FXOpen Trader

If we are looking to earn the profits from doing our trading then we must try to use a Balanced Trading Plan.

I have seen many of the Forex traders who are doing their trading are making the same mistakes of using the Higher Leverages.

If we are a Newbie traders in this business we will need to understand that trading will need Hard Work.

Those Forex traders who are a Newbie traders will have to do more hard work in this business so that they are able to understand the Real Market Trends.

I have been doing my Forex trading from the last 10 Years with the International and Reputed Forex Broker FXOpen Markets They are a True ECN Forex Brokers.

If we are able to maintain the discipline in doing our trading then we will be able to understand the Real benefits of Forex Trading.

If we are going to make use of the Demo trading accounts then our income from such trading will get increased.

We will need to understand that trading in the Forex markets will require a lot of Efforts from the Newbie Traders.

When we are a Newbie traders we will need to think about making use of the Demo Accounts.

To be able to earn the profits from doing our trading we will need to first of all select a Trading Plan.

In the business of Forex trading it becomes very important for the traders to understand the importance of doing their trading with Money Management.

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

In the business of Forex Trading it becomes very important for the traders to understand the importance of doing their trades according to a Better Trading Plan.

We will need to start devoting more time into the business of Forex trading so that we are able to Better understand the Forex markets.

I have been doing my Forex trading from the last 10 Years with the International and Reputed Forex Broker FXOpen Markets They are a True ECN Forex Brokers.

If we will start doing our trades with proper planning and self control then our profits from doing such type of trading is going to increase.

BTCUSD and XRPUSD Technical Analysis – 26th OCT, 2021 BTCUSD – Rising Uptrend Channel Above $60000 Bitcoin continues to consolidate its gains after touching an all-time high of $66967 last week. The price of bitcoin is now moving in a rising uptrend channel, indicating more upsides in the coming days. Bitcoin is holding above the 100 hourly simple and exponential moving averages. The bearish correction that we saw last week after the price of BTC crossed $65000 seems to be well-supported above $60000. Bitcoin has started its next leg of upward movement and is now expected to cross the 63500 handle in the US trading session today. The short- to medium-term outlook for bitcoin remains bullish, and a rally is expected towards $65000 levels. Bitcoin recovered from its losses last week and is now trading above its support levels of $62061 High relative strength index indicates a strong positive momentum in the short-term range The price is now trading above its pivot level of $62404 All the moving averages are giving a STRONG BUY signal at current market level of $62972 Bitcoin Fresh Rally Towards $64000 Confirmed BTCUSD is oscillating between 63271 and 62213, and needs to clear its immediate resistance levels of 63750. The price of BTCUSD has just cleared its Fibonacci resistance level of $62714 and classic resistance level of $62900 in the European trading session. In the last 24hrs, BTCUSD has gone UP by +0.36% with the price change of +225$, and has a 24hr trading volume of USD 32.248 billion. Bitcoin To Hit $80000 In 2021 The price of bitcoin has appreciated by more than 50% since last month. Bitcoin was trading at $41034 on 29th Sep, 2021, and with the current market price of $62850, we can see an appreciation of 53%. Many companies have been adopting bitcoin leading to a higher demand for BTC on the cryptocurrency exchanges worldwide. Walmart is installing 200 bitcoin ATMs across the US. Bitcoin ETFs are gaining investor confidence. Twitter has enabled sending and receiving bitcoins via the Lightning network. Some crypto analysts say that the price of bitcoin will touch $80000 before the end of 2021. The Week Ahead The price of BTCUSD is holding above the important psychological level of $60000, and a positive momentum is observed in the short-term range. It is crucial for the price to hold above the $60000 handle for the next bitcoin rally towards $64000. This week, BTCUSD is expected to cross 63500 and aim for upsides of 64000 to 64500. The short-term bearish correction phase seems to have ended, and the dips remain well-supported above 61000. Both the medium-term and long-term outlook remain positive. Next week, we could witness BTC printing above the $64500 mark. Technical Indicators: Commodity channel index (14-day): at 28.51 indicating NEUTRAL Average true range (14-day): indicating less volatility Moving averages convergence divergence (12,26): at 190.30 indicating a BUY Relative strength index (14-day): at 57.96 indicating a BUY Read Full on FXOpen Company Blog...

EURUSD Volatility Expected to Increase As ECB's Decision Looms The EURUSD has been trading in relatively tight ranges recently despite important economic data releases. The pair has found strong support at the 1.16 level as buyers stepped in on every move below. However, the bounces have been shallow and with little or no follow-through. This week, the price action on the EURUSD is expected to increase dramatically as investors prepare for two crucial events that will impact the currency pair: the European Central Bank meeting, and the Federal Reserve of the United States (FED) meeting next week. The Fed to Officially Announce Tapering The Fed is set to officially announce the tapering of its asset purchases at next week's meeting. Last Friday, the Fed's chair said he believed that the time for tapering had come — but the EURUSD did not react, perhaps because the news came late on a Friday afternoon. The statement is clearly hawkish for the dollar, and it should weigh on the EURUSD pair, especially since the ECB considers an opposite strategy. It will not taper yet; thus, the two monetary policies diverge. The EURUSD is the most popular currency pair on the FX dashboard and one that sets the course for the dollar index. Despite finding buyers below 1.16 in the last weeks, the bias remains bearish heading into the two central banks meetings. On Thursday, the focus sits with the ECB press conference and its staff's economic projections. As always, projections for inflation expectations are key for the euro. On Friday, investors will start to prepare for the Fed meeting scheduled for next week, and if the ECB keeps its dovish bias, the chances are that the EURUSD will test its recent lows around the 1.15 level. FXOpen Blog

Setting FXOpen Servers To Winter Time Dear Clients, Please note that on November 7, 2021, FXOpen will set its trading servers to winter time, i.e., from GMT+3 to GMT+2. The changes are to come into effect at the time of market opening on Monday, November 8, 2021. On crypto accounts where trading is available over the weekend, traders will notice the changes a day earlier, on Sunday, November 7, 2021. The time switch will be applied to all types of trading accounts on the FXOpen platform. The server time switch will not affect any open trades or the process of placing, closing, or modifying orders. However, we would recommend that you take the time shift into account when planning your trading activities. And, finally, please do not forget to synchronize the time zone of your EAs and indicators with FXOpen’s server, which is GMT+2. FXOpen Company News

Forex trading is an international business that needs to be done with a Good Trading Plan.

We will need to understand the importance of doing our trading with the Support and Resistance levels.

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

I have been doing my trading in the Forex markets from the last 10 years with the use of the Meta Trader 4

In the business of Foreign Exchange market we will need to use a Trading Plan that is Easy to understand by us.

GBP/USD and EUR/GBP Aim More Upsides GBP/USD is eyeing an upside break above the 1.3820 resistance zone. EUR/GBP is rising and it could gain pace if it clears the 0.8465 resistance. Important Takeaways for GBP/USD and EUR/GBP The British Pound was able to gain pace above the 1.3700 and 1.3750 resistance levels. There is a key rising channel forming with support near 1.3760 on the hourly chart of GBP/USD. EUR/GBP formed a support base above 0.8420 and started a fresh increase. There was a break above a major bearish trend line with resistance near 0.8440 on the hourly chart. GBP/USD Technical Analysis The British Pound started a major increase from the 1.3440 support zone against the US Dollar. The GBP/USD pair traded above the 1.3600 resistance zone to move into a positive zone. The pair even broke the 1.3750 resistance zone and settled above the 50 hourly simple moving average. It even spiked above 1.3800 and traded as high as 1.3835. GBP/USD is now correcting gains and trading below 1.3800. GBP/USD Hourly Chart An immediate support is near the 1.3760 level. It is near the 23.6% Fib retracement level of the upward move from the 1.3413 swing low to 1.3835 high. It is now consolidating near the 1.3780 level. There is also a key rising channel forming with support near 1.3760 on the hourly chart of GBP/USD. A downside break below the channel support might even push the pair below the 1.3700 support zone. The next major support is near the 1.3650 level. The 50% Fib retracement level of the upward move from the 1.3413 swing low to 1.3835 high is also near the 1.3650 zone. Any more downsides might call for a move towards the 1.3600 level. On the upside, the pair is facing resistance near 1.3820. If there is an upside break above the 1.3820 resistance, the price could surpass 1.3850. The next main resistance is near the 1.3920 zone, above which the pair could rise towards the 1.4000 level in the near term. Read Full on FXOpen Company Blog...