FXOpen Trader

I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping

We will need to learn the Trading skills for being able to do our trading with the profits.

We will need to learn how to manage the Emotions in doing our trades in the Forex markets.

We will need to learn how to do our trading within the limits so that the losses remain as limited.

We must try to understand and know about the Market trends before doing our trades in the markets.

If we are doing our trades with the help of a Swing trading system we will need to wait for the correct timings.

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 learn about doing our trades into the markets and in the process develop good trading strategies.

We will need to make use of such type of a Trading system that is easy for us.

There's No Elevator To Success Get the Support for NEW Traders Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

OLD Habits Wont Bring New Results Patience is the key to success in trading Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

OLD Ways Wont Open New Doors Are you Doing Forex Trading Correctly? Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

Gold Price Corrects Lower, Crude Oil Price Aims Fresh Increase Gold price gained bullish momentum above $1,825 before correcting lower. Crude oil price is holding the $87.50 support and might start a fresh increase. Important Takeaways for Gold and Oil Gold price started a major increase above the $1,800 and $1,820 levels against the US Dollar. There was a break below a key bullish trend line with support near $1,835 on the hourly chart of gold. Crude oil price corrected lower, but it found support near $87.50. There was a break above a major bearish trend line with resistance near $88.85 on the hourly chart of XTI/USD. Gold Price Technical Analysis Gold price formed a support base near $1,788 and started a fresh increase against the US Dollar. The price gained pace for a move above the $1,800 level to move into a positive zone. There was a clear move above the $1,820 level and the 50 hourly simple moving average. The price even climbed above the $1,835 resistance level. A high was formed near $1,841 on FXOpen before the price started a downside correction. Gold Price Hourly Chart There was a break below the $1,835 level. Besides, there was a break below a key bullish trend line with support near $1,835 on the hourly chart of gold. The price traded below the 23.6% Fib retracement level of the upward move from the $1,788 swing low to $1,841 high. On the downside, an initial support is near the $1,820 level. The first major support is near the $1,815 level. It is near the 50% Fib retracement level of the upward move from the $1,788 swing low to $1,841 high. If there is a downside break below the $1,815 level, the price could decline to $1,800. On the upside, the price is facing resistance near the $1,830 level. The main resistance is now forming near the $1,840 level. A close above the $1,840 level could open the doors for a steady increase towards $1,850. The next major resistance sits near the $1,865 level. Read Full on FXOpen Company Blog...

ETHUSD and LTCUSD Technical Analysis – 10th FEB, 2022 ETHUSD: Bullish Pennant Pattern Above $3,000 This week, Ethereum continues its bullish momentum after touching a low of $2,575 on February 3rd. On February 8th, we saw Ethereum making a strong bullish move in the form of a rally and crossing the level of $3,000. ETHUSD continues to maintain its consolidation above the level of $3,000 and is currently trading at $3,194 in the European trading session. We can clearly see a bullish pennant pattern above the $3,000 handle which is a bullish pattern and signifies a bullish continuation, forming an uptrend. ETH is now trading just above its pivot level of $3,187 and moving in a consolidation channel. The price of ETHUSD is now testing its classic resistance level of $3,196 and Fibonacci resistance level of $3,202 after which the path towards $3,400 will get cleared. The relative strength index is at 53 indicating a NEUTRAL market sentiment which is expected to shift towards the bullish sentiment. Some of the technical indicators are giving a BUY market signal. ETH is now trading above its 100 hourly and 200 hourly simple moving averages. Ether bullish momentum is seen above the $3,000 mark Short-term range appears to be mildly BULLISH Commodity channel index is indicating a NEUTRAL market Average true range is indicating LESS market volatility Ether: Bullish Momentum Seen Above $3,000 ETHUSD continues to move in a bullish channel above the $3,000 handle in today’s European trading session. The price of Ethereum has crossed the 50-day simple moving average at $3,142, indicating a bullish outlook, and we are now looking at the targets of 3,300 and 3,500. The Stoch and rate of price change are indicating a short-term correction which is expected at levels below 3,200. The daily RSI is printing at 59 which also indicates a stronger demand for Ethereum in the long-time frame. The bullish line formation above its 100-day simple moving average of 3106 indicates that we are heading towards $3,500. The key support level to watch is $3,000, and as of now, the price remains above this levels. ETH has gained 3.17% with a price change of 98.32$ in the past 24hrs, and has a trading volume of 13.426 billion USD. We can see a decrease of 7.54% in the total trading volume in the last 24 hrs, which appears to be normal. The Week Ahead Ethereum continues to move in a strongly bullish momentum after touching a low of $2,199 on 24th January. The price has jumped by more than 40% in the form of a rally, and now we are observing a consolidation in its levels. If the price of ETHUSD continues to remain above the $3,000 handle, as seen today, it will start the next leg of its bullish move towards the $3,500 handle the next week. The immediate short-term outlook for Ether has turned BULLISH, the medium-term outlook is strongly BULLISH, and the long term outlook for Ether is BULLISH towards the $3,500 handle. We have detected an MA5 crossover pattern above 3,181,which signifies a bullish move in the short-term. This week, Ether is expected to move in a range between $3,200 and $3,400, while next week, Ether is expected to trade at levels above $3,500. Technical Indicators: Moving averages convergence divergence (12,26): at 11.10 indicating a BUY Average Directional Change (14-day): at 40.85 indicating a BUY Bull/Bear Power(13-day): at 7.94 indicating a BUY StochRSI (14-day): at 22.77 indicating an OVERSOLD market Read Full on FXOpen Company Blog...

EUR/USD and EUR/JPY Eye Additional Upsides EUR/USD started a fresh increase above the 1.1380 resistance. EUR/JPY is rising and aiming an upside break above the 132.20 resistance zone. Important Takeaways for EUR/USD and EUR/JPY The Euro started a fresh increase after it formed a base above the 1.1300 level. There is key bullish trend line forming with support near 1.1410 on the hourly chart. EUR/JPY gained bullish momentum after it broke the 130.80 resistance zone. There is a major bullish trend line forming with support near 130.65 on the hourly chart. EUR/USD Technical Analysis The Euro formed a base above the 1.1180 level against the US Dollar. The EUR/USD pair started a steady increase and was able to clear many hurdles near 1.1250. The pair traded above the 1.1350 resistance and the 50 hourly simple moving average. Besides, there was a clear move above the 1.1400 level. The pair traded as high as 1.1483 on FXOpen and is currently correcting gains. EUR/USD Hourly Chart There was a move below the 1.1450 support level. EUR/USD declined below the 23.6% Fib retracement level of the upward move from the 1.1267 swing low to 1.1483 high. However, the bulls are now protecting the 1.1400 support zone. There is also a key bullish trend line forming with support near 1.1410 on the hourly chart. If there is a downside break below the trend line, the pair could test 1.1375. It is near the 50% Fib retracement level of the upward move from the 1.1267 swing low to 1.1483 high. The next major support sits near the 1.1340 level. On the upside, the pair is facing resistance near the 1.1450 level. The next major resistance is near the 1.1480 level. The main resistance is forming near the 1.1500 level. A clear break above the 1.1500 resistance could push EUR/USD towards 1.1550. If the bulls remain in action, the pair could rise above the 1.1620 resistance zone in the near term. Read Full on FXOpen Company Blog...

BTCUSD and XRPUSD Technical Analysis – 08th FEB 2022 BTCUSD: Double Bottom Pattern Above $36,200 Bitcoin continues its bullish momentum this week in the form of a rally, and touched a high of $45,387 in today’s European trading session. Global buying pressure is observed in bitcoin, and support at lower levels which has managed to push up the prices of BTCUSD above the $44,000 handle. BTCUSD touched an intraday low of $43,575 in the Asian trading session, and an intraday high of $45,387 today. We can clearly see a double bottom pattern above $36,200, which is a bullish reversal pattern because it signifies the end of a downtrend and a shift towards an uptrend. Both Stoch and Williams percent Rrange are indicating OVERBOUGHT levels which means that in the immediate short-term a decline in the prices is expected. The relative strength index is at 60 indicating a STRONG demand for bitcoin at the current market level. Bitcoin is now moving above its 100 hourly simple moving average and below its 200 hourly exponential moving averages. The average true range is indicating lesser market volatility with a bullish zone formation. Bitcoin bullish momentum continues above $36,200 Highs/Lows are indicating a NEUTRAL level The price is now trading just below its pivot level of $44,846 All of the moving averages are giving a BUY market signal Bitcoin Rally Seen Above $36,200 Bitcoin continues its strong bullish momentum, having crossed the $45,000 handle in today’s European trading session. The immediate short-term outlook for bitcoin is bullish, the medium-term outlook is neutral, and the long-term outlook remains strongly bullish. The daily RSI is printing at 64 which means that long-term investors have returned to the markets, which can push the prices of BTCUSD above the $50,000 handle. All of the major technical indicators are giving a STRONG BUY signal, which means that in the immediate short-term we are expecting targets of $45,000 and $48,000. The price of BTCUSD is now facing its classic resistance level of $45,033 and Fibonacci resistance level of $45,145, after which the path towards $48,000 will get cleared. In the last 24hrs, BTCUSD has gone UP by 3.81% with a price change of $1,622, and has a 24hr trading volume of USD 31.862 billion. We can see an increase of 48.60% in the trading volume as compared to yesterday, due to increased buying pressure in global cryptocurrency markets. The total market capitalization of bitcoin has now crossed the $800 billion mark and is currently at 838.161 billion USD. The Week Ahead The prices of bitcoin are at present moving in a contraction phase after touching the level of $45,000. We can see some short-selling which is the reason for a pullback to the current market level of $44,150. We have detected MA5 and MA10 crossover patterns at $44,671 and $44,345, which signifies the visible contraction seen in the prices of bitcoin. In the medium-term, bitcoin’s bullish momentum is expected to continue pushing past the $50,000 handle this week. The prices of BTCUSD will need to remain above the important support level of $40,000 this week. We can expect more upsides in the range of $45,000 to $48,000 in the next week. Bitcoin’s Rally Mode The prices of bitcoin continue to surge from their lowest level seen on 24th Jan when it touched a low of $33,503. At the current market price of $44,140 we can see a gain of 31% which is why we can say that bitcoin is in a rally mode, and the prices can continue appreciating towards $50,000 and $55,000 in the coming weeks. Historically, this is seen as the longest rally after Sept 2021, due to increased global investor sentiments. Technical Indicators: Commodity channel index (14-day): at 53.50 indicating a BUY Average directional change (14-day): at 45.17 indicating a BUY Rate of price change: at 0.495 indicating a BUY Moving averages convergence divergence (12,26): at 502.00 indicating a BUY Read Full on FXOpen Company Blog...

We will need to start doing our trades on a longer term basis now.

If we are Educated enough then the chances of getting the profits will get increased.

We must do our trades with the use of the Lower leverages settings.

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

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

I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping

We will need to make use of such kind of a Trading plan that has the lower risks.

If we are going to trade in the Crypto currencies we will need to start making the Extra Efforts.

If we can start doing our trades with the help of a Reliable Broker then our profits will tend to Increase.