Learn About Forex Demo Account

The demo account (or we can say DEMONSTRATE a/c) is actually a platform for demonstration of all your theoretical knowledge. We might have learnt numbers of patterns, charts, indicators and many more analytical tools. However, as a beginner or an experience Trader, one cannot apply all these theory directly on Real Account and risk all the money.

Thus, Demo Account is an interface/platform where the user gets the same feelings, emotions and practical knowledge that he is getting in real account. Our Team suggest all the beginners to start trading with Demo Account for few days and then switch to real account.

Why To Start With Demo Account?

If you are beginner, then its really important to start trading with demo account for the following reasons:

• Demo Account doesn’t involve real money.
• Freely learn to place orders, follow the entry levels.
• Demo Account provides equal opportunity to use all the indicators as that of real account.
• May face and analyse the fundamentals of market without loosing any real money.
• Its a good practice platform.

What NOT to do with Real Accounts?

Well, as demo account is really helpful for all your learning purposes but the following things should be noted before starting with your real account.

• Capital Management. As demo account involves virtual money, traders makes an habit of trade with bigger lot size on real account also. Money Management is really important factor when you switch from demo a/c to real a/c.
• Risk Analysis. When you trade with demo account you are in risk free zone as you have nothing to loose but with real account Risk Analysis is important part of trading.
• Its really not necessary, if you are good in demo account then you will surely get good profits in real account. You may need expert Analysis or a good research team with good signals.

All the above qualities are being taken care in Equidious Research.

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Trading is an art of making handsome amount.

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Forex Insights-20-Sept-2018

EUR/USD:

Headlines: Euro dwells in the tight range in lack of fundamental impulses

• Euro is trading on the upside while remaining trapped within the tight range at around key level as lack of fundamental data see German Bundesbank President Weidmann speaking as a major headline of Thursday.
• EUR/USD appears consolidated in the near term, while further upside is poised to face formidable resistance above 1.1700 the figure for the time being.

GBP/USD:

Headlines:Sterling moves higher after UK retail sales rise above expectations

• Sterling is trading on the upside ahead of the UK retail sales report and the unofficial European summit on Brexit in Salzburg.
• The Uk retail sales rose above expectations on both total and core retail sales basis in August pushing Sterling above key level.
• Sterling rose to a fresh multi-week high after UK inflation rose above expectations in August, but the news of the UK Prime Minister set to reject EU Irish border proposal saw Sterling retreating lower on Wednesday.
• The correction out from the 2018 low has accelerated, with the market pushing through critical shorter term resistance at 1.3000, while trying to set up a higher platform around 1.2800 along the way.

USD/JPY:

Headlines: USD/JPY on the defensive, but holds above 112.00 handle

• The USD/JPY pair traded with a mild negative bias for the second consecutive session, albeit has still managed to hold above the 112.00 handle.
• Rallies continue to be very well capped, with the medium-term outlook still favouring lower tops and lower lows. Look for a daily close back below 109.75 to strengthen the bearish outlook, opening the door for the start to a move back down towards 108.00 which guards against the 104.60 area 2018 low.

CRUDE OIL:

Headlines: WTI consolidates around $ 71, focus shifts to OPEC + meeting

• WTI (oil futures on NYMEX) has entered into a phase of consolidation near two-week tops of $ 71.34, as the bulls await fresh impetus for the next push higher.
• Iran’s Oil Minister Zanganeh was on the wires last minutes, speaking about the output policy ahead of the OPEC+ meeting in Algiers this weekend.
• Oil at $80 per barrel is a suitable price.

GOLD:

Headlines: Gold edges lower, but holds above $1200 mark on softer USD

• After an initial uptick to fresh weekly tops, gold prices turned lower and eroded a part of previous session’s goodish up-move.
• Spot prices inched higher on Wednesday and jumped back above the key $1200 psychological mark, shrugging off a strong rally in the US Treasury bond yields.
• Fails to capitalize on overnight up-move, despite retracing US bond yields.
  •  Risk-on mood/Fed hike prospects seemed to collaborated towards capping.
  •  The prevalent USD selling bias helped limit any immediate sharp downside.

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Impacts of Trade War

Traders are struggling to place trade concerns into a coherent narrative. As the instigator of the recent trade tensions with most of its major partners (China, Canada, Mexico and the EU), the U.S. economy could soon see exports take a hit from multiple directions. From another perspective, the U.S. economy is outperforming most of its global peers and therefore may be best situated to weather a protectionist-driven economic slowdown.

Currency war, also known as competitive devaluations, is a condition in international affairs where countries seek to gain a trade advantage over other countries by causing the exchange rate of their currency to fall in relation to other currencies. Trade war risks becoming a dangerous currency war as China weakens yuan the most in 2 years

Not only does the threat of a trade war impact the day-to-day of the currency markets, it is also related to a currency war where countries devalue their own currency so exports can be sold cheaper overseas in order to jump start the economy at home. The problem with currency wars – just like trade wars – is that more often than not there are no winners.

The United States’ trade deficit to China no longer seems the top issue in the trade war: A deal for an additional $70 billion in Chinese purchases of US goods was reached after rounds of bilateral negations in May and June. Yet, that didn’t stop US President Trump from abandoning the deal.

For China, it can no longer rely on high growth rates that it enjoyed for decades; the need for industrial upgrading and developing new momentum, such as high-technologies, has become inevitable. In 2017, China announced it had shifted emphasis on quality over speed for economic growth. The Chinese government will support innovations and technologies industries further, as well as promoting the “Made in China 2025” plan.

As the world’s largest economies open up a new front in their increasingly acrimonious game of brinkmanship, the consequences could be dire — and ripple far beyond the US and Chinese currencies. Everything from equities to oil to emerging-market assets is in danger of becoming collateral damage as the current global financial order is assailed from Beijing to Washington. Risk assets and oil prices would likely tumble as worries about growth arise, hitting currencies of commodity-exporting countries particularly hard — namely, the Russian ruble, Colombian peso and Malaysian ringgit — before taking down the rest of Asia.

The present currency war started in January 2010. The problem with currency wars is that all advantage is temporary and is quickly erased by retaliation. Trading partners retaliate with their own devaluations. Currency cross-rates end up back where they started, with costs imposed due to the uncertainties. Not only is the world not better off but it is worse off because of the costs and uncertainty resulting from the currency manipulations. Once countries realize that currency wars don’t work, they turn quickly to trade wars through tariffs and other trade barriers.

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Forex Trading Sessions

The forex market is open 24 hours a day, but that doesn’t mean it’s always active the entire day. You can trade 24/5 between 22:00 GMT Sunday – 22:00 GMT Friday. It’s time to learn about the different forex trading sessions.

What is a ‘Trading Session’?

A trading session is a period of time consisting of one day of business in a financial market, from the opening bell to the closing bell. Within the time frame of the trading session, all orders for the day must be placed, and buyers and sellers both participate in setting current market prices.

There are 4 main forex trading sessions with opening/closing hours based on the biggest financial centers.

When to Trade?

Time is money. For this reason, in the 24-hour forex market, timing is critical. Good timing produces good profits. Yes, but which are the best hours/times to trade?

The hot zone is between 13.00 GMT and 16.00 GMT. This is the time when the London and New York sessions overlap.

What makes these hours powerful?

• Volume- a large number of lots are sold/bought for a particular currency pair.
• Volatility –  the price moves at a great speed.

Because they reach their peak during these hours! During this time, the market is busy with active participants, currencies move very quickly, and the most important economic news is also published in this time period.

Open and close times will also vary during the months of October/November and March/April as some countries (like the United States, England and Australia) shift to/from daylight savings time (DST).

Now let’s look at the characteristics of each of the trading sessions.

Asian Session (22:00 – 08:00 GMT)

• The Asian session begins with the Sydney open (22:00 GMT) and ends with the Tokyo close (08:00 GMT).
• Japan is the world’s third largest forex trading center and even though we call it the Tokyo session, this is not the only busy forex hub during this period. Hong Kong, Singapore and Sydney are active players here, too.
• The most traded currency is the yen, of course, covering 16.5% of all forex transactions.

Now let us have a look at the main features of the Tokyo session:

• Approximately 21% of all forex transactions are carried out here
• Liquidity (i.e. currency sold without causing significant price movements) can be quite thin at times
• Because of this thin liquidity most currency pairs will trade within a range, especially if there is a big move in the preceding New York session
• Most activity takes place at the beginning of the session, as this is the time when economic news is released
• As during the Asian session economic news from Australia, New Zealand and Japan come out, you will most likely see stronger moves in pairs that contain JPY, AUD and NZD.

London Session (08:00-16:00 GMT)

• London is considered the capital of forex and although there are several financial centers all around Europe, it is London that attracts the main interest as the key financial center.
• Has a huge trading volume (over 32% of all forex transactions are carried out here)
• Has high liquidity
• Is the period with most market uptrends and downtrends
• Has lower spreads
• Volatility (i.e. overall price fluctuations) slows down a bit in the middle of the London period (for the simple reason that most traders are off for lunch) until the New York trading session starts
• Market trends may at times reverse just before the session ends as European traders decide to lock their profits.

New York Session (13:00-21:00 GMT)

• When the London session traders come back from lunch, the New York (US) session starts.
• Roughly 19% of all forex transactions are carried out here
• Big market-moving potential: 85% of trades involve the US dollar
• High liquidity in the morning hours when it overlaps the London session
• Most economic news reports are released at the beginning of the session
• Liquidity and volatility decrease during the afternoon hours
• Little movement on Friday afternoon + high chances for trend reversal in the second half of the day.

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COMEX INSIGHTS 13-JULY-2018

GOLD:

• In last week’s Gold Technical Outlook, prices had responded to critical support at 1236/39– a region, “defined by the 78.6% retracement of the December lows & the 78.6% retracement and converges on basic uptrend support extending off the late 2016-low as well as the median-line of the descending pitchfork formation we’ve been tracking since the April high.”
• Price failed to close above the monthly opening range highs early in the week with the subsequent pullback once again eyeing the yearly lows.
• Bottom line: Gold has responded to key weekly support and the immediate focus is on the June opening range with the broader downtrend at risk near-term while above 1236. From a trading standpoint, we’re on the lookout for a low / long-entries while above 1239.

CRUDE OIL:

• Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times.
• The US crude oil price is more stable Thursday after news of a huge draw in US oil inventories.
• That suggests Wednesday’s tumble on news that Libya is reopening four oil export terminals was overdone.
• The recovery was prompted by a report from the US Energy Information Administration that US crude oil inventories fell by 12.6 million barrels in the week to July 6, almost three times the drop expected.
• Bottom Line: Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US crude oil bearish contrarian trading bias.

OTHERS:

• Copper
  • Copper fell by over 58% between February 2011 and January 2016.
  • By late-2017 it looked like the commodity was finally out of the woods as the price rose to almost $3.30.
  • According to the news, the sharp decline is caused by the trade war between the United States and China.
• Soybean:

  

  • By the summer of 2012, top quality Iowa farmland that traded hands for about $4000 an acre in 2006 soared past $15,000 while farm income more than doubled from 2006 to 2013.
  • In 2017, China took in 57% of US soybean exports. Early this year, the USDA estimated that within a decade, China would absorb 70% of US soybean exports
  • Accumulated exports of US soybeans to China for the marketing year have fallen 27 million metric tons, 20.5% less than this time last year.
  • U.S. soybean prices have now fallen from about $10.50 per bushel in late May to $8.60 as of last Friday’s close.
  • Call the U.S. farmer, and Illinois and Iowa in particular, collateral damage in what is now becoming a broader trade battle
  • Next, tariffs will begin to stifle U.S. economic growth as the price of affected goods begins to bite into household paychecks.
• Iron Ore:

  

  • The collapse of iron ore prices in the face of oversupply has been threatened for the last few years.
  • Following massive investments in Australia and Brazil, oversupply was expected to hit dwindling demand on the back of a cooling Chinese property market and an environmental crackdown on excess steel production.
  • Yet despite repeated dire warnings, prices have, if anything, gone the other way, rising to over $67 per ton during May and only falling back during the following month.
  • Finally, it seems gravity is reasserting itself and prices are beginning to ease.

 

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