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The Future of Forex Trading

If you don't know, algorithmic trading is the use of special apps for trading orders. Actually, with the algorithm apps, complex calculations involving price, quantity and timing of the order is carried out. And the great thing about these programs is that they work automatically, and you don't have to operate them manually. Let's know more about this system.

The logic

The apps involved in this trading system work both on short-term and long-term basis. They allow you to make profit in 24 hours as well. What logical system works behind them? Actually, the function of the programs is to detect price differences and then help you earn profit from the price differences. The decisions of a human are influenced by emotions, but the same can't be said about computer programs.

High Frequency Trading

Basically, HFT refers to the trading system where the focus is on the execution speed. An HFT system is so powerful that it can process and execute an order in a jiffy, usually in a fraction of a second. That's the reason these systems can be seen in a number of institutions.

The purpose of the system is to benefit from the price differences and earn a lot of profit. The orders should be executed quickly with high volume. This is to help the system make a fast liquidation of the trade. Typically, all of the trades are closed within a few minutes or hours.

Future of trading

According to experienced traders, investors have been striving to get ahead of the competition, but they have not got the success yet. The reason is that computers are made to respond, not to think. In other words, a simple system can work a lot better compared to a complex algorithm.

Some not-so-good strategies

Robot trading is another term used for algorithmic trading. It's not as interesting as it was before because of the number of systems used by the public. These systems have fake records.

Another type of ridiculous trading is known as high frequency trading that gives more importance to orders done in a fraction of a second (usually, a nano second) in order to stay on top and make a lot of profit in a short period of time.

Trying to beat the market using a power computer is not a new trading strategy. In the same way, high frequency Forex trading is the most recent hype. It also is being used for beating the market. However, users of these systems are losing money.

The winning strategy

In Forex trading, if you want to get success and make money, we suggest that you use algorithmic trading or the classic methods of trading. For this, you need to learn the basics and you will be able to avoid the loss and make profit instead.

So, if you have been looking for a good trading strategy, we suggest that you try out the latest methods of trading, such as algorithmic trading. Hopefully, these systems will help you make a lot of profit from your trade.

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Established Strategies You Can Use In Forex Trading

Both down market and up market patterns are visible, but one is more dominant. You should aim to select the trades based on the trends.

Adjust your position each time you open up a new trade, based on the charts you're studying. Traders often open in the same position and spend more than they should or not a sufficient amount. Vary your position depending on the trades above you if you want to be profitable in the market.

Some currency pairs have what is called an inverse relationship with another currency pair. What this means is that when one pair is trending upwards, the other trends downward (and vice-versa). The classic example is that of the EUR/USD vs. the USD/CHF. This comes about because the Swiss economy is closely tied with the rest of the European economy. Additionally, there is the common factor of the US dollar in both pairs.

If you are just starting out in Forex and you are still hesitant about investing your own money, sign up for a demo account with a broker that will enable you to try out your Forex investment skills. Demo accounts allow you to trade with virtual money. It is a great way for you to practice without risking any real money.

You should try Forex trading without the pressure of real money. By practicing live trading under real market conditions, you can get a feel for the Forex market without using actual currency. You can also get some excellent trading advice through online tutorials. Gather as much information as you can, and practice a lot of trading with your demo account, before you move on to trading with money.

It may seem like it is you against the world sometimes when it comes to dealing with Forex trading. With the vast amount of information available online, it can be nearly overwhelming at first. This article will provide much helpful information for you to get started on the right path.

Begin as a Forex trader by setting attainable goals and sticking with those goals. Establishing goals, and deadlines for meeting those goals, is extremely important when you're trading in Forex. Keep in mind that the timetable you create should have room for error. If this is your first-time trading, you will probably make mistakes. Additionally, calculate a realistic amount of time that you can spend trading, and make sure to factor in time spent researching.

You should pay attention to the larger time frames above the one-hour chart. Technology can even allow you to track Forex down to 15-minute intervals. The thing is that fluctuations occur all the time and it's sometimes random luck what happens. You do not need stress in your life, stay with long cycles.

Be sure that you always open up in a different position based on the market. There are Forex traders who always open using the same position. They often end up committing more cash than they intended and don't have enough money. Learn to adjust your trading accordingly for any chance of success.

Learning about the currency pair you choose is important. It can take a long time to learn different pairs, so don't hold up your trading education by waiting until you learn every single pair. It's better to pick a pair in which you are interested, do your research, and understand how volatile the pair is. Follow and news reports and take a look at forecasting for your currency pair.

As a beginner in Forex, you will need to determine what time frames you will prefer trading in. To make plans for getting in and out of trades quickly, rely on the 15-minute and hourly charts to plan your entry and exit points. A scalper, for example, might refer to the five- and ten-minute charts to complete trades within a matter of minutes.

Utilize resources at hand, such as exchange market signals, to facilitate purchases or sell-outs. Forex Robots Software allows you to set alerts that sound once the market reaches a certain rate. Figure out your exit and entry points ahead of time to avoid losing time to decision-making.

Many traders make careless decisions when they start making money based upon greed and excitement. Consequently, not having enough confidence can also cause you to lose money. Work hard to maintain control of your emotions and only act once you have all of the facts - never act based on your feelings.

If you are new to the trading market, you should begin your account with a small initial deposit. This minimizes your losses if you were to lose your money. Instead of depositing more money, you should try to make gains through the money that you initially invested, and then place the money into further investments.

Be sure that your account has a Stop-loss in place. Stop-losses are like free insurance for your trading. If you do not set up any type of Stop-loss order, and there happens to be a large move that was not expected, you can wind up losing quite a bit of money. Your capital can be preserved with Stop-loss orders.

Forex Robots PRO!

Learn the trading essentials with our Forex Education Services. Whether you are new to online trading or you simply wish to refresh your knowledge.

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Dollar, pound tread water; Aussie bolstered by jobs report

The dollar nursed losses on Thursday amid gathering doubts about a mooted Sino-U.S. trade deal, while the volatile pound was on edge as Britain and the European Union scrambled to secure a last-minute Brexit deal.

As the greenback steadied on most major currencies, the biggest gainer was the Australian dollar, which jumped 0.4% from the session’s low after jobs data showed buoyant hiring, lowering chances of monetary easing in November.

Sterling edged lower to $1.2818 after swinging about a five-month high overnight, knocked around by a series of mixed headlines on the likelihood of progress at an EU leaders summit in Brussels later on Thursday.

It has surged some 5% since last week as negotiations stepped up.

“I think we’re all grateful that we might be coming to some sort of an end to the recent saga,” said Nick Twidale, director of Sydney-based trade finance provider Xchainge.

“Anything that isn’t a hard Brexit is going to be positive for the sterling,” he said, adding a deal or something close to one could push the pound to $1.3500 or above.

Failure could push it below $1.2200, Commonwealth Bank of Australia (CBA) analyst Richard Grace said in a note.

The U.S. dollar, which had dropped on Wednesday as U.S. retail sales fell for the first time in seven months, hung near its overnight lows as earlier optimism about an announced “phase 1” of a trade deal with China ebbed in the absence of details.

U.S. and Chinese trade negotiators are working on nailing down text for the first phase of the trade deal for their presidents to sign next month.

“Even if a deal is signed, it remains uncertain if the obligations can be fully met on both sides,” strategists at Singapore’s DBS Bank said in a note.

The dollar drifted lower against the euro to $1.1076 and was steady against the Japanese yen at 108.75. Against a basket of currencies it hit a month low of 97.898 overnight and was steady around that level on Thursday.

The Aussie jumped to $0.6785 after figures showed joblessness unexpectedly contracting a bit last month, taking some pressure off the central bank to further reduce interest rates in November.

“This is just what the doctor ordered,” said CommSec Chief Economist Craig James.

“There is no reason for the Reserve Bank to cut rates again in November – giving the central bank more time to gauge the effectiveness of early rate reductions.”

Lingering worries about trade tensions between the United States and China kept a lid on gains for trade-exposed currencies, though.

The New Zealand dollar rose marginally to sit at $0.6294, not far from a four-year low hit two weeks ago.

China’s yuan weakened slightly to 7.0975 per dollar, while the safe-haven Swiss franc rose almost 0.2% to 0.9934 per dollar. (Reporting by Tom Westbrook; Editing by Sam Holmes)

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Dollar nurses losses; pound's fate tied to EU summit

The dollar found support on Thursday having weakened on lackluster U.S. retail data, while the volatile pound was on edge as Britain and the European Union scrambled to secure a last-minute Brexit deal.

Sterling swung about a five-month high overnight, knocked around by a series of mixed headlines on the likelihood of progress at an EU leaders summit in Brussels later on Thursday.

It has surged some 5% since last week as negotiations stepped up, and sat in early Asian hours at $1.2816 per pound. The dollar was steady against most major currencies.

"I think we're all grateful that we might be coming to some sort of an end to the recent saga," said Nick Twidale, director of Sydney-based trade finance provider Xchainge.

"Anything that isn't a hard Brexit is going to be positive for the sterling," he said, adding a deal or something close to one could push the pound to $1.3500 or above.

Failure could drop it below $1.2200, Commonwealth Bank of Australia analyst Richard Grace said in a note.

Against the euro the pound also stood just under a five-month high at 0.8638 per euro.

The U.S. dollar had dropped on Wednesday as U.S. retail sales fell for the first time in seven months, painting a gloomy picture of the economy and making a case for rate cuts.

It was a touch weaker against the euro at $1.1074 and the Japanese yen at 108.69, but slightly stronger against the Australian and New Zealand dollars. Against a basket of currencies the dollar hit a month low of 97.898 overnight and was steady around that level on Thursday.

The Aussie weakened a fraction to $0.6755 after a senior Reserve Bank of Australia official said a national property downturn had proven a larger-than-expected drag on the economy.

However traders are focused on employment data due at 0030 GMT for the next read on the health of the labor market and the likely outlook for monetary policy.

"If the unemployment rate rises sooner than we expect ... this increases the risk that the RBA cuts the cash rate in November," said National Australia Bank's head of FX strategy, Ray Attril, who anticipates unemployment keeping steady.

Lingering worries about trade tensions between the United States and China have also kept investors' risk appetite in check, weighing on the Aussie and other trade-exposed currencies.

Reports of a partial trade deal between the world's two largest economies last week initially cheered markets, but a lack of details on the agreement has since curbed enthusiasm.

The New Zealand dollar drifted lower, following dovish comments from a top central banker on Wednesday, and sits at $0.6290, not far from a four-year low hit two weeks ago.

China's yuan, which fell on Wednesday as new U.S. legislation backing pro-democracy protests in Hong Kong threatened to widen the rift between Beijing and Washington, weakened a little further.

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FOREX-Dollar near four-week lows as trade tensions simmer

The dollar held near a four-week low on Wednesday as trade tension between Washington and Beijing continued to weigh on the global growth outlook.

The dollar’s losses were most pronounced against the Japanese yen, which had reached a two-and-a-half-month low amid concern the trade war between China and the United States will weigh on risk appetite.

“The retreat in USD/JPY is obviously a function of the markets being a little nervous vis-à-vis any Chinese retaliation to the measures passed (in the U.S.),” said Jeremy Stretch, head of G10 foreign exchange strategy at CIBC Capital Markets.

The yuan fell after Beijing criticised new U.S. legislation backing pro-democracy protests in Hong Kong.

Reports of a “Phase 1” trade deal between the United States and China last week initially cheered markets. Lack of details on the agreement has since curbed any enthusiasm. “Markets are still cautiously optimistic that any unwind of the trade negotiations is not going to be a material one,” he added.

Escalating trade tariffs from China and the United States over the past year have forced central banks to cut interest rates as global growth expectations weaken.

On Tuesday, the International Monetary Fund said it expected the global economy to grow 3.0% in 2019, its slowest pace since the 2008-09 financial crisis.

“The cost of taking this dispute to its next stage of escalation has exponentially increased,” Morgan Stanley strategists said in a daily note, although they added the United States and China might adopt a more nuanced approach to the trade dispute in the coming days.

Elsewhere, the Norwegian crown weakened to its lowest since July 2001 at 9.1925 per dollar and its weakest against the euro since December 2008.

Norway is a major exporter of oil, making it particularly sensitive to economic tensions. The central bank has said this week it expects to keep interest rates on hold.

Trade-oriented currencies such as the Australian dollar and the New Zealand dollar also weakened. The kiwi dollar last traded down -0.5% at 0.6261.

Against an index of six other currencies, the dollar was weaker at 98.27 and just above an intraday low of 98.16 reached in Asian trading, its lowest in nearly four weeks. (Reporting by Elizabeth Howcroft; additional reporting by Stanley White in Tokyo, Saikat Chatterjee; editing by Larry King)

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Be a Better Forex Trader: Olymp Trade Will Help

The Olymp Trade platform provides clients all the tools, analysis and access traders need to make good market decisions. But perhaps the best part is that they show their clients how to use those tools to be profitable.

Many online brokers will tell you successful their clients are and how much money you can or will make trading on their platform, but one broker actually develops their clients into great traders. Olymp Trade is investing in their clients’ success and it is setting them apart from the pack.

Getting your money to work for you is always a challenge. Forex trading has emerged as a great option for many people to grow their investments regardless of how much money they have to work with.

Of course, with a huge demand for trading, many different brokers have emerged to help handle the waves of new investors. Unfortunately, most of these new traders will not fare well in the Forex market and lose much or all of their investment. Most brokers could care less.

There is another company out there that has taken a decidedly different approach to their clients - Olymp Trade. The broker has been around for 5 years and continues to grow globally and there is one important thing that sets them apart. Olymp Trade invests in their clients’ success.

The Olymp Trade educational and training resources aren’t easily duplicated. They have allocated a ton of company resources in creating a wide variety of learning vehicles for their clients and all with one goal in mind - If their clients are successful traders, then Olymp Trade will be a successful broker.

Before we get into the details of Olymp Trade’s trader development programs, let’s look at all the other features the platform offers. Whether you’re a small investor like many out there or have a more substantial stake to invest, Olymp Trade provides everything you need to make trading profitable.

Olymp Trade Features

Variety of Assets to Trade

Olymp Trade has a state of the art platform that sports everything traders need to be successful and at no additional cost to their clients. Charts, analytical tools, and a variety of market options make their platform as good as any out there. Their platform features include:

Commodities such as Gold and Silver

Currency Pairs like the Euro versus the U.S. Dollar

Exchange Traded Funds (ETF) like U.S. Real Estate and the Brazilian MSCI

Multipliers

Olymp Trade’s innovative multiplier system allows traders to leverage up to 500 times their invested amount, but without the typical leverage risk as Olymp Trade never loans money to their clients like other brokers. Olymp Trade clients only risk their invested amount.

For example: Two investors enter the same position with $100 in a currency pair like USD/JPY (U.S. Dollars vs Japanese Yen). Investor #1 doesn’t uses another broker and doesn’t use leverage, but Investor #2 uses Olymp Trade and their multiplier, which is 500 times the invested amount on this currency pair.  Both investors see an improvement in their position of 5%. In this case Investor #1 will make $5, which is a good short term return. However, Investor #2 will make $2500 because of the 500 times multiplier from Olymp Trade.

No Transaction Fees on Deposits and Withdrawals

For new investors, one of the most frustrating things about investing is giving over much of your money to brokers in the form of various fees and commissions. If you’re a small investor, this is particularly problematic because the fees are usually flat so they affect small investors more than large investors.

Olymp Trade has no fees on deposits OR withdrawals from your account. That means you get to trade 100% of what you put into your account and you get to keep 100% of your profits when you withdraw them. This seems logical enough for most of us, but many brokers charge their clients in both directions while they take commissions off their clients’ trades.

Deposit and withdrawal times a very fast and you can use a variety of funding and withdrawal methods including bank cards, Fasapay, Skrill, and others. You can even deposit and withdraw in Bitcoin.

Building Successful Traders One Client at a Time

We’ve reached the best part of Olymp Trade - Their dedication to developing their clients as profitable traders. Few companies can boast about their commitment to the development of their clients and even fewer brokers can make this claim.

Educational resources and support services are a cornerstone for Olymp Trade in their business model. The list of available tools and learning resources is astounding. Whether you’re a new trader or a veteran, Olymp Trade has created systems to support you in your development.

Analytical Tools and Charts

The Olymp Trade platform features all the tools and charts that professional traders use everyday and what some 3rd party company charge thousands of dollars to purchase. Olymp Trade clients get access to these for free.

Even better is that they show their clients how to use these tools effectively to make better trading decisions. They have an extensive series of webinars hosted by professional traders and financial analysts that demonstrate techniques and take questions from the online audience.

Additionally, they have created hundreds of  tutorial videos that can be accessed on their popular YouTube channel and they have a team of analysts and professionals that maintain daily and weekly blog posts all centered on helping their clients succeed. 

Perhaps the greatest single tool is that clients can contact a professional trader or analyst in real time to ask questions on the Olymp Trade platform. What most brokers reserve for only their largest clients, Olymp Trade has made available to ALL their clients for free regardless of the size of their portfolio.

$10,000 USD to Practice Trading with a Free Demo Account

After taking the time to increase your market and financial knowledge, you can take advantage of $10,000 USD in virtual money on your Olymp Trade Demo Account to practice what you’ve learned.

Utilize the Demo Account to test out strategies you want to try before you risk your own money. Put what you’ve learned to the test and build up your virtual funds. It will provide encouragement for when you start trading for real and it will help you avoid some mistakes you might have made otherwise.

Using your Demo Account, you’ll be able to hone your skills and then transfer that ability to your live trades so you have more success. If you lose the money in your Demo Account, you can replenish it at any time for free.

A Marathon Begins with One Step

New traders have very little to lose with Olymp Trade. You can open your account with as little as $10 and take advantage of all the resources without losing anything. Once you start your journey, you’ll be developing your skills quickly and will be able to apply them to meeting your own financial goals, but you need to take that first step.

Remember, if you continue to do what you’ve always done, you’ll continue to get what you always got. Olymp Trade is there to help you get more of what you want.

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Peer-to-peer forex services aim to bypass Wall St banks

Some of the biggest institutional investors in the foreign exchange markets are aiming to cut out Wall Street banks from their trades, saying that by linking up directly they could save hundreds of millions of dollars in charges.

Two separate groups of investors are backing platforms designed to net off currency trades between them, rather than doing deals with banks as intermediaries. Vanguard, which has more than $5tn in assets under management, is backing a members-only swap trading facility known as FX HedgePool, which will soon go live, according to its chief executive Jay Moore.

In Europe, meanwhile, a group of 11 big investors are homing in on FX spot trading. A study recently carried out by that group suggests that they could match more than one-quarter of their trades, saving them as much as $100 per million dollars traded across the most liquid currency pairs. Savings in emerging market currencies, where margins for the banks are higher, were nearly double.

“These results show that it is possible to net a significant portion of trades ahead of going to market,” said Claude Goulet, chief executive of the London-based platform Siege FX.

The imminent launches of Siege and HedgePool come as big banks’ trading operations remain under pressure on a variety of fronts, as regulatory changes and competition from smaller, nimbler start-ups squeeze businesses that once comprised the bulk of their revenues. At Goldman Sachs, for example, revenues from trading fixed income, currencies and commodities (FICC) came to $4.7bn over the first nine months of the year, down 7 per cent from the same period a year ago, with the bank singling out a lower haul from currencies.

A decade ago Goldman earned $6bn of FICC net revenues in the third quarter alone.

Other start-ups have in the past tried to develop peer-to-peer FX services but have struggled for traction. One of the key challenges has been the assumption that investors’ bets would be too similar to make it possible to find offsetting trades for significant amounts of currency, which boosts the argument that banks are vital for the process.

Participants in such projects have also been wary of upsetting relationships with the big banks. While Siege or HedgePool could, in theory, wrestle away a chunk of the $6.6tn-a-day FX market from banks and brokers, both initiatives need some support from banks to provide credit and settlement services.

“I don’t want to fall out with my relationship banks too much . . . but the potential for cutting trading costs is compelling,” said one institutional investor at a private event in London this month.

Andrew Maack, Vanguard’s global head of FX trading, has become the first member of HedgePool’s member advisory council, which will shape the platform’s direction. Standard Chartered, the UK-headquartered bank, will provide credit for trading among the members.

“In our opinion, for the foreseeable future, banks will remain central to any viable solution related to trading FX forwards and swaps. However, with the advancement of technology, their role will most surely evolve,” Mr Moore of HedgePool told the Financial Times.

Carolyn Wegemann, a spokesperson for Vanguard, said the company “is currently piloting a project focused on improving the efficiency and reducing the risk of FX hedging”.

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TrustedBrokerz: The Source More Traders Are Trusting

It is harder than ever to find a reliable brokerage when trading FX, contracts-for-difference (CFDs), or cryptocurrencies. Despite these challenges, TrustedBrokerz has emerged as a reliable option for educating experienced and would-be traders with the best brokerage options available.

TrustedBrokerz’s comprehensive database is specifically designed to help provide traders with both accurate and valuable information they need to trade forex, CFDs and cryptos with transparency and confidence.

London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now

What TrustedBrokerz Can Do for You

The site is known for its detailed and unbiased broker reviews, trading software feedback, trading tips, and other insights for traders.

Such an extensive pool of information on one website across multiple asset classes is neither common nor easy to manage, however TrustedBrokerz has succeeded in providing a helpful forum.

TrustedBrokerz is composed of four different segments, including the following:

Forex Brokers

Bitcoin Brokers

Trading Review Software

Broker Reviews

In one of the most comprehensive databases on one site, TrustedBrokerz provides first-hand testimony and reviews from several trusted and reputable sources.

This sophistication is on full display across individual submitted reviews from multiple sources, collectively framing the positives and negatives of individual brokers.

Subsequently, TrustedBrokerz assigns ratings to each broker, complete with pros and cons analysis, useful trading facts, experience tests, and scam assessment.

For newer and experienced traders, this information is invaluable when choosing broking options, given the potential for abuse that exists in the industry.

Helpful Resources for Traders

Beyond brokerage analysis and reviews, TrustedBrokerz also provides an in-depth tutorial and tips for actually trading assets. This includes detailed explanations and techniques for trading Forex, Bitcoin, and the broader crypto market.

Trading education is at a premium, given so many traders lose money in their endeavors each year. Many regulators have increasingly pointed to a lack of proper education as the primary culprit for trading losses.

TrustedBrokerz seems to recognize this fact, which underscores its commitment to trading awareness and education. The site is built on pillars of transparency and integrity, which also seek to lay bare traps and mistakes traders can avoid.

With such a wide range of resources available for free at your fingertips, TrustedBrokerz should be at the top of the list for newer traders. Individuals wanting to learn more about the site can access the following link to explore the best techniques and brokers to trade with.

Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates. 

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Dollar up for a 2nd day as U.S-China trade deal optimism fades

The dollar gained for a second consecutive day on Tuesday as fading optimism over the latest China-U.S. trade truce prompted traders to buy the greenback after a selloff last week.

The greenback had come under selling pressure recently as the combination of some tepid U.S. data and hopes of a breakthrough in a protracted trade conflict between Washington and Beijing prompted funds to unwind some of their extreme dollar long bets.

“After the recent flushout of dollar long bets, currency investors have reassessed the short-term outlook and have come to the view that there is not going to be much of a movement on the trade issue,” said Stephen Gallo, European Head of FX Strategy at BMO.

Reports of a “Phase 1” trade deal between the United States and China last week had earlier cheered markets but the dearth of details around the agreement has since curbed this enthusiasm with oil prices extending declines, Chinese stocks weaker and the safe-haven yen holding gains versus dollar.

Against a broad basket of its rivals, the dollar strengthened for a second day and was up 0.1% to 98.55 and around 1% away from a near 2-1/2 year high of 99.67 hit earlier this month.

While the dollar was over-valued on a trade-weighted basis, analysts at ING argued the greenback’s valuation was not stretched in a historical context and suggested there was still scope for further dollar gains should the global trade outlook worsen.

Fading hopes over a trade deal also pulled the Chinese currency lower.

China’s yuan slipped in offshore markets, a day after reaching a one-month high. The offshore yuan traded at 7.0787 against the dollar, off Monday’s high of 7.0503.

Though a monthly survey showed the mood among German investors worsened less in October than expectations, the euro failed to get much of a boost from the data with the single currency down 0.2% at $1.1007.

Elsewhere, sterling trimmed some of its earlier gains as officials raced towards putting a Brexit deal in place by the end of Tuesday.

Britain’s latest proposals on the terms of its departure from the European Union are still not enough for an agreement and a legal text is needed by the end of Tuesday for a deal to be agreed at a leaders’ summit this week, three diplomatic sources said.

The pound was up 0.3% at $1.2646, trimming some of its gains after being up nearly 0.7% in early London trading

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AUD/USD Forex Technical Analysis – Weakens Under .6783, Strengthens Over .6785

The Australian Dollar is trading lower on Monday after posting a solid gain on Friday in response to the announcement of a partial trade deal between the United States and China. Data from China, Australia’s biggest trading partner, brought grim news with its September exports falling 3.2 percent from a year ago, while imports dropped 8.5 percent. Economists had expected exports to fall by 3 percent and imports to decline by 5.2 percent.

At 06:38 GMT, the AUD/USD settled at .6776, down 0.0017 or -0.26%.

Daily Technical Analysis

The main trend is up according to the daily swing chart. The trend turned up on Friday when buyers took out the previous main top at .6774.

Buyers also took out .6775, which was the highest level it reached after the Reserve Bank of Australia cut its benchmark interest rate on October 1.

The main trend will change to down on a trade through .6710.

The short-term range is .6895 to .6671. Its retracement zone at .6783 to .6809 provided resistance on Friday when the rally stopped slightly above the upper or Fibonacci level at .6811.

Daily Technical Forecast

Based on the early price action and the current price at .6776, the direction of the AUD/USD the rest of the session on Monday is likely to be determined by trader reaction to the resistance cluster at .6783 to .6785.

Bearish Scenario

A sustained move under .6783 will indicate the presence of sellers. If this move creates enough downside momentum then look for the selling to possibly extend into the nearest uptrending Gann angle at .6751. Since the main trend is up, buyers could come in on the first test of this angle.

If .6751 fails as support then look for the selling to possibly extend into the support cluster at .6711 to .6710.

Bullish Scenario

A sustained move over .6785 will signal the presence of buyers. The first upside target is a resistance cluster formed by the short-term Fibonacci level at .6809 and last week’s high at .6811.

Overtaking .6811 will indicate the buying is getting stronger. This could trigger an acceleration into an uptrending Gann angle at .6831 and a downtrending Gann angle at .6840.

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Investment Opportunities in the Forex Market

If you are an investor, there are a lot of opportunities for you out there. The foreign exchange market is one of the most lucrative investment opportunities that you can avail. It is also known as FX or Forex. As a matter of fact, it's one of the biggest financial markets where $4 trillion of value is traded on a daily basis.

Actually, this market is robust and consists of retail investors, investment firms, hedge funds, banks, commercial companies, and central banks. This market lets anyone buy, sell and make speculations on different foreign currencies. Read on to know more.

Investment

You can investment in this business in many ways. However, before you go ahead, we suggest that you explore and look for the best investment opportunities based on our targets and investment profile.

As you may know, one way of doing this business is to take part in the 24-hour cash. In this case, you can trade currency pairs, such as euro and UD dollars. Since currencies are involved in pairs, your job is to make a bet that a certain currency will rise in value in comparison to the other in a pair. In this case, you will buy and sell pairs based on the current price or exchange rate.

Another good option is to deal in FX future where traders make their decision of buying and selling future contracts on the basis of a standard settlement date and size. Just to let you that the biggest FX future market is CME Group, which is based in the US. Therefore, if you are interested in G10 currency pairs, we suggest that you investment in CME Group. Moreover, you also have the option of e-micro products.

Foreign currency options also give you a lot of investment opportunities. Actually, this is similar to the FX future contracts, but provides you with the right to buy or sell a non-variable amount of currency on or before a certain date.

CDs, ETNs, and ETFs

In the Forext market, you can find a lot of investment opportunities, such as CDs, ETNs, and ETFs. It's important to keep in mind that some ETFS are responsible of managing currency pairs. On the other hand, others deal in a single currency.

As far as CDs are concerned, they are not different from the options that a local bank may offer. The only difference is that it will be either in baskets of currencies or a single currency. With this option, as you an investor, you can earn a lot of foreign interest. And with this, you can easily spread your risk.

Just like with any type of investment, Forex trading involves some risk. Therefore, if you are going to invest in this market, make sure you have done your homework. Aside from this, you may want to keep an eye on the global events.

Long story short, this was a brief introduction to the Forext market as a great investment opportunity. Hope you will find this article helpful.

[fxforecast-blog]

FOREX-Yen and Swiss franc gain as ebbing trade optimism hurts risk appetite

The Swiss franc and Japanese yen rose on Monday as investors headed into safer assets, becoming more cautious that progress was being made towards a comprehensive trade deal between the United States and China.

The currencies, both viewed as safe havens, and the U.S. dollar had dropped sharply on Friday as optimism over the trade talks, together with the European Union and Britain restarting Brexit negotiations, encouraged investors into riskier assets.

U.S. President Donald Trump said on Friday that Washington and Beijing had reached a ‘Phase 1’ trade deal.

But on Monday the mood was more cautious in an otherwise quiet start to the week for FX markets.

Analysts said the partial deal between the world’s two largest economies appeared to lack substance with limited progress on structural issues such as technology transfers.

Manuel Oliveri, an analyst at Credit Agricole, said the announcements so far did not amount to “a broad-based trade deal” that would justify last week’s market optimism.

The yen rose 0.3% on Monday, away from Friday’s 2-1/2 month low, and was last at 108.15 per dollar.

The euro fell 0.2% to $1.1014 before recovering, while the dollar rose 0.1 % against a basket of currencies to 98.391.

The Swiss franc rallied 0.2% against the euro to 1.0985 francs.

With Tokyo’s market closed for a public holiday and a holiday in the United States for Columbus Day, trading volumes will likely remain lighter than usual.

There was also little in the way of new key economic data due on Monday.

Emerging market currencies and those closely linked to broad risk sentiment, such as the Australian dollar and Swedish crown, had rallied at the end of last week.

On Monday most were lower, with the Aussie losing 0.3% to $0.6770 and the crown weakening 0.3% against the euro to 10.847.

“While the tentative US-China mini deal is non-negative for markets — and in part exceeded the previously low market expectations — it in our view does not offer a durable solution to the trade conflict,” ING strategists said in a research note.

Sterling dropped against both the dollar and euro after Britain and the EU stressed over the weekend that there was a long way to go before they could agree a Brexit deal.

The pound was last down 0.7% at $1.2568 but still almost 4 cents above its level last Wednesday. Sterling surged late last week after London and Brussels announced “intense” negotiations to try and agree a Brexit deal before Oct. 31

[fxforecast-blog]

Basic Steps to Get Ready for Forex Trading

Forex trading may seem a little complicated at first, but if you take the time to learn about leverage, interest rates, currency pairs, etc., it will soon become less intimidating. Trading on this market can be relatively simple by following visual signals on charts offered by the trading platforms or more in-depth by reading daily financial reports to base the trades. The type of Forex trading is based on personal preference, time you are willing to invest, and the amount in your account.

Let's take a look at a few of the steps to learn more about Forex trading:

Start learning the basics

The very first step to learn about Forex trading is to start reading about the basics. There are plenty of online tutorials and guides to read, as well as trading forums. Reading a Forex glossary is a great way to learn and understand the industry specific words, such as cash price, leverage, dealing spread, fill, no touch, etc. In the early stages, it is practical to simply get familiar with the basics. Leave the actual trading until a solid understanding of Forex trading is acquired.

Sign up for a demo account

Many of the brokers give the first time trader an opportunity to open a demo account to get a real idea of how the market works. Once the demo account is open, it is possible to experiment with a variety of trading methods, learn the mechanics of trading, and try out a few real-time trades to see how the market flows. In general, it is worth staying with the demo account until a proper understanding of the different trading methods is known and able to read the different charts and data.

Learn about risk management

A major skill to learn before starting to trade is risk management. Any trader that isn't able to manage the potential risk is more likely to lose their money in the short-term. It is best to learn about risk management before starting to trade. Study the various different money management methods and risk reward ratio to help in the process of creating a usable trading plan.

Open a live trading account

A great place to start is with a micro trading account. This is quick and easy to set up and only requires a small investment to get started. This initial start-up amount can be as low as $25. In the early days it is best to keep the trades small and slowly increase the risk to complement the gain in skill and knowledge, and also when the trading capital starts to grow.

[fxforecast-blog]

3 Simple and Effective Forex Strategies

Using simple but effective Forex strategies need not be difficult. There are three popular styles when it comes to actually trading currency. Ideally, you should try to apply aspects of each of these styles to maximize your success.

Here we will discuss them so that you can begin to implement in your Forex investment plan:

Technical Information Analysis

This is when you take advantage of all information available on the currency pair. This is especially useful because you can have constant updates and keep a very close eye on the best possible time to affect your buyout or trade.

This will allow you to leave trade options open until a currency or currency pair will achieve the price that you're looking for and keep a constant eye on happenings.

Sentiment Trades

This is a different aspect from technical trading because it involves market shifts that move based on feeling rather than specific fundamental facts. Market sentiment can often require you to react on a very visceral or gut driven basis and what you think the market will also react to.

It assumes that you have an understanding and intuitive feel for the market and currency trades based on prior experience. One huge advantage of this kind of trading is that it allows you to anticipate a market based on prior experience and outperform the herd consistently.

Specific Forex Strategies

There are literally dozens of books written on Forex trading strategies. Each specific strategy builds upon prior knowledge bases and allows you the opportunity to take advantage of proven methods when it comes to currency exchanges.

For example, the London Jammer trade takes example of specific volatility and indecision that has characterized many of the European markets. Tactics like this work best with certain kinds of reoccurring events happening in the market.

It becomes the responsibility of the trader to recognize events, trends and specific day trading sessions that will trigger the ability to choose the correct Forex strategy. When patterns are identified, you would then invoke the strategy that you would use to counter or take advantage of the events in the markets.

In the end, all investment strategies involve risk, sufficient information, a feel for the market and the ability to make decisions on the fly. Effective Forex strategies take advantage of all of these events and combine together for the right opportunity for you and your future investments.

If you want to be a successful Forex trader then discover how to use Forex by signing up for my "NO COST" Forex online training course, learn valuable Forex trading tips and get advice on how to be successful with easy to implement Forex trading tips go to: Answers About Forex and you will discover the secrets to being successful with Forex!

[fxforecast-blog]

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