Forex & Binary
Today Trading Signals
The Euro continues the positive run and as we have missed the entry for a long position we would be looking for a pullback where to short EURUSD. We would expect a pullback around 1.1620 - 1630 so if the price reaches those levels we might enter a short position for today.
The British pound is taking advantage on positive Brexit news and global equity sell-off. We would expect the upside move to continue after BOE Carney's speech that is scheduled for 09:00 GMT today. We are looking to buy any pullback with 50 pips profit on our daily trades.
The Euro is trading at around 1.1540 after yesterday reached 1.1570 for the first time this week. Today, focus will be on the ECB monetary policy and US inflation data. We would expect the Euro to take advantage of a global equity root that pushes the US dollar lower.
To make profit, we need to trade smart. The Marubozo strategy is simple but that doesn’t mean it is easy to make profit. First, you need to learn to identify trends and then wait for a confirmation candle that will eventually tell you the price is in strong momentum and the trend will continue.
Before you start trading 5 minute binary strategy, you have to accept it will not give you 100% ITM signals. You have to approach trading with lower expectations and follow real action on the charts to build knowledge.
Candlestick price action makes use of the hollow (or filled) candlestick pattern and the wicks (or shadows), which determine the open and close and the high and low, respectively. Based on distinct patterns, candlestick price action can help traders to determine what is happening in the forex and crypto markets.
By analysing price action, traders can benefit as the chart patterns can signal a potential reversal to the trend and open positions accordingly. That the reversal patterns can appear in any time frame suggests they can be used by both swing traders and short-term day traders.
As the price action patterns are formed across multiple time frames, traders can take advantage of the continuation patterns and either day trade or swing trade, depending on their preference. In most cases, the continuation chart patterns can be expected especially after a strong move by the markets.
The best brokers should offer you а great trading experience with all the latest technological developments. When you choose a broker, customer support is also very important, and we carefully consider all companies before we put a broker in our top selection.
To trade cryptocurrencies, traders can use exchanges such as Bitfinex and Bittrex, but they can also trade crypto CFDs at forex brokers with higher leverage. While trading CFDs, you don't own the coins, but you can profit from higher volatility in the crypto market by guessing the price direction.
Some of the best forex brokers regulated by FCA (UK) and ASIC (AU) deliver currency pairs and cryptocurrencies, including Bitcoin, Litecoin and Ripple. The brokers offer traders direct access to the interbank liquidity. Traders can speculate on the forex and crypto markets by using leverage up to 1:1000.
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With the Ethereum cryptocurrency offered by exchanges for sale, hedge funds, speculators and retail traders join the crypto market in a hunt for profit. When the wolves join a market, you can expect bubbles and bloodbaths, which we already witnessed in 2017 and 2018.
Bitcoin, also known as digital gold, is an electronic cash system that allows direct payments between wallets. Transactions could be approved in minutes without an intermediary financial institution. The cryptocurrency is used globally and is an alternative to all fiat currencies, such as U.S. dollars, Euros and Yens.