Advertise your business on TGF.
TopAsiaFX- So with the intention to pick a regulated broker wisely here is a brief listing of characteristics you must look for.
-law: The maximum important thing to check earlier than choosing a broker is how and if their company are regulated. If the broking's company is placed within the U.S, it needs to be regulated via The National Futures Association (NFA). It must also be registered as a Futures commission service provider (FCM) with the Commodity Futures buying and selling fee (CFTC). this is a completely easy verification. you may just test a dealer's NFA club status and any disciplinary actions by visiting the NFA professional website.
-expert internet site: "display me a enterprise's website and i'm able to let you know who they're". The manner the website portrays the enterprise can without a doubt provide you with a clean image of who you're managing. manifestly, that is a subjective count number, but there are some very simple questions you may ask. Does it crash a lot? Is it clean to navigate? Is it professional looking? these are all questions you want to ask while gaining knowledge of about any agency, however it turns into a whole lot more critical when you are approximately to make investments your money inside the corporation handy.
-aggressive Spreads: that is a completely important factor to observe before signing with a dealer. What spread are they imparting? just to present a totally fundamental explanation, currencies are traded in pairs. The distinction between the selling and the shopping for fee is known as a spread. a good indicator is that the unfold must be no larger than 5 pips for the predominant currencies. The Majors encompass: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD and USD/CAD.
-customer service: that is a greater vital characteristic in forex than it's miles in other industries. similarly to the disappointment resulting from lack of customer support, this could result in major losses in actual cash. If as an instance, your broker does not reply to your calls or emails in a timely manner, when you request to open or near a position primarily based on the market, it'd take too long and result in losses for your cease. before signing up with a specific broker, take a look at out their customer service by emailing, calling, or talking to their online consultant. in case you do not get the response you anticipated, assume two times before establishing an account with that profitable broker.
-short reaction Time: this is linked to the customer service however it is going past. despite the fact that the customer support is for your satisfaction, it's miles essential to verify that once making a request to open or close a function, your request is fulfilled with a minimum put off. The handiest way to verify this is by way of starting a demo account with the dealer, something you should do besides to improve your buying and selling talents. This is not a perfect method as very frequently, the rate of the demo account is in reality distinct than the real account, however it's miles the quality way to check given the equipment you're supplied.
-reasonable Leverage: Leverage in preferred is what gives the foreign exchange marketplace a strong enchantment to retail buyers. but, the risks of trading with high leverage are just as exceptional as the perks. most critical brokers provide leverage ratios starting at one hundred:1 and going all of the manner up to 400:1. The more the leverage, the more the danger for the dealer. If a dealer offers a leverage that appears too excessive to you, this might be an awesome indication of the destiny of that dealer, or lack thereof.
-forestall Loss safety: that is a feature that permits you to make sure that your losses do no longer exceed a sure amount. most brokers provide this feature, however it is nevertheless crucial to verify along with your dealer earlier than signing.
-competitive Platform technology: this is one of the most simple and crucial verifications you want to make before choosing a broker. The buying and selling platform is wherein it's miles all going to move down. If their platform isn't always easy to navigate and person-friendly, their customer service may be the high-quality in the world, and you may nevertheless fail as a trader. like all interface you operate for your existence, the platform need to have an interface that enables you to satisfy your goals with a minimal variety of steps.
On Wednesday the 5th of September, trading on the euro closed up. Market volatility was high during both the European and US sessions. At the beginning of the European session, the single currency live currency rates dropped against the dollar from 1.1608 to 1.1543. In the US session, the euro bulls pushed the session high up from 1.1608 to 1.1640.
The greenback came under pressure from a rising pound, which occurred on the back of a Bloomberg report that the UK and Germany have decided to give up certain demands, which should make it easier for the sides to reach a deal. This unexpected piece of news fits in with my market expectations, although I haven’t accounted for volatility.
Day’s news (GMT+3):
09:00 Germany: factory orders (Jul).
15:15 US: ADP employment change (Aug).
15:30 Canada: building permits (Jul).
15:30 US: nonfarm productivity (Q2), unit labour costs (Q2), initial jobless claims (31 Aug).
15:45 Eurozone: ECB's Lautenschläger Speech.
16:45 US: Markit services PMI (Aug).
17:00 US: ISM non-manufacturing PMI (Aug), factory orders (Jul).
17:30 US: EIA crude oil stocks change (31 Aug), FOMC member Williams speech.
Fig 1. EURUSD hourly chart.
Now let’s look at the hourly chart. While the pair has deviated from my weekly projection, I haven’t removed it from the chart because the rate has now returned to its projected level on the hourly cycles. I’ve double-checked the cycles and nothing has changed. The pair just strayed from the weekly projection for a bit.
Given yesterday’s pricing model, I’m prepared to entertain the possibility of a double top formation, although the general technical picture suggests a jump to the 67th degree. 1.1605 will act as a support today. The market has been swinging for the last few days, so don’t expect volatility to subside and be ready to see some full retracements of previous movements. I don’t really have any trading ideas to apply to my forecast. I think that today, everyone will be preparing for tomorrow’s nonfarm payrolls report.
On Monday the 13th of August, trading on the euro closed slightly up. Markets took a breather after a sharp drop which started on Friday due to increased tensions between The US and Turkey as well as the fact that Trump ordered the doubling of tariffs on Turkish metal.
The Turkish crisis first started affecting developing markets and has gone on from there to impact the developed world. The US dollar and Japanese yen have been the safe haven assets of choice. The EURUSD pair dropped to 1.1365. In Monday’s European session, the EURUSD rate rose to 1.1433.
Day’s news (GMT+3):
09:00 Germany: GDP (Q2), CPI (Jul). 09:45 France: CPI (Jul). 10:15 Switzerland: producer and import prices (Jul). 11:30 UK: claimant count change (Jul), ILO unemployment rate (Jun), average earnings (Jun). 12:00 Eurozone: GDP (Q2), industrial production (Jun), ZEW survey – economic sentiment (Aug). 12:00 Germany: ZEW survey – economic sentiment (Aug). 15:30 US: import price index (Jul). 23:30 US: API weekly crude oil stock.
Fig 1. EURUSD hourly chart. Source: TradingView.
Since the USDTRY pair is consolidating at around 6.90 USD, the EURUSD pair recovered from the 225thdegree to 1.1433 as part of a correction. The rate returned to the LB balance line (sma 55). While the market is currently in equilibrium, prices may deviate from this line. The lira isn’t getting any stronger, so the correction could come to an end as the European session gets underway. Stay alert.
Trading on the dollar is mixed in today’s Asian session. The euro crosses are in negative territory. Considering that an important support has been broken on the weekly timeframe, after a pullback, the first target levels for sellers will be 1.1380 (45 degrees) and 1.1351 (67 degrees).
At 12:00, Eurozone GDP and industrial production figures will be released. At the same time, a ZEW survey on economic sentiment for both Germany and the Eurozone will be published. These are important indicators, so expect a surge in volatility around this time on all pairs involving the euro. If volatility does rise, this should last for about 30 – 40 minutes.
WHO WE ARE
Atirox is a Forex broker company specializing in providing reliable and competitive services on the Foreign Exchange Market to clients worldwide. Team of experts of the company consists of professionals with the long-term experience and successful project implementation.
Being a Pure ECN/STP Forex Brokerage allows us to bring the best pricing and liquidity to our clients. As a result we can be considered a discount Forex brokerage because we are bringing you very competitive spreads and lowest commissions in the industry, ensuring greater profitability of your trading.
Established in 2015, Atirox brings into Forex trading, the world’s largest, the most dynamic and popular market, sound brokerage experience and cutting-edge trading technology. Customers from all over the world successfully use services of the Company. Atirox is well represented in Asia, CIS countries, in the Middle and Far East as well as on the African continent. [continue to detail..]
Follow this thread and get a daily analysis