on the deriv platform they have a system that allows traders to exchange money (essentially moving funds from one to another account)
which is a pretty great idea!
(but I do have some doubts about the legal workings, as this walks a very thin path among the laundry path.)
well the benefit is clear, if you have issues getting transfers to work, other traders can “help you out”
it’s just like trading Forex, you decide the “exchange rate” when making your Bid or Ask, which will in terms define your fee/spread.
place the Ad of you buy or sell and wait for someone to pick it up.
pretty straightforward. so let’s try it.
i placed a Buy Ad, but there was already someone Selling, so i went to that one.
placed my offer, made the transfer, and now it’s waiting time…
20 minutes later, everything is complete, funds made it to my Account.
that’s a neat service!
my Trading performance isn’t that good currently, lot’s of time there are some hickups
well, the Rate Hikes do have an advantage as this will cause some movement of money on a global scale, and guess what, that’s a good thing as markets will become a lot more liquid.
but in the aftermath of Covid-19 and a War may be around the corner, things are uncertain and we start to see massive movements even intraday.
This adds another level of complexity, so it’s time to adjust, take smaller pieces instead of waiting for the big moves!
since we do trade mostly Forex, a zero-sum market in general, ranges should be all we trade anyway.
here is a screenshot of the current 30-day stats, (back in November this was at 14%! .. let’s see if we do get back up in this territory.
this is just a quick example (before/after) to spot Divergences and trade them.
the idea was to Sell xx/JPY (Buy Japanese Yen)
this does show when momentum is lost, or the difference between the currencies itself is level-out.
does not mean the move is over, but the initial momentum can be considered gone, a good place for a partial exit or complete exit on a nearby structure, if other like (USD/GPB lign up in the meanwhile this could be a sign of continuation, or a pullback to happen that would allow a scale in
A few simple & easy steps to ensure never to fail a trading challenge or live trading.
this works for almost all Proprietary Trading Firms, the content below is based on EnFoid Proprietary Trading (more…)
As you may already be aware of, Kawase is being rebranded to Fondex. You can keep your Kawase account up to the 31st December 2018. Upon that date, you will be able to start trading with Fondex.
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So do you have an account with Kawase and want to move to Fondex? Then follow the simple steps below :
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Announcement from Spotware:
We would like to inform you that cTrader Mobile Beta has been updated to version 3.1 and is available now to download on Google Play and App Store. The new version provides traders with more functionality for charting and order creation. (more…)Full Article