FXOpen Trader

We can make use of the Bitcoins for our Deposits and Withdrawals.

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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 have to understand about how to do our trades in the Demo trading accounts.

When we are trading on a short term basis the income we can get will also get increased.

We will have to learn doing our trades according to a Trading based plan.

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

We can start learning about the Forex market trends and how it will work using the Demo Trading accounts of the FXOpen

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 how to make use of the Stop loss in doing the trades into the markets.

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

We can start doing our trades into the Forex markets with the help of a Reliable trading based plan.

I have been doing my Forex Trading with FXOpen Markets from the last 10 Years and they are very Reliable and Trustable International Forex Brokers

FXOpen - Trusted By Traders Worldwide Our Advantages For the first time in the Forex industry – cryptocurrency trading with Bitcoin, Litecoin, Ethereum, Ripple, Monero, EOS, NEO, Bitcoin Cash Trading accounts to suit every level of experience and investment – ECN, STP, Crypto, Micro The industry's most competitive spreads - from 0 pips Minimum deposit – from $1 Advanced price aggregating ECN technology Maximum leverage up to 1:500 A wide selection of fast and reliable payment options A vast network of regional offices and representatives FXOpen Help The latest economic news, professional market analyses and a Forex calendar Monthly and daily account statements Ultra-fast execution Your choice of trading strategy 100+ Markets offered 16+ Years of Experience 3 Trading Platforms - TickTrader, MetaTrader4, MetaTrader5 50+ FX Spot CFDs 25+ Cryptocurrency CFDs Shares CFDs Index CFDs Spot Metals CFDs Commodity CFDs FXOpen Global

AUD/USD and NZD/USD Might Struggle To Recover Losses AUD/USD gained bearish momentum below the 0.7150 support zone. NZD/USD started a major decline after it faced sellers near 0.6565. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a fresh decline after it struggled near 0.7265 against the US Dollar. There was a break below a major bullish trend line with support near 0.7160 on the hourly chart of AUD/USD. NZD/USD also started a major decline after it failed to stay above 0.6550. There was a move below a key bullish trend line with support near 0.6445 on the hourly chart of NZD/USD. AUD/USD Technical Analysis The Aussie Dollar faced a strong selling interest near the 0.7265 level against the US Dollar. The AUD/USD pair started a major decline below the 0.7200 level. There was a clear move below the 0.7160 and 0.7150 support levels. Besides, there was a break below a major bullish trend line with support near 0.7160 on the hourly chart of AUD/USD. The pair declined below the 50% Fib retracement level of the upward move from the 0.7030 swing low to 0.7265 high (formed on FXOpen). AUD/USD Hourly Chart The pair even declined below the 0.7120 support level and the 50 hourly simple moving average. Finally, it tested the 76.4% Fib retracement level of the upward move from the 0.7030 swing low to 0.7265 high. On the upside, the AUD/USD pair is facing resistance near the 0.7120 level. The next major resistance is near the 0.7150 level. A close above the 0.7150 level and the 50 hourly simple moving average could start a steady increase in the near term. The next major resistance could be 0.7200. On the downside, an initial support is near the 0.7085 level. The next support could be the 0.7050 level. If there is a downside break below the 0.7050 support, the pair could extend its decline towards the 0.7000 level. Any more downsides might send the pair toward the 0.6920 level. Read Full on FXOpen Company Blog...

ETHUSD and LTCUSD Technical Analysis – 05th MAY, 2022 ETHUSD: Bullish Engulfing Pattern above $2,750 Ethereum was moving in a bearish phase last week and touched a low of 2,725 on May 1st, after which it entered into a consolidation channel above the $2,750 handle. This week, ETHUSD started moving in a bullish channel, and managed to cross the $2,900 handle in the European trading session today. We can clearly see a bullish engulfing pattern above $2,750 which signifies the end of a bearish trend and the start of a bullish trend. We can see that the price of Ethereum has retracted from its highs due to some profit taking, but the bullish channel continues, and we are aiming for the upsides of $3,100 and $3,300 this week. ETH is now trading just below its pivot level of 2,936 and moving in a mild bullish momentum. The price of ETHUSD is now facing its classic resistance level of 2,944, Fibonacci resistance level of 2,960, and is now aiming towards the $3,000 handle in the US trading session. Most of the moving averages are giving a BUY signal. ETH is now trading below both its 100 hourly and 200 hourly simple MAs. Ethereum is in a mildly bullish channel Short-term trend reversal seen above $2,750 All the major technical indicators are giving a NEUTRAL to BUY signal The average true range is indicating LESSER market volatility Ether: Bullish Channel Above $2900 Confirmed ETHUSD has consolidated its gains above $2,900 in the European trading session, and we can clearly see that the bullish channel is back. We are now aiming for the upsides of $3,000 to $3,100 in today’s US trading session. The retracement from $2,721 was very strong which suggests that there is more room for the upsides in Ethereum this month, and a level of $3,500 is the next target. We can see the MA crossover pattern above the level of 2,850 which means that in the immediate short term we will see the continuation of the bullish channel. ETH has gained 2.86% with a price change of 81.25$ in the past 24hrs, and has a trading volume of 17.890 billion USD. We can see an increase of 36% in the trading volume as compared to yesterday which means that new buyers are entering the markets and waiting for further correction in the levels of Ethereum. The Week Ahead Ether is printing above $2,980 today, and we can see levels of $3,000 to $3,200 this week. The medium-to-long term outlook for Ether remains bullish with targets of above 3,500 in May. With the US Federal Reserve increasing its benchmark interest rate by half a percentage point, the price of Ethereum continues rising along with other top cryptocurrencies. Ether has already broken its major resistance level of $2,800 and is now facing the next resistance level of $3,000. Technical Indicators: The commodity channel index (14-day): at 135.24 indicating a BUY The moving averages convergence divergence (14-day): at 14.80 indicating a BUY The ultimate oscillator: at 61.44 indicating a BUY The rate of price change: at 3.39 indicating a BUY Read Full on FXOpen Company Blog...

Think of Many Things: Do ONE Top 10's of the indicators consider for trading. Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

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EUR/USD and EUR/JPY Could Extend Downsides EUR/USD started a fresh decline from the 1.0750 resistance. EUR/JPY could extend downsides if there is a move below the 136.50 support. Important Takeaways for EUR/USD and EUR/JPY The Euro failed to clear the 1.0750 resistance and started a fresh decline. There is a key bullish trend line forming with support near 1.0500 on the hourly chart. EUR/JPY started a downside correction from the 138.00 resistance zone. A major bearish trend line is forming with resistance near 137.20 on the hourly chart. EUR/USD Technical Analysis The Euro made a couple of attempts to clear the 1.0750 resistance zone against the US Dollar. However, the EUR/USD pair failed to gain strength above 1.0750 and started a fresh decline. The pair declined below the 1.0600 support and the 50 hourly simple moving average. The pair even moved below the 1.0550 support level. A low was formed near 1.0470 on FXOpen before the pair started a short-term upside correction. EUR/USD Hourly Chart There was a move above the 1.0520 resistance level. It corrected above the 23.6% Fib retracement level of the key drop from the 1.0758 high to 1.0470 low. On the upside, the pair is facing resistance near the 1.0580 level. It is near the 38.2% Fib retracement level of the key drop from the 1.0758 high to 1.0470 low. The next major resistance is near the 1.0620 level. A clear break above the 1.0620 resistance could push EUR/USD towards 1.0700. If the bulls remain in action, the pair could revisit the 1.0750 resistance zone in the near term. On the downside, the pair might find support near the 1.0500 level. There is also a key bullish trend line forming with support near 1.0500 on the hourly chart. If there is a downside break below the 1.0500 support, the pair might accelerate lower. The next major support sits near the 1.0470 level, below which there is a risk of a larger decline. Read Full on FXOpen Company Blog...

Success Is Not for the Lazy Understanding The open Interest Trading! Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

If my Heart can Believe It, Then I can Achieve It What is a SWAP in Forex trading? Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

We will need to make use of such kind of a Forex Broker which is Regulated and that is Truly International like FXOpen

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To become a better trader in this business we will have to start doing the hard work also.

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