Thread: FXOpen News

“The Lord of the Crypto” is a free demo contest for crypto fans. The contest will last for four weeks from August 12 till September 6. The winners will receive valuable prizes for a total of 3000 USD. 39+ cryptocurrency pairs with Bitcoin, Litecoin, Ethereum, Dash, Emercoin, Ripple, EOS, NEO, and etc. are available for trading.

Join the contest

Conditions of the contest:


- dates: August 12 - September 6, 2019;
- registration is already open and will last until August 25, 2019;
- prize fund: 3,000 USD;
- free participation;
- number of winners: 10;
- Account type: competition demo ECN;
- initial deposit: 5,000 USD;
- leverage: 1:3;
- EAs: allowed;
- locking: allowed;
- lot volume: from 0.10 to 1.00 (maximum 1 lot per order);
- trading instruments: 39 pairs with BTC, ETH, XRP, BCH, ETC, LTC, etc.;
- trading platform: MetaTrader 4 (download).

Source: FXOpen News.

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FXOpen Customer Service
E-mail: [email protected]
Live Chat (24/5)

Changes to CFD Trading Hours due to US Labour Day

Dear Traders,

Please note that due to the celebration of Labour Day on Monday, September 2nd 2019 in the US trading hours for some financial instruments will be changed as follows:

• Forex pairs: normal trading hours;
• Metals: trading session ends at 20:00;
• Oil, Gas: trading session ends at 19:45;
• Indices:
  
  • Japan 225: until 20:00;
  • US SPX 500: until 20:00;
  • US SPX 500 (Mini): until 20:00;
  • US Tech 100: until 20:00;
  • US Tech 100 (Mini): until 20:00;
  • Wall Street 30: until 20:00;
  • Wall Street 30 (Mini): until 20:00.
  
  
  
  

Other indices will be traded without changes.

Please, consider this information when planning your trading for the upcoming week.

Source: FXOpen news

Deposit with No Commission via Any Payment System





FXOpen broker has good news for traders. The Summer promotion "Hot Summer 2019" is extended for an indefinite period.


Starting from September 9, 2019, all FXOpen clients will be able to deposit their accounts via any payment system available (except for Bank Wire Transfer) without the cost of fees charged by the payment systems, which usually range from 0.5 to 6% of the deposit amount.


So, you can save money that can be profitably used for trading or investing in Forex. Fund your accounts with no commission with FXOpen!


Read more.


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FXOpen Customer Service
E-mail: [email protected]
FXOpen Live Chat (24/5)

FXOpen Launches "The Lord of the Crypto"— a Free Demo Forex Contest

FXOpen is inviting traders to take part in a regular contest on demo accounts and to try cryptocurrency trading. "The Lord of the Crypto" is a free demo contest for crypto fans with real money prizes for a total of $3,000. Registration is open until 3rd November.

Join the contest

Conditions of the contest:

• dates: October 21 - November 15, 2019;
• registration is already open and will last until 3rd November, 2019;
• prize fund: 3,000 USD;
• free participation;
• number of winners: 10;
• Account type: competition demo ECN;
• initial deposit: 5,000 USD;
• leverage: 1:3;
• EAs: allowed;
• locking: allowed;
• lot volume: from 0.10 to 1.00 (maximum 1 lot per order);
• trading instruments: 39 pairs with BTC, ETH, XRP, BCH, ETC, LTC, etc.;
• trading platform: MetaTrader 4 (download).

Additional restrictions:

• Minimum trade quantity: 10;
• Minimum trade volume (lots): 10;
• Maximum number of trades opened at a time (including pending orders): 5;
• To get the prize, you have to increase the initial deposit by at least 10%.

Get registered

Prize money:

The prize money will be added to your account in any cryptocurrency available with FXOpen at the exchange rate at the moment of prize crediting or in USD.

Please note that 50% of prize cannot be withdrawn and is intended only for trading on Crypto accounts. It is intended only for trading on Crypto accounts. To get the money, you will have to open a Crypto account and send its number at [email protected]. The profit from trading can be withdrawn at any time via any payment system available with FXOpen. You should also remember to comply with the competition rules, violation of which would lead to disqualification.

• 1st place - 1050 USD (525+525);
• 2d place - 750 USD (375+375);
• 3d place - 300 USD (150+150);
• 4th place - 240 USD (120+120);
• 5th place - 180 USD (90+90);
• 6th place - 150 USD (75+75);
• 7th place - 120 USD (60+60);
• 8th place - 90 USD (45+45);
• 9th place - 60 USD (30+30);
• 10th place - 60 USD (30+30).

How to join the contest on demo accounts?

Newbies should register an account with FXOpenor ForexCup, make sure that the "First Name" and "Last Name" fields are filled in in the Settings → Profile section and join the contest with your account data.

Existing clients should make sure that the "First Name" and "Last Name" fields are filled in in the Settings → Profile section and join the contest with your account data.

Useful Links:

• The Lord of the Crypto" thread on ForexCup forum;
• How to participate in ForexCup competitions;
• FAQ;
• FXOpen Crypto Accounts.

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Source: FXOpen news

EUR/USD AND USD/CHF SETTING UP FOR NEXT BREAK

https://blog.fxopen.com/wp-content/u...uro-EURUSD.jpg
EUR/USD remained well bid above the 1.0980 and 1.1000 levels and it could continue to rise. USD/CHF is currently holding an important support and it could climb above 1.0000.
Important Takeaways for EUR/USD and USD/CHF

• The Euro is showing positive signs above the key 1.0980 support area against the US Dollar.
• There is a major bearish trend line forming with resistance near 1.1040 on the hourly chart of EUR/USD.
• USD/CHF is facing a strong resistance near the 0.9990 and 1.0000 levels.
• There is a crucial bullish trend line forming with support near 0.9970 on the hourly chart

See more at https://blog.fxopen.com/eur-usd-and-...or-next-break/

AUD/USD and NZD/USD Are Gaining Bullish Momentum

AUD/USD is gaining bullish momentum and it recently broke the 0.6800 resistance area. NZD/USD is also showing a lot of positive signs and it recently settled above the 0.6350 hurdle.

This week, the Aussie Dollar formed a major support near the 0.6740 area and started a fresh increase against the US Dollar. The AUD/USD pair broke many key resistances near 0.6750 and 0.6760 to move into a positive zone.
There was a close above the key 0.6800 resistance area and the 50 hourly simple moving average. Moreover, there was a break above a major bearish trend line with resistance near 0.6760 on the hourly chart of AUD/USD.
AUDUSD-Chart-1024x479.jpg

he pair even broke the 0.6820 resistance, traded to a new high near 0.6838 on FXOpen, it is currently consolidating losses. An immediate support is near the 0.6820 level.
Moreover, the 23.6% Fib retracement level of the recent wave from the 0.6775 low to 0.6838 high is also near the 0.6820 level. There is also a rising channel forming with support near the 0.6820 level on the hourly chart.
If there is a downside break below 0.6820, the pair could correct lower towards the 0.6800 support area. An intermediate support is near 0.6808, plus the 50% Fib retracement level of the recent wave from the 0.6775 low to 0.6838 high.
Only a close below the 0.6800 support might start a major correction towards the 0.6760 support area in the near term. On the upside, a clear break above the 0.6840 resistance may perhaps call for more gains towards the 0.6880 level.

See more at: https://blog.fxopen.com/aud-usd-and-...lish-momentum/.

GBP/USD gained bullish momentum above the 1.2700 and 1.2800 resistance levels. Conversely, USD/CAD is under pressure and it could continue to slide below 1.3100.
Important Takeaways for GBP/USD and USD/CAD

• The British Pound is showing positive signs and is trading nicely above the 1.2850 pivot.
• There is a key bullish trend line forming with support near 1.2890 on the hourly chart of GBP/USD.
• USD/CAD declined recently and broke a few key supports near 1.3200 and 1.3180.
• There is a major bearish trend line forming with resistance near 1.3155 on the hourly chart.

GBP/USD Technical Analysis

The British Pound started a strong rise above the 1.2500 resistance area against the US Dollar. As a result, the GBP/USD pair broke many hurdles near the 1.2650 and 1.2700 levels to move into an uptrend.
The pair surpassed the key 1.2800 resistance area and the 50 hourly simple moving average. Finally, the pair rallied above the 1.2950 resistance area and traded close to the 1.3000 area.




A high was formed near 1.2983 on FXOpen and the pair is currently consolidating gains. It traded below the 38.2% Fib retracement level of the recent rally from the 1.2757 low to 1.2983 high.
However, the 1.2870-1.2880 area is acting as a support. Moreover, the 50% Fib retracement level of the recent rally from the 1.2757 low to 1.2983 high is acting as a support. It seems like the pair is holding the key 1.2850 support and the 50 hourly simple moving average.

Read more here

On November 3d MT4 and MT5 Server Time Switches to GMT+2

On November 3d, 2019 FXOpen will switch its trading servers from GMT +3 to GMT +2. The GMT offset in the company’s MetaTrader platform will be set to GMT+2 starting with the market opening on Monday (November 4th, 2019).
The change will affect all types of FXOpen trading accounts.
The changing of server time should not impact your open trades or the process of opening, placing, closing and modifying orders. However, you should keep this information in mind while planning your trading activities. Also, do not forget to adjust the time settings in your Indicators and Expert Advisors accordingly.

Read more news

On November 3d MT4 and MT5 Server Time Switches to GMT+2

On November 3d, 2019 FXOpen will switch its trading servers from GMT +3 to GMT +2. The GMT offset in the company’s MetaTrader platform will be set to GMT+2 starting with the market opening on Monday (November 4th, 2019).
The change will affect all types of FXOpen trading accounts.
The changing of server time should not impact your open trades or the process of opening, placing, closing and modifying orders. However, you should keep this information in mind while planning your trading activities. Also, do not forget to adjust the time settings in your Indicators and Expert Advisors accordingly.

GBP/USD Could Continue Higher, USD/CAD Is Correcting Lower

GBP/USD remained well bid above the 1.2800 area and recently started a fresh increase above 1.2875. USD/CAD topped near the 1.3200 area and it is currently correcting lower.

GBP/USD Technical Analysis

After a downside correction, the British Pound found support near the 1.2800 area against the US Dollar. The GBP/USD pair formed a support base near 1.2810 and started a fresh increase.
The pair broke a few important resistances near the 1.2850 level to move into a positive zone. Moreover, there was a break above the 1.2880 barrier and the 50 hourly simple moving average. Finally, the pair climbed above the 1.2900 level and traded as high as 1.2975 on FXOpen.
GBPUSD-Chart-1024x479.jpg

Recently, there was a minor downside correction below the 1.2950 level. The pair traded below the 23.6% Fib retracement level of the recent wave from the 1.2845 swing low to 1.2975 high.
However, the 1.2925 level is acting as a support and the pair is currently trading near the 50 hourly simple moving average. On the downside, there are many supports near the 1.2925 and 1.2920 levels.
Moreover, there is a connecting bullish trend line forming with support near 1.2920 on the hourly chart of GBP/USD. If there is a break below the trend, the pair could test the 1.2900 support area.
An intermediate support is near the 50% Fib retracement level of the recent wave from the 1.2845 swing low to 1.2975 high.
On the upside, an immediate resistance is near the 1.2970 level. If there is an upside break above 1.2970 and 1.2975, GBP/USD could accelerate above the 1.3000 resistance.

See more at: https://blog.fxopen.com/gbp-usd-coul...recting-lower/.