FXOpen Trader Posted December 3, 2020 Share Posted December 3, 2020 FXOpen Launches CASHU Payments Dear Clients, FXOpen is delighted to announce a new, cutting-edge payment method for our clients, via CASHU. CASHU is a safe and secure online payment method that was established in 2002 by Maktoob.com. It is recognized as the first and the largest in the MENA region, serving nearly 2.3 million consumers with accessible and easy solutions to pay online. Read more... Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted December 3, 2020 Share Posted December 3, 2020 FXOpen Launches Local Bank Transfers in Argentina, Brazil, and Mexico Dear Clients, FXOpen is pleased to announce that we've added new methods of depositing funds. Clients from Argentina, Brazil, and Mexico can now carry out transactions via local bank transfers: Rapipago, Boleto Bancário and Oxxo. Rapipago is an Argentinian prepaid payment method used for online purchases. The system generates a voucher that can be paid offline at one of the 6000+ Rapipago payment locations. Rapipago supports payments between 1200+ companies and their consumers — around 19 million transactions per month. Rapipago’s card, check, and cash-based transactions ultimately collect money on behalf of merchants and utility firms. OXXO is a chain of convenience stores that offers alternative cash payments in Mexico. Around 71 million Mexicans do not own a bank account, and OXXO allows merchants to tap into this substantial group of online buyers. With more than 16,000 stores across the country, consumers can pay for their online purchases in cash, and merchants have a zero chance of a chargeback. Boleto Bancário is an official Brazilian payment method regulated by the Central Bank of Brazil. It is a push payment system which was launched in 1993 and today generates 3.7 billion transactions per year. Accounting for around 25% of all online payment transactions, it is a must for doing business in Brazil. Read more... Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted December 3, 2020 Share Posted December 3, 2020 FXOpen Cashback Program FXOpen Cashback Program lets traders receive an additional refund for any kind of trades including loss-making. It is easy to get cashback: it is added to your Commission account that is open automatically, with no further actions. The cashback amount is determined in accordance with the total margin used on all client's trading accounts. The program is available for all types of FXOpen trading accounts: ECN, STP, Crypto, Micro, PAMM ECN, PAMM STP. The 90-day Cashback program lets you receive an additional refund up to $1,000 for your trades. Available for all trading accounts The advantages of FXOpen Cashback Program Cashback amount can reach up to 150% of Standard commission per trade. It is one of the highest refunds among Forex brokers. Cashback is fully automated. The funds are credited to the client's Commission account. They can be withdrawn or used for trading right after crediting. The program is activated automatically at the time of registration with no additional requests. It is valid throughout the 90 days. Read more... Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted December 11, 2020 Share Posted December 11, 2020 November 2020 Top 10 PAMM Accounts Overview Summing up the results of November, we choose to monitor the most attractive PAMM providers for investment. Investors are mostly interested in good returns and low drawdowns. In today’s PAMM review on the eve of the Christmas holidays we will look at profitable PAMM accounts for a moderate portfolio. By November 2020, there were 172 investment accounts opened in FXOpen and $2’106’389.00 worth of capital invested. DevidGuetta This PAMM provider has been demonstrating successful trading for almost the whole of 2020. At the beginning of the fall, the provider behaved conservatively, but in November the monthly profit was +7.31%. It is worth noting that they traded very successfully without significant drawdowns. In November, they traded mainly in cryptocurrencies: LTC/USD, BTC/USD, XRP/USD. The maximum drawdown in November did not exceed 2.51%. It is possible to join the provider with 100 USD or more. MinRisk This provider has been trading fairly confidently on FXOpen since July 2016. Since April 2020 they have been trading in profit with minor losses. In November, the profit was 4.56%, in December, the positive trend persists. Deposit load in November did not exceed 7%. The manager chart shows some spikes, indicating the use of averaging on the exit from the drawdown. MinRisk account style can be considered as quite aggressive, but profitable at the same time. SuperSpeculativ The provider has been trading at FXOpen for almost a year since December 2019. The year 2020 has turned out quite well for them. Since July, they have been selling at significant drawdowns, bringing in conservative returns every month. As a result, half-year earnings were almost 40%. In November, the income was 6.74%. It should be noted that the manager traded with minimal deposit load, which did not exceed 1.5% in November. It is possible to join the trader with only 100 USD. Read more.... Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted December 15, 2020 Share Posted December 15, 2020 Guess the currency rate and get money! We are continuing a series of contests among our Facebook subscribers. This week we will give away $50 to those, who will provide the closest forecast for the AUD/USD pair. Full Details about the Contest on the FXOpen official page Facebook Quote Link to comment Share on other sites More sharing options...
ziggler Posted December 15, 2020 Share Posted December 15, 2020 BTC ENCOUNTERS RESISTANCE WHILE XRP FINDS SUPPORT BTC/USD The price of Bitcoin has been increasing from last Friday when it was sitting at $17,570 at its lowest point and came up by around 11.4% measured to its highest point today at $19,570. Now the price is being traded at $19,316 as it fell from today’s high and is now making a recovery. On the hourly chart, you can see that this is a struggle for the price to keep up its bullish momentum above the lower horizontal level at $19,191 which represents the daily candle close from the 2017 all-time high. Since the start of the month, we have seen the price in a decline, forming a descending channel from the 1st of December. Last Friday the price found support on the 0.618 Fib level and started increasing again, breaking out from this descending formation and coming above the significant lower horizontal level. Now as the price is getting close to the vicinity of the high made on December 1st it has started moving sideways which indicates that resistance has been found. If this is the uptrend continuation after the descending channel was a higher degree retracement, the price is now headed towards is higher high, effectively making a new all-time high. But first, it needs to break this resistance zone in between the two horizontal resistance levels, so we are yet to see if the price manages to do so. If the price gets rejected once more at this range we could see a lower low compared to the one made last Friday which would mean that the corrective move from the 26th of November hasn’t developed fully, but if it manages to surpass the $19,677 level it would indicate that is headed toward the $21,000 mark. Continue reading Quote Link to comment Share on other sites More sharing options...
ziggler Posted December 16, 2020 Share Posted December 16, 2020 EUR/USD APPROACHING KEY RESISTANCE, USD/CHF REMAINS AT RISK EUR/USD is trading in a positive zone above 1.2100, but it is facing hurdles near 1.2170. USD/CHF is struggling to hold the 0.8850 support and it could decline heavily. Important Takeaways for EUR/USD and USD/CHF The Euro started a fresh increase above the 1.2050 and 1.2100 resistance levels against the US Dollar. There is a connecting bullish trend line forming with support near 1.2140 on the hourly chart of EUR/USD. USD/CHF remains in a bearish zone below the 0.8950 and 0.8920 resistance levels. There are two major bearish trend lines forming with resistance near 0.0.8870 on the hourly chart. EUR/USD Technical Analysis In the past few days, the Euro remained in a positive zone above the 1.2050 support zone against the US Dollar. The EUR/USD pair gained pace above the 1.2100 resistance to move into a positive zone. The upward move was such that the pair broke the 1.2120 resistance and settled above the 50 hourly simple moving average. However, the pair seems to be facing a strong resistance near the 1.2165 and 1.2170 levels. The recent high was formed near 1.2168 on FXOpen before there was a downside correction. There was a break below the 1.2155 level, and the pair traded below the 23.6% Fib retracement level of the upward move from the 1.2121 low to 1.2168 high. The decline found support near the 1.2145 and the 50 hourly simple moving average. The 50% Fib retracement level of the upward move from the 1.2121 low to 1.2168 high is also acting as a support. Continue reading Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted December 18, 2020 Share Posted December 18, 2020 Trading Hours Schedule for the 2021 Christmas and New Year Holiday Period Dear Traders, Please note the changes in trading session times on Christmas and New Year 2021. Please consider these changes when planning your trading activities during the festive season. FXOpen Company News Quote Link to comment Share on other sites More sharing options...
ziggler Posted December 20, 2020 Share Posted December 20, 2020 Dear Clients! FXOpen has some important news about the ForexCup contest. Starting from December 17, 2020 the contest is located at a new web address due to the change of the domain: forex.game Please note that all information about the current rankings and contest results will be fully preserved. The “Classic without Borders” contest standings can be found here: forex.game/tournaments/classic-without-borders-2020. We apologize for any inconvenience caused by these changes. If you still have questions, please contact our customer support — we'll be happy to help. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted December 23, 2020 Share Posted December 23, 2020 13 Mistakes Almost Every Trader Makes Human beings make mistakes, but not every mistake costs money. In the world of Forex, every mistake has a price tag on it. To help you learn more from others’ failures rather than your own, we’ve picked out 13 of the most common mistakes of traders according to forums. Make a good use of this list! The lack of a systematic approach - No matter how godlike your trading style is, you won’t always do well without a cheat sheet. There should always be a plan, the other thing is that your plan can and should be adjusted under changing conditions.Lack of algorithm - Without the algorithm, the risk of losing the deposit increases manifold. A clear algorithm implies a step-by-step sequence of your actions depending on the trading situation.Not placing stop-loss orders - With this approach, the trader is sure to be knocked out of the market sooner or later. The more profit you make in the beginning, the harder the blow will be when you lose it all. A good trader never takes a risk and puts a stop loss where it’s needed. Read Full on FXOpen Company Blog... Quote Link to comment Share on other sites More sharing options...
ziggler Posted December 24, 2020 Share Posted December 24, 2020 WELCOME TO 2021 WITH FXOPEN. THANK YOU FOR TRADING WITH US! First of all, let us thank you for being FXOpen’s loyal clients. We do and will continue to do everything in our power to provide you with the best user experience possible, especially at such an important time for the markets. In 2020, we were able to put on a few exciting initiatives — with your help, of course. And this little digest is designed so that we can celebrate our accomplishments together. Let’s go! More trades, more traders! We are incredibly happy that so many traders trust us, both beginners and professionals. Each of you is very important for FXOpen, and we want you to have access to the markets and instruments that are profitable for you. Continue reading Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted December 28, 2020 Share Posted December 28, 2020 What to Consider in 2021 Global Financial Markets? While the year is not over yet, everyone looks at what lies ahead. But how to better prepare for the next year’s trading opportunities without looking back at the events that marked 2020? So many things happened that it is impossible to discuss them all in this article. Instead, let’s have a look at what influenced financial markets in 2020 and can also have a say in what the markets will do in 2021. COVID-19 Pandemic Unfortunately, 2020 will be a year remembered for the coronavirus pandemic and everything that it brought with it. Caught completely by surprise, the world reacted with a lag. Lives were lost, and industries were disrupted. Small businesses were affected the most, with many closing their doors indefinitely. Governments and central banks reacted the only way they knew – by printing money and offering loans to incredibly low interest rates. Brave wannabe entrepreneurs took a chance in the hope that 2021 and beyond will be better. Hope does exist. Vaccines are rolled out all over the world. Studies show that the efficacy of the many vaccines that already exist is enough to stop the pandemic in the second half of 2021. 2020 Financial Events to Impact 2021 For financial markets, 2020 brought some incredible developments. First, it brought the fastest dive from a bull to a bear market in history. By definition, when the stock market corrects more than 20% from the highs, it reaches a bear market – in March 2020, the drop came so fast as never before. Second, the price of oil settled into negative territory. For the first time in history, investors learned that the price of a commodity could settle for negative values. Basically, producers paid for someone to come and take the oil off their hands as no storage facilities existed anymore. Third, the global negative-yielding debt surged close to $20 trillion. As the chart above shows, the trend stalled somehow during 2015 and 2017 but closed the year at record highs. Debt with negative yields show investors willing to lend money to an entity (e.g., sovereign, corporation) that pays them back less than the original amount invested. Fourth, Brexit came to an end a few days ago. The United Kingdom and the European Union reached a trade deal that was responsible for much of the price action swings in the GBP pairs for the entire year. Starting with January 1st, 2021, trade between the two takes a new dimension. It is hard to envision now the benefit of Brexit for both the United Kingdom and the European Union. Perhaps it will become obvious somewhere in the future, perhaps not – but at this point, Europe looks weak. Finally, the United States prepares for a new administration at the White House. It brings new air after four years of controversial policies run by Trump’s administration. It also brings a new head of the Treasury, none other than the former chairwoman – Janet Yellen. If and when the pandemic ends, the world’s economies have a long way to full recovery. The events mentioned above left deep wounds that cannot heal easily. FXOpen Blog Quote Link to comment Share on other sites More sharing options...
ziggler Posted December 29, 2020 Share Posted December 29, 2020 MetaQuotes has released macOS installers for MT4 and MT5 A trading platform for macOS users can now be installed more easily with the help of MetaTrader 4 and MetaTrader 5 installers, recently released by MetaQuotes. The macOS operating system accounts for 13% of MetaTrader 4 and MetaTrader 5 installations, and the numbers are growing. According to MetaQuotes, users are increasingly requesting a convenient macOS installer, so a dedicated solution for Apple devices was developed. macOS users no longer need to use additional software to install a trading platform on their system. All that is required is to download the dmg file for installing MetaTrader 4 or MetaTrader 5 and run it: DOWNLOADMT4 DOWNLOADMT5 Follow for more details Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 1, 2021 Share Posted January 1, 2021 Cryptocurrency CFDs TRADING TRADE CRYPTO CURRENCY with CFD Instruments FXOpen lets you trade all the most popular cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Dash (DSH), Ripple (XRP), Monero (XMR), IOTA, EOS, NEO, OMNI in the form of CFDs without having to hold any cryptocurrency directly. WHY TRADE CRYPTOCURRENCY WITH FXOPEN? ONE OF THE LARGEST BITCOIN CFD BROKERS - We use top Liquidity providers (Exchanges) to aggregate liquidity and hedge the risks of client's exposure. Our order execution is based on the ECN Aggregator. TRUE ECN ENVIRONMENT - You can trade cryptocurrencies on MT4 Platform and enjoy all the benefits of ECN execution: you trade against other market participants, not against the broker. LOW SPREADS AND COMMISSIONS - You get tight market spreads and low trading commissions (0.5% half-turn), while the broker benefits as your traded volume and profits grow. TRADE THE WAY YOU LIKE - All the popular Forex trading styles including scalping, hedging and all the types of expert advisors are allowed. THE MOST POPULAR TRADING PLATFORM - Buy or sell instantly with one-click trading on MT4. GO LONG OR SHORT ON ANY CRYPTOCURRENCY CFD - Take a position when you expect a cryptocurrency to fall in value, as well as rise. No actual crypto assets are required. ENJOY PEACE OF MIND TRADING WITH A TRUSTED BROKER - FXOpen is a reliable Forex broker with a 10+ years' history. FXOpen Company News Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 5, 2021 Share Posted January 5, 2021 Guess the currency rate and get money! We are continuing a series of contests among our subscribers. This week we will give away $50 to those, who will provide the closest forecast for the BTC/USD pair Full Details about the Contest on the FXOpen official page Facebook Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 11, 2021 Share Posted January 11, 2021 Results of the "Money Managers" Forex Contest Announced "Money Managers", a Forex contest with real PAMM accounts, ended on December 31st, 2020. Read Full on FXOpen Company News... Quote Link to comment Share on other sites More sharing options...
ziggler Posted January 12, 2021 Share Posted January 12, 2021 Results of the "Money Managers" Forex Contest Announced "Money Managers", a Forex contest with real PAMM accounts, ended on December 31st, 2020. We have received the results of the contest and present the winners to you: 1st lace: AM_Foresight gets $5000-prize. 2nd place: MHon gets $3000-prize. 3rd[/SUP] place: ycchai gets $2000-prize. The prize will be added to an investment account according to a 50/50 offer: 50% of the profit goes to the Manager, the investor (the Company) receives the remaining 50%.We congratulate the winners and wish them further success in trading! Please note that it is forbidden to conceal in PAMM-system such account statistics for investors as equity, drawdown, exposure level, completed trades. This data should always be accessible to view. "Money Managers" contest is a unique opportunity to show your trading skills on real PAMM accounts. During the contest, participants have the opportunity to deposit and withdraw funds from their accounts, accept investments, create new offers, use any strategies, Expert Advisors, and robots. Also, the contest is a great chance to make your PAMM account known among potential followers. To get more details on how FXOpen PAMM service works, please visit our website. Quote Link to comment Share on other sites More sharing options...
ziggler Posted January 13, 2021 Share Posted January 13, 2021 Changes to FXOpen Trading Hours on US Martin Luther King Day Dear Traders, Please note that due to the celebration of Martin Luther King Day in the US on Monday, January 18th, 2021, trading hours for some financial instruments will be changed as follows: Monday, January 18th, 2021 Spot commodities CFD:Gold (XAUUSD) – trading ends at 20:00;Silver (XAGUSD) – trading ends at 20:00;US Crude (XTIUSD) – trading ends at 19:45;US Natural Gas (XNGUSD) – trading ends at 19:45.Indices CFD:Japan 225 (#J225) – trading ends at 20:00;US SPX 500 (#SPXm) – trading ends at 20:00;US Tech 100 (#NDXm) – trading ends at 20:00;Wall Street 30 (#WS30m) – trading ends at 20:00.Stock CFD – trading closed. All other financial instruments will be traded as usual. Please consider these changes when planning your trading activities next week. Read more Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 13, 2021 Share Posted January 13, 2021 TOP PAMM Accounts of 2020: Overview We wish all traders, managers, and investors a happy 2021! We wish you confident trading, high-yield investments, and success in all your endeavors! The end of December and the beginning of January is a difficult period on the market. During this time, the market is called thin because only professionals can trade confidently. And of course, any investor is always on the lookout for managers that will be stable and profitable under any conditions, to have the most balanced portfolio after the holidays with minimal risk of losses. How was the year 2020 memorable for us, and which accounts turned out to be the best in the race? Read Full on FXOpen Company Blog... 1 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 14, 2021 Share Posted January 14, 2021 FXOpen Launches Traders Tools Extension for Google Chrome Dear traders, FXOpen prides itself on providing you with the best Forex trading tools directly from your browser! Install the FXOpen Traders Tools extension for Google Chrome and use it to help shape your trading strategies. Read Full on FXOpen Company News... 1 Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 15, 2021 Share Posted January 15, 2021 Changes in cryptocurrency CFD trading schedule on January 17 Dear Traders, Please, note that on Sunday, January 17, CFD cryptocurrencies will not be traded from 15:00 to 17:00 (+2 GMT) due to scheduled maintenance. We apologize for the inconvenience and kindly hope for your understanding. Please consider this information when planning your trading. FXOpen Company News Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 20, 2021 Share Posted January 20, 2021 Changes to Australia Day Trading Hours Dear Traders, Due to the upcoming Australia Day celebrations on Tuesday, January 26th, 2021, you will experience the following change in the trading hours schedule: Thursday, January 26th Indices CFD: Australia 200 (#AUS200) – trading starts at 08:10 AM (GMT +2). All other financial instruments will be traded as usual. Please consider these changes when planning your trading next week. FXOpen Company News Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 22, 2021 Share Posted January 22, 2021 TickTrader Trading Platform TickTrader is a brand-new trading platform, which allows clients to trade five of the most popular asset classes — forex, stocks, commodities, indices, and cryptocurrencies via one trading account. A special trading account, TickTrader ECN, has been designed for trading using TickTrader platform. As a trading platform, TickTrader pursues one goal: helping users to become profitable. It is easy to adopt and use, but besides being user-friendly, TickTrader boasts comprehensive functionality that ensures it meets the multitude of requirements from every type of trader, from beginner to institutional. TickTrader Key Features TickTrader Terminals. Use TickTrader Desktop Terminal, or install the special version of TickTrader Mobile Terminal on your iOS or Android device, or trade direct from any browser via TickTrader Web Terminal. Highly customizable user-friendly interface. Personalize each single panel settings as well as the whole workstation entirely: a trader can easily create trading layout using a wide range of options and preferences. Advanced technical analysis tools. Take full advantage of ready-made various traditional indicators or make your own and add them to your account. One/double click trading mode. This tool is designed for traders who are looking to make profits of rapidly moving markets, or want to try high-frequency trading and/ or scalping and do not intend to lose a second on waiting. The orders are placed immediately. Level 2 pricing. Venture the market depth with up to 200 levels and the ability to see your limit orders inside the order book. Trading alert system. Customize your alerts and then choose how you receive the notifications. Detailed charting system. Descriptive charts allow a trader to draw and see volumes, trades, and set up alerts. Strategy back tester. Test and evaluate your trading strategies using past pricing and liquidity. You can then use the analytics to run your algo-trading strategies and EAs. What TickTrader has to offer? Now you can manage both margin and deliverable trading directly through the platform or via a FIX, REST, or WebSocket API. You can also fully adjust your workspace to suit your needs — a new intuitive user interface and more than 1200 advanced trading tools deliver a fully customizable trading experience. Level 2 data, heat maps, and backtesting are just some of the extensive trading tools offering sophisticated data analysis on the TickTrader platform, designed to help FXOpen clients create successful trading strategies. You can also make use of all the opportunities offered by advanced order types — Market orders, Limit Orders, and Stop Orders. There are also several advanced settings for these order types the platform has to offer: volume units (lot or quantity), stop levels, and slippage settings. FXOpen Company News Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 26, 2021 Share Posted January 26, 2021 ForexCup Trading Championship 2021, a contest for traders to win $50,000, is now live! FXOpen, a trusted global CFD and Forex broker is proud to announce the launch of the ForexCup Trading Championship 2021. The contest with the main prize of $50,000 runs from January 1 to December 31, 2021, and is available to all traders with active FXOpen accounts. The ForexCup Trading Championship is a one-of-a-kind contest designed to engage investors, traders, and portfolio managers in fair and reliable global competition. For an entire year, participants will compete for the title of the best and for a hefty cash prize of 50,000 U.S. dollars, which will go to whoever demonstrates the most profit at the end of the year 2021. The contest is available to anyone who has an active FXOpen ECN account. The only requirement is to have a minimum trading deposit and follow the contest rules. Participants can choose any instruments available within their jurisdictions: spot FX, Index, Commodity, Stock, Metal or Crypto CFDs. Three personalized crystal trophies are prepared for the first three places, and the trader who takes the first place will receive a cash prize of $50,000 without any additional conditions. Forex Trading Championship is a brand-new name among other trading competitions, but it has a big legacy. With the support of renowned partners, including global Forex and ECN broker FXOpen, the championship provides an opportunity for you to compete with the best and put your trading strategies to the test! “We launched the ForexCup Trading Championship to provide our clients the unique opportunity to test not only themselves but to measure and compare their trading skills against their peers, to take the coveted position of Top Trader. Ultimately, we hope this will identify and inspire the next generation of Forex enthusiasts,” Gary Thomson asserts, the Chief Operating Officer of FXOpen UK. Anyone interested can sign up now or read more about Forex Trading Championship rules and philosophy here. FXOpen Company News Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 27, 2021 Share Posted January 27, 2021 Guess the currency rate and get money! We are continuing a series of contests among our subscribers. This week we will give away $50 to those, who will provide the closest forecast for the XTI/USD pair. Full Details about the Contest on the FXOpen official page Facebook Quote Link to comment Share on other sites More sharing options...
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