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GBPJPY Continues to Trend Lower as It Is Set to Rebound

GBPJPY Analysis – Price Is Set to Rebound at the 149.60 Price Level GBPJPY is set to rebound at the 149.60 key level. The price is, however, in a bearish state as the market keeps making lower lows and highs. The market continues to retest the trend line channel, and the more it is retested, […]

2 hs

Binance Coin (BNBUSD) Price: Bulls Dominate, Targeting $430 Resistance Level

BNBUSD Price Analysis – October 01 The price may reach the resistance level of $430, in case the mentioned level is broken up, the resistance levels of $503 and $599 will be the target.  Should the bears defend the resistance level of $430, the price may fall towards the support levels of $364, $311 and […]

3 hs

Gold (XAUUSD) In a Downward Move, Faces Rejection at Level $1,760

Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingGold (XAUUSD) has been in a sideways move below the overhead resistance at $1,830. The sideways move has been ongoing since July. On September 2, buyers retested the overhead resistance at $1,830 and were repelled. The market has been on […]

10 hs

Dollar Consolidates Gains, Attention Shifts to Euro

As the Dollar digests this week’s yield-supported surge, selling attention has shifted to the Euro, particularly in cross markets. Meanwhile, increased risk sentiment is helping commodity currencies and Sterling, with the Australian dollar leading the pack. On a stable risk mood, the yen and Swiss franc are normally weaker. The unemployment rate in the Eurozone […]

15 hs

AUDUSD Continues To Rise Amid a Negative Market Outlook

AUDUSD Price Analysis – September 30 During the American session, the AUDUSD gained traction and surged to 0.7257, a new daily high supported by a broad-based US dollar decline. The DXY is down 0.20 percent, marking the first time it has dropped following four days of gains. Despite stable US bond yields and uneven US […]

16 hs

Dogecoin (DOGE) Fluctuates Above $0.20 Support, a Decline to $0.16 Is Likely

Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin’s (DOGE) price has fallen to $0.20 after breaking the previous low at $0.21.Today, crypto is fluctuating above the $0.20 support. Before the recent price fall, the DOGE price broke below the $0.21 support, retested it before resuming the downtrend. Presently, the […]

21 hs

Digital Currency is Beneficial for the Global Economy: BIS Report

A new report published by the Bank of International Settlements (BIS) and a group of central banks assert that digital currency can foster faster settlements and cheaper transfers. About two weeks ago, the head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, asserted that central banks must pick up the mandate and […]

22 hs

USDJPY Rally Continues as It Gains More Bullish Momentum

USDJPY Analysis – Price Continues to Rally Upward as Momentum Increases USDJPY rally continues as the bullish momentum increases. The buyers gained this position after a bullish engulfing candle near the 109.100 significant key level. The bulls then increased the pressure, and the market continues to rally upward. The price is, however, set to reach […]

22 hs

Bitcoin Mining Industry in the US Could Benefit from the Recent China Ban: Florida Mayor

The Mayor of Miami, Florida—Francis Suarez—believes that the crackdown on Bitcoin (BTC) and cryptocurrency by the Chinese government is a significant opportunity for the American market to take advantage of. The mayor, who currently works on building his city into a Bitcoin hub, told Bloomberg that: “The turning point is now. It creates an incredible […]

23 hs

CYCE – The Game-Changing Token that Facilitates Global Impact

Touching base with CYCE, a groundbreaking ERC-20 token that will radically transform the way we think about cryptocurrency. It is the Turkish business Crypto Carbon Energy’s first blockchain initiative, but it is off to a high note. With an aim to combat Global Climate Change, CYCE wants to revolutionize the transformation of renewable energy from […]

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FX Leaders Forex News & Strategies

Choosing the Best Forex Brokers For Trading

All looks simple, but until you come across the worst broker, it is when you’ll realize that trading forex is not a walk in the park. Working with the best forex broker will determine how successful you can become in the market. Interestingly, there’re several brokers available, with almost all of them claiming to be the “best.” However, not all deliver what they promise or simply what they claim to offer. Therefore, it requires that you go the extra mile to define which broker is really the best for your needs.


How Do Brokers know the Stocks to Invest In?

Everybody has got an option, and when it comes to the tricky game of investing and trading, it’s no difference. If you went out to seek recommendations on the stock to invest in, you’d probably get several of them with each professional giving a reason for their choices. But the question stands, how do brokers pick the right stocks to invest in?

Author : Michael Fasogbon


Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.