OFXT is here to help you in your path to becoming a forex trader or broker. Our goal is to help you learn, practice, and master the art of currency trading. It's important to understand currency pairs such as the EUR/USD, USD/CAD, GBP/USD, USD/JPY, or other major currencies, and how the economies of each country impact one another. There is a high amount of risk involved in FX trading, for more information, please see our risk disclosure policy. Choosing a forex brokerage, signal provider, or charting software are difficult decisions, so we've established a set of reviews based on a variety of criteria for evaluating their credibility. Foreign currency trading is different from futures, options, or stock trading, and it's important to understand the terminology. We hope you will continue to learn to trade with us, and if you ever have questions, please drop us a line.
Canadian English, like American English, used the slang term "buck" for a former paper dollar. The Canadian origin of this term derives from a coin struck by the Hudson's Bay Company during the 17th century with a value equal to the pelt of a male beaver – a "buck".[10] Because of the appearance of the common loon on the back of the $1 coin that replaced the dollar bill in 1987, the word "loonie" was adopted in Canadian parlance to distinguish the Canadian dollar coin from the dollar bill. When the two-dollar coin was introduced in 1996, the derivative word "toonie" ("two loonies") became the common word for it in Canadian English slang.
This forex chart for US Dollar / Canadian Dollar (USDCAD) is updated continuously during market hours. The USDCAD currency charts are available in bar chart and candlestick chart formats to help highlight price trends and price movement. Technical analysts will want check out the technical indicators and studies under the options menu. View the reciprocal forex rates chart (Canadian Dollar - CAD / US Dollar - USD) by tapping the link near the symbol (USDCAD). You can customize the forex quotes table below to display your favourite currency pairs. Just choose "manage favourites" in under the "Select Currencies" menu.
Assume that a hedge fund holds 20 stocks in a portfolio and allocates 5% of the portfolio to each stock. At the end of each month, they rebalance the portfolio so that each stock once again represents 5%. They do this by selling stocks that have a higher than 5% allocation, or buying stocks that have a lower than 5% allocation. Some stocks may be dropped from the portfolio, and others added. Any new stocks that are added will be allocated 5% of the portfolio.
Precious metals prices can and do change throughout the day. Bid and ask prices shown here represent the last published prices per ounce your computer retrieved. Monex monitors marketplace activities and adjusts its Ask, Bid and Spot prices as much as 50 times or more throughout its 11-hour trading day. In active market conditions when metal prices can become extremely volatile, prices can change almost continuously, moving up and/or down many times in a single minute, and for hours on end.

Any news,messages, opinions, charts, prices, analyses, or other info on this website shouldn’t be taken as a piece of investment advice but provided as general information for entertainment and educational purposes. The site should not be wholly relied on for extensive research before making personal trading decisions. Any content on this website is subject to change without notice. Learn 2 Trade won’t accept liability for any damage, loss, or profit loss as a result of the use or relying directly or indirectly on such information. We don’t recommend only the use of technical analysis for making trading decisions. Neither do we recommend hurried trading decisions. Always understand that past performance doesn’t guarantee future results.
Precious metals prices can and do change throughout the day. Bid and ask prices shown here represent the last published prices per ounce your computer retrieved. Monex monitors marketplace activities and adjusts its Ask, Bid and Spot prices as much as 50 times or more throughout its 11-hour trading day. In active market conditions when metal prices can become extremely volatile, prices can change almost continuously, moving up and/or down many times in a single minute, and for hours on end.
Japan has made the biggest progress on this issue, officially recognizing bitcoin as a means of payment. In China only individuals can use this cryptocurrency. In the European Union transactions with bitcoin are considered as payment transactions with currencies, coins and banknotes, so bitcoin is not a taxable asset in Europe. By the way, taxation is one of the crucial points. Capitalization of the cryptocurrency market has reached record values and continues rising. Not a single machinery of government will leave such a profitable market untaxed.
Bullion bars and coins are sold at Monex Ask prices, which are subject to a buy charge. An “Ask” price is a dealer quote inviting an investor to buy, and “Bid” is a quote at which the investor would sell. The difference that the Ask price is greater than the Bid price is the dealer's bid-ask spread. Common industry practice is to reference a “Spot” price, which benchmark relates to a per-ounce price of the current (“Spot”) month on a commodity futures exchange for bulk industrial grade pure bullion for immediate delivery.
Continuation Forex candle patterns are the ones that come after a price move and have the potential to continue the price action in the same direction. The truth is that continuation candle patterns are not very popular in Forex trading. The reason for this is that there are not many of them. In comparison, reversal candlestick patterns dominate the Forex charts.
The SPDR Gold Trust Shares (GLD) shows the greatest participation in all types of market environments, with exceptionally tight spreads that can drop to one penny. Average daily volume stood at 2.34 million shares per day in December 2017, offering easy access at any time of day. CBOE options on GLD offer another liquid alternative, with active participation keeping spreads at low levels.

By using the Forex Calculator, every trader can quickly and easily form the volume of the lot size, the price of a pip, leverage and so on. The big advantage of this trader’s calculator is that all options are already included in the software. When using the calculator there is absolutely no need to recalculate the parameters manually and needlessly risk to make a mistake.
Some platforms use pop-up order windows, while others allow you trade by clicking prices directly on a chart. Typically, to buy a currency pair, click on the offer part of the quote (the ask), and to sell, you click on the bid part. Some platforms allow you to choose market order or limit order after the quote window pops up, while others force you to make your selection beforehand.
For the 22 international forex brokers included in our customer service assessment, we conducted institutional-grade phone testing with the help of UK-based customer experience research group Customerwise. Over the course of six weeks, 330 phone tests were conducted across the UK (Note: brokers who do not offer any UK-based phone support were excluded from testing).
With so many ways to trade currencies, picking common methods can save time, money and effort. By fine tuning common and simple methods a trader can develop a complete trading plan using patterns that regularly occur, and can be easy spotted with a bit of practice. Head and shoulders, candlestick and Ichimoku forex patterns all provide visual clues on when to trade. While these methods could be complex, there are simple methods that take advantage of the most commonly traded elements of these respective patterns.
Past performance results are not necessarily indicative of future results. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The performance results of the demonstration ("demo") account displayed on this website imitating real time transactions made by investors using the investment products in real accounts, do not guarantee that same results would have been achieved if you were to imitate the foregoing transactions in real time using a real account. In fact, there are frequently sharp differences between performance results using the demo account and performance results achieved by using any particular investment product and third party trading signals in real account, due to factors related to the involvement of your broker in the transaction and technical limitations and capabilities, which are not under the control of DupliTrade. Finally, there are numerous other factors related to the markets in general or to the implementation of any specific investment product and third party trading signal which cannot be fully accounted for by past performance results. Prospective clients should be particularly wary of placing undue reliance on past performance results and should not base their decision to use any investment product and/or any third party trading signal solely on the past performance presented. The investment products described herein have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Therefore, in making an investment decision, prospective clients must also rely on their own examination of the person or entity making the trading decisions and the terms of the advisory agreement including the merits and risks involved.
The pattern is highly tradable because the price action indicates a strong reversal since the prior candle has already been completely reversed. The trader can participate in the start of a potential trend while implementing a stop. In Figure 3 we can see a bullish engulfing pattern that signals the emergence of an upward trend. The entry is the open of the first bar after the pattern is formed, in this case 1.4400. The stop is placed below the low of the pattern at 1.4157. There is no distinct profit target for this pattern.
There are also purely technical elements to consider. For example, technological advancement in cryptocurrencies such as bitcoin result in high up-front costs to miners in the form of specialized hardware and software.[87] Cryptocurrency transactions are normally irreversible after a number of blocks confirm the transaction. Additionally, cryptocurrency private keys can be permanently lost from local storage due to malware, data loss or the destruction of the physical media. This prevents the cryptocurrency from being spent, resulting in its effective removal from the markets.[88]
It's especially important not to be afraid of failure when trading in a Forex simulator. We have observed that some Traders open positions and if they obtain losses they open another demo account to replenish their initial balance. However, this isn't how you'd behave with a live account, and shows that you're probably not prepared to face the inevitable losses that Trading entails.
Ichimoku is a technical indicator that overlays the price data on the chart. While patterns are not as easy to pick out in the actual Ichimoku drawing, when we combine the Ichimoku cloud with price action we see a pattern of common occurrences. The Ichimoku cloud is former support and resistance levels combined to create a dynamic support and resistance area. Simply put, if price action is above the cloud it is bullish and the cloud acts as support. If price action is below the cloud, it is bearish and the cloud acts as resistance.
To determine whether an exchange rate will rise or fall, Forex traders mostly rely on two analytical disciplines – technical analysis and fundamental analysis. Technical analysis is based on price chart analysis and provides exact entry and exit points, while fundamental analysis is vaguer and involves the measurement of a currency’s fair price. It’s usually easier to learn technical analysis for beginners, as fundamentals include certain economic theories to be fully understood.
It might seem difficult but it is not at all since all important calculations are performed automatically: all you have to do is to fill the fields regarding your interest. The amount of numbers can be overwhelming but there are so many tricks and tips all over the iInternet which will help you understand more clearly how to use FX calculators in order to visualize your goals and monetary fundamentals.

There are chapters on every aspect of Forex in this book. If you have any questions about how to choose a good broker or how to open a trade, it's in here. Everything's in here in an easy to read and follow resource. I'm so glad I chose this book over the millions that are out there. Anna Coulling definitely knows Forex! I'd highly recommend picking this one up if you want to know how to trade or just what Forex is.
Foreign Exchange trading, also known as Forex or FX trading, has gained enormous popularity in recent years among layman individuals due to the growth of online brokers and the technological development of online trading platforms. With high liquidity, non-stop opening hours 5 days a week, and great opportunities, it is no wonder that the forex market is the world’s most traded market with a daily trading volume of $5 trillion USD.
In Forex Managed Acc the service of forex managed accounts is possible thanks to the technical solution of last generation, that allows the professional traders to manage and trade unlimited investor’s accounts through a Percentage Allocation Management Module, PAMM that makes it possible to join the funds of several investors in one PAMM fund and the trader has access to this fund.
Fundamental trading is when you follow the news for several countries and play the countries with strengthening economic trends, against the ones with weakening economic trends. This type of approach is pretty easy because it looks at how things shape up over the long term. The complicated portion of it is learning to understand the economic reports and compare them to other countries.

The bid represents the price at which the broker is willing to buy the base currency (the euro in our example) in exchange for the counter currency the dollar. Conversely, the ask price is the price at which the broker is willing to sell the base currency in exchange for the counter currency. Forex prices are generally quoted using five numbers. So, for example, let's say we had a EUR/USD bid price of 1.07321 and ask price of 1.07335, the spread would be 1.4.
Like any market there is a bid/offer spread (difference between buying price and selling price). On major currency crosses, the difference between the price at which a market maker will sell ("ask", or "offer") to a wholesale customer and the price at which the same market-maker will buy ("bid") from the same wholesale customer is minimal, usually only 1 or 2 pips. In the EUR/USD price of 1.4238 a pip would be the '8' at the end. So the bid/ask quote of EUR/USD might be 1.4238/1.4239.
To determine whether an exchange rate will rise or fall, Forex traders mostly rely on two analytical disciplines – technical analysis and fundamental analysis. Technical analysis is based on price chart analysis and provides exact entry and exit points, while fundamental analysis is vaguer and involves the measurement of a currency’s fair price. It’s usually easier to learn technical analysis for beginners, as fundamentals include certain economic theories to be fully understood.
Most cryptocurrencies are designed to gradually decrease production of that currency, placing a cap on the total amount of that currency that will ever be in circulation.[25] Compared with ordinary currencies held by financial institutions or kept as cash on hand, cryptocurrencies can be more difficult for seizure by law enforcement.[1] This difficulty is derived from leveraging cryptographic technologies.
In this video, you will learn about the triple top formation. This is a bearish reversal pattern that you locate at the top of an uptrend. The market forms three successive highs and the pattern becomes complete once it breaks below the neckline or support. This marks your signal entry for a short position with your stop-loss above the highs. However, it is better to wait for a retest of this broken support line...

Twine is an internet broker dedicated to supplying easy, searchable portfolio investment choices. Constructed for a mid-point between large brokerages such as Vanguard and full scale robo-advisors such as Betterment, Twine’s founders shifted the attention of the investment program to appeal to a user.Twine’s user expertise is centered on progressing toward particular objectives, either solo…


Want to trade Bitcoin but not sure where or how to start? Our full bitcoin trading guide below will explain everything you need to know about how to get started such as how to select a trading platform, deposit and place your trade, as well as essential terminology, tips and strategies you should be aware of before you start trading. By the end of this guide, you will be able to trade bitcoin with confidence.
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