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Trading Insider | 5th October 2020
Editor’s Letter Nirav Shah has been a professional trader since 2001. His keen interest in the financial markets was passed down from his father who worked for one of London’s most prestigious stock brokers. He comes from a family of traders that have worked for institutions such as ICAP, Bank of America and Citibank. In 2008 Nirav started developing his algorithm after an in-depth study alongside 3 other Institutional Traders and for 2 years he spent well over £500,000 in his research and development to create an algorithm that would actually study 18 indicators and combine them with an institutional orders flow. Nirav Shah is the creator of The Platinum Trading Methodology, a proprietary trading and analysis method. Nirav has been a commentator on CNBC about the financial markets, and has written many trading articles for some of the world’s best-known financial publications. Nirav’s trading philosophy is one of low risk, high probability trading, a style that is very patient and disciplined but brings great rewards. He is now willing to share his vast experience with anybody who is open minded enough to learn how to trade professionally.
Good Morning Platinum Traders, Last week was a fairly frustrating one with the markets being fairly contained and range bound without our important trading zones coming into play. The one exception being gbp/usd which unfortunately stopped out last Monday. There is a lot of Brexit rhetoric on the table at present and will continue until a deal is signed off one way or the other. The frustrating aspect of this is snippets of news can come out randomly and therefore stop us out at any moment. If you are trading this pair or any Stirling pairs in general, please do so at stronger levels on your charts whilst reducing your normal trade sizes. There is a plethora of tier one red flag news events to be mindful of this week. We have the RBA rate statement and budget, bankers Lagarde, Bailey, Powell and Macklem all speaking respectively as well as Wednesdays FOMC to navigate through.
Nirav Shah Chief Editor
Many thanks, Platinum team.
Trading Insider | 5th October 2020
Contents THIS WEEK IN THE FOREX MARKETS........................................................................................................................................4 Dollar holds tight ranges as investors await news on Trump’s health........................................................................4 British Pound at Risk on EU-UK Brexit Fissure, Trump Fights Covid ...........................................................................5 Canadian dollar seen higher if commodity prices rebound: Reuters poll ................................................................6 AUD/USD May Retreat if Trump Covid-19 Infection Roils Markets ...............................................................................7 Private Sector PMIs Put the EUR and USD in Focus, with Trump in the Spotlight .................................................8 KEY ANALYSIS OF MAJOR PAIRS.................................................................................................................................................10 EUR/USD..................................................................................................................................................................................................10 GBP/USD .................................................................................................................................................................................................11 TOP TRADING EVENTS.....................................................................................................................................................................12 COT DATA ..............................................................................................................................................................................................13 LEARN TO TRADE FOREX WITH A DEMO ACCOUNT - FIRST STEPS........................................................................17 GET TO KNOW THE TOP FINANCIAL MARKETS FOR TRADING IN 2020 ..............................................................21
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Trading Insider | 5th October 2020
THIS WEEK IN THE FOREX MARKETS
THIS WEEK IN THE FOREX MARKETS Dollar holds tight ranges as investors await news on Trump’s health
TOKYO (Reuters) - The dollar clung to familiar ranges on Monday as financial markets awaited news on the health of U.S. President Donald Trump, who last week tested positive for the coronavirus, sending investors into safe-haven assets. Risk-sensitive markets such as stocks rallied in early Asian trade after Trump made a surprise appearance outside his hospital with an impromptu motorcade. But with Trump’s medical status still unclear, the dollar index remained little changed against a basket of six major currencies, last sitting at 93.738. “With not a lot of major economic indicators released this week, the focus all comes down to Trump’s illness,” said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank. “There is a welter of information about the severity of his condition, and that is making it difficult for market participants to make a move,” Uno said. Trump was flown to hospital for treatment for the coronavirus on Friday, just weeks before the Nov. 3 election, adding another layer of uncertainty and market volatility. The president’s medical team on Sunday said his condition was improving and that he could be discharged from hospital as soon as Monday. Read more...
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THIS WEEK IN THE FOREX MARKETS
Trading Insider | 5th October 2020
British Pound at Risk on EU-UK Brexit Fissure, Trump Fights Covid
BREXIT PAIN TO INTENSIFY The British Pound may be in for a rough week as EU and UK negotiators buckle down for intensified talks as the December 31 expiration date of the transition period nears. As I’ve written about in July, the dispute over economically-strategic and politically-sensitive fishing grounds continues to be a major wedge widening the rift between Brussels and London. UK policymakers warned that the gap on fisheries with their European counterparts risks being “impossible to bridge”. EU chief negotiator Michel Barnier later pointed out that “persistent and series divergences” are characterizing Brexit talks. With so much still to resolve, UK Prime Minister Boris Johnson and President of the European Commission Ursula con der Leyen agreed to extend the talks by a month. Despite growing risks of a no-deal Brexit, the Prime Minister said that the country can “prosper mightily under those circumstances” despite growing risks of supply chain disruptions. Last week, the government warned that a lack of preparation in the case of a no-deal scenario could result in “100km” lines of trucks. Under the strain of the coronavirus pandemic, this would only amplify the economic costs. Talks are set to resume this week in London and will then continue next week in Brussels. The EU has stressed the need for a resolution either by the end of October or early November, so enough time is left for the bloc to ratify an agreement. Until then, the British Pound may become increasingly more sensitive to Brexit developments as the clock ticks. Read more...
THIS WEEK IN THE FOREX MARKETS
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Trading Insider | 5th October 2020
Canadian dollar seen higher if commodity prices rebound: Reuters poll
TORONTO (Reuters) - The Canadian dollar is set to gain more than 2% against its U.S. counterpart in a year as an expected recovery in the global economy from the coronavirus crisis improves the outlook for commodity prices, a Reuters poll showed. The loonie is expected to strengthen 0.6% to 1.32 per U.S. dollar, or 75.76 U.S. cents, in three months from about 1.3280 on Thursday, the poll of more than 40 currency strategists showed. It is then expected to climb to 1.30 in one year, matching last month’s forecast. “We expect oil and other commodity prices to rebound, particularly in the second half of 2021,” said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets in New York. “That should pull CAD higher as well.” Oil (CLc1), one of Canada’s major exports, has slumped about 37% since the start of the year to less than $39 a barrel as global economic activity collapsed due to the coronavirus pandemic and lockdown measures. But a separate Reuters poll this week predicts very little upside for the price of crude in the near term. Next year could be a different story. The Organization for Economic Cooperation and Development projected this month that the world economy would expand by 5% in 2021 after an expected 4.5% contraction this year. Read more...
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THIS WEEK IN THE FOREX MARKETS
Trading Insider | 5th October 2020
AUD/USD May Retreat if Trump Covid-19 Infection Roils Markets
30 DAYS UNTIL THE US PRESIDENTIAL ELECTION The election is now officially a month away, and political volatility has only been amplified. Following the first presidential debate, former Vice President Joe Biden’s popularity skyrocketed while President Donald Trump’s plunged. RealClearPolitics betting averages now show a 23.5-point spread, the widest in two months between the two candidates.
2020 US Election Betting Averages Furthermore, Trump’s recent infection with Covid-19 has also contributed to Mr. Biden’s soaring popularity. The President frequently dismissed the severity of the virus and even attempted to chastise the Democratic nominee for wearing a mask at his rallies. A few days later, Mr. Trump announced that he was diagnosed with the virus and was later admitted to the Walter Reed National Military Medical Center. While he is not incapacitated, his admittance to the hospital could undermine market confidence by virtue of the uncertainty of the situation. The Australian Dollar may retreat while the US Dollar may rise if market mood shifts to favoring liquidity over returns. On the other hand, Trump’s illness may boost Biden in the polls, which markets might welcome if they reckon that his policy approach might bring comparatively less-uncertainty. Read more...
THIS WEEK IN THE FOREX MARKETS
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Trading Insider | 5th October 2020
Private Sector PMIs Put the EUR and USD in Focus, with Trump in the Spotlight
Earlier in the Day: It’s was a relatively quiet start to the day on the economic calendar this morning. The Aussie Dollar and the Japanese Yen were in action this morning.
For the Japanese Yen September’s finalized Services PMI came in at 46.9, which was up from a prelim 45.6. In August, the PMI had fallen from 45.4 to 45.0. According to the September survey, There were slower declines in activity and new orders. Export orders remained especially subdued, however. A continued decline in new business led to a further fall in staffing numbers. Outstanding new business also continued to decline. Business sentiment improved. In spite of another downward trend in new business and output, business sentiment turned positive in September. The Japanese Yen moved from ¥105.538 to ¥105.555 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.28% ¥105.58 against the U.S Dollar. Read more...
Trading Insider | 5th October 2020
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Trading Insider | 5th October 2020
KEY ANALYSIS OF MAJOR PAIRS EUR/USD EUR/USD – Weekly Closing Price: 1.1716
EUR/USD
Low inflation continues to be a headache for eurozone policymakers, as September data headed downwards. Germany’s CPI dropped by 0.2% in September, its third consecutive decline. Eurozone inflation fell to -0.3%, its lowest level in over four years, from -0.2% a month earlier. The core reading dropped to 0.4%, down from 0.2%. This raises pressure on the ECB to add further stimulus. German Retail Sales climbed 3.1% in August, blowing the forecast of 0.4% out of the water. This follows two straight declines. On the manufacturing front, German and eurozone Manufacturing PMIs continued to point to expansion in September, with readings of 56.4 and 53.7, respectively. Spain’s unemployment rolls fell by 26.3 thousand, surprising analysts, who had projected a gain of 59.5 thousand. In the US, the Conference Board Consumer Confidence jumped to 101.8 in September, up from 86.3. This easily beat the forecast of 90.0 points. Third-estimate GDP for the second quarter was upwardly revised to -31.4%, up from -31.7%. On the manufacturing front, the ISM Manufacturing PMI remained well in expansionary territory, with a reading of 55.4 points, down slightly from 56.0. The neutral 50-mark separates contraction from expansion. Job growth slowed sharply in September, as Nonfarm Payrolls fell to 661 thousand, down from 1.37 million beforehand. This was much weaker than the estimate of 900 thousand. Wage growth dropped from 0.4% to 0.1%, missing the forecast of 0.5%. Manufacturing continues to expand, as second-estimate Manufacturing PMI came in at 54.1, down slightly from the initial estimate of 54.3 points.
EUR/USD Longer Term view The Euro’s Uptrend (from its March low of 1.0640) has corrected (albeit less than anticipated) to allow another rally onto new recovery highs for the year over coming weeks.
EUR/USD DAILY UPDATE In the short term, support lies at 1.1690/1.1660, with (sustained) break above 1.1745/1770 resistance heralding rally toward 1.1850/1865; then 1.1900/1915. However, any loss of 1.1650/1.1615 would reassert the Euro’s broader Corrective decline (from last month’s 1.2010 peak) for sell-off to the mid 1.1400’s.
Trading Insider | 5th October 2020
GBP/USD
GBP/USD
GBP/USD – Weekly Closing Price: 1.2932 UK credit levels for individuals dropped to GBP 3.4 billion in August, down from GBP 3.9 billion. The UK’s current account deficit narrowed to just GBP 2.8 billion in Q2, down sharply from the Q1 reading of GBP 21.1 billion. This marked the smallest deficit since 2010. GDP for the second quarter was upwardly revised to -19.8%, up from -20.4%. In the US, the Conference Board Consumer Confidence jumped to 101.8 in September, up from 86.3. This easily beat the forecast of 90.0 points. Third-estimate GDP for the second quarter was upwardly revised to 31.4%, up from 31.7%. On the manufacturing front, the ISM Manufacturing PMI remained well in expansionary territory, with a reading of 55.4 points, down slightly from 56.0. The neutral 50-mark separates contraction from expansion. Job growth slowed sharply in September, as Nonfarm Payrolls fell to 661 thousand, down from 1.37 million beforehand. This was much weaker than the estimate of 900 thousand. Wage growth dropped from 0.4% to 0.1%, missing the forecast of 0.5%. Manufacturing continues to expand, as the second estimate for Manufacturing PMI came in at 54.1, down slightly from the initial estimate of 54.3 points.
GBP/USD Longer Term view Sterling still displays a developing multi-year Falling Wedge pattern, enabling a major advance to eventually occur, upon completion.
GBP/USD DAILY UPDATE Sustained break above 1.2980 Neckline resistance completes this Bottoming pattern, enabling rally toward the 1.3300 level over coming days. In the short term, support now lies at 1.2890/1.2860
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Trading Insider | 5th October 2020
TOP TRADING EVENTS
TOP TRADING EVENTS
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Trading Insider | 5th October 2020
COT DATA
COT DATA
AUSTRALIAN DOLLAR COT REPORT
BRITISH POUND COT REPORT
CANADIAN DOLLAR COT REPORT
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Trading Insider | 5th October 2020
COT DATA
COT DATA
EURO COT REPORT
JAPANESE YEN COT REPORT
NEW ZEALAND DOLLAR COT REPORT
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Trading Insider | 5th October 2020
COT DATA
COT DATA
SWISS FRANC COT REPORT
US DOLLAR INDEX COT REPORT
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Trading Insider | 5th October 2020
Trading Insider | 5th October 2020
FOREX TRADING ARTICLE
FOREX TRADING ARTICLE LEARN TO TRADE FOREX WITH A DEMO ACCOUNT - FIRST STEPS
In today’s article, we will be discussing the benefits of having a demonstration (Demo) Account. We will be covering why you should download a demo account, how to go about doing it and setting one up. We will also briefly touch on the psychological aspects of using a demo account and how it can help you to be prepared for the live market, and approach it with the right mentality, rather than losing your way and abandoning your strategies.
FIRSTLY, WHY NEW TRADERS SHOULD SET UP A TRIAL ACCOUNT There’s one thing you need to remember, the foreign exchange market is the biggest in the world with a daily volume of over $5 trillion. Trying to trade this market without any practise is asking to throw your money down the drain. Having a demo account will enable you to get used to certain platforms as well as test out your skills without being punished by the market. It doesn’t take long and within a few minutes, you will have your forex demo account set up. Most Forex Brokers have forex demo accounts, and you can select the size of the trading account that you wish to simulate. Forex demo accounts are not only for new traders, but they can be used for a lot of different reasons such as testing trading strategies and methodologies.
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Trading Insider | 5th October 2020
FOREX TRADING ARTICLE
Trading tip of the day: If you are a new trader or an aspiring forex trader, when you open a forex demo account you should be aware of the following: A) Select a trading account of a similar value of funds that you will be trading on B) Treat the forex demo account the same as you would trade your live account C) Review your trading strategies and risk management on a weekly basis to find out your trading limitations. A point I would like to mention is that when I sat with our CEO and reviewed his initial trading years, he revealed that he traded on a forex demo account in his early days for a whole year till he could prove that he was able to manage his risk and perfect his forex trading strategies. The lesson to be learned from opening a forex demo account is patience, and we shall discuss the other significant benefits ahead in this article.
WHAT IS A FOREX DEMO ACCOUNT? A forex demo account will enable you to trade the markets as a simulation without having to put any of your own capital at risk. It’s completely free and will allow you to use the broker and forex platforms before investing in them.
Watch this video: Learn to trade forex - free forex demo account (05mins 33secs)
THE BENEFITS OF A DEMO ACCOUNT Any experienced trader will tell you to try a demo account first before diving into the market. Having a demo trading platform will allow you to be able to train yourself in trading by practising. As the saying goes practise makes perfect. At Platinum, we would always recommend using a demo whilst training with us on our trading program, this is to ensure you are not making mistakes with your hard-earned cash.
FOREX TRADING ARTICLE
Trading Insider | 5th October 2020
Familiarising yourself with a trading platform is key to being consistent, as having the platform be second nature for you to use will be necessary. You can practise with the different tools and orders before having to use them for real. The Types of Platforms you can use: Meta Trader 4 Meta Trader 5 Also, interactive brokers will allow you to trade on demos using their online-based platforms too.
DEALING WITH PSYCHOLOGY The majority of beginner traders have no idea how large role emotions play when you are trading, and this is why many fail. Using a demo brings you back down to earth as you learn you won’t win every trade and you will make losses too. You will better be able to deal with losses once you’ve spent time honing your skills and emotions on a demo before trading live.
DEVELOPING STRATEGIES The main reason people use demos is to develop different strategies in their trading portfolio, trying a new strategy on the live market is a big risk, if you make a mistake, real money is on the line. Being able to test them is key, and every trader should take note of this no matter how experienced they are.
FINDING A ROUTINE AROUND YOUR LIFESTYLE Most retail traders have full-time jobs and finding time for trading can be tricky, this ties into testing strategies but is still important. Having a demo, to begin with will enable you to find the best routine of charting and trading around your full-time job. The forex market is a 24-hour market; therefore, you can test your skills out at all sorts of times of the day. Use a demo to find when works best for you.
THE BEST PRACTICE TO USE A FOREX DEMO ACCOUNT The biggest thing with a demo account is to trade it just like you would trade a live account. This means having the exact same amount to start with as you would with a live account, this is key. You should set up the trading plan the exact same way with no alterations. You want all the variables to be the same so when it comes to living, it’s a smooth transition. Focus on which currency pairs you will be trading, the risk at which you will be trading them, the times of the day you will trade and what strategies you will be using.
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Trading Insider | 5th October 2020
FOREX TRADING ARTICLE
ENSURE YOU ARE KEEPING TRACK OF TRADES Having a trading journal will enable you to understand what strategies are working and what type of risk management will provide you with the results you are looking for. As mentioned it should be traded the same way as a live account, therefore if you return 5% on a demo this will give you a realistic return on a live account. Always be honest with your results as this will help you transition in live trading easier rather than having false expectations. The Top 5 Rules for Trading an Forex Demo Account: 1) When you are trading on a forex demo account try and use it as if it is your actual live account 2) When you open you first forex demo account try and familiarize yourself with all the key features 3) If you are new to trading remember that all brokers will help you in any queries or questions you may need answering and you are able to Trade Forex, CFDs on Shares & Indices risk free. 4) Most Demo Accounts will start with around $10,000 of virtual money for practicing & refining your trading strategy. Do not overleverage your account. 5) Try Multiple forex demo accounts before you got live as you have to be comfortable with your trading platform. Ig Markets lets you test drive their award-winning platform and you can trade stocks and forex for free.
CONCLUSION Having a demo trading platform is a no-brainer and every trader should have one as they start out in their journey, even as experienced traders we will use them when testing out new strategies. Trade the demo just like the live account and trust the process! Trading is a marathon, not a sprint!
Trading Insider | 5th October 2020
FOREX TRADING ARTICLE
FOREX TRADING ARTICLE GET TO KNOW THE TOP FINANCIAL MARKETS FOR TRADING IN 2020
As the new decade comes rolling in, it is important that you have your finger on the pulse of the top financial markets for trading. Expert investment strategy groups suggest that, for 2020, it’s going to be extremely advantageous to focus on stocks with high projected earnings growth. There are a number of market-shaking events that shaped the past decade, and 2020 is set to become even more remarkable for the financial markets. This is due to the fact that there are currently so many impactful events across the Globe. These include things such as Brexit in the UK, which will also affect Europe and of course the US presidential election, both currently making waves in the financial markets. Whether you are planning to venture into a new career, going full-time into trading, or are planning on something a little more passive, it is essential that you get to know the top financial markets for trading in the coming year. If you are an advanced trader or just a beginner trader and you are not quite sure where to start, don’t panic just yet! We have crafted this quick crash-course to set you on the right path to trading. Here are our top Financial markets you should be trading in 2020.
The Current financial markets in 2020 In a nutshell, a financial market is a market in which buyers and sellers have the platform to trade foreign exchange, commodities, financial securities, among many other freely exchangeable items. The prices in the financial markets are determined by market forces, and this is where trading happens on both a national and global level.
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FOREX TRADING ARTICLE
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Trading Insider | 5th October 2020
It is the main job of traders to buy and sell securities in the market in order to gain potential profit, all while doing their best to minimise risk. The common trend among seasoned traders is that they focus on a single financial market, and it can be quite unlikely that traders tend to dabble in varying ones. Having a solid understanding of a particular financial market and staying up to date with the latest impactful news can be quite demanding, this is why traders tend to specialise. Especially traders who are just starting out or are looking for a passive return on their investment. However, even if you decide to put all your attention in just one financial market, it’s still of great benefit if you have an overview of all the financial markets that are available for trading. This is because they all function in a sort of web that can impact one another. Awareness is key and knowing about and understanding all the markets will give you an extra advantage. Thus, we will then give you a bird’s eye view of all the most important financial markets out there, and what their global roles are.
How are financial markets different? The most important term here is “market” because the financial market functions pretty much the same way. Markets are where goods and products are sold and bought, but the difference lies in what is being exchanged; In financial markets, you would see the act of buying, holding, and selling of financial securities, instruments, and products instead of food, clothing, or any other tangible product or service. It is a common misconception among beginners that there is only one financial market but, the truth is that they have grown exponentially over the years! Here are some of the most common kind of financial markets: Derivatives markets Foreign Exchange market / FX Capital markets Commodity markets Cryptocurrency markets Money markets Insurance market Mortgage market
Trading Insider | 5th October 2020
FOREX TRADING ARTICLE
Watch this video: What are the market opportunities in the current environment? (15mins 05secs)
Why are financial markets so important? Financial markets are incredibly essential to the economy because they offer these six functions: Efficiency Risk sharing Price determination Liquidity Information about the flow of funds Liquidity These financial markets are what keep the gears moving with regard to the flow and movement of funds within global markets and the overall economic system. They have had a consistent role all throughout history, with the dawn of technology introducing even more ways for international markets to become intertwined. Thus, these connections are what helped financial markets grow into what they are now.
Best Financial Markets for Trading in 2020 If you are still unsure of which financial market you should be delving in, then let us help you out with this guide. We have compiled the best financial markets to trade in for 2020! All you have to do is read on and find out which fits best for you, your lifestyle, and the budget that you have.
1. Stock Market The stock market is unarguably more prominent in certain countries, but it is certainly a pillar in the economy of most countries. The stock market is a type of financial market in which financing revolves around the buying, issuance, and selling of shares of stock.
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Trading Insider | 5th October 2020
FOREX TRADING ARTICLE
Within the last 100 years, the US has achieved market dominance, consolidated their exchanges, and a secular sector rotation has occurred. This graph from Yahoo Finance shows the contrast between the world’s stock markets in 1899, and 2016.
Stock Market: Best for Medium to long investments.
2. Forex Market The forex market has demonstrated an impressive growth from $5 billion in 1977 to over $5 trillion in 2017. Big numbers! This steady increase has been thanks to price volatility, advanced computers, more trading tools and access to information, and even the advancement of technology. Think about personal computers and how easy people now have access to these markets online. The barrier to entry is much smaller and the potential of becoming a forex trader is much more accessible. You can also join our Forex trading course to assist with your journey. If you are seeking to trade in a market that is leaning towards short and medium-term trading times, then the forex market may be the one you are looking for. There are tons of classes, crash courses, and resources available online for you to kickstart your trading journey! Forex Market: Best for shorter-term trading & new traders
3. Bond Market or the Real Estate Market In terms of bond markets, these are where financing is derived through the issuance, buying, and selling of bonds. It is considered a capital market since it can also give financing for long-term investments, but it is not limited to just that! It is possible to buy or invest in bonds that have maturities of less than a year. These are usually considered to be sold in money markets.
FOREX TRADING ARTICLE
Trading Insider | 5th October 2020
On the other hand, the real estate market is one where financing is provided through the buy and sell acts of properties. Out of all the examples we have on this list, the real estate market is a prime example of a capital market since the properties are held for multiple years, and are illiquid. Bond Market: Best for long term investments.
4. Derivatives Market The derivatives market is a type of financial market for instruments such as underlying assets and financial derivatives. There are four types of participants in the derivatives market, namely: hedgers, margin traders, arbitrageurs, and speculators. There are also for main types of derivatives contracts, which are futures, forwards, swaps, and options. Speculators take on the task of using instruments to hedge against risk or to take on that risk presented to make a potential profit. Derivatives Market: More experienced traders.
5. Cryptocurrency Markets This is one of the newest types of financial markets, but it has certainly made an impact on traders all over the world. Bitcoins and other forms of Altcoins even took center stage in many news outlets in the past decade, due to the strong surge of price volatility that caused a surge attracting many newbie traders. Bitcoin, in fact, gained 8.9 million percent over the last decade, a staggering increase making it the best investment of the last ten years. The path that cryptocurrency markets will take is still quite uncertain, and it is all up to 2020 and the coming years to determine just how it can shape financial markets in general. We advise that you should do your research before getting into cryptocurrency, as it is an extremely young and volatile market and presents a high risk, high reward approach to trading. Cryptocurrency Market: High volatility best for big returns but much riskier. There are many types of financial markets around, and it is all about finding the one that will fit your preferences and your budget. However, there is one thing that cannot be denied among all of them: financial markets play a lead role in the success and strength of an economy,
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Trading Insider | 5th October 2020
FOREX TRADING ARTICLE
Final tips for trading financial markets in 2020 Before jumping headfirst into investing in a certain financial market, be sure that you have a solid understanding of it and if it meets your criteria. While you cannot know for sure the next movements in the economy, it is important that you have an accurate view of the potential risks and rewards that are attached to every move you make. After all, it is your money that you’re putting forth, so it is best that you make wise and well-calculated decisions. For a short period, we are offering a free review and consultation to those looking to start trading in the financial markets. There are limited spots so sign up here now. In short, there are a number of markets available, but not all are equal. Obviously, you have the major pairs and the minor pairs, the exotics, and the commodities, but this isn’t what we mean when we talk about the markets not being equal. There are a few key markets within each of these collectives that stand above the rest, and identifying them can be difficult even for a seasoned trader. At Platinum, we have traders who have worked for some of the largest trading institutions on the planet, who have first-hand knowledge of how top-tier trading conglomerates see each individual market, and how they will approach specific pairs or assets. When you enroll with our Academy, you will learn about each of these and much, much more. You will discover the real difference between the majority of retail traders sitting in their home offices, and the multi-million-dollar traders in their shining towers of glass and steel. Trade like a professional. Trade with Platinum.
Trading Insider | 5th October 2020
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