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  1. Fibonacci support and resistance Fibonacci levels are mainly used to identify support and resistance levels. When a security is trending up or down, it usually pulls back slightly before continuing the trend. Often, it will retrace to a key Fibonacci retracement level such as 38.2% or 61.8%. These levels provide signals for traders to enter new positions in the direction of the original trend. In an uptrend, you might go long (buy) on a retracement down to a key support level. In a downtrend, you could look to go short (sell) when a security retraces up to its key resistance level. The tool works best when a security is trending up or down. Pros and cons of Fibonacci Retracements Pros of Fibonacci Retracements As a means of identifying levels of support and resistance, Fibonacci retracements can be used to confirm suspicions of a market movement. Cons of Fibonacci Retracements However, Fibonacci retracements require a high level of understanding to be used effectively. Simply drawing lines on a price chart at the Fibonacci percentages will likely not yield positive results unless traders know what they are looking for. As such, beginner traders should take care when using Fibonacci retracements to be sure that a dip in an asset's price is a temporary pullback, rather than a more permanent reversal. Why do traders use Fibonacci Retracements? Markets rarely move in a straight line, and often experience temporary dips – known as pullbacks or retracements. Fibonacci retracements are used by traders to identify the degree to which a market will move against its current trend. The retracements are based on the mathematical principle of the golden ratio. The sequence for the golden ratio is 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, and so on, where each number is roughly 1.618 times greater than the preceding number. You can learn more about forex trading at forum.forex Thank You
  2. 2021 comes to an end and our team wants to celebrate the coming of the new year together with our clients! That's why we launch our traditional winter promo — the New Year Promo 2022. Once again the market will choose the lucky traders that will get the following prizes: iPhone 13 Pro Max 512 GB MacBook Max Pro iPad Pro Note: 100 cash prizes that would be transferred to trading accounts of our clients. All LiteFinance clients that deposit 1,000 USD to their trading accounts during the promotion period (from December 1, 2021, to January 31, 2022) participate in it. The gifts will be distributed in 5 stages. Winners of each stage will be determined using a transparent algorithm that forms a lucky number. The lucky number of a winner is formed on the basis of BID prices for four currency pairs on the LiteFinance-ECN.com server. Learn more about the terms and conditions on the page of LiteFinance New Year Promo 2022. You don't need to register to participate in this promotion, just make a 1,000 USD deposit in one transaction to your LiteFinance trading account from 01.12.2021 to 31.01.2022 and get a chance to win amazing Apple devices. More about the new year's promo: New Year gifts from LiteFinance
  3. At a time when it is difficult to remain anonymous, the identity of the inventor of the cryptocurrency remains a mystery. 13 years ago, a person or group by the name of Satoshi Nakamoto published an article describing a new software system called Bitcoin. Today, Bitcoin is worth more than $ 1 trillion and has sparked a phenomenon that its proponents believe could reshape the entire global financial network. There is a secret at the heart of Bitcoin, however. Who is Satoshi Nakamoto really? Note: Participate in the New Year promo Contest of LiteFinance & Win iPhone 13 Pro Max! Satoshi Nakamoto's Brief Public Life On October 31, 2008, Satoshi Nakamoto sent a nine-page document to a group of cryptographers describing a new form of "electronic cash" called Bitcoin. At the time, no one cared about Nakamoto's identity. This group was skeptical of the idea of Bitcoin itself. Cryptographers and developers like Hal Finney, Nick Szabo, David Chaum, and Wei Dai have tried to create an electronic version of cash for more than a decade. All of them failed for various reasons. On January 9, 2009, Nakamoto launched the Bitcoin network. Mr. Finney was one of the few who was intrigued by her, and for the first few weeks, the two of them worked remotely to keep the network working. The first bitcoin transaction came from Nakamoto. For about two years, when Bitcoin was growing slowly, Nakamoto wrote on message boards and exchanged private emails with developers. In December 2010, Nakamoto stopped posting publicly and stopped talking to developers in 2011. Gavin Andresen, software developer. Do we know anything about Nakamoto as a person? Not really. In public news, and even in private news published later, Nakamoto never talked about anything personal. Bitcoin and its code. Nakamoto uses two email addresses and a website. The identity of the person who registered them is blocked. There is no other public information. At a time when it is difficult to remain anonymous, Nakamoto remains a ghost. But isn't Nakamoto rich? There are roughly a million bitcoins that were "mined" in the first year from bitcoins that never moved. Today these bitcoins are worth around $ 55 billion. That would make Nakamoto one of the 30 richest people in the world. According to the Forbes Real-Time Billionaires List. These millions of bitcoins are said to be controlled by Nakamoto, and only Nakamoto. To move them around, you need the "private key," which is a long and unique series of letters and numbers that you control. The person who moves them would have a strong claim to be Nakamoto. Then Why Weren't They Sold? In the early years, the crypto community assumed that Nakamoto would remain anonymous and not touch these bitcoins, mostly out of fear. It didn't seem unreasonable that the inventor of bitcoin could be arrested. However, most governments (China is the big exception) have accepted bitcoin to varying degrees for years. A decade has passed since Nakamoto's disappearance. It is possible that the creator of Bitcoin died without giving the private keys to others. It is also possible that Nakamoto has lost the keys and cannot move the bitcoins. Somebody has to be Nakamoto, though, right? Andresen was identified as Nakamoto. Everyone has denied it and there is no evidence to the contrary. In 2014, a group of students and researchers from Aston University in Birmingham, England, performed a linguistic analysis and concluded that Mr. Szabo was most likely Nakamoto. Others have claimed that he is also Nakamoto. Mr. Szabo rejected the claim. Who is Craig Wright? Mr. Wright is a London-based Australian programmer who claimed to be Nakamoto in 2016; his claims were quickly questioned and rejected in the Bitcoin community. Bitcoins. To this day it hasn't. For the past several years, Mr. Wright has tried to enforce his claim. He has applied for patents on Bitcoin software even though it was released as an open-source project, and he sued a podcast host for publicly ridiculing his allegation of defamation. Did the Florida lawsuit reveal Nakamoto's identity? Wright himself was sued by the family of a late colleague named Dave Kleiman. Half of the Kleiman family from that million bitcoins. However, the jury found no evidence that the two created bitcoins together. If they did, Mr. Wright could have been legally forced to sell some of those bitcoins in order to be able to pay the cash rewards. So there won't be any legal pressure unless Wright proves ownership of Nakamoto's bitcoins, but most people in the bitcoin world will continue to deny his claims and until someone moves those bitcoins it's unlikely that no one will be accepted as the true creator of Bitcoin. And the mystery continues!
  4. The world of finance continues to be shaken up with more and more financial instruments that allow smart individuals to spread their wealth over time. Apart from your standard stocks, another tried and tested financial instrument that stands strong to this day is foreign exchange. Forex trading is the practice of trading and exchanging two different currencies in the hopes of making significant gains. It’s a popular financial instrument used by financial traders that prefer less volatile trading options as compared to stocks, crypto, and commodities. Although forex trading is a lot safer as compared to other trading options, that doesn’t mean that there aren’t any risks anymore. These are still pretty much present which is why you should learn the right techniques to help guide you towards making better trades. Note: Celebrate The 2022 New Year With LiteFinance And With Apple Gadgets! (More on litefinance.com) If you are a beginner, then here’s a good guide to get you started. Pick The Right Broker Before you even think about trading, the very first thing you should think of is the broker or the platform from which you can trade. While they are all there to help you trade, some platforms give you access to trading features and fair transaction rates altogether. Of course, you should also consider the security and legitimacy of the platforms you trade on as well. As there are many brokers available, you should consider your options thoroughly. Stay Updated What’s good about forex trading is that since it’s based on foreign exchange, the rates you are going to deal with are affected by current news regarding a country’s economy. For instance, good foreign investments can help the value of one currency positively whereas negative economic news has the opposite effect. This means that staying up-to-date with news regarding the currencies you trade-in is going to be beneficial. Now, keep in mind that no currency is volatile to the point that it will see a severe drop rate in 24 hours. Still, economic news does have its effect on a currency over time. Prepare A Risk Management Plan Like other financial instruments, your gains in forex trading depend on the risks you are willing to take. The higher the risks, the bigger your earnings. However, that doesn’t mean that you should carelessly trade until you completely run out of capital. It’s always good to trade with a risk management plan in mind. Ideally, you’d want to stop trading when you reach a certain threshold of losses. This will prevent you from completely losing your capital, and will allow you to come back another day if one trading session isn’t doing you well. Start Small Since this is your first time trading forex, it would be smart to start with small and manageable trade. This means starting with a small capital from the get-go. Try to test the waters and then develop your own trading strategy first. Forex trading is here to stay so try to be patient with it. Starting small also means trading one at a time. Experienced traders engage in multiple deals at a time but that’s because they’ve already developed the skillset for it through consistent trading. Practice It goes without saying that practicing is a key part of your forex trading journey as well. The good news is that there are many ways to practice without having to risk anything on your end. You can do this through demo accounts on trading platforms that let you trade with virtual money. Almost every trading platform offers this unique feature so you don’t have to look hard to find one. Before you trade with real money, make it a must to trade using a demo account first. Get a feel of forex trading. It’s similar to other forms of trading but since the instruments are different, it does take getting used to. Explore From the get-go, you might be tempted to trade only currencies you are familiar with. This isn’t a bad idea though. Doing this is good because you are at least familiar with the currency and you know how to take full advantage of it with what you know. However, don’t limit yourself to these currencies as there are many out there that are waiting to be explored. Sometimes, it’s good to keep a close eye on up-and-coming economies because they offer the best chances for growth and gains.
  5. Risk control is an essential part of trading. The sooner a trader understands its significance, the quicker he will begin to earn income at Forex. It is important to incorporate risk management into your trading system; however, the truth is that only experienced traders can efficiently manage their capital. However, do not forget they also used to be beginners. So, read and learn! Why Risk Management Is An Integral Part Of Trading At Forex? For many people who begin to trade in the currency market, it is very difficult to accept the fact that trading always involves risks and the task of a trader is to minimize these risks. Some beginners ignore risk management and do not achieve success in trading, shifting to some other type of business, which seems safer to them. Let’s consider the following example: Note: Celebrate The 2022 New Year With LiteFinance And With Apple Gadgets! (More on litefinance.com) How many professional drivers have ever thought that their job is always associated with risk, and one of their tasks is to minimize existing risks? It seems that only a few people are aware of these risks. There are lots of drivers on the roads, good and bad, experienced and beginners; you can even meet a drunk driver or a sick one on the road. There are also plenty of different types of pedestrians. Plus to this, there are slippery roads and potholes on the roads. Professional drivers have to face these facts every day. But who thinks about all these difficulties when a person receives his/her driving license? At the same time, when people join the world of trading, they think about the risks, although the situation on the roads is similar or maybe even more dangerous than in trading. Note also that income of a driver cannot be compared with the profit, which a person can receive in the currency market. Forex trading risk-free sounds so unreal to an average forex trader. How is it possible to trade forex without risk when in every trade, about 85% of participating traders are unsuccessful? It may sound farfetched but it is possible to trade forex with little or no risk at all. Here are some things every forex trader should do to avoid losing money in the market as a result of risks. How To Minimize Forex Risks? So, what to do? In order to minimize risks, a driver follows traffic rules on the roads and applies some practices in order to increase vigilance. A trader does the same thing. First of all, a trader uses indicators, and reviews important macro-economic data that may confirm the signals, etc.), secondly, a trader has to undertake some additional steps in order to protect capital. Risk & Money management is one of the most important and fundamental trading skills that any trader needs to dominate in order to become consistently profitable. In the following educational video, the trader will attempt to address this complicated (and usually overlooked) subject by sharing his money management tactics and demonstrating his real-time open positions.
  6. Everyone trading on the exchange must know and understand what a swap is. In my rather long professional career, I have come across many situations where people lost entire deposits simply because they didn’t know how swaps worked. In other words, if you understand well what swap is and how it works, you can protect yourself from unnecessary losses and even use swaps for additional profit. This concept is as important as leverage. Note: Participate In The New Year Promo Contest And Win Exciting Apple Gadgets! Now let's figure out what fx swap is. A foreign exchange swap is the difference in the interest rates of the banks issuing the two currencies, which is credited to or charged from the account when the trading position is kept overnight. The central banks of each country determine the key interest rate. This is the rate at which the central bank lends to other banks. This rate may change throughout the year. But its starting value is determined at the first meeting of the central bank of the year. On the foreign exchange market currency pairs are traded. Two different currencies are involved in the transaction, and each of them has its own interest rate. The currency pair contains the base and the quote currency. The former is the currency we buy and the latter is the currency we buy it with. The base currency is also called the deposit currency. This is our currency and the exchange uses it on a daily basis. Therefore it must pay us a certain percentage for it. The quote currency is also called the counter currency. It belongs to the bank and we borrow it from the bank. Therefore we pay interest to the bank for the use of its currency, like with a consumer loan. A swap is negative when you pay it or positive when it is paid to you. If there is a negative swap (with a minus sign), it's crediting to your trading account will end when you withdraw the funds (points). If the difference in the interest rates gives a positive swap, the money will not be withdrawn from your account, but rather a certain number of points will be credited. Thus, if the client has an open position at the close of the New York trading session, a currency swap operation is enforced. This means the position is simultaneously closed and opened for the new day. But on the client's account, there is no actual closing and opening. Rather the credited or charged interest is simply displayed. However, there is a day when this operation is tripled. This is called a triple swap day. For forex currency pairs, this is Wednesday to Thursday night. This is because settlements on the exchange for a position open on Wednesday are made on Friday. Therefore, the calculations for the position carried over from Wednesday to Thursday are done for the next day. And the next business day after Friday is Monday. This adds up to 3 days. Swap in trading is different for each instrument. It wouldn’t be convenient to constantly calculate them, so brokers provide special swap tables. My broker has a swap table you can use here. How to Calculate Swap In Forex? In order to understand when we pay swap and when it is paid to us, let's talk about how is swap calculated in forex when buying or selling: There is a simple formula, as shown above. The most important parameter of this formula is the rates of the central banks, or rather the difference in the interest rates of the base and quote currencies. For example, let’s compare rates for the EURUSD currency pair. The ECB rate is now at 0% (loans are effectively free), and the Fed rate is set at 0.25%. So if we buy a currency pair, we must subtract the quote currency rate from the base currency rate: 0 - 0.25 = -0.25. This means when buying this pair, the difference in rates is negative, and therefore the swap will be negative. But when selling a pair, on the contrary, we need to subtract the base currency from the quote currency: 0.25 - 0 = 0.25. The swap will be positive. This operation only gives us the positive or negative sign of the swap (which means either you pay or get paid). If we want to calculate the swap value itself, we need to substitute all the values into the formula. FX Swaps and Cross Currency Swaps: As I said above, there are several types of swaps. Now let's take a look at the difference between the three main types of swaps.
  7. Hey everyone! Hope you're doing great lately! Anyways, I'm gonna cut through all the unnecessary talks here and state to business, LiteFinance is currently giving away iPhone 13 pro max, iPad 2020, MacBook pro for their new year promo contest. If you also want to participate then visit the official website of LiteFionace. Hurry up, before it's too late! Note: Only Bangladeshi traders are applicable for this giveaway!
  8. Hey everyone! Hope you're doing great! It’s Robin Roy a trader and Forex figure from Khulna, Bangladesh! Are you also trading somewhere from Bangladesh? I would love to know your trading journey. Let's help each other out, shall we?
  9. Hey folks, It’s Robin Roy From Khulna, Bangladesh! I’m a trader and a financial author opting to share the experience and knowledge that I’ve gained throughout the year. Are you also from Bangladesh too? Let’s share our experience and get even better as a Forex enthusiast. Are you ready? Let’s get introduced!
  10. As all those peoples who have trading experience should be fully aware about short term and long term trading. Everyone having different opinion about that so share you personnel opinion?
  11. Success comes from knowledge – this is true for most things in life and especially Forex trading. To become successful, a trader needs to learn technical analysis. Technical indicators are a big part of technical analysis. What is forex indicators? Forex indicators are one way of examining market data. By examining historical data, such as currency price, volume and market performance, indicators seek to predict how the market will behave in the future and which patterns are likely to be repeated. Once traders have this information, they are able to make more informed trading decisions and may make higher returns as a result. You need to join a forex forum for learn more about forex indicators. How do Forex indicators work? The best indicators for Forex work on the assumption that past patterns are likely to repeat themselves, providing similar circumstances arise. Rather than viewing the FX market as a random series of events, Forex indicators look for patterns in specific market behaviour. Some Best Indicators, should know every traders: 1. Awesome Oscillator (AO) This forex prediction indicator MT4 is one of the best to be used in the forex indicator strategy. This oscillator is designed to deliver trading signals of the divergence which is the strongest sign of a soon trend reversal and trend pivot level in technical analysis. Well, let us start spotting divergence and make profits! 2. The Moving Average The moving average indicator is, of course, one of the most widely used FX indicators for identifying trends. While there are different types of moving averages, they all follow the same principle; to plot the average price for a specific duration over the price itself. 3. Exponential moving average (EMA) EMA is another form of moving average. Unlike the SMA, it places a greater weight on recent data points, making data more responsive to new information. When used with other indicators, EMAs can help traders confirm significant market moves and gauge their legitimacy. 4. BOLLINGER BANDS – AN INDICATOR TO MEASURE VOLATILITY Bollinger Bands helps to measure market volatility. Technical principle: Bollinger Bands consist of 3 lines. Each line (band) is an MA. The middle band is usually a 20-period SMA. It identifies trend direction – just like the MAs described above do. Upper and lower bands (or “volatility” bands) are shifted by two standard deviations above and below the middle band. 5. Trend Indicators Forex trend indicators are just what they sound like – data that can help you analyze market trends and patterns. While that may seem simple at first glance, there is much more that goes into it. You must carefully review these indicators, as you can always be swayed by what you believe the patterns to be. 6. Relative strength index (RSI) RSI is mostly used to help traders identify momentum, market conditions and warning signals for dangerous price movements. RSI is expressed as a figure between 0 and 100. An asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold. You can learn more about forex trading at forum.forex https://www.forum.forex
  12. I just found this Forex course and it helped me to understand how the forex market moves, You can download it for free using the link below. Also let me know in the comment section if the link is not working again. Thanks Regards. Click Here To Download The Course
  13. While the essence of using a forex indicator is to get positive results, or better put, a profit. Using the best forex indicator doesn’t automatically guarantee steady profits without the knowledge of the market. No doubt, expert traders can still smile to the bank without using forex indicators, but if you are a beginner, using forex indicators can help you with things pointed below: *. Finding a trade idea *. Determine a position that is not obvious to naked eye *. Save time that would have been used to analyze the market. Traders must opt for fore trading signal systems that offer buying/selling signals on the basis of accurate decisions taken by expert trading analysts. By simply recognizing the major trend’s direction, traders can attempt to make money by placing their trades in the direction of the trend. The main aim of trend based forex indicators is to help you determine whether you should enter into a short or long position. One of the most common trend-based trading methods is the moving average crossover. Every forex indicator will simply show you different visual representation of this same information. RSI, MACD, CCI, Stochastics & Bollinger Bands are all built using these 2 variables. No indicator contains a secret sauce capable of telling you when to enter and exit the market at the perfect time.
  14. One of the hidden truths behind profitable trading is to focus more to avoid losses than making profits. Not only at the beginning but you also have to always focus on avoiding unnecessary risks and losses. And, take my words this should be your main objective in order to build a successful trading career. Question: How the hell do I even do that? Answer: Stop-Loss orders are the smart solution that will be able to diminish your troubles. Besides, Stop-loss is used by numerous traders all across the globe. It prevents you from making haste decisions. And the next BEST thing? Your trades will be stopped on certain points which often saves you from HUGE losses. Because what’s there to say, " The Forex market is quite unpredictable". So, the stop-loss order can be referred to as a vastly essential trading asset for both experienced and new traders. From ForexCopier.com you should get a few advanced benefits: Ignore original order’s SL and TP. Set custom SL and TP for orders which are opened on Receiver account. Move SL and TP of copied order according to the difference between prices of initial and copied orders. Think of a stop-loss as an insurance policy: You hope you never have to use it, but it's good to know you have the protection should you need it.
  15. Liquidity pools ask a pool of tokens locked during a smart contract. These tokens are wont to initiate cryptocurrency trading by liquidating them. Liquidity pools are broadly relied upon by many decentralized exchanges to extend user participation and facilitate trade. Bancor introduced liquidity pools, but it became widely known when Uniswap adopted it. A liquidity pool is an automatic market maker that gives liquidity to stop huge asset price swings. On the opposite hand, As for the Forex market, liquidity pools mean a gaggle of market makers that fill a broker’s order book with bid and ask requests. A Tier 1 liquidity pool provider opens access to major market makers, including the world’s largest banks, hedge funds, investment , etc. As for Tier 2 providers, they'll connect a broker to a particular bank or to the pool of several institutions. The advantage of using liquidity pools is that it doesn't require a buyer and a seller to make a decision to exchange two assets for a given price, and instead leverages a pre-funded liquidity pool. this enables for trades to happen with limited slippage even for the foremost illiquid trading pairs, as long as there's an enormous enough liquidity pool. How Do Liquidity Pools Work? In its basic form, one liquidity pool holds 2 tokens and every pool creates a replacement marketplace for that specific pair of tokens. DAI/ETH are often an honest example of a well-liked liquidity pool on Uniswap. When a replacement pool is made , the primary liquidity provider is that the one that sets the initial price of the assets within the pool. The liquidity provider is incentivised to provide an equal value of both tokens to the pool. If the initial price of the tokens within the pool diverges from the present global market value , it creates a moment arbitrage opportunity which will end in lost capital for the liquidity provider. this idea of supplying tokens during a correct ratio remains an equivalent for all the opposite liquidity providers that are willing to feature more funds to the pool later.
  16. Western Texas Intermediate (WTI) crude oil is climbing for the fourth day in a row, surging almost 1%, trading at $73.86 at the time of writing. The market sentiment is downbeat. Major global equity indices closed with losses, except for the Japanese Nikkei and Topix, which reported gains of 2.06% and 2.31%. Meanwhile, as the New York session advances, the S&P 500, the Dow Jones, and the Nasdaq record losses between 0.01% and 0.25%. Meanwhile, the US Dollar Index, which influences the price in commodities stills up some 0.17%, at 93.25.
  17. Forex News - NZD/USD jumps to 0.7055 as the US dollar slides across the board US dollar drops across the board after US CPI data. NZD among top performers on Wednesday, supported by RBNZ expectations and risk appetite. The NZD/USD jumped from 0.7000 to 0.7055, reaching the highest level since Friday following the release of US inflation numbers. The pair then pulled back, finding support at 0.7035. The kiwi is consolidating the rebound from the 20-day simple moving average that stands at 0.6980. AUD/NZD is back at the monthly low at 1.0455. US data triggers dollar’s slide The Consumer Price Index grew at an annual rate of 5.4% in July, the same of June (highest in 13 years). The CPI rose 0.5%, in line with market expectations. The greenback dropped sharply across the board after the numbers, amid a rally in US Treasuries. Also higher equity prices contribute to weaken the US dollar. If expectations about a sooner-than-expected taper from the Federal Reserve gain more intensity, the dollar could recover momentum. Still, analysts at Westpac consider the kiwi should be more resilient than most developed currencies to USD strength given New Zealand’s strong fundamental outlook. “Multi-month, the NZD is supported by the NZ economy’s expected strength over the remainder of this year, the RBNZ’s signalled rate hikes, NZ-US yield spreads, and a positive outlook for NZ commodity prices. Our year-end forecast for NZD/USD is 0.74 (which is coincidentally where our estimate of fair value currently is)”, argue Westpac analysts.
  18. Bitcoin is the most popular instrument among traders dealing in the cryptocurrency market. Since its first appearance in 2009 it has experienced exponential growth and, whilst its millionaire-making heyday is thought to have passed, it remains the most commonly traded digital asset and holds significant profit potential for savvy investors. The current bitcoin supply is capped at 21 million, which is expected to be exhausted by 2140. A finite supply means that the price of bitcoin could increase if demand rises in the coming years. Instead, you should use this article as a starting point for your research before utilising one of the many available demo accounts to hone your trading skills before opening a live position. Here are some tips about Bitcoin trading. 1. Have a Reason for Every Trade Enter a trading position only when you know why you’re entering it and have a clear strategy in mind. Not all traders are profitable. 2. Start out Small The first of our bitcoin trading tips is to proceed with caution and start with a relatively small investment. 3. Clear Stops, Clear Targets: Have a Plan For each trading position, we must set a precise target level to take profit and, perhaps even more importantly, a stop-loss level for cutting losses. Setting it involves deciding on the maximum loss we can afford to take before the position gets closed. 4. Choose a Secure Wallet Your bitcoin wallet is a holding pen for your digital assets so it’s important to choose wisely to ensure security and ease of access. 5. Risk Management: Not Just for Crypto Pigs get fat; hogs get slaughtered. This statement tells the story of profits from our perspective. To be a profitable trader, you never look for the edge of the movement. You look for the small gains that will accumulate into a big one. You can learn more at forum.forex forum.forex - Online Forex Forum for Forex Traders, Forex Brokers, Forex Signal Providers, Forex Trading News and Forex Traders Education Resources Discuss the Forex Market, Currency Trading Strategies and Forex Leverage. Share tips, Ideas and Market-Moving Data
  19. Midway through trading Friday, the Dow traded up 0.39% to 35,029.73 while the NASDAQ rose 1.02% to 14,689.65. The S&P also rose, gaining 0.57% to 4,431.01. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 37,296,810 cases with around 625,180 deaths. India confirmed a total of at least 32,358,820 cases and 433,580 deaths, while Brazil reported over 20,494,210 COVID-19 cases with 572,640 deaths. In total, there were at least 210,073,340 cases of COVID-19 worldwide with more than 4,404,570 deaths, according to data compiled by Johns Hopkins University. Leading and Lagging Sectors Information technology shares rose 1.3% on Friday. Meanwhile, top gainers in the sector included Pixelworks, Inc. PXLW 21.06%, up 18% and VirnetX Holding Corp VHC 11.2% up 13%.In trading on Friday, energy fell 0.5%. Top Headline Deere & Company DE 1.82% reported better-than-expected results for its third quarter on Friday. Deere reported quarterly adjusted earnings of $5.32 per share, surpassing analysts’ expectations of $4.57 per share. The company’s quarterly sales came in at $11.53 billion, versus estimates of $10.30 billion. Deere raised its FY21 net income guidance from $5.3 billion -$5.7 billion to $5.7 billion -$5.9 billion. Equities Trading UP GeoVax Labs, Inc. GOVX 53% shares shot up 42% to $6.12 after the company presented data from ongoing studies of its preventive vaccine against COVID-19, showing its modified virus Ankara - virus like particle platform, has a design strategy for vaccines that is expected to induce broader immunity through inclusion of multiple structural and nonstructural proteins from the target pathogen. Shares of Flora Growth Corp. FLGC 26.22% got a boost, shooting 26% to $11.09 after the company reported its financial and operating results for the six months ending June 30, 2021, revealing revenues of over $2 million, compared to revenues of approximately $100 000 in the same period of last year.360 DigiTech, Inc. QFIN 15.3% shares werealso up, gaining 14% to $19.32 after the company posted a rise in Q2 sales Check out these big movers of the day Equities Trading DOWN Sonnet BioTherapeutics Holdings, Inc. SONN 50.28% shares tumbled 48% to $0.6321 after the company priced a 35.29 million share offering of common stock and warrants at $0.85 per unit.Shares of HEXO Corp. HEXO 27.66% were down 25% to $2.4017 after the company reported a $140 million public offering.Progenity, Inc. PROG 55.46% was down, falling 54% to $0.6800 after the company reported pricing of $40 million public offering of common stock and warrants. Commodities In commodity news, oil traded down 0.7% to $63.23, while gold traded down 0.1% to $1,780.90.Silver traded down 1.3% Friday to $22.93 while copper rose 1.8% to $4.1150. Euro zone European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.38%, the Spanish Ibex Index gained 0.38% and the German DAX 30 gained 0.17%. Meanwhile, the London’s FTSE 100 gained 0.45%, French CAC 40 rose 0.33% and Italy’s FTSE MIB slipped 0.04%.German producer prices jumped 10.4% year-over-year in July following an 8.5% increase in the previous month. Retail sales volumes in the UK declined 2.5% in July, while the GfK consumer confidence index declined to -8 in August. Economics The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
  20. The US dollar rose against other currencies after a senior Federal Reserve official said that the bank should exit its emergency bond-buying program. In an interview with the Financial Times, Eric Rosengreen, CEO and president of Boston Fed, said that the ongoing bond purchases were ill-suited to address some of the challenges facing the economy like supply shortages. He said that the solution was for the government to end some of its stimulus measures and urge people to go back to work. This has, in turn, led to supply shortages, which has pushed prices higher. The British pound tilted higher even after the relatively weak UK inflation data. According to the Office of National Statistics (ONS), the country’s consumer price index (CPI) declined from 2.5% in June to 2.0% in July. This decline was worse than the median estimate of 2.3%. The core CPI that excludes the volatile food and energy prices declined from 2.3% to 1.9%. This was lower than the estimated 2.2%. Meanwhile, the producer price index input and output rose to 9.9% and 4.9%, respectively. The NZDUSD wavered after the latest Reserve Bank of New Zealand (RBNZ) interest rate decision. The bank decided to leave interest rates unchanged at 0.25%, where it has been in the past few months. Analysts were expecting that the bank will hike interest rates by about 0.25%. In its statement, the bank attributed the decision to the country’s reintroduction of level 2 lockdowns after it reported one Covid-19 case. NZD/USD The NZDUSD pair declined after the latest RBNZ decision. It initially declined to 0.6868, which was the lowest level since November. It is trading at 0.6895, which is below this month’s high of 0.7090. On the four-hour chart, the price is along the lower side of the Bollinger Bands while the MACD has declined substantially. Therefore, the pair will likely bounce back in the next few days as New Zealand manages to address the Covid situation. GBP/USD The GBPUSD pair tilted slightly higher as investors reflected on the latest UK inflation numbers. On the four-hour chart, the pair moved to the lower line of the descending channel. The pair has also formed an inverse head and shoulders pattern, which is usually a bullish sign. Still, it remains below the 25-day moving average while the Relative Strength Index (RSI) has moved below the oversold level. The pair will likely bounce back ahead of the FOMC minutes. USD/JPY The USDJPY pair rose to a high of 109.63, which was slightly above last Friday’s low of 109.10. On the four-hour chart, the pair is still below the 25-day and 15-day moving averages. The MACD indicator has made a bullish divergence pattern while the moving average of oscillator has moved above the neutral line. Therefore, the pair will likely continue rising as bulls target the key resistance at 110.
  21. In the world of forex trading, there are no guarantees on profit, and risk exposure is inevitable. A professional forex signals service provider will never try to trick its users by advertising guaranteed profits and returns. On the other hand, the trusted names in this sector will be transparent about their performance, offering you insight into their past performance by publishing reports on how effective their signals were. Frequency and diversity in forex signals The ideal forex signals’ service provider for you should publish an adequate number of forex signals and trade ideas through the day and offer a good mix of trading instruments, including the ones that you like to trade the most as well as other options so that you can diversify your trading portfolio and experiment with new instruments to spread out your exposure. In addition to trade ideas offering a variety of instruments, an ideal provider should also offer a good mix of long-term and short term signals so you can try different kinds of trading strategies, such as swing trading and intraday trading. Clarity into past performance Their performance reports should offer the following information – how many signals they published over a specific period of time, e.g. one year, the percentage of wins vs. losses, drawdowns, the number of pips generated or earned by their forex signals, as well as details about gains in percentage terms over the past few years. Of course, keep in mind that past performance is never an assurance for future profits. However, a forex signals’ service provider that is honest about its wins and losses, and gives you the numbers so you can assess its performance is far more reliable than those that make empty, lofty promises of doubling your money. When tracking the performance of the signals provider, there are a few important things that you need to assess. Of course, the overall profit raked in by their trading signals is a great way to know how useful their service will be for you, but you also need to dig a little deeper to assess their performance. The total number of pips earned by the forex signals is an important measure of how exactly the profits were generated, for instance, did they come from a few pips on high risk/high margin signals or in the form of a higher number of pips from signals with different levels of risk/exposure. In addition, you should also check to see if the signals provider offers details on their win rate – the number of winning signals from the total number of signals published. Quantity vs. quality of signals It would also be helpful if the provider offered a breakdown of the number of signals published and the profit to loss ratio for each kind of instrument they cover. In addition, a deeper insight detailing the breakdown of the trading signals based on buying vs. sell, long term vs. short term, and different types of instruments, e.g. forex, commodities, cryptocurrencies, and indices, can also go a long way in helping you make an informative decision on selecting the right forex signals service provider. Timing matters The best forex signals provider for you should be one that publishes enough trade ideas through the hours when you are most active. For instance, if you like to trade the US session markets, there is no need to go with a provider that pushes more signals during the Asian session, which are too many missed opportunities as far as you are concerned. In addition, ensure that the provider has a reliable way to alert you whenever a new forex signal is published so you can choose to act on it immediately. The more time you lose in making a trading decision, the lower the possible returns become as other traders may beat you to it. I will recommend Hot Forex Signal as a professional Forex signals provider.
  22. I have started trading for the last few months back say 8 months. When I was a beginner, I committed many mistakes and blew my account even once. Then I joined some free signal groups and believe me they are real scammers. Please don't follow them at all. I got some books and learned little fundamentals of the market. I trade for one month but could not book much profit. then I joined a paid signal provider but as they promised they will double my money and blah blah... They were also fake promisers. 2 months back I joined another signal provider named Hot Forex Signal which promised me 1200 pips, though I got 1200 pips bcoz of my work and all I am satisfied with their transparency and services. I had continued this time also. The only thing is they are more active in the London sessions. But they are reliable. Forex is a vast subject to learn and a great roller coaster for fun. I think everyone should try Forex once in life.
  23. Starting a forex trading business is a relatively simple undertaking. All you need is a reliable forex broker, a feature-rich trading platform, and a small amount of capital to buy and sell currency pairs. However, there are certain pitfalls, risks, and factors that you need to be aware of to trade effectively and turn a profit. The Forex market is inherently different from the stock market. More than $5tn is traded every day, mostly by ‘institutional’ traders connected to large institutions and companies. These trades account for 94.5% of activity on the forex market. When starting a business, you will work as a retail trader and make use of leverage offered by brokers to support your entries into and exits from the market. Learn the basics You can trade without prior knowledge of forex, but it is not recommended as you will run up significant losses very quickly. Opening a demo account is arguably the best way to get to grips with the different aspects of Forex trading as you will be able to experiment freely and adopt new strategies without the fear of financial setbacks. You can also watch video tutorials, attend webinars, and read relevant blogs and articles for both basic and advanced insights. Another key skill for forex trading is technical analysis. Mastering the art of reading charts and indicators such as Bollinger Bands, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) will enable you to identify movements and trends that can be used to make profitable moves. Select a reliable broker Forex brokerages effectively act as a middleman between you and the forex market, so it is vital that you choose a broker that is not only reliable and regulated but also well suited to helping you achieve your financial goals. Legitimate traders will provide you with a trading platform that is secure, has access to major pairs, and offers additional tools and charts to support your decision-making. Be aware that there are scam brokers that will attempt to dupe unsuspecting victims with a range of fraudulent practices such as Ponzi schemes and signal seller scams. Malicious third parties may also attempt to present themselves as reputable outlets and promise large profits, when in fact they are fake or illegitimate. You can find authentic brokers by reading reviews and investigating them beforehand. Organize your trading capital Trading foreign currencies have a lower point of entry compared to stock as investors can set up an account with as little as $10 or $20. Brokers also offer something called to leverage that allows you to trade more than you have in your account. Leverage of 50:1, for example, would give you access to $100,000 if you deposited $2,000 into a margin account. While leverage is beneficial for beginners as it increases their trading position beyond an opening cash balance, it can amplify losses and lead to financial woes if not used correctly. If you manage leverage carefully though, you can mitigate many of the downsides and use it to your advantage. Practice, practice, practice As noted earlier, opening a demo account will give you free rein to practice your trades so that you have a better understanding of when to buy and sell at the right time. This is also a perfect opportunity to try out new strategies and tactics. You should keep practicing for a few weeks at least or until you feel comfortable making the step up to real money. Trade For Real Money Trading real money on forex will expose you to certain pitfalls that you may not have experienced during your practice trade. It is important to remember that forex is not a shortcut to instant wealth. You will need to slowly nurture and develop your account, especially during the formative weeks and months, to make sustainable profits. However, don’t be deterred by a losing streak either. It is statistically normal for even the most successful traders to run into a barren period when losses mount up. These downturns should not be a signal for you to close your account as you should eventually be able to bounce back if you keep making the right moves. Finally, just because you have started a forex business does not mean that you have to be trading 24 hours a day, seven days a week. The forex market is ‘always on’ due to the time zones for each region, but try to work for a set seven or eight-hour period that fits into your daily schedule at first and then go from there. Remember, the smartest move sometimes is to sit back and not enter the market. Taking this advice on board will give you the best chance of setting up a business that can support profitable day trading on the forex market.
  24. Here are the best top 5 online forex trading websites.....! http://www.themoneyathome.com

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