Author Archives: Olarewaju Dolapo

XM.com as a Broker, Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service. Trading Point of Financial Instruments Pty Ltd was established in 2015 and is regulated by the Australian Securities and Investments Commission (ASIC 443670). XM offers trading in currencies, CFDs on stocks, commodities, precious metals, energies, as well as equity indices & these can be traded on their MT4 & MT5 trading platforms.

　　Apart from the brokerage offers, XM also offers some donation to help execute other services that will enable them obtain recognition. Recently the XM broker has announced that they have donated to the non-profit organization Misr El Kheir to support their work in delivering clean drinking water to rural areas and villages in Egypt.

　　The donation will help them get access to clean water in rural Egypt is an ongoing problem, with millions still not having a safe water supply. Lack of clean water results in poor sanitation and the spread of illnesses which are especially fatal to children.

　　Misr El Kheir Foundation (MEK) is a non-profit development institution established in2007 with the objective of developing the Egyptian individual in a comprehensive manner. Five key areas have been selected for human development namely: Health, Education, Scientific Research, Social Solidarity and Aspects of Life. Misr El Kheir has a well-established program in place to deliver clean drinking water to villages where the inhabitants cant easily access it. It is an incredibly important project and we would like to applaud them for the essential work they do and their efforts to improve the lives of those less fortunate.

　　XM Broker, believes that everyone deserves the right to clean water and other basic necessities. And they will remain committed to supporting communities around the world and donating to those who are focused on making the world a safer and fairer place to live for Humans.
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The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System that determines the direction of monetary policy specifically by directing open market operations. The FOMC is composed of the Board of Governors, which has seven members and five Federal Reserve Bank presidents.

　　As the monetary policy body, The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2. This is a detailed report of the previous Fed’s meeting that contains in-depth insights into the economic and financial conditions.

　　It is important to come up with report, As the market awaits the beginning of tapering and hawkish steps by the Federal Reserve, traders will be looking for a shift in the forecast for the next rate hikes, changes in the economic outlook, and, most importantly, the views on inflation. If the Federal Reserve confirms high inflation and makes steps towards tightening, the USD will gain.

　　How to trade on the FOMC Meeting Minutes？

　　For you To trade on this event, you need to follow the details in the news and on the official site of the Federal Reserve.

　　• If the Federal Reserve is hawkish, the USD will strengthen;

　　• On contrary, cautious comments will make the USD weaker.

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FXChoice Limited which was founded in 2010 and and regulated by the International Financial Services Commission (Belize) offers clients access to trade on more than 100+ markets covering Forex, Commodities, Shares, Indices and Cryptocurrencies, all through the globally popular MetaTrader 4 and MetaTrader 5 platforms for Windows, MAC

FX
　　As FXChoice is heading to the end of the year 2021 and about to face the new year 2022, the broker wishes to extend their holidays greetings in advance to all their clients and wishes them all a merry Christmas, and a most successful trading year of 2022.

　　To satisfy their clients and it offers as a humble holiday gift, everyone an extra 50% bonus if a user use the promo code 2022BONUS with your next deposit in FXChoice Backoffice. The bonus can be withdrawn as real funds, this is nice.

　　For those that don’t have an account with the FxChoice yet, you can register now, open a Live account, and use the promo code 2022BONUS when depositing funds to enjoy the benefits. The promo code works with deposits of at least USD 100 (or equivalent) and is only valid for one deposit per client. It expires on 31 January 2022. Hurry!
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JFDBrokers is a forex broker. JFD Brokers offers the MT4 and MT5 trading currency platforms. JFDBrokers.com offers over 60 forex currency pairs, cfds, commodities, stocks, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options. “JFD Bank” is a brand name and registered trademark owned and used by the JFD group of companies, which includes: JFD Group Ltd (ex. JFD Brokers Ltd), a company with registration number HE 282265, authorized and regulated by the Cyprus Securities and Exchange Commission – CySEC (Licence number: 150/11). Previously, it can be noted that the broker offers

　　Now as the broker announced in their official website that they want to notify their clients and the General public that today (25/11/2021), theye will remove Technipfmc‘s (FTI.P.EX) physical stock from JFD’s offering.

　　This means, anyone with open or pending orders (including Stop Loss and Take Profit levels) on the respective physical stock instrument, should close them by the end of the trading session today. Failure to do so, will makes the company to do it at the last received price before the market closes and add “Delisting” to the transaction as a comment. And also If anybody face any challenges when closing their positions, they should kindly let them know, and they will assist you accordingly in order to close the pending order.

　　JFD Group Ltd operates in accordance with the Markets in Financial Instruments Directive (MiFID II) and is licensed to provide the investment services of agency only execution (i.e. reception and transmission of orders, execution of orders on behalf of clients), portfolio management and investment advice in relation to transferable securities, options, futures, swaps, forward rate agreements, financial contracts for difference (CFD) and other derivatives. You can read more of the latest stock market news and analysis by visiting JFD Research, there you can find plenty of actionable insights published by their oriented teams

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Brent is the name given to a relatively light crude oil made from a blend of crudes from 19 oil fields in the North Sea. Brent Crude is one of the three main benchmarks for crude oil prices per barrel, along with West Texas Intermediate (WTI) from North America and Dubai Crude from the Persian Gulf. Brent is also the name of an oil field located in the North Sea off the coast of Scotland, which was discovered in 1971 and started production in 1976. Brent is an acronym for Broom, Rannoch, Etive, Ness and Tarbert – the five geological formations that form the Middle Jurassic field.

　　Brent Crude is a major trading classification of sweet light crude oil that serves as a benchmark price for purchases of oil worldwide.

　　Taking look at the technical picture of Brent crude oil on the 4-hour chart, it can be observed that currently the commodity is trading below a steep short-term downside resistance line taken from the high of November 10th. The price is also near the 80.83 hurdle, which is the current lowest point of November. Even though Brent oil is showing willingness to move lower, as suggested preferably needs to wait for a break below that hurdle first, in order to get comfortable with lower areas after some Hours.

　　As the expected drop happens, and Brent oil moves below 80.83, this will confirm a forthcoming lower low, potentially opening the door towards lower areas. The commodity may drift to the 79.58 obstacle, marked by the low of October 7th, where a temporary hold-up might occur. Nevertheless, if the selling pressure remains strong, the price could continue sliding, possibly aiming for the 78.24 level, marked by the lowest point of October. The RSI and the MACD are currently pointing lower. In addition to that, the RSI sits below 50 and the MACD continues to run below zero and the trigger line. The two indicators show negative price momentum, which supports the above-discussed scenario.

　　In other way round, when the price breaks above the aforementioned downside line and then climbs above the 83.10 barrier, marked by the high of November 12th, that could attract a few more buyers into the game. Brent oil might then travel to the 83.82 obstacle, or even to the 84.68 territory, which is marked near an intraday swing high of November 9th and an intraday swing low of November 10th. If the buying fails to stop there, the next possible target could be the 85.58 level, marked by an intraday swing high of November 10th. Over there the commodity may test a short-term uncertain downside resistance line drawn from the high of October 25th, and it may likely provide an additional hold-up.

https://apphtml.wikifx.com/news/newsdetail?countryCode=ng&languageCode=en&code=202112069494530812

The JMMC was established following OPECs 171st Ministerial Conference Decision of 30 November 2016 and the subsequent Declaration of Cooperation made at the joint OPEC-non-OPEC ministerial meeting held on 10 December 2016.

　　At the December meeting, 11 non-OPEC oil producers cooperated with the 13 OPEC Member Countries in a concerted effort to accelerate the rebalancing of the global oil market through an adjustment in combined production of 1.8 million barrels per day.

　　The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.

　　The two joint organizations OPEC-JMMC arranged a meeting, which will take place on 2nd December, 2021. The meeting may possibly be virtual.

　　What will happen after the meeting？

　　The OPEC-JMMC meetings which will be hosted on Thursday, December 2 during the whole day attended by representatives from the 13 OPEC members and 11 other oil-rich nations. They will discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.

　　The last time the global supply was not changed, XBR/USD lost $3.5.


　　To use the OPEC-JMMC meetings and trade, below are the key notes to know？

　　• If the supply increases, the oil will likely weaken.

　　• If the supply decreases, the oil will likely strengthen.

　　Instruments to trade: XBR/USD, XTI/USD

https://apphtml.wikifx.com/news/newsdetail?countryCode=ng&languageCode=en&code=202112061894108892

The FP Markets operating professional trading experience for a quite long time since the broker was established in 2005 and ever since serves over 12,000 clients worldwide. One of the main strengths is that FP Markets uses true ECN electronic bridges and enhance its proposal with powerful trading technology, also investing in its innovation. Trading with FP Markets you may access to trade 10,000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Equity CFDs markets offers quite competitive spreads. Additionally, users can trade newly launched Share CFDs Directory on October 21st, 2021 as announced on the Brokers website on which is another key addition to its wide range of trading tools.

　　The newly launched FP Markets Share CFD Directory contains a dedicated page for each Share CFD available to trade at FP Markets via the FP Markets Metatrader 4 & 5 platform. This resource is available for the 800+ Share CFDs offered by FP Markets which covers a wide range of multi-exchange listed companies. Each Share CFD Directory page includes breif information on each listed company including the:

　　• Company profile

　　• Share price

　　• Market sentiment

　　• Technical Analysis

　　• Related Company News

　　This recently made and useful resource adds to an array of trading tools offered to FP Markets traders to enhance their trading experience. Traders can therefore choose from a wide range of sectors and companies on a number of international exchanges such as Rolls Royce Holdings PLC., Paypal Holdings Inc, and a range of Biotech and Big Pharma companies, including Pfizer, Inc. which have proved especially attractive to investors since the pandemic. FP Markets also offers an impressive portfolio of leading global stocks, including Tesla Inc. (TSLA.xnas), Uber Technologies Inc. (UBER.xnys), Apple Inc. (AAPLE.xnas), Netflix, Inc. (NFLX.xnas), Amazon Inc. (AMZ.xnas), – the so-called “FANGs.” In finance, the acronym “FANG” refers to the stocks of four technology companies: Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Google (GOOG).

　　While Commenting on the progress Craig Allison, Head of Europe, Middle-East, and Africa, said: “their team have created a one-stop source of information for the 800+ share CFDs that FP Markets offers. The interest in equities has reached an all-time high globally and we have added this useful resource to provide each trader with essential information to assist in making informed trading decisions.”

　　In addition, to share CFDs, FP Markets offers over 10,000 trading instruments providing traders access to CFDs across Forex, Indices, Commodities, Stocks, and Cryptocurrencies, making it one of the most extensive offerings in the industry and offers eight platforms including MT4, MT5 & Iress.

　　FP Markets has learned that the combination of consistently tight spreads and fast execution,

　　Over the past 16 years coupled with cutting-edge platforms, a wide product range, and first-rate customer support are the key ingredients that give serious traders the confidence to trade.

　　The newly launched Share CFDs Directory tool is available on the FP Markets official website for more details.


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As it was observed from the markets analysis that EUR/NOK traded higher on Friday, breaking above the 10.00 zone, and specifically above the resistance (later turned into support) of 10.025, marked by the high of November 18th. Then, the rate hit resistance at 10.085, and pulled back to test the 10.025 zone as a support this time, But before rebounding back again. Above all, the rate remains above the upside support line drawn from the low of October 20th, which combined with the latest rally paint a positive near-term picture.

　　It can be examined further that, advances upon a break above the 10.107 territory, which is defined as a support by the inside swing low of September 30th. This would confirm another higher high and may initially pave the way toward the peak of October 1st, at 10.170. If the bulls are not willing to stop there and eventually break higher, then we could see the trend extending towards the peak of September 30th, at 10.225.

　　When we Look at the short-term oscillators, we can observe that the RSI, already slightly below 70, has turned up again. It can possibly emerge above 70 again soon. The MACD, on the other side, lies slightly above both its zero and trigger lines, but has turned somewhat down. This is likely to makes us fell somehow serious about the observation to become aware that another setback may likely happen before the next leg north.

　　For us to start examining as whether the bears have gained the upper hand, or not we would first expect to see a dip below 9.840. This will also confirm the break below the upside support line taken from the low of October 20th, and may initially target the 9.790 zone, which provided resistance between October 28th and November 1st. But If that barrier fails to hold each, then a declines towards the 9.710 territory may likely to occur, the position is marked as a support by the low of October 28th. The structure or the pattern of the Paira can be observed below to compare the analysis.


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The opening and closing hous of Forex market is important that novice traders need to know because in Forex market, trading hour is different from the general stock market. Since Forex market is related to each country’s currency and has no central location, Forex market is open for trading 24 hours a day, Monday-Friday. Only stop trading on Saturday and Sunday. With the exception of the Bitcoin cryptocurrency (BTC/USD), some Forex brokers offer trading every day, including weekends and holiday

WikiFX,
　　1. What time does Forex market open and close？

　　Forex market opening and closing times of major currencies according to the time in Thailand

　　· Australian Markets (AUD) Sydney Markets will open from 5 a.m. – 1 p.m.

　　· Japanese Market (JPY) Tokyo Market will open from 6 a.m. – 2 p.m.

　　· European Market (EUR) European markets will open from 2 p.m. – 11 p.m.

　　· London Market (GBP) London Market will open from 3 p.m. – 11 p.m.

　　· American market (USD) America market will open from 7 p.m. – 3 a.m.

　　From the Forex time table, you can see that each currency’s market has a time to open and close. The overlap makes Forex market trading 24 hours a day without market breaks. which is different from the stock market because the stock market has a clear opening-closing time, it cannot be traded all the time.

　　For example, the EUR/USD currency pair.

　　· EUR currency, opening-closing time is 2 p.m. – 11 p.m.

　　· USD currency, opening-closing time is 9 p.m. – 3 a.m.

　　It means that the EUR/USD currency pair has an opening-closing time between 2 p.m. and 3 a.m.

　　· The period with the most volatile price movements is 7 p.m. – 11 p.m.

　　· As for the period from 11 p.m. – 2 p.m., the price chart is not very strong.

how

2. Opening and closing time of Forex market of each broker

　　Traders may be wondering if each Forex broker uses the same opening and closing times. The broker takes the time to open-close for Forex, Gold, Oil, Cryptocurrencies, Bitcoin on the basic of the server of itself. Therefore, the opening-closing time of market is a nuance. Because each broker will place a different server.

　　Most of the time, the Forex market opens and closes according to the time of Thailand.

　　· Open at 4 a.m. Monday morning

　　· Closes at 4 a.m. on Saturday morning

time

Summary of the opening and closing hour of the Forex market

　　The opening and closing hours of Forex market are 24 hours a day, Monday to Friday from 4 a.m. Monday – 4 a.m. Saturday. The most active time of trading is 7 p.m. – 114 p.m. The optial time to make profits is the 2nd and 3rd week of the month.

　　What day does Forex market open and close？

　　Forex market is open for trading Monday – Friday.

　　What time does Forex market open and close？

　　Forex market open 24 hours, 4 a.m. Monday – 4 a.m. Saturday.

　　Are the opening and closing times of each broker the same？

　　The time of each Forex broker may be a little advance, referring to the server

　　Forex trading time to make profit

　　The best time to make profits is the 2nd and 3rd week of the month.

　　EUR/USD currency pair, when is the chart running？

　　The EUR/USD pair is from 7 p.m. – 11 p.m., because it is the time when EUR and USD markets are open. It will be a time when large volumes are traded.

https://apphtml.wikifx.com/news/newsdetail?countryCode=ng&languageCode=en&code=202112109614480350

The Financial Sector Conduct Authority (FSCA), South African financial markets regulator, has warned the public to act with caution when dealing with with an online trading platform which is using the name Kuveyt Yatirim. Kuveyt Yatirim is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), to render any financial advice and intermediary services.

Financial
　　The FSCA received information that Kuveyt Yatirim is soliciting investments from people and promising unrealistic and excessive returns. They appear to be a foreign entity which is not registered with the authority and their website guarantees that their “FSCA License guarantees investors investments of up to 100,000 USD”. This statement is completely false and misleading as the FSCA does not offer any guarantees relating to investments and the entity is not authorised as aforementioned.

　　The FSCA warns that members of the public should always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary Services and what category of advice it is that the entity is registered to provide.

　　It again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA as to whether or not such institution or person is authorised to render financial services.

　　Members of the public should always check that an entity or individual is registered with the FSCA to provide financial advisory and intermediary services and what category of advice it is that the entity is registered to provide. There are instances where persons are registered to provide basic advisory services for a low-risk product and then offer services of a far more complex and risky nature. The FSCA again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA on either the toll-free number (0800 110 443) or on the website http://www.fsca.co.za as to whether or not such institution or person is authorised to render financial services, and in particular which financial products they are licensed for.


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