What Is Candlestick Chart

A candlestick chart is simply a chart composed of individual candles, which traders use to understand price action. Candlestick price action involves pinpointing where the price opened for a period, where the price closed for a period, as well as the price highs and lows for a specific period.

Price action can give traders of all financial markets clues to trend and reversals. For example, groups of candlesticks can form patterns which occur throughout forex charts that could indicate reversals or continuation of trends. Candlesticks can also form individual formations which could indicate buy or sell entries in the market.

The period that each candle depicts depends on the time-frame chosen by the trader. A popular time-frame is the daily time-frame, so the candle will depict the open, close, and high and low for the day.

  • Candlestick charts differ greatly from the traditional bar chart
  • Traders generally prefer using candlestick charts for day-trading because they offer an enjoyable visual perception of price
  • It’s important to understand the key components of a candle, and what they indicate, to apply candlestick chart analysis to a trading strategy

FP Markets launches intuitive Mobile Trading App

One of Australia’s leading fintech companies, FP Markets has announced the launch of The FP Markets Mobile App which is intuitive and feature-packed, allowing traders to carry their trading accounts with them in their pocket.

Available on all Android and iOS devices, the FP Markets Mobile Trading App offers trading on Forex and CFDs across shares, indices, commodities and cryptocurrencies.

Download Now- Android Android and The App store iOS

FP Markets Mobile App Key Features

  • Deposit and withdraw from within the Mobile App
  • Use the ‘Favourites’ menu to create a faster and seamless trading experience
  • Access their account and change settings via the Client Portal
  • Access top-tier liquidity with real-time pricing
  • Conduct research and analysis using a range of trading tools
  • Log in to their MetaTrader 4 account using the same credentials

FBS Personal Area is in Polish Now

FBS, your reliable CySEC licensed broker, is happy to announce that the Polish language is now available in both web and app versions of the Personal Area (PA). The Polish language is widespread among European traders. Many of them prefer to use trading products in local languages. It makes the whole trading experience much more convenient. And FBS gives them such an opportunity. From now on, Polish-speaking traders are able to set their trading process in the language of their liking.

FBS is continually improving the quality of its products. The company has more than 11 years of expertise in the market and appreciate the feedback from the clients. That is why the company presents a new language option.

FBS Personal Area connects traders with the trading platform of their choice. In the PA, traders create new accounts, manage their funds, check the transaction history, provide personal details for secure trading, and even more.

What is more, FBS created its own application called FBS – Forex Broker, where clients can use all the web PA functions. The user-friendly app is available for Android users. Get it on Google Play and check out the local language.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

LegacyFX Partners With Sum And Substance Ltd.

LegacyFX is pleased to announce their collaboration with Sum and Substance Ltd., a UK based KYC and AML compliance firm, across all our platforms.

SumSub provides a comprehensive platform specifically built on a risk-based approach and compliant with various regulatory bodies such as, FATF, FINMA, FCA, CySEC, and MAS. Notable clientele of theirs include MasterCard, Flippa, Exness, Danapay, YouDo, the National Bank of the Republic of Belarus, Dabrabyt Bank, National Bank of Ukraine, and Pravex Bank. Overall, their toolkit enables customer onboarding, KYC verification, AML procedures, and proper data handling measures, all in a user friendly design. They do this by determining the authenticity of an identifying document, comparing the photo in the document to the user’s selfie, checking the user’s age and nation of origin, automatically flag forged documentation, correctly identifies liveliness of real human faces versus holograms, and checks photos and documentation against their internal database of fraudulent materials.

Violeta Koleva, Risk & Fraud Officer :

“Our goal was to make our KYC process easier and faster not only for our customers, but also for our Compliance Department as well. With SumSub, we will now have fast and transparent checks that allow us to identify fraud, fake documents, and money laundering activities, all in a people-friendly interface that is customized to our specific needs to not only improve our workflow but also upholds our security standards.” 

The company aims to use SumSub’s identifying documents verification, AML screening (PEP, Sanctions, Adverse media checks), payment fraud prevention, and liveness/face matching services. Their payment method fraud prevention and verification tool assures that a credit card belongs to the user by identifying potentially stolen bank cards before a transaction is even made. This is achieved by a user uploading a photo or screenshot of their payment method right before the transaction, with SumSub verifying it instantly, while complying with PCI and DSS regulations of blurring the cards information automatically.

FBS Clients Get A Chance To Win $300000

FBS 12 Years promo is a trading tournament with three standard tours and the Grand Finale. At the end of each tour, there will be a raffle where incredible cars such as Audi Q3, BMW X3, and Toyota Alphard, also bikes, and money rewards will be drawn. The registration for the first starts on January 27. The whole promo period lasts from February 1 to June 25. During this time, every participant has an opportunity to get amazing presents by meeting a few simple terms:

  • Join FBS 12 Years tournament.
  • Trade one lot, or invest $50, or invite a friend to get one lucky ticket.
  • Collect as many lucky tickets as possible to increase the chances of getting prizes.
  • Move higher in the tournament rating and have a chance to win $10 000, $20 000, or $30 000.
  • Participate in the Grand Finale and have an opportunity to get a Mercedes-Benz G-Class, a real gold bar of 1 kg, or $300 000!

The promo works in FBS Personal Area (web and app), FBS CopyTrade, and FBS Trader. Don’t forget to update the apps to the latest versions. Participate everywhere to multiply your chances of winning with your reliable broker.

Pepperstone Obtain Five New Licenses Around The World

Pepperstone was first established in 2010 in Australia, where it received multiple awards from the notable Investment Trends for customer service, spreads and support. In 2019, Pepperstone was rated number one for overall client satisfaction and platform features.

As one of the largest MetaTrader brokers in the world, Pepperstone’s vision is a world of digitally-enabled trading for traders to embrace the challenge and opportunity of global markets. The financial technology company has more than doubled in size over the past 12 months in line with its growth targets, expanding and tailoring its product offering into hundreds of new markets including Germany, Cyprus, The Bahamas, Dubai and Kenya

“Nairobi and Dubai are exciting financial hubs and we look forward to continuing to strengthen our product offering, delivering exceptional pricing and building on our already strong relationships with our Middle East and African traders and partners” – said Tamas Szabo, Group CEO of Pepperstone

The broker’s commitment to compliance and regulation sees it licensed in ASIC, FCA, DFSA, SCB, CySec, BaFin and CMA, a total of seven licenses in multiple jurisdictions.

SimpleFX Adds 9 Hot Cryptos To Trade

Cardano, NEO, Binance Coin, Polkadot, EOS, Waves, Tezos, yearn.finance, and Zcash can now be traded on SimpleFX with up to 5x effective leverage. Margin traders are ready to make big profits and the year is just beginning.

Cardano (ADAUSD) is one of the top contributors to the crypto price surge alongside Bitcoin. It accumulated a huge 210% in price in the last 3 months alone. After having a market cap of $9 billion, it is the 6th largest crypto in the world.

Other cryptos were outperformed by NEO (NEOUSD) in the recent sell-offs. While other crypto lost double digits, NEOUSD only slid a few percent. It treks above the longer moving average timeframes, signifying a bullish tone. Trade NEOUSD at $21.83 as of writing.

Everyone wants to trade Polkadot (DOTUSD) as it went up crazily by 325% in just about 5 months. Trading at around $8 as of writing at SimpleFX, traders can easily buy or sell DOTUSD from their laptop or smartphones with up to 5x effective leverage. This means that you don’t need to invest a huge amount to make a big trade.

Binance Coin (BNBUSD) is an attractive symbol too, shown by its ascending pattern starting mid-December last year. It trades at $38 as of writing. Zcash (ZECUSD) also has a bullish tone as it quickly recovered from the selling pressure on Monday. At the time of writing, it is trading at $114.04.

Meanwhile, yearn.finance (YFIUSD) still lacks the overall bullish push. However, shorting has proven to be a major profit-generating move for this symbol. At SimpleFX, no matter if the price flies or plummets, margin traders gain from huge price moves as they speculate on market direction.

Yearn.finance is an industry leader in DeFi. No wonder it’s popular among investors. The same goes for hot symbols like EOS (EOSUSD), Waves (WAVUSD), and Tezos (XTZUSD). Short-sellers turned the price dips into profits. Anyone can trade these symbols because of their cheap prices.

SimpleFX is the best place to start trading cryptocurrencies. No initial deposits needed. Sign up with your email today

Exness Adds Trading Opportunities Feature To Its Trader App

Trading Opportunities displays detailed information about a variety of instruments, including the profit or loss they’ve made within a day. All instruments are grouped by type and sorted by the magnitude of intraday rise or drop. The multiple charts are all real-time and ultra-fast. The feature is available on Android and iOs.

Exness has recently added new financial instruments to its offerings, including the popular stocks of Tesla, Amazon, Apple and Netflix. The number of active traders on Exness doubled in 2020 to 143,560, compared to 2019’s figure of 72,721. The broker closed at 315,585,372 orders last year, and handled withdrawals of $593 million and $100 million from clients and partners.

Alexey Olkov, Product Owner at Exness, comments: By adding features like Trading Opportunities, we are giving our clients a better understanding of the market. We are also providing them with the highest quality education there is, keeping them well informed at all times. We will soon add more trading ideas based on users’ and experts’ sentiments, latest trending news, etc.