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Which currency pair is most profitable in forex 2020?  – About Manchester

The foreign exchange market is one of the busiest systems working daily while generating the most substantial amount of revenue in the business world. The foreign exchange market, dubbed as the Forex market, is mostly involved in trade between pairs of currencies of different countries. The forex has risen steadily over the years into a…

The foreign exchange market is one of the busiest systems working daily while generating the most substantial amount of revenue in the business world. The foreign exchange market, dubbed as the Forex market, is mostly involved in trade between pairs of currencies of different countries. The forex has risen steadily over the years into a system that facilitates the exchange currencies globally. The foreign exchange market is a global financial market, which reflects the economic dynamics of the business world.
The choice of which currency pairs to trade is not easy since market has a sheer number of currency pairs. As such this, will leave you overwhelmed, not knowing which currencies to trade. So, to help with this, here is an article on currency pairs with the best returns in the 2020 forex. Also, this article will explain the major Forex currencies and whether they are profitable or not.

What is involved in trading currencies?

Forex trading or – currency trading involves the act of either buying or selling a currency. To engage in this trade, then you’ll need to have all the relevant information on the kind on the currency pair you are trading. In simple words, this information is how much a currency is worth in relation to the currency being purchased. This information is necessary as it defines not only currency pairs but also the type of relationship currencies share.
Currency pairs are quoted as having two currency abbreviations. Say you had a currency pair abbreviated as “EURUSD.” The EUR, in this case, is the base currency, and the US dollar would serve as the counter currency. Currency pairs are often followed exchange rates that show how much the base currency trades for. An example of this is EURUSD 1.20 meaning that a Euro trades for $1.20

What are the 7 major currency pairs?

The United States of America has the strongest dominant currency worldwide since it’s a reserve currency. Also, its domination is brought about by the sheer size of America’s economy. As a result, these factors make the US dollar a preferred currency used to pair along with other currencies. Examples of major currencies include:

• The Euro and the US Dollar (EUR/USD)
• The British Pound and the US Dollar (GBP/USD)
• The US Dollar and Swiss Franc (USD/CHF)
• The US Dollar and the Canadian Dollar (USD/CAD)
• The US dollar and the Japanese Yen (USD/JPY)
• The Australian Dollar and the US Dollar (AUD/USD)
• The New Zealand Dollar and the US Dollar (NZD/USD)

The above currency pairs are not the best currencies to trade. Instead, they are regarded as the ones with superior liquidity and profit margin to trade. Further, the values of the above currencies tend to fluctuate due to reasons like trading volumes between the respective countries.
Aside from trade volume, the above currencies are also associated with countries with financial dominance. As a result, this makes the above pairs the most volatile currencies that exhibit the highest fluctuations. So, does this mean they are the best to trade? Not necessarily, since currency fluctuations can either return a loss or a profit.

Which currency pair is most profitable in Forex?

There are more than 200 currencies worldwide that you can trade. Out of these, there are only a handful of full currencies that can return the highest profits. These include

The EUR/USD

Dubbed as the safe haven of currency exchange is the EUR/USD currency pair. This pair has the highest liquidity and can be easily predicted. This currency pair is sensitive to fundamental factors like the monetary policies of the Us, and the EU central banks. The value of this pair can also be predicted based on
• The economy of both the US and the EU
• Liquid derivatives between the EUR and USD

The USD/JPY

Next in the list is the (USD/JPY). The pair acts as the top currency quote in the Asian world. As such, this makes it a worthy competitor to the previous pair. The USD/JPY ranks second in the liquidity of the foreign exchange market as it accounts for 17% of transactions in the currency market.
Pros of trading the USD/JPY.
• Has high liquidity almost like the (EUR/USD)
• Easy to predict price dynamics by using technical analysis
• The USD/JPY ranks second as volatile currency pair in the market, hence offering a lot of fluctuations.

The GBP/USD

After the USD/JPY quotes are the GBP/USD, the USD/JPY currency pair accounts for about 12% of the world’s traded currencies. The GBP/USD is characterised by unstable prices that are also volatile. As such, this makes it a famous pair for aggressive and strategic traders focused on quick profits. Note that this currency pair is mostly affected by the British economy. Also, it is dependent on the actions of the US federal reserve and the bank of England.

The (AUD USD) and the (USD CAD )

Last in the list is the AUD/USD and the USD/CAD currency pairs. These currencies are correlated with the prices of gold and oil, the dominant producers of oil, and gold.

What are Cross Currency pairs?

Cross-currency pairs are currencies that trade without the US dollar. This includes a long list of currencies like the AUD/NZD and the EUR/AUD. These currencies are susceptible to various factors. Hence it would be wise to back off if you don’t have complex technical analysis.

The Bottom Line

As seen above, the dynamics of the Forex is an exciting subject to study, that has high interest rates that will increase your financial fortunes. As globalisation continues to grow, the fate of these currency pairs are intimately connected. So, be sure to make a proper survey of the Forex before investing a penny in the market.
The Forex exchange is as risky as gambling. As such, one should start virtually on a demo account; this should give you hands-on experience and allow you to identify the best pair that works for you. To do this, open a dummy account and trade on live markets when you are ready. Lastly, once you understand the Forex you could also check out the best time of day to buy cryptocurrency.

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Online Trading platform SIRIX

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SIRIX|  Online Trading platform SIRIX Review

[yasr_overall_rating]

Everyone that has been trading for some time has most likely traded on the metatrader 4 trading platform of metaquotes. This has been the standard in the industry for the last couple of years.

 

But more and more brokers Like CMSTrader and UBCFX are offering alternatives that might suite certain traders even better then the MT4 as they have a lower learning curve and are designed more intuitive.
One of these platforms is the Sirix Trading Platform.
The Sirix Trading platform is

Sirix, a fully packed trading software with numerous with numerous options and special indicators that are designed by the software company to present you with a personalized trading experience.

Positive features and benefits of the Sirix Trading Platform

Ease of Use: if you are a trader you will be able to access your Sirix trading platform and see all your trades and other information at any place and time. The Web-trader is a fully function trading platform that does not require you to do any download. This has more or less become the norm of the industry and if you for example take the Sirix Trading platform of LegacyFX you will be able to have a download desktop version, a web version and a mobile version.
these in general all have the same functionalities but of course is the mobile version a bit more limited due to the smaller screen real estate.

Indicators and Options: this platform provides build I more than 50 Indicators which for most traders is over kill but it does allow most traders to find the right indications to match their trading behavior and trading strategies.

The Charting Package that Sirix provides is easy enough to understand and gives you as a trader all the information you need, there are different time frames that in combination with the ability to display lines and annotations make this platform feel like it is designed for you.

Social Trading: Sirix has a full feature social trading module that allows you to watch the trades of others which might give you new insights and trading ideas. If you come a across a trader that is particular successful you are able to copy that traders’ trades and create a full automated copy trader,
You as the trader are still in charge and you have the option to trade with lesser or higher amount then the trader you are copying.
In order to use the social trading, you have to open an account with their social trading community.

This can only be done by using a nickname an order to protect you identity. When you are part of the community then you are part of all the brokers that offer this feature to their traders. Meaning you are able to follow a trader that is trading with 12trader while you are trading with account from UBCFX or any other broker that has Sirix.

Now I have to mention that if you look to only trade social then the Etoro Platform is still a better solution s this system is built only for social trading and they have pretty much defined the concept.

 


Sirix Crypto Trading Platform

this is the latest platform that was launched by Leverate.

it focuses , just like the name says more n the trading of cryptocurrencies.

as this company understands that this is the direction where the market is going and more and more traders are asking for trading in Bitcoin or ripple trading to just name a few they have added this feature to the Sirix Platform , this means that every broker that has the sirix trading platform is in theory able to offer trading in cryptocurrencies.

in addition they have launched also a platform that is only trading cryptocurrencies but that will be another review as i have yet to see and play with this system


Conclusion
The Software company Leverate has created a very user friendly platform with inbuilt social trading and news functionality. When they launched this platform in 2012 it was already a good platform but today it rivals the best of them easily.

The Intuitive aspect of this platform is one of the key features and makes the threshold of trading lower for newbies. There is also a fastn amount of Sirix Tutorials out there that will help even the total beginners with the Sirix Platform

Now of the traders that need bots and more indicators then there sis still nothing that beats the metatrader 4 trading platform but for many traders Sirix offers more then enough and makes the trading experience easier then with MT4.
More and more brokers are offering this alongside their other trading platform so you as a trader will come across more and more brokers that have the Sirix Trading platform in their arsenal.

These are some of the Best Broker for trading on Sirix

UBCFX
LegacyFX
12Trader
CMStrader

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Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Bringing DLT Specialists Together:

 

 On September 11, Sweden will host Blockchain & Bitcoin Conference Stockholm organized by Smile-Expo – international coordinator of business events.

The conference will introduce various topics regarding blockchain and will drive attention to the most topical problems of the cryptocurrency market today.

Key speakers:[yasr_overall_rating]

One of the invited experts is the Member of Swedish Parliament Mathias Sundin who is involved in the Tax Committee and the Finance Committee. The specialist has co-founded a revolutionary technological organization Warp Institute and joined financial company Goobit. At the event, the speaker will analyse the power of decentralized systems, evaluating its long-term strenghts.

Head of Digital and Innovation at Landshypotek Bank Merete Salmeling will deliver the presentation, too. She will explain how DLT can be integrated into the real estate, and what advantages it brings.

President of Blockchain Alliance Europe Tanja Bivic Plankar will join the conference as well. Being an initial coin offerings expert, she will share knowledge about ICOs, describe recent innovations in the token sale sphere and talk about the regulatory framework.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

Regulatory and legal challenges coming with innovations will also be discussed by Dr. Guenther Dobrauz-Saldapenna – Partner & Leader PwC Legal Switzerland. The speaker is a lawyer, VC investor, and banking specialist. He provides business consultations and has already written 10 books discovering innovative processes, money and technology.

See the full list of Key speakers here

Blockchain & Bitcoin Conference Stockholm is the second crypto event in Sweden carried out by Smile-Expo. The company has already held 40 successful crypto conferences in 25 countries.

Use an opportunity to meet leading DLT specialists, ask questions and learn new topical information about the blockchain industry at first hand at the conference!

Blockchain & Bitcoin Conference Stockholm

Details of the event and registration are available on the official website of Blockchain & Bitcoin Conference Stockholm.

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Go Visit the Blockchain & Bitcoin Conference Stockholm

Go Visit the Blockchain & Bitcoin Conference Stockholm

The Blockchain & Bitcoin Conference Stockholm is a highly anticipated crypto event in Sweden.  and is being held for the second time.

after the success of the first one they look to make this event a annual one.  since the crypto industry is going more and more out of the shadows and becomes more mainstream you will find that the quality of people involved also grows.

this is clearly displayed in the extensive list of speakers at this event.

Event goals:

bringing together the international business community in order to share their experience of integrating blockchain and cryptocurrencies; discussing blockchain industry issues and finding ways to solve them; encouraging a balanced growth of the cryptocurrency market.

Conference topics: 

  • blockchain in various sectors: energy industry, real property, newsmaking etc.
  • Legal regulation of the blockchain sector
  • token models and their application
  • ICO regulation.

Speakers:

the list of world-renowned blockchain experts, including government officials, foreign investors, entrepreneurs, lawyers, and developers is impressive and should get this event the notice it deserves.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

who should not miss this Event :

investors, business people, lawyers, startup founders, and those aiming to launch a token sale.

why should not miss this Event :

:to receive full information with case studies about the blockchain application, to discover how to comply with the legal norms in the blockchain industry, to find business partners, and to enhance your brand awareness.

Prices of the Event

Standard ticket  – 240 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

Student ticket – 121 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

A valid student ID should be presented at check-in. No refunds on the day of the event.

Buy Your ticket Now


Blockchain & Bitcoin Conference Stockholm is a part of the series of Blockchain World Events held in 25 countries. The organizer is Smile-Expo International Company.

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