Most brokerage clients lost money in August 2023. But how much?Finance Magnates launches a new series of monthly analyses. Investing is a zero-sum game, where one person's win is another's loss. The majority of retail investors lose money, a fact underscored by risk warnings on nearly every regulate

Yesterday, FXCM UK officially changed its name to Stratos Markets.In the meantime, the Cypriot branch had changed its name to Stratos Europe. The British branch of broker FXCM, previously operated by Forex Capital Markets Limited, announced a name change to Stratos Markets Limited on Sunday, 10 Sept

When choosing a forex broker, some traders may be more concerned about the trading conditions, while others may be more focused on technical support, and friendliness of features. But for most beginner traders or users who are entering into forex trading, reliability and legitimacy may be more impor

Journey into the dynamic realm of forex trading with us as we dissect the GBP/USD 30-minute chart. This exploration unveils critical technical levels, shedding light on significant support and resistance areas that can steer your trading decisions. Support Levels: 1.26818: The initial ba

Aud has reached session high and also in our p line zoneR:R 1:3SL 10 PIOTP 30 PIP

Market created New high made resistance support followed buy a series of higher highs in the market.

We see a pattern forming. Its still in process and would open a position if it gets to happen. Inverse head and shoulder.

USDJPY has gauged an intermediate cushion after a perpendicular sell-off to near 134.40 in the Asian session. The asset witnessed massive selling pressure after neutral interest rate guidance came from the FED post a widely anticipated 25 bp rate hike. The pair adds to its heavy weekly losses and dr

The intersection of the golden ratio and 1.272 ratio is the answer kepler's triangle is on brief as always

The monthly chart has played out to the pip and found support at 1.05162. However, I think it is wise to wait for the potential USA and ECB bank contagion to play out first. With the ECB on tap tonight and the FED next week, we are in for a bumpy ride.It would appear that there is a degree of safe h

Fundamental Backdrop 1. The Bank of Japan left interest rates unchanged, showing a very big interest rate differential between JPY and USD, weakening the JPY. 2. There are also signs that inflation has sustained above BOJ’s 2% target. Technical Confluences 1. The overal

After a strong bull breakout confirming the trend line breakout, I'm looking to bid this market at 1.74495, the 61.8 fib retracement and a level of previous reaction. My stop will be placed beneath swing low and I'll be targeting the swing high, which is slightly below ATR and about a 61.8 fib exten

I have a scaled chart here for EURUSD. Firstly we have Andrews pitchforks off major pivots. Then on the last impulsive move I have a fib arc covering the whole swing. I believe this chart clearly shows euro is heading for 1.12 USD. This weekly close is crucial. If it breaks trend it will probably ta

EURJPY: Long Position Confirmation. In EURJPY daily time frame chart, an uptrend is ongoing. Market is recently tested the major structural support of 137.500. A Bullish Engulfing candlestick is shown after testing structural support. Bullish engulfing candlestick shows the entry of buyers in the ma