Sunday, November 25, 2018

CryptoCurrency News: 600K Bitcoin Miners Shut Down in Last 2 Weeks, F2Pool Founder Estimates

Between 600,000 and 800,000 bitcoin miners have shut down since mid-November amid declines in price and hashrate across the network, F2pool's founder estimates.

via CoinDesk

[FOREX TIP] AUDUSD Price Action Analysis – 26th Nov 2018

We just this powerful Price Action Scanner to find us the best trades everyday.

AUDUSD has been within a range on the H4 chart for the last 3 days. The price had a bounce from a level. The price is right there at the moment. It seems that the H4 chart might end up producing a double bottom here. If that happens, then buying the pair would get us some green pips. Let us have a look at the H4 AUDUSD chart.

AUDUSD Price Action Analysis – 25th Nov 2018

AUDUSD Price Action Analysis – 25th Nov 2018

The chart shows that the price had a bounce from the level of 0.72180 earlier. Then, on the last Friday, the price had another bounce on the same level. If the price starts going up and makes a breakout at the level of 0.72775, then the price would head towards the level of 0.73725. Let us have a look at the summary of the trade…

  • Buy Stop Order: 0.72775
  • Stop Loss: 0.72180
  • Take Profit: 0.73725
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

The H4 chart suggests that it might end up producing a double bottom here. We will have the confirmation if the price makes a breakout at the neckline. Many traders trade within that range and do not care about the breakout. To do that, one must flip over to intraday charts such as 5M, 15M etc. We are eying here to trade on the H4 chart. Thus, the game will start only then if we get a breakout at the neckline. The reason behind that is a double top or a double bottom is only confirmed when a breakout takes place at the neckline.

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The post AUDUSD Price Action Analysis – 26th Nov 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] Forex Trade Copier Service

Forex Trade Copier Service

A forex trade copier is used by account or fund managers. The purpose of the forex trade copier service is to copy the trades from a main account into a number of sub accounts.

In industry jargon, these are also called the master account and slave accounts. A trade copier service enables the account manager to trade on the master account. The slave accounts simply copy the positions in real time.

This makes it easy for the account manager when they have to manage multiple trading accounts.

In recent times, there have been various types of forex trade copier services. You can now subscribe to a forex trade copier service that is exclusive to a fund manager, or you can simply hop over to any of the number of signal providers.

The signal providers offer the trade copier service which enables you to plug into the main account and let your account be automatically replicate the trades.

What are the advantages using Forex Trade Copier Service?

The benefits of using a trade copier service is beneficial, not just for forex account managers but also for members who subscribe to the service.

Typically, you will be required to download a software or an expert advisor. Once you input the settings and configure the EA, your account is fully synced with the main or the master account.

From here on, traders do not have to do anything as the forex trade copier automatically starts to replicate the trades initiated by the main account.

Those who do not have the time or know how to trade forex will find the forex trade copier service an easy way out. Subscribing to a forex trade copier service usually comes at a price. There are a number of things of course to bear in mind.

Understanding how the signal provider or the account manager trades is essential.

What are the disadvantages using Forex Trade Copier Service?

While there are clearly some advantages to using a forex trade copier service, there are also some shortcomings that one needs to bear in mind.

For starters, using a forex trade copier service will more or less require you to set up a virtual private server or a VPS. This VPS allows you to install your MT4 or any other trading platform in a virtual server that is always online.

Your trading platform needs to be open 24/7 so that it can replicate the trades from the master account. This incurs some additional costs too.

Another main disadvantage is that traders need to ensure that they are adequately capitalized. Making the mistake of having just $500 on your trading account, while the forex signal provider trades with 1 lots can easily wipe out your capital.

There is also the issue of picking the right forex signal provider. Generally, the more older a signal provider is, the better the chances of you being able to understand if the strategy fits in with your investment amount.

Why should a trader use Forex trade copier service?

There are a number of reasons why a trader would use a forex trade copier service. As mentioned previously, a forex trade copier service is best used when you do not know to trade or just do not have the time.

Using a forex trade copier service can also save you time and allow your trading account to trade without any manual interference. In some cases, traders who have multiple trading accounts can make use of the trade copier service to diversify their investments.

For example, you might be great at trading precious metals or other CFD’s but just do not get how the forex markets work. In this case, a trade copier service that trades currency pairs is a great addition to your existing trading.

A forex trade copier service in conclusion is a simple way for traders to make use of an additional service. When you use a trade copier service, and the right signal provider or fund manager, you can expect to see your trading activity go up.

There is also the possibility that you can make additional money using such a method.

The post Forex Trade Copier Service appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Down 36%: Bitcoin Price Faces Worst Weekly Loss Since April 2013

With bitcoin prices dropping further early on Sunday, the cryptocurrency now looks to be heading for its worst weekly loss in over 5 years.

via CoinDesk

CryptoCurrency News: Amber Baldet: Don’t Force Public Blockchains ‘Down Enterprises’ Throats’

Until there are well-designed privacy features for enterprise applications on public chains, it's premature for firms to use them, says Amber Baldet.

via CoinDesk

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