With its departure from the European Union, the United Kingdom is experiencing the bitterness of the poison itself after Brexit. Because, for example, the export of meat to EU countries now has to face (and overcome) a difficult and lengthy bureaucratic process. To meet requirements which, in most cases, were created or suggested by the British themselves on imports from third countries outside the European Union.
Representative of the local meat industry, the Association of British Meat Processors (Bpma) is calling for help. It states that 20% of the sector’s exports are definitely lost and that to respond to transport, sanitary and customs requirements, around 30% to 40% of closed cargo shipments now made are costing 50% more than before Brexit. Or, as bpma points out, “to continue exporting to the European Union we will face an additional cost estimated between 90 and 120 million pounds”.
Seeking to demonstrate the difficulties that the meat industry now faces to reach the EU, the entity has drawn up a document in which it illustrates with an example – export, to Paris, of a batch of pork chops – the pre and post-Brexit bureaucracy.
By December 31, 2020, with an international consignment note (CMR), the transporter simply loaded the truck and the process was terminated. Time: 10 minutes and a single document.
Since January 1, 2021: until the truck leaves the factory, 20 different documents are required, which consumes between 4 and 12 hours. But this does not conclude the process, because, until it arrives in Paris, the cargo goes through nine other bureaucratic processes (passage through border posts, Customs and sanitary supervision, etc.).
To minimize these (for the British, unprecedented) challenges, the BPMA calls for (1) internal improvement in inspection and certification systems; (2) electronic documentation (even the color of the ink of a stamp on an invoice has hampered shipments); and, (3) search for sanitary equivalence with the EU.
In the words of the entity, “we can learn from other countries whose systems are much more flexible… to obtain services efficiently and economically”.
Forex trading historical positions ratios can be a useful tool when using sentiment analysis techniques to inform forex trades. They show the percentage ratio of long (buy) positions to short (sell) positions over time, and these can be interesting to compare side-by-side, or overlaid on the same graph, with the price movements over that same time period. These ratios are broker-specific, in that they only show the position ratios for traders that use a specific brokerage. This means that they do not necessarily reflect the sentiment of the market as a whole, but they are nonetheless useful for analyzing the aggregate reactions of online traders to the information that is presented to them.
Where to Find This Data
This data is not available from all brokers, and the way in which it is presented varies from brokerage to brokerage. However, if you learn how to interpret this type of data using a set of graphs from one brokerage, you may find that the same principles apply when it is presented in different ways, and it is important for forex trading. One firm that does provide this data is Canadian brokerage Oanda, which provides it in the form of two sentiment analysis tools, which we shall explain here. Other similar tools include DukasCopy’s SWFX Sentiment Index and FXCM’s Speculative Sentiment Index (SSI).
Figure 1: Current Long-Short Ratios and Open Position Ratios (source: OANDA)
The first graph shows a breakdown of current forex open position ratios for major currency pairs among Oanda customers, and is updated every 20 minutes. The bars are split into two colours, with the blue portion to the left displaying the percentage of long positions taken on that currency pair, and the orange portion showing the percentage of short positions for the same pair. This is accompanied by a second graph (right) that gives a breakdown of the percentage of total open positions on the broker’s order book that correspond to each of the major currency pairs. It should be noted that minor currency pairs are not included in the calculations, hence the percentages of these major currency pair open positions always adding up to 100%.
Figure 2: Historical Long/Short Ratios vs Price Data (Source OANDA)
The second graph show the long to short ratios for a given currency pair over time, in this case EUR/USD, among Oanda customers. When the ratio is more than 50%, it means that there are more long positions than short positions being taken, and when it is below 50% it means that there are more short positions than long positions being taken. If, for instance, we had a ratio of 70% for EUR/USD, this means that 70% of EUR/USD positions at that point were long, and 30% were short. This is overlaid with a graph of the actual price movements over the same period.
Forex Trading – How a Contrarian Investor Might View This Data
Sentiment analysis techniques, such as analyzing long/short ratios, are often used as part of a contrarian investment strategy. When following this type of strategy, a contrarian investor will interpret the data as a cue to do the opposite of what the majority are doing. When the ratio rises above 50%, it can be taken to mean that the crowd sentiment is bullish on that pair, which a contrarian will interpret as a sign to be bearish. By the same token, when the ratio is below 50%, this means that the crowd is bearish on that pair, which might lead a contrarian to the conclusion that they should be bullish on that pair.
Given that these are broker-specific indicators, ratios that are close to the 50% mark could be said to be pretty inconclusive in terms of general market sentiment, as there is an implied margin for error when taking such a small sample of the total market. However, ratios that are much bigger or smaller – such as over 60% or less than 40% – could be said to be a fairly useful indicator of how the market is feeling about a currency pair. Also, extremes of sentiment make it more likely that the crowd is wrong, especially if the ratio goes against the grain of the dominant trend in the market as a whole. So, if the EUR/USD is 75% long (ie extremely bullish), and the price trend is downwards, it means that the crowds are buying into EUR/USD losses in an aggressive way, which could be taken as a contrarian signal that the pair could go even lower.
Conclusion
Historical positions charts are just one tool that can be used as part of a wider analysis of market sentiment and forex trading. While they are flawed in one sense, in that they do not represent the entire market, they can nonetheless be useful indicators of what the majority of independent investors are doing, which if you take the view of a contrarian investor, can be a useful guide as to what not to do. By looking at these charts side-by-side or overlaid with a price chart (as in the Figure 2 above), you can see how frequently this tends to be the case. If the crowd were right, then a sustained period with a high long/short ratio should see an accompanying escalation in the price of the currency pair, but as we can see, the crowd are more often than not wrong – which is the concept that underpins the contrarian approach to investing.
For years, bitcoin was touted to be the preferred currency of criminals. A world that was devoid of proper authority, filled with weak points where hackers could waltz in and take whatever they wanted. Said to be worthless, unsafe, and unregulated. Fast forward a bit, to around 2017 when public adoption was on the rise, and bitcoin became a “fad”, just another bubble, unlikely to pan out or provide any real investment potential.
Frankly, none of this wears true of bitcoin then, and it’s certainly not true of bitcoin now. However, these classic arguments, put forward by bitcoins most vocal detractors do describe a financial system. Unfortunately, it’s the one backing our governments, paying our bills, and being used by us every single day. Even a novice bitcoin user could tell you that exchanges like Bitvavo are exceptionally secure. They’re quick and easy to use. They’ll never cause a global financial crisis, and in fact can function as an attractive hedge should fiat fail completely. They’re available for business 24/7, and possibly greatest of all- anyone can use it.
It’s always good to remember that when making payments with Bitcoin, we need reliable payment and invoice tracking services. Many companies offer this service with excellent quality, such as https://www.zintego.com.
Central Banks vs. Bitcoin
Speaking frankly, bitcoin is probably more safe than traditional financial options because it is free of one commonality. An eventuality that will degrade the goodness of near any medium it’s applied: the power of greed. While bitcoin is absolutely used as a medium in which to increase gains and bolster portfolios, but because of its decentralized nature, the whims of powerful individuals are largely left outside of the regulatory and functional aspects of the digital asset.
The usefulness, and the inherent safety, of this decentralized structure can be easily distinguished when you look at centralized banking structures and digital currencies side by side. Despite a well-known, and largely explicit, history of less-than-toward banking practices; despite a fiat based on nearly as much physical worth as bitcoin itself- many still trust these legacy institutions. Why? Well, for one- digital currencies can be confusing.
Transactions
Despite the multitude of intricacies that go into making one transaction at your local bank, it’s something that the major majority of the well banked world is supremely familiar with. Even if it’s simply on a superficial level. Depending on what country you’re hoping to originate your bank-to-bank transfer in, and consequently where you want your transaction to terminate, bank transfers are relatively simple.
You choose an account to either send money to, or take money from, give this number to the other participating party. Personally, identifying information and amounts exchanged, the transaction goes through your bank’s digital network. After putting a hold on the funds that will be withdrawn, your bank turns toward its IT system. If your bank exists within the same network as the bank you’re transacting with, the procedure is relatively quick, mostly safe, and fairly inexpensive. Should you require your bank to go outside of their network, transactions can become prolonged, expensive, and more dangerous. Exposing users to fraud, scams, and exposure of their personally identifying information.
Bitcoin is a truly global banking system, where sending money to the most unusual places is still secure, relatively inexpensive, and nearly instant. Otherwise, transaction processes between banks and bitcoin work somewhat similarly. Instead of your name, address, bank account number, and sorting code however- all you send is a public key, comprised of a series of numbers and letters, that is associated with your wallet address. This particular key can never be used to withdraw funds from your wallet, only to identify where it is. In order to actually send or receive funds, bitcoin users must privately “sign” a bitcoin transaction with their private key. A piece of information that you share with no one.
Safety
These public and private keys are one of the things that helps keep bitcoin safe. When transacting digital currencies, it’s just not necessary to share personally identifying details like your address or social security number. So, the likelihood of this information becoming public is exceptionally slim. Unlike the centralized banking system, as many have been the victims of identity fraud thanks to the outmoded practices used by many banks.
Bitcoin is also safe from inflationary practice, as the coin relies on an economic principle called “artificial scarcity” to derive its value. This means that a finite amount of bitcoin is in existence, and only that amount will ever exist. No more can ever be created. So, the crypto relies on the models of supply and demand to hold its value. Fiat, on the other hand, can essentially be printed at any time a government deems it necessary, which can cause some serious problems for consumers. As seen in the hyper inflated financial landscape of Argentina, or the 2008 housing market bubble and crash.
Bitcoin is also safe because it’s transparent. Centralized banks buy debt, create debt, and essentially make money off of using your own- in ways that you’re unlikely to ever see, as it is rare for a bank to open up their books to the public. Bitcoin uses a distributed ledger technology called blockchain. The blockchain is a public record of every transaction that has ever been made on the bitcoin network. While these transactions can be viewed, they cannot be reproduced or altered once they are added to the blockchain. Creating a self-sustaining environment of transparency. Miners (those computers that verify and add the transactions) are rewarded in freshly minted bitcoin and transaction fees, but no further money can be made, so there is no financial incentive to engage in risky monetary practice- nor is it even possible.
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Double tops and double bottoms are classic reversal patterns, especially prevalent in charts with shorter time frames. However, distinguishing between a genuine reversal pattern and mere market volatility can be challenging. This challenge becomes more pronounced in charts with very short time frames, like an hour or less, where market fluctuations can obscure the actual price action movement at such a detailed level.
While double tops and bottoms are powerful reversal patterns sought by traders, their interpretation can be a double-edged sword. The price often gives the appearance of forming a double top or bottom, only for the supposed resistance or support line to be swiftly breached. Fortunately, there are several strategies traders can employ to differentiate between a true reversal and a false double top or bottom.
Firstly, it’s crucial to note that a double top or bottom refers to the region where the price reverses, and this range can vary from tens to hundreds of pips depending on the time frame. When observing a potential double top or bottom and the prices for the two potential tops or bottoms are very close, the likelihood is that the pattern is false, and the price will break through those levels.
For instance, consider the USD/JPY breaking the 100 level last year. In the subsequent chart, you can observe the price approaching the 100 level, reaching 99.90 before sharply reversing. Subsequently, the price ascends nearly to the same point, at 99.88, before once again reversing sharply. When the two tops are so closely aligned, nearly identical, it signals a false double top, indicating that the highs will likely be surpassed, as demonstrated in this case.
Delaying action until the neckline is breached
In the context of a double top pattern, certain traders opt to sell when the price experiences a second dip, occurring shortly after the rebound and the formation of the second peak. While this approach carries higher risk, the potential reward is also greater.
A less risky strategy involves placing the sell order after the price has dropped below the neckline support, turning this support into resistance. When combined with the upper line, two resistances are then positioned above the current price level. Breaking through both is necessary for the upward trend to resume.
While not a foolproof method, this approach does offer some confirmation that the trend is indeed undergoing a directional change.
Another critical factor to consider is the time interval between the two potential tops or bottoms. The longer the duration between them, the higher the probability of it being a deceptive move. Conversely, a shorter timeframe between them, up to a certain point, increases the likelihood of a genuine reversal. An illustrative example can be found in the EUR/USD monthly chart from 2008 when the price exceeded the 1.60 level. The brief period between the two tops signifies an authentic reversal in progress, and, as observed, that is precisely what unfolded.
Distinguishing between a double top and its counterpart, the double bottom, is primarily based on the number of resistance retests. The critical factor lies in recognizing the subtle differences between these two closely related chart patterns.
Cookie Duration Description:The number of resistance retests is a defining feature. A double top involves two peaks at a similar price level, forming a distinctive ‘M’ shape. Conversely, a double bottom displays a ‘W’ shape, indicating two troughs at roughly the same level.
Target Measurement:The target measurement is calculated from the lowest trough to the level of the intervening peak. This measurement provides an estimate of the potential downward move after the confirmation of a double top pattern.
Market Rejection and Support:Following the formation of the second peak, the market is typically rejected from this level, retracing back to the same support level. This reinforces the significance of the resistance-turned-support dynamic.
Third Criteria:Moving forward, the third criterion involves observing the price action as it approaches the established support level. A clear confirmation of the double top pattern occurs when the price breaks below this level, indicating a potential trend reversal.
Trading Strategy:To effectively trade with the double top chart pattern strategy, focus on making informed decisions using naked charts. Rather than waiting for the market to swing into support with a larger stop loss, consider placing your stop loss at a shorter distance. This adjustment minimizes potential losses in case the market swiftly reverses towards the upside.
Understanding the nuances of the double top pattern and implementing a strategic approach to trading it can significantly enhance your ability to identify profitable opportunities in the market. By incorporating these insights into your trading strategy, you can navigate the complexities of price action and make more informed decisions.
Therefore, although it holds true that double tops and bottoms can serve as potent reversal patterns, the key lies in discerning with a reasonable degree of accuracy which ones are genuine and which are deceptive. Given their frequent occurrence, it’s easy to be misled, but mastering the ability to correctly identify them can unveil substantial profit opportunities.
Navigating the world of foreign exchange, or forex, might seem a bit overwhelming, especially for those hands-on investors out there. But hey, don’t worry! There’s a bunch of books about currency trading, from the basics of the forex market to some fancy strategies involving fundamental and technical analysis. Let me share the list of best forex trading books that have been through the highs and lows of the forex market and are still going strong
Courtney Smith kicks off ‘How to Make a Living Trading Foreign Exchange’ by giving readers a solid introduction to the workings of the forex market. However, the majority of this 2010 masterpiece is dedicated to the pursuit of making money, unveiling six strategies for cultivating a steady income through trading. Smith doesn’t skimp on essential risk management techniques and delves into the psychology of trading. What sets this work apart is Smith’s elucidation of his distinctive ‘rejection rule,’ a strategy crafted to amplify profits derived from fundamental channel breakout systems
For those just dipping their toes into currency trading, ‘Currency Trading for Dummies’ stands out as a top pick. Packed with clear and easy-to-follow instructions on navigating currency trading and understanding the forex market, this book is not just for beginners—it’s a handy refresher for seasoned pros too. Often cited by the financial media, this gem, originally published in 2011, got a modern update by none other than Brian Dolan, the former chief currency strategist at Forex.com, and Kathleen Brooks, the director of research at Forex.com.
Kathy Lien, the powerhouse currency analyst, managing director at BK Asset Management, and a familiar face on Bloomberg, CNBC, and Reuters, has truly mastered the art of demystifying forex. In the third edition of her book, Lien takes a dual-pronged approach, blending theory and hands-on learning with a well-balanced perspective on fundamental and technical forex trading strategies, all geared toward consistent profits. Guiding readers step-by-step, she unravels the complexities of Forex fundamentals, exploring both long- and short-term factors influencing currency pairs. Plus, she sheds light on the technical analysis strategies used by professional forex traders in their day-to-day operations.
True to its title, this book is all about laying the groundwork for beginners. The author, a self-taught forex trader with a passion sparked at a private gathering for stock traders, breaks down the essentials in a way that’s crystal clear. Brown’s writing, while never condescending, assumes nothing about the reader’s existing knowledge. Covering the ABCs of forex and forex markets, strategies for making entries and exits, trading psychology, the nitty-gritty of forex pairs, where to trade foreign currencies, tips on choosing a broker, and even sharing his own trading strategy, Brown offers a roadmap that novices can follow or tweak to create a personalized trading journey.
Steve Nison’s ‘Japanese Candlestick Charting Techniques’ is celebrated for introducing the versatile tool of candlestick charting to the Western world, now widely embraced by forex traders. This comprehensive book offers a deep and extensive education on candlestick charting, a technique applicable not only to forex but also to futures, speculation, hedging, equities, and anywhere technical analysis is in play. Nison’s work serves as an invaluable resource for traders looking to elevate their strategies. For those hungry for more insights, Nison’s sequels, including ‘The Candlestick Course,’ ‘Beyond Candlesticks: New Japanese Charting Techniques Revealed,’ and ‘Strategies for Profiting with Japanese Candlestick Charts,’ provide further exploration into this powerful charting method
Drawing on his firsthand knowledge of the challenges traders confront, Dr. Brett Steenbarger offers insights into overcoming these hurdles using performance and psychological strategies. In ‘Enhancing Trader Performance,’ Steenbarger guides readers on the journey of turning talent into trading skill. He unveils a structured process for developing expertise and illustrates how this approach can pave the way for achieving success in the market
Wayne McDonell, the go-to guy as Chief Currency Coach at FX Bootcamp, has put together a user-friendly handbook for navigating today’s Forex market. McDonell shows you the ropes on making savvy trades and walks you through the art of blending common technical indicators to craft a winning market strategy. His book lays out a practical trading plan and, in the process, dives into the real hurdles a Forex trader encounters—stuff like battling greed, dealing with fear, handling losses, and the occasional sense of isolation
In this bestselling second edition, Tharp provides traders with a distinct advantage in today’s market landscape. Covering all facets of the market environment, he introduces his new 17-step trading model. The book incorporates updated examples and charts, delves into reward-to-risk multiples, and enriches the reader’s understanding through insightful interviews with top traders
Nison, the pioneer who brought the candlestick technique to the West in two prior bestselling forex trading books, takes it a step further in ‘The Candlestick Course.’ Breaking down patterns of varying complexity, he engages readers with quizzes, Q&As, and extensive examples to test and reinforce their knowledge. Written in accessible and easy-to-understand language, this book provides expert guidance on the practical applications of candlestick charting, ensuring traders of every level gain a comprehensive understanding of this powerful analysis technique.
This comprehensive, fully illustrated how-to book unveils six original and definitive technical trading systems. Built on the premise that no single technical trading system consistently generates profits in both robust directional markets and non-directional congestion markets, the book provides insights and strategies for navigating diverse market conditions.
Catering to both novices and seasoned traders, Murphy demystifies the concepts of technical analysis and their practical applications. He skillfully interprets the role of technical forecasters, elucidating how they leverage their techniques in the financial markets. Serving as an excellent primer for both technical and fundamental analysis, this book also serves as a gateway, directing readers towards other valuable sources of knowledge in the field.
In his exploration of intermarket analysis, Murphy dissects the intricate relationships between global equities, bonds, currencies, and commodities. Written in straightforward language, he builds a compelling case for intermarket analysis, cutting through the noise of conflicting economic news and daily viewpoints. The result is a clear and current picture of the interwoven dynamics shaping the financial landscape.
In this second edition, Lien offers a diverse array of technical and fundamental strategies for achieving profitability in currency trading. Drawing on time-tested approaches, she equips traders with the tools to compete at the highest levels. The book covers not only technical strategies but also delves into fundamentally-oriented approaches, exploring intermarket relationships, interest rate differentials, option volatility, news events, and the impact of central bank interventions.
“Douglas emphasizes that successful trading is predominantly a psychological game, attributing 80% of success to mindset and only 20% to methodology. He identifies emotion as the adversary of triumphant trading. In his forex trading book, Douglas articulates that even with a modest grasp of fundamental and technical information, those who maintain psychological control will thrive in the dynamic trading environment
Continuing from where ‘The Disciplined Trader’ left off, Mark Douglas dives deeper into the psychology of trading in his sequel, ‘Trading in The Zone.’ Focused on bridging the gap between perceiving market movements and executing trades, this book goes beyond the technicalities. Its purpose is to provide readers with profound insights into themselves and a deep understanding of the trading landscape, aiming for sustained success by unlocking the nuances of the trader’s mindset.
In the follow-up to his highly acclaimed trader interview collection, ‘Market Wizards,’ Jack Schwager delivers valuable insights into investing gleaned from some of Wall Street’s most esteemed professionals. Sharing firsthand accounts of remarkable successes and self-inflicted setbacks from prominent traders and investors, Schwager illustrates that even small investors can sidestep pitfalls and optimize their financial endeavors. Through inside stories and practical advice, he empowers readers to navigate the intricate world of finance with confidence and wisdom.
Lien and Schlossberg join forces to unveil a strategy on how to outsmart Wall Street in its own arena. In ‘Millionaire Traders,’ they introduce twelve everyday individuals who have metamorphosed into highly successful traders. The book delves into their insights and practical advice, centering on equities, futures, and foreign exchange, scrutinizing the diverse paths they’ve navigated to achieve substantial profits. Packed with a wealth of strategies, this book provides a versatile toolkit for making money in today’s dynamic financial markets.
Forex trading books provide invaluable insights and strategies, serving as essential guides for traders navigating the dynamic world of foreign exchange markets.
In conclusion, the world of Forex trading is rich with resources, and Forex trading books stand as indispensable companions on the journey to mastering the complexities of currency markets. Whether you are a novice looking for foundational knowledge or an experienced trader seeking advanced strategies, Forex trading books offer a wealth of wisdom, insights, and practical techniques to enhance your trading performance and navigate the ever-changing landscape of the financial markets.
Today we will talk about one of the most important themes for the trader which are deposit and withdrawal funds. For the beginning, we will tell how it happens with the WFT Group broker.
Every broker has his own rules and principles how to deposit money by traders on the platform. Surely, the WFT group has its own system. But, it’s quite different from the input system of other brokers. The difference is for the better, that’s why we decided to consider it in more detail.
The Way to Involve in The Trading
Usually, brokers are offering several ways how to deposit money on their platform (with fiat currencies, electronic money as YAD, web money, Qiwi etc.), which are differ directly in the input technology and the percentage for the transaction. Moreover, there are usually more ways to deposit money than ways to withdraw.
With WFT Group brokers situations is different. He has approximately the same number of ways to deposit and withdraw earned money. Of course, there is a standard withdrawal of funds to bank cards of various international payment systems, as well as a bank transfer.
Also there are ways to withdraw funds to electronic wallets. Many brokers have a way to deposit funds using electronic wallets, but no withdrawal to them. This is due to legal problems – it is necessary to conclude agreements with the owners of these electronic payment systems, to undergo a check with them. All this is time, money and hassle. WFT Group went to all this for the convenience of its clients. And now its traders can withdraw Funds to electronic wallets. You can withdraw part of the funds to a bank card, and part to electronic wallets. Such diversification allows you to avoid additional conversion (for example, if you need to transfer money from a bank card to an electronic wallet for a purchase), which means additional expenses.
WFT Group – Transactions via e-wallets
At the moment, the broker of WFT Group can withdraw funds to the following electronic wallets – Webmoney, Qiwi & Neteller.
Web Money is one of the oldest payment systems in Russia and CIS countries.
Due to its reliability, which is proved over the years, it has many users. The big advantage of Web Money is that it has a large number of electronic currencies (fiat currency equivalents). It also has electronic wallets for several cryptocurrencies.
Qiwi is one of the most popular electronic money in the world. It has a large number of ways to enter funds into this system, including using a variety of special Qiwi terminals.
Neteller is also one of the oldest payment systems that can be used to make international payment transfers around the world. It supports 26 currencies including USD, Euro, Yen, British Pounds, Swiss Franc, etc.
As you can see, WFT Group offers three of the most popular e-wallets. Another small convenience – by default, the system offers a withdrawal of funds in the same way as input. After all, users usually deposited and withdraw funds to the wallet that they often use. But, again, you can deposit and withdraw funds in different ways, including partly in one option, partly in another.
WFT group – withdrawal of funds
One of the most painful moments in the relationship between a trader and his broker is the withdrawal conditions. For some reasons, many brokerage companies operate according to the principle: “Entry – one ruble, exit – two rubles.” That is, it is easy and simple to deposit money on their platform, but it is much more difficult to withdraw money. In this regard, the WFT Group is a welcome exception. Let’s list the rules for withdrawing our earned funds from this broker:
WFT Group does not charge a commission for a single withdrawal within a month. The commission is charged only by the payment system through which the transfer is made – Visa, MasterCard, Qiwi, Webmoney, etc. From second and subsequent transfers during the month, the WFT Group withholds $ 12, regardless of the transfer amount.
The minimum amount of transaction – 25 dollars or euro, (other brokers usually have a minimum hold of $ 100). This is very convenient for innovator traders who usually cannot immediately boast of big earnings.
The withdrawal period does not exceed 24 hours (for other companies, the standard period is 3 banking days). Want to mention that 24 hours is the time it takes for WFT Group to transfer money for transfer to the payment system, which may have its own terms for transferring funds.
Due to the approval of fiscal state policy, WFT Group may require the submission of documents to verify identity. But, let us clarify again, this is due to state policy, and such restrictions have all brokers.
Money for Withdrawal
A unique feature of the WFT Group in its withdrawal policy is that you can withdraw ALL money that is currently in the trader’s deposit, including those, which are received as bonuses. Of course, except of those, which are involved in open positions. So, bonuses can be withdrawn from the deposit according to the general rules! Other brokers significantly limit the withdrawal of bonuses or even prohibit the withdrawal of such funds.
Based on the foregoing, we can recommend both to beginners and experienced traders WFT Group as a broker.
WFT Group Reviews
A broker is required for trading. Therefore, people who want to make money on this, read reviews of brokers on the Internet in order to find the most professional for themselves, who will help them become successful.
We want to warn you. Very often the reviews are not real! For example, you can find notes that the WFT Group is a deception, that they are scammers. Although, objective information from this company suggests otherwise.
These messages can have two purposes:
1. They blackmail the broker in order to get money from him for deleting such notes.
2. To defame a broker so that novice traders can go to another broker.
It is no coincidence that such texts appear exclusively on sites that have been repeatedly caught in blackmail and posting paid reviews.
Before you believe the message from an unknown person that WFT Group are scammers, please, make an objective analysis, according to absolutely reliable and easily verifiable information.
WFT Group is an international broker with many years of experience and the winner of many prestigious competitions.
It cooperates with over ten thousand traders all over the world.
Offers convenient and fast money deposit and withdrawal.
Insures traders from unsuccessful deals.
Offers traders the most advanced trading software available today – the platform MetaTrader5.
We encourage traders to work with the WFT Group to make objective assessments of this broker. Let’s make the Internet more truthful together and help novice traders to make the right choice.
The Interprofessional Organisation for sheep and goats meat, Interovic, has secured seven million euros for the promotion of lamb and kid meat in the internal market. This is the third consecutive program granted by the Executive Agency for Consumers, Health and food of the European Commission (Chafea) to the Interprofessional.
It is a continuation of the multi-country program that Interovic is currently developing in Spain and Hungary and whose objective is to promote the sustainable nature of the sector.
The first campaign, carried out from 2015 to 2017, focused on modernizing the way these foods are marketed through new cuts. The second, from 2018 to 2020, promoted the sustainable nature of sheep and goat production. The latter plans to keep focusing on a related message, but this time with the addition of the hospitality industry.
Raúl Muñiz, the president of Interovic, has indicated that “having these resources provides an opportunity for the sector as it allows us to multiply by four the funds raised through the Extension of the Standard and that just renew now”, adding that thanks to the contribution of all the sector have managed to position itself as “the flesh sustainable” and will continue to convey this message to the whole of society.
“We are proud to know that Europe is betting on us again. This project is one of the selected of a total of 49 that were presented in the 2020 call, Interovic bet on promoting the sustainability of the sector and the granting of this campaign gives us the necessary support from the European Commission to be able to transfer this to the whole of society”, said Tomás Rodríguez, director of Interovic.
The campaign to the sustainability of sheep and goats meat will run from 2021 to 2023 with a budget of 6.975.000 euros. Approximately 2.7 million euros will be invested each year (two million in Spain and the rest in Hungary).
Known as the Wholesale Price Index from the time of its inception till the late 1970s, the Producer Price Index (PPI) and the Consumer Price Index both have extrapolative value and are used to define various economic facets. However, it is important to note that the consumer price index solely emphasizes on consumer spending and on the standard of living of consumers. The producer price index, on the other hand, focuses on the costs of manufacturing goods for a market.
For example, the producer price index negates previous editions of products, such as cars, when it is revealed that newer models are to be introduced or already have been introduced. The producer price index also negates other factors like sales, excise taxes and distribution expenses and instead includes the costs of durable goods which play a key role in production. Here are some of the most important benefits of using a producer price index:
Accurate Measuring of Inflation
People hold a sudden increase or decrease in the cost for consumer goods as a major reason for inflation in an economy. The PPI can measure the inflation’s real growth along with the reduction in total output of an economy, while the consumer price index solely considers factors pertaining to the demand and supply in the economy. The producer price index can be utilized to minimize or eliminate the effect of consumer market inflation on alterations in price and measurements.
Rather, the PPI can be used to accurately gauge the inflation rate by taking into account the price of goods, whether that price increases or decreases and when the goods are sent for distribution.
Predictive Value on Retail Changes
As you know the consumer retail price index indicates the prices of products when they reach the marketplace. And because the PPI gauges the cost of goods before they are released in the market, ready to be consumed, you can say that it can have a projecting value directly concerning their retail prices.
Contract Negotiations
Longer sales agreements involve escalation passages pertaining to the consequences of inflation and how it alters the markets. The PPI can significantly aid in the negotiation of those clauses due to the fact that it can correspond to an independent measurement of price alterations.
The Two Main Uses of the PPI
A Good Economic Indicator
The producer price index can identify various price alterations and changes before the goods enter the marketplace. Therefore, the PPI comes in considerably handy for the government to formulate adequate fiscal and monetary policies.
As a Form of Deflation
Producer price index can be also used to balance other economic time series for price alterations and to interpret those numbers into inflation free currency. For instance, continuous dollar gross domestic product information can be calculated using the information from the PPI.
The product price index cannot be used to calculate the standard of living or any other factor pertaining to the consumer. It takes a couple of days after the PPI is released for the CPI to be revealed. The producer price index uses a standard year in which the CPI is calculated, and each year is compared with the initial year, with the value 100 assigned to it. However, for the product price index, the base year is 1982. Alterations in the producer price index only reflect on percentages, because the minimal changes can be at times ambiguous as the initial number can be greater than 100.
What Can It Do For Investors?
The biggest advantage of the PPI for investors is its power to forecast the consumer price index. According to the theory of producer price index, a majority of price increments that retailers experience will in turn affect the consumer. The consumer price index can provide an affirmation to this situation.
Due to the fact that the consumer price index is a good inflation detector in any economy, most investors would make every attempt to grasp any information pertaining through the producer price index. However, this comes as no surprise to the Federal Reserve and it reviews the reports keenly in order to paint a clearer picture pertaining to the future policies that will be designed to combat inflation.
LinkedIn has positioned itself as one of the world’s most established social media platforms. LinkedIn’s niche however, provides users with the opportunity to expand their professional networks and to seek out up-to-date information from industry peers. Including, of course, those after Forex Groups.
Top Forex LinkedIn and Google+ Groups
Statistics from Linkedin reveal that approximately 225 million members, across 200 countries and territories around the globe have joined the social-network, with two new members joining the LinkedIn community every second. That is a lot of networking opportunity.
Forex Traders have caught on to this trend too. In fact, the most valuable LinkedIn tool for Forex Traders is the range of groups that Forex professionals can join.
But what is the benefit for a trader joining a group? LinkedIn forex groups allow Forex professionals to positioning themselves amongst their peers. What’s more, groups offer up the opportunity to expand professional networks beyond personal connections. Being in an active LinkedIn group opens up information of trading trends and opportunities, these can include the delivery of a broader insight into trading news and trends, recruitment and new job opportunities.
But it’s not enough just to join a group, real value comes from group participation and engagement with other members. Traders can boost networking position by adding real value to discussions, by sharing information and through asking questions.
Google + Communities
In addition to LinkedIn, Forex Traders are also turning to Google+ Communities to broaden their networks and opportunities. Google+ is Google’s answer to social networking and their attempt to become the biggest social media platform. However, Google+ is more than that, it will be part of every Google product in the future and with 363million users and counting, they certainly think so too.
Here are ten of the most useful LinkedIn groups and Google+ communities from a forex trading point of view:
1. Foreign Exchange and Currency Markets 29,544 members
This is the largest (and fastest growing) professional networking group on LinkedIn for the FX industry. The network has deep exposure to bulge-bracket investment firms, currency funds and fund managers, traders, FX commentators and academics, tier-one consultants, financial recruiters, service-providers, prime brokers, entrepreneurs, international importers/exporters, and retail end-users.
2. Forex Trading 14,390 members
The Forex Trading Group was founded to bring together FX Traders, FX Money Managers, Currency Managers, Currency Risk Managers, International Economists and all those involved in currency trading or management.
3. Foreign eXchange TRADER Network 12,891 members
Foreign eXchange TRADER Network is an international FX Business Networking group providing a forum for the generation of Business opportunities, new business development, information exchange, debate, meeting and stay in touch… (Forex, Foreign Exchange, Currency, FX, Trading, Trader, High Frequency Trading, ECN)
4. All Forex 7,948 members.
This group is a forum for everything about Foreign Currency Trading, from job opportunities within the industry to trading tips and observations from other traders.
5. FX Week 7,849 members
This forex group spin-off forum for online forex magazine FX Week provides a platform for foreign exchange professionals to share thoughts, opinions, news and other articles, as well as to simply interact as a community.
6. Forex Professionals around the World 4993 members.
This is a group for anybody trading foreign exchange instruments, allowing members to exchange ideas and build contacts
7. Forex | Currency Trading 4,126 members.
Sirius Forex Trading Group dedicated to currency trading professionals and fans of the worlds largest over-the- counter (OTC) Spot Foreign Exchange Market. This group provides insight into becoming a results-oriented trader by allowing you to network with other members/professionals and ask questions and/or share your thoughts on our discussion board.
8. Prop FX Trading Group 3,731 members
This group helps to connect FX traders worldwide so they can share information, knowledge and experiences.
9. Forex Trading Community (Google+) 852 members
This small but fast-growing community of traders and forex professionals on Google+ consists of several sections, including Forex Signals and Analysis, Broker Reviews, Special Offers, Interesting Facts, and Events.
10. Forex (Google+) 418 members
This is a more specific, strategy-based community for forex traders on Google+, where most of the posts consist of price charts along with comments. There is a section dedicated to Metatrader, as well as sections on Strategies and Trading and Economic Data. While it is smaller in terms of numbers than the Forex Trading Community mentioned above, it seems to be more useful from a trading, rather than an industry, perspective.
Having proof of income documents will provide you with several benefits.
People typically have a hard time proving their income when they’re self-employed. Proving your income is necessary if you’re trying to file taxes or get a loan. Lenders will want to see how much money you’ve made to determine if you’d be able to pay them back.
Understanding how to prove your income will make either of these processes simpler, and it’s always good to monitor your finances.
So what documents prove income? Read on to learn about the best options.
Pay Stubs
The best way to prove income if you’re employed is to print pay stubs. Pay stubs are typically provided by employers, but you can make them on a site like ThePayStubs if you’re self-employed. These documents will show several things such as your income and personal info.
What makes pay stubs the best option is they show exactly where your money went. Unlike most documents, pay stubs show what portion of your income went to taxes, insurance, etc. This also makes it easier when it’s tax season because you won’t need to do a bunch of calculations to come up with accurate numbers.
Bank Statements
Proving your income can also be done with bank statements because they’ll show how much money has entered and exited your account. The problem with a bank statement is you could have alternate platforms in which you receive money, like PayPal.
If you’re looking to prove your financial eligibility to someone like a lender, one statement from your main financial institution should be enough. However, you’ll need statements of all platforms you use if you’re trying to file taxes. For example, all of the money that goes into your PayPal is considered income.
Tax Return
Proving income can also be done with a tax return, although it doesn’t necessarily show your current income. A previous tax return is good for anyone who’s looking to borrow money right after tax season, but it won’t mean much to you if you’re trying to file taxes for the current year.
Tax returns are similar to pay stubs in that they show how much of your income was deducted. Whether you’re self-employed or work for a company, you’ll receive a tax return if you make enough to file taxes.
Use These Proof of Income Documents
Proof of income documents come in many forms, but these are the best ways to prove how much money you’ve made. Whether you’re trying to get a loan or are filing taxes, these documents will ensure that the process goes smoothly.
If you’re self-employed, we encourage you to start making pay stubs every quarter of the year. This will allow you to stay on top of your finances and filing taxes will be a lot easier. Should you decide to use bank statements, ensure that you get a statement from each financial institution that you use.
The S&P 500 index was steady on the final day of the week, recovering from an early session sell-off that saw the index momentarily falling below 3900 but slipping back from session highs in the 3920s to finish the session around 3910. Sale pressure in “value” stocks in the manufacturing, commodity, and real estate sectors contributed to the S&P 500’s late decline, described by Wall Street.
The Dow fell 0.7 percent as a result of underperformance in these markets, as well as in the financial sector after the Federal Reserve reported that it will not be expanding pandemic-era supplementary leverage ratio (SLR) rules past the end of the month (meaning banks would have to retain reserve capital for their US treasury reserves from March 31), the Dow underperformed.
The Fed’s announcement caused a brief rise in US government bond yields, and some market analysts noted that higher yields are likely to benefit US bank stocks in the future. Meanwhile, Bank of America issued a market-calming statement, stating that the expiration of SLR relief would not affect its dividend plans. However, some analysts pointed out that the Fed could now impose restrictions on bank stock buybacks, citing concerns that they could stifle Treasury market activity, putting financials at risk.
Amid a more subdued US bond yield setting, the Nasdaq 100 outperformed, as tech and “growth” stocks breathed a sigh of relief. The tech-heavy index gained around 0.6 percent in the session, but has yet to recover the 13K mark. The Russell 2000 index rose 0.9 percent, while the VIX fell 0.63 points to under 21.00 as considered by Wall Street.
There wasn’t anything more in the way of other drivers. While the US State Department recently stated that the two sides were having substantive conversations, trade negotiations between the US and China seem to be going poorly, with both sides hurling public insults at each other. Meanwhile, the news out of Europe is largely gloomy, as EU officials increasingly realize that the bloc is in the grip of a third Covid-19 surge, and countries re-enter lockdown.
Although Twitter and LinkedIn remain the most widely used social networks for forex traders, there are many communities on Facebook that could be of great interest to online traders. So let’s see some top forex trading Facebook groups. The format of this platform makes it easy to share different kinds of information, particularly the fact that graphics can be displayed so prominently, lending itself well to the publishing of charts, for example. Among the Facebook pages that have the largest numbers of ‘likes’, most fall into one of the following categories: brokers, signals providers, online academies, and community forums.
While the primary purpose of these pages is promotional, in order to draw traffic towards the main site, they are often good sources of content in themselves. By connecting with the most relevant ones, you can gather together a lot of useful information and links to content that you might otherwise miss out on with a traditional news feed. Due to the lack of size limitations, Facebook doesn’t lend itself as well to being tucked away in a corner of a trading layout as Twitter, but it can be a useful source of information and ideas nonetheless, particularly if you are browsing your news feed on a smartphone for example.
As the largest social trading network in the world, eToro has been quicker than most to see the possibilities of social media, and Facebook in particular. Their posts often take the form of conversation-starters, rather than promotional announcements, and while there is plenty of content that is specific to forex trading, there are a lot of more general business and social media-related post here too. This makes it one of the more entertaining and useful pages for forex traders to connect with.
Instaforex are one of the biggest forex brokers in Asia, a market that seems to have adopted social media, and particularly Facebook, in greater numbers than any other. Unlike Xforex, instaforex largely steers clear of purely promotional posts, veering more towards conversation-starters and infographics related to online trading.
MT5 Forum – 1M likes
MT5 Forum
This Facebook page is an offshoot of the popular MT5 forum, which we covered in an earlier article. It largely exists as a social layer for this community for sharing pictures, infographics, and charts, rather than as a replacement for the forum itself.
Free Forex Signal offers actionable trade suggestions for free, and reports their successes via Facebook. At present, Facebook is too slow and inflexible to allow for copy trading within the platform, although it can form a useful adjunct to these services as a way of drawing traffic and building community.
The Indian Forex Forum is the go-to place on the web for information and insight on currency pairs involving the Indian rupee (INR), particularly USD/INR. Their Facebook page largely consists of shareable memes, currency news, and forum highlights.
Forex Fund International is a fund management firm specialising in forex. Therefore, their Facebook page doesn’t contain much in the way of content to interest online traders, aside from regular posts containing “words of wisdom” from some of the biggest names in the history of finance, economics, and philosophy.
As a promotional vehicle for Vance Williams’ Forex Art of War training programme, this is a surprisingly useful page for traders, offering daily insights, videos and analysis from the author himself. It is also a good resource for links to useful articles and discussions of the economic events that are affecting price movements.
Forex School Online is a training programme with a specific focus on the study of price action. The Facebook page is a very active community, and a deep resource of insights and discussions regarding trading strategy and analysis, with charts demonstrating the efficacy of the strategies espoused by the programme.
This page is primarily used by FX broker Forex Count to share news, analysis, and forecasts regarding the currency market, with abundant links to reports and articles from the company itself and the web as a whole.
The page for leading US broker FXCM has quite an educational bias, with plenty of tips for making better use of their platforms, links to online tutorials, and a liberal application of price charts to accompany their sometimes quite detailed posts about market-moving events.
Unlike the more broad-based approach of many brokers, Forex.com use their page almost exclusively to post technical analysis charts pertaining to recent market events, which makes it a useful page for any forex trader to have in their news feed.
Danish investment bank Saxo Bank, which offers online trading in a wide range of financial instruments including forex and CFDs, has a very active Facebook presence that is employed for a number of purposes. These include drawing traffic towards market analysis articles and opinion pieces on their TradingFloor website, and spreading the word about the wider activities of the company, its employees, and the Tinkoff-Saxo cycling team.
Internet Forums
Trade to Win (T2W): It is a platform designed for engaged Forex traders seeking to share their insights, express their viewpoints, or seek advice. The T2W forum provides a sophisticated search feature to prevent redundant threads. Navigating the forums is made simple by their organized structure, where discussions are categorized into six sections: reception, markets, methods, trading career, commercial, and off the grid. This ensures that users can conveniently find forums tailored to their specific interests.
Forex Peace Army – It has a history spanning over five years. Their forums are categorized into “companies discussion” and “beginners bootcamp,” each further subdivided into more specific groups. Notably, the forum includes an actively engaged section named “Scam Alerts,” where individuals who have fallen victim to scams share their experiences to warn others. Users can pose questions about brokers or websites suspected of fraudulent activities to gather insights from others who may have encountered similar situations.
Additionally, the website provides a search function enabling users to find specific forums by entering keywords, author names, question statuses, prefixes, or dates. For those looking to enhance their understanding before engaging in the Forex Peace Army discussions, the platform offers useful books tailored for beginners.
Baby Pips Forex – This forum is another reputable platform catering to both novice and seasoned traders. Valuable information can be discovered in categories such as “brokers,” “trading language and indicators,” and “trading technology and tools,” particularly beneficial for those new to trading. For individuals with a foundational understanding, there are sections dedicated to analyzing trading techniques like automated, copy, or mirror trading. Additionally, Baby Pips provides an educational section to supplement forum discussions, along with four distinct calculators that serve as handy Forex tools.
Forex Forum – It stands out as another platform committed to supporting its members in achieving profitable trading outcomes by fostering global communication on both the fundamentals and nuances of Forex. This user-friendly website allows participants to engage with content related to indicators, tools, brokers, and trading software through reading and commenting. The platform also hosts threads dedicated to strategies and trading systems, including discussions on scalping or hedging.
Similar to the Forex Peace Army forum, Forex Forum includes a “scam alert” section, providing a space for users to express concerns or doubts about a particular broker. This feature enhances the platform’s commitment to fostering a secure and transparent trading environment for its community.
So that are ones of the top forex trading Facebook and Internet groups, we well come with more few good examples in the future.
Ever since the dawn of online forex trading, messageboards and forums have formed the backbone of the online forex trading community. Although many traders are using social media to interact with each other now, the specificity and ready-made community aspect of forums means that they are still the go-to place for forex traders to glean information and wisdom from one another. Here, we have collected the ten most popular forex forums online so that you can have a look for yourself – starting with the ubiquitous Forex Factory.
For a long time now, Forex Factory has been the leading online Forex forum for forex traders, with a huge user base and an established reputation. It consists of nine sub-forums on a range of topics including Interactive Trading, Trading Systems, Trading Discussion, Platform Tech, Broker Discussion, Trading Journals, Rookie Talk, Commodities and Stocks, and Commercial Content. As well as displaying these on the home page, there is also a highlights section showing all the most recent posts, one of the best trading calendars on the web, market updates, and news from a variety of online sources. tatistics.
Unlike most of the forums in this list, DailyFX is owned by a leading broker, FXCM, and the content is tailored towards their clients. However, there is plenty on here to interest customers of other brokerages, and it’s certainly one of the most active forums in the FX community. The forum itself takes a very segmented approach, with no fewer than 24 sub-forums grouped under categories such as Education and Analyst Research, Trade the Markets with our Analysts, Traders Lounge, Forex Education, Automated Trading, and FXCM Account Support and Trading Platforms. In addition to the very well populated English language forum, there are also sub-forums in eight other languages, including Japanese, Spanish, and Swedish.
As the name suggests, this is the official forum for users of the popular Metatrader trading platform, offering users the chance to dip into the combined expertise of the community that centres around this platform.
Despite ostensibly being a forum for MT5 users, there is just as much (if not more) content surrounding the more popular Metatrader 4, and quite a lot of general forex trading discussion for users of all platforms, particularly in the Trading Discussion area of the forum.
While the MT5 forum seems to have hoovered up quite a substantial chunk of the Metatrader user community, this forum, which is dedicated to MT4 and its programming language MQL4. Although there is some general trading discussion here, most of the discussions are specifically about programming MQL4 for automated trading and signal generation, so if you’re looking to learn more about this topic or find answers to any questions you might have about it, then this forum is probably the best resource on the web for this.
While this forum doesn’t really offer anything out of the ordinary, it is very well-populated and you can always get quick responses to your questions. It contains 20 different forums related to different aspects of forex trading, including Technical and Fundamental Analysis, Trading Systems and Strategies, Forex Brokers, and Forex Education, a section dedicated to Metatrader, and sub-forums in non-English languages such as Russian, Chinese, and Spanish.
Unlike most of the other Forex forums on this list, EliteTrader doesn’t split up its forum into sub-sections, with everything taking place on the one messageboard. This makes it a little trickier to find the topics that you are looking for, but only a little, and it has the knock-on effect of making the forum more inclusive. This means that, whenever you post something new, it will be seen by the whole community, and you will be more likely to get a quick response.
Although this forum purports to cater for traders in all markets, most of the traffic comes from forex traders, and these sections are by far the most popular in terms of viewer and post numbers. The sub-forums – of which there are many – are divided into categories such as T2W Community, Trading Career, Trading Tools, Trading Control, Trading Methods, Trading Brokers, Trading Choices, and New Traders, but it is the Forex discussion (in the Trading Choices sub-section) that will be of most interest to FX traders, and this is coincidentally the most popular section of the forum.
Forex Abode Forums
Alexa rank: 85,269
With the slogan ‘Vision for the Heights, Looking at the Depths’, it isn’t surprising to see that this Forex forum has quite a heavy emphasis on analysis, with a large, well-populated sub-forum dedicated to this subject. With a breezy, non-standard front end incorporating more graphics than your typical forum, and a certain light-heartedness pervading the whole site, it makes a refreshing change from the dry, text-heavy appearance sported by many trading forums. It’s also a repository for quite a wide range of resources that can be useful when trading forex, including free trading algorithms, a forex sentiments meter, and a section on trading systems.
Nonetheless,rather than sticking the categories on the home page, this forum just puts all the latest and busiest discussions up there with a link to the sub-forum. This is actually quite helpful, as it reduces the risk of posting a question in the wrong section and not having it seen by the right people. It’s just as well, because one of the main strengths of this forum is that it covers lots of niche areas, with big sections on Metatrader 4 and Harmonic Trading, and these might not have had the chance to grow had they been hived away in obscure sub-forums.
Editors’ Note: As of 2018, the Forex TSD forum moved to become part of the MQL5 community
With the advent of YouTube, those who are seeking educational videos have more choice than ever. And forex traders, both beginners and experienced, have within their grasp a whole world of content to learn from, and it includes forex trading Youtube channels.
It has never been easier to learn a new skill or improve an existing one through the internet. While some prefer reading and others prefer to watch videos, combining both can be an effective method in improving your understanding of a topic, like forex trading.
In this article, we outline the best forex trading YouTube channels to follow, for both novice and seasoned investors.
Finance Illustrated
Finance Illustrated is an up-and-coming YouTube channel that provides free resources for traders and investors, including broker reviews and educational videos covering the basics of trading, such as the application of take profit and stop loss orders in forex trading.
The main points of each broker review are split into three categories; the good, the bad and the ugly, so that traders can get a feel for the broker before they trade there. The channel also provides explainers on different ways you can use eToro to trade stocks, cryptocurrencies and forex markets and is also associated with some simulation games and external tools that help beginner traders to trade Stocks, Forex and Bitcoin, like the popular app Trading Game.
With detailed reviews on brokers and educational material, be sure to follow Finance Illustrated if you are trading the markets.
Bloomberg Markets and Finance
Next up, media giant Bloomberg Markets and Finance. This channel provides the latest news, analysis and commentary on a wide spectrum of financial markets, including stocks, precious metals, forex trading, and cryptocurrency.
The channel also hosts live debates from time to time, such as the ‘Great Crypto Debate’. Five playlists on the channel cover; cryptocurrency and blockchain, and financial markets and analysis, as well as three feature shows. These are the David Rubenstein show, Real Yield, and Brilliant Ideas.
Bloomberg are known for getting industry experts and guests on their show for exclusive commentary, interviews and insights. With more than 38 million views on their YouTube channel and more than 330,000 subscribers, Bloomberg Markets and Finance are an essential YouTube channel to follow for investors.
Financial Times
The Financial Times is one of the oldest and most respected financial publications in the world. Therefore, you should not miss out on their YouTube channel if you are a trader or investor. With more than 300,000 subscribers and nearly 59 million views, it is one of the most popular channels for markets news and analysis.
The videos are categorized in a similar way to how the articles in their newspaper are, with stories falling under one of many categories such as opinion, world, companies, analysis, and so on. Individual playlists for each news category are available.
Like Bloomberg, to keep on top of developments in different markets and track fundamentals, the Financial Times YouTube channel is a crucial resource for any investor.
Chat with Traders
Hosted by Sydney resident Aaron Fifield, Chat with Traders is a bit like a talk show and provides commentary from real traders on various markets, such as forex, stocks, futures, options and cryptocurrency.
This forex trading Youtube channel has more than 80,000 subscribers and provides long-form conversations with talented traders, investors and market participants to give you their personal story and share their years of experience. There is also some focus on regulatory and legal issues within the financial world.
Chat with Traders is definitely worth following, as the variety of content and in-depth interviews provide a ton of educational resources, even for experienced traders. The great thing about this channel is that you hear from the professionals themselves; what they think, what they recommend and what they’ve learned.
Investopedia
Investopedia has a large following of about 127,000 subscribers and they are known for their dictionary-style website that explains every financial and economic concept you can think of.
Their educational articles are supplemented by their YouTube channel, which has educational videos that explain key concepts. The channel also presents Investopedia profiles on key market commentators, participants and analysts, as well as providing commentaries from important players and broker reviews.
If an Investopedia article doesn’t make much sense, then you are sure to find a video that explains it with a video on their YouTube channel. Also, with exclusive interviews and features, Investopedia is certainly a finance and markets channel to keep an eye on.
CNBC
CNBC is one of the leading media organisations in the US and has decent coverage of financial markets. The YouTube channel has almost 800,000 subscribers and over 281 million views, making it the most popular in investing channel on this list.
CNBC largely covers news and analysis on stock markets, companies, and other financial markets. Investors and traders should use this channel to keep updated on fundamental factors affecting financial markets, so this channel is similar – and complementary – to the Financial Times and Bloomberg Markets and Finance channels.
Financial Education
Finally, we come to Financial Education , that must be in the list of best forex trading Youtube channels, which provides education and information on trading. The show’s host, Jason, said he created the channel so that anyone in the world could learn about investing , personal finance and entrepreneurship. With more than 300,000 subscribers, it seems his efforts are appreciated and valued.
Financial Education provides opinion and commentary on the markets by the show’s host and general advice and tips on how to invest and manage personal finances. Jason uses his videos to tell us what stocks he’s watching, which ones he’s buying, as well as guides to trading the stock markets. With a wealth of information in this YouTube channel, everyone that’s interested in financial markets should check it out.
The EUR/USD stabilizes to an intraday high of 1.1249 before falling sharply back toward the 1.12 handle. The pair was stabilized around 1.1208, advancing 0.1 percent. The EUR/USD faces initial support at 1.1127. A break below that level would lead to 1.1057. On the upside, resistance is ascending from 1.1324.
In economic data, German inflation showed signs of recovery in February after prices fell for the first time since 2009, a sign Europe’s largest economy was gradually regaining its footing amid rebounding oil prices.
Germany’s consumer price index rose at an annualized rate of 0.1 percent in February after plunging 0.4 percent at the start of the year, preliminary estimates revealed on Friday. However, the country’s harmonized index of consumer spending – the gauge used by the European Central Bank – remained in negative territory, declining 0.1 percent annually. The harmonized index had fallen at an annual rate of 0.5 percent in January.
Friday’s figures offer little hope that the broader euro area, comprising of 19 states including Germany, could avoid falling into a vicious cycle of deflation. Eurozone consumer prices fell 0.6 percent annually in January, the European Commission confirmed earlier this week, edging further away from the ECB’s target of just below 2 percent.
Plunging oil prices have squashed inflationary pressures throughout the advanced industrialized world, including the United States, which posted an annual inflation rate of -0.1 percent in January. That was the first time since October 2009 inflation had declined.
On Friday the Commerce Department said the US economy slowed more than initially estimated in the fourth quarter, stemming from a wider trade deficit and smaller inventory buildup. Gross domestic product expanded 2.2 percent annually in the fourth quarter, down from the “advance” estimate of 2.6 percent. However, the data set pointed to sustained growth in consumer spending, offering hope that the fourth quarter slowdown was only temporary.
Separately, US consumer confidence slipped in February, but remained close to January’s 11-year high. The Thomson Reuters/University of Michigan consumer sentiment index eased to 95.4 in February from 98.1 the previous month.
Rounding out Friday’s data releases was a housing report from the National Association of Realtors. Pending home sales, a forward looking indicator of US home sales, increased 1.7 percent in January to the highest level since August 2013, then EUR/USD stabilizes. The NAR expects existing home sales to reach a total of 5.26 million this year, up 6.4 percent from 2014.
The euro posted modest gains against the US dollar on Wednesday, although upside was limited after international investment bank Goldman Sachs lowered the common currency’s near-term forecast.
The EUR/USD advanced 0.15 percent to 1.1360, stopping well short of the 1.14 level. The pair faces near-term support at 1.1301 and resistance at 1.1372. The EUR/USD has plunged more than 17 percent year-on-year. The pair was trading closer to 1.40 last spring.
The euro was also trading near seven-year lows against the British pound. The EUR/GBP fell 0.11 percent to 0.7331, rebounding from an intraday low to 0.7314.
The common currency has been mired in economic and political turmoil stemming from plunging inflation, violence in Ukraine and a deepening Greek crisis.
As Athens struggles to make whole on its campaign promise that Greeks could have the euro without the “cruel” austerity tied to bailout reforms, the newly elected Syriza party could face a political backlash. While the European Commission accepted the validity of Greece’s recently proposed reforms, the European Central Bank and International Monetary Fund publicly disclosed their displeasure with the lack of details in the plans.
“The commitments outlined by the authorities differ from existing program commitments in a number of areas,” ECB President Mario Draghi said in a letter to Eurogroup head Jeroen Dijsselbloem.
Greece slipped back into contraction in the fourth quarter, as the country’s deteriorating climate has added another layer of complication to ongoing bailout talks.
The ongoing Greek bailout crisis likely factored into Goldman Sachs’ latest forecast for the euro. Goldman now sees the common currency at 1.12-1.13 US over the next three months, down from a previous forecast of 1.14. The euro is expected to fall to 1.10 in the next six months, down from a previous forecast of 1.11. The euro will then plunge to 1.08 in a year’s time.
A plunging euro boosted Germany in the fourth quarter, as the bedrock of the Eurozone economy expanded more than twice the rate of forecast. Germany’s GDP expanded 0.7 percent in the final three months of 2014, up from 0.1 percent the previous month. Year-on-year, this translated into an annualized gain of 1.6 percent. Euro area growth averaged 0.3 percent in the fourth quarter, official data revealed earlier this month.
Eurozone consumer prices declined at an annual rate of 0.6 percent in January. Deflation was steepest in Greece, while almost all Eurozone countries experienced negative rates. The European Commission next week is expected to report an even steeper fall for February.
The Federal Reserve could begin normalizing interest rates this year, but won’t rush to do so amid tepid wage growth and tame inflation, central bank Chairwoman Janet Yellen said on Tuesday.
Testifying before Congress, Yellen sought to lay the groundwork for how the Federal Reserve would begin raising interest rates after more than six years. She continued to stress patience in normalizing monetary policy, echoing the Federal Open Market Committee’s January rate statement.
The Federal Reserve “will at some point begin considering an increase in the target range for the federal funds rate on a meeting-by-meeting basis,” Yellen told Congress on Tuesday. However, Yelllen was careful to manage expectations, stressing that the Fed’s eventual change in language would not necessarily translate into a shift in policy.
“It is important to emphasize that a modification of the forward guidance should not be read as indicating that the [Federal Reserve] will necessarily increase the target rate in a couple of meetings,” she added. “The modification should be understood as reflecting the [Federal Reserve’s] judgment that conditions have improved to the point where it will soon be the case that a change in the target range could be warranted at any meeting,”
The data-driven Fed has relied on the economic indicators to adjust monetary policy, having closed the books on a record bond-buying program only last October. Yellen said on Tuesday that unemployment was still too high, despite acknowledging broad improvements “on many dimensions.” Unemployment edged up slightly to 5.7 percent in January as workforce participation increased. Employers added 257,000 jobs in January and have added an average of 336,000 jobs per month over the last three months.
While several Fed officials have indicated they would like to have the option to raise interest rates in June, the minutes of the January FOMC meetings revealed growing concerns about tame inflation and a volatile global economy. For its part, the Fed has remained consistent in its messaging since December, when it first started using the word patience to describe interest rate adjustments.
The FOMC’s next meetings will be held in Washington on March 17-18. They will be accompanied by revised GDP, inflation and employment forecasts, as well as the closely followed “dot-plot” chart of interest rate expectations. The Fed’s December forecast showed policymakers anticipated interest rates to rise to 1.125 percent by the end of the year.
The EUR/GBP sunk to fresh seven-year lows on Tuesday, as the beleaguered euro continued to struggle amid ongoing talks between Greece and its EU paymasters about Athens’ proposed four-month loan extension.
The EUR/GBP hit 0.7316 in Tuesday’s European session, a new seven-year low. The pair rebounded slightly in Wednesday’s Asian session and was trading at 0.7333. The pair’s next lifeline is at 0.7319. A break below that level would expose the 0.7300 handle. On the upside, initial resistance is likely found at 0.7354.
On Wednesday Bank of England Governor Mark Carney will testify before parliament’s Treasury Committee. Britain’s top central banker is expected to highlight the country’s steady economic growth over the past year, despite plunging inflation. Carney has stated before that inflation could fall below zero by the spring and that the BOE could cut interest rates further to prevent long-term deflation. According to the Bank’s latest inflation report, the consumer price index will average around zero in the middle of the year before rebounding toward the end of 2015.
Last year investors appeared certain that the BOE would be the first major central bank to begin lifting interest rates. Given Britain’s currency macroeconomic realities, analysts expect the BOE to hold off on raising interest rates until at least the beginning of 2016.
Meanwhile, European Central Bank President Mario Draghi will visit the European Parliament in Brussels on Wednesday, where he will participate in a Plenary Debate on the ECB’s 2013 Annual Report.
Eurozone inflation is forecast to fall at a near-record pace in February, stoking concerns about the long-term health of the currency region and whether quantitative easing would be enough to kick start the recovery. While Germany posted stronger than forecast GDP growth in the fourth quarter of last year, the bulk of the gains were attributed to a weakening euro and plunging energy prices.
The European Commission will release preliminary euro area CPI figures next Monday. The ECB’s Governing Council will coalesce next Wednesday and Thursday to discuss monetary policy and unveil new economic projections.
In January the ECB announced it would pump up to €1 trillion into the currency region over the next year-and-a-half to stave off deflation. The €60 trillion-a-month bond buying program was much larger than analysts had expected. The announcement brought the ECB closer into line with Bank of England and United States Federal Reserve, which unleashed their own bond buying programs following the 2008 financial crisis.
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