Messages

1

Trading / USD/CHF Analysis

« on: October 26, 2023, 05:24:19 PM »

The USD/CHF pair bounced bullishly to breach the 0.8968 level and settled above it, which stopped the correctional bearish scenario and led the price to rise and build a bullish wave. Its targets begin by testing 0.9066 areas.

Therefore, we expect to witness more bullish bias in the upcoming sessions, supported by moving above the EMA50, noting that it is important to hold above 0.8968 to continue the expected rise. The expected trading range for today is between 0.8920 support and 0.9060 resistance.

2

Trading / EUR/JPY Analysis

« on: October 26, 2023, 05:20:59 PM »

The EUR/JPY pair continues to face a stochastic negative below the 50 level, and we look for continued movement above additional support at 158.55, with a possible upside initially targeting 159.35 and then reaching the resistance line at 160.00. Increased the possibility of trying.

Facing negative pressure and attempting to achieve a negative close below the current support, the price will incur significant losses, initially falling towards 157.80 and then 157.00, which has recently become an important support. Attacks on this level are expected against a strong attempt. Today's expected trading range is 158.50-159.35.

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Trading / Re: Digital Commodities Exchange!

« on: October 26, 2023, 04:53:58 PM »

I don’t pay attention to crypto trading because of the statistical edge that forex brokers have. Anyone can trade with them regularly. I feel that many things defraud traders in crypto. Still, I prefer the dependable FreshForex broker, which offers excellent customer support.

4

Trading / Re: Market Marshal

« on: October 26, 2023, 04:50:31 PM »

I haven’t heard anything about Market Marshall since I started trading with FreshForex. I believe as a new trader, you shouldn’t delve into several things. You should focus on one platform that you find legitimate. For me, FreshForex fulfills all I need in a broker.

5

Trading / Re: Altcoin Trading

« on: October 26, 2023, 04:47:53 PM »

There are several coins worth trading, but I can’t trade crypto because I don’t feel comfortable with the market. Nevertheless, forex trading is the best market. Importantly, I trade with FreshForex because of their transparency and quick market execution. You can participate in the FreshForex birthday challenge to win amazing prizes.

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Trading / USD/JPY Analysis

« on: October 26, 2023, 02:10:47 PM »

USD/JPY is again retesting the psychological 150 mark, slightly below the 2022 high of 152.00. There is no sign of a reversal of the uptrend; the pair continues to make higher highs and higher lows, albeit gradually. USD/JPY continues to hold above the 200-period moving average (at about 148.75) on the 240-minute chart, around Tuesday’s low of 149.25. A break below 148.75–149.25 would confirm that the upward pressure had faded in the interim. USD/JPY would need to crack under the early-October low of 147.35 for a more sustained consolidation. On the upside, a decisive break above 150.00–152.00 could open the door toward the 1990 high of 160.35.

7

Trading / GBP/JPY Analysis

« on: October 26, 2023, 02:09:08 PM »

GBP/JPY has gone sideways recently but continues to hold under a significant converged hurdle at the mid-October high of 183.75 and the upper edge of the Ichimoku cloud on the daily chart. As highlighted in the previous update, the recent correction lower since August is a sign of consolidation within the broader uptrend and not necessarily a sign of reversal. The cross has major support at the July low of 176.25, which could limit extended weakness.

8

Trading / Re: BTC Spikes

« on: October 26, 2023, 02:01:10 PM »

Yes, it is possible to experience a spike in the cryptocurrency market. However, trading FX with FreshForex gives me leverage to protect my capital. It’s true that spikes also happen in forex trading, but not as frequently as in crypto. You can currently see which FreshForex traders purchase currency and which ones sell it.

9

Trading / Re: Best Exchange !!!

« on: October 26, 2023, 01:59:55 PM »

While I have not been able to trade crypto on FreshForex, forex trading is top-notch on this platform. Here, you may get the fastest transactions, the lowest commissions, and a wide range of recharge and withdrawal options.

10

Trading / Re: Bitstamp | Reduced Fee Schedule

« on: October 26, 2023, 01:58:53 PM »

I have heard about Bitstamp before but I am comfortable trading with FreshForex because they have the lowest spread of 0.00 pips and leverage of 1:2,000. In addition, they provide you with education materials, great signals and everything else needed to earn profit as you trade.

11

Trading / What is a good Forex broker that allows you to practice trading without depositi

« on: October 26, 2023, 08:45:31 AM »

One good Forex broker that allows you to practice trading without depositing money is eToro. eToro offers a virtual trading account that allows you to trade with virtual funds using the same platform as a live trading account. This means you can practice and develop your trading strategies without risking any of your own money.

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Trading / What is the difference between a high and low-spread broker in foreign exchange?

« on: October 26, 2023, 08:41:26 AM »

A high-spread broker has a larger spread, or the difference between a currency pair's bid and ask prices. This type of broker typically makes more money from each trade due to the larger spread. A low-spread broker has a smaller spread, meaning less money off each trade. Which is better depends on the trader. A high-spread broker may be better if a trader wants to make a quick profit.

On the other hand, if a trader is looking to take a longer-term approach, then a low-spread broker may be better. Traders must research and compare brokers to find the one that best suits their trading style and goals. LMFX is a reliable and trusted broker, offering excellent services and features. The broker constantly seeks to improve its services and provide traders with the best possible trading experience. Whether you are a beginner or an experienced trader, LMFX is the perfect choice for your trading needs.

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General Discussion, Non Crypto Stuff / Re: forex broker

« on: March 30, 2023, 07:52:51 PM »

In Bangladesh, trading in Forex is allowed to conduct business; the currency must be exchanged. However, I have been using FreshForex broker for several years, so you can check it out.

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General Discussion, Non Crypto Stuff / Re: How do I know if I can trust a forex broker?

« on: March 30, 2023, 03:14:38 AM »

Best way to know from any professional guy, especially those who have good portfolios. Though you can also choose the Trustpilot website but sometimes it might be fake so the professional guy is really authentic.

https://freshforex.com/

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General Discussion, Non Crypto Stuff / Re: Who are some good, legitimate, regulated forex brokers?

« on: March 29, 2023, 07:52:44 PM »

FreshForex is regulated throughout the world, including with ASIC and the FCA. They offer MT4, MT5, and cTrader platforms on desktop, mobile, and web. Also, AvaTrade has strong regulations, offers 30 different languages, has many different account types, including Islamic ones, and has small trading costs.