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What is Moving Average Convergence Divergence?

One of the most often used technical analysis indicators is moving average convergence divergence.  It’s a trend-following momentum indicator, which means it looks at the momentum of an asset to see whether it’s trending up or down. It may be used to generate trade signals and discover trading opportunities. The Moving Average Convergence Divergence indicator is shown in a separate window beneath the chart. It has the appearance of a histogram with an auxiliary line. 

The divergence of two moving averages is depicted in the histogram. The histogram bars increase longer as one travels away from the other; the bars get shorter as the moving averages get closer. Rapid movements will show up as long bars in the MACD histogram, whereas flat will show up as short bars. The default values for the indicator are 12,26,9. However, it’s worth noting that many traders confuse the indicator’s two lines with simple moving averages. 

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Remember that the lines are exponential moving averages, which will react more strongly to recent price movement than a standard moving average (SMA). Thus, the MACD lines are represented as 12-period EMA and 26-period EMA. 

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XRPUSD - Murrey analysis

The XRPUSD pair continues to trade within a long-term downtrend. However, in early June, the quotes formed a sideways range of 0.293–0.366, which they still cannot leave. Last week, the cryptocurrency again tested its upper limit but failed to break through higher and began to decline. At present, the price of the asset has consolidated below 0.3418, supported by the middle line of Bollinger bands, which gives the prospect of further decline to 0.2930. In case of a repeated breakout of 0.3418, the price will return to the area of 0.3662. In general, movement is predicted within the formed sideways range since there are no serious drivers for a trend change in the market.

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Technical indicators show opposite signals, confirming the uncertainty of the market: Bollinger bands are directed upwards, Stochastic reversed downwards, and the MACD histogram is near the zero line. Its volumes are insignificant.

Resistance levels: 0.3418, 0.366, 0.39 | Support levels: 0.3174, 0.293
 

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Solid ECN - Account Types

Solid ECN gives multiple account types on the MetaTrader 5 trading platform to help individuals and corporate customers to exchange Forex and Derivatives online.

All Retail, associates, and White-Label clients have the possibility to access various spreads and liquidity via state-of-the-art automatic trading platforms. Solid ECN grants an exceptional type of account options that clients can choose to experience a tailored trading experience that perfectly fills their needs.

United with excellent trading conditions and lightning-fast execution, Solid ECN provides all the tools and aids required for clients of any level to accomplish their trading goals.

Whether you’re a casual trader or experienced investor, Solid ECN offers an extensive range of account options. Through our true ECN accounts, we’re able to deliver spreads from 0 pips and millisecond execution against best bid / ask prices—all with world-class customer service.

 

 

Min Deposit

Max Leverage

Min Spread

Fee

Micro

$5

1:1000

2 pips

No

Standard

$10

1:1000

0.3 pips

No

Swap Free

$10

1:1000

0.3 pips

No

ECN

$10

1:1000

0

$3

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Solid ECN Trading Products

A professional method to secure assets reasonably is diversified trading. Trading on limited numbers of instruments was never suggested by the market leaders and hedge funders. They always spread their investments among commodities, indices, and or currencies. Diversity is one of the many keys to having success in the trading world. 

At Solid ECN, clients have access to trade the world with high leverage whilst the spread is tightened at its minimum. You can create your dealing basket to enjoy the product diversity with Solid ECN. We strive to offer our customers the most popular and trending products, and we made a live and long list of trading instruments. 

As of writing the list contains 250 products including:

  • Forex (Major | Crosses | Minor)
  • Precious Metals (Gold | Silver | Palladium | Platinum)
  • Energy (Brent | WTI)
  • Indices (spot)
  • Nasdaq
  • EPA (Adidas | British American Tobacco | BMW | Airbus and more …)
  • Cryptocurrencies (Cardano | Algorand | BNB | Dogecoin | Ripple and more …)

 

Trust Pilot Score 4.9

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Payment Methods

Solid ECN Securities added more than 50 cryptocurrencies to its payment system. Our clients at Solid ECN can manage their account funding by a wide range of cryptos, from bitcoin to Zilliqa, all are available in the Solid-Dashboard > Account funding.

Solid ECN took this step to offer cost-effective payment methods for its customers. The blockchain transfer fee of the major cryptocurrencies have been increasing, therefore, retails are interested in trying the alternatives. 

With Solid ECN, any trader can take advantage of +50 crypto payments. 

  • It is secured;
  • It is undisclosed;
  • it is decentralized.

Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of market transparency mean price manipulation is not possible.

Trust Pilot Score 4.9
 

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$50 No Deposit Bonus

Solid ECN offers its clients multiple trading benefits to stay at Solid ECN, starting with a $50 Trading Bonus. In other words, we give you $50 worth of credit (non-withdrawable) just for opening your first Real Account, allowing you to test our products and services by starting to trade with no initial deposit.

Who Can Claim it?

This promotion is available to all traders opening a Solid ECN Real Account for the first time. This promotion is not available for the citizens of Indonesia, Russia, Uzbekistan, Tajikistan, Egypt, Iraq, Pakistan, Syria, Afghanistan, and Palestine.

There is a 5-day limit from the date of opening your account in which time you must claim the bonus before it is rendered unavailable.

How to Get the Trading Bonus?

  • To claim the Bonus, you need to follow a few simple steps:
  • Open a Real Account
  • Log in to the Members Area using your credentials.
  • Provide the relevant identification documents to validate your account (ID - Address - Valid cell phone number)
  • Click the Create No Deposit Account button to Claim your Bonus
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Last week, the BTCUSD pair had ambiguous dynamics.

First, the price fell to the 22200 area due to fears of a sharp increase in interest rates and the "hawkish" rhetoric from US Federal Reserve officials, as inflation in the country reached a record level of 9.1%. The regulator's decision was restrained, the interest rate was raised only by 75 basis points, and the head of the department, Jerome Powell, acknowledged the possibility of a further slowdown in its growth, which provoked a positive trend in "digital gold." The following data on the US gross domestic product (GDP) decline in the second quarter by 0.9%, which means the beginning of a technical recession in the US economy, contributed to an even greater decline in the dollar and the strengthening of alternative assets. Investors have again turned to cryptocurrencies as shelter assets, fearing worsening economic problems, which has caused enthusiasm among members of the digital community. Thus, the CEO of the Binance exchange, Changpeng Zhao, said in an interview with CNBC that the current increase in inflation, along with the decline in the world's leading economies, could lead to further popularization of digital assets. The businessman also considers holding the important mark of 20000 by the price as a positive moment, from which the beginning of a new growth cycle is possible.

However, the current situation does not yet mean a reversal of the long-term downtrend since the US Federal Reserve, despite the likely slowdown in monetary policy tightening, will not completely abandon it, and the final quarterly US GDP data may turn out to be better than the preliminary ones, which will once again force investors to buy the dollar.

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The price corrected downwards from the area of 24600, but for a serious decline, it needs to consolidate below the middle line of Bollinger bands around 22400. In this case, the quotes will be able to drop to 20000 (bottom line of Bollinger bands) and 18750. Otherwise, growth will resume to 25000 and 28125. Technical indicators suggest that the short-term uptrend will continue, as Bollinger bands are directed upwards, the MACD histogram is increasing in the positive zone, while Stochastic is leaving the overbought zone, but so far, the downside potential is seen as limited.

Resistance levels: 25000, 28125, 31250 | Support levels: 22400, 20000, 18750

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Top Growth Stocks for August 2022
 
These are the stocks with the highest year-over-year (YOY) EPS growth for the most recent quarter. Rising earnings show that a company’s business is growing and generating more money that it can reinvest or return to shareholders. Companies with a quarterly EPS of more than 2,500% were excluded as outliers.
 
Top Growth Stocks by EPS Growth
 
Price ($)
Market Cap ($B)
EPS Growth (%)
Cleveland-Cliffs Inc. (CLF)
16.48
8.6
2,040
Ashland Global Holdings Inc. (ASH)
103.18
5.6
1,940
Marathon Oil Corp. (MRO)
22.05
15.6
1,380

 

Cleveland-Cliffs Inc: Cleveland-Cliffs is a major North American flat-rolled steel producer and supplier of iron ore pellets. The company also supplies stainless steel tubing and other products.

Ashland Global Holdings Inc: Ashland Global Holdings makes specialty materials for customers in markets including energy, automotive, construction, food and architectural coating. Ashland's Q2 FY 2022 ended March 31, 2022 and the company released an earnings report for the quarter on April 26. For that period, net income grew more than 19-fold as sales climbed more modestly year-over-year (YOY). Performance was driven by double-digit sales growth across each of Ashland's reportable segments.

Marathon Oil Corp: Marathon Oil is an independent energy company focused on the exploration and production of oil and gas. The company's operations are primarily located in Texas, North Dakota, Oklahoma, New Mexico, and Equatorial Guinea. On June 10, the company paid a quarterly dividend of 8 cents per share of common stock, constituting an increase of 15% over the previous base dividend.

 


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Trust Pilot Score 4.9

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ETHUSD - The decline may continue

This week, the ETHUSD pair is correcting downwards, losing the positions won last week, against the background of a possible slowdown in the pace of monetary policy tightening in the USA and the expectation of an early transition of the Ethereum network to the PoS proof algorithm.

Experts note that there is "fatigue" in the market from the constant news about the approaching merger of the Ethereum 1.0 and Ethereum 2.0 networks. Most investors have already put money in the purchase of ETH and are now waiting for an immediate update, which is scheduled for mid-September. Up to this point, observers do not rule out the continuation of the pair's decline or its consolidation.

In addition, the overall pressure on the market is exerted by monetary factors. Despite the possibility of reducing the pace of interest rate hikes, which was mentioned last week by the head of the US Fed Jerome Powell, the regulator will not give up tightening monetary policy to combat inflation and will spend it for a considerable time, strengthening the position of the US currency in relation to competitors.  

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The price has corrected to the area of 1570, but for further serious decline it will need to consolidate below the strong support level of 1500 (the middle line of the Bollinger Bands, Fibo retracement 23.6%). In this case, the reduction targets will be 1375 and 1250. The key for the "bulls" remains the level of 1750, the breakout of which will give the prospect of resuming growth to the levels of 1875 (, Fibo retracement 38.2%), 2000, and 2125. 

Resistance levels: 1750, 1875, 2000, 2125 | Support levels: 1500, 1375, 1250

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What Is a Margin Call?
A margin call occurs when the value of an investor’s margin account falls below the broker’s required amount. An investor’s margin account contains securities bought with borrowed money (typically a combination of the investor’s own money and money borrowed from the investor’s broker). A margin call refers specifically to a broker’s demand that an investor deposit additional money or securities into the account so that it is brought up to the minimum value, known as the maintenance margin.

A margin call is usually an indicator that one or more of the securities held in the margin account has decreased in value. When a margin call occurs, the investor must choose to either deposit additional funds or marginable securities in the account or sell some of the assets held in their account.

  • A margin call occurs when a margin account runs low on funds, usually because of a losing trade.
  • Margin calls are demands for additional capital or securities to bring a margin account up to the minimum maintenance margin.
  • Since short sales can only be made in margin accounts, margin calls can also occur when a stock goes up in price and losses start mounting in accounts that have sold the stock short.
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What Is Netting?
Netting entails offsetting the value of multiple positions or payments due to be exchanged between two or more parties. It can be used to determine which party is owed remuneration in a multiparty agreement. Netting is a general concept that has a number of more specific uses, including in the financial markets.

Netting offsets the value of multiple positions or payments due to be exchanged between two or more parties.
Netting is used in a number of settings and instances—securities or currency trading, bankruptcy, and inter-company transactions, among others.
Netting can involve more than two parties, called multilateral netting, and generally involves a central exchange or clearinghouse.

How Netting Works
Netting is a method of reducing risks in financial contracts by combining or aggregating multiple financial obligations to arrive at a net obligation amount. Netting is used to reduce settlement, credit, and other financial risks between two or more parties. 

Netting is often used in trading, where an investor can offset a position in one security or currency with another position either in the same security or a different one. The goal of netting is to offset losses in one position with gains in another. For example, if an investor is short 40 shares of a security and long 100 shares of the same security, the position is net long 60 shares.
 

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ADAUSD - The transfer of the Vasil fork is the reason for the downward correction

Pressure on the ADA price, in addition to the long-term factor of the US Fed rate hike, is exerted by a new transfer of a key Cardano network update called Vasil. According to Charles Hoskinson, it should lead to a significant increase in network performance by launching the pipeline data processing function, expand the use of smart contracts and optimize processes for the needs of the growing volume of DeFi market applications. Initially, the fork was scheduled for June, then for the end of July and now for the middle of August. Kevin Hammond, a leading employee of Input Output Global (IOG), which is responsible for the modernization of Cardano, said that several more weeks of testing will be required to launch Vasil so that all network participants, including developers, cryptocurrency exchanges and ordinary users, can update it. Another postponement of an important update disappointed users, pushing prices down, but the pair as a whole retains long-term positive prospects. The imminent expansion of the Cardano blockchain continues to attract new projects. As Hoskinson recently noted, currently more than 100 of them are in a state of transition from the Ethereum blockchain to the Cardano network.

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Currently, the price has approached the support zone of 0.495 - 0.4882, a breakdown of which will give the prospect of a decline to 0.4394 - 0.4170. The key level for the "bulls" remains 0.5371, the breakout of which may lead to an increase in prices to the area of 0.5859 - 0.61. 

Resistance levels: 0.5371, 0.5859, 0.61 | Support levels: 0.4882, 0.4395, 0.417
 

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ASK (OFFER) PRICE

The price at which the market is prepared to sell a product. Prices are quoted two-way as Bid/Ask. The Ask price is also known as the Offer. In FX trading, the Ask represents the price at which a trader can buy the base currency, shown to the left in a currency pair. For example, in the quote USDCHF 1.4527/32, the base currency is USD, and the Ask price is 1.4532, meaning you can buy one US dollar for 1.4532 Swiss francs.

In CFD trading, the Ask also represents the price at which a trader can buy the product. For example, in the quote for UK OIL 111.13/111.16, the product quoted is UK OIL and the Ask price is £111.16 for one unit of the underlying market.

Trust Pilot Score 4.9
 

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