FxPro Financial Market Analytics

Latest

Daily Outlook

April 18, 2019 @ 15:17 UTC

Markets retreat. S&P500, EUR, GBP, Brent and Gold are falling

by Alexander Kuptsikevich

Happy Easter is comin’! Traders are excited about the further holidays and we at FxPro are eager to assist you with the full schedule of the day-offs on the world financial ...

April 18, 15:12

Bitcoin halving will push it above $20K at the end of 2021

Остался год до столь ожидаемого халвинга (снижение награды) биткоина. В связи с этим, многие аналитики ожидают, что цена эталонной криптовалюты будет расти до мая 2020...

April 18, 10:18

China’s economy has recovered, but will government stimulus last long?

China’s economy rebounded through the first quarter, a welcome sign of stabilization for the world and handing the government room for maneuver as trade negotiations with the U.S...

April 18, 09:32

More news

Economic Events

Important upcoming events and publications

Important upcoming events and publications for April 17 (GMT): 08:30 UK Consumer Price index has slowed down over the past year from 3.0% y/y to 1.8% y/y in January. February data showed acceleration to 1.9%, and in March it is...

Important upcoming events and publications

Important upcoming events and publications for April 15 (GMT): 12:30 Empire State Manufacturing Index from NY Fed dropped sharply since the end of last year, becoming an additional warning sign of the business activity cooling in the U.S. In April’s...

Space as a business: what hides beyond the rockets launches

Spaceships are no longer romantically surf the Universe but pragmatically sawing it in pieces. The “entrance ticket” to the solar system costs hundreds of millions. The sky is not the limit The modern world will remember Russia not as a...

Important upcoming events and publications

Important upcoming events and publications for April 12 (GMT): 09:00 Eurozone Industrial production shows a decline to last year’s levels since November. It is expected that February data will maintain this negative trend with a decline of 1.0% y/y. A...

More news

Market Snapshots

EURNZD broke resistance area

April 17, 2019 @ 18:46 UTC

Soy Wave Analysis – 17 April, 2019

April 17, 2019 @ 18:44 UTC

Corn Wave Analysis – 16 April, 2019

April 16, 2019 @ 17:39 UTC

EURCHF Wave Analysis – 16 April, 2019

April 16, 2019 @ 17:38 UTC

More news

How would you trade on EURUSD today?

Buy Sell Hold

Buy %

Sell %

Hold %

How would you trade on Brent today?

Buy Sell Hold

Buy %

Sell %

Hold %

How would you trade on Bitcoin today?

Buy Sell Hold

Buy %

Sell %

Hold %

Look Inside the Trader's World

#Psychology

Money management 101

Looking at how people manage their personal finances can tell you a lot about them, their approach to life, their mindset and so on. That’s why to be a confident and successful trader, you need to manage your capital skillfully. This will bring you clarity and calmness – two of the things that shape your market performance. So here are a few ways to get back in control of your money:

1. Start tracking

All your expenditures, and income. Anything coming in and out. It will give you an idea of what’s necessary and what isn’t.

2. Be sensible about your money

Try not to give in to compulsive buys. Spend sensibly and frugally. If you’ve lived without something for a long time already, it probably means you don’t actually need it that much.

3. Don’t rely on trading profits to pay your bills

This is how you get into debt. Trades can go south and you can’t control that, so you need to have a cushion that will still pay your monthly (mandatory) bills. Better to figure out a regular income (job, side business etc.) to just cover the bills. Fixed expenses require fixed income.

4. Building a security layer

As we all know, nobody can say what the market will hand you month in, month out, so you have to be prepared for any outcome. Especially the bad ones. The rule of thumb is – have a layer of ‘fat’ that will cover 6 months of your monthly expenditures. This will put food on the table and pay the mortgage until trading gets back on track (especially if you don’t have any other source of income).

5. You win – you buy. You don’t win – you don’t buy

It’s as easy as that. Of course wanting things ‘for yourself’ is always fun and makes life much more interesting, but you need to be sensible. Don’t dip into savings for something you don’t really need.

6. Let your money compound

One of the fastest ways to allow your money to grow is leaving it in your account and let it compound. Do some research and you’ll see that you can get a nice return on your investments this way.

#TraderDiary

Take some good advice from a successful trader, writer of the “Pitt Bull: Lessons from Wall Street’s Champion Day Trader” book and winner of the U.S. Investing Championship in 1984, Martin Schwartz - pause and look around.

#FxPro

We are ending 2018 with extraordinary results!

FxPro has been named the Most Reliable Broker of the Year by Intinvestor.com! This is great news and we are very happy to be acknowledged! Thank you!

#TradersDiary

May you have lovely Holidays filled with warmth and love. Here’s hoping all your wishes for the New Year come true!

***

From all of us at FxPro: Happy Holidays!

#Psychology

How to boost your mojo

***

Trading is not a 9-5 job that finishes when you stop…it never sleeps. When you’re not trading, you’re reading and learning to get better. But there are times (if there haven’t been already) when your motivation is low… Here are a couple of ways to boost it quickly and get back on the horse!

***

***

Set and adjust goals

***

It’s always good to know where you’re going. Where is it you want to end up. It gives your work a trajectory that you then follow. But with time, the light at the end of the tunnel begins to dim and with it – the incentive. This is when you should look at your targets and either adjust them according to new circumstances, or add more milestones, so the goal again becomes more attainable. After all – everything is easier step by step.

***

***

Talk with a mentor you admire

***

This can dramatically increase your motivation and stimulate you to move forward. Seeing someone who (chances are) has been where you are now and listening to their advice is a good boost of inspiration.

***

***

Be around successful people

***

Surrounding yourself with an aspirational crowd can help remind you where you can get to if you put your mind to it and really go for it. It can be a nice bolster when you see people that you aspire to be like. So start attending seminars, networking events and such to get yourself back into the mindset of a PRO.

***

***

Try something (anything) new

***

It can be something new within the trading sphere (like investing in a new stock), or it can be as far away from it as possible (like a cooking course or dancing). The trick here is that when you try new things – it helps you be more flexible and adaptable instead of becoming rigid. And being able to ‘move’ with the market is a crucial skill in trading.

***

Get the annoying thing over and done with

***

Even in the most fulfilling jobs and careers there are things that are so annoying to do that procrastinating takes over and we put them off for days and days at a time. This slowly then develops into an obstacle to enjoying the thing that we were doing in the first place. The solution is to bear down and get it done straight away - like ripping off a plaster.

***

These are only a few things that can get you back on your motivational track, but there are many more out there – what you need is anything that will shake up your world and give you a boost.

#TraderDiary

Before you go into forming your trading strategy you will have a variety of trading ideas – certain set ups and patterns that you will think about and try out. As you begin to recognize which ones lead to most profit, these ideas will evolve into strategies. Be aware that staying up to date with the news and understanding the historical behavior of stocks and currency pairs is key to accurately predicting their actions on the Forex market in the future.

#Edutainment

Identifying the key levels and trends

***

*** Look at weekly chart time frame and ask yourself - Do I have an idea of the current and overall market conditions and trends? Which way is it trending? Look at the daily chart time frame and see if you can draw any other types of support and resistance. Which way is the market trending?

***

A Signal

***

Look for an obvious price action signal that ‘makes logical sense’ within the current market picture. For instance if the trend is upward, you will be looking for buy signals. What you’re essentially asking is whether there is a suitable entry here. If a suitable trade set up doesn’t jump at you out on a daily, four or one hour chart time frame within a few minutes – move on, there’s nothing worth trading here that day.

***

Signal +…

***

Once you have a trade signal, the next question to ask if there is also a confluent trade set up, i.e. other supporting factors and not just the price bar alone. If the story of the price action isn’t coherent with the trade set up, you might want to walk away from this one.

***

Exit

***

Have you figured out when to exit a trade? What’s your plan? Are you exiting at a certain horizontal level or are you planning to let it run because of a strong trend? Obviously, if something out of the ordinary happens during a trade you need to be flexible but normally, you should have a pre-determined exit strategy.

#Psychology

Everything needs a plan. If you woke up this morning and thought – I want to get rich today – you won’t. Dreams aren’t attainable, but goals are reachable. Turn your dream into a goal. Make a clear timeframe for how to reach it. Once you see a journey and end point – you will start moving in the right direction and it will be the quickest way to reach your dreams.

#TraderDiary

Take a quick look at the 6 key elements of mastering the art of trading. When it comes to successful trading, a little attention these elements goes a long way.

#Lifestyle

Before making his $2 million with trading, Nicolas Darvas got a degree in economics, toured Europe and the U.S. with dance routines, made appearances with Bob Hope and read 200 books on the market.

Go to the Trader's World

Crypto Review

Technical analysis says that Bitcoin correction is not over yet

Unable to show growth confidently above $5,300, Bitcoin turned to decline on Thursday. Nevertheless, the current dynamics is more like a cautious profit taking, since cryptocurrencies are much more volatile, sometimes showing very sharp fluctuations in the direction of growth...

Bitcoin is enjoying a rare rally. Where’s the catch?

This week will be remembered by the crypto market participants with the revival of increased dynamics. The total capitalization of all cryptocurrencies increased from April 2 by 18%, reaching $174 billion. The bitcoin price spiked from levels just above $4,200...

Bitcoin sustain its positive impulse

On Tuesday, the bitcoin price jumped by 20%, at some point breaking the threshold $5,000. The initial impulse was somewhat weakened, and retail investors and the media began to put forward their own hypotheses for such a sharp dynamic. In...

FxPro: Mysterious Bitcoin spike to $5000. What next?

Within an hour on Tuesday morning, Bitcoin spiked by more than 15% from $4,200 to $4,850, enjoying growth without barriers after the bounce from important resistance near $4,000. BTC showed the dynamics of a well-forgotten glorious past. The growth was...

More news

Latest

Economic Events

Important upcoming events and publications

Important upcoming events and publications

Space as a business: what hides beyond the rockets launches

Important upcoming events and publications

Market Snapshots

Subscribe now!

Look Inside the Trader's World

How to boost your mojo

Crypto Review

Technical analysis says that Bitcoin correction is not over yet

Bitcoin is enjoying a rare rally. Where’s the catch?

Bitcoin sustain its positive impulse

FxPro: Mysterious Bitcoin spike to $5000. What next?