Technical Analysis - Crude Oil (2018-03-30)
Crude oil is now in the resistance area. From the Daily chart, we can see that this pair has created a double top and got the bearish sign in the resistance area. Now the price is on retrenchment. If it gets a bearish sign in the retrenchment area, hopefully, it will go down to the support. Previously also this pair went down from this area after getting bearish confirmation. The Weekly chart also shows that the price is now in the retrenchment area. We can notice a bearish sign there. Now the pair might go down.
Technical Analysis - GOLD (XAUUSD) (2018-03-30)
The GOLD price has got doji candlestick confirmation in a support area and after that a bullish candle. The pair was on a downside movement previously. Now the price needs to retest the support in the H4 chart. If it gets a bullish sign in the retesting area, it might go up. Or the price might break this support area. If it successfully breaks this support, then it will go down to the next support. We should not take any entry in this pair now.
Technical Analysis - EURUSD (2018-03-30)
EURUSD price is now following the uptrend (from the Weekly chart). The price is moving up for a long time. It has broken very strong support become resistance level in the long time frame. Now the pair is on retrenchment. If it gets a bullish sign in the retrenchment area, it might go up to the resistance level we have marked. Besides, the Daily chart shows that the price had created a double top and went down. Now it is again going up. Hopefully, the pair will go up to the next resistance level.
5 Main Characteristics of the Currency Futures Markets
Currency future is also known as forex futures or foreign exchange futures and is essentially a futures contract to buy or sell a specified amount of a particular currency at a set price and date in the future. Majority of the most popular futures markets are based upon currencies and are offered by the CME (Chicago Mercantile Exchange). There are various currency pairs offered for trading via futures contract and include: EUR - The Euro to US Dollar currency future, GBP - The British Pound to US Dollar currency future, CHF - The Swiss Franc to US Dollar currency future, AUD - The Australian Dollar to US Dollar currency future, CAD - The Canadian Dollar to US Dollar currency future, RP - The Euro to British Pound currency future, RF - The Euro to Swiss Franc currency future among others. Currency futures are in essence traded the same as all the other futures markets like index and commodity futures markets etc. Currency futures shift in increments known as ticks, and each tick movement has a value. The number of ticks made or lost on a trade determines the loss or the profit of the trade. The trader must have a set minimum amount of capital in their account to open a currency futures trade called the margin. There are several currency futures contracts to trade, and the specifications for each should be checked on the exchange website before trading it. Here are the 5 key characteristics of the currency futures markets: 1. Traded via Exchanges Currency Futures are futures contracts based upon currencies and have some significant differences from forex which is basically the currency markets. The main differences are whereas currency futures are traded via exchanges such as the Chicago Mercantile Exchange (CME) currency markets are traded via currency brokers. Currency markets are thus not as regulated as the currency futures. Currency markets are thus prone to some setbacks like currency brokers can trade against their clients and the pricing is also not centralized and is determined by the particular brokers although the minimum amount is set by the exchanges. 2. Only Trade in One Contract Position Size Currency futures trade in one contract size and so traders must trade in multiples. On the flip side, currency markets are advantageous in that it is much more flexible and allows the traders to access high leverage and trading in very specific position sizes. For example, buying a Euro FX contract means the trader is in actual fact holding say 125,000 Euros. In the actual forex market, a trader can trade in multiples of $1000, and can, therefore, adjust their position size to a much greater degree. 3. Settlement/Delivery is Usually in Cash and in the Underlying Currency Currency futures are based on the exchange rate of a currency pair and are settled in cash in the underlying currency. For example, the EUR futures market is based upon the Euro to US Dollar exchange rate, and its underlying currency is Euro. In the example above, When an EUR futures contract expires, the holder receives a delivery of $125,000 worth of Euros in cash and this only happens when the contract expires except for day traders. 4. Trading is for Speculation Day trading and a person trading currency futures for speculation/profit earn a profit based on the price difference between what they buy the contract at and the price they sell it at. It is also possible with futures, to first sell and then buy later and make a profit if the price drops. The profit on a trade in the currency futures is calculated as the difference between the entry price and exit price (in ticks), multiplied by the tick value, and multiplied by the number of contracts taken on the trade. For example, assume a trader buys a Euro FX contract at 1.2525 and then sells it at 1.2545. The difference is a 20 tick profit, and each tick in that contract is worth $12.50. Therefore, the profit is $12.50 x 20 and finally multiplied by the number of contracts the trader had acquired. Each currency contract may comprise a different tick value and it can be checked on the exchange website (CME). 5. Trades With a Margin The margin in Currency futures refers to the amount of money that the trader must have in their account in order to open one contract trade. This is different from currency markets margin/leverage in stocks or the underlying currency market. Final Word We hope this guide has offered you some valuable insights on currency futures trading.
5 Common Types of Financial Swaps
A swap is an act of exchanging one thing for another. In finance, swaps are derivatives wherein two counterparties exchange financial instruments. The swaps can involve an exchange of a series of cash flows of one party’s financial instrument for those of the other party’s financial instrument over a specific period of time. Swaps are mutual agreements that are easy to design and customize over the counter. They offer great flexibility that leads to many swap variations with each serving a given purpose.
5 Key Benefits of a Robo-Adviser
Robo-adviser is an automated online wealth management service or a class of digital online financial institutions that offer financial advice or investment management tips online with minimal human intervention. The algorithms are executed by software to allocate, manage and optimize clients’ assets. Being online, however, does not make it less effective and ideal financial institution as it has almost all the aspects of the physical human involvement.
6 Key Factors to Consider Before Making a Private Equity Investment
Private equity refers to investments funds structured as limited partnerships that are not listed on a public exchange and its investors include large institutional investors, wealthy individuals, and university endowments.
8 Best Stock Investment Apps for Beginners
Investing is a daunting task and sometimes could be confusing especially for a beginner. In the past, an investment process began by making a call to a brokerage firm to obtain an advisor who would advise the investor throughout the process. However, the technological advancement has made it easier for beginners who want to start trading. Now, they can just download an app on their PC or Smartphone and use it to trade securities. Different apps offer automation, low cost and high-security measures to make investing easy and exciting for all. Here are 8 best investment apps to download and use to invest in stocks: 1. Stash Stash lets the investor trade with as little as $5. It recommends a collection of investments based on the investor profile details as well as such factors as managed risk, low fees, and historical performance. It also has tips and articles to help the user scale up their investment know how each time they access the account. 2. SigFig SigFig is yet another interesting investment app. It has investment tools that can track, manage and maximize the investor’s portfolio. It also allows users to manage their entire investment through the app. Users can receive latest market news and statistics on relevant companies. 3. Yahoo Finance Yahoo Finance app allows users to synchronize portfolio and quotes across different devices track commodities, stocks, currencies and more. It has an easy to navigate user interface and the users can easily conduct a quick stock check and allow push notifications to get instant updates which help them make informed investment decisions. 4. Acorns Acorns is yet another investing app for first-time investors. It allows investors to invest their balances where it rounds up investors’ regular purchases on credit and debit transactions linked to it every day. App instantly trades with the remaining balance into a diversified portfolio of index funds chosen by Harry Markowitz. It is an easy, quick and automatic way to invest. It charges a percentage of the user account balance as a monthly service fee and thus the user should avoid leaving a lump sum amount in the account over a long period of time. 5. Stock Market Simulator This app gives the investor the ability to attempt trading before they make an actual trade. Users can play with a simulated model of the real market by investing virtual funds before they can start the real trading process. It is a good way to get a dummy account that lets an investor learn how stock market work without using actual money. 6. TD Ameritrade This app is by TD Ameritrade which is one of the largest brokerage firms in the US. It focuses on the essentials of investing such as streaming quotes, real-time balances, mobile access to trading, fund transfers, and getting latest news and market research reports. It has a Snapstock feature which allows users to snap a barcode or a picture on any item to get the company name ticker symbol and stock quote as well as related news and visuals. 7. Stockpile This app allows the user to trade but also to gift single shares of stock or rather purchase fractional shares with as low as 99 cent trade fee. This allows the investor to buy fractional shares of high-valued stocks such as Google, Amazon and Berkshire Hathaway without spending $1000 or more per share. It is also a great app for kids’ teens and family because it allows the investor to buy and gift shares of stock. 8. Robinhood Robinhood app allows an investor to trade US-listed and OTC securities such as in stocks, options and ETFs for free. Robinhood account gives an investor an access to instant deposits. Key Takeaway Investment apps have helped automate the investing process and first-time investors can obtain massive benefits from using them.
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