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radex78

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Win from $2,000 to $5,000 in "Money Managers", a contest for real PAMM accounts

FXOpen and ForexCup are launching "Money Managers", a competition on real PAMM accounts, and inviting traders to take part in the competition. Become a winner of huge money prizes for a total of $10,000. The contest starts on February 3, 2020. Registration is open until March 1.




  • Dates: February 3 - April 30, 2020;
    Registration open now until March 1, 2020;
    Prize fund: USD 10,000;

    • Rewards:

      1st place - USD 5,000;
      2nd place - USD 3,000;
      3rd place - USD 2,000.
The prize will be added to an investment account according to 50/50 offer (50% of the profit goes to the manager, 50% - to the investor (company)).

  • Initial deposit: any amount, but not less than the minimum amount for opening a PAMM account (from USD 1,000 for PAMM ECN, from USD 200 for PAMM STP, from USD 1,000 for PAMM Crypto);
    Minimum trading period: not less than 2 months;
    Minimum number of trades per month: 10;
    Trading volume: not less than 0.5 lot per stage;
    Profit at the end of the contest: at least 20% of the deposit;
    Drawdown from the start of the competition to the moment of crediting of the prize money (the prize is transferred within 5 working days after the end of the competition in the case of an open offer) must not exceed 20%;
    Short-term drawdown recorded at a rollover after crediting of the prize must not exceed 20%, as well as drawdown not recorded at a rollover must not exceed 25%.



During the contest it is allowed to use only one PAMM account by one participant, add or withdraw money from accounts, receive investments to PAMM accounts, create offers, use all instruments of a PAMM system without restrictions, use any trading strategies, advisors (AEA, MEA, etc.) and any other standard MT4 add-ons and scripts.

It is prohibited to hide statistics of your PAMM account such as equity, drawdown, exposure level, completed trades. This data must be available for viewing at all times.


The company withdraws the prize funds in case of non-compliance with the above conditions.

The ratings will be published in the contest thread weekly. You can watch the activity of each account online by clicking the links. All statistics will be taken from PAMM Account Rating.

How to join the contest?

1. If you don't have a PAMM account, you should open it:

*Register your account with FXOpen (if you already have a PAMM account, which had the drawdown less than 20%, turn to the 2nd step);
*Verify your main account;
*Open an investment account and add funds to it with any payment system in your FXOpen account
*Open PAMM ECN or PAMM STP account.

2.*Leave a link to your PAMM account in this forum thread (you can also leave a link to your existing PAMM account with the drawdown less than 20%).

Useful links:

PAMM STP accounts;
PAMM ECN accounts;
How to create Master Offer;
"Money Managers" thread in ForexCup forum.[/url

Read more [url]https://www.fxopen.com/en/about-us/news/win-from-$2,000-to-$5,000-in-money-managers-,-a-c[/url
 
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Oil Price Technical Analysis


In the past few days, there was a sharp decline in crude oil price from well above the $58.00 level against the US Dollar. The price broke many supports near the $57.20 and $56.50 levels to enter a bearish zone.

Moreover, there was a close below the $56.00 level and the 50 hourly simple moving average. Finally, it declined below the $55.50 level and traded to a new weekly low at $54.77.



It is currently correcting higher above the $55.00 level. There was a break above the 23.6% Fib retracement level of the recent slide from the $58.74 high to $54.77 low.

On the upside, there is a strong resistance forming near the $56.50 level and the 50 hourly simple moving average. Moreover, there is a key bearish trend line forming with resistance near $56.60 on the hourly chart of XTI/USD.

The 50% Fib retracement level of the recent slide from the $58.74 high to $54.77 low is also near $56.75. Therefore, crude oil price must surpass the $56.50-$57.75 resistance area to start a decent recovery in the near term.

If not, there is a risk of more losses below the $55.20 and $54.80 levels in the coming sessions.

Read more https://www.fxopen.blog/gold-price-recovering-while-crude-oil-price-plunging/

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EURUSD Technical analysis

For several weeks this pair tends to be bearish, this can be noticed on weekly timeframes, where several bearish candles have dominated bears.

The next support zone is at the level of 1.09915 where this is the lowest price in November 2019, which may be achieved in the ongoing bearish trend.



If we refer to the indicators, we see that the RSI shows a value of 36, meaning that it is still in a bearish trend but not yet in the oversold zone, while the MA shows a downward trend.

Also, be aware of the temporary surge in unexpected events with this week's fundamental news, trading wisely with FXOpen will make long-term trading better


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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
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GBP/JPY Technical Analysis

The British Pound started a major decline from well above the 144.00 level against the Japanese Yen. The GBP/JPY pair broke a few important supports near 143.50 level to move into a bearish zone.

During the decline, there was a break below a key contracting triangle with support near 143.35 on the hourly chart. The pair settled below the 143.20 level and recently declined towards 142.00.



A low is formed near the 142.05 level. The pair is currently correcting higher above the 142.30 level. An initial resistance is near the 23.6% Fib retracement level of the recent decline from the 144.39 high to 142.05 low.

It seems like the GBP/JPY pair might correct higher towards the 142.80 resistance area to fill the opening week gap. Any further gains could be contained by the 50% Fib retracement level of the recent decline from the 144.39 high to 142.05 low.

Once the current correction is complete, the pair is likely to continue lower below 142.20 level in the near term.

On the downside, the key support is near the 142.00 area. If GBP/JPY slides below the 142.00 support, there is a risk of a larger decline towards the 141.00 and 140.50 levels.

Read more https://www.fxopen.blog/gbp-usd-and-gbp-jpy-british-pound-remains-at-risk/

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UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
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XRP/USD analysis

The price of Ripple has increased by 9.76% from last Friday coming from $0.214 to $0.235 at its highest point today. Currently, we have seen the momentum slowing down but the price is being traded around those levels.



On the hourly chart, you can see that the price came above the 1 Fibonacci level but is struggling to continue moving to the 0.786 and unlike in the case of Bitcoin is far from the prior high. As we have seen a decrease of 15.76% from the “yearly high” to Friday’s low, this increase could be a corrective one and would be the 2nd wave out of the higher degree ABC correction.

This is presumed by the ending point of the 5th wave being at the yearly high, but it is still unclear whether or not we have seen an ABC correction of a higher degree to the upside. If we did that the price is now headed for a longer-term downtrend, but if those three waves were 123 from a five-wave impulse then the current increase would be it’s 5th wave and would lead the price of Ripple above the yearly high at $0.25435.

Read more https://www.fxopen.blog/btc-and-xrp-is-the-increase-corrective/

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USD/JPY Technical Analysis

The US Dollar declined heavily from well above the 110.00 level against the Japanese Yen. The USD/JPY pair broke many supports near the 109.65 and 109.25 levels to enter a bearish zone.

Moreover, there was a close below the 109.50 level and the 50 hourly simple moving average. A low was formed near 108.73 and the pair is currently correcting higher.



It climbed above the 109.00 resistance area. Besides, there was a break above a major bearish trend line with resistance near 109.15 on the hourly chart. The pair broke the 38.2% Fib retracement level of the recent decline from the 109.64 high to 108.73 low.

However, the pair is facing hurdles near the 109.25 and 109.30 levels. It seems like the 50% Fib retracement level of the recent decline from the 109.64 high to 108.73 low is protecting gains.

Therefore, a clear break above the 109.25 resistance is needed for more gains. If the pair settles above 109.30, it could start a fresh increase towards the 109.65 and 109.80 levels.

On the other hand, USD/JPY might fail to continue above the 109.25 resistance. In the stated scenario, it could resume its decline below the 109.00 and 108.80 levels in the coming sessions.

Read more https://www.fxopen.blog/eur-usd-and-usd-jpy-could-start-decent-recovery/

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EOS/USD analysis

From Monday’s open at $3.64 the price of EOS has increased by 15.5% as it came up to $4.2 at it’s highest today and is still being traded around those levels. The price is still in an upward trajectory and is indicating bullish action.



On the hourly chart, you can see that unlike in the case of Litecoin the price of EOS has surpassed the prior high made on the 17th of January but like Litecoin reached the horizontal resistance level close by and is currently retesting it for resistance.

As we have most likely seen the higher degree five-wave impulse from the 17th December last year the increase is soon expected to end, but that doesn’t mean that the price is can’t continue moving to the upside for another 10% as there is still room to go to. The ending wave is most likely developing and considering that it surprised the prior high it might continue to the next horizontal level to the upside which is at $4.6 but that all depends on the current interaction with the horizontal resistance.

Read more https://www.fxopen.blog/eur-usd-and-usd-jpy-could-start-decent-recovery/

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FXOpen Returned Margin Requirements for GBP Pairs

Dear Traders,

Please note that FXOpen has returned the margin requirements for GBP pairs to their normal value, i.e. increased to a maximum value of 1 to 500. We recommend considering this information in your trading activity.

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FXOpen Customer Service
E-mail:[email protected]
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Read more https://www.fxopen.com/en/about-us/news/fxopen-returned-margin-requirements-for-gbp-pairs

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FXOpen Launches Instant Bank Transfers in Malaysia and Thailand

Dear clients

FXOpen is pleased to announce that we've added a new method of depositing and withdrawing funds. Clients from Malaysia and Thailand can now carry out money transactions via Instant Bank Transfers. Instant Bank Transfers are transactions made from an online bank account in a local currency.

To celebrate the launch, clients can deposit for free, paying 0% commission for the first month of use.

More details:

  • *Currencies: MYR, THB
    *Payment Processing Time: instant for depositing/ within 1 day for withdrawing
    *Minimum deposit / withdrawal: 50 MYR / 500 THB
    *Maximum deposit / withdrawal: 50,000 (MYR/THB).

Learn how to deposit and withdraw in our knowledge base.

Follow update Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail:[email protected]
Live Chat (24/5)

Read more https://www.fxopen.com/en/about-us/news/fxopen-launches-instant-bank-transfers-in-malaysia

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FXOpen Accepts Payments via AirTM

Dear Traders,

FXOpen is glad to announce a new cutting-edge option for depositing and withdrawing funds via AirTM.

AirTM is a unique blockchain-and-bank-connected digital wallet and peer-to-peer exchange platform founded in 2015. The base AirTM currency is named as AirUSD. To perform any action like buying, selling or exchanging any currencies, you must have AirUSD balance in your account. Find more information here.

Terms of depositing and withdrawing via AirTM

  • *Currencies: USD;
    *Payment processing time: during 1 day;
    *Minimum withdrawal: USD 2;
    *Maximum deposit: USD 25,000.
Learn how to deposit and withdraw in our knowledge base.

In the first month, all FXOpen clients can deposit their accounts with 0% commission to become familiarized with the product.

Follow update Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail:[email protected]
Live Chat (24/5)

Read more https://www.fxopen.com/en/about-us/news/fxopen-accepts-payments-via-airtm

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UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
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