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radex78

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Important Oil Market Update

Dear Traders,

Due to the unprecedented global situation and increased market volatility we need to inform you of some important changes to our Oil markets (US Crude XTIUSD and UK Brent XBRUSD)

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Due to the possibility of oil falling to negative prices again, many platforms are unable to show these negative prices.

With immediate effect and until further notice, should the price of XTIUSD or XBRUSD fall to $5.50, that market will be suspended and all open positions in that market will be automatically closed at the best possible prices in the market.

Please take this information into account when making trading decisions and we will inform you of any changes to this situation.

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Trade smart

Dear traders!

We'd like to remind you that FXOpen has a forum thread, where you can solve problems and change parameters of Indicators, scripts and Expert Advisors written in MQL4.
Now you have an opportunity to address such challenges as closing orders after reaching tp automatically, adding a horizontal line, changing the shape and colors of bars, sending alerts to your messengers, etc.
Describe your technical assignment here and get the source code, upon your individual request here:https://bit.ly/3f1PZhA

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WAYS TO SURVIVE IN A BEAR MARKET

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Regardless of the type of the market (i.e., currencies, commodities, equities), traders refer to the market as either being bullish or bearish. In a bullish market, traders go long, or buy. A bearish market, in contrast, requires selling.

However, it doesn’t mean that pullbacks do not take place in a bullish market, or spikes do not form in bearish ones. But the two market conditions, bullish and bearish, are very different and have a different impact on the trader.

Bullish vs. Bearish – Complacency vs. Panic

The main difference between the two types of the market is that bulls and bears see the price action differently. Human nature makes us feel more comfortable when the price of an asset rises, and complacency affects judgment. After all, if the price rose for three months, what should change in the next three months? Bulls don’t worry. For this reason, a bullish market always rises faster than a bearish market falls.

In a bearish market, pressure builds for the trader to take action. Buy the dip or liquidate the position? In some cases, the more the trader waits, the faster the market declines. Panic trading is responsible for much of the losses associated with bear markets.

How to Survive in a Bearish Market

It depends on the type of market traded. When trading currencies, bearish markets have similar technical conditions like bullish ones – only the speed differs.

Things differ when having an equity portfolio. Treating bearish markets as an investor requires different decisions.

Make Sure You Know the Rules of a Trend

From a technical point of view, make sure you know the rules of a trending market. A rising market always forms a series of higher highs and higher lows – a break of the higher low implies the bullish market ended.

Use a Benchmark

This may be a level showed by an indicator. For instance, on any price pullback of more than 20% from the highs, it is reasonable to assume that the bull market ended, and the bear market started. Hence, from that moment on, the focus shifts to the bearish trending conditions – lower lows and lower highs.

Use Stops

More important than anything, use stop-loss orders. As the name suggests, they stop the loss according to the trading plan, so make sure you leave them in place. This way, a layer of protection ensures the account survives to trade another day.

Diversification

Diversification is especially useful when trading equities, but it works well when trading currencies too. One position common across many different trading strategies is to keep a proportion of the funds in the trading account in cash. This way, you’ll be able to profit from market pullbacks or new opportunities that may arise.

Hedging correlated trades offers another protective layer in a bear market. For instance, when equities indices fall, the price of gold shoots up. Sometimes, the move in gold more than compensates the move in equities, so traders always allocate a proportion of their trading accounts to a gold position.

Conclusion

There’s no rule that applies to survive in a bear market that’s not valid for a bull market as well. The trader should always remain in a heightened state of alert to make the most of the market moves.

Any decision to go in or out of a market should come at the end of a thorough analysis of the underlying conditions. A bullish or bearish market requires different actions (looking for longs or shorts), but the factors leading to the decision to trade are similar.

To sum up, a proactive trader would never be surprised by a bearish market. On the contrary, he/she will make the most of it.

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ALL EYES ON THE U.S. STOCK MARKET

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Contents
Fed Unlikely to Fulfill Its Mandate
ECB Stands Ready to Do More If Needed
From Bitcoin to fiat currencies, everything moves in a correlated order. April turned out to be one of the best months in history for the US equities, but the road ahead is full of uncertainties.

The two most important central banks in the world, the Federal Reserve and the ECB announced last week their monetary policy stance. Moreover, the market focused on what the central banks plan to do next – and it was not disappointed.

As it turned out, both the Fed and the ECB stand ready to flood the financial system with whatever amount of money needed. To be fair, they should do so.

Fed Unlikely to Fulfill Its Mandate

The Federal Reserve’s dual mandate of price stability around 2% inflation and job creation took a hit lately. The health crisis created by the coronavirus outbreak led to millions of people applying for unemployment benefits in the last six weeks.

Only in February this week, the Fed dealt with problems related to full employment – not anymore. Chair Powell’s press conference reiterated the readiness to do more and the Fed’s willingness to let inflation concerns for some other time.

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FXOpen Margin Requirements for Currency Pairs

Dear Traders,

You may recall that on March 17, FXOpen increased margin requirements by up to 5 times their normal level for currency pairs, indices, metals and commodities.

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Please note that on May 4 we have returned the margin requirements for currency pairs to their normal value. Margin requirements for indices, metals and commodities remain 5 times increased.

Cryptocurrencies are unaffected by this change.

Please consider these circumstances when planning your forthcoming trading activities.

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TRADING HOURS SCHEDULE ON 8TH MAY 2020

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Dear Traders,

Due to the UK Early May Bank Holiday on May 8thyou will experience the following change in the trading hours schedule:
  • UK 100 – trading closed.

All other financial instruments will be traded without changes.

Please, take these changes into consideration when planning your trading activities for the upcoming week.

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FXOpen Customer Service
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Results of the "Money Managers" Forex Contest Announced

"Money Managers" - a Forex contest on real PAMM accounts - ended on April 30th, 2020.

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This time there are only two winners in the contest:

  • 🏆1 place: kwarst gets $5000-prize from FXOpen for investments.
  • 🏆2 place: Instinkt gets $3000-prize from FXOpen for investments.

We congratulate the winners and wish them further success in trading! The money prizes will be credited to the winners' FXOpen PAMM accounts.
"Money Managers" contest is a unique opportunity to show your trading skills on real PAMM accounts.
During the contest, participants have the opportunity to deposit and withdraw funds from their accounts, accept investments, create new offers, use any strategies, Expert Advisors and robots.
Also, the contest is a great chance to make your PAMM account known among potential followers.
To get more details on how FXOpen PAMM service works, please visit our website: https://bit.ly/2zZAruy
We also inform you that registration of participants in a free demo contest "Forex School" is still ongoing. By joining the competition, anyone can not only improve their knowledge and skills in trading on Forex, but also become the owner of real money prizes.
Follow the updates in the contest thread on the ForexCup Forum.

Follow the updates on Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail: [email protected]
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POKER PLAYER VS. TRADER: WHAT DO THEY HAVE IN COMMON?

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Contents
Five good tactics of seasoned traders and players
1. Know when to hold ‘em; know when to fold ‘em
2. Don’t go the “tilt”
3. Be prepared to lose (and to learn from your losses)
4. Venture the unknown
5. Don’t forget the math
So what’s good for me: poker or trading?
In 2018, Bridgewater Associates, an American investment management firm, hired a new consultant — Vanessa Selbst, a three-time World Series of Poker winner. That wasn’t the first time that hedge funds took advantage of poker players, especially aggressive ones like Selbst. So why do fat cats think that they can entrust their money to gamblers? Let’s see why such a career change can make more sense than meets the eye.

We need to get one thing clear right away. You are unlikely to add points to your financial attractiveness if you use the words “poker” and “trading” in every sentence and breath. The general public often associates poker with an unreasonable risk. However, examples such as the one with Selbst show that there are some parallels, and if you carefully select healthy key strategies from there, you may as well enrich your trader’s toolbox.

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USDJPY technical analysis

On this morning USDJPY there is a gap that occurs at the beginning of the market opening. However, the gap can only be seen through a low timeframe such as M5 or M15 there will clearly be a jumping candle with a significant difference between the previous close candle and the open candle afterwards.

The current price movement of the pair USDJPY tends to be bullish and allows a signal to reverse the trend after last week's move with a bearish dominance.

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At H1 it is clear that there is a price pattern that has gone through a correction phase and formed an upward wave.

The RSI is currently at 68.59 on h1, making it possible for short-term trading to immediately enter the overbought area.

While the RSI at the daily timeframe is at the level of 45.49, where this is the level for a downtrend, the potential reversal of the trend is a concern where this pattern has become vigilant when short selling.

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EURO PUNISHED ON THE GERMAN CONSTITUTIONAL COURT RULING

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Last Tuesday, the German Constitutional Court decided that some of the European Central Bank (ECB) Asset Purchase Program (APP) actions were illegal. The ruling sent the Euro on a spiral death, just a few days ahead of May 9th Europe Day celebration.

From close to 1.10 at the start of the previous week, the EURUSD pair fell to below 1.08 – a dramatic move, having little or no pullbacks. The market’s reaction was right – Europe and the Euro suddenly faced a fundamental problem.

ECB Independence

The ruling shows just how weak the system is. The overall problem is not about Germany disapproving quantitative easing (after all, quantitative easing or asset purchase programs are common monetary policy tools worldwide these days), but the implications of its decision. More precisely, the decision questions the ECB’s independence, as a national/regional constitutional court rules about a central bank’s decisions.

The Eurozone and the Euro as a common currency were implemented to unify Europe. Contrarians always questioned the viability of the project, as there is no fiscal union, and solidarity is not the strongest point in Europe. The blow from the German decision feeds bearish views about the Euro and the European Union.

Despite quick remarks from the ECB and even the German national bank, Bundesbank, the Euro traded with a bearish tone all week with little or no sign of recovering. Investors interpreted that the very ECB independence is at stake. After all, if a national court questions the ECB mandate, it sets a precedent for future legal cases all over the Euro area.

Trust is all that matters for financial markets. After all, a fiat currency, like the Euro, is valued by the trust its users have in it. Because Germany is Europe’s economic engine, questioning the Euro sends negative vibes across financial markets.

But this is not the first Euro crisis. Since its inception in the late 1990s, the Euro faced serious survival tests – the 2008 financial crisis, the 2010 Greek sovereign crisis, and now the coronavirus pandemic. It survived despite all doom and gloom.

However, one should not stop wondering why Europe would do this to itself. Caught between the coronavirus pandemic and the upcoming US Presidential election, the Euro needs no internal problems.

Yet, it just faced one of the most dramatic weeks since its existence.

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