Blackstone Futures is a top-class trading broker that allows its traders to trade forex, online trading, crypto trading, CFD trading, Index trading, and even share trading. The company is based South Africa and allows users to have Rand, Pound or US Dollar based accounts.
The broker uses the latest trading platforms including Meta Trader 4 (MT4) and Cloud Trade. This allows traders to choose the trading system they feel comfortable with.
The broker offers competitive margin rates with margins as low as 0.25% for some asset classes.
Besides its trading platform and an array of asset classes, the broker also offers live webinars to allow new traders to learn and gain insight from professional traders. The broker also offers a number of trading courses to allow new users to learn the basics of trading as well as some advanced topics.
Another benefit of the Blackstone Futures platform is its demo trader. This demo account allows traders to try out the platform and trading before committing and making a deposit.
|Minimum Deposit||R1000 or $100 or GBP100|
|Trading System||MT4 or Cloudtrade|
|Registered Country||South Africa, UK, Australia, Bahamas|
Forex is the most liquid of all financial markets. It is run by the Forex market, which is an over-the-counter (OTC) trading system that allows traders to buy and sell currencies at any time of day. A Forex trader can choose from a diverse range of order types, including stop losses, take profits, and market orders.
The Forex market includes all of the world’s larges banks and financial institutions. These banks are the only entities that can create FX trading volume, because they are the only ones that hold currencies in reserve.
Forex, or FX, is a popular type of trading that has been around for over 20 years. A Forex trader is someone who trades currencies for a living. They use their knowledge and expertise to predict the market and make smart investments.
Typically, they earn money when their predictions turn out to be correct. The Forex market is the largest and most liquid market in the world. This means it’s easy for traders to buy and sell large volumes of currencies quickly and at low cost.
Forex markets are affected by many factors. Because currencies are the basis of trade, financial relationships, and financial services, there is a lot of market correlation between FX markets and related markets.
These correlations are dependent on the currency you trade, as different economies have different strengths. The Canadian dollar (CAD), and the Australian dollar (AUD), are heavily influenced by the commodities prices in these countries, as a large portion of their GDP is derived from natural resources and mining. The US dollar is also sensitive to Wall Street movements, since the index drives enormous growth and revenue.
You can make better trading decisions by understanding market correlations between your currency and related markets. Do as much research as you can and try to understand how changes in other markets might impact your FX trading.
There are many short-term trading opportunities due to the Forex market’s high volume and relative sensitivity to market events.
If you are looking to profit from market volatility for short periods, a Day Trading strategy might be a good fit.
Day traders generally recognize current market trends and prevailing sentiment, and trade in the same direction up to a support or resistance level. Their position will be closed once they have reached their profit target or their stop loss order.
Day trading is a time-consuming way to trade the markets. It requires a strong risk management strategy, ample time to react to market events quickly and a good understanding of your market.
The best strategy for Forex trading is the easiest: understanding the key resistance and support levels of the market you are interested in. Forex currencies are stable and move in small increments, so traders can be a bit confused if they reach historical levels.
What are resistance levels and support levels? How can they be used to help you trade Forex?
A support level is the price below which a currency will stop or halt its decline as demand increases or trading volume starts to rise again. Resistance levels, on the other hand, indicate that the market believes a currency is overvalued. This could be a strong indicator for a possible sell-off in near future.
As part of your Forex trading strategy, both support and resistance levels can be useful in understanding market entry and exit points.
We offer a variety of tools to help you identify key support or resistance levels in your FX market. Use our indicators such as Bollinger Bands, RSI, and MACD to identify key support and resistance levels in your chosen FX market. You can also add your own indicators to our toolbox or use our drawing tools.
You may also find it useful to create a customized Forex Watchlist. This will allow you to track price movements across FX pairs that are most relevant to you and that could impact your trading strategy. On. Instead, you trade on price movements in the underlying market.