WIKIFX REPORT: Investors take Forex platform ROFX and its founders to Court
Dozens of victims of the ROFX forex trading platform have sued the company and its founders for alleged fraud.
WIKIFX REPORT: ROFX CHARGED AS FX SCAM BY CFTC
The agency alleges the defendants falsely claimed to trade forex utilizing a highly successful automated trading robot with guaranteed coverage of losses.
Forex IB: 5 Benefits of becoming an Introducing Broker
Imagine you could earn commissions simply by helping other Forex traders with your knowledge and expertise — how cool would that be? Say, you run a blog site, a YouTube channel or an Instagram account with a large fan base, and other traders turn to you for advice on how to improve their trading technique, a Forex IB role can be an excellent fit for you!
How to develop an Entry and Exit Strategy in Forex Trading
A successful Forex trading strategy begins with developing a well-thought-out entry and exit strategy. Despite knowing when the value of a currency pair will rise, it is unlikely to make big gains until you know when that increase will come and where it will end. An entry and exit strategy helps you decide when/where to enter the market and at what point would be best to exit.
WIKIFX REPORT: Pakistan closing rupee rates in the kerb market
The Exchange Companies Association of Pakistan provides the Pakistan rupees as of 10 June, Friday's rates in the kerb market at 1100 GMT. The Association seeks to develop, promote, and enhance foreign exchange, money markets management, and dealing in other financial products education.
WIKIFX REPORT: Inflation pessimism casts a pall over the markets
Prior to this week, there was some hope that US inflation was approaching a peak. Price rises in other sectors of the economy imply that pricing pressures are pervasive, not only in food and energy.
WIKIFX REPORT: Federal Reserve Decision & What does it mean
The Federal Reserve System is the United States' central bank, and it ensures that the country's financial system is safe, adaptable, and stable.
How to Trade with the Trend and Keep Forex Breakout Simple
Before we get started, we want you to know what the trend is. So, the illustration is like this, you look at the graph chart and see that many candlesticks are moving upwards in a row. This means it is an uptrend, and the opposite condition is a downtrend.
WIKIFX REPORT: Sri Lanka is open to buying Russian oil, PM tells AP
Because of the shortages encountered by Sirilanka amid the extraordinary economic crisis, the country may be compelled to buy additional oil from Russia, according to a statement made by the country's prime minister.
WIKIFX REPORT: Risk-aversion gains momentum ahead of key catalysts
As recession fears become stronger, the measure of how traders and investors view the market and bigger economy continues to deteriorate.
WIKIFX REPORT: IC Markets June 14 (Tuesday) Webinar announced titled: Support and Resistance Levels
IC Markets, a global forex broker with a large selection of trading instruments and a good reputation, has created an interesting Webinar for its users, particularly Chinese users. According to them, the effort was made in consideration of the growing number of Chinese-language traders, and they are proud to launch the Chinese version of the Global Markets Webinar Series.
WIKIFX REPORT: Bank of Mexico deputy governor sees 75 bps rate hike at next meeting
According to local media, Bank of Mexico Deputy Governor Jonathan Heath stated on Friday that the central bank is expected to hike its benchmark interest rate by 75 basis points at its next meeting on June 23.
WIKIFX REPORT: Amazon (AMZN.NAS) Stock Split
The first trading day following Amazon's (AMZN) 20-for-1 stock split, which the company announced on March 9, was June 6, 2022.
WIKIFX REPORT: HotForex expands services, rebrands into HFM
In response to accelerated company growth HotForex has announced its expansion in product offering, noting that the company is undergoing a visual transformation of its corporate name and logo, going by the name of HFM.
WIKIFX REPORT: Forex Group, OctaFX Trains 250 Students In Rivers Varsity
In light of the country's rising unemployment rate, OctaFX, a renowned foreign exchange broker, has created a trade program at Rivers State University, RSU, aimed at training roughly 250 Nigerian students in forex trading.
WIKIFX REPORT: OctaFX opens the gates for weekend crypto trading
After having a good year with enthusiastic feedback from the trading community, OctaFX has finally opened its crypto trading offer for the weekends.
WIKIFX REPORT: Multi-region iOS OctaFX Trading App premiere expands to Nigeria
OctaFX, a worldwide Forex broker, has made its iOS OctaFX Trading App available in the Nigerian App Store since mid-March, following its first three debuts in Malaysia, India, and Indonesia. The same may be said about its counterparts in Singapore and Pakistan. In 2022, a full app release for all service zones will follow these regional debuts.
06/15 Market report
【Dow Jones】 【EUR】 【Gold】 【Crude Oil】
WIKIFX REPORT: Sunton Capital Suspected of Fraud, Profit Can be 50% per Month?
Last week, the public was horrified by the Sunton Capital case, which resulted in losses for many traders, particularly in the forex (foreign exchange, foreign currency) market, as a result of alleged fraudulent forex broker investments made using this trading robot platform.
Trend Analysis Explained: How to Trade Forex Trends
Trend analysis is a type of technical analysis that focuses on the trend to analyze price behaviour and predict future movements. In the Forex trading market, the trend is considered by traders to be their friend, and Wall Street believes you should never go against it.