There are a number of different phenomena in forex trading. One of those is known as a breakout. According to Investopedia, a breakout is basically a security’s price movement through a known level of resistance that is typically followed by an increased amount of volatility and heavy volume. Or in other words, it is when the currency pair’s price goes outside of its known resistance or support level with an increased volume.
Forex Trading Explained
With so many binary options systems out there finding a reliable one that actually produces results can be quite a challenge. Everyone makes claims about their software being the best option there is and, naturally, they all want you to believe they have the solution you are after. In the sea of questionable offers, OptionRobot binary system stands out as a solution you can actually trust.
Founded in 2012, IQ Option binary options broker has been steadily taking new customers and extending their current overwhelmingly content customer base. The company is based in Seychelles and operates in Europe under Iqoption Europe Ltd. Its business dealings in Europe are regulated by the Cyprus Securities and Exchange Commission (CySEC).
Over the last few years, bitcoins have gained lots of traction. At first, early adopters of bitcoins were mostly impressed by the technology it brings in and the whole philosophy about having a currency that does not belong to any government. Media has quickly picked up on this cryptocurrency and the whole bitcoin hype has started. Lots of companies have started developing products that are associated with BTCs, every news portal had been publishing BTC-related news pieces nearly on a daily basis, and even some companies tried to bring in bitcoin technology into their own ecosystems. This has resulted in...
All across the world, financial regulators made a crackdown that led to plenty of individual trades and also banks being punished with enormous fines. 2014 was definitely a year with extreme fine amounts. The Financial Conduct Authority imposed fines of total amount $1,107,253,930.25 against 39 companies. All those millions On 12 November 2014 fines of total amount $1.7 billion were imposed to five banks, as a result of them failing to control business practices in their foreign exchange trading operations. UBS ($371 million), HSBC ($343 million), JPMorgan ($352 million), Citibank ($358 million) and RBS ($344 million) were penalized by the...
Will the prohibition of Forex Promotions in Europe affect you? Ups and downs of the new European move in the financial industry. New bonus practices are announced by the supranational regulator of Europe. The use of all of the Forex promotions will be suspended. The suspension applies to all the risky and suspicious promotions that encourage the clients to trade more or take bigger risks. NOT sharing is caring? Bonuses are one of the effective marketing tools used by forex brokers. The amount and conditions can be different and they depend on the broker who use this kind of ‘reward’....
Scalping in Forex trading can be quite time-consuming, but it is still a very rewarding approach to trade currencies. Basically, this technique requires at least some experience of trading FX and the ability to analyze the market. Scalpers usually hunt for small profits using high leverage. On top of that, they enter the market and quit several times a day. EUR/USD pair is a popular choice for scalping strategies. In this article, we would like to present one of the simplest ways to scalp EUR/USD.
Wall Street Cloner is a relatively new service being marketed to those who might be in the market for a Forex robot EA but it is not a robot in itself. Instead it is one of a new crop of “live signal” services that also call themselves trader copier services. In other words your trades are based on the advice, or signals from, human Forex traders rather than based upon the strategies of an AI robot. But is Wall Street Cloner really a better option than a decently performing Forex robot?
If you’re looking for a new Forex broker there are several ways to choose one. The best way is to read Forex brokers reviews, which will tell you key information about each broker at a glance. All it takes is for you to do a little homework before you plunk down your hard earned cash. We’re going to show you that choosing your Forex broker is actually quite simple. Follow these 5 tips and you’ll be successfully trading Forex online in no time at all.