News
Can You Trade Forex in the U.S.?
Yes, you can trade forex in the U.S. It's a legal and regulated activity, with brokers required to register with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) .
Can You Trade Forex on Interactive Brokers?
Yes, you can trade forex on Interactive Brokers. They offer competitive fees, advanced trading platforms like Trader Workstation (TWS), over 100 currency pairs, and a range of order types .
Can You Trade Forex on NinjaTrader?
Yes, you can trade forex on NinjaTrader. It's a powerful platform that offers a comprehensive suite of features for forex trading, including real-time forex data, advanced charting and technical analysis tools, custom indicators, automated trading capabilities, and risk management tools . It supports a variety of forex brokers and provides access to major currency pairs. NinjaTrader also allows for strategy development and backtesting, which can be beneficial for traders looking to refine their strategies . The platform is known for its advanced charting capabilities, order execution, strategy development, and market replay features, making it a popular choice among forex traders . However, it's worth noting that there can be a learning curve for new traders due to its advanced features .
Comprehensive guide on the head and shoulders chart pattern for traders
The head and shoulders chart pattern is a powerful tool in technical analysis, widely recognised for its ability to signal potential trend reversals in financial markets.
SEC vs. Ripple Appeal Window Tightens, XRP Faces Volatility
XRP underperforms despite gains, closing at $0.5874 as the broader crypto market advances by 2.24%. SEC Chair Gensler warns of rampant fraud in crypto markets, while Ripple fights to clear its legal path forward. Congress and SEC face off over digital asset regulations, sparking uncertainty in the US crypto landscape.
BTC Price Forecast: Bullish Momentum Builds as Fed Cuts Rates by 50 Basis Points
Fed’s surprise 50bps rate cut drives Bitcoin rally, with BTC closing at $61,774 and eyeing a $65K target. BTC ETF outflows surge despite Bitcoin's 2.41% gain. Net outflows of $52.7M raise concerns amid market volatility. US jobless claims and economic data could push Bitcoin toward $65K or trigger a drop to $55K, market sentiment critical.
Japanese Yen Forecast: Will USD/JPY Break 139.5? BoJ and US Labor Market in Focus
Foreign inflows may drive USD/JPY lower, impacting inflation, Japanese goods demand, and BoJ policies. Stronger Yen may lower import prices, leading domestic companies to cut prices and triggering potential deflation. Weaker US labor data could spark speculation about an aggressive November Fed rate cut.
Chris Larsen’s XRP Transfer Sparks Investor Concerns Amid SEC Uncertainty
XRP declines by 0.39%, underperforming the broader crypto market as concerns over an SEC appeal linger. Ripple co-founder Chris Larsen moves 50M XRP, sparking speculation on his motives and potential market impact. XRP price trends hinge on the SEC’s appeal decision, with a potential drop below $0.40 or a rally to $1.00 at stake.
U.S. Dollar Declines: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
EUR/USD settled below 1.1100 as traders reacted to the Euro Area Industrial Production report. USD/CAD was mostly flat despite the rally in precious metals markets. USD/JPY pulled back as traders focused on falling Treasury yields.