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During the turmoil and economic crisis brought on by the global pandemic, Bitcoin has emerged as a viable hedge against volatility. So much so that it has even been referred to as ‘digital gold’ thanks to its similarity to physical gold as a safe haven and its weak correlation with other financial markets.
Trading the financial markets is not without risks. Every trader, even the most successful, face losses from time to time. This could be due to a lack of discipline, technological malfunction or just an error in judgment. Unfortunately, facing a series of losses can be very disheartening, leading 80% of day traders to stop trading within the first 2 years.
The forex market has been marked by high volatility during 2020, with the Covid-19 pandemic, trade wars, change in inflation rates and the US election, all coming together in a single year. These are the conditions where a moving average strategy can be a great tool for traders.
Candlestick chart patterns were first developed in the 18th century, by a wealthy Japanese businessman, Munehisa Homma, to analyse rice contract prices. But these patterns were so efficient, they soon became the basis of trading in Japan. Today, they are one of the most versatile technical indicators for predicting market movements.
Twitter is hugely popular with participants in the financial markets. This is the platform where traders, professional and retail, choose to share their experiences, insights and recommendations.
In June 2020, Nasdaq, the tech-heavy US stock index, became the first of the major Wall Street indices to recover from its coronavirus-led losses. By July 21, it had soared to its highest in 3 months, pushing its price momentum to the highest in 2 decades.
On September 1, 2020, leveraged forex traders globally pushed the US Dollar to a new round of lows. The US Dollar Index (DXY), which measures the value of the greenback against six major currencies, dropped below the level of 92.0 for the first time since May 2018. As of September 3, the DXY saw little change at 92.8, even with an upbeat ISM Manufacturing PMI report.
There is always a good chance that economists and analysts are talking about stock indices, when they refer to the “global financial markets.” These indices represent the price performance of a group of equities from an exchange, and they can reflect the overall state of a particular segment of an economy.
To a certain degree, uncertainty has always been a part of leveraged trading, in forex and cryptocurrency, or any other market. However, the 2020 COVID-19 pandemic has been a different story altogether.
The overall US dollar weakness continued last week as investors reacted to the rising number of coronavirus cases in the US, the dovish Federal Reserve, and the disappointing GDP numbers from the US.
The South African rand gained against the US dollar mostly due to the weaker dollar. The strong inflows into the South African market also played a role. The biggest news of the week was the decision by the country’s central bank to slash interest rates to 3.5% from 3.75%.
Contracts for Difference (CFDs) are versatile financial instruments that help hedge against market risks, both in forex and crypto trading. These derivative instruments offer the flexibility to take positions in both rising and falling markets.
Forex and crypto traders can find plenty of trading opportunities during the volatility that usually accompanies economic releases.
One of the most important economic indicators to hit the global financial markets is the US Non-Farm Payroll (NFP) report.
Last week, the US dollar index dropped to its lowest level since March as demand for the greenback waned. That was mostly because the number of coronavirus cases in the US continued to rise, leading to several states to implement stay-at-home orders.
Due to their uncorrelated nature with fiat economies, cryptocurrencies have been considered safe haven investments during times of economic uncertainty. Bitcoin, in particular, due to its scarce nature, is considered a hedging tool against rising inflation. One of the most basic hedging techniques is diversifying the investment portfolio.
A deadly pandemic brought the world economy to a standstill, left millions unemployed and halted economic activity. Yet, the markets remain unfazed, with some stock indices reaching all-time highs in this environment of widespread recession.
The US dollar declined against most developed and emerging market currencies. It dropped by more than 0.5% against the South African rand and by more than 0.4% against the euro. In the same week, gold, silver, and other industrial metals reached the highest levels in more than three months.
The South African rand gained against the US dollar, euro, and the British pound last week as traders reacted to the upbeat manufacturing PMI and car sales numbers. The currency also gained after the government committed to lower the budget deficit in the coming year.
The pandemic has been a colossal tragedy on a global scale. However, it could prove to be the biggest opportunity for crypto asset trading.
The global pandemic has induced severe reactions across the financial markets, including stocks, forex and crypto.
The South African dollar weakened against major currencies as traders worried about the surging coronavirus cases and weak economic data.
The South African rand reversed most of its previous gains against the US dollar last week. The currency lost about 5% as the number of coronavirus cases in South Africa continued to rise.
Introducing Brokers (IBs) are a major part of the forex market, helping brokers gain access to new clients and regions.
As of June 2020, many economies began to gradually re-open which has led to a surge in investor optimism. With the easing of lockdown measures and border controls, business activities are picking up again and as will consumer spending.
Cryptocurrencies are the most unique and potentially disruptive assets to have been introduced in the last decade. Bitcoin (BTC), as a decentralised digital currency, has found plenty of use cases around the world, due to its unique features.
Volatility returned to the markets last week as participants digested the Federal Reserve interest rate decision and the growing risk of a second wave of coronavirus. 
The financial markets are booming right now. Interest in trading, by both new and experienced investors is experiencing a massive surge. 
Global stocks rallied last week as investors ignored the rising tensions between the United States and China.
We would like to inform you that another major Bitcoin event is taking place on 12th May!