FXOpen Trader

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

I have been making use of the FXOpen Broker and it accepts the Bitcoins for the Deposits

We will need to start using the ECN based accounts as they have lowest market spreads.

We must make some research so that we are able to understand about the markets and make some trading based decisions.

I am making use of the EURUSD and the GBPUSD pairs as they have allowed me to do my trades with confidence.

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

When we are doing our trading in the Forex markets we will have to understand the implications of trading with proper controls.

With the help of the Demo based trading accounts we can learn trading and also at the same time start doing better trades.

When we are doing our trades in the London market timings we can get better trading income.

Forex traders need to use such kind of trading skills that can help them in getting a control over their trading based systems.

We will need to develop patience so that we are in a position to do our trading effectively.

to be updated...

Market Analysis: EUR/USD Struggles, USD/JPY Could Extend Gains EUR/USD started another decline from the 1.0915 resistance. USD/JPY surged and broke the 148.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0880 support zone. There was a break below a key bullish trend line with support at 1.0880 on the hourly chart of EUR/USD at FXOpen. USD/JPY climbed higher above the 148.00 and 148.30 levels. There is a connecting bearish trend line forming with resistance at 148.00 on the hourly chart at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.0915 resistance zone. The Euro started a fresh decline and traded below the 1.0880 support zone against the US Dollar. There was a break below a key bullish trend line with support at 1.0880. The pair even declined below 1.0840 and tested the 1.0820 zone. A low is formed near 1.0821 and the pair is now correcting losses. On the upside, the pair is now facing resistance near the 50% Fib retracement level of the recent decline from the 1.0916 swing high to the 1.0821 low at 1.0865. The next key resistance is near the 50-hour simple moving average at 1.0880. It is close to the 61.8% Fib retracement level of the recent decline from the 1.0916 swing high to the 1.0821 low. The main resistance is 1.0915. A clear move above the 1.0915 level could send the pair toward the 1.0950 resistance. An upside break above 1.0950 could set the pace for another increase. In the stated case, the pair might rise toward 1.1020. If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.0840. The next key support is at 1.0820. If there is a downside break below 1.0820, the pair could drop toward 1.0785. The next support is near 1.0750, below which the pair could start a major decline. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

S&P 500 Trades at Record Highs, Further Adding to US Stock Bonanza Who would have thought it? Two years ago, in the grip of spiralling inflation and a considerable lull in the value of various stock market indices with major North American companies being key contingents, when financial analyses were awash with pessimism, it would have been a hard prediction that the beginning of 2024 would play host to high stock values across the board and a booming US economy. The inflation of 2021 and 2022 was followed by high-profile banking collapses and US involvement in geopolitical instability in various global regions; however, here we are about to enter the final week of the first month of 2024, and the markets are looking extremely healthy. Today's focus for those observing the performance of stock markets is firmly fixed on the S&P 500 index, which concluded the US trading session yesterday at an all-time high. This is a very interesting dynamic, especially considering that this upward direction is not unique to the prestigious stocks of long-established companies included in the S&P 500 index but is also noticeable among other indices in US markets, with the NASDAQ also having increased in value, alluding to a business-as-usual scenario in Silicon Valley. Even more interestingly, this milestone-crossing strength appears to be organic, as there has not been a specific event that could have caused it. Analysis this morning is focusing on relatively well-understood dynamics which have existed in US markets for a while now, alluding to the forthcoming Federal Reserve policymakers meeting on January 30 being anticipated with some degree of optimism and last week's publicised speech by the Federal Reserve Board of Governors member Christopher Waller in which he stated his optimistic point of view that the 2% target of inflation could be reached and sustained within the United States. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

I am making my trades in the EURUSD pairs.

Demo trading accounts will help us in more knowledge and better understanding of the markets.

We will need to use a Broker that is both Reliable and Regulated.

We can make profits if we are trading in the correct time zones and with a proper trading based plan.

We will need to make such kind of trades that can help us in better understanding of the markets.

We must try to use the trading based funds so that our income can also get increased.

When we are trading in the Forex markets we must try to use our trading based skills in a better way.

When we are doing our trades we will need to make use of the proper trading based controls.

We will need to use our trading based signals in the markets with proper controls.

We must be using such lot sizes that are easy to use by us and maintain the profits.

The Price of Bitcoin Has Dropped Below 40,000: What's Next? The value of the main cryptocurrency has fallen below the psychological mark for the first time since December 4th of last year. According to on-chain metrics services, the decline in the price of Bitcoin on cryptocurrency exchanges triggered the liquidation of buyer positions for more than 25 million dollars in just 2 hours. This decline confirms the significance of the three black crows pattern (indicated by the arrow) and the principle of "buy the rumour, sell the fact" – as we discussed in the Bitcoin price analysis on January 15th. What's next? Will the price continue to decrease? JPM head Jamie Dimon, as well as legendary investor Peter Schiff, are pessimistic. In their opinion, Bitcoin is a speculative asset. Jamie Dimon explicitly advises staying away from bitcoins, while Peter Schiff, comparing Bitcoin to gold, prefers the precious metal. On the other hand, the current decrease may indicate a correction within an upward trend. This perspective is held by financial expert and publicist Anthony Scaramucci. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.