Abstract：For a currency pair, forex brokers will provide you two prices: the bid and ask price. The "bid" is the price at which the base currency can be SOLD. The "ask" is the price at which the base currency can be BOUGHT.
　　For a currency pair, forex brokers will provide you two prices: the bid and ask price.

　　The “bid” is the price at which the base currency can be SOLD.

　　The “ask” is the price at which the base currency can be BOUGHT.

　　The spread is the difference between these two prices.

　　Also known as “bid / ask spread”. Spreads are the profits of brokers with no fees. This spread represents the cost of providing transaction immediacy. Therefore, the terms “transaction cost” and “bidasque spread” are sometimes used interchangeably.

　　Instead than imposing a separate fee for each trade, the cost is incorporated into the buy and sell prices of the currency pair you wish to exchange.wikifx

　　This makes sense from a business aspect. The broker provides a service and must make a profit in some way.

　　• They profit by selling the currency to you for more than they paid for it, and they profit by purchasing the currency from you for less than they will receive when they sell it. This discrepancy is referred to as the spread.

　　It's the same as attempting to sell your old iPhone to a store that sells used iPhones. (Can you imagine a smartphone with only two rear cameras？ Yuck!)

WikiFX,
　　To earn a profit, it must purchase your iPhone at a cheaper price than it would sell it for.

　　If it can sell the iPhone for $500, the maximum it can buy from you and still make money is $499.

　　The spread is that $1 difference.

　　So when a broker says “zero commissions” or “no commission,” it's deceptive since you still pay a commission even though there is no separate commission cost.

　　It's simply baked into the bid/ask spread!

　　How is the Spread in Forex Trading Measured？

　　The spread is often measured in pips, which is the smallest unit of a currency pair's price fluctuation.

　　One pip is equal to 0.0001 for the majority of currency pairs.

　　1.1051/1.1053 is an example of a 2 pip spread for EUR/USD.

spread
　　Currency pairs involving the Japanese yen are stated to two decimal places (unless there are fractional pips, in which case three decimals are used).

　　For example, the USD/JPY rate is 110.00/110.04. This quote shows a 4 pip spread.

　　What Types of Spreads are in Forex？

　　The spreads you see on trading platforms are determined by the forex brokers and how they make money.

　　Spreads are classified into two sorts.

WikiFX,
　　Fixed spreads are typically given by brokers who operate under the market maker or “dealing desk” model, whereas variable spreads are typically offered by brokers who operate under the “non-dealing desk” model.

　　What are Fixed Spreads in Forex？

　　Fixed spreads remain constant regardless of market conditions at any particular time. In other words, the spread is unaffected by whether the market is erratic like Kanye's moods or as quiet as a mouse. It remains the same.

　　Brokers that function as market makers or “dealing desks” provide fixed spreads.

　　Using a dealing desk, the broker purchases large positions from their liquidity provider(s) and sells them to traders in smaller increments.

　　This means that the broker serves as the counterparty to the trades of their clients.

　　Because a dealing desk allows the forex broker to control the prices displayed to its clients, they can offer set spreads.

　　What are the Advantages of Trading With Fixed Spreads？

　　Because fixed spreads have lower capital requirements, trading with fixed spreads is a less expensive option for traders who don't have a lot of money to start trading with.

　　Trading with set spreads also improves the predictability of computing transaction costs.

　　Because spreads never fluctuate, you always know what you're going to pay when you open a transaction.

　　What are the Disadvantages of Trading With Fixed Spreads？

　　Because pricing comes from a single source, requotes are common while trading with fixed spreads (your broker).

　　And by regularly, we mean almost as frequently as the Kardashian sisters' Instagram postings!

　　There can be instances when the forex market is volatile and prices change quickly. Because spreads are set, the broker cannot extend the spread to reflect current market conditions.

　　As a result, if you try to enter a deal at a given price, the broker will “block” the order and ask you to accept a different price. A new price will be “re-quoted” to you.

　　The requote notification will show on your trading platform, informing you that the price has changed and asking you whether you are happy to accept the new price. It's almost always a lower price than the one you requested.

　　Another issue is slippage. When prices move quickly, the broker is unable to maintain a stable spread on a consistent basis, and the price at which you eventually end up after initiating a transaction will be significantly different from the original entry price.

　　Slippage is akin to when you swipe right on Tinder and agree to meet up with that attractive gal or guy for coffee only to learn the person in front of you does not resemble the photo.

　　What are Variable Spreads in Forex？

　　Variable spreads, as the name implies, are always shifting. The spread between the bid and ask prices of currency pairs is continually shifting with varying spreads.

　　Non-dealing desk brokers provide variable spreads. Non-dealing desk brokers obtain currency pair pricing from numerous liquidity providers and pass these prices on to traders without the involvement of a dealing desk.

　　This indicates that they have no influence over the spreads. And spreads will broaden or contract dependent on currency supply and demand as well as overall market volatility.

　　Spreads typically widen during economic data releases and other times when market liquidity is low (like during holidays and when the zombie apocalypse begins).

WikiFX,
　　For example, you might want to purchase EURUSD with a 2 pip spread, but just as you're about to click buy, the US unemployment report is issued, and the spread quickly widens to 20 pip!

　　Oh, and spreads may grow if Trump tweets about the US currency at random while still President.

WikiFX,
　　What are the Advantages of Trading With Variable Spreads？

　　Variable spreads remove the need for requotes. This is due to the spread's volatility accounting for price variations caused by market conditions.

　　(However, just because you will not be requoted does not imply you will not have slippage.)

　　Trading forex with variable spreads also gives more transparent pricing, especially as having access to quotes from different liquidity providers usually means better pricing due to competition.

　　What are the Disadvantages of Trading With Variable Spreads？

　　Scalpers should avoid variable spreads. The widening spreads can swiftly eat away at any profits made by the scalper.

　　Variable spreads are equally detrimental to news traders. Spreads can widen to the point where what appears to be a profitable trade can transform into an unprofitable trade in the blink of an eye.

　　Fixed vs Variable Spreads: Which is Better？

　　The choice between fixed and variable spreads is determined by the trader's requirements.

　　Fixed spread brokers may be preferable to variable spread brokers for some traders. The opposite may be true for other traders.

　　Fixed spread pricing is generally advantageous to traders with smaller accounts and who trade less frequently.

　　Variable spreads will also help traders with larger accounts that trade regularly during peak market hours (when spreads are at their narrowest).

　　Traders that need fast trade execution and wish to avoid requotes should use variable spreads.

　　Spread Costs and Calculations

　　Now that you understand what a spread is and the two sorts of spreads, you need to know one more thing...

　　The spread's relationship to actual transaction costs.

　　It's really simple to compute, and all you need are two things:

　　· The price per pip.

　　· The number of lots in which you are trading

　　Let's have a look at an example...

spread
　　You can buy EURUSD for 1.35640 and sell EURUSD at 1.35626 in the quote above.

　　This indicates that if you buy EURUSD and then immediately sell it, you will lose 1.4 pips.

　　To calculate the overall cost, multiply the cost per pip by the number of lots traded.

　　Hence, if you're trading small lots (10,000 units), the value per pip is $1, so the transaction cost to open this trade is $1.40.

lot,
　　The cost of pip is linear. This implies multiplying the cost per pip by the number of lots you are trading.

　　When you increase the size of your position, your transaction cost, which is reflected in the spread, rises as well.

　　For instance, if the spread is 1.4 pips and you trade 5 micro lots, your transaction cost is $7.00.

Abstract：TradingView offers several advanced market research tools to traders. The integration was made with the help of Spotware.
<a href=Pepperstone_office.jpg" title="Pepperstone_office.jpg" />
　　Pepperstone announced on Tuesday its partnership with TradingView. With this, the brokers services will be integrated into TradingView, providing traders access to charts, analysis and other trading tools.

　　“TradingView offers one of the most impressive and in high demand web-based charting tools and social trading community experiences,” said Tony Gruebner, the Chief Marketing Officer at Pepperstone.

　　For the integration with TradingView, Pepperstone has tapped the services of Spotware Trading Technology, a Cypriot company that licenses the popular c-Trader trading platform.

　　“At Pepperstone, we are client obsessed and always looking to offer leading technology and tools to enrich the trading experience. We are very excited to work with Spotware and cTrader to include TradingView as part of our extensive trading technology portfolio that allows clients to trade the way they want to trade,” Gruebner added.wikifx

　　Headquartered in Australia, the broker assured that its integration with TradingView will be available to its clients in China and Germany.

　　A Popular Platform with Retail Traders

　　TradingView is one of the very popular market research platforms available to retail and professional traders. In addition, it allows brokerage platforms to integrate their services so that trades can be directly executed from the market research platform.

　　Several other top brokerages have also integrated their services with TradingView, which has become one of the most visited websites in the finance niche.

　　“We're delighted to be extending our partnership with Pepperstone, by powering their integration into TradingView. This collaboration represents a new undertaking for Spotware and it's an important step in our company's journey, which is in line with the core values of our company in putting trader needs first,” Spotwares Head of Business Development, Alexander Geralis said.

　　“On behalf of both Spotware and cTrader, we look forward to both, this partnership, and to supporting other third-party service integrations in the future.”

Abstract：Although Forex trading is regulated in South Africa, it is still possible for traders to take advantage with WikiFX of busy times in the market to make a profit.
　　Overview

　　The Forex or foreign exchange market is an international financial market where traders exchange different currencies in the hopes that they will make a profit from the trade.

　　There are also South African traders who trade in this international market and although these traders need to adhere to the regulations set out by the Financial Sector Conduct Authority (FSCA), they can still take advantage of busy times in the Forex market to leverage high returns. Not forgetting some of the other advantages that are associated with Forex trading.

WikiFX,
　　What is the Forex market？

　　The Forex market is an international liquid financial market where foreign currencies are exchanged. This is one of the largest financial markets in the world, with about R100 trillion worth of trades made daily.

　　In this market, traders from all around the world buy and sell different currencies in the hopes of making a profit from these trades. Since the prices of currencies change and fluctuate over time, traders who trade in the Forex market take advantage of the times when these prices are particularly volatile in order to sell currencies for a higher price than they were purchased for.

　　What is Forex trading and how does it work in South Africa？

　　Forex trading is legal in South Africa and is regulated by the FSCA to protect the industry and ensure healthy competition in the market. Forex trading is used by different individuals and groups like financial institutions and investment banks as a form of investment.

　　In South Africa, the only way for individuals who want to trade on the Forex market to access this market is through a Forex broker. This Forex broker will provide the trader with access to the market and any software and information needed in order to exchange different currencies on the Forex market.wikifx

　　Forex traders in South Africa do have basic principles to follow, and there are times when the market is more active than others. Many traders get into this dynamic and busy field for the advantages that Forex trading may offer.

　　Specifics of Forex trading in South Africa

　　Although Forex trading in South Africa is regulated by the FSCA, there are other countries around the world where the regulations are much stricter. This regulation may leave some gaps in terms of protection for traders when it comes to the Forex industry.

　　For instance, Forex brokers do not have to offer their clients negative balance protection, which means that it is possible for Forex traders to lose more money on the market than they have in their accounts.

　　FSCA registered Forex brokers also need to keep their clients funds separate from their business operating costs, and will need to apply for an Over-the-Counter Derivative Provider (ODP) licence. This licence should protect clients from inefficient trades and business operations.

　　It is also possible for traders to make use of Rand (ZAR) trading accounts, which can help to avoid unnecessary conversions between currencies when trades are made.

　　South African Forex trading sessions

　　Since the Forex market is open all around the world, the market is technically open 24 hours a day throughout the week. However, traders have the highest chances of making a profit when the market is busy. As a result, there are four main trading sessions throughout the day when the market is the busiest, that traders should be aware of.

　　These sessions in South African times and which markets they correspond with can be summarised as follows:

Trading session Time (in South African Standard time)
Sydney 11 PM to 7 AM
Tokyo 1 AM to 9 AM
London 9 AM to 6 PM
New York 2 PM to 10 PM
　　The advantages of Forex trading

　　While many traders start Forex trading as a way to make an extra income or gain financial freedom, there are also many other advantages to successful Forex trading. Some of these advantages include:

　　All you need to access the market is a broker and the internet

　　The 24/5 market times

　　You only need a small amount of money to start out with leverage trading

　　Traders have the opportunity to short sell

　　You do not need much money to get started in trading

　　Final thoughts

　　Different currencies from around the world are exchanged on the Forex market.

　　South African traders are among those with hopes of exchanging one currency for another during busy times in the market, to make a profit and secure some of the other benefits of Forex trading.

Abstract：You may have heard the terms "pips", "points", "pipettes" and "lots". Now I will explain what it is and how to calculate its value.
　　Arithmetic operations are performed here. only a little

　　You may have heard the terms “pips”, “points”, “pipettes” and “lots”. Now I will explain what it is and how to calculate its value.

WikiFX,
　　Please take the time to study this material as it is very important for any Forex investor to understand. Dont think about buying or selling until you are familiar with pip values and profit and loss calculations.

　　What is a pip？

　　A “point” is a unit of measure used to describe the difference in value between two currencies. If EUR/USD increases from 1.1050 to 1.1051, a USD 1,0001 increase in value equals 1 pip. The pip is the last decimal point in the price quote. Most pairs are accurate to four decimal places, with rare exceptions, such as Japanese yen pairs (accurate to two decimal places). For example, EUR/USD is 0.0001 and USD/JPY is 0.01.

WikiFX,
　　What is a pipette？

　　There are forex brokers that display currency pairs with a precision of “5 and 3” rather than “4 and 2” to decimal places. They often mean a fountain pipe known as a “dot” or “pipette”.

　　If the concept of “pip” does not cause enough confusion for novice Forex traders, consider the following: A “pip”, “pipette” or “decimal point” is equivalent to “tenths of a point”.

　　For example, if the GBP/USD exchange rate increases from 1.30542 to 1.30543, an increase of 0.00001 USD equals ONE PIPETTE.

WikiFX,
　　On the trading platform, fractions are expressed as:

WikiFX,
　　On buy and sell platforms, a number representing a tenth of a pip usually appears to be the correct of the two larger numbers. Here is a point “map” to help you find a way to learn points.

map,
　　 How to calculate pip value

　　Each currency has its own relative value, so you need to calculate the pip value for that currency pair. The following example uses quotation marks with four decimal places. To make the calculation easier to understand, we display the exchange rate as a percentage (for example, at 1.2500, the EUR/USD exchange rate is expressed as “1 Euro/1.2500 USD”). Example #1: CAD/USD = 1.0200

　　Multiply USD 1 to CAD 1.0200 (or USD 1 / CAD 1.0200) (the change in the value of the opposite currency) by the exchange rate factor. Same as pip value (default currency)

　　[0.0001CAD] Multiply [1 USD / 1.0200CAD]

　　or [(0.0001 CAD) / (1.0200 CAD)] × 1 USD = 0.00009804 USD per exchange unit.wikifx

　　If 10,000 units were sold in USD/CAD, a single tube fume hood with internal replacement filling could be a fume hood for $0.99 (10,000 units x $0.00009804 per unit). The value of each pip is called “roughly” because it fluctuates with the trading rate.

　　Example # 2: GBP / JPY = 123.00

　　Here's another example. This time there is a currency pair in which the Japanese Yen is used as the counter currency. It is worth noting that these currency pairs only provide two decimal places to represent a one-pip difference in value (most other currencies have four decimal places). There will be 1 point move in this situation. 01 yen

　　(the change in the value of the counterparty currency) multiplied by the exchange rate factor gives the value in pip (in the base currency).

　　[0.01 JPY] x [1 GBP / 123.00 JPY]

　　or [(0.01 JPY) / (123.00 JPY)] £ 1 x £ 1 = £ 0.0000813.

　　So, if you trade 10,000 units of GBP/JPY, each pip change is £0.813.

　　How to find the value of pip in the currency of your trading account

　　When calculating the pip price for a function, the last query it provides is “How much foreign currency is displayed in my Selling and Buying accounts？”

　　After all, this is a global market and not everyone is on the same Forex now. Therefore, the pip commission must be converted into the currency in which our account is traded. This is probably the most accurate estimate. Multiply or divide the “Setup Fee per Pip” by your foreign currency account and the conversion fee method for that foreign currency. If the “discovered value of pips” foreign exchange is similar to the bottom of the foreign exchange within the replacement fee estimate:

　　Using the GBP/JPY example above, let's convert a published GBP 813 pip price to a USD pip price with the option to use the 1.5590 GBP/USD conversion price ratio. If the foreign currency you want to convert is the relative currency of the conversion rate, you need to divide the “determined pip value” by the appropriate exchange rate factor.

　　£1/$1.5590 = £0.813 per pip

　　or $1.2674 x ($1.5590) per [(£0.813) / (£1)] step.

　　As a result, for every 1.0 pips shift in GBP/JPY, the value of 10,000 positions changes by approximately $1.27. If the currency you want to convert is the base currency of the exchange rate, multiply the “found pip value” by the exchange rate factor. Using the previous USD/CAD example, we want to calculate the pip value of $98 in New Zealand dollars. We use 7900 as the exchange rate factor.

　　Multiply by $0.98 per pip (1 NZD / $0.7900)

　　or [($0.98) / ($0.7900)] 1 NZD × 1 NZD = 1.2405 NZD in one step.

　　In the example above, the value of a 10,000 unit position changes by approximately NZ$1.24 per 0001 USD/CAD pips. Even if you're a math genius right now—at least when it comes to score values—you might close your eyes and think, “Do I really have to calculate all of this？”

　　The answer is an adamant NO. Almost all forex brokers do all this automatically, but it's always helpful to understand how they do it. If your broker doesn't, don't worry. Our pip value calculator can help! Aren't we fantastic？ We'll talk about how this seemingly small amount can be increased in the next lesson.

Abstract：Technology has changed almost every field in the last decade like WikiFX VPS, but it has brought a major change in capital markets, including increased participation from retail investors.
　　There are an estimated over 38 million internet users in South Africa, but still only around 200,000 online retail traders who invest in various markets namely Equity, Bonds, Commodities and derivatives markets.

　　More online brokerages are now operating in South Africa than ever before to serve the growing interest in the region. Most of these apps support mobile trading, and the ease at which retail trading can be carried out online from downloading the App, to registration and account funding, has made even the elderly pick interest and engage in trading.

WikiFX,
　　A change in the way business is done

　　Before the advent of technology, full-service brokerages charged exorbitant fees, and had very high capital requirements because of the monopoly they had in the market. Some even charged commissions as high as 5-10% fees on transactions.

　　Only a few wealthy people could afford to participate in the markets.

　　Today, with online brokers and automated trading, the human element has been reduced and many online brokers now charge less than 0.1% commission for a transaction. There are even some Zero fees investing brokerages, like Robinhood in the US.

　　First, traders today have easy access to information about the company whose stock they want to trade. Balance sheets, profit and loss statements, and cash flow statements can now be downloaded online for free.

　　The regulator of the capital market in South Africa, the Financial Sector Conduct Authority (FSCA) also has a lot of free information to guide traders on its website. Investor education and awareness is higher now than it has ever been in the past.

　　Stock exchanges now have their own websites and have also deployed their own mobile Apps on mobile phone App stores which provide a market snapshot, a regularly updated list of all listed companies, list of all market players etc.

　　Some stock exchange Apps even guide you with a graphical side by side comparison of the traded volume and traded price of listed companies from different sectors. This can help an investor or a trader to make an informed decision.wikifx

　　Not wanting to be outdone, online trading Apps now have free features such as demo trading for new traders, investor education, and market news. All of these were difficult to come by in the past as traders would have to pay for hardcopies of documents and wait days for courier to deliver them.

　　Second, today there is more transparency in the way brokerages carry out their business. This is because traders are now smart and have a lot of information at their disposal.

　　Traders can easily compare brokerage fees, spread and service. There are also websites that compare brokers using parameters such as commissions, regulation, minimum deposit etc. This has made traders sit up and conduct their affairs more professionally.

　　Third, technology has also helped market regulators to do a better job of overseeing the affairs of market participants. Regulators dont have to deal with loads of paperwork since they can just request soft copies from financial service providers (FSPs). Traders can also leave good or bad reviews on the online mobile App store about a brokers trading App so brokers are forced to keep improving their trading Apps, and embrace change.

　　Application programming interface (API) is a technology that enables different trading Apps to communicate with each other in harmony and is used by various platforms such as metatrader4 which is one of the most popular trading platforms. The API also allows trading App developers to link different plugins to an App such as charts, indicators etc. All of these would be impossible without technology.

　　Risk management is now also more convenient than it was before as stop loss orders are now automated. This reduces the possibility of human error as was the case when there was no technology to automate stop loss orders. Traders can now be confident that they wont lose all their capital.

　　Technology has encouraged Retail Trading

　　Before, online trading & retail investing was viewed by most individuals as a complex subject better left for the highly educated professional traders. Mostly the banks were involved in this.

　　However, with so many Apps developed and available in Google App stores, and catchy advertising campaigns to create awareness, there has been a general awareness.

　　Young South Africans are now choosing to trade themselves in the markets. Most of the trading apps are available for download at the click of a button. The Apps have been equipped with features like demo trading and educative materials to further school the eager users and this has helped create a generation of good and knowledgeable traders.

　　But participation by retail investors also comes with risks, which have been well documented by major regulators, including the FSCA. This includes scams, losses for retail investors, and other risks.

　　Many Online Traders have Lose money to Scams

　　Technology has made the internet available to a lot of South Africans, some of whom are not very tech savvy. Villagers from remote parts of South Africa dont realize how desperate scammers are and they still trust in the goodness of people and expect people to be honest.

　　The FSCA issues licenses to brokers and regulates capital market activities in South Africa.

　　However, some rogue brokers still operate without authorization from the FSCA and they are able to deploy their mobile apps to app stores thus deceiving many traders into thinking they must be authentic. Once the victims download the apps and credit their trading accounts, fake alerts and statements are sent to them and when they request for their cash they are met with excuses or even ignored totally.

　　Not every South African on the street may know that every broker should be licensed by the FSCA, so they just download Apps and start using them.

　　Social media aided investment scams have also fleeced South Africans of their money. Fake social media investment gurus on Facebook, Instagram etc. have tremendous followership, many of whom end up giving cash to these fake gurus who end up running away with their funds.

　　Forex Ponzi and pyramid schemes also thrive on social media on Facebook groups, WhatsApp groups etc.

　　The case of worldwide investments, who claimed to be a forex fund manager in South Africa is an example. They created a WhatsApp group, added members to the group, and asked them to give money to the fund manager to trade in forex. In the end, many investors lost their funds as they ended up being blocked from the WhatsApp group when they demanded back their money.

　　Gamification of Trading

　　These days trading App designers have oversimplified the Apps. It now looks as if trading is a binary activity involving yes or no choices.

　　Although a trading App has to be easy to use and have a friendly user interface, a more informative user interface should be created for trading in derivative products and other complex products.

　　The user interface should be built to highlight the volatility of the underlying asset complete with warning signs. Also, even when a trader clicks on “yes” to authorize a transaction concerning derivative products, an additional confirmation button should pop up such as “are you sure you want place this order”. This will remove the element of gamification and let the traders know they are not just gambling.

　　Excessive leverage has also been offered by some brokers to inexperienced online retail traders and for very volatile asset classes. Almost all the forex brokers in South Africa offer as high as 1:500 or higher leverage to traders, as there is no restriction on the leverage. This has caused many traders to trade on excessive leverage which backfired when the market moved against them and they ended up losing more than their initial investment.

　　Retail Trading is better off with technology

　　Without technology, many would not have had access to financial markets, and only a few would have benefitted.

　　Despite the disadvantages of technology in retail trading such as an increase in scams, tendency to gamble, and deployment of unregulated online trading Apps etc. we are still better off than what was obtainable before.

　　In the past, trading was so slow, there was a lot of human input and hence human error and there was no transparency hence a prevalence of insider abuse.

　　Today a market woman in Limpopo can have access to the stock market without the hassle of paying transport to the city to visit a broker. A person who is bedridden can still trade online from his mobile phone. Brokers can no longer charge exorbitant fees as there is now democratization in online trading and nobody can claim a monopoly.

　　None of this would have been possible without technology so the advantages definitely outweigh the disadvantages.

　　But there is still an active need for oversight & education, so as to reduce scams, and educate traders in the risks of instruments like derivatives.

　　Today anyone with a mobile phone and a laptop can trade from anywhere. Retail traders & investors need to be careful and patronize only FSCA licensed brokers, educate themselves via demo trading, read investor education articles such as this one, use leverage sparingly, and be security conscious when online.

Abstract：Markets.com, a comprehensively developed trading platform, has introduced its VIP services to traders as well as investors according to WikiFX. On Markets.com, the CFD Trading section provides users with complete control over expert analysis with world-class trading tools and empowering features.
　　Markets.com, a comprehensively developed trading platform, has introduced its VIP services to traders as well as investors. On Markets.com, the CFD Trading section provides users with complete control over expert analysis with world-class trading tools and empowering features.

　　CFDs are an important financial instrument and a popular method among investors in the Forex market. CFD trading is a form of derivative trading, priced based on the volatility of an underlying asset.

WikiFX,
　　 Research and Education

　　Markets.com is one of the trading platforms providing great research tools, including charting; recommendations, and a high-quality news flow.

　　They also provide trading ideas. These recommendations clearly state whether to buy or sell the asset in question and also include target prices. Users can also find stock recommendations from analysts. These are experts from top-tier banks such as JP Morgan, Goldman Sachs, Merrill Lynch, etc. We liked that they are ranked based on their past forecasting performance.wikifx

　　There's an Insider Traders Sentiment section where users can see how insiders - such as company management or other stakeholders, traded the stock in question.

　　In the Hedge Fund Sentiment section, users can see how leading fund managers have adjusted their positions over the previous quarter.

　　Charting

　　This broker has good charting tools, users can add up to 81 technical indicators.

　　 Newsfeed

　　Users can also find all the relevant news for each asset. It includes a color-coded score for each item, allowing users to see whether the news is positive, neutral, or negative.

　　 Markets.com pros and cons

　　To ensure a trustworthy, all-around portfolio; Markets.com ensures that the tradable products such as stocks, cryptocurrencies are from reliable developers, companies, and organizations.

Pros Cons
Easy and fast to open an account.
Have reputable licenses and experiences
Great tools for learning and research
Limited product portfolio
Platforms lack some common features
　　Understanding the interest of investors in this field, in this article, there are five main points that make CFD Trading at Markets.com outstanding.

　　 5 Things Users Need To Know About Markets.com

　　Regulation and Security

　　Markets.com is a global brand in the vast forex industry and is operated by Trade Tech Markets. The company is currently headquartered in Umhlanga South Africa.

　　In the international market, Markets.com has made a good impression on customers thanks to its quality and professionalism.

　　Being in business long enough has given Markets.com enough experience to offer the best terms to its clients as well as the know-how to respond to feedback quickly and appropriately.

　　When trading at Markets.com, users can be assured of the credibility and safety of the exchange. With the most qualified staff, suitable to professionally solve any arising problems that customers encounter as well as provide top consulting services when necessary.

　　Products

　　Markets.com offers Forex trading with hundreds of currency pairs to choose from, including major and minor. Currency pairs include AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, and USD/JPY.

　　Markets.com allows users to trade 7 different metals. There are also four energy products to trade, with energy leading the commodity market, or trade one of eight other commodities offered by Markets.com.

　　In addition, users can trade one of 38 stock indices in different regions, or cryptocurrencies including Bitcoin Cash, Bitcoin, Dash, Ethereum, Litecoin, and Ripple. Or trade one of five bond offerings or share CFDs from dozens of countries with thousands of options. Markets.com also supports ETF trading.

　　Trading platforms

　　Markets.com offers the ability to trade through Web Trader or mobile applications. Both are developed in-house. With Web Trader, users don't need to download anything and can access advanced research and trading tools and features. The global marketplace platform is available in English, Spanish, and Arabic.

　　The mobile app is available for both iOS and Android devices and is based on cutting-edge technology. The application is very user-friendly, allowing users to trade on the go with cutting-edge technology. Markets.com also supports trading with MetaTrader 5 (MT5). This would be ideal for those who want a familiar background with a wide range of tools.

　　The platform comes with a lot of benefits for users and includes

　　Excellent charting facilities for easy data analysis and review.

　　Provides an interactive user interface that is easy to use and quick to implement.

　　Offers advanced trading tools such as the previously recommended charting tools and risk management tools that provide stop-loss orders to prevent further losses. A real-time quote is also provided among these many tools.

　　Fees

　　Customers can top up by credit card, Envoy bank transfer, e-wallets like Neteller, Skrill, and WorldPay without any deposit fees. For deposit amounts higher than $2,500, fees will be refunded.

　　Investors who deposit by any method will withdraw using that method when trading at Markets.com.

　　 Why should users choose Markets.com？

　　In addition, one of the most important factors that play a decisive role in successful CFD trading is choosing a suitable, professional, transparent, and reputable trading platform. Therefore, it is very important to choose a broker that is legal, safe, and experienced.

　　And Markets.com is an exchange that meets all the requirements so that users can safely conduct their CFD transactions. With a variety of trading platforms, account types, capital levels, or investment forms, Markets.com will be the optimal choice for investors.

　　In addition, with the appearance of many active exchanges, in terms of professionalism and reputation, Markets.com is one of the options that investors can consider for transactions.

　　 Summary

　　Website: www.Markets.com

　　License: Cysec, ASIC, FSCA

　　Year of establishment: 2006

　　Head office: Sydney, Australia

　　Lever: 1: 300

　　Deposit: Neteller, PayPal, Skrill, Wire Transfer, MasterCard, Visa, Wire Transfer and Paygate

　　Withdrawals: Wire Transfer, Neteller, PayPal, Skrill, Wire Transfer, MasterCard, visa, Wire Transfer and Paygate

　　Products: Currencies, commodities, indices, stocks, bonds, cryptocurrencies, futures

　　Trading software: MT4, MT5, Webtrader

　　Trading desk type: NDD

　　Operating system compatibility: Desktop Platform (Windows), Desktop Platform (Mac), Web Platform

　　Mobile Trading: Android, iOS

　　In our experience, although Markets.com is a very new name in the CFD and FX financial investment market in Vietnam, they are making certain strides and targeting their customers to assert themselves. position positioning. Hopefully, in the future, the floor will release more promotional packages and attractive programs to attract more attention from the community.

Abstract：Forex trading entails attempting to forecast which currency will rise or fall in value in relation to another currency. When should you purchase or sell a currency pair? In the following cases, we will utilise fundamental analysis to determine whether to buy or sell a specific currency pair.
　　Forex trading entails attempting to forecast which currency will rise or fall in value in relation to another currency.

　　When should you purchase or sell a currency pair？

　　In the following cases, we will utilise fundamental analysis to determine whether to buy or sell a specific currency pair.

　　The supply and demand for a currency fluctuates owing to a variety of economic factors, causing currency exchange rates to rise and fall.

　　Each currency is associated with a certain country (or region). As a result, forex fundamental analysis focuses on the entire status of the country's economy, such as productivity, employment, manufacturing, international trade, and interest rates。

　　Get up!

　　Don't worry if you constantly fell asleep in economics class or simply skipped economics class!

　　In a subsequent session, we will go over fundamental analysis.

WikiFX,
　　But for the time being, pretend you know what's going on...

　　EUR/USD

　　The euro is the base currency in this case, and thus the “basis” for the buy/sell.

　　If you anticipate the US economy will continue to deteriorate, which is terrible for the US currency, you would place a BUY EUR/USD order.wikifx

　　By doing so, you have purchased euros with the assumption that they will appreciate in value relative to the US dollar.

　　If you believe that the US economy is robust and that the euro would fall in value versus the US dollar, you would place a SELL EUR/USD order.

　　You have sold euros with the anticipation that they will fall in value against the US dollar.

　　USD/JPY

　　The US dollar is the base currency in this case, and thus the “basis” for the buy/sell.

　　If you believe the Japanese government would lower the yen to benefit its export economy, you would place a BUY USD/JPY order.

　　You have purchased US dollars with the hope that they will appreciate in value against the Japanese yen.

　　If you believe that Japanese investors are withdrawing money from US financial markets and changing all of their US dollars back to yen, which will harm the US dollar, you would place a SELL USD/JPY order.

　　You have sold US dollars with the anticipation that they will fall in value versus the Japanese yen.

　　GBP/USD

　　The pound is the base currency in this example, and hence the “basis” for the buy/sell.

　　If you believe the British economy would continue to outperform the US economy in terms of economic growth, you would place a BUY GBP/USD order.

　　You have purchased pounds with the idea that they will appreciate in value against the US dollar.

　　If, like Chuck Norris, you believe the British economy is faltering but the American economy is strong, you would place a SELL GBP/USD order.

　　You sold pounds with the idea that they would fall in value versus the US dollar.

　　How to trade forex with USD/CHF

　　The US dollar is the base currency in this case, and thus the “basis” for the buy/sell.

　　If you believe the Swiss currency is overvalued, place a BUY USD/CHF order.

　　You have purchased US dollars on the expectation that they will appreciate against the Swiss franc.

　　If you believe that the weakening of the US housing market will harm future economic development, which will weaken the currency, you would place a SELL USD/CHF trade.

　　You have sold US dollars in the belief that they will devalue against the Swiss franc.

　　Trading in “Lots”

　　When you go to the supermarket to buy an egg, you can't just buy one; they come in dozens or “lots” of 12.

　　It would be equally dumb to purchase or sell 1 euro in forex, thus they normally come in “lots” of 1,000 units of currency (micro lot), 10,000 units (mini lot), or 100,000 units (standard lot), depending on your broker and account type (more on “lots” below).

　　Margin Trading

　　“But I don't have the funds to buy 10,000 euros!” “Am I still able to trade？”

　　You certainly can! By utilising leverage.

　　You wouldn't have to pay the 10,000 euros up front if you traded using leverage. Instead, you would make a tiny “deposit,” known as margin.

　　The ratio of transaction size (“position size”) to actual cash (“trading capital”) utilised for margin is referred to as leverage.

　　For example, 50:1 leverage, often known as a 2% margin requirement, means that $2,000 of margin is required to establish a $100,000 account.

　　Margin trading allows you to open significant positions with a fraction of the capital you'd ordinarily require.

　　This is how you can open positions for $1,250 or $50,000 with as little as $25 or $1,000.

　　With a minimal amount of starting capital, you can perform relatively big trades.

　　Allow us to clarify.

　　We'll go over margin in more detail later, but hopefully you've gotten a general concept of how it works.

　　Pay close attention since this is critical!

　　• You sense that marketplace symptoms and symptoms suggest that the British pound will upward push as opposed to the United States dollar.

　　• You open one ordinary lot (100,000 units GBP/USD), buying using the British pound and requiring a 2% margin.

　　• You sit back and wait for the exchange rate to rise.

　　• If you purchase one lot (100,000 gadgets) of GBP/USD at 1.50000, you're buying 100,000 pounds, that is worth $150,000 (100,000 gadgets of GBP * 1.50000).

　　• If the margin requirement changed into 2%, you will want to set apart US$3,000 on your account to open the trade ($150,000 * 2%).

　　•With just $3,000, you now have control of 100,000 pounds.

　　• Your forecasts come true, and you're making the choice to sell. You near the alternate at 1.50500. You make around $500.

Your Actions GBP USD
You buy 100,000 pounds at the exchange rate of 1.5000 +100,000 -150,000
You take a power nap for 20 minutes and the GBP/USD exchange rate rises to 1.5050 and you sell. -100,000 +150,500
You have earned a profit of $500. 0 +500
　　When you choose to shut a position, the preliminary deposit (“margin”) is lower back to you, and your profits or losses are calculated. This income or loss is then recorded on your account. Let`s move over the GBP/USD exchange instance again.

　　• The GBP/USD exchange rate increased by only half a penny! Not even a shilling. It was only half a penny!

　　• But you earned $500!

　　• While you're having a power snooze!

　　• How？ Because you weren't trading a single pound.

　　• If your position size was £1, you would have earned only half a penny.

　　• But...whilst you opened the transaction, your role length was £100,000 (or $150,000).

　　•What's cool is that you weren't required to put up the complete amount.

　　•The only thing needed to open the deal was $3,000 in margin.

　　• A $500 profit on a $3,000 investment equals a 16.67% return!

　　• In only twenty minutes!

　　• That is the strength of leveraged trading!

　　A tiny margin deposit might result in significant losses as well as gains.

　　It also means that a very modest change might result in a proportionately much larger shift in the extent of any loss or profit, which can work both for and against you.

　　You might have easily LOST $500 in the same twenty minutes.

WikiFX,
　　You wouldn't have awoken from a dream. You would have awoken in a nightmare!

　　High leverage sounds fantastic, but it can be lethal.

　　For example, suppose you start a forex trading account with a $1,000 deposit. Because your broker provides 100:1 leverage, you open a $100,000 EUR/USD position.

　　A 100-pip move will bring your account to $0! A 100-pip move is the same as €1! You blew your account with an one euro price change. Congrats.

　　When trading on margin, it‘s important to be aware that your risk is based on the full value of your position size. You can quickly blow your account if you don’t understand how margin works. We want you to AVOID this. Due to this danger, we dedicate an entire section on how margin trading works, called Margin Trading 101.

　　Rollover

　　There is a daily “rollover fee,” every now and then referred to as a “switch fee,” for positions open at your broking`s “cut-off time” (generally 5:00 pm ET), that a dealer both will pay or earns, relying at the positions you've got open. If you do now no longer want to earn or pay hobby for your holdings, absolutely make sure that they're all closed earlier than 5:00 p.m. ET, the marketplace day's set finish. Interest rollover expenses are a detail of foreign exchange buying and selling due to the fact each forex deal consists of borrowing one forex to shop for another. The borrowed forex is concern to hobby payments. On the only this is purchased, hobby is EARNED. If you purchase a forex with a better hobby fee than the only you borrow, the internet hobby fee differential might be positive (i.e. USD/JPY) and you may earn income. If the hobby fee disparity is negative, you'll should pay.

　　For more information on how a rollover works, check out our Forexpedia page on rollover.

　　It must be cited that many retail foreign exchange agents range their rollover prices primarily based totally on quite a few criteria (e.g., account leverage, interbank lending prices).

　　Please touch your broking for information on their unique rollover prices and crediting/debiting procedures. Here's a desk to help you discover the main currencies'

　　Benchmark Interest Rates

COUNTRY CURRENCY INTEREST RATE
United States USD < 0.25%
Eurozone EUR 0.00%
United Kingdom GBP 0.10%
Japan JPY -0.10%
Canada CAD 0.25%
Australia AUD 0.25%
New Zealand NZD 0.25%
Switzerland CHF -0.75%
　　Later on, we'll teach you how to take advantage of interest rate differentials.

Abstract：Be wary of promises that forex trading will help you get rich quick – there’s a lot more to it than you might realise by WikiFX
　　Forex trading is setting social media ablaze, with many lured in by its promises of making big money with minimal effort, particularly as a lucrative side hustle. So, whats the deal behind all the hype？ Is it simply a get-rich-quick scheme or is it really possible to start earning megabucks？

　　Arthur Procopos, Strategic Business Architect at Metropolitan GetUp, believes that it is important to understand what forex trading is, while what it is not.

WikiFX,
　　What is forex trading？

　　The foreign exchange (forex) market is a global marketplace where foreign currencies are traded, and it is the largest and most liquid market in the world. It is certainly not a scam in itself, but it is becoming increasingly occupied by scammers, for several reasons.

　　Forex trading is conducted in currency ‘pairs’ (i.e. USD/ZAR), and these currencies increase and decrease in value relative to each other every day. The act of trading involves selling one currency and buying the other, just as with any other stock, says Procopos.

　　“As an example, lets say the exchange rate between the British Pound and the Rand is 1 to 20 (1:20) at a point in time. If you bought GBP1000 on the forex market at that moment, you would pay ZAR20000. If the exchange rate later fluctuated to 1:21, you would be able to sell GBP1000 for ZAR21000, meaning that you made a profit of R1000.”

　　Seems simple, doesnt it？ Not so, says Procopos. “Bear in mind that trading is conducted online, which means that all transactions occur through computer networks, between one trader and another, rather than via a centralised exchange. Given its decentralised nature, forex trading is an easy way for unethical online traders to take the money of unsuspecting individuals, because it has low entry requirements, explains Procopos. ”This means that you can start trading with very little money, and so it is easy for these traders to show some evidence that they are actively trading.

　　Another reason that forex trading is susceptible to scammers is the matter of ‘leverage’. What is leverage？ One law site explains: “This is basically a loan by the broker to the trader allowing the trader to trade at a margin. A typical margin ratio will be around 50:1, 100:1 or 200:1 depending on the amount of currency being traded. At 100:1 the trader only needs to put up £1000 to cover a £100,000 trade. The reason brokers provide such high leverage is because currency fluctuations in the forex market are not usually more than 1% during any trading. However, even with small fluctuations, high leverage attracts inexperienced traders who may think the Forex market is a get rich quick market.”

　　Leverage can be a double-edged sword. Its up to you as an individual to decide how you want to engage it, depending on your appetite for risk.wikifx

　　How to spot a forex scam

　　While it's possible to make money in forex, its important to be able to identify a scam, says Procopos. He cites a couple of red flags that you need to be on the lookout for:

　　The trader or broker approaches you first. It is illegal for them to approach you – you need to reach out to them, which indicates an interest to trade, and consent to being contacted

　　The independent trader or brokerage is based off-shore and cannot provide you with their FSP license (or you cant find the FSP license on their website)

　　You cannot seem to track down a human being at the brokerage

　　They request large amounts of money from you, and cannot seem to provide any live trading data

　　They make claims of outrageous returns or advertise unreasonably high win rates

　　As a benchmark, Procopos says that if up to 60% of your trades are profitable, you are considered to be successful. Be wary of those who promise significantly higher returns than this.

　　How to make forex trading work for you

　　While legitimate opportunities exist and trading can make you money, it takes a great deal of time and effort if you want to do it yourself. There are professional registered platforms and qualified, experienced brokers who will be able to assist you, says Procopos.

　　“Without experience, the reality is that most of your trades will be losses. You can lose more money than you had to begin with,” he adds.

　　For those interested in trading, Procopos says there are several things to keep in mind:

　　Engage an expert: Legislation passed recently made it mandatory for derivative brokers to obtain licences to trade forex, and potential clients are advised to look for traders that hold over-the-counter derivatives products (ODP) licence.

　　It is easy to conduct due diligence to ensure that you are dealing with a professional, registered trader or trading company – just ask them for their name, FSP and ODP license number or FAIS registration.

　　Secondly, and as a South African, it is advisable to trade only on a forex platform that is rooted in the country and has Financial Sector Conduct Authority (FSCA) ODP approval.

　　He concludes that if something looks too good to be true, it generally is. “The danger is that many people are using their pension or savings to trade, seeing this as an easy way out and losing their money in the process. Make sure you know all the facts before you lose money, in the hopes of gaining more.”

Abstract：The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
107007054-1643241642575-fed.jpg
　　The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

　　The Fed manages inflation, regulates the national banking system, stabilizes financial markets, protects consumers, and more. In its effort to address the current inflation crisis or situations, The Board announced plans to raise interest rates a quarter-point in the first hike since 2018. New York Times Dealbook editor Stephen Gandel and Kroll Institute global chief economist Megan Greene join CBS News' Lana Zak and Enrique Acevedo with their insights on the breaking news.wikifx

　　It is obvious to observe that High inflation isnt going away. In fact, prices are going up at their fastest rate. Controlling inflation is one of the main tasks of the Federal Reserve. The February CPI inflation data serves as yet another reminder that the Fed has more than enough reasons to start raising interest rates and tightening monetary policy

　　“I think the Fed will raise rates three to four times this year,” said Larry Adam, chief investment officer at Raymond James. “By the end of the year, inflation growth could be on a clear downward path and so the five-to-seven hikes that people are talking about wouldnt be needed

Abstract：Every Friday Tickmill will be running their Ramadan Raffle where you’ll be in with a chance of winning up to $2,000!
　　Every Friday Tickmill will be running their Ramadan Raffle where youll be in with a chance of winning up to $2,000!

WikiFX,
　　Tickmill are excited to announce that theyre going to be running a raffle for the entire month of Ramadan. Tickmill are going to be holding a total of 4 raffles. For the first three raffles, entrants will have a chance of winning up to $300, and in the finale raffle, up to a whopping $2,000!

　　Tickmill will be holding the raffle LIVE on social media every Friday at 16:00 CY and youll be eligible to win a prize at each raffle each week!wikifx

　　How to Participate

　　STEP 1 Open an account

　　Clients will be eligible if you have at least $100 in the account and have opened at least 3 positions in the last 30 days.

　　STEP 2 Log in

　　Simply check Tickmill's social media every Friday at 16:00 CY time to see if youre a winner!

　　The Prizes for Raffles 1,2 and 3

　　1st Place $300

　　2nd Place $200

　　3rd Place $100

　　4th and 5th Places $50 Each

　　Grand Finale Raffle Prizes

　　1st Place $2000

　　2nd Place $1000

　　3rd Place $500

　　4th Place $250

　　5th and 6th Places $100 Each

　　7th to 10th Places $50 Each

　　If you have already an account, simply keep an eye on the Social Media!

Abstract：Start Forex trading with 75% Ramadan Deposit Bonus powered by Exness mt4 – Register a mini trading account and get Bonus on all deposit Up to 75% during the promotional period.
　　Start Forex trading with 75% Ramadan Deposit Bonus powered by Exness – Register a mini trading account and get Bonus on all deposit Up to 75% during the promotional period. This is a special Forex bonus offer to honor the Holly month of Ramadan, receive the bonus on each deposit, make your holly month joyous and profitable!wikifx

WikiFX,
　　Forex Deposit Bonus program up to 70%

　　Deposit Bonus

　　Ending Date: Limited-time promotion.

　　Offer is Applicable: All new clients

　　How to Apply:

　　Register a new account

　　Make a deposit

　　Terms & Conditions – Exness Ramadan Forex Deposit Bonus

　　Account needs to verify in order to get a bonus.

　　This Bonus cannot be added to any other account type.

　　Bonus Funds received under this promotion are not available for withdrawal.

　　Trading volume, millions of USD / Net Deposit, thousands of USD Bonus %

　　Up to 1: 10

　　1— 2: 15

　　2— 5: 25

　　5— 8: 35

　　8— 10: 45

　　10— 15: 55

　　15 or more: 75

Abstract：The MFM Securities Malaysia Do-It Ramadan Contest will take place from March 28th to April 4th, 2022. The month of Ramadhan has arrived, and it is time to contribute more. Take part in MFM Securities Do-It-Yourself Ramadan Contest for a chance to win cash!
　　MFM Securities has Announced a trading contest for welcoming Ramadan. In this Contest, you can Earn Up to 1200 USD by being the top participant. The 2nd and 3rd position holders will receive 800 USD and 500 USD, 200 USD for the 4th and 5th position holders, 6th and 7th will get 150 USD, and lastly, 7th, 8th, and 9th position holders will receive 100 USD Respectively.wikifx

　　$500 to $5000 No Deposit Bonus

　　100% Free Forex Deposit Bonus

WikiFX,
　　How to Achieve the offer:

　　Register An Account

　　Deposit 100 USD

　　Star trading

　　Get Bonus

　　Contest eligible for: New and Existing clients.

　　Contest Period:

　　REGISTRATION : 28th March 2022 - 15th April 2022.

　　TRADING: 4th April 2022 - 15th April 2022.

　　What is the best way to get involved？

　　Participate by registering and depositing USD100 on an MT4 DO-IT RAMADAN account between March 28th and April 15th, 2022.

　　Trade from 00:00 (GMT+3) on the 4th of April 2022 to 23:59 (GMT+3) on the 15th of April 2022.

　　Cash prizes and an exclusive Raya Envelope are up for grabs.

　　MFM Securities presents Ramadan Live contest with cash prize fund of $4000 USD. Register a live trading account if you are a new client and fund at least $100 USD to participate in the contest. The prize fund is distibuted among the 10 participants while $50 For a participant with Daily Highest Lot Traded.

　　Forex DO-IT Ramadan Contest

　　How to Apply & Win:

　　Register and verify the account in MFM Securities

　　Participant in the Ramadan Contest

　　Get the highest Profits

　　Prizes:

　　1st Prize – $1,200 USD

　　2nd Prize – $800 USD

　　3rd Prize – $500 USD

　　4th to 6th Prize – $200 USD, each

　　6th to 7th Prize – $150

　　7th to 10th Prize – $100 USD, each

　　$50 For Daily Highest Lot Traded

　　Withdrawal:

　　Yes

Abstract：The MFM Securities Malaysia Do-It Ramadan Contest will take place from March 28th to April 4th, 2022. The month of Ramadhan has arrived, and it is time to contribute more. Take part in MFM Securities Do-It-Yourself Ramadan Contest for a chance to win cash!
　　MFM Securities has Announced a trading contest for welcoming Ramadan. In this Contest, you can Earn Up to 1200 USD by being the top participant. The 2nd and 3rd position holders will receive 800 USD and 500 USD, 200 USD for the 4th and 5th position holders, 6th and 7th will get 150 USD, and lastly, 7th, 8th, and 9th position holders will receive 100 USD Respectively.wikifx

　　$500 to $5000 No Deposit Bonus

　　100% Free Forex Deposit Bonus

WikiFX,
　　How to Achieve the offer:

　　Register An Account

　　Deposit 100 USD

　　Star trading

　　Get Bonus

　　Contest eligible for: New and Existing clients.

　　Contest Period:

　　REGISTRATION : 28th March 2022 - 15th April 2022.

　　TRADING: 4th April 2022 - 15th April 2022.

　　What is the best way to get involved？

　　Participate by registering and depositing USD100 on an MT4 DO-IT RAMADAN account between March 28th and April 15th, 2022.

　　Trade from 00:00 (GMT+3) on the 4th of April 2022 to 23:59 (GMT+3) on the 15th of April 2022.

　　Cash prizes and an exclusive Raya Envelope are up for grabs.

　　MFM Securities presents Ramadan Live contest with cash prize fund of $4000 USD. Register a live trading account if you are a new client and fund at least $100 USD to participate in the contest. The prize fund is distibuted among the 10 participants while $50 For a participant with Daily Highest Lot Traded.

　　Forex DO-IT Ramadan Contest

　　How to Apply & Win:

　　Register and verify the account in MFM Securities

　　Participant in the Ramadan Contest

　　Get the highest Profits

　　Prizes:

　　1st Prize – $1,200 USD

　　2nd Prize – $800 USD

　　3rd Prize – $500 USD

　　4th to 6th Prize – $200 USD, each

　　6th to 7th Prize – $150

　　7th to 10th Prize – $100 USD, each

　　$50 For Daily Highest Lot Traded

　　Withdrawal:

　　Yes

Abstract：Ramadan Giveaway program is exclusively presented to the live traders of the company. The participants require to fund their trading account with the recommended amount of funds and execute the no. of lots traded to enlist for each prize money category. The prize fund is withdrawable without any further terms and conditions.wikifx
　　Ramadan Giveaway program is exclusively presented to the live traders of Tifia. The participants require to fund their trading account with the recommended amount of funds and execute the no. of lots traded to enlist for each prize money category. The prize fund is withdrawable without any further terms and conditions.

WikiFX,
　　Ramadan Giveaway Campaign, Exclusive Trading Prizes

　　Fund and traded as below:

　　Fund $100 – USD 499 and trade 1 lot to enlist in the 30$ USD prize fund draw.

　　Fund $500 – USD 999 and trade 5 lots to enlist in the $300 USD prize fund draw.

　　Fund $1,000 – USD 1499 and trade 10 lots to enlist in the $600 USD PRIZE fund draw.

　　Fund $1500 – USD $2499 and trade 15 lots to enlist in the $800 USD PRIZE fund draw.

　　Fund USD 2500 or more and trade 25 lots to enlist in the $1400 USD PRIZE fund draw.

　　Prizes:

　　$1,400 real money paid – Tifia trading account

　　$800 real money paid – Tifia trading account

　　$600 real money paid – Tifia trading account

　　$300 real money paid – Tifia trading account

　　$30 real money paid – Tifia trading account

Abstract：HotForex Ramadan promotion 2022 for traders to benefit from the campaign while participating in the charity program. HotForex login, trade and enter the draw depending on the no. of lots. Win one of those hi-tech gadgets including oculus quest 2, ps5, and dji fpv drone from the drawing campaign.wikifx
　　HotForex Ramadan promotion 2022 for traders to benefit from the campaign while participating in the charity program. Trade and enter the draw depending on the no. of lots. Win one of those hi-tech gadgets including oculus quest 2, ps5, and dji fpv drone from the drawing campaign.

WikiFX,
　　Ramadan Kareem 2022 Draw Prizes

　　How to Participate:

　　Login/Register to my HotForex

　　Join in the Ramadan 2022 Promotion

　　The winners will be selected randomly through a Draw

　　Schedule

　　End – May 02, 2022

　　To Win: The winners selects randomly through a draw among all participants

　　Draw Prize

　　Trade 1 lot to enter the draw for an oculus quest 2

　　Trade 5 lots to enter the draw for a ps5

　　Trade 10 lots to enter the draw for a dji fpv drone

Abstract：WikiFX is the only that helps traders with full details and information of over 33,000 brokers for free. WikiFX also helps forex traders who have been scammed by brokers. With WikiFX there will be chance to get your money back if you have your full transaction evidence.
　　WikiFX is the only that helps traders with full details and information of over 33,000 brokers for free.


　　Hi our valuable clients, we want to inform you that there's a latest educational update on WikiFX website, and it will soon be implemented and provided on the application for easy use.

　　WikiFX also helps forex traders who have been scammed by brokers. With WikiFX there will be chance to get your money back if you have your full transaction evidence.

　　WikiFX has provided well developed educational section in which users can learn how to trade forex free of charge and you can get a trading analysis for free and other trading services.wikifx

　　With this new educational update, users can learn everything about forex trading marketing. All what you need to do is to follow WikiFX any time we update it.

　　How can I start learning forex trading in WikiFX？

　　It's very simple and everyone can learn forex trading marketing in WikiFX website.

　　Steps to start learning forex in WikiFX:

　　Step 1 : You need to enter the WikiFX website on your browser, https://www.wikifx.com/en/.

　　Step 2 : You will see a menu, the homepage of WikiFX on top. There are 6 options, Home, Brokers, Vps, Forums, Exposures, News and other function.

　　Step 3 : Click on the News, and then you will see like 6 options, Latest, Original, Industry, Brokers, Forex Encyclopedia and Education. Click on the last one which is the Education and you will find many write ups and update about forex you can scroll down to start reading from the beginning.

　　So those are the simplest step to find how you can learn forex trading in WikiFX.

　　And for those are using phones, you can check your browser option and change it to desktop view so that you can start learning with your phone before WikiFX provides the educational section in the application.

　　With those steps if you follow them carefully, you will totally learn some tips and strategies on how you can trade forex without paying single Naira.

　　Try to use WikiFX website and application for your protection and trading guides

Abstract：Forex trading is the simultaneous buying of one currency and selling another. Currencies are traded through a “forex broker” or “CFD provider” and are traded in pairs. Currencies are quoted in relation to another currency.
　　Forex trading is the simultaneous buying of one currency and selling another.

　　Currencies are traded through a “forex broker” or “CFD provider” and are traded in pairs. Currencies are quoted in relation to another currency.

　　For example, the euro and the U.S. dollar (EUR/USD) or the British pound and the Japanese yen (GBP/JPY).

　　When you trade in the forex market, you buy or sell in currency pairs.

WikiFX,
　　Imagine each currency pair constantly in a “tug of war” with each currency on its own side of the rope.

　　An exchange rate is the relative price of two currencies from two different countries.

　　Exchange rates fluctuate based on which currency is stronger at the moment.

　　There are three categories of currency pairs:

　　00001. The “majors”

　　00002. The “crosses”

　　00003. The “exotics”

　　The major currency pairs always include the U.S. dollar.

　　Cross-currency pairs do NOT include the U.S. dollar. Crosses that involve any of the major currencies are also known as “ minors”.

　　Exotic currency pairs consist of one major currency and one currency from an emerging market (EM).

　　Major Currency Pairs

WikiFX,
　　The currency pairs listed below are considered the “majors.”

　　These pairs all contain the U.S. dollar (USD) on one side and are the most frequently traded.

　　While there are EIGHT major currencies, there are only SEVEN major currency pairs.

　　Compared to the crosses and exotics, price moves more frequently with the majors, which provides more trading opportunities.

CURRENCY PAIR COUNTRIES FX GEEK SPEAK
EUR/USD Eurozone / United States “euro dollar”
USD/JPY United States / Japan “dollar yen”
GBP/USD United Kingdom / United States “pound dollar”
USD/CHF United States/ Switzerland “dollar swissy”
USD/CAD United States / Canada “dollar loonie”
AUD/USD Australia / United States “aussie dollar”
NZD/USD New Zealand / United States “kiwi dollar”
　　The majors are the most liquid in the world.

　　Liquidity is used to describe the level of activity in the financial market.

　　In forex, its based on the number of active traders buying and selling a specific currency pair and the volume being traded.

　　The more frequently traded something is the higher its liquidity.

　　For example, more people trade the EUR/USD currency pair and at higher volumes than the AUD/USD currency pair.

　　This means that EUR/USD is more liquid than AUD/USD.

　　Major Cross-Currency Pairs or Minor Currency Pairs

　　Currency pairs that incluide any two of the major currencieare except the U.S. dollar are known as cross-currency pairs or simply as the “crosses.”

　　Major crosses are also known as “minors.”

　　While not as frequently traded as the majors, the crosses are still pretty liquid and still provide plenty of trading opportunities.

　　Don't confuse minor currency pairs with the seven major currency pairs, all of which include the U. S. dollar against one of the six other most liquid urrencies in the world.[url]wikifx[/url]

　　The most actively traded crosses are derived from the three major non-USD currencies: EUR, JPY, and GBP.

　　Euro Crosses

CURRENCY PAIR COUNTRIES FX GEEK SPEAK
EUR/CHF Eurozone / Switzerland “euro swissy”
EUR/GBP Eurozone / United Kingdom “euro pound”
EUR/CAD Eurozone / Canada “euro loonie”
EUR/AUD Eurozone / Australia “euro aussie”
EUR/NZD Eurozone / New Zealand “euro kiwi”
EUR/SEK Eurozone / Sweden “euro stockie”
EUR/NOK Eurozone / Norway “euro nockie”
　　

　　Yen Crosses

CURRENCY PAIR COUNTRIES FX GEEK SPEAK
EUR/JPY Eurozone / Japan “euro yen” or “yuppy”
GBP/JPY United Kingdom / Japan “pound yen” or “guppy”
CHF/JPY Switzerland / Japan “swissy yen”
CAD/JPY Canada / Japan “loonie yen”
AUD/JPY Australia / Japan “aussie yen”
NZD/JPY New Zealand / Japan “kiwi yen”
　　

　　Pound Crosses

PAIR COUNTRIES FX GEEK SPEAK
GBP/CHF United Kingdom / Switzerland “pound swissy”
GBP/AUD United Kingdom / Australia “pound aussie”
GBP/CAD United Kingdom / Canada “pound loonie”
GBP/NZD United Kingdom / New Zealand “pound kiwi”
　　

　　Other Crosses

PAIR COUNTRIES FX GEEK SPEAK
AUD/CHF Australia / Switzerland “aussie swissy”
AUD/CAD Australia / Canada “aussie loonie”
AUD/NZD Australia / New Zealand “aussie kiwi”
CAD/CHF Canada / Switzerland “loonie swissy”
NZD/CHF New Zealand / Switzerland “kiwi swissy”
NZD/CAD New Zealand / Canada “kiwi loonie”
　　

　　Exotic Currency Pairs

WikiFX,
　　No, exotic pairs are not exotic belly dancers who happen to be twins.

　　An exotic currecy is a currency from countries with developing or emerging markets.

　　Exotic currency pairs are made up of one major currency paired with the currency of an emerging economy, such as Brazil, Mexico, Chile, Turkey, or Hungary.

　　Basically, an exotic currency pair includes one major currency alongside an exotic currency.

　　The chart below contains a few examples of exotic currency pairs.

　　Wanna take a shot at guessing what those other currency symbols stand for？

　　Depending on your forex broker, you may see the following exotic currency pairs so its good to know what they are.

　　Keep in mind that these pairs arent as heavily traded as the “majors” or “crosses,” so the transaction costs associated with trading these pairs are usually bigger.

CURRENCY PAIR COUNTRIES FX GEEK SPEAK
USD/BRL United States / Brazil “dollar real”
USD/HKD United States / Hong Kong
USD/SAR United States / Saudi Arabia “dollar riyal”
USD/SGD United States / Singapore “dollar sing”
USD/ZAR United States / South Africa “dollar rand”
USD/THB United States / Thailand “dollar baht”
USD/MXN United States / Mexico “dollar mex”
USD/RUB United States / Russia “dollar ruble” or “Barney”
USD/PLN United States / Poland “dollar zloty”
USD/CLP United States/ Chile
　　Its not unusual to see spreads that are two or three times bigger than that of EUR/USD or USD/JPY.

　　Due to the overall lower degree of liquidity, exotic currency pairs tend to be far more sensitive to economic and geopolitical events.

　　For example, a political scandal or unexpected election results can cause an exotic pairs exchange rate to swing violently.

　　So if you want to trade exotics currency pairs, remember to factor this in your decision.

　　For those of y‘all who are really mesmerized by exotics, here’s a more comprehensive list.

CURRENCY CODE COUNTRY CURRENCY CODE COUNTRY
AED UAE Dirham ARS Argentinean Peso
AFN Afghanistan Afghani GEL Georgian Lari
MYR Malaysian Ringgit AMD Armenian Dram
GYD Guyanese Dollar MZN Mozambique new Metical
AWG Aruban Florin IDR Indonesian Rupiah
OMR Omani Rial AZN Azerbaijan New Manat
IQD Iraqi Dinar QAR Qatari Rial
BHD Bahraini Dinar IRR Iranian Rial
SLL Sierra Leone Leone BWP Botswana Pula
JOD Jordanian Dinar TJS Tajikistani Somoni
BYR Belarusian Ruble KGS Kyrgyzstani Som
TMT Turkmenistan new Manat CDF Congolese Franc
LBP Lebanese Pound TZS Tanzanian Schilling
DZD Algerian Dinar LRD Liberian Dollar
UZS Uzbekistan Som EGP Egyptian Pound
MAD Moroccan Dirham WST Samoan Tala
EEK Estonian Kroon MNT Mongolian Tugrik
MWK Malawi Kwacha ETB Ethiopian Birr
THB Thai Baht TRY New Turkish Lira
ZAR South African Rand ZWD Zimbabwe Dollar
BRL Brazilian Real CLP Chilean Peso
CNY Chinese Yuan Renminbi CZK Czech Koruna
HKD Hong Kong Dollar HUF Hungarian Forint
ILS Israeli Shekel INR Indian Rupee
ISK Icelandic Krona KRW South Korean Won
KWD Kuwaiti Dinar MXN Mexican Peso
PHP Philippine Peso PKR Pakistani Rupee
PLN Polish Zloty RUB Russian Ruble
SAR Saudi Arabian Riyal SGD Singaporean Dollar
TWD Taiwanese Dollar
　　DID YOU KNOW？ There are 180 legal currencies in the world, as recognized by the United Nations. Thats a lot of potential currency pairs! Unfortunately, not all of them are readable. Forex brokers tend to offer traders up to 70 currency pairs.

　　Aside from the three main categories of currency pairs, there are other “groups” of currencies that are thrown around in the FX world which you should be aware of.

　　G10 Currencies

　　The G10 currencies are ten of the most heavily traded currencies in the world, which are also ten of the worlds most liquid currencies.

　　Traders regularly buy and sell them in an open market with minimal impact on their own international exchange rates.

COUNTRY CURRENCY NAME CURRENCY CODE
United States dollar USD
European Union euro EUR
United Kingdom pound GBP
Japan yen JPY
Australia dollar AUD
New Zealand dollar NZD
Canada dollar CAD
Switzerland franc CHF
Norway krone NOK
Sweden krona SEK
Denmark krone DKK
　　

　　The Scandies

　　Scandinavia is a subregion in Northern Europe, with strong historical, cultural, and linguistic ties.

　　The term “Scandinavia” in local usage covers the three kingdoms of Denmark, Norway, and Sweden.

　　Together, their currencies are known as the “Scandies”.

　　Back in the day, Denmark and Sweden established the Scandinavian Monetary Union to merge their currencies to a gold standard. Norway joined later.

　　This meant that these countries now had one currency, with the same monetary value, with the exception that each of these countries minted their own coins.

　　But then World War I happened, and the gold standard was abandoned and the Scandinavian Monetary Union disbanded. These countries decided to keep the currency, even if the values were separate from one another. And this remains the state of things.

　　If you notice their currency names, they all look similar. Thats because the word “krone or krona” literally means “crown”, and the differences in spelling of the name represent the differences between the North Germanic languages.

　　Crown currencies. What a cool name huh？

　　I dont know about you, but saying “Hook me up with some crowns yo.” sounds way cooler than “Hook me up with some dollahs yo.”

COUNTRY CURRENCY NAME CURRENCY CODE
Denmark krone DKK
Sweden krona SEK
Norway krone NOK
　　SEK and NOK also have cool nicknames, “Stockie” and “Nokie”.

　　So when paired with the U.S. dollar, USD/SEK is read “dollar stockie” and USD/NOK is read “dollar nockie”.

　　CEE Currencies

　　“CEE” stands for Central and Eastern Europe.

　　Central and Eastern Europe is a term encompassing the countries in Central Europe, the Baltics, Eastern Europe, and Southeast Europe (the Balkans), usually meaning former communist states from the Eastern Bloc (Warsaw Pact) in Europe.

　　Central and Eastern European Countries (CEECs) is an OECD term for the group of countries comprising Albania, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, the Slovak Republic, Slovenia, and the three Baltic States: Estonia, Latvia, and Lithuania.

　　Regarding the FX market, there are four main CEE currencies to be aware of.

COUNTRY CURRENCY NAME CURRENCY CODE
Hungary forint HUF
Czech Republic koruna CZK
Poland zloty PLN
Romania leu RON
　　

　　BRIICS

　　BRIICS is the acronym coined for the association of six major emerging national economies: Brazil, Russia, India, Indonesia, China, and South Africa.wikifx

　　Originally the first four were grouped as “BRIC” (or “the BRICs”). BRICs was a term created by Goldman Sachs to name todays new high-growth emerging economies.

　　BRIICS is the term created by the OECD, when it added Indonesia and South Africa.

COUNTRY CURRENCY NAME CURRENCY CODE
Brazil real BRL
Russia ruble RUB
India rupee INR
Indonesia rupiah IDR
China yuan CNY
South Africa rand ZAR
　　

　　Summary

　　Whew! That was a lot of information on currencies but you just raised your FX IQ points!

　　Let‘s summarize what you’ve learned in a series of questions:

　　What is a currency pair in forex？

　　A currency pair is a pairing of currencies where the value of one is relative to the other. For example, GBP/USD is the value of the British pound relative to the U.S. dollar.

　　What are the major currency pairs？

　　Major currency pairs (“majors”) are those that include the U.S. dollar and the most frequently traded. There are seven of them: EUR/USD, USD/JPY, GBP/USD, USD/CAD, USD/CHF, AUD/USD, and NZD/USD.

　　What are the currency crosses？

　　Currency crosses (“crosses”) are the more frequently traded currencies that do NOT include the U.S. dollar in their pairing. Crosses include EUR/GBP, EUR/CAD, GBP/JPY, EUR/CHF, EUR/JPY, etc.

　　How many currency pairs exist？

　　There are HUNDREDS of currency pairs in existence but not all can be traded in the FX market. The United Nations currently recognizes 180 currencies. If you were to pair each currency up with another, its a lot