₦airaland Forum

https://www.wikifx.com/en/newsdetail/202212215484703938.html?gip=TGme13

Abstract：Did you know that the Forex market, which sees daily trades of more than $5 trillion, is the largest financial market in the world? In addition to enabling trading between corporations and central banks, as well as travel to new places for vacationers, it also enables speculators to profit from a market that is open five days a week, twenty-four hours a day.

　　Did you know that the Forex market, which sees daily trades of more than $5 trillion, is the largest financial market in the world？ In addition to enabling trading between corporations and central banks, as well as travel to new places for vacationers, it also enables speculators to profit from a market that is open five days a week, twenty-four hours a day.

　　Knowing how to spot a scam is the best defense. WikiFX gives traders all the knowledge they need to avoid fraud. Trades may rate and evaluate any broker in the globe on WikiFX. The Play Store and App Store both sell the WikiFX app.

　　The ability to enter the global currency market has also never been simpler. You may trade on the direction of the Euro, British pound, Japanese yen, US dollar, or even the Russian Ruble with only the touch of a button! There are countless currency combinations available for trading, giving you a wide range of options to choose from.

　　Many people wonder if they can become wealthy through forex trading. Despite appearing attractive, trading on the forex market cannot be regarded as simple. It is crucial to have a solid background in trading, a trading account that is well filled, and knowledge of risk management strategies.

　　Unfortunately, a lot of dishonest persons will attempt to con others through Forex trading scams. As long as there is a forex market, there will be forex scams. Scammers are constantly attempting to take your money as schemes change. But is there a way to fix this issue？

　　There are many distinct types of investment fraud. Some of the schemes have even been given their inventors' names, like the classic Charles Ponzi-inspired Ponzi scheme. Forex scammers sometimes prey on inexperienced or untrained traders. Getting a solid education in Forex trading before you trade is the greatest way to avoid becoming a victim and being conned.

　　To get you to part with your money, forex fraudsters frequently offer “too-good-to-be-true investment opportunities.” Swindlers will try to take advantage of your optimism, your anxieties, and your lack of experience when you don't have any trading experience. Knowing the markets makes you less vulnerable to attack.

　　How to Recognize Scams

　　Many people are questioning themselves, “Is Forex a pyramid scheme？,” due to the wide variety of scams out there. No, Forex is not a pyramid system in and of itself. However, there are a variety of scams in the forex trading industry. The most telling sign that someone is a Forex con artist is when they promise to make extraordinarily huge gains with little to no risk to their money.

　　There is no such thing as a 100% guarantee, to start with. If there was, dealers would never divulge information to other market participants. Some of these offers could seem quite alluring, particularly to novice traders. But as the phrase goes, the mousetrap holds the only free cheese. The general rule is that anything that seems too good to be true probably is.

　　Check out this video from professional trader Paul Wallace for more information about the trading “dream” that many con artists promote and the day-to-day realities that most traders face.

　　To steer clear of con artists, go by these straightforward rules:

　　Keep yourself secure and avoid chasing after phony promises.

　　Particularly watch out for software that suggests it has discovered a “secret formula.”

　　Installing software should only be done after being confident it won't harm your machine.

　　Another red flag is the fact that con artists never register with any regulatory body. Remember, reputable brokers are always willing to show their credentials. You can get in touch with a regulatory body to ask for a list of regulated companies and a list of charges filed against regulated organizations if you think a Forex broker is lying about their regulatory status. You can learn which Forex brokers to avoid from this.

https://www.wikifx.com/en/newsdetail/202212201644730925.html?gip=TGme13

Abstract：December 25 is about to come. During that day, billions of people across the world will celebrate as it is one of the most important festivals—Christmas. Christmas is an annual western festival commemorating the birth of Jesus Christ, and forex traders seem to be buzzing to start forex trading. Should you trade forex during Christmas? How much can you earn if you trade forex during Christmas?



　　December 25 is about to be out of the calendar. During that day, billions of people across the world will celebrate as it is one of the most important festivals—Christmas. Christmas is an annual western festival commemorating the birth of Jesus Christ and forex traders seem to buzz to start forex trading. Should you trade forex during Christmas？ How much can you earn if you trade forex during Christmas？

　　The important elements that affect the quality of forex trading are liquidity and spread.

　　During Christmas, the banks will be closed. There is a lack of liquidity in the forex market. The lack of liquidity can cause the spread to increase. It is a difficult time for investors to trade forex, although, in some regions, the forex market is open for trading all through the season. During public holidays, transactions decrease significantly, which leads to very low volatility. Most brokers are unavailable during public holidays.

　　Forex trading is not conducted at a single central location; it is conducted between participants in different markets around the world using phones and ECNs (electronic communication networks). Nowadays, due to the availability of internet connections, it becomes easier for a brand new trader to trade on the forex market. Due to the fact that forex trading via the internet is among the most modern and reliable methods of trading. It is a high possibility that you will earn little during this festival.

　　The volumes of forex trading will be very low as many people prefer to spend time with their friends and family during Christmas.

　　Some brokers may use Christmas as an opportunity to hold promotional events. But they usually do it earlier. In this case, some brokers offer bonus strategies to lure traders to invest. However, you will never know the reliability of this broker if you do not check the information behind it.

　　Some experienced traders may consider this as a great opportunity to enhance their trading results. However, we advise newbies and inexperienced traders to delay the trade until after Christmas. Nevertheless, the Wikifx platform remains open and accessible to all users and traders during this season. And Wikifx articles and news updates will still be posted daily for you.

　　After all, it may not be a good time to trade forex during Christmas. Luckily, the holiday does not last too long. The forex market will come back to the usual after that.

　　WikiFX tends to give some tips to traders regards to trading during Christmas.

　　1. Take some time to relax

　　2. If “black swan” events occur and trigger a flash crash, adjust stop losses to account for the dip in volatility.

　　3. You should be more cautious when setting profit targets since stocks or currency pairs might move within tight ranges, and traders will be quick to pile on the gains.

　　4. When you see some brokers launch bonus activities during Christmas, remember always check those brokers information on WikiFX before you choose them. After all, scam is everywhere in the forex industry.




Abstract：December 25 is about to come. During that day, billions of people across the world will celebrate as it is one of the most important festivals—Christmas. Christmas is an annual western festival commemorating the birth of Jesus Christ, and forex traders seem to be buzzing to start forex trading. Should you trade forex during Christmas? How much can you earn if you trade forex during Christmas?

img_v2_4f1f3a79-4dd6-4d09-a493-a61b33e5a73g.jpg
　　December 25 is about to be out of the calendar. During that day, billions of people across the world will celebrate as it is one of the most important festivals—Christmas. Christmas is an annual western festival commemorating the birth of Jesus Christ and forex traders seem to buzz to start forex trading. Should you trade forex during Christmas？ How much can you earn if you trade forex during Christmas？

　　The important elements that affect the quality of forex trading are liquidity and spread.

　　During Christmas, the banks will be closed. There is a lack of liquidity in the forex market. The lack of liquidity can cause the spread to increase. It is a difficult time for investors to trade forex, although, in some regions, the forex market is open for trading all through the season. During public holidays, transactions decrease significantly, which leads to very low volatility. Most brokers are unavailable during public holidays.

　　Forex trading is not conducted at a single central location; it is conducted between participants in different markets around the world using phones and ECNs (electronic communication networks). Nowadays, due to the availability of internet connections, it becomes easier for a brand new trader to trade on the forex market. Due to the fact that forex trading via the internet is among the most modern and reliable methods of trading. It is a high possibility that you will earn little during this festival.

　　The volumes of forex trading will be very low as many people prefer to spend time with their friends and family during Christmas.

　　Some brokers may use Christmas as an opportunity to hold promotional events. But they usually do it earlier. In this case, some brokers offer bonus strategies to lure traders to invest. However, you will never know the reliability of this broker if you do not check the information behind it.

　　Some experienced traders may consider this as a great opportunity to enhance their trading results. However, we advise newbies and inexperienced traders to delay the trade until after Christmas. Nevertheless, the Wikifx platform remains open and accessible to all users and traders during this season. And Wikifx articles and news updates will still be posted daily for you.

　　After all, it may not be a good time to trade forex during Christmas. Luckily, the holiday does not last too long. The forex market will come back to the usual after that.

　　WikiFX tends to give some tips to traders regards to trading during Christmas.

　　1. Take some time to relax

　　2. If “black swan” events occur and trigger a flash crash, adjust stop losses to account for the dip in volatility.

　　3. You should be more cautious when setting profit targets since stocks or currency pairs might move within tight ranges, and traders will be quick to pile on the gains.

　　4. When you see some brokers launch bonus activities during Christmas, remember always check those brokers information on WikiFX before you choose them. After all, scam is everywhere in the forex industry.

https://www.wikifx.com/en/newsdetail/202212192524427303.html?gip=TGme13

Abstract：Binance Futures is now linked with TradingView, a professional charting and trading platform, allowing users to do technical and fundamental research as well as trade using charts without leaving the site.


　　The connection was revealed in a blog post on Thursday by the world's biggest crypto exchange, emphasizing that it enables customers to handle their transactions easily and learn new methods with an active community.

　　Binance clients who utilize TradingView may now trade USDS-Margined futures perpetual and delivery contracts straight from TradingView's browser and desktop applications. They may have access to more services by just logging in with their Binance accounts.

　　“With this integration, users with a Binance Futures account will be able to log in and trade nearly 200 crypto perpetual futures pairs on Binance Futures' exchange directly from the TradingView charts, as well as take advantage of numerous unique benefits — the exchange leads the market in derivatives trading volume and liquidity, offers 24/7 Customer Support in various languages, and provides an array of amazing benefits through the Binance VIP program,” the release continues.

welcoming-binance-to-tradingview-cover.png
　　According to the web-based charting service, registered customers may see a list of possible broker partners by scrolling down. Then, consumers may search for the Binance icon, enter their exchange credentials, and begin enjoying new prospects, according to the business.

　　The cooperation might increase interest in Binance's offering after it was forced to shut its futures and derivatives product in numerous countries due to a mounting regulatory crackdown. The powerful exchange has been under increased regulatory scrutiny in Europe and Asia because of worries about investor safety and compliance.

　　During the worldwide epidemic, bitcoin derivatives gained appeal among individual investors, forcing authorities to intensify their surveillance of Binance and other platforms, despite the fact that most cryptocurrency trading is uncontrolled.

　　Futures and options are both ways for investors to wager on the trends of a cryptocurrency's price without actually holding the underlying coin, which avoids legal and custodial difficulties. Futures, on the other hand, are generally riskier than options since the only financial responsibility for the latter is the premium paid at the time of purchase. Futures contracts, on the other hand, carry the most risk.

https://www.wikifx.com/en/newsdetail/202212153794331010.html?gip=TGme13

Abstract：This week, Germany's top regulator urged for worldwide regulation of the cryptocurrency business in order to safeguard consumers, combat money laundering, and maintain financial stability.


　　This week, Germany's top regulator urged for worldwide regulation of the cryptocurrency business in order to safeguard consumers, combat money laundering, and maintain financial stability.

　　The head of Germany's financial market regulator BaFin, Mark Branson, said that a hands-off attitude that would “simply let the business expand as a playground for adults” was the incorrect strategy.

　　“We've glimpsed the world of self-regulation. It's not going to work” On Tuesday evening, Branson told media in Frankfurt.

　　Hours earlier, US authorities accused Sam Bankman-Fried, creator of cryptocurrency exchange FTX, of misappropriating billions of dollars and breaching campaign rules in what has been characterized as possibly one of America's greatest financial scams.

　　According to Branson, a “crypto spring” may follow what has been a “crypto winter,” but the sector that develops will likely have greater ties to regular banking, raising the need for regulation.

　　“The moment has come for meaningful cryptocurrency regulation,” he said.

　　“The most crucial argument is that a European solution is not required. It requires a global response.”

　　The industry's regulation has been patchy and haphazard.

　　Banks in Germany must get permits to deal with cryptocurrencies.

　　The European Union has been working on new Markets in Crypto Assets Regulation (MiCA) that some, like European Central Bank President Christine Lagarde, feel would need to be widened out in a future version and labeled “MiCA 2”.

　　Branson has previously expressed reservations about the industry. Last month he noted in an interview on the ECB's website that “not all crypto business ideas are genuine”.

　　“As we all know, waves of innovation bring with them freeloaders and criminals,” he remarked.

https://www.wikifx.com/en/newsdetail/202212128414798008.html?gip=TGme13

Abstract：Next year, growth is likely to be weaker, inflation will be lower, and rate hikes will end. The U.S. will miss a recession by a hair, Europe will shrink, and Asia will show signs of growth.

　　With too much consumer demand after COVID, too much inventory in stores, and the fight against inflation continuing to slow growth in 2023, Morgan Stanley thinks that global GDP growth will peak at just 2.2%, just enough to avoid a recession but less than the 3% growth expected for 2022.

　　The world's inflation will peak in the fourth quarter of 2022, which is good news. In fact, slowing demand, price discounts due to high inventories, and falling housing prices, among other things, will help keep inflation in check. This, in turn, should make the major central banks stop and think about their recent historic string of rate hikes.

　　Other important things to know about the world economy in 2023 are that the

　　-U.S. economy will grow by 0.5% and stay in the same place.

　　-Europe and the UK are likely to see their economies shrink.

　　-The economies of emerging markets should slowly get better.

　　Inflation and central-bank action will impact 2023 economic development.


　　The last 12 months have seen the fastest Federal funds rate increase since 1981 and the fastest ECB rate increase since the Eurozone's inception, says Morgan Stanley's Chief Global Economist Seth B. Carpenter. As consumer goods supply chains recover and labor markets smooth out, inflation could fall sharply and broadly, easing policy and boosting global economy.

　　Our 2023 view is nuanced, with few huge shocks. Regional differences can be considerable. Asia could offer green shoots for development, especially in India, and emerging market economies could profit when the Fed finds its peak rate and the dollar eases.

　　U.S.: Soft Landing, Weak Recovery

　　All eyes are on U.S. consumer prices, which are growing 8.2% YoY but on track to rise just 2.4% by 2023.

　　Slowing GDP and inflation may cause the Fed to stop raising rates. Ellen Zentner, chief U.S. economist, expects the goal range to peak at 4.5% to 4.7% in January 2023, then drop steadily through 2024. In this scenario, the U.S. economy should have a soft landing and moderate comeback, instead of a hard landing and rapid recovery.

　　Zentner adds that despite the Fed lowering its balance sheet by not replacing maturing government bonds, “we do not expect active sales.” Since the housing market has already declined, selling mortgage-backed securities risks being excessive.

　　While corporations have delayed hiring, lean payrolls and problems filling qualified positions argue against massive layoffs in 2023. Net job increases have slowed, and a moderate boost in labor force participation would likely result in a somewhat higher (but healthy) unemployment rate of 4.3% in late 2023.

https://www.wikifx.com/en/newsdetail/202212133374388878.html?gip=TGme13

Abstract：Many traders who engage in Forex trading treat this full-fledged company as if it were a bet, which is obviously unfavorable. It may appear that there are many similarities between forex trading and gambling. It primarily concerns probability games in both situations. However, the opposite is true because this is the very area in which they differ drastically. We could argue about whether this is true or false for hours, but let's consider the situation from a practical standpoint instead. Let us give you a few illustrations to demonstrate why trading forex is not gambling.

img_v2_c3a080cf-99d5-4263-88aa-a571317d42fg.png
　　Many traders who engage in Forex trading treat this full-fledged company as if it were a bet, which is obviously unfavorable. It may appear that there are many similarities between forex trading and gambling. It primarily concerns probability games in both situations. However, the opposite is true because this is the very area in which they differ drastically. We could argue about whether this is true or false for hours, but let's consider the situation from a practical standpoint instead. Let us give you a few illustrations to demonstrate why trading forex is not gambling.

　　WikiFX removes the element of chance from trading. Before using a broker, traders can rate and review them on WikiFX, a forex broker enquiry app. Both the appstore and playstore offer the WikiFX application.

　　French roulette versus trading

　　European roulette

　　Everyone who has ever indulged in some form of gambling has probably come across the infamous French roulette.

　　A player receives a payout in the ratio of 1:36 (36 times the amount bet) if they correctly guess a number, so if we take into account probability theory, the playing area consists of 37 numbers, including zero. Given that a player loses an average bet after 37 rounds of play, it is already obvious that they will always be at a disadvantage.

　　Trading

　　In contrast, traders are typically not at such a disadvantage when they engage in trading. Any position a trader opens will have the same chance of making a profit as losing money if they proceed entirely arbitrarily and do not research the markets. Because of this, trading differs significantly from gambling in that it does not automatically disadvantage the trader from the start. Instead, the probability of success is ultimately influenced by the trader's own abilities and skills.

　　Why do some people still view trading as a gamble？

　　Using unsuitable brokers when trading (MM, DD)

　　MarketMaker (MM) or DealingDesk (DD) are brokerage companies that, as their names imply, are active market makers. As a result, these brokerage companies frequently act as counterparties to trades that their own clients execute. Therefore, if a trader makes money, these brokers lose money. This frequently directs DD and MM brokers to the methods employed by gambling businesses, and traders regrettably eventually come to believe that trading is merely a cloaked form of gambling.

　　The position of trading at a chance level

　　Blind trading, or trading without conducting any kind of analysis or developing a detailed plan, frequently leads to both rapid and uncontrollable trading losses and the big unknown. Gamblers frequently exhibit similar behaviors. Even though they typically follow a method, a thorough market analysis would reveal that it is extremely challenging, if not downright impossible, to be successful in that gambling “market.” One of the first tasks required is creating analysis and a strategic plan for marketplaces like gambling, forex, and others. We can only determine whether the market is appropriate for us and our strategy through this.

　　Conclusion

　　There you have it, then. The appropriate decision and personal attitude, in addition to probability, have a big impact on traders and whether they view trading as gambling or not. Let's sum up this article by stating:

　　“While the casino is always the primary architect of luck in gambling, the trader himself controls luck in trading.”

https://www.wikifx.com/en/newsdetail/202212086694981874.html?gip=TGme13

Abstract： The FBI on Wednesday arrested Rikesh Thapa and alleged his crime of stealing 1$ million from the "victim company" in Sothern California. The prosecutors claimed that Rikesh Thapa used this money for his personal use.

　　Last month, the famous crypto exchange FTX filed for chapter 11 bankruptcy protection. Following FTXs downfall, BlockFi also declared bankruptcy. The uncertainty in the crypto industry has become serious like never before. The entire crypto world is bearing a cold winter as a series of bad issues took place in the industry recently.

　　About Blockparty

　　According to its website, Blockparty was founded in 2017 by Thapa along with Shiv Madan and Vladislav Ginzburg. Headquartered in New Jersey, Blockparty began as a platform for blockchain-based event ticketing, and launched a marketplace for non-fungible tokens or NFTs in 2020, according to the company's website.

　　NFTs are blockchain-based assets representing a digital file such as an image, video, or item in an online game. They exploded in popularity in 2021, as crypto-rich speculators rushed to cash in on rising prices, but sales volumes have slumped in recent months.

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　　Rikesh Thapa and Fraud Cases

　　Rikesh Thapa, 28 years old, was the co-founder and chief technology officer of Blockparty. Thapas LinkedIn profile lists himself as a founder and CTO for Blockparty from Oct. 2017 to Dec. 2019. According to Reuters, the Federal Bureau of Investigation (FBI )on Wednesday arrested Rikesh and alleged his crime of stealing 1$ million from a company in Sothern California. The prosecutors claimed that Rikesh Thapa used this money for his personal use.

　　The prosecutors said in the indictment on Wednesday. Thapa used this money to consume nightclubs, touring, clothing, and other personal expenditure. In addition, Thapa also has been accused of stealing Bitcoin. In order to cover his crime, he was believed to deleted the CEOs email account.

　　Thapa defended that he used this money for “safekeeping”. However, if convicted of wire fraud, Thapa could face up to 20 years in prison.

　　Blockparty has enjoyed a decent reputation in the industry. But the current case will undoubtedly have a huge negative impact on the company, which will no doubt make many investors who trade with this company disappointed.

　　More Thoughts

　　It is obvious that Thapa detrays the trust of his company and he will pay for what he did. On the other hand, the current cryptocurrency market is still shrouded in shadow, and investors' doubts about crypto exchanges have not gone away. This fraud case has again dealt a heavy blow to the crypto world.

https://www.wikifx.com/en/newsdetail/202212083914476038.html?gip=TGme13

Abstract：Crypto in 2023 may be relatively calm, as integration continues in a less overtly hyped manner. There may be developments around token-gated verticals, politics and regulation, and rebranding.

　　As we approach the end of 2022, its safe to say that anyone who has been involved in crypto lately will not miss the departing year, but may be quietly optimistic that 2023 can, at least, not recreate the catastrophes of the twelve months just gone.

　　Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry!

　　We can expect, perhaps, a bump in positive thinking as the new year rolls around, and predict that there are several developments and trends likely to emerge or continue throughout 2023.

Token-Gated Verticals
　　The rise of token-gated communities within new verticals should continue. The web has always been a hub in which niche communities evolve, and with the influence of crypto, richer more visibly demarcated ecosystems and communities can develop.

　　This is already happening around NFT communities, in which holding an asset is requisite to membership, and pseudo-staking mechanisms encourage loyalty. (True crypto staking is core to the functioning of proof-of-stake blockchains, while NFT staking is usually just a mechanism of locking in your NFT, and your membership of the community, in exchange for rewards).

　　Token-gated ecosystems can create their own currencies, deliver airdrops, arrange real-life meet-ups, events and creative collaborations, and, on the whole, build out their own unique online networks.

　　Add in virtual playgrounds and dedicated marketplaces, such as the Otherside metaverse being constructed by Yuga Labs, or Nikes .Swoosh web3 platform, and the possibilities become more substantial.

　　One caveat here is that establishing walled gardens may appear contrary to the idea of accessibility for everyone (which crypto was supposed to facilitate), but the reality is that this kind of application is viable.

The Rebranding Continues
　　Over the past couple of years, we have already seen a rise in references to the concept of web3, which usefully cuts out explicit mention of crypto or altcoins, and this shift in terminology appears likely to continue.

　　Where, up until recently, we have talked about NFTs, newcomers to the space, particularly big-name traditional brands and migrants from web2, may start to refer instead to digital collectibles or something similar. The most conspicuous recent example of this is Reddit, whose NFTs are called Collectible Avatars.

　　Over time, we may simply be left talking about Bitcoin (which will continue to stand distinct as the primary and most credible new form of money), web3 (which equates to other, smart-contract oriented, consumer uses of fungible crypto) and digital collectibles (which refers to non-fungible crypto assets), while the term crypto itself, lacking specificity, is used less and less.

　　This may especially be the case as newer crypto participants seek to establish a cordon sanitaire between themselves and the now-disgraced FTX, along with other 2022-era crypto collapses, and the general perception that crypto is hazardous, and simple changes in terminology can help to achieve this.

Politics Enters the Chat
　　Those involved in crypto can tend, on the whole (and to generalize), not to be fond of politics. There are times when crypto discussion comes across as an idealistic escape from the endless political back-and-forth that takes place online, and it stands out because its generally rare when influencers and prominent voices take explicitly party-centered positions.

　　However, post-FTX (meaning when the crypto space has effectively overcome the worst of the fallout, although a full legal disentangling will take a longer time), regulation, which is tied up with politics, will become a bigger issue than ever before.

　　As such, divides will open up between politicians who take a broadly pro or anti position on crypto (which will equate to being hands-off or heavy-handed), and its likely that some crypto advocates and developers may then assume a more active role interacting with political bodies and individuals.

　　Due to the overall apolitical nature of Bitcoin and other cryptocurrencies, it‘s plausible that party baggage needn’t pollute these debates too much. Crypto advocates can then gravitate towards those political actors who express open-mindedness towards crypto, regardless of party lines, and crypto might provide an opportunity for forward-thinking politicians to broaden their bases.

　　Throughout bear markets is when crypto can quietly focus on issues that don‘t immediately grab the public attention. Political wrangling over legal matters and regulation is just such an issue, and as 2023 looks set, possibly, to be a no-man’s land in the crypto markets (past the worst catastrophes of 2022, but not yet positioned for a substantial bull-market surge), it would be no surprise if political matters get thrashed out during this period.

Quiet Mainstream Adoption
　　This is related to and, to some extent, dependent on regulation. As, recovering from the bear market washout, the crypto pieces start slotting back together, mainstream entities are unlikely to turn their backs on Bitcoin, web3 or NFTs.

　　There may not be the kind of overblown fanfare and rampant hype that surrounded interest from mainstream entities in 2021 and parts of 2022, but positions will be taken, and the trend towards crypto adoption and integration should continue, albeit in, for now at least, a relatively inconspicuous manner.

　　Additionally, we should be prepared, though, looking further ahead, for the likelihood that a period of relative calm and quiet manoeuvring tends to set the stage for future exuberance.

https://www.wikifx.com/en/newsdetail/202212061284477192.html?gip=TGme13

Abstract：Apple took the surprise action of withdrawing MetaTrader apps from its store. The move has brought alternatives into the spotlight


　　Apples decision to remove the most popular forex and contract for difference (CFD) trading platforms from its App Store, unknowingly contributed to potentially severe changes to the retail trading industry, which has been growing for over a decade.

　　Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry!

　　While the iconic duo of MetaTrader4 and MetaTrader5 is no longer available for iOS devices, brokers and traders have been left wondering whats next for the industry.

　　In the long term, the inability to use the MetaQuotes app on Apple mobile devices will make brokers decide to change the platforms they offer. According to some experts, this could provide a breath of fresh air in an industry dominated by MetaTrader solutions and increase the market share of competitors.

Spotware, X Open Hub, Match-Trade and Leverate. 4 Main Alternatives
　　Unsurprisingly, they agreed that their platforms could be the best alternative for brokers and their clients. Moreover, they do not believe the situation will negatively affect the popularity of the CFD industry among retail clients and will not increase the popularity of zero-fee trading platforms such as Robinhood.

Your Options as a Broker
　　Having MetaTrader platforms on offer still seems to be a ‘duty’ of a retail broker. Indeed, Apples ban will not make the market share of these tools disappear entirely. However, it is worth preparing for those customers who can no longer use the MetaQuotes app on their iOS mobile devices.

　　Appropriately, white-label solutions are not everything. Traders, their assets, and all open positions are important. When choosing a new partner as a broker, it is worth ensuring the fastest and least painful migration process to keep clients and traders unaffected.

　　Our interviewees repeatedly discussed the “new opportunities” the ban has created and talked of the impact the ban will have. As an incumbent and emerging broker, you should consider basing your offering not only on MetaQuotes platforms but also complementing it with one of the popular alternatives offered in a white-label format.

https://www.wikifx.com/en/newsdetail/202212029224571554.html?gip=TGme13

Abstract：In 2023, SA will get new coinage. will be printed with "South Africa" in all of the country's official languages. Next year, [url=I https://www.wikifx.com/en/?gip=TGme13]South Africans[/url] should anticipate significant changes to the nation's coins.


　　In 2023, SA will get new coinage. will be printed with “South Africa” in all of the country's official languages.

　　Next year, South Africans should anticipate significant changes to the nation's coins.

　　It is crucial to obtain all the information from the appropriate source because the forex market is constantly moving and altering. WikiFX is a forex research tool that lets users rate and comment on forex brokers. Both the Play Store and the Software Store offer the app.

　　The official languages of the coins will be switched every year over the course of the following ten years, according to a statement issued by the cabinet on Wednesday.

　　The Fourth Decimal Coin Series, which will shortly be issued, will include the language adjustments, according to the statement, which did not provide any other information.

　　The modifications are significant since this will be the fourth new series of coins that the South African Mint has introduced since it began producing its own coinage in 1961. The Third Decimal Coin Series, which was issued in 1989, is still in use throughout the nation.

　　On one side of the new coins, the words “South Africa” will be printed in all of the official tongues.

　　The announcement read, The R5 coin will be issued in three languages; the R2, 50c, 20c, and 10 coins will be issued in two languages; and the R1 coin will be issued in one language.

　　Images of the new coins were not made public, despite the cabinet having authorized the “dimension, design, and compilation” of the coins.

　　In 1989, Jan van Riebeek, a Dutch colonial administrator, was taken off one side of the 12c, 1c, 2c, 5c, 10c, 20c, 50c, and R1 coins. This was the last and most significant change. His image was changed to the coat of arms of South Africa.

　　Since then, the R2 and R5 coins have been added to the coinage, replacing the 12c, 1c, 2c, and 5c.

https://www.wikifx.com/en/newsdetail/202212025234859037.html?gip=TGme13

Abstract：There is a connection between the various financial markets and their movements can be influenced by those of other markets. In what ways do bonds interact with the foreign exchange market?

　　To succeed as a foreign exchange trader, you must always be researching the market conditions at the time. Bonds have a greater impact on the movement of currency markets than most people realize. And this is all the information you'll ever need about it.


　　Bond Yields: What Are They？

　　When a company or government agency wants to raise capital, it will often issue bonds as a type of IOU to investors. An investor receives a guaranteed rate of return when purchasing a bond issued by a company.

　　In the context of bonds, “yield” refers to the rate of return on investment or the amount of interest paid to the bondholder. The bond price, from the bondholder's perspective, is the same as the bondholder's initial investment in the bond.

https://www.wikifx.com/en/newsdetail/202212018424540398.html?gip=TGme13

Abstract：As Forex trading carries risk, losses are inevitable. Retail speculators are almost always trading undercapitalised and can be subject to the problems of gambling addiction and improper use of leverage. Any speculator who trades without skill is essentially gambling.



　　In all fairness, a large number of the reports of money being stolen by brokers is a result of weak trading, and not scam brokers. If unskilled traders spent time developing a proper trading methodology they would become better traders much quicker, and would likely avoid Forex scammers altogether, as they would be better informed about potential risks and what to avoid.

　　If you are interested in learning more about financial products and trading, why not sign up for our free webinars？ You can register by clicking the banner below:

Three Signs of Trading Investment Scams

1) Trading Systems and Education Without Any Proof

　　There are a lot of scammers selling trading systems and education. When you ask them to provide any proof of their trading history, they evade the question. There are also many traders who would offer their systems without a trading room or any services. These types of scammers are sometimes referred to as “snake oil merchants”. “Snake oil” is the term traders use for false traders and trading systems that have no valid proof of their trading history.

2) Email Spam Asking for Personal Info

　　Scammers may also ask you for personal information, such as:

• 　　Your full name

• 　　Your phone number

• 　　Your home address

　　Don't give away your personal details to someone you don't fully trust. Be suspicious of brokers who don't provide you with a written risk disclosure statement. Even if they do, read the statements thoroughly, because the devil is in the details.

3) No Background

　　Never work with someone who refuses to provide you with their background information. Be it a broker, a trader, an educator, or a money manager. Always do a quick check online to see if the person or company is legitimate.

　　According to New York Magazine, a kid from Queens, New York City in the USA made tens of millions of dollars by trading stocks on his lunch breaks at Stuyvesant High School. What happened in reality, is that it turned out he never made any money, and all his profits were made in a paper trading account.

How to Avoid Scams

　　The best way to avoid investment scams is to take your time. Don't rush your decisions - and make sure to assess all the pros and cons first. Finding a reliable Forex broker is not an easy task, but you will benefit in the long run from investing your time. The first step you should take when you come across a Forex broker or agency is to google their business name.

　　Look for customer reviews on reputable websites. If there are none or they are sound fake, you should stay away from that service provider. Additionally, you can browse through scam reviews and see if a Forex broker is as reliable as claimed. Also, make sure to find out if there are any outstanding legal actions against the broker.

　　For example, you can:

• 　　Visit Forex forums and see whether there are any complaints about fund withdrawals, and if so:

• 　　Contact the user who posted the complaint and ask for more details.

　　Perhaps the user was mistaken or confused, but it never hurts to ask. A proper background check will minimise your risks.

Keep Away From Opportunities That Seem Too Good to Be True

　　Easy money？ No way! Don't believe anyone who tells you it's easy to make money with something like ''20% gain per month''. It's pure nonsense because Forex & CFD (contract for difference) trading requires a lot of screening time, education, patience, and quick wits to become profitable. There is no easy money here. But if you dedicate your time and learn how to trade properly, you might achieve an additional source of income.

Further Steps You Can Take To Protect Yourself

　　Make sure to compare the regulations of the regulatory authority with the terms on the broker's website to find inconsistencies and anomalies in their terms. If you don't trust your own judgement, or you simply don't have time, ask the advice of a licensed financial advisor. Additionally, you can ask for business registration proof before registering with a broker. Make sure to read through all the fine print when opening an account. Sometimes scammers use account incentives against the trader when it comes to withdrawing funds.

　　For example:

• 　　If you receive bonus funds and wish to withdraw them, a Forex scammer may deny you that right due to its terms and conditions.

　　Don't forget that when you start live trading - always trade a small volume for a short period initially, and then attempt a withdrawal. If everything goes smoothly, it's safe to deposit more funds. The availability of a Demo account is another indicator of a good or bad broker. If you don't get offered this option, or are discouraged from demo trading, this is a strong indication of a Forex scammer.

Questions To Ask To Avoid Trading Investment Scams

　　Remember that you have every right to ask questions. A few proper questions can determine whether you are dealing with a trustworthy broker or a Forex scam artist. Make sure you know your rights, research the contacts, and check the company's registration and business background. Keep in mind that all the information you receive from a potential new broker must be in written form. Never rely on promises made on phone conversations or oral statements.

　　Ask yourself these questions:

• 　　What can you do when you realise a broker's offer is not for you？

• 　　How binding is the contract？

• 　　How easy is it to reach customer service？

• 　　Can you contact the broker by phone, Skype or email？

• 　　Do they list a physical address？

• 　　Do they use actual names？

• 　　Are they a registered company？

• 　　Can they provide performance history？

Conclusion

　　To ensure you're not a victim of a scam, always use a regulated broker that is well established, has favourable online reviews, and is 100% transparent in its fees and compliance policies. The allure of quick money and easy cash will always be present, which is why you should make sure that you fully understand what it truly takes to become successful at currency trading, without using quick-fix schemes that put you at risk.

Trading With A Demo Account

　　Traders also have the ability to trade risk-free with a demo trading account. This means that traders can avoid putting their capital at risk, and they can choose when they wish to move to the live markets. For instance, Admirals' demo trading account enables traders to gain access to the latest real-time market data, the ability to trade with virtual currency, and access to the latest trading insights from expert traders.

https://www.wikifx.com/en/newsdetail/202211308614210756.html?gip=TGme13

Abstract：The broad range of scams out there have many asking themselves, "Is Forex a pyramid scheme?".

　　No, Forex, itself, is not a pyramid scheme. However, there are scams of different sorts within the world of Forex trading. The most important giveaway of a Forex scammer is a guarantee of unusually large profits with little or no financial risk.

　　First of all: there is no such thing as a 100% guarantee. If there was, there is no way traders would share it with other market players. Some of these offers may sound very attractive, especially to beginner traders. But as the saying goes, the only free cheese is in the mousetrap. The bottom line is this: if something sounds too good to be true, it probably is.

　　For some more insight into the trading 'dream' that a lot of scammers sell, and the trading reality that most traders experience day-to-day, check out this video from professional trader Paul Wallace.

　　Here are a few simple rules to follow to avoid scammers:

• 　　Remain safe and do not run after empty promises

• 　　Be especially wary of software that claims to have found a 'secret formula'

• 　　Do not install any programs until you are certain they won't damage your computer

　　Another giveaway is that scammers never register with any regulatory authority. Remember - true brokers always provide proof of their legitimacy. If you suspect that a Forex broker is lying about their regulatory status, you can contact a regulatory authority who may be able to provide a list of regulated companies, and a list of cases opened against regulated companies. This will help you understand which Forex brokers to avoid.

https://www.wikifx.com/en/newsdetail/202211309644803828.html?gip=TGme13

Abstract：Order slicing strategies, for example (splitting a big quantity order into many orders known as "child orders", have progressed from very simple approaches (time-based or a number of divisions) to more complex ways that dynamically adjust to market circumstances.

Why is FX Algo Execution the Way of the Future
　　Since its inception, algorithmic trading has grown in complexity.

　　According to the BIS (Bank for International Settlements) publication “FX execution algorithms and market functioning,” there have historically been three versions of algorithms:

　　Algorithms of the first generation: The first EAs had basic mechanical principles and were patterned by early equities market algorithms. The first FX EAs were designed primarily to automate traders' habit of breaking parent orders into child orders and adhering to stringent specified execution timetables. Their lack of expertise resulted in unique trading patterns that were easily detected by other market players.

　　Second-generation algorithms: In following FX EA iterations, suppliers strived to design EAs that limit market effect and prevent leaving unique trading patterns by including some randomization in the amount and timing of child orders. Nonetheless, these algorithms stayed largely on statically fixed timetables and were detectable using increasingly powerful forecasting and pattern recognition approaches.

　　Third-generation algorithms: By the mid-2010s, FX EAs were using complicated statistical models to drive algorithmic choices and respond more dynamically to changes in market circumstances, with the goal of decreasing market influence and signaling even further. These EAs assessed market conditions by using the rising availability of real-time market data and computational capacity.

　　What is the role of Expert Advisors (EA)？

　　EAs function by allowing you to define the criteria that will be used to find opportunities and start and exit positions - effectively employing a set of yes/no rules to trigger trading choices. You may either create your own EA or import one that has already been created.

Screenshot_13.png
　　EAs may execute complicated trading strategies by merging many yes/no criteria into a complex mathematical model, leveraging processing power to make judgments – and act on them – relatively immediately.

　　You may check more of WikiFX EA as well as the prices here: https://vps.wikifx.com/en/eashop.html

　　Why Does Algo Trading in Forex？

　　When choosing an algo approach, customers often have one of three goals in mind:

　　

　　limit the market impact and save trading expenses

　　minimize market risk

　　and maximize execution certainty.

　　Clients have traditionally used algo methods primarily for big orders.

　　According to 46% of respondents in the Coalition Greenwich 2021 Market Structure & Trading Technology Study, algo trading is a “must do” in case huge orders work late.

　　Another 31% believe that is the most likely course of action. Also, huge orders that must be completed fast are scenarios in which algos should be considered.

　　According to 46% of respondents, using algos in such a case makes a lot of sense, and 15% are positive that algos should be utilized here.

　　In the event of minor orders, a stunning 75% said that the use of algos would be very unlikely.

　　These are the most often reported reasons and ways for using algo trading, although there are many more, and FX traders are not confined to these few.

https://www.wikifx.com/en/newsdetail/202211257124200143.html?gip=TGme13

Abstract：Prevention is better than cure, this is why it is important to download the WikiFX app. WikiFX is a forex broker inquiry app, which allows traders to verify and review brokers before they use them. WikiFX is preventing scams in the forex market, just like this one.

　　Prevention is better than cure, this is why it is important to download the WikiFX app. WikiFX is a forex broker inquiry app, which allows traders to verify and review brokers before they use them. WikiFX is preventing scams in the forex market, just like this one.

　　The chief investment officer and co-founder of the UK hedge fund Glen Point Capital was accused of defrauding and manipulating the foreign currency (FX) market on September 1, 2022. According to a news statement from the US Department of Justice, the defendant has been charged with taking part in a plan to deceptively trigger a $20 million payment under a barrier options contract by artificially manipulating the USD/ZAR currency rate.

　　One count of conspiracy to commit commodities fraud, which has a possible five-year jail sentence, and one count of commodities fraud, which carries a maximum 10-year sentence, have been brought against the defendant. In addition, the defendant is accused with conspiring to conduct wire fraud and committing wire fraud, each of which carries a 20-year maximum sentence.

　　The contract for a barrier option

　　A “one touch digital option” is a specific kind of transaction that offers the buyer a predetermined payout if an underlying asset crosses a certain threshold from the beginning to the end of the trading period. In October 2017, Glen Point Capital allegedly bought a one-touch digital option for the USD/ZAR currency pair, as stated in the indictment. According to the conditions of the deal, Glen Point Capital would be end to a payment of $20 million if the USD/ZAR exchange rate fell below the rate of 12.50 before January 2, 2018.

　　Christmas Day 2017, eight days before to the option's scheduled expiration, the defendant devised a plan to force the payment by purposefully and artificially manipulating the USD/ZAR exchange rate to cause the rate to go below 12.50. The defendant instructed a Singapore-based employee to sell around $725 million for about 9,070,902,750 ZAR through a series of Bloomberg chat messages, which significantly lowered the USD/ZAR exchange rate. Trading stopped after the rate fell barely below 12.50.

　　The defendant failed to disclose the aggressive transactions that eventually resulted in exchange rate manipulation when it notified the financial services company—through whom the option was purchased—that the $20 million one-touch option had been activated.

　　Forex (foreign exchange) scam

　　Rosa Abrantes-Metz, an economist and co-head of the Brattle Group's antitrust practice, commented on the plan, saying, “Unfortunately, this sort of behaviour happens more frequently than we would want to see.” The Commodities Futures Trading Commission (CFTC) has “witnessed a substantial increase in forex trading frauds in recent years,” as well.

　　For price fixing and bid rigging in the international FX market, a former currency trader at a significant multinational bank was given an eight-month prison term and was had to pay a $150,000 criminal fine in September 2020. Three men were charged in April 2021 with running a forex trading scam to defraud investors out of $30 million.

　　The CFTC has provided guidelines on the warning signs to look out for in order to lessen the harm posed by this fraud type, including:

　　promises that there is no “bear” market while trading in FX

　　Companies that advise against trading on the interbank market

　　Requests to swiftly transmit or transfer money by the internet, by mail, or in any other way

　　collecting background information on the individual or firm is challenging

　　Compliance personnel should evaluate the efficiency of their companies' trade monitoring system in light of this fraud plan. The monitoring of communications and system access times may also be necessary. The CFTC advises contacting them to inquire about the company's registration status, corporate history, and disciplinary record before engaging in forex trading.

https://www.wikifx.com/en/newsdetail/202211253754349217.html?gip=TGme13

Abstract：This weekend will be crucial for retailers as they prepare for the frantic Christmas shopping season, which starts on Thanksgiving on November 24 and runs through Black Friday on November 25, the weekend, and Cyber Monday on November 28.

　　When do Black Friday and Cyber Monday occur？

　　This weekend will be a major one for retail as buyers prepare for the hectic holiday shopping season, which begins on Thanksgiving on November 24 and continues through Black Friday on November 25, the weekend, and Cyber Monday on November 28.

　　Black Friday and Cyber Monday: What to Expect

　　Retailers have had a particularly difficult year. Earlier this year, supply chain disruptions triggered the emergence of an inflation-fueled cost-of-living crisis, which has compressed salaries and created radical adjustments in buying patterns. The more money spent on necessities like food, rent, and bills, the less money is available for discretionary items like clothing and technology. With a recession on the horizon, customers need value more than ever before. According to Statista Digital Economy Compass, worldwide eCommerce sales will decrease for the first time on record in 2022, falling 2.5% from the high levels recorded in 2021.

　　As a result, merchants have faced significant challenges. In addition to decreased general demand, businesses are dealing with inventory issues as a result of the quick shift in buying patterns. They have too much of what people no longer desire and not enough of what they need. This has required businesses to offer steeper discounts over a longer length of time than typical in order to move undesirable inventory. Stores such as Kohl's and Macy's began holding deals in October, while eCommerce behemoth Amazon staged its first-ever second Prime sales event during the same month. Markets anticipate that the sales activities will go far beyond Cyber Monday and into the Christmas shopping season.

　　Excess inventory puts pressure on costs at a time when they are already increasing due to inflation, and significant discounts reduce margins and earnings for merchants. The third-quarter results season was disastrous for most US retailers, and even the biggest and most resilient have cautioned that fourth-quarter growth would be modest at best. Last month, US retail sales increased quicker than predicted, although this was offset by consumers eating and drinking out more and higher fuel costs, while demand for products such as electronics, appliances, and other miscellaneous commodities fell.

　　Walmart has said that it anticipates sales to expand by just 3% in the fourth quarter, owing partly to its significant exposure to food, which is still in high demand. Amazon has warned that Christmas quarter growth would decline to its worst rate on record. Target was forced to cut its forecast after failing to sell inventories as quickly as expected, while Kohl's dropped its guide entirely.

https://www.wikifx.com/en/newsdetail/202211239374604363.html?gip=TGme13

Abstract：According to traders on Tuesday, the way which the naira is losing value compared to the dollar suggests that it may reach N1,000/$.

　　According to traders on Tuesday, the way which the naira is losing value compared to the dollar suggests that it may reach N1,000/$.

　　The Central Bank of Nigeria to alter the banknotes, which the traders claim is to blame for the shortage of dollars and the ensuing naira free fall.

　　Tuesday's trade ended with the naira closing at N822.5 to the dollar on Black Market all around the nation. This reflects a 2.74 percent decline from the N800's Monday closing price.

　　The dollar was swapped at N820 in Kano and Festac, Lagos, and N825 in Abuja and Apapa, according to a breakdown in the street markets.

　　Because of widespread fraud and corruption in the system, it will reach N1,000 before the end of the year, predicted Andrews Elueni, managing director of Flawless Capital Limited.

　　He remarked, “We have to assess the type of economy the CBN is operating,” in a phone interview. How is it possible that while dollars are priced at N443 on the official market, they are N822 on the black market？ Who receives the money？ What will they do with it？

　　Last Monday, the Nigerian Central Bank siad the current N200, N500, and N1,000 Notes will be replaced with new banknotes beginning on December 15, 2022.

　　Following immediate speculation against the naira, Financial Derivatives Company predicts that this should pass quickly (FDC).

　　Investors, speculators, and manufacturers will choose to be long in dollars and short in local currencies during uncertain times, according to a report by FDC experts.

　　According to data from the FMDQ, the Naira lost 0.68 percent of its value in the Investors and Exporters (I&E) forex window on Tuesday, when the dollar was quoted at N446.00 vs N443.00 on Monday.

　　Currency dealers who took part in the Tuesday foreign exchange auction kept their bids within the range of N424.00 (low) and N447.00 (high) per dollar.

　　The daily FX market turnover fell from $61.89 million on Friday to $51.58 million on Tuesday, a 16.66% decrease.

　　The Open Repo rate declined by 5.17 percent to finish at 9.33 percent compared to 14.50 percent on Monday at the money market, and the Overnight (O/N) rate decreased by 5.33 percent to close at 9.83 percent as opposed to the final closing of 15.16 percent.

　　Money market rates stays at present levels in the near term with the Open Market Operation (OMO) repayment of N20.00 billion, according to experts at FSDH.

　　After the CBN announced intentions to redesign high value Naira notes by mid-December, Nigerians are rushing to buy dollars, according to Forex Dealer with AZA Finance Kenga Kalu in an email to investors.

　　According to Bloomberg, the difference between official and unofficial rates is 88 percent, which is the widest divergence ever. The redesigned notes are meant to lessen forgeries, and prevent terrorist and kidnapper ransom payments, according to Kalu.

　　Old bank notes in the denominations of N200, N500, and N1,000 would be null and worthless, according to CBN Governor Godwin Emefiele.

https://www.wikifx.com/en/newsdetail/202211225004220171.html?gip=TGme13

Abstract：There are several brokers on the foreign exchange market who enable traders from South Africa to set up accounts in Rand.

　　This is done to provide ease and flexibility to South African merchants.

forex, WikiFX, forex trading, ZAR, rand, forex brokers
　　Therefore, if you wish to trade on the foreign exchange market in South Africa, it is crucial to register with trustworthy brokers who provide accounts with ZAR as the unit of currency.

　　Foreign exchange brokers headquartered in South Africa may effectively carry out the necessary financial transactions using the local currency because the ZAR is the nation's official currency.

　　Additionally, you should search for a broker platform that is user-friendly for novices and that provides a selection of trading tools if you want a more simplified trading experience. We investigate the top 5 Forex companies offering ZAR accounts.

　　AvaTrade

　　One of the top Forex brokers providing ZAR accounts, AvaTrade is governed by the Financial Sector Conduct Authority (FSCA), which is also the principal financial authority in South Africa.

　　The ease of use of the site as well as the vast array of free deposit and withdrawal options it offers are factors in AvaTrade's success. The only two selling factors that AvaTrade provides are its transparent pricing structure and reasonable trading fees.

　　Exness

　　In terms of its transparency and adherence to rules, Exness is considered as one of the most reliable brokers in the market. The business works with traders of various levels of expertise.

　　Due to its extremely cheap transaction and other pricing costs, this broker separates apart from others in the sector. Exness offers some of the most competitive spreads, pricing, and trading terms in the market.

　　IFX

　　As a trading name for IFX Brokers Holdings (Pty) Ltd, IFX Brokers Holdings (Pty) Ltd is a South African business that has been authorized by the Financial Sector Conduct Authority (FSCA) (licensed number 48021).

　　In addition to a wide range of market spreads, access to True ECN market conditions is given by

　　At any given time, more than fifty banks and dark pool liquidity providers price into the broker's electronic communication network (ECN), keeping spreads down and guaranteeing that there is a surplus of liquidity.

　　Tickmill

　　Established in 2014, Tickmill is a reputable STP broker that has worked hard to build a reputation for offering traders of all skill levels the best possible forex trading experience.

　　GlobeX360

　　The FSCA oversees the South African broker Globex360. It appeals to traders who choose to use local South African service and trading accounts using ZAR as the unit of currency.

Seven trading rules that you must know

https://www.wikifx.com/en/newsdetail/202211211304305764.html?gip=TGme13

Abstract：Here are seven trading rules that will benefit you to different degrees.


　　WikiFX Strategies - Here are seven trading rules that will benefit you to different degrees.

　　1. Trading is not a trifling matter

　　It is a business, in which long-term success is not possible without proper plans, strategies, and effective operation.

　　2. Loss is unavoidable

　　Since risk always exists in the market, controlling the loss is a must in case of a shift from bullish to bearish in your trading. Close your position as soon as the risk is triggered.

　　3. Stay positive

　　Be grateful even when you fail. Learn from failures and accumulate these lessons. Everyone can profit from the market, but loss happens from time to time. The market will reward you tenfold if you stay calm and apply consistent strategies.

　　4. Think less & do more in the uncontrollable market

　　While the market is uncertain, you need less thinking and more trust in your trading strategies. You can't make a prediction 100% accurate, but you can control your actions. It is important to find out and stick to your own trading strategy.

　　5. Obsession with money is an obstacle to success

　　Although making money is the main motivation for market participation, obsession with it will only cripple your performance. Keep your trades in a small size, to control your emotions and engage in the market for a long term

　　 6. Use WikiFX as assistant

　　A reliable and authoritative global inquiry platform can help you considerably enhance trading results and reduce potential risks. WikiFX is this kind of inquiry platform that not only provides basic forex trading knowledge but also assists you in evaluating the safety and reliability of more than 40,000 global forex brokers, which gives you a huge advantage when seeking the best forex brokers.

　　In addition, WikiFX can help you grow into a forex trading expert faster than you think. You can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find out more.

　　7. You will forget

　　You will inevitably forget these trading rules, so please review this paper regularly.

https://www.wikifx.com/en/newsdetail/202211186064877777.html?gip=TGme13

Download the wikifx app
https://wikifx1.onelink.me/QUVu/en3

Abstract：The trading platform provider says that MetaQuotes has updated its MetaTrader 5 Web Terminal to make it work better on Apple and Android devices.

Metaquotes Has Announced That MT5 Is Now Available For IOS Phones (1).png
　　No longer do users have to download trading apps from the App Store or Google Play to manage their trading accounts or trade on the financial markets.

　　This action takes care of the worries that traders and their MT4/MT5 brokers had after Apple took the iOS versions of the trading systems off the Apple Store.

　　When traders request it, MT5 brokers will supply the terminal's URL address.

　　

MetaTrader 5 Web, according to MetaQuotes, covers the full range of trading functions, including:
　　Use both demo and real accounts.

　　Receive quotations for any financial symbol

　　Any market may be traded in.

　　More than 30 indicators are used to analyze symbol quotations.

　　For basic analysis, use Economic Calendar data.

　　The new Online Terminal is accessible through any iPhone or Android device, as well as any web browser.

　　The trading software maker also said that the new MetaTrader 5 Web Terminal is quicker and more efficient after being redesigned from the ground up, with a new core that allows faster command response and improved operational reliability, while also being securely secured.

　　For traders to use the new MetaTrader 5 Online Terminal, they must first contact their broker to get the terminal's URL address. Once they have that, they can log into their accounts and start trading online.

　　Last month, a revamped MT5 Web Terminal (unresponsive to Android and iOS) was released.

　　MetaQuotes revealed the redesigned online terminal for MetaTrader 5 in October, but it lacked Android and iOS responsiveness.

　　

The significant upgrade included a slew of new features, including:
　　Convenient symbol setup in Market Watch, as well as daily price change data

　　Real accounts may be requested via a full registration form and document submission methods.

　　More analytical items with enhanced management capabilities

　　Charts show market entry and departures.

　　Economic Calendar events are shown on charts.

　　Subscription support for pricing data and the option to get delayed quotations

　　The interface has been significantly simplified.

　　For iOS and Android devices, the mobile version has a responsive interface.

　　The most recent version allows the web terminal to run on each broker's access server, giving the broker maximum security and complete control.

　　The MetaTrader 5 online platform allows you to trade currencies, stocks, and futures from any web browser on any operating system without the need for additional software installs.

　　Companies that have valid licenses for their web terminals can install the latest version and start using it right away. Companies without a web terminal may buy one from MetaQuotes' technical support page.

　　MetaQuotes was one of the first companies to develop technology for FX trading. It works with brokerages, banks, exchanges, and hedge funds. MetaTrader 4 and MetaTrader 5 are the company's two most important products. They are used by millions of customers and hundreds of financial institutions.

https://www.wikifx.com/en/newsdetail/202211177344366936.html?gip=TGme13

Download the app and earn $1 everyday from the forexpay campaign

https://wikifx1.onelink.me/QUVu/en3
Abstract：TradingView has made it easier to change how drawings and indicators are shown at different times. Changes may now be made with a few mouse clicks.

TradingView Enables Faster Visibility On Intervals Setup
　　TradingView has made it easier to change how drawings and indicators are shown at different times. Changes may now be made with a few mouse clicks.

To do this, you must:
　　You can open the drawing or indicator's context menu by right-clicking on the element you want to change.

　　Navigate to the Intervals Visibility menu option.

　　Choose one of the options for rapid interval visibility.

　　The chosen option will change the settings on the Visibility tab.

　　Additional tweaks may be made using the object's settings dialog box if required.

　　This option may also be changed by clicking on the three dots in the drawing toolbar and the indication legend that floats above the painting.

　　TradingView constantly improves the platform's functionality. TradingView just updated its Crypto Pairs Screener with two new indicators: “Volume 24h in USD” and “Volume 24h Change%.”

　　Trading volume is a solid measure of an instrument's liquidity and popularity among investors/traders. The indicator “Volume 24h in USD” displays the total trading volume for this crypto instrument/pair in USD over the previous 24 hours.

　　Add the “Volume 24h Change%” indicator to your chart to see how the dollar volume has changed. It displays the % change in volume over the past 24 hours, which might indicate market movements.

　　TradingView debuted its new auto-anchored volume profile in October (AAVP).

　　It only shows one profile at a time, beginning at an automatically determined point and continuing to the final bar on the chart. When a new period begins, the previous profile is deleted and a new one is created. This allows you to concentrate on recent market action.

About TradingView
　　TradingView is the most active trading and investment social network. Connect with millions of traders from all around the globe, learn from other investors' experiences, and discuss trading strategies. TradingView's charts are superior to those seen on desktop trading platforms.

https://www.wikifx.com/en/newsdetail/202211168804464112.html?gip=TGme13

Abstract：Traders worry that OPEC will decide to further cut its production at the next meeting in December.

Key Insights
　　OPEC reduced its demand growth forecast by 0.1 million bpd.

　　Coronavirus cases in China continue to rise.

　　WTI oil declined below the $86 level.

WTI Oil Moves Lower After OPEC Cuts Its Demand Forecast
　　Today, OPEC released its Monthly Oil Market Report, which indicated that the cartel revised its world oil demand growth forecast by 0.1 million bpd.

　　OPEC noted that “oil demand in 3Q22 and 4Q22 is revised lower due to the zero-COVID-19 policy in China, ongoing geopolitical uncertainties and weaker economic activities.”

　　OPEC has also stated that the situation with supply was not easy to forecast due to uncertainties regarding the potential for the U.S. shale production and the looming EU sanctions on imports of Russian oil.

　　G7 countries plan to impose a price cap on Russian oil by December 5. Just three weeks are left before the mechanism would be imposed, but the exact details of the scheme are not known.

　　The broad consensus is that Russian oil exports will decrease after December 5. However, expectations vary widely, and it remains to be seen whether the oil price cap will have an immediate impact on the oil markets.

　　In the near term, traders do not pay too much attention to the fate of Russian oil exports. Today, WTI oil gained strong downside momentum and moved below the $86 level. It looks that the market is worried that OPEC will reduce its quotas at the next meeting in December.

COVID Remains A Problem
　　While OPEC‘s forecast played a role in today’s move in the oil markets, rising coronavirus cases in China are the main driver behind the sell-off.

　　China has recently adjusted its COVID policy, which was bullish for oil markets. However, traders worry that the country will change its mind if the number of new coronavirus cases continues to grow at a robust pace.

　　The pace of economic growth in China will be the key driver for oil markets in the upcoming months as developed economies are slipping into recession. China‘s coronavirus policy has dealt a serious blow to the country’s economy. The potential reintroduction of all restrictions may put material pressure on oil markets.

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Abstract：An independent journalist, Sam Harrison-Payne talked to an experienced trader that has an account with 4XC broker, regarding different broker models.

　　Lets start with B-book, it is referred to as a Market Maker. Therefore when you are trading you are not trading on a live market feed. Instead you are trading on the feed of the broker itself in which they have control of 100% of your trades. I have noticed this after comparing the prices between brokers that a Market Maker had a higher price versus the A-book broker on most assets.

　　Now for A-book, A-book is referred to “STP”, which stands for straight through processing. With this model of trading you are basically trading on the live market but every time you open a position the broker takes a small commission, which I find is the most user-friendly win-win side of the situation.

　　Therefore it is in the best interest of the broker that I earn money and continue earning money to generate a larger volume of trades which means more commission for the broker and more success for me.

　　I‘ve come across a few brokers that claim to be fully STP meaning that they don’t have a B-book or a dealing desk, but only one of them seems to have met my expectations in every way, 4XC also provided all of the materials and resources with no charge whatsoever, which is a good sign that they are actually looking to better my success.

　　I‘ve been trading with 4XC for the past year, and so far I don’t have any complaints, and I now understand what its like to have real market trading experience

https://www.wikifx.com/en/newsdetail/202211145724840098.html?gip=TGen3

Abstract：When you initially start learning about forex, you will undoubtedly come across the phrase "lot" many times. A lot is a way of calculating how many money units are needed for a deal. Given the significant exchange rate fluctuations that often occur in the currency market, it is critical to assign and use appropriate lot sizes in forex trading risk management methods.

Which Lot Size Is Better For Beginners

　　Because the lot size has a direct impact on the risk you're taking, it's the first thing you should thoroughly grasp before determining your entry and departure locations. In this post, we will define a forex lot and discuss the most popular forex lot sizes for new traders.

What Is the Definition of a Lot in Forex？
　　A lot is the size of your Forex transactions. In another sense, a lot is the number of currency units that you will exchange in Forex. The lot size with which you trade has a direct influence on how much a market shift impacts your trading account. A larger lot may provide large gains, but it may also yield large losses. As a result, your transaction volume influences your trading techniques and risk management. When trading forex, you will commonly encounter four forex lot sizes.

1. Common Lot
　　This is the most typical webpage you will encounter while trading with various forex brokers' regular account types. In a currency pair quotation, a normal lot equals 100,000 units of the base currency.

　　A regular lot, for example, is a $100,000 deal if your account is financed in US dollars. When trading with this size position, the trader's account value will change by $10 for every pip move.

　　Assume you wish to buy a normal lot of USD/EUR at a rate of 1.24, which means you'll pay €124 000 for $100,000.

　　The majority of experienced forex traders are used to trading at this level, and it is worth mentioning that, thanks to leverage in forex, you need not need a complete $100,000 in your account to trade a regular lot. When most people talk about a lot in forex trading, they're referring to this figure.

2. Miniature Lot
　　A micro lot is 10,000 units in size, which is 10% of a conventional lot. As a result, when a trader places a 0.1 lot order, he is trading 1 micro lot. If you use a dollar-based account and trade a dollar-based pair, each pip in your transaction is worth around $1.00.

　　It is an excellent option for forex traders who like to trade with minimal, or no, leverage. If you are a newbie and want to start trading with small lots, be sure you are adequately capitalized.

3. Micro Lot
　　A micro lot is 1000 units in size, which is 1% of a regular lot. As a result, if you initiate a transaction with a 0.01 lot, you will trade one micro lot. In the case of a dollar-based pair, 1 pip is equivalent to 10 cents.

　　Micro lots are the smallest tradable lot offered to most brokers and are an excellent place to start for new traders. Micro lots are ideal for novices who wish to limit risk to a minimum while learning to trade.

4. Nano Lot
　　The nano lot is the lowest trading lot size accessible. A nano lot consists of 100 units or 0.1% of a conventional lot. You will trade 1 nano lot if you initiate a trade with 0.001 lot.

　　The micro lot is becoming more uncommon, although it is still accessible via several major forex trading companies. It might be a good beginning lot size for a new trader who wants to check out forex training or a trader who wants to test a new trading strategy. It provides real money trading in addition to a demo trading account, but with a significantly lower amount of risk.

Which Lot Size Is Best for Forex Newbies？
　　It is best for a newbie to start with modest lot sizes. Even the most seasoned trader may feel comfortable with this. Because poor money management affects everyone, including those who are not beginners. Beginner traders are sometimes recommended to trade using mini, micro, or nano quantities to prevent large losses.

　　Also, bear in mind that not all lot sizes are accessible to all trading account types, so make sure that the broker you are contemplating utilizing will supply you with the lot size you are most interested in trading given the amount of money you have available to put in your trading account.

Conclusion
　　Determining the suitable lot size to trade may be as crucial as picking which direction you should take a position in order for a trader to efficiently manage risk and other relevant aspects, such as an acceptable degree of leverage for their trading account.

　　The forex lot size that works best for you is determined by a variety of variables, including how you want to trade. Beginners should begin trading forex with micro-lots or mini-lots. You may advance to the next level after gaining experience and confidence.

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Abstract：A trader who believes the price of the market, in general, will decrease in value is known as a bear.


　　A trader who believes the price of the market, in general, will decrease in value is known as a bear.

　　How to spot a Bear in Trading？

　　Based on a negative outlook on price action and associated short positions to profit from an expected sell-off, we can identify a bear. A bear in the forex market trading is more frequent than in the stock market. Therefore, sentiment and positions change frequently, offering a broader balance between bears and bulls.

　　What is the Essence of a Bear？

　　A bearish sentiment applies to all asset classes and counters bullish sentiment. While bulls attempt to buy low and sell high, bears seek to sell high and buy low. Short selling is the primary approach, where a bear borrows an asset from a broker, then buys it in the open market once the price falls and earns the difference minus associated costs. Bears in equity markets are less frequent, as the long-term trend is bullish. Therefore, long-term bears, or perma-bears, constantly lose money. Smart money applies a bearish bias to portfolios for short-to-medium-term market conditions, as a bear market has a shorter duration than a bull market.

　　Conclusion

　　Since markets rally and correct, bears have a profitable approach to navigating corrections. Adopting either a bull or a bear attitude is counterproductive, as traders can miss significant opportunities. Smart money operates long/short portfolios. They ensure diversification and create profitable opportunities irrelevant to a bull or bear market.

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Abstract：Trading is certainly a difficult skill to learn but there are ways you can shortern the learning curve. There are a number of books and information out there on trading one could get lost in the sea of information and get confused. Even as season traders, once in a while you need to stop and polish up on your skills so as to maintain your edge. So today we wiil share some books you are to read will certainly improve your trading powers.

　　If you are looking for a free course that will take you from beginner to advanced trader I recommend you check out WikiFX. WikiFX offers a number of features that are is going to be very useful to you as a trader: https://www.wikifx.com/en/education/education.html . They are connected to every broker regulatory board so they will help you choose the best broker to trade with when you are finally ready to enter the market. They feature the other products such as profit calculators and updated trading news which will help you gain an edge in the market. So if you are a newbie, use WikifX to get educated.

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　　1. Technical Analysis of the Financial Market by John F Murphy

　　This book covers the basic essentials of technical trading. It is the best that before you enter the markets you gain an understanding of how to read and analyse the charts. Yes you can watch a whole bunch of videos but those are people who do not go into the specifics of the skill as they have to make short videos, or they want you to pay them to teach you more about trading so they withhold information. This book will explain all relevant concepts that you need to know when technical trading and teach you a few strategies as well. They will also show you how to formulate your own strategy and how to test it

　　2. Trading in the Zone by Mark Douglas

　　Trading Psychology will prove to be the hardest challenge that you will face in your trading career. It is easy to memorize strategy and learn the basics of trading however the biggest challenge will be controlling the emotions you feel when you are trading. Even seasoned traders struggle with little things like closing losing trades or taking profits on a trade, or not properly risk managing so this book really is for every trader who wants to improve their trading skills.

　　3. Trading for a Living by Dr. Alexander Elder

　　It is easy to trade on one particular day and make profits. It is much more difficult to maintain steady trading growth and maintain ones performance for an extended period of time. This book explains concepts that help you think in the long term when trading. It shows you how to manage your risk well to see steady income and also gets you in the right growth mindset.

　　There are a number of other books that you can read but I believe these three cover the basics concerning the market and provide you with the most value. You can couple along the information you learn from these books with the information you can learn on the WikiFX.

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Abstract：MetaQuotes is a trading platform firm established in Cyprus. Its MetaTrader MT4 and MT5 trading apps are still not allowed in the Apple App Store, but the company has announced that its new MT5 online terminal is now available on all Apple and Android devices.

MetaQuotes MT5 Web Terminal Is Still Available For iPhone Users
　　MetaQuotes says that traders can fully manage their trading accounts from a mobile device, even if they are using an older version of the iPhone or a different browser. The only way they can't accomplish this is by installing an app, at least in the Apple environment.

　　According to the business, the new MetaTrader 5 Web Terminal is quicker and operates better than before. The application has been completely redesigned, not merely optimized. The redesigned core has allowed for speedier command responsiveness and increased operational stability. According to MetaQuotes, using the online terminal is secure since all information transferred is encrypted.

　　MetaQuotes says that the new MetaTrader 5 Web gives customers a full-featured trading interface where they can:

　　Work with both demo and real accounts.

　　Receive any financial symbol quotations

　　Execute trading activities in any financial market

　　Using over 30 indicators, analyze symbol quotations.

　　Use Economic Calendar data for basic analysis.

　　All of these capabilities are accessible on any mobile browser. The famous “night” motif is also supported.

MT4 and MT5 alternatives
　　Despite MetaQuotes' efforts, we hear that a large number of MT4 and MT5 brokers throughout the world are still looking for and implementing MT4 and MT5 alternatives for their iPhone user base, fearing that the MT4/MT5 App Store ban would persist forever.

　　MetaQuotes has not yet issued a public remark on our other related story, which is that no new MT4 and MT5 White Labels will be processed. We broke the news towards the end of September, and MetaQuotes has yet to comment

https://www.wikifx.com/en/newsdetail/202211072944339284.html?source=zme3

Abstract：In the foreign exchange market, an overnight position is when you carry over a day trade until the following day without having it settled on the same day. Even though the phrase "overnight position" may sound cool, it simply refers to keeping the position until the following day – and it comes with a price tag which many do not know about!


　　By purchasing low and selling high or selling high and buying low, forex traders can profit from trading currencies. According to the relative buy and sale prices at the beginning and closing positions, gains and losses are calculated. Profits and losses, however, will also be influenced by the various interest rates of the currency pair, the time at which deals actually settle, and the length of time the position is held.


　　The trade date, also known as the entry date, is the day a currency is traded. This is the day your broker entered and approved your order for a trade. When the transaction is finished, the trade is then settled. The value date is the date of settlement (aka settlement date, delivery date).

　　Since the global market for currency trading operates around the clock, there must be a consensus on when the day officially ends. Conventionally, settlement time is at the time that corresponds to 5 p.m. Eastern Standard Time on the value date (EST). The trade day advances after settlement time, so the trading day is Tuesday for a trade executed after 5 p.m. EST on Monday. Depending on the underlying interest rates of the two currencies in the pair, you will either be paid or charged interest when you hold an open trade overnight.

　　The delivery and acceptance of the currency are typically necessary for the spot market to settle a currency transaction. However, most forex traders trade for profits from speculation rather than intending to take or deliver the currency. Because of this, the majority of brokers who serve speculators automatically roll over the contracts from one value date to the next on each successful business day until the trader closes the deal—a process known as a rollover, of course. Rollovers essentially postpone the trade's actual settlement until the trader closes her position.


　　Every time a position is rolled over, interest is accrued on the long currency and paid on the short currency. The target interest rate set by the central bank of the nation that issued the currency typically serves as the interest earned or paid. An interest rate differential will produce a net earning or interest payment when the interest rates of the two countries are different. The trader receives the interest differential if the interest rate associated with the base currency is higher than the quoted currency; otherwise, the trader is required to pay the interest differential. At the rollover time of each trading day that the position is open, this net interest—often referred to as the rollover rate—is calculated and either added to or subtracted from the trader's account. The rollover rate determines whether it is added or subtracted; as a result, when it is added, it is referred to as a positive rollover (also known as a positive roll), and when it is subtracted, it is referred to as a negative rollover (also known as a negative roll). Every day the position is rolled over — a one-day rollover — this interest is added to or subtracted from the balance.

　　The precise amount of interest you will earn or pay will vary depending on the broker, as forex brokers do charge interest. You might be able to bargain for a smaller interest rate spread if you have a sizable balance in your account. You don't need to calculate the interest because almost all trading platforms automatically adjust your account for the appropriate interest. While some brokers will apply the interest directly to your margin balance, others will adjust your average open positions. On most trading platforms, the summary and separate column in the Closed Positions panel display the interest received or paid. The majority of trading platforms also display the amount of positive or negative rollover for each currency pair that can be traded on the platform, alerting traders to the interest rate spread before they place a trade