Forex price movement – fundamental V technical analysis, which should you use?

The purpose of currency trading is to take advantage of Forex price movements and here we will look at the two forms of analysis fundamental and technical and see which is the best. So which method is best for you? Let's find out.

First, let's look at fundamental analysis, which is the study of supply and demand facts to find out where prices can go in the future. By studying economic and political events, the FX trader buys or sells this news.

The problem with fundamental analysis is – although we all have the same facts to look at, we all draw different conclusions from it. Traders do not respond to news and see it logically, they also respond to the emotions of greed and fear and this means that you cannot exchange the news for profit.

If you look at foreign exchange markets, this is not news that traders are responding to and why and why, you see markets crashing when the news is at its best and gathering when it comes down to it & # 39; s worst.

The problem with studying fundamentals is that this form of study does not take into account the fact that traders are emotional beings and this is where the technical analyst has a huge advantage.

If you use technical analysis, you simply assume that the fundamental supply and demand situation will be reflected in price action, but of course you will not only see the news, you will see how each trader has dealt with it and the price you see already the news and the Psychology trader at the same time.

If you want to win at Forex trading, using Forex charts is not only a better way to trade than trying to trade the news, it also takes much less time. FX technical analysis allows you to search for triple digit gains by simply following price promotions and is the best way to trade forex.

Easy ways to change Bitcoin trading volatility to your advantage

It would be true to say that Bitcoin has enjoyed a real explosion as far as popularity goes when it comes to cryptocurrency. This very popular cryptocurrency has been hit by investors, traders and consumers and everyone is working on a kill trade in Bitcoin. It has so much to offer in terms of lower costs, transaction speed and increasing value, which could be the reason why most people choose to trade. However, this is a turbulent market and to make it big, you must be a very smart trader when selling and buying. With dedication and discipline you can change Bitcoin volatility to your advantage. Here are simple but effective ways to do that.

Stay up to date with the latest Bitcoin news

News items may not all have an impact on this currency, but the truth is that some items can greatly influence the price. By accessing Bitcoin-related news and live news feed for typical news, you could catch something on time so that you can make decisions that will bring you good luck with your trade. It helps to always be aware of Bitcoin news and other unexpected news that may impact performance.

Use stop losses to your advantage

Whether you are just starting to trade or have been busy for a while, you must be prepared for times when losses are inevitable. No one acts in the expectation of making a loss, but the opportunities are always there, hence the need to implement a reliable stop loss plan. The valuations fluctuate regularly and you must be prepared for bad days. The market offers tools that you can automatically set to stop losses before they have a serious impact on your profit. Whether you are dealing with Bitcoin futures markets, CFD or cash, make sure you use stop loss to protect open positions.

Understand technical analysis inside out

This is very important before you join the trade. Given that there is no governing body or bank to influence the valuation of Bitcoin, you must be your own judge in several ways. If you don't understand the basic principles of the market and don't even know how to analyze price charts or read price promotions and apply indicators, you are doomed to make the wrong moves. Remember that the price models are speculative, so it is important for you to know all the technical details that really matter.

Be careful with your influence

Leverage has the ability to increase your profit or increase your losses. If you are too much leveraged, you will tend to be a little reckless in managing your money and this will blow the trading account at the end. On the other hand, being too careful with your leverage may hamper performance, as premium transactions may not perform as expected. When it comes to Bitcoin trading, you need to do a balancing act to get a good return.

Everything you need to know about using Litecoins

Litecoins are a form of cryptocurrency that has grown in popularity in response to demand for alternative currency options from consumers around the world. This currency works just like standard world currency & # 39; s. Traders and investors have realized the great potential of this currency and it is being traded heavily by both novice and experienced investors. The best way to get the best out of Litecoin transactions is to use the services of a Litecoin broker. There are numerous Litecoin brokers available who have an excellent reputation for offering their customers excellent service. These brokers will be able to help traders make good decisions about their investments.

When you hire a good Litecoin broker, they will have many tools and resources to ensure that your transactions run smoothly. Perhaps the most commonly used tool by these brokers is the Litecoin news widget. This widget can be fully adapted to your specific needs. It will provide continuous updates on cryptocurrency news and other relevant information, keeping you up to date with the latest news developments as they are released on the wires. The following will provide insight into what exactly this cryptocurrency is and how it can be used and obtained in addition to trading for it.

What are Litecoins?

Litecoins are a form of virtual currency that can be obtained and used to buy and sell various services and products such as jewelry, clothing, food and electronics. Since this currency is only used online, its value is determined by the demand on currency trading websites. This cryptocurrency can be traded or mined. When mining to the currency, the process can be a daunting task. Computers have solved mathematical equations, and these are rewarded as a result. Almost any good computer can earn mine, but statistically the chances of success are low and it can take days to earn a few coins.

The difference between Litecoins and Bitcoins

The main difference is that Litecoins can be purchased much faster than Bitcoins, and their limit is set at 84 million, while the Bitcoin limit is only 21 million in comparison. Bitcoins are accepted at more online stores, but Litecoins is becoming more popular every day. The currency is decentralized, so this is a big advantage for traders. The costs are predicted to be lower than the costs of Bitcoin, because the cryptocurrency becomes known on a larger scale.

Is there a connection between the Dow Jones and cryptocurrency?

After a pretty nice bull run, The Dow Jones has finished the Industrial Average for a few weeks. Cryptocurrency also experiences a correction. Is there a connection between the two investment worlds?

We must be careful with vague terms such as "bull and bear markets" when crossing over to any investment space. The main reason for this is that cryptocurrency saw a gain of more than 10x in the course of its amazing "bull run" 2017. If you put $ 1,000 in Bitcoin in early 2017, you would have earned over $ 10,000 by the end of the year. Traditional equity investing has never experienced anything like this. In 2017, the Dow increased by around 23%.

I am very careful when viewing data and graphs because I realize that you can let the numbers say what you want them to say. Just as crypto saw huge profits in 2017, 2018 has seen an equally rapid correction. The point I am trying to make is that we must try to be objective in our comparisons.

Many who are new to the cryptocurrency camp have been shocked by the recent crash. They only heard how all these early adopters became rich and bought Lambos. For more experienced traders, this market correction was fairly clear due to the towering prices in the last two months. Many digital currencies have recently made many people a millionaire. It was clear that sooner or later they wanted to get a share of that profit off the table.

Another factor that I think we should really consider is the recent addition of Bitcoin futures trading. I personally believe that great forces are at work here under the guidance of the old guard who want crypto to fail. I also see futures trading and the excitement of crypto-ETF & # 39; s as positive steps to make crypto mainstream and consider it a "real" investment.

Having said all this, I started thinking, "What if there is a connection here somewhere?"

What if bad news on Wall Street affected crypto exchanges such as Coinbase and Binance? Can it cause them both to fall on the same day? Or what if the opposite was true and it caused the crypto to increase while people were looking for another place to park their money?

In the spirit of not trying to skew the figures and staying as objective as possible, I wanted to wait until we saw a relatively neutral playing field. This week is about as good as any other because it represents a period in which both markets saw corrections.

For those unfamiliar with cryptocurrency trading, unlike the stock market, the stock markets never close. I have traded shares for over 20 years and I know all too well that feeling that you are thinking on a lazy Sunday afternoon,

"I really wish I could trade a position or two now, because I know when the markets open, the price will change considerably."

That Walmart-like availability can also lead to emotional reactions of the knee that can snow in both directions. With the traditional stock market, people have the chance to press the pause button and make their decisions overnight.

To get the equivalent of a one-week cycle, I took crypto-trading data for the last 7 days and for the DJIA the last 5 days.

Here is a comparison of the past week (3-3-18 to 3-10-18). The Dow (due to 20 of the 30 companies that it consists of losing money) fell 1330 points, representing a decrease of 5.21%.

For cryptocurrencies, finding apples with apples is a bit different, because a Dow does not technically exist. However, this is changing because many groups make their own version of it. The best comparison at the moment is the use of the top 30 cryptocurrencies in terms of total market capitalization.

According to coinmarketcap.com, 20 of the 30 best coins had fallen in the last 7 days. Sounds familiar? If you look at the entire cryptomarket, the size has fallen from $ 445 billion to 422 billion. Bitcoin, seen as the gold standard equivalent, saw a decrease of 6.7% over the same period of time. Typically like Bitcoin so go the altcoins.

Coincidence or causal relationship? How have we seen almost comparable results? Were there similar reasons in the game?

Although the price decrease seems comparable, I find it interesting that the reasons for this vary enormously. I told you before that numbers cheat, so we really have to pull back the layers.

Here is the most important news that affects the Dow:

According to USA Today: "Strong wage data raised fear of upcoming wage inflation, which raised concerns that the Federal Reserve may have to raise rates more frequently this year than the three times it had originally reported."

Since crypto is decentralized, it cannot be manipulated by interest rates. That could mean that in the long run higher prices could lead investors to put their money elsewhere looking for higher returns. That is where crypto could very well come into play.

If it was not interest, what was the cause of the cryptocorrect?

It is mainly due to conflicting news from different countries about what their position will be for the market. People all over the world are uncertain about whether countries even allow them as a legal investment.

Last week there was favorable news from the testimonials from the congress of Jay Clayton (chairman SEC) and Christopher Giancarlo (chairman CFTC). The feeling was that although they wanted to eliminate bad players and ensure that AML laws were complied with, they also wanted to allow innovation.

It seems certain that the coherence in comparable results between the two worlds is uncertain.

We all know that markets do not like uncertainty. But the uncertainty is fleeting. What causes concern on a day can sometimes be solved at night. There are also times when the news is so amazing that it paralyzes the market for a few months and even years.

The key is to search all this information and decipher what is real and what is not & # 39; t.

Because I spend a lot of time on both stocks and cryptocurrencies, I believe that keeping an eye on both can be quite worthwhile. The possibility of winning exists almost every day. This is especially the case in crypto because I have often bought a coin that just fell 30% in the last day and then fell another 30%, but that everything and more recovered within a week.

I would recommend staying as varied as necessary (this varies depending on the situation). There are days when one is up and the other down. For a moral boost, it is nice to log in to the account that had the better day. If you have accounts in both worlds, you might agree with that.

One thing is certain, crypto is there to stay and will certainly make investing more interesting.

How does cryptocurrency gain value?

Cryptocurrencies are the newest & # 39; big thing & # 39; in the digital world and are now recognized as part of the monetary system. Enthusiasts have even labeled it as & # 39; the revolution of money & # 39;
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In clear terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, the majority of which is created through special calculation techniques that & # 39; mining & # 39; are called.

The acceptance of currencies, such as the US dollar, pound sterling and euro, as legal tender is because they are issued by a central bank; however, digital currencies, such as cryptocurrencies, do not depend on public confidence in the issuer. As such, various factors determine its value.

Factors that determine the value of cryptocurrencies

Principles of a free market economy (mainly supply and demand)

Supply and demand is an important determining factor for the value of everything of value, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency and others are willing to sell, the price of that particular cryptocurrency will rise, and vice versa.
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Mass adoption

Mass acceptance of every cryptocurrency can shoot its prize to the moon. This is due to the fact that many cryptocurrencies have limited their supply to a certain limit and, according to economic principles, an increase in demand without a corresponding increase in supply will lead to a price increase for that specific commodity.

Multiple cryptocurrencies have invested more resources to ensure their massive acceptance, with some focusing on the applicability of their cryptocurrency to urgent personal life issues, as well as crucial daily cases, with the intention of making them indispensable in everyday life.

Fiat inflation

If a fiat currency, such as the USD or GBP, is inflated, its price rises and its purchasing power decreases. This then causes cryptocurrencies (let’s use Bitcoin as an example) to increase compared to that fiat. The result is that you can get more of that fiat with every bitcoin. In fact, this situation has been one of the main reasons for Bitcoin’s price increase.

Scams and history of cyber attacks

Scams and hacks are also key factors that influence the value of cryptocurrencies, because they are known to cause wild fluctuations in valuations. In some cases, the team that supports a cryptocurrency may be the scammers; they pump the price of the cryptocurrency to attract unsuspecting individuals and when their hard-earned money is invested, the price is shortened by the scammers, who then disappear without a trace.

It is therefore necessary to be careful with the cryptocurrency scam before you invest your money.

Some other factors to consider that affect the value of cryptocurrencies include:

  • The way in which the cryptocurrency is stored, as well as the utility, security, ease of use and cross-border acceptance
  • Strength of the community that supports the cryptocurrency (this includes financing, innovation and the loyalty of its members)
  • Low associated risks of the cryptocurrency as perceived by investors and users
  • News sentiment
  • Market liquidity and volatility of the cryptocurrency
  • Country regulation (this includes the ban on cryptocurrency and ICO & # 39; s in China and its acceptance as legal tender in Japan)

Important Forex News from 2018

We all know that news is an important part of our lives. No morning is complete for us without a glimpse of the newspaper while enjoying a hot cup of tea. However, along with all the news about what is happening, it is good if someone is aware of what is happening in the country in the context of business, currency exchange, etc. and how the country’s finances are managed .
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There are many websites, magazines and even mobile phone applications where you can read Forex news and know how foreign currency brokers are developing and making efforts to effectively maintain the country’s financial market.
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Let us know some of the latest exchange rate news that gives us a deeper understanding of different countries & # 39; financial market, exchange rate policy and the overall financial situation of the country.
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The Central Bank of China spent its second largest amount on Forex in the year 2018

Iris Pang, an ING economist, has confirmed that in 2018 the Central Bank of China had spent no less than $ 91.58 billion in Forex purchases. This is the second largest amount ever spent on purchases in foreign currency in 2018, while the largest amount ever spent on purchases in foreign currency in September of the same year was 2018 and amounted to $ 119.39 billion.
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This is a testimony to the fact that foreign exchange purchases have become an integral part of the finances of different countries and a considerably high proportion of different countries & # 39; budgets go to foreign currency purchases. Forex brokers are very important in managing the foreign market because they help a lot in exchanging foreign currencies.
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The EUR is expected to trade sideways from now on

Several UOB analysts have suggested that the EUR is expected to trade sideways from now on. The current upward pressure has eased and it is for this reason that the EUR is likely to trade sideways, at least for the time being, probably within the wide range of 1,128 to 1,144. The expectation is that it may take several weeks for the EUR to finally break through these levels. Various indicators are now almost flat and the recent movement indicates the consolidation phase.
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USD drops, GBP on cloud nine

The pound of Great Britain is the clear winner in the session that has recently taken place. It remained more than a week at its highest, and remained at 1.29. The EUR is still at 1.14, which has been given a slight upgrade due to the Brexit headlines.
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While GBP is rising high as previously seen, the US dollar in most parts is not performing as expected. It lags behind its counterparts, except for NZD and AUD.
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Such news offers us many details about the finances and currencies of different countries, doesn’t it?
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Cryptocurrency – Stay informed

Cryptocurrencies seem to be the most popular investment products out there. Listen to a friend’s conversation, it’s about bitcoins. All workplace chat is also about virtual currency. Nowadays, the buzzword about online chat rooms is also about cryptocurrency. A silent economic revolution is taking place, thanks to the rising popularity of this virtual currency.

It goes without saying that if you want to grow up in the world of bitcoins, you must have a nose for the news. Now that you’ve limited your list to a few crypto & # 39; s, you need to analyze and decide which potential can trade higher and faster than the rest. This is why you must continue to follow the news. You look for information about blockchain trends from different sources. Today, various business channels spend exclusive time on these trends.

Another potential source of information may be others who like virtual currency trading. Meet some of them who are very good at trading and who choose their brains for valuable information. The internet is a great way to get in touch with such experts. You can find them through online forums. Keep in regular contact with them. In the same way you can also subscribe to websites that specialize in cryptocurrency trading. This way you can ensure that you do not miss any important news.

Good sources of information about cryptocurrencies can be obtained from various organizations. They offer a lot of information about the blockchain ecosystem. The website of this organization offers extremely detailed information about digital currencies.

Keep your coins safe

Security is another thing that is crucial when dealing with cryptocurrency. Since you must create and use different passwords for different accounts, it is recommended that you use a password manager. Make sure you use a strong antivirus on your computer. A good firewall is also required to guarantee the perfect protection of your data and online transactions.

Another important thing that you must follow is to never disclose how much you have traded online in cryptocurrencies. This applies both offline and online. You should also never make the mistake of clicking on someone’s links in crypto groups. You could easily download a virus to your computer. Most pages in these groups are known to contain viruses.
Bitcoin and cryptocurrency markets are in turmoil tonight after the disappointing launch of the long-awaited cryptocurrency platform Bakkt.

Bitcoin mimes shed 15% of its value this week, with some of its biggest rivals including Ethereum, Ripple’s XRP, litecoin and bitcoin money, registering losses of up to 22% as investors blocked low trading volume of Bitcoin Bakkt.
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Now, new studies have begun for a “systematic shocking trend” in bitcoin price movements, with bitcoin falling further than future CME Bitcoin average futures contracts that settle each month.