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Forex Trading in Slovenia • Forex Strategies • Benzinga

When most people think of Slovenia, the first image that comes to mind is the country’s gorgeous mountain landscapes and luxe ski resorts. Forex traders in Slovenia can easily access the forex market with sweeping protections from the European Union. If you’re interested in learning more about forex trading, be sure to read our guide…

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When most people think of Slovenia, the first image that comes to mind is the country’s gorgeous mountain landscapes and luxe ski resorts. Forex traders in Slovenia can easily access the forex market with sweeping protections from the European Union. If you’re interested in learning more about forex trading, be sure to read our guide before you enter the market. 

Get Started with Forex in Slovenia 

Before you can trade forex, you’ll need to open your first brokerage account. A brokerage account will allow you to access the forex market through your broker. Here are the basic steps you’ll go through when you open your brokerage account.  

  • Step 1: Connect to the internet. Most forex brokers now allow you to open your brokerage account entirely online. Make sure that you have a stable, private connection to the internet before you open your account.
  • Step 2: Compare brokers. There are many international brokers offering services to investors in Slovenia. Compare at least 3 brokerage options operating in your country before you choose where you’d like to open an account. Be sure to know and understand each broker’s fee schedule, account requirements, regulatory status and available currencies before you submit your personal information and open your account.
  • Step 3: Download your trading platform. Though many brokers offer their own customizable proprietary platform, some brokers require that traders use a 3rd-party software to trade. If you aren’t sure which platform is right for you, you might want to begin with MetaTrader 4 or 5. These platforms are some of the most widely used and accepted in the forex sphere, and are supported by most international brokers.
  • Step 4: Deposit trading funds. Before you can place your first trade and start using your brokerage account, you’ll need to deposit trading funds. Most traders in Slovenia accomplish this by directly depositing via a bank transfer, but you may also be able to fund your account with an electronic wallet or debit card depending on your broker.
  • Step 5: Make a trade. Once your deposit shows up in your trading account, you can place your first forex trade. 

Slovenia Forex Trading Strategies

There are 2 major forex market analysis methods used by traders who hold the euro as their base currency: fundamental analysis and technical analysis. Let’s take a look at some of the differences between the 2 and what you’ll need to get started with each.  

Fundamental Analysis

A strong economy typically results in a stronger national currency. Traders who use fundamental analysis as their primary market analysis strategy spend their time analyzing the underlying factors that influence a currency’s movement. They look at economic reports and political election data to determine the relative strength of each country’s economy. Some primary sources that a trader using fundamental analysis might look at include:

  • GDP reports
  • Unemployment rates
  • Consumer confidence indexes
  • Non-farm payroll data

Traders using fundamental analysis examine primary economic sources to predict how currency values will move.

Most traders who use fundamental analysis take a long-term approach to trading. To get started with fundamental analysis, you’ll need a regularly updated source for international news and economic data. 

Technical Analysis

Traders who use technical analysis as their primary market analysis method typically don’t spend a lot of time examining economic reports. Instead, they use chart patterns and candlestick formations to predict how currencies will move over a short period of time. There are many chart patterns that a trader might look for, including:

  • Head and shoulders tops and bottoms
  • Reversal candlesticks
  • Ascending, descending and symmetrical triangles
  • Cup and handle

The cup and handle pattern is for traders using technical analysis.

To begin with technical analysis trading, you’ll need recent currency exchange rate data and a trading platform with charting capabilities. 

Forex Trading Example in Slovenia 

Forex traders earn money by strategically exchanging 1 currency for another. For example, forex traders might sell euros against another currency when they think the euro is strong and then buy it back when it weakens. Let’s take a look at an example.

Julia opens a brokerage account, which she funds with €10,000. Her broker provides her with 10:1 leverage, which means that she can place trades worth up to €100,000 if she chooses. Julia thinks that the value of the British pound will soon rise in relation to the euro, so she decides to take a position controlling the equivalent of €10,000 worth of GBP using her leverage.

One euro is currently equal to 0.9100 GBP. Julia uses her margin to control the equivalent of €100,000 into pounds, which is a position currently valued at £91,000. Julia keeps her eyes on the value of the EUR/GBP pair — when 1 EUR equals 0.8990 GBP, she decides to cash out and take her profits. Closing out of her position leaves her with control of her original deposit plus €1,223 in profits. Julia has earned a total profit of €1,223 on this trade.

Making Money with Forex in Slovenia 

As a member of the European Union, traders in Slovenia enjoy many broker protections, including negative balance protection to limitations on leverage trading from both the European Union and the Bank of Slovenia. Forex trading is legal, and you can deposit as much money as you wish into a local or international forex trading account.

Forex trading still involves a certain level of inherent risk. Limit your risks by following these best practices.

  • Watch your leverage usage. Though you might be able to access leverage as high as 30:1, this level of leverage can quickly result in a margin call. Be careful when using leverage, especially when you first start trading.
  • Practice your strategy. Most brokers operating in Slovenia allow you to test out your trading strategy using a demo account before you commit any of your own money. Be sure to master your unique trading strategy before you enter the market.
  • Stick to the major currency pairs. Trading major currency pairs (for example, the EUR/USD) will prevent you from losing large amounts of money through volatility. It’s better to stick with major currency pairs before moving on to trading less liquid minor currency pairs and crosses.

Best Online Forex Brokers in Slovenia 

No matter where you trade from, it’s important to choose a qualified and regulated forex broker. As a member of the European Union, investors in Slovenia have a wide range of brokers they can choose from when they decide to start trading currencies.

Not sure where to begin? Get started by browsing a few of our top-recommended brokers offering services to traders in Slovenia below. 

Forex Terminology

One of the first things that you’ll notice when you begin researching how to trade forex is that forex brokers and investors seem to have their own language they use to discuss trades. Familiarizing yourself with a few of the most common forex terms you’ll see will help improve your trading capabilities.

  • Pip: A pip is the smallest movement in a particular currency pair’s exchange rate. In most cases, a single pip is calculated to the 4th decimal place. 
  • Lot size: A lot size is a standardized trading amount equal to 100,000 units of your base currency.
  • Orders: When you want to buy or sell a currency pair, you’ll do so by placing an order through your broker. Your order tells your broker your amount, the exchange rate your order should be executed at (if you aren’t placing a market order) and which currency pair you’re trading.
  • Margin calls: If you use leverage to trade and your trading amount drops below a certain value, your broker might subject you to a margin call. If you receive a margin call, you must either immediately close out of your position or deposit more capital into your account to cover your trading losses. EU regulations limit the amount of leverage traders in Slovenia can access due to margin calls and the potential for realized losses. 

Safely Trading Forex in Slovenia 

The key to entering the forex market is a solid trading strategy. Though you’ll enjoy international regulations when you trade from Slovenia, this doesn’t mean that you’re guaranteed to earn money when you trade forex. Be sure to practice your trading strategy using a demo account before you risk any of your hard-earned money on the market. 

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Industry News

School4Trading Review – How to Spot Possible Forex Broker Fraud

School4trading Review

School4Trading Review – How to Spot Possible Forex Broker Fraud

In this School4trading Review, we will look at the features of the software, as well as the customer support. First, let us look at the interface. The design is simple and easy to navigate. It also provides a chatbot, which helps you to communicate with the broker. The customer service is warm and inviting, which is a hallmark of a good broker. In contrast, a fraudulent broker will use cold and impersonal customer support to lure people in.

Another problem with the system is that the login process is not always intuitive. You may have to retype your password several times to get in. Then, you may experience difficulties withdrawing your funds or accessing your account. In such cases, you might have to wait for days or even weeks before you can withdraw the money you’ve invested. This is not a good sign. It’s better to choose a different trading platform altogether.

If you’re having trouble logging in, you should also check the legitimacy of the broker. Whether the broker is licensed by a reliable regulatory body or closed down, you’ll want to be sure it’s legitimate. If the broker isn’t licensed by the right body, don’t trust him. You shouldn’t waste your time with an inexperienced company. This will only cause you problems in the long run.

The next factor that should be checked is the licensing. A legitimate broker will have a license from a high regulatory body. However, a broker without a license will be unreliable. Moreover, a reliable regulator will take away the license of a scam broker. As a result, a trustworthy School4Broker/Profittrade review should mention fees, account rules, and contract terms. A scam broker will be unable to operate legally.

Secondly, look for warning signs. The broker should be licensed and regulated by a reliable regulatory body. It should be regulated by a high level. If it doesn’t, it’s a scam. Lastly, it should have a website that lets you easily access your account. Moreover, you should not hesitate to check the contact information. If you find any information that seems suspicious, you should reconsider using the broker.

In summary, Forex trading isn’t easy, but it doesn’t have to be complicated. It’s not as difficult as it seems if you’ve heard about the program. You’ll learn everything about the basics and how to become a professional. But if you’re still unsure about whether this program is right for you, don’t hesitate to contact a school4trading’s website.

The most important thing to remember when it comes to Forex trading is that it’s not easy. While it’s important to have a strong background in trading, there are a number of factors that can affect your success. Having a proper plan is vital in the long run, because you will be trading with real money. And, the platform should be reliable. Otherwise, you’ll end up losing a lot of money.

As we’ve mentioned, Forex is not easy. Investing isn’t something you can do in the comfort of your own home. You need a proven system. There are no free trials, so you’ll have to find a way to do it yourself. This isn’t a scam, and it’s a great way to make money without any help. A Forex system can help you learn the intricacies of the market.

Although the process of learning Forex isn’t an easy one, it’s certainly not impossible. Fortunately, there are many people who are willing to take the time to learn how to trade. But, even the most experienced trader needs to be aware of the risks of the market. While Forex trading isn’t easy, it can be done with the right knowledge. The software’s user-friendly interface is key.

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Daily Financial News

Don’t Count On JPY Correction; Staying Long GBP/JPY

The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.

While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.

Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.

Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.

JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects

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Daily Financial News

Mexico raises interest rates, cites Trump as risk

The head of Mexico’s central bank says U.S. Republican candidate Donald Trump represents a “hurricane” sized threat to Mexico.

Banco de Mexico Gov. Agustin Carstens told the Radio Formula network Friday that a Trump presidency “would be a hurricane and a particularly intense one if he fulfills what he has been saying in his campaign.”

Trump has proposed building a wall along the border and re-negotiating the North American Free Trade Agreement.

Mexico’s central bank raised its prime lending rate by half a percent to 4.75 percent Thursday, citing “nervousness surrounding the possible consequences of the U.S. elections, whose implications for Mexico could be particularly significant.”

Mexico’s peso had lost about 6 percent in value against the dollar since mid-August. It recovered slightly after the rate hike

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