If you’re new to forex trading, honing your skills through a forex demo account is essential before you start trading for real in Jordan. This article will give you 6 reasons why you might need to open a demo account.
Did you know that in 2018 global trading volumes in the forex market were at an all time record high? Why? Because of the volatility in the world markets, more and more people are turning to forex to trade in, in order to get a better rate of return.
In the US alone, over 14 million households (according to Statista) have an online trading account. The forex market turns over more than $5 trillion each and every day – if that isn’t incentive enough to get into forex trading, what is?
Of course this can be an incredibly daunting market to break into, which is why practicing trading through a forex demo account first, is crucial, if you don’t want to lose money making silly mistakes.
What is a forex demo account
You’ve probably got a fairly good understanding of what a Jordan forex demo account is – it’s essentially a paper trading account which gives you information from live markets, simulating the real trading environment. All without putting any of your actual money at play (or at risk).
Using a demo account allows you to start trading online quickly and easily, practicing and learning what works for you before doing it for real, with cold hard cash.
If this is your first time trading, then using a forex demo is a must to get a feel for what live trading is actually like, as well as to get used to the trading platform and the broker you’re using.
How to open a forex demo account
Opening a demo account is quick and easy. All you have to do is pick your prefered platform and in a matter of minutes you’ll have a practice forex account all set up – ready for you to try your hand at trading currency, without losing money, should it all go horribly wrong.
Why trade with a demo account?
The safety net of a demo account will be invaluable as you navigate the often confusing world of forex. By using a demo account you’ll quickly learn the ins and outs of your chosen trading platform. You can figure out your prefered trading strategy too, analysing the results once you’ve made your trades (not that this will necessarily translate through to success in the real markets). It’s a risk free way of learning how to trade on the global currency market.
Let’s take a look at these in more depth.
1. Learn how to trade risk free
When you trade with a demo account it’s identical to a live account. You’re learning to trade on the job, but without any of the risk.
You can put all of your trade training into practice without losing any real money. In a demo account you trade with virtual funds, and you don’t have to switch to a live account until you’re entirely comfortable trading on the demo account.
Most platforms also have a learning hub where if you’re new to trading you can learn how to trade for free. Even if you’re a novice, or intermediate, or even an experienced trader you should never stop learning.
2. Get to know your trading platform
MetaTrader4, more commonly known as MT4, is the most popular trading platform for online traders to use. It has an interface that’s been developed to handle the full range of clients that use it, making it the best tool for both beginner traders through to professional forex traders.
When you open a demo account you learn how to trade using this platform – how to close your trade and how to put all the different tools to best use.
Before you open a live account, it’s essential you’re completely familiar with the ins and outs of trading – when you go live it’s your actual capital at risk. By using a demo account you’re setting yourself up for long term financial success.
3. Discover your boundaries
Trading brings out a range of emotions and you need to know where your boundaries are, and you don’t want to discover them when you’re trading with your actual money.
Overconfidence can carry you way beyond your comfort zone, and when you’re trading for real, this can equal devastating losses.
By playing around with your boundaries on the demo account, you’ll learn how to deal with euphoria and disappointment, so they don’t cloud your judgement in future trades.
5. Develop your trading strategy
Testing and adjusting a trading strategy is key to success. One trading strategy won’t work for all trades, such is life. You need to develop a trading strategy that allows you to be flexible and roll with the punches. You can learn and develop such a strategy, or strategies on a demo account.
Over time, the more trades you do, the more you’ll see what your own trading patterns look like, and you can analyse what you’re doing well and what you need to improve on.
Not putting your own capital at risk in a demo account means you can be as creative as you like and try all sorts of trading strategies, including really far-fetched ones and find out which work best for you.
6. Figure out your trading routine
Once you know your strategy, you can then figure out your trading routine. Just because you live in Jordan, doesn’t mean must you solely trade in Jordan.
That’s the beauty of online trading, you have access to the global forex markets. Most traders choose to trade around the opening of the big markets – Tokyo, London and New York (12am, 8am and 2.30pm GMT). However that doesn’t mean that you have to trade then.
You want to find a time that suits you. A time when you’re completely focused on what you’re doing – develop your routine to fit around your work and home life. The last thing you want is to make poor trading decisions because you’re distracted.
Remember, forex trading is a marathon – so plan for the long term and practice, practice practice trading on a forex demo account. It’ll pay dividends in the long run.
The IPOX® Week, June 1, 2020
- Everything IPOX records big returns during May as investors flock to the New Generation of stocks.
- FANG-free, broad-based IPOX 100 U.S. (ETF: FPX) jumps +11.26%. Diversified IPOX International (ETF: FPXI) rises to +14.33% YTD, closes week at fresh all-time high.
- JDE Peet’s strong Amsterdam debut, ZoomInfo lined up.
Everything IPOX records big returns during May as investors flock to the New Generation of stocks. Amid stable U.S. yields, lower equity risk (VIX: -2.31%), geo-political jitters, declining global anxiety over Covid-19 and the S&P 500 (SPX) zooming through big technical resistance, IPOX finished May with another strong showing, with multiple Indexes closing out the month at or near all-time highs. In the U.S., e.g., the FANG-free, broad-based IPOX 100 U.S. (ETF: FPX) jumped +3.28% last week to gain +11.26% during May, a massive +673 bps. ahead of the S&P 500 (SPX), benchmark for U.S. stocks. The IPOX 100 U.S. (ETF: FPX) also finished out the month by recording its first positive YTD close since Feb. 26, 2020, as late-day positioning amid previously delayed index rebalancing’s propelled IPOX holdings which are typically underrepresented in the benchmarks. 88% of portfolio constituents rose during May, with the equally-weighted average (median) stock adding a massive +13.96% (+11.52%), ahead of the applied market-cap weighted IPOX 100 U.S. (ETF: FPX) and underlying the big strength in small- and mid-cap specialty exposure in light of a good month for the Russell 2000 (RTY), which gained +6.36% to -16.45% YTD.
Diversified IPOX International (ETF: FPXI) rises to +14.33% YTD, closes week at fresh all-time high. Strong IPOX momentum continued to extend to firms domiciled outside the U.S. with the diversified IPOX International (ETF: FPXI) adding +3.35% to +14.33% YTD, its 8th consecutive weekly gain, and up +10.69% for May. All global regions represented in the portfolio drove returns, including China (CNI), Developed Asia-Pacific (IPTA), Europe (IXTE, IPND) and Japan (IPJP). Gains were broad-based across market-cap spectrum and industries, led by Asia-Pacific key tech plays Sea (SE US: +43.58%), Meituan Dianping (3690 HK: +41.33%), Pinduoduo (PDD US: +40.96%), Freee KK (4478 JP: +39.29%) and Mercari (4385 JP: +18.32%), followed by specialty exposure linked to diverse other industries including Danish drug maker Genmab (GMAB US: +25.24%), Brazil Financial XP (XP US: +20.67%) and leading global energy plays Orsted (ORSTED DC: +14.29%) and Saudi Arabian Oil (ARAMCO AB: +4.27%).
IPOX International ETF (FPXI)-Investing since 11/2015
|Long-only IPOX® Indexes Price Returns (%)||Last Week||2019||2020 YTD|
|IPOX® Indexes: Global/International|
|IPOX® Global (IPGL50) (USD)||12.23||27.93||12.79|
|IPOX® International (IPXI)* (USD) (ETF: FPXI)||10.69||31.37||14.33|
|IPOX® Indexes: United States|
|IPOX® 100 U.S. (IPXO)* (USD) (ETF: FPX)||11.26||29.60||0.38|
|IPOX® ESG (IPXT) (USD)||7.13||–||–|
|IPOX® Indexes: Europe/Nordic|
|IPOX® 30 Europe (IXTE) (EUR)||11.99||34.55||15.03|
|IPOX® Nordic (IPND)||15.29||38.52||14.71|
|IPOX® 100 Europe (IPOE)* (USD)||9.52||30.97||3.02|
|IPOX® Indexes: Asia-Pacific/China|
|IPOX® Asia-Pacific (IPTA) (USD)||10.67||4.41||9.23|
|IPOX® China (CNI) (USD)||7.79||26.31||14.52|
|IPOX® Japan (IPJP)** (JPY)||13.00||37.91||-3.10|
* Basis for ETFs: FPX US, FPX LN, FPXE US, FPXU FP, FPXI US, TCIP110 IT and CME-traded e-mini IPOX® 100 U.S. Futures (IPOM0). Source: Bloomberg L.P. & Refinitiv/Thomson Reuters. For IPOX Alternative Strategies Returns, please contact email@example.com
NOW TRADING: 0.25 tick IPOX 100 U.S. Index Futures (Front month: IPOM0). Whether you are a risk manager or speculator, CME Group – the world’s largest exchange operator – now offers efficient and cost-effective access to the IPOX 100 U.S. Index (ETF: FPX) via emini IPOX 100 U.S. Index Futures (Front month: IPOM0). Contact firstname.lastname@example.org for further info and Free Data & Resources.
|MYOKARDIA (FPX)||62.83||ARVINAS (FPX)||-36.63|
|LIVONGO HEALTH (FPX)||49.79||HAPAG-LLOYD (FPXE)||-34.07|
|ARGENX (FPXE)||49.70||COUNTRYSIDE (FPXE)||-28.23|
|APPFOLIO (FPX)||44.28||GSX TECHEDU (FPXI)||-20.73|
|SEA (FPXI)||43.58||AIB GROUP (FPXE)||-20.08|
|REDFIN (FPX)||41.93||KOOLEARN TECH. (FPXI)||-16.84|
|MEITUAN DIANPING (FPXI)||41.33||CHINA FEIHE (FPXI)||-13.37|
|PINDUODUO (FPXI)||40.96||COOR SERVICE (FPXE)||-10.08|
|FREEE KK (FPXI)||39.29||ROKU (FPX)||-9.67|
|KINSALE CAPITAL (FPX)||37.47||GILEAD SCIENCES (FPX)||-7.35|
IPO Deal-flow Review and Outlook: JDE Peet’s surges in Amsterdam $2.4 billion debut. ZoomInfo lined up. With no U.S. IPOs taking place during the shortened U.S. trading week, focus was on deals in Europe with JAB’s coffee empire JDE Peet’s (JDEP NA: +13.78%) and German analytic database management firm Exasol (EXL GR: +35.58%) debuting strongly. With the global IPO window now open, the world’s third-largest record label Warner Music Group (WMG US), business-intelligence platform ZoomInfo Technologies (ZI US), fibrosis biopharma Pliant Therapeutics (PLRX US) and J&J-backed GenScript cell therapy unit spin-off Legend Biotech (LEGN US) are scheduled to list in the U.S. this week, while Tencent-backed payment platform Yeahka (9923 HK) is set to launch with over 600x oversubscription in Hong Kong. Other IPO news include: 1) Brookfield-backed WeWork rival Industrious poised for IPO; 2) Germany OTC drug maker PharmaSGP plans Frankfurt listing; 3) U.S.-listed NetEase and JD.com to list in Hong Kong in upcoming weeks; 4) multiple biotechs added to the U.S. pipeline including Avidity Biosciences Generation Bio, Progenity and Vaxcyte.
The post The IPOX® Week, June 1, 2020 appeared first on Low Cost Stock & Options Trading | Advanced Online Stock Trading | Lightspeed |.
Smartphone Slumber, or Smartphone Surge?
Despite many industries being affected in recent months due to a global pandemic, smartphone releases aren’t slowing down. Apple recently launched a more affordable iPhone SE, complete with formidable features for a fraction of its $1,000+ flagship models—and another phone is in the works for the tech giant with an expected reveal soon. Similarly, Samsung hosted an event in San Francisco in February to ship its Galaxy smartphone. But as the product supply keeps churning out new devices, will there be demand?
While we can try to look at past recessions to establish a benchmark for how things may progress, our last economic decline in 2008 cannot provide a proper guide as to how this one may affect mobile device sales. More than a decade ago, devices weren’t nearly as vital as they are today when it comes to connectivity—both personally and professionally. So, on one hand, unemployment rates are surging and creating a deficit in durable spending, which includes gadgets. On the other hand, mobile devices today can easily be considered more vital and advanced than they were 10+ years ago, which has been proven in recent months.
With businesses and organizations of all types closed around the world, one of the emerging trends has been the work-from-home model. As the world adapts to different methods of communication, industries are discovering that working remotely may actually be feasible—not just on an as-needed basis, but as a permanent staple: CRN recently reported that “About 74 percent of CFOs surveyed by Gartner expect some of their employees who were forced to work from home because of the COVID-19 coronavirus pandemic to continue working remotely after the pandemic ends.” As CFOs find ways to manage costs, a remote workforce—which reduces on-premises technology and real estate needs—is a great way to cut expenses. And if they move forward with a permanently remote workforce, they may need to make significant investments in devices for their employees, which could be good for brands.
Another side of the technological coin is the one that factors in the quality and life cycle of a device—so as consumers look to upgrade, they may be willing to spend more on a device that will last longer, extending its lifespan. Prior to the pandemic, global smartphone shipments had been in decline, as consumers were holding on to their phones longer. But if there’s still innovation happening, there’s a mixed batch in the market for different needs, all of which can be fulfilled:
- Innovation will continue, creating a wave of trade-ins
- Consumers who may want an upgrade but don’t want the newest device can purchase a used device
- Both of these alternatives can offer carriers and manufacturers options for how they deal with devices
Over the next several months, we’ll see how the mobile market responds to the aftermath of the pandemic, as well as to new phone releases.
In the meantime, there’s a secondary mobile marketthat larger carriers and OEMs can leverage to move their trade-in and excess devices. One of these channels is B-Stock. We operate the world’s largest B2B marketplace for trade-in and excess mobile phones. Across our client marketplaces—which consist of large carriers, OEMs, and buy-back companies—we sell more than 3 million phones and more than 5 million mobile accessories every year.
For more information on selling via our mobile marketplace platform, please download our Mobile Brochure. And If you want to learn more about secondary market trends and how large carriers, OEMs, and buy-back companies are increasing the life cycle and pricing of phones via B-Stock’s B2B marketplace platform, request a demo.
Economic Package Part 2: Quick Takeaways
Hon. Finance Minister announced a series of liquidity measures under Part 2 of Economic Package on 13th May 2020.
The key highlights of Part 2 package are in bold, followed by our opinion:
Upto Rs. 3 Lakh Crore for MSME with Credit Guarantee from Government.
The current outstanding amount of MSME loans is around Rs. 18 Lakh Crore. Other loans against assets excluded. Additional line of Rs. 3 Lakh Crore’s unsecured loans can help the companies restart their business. 45 lakh MSME eligible for this loan facility. These firms employ close to 12 Crore people.
Additional Rs. 20,000 Cr for stressed MSME
Around 2 Lakh MSME are under stress meaning they are either overleveraged or they have delayed interest payments/NPA. This provides relief to banks and NBFC that may have high NPA due to SME.
Liquidity for NBFC
Special liquidity of Rs. 30,000 Cr to NBFC/HFC to all investment-grade paper with a government guarantee. Additionally, another Rs. 45,000 Cr to all NBFC with a partial guarantee by the government up to 20%. Many banking experts believe this could be inadequate.
Many NBFCs lend to last-mile borrowers either in non-traditional segments or remote areas or low rated borrowers. NBFC didn’t have funds to lend, which led to a collapse in demand for end borrowers. Banks were reluctant to lend because of risks in NBFC. Since the government is now offering liquidity and partial guarantee, funds will flow to reasonably good NBFC and hence the end borrower.
Liquidity for Discom with state’s guarantee to borrower
Discoms have Rs. 90,000 Cr in dues towards generation and transmission companies. Relief for generation companies to carry on their business. Many industry experts believe there needs to be reform in the power sector instead of the current stopgap arrangement.
25% cut in TDS, TCS
TDS and TCS cut of 25% on payments for contracts, professional fees, interest, rent, dividend, commission, and brokerage. This provides liquidity to businesses, individuals, and investors. The total expected liquidity in hand will be approx. Rs. 50,000 Cr.
Current measures are mostly liquidity measures and may have temporary relief to restart a business. However, more reforms/stimulus is needed to fix the demand side of the economy which got affected due to i) job losses/salary cuts ii) reluctance to purchases from poor sentiment.
Many of these measures may not have desired implications unless we start seeing economic activity reinstated. Our interpretation of potential benefits is based on the fact that the economy will be reopened in a reasonable time.
We will be hearing series announcements in the coming days. We will be sharing quick takeaways with our interpretation.
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