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Forex Trading in Brunei • Forex Strategies • Benzinga

Though forex trading is still a relatively new concept in Brunei, more and more brokers are entering the country and offering services to residents and travelers. There’s little question why more and more investors in Brunei are learning how to trade forex with trader-friendly regulations and a growing economy.

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Though forex trading is still a relatively new concept in Brunei, more and more brokers are entering the country and offering services to residents and travelers. There’s little question why more and more investors in Brunei are learning how to trade forex with trader-friendly regulations and a growing economy.

If you’d like to enter the forex market in Brunei, be sure to read our comprehensive guide to restrictions, brokers, terminology and more before you risk any of your money.

Get Started with Forex in Brunei 

Before you can exchange currencies or start investing in the forex market, you’ll need to open a brokerage account and add trading funds to it. Though the specific process you’ll go through when you open an account will vary by broker, here are the most common steps you’ll need to complete before you can access the market.

  • Step 1: Check your internet connection. From mobile phones to desktop computers, it’s possible to trade forex from almost any device with a stable internet connection. Check your connection and ensure that your internet is private before proceeding.  
  • Step 2: Choose a broker. There are a wide range of local and international brokers offering services to investors in Brunei. Be very selective when you compare brokers, as there are very few restrictions on brokers in Brunei. Consider fees, international licensure status, leverage availability and minimum deposits when you make your final selection. Then, open an account using your broker’s online process.
  • Step 3: Download a trading platform. Depending on the broker you choose, you might need to download an external trading platform. Most brokers support the MetaTrader 4 or 5 platform, but you might also have access to a proprietary platform through your broker.
  • Step 4: Fund your account. Once you have your trading platform and a fully functional account, deposit your trading funds. You can usually deposit money through a variety of methods, including bank transfers, debit card purchases and transfers from an electronic wallet.
  • Step 5: Place your first trade. It might take a few days for you to see your trading funds deposited into your account. When your deposit clears, you can officially begin trading forex by placing your first order through your broker. 

Brunei Forex Trading Strategies

Most forex traders in Brunei classify themselves by the length of time they hold their positions. There are 3 major types of trading styles: short-term, medium-term and long-term. The best forex trading strategy for you may vary depending on your risk tolerance and the currency pairs you trade. Let’s take a look at how each strategy varies and which might be right for you. 

Short-Term Investing

Short-term investors typically use a strategy called technical analysis to determine which currencies to buy and sell. Technical analysis is a type of trading that relies on charting patterns and candlestick formations to trigger buy and sell signals. There are a variety of charting patterns suitable for short-term trading strategies, but many traders rely on reversal candlesticks that indicate quick price movements.

Candlesticks may be bullish or bearish depending on their formation and placement. 

Short-term investors might hold their positions for as little as a few minutes or seconds, capitalizing on many small price movements throughout the day. In some cases, they may even use automatic trading software to fulfill orders automatically when a buy or sell signal is triggered.  

Medium-Term Investing

Investors who use a medium-term strategy typically also rely on technical analysis to inform their trades. However, these traders make fewer purchases and sales, relying on larger price movements and more complicated analyses to inform their trades. For example, a medium-term trading strategy called the “triple moving average crossover” requires the trader to establish a baseline period over an average of 21 days before they invest. Medium-term investors may hold onto their investments for as little as a few days to weeks.  

The triple moving average strategy is a popular medium-term trading technique. 

Long-Term Investing

Traders who use a long-term trading strategy usually don’t rely on technical analysis as their primary trading strategy. Instead, these investors usually use a strategy called “fundamental analysis,” which involves examining the underlying factors that influence how a currency moves in value. Traders who use fundamental analysis typically examine GDP reports, unemployment and inflation rates, federal interest data and other primary sources before they trade. Long-term trending strategies may last from a few weeks to years at a time.  

A strong economy means a strong currency. Traders who use fundamental analysis examine how economic indicators shift currency values. 

Forex Trading Example in Brunei 

Forex traders earn money by taking advantage of differences between currency values. A currency’s value changes over time depending on a variety of economic and political factors. By exchanging your Brunei dollars for another currency likely to increase in value and converting back when the value of the BND drops, you can earn a profit in your base currency. Let’s take a look at an example.

Imagine that Melissa believes that the value of the BND will soon fall in comparison to the USD. Melissa opens a brokerage account and deposits B$10,000 into her account. Her broker offers her 10:1 leverage on this trade, meaning that she can place a trade worth up to B$100,000 despite only having B$10,000 on-hand. 1 BND is currency equal to $0.7250 — converting her entire lot of BND to U.S. dollars leaves Melissa with $72,500.

From here, the value of the BND begins to fall. When 1 BND is equal to only $0.7150, Melissa decides to take her profits. She converts her entire lot of USD back to BND and is left with about B$101,398.60. After accounting for the money she borrowed in leverage and her initial deposit, Melissa’s profit is about B$1,398.60. 

Making Money with Forex in Brunei

Brunei is an exceptionally accessible market for forex traders. There are no rules or regulations that restrict the amount of money that you can deposit into an international brokerage account, you can freely convert Brunei dollars to any currency your broker offers and you can take as much profit as possible from your trading so long as you are reporting all of your income.

There are also no limitations on the amount of leverage that you can use when you trade from Brunei. You might find local brokers offering up to 1,000:1 leverage, which is a very dangerous level of margin trading. If you do decide to work with a local broker instead of an international option, carefully monitor and limit your leverage usage.

Best Online Forex Brokers in Brunei

Choosing a reliable and reputable forex broker makes entering the forex market significantly safer. The broker you choose will influence how much you pay in fees, which currencies you have access to, how much leverage you can use and more.

There are very few broker regulations in Brunei. This can make it much more difficult to find a safe broker. We recommend working with one of our vetted choices below.

Account Minimum

100 of your selected base currency

Pairs Offered

80+

Account Minimum

100 of your selected base currency

Pairs Offered

80+

1 Minute Review

FOREX.com is a one-stop-shop for forex traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.com is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While FOREX.com is impressive, remember that it isn’t a standard broker. You can’t invest in the stock or bond market through your FOREX.com and you cannot open an account with tax advantages. The confusing pricing and margin structures may also be overwhelming for new forex traders.

Best For
  • MetaTrader 4 users
  • Beginner forex traders
  • Active forex traders
Pros
  • Impressive, easy-to-navigate platform
  • Wide range of education and research tools
  • Access to over 80 currencies to buy and sell
  • Leverage available up to 50:1
Cons
  • Cannot buy and sell other securities (like stocks and bonds)
  • Confusing margin requirements that vary by currency
  • Limited customer support options
  • Cannot open an IRA or other retirement account
Account Minimum

$50 USD

Pairs Offered

47

Account Minimum

$50 USD

Pairs Offered

47

1 Minute Review

Though Australian and British traders might know eToro for its easy stock and mobile trading, the broker is now expanding into the United States with cryptocurrency trading. U.S. traders can begin buying and selling both major cryptocurrencies (like Bitcoin and Ethereum) as well as smaller names (like Tron Coin and Stellar Lumens).

eToro offers traders the opportunity to invest their assets into premade portfolios or cryptocurrencies, similar to services offered by robo-advisors through traditional brokers. Though eToro isn’t a one-stop-shop for everything an investor needs, its easy-to-use platform and low spreads is a great way to enter the cryptocurrency market.

Best For
  • International Forex/CFD Traders
  • New cryptocurrency traders looking for an easy-to-use platform
  • Traders who want to buy and sell cryptocurrencies on-the-go
Pros
  • Simple platform that is easy to master
  • CopyTrader feature that allows new traders to copy the same strategies used by professionals
  • Virtual dummy account that gives you $100,000 to practice trades
Cons
  • U.S. traders currently limited to cryptocurrencies
  • Only 15 major coins available to trade
Account Minimum

100 EURO

Pairs Offered

50+

Account Minimum

100 EURO

Pairs Offered

50+

1 Minute Review

A fully regulated broker with a presence in Europe, South Africa, the Middle East, British Virgin Islands, Australia and Japan, Avatrade deals with mainly forex and CFDs on stocks, commodities, indexes, forex, cryptocurrencies, etc. This brokerage is headquartered in Dublin, Ireland and began offering its services in 2006. It offers multiple trading platforms and earns mainly through spreads.

Best For
  • Beginners
  • Advanced traders
  • Traders looking for a well-diversified portfolio
Pros
  • Controlled by regulatory agencies of multiple countries
  • Choice offered in terms of trading platforms
  • Support available in 14 languages and trading platforms in 20 languages
  • Practice/demo account available for trying out
  • Breadth of trading assets
Cons
  • Does not accept customers from the U.S. as it isn’t regulated in the U.S.
  • Transferring funds to the account may take up to five days; withdrawals could take up to 10 days

Forex Terminology

The key to profitable forex trading is a solid understanding of how the market works. When you first begin researching how to trade forex, you’ll be introduced to a number of new terms that traders use to discuss the market and their trades. Familiarize yourself with a few of the most common terms below.

  • Pip: A pip is the smallest unit by which a currency can move in value. In most cases, a pip is calculated to the 4th decimal place. For example, if the value of a currency goes from 2.0200 to 2.0300, you could say that the value increased by 100 pips.
  • Lot size: Your lot size is the number of units of currency that you are buying or selling. For example, if you want to convert 100,000 Brunei dollars into euros, your lot size is equal to 100,000.
  • Orders: When you want to buy or sell a currency, you’ll do so by placing an order through your broker. Order options may vary by broker, and there are multiple different types of orders that you can use to limit your losses when trading.
  • Calls: A margin call is a risk of using leverage to trade forex. If you trade on margin and the value of your portfolio goes down, your broker can put out a margin call. If you receive a call, you’ll need to add more money to your account or immediately close out of your position. 

Mastering the Forex Market

No matter where you’re trading from, the most important tool that a new forex trader can have at their disposal is a solid, well-researched trading strategy. Most forex brokers offering accounts in Brunei offer demo accounts that allow you to test out the broker’s platform and your unique trading strategy without risking any of your own money. We highly recommend that you use a demo account or a paper trading account to perfect your skills before you enter the market for real. 

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Daily Financial News

Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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easyMarkets launches Ethereum and Ripple.

easyMarkets launches the crypto-markets’ best kept secret – Ethereum and Ripple.

The crypto markets are the new frontier of trading, we have seen unprecedented movement – from astonishing peaks to abrupt crashes – behaviors and easyMarkets launches Ethereum and Ripple.movements no other instrument experiences or has experienced previously.

Bitcoin was immensely popular when we introduced it to our customers in 2017. After closely following the innovative cryptocurrency markets we found two more immensely interesting (but less visible) cryptos to add to our offerings – Ethereum and Ripple.

easyMarkets launches Ethereum and Ripple.

Ethereum is a blockchain based cryptocurrency like Bitcoin, whereas Ripple is a cryptocurrency payment protocol, touted as a solution to perform payments for institutional clients. Although Bitcoin was undeniably the markets’ star in 2017 – these two crypto-counterparts had equally impressive movements.

Ripple towards the end of 2017 had a notable 33014% overall climb with a market cap of $83.6 Billion. This was assisted by Ripple’s collaboration with institutional users like American Express.

Ethereum had climbed an astounding 8,885% from the beginning of 2017 until the end of that year with a respectable market cap of 69.3 billion. Purely as a cryptocurrency it seemed to even outdo its forefather – Bitcoin – by completing transactions quicker and more effectively.

they have also lowered our spreads on Bitcoin!

Of course, all of their cryptocurrencies include easyMarkets great trading conditions:

Trading Conditions

  • There’s  zero slippage on the easyMarkets web platform meaning your Ripple trades will be executed at the price you see on your screen.
  • You can trade Ripple during its most active times, around the clock, five days a week.
  • They got you covered with an in-depth eBook and plenty of other trading education resources.
  • Make sure you have an exit plan in place by taking advantage of our 100% guaranteed Stop Loss and Take Profit.
  • They cover your deposit and withdrawal fees, so that the amount you deposit or withdraw is the amount you receive.
  • Negative Balance Protection means you can never lose more than you invest when you trade Ripple CFDs at easyMarkets.
 easyMarkets launches Ethereum and Ripple.
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