Praise for eToro from Trading and Cryptocurrency Communities

It started over 10 years ago, but during all this time the “number one” social trading platform has been getting constant congratulations. With over 9 million active users, eToro is the social trading platform that has opened up the financial markets to all.

eToro has many excellent features, but one of its most significant is that it is not just a social network for traders. Users get full access to trading education in the form of guides covering most relevant investing topics. Also new users get a virtual wallet which allows them to test trade their strategies before investing their money.

If this isn’t enough, eToro also has something else unique. Popular Investors, these members offer other members the ability to clone their investments. If you are a “Popular Investor” you can earn more in your wallet too. The best of these investors can gain more income from accumulating followers who have cloned their wallets.

“My advice for any new investor is: open an eToro account, check out some markets and try virtual money, then start opening positions in real markets,” says Wayne Ryan, who is one of eToro’s ‘Popular Investors’ . During 2016 Ryan gained 588% profit on his trading, and has gained 84% in the last 12 months. Other users utilize the innovative CopyTrader to clone his wallet and mirror his trades.

According to Ryan, eToro helps their users with “live graphics and data.” “Being one of the best investors in eToro is a great achievement, I feel that I have worked very hard to reach that level,” he says.

Some of The Benefits of EToro

According to members of this high rated social trading platform, it’s a simple tool to use, easy and very reliable. This comes backed with 10 years of experience from the eToro team. Using it allows you to have instant execution of investments and all with a regulated company.

This is an exciting new form of investment for its members, which opens up new forms of trading via CopyTrader. It is also worth noting that there is now a large cryptocurrency community within the platform which shares it’s knowledge daily and help other members.

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from http://www.livecharts.co.uk/livewire/2018/04/praise-for-etoro-from-trading-and-cryptocurrency-communities/

GBPUSD Rate Touched Pre-Brexit Levels and Begins To Fall

The early weeks gains have begun to fade for GBPUSD. After an indifferent start to 2018 cable finally found it’s mojo again in mid March to continue the climb from the horrendous lows of 2017.

Last week seen the GBPUSD rate close positive every day, and Monday began with a follow through until in early Tuesday trading it fell just short of the 1.4400 level.

This is a significant level as it’s the area where GBPUSD was trading right before the Brexit vote back in June 2016.

This sharp reversal in the British Pound seemed to be triggered by the Average Earnings Index data missing its forecast, and Claimant Count numbers increasing for the previous month.

The Claimant Count figures could have been an important warning of what’s to come. Notes from ForexFactory tell us,”It’s the first indication of the employment situation, released a month earlier than the Unemployment Rate.”

This possibly began to trigger a few large positions, selling at the highs or going short.

Today, data missed again with CPI down year on year, and up next for GBP is Retail Sales data.

A miss on all these key data points could see the weakness continue into the end of the month as traders await the next BoE interest rate decision. Always a big mover for the good old British Pound.

Next week the Euro should be quite active as the ECB publishes the minimum bid rate on Thursday accompanied by the widely followed ECB press conference.

There’s always some volatility in the markets once the press questions begin to be answered. Firstly a pre written statement is read then follows the question and answer session. Off the cuff comments by the President and Vice President can often swing the Euro rate sharply for the rest of the trading session.

from http://www.livecharts.co.uk/livewire/2018/04/gbpusd-rate-touched-pre-brexit-levels-and-begins-to-fall/

Trump Tweets About Russia and Gold Prices Fly

Since the beginning of 2018 Gold prices have been stuck in a range between $1300 and $1350. Each time the support or resistance of this range was hit then price sharply reversed to the other side.

However today we have seen a huge daily move in the price. Flying high to $1565 at the time of writing and looks set to break new ground towards $1400.

What triggered this quick gain?

As far as we can tell the only thing which could possibly have sent money dropping into Gold was Donald Trump’s tweet about Russia and the Syria situation.

Just as the USA woke up this morning they were greeted to the USA‘s president telling his Twitter followers that Russia should be ready because,”the missiles are coming”.

It’s a known fact that in uncertain times scared money flows into Gold, this bumping up the price.

Investors see it as a safe haven as opposed to stocks which usually fall hard during any real escalation of military conflict.

Here is what America’s number one had to say.

“Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and “smart!” You shouldn’t be partners with a Gas Killing Animal who kills his people and enjoys it!”

Definitely scary talk right there.

Things should get interesting tonight as the Fed release their meeting minutes from the last FOMC. No doubt anything remotely bearish for the US Dollar will see Gold spike higher again.

from http://www.livecharts.co.uk/livewire/2018/04/trump-tweets-about-russia-and-gold-prices-fly/