In order to get a competitive edge over others and simplify the process of reaching the trading goals, many traders take advantage of a number of helper tools like trading strategies and indicators. Today, we are going to take a closer look at the indicator named Value-Weighted Average Price (VWAP). What are the benefits of using it and why do they recommend using it?
Before the start of the last trading week of October, the NordFX expert team has come up with another set of weekly consensus forecasts for the forex and cryptocurrency markets. When devising those forecasts, the experts gathered multiple expert opinions and tech analysis. The forecast is actual for the period of January 13th through 17th, 2020. As a result, we get the following picture:
The year of 2019 is almost over. So, what are the expert predictions for the forthcoming trading week? NordFX has come up with another set of market forecasts for December 16th-20th. So, without further ado, let's go ahead and take a closer look at them.
There's no denial the fact that cryptocurrencies are getting more and more popular these days. Apparently, the need for cryptocurrency exchanges is growing with them. With that being said, international experts have tested dozens of cryptocurrency exchanges to come up with a rating.
These days, you cannot make a decent amount of money by simply depositing your money into a bank account and waiting for the interest to be credited to your account at the end of the investment period. When it comes to the dollar and other foreign currencies, international banks usually offer single-digit interest rates, somewhere around 3% or so. Some national banks had to introduce negative interest rates, which made depositing unprofitable right off the bat.
The world's biggest stock exchange, which is the New York Stock Exchange (NYSE), is reported to have started offering Bitcoin futures.
Almost each and every beginning forex trader who lost their money while trading forex thinks they have been scammed for money. Very few of them can actually face the truth and take a look at the situation at a different angle. Strange as it may seem, But such traders eventually succeed in financial markets and get rich trading them. Well, if you think for a while, that becomes quite obvious because such people aren't afraid of analysing the negative situation and drawing the right conclusions to avoid repeating those costly mistakes in the future. Those who learn from their own mistakes instead of repeating them over and over again, can eventually succeed in this business.
In his latest YouTube video, a popular cryptocurrency expert named Alessio Rastani told his subscribers about the possibility of Bitcoin crashing all the way down to 3000 dollars per coin. So, is the BTC exchange rate really going to go that low in the near future? The expert started his review from evaluating the stock market sentiment cycle, which is a really significant part of market analysis. So, he did just that.
Bad news for cryptocurrencies is coming from the USA. The SEC is reported to have banned Telegram's cryptocurrency. The tokens turned out to be unregistered assets and therefore are illegal as something that can be sold to American investors. This is what Bloomberg reported the other day.