 600 lost 2.3 per cent. That took the regional index's decline since its January high to more than 20 per cent, marking a shift into a technical "bear market". Those sharp moves came days after the US Federal Reserve fired the starting gun on another round of interest rate rises by international central banks, hoisting borrowing costs by 0.75 percentage points for the third time in a row to take its target range to 3 to 3.25 per cent. A day later, the Bank of England joined the tightening trend — jacking up rates by 0.5 percentage points to 2.25 per cent, while the Swiss Nationa...

If you're planning a trip to China in the near future, you may want to exchange some of your money into renminbi, the country's official currency. "Renminbi" and "yuan," which is the primary unit of renminbi, are often used interchangeably. The international symbol for the currency is CNY. This post has everything you need to know about converting USD to CNY, including where to secure the best exchange rates and how to avoid paying high fees on your conversion. Money Transfer Partners 1 Xe Money Transfer International Transfers 98+ currencies available to transfer to 130+ countries Fast and Easy Initiate transfers 24 hours a day, 7 days a week Fees Xe offers low to no fees on money transfers 1 Xe Money Transfer 2 Wise – Multi-Currency Account Convert and hold 55 currencies Monthly fees $0 Payment options Direct debit, wire transfer, debit card, credit card & Apple Pay 2 Wise – Multi-Currency Account How to Convert US Dollars to Renminbi (Yuan...

[unable to retrieve full-text content] Own Vanguard ETFs/Mutual Funds? Check Your Holdings Closely    Seeking Alpha

The British pound suffered its worst month since the aftermath of the Brexit referendum, and analysts expect sterling to fall further as a "slowing economy and political paralysis" grip the U.K. Luke MacGregor | Bloomberg | Getty Images LONDON — Sterling in August suffered its sharpest monthly fall against the U.S. dollar since the aftermath of the Brexit referendum, as political uncertainty and a historic cost-of-living crisis weigh heavily on the British currency. Sterling dropped 4.5% against the greenback last month and continued to slide on Thursday, last trading just below $1.16 by mid-morning in London. The pound also fell nearly 3% against the euro last month. related investing news Does FedEx's bleak outlook flash a warning signal for investors? Here's what the pros say Zavier Ong 2 days ago The U.K. faces a rapidly deteriorating cost-of-living crisis as food and energy prices soar, with millions of households facing poverty this winter. Meanwhile, a new prim...

TP Global FX is a regulated forex and CFD brokerage emphasizing openness and innovation. The broker offers a lot, including over 150 instruments, real STP pricing (spreads start trading at 0.1 pips), and various training materials. TP Global FX was established in 2017. They are regulated by Vanuatu, with headquarters in Dubai. They also have branches in Cyprus, Mauritius, Armenia, Nigeria, and Vanuatu. They intend to revolutionize the forex industry by utilizing cutting-edge financial technologies and educating their clients and partners. TP Global FX offers a custom copy trading service. TP Global FX Overview Official Website https://tpglobalfx.com/ Headquarters Grenadines Founded Year 2017 Regulated Vanuatu Government, Product offered Forex, Metals, CFDs, Indices, Stocks Minimum Initial Deposit $50 Maximum Leverage 09:20 Islamic Accounts Yes Demo Account Yes MetaTrader 4 (MT4) Yes MetaTrader 5 (MT5) Yes Trading fees It depends on th...