ATFX Press Releases 2021

Kelly Yeung

ATFX.com Representative
Messages
800
ATFX has just announced the launch of its advanced research and analysis platform – AT Premier. The platform was initially released in the Middle East region. AT Premier was designed as a comprehensive, multi-dimensional, intelligence-delivery platform to provide market analysis, education, signals, news and copy trading.

Powered by dedicated internal intelligence tools, AT Premier, serves as an one-stop solutions hub for beginners, professional traders, market analysts, money managers and introducing brokers.

Ramy Abouzaid, Head of Market Research at ATFX’s middle-east office commented:
“ Our clear aim was to create a simple, easy-to-use yet complete platform where users could digest and act upon sensible intelligence sourced and distilled from a multitude of respected sources.”

Some of the services which power the platform are:
  • Real Time Market Analysis – with quick delivery of data and insights being vital for informed trading, ATFX technical analysis feed has been developed as a real-time data center.
  • Institutional Signals & AT Sentiment Indicators – A service for advanced traders who want to capture an edge on the markets’ major analytical views and sentimental targets. AT Premier gives trades access to institutional quality data and analysis, presented in a compelling visual manner. The platform provides a derived-data service (DDS) with forecasts constantly updated from over 20 institutions.
  • Single Stock Financial Analysis – there is growing interest in trading strong-performing single stocks. Infographics & data analysis produced daily on key companies and portfolios allow traders to make sense of performance nuances in a clear and simple manner.
  • Markets Live – ATFX’s live streaming platform, currently set at 40 minutes per day and connects their clients instantly with experts. The service covers the most current and influential topics and insights into market moves and impact.
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Joe Li, Group Chairman at ATFX added:
“ At ATFX, we constantly endeavor to put our clients at the heart of absolutely everything we do. AT Premier is meant to make a trader’s typically stressful journey a fulfilling and productive one. We have always held the belief that state-of-the-art and even user-friendly technology is only as good as its transparency and effectiveness. Hence, at the very core, AT Premier is a transparent and effective tool to aid and abet the experience and productivity of every entity or individual that takes online trading seriously.”

Other services that enhance AT Premiere include:
  • One-On-One Coaching – ATFX allows premium users access to senior analysts through an efficient appointment management system via video-chat platforms and webinar offerings.
  • Self-education Hub – ATFX’s library of digital educational videos is varied, topical and constantly updated to maintain relevance in this age of constant flux.
  • 24×5 Dedicated Technical Analysis – A skilled support team has been trained to be at hand to respond in real-time to any technical analysis-led queries that users typically have.
  • Copy Trading – AT Premier’s Copy Trading platform aims to serve professional money managers and traders to share their performance with their own private network as well as other AT Premier portal users so that they can generate extra income for themselves.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
A crucial part of becoming a successful trader is building a trading strategy aligned with your strengths and has an edge in the markets. The profits (or losses) you make are directly linked to how you execute your strategy and whether you follow it consistently. If you wonder how you can build a Forex trading strategy, stay with us as we explain the critical pillars of a profitable strategy in depth.

To build a profitable trading strategy, you should first identify your trading style and the time you can dedicate to trading. Building a day trading strategy, yet you have a full-time job, might not be the best idea. However, a day trading strategy may be appropriate for people who can allocate multiple hours to trading the markets each day. For traders with limited time for trading, building a swing trading strategy might be a better idea than day trading.

The next question is you have to assess your risk appetite and the size of losses you can tolerate. As a beginner trader, it is always best to start trading with a small size and then increase your trade size after becoming consistently profitable. Most new traders cannot handle the massive losses that usually accompany large trades. If you trade with a larger size (risk) than you can handle, you will end up being shaken out of good positions before your stop-loss is hit, only to see the trade go in your favour later.

Finally, spend time learning the markets and monitoring your trades. The most successful traders are in the markets 90% of the time; you do not have to be trading all the time. You could be monitoring a trade, waiting for a trade setup to be complete, or even researching a new strategy. Most new traders tend to stop looking at their trades once they put them on, which is a big mistake.

Always record your trades, both winning and losing trades, to track your performance over time. Remember that you cannot improve what you do not know. By keeping a record of all your trades and the reasons you took them, you can identify repeating patterns and work on getting better.

The above tips are a summary of what you need to do to become a successful trader. However, you need much more to be a consistently winning trader. We will outline the various actions that you must regularly implement to become a successful trader below:

10 Tips to Becoming a Successful Trader

1. Set Clear Goals and Choose a Trading Style

Before trading the markets, you must set clear goals for your trading and choose a trading style. If you choose to become a day trader, you have to be ready to execute a large number of trades daily. Not all your trades will be winners, and you must accept this and keep trading until you get to the winners. Being a swing trader means that you will execute much fewer trades with higher chances of success, but you must be okay having no trades on certain days. Regardless, you must always keep your eye on the markets monitoring developing trade setups.

Have a plan for your trading before starting your day and choose the setups you want to trade. While having a profit goal is okay, the most crucial part of trading is identifying the proper setups and trading them, which will lead to the profits you want. Having a plan for the setups you intend to trade will ensure that you do not jump into trades that do not fit your trading strategy, which could lead to unnecessary losses.

A trading plan will help you assess different trading opportunities and only choose the best setups to trade while avoiding low-quality setups. The suitable trading setups will have low risk and high-profit potential.

2. Choose the Right Broker

Choosing the right broker is an essential part of your overall trading strategy since you need a broker to access the Forex markets. The best brokers usually have low fees in low spreads and commissions combined with fast execution speeds. Such brokers also offer a wide variety of tradable instruments to their clients, giving them a wide selection of choices.

You should choose a broker regulated by top-tier regulators such as the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). You should also choose a broker who offers excellent customer service and has good reviews from past clients. The best way to choose a broker is to open a demo account and test their services. This way, you get a good understanding of their services without risking your hard-earned money.

3. Have a Consistent Trading Routine

You should have a consistent plan of action before entering the markets each day. The only way to have a consistent trading routine is to have a framework that you can use to make decisions in the markets. A trading framework is a plan of action that helps you decide whether to buy or sell an instrument based on certain factors. You could decide to sell an asset because it just broke below a support level, or you could buy an asset because it just broke above a crucial resistance level. Your plan needs to be as detailed as possible to cover the many scenarios that characterise the markets. A detailed strategy will help you avoid making mistakes by covering all potential scenarios in the market.

4. Identify Your Trade Entries and Exits Beforehand

Many beginner traders tend to have an entirely random approach to trading the markets where they keep shifting their trade entries and exits based on emotion. It is not uncommon for traders to move their stop loss higher or lower as a trade goes against them to give it more room. The opposite is true of winning trades; most losing traders tend to cut their winners short before hitting their profit targets. Such actions result in bid losses and small wins, which is why most retail traders end up losing long-term.

Therefore, once you have identified your entry and exit points, stick to them no matter what the markets do. If the trade moves against you and hits your stop-loss order, you will still be a winner if you did not move your stop loss. Holding on to your winning trades until you hit your profit target will also help you win long-term. By sticking to your plan, you can later improve it as you will have gathered consistent data.

5. Know Your Limits and When To Stop

To be a successful trader, you must know your limits and when to stop. You must be clear about how much loss you can handle and trade in small sizes or avoid certain expensive assets. For example, traders with small accounts should trade in small lot sizes and should avoid expensive instruments. Such traders should trade very liquid assets such as the EURUSD currency pairs, which also have tiny spreads. They should avoid exotic currency pairs that have wide spreads and are expensive to trade.

As a beginner trader, you might be best served to step out of the markets for a while after encountering a losing streak.

6. Choose the Right Trading Approach

Most experts recommend that beginners trade with fixed profit and loss amounts until they are successful with this method. There is an excellent reason for taking the fixed targets approach as a new trader. This approach will build your confidence and discipline as a trader. By not changing your stop-loss and profit targets regardless of what your trade is doing, you will learn to appreciate how the markets work. You will find yourself having to watch as the market moves against you and reaches your stop-loss order taking you out of a trade. You will also watch as the market heads towards your profit target, stops and reverses, before heading back and hitting your profit target. Finally, you will end up learning to give your trades space to work out either in your favour or against you.

Once you are successful trading with fixed profit and loss targets, you can then move to a variable trading approach to use trailing stop-loss orders to lock in your profits as a trade moves in your favour. You will also learn how to cut your losing trades before your stop-loss order is hit once it is clear that market conditions have changed. Do not skip over the fixed part of trading, as that is where you build a firm foundation for your long-term trading success.

7. Master Your Trading Psychology

You cannot become a consistently profitable trader if you have not mastered your trading psychology. The hard part about trading is your mindset and how you react to what the market does. As human beings, we are wired to avoid pain and seek pleasure, which is why we hold onto our losing trades for much longer than we should and cut our winners short. We hold on to bad trades for too long because we do not want to feel the pain of closing such trades and booking a loss. On the other hand, we cut our winners short to enjoy the pleasure of a win while avoiding the pain of watching the trade reverse and erode our wins.

You must conquer these feelings if you want to be a successful trader and beat the statistics of being one of the many losing traders.

8. Keep Track of All Your Trades
Many of us are familiar with the phrase “You can’t change what you don’t know.” To become a great trader, you must know your weaknesses and strengths, and you can only do this by tracking your trades. You should keep a journal of all your trades and the reasons why you took them. By tracking your trades and outcomes and the reasoning behind your actions, you can identify flawed thought processes that lead to bad trades. You can identify the trade setups that work best for you and maximise on these in future. You can also spot the patterns behind trades that did not work out for you and work on eliminating them. The best traders are good at recording their trades and analysing them to improve over time. The only way to become a successful trader is by constantly improving your mindset and trading processes, which you can only do by tracking all your trades.

9. Prepare for Your Trading Week Over the Weekend

The best traders prepare for the trading week over the weekend, looking for trading opportunities when the markets are closed. The weekend provides an excellent opportunity to review the trades you took the previous week and plan for the coming week. You should look at the long-term charts during the weekend to identify trading opportunities aligned with the long-term trends. Trading opportunities based on weekly, daily and 4 hour charts are more reliable since they are long-term trends.

You should also prepare for your trading day before you start trading. Start by checking the daily and 4-hour charts to see if the trend is still the same and then move to the lower timeframe charts to identify the best trading opportunities for the day. You should do this every day to ensure that the opportunities you identified over the weekend are still valid.

10. Keep Learning About Trading and the Markets

The top traders are constantly working at their trade to get better each day, regardless of their experience. You should do the same to ensure that you become a better trader each day. Remember that the financial markets are constantly changing, and strategies that worked in the past may stop working with time. Therefore, you risk being left behind if you are not constantly analysing the changing trends in the markets. For example, You might have to adopt entirely different strategies in a market crash compared to normal trading conditions. Traders who did not adapt their trading styles to the market crash in March 2020 booked significant losses as they kept fighting the trend. Many expected the crash to result in a recession that would last for months, only for it to last for less than a month. Traders who adapted and turned bullish as the markets rallied booked significant profits on the way back up.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
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ATFX Launches Brand New Social Trading App in the LATAM region – ATFX TeamUp
The fully customisable social trading app lets clients chat, learn, and copy.

LATAM, 24 March 2021 - ATFX have just launched their brand new social trading application called ATFX TeamUp in the LATAM market. The app is designed to benefit all the broker’s clients regardless of their trading abilities.

While the new app has a vast amount of benefits, the underlying key to its success is that it promotes a success cycle for all traders.

Beginners can automatically copy professional traders’ trades with a proven track record of success via their ATFX accounts. The experienced traders get to earn extra income from the copy trading programme.

Learn from the Best
The app also acts as a real-time educational tool for new traders who can watch experienced traders take live trades, by watching how the experts’ trade, new traders can reverse engineer the reasons behind each trade and try to replicate the same in their accounts.

Such traders can build their experience and become more self-reliant, which turns into a virtuous cycle, as they eventually become experts and create their following.

Learn from the Experts
The ATFX TeamUp app’s auto-copy function allows traders to easily copy trades from expert traders whose trading style fits their risk appetite. Traders can choose to spread their risk proportionately among proven traders by allocating a portion of their funds to each expert trader.

The app allows traders to free up their time by copying proven traders instead of sitting and analysing the markets themselves. Of course, past performance is not a reliable indicator of future results. Still, there are plenty of opportunities to analyse a trader’s track record and fully customise one’s trading experience.

Experienced and proven traders have the opportunity to earn an extra income. The more they grow their following, and the more traders copy their trades directly, the more they will earn from each one. Traders with a proven track record are welcome to take advantage of this feature.

Ask the Community
Another essential feature in the ATFX TeamUp app is the community element. The TeamUp community is a safe place for traders to brainstorm different trading ideas and market scenarios. Experienced traders can bounce ideas off each other, while beginners can chat, learn and critique each other’s reasoning.
You can create discussion groups to get notified whenever someone sends you a message or when another trader takes a trade. Such groups provide a safe place to exchange trading ideas and advice.

Jeffrey Sui, ATFX Chief Operation Officer, added: “The launch of ‘ATFX TeamUp’ for our LATAM clients shows our commitment to bring the best trading technologies to all our clients.. We will also be providing customer support in Spanish so that our LATAM clients can easily connect with us and have a seamless trading experience. We will unveil more projects in due course as part of our vision to make the financial markets available to clients across the globe.”

ATFX has dedicated significant resources to develop proprietary technologies for their clients. The ATFX TeamUp launch comes after their new website launch in Q4 2020, which will help the broker better serve its clients. As competition in the retail Forex brokerage industry heats up, market leaders can distinguish themselves via such developments.

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END

Legal: AT Global Markets Intl Ltd, Company Number 157819 is licensed by the Financial Services Commission as an Investment Dealer (Full Service Dealer, excluding Underwriting, License Number C118023331) pursuant to Section 29 of the Securities Act 2005. The Registered Address: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.

HIGH-RISK INVESTMENT WARNING: CFDs and Margin FX are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone; losses can exceed deposits. You should only trade with money you can afford to lose. Please read the full Risk Disclosure Policy.
 

Kelly Yeung

ATFX.com Representative
Messages
800
You should use the MetaTrader 4 platform because of the many instruments you can trade via the platform. MT4 allows traders to trade Forex pairs, stocks and indices, CFDs, cryptocurrencies, among other instruments.

Most brokers offer the platform because of its popularity among Forex and CFDs traders who find it easy to use. MT4 also has numerous in-built indicators and allows traders to run automated strategies.

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Advantages of the MetaTrader 4 platform
The MetaTrader 4 platform stands out among many other trading platforms given its ease of use and the large number of instruments to trade via the platform. The fact that most brokers offer it as an option also plays a crucial role in its dominant position within the markets.

Many distinctive features make the MT4 platform the first of its kind:
  1. The MT4 platform has many features that are not available on any other platforms, such as its availability in multiple languages.
  2. The platform is simple and easy to use with a very short learning curve even for beginner traders and investors, making it very attractive to all traders.
  3. The MetaTrader 4 platform is popular with traders who use automated strategies given the ease of integrating such strategies into the platform.
  4. The platform has the ideal aesthetics for currency trading.
  5. The colours of the platform’s trading charts can be changed to a trader’s liking making it friendly to use.
  6. It is also easy for traders to monitor trends on the MetaTrader 4 platform, making it easy to trade different instruments.
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The MetaTrader platform has other advantages, such as the multiple languages the platform offers, allowing traders from every region to trade comfortably in their local languages. Traders also get access to over 50 in-built indicators highly customisable to suit a trader’s specific strategies. The trading tools provided on the charting platforms allow traders to perform their analysis and trade on the same platform. The platform also allows traders to process multiple orders using custom indicators and automated strategies.

The platform has an internal mail system that can guide you through the download and installation of the MetaTrader 4 platform. The process is straightforward, and most people can easily install the mobile and desktop versions of the platform. Traders have to keep their username and password handy, as well as their broker’s account details.

Most brokers offer their clients the option to download MetaTrader 4. It remains one of the ideal trading platforms, which explains its popularity among traders globally. The platform also has an education section with materials tailored for all types of traders, especially beginners who want to learn how to trade the markets. Traders can use these resources to improve their trading capabilities and become more successful in the markets. These are just some of the reasons why MT4 is the leading trading platform worldwide.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
The most frequent questions asked by new traders are: What is Forex Trading? And, How to trade Forex? The forex markets are the global currency markets accessed by traders via brokers. The difference between the Forex markets and the stock markets is that Forex pairs are not traded on a central exchange like stocks. Forex trading has expanded to include contracts for differences (CFDs) on other assets such as stocks, indices, and commodities, which should not be confused with actual stocks. While CFDs represent the underlying stocks, they have slight differences in that the CFDs can be traded when the actual stock market is closed.

The Forex market is one of the most liquid markets globally, with transactions exceeding 5 trillion dollars. Most of these transactions are made by large financial institutions such as central banks and top investment funds. Traders and investors account for a significant portion of the Forex trades executed each day, with most traders trading the EUR/USD currency pair.

Forex trading is the act of buying one currency while selling another by buying and selling currency pairs. For example, buying the EUR/USD currency pair means buying the euro while selling the US dollar. This principle applies to all currency pairs traded in the Forex markets. There are numerous currency pairs for traders to trade, including major and minor currency pairs and exotic pairs.

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Forex Trading Steps
To invest in the Forex markets and become consistently profitable, you must follow a few steps to increase your chances of success. These steps are detailed below:
  1. Learn the fundamental principles of foreign exchange trading.
  2. Know how to predict prices based on support and resistance levels.
  3. Learn how to use the MetaTrader platform.
  4. Learn technical analysis, including how to use indicators and charts.
  5. Identifying the appropriate entry and exit points for specific currency pairs.
  6. Learn how to manage your risk to limit losses and maximise wins.
If you follow the above steps correctly, you will gain extensive experience trading the Forex markets and becoming a successful trader. Learning the above skills will help you trade multiple instruments since they are universal skills.

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Advantages of forex trading or online trading
Trading the forex or foreign exchange market has many advantages that make it different from other investment markets. These factors are listed below and are why many investors prefer to trade these markets instead of traditional investments.
  1. Trading happens 24 hours, five days a week.
  2. You can start with minimal capital.
  3. The Forex markets have high liquidity.
  4. Traders can make profits from both rising and falling prices.
  5. You can trade from anywhere in the world at any time.
  6. Traders can practise trading on a demo account before moving to a real account.
  7. Forex trading allows for high leverage levels.
  8. Traders can trade a large selection of major and minor currency pairs.
Therefore, it is a very distinctive market for traders and investors from different countries worldwide as it has many advantages over other investment markets.

Online trading strategies
To achieve success in the forex market or the online trading markets, you must follow a consistent trading strategy aligned with your personality with an edge in the markets. There are numerous trading strategies used by investors globally, and the ones listed below are just a few of these strategies. They include:
  1. A price breakout strategy.
  2. The high to low trading strategy
  3. The Recovery Zone Strategy.
  4. Moving Average Indicator Strategies.
  5. Bollinger bands strategy.
Therefore, you must carefully examine and study the state of the markets from all angles. Most traders choose to focus on fundamental or technical analysis, with either strategy having its strengths and weaknesses. However, the best traders incorporate both strategies in their trading routine to maximise their trading results by increasing their profits and reducing their losses.

Forex account opening

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
Most traders start their trading journey using the popular MetaTrader 4 trading platform to learn how to trade. Opening an MT4 account gives you access to forex pairs and other tradable instruments. There are two main types of forex trading accounts: the demo account and the real/live account.

The demo/virtual account allows you to practice trading without having to risk actual money. The demo account is crucial for most traders as they can learn how to trade the markets, test their trading strategies and improve them without risking actual cash.

We advise most beginner traders to start with a demo account as they hone their trading skills and switch to a live account only after they are consistently profitable on the demo.

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Here are the three steps you must take when opening a Forex trading account to ensure you do it right:
  1. You must choose the right broker who offers the account type that meets all your trading goals. The best way to determine if an account is right for you is to open a demo account and practice trading on it to see if it is the right fit. Do not be afraid to open multiple demo accounts with different brokers.
  2. Once you are ready to open a live account, you must choose the correct type of account. The most common types of accounts are standard accounts that charge only a spread on each trade, which are the best for beginners.
  3. Lastly, make sure you open an account that matches your financial resources. Traders who want to trade with small amounts should open mini accounts that allow them to trade 0.01lots (micro lots). You can upgrade to a higher account once you have more funds.
You should read the terms of your contract with your broker to understand your obligations and theirs. However, not many people read the terms; hence, they rely on the broker reviews posted on multiple websites online. The reviews are a quick way to familiarise yourself with a broker’s products and services before deciding to open a forex account with them. Always read reviews from trusted websites that have an unbiased opinion of each broker.

Some of the common steps involved in opening a live trading account include providing your details such as full name, title, residential address, employment and financial status, among others. These details help the broker create your account and assess whether you are a good fit as a client.

Once you open a live forex trading account with a broker, you must submit official documents such as your identity card and passport to verify your actual identity. You also have to submit official documents such as a bank statement or utility bill that shows your residential address. The broker will use these documents to verify your live account, after which you can deposit funds into the account and start trading the markets.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
Gold is one of the most critical minerals on Earth since prehistoric times. Gold’s value is derived from the fact that its supply is limited, and it takes a lot of effort to mine the metal, giving it intrinsic value. Gold played a critical role in the evolution of societies from barter trade to modern commerce. The demand for gold increased when ancient civilisations such as Egypt made the metal their official currency. The Egyptians started excavating and mining the metal in 2000 BC, and other empires adopted gold as their currency. Gold remained valuable even as the modern age began a few hundred years ago.

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Factors that affect the supply and demand for gold
This year is expected to be very exciting for gold, given the expected global economic recovery and the higher volatility are likely to create higher demand for gold. Gold is one of the top choices for investors as a safe haven asset in volatile economic times due to several factors, the most important of which are:

Inflation: - most investors buy gold to hedge against rising inflation, which erodes the value of their savings over time. Gold prices are known to rise during inflationary periods, hence, increasing in value during such periods.

Supply and demand: - Most of the global demand for gold originates from the jewellery industry; almost 50% of the gold mined is used to make jewellery. About 40% of gold is used for investment purposes, with Central Banks and large financial institutions holding a significant amount of physical gold. Often, the increase in demand for gold outweighs the yellow metal’s supply triggering rising prices, and vice versa.

Market sensitivity: - The demand for gold usually rises in periods of global political instability, which pose a significant threat to most currencies. Political instability could cause a crash in the value of fiat currencies, causing a spike in gold prices as investors panic and buy gold. Also, periods of political stability tend to result in low demand for gold and lower prices.

Market fluctuations: - Most investors rely on gold as a safe haven asset to hedge against times when the stock markets fluctuate. Demand for gold typically rises when stocks are falling and subsides when stocks are rising.

Currency exchange rates: - The US dollar has a powerful influence on gold prices since they are both regarded as safe-haven assets. If the dollar price drops, global commodity prices, including gold, tend to rise and vice versa. Therefore, the relationship between the dollar and the gold price is an inverse relationship.

Trade gold through CFD trading
Traders can invest in gold through contracts for difference (CFDs) without having to buy and hold physical gold. Traders can also buy shares of mining companies or other financial instruments such as ETFs, gold futures, and options contracts.

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The value of a CFD is linked to the actual prices of the underlying instrument. Therefore, the price of a gold CFD moves in tandem with the changes in physical gold prices. The first step to trading CFDs is to open an account with a regulated broker and deposit a sum of money into the account. You can then trade gold CFDs based on the amount deposited.

Investing in CFDs does not require a trader to pay for storing physical gold or rolling over a futures contract every month. The ease with which you can trade gold CFDs doesn't mean that they are not a high-risk financial instrument. CFD trading is inherently risky, and you could lose more than your initial investment.*

Make sure you know how to trade before opening a live account and risking your money. You should choose a broker who offers a demo account where you can practice trading before risking your hard-earned money. A demo account will allow you to test and refine your trading strategy increasing your chances of success.

How to invest in gold through CFDs
Successful investment in gold through CFD trading requires adequate knowledge of the conditions of the gold market and the factors that affect gold price movements. Traders should also have a good understanding of how to trade contracts for difference (CFDs).

Traders can use leverage to make larger trades than their account balance, compounding their profits and increasing their potential losses. Therefore, you should use leverage cautiously as you risk losing more than your initial investment. Do not risk more than you can afford to lose if the trade goes against you.

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There are some crucial indicators and signs that you should look for if you want to trade gold. These include the uncertainties in the global stock market and other economic and financial pitfalls that could trigger an influx of investors buying safe-haven assets, especially gold.

Statistical data from graphs of price movements can also predict an increase or decrease in prices. Gold prices, like other commodities, usually move in cycles, so you should study the different cycles, including bullish, bearish and sideways ranging cycles (markets), to determine when to buy or sell gold CFDs.

Although CFD trading may seem an attractive and easy-to-understand field in many cases, it is not so simple. You should never forget that all types of trading involve an element of risk, and you should not risk more than you can afford to lose.

Gold has maintained its position as one of the most critical assets in wealth preservation and as a medium of exchange for thousands of years. If you have some trading experience and want to start trading gold online, remember that the broker and trading platform you choose will significantly impact your profits.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
rx0dP_ntfIe0KvhxhpPobx4mFN2Pt85l9BaX9Qt3HiAUJhDiWmHwofMCelAgRh8p093Ih0D1szdwvRkhjjob_MXHT7BCVemwu1CjNOPGkZ9tIzuo6H0-V89ieUIezYjTrw_dcOM


ATFX is proud to announce the 1st publication of an ebook called ‘Traders Magazine’, sharing the opinions of seven of its top market analysts and experts on where they think the global financial markets are headed in Q2 and beyond.

The experts begin with their forecast on major markets, then discuss the potential moves in popular assets such as the Nasdaq 100, the EUR/USD, GBP/USD, USD/CAD, USD/MXN, gold silver and bitcoin over the second quarter of 2021.

Bitcoin
ATFX’s Chief Market Strategist Alexandro Zambrano covers Bitcoin’s recent rally, which saw it hit new all-time highs, and his expectations of its performance during Q2.

GBP, EUR
ATFX Chief Analyst of Asia Pacific, Martin Lam, analyses the pound and euro’s expected performance against the US dollar. He also discusses gold and silver’s prospects, influenced mainly by central bank policies and the global economy.

Nasdaq 100
Ramy Abouziad, ATFX (CY) Dubai Rep Office Head of Market Research, outlines a macro view of the US economy and explains what he thinks will happen after the passing of President Biden’s $1.9 trillion fiscal stimulus bill. He digs into the country’s liquidity levels and their impact on US equity markets, especially the Nasdaq 100.

USD/CAD
ATFX (Asia Pacific) Global Market Strategist, Jason Tee discusses the impact of the Bank of Canada’s monetary policies on the USD/CAD currency pair and the impact of the different approaches between the BoC and US Federal Reserve on the pair.

Crude Oil
Our Asia Pacific Global Market Analyst Jessica covers the future outlook for crude oil’s performance in Q2 2021, including whether the commodity can maintain the impressive rally we saw in Q1.

USD/JPY
Dean, ATFX (China) Senior Market Analyst, covers the USD/JPY currency pair and how Japan’s economy is likely to react to the expected global economic recovery. He explains the impact of excess liquidity on Japan’s economy and the existing deflationary pressures.

USD/MXN
Our Latin America Market Analyst Eduardo covers the Mexican economy and its national currency, the peso. He explains what could happen if the country’s economy recovers during Q2 and its impact on the USD/MXN currency pair.

Trader Mindset
Finally, a whole section is dedicated to developing the proper trading mindset and the right mental skills as a beginner trader. The section also covers the proven tips to gaining confidence when trading.

Download link: https://lp.atcapital.group/en/trader-magazine

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
rx0dP_ntfIe0KvhxhpPobx4mFN2Pt85l9BaX9Qt3HiAUJhDiWmHwofMCelAgRh8p093Ih0D1szdwvRkhjjob_MXHT7BCVemwu1CjNOPGkZ9tIzuo6H0-V89ieUIezYjTrw_dcOM


ATFX is proud to announce the 1st publication of an ebook called ‘Traders Magazine’, sharing the opinions of seven of its top market analysts and experts on where they think the global financial markets are headed in Q2 and beyond.

The experts begin with their forecast on major markets, then discuss the potential moves in popular assets such as the Nasdaq 100, the EUR/USD, GBP/USD, USD/CAD, USD/MXN, gold silver and bitcoin over the second quarter of 2021.

Bitcoin
ATFX’s Chief Market Strategist Alexandro Zambrano covers Bitcoin’s recent rally, which saw it hit new all-time highs, and his expectations of its performance during Q2.

GBP, EUR
ATFX Chief Analyst of Asia Pacific, Martin Lam, analyses the pound and euro’s expected performance against the US dollar. He also discusses gold and silver’s prospects, influenced mainly by central bank policies and the global economy.

Nasdaq 100
Ramy Abouziad, ATFX (CY) Dubai Rep Office Head of Market Research, outlines a macro view of the US economy and explains what he thinks will happen after the passing of President Biden’s $1.9 trillion fiscal stimulus bill. He digs into the country’s liquidity levels and their impact on US equity markets, especially the Nasdaq 100.

USD/CAD
ATFX (Asia Pacific) Global Market Strategist, Jason Tee discusses the impact of the Bank of Canada’s monetary policies on the USD/CAD currency pair and the impact of the different approaches between the BoC and US Federal Reserve on the pair.

Crude Oil
Our Asia Pacific Global Market Analyst Jessica covers the future outlook for crude oil’s performance in Q2 2021, including whether the commodity can maintain the impressive rally we saw in Q1.

USD/JPY
Dean, ATFX Guest Analyst, covers the USD/JPY currency pair and how Japan’s economy is likely to react to the expected global economic recovery. He explains the impact of excess liquidity on Japan’s economy and the existing deflationary pressures.

USD/MXN
Our Latin America Market Analyst Eduardo covers the Mexican economy and its national currency, the peso. He explains what could happen if the country’s economy recovers during Q2 and its impact on the USD/MXN currency pair.

Trader Mindset
Finally, a whole section is dedicated to developing the proper trading mindset and the right mental skills as a beginner trader. The section also covers the proven tips to gaining confidence when trading.

Download link: https://lp.atcapital.group/en/trader-magazine

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
Despite what many people think, one of the most critical components of a trading strategy is setting profit targets. Your entry prices primarily determine the profits (or losses) you make; closing prices play a lesser role. Therefore, you should always set a suitable winning target for your transactions. Based on this, you will determine how much risk you can take in anticipation of the potential profit.

But setting profit targets is not easy, especially if you are not familiar with the different systems used to trade the forex markets. The two most important questions you must ask yourself are: How do you set a logical goal for your profits? What criteria do you use to determine the acceptable market risk versus the potential profit? What are the necessary elements of a trading plan that will allow you to have tight trading stops with significant potential profits making you a consistently profitable trader?

To make profits consistently as a successful trader, you must have a solid foundation for your trading and investing activities. You must have a trading plan that factors in all the market variables that affect your win rate, and you should be mentally prepared to deal with the ups and downs of the markets. You can take various steps to stack the deck in your favour and increase your chances of becoming a consistently profitable trader.

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Here, we will offer you a set of steps that you can follow to set your trading goals and adopt the right mental approach to win in the markets over the long term.


1. Set your goals.
Always define your trading goals in advance to ensure that you apply the right strategies to the current market conditions. Not defining your trading goals in advance means that you will be reacting randomly to market events instead of executing your trading plan.

Defining your goals will help you develop a deeper understanding of trading in general. Having realistic and clear goals for each day and a long-term plan will help maintain a balanced approach to the markets by tracking your results and comparing them to your plans.

Ask yourself how much profit you would like to make. If you can firmly answer this question, you will have a number you work to reach every day, which allows you to follow a trading plan that matches your goals and reaches them.

Remember that setting a profit goal for your trading will help you avoid bad trades. Even the most experienced traders cannot be sure whether a deal will be a winner or a loser before opening it. However, they realise that they can reap a profit from their total transactions if their winning trades are more significant than their losing trades, which you will learn as you become more experienced.

If you want to see positive results for your trades, you must first set a profit target for the trade so that you can evaluate any trade and determine if it is worth taking or not. The evaluation is done by comparing the potential profit to the risk you have to take. If the risk does not exceed the potential profit’s value, you can take the trade.

This approach will only help you choose trades with tight stops that have high-profit potential.


2. Do not set short-term or long-term
Goal Setting is one of the most common mistakes that new traders make, leading to not seeing positive results.

If your goals are long term, you are likely to have very few winning trades. But if you set short-term goals, there is little time to compensate for the risks you are taking.

Try to be mindful of the market trends in which you transact while determining your profitability goals so that you can get the most profit possible.

Always make sure you stick to your trading plans by avoiding impulsive decisions so that you can reach your goals.

Remember that trading in the forex markets is simple, but it is certainly not easy.


3. Improve your trading approach
You have to commit to developing your trading approach and making it more flexible. So, instead of setting win rate goals for specific periods or unreasonable goals, focus solely on trading what you see in the markets. By shifting your approach, you will increase your odds of success in the trading world.

The problem here is that many traders do not realise that setting daily and weekly profit targets that are not supported by market trends tend to lead to failure in the forex markets. Such an approach leaves you preoccupied with making a specific amount of money over time as you would at a regular job, but this is not how the markets work. Trying to meet your daily or weekly profit goal may lead you to make impulsive trades even if the market conditions do not match your trading strategy.

Therefore, you must change your trading approach and avoid making the above mistake.

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4. Learn the difference between trading approaches
There are three different approaches that you can follow to achieve your trading goals, and there is no doubt that each of these approaches can make you profitable. However, you must choose the approach that suits your personality and that you can easily follow and stick to over the long term.

The most followed approach:

-Fixed Profit - Risk
The fixed risk and profit approach is one of the most straightforward ways to trade the markets. All it requires is
to set your stop-loss order and profit target at specific levels that meet your chosen risk: reward ratio. Using this approach means that you will always know how much you could lose or make on each of your trades. The approach is popular because it is easy to implement and has clear risk: reward ratios.

-Calculated Steps (this approach includes discretionary operations)
The calculated steps approach requires you first to analyse the prevailing chart patterns and then use your analysis results to estimate where the price will go in the future. You can then determine your profit target and stop-loss order positions based on the analysis. As mentioned earlier, you should ensure that the potential profit is greater than the risk taken.
The ability to calculate steps is an invaluable skill among the top traders. It allows them to estimate potential price movements (in both directions) based on previous price patterns of a specific instrument.

-Market trend and price analysis
All types of markets have trends, yet this does not mean that the price must always move in a specific direction all the time. Regardless, the price of an asset tends to move in one direction until market conditions change in favour of the opposite side.

This approach is considered by many to be the most daunting of the three, but it has the advantage of allowing you to set your profit targets based on the trend, which could increase your potential profits.

Set up a demo account to kick start your forex journey now!

Get ready for Part 2 !


ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 
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