Signals, Copy Trade or Managed Forex?So I've been getting some questions from my followers about when would I recommend either of the 3 over the other? Here I'll explain.
== TELEGRAM SIGNALS ==
So this option is great for learning or micro managing small accounts. Ideal option for hobbyist, students, or part-time traders.
== COPY TRADING ==
This option is great for small accounts as well since many copy trading programs offer a flat fee monthly subscription fee. But you're account shouldn't be so small that it doesn't make sense for the program. For example, if you start with 1000 and the returns are 10% monthly but you have to pay a $50 monthly subscription fee, well you'll only profit $50 after expenses for that program.
== MANAGED FOREX ACCOUNTS ==
This option is best for serious sophisticated investors that understand the potential in Forex trading, as well understand the risks associated with it, and want to reduce risk by allocating small portions to various well designed and proven trading systems or strategies. Now of course you can easily purchase some off-the-shelf EAs but the issue with that is you don't fully understand the strategy or the risks with retail EAs. It's much better to find an expert trader that builds his own EAs and knows how to make adjustments the script throughout the various life-cycles of the market. With most Managed Forex Account programs, the trader's charge a performance fee rather than a flat monthly subscription fee. This means the trader that sells copy trading gets paid regardless if the subscribers make money or not, whereas traders offering MFAs only get paid when investors generate ROI.
Copytrading
SELL GBPJPY Resistance touchedResistance touched in the 125.30, highest price of the last 4 months and has been reached in the first measures of the morning and in a sudden way. We expect a drop since we do not see enough strength to overcome this resistance. As always we say a close SL of around 125.80.
Signed by: FxProfitSignals Group
SELL GBPJPYVery fast rise in the GBPJPY today, due to the strength that the pound has found in these European market compasses. However, the resistance has not been able to overcome it and the most likely thing is a drop in the market as in a few hours the Japanese market will open and the macroeconomic expectations are favorable. Good operation to enter in short and to obtain a small profitability.
Signed by: FxProfitSignals Group.
Buy EURUSDThe EURUSD has fallen this week due to the great strength of the dollar after the new president was elected and against all odds after many revolts in the country. However, this week we expect a slight recovery of the Euro and that it will reach or be around $1.21. Without a doubt we are in a critical moment where it seems that the price is supported by the resistance of the 1.2066, as I always say, we buy but with a relatively close SL since it is a slightly risky operation.
Signed by: FxProfitSignals Group
Buy NZDUSDAfter one shoulder, head, shoulder the NZDUSD has completed this end of the second shoulder over the resistance that of 0.7005-0.7020. After such a continuous fall and after not being able to overcome this resistance we can only expect a price increase of at least a few pips. However, it would have a fenced SL since always in operations of this type, some risk is assumed, it remains to be aware of the macroeconomic calendar to finish knowing for sure the trend, but everything indicates that it will suffer a small correction.
I hope this analysis will be of great help to you and any suggestions do not hesitate to let us know
Signed by: FxProfitSignals Group
Buy NZDUSDAfter one shoulder, head, shoulder the NZDUSD has completed this end of the second shoulder over the resistance that of 0.7005-0.7020. After such a continuous fall and after not being able to overcome this resistance we can only expect a price increase of at least a few pips. However, it would have a fenced SL since always in operations of this type, some risk is assumed, it remains to be aware of the macroeconomic calendar to finish knowing for sure the trend, but everything indicates that it will suffer a small correction.
I hope this analysis will be of great help to you and any suggestions do not hesitate to let us know
Signed by: FxProfitSignals Group
Translated with www.DeepL.com (free version)
SELL USDCHFAfter waiting for the market to open this week we found that the price had touched the current resistance we had set and that we thought it would touch. He tried to overcome it but it fell again, we took the opportunity to sell at a price of 0.8913 $. With a nearby SL given that it is a trade with a small percentage of risk and the price may change suddenly.
Still have momentum, but is it enough? 🆄🅿🅳🅰🆃🅴 🚛🚕
Well I called this to make a 𝙥𝙪𝙡𝙡 𝙗𝙖𝙘𝙠 last week because it needed rest,
but as you see the momentum don't care and it just keep flying and we are on 𝟭𝟬𝟬% 𝙜𝙖𝙞𝙣 since 32 days ago 🚀
Someone asked me last week, should I enter the trade now and I say, if I was you I would wait, now I don't hope you sit and think, what a jerk!
Because my answer would still be the same today 𝘿𝙊𝙉𝙏 𝘽𝙐𝙔 and wait for an 𝙥𝙪𝙡𝙡 𝙗𝙖𝙘𝙠, this really needs a break ⛔
With that being said, it can 𝙎𝙏𝙄𝙇𝙇 go higher as long as there is good momentum.
Trade with care 🙏
Zaptec on the move 🚀I came to promise a member yesterday that I would look at Zaptec, but in my bustle I had not even thought about it being brand new.
So there is not much data to hold on to and that means that the analysis is not of great value.
However, it can help to see how it has behaved and I have tried to get into a chart.
As it is in its all time high we can not see what is to hold on to, however you can see on the last trading day (Friday D 8Dec) that it got a lot of resistance at the end of the day and then I think that may well be a support line will appear there, but time will tell.
The RSI is tired and is over 80, but it has held up nicely
between the number 52-82 which is positive for overbought
MACD is positive and uptrending with positive momentum
As you can see, I have tried to see what the price does when it is between the support lines and how much it has increased between each jerk upwards.
Brief summary:
THINK the price has hit a support area due to the candestick has a 50% pull back on the day and due to RSI is overbought and probably wants a little down and it has jumped about 35% since the last support line.
The orange arrows at the top of the chart just show what can happen and not what is going to happen 🙏
If you are in, enjoy the ride, if you want in, I would probably wait to buy until it gets closer to MA20 or the last support line
(no there is no one who says it does not just continue)
Feel free to throw a like after it if it could be used (y) 🙏
( GOOGLE TRANSLATE ) - ( JUST TO KEEP TRACK OF MY INVESMENT )
Eurchf drop I strongly believe that market start change the trend from uptrend to downtrend from my observation at D1 & H4. Market will make a little retraces before continue the drop. We see next week. Happy holiday and goodluck guys.
To copy my trade u can register an account and invest in my copytrade profile. Currently the profit return is 127% per 2week. Its good enough right to grow your capital. Can direct contact me for asking or straight register here. www.forextime.com
Have a nice day.
My contact: www.t.me
EURGBP – Sellers on the possible win win trackWelcome to our Academy. We’re here to help you achieve what you have been looking for.
Use our free analysis where you have everything you need for potencial trade ideas and profit.
EURGBP – Sellers on the possible win win track
Trend: Sell/ Neutral
Support/Resistance:
R3: 0.85361
R2: 0.84877
R1: 0.84544
S1: 0.84236
S2: 0.83643
S3: 0.82731
Price action:
Market is getting power on EURGBP sell side. In this case Bears has to retrace from first resistance level at 0.84544. After this retracement market has to close on daily chart below 0.84236 support level to continue its way down and treat this trade as a bearish trade idea. The overall flow might take longer time to reach bearish targets because of bullish pull back on the left side. If bulls are able to get higher then their potencial trade will be between 0.84877 and 0.85361 resistance level which is hard to expect but possible to sell even later.
Potencial trade idea:
Bulls targets:
T1: 0.85361
Bears targets:
T1: 0.83643
T2: 0.82731
NOTE – We are trading EURGBP via the preferred trading setups
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
BEARISH OUTLOOK FOR USDCADUSD/CAD
The pair is repelling a verified support zone. Look out for continuation of the bearish outlook opportunity from the 1.31000 area which .
Conservatively you can wait for a pullback and then break of a counter trend line placing your stop loss 25pips below the low of U turn.
Take profit levels are:
TP1: 1.30150
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Chasing Investments, XRP/USDT is Inching UpAfter a brief period of XRP/USDT pair consolidation above the technical level of support of 0.2800 a growth wave followed, as a result of which the buyers yet again tested the key technical level of resistance of 0.3000. Our readers may remember that we have previously suggested the possibility of the rate reaching 0.2900.
There are plenty of reasons for investors to be optimistic. Ripple XRP has recently been added on SafePal hardware wallet, which is designed for convenient and secure management of cryptocurrencies. SafePal now supports more than 1,500 cryptocurrencies, including BTC, ETH, LTC, and BNB.
Another piece of encouraging news for XRP investors is the fact that Ripple Xpring is investing in Swedish startup Towo Labs, which is developing the cryptocurrency self-custody technology. Ripple Xpring investment will be used to support the Towo Labs's roadmap over the next two years. This includes the development of a hardware wallet firmware that will support all types of Ripple XRP Ledger transactions. The company is also developing a new version of XRP Toolkit, a web interface for interacting with the Ripple XRP Ledger.
All of these developments are increasing the likelihood of continued rate growth to its earlier high of 0.3250. The psychological level of 0.2800 continues to act as a local support level, which also happens to be in line with the 61.8% Fibonacci retracement. As a result, both the technical and fundamental analysis points towards the continuation of the upwards movement.