February 10, 2025 – VIP Gold Signals

Forex Trading Signals: What You Need to Know About Forex Signals

Forex trading involves the riskiest form of financial market trading, considered among the most speculative. These are risky businesses in their own right, but trading forex adds a higher level of risk and uncertainty. Even so, forex trading is a multi-billion dollar industry and a worldwide phenomenon. The Forex market operates 24 hours a day, five days a week. It’s not just a financial market,but a business that involves the exchange of currency between two different countries. Forex signals, or forex trading signals, are a tool that traders use to get a sense of the current trading environment. Forex signals can help you identify the best time to enter or exit a particular trading position. If you’re just starting out, you may not know much about forex trading. However, with a little research and some exposure to this complex and often confusing market, you can learn to identify the signals that help you make money. This article lists some of the most common forex trading signals that new traders use. What is a Forex Signal? A forex signal is a particular trading tactic that, if followed, can help you make more money. Forex signals are tools that traders use to identify trading opportunities in the Forex market. Forex trading signals are not a sure thing. Rather, they provide a general idea of when you shouldenter or exit a trade based on current market trends or conditions. Forex trading signals are meant to complement your own foresight and intuition. You can get the forex signals from a variety of platforms, depending on what kind of software is used depending on your preference. You can get these forex signals via email, skype, WhatsApp or other similar mobile applications or websites. Forex signals can come from different factors, such as other currency pairs, the price of other commodities, stock prices and bond prices. The best forex signal does not only relay you to sell or to buy, but also provides you with the basic and detailed information on why the described and predicted action is the right one at the moment. Why Use Forex Signals? Forex trading signals can help you in your forex trading. Forex signals can help you identify the best time to enter or exit a particular trading position. Forex signals are based on news-based events and technical analysis or both and these signals help the trader to have a most precise buy or sell decision. A growing number offorex signal technical indicators are available for the traders to study and for identification. If you’re just starting out, you may not know much about forex trading. However, with a little research and some exposure to this complex and often confusing market,y ou can learn to identify the signals that help you make money. This article lists some of the most common forex trading signals that new traders use. How to Use Forex Signals? Forex signals can create sell or buy trades that are either automated or manual.A manual system involves you, sitting on a device, such as a computer or a laptop, looking for the signals and interpreting whether to sell the trade or buy it. An automated trading system allows you to teach the software about what kind of signals to look for and how to interpret them. It is a general observation that a lot of times, the automated system removes the psychological ability of the traders, which is a detrimental factor to a lot of forex traders. These are the tools that help you identify the best time to enter or exit a particular trading position. Now let’s discuss the main point, which is how we can use forex signals for maximum profit and positive output in your investment. Firstly, you have to make sure that you choose a good broker. Experience and reliable brokers use trustworthy platforms, which is the most important point for providing signals in a trustworthy and reliable manner. Next, you have toc hoose a proper forex signal provider. This step is actually the most difficult task than it seems to be, even though there are a high number of choices for the traders to choose from, traders who want to use forex signal providers. This is the most important step because a lot of executing trades are based upon the unreliable signals provided by the provider can result in a massive loss. You are basically putting a lot of faith in the forex signal provider, so make sure you choose a reliable source and provider. You should conduct a detailed research about the available signal providers and make a choice of a provider with a high-reliability factor and reputation. Before settling and making a choice about your provider, learn about the trading strategies and performances. There are quite a number of signal providers that offer, free trial period which you can easily subscribe to at a later stage in case you are pleased with the end result. When it comes to automated strategies provided, you can usually conduct back testing and see how the computer would have devised a strategy according to the various market trends and signals. Also, try to test the forex signal providers on a demo account before risking and using real capital; it would be a wise thing to do. The other factor is to know about the trading platforms that provide high customizing features, which can really make a difference since not all of the signal providers wille nhance your trading experience. A customizable platform will enable you to gain basic strategic measures for trading in forex. Do not forget that trading with the different currency pairs can be long term or short term. Short term signals are used in a single day and in intraday trading, while long term signals are used for several days. Keep in mind, these signals are time-dependent, so make sure that you make use of these signals as soon as you get the chance to use them. Final thoughts Forex

Is Bitcoin a Substitute For Gold?

An increasing number of people think Bitcoin could eventually replace gold as asafe haven. As big names like Elon Musk invest in Bitcoin, the term digital gold is being usedto characterize cryptocurrencies. But can BTC replace gold? A number of people believe that bitcoin could soon replace gold as safe heaven against the depreciating value of the dollar against gold. This is just speculation, but it is curious to see the exuberance of people regarding bitcoin. Besides the fact that there is a multitude of different digital coins, what’s uniqueabout Bitcoin is that its supply is fixed. Only 21 million bitcoins will ever be created in this industry. There are around 47million millionaires existing in the world; if each of them wanted to have asingle bitcoin, not all of them would be able to acquire a Bitcoin. Thesesupply limitations make Bitcoin a bullish entity. Inthis guide we’ll answer this question. Bitcoin andGold: How do they compare? What’s interesting about gold and Bitcoin is that the supply is fixed. This means theprice is directly linked to demand. This means gold has historically been used as a store of value. As such, it’s seen as a great hedge against inflation. Research has repeatedly proven that gold keeps its value extraordinarily well during recessions. This was especially true during the 2007-2009 financial crisis, when gold’s total performance was 19% and the US equity market plunged 35%. Onthe other hand, Bitcoin has no fixed supply. As such, it’s seen as a good hedge against government policies. For example, many governments want to impose negative interest rates on financialassets. Negative interest rates would make holding traditional financial assets like stocks, bonds, and cash a bad deal. However, Bitcoin is a traditional financial asset. It’s just stored digitally. As such,it doesn’t have to pay interest to anyone. How volatility affects gold and Bitcoin? If you look at the volatility of gold and Bitcoin, you’ll see that the price of Bitcoin is more volatile than the price of gold. This is the red herring of digital assets. Why is Bitcoin more volatile than gold? This is due to the fact that it’s a new asset class. As such, investors are trying to figure out how to invest in it. If you want to invest in gold, you’ve had plenty of time to research it. As such, most investors are going to invest in something that’s less volatile. Gold protects against central bank policies Many people think that gold is a good hedge against central bank policies like negative interest rates. However, this isn’t the case. What you see in the chart above is that the price of gold is linked to economic growth. This is due to demand. As such, it’s not affected by central bank policies. Bitcoinprotects against government abuse Another red herring people have with Bitcoin is that it’s a good substitute for golddue to its protection against government abuse. However, this isn’t the case either. First, governments aren’t the only ones abusing financial assets. As such, you canprotect yourself from this too. When people think about crypto currencies and Bitcoin, they often think about money laundering, financing terrorism, and other immoral activities. As such, this isa red herring. If you can’t trust the government or financial institutions toprotect your money, you don’t need Bitcoin. Can BTC replace gold? Thereare many reasons why BTC can’t replace gold. Here are a few of them: Cryptos aren’t a hedge against inflation Any asset that is prone to significant inflation cannot be considered a good storeof value. Inflation reduces the value of currency when its supply increases, something that happens frequently with crypto currencies since one can create them. The fast growth of crypto pools fundamentally erodes their value. Meanwhile, gold is somehow unaffected by inflation. In fact, its price rises during periods of inflation as investors flock to the precious metal as a safe haven. The overall crypto infrastructure Many cryptocurrencies use blockchain technology, which is a decentralized system that tracks the transaction of digital assets. To meet worldwide demand, Bitcoin relies on off-chain transactions, in which users buy and sell coins outside of the blockchain network, therefore defeating the fundamental purpose of utilizing the technology in the first place. Gold, on the other hand, is a global commodity that can be obtained safely through a number of channels, and in a number of forms. Access to gold does not require a technical backbone, and since it is so well-established, rules have been inplace for a long time to regulate how it is sold, kept, and spent. Gold has been around for ages, outlasting failing fiat currencies and surviving global market disasters, where as cryptocurrency is insecure and in its infancy. When any currency has no fundamental value and exposes people to wild volatility, it will never be as reliable as gold. As a result, although pro-crypto enthusiasts promote it as the new gold, however BTC can’t replace gold. What to look for in 2022? In short, both gold and bitcoin are expected to continue optimistic in the coming year, and there are no signs in the market that either commodity will be phased out very soon. Both gold and bitcoin perform comparable speculative roles but have significantly distinct individual qualities and application cases, making them complementary investments rather than rivals. Although more institutional money is expected to flow into Bitcoin in the coming year, this does not represent an existential danger to gold. It’s more likely that gold and Bitcoin will become tandem hedges, with prices becoming tightly tied. In other words, we appear to be facing a future with two big inflation hedges rather than one. Final thoughts With all of this volatility, we are certainly witnessing a flight to safety, but ifyou are a diversified investor, perhaps you should buy both gold and Bitcoin rather than debate which is better. By focusing on items you can control, such as your portfolio, you may share in profits while limiting your exposure in losses. ‍

What Drives Gold Prices?

Gold has always attracted the attention of investors because of its unique and important investment properties. It is considered a safe haven during uncertain economic conditions, acts as a store of value and serves as a hedge against inflation. Gold generated a cumulative return of around 360% in the 30-year period from 1990 to 2020. Despite its attractive investment properties, gold price can also be volatile like any other commodity or financial asset. ‍ If you want to invest in gold, this article will help you need to understand what drives gold prices and under what circumstances investing in gold is worthwhile. 1- Value of the U.S Dollar Because gold is dollar-denominated, its price is inversely related to the value of the U.S dollar. The inverse relationship between the two means that if the price of the U.S dollar increases, gold prices usually fall and vice versa. When the U.S dollar gets strong, gold prices come under pressure because of the subdued demand. On the other hand, a weaker U.S dollar increases the demand for gold, which tosses prices upward. 2- Industrial Demand Gold is used in different proportions in electronics, memory chips, computers, and has many other industrial applications. As per some estimates, more than 50% of the total gold demand was for jewelry in 2019, with India, the United States, and China being the largest gold jewelry consumers. Naturally, other things equal, if the demand for gold for industrial or ornamental use rises significantly, gold prices would rise. In contrast, other things equal, if demand declines significantly, gold prices would fall. 3- Investment Demand Various gold exchange-traded funds (ETFs), such as SPDR Gold Trust (GLD) and iShares Gold Trust (IAU), are among the largest gold ETFs. They hold large quantities of physical gold from their purchases of different investment instruments. As per some estimates, gold’s use for investment purposes accounts for roughly 30% of the total annual demand. Usually, when the assets under management of these ETFs rise, it prompts funds to purchase more gold that could result in increased demand for gold. In such a scenario, increase in demand can push gold prices upwards, whereas a decline in demand can pull the prices downwards. 4- Economic Conditions During economic uncertainty, recession, and high inflation, investors rush to buy gold to protect their savings from negative effects of inflation. As equities plummet, bond yields decrease, and real estate values plummet, the demand for gold increases as more and more investors buy gold, pushing gold prices up. In other words, gold acts as a safe haven for investors during uncertain and deteriorating economic conditions. Many investors allocate some portion of their investment to gold irrespective of the economic conditions to diversify and stabilize their portfolios. 5- Gold Production China, Russia, South Africa, Peru, the United States, and Australia are among the big gold producers in the world. Apart from the demand side of the equation, gold prices also move in response to supply-side gyrations. Theoretically, higher gold production can lower gold prices whereas low gold production can increase gold prices. ‍ With the bulk of gold already mined, it is becoming difficult and costly to mine additional gold. The rising cost of mining new gold is another factor that can contribute to rise in gold prices. 6- Central Bank Reserves Although paper currency is no longer backed by gold, central banks all over the world hold some reserves of gold along with foreign exchange reserves. Central banks of the United States, Germany, and Italy are among the largest holders of gold reserves. The International Monetary Fund also holds one of the largest reserves of gold. A significant increase in gold demand by central banks can increase gold prices if other things remain equal. Some central banks often increase their gold reserves and start buying gold bullion, which can temporarily increase demand for gold and push the prices up. Conclusion Despite numerous advantages of investing in gold, its price can be volatile as different factors influence it. To invest in gold profitably, you need to know the factors that move its price. The value of the U.S dollar, industrial demand, investment demand, economic conditions, gold production, and central bank reserves are some of the major factors that mostly move gold prices. In this article, we looked at these factors in isolation, but in the real-market scenario, multiple factors influence gold prices simultaneously. So, you need to analyze different factors to find out what is actually moving gold prices. ‍ Gold has always attracted the attention of investors because of its unique and important investment properties. It is considered a safe haven during uncertain economic conditions, acts as a store of value and serves as a hedge against inflation. Gold generated a cumulative return of around 360% in the 30-year period from 1990 to 2020. Despite its attractive investment properties, gold price can also be volatile like any other commodity or financial asset.

Gold in times of inflation

As the global economy recovers from the pandemic, many investors are concerned about the relatively unfamiliar idea of rising inflation, especially in the US, where investors have been accustomed to low inflation levels for more than three decades. You often hear or read that gold provides a hedge against inflation. And this is one of the biggest concerns for investors right now as they flock to safe-haven assets. In this guide, we’ll talk about is gold really a hedge against inflation and should you be investing in it? What is inflation? Before we delve into details, let’s start with the basics of inflation. Inflation is defined as a long-term increase in the pricing of goods and services. It equates to a fall in the purchasing power of your money. As a result, it requires more currency units to buy the same product. Gold and inflation, a look back According to a World Gold Council analysis based on data dating back to 1971, gold has returned 15% per year on average when inflation has been greater than 3%, compared to just over 6% per year when inflation has been less than 3%. When we analyze the evidence more closely, we get a different scenario. For example, suppose we consider not only year-on-year changes but also movements in both directions. In that case, we can see that, while gold appears to be a decent hedge against inflation over the long term, its abilities in this regard are less conclusive over shorter periods. Is investing in gold the right option during inflation? As many investors seek haven in gold during inflation, history suggests otherwise. In principle, an investment that hedges against inflation would rise with the rapid rise in consumer prices. However, during some of the most recent periods of excessive inflation, gold provided a negative return to investors. For example, investors profited greatly from 1973 to 1979, when yearly inflation averaged 8.8 percent. As a result, gold returned an astounding 35%. On the other hand, investors lost 10% on average from 1980 to 1984, when annual inflation was 6.5 percent. So, why do we see an increase in prices? There are two factors for the rise in Gold price during inflation or uncertain times. Fear/opportunity is the one factor that drives the prices of gold. During economic downturns, investors rush to gold. Gold prices surged during the Great Recession, for example. However, gold had already increased until 2008, approaching $1,000 per ounce before dropping below $800 and then bouncing back and climbing when the stock market bottomed out. Nonetheless, gold prices climbed even as the economy improved. Due to many geopolitical issues, including Brexit, and the US-China trade war, the precious metal has been in surge mode since the end of 2018, a phase that remained until mid-2020 due to the COVID-19. In March 2022, gold hit an all-time high of $2074 because of the ongoing global inflation and the Russian-Ukrainian war. Another element driving the price increase is gold’s positive price elasticity. This effectively implies that when more individuals purchase gold, the price rises with demand. It also implies that there are no underlying inflationary factors influencing the price of gold. If investors begin to flock to gold, the prices go up regardless of the economic situation or monetary policy. What factors do you need to consider other than inflation? The rise and fall of gold prices depend on various factors. While gold provides a good hedge against inflation, there are several factors you need to consider before investing. Supply and demand Because global demand for gold remains high, especially in the jewelry and industrial sectors, its price is influenced by the fundamental supply and demand principle, which states that when demand is high, prices rise. Value of USD Because gold is a dollar-denominated precious metal, the value of the US dollar has a direct impact on its per-ounce price. As a result, gold prices tend to fall when the dollar appreciates, and vice versa. Geopolitics Because gold is regarded as a safer investment by investors, its demand can skyrocket during times of global crises or geopolitical upheaval. In terms of economic viability and stability, metal outperforms all other assets. Because gold’s acquisition and output costs are rarely affected by significant fluctuations, the element is extremely durable, and supply is sufficient to comfortably fulfill demand. When to start investing in gold? As dependable as gold is as a long-term store of value, the gold price is sometimes volatile in the short term. Moreover, because of its dual purpose as a rare commodity and a store of wealth, the evolution of the gold price is influenced by a far greater number of factors. As an investment safeguard, gold may so disappoint in the near run. A rising inflation rate certainly increases demand for gold, but other factors might negatively influence the gold price. So, when is the best time to buy gold? The answer is always – as long as you’re in it for the long run. Gold’s strongest asset is its impact on a portfolio, even though it looks not a perfect hedge in terms of inflation. However, when coupled with a range of assets, gold’s performance begins to shine. Historical pricing data may also assist investors in determining the best time to buy gold based on demand. For example, when a weakening US dollar caused the gold price to fall in the past, when did it begin to climb again when demand increased? Such analysis can help show the optimal moment to buy to get the most value from your gold. Understanding past gold prices allow you to develop predictions about the metal’s future path and make more educated decisions about whether to buy and sell. Final thoughts In the long run, gold should retain its value in the face of inflation. However, it may or may not be an effective hedge in a shorter timeframe. ‍ ‍

What are Futures in Trading

There is a vast catalog of different types of trading, so when choosing one that fits your lifestyle, it’s important to know which type of trading will grant you greater rewards over time. One of these types of trading is Futures Trading. It’s widely known in the financial world, but there are many traders that don’t understand the basic properties and the main concepts to trade with futures. What is futures trading? “Futures” are what we call a financial contract or agreement to buy or sell a specific asset, option, security or crypto at a future date at a set price. You can trade in the futures exchanges or any broker’s account that offers you this trading service. Once you start trading futures, you’ll soon notice that you can take profits from buying or selling contract assets in a short, medium or long term. This happens when a future contract is finished, so the buyer has the obligation to buy or receive the underlying asset, and the seller has the obligation to provide or give the asset or underlying asset. Why trade futures? Future Trading has become widely known among the trading community because they can speculate the price movement of a specific asset -and buy or sell the asset afterwards-. When trading futures, there are many features, advantages and benefits traders can have the opportunity to receive such as leverage, diversification and flexible policy taxes that, apart from other stock markets, the possibility to have these benefits are highly low or almost non-existent. 3 advantages by trading futures 1. It’s an efficient and fair trading system For instance, it becomes unpredictable to know for sure the Federal Reserve’s next financial move unless you have an insider that leaks essential information that can sway a trader’s contract. This way, it becomes an unfair system to all traders. So, when investing money on futures contracts, the market has a tendency to trade market aggregates, for it is difficult to actually know the outcome of the trade. 2. Speculation can make you earn money fast When an investor starts to acknowledge good judgments towards its trades, this means the trader can make money unbelievably fast. Trading futures is similar to a betting system where you have to assess every possible outcome in every possible situation to earn or even double your investment. This is where it gets tricky. Having only knowledge and experience towards the future contracts doesn’t necessarily mean you will win every single time since futures are high-risk investments of money. If you apply stop-loss orders you can minimize the chance of losing money, but the opportunity to lose all your investment is likely proven. 3. Be a trader with a Low Capital This is another reason why trading futures is greatly admired. Traders who don’t have a maximized high capital to their owning can still have an opportunity to win contracts safely. By trading mini future contracts -such as the mini-Sp500 or mini-Dax-, traders can increase their chance to make the market work in their favor even with a low capital. If you compare Future Contracts to the Stock Market, trading futures is cheaper. Its low-fee cost is a good choice to start into the Future Contracts business. Are you up for it? There is a vast catalog of different types of trading, so when choosing one that fits your lifestyle, it’s important to know which type of trading will grant you greater rewards over time. One of these types of trading is Futures Trading. It’s widely known in the financial world, but there are many traders that don’t understand the basic properties and the main concepts to trade with futures.

Why trade and invest in gold?

Days go by unbelievably fast, and so does the gold trading and investing community around the world. ‍Gold is a rare and unique asset in finance due to its highly liquid profile. Many traders trust in gold investments, for it’s trustworthy as much as it’s a future-holding investment. Indeed, gold investment or trading is great, when the world has political or economic times of uncertainty like this. ‍The high inflation levels in the past forty years, the crisis on the supply chain, and the bad decisions inside the federal reserve, all made the perfect weather to start an economic storm, and the haven gold or trading with this asset is a solution to this pandemic. ‍Here are 3 reasons why investing in gold should be a good decision for your financial future: ‍ 1. Gold’s value is still intact. Even though many years have passed, gold managed to hold tight its value through decades. This is why traders and investors trust in gold to preserve their wealth. Gold is an asset that has helped for so many years support the money value, with the recognized gold pattern. ‍For the last three decades this pattern doesn’t exist, but the central banks from economic potential countries, still accumulate this precious metal, preparing for a potential crisis for the future. ‍Also, there are stable coins in the crypto world, as USDT call Tether, that has gold reserve to support the native token’s value. ‍ 2. Gold value accommodates in times of geopolitical crisis. When governments power and decision-making status are low, gold prices are often rising. This is one of the reasons why people turn to gold investing to save their finances. ‍If inflation rises, the gold increases its value, because so many investors buy it and hold it, for it doesn’t lose the economic capacity to their fiat money counterpart like the USD. ‍But this kind of macroeconomic information, can be used to make a good trading decisions, such as buying gold. Also, it’s important to know that trading gold and investment are different, read below and know more about it. ‍ 3. Increased demand. In crisis periods like this, gold becomes a favorite investment for many traders. As much as there are emerging economies in the making, gold finds its way to hold on to the top of boosting demand economies. What do you prefer Trade or Invest in gold or both? ‍

3 Advantages of being a forex trader

Forex market is the place where the most profitable traders inhabit, as also the greatest financial market in the world. If you are in it, you may know the story of Georges Soros, and how he earned billions of pounds sterling, by bankrupting the England’s Bank. Soros is an iconic forex trader and he knows the benefitsand advantages to being a forex trader. Forex is the most traded market in the world. That’s the main reason that you should consider to become in a professional trader. However, you have to understand how it works and how totake profit from it. Forex is the most volatile and more liquidmarket in the world, for it is the home to the Central Banks and the FederalReserve. Every decision, made by these institutions directly affects theforeign exchange market and the price action. In this post you’ll know the advantage ofbeing a forex trader, and how to take it. 1. Forex is a 24/5 open market Forex market has an essential advantagewhich is the possibility to trade 24 hours long. Forex market, hasn’t thestrict schedule as the New York Stock Exchange, it is a more accessible marketto all traders around the world. Trading hours start from Australia’smorning time and close in the US hours, so forex market never closes. This 24/5 markets open means flexibilityfor your trading plan. No matter, the part of the world from you does trading,you can adapt your system to your daily lifestyle. 2. The Spreads and Commissions are lower than other financial markets Forex market fees cost are cheaper thanother financial markets. Indeed, forex market is a low-cost place when comparedwith Stock market. This advantage is great primarily when you want to starttrading with a low capital. Low fees costs exist due to the mainreserves that are a spread within forex brokers themselves in order to managethe risks in every position. This means that the position has two prices, a bidand an ask price. The difference between them is the broker’s gain. 3. You can take huge leverage and increase your earnings Leverage is a trader’s secret tool to getinto the forex market when necessary. A Forex trader can take profit from smallvariations into currencies pair prices, and win or lose money by strategicallyusing the leverage. Leverage represents risks which means apotential loss of your money, therefore it’s necessary to understand how itworks. This is important when you have a negative performance and need tomanage the risk in a particular position. If you want to make profit from a tradingpath, you need the leverage, but don’t expose your account with a high leverageas 1:2000. This kind of risk will make the market to never pay you. This isparticularly true if you have low capital. So, we recommend a leverage up to 1:200,and if you are new into this profession, take the low leverage offer by yourbroker. Finally, these 3 advantages put the forextrading as a great market where you can begin trading and learning how thefinancial markets work. What other advantage do you know? Let me acomment below.

GoldTip: Pros and Cons of Day Trading Crypto

Money doesn’t grow on trees, and cryptos are no exception. As we all know, any investment in Crypto ishigh risk, high reward. So, investors should be aware to consider the possibility of losing their investments in a short time. However, Day Trading is a trending topic in the investment scene where you don’t need much experience to put money on a bet and generate rewards faster than ever. If you’re thinking to Day Trade, you have to be careful not to take it lightly. Every wrong move can mean financial consequences turned into losses if you’re not fully aware of the risks involved. So that’s why we’re here to give you our Golden Tips of the Pros & Cons of Day Trading. Are you ready? Pros of Day Trading ● Anyone that owns a crypto exchange account can freely day trade. There are no barriers that preventyou from creating an account, verify your identity, fund your account, and then start trading. The opportunity to join the crypto market and interact with other investors or day traders is right there. ● If you do Day Trading, crypto transactions are very cheap. This happens due to the absence of government taxes and fees: a decentralized market. Cryptocurrencies and the blockchains are designed to keep users on a low profile (meaning anonymous in terms of security) which allows them to process payments without intermediaries. ● Apart from the Stock Exchange Markets, Crypto Markets are open 24/7 to buy and sell at anytime, any day, and anywhere. When you enter the Crypto Market, you have the luxury to trade when it best suits you rather than it suits the market. Cons of Day Trading ● Even thoughit’s really easy to start trading cryptos, the most inexperienced one cansimply incur catastrophic losses as they can gain profits. The more you learn, the better you’ll know how to manage your investments and decrease the probability to lose. ● Not only with Day Trading but other trading strategies, you could fall victim to a pump-and-dump scheme when trading cryptocurrencies. This might happen when a group of people coordinate to artificially pump up the price of acryptocurrency in order to attract inexperienced and unsuspecting traders. After the traders invest their money, the coordinated group of people take the price out and take all the profits. ● Sometimes,having a 24/7 open market can be a double-edged sword. The nature ofcryptocurrencies is to make predictable patterns to have profitable earning most of the time, but when the market continues to move non-stop, it becomes almost impossible to predict some successful patterns. Then, Day Traders may find themselves looking for the right time to execute a trade longer than they expect, and their day sessions might turn into night sessions. Nonetheless, when you make the decision to start trading no matter the strategy you choose, it means you’re taking your inances into a new investment level where great things can happen if you learn how to move with the trends. ‍

What makes a good forex broker?

‍A good broker will have a range of accounts to suit different trading styles and budgets. They will offer in-depth market analysis to give traders a feel for what’s going on, and the best ways to make money from it. They should also provide educational resources, including video tutorials and reading material, in order to help you master the basics before you start trading for real money. Here are our five pillars of what makes a good broker. 1. Low Spreads and Fees ‍A good forex broker should offer competitive spreads that minimise the impact on your returns from price movements when buying or selling currency pairs. Spreads of between 0.5 and 2 pips are good, but spreads of below 1 pip are preferable. 2. Exceptional Customer Support ‍A good forex broker should provide support that is both fast and exceptional. If you need to cancel your order or close a trading account, they should do so without delay or difficultly, or they should offer a decent cancellation fee. Support should also be available 24/7 if you have an emergency. A good broker will have a wide range of customer service options. All of them should be able to answer you when you call, with the option to wait in queue if necessary. They should also send email messages and provide live chat support, because most traders prefer to communicate with real people rather than automated services. 3. Fast Withdrawals A good forex broker should not hold your funds for more than 24 hours, because some traders do not want the risk of the exchange rate moving against them overnight. A good broker should also use a safe and secure platform, and not work with unlicensed, unregulated or rogue third-party providers. 4. Good Trading Environment A good forex broker will provide the tools you need to help you make money. In addition to price charts and real-time currency quotes, some of the best brokers will provide you with advanced options trading tools, such as graphical indicators and pattern recognition software. They may also provide stock charts for related markets such as commodities and bonds. A good forex broker will offer a simple and intuitive trading platform that provides a range of charting tools, such as candlestick charts and oscillators. Some brokers will also provide technical analysis tools, such as pattern recognition software and indicator systems. 5. Regulated A good forex broker should be regulated by a financial authority, such as the FCA in the United Kingdom, ASIC in Australia or CySec. This means that it will be subject to regular audits and checks, so that you can be confident that your money is safe. This also means that your broker will have to provide financial information to the public, making it easy for you to compare prices. Who ticks all the boxes ? Eightcap has been our primary broker for our trading accounts for over two years. As traders of XAUUSD primarily we find the spreads on all assets to be the most competitive and especially for XAUUSD (Gold) the trading conditions are unparalleled. We regularly see less than 1 pip on a standard account with 0 commissions. Which is rare to see, spreads this low usually come with hefty commissions. Customer support and withdrawals are quick efficient and timely. Most importantly helpful, this combined with the fact that they have an MT4 and MT5 platforms with crypto CFD’s on the latter make it a versatile broker. Innovation and standing out is important too, a broker that cares about their customers also tries to innovate and we have seen some interesting services come out of the works such as Capitilise.ai, a no coding necessary AI powered trade automator, yet another tool to add to your trading tool box.

Daily Archives: February 10, 2025