Who is XtreamForex?

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Dealing with Forex Customer Support

The mediator between you and your Forex account is your account manager, and the company's customer support team, here are insider tips on how to deal with customer support while trading with a company for an easy and pleasant process.

Opening an Account

When you first decide to open an account with a company, it is your chance to ask about the company and get to know it. The person you will be contacting is getting paid to introduce you to the company and make you feel comfortable. You should feel free to ask anything you need to call at any time and expect your questions answered. You should not feel guilty or uncomfortable for ''bothering'' the good people at the company for it is their job to help you.

You in turn should also be honest and helpful. If you are asked to provide documents you should make sure you have provided your documents before expecting your account to be open, and if the company specifies that it takes 24 or 48 hours for a procedure to take place, then you should be patient and not call to ask if something is done when the specified time hasn't passed, and lastly and most importantly if you decide that you do not wish to trade with the company after all then be honest and inform the person you are speaking with that you are no longer interested so they can stop bothering you and focus on other clients.

During Trading

When you have become a client of the company it is good to establish a friendly and comfortable relationship with your account manager. They want to be comfortable talking with you when any changes happen, or with advice and you want to feel comfortable reaching out to them when you need them, so it always helps to be friendly and nice but also stick to business talk during phone calls keeping in mind that your account manager is probably very busy with many clients and even if they'd like to have a chat with you they can't afford the time.

What not to ask

Although you should feel free to ask any questions to your account manager just remember that it is not their job to teach you Forex trading or any form of trading. If you are a complete new comer you can ask them to refer you to Forex education programs that the company or other web sites may offer.
Also remember that your account manager is by law not allowed to give you trading advice. If he/she does that they are liable to being sued if they give you the wrong advice and you lose your trade. Unless your account manager is licensed by a Forex regulatory authority to give trading advice then you cannot expect them to give you any.

Closing an Account

Whether you've been trading for a week or a year with a company if you get to the point where you've chosen to close down your account, you should be straight forward and inform your account manager. If you try to go around it you will have to face the worry of receiving another phone call asking if you will deposit, and your account manager will waste a lot of time trying to reach out to you believing you will eventually deposit.

Connect with XtreamForex and make Trading strong. Our whole committed to provide superior Forex trading services with excellent results. For more detail Visit here: https://xtreamforex.com

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Forex Hedging

When trading, all traders are trying to find the best way to minimize risk and increase profits, one way of doing that is through hedging.

Hedging is when the same trader opens two positions in the opposing directions. So the same trader will open one position going long on a currency pair, and another position going short on a currency pair.

While both positions are open the profit is at zero, but once traders decide the right time to close one or the other then they are ready to go either way (selling or buying) to make the profit.

Hedging is done mainly in foreign exchange trading, because it is flexible and allows the trader the right but not the obligation to buy or sell the currency pair at a particular exchange rate when the time feels right.

When traders choose to hedge they need to analyse the risk of their hedge, and the types of risk they are taking in the position they are opening, and if it is high or low. Then they need to decide how much they are willing to risk, decide on the most effective strategy and then implement and monitor the position.

There are different types of hedging, some much more complex than just direct hedging, and traders can take other approaches when necessary.
Some brokers do not allow direct hedging.

About XtreamForex

XtreamForex is one of the most reputable Forex and commodity Broker Company. XtreamForex Is provides superior forex trading services to all clients. Our company's vision is to grow to be a leading and reliable broker that takes pride in offering the most professional pricing and services to Forex Traders. We are building towards a successful, bright and secure future for our company and are committed to build long-term relationships with our clients.

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Forex Scalping

Traders use many different forms of trading which they feel the most comfortable at, and help them make the best profits they can. Each trader depending on their strong points can find themselves working better and earning more when using a the method which suits them best.

Scalping is a well-known and commonly used form of trading which suits trader who wants to make large numbers of trades earning small profits each time. This happens by opening a trade, buying a currency pair, and closing it as soon as the smallest profit is made – usually between 3 to five minutes - completely evading risk even if the profit is too small to make a difference.

The main base of scalping is to make a lot of trades daily – can be up to over a hundred a day – and aim on never losing any money through those trades, but steadily keeps making small profit among small profit slowly building up a larger account.

The downside of scalping is that it requires large amounts of deposit, to be able to handle the amount of leverage which must be taken to make the short and small trades worthy. It also demands a lot more attention, as none of the positions can be losses, otherwise the other small trades will be imbalanced by losses and therefore become entirely useless. It takes clear and attentive concentration skills to achieve that.

Of course needless to say, Scalping is time consuming, and would take a trader who can commit to trading for hours on a daily basis in order to keep building up from the small profits made with each trade, therefore it would be very hard to keep up as a scalper if one is not already a full time trader.
Based on all these facts it makes sense to say that scalping is not for everybody. It is mainly popular due to the fact that it is technically risk free, because even when a loss is made it is small, and over time it depends on no losses being made, but no big profits either. A constant scalper would choose a safely earned small amount over the risk of a great profit opportunity.

An important aspect of scalping is to always keep consistency in trade sizes, if a trader uses erratic trade sizes while scalping; they are bound to lose a lot of money. If random sizes are chosen it is most likely that an oversized, leveraged loss will erase all the profits of a day’s work, defeating the whole principle of scalping. All trade sizes must be the same, making the amount of losses and gains equal, therefore keeping the trading strategy balanced.
It is also important to mention that scalping is a popular method to be applied on automated trading programs, due to the fact that it is time consuming and needs very specific and accurate decisions which can be very easily effected by emotions like excitement or greed.

The way programs work is by trades being placed through the trading day and the system is based on a set of signals derived from technical analysis charting tools that create a buy or sell decision, at the points which the trader has programmed to indicate the right buy or sell conditions.

Many people find scalping through programs effective and doable, because it does not require their immediate presence, or their constant attention.
Over all, to become a good scalper, attention, concentration and time are needed, with a lot of practice, and having the intuition to pull out at the right time, even when the profits are too small to seem worthy.

Read more: https://www.xtreamforex.com/

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What to do when you are ready to quit Forex Trading

Every Forex trader has had a time of bad losses, big stress or any numbers of reasons which have made him decide it is time to quit trading. It is normal usual and common and people get really tired with handling all that Forex hands them and decide it’s time to give up.

But that is the time when you should step back relax and re think the whole picture. Through those losses and hard times you can learn the most important lessons. It is a chance for you to re study your trading approach with a less emotional and more realistic mind set. Reset your goals and make a better version of your plan.

Taking a break after having tried trading is the perfect time to gather your thoughts and become more logical and goal oriented. There are many ways to approach the situation.

If you are a beginner then you can think of your first losses as the fee for learning the most important lessons in Forex. If you quit when you face difficulties then the money you lost was lost for nothing. This isn’t a gambling approach where losses have to be made up with profits, but a very simple and realistic fact that you can only learn Forex trading by trading, and you are bound to make mistakes and suffer losses at the start. Just like being a new driver, you always start off with on old car that you can afford to lose. You do the same with the money will invest when you first start trading.

If you relax and ask yourself why you lost all that money then you will retrace your moves and see where you’ve gone wrong. You could have been over trading, you could have been not paying attention to the right opportunities, you could have not been cutting your losses quick enough, and maybe your strategy was flawed. This is very normal and only by trying can you progress.

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$25 No Deposit Trading Bonus



Do you want to start forex trading without any initial investment?


XtreamForex offers No Deposit Bonus of $25 – the easiest way to start in Forex. Trade without depositing and grow your portfolio. If you are a beginner, this bonus is a great opportunity for you to try out your skills and find out more about trading.

Free No Deposit Trading Bonus
Joining Link: https://my.xtreamforex.com/no_deposit_bonus
Bonus size: $25
Maximum amount of bonus: $25
Ending Date: Available for Limited Time only.

Offer is Applicable: Only for Sri Lanka Clients.

How to Apply:
• Register an account
• Make your account verified with documents.
• Get $25 bonus

Bonus Cash Out: Bonus is withdrawn able with under the terms and conditions.

Each Client receives this bonus only once.

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Account Comparison

Choose the account that is best for you and start trading on Financial Market Today!

XtreamForex offers to its clients multiple Forex Trading Account. The trader may choose the trading account that best suits his trading experience and financial possibilities. We offer 5 types of trading accounts i.e Micro, Standard, ECN, ECN Pro, VIP account. Here is account detail to traders to take full advantage of Online Trading. Register your account and start trading with XtreamForex.

Micro Account:

• Minimal Deposit- $5
• Spreads from pips-1
• Maximum Leverage up to 1:1000
• Minimum order size in Lots- 0.01

Standard Account:

• Minimal Deposit- $250
• Spreads from pips-1
• Maximum Leverage up to 1:400
• Minimum order size in Lots- 0.01

ECN Account:

• Minimal Deposit- $250
• Spreads from pips-0
• Maximum Leverage up to 1:400
• Minimum order size in Lots- 0.01

ECN Pro Account:

• Minimal Deposit- $5,000
• Spreads from pips-0
• Maximum Leverage up to 1:200
• Minimum order size in Lots- 0.1

VIP Account:

• Minimal Deposit- $20,000
• Spreads from pips-0
• Maximum Leverage up to 1:200
• Minimum order size in Lots- 0.1

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Open Demo Account with XtreamForex



Demo Account is the great Startup for beginner!

A Demo account is a fantastic way to gain trading experience, test trading strategies with zero risk under real markets. A demo trading account is a kind of trading simulator, or practice account that allows you to practice trading with a wide range of financial instruments, from stocks, indices, and options to CFDs and crypto currency. Gain the trading experience to Open XtreamForex Demo Account and enter the forex market with confidence.

Advantages of Demo Account:

• Actual trading practice in live market environment.
• Absolutely Free: No Credit card required.
• Access to market charts, trading signals, forex news and more.
• Get daily free analytics.
• Practice trading with virtual funds.
• Test trading strategies.
Here the link to Open Demo Account: https://my.xtreamforex.com/Account/Register

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Forex Bonuses and Promotions



Everybody loves getting a little extra. So, that’s why XtreamForex offers various Forex Promotions, Bonuses, trading Contests, Reward programs and opportunity to earn extra money in the forex market. Our Forex promotions help to trader’s to increase revenue without any big investments. So create your live account and get chance to earn more money with XtreamForex exclusive promotions.

100% Credit Bonus: Bonus promotion gives you the opportunity and earn extra with your capital. Start your forex trading career with XtreamForex and get 100% credit Bonus.

• Receive up to $20,000 per account.
• Increase account leverage.

30% Tradable Bonus: Bonus promotion gives you the opportunity and earn extra with your capital. Start your forex trading career with XtreamForex and get 30% Tradable Bonus.

• Enjoy tradable Bonus on every deposit.
• Deposit at least 500 USD to get Tradable Bonus.

Everyday Payout: XtreamForex are always offer best trading services and promotions to clients. That’s why we offer many new promotions for our IB’s.

• You can earn up to $25/Lot Commission for each traded lot.
• Full access of your commission statement.
• Personal account manager.
• Multilingual support.

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XtreamForex- Forex Trading Products

Choose wide range of Forex Trading Products and create your investments portfolio including forex, shares, indices, crypto-currency, metal and energy. XtreamForex offers more than 175 forex trading products. Check our more Forex Trading Products. Register your account and Get extra benefits.

Forex: The foreign exchange market is the world’s largest trading market. XtreamForex offers opportunities whatever the volatility in the market. You can Trade more than 60 major, minor, and exotic currency pairs with 0.0 pips.

Indices: Start trading on major Indices. Indices are financial derivatives that are calculated as a subjective average of share prices of top performing companies. At XtreamForex you can find some of the top indices such as NAS100, SPX500, US30, ESP35 and much more.

CryptoCurrency: XtreamForex offers to clients many digital currencies. You can trade with world most traded digital Currencies like at Bitcoin, Litecoin, Ethereum, and many more. You can start trading anytime or anywhere.

Stocks: With XtreamForex you can buy stocks CFDs in the world’s biggest companies. Our CFD Stock allows you to buy and sell shares in major corporations listed i.e US, UK AND EU companies

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Learn How to Trade Forex?



Many people that want to learn to trade on the Forex market feel that they lack the time spend to sit in front of their PC for hours on end watching the market News, about forex, and Forex basic concepts. No need to spend more time there. We provide Trade forex related information here

Forex: Forex is a conversation of one currency to another. Forex or foreign exchange or currency trading is a worldwide open market for currency trading. This means that the Currency prices are daily Fluctuating against each other, and offering multiple trading opportunities to all entire the world.

Forex Trading Steps:
1. Choose a currency pair: Firstly decide which currency pairs you want to trade. With over 65 currency pairs you select the best one that is right for you or for your earning process. Fundamental research tools can assist you spot currency trading opportunities to suit your trading style. We suggested that you take your time to understand the amount of price volatility associated with the currency pair to help manage your risk.

2. Decide on the type of forex trade: In the forex trading you buy Lots, in the unit of base currency. In CFD Trading you trade a quantity of CFDs in the unit of base currency. In spread betting you trade pound per point movements etc.

3. Decide to buy or sell: Once you have picked a market, you need to know about currency price, which is done by bringing up an order ticket on the platform. Every pair is base and quote currency. The base currency is the currency on the left of the currency pair and the quote currency pair on the right sides.

How do I Trade Forex?
• Learn concepts of how the forex markets works.
• Open a Forex Trading Live Account.
• Build an Excellent Trading Plan.
• Choose best fit trading Platform.

Trading Benefits:
• High Liquidity.
• Trade on leverage
• 24/5 Live support
• Regular opportunities
• Trade anytime from anywhere.
More information related Forex Trading visit here.

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Most Interesting Facts about Forex Market



Forex Market is world’s biggest Financial Market. Still many people see Forex as a boring industry, one that demands the constant task of heavy analysis, stress and risk. But if you look deeper into the market, then you will see dynamics and the profit generation opportunities turn it in a lucrative option for making more money or even starting a business.

Here you can read some most interesting facts about Forex Market if you are start trading in Forex Market.

1) Forex Market is considered to be the Largest Financial Market in the World where you can buy, sell and speculate on currencies. Approximately 5.3 Trillion Dollars traded daily in Forex Market which is more than future and equity market combined.
2) 85% of all Forex Trades occur on only major 7 currency pairs: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD, and USD/CHF.
3) 66% of US Currency is held overseas by private individuals, foreign governments and institutions.
4) 90% of all foreign exchange transaction includes US Dollar.
5) 41% of all Forex transactions are conducted in United Kingdom, whereas only 19% happen in US and rest 40% transaction accounts in other part of the world.
6) 5% of total volume in forex is attributed to retail traders. Approximate 99% of the retail traders can’t turn in a year’s worth of profit.
7) GBP/USD is also known as cable. Back before fiber optics and satellites, stock exchanges in London and New York communicated by a long steel cable under the Atlantic. Because of this, GBP/USD is still called the ‘cable’ today.
8) 44% of Forex Traders are between the ages of 25 and 34.
9) 11% Female Traders represent Forex Market.
10) 180 Currencies are used in 195 countries across the world.
11) Kuwaiti Dinar is the world's strongest currency and has the highest currency value.
12) Germany has the largest global Forex Players.
13) Forex Traders are referred to as Bull and Bear. The Bulls are optimistic ones who believe that Forex Market will go up at a particular time while bear traders believes that price will fall.
14) 4X Volume of trading in Forex compared to the Global Gross Domestic Product.
15) 53X Foreign Exchange Trading Volume compared to NYSE.
Forex Market is one of the Largest International Financial Market in the world. To make large profit Open an account with Best Forex Broker.

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Christmas Special Offer!
$30 No Deposit Bonus from XtreamForex

Don’t miss out! Go and Grab this Opportunity. Start your live trading with a $30 no deposit bonus offer from world best Forex Broker in the market. Enjoy Live Forex trading without any Deposit as well as any risk. With XtreamForex it is easy to make money trading Forex. We make every effort to provide the best customer experience and give the widest opportunities to our trader! Best Opportunity for beginners.

Offer Applicable: All new Traders.
Offer Availability: Limited Time Only.
Bonus Amount: 30USD

joining link: https://my.xtreamforex.com/no_deposit_bonus

How to Apply:
• Open a New Live Trading Account
• Pass the personal data verification procedure.
• And, Get a $30 no deposit bonus.

Note: $30 No Deposit Bonus trading account will only be approved after call verification.

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XtreamForex Live trading Contest 2020!!

The biggest offer of the year is here!! XtreamForex has launched Live Trading Contest 2020 for real traders. Both new and existing traders can take part in the Trading Contest. Join this contest and grab the opportunity to race head to head with renowned and experienced forex traders all over the world.

How to Apply:

1. Open a Live Account with XtreamForex.
2. Verify your account.
3. Deposit $500.
4. Trade and win up to 31,000 USD in cash

Contest prizes:

>> 1st - $13,000
>> 2nd - $10,000
>> 3rd - $7,000

* The place from 4-13th is rewarded with $100 each*

Joining Link: https://my.xtreamforex.com/LiveTradingContest2020


Registration Dates:

Start - 20th January 2020
End - 29th February 2020

Trading Period

Start - 1st March 2020
End - 31st March 2020

Result Announcement - 3RD APRIL 2020

Contest Availability: WorldWide

Note: Traders, who already joined XtreamForex, can directly participate in this contest from their member area!

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What Type of Trader are you?

In Forex trading market for beginners it is very important to learn how to do forex trading and what type of trader you are. Learning is important before doing anything and especially in forex trading because forex trading market is very volatile and there is most of the chance to lose money. Read to know about what type of forex trader you are.

Four types of Forex Traders:-

1. The Scalper Trader: - Scalping is a trading style specializes in profiting off small price changes, generally after a trade is executed and becomes profitable. Scalpers hold their trades for a few seconds to a few minutes at the most. Their main motive is to grab very small amounts of pips as many times as they can in a day.

2. The Day Trader: - Day Traders are those who take their trades at the beginning of the day and then with the end of the day they closed their traders. They finished the day with either a profit or a loss. These kinds of traders do not hold their trades overnight.

3. The Swing Trader: - Swing traders are those who hold their trades for many days. This type of traders can’t monitor their charts throughout the day and they have take too much time to close their trades as they are always wish to swing the market so they can close their trade in profit.

4. The Position Trader: - The Position Traders are those who holds their trades for several weeks, days, months and sometime for years. Position Trading is pretty much opposite of Day Trading. This is the trading that suits for super patient, witty and long sighted traders who have a real feel for the markets.

You become a best trader in future. Join XtreamForex

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Important Things To Know Before You Start Trading

Forex is one of the most traded markets all over the globe. In the present scenario, there are large number of people gain knowledge of forex trading to gain some trading sessions. Moreover, if you have the effective knowledge of forex trading and the various affecting currencies, you can create lots of money. With the help of forex trading you will make a reliable amount of money. In case if you don't know about the forex trading then you will need to learn trading by online classes. If you want to start forex trading there are some important things you need to know before going to start the trading to earn well without losing all your investments overnight.

Try to Choose the Reliable Forex Trading Broker

To start the forex trading you will need to choose the reliable broker. There are several things you will need to know before going to start trading. Try to research the reliable and the best broker that is right for you.

● Conditions to Start Trading: You will need to find the broker that gives you the minimum spreads, reliable commissions if any, swap charger on the currency pairs in which you trade.
● Minimum Amount of Deposit: You will need to find out the minimum amount of deposit required that will offer by the broker. Check the margin/ leverage that can be used.
● Available Currency Pairs: In the present scenario there is the various number of forex broker that offers the currency pairs and the CFD's on the stocks, indices, precious metals, oil, etc. Check that the broker offers the currency pairs and the CFD's in which you want to trade.
● Broker Must have Dedicated Customer Support: Check that your broker must have reliable customer support(Via email, phone, or live chat) and always check the languages they offer support.
● Contests and Bonuses: Try to Grab the Bonuses offered by the broker to the new clients. Check the bonuses that are given by the broker and if they offer any type of contests then keep you motivated throughout your trading.

It's necessary to have a proper partner close by, so pick carefully and search for an agent with a long history on the Forex Market.
Learn the Forex Market Movements
In today’s world all the Forex brokers have an education session in which you will learn all types of resources that will help you to start trading. For Example you try to watch the tutorial session of the forex trading, watch online videos, and try to join the webinar related to the forex trading.

● Try to learn the forex trading with the basics is one of the important things to spotting the forex market opportunities with different levels. Start your trading by analyzing market trends. Moreover, you will need to understand the effect of the market by monitoring the daily forex technical analysis, Technical analysis, trading signals, Trading news, data releases, and some of the economics news to know about the market trends.
Open a Demo Account
Forex demo accounts are free, and all dealers offer them. You should simply register at the specialist's site and download the trading platforms. The most well-known stages are MetaTrader 4 and MetaTrader 5. When you have a demo account you can begin setting orders progressively without taking a chance with your cash. Here are a few reasons why a Demo Account is advantageous to traders:

● Learn to Run Metatrader Platform: The MT4 and MT5 stages have numerous helpful highlights, and you need to realize them well to use the commodity. You should try out things like graphs, economic pointers, and expert advice.
● Different Order Types: There are a few request types accessible in the MT4 and MT5 stage and it's necessary to get them. The most widely recognized requests are: advertising request, stop losses, take benefit, and cutoff and stop orders. Using these requests accurately will assist you with increasing your benefit and limit your losses.
● Create Some Strategy: Since Demo accounts utilize virtual cash, you can investigate how the market moves and test out various trading techniques. You can submit the same number of requests as you need and assess your trading execution after some time. The significant thing is to continue improving your procedure and to adjust it to changing market movements.
● Currency Pairs and CFD’s: The most trading currency pairs are EUR/USD and numerous trainees pick it for their first trades. Other important currencies pairs include USD/JPY ("The Gopher"), GBP/USD ("The Cable"), USD/CAD, USD/CHF ("The Swissie"), and AUD/USD ("The Aussie").

When you've done the above things and procured the abilities required, you can continue with opening a live record with the agent you've picked. Remember that it requires some investment for a Forex trader to build up a drawn-out attractive methodology. Always remember that it will take some time for the Forex trader to develop the long term profit strategy. But once you learn all the important things about the forex trading then you will able to take the benefits of the Forex Market.

Most Economic Event’s

1. NZD Retail Sales q/q
2. USD Fed Chair Powell Speech
3. GBP Retail Sales m/m

For More information about the release time of news and its impact visit Economic Calendar Page!

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STP Forex Broker

STP stands for the straight Through Processing or STP broker it will directly send the order to the traders with the market movements. STP broker means that provide the market without dealing desk intervention to the straight to the liquidity provider to the market.

STP Broker or Straight Through Processing intermediaries is the name given to dealers that, an endless supply of a client request, will give the requests straightforwardly to their liquidity provider. Liquidity provider can incorporate a Bank, a Hedge Fund, Investment partnerships, or another specialist, and as such no middle person in the request will be included as it were the STP representative won't channel the requests through a Dealing Desk. The nonattendance of a Dealing Desk agreement is the thing that makes the traders electronic exchanging stage STP.

Reason Why to Choose STP Broker
An STP Forex broker is rather repaid through a markup on the spread it gets from its liquidity supplier as well as commissions forced for each trade. As most liquidity suppliers of STP dealers are put money on the Interbank advertise, most of which offer fixed spreads and are showcase authors, this permits the STP broker to give both fixed as well as factor spreads to its customers.

●Each time a client exchanges through an STP stage, the STP merchant will consistently make a benefit. As STP agents don't exchange against client orders, they add a little markup to the spread they get from their supplier while citing an offer/ask rate. The STP broker will apply this markup by a specific measure of partial pips to the offer and ask the value it gets from its best offer/ask liquidity supplier before passing the rates onto the customer by means of its electronic stage.

In any case, one of the preferences among STP execution is that the intermediary never makes benefits on customers' losses since the organization picks up its net from various executed requests and progressively keen on the trading sizes.

●The best STP Forex representative is a vital decision for any dealer in its effective exchanging experience, as you may see lots of low means or offer among the business recommendations. However, the reality continues as before, just Regulated agents are continually supervised in all phases of activity, so keeping up secure broker's cash the board, convey reasonable managing conditions and might be considered as protected to exchange with.

Click here for more information:- STP Forex Broker

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Technical Overview of EUR/USD, GBP/USD on Currency Pairs!
EUR/USD
Seems Bear Flag on 15-min Chart

The EUR/USD will look at the south with the 15min Chart that will report the bear flag at breakdown.

The pair will reach the bearish continuation pattern that will open the doors drop at 1.13 level as per the target.

It will psychologically reach the level of support of 1.12. It will follow the flag breakdown that will accept the pair above the 1.1242.

It will immediately go to the bias bullish turns above the level 1.13 on thursday. It will also confirm the descending triangle breakout into the 4 hour chart and expose the June high at 1.1422.

The pair will be trading largely at 1.1234 that will put a high impact on the currency pair and it will reach the level high at 1.242 this friday.

GBP/USD

The cable pair will seem at the reversal on GBP/USD that will jump to 3-1/2 highs on this Thursday indicating the demand of the bullish pattern.

The risk reversal rose to -1.00 that will seem the higher at March 11, that will hit the low of -6.6 in March. The GBP/USD gauge increased from -2.15 to -1.00 in the last three weeks.
The cable pair will contradict and reach the level decline from 1.28 to 1.2252.

It will clearly say that the option of the market movements and the GBP/USD pair will position the upswing.

According to the Press time thepair will be trading largely unchanged at the level near the 1.2462.

Up Coming Events

• AUD Retail Sales m/m
• CNY Caixin Services PMI
• INR Markit Composite PMI

For more information visit us:- https://xtreamforex.com

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Today we are discussing Technical and Fundamental Overview of USD/JYP and GBP/USD
• USD/JPY Will Tracks the Risk of Barometer Go Above 107.00

The USD/JPY will extends and rises at the 107.64 upto the 0.11% on a day according to the Tokyo Session that will ticked down on the Mood On This Monday. The pair will initially go down from 107.51 to 107.45 during the early session in Asia. It will go to the run up attack on Thursday near the top level 107.75.

The US president Donald Trump tweets defies the Surge in the Coronavirus numbers that will affect the world's largest economy.As per the latest data recorded by the figure above the 50,000 into the start of the month.

Moreover the pair will be previously closed at the near 107.40 that will go below the 50 day SMA. It will seem reverse to the path directing towards 108.00.
• Technical Overview of GBP/USD

The GBP/USD will take the bid and go near the 1.2490 up to the 0.05% during this Monday on Asian Session. The Cable pair will extend the bounce off on this Friday with the bounce off 200 bar SMA. It will reach the head and shoulder pattern formation according to the 4 hour chart.

The neckline of the Pair shows the bullish pattern that will join the Retracement level on 10-29 level that will add strength to the upside barrier. It will increase the conditions with the RSI trading condition that will go to the sustained trading beyond the 200-Bar SMA.

The pair was previously traded at 1.2483. The resistance level for the pair will be 1.2497 and the support level for the pair will be 1.2473.
• Forex Economic News
Although probably the market may more fluctuate at evening as United States will present the data of ISM Non-Manufacturing PMI. This survey will be based on 400 non-manufacturing (or services) firms' purchasing and supply executives, within 60 sectors across the nation, by the Institute of Supply Management (ISM).

And even a Bank of CANADA(BOC) will present the data on business. The bank will present the survey report of the business which are going on & the business which are stopped or trying to resume.

The latest news came that the American Rapper Kanye West has planned to run for US President election 2020.But till now Kanye West didn't announce officially. So, is the news true or its just a publicity stunt!
• Daily Upcoming Events!
1. EUR Retail Sales m/m
2. EUR Retail Sales y/y
3. USD ISM Non-Manufacturing PMI
For More Updates visit our website :- www.xtreamforex.com

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Basic Terms before Going to Start Forex Trading !!!

There are different types of things you will need to learn before going to trade in the Forex. In this article we will some of the important terms to understand the basic concept of the Forex trading that is as given below:

Pip
Pip stands for 'Point In Percentage’. It will be defined as the fourth digit after the decimal point in the currency price.

Copy Trading
Copy trading is one of the better options for the beginner. It will allow the trader to copy the trades of the experienced trader by choosing their trades.

CFD Trading
The CFD stands for Contract for difference. In the present scenario, the CFD Forex trading is one of the most common ways for people to trade Forex.
To trade in CFD's in which you basically creating the contract to buy the asset at a certain currency price.

Scalping
Scalping is defined as the sophisticated form of the Forex trading in which the trader will open and close the order very quickly.

Create a Demo Account
To start Forex trading you will need to open the demo account with the reliable ECN broker. Choose the offers of the Bonuses and the promotions given by the broker to start risk-free trading.

Spread
Spread is generally defined as the difference between the Ask and the Bid price of the currency pair.

Technical Analysis
Technical Analysis will indicate the market movements in the historical charts.

Fundamental Analysis
Fundamental analysis will analyze the Forex market by the economic, social, and political forces that will affect the currency pairs.

Bull Market (Bullish)
A bull market will be defined as the bullish market in which the currency price expected to go up.

Bear Market (Bearish)
A bear market will be defined as the Bearish market in which the currency price will expect to going down.


Up Coming Event's
• EUR EU Leaders Summit
• GBP BoE Governor Bailey Speech
For More in Formation visit Economic calendar

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AUD/USD

The AUD/USD pair will be traded at the level 0.7215 and go down from China released July month trade data at the Early Friday.

The Aussie pair has as of late been beaten somewhere in the range of 0.7210 and 0.7220 after its U-turn an 18-month top in the midst of the underlying Asian meeting.

China's July month Trade Balance crossed conjecture and earlier while blazing 442.23 B figures on a Chinese Yuan basis. Subtleties recommend that the Exports flood from 2.3% expected and 4.3% past directions to 10.4% yet Imports switched - 0.7% market understanding with 1.6% figures.

Except if breaking a rising pattern line from May 22, combined with 21-day EMA, close to 0.7110-0.7100, the bears are less inclined to take controls. Therefore, bulls focusing on the year 2019 top close to 0.7300 should stay confident.

The AUD/USD was previously close at the level of 0.7233. The Support and Resistance level of the pair will be 0.7184 and 0.7213.

EUR/USD

The EUR/USD pair has attacked multiple times over the most recent five days to close above at the level 1.19.

On Thursday, the currency pair timed a high of 1.1916 yet located at 1.1876. Comparable value activity was seen on Wednesday and last Friday.

The repeated removal above 1.19 approves the overbought on the 14-day relative quality record and recommends the ebbing of bullish energy. A comparative message is being resounded by Thursday's turning top flame the one with long wicks and a little body.

The pair will be situated at 1.1696 (Aug. 3 low), which whenever understood, would doubt a higher lows arrangement on the day by day outline and yield a decrease to 1.1422 (June 10 high).

The EUR/USD was previously close at the level of 1.1875. The Support and Resistance level of the pair will be 1.1804 and 1.1843.

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Technical Overview of EUR/USD and GBP/USD

EUR/USD

The EUR/USD pair will run out of the stream and reached the level 1.1916 on Thursday that indicates the technical indicators.

The EUR/USD pair daily chart indicates the bearish divergence according to the Relative strength index with slow stochastic. Moreover, the bearish divergence occurs that indicates the chart lower highs that opposed the higher lows and the Higher highs in Price that will take to be the sign of the Bullish momentum.

On Friday the pair was a decline at the level 0.78% to validated the uptrend exhaustion by the Thursday formed the spinning top candle that confirmed the short term bullish to a bearish trend change.

All things considered, a more grounded pullback might be seen for this present week. Quick help is situated at 1.1696 (Aug. 3 low), which, whenever entered, would declare a double top breakdown on the day by day chart and open the entryways for 1.1482 (focus according to the planned move strategy). On the higher side, 1.1916 is the level to beat for the bulls. At press time, the pair is sidelined close to 1.1791.

GBP/USD

GBP/USD was traded around the level at 1.3050 during the early Monday's Asian meeting. In doing as such, the Cable trims increase following a U-turn a seven-day-old helpline. The information could be followed by the pair's failure to cross 200-HMA.

Other than the 200-HMA and quick helpline, weak RSI conditions and waiting MACD furthermore bring up issues for the pair traders. Subsequently, they search for an away from of any of these key specialized levels for new headings.

The Cable pair will be traded upside that breaks the 200 HMA at level 1.3067 that will aim to go at the level 1.3100 the pair further go up with the ascending trend line and currently traded at the level 1.3190.

It will be expected, a drawback break below the referenced helpline, close at the level 1.3020, can attack the 1.3000 points to return to July 28 top close to 1.2950.

It ought to likewise be noticed that the pair's ascent past-1.3190 will require approval from 1.3200 before examining the bulls. In the interim, the bears' strength past-1.2950 can feature at the level 1.2840/35.

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EUR/USD Pair Underpinned As Fiscal Impasse In Washington

The EUR/USD pair will be rally looks at the technical indicators that will pull back to the remain elusive as the impasse in Washington that will keep the dollar into the bulls.

The EUR/USD pair is trading at the level to 1.1860 according to the press time that will represent the gain at the level with a 0.17% gain on the day. If we see the weekly chart the relative strength index is having the above 70 that will indicate the overbought market conditions for the first time in over 2.5 years.

Be that as it may, slowed down coronavirus boost dealings in Washington and worrying Sino-US strains may hold the dollar under tension and confine losses in EUR/USD.

Then, the US and China postponed an audit of their Phase 1 economic accord at first booked for Saturday and have not reported another date up until this point. President Trump gave a chief request on Friday forcing ByteDance, the Chinese organization behind TikTok, to auction or branch off its US online networking business in 90 days.

GBP/USD Pair Winning the Streak Attack at 1.3100 on Print Three Day

The GBP/USD pair will go up and picks up the bid at the level near the 1.3100 up with 10% during the Monday Morning. The cable pair will stay beyond the 10-day EMA to the Third day according to the press time.

According to the RSI and MACD are both against the further run-up, which thus pushes venders to search for any drawback past at the level 1.3055, involving 10-day EMA, for ways.

It will be traded at the level 1.3000 and the month to month low around the level with 1.2980 can offer an extra channel toward the south, a rising pattern line from June 30, at 1.2885 presently, turns into the key help to watch.

On the upside, 1.3140 and the month to month top around 1.3185 can offer close by protection from the pair in front of the March month's peak including at the level 1.3200.

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EUR/USD Goes Deeper Below and Strengthening Momentum

The EUR/USD pair used the gauge trend strength and the trend changes on the daily chart histogram that producing the deeper bars below the zero line on the bearish momentum.

The trendline support of the 14-day relative strength Index is dived out and signaling to the end of the uptrend to the low level near to the 1.08 that observed in May.

That alongside Friday's bearish covering light recommends scope for a decrease to the level at 1.1729 the lower end of the everyday chart sideways channel. A violation there would move the concentration to the rising trendline support, presently traded at the level 1.1620. On the higher side, a nearby over Friday's high of 1.1883 is expected to negate the bearish viewpoint.

GBP/USD Slipped below to the Monthly Support Line

The GBP/USD was traded at level 1.3090 during this early Monday. The cable pair slipped below to the 100-bar SMA level during this late Friday that breaks the short term support line to the convince seller.

Thus, bears may search for sections under an upward inclining pattern line from July 30, at the level 1.3055 now, before expressing their strength.

In doing as such, 1.3000 and the month to month base around at the level 1.2980 could come back to the figures in front of featuring 1.2915 and July 28 low close to the level 1.2840.

In the interim, an upside break of 100-bar SMA, right now around 1.3105, can focus on the early-month top containing the level at 1.3185 before standing up to March month's top near 1.3200.

If the cable pair stays effective past-1.3200, the ongoing high at the level 1.3265 and December 31, 2019, top close to 1.3285 will be on their radars.

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Technical Analysis Of EUR/GBP USD

EUR/USD Pair Flags the Breakout on the 15-Minutes Chart

EUR/USD jumped above at the level 1.1910 during Monday's Asian trading hours, setting off a bullish banner breakout on the 15-minute outline.

A banner is a continuation pattern it quickens the former move. The currency pair rose from 1.18 to 1.1920 on Aug. 28 preceding becoming a banner.

The breakout, along these lines, shows a continuation of the convention from lows closes at the level to 1.18.

The pattern has made space for a meeting to 1.20 (focus according to the planned move strategy).

The quick preference would turn bearish if the pair falls back below at the level 1.19, exposing the bull banner breakout and moving the concentration to the climbing 5-day straightforward moving normal, presently at 1.1860.

GBP/USD Refreshes on 12- Week Old Resistance Line Goes In Focus

GBP/USD falls from the year's head of at the level 1.3368 to 1.3351 in the midst of the underlying hour of Tokyo open on Monday. All things considered, MACD pushes the bulls while 21-day SMA joins a rising pattern line from June 30 to confine the pair's momentary drawback.

Henceforth, bulls can keep the reins and attack an upward inclining pattern line from the early June month, at the level 1.3383 now, while focusing on December 2019 top close to 1.3515 as the following level.

During the pair's upside past-1.3515, 1.3620 and September 2017 high close to the level 1.3660 can challenge the Cable buyers.

Then, any drawback below March month's top around 1.3200 will bring the statement to 1.3130 help conversion including 21-day SMA and the previously mentioned pattern line.

Regardless of whether the pair slips below at the level 1.3130, the 1.3000 edge and the month to month low around 1.2980 will be limiting the extra south-run.

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Technical Analysis of EUR/ GBP USD

EUR/USD Defend For the Bulls to Defend at the level 1.18

The EUR/USD pair will be traded in a sidelined to the near at the level 1.1837 during this Monday Morning according to the Asian Hours.

The pair will be created the long-tailed candle for the second straight day on this Friday marking to the bear failure below the support level 1.18 and shows the signaling for the reversal higher.

Nonetheless, a move over Friday's high of 1.1865 is expected to confirm a finish of a pullback from the ongoing high of the level 1.2011 and set the bulls back into the driver's seat. On the other hand, a break under trendline ascending from May 14 and July 1 highs would suggest a bullish-to-bearish pattern change. At press time, the trendline uphold is situated at the level at 1.1765.

GBP/USD Old Line Goes Around 1.3250 Seller attack at Seven-Week Support Line

The GBP/USD pair remains on the back foot to the declining level to the 1.3248 goes down 0.23% on the day during the early Monday Trading.

In doing as such, the Cable affronts Friday's Doji light, suggesting an inversion of the past bearish move, in the midst of increasing chances of a no-deal Brexit.

The statement as of now trades almost a momentary helpline, at 1.3245 presently, sponsored by the bearish MACD signals.

In any case, 21-day SMA and a two-month-old rising pattern line, separately around 1.3185 and 1.3140 can scrutinize the traders after.

Then again, a day by day shutting past the 10-day SMA level of 1.3282 will stand up to a momentary flat opposition around the level 1.3360.

For a situation where the bulls figure out how to cross 1.3360, 1.3400 round-figures, and the as of late reflected multi-week high around 1.3480/85 will be at the center of the spotlight.

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