FXOpen Trader

I have been doing my Forex trading with the International and Reputed Foreign Exchange Broker FXOpen Markets

We will have to understand that the Profits in our trading depends on our own trading skills and we will have to develop them.

LTC and EOS – Indecision LTC/USD The price of Litecoin has bee on the rise since the 30th of May again after it came down to $157.3 from $207. It reached today $197 at its highest point and is now making a minor pullback. We have seen the start of the recovery from the 23rd when it fell all the way down to $127 and even lower on the wick to the downside. This is why the recovery seen from there could be the start of the next impulsive move to the upside that is now going to develop in a five-wave manner. On the other hand, this could be another corrective stage with the price making some kind of an ABC correction after further downtrend continuation. In the first case, we could see a breakout from the currently formed rising flat triangle on the upside which would validate the possibility of the upward momentum. But if the ascending trendline breaks out to the downside it could be an early indication that the price is headed further down below its lowest levels this year. EOS/USD The price of EOS has been moving sideways from the 30th of May when it fell to $5.5 area from its high of $7.52. Since then it has recovered to $6.67 at its highest point today but is now sitting again lower as it encountered resistance. On the hourly chart, you can see that the price has formed a sideways range from the 30th with slight ascending levels. This could be the start of the next impulsive move as a leading diagonal or it could be the 2nd sub-wave of the next move to the downside which is still unclear. This is why it would be safe to say that a breakout beyond its outline levels could provide an early indication of where the price is headed further. If the price continues increasing and manages to go above the resistance levels this could meant that the price is headed further up, but if its support gets broken we could see further downtrend continuation. FXOpen Blog This forecast represents FXOpen Markets Limited opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Markets Limited products and services or as financial advice. Cryptocurrency CFDs are not available to trade in all jurisdictions.

We will have to understand that the use of High Leverages in doing our trades is Risky and not recommended.

I have been doing my Forex Trading with the International and Reputed Forex Broker FXOpen Markets

We need to select a Forex Broker that has ECN Trading Facility and Automatic Withdrawals facility like FXOpen Markets

I started trading in the Forex markets with the International ECN Broker FXOpen Markets in the Year 2010

If we want to make income from doing this business then we will need to use our own trading funds and also make use of the Money Management techniques.

We will have to understand this fact that if we will use low risks in doing our trading then our losses will remain limited.

I have been trading in the International Forex Markets for more than 10 Years now with SUCCESS

We must try to understand this fact that if we will follow the Forex Trading Tips then we will be able to get the Profits.

EUR/USD Eyes More Upsides, USD/CHF Could Extend Losses EUR/USD is trading in a positive zone above the 1.2200 support. USD/CHF is declining and it could extend losses below the 0.8950 support zone. Important Takeaways for EUR/USD and USD/CHF The Euro started a fresh increase and it broke the 1.2200 resistance zone against the US Dollar. There is a key expanding triangle forming with resistance near 1.2255 on the hourly chart of EUR/USD. USD/CHF started a fresh decline after it failed to clear the 0.9020 resistance zone. There was a break below a major bullish trend line with support near 0.8980 on the hourly chart. EUR/USD Technical Analysis The Euro formed a strong support base above the 1.2120 level against the US Dollar. As a result, the EUR/USD pair started a fresh increase and it traded above the main 1.2200 resistance zone. The pair even surged above the 1.2220 level and settled above the 50 hourly simple moving average. A high was formed near 1.2254 on FXOpen and the pair is now correcting gains. It traded below the 1.2220 support level. There was a break below the 23.6% Fib retracement level of the upward move from the 1.2132 swing low to 1.2254 high. It is now trading nicely above the 1.2200 support zone and the 50 hourly SMA. There is also a key expanding triangle forming with resistance near 1.2255 on the hourly chart of EUR/USD. On the upside, the pair is facing hurdles near the 1.2240 and 1.2250 levels. A clear upside break above 1.2250 could set the pace for a larger increase. On the downside, there is a major support forming near the 1.2200 zone. The next key support is near the 1.2190 level. It is near the 50% Fib retracement level of the upward move from the 1.2132 swing low to 1.2254 high. A downside break below the 1.2190 support could increase selling pressure in the near term. The next major support could be near the 1.2150 level. Read Full on FXOpen Company Blog...

Gold Breaks Above $1,900 On Inflation Fears Gold has long played an important role in financial markets. It is the only form of money that survived for millenniums, and investment managers value it as a hedge against inflation. Inflation is on everyone´s lips nowadays. In April, the Consumer Price Index (CPI) in the United States has grown at the fastest pace since 1981. Both the core and the headline CPI are poised to rise further in the summer, as the US government and the Fed keep the accommodative measures. Last week, the Personal Core Expenditure (PCE) in the United States rose by 0.7% on expectations of 0.6% and following 0.4% in the previous month. The upbeat data is important because the PCE measures the change in the price of goods and services purchased by consumers, without counting for energy and food prices, considered too volatile. Also, the PCE is the Fed´s favored way of measuring inflation, and the rise fuels expectations of higher inflation in the months ahead. Two Different Recessions A quick comparison of the two last recessions reveals that the CPI had a different path. For example, in the aftermath of the 2008-2009 Great Financial Crisis, inflation fell below zero. In other words, deflation gripped the world´s developed economies, or at least it threatened to do so. However, it is not the case during the current recession. Instead of falling, inflation is poised to rise further. The Fed in the United States has anticipated higher inflation already since August last year. During the Jackson Hole symposium in 2020, the Fed changed its mandate from targeting 2% to averaging 2% over a certain period. Higher inflation typically triggers higher gold prices. Only that the price of gold tumbled since last summer, falling from a record high above $2,000 to below $1,700. At the same time, the US dollar continued to weaken, losing ground against its G10 peers. But the price of gold recovered from its recent lows and now threatens to break to a new all-time high. If the trend in inflation seen in April is set to continue, the bullish trend in the price of gold is likely to continue as well. Now that the cryptocurrency market lost more than half of its value, as seen by the price of Bitcoin falling by 50% in a couple of weeks, investors seem to favor gold again as a hedge against inflation. If that is the case, the recent rise in the price of gold is just the start of an attempt at a new all-time high. The higher the CPI rises, the bigger the share investors will allocate to gold. FXOpen Blog

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We will have to first of all understand about the present market trends so that we can get more profits from doing our trades.

If we will make use of a Good and a Reliable trading system then our income from the business will be more.

The main and the most Important Tip in the Forex trading is to use Money Management in all of our Trades.

Forex trading is a International Business and we will need to spend our time so that we can learn how it works and how we can make the Profits.

To be able to become a Profitable Forex trader we will have to understand how the Forex market works and how we can get income from our trades.

We will need to understand how the Forex market works and also how we are going to earn income from doing our trades in this business.

I have been doing my Forex trading with the International Forex Broker FXOpen and they have Automatic Withdrawals

We will need to spend our time in understanding about the Forex markets so that the Profits can start coming to us.

To be able to select a correct Forex Trading Broker we will have to first of all understand about the Forex markets and also now how the ECN Trading works.

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Forex a trader who is looking for income from the Forex markets the main and the important fact is to be able to do his trading with the True ECN Forex Broker.