How strong is the US dollar? Volatility amid 2023 recession fears
How strong is the US dollar? Volatility amid 2023 recession fears The greenback has managed to hold on for much longer than initially expected. Although it has maintained its decade-long bull run, entering 2023 with a 43 percent surge in value since 2011, financial analysts are anticipating the start of a bearish period after the shadow of a recession became...
Crypto trading amidst tech winter: Should you still invest in crypto?
Crypto trading amidst tech winter: Should you still invest in crypto? Much of the tech world is experiencing a massive upheaval. Tech giants like Meta and Tesla are all seeing their stocks plummet in the wake of unfulfilled promises and questionable development choices while bringing their employment rates down. However, cryptocurrency went through its own long winter before the rest...
From renewables to hybrid robo-advisors: Top investment trends to look out for in 2023
From renewables to hybrid robo-advisors: Top investment trends to look out for in 2023 The year 2022 witnessed a worldwide economic slowdown and various industrial collapses. With geopolitical tensions rising and worldwide financial downturns hitting their peaks, economists predict a global recession in 2023. Although the world's economic situation seems dire, investors are looking at a handful of trends to...
Euro 2023 outlook increasingly bullish amid global recession
How strong is the US dollar? Euro 2023 outlook increasingly bullish amid global recession The European Central Bank (ECB) predicts a positive outlook for the euro in 2023. However, markets need to recognize the progress made since June as the continent works to mitigate the effects of the Ukraine war and supply disruptions. It was a significant accomplishment to reach...
Market Update 22.02.22 – More trouble up ahead?
Market Update 22.02.22 - More trouble up ahead? We do not want to have a bullish or bearish bias but rather use technical analysis and inter-market analysis to tell us where the market could be headed next. Let’s get started: NYMO:SPX NYMO (NYSE McClellan Ocsillator) is a market breadth indicator. Previous corrections have shown that they were met with breadth...
Market Update 16.02.2022 – How long will the bounce continue?
Market Update 16.02.2022 – How long will the bounce continue? We do not want to have a bullish or bearish bias but rather use technical analysis and inter-market analysis to tell us where the market could be headed next. Let’s get started: IWM daily chart: Yesterday, the IWM saw a large bounce in percentage terms but if you look...
Market Outlook 14.02.2022 – Will the markets continue to crash??
Market Outlook 14.02.2022 – Will the markets continue to crash?? Hello and welcome back! We do not want to have a bullish or bearish bias but rather use technical analysis and inter-market analysis to tell us where the market could be headed next. Let’s get started: Market heat map for the week ending 11.02.22: Large Tech companies like sold off...
Market Update 07.02.2022
Market Outlook 07.Feb.2022 Disclaimer: For entertainment and educational purposes. Not financial advice. Make sure to do your own research prior to investing. We do not want to have a bullish or bearish bias but rather use technical analysis and intermarket analysis to tell us where the market could be headed next. Let’s get started: Market heat map year to date:...
Bitcoin To Outperform As Corona Crisis Exacerbates?
We analyse the drivers behind the March sell-off to uncover Bitcoin performance and make a case that BTC could outperform in the long-run as monetary expansion and large fiscal deficits increase the risk of inflation in economies outside the US. Bitcoin advocates have long been anticipating that the world’s first digital currency would outperform during the first global economic crisis...
Oil & Commodities Crash May Spur Stock Market Sell-Off
Choosabroker reviews price movements in the commodities markets. Both oil and lean hog futures have recorded volatile price swings in recent months with oil futures briefly moving into negative territory; effectively a oil and commodities crash. With oil prices remaining low, there is significant potential that the depressed prices can impact markets beyond the oil and gas industry. With oil-exporting...
Are ETFs Low Risk And Suitable For Beginner Investors?
All investments require a substantial amount of capital to create a diversified portfolio. These capital requirements pose challenges to newbie investors, who often have low investment funds. However, the Exchange Traded Funds (ETFs) make the process easy for investors even when they have little capital. The risks involved are also low. Here are the other features which make ETFs the...
Do You Think a Stock Market Crash is Coming?
Choosabroker analysts review why a stock market crash seems increasingly likely and the top trading products which can be used to bet on it. Macroeconomic conditions have certainly been appearing increasingly fragile over recent years. Some of the biggest economies in the world have been on the brink of recession in 2019 while several large-scale banks are coming dangerously close...
US Equity CFDs Retrace Decline But Downside Risk Remains Presents
Major equity indices worldwide have been tumbling as Covid-19 brought the world to a standstill. Borders were shut, businesses were forced to close, and consumers quarantined. On top of all this, data shows a high percentage of businesses and consumers were swimming in debt with barely enough income before the crash to meet monthly expenses. Given that spending has halted...
Get Rich Mining Bitcoin
Do you want to get rich mining Bitcoin? As the lure of mining Bitcoin continues to attract capital into the cryptocurrency industry, we explore whether mining is still a viable option for the retail trader. Mining Millions – Myth or Reality? The idea is seductive. Set up your computer to mine cryptocurrencies and sit back while the cash flows in....
CFDs & ETFs explained
The Contract for Differences (CFD) and the Exchange-Traded Fund (ETF) are two financial instruments that have garnered great favor and popularity with traders. This is justifiably so since the characteristics of the two instruments are perfectly tailored for short-term traders, as opposed to long-term investors. There are a number of brokers that specialise in CFD trading as well as having...
How forex robots work
The forex market is among the most versatile markets around the globe mainly because of the different techniques and strategies applied by different players. Different traders have different expertise levels and employ a wide range of styles to beat the odds. One the most common and modern ways of trading in FX is the use of software to automate trading...
Gold Poised For Upside Outbreak Amid COVID-19 Concerns
Gold is the most widely recognized safe haven asset. The recent economic turbulence has increased interest in gold. The asset appears poised for a breakout as several technical and macroeconomic factors bullishly align. The global economy has been rattled by the COVID-19 outbreak. While many analysts had doomsday predictions for future economic growth given the phenomenal growth of the past...
What forex platform is the best?
Forex trading is an exclusively digital venue that offers people from around the globe an opportunity to trade commodities, futures, and currencies remotely through the internet. It is by far the largest marketplace moving trillions of dollars in a day. The favorable market conditions, as well as low entry barriers, have contributed to its widespread adoption. To begin trading all...
What’s the Outlook for Forex in 2020?
Choosabroker analysts review how the forex market is shaping up in 2020. With a shaky start to global equity markets, we review what forex opportunities may arise amid shaky macroeconomic conditions for retail and day trading. Asian domestic currencies look relatively weak while safe haven currencies may be positioning for explosive moves to the upside. Global markets have gotten off...
What’s day trading?
Whether it is in relation to Forex, digital assets such as bitcoin or even mainstream stocks, Day trading has been receiving what I would term as an inordinate amount of praise. First, let’s put the record straight on what Day trading is not. Day trading is not an investment where you bet on the value of an asset in the...
Forex Outlook May 2020
Dollar Strength Dominates In Volatile Forex Market - Forex outlook May 2020 With the vast majority of debt circulating around the global economy denominated in USD, the dollar has been strong as the COVID-19 crisis exacerbates. Emerging markets are particularly put under pressure as their domestic currencies decline against the USD. The forex markets have had an onslaught of fresh...
Day trading stocks or Forex
Trading is one of the most exciting, yet challenging careers in the world. Whether you trade the Forex market or invest money in stocks, chances are very high you have struggled at one time before you started making consistent profits from this market. For this very reason, many people quit this profession. However, things have really changed as more brokers...
How forex scams work
The forex market often referred to as the FX market is the largest trading market in the world, trading $5 trillion on a daily basis. The market is open on a 24 hours basis, allowing anyone around the globe to participate. FX market is characterized by constant price fluctuations that increase the potential for traders to make good returns. The...
Why Choosing The Wrong Broker Hurts
An investment broker is expected to be a significant asset for your market connections. This is because they link the investors to the markets, and allow them to purchase bonds, stocks, and other securities effectively. Unfortunately, the brokers we have in the field today are not the same. Some are experienced and professional while others are not. For this reason,...
Cryptocurrency Trading is Back in 2019
Cryptocurrency trading has sparked back into action in 2019. With triple-digit returns being observed, it is easy for traders to get carried away. Risk remains a key part of the equation and we delve into both the past data and theories from analysts to assess how risk relates to returns in the cryptocurrency markets. Quick take; Both bitcoin and altcoins...
Which Forex Currency Pairs to Trade
In the forex (foreign exchange) market, there are as many currency pairs as there are currencies in the world, and all pairs can be exchanged so long as they are quoted by a broker. However, not all pairs are suitable for “trading for profit” based on trading strategies that seek to profit from price movements resulting from inefficiencies in supply...
Can forex make you a millionaire?
I have come across this question multiple times in different forex sites and forums. I know the instinctive reaction by most traders and experts would be an unequivocal no to this question, but this response ought to be qualified. If you have deep pockets or you are a hedge fund or even a major bank with exceptional trading skills, you...
Which Forex Pairs Are the Most Volatile
The forex market is without question the largest market in the world in terms of average daily volume traded. The forex market trades an average daily volume that exceeds $5 Trillion per trading day. Volatility in the forex market is equally unmatched with respect to other markets. There are several factors that impact this attribute of the forex market. First,...
Commodities Trading: The Basics
Commodities trading is in many ways similar to stock trading with respect to the mechanics of trading both markets. Stock trading is done at a centralized exchange like the New York Stock Exchange (NYSE). Similarly, commodities futures are also traded at a centralized exchange such as the Chicago Mercantile Exchange (CME). Just like stocks, both long and short positions can...
How will the 2020 Halving Impact Bitcoin Price?
Choosabroker details the most significant event of the 2020 calendar year for Bitcoin. With the majority of analysts anticipating significant price increases as the halving approaches, our team explains what exactly this event is and how to potentially capitalize on any price movements which may occur. Everybody in the crypto industry is speculating about the impact the 2020 halving will...
Who Are Forex Brokers
The forex market is ultimately made up of everyone and anyone who participates in the exchange of one currency for another. Whether it’s the tourist that exchanges a few hundred dollars for vacation spending, a large multi-national corporation conducting a multi-billion-dollar international transaction, or anyone in between including traders entering and exiting long and short positions, all participants in foreign...
How to compare online stock brokers
Finding the perfect broker for your full time day trading job is really hard. Over the past few years, hundreds of online brokers have been established to offer financial trading services. Some of them are doing really great and offering premium quality trading services, but some of them are horrible, and their clients are losing more money with them. It...
Why Forex Traders Are Rich
Trading in the forex market is one of the few opportunities in the world in which almost anyone can become very wealthy in a relatively short period of time. With an average daily trading volume in excess of $5 Trillion per trading day, the forex market is far and away the largest and most liquid financial market in the world....
Why Forex is Better Than Stocks, or Not
The long-standing debate as to whether the forex market is better than the stocks market, or vice-versa, continues unabated by the proponents of each. Participants of the two markets firmly espouse the notion that their market is better than the other. Turns out that both markets have advantages and disadvantages depending on the type of trading that is done. Both...
Should I Invest In ETFs Or CFDs?
With so many investment vehicles having been introduced in the market in the past few years, it's not surprising that most investors continuously ask to know the best option for them. Among the top products which many investors seek are ETFs and CFDs. The two investments are commonly confused, but they are the not the same. Many differences exist between...