ATFX Press Releases 2021

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The gain in silver prices that started from the March 31 low at $23.81 looks to have abruptly ended today as the US ISM report and ADP employment figures beat expectations, causing silver to slide and the US Dollar to gain.

According to the ADP report, 978K new jobs were created, an uptick from 654K the month prior and higher than the 650K expected. Whilst, the ISM Services report rose to 64 from 62.7 and higher than the 63 anticipated. Traders are now awaiting Friday’s Non-Farm Payroll report to see if the US unemployment rate could turn lower from 6.1% to 5.9% expected.

A move lower would be well received by the Federal Reserve. But it would still be far away from the record low unemployment rate at 3.5% just before the pandemic struck. I, therefore, think that the Federal Reserve will remain dovish for a few more months. However, the markets are anticipating a hawkish Federal Reserve in less time than that, which is why silver prices are lower today.

Silver prices technical outlook
Seen from a long-term perspective, silver prices remain trapped in an ascending triangle pattern, and a break to the $29.40 level might send the price as high as $35.96. However, given that the price is trapped between the pattern, the most likely step is that the May high of $28.79 will act as a multi-week high, and bears will try to send XAGUSD to the upward-pointing trend line, currently at $24.74. So traders that have been waiting for a super cycle in silver prices need to wait a bit longer.

XAGUSD Daily Chart
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Learn more about commodities investment or set up a demo account to kick start your trading journey now!

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.
 
Initially, when people thought about cryptocurrencies, the first token that came to mind was Bitcoin. It is considered a leader in the cryptocurrency field, so many corporations now accept it as a store of value. Another formidable contender in the crypto market is Ethereum. Ethereum has also proved to be a first-mover with growing price value and reasonable volatility. So far, the big question has been whether or not Ethereum will ever overtake Bitcoin in terms of value.

Like most other asset classes, there are significant advantages of diversification through having more than one digital currency. Shrewd investors should consider having a small cluster of different coins instead of just Bitcoins. However, there is also a need to consider the crypto assets that will stabilize volatility and complement each other in the long term. A combination of Bitcoins and Ethers is a favorite choice for many investors as their differences and similarities, price trends, and technologies complement each other well.

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Ethereum has network characteristics that make it attractive in the long-term
Bitcoin and Ethereum networks may look similar, but they are different if their overall aims are considered. Bitcoin started as a reliable alternative to having fiat currencies and also to keep transactions anonymous. It was a way to store value and have a medium of exchange away from the grip of institutional control. Ethereum, on the other hand, is intended to have its currency and provide apps and immutable digital contracts on its platform. With that, ETH is also a digital currency, but Ether's primary purpose was first to facilitate and then monetize smart contracts and provide a decentralized application platform (dapp).

Ethereum bears a greater advantage from a broader perspective because it is a platform that still carries more room for innovative improvements within it. Being a platform that can carry out plenty of economic tasks places it a step ahead of Bitcoin, which so far remains a peer-to-peer value exchange system.

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Mining characteristics that affect the value of Ethereum and Bitcoin
From its inception, there was a capped number of Bitcoins that can ever be mined. The founder’s code placed a limit of 21 million Bitcoins. Currently, the number of Bitcoins that have already been mined is slightly under 19 million Bitcoins. Furthermore, the reward for mining Bitcoins will also keep on reducing by half after every four years. The process is called "halving," which means that it will avoid an unfair rush to mine the remaining quota, and in turn, there won't be some price distortion. As the figure of existing Bitcoins rises, the coin will naturally encounter more scarcity, and that will create more value.

On the other hand, Ethereum does not have a limit on the number that can be mined, neither are there any restrictions as a percentage of the first number issued. Miners, however, find Ethereum more profitable to mine because Bitcoins demand more computing power, electricity, and related costs to mine them on the blockchain. Ethereum is popular with miners because it is cheaper and more rewarding to mine.

In summary
Bitcoin is considered a very mainstream cryptocurrency, and investors and users alike may want a new challenge. Altcoins like Ethereum are gaining popularity and value very fast, and these all come with unique benefits and potential for further value beyond being a medium of exchange. Ethereum, in fact, hit its highest ever hash rate averaging 2000 Megahash in April 2021. Even while BTC remains a first-choice for many, ETH's current value and potential to gain more value in the long term makes it a must-have coin for value investors.

Learn more about cryptocurrency investment or set up a demo account to kick start your trading journey now!

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.
 
How to ensure successful trading in Forex?

To be successful as a forex trader, you must first train on identifying the perfect trading opportunities and executing your trades on a trading platform. The best way to start trading is to learn the fundamentals of trading and then practice executing your strategy on a demo account. Once you can trade consistently on a demo account, you can open a real account and start trading real money. Trading is an activity that requires constant practice to be successful.

When starting, a trader should open a demo trading account with a trusted broker to test their services and familiarise themselves with their chosen platform. One of the most popular trading platforms is the MetaTrader 4 platform, which many brokers offer and is widely used. Opening a demo account will allow the trader to get familiar with the trading platform and the broker’s services. It will also make it easier for the trader to seamlessly execute their trading strategy.

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First: Choose the right broker

Choosing the appropriate brokerage firm depends on several conditions:

1. It is necessary to choose a licensed broker because this gives you insurance on your trading capital against any fraud or financial problems that may affect the broker. The best regulators offer compensation to traders in case a broker encounters financial problems.

The most respected licenses are:
- The UK license issued by the Financial Conduct Authority (FCA)
- The Cyprus license issued by the Cyprus Securities and Exchange Commission (CYSEC).

Authorities in other countries issue different licenses in other countries, but these two offer deposit compensation to traders if a broker files for bankruptcy.

Companies licensed by strict regulators will not take unnecessary risks that could plunge them into financial difficulties since they do not want to lose their licenses.

The strict regulators constantly review the licensed brokers to ensure that they are not breaking any rules and taking measures to protect their client’s funds. In the past, we have seen investment banks take unnecessary risks that forced them to go bankrupt, losing most of their clients’ money. Therefore, it is always best to open a trading account with a licensed broker.

2. The ease of the deposit and withdrawal process is another primary consideration because you may want to withdraw your deposits or profits in future quickly. Most unregulated brokers have a complicated withdrawal process and are usually unwilling to return your funds quickly and may start giving your excuses amid long delays. A licensed broker will quickly return your funds whenever you need them without long delays as they are required to do so by the regulators.

3. The presence of reasonable leverage. Financial leverage is one of the means that allows traders to trade the markets profitably, but it also increases the risk associated with your trades. As a trader, you have to choose the appropriate risk level for your capital. Although the application of financial leverage provides an exciting opportunity, you should treat it with caution. Too much leverage is extremely dangerous for your account, especially if you are not a seasoned trader. Do not trade with money you cannot afford to lose.

4. Price difference (the spread) is an essential measure for brokerage companies because it represents the fees they earn when you trade with them. Each broker charges a spread, which is the difference between the selling and buying price when you are trading. However, you should avoid brokers with very wide spreads because they could inflate your trading costs making it very hard for you to be profitable. Trading on a demo account will allow you to gauge a broker’s spreads. Always contact the support team when a broker’s spread becomes too high at any particular time.

5. The number of financial products offered by a broker is also crucial. The more products offered by a broker, the more opportunities will be available to you as a trader. You should choose a broker that offers a decent amount of financial products in all trading categories, among others—the more instruments at your disposal, the higher your profit opportunity.

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A deeper look at the financial products offered

The financial products available for trading in the demo and real trading account include the major currency pairs, which are the pairs that have the US dollar; the minor currency pairs, which are the significant currencies without the US dollar, stock market indices, and commodities such as gold and oil.

Each product has unique behaviours; some are characterised by fast movements, while others move slowly. Some instruments need you to deposit higher amounts to trade them than others traded with tiny accounts. You have to understand the characteristics of the product you are trading before you start trading it. For example, before you start Forex trading with a real account, you must understand what it entails. The same applies to all other products.

Third: The importance of following the news

Analysts determine future market trends mainly based on the price movement, which is called technical analysis. However, they also expect buying and selling patterns to be affected by the news issued periodically that can be viewed from websites dedicated to tracking news events affecting the markets. Not all news releases have the same weight, with some news such as the nonfarm payrolls or interest rate decisions having greater importance than others. You should always track the important news events that have a significant impact on the markets when trading.

Set up a Metatrader 4 account or Demo Account to kick start your trading journey now!

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.
 
There is no doubt that earning money through the internet is something most people are interested in. One of the most prominent ways of profiting from the Internet is by trading the global financial markets. We cannot talk about trading the Forex markets without mentioning the popular MetaTrader 4 platform used by most traders. You can buy and sell currency pairs, stock and index CFDs, and commodities using the MT4 platform and profit from the financial markets.

A brokerage company is the main link between investors and the global markets. Brokers provide trading platforms that allow investors to access and invest in the financial markets. Most brokers provide a customised version of the popular MT4 platform to their clients, given its ease of use and the large number of assets to trade using the platform.

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The Basics of Forex trading
1. Choose your preferred trading session

Choosing the best time to trade the markets will significantly impact your trading results and the markets that you can trade.
The Australian session runs from 10:00 pm to 7:00 am GMT, while the Asian markets are open from 12:00 am to 9:00 am GMT. European markets are open between 8:00 am and 5:00 pm GMT, while the American session starts at 1:00 pm GMT and ends at 10:00 pm GMT. The liquidity in the forex markets increases in periods when two markets are open simultaneously, such as when both the European and American markets are in session.

2. Capital management and risk management
Two emotions that you must always watch out for when trading are fear and greed. Fear will stop you from taking the opportunities available in the markets, making you miss great profit opportunities. Greed will make you feel dissatisfied with your profits leading you to risk more money than you should. Therefore, you should not allow these extreme emotions to dictate your trading actions. You should always approach the markets with the courage to take the trades identified by your system. Risk management should be one of your top priorities as you limit your risk exposure on each trade. You should always use a stop-loss order and have a profit target before entering into a trade. We will discuss this point in more detail in the next paragraph.

3. Determining the Take Profit and Stop Loss order
One of the most significant features of the MetaTrader 4 platform is the possibility of adding two extra orders when entering a new trade, which is the take profit order and the stop-loss order. You take profit orders based on the price point at which you think your trade has run its course and yielded the maximum profit. Many beginner traders are tempted to take their profits early and let their losses run, which is why it is advisable to have a fixed profit target and stop-loss order when starting. Doing the above will help you build the discipline required to trade the markets successfully. It also protects the trade from mental exhaustion as they watch their trades play out. It also helps you preserve your capital by minimising your losses and maximising your profits.

4. Know the terms of trading
It is natural to feel the strangeness of the terminology you encounter in any new field. The Forex markets have terminology that can seem a bit strange to a novice trader. Therefore, you should invest some time learning some standard forex terms such as pips, currency pairs, profit targets. You should also familiarise yourself with some of the terms used in technical analysis, such as support and resistance, as well as some of the popular indicators. Knowing the meaning of some of these terms will help you learn to trade much faster.

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Among the essential trading terms:
1. Pip

It is considered the smallest unit of the price of any currency. The price of a currency pair is typically quoted using five digits. For example, if the euro/dollar pair price is equal to 1.2498, then if the currency’s price in any pair is equal to a dollar, the pip will always be equal to 1/100 one hundredth of the base currency.

2. Bid purchase price
The bid price refers to the price at which you can buy a Forex pair. Brokers usually quote two prices for each currency pair, with the bid/purchase price being the one on the left. The bid price is usually the amount of the currency on the right needed to buy the currency on the left (base currency).

3. Ask/selling price
The Ask price refers to the price at which you can sell the base currency (left currency) quoted in the secondary currency (right currency). You can sell a currency pair when you want to profit from a downward price move.

4. The price difference between buying and selling-Spread
The spread is a term given to the difference between the buying and selling prices. The spread is how brokers make their profits, and each broker may have a different spread on the same currency pairs. The best brokers charge low spreads to ensure that their clients keep a large chunk of their hard-won profits. You have to be careful when choosing a broker because some have very high spreads that could eat into your profits.

Set up a Metatrader 4 account or Demo Account to kick start your trading journey now!

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.
 
Online trading is the process of buying and selling currency pairs, stocks, commodities and digital currencies via a trading platform. Trading platforms are provided by financial brokerage companies that make money when traders use their platforms. The goal of online trading is to take advantage of price movements to make a profit. It is not different from our daily transactions, except that it takes place over the Internet.

Thanks to the widespread adoption of the internet globally driven by the build-out of fast 4G and 5G networks in many countries has made the financial markets very accessible. The concept of online trading has gained popularity in recent years as new traders join the industry. Most people are attracted to the markets because they can profit daily compared to other ventures and investment strategies.

Many traders have embraced online trading because of the low barriers to entry, unlike other investments that require significant cash outlays, such as trading stocks with a traditional broker. One can start trading online with minimal cash and trade various products, including foreign currencies, stocks, ETFs, bonds, digital currencies, Bitcoin, and many others as contracts for differences (CFDs). Traders can access and trade all these products online and take advantage of their price movements.

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Of all the many assets that can be traded online, Forex trading is the most popular type of trading where investors trade currency pairs such as the US dollar against the euro. That is, exchanging one currency for another with the expectation that its value will rise against its peers and earn you a profit. The forex market is the largest financial market with a daily traded value of approximately 5 trillion dollars.

History of Trading Online
Before the advent of online trading, traders were forced to talk to a brokerage broker whom they would call and ask to make trades for them. Much of the trading information we have access to on our trading accounts were not readily available. Traders had to constantly call their brokers to get an idea of the price changes in a particular asset. Investors used to buy the newspaper to keep track of changes in the global financial markets relayed via Fax and other slow communication methods.

However, the internet revolutionised the online trading industry, which has truly transformed over the past few years, making it possible for ordinary people to trade the markets. Nowadays, the amount of information we have access to, including the second by second changes in the price of an asset, used to be only accessible via mainframe computers worth millions of dollars.

Most brokers’ popular MetaTrader 4 platform has the same advanced functions that were only available on a mainframe computer in the 1980s. Today’s online trading platforms allow traders to open, close and adjust their trades anytime and from anywhere in the world. Many advanced indicators can help one make the right trading decisions using technical analysis.

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Today’s trading platforms allow traders to use powerful features such as a stop-loss order and limit orders for profit targets and trade entries. These tools can automatically get you into and out of a trade even when you are not physically at a computer or mobile device.

The internet, combined with the drop in computer and mobile device prices, has genuinely transformed the online trading industry. Nowadays, all an investor needs is a mobile device with a reliable internet connection to start trading.

There are minimal costs associated with trading the financial markets, making the Forex markets very accessible to most people. Most brokers now offer educational resources for beginner traders who don't know much about the markets, making it easy for new traders to get started.

Most people across the globe can now access the global financial markets via online trading. The assets available for trading from most brokers include Forex pairs, digital currencies, stocks, futures, indices, gold, and oil trading. You can access the financial markets 24 hours, five days a week, except for Saturday and Sunday, when most markets are closed.

All you genuinely need is a computer or mobile device with an internet connection and some risk capital.

The laws governing online trading
All types of online trading are subject to the law of supply and demand, including foreign exchange trading, contracts for differences (CFDs), digital currency trading, among others. The law of supply and demand states that if the supply of a commodity increases, its price will fall, and in the event of a supply shortage, its price will rise. This law underpins all the market activity since to buy a currency pair or other asset, somebody else has to sell it to you. Other factors that affect Forex prices, such as geopolitical events, economic releases, and government policies, usually affect the supply or demand for the affected currency. However, each currency pair is usually affected differently by such events.

How to trade online?
The basic principle behind online trading is to buy an asset at a low price and sell it at a higher price to make a profit. You can also sell an asset at a high price, repurchase it at a lower price in the future, and profit from the difference.

Trading with a Forex broker allows you to buy and sell different assets while incurring minimal costs; hence, you get to keep most of your profits. You can trade stocks, commodities, gold, Forex pairs and cryptocurrencies from a single trading account.

Set up a Metatrader 4 account or Demo Account to kick start your trading journey now!

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.
 
Trading currencies is exchanging one currency for another by buying one currency while selling the other to make a profit. Trading physical currencies is done via currency exchanges, while trading currencies online is done via brokerages. Currency trading making with the help of daily forex calendar is also known as Foreign exchange or Forex trading. As a trader, you will be trading virtually via a Forex broker without exchanging actual currencies.
What is the main advantage of the mentioned function? I read a lot about the brokers, but not too much information about the clarification of everything here. How about the different attitudes to it in the community?
 
ATFX was recently named as one of the top 10 hot brands of 2021 by the CEO Views magazine. The broker was named the leading Fintech broker and one of the top 10 Hot brands of 2021.

ATFX won the award because of its state-of-the-art trading platform that has disrupted the Forex trading industry by driving innovation within.

The broker’s transparent, safe and secure trading model helps its customers make informed trading decisions increasing their efficiency while providing the best customer experience.

The CEO Views identified some of the key milestones achieved by ATFX, such as the industry-first introduction of facial recognition software and Adobe Sign technologies to speed up the registration process for its clients.

In order to overcome the challenge of over-demand from assest managers and financial institutions of providing tailored liquidity service for them, ATFX offers both retail trading services targeted at retail and individual traders and institutional brokerage services to family offices, investment firms, and hedge funds, among others. Retail traders can access services via the main ATFX website, while institutional traders and investors can access bespoke services via the ATFX Connect platform, its fintech arm.

Joe Li, ATFX’s Chairman, said: “It was not easy to decide on the transition from being a successful retail broker with a recognized global brand to becoming an institutional broker within a very competitive arena. However, I saw the challenge as an opportunity to grow. So we decided to expand our vision, partner with the correct technology provider, and expand our company's operations globally. As a result, we now have 12 regional offices providing award-winning services to our clients. Now, in the first quarter of 2021, our institutional business has successfully grown over 500% compared to earlier last year despite the impact of the COVID-19 pandemic!”

(www.atfx.com)

ATFX intro:
ATFX is an award winning FX/CFD broker with an established global presence. Globally, the company has offices around the world offering support to its clients in more than 15 different languages. 

ATFX is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Services Commission (FSC) in Mauritius, and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

Media contact:
00801127901
 
In 2009, a virtual currency known as "Bitcoin" was created that changed the very foundations of what it means to trade currencies. The digital currency became extremely popular and launched the cryptocurrency sector as it is now known globally. Bitcoin is traded like any other fiat currencies, where traders can exchange/trade it for another currency to make profits.

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Just like any other financial commodity, Bitcoin and other cryptocurrencies have many advantages and disadvantages. Here are some advantages of trading Bitcoin: It can be traded throughout the week, unlike fiat currencies, and does not depend on the bank payment systems. As a result, paying with Bitcoin is faster and cheaper than bank transactions. In addition, Bitcoin can buy many tangible goods such as mobile phones and computers, as more merchants start accepting the leading digital currency. Another advantage is that there is no central authority that governs Bitcoin.

Disadvantages of using Bitcoin
Bitcoin also has some drawbacks, such as It cannot be used without an internet connection. It is not convenient to buy cheap everyday products such as tea and other household goods because of the associated costs. Converting Bitcoin to fiat currency is expensive, and merchants’ acceptance levels are much lower than fiat currencies. Bitcoin prices are pretty volatile, which could see the value of your Bitcoin fluctuate daily. Are you now wondering how and where you can get bitcoin?

To buy a cryptocurrency such as Bitcoin, you must first open an account with a digital currency exchange and deposit some fiat currency, which you can then use to purchase Bitcoin.

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Most exchanges allow their users to buy Bitcoin from each other in what is known as peer-to-peer transactions. You can buy your Bitcoin using fiat currencies by depositing funds into the exchange via credit/debit card as well as bank transfers. You can also exchange other digital currencies for Bitcoin.

A popular way to benefit from Bitcoin’s price swings without owning any Bitcoin is to trade contracts for differences (CFDs) via a Forex broker.

Is trading and using bitcoin legal or not?
Each country has different rules about Bitcoin, but many countries allow their citizens to own and exchange cryptocurrencies. However, some countries restrict the buying, selling and ownership of digital currency, such as Russia and Argentina. Other countries like Thailand require their citizens to obtain licenses to own and exchange virtual currencies.

Most governments led by the United States have singled out cryptocurrencies such as Bitcoin as being used for criminal activities. As a result, some countries are creating a central bank digital currency (CBDC) similar to their official currencies. The CBDC’s shall be issued and regulated by the respective country’s central bank.

Always check the regulations in your country before buying or selling digital currencies, as each country has its laws.

To start trading bitcoin, you must follow these steps:
  1. First, you must open a trading account with a financial brokerage.
  2. Create a trading plan with an edge.
  3. Define your trading goals.
  4. Be aware of all the latest news affecting Bitcoin.
  5. Study and analyse Bitcoin price charts.
  6. Identify high probability trade opportunities.
By following the above steps, understanding the advantages and disadvantages of trading Bitcoin, and choosing a reliable broker to facilitate your trading, you can stack the odds of success in your favour.

Set up a Metatrader 4 account or Demo Account to kick start your trading journey now!

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.
 
Crude oil trading provides excellent opportunities for profit in most markets due to its importance and unique position in the global economy and political systems. Additionally, the energy sector has witnessed sharp fluctuations in the past, ensuring solid trends that can generate stable returns for short-term swing traders and long-term investors alike.

However, traders who do not know all the distinct characteristics of the oil/energy markets cannot make the most of the fluctuations in crude oil prices. Moreover, many traders are not familiar with the hidden traps that characterise these markets, which can consume their profits. What, then, is the best way to invest in and profit from oil price fluctuations?

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Oil trading requires significant consideration and study compared to other assets since there are multiple products to choose from and use to trade the oil markets. Some of these instruments include trading oil derivatives, futures and shares of the oil and natural gas companies.

Each of these options has several advantages and disadvantages.

Trading oil CFDs is one of the options chosen by many people interested in trading the oil sector because of the ease of trading and the low requirements to getting started. “Contracts for Difference” (CFDs) are contracts between a trader and a broker to exchange the difference in value between when a deal is opened, and the time it is closed.

Most CFD brokers offer the possibility of speculating on the price of oil futures contracts. Still, the value of the contracts is usually less than the standard values of the actual futures contracts. For example, the oil contracts for differences (CFDs) could be worth 25 barrels (depending on the broker’s conditions), compared to a thousand barrels of oil for the standard futures contracts.

CFD trades are usually commission-free (the broker earns from the spread). In addition, since this type of trading does not involve physical ownership of the assets, traders do not incur any storage or borrowing costs.

The most important feature of the oil market is that it is a global market that is open 24 hours, five days a week. As a result, the market witnesses considerable fluctuations in prices, making it an ideal environment in which day traders can profit from frequent price movements. The crude oil market also enjoys high liquidity, allowing traders easy entry and exit from trades of any size.

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Why Do We Recommend Trading Crude Oil CFDs?
CFD trading has become increasingly popular in recent years due to the numerous advantages associated with the sector. Some of these advantages include:

The ability to access multiple markets via one platform - investors can speculate in several large markets, such as the currency markets and commodities markets.

Diverse trading optionsTrading CFDs on many different instruments is a great way to ensure flexible trading opportunities and diversified investment history.

Greater Financial Efficiency – Reserve margin requirements are usually lower for CFDs compared to other tradable instruments.

Less Complicated - Some financial markets require a significant amount of capital for day trading, but this does not apply to CFD trading, making it an attractive option for day traders. Also, trading CFDs with a well-known and legitimate broker allows day traders to make trades easily and conveniently trade different commodities.

Liquidity - CFDs are usually traded directly via a broker, who is also the market maker, which creates a greater degree of liquidity than other alternatives such as futures contracts.

Flexibility - CFDs are not bound by fixed expiry dates like futures contracts. Hence, a CFD trade can be extended indefinitely as long as it is backed by sufficient capital and is not opposed by either the seller or the buyer.

Competitive Trading Costs - Oil CFDs are designed to give investors the benefits of trading commodities on an exchange without the high associated costs.

CFDs are one of the best and easiest ways to speculate on oil prices. This is because oil, like gold, is a popular asset traded by most people, which means that a trader can enter and exit trades at any time, regardless of the size.

Oil prices are determined by several external factors and are more sensitive to political and economic factors than other commodities. These factors include wars in oil-producing countries, the change of government policies regarding pipelines, a surge in oil production, and the rising demand in developing markets, which usually trigger changes in supply and demand rates.

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Investing in oil prices by combining awareness of current affairs and analysing crude oil charts is the most effective method of trading crude oil. Given that oil prices can move in either direction based on numerous factors, a trader must have a comprehensive vision of the entire market to trade it effectively. The oil markets are unique from other commodities because a deep knowledge of the market will give you a significant advantage as a trader.

Successful Oil CFD traders usually have strict stop-out strategies built into their positions to avoid massive losses from sudden price changes that are pretty common. Therefore, we recommend always using a stop-loss order when trading oil CFDs to make the most of your trading, in addition to limiting your potential losses in case the markets go against you, given the highly volatile nature of oil prices.

Set up a Metatrader 4 account or Demo Account to kick start your trading journey now!

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  • 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.
 
Focus now subsides from the tech stocks and earnings frenzy to the Federal Reserve’s policy two-day meeting and policy decision on Wednesday. No policy change is expected but investors are still waiting for labor market clues and expect the fed to signal or talk about cutting back on the asset purchases through-out the 2-day meeting.

Unemployment levels have taken more significance recently with the rise of inflation and Fed officials repeatedly sizing down inflation to be a problem with every month “its transitionary” speech.

Fears of covid-19 latest highly infectious delta strain has been slowing down the economic recovery outlook as cases surge once again and is raising concerns over the monetary policy path. It’s also one of the reasons tech stocks are back to the top as investors somewhat cut on all types of other stocks that are currently being affected by covid-19 and concentrate on mainstream stocks.

Powell, reiterated in the last June policy meeting that “it will take around 6 months to really know inflation and how much it is transitionary” so this meeting the dialogue could potentially change.

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In terms of figures, inflation has topped expectations last month the highest in 13 years despite expectations that it would drop. The consumer price index jumped 0.9% in the month of June VS its 0.6% gain in the month of May. This could most definitely also alter the Feds position as well.

Another factor to pin point out is if the job market is where the Fed wants it to be! Earlier last month, Powell has also mentioned that inflation isn’t enough to increase rates quickly and that they have a labor market goal to achieve, which hasn’t been met yet. Unemployment figures rose to 5.9% in June VS 5.8% in May despite strong growth seen in the second quarter especially with countries re-opening and business running and hiring. Hence there’s still a gap to fulfil in terms of Unemployment.

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The dot plot chart from June’s Fed meeting

In conclusion, with the above factors the Fed should sound less dovish but the reality is, that the Fed will keep sizing down inflation and repeat that recovery is still running smooth, till eventually inflation doesn’t slow down and then they might push back with an unexpected statement then.

Written by Nadia Amr, Market Analyst ATFX MENA (UAE)

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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