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A good platform is key for forex trade

SEE ALSO: Sanlam posts Sh99 million after tax loss in first-half SEE ALSO: Regulator goes all out to quell persistent NSE listing drought SEE ALSO: Long wait continues for investors of firms suspended from NSE

Special platforms allow anyone to trade on the stock exchange. Buy shares of corporate giants from any device. 

Efficient technical tools are vital for Forex traders. Their profit relies on accurate predictions of market movements. 
To foresee trends, one needs access to various data. Stock traders evaluate patterns and manage positions accordingly. Even if you prefer fundamental analysis over the technical approach, you still need a platform. 
Top products are comprehensive environmental, and these are suitable for learning and live trading. Such software is packed with graphic aids and tools for risk management. It provides buy and sell indicators that help users to spot lucrative opportunities. One such platform is MetaTrader 5. 

SEE ALSO: Sanlam posts Sh99 million after tax loss in first-half

Why trade stocks online 
Gone are the days when stocks were accessible to the chosen few. Today, any individual can learn to buy and sell shares remotely. Global markets are a click or a tap away. Platforms like MetaTrader 5 can run on desktop computers, tablets, and even smartphones. This ensures 24/7 access.
In order to start, you need to register an account with a brokerage. This firm is the intermediary that connects you to the exchange and facilitates transactions. Forget the old-school stock exchange where each operation requires multiple phone calls. Everything can now be handled from the comfort of your home. Let the equity of major corporations work to your advantage. 

 How it works

SEE ALSO: Regulator goes all out to quell persistent NSE listing drought

The broker will create a demo or live account, depending on your needs. With the login and password, you can unlock the software. While the demo mode is perfect for training, live trading is where the real money comes into play.

It is easy to open a demo account. Fill in a basic form, and the credentials will be emailed to you almost immediately. Explore the platform in its simulation mode before depositing cash. You need to feel comfortable using the controls and charts, including tools for risk management.
Real stock market trading is accessed via a live account. Through their broker, users may access stocks or derivatives, such as CFDs. All instruments are bought and sold through the platform. No extra downloads are necessary. Contact your local brokerage for expert advice on stock market trading in Africa.
 This advanced stock trading system was devised by MetaQuotes Software Corp. It stands out due to its wide range of trading aids. The previous version of the software (MT4) is still the most popular choice among currency traders, years after its release. 
MT5, on the other hand, is preferred by experienced traders that want to diversify their portfolios with more instruments. It has more sophisticated graphics and broader functionality overall. 

SEE ALSO: Long wait continues for investors of firms suspended from NSE

It has features such as the multiple trading instruments, numerous visual aids (tables, bar charts, etc.), quick execution, pricing streamed in the live mode, compatibility with Windows and Mac, sleek mobile versions from Android and iOS, financial news updates, and audio alerts.
The platform uses MetaQuotes Language 5. This programming language is highly intuitive. It is used for the creation of trading strategies and robots. Useful technical aids, such as indicators and scripts, are also built using MQL5. 
In comparison with MQL4, the successor is more advanced and efficient. Every operation requires only one function. Trading robots analyze the market and execute trades automatically, and this saves users a lot of time. 
You may also create and modify scripts. It is possible to use a positional system across markets. Finally, you can chat with fellow stock traders on the community forum 
The platform allows effortless customization. Users have a vast choice of options. These include 21 timeframes, 38 embedded technical indicators, 44 graphic objects, 2 execution modes, 6 pending order types, depth of market, netting, built-in economic calendar.
The MT5 is a popular platform that makes stock trading convenient on any device. With MT5, stock traders can access the global exchange easily, from anywhere in the world. Buy shares of the largest world corporations and profit from their growing value! 
The system opens access to a broad range of instruments beyond stocks. 
These include futures and CFDs (Contracts for Difference). It is, therefore, possible to trade a diverse set of assets. The more instruments are used – the lower the trading risk. 

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Daily Financial News

Czech Aug Industrial Production Rebounds Sharply

Czech industrial production surged in August, after falling sharply in the previous month, figures from the Czech Statistical Office showed Friday.

Industrial production expanded 13.1 percent year-over-year in August, reversing a 14.1 percent plunge in July. That was well above the 8.3 percent climb expected by economists.

On a working-day-adjusted basis, industrial production advanced 7.7 percent in August from a year ago.

Manufacturing production grew 16.6 percent, while mining and quarrying output declined by 4.6 percent.

Month-on-month, industrial production increased a seasonally adjusted 12.1 percent in August.

Separately, the statistical office revealed that construction output decreased 5.9 percent yearly in August, following a 16.3 percent slump in the prior month. Compared to July, construction output gained 0.8 percent

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Daily Financial News

New Zealand’s first Fairtrade Climate Neutral Coffee

Fairtrade have launched New Zealand’s first climate neutral coffee, which not only helps fight climate change, but also supports communities in developing countries. In partnership with Countdown, the Climate Neutral Coffee is exclusively available at Countdown as part of their Macro brand.

Fairtrade Climate Neutral Coffee means that the coffee production, from the farm right through to the supermarket shelf, has no negative impact on the climate. To achieve this, all participants in the supply chain first work to reduce their emissions and then offset the remaining emissions through the purchase of carbon credits from Fairtrade coffee farmers.

The carbon credits are generated by climate projects in Fairtrade farming communities, such as reforestation projects in Peru, the country where the coffee originates. These initiatives help Fairtrade farmers not only to combat the impact of climate change but also to earn additional income from the sale of their carbon credits.

Countdown partnered with Fairtrade Australia & New Zealand to develop the Climate Neutral Coffee exclusively for their Macro Organic range. The innovative product maintains Countdowns commitment to providing great quality products, while also helping to minimise their impacts on the environment.

James Walker, Countdown General Manager of Corporate Affairs says, “We’re pleased to extend our range of Fairtrade certified products, and be the first to launch a Climate Neutral Coffee in New Zealand.

“Demand for certified products continues to increase and this launch showcases our commitment to providing ethical and sustainable choices to our customers. The range is not only quality Arabica coffee, but it is also organic, Fairtrade certified and Climate Neutral.”

“With stores all around New Zealand, doing our bit to reduce our carbon footprint and operate sustainably is something the Countdown team is passionate about. In June this year we won the Ministry for the Environment’s Green Ribbon award in the ‘Resilience to Climate Change’ category for our work in increasing our energy efficiency and reducing our carbon emissions. We are actively working to improve how we do business to reduce the impact we have on the environment.

Molly Harriss Olson, CEO of Fairtrade New Zealand says, “We applaud Countdown for being a market leader in sustainability and are proud to partner with them on this innovative range. By choosing Fairtrade products, consumers are supporting a global system which is empowering and enabling 1.65 million farmers in 74 countries to adapt to climate change,” says Mr Walker.

“What makes Macro Fairtrade Climate Neutral Coffee truly unique is that the carbon compensation also takes place in the Fairtrade coffee supply chain. This means that Fairtrade farmers and their communities are benefitting from a fair price for their coffee as well as additional income from the carbon credits.”

All Fairtrade Carbon Credits are certified by Gold Standard, an organisation specialising in climate security and sustainable development. Gold Standard works to maximise the impact of climate and development interventions by creating robust standards for responsible management of the planet’s resources. Together Fairtrade and Gold Standard are uniquely placed to play a part in the global response to climate change

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Financial News

USD/JPY eases from highs, back to 103.80 ahead of NFP

After reaching fresh highs above the 104.00 handle on Thursday, USD/JPY has now slipped back to the 103.85/80 band.

USD/JPY attention to Payrolls

Despite the current slide, spot keeps its rally intact at the end of the week, advancing for the second consecutive week and up around 4 cents since recent lows in the 100.00 neighbourhood seen in early September.

Along with the continuation of the selling bias around the Japanese safe haven, the greenback has been gathering extra pace backed by positive results in the US calendar and rising speculations on a Fed’s rate hike at the December meeting.

Ahead in the session, US Non-farm Payrolls are expected to show the economy has added more than 170K jobs during September, while the unemployment rate is seen at 4.9%. In addition, FOMC’s S.Fischer, L.Mester and E.George are due to speak in Washington, keeping the focus on the buck.

USD/JPY levels to consider

As of writing the pair is losing 0.13% at 103.80 and a breakdown of 101.99 (55-day sma) would aim for 101.83 (20-day sma) and finally 100.07 (low Sep.22). On the other hand, the next up barrier aligns at 104.33 (high Sep.2) ahead of 107.48 (high Jul.21) and finally 108.30 (200-day sma).

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