Currently Trading Broker. – General Forex Questions & Help

On 3/20/2017 at 6:32 PM, uncle gober said:

Importantly, we will be very helpful to be able to run the trading activity of our best when we can choose the right broker that provides what we need well. I myself choose trade with Tickmill.

for the selection of a broker should be able to do well, to be able and capable of making the way our work better and understand that financial and security can be assured that what we are doing fruitful results, use a broker us to be able to make the ability and effort we are getting the maximum , justforex broker, broker FBS ocrafx is that we can make good use

Trend Following Strategies. – General Forex Questions & Help

There are various types of trading strategies in Forex market according to the year 2020. The common strategies that are mostly used are – scalping trading, hedging and EA trading. From among trading strategies my favorite is scalping so I do select TP Global FX, the established STP broker who allow all kinds of trading strategies including – scalping, hedging and robot trading with providing low trading spread starts from 0.01 pips, instant execution and smart bridge of technology.
 

If you made investment mistake. – General Forex Questions & Help

If you make your investment wrong, you can face a great loss. So, when you go to trade in this market, you need to be very careful. Most of the traders lose their money by taking the wrong decisions at the wrong time. Most of the traders invest their money without any knowledge in this market. 

I am also a trader. I always try to invest my money in the safest way. My broker Forex4you helps me a lot to make the right decisions at the right time. They are very helpful. They always provide me all kinds of facilities to make profit from this market.

You might be confused. – General Forex Questions & Help

You might be confused at the beginning but it is not difficult if you treat it seriously. In this section, you will find out who are the market players, what main concepts are there that should be remembered and taken into consideration, how to calculate profit/loss and much more. But I did not face any difficulties because I got the right broker for me which is TenkoFX. They will clear everything to you which is true in forex trading. I am making good profits and enjoying my trades.

How do I choose a currency pair for Forex trading? – General Forex Questions & Help

Here are some steps that you can take to choose the best currency pairs to trade in forex:

1- Open charts of at least seven currency pairs

This could be your morning coffee time read. Before getting distracted by the news and the noise from the media, it is always best to take an unbiased look at the charts to see how the markets are doing. Which pairs are under pressure? Are any of them consolidating? Which pairs are moving up? Is there a specific currency that is behaving the same against most other currencies? This initial, unbiased interaction with the currency pairs on the forex dance floor is important because it will help you prepare for the next step of choosing the best currency pairs to trade in forex.

2- Skim through the latest market news:

Now that you have your heart set on a few currencies, you can quickly listen to the latest global news on your local news media, to see if there are any unusual market updates. This can include a Chinese stock market drop, a (lack of) interest rates hike, or a Swiss Franc jawboning). Reading the news will help you discover the latest market sentiment and the risk-off/ risk-on situation of the best currency pairs to trade in forex. We would typically want to avoid currency pairs that are facing huge volatility risk because even though one could argue you can find trading opportunities in volatile markets, I would argue chances are the market chaos and lack of a solid direction would kick you in the butt with unexpected surprises. Always better to be safe than sorry when it comes to investing your hard-earned cash!

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3- Check out Invest Diva’s blog for the latest forex trading strategies

Now that you have the breaking news on hand, you can turn to our blog for the longer term, solid trading strategies on select currency pairs. If you find the currency pairs you had your eyes on, great! Read on and find out if these are the best currency pairs to trade in forex right now.

You should also determine if these pairs are suitable for your portfolio at this time. It is important to note that we don’t publish forex trading strategies for every currency pair, every day. The reasons include our goal to cut down on market noise, as well as avoiding to mislead forex traders to trade more than they should. We have noticed that traders with larger risk appetite tend to jump on any trading signal we publish, whether it is suitable for their portfolio or not. So, in order to promote responsible trading, we have limited our trading signals to only 3 per week. Anything more than that needs a thorough consultation with your truly, to analyze your current account, open positions, available margin, investment portfolio, and more.

Proper Educational Facilitates – General Forex Questions & Help

If you want to become successful in the forex market, you need to be perfect on your strategy and planning. Wrong strategy can put you in danger. To make a profitable strategy, you need to have knowledge about forex market. Education is the main key to success in this platform. If you want to get all kind of education about forex you can open a demo account.

I also opened a demo account in Forex4you when i was starting trading. This demo helps me to understand all the tools and techniques about forex easily and practically. It also helps me to know all the basics of the forex market.

Dollar Eases Marginally As Forex Auction Gains Confidence – General Forex Questions & Help

The Zimbabwe dollar eased slightly by 3.2 percent to $65.80 to US$1 in the third weekly auction run by the Reserve Bank of Zimbabwe (RBZ) yesterday with most bids moving into a tighter range and private businesses now expressing far more confidence in the new system.

The ruling rate, which is a weighted average of auction deals, has drifted from $57.36 in the first week, to $63.74 last week and now to $65.80, with the downward drift slowing as the market, designed to match export earnings to import demand through pure market forces, become more established and gains the confidence of both buyers and sellers.

The number of applications submitted yesterday dropped to 264 against 316 received for the second weekly auction but was still well above the just over 90 in the first auction.

The total of bids fell from roughly US$18 million to US$15.8 million while the successful bids went down to US$13.6 million from about US$16 million last week.

Part of this was the rejection of 92 bids, partly for duplicate bidding but also because some bidders simply do not offer enough to make the list.

Companies are allowed just one bid at each auction, with all bids from operating units and subsidiaries being consolidated.

This measure was put in place to reduce the risk of speculative bidding. But under bidders now also risk rejection.

The lowest bid in yesterday’s auction was $30, but all bids below $55 missed the cut as the RBZ enforces the rule that bids are allocated in order from the top-down, once any bids that do not fulfill bidding rules are eliminated.

This means that those who bid in very low ranges are highly unlikely to be allocated anything.

The top bid is also falling as bidders continue to move closer to what markets suggest is likely to be the average rate.

Yesterday’s top bid was $90, down from the $92 last week and $100 in the first auction. Successful bidders have to pay what they offer, and yesterday’s top bidder paid almost 37 percent above the average.

The insistence on making all successful bidders pay exactly what they offer, while at the same time eliminating those whose bids are too low to make the list for allocation from the available currency on offer, are both designed to push bidders into making realistic bids based on economic fundamentals.

Yesterday the most successful bids were between $60 and $70 as more bidders read the markets and study fundamentals such as the balance of payments, local currency money supply, and government budgeting.

They then try and calculate the price that will ensure their bid is successful, in a market built around supply and demand, but without paying too far above the average.

Authorities have indicated that they expect the new market-determined exchange rate to guide pricing by businesses as new stocks with the foreign currency component paid from auction allocations reach the shelves.

Many producers and retailers were using the black-market rates in the last few months following a freeze in the official rate in a desperate attempt to calculate replacement values, but that market is small compared to the official market, is easy to manipulate, and can fluctuate wildly.

As the auction system moves increasingly into the desired equilibrium between export earnings and import demand, producers and retailers should be able to make far better predictions over what pricing levels will keep both viabilities and make products more affordable to their customers.

The desired pricing process has been jump-started with bread prices, which now track the auction-rate following an RBZ decision to allocate currency from its own reserves to flour millers at this ruling auction rate to import wheat.

A total of US$13.6 million was allocated to various industries and sectors of the economy through the auction system yesterday, which was opened to the media for the first time as well as observers from the major organizations representing business sectors.

Once again raw materials and similar imports, such as spare parts and chemicals, required by producers dominated the allocations.

The openness is part of the RBZ program to boost confidence that the auctions are open and transparent and are not being manipulated.

Business groups confirm that the confidence in the auction system is growing.

Confederation of Zimbabwe Industry chief executive officer Ms. Sekai Kuvarika said there was positive feedback from CZI members that have been submitting bids. CZI groups industrialists, and especially the leading industrial concerns, and probably represents the majority of successful bidders.

“In my view, there is a steady increase in demand for the forex in the auction. Between the auction sessions, you can see the market is responding to this opportunity to procure forex formally,” Ms. Kuvarika said.

Contrary to what has been circulating on social media, CZI said bidders were receiving their allotments between 24 and 48 hours after the auction.

“What we have received as feedback is that for all companies that were awarded their bids, their money has been paid and that brings confidence that they get their bids approved as well as early transfers of the money to their accounts.

“You can see an incremental increase in that the demand is increasing which may mean that the confidence is also increasing,” said Ms. Kuvarika.

Top economist and member of the RBZ Monetary Policy Committee Professor Ashok Chakravarti said circumstances surrounding the current auction are different from the 2004 setup and therefore must not be judged based on that past failure.

“I think we need to understand that the situation in 2004 and today is fundamentally different. In 2004 the RBZ tried to fix the rate but now that is not the case as we have a clear policy which is anchored on free adjudication,” Prof Chakravarti said.

In 2004, Zimbabwe had no control over the national budget deficit and accelerating money supply, which increased pressure on the foreign exchange resource, a situation he said is now quite different.

The RBZ reiterated its commitment to ensuring the auction dynamics continue to be determined by forces of supply and demand.

Central Bank Governor Dr. John Mangundya said the auction is a process of price discovery. “There is no bias because we are allotting at their own price (what bidders offer). We are using the Dutch auction system. Everyone who is buying foreign currency is suggesting their own price,” Dr. Mangundya said.

RBZ invited foreign currency holders — exporters and NGOs —to join the auction and add to the foreign currency supply.

Credit: TopAsiaFX

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$435 Million Lost to Scams in Australia in 2019 – Forex News & Analysis

The Australian Competition and Consumer commission publishes data every year about how much have Australians lost to scams and they finally published the data for last year.  According to that data, Australian citizens have lost a whopping $435.2 million (AUD $624 million) to scams.

The data was gathered by several different organizations – Scamwatch, ANZ, Commonwealth Bank, NAB, Westpac and others.

The losses for 2019 are 34% more than the losses in 2018, which were AUD $489 million. That said, last year there were 5% fewer scam reports than they were in 2018. Out of the $634 million Australians lost a shocking $126 million to investment scams alone, which is a 59% increase compared to investment scam losses for 2018, unfortunately.

Source

I cannot imagine how bad the report for 2020 will be, considering the already existing upward trend and the pandemic this year, which will undoubtedly make this worse.

Are You Happy In Forex Market Business? – General Forex Questions & Help

The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney. Forex trading can be done by anyone, as long as there is a desire and ability to analyze market movement, high risk offers a great opportunity to be able to make money. Today, many people join for this business, because we can get started with a little minimum deposit.

success in business is the hope of all forex traders. traders who have discipline and maximum trading capacity will greatly help the development of their careers in the forex business. wether use their own money or manage investor’s fund. my current brokers keep improving their service, Tickmill has a duty to provide services to retail traders in Armada Markets before. Armada Markets it self will focus mainly on providing liquidity and services to banks, brokers and hedge funds.i’m sure they will continue providing first-class trading services.

Exness – my.exness.com – exness.com – Forex Brokers

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Hello Everyone I am not ADMIN/OWNER of THE PROJECT


Exness Broker has already gained wide popularity in many country due to its instant withdrawal process.Below is the detailed information about Exness Broker.

 

  • Broker: Exness
  • Country: Newzeland
  • Payent methode: Wire transfer, Credit card, Skrill or Moneybookers, Payweb, Neteller, Perfect Money, Webmoney, Ukash, CashU and Internal transfer
  • Minimum Deposit: 2.00$
  • Minimum trade size: 0.01Lots
  • Leverage: 1:50 to 1: 2000
  • Spread: EURUSD – minimum 0.4 (variable spread) and 0 spread on ECN account
  • Regulation: FDR, CySEC
  •  

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Broker: Exness      

Advantages:

 


Q:How do I open an account at Exness? 

First go to the main site of Exness from here. Now look at the top right side there is a Registration link, click on it. Or go directly to the Register page from the link below.

 


Now you see there are four types of accounts, select the account of your choice from there. Remember that if you want to deposit less than 50, it is better for you to open a Cent account. No deposit bonus is given in cent account. And if you want to trade with more than 50 deposits, you can open a mini account. Money account deposit bonus is available. First 10% then a little bit 10% bonus will come. The more profitable you trade, the more bonuses you will get.

Click Open Cent Account or Open Mini Account. Then give the information accurately. Click Next. Then create the passwords. You can do it as you like. Or you can do it automatically by clicking Generate. Then select the bonus. Select Bonus Prof it Ladder Bonus Program. Now verify and remove. The code will come on mobile and email. Put the code at 2 o’clock. The diameter became double verify. Now verify two more with a copy of your National ID Card. Now you can deposit. Every new account holder will get a free signal their our site.

You can take our live support or telegram for any cooperation.

Telegram: @KingTrader911

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