We start by explaining [00:40] what a Contract for Difference (CFD) is and move on to [01:50] discuss the three critical aspects of CFD trading: leverage, commission, and overnight financing. Learn how to profit from both long and short positions [04:05] and discover why commission fees can vary dramatically between brokers [05:32]. We also cover…
Gold continues unfolding a mini-range above $2,500. The upside is capped by a recovering US Dollar on the back of easing concerns about the US economy. Labor market data out this week could be key, with Nonfarm Payrolls the main release on Friday. Gold (XAU/USD) continues trading in a familiar range just above $2,500 on…
On 9 August, our analysis of the long-term BTC/USD chart noted that Bitcoin’s price was at a crossroads, moving within the bounds of two channels: → A bullish channel (shown in blue), which began forming in 2023 on the back of Bitcoin ETF approval rumours;→ A bearish channel (shown in red), which started taking shape…
TriVersa EA: A Comprehensive Review of the Forex Trading Tool In the fast-paced world of forex trading, staying ahead of market trends is crucial for success. Many traders, both new and experienced, are turning to automated trading systems to help them navigate the complexities of the market with minimal effort. One such tool is the…
USDJPY: Following the release of US Personal Consumption Expenditure (PCE) data for July, the Japanese Yen (JPY) has remained stable against the US Dollar (USD), with traders adjusting their expectations of an aggressive rate cut by the Federal Reserve in September. The CME FedWatch Tool indicates that the market anticipates a minimum 25-basis-point rate cut…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! 1-Hour Trading Psychology Masterclass In episode 470 of the Desire To Trade Podcast, you will hear a 1-hour trading psychology masterclass where you’ll learn everything you need to know about the psychology of a successful trader – coming from the best in the…
2024.09.02 2024.09.02 Short-term Analysis for Oil, Gold, and EURUSD for 02.09.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro’s short-term…
I’m seeing a textbook break and retest situation on the daily chart of EUR/CAD! Will this potential support zone still hold or will we see a breakout this time? EUR/CAD Daily Forex Chart by TradingView Last week’s crude oil rally propped the commodity-related Loonie higher against most of its forex peers, allowing EUR/CAD to retreat…
SHANGHAI (Reuters) – China’s State Administration of Market Regulation (SAMR) said on Friday that Alibaba (NYSE:) Group had completed three years “rectification” following a record $2.75 billion fine levied in 2021 for monopolistic practices. The regulator said Alibaba had achieved “good results” and that it would continue to “guide” the e-commerce giant to “regulate its…
Single-word Ofsted judgments for state schools will be scrapped with immediate effect to be replaced by report cards aimed at improving standards and helping parents to better understand schools’ strengths and weaknesses. The four headline ratings currently awarded by the inspections watchdog in England – outstanding, good, requires improvement and inadequate – will go as…