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Top 10 Forex Brokers in India
In today’s thriving world of Trading, selecting a trustworthy broker is important. When trading forex in India, traders should make sure their broker complies with the rules established by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI), in addition to selecting a platform that offers competitive spreads and a variety of currency pairs.
We set out to investigate an online currency trading platform that has been approved by SEBI and the RBI in this blog post. Come and understand a list of carefully selected firms that will establish the benchmark for security and legitimacy in Indian Forex trading.
List of Top 10 Forex Brokers in India
The top forex trading platforms in India are listed and reviewed below, along with comprehensive details on each platform’s features and attributes.
CapitalXtend
CapitalXtend is a prominent Forex broker providing exclusive benefits that far surpass the rest. With an impressive 1:5000 leverage, traders can unleash huge possibilities. With eminent forex trading conditions with the lowest spread at 0.0 and free access to more than 300 instruments, CapitalXtend empowers investors with the needed tools for success in the volatile currency market.
OANDA
OANDA, well a reputed forex streaming platform in India, with its user-friendly interface and robust features. Having a reputation for reliability and transparency, It provides access to many currency pairs and trading instruments. Globally trusted, It is the forex traders’ top pick when it decide to navigate the forex market with confidence.
AvaTrade
AvaTrade is a leading trade forex online platform for trading which is well known for its tight spread and zero commission charges. Offering up to 30:1 AvaTrade provides powerful leverage and instant execution, offering traders convenient and flexible trading platforms. With 24/7 support by your side, you can face the markets with confidence, knowing help is always at hand.
CMC Markets
CMC Markets towers as a leader forex broker with more than 300 forex pairs, 70+ indices, 18+ cryptocurrencies, 11000+ shares & ETFs, 90+ commodities, and 40+ treasuries to its credit. Starting as low as 0.5 pips with a wide array of offerings, it calls to traders looking for varied opportunities.
Inveslo
Inveslo becomes the top choice forex broker with the high grades of benefits provided. With a generous 1:2000 leverage, traders can add possible gains. With a minimum spread of 0.01 and access to over 300 financial instruments, Inveslo provides traders with multiple choices. Additionally, their 24/7 multilingual support guarantees assistance is always on hand.
eToro
eToro a multi-asset forex trading online platform allows you to trade forex with more than 3000 financial instruments and 5000+ trading assets. Benefiting from the transparency of all the fee calculations, it is an ideal fit even for those with little experience for it comes with simple and intuitive solutions. Ease of use makes trading through this platform pleasant and it has become traders’ first choice.
IronFx
IronFX, trusted by more than 1.5 million retail clients, provides top-tier trading conditions and 24/5 multilingual support. Known for its reliability, it’s the one to turn to for trading Forex CFDs and a variety of financial instruments. The journey of the traders with IronFX is made convenient as they get a reliable partner.
Plus500
The leading forex broker Plus500 offers streamlined trading. Using an easy-to-use platform the traders have access to a huge variety of forex pairs and CFDs. Plus500 is characterized by its simplicity and reliability, attracting both novice and experienced traders looking for a straightforward approach to forex trading.
Pepperstone
Pepperstone, the leading forex brokerage firm, offers minute spreads starting from the commission of 0.01 lots on a per-lot basis, offering cheap trade solutions to traders. Known for its openness and cost-wiseness, Pepperstone facilitates trading strategy execution. Being a popular choice for traders, It is considered a perfect platform in that regard.
TD Ameritrade
TD Ameritrade, one of the biggest currency trading platforms, provides all-encompassing investment services. With a user-friendly platform, powerful research options, and access to a variety of investment products such as stocks, ETFs, options, and futures, TD Ameritrade has tailored its offerings to suit investors of all levels, giving them the ability to reach their financial goals.
Suggested read: Forex Trading for Beginners
Final Verdict
It is advisable to limit your search for the best forex broker for trading in India to those who are well-licensed and regulated. The Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) have imposed various limitations on currency trading but have not yet developed a framework for regulating or licensing forex brokers.
This is why, local traders in India frequently do business with foreign companies. To help provide a more secure and safe trading environment, we have listed the top 10 regulated forex brokers in India that accept Indian clients and are overseen by foreign financial authorities. It’s crucial to remember that not all overseas brokers are subject to the same regulations.
Originally Published on Medium
Source: https://mattwilliamscorp.medium.com/top-10-forex-brokers-in-india-2d7b47820c1f
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Top Forex Brokers of 2023: A Review of Their Features and Services
Introduction:
With a daily trading volume of over $6 trillion, the Forex market is one of the world's largest and most liquid financial markets. With such a vast market, finding the right Forex broker can be a challenging task. There are a plethora of options available, each with its own set of features and services. This article will review the top 10 Forex trading platforms of 2023. Providing you with all the essential information to make an informed decision.
IG:
IG is a UK-based broker with over 45 years of experience in the industry. They offer access to over 17,000 financial markets, including Forex, CFDs, and cryptocurrencies. IG is a regulated broker, ensuring the safety and security of client funds. Their platform is user-friendly, offering advanced charting tools and a range of trading indicators. IG also provides educational resources, including webinars and trading guides, to help traders develop their skills.
CMC Markets:
CMC Markets is a UK-based broker that has been operating for over 30 years. They offer a range of financial products, including Forex, CFDs, and spread betting. CMC Markets is a regulated broker, ensuring client funds are protected. CMC Markets also provides educational resources, including webinars and trading guides, to help traders develop their skills.
eToro:
eToro is a social trading platform that enables traders to replicate successful traders' trades. They offer a range of financial products, including Forex, stocks, and cryptocurrencies. eToro is a regulated broker that ensures the safety and security of client funds. Their platform is user-friendly, with a range of tools for the both beginners and advanced traders. eToro also provides educational resources, including webinars and trading guides, to help traders develop their skills.
Pepperstone:
Pepperstone is an Australian-based broker that has been operating for over ten years. They offer a range of financial products, including Forex, CFDs, and cryptocurrencies. Pepperstone is a regulated broker, ensuring the safety and security of client funds. Pepperstone also provides educational resources, including webinars and trading guides, to help traders develop their skills.
XM:
XM is a Cyprus-based broker that has been operating for over ten years. They offer a range of financial products, including Forex, CFDs, and commodities. Their platform is user-friendly, with many tools and indicators for advanced traders. XM is a regulated broker, ensuring the safety and security of client funds. XM also offers learning resources, such as webinars and trading guides, to help traders improve their potential.
Forex.com:
Forex.com is a US-based broker that has been in the industry for over 20 years. They offer a range of financial products, including Forex, CFDs, and cryptocurrencies. Forex.com is a regulated broker, ensuring the safety and security of client funds. Forex.com also provides educational resources, including webinars and trading guides, to help traders develop their skills.
FXTM:
FXTM is a Cyprus-based broker that has been operating for over 10 years. They offer a range of financial products, including Forex, CFDs, and cryptocurrencies. FXTM is a regulated broker, ensuring the safety and security of client funds. FXTM also provides educational resources, including webinars and trading guides, to help traders develop their skills
AvaTrade:
AvaTrade is an Irish-based broker that has been operating for over 15 years. They offer a range of financial products, including Forex, CFDs, and cryptocurrencies. AvaTrade is a regulated broker, ensuring the safety and security of client funds. AvaTrade also provides educational resources, including webinars and trading guides, to help traders develop their skills.
Plus500:
Plus500 is a UK-based broker that has been operating for over ten years. They offer a range of financial products, including Forex, CFDs, and cryptocurrencies. Plus500 is a regulated broker that ensures the safety and security of client funds. Plus500 also provides educational resources, including webinars and trading guides, to help traders develop their skills.
IC Markets:
IC Markets is an Australian-based broker that has been operating for over ten years. They offer a range of financial products, including Forex, CFDs, and cryptocurrencies. IC Markets is a regulated broker that ensures the safety and security of client funds. IC Markets also offers educational materials. It includes webinars and trading guides to assist traders in improving their skills.
Conclusion:
Given the abundance of options, selecting the best Forex broker can be a tough task. Yet, by considering the features and services offered by each broker, you can narrow down your options. Then find the one that best suits your trading needs. The top Forex brokers list of 2023 reviewed in this article are all regulated and provide educational resources to help traders develop their skills. The choice of a Forex broker depends on your trading style and preferences. So, take the time to search and make an informed conclusion. Get a detailed report about these best online forex brokers from Trading Critique. Visit our website today and join the learners' community.
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Hoe werken cfd's?
Grote kans dat je de reclames van Plus500 al eens tegen bent gekomen. Plus500 biedt een platform aan mensen die in contract for difference willen investeren. Investeren in contract for difference komt vaak voor bij beleggers en investeerders. Dat komt omdat cfd’s vele voordelen te bieden hebben ten opzichte van normale aandelenhandel of het kopen van opties. Wil jij beginnen met cfd trading? Zo ja, dan is het handig om te weten wat contract for difference inhoudt. In dit artikel leggen we je alles uit over cfd’s, vertellen we je welke risico’s en nadelen cfd trading behelst en geve we een profiel om te zien of jij geschikt zou zijn als cfd trader. Zo leer jij cfd’s kennen en kun je onderbouwd beslissen of jij je wil gaan bezighouden met de handel in cfd’s.
Wat is een cfd?
Een cfd (afkorting voor contract for difference) is een product binnen het beleggen dat gebruikt kan worden om te speculeren op koerswijzigingen. Het is een derivaat, wat betekent dat je het gekochte product niet in handen krijgt. Een cfd biedt de optie om zowel op stijgende koersen (long) als dalende koersen (short) een contract af te sluiten. Goed nieuws, ook voor gebruikers van Plus500. Want daarmee kun je ook speculeren op dalende prijzen van bijvoorbeeld aandelen, valuta, grondstoffen, indices, zilver, goud of crypto. Een contract for difference kan gesloten worden tegen een hefboom. De hefboom maakt het mogelijk om een veelvoud van je oorspronkelijke beschikbare vermogen te gebruiken. En dat maakt het mogelijk om ook met weinig geld te speculeren en toch forse winsten te maken. Anderzijds kun je ook hard flink verliezen als de hefboom de andere kant opschiet. Een cfd sluit je altijd af bij een erkende bank of broker.
Karaktereigenschappen cfd traders
Investeren in cfd vereist andere skills dan het aan- en verkopen van aandelen of valuta. Beslis aan de hand van de volgende eigenschappen of jij geschikt bent voor het traden in cfd s. De cfd belegger moet zeer stressbestendig zijn, want de koers van een cfd wijzigt aan de lopende band en een koers die op het ene moment nog stijgt kan een moment later dalen, of andersom. Je moet als cfd trader je emoties beheersen en nooit op gevoel afgaan. Daarmee kun je geld verspillen en te snel cfd’s van de hand doen die later winstgevend zouden kunnen zijn. Je moet als belegger in contract for difference redelijk kunnen analyseren om te bepalen wat een koers mogelijk gaat doen. Als jij deze skills beheerst is de kans groter dat je succesvol gaat zijn op de cfd beurs.
Misvattingen over cfd trading
Helaas gaat er ook veel onjuiste informatie rond over cfd trading. Voor jouw beeld zetten we de grootste misvattingen op een rijtje voor je zodat je ongehinderd verder kunt met je te verdiepen in de cfd handel. Cfd handel is geen vorm van gokken, want je zet niet zomaar zonder nadenken je geld in en wordt door alle partijen geadviseerd info in te winnen en analyses na te lezen. Trading in cfd kan er niet voor zorgen dat je meer geld dan je inleg verliest. Sedert 2018 zijn er door diverse partijen, waaronder ESMA, nieuwe afspraken opgesteld die dat bepalen. Risico van een negatief bedrag is voor de broker en niet langer voor jou als belegger. Contract for differences zijn ook geen vorm van fraude of manier om je op te lichten, maar erkende beleggingsproducten die je enkel bij een gecontroleerde bank of broker af kunt sluiten. Verdiep je snel verder in cfd’s om te zien dat het veilige producten zijn.
Samenvatting
Dit uitgebreide artikel gaf antwoord op de vraag ‘wat zijn cfd’s?’ en rekende ook nog eens af met veel gehoorde vooroordelen. Daarnaast is eerlijk aangegeven welke trekken een cfd trader dient te hebben om succesvol te kunnen handelen. Hopelijk vind jij het nog steeds interessant en de moeite waard om je verder te verdiepen in cfd’s. In dat geval raden we je aan om er sowieso meer over te lezen, bijvoorbeeld over de risico’s, een mogelijke stoploss, en de vele producten waarop je een cfd kunt afsluiten. Als je al wil beginnen met cfd trading, raden we je aan een nepaccount te nemen. In dit account kun je lekker oefenen met cfd trading en zien hoe je trades uitpakken, alvorens met je eigen fortuin aan de gang te gaan.
Plus500
Plus500 is een betrouwbaar platform dat gebruikt kan worden om in cfd te beleggen. Lees ook deze uitgebreide Plus500 review.
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Best Forex Brokers in UK (FCA Regulated)
Best Forex Brokers in UK (FCA Regulated)
As the currency market is a decentralized entity, trading and processing of orders are carried out online. It is, therefore, necessary that you open an account with a broker that provides an online platform for trading forex. If you are a UK resident, then it is a good idea that you work with a forex broker that is based in the UK or at least has an office operating in the country. However, the problem is that there are a number of forex brokers out there in the market and identifying the right one to work with can be a challenging task, especially if you are new to forex trading.To get more news about fca regulated forex brokers, you can visit wikifx.com official website.
FXOpen UK, a popular metatrader ecn forex broker in the UK, offers several helpful features on their platform including expert advisors, technical analysis tools, indicators and professional graphics. Founded in 2013 and headquartered in the London UK, FXOpen is authorised and regulated by the Financial Conduct Authority under FCA firm reference number 579202. FX OPEN UK accepts Traders with Minimum deposit required to start trading on their platform is $300 and the minimum lot size offered by the broker is 0.01. The forex broker offers leverage up to 500:1 and makes available floating spreads starting from 0 pips. When it comes to trading platforms, FXOpen offers a wide range of platforms including MetaTrader 4, WebTrader and Mobile Trading Platform. As regards transfer of funds, options available with FXOpen include Wire transfer, credit/debit cards, Neteller and Skrill Moneybookers, Payza and Webmoney.
The online forex broker Plus500 UK Ltd is authorized as well as regulated by the Financial Conduct Authority. The forex broker services both institutional customers and retail investors and offers No Dealing Desk currency trading facility. PLUS500 UK which has its headquarters located in the UK was founded in 2008. Traders have to deposit a minimum of €100 if they want to use the broker’s platform for trading forex. The minimum position size offered by the company 0.01 and the leverage that traders can avail is 294:1. Spreads can be as low as 0.01%” (0.01% = spread for EUR/USD). Plus500 offers multiple trading platforms such as Windows Trader, WebTrader, Windows 10, Android App, Windows Phone App & iPhone App/iPad App/Apple Watch App. Payment options offered by the forex broker include Credit Card, PayPal, Wire Transfer, Skrill MoneyBookers.
XM, an online currency trading platform provider, was founded in 2009. The forex broker offers MetaTrader trading platform and more than 100 instruments from asset classes such as currencies, CFDs on stocks and precious metals. XM which serves both institutional as well as retail customers in more than 196 countries has established over 4 offices around the world. Traders who open accounts on their platform will have to deposit a minimum of $5 in order to start trading. While the minimum position size offered is 0.01, the leverage can go up to 888:1. XeMarkets is regulated broker by ASIC Australia, CySEC, FCA (UK), BaFin. XM broker offers low spreads From 1 Pips. Multiple forex platforms offered by the broker include MetaTrader 4, and Web, iPhone/iPad and mobile trader. When it comes to payments, options include Credit/ Debit Card, bank wire transfer, local bank transfer, Neteller, Moneybookers Skrill, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL.
1. Guaranteed credibility
All Forex brokers that are regulated by the Financial conduct authority (FCA) are required to submit financial reports to the regulatory body. This body scrutinizes the reports to make sure they are in line with set policies for secure and efficient Forex trading. This, therefore, means that regulated brokers are always credible since they are monitored. Also, another role of FCA is to fairly resolve disputes between Forex traders and brokers. So, trading with FCA UK forex brokers means that you are protected in case any disputes arise between you and your Forex broker.
2. Ensure investors’ money is safe
According to the FCA rules, FCA UK forex brokerage firms must keep their funds separate from the investors’ money. Keeping investors funds in a different account ensures that the brokerage firm cannot use the clients’ funds to cover any of its expenses.
Having segregated accounts safeguards the investors’ money in case of a financial crisis or bankruptcy. In such scenarios, the broker cannot use your money to pay its creditors. The FCA requires that the broker compensates the investor first. So when working with a regulated broker you are guaranteed safety for your money despite any financial situation the broker might face.
Given the uncertain financial conditions, you have to be sure your money is always safe. FCA has got you covered! Time and again, the regulatory body reviews all the FCA UK forex brokerage firms to ensure they maintain separate accounts for investors and the firm to keep your money protected from uncertain market conditions.
3. Enhances the chances of making profits for investors
It is usually easier to trade and make profits with FCA UK forex brokers than unregulated brokers. FCA monitors all regulated brokers to ensure they provide the right tools to make Forex trading simpler for the investors. It does this by ensuring the software used by brokers for trading meets the traders’ needs.
In addition, it ensures that Forex traders have access to the right information and support from the brokers. The FCA UK forex brokers should be able to answer the investors’ questions and provide help in case of any difficulties. This is in a bid to make Forex trading easy and profitable to the traders.
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New Post has been published on https://coinprojects.net/filecoin-price-pumps-but-product-concerns-remain/
Filecoin price pumps but product concerns remain
Filecoin price popped to the highest level since December 16 despite the rising risks of its utility. It rose to a high of $3.31, which was much higher than the year-to-date low of $2.3. Other storage tokens like Siacoin and Storj also rebounded.
Filecoin utility challenges
Filecoin is the biggest storage blockchain platform in the world. Like other storage platforms, its use case is relatively simple to grasp. Unlike centralized storage platforms like Google Cloud and Microsoft Azure, it uses decentralize storage platforms.
Anyone with a computer, smartphone, or data center can provide storage in its platform and then earn a reward when people use it. This data is safely stored in their network in a highly encrypted format.
The benefit of using a decentralized platform is that it is highly scalable. For a person in Nairobi, they will access their data from a storage provider in the city. Similarly, for a person in Washington, they will store and access their data from someone in the city.
According to its data explorer, there are 3,920 active miners in the network who provide 19.069 EiB in its platform. This is a significant number that is more than 21.9 million terabytes.
Still, Filecoin faces several important challenges. First, the network is competing with well-established brands like Microsoft and Google. These centralized platforms work well and have a long track record of safety.
Second, it is clear that it has a significantly big capacity that is hard to use. One of its biggest use cases is in the storage of Non-Fungible Tokens (NFT) through its partnership with OpenSea. Recently, however, the volume of NFTs traded per month has dropped sharply. Therefore, without a clear use case, it will take a miracle for Filecoin to become a successful platform.
Filecoin price prediction
FILUSD chart by TradingView
The daily chart shows that the FIL price made a strong bullish breakout on Tuesday as investors bought the token’s dip. It moved slightly above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) moved to the overbought level. It has also formed what looks like an inverted head and shoulders pattern.
Therefore, despite the H&S pattern, Filecoin will likely resume the bearish trend as fundamentals disappoint. A move above the resistance at $3.50 will invalidate the bearish view.
How to buy Filecoin
Plus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Buy FIL with Plus500 today
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Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Buy FIL with Binance today
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Source link By Crispus Nyaga
#Altcoin #Binance #Bitcoin #BlockChain #BlockchainNews #BNB #Crypto #CryptoExchange
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Plus500 UK Ltd, a UK based broker, offers traders comprehensive CFD trading on Forex currency pairs, indices, stocks, ETFs and commodities. See full article here.
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how can i qualify as an FOYLEMARKETS introducer?
how can i qualify as an FOYLEMARKETS introducer? Read More http://fxasker.com/question/c7ae35f20ad415ef/ FXAsker
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Financial Forex and stock Broker Reviews for Trading on Financial MarketsWhether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you.
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Plus500
Een van de meest gebruikte en betrouwbare broker is Plus500. Dit is een broker voor particulieren op een online platform. Bij deze Forexbroker is het mogelijk om te handelen in CFD’s op verschillende financiële markten. Verschillende valuta’s, aandelen, indices EFT’s, cryptovaluta en grondstoffen zijn ook te verhandelen. Er wordt zelfs een negatief saldo bescherming aangeboden. Voor meer informatie bekijk de website en probeer gratis het demo-account uit! https://forexadvies.com/review/plus500/
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Vantage Review
Vantage Review
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.To get more news about vantage review, you can visit wikifx.com official website.
Standard vs. Raw accounts comparison: Vantage lists typical spreads of 1.22 pips on the EUR/USD (for the month of August 2021) for its spread-only Standard account. For its Raw account, average spreads are 0.15 pips with a commission of $3 added per side ($6 per round turn), totaling 0.75 pips during the same time period.
PRO account: The PRO account from Vantage has competitive pricing, with its per-side commission amounting to just $2 (or $4 per round turn). Requirements for opening a PRO ECN account with Vantage fluctuate between its regulating entities. Its Australian entity requires that you qualify to be categorized as a wholesale client. If you open your account under Vantage’s Cayman Islands entity, you must fund your account with at least $20,000. For those who can meet its various account requirements, the PRO ECN account is Vantage’s best-priced option, and is comparable to similar accounts offered by FP Markets and Tickmill.
Active traders: The active trader program from Vantage offers rebates ranging from $2 to as much as $8 per standard lot, depending on your balance and monthly volume. The smallest tier starts at $10,000 and the highest tier requires at least $300,000 in equity. However, it is only available on the Standard account, which has the highest spreads from among all the account options available. Mobile trading apps Vantage offers its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App. However, I am not a fan of the ads, and it is still a long way off from being able to compete with the mobile apps that are offered by IG, FOREX.com, and Saxo Bank.
Apps overview: Vantage offers two mobile apps: its proprietary Vantage App, and the MetaTrader platform suite. The MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Vantage mobile app come standard from their developer for iOS on Apple App Store and for Android on Google Play.
Ease of use: I found the advertisements within the Vantage app to be a distraction from the trading experience. I'd prefer to avoid ads and promotional content when using a mobile trading app. That being said, Vantage has done a good job of integrating research, with newsletter updates, signals, and multiple Trading Central-powered videos per day.
Charting: Charting at Vantage allows for only five time frames, one chart type, and just a handful of indicators and overlays. On the plus side, tapping on the chart launches it into a full-screen landscape view, which is a nice touch. In contrast, charting from Plus500 comes with over 100 indicators and allows for the ability to use multiple indicators at the same time.
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New Post has been published on https://coinprojects.net/chainlink-link-usd-is-about-to-pull-a-bullish-trigger/
Chainlink (LINK/USD) is about to pull a bullish trigger
For yet another time, Chainlink (LINK/USD) is showing that it is punching below its knees. LINK has been trading within a tight range, with bearish pressure pushing the cryptocurrency below an ascending trendline. The token has since recovered, and a strong bullish momentum is building. So what happened?
LINK added more than 7% on Friday, taking the total gains in the week to 20%. The gains came after crucial cryptocurrency news for Chainlink. According to a Thursday announcement, Chainlink has partnered with Seedify Fund. The entity is a major gaming, metaverse, and NFT launchpad and incubator. Seedify Fund will rely on Chainlink’s oracle services to power growth in NFT and GameFi sectors.
Besides, Chainlink staking remains a key price trigger for growing adoption, boosting the native token. As of the end of October, the number of addresses holding at least 100,000 LINK hit 459, the highest since 2017. The rising investment reflects optimism around Chainlink staking, expected by the end of 2022. Consequently, amid the recent LINK struggles, positive developments could support the price towards the year-end.
LINK crosses above the 200-day MA for the first time since January
Source – TradingView
Technically, LINK has broken past the $8.0 resistance in a bullish push. The cryptocurrency currently trades at $8.4. Buyers are active on the token, with an RSI reading of 65, near the overbought region.
A key bullish indicator is the price recovery above the 200-day moving average. The last time that LINK traded above the longer-term MA was mid-January 2022.
What next for LINK?
A breakout at $8.0 will be confirmed by closing the candlestick above the crucial resistance. That will see $8.0 become a support zone and encourage more buyers to snap the token.
On the flip side, in a less likely scenario, LINK will close below $8.0. In such a case, the price may consolidate before gathering momentum to push above the resistance again.
Buyers need to be patient before buying LINK. However, the bottom line is that LINK is about to turn bullish, and early birds will catch a worm.
Where to buy LINK
Plus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Buy LINK with Plus500 today
Disclaimer
FP Markets
FP Markets combines metals, indices connectivity and award-winning execution speed with institutional-grade liquidity to provide traders consistently tighter spreads and unparalleled trading conditions. FP Markets offers Forex, Equities, Commodities, Cryptocurrency, Futures and Index CFDs all from one account.
Buy LINK with FP Markets today
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Source link By Motiur Rahman
#Altcoin #Bitcoin #BlockChain #BlockchainNews #Crypto
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Vechain is up 23%, reclaims $5B market cap: right here’s the place to purchase Vechain
The dwell Vechain value in the present day is approaching $0.08 with a 24-hour buying and selling quantity of $2.4 billion. The coin of the versatile, enterprise-grade, L1 good contract platform is up 23.41% within the final 24 hours. In case you are interested in distinctive options and need to find out how and the place to purchase Vechain, this information is for you.
High locations to purchase Vechain now
Plus500 Plus500 is a number one supplier of Contracts for Distinction (CFDs), delivering Leveraged buying and selling on +2,000 monetary devices, together with Foreign exchange, Commodities, Indices, Shares, Choices and Cryptocurrencies. CySEC license quantity (#250/14) Purchase VET with Plus500 in the present day Disclaimer Bitpanda BitPanda is a Bitcoin dealer primarily based in Austria. It gives a variety of fee strategies and has good costs. Purchase VET with Bitpanda in the present day
What's Vechain?
Vechain’s mission is to leverage IoT and distributed governance applied sciences to construct an ecosystem that solves main information points for all types of industries: power, medical, meals and beverage, and extra. The platform is growing the digital spine of the fourth industrial revolution, harnessing the ability of trustless information. It is going to allow trustless information sharing between many brokers in actual time. The platform makes use of two tokens, VET and VTHO. The previous generates the latter, serving as a worth switch medium and retailer of worth. The tokens create and handle worth primarily based on VeChainThor, a public blockchain. Ecosystem members use VTHO to pay for fuel charges. VET will not be used for writing information.
Ought to I purchase Vechain in the present day?
Contemplating how exhausting it's to give you an correct cryptocurrency prediction, you need to by no means make any choices affecting your funds earlier than an in-depth market evaluation. Don’t make investments greater than you may afford to lose.
Vechain value prediction
Worth Prediction analysts forecast a minimal value of $0.09 subsequent yr. The very best VET can go as much as is $0.11. In 2024, it is going to be value at the very least $0.13, $0.14 on common, and a most of $0.16.
Vechain on social media
I like what I’m seeing 😎 #VeChain $VET #VeFam pic.twitter.com/kCV0FVQXqt — crypt0hipp0 Ⓥ (@crypt0hipp0) March 27, 2022 The submit Vechain is up 23%, reclaims $5B market cap: right here’s the place to purchase Vechain appeared first on Coin Journal. Read the full article
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New Post has been published on https://primorcoin.com/crypto-asset-manager-grayscale-launches-future-of-finance-etf-in-partnership-with-bloomberg-finance-bitcoin-news/
Crypto Asset Manager Grayscale Launches 'Future of Finance' ETF in Partnership With Bloomberg – Finance Bitcoin News
Grayscale Investments has launched its first exchange-traded fund (ETF). The Grayscale Future of Finance ETF “seeks to invest in the companies and technologies shaping the ‘future of finance.’”
Grayscale’s First ETF
Grayscale Investments, the world’s largest digital currency asset manager, announced Wednesday the launch of its first exchange-traded fund (ETF) called Grayscale Future of Finance ETF (symbol: GFOF).
The company explained that its new ETF “seeks to invest in the companies and technologies shaping the ‘future of finance.’” In addition, it is “the first equity ETF to track the investment performance of the Bloomberg Grayscale Future of Finance Index.”
David LaValle, global head of ETFs at Grayscale Investments, opined:
Through GFOF, investors now have the opportunity to receive exposure to the companies that are pivotal to the evolution of the global financial system.
22 Holdings but No Microstrategy
The fund has 22 holdings as of Feb. 2. The top holdings are Paypal Holdings, Coinbase Global, Silvergate Capital, Robinhood Markets, Block (formerly Square), Plus500, Argo Blockchain, Hut 8 Mining, Bitfarms, and Hive Blockchain Technologies.
Grayscale’s new ETF’s holdings as of Feb. 1. Source: Grayscale Investments
The Nasdaq-listed Microstrategy, however, is not in the components of the ETF. Grayscale CEO Michael Sonnenshein explained on CNBC Wednesday that “the way we designed this product was to exclude companies that are holding bitcoin on the balance sheet.” Microstrategy bought 660 more BTC on Tuesday, raising the company’s bitcoin holdings to about 125,051 BTC.
Grayscale has selected U.S. Bank as the administrator and service provider for the ETF. Foreside will serve as the ETF’s distributor.
Dave Gedeon, global head of Multi-Asset Indices at Bloomberg, noted that the new ETF product is backed by proprietary data and “robust research from Bloomberg Intelligence,” elaborating:
The Bloomberg Grayscale Future of Finance Index is primed to become the key equity benchmark for our ever-evolving digital economy.
Grayscale currently has $34.6 billion in assets under management (AUM). The company offers 16 crypto investment products. The largest is Grayscale Bitcoin Trust (GBTC) which has $24.8 billion in assets. The latest addition was the Solana trust which was launched in November last year.
In January, Grayscale said it is considering 25 more crypto assets for investment products, bringing the total number of assets under consideration to 43.
What do you think about Grayscale Investments launching its first ETF? Let us know in the comments section below.
Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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