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WELCOME TO 2021 WITH FXOPEN. THANK YOU FOR TRADING WITH US!

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First of all, let us thank you for being FXOpen’s loyal clients. We do and will continue to do everything in our power to provide you with the best user experience possible, especially at such an important time for the markets. In 2020, we were able to put on a few exciting initiatives — with your help, of course. And this little digest is designed so that we can celebrate our accomplishments together. Let’s go!


More trades, more traders!

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We are incredibly happy that so many traders trust us, both beginners and professionals. Each of you is very important for FXOpen, and we want you to have access to the markets and instruments that are profitable for you.

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What to Consider in 2021 Global Financial Markets?
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While the year is not over yet, everyone looks at what lies ahead. But how to better prepare for the next year’s trading opportunities without looking back at the events that marked 2020?

So many things happened that it is impossible to discuss them all in this article. Instead, let’s have a look at what influenced financial markets in 2020 and can also have a say in what the markets will do in 2021.
COVID-19 Pandemic

Unfortunately, 2020 will be a year remembered for the coronavirus pandemic and everything that it brought with it. Caught completely by surprise, the world reacted with a lag. Lives were lost, and industries were disrupted. Small businesses were affected the most, with many closing their doors indefinitely.

Governments and central banks reacted the only way they knew – by printing money and offering loans to incredibly low interest rates. Brave wannabe entrepreneurs took a chance in the hope that 2021 and beyond will be better.

Hope does exist. Vaccines are rolled out all over the world. Studies show that the efficacy of the many vaccines that already exist is enough to stop the pandemic in the second half of 2021.
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2020 Financial Events to Impact 2021

For financial markets, 2020 brought some incredible developments. First, it brought the fastest dive from a bull to a bear market in history. By definition, when the stock market corrects more than 20% from the highs, it reaches a bear market – in March 2020, the drop came so fast as never before.

Second, the price of oil settled into negative territory. For the first time in history, investors learned that the price of a commodity could settle for negative values. Basically, producers paid for someone to come and take the oil off their hands as no storage facilities existed anymore.

Third, the global negative-yielding debt surged close to $20 trillion. As the chart above shows, the trend stalled somehow during 2015 and 2017 but closed the year at record highs. Debt with negative yields show investors willing to lend money to an entity (e.g., sovereign, corporation) that pays them back less than the original amount invested.

Fourth, Brexit came to an end a few days ago. The United Kingdom and the European Union reached a trade deal that was responsible for much of the price action swings in the GBP pairs for the entire year. Starting with January 1st, 2021, trade between the two takes a new dimension. It is hard to envision now the benefit of Brexit for both the United Kingdom and the European Union. Perhaps it will become obvious somewhere in the future, perhaps not – but at this point, Europe looks weak.

Finally, the United States prepares for a new administration at the White House. It brings new air after four years of controversial policies run by Trump’s administration. It also brings a new head of the Treasury, none other than the former chairwoman – Janet Yellen.

If and when the pandemic ends, the world’s economies have a long way to full recovery. The events mentioned above left deep wounds that cannot heal easily.

FXOpen Blog

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MetaQuotes has released macOS installers for MT4 and MT5

A trading platform for macOS users can now be installed more easily with the help of MetaTrader 4 and MetaTrader 5 installers, recently released by MetaQuotes.

The macOS operating system accounts for 13% of MetaTrader 4 and MetaTrader 5 installations, and the numbers are growing. According to MetaQuotes, users are increasingly requesting a convenient macOS installer, so a dedicated solution for Apple devices was developed.

macOS users no longer need to use additional software to install a trading platform on their system. All that is required is to download the dmg file for installing MetaTrader 4 or MetaTrader 5 and run it:

DOWNLOADMT4

DOWNLOADMT5

Follow for more details

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Cryptocurrency CFDs TRADING
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TRADE CRYPTO CURRENCY with CFD Instruments
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FXOpen lets you trade all the most popular cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Dash (DSH), Ripple (XRP), Monero (XMR), IOTA, EOS, NEO, OMNI in the form of CFDs without having to hold any cryptocurrency directly.

WHY TRADE CRYPTOCURRENCY WITH FXOPEN?
 

  • ONE OF THE LARGEST BITCOIN CFD BROKERS - We use top Liquidity providers (Exchanges) to aggregate liquidity and hedge the risks of client's exposure. Our order execution is based on the ECN Aggregator.
  • TRUE ECN ENVIRONMENT - You can trade cryptocurrencies on MT4 Platform and enjoy all the benefits of ECN execution: you trade against other market participants, not against the broker.
  • LOW SPREADS AND COMMISSIONS - You get tight market spreads and low trading commissions (0.5% half-turn), while the broker benefits as your traded volume and profits grow.
  • TRADE THE WAY YOU LIKE - All the popular Forex trading styles including scalping, hedging and all the types of expert advisors are allowed.
  • THE MOST POPULAR TRADING PLATFORM - Buy or sell instantly with one-click trading on MT4.
  • GO LONG OR SHORT ON ANY CRYPTOCURRENCY CFD - Take a position when you expect a cryptocurrency to fall in value, as well as rise. No actual crypto assets are required.
  • ENJOY PEACE OF MIND TRADING WITH A TRUSTED BROKER - FXOpen is a reliable Forex broker with a 10+ years' history.

FXOpen Company News

Edited by Resolve
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PAMM for Followers

A Follower is a trader who probably lacks time, skill or desire for full time Forex trading. The Master’s trading strategy will automatically be replicated in the Follower’s trading account in respect of these selected funds. This allows Followers to receive profit without fully engaging themselves into Forex trading.

Benefits of PAMM for Followers

  • Full control over funding and withdrawing


The Follower can add money to be used in the PAMM account or withdraw these funds at any moment of time without any permission from the Master. The Master has no access to adding or withdrawing the Follower's money whatsoever. So the scenario when a dishonest Master prevents a Follower  from withdrawing money or fails to pay the profit is completely impossible.

  • Automatic Allocation of Profits/Losses and Fees


All calculations (allocation of profit and fees) are made automatically, strictly on time and in accordance with the Offer Conditions that were accepted by the Followers.

 

Learn more

 

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Results of the "Money Managers" Forex Contest Announced

"Money Managers", a Forex contest with real PAMM accounts, ended on December 31st, 2020.

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We have received the results of the contest and present the winners to you:

1st lace: AM_Foresight gets $5000-prize.
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2nd place: MHon gets $3000-prize.
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3rd place: ycchai gets $2000-prize.
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The prize will be added to an investment account according to a 50/50 offer: 50% of the profit goes to the Manager, the investor (the Company) receives the remaining 50%.We congratulate the winners and wish them further success in trading!

Please note that it is forbidden to conceal in PAMM-system such account statistics for investors as equity, drawdown, exposure level, completed trades. This data should always be accessible to view.

"Money Managers" contest is a unique opportunity to show your trading skills on real PAMM accounts.

During the contest, participants have the opportunity to deposit and withdraw funds from their accounts, accept investments, create new offers, use any strategies, Expert Advisors, and robots. Also, the contest is a great chance to make your PAMM account known among potential followers.

To get more details on how FXOpen PAMM service works, please visit our website.

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Changes to FXOpen Trading Hours on US Martin Luther King Day

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Dear Traders,
Please note that due to the celebration of Martin Luther King Day in the US on Monday, January 18th, 2021, trading hours for some financial instruments will be changed as follows:

Monday, January 18th, 2021

  • Spot commodities CFD:
  • Gold (XAUUSD) – trading ends at 20:00;
  • Silver (XAGUSD) – trading ends at 20:00;
  • US Crude (XTIUSD) – trading ends at 19:45;
  • US Natural Gas (XNGUSD) – trading ends at 19:45.
  • Indices CFD:
  • Japan 225 (#J225) – trading ends at 20:00;
  • US SPX 500 (#SPXm) – trading ends at 20:00;
  • US Tech 100 (#NDXm) – trading ends at 20:00;
  • Wall Street 30 (#WS30m) – trading ends at 20:00.
  • Stock CFD – trading closed.


All other financial instruments will be traded as usual.

Please consider these changes when planning your trading activities next week.


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TOP PAMM Accounts of 2020: Overview

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We wish all traders, managers, and investors a happy 2021! We wish you confident trading, high-yield investments, and success in all your endeavors!

The end of December and the beginning of January is a difficult period on the market. During this time, the market is called thin because only professionals can trade confidently. And of course, any investor is always on the lookout for managers that will be stable and profitable under any conditions, to have the most balanced portfolio after the holidays with minimal risk of losses.  How was the year 2020 memorable for us, and which accounts turned out to be the best in the race?

Read Full on FXOpen Company Blog...

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Changes in cryptocurrency CFD trading schedule on January 17

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Dear Traders,
Please, note that on Sunday, January 17, CFD cryptocurrencies will not be traded from 15:00 to 17:00 (+2 GMT) due to scheduled maintenance. We apologize for the inconvenience and kindly hope for your understanding.

Please consider this information when planning your trading.

FXOpen Company News

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Changes to Australia Day Trading Hours

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Dear Traders,
Due to the upcoming Australia Day celebrations on Tuesday, January 26th, 2021, you will experience the following change in the trading hours schedule:

Thursday, January 26th

  • Indices CFD:
    • Australia 200 (#AUS200)  – trading starts at 08:10 AM (GMT +2).


All other financial instruments will be traded as usual.

Please consider these changes when planning your trading next week.

FXOpen Company News

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TickTrader Trading Platform

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TickTrader is a brand-new trading platform, which allows clients to trade five of the most popular asset classes — forex, stocks, commodities, indices, and cryptocurrencies via one trading account. A special trading account, TickTrader ECN, has been designed for trading using TickTrader platform.

As a trading platform, TickTrader pursues one goal: helping users to become profitable. It is easy to adopt and use, but besides being user-friendly, TickTrader boasts comprehensive functionality that ensures it meets the multitude of requirements from every type of trader, from beginner to institutional.

TickTrader Key Features

  • TickTrader Terminals. Use TickTrader Desktop Terminal, or install the special version of TickTrader Mobile Terminal on your iOS or Android device, or trade direct from any browser via TickTrader Web Terminal.
  • Highly customizable user-friendly interface. Personalize each single panel settings as well as the whole workstation entirely: a trader can easily create trading layout using a wide range of options and preferences.
  • Advanced technical analysis tools. Take full advantage of ready-made various traditional indicators or make your own and add them to your account.
  • One/double click trading mode. This tool is designed for traders who are looking to make profits of rapidly moving markets, or want to try high-frequency trading and/ or scalping and do not intend to lose a second on waiting. The orders are placed immediately.
  • Level 2 pricing. Venture the market depth with up to 200 levels and the ability to see your limit orders inside the order book.
  • Trading alert system. Customize your alerts and then choose how you receive the notifications.
  • Detailed charting system. Descriptive charts allow a trader to draw and see volumes, trades, and set up alerts.
  • Strategy back tester. Test and evaluate your trading strategies using past pricing and liquidity. You can then use the analytics to run your algo-trading strategies and EAs.

What TickTrader has to offer?

Now you can manage both margin and deliverable trading directly through the platform or via a FIX, REST, or WebSocket API. You can also fully adjust your workspace to suit your needs — a new intuitive user interface and more than 1200 advanced trading tools deliver a fully customizable trading experience. Level 2 data, heat maps, and backtesting are just some of the extensive trading tools offering sophisticated data analysis on the TickTrader platform, designed to help FXOpen clients create successful trading strategies.

You can also make use of all the opportunities offered by advanced order types — Market orders, Limit Orders, and Stop Orders. There are also several advanced settings for these order types the platform has to offer: volume units (lot or quantity), stop levels, and slippage settings.

FXOpen Company News

Edited by Resolve
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ForexCup Trading Championship 2021, a contest for traders to win $50,000, is now live!

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FXOpen, a trusted global CFD and Forex broker is proud to announce the launch of the ForexCup Trading Championship 2021. The contest with the main prize of $50,000 runs from January 1 to December 31, 2021, and is available to all traders with active FXOpen accounts.

The ForexCup Trading Championship is a one-of-a-kind contest designed to engage investors, traders, and portfolio managers in fair and reliable global competition. For an entire year, participants will compete for the title of the best and for a hefty cash prize of 50,000 U.S. dollars, which will go to whoever demonstrates the most profit at the end of the year 2021.

  • The contest is available to anyone who has an active FXOpen ECN account. The only requirement is to have a minimum trading deposit and follow the contest rules.
  • Participants can choose any instruments available within their jurisdictions: spot FX, Index, Commodity, Stock, Metal or Crypto CFDs.
  • Three personalized crystal trophies are prepared for the first three places, and the trader who takes the first place will receive a cash prize of $50,000 without any additional conditions.

Forex Trading Championship is a brand-new name among other trading competitions, but it has a big legacy. With the support of renowned partners, including global Forex and ECN broker FXOpen, the championship provides an opportunity for you to compete with the best and put your trading strategies to the test!

“We launched the ForexCup Trading Championship to provide our clients the unique opportunity to test not only themselves but to measure and compare their trading skills against their peers, to take the coveted position of Top Trader. Ultimately, we hope this will identify and inspire the next generation of Forex enthusiasts,” Gary Thomson asserts, the Chief Operating Officer of FXOpen UK.

Anyone interested can sign up now or read more about Forex Trading Championship rules and philosophy here.

FXOpen Company News

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How to start Forex trading?

Whether a currency is increasing or declining in value, there is always a way for you to make money in Forex

Consider a national currency as a security, like stocks, commodities or precious metals. The recipe for success is to buy it at the cheapest price and then sell at a higher price. Or the other way round – sell at a higher price and then buy cheaper. Whether a currency is increasing or declining in value, there is always a way for you to make money in Forex! Knowing the right time to buy or sell will do the trick. This is where market analytics, indicators, signals and automated trading systems come in handy.

Let's consider an example:
Currencies are traded in pairs. For example – Euro against US Dollar (EUR/USD) or British Pound against Japanese Yen (GBP/JPY). A Forex transaction involves buying one currency and selling the other currency at the same time.The exchange rate reflects the value of one currency against the another currency, For example, the quote USD/CHF 0,93160/0,93170 shows, how many Swiss Francs you need to pay to buy or sell 1 US Dollar. Currency exchange rates are always fluctuating depending on the time of the day, the country's central bank rate, government policy, market sentiment and many other reasons.

Let's assume the market forecast the Euro is going to appreciate against US Dollar (bullish trend for EUR/USD). You decide to buy Euros with USD (buy order on EUR/USD). After some time you decide to sell the Euro at a higher price (close the open EUR/USD position). Your profit is the difference between the opening and the closing prices.

How much money do you need to start trading Forex?
In order to attract traders, many forex brokers, including FXOpen, offer to start trading without a starting deposit. You can start trading with us without money from $10, which are credited to you as a welcome bonus to a newly opened active STP account after passing the verification.

Learn the basics of currency trading
Remember that Forex trading involves high risk. There are limitless opportunities to make profit and your potential gain is very high. However,the risk of loss is high as well. If you make an independent and informed choice to become a Forex trader, you should always follow the basic risk management rules. It's not an easy task but it's very important whether you trade with a few hundred dollars or operate millions.

Taking a good Forex education course may be the best investment you'd ever make in your trading career. Take your time to study the basics of trading and practice it in a demo account before you start trading with real money. Always be sure to follow the rule - never trade with money that you cannot afford to lose.

[URL="https://www.fxopen.com/en/how-to-start-trading-forex?utm_source=topgoldforum&utm_campaign=forum&utm_campaign=how_to_start_trading_forex
_vm"]Sign up with FXOpen;[/URL]

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10 Best Forex Trading App in 2021

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The foreign exchange market is fast-moving, ever-changing and highly competitive. It’s the world’s largest market with a turnover of over $5 trillion per day. A trading platform is a core instrument that lets investors and traders open, manage and close market positions. Nowadays, it’s easier to get access to real-time updates on Forex anytime and anywhere thanks to the increased availability of mobile Forex trading apps. Their major strengths are high efficiency, low-performance requirements, and ease of use.

Read Full on FXOpen Company Blog...

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Trading hours schedule on February 12th and February 15th

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Dear Traders,
Please note that due to the celebration of Lunar New Year's Day in Hong Kong on Friday, February 12th, 2021 and US President's Day on Monday, February 15th, trading hours for some financial instruments will be changed as follows:

Thursday, February 11th, 2021

  • Indices CFD:
    • Hong Kong 50 (#HSI) – trading starts at 03:15 and ends at 06:00.

    All other financial instruments will be traded as usual.

Friday, February 12th, 2021

  • Indices CFD:
    • Hong Kong 50 (#HSI) – trading closed.

    All other financial instruments will be traded as usual.

Monday, February 15th, 2021

  • Spot commodities CFD:
    • Gold (XAUUSD) – trading ends at 20:00;
    • Silver (XAGUSD) – trading ends at 20:00;
    • US Crude (XTIUSD) – trading ends at 19:45;
    • US Natural Gas (XNGUSD) – trading ends at 19:45.
  •   Indices CFD:
    • Japan 225 (#J225) – trading starts at 23:00 on Sunday and ends at 18:00 on Monday;
    • US SPX 500 (#SPXm) – 23:00 Sun – 18:00 Mon;
    • US Tech 100 (#NDXm) – 23:00 Sun – 18:00 Mon;
    • Wall Street 30 (#WS30m) – 23:00 Sun – 18:00 Mon.
  • Stock CFD – trading closed.
    All other financial instruments will be traded as usual.

Please consider these changes when planning your trading activities next week.

FXOpen Company News

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