Connect with us

Industry News

Win 5000 USDT by trading demo funds with PrimeBit!

PrimeBit is the top choice to exchange contracts on Bitcoin, Ethereum, and Litecoin online. The PrimeBit trading app lets you buy or sell crypto contracts anytime, anywhere. Sign up with your email today and join the PrimeBit Demo Trading Contest, which will run from October 19, 2020 to November 15, 2020. A total of 5000 USDT…

Don’t miss out on the PrimeBit Demo Trading Contest

PrimeBit is the top choice to exchange contracts on Bitcoin,
Ethereum, and Litecoin online. The PrimeBit trading app lets you buy or sell
crypto contracts anytime, anywhere. Sign up with your email today and join the PrimeBit Demo Trading
Contest
, which will run from
October 19, 2020 to November 15, 2020. A total of 5000 USDT prize pool is up
for grabs!

Want to join? It’s easy. Just create a free demo trading account
at PrimeBit using your email address. After sign-up, you will get a 5000 USDT
demo deposit on your demo account. All you have to do is trade using the demo
funds and get as much revenue as you can. There is no risk, and you don’t need
to deposit real money.

Traders with the highest generated income during the contest
periods will grab a share in the 5000 USDT prize pool. The main prize is 1000
USDT and side prizes will be given away each week (amounting to 1500 USDT).

What’s more, all traders who join PrimeBit between September 21
and November 15 will get a live trading account with free commissions for 14 days starting November 16. Check our platform without investing
anything. You can earn real cash just by trading on demo funds!

What Is a Demo Account?

A demo trading account is a great way to practice trading and get
to know more about the trading environment without any risk. You can see how
the market works and experience real-time trading flows with actual market data
without using any real capital.

Here are reasons why you should consider getting a demo account.

Get experience:
Demo accounts run like a trading simulator where you are given demo or mock
funds in order to make a trade. This way, you can navigate the trading platform
and see how the trading process works without risking any real money.
Familiarize yourself first with the basic processes like how to open and close
a position, apply stops or limits, and learn about margin requirements. All of
these just by using demo funds.

Practice trading with zero risk: Although demo accounts run on demo funds, they use the same
real-time market data that the live accounts use for actual trades. After
learning the basics, you can practice trading real instruments like Bitcoin and
see how the market moves and check your positions.

Learn charting and trading tools: It’s important for traders to use the necessary
tools that can help to arrive at sound trading decisions. With a demo account,
traders can take their time to learn the tools and charting mechanics of a
platform even before making a deposit.

Test trading strategies: A demo account is the perfect tool for beginners and seasoned
traders in coming up with trading strategies with zero risk. They can easily
put their trading ideas to the test in real market conditions and see if they
work as the market develops. Thus, traders can hone their trading skills and
decision-making to end up with profitable trades in the future.

Sign up today and join thePrimeBit
Demo Trading Contest
from October 19 to November 15. Just trade any of our contracts
using the contest demo account and earn real rewards (5000 USDT prize pool)
without making a single deposit. Don’t miss out!

This
article was submitted by PrimeBit.

For bank trade ideas, check out eFX Plus

Continue Reading
Advertisement

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.

Continue Reading

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

Continue Reading

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

Continue Reading

Trending