Education News

  • Has the crypto market first felt the risk appetite?
    by ForexLive on September 27, 2022 at 10:21 am

    <p class="MsoNormal">Bitcoin rose 1.1% on Monday, and on Tuesday morning, it "shot up" another 5.5%, adding 7.5% over the past 24 hours. This growth momentum has brought the price of the first cryptocurrency back above $20K, in stark contrast to the dynamics of falling markets and a strengthening dollar.</p><p class="MsoNormal">Ethereum added almost as much - 7% - rising to $1,385. Against this backdrop, total crypto market capitalisation jumped 5.5% to $970 billion, with top altcoins adding between 2.3% (XRP) and 8.1% (Solana).</p><p class="MsoNormal">According to CoinShares, investments in cryptocurrencies rose for the second consecutive week last week. Net inflows were $8 mln, Bitcoin investments were up $3 mln, and Ethereum investments were up $7 mln. Investments in funds that allow shorts on bitcoin were down $5 mln, the first decline in 8 weeks.</p><p class="MsoNormal">While the Dow Jones index closed at its lowest since November 2020, the Nasdaq100 turned to growth after nearing the lows of June, and cryptocurrencies showed a strong surge. The outperformance of the riskiest assets is more typical of periods of great monetary stimulus. Therefore, the most relevant question is whether we are now see ing the first signs of a market reversal or a trap for naive bulls.</p><p>News background</p><p class="MsoNormal">Bitcoin will continue to trade in a range of $17K to $25K, Glassnode expects. Intense US Federal Reserve monetary policy pressure and an unfavourable macroeconomic climate offset any essential positive developments in the crypto industry.</p><p class="MsoNormal">Dan Morehead, CEO of crypto hedge fund Pantera Capital, believes billions of people will use blockchain in the coming years, increasing the value of cryptocurrencies.</p><p class="MsoNormal">The SEC has demonstrated that it intends to "damage or destroy the cryptocurrency industry in the US", said LBRY, a decentralised content publishing platform.</p><p class="MsoNormal">Technology giant Apple has allowed the sale of collectable tokens (NFTs) in apps on its devices, but the commission will be 30%, sparking outrage in the crypto community.</p> This article was written by ForexLive at forexlive.com.

  • Crypto as a safe haven. Finally?
    by ForexLive on September 26, 2022 at 11:50 am

    <p class="MsoNormal">Bitcoin is down 4.1% over the past week, ending near $18,900. Ethereum lost 5.8% to $1290. Other leading altcoins in the top 10 showed mixed dynamics, ranging from a 3.7% decline (Cardano) to a 27% increase (XRP). </p><p class="MsoNormal"> Total crypto market capitalisation, according to CoinMarketCap, declined by 2.4% over the week to $928bn. Cryptocurrency Fear & Greed Index fell by 3 points over the week to 24 ("extreme fear").</p><p class="MsoNormal"> Meanwhile, the cryptocurrency market became a safe haven compared to the collapse of major currencies and stock indices.</p><p class="MsoNormal"> The beginning of the week raises the question, what is behind the relative resilience of cryptos? This market could be forgotten for a while, as all the attention and capital flows are on flagship assets. Alternatively, it could manifest traders' inner confidence that peak fear is near and cryptocurrencies are already cheap enough for long-term investors.</p><p class="MsoNormal">News background</p><p class="MsoNormal">Former MicroStrategy CEO Michael Saylor said that bitcoin would surpass the $69K reached in November 2021 in the next four years. BTC could trade as high as $500K in the next decade if its market capitalisation equals that of gold. Judging by bitcoin's simple four-year moving average, its bottom is at $20K, Sailor suggested. Bitcoin's bear market has yet to reach its final stage, and investors should prepare for further declines. Some participants expressed this opinion in a Cointelegraph poll on Twitter.</p><p class="MsoNormal"> Ethereum co-founder Vitalik Buterin said all cryptocurrencies should switch to the Proof-of-Stake (PoS) algorithm. He believes that over the next 18 months, ETH will become much more scalable, which will significantly reduce transaction fees.</p><p class="MsoNormal">Ripple CEO Brad Garlinghouse disagreed with the SEC that Ethereum could be considered unregistered security after the move to PoS.</p> This article was written by ForexLive at forexlive.com.

  • Redefining the Trading Industry with AximTrade
    by ForexLive on September 26, 2022 at 7:09 am

    <p class="Default">AximTrade is a multi-asset Forex and CFD broker, known for its uncompromising standards of excellence. It is an award-winning broker with a competitive edge, commitment to quality standards and utmost professionalism in its services. </p><p class="Default">Based in Singapore and with a presence in 11 countries and counting, <a href="https://www.aximtrade.com/" target="_blank">AximTrade</a> is committed to reshaping the Trading industry for its partners and clients. Driven with an understanding deeply rooted in clients’ and partners’ needs, AximTrade is dedicated to surpassing the expectations of traders in all levels. </p><ul><li>Official Partner of Alfa Romeo F1 Team ORLEN 2022 </li><li>Title Partner of Porsche and Porsche Carrera Cup Asia (PCCA) 2021 </li><li>Winner of 4 Global Forex Awards 2021 </li><li>Winner of 4 Global Forex Awards 2022 </li><li>Winner of 2 Fazzaco Business Awards 2022 </li><li>Fast growing broker with an expanding 400,000 client base</li></ul><p class="Default">AximTrade offers a diversity of trading instruments and premium access to the global markets with the best trading conditions and optimum transparency. Through a wide array of trading accounts, traders enjoy direct access to 49+ forex pairs, commodities, indices, 60 cryptocurrencies and 70+ global stocks. </p><p class="Default">Overview of AximTrade Trading Services </p><p class="Default">1. CopyTrade: Get inspired by professional and successful traders by emulating trades and profits. Unlock an unmatched trading experience loaded with knowledge while honing your skills. </p><p class="Default">2. LifeTime Bonus: A unique deposit bonus that provides extensive and long-term benefits for our traders up to 50%. </p><p class="Default">3. Infinite Leverage: Unleash your trading possibilities with one of the most flexible leverages in forex and CFD trading up to Infinite Leverage. Trade more for less. </p><p class="Default">4. AximTrade Mobile Application: Convenience in your fingertips with the all new AximTrade app, available for Apple and Android users</p><p class="Default">5. Commission Free and Low Spread Accounts: Enjoy trading with one of the best conditions in the market. </p><p class="Default">6. Low Deposit Requirements: Start your investment with as low capital as $1. Discover the variety of trading accounts designed to meet your needs. </p><p class="Default">7. Free Online Forex Course: A multiscale online forex course conducted by professional traders to help anyone get easily acquainted with the forex market. </p><p class="Default">As a globally highly-competitive broker, AximTrade strives to provide premium services to develop client and partner profitability, an exceptional trading experience, services, and conditions for all our clients, and competitive partner rebates for partners. </p><p class="Default">About AximTrade </p><p class="Default">AximTrade Group is an award-winning Financial Services Provider, headquartered in Singapore, specializing in CFDs, Cryptocurrency Stocks and Indices. AximTrade Pty Limited is regulated by the Australian Securities and Investments Commission (ASIC). Having a presence in 11 countries and growing, with a staff count of more than 350, AximTrade promises to provide the best trading conditions and experience for our clients. By ensuring ease of access to their funds, optimum liquidity and enhancing our ever-expanding lists of trading instruments, we strive to be the trusted partner with all our clients through our dedication, service, and support. </p><p class="MsoNormal">Find out more: <a href="https://www.aximtrade.com" target="_blank">www.aximtrade.com</a> </p> This article was written by ForexLive at forexlive.com.

  • iFX EXPO Asia 2022 brought fintech industry to the heart of Bangkok
    by ForexLive on September 26, 2022 at 7:06 am

    <p class="MsoNormal">iFX EXPO, excellently run by Ultimate Fintech, is gaining more and more popularity attracting retail & institutional brokers, technology & liquidity providers, payment service providers, banks, affiliates & IBs, regulators & compliance, as well as crypto and blockchain brands. Since 2012, it has been the largest financial B2B exhibition and a hot spot in financial hubs across Europe, Asia, and the Middle East. </p><p class="MsoNormal">iFX EXPO Asia 2022, held in the impressive Centara Grand & Bangkok Convention Centre at CentralWorld on 13-15 September, brought together thousands of top professionals from the online trading, financial services and the fintech industry from all over the world for 2 days of unparalleled networking and business collaboration. The EXPO floor abounded with insightful conversations, meaningful connections and heated discussions.</p><p class="MsoNormal">Pioneering industry brands that took part in this iFX EXPO Edition as proud Exhibitors and Sponsors played a pivotal role in its unrivalled success. Zulu Trade, the world’s leading social trading platform, was the Global Official Partner of iFX EXPO Asia 2022. An impressive list of sponsors included industry leaders such as ATFX, AximTrade, Finalto, TMGM, B2Broker, Equity Capital, just to name a few. </p><p class="MsoNormal">Insightful talks at the Speaker Hall by leading industry speakers were one of the event’s highlights. Distinguished speakers like Daniela Egli (COO at Skilling), Malik Khan Kotadia (Co-founder & Chairman, Finnovation Labs), Marc Robinson (Head of APAC Market Operations, Coinbase), and other esteemed CEOs of trailblazing companies took the stage to discuss thought-provoking topics, like digitalization, financial services regulations and their impact on the industry, liquidity in APAC, Web 3.0, Metaverse and others. Meanwhile, in the Idea Hub, experts and industry professionals engaged in fireside chats, sharing their ideas and views on the current industry trends.</p><p class="MsoNormal">Bangkok edition of iFX EXPO Asia exceeded attendees’ expectations with its impressive parties. Welcome Party provided an opportunity to get to know each other and have a conversation in a casual setting. The Night Party was hosted at one of Bangkok’s most luxurious nightclubs - Sing Sing Theatre – and offered participants to unwind after a busy networking day at the EXPO.</p><p class="MsoNormal">The official photos of iFX EXPO Asia 2022 have been released, so you can <a href="https://flickr.com/photos/[email protected]/albums" target="_blank">check them out</a> and see how the event unfolded from the Welcome Party, Day 1, the Night Party, through to the closing of the expo doors on Day 2.</p><p class="MsoNormal">What is coming up next?</p><p class="MsoNormal">Bringing together leaders from finance and fintech, <a href="https://dubai2023.ifxexpo.com/?utm_source=pr&utm_medium=web&utm_campaign=dubai23" target="_blank">iFX EXPO Dubai 2023</a> is the next must attend event for industry professionals. Over 100 leading brands and more than 3000 attendees will gather under the vault of the Dubai World Trade Centre, Za’abeel Hall 6, between 16 and 18 January 2023, for showcasing their brands and services, creating new business opportunities and sharing vision for the future of the industry. </p><p class="MsoNormal">Don’t miss the opportunity and save your spot at iFX EXPO Dubai 2023 by <a href="mailto:[email protected]" target="_blank">contacting</a> iFX EXPO team now and stay tuned for news and updates on the official event website!</p> This article was written by ForexLive at forexlive.com.

  • FX Majors Weekly Outlook (26-30 September)
    by ForexLive on September 26, 2022 at 7:02 am

    <p>UPCOMING EVENTS:</p><p class="MsoNormal">Everyday: Fedspeak.</p><p class="MsoNormal">Friday: Chinese PMIs, Eurozone Flash CPI, US PCE.</p><p class="MsoNormal">The last week was really packed with events and central bank meetings. In the end, it was really a tentative price action heading into the FOMC and a sell-off in pretty much everything out of it. </p><p class="MsoNormal">Maybe, the market finally accepted that the Fed is no longer there to support it, its only focus is inflation, and it will do whatever it takes to get it back to its target. </p><p class="MsoNormal">As a matter of fact, even though the Fed hiked rates by 75 bps as expected, the Dot Plot, which of course can change but still shows the consensus among participants, showed a higher than expected year-end and terminal rate FFR. </p><p class="MsoNormal">Moreover, Powell in his press conference echoed pretty much his resolute message at Jackson Hole. </p><p class="MsoNormal">Another big thing that stood out is the GBP plunge on Friday. This is what happens when you have the government pursuing an expansionary fiscal policy and a central bank making “dovish” hikes when inflation is at record highs. The market loses confidence in you, and you have bond yields skyrocketing and the currency selling off. </p><p class="MsoNormal">As DB notes "the policy response required to what is going on is clear: a large, inter-meeting rate hike from the Bank of England as soon as next week to regain credibility with the market. </p><p class="MsoNormal">And, a strong signal that it is willing to do “whatever it takes” to bring inflation down quickly and real yield into positive territory.” </p><p class="MsoNormal">The USD remains the only winner in the FX majors space thanks to its safe haven status, an aggressive Fed and a global recession. </p><p class="MsoNormal">This week is poor on the tier one data front with some important indicators released only on the last day of the week. </p><p class="MsoNormal">Nevertheless, we will have Fed members speaking this week every day. It’s likely though that the market will just keep on its business where it left the last week, that is general risk aversion.</p><p class="MsoNormal">On Friday, we will see the latest Chinese PMIs, Eurozone CPI and US PCE. The Chinese PMIs are expected to show again contractions although mild. </p><p class="MsoNormal">The Eurozone Flash CPI is expected to show the headline figure rising to 9.6% Y/Y from the prior 9.1% and the Core measure showing as increase to 4.6% Y/Y from the prior 4.3%. </p><p class="MsoNormal">The ECB is finally raising rates aggressively, but a recession is inevitable, and the EUR/USD pair is a one way down road. Lastly, we will get the latest US PCE report. </p><p class="MsoNormal">The Core PCE, which is the Fed’s preferred measure of inflation, is expected to show an increase of 0.5% M/M from the prior 0.1% and 4.8% Y/Y from the prior 4.6%. Core PCE is not that market moving as CPI is released earlier and the FOMC has that data before its meetings. </p><p class="MsoNormal">As a side note, I would also highlight that a war between Ukraine and Russia after the 27th of September cannot be ruled out if Ukraine attacks the annexed territories of Luhansk, Donetsk, Kherson and Zaporizhia. Such a scenario can add to risk aversion and become very ugly if we see a (although unlikely) direct conflict between NATO and Russia. </p><p class="MsoNormal">This article was written by Giuseppe Dellamotta.</p> This article was written by ForexLive at forexlive.com.

  • IC Markets unveils new campaign to help traders to reach new heights
    by ForexLive on September 23, 2022 at 3:01 pm

    <p class="MsoNormal">IC Markets, one of the world’s largest Forex CFD brokers has unveiled its new global marketing campaign in front of an audience of thousands of rugby fans at the Rugby World Cup Sevens tournament held at the DHL Stadium Cape Town, South Africa last week.</p><p class="MsoNormal">The advertisement will air in 10 countries over the next few months and was created by South African creative agency and filmmaker Silver Bullet Films. The advert plays on the renewed interest in the 1986 movie Top Gun, following the release of the sequel Top Gun: Maverick, and encourages traders to ‘trade up’ and experience the superior benefits of IC Markets.</p><p class="MsoNormal">Commenting on the campaign IC Markets CEO Andrew Budzinski said, "Top Gun is an iconic film and is fundamentally about using skill and the right tools to harness potential and to achieve goals. We know our traders come to IC Markets because they are drawn to the features and benefits we offer that will help take their trading to the next level.”</p><p class="MsoNormal">Filmed outside Johannesburg by award winning Executive Creative Director Wayne de Lange, the new advertising campaign is IC Markets first major TV campaign since 2021</p><p class="MsoNormal">IC Markets operates in 200 countries around the world. Its +200,000 active traders take advantage of IC Markets’ competitive pricing, low spreads and ultra-fast institutional grade trading, totaling USD$1.11 trillion in volume traded (March 2022).</p><p class="MsoNormal">IC Markets chose the South African capital to film the advert, in recognition of its success in this market since launching in 2020. The decision to support the South African film industry also follows IC Market’s recent sponsorship of the Rugby World Cup Sevens held in Cape Town.</p><p class="MsoNormal">To view the new advert: </p><p class="MsoNormal">About IC Markets </p><p class="MsoNormal">Built by traders for traders, IC Markets is the world’s largest Forex CFD broker dedicated to offering exemptional trading conditions and world class 24/7 service to clients in over 200 countries around the world. </p><p class="MsoNormal">Since its launch in 2007, IC Markets has bridged the gap between retail and institutional clients, by offering a trading solution previously only available to investment banks and high net worth individuals.</p><p class="MsoNormal">As a result, IC Markets is the destination of choice for active traders worldwide who are seeking a trading environment that supports them to become a more confident and capable traders, delivering intuitive trading platforms with value-added tools and support for all trading strategies and styles. </p><p class="MsoNormal">IC Markets is dedicated to innovation, constant improvement, and utilising cutting edge technology for the benefit for our clients. </p><p class="MsoNormal">For more information click <a href="https://www.icmarkets.com" target="_blank">here</a>.</p><p class="MsoNormal">Disclaimer: </p><p class="MsoNormal">IC Markets is licensed and regulated in multiple jurisdictions. Please find all relevant risk warnings and websites below.</p><p class="MsoNormal">IC Markets (EU) Ltd is a limited company registered in Cyprus under company number HE 356877 and is authorized and regulated by the Cyprus Securities and Exchange Commission with License No. 362/18. Access the website: icmarkets.eu</p><p class="MsoNormal">Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.27% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. There is a possibility to lose all your initial capital. Access the website: icmarkets.eu</p><p class="MsoNormal">Raw Trading Ltd registered in Seychelles with registration number: 8419879-2, is regulated by the Financial Services Authority of Seychelles with License number: SD018. Access the website: icmarkets.com</p><p class="MsoNormal">Risk Warning: Trading Derivatives carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.</p><p class="MsoNormal">International Capital Markets Pty Ltd with registration number 123 289 109, is regulated by the Australian Securities and Investments Commission with License No. 335692. Access the website: icmarkets.com/au. </p><p class="MsoNormal">Risk Warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors. You don't own or have rights in the underlying assets. You should consider whether you’re part of our target market by reviewing our Target Market Determination, and read our PDS and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.</p> This article was written by ForexLive at forexlive.com.

  • The Flight of XRP and the Crypto Market Uptick
    by FxPro FXPro on September 23, 2022 at 9:57 am

    <p>itcoin has gained 3.8% in the last 24 hours to $19.4K. Quotes have stabilised near the lower bound of the three-month range. Ethereum gained temporary support after falling below $1300 and is up 6.7% in 24 hours. </p><p class="MsoNormal">XRP jumped 28% overnight and 66% over the week to $0.54, posting the highest gain among top-100 cryptocurrencies. There are rumours that crypto whales have switched from ETH to XRP after the SEC and Ripple Labs asked the court to speed up hearings for their case.</p><p class="MsoNormal">Other top altcoins are rising between 4.5% (BNB) and 7.1% (DogeCoin).</p><p class="MsoNormal">Despite this upward move, the technical picture does not yet point to a break in the downtrend, and widespread monetary policy tightening leads us to expect further pressure on markets.</p><p class="MsoNormal">On the other hand, we see precious metal prices rising with a 5% increase in crypto market capitalisation over the past 24 hours. This could be the start of a new trend, where investors are looking at alternatives as a safe haven for capital due to concerns over the solvency of countries.</p><p>News background</p><p class="MsoNormal">Changpeng Zhao, CEO of the world's largest cryptocurrency exchange Binance, said bearish trends are common and healthy for the crypto market. He said the crypto industry still has room to grow, while inflation and rising energy prices have drawn attention to cryptocurrencies.</p><p class="MsoNormal">According to Oklink, the recent drop in Ethereum resulted from miners' activation. Mining pools have dropped almost 17,000 ETH in the last seven days alone.</p><p class="MsoNormal">The final version of the European Draft Crypto Asset Markets Act (MiCA) equates NFTs with securities. Technically, the MiCA is still open for amendments, but other reports suggest that the European Union has finalised the bill's full text.</p> This article was written by FxPro FXPro at forexlive.com.

  • Things to look for when choosing a trading platform
    by ForexLive on September 23, 2022 at 9:15 am

    <p class="MsoNormal">Deciding on the best trading platform for you is an important first step in your trading career. </p><p class="MsoNormal">This could be achieved by finding the answer to technical questions such as: do you need a trading platform that offers the ability to place conditional orders such as a trailing stop loss order?</p><p class="MsoNormal">There are many trading platforms available, the most common being MT4 & MT5. </p><p class="MsoNormal">Whilst these are considered staple trading platforms, they can be considered quite clunky and difficult to use and thus, not a good idea for those just starting out. </p><p class="MsoNormal">Using the <a href="https://www.cmcmarkets.com/en-gb/trading-platform" target="_blank">brokers’ in-house trading platform</a> (clients can only trade via spread betting and CFDs) is a great way to start when that particular platform offers the key ingredients that many experienced traders look for.</p><p class="MsoNormal">These are the top 3 questions every trader should ask themselves before choosing a trading platform:</p><p class="MsoNormal">1 - What is the main device I use to trade on and do I only trade at home or also on the go?</p><p class="MsoNormal">Sometimes we’ll be trading on our laptops, other times we’ll be out and need to make a trade on the mobile phone or tablet. Using the MT4 mobile trading app is certainly far less visually pleasing than most in-house trading platforms. </p><p class="MsoNormal">It’s important that the graphs you see are easy to use. For example, we don’t want to be adding trend lines to a chart, only to find them jumping across the screen without your consent.</p><p class="MsoNormal">If you are a trader who often looks at the markets on your mobile phone, make sure to pick a trading platform that offers great charting abilities. It’s also important that the mobile app offers just as many functions as the desktop or web version.</p><p class="MsoNormal">Depending on your preference, you may prefer to trade on a web version or a desktop version. </p><p class="MsoNormal">There are pros and cons to both. </p><p class="MsoNormal">A web version can be accessed from anywhere and is useful to those often out and about but a desktop version can be left open 24/7 allowing you the opportunity to use copy trading tools or automated trading tools and manage the account from a remote desktop computer for uninterrupted usage.</p><p class="MsoNormal">2 - Does my trading platform offer advanced charting tools?</p><p class="MsoNormal">If you’re simply trading once every 6 months, perhaps a basic charting tool is all you need. But for those trading several times a week or even several times a day, advanced charting tools can become essential. </p><p class="MsoNormal">So, you should ask yourself the following questions if you do trade often:</p><p class="MsoNormal">- Can I add indicators such as Fibonacci Retracement, RSI or MACD to <a href="https://www.cmcmarkets.com/en-gb/instruments/gbp-usd" target="_blank">my GBP/USD trade</a>? </p><p class="MsoNormal">- Can I use the profit and loss tool (Fig. 1) on my EUR/USD trade? </p><p class="MsoListParagraph">- - Can I use the measuring tool (Fig. 2) to work out how many pips there are in a candlestick?</p><p class="MsoNormal">- Can I check the Highs, Lows, Open and Close prices of an individual candlestick with ease?</p><p class="MsoNormal">- Can I drop down from the Daily charts to see the price movements of the 8 hour, 4 hour, 1 hour, 30 minutes, 5 minutes, 1 minute and even ticks (seconds) charts?</p><p class="MsoNormal">- If I’m a fundamental news trader, how quickly can I switch from a USD/CAD chart to GBP/JPY without any delays or interruptions and quick loading speed?</p><p class="MsoNormal">- Can I add text, boxes or pictures to my charts?</p><p class="MsoNormal">- Can I switch between candle charting, area/line charting or even lesser used graphs like Renko?</p><p class="MsoNormal">If the trading platform you choose has ticked most of the above, you’re off to a good start. If you’ve found that the charting software is quite limited, it’s perfectly fine to use too. It’s all dependent on your trading style and how the platform suits you.</p><p class="MsoNormal">3 - What type of orders can you place?</p><p class="MsoNormal">For beginners, market and <a href="https://www.handbook.fca.org.uk/handbook/glossary/G2393.html" target="_blank">limit</a> pending orders are all you may need. But when you start investing time and money into a particular strategy, you may have found that using conditional orders could be the way to go.</p><p class="MsoNormal">The most common conditional order types are:</p><p class="MsoNormal">- OCO Orders</p><p class="MsoNormal">- Stop Order</p><p class="MsoNormal">- Trailing Stop Loss</p><p class="MsoNormal">What is an OCO Order?</p><p class="MsoNormal">Placing an OCO order involves placing two limit orders in opposite directions. </p><p class="MsoNormal">You’re going long and short at the same time. When the price reaches either one of your positions, the opposite position is closed and the one that was just hit gets triggered. This is useful for example when trading during highly volatile periods. </p><p class="MsoNormal">It’s just that much quicker than placing two limit orders.</p><p class="MsoNormal">Stop orders are another useful form of trading. Stop orders, different to limit orders, are orders placed, only when the price has moved through a specific target price point you’ve set.</p><p class="MsoNormal">Trailing Stop Loss orders could be a way to increase profits. It can however decrease them as well. It’s therefore important to test a trailing stop loss before implementing it into your strategy. </p><p class="MsoNormal">A trailing stop loss happens when you’re in a trade and in profit. Once the price has reached your first target, you can set a trailing stop loss that only closes your position when the price suddenly reverses. </p><p class="MsoNormal">Otherwise, if the price continues upwards, your trailing stop loss is moved higher and thus your minimum profit increases.</p><p class="MsoNormal">Can I copy trade or use automated trading?</p><p class="MsoNormal">If you haven’t yet thought this far ahead, it might be something to look out for. </p><p class="MsoNormal">Having the option to copy trade is great for those short on time. </p><p class="MsoNormal">You can rely on others to trade on your behalf at the click of a button. If the platform offers this, it may be an advantage to you.</p><p class="MsoNormal">Automated trading is a more complex feature whereby the trading platform places the trades automatically on your behalf based on a set of rules (or coding) that you’ve given it. In MT4 and MT5 these are known as EAs (Expert Advisors). </p><p class="MsoNormal">You can write or have code written for you and install the EAs to allow for automated trading. </p><p class="MsoNormal">These mechanical trades are advantageous in that they eliminate the emotional decisions that human traders make.</p><p class="MsoNormal">Summary</p><p class="MsoNormal">It’s important to choose the right trading platform that suits your trading styles. </p><p class="MsoNormal">The better trading platforms will offer advanced charting tools which are useful for intraday traders. </p><p class="MsoNormal">Then there are those <a href="https://www.forexlive.com/terms/t/trading-platforms/" target="_blank" id="86526325-7be8-4dd2-8c92-d6ef4e4bd020_5" class="terms__secondary-term">trading platforms</a> that offer copy trading and automated trading tools, these are useful for those struggling to bring in profits on their own terms.</p><p class="MsoNormal">In order to ensure you’ve chosen the right trading platform, ask yourself what type of trader you are. </p><p class="MsoNormal">Once you’ve figured that out, open up a demo account with the trading platform of your choice and place some trades before opening up a live, funded account.</p><p class="MsoNormal">Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to <a href="https://www.forexlive.com/terms/l/leverage/" target="_blank" id="dd66793e-59ef-4338-b10a-de27c62ccbe1_1" class="terms__main-term">leverage</a>. </p><p class="MsoNormal">The vast majority of retail client accounts lose money when spread betting and/or trading CFDs. </p><p class="MsoNormal">You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.</p><p class="MsoNormal">Marketing for CFDs and spread betting is not intended for US citizens as prohibited under US regulation.</p> This article was written by ForexLive at forexlive.com.

  • To spread bet or to trade CFDs?
    by ForexLive on September 23, 2022 at 8:58 am

    <p class="MsoNormal">Most UK traders will prefer to spread bet over using CFDs (Contracts for Difference). This is simply because spread betting is by U.K. law, considered gambling and is, therefore, free of Capital Gains Tax (CGT) whereas CFD trading is taxable. If, however, you did lose more than you made against the markets whilst trading CFDs, you are entitled to claim those losses against your tax bill. Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.</p><p class="MsoNormal">In terms of placing orders, closing trades, opening trades and the market movements themselves, there is no real noticeable <a href="https://www.cmcmarkets.com/en-gb/learn-spread-betting/spread-betting-vs-cfd" target="_blank">difference to the individual retail trader between trading CFDs and spread betting</a>.</p><p class="MsoNormal">The gritty definitions of spread betting and CFDs</p><p class="MsoNormal">Spread betting by definition is the speculation on the price movement of a particular financial instrument such as but not limited to, stocks, forex or commodities. Therefore, you are not purchasing the underlying asset and owning said stocks or currencies, you are merely betting on which way the price will go.</p><p class="MsoNormal">CFDs are tradeable securities, a legally binding contract between two parties, in this case, the trader and the broker. CFDs use margin for leverage.</p><p class="MsoNormal" align="center">Fig. 1 – Chart showing a CFD purchase and sale.</p><p class="MsoNormal">Is it better to spread bet or CFD trade?</p><p class="MsoNormal">Spread betting is only available to UK residents and is governed by the UK’s Financial Conduct Authority (FCA). Any broker that wishes to offer spread betting to UK residents must be registered with the FCA. For example, when you search for an FCA registered broker’s FCA number on the website https://register.fca.org.uk/s/search you will see that they comply with the strict rules that the FCA set and confirm that they are regulated.</p><p class="MsoNormal">Your eligible deposits with CMC Markets are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS). </p><p class="MsoNormal">For example, if you have £500 in your account and a trade slipped so drastically that the broker closed your position at a loss greater than your account value, say negative £100, a regulatory protection in place means the broker will set the balance on your account to zero. </p><p class="MsoNormal">The risks are difficulty in withdrawing your deposit and earnings, open to scams, trading against the broker instead of your trades going out to market, lack of liquidity causing <a href="https://www.forexlive.com/terms/s/slippage/" target="_blank" id="cc32d84a-a29b-469f-9618-c2b8d1605e7c_1" class="terms__main-term">slippage</a>.</p><p class="MsoNormal">The disadvantage of choosing a spread betting account governed by the FCA as a retail trader is that the leverage that you are offered is limited by <a href="https://www.fca.org.uk/news/press-releases/fca-confirms-permanent-restrictions-sale-cfds-and-cfd-options-retail-consumers" target="_blank">law</a> to 30:1. </p><p class="MsoNormal">Typically, spread betting brokers will offer easy to calculate costs by having all the costs joined into one fee, the fixed ‘spread’. Spread is the difference in cost between the buy and sell price. This is how the broker takes their cut for sending your orders off to the market. Brokers typically will charge 1-1.5 pips for the major currency pairs for opening and closing a trade.</p><p class="MsoNormal">When CFD trading, you may find that the fees are not collated and is, therefore, harder to understand how the costs are calculated. For example, there may be swap fees, commission fees, variable spread fees, opening fees and closing fees.</p><p class="MsoNormal">According to the FCA website, the leverage that is limited varies depending on the financial instrument you trade. These are as follows:</p><ul><li>30:1 for major currency pairs;</li><li>20:1 for non-major currency pairs, gold and major indices;</li><li>10:1 for commodities other than gold and non-major equity indices;</li><li>5:1 for individual equities and other reference values;</li></ul><p class="MsoNormal">Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to <a href="https://www.forexlive.com/terms/l/leverage/" target="_blank" id="dd66793e-59ef-4338-b10a-de27c62ccbe1_4" class="terms__secondary-term">leverage</a>. The vast majority of retail client accounts lose money when spread betting and/or trading CFDs. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.</p><p class="MsoNormal">Marketing for CFDs and spread betting is not intended for US citizens as prohibited under US regulation.</p> This article was written by ForexLive at forexlive.com.

  • The crypto market has chosen the downward path
    by FxPro FXPro on September 22, 2022 at 9:38 am

    <p class="MsoNormal">Bitcoin is losing 2% over the past 24 hours, hovering near $18.7K at the time of writing. Attempts at intraday gains have been shattered by the adverse market reaction following the Fed's forecasts and comments. BTCUSD has been declining for eight of the last nine days.</p><p class="MsoNormal">Total crypto market capitalisation is down 2% to $900bn for the day. Ethereum remains worse than the market, losing 5.5% in the last 24 hours, while the top altcoins are changing in a range of -2.2% (DogeCoin) to +3.5% (XRP).</p><p class="MsoNormal">Below current levels, Bitcoin has traded for just 17 hours in June, and on a sustained basis, it has not been lower since last November. Barring potentially very minor levels at $17K and $16K, on the chart, there are no meaningful consolidation areas for the first cryptocurrency down to $12K. Going down there looks like a very ambitious task for the bears, even with the current market.</p><p class="MsoNormal">News background</p><p class="MsoNormal">A US court has ordered Tether, the issuer of USDT, to provide USD reserves data, including account statements from banks and other institutions.</p><p class="MsoNormal">Meanwhile, a new bill has been introduced in the US Congress that proposes to ban the creation of algorithmic stablecoins like TerraUSD for two years.</p><p class="MsoNormal">The XRP token has risen 22% in the past six days amid a possible SEC court case against Ripple Labs on an expedited basis. Both sides have petitioned the court to do so.</p><p class="MsoNormal">"White Hacker" received 400 ETH (about $531k) from Arbitrum for identifying a vulnerability in Arbitrum's protocol code that could have resulted in millions of dollars in lost cash.</p> This article was written by FxPro FXPro at forexlive.com.

  • Plus500's Management Team Held the Company’s First Ever Capital Markets Day Event
    by ForexLive on September 22, 2022 at 7:31 am

    <p class="MsoNormal">Plus500, the global multi-asset fintech group, held this week its first ever Capital Markets Day event, which featured presentations from the Group’s Chair, Professor Jacob Frenkel, who shared his view on the Group’s promising future. In addition, Plus500’s management team presented across a range of areas, expressing excitement about Plus500’s market-leading position, the strengths of its proprietary technology‐based trading platforms and its key growth opportunities, notably in the US futures market. </p><p class="MsoNormal text-align-justify" style="">In the US futures market, <a href="https://www.plus500.com/" target="_blank">Plus500</a> identifies two major growth opportunities. Firstly, the Group is launching TradeSniper, an intuitive new trading platform, designed for the substantial retail trading audience. Secondly, Plus500 is targeting an institutional opportunity, where its brokerage-execution and clearing services are provided to institutional clients. Progress towards these opportunities will be driven by Plus500’s healthy balance sheet and highly differentiated technological capabilities. </p><p class="MsoNormal">Other important areas that were covered at the Capital Markets Day included Plus500’s strategy, track record, financial dynamics and business opportunities. In addition, there were deep dives on the Group’s technology, marketing, operations and product. Management emphasised that the strength of its proprietary technology-based trading platform has enabled the group to embark on its ambition to become a multi-asset fintech platform with the group now expecting the growth opportunities cultivated to generate five-year incremental, annualised revenue of c$500m, to be achieved through expansion of existing products, the introduction of new products, deepening customer engagement and expanding into new geographies, including the US.</p><p class="MsoNormal">Plus500 has developed over the years a wide range of technology capabilities to support customers on their journey, as the Group continues to diversify its product portfolio and geographic footprint. </p><p class="MsoNormal">These factors will drive future growth for Plus500 through expanding existing products, the introduction of new products, deepening customer engagement and expanding into new geographies, including the US. </p><p class="MsoNormal">To watch the event, please visit this link: <a href="https://stream.brrmedia.co.uk/broadcast/63130e71da906b287e9a548e" target="_blank">https://stream.brrmedia.co.uk/broadcast/63130e71da906b287e9a548e</a>.</p> This article was written by ForexLive at forexlive.com.

  • The crypto market has laid low
    by FxPro FXPro on September 21, 2022 at 9:00 am

    <p>Market picture</p><p class="MsoNormal">Bitcoin fell 2% to $19K in the past 24 hours as the US dollar rose and stock indices resumed their decline. Despite unfavourable market sentiment ahead of Wednesday's Fed rate decision, BTC managed to hold off from updating the previous day's low.</p><p class="MsoNormal"> Ethereum lost 1.7% to $1335, with prices for the top altcoins ranging from -2.7% (Shiba Inu) to + 7% (XRP), while total capitalisation fell 1.2% to $927bn, according to CoinMarketCap estimates. BTCUSD has been trading near the lower end of the trading range for the last three months. The market's reaction to the Fed's decision later today will determine whether we see a renewal of lows or a retreat from the bottom. The trend of the last month and a half makes a bearish scenario the main one, but still, surprises are not excluded. </p><p>News background</p><p class="MsoNormal">MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851 in early August, according to a report filed with the SEC. MicroStrategy's previous investment in the first cryptocurrency was in June when the firm acquired 480 BTC worth around $10m.</p><p class="MsoNormal">Famous cryptocurrency expert Willie Wu said that futures on the CME exchange are putting significant pressure on bitcoin, and this is, to a large extent, political pressure. The SEC approves cryptocurrency futures ETFs but prohibits the launch of spot funds. That said, hedge funds can short BTC with leverage.</p><p class="MsoNormal">Real Vision founder Raul Pal believes that Solana and Avalanche, cryptocurrencies with their original blockchains, will repeat the dynamics of Ethereum in the previous cycle in the next bullish cycle.</p><p class="MsoNormal">The US exchange Nasdaq is launching a cryptocurrency division that will offer customers digital asset custody services and tools to secure crypto companies.</p><p class="MsoNormal">This article was written by <a href="https://www.fxpro.com/" target="_blank">FxPro</a>’s Senior Market Analyst Alex Kuptsikevich.</p> This article was written by FxPro FXPro at forexlive.com.

  • XPro Markets - So, what’s happening to crypto?
    by ForexLive on September 20, 2022 at 8:20 am

    <p class="MsoNormal">During the last few months, the crypto market has been keeping traders on the edge of their seats. Unfortunately, it has not been the best year for <a href="https://xpromarkets.com/product-specifications/" target="_blank">popular cryptocurrencies</a>, as assets such as Bitcoin and Ethereum have reached record-breaking lows. However, what seems to keep traders invested in maintaining their trading positions in the crypto market is that despite the extreme volatility experienced in 2022, the booming crypto market still manages to have a solid presence among traders around the world. </p><p class="MsoNormal">At <a href="https://xpromarkets.com/" target="_blank">XPro Markets</a>, we’ve gathered the latest data and most important highlights of the crypto market’s movements so far this year, so you can get a better understanding of what is happening to your crypto CFDs and what are the reasons behind this volatility. Keep reading to find out more!</p><p class="MsoNormal">Crypto Market Overview Q2 2022</p><ul><li>During the second quarter of 2022, Bitcoin drops 56%, its worst performance in a decade.</li><li>A cumulative change of -$501.8 billion was recorded in crypto market capitalization, falling to $337.5 billion.</li><li>A record decline of eleven weeks led to a 67.4% decline for Ethereum in Q2. As a result, Ethereum's cumulative market cap declined by $265.79 billion, to $128.62 billion.</li></ul><p class="MsoNormal">Currently, cryptocurrencies are holding on, trying to stay above average-price levels. If you consider that in 2021 Bitcoin’s price had surpassed 65,000 USD and now it is struggling to maintain its ground over the 20,000 USD barrier, you can understand how challenging this year has been for this trending crypto.</p><p class="MsoNormal">Top Reasons the Cryptocurrency Market Is Crashing</p><ol><li>The effects of inflation: As prices rise across the board, people might be pulling their savings from non-essential investments - which, for many, include cryptocurrencies. Q3 also enhanced recession fears, making crypto traders even more sceptical when it comes to investing in such assets.</li><li>Russia-Ukraine War: In times of major geopolitical uncertainty, people tend to invest in safe, conventional, and consistently reliable assets. This has resulted in increased volatility in the cryptocurrency market, turning traders away from the challenge of crypto trading.</li></ol><p class="MsoNormal">Will it ever go up again?</p><p class="MsoNormal">If you’re a crypto CFD trader you’re probably wondering what you should be doing in these turbulent times. We’ve got good news and bad news. The bad news is that you can never be 100% sure about what’s going to happen to the markets in the future, as every <a href="https://xpromarkets.com/economic-calendar/" target="_blank">economic event</a> can impact your assets. </p><p class="MsoNormal">The good news is that there are ways to be more prepared when things go sideways. In every challenge, it’s important for traders to maintain their discipline and not lose confidence in their skills. Therefore, what can keep you one step ahead of the markets? Patience – Practice – Perseverance.</p><p class="MsoNormal">Keep <a href="https://portal.xpromarkets.com/login" target="_blank">boosting your trading skills</a> and discover ways to enhance your <a href="https://xpromarkets.com/trading-ebooks/" target="_blank">trading strategies</a>, while also staying up to date with economic events that could impact your trades. </p> This article was written by ForexLive at forexlive.com.

  • The crypto market has taken a hiatus from the sell-off
    by FxPro FXPro on September 20, 2022 at 8:12 am

    <p>Market picture</p><p class="MsoNormal">Bitcoin has changed little over the past 24 hours, trading at $19.4K on Tuesday at the start of the day. The initial fall was neatly redeemed during active European and US trading amid a rebound in stock indices. Some investors and traders saw the market response as excessive and sought to buy back the market at its current levels.</p><p class="MsoNormal">The capitalization of the entire crypto market rose 2.7% in the last 24 hours to 936bn. Both bitcoin and the crypto market continue to receive support near levels of the previous three months' lows, around the $20K and $900B area, respectively.</p><p class="MsoNormal">Despite a pause in the sell-off, the technical balance of power is on the bears' side, with the potential to renew the June lows and move into the $12-14K area.</p><p>News background</p><p class="MsoNormal">According to renowned expert Willie Wu, the cryptocurrency market has not yet bottomed out. According to him, if bitcoin fails to stay in the $19K - $20K range, it faces a collapse to $17.6K. However, BTC may only bottom at around $10K.</p><p class="MsoNormal">According to CoinShares, investments in crypto funds rose last week after sharp outflows in the previous week. Net inflows of $7 million compared to outflows of $63 million the week before. </p><p class="MsoNormal">$17 million Inflows to bitcoin funds contrasted with $15 million outflows from Ethereum funds. Investments in funds that allow shorts on bitcoin rose by $3 million. "The combination of positive and negative flows suggests a continued lack of investor engagement in cryptocurrencies," CoinShares said.</p><p class="MsoNormal">After nearly two years of litigation, the SEC and Ripple Labs called on a federal court to immediately rule on whether XRP sales violate US securities laws.</p><p class="MsoNormal">This article was written by <a href="https://www.fxpro.com/" target="_blank">FxPro</a>’s Senior Market Analyst Alex Kuptsikevich.</p> This article was written by FxPro FXPro at forexlive.com.

  • VIDEO: Seeing is believing. How do you take yourself from a gambler to a trader.
    by Greg Michalowski on September 19, 2022 at 3:48 pm

    <p>Seeing is believing? Have you thought about that in your trading? What does it mean? How can your vision, see the market more clearly?</p><p>IN this video, I talk to the traders vision that answers these questions AND will take you from a gambler to a trader. It is all about what you see. </p><p>Give me 7 minutes of your time, and start to see AND believe. </p> This article was written by Greg Michalowski at forexlive.com.

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