FXOpen Trader

We need to select a Forex Broker that has Lower Spreads and is also an ECN Broker. This is the reason why i choose to do my trading with FXOpen Markets They have Low Spreads in the GOLD and the Forex pairs with USD See the screenshot below

In the business of Foreign Exchange markets we must understand that if we will make use of a Reliable Trading Strategy we can become successful traders.

If we want to make the profits from our trading and become a successful trader we would need to develop Trading Skills.

When we are a Newbie trader in this business we will need to learn our trading with the help of the DEMO trading accounts.

We need to understand that the most important thing to remember when selecting a Forex Broker is that it should be True ECN Broker.

I am doing my Forex trading with the Reliable and Reputed Forex Broker FXOpen Markets They have been in the business for more than 10 Years.

I have been doing my Forex trading from the year 2010 with the International Broker FXOpen Markets They are True ECN Forex Brokers.

We need to choose a Forex Broker that is ECN and also has Lower Spreads. This is the reason why i choose to do my Forex trading with FXOpen Markets They have Low Spreads in the GOLD and the Forex Pairs with USD See the screenshot below

I am doing my Forex trading with the International and True ECN Forex Broker FXOpen Markets Being an ECN Broker all the trades are being sent to the Liquidity Providers.

We will have to understand that if we want to get income from our trading we will need to minimize the Risks.

I believe that No - Deposit Bonus cannot be used for trading as it is not our own funds and we must be using our own funds for doing the trades in the Forex markets.

Forex trading is a type of business that is both International and also Reputed. This is why we must understand the importance of doing our trading with a Good Trading Plan.

EUR/USD Eyes Upside Break, USD/JPY Faces Uphill Task EUR/USD is showing positive signs above the 1.2150 pivot level. USD/JPY could extend its decline unless it clears the 109.60 resistance zone in the near term. Important Takeaways for EUR/USD and USD/JPY The Euro started a fresh increase from the 1.2100 support zone. There is a key bearish trend line forming with resistance near 1.2185 on the hourly chart of EUR/USD. USD/JPY declined below the 109.90 and 109.60 support levels. There was a break below a major bullish trend line with support near 109.75 on the hourly chart. EUR/USD Technical Analysis Recently, the Euro saw a downside correction from well above the 1.2200 level against the US Dollar. The EUR/USD pair broke the 1.2150 support level and extended its decline. However, the bulls were active above the 1.2100 level. A low was formed near 1.2103 on FXOpen and the pair is now rising. There was a break above the 1.2120 and 1.2150 resistance levels. The pair even climbed above the 50% Fib retracement level of the recent decline from the 1.2249 high to 1.2103 low. It is now trading above the 1.2165 level and the 50 hourly simple moving average. The pair is now attempting an upside break above 1.2185 and 1.2190. There is also a key bearish trend line forming with resistance near 1.2185 on the hourly chart of EUR/USD. The next key resistance is near the 1.2215 level. The 76.4% Fib retracement level of the recent decline from the 1.2249 high to 1.2103 low is also near the 1.2215 level. A clear upside break above the trend line and then 1.2215 could open the doors for a larger increase. In the stated case, the pair could rise towards the 1.2250 level. An intermediate support is near the 1.2175 level and the 50 hourly simple moving average. The next major support is near the 1.2150 level, below which the pair could drop towards the 1.2100 support. Read Full on FXOpen Company Blog...

BTC and XRP – Breakout seen with further downside expected BTC/USD The price of Bitcoin has been on a decline since yesterday and from its high at $36,742 made a decrease of 11.67% measured to its lowest point today at $32,455. Currently, it is sitting at $32,850 as a minor recovery was made but the picture still looks breaking with more downside expected. Looking at the hourly chart, you can see that the price has made a continuation of the descending move from the 3rd of June. A breakout was made from the ascending support on the 5th after which a test of prior support for resistance. As resistance was present the price continued moving further to the downside and breaking out from the horizontal levels. This is most likely the development of the 3rd wave out of the higher degree five-wave impulse that started on the 3rd of June. If this is true then the price of Bitcoin is now headed to the vicinity of the $30,000 area where the next support level is. Recovery of the 4th wave could be seen but the projection takes back Bitcoin even further to the downside at around $27,500 area for the completion of the impulsive move. Read Full on FXOpen Company Blog...

Weak US Dollar Ahead of Critical Inflation Data The US dollar reacted strongly to the June NFP report released last Friday and declined across the board. The US economy added fewer than expected jobs in May, but the unemployment rate declined to 5.8%. The reaction in the dollar may have come as a result of traders and other market participants preparing for the inflation data later this week. On Thursday, right when the European Central Bank is presenting its June decision, the Consumer Price Index (CPI) from the United States is released. Rising Inflation – Bullish or Bearish for the US Dollar One month ago, the US dollar declined on the CPI release. The April headline and core inflation data showed rising prices, and the dollar took a dive. However, dollar bears should keep in mind two things. First, it is not the first time in history when higher inflation may lead to a stronger, not a weaker, dollar. A close look at what happened in the 1970s, a period known as one with higher inflation, will show that the dollar may get stronger on rising prices. Second, the core inflation difference between Europe and the United States suggests we may see a stronger dollar in the second half of the year. The core inflation difference leads five months, and so far it correlated perfectly with the EUR/USD exchange rate. More precisely, it points to a much lower EUR/USD than the current levels, something that dollar bears may want to consider. This week, the ECB monetary policy decision will trigger volatility on the euro pairs, but the market participants will also look at the tapering message. Next week it is the Fed’s turn to talk about tapering, and the difference between the two statements will be the driver for the EUR/USD exchange rate. FXOpen Blog

GBP/USD and EUR/GBP: British Pound Could Correct Lower GBP/USD failed to clear the key 1.4200 resistance zone and corrected lower. EUR/GBP is rising and it might continue to rise towards the 0.8650 level. Important Takeaways for GBP/USD and EUR/GBP The British Pound failed to gain pace above the main 1.4200 resistance zone. There is a key bearish trend line forming with resistance near 1.4175 on the hourly chart of GBP/USD. EUR/GBP started a fresh increase after it found a strong support near the 0.8565 zone. There was a break above a major bearish trend line with resistance near 0.8590 on the hourly chart. GBP/USD Technical Analysis The British Pound started a fresh increase from the 1.4080 support zone against the US Dollar. The GBP/USD pair climbed above the 1.4150 resistance and the 50 hourly simple moving average. However, the pair failed to gain pace above the 1.4200 resistance. It traded as high as 1.4199 on FXOpen and it is now correcting gains. There was a break below the 1.4165 support level. The bears pushed the pair below the 23.6% Fib retracement level of the upward move from the 1.4083 swing low to 1.4199 high. The pair is now testing the 1.4140 level and the 50 hourly simple moving average. It is close to the 50% Fib retracement level of the upward move from the 1.4083 swing low to 1.4199 high. A downside break below 1.4140 could set the pace for a fresh decline towards the 1.4100 support. The main support is still near 1.4080, below which the pair could dive towards 1.4000. On the upside, an immediate resistance is near the 1.4170 level. There is also a key bearish trend line forming with resistance near 1.4175 on the hourly chart of GBP/USD. The next major resistance is near the 1.4200 level. A successful close above 1.4170 and a follow up move above 1.4200 could open the doors for a move towards the 1.4250 resistance. Read Full on FXOpen Company Blog...

AUD/USD and NZD/USD Turn Red, Upsides Capped AUD/USD started a major decline after it failed to clear the 0.7765 resistance. NZD/USD also declined and it broke a major support near the 0.7200 zone. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a fresh decline below the 0.7740 and 0.7700 support levels against the US Dollar. There was a break below a major bullish trend line with support near 0.7730 on the hourly chart of AUD/USD. NZD/USD also declined heavily below the 0.7200 and 0.7180 support levels. There is a key bearish trend line forming with resistance near 0.7200 on the hourly chart of NZD/USD. AUD/USD Technical Analysis Recently, the Aussie Dollar made a few attempts to clear the 0.7765 resistance zone against the US Dollar. The AUD/USD pair failed to gain momentum and it started a major decline below 0.7750. It broke the 0.7700 support level and settled well below the 50 hourly simple moving average. The pair even broke the 0.7675 support level and extended its decline. It traded as low as 0.7644 on FXOpen and it is currently consolidating losses. An initial resistance on the upside is near the 0.7670 level. It is near the 23.6% Fib retracement level of the recent decline from the 0.7755 high to 0.7644 low. The first major resistance is near the 0.7675 level (the recent breakdown zone). The next major resistance is near the 0.7700 level. It is close to the 50% Fib retracement level of the recent decline from the 0.7755 high to 0.7644 low. Any more gains could lead the pair towards the 0.7715 level and the 50 hourly simple moving average. Conversely, the pair could further decline below the 0.7650 support zone. The next major support is near the 0.7640 level. If there is a downside break below the 0.7640 level, the pair could extend its decline towards the 0.7580 level. Read Full on FXOpen Company Blog...

I selected the International and Reputed Foreign Exchange Broker FXOpen Markets They have facility of Automatic Withdrawals.

With the help of the Demo Trading accounts we can learn Forex trading and also become more successful traders.

We will have to understand the rise of the cryptocurrencies and also know that if we will have a plan for trading in them we can earn good income also.

I am doing my Forex Trading with FXOpen Markets They are having Low Spreads in GOLD and Forex Pairs with USD See the screenshots below of the Meta Trader Live Spreads

We must understand that if we are having Trading Skills then we would be able to get the Income from our trades.

I choose to do my Forex Trading with FXOpen Markets as they are a True ECN Forex Brokers

We need to use such kind of Trading Skills that will help us in becoming more Profitable Forex traders.

We need to understand that if we are doing our trading with a Reliable Trading Strategy then we can get the SUCCESS