Liquidity refers to how easy it is to quickly buy or sell securities for a fair price. If there is high liquidity the bid/ask spread will be tighter and you can trade more without moving the market. On the other hand, in an illiquid market the spread between the bid and ask may be very wide and not very deep.
The belief through which the channel is operated is based on discipline, hard work, and the correct mindset. Bloomberg is a popular name in the financial world and there is a comprehensive YouTube channel featured as well. The Bloomberg QuickTake is a video network that caters to a new generation of both leaders and professionals. This six-week bootcamp with weekly live streams is led by technologist Jessica Rose and built around freeCodeCamp’s Responsive Web Design Certification.
There is no cost for access to FX Academy educational materials and trading tools. The only investment is your time. However, for paying nothing, you give up mentoring or a live trade room that might be offered in a paid course.
The Tradeciety.com channel was started in 2016 and the focus is on aiding traders through the provision of clear and easy-to-understand insights on financial markets. Despite not having more than 100K followers like other channels, TopDog Trading offers valuable educational resources on both swing trading and day trading in Forex in addition to stocks, E-minis, futures, and options. Akil Stokes is a professional trader along with a trading coach who shares free educational trading videos on this YouTube channel. In addition to Forex, Stokes also covers a variety of other topics including motivational tips and tricks for entrepreneurs who wish to grow their business. Meir’s vocation is not only to provide beginner traders with the necessary support in their endeavors, but to help them reach success. In addition to the YouTube channel, Meir also trades in the day trading room on Tradenet and makes a day trading chat room available on the YouTube channel.
Often perceived as an easy moneymaking career, forex trading is actually quite difficult, though highly engaging. The foreign exchange market is the largest and most liquid market in the world, but trading currencies is very different from trading stocks or commodities. Shobhit Seth is a freelance writer and an expert on commodities, stocks, alternative investments, cryptocurrency, as well as market and company news. In addition to being a derivatives trader and consultant, Shobhit has over 17 years of experience as a product manager and is the owner of FuturesOptionsETC.com. He received his master’s degree in financial management from the Netherlands and his Bachelor of Technology degree from India.
But, Nutty promised that she would try her best to return the money from her fans. Thai YouTuber Nutty is now accused of fooling her followers, leading to a multimillion-dollar scam. Authorities also think that Nutty might be linked to people arrested in a fraud case in Malaysia in August that also promised to deliver luxury items.
YouTube is a powerful medium for beginner traders to learn about forex trading.
The YouTube channel serves the same purpose as the website and there are millions of views on the videos featured on the channel. Investopedia is not only an authority website but also a mainstream source of anything regarding investment. Forex trading can be overwhelming, and the Forex Market may be intimidating and daunting, but with the innovative resources available to traders, anyone can become a successful trader in their own time. While some traders may prefer reading material such as tutorials and guidelines, and others solely rely on visual aids to improve skills, YouTube channels such as those listed in this article offer a perfect combination of both avenues. Because the content that you get won’t be as deep as compared to those types of plain vanilla trading educational channels. If you’re new to trading, if you have less than six months of trading experience, and want to learn how to be a trader or learn how to trade, then go to YouTube to find out more about trading to learn what it entails.
This YouTube channel caters extensively to traders who are interested in the technical analysis along with charts as the predominant tool to find profitable trading opportunities. There are numerous traders who share their skills, experience, and knowledge in addition to trade tips, tricks, and ideas on YouTube, which is free to view by any traders looking for ways to refine their trading. While Natthamon hasn’t been seen on social media since June, followers are speculating that she’s fled the country, the Nation reported. Still, immigration records show she hasn’t left Thailand, said Wattana. If an Investopedia article doesn’t make much sense, then you are sure to find a video that explains it with a video on their YouTube channel.
Nutty advertised forex trader courses and flaunted images of her purported profits to Instagram. Patrick Wieland is a Momentum Day Trader who started his YouTube channel in 2017. The purpose of this channel is to share Wieland’s journey with Day Trading in addition to providing personalized investment advice, although it is based on personal opinion and should only be used for informational purposes.
I general, liquid currency pairs are those that are active and have high trading volume. Tokyo, Japan (open 7 p.m. to 4 a.m.) is the first Asian trading center to open, takes in the largest bulk of Asian trading, just ahead of Hong Kong and Singapore. The currency pairs that typically have a fair amount of action are USD/JPY (or U.S. dollar vs. Japanese yen), GBP/USD (British pound vs. U.S. Dollar), and GBP/JPY (British pound vs. Japanese yen). The USD/JPY is an especially good pair to watch when the Tokyo market is the only one open, because of the heavy influence the Bank of Japan (Japan’s central bank) has over the market. OctaFX’s long-standing demo contest runs for a month and has a $1,000 prize fund. The prize amounts for the first, second, and third positions are $500, $300, and $100, respectively.
Indonesia’s rupiah weakened to again breach the 10,000-to-the-dollar level as traders sold off the currency amid fears the central Bank Indonesia would not keep up last week’s aggressive defence. On her equiti broker official Instagram account, Nutty is also known for her foreign exchange private courses. Now that crypto has lost its shine, people are finding new ways to rob people of their hard-earned money.
Dukascopy Bank has developed a marketplace for P2P exchange of cryptocurrencies. It is organized as a bulletin board, whereby the clients can place their offers to buy or sell tokens against fiat currencies. Currently, the list of available tokens includes 12 major names with further plans to expand the accessible instruments to altcoins and NFTs. Dukascopy Bank enables new cooperation with the registered Swiss/Lichtenstein digital assets exchange Smart Valor. Later, Nutty shared on Instagram that she had made a “trading mistake” and lost all the money, SCMP said in its report.
Login to your account and have the opportunity to trade on Metatrader 4 from anywhere in the world via your iOS device. There are many trading pairs, trading styles and analytical tools to choose from. In essence, there are lots of advantages to forex trading as a career, but there are disadvantages as well.
Residents of other countries can continue to use all other services of the Bank and will be timely informed on developments of the Bank’s card program. Several months have gone by since JForex4 platform was made available on DEMO. Rich in features and with an accent on user friendliness, the software’s passed its stability test with flying colors. As part of future developments, the Bank intends to offer API-based connectivity to the P2P marketplace for more sophisticated customers who would like to get more automated order control and advanced trading functionalities.
This provides the highest level of liquidity, which means even large orders of currency trades are easily filled efficiently without any large price deviations. This eliminates the possibility of price manipulation and price anomalies, thereby enabling tighter spreads that lead to more efficient pricing. Perseverance, continuous learning, efficient capital management techniques, the ability to take risks, and a robust trading plan are needed to be a successful forex trader. There is a steep learning curve and forex traders face high risks, leverage, and volatility.
The USD/CAD currency pair tends to be negatively correlated with theAUD/USD, GBP/USD, and EUR/USD pairs due to the U.S. dollar being thequote currencyin these other pairs. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. Overnight trading refers to trades that are placed after an exchange’s close and before its open. A national currency is a legal tender issued by a central bank or monetary authority used to exchange goods and services. London, a central trading capital of the world, accounts for roughly 43% of global trading, according to a report by BIS.
In addition to having his own channel, he is also the founder of TradingwithRayner. The possibilities are endless, and it has never been easier for traders to build on their skills, knowledge, and experience than by making use of YouTube. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens. Like Bloomberg, to keep on top of developments in different markets and track fundamentals, the Financial Times YouTube channel is a crucial resource for any investor. If you happen to be that kind of trader or you’re feeling like this, my suggestion is to stop watching trading videos on YouTube.
Hence, 10 per cent weight for India in the index will attract $30 billion of inflows versus current foreign ownership of $17.8 billion. The monthly inflows of $3 billion would start in Q4FY23, spanning over 10 months until Q2FY24, they said. They also said they expect the inclusion to drive in as much as $30 billion into the country next fiscal alone, even though there is no clarity on the tax breaks, which is a necessary condition for inclusion. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
Also, a country that has higher interest rates through their government bonds tend to attract investment capital as foreign investors chase high yield opportunities. However, stable economic growth and attractive yields or interest rates are inexorably intertwined. In general, the more economic growth a country produces, the more positive the economy is seen by international investors. Investment capital tends to flow to the countries that are believed to have good growth prospects and subsequently, good investment opportunities, which leads the country’s exchange strengthening.
The Advanced Playlist caters to experienced traders who would like to further refine their trading skills with topics such as detailed stock market mechanics, and how to run an options trading business, amidst numerous others. As with choosing a broker and trading platform, finding a YouTube channel to follow will depend on the individual trader and what their trading needs and objectives may be. It is therefore imperative that traders take their time in evaluating the options before making a choice.
Being your own boss with the comforts of making money using your laptop/mobile is enough motivation for both young graduates and experienced professionals to consider forex trading as a career. A YouTuber in Thailand has allegedly scammed her followers to the tune of $55 million in a foreign exchange trading scam, Bloomberg reported. As a global leader in financial market research as well as investment analytics, Trading Central launched its YouTube channel in 2013 to provide traders with additional information on financial news.
Criteria for choosing a pair can be convenient timing, volatility patterns, or economic developments. A forex trader who loves volatility can easily switch from one currency pair to another. Thai authorities have issued https://broker-review.org/ an arrest warrant for Natthamon “Nutty” Khongchak, an influencer and YouTuber they say scammed followers out of 2 billion baht (about $55 million) in a foreign exchange trading scam, before fleeing the country.
Even strategies requiring extensive use of tools and a high level of trading discipline can be practiced on a demo account. MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides. For experienced traders who wish to forward test or back test their strategies and practice their trading skills, our demo accounts offer even more, providing an unlimited balance and full support of various trading robots. Test trend following, breakout, momentum, and other strategies on your way to create the best trading plan. The Forex market offers attractive opportunities for traders, but also involves risk.
They watch various economic calendars and trade voraciously on every release of data, viewing the 24-hours-a-day, five-days-a-week foreign exchange market as a convenient way to trade all day long. Not only can this strategy deplete a trader’s reserves quickly, but it can burn out even the most persistent trader. Unlike Wall Street, which runs on regular business hours, the forex market runs on the normal business hours of four different parts of the world and their respective time zones, which means trading lasts all day and night. Automated trading strategies using advanced EAs are needed to continuously monitor fluctuations across different currencies.
Most such developments are already perceived and priced into the market. Such a decentralized and deregulated market helps avoid any sudden surprises. Compare that to equity markets, where a company can suddenly declare a dividend or report huge losses, leading to huge price changes. Compared with any other financial market, the forex market has the largest notional value of daily trading.