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      "author": "bigsneak",
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{
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      "author": "platinumfx",
      "body": "![IMPCAT OF THE US ELECTION ON THE FOREX MARKET](https://cdn.steemitimages.com/DQmPNaapZgzScPZfQsyrUeqit942rt1v57r2TW8z1jfrqkR/IMPCAT%20OF%20THE%20US%20ELECTION%20ON%20THE%20FOREX%20MARKET.jpg)\n\nThe US presidential election in 2020, which will take place on November 3, will be one of the most memorable events of the year. As such, it represents a unique trading opportunity since traders can expect significant volatility around the time of the election. Investors and traders are keen to learn how will the 2020 US election affect the economy. In this article, we will examine the impact of the 2020 US election on currency markets, in particular on US dollar currency pairs.\n\n<h2>Biden vs. Trump</h2>\nIn order to better understand the impact of the US election on the forex market, let’s begin with a brief look at the upcoming US election. The United States holds presidential elections every four years in the first week in November, with the Democrats and Republicans vying for control of the White House. President Donald Trump, a Republican, is running for a second term against the Democrat candidate, Joe Biden, who served as vice-president under Barack Obama. Many members of Congress are also running for office in the November election, but it is the presidential election that will command the attention of the markets, and indeed the entire world.\n\nWhat has been the impact of the 2020 US election on the financial markets? The election has have garnered less attention than in ordinary times, as the number one news story across the globe remains the Covid-19 pandemic. The United States has been hit hard by the virus, with 7.7 million cases and 215 thousand deaths so far. With Covid-19 causing a severe downturn in the US economy and high unemployment, Americans have understandably been preoccupied with coping with Covid-19 and paying less attention to other issues. Despite this current state of affairs, the impact of the US election on the forex market should not be underestimated.\n\n<h2> Impact of the US Election on the Forex Market: The United States Dollar</h2>\n\nThe US election 2020 is just a few weeks ago, and the impact of the US election on the forex market will be significant. Since the election is a domestic US event, traders can expect that the US dollar will show significant volatility. This presents traders with the opportunity to profit by taking positions on the US dollar. The currency pairs which could show the greatest volatility around election time include EUR/USD, AUD/USD and USD/CAD.\n\n<h2>Impact of the US Election on the Forex Market: The Presidential Election Cycle</h2>\n\nAs far as the markets are concerned, a presidential election can be treated much like an economic release, where uncertainty exists until the event occurs. Traders seek to reduce the uncertainty ahead of the release of an event; can we lower the uncertainty in predicting who will become the next president?\n\nOne popular method to predict who will win the election is to rely on opinion polls, which are based on surveys of potential voters. In the current election campaign, President Trump has trailed Joe Biden in practically every poll, but the polls can be dead wrong, as we saw in the 2016 election. Hillary Clinton, the Democratic nominee, was heavily favored to sweep to victory, but in the end, Donald Trump won the election.\n\nAnother method that has gained popularity is the presidential election cycle. As we mentioned earlier, the United States holds presidential elections every four years in the first week of November. This regularity means that analysts can examine the data and trends from previous elections and look for patterns that could repeat themselves. Under the presidential cycle theory, there is a connection between the US dollar exchange rates and presidential cycles. For example, the US dollar historically goes into an election weaker, and once the uncertainty has cleared, the dollar appreciates. Researchers also have found that the US dollar has shown greater gains during the 4-year term of a Democrat president compared to when a Republican is a president. (Ashour, Rakowski and Sakar, Review of Financial Economics, May 2018).\n\nTo better understand this finding, we need to look at the very different economic policies of Republicans and Democrats. Generally speaking, Democratic presidents often implement policies which stimulate short-term economic growth and higher consumption, which causes the US dollar to appreciate in value. Republicans, on the other hand, usually promote a pro-business agenda, which may result in a weaker dollar. For example, President Trump has often said that that he wants to see a weaker US dollar in order to make US exports more competitive and often criticized the Federal Reserve for not lowering interest rates, which would cause the US dollar to depreciate.\n\nOf course, even if we discern a clear trend in previous elections, there is no guarantee that the pattern seen in a previous election will repeat itself. As well, there have only been a limited number of presidential elections, so the sample size is rather small. The presidential election cycle can therefore be viewed as an oversimplification. Still, historical price moves can be useful in helping traders try to forecast the direction that the US dollar could take around the time of the election.\n\n<h2> How will the US Election affect the Forex Markets? </h2>\nAs the clock winds down towards Election Day, volatility has been increasing in the forex markets, and this trend can be expected to continue as we get closer to the election. This means that the impact of US elections on forex markets has already begun. Traders can also expect to see significant volatility when the election results are published. An interesting twist is that Donald Trump has hinted that he may not accept the results if he loses the election. It is unheard of that a presidential candidate would contest the election results, but if this scenario does occur, it is very likely that the markets would respond with sharp volatility until it is clear who has won the election.\n\nThe impact of the US election on the forex market could be significant. According to a report by Goldman Sachs, an election win by Joe Biden could send the US dollar to lower levels. The report listed three key factors which will determine how the forex markets respond to the election, according to a report by Goldman, Sachs. The three factors are fiscal policy and the size of the budget deficit, tax policy and foreign policy. On all three fronts, President Biden could be expected to promote an agenda which would weigh on the US dollar. The Democrats would likely increase the budget deficit and possibly reverse some of President Trump’s tax cuts. As well, Biden could be expected to take a more conciliatory stance on China, in contrast to Trump, who has not hesitated to take on China in a bitter trade war and has also engaged other countries in trade disputes. Trump’s protectionist stance of “America First” would likely be replaced with a more harmonious US approach to global trade under the Democrats. This would increase risk sentiment, which means that investors would be more willing to move away from the safety of the US dollar and purchase riskier currencies, which would result in a weaker dollar. These factors are important to keep in mind as we try to determine how will the US 2020 election affect the market.\n\n[LEARN TO TRADE THE ELECTION CYCLE WITH A FOREX VETERAN](https://form.typeform.com/to/UufJKe8x)\n\n<h3>Watch this video: How the 2020 presidential election could affect markets (05mins 45secs)</h3>\nhttps://youtu.be/nkW5SUmwMSo\n\n<h2>Impact of the US Election on the Forex Market: The COVID Complication</h2>\n\nHow will Covid-19 affect the forex markets around the presidential election? Although the election is still a few weeks away, traders were treated to the effect that Covid-19 could have on the election when President Trump was admitted to hospital after testing positive for the virus, and then released from a hospital earlier this week. When Trump announced that he had contracted Covid-19, risk sentiment fell sharply, which boosted the US dollar. When Trump returned home after just three days and appeared to have recovered, the dollar went back down, as risk sentiment increased. If, however, it turns out that Trump has not made a full recovery, the US dollar could climb back up in response. Covid-19 can be viewed as this election’s “wild card”, as any dramatic developments, such as Joe Biden or the vice-presidential candidates testing positive for Covid-19 could cause significant volatility in the forex and other financial markets.\n\n<h2>Why Trade with Platinum Trading Academy?</h2>\n\nMany traders jump into the forex arena with little or no preparation, confident that they will ‘figure out on the go’ how to make money trading currency. However, these individuals have a lack of knowledge about the forex market and have failed to prepare a trading strategy. More often than not, these traders are left disappointed, after seeing their capital quickly disappear. Taking prudent steps in order to learn online trading is essential to becoming a successful trader - this point cannot be overemphasized. In order to learn how to trade currency and make money, every trader needs discipline and a trading strategy that fits his or her needs and goals.\n\n[Platinum Trading Academy](https://www.platinumtradingacademy.com/) is tailored for a trader at any level, whether a relative beginner or an experienced trader. We provide each of our students with a private forex mentor, rather than a “one size fits all” seminar or webinar course. With Platinum’s step-by-step mentoring and in-depth training courses, you will learn how to trade online and how to develop an effective trading strategy. If you are looking for an [online forex trading course](https://www.platinumtradingacademy.com/forex-trading-course/) that will build your confidence and produce consistent results, then Platinum Trading Academy offers a superb online forex trading experience.\n\nConclusion\n\nThe US presidential election, which takes place on November 3 is a key event for the financial markets. As such, it represents a unique trading opportunity for forex traders. The financial markets are already showing volatility due to the election, and this will likely continue until after the election. Traders should be prepared for volatility in the forex markets due to the US election, in particular, in US dollar currency pairs.\n\n[LEARN TO TRADE THE ELECTION CYCLE WITH A FOREX VETERAN](https://form.typeform.com/to/UufJKe8x)\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "Hello platinumfx!\n\nCongratulations! This post has been randomly Resteemed! For a chance to get more of your content resteemed join the [Steem Engine Team](https://steemit.com/steemit/@steemengineteam/more-followers-more-votes-steemengine)",
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      "body": "![FOREX EXPERT ADVISOR.](https://cdn.steemitimages.com/DQmexDx5rx9KgkBnMcyinxLycLScCb7AHn32FYuyPJuvnYy/FOREX%20EXPERT%20ADVISOR.jpg)\n\nWelcome to forex, the largest financial market in the world! This dynamic market is open 24 hours a day, six days a week. This means that one can trade forex at almost anytime during the week, no matter where you are situated. As technology has developed and forex traders are able to trade from their computers or Smartphones, [automated forex trading](https://www.platinumtradingacademy.com/guide-to-automated-trading/) has become more and more popular. In this article, we will discuss forex Expert Advisors (EA), which is a type of [automated trading system](https://en.wikipedia.org/wiki/Automated_trading_system).\n\n<h1>MetaTrader 4</h1>\nIn order to trade on the forex markets, you will need to use a trading platform, which is provided by a forex broker. One of the most popular trading platforms is MetaTrader 4 (MT4). The MT4, which is a trading software program, can be easily installed on your computer or Smartphone. The platform is user-friendly, which makes it ideal for beginner traders. At the same time, the platform offers features customizable charts and is totally comprehensive, which makes it an excellent tool for the experienced trader.\n\n<h1>What Is an Expert Advisor?</h1>\nIn a nutshell, an Export Advisor is a software program which is an automated trading system. The program can indicate to a trader when to execute a trade or it can automatically execute the trade, based on pre-programmed instructions. An important feature of an Export Advisor is that it can be run on any MetaTrader 4 or MetaTrader5 platform. A trader can use an existing Export Advisor which has pre-set parameters, or they can design their own Expert Advisor, using parameters of the trader’s choosing.\n\n<h1>How Is a forex Expert Advisor different from a Forex Robot?</h1>\nIn forex literature, the terms “Expert Advisor” and Forex Robot” are often interchanged. However, it is important to differentiate between these two concepts. Both are automated trading programs which were developed to identify market patterns which can generate trading signals. A Forex Robot can be programmed to trade automatically and continuously on a trader’s behalf, without the trader needs to be in front of the computer during the trading. In other words, a Forex Robot conducts the entire trade – it determines the entry point, places the trade, and exits from the trade, all this without any participation from the trader. On the other hand, the forex Expert Advisor provides the trading signals, but it is the trader who decides whether or not to place the trade. If the trader likes what she sees, she will then have to manually authorise the trade.\n\n<h1>Watch this video: The Platinum Extreme Zone Strategy(02mins 05secs)</h1>\nhttps://youtu.be/X6ASEj1FwNU\nThe Platinum Trading System’s Confluence Matrix algorithm studies 18 indicators and combines them with Institutional Order Flow. It offers a simple, effective, and manageable user interface with a unique alert system that guides any trader with any level of experience to pick the perfect entry point time and time again.\n\nEmbracing our Forex Trading Strategies will open your eyes to professional methods of trading, and will help you to powerfully and precisely trade the markets.\n\nIntraday, Swing, End of Day, Longer-Term? No matter what type of Forex trader you are, the Platinum Trading Academy has got you covered with our simple-to-use forex trading strategies!\n\nWould you like to receive the Platinum Trading Academy Closing Bell videos?\n\nWhen you subscribe to The Platinum Trading Academy Closing Bell will give you FREE ACCESS to:\n\n* Latest Trading Events\n* Latest Trades and Trading Results\n* Daily Market Wrap\nThese videos will give you an idea on how our Traders Swing, Intraday and Position Trade.\n\n[SIGN UP TO PLATINUM TRADING ACADEMY CLOSING BELL TODAY!]([email protected])\n\n<h1>What is the best Expert Advisor for MetaTrader?</h1>\nA casual search on the internet will bring up dozens of expert advisors in forex. The list can be dizzying, as there are literally thousands of Expert Advisors being advertised. How can a trader determine what is the right expert advisor to choose? One must be careful not to fall into the trap of an advertisement promising huge profits if you purchase their Expert Advisor or Forex Robot. This, of course, is nothing but a scam.\n\nHow can you avoid the scammers and choose the best Expert Advisor? We do not recommend any specific Expert Advisors, but some research on the internet will help you make an informed decision. The first step is to research an independent website which has tested and rated various Expert Advisors. Some reputable independent sites include Forex Ratings, myfxbook and forex peace army. These sites provide extensive details about expert advisors and some even provide a “Top 10” list of the best Expert Advisors. However, it is your responsibility to do the necessary research and select an EA that is suitable for your needs and goals. If the description of a particular EA looks appealing, we would recommend that you conduct further research on the internet about this product. As well, you may be able to ask your forex broker about their opinion of a particular EA.\n\nThere is, of course, no “perfect” Expert Advisor in forex. Don’t expect to pick a forex Expert Advisor and watch it scoop up the profits while you relax in the sun. In order to have a profitable forex expert advisor, you will need to understand how the Expert Advisor works, so that you can change the settings as needed. This means you should have a trading strategy in place before you begin making forex trades. It is important that you are familiar and comfortable with the EA software and understand how to change the settings if market conditions change since the settings will have to be changed manually. It is also important that you determine your risk tolerance so that you can choose proper risk settings on the EA, such as leverage. Ideally, your EA should be fine-tuned to settings that reflect your trading style and strategy.\n\n[Would you like to take a 2 day free trial of our Platinum Algorithm?]([email protected])\n\n<h1>Backtests and Demo Accounts</h1>\nForex trading carries considerable risk; therefore, it is important not to rush into trading on the live forex market with an EA before carrying out two important steps:\n\n1. Backtests on historical market data\n2. Demo account test\n\n<b>Backtests</b>– The MetaTrader 4 software features a strategy tester which can simulate performance over a defined period of time. This will provide information on past performance, but keep in mind that the data may not be 100% accurate, since it has been provided by brokers. Still, this information is useful in providing a picture of how well the EA has performed in the past.\n\nIf you run the backtests and the EA passed with flying colours, keep in mind that past performance is not an indicator of future results. Now it’s time to test the EA on a demo account.\n\n<b>Demo account</b> - A demo account is a “practice” account, which enables a trader to simulate trading in the live market, but without any risk. In order to make the most use of a demo account, the parameters of the trade you plan to make on the live market should be duplicated, to the fullest extent possible, on the demo account (deposit type, deposit amount, leverage, currency pair, etc.) This means that the demo trade should mirror the live market trade.\n\nIn addition to being risk-free, a demo account allows you to test the EA and see how well it performs on the trading platform. You should only proceed to live trading when you are satisfied with the results of numerous practice trades on the demo account.\n\n<h1>Reasons to use a Forex Expert Advisor</h1>\nLet’s now take a look at the advantages and disadvantages of forex Expert Advisors:\n\n<b>Advantages</b>\n\n1. An EA doesn’t need to sleep or rest; it can continuously monitor price action on the forex markets, 24/7. A human trader is unable to function on such a schedule and cannot monitor the forex markets without taking breaks.\n\n2. A human trader is susceptible to making a trade based on greed or fear, which could result in an irrational trading decision which could negatively impact on the trader’s account. An EA does not have any emotions, and therefore any trading move is purely rational.\n\n3. An EA can easily be subjected to a backtest in order to determine past performance (although, as we discussed earlier, the results may not be entirely accurate).\n\n<b>Disadvantages</b>\n\n1. A trader may not fully understand the EA software and might inadvertently use it improperly. For example, the settings on the program might be improperly placed, which could result in the EA failing to execute trades in the manner in which you had intended. This could result in losses in your account.\n\n2. The EA is limited to making use of programmable information. There may be other valuable information that could be useful in trading, but if it is not programmable, it cannot be used by the EA.\n\n[Would you like to take a 2 day free trial of our Platinum Algorithm?]([email protected])\n\n<b>Conclusion</b>\n\nThe aim of this article has been to provide the reader with insights on the use of Expert Advisors in forex trading. Expert Advisors are useful trading tools which can monitor markets continuously, but it is important that you choose a reputable Forex Expert Advisor and also understand how the program works, to ensure that the settings on the EA reflect your trading strategy and maximize the likelihood of executing winning trades. At Platinum Trading Academy, we provide [step-by-step mentoring](https://www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/) and in-depth training courses, which will help make you a successful trader. Find out more about our [dynamic courses](https://www.platinumtradingacademy.com/forex-trading-course/). \n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "title": "Hopefully, you have enjoyed today’s article. Thanks for reading!  Have a fantastic day!  Nisha Patel  Live from the Platinum Trading Floor."
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      "body": "![HOW TO TRADE GBPUSD.](https://cdn.steemitimages.com/DQmWLLTfwPdNEei5oNP5P9ZBASJhJqbvMitUAZKwxdRTueG/HOW%20TO%20TRADE%20GBPUSD.jpg)\n\nTrading in the forex market can be both challenging and exciting, and at Platinum Trading our goal is to provide you with the tools of [how to become a successful forex trader](https://www.platinumtradingacademy.com/how-to-become-successful-forex-trader/).\n\nIn this blog, we will discuss how to trade GBP/USD. This pair is also known as “cable”, a name which comes from the days of the telegraph when the pound and dollar were the most traded currencies.\n\n<h1>Why Trade GBP/USD?</h1>\nIn the forex market, traders buy and sell [currency pairs](https://en.wikipedia.org/wiki/Currency_pair); a currency cannot be traded ‘by itself’. GBP/USD is the third most traded currency pair, after EUR/USD (euro against the dollar) and USD/JPY (dollar against the yen). GBP/USD accounts for about 10% of total global forex volume, which is over $5 trillion in daily average turnover. The US dollar and the British pound are both stable currencies that are widely traded, which makes the pair a solid choice for a [currency pair to trade](https://www.platinumtradingacademy.com/best-currency-pairs-to-trade/).\n\n<h1>How to Trade GBP/USD?</h1>\nAs we discussed earlier, the pound is traded on the forex market as a currency pair. For example, one could trade EUR/GBP (euro against the pound) or GBP/CAD (pound against Canadian dollar). We will focus on GBP/USD.\n\nIf we go on the internet and check a bank or forex website, we can find that the current price for GBP/USD - let’s assume the price is 1.3010. This is also called the exchange rate between the two currencies. This means that 1 pound is trading at 1.3010 U.S. dollars, so in order to purchase 1 pound, you would have to pay US$ 1.3010. If the pair moves higher, for example, to 1.3060, this means that the pound has strengthened (appreciated) against the dollar. Conversely, if the pair drops, say to 1.2950, then the pound has weakened (depreciated) against the dollar.\n\nSince we are trading a currency pair, we can also make a trade in which we sell the pound against the US dollar. For example, a trader could sell GBP/USD at 1.3100. If the rate then drops to 1.3050, they can now buy those pounds back at the cheaper rate, with the difference of 50 pips between the two rates being her profit.\n\nKeep in mind that, like the stock markets, exchange rates are constantly fluctuating. Traders are always looking to make a profit by ‘buying low and selling high’ – in the case of forex, this means buying a currency pair at a low rate and then selling it a higher rate.\n\nAlthough exchange rates are constantly fluctuating, the actual movement is usually very small. Most currency pairs are quoted to the fourth decimal place, which is called a pip. The pip is the basic unit of measure used in forex trading.\n\nSuppose we want to trade GBP/USD and the current price is 1.3050. If 30 minutes later GBP/USD has risen to 1.3100, then it has increased by 50 pips. Although a pip is a very small number, a movement of even one pip can mean significant profit or loss for a trader, because forex trades are usually heavily leveraged (we will explain leverage shortly).\n\n<b>Let’s use this example to understand how to trade GBP/USD and make a profit</b>:\nWe said that the current price of GBP/USD is 1.3050. If you purchase 100,000 pounds at that rate, it would cost you US$ 130,050. Now, when GBP/USD rose to 1.3100, the pair has increased by 60 pips. This means that the value of your U.S. dollars has risen to $131,000. If you were to close your trading position and sell that pounds that you bought earlier, you would have made a profit of $950 (131,000 -130,050).\n\n<h2>Watch this video: How to trade the GBP/USD Pair(07mins 05secs)</h2>\nhttps://youtu.be/ROAAJiz3-ls\n\n\n<h1>Leverage</h1>\nIf you’re saying to yourself, “sounds great, but I don’t have a spare $130,000 lying around!”, you need not worry. If you want to make a trade and purchase 100,000 pounds with U.S. dollars at a rate of 1.3050, you aren’t expected to put $130,500 in your trading account. Rather, traders use leverage, which allows a trader to open a position which is much larger than the amount of capital which they need to put down. The leverage is provided by the forex broker, who is the intermediary between the trader and the forex market.\n\nIf a broker is providing you with 100:1 leverage, for example, this means that you can control a position of 100,000 pounds, but you only need to put down 1,000 pounds in your trading account. Great, right? Well, yes, but a note of caution - while leverage allows a trader to control very large positions, keep in mind that leverage carries with it significant risk, so it is always important essential to “handle leverage with care”. Leverage is a wonderful trading tool, but it should always be used in a responsible and disciplined manner.\n\n\n\n![PLATINUM TRADING ACADEMY CLOSING BELL TRADES OF THE DAY!_PLAYICON.](https://cdn.steemitimages.com/DQmeV73BZZZzPifYySmchUddXoegbeK46LEAKCJoKp1asjp/PLATINUM%20TRADING%20ACADEMY%20CLOSING%20BELL%20TRADES%20OF%20THE%20DAY!_PLAYICON.jpg)\n\n<h1>Technical and Fundamental Analysis</h1>\nIn order to be successful when you trade GBP/USD, you need to be familiar with two methods which are used to follow the markets and try and forecast in which direction GBP/USD might behead. The two most popular methods utilized in forex trading are technical analysis and fundamental analysis. You may prefer one method over the other, or decide to use both methods in your trading strategy. Let’s briefly review these two methods.\n\n1.<b>Technical Analysis</b>\nTechnical analysis focuses on the price movement of an asset, which in this case is GBP/USD. Traders examine the historical movement of the currency pair through trends and patterns, with the aid of charts and graphs. The identification of patterns is then used to predict future price movement. Technical traders observe parameters such as support and resistance levels, as well as indicators which are based on price or volume.\n\n2.<b>Fundamental Analysis</b>\nFundamental analysis examines economic and other developments that can affect the movement of a currency pair. Key events which can move the markets include Gross Domestic Product (GDP), employment reports and interest rate moves. These economic and political events are known as fundamentals. If you are trading fundamentals, you should be paying close attention to events that are being released on that day (and several days ahead). An important tool for forex traders is the use of an economic calendar, which lists economic and political events that may have an impact on the forex markets.\n\n<h1>When is the Best Time to Trade GBP/USD?</h1>\nA major advantage of forex trading is that the forex market is open 24 hours, six days a week. However, some times are better to trade than others. As a trader, you want to be engaged in the market when there is some volatility, which provides the opportunity to profit on price movement. If we analyse daily volatility, it is apparent that GBP/USD shows a peak in volatility between Tuesday and Thursday. The reason for this is that trading activity starts slowly on Sunday and picks up the pace on Monday before reaching its peak in mid-week. After Thursday, activity lessens and comes to a complete halt on the weekend. Thus, the best time to trade GBP/USD is mid-week. Of course, this doesn’t mean that you can’t make winning trades on other days, but mid-week trading is likely to provide the greatest fluctuation in the currency pair’s movement.\n\nWhat is the best time of day to be trading? As we mentioned, [the forex markets are open 24 a day](https://www.platinumtradingacademy.com/how-to-trade-the-forex-market/), and there is some overlap between the different time zones. The two largest markets, New York and London are open for trading (between the two of them) between 8:00 and 22:00 GMT. The ideal time to trade GBP/USD is when both of these markets are open, which is when forex trading is most active. This window is a 3-hour span, between 13:00-16:00 GMT. The biggest daily moves from GBP/USD usually take place during this window, which would be the preferred time to make trades.\n\n[LEARN TO TRADE THE TOP FINANCIAL MARKETS IN 2020!](https://www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/)\n\n<h1>Trading Platform</h1>\nOnce you are ready to trade GBP/USD, you will need to choose a forex broker. The broker will provide you with a trading platform, which allows you to make live forex trades. However, it is highly recommended that you first make trades on a demo (practice) account; this allows you to trade GBP/USD in a practice format, without any risk. Once you have become thoroughly comfortable with the trading platform, you can then engage in live trading.\n\n<b>Summary</b>\n\nGBP/USD is one of the most popular currency pairs and is an excellent choice for forex traders. We hope that this blog has provided you with some useful insights on how to trade GBP/USD. We wish you the best of luck in your forex trading!\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![ALGORITHMIC TRADING.](https://cdn.steemitimages.com/DQmeCgxQQWWXYDYwqGkK3A8Ari9i6NzW9KFkw9PUsn4Pyhw/ALGORITHMIC%20TRADING.jpg)\n\nIn this blog, we will discuss [algorithmic trading](https://www.platinumtradingacademy.com/guide-to-automated-trading/). This trading method, also known as automated trading or black-box trading, is used extensively in forex trading. With the introduction in financial markets of online trading and automated trading, algorithmic trading systems have grown in popularity. We will discuss how does algorithmic trading work and what are some effective algorithmic trading strategies.\n\n<h1>What is Algorithmic Trading?</h1>\nAlgorithmic (algo) trading uses a computer program to place trades. The computer program is based on an algorithm, which is a defined set of instructions. These instructions generate trade signals which can be executed on the trading platform. The computer instructions take into account key variables, such as time, price and volume. In essence, trading transactions make use of advanced mathematical methods to make pre-determined, high-speed trading decisions.\n\nOne of the questions that arise is algorithmic trading legal. The answer is yes. Of course, it is always prudent for a forex trader to use a reputable forex broker as there are scams and abuses in the forex market, no different than other business. The same rule goes with algorithmic trading – if you are executing trades through a reputable broker if it is reasonable to assume that the broker has ensured that the algo trading platform it is offering to clients is legal.\n\n<h1>What Percentage of Trading is Algorithmic?</h1>\nIt may surprise you to learn that in the global equity markets, some 80% of trades are made by computers rather than by humans. In the forex markets, algorithmic trading accounts for about 20% of all spot trades. The numbers are much higher among large financial institutions, such as investment banks, mutual fund companies and pension companies. These organizations require the speed and data processing advantages that computers can offer over manual trades. The answer to does algorithmic trading work is clearly affirmative, or these large financial corporations would not spend money on such a method.\n\n<h1>What are the Benefits of Algorithmic Trading?</h1>\nMost of the daily transactions which occur in the financial markets are made with algorithmic trades. The advantage of utilizing computers is that machines are able to perform complex calculations in mere microseconds; a human, on the other hand, would require hours or days to complete such tasks. As well, humans inevitably commit errors, which of course is not a concern with computers.\n\nThere are additional benefits for corporations from utilizing algorithmic trading. This includes being able to provide clients with lower spreads, increasing efficiency and providing greater transparency and an audit trail. As well, algorithmic trading reduces market impact, especially in the case of very large trades.\n\nIndividual forex traders are increasingly utilizing algorithmic trading programs. Algo trading offers a method of keeping emotion out of a trade. Often, traders become emotionally connected to a position and make a move that may not be the most rational. With algorithmic trading, the trader can eliminate the risk of emotional attachment and leave the trade in the hands of the computer. As well, algo trading offers the ability to trade 24 hours a day, without the need to physically be in front of a computer and monitor the market.\n\nA word of caution – algo trading eliminates manual intervention in forex trade, but it does not reduce the risk involved in forex. Is algorithmic trading profitable? The answer is yes! However, a key rule in forex is once you have developed a trading strategy, it is prudent to test that strategy on a demo (practice) account, in order to experiment without entailing any risk. The same rule applies to algo trading; once you feel comfortable executing a trade using algorithms, make sure to test it out on a demo account. If you are satisfied with the results, then it’s time to make the move to live to trade!\n\n[GENERATE A SECONDARY INCOME IN LESS THAN 30 MINS A DAY!](https://www.platinumtradingacademy.com/free-consultation-session/)\n\n<h1>How to start Algorithmic Trading</h1>\nIf you are interested in how to learn algorithmic trading, make sure that your trading platform offers this application. If you’re not sure where to begin, may we suggest taking a look at MetaTrader4, which is one of the most popular forex trading platforms? MetaTrader4 is tailored to algorithmic trading for beginners and also provides algorithmic trading. Once you have settled on a trading platform, you will need to choose a forex broker in order to place your trades.\nYour trading platform will provide you with instructions on how to submit an algorithmic order. This should include the following parameters (the captions of the parameters may vary slightly):\n\n1.  <b>Amount</b> – specifies the order size of the position\n2.  <b>Venue</b> – used to select the bank providing the algo\n3.  <b>Limit fields</b> – this sets the limit prices for a trade so that a trade is only executed within these prices\n4. <b> Duration</b> – specifies the start and end times of the trade\n\n<h1>Algorithmic Trading Strategies</h1>\nLike other trading methods, the goal of any algorithmic trading method is to achieve optimal trading execution at the best possible price. Let’s take a look at some of the most popular algorithmic trading strategies. You can select any of these methods or mix and match them into a trading strategy that works best for you.\n\n<b>Trend Following</b> – This method follows market trends. Buy and sell orders are generated based on instructions which are fulfilled when technical signals have been triggered. A well, the instructions can be set to review historical and current data in forecasting whether a current trend is likely to continue or reverse directions.\n\n<b>News-based</b> – Many traders “trade the news”, relying on the fact that financial or political news can move markets. An algorithmic trading system can be connected to news sites, with trade signals being generated based on breaking news events.\n\n<b>Mean Reversion</b> – this system relies on the presumption that markets trade within a range of 80% of the time. In this method, the algorithms are set to calculate an average asset price, under the assumption that it’s likely that the current price will eventually return to the average asset price.\n\n\n<b>Arbitrage</b> – this trading system checks for price discrepancies across different markets and makes a profit on the spread. However, forex price differences are so minute, that a trader would have to trade a very large position in order to make significant profits.\n\n<b>High-frequency Trading</b> – This method is suitable for high trading volumes, with the algorithms detecting quick price fluctuations which trigger buy or sell signals.\n\n<h1>How to Build the Algorithmic Trading System</h1>\nAs we mentioned earlier, many forex brokers provide trading platforms which provide algo trading, such as the popular MetaTrade4 trading platform. These platforms come with built-in indicators, allowing the trader to select their trade parameters at the push of a button. This is ideal for the beginning trader or an experienced trader who is content to use the algorithms provided in the platform.\n\nFor those experienced traders who are looking to go a step further, there is the option of developing your own algo trading application. Such traders will certainly benefit from the knowledge of the MQL5 programming language, but a programming background is not a prerequisite, thanks to the features on the MetraTrader5 platform. This platform enables traders to custom develop trading applications.\n\n<h1>Why Trade With Platinum Trading Academy?</h1>\nMany traders jump into the forex arena with little or no preparation, confident that they will ‘figure out on the go’ how to make money trading currency. However, these individuals have a lack of knowledge about the forex market and have failed to prepare a trading strategy. More often than not, these traders are left disappointed, after seeing their capital quickly disappear. Taking steps in order to learn online trading is essential to becoming a successful trader - this point cannot be overemphasized. In order to learn how to trade currency and make money, every trader needs discipline and a trading strategy that fits his or her needs and goals.\n\nPlatinum Trading Academy is tailored for a trader at any level, whether a relative beginner or an experienced trader. We provide each of our students with a private forex mentor, rather than a “one size fits all” seminar or webinar course. With Platinum’s step-by-step mentoring and in-depth training courses, you will learn how to trade online and how to develop an effective trading strategy. If you are looking for an online algorithmic trading course that will build your confidence and produce consistent results, then Platinum Trading offers a superb algorithmic trading training experience!\nCheck us out [here](https://www.platinumtradingacademy.com/forex-trading-strategies/). \n\n[GENERATE A SECONDARY INCOME IN LESS THAN 30 MINS A DAY!](https://www.platinumtradingacademy.com/free-consultation-session/)\n\n<b>Summary</b>\n\nThis article has provided an explanation of algorithmic trading, and provided algorithmic trading strategies and insights into this method of trading forex. Algorithmic trading is especially popular with large financial institutions, but it is gaining popularity among individual traders, who are eager to utilize its benefits as part of a successful trading strategy.\n\n<h1>The Platinum Trading System</h1>\nThe Platinum Trading System has been around for over a decade and has proven itself an incredibly effective trading tool to traders all around the globe. It has allowed traders to utilise Platinum’s unique trading strategies, only made possible by our unique algorithm.\nBelow you will find short explanations of our Trading Strategies, and see first-hand how powerful Algorithmic Trading can be when used correctly.\n\n<h2>End of Day Strategy</h2>\nhttps://www.youtube.com/watch?v=nSgTTZJ5h7Y\n\nThis Strategy allows you to take advantage of the Crossover between the London Trading Session, and the New York Trading Session. During a certain time of the day, volatility increases as order flow shifts over from the United Kingdom, to the United States. Knowing how and where to trade this volatility is what will separate you from the every-day trader, to the true professionals.\n\n<h2>Asian Range Trading Strategy</h2>\nhttps://www.youtube.com/watch?v=2JoTmCcByIg\n\nSimilar to the End of Day Strategy, this strategy once again takes advantage of a Crossover. This time we’re looking at the crossover between the New York Session, and the Tokyo Session. Crossovers are an important time in the markets, as it affects not just retail traders trading from home, but large institutional traders trading on powerful computers in their glass towers. Take note of these crossovers, and use them to your benefit.\n\n<h2>Extreme Zone Strategy</h2>\nhttps://www.youtube.com/watch?v=X6ASEj1FwNU\n\nThis strategy makes use of extreme volatility. There are times in the market, such as during High-Impact News Events, that volatility goes from zero to a hundred. Most of the time you’d want to completely avoid the markets during these times. However, using the Extreme Zones plotted by our algorithm, there is still an opportunity to extract a decent profit from the market, while your fellow traders simple sit back and wait for the storm to pass.\n\n<h2>News Trading Strategy</h2>\nhttps://www.youtube.com/watch?v=wpxEtzET3ps\n\nUnlike the Extreme Zone Strategy, this is for the more general news events, such as interest rate decisions, inflation announcements, retails sales, those that don’t have as much of an impact but still manage to move the markets by a significant enough margin to justify trading. Simply plot your trades in line with the strategy outlined in the video, and let the markets do the rest.\n\n<h2>Range Reversal Strategy</h2>\nhttps://www.youtube.com/watch?v=5-mCl5zRVn8\n\nThis strategy utilises an important trading level. Prices ending in 80. This strategy is only made possible using our unique trading algorithm. As explained in the video, this strategy is usable anytime there aren’t high-impact events either expected or ongoing. Simply match a third or fourth zone with a price ending in 80, and set up your trade.\n\n<h2>Double Zero Confluence Strategy</h2>\nhttps://www.youtube.com/watch?v=eAMsryIhXoc\n\nSimilar to the Range Reversal Strategy, this strategy utilises prices ending in 00. This strategy is also usable at any time so long as there aren’t high-impact events either expected or ongoing. The only difference between this strategy and the Range Reversal Strategy is that the Double Zero Confluence Strategy is not confined to just 2 Zones, but is usable in any of our Buy or Sell Zones.\n\n<h2>Trend Continuation Retracement Strategy</h2>\nhttps://www.youtube.com/watch?v=vYAnBc_17ME\n\nThe Trend Continuation Retracement Strategy is a little more complex than the previous strategies but is relatively simple once you understand it. There is one simple condition for this strategy to become active. A pair must reach a 5th Zone. Once it reverses, you’ll want to apply your Fibonacci Retracement, and prepare to trade either the 61.8 or 38.2 retracement level.\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![HOW TO TRADE FOREX.](https://cdn.steemitimages.com/DQmNvYLzNs8f1p7VQ7ZFb2SG9C1NRTbGAnQWPvG6uUMU4oQ/HOW%20TO%20TRADE%20FOREX.jpg)\n\nThe forex market is the largest financial market in the world. This blog will discuss how to trade forex successfully and how to build a strong forex trading strategy. Before we delve into how to trade forex, let’s start with a brief review of forex trading.\n\n<h1>What is Forex Trading?</h1>\nForex trading involves the trading of one currency against the other. Similar to other financial markets, the goal in any forex trade is to make a profit. The forex market is the largest trading market in the world, boasting a daily volume of approximately $6.6 trillion. The global forex market completely dwarfs the world’s equity markets, which trade around $200 billion each day. In the stock market, a trader will buy and sell the stock of a particular company, such as Amazon or Facebook. However, in the forex market, traders buy and sell currency pairs; a single currency cannot be traded ‘by itself’. Examples of a currency pair are EUR/USD (Euro Dollar), GBP/USD (Pound Dollar) or USD/JPY (Dollar Yen).\n\nLike the stock market, the forex market is constantly fluctuating. However, since the actual movement of currencies is usually very small, most pairs are quoted to the fourth decimal place, which is called a pip. In forex trading, the basic unit of measure is a pip.\n\n<h2>Watch this video: Learn To Trade(02mins 15secs)</h2>\nhttps://www.youtube.com/watch?v=miI7_ELnyRc\n\n<h1>Forex Trading Steps</h1>\nHow to trade with forex? Let’s look at some simple but important steps, which will help us learn how to trade forex successfully.\n\n<b>1) Choose a currency pair</b>\nAs we discussed above, when trading forex, you always trade currencies in a pair. There are dozen of currencies that you can trade, but if you looking for how to trade forex for beginners, we suggest that you select one of the major currency pairs, such as EUR/USD.\n\n<b>2) Research and Analysis</b>\nIn order to learn how to trade profitably, you will need to become familiar with the forex market, which is dynamic and challenging. It is important to thoroughly research the currency pair that you have selected to trade. The two most popular methods of analysis for forex trading are fundamental analysis and technical analysis, which are beyond the scope of this article. Take some time to review these two methods. You can then use one or both of them as part of your trading strategy for how to trade forex.\n\n<b>3) Reading the Forex Quote</b>\nIn order to make a forex trade, we need a market quote (price). In the case of forex, there are two prices – the buy price and the sell price.\nLet’s use the quote below, which is EUR/USD:\n![Currency Pairs.](https://cdn.steemitimages.com/DQmVjsr3ah2sLsKHLasfP6ZjFs3qwxHDAAvtmKYLBEiRzEv/Currency%20Pairs.png)\nSource: Forex.com\nThe sell price (1.0717) is the price at which you can sell EUR/USD. This means that 1 Euro is selling for US$1.0717 (we can ignore the fifth decimal for now). The buy price (1.0719) is the price at which you can buy EUR/USD. This means that in order to buy 1 Euro, you would have to pay US1.0719. The difference in the buy and sell price is called the spread, which is the amount that the forex dealer charges for making the trade.\n\n <b>4) Choose Your Trading Position</b>\nThe next step in how to trade forex is taking a position on a currency pair. This means that you are speculating that one currency will go up, while at the same time the other currency goes down. In our example above, you can enter a buy position or a sell position:\n<b>Buy position</b>– you purchase EUR/USD at 1.0719, believing that the pair will move higher. Later in the day, the pair is trading at 1.0749. The pair has moved higher, so if you now sell, you will have made a profit of 30 pips. If the pair dropped to 1.0700 and you decide to close your position, you would have a loss of 19 pips on the trade.\n\n <b>Sell position</b>– If you feel that EUR/USD will drop, you would enter a sell position, at 1.0717. If your hunch was correct and the pair dropped to 1.0703, you could then close your position and make a profit of 14 pips. If the pair went up to 1.0725 and you decide to close your position, you would have a loss of 8 pips on the sale. It is the constant movement in the forex market which allows traders to make a profit. Of course, it is you the trader who decides how long to hold onto a position. Inevitably, there will be ups-and-downs when trading; however, developing a trading strategy and being disciplined will make you more successful in your journey of how to trade forex.\n\n<h1>Why Trade Forex?</h1>\nLet’s take a look at some of the benefits that come along with trading forex:\n\n1.  <b>Lifelong Skill</b>\nForex trading is a skill that can be developed, mastered and put to good use. In order to become a successful forex trader, you must be willing to educate yourself, work hard and adhere to certain guidelines, which we call a trading strategy. Trading will inevitably have its ups-and-downs, but as you develop your trading techniques, you are learning an important skill that will last you a lifetime. As a trader, you will develop attributes such as patience, mental toughness and adaptability. These traits are certainly beneficial in all aspects of life.\n\n2.  <b>Time vs. Money</b>\nEvery day, each of us has to deal with the issue of time vs. money. Time is a finite resource, so when you are paid for your job, you are trading (no pun intended) time for money. The income that you are earning is limited by the number of yours that you work. As a trader, however, your profit on a single trade could be as much as your income from hours of work! Thus, forex trading enables you to increase your money at a much faster rate than if you were working. Trading has its risks of course, but as you develop a successful trading strategy, you will increase your earning potential.\n\n3.  <b>Extra Source of Income</b>\nIt is no secret that many workers don’t like their jobs, and it’s certainly a blessing if you wake up with a smile as you think about the workday. Even if you do enjoy work, it’s always a good thing if you can develop an additional source of income. Don’t expect to get rich off forex and quit your day job, even if you pass a forex course with flying colours. At the same time, if you become successful at forex trading, you will have developed an additional source of income and become more financially independent.\n\n\n![mistakes to avoid in forex market.](https://cdn.steemitimages.com/DQmQRPxMSZBfvoVG47Rr23y4sSmQv9JwCFLTAAc7fq392hk/mistakes%20to%20avoid%20in%20forex%20market.png)\n\n<h1>Leverage</h1>\nWe mentioned earlier that currencies usually move in very small increments. So how can a trader make a profit on such small moves? The answer is through the use of leverage, which allows a trader to hold large positions, without the need to put down large amounts of capital.\n\n<b>Let’s take a look at how we can use leverage, this time trading GBP/USD:</b>\nSuppose GBP/USD is trading at 1.2900. If you purchase 100,000 British pounds, this has cost you $129,000. If later in the day GBP/USD rose to 1.2950, GBP/USD has increased by 50 pips – if you decide to sell your pounds, you will receive $129,500, which leaves you with a profit of $500 (129,500 – 129,000).\n\nThe profit sounds great, you say to yourself, but the last time I looked, I didn’t have a spare $129,000! Well, not to worry. When you purchase 100,000 British pounds with U.S. dollars in the above example, you aren’t expected to literally put down $129,000 into your trading account. Through the use of leverage, a trader can open a position which is much larger than the amount of capital which she needs to put down. If a broker is providing you with 100:1 leverage, for example, this means that you can control a position of 100,000 pounds with only 1,000 pounds in capital. While leverage allows a trader to control very large positions, keep in mind that leverage carries with it significant risk, so it is essential to always “handle leverage with care”. A key component of how to trade forex is making use of leverage in a responsible and disciplined manner.\n\n<h1>How to Build a Strong Forex Trading Strategy?</h1>\nIn order to learn how to trade forex market with success, you will need to develop and follow a trading strategy. As you may have already guessed, there is no “one-size-fits-all, perfect trading method. Each trader has their own temperament, risk tolerance and understanding of the forex market. Similarly, every trader has to develop a strategy that fits their needs and goals – it is likely that you will need to make changes to your strategy, as you learn more about the markets and gain experience as a trader.\n\nAt the same time, you don’t have to create a trading strategy from scratch. Let’s look at some ideas that you can incorporate into a winning system for how to trade forex:\n\n1.  <b>Time Frame</b>– Your first step in designing your trading strategy is to determine what type of trader you want to be. Are you interested in day trading, or do you want to hold onto a position for days or even weeks at a time? Once you’ve established your time frame, you can then learn which trading signals are relevant to your trades and use them as part of your trading system.\n\n2.  <b>Indicators</b>– It is important to become very familiar with forex indicators. These indicators are your signal to forecast price changes in the market. There are many indicators out there (some can even be contradictory).You will want to choose a few and incorporate them into your trading strategy.\n\n3.  <b>Define Your Risk Tolerance</b>- Any trader will tell you that “you win some and lose some”. Of course we like to think that a trade we make will be a winner, but it is always prudent to keep in mind the potential loss of a trade. Risking all of your capital on one trade is never a good idea. Risk tolerance will vary from trader to trader, so you will need to define how much risk you can live with. An old rule of thumb for how to trade forex is that if you are losing sleep over a trade that you made, then it was too risky a move.\n\n4.  <b>Define Entries and Exits</b>- At what point should you enter the market, and when should you get out? There is no magic answer, of course. However, as you learn more about forex and the various indicators, you will learn to identify potential entry and exit points. It is also recommended to try various exit and entry points on a demo account – this will help you identify those points which work best for you.\n\n5.  <b>Follow Your Plan</b>- It is all well and good to research forex and learn about the market, but all that work on how to trade forex will go by the wayside if you don’t translate it into an effective plan of action. It is the disciplined trader who stands to be most successful. Make sure that you write down your plan – this will make it easier to follow than if you have a few ideas floating in your head. Stick with your trading strategy, always!\n\n6.  <b>Practice (and practice some more)</b>- Once you have your trading strategy in place, it’s time to try it out on a demo account. Some experts suggest trading on a demo account for up to two months before switching to a live account. Be patient and learn the ins-and-outs of trading before you trade on the live markets. You want to feel comfortable and confident with your trading strategy, and the ideal place to put it to the test is your demo account – there will be plenty of time later to trade on the live forex market.\n\n[LEARN TO TRADE THE TOP FINANCIAL MARKETS IN 2020!](https://www.platinumtradingacademy.com/financial-markets-trading/)\n\n<h1>Why Trade With Platinum Trading Academy?</h1>\nMany traders jump into the forex arena with little or no preparation, confident that they will ‘figure out on the go’ how to make money trading currency. However, these individuals have a lack of knowledge about the forex market and have failed to prepare a trading strategy. More often than not, these traders are left disappointed, after seeing their capital quickly disappear. Taking steps in order to learn online trading is essential to becoming a successful trader - this point cannot be overemphasized. In order to learn how to trade currency and make money, every trader needs discipline and a trading strategy that fits his or her needs and goals.\n\nPlatinum Trading Academy is tailored for a trader at any level, whether a relative beginner or an experienced trader. We provide each of our students with a private forex mentor, rather than a “one size fits all” seminar or webinar course. With Platinum’s step-by-step mentoring and in-depth training courses, you will learn how to trade online and how to develop an effective trading strategy. If you are looking for an online forex trading course that will build your confidence and produce consistent results, then Platinum trading offers a superb online forex trading experience.\n\n<h1>Online Forex Trading and Education</h1>\nYears ago, the only way a trader could execute trades from home was to make a telephone call to his broker to execute a trade. Trading in this method was, of course, cumbersome and inefficient. Fast forward to 2020, and online forex trading is a breeze, thanks to modern technology and the internet. Traders can now utilize their computers, laptops or even smartphones to execute trades and continuously monitor the forex markets, which are constantly fluctuating. Since online forex trading is ‘over the counter’ and not limited to a particular trading exchange, forex traders have the ability to execute trades at any time of day or night, five days a week.\n\nThere are literally hundreds of forex brokers on the internet that will enable you to participate in online forex trading. It is critical that you choose a reputable broker before you start to trade fix online. However, even before you begin to look for the right broker for you, you should first take advantage of what the internet has to offer and learn online trading free! That’s right – there’s no risk and no charge when you take a free online course. Bottom line? Before you jump into the forex markets, it’s important to take a step back and take a course to learn to trade forex online. A search on the internet will show dozens of online forex trading courses, many of which are free.\n\nIn addition to forex courses, an ideal way to learn how to trade online is to enrol in an online trading academy. Essentially, an online trading academy is a school where you will learn how to trade online, without having to pack a lunch and commute to class!\n\nA solid understanding of the forex market is essential to becoming a successful trader - this point cannot be emphasized enough. In order to learn how to trade currency and make money, every trader requires discipline and a trading strategy that fits his or her needs and goals.\n\n\n![Untitled-2.](https://cdn.steemitimages.com/DQmZPZ6ds21BMjjDy4Zb86F1s14Y1Fv4CyJsk2rCCvpo4Au/Untitled-2.jpg)\n\n<b>Summary</b>\n\nForex trading involves trading currency pairs, which are constantly moving up or down. In order to trade large positions without having to put down large amounts of capital, traders utilize leverage. It is essential to develop a trading strategy that matches your needs, goals and risk tolerance. Once this is in place, it is strongly recommended that you practice trades on a demo account before placing trades on the live forex market.\n\n[LEARN TO TRADE THE TOP FINANCIAL MARKETS IN 2020!](https://www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/)\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![HOW TO TRADE EUR USD.jpg](https://cdn.steemitimages.com/DQmVrAGhQpXk8WeMVUPdvzKbqxQRequsEEtfvSY4AkXX21X/HOW%20TO%20TRADE%20EUR%20USD.jpg)\n\nWelcome to the forex market! Forex trading can be both challenging and exciting, and at Platinum Trading our goal is to teach you how to make money trading forex. In this blog, we will discuss how to trade EUR/USD, also known as the Euro Dollar. In the forex market, traders buy and sell currency pairs; a currency cannot be traded ‘by itself’. The US dollar accounts for 88% of all forex trades, with the Euro in second place at 31%. EURUSD is the most heavily traded pair, accounting for about 25% of total global forex volume, which is over $5 trillion in daily average turnover.\n\n<h1>How Do We Trade EUR/USD?</h1>\nSuppose we check the internet and see that EUR/USD is currently trading at 1.1600. This means that 1 euro is trading at 1.16 U.S. dollars, so in order to purchase 1 euro, you would have to pay 1.16 US dollars. If the pair climbs, for example, to 1.1650 or 1.1720, this means that the euro has strengthened against the dollar. Conversely, if the pair has dropped, say to 1.1570 or 1.1520, this means that the euro has weakened against the dollar.\nLike the stock markets, currency rates are constantly fluctuating. Traders are always looking to make a profit by ‘buying low and selling high’ – in the case of forex, this means buying a currency pair at a low rate and then selling it a higher rate.\n\nWe mentioned earlier that currencies are constantly fluctuating. Since the actual movement of currencies is usually very small, most pairs are quoted to the fourth decimal place, which is called a pip. In forex trading, the basic unit of measure is a pip.\nSuppose we want to trade EUR/USD and the current price is 1.1620. If ten minutes later EUR/USD has risen to 1.1625, then it has increased by 5 pips. Although a pip is a very small number, a movement of even one pip can mean significant profit or loss for a trader, because forex trades are usually heavily leveraged (we will explain leverage shortly).\n\n<b>Let’s take a look at a simple example of how to trade EUR/USD and make a profit:</b>\nSuppose EUR/USD is trading at 1.1600. If you purchase 100,000 Euros, that would cost you $US 116,000. If later in the day EUR/USD rose to 1.1660, EUR/USD has increased by 60 pips - the value of your U.S. dollars has risen to $116,600, which leaves you with a tidy profit of $600.\n\n<b>Leverage</b>\n\nWhen you trade EUR/USD and purchase 100,000 Euros with U.S. dollars in the above example, you aren’t expected to put $116,000 in your trading account. Rather, traders use leverage, which allows a trader to open a position which is much larger than the amount of capital which she needs to put down. If a broker is providing you with 100:1 leverage, this means that you can control a position of 100,000 Euros with only 1,000 euros in capital. While leverage allows a trader to control very large positions, keep in mind that leverage carries with it significant risk, so it is essential to always “handle leverage with care”. A key component of how to make money trading forex is making use of leverage in a responsible and disciplined manner.\n\n<h1>History of the Euro Dollar Currency Pair</h1>\nAfter the Second World War, European countries banded together to form close economic and political ties. This led to the creation of the European Common Market in 1957, which became the European Union (EU) in 1993. Currently, the EU has 27 members and boasts the largest economy in the world, with some 450 million consumers. The increased political and economic integration between European countries resulted in greater economic prosperity, but the lack of a common currency hindered the move towards a truly integrated European economy. Many readers will recall travelling in Europe and having to exchange their currency for French francs, German Deutsche marks or Italian lire.\n\nEnter the euro. In simple terms, the euro is the official currency of the EU. The EU adopted the Maastricht Treaty in 1992, under which all EU members were supposed to adopt a common currency. However, not all EU members met the required financial regulations. As a result, when the euro was launched on January 1, 1999, only 11 countries adopted the euro as their official currency. At that time, the euro was used for accounting purposes only; actual bills and coins were not introduced until 2002 when the euro replaced the former national currencies.\n\nThose countries which have adopted the euro are known as the eurozone. As the EU has grown over time, so has the eurozone. Currently, there are 27 countries in the EU, 19 of which have adopted the euro and constitute the eurozone. These include the major economic powerhouses of Germany, France, Italy and Spain. (The United Kingdom, which is in the process of withdrawing from the EU, never adopted the euro and maintained the British pound as its currency.)\n\n<h2>Watch this video: What is the EUR/USD Forex Pair and How Can You Trade It? (05mins 23secs)</h2>\nhttps://www.youtube.com/watch?v=14rj-6Z2RGg\n\n<h1>EURUSD Trading Hours</h1>\nThe forex market trades 24 hours around the clock during the week, but as a trader, you want to be engaged in the market when there is plenty of volume and volatility. This provides traders with a greater opportunity to profit on a position. If we analyse daily volatility, it is apparent that EUR/USD sees a peak in volatility between Tuesday and Thursday. The reason for this is that trading activity starts slowly on Sunday and picks up the pace on Monday before reaching its peak in mid-week. After Thursday, activity lessens and comes to a complete halt on the weekend. Thus, the best time to trade EUR/USD is mid-week.\n\nWhen is the best time of day to be trading? The most active period for EURUSD is when the European and North American markets are open. The two largest markets, New York and London are open between 8:00 and 22:00 GMT. The ideal time to trade EUR/USD is when both of these markets are open, which a 3-hour window between 13:00-16:00 GMT. The biggest daily moves from EUR/USD usually take place during this window.\n\n<h1>EUR/USD Trading Strategies</h1>\nIn order to be successful when you trade EUR/USD, it is imperative that you adhere to a EUR/USD strategy. The two most popular methods in forex trading are technical analysis and fundamental analysis.\n\n1. Technical Analysis\nTechnical analysis involves the study of price movement. Traders examine trends and patterns on a chart, which represent the historical movement of the currency pair. The identification of patterns is then used to predict future price movement. According to technical analysis, all current market information is reflected in the currency’s price. Technical traders will monitor parameters such as support and resistance levels, as well as indicators which are based on price or volume.\n\n    An example of a EUR/USD strategy relying on technical analysis is “buy the breakout/sell the breakdown”. EUR/USD will often show limited movement for extended periods. This results in well-defined trading ranges, which eventually will be broken, either on the bottom (support) or the top (resistance). Once the range is broken, the movement of the pair can be substantial. Traders can take advantage of this movement, which can take the form of a strong rally or selloff.\n\n   The basis of technical analysis is the use of charts. The most popular chart used by forex traders is the candlestick chart, which provides detailed information of an asset (in this case a currency pair) over different time periods. Technical charts can display an impressive array of information, including trend, volume, volatility, momentum and market cycles.\n  \n   Don’t worry if, at first glance, a technical chart looks confusing, perhaps even intimidating. Any comprehensive online forex trading course will teach you how to read and use a technical chart. Technical analysis cannot, of course, predict the future. However, it can help identify trends and tendencies, which creates forex trading opportunities.\n\n2. Fundamental Analysis\n     Fundamental analysis examines economic, social and political forces and developments that may affect the movement of currency prices. Such events often affect the economy of the currency being traded. The most important events include Gross Domestic Product (GDP), employment reports, inflation and interest rate announcements. These economic and political events are known as ‘fundamentals’. Generally speaking, if a country’s economy is doing well, this will result in a strong currency.\n\n   Let’s take a look at some examples of how fundamentals can affect the direction of a currency. If the US releases an employment report was better than expected, this would be a positive development for the US dollar and would likely send EUR/USD downwards. Suppose that the U.S. Federal Reserve were to raise interest rates - this would probably send the dollar higher (which means that EUR/USD would weaken). Conversely, if a German inflation report was stronger than expected, this would be a positive development for EURUSD and would likely send EUR/USD upwards.\nA major political development could also cause a currency to fluctuate. If the UK and the European Union were to suddenly announce that they had reached a post-Brexit agreement, the Euro would likely soar, sending EUR/USD to higher levels. When you trade EUR/USD, you should be paying close attention to the fundamentals that are being released on that day (and several days ahead). An important tool for forex traders is the use of an economic calendar, which lists economic and political events that may have an impact on the forex markets.\n \n   Both technical and fundamental analysis is used for forex trading, and some traders will prefer one method over the other. Each method or both of them can be utilized when you trade EUR/USD.\n\n3. End of Day Trading Strategy\nhttps://www.youtube.com/watch?v=nSgTTZJ5h7Y\n\n<h1>Forex Trading Platform</h1>\nOnce you are ready to trade forex, you will need to choose a forex broker. This enables you to trade Euro to USD forex live on the forex market. However, it is highly recommended that you first become familiar with a forex platform by first opening a demo account; this allows you to trade EUR/USD in a practice format, without the risk of losing any funds. Once you are comfortable with the trading platform, you can then engage in live trading.\n\n![Untitled-2.](https://cdn.steemitimages.com/DQmZPZ6ds21BMjjDy4Zb86F1s14Y1Fv4CyJsk2rCCvpo4Au/Untitled-2.jpg)\n\n<b>Summary</b>\n\nEUR/USD forex trading is the most popular form of forex trading. We hope that this blog has provided some useful insights on how to trade EUR/USD. Whether you are a novice or an experienced trader, EUR/USD remains the most heavily traded currency pair, since it represents the two largest economies in the world.\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![WHAT ARE HEDGE FUNDS.](https://cdn.steemitimages.com/DQmW6tgy3nZxNPzUXchwBasFgRQP1phLsMpjAUE7a9YfCCk/WHAT%20ARE%20HEDGE%20FUNDS.jpg)\n\nIn this blog, we will discuss what are hedge funds and examine hedge fund strategies. Investors can make significant profits from hedge fund trading. At the same time, investors must remember that the potential for high returns carries with it a high degree of risk.\n\n<b>Diversification</b>\n\nAn investor looking to make a profit on the financial markets has a wide array of choices. The equity (stock) markets are one of the most popular methods, with thousands of stocks listed on exchanges across the world. Equities are vulnerable to the fluctuations of the market, so an important strategy to protect an investor’s capital is to diversify his portfolio. One type of investment that utilizes diversification is a mutual fund. This type of fund can be used to invest in different types of financial instruments, such as stocks or bonds. The portfolio of a mutual fund is made up of pooled funds from the investors who have invested capital in the fund. The fund is professionally managed by a fund manager, who decides how to invest the money in the fund. Mutual funds are regulated financial products which are offered to the public, so buying a fund is a simple as making a call to your broker.\n\n<h1>Hedge Funds</h1>\n\nHedge funds are structured in the same basic manner as mutual funds, in that they are made up of pooled funds from investors. However, hedge funds are generally run much more aggressively than mutual funds in order to maximize profit for the investors. As well, hedge fund managers have a wider variety of financial products to choose from compared to mutual funds.\n\nAt this stage, you may like the sound of hedge fund trading and are interested in learning how to start a hedge fund. Unfortunately, unlike mutual funds, hedge funds are available solely to private clients. Under US securities law, the majority of the investors of a hedge fund must have a net worth of 1 million USD and must have an extensive understanding of the risks of trading and investing in the financial markets. Hedge funds usually require that an investor has a minimum net worth of 100,000 USD. Those investors who meet the net worth requirements are known as “accredited investors”. Individuals who do not qualify can still purchase “repetition” funds, which try to mimic hedge funds strategies of the most successful hedge funds.\nIt is important to keep in mind that hedge funds are used in a variety of financial markets. These include equity, fixed income, commodities and foreign exchange. For traders who are interested in trading forex and are high net-worth individuals, hedge funds provide a unique opportunity to trade and profit in a manner that is not available to most investors.\n\nHedge funds obtain their high returns by taking risks; this means that fund managers will look for investing opportunities in almost any market. Some carry a greater risk than others; therefore, it is essential that the investor in a particular fund is aware of the hedge fund strategies which are being utilized and that she is comfortable with the degree of risk.\n\nNo two hedge funds are exactly alike, and hedge fund investors can choose from many funds, which will utilize one or more trading strategies. It goes without saying that before investing in a hedge fund, you must due your due diligence and ensure that the fund is reputable and has an established track record. A trader or investor should always feel comfortable with the degree of risk involved in the purchase of a financial instrument; if you are losing sleep over your portfolio, it’s a safe guess that your portfolio needs to be reviewed and changes made in order to better suit your tolerance for risk\n\n[JOIN OUR PLATINUM FUNDED TRADER PROGRAMME TODAY!](https://www.platinumtradingacademy.com/funded-trading-account/)\n\n<h1>Hedge Fund Strategies</h1>\n\nThere are many hedge fund trading strategies employed by hedge fund managers. Let’s take a look at some of the most popular hedge fund strategies. For the investor interested in hedge fund forex trading strategies, the methods discussed below can be successfully used by a hedge fund in order to make profits from forex trading.\n\n1.Long/Short Equity\n\nIn this type of trading, investors go and short on two competing companies which are in the same industry. This is an example of hedge fund strategies that have a relatively low risk. For example, if the fund manager feels that Toyota shares look cheap compared to Ford, the fund might purchase 100,000 USD of Toyota shares, while shorting an equal amount worth of Ford shares. This leaves a net market exposure of zero, which means that the risk is relatively low. If Toyota shares outperform Ford, the fund will make a profit. Of course, if Ford outperformed Toyota, then the fund will have lost money on this trade.\n\n2.Market Neutral\n\nSimilar to the long/short equity strategy, market-neutral funds will often make use of taking matching long and short positions in different stocks, with the aim of increasing return based on good stock selections. However, long/equity looks to take advantage of underpriced stocks, while the market-neutral method looks to profit from yields which are above the average market return while minimizing risk through matching positions.\n\n3.Arbitrage\n\nArbitrage involves exploiting price differences between similar financial instruments, by simultaneously buying and selling those instruments and making a profit. Essentially, arbitrage takes advantage of inefficiencies in the market. If arbitrage is executed in a responsible manner, the fund can produce consistent returns with low risk. However, since price inefficiencies between similar instruments is usually very small, arbitrage funds will often rely on leverage to obtain high returns. The use of leverage can achieve high returns, but at the same time involves significant risk, because price differences can suddenly shift in direction.\n\n4.Global Macro\n\nA fund manager that is using a global macro strategy will make investment decisions which are based on the political and economic outlook of various countries. This involves an analysis of a country’s economy and attempting to predict if the economy is on the rise or decline. Forex traders often use the global macro strategy to forecast movements in the currency markets. Thus, an investor with experience in forex trading who wishes to engage in hedge fund forex trading may feel comfortable investing in a global macro fund.\n\n5.Multi-Strategy\n\nA fund manager may decide to use a wide range of hedge fund strategies. Multi-strategy funds will take advantage of a variety of investment strategies in order to achieve profits. There is no particular investment strategy or objective, besides providing the investor with a positive return. These funds generally put a high emphasis on capital preservation and therefore engage in purchases that are relatively low-risk.\n\n<h1>How to Invest in a Hedge Fund</h1>\n\nWe mentioned earlier that in order to join a hedge fund, you need to be an accredited investor, which means that you have a minimum level of assets. If you have passed this first requirement, there still plenty of research you will need to do in order to choose a fund that is right for you.\n\n- Prospectus – Review the fund’s prospectus and other related materials. You should understand the hedge fund strategies employed by this particular fund and the level of risk. The fund may promise attractive rates of return, but remember that a higher potential return comes with a higher risk for the investor.\n- Fees – Hedge funds generally charge of 1-2% of the fund’s assets. In addition, fund managers are often given a “performance fee”, which could be up to 20% of the fund’s profits. Higher fees mean a smaller return for the investor, so an investor will want to know all the fees involved prior to signing up with the fund.\n- Valuation – Since hedge funds can invest in a wide range of financial instruments, some investments may be difficult to sell and therefore difficult to value. It is important to understand the valuation process of the assets in the fund so that you can assess the value of your portfolio.\n- Share redemption – Hedge funds often have specific time periods during the year in which an investor is allowed to redeem (cash) her shares. As well, the fund may have a “lock-up period” of a year or more, in which you cannot redeem your shares. It is important for a trader to be aware of the restrictions on redeeming his shares in the fund.\n- Fund manager – You should ensure that you know who is managing the fund and that they are qualified to do so. Fund managers will have different levels of risk and trading strategies; make sure that you are comfortable with how the manager is running the hedge fund.\n\n[JOIN OUR PLATINUM FUNDED TRADER PROGRAMME TODAY!](https://www.platinumtradingacademy.com/funded-trading-account/)\n\nWe hope that this blog has provided you with useful insights about hedge funds. We invite you to learn more about hedge fund trading at Platinum Trading Academy. Looking to become involved in hedge fund trading? Learn more about our unique Forex Elite Trading Programme.\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![COPY TRADING VS LEARNING HOW TO TRADE.](https://cdn.steemitimages.com/DQmQTsArEJy8yBt42PCmeVWCdgKjqpGHmkqteWLebnzRjGM/COPY%20TRADING%20VS%20LEARNING%20HOW%20TO%20TRADE.jpg)\n\nIn today’s blog, we discuss a method of forex trading known as copy trading. This popular investment tool enables you to automatically copy the forex trades of successful traders. We will discuss how copy trading works and explain how you can make money copy trading.\n\n<h1>What is Copy Trading?</h1>\n\nopy trading allows you to directly copy the positions taken by another trader of your choosing. This means that you are linking your portfolio to another trader and are copying all of that trader’s current positions as well as future moves. If that trader opens a new trade, you do as well; if she closes a trade, so do you. Similarly, if the copied trader executed a stop loss or take profit order than your portfolio will make the same move. If the copied trader made a winning trade, so did you; conversely, if the trade ended up a loss than your trade was a loss as well.\n\nIn a copy trade, your account uses the same proportion of the allocated cap as the copied trader. As an example, if a trader uses 1% of the account balance to purchase GBP/USD, then the copy trader will then make an identical trade, purchasing GBP/USD with 1% of the funds that you allocated to that trader. In essence, when you are engaged in copy trading you are “investing in an investor”. Through copy trading, you can review the profiles of thousands of traders and choose one or more of these traders that you feel will provide you with the best chance of making a winning trade.\n\n<h1>How does Copy Trading work?</h1>\nMany forex brokers provide copy trading platforms, which are also called automated trading platforms. If you are searching for a broker and are interested in utilizing copy trading, make sure that the broker offers a copy trading platform. A word of advice – a trader who is just starting out in forex should always practice on a demo account before trading in real-time. Similarly, if you are new to copy trading, make sure to try out a demo account before trying out a copy trade. You can use the demo account to copy forex signals or even complete strategies of another trader. Once you feel comfortable working with the demo account, you can then proceed to live trades.\n\nWhen you decide to copy trade, whenever the copied trader makes a trade, your account will make the same trade in real-time. You decide the portion of funds to allocate to copy trade. Many brokers will allow a maximum of 20% of your portfolio to be used for copy trades, which protects your capital in case the copy trades result in losses. When you choose to copy trade, you still retain some control. You decided what portion of your investment to allocate to copy trading, and you can disconnect your portfolio from the copied trader instantaneously, at the touch of a button.\n\nYou may have said to yourself, “copy trading sounds great, but is it legal?” The answer is yes, it is a legitimate method of trading forex. The copied traders are usually directly paid by the broker, who will pass on the costs to the client in one way or another.\n\nThere are hundreds of forex brokers looking for your business, so you will need to do your research to choose a broker that you feel provides the best copy trading platform. In our opinion, Admiral Markets provides one of the best forex copy trade services in the forex industry. It's popular Meta Trader 4 and Meta Trader 5 trading platforms provide traders with a wide access of live forex signals, which are recommendations to make a trade in the forex market. The platform allows you to subscribe to a trading signal provider and have their trades automatically reproduced in your own account. There are many reputable forex brokers that provide copy trading; a simple Google search of “best forex copy trading” will bring up a list of brokers which you can research.\n\n<h1>Benefits of Copy Trading</h1>\nAs we have discussed elsewhere, forex trading is no simple task. It is a skill that will take time, work and discipline to develop. For beginner traders who have limited knowledge of the forex market, copy trading provides an easy way to get started as a forex trader. You can “earn while you learn”, as you let the copied trader do the work! Copy trading is a passive investment strategy, which may fit your style of trading, especially as a beginner.\n\nExperienced forex traders can also benefit from copy trading, as they can learn new trading techniques which they can incorporate into their own trading strategy. If you find yourself to busy to trade, you can simply put on the “automatic pilot” and engage in copy trading.\n\nFinally, if you are a proven winner at trading forex, you can receive commissions from traders who are eager to copy your trading strategy (and keep in mind, there are an unlimited number of copiers out there).\nAnother benefit of copy trading is that it enables traders to diversify their portfolios into unfamiliar markets. Suppose that you are interested in trading the Turkish lira, a risk currency which often exhibits sharp volatility. You may feel that you don’t have enough knowledge about the Turkish central bank and economic events that could affect the movement of the currency. Through copy trading, you can find a trader who has profited on trades involving the Turkish lira and benefit from his trading experience and expertise.\n\n<h1>Risks of Copy Trading</h1>\nLike other forms of forex, the risk of copy trading is significant, as there is no guarantee that the copied trader will make a good trade. Therefore, it is important to carefully review the trading history of an account before you decide to copy it. A successful trader should be consistent and stable; stay far away from traders who make erratic trades, even if they manage to show a profit. Your broker may recommend traders in good faith, but it is your responsibility to do your own homework and ensure that the trader has a proven track record of success. It is preferable to choose a trader who has a history of moderate but stable profits over a trader who has made high profits in a handful of trades.\n\nAs well, you should avoid making copy trades from too many accounts at the same time. Some diversification is recommended but too many open positions can work against you.\n\n<h1>Copy Trading Strategies</h1>\nIs copy trading profitable? Absolutely! However, you will need to develop a successful trading strategy. Here are some suggestions which you can utilize in your copy trading.\n\n1.<b>Demo Account</b>\n   As we discussed earlier, a demo account is a must in forex trading, especially when learning a new method of trading. A \n  demo account allows you to learn the ins-and-outs of a trading platform and lets you experiment with no risk attached. \n  You want to make sure that you are thoroughly familiar with the trading platform before trading in real time.\n2.<b>Risk</b>\nAlthough copy trading shifts the trading strategy to the copied trader, always keep in mind that the risk hasn’t disappeared, simply because you are linked to another trader. The forex trader you have chosen may have a stellar record, but each and every trade that he makes involves currencies, which can move up or down.\n\n<b>Enter and Exit</b>\n\nA key to successfully engaging in copy trading is knowing when to enter and when to exit. All traders experience upswings and downswings, and as you master copy trading, you will be better able to hit the upswings. It is certainly important that your trader has a solid past performance, but his current situation is no less important. As forex brokers like to remind their clients, “past performance is not an indication of future results.” When you examine a trader’s profile, keep an eye on how may open positions he has in his account. If there are a lot of such positions, it is preferable to avoid copying them, especially if they are showing losses. It is preferable to go with a trader who has only a few open positions.\n\nIn copying trading, it’s also important to know when to stop. Often it is not easy to abandon a losing trade since it’s psychologically hard to admit defeat and ‘cut your losses’. This tendency can become even more pronounced in copy trading, since there is now a ‘face behind the trade’, and you may have had some interaction with the copied trader. It is critical to minimize your emotional attachment to any trade that you make! This is one of the golden rules of trading. An effective method to avoid emotional hang-ups in trading is to set a “Copy Stop Loss” tool so that from the outset, you will have determined the maximum amount that you can lose.\n\n<b>Diversification</b>\n\nDiversification is a key component to successful trading in any financial market, and this holds true for copy trading as well. Put simply, you never want to put all your (trading) eggs in one basket. You may have chosen several traders to copy, but in itself, this may not ensure diversification. For example, if all of these traders are trading GBP/USD, your account in not well balanced. Always make sure that you don’t become too heavily invested in one currency pair so that your exposure to one type of asset is limited.\n\nWe hope that this blog has provided some useful insights into copy trading, a popular method of trading forex. We wish you the best of luck in your trading!\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![ONLINE FORX TRADING.](https://cdn.steemitimages.com/DQmRmmaSVkaecE5HCgWS9cPSvJzjhxvWYryQcyZ89bnRaYv/ONLINE%20FORX%20TRADING.jpg)\n\nThis blog will discuss trading forex via the internet, which is commonly known as online forex trading. We will provide insights which will help you learn how to trade forex online. First, let’s start with a brief review of forex trading.\n\n<h1>What is Forex Trading?</h1>\nforex trading involves the trading of one currency against the other. Similar to other financial markets, the goal in any forex trade is to make a profit.\n\nThe forex market is the largest trading market in the world, boasting a daily volume of approximately $6.6 trillion. Compare this to the global equity markets, which trade around $200 billion each day.\n\nAn exchange rate is the relative price of two currencies from two different countries. The movement in the forex markets is the change in exchange rates, which allows traders to make a profit.\n\n<h1>How Does Forex Trading Work?</h1>\nIn the forex market, traders buy and sell currency pairs; a single currency cannot be traded ‘by itself’. A currency pair can also be defined as the rate of exchange between two currencies.\n\nSo[ how do we trade a currency pair](https://www.platinumtradingacademy.com/best-currency-pairs-to-trade/)? Let’s say we want to trade the British pound against the U.S. dollar. We check the internet and see that the current exchange rate for GBP/USD is 1.2420. This means that one British pound is trading at $1.2420, so in order to purchase one pound, you would have to pay 1.2420 in US dollars. If later in the day the pair is trading at 1.2480, this means that one pound is now worth $1.2480, so the pound has risen against the dollar. Conversely, if the pair dropped to 1.2360, one pound now costs $1.2360, so GBP/USD has weakened.\n\nJust like any stock, a currency pair can (and will) move upwards or downwards. In fact, it’s helpful to think of currency as that country’s “national stock”. Similar to the stock markets, currency rates are constantly fluctuating. Traders are always looking to make a profit by ‘buying low and selling high’ – in the case of forex, this means buying a currency pair at a low rate and then selling it a higher rate.\n\n![UNDERSTANDING FOREX MARKET.](https://cdn.steemitimages.com/DQmSKFt5vsrCCukAkKu5xBvJ1fJL8QM6cXNnYKRobrqDkbU/UNDERSTANDING%20FOREX%20MARKET.png)\n\n[LEARN TO TRADE THE TOP FINANCIAL MARKETS IN 2020!](https://www.platinumtradingacademy.com/financial-markets-trading/)\n\n<h1>Forex Order Types</h1>\nIn order to learn how to trade online, it is important to understand the different types of orders that can be placed in the forex market. Note that not all forex brokers are created equal – different brokers will accept different types of forex orders. Let’s review the most common orders in forex:\n1. <b> Market Order</b> - This is an order which is instantly executed against a price that your broker has provided on a trading platform. So, if you want to buy GBP/USD at 1.2410, your broker should provide you with a price of 1.2410, or very close to it.\n2. <b>Pending Order</b> – an order which is to be executed at a later time, at a price that you specify. This price can be above or below the current market price.\n3. <b>Stop Loss Order</b> – this order is used to close a trade if the market reaches a specified price. It is often used to avoid additional losses when a trade has gone against the traders.\n4. <b>Take Profit Order</b> – this is the opposite of a stop-loss order. The trader makes an order at a predetermined price when the market is moving in her favour so that she can lock in the profit on the trade.\n\n<h1>Types of Analysis in Forex</h1>\nThere are three main types of analysis used by forex traders to predict market movement. These methods, all of which can be used in forex trading online, are the following:\n\n1.<b>Technical Analysis</b>\nTechnical analysis involves the study of price movement. Traders examine trends and patterns on a chart, which represent the historical movement of the currency pair. The identification of patterns is then used to predict future price movement. According to technical analysis, all current market information is reflected in the currency’s price. Technical traders will monitor parameters such as support and resistance levels, as well as indicators which are based on price or volume.\n\nThe basis of technical analysis is the use of charts. The most popular chart used by forex traders is the candlestick chart, which provides detailed information of an asset (in this case a currency pair) over different time periods. Technical charts can display an impressive array of information, including trend, volume, volatility, momentum and market cycles.\n\nDon’t worry if, at first glance, a technical chart looks confusing, perhaps even intimidating. Any comprehensive online forex trading course will teach you how to read and use a technical chart. Technical analysis cannot, of course, predict the future. However, it can help identify trends and tendencies, which creates forex trading opportunities.\n2.<b>Fundamental Analysis</b>\nFundamental analysis examines economic, social and political forces and developments that may affect the movement of currency prices. Such events often affect the economy of the currency being traded. The most important events include Gross Domestic Product (GDP), employment reports, inflation and interest rate announcements. These economic and political events are known as ‘fundamentals’.\n\nLet’s look at some examples of how fundamentals can affect the direction of a currency. If the UK releases an employment report was better than expected, this would be a positive development for the pound and would likely send GBP/USD upwards. Suppose that the U.S. Federal Reserve were to raise interest rates - this would probably send the dollar higher (which means that GBP/USD would weaken).\n\nA major political development could also cause a currency to fluctuate. If the UK and the European Union were to suddenly announce that they had reached a post-Brexit agreement, the pound would likely soar, sending GBP/USD to higher levels. When you are trade fx online, you should be paying close attention to the fundamentals that are being released on that day (and several days ahead). An important tool for forex traders is the use of an economic calendar, which lists economic and political events that may have an impact on the forex markets.\n\nBoth technical and fundamental analysis are popular in online trading, and some traders will prefer one method over the other. What is important is that you become familiar and comfortable with both methods; you can then utilize one or both when you trade fx online.\n3.<b>Sentiment Analysis</b>\nFundamental and technical analysis are the most popular methods used by forex traders. However, there is a third method, called sentiment analysis. This method examines how other traders feel about a particular currency pair. If a fundamental or technical analysis of the market indicates that the pound should move higher, both methods could prove wrong, simply because the sentiment amongst a majority of traders is that the pound will head lower. When a trader utilizes sentiment analysis, he is gauging ‘how the market is feeling’. This method is by no means a scientific approach, but sometimes listening to and acting upon your ‘gut feeling’ can be a successful trading strategy! Since not all traders are familiar with this analysis, it is to your advantage to learn this method and incorporate it into your trading strategy when appropriate.\n\n<h1>Online Forex Trading and Education</h1>\nYears ago, the only way a trader could execute trades from home was to make a telephone call to his broker to execute a trade. Trading in this method was, of course, cumbersome and inefficient. Fast forward to 2020, and online forex trading is a breeze, thanks to modern technology and the internet. Traders can now utilize their computers, laptops or even smartphones to execute trades and continuously monitor the forex markets, which are constantly fluctuating. Since online forex trading is ‘over the counter’ and not limited to a particular trading exchange, forex traders have the ability to execute trades at any time of day or night, five days a week.\n\nThere are literally hundreds of forex brokers on the internet that will enable you to participate in online forex trading. It is critical that you choose a reputable broker before you start to trade fix online. However, even before you begin to look for the right broker for you, you should first take advantage of what the internet has to offer and learn online trading free! That’s right – there’s no risk and no charge when you take a free online course. Bottom line? Before you jump into the forex markets, it’s important to take a step back and take a course to learn to trade forex online. A search on the internet will show dozens of online forex trading courses, many of which are free.\n\nIn addition to forex courses, an ideal way to learn how to trade online is to enrol in an online trading academy. Essentially, an online trading academy is a school where you will learn how to trade online, without having to pack a lunch and commute to class!\n\nA solid understanding of the forex market is essential to becoming a successful trader - this point cannot be emphasized enough. In order to learn how to trade currency and make money, every trader requires discipline and a trading strategy that fits his or her needs and goals.\n\n<h1>Watch this video: What is Forex Trading and how does it work? (01min 52secs)</h1>\nhttps://youtu.be/a26-qqczG1Y\n\n<h1>Why Trade With Platinum Trading Academy?</h1>\nMany traders jump into the forex arena with little or no preparation, confident that they will ‘figure out on the go' how to make money trading currency. However, these individuals have a lack of knowledge about the forex market and have failed to prepare a trading strategy. More often than not, these traders are left disappointed, after seeing their capital quickly disappear. Taking steps in order to learn online trading is essential to becoming a successful trader - this point cannot be overemphasized. In order to learn how to trade currency and make money, every trader needs discipline and a trading strategy that fits his or her needs and goals.\n\nPlatinum Trading Academy is tailored for a trader at any level, whether a relative beginner or an experienced trader. We provide each of our students with a private forex mentor, rather than a “one size fits all” seminar or webinar course. With Platinum’s [step-by-step mentoring](https://www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/) and in-depth training courses, you will learn how to trade online and how to develop an effective trading strategy. If you are looking for an online [forex trading course](https://www.platinumtradingacademy.com/forex-trading-course/) that will build your confidence and produce consistent results, then Platinum trading academy offers a superb online forex trading experience.\n\n[LEARN TO TRADE THE TOP FINANCIAL MARKETS IN 2020!](https://www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/)\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![HOW TO MAKE MONEY TRADING FOREX.](https://cdn.steemitimages.com/DQmaX21yH76FrBi7RFd8u1zvPE9yH2s2Pz2VypWiy9MfC9h/HOW%20TO%20MAKE%20MONEY%20TRADING%20FOREX.jpg)\n\nWelcome to the forex market! Forex trading can be both challenging and exciting, and at Platinum Trading Academy our goal is to teach you how to make money trading forex.\n\nIn today's blog, we take a look at some of the basics of the foreign currencies forex market, how to earn money trading, as well as the importance of education in becoming a successful trader. Hopefully, this blog will provide you with insights about forex trading and some practical steps on how to earn in forex. The goal of any trader is, of course, to make a profit. If you are looking to learn how to make money in forex, you have taken an important first step by reading this blog.\n\nDid you know that the forex market is the largest trading market in the world? The daily volume of forex trades is approximately $6.6 trillion, compared to around $200 billion each day for the global equity (stock) markets. Although the forex market is much bigger than the equity markets, forex has a much smaller scope. The U.S. dollar accounts for 88% of all forex trades, and there are just eight major currencies in the forex market. Clearly, it is much easier for a trader to monitor the forex market than the equity markets, which are comprised of thousands of stocks which are listed on stock markets all over the world.\n\n<h1>How to Trade Currency</h1>\nMany of us are familiar with trading stocks, but how exactly does one trade currencies? The vast majority of countries around the world have their own currencies. We are all familiar with the U.S. dollar, the euro or the British pound. In the forex market, traders buy and sell currency pairs; a currency cannot be traded ‘by itself’. A currency pair can also be defined as the rate of exchange between two currencies.\n\nAlthough there are over 160 currencies worldwide, there are eight currencies which account for some 85% of all forex trading. This means that there are seven currency pairs, which are known as the major pairs, or majors. The most heavily traded majors (in order) are the following:\n\n- EUR/USD (Euro/US dollar)\n- USD/JPY (US dollar/Japanese yen)\n- GBP/USD (British pound/US dollar)\n\n<h4>So how do we trade a currency pair? Let’s take a look at the first pair, EUR/USD:</h4>\n\nSuppose we check the internet and see that EUR/USD is currently trading at 1.1300. This means that 1 euro is trading at 1.13 U.S. dollars, so in order to purchase 1 euro, you would have to pay 1.13 US dollars. If the pair climbs, for example to 1.1350 or 1.1420, this means that the euro has strengthened against the dollar. Conversely, if the pair has dropped, say to 1.1230 or 1.1020, this means that the euro has weakened against the dollar.\n\nJust like any stock, a currency pair can (and will) move upwards or downwards. In fact, it’s helpful to think of currency as that country’s “national stock”. Generally speaking, if a country’s economy is doing well, this will result in a strong currency. Economic indicators such as unemployment numbers or GDP (gross domestic product) can have a strong impact on the currency. For example, if a British employment report was better than expected, this would be a positive development for the pound and would likely send GBP/USD upwards.\n\nLike the stock markets, currency rates are constantly fluctuating. Traders are always looking to make a profit by ‘buying low and selling high’ – in the case of forex, this means buying a currency pair at a low rate and then selling it a higher rate.\n\nWe mentioned earlier that currencies are constantly fluctuating. Since the actual movement of currencies is usually very small, most pairs are quoted to the fourth decimal place, which is called a pip. In forex trading, the basic unit of measure is a pip.\n\nIf EUR/USD was trading at 1.1320 and rose to 1.1325, it has increased by 5 pips. Although a pip is a very small number, a movement of even one pip can mean significant profit or loss for a trader, because forex trades are usually heavily leveraged (we will explain leverage shortly).\n\n<h4>Let’s take a look at a simple example of how to make money trading currency, this time using GBP/USD:</h4>\n\nSuppose GBP/USD is trading at 1.2500. If you purchase 100,000 British pounds, this is equivalent to $125,000. If later in the day GBP/USD rose to 1.2560, GBP/USD has increased by 60 pips - the value of your U.S. dollars has risen to $125,600, which leaves you with a tidy profit of $600. This simple example illustrates how to make money trading forex.\n\n<h4>Leverage</h4>\n\nWhen you purchase 100,000 British pounds with U.S. dollars in the above example, you aren’t expected to put $125,000 in your trading account. Rather, traders use leverage, which allows a trader to open a position which is much larger than the amount of capital which they need to put down. If a broker is providing you with 100:1 leverage, this means that you can control a position of 100,000 pounds with only 1,000 pounds in capital. While leverage allows a trader to control very large positions, keep in mind that leverage carries with it significant risk, so it is essential to always “handle leverage with care”. A key component of how to make money trading forex is making use of leverage in a responsible and disciplined manner.\n\n<h1>How much money do you need to start trading forex?</h1>\nSome brokers advertise that you can start trading forex with as little as $100, which may sound attractive. However, this is unlikely to yield any profit. If you are working with 100:1 leverage, you will need to put down $1 to trade. Even if you win a few trades, the profit will be miniscule. The other option is to risk a large portion of your capital in order to trade. This is more than likely a recipe to saying goodbye to your capital. A more effective strategy for how to earn money from forex is to start with a sum of between $1000 and $5000, but risking no more than 1% to 3% on a single trade. If you trade in this manner, you are protecting your capital and are on the right path on how to make money trading forex.\n\n<h1>How much do forex traders make a day?</h1>\nThere is no accurate way to answer this question, as traders are not about to disclose how much money they are making. Also, the amounts that traders make will vary greatly, depending on the trading method they are using and the amount of capital they have invested. For example, a trader who has put down $30,000 in the capital has the potential of earning larger profits than a trader who has only put down $5,000. There will always be stories of traders who made a fortune in trading (forex or otherwise), but a word to the wise would be as follows - when trying to find a successful method of how to make money trading forex, choose the “tortoise over the hare approach” – focus on developing a trading strategy that proves itself by making modest profits, rather than taking huge gambles in order to rake in a large profit.\n\n<h1>Can you get rich by trading forex?</h1>\nMany of us may have heard or read of someone who claims to have “hit the jackpot” on the stock market or by trading a currency which moved in the right direction. This may be a stroke of good fortune, but it should never be confused with a strategy for trading forex! If someone is looking for a way to make money in forex fast, it is more than likely that he will lose his capital in a hurry.\n\nForex trading, like other types of market trading, requires discipline and strategy. A healthy mindset for a trader is to view forex trading as a skill which takes time to learn and master. Like any other occupation or hobby, becoming successful takes an investment of effort and time. In order to learn effective techniques of how to make money in forex, one must be ready to work hard and demonstrate a willingness to practice in order to improve one’s trading skills.\n\n<h3>Watch this video: The Fundamentals of forex(07mins 19secs)</h3>\nhttps://youtu.be/_tEbIzKbZhY\n\n<h1>Trading Education</h1>\nMany traders rush into the forex arena with little or no preparation, confident that they know how to make money trading currency. However, these individuals have a lack of knowledge about the forex market and have failed to prepare a trading strategy. More often than not, these traders are left disappointed, after seeing their capital quickly disappear. A solid understanding of the forex market is essential to becoming a successful trader - this point cannot be overemphasized. In order to learn how to trade currency and make money, every trader needs discipline and a trading strategy that fits his or her needs and goals.\n\nhttps://youtu.be/miI7_ELnyRc\n\n\nI hope you have found this blog insightful. If you feel that forex trading may be for you and that you are reading to learn how to make money trading forex, you will find that the Platinum Trading website is an excellent source of information about [learning how to trade forex](https://www.platinumtradingacademy.com/).\n\nThere are many forex courses offered on the internet, most of which use seminar and webinar training. In a nutshell, these courses are like sitting in a class, without the commute to school. Looking for something better? Platinum's online trading academy is the first of its kind in the forex education industry. Our courses provide professional mentors who will guide you on how to develop [strategies](https://www.platinumtradingacademy.com/forex-trading-strategies/) tailored to your goals and needs. Our goal is simple – to teach every trader how to make money trading forex. With the proper training and knowledge, you too can turn this goal into a reality!\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![Top Trading ideas 1.](https://cdn.steemitimages.com/DQmRdHoBYuRt7HYVDca5gWJnEgW6kaKrDcGwGfz74uaVo3m/Top%20Trading%20ideas%201.jpg)\n\nIn this article, we’ll examine the top trading ideas in 2020. Any casual internet search will come up with dozens of trading ideas. We have whittled down a list 10 finalists (in no particular order), which in our opinion represents the best trading ideas of 2020. The list includes forex ideas, as well as trades based on commodities and equities.\n\nThe global economy has taken a beating in 2020, as the Covid-19 pandemic has paralyzed economies across the world and caused massive upheaval. Key economic sectors, such as manufacturing, services and housing have all reported sharp declines in the first quarter of the year. Consumer spending, a key engine of economic growth, has fallen off sharply, as nervous consumers are holding tight to their purse strings, unsure of what tomorrow will bring. Millions of workers are on unpaid leave or have lost their jobs, and business and consumer confidence have evaporated.\n\nThere may be plenty of gloom and uncertainty in the air and on the airwaves, but for traders, the “Corona era” can be viewed as a unique opportunity to trade and profit. Global stock markets took a huge hit in March, when the pandemic spread to Europe and the United States, but have since recovered much of these losses. The currency (FX) markets have been marked by high volatility, which is a positive trading environment as it provides trading opportunities.\n\nIn response to the severe economic conditions caused by Corvid-19, central banks have co-ordinated their monetary policy and slashed interest rates close to zero. This means that fixed-income securities such as U.S. Treasury Bills decrease in value and are less attractive, while at the same time there has been an increase in demand for equities (stocks) and commodities such as gold.\n\n<h1>Types of Trading</h1>\nBefore discussing trading ideas, let’s review the different types of trading. In order for a trade idea to transform into a reality, we need to choose a method (or combination of methods).\n\nThe most popular financial instruments to trade on the financial markets include equities, commodities and the currency (FX) markets. Before looking at particular assets which represent excellent trading opportunities, let’s take a look at the different types of trading and suggested trading strategies.\n\nThere is no “best method” to trade – one or more of these methods may be most suitable for your specific trading idea, depending on your temperament and tolerance for risk. These methods are suitable for any types of trades – these include forex trading ideas, or trades involving commodities or equities.\n\n<h4>Scalping</h4>\n\nA scalper will make dozens or even hundreds of trades each day, with the goal of “scalping” a profit from small price changes. This type of trading demands strict discipline because the trader must adhere to a strict exit strategy.\n\n<h4>Momentum Trading</h4>\n\nThese traders look for stocks that are showing significant movement in one direction, with high volume. The momentum trader will try and “ride” the momentum in order to make a profit.\n\n<h4>Technical Trading</h4>\n\nTechnical trading involves identifying trading opportunities in price trends and patterns which appear as graphs on charts. These traders examine indicators on the graphs, such as support and resistance levels or moving averages, looking for buy or sell signals.\n\n<h4>Fundamental Trading</h4>\n\nFundamental traders will trade a company stock based on events which are specific to a particular company, such as earning reports or acquisitions. Currencies can be viewed as a nation’s “national stock”, hence, fundamentals in the FX markets would include economic and political events affecting that country, which could affect the exchange rate.\n\n<h4>Swing Trading</h4>\n\nSwing trader will hold a trading position for longer than a single trading session, for up to several months. The goal is to hold onto an asset in anticipation of a price move which will yield a profit.\n\n<h1>Tips and Strategies</h1>\nThe leap in technology in recent years has meant that traders can trade from the comfort of their home and trade the markets on their computer or Smartphone. The internet provides a trader with unlimited access to broker services as well as information about trading on the financial markets. What has not changed over time, however, is the requirement for a trader to show discipline with his trading idea and stick with a strategy during the ups-and-downs of trading (yes, rest assured that there will be some downs along the way). Here are some tried-and-true suggestions which should be implemented in every trade:\n\n1.Define Your Goals and Trading Style\nTrading ideas should be treated like any journey. The traveler needs to now what is the final destination and how he plans to get there. As we have discussed above, there are various methods for trading financial instruments. Once you have clear goals in mind, you can choose a trading method (or methods) which will best meet your goals.\nWhat is your risk tolerance? Are you comfortable going to sleep with an open position in the market? A good rule of thumb for risk tolerance is to avoid any moves that will keep you up at night. A trader who is comfortable with open positions might prefer fundamental trading, while someone who prefers to close her positions at the end of the trading session may find scalping a more suitable method.\n\n2.Choose a Suitable Broker and Trading Platform\nType in “trading broker” on Google and dozens of sites will pop up on your screen. In order to ensure that your funds are secure, an online broker should be registered with the regulatory bodies of that country – in the U.K., the relevant regulators are the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).\nMost brokers will offer a trading platform that you can use on your smartphone, but not all platforms are created equal. A good platform will have user-friendly technical and charting tools and a news feed. As well, a broker should be able to execute trades at the price you requested (or extremely close to it) and provide competent customer service. Bottom line? Make sure you have “a good broker with an excellent trading platform”.\n\nChoosing the right broker can be a daunting task, but the Platinum Trading Academy can help you whittle down the vast number of brokers. We’ve reviewed dozens of brokers and trading platforms and come up with what we feel are the 12 [best FX brokers](https://www.platinumtradingacademy.com/top-forex-brokers-best-list/).\n\n3.Entry and Exit Strategy\nIt is essential to have an entry and exit strategy before you make a trade. Are you looking to jump “in and out” or are you in for the “long haul”? Stick to your guns – don’t fall into the trap of throwing your trading strategy out the window because of unexpected moves in the market.\n4.Education, education, education!\nThe old adage of ‘knowledge is power’ rings true in the trading arena. The more you know and learn about trading and the financial markets, the better equipped you are to make trades which can yield profits. Consider taking a course in trading, such as online trading courses from Platinum Trading Academy, which has helped thousands of individuals [learn how to trade](https://www.platinumtradingacademy.com/) on the financial markets.\n\n<h1>Top 10 Trading Ideas</h1>\nThe Corvid-19 pandemic has resulted in shortages of medical supplies and personal protective equipment, with countries and businesses frantically combing the globe to obtain these supplies. As well, many firms are actively working on a vaccine for Corvid-19.\n\n1.Johnson & Johnson\n\n![LOGO_2 2.](https://cdn.steemitimages.com/DQmZLTNhhbb1ebpA3PsAixT65rmcTjwQiLKFwQCS6JguTSm/LOGO_2%202.jpg)\nTraded on: NYSE\nThe U.S. pharmaceutical giant started is pouring huge sums into discovering a vaccine for Covid-19. In conjunction with the U.S. government, more than $1 billion has been committed to-fund vaccine research, development, and clinical testing. Johnson & Johnson has an established record developing vaccines, such as the vaccine for the Ebola virus.\n\nThe company expects to begin a phase-one clinical study in September 2020 and is aiming to have a vaccine for emergency use ready in early 2021. Ultimately, it is aiming to provide a ‘global supply of more than one billion doses of a vaccine’.\nThis blue-chip, quality stock started the year 2020 at $145.97. The stock dropped to a year-to-date low of 111.14 in late March, but has since recovered all of these losses – currently, the stock is trading at $147.30. Johnson & Johnson has significant upside if it discovers a vaccine. It is an excellent choice for a trader who is prepared to hold onto the stock as research into a vaccine continues.\n\n2.Moderna\n    Symbol: NDNA\n\n![3.](https://cdn.steemitimages.com/DQmULDzBsZwEZTDdBRWh42kzZXwb1GXfgPUzvtWzmNWDDqM/3.jpg)\nTraded on: NASDAQ\nThis biotech company has seen its share price soar due to its front-runner status in the race to find a vaccine for the Covid-19 virus. The company has not generated much revenue, but that hasn’t deterred investors, who have snapped up the stock. Moderna has jumped 190% since the beginning of the year and is currently trading around $58.\n\nModerna conducted a Phase 1 clinical trial in March, followed by a Phase 2 in May. However, the company is at least a year away from having any of its products hit the market. Still, investors like the fact that the Trump administration chose Moderna as one of just five companies most likely to produce a successful vaccine for Covid-19. Moderna faces still competition in the race to reach a vaccine and this stock is not for the risk-adverse. At the same time, if Moderna does produce a vaccine, the windfall for shareholders will be huge indeed.\n\n3.Quidel\n\n![4.](https://cdn.steemitimages.com/DQmRLrerwgu533S2cE3bcau7z9cSEsp5udCBuaGoyiiArcd/4.jpg)\nTraded on: NASDAQ\nQuidel is a diagnostics company that specializes in rapid testing for a variety of diseases, including the Covid-19 virus. According to MarketSmith.com, Quidel stock ranks as number 20 out of the 150 fastest-growing stocks. Sales growth has been strong and the earnings per share have climbed at an annual rate of 98 percent.\n\nThe stock was trading at $74 at the start of the year and has almost doubled in value, as it currently trades at $156. In May, the stock climbed as high as $208. Given the huge demand for corona testing in the U.S. and worldwide, Quidel shares have significant room to climb.\n\n4.Gold\nGold is a traditional safe-haven asset, as investors tend to seek the safety and stability of the yellow metal in times of crisis. The global economic meltdown has sent gold prices sharply higher, with the metal climbing an impressive 16% since January 1. The stock market rally has not hampered demand for gold, which climbed as high as $1765 in May, its highest level since 2012.\nA correction in gold prices is a possibility once economic conditions improve. At the same time, a rebound in economic activity is likely to cause inflation, which could raise the price of gold, since investors often purchase gold as a hedge against inflation. Whatever one’s view on which direction gold will take in the coming weeks and months, gold will continue to fluctuate, making it an attractive asset to trade.\n\n5.Platinum\nFor traders who are looking for a commodity that shows volatility but has less of downside risk than gold, platinum fits the bill. Platinum is not considered a safe-haven, so it has not acted in the same way as gold, which has shown sharp gains in 2020. The metal started the year at $980 and fell sharply in March, dropping to a low of $586. Platinum has since recovered much of these losses and is currently trading at $827.\n\n6.Australian Dollar\nLooking for a forex trade idea?\nThe Australian dollar is considered a risk currency, and its tendency to fluctuate makes it a popular trading opportunity. The Australian dollar is one of the five most frequently traded currencies in the FX market. The primary reason for the huge demand is the fact that the Australian economy is particularly dependent on the export of commodities, and the unpredictability of the commodity cycle often translates into significant volatility for the Australian dollar.\n\nAs well, Australia’s largest trading partner is China, so when Chinese economic indicators show strong movement, the Aussie is particularly sensitive. The Australian economy has declined to the Corvid-19 pandemic, but surprisingly, AUD/USD has been red-hot, climbing 12.7% in the second quarter of 2020. The currency is likely show further volatility in the weeks to come.\n\n7.Nasdaq Index Fund\nThe Nasdaq 100 is the third most followed equity index in the U.S., after the Dow Jones and S&P indices. The Nasdaq provides traders with diversified exposure to over 3000 companies in the non-financial sector. Some of the biggest companies in the world trade on the index, including Apple, Facebook and Amazon. Trading an index fund is less volatile than trading individual stocks, but traders should keep in mind that the index is only as stable as the underlying index. Thus, trading in an index fund entails considerable risk. \n\nThe Nasdaq started the year at 9092 points and like the rest of the equity markets, had a miserable March, falling to a low of 6860 points. Since then, however, the index has fully recovered and is currently at 9924 points. With the U.S. economy showing signs of recovery, I expect the Nasdaq to continue to move higher.\n\n\n8.Amazon\n\n![5.](https://cdn.steemitimages.com/DQmV4XdsHWy2CByXAhFxKhAATjpmTZ4hauXeFhqAYKFDnWN/5.jpg)\nTraded on: NASDAQ\nThe corona outbreak has led to most retail stocks taking a tumble, with the exception of the companies in the health care sector. However, a notable exception has been Amazon, a multinational giant. The company has taken over 38% of the e-commerce industry in the U.S., and this sector is likely to grow even further, as consumers spend less time outside and at work and more time at home. Amazon started 2020 at $1898 and slipped to a low of $1676 in March. Since then, Amazon shares have enjoyed strong growth and are currently trading at $2524.\n\n9.Innovative Industrial Properties\n\n![6.](https://cdn.steemitimages.com/DQmXJCYY8wdHJjP7sTF12uoAttjM8YuRJb2mYEwfaqaxRTQ/6.jpg)\nTraded on: NYSE\nInnovative Industrial Properties owns facilities for the cultivation of medical-use cannabis and leases them to licensed growers in the United States. The company does not produce marijuana or any related products. At the start of 2020, shares were trading at $73. Share prices fell in March to a low of $51, but have rebounded nicely. Currently, the share price stands at $95. With more U.S. states expected to legalize cannabis, demand will increase and the relatively low share price makes the stock an attractive trading opportunity.\n\n10.Dexcom\n\n![7.](https://cdn.steemitimages.com/DQmaEoih3mYr9A9kJZosLqGg2v5Fspxc1esJMcdNtNfbJQZ/7.jpg)\nTraded on: Nasdaq\nDexcom is another company in the healthcare sector that is an attractive buy. The company manufactures and distributes continuous glucose monitoring systems for diabetes patients. Share prices have shown excellent growth this year and did not collapse in March, like most retail stocks. The company started the year at $219 and touched a low of $198 in March. Currently, shares are trading at $368.\n\nSummary\n\nThis article presents the top-10 trading ideas for 2020. Investors have a dizzying amount of choices to choose from. The trick is to settle on an asset that you feel comfortable with. A forex trade idea such as AUD/USD promises plenty of volatility, while a commodity trading idea such as gold acts as a safe-haven in times of crisis. Once you determine which trade idea you prefer, choose a trading method, remain disciplined and the sky is the limit!\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![1.](https://cdn.steemitimages.com/DQmdKFRhAJcUXf3LD9abFe1Zp1mGDkCASnZj6cYLeXuUaCd/1.jpg)\n\n<h1>What is a Stock Index?</h1>\nA Stock index is a statistical measure which represents the value of a group of stocks. There are different methods in which this value is calculated which is discussed in a section below. Stock indexes are often used by investors as a gauge of how a market or section of the market is performing in the respective economy of the country listing the index. Indices can be measured regionally, nationally and globally.\n\nExamples of Some of the National Major Indices are as per below:\n\n<h3>USA:</h3>\n\n- Dow Jones Industrial Average (DJIA)\n- S&P 500\n- NASDAQ 100\n<h3>Europe:</h3>\n\n- UK – FTSE 100\n- Germany – DAX 30\n- France - CAC 40\n- Spain – IBEX 35\n- Italy - FTSE MIB\n\n<h3>Japan:</h3>\n\n- Nikkei 225\n\n<h1>Methods of the price calculation for indexes/Measurement</h1>\n- Broad Based Index– A Broad based index measures the performance of a group of stocks or a whole market. S&P 500 is an example of one of the largest broad-based indexes with 500 stocks included and the Dow Jones one of the least with 30 stocks. Price calculation can vary however the goal is to have a figure to utilise as a benchmark for viewing average price movement of a group of stocks over a time period.\n- Price Weighted Index– An Index using this method tracks changes in a particular stock’s price per share which in return allocates a greater weight for companies which have higher stock prices. In simple terms by adding each individual stock in the relative index and dividing by the total number of companies included will produce a value, therefore companies with higher stock prices have a more significant effect. The Dow Jones is an example of a price-weighted index.\n- Market Value Weighted Index/Capitalisation Weighted Index–This index tracks the proportion of a stock in relation to its market cap also known as market value. The market cap is calculated by multiplying the price per share with the shares outstanding per company, the market cap per company is then divided by the sum of all the market caps involved in the index leaving a percentage weighting of each company. Companies with a larger market cap will have a greater influence. NASDAQ and S&P 500 are examples of this calculation.\n- Performance Based Index–An index of this type includes dividend payments, capital gains and any other cash pay-outs to stockholders, the sum of these additional figures is added to the net share price prior to calculation of an index return. DAX 30 is an example of this type of index.\n- Composite Index–This type of index is a large group of equities/securities or can be an average of multiple indexes. The New York Stock Exchange is an example of this as it follows all stocks listed on this exchange. NASDAQ Composite is also an example of this tracking over 3300 stocks.\n\n<h1>What moves the price of an index?</h1>\n- Company Announcements – Changes to company structure and personnel changes in positions of employment\n- Financial Results–Profits and losses declared, however, this should also be considered alongside company debt, re-investment and the market growth\n- Economic news–Interest rate announcements, Non-farms payroll, GDP, Consumer Price Index & Purchasing Managers Index\n- Country relations– Health of relationships between countries can have a significant impact on imports and exports along with any charges included\n- Commodities– Some indexes contain more commodities than others, therefore, the impact varies\n- Index Changes– Companies can be swapped or added which can cause price fluctuation\n\n<h3>Investing in Indexes</h3>\nAs discussed in sections prior, indexes are a measure of the market and therefore cannot be invested in directly however there are options available which are detailed below:\n- Index Funds – This type of fund aims to mimic a basket of stocks in a particular index. There are usually lower charges and fees incurred in comparison to mutual funds which can incur higher charges from fund managers/companies for managing the portfolio. Index funds provide a more cost-effective solution as opposed to investing in each individual stock listed within an index.\n- Exchange-traded funds (ETFs) – The goal is similar to index funds in that It tracks and mimics a certain index however ETF’s can be traded like a stock, buying or selling as appropriate.\n<h3>Advantages and Disadvantages of Indexes/Index Funds</h3>\n- Advantages– Indexes can be a key indicator for the overall health of the market and trends which are occurring, this, in turn, can provide investors with a quick method of making more informed decisions and comparing an investors portfolio to the rest of the market. The lower fees involved with index funds as mentioned earlier also make investing in them a more attractive prospect.\n- Disadvantages– It is argued that the methods in which the numerical values are calculated either by using a price-weighted system or market capitalisation, allows for too much bias in respect to larger companies given a much more significant weighting. Indexes also swap companies, an example of this is during the 2008 crash where AIG stock plummeted but was swiftly changed with Kraft Foods resulting in the Dow upholding a higher value. In relation to the 2008 crash, Index funds followed the market trend resulting in significant losses, however, if there were a fund manager as is this case with mutual funds, some of the risks could have been hedged or changed positions to cash.\n\n[BOOK A LIVE TRADING SESSION AND LEARN HOW TO TRADE THE WORLD'S FIVE TOP INDICES!](https://www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/)\n<h1>What are The Dow Jones, S&P 500 & FTSE 100?</h1>\n<h3>Dow Jones Industrial Average (DJIA)</h3>\nThe Dow Jones was established by Charles Dow in the year 1896, at this point in time the number of stocks included was 12. To calculate the average the sum of the closing price of each company was divided by the total number of stocks included in the index. The Dow Jones is the second oldest index to the Dow Jones Transportation Average which was created in 1884.\n\nThe Dow Jones now tracks the 30 largest publicly owned companies trading on the New York Stock Exchange. The Companies included are as per below:\n\n![2.](https://cdn.steemitimages.com/DQmcjmay6gEdtSGtoHmoDrFBsLXydzTCUbzs8rQHj1CdoCG/2.png)\n\nIn 1896 the calculation for the average was simple however as more companies were included, dividing by the total number of companies involved didn’t give an accurate representation for the growth of companies in comparison to their price per share. Looking at the table above for an example a $5 increase in share price for Coca-Cola would carry the same weight as a $5 increase for Apple if the sum of all companies were divided by 30. Another example could be Coca-Cola Increasing by $5 and Apple Decreasing by $5 which would negate each other if dividing by 30. Simply dividing by 30 doesn’t take into account the percentage weighting of companies in the index, the Dow Divisor was introduced to maintain the true value of the Dow and keep continuity especially when considering stock splits and inclusions of different companies.\n\n<h3>Breakdown by Sector DJIA:</h3>\n![3.](https://cdn.steemitimages.com/DQmYsN8sWNGcDLLWhfZM9jHJP3bBmQMf7o4Ch7RPVWe2Lom/3.png)\n\n<h3>S&P 500</h3>\nThe Standard & Poor’s 500 is an index following 500 of the largest US U.S publicly traded companies, it uses the market capitalisation to produce its value. This index is viewed as a key indicator of health of the US stock market due to the fact it tracks between 70-80% of the total market capitalisation for the US stock market.The S&P 500 dates back to 1923 and at that time included 223 companies covering 26 industries.\n\n<h3>The below chart details which sectors make up the S&P 500 </h3>\n![4.](https://cdn.steemitimages.com/DQmbmJ69Qo4YGDk7LtLgtRfRnUHN1BeAUyCREUTZAuqvWju/4.png)\n<h3>FTSE 100</h3>\nThe FTSE 100 tracks the 100 largest publicly traded companies traded on the London Stock Exchange. Like the S&P 500 market capitalisation is used again tracking around 80% of the total market capitalisation for stocks on the LSE. The FTSE was created in 1984 and is widely followed as an indicator for market health for stocks listed on the LSE.\n<h4>Breakdown of the sector as per below:</h4>\n\n![5.](https://cdn.steemitimages.com/DQmcgrXeNcGX9eXrstucGmV37TEnLUUiXvktMjzbdZkeELB/5.png)\n<h1>How has Covid-19 impacted the US & UK Economies?</h1>\nThe UK economy has been impacted significantly during the [Covid Outbreak](https://www.platinumtradingacademy.com/corona-virus-impact-on-forex-market/). Almost all aspects of the economy had to be shut down or drastically reduced to suit new social distancing measures in place which were announced on 23rd March 2020.\n\nIn relation to Q1(January>March), 2020 GDP was estimated to have shrunk by 2% which is the biggest fall since Q4(October>December) 2008. The 2% reduction in GDP also accounts for a monthly 5.8% fall in monthly GDP which was the most since records have been maintained in 1997.\n\n<h4>See below for a graph illustrating the fall in GDP:</h4>\n\n\n![6.](https://cdn.steemitimages.com/DQmWaaJgayFwGoKQz6qiSRSfY35WLipFTDzjQ2xucH6zHMx/6.png)\n<h4>See below for a chart depicting a fall in services during March 2020:</h4>\n\n![7.](https://cdn.steemitimages.com/DQmcVZuq9dgEMFLMepCfGUFvTbKwYfwRWqjsbEhepnfbSWo/7.png)\n\nDuring the Covid period schemes have been to help support workers. Over 8.4 million workers are under the furlough scheme with subsidies claims rising to £15 Billion. Self-employed worker claims have also risen to over 2.3 million totalling around £6.8 Billion.\n\n<h1>How has the US economy been affected by Covid?</h1>\nThe US economy has also been significantly impacted by the virus and the below will touch on key aspects of the economy.\nReal GDP reduced by a 5% annual rate. The below illustrates the drastic impact of closing the economy down to reduce the transmitting the virus. The decline was the largest quarterly decline since the 8.4% drop in quarter four of 2008.\n\n![8.](https://cdn.steemitimages.com/DQmeTMReqbGHkUZJ7D5secEQiuH7jPkK2Z3yWVEdtpEsHnh/8.png)\n\n<h4>The graph below portrays the impact on goods and services:</h4>\n\n![9.](https://cdn.steemitimages.com/DQmfAjz2vNqmeRaX3ispexd3gC2rRWowFEmUBcNBtM3HJKG/9.png)\n\nUnemployment has also been a huge issue growing weekly, in the US. Since 2009 the jobs created total to around 22.4 Million, In 5 weeks all of the jobs created since 2009 were wiped out.\n\n<h4>See below for the current outlook and increasing claims amounting to 42.6 million.</h4>\n\n\n![10.](https://cdn.steemitimages.com/DQmVVhe3hhBjN8fEwnJeeQf88f4mzRrB7AyBCJC8ZCbKZQH/10.png)\n\n\n[BOOK A LIVE TRADING SESSION AND LEARN HOW TO TRADE THE WORLD'S FIVE TOP INDICES!](https://www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/)\n\n<h1>How has the FTSE100, Dow Jones & S&P 500 been affected by coronavirus?</h1>\n\n<h4>FTSE 100</h4>The FTSE 100 had a huge drop in value as seen on the chart below. On the 21st of February, the level was 7409.13 and this fell to 5190.78 on the 20th March which is the trough highlighted in yellow on the chart below.\n\n\n\n![11.](https://cdn.steemitimages.com/DQmYk1oqXvHd3RDe7ZNFsoMGvhrtiQHvEXMT69vqJLEPdCj/11.png)\n\nAs the pandemic has continued this has had a larger impact on some companies and has proved to be a benefit for others. 4 companies have recently exited the FTSE 100 and dropped into the FTSE 250 of which are EasyJet, Carnival(Cruise Company), Centrica(British Gas Owner) and Meggitt(Aerospace Engineering Company).\n\n<h4>What are the key reasons for removal?</h4>\n\n- Easyjet – Lack of air traffic due to travel restrictions\n- Carnival - Shares dropped 60% as travellers were stranded and quarantined on a ship for multiple weeks\n- Centrica – This company has been on the verge of exiting for a while due to cheaper utility providers taking its customer base along with the impact of lower oil and gas prices cutting profits gained.\n- Meggitt – This company was already under review as two Boeing 737 planes were grounded after two incidents and with the airline industry at a standstill less componentry and parts being required.\n\n<h4>Companies Promoted to FTSE 100:</h4>\n- Avast(Software Security Group) – This company had been performing prior to Covid and was on course to join. Initially at the beginning shares did suffer a sell-off however as the lockdown length continued and the need for people to work from home continued, this meant people begun investing in more security and anti-virus software.\n- GVC(Sports betting & Casinos) – Shares in betting firms such as Ladbrokes. At the beginning, shares plummeted as sports were postponed worldwide meaning there was far less to bet on. However, as more people were at home this led to new customers using online casinos along with slot and poker games which then provided an uplift.\n- Kingfisher – This firm made strong gains as DIY stores were allowed to remain open such as B&Q. Again, with people stuck at home, this led to investment in their own properties.\n- Homeserve(Home Repairs and Installation)– This company was performing before Covid and although there was an initial sell-off, more customers begun singing up as the lockdown continued.\n\n<h4>The chat below illustrated the points mentioned above:</h4>\n\n![12.](https://cdn.steemitimages.com/DQmXJ2qAa8fYdggdk1DzcxeuMSew8kQUsvYcBcc7kCQ1eyG/12.png)\n\n<h4>S&P 500</h4>\n\nThe S&P 500 was also significantly impacted by a coronavirus, on the 14thof February the value was 3380.16 which reduced to 2304.92 on the 20th March highlighted on the trough below.\n\n\n![13.](https://cdn.steemitimages.com/DQmPip5Zyf3fNsyro6NxURDxJz5Ej3jTJuBaisUmFP3FZeX/13.png)\n\nThe chart below details the effects of the coronavirus crash had on the S&P 500 in relation to other significant market crashes. In February S&P 500 crashed by close to 35%, the drastic affect is shown below on the 30-day chart impact.\n\n![15.](https://cdn.steemitimages.com/DQmYJRVEhxxeSViLGU4xjKqaC2TZu3f2WmFXAVudNSHFZqp/15.png)\n\n<h4>S&P 500 Winners and Losers:</h4>\nSome of the worst losing stocks in the S&P 500 are as follows:\n\n- Apache Corp(Oil & Gas) – In April this stock was down 83.7% due to the issues at the time around oil prices along with supply and demand\n- Other Energy stocks have also had a huge fall in April such as Marathon Oil down 75.9%, Noble Energy 73.4%\n- Cruise operators such as Norwegian cruise line down by 81.2% and Royal Caribbean by 75.9%\n\nExamples of stocks which gained during this period within the S&P 500 are as below:\n\n- Health-related stocks such as Gilead Sciences searching for a Covid vaccine and Clorox who make disinfectant wipes increased by 15% and 13% these figures being recorded in April\n- NortonLifeLock – gained by 27% in April as the company deals in cyber security\n- Netflix – Up by 16% in the first quarter\n\n<h4>Dow Jones</h4>\nAs have the other indices mentioned the Dow Jones reduced dramatically. On the 14th February, the value was 29398.08 dropping to 19173.98 on 20th March highlighted yellow on the chart below.\n\n![16.](https://cdn.steemitimages.com/DQmYgfwRsvLgjXdSyGBcxPunDLFDFKku9nYmSdjLkXBermX/16.png)\n\nIn March The Dow dropped by 3000 points suffering the worst drop since the Black Monday market crash in 1987 and this was after the Federal Reserve had begun its stimulus campaign.\n\n<h4>See below for a comparison of the Dow Losses throughout history:</h4>\n![17.](https://cdn.steemitimages.com/DQmXHY8r8aFZxdNfKaj98yXqFseXPXL5Ea1ZcL5ii84JLLm/17.png)\n\n<h4>Stocks which reduced in value during Covid listed on The Dow:</h4>\n\nAs of the 11th of March, some of the largest moves included Boeing, American Express, Walt Disney, Goldman Sachs, Chevron Corp and Exxon Mobile. All these reductions were due to a drop in investor confidence, isolation/social distancing and further unemployment claims leading to a drop in consumer spending and borrowing from banks.\n\n![18.](https://cdn.steemitimages.com/DQmbhBCsQ3W7gUQbpyU3LJ3XwQhyNwbuu3VuZNkPFCVCnnr/18.png)\n\n<h4>Current Outlook and Future Implications</h4>\n\nDuring the Covid-19 pandemic, there have been huge implications worldwide and for stocks. Oil prices turned negative for the first time in history, large firms have filed for bankruptcy such as JCPenney, Gold’s Gym, True Religion Apparel& CMX Cinemas. Multiple airlines require a bailout from the government such as Lufthansa (€9bn). Unemployment and claims as such have reached new heights and the Stimulus packages are having to continually increase as the pandemic continues.\n\nCurrently, stocks are on the rise meaning so are the indexes and this can be seen above. This is due to new investor confidence in economies re-opening, huge stimulus packages such as the ECB $680bn increasing the total to 1.35 trillion euros. There is confidence in pharmaceutical companies creating a vaccine however this is all a very positive outlook. Looking from another angle a lot of the confidence involved isn’t proven and there are fractions which are beginning to occur, for example, China aiming to implement new security laws over Hong Kong, the US already had made claims regarding China and withholding information over Covid, however, this has now increased tensions as the US are opposing the new laws and has threatened to blacklist Chinese companies. In retaliation, China halted U.S farm imports. The UK has also got involved by opposing China and offering 3 million people from Hong Kong refuge in the UK and also opposing using Huawei Technologies for the new 5G system. China could now potentially pull plans for building new nuclear power plants and the HS2 rail network. There could be trade war on the horizon which would have huge implications on the worldwide economy and stocks in turn. Another facts which must be considered are the riots and protests over George Floyd’s death, coronavirus has no vaccine currently and masses are congregating within close proximity without wearing effective PPE, this could be increasing the spread of Covid.\n\nEconomies are recessing and governments are attempting to battle this by injecting more money, however, people are in a recessive mindset and many people out of work completely. The threat of a huge recession is very true and could mean stocks make a sharp turn back to the downside.\n\n[BOOK A LIVE TRADING SESSION AND LEARN HOW TO TRADE THE WORLD'S FIVE TOP INDICES!](https://www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/)\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![1.](https://cdn.steemitimages.com/DQmPuc11ur6ukmjoYt2zg8W361b8Hfyuk17QX6Ff9J15xpf/1.jpg)\n<h1>What is Currency Trading?</h1>\nForex currency trading involves buying and selling currency pairs to take long and short positions in the market to generate profits from currency pair price movements. Knowing which are the best currency pairs to trade requires an understanding of what forex currency trading is, and what currency pairs are.\n\nAs of 2019, there are 195 countries in the world from which there are 180 official national currencies circulating. Couple that with the fact that cross border commerce/trade amongst the world’s nations is constantly increasing, and consumers all over the world are now able to make small scale online purchases for goods and services from providers in virtually any foreign country, the need for the efficient exchange of different currencies to facilitate international commerce at all different levels becomes inevitable. Whether it’s a nation’s central bank fulfilling the needs of its currency reserves, a large multi-national corporation making large cross border transactions in the course of conducting business, large financial institutions servicing their large international clients, forex traders/speculators taking positions on certain currencies, or even something as simple as a tourist taking a weekend holiday to a neighboring country, all of these activities result in the exchange of one currency for another, hence the need for the Foreign Exchange Market.\n\nThe Forex Market is the efficient exchange for[ forex currency trading](https://www.platinumtradingacademy.com/what-is-forex/) of one nation’s official currency for another nation’s official currency at a market rate that is free-floating and establish by competitive market forces. The Forex Market is not a centralized institution, comparable to what the New York Stock Exchange (NYSE) and the NASDAQ are to the stock market. The Forex Market consists of a vast decentralized network of broker/dealers that buy from, or sell to market participants, all the currencies of all the different nations of the world. Today, the average daily turnover in the forex market is over $5 trillion per day, making it the largest and most liquid market in the world.\n\n<h1>Currency Pairs</h1>\nIn the forex market, quoted prices reflect the rate at which one currency is exchanged for another. Each individual currency is identified with a three-letter symbol known as an ISO code (International Organization for Standardization), i.e. USD for US Dollar, EUR for euro dollar, GBP for the British pound, etc. Forex quote symbols for currency pairs are listed by pairing together the symbols of the two currencies being exchanged. For example, the EURUSD represents the currency pair that includes the Euro Dollar against the US Dollar. The GBPJPY represents the British pound against the Japanese Yen. The order in which the symbols list is of key significance in a forex quote. The first of the two symbols is referred to as the base currency, while the second is referred to as the quote currency. The amount quoted indicates how much of the quote currency is required to purchase one unit of the base currency. For example, a EURUSD currency pair quoted as 1.0812 indicates that it takes 1.0812 US Dollars to acquire 1 Euro Dollar. This rate will fluctuate to reflect changes in the supply and demand of the two currencies in the pair. Some of the best currency pairs to trade are the pairs with the most volatile price fluctuations.\n\n![2.](https://cdn.steemitimages.com/DQmYdXriuG7jYYGd6dSjJLy73eJtZzBKrwn87du2kEd1L4b/2.png)\n<h1>Currency Pairs Price Movements</h1>\nThe price of a currency pair increases and /or decreases based on the value of one currency in terms of the other in the pair. Currencies appreciate of depreciate against each other for various reasons, including the government policy, interest rates, trade deficits, and business cycles. It’s very important to understand that currency price movements cannot be viewed in the same way as price movements of other types of assets.\n\nUsing stock as an example, it represents ownership in a corporation which conducts business operations to foster constant growth and appreciation in the value of the corporation. Therefore, the price of a stock should consistently increase. Similarly, currency represents the economy of a country. The pairing of two currencies to form a rate, in essence, represents the value of the two economies relative to each other. Consequently, the underlying economic factors of the representative countries will have an effect on the currency rate of exchange. An economy experiencing growth will result in a currency appreciating, and the exchange rate will adjust accordingly depending on how the rate is quoted. The country with the weakening economy will experience currency depreciation, which will also have an effect on the exchange rate.\n\nThe important distinction between a stock and a currency is that for a stock, perpetual value appreciation is expected. On the other hand, for a currency rate, too much appreciation can have a negative impact on the underlying economy of one of the countries quoted in the rate. For example, for a country with an appreciating currency, imports become cheaper, which translates to a benefit of lower prices, leading to lower overall inflation. However, that same currency appreciation makes export more expensive to foreign buyers, and ultimately curtails demand for the country’s products. This eventually leads to a reduction in GDP, which is definitely not a benefit. Consequently, the fluctuations in currency rates ultimately reflect the economic and business cycles relative to the underlying economies of each of the countries in the currency pair and are driven by market forces. Many of the best currency pairs to trade are the pairs with the currencies of countries with the most stable and robust economies.\n\n[LEARN OUR END OF DAY CURRENCY TRADING STRATEGY TODAY!](https://www.youtube.com/embed/nSgTTZJ5h7Y?rel=0&autoplay=1)\n<h1>Trading Currency Pairs</h1>\nWhen trading a forex currency pair, traders trade the pair as a single instrument and the rate of exchange for the two currencies in the pair is the price that traders focus on to generate profit from market fluctuations. These rates (more often referred to as prices by traders) will fluctuate much the same way as stock prices do base on market volatility. Traders are able to profit from these price movements by taking a long or short position using various financial derivative instruments. Additionally, the forex market trades 24-hours a day, 5-days per week allowing for a greater range of daily price movement resulting in more trading opportunities.\n\nWithin the forex market exist the spot market. The spot market is the most popular forex market used for speculative forex trading. Itis a standardized market in which forex pairs can be bought and sold using standardized spot contracts of 100,000 units of the base currency referred to as lots. Forex lots can be bought and sold very similarly to how stocks are bought and sold in the stock market. The value of a standard lot is determined by the quoted rate multiplied by 100,000. However, the amount of capital necessary to buy or sell a lot to assume a long or short position is determined by the margin requirements of the broker that is used. These requirements vary widely from broker to broker. Standard lots can also be broken down to smaller contract denomination. A mini-lot is 10,000 units, and a micro-lot is 1000 units of the base currency. Using smaller lot sizes allows forex traders to trade with smaller capital requirements and helps to better [manage risk](https://www.platinumtradingacademy.com/forex-risk-management/).\n\n![3.](https://cdn.steemitimages.com/DQmQHzCsfAnnnWeM18UFYxU4Qmbis4dyt2gtjwZeBNvWccL/3.png)\n<h1>Best Currency Pairs to Trade</h1>\nPrice volatility, volume, wide intraday price range, and tight spreads are key elements required in order for a trader to successfully generate profits from forex currency trading. The best currency pairs to trade in the forex market are those that possess an abundance of these key elements. Currency pairs vary with respect to their trading attributes.\n<h2>Watch this video: What are the most traded currency pairs? (03mins 32secs)</h2>\nhttps://youtu.be/-fWhz1WZbUY\nAll 180 official currencies are paired with each other to form a currency pair for the purpose of completing cross-border financial transactions. But not all pairs are suitable for trading. Currency pairs that are associated with theUS Dollar and are the most widely used currencies are categorized as major currencies. These include the GBPUSD, EURUSD, USDCHF, USDJPY, AUDUSD, and USDCAD. These are by far the best currency pairs to trade in the forex market. They are the most liquid, and therefore have the tightest spreads. They are all paired with the benchmark US Dollar, so they exhibit a wide daily price range and volatility. These are all attributes that traders desire in a tradable asset. The major currency pairs account for a significant portion of the daily trading volume in the forex market.\n\nCurrency pairs referred to as “crosses” or “minor currencies” are not considered by many traders to be the absolute best currency pairs to trade, but some nonetheless are worthy of trading. Many of the pairs that fall into this category, including the GBP/JPY, EUR/GBP, EUR/CHF, etc.have sufficient volume, range, and volatility to allow for generating profits, they just have to be traded using different strategies than those used to trade the major currencies.\n\nSuccessful forex currency trading ultimately relies on entering positions that capture price movements resulting from inefficiencies in the supply and demand of a currency. The currency pairs that consistently exhibit these price movements are the best currency pairs to trade. The major currencies can always be relied upon to provide such price volatility on a daily basis.\n\n[LEARN OUR END OF DAY CURRENCY TRADING STRATEGY TODAY!](https://www.youtube.com/embed/nSgTTZJ5h7Y?rel=0&autoplay=1)\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "@@ -1,95 +1,4 @@\n-%3Ch1%3EHOW TO BECOME SUCCESSFUL TRADING FOREX - THE MINDSET OF SUCCESSFUL FOREX TRADERS%3C/h1%3E%0A%0A\n !%5BHO\n@@ -34,17 +34,16 @@\n X TRADER\n-.\n %5D(https:\n",
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      "body": "<h1>HOW TO BECOME SUCCESSFUL TRADING FOREX - THE MINDSET OF SUCCESSFUL FOREX TRADERS</h1>\n\n![HOW TO BECOME A SUCCESSFUL FOREX TRADER.](https://cdn.steemitimages.com/DQmf9Cc2usogQv9pWv62pkPEFRK8Qp9i3oV6XvtVkhLVgrP/HOW%20TO%20BECOME%20A%20SUCCESSFUL%20FOREX%20TRADER.jpg)\n\nTrading financial markets has become more and more popular as financial markets have become easier to access, trading technology has progressively become very user-friendly, and trading the markets has gradually become less cost-prohibitive. Becoming a successful trader means engaging in a profession that offers unlimited earning potential for those willing to do what it takes to achieve success. Unfortunately, not all traders will succeed. Much like professionals such as Actors, Athletes, Authors, Musicians, and Entrepreneurs (and many others), Traders have chosen a vocation in which only an exceedingly small percentage achieves the level of ultra-success that such choices beckon. Though many traders have attempted the path of trading success, many more have and will be left asking themselves “how do I become successful at trading,” and will never be able to answer the question, and consequently be successful.\n\n<h1>What is a Trader?</h1>\n\nThe dictionary definition of the word “trader” is a person that buys and sells assets for the purpose of making a profit. While this is definition is accurate, it can apply to both traders and investors. There is however a very discernible difference in the mindsets that must be embraced by the two. For all aspiring traders, understanding these different mindsets is an important step in learning how to become successful forex traders.\n\n<h3>Trading vs. Investing</h3>\n\nMany people in the financial industry, and especially novice traders, use the two terms “[trading” and “investing](https://www.platinumtradingacademy.com/how-to-become-successful-forex-trader/)” interchangeably. In learning how to become successful at trading the financial market, it is imperative for traders to understand that although they are closely related, these are two different concepts. An example using a stock clearly illustrates this.\n\nAn INVESTOR interested in investing in stock will analyse the strength of the underlying corporation’s FUNDAMENTAL data (earnings, revenues, financial ratios, etc.) in order to identify stocks that are currently trading at a price that is less than a price that would represent the true value of the corporation based on its book value. An investor will then acquire stock in the corporation (long position) and hold the position for the long-term until the price of the stock reaches a level that better represents the net worth of the corporation. At this point, an investor may choose to liquidate the position and realize the profit or continue to hold the stock and let the value grow along with the growth of a corporation.\n\nBy contrast, a TRADER analyses a stock’s historical PRICE DATA using technical analysis to forecast price movements (up or down) that result from disparities in the stock’s supply and demand of the moment. The strength of the corporation is of no concern, so long as there exists sufficient daily price movements(volatility) in either direction and volume on which the trader can trade in and out of in both up and down directions in order to capture profits from short term price movements. Understanding this mindset is the key to learning how to become a successful trader.\n\nTo the Investor, a “trade” is a necessary means to initiate the acquisition of, and to liquidate, the investment. To the trader, “trading” is more appropriately identified as an “activity.” The reason this distinction is so important is because traders must approach their analysis of the markets differently from that of the Investor. This is the first step in how to become successful at trading all financial markets.\n\n[DISCOVER HOW TO BECOME A SUCCESSFUL TRADER NOW!](https://www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/)\n\n<h1>Types of Trading for the Forex Market</h1>\n\nMany people wonder how to become a successful trader. One step toward that end is for a novice trader to adopt a style of trading that is well suited for the individual trader. After distinguishing a trader from an Investor, different types of trading styles can be delineated based on the methods used to trade. Once novice traders learn the basic knowledge needed to get started, each will begin to develop their own unique style and method that works for them.\n\n<h3>Short Term vs. Long Term Trading</h3>\nThe duration of trades and profit targets in a trading strategy used by a forex trader are perhaps the most important factors considered when determining the type of trading to use. Scalp traders seek to take advantage of very short-term price movements to capture small profits of up to about 10 pips per trade. Their approach is to closely monitor a very short term time or tick chart (1 to 5 minute, or 5 to 10-ticks) for specific price action patterns, or monitor the depth of the market on a montage quote screen to try to spot order imbalances in trade order books that result in quick price movements.\n\nNext are the intraday traders, also referred to as day-traders. This is the most popular style of trading in which traders seek to minimize risk while attempting to make profits in the range of 20 to 100 pips per trade. Positions are usually held for no more than 1 to 2 days, and losses are cut quickly. Trade exits are usually based on targets. The type of analysis used for this type of trading is typically some form of technical analysis and varies widely from trader to trader.\n\nThe swing traders and momentum traders seek larger profits from larger mid-term price movements based on forecasting short-term market trends. Profit targets range from 50 to 200 pips and exits are a combination of targets and conditions. Trades may be held for several days to a few weeks. Technical analysis is typically used to find momentum shifts in the markets and trade accordingly.\n\nPosition traders take a longer-term view and attempt to capture profits from long-term trends. These traders may use a combination of fundamental data, chart price patterns, and technical analysis using charts with larger time frames (i.e. daily, weekly, monthly). Trade exits are usually conditional and scaling in and out of trades is common.\n\n<h3>Quantitative Trading and Back-Testing</h3>\nQuantitative traders utilize all the aforementioned trading methods in conjunction with computerized statistical modelling techniques to automate the decision-making process. This allows traders simultaneously analyse and trade more assets without experiencing information overload which may lead to less than optimal decision making. It also helps traders remove emotion from the decision-making process.\n\nAnother advantage that quantitative trading allows for is the back-testing of trading strategies for validity before risking any capital. Back-testing allows a trader to use historical data to simulate the trading of a strategy over an appropriate period of time and analyse the results for profitability and risk. A trader can then decide if a trading strategy meets their minimum risk profile.\n\n<h3>Markets Available to Trade</h3>\nIn the [forex market](https://www.platinumtradingacademy.com/how-to-become-successful-forex-trader/), there are as many currency pairs as there are currencies in the world, and all pairs can be exchanged so long as they are quoted by a broker. However, not all pairs are suitable for “trading for profit” based on trading strategies that seek to profit from price movements.\n\nCurrency pairs that are categorized as “major currencies” include the EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, and the NZDUSD. These currency pairs are the most liquid and trade the highest volume on a daily basis. They also have the tightest spreads, although the spreads may vary from broker to broker and the type and size of the account. These pairs are very well suited to trading. All successful forex traders trade these markets.\n\nCurrency pairs that are not associated with the US Dollar are referred to as “minor currencies,” or “crosses.” These pairs have slightly wider spreads, are not as liquid as the majors, but they are sufficiently liquid markets nonetheless. The crosses that trade the most volume are amongst currency pairs in which the individual currencies are also majors. Some examples of crosses include the EUR/GBP, GBP/JPY, and EUR/CHF to name a few. Most of these pairs are also well suited for trading.\n\nThe third category is referred to as the “exotic currencies.” These currency pairs include currencies of emerging markets, are not as liquid, and the spreads are much wider. An example of an exotic currency pair is the USD/SGD (US Dollar/Singapore Dollar).\n<h3>Currency Pair Attributes to Consider</h3>\nWhen trading the forex market, the trading strategy that is employed will determine what currency pairs can be successfully utilized to generate profit. As a general rule, all strategies require that the currency pairs have high liquidity, reasonable spreads, and decent execution by the broker. A short-term intraday strategy that seeks small profits will require the tightest spreads and fastest executions in order to avoid excess slippage. Too much slippage on a short-term strategy may result in losses, even if the strategy shows promise in backrests. By contrast, a strategy that is longer-term in nature in which slippage is not as critical, currency pairs that have wider spread may be suitable.\nAnother important element to consider is the amount of profit (or loss) resulting from a one pip price movement. For example, the US dollar (USD) per pip for the GBPUSD and the EURUSD is fixed at $10. This means that for every single pip movement in price will result in $10 of profit (or loss) per contract. Currency pairs in which the USD is the base currency (listed first in the pair: i.e. USDJPY and USDCHF) will vary in US dollar per pip depending on the price. The currency pairs with higher profit per pip movement will yield more profit/loss and are better suited for trading. That is not to say that currency pairs with lower profit per pip movement should not be used, however, profit expectations should be adjusted accordingly. Some trading strategies are not flexible enough to use currency pairs with a lower-yielding US dollar per pip metric.\n\n<h2>Watch this video: How to be a successful trader (15mins 17secs)</h2>\nhttps://youtu.be/mRirStGWnJQ\n\n<h1>How to Become a Trader?</h1>\n\n<h3>A Trader’s Education</h3>\nLearning how to become successful forex traders is not common knowledge. It is a process that successful forex traders must persevere through. The first and foremost requirement for all successful forex traders is the acquisition of trading and market knowledge. There are many avenues for accomplishing this requirement ranging from watching YouTube videos to completing a full-fledged university degree with a major in the subject, and everything in between. The level at which an aspiring trader begins the education process varies depending on circumstances, but certain elements should exist for every trader’s educational journey. Some sort of training program, whether formal or informal should be completed. At minimal, a [course](https://www.platinumtradingacademy.com/how-to-become-successful-forex-trader/) should include topics in basic market and trading principles, trading technology, and risk/money management. More advanced subjects should follow, but these should be enough to get started trading on a demo account. Lastly, a trader’s education should be never-ending.\n<h3>Demo Account</h3>\nMost forex brokers offer demo accounts (short for demonstration accounts) to entice potential customers to eventually open a real account. Demo accounts simulate real accounts, but the balances do not represent real money. A very important part of learning how to become successful forex traders includes practicing on a demo account. Novice traders should apply all the knowledge they learn on a demo account to refine and practice their trading skills and develop a trading style and strategy that they’re most comfortable with. A novice trader should not transition to a real account until such time that they make consistent profits for at least several months. If a trader cannot generate profits on a demo account, they surely will not do so on a real account.\n\n<h3>Live Trading</h3>\n\nA novice trader can acquire vast amounts of knowledge and hone their trading skills to perfection on a demo account, but there is still one very important element that must be overcome. All the knowledge and practice in the world cannot teach, simulate, or prepare a novice trader for the effects that the emotional distress of trading is going to have on them. When the novice trader transitions to a real account, experiencing greed and fear, two extreme human emotions, will be introduced into the trading process. If not recognized and checked, rational decision-making ceases, and critical errors usually follow. This emotional component of trading must be experienced in order to overcome it. For anyone that is wondering how to become successful at trading, this part of the journey leads to loss of capital, and unfortunately, it is here when most traders fail. It is here where perseverance matters. All successful forex traders will attest to the fact that they went through a losing phase but did not give up. And eventually, the trading profits came, began to be consistent. At this point success as a forex trader is possible.\n[DISCOVER HOW TO BECOME A SUCCESSFUL TRADER NOW!](https://www.platinumtradingacademy.com/1-2-1-session-thank-you-pta/)\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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      "body": "![THE IMPACT OF GLOBAL EVENTS ON THE AUSTRALIAN DOLLAR](https://cdn.steemitimages.com/DQmRzAcwzzmdgw5774opGzDwHv6PSwr9CtPVcaiJPpRiTop/THE%20IMPACT%20OF%20GLOBAL%20EVENTS%20ON%20THE%20AUSTRALIAN%20DOLLAR.jpg)\n\nToday we’re looking at the impact of global events on the AUD/USD pair, such as the Economic Crash of 2008 when the housing market caused major financial collapse around the globe, with many economists considering it the most impactful [financial crisis](https://www.platinumtradingacademy.com/coronavirus-financial-market-crisis/) since the 1930s’ Great Depression, and now the Coronavirus Pandemic, which has seen markets take major hits unseen for many years.\n\nWe’re also going to look at how you can trade AUD/USD news events, even during these difficult times, as well as our AUD/USD forecast and analysis so that you too can discover how to trade the AUD/USD with perfection and finesse.\n\n<h2>The Impact of the 2008 Financial Crisis</h2>\nWe live in a very interconnected world, one where even a localised event can have an impact on a host of global financial markets such as the currency market (BREXIT for example). And the currency markets are highly sensitive to any global event. The Australian dollar is especially susceptible due to Australia’s reliance on both the Chinese and United States economy.  One example of such a global event where the AUD/USD was impacted was the 2008 recession.\n\n![Impact of the 2008 Financial Crisis](https://cdn.steemitimages.com/DQmV4WuPp9F9wGLeuj74w2BLBisK1ex6VVqx3wB3gCoKdqJ/Impact%20of%20the%202008%20Financial%20Crisis.jpg)\n\n\n\nFrom about July 2008 – October 2008, the AUD depreciated while the USD appreciated. This drop in the AUD/USD exchange rate was due to the demand for AUD dropping and demand for USD increasing.\n\nBut what caused this shift in the AUD depreciating and the USD appreciating?\n1. Investors moved their money to a safe haven currency like the USD and to safe haven assets like GOLD. This increased the demand for USD and decreased demand for AUD.\n2. Consumers consumed less due to economic pressures, which in turn means there was less demand for goods. This will impact the exports from Australia which again means less demand for AUD\n3. Global companies with debt denominated in USD, had to secure USD to meet their debt obligations.\n\nFrom this it is clear to see why the AUD/USD depreciated so much. Recovery in the AUD/USD only started around March 2009 (8-9 months later), and about 80% of the depreciation was recovered by December 2009. Thus, it took about 18 months from the start of the depreciation cycle, to recover to normal levels.\n\n<h2>The Impact of the Coronavirus Pandemic</h2>\nLooking at the recent COVID-19 pandemic, we know that there is going to be major economic impact due to the lockdown that is being implemented globally to stem the spread of the virus (greater than the 08/09 crisis). Countries have restricted the movement of people across borders and implemented social distancing measures and the result has been major disruptions to economic activity across the world. It is likely to remain the case for now as efforts continue to contain the virus.\n\nThe virus outbreak started in China, which is also the first country to implement lockdown measures. Given Australia’s heavy reliance on the Chinese economy, we can say that the AUD is a proxy for the Chinese Yuan. Thus, as the cases of COVID-19 increased in China and the Chinese economy slowed, the AUD depreciated against the USD.\n\n<h2>AUD/USD Analysis</h2>\n\n![aud usd analysis](https://cdn.steemitimages.com/DQmYMYS8LBQ49a2s6stfJejQhhdwipgQTdcVgkrFejjms1u/aud%20usd%20analysis.jpg)\n\n\n\nThe decline in the AUD was not solely in response to the Outbreak of COVID-19. The AUD has been slowly depreciating since early 2019, partly due to the trade war between USA and China and partly due to the disastrous bush fire season. Normally a depreciation of the AUD benefits Australian exporters (weaker AUD increases demand for exports and tourism). However due to the COVID-19 pandemic, the circumstances have not allowed for an increase in demand for exports and tourism. This together with the rapid global spread of the virus has decrease the demand for the AUD, causing a major depreciation of the AUD against the USD.\n\n\n![aud usd analysis 2](https://cdn.steemitimages.com/DQmZc1PsdrMLwaVJYykQnARQchAniQ8imaft1U8vuSoi23i/aud%20usd%20analysis%202.jpg)\n\n\nThe current drop in the AUD/USD price is due to the shock of the virus as the economic impact of the virus has not yet been seen in economic numbers. The drop is mostly due to investors moving their money to a safe haven currency like the USD. This means that the demand for AUD has decreased and the demand for USD has increased. As previously stated, global companies with debt USD is also in need of USD to meet their obligations. To ensure sufficient supply of USD, the RBA and Federal Reserve came to an arrangement where the Federal Reserve would swap USD for AUD (19 March). This has had an effect of a recovery in the AUD/USD exchangerate from 0.55 on 19 March to 0.63 on 10 April.\n\n<h2>AUD/USD Forecast</h2>\nNow let’s get into our AUD/USD forecast. Given that the economic data has not yet shown a lot of strain (U/E rate has actually improved MoM from February to March), and that there is no sign yet of an end to lockdown/social distancing, I feel the AUD is still going to feel a lot of downside pressure in the coming weeks/months. As soon as we start to see the economic data showing the full strain of COVID-19, AUD will start to depreciate more. And if the 2008/09 crisis is anything to go by, the downturn would happen over quite some time (few months) before there will be any recovery.\n\n\n![aud usd forecast](https://cdn.steemitimages.com/DQmVarPouW9Tu2rtXE9beYBZ9Xy51bGmf36qW8ugNkTUUSj/aud%20usd%20forecast.jpg)\n\n\nAbove is a daily graph of AUD/USD. We can see that prior to the COVID-19 shock, the AUD/USD was moving along a declining trend line. After the initial shock, the AUD/USD recovered to again touch this descending trendline, but not breaking through the trendline. The yellow dash-lines represent areas of support and resistance.\n\nWhat I would look for is for the AUD/USD to continue downwards, breaking through the 61.8 Fibo level, which then shows a downward trend has developed. The AUD/USD should then continue downward with support at the 100 and 161.8 Fibo levels. If the AUD/USD can break below the 18 year low of 0.55, then there is room up to (and perhaps even lower) than the 261.8 level.\n\nMy first sell order would be when the AUD/USD has a first candle closing below the 61.8 level, and we have the necessary economic data that will back up a downwards trend in the AUD/USD.\n\n<h2>Our Previous AUD/USD Forecast & The Results</h2>\nIn the video below, we look at our previous AUD/USD forecast(s) over the past couple of weeks as the Coronavirus pandemic has been going on. You will see exactly what our clients are provided with each week, and the professional level of analysis that you can expect from our Platinum Traders. We provide an updated AUD/USD forecast each and every week, along with our other major currency pairs, as well as opportunities to trade AUD/USD news events.\n\n<h3>Watch this video: Top Tips for Trading the AUD/USD (04mins 10secs)</h3>\nhttps://youtu.be/IR9JU8rJZSc\n\n<h2>Trading AUD/USD News Events</h2>\n\nThe Coronavirus Pandemic has had a major effect on global markets as stated above, but it’s not the only news event that’s moving the markets right now. While most of us are stuck at home, unable to do anything, our respective governments are trying to keep out relative economies afloat through various stimulus packages, bailouts, and so on. These are major market movers, as they will determine how strong our economies will continue to be once this pandemic has passed us by.\n\nWhen it comes to trading AUD/USD news events, you have to adopt similar principles to the ones you would when trading some of the other major currency pairs, and remember that if there is already an expected result, a lot of the impact of a particular AUD/USD news event will already be priced into the markets, and there may not be as large a move as you might expect on release.\n\nIf you would like to trade AUD/USD news like a professional, or simply learn how to create your own AUD/USD forecast, then simply get in touch and we would be more than happy to assist you in furthering your trading career. Join us below to get started!\n\nFURTHER YOUR TRADING CAREER TODAY WITH THE PLATINUM TRADING TEAM!\n\nThank you for reading our blog, we hope you make good use of the knowledge that you’ve gained, our AUD/USD forecast, and our insight on trading AUD/USD news events.\n\nHopefully, you have enjoyed today’s article. Thanks for reading!\n\nHave a fantastic day!\n\nNisha Patel\n\nLive from the Platinum Trading Floor.",
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