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https://www.wikifx.com/en/newsdetail/202210033004658425.html

Abstract：The basic rule that a trader must follow is understanding that the greater the capital invested in different currency pairs, the lower risk he is exposed to. A good currency portfolio can also be built from a few carefully selected pairs. Diversification entails knowing how to choose pairs based on risk and return goals.


　　The key to achieving success in investing is to be a master of risk and return calculation. This is because these two elements are highly correlated but are unfortunately often overlooked by many traders and investors.

　　Risk and return calculation could be easily interpreted as “how much am I willing to lose to potentially make a certain amount of money？” However, risk indicates that there is always a possibility of making a loss in every trade placed. The return on trade is often stated in percentage and is a random variable beyond control.

　　For example, if you are willing to lose $10 to make $50 potentially, your risk and return ratio is 1:5; if you are ready to lose $10 to potentially make $100, then the risk and return ratio is 1:10.

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　　The old adage “dont put all your eggs in one basket” may sound cliché, but it applies to every trader and investor regardless of the market in which one participates. Diversification allows investors to reduce the overall risk associated with their portfolio. However, this could also limit potential returns.

　　To fully comprehend the benefits of a well-diversified portfolio, we must first define correlation, which is the tendency of two currency pairs to move in the same direction. The correlation coefficient between the various pairs that comprise a portfolio determines the degree of risk involved. The correlation can be positive if both pairs move in the same direction (for example, both pairs rise or fall) or negative if one currency moves one way and the other moves the opposite way (for example, one security goes down, and the other goes up).

　　To illustrate in a more straightforward way, if a trader is trading all 3 pairs that are related to the Eurodollar, such as EUR/CAD, EUR/USD, and EUR/AUD. If the Eurodollar is gaining momentum, the trader in a long position could be making three times the profit. On the flip side, if the trader has a long position while the Eurodollar reverses, he could make three times more losses.


　　A traders goal is always to outperform the reference market benchmark over a medium-long term time horizon. The unwritten rule for achieving excellent currency portfolio diversification is that the more pairs used, the greater the likelihood of outperforming the reference benchmark. It is critical that the pairs are not correlated with each other, or as little as possible, because the return of the portfolio components will move independently.

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https://www.wikifx.com/en/newsdetail/202209306274585635.html

Abstract：According to prominent sources in the Retail FX and CFDs brokerage market, MetaQuotes has quietly let its clients know that the situation with Apple is fixable and that it is working on restoring both MT4 and MT5 on the Apple App Store "as soon as practical."



　　MetaQuotes, which provides MT4 and MT5, has contacted broker clients and technology partners.According to top sources in the Retail FX and CFDs brokerage business, MetaQuotes has discreetly let its customers know that the problem with Apple is fixable and that it is working on reinstating both MT4 and MT5 on the Apple App Store “as soon as feasible.”

　　A source of WikiFX claimed that MetaQuotes issued letters to its technology partners and brokerage customers today saying its White Label application is not accessible in the company's Support Site App Store. MetaQuotes won't process new White Labels “until further notice.”

　　MT4 and MT5 have more than 50% of the online trading industry, with most main CFD brokers and many smaller brokers providing one or both platforms, often with proprietary platforms or third-party alternatives.

　　MT4 and MT5 have spawned an entire industry, including dedicated server hosting, liquidity bridges, CRM systems, and broker add-ons. MT4/MT5 White Label solutions enable brokers operating other platforms or new startups to “white label” MT4 and MT5 as their own branded trading platforms without having to obtain a server license or manage other areas of the company, such as hosting, liquidity provider connections, and CRM.



　　Much of the internet conversation over the previous several days has focussed on a probable link to Russia. (Neither Apple nor MetaQuotes has commented) We don't trust this, considering what MetaQuotes tells certain brokerage customers. Cypriots have controlled MetaQuotes for 20 years. The company's founders are Russian, but they've lived in Cyprus, an EU nation, from the beginning.

　　We feel the “true” issue is how MetaTrader has been utilized by persons and companies unrelated to MetaQuotes. Forbes senior tech writer Cyrus Farivar wrote a column this month titled How One Man Lost $1 Million To A Crypto 'Super Fraud' Called Pig Butchering about a scam where crooks recruited retail traders to download MetaTrader.

　　Apple spokesman Adam Dema told Forbes that the firm is examining concerns regarding MetaTrader and would take extra steps to safeguard App Store customers if required.



　　MetaTrader wasn't utilized in the fraud, according to the subsequent investigation (perpetrated at some crypto trading firms). Apple wants MetaQuotes to adjust how it monitors who may use MT4 and MT5, for what reasons, and with which add-on apps, before reinstating them to the App Store. MetaQuotes is anticipated to take a more active role in regulating how its applications are utilized before MT4 and MT5 may be reinstated to the Apple App Store.

　　Our judgments are based on our observations and interactions with industry insiders, yet Apple and MetaQuotes remain mute

https://www.wikifx.com/en/newsdetail/202209293614211620.html

Abstract：In this day and age, the masses have been brainwashed to believe that money is everything. Many equate having money to having happiness, success, social status, and everything else that matters. Although it is not an absolute fact, there is some degree of logic behind the obsession with money today. 



　　Despite dealing with money on a day-to-day basis and having a certain degree of obsession with money, do you know the 3 types of money in the world？ Money is not solely the numerical figures in your bank account or the cash you hold in your hands. It is more than that, so keep reading for more.

　　Money as a financial instrument can be divided into three types. Though many other derivative products carry intrinsic monetary values, they are not accepted as an immediate payment form that could be used in exchange for goods and services.



　　Commodity money is a financial instrument that has been around for the longest period. In the olden days, humans used salt, beads, seashells, tobacco, silver, and gold as money in exchange for goods and services. As civilization advanced, a standardized system of trade was also developed. Unlike later forms of money, commodity money has a tangible store of value that is believed to withstand the test of time as its physicality gives users confidence in it. The commonly acknowledged and accepted commodities are gold, silver, uranium, and more.



　　Fiat money originated as pieces of paper during the Chinese Tang dynasty in the 11th century, making China the first country to use fiat money. Government officials authenticated Fiat money as a legal tender. It is not backed by any commodity, such as gold or silver. It could neither be redeemed nor converted. Its value is derived from government backing, allowing individuals and businesses to place their trust in it as long as they have faith in their government.

　　



　　

　　Representative money is a government-created instrument backed by a commodity or fiat currency. It generally represents something valuable but has little or no intrinsic value. Checks, credit cards and fiat money are the main examples of representative money that we use on a daily basis. The value of presentative money is derived from the government or the financial institutions that support it.

https://www.wikifx.com/en/newsdetail/202209279084160475.html

Abstract：MetaTrader (MT4 or MT5, depending on the version) was withdrawn from Apple's App Store last Friday. The app is still on Google Play.



　　The MetaQuotes software has been used to propagate a new sort of cryptocurrency fraud dubbed “pig butchering,” in which a scammer establishes a long-term connection with their victim before enticing them to contribute money over time. A significant feature of the scam is the use of fraudulent cryptocurrency applications and websites that promise to show the victim they're gaining money off their investment when the fraudster has stolen everything.

　　Two weeks ago, Forbes reported on a California fraud victim who lost $1 million last year. Cy's supposed transactions on MetaTrader showed him false returns. Apple spokesman Adam Dema said the firm was examining MetaTrader and considering extra steps to safeguard App Store customers.

　　Forbes didn't hear back from MetaQuotes. Squire Patton Boggs attorney Daniel Delnero, who told Forbes late Sunday night that his firm now represents MetaQuotes, did not answer by press time. Multiple emails to corporate addresses went unanswered. None of the company's global offices are mentioned on its Contacts page.

　　Apple and Google didn't comment.

　　Existing MetaTrader iOS installations work. Twitter users claim to sell iPhones with the software pre-installed for $15,000, 5,000 British pounds, or “$10k OBO.”

　　MetaTrader's licenses allow genuine trading by real brokerages, Forbes said. Oanda uses this agnostic trading platform. MetaTrader enables licensees to use a plug-in called Virtual Dealer, which fraudsters may use to manipulate market prices and replicate account balances, earnings, and losses. According to GASO, everything appears and feels authentic but is fake.

　　MetaTrader has not revealed how unethical actors may exploit the software to fabricate trades or what steps it has taken to prevent this.

　　Sen. Sherrod Brown, chairman of the Senate Banking Committee, wrote to Apple and Google CEOs in July about phony crypto applications in their app stores.

　　Other reputable forex news websites reported the app's withdrawal on Saturday.

　　Cy, the victim who hasn't recouped any of his money, said he was glad Apple banned the trading app. He told Forbes that excellent evaluations and availability on Apple's App Store prompted him to download it.

　　“Time,” he wrote. “How many victims died before we were heard？” It's proper. But the harm is done.

　　Jan Santiago, GASO's deputy director, was “happy” the app was removed.

　　Furthermore,

　　Metaquotes, the MetaTrader 4 platform's provider, will end support for all outdated platform releases below 1320 on October 1, 2021. Metaquotes may enhance the speed and stability of the whole MetaTrader 4 platform by mandating all users to use build 1320 or later.

　　This change will affect all customers who are using a desktop or mobile terminal that is less than the 1320 platform build. They will no longer be allowed to log in to their trading accounts as of October 1, 2021

https://www.wikifx.com/en/newsdetail/202209278494276679.html

Abstract：What would happen if the world imposed a single currency for all financial transactions? With the removal of MT4 and MT5 off Apple’s App Store, many are starting to wonder if this is the sign of a one-currency coming soon. Nevertheless, what is a one-currency world?



　　Before this, there was a widespread belief that cryptocurrency would replace the worlds foreign currency. This means that Japan will no longer use the Japanese Yen, and the United Kingdom will no longer use the Great Britain Pound (GBP). Instead, everyone in the world will be using cryptocurrency. That signals the end of the forex market as foreign currencies will no longer be needed in the world.

　　However, the massive decline in the cryptocurrency markets recently made the public realise that cryptocurrency has not reached a mature stage to act as a total replacement. Many also start to doubt if cryptos previous momentum was based on false promises. Simultaneously, precious metals such as gold also displayed weakness during a weak bear market, suggesting that it is no longer a commodity that could be trusted to fight inflation.



　　So, why not take a second and start considering the pros and cons of a one-currency world？ Like everything else, there are always two sides to a coin.

　　In terms of benefits, operating with a single universal currency could allow both parties to save on transaction and conversion fees, trade improvements as a currency could flow without many hurdles, and stable money that could prevent the occurrence of hyperinflation.

　　On the flip side, its implementation might not be suitable for every country because each country‘s economic condition is different. Consequently, this could also negatively impact a country’s monetary policy as it is difficult to benefit all countries equally.

　　In summary, despite many would fear the removal of MT4 and MT5 could imply the start of a worldwide currency revelation, the world might not be ready for such a radical change. It could come sometime in the future, but not instantaneously.

https://www.wikifx.com/en/newsdetail/202209266924779759.html

Abstract：This weekend, social media was ablaze with reports that Apple removed the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading apps from its App Store sometime late last week.


　　It is shocking news to all that MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are no longer available for download on Apples App Store. These 2 are popular forex and contract for difference (CFD) trading platforms that have accounted for over 50% of the market share in the world of online trading.


　　Although neither Apple nor MetaQuotes have commented on the removal of these two platforms from the App Store, there are many speculations floating around. Some suggested that this could relate to the Western sanctions on Russian entities because of the Russia-Ukraine war. This is because these two platforms are the creation of MetaQuotes Software Corp., a Russian software fintech company registered in Cyprus. Simultaneously, some claimed that this is due to the overwhelming of scam cases that took place on MetaTrader platforms. Therefore the ban is to ensure that they have a better and stricter policy to prevent such “pig butcher scams” do not continue to persist.


　　However, the silver lining is that this only affects users who have yet to download the apps. Whoever already has these two apps on their Apple smartphones will remain unaffected. In addition, both desktop and web versions are still available on computers. To date, Google Play is still offering both MT4 and MT5 for android users.

　　Another thing to note is that despite being a main dominant player in the Forex and CFD industry, MetaTrader is not a monopoly player. Several alternatives are still available, such as TradingView, cTrader, eToro and Capital.com.

　　Another trend we have noticed in the last few days is the mushrooming “opportunists” looking to capitalise on the situation. On Twitter, several offers for iPhones with MT4 or MT5 are already preloaded for up to $5,000. Several MetaQuotes competitors have also been actively posting posts like “try our alternative trading platform.”

https://www.wikifx.com/en/newsdetail/202209259534520815.html

Abstract：The [url=https://www.wikifx com/en/]trading[/url] apps are still available on Google Playstore. Finance Magnates has reached out to MetaQuotes for a comment.

MT4 and MT5 Trading Apps Have Been Removed from Apple App.

　　Popular forex and contract for difference (CFD) trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), are no longer available for downloading on the Apple App Store.

　　Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

　　Finance Magnates check shows that the trading apps do not come up when a search entry is done on the Apple App Store. However, they are still available on the Google Playstore.

　　MT4 and MT5 were developed by MetaQuotes, a leading software development company registered in Cyprus. MetaQuotes is said to have originated in Russia.

　　As of press time, Finance Magnates is yet to get a response from MetaQuotes on why the mobile applications were pulled down.

　　While MT4 was introduced in 2005, the upgraded MT5 was released in 2010.

　　MT4 and MT5 support Windows and Mac OS operating systems for desktop usage. They also support Android and iOS operating systems for mobile use.

　　However, MetaQuotes does not support the use of MT4 on Mac OS. Nonetheless, white label brokers provide customized versions to their clients.

　　According to Finance Magnates Intelligence's analysis, MT4 and MT5 boasted a combined 78.7% share of the market at the close of 2020.

https://www.wikifx.com/en/newsdetail/202209238484140122.html

Abstract：It is advisable to understand as much as you can about how financial markets operate, gather data on the assets of your choice, and eventually adopt some rules or discipline if you want to become a trader with a detailed strategy. A trading style serves as the foundation of your trading discipline. Find one that fits you by continuing to read.

img_v2_1de7e208-03bc-40e8-bcac-8078c6c193eg.jpg
　　It is advisable to understand as much as you can about how financial markets operate, gather data on the assets of your choice, and eventually adopt some rules or discipline if you want to become a trader with a detailed strategy. A trading style serves as the foundation of your trading discipline. Find one that fits you by continuing to read.

　　Here, we'll discuss the trading strategy: position trading, swing trading, day trading, and scalping. The duration of each deal is the primary distinction between them.

　　Why commit to one trading strategy when I can change it？ Undoubtedly, you can change. But we advise you to obediently stick to yours. By doing so, you can prevent rash decisions and produce measured, predictable results. Let's finally discuss these tactics now.

　　Daily Trading. Your deals take up to a day in this style, as implied by the name. Let's imagine you wish to adjust your daily trading outcomes since you don't feel comfortable leaving your deals open overnight. Then you should try this look. Deal duration is larger than in scalping so that intraday trading strategies can be used, but it is still shorter than in swing trading.

　　Scalping. The fastest of all four. This trading strategy is based on an assumption that every trading instrument will complete the first stage of a movement. Whether you feel that it is going to be ascendant or descendant, choose buy or sell type of a deal. After the graph spiked, fix your profit immediately. This approach is very different from “let your profits run” and requires your trading sessions to be somewhat cautious and high-attentive. Using scalping as a primary trading style may be tricky, because, as mentioned before, constant chart control might cause fatigue. A scalper tends to use one-minute charts and instant executions of orders to keep the trading flow as close to real-time as possible.

　　Swing Investing If you have the patience to wait, swing trading may be the answer for you. However, if you don't have a tendency to ignore stop-losses. This type of deal should have a substantially larger stop-loss because large returns typically come with more risk. The same is true for a long period of time: before the price hits your take-profit, the trend may change numerous times from bullish to bearish.

　　Trading in positions. The most patient people should trade positions. Since trading might last for years, it is preferable to refer to it as investing. Your choices in this type of trading should be based on clear, long-term insights. Consider that you have a unique insight into the prognosis, you can start a short position on the USD because you believe the US economy would shortly enter a full-scale recession. It won't happen in a matter of seconds, hours, days, or perhaps even months. You wait patiently. If you get anxious every time the graph moves in the opposite direction of what you want, you should probably choose a shorter-term trading approach.

　　Conclusion

　　For comfortable trading, picking the appropriate trading approach is important. Trade in accordance with your risk appetite and pay attention to your thoughts. Extremely risky actions could lead to severe losses and rapid burnout. So, think about modifying your trading style to suit your personal pace of live.

https://www.wikifx.com/en/newsdetail/202209212294457756.html

Abstract：Identifying the direction of the market trend is key to trading any financial markets, not just the forex market.


　　Traders and technical analysts have different ways of determining the trend direction, but moving averages perhaps are one of the the most popular technical indicators due to its easy-to-use nature and multitude of uses when trading. The moving average itself may also be the most important indicator, as it serves as the foundation of countless others, such as the Moving Average Convergence Divergence (MACD).

　　In this article, we will introduce what the indicator means, the various types and show you the different ways to use moving averages in your trading.

　　Definition of Moving Average

　　The moving average (MA) is an average of specific price data over a specified period, and since the price is continuously moving and generating new data, the average is also changing continuously — hence, the name moving average.

　　On chart, the MA is a line that follows the trend, giving you an idea of which way the market is moving. The Moving Average is a lagging indicator meaning it follows the trend. It is often used in conjunction with other indicators to give you an indicator or when to trade or when a trend is about to reverse.

　　There are a few different types of Moving Averages and amongst them the most famous ones are:

　　1. Simple Moving Average (SMA)

　　The SMA is a basic average of price over the specified timeframe. For example, if one plots a 50-period SMA onto a chart, it will add up the previous 50 closing prices and divide by the number of periods (50) in order to determine what the current value of the SMA should be. The series of various points are joined together to form a line.

　　Price tends to be above moving averages in uptrends as various lower prices will be baked into the reading from earlier in the trend. For the same reasons, in a downtrend, the moving average will be negatively sloped and price will be below the moving average.

　　2. Exponential Moving Average (EMA)

　　An Exponential Moving Average is a variation of moving averages- one that gives more weighing to recent data as opposed to all data.

　　Since the Exponential Moving Average gives more weight to recent data, it is more sensitive to the recent price moves. Thus, for the same period, the EMA line is closer to the price bars than the SMA line.

　　3. Weighted Moving Average (WMA)

　　The weighted moving average (WMA) gives you a weighted average of recent prices, where the weighting decreases with each previous price. This works similarly to the EMA, but you calculate the WMA differently.

　　You can customize the weighted moving average more than the SMA and EMA. The most recent price points are usually given more weight. It could also work the other way, where you give historical prices more weight.

　　Trading with Moving Averages

　　1. Trading with one MA

　　This is the most basic and universal approach. Since only one indicator is needed for the analysis, the position should be open when the price crosses the MA: If the price crosses MA upwards, a long position opens. If the price crosses MA downwards, its best to sell.


　　AS the chart above, when the price crosses the 50 MA upwards, it signifies a buy signal. When the price crosses the 50 MA downwards, it signifies a sell signal.

　　One of the strategys shortcomings is that there are many false signals. One MA can help catch a major trend, but before that, you might have to open several losing positions. That is why you have to set a stop loss for each position and allow the profit to grow, thus compensating for the previous losses.

　　2. Trading with two moving averages

　　This approach is similar to the previous one, but here the chart has two MAs with different time parameters. The signal will be the intersection of the two MAs. For example, we use the 20-day moving average and the 50-day moving average to illustrate the trading strategy:


　　As we can see from the chart above, the red line represents the 50-day moving average and the blue line represents the 20-day moving average, which is generally regarded as an important short-term technical indicator. Upward momentum is confirmed with a bullish crossover, which occurs when a short-term moving average crosses above a longer-term moving average. Conversely, downward momentum is confirmed with a bearish crossover, which occurs when a short-term moving average crosses below a longer-term moving average.

　　3. Using moving averages with indicators

　　The use of moving averages in combination with indicators is widespread. In fact, there are a few popular indicators that are used in conjunction with moving averages. Amongst the most popular ones are: RSI, MACD and Bollinger Bands.

　　For example, we use MA+MACD strategy to make the trading decision. MACD is an oscillator that uses the data on two MAs and their interactions.


　　Moving averages are about the most commonly used indicator among financial market traders — both price action traders and indicator followers use it. A lot of things you can do with moving averages — study them and formulate a strategy that suits you.

　　There are pros and cons and one needs to consider them all when trading with moving averages. You should test different combinations of moving average crossovers and then choose the one that fits your needs. You should also test different instruments and timeframes and see which one best fits your personality.

https://www.wikifx.com/en/newsdetail/202209217904412777.html

Abstract：As a new trader you may be finally getting into the markets and want to trade immediately and in the market for a broker. You may see some brokers offering high leverage or big lot sizes which then makes you wonder what exactly are those and why those matter. Today we will be delving in what lot seizes and leverage are and why these concepts are important when choosing a broker


　　As a new trader you may be finally getting into the markets and want to trade immediately and in the market for a broker. You may see some brokers offering high leverage or big lot sizes which then makes you wonder what exactly are those and why those matter. Today we will be delving in what lot seizes and leverage are and why these concepts are important when choosing a broker

　　Lot sizes and leverage is very dependent on brokers so when you are doing research on which broker offers the best lot sizes and leverage for your needs search through the WikiFx app. This app will help you find the best regulated and verified brokers in your country. They also show you which brokers are scammers so that you stay far away from them. They can also help you recover your money if there is any broker misconduct so next time a broker gives you trouble you use WikiFx to get it sorted out.

　　Lot size refers to the standard used to define how big of a position you are going to take or how much money you are going to be risking. There are four lot sizes which represent the number of currency units you will be using to purchase or sell the against a currency. The four sizes are Standard lot with 100000 currency units, Mini lot with 10000 units, Micro lot with 1000 units and Nano lot with 100 units. These units represent how much of a currency you have bought sold and how much each pip will be valued at. When you enter a broker sign up page they will ask if you want to open according to the four sizes of lot sizes we have talked about above. It also defines the minimum and maximum pip lot sizes you can have per account so if you have small fund perhaps opening micro and Nanos accounts. But if you have more money to invest then go ahead for a standard account

　　Leverage is a different mechanism that helps traders increase the value of the pips they win or lose. If say a broker offer you a 1:500 leverage it means that at most, you could trade the value of 500 lots using one dollar. Meaning that when you have 1000 dollars you can place a trade of a value of 500000 dollars. This is a double edge sword as fair and fine you get to trade with more money without necessarily having some, but you can also lose your investment even faster and the bigger pip size means bigger loses for you.

　　So when opening a trading account you chose what type of account its will be then there will be a leverage which is permitted for that account. You can use this in a manner that helps maximize your returns and to decrease your loss. Just make sure that the broker you are using is a reputable one because your funds my be at risk of shady brokers. Some brokers use this tactic to over risk your small account. If you see a broker offering crazy leverage sizes they probably have some shady spread tactics that will stop you out quicker than you can react and take you money. So remember to look through WikiFx for a avoid broker that operates to strict standards and practices.

https://www.wikifx.com/en/newsdetail/202209216944597591.html

Abstract：Forex refers to the buying, selling, and exchanging of currencies at predetermined prices. In 1992, a man dubbed "George Soros' gained one billion dollars by trading currencies. If you want to trade USD/INR in India, you may do it on the National Stock Exchange.

The Advantages of Being a Forex Trader You Should Be Aware Of (1).png
　　Can You Become a Millionaire Through Forex Trading？

　　Forex is a currency trading industry that operates over the counter (OTC). This market sets the exchange rates for all currencies. Forex refers to the buying, selling, and exchanging of currencies at predetermined prices. In 1992, a man dubbed 'George Soros' gained one billion dollars by trading currencies. If you want to trade USD/INR in India, you may do it on the National Stock Exchange.

　　If you trade Futures here, deals are made in lots of 1000 units. Trades are conducted by depositing an Initial Margin. Following the first margin deposit. If your transaction fails, you may take the loss and cancel the contract. Alternatively, if you believe that this loss is transitory and you want to keep or keep your position, you must pay the amount of loss.

　　This is referred to as the Maintenance margin. You had accumulated Rs. 70,000 at the end of the month, including this Profit of Rs. 5000. You could easily get the ring for Rs. 75,000. Because you had hedged your position by purchasing the contract on the exchange, this was doable. Trading with foreign brokers who are not authorized brokers is illegal in India.

　　It is considered a violation to transmit money to any foreign broker for margin financing. Mr. Warren Buffet, the Wall Street icon, once said, “We don't have to be smarter than the others.”

　　How Long Does It Take To Learn How To Trade Forex？

　　Forex, despite its appearance on the internet, is exceedingly difficult. Forex is a zero-sum market, which means you must have the advantage to profit. It's also a very liquid and complicated market. This implies that it is well-known for stealing money from retail traders since around 70-90% of forex traders lose money.

　　How long does it take the remaining 10-30% of traders to master the art if we discount the 70-90% of traders that lose money attempting to trade forex？ On average, it will take a determined student around a year to learn to trade forex.

　　When it comes to markets, you never stop learning. There are always modifications to be made, items to be tried, new market circumstances, new tactics to be implemented - the list goes on and on. After roughly a year, you should be lucrative in the market (not losing money). I'd expect to see a decent degree of consistency month after month after another 6 months to a year.

Increasing Asia Business (2) (1).png
　　Small market fluctuations may have a large effect. The majority of FX trading instruments are extremely leveraged. You only pay a percentage of the value of the deal upfront, but you are still liable for the whole amount.

　　The exchange rate is quite variable. They tend to move about a lot, even in brief bursts. There are major investing risks since currency changes might cause you to lose money.

　　Currency markets are notoriously difficult to forecast. Exchange rates are influenced by a variety of things.

　　Risk management strategies provide very limited protection. Stop loss orders merely limit your losses. You may also pay a fee to have your stop loss order guaranteed.

　　Forex fraud and scams Offers and advertising that seem to be too good to be true most likely are. Learn more about foreign currency trading fraud from the US Commodity Futures Trading Commission.

　　Risks associated with forex providers If your FX supplier went bankrupt, you could not receive your money back.

　　Trading delays may have a significant impact on outcomes. You may be unable to execute transactions when you would want to due to a lack of liquidity in the market, execution risk, or computer system issues.

　　About WikiFX

　　WikiFX is a global corporate financial information searching tool. Its core function is to provide basic information searching, regulatory license searching, credit evaluation, platform identification and other services to the included foreign exchange trading companies.

https://www.wikifx.com/en/newsdetail/202209193034356336.html

Abstract：It is useful to understand what is the difference between trading with a big account and a small account in forex trading.



　　Last week, we posted an article which concluded that there is no fixed answer when it comes to determining a starting capital for forex trading. One should do what one feels comfortable and reasonable instead of adhering to a solid number because trading is all about 80% psychology with only 20% in execution and analysis.



　　For more information, you can read this article here: https://www.wikifx.com/en/newsdetail/202209158114807006.html 

　　To make this article easily understood by everyone, we will be demonstrating the difference in 2 examples.

　　Trade risk is calculated based on this formula below:



　　Example 1: having $100.00 trading capital

　　If you want to risk only 1% of $100, the stop loss should be placed where you are only losing $1.

　　If you place a trade on GBP/JPY, trading a lot size of 0.01, your stop loss order is 10 pips. If you have a position size of 0.01, your stop loss will be just 1 pip which is not realistic at all!

　　Example 2: having $1,000.00 trading capital

　　We shall maintain the same percentage of risk in this example as well. 1% of the $1,000 will be $10. Therefore, if you are trading a lot size of 0.01, your stop loss could be as far as 100 pips away. On the contrary, for a lot size of 0.1, your stop loss is 10 pips away. Not only does this provide more flexibility in the scopes of adjusting the size of stop loss, but it also allows a trader to have a bigger lot size while still keeping the risk in check reasonably.

　　Although you have seen how impactful a change in trading capital could be to ones trading strategy and plan, do not be discouraged by any means if you only have a limited amount of funds to start with. You can always work your way up by compounding. Also, learning how to trade with a small fund is always a lot more beneficial because you have lesser to lose when you are still an amateur

https://www.wikifx.com/en/newsdetail/202209195214405603.html

Abstract：Candle patterns are an important way to identify the current forex market. You'll notice many variations in candle patterns.



　　What is Tweezer Candlestick Formation？

　　Pattern analysis is a very important technical analysis method in FX trading market, and reversal pattern analysis among them has made many investors puzzled. Since the everlasting changeable forex situation, the market trend often reverses, which usually makes some investors unprepared to react, causing large or small losses to them. Tweezer candlestick pattern is one of the reversal patterns. It is used as a reliable indicator of reverse trading.

　　The tweezer pattern commonly involves two candlesticks in opposite colors. Their bodies are almost the same length and even longer as the other candlesticks. This pattern usually occurs at the end of a trend (low or high). It is seen as a sign of a market reversal. You can use it to make profitable trades.

　　Different Types of Tweezer Candlesticks

　　Tweezer top and bottom, also known as tweezers, are reversal candlestick patterns that signal a potential change in the price direction. Both formations consist of two candles that occur at the end of a trend, which is in its dying stages.

　　The Tweezer Top formation is viewed as a bearish reversal pattern is seen at the top of uptrends and the Tweezer Bottom formation is viewed as a bullish reversal pattern seen at the bottom of downtrends. Essentially, with both formations, either buyers or sellers were not able to push the top or bottom any further. Both types of patterns require close observation and research to be interpreted and used correctly.

　　

　　▶Tweezer Top Formation

　　Tweezer Top pattern is a bearish reversal candlestick pattern that is formed at the end of an uptrend. It consists of two candlesticks -- Bullish Candle + Bearish Candle. The first one being bullish and the second one being bearish candlestick.

　　Both the tweezer candlestick make almost or the same high.



　　▶Tweezer Bottom Formation

　　Tweezer Bottom candlestick pattern is a bullish reversal candlestick pattern that is formed at the end of the downtrend.

　　It consists of two candlesticks -- Bearish Candle + Bullish Candle. Tthe first one being bearish and the second one being bullish candlestick.

　　Both the candlesticks make almost or the same low.



　　How to Interpret Tweezer Patterns？

　　As reversal patterns, tweezers are quite popular with traders searching for clues for when the market will change direction. Reversals offer a great risk/reward ratio as we may be presented with an opportunity.

　　For this reason, tweezers are a popular tool of gauging the market sentiment and interpreting information from the candlesticks. While the trend may continue in the same direction even though tweezers are in place, which of course is more than normal, given that no pattern is perfect, the appearance of the second candle signals that the opposite force is growing in the game, which had been dominated by one side.

　　Tweezer bottoms are considered to be short-term bullish reversal patterns, whereas tweezer tops are thought to be bearish reversals. Essentially, with both formations, either buyers or sellers were not able to push the top or bottom any further. Both types of patterns require close observation and research to be interpreted and used correctly.

　　A bearish tweezer top occurs during an uptrend when bulls push prices higher, often ending the day near the highs (generally considered a strong bullish signal). Then, on the following (second) day, traders reverse their market sentiment. The market opens, does not breach the prior day's highs, and heads straight down, often eliminating most of the prior period's gains.

　　▶Trade the Tweezer Top Pattern

　　The tweezer top candlestick formation occurs at the top of an uptrend, therefore it is a bearish pattern. In the example below, we have a EUR/USD daily chart and the initial trend is bullish.



　　As you can see, it is an extremely powerful bullish trend. At the top, the price action gaps higher and continues in the same direction. Albeit the strong powerful trend, the next candle is extremely bearish as its body is almost double the body of the prior candle.

　　Hence, not only were the prior candles gains erased, but the gap was filled in as well. This type of a bearish tweezer is extremely strong due to the shape of the second candle, and the chances of a reversal are very high.

　　Our entry is where the second candle closed the day.

　　Thus, we use different types of analysis to see where the reversal may end. Given the strength of the bull run, it is likely that the reversal will be powerful as well. Finally, we take the start of the bull trend as a reference for take profit.

　　▶Trade the Tweezer Bottom Pattern

　　On the flip side, a bullish tweezer bottom is realized during a downtrend when bears continue to drive prices lower, closing the day near lows (usually a strong bearish trend). Again, Day 2 is a reversal, as prices open, do not breach the prior day's lows, and head sharply higher. A bullish advance on Day 2 can quickly eliminate losses from the previous trading day.



　　As talked earlier, the bullish tweezer occurs at the bottom of a downtrend. The EUR/USD price action on the daily chart had been moving lower for a longer period of time, as a series of the lower highs and lower lows was recorded.

　　If you look at the bullish tweezer at the bottom, the first candle is a strong powerful bearish candle that signals the continuation of the downside move. However, the second candle prints a new short-term low before surging higher to erase almost all losses that occurred in the prior session.

　　Going forward, the bulls are able to build on the gains made during the second candles timeframe and ultimately push the price action higher, completely reversing the trend.

　　Our entry is where the second candle closed the day.

　　In this case, we see a very strong bullish candle that further adds to the overall bullishness of the tweezer bottom candlestick pattern. This is, among other things, the reason the reversal was extremely powerful.

　　What are the Pros and Cons Using Tweezer Top and Bottom Patterns？

　　Pros

　　Lets look at the pros of the tweezer top and bottom patterns:

　　· Tweezer patterns are reliable price reversal patterns that place traders at the top of a new trend.

　　· The tweezer pattern can reliably explain buyer and seller sentiment.

　　· Tweezer patterns from a necessary support and resistance level increase the trading accuracy of other indicators and methods.

　　· This trading strategy integrates well with other indicators.

　　Cons

　　There are also some downsides to using the tweezer top and bottom patterns:

　　· It can be tricky to rely on trend reversal just by looking at two candles. The addition of increased volatility indicates a highly probable price reversal.

　　· If the tweezer pattern forms against a major trend, it may not work as well.

　　· Tweezer patterns occur regardless of market volatility and uncertainty.

　　· Investors should use other indicators besides the tweezer pattern to increase its accuracy.

　　Combine With Other Signals

　　In financial trading, investors are advised to use multiple methods to increase the probability of a trading entry. Using tweezer patterns are a reliable way to catch a trend from its beginning.

　　When a tweezer top appears at a swing high, it indicates that bulls are getting out of the market—and bears may be taking over. The reverse is true for a tweezer bottom at a swing low. Therefore, investors should manage their trades by closing a profit and moving the stop-loss to break-even. Overall, the tweezer trading method is profitable -- provided that traders can match this pattern with other signals for additional confirmation like support, resistance, market context, volume or trend.How to Trade the Tweezer Candlestick Patterns?

https://www.wikifx.com/en/newsdetail/202209195214405603.html

Abstract：Candle patterns are an important way to identify the current forex market. You'll notice many variations in candle patterns.



　　What is Tweezer Candlestick Formation？

　　Pattern analysis is a very important technical analysis method in FX trading market, and reversal pattern analysis among them has made many investors puzzled. Since the everlasting changeable forex situation, the market trend often reverses, which usually makes some investors unprepared to react, causing large or small losses to them. Tweezer candlestick pattern is one of the reversal patterns. It is used as a reliable indicator of reverse trading.

　　The tweezer pattern commonly involves two candlesticks in opposite colors. Their bodies are almost the same length and even longer as the other candlesticks. This pattern usually occurs at the end of a trend (low or high). It is seen as a sign of a market reversal. You can use it to make profitable trades.

　　Different Types of Tweezer Candlesticks

　　Tweezer top and bottom, also known as tweezers, are reversal candlestick patterns that signal a potential change in the price direction. Both formations consist of two candles that occur at the end of a trend, which is in its dying stages.

　　The Tweezer Top formation is viewed as a bearish reversal pattern is seen at the top of uptrends and the Tweezer Bottom formation is viewed as a bullish reversal pattern seen at the bottom of downtrends. Essentially, with both formations, either buyers or sellers were not able to push the top or bottom any further. Both types of patterns require close observation and research to be interpreted and used correctly.

　　

　　▶Tweezer Top Formation

　　Tweezer Top pattern is a bearish reversal candlestick pattern that is formed at the end of an uptrend. It consists of two candlesticks -- Bullish Candle + Bearish Candle. The first one being bullish and the second one being bearish candlestick.

　　Both the tweezer candlestick make almost or the same high.



　　▶Tweezer Bottom Formation

　　Tweezer Bottom candlestick pattern is a bullish reversal candlestick pattern that is formed at the end of the downtrend.

　　It consists of two candlesticks -- Bearish Candle + Bullish Candle. Tthe first one being bearish and the second one being bullish candlestick.

　　Both the candlesticks make almost or the same low.



　　How to Interpret Tweezer Patterns？

　　As reversal patterns, tweezers are quite popular with traders searching for clues for when the market will change direction. Reversals offer a great risk/reward ratio as we may be presented with an opportunity.

　　For this reason, tweezers are a popular tool of gauging the market sentiment and interpreting information from the candlesticks. While the trend may continue in the same direction even though tweezers are in place, which of course is more than normal, given that no pattern is perfect, the appearance of the second candle signals that the opposite force is growing in the game, which had been dominated by one side.

　　Tweezer bottoms are considered to be short-term bullish reversal patterns, whereas tweezer tops are thought to be bearish reversals. Essentially, with both formations, either buyers or sellers were not able to push the top or bottom any further. Both types of patterns require close observation and research to be interpreted and used correctly.

　　A bearish tweezer top occurs during an uptrend when bulls push prices higher, often ending the day near the highs (generally considered a strong bullish signal). Then, on the following (second) day, traders reverse their market sentiment. The market opens, does not breach the prior day's highs, and heads straight down, often eliminating most of the prior period's gains.

　　▶Trade the Tweezer Top Pattern

　　The tweezer top candlestick formation occurs at the top of an uptrend, therefore it is a bearish pattern. In the example below, we have a EUR/USD daily chart and the initial trend is bullish.



　　As you can see, it is an extremely powerful bullish trend. At the top, the price action gaps higher and continues in the same direction. Albeit the strong powerful trend, the next candle is extremely bearish as its body is almost double the body of the prior candle.

　　Hence, not only were the prior candles gains erased, but the gap was filled in as well. This type of a bearish tweezer is extremely strong due to the shape of the second candle, and the chances of a reversal are very high.

　　Our entry is where the second candle closed the day.

　　Thus, we use different types of analysis to see where the reversal may end. Given the strength of the bull run, it is likely that the reversal will be powerful as well. Finally, we take the start of the bull trend as a reference for take profit.

　　▶Trade the Tweezer Bottom Pattern

　　On the flip side, a bullish tweezer bottom is realized during a downtrend when bears continue to drive prices lower, closing the day near lows (usually a strong bearish trend). Again, Day 2 is a reversal, as prices open, do not breach the prior day's lows, and head sharply higher. A bullish advance on Day 2 can quickly eliminate losses from the previous trading day.



　　As talked earlier, the bullish tweezer occurs at the bottom of a downtrend. The EUR/USD price action on the daily chart had been moving lower for a longer period of time, as a series of the lower highs and lower lows was recorded.

　　If you look at the bullish tweezer at the bottom, the first candle is a strong powerful bearish candle that signals the continuation of the downside move. However, the second candle prints a new short-term low before surging higher to erase almost all losses that occurred in the prior session.

　　Going forward, the bulls are able to build on the gains made during the second candles timeframe and ultimately push the price action higher, completely reversing the trend.

　　Our entry is where the second candle closed the day.

　　In this case, we see a very strong bullish candle that further adds to the overall bullishness of the tweezer bottom candlestick pattern. This is, among other things, the reason the reversal was extremely powerful.

　　What are the Pros and Cons Using Tweezer Top and Bottom Patterns？

　　Pros

　　Lets look at the pros of the tweezer top and bottom patterns:

　　· Tweezer patterns are reliable price reversal patterns that place traders at the top of a new trend.

　　· The tweezer pattern can reliably explain buyer and seller sentiment.

　　· Tweezer patterns from a necessary support and resistance level increase the trading accuracy of other indicators and methods.

　　· This trading strategy integrates well with other indicators.

　　Cons

　　There are also some downsides to using the tweezer top and bottom patterns:

　　· It can be tricky to rely on trend reversal just by looking at two candles. The addition of increased volatility indicates a highly probable price reversal.

　　· If the tweezer pattern forms against a major trend, it may not work as well.

　　· Tweezer patterns occur regardless of market volatility and uncertainty.

　　· Investors should use other indicators besides the tweezer pattern to increase its accuracy.

　　Combine With Other Signals

　　In financial trading, investors are advised to use multiple methods to increase the probability of a trading entry. Using tweezer patterns are a reliable way to catch a trend from its beginning.

　　When a tweezer top appears at a swing high, it indicates that bulls are getting out of the market—and bears may be taking over. The reverse is true for a tweezer bottom at a swing low. Therefore, investors should manage their trades by closing a profit and moving the stop-loss to break-even. Overall, the tweezer trading method is profitable -- provided that traders can match this pattern with other signals for additional confirmation like support, resistance, market context, volume or trend.
　　Our entry is where the second candle closed the day.

　　In this case, we see a very strong bullish candle that further adds to the overall bullishness of the tweezer bottom candlestick pattern. This is, among other things, the reason the reversal was extremely powerful.

　　What are the Pros and Cons Using Tweezer Top and Bottom Patterns？

　　Pros

　　Lets look at the pros of the tweezer top and bottom patterns:

　　· Tweezer patterns are reliable price reversal patterns that place traders at the top of a new trend.

　　· The tweezer pattern can reliably explain buyer and seller sentiment.

　　· Tweezer patterns from a necessary support and resistance level increase the trading accuracy of other indicators and methods.

　　· This trading strategy integrates well with other indicators.

　　Cons

　　There are also some downsides to using the tweezer top and bottom patterns:

　　· It can be tricky to rely on trend reversal just by looking at two candles. The addition of increased volatility indicates a highly probable price reversal.

　　· If the tweezer pattern forms against a major trend, it may not work as well.

　　· Tweezer patterns occur regardless of market volatility and uncertainty.

　　· Investors should use other indicators besides the tweezer pattern to increase its accuracy.

　　Combine With Other Signals

　　In financial trading, investors are advised to use multiple methods to increase the probability of a trading entry. Using tweezer patterns are a reliable way to catch a trend from its beginning.

　　When a tweezer top appears at a swing high, it indicates that bulls are getting out of the market—and bears may be taking over. The reverse is true for a tweezer bottom at a swing low. Therefore, investors should manage their trades by closing a profit and moving the stop-loss to break-even. Overall, the tweezer trading method is profitable -- provided that traders can match this pattern with other signals for additional confirmation like support, resistance, market context, volume or trend.

https://www.wikifx.com/en/newsdetail/202209164884830807.html

Abstract：Over 190,000 internet merchants operate in South Africa, and this figure is rising quickly. Today, the majority of individuals view trading as a way to make quick money and are unaware of the complex techniques used by internet fraudsters to con others. No trader like the idea of getting conned, but it's a risk they take, so they need to be prepared in case it ever happens when they're trading online.



　　Over 190,000 internet merchants operate in South Africa, and this figure is rising quickly. Today, the majority of individuals view trading as a way to make quick money and are unaware of the complex techniques used by internet fraudsters to con others. No trader like the idea of getting conned, but it's a risk they take, so they need to be prepared in case it ever happens when they're trading online.

　　Many people have previously fallen victim to fraud, and the majority of them are highly educated people. Some of them choose not to disclose the scam for a variety of reasons, including the small amount they lost, the belief that it would not make a difference, the desire to forget it ever occurred, being too humiliated to confess they were duped, and not knowing which authority to complain to.

　　It's not a good idea to do nothing after being conned since the con artist could continue to defraud people and harass you again. When you report a fraud, the identity of the perpetrator is placed to a database and watch list maintained by numerous cooperating law enforcement authorities.

　　Law enforcement will handle the issue more urgently if there are many complaints about the same con artist. If you ever discover that you have been defrauded when trading online, the first thing you should do is safeguard your account and halt any future money losses. After that, you should denounce the scam and take steps to get your money back.

　　Protecting your account after being conned

　　Block all payment cards: If you have given a fraudster access to your credit or debit card information, you should immediately block the cards by calling your bank's hotline. For banning debit cards from being used on your phone, several banks offer USSD codes. A card can be blocked, then a new one requested.

　　Some banks provide virtual cards that can only be used for online purchases. You only transfer the necessary amount to the virtual card from your primary account before making a purchase. This restricts any loss to the value of the virtual card alone.

　　Contact your bank right away to deactivate your account and put all of the money in it in suspense if you have reason to think the con artist has accessed your bank account and has made unlawful withdrawals. You might call banks' USSD codes for account deactivation from your mobile device.

　　A stronger password should be used for your trading account and any other credentials that have been obtained after a fraud. Always use alphanumeric characters and unusual characters in your passwords.

　　Change your trading account password on any other apps you may have used, since fraudsters may attempt it elsewhere if they suspect you are using it.

　　Amass your proof: You should keep safe any receipts and correspondence between you and the con artist so that you may use them as proof. The receipts will be offered to law enforcement when you press for fund recovery in order to expedite the process.

https://www.wikifx.com/en/newsdetail/202209165724434281.html

Abstract：Economic experts have advised that the only way out is a complete economic restructuring away from a mono-cultural economy to a more diversified economy as currency rate pressures persisted in the Nigerian foreign exchange market through last week.



　　Economic experts have advised that the only way out is a complete economic restructuring away from a mono-cultural economy to a more diversified economy as currency rate pressures persisted in the Nigerian foreign exchange market through last week.

　　The Naira averaged N430 to one US dollar over weekend, compared to N429 at the start of trade on Monday in the Investors and Exporters window.

　　The local currency slightly declined on the black market, closing at N682/USD1 as opposed to N680/USD1 on Monday.

　　The second week of August saw the exchange rate reach an all-time high of N720/USD1.0, which caused the National Assembly to call the Central Bank of Nigeria, CBN, before it for an explanation.

　　However, the majority of economic experts were concerned that lawmakers were looking for a scapegoat rather than addressing the economic and fiscal issues that have damaged the country and its currency over the years.

　　Professor Ken Ife, a development consultant and the lead consultant for industry and private sector development at the ECOWAS Commission, said the problems with the volatility in the foreign exchange market are more due to structural and fiscal imbalances than problems with monetary policy at a seminar for financial journalists last weekend.

　　According to him, inflation and currency rates are more unpredictable than interest rates when it comes to price stability.

　　Insecurity, borrowing, a lack of infrastructure, and other structural factors, he said, “play more of a significant role in driving inflation than money supply in Nigeria at the moment,” and he added that “exogenic forces on oil/gas price and production, foreign exchange demand pressure, import appetite, speculation, insecurity, and insecurity play a significant role in driving foreign exchange rates.”

　　In suggesting remedies, he noted that the CBN must utilize domestic financial intervention to restrain these dynamics and invest in infrastructure to broaden the economy and wean it from its monocultural reliance on oil and gas as the primary source of foreign cash. The transmission and effectiveness of monetary policy instruments are both constrained by numerous structural constraints.

　　In addition, he repeatedly emphasized the part that governance problems played in the never-ending interventions in virtually every sector, saying, I don't believe there are governance issues in the domestic finance intervention from the standpoint of the CBN. Because of the uncertainty and structural issues at play, the CBN has emphasized, and properly so, investments in infrastructure, economic development, diversification, and employment, and selects an appropriate mix or blend of monetary policies to support these, not the other way around.

　　Dr. Biodun Adedipe, Chief Consultant at the management and financial consulting firm B. Adedipe Associates, also spoke and emphasized the necessity for Nigeria to revamp its economic and governance system completely in order to stop the tide of exchange rate and price instability.

　　He specifically urged action on the overemphasized need to shift the country's economic basis away from the oil sector and toward the real sector.

　　presenting the available options The basis of policies, programs, and projects, according to Adedipe, is the governance system, which must be reformed and rationalized. The structure is complex and expensive. Reduce the number of ministries, departments, and organizations; Remove overlaps; Realign roles; Establish clear and concise KPIs for Ministries, Departments, and Agencies; ensure responsibility from the highest leadership, particularly Directors and above.

https://www.wikifx.com/en/newsdetail/202209168704413927.html

Abstract：It is generally accepted that there are three branches of technical analysis: sentiment indicators, flow-of-funds, and market structure indicators.

　　Traders apply technical analysis to the Forex markets because they believe that exchange rates are not always determined by economic fundamentals like central bank activity, prices and interest rates. Although long-term trends in the Forex markets are likely caused by these fundamental events, it seems that Forex traders are driven to use technical analysis because of the volatility and leverage offered by the various Forex markets.

　　Despite being a separate asset class, technical analysis when applied to Forex markets is no different than technical analysis used to analyze equities or futures markets. How Forex markets trade, how orders are executed, leverage and the hours the markets are open has a lot to do with how to apply technical analysis to Forex markets, but basically the same oscillators and indicators relevant to equities and futures markets apply to Forex markets.

Forex Technical Analysis – The Basics

　　It is generally accepted that there are three branches of technical analysis. These three areas are: sentiment indicators, flow-of-funds, and market structure indicators.

　　Sentiment indicators deal with the action of different market participants such as central and commercial banks. The idea behind using this information as an indicator is that their actions may represent major turning points.

　　Flow-of-Fund indicators analyze the financial positions of various investor groups. Basically they keep track of who is buying and who is selling. This may include tracking cash positions of the major foreign currency players.

　　The last branch of technical analysis and the one that we are mainly concerned about in this article deals with market structure or the character of the market indicators. These indicators include moving averages, price patterns, trendlines and oscillators.

Why Study the Trend？

　　The basic principle of technical analysis is the trend. In order to understand the trend, the technical trader must first define trend, know why the trend is important, and distinguish between major and minor trends.

　　There is no question that markets trend. Traders and investors hope to buy a Forex pair at the beginning of an uptrend at a low price, ride the trend, and sell the currency pair when the trend ends at a high price.

　　Trends exist in all lengths, from long-term trends that occur over decades to short-term trends that occur or 1-minute or tick charts. Trends of different lengths tend to have the same characteristics. In other words, a trend on the monthly chart will behave the same as a trend on a five-minute chart. One key to understanding trends is for the investor to choose the trend which is most important for them based on their investment objectives, their personal preferences, and the amount of time they can devote to watching the market action.

　　Trend traders tend to have 20/20 hindsight since past trends are easy to spot. Trading trends would be easy if the investor could spot a new trend at a bottom, buy and then exit at the top. This does not happen of course in practice since investors may be too early or too late in spotting optimal entries and exits. This is the reason for studying charts, moving averages, oscillators, support and resistance as well as other important technical tools.

　　Investors need to determine when a trend is beginning and ending as early as possible. This sounds simple but remember that technical analysis is not fortune telling so trend trading ideas may not perfectly predict the future. The idea is to use the indicators in the investors toolbox to find opportunities that under the right conditions could generate a successful trade. Investors should also be aware that under certain market conditions, these technical tools may not work. Trends can change suddenly and without warning. This is why investors should be aware of the risks and protect themselves against such occurrences.

　　The basic trend trading strategy involves two things: first the investor must decide where to enter a position and second, where to exit. The entry is often easier than the exit. When exiting a position, the investor must choose when to exit to capture a profit, and when to exit to protect against a loss. The key is to make the right decisions at the right price levels in order to avoid giving back profits and to protect against large losses.

　　One of the great advantages in studying the trends of markets is that technical analysis involves analyzing prices. Knowing prices can help an investor know when something is either right or wrong with an investment. At the same time, risk of loss can be determined ahead of time. This ability is unique to technical analysis. Because actual risk can be determined, investors can practice money management principles to further lessen the risk of financial “ruin”.

　　In summary, technical analysis can be used by the investor to determine the trend, when it is changing, when it has changed, when to enter or exit a position. When trend trading, the basic premise is: when analysis of the trend is wrong, exit the position.

What is a Trend？

　　Simply stated, a trend is a series of higher-tops and higher bottoms or lower-tops and lower-bottoms. Of course, higher-tops and higher-bottoms indicate an uptrend and lower-tops and lower-bottoms indicate a downtrend. Recognizing when a trend is beginning or ending is most important to the trader.

　　If one cannot make sense of the chart, then the best thing to do is stay out of the market until an easily identifiable trend can be determined. Trends vary in terms of length and magnitude so it is important to the investor that the trend be recognized early and long enough for the investor to take advantage of it.

Basic Trends

　　In order to be a successful trend trader, the investor must know why identifying trends is important. In addition, they must be able to recognize an uptrend, downtrend and a trading range. The concept of support and resistance is also important to the trend trader. Finally, the trend trader must be aware of the major methods for determining trends as well as the major signals that a trend is reversing.

　　As an investor, you must know why identifying trends is important. Firstly, it allows one with a minimum amount of risk of error to determine at its earliest time when a trend has begun. Secondly, trend trading allows the trader to select and enter a position in the direction of the current trend either up or down. Finally, trend trading allows the investor to exit when the trend is changing.

Trend Indicators

　　Trend Indicators are used to follow the trend of the market. Following is a list of the main trend indicators used by most technical analysts and explanations on how to use them. These trend indicators are also found in most market analysis software packages like the MT4, eSignal and TradeStation platforms.

Trend Indicators:

　　Average Directional Movement Index

　　Accumulation Swing Index

　　Bollinger Bands

　　Commodity Channel Index

　　Exponential Moving Average

　　Mass Index

　　Parabolic SAR

　　Simple Moving Average

　　Weighted Moving Average

　　Williams Accumulation/Distribution

　　In summary, Forex markets like all trading instruments follow trends. Because of leverage and volatility, however, traders must make adjustments to their trading style based on their use of leverage and volatility. This means finding the right time period to trade that fits their trading goals and objectives.

　　Once a trader is satisfied that he is using the correct time frame, then the first thing he must do is study and experiment with the various trending tools available.

　　The first step in becoming a successful Forex trader is to learn to trade the trend. The trend to follow will be determined by a traders personal preference for a particular time period

https://www.wikifx.com/en/newsdetail/202209158074262163.html

Abstract：Probably one of the more compelling areas of price action is in its ability to show key levels or price zones that matter. And to be sure, there’s a lot of ways of finding potential support and resistance levels but none of those prices are worth very much if they don’t actually show as support or resistance.
　　


　　For the purpose of identifying support and resistance, candlestick wicks can be incredibly powerful and this also speaks to multiple time frame analysis.
　　If youre following prices on an hourly chart and price suddenly reverses from a bullish trend, erasing the entirety of the move – how would that show on a daily chart？
　　Likely, this will illustrate as a wick sitting atop that daily bar indicating the reversal that had taken place. On the below daily chart of USD/JPY, Ive identified such an extended wick, and notice that the three days that followed continued to see prices pull back despite a very strong trend that led into the move.
　　USD/JPY Daily Price Chart

　　On the below hourly chart, were taking a closer look at that same iteration and we can see that there was an extended upper wick there, as well, albeit much smaller than the wick that showed on the daily.
　　That three day sell-off started from a fairly clear reversal that had even showed on the hourly chart.
　　What‘s going on here: Likely there was a catalyst of some type that started a fast reversal and this is simply the playing out of that new ’bearish‘ factor getting priced-in. And, as we looked price action trends, trends do not move in a linear manner, its often a sequencing of ’two steps forward, one step back,‘ and that’s showing in the below example after the reversal began as ‘two steps down, one step up.’
　　USD/JPY Hourly Price Chart
　　

　　You might notice on the above chart, the red line along the bottom. Well that‘s pretty key for support and resistance identification when using price action, and we’ll dig into that in our next article on the topic.

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Abstract：There are basically six major financial instruments traded in the forex market such as currencies, Commodities, Stocks, Indices, Cryptocurrencies, and ETFs. These assets are usually provided for trading by forex brokers to all South African forex traders. Virtually all of these paires are offered as CFDs.

　　By: Chime Amara

　　There are six major financial instruments traded in the forex market today. These financial instruments are largely offered as CFDs by brokers to all forex traders. We have discussed them below:
　　 A. Currencies: The currencies traded usually come in pairs such as EURUSD, GBPUSD, AUDUSD, etc. The currency traded at the market are further divided into three categories as major, minor and exotic Currencies.
　　B. Commodities: There are three major commodities traded in the forex market known as: Gold, Silver, and Crude oil. These commodities are offered for trading as CFDs by the brokers in which case the trader does not need to have the physical equivalence of these commodities.
　　C. Stocks: These to companies that have completed an initial public offering and are listed for trading on the stock exchange market. Examples of stocks include: Amazon, eBay, Google, Facebook, etc.
　　D. Indices: An index refers to a group of stocks combined as one with their average prices weighed as one. The index pairs are often used to track the performance of the financial instruments that they represent. Examples of indices are Ger30, DXY, US30, JP225, etc.
　　E. Cryptocurrency: This refers to various digital assets built on a Blockchain and offered for trading at the exchange market. Examples include Bitcoin, Ethereum, Cardano, Binance Coin, Ripple, etc.
　　F. ETFs: This refers to a poll of funds assembled from various investors and offered for trading by brokers. Examples of ETFs are iShares MSCI Hong Kong, iShares MSCI South Korea, iShares Dow Jones, etc

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Abstract：The term slippage can be a common occurrence in forex trading and inevitably happens to every trader.

　　Perhaps you will often hear slippage when you are searching with the intention of joining a new forex broker, or trying out a new trading platform.
　　As you endeavour to be a consistent trader, it is essential to understand what is slippage and how to avoid slippage in forex trading. In this article, we will examine a little more in depth as to how forex slippage occurs, and how you can manage to avoid these situations.
　　What Is Slippage in Forex Trading？
　　Slippage occurs when a trade order is filled at a price that is different to the requested price. This most generally happens in fast moving, highly volatile markets which are susceptible to quick and unexpected turns in a specific trend like breaking news, Central Bank press releases, release of vital economic indicators and other geo-political events, such as elections and wars.
　　During these times, there are thousands of traders in the market, making the same decisions. They enter the market at the same price levels. With the disclosure of important data, prices move extremely fast, so much so that we see some price levels getting skipped on the charts altogether. Market orders remain pending and subsequently executed at the next price level. This gap is what creates slippage. Ask prices rise for long trades and bid prices might decline for short trades.
　　While there is no way to exactly know when slippage is going to occur, since it is often down to very small time windows where the prices change in less than a second, you can do your best to identify particularly common periods.
　　Slippage can either be positive or negative. A positive slippage occurs when an order is executed at a better price than expected. For instance, if you are buying the EUR/USD at 1.2001 but the order is executed at 1.2000, you have a price that is better by 1 pip. On the other hand, a negative slippage occurs when an order is executed at a worse price than expected. For instance, if you are buying the EUR/USD at 1.2000 but the order is filled at 1.2001, you have a price that is worse by 1 pip.
　　Which Currency Pairs Are the Least Prone to Slippage？
　　Under normal market conditions, the more liquid currency pairs will be less prone to slippage like the EUR/USD and USD/JPY. Although, when markets are volatile, like before and during an important data release, even these liquid currency pairs can be prone to slippage. News and data events can increase volatility drastically.
　　As an example, let's say you decide to open a long position on the AUD/USD currency pair – which can be highly volatile – after it was quoted at $0.7026. owever, in the time between submitting the order and the order being executed, the price might have increased to $0.7028. In this instance, you would have just experienced slippage, because you would be buying at a higher level than you had expected.
　　How to Avoid Slippage？
　　1. Trade low volatility and highly liquid markets
　　Trading in markets with low volatility and high liquidity can limit your exposure to slippage. This is because low volatility means that the price is less inclined to change quickly, and high liquidity means that there are a lot of active market participants to accommodate the other side of your trades.
　　One should also avoid trading or holding positions during times of low liquidity, such as overnight or weekends. This is because the prices of underlying assets may react to news or events that happened when the markets were closed.
　　2. Avoid Market Orders
　　Instead of market orders, limit orders are good for managing slippage. Unlike a market order, a limit order will never get executed at the worst price. But, remember that using limit orders might mean missing out on some lucrative positions. A market order will ensure your exits but will always entail risk of slippage. In some fast-moving market conditions, market orders are necessary. Nevertheless, try to get into limit and stop limit orders whenever possible.
　　3. Don't Trade Around Major Economic News Events
　　Major economic news events always heighten market volatility that causes slippage trading. Therefore it's beneficial to keep track of major events on the economic calendar in relation to the currency pair of your interest. Even though the economic news events may be tempting, the market volatility often hampers the execution of trade orders at quoted prices.
　　4. Use a Robust Trade Terminal
　　A good trade terminal is an important part of reducing network latency and ensuring that trades get executed with high speeds. Compromising on this aspect could be costly for a trader.
　　5. Choose a good forex broker
　　In addition to the above ways, choose a low slippage forex broker that also operates on faster execution speed platforms. The rapid speed would reduce order and execution time differences that lead to slippage.
　　List of Best Low Slippage Brokers
　　The impact of slippage may be minimized if you opt for an up-to-date system and a no dealing desk brokerage. Fast execution is the key and so all low slippage brokers adhere to it, making sure their platforms are very fast.
　　Conclusion
　　Although slippage in forex is reducing more and more with the increase in order execution speeds, it still does occur. Slippage is an unavoidable part of trading, it is something you need to account for in your trading plan. Slippage will figure into your final trading costs, alongside other costs such as spreads, fees, and commissions.
　　One way to do this is to look at the slippage you've experienced over the course of a month or longer and use the average slippage when computing your trading costs. This will give you a more accurate representation of how much you need to make to record a profit.
　　Almost all of the best forex broker choices you could make when you start trading try to negate the impact of slippage as much as possible. This can include adapting the methods they use to execute orders, or through special features that can manage to combat slippage

https://www.wikifx.com/en/newsdetail/202208225064120312.html

Abstract：It’s the fourth month of 2022 already and you haven’t started to trade forex? If you need some encouragement, we have the perfect five reasons that should be enough to get you involved

　　The barriers to entry into forex transactions are very low. In most cases, it is a leverage asset class that requires a low margin (deposit). Compared to gifts (forward contracts), the margin is small several times with a leverage of 1:100 or up to 1:20. If you use the most forex brokers, you can choose leverage on your own. Also, the forex market was created for large and small transactions. You can start with a few dollars or do millions of transactions. The currency pair is very flexible and is the largest part of the financial market.
　　Forex trading is provided by many online brokers around the world. You can open a transaction account in a few minutes. It is also very easy to bet on rising and falling prices. In stock trading, investing in falling prices is said to be a short sale. However, it cannot be compared to currency transactions because it does not lead to direct short sales. There are always two currencies in the currency pair. When you open a position, you invest in one or another currency, and when you close the position, you swap currency.
5 reasons to get you started with forex trading:
* 　　The biggest and most flexible part of the financial market.
* 　　Small or big investment.
* 　　Use leverage to generate more revenue.
* 　　Low transaction costs.
* 　　It is easily accessible through foreign exchange brokers.
　　All assets have advantages and disadvantages, and we want to emphasize this in forex trading. All traders also have strength and weakness. Some traders trade in the forex market, and some can enjoy it because they are shy away from it. As a beginner, you must first use a demo account to get a good feeling about the market

https://www.wikifx.com/en/newsdetail/202208195654970575.html

Abstract：Fundamental trading refers to a trading style that is dependent on the knowledge of upcoming economic events and preparing accordingly to take advantage of the momentary swing movements in the market. It is a style of trading that can generate a huge number of pips in a relatively short space of time or can blow your account in a matter of minutes if you do not risk appropriately. Here we will break down what fundamental trading is and the economic indicators to look out for to take advantage of these swings

　　Fundamental trading refers to a trading style that is dependent on the knowledge of upcoming economic events and preparing accordingly to take advantage of the momentary swing movements in the market. It is a style of trading that can generate a huge number of pips in a relatively short space of time or can blow your account in a matter of minutes if you do not risk appropriately. Here we will break down what fundamental trading is and the economic indicators to look out for to take advantage of these swings
　　To correctly predict market movements using Fundamental trading you need to first understand how economic news affects the market. Here we will take a look at a few economic events, state what their impact to the market is and find ways to position yourself to take advantage of these moves.
　　Because fundamental trading takes advantage of momentary swings in pips it is always advisable to find a trading broker with small fixed spreads. To do so I recommend using WikiFx. This app helps you find the best verified and regulated brokers world wide. They allow you to compare brokers in your own country and find the brokers who will give you the best service. They also show you fraudulent brokers so you stay far away from them. So if you in the market for a broker, try WikiFx.
　　Gross domestic Product (GDP)announcement
　　The GDP of a country shows the strength of a country economy. It shows the market value of all the services and products a country provides. This announcement is usually prelude by the advanced report and the preliminary report. These two reports give an indication of what the GDP reading will turn out to be. If the GDP of a country is considered strong you buy the country's currency if it is weak you sell the currency. Eg if you trading EurUsd and the GPD of the USA is strong you will sell the pair because the USD is going to be considered to be strong when compared to the Euro. If the USA GPD is weak you then buy the currency pair and the USD will be weaker the the EURO. The vice versa applies if the GDP of EUROPE is strong or weak.
　　Consumer price index CPI
　　This indicator shows the different ways which the price of items has changed in a country. By comparing the readings one is able to see if a country is either gaining or losing money from its sales and purchases of its own products. These figure should be also compared to export and import readings to see if these prices are changing cause of economic progress or price changes to exported and imported goods
　　Retail Sales
　　This indicator summaries all of the receipts received by all retail stores of a country. This allows us to gain an understanding of consumer spending patterns within a country. Good readings usually indicate a healthy economy with great money flow, bad readings may indicate an economic slowdown or downturn and so this indicator can aid us to assess the immediate economic direction of a country
　　Other indicators to keep an eye on are the producer price index (PPI), employment cost index (ECI), purchasing managers index (PMI), durable goods report and housing starts. These reports and the other mentioned above are highlighted on an economic calendar. When looking to trade these events be sure to set up a timer or alarm of some sort which will indicate when these events will take place as well as the readings of those events when they are released

https://www.wikifx.com/en/newsdetail/202208196764876892.html

Abstract：Forex Trading is regulated in New Zealand by Financial Markets Authority, and you can trade via FMA regulated forex & CFD brokers.

　　Forex Trading involves buying a currency by selling another, from your trading account, and waiting for the exchange rate to appreciate, and then you sell.
　　This is done in the form of contracts such as Contract for difference, (CFD) that lets you benefit from exchange rate changes in the currency, without actually owning the currency.
　　However, once you enter the forex market as a retail trader, the risks are the same irrespective of what part of the globe you are located. Almost 80-90% of the retail forex traders lose money. For every dollar you make, somebody somewhere has lost a dollar.
　　Market risk and counterparty risk are all too real in the forex market and so adequate knowledge is required before venturing out to trade.
　　These are some important facts about forex trading in New Zealand you should be aware of before you decide to put your money into trading forex.
　　1. Forex Brokers need to be licensed with FMA
　　The Financial Markets Authority (FMA), regulate online forex trading in New Zealand. They issue licenses to provide derivative products to forex brokers.
　　Each license they issue carries a unique Financial Service Provider (FSP) number, which identifies the broker. For example, CMC markets NZ has an FSP number of 41187.
　　You should ensure that your forex broker is licensed by the FMA to provide derivative products to the public as a “Derivatives Issuer” and not any other service.
　　This is important because when most people see an entity with an FSP number, they instantly assume that person is licensed to be a forex broker. This is not always true as that person could be licensed to provide other services, and could be acting outside his license permit.
　　To confirm if a broker is carrying an authentic license, get their FSP number from the regulation corner of their website, and take the following steps:
* 　　Visit the FMA website
* 　　Navigate to the search financial service provider page.
* 　　Input the FSP number in the search bar and click on “search”
　　When you deal with an FMA regulated broker, you can rest assured that your broker is being held accountable because there are serious penalties for brokers who act fraudulently.
　　As per Forex Beginner New Zealand, although some brokers are licensed by regulators from other countries, it is important to only register with the ones licensed by the FMA in New Zealand for safety of your funds and transparency.
　　“There are multiple foreign CFD brokers that accept clients from NZ, but these brokers are high risk if they are not licensed in NZ, and clients must not deposit funds with these brokers for safety of funds.” warns Rahul from Forex Beginner.
　　“Clients must also check the ‘License Category’ & the ‘License Status’ on FMAs website for Licensed entities to make sure that the broker is authorized to offer the services which they claim they are licensed to offer.”
　　2. Trading forex CFD Contracts involves use of leverage
　　Trading with leverage means you take a loan from your broker to trade with. Your broker offers leverage to trade derivative products like Contract for difference (CFD).
　　Leverage is expressed in form of a ratio and forex brokers in New Zealand can offer leverage as high as 1:500 to traders. This means that with $1 of your trading capital you can trade currency worth $500.
　　You should be meticulous while using leverage, because it could aggravate your losses, should the market move against you.
　　Example 1
　　You think that the USD will strengthen against the NZD, so you intend to buy CFD contracts for 100,000 units of NZD/USD at an exchange rate of 0.6616, to profit from that rise without actually owning the currency pair.
　　You need a total of $66,160 to make this purchase so your broker allows you a leverage of 1:500.
　　However, you must put down an initial margin deposit, to show good faith while your broker lends you the difference
　　This initial margin is calculated as 1/500 x $66,160 = $132.32
　　So, with $132.32 you can trade currency pairs worth $66,160 and this is the effect of leverage!
　　Now suppose you were wrong in your prediction and the USD/NZD falls to 0.6602, you lose 0.6616 – 0.6602 = 0.0014 or 14 pips
　　Your loss translates to 0.0014 x 100,000 which is $140
　　You have lost 105% of your initial investment of $132.32, and dont forget you still have to repay the loan from your broker.
　　Had you opted for a modest leverage of 1:20, your initial margin would now be $3,308 (meaning 1/20 x $66,160) and the loss of $132.32 would have been just 4% of your initial investment of $3,308
　　Leverage increases your losses so as a trader you should shy away from excessive leverage.
　　3. You pay Tax on Earnings
　　The New Zealand government levies a Resident Withholding Tax (RWT) on all residents who earn income from a job or from investments. The tax rate depends on how much your yearly income is. See the table below:

　　As seen from the table above, if you earn below $14,000 a year from your forex trading, you will be taxed a resident withholding tax rate of 10.5% and so forth.
　　4. Stop Loss orders are essential, but they dont work always
　　This is not to discourage you from using stop loss orders, but you need to understand they may not work well during high market volatility.
　　A stop loss order automatically stops you out of your open position, when the exchange rate of a currency pair crosses the stop price which you have set.
　　It then executes a market order to sell off your currency (or buy currency as the case may be) at the next available price to limit your losses.
　　Stop loss orders do not prevent loss but they limit losses.
　　However, during periods when the market is unstable, and sometimes during weekends when the market is closed, prices could “gap” or leap past your stop price. This causes you to close your trading position at a price lower than what you envisaged.
　　Example 2
　　Imagine you spend $66,160 to buy 100,000 units of NZD/USD, as a CFD contract at an exchange rate of 0.6616 and you place your stop loss order at 0.6615 (which is the stop price).
　　You have agreed to bear a loss of 0.6616 – 0.6615= 0.0001 or 1 pip if the market moves against you.
　　By placing your stop loss at 0.6615, your acceptable loss is $10.
　　During periods of high volatility, the exchange rate can leap from 0.6616 to 0.6611 without passing through 0.6615, this is called gapping.
　　The stop loss order will now be triggered at 0.6611 instead of your stop price of 0.6615.
　　The difference is now 0.6615 – 0.6611 = 0.0005 or 5pips
　　Your loss is now $50.
　　The point here is that you planned to accept a loss of $10, but you ended up accepting a higher loss of $50, because your stop loss order was executed at 0.6611 instead of 0.6615 which you set.
　　5. You need plenty of extra money on standby
　　Exchange rates can move against your trading position.
　　Political events, conflict, bad news in the media, amongst other factors, can cause a currency to lose value really fast.
　　As seen in example 1 above, when you borrow money to buy currency, you are required to make a good faith deposit called an initial margin.
　　As you keep trading, you may make losses and once these losses begin to consume your initial margin deposit, your broker quickly puts a “margin call” across to you.
　　A margin call is when your broker asks you to deposit more money into your margin account, to bring your initial margin back to what it is required. It may not always be a phone call; it could be a text message or an email.
　　If you cannot come up with the required money, your broker will close all your open trades so as to stop your account from going into negative. When this happens, you bear the losses.
　　This is why you need to have extra money on standby.
　　You also have to keep money for fees such as brokerage commission, overnight swap fee, inactivity fee, guaranteed stop loss fees, spread etc. You can compare forex brokers to see which ones offer fees that suit you.
　　Dont get caught by Unawares
　　Before trading forex, you should read and add knowledge as it can be very technical. You should also understand the risks so you know what to expect.
　　Stop loss orders should be used to limit losses, but when markets are very volatile you can use guaranteed stop loss orders (GSLOs).
　　GSLOs ensure your stop order is executed at your specified stop price but your broker may require you to pay a fee for using them.
　　You should also avoid using too much leverage as it could make your losses bigger and make you lose money faster than you think. Avoid forex scams that offer you “no loss trading” and guaranteed returns as nothing is guaranteed in the forex business

https://www.wikifx.com/en/newsdetail/202208186324419878.html

Abstract：Who will you blame if you wake up one day without a job and with no money on your bank card? Yourself. That is if you don’t follow internet security tips. The global broker OctaFX outlines the main do’s and dont’s of staying safe online.

　　With fraudsters gaining internet ground every year and their schemes becoming more sophisticated, it is not always easy to avoid getting hacked or scammed. However, the global broker OctaFX knows how to protect your sensitive information against theft. It will gladly share some of the most important internet security tips. But first, a little story.
　　Meet Viraj. He is a regular user of online stores. Some time ago, Viraj registered an account with one such store. When registering, he used his work email address and the password he used everywhere: Qwerty123. He made a purchase on the site using his bank card, which he then added to his account.
　　Two weeks later, Viraj decided to check his banking app, anticipating a new round of online shopping in the evening. His salary had to be waiting for him in his account. To his astonishment, the money was not there. Viraj was ready to start calling the finance department of his company in his righteous anger when he checked the history of his card transactions.
　　His heart sank. There was a $500 purchase he never made. Someone purchased a smartphone on the site he had registered with two weeks ago. Moreover, the smartphone was already picked up from one of the branches of the store in his city.
　　Viraj felt devastated, to say the least. But that was only the beginning of his misfortunes. Suddenly, his colleague came up to him and said, ‘Viraj, are you selling our customer database on the internet？ It’s your name there!‘ Viraj only had time to mumble, ’It‘s not me,’ before he saw his boss standing in front of him, ready, it seemed, to burn him with his stare. ‘You’re fired! was the last thing Viraj heard before losing consciousness and… waking up.
　　‘Phew… It was just a dream,’ Viraj said to himself. ‘But how could all this happen？’
　　Let‘s analyse Viraj’s case. The first thing he did wrong was registering anywhere with his work email address. While some of us may be hard-working to the point of mixing our life and work spaces, it is unprofessional and dangerous to use your work email for personal use.
　　The second mistake Viraj made was his password. It was just too easy to crack, as it was one of the most common passwords in the world. Viraj had to be much more creative when setting up a password, or use a password generator. And no, ‘Viraj123’ wouldn‘t be any better. Something like ’B{6{2BP2vG would be excellent.
　　Another mistake was that Viraj used the same password everywhere. Even if you use a very complex password, someone might see it on a note on your table or on the ‘saved passwords’ page on the computer you used just once. If they use it, they might hack all your accounts at once.
　　The fourth mistake Viraj made was adding his bank card to his account in the store. Hackers used it to their advantage and got a brand-new smartphone. The fact that it was the main bank card of Viraj made it worse—it meant he had all his money on it.
　　We can assume that Viraj made his final mistake when surfing the internet. He probably did it using an unsecured internet connection or just downloaded some malware, making it easier for hackers to get into his accounts. Alternatively, considering his very common password, it could be anyone who knew his email address, even the competitors of the company he worked in.
　　So, here are five security tips from OctaFX every internet user should take note of:
* 　　Dont use your work email address for personal use. Preferably, use multiple personal email addresses.
* 　　Always use strong passwords. Many strong passwords. Ideally, let each of your accounts have its own password. Use password managers, such as KeePass, to store your passwords.
* 　　Dont save your bank cards with any online store. When buying something on the internet, make sure the site you are using is reliable and secure.
* 　　Dont use public Wi-Fi or any other public network when logging in to important accounts.
* 　　Don‘t follow suspicious links and don’t download attachments from suspicious emails that you have not seen before.
　　After learning about the tips above, Viraj knew how to protect himself against fraudsters and hackers on the internet. Moreover, he helped his company implement important security measures and got a promotion.
　　Stay safe when surfing the internet and don‘t forget your new passwords! Next time, we’ll explore the world of online scams and phishing and how to identify them

https://www.wikifx.com/en/newsdetail/202208176834674563.html

Abstract：Price movements in currency markets can be hard to predict, but they are not entirely random.

　　There is a logic behind the way currencies rise or fall in value, and decades of forex trading show that this logic can often be identified and then predicted using technical indicators. Undoubtedly, Donchian Channel indicator belongs to one of them.
　　Today, we are going to talk about Donchian Channel indicator, a channel-based technical analysis trading strategy used as an indicator for trading in financial markets. We will discuss the definition and calculation of Donchian Channels, and how to trade and combine them with other indicators.
　　What are Donchian Channels？
　　Richard Donchian developed a moving channel trading strategy in the early 1970s, which was named after him–the Donchian Channel.
　　The Donchian Channel indicator makes use of candlestick charts, as data is clearly shown and mapped, which helps in decision-making according to signals detected.
　　The Donchian Channels indicator comprises three lines that help show price volatility, trend breakouts, reversals, and potential overbought/oversold market conditions. It consists of three separate bands generated by moving average calculations. The central part of the indicator is the mid-range band(or average band). You also have the lower and upper bands on the outside. The upper one shows the highest price of an asset, while the lower one represents the lowest price. The band in the middle is simply the average of the other two. You calculate the value over a specific number of periods you define. The chart below shows a daily chart of the EUR/USD pair with a 20-day Donchian channels.

　　Ideally, if there is substantial volatility in a certain period, the Donchian Channels will be substantially wide. Similarly, if there is minimal volatility in a certain period, the Donchian channels will be relatively narrow.
　　Traders use the indicator to measure volatility and identify potential breakouts and reversal areas.
　　Donchian Channel Calculation
　　Donchian Channels are one of the more straightforward indicators to calculate and understand. The indicator simply takes a user defined number of periods and calculates the Upper and Lower Bands. The calculation is as follows:
　　Upper band: Highest price in prior n periods
　　Lower band: Lowest price in prior n periods
　　Average band: (Upper band + Lower band)/2
　　n can be a different period length depending on the measurement time frame under study – such as minutes, hours, days, weeks, or months ­– and the period will be the number of periods being measured (e.g., 30 minutes, 24 hours, 20 days, 1 week, or 6 months).
　　Typical Donchian Channels use a 20-day trading period, which is the average number of trading days in a month. For the above example, a 20 day period is used which is a very commonly used timeframe.
　　Upper Channel = 20 Day High
　　Lower Channel = 20 Day Low
　　Average Channel = (20 Day High + 20 Day Low)/2
　　What Do Donchian Channels Tell You？
　　Donchian Channels identify comparative relationships between the current price and trading ranges over predetermined periods. Three values build a visual map of price over time, similarly to Bollinger Bands, indicating the extent of bullishness and bearishness for the chosen period. The upper band identifies the extent of bullish energy, highlighting the highest price achieved for the period through the bull-bear conflict.
　　The average band identifies the median or mean reversion price for the period, highlighting the middle ground achieved for the period through the bull-bear conflict. The lower band identifies the extent of bearish energy, highlighting the lowest price achieved for the period through the bull-bear conflict.
　　If the price reaches the upper band, you have an overbought signal. If it touches the lower one, the market condition is considered oversold. However, you should bear in mind that such scenarios are pretty standard. This means most of the generated signals aren't informative on their own.
　　How to Trade Donchian Channel Indicator？
　　Here is how to effectively trade the signals generated by the Donchian Channel indicator.
　　#Trading Breakouts
　　This is the primary use of the Donchian Channel indicator. Many traders will use the average band of the Donchian channel as an indicator of when to open or close a position. Generally, if the price moves above the average band, traders will open a long position; if the price moves below the average band, traders will open a short position.
　　In other words, when the price touches the upper or lower bands, it simply means that the asset price is trading at its highs or lows for the last n periods. If it touches the upper band, that is a signal that a bullish breakout has occurred and traders should place buy orders. Likewise, if it touches the lower band, traders should seek to place to take advantage of a bearish breakout. However, it is important to wait for two consecutive candles to touch of the outer bands to qualify a tradable breakout.

　　#Trading Pullbacks
　　This is a strategy to pick out the most optimal entry points in a trending market. When prices are trending, the most lucrative entry point is when a pullback occurs. This is where the average band comes in. For instance, when prices are trending higher in an upward sloping Donchian Channel, the most optimal price to place a buy order is when the price bounces off the average band.
　　#Trading Reversals
　　This is a short-term strategy and isnt indicative of the long-term direction of the trend. The average band can also be used to qualify trend reversals in the market. This can help traders exit previous trades and also enter early on a new trend. For instance, if you had an active sell order when the Donchian Channel is sloping downwards, an upward breakout of the average band would be a signal to exit the trade. It will also be a signal that buy orders can now be placed, with the first price target being the upper band and beyond.
　　This strategy is convenient for picking out the optimal entry points when the market is trending. The reason is that when the price is trending, the most fruitful moment to open your position usually is right after a pullback occurs.
　　When combined with an oscillator like the RSI, Donchian Channels has proven effective in ranging markets. That way, you can get a more precise indication of whether the market is really overbought or oversold.
　　Combine Donchian Channels with Other Indicators
　　Donchian Channels offer an easy-to-interpret map of volatility and trading price history, which helps visualize the price action and confirm other indicators' signals even though they won't grant actionable new information. Therefore, Donchian Channels work best when there is a clearly defined trend and when trading on longer-term charts.
　　It is very efficient when combined with other technical analysis tools such as trend lines, Directional Movement Indicator (DMI), Relative Strength Index (RSI), Average Directional Index (ADX), and other tools.
　　The way you will use the Donchian Channels indicator depends on your broader strategy. For example, you can use a directional strategy to rely on higher volatility to generate more trading signals and buy/sell opportunities. You can also use it if you rely on range-bound price movements when the market is calmer.
　　Conclusion
　　Many traders believe that when the market price hits the upper channel, it will reverse, and when the price hits the lower channel, it is suitable to go long. But this is often a mistake, because markets don't usually react the way you think they do. The Doncian channel is suitable for use in trending markets and can be combined with other indicators to increase the accuracy of trades

https://www.wikifx.com/en/newsdetail/202208156934729992.html

Abstract：Crypto market has recently entered an all-time low while stock market has also crashed everywher around the world. With the highly volatile market as of now, it might be best for you to start multi-asset trading.

Why multi-asset trading
　　Multi asset trading allows you to diversify your portfolio and by then protect your capital.
　　Diversifying your portofolio means diversifying your risk. With mulsi-asset trading, you can lower your risk and manage it better. If you have various assets across various markets, when one market falls, you wont lose all your capital at once.
　　On the other hand, itll also give you more opportunities to gain profit. And you can trade assets in different market once one market is closed.
　　Now to maximise this opportunity, you can use tactical asset allocation. It might seems the same with diversification at the first glance but its difference lays in the depth. In asset diversification, you choose which assets you are going to trade at the same time while in tactical asset allocation, you decide how much of your capital to allocate in each assets you have chosen.
　　If you are an advanced trader, multi-asset trading is the perfect opportunity to use hedging. In hedging, you take a stance on the opposite position of related asset to offset the risk of losing.
　　This, however, requires you to learn about the markets to make sure you choose the related investment but not the one wholl fall along your previous asset.
　　In this dire time which the markets are highly affected by the Russia-Ukraine war, post pandemic inflation, global recession, and energy and food supply crisis, doing multi-asset trading might help you reach profit while protecting your capital.Add

https://www.wikifx.com/en/newsdetail/202208151464762448.html

Abstract：When you learn to trade for the first time, you might think about the best way for trading. Thus, you need to understand some of the existing forex trading techniques and their advantages and disadvantages.

Lets Check Out These Trading Techniques for Beginners
Position Trading or Long-Term Trading
　　Traders who want to take advantage of changes in the price trends of a currency pair over a long time implement this strategy. A position trader usually opens trading positions on a weekly to monthly basis.
　　Then, a position trader does not need to monitor daily price movements and does not need to watch the market too long every day. He only needs to observe trends in the long run. However, this technique requires large capital because the fluctuations that arise will also be large. Besides, you must understand the fundamental conditions of the currency pair. Thus, you do not place the wrong position.
Swing Trading
　　This strategy is implemented in the medium term, or a matter of days to weeks. A swing trader looks for patterns of movement in the form of reversals in the direction of prices, with the hope of getting the best buy and sell prices to maximize profits.
　　With this strategy, you dont need to keep abreast of market developments. Besides, the profit opportunities are abundant, because reversals often occur.
Day Trading
　　Most beginner traders use this strategy. This type of trader only trades within a period of a few hours each day. Thus, you do not need to do a fundamental analysis that is too deep. Besides, there is no overnight risk because the position is closed at the end of the day.
　　However, because it utilizes price movements that change rapidly, a day trader tends to spend more time watching price movements every day. Besides, you must also observe price changes at all times to ensure you do not lag behind the best price movement momentum.
Scalping
　　According to Investopedia, scalping is one of the quickest strategies employed by active traders. If a day trader opens a trading position in a matter of hours, the scalper trades in a matter of minutes. This trading technique is done by placing a large amount of capital in a trading position that is only opened for a few minutes.
　　The advantage of this technique is that the trading time is very short. Thus, you dont need to linger over monitoring price movements and relatively instant profits. However, to achieve profit, you need to be sure of the direction of the price of the currency pair that you choose. This requires very high analytical skills and experience.
　　By looking at the four trading strategies, you can choose the trading style that suits your trading abilities and objectives. Additionally, you have to make sure that you understand all the risks that may arise from certain trading strategies. Thus, you can prepare a risk management strategy that can minimize loss and maximize profit

https://www.wikifx.com/en/newsdetail/202208116344234816.html

Abstract：Trading profitably a skill which requires you to master multiple set of traits. You have to master fundamental and technical analysis and learn to incorporate them into your trading strategy. You have to master your trading strategy and build confidence in it as well as incorporate good risk management. But, the biggest trait to master will be your trading psychology, the mental state you will be in when trading.

　　Trading profitably a skill which requires you to master multiple set of traits. You have to master fundamental and technical analysis and learn to incorporate them into your trading strategy. You have to master your trading strategy and build confidence in it as well as incorporate good risk management. But, the biggest trait to master will be your trading psychology, the mental state you will be in when trading.
　　Any trader who has a few years under their belt will understand the importance of your mental state when trading. Not only can fear and doubt creep into your mind and cause hesitation, but greed and euphoria can also cause you to lose your sense of risk management and blow your account in no time. It is best to manage these emotions and get ahead on your trading journey
　　Greed and Euphoria
　　During a winning trade, one feels as though they are on top of the world and that they can do absolutely no wrong. But we should be very weary of the state of mind as it can encourage destructive behavior on your account. You may start to develop over confidence in your trading ability due to the euphoria and start to open an unwarranted number of trades, or over risking. This is also due to greed as you start already thinking about the money you will make with such huge positions forgetting that the position can go against you.
　　This doesn‘t help that nowadays some brokers can offer you fool’s gold in the form of deposit bonuses and crazy maximum lot sizes. Be very careful when choosing such a broker because these are actually underhanded tactics which only encourage you to risk more when trading. For instance, a broker will give you a 100% bonus so that you can open bigger lot sizes but the moment your own money finishes you cannot trade with the deposit bonus afforded to you or withdraw it. Same goes with brokers offering very high leverage. They simply want to entice you to open position which are too large for your account to handle and in a few ticks you are stopped out of the market.
　　So stay away from brokers offering these packages. When looking for a reputable broker, which is regulated and verified and also does not employ these cheap tactics, look through WikiFx. This app will help you compare brokers and find the best reputable, regulated and verified brokers so that you can rest easy and trade within a environment which encourages you to trade responsibly.
　　Fear and Doubt
　　These emotions are what hinder you from pressing that buy or sell button when you see an opportunity present itself in the market. It can also go against you during an open trade as due to the fear of losing the little profits you have earned and doubting the strength of your position you can bail out of a trade before it fully matures and gives more profits than you settled for.
　　These emotions usually signal that 1) you are over risking and 2) you have not back tested your trading strategy. If you cannot confidently leave your trade alone to run and you need to be constantly checking the charts it probably means that you are over risking that account. Every trade you take you should be able to set an appropriate stop loss and take profit (if desired) and walk away from the screen. This is because you will know that you only risking a certain amount and that your whole account is not at risk. You remove fear when you set the your expectations correctly and manage risk well.
　　Doubt appears when you have not mastered the basics of your strategy and have no idea what to expect or how strong of a signal your strategy presents in front of you. To build such confidence be sure to always back test. You can do this by either going back in time on the charts and identifying opportunities that your trading strategy would have worked or using a demo account for a while to see test out how your trading strategy would work in real life scenarios. Once again I recommend you use WikiFx to find an appropriate broker to register a demo account under. You should find a broker who will allow you to set the initial account amount to the amount you will be able to trade with when you deposit so that you can manage your expectations when now trading with real money. Do not skip this step. It is your opportunity to get to know your trading strategy

https://www.wikifx.com/en/newsdetail/202208112814278174.html

Abstract：FX markets are susceptible to a range of factors which affect their volatility, and many traders look to tailor their strategies to capitalize on the most volatile currency pairs.
　　Currency volatility, often measured by calculating the standard deviation or variance of currency price movements, gives traders an idea of how much a currency might move relative to its average over a given time period. Traders can also gauge volatility by looking at a currency pairs average true range or by looking at range as percent of spot.
　　The higher the level of currency volatility, the higher the degree of risk, and vice versa. Volatility and risk are usually used as interchangeable terms.Different currency pairs have different levels of volatility on average.
　　Some traders enjoy the higher potential rewards that come with trading volatile currency pairs. Although, this increased potential reward does present a greater risk, so traders should consider reducing their position sizes when trading highly volatile currency pairs.
WHAT ARE THE MOST VOLATILE CURRENCY PAIRS？
　　The most volatile major currency pairs are:
* 　　AUD/JPY (Australian Dollar/Japanese Yen)
* 　　NZD/JPY (New Zealand Dollar/Japanese Yen)
* 　　AUD/USD (Australian Dollar/US Dollar)
* 　　CAD/JPY (Canadian Dollar/Japanese Yen)
* 　　AUD/GBP (Australian Dollar/Pound Sterling)

　　Other major currency pairs, like EUR/USD, USD/JPY, GBP/USD and USD/CHF, are generally more liquid and less volatile as a result. That said, emerging market currency pairs, such as USD/ZAR, USD/TRY and USD/MXN, can clock some of the highest volatility readings.
MOST VOLATILE CURRENCY PAIRS
　　Majors - AUD/JPY, NZD/JPY, AUD/USD, CAD/JPY, GBP/AUD
　　Emerging Markets - USD/ZAR, USD/TRY, USD/MXN
　　Aside from relatively low liquidity, emerging market currencies tend to be highly volatile in particular due to inherent risk underpinning emerging market economies. The chart below gives an example of how volatile emerging market currencies can be, which shows USD/ZAR (US Dollar/South Africa Rand) exploding nearly 25% higher in just over a months time. There are several other examples of emerging market currency pairs swinging drastically like this throughout history.

WHAT ABOUT THE LEAST VOLATILE CURRENCY PAIRS？
　　The least volatile currency pairs tend to be the major currency pairs which are also the most liquid. Also, these economies tend to be larger and more developed. This attracts more trading volume and facilitates greater price stability in turn. To that end, considering EUR/USD, USD/CHF and EUR/GBP trade with high volumes of liquidity, it comes as little surprise they are among the lease volatile currency pairs.
　　Illustrated below, the average true range (ATR) on USD/CHF ranges between 45-pips and 65-pips, a low average true range compared to other pairs. The average true range of a currency is one of the many ways to measure the volatility of a currency pair. Bollinger Band width is another popular technical indicator used to measure volatility.

　　Correlation between two currencies can also have an impact on their volatility. The more positively two currencies are correlated to one another might lead to less volatility. Continuing with our USD/CHF example, we note that the US Dollar and Swiss Franc are both viewed as safe-haven currencies.
　　The US Dollar and Swiss Franc tend to strengthen against their sentiment-linked peers when the market experiences episodes of risk aversion, but the two currencies may not deviate much from each other. This contributes to relatively low volatility readings for USD/CHF.
HOW TO TRADE CURRENCY PAIR VOLATILITY
　　Forex traders should take into account current readings of volatility and potential changes in volatility when trading. Market participants should also consider adjusting their position sizes with respect to how volatile a currency pair is. Trading a volatile currency pair might warrant a reduced position size.
　　Awareness of volatility can also help traders determine appropriate levels for stop loss and take profit limit orders. Furthermore, it is important to understand the key characteristics separating themost volatile currencies from currencies with low volatility readings. Traders should also know how to measure volatility and have an awareness of events that might create big changes in volatility.
　　The difference between trading currency pairs with high volatility versus low volatility
* 　　Currencies with high volatility will normally move more pips over a certain period than currencies with low volatility. This leads to increased risk when trading currency pairs with high volatility.
* 　　Currencies with high volatility are more prone to slippage than currency pairs with low volatility.
* 　　Due to high-volatility currency pairs making bigger moves, you should determine the correct position size to take when trading them.
* 　　There are several ways to measure volatility
　　To determine the correct position size, traders need to have an expectation of how volatile a currency can be. A variety of indicators can be used to measure volatility like:
* 　　Average true range (ATR).
* 　　Donchian channels.
* 　　Moving averages (by comparing the moving average to the current price).
* 　　Traders can also look at implied volatility readings, which reflect the level of expected volatility derived from options.
　　Key things traders should know about volatility:
* 　　Big news events like Brexit or trade wars can have a major impact on a currencys volatility. Data releases can also influence volatility. Traders can stay ahead of data releases by using an economic calendar.
* 　　Volatile currency pairs still obey many technical aspects of trading, like support and resistance levels, trendlines and price patterns. Traders can take advantage of the volatility using technical analysis in combination with strict risk management principles.
* 　　Staying up to date with the latest forex pair news, analysis and rates can help you predict possible changes in volatility. We provide comprehensive trading forecasts to help you navigate the market.
* 　　DailyFX hosts daily webinars to answer questions and help traders prepare for volatile market conditions.
* 　　Supplement your forex learning and strategy development with the DailyFX Education Center

https://www.wikifx.com/en/newsdetail/202208122274790961.html

Abstract：The forex industry has almost become over saturated with scammers looking to make a quick buck. They are the sly snakes of the trading industry, looking to use our hope as traders for a successful future to con us into giving them money based on their empty promises. Today we will be discussing the tell tales of what these scammers tricks look like and show you how to avoid them.

　　The forex industry has almost become over saturated with scammers looking to make a quick buck. They are the sly snakes of the trading industry, looking to use our hope as traders for a successful future to con us into giving them money based on their empty promises. Today we will be discussing the tell tales of what these scammers tricks look like and show you how to avoid them.
　　Sketchy Broker Partnerships
　　Another scammer favorite is partnering with sketch brokers. They will use fake results such as fake withdrawal statements from brokers on their socials to entice you to join their mentorship and signal programs . Under these programs they will insist on using a broker they are partnered with. The scam here is that no only will they sell you the member ship but because their signals and lessons are of no use they know you will be a losing trader. For all the accounts blown by traders using with a broker, the scammer will be promised a certain percentage of the brokers winnings.
　　The best way to identify such a scammer is to always do research on which broker they recommend. Good brokers are not only verified , but they are regulated to ensure that they follow strict rules of conduct to ensure that your rights are protected. You should use the app called Wikifx to do your research. This app helps you find the best regulated and verified brokers with then best customer reviews. They also list the brokers which are known to scam others so the moment you see a mentor insisting on a broker listed as a scammer, you will immediately know that there are not be trusted under any circumstances.
　　Identity theft
　　One of the prominent scammer method is cloning the social media profile of a famous trader and offering signals or mentorship. They also offer you trading robots, claiming that they will earn you profits as the people they claim to be are earning profits. It goes without saying that the moment you give these people your money they will cease all communication with you to the point of blocking you to avoid you speaking ill on their socials and warning other possible victims.
　　When talking to possible mentor always make sure it is the right individual you are speaking to. Search their names on multiple social media platforms and confirm that their information and social media contacts sync up. One sure way to do this is to find mentors with YouTube channels. There you will be able to see their face and they are most lightly to link ways to contact them this they are a legit mentor looking for students.
　　The use of irreversible payment options
　　The biggest red flag comes in the form of which these scammers will prefer to be paid. If they insist on using payment options which irreversible payment options then you must immediately avoid such a person, no matter what they say or promise. They will never ask for methods like bank accounts cause for that they need to use their real identities. Not only will it be obvious that the name they claim to be different to the official name printed in the bank account, but if they are reported the money can be traced back to them and these transactions can be reversed.
　　All of this is not to say that you can never find a good mentor. They are genuine mentors and service providers who are worth the investment but he careful and do you research before getting scammed. With just following the above mentioned steps and looking out the red flags as mentioned, you should be able to avoid getting scammed out of your money.

https://www.wikifx.com/en/newsdetail/202208111734949875.html

Abstract： Forex brokers that request any type of additional payment, such as withdrawal fees, handling fees, or tax payments should be flagged. If you encountered a forex broker that is asking for these payments, there is a chance that you have fallen into the trap of a fraudulent forex broker that is trying to scam you.

　　Wintersnow Limited (www.wintersnowfx.com) is an online forex broker that provides CFDs products of several trading instruments, such as forex, stock, spot index, futures, precious metals, and commodities, as well as cryptocurrencies.
　　WikiFX did a thorough review of Wintersnow Limited and failed to find any information about this brokers contact number and business registered address. Moreover, the official website of Wintersnow Limited also does not show any regulatory status or valid license that they hold.
　　The reason why WikiFX would conduct this research on Wintersnow Limited is that we received an Exposure submission from a skilled trader, named Ganesh, who was unfairly treated by this broker.
　　Ganesh deposited approximately $60,000 into his trading account and was able to grow his account single-handedly to nearly $950,000.

　　However, when he tried to withdraw a portion of his funds, his requests were declined. The customer service representative from Wintersnow Limited told him that he ought to pay for tax on the profits that he reaped from trading.



　　When Ganesh failed to get further explanation with Wintersnow Limited, he reported this case to WikiFX.
　　Our customer service team got in touch with him to get more details about the situation:




　　At this stage, WikiFX is proactively attempting to liaise with Wintersnow Limited to resolve this dispute. However, at this stage, we are unable to provide more information as the other party is not being responsive. There were rumours claiming that Wintersnow Limited is currently having issues with its MetaQuote trading platform, thus it is unable to process clients requests.
　　WikiFX being the dedicated global forex broker query platform, will continue to investigate this case to do our best in helping out our users

https://www.wikifx.com/en/newsdetail/202208109994209972.html

Abstract：CFD trading is a popular way for traders worldwide to speculate on numerous financial markets. Trading CFDs has many benefits, and we’re here to share them with you.

　　Contracts for difference, better known as CFDs, are a popular financial instrument preferred by day traders in many countries. The most attractive feature of trading CFDs is the high-efficiency level of this product. Efficient markets are liquid, cost-effective, offer convenient settlement terms and are not capital intensive. CFD trading ticks all these boxes.
　　In this article, we explore the concept of trading with CFDs and the benefits of CFD trading over cash markets and other financial instruments.
Introduction to CFD trading
　　Unlike cash markets, also known as spot markets, CFD markets allow traders to speculate on the rising and falling prices of different markets without buying and holding assets. A CFD is a financial derivative that allows you to trade different products without buying or selling the underlying asset.
　　A contract for difference is an agreement between a CFD broker, such as tixee, and a trader, who could be you. Derivatives are contracts that derive value from other financial instruments, such as stocks, commodities or currencies.
　　When trading CFDs, the parties agree to settle the contract based on the difference between the opening and closing price of the contract; the price is derived from the underlying asset. If the market goes in the traders direction the traders could close the trade and collect their profits,.Of course there is always the risk of ending up with losses.
　　An open CFD is often referred to as a position and exposes the trader to risk due to fluctuating prices. Because CFDs are merely contracts and brokers are the counterparty, traders can open long and short positions – meaning they can speculate on whether the price will rise or fall.
CFD trading benefits
　　Many traders and investors consider CFDs much more convenient than purchasing assets and waiting for the price to appreciate, or using other derivatives such as options or futures to speculate on the price of financial markets.
Instant & convenient settlement
　　CFDs are popular for active trading strategies, such as scalping and day trading, because they are settled instantly in cash, unlike cash markets which are settled a couple of days after a transaction. With CFDs, you can open and close positions multiple times per day as you dont need to wait for settlements.
Transparent and regulated market
　　CFD trading is a highly regulated activity, and regulatory authorities scrutinise and monitor brokers. In fact, it is illegal in most countries to offer CFDs without the proper authorisation.
　　Brokers must submit regular reports to regulators concerning their transactions with traders, including how they derive prices and execute orders. Brokers that fail to submit reports on time, or submit incorrect or misleading information can suffer harsh penalties.
　　Some brokers take their regulatory responsibilities more seriously than others. For example, tixee trading is authorised by three financial market authorities: Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority Seychelles (FSA) and South African Financial Sector Conduct Authority (FSCA).
Margin trading with leverage
　　When trading spot markets, such as currencies, stocks or precious metals, traders buy assets in cash, whereas derivatives like CFDs allow you to use leverage. CFD trading is a leveraged product and allows traders to increase their exposure without increasing their collateral. For example, with 1:30 leverage, you can open a position for 10,000 USD/JPY with just $333.33 of margin.
　　Depending on the regulations in your region, you can access leverage up to 1:500 on certain asset classes. Leverage makes it easier to trade dynamically and not be limited to opportunities due to capital constraints. As the main function of leverage is increasing your exposure, it does expose you to greater risks.
Many instruments are supported
　　CFDs can be created for almost any financial instrument where brokers can derive prices. Some brokers even offer CFDs of other derivatives, such as options contracts.
　　tixee offers seven asset classes across its trading platforms, meaning CFD traders have as much choice as possible from a single provider. The broker offers stocks, indices, precious metals, energy products, commodities, cryptos and forex.
Longer trading hours
　　Many exchanges are only open for eight hours, give or take. In contrast, CFDs are tradable almost constantly, which limits trading opportunities.
　　CFDs are not exchange-traded products, meaning brokers can offer products outside exchange trading sessions. For example, the FTSE100 closes at 16:30 UK time, and the FTSE100 futures market closes at 21:00 – but you can keep trading FTSE100 CFDs on the tixee platform until 22:00.
Intuitive contract specifications
　　While considered complex and highly risky, CFDs are relatively simpler than other derivatives, such as futures and options. CFDs do not expire and are automatically rolled over from one day to the next until positions are closed.
　　Because CFDs are traded over the counter in deals between brokers and traders, you can open and close positions at any time. In contrast, exchange trade products require someone to buy your asset or contract.
CFDs cost-effectiveness
　　Another benefit of trading CFDs is the lower execution cost compared to buying the underlying asset outright in the spot market. Many stock exchanges charge transaction fees, brokers impose minimum order fees, and some countries, such as the UK, charge stamp duty.
Downsides of CFD trading
　　This article focused on the benefits of CFD trading, but that doesn‘t mean there aren’t any disadvantages. Trading CFDs is incredibly risky, and only disciplined and risk-conscious traders have a chance of long-term success trading this product. Before trading CFDs, you should familiarise yourself with the risks of trading leveraged products.
Where to trade CFDs
　　If you think CFD trading is right for your personality, objectives, and strategy, find a CFD broker that offers exceptional services, including reliable trading platforms, trustworthy account funding methods and a wide range of trading products. All of these are offered by tixee, an international and multi-award-winning broker specialising in forex and CFD trading.

https://www.wikifx.com/en/newsdetail/202208055544825102.html

Abstract：Forex trading is everything abut the exchange rate, the exchange rate can define both your profit and loss. There are generally two forex mechanisms.

* 　　Variable Exchange Rate Mechanism: In a variable exchange rate mechanism, currency fluctuates freely, and the value of the currency depends on market capabilities.
* 　　Fixed Exchange Rate Mechanism: In a fixed exchange rate mechanism, currency cannot fluctuate freely, and the value of the currency has a fixed level for some single currency, such as USD, or a fixed level for basket currency. Under the fixed exchange rate mechanism, local central banks intervene and prevent exchange rate fluctuations through foreign exchange reserves.
The main factor influencing the exchange rate in forex trading
　　The market value of free-floating currencies is determined by many factors such as international trade, economic and political environment, interest rates, and short-term currency supply and demand. Whats different from other asset markets is that the forex market is a complete market where exchange rates can fluctuate freely.
* Over-the-counter transaction (OTC)
　　The forex market is an over-the-counter trading market, which means that there is no actual trading place and no prescribed transaction and payment time when both parties make a transaction in this market. The forex market runs through an electronic transaction network between banks, companies, and individuals, and is constantly operated 24 hours a day.
　　After constant price negotiations between forex broker, the final purchase/sale price is entered into the computer program and displayed on the official offer screen. The forex offer between banks is called the exchange rate between banks