Keep Silence to FX Scams? NO! EXPOSE Them on WikiFX!
Keep Silence to FX Scams? NO! EXPOSE Them on WikiFX!
Watch out! PlatformsFx Robbed Me of US$76,878
A few months ago, a person from the trading solution provider company “PlatformsFx” contacted the victim for forex trading. According to the victim, the scammer and his so-called well-known gold trading platform took US$76,878 from her and put it into a presumably real forex account.
How to choose the best leverage level
Archimendes said: “Give me a fulcrum, I can lift the whole earth”. This is the earliest appearance of the concept of leverage. The word leverage dates from 1724 and was originally used to describe the action of a lever. By 1824, by which time the Industrial Revolution was fully underway, the scope of the word had expanded to include the power of a lever and therefore the obtaining of a mechanical advantage. It is simple to say that if you want to invest $10,000 in the forex market, you can to it by leverage with small investment. Leverage is a financial tool, which can magnify the result of your investment, including gain or loss at a fixed ratio.
Oil Prices Hit Fresh High on Uncertain Outlook
WikiFX News (6 Aug) - WTI crude oil embraced a steep rise in prices, up 4.5% to the high level of $43.68, compared to its low level of $41.76. It has recorded a fresh five-month high since March 6. Nevertheless, the outlook of oil remains uncertain because of the insufficient upward momentum in future oil prices resulted from the sluggish job growth in the United States.
Weekly Focus: USD Outlook Bearish
WikiFX News (3 Aug) - In the following week, USD may keep retreating under the pressure of stock markets and Fed rate decision.USD may decline if earnings reports from large-cap companies such as HSBC and Disney put a discount on haven-linked assets.
OCTA scam case has been updated, and can the victim get his 100,000 dollars back?
WikiFX has been following OCTA scam case since early 2020. In the case, forex broker OCTA didn’t allow an investor to withdraw his 100,000 dollars at the very first time due to the large amount of profits.
Why dose position size play an important role in forex trading?
Position, a term that is used very frequently in the financial market, is also knows as a financial product contract of selling and buying. The act of buying or selling position is called “open a position”; a position opened just now is called “new position”; and a position you have is called “holding position”. To put it simple, a position is the amount of a security, commodity or currency owned by a trader. Forex traders earn from forex spread through opening a position.
WikiFX Released a New Function, Credit Report of Broker
Recently, the WikiFX APP updated a new version with a new function - "Detailed Credit Report".
WikiFX's Latest Feature Aspires to Set Industry Benchmark
Since the launch of WikiFX App, WikiFX has always been committed to becoming an industry benchmark and has won high recognition in the forex circle.
D24FX Defrauded Saudi Arabian Investor of a Fortune
As with many industries, the fast growing forex industry also has plenty of predators, who look to take advantage of newcomers. These illegal brokers target the typical mindset of investors to make money quickly and induce investors to engage in unregulated or high-risk investments, causing them heavy losses. Recently, an investor from Saudi Arabia told WikiFX about how he was defrauded by the illegal forex broker D24FX, as well as his difficult experience in trying to recover the lost fund.
Market Outlook for US Stock Is Much Divided
The US S&P 500 and Nasdaq have hit new closing records for the third consecutive trade session, while the Dow Jones last closed at a r
Chancellor’s Resignation Led to Great Volatility of GBP
On Thursday, British Chancellor Sajid Javid suddenly resigned from the post that he was appointed to only 6 months ago. More importantly, the British government has scheduled to release its first budget plan after Brexit in March and the Chancellor’s resignation at such a crucial moment seems to imply severe conflicts within the Downing Street.
FX Market Trend in Correction Amid Raging COVID-19
On January 30th, 2020, local time World Health Organization Director General Dr Tedros Adhanom Ghebreyesus held press conference in Geneva and announced the Novel Coronavirus(COVID-19) outbreak to be an public health emergency of international concern(PHEIC). The economic cost of this raging epidemic is growing in China as well as other parts of the world.
WikiFX Branding Campaign First Appears in Cyprus Airport
In early February, WikiFX rolled out its first branding campaign in Larnaca International Airport, the largest aviation hub in Cyprus, in order to better serve Cyprus forex industry by linking local forex brokers and investors.
The Latest Report on Forex Futures Position
As of February 4th, 2020, speculative net longs in USDX increased by 700 to 17,133 contracts, among which speculative longs grew by 1,648 to 29,964 contracts.
Job Growth Reduced Chances of the Fed’s Rate Cut
Statistics from the US Department of Labour show that US Nonfarm Payroll increased by 225,000 in January, 2020, exceeding the market’s estimation of 165,000 and December’s 147,000 after revision while being significantly higher than the 175,000 of the same period last year.
The Pound Plunges into a Seesaw Battle
Recently the pound plunges into a seesaw battle, with increasingly improved economic data and people’s concern that the terms about future relationship between the pound and the EU would harm the British’s prospect.
Bank of Japan May Increase Economic Stimulation Due to the Virus Outbreak
On February 5th, the exchange rate of USD against JPY reached 109.72, a record high since January 23th. The deputy governor of Bank of Japan said if the economic recovery in Japan stops, BOJ will increase the economic stimulation, and he warned that the public health emergency in Asia may harm business confidence and global trade.
AUD/NZD Shows a Tendency to Approach 1.01
The exchange rate of AUD against NZD fell 5% after reaching the highest point in last November. And whether the tendency this week is strengthened or not, which draws close attentions from investors.
CFTC’s Latest Commitment of Traders Report
According to latest statistics, speculative net long in USDX fell by 323 to 12,940 contracts. Speculative longs decreased by 256 to 25,334 contracts, while speculative shorts increased by 67 to 12,394 contracts.
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