Forexcup Contest With Witdrawable Prize By Fxopen

Discussion in 'Forex Programs' started by radex78, Jun 24, 2015.

  1. radex78

    radex78 ECZ Member

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    US Labor Day Trading Hour Changes

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    Due the forthcoming Labor Day in the US, there are changes in trading hours for some markets on 7th September.

    Monday 7th September

    Metals CFD:
    • Gold (XAUUSD): trading session ends at 20:00;
    • Silver (XAGUSD): trading session ends at 20:00.

    Commodity Spot :
    • UK Brent (XBRUSD): trading session ends at 19:45;
    • US Crude (XTIUSD): trading session ends at 19:45;
    • US Natural Gas (XNGUSD): trading session ends at 19:45.

    Indices:
    • Japan 225 (#J225): until 20:00;
    • US SPX 500 (Mini) (#SPXm): until 20:00;
    • US Tech 100 (Mini) (#NDXm): until 20:00;
    • Wall Street 30 (Mini) (#WS30m): until 20:00.
    Stocks CFD: trading closed.

    Other indices will be traded without changes.
    Please, consider this information when planning your trading for the upcoming week.

    #news


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  2. radex78

    radex78 ECZ Member

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    EUR/USD CORRECTING GAINS WHILE USD/JPY IS RISING STEADILY

    EUR/USD spiked above the 1.2000 resistance before starting a downside correction. USD/JPY is recovering nicely and it is trading above the 106.00 level.

    Important Takeaways for EUR/USD and USD/JPY

    • The Euro climbed higher nicely above 1.2000 before starting a downside correction.
    • There was a break below a connecting bullish trend line with support near 1.1920 on the hourly chart of EUR/USD.
    • USD/JPY started a fresh recovery and it traded above the 105.80 resistance.
    • There is a major bullish trend line forming with support near 105.90 on the hourly chart.

    Read more on FXOpen blog: https://www.fxopen.blog/eur-usd-correcting-gains-while-usd-jpy-is-rising-steadily/

    #forexanalysis#EURUSD #USDJPY #Forex #traiding

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  3. radex78

    radex78 ECZ Member

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    LTC AND EOS: IMPULSIVE DOWNSIDE MOVE SEEN, CORRECTION STILL DEVELOPING

    • LTC/USD

      On yesterday’s open the price of Litecoin has retesting its peak from the previous increase and was sitting at $64 area but found strong resistance there and the selling was activated and it fell by 11.77% measured to its lowest point today at $56.73. Currently, the price is hovering above $57.5 mark as a minor recovery has been made and is in an upward trajectory.
    • EOS/USD

      From yesterday’s open at around $3.55 the price of EOS has decreased by 17.28% as it fell to $2.94 at its lowest point today. At the moment it is being traded just above the $3 mark and has started to move to the upside but made a minor retracement to is first horizontal support.

    Read more on FXOpen blog: https://bit.ly/3jL2BuO

    #cryptocurrencies#LTCUSD #EOSUSD #forex #Litecoin #blockchain #traiding

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  4. radex78

    radex78 ECZ Member

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    AUD/USD AND NZD/USD SHOWING BEARISH SIGNS

    AUD/USD started a strong decline from well above the 0.7350 support zone. Similarly, NZD/USD is showing bearish signs and it could decline towards 0.6650.

    Important Takeaways for AUD/USD and NZD/USD

    • The Aussie Dollar started major downward move below 0.7350 against the US Dollar.
    • There is a crucial declining channel in place with resistance near 0.7280 on the hourly chart of AUD/USD.
    • NZD/USD broke the 0.6720 support level to move into a short-term bearish zone.
    • There was a break below a key bullish trend line with support near 0.6755 on the hourly chart of NZD/USD.

    Read more on FXOpen blog: https://bit.ly/2QVMUEO

    #forexanalysis#AUDUSD #NZDUSD #forex #traiding

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  5. radex78

    radex78 ECZ Member

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    Join "Forex School" - a free educational contest on demo accounts

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    August 31, 2020, Forex broker FXOpen launches “Forex School” — a free educational contest on demo accounts. To celebrate the 15th anniversary of the company, WE HAVE DOUBLED THE PRIZE MONEY UP TO 8000$. The contest is open to anyone who wishes to take part.

    "Forex School" is a unique possibility not only to improve your knowledge and skills in Forex trading, but also to get real money prizes. The contest will last for 4 weeks.
    Join the contest and win real money! Prize fund increased to 8000$.

    Hurry up to register before September 20!

    More information on FXOpen blog: https://bit.ly/2QBX79t

    Conditions and registration: https://bit.ly/2YPlJjD

    #CONTEST

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  6. radex78

    radex78 ECZ Member

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    STRONGER EURO A PROBLEM AHEAD OF THE ECB INTEREST RATE DECISION NEXT THURSDAY

    The main event of the week ahead is the ECB interest rate decision on Thursday. The ECB is in a tough spot as core inflation dropped to 0.4%, and the stronger Euro makes it difficult for the central bank to fulfill its mandate.

    One of the major themes on the currency market this summer was an extraordinarily strong Euro. The Euro appreciated not only against the USD, but also against other G10 currencies – GBP, JPY, for instance.

    While the USD declined significantly, the EUR rose, and the main EUR exchange rate, the EURUSD, even traded above 1.20.

    Higher Unemployment and Low Inflation in the Euro Area

    The Unemployment Rate ticked higher in the Euro area due to the coronavirus crisis. If it were not for the government-supported programs, the number would have looked even worse.

    The problem for the ECB is that low inflation and high unemployment is a recipe for disaster, considering that the interest rates are already at the lower boundary. How to fight low inflation when the deposit facility rate is already below zero for several years now?

    Expect increased volatility ahead and during the ECB interest rate decision and press conference this coming Thursday.

    Read more on FXOpen blog: https://bit.ly/2Fc0664

    #financialmarketnews#forex #traiding #news #finance

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  7. radex78

    radex78 ECZ Member

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    Results of CryptoMania-2-2020 Contest

    The Forex contest for crypto fans "CryptoMania" ended on August 28. For four weeks, more than 900 participants were deeply involved in the competition for the prize money of 3,000 USD.
    So, we are happy to announce the contest winners:
    • 1. Ildar Zartdinov (Russia): account number – 3046286; balance – $16344.5; prize – $525 withdrawable + $525 as a bonus;
    • 2. RGAb8DKb1F(Pakistan): account number – 3046505; balance – $15921.92; prize – $375 + 375 as a bonus;
    • 3. SaintProfit (Russia): account number – 3046555; balance – $14408.83; prize – $150 + $150 as a bonus;

    More information and the full list of winners: https://bit.ly/3lZxpdm

    #contest

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  8. radex78

    radex78 ECZ Member

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    EUR/USD AND EUR/JPY: FACING HURDLES, RISK OF MORE LOSSES

    EUR/USD is currently trading in a bearish zone below the 1.1850 pivot level.

    EUR/JPY is currently correcting higher, but it is likely to face hurdles near 125.00.

    Important Takeaways for EUR/USD and EUR/JPY

    • The Euro started a steady decline below the 1.1910 and 1.1850 support levels.
    • There is a key bearish trend line forming with resistance near 1.1805 on the hourly chart of EUR/USD.
    • EUR/JPY traded below the main 125.30 support and tested the 124.50 zone.
    • There is a major bearish trend line forming with resistance near 125.15 on the hourly chart.

    Read more on FXOpen blog: https://bit.ly/2Zlo71G

    #forexanalysis#EURUSD #EURJPY

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  9. radex78

    radex78 ECZ Member

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    LTC AND EOS – UPWARD MOMENTUM SLOWING DOWN
    • LTC/USD
      Since the start of the month, the price of Litecoin has decreased by 29.33% as it fell from $64.4 high made on September 1st to $45 area on the 4th and revisited the low level two more times after. Currently, it is being traded at around $48.5 and is in an upward trajectory but a minor retracement has been made with the price showing signs of the momentum slowing down.
    • EOS/USD
      The price of EOS has decreased by over 30% since the start of the month when it was trading at $3.554 at its highest point, measured to the lowest point made last Friday at $2.47. Since last week’s low, a significant upside spike was seen pushing the price above $3.2 level but is now being traded at around $2.75 as another descending move has been made.

    Read more on FXOpen blog: https://bit.ly/35j2ov8

    #cryptocurrency#LTCUSD #EOSUSD #forex #litecoin #blockchain #traiding

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  10. radex78

    radex78 ECZ Member

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    GOLD PRICE AND OIL PRICE FACING KEY HURDLES

    Gold price is facing a strong resistance near the $1,950 and $1,960 levels. Crude oil price is currently declining and it may perhaps continue lower below $37.00.

    Important Takeaways for Gold and Oil

    • Gold price started a decent recovery from $1,910, but struggled near $1,960 against the US Dollar.
    • There is a key rising channel forming with support near $1,938 on the hourly chart of gold.
    • Crude oil price is currently sliding and it is trading below the $40.00 support zone.
    • There is a major bearish trend line forming with resistance near $37.70 on the hourly chart of XTI/USD.

    Read more on FXOpen blog: https://bit.ly/35pDGcp

    #forexanalysis#XTIUSD #gold #oil #forex #traiding

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  11. radex78

    radex78 ECZ Member

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    Join "Forex School" - a free educational contest on demo accounts

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    August 31, 2020, Forex broker FXOpen launches “Forex School” — a free educational contest on demo accounts. To celebrate the 15th anniversary of the company, WE HAVE DOUBLED THE PRIZE MONEY UP TO 8000$. The contest is open to anyone who wishes to take part.

    "Forex School" is a unique possibility not only to improve your knowledge and skills in Forex trading, but also to get real money prizes. The contest will last for 4 weeks.
    Join the contest and win real money! Prize fund increased to 8000$.

    Hurry up to register before September 20!

    More information on FXOpen blog: https://bit.ly/2QBX79t

    Conditions and registration: https://bit.ly/2YPlJjD

    #CONTEST

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  12. radex78

    radex78 ECZ Member

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    CONFUSING ECB MESSAGE AHEAD OF THE FOMC STATEMENT NEXT WEDNESDAY

    It seems like the financial world lives from one event to another, and the market barely reacts in between. Let us not forget that this is a U.S. election year, and most traders and investors are cautious ahead of the event.

    For this reason, financial markets, and especially the currency market, consolidate more than usual. For instance, a quick look at the EURUSD, and one can see consolidation around the 1.20 area. More precisely, while rejected at the first 1.20 attempt, the EURUSD still keeps an eye on the level as buyers resurface at each and every market dip.

    ECB Sent the Wrong Message

    Last Thursday, the ECB meeting was supposed to highlight record-low inflation in the Euro area and the willingness to do more in terms of monetary policy easing. At least, this was the consensus ahead of the ECB press conference.

    However, the reality stunned Euro traders. The ECB sent a hawkish message, despite the fact that inflation may fall even further. The central bank said that inflation is in line with the staff projections, and it even raised the projections for the years ahead.

    Read more on FXOpen blog: https://bit.ly/2ZzpyK1

    #FinancialMarketNews#Ecb #finance #forex #money #traiding #EURUSD

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  13. radex78

    radex78 ECZ Member

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    Results of the "Money Managers" Forex Contest Announced

    "Money Managers", a Forex contest with real PAMM accounts, ended [/b]on August 31st, 2020.[/b]

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    This time there are only two contest winners:

    1st place: krutoy-bobr gets $5000-prize from FXOpen for investments.

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    2nd place: obidoww gets $3000-prize from FXOpen for investments.

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    Read more...

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  14. radex78

    radex78 ECZ Member

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    EUR/USD TESTING KEY SUPPORT, USD/CHF STRUGGLE CONTINUES

    EUR/USD faced a strong selling interest near the 1.1900 zone and recently corrected lower. USD/CHF is attempting an upside break, but it is struggling to gain momentum.

    Important Takeaways for EUR/USD and USD/CHF

    • The Euro failed once again to clear the key 1.1900 resistance zone against the US Dollar.
    • There was a break below a key bullish trend line with support near 1.1885 on the hourly chart of EUR/USD.
    • USD/CHF is struggling to gain bullish momentum above the 0.9100 zone.
    • There was a break above a connecting bearish trend line with resistance near 0.9080 on the hourly chart.

    Read more on FXOpen blog: https://bit.ly/2RtYOpE

    #forexanalysis#USDCHF #EURUSD #forex #traiding

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  15. radex78

    radex78 ECZ Member

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    LTC AND EOS – CONSOLIDATION BEFORE A BREAKOUT

    • LTC/USD
      From yesterday’s open when the price of Litecoin was being traded at $47.59 around its lowest point, we have seen an increase of around 4.4% as it came up to $49.58. At the moment the price is being traded slightly lower and is hovering at around $48.4 level.
      If the corrective move from the higher degree ended on the 4th of September the breakout would be expected to develop to the upside, setting up the price of Litecoin for a more significant recovery.
    • EOS/USD
      The price of EOS has been increasing from yesterday’s low at $2.599 and made a recovery of over 6.8% as it came up to $2.778 at its highest point today. Currently, it is being traded at $2.7119 and is in a downward trajectory.
      If we have seen the completion of the WXY correction on yesterday’s low followed by a breakout from the unclear descending triangle then the current descending move is to end on a higher low compared to yesterday’s one. But it should have ended on a higher high compared to the yesterday one but instead found resistance at the same level. This could indicate that the price is now headed for a lower low instead and would in that case mean that the prior correction hast ended.

    Read more on FXOpen blog: https://bit.ly/3c5ZcEk

    #Cryptocurrencies#LTCUSD #EOSUSD #litecoin #blockchain #crypto #forex

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  16. radex78

    radex78 ECZ Member

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    WHAT IS POSITION TRADING?

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    Position trading refers to a trader holding a position open for a long period of time. In a way, position trading is similar to investing and has a larger time horizon than swing trading.

    Position Trading Forex Example on the EURUSD Pair

    Here is a positioning strategy example on the EURUSD pair. It aims at showing how to calculate a position size on a big timeframe, without overtrading and negatively affecting the trading account. Basically, it shows how to position trade effectively.

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    The EURUSD pair bounced lately from around the same area. Because this is the monthly timeframe, “lately” means in the last years the pair found a bottom. On its way up, it formed a reversal pattern – a double bottom.

    Read more...


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