To top this, FP Markets also won the best broker in Europe and the best partners programme in Asia twice in a row. Other prominent industry accolades include an award for best CFD broker in Africa, awarded at the FAME Awards 2023, and the best trade execution and most transparent broker awards, awarded at the…
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The weekly timeframe shows price action recently dropped in on support from $1,898, a level sharing chart space closely with a descending resistance-turned-support level taken from the high of $2,070. Adding weight to this support is the daily timeframe’s 200-day simple moving average at $1,902. This dynamic value, alongside being used for trend identification (it…
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Absent any obvious support on the daily chart, technicians are likely to target the 38.2% and 61.8% Fibonacci retracement ratios derived from legs A-D at ¥141.33 and ¥139.74, respectively. Daily Chart: TradingView Weekly Alternate AB=CD Bearish Pattern Also in Play Interestingly, on the weekly timeframe, we can see that price action has also been working…
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Higher Timeframe Trend Indecisive We can see that from the weekly timeframe—a chart often employed to identify the primary trend (assuming you’re a fan of Dow Theory)—price action has gradually decreased since February 2021. However, the recent pullback (the local uptrend since pencilling in a bottom around $18.00 in August 2022) tells me that the…
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The official announcement detailed that with the latest expansion, the total number of currency pairs available to trade at FP Markets reaches more than 70 currency pairs. CEO Craig Allison commented: The launch of the additional currencies is part of a wider effort by FP Markets to develop its Forex offering and deliver greater diversity…
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FP Markets Demo or Live Accounts holders can use cTrader and access the platform on both desktop and mobile devices. The FP Markets cTrader trading platform allows traders to hedge, scalp, and the use of automated or manual trading strategies. The solution offers fast execution speeds, customisable interface, advanced charting capabilities, and a broad selection…
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With the emerging new requirements in the investment ecosystems, it is important for brokerages to keep up with the digital age. Software company Devexperts in cooperation with Turkish broker Global Securities released a number of updates for the BayGlobal trading platform. Users on BayGlobal can now listen to live broadcasts of Global’s financial analysts. Every…
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Craig Allison, FP Markets head of the Middle East, Europe and Africa, commented: The interest around equities has reached an all-time high globally and it is important for us to continually evolve and expand our product range in line with increased client demand for a greater diversity of our range of share CFDs. The addition…
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Craig Allison, Head of Europe, Middle-East and Africa, said: FP Markets Social Trading allows traders to find, follow and copy successful traders automatically. Since its beta launch at the beginning of March, we have experienced huge demand for FP Markets Social Trading with a huge uptake in registrations and increased activity and engagement ratios, especially…
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Germany’s Federal Financial Supervisory Authority (BaFin) filed criminal complaint on Thusrday against one of its employees for suspected insider trading in payments company Wirecard. BaFin said that the employee of the securities supervision department sold structured products based on Wirecard on 17 June 2020. The date is one day before Wirecard’s auditor EY found that 1.9…
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