The Pattern Pulse - 25 April 2024
- Popular Posts, Recent Posts, Technical Analysis, Trading Knowledge, Trending Now
- April 25, 2024
Reading Time: 7 Minutes You can inherit digital currency (bitcoin, Ethereum, or Binance coin, for example). If a family member or friend has invested in cryptocurrency, they can legally leave it to you. Although cryptocurrency is a relatively new digital asset class, it’s still considered an ‘asset’. Therefore, it can be lawfully transferred to another
READ MOREReading time: 8 minutes The FX market—often referred to as the foreign exchange market—operates within four distinct trading sessions, 24 hours a day five days a week. The Forex market opens at 10 pm GMT on Sunday and closes at 9 pm GMT on Friday. Note that the FX market is closed on weekends. Trading
READ MOREReading time: 7 Minutes The foreign exchange market (Forex market) is one of the most accessible financial markets globally. Forex traders can start currency trading with an initial investment of as low as 100 AUD or equivalent with FP Markets. However, the amount of money you start with can determine your success and ultimately influence
READ MOREReading time: 7 minutes The Foreign Exchange Market (or ‘’Forex market’’) is the largest trading market globally with many countries permitting currency trading. However, some countries refuse the transactions of trading foreign currencies. These countries either have implemented rules that restrict trading currencies or have banned them outright. The good news is Australia is not
READ MOREAltcoins, an abbreviation for ‘alternative coin’, refers to alternative cryptocurrencies to Bitcoin, which makes up a large portion of the total crypto market value. Bitcoin was the first cryptocurrency to launch; however, many open-source virtual currencies are now available. Why altcoins over Bitcoin? Bitcoin (BTC) is the first and most popular blockchain network; however, this
READ MORECryptocurrency has become a trending space, as many crypto-assets such as bitcoin (BTC), altcoins, and other digital assets have skyrocketed in value. If you’re thinking about investing or trading in the crypto space, here are 7 factors to consider before making your first cryptocurrency investment. Proof-of-Stake vs Proof-of-Work There are two major types of
READ MOREReading Time: 7 Minutes A critical component of successful Forex trading is striking an optimal balance between risk and reward, a balance that is suitable for not only the trading system (Forex trading strategy) used but also the trader/investor’s risk tolerance. At its heart, a risk-reward ratio assesses the potential risk and potential reward (sometimes
READ MOREReading Time 7 Minutes Although a wide variety of online foreign exchange courses are available, it’s imperative that you review each one against certain criteria before investing time and money. Some courses are free; others are paid-for courses. Some are aimed at new traders (beginner’s courses); others are for more experienced traders. Important Considerations
READ MOREReading Time: 8 Minutes Without a thorough understanding of one’s mindset, trading can be one of the most exasperating endeavours you undertake, irrespective of the Forex trading strategy used. The emotional state of an individual’s character can influence the approach and create trading mistakes. All traders are unique, whether beginner or expert traders and all
READ MOREReading Time: 8 Minutes Contract for Differences (CFDs) are financial derivative products. CFDs work when two parties enter an agreement (a position) that’s settled in cash (calculated through the opening and closing prices of a position). As such, void of physical delivery, CFDs are a popular market to trade among both beginner and experienced CFD
READ MOREReading Time: 8 Minutes Technical analysts, or ‘chartists’, employ charts to evaluMain Types of Forex Chartsate the real-time price movements in financial markets, such as foreign exchange (Forex—think currency pairs), equities, indices, commodities and cryptocurrencies (note each of the aforementioned markets can be traded through CFDs, or contract for differences). A chart shows the collective
READ MOREReading time 7 Minutes Foreign exchange trading, or ‘Forex trading’, is conducted through a global decentralised over-the-counter market, with a daily market turnover of approximately US$6.6 trillion, according to the Triennial Central Bank Survey (April 2019). Forex trading involves buying and selling currencies, through currency pairs such as EUR/USD, GBP/USD and AUD/USD. A variety of
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