WikiFX has discovered that the forex broker FXPACE was one of the aforementioned fraudulent firms.
Bearish View Sell the EUR/USD pair and set a take-profit at 1.005. Add a stop-loss at 1.0245. Timeline: 1 day. Bullish View Set a buy-stop at 1.0240 and a take-price at 1.0365. Add a stop-loss at 1.0150.
Forex fraudsters sometimes claim to be regulated in order to capture traders' faith. When trading forex, it is essential to examine the regulators' registries.
The Ukrainian regulator NSSMC has recently blacklisted Esperio and put it on its list of potential scams!!!
Nigerian companies in the Construction, Oil & Gas, Manufacturing (including FMCGs), Agriculture, Real Estate, and Technology sectors otherwise referred to as COMART posted combined revenue of N5.2 trillion in the first half of 2022 defying inflation and exchange rate challenges.
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.
Many new day traders think that false breakout is irritating. A false breakout happens when a stock, forex, or futures contracts look about to move to one direction, it moves, then it suddenly reverts to the opposite direction.
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.
Support and resistance levels assist traders to understand the market better. As we all know, anyone who has a better understanding of the market has a sharper edge compared to those who don’t
Apart from the previous tips, there’s analysis in the list of how to become a succesful forex trader. Analysis helps you in many ways to reach profit.
Forex trading is everything abut the exchange rate, the exchange rate can define both your profit and loss. There are generally two forex mechanisms.
If you think you’re ready to plunge and start real-time trading, you should choose a forex trading strategy. There’s a huge amount. You can choose the forex strategy. This is because investors, speculators, companies and banks have been trading for decades.
The role of Wikifx in promoting forex trading in South Africa can never be underrated. This voluntary non-governmental body has consistently offered useful tips to guide all forex traders across the globe, especially in South Africa - on how best to make profits from trading. Very often, traders visited the Wikifx platforms to obtain information on the best broker to choose for their trading.
LUNOTRADE a scam brokers that victimized 3 traders in a week.
The Naira exchange rate against the US dollar has remained volatile on the black market in the just concluded week, with the rate jumping to N685 over the weekend and remaining at this level in the new week. This has caused great panic among investors who fear a retest of the previous all-time low above N700 recorded last month.
The biggest problem with forex trading that contributes to its constant conspiracies is a lack of transparency and unclear regulatory structures. Though there are forex brokers that run a legitimate business operations, there are also many forex brokers that are unregulated and are pyramid schemes in disguise.
About 2.3 million people in the Philippines were pushed into poverty between 2018 and 2021, largely due to the economic downturn caused by the pandemic, the statistics agency said on Monday.
The BTC/USD currency pair rallied ever so slightly on Friday as we continue to grind back and forth. That being said there is a little bit of a “buy on the dip” mentality at the moment, but not necessarily anything that I would consider to be explosive or momentous. I think at this point in time it’s likely that we could get a little bit of a pullback, but I think also that there is a certain amount of accumulation going on which will probably be well for the long term.
Two WikiFX instructors addressed the fundamentals of forex trading last Saturday, August 13, 2022, at D Veranda Events Place Domingo Village. The event was presented by Master IB Ron Merca and Professional Trader Max Gines, as well as two guest lecturers, Jose Diaz and Rey Angan. They are all professional trading brokers of Fortune Prime Global (FPG)
FTSFX is an illegitimate broker operating in Hong Kong and the website is available in both English and Chinese.