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Forex

FinuTrade Review – The Truly Beginner Way of Trading for New Traders

Are you looking for a platform that could simplify trading for you by taking away all the complexities of online trading? Of course, that’s probably what every online trader should be looking for, but finding such an option is not that easy. Looking at the fact that a lot of people are new to trading these days, many of these online platforms can call their trading systems beginner trader-friendly even when they are not. I have found one that I think really promises what it delivers and that’s why I am writing this FinuTrade review.

This broker has proven to be different from the rest on the internet. It gives you choices, makes you feel the freedom of trading, lets you explore the best trading options, and offers a variety of features that are friendly to new traders. From starting your first trading account to earning your first profits, I am sure the experience is going to be great for you. Delve further into the review to know what I mean.

Start an Account Affordably

The amount that you need to start an account might not be the smallest for this company, but it is definitely competitive. I do want to mention here that there are many account types so you can always pick one that fits your budget easily. Take a look at the bronze account that has been designed for traders like you, who are just starting out. The amount you need to start with this account is only 10,000 EUR. With this amount, you will have your own trading account, access to all the assets, and social trading features.

Another account that I think is great for new traders is the silver account, which is the second account on the list. The minimum deposit needed for this account is 25,000 EUR. I am not too sure if the gold account will be great for you, but it definitely offers some great value for the price, especially that personal assistant feature.

Social Trading for Beginners

Is there anything that new traders fear more than losing their money? It is quite obvious that you are trading with your hard-earned cash, and you want to take every step that could stop you from losing that money. Well, trading requires you to take risks, and when you take risks, you can lose your investments. The good thing here is that FinuTrade is providing you with a feature that can make your trades somewhat safer. However, beware that there is no guaranty of anything in trading. So, you have this amazing social trading feature.

Since you have just started trading and you are not confident in your analyses and assumptions, it is best you follow someone who has been trading for years. That’s what social trading is all about i.e. it lets you copy the trades of other expert traders on the market.

Thorough Training Materials and Education

Learn the art of trading the way you deserve to when you sign up with FinuTrade. The company is dedicated to new traders and taking their careers to the next levels. When you sign up with the company, you will gain access to the education center, which contains VODs, eBooks, and webinars for you to take advantage of without paying anything extra. To make this feature special, the broker has given you access to those things even with the bronze account, which is the first trading account on the list. What you don’t learn through the training material, you can learn from the experts during the one-on-one training sessions.

Final Thoughts

I am sure FinuTrade will improve on the areas that need a little bit of attention, such as the signup amount. However, you can’t ignore the value that this company brings to the table with its trading features. Visit the website, now more, and make up your mind. I am sure you will take a wise decision after you know more.

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Forex

Tips that you can use to settle for the best forex broker

Introduction

The forex brokers with zar accounts you choose will be the biggest trade that you will make in the forex industry. If you settle for the best, your trading will be smooth but when you settle for the worst, you will also have a hard time when you are trading. You should also be very careful to avoid settling for scammers. This is very important because you will be giving your capital to one company. You expect that you will be able to trade with it and withdraw your funds later. You may be having great forex trading strategies but when you settle for the worst forex broker, you will not be successful. Here are some of the tips that will help you settle for the best forex broker

Know your needs

The first important step in choosing the best forex broker is knowing your needs. You should try to assess your needs before you even get started with looking for a forex broker. Things that you must always consider here are whether you will be day trading or whether you will be scalping. Whichever trade you choose, it is very important to always make sure that you are settling for a forex broker who can help you and meet all your needs. Depending on the capital that you have, you should choose a forex broker who matches your capital and account size. When it comes to depositing and withdrawing funds from a forex account, ensure that you are settling for a broker who makes work easier for you. Be very careful as there are many scammers out there who are just waiting for a suitable opportunity to steal from you.

Things that a broker offers

If you want to choose the best forex broker, you should also consider checking what the forex broker is offering. This should be a step to take after you have known what you want to achieve. If you are a day trader, you want to make sure that you are dealing directly with the market and not sending your orders for a forex broker to complete them. Dealing desks takes so much time and that can make you lose the golden opportunity that you have been waiting for to make money. To be on the safe side, you should consider a no ‘dealing desk’ forex broker. Apart from that, you should also make sure that the forex broker whom you are considering is regulated in the country of your residence. When you are making your choice, it will be wise to settle for a forex broker who will be available for you whenever you need them.

Test out the broker

If you are still doubting the forex brokers with zar accounts, you should consider putting them to test. The first thing that you should be doing is opening a demo account. Consider staying with the demo account for several weeks and if it works well with you, you can go ahead and settle for the broker.

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Forex

Forex Trading: Strategies to Maximize Profits

Forex trading is one of the most popular ways to make money. You can trade currencies in the Forex market, which spans five continents and includes over 100 different countries. So it’s no wonder that forex brokers are some of the most profitable businesses around!

In this blog post, we’ll discuss few strategies for maximizing profits while trading in the Forex Market.

– The first strategy to maximize profits is using the right leverage. While it’s tempting to use a high amount of force, such as 100:0 or 200:0, you’ll need enough capital in your account to make this trade work out for you.

For example, if we’re trading with $100 and bet on an up movement, but our broker only offers us 50 times leveraged positions (or 100% margin), then even if our prediction about where the market will go were correct, there would be no way for us to profit from that trade!

– Another thing traders should know is how much time they have before expiry when setting their trades. We can’t control the speed at which currency pairs move during a day, but we can control how long our trades last.

This means that if the market is moving up, and you’re expecting it to go down soon, then your best strategy would be to set a trade with an expiry of five hours or so – not two days!

– Another example of maximizing profits involves setting stop losses for each transaction. For instance, some traders might want to bet on currency pairs rising in value by buying them; others will place bets against these same currencies being worth less than what they paid for them (i.e., betting prices will fall).

In this case, choosing where you place your stop loss could mean the difference between profit and loss when the price does hit those lows versus hitting its highs. `

– If you’re very confident about the volatility in the market and how much it will change over time, then one strategy is buying contracts that have ‘time value’.

These are basic options for when or if certain currencies might increase in price; anytime someone buys these, they’ll need to set expiry date – such as 15 days from now. Of course, the more volatile markets become over time, the higher their prices become!

– Another way to maximize profits involves using leverage strategically, which means setting trades at different influences so we can take advantage of both high and low swings with our investments.

For example, a business with 50:0 leverage will cost us $500 and return the same amount if our speculation is correct. However, a 100% leveraged trade would only cost us $100 but return twice as much!

– Lastly, traders should always think about their risk tolerance levels when deciding how to invest in Forex trading. Some people are willing to take on more risks than others; they may want to use higher amounts of leverage, for instance, or commit larger sums of money upfront.

We’ve now discussed different strategies for maximizing profits while investing in the Forex Market. For more, you can visit the official site of Forex Trading SA.

 

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Forex

The Correct Essence of Cryptocurrency Exchange

At present, the global economy is just moving to the point of a complete digital ecosystem Thus from all things like money transferring to making investments everything happens paperless. In the scenario, cryptocurrency is the most standard addition in the genre of digital mode of payment. Cryptocurrency is indeed the best medium of exchange when it comes to financial transactions. It is a popular exchange medium like the normal USD currency and the currency is mainly designed for the exchange of perfect digital data. Here you have the best reasons to show the reasons cryptocurrency becoming so popular in recent times.

Cryptocurrency Financial Transaction

You must know the details of the Cryptocurrency Exchange, and here the financial analysts will sit to define the term cryptocurrency as a procedure of a certain level that can be used for enforcing and executing double party contracts on several commodities like automobiles and real estate. Moreover, the cryptocurrency ecosystem can even be used to make easy the specialist transferring methods. In the conventional method, cryptocurrency is the kind of business dealing involving the legal representatives, the brokers, and the agents. Their involvement will add to the greater cost and too much congregation can make things complicated even in the mode of direct transaction.

Things Involved in the Process

There are more things involved in the exchange process and these are brokerage fees, paperwork, commissions, and the other special and applicable conditions. In addition, there is the cryptocurrency form of transaction where you can get to experience the one-to-one affair that can take place on the peer-to-peer structure of the networking process. Things here will lead to better clarity in the setting up of the perfect audit traits, the kind of greater accountability, and less confusion in matters of making payments.

Making the Transaction Happen

The transaction can take enough bites in case of the asset and the person mainly in case of a significant transaction that can happen every month. However, here you have the role of the data miners and they can perform the number crunching which will help generate various types of cryptocurrencies, and here you have the chance to get the compensation from the involved network, and here you even have the applicable transaction fees. In this case, one may have to pay the amount of the external fees and engage in the services in case of the third-party management service to help maintain the cryptocurrency wallet.

Better Mode of Transaction

Under the credit and the cash system, you can take better help of Cryptocurrency Exchange, and here you can take account of the complete transaction history. Here you can refer to the document in the case of the bank and the credit agency and you have to refer to things while making a transaction. At the simplest level, it may include a check-in case of the account balances and this will make sure the availability of enough funds. However, in matters of cryptocurrency, the transaction should happen between both parties giving form to the unique exchange and here the terms can be better agreed and negotiated.

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Forex

How to choose the right forex broker for you

choosing the right broker

Even though retail trading performance is influenced by a multitude of factors, choosing the right broker is an important decision each trader needs to make, at a very early stage. That determines whether ultimately, the end-user gets access to features and tools which help deal with market volatility successfully. Given the importance of this decision, highlighting some of the most important variables worth considering is appropriate, especially now when many new retail traders are joining the industry.

#1 Reputation

When personal finances are at stake, there is no time for risky experiments. Traders should not work with a forex broker with a limited track record, but rather with one who has many years of experience and in this time has managed to accumulate awards, positive feedback from customers, and other achievements.

The broker’s reputation is an early indication of how much that company is willing to work in order to ensure optimal conditions for its customer base. Also, if a broker has been in the industry for a long time, there should be limited doubts regarding reliability since scammers generally tend to disappear fast.

#2 Regulation

Regulation for brokerage houses further reinforces the trust in the services provided, given there is a public authority supervising and making sure all licensed brokers comply with the highest financial standards. Traders should always work with a regulated broker since only those companies have proven they honor their commitments.

Brokerages operating offshore or in less-regulated jurisdictions are not transparent and on top of that, not as competitive as the leading brands. There should be no concessions made concerning regulation. Details on this matter must be provided on the brand’s website.

#3 Diversified services

Given many trading opportunities emerge across a broad range of asset classes, the services offered by a suitable broker should be diverse. Global stock markets, commodities, ETFs, bonds, or currencies can all be active, and using CFDs or other derivatives, it is possible to take advantage of price movements in the short term.

Also, diversified services mean forex trading app download options, advanced trading software, built-in tools and features, and other resources which can support traders when making difficult decisions.

#4 Customer support and education

Technical difficulties or other trading-related issues can arise and when they happen, professional customer support can ensure quick and accurate solutions. Reliable brokers have dedicated customer support teams, some of them offering multi-lingual support thanks to their global coverage.

Additionally, the provision of educational resources can make a difference, especially for traders who are still in their early stages. Finding all the necessary data in one place can save a lot of time with trial-and-error attempts. Due to increased competition in the brokerage industry, most large companies are constantly upgrading their educational pack, for the benefit of the customer.

On top of these 4 features, choosing the right broker can be based on trading costs, payment methods supported, or geographical restrictions. Each trader should analyze all options carefully and come up with a decision that is beneficial in the long run.

Source: marberappartementen.com/advantages-of-online-trading/

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Forex

Is Equiti Metatrader4 Your ForexTrading Platform?

Forex trading is the change of one currency into another. Traders make profits by taking advantage when one currency rises in value and sell it. There are different platforms that enable these currency conversions to take place and, one of the most commonly used platform is called Metatrader. This is software that was released about 15 years ago to provide an online platform for forex trading. It usually connects a trading system and a trader’s mobile phone or computer, making it popular among its users since you can carry out all your trading activities anywhere.

One of the main reasons traders prefer the metatrader platform is because, once it has been downloaded to the mobile phone, it does not affect the speed of the mobile device. Traders also feel safe on this platform as it enables them tomonitor the market trends. This means that the traders are in a position to make wise decisions while trading.

The most popular metatrader version is called the Metatrader4 (MT4) which is provided by one of the best global brokers, The Equiti Group. Users are confident in this system as it allows them to track on-going trading activities wherever they are, since the app can be downloaded either to the personal phone or computer. The close monitoring is a great way to reduce the losses attached to online trading.

Why choose the EquitiMetatrader4?

The Equiti system has been tried and tested to offer a wide range of services and also handle the large number of online traders flawlessly.This system is the simplest to navigate through and to carry out trading activities as it directly connects the traders and the market and therefore no need for middlemen.

See the link https://www.equiti.com/platforms/metatrader-4/ explaining why Equiti MT4 should be your platform of choice.

Diverse trade products

The Equiti Group is best known for trading in different items which include shares from well-known markets including The US, UK and EU. This provides a wide range for you to choose from. They also trade in high-value metals. This means that they trade in highly valued commodities and this increases your chances of earning higher profits. The Equiti Group also trades in CFDs, which stands for the contract for difference. Where the traders buy units of a particular financial instrument which can be sold depending on how they are trending in the market.

Charting

The traders are provided with information by The Equiti group to enable them make the best trading decisions. From the information provided, the trader is able to decide on the commodities that are trading well and thus decide on which one to trade on.

Easy app installation

The Equiti metatrader4 app can be installed on either your computer or mobile device. This feature is highly advantageous as it enables the trader to trade and monitor the market activities from wherever they are.

Informative

Equiti provides a wide range of information that is essential to the traders. Equiti carries out extensive research and allows the traders to make informed decisions concerning the markets and commodities of trade.

What are the opportunities in trading?

It is important to note that trading has provided a wide range of opportunities which include working from home which means that as you continue to search for better employment opportunities, you can download the Equiti MT4 app and make profits at the comfort of your house. Besides that, online trading is a great opportunity for you to reduce your expenses by having an extra income.

Are there any risks associated with online trading?       

One of the greatest risks that traders may suffer is gaining lower profit margins than anticipated. The returns might be lower than the money invested and this might lead to demotivation. But, this can be curbed by closely monitoring the movement of trading commodities. However, this is not guaranteed.

Conclusion

The most important way to ensure that you make high profit margins as an online trader is to make sure that you are enrolled with the best service provider. The Equiti Group providesplatforms like the Equiti MT4 with the best app features that will protect your investment and sustain your growth.

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Forex

Review of PrimeXBT Exchange

Overview

  • Legal Name: PrimeXBT Exchange
  • Headquarters: Beau Vallon, Seychelles
  • Owner: PrimeXBT Trading Services
  • Year Founded: 2018
  • Exchange Type: Centralized
  • Trading Fees: Maker: 0.05%/ Taker: 0.05%
  • Deposit Methods: Credit cards, Cryptocurrency
  • Supported Cryptos: Bitcoin, EOS Token, Ethereum, Litecoin, and Ripple
  • Fiat: Not Supported
  • Customer Service: Email
  • Trading Options: Spot Trading, Margin Trading

Cryptocurrencies are becoming more and more popular over last few years, as well as the demand for credible and good platforms for trading with crypto. With every new channel that emerges, the bigger the competition for the attention of the user.

Some platforms manage to succeed and others fail very quickly. A super famous platform for crypto is PrimeXBT.

We will go over all aspects of it like the trading, the fees, the features, the supported currencies and a lot more. Let’s get this review of PrimeXBT Exchange started!

In this Article:

  • What exactly is PrimeXBT?
  • Features
  • Fees and Limits
  • Supported Currencies
  • How to register?
  • How to recover your password?
  • Covesting Module
  • How to make a deposit?
  • How to withdraw?
  • Pros and Cons of PrimeXBT
  • How to buy cryptocurrencies?
  • How to sell cryptocurrencies?
  • Mobile App
  • Conclusion
  • Recent Updates
  • Ratings
  • FAQ’s

What exactly is PrimeXBT?

Prime XBT is a website providing Bitcoin-related exchange for trading. It was established in 2018 in the Seychelles. From then on, Prime XBT has been growing very rapidly and has won over customers from 150 countries.

Prime XBT is full of valuable trader resources which are great if you are a beginner or a middle-level trader. You will be able to access the site in 6 languages: English, Spanish, Portuguese, Korean, Chinese and Russian.

Features

1) Leverage: This is one of the features that many advanced traders usually search for, but a lot of websites offer a super limited one. PrimeXBT is better than the competitors, because it has available a 1:100 leverage

2) Asset Coverage: This is a very exciting feature. Traders on the platform can exchange a big range of markets with the help of Bitcoin as leverage – those include cryptocurrencies, commodities Forex (FX), and index.

3) Fees of PrimeXBT: The platform has competitive fees. They are 2 types – the trade and the overnight fee. They are constant – 0.05%.

4) Security: The coins on this platform are kept in a cold storage which means that they are super secure since they are not online and could not be hacked.

5) Customer Support: The most effective and quick way to contact customer support when you need it is via the live on the platform. It is available 24hours a day, 7 days of the week. You can also receive support via email.

Fees and Limits

There are 2 types of fees on PrimeXBT: a trade and an overnight fee. The former is 0.05% and it is paid every time you sell or buy on the market. The latter could vary depending on the liquidity of the cryptocurrencies.

There is no deposit fee. The platform takes a small Bitcoin network fee which is taken from your account when you decide it is time to withdraw from the exchange the Bitcoin. It is then calculated taking into account the blockchain load. This has been set on the platform at 0.0005 BTC.

Supported Currencies

The currencies available for trading are the following:

  • Bitcoin
  • Ripple
  • Litecoin
  • Ethereum
  • EOS Token

There are no withdrawal currencies and fiat deposits on PrimeXBT. Keep in mind that in case of a permanent contract, you will be allowed to use crypto/fiat pairs.

How to register?

Step 1: Go to the website and find the page for registration.

Step 2:  Type your email and a good password.

Step 3: You have the option to also give your phone number. After that you have to agree with the Terms and Conditions

Step 4: Click the ‘Register’ button.

Step 5: Check your email to see the 4-digit code and confirm your registration.

How to recover your password?

In case you ever forget your password, there is an option to reset it. Go to Password Recovery and type your email. You will receive a link and instructions on how to create a new password.

Covesting Module

Covesting allows the users to share their results with other people from the public and have a competition. Traders can monetize their skills by taking payments from their followers, based on performance. It is an excellent second income. The bigger the number of followers, the larger the amount of cash.

Covesting allows traders to copy the behavior of others on the platform. In this way you will be experiencing the same returns the copied trader.

How to make a deposit?

Step 1: Log in and go to the Deposit page.

Step 2: There are 2 options for deposits on this platform – Direct BTC deposits and Alternative Deposits.

Step 3: Copy your wallet address.

Step 4: Then you have to paste it into the field from which you sent funds

Step 5: There is an option to also use the QR code to after that paste the address.

How to withdraw?

Step 1: Log in and go to the Withdraw page.

Step 2: Look for the withdrawal address that you want to use, or type a new one.

Step 3: Type the amount of BTC for withdrawal.

Step 4: Click ‘Submit to withdraw’.

Step 5: Open you email and confirm it.

Pros and Cons of PrimeXBT

Pros

  • The fees and the conditions for trading are competitive
  • Crypto asset leverage that is up to 1:100.
  • You can do Credit Card deposits
  • You can take advantage of the Referral System
  • They are also Anonymous Accounts

Cons

  • You cannot start with a demo account like some other platforms
  • It is not available in the USA and Canada
  • It is Not Regulated
  • You can receive support only via Email

How to buy cryptocurrencies?

Step 1: Log in and go to the ‘Trade’ tab

Step 2: In the Chart field choose the desired pair for trading and the order size

Step 3: Click on the ‘Buy’. A ‘New Order’ window will appear.

Step 4: The box that opens will ask you to type the amount, order type, and price.

Step 5: Once this is done, you can click ‘Send Order‘.

Step 6: After that you will be able to view the position in the ‘Positions’ tab which is located under the chart.

How to sell cryptocurrencies?

Step 1: Log in and go to the ‘Trade’ tab

Step 2: In the Chart field choose the desired pair for trading and the order size.

Step 3: Click on “Sell”. A ‘New Order’ window will appear.

Step 4: A box will open and ask you to type the amount, order type, and price.

Step 5: When you are done, click  ‘Send Order‘.

Mobile App

PrimeXBT is available on the Apple Store and on the Google Play Store. The app is super advanced and it is a great way to use PrimeXBT on the go. There is still no PrimeXBT APK file, but you can download the app from the Google Play Store.

Conclusion

If you are currently on the lookout for a platform that offers a leveraged cryptocurrency exchange, has advanced technology, reasonable and clear fees, and that is highly secure, you should try out Prime XBT. Given all the aspects that you have already read, it might be a good choice for you.

PrimeXBT has stood out in crowded cryptocurrency trading space. It is very simple to use, has excellent leverage, low commissions and tight spreads.

Ratings

  1. Overall:                       4
  2. Easy to use:                4
  3. Trading:                      4.5
  4. Fees and Limits:         4
  5. Registration:               4

FAQs

PrimeXBT – How does it work?

It earns from commissions which are charged to users when they make transactions or withdrawals. If a trader decides to withdraw BTC there will be a fee of 0.0005 BTC. Deposits could be received free of cgarge.

How to create an account on Prime XBT?

Click on the ‘Register” button that is at the top right corner and type the necessary information.

Are there margin trading or leverage on PrimeXBT?

Yes, there is 1:100 leverage for the available cryptocurrencies, indices and commodities and 1:1000 leverage when it comes to Forex.

Where are the headquarters of Prime XBT based?

They are in the Republic of Seychelles.

Is MetaTrader available?

No, there is only the Prime XBT platform.

Can I use PrimeXBT if I am in the USA?

No, you won’t be able to use it.

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Forex

5 Best Forex Signals Providers for 2021

Despite the ongoing pandemic, the forex market has managed to stay strong. It still provides income for millions of individuals and businesses across the globe and allows newcomers to get in on the action without too much investment.

However, becoming a forex trader requires some guts.

According to a study conducted by AMF, making a living off trading requires a lot of hard work and patients. During the first 3 years, only around 11% of forex traders manage to make a profit. Yes, you read that right. Basically, 9 out of 10 traders don’t profit in the first 36 months.

If you don’t want to wait 3 years to make some money, you need all the help you can get.

That’s exactly why we’re here today. We’re going to try and make trading easier for you by discussing the importance of forex signals. You’ll find out why should you use them, how to do it, and who provides the best forex signals. Without wasting any more time, let’s go…

Are Forex Signals Worth Your Time?

First, a basic question that’s certainly cross everyone’s mind by now: are forex signals worth the time and effort? Will they give you what you’re looking for without spending too much time and effort? You need a learning tool that will give you a good return on your investment after all.

For starters, yes, forex signals are definitely worth your time. Their success rates make the case for them. Most have success rates between 20% and 40% while the best forex signals (https://forexrobotnation.com/15-best-forex-signals-tested-reviewed/) have success rates of between 80% and 90%. That means, at least 8 out of 10 signals are profitable.

 Who can have more use out of forex signals? New or experienced traders? Both actually:

  • Beginners can use forex signals to speed up the learning process and to make money while they’re still figuring things out, early in their career.
  • Experienced forex traders can use signals to master new strategies, styles, and tools of the trade and to get an idea of what’s possible outside their usual asset scope.

What Forex Signals Services Offer?

To make money using forex signals, you need to act upon them within a certain timeframe. That’s because the market is extremely volatile. If you miss the opportunity to make a trade, the market will move on and the signal you got will be useless.

How can forex signals help you make a profit? What do forex signals services offer to their users? The best forex signals providers out there – both paid and free ones – offer many trading elements, including:

  • An exact level of entry, stop-loss, and exit positions
  • Comments and analysis advice to support the signals
  • Knowledgeable customer service agents with trading experience
  • A gain/loss transaction history for long-term users
  • Success rate verified by a 3rd-party service

That’s just the start. Most services have a lot more to offer, so this isn’t complete by any stretch of the imagination.

5 Best Forex Signals Providers for 2021

There’s a huge number of forex signals providers in the marketplace, some of them are completely free, others require you to pay to use them. But which one of them will suit you? Let’s find out now. Here some of the most popular providers out there today…

1.   1000pipebuilder.com: 10 Years of Experience in Trading

This premium signals provider was originally established by a forex trader by the name of Bob James. Mr. James has dabbled in forex trading for more than a decade before establishing 1000 Pipe Builder and worked in financial situations across the United Kingdom. His London-based company is focused on traders working in the EU, US, and Asian financial sectors. They provide 24/5 coverage, give access to multiple fintech instruments, and costs $97 monthly.

2.   ForexSignals.com: Serving More than 83k Active Traders

The second spot is reserved for Forex Signals, another large forex community with more than 83,000 users across the globe. Collectively, people behind the community have more than 50 years of experience in the forex market. The service was originally launched in 2012 by Nick McDonald who noticed a lack of community-based resources in the industry. He took action and created the service before you.

3.   Etoro.com: The Biggest Social Network for Traders

Admittedly, the fact that we featured eToro on our list probably won’t come as a surprise to anyone with any knowledge of the forex market. The company aims to simply forex trading by allowing traders to interact with each other, copy each other’s styles, and learn in the process. They offer CopyTrader, a popular feature that allows traders to see what others are doing in real-time and do the same as quickly as possible.

4.   Autochartist.com: More Than 1k Monthly Trading Opportunities

AutoChartist gives you access to technology for monitoring hundreds – if not thousands – of tools and instruments across the stock, commodities, futures, and forex market. You can monitor any of these markets on an hourly or daily basis. That allows you to make timely trades and cash in on trends in minutes if you want. They give their clients more than 1000 trade opportunities per month across all markets.

5.   MQL5.com: Social Trading and Trading Signals on the MT5 Platform

Last but not least, we have MQL5 the homepage of the MT5 platform. MQL5 gives a verified space where traders of all knowledge levels can share their trading ideas with others. They are great for people looking for learning opportunities. One of the most popular categories on the platform is the “for under 50 USD budget” where newcomers exchange ideas and learn from the more experienced traders.

The Bottom Line

Those are the providers of the best forex signals you should try in 2021. Whether you’re just starting, or you’ve clocked in thousands of hours in the world of trading, these platforms got something for you. How to know which one will suit you? That depends on a number of factors. Discussing that would take too long, so advise you to try them out for yourself and then decide.

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Forex

Investing in Defensive Stocks

A defensive stock refers to a stock that offers a constant dividend and stable profits. They are called defensive stocks because they provide those mentioned benefits regardless of the condition of the overall stock market.

There is a constant demand for their products, these defensive stocks usually remain stable during the different phases of the business cycle.

Defensive Stocks for Investors

Defensive stocks typically outperform the broader market in times of market downturn or recessions. On the other hand, during the expansion phase, they usually perform below the market average.

The strength of the defensive stocks has something to do with their low beta, which is their relative risk or performance to the market.

Investors like to invest in low-beta, defensive stock when they expect a market downturn is expected to happen.

On the flipside, when the market is expected to run bullish, active investors often select stocks with higher betas in hopes of maximizing the returns.

Utilities

Some examples of defensive stocks include water, gas, and utilities because people need them and people will always buy them during all business cycle phases.

Utility companies are also thought of as benefiting from slower economic environments because the interest rates are usually lower and their competition to borrow funds is much lower.

Consumer Staples

Companies that manufacture or distribute consumer staples, which are products that consumers tend to buy out of necessity regardless of economic conditions, are also largely considered as defensive stocks.

They include food, hygiene products, tobacco, beverages, and certain household items.  These businesses have steady cash flow and predictable earnings in times of strong and weak economies.

And because of that, their stocks usually outperform non-defensive or consumer cyclical stocks. These products, however, underperform non-defensive stocks during strong economies.

Heath Care Stocks

Historically, the market has considered the stocks of major pharmaceutical companies and medical devices manufacturers as defensive stocks.  The logic is simple: no matter what the phase of the economic cycle is, there will always be sick people.

However, because of the higher competition from new branded and generic drugs, as well as the uncertainties that surround drug price regulation, these health care stocks are not as defensive as they have been once.

Apartment Real Estate Investment Trusts

Apartment REITs are also considered defensive. As you may guess, people will always need homes and shelters.

Additionally, REITs are required to pay at least 90% of their taxable income in the form of shareholder dividends every year.

When searching for defensive stocks, stay away from REITs that mainly invest in ultra-high-end apartments, as well as office buildings REITs and industrial parks REITs. These could see defaults on leases when the economic is not doing well.

Why Invest in Defensive Stocks

Investors who want to protect their portfolios during an economic downturn or times of high volatility may increase their exposure to defensive stocks.

Apart from the steady cash flows, these companies sport strong operations with the ability to survive weakening economic conditions.

Most of them also pay dividends, which can have a protective, cushioning a stock’s price during a market downturn.

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Forex

Finetero Review –Forex Trading with an International Brand

Overview

Finetero is an online trading platform which specializes in providing access to trading instruments based on forex, indices, commodities, stocks, and cryptocurrencies. It was established in 2018 and since then it has managed to achieve consistency in providing high-quality trading services for customers based in more than 150 countries.

As an international trading brand, Finetero offers a robust trading system for both beginner and advanced traders. It relies on infrastructure optimized for high-speed and accurate trading execution, while also offering great customization features.

No concessions are made in terms of security, given the powerful infrastructure is powered by Amazon AWS. Continuous R&D investments led to the development of efficient trading software and is a testimony of serving the clients’ interest all the time.

Alt-text: Finetero logo

Main Features

Trading with Finetero means access to a multitude of trading features and traders with different styles and objectives can find the right mix of tools and benefits suited for their trading regime.

  • Finetero Assets – customers can trade a broad range of products, having the ability to diversify with FX, stocks, indices, commodities, or cryptocurrencies, all in one place and with competitive trading costs.
  • Trading Platforms – Finetero relies on proprietary software and in doing so, it manages to offer a unique trading experience. On desktop, laptop, or mobile devices, via a web-based software platform, traders can get involved in the markets and benefit from flexibility, trading efficiency, and accuracy.
  • Trading Tools – customers have access to Trading Central Daily Newsletters and Premium Signals, as well as to other useful trading tools such as forex price charts, index price charts, cryptocurrency price charts, and others.
  • Account Types – Bronze, Silver, Gold, Platinum, and Premium are the account type options currently available at Finetero. Starting to trade will require a minimum deposit of €200, but the brand recommends a Bronze account starting at €1,000 for better risk management.
  • Education – private trading sessions, access to the event room, VIP services, market news, TipRanks, and an economic calendar are useful resources worth mentioning. All are part of Finetero’s mission to promote education and responsible trading.
  • Customer Support – the Finetero team is committed to providing 24/7 customer service. For all questions, security issues, product-related inquiries, and business proposals, people can reach an agent at support@finetero.com.
  • Security – there are multiple security features used by the brand to ensure maximum protection for client data and funds: 2FA, mandatory Bitcoin address whitelisting, hardware security modules, encrypted SSL, Cloudflare, Amazon Web Services hosting and more.

Alt-text: Finetero trading features

Asset Coverage

One of the main benefits is forex trading with Finetero, given there is coverage for tens of different currency pairs, including majors, minors, and exotics. The brand offers competitive spreads, fast execution, and multiple execution modes, so traders are able to tackle the market’s volatility.

Forex trading is once again trending among retail traders and because of that, Finetero is paying close attention to the trading conditions available. Its customers can trade volumes as low as 0.01 and with up to 1:200 leverage.

Increased activity across all financial markets means traders need access to a diversified set of assets. At Finetero, they can benefit from a broad range of stocks, commodities, indices, and cryptocurrency instruments picked with care, so the coverage is focused on popular assets. It is important to note that trading conditions are also influenced by the account type chosen by each customer.

Trading Platforms

Traders get to choose from three different platforms currently available at Finetero. First, there is the popular MetaTrader 4, which is the desktop installable platform. Second is the Finetero WebTrader, which can be accessed from any device via a browser.

Third, the Finetero mobile platform is optimized to work on smartphones and tablets, regardless whether the operating system is Android or iOS. With these three platforms, the brand makes sure that its customers can keep track of the markets all the time, regardless of their location.

Alt-text: Finetero mobile trader

Pros

  • Access to online educational resources
  • Variable spreads starting at 0.1 pips
  • STP/ no dealing desk and reliable security measures.

Cons

  • Dormant fee of 100$ applicable for inactive accounts for more than 45 days
  • Auto trading software fee
  • Limited trading benefits for Bronze accounts.

The bottom line

Given the multiple awards it has already received, combined with the fact that customers from more than 150 different countries are working with it, Finetero represents a trusted online trading platform. There are many benefits traders can take advantage of, but it is important to keep note that these are dependent on the account type chosen. However, there is no reason to believe the brand is not working on behalf of customers. The evidence suggests Finetero is a reputable platform with plenty of advantages.

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