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FXOpen Trader

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FXOpen Trader last won the day on January 15

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  1. Important Week for Global Policy Rates The week ahead of us is critical for the currency market. On Wednesday, we have the inauguration day in the United States, as Joe Biden will officially become the new President. The Biden’s administration economic agenda is based on three pillars – fiscal stimulus, infrastructure spending, bringing back the Obamacare program – and the markets will closely monitor the developments in these three areas. One day later, FX traders have the first major central bank meeting of the year, as the European Central Bank (ECB) announces its decision this
  2. GBP/USD and GBP/JPY: British Pound Could Correct Lower GBP/USD gained strength above 1.3600, but it struggled to continue higher above 1.3700. GBP/JPY also corrected lower after forming a short-term top near 142.25. Important Takeaways for GBP/USD and GBP/JPY The British Pound tested the 1.3700 resistance zone before correcting lower. There was a break below an ascending channel with support near 1.3638 on the hourly chart of GBP/USD. GBP/JPY also corrected lower from 142.25 and declined below 141.50. There was a break below a major bullish trend line with support near 141.
  3. We must understand that if we want to have some control over our trading then we have to first learn how to control the emotions.
  4. We must understand that in trading we have to limit our losses so in the starting a small amount of Deposit is Good.
  5. We have to remember that if we will make use of a trading strategy that has already been tested then we would be able to get profits easily from it.
  6. I would like to say that Bonus do not help in your trading or in a draw-down, they just act as a bait for more risky trading.
  7. We have to first of all understand that Forex trading is very hard as we have to learn about the market trends before doing any trades.
  8. Changes in cryptocurrency CFD trading schedule on January 17 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
  9. Gold Price Prepares for Next Move, Oil Price Holds Strong Gold price started a fresh decline and settled below $1,880. Conversely, crude oil price gained bullish momentum and it traded to a new multi-month high close to $54.00. Important Takeaways for Gold and Oil Gold price started a fresh decline below the $1,900 and $1,880 support levels against the US Dollar. There is a key contracting triangle forming with resistance near $1,855 on the hourly chart of gold. Crude oil price surged above the $50.00 resistance and it even climbed towards $54.00. There was a break above a
  10. FXOpen Launches Traders Tools Extension for Google Chrome Dear traders, FXOpen prides itself on providing you with the best Forex trading tools directly from your browser! Install the FXOpen Traders Tools extension for Google Chrome and use it to help shape your trading strategies. Read Full on FXOpen Company News...
  11. TOP PAMM Accounts of 2020: Overview 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
  12. EUR/USD Could Start Fresh Increase, USD/CHF Shows Bearish Signs EUR/USD remained well bid above 1.2120 and it is currently rising. USD/CHF is declining and it might continue to move down towards the 0.8820 support zone. Important Takeaways for EUR/USD and USD/CHF The Euro declined heavily from 1.2350, but it found support near 1.2130 against the US Dollar. There was a break above a major bearish trend line with resistance near 1.2200 on the hourly chart of EUR/USD. USD/CHF formed a short-term top near 0.8920 and recently corrected lower. There was a break below a key bullis
  13. BTC and XRP – Has the correction ended? BTC/USD From yesterday’s low at $30,340 the price of Bitcoin has increased by 20.71% as it came to $36,743 at its highest point today. Since then it has made a minor retracement and is currently sitting at around $35,340 and is in a downward trajectory. Looking at the hourly chart, you can see that the price increase that ended on Friday was the ending wave from the higher degree count. This is why now we are seeing the development of the five-wave descending move. As it might have ended the price would now be expected to recover but
  14. Results of the "Money Managers" Forex Contest Announced "Money Managers", a Forex contest with real PAMM accounts, ended on December 31st, 2020. Read Full on FXOpen Company News...
  15. The USD Reverses Course as the NFP Misses Expectations Last week brought some troubling events in the United States, as protesters took the Capital by assault. Lives were lost, and the nation faces an identity crisis. Shortly after the order was restored, President Trump recognized President-elect Biden’s victory and ensured people that there would be a peaceful transition of power on the 20th of the month when the new administration takes charge. But it was too little too late. In the meantime, Twitter suspended the President’s account, and America is on a race to identify e
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