Education News

  • What Does the Latest US Inflation Report Mean for the US Dollar?
    by Jeff Patterson on April 12, 2024 at 9:09 am

    Gather around the campfire for a tale scarier than any ghost story. Picture this: the Federal Reserve is like a bogeyman, always threatening to lower interest rates but never actually doing it. That’s what’s going on in the market. Investors have been waiting for a rate drop for the second year in a row, and it looks like they'll be waiting a while longer.The latest inflation report for March spooked everyone, showing consumer prices soaring by 3.5%, way above expectations. What does high inflation mean? It means the Fed's gonna keep interest rates high for longer to fight it. As soon as that data hit, you could practically hear the market's collective gulp, with the EURUSD and XAUUSD taking a nosedive right after.Let’s take a look at the chart illustrating how these assets have been faring since the beginning of the year. From this perspective, the drop wasn’t significant, yet noticeable. But sometimes, the most crucial thing is beyond the chart. Recent economic stats (like inflation and unemployment data), the Fed meetings, and the overall strength of the US economy have got investors and experts singing a different tune. Those predictions about a rate drop in June? Yeah, they're sounding more like a broken record. First, it was fall, then winter, spring... and now, even summer's feeling uncertain.More and more analyst firms agree that we won't see that rate drop until late summer or September. That means we'll be seeing a solid US dollar for a while longer. Besides, other big central banks might start cutting rates before the Fed does. Frankly speaking, it’s too early not to consider the USD as a rival.We're not expecting a major surge in the US dollar because the market's gonna be hanging on every word from the Fed. Yet, in the short term, notably during the summer months, expect heightened volatility and intricate market movements. So, keep an eye on the news, and don't make any moves without some serious analysis. This article was written by Jeff Patterson at www.forexlive.com.

  • FMAS:24 - Discover the Benefits of Attending
    by Jeff Patterson on April 11, 2024 at 11:37 am

    The Finance Magnates Africa Summit (FMAS:24) will be here in a few weeks, with the countdown officially underway to the biggest event of the year in Africa in 2024. FMAS:24 returns for its second year in Sandton City, South Africa on May 20-22, 2024, at the luxurious Sandton Convention Centre. With so many benefits to attending, this is one event you cannot afford to miss!As the largest in Africa, FMAS:24 will be providing many unique opportunities for professionals in the financial services industry to come together and exchange ideas, insights, and best practices. The premium event brings together industry leaders, innovators, and experts from across Africa and beyond, offers a platform for networking, learning, and collaboration. With a focus on the latest trends, challenges, and future insights shaping the finance sphere in Africa, FMAS:24 provides attendees with valuable knowledge and actionable insights to help them set up operations in Africa or take their business or trading to the next level. Registration is already live for FMAS:24 and can be accessed via the following link. Make sure to register online ahead of the event to avoid lengthy queues on-site!Why Attend FMAS:24 This MayDiverse Networking OpportunitiesAnything can happen on the exhibition floor at FMAS:24. Attendees can network with traders, investors, businesses, and industry leaders from around the world, and build valuable connections for your future endeavors.Insightful DiscussionsWith face-to-face engagement and a curated content track spanning four industry verticals, participants will be at the vanguard of any trends. Stay ahead with in-depth conversations about the latest topics and opportunities in Africa's financial sector.Forge New PartnershipsEstablish new and long-lasting partnerships and collaborations with the industry’s biggest talent, brands, and experts in a one-of-a-kind environment. Explore InvestmentsAfrica is the continent filled with potential. Participants can discover unique investment opportunities within the African region, allowing anyone the chance to diversify their portfolio and unlock potential growth avenues.Engage and Network with ExpertsNetwork and interact with expert speakers who will share their wealth of knowledge and experiences, offering invaluable perspectives to inspire and guide your journey.Diverse Agenda in Focus at FMAS:24FMAS:24 will feature a newly expanded content track covering two stages. This includes the newly launched Trader Zone, which caters to a growing retail trading demographic.Look for plenty of insightful discussions to take place across each of these stages during the two-day event. Topics will cover four industry verticals, including online trading, fintech, payments, and blockchain & digital assets.Register Today for the Biggest Event of the Year in Africa!These sessions, panels, workshops, and more will be given by leading CEOs, policymakers, fintech entrepreneurs, and investors. FMAS:24 will bring together a diverse range of voices and perspectives to offer attendees a comprehensive understanding of the challenges and opportunities facing the industry. By hearing from industry leaders and experts, attendees can gain valuable insights, learn from real-world experiences, and stay ahead of the curve and map out the rest of 2024 and beyond. This article was written by Jeff Patterson at www.forexlive.com.

  • Meet The Winners of the UF AWARDS LATAM 2024!
    by FL Contributors on April 11, 2024 at 9:33 am

    Shining a spotlight on the success of the best B2C and B2B brands in the online trading and fintech space across the globe, the UF AWARDS represent the crowning achievement of high performance and enterprise.Organised by Ultimate Fintech, the UF AWARDS LATAM are a further embodiment of this, recognising the brands that have stood out from the competition over the past year in the Latin America region, highlighting the leading forex and fintech brands who continuously innovate and adapt to industry changes.The awards were held during the iFX EXPO LATAM 2024, which took place at the World Trade Center in Mexico City. The two-day event brought together major players from the financial space, including leading brokers, affiliates, hedge funds and fintechs along with thousands of traders - all under one roof. In a special ceremony on the 10th of April, the UF AWARDS LATAM 2024 concluded the first day of the hugely successful expo by honouring excellence across the LATAM region for the very first time, as voted for by fellow industry peers.Following the inaugural event in Mexico, the list of winners has now been officially confirmed. And the winners are as follows:Broker AwardsBEST BROKER - LATAM: LIBERTEXMOST TRANSPARENT BROKER - LATAM: XMMOST TRUSTED BROKER - LATAM: SKILLINGBEST CFD BROKER - LATAM: JUSTMARKETSFASTEST GROWING BROKER - LATAM: FXVIEWBEST IB/AFFILIATE PROGRAMME - LATAM: ERRANTEBEST TRADING EXPERIENCE - LATAM: DERIVBEST TRADE EXECUTION - LATAM: XSBEST TRADING CONDITIONS - LATAM: EXNESSMOST INNOVATIVE BROKER - LATAM: BDSWISSBEST RESEARCH AND EDUCATION PROVIDER - LATAM: BDSWISSBEST MULTI ASSET BROKER - LATAM: XSB2B AwardsBEST TRADING PLATFORM - LATAM: CTRADER BY SPOTWARE SYSTEMSBEST BRIDGE PROVIDER - LATAM: CENTROID SOLUTIONSBEST TECHNOLOGY PROVIDER - LATAM: FPFX TECHNOLOGIESBEST PAYMENT SERVICE PROVIDER - LATAM: WORLDPAYBEST CRM SOFTWARE PROVIDER - LATAM: FYNXTBEST TOOLS FOR PARTNERS - LATAM: CTRADER BY SPOTWARE SYSTEMSBEST INSTITUTIONAL TRADING PLATFORM - LATAM: FINALTOBEST CFD LIQUIDITY PROVIDER - LATAM: FINALTOEach of the above winners have excelled in their respective award categories, demonstrating a determination, creativity and dedication to providing the very best service to clients and affiliates in the challenging and highly competitive LATAM marketplace.The UF AWARDS LATAM celebrates those achievements, shining a light on several of the most innovative market operators who lead the way as pioneers in what is a continuously evolving and growing LATAM sector.Ultimate Fintech would like to pay tribute to everyone who took part in the UF AWARDS LATAM 2024, including all the participants, nominees, and fintech enthusiasts who voted, and offer a big congratulations to the deserving winners. This article was written by FL Contributors at www.forexlive.com.

  • Red Sea tensions: current situation and long-term impact on oil and shares
    by FL Contributors on April 10, 2024 at 2:13 pm

    The importance of the Red Sea for the global economy can't be overestimated. Nowadays, it's the shortest and the cheapest trade route between Europe and Asia. According to the Joint Statement of the White House, around 15% of global maritime trade went through it until the Houthis started to attack commercial vessels in November 2023.The Houthis, who initially targeted ships associated with Israel, are attacking vessels from other countries, namely those that support Israel. This is forcing large shipping companies to change their routes from the Suez Canal to the Cape of Good Hope, increasing freight and transportation rates. For example, from the end of October to the end of January, the Shanghai Containerized Freight Index (SCFI), one of the leading container indices used to assess global trends, surged by over 1,000 points. Financial markets experienced enormous volatility due to the high levels of uncertainty. In March 2024, tensions are still high. Let's take a look at what is happening to the markets today and what analysts say about the effect of Red Sea tensions in the long run. Note: the conflict influences different industries and markets, but we look at those affected the most: oil, equities, and Forex.Oil According to the latest U.S. Energy Information Administration (EIA) report, in the first half of 2023, the transportation volume of oil and petroleum products through the Bab el-Mandeb Strait reached 8.8 million barrels per day, which is 12% of total seaborne-traded oil.The attacks led to a dramatic cut in oil flow volume via the Bab el-Mandeb Strait. According to the U.S. Energy Information Administration (EIA) report, in December 2023, it decreased by 18% compared to the January–November 2023 average. The transportation of clean petroleum products fell by 30% in December compared to the rest of 2023. It was predicted that the conflict in the Red Sea would cause an increase in prices of Brent and WTI crude oil as the supply was disrupted. Companies needed to reroute their ships, which led to a rise in the time of shipment and additional costs. In December 2023, the volume of oil passing to Europe from the Middle East halved to about 570,000 barrels per day, compared to 1.07 million barrels per day in October.However, both Brent and WTI formed medium-term downtrends. This might happen because the market was sure there was too much supply in the world to worry about the lack of oil. The U.S. produced record volumes, while Europe had enough natural gas for the winter. At the same time, analysts stated that weak oil demand was due to a warm winter and China's economic problems. Moreover, rumours that the Houthis would unlikely attack ships of politically friendly countries like Russia and Qatar lowered the fear of reduced supply. The situation changed quickly. The conflict continued with no certainty as to when it would be resolved. Also, OPEC+ countries couldn't allow prices to keep falling. As a result, the trend changed. From the end of December to the middle of March, Brent and WTI prices went up, supported by OPEC+ production cuts and problems with redirecting cargo from the Red Sea. However, it's too early to talk about the strength of a new uptrend. According to analysts, the conflict benefits oil prices but won't trigger a spike. Moreover, conflict resolution may bring vessels back to the Red Sea, facilitating supply and putting pressure on oil prices again. SharesThe stock market, known for its inherent volatility, has seen an increase in fluctuations due to rising tensions in the Red Sea. These developments have led to heightened volatility across a broad range of industries, extending beyond just the oil and gas sectors. International retailers and car manufacturers, among others, are facing challenges such as shipping delays, rising costs, and consumer dissatisfaction. In contrast, the shipping industry stands to benefit from the situation, as geopolitical tensions contribute to increased tariffs and shipping fees, generating a positive impact for carrier companies.ForexRed Sea tensions bear a risk not only for equities and oil but also for the world's economy and the Forex market. The Organisation for Economic Co-operation and Development (OECD) consists of 38 of the world’s largest economies, including the U.S., U.K., and European countries. It claims that shipping costs could hinder the global fight against inflation. OECD forecasts that costs could add 0.4% to overall price growth for the year.Global economies, including the U.S., the E.U., and the U.K., have to postpone interest rate cuts due to high inflation. Therefore, this may be a risk for their economies but a good sign for domestic currencies. High interest rates usually lead to a country's currency becoming stronger. However, the situation isn’t that simple. Markets may have already priced in a few rate cuts this year. Therefore, higher inflation may have a limited effect. Moreover, the OECD admits that the conflict in the Red Sea is just a risk but not what they believe to be a real threat. Moreover, the chief economist at OECD, Clare Lombardelli, admits that the conflict in the Red Sea is just a risk but not what they believe to be a real threat. Another factor that can affect Forex is global market sentiment. News related to the success of the coalition headed by the U.S., which includes the United Kingdom, Italy, and France among others, may have a positive impact on the U.S. dollar, British pound, and euro. The strength of the Houthis may put pressure on these currencies. Still, the effect of both events is likely to be short-term. Tensions aren’t the only driving factor for the Forex market. Many aspects, including economic indicators and countries’ monetary policies, may have a greater impact on the currencies. Final ThoughtsThe armed conflict in the Red Sea undoubtedly has a strong negative impact on financial markets and bears risks for the global economy. However, the influence may not be that strong in the long run.According to the Octa analyst, although the tensions in the Red Sea have already caused plunges and surges in the financial markets and may cause undesirable consequences for the global economy, the actual impact will depend on numerous factors, including other geopolitical tensions and global economic conditions. Traders should keep watching the factors that may affect the markets. Although the tensions in the Red Sea have already caused plunges and surges in the financial markets and may cause undesirable consequences for the global economy, the actual impact will depend on numerous factors, including other geopolitical tensions and global economic conditions. Traders should keep watching the factors that may affect the markets',—said Kar Yong Ang, Octa's financial market analyst.About OctaOcta is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.Octa has also won more than 60 awards since its foundation, including the ‘Best Educational Broker 2023’ award from Global Forex Awards and the ‘Best Global Broker Asia 2022’ award from International Business Magazine. This article was written by FL Contributors at www.forexlive.com.

  • FBS Reinvents Mobile Trading Experience with the Upgraded FBS App
    by FL Contributors on April 10, 2024 at 1:40 pm

    FBS, a leading global broker, introduces its revamped mobile trading application – the FBS app. The upgraded solution is available for Android and iOS users, providing them with all the tools and resources for online trading. To thank clients for choosing FBS, the broker launches exclusive in-app promotions, cutting spreads by half on several instruments throughout April and in early May.The new FBS app is designed to evolve into an all-in-one trading solution. Everything is available at the user's fingertips – from registration and account creation to opening and closing orders and funds management. The upgraded FBS app transforms trading experience, allowing users to seize market opportunities on the go, anytime.To help its clients uncover their trading potential, FBS additionally announces exclusive trading conditions for application users. During the four weeks after the release day, the FBS app will send daily alerts about designated happy trading hours, when spreads will be cut by 50% on select instruments, starting with the Gold – US dollar (XAUUSD) pair on April 11, 2024.In addition to the enhanced mobile experience, FBS continues to offer exceptional trading conditions, including:· 550+ trading instruments and zero overnight fees for trading Forex majors;· Fast and stable order execution from 0.01 seconds;· Tight spreads from 0.7 pips;· High leverages up to 1:3000;· Availability of VPS hosting for automated trading;· No hidden commissions.FBS is committed to continuous improvement and ensures that traders have access to cutting-edge technology and exceptional trading conditions. The launch of the FBS app marks a significant milestone for the global broker. FBS will continue working on its mission to help clients maintain an efficient trading lifestyle and achieve their financial goals.To learn more about FBS and the FBS app, users can visit www.fbs.com. This article was written by FL Contributors at www.forexlive.com.

  • Solitics Redefines Customer Engagement for Financial Industry Players
    by FL Contributors on April 10, 2024 at 10:42 am

    Solitics, a household name that rose to prominence for its state-of-the-art customer engagement technology, is set to reshape the way online brokers, prop firms, and banks engage clients. For good. From client onboarding to lead nurturing, marketing, reactivation, and everything else in between, Solitics’ value proposition for financial services industry players promotes a unified approach to marketing automation management. Its customer engagement solution substantially increases trading platform usage among customers and grows user value while eliminating operational hurdles and maximising their speed-to-market.Starting from the premise that “Data is at the heart of marketing”, Solitics prioritises “hyperpersonalisation”. In the dynamic realm of online trading, live charts and personalised alerts reign supreme. This is where Solitics’ hyperpersonalisation comes into its own, empowering brokers to leverage real-time analytics on their portfolio’s risk level, price fluctuations and market updates affecting their clients’ traded assets to craft personalised pop-ups and alerts. Thanks to its unique architecture underpinned by a powerful underlying CDP (Customer Data Platform) technology, Solitics’ Customer Engagement solution not only simplifies marketing operations end-to-end by throwing automation into the mix, it opens new avenues for retention and conversion professionals. Equipped with a gamification layer, the platform supports widgets and visual aids, allowing brokers to create a lasting experience for their traders.Referring to hyperpersonalisation as “the heart of everything we do”, Solitics Founder and CEO Tomer Baumel highlighted the importance of “connecting with your customers at a deeper level by reaching them where they are.”“Whether they are first-time visitors or existing customers, Solitics gives you the right tools to make their experience truly great.”Winning clients over with a gamified approachGamification has been around for over a decade, however, online trading industry players have only just made timid steps towards gamification through prop trading, as a new way to engage traders. But how can marketing and conversion teams leverage gamification to increase engagement? Solitics has the answer.With a decade of hands-on experience in the fintech space, the agile technology provider understands the importance of customer engagement through intelligent marketing techniques. Its customer engagement platform leverages gamification to help brokers, prop firms, and banks to help deliver unique customer experiences and generate engagement through storytelling. Empowering brokers to unlock the benefits of storytelling by utilising embedded visual elements, such as top traded assets’ progress, smart financial reports comparison, personalised pop-ups, and other customisable, gamified widgets that can “tell the story” of an asset in the blink of an eye. “In an increasingly dynamic trading world, it is vital for brokers to be able to arm traders with the nuggets of information they need to navigate the ins and outs of trading the financial markets with confidence. This is exactly where Solitics really shines,” Deena Komisar, Solitics VP of Marketing highlighted.Thanks to its advanced algorithm, the platform collects data relating to user activity in real time and furnishes invaluable customer-specific insights. All this combined with Solitics’ ability to connect to external data sources, such as experts analytics, breaking news, and insights on investment opportunities empowers marketing and sales professionals to send targeted offers to these users, in a variety of formats - pop-ups, emails, instant messaging, and others.From an operational perspective, this significantly simplifies the day-to-day of marketing professionals, enabling them to map out entire customer journeys, mix, match, and adapt as they go along. In Deena Komisar’s words, “the unknown becomes known, giving marketers the laser focus to convert potential visitors into leads, and paying customers into savvy and loyal traders.”What’s in it for admin professionals?In addition to simplifying marketing operations, Solitics’ customer engagement platform relieves compliance and back-office professionals of the pressure of cumbersome KYC, and trade reporting. Fully GDPR- compliant, the platform’s Reporting Module provides all the data needed to navigate the complexities of their day-to-day- from granular reports to detailed financials, and more. Moreover, know-your-client (KYC) process automation and triggering in response to user action or inaction makes the overall verification procedure more transparent and straightforward.No development. Shorter time-to-market!IT professionals can benefit significantly with Solitics. Market players interested in integrating the customer engagement platform can easily do so by providing their API keys to the Solitics technical team. No development, no complex coding required. The best part? The platform comes with a 45-day commitment, allowing brokers to get up and running in a matter of weeks, not months. Furthermore, Solitics remains committed to delivering the best experience to its clients. A dedicated customer success team will assist the broker’s in-house marketing and product teams every step of the way - from onboarding to implementing marketing campaigns and journeys. Numbers speak for themselves.Recent customer reviews rank Solitics as a technology provider of choice, with 98% of the customer engagement platform users citing “ease of use” as the strongest point. At the same time, 93% of users said they would recommend Solitics, particularly for the high “quality of support”.With a powerful all-around solution that streamlines the entire business cycle, from client onboarding to marketing and retention, and compliance to reporting, Solitics stands out as a technology provider of choice for financial institutions of all sizes. By prioritising customer loyalty and enhanced user experience through technology enablement, Solitics empowers businesses to create meaningful connections with their clients and deliver unique and engaging experiences that drive conversion and retention.Contact Solitics to learn more about its customer engagement platform and see first-hand how it can help your business reach new heights. This article was written by FL Contributors at www.forexlive.com.

  • What could boost inflation again?
    by FL Contributors on April 10, 2024 at 8:39 am

    In March, consumer prices rose in Europe at an annual rate of 2.4%, slightly below expectations, giving investors hope that the ECB will initiate rate cuts in June.However, concerns about possible shocks persist. As a result, European stock markets, while not in a hurry to go lower, appear to have temporarily topped out.What could hinder an early reassessment of monetary policy?Let's start with overly optimistic data. The analysis of annual growth rates may not provide meaningful data due to the pass-through effect of the initial inflationary spike.In reality, the figures still exceed the norm. The average monthly price growth rate from January to March for 2010-2019 was 0.12% in 2017-2019 and 0.34% for January-March 2024.Thus, inflation in Europe over the past three months has now been twice as high as usual. This can be partly attributed to energy prices and the rebound in utility costs.Consequently, it is premature to speculate on a rate cut by the regulator. Further progress in curbing inflation is needed to avoid missteps.In addition, it is essential to consider the risks of a further rise in prices, of which there are many—first, the repercussions of worsening global geopolitical tensions.For example, confrontations between Iran and Israel could disrupt the global supply chain. In addition, oil prices would skyrocket, as we have seen above.Second, trade wars could lead to price increases. If the EU imposes tariffs on Chinese cars as early as July, a possible retaliatory response from Beijing is to be expected.And, of course, the uncertainties surrounding Trump's possible re-election, with his threats to overhaul trade relations, cannot be overlooked. Why does it matter to investors?Slowing disinflationary trends pose a challenge for bondholders. If ECB members adopt a tighter stance on rate cuts, government bond prices could plummet again.Prolonged high rates pose a risk of higher costs for companies and, consequently, an increase in bankruptcies, affecting the bloc's overall economy.Not surprisingly, in the past two weeks, yields on riskier European debt have reached levels not seen since the onset of Covid-19 and the eurozone debt crisis more than a decade ago.Fitch Ratings predicts the region's high-yield bond default rate could rise to 4% this year from 1.7% in 2023, driven by leverage, debt maturities, and falling yields.Final thoughtsBe aware of macroeconomic data, as something is still being determined. The same goes for geopolitics. What seems to be the baseline scenario today may be impossible tomorrow.And, of course, keep an eye on the economic calendar to stay on top of events affecting markets and the global economy. This article was written by FL Contributors at www.forexlive.com.

  • FMAS:24 - How to Prosper as an Affiliate in the Forex and Crypto Markets
    by Jeff Patterson on April 9, 2024 at 9:00 am

    The Finance Magnates Africa Summit 2024 (FMAS:24) offers a prime opportunity for affiliates aiming to establish themselves in the dynamic worlds of Forex and cryptocurrency. Given the potential for substantial gains in these markets, affiliates must equip themselves with the right knowledge and strategies to flourish. This includes a number of strategies that affiliates can benefit from while attending premium events like FMAS:24.FMAS:24 will be held on May 20-22 in Sandton City, South Africa at the world-famous Sandton Convention Centre. This event looms as the largest in Africa in 2024, drawing leading IBs, affiliates, and more from across multiple industries. Attendees can expect to network, connect, and meet face-to-face with industry-leading talent. FMAS:24 is expected to draw upwards of 3000+ attendees, 70+ exhibitors, 100+ brokers, and 50+ speakers. With a little over a month to go until the doors of the event swing open, the is now to reserve your ticket sign up today online for FMAS:24!Key Considerations for Forex & Crypto AttendeesA key aspect emphasized at the upcoming FMAS:24 will be understanding the unique characteristics of both the Forex and cryptocurrency markets. While both present profitable opportunities, these operate differently and require distinct approaches. For example, as the largest financial market globally, Forex is heavily influenced by macroeconomic factors, geopolitical events, and central bank policies. By extension, the cryptocurrency market is highly volatile and influenced by factors such as technological advancements, regulatory changes, and market sentiment.To be successful, affiliates must stay updated with the latest trends and developments in both markets. This involves monitoring economic indicators, geopolitical events, and technological advancements that could impact currency pairs or cryptocurrencies. By staying informed, affiliates can anticipate market movements and tailor their strategies accordingly to capitalize on opportunities and mitigate risks.Another critical aspect highlighted at FMAS:24 is the importance of cultivating relationships with reputable brokers and exchanges. Affiliates depend on these partners to provide them with reliable trading platforms, competitive spreads, and excellent customer service. Consequently, affiliates should meticulously vet potential partners and select those with a proven track record of reliability and integrity.Register Today for the Biggest Event of the Year in Africa!Maximizing Success for Affiliates at FMAS:24This event is stressing the significance of harnessing technology to enhance affiliate marketing efforts. With advancements in artificial intelligence (AI), machine learning, and big data analytics, affiliates can gain valuable insights into market trends and customer behavior. By leveraging technology, affiliates can optimize their marketing campaigns, target the right audience, and maximize their conversion rates.FMAS:24 will also be emphasizing the importance of compliance and regulatory adherence in affiliate marketing. As the Forex and cryptocurrency industries become increasingly regulated, affiliates must ensure that their marketing activities comply with relevant laws and regulations. This includes obtaining necessary licenses and certifications, adhering to advertising guidelines, and implementing robust compliance procedures.In conclusion, FMAS:24 provides affiliates with a wealth of insights and strategies to prosper in the Forex and cryptocurrency markets. By understanding the unique characteristics of these markets, staying updated with the latest trends, cultivating strong relationships with partners, leveraging technology, and ensuring compliance, affiliates can position themselves for success in these dynamic and lucrative industries.See you in Sandton City this May! This article was written by Jeff Patterson at www.forexlive.com.

  • Top Questions to Ask During a Financial Expo
    by Jeff Patterson on April 5, 2024 at 2:12 pm

    Financial expos are valuable opportunities for professionals in the industry to network, learn, and explore new developments. Attending these events can provide numerous benefits for individuals and businesses alike. When attending these events, it's essential to ask the right questions to make the most of your time and gain valuable insights.Overall, premium events serve as valuable hubs for networking. They bring together professionals from various sectors of the financial services industry, providing a conducive environment for making connections and establishing meaningful collaborations or engagement. Whether you're seeking new clients, partners, or mentors, these events offer ample opportunities to expand your professional network and forge relationships.In addition, financial expos offer unparalleled access to industry insights and expertise. Through keynote speeches, panel discussions, and workshops, attendees have the opportunity to learn from industry leaders and experts. These sessions cover a wide range of topics, from market trends and regulatory updates to technological innovations and best practices. By attending these educational sessions, you can gain valuable insights that can help inform your business strategies and decision-making processes.Overall, participants from any marquee events are encouraged to ask questions and engage with speakers or other peers in attendance. This includes the following to consider during any financial expo:1. "Can you tell me more about your company's products and services?" This broad question can help you understand what the exhibitor offers and how it may align with your needs or interests. It sets the stage for further discussion and exploration.2. "What sets your company apart from competitors?" Understanding a company's unique selling points can help you assess its value proposition and determine if it's worth further consideration. Look for specific features or benefits that differentiate the company from others in the market.3. "How can your products or services benefit my business?" This question encourages exhibitors to explain the practical applications of their offerings and how they can address your business challenges or goals. It helps you evaluate the potential impact of their solutions on your operations.4. "What kind of support or assistance do you provide to clients?" Beyond the initial purchase, it's crucial to understand what ongoing support or services the exhibitor offers. This could include training, technical assistance, or customer support, depending on your needs.5. "Can you share any success stories or case studies from your clients?" Hearing about real-world examples of how the exhibitor's products or services have helped other businesses can provide valuable insights into their effectiveness and reliability.6. "What is your pricing structure?" Understanding the cost implications of investing in a particular solution is essential for budgeting and financial planning. Ask about pricing options, including any upfront costs, recurring fees, or additional charges.7. "Do you have any upcoming developments or enhancements planned for your products or services?" Learning about future updates or innovations can give you a sense of the exhibitor's commitment to staying relevant and competitive in the market. It also helps you assess the long-term viability of their offerings.8. "How can we stay informed about updates or news from your company?" Establishing communication channels for staying updated on the exhibitor's latest developments or offerings can help you maintain a relationship beyond the expo. This could include subscribing to newsletters, following them on social media, or joining their mailing list.Approaching the Next Premium Financial ExposBy asking these questions and engaging exhibitors in meaningful conversations, you can make the most of your time at a financial expo and gather valuable insights to inform your business decisions. It is important to remember to listen actively, take notes, and follow up with exhibitors after the event to continue the conversation and explore potential opportunities for collaboration or partnership.One of the most anticipated financial expos of the year will be taking place next month in Sandton City, the Finance Magnates Africa Summit (FMAS:24). Held on May 20-22, the event is returning for its second year, looking to scale up and go bigger and bolder.Register Today for the Biggest Event of the Year in Africa!This includes building on a record attendance, with more speakers, sessions, attendees, and entertainment. FMAS:24 will also be including the newly launched Traders Zone to cater to a growing demographic of attending retail traders. This article was written by Jeff Patterson at www.forexlive.com.

  • Spotify Plans Price Hike in Key Markets
    by Jeff Patterson on April 4, 2024 at 3:35 pm

    According to the Bloomberg report, Spotify (NYSE:SPOT) is planning to hike up the price of its paid-subscription service in several important markets for the second time within a year. This move is seen as a crucial step toward achieving long-term profitability.The world’s largest paid streaming service will be raising prices by about $1 to $2 a month in five markets, including the U.K., Australia, and Pakistan, by the end of April 2024. The U.S., its biggest market, will see a price increase at some point later this year, although the exact timing has not been specified. Following this news, Spotify's stock surged by 13%.Last year, the company increased the prices of its premium subscription by as much as $2 in the United States and various other countries. Spotify, which competes with streaming services like Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and YouTube (NASDAQ:GOOG), owned by Google, has faced challenges in turning a profit over the years. This struggle is mainly attributed to the significant amount Spotify pays out in royalties to major music companies and other rights holders – roughly $9 billion out of $13.2 billion in revenue in 2023.Bloomberg reported that the higher prices will assist the company in covering the costs of its audiobook service, which provides 15 hours of listening time per month for subscribers. Similar to the challenges faced in music, the company deals with royalties in the audiobook realm and only generates additional revenue from listeners who surpass the 15-hour limit.Spotify is also set to introduce a new basic subscription tier priced at $11 per month, the same as the current premium plan. This basic tier will include music and podcasts but not audiobooks, and it will be among several newly priced subscription plans to be rolled out.The latest earnings report, released in February, showed the platform couldn’t move in the black in 2023 despite ending the year with 602 million monthly active listeners, up 23% from the previous year and exceeding Wall Street's expectations of 601 million.A gentle reminder: Before making any trading decisions, it's essential to take into account the support and resistance indicators in the market. This article was written by Jeff Patterson at www.forexlive.com.

  • BDSwiss Set to Catch the Spotlight at iFX EXPO LATAM 2024 as Gold Sponsor
    by FL Contributors on April 4, 2024 at 1:08 pm

    BDSwiss, a name that carries significant weight in the FX and CFD brokerage industry, proudly announces its participation in iFX EXPO LATAM 2024, which takes place on 9-11 April 2024 at the World Trade Center in Mexico City. For the first time in LATAM, the event awaits 3.5K+ attendees and 1.6K+ companies to populate the expo floor. Touted to be the largest B2B and B2C event dedicated to the financial services industry in the region, iFX EXPO LATAM provides the ideal platform for BDSwiss to showcase its award-winning services and solutions for traders and partners in Mexico. This participation holds immense significance for BDSwiss as it reaffirms its steadfast commitment and strong ties with the LATAM region.As a Gold Sponsor of the prestigious event, BDSwiss will be prominently positioned at booth #35. This premier location provides the perfect spot for interaction and networking with existing and potential clients and partners in Latin America, fostering collaboration and knowledge sharing. iFX EXPO LATAM attendees are encouraged to contact the team to schedule a meeting in advance.In anticipation of the premier event, Gregory Papagregoriou, Co-CEO of BDSwiss, said:“We are thrilled to be the Gold Sponsors of the very first edition of iFX EXPO in Latin America. This opportunity brings us closer to our traders and partners in the region. As we aim to further strengthen our position in LATAM, it is a privilege to meet them face-to-face and explore new growth avenues.”In addition, the attendees can expect to see demonstrations of BDSwiss’ advanced trading platforms and customisable trading tools as the team will walk them through the broker’s latest offerings designed to enhance the trading experience and help traders of all levels achieve their financial goals.BDSwiss will also introduce its unmatched and one of the most competitive in the industry Partnership Programme. Recognising the importance of strategic partnerships for securing growth in the ultra-competitive financial services industry, BDSwiss welcomes Affiliate Partners and Introducing Brokers (IBs) to its booth. IBs and Affiliate Partners in Latin America looking for growth opportunities with a global brokerage will find a trustworthy partner in BDSwiss. With a network of 20,000+ registered partners in 180+ countries, the leading online broker offers customisable payment plans, free marketing and educational materials, and free setup among many other perks.Earlier this year, BDSwiss’s IB Partnership Programme won the HQMENA award for the “Best IB Program ''. The accolade follows on the heels of other noteworthy recognitions, including the “Best Global Partnership Programme '' at the UF AWARDS Global 2023 and the “Best IB/Affiliate Programme - APAC” at the UF AWARDS APAC 2023.In addition to the state-of-the-art trading platforms, BDSwiss mobile apps and competitive partnership programmes, BDSwiss also stands out as an industry thought leader owning a well-grounded position when it comes to risk management and trading psychology. On Wednesday, April 10, between 14:40 - 15:00, traders attending iFX EXPO LATAM 2024 will have the opportunity to hear from BDSwiss’ Market Analyst, Aldo Weidner Zapien who will be sharing valuable insights on stage at the Traders Arena. His talk, titled “A Road to Success: Risk Management & Trading Psychology” is an eye-opener for anyone interested in finding a time-tested approach to trading challenges, such as emotional bias and risk control. Don’t miss out!To discover more about BDSwiss and its offerings, visit the company’s official website. This article was written by FL Contributors at www.forexlive.com.

  • Market Psychology in Bitcoin Trading: Understanding Emotions and Trends
    by FL Contributors on April 4, 2024 at 8:19 am

    What does a Bitcoin trader need to achieve astronomical success? The right equipment, adequate knowledge, and strategies can only take you far—you need much more. If you’re a trader, you can’t reach the pinnacle without mastering the art of navigating this highly unpredictable landscape.Simply put, profiting from BTC trading requires more than learning how to trade Bitcoin. You must also become exceptional at making strategic decisions, managing emotions, exploiting trends, and learning from your mistakes. Today, we will cover two elements that can determine your success as a Bitcoin trader: emotions and trends.How Emotions Affect Bitcoin TradingTo become a successful Bitcoin trader, you must learn to manage your emotions and avoid emotional trading as much as possible. That is because different emotions can undermine your efforts and lead to massive losses when untethered.Let’s begin with negative emotions like greed and fear. If you become too greedy while trading Bitcoin, you might strike gold, but you will also lose a lot of money if things don’t go your way. On the other hand, the fear of missing out can encourage you to buy or sell your BTC without assessing market conditions or researching extensively. You must also remember that positive emotions can have negative implications for your trading sessions. For instance, extreme joy, excitement, or confidence can cloud your judgment and cause erroneous decision-making.Why Trends are Crucial in Bitcoin TradingIn an ever-evolving space like BTC trading, new trends are prevalent. Modern-day trends like AI-powered tools can help you automate real-time market monitoring, data analysis, and trading. That is the key to saving time, avoiding the negative outcomes of emotional trading, and boosting order entry/exit speeds.Moreover, Bitcoin trading is no longer dominated by geeky individual investors. Today, many big institutions are also partaking. They include large-than-life companies like Tesla, MicroStrategy, Galaxy Digital, and Marathon Digital Holdings.As a trader, you must keep up with all relevant trends. If you don’t, you will miss profitable opportunities and necessary information that could otherwise drive you to success. How to Manage Emotions and Leverage Trends While Trading BTCAvoiding the disastrous impacts of emotional trading requires mastering emotion management. Simply put, learn to keep your feelings in check when trading Bitcoin. For starters, learn to accept losses without feeling extremely anxious or angry. Whenever you feel too emotional, take a break from active trading and indulge in an activity that will help you relax, like practicing yoga or hiking briefly.Final ThoughtsExcessive emotions and failure to leverage trends can undermine your experience and profitability as a Bitcoin trader. That is why you should learn to manage your feelings and exploit prevalent trends as early as possible. The hacks we’ve provided here are just the tip of what you need. Dig some more and learn all you can from other sources, including online courses.If you are just starting in the crypto scene, don't rush into learning these complicated concepts. Take a few steps back and study the basics of cryptos. Then, come back and digest what we’ve discussed here.Good luck! This article was written by FL Contributors at www.forexlive.com.

  • Some trading rules from a Market Wizard
    by Adam Button on April 3, 2024 at 7:08 pm

    I stumbled onto this thread from Peter Brandt and I want to share it.Brandt was featured in Unknown Market Wizards as part of the essential series from Jack Schwager. Brandt has been trading since 1976 and didn't always have success. He initially failed, the had a spectacular run of success for a decade, then left trading for 11 years only to return to another round of success.Here's the list from Brandt:This is my 50th year trading futures markets. Here is a greatly abbreviated list of the lessons I have learned (many lessons more than once) My perspective is as a discretionary chart-based trader1. A trading plan is not complete unless it provides contingencies for all known possibilities 2. A trading plan is incomplete unless is cuts losing trades quickly and allows winning trades to grow 3. I might think I know where a market is headed near-term, but in fact I don't have a clue 4. The trades I most want to believe are often the trades I least want to own 5. A trading plan is useless unless you repeatedly pull the trigger -- if you can't do so, then it is your head/heart/guts that are broken, not your trading plan 6. Depending on circumstances, I can be either left or right brain dominant. The battle between left and right brains for the grey areas of my thought process is often when trading is most frustrating, but also where I can learn the most about myself 7. Learning about self through trading is important, because successful trading is mostly a function of preventing self-sabotage 8. There are old traders and there are bold traders, but there are few old, bold traders 9. Forget being a consistent big-time winner until you learn to excel at losing 10. It is best NOT to pay attention to an account balance during a really profitable run 11. Open trade profits do not belong to me so except for filing taxes I do not track this data 12. ROR and Sharpe are the two most meaningless performance metrics on the planet 13. The 10X, 20X et al moves in crypto are a once-in-a-lifetime experience. Younger traders should not expect repeat performances 14. Trading rules, especially the specifics on indicators, CANNOT be optimized. Sorry 15. Trading is best treated as a marathon, never as a sprint 16. For a trader with less than five years of experience, your worst drawdown is the one that has not yet occurred My favorite is #8 because it's especially relevant today in the era of meme stocks, YOLO and 0DTE options. Play the long game, stay in the market, there is always another trade. This article was written by Adam Button at www.forexlive.com.

  • iFX EXPO LATAM 2024 is Right Around the Corner
    by FL Contributors on April 3, 2024 at 2:59 pm

    iFX EXPO LATAM 2024 will be here in less than one week and the hype has reached a fever pitch. The premium online trading expo is the most anticipated event of the year in Latin America (LATAM), taking place on April 9-11 in Mexico City. Participants can expect the biggest names, innovators, brands, and more in attendance! The upcoming expo has long been circled on several calendars, helping bridge the B2B and B2C space and showcasing all LATAM has to offer. The region has developed into an important online trading hub, providing the perfect gateway for both exhibitors and attendees looking to unlock LATAM FX markets.Every iFX EXPO is an opportunity for all types of attendees to meet, connect, and network with industry professionals and leading brands. iFX EXPO LATAM 2024 is no exception to this trend, as attendees can expect anything to happen on the expo floor. This year’s event will be taking attendee engagement to the next level with the Speaker Hall and the Traders Arena being some of the main points of attraction for visitors. As retail traders represent a large part of the expo’s audience, the Traders Arena will be showcasing a unique platform to leverage networking opportunities, engaging educational content, and face-to-face interactions with traders and big names.With the final countdown to iFX EXPO LATAM 2024 fully underway, the time to register for the event is now! Online registration will close on April 8, so make sure to reserve your seat ahead of time to skip the line and wait on-site.If you have not already booked your accommodation, hotels near the event venue are still available to ensure you arrive fresh and ready to go for iFX EXPO LATAM 2024. The organisers have also secured discounted rates which you can take advantage of by booking here. Why You Need to Attend iFX EXPO LATAM 2024iFX EXPO LATAM 2024 will be drawing the biggest speakers, and an assortment of notable names from around multiple industry verticals. Attendees can expect to hear from Nu Mexico, Prosa, Mizuho Bank, Dentons Global Advisors, and many others at the Speaker Hall, covering such the latest regulatory and fintech topics in LATAM.By extension, the Traders Zone will be attracting some standout speakers of its own from NYSE, FXCM, Exness, BDSwiss, IronFX, and others. Attendees can expect to learn about hot topics for the success of Introducing Brokers (IBs), the latest financial and investing wisdom, and actionable trading tips.Both stages are part of a two-day curated content track, complete with informative sessions and learning opportunities. 100+ speakers are expected to make an appearance across these two stages, part of an immersive experience at iFX EXPO LATAM 2024 that also includes 1.6k+ companies and 3.5k+ attendees across 120+ countries. What to Expect this AprilHeld at the famous World Trade Center in Mexico City, attendees can expect to hear about burning topics in the online trading industry, as well as the fintech and regulatory space. Of course, no iFX EXPO would be complete without the legendary entertainment attendees have come to expect. This starts with the official Welcome Party on April 9, where all participants are invited to reconnect with valued clients, forge new connections with potential business partners, and enjoy a fantastic atmosphere!The event is an unmissable opportunity for retail traders, investors, fintechs, affiliates, and others to engage with each other. To help facilitate this, iFX EXPO LATAM 2024 will also be featuring a new event app that can be downloaded on Google Play or the App Store.Users can enhance their networking experience with the iFX EXPO app, helping match with potential clients and leads, as well as scheduling meetings and exchanging messages.See you in Mexico City this April and unlock LATAM! This article was written by FL Contributors at www.forexlive.com.

  • What is driving gold's rise?
    by FL Contributors on April 3, 2024 at 8:33 am

    Gold is often seen as a hedge against inflation, but in 2022, despite favorable conditions, the precious metal performed poorly, to say the least. Although the situation improved somewhat in 2023, it still fell short of the S&P 500 index. As the U.S. moves closer to controlling rising prices, gold is breaking records.So why this seemingly strange and counterintuitive market movement?There simply wasn't enough investor demand. This lack of interest was probably due to the hope that inflation would slow down quickly and the economy would not suffer.Geopolitical tensions gave gold prices wings, but when they eased, so did the rally, leading to a correction.But what is the reason for this sudden rise in gold prices now, when the Federal Reserve is considering, albeit timidly, lowering rates?Clearly, demand is rising again. For example, global central banks snapped up 39 tonnes of gold in January, according to early estimates. To put it in perspective, that's more than double December's refined volumes (16.9 tonnes). At this rate, Citi does not rule out gold reaching $3,000 in the next 12-18 months.As for the factors expected to provide a boost, apart from the decline in the dollar value due to the Fed's policy review, there are also fundamental factors at play.In particular, there is a growing debt bubble in the United States. If this figure reaches 140-150% of GDP, there is the potential for an intensified flight to safe assets.Another aspect to note is the significant disparity in the markets. Excess liquidity, abundant in the capital markets, flowed primarily into equity capitalization and cryptocurrencies. It is only a matter of time before profit-taking accelerates among investors. A slowdown in the economic or financial sector could trigger it.Given the Fed's likely rate cut, cash does not look attractive. Investors are left with a choice between bonds and gold.How long will this uptrend last? It depends on the circumstances. For example, geopolitical risks and worsening US-China relations will likely continue to fuel the global rise in gold prices.When it comes to where investors should focus, some analysts recommend shares of gold mining companies. With gold rising above $2200, their profitability improves substantially. Their prices, therefore, could outperform the underlying asset. Another option is silver exchange-traded funds. However, the final decision should be based on your own research.P.S. Be aware of support and resistance levels before going anywhere. This article was written by FL Contributors at www.forexlive.com.

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