Why do traders prefer Forex over stocks when it’s more complicated?
Articles / April 26, 2021

Active traders and investors now have access to an increasing range of trading instruments, ranging from tried-and-true blue-chip stocks to the fast-paced derivatives and foreign exchange (or forex) markets. It can be difficult to decide which of these markets to trade, and several considerations must be weighed in order to make the right decision. The risk profile and trading style of the trader or investor may be the most relevant considerations. Buy-and-hold buyers, for example, may prefer the stock exchange, while short-term traders, such as swing, day, and scalp traders, may prefer forex because of its higher price uncertainty. Forex VS Blue Chips When comparing forex to blue-chip stocks, there are a few things to bear in mind.   According to the most recent Bank for International Settlements study, the foreign exchange market (also known as forex) is the world’s biggest financial market, with more than $6.6 trillion in average daily trading volume. The forex market attracts many traders due to its high liquidity, round-the-clock trading, and the amount of leverage available to participants.   Blue chips, on the other hand, are stocks of firms that are well-established and financially stable. These stocks have a tradition of paying dividends and…

Currency trading as a profession – Pros and Cons
Articles / April 20, 2021

The FX market is still a place where retail CFD traders can find numerous opportunities across all currencies: majors, minors, or exotics. Embracing currency trading as a profession comes with both pros and cons, which is why all beginners need to be well aware of what they’re getting involved in. Favorable conditions in the FX market One of the first reasons starting forex trading is suitable now has to do with the current activity in the market. Prices are more active across the board and as new important headlines are driving order flows, plenty of short-term trading opportunities emerge. With the right techniques, tailored risk management, and a proper mindset, any individual can start trading from the comfort of their own place, without a fixed schedule or deadlines. Why traders should start trading currencies Financial freedom is very important, and the financial industry is a place where the potential for returns exist. Also, since advanced technologies have been developed, in the form of trading platforms or tools, convenience is acting as a tailwind. Retail trading interest has surged since the beginning of 2020 and even though things have settled recently, there is no other period in history when the world…

IGT stock price performances 2020 – 2021
Articles / September 11, 2020

IGT stock prices have been operating and behaving in a very strange way recently. It is obvious that the stock prices have changed a lot and we expect them to change even more in the future. The drastic change in the stocks and prices have been determined by certain events though this year. Those are majorly known as the coronavirus and the global pandemic. The events have shaped a completely new reality for every one of us. The IGT is one of the most demanded and one of the most popular stocks for the ones who are anyhow involved in the topic and involved in the industry. Gaming is generally one of the most favorite activities overall, which recently got a completely new value on the international scale. The most important was the value of the profession and the inclusion of the gaming lessons in the official curricula Thus, the gaming industry will necessarily improve and shall be rated even higher sooner or later. One the other side with the unpredictable stock market for the current period, it is very hard to determine what should we expect specifically from the IGT stocks? Will they continue decreasing in the dynamics, or can…

How to Trade the Oil Market
Articles / April 14, 2020

Oil is traded around the globe supplying most of the energy that is used for everything from transportation to electricity generation. Oil is generally considered a fungible asset. This means that oil with certain specifications should trade at the same level excluding transportation, in every location around the globe.

How will the fall of the Forex market in March affect the brokerage business?
Articles / March 25, 2020

In March 2020, a severe blow was brought to the entire world market. The global economic situation escalated amid an outbreak of the coronavirus epidemic, the so-called COVID-19. Such a sharp fall in the stock, commodity and cryptocurrency markets has not been seen since the time of the global crisis of 2008. The worst collapse occurred after the official announcement by the WHO of the pandemic. This situation has become the worst event in the last few years. The fall lasts more than a week, and the situation is aggravated by the negative expectations of investors and traders. Analysts are trying to assess the effects of coronavirus on the state of the economy. Fear of the spread of the virus is forcing investors to sell off their assets and flee the markets, which could cause a serious blow to the global economy. The market is always cyclical and fluctuates like a pendulum – it is actively growing, and it is rapidly falling. You must continuously monitor the situation and act calmly, no matter how strong the panic. During a collapse, even professionals can succumb to a general panic mood and sell off assets despite the fact that everything can change at…

Basic Breakout Strategies for Cryptocurrency Trading
Articles / April 16, 2019

Breakout strategies are very popular for Forex and stock trading and as it can be noticed, they also work when it comes to big market cap cryptocurrencies. Considering that they offer opportunities to enter the market in the dominant direction of the order flow, we want to give you a simple strategy that any beginning trader can include in its trading plan. The breakout strategy With-trend trading must be your priority if you want to generate returns by trading cryptocurrencies, and the breakout strategy is the right tool to do that. It does not matter whether you trade MGC cryptocurrencies, eToro, or any other broker. As long as you have interactive charts, you’ll be able to spot breakout trading opportunities. In order to explain the strategy better, we’ll use an actual example from the chart. Below you can see a Bitcoin 5-minutes chart from the beginning of April 2019, when the price surged impulsively to the upside. Source: tradingview.com We’ve drawn a line at $4,384, because that was a December 2018 high and a key level. The most important component of this breakout strategy is the breakout bar. As you may notice, it is very large in size and closes…

Top jobs you can do from home in South Africa
Articles / February 23, 2019

Many people nowadays are attracted to the idea of working from home. It is becoming more and more common especially among young people who are sick of sitting in the office from nine to six doing work that bores them and does not pay that much. Compared to this, work from home jobs in South Africa has a lot of advantages – you do not have to go to the office every morning and stay there for eight working hours no matter if you have enough work or not, you schedule your work by yourself and have time to do things, that the fixed time frame does not allow you, you can spend more time with your family. One of the main advantages is that you have the possibility not to limit your time and skills with just working at only one company and individual, but you can have several employers- hence have a bigger income, and most importantly while you can work for local companies remotely, you can as well work for firms all around the world. There are lots of things I can talk about in favor of working from home, but I assume I would not be…

CoolBitX and Changelly are now partners
Articles / October 20, 2018

Being able to have a good service of transfers within the cryptocurrency market is an asset people are willing to pay for. Because of the sensitiveness of cryptos, every second is essential for the biggest profits. Therefore every E-wallet developer has started to look for new opportunities and partnerships with the best providers. CoolBitX who is acrually the creator of the first ever mobile hardware wallet, was able to find exactly this type of deal with the crypto exchange provider Changelly. Changelly features instant transfers and exchange of every CoolWallet featured cryptos. What’s in it for you? If you are a crypto holder then you understand the pain of trying to find a reliable storage privder. The only things you can sort of trust and use are wallets and hardware options. However the two services have become very outdated, because the innovations in the blockchain world have long outraced them and left them behind. CoobiX and Changelly are aiming to fix exactly that problem and feature trade, exchange, purchase and storage features on their new joint platform. No longer will you need to face days of transfer procedures and high commission fees. If your desire was to be able to…

Britain could become a potential hub for Fintech
Articles / October 18, 2018

Brexit has a lot of politicians and high authority individuals scrambling for ideas. A lot of them have started to seize opportunities with international partners about certain topics, given the fact that the UK will stop being under EU regulations and jurisdiction. One of these high authority individuals is Philip Hammond, who you may know as the Chancellor of the Exchequer. Hammond has talked about his plans on making the UK the hub for any potential fintech industry. In his words, it is essential that Britain remains as the key player in financial affairs around the globe, and for this, they will require an updated approach to innovations in the financial services market. What the Chancellor announced The statement was made at the IMF Annual Meeting in Bali, where the main reason for the gathering was exactly financial technology. Hammond emphasized his optimism about the whole ordeal of fintech and promised to be the gateway between the innovations in technology and Britain. he mentioned how important it was for the country to feature such services that will save customers money and refresh the market. One of the key components of Britain’s interest in the new fintech industry is obviously cryptocurrencies….