FXOpen Trader

Start by Doing Whats Necessary Confidence is the Key to Success Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

We can start learning about the Forex market trends and how it will work using the Demo Trading accounts of the FXOpen

I am doing my Forex Trading with the International Broker FXOpen They have Low Spreads in Gold and Forex Pairs with USD.

We will need to make more Efforts so that the income we are getting can be easily increased by us.

I have been doing my Forex Trading from the last 10 Years with FXOpen Markets and they have very secure and fast Trading MT4 Terminal

If we are looking at a trading system we must be able to understand the system fully.

We will need to start making some Efforts so that the income can be easily started for us.

We will need to start making some Efforts so that the income can be started.

Euro Finds Buyers Ahead of the ECB Meeting A new trading week has just started, and the name of the game in the FX market is the JPY weakness. Since the Bank of Japan said in March that it would buy unlimited amounts of JGBs, the JPY pairs have gone through the roof. Perhaps the most impressive rally is the one observed in the EUR/JPY cross. After initially dropping to 124 when the Russia-Ukraine war started, the cross reversed course dramatically and now trades close to 137, having gone up by almost 1,300 pips higher in about a month. But the EUR/JPY cross is not the only EUR pair that has found support at lower levels. Even the EUR/USD has, despite the fact that the Federal Reserve of the US is already raising rates, while the ECB does not plan to do so anytime soon. EUR/USD Still Bearish While Below the Pivotal Level EUR/USD has been selling aggressively this year. First, there was the increased divergence between the Federal Reserve and the ECB. As traders saw the Fed become more vocal regarding the new tightening cycle, the ECB is only moderately hawkish. Secondly, the war in Ukraine triggered a selloff as investors preferred not to take any risk and avoid the common currency. As such, the EUR/USD dropped below 1.12, a pivotal level for the pair. In other words, despite a possible double bottom pattern, the EUR/USD remains bearish while below 1.12. A close above 1.12, however, would turn the bias bullish as investors would try for the measured move seen at 1.16. ECB Meeting Looms Large On Thursday, the ECB presents its monetary policy for the period ahead. The central bank faces a difficult task. On the one hand, inflation runs way above the ECB’s tolerance level. As such, the central bank has issued some hawkish statements, and the market now anticipates that the deposit rate will be lifted from the current level this year. On the other hand, the war in Ukraine calls for caution in tightening the monetary policy. Inflation is triggered by the supply side, and hiking rates will not help. Instead, hiking rates might trigger an economic recession. All in all, this week, we will find out more about the ECB’s plans. One thing is sure – the common currency is being bought on every move lower so far. FXOpen Blog

Either you run the day, or the day runs you How to manage your Time? Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

GBP/USD Dives While GBP/JPY Aims More Upsides GBP/USD started another decline from well above the 1.3120 level. GBP/JPY is rising and might gain pace above the 162.75 resistance zone Important Takeaways for GBP/USD and GBP/JPY The British Pound started a fresh decline after it failed near 1.3150 against the US Dollar. There is a key bearish trend line forming with resistance near 1.3030 on the hourly chart of GBP/USD. GBP/JPY started a fresh increase after it cleared the 160.00 resistance zone. There is a major bullish trend line forming with support near 161.75 on the hourly chart. GBP/USD Technical Analysis This past week, the British Pound attempted a recovery wave above the 1.3120 level against the US Dollar. However, the GBP/USD pair failed to gain strength for a move above the 1.3150 resistance. As a result, the pair reacted to the downside and traded below the 1.3100 level. There was a clear move below the 1.3050 support and the 50 hourly simple moving average. It even spiked below 1.3000 and traded as low as 1.2982 on FXOpen. GBP/USD Hourly Chart It is currently attempting an upside correction above 1.3000. There was a move above the 23.6% Fib retracement level of the recent decline from the 1.3106 swing high to 1.2982 low. However, the pair is facing a major resistance near the 1.3040 and 1.3050 levels. There is also a key bearish trend line forming with resistance near 1.3030 on the hourly chart of GBP/USD. The 50% Fib retracement level of the recent decline from the 1.3106 swing high to 1.2982 low is also above the trend line. The next major hurdle is near 1.3080, above which the pair could rise towards 1.3150 in the near term. If not, the pair might continue to decline below 1.3000. The next major support is near the 1.2950 level. If there is a break below the 1.2950 support, the pair could test the 1.2880 support. Read Full on FXOpen Company Blog...

We can start learning about the Forex market trends and how it will work using the Demo Trading accounts of the FXOpen

We will need to do our trades with the help of ECN Trading accounts.

I am doing my Forex Trading with the International Forex Broker FXOpen Markets and they have Fast Deposits and Withdrawals

With the help of the Swing trading systems we can start making more Profits from our trades.

We all tend to make some or the other mistakes in our trades and we have to correct them.

I am doing my Forex Trading with the International Broker FXOpen They have Low Spreads in Gold and Forex Pairs with USD.

I am doing my Forex Trading with the International Forex Broker FXOpen Markets and they have Fast Deposits and Withdrawals

I can say for sure that in the Forex trading business the main importance is of the Practical Knowledge.

We will need to understand about the Chart patterns so that the income we are going to get can be increased.

When we are doing our trades on a longer period of time then the income we will get will also get increased.

We will need to gain some trading based experiences and skills so that the profits we are going to get will also get increased.

We will need to understand the Effects of doing our trades on a short term basis into the markets.

We will need to develop some sort of control in doing our trades into the markets.

Easter 2022: Changes to Trading Hours Dear Traders! Please note that for Easter holidays, trading hours for some financial instruments will be changed as follows (all times are GMT+3): Thursday, April 14 Indices: Australia 200 (#AUS200): till 17:00; Europe 50 (#ESX50): till 23:00; France 40 (#FCHI): till 23:00; Germany 30 (#GDAXIm): till 23:00; Hong Kong 50 (#HSI): till 22:00; UK 100 (#UK100): till 23:00. Friday, April 15 Metals: XAUUSD: trading closed; XAGUSD: trading closed. Indices: Australia 200 (#AUS200): trading closed; Europe 50 (#ESX50): trading closed; France 40 (#FCHI): trading closed; Germany 30 (#GDAXIm): trading closed; Hong Kong 50 (#HSI): trading closed; UK 100 (#UK100): trading closed; Japan 225 (#J225): trading closed; US SPX 500 mini (#SPXm): trading closed; US Tech 100 mini (#NDXm): trading closed; Wall Street 30 mini (#WS30m): trading closed. All other financial instruments will be traded without changes. Please consider these changes when planning your trading activities. FXOpen Company News