Lukman’s Week Ahead: Market Themes To Watch Out For – Webinar Jan 18

From the basics of learning how to trade, to in-depth analyses of complex strategies, we’ve got a webinar to suit traders of all learning styles and experience levels.

Join one of our free webinars today:

  • Learn the fundamentals of trading
  • Receive insights into risk management practices
  • Understand trading psychology
  • Watch live trading and market analysis
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  • Discover complex trading strategies
  • Trade with more confidence

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FXTM Senior Research Analyst Lukman Otunuga holds a BSc degree in Economics from the University of Essex and an MSc in Finance from London School of Business and Finance. A keen follower of macroeconomic events with a strong professional background in finance, Lukman is well versed in the markets. Read his full profile here.

FXTM Forex Trading Strategies Part 1 – Webinar Jan 19

The purpose of this webinar series is to explore the Forex Trading Strategies guide located on the FXTM website. In the first installment of this three-part series, both trading strategies and types of trades will be discussed and demonstrated on live charts. This presentation will help participants to gain confidence in their own trading skills. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

FXTM Forex Trading Strategies Part 2 – Webinar Jan 20

The purpose of this webinar series is to explore the Forex Trading Strategies guide located on the FXTM website. In the second installment of this three-part series, the Blade Runner Trade, the Daily Fibonacci Pivot Trade, the Bolly Band Bounce Trade and more will be discussed and demonstrated on live charts. This presentation will help participants to gain confidence in their own trading skills. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.
  • Log in or register
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FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Monthly Outlook – Webinar Jan 11

Join our Senior Research Analyst, Lukman Otunuga, and Market Analyst, Han Tan, for the first Monthly Outlook of the year to find out what the new year might have in store. This interactive presentation reveals potential trading opportunities with the Dollar, as the US welcomes a new president, the Pound, in the wake of Brexit’s final chapter and relentless Covid-19 concerns, Oil, as investors eagerly await news from scheduled OPEC meetings and much more! A live Q&A session will follow, providing you with the perfect opportunity to get your most pressing questions answered by our experts! Don’t miss out on the chance to learn more about what’s moving the markets in January, and what lies ahead for major markets in the first quarter of the year! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Senior Research Analyst Lukman Otunuga holds a BSc degree in Economics from the University of Essex and an MSc in Finance from London School of Business and Finance. A keen follower of macroeconomic events with a strong professional background in finance, Lukman is well versed in the markets. Read his full profile here.

The One Minute Exercise Demonstrated – Webinar Jan 13

This webinar is intended for new traders that understand the value of practicing on the price charts, but have limited available time. The One Minute Exercise and its basic principles will be demonstrated using a variety of instruments over a series of trades. Attendees will be able to ask questions and participate actively during the course of the webinar. The purpose of this informative presentation is to help traders to gain confidence in their own trading abilities. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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  • Click ‘Join Now’ on your chosen Webinar
  • Check your inbox for the webinar link

FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

The One Minute Exercise Introduction – Webinar Jan 07

This introductory webinar is intended for new traders that comprehend the value of practicing on the price charts, but have limited available time. The One Minute Exercise and its basic principles will be introduced using a variety of instruments over a series of trades. Attendees will be invited to ask questions and participate actively during the course of the webinar. The purpose of this informative presentation is to help traders to gain confidence in their own trading skills. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

REGISTER FOR FREE

  • Log in or register
  • Click ‘Join Now’ on your chosen Webinar
  • Check your inbox for the webinar link

FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Lukman’s Week Ahead: Market Themes to Watch out for – Webinar Jan 04

An authority on the markets, Lukman is frequently quoted by leading media across the globe, including the BBC, CNBC, CNN Money and Reuters. Join Lukman for expert insights on the latest market movements, potential trading opportunities and what the week ahead has in store for traders. Enjoy an expert look at: • The key themes driving the financial markets • Technical and fundamental trading ideas on the MT4 platform • How to use the latest FXTM trading signals • Using fundamental analysis to increase your profit potential • What to monitor over the coming week

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  • Log in or register
  • Click ‘Join Now’ on your chosen Webinar
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FXTM Senior Research Analyst Lukman Otunuga holds a BSc degree in Economics from the University of Essex and an MSc in Finance from London School of Business and Finance. A keen follower of macroeconomic events with a strong professional background in finance, Lukman is well versed in the markets. Read his full profile here.

Five Most Successful DeFi Assets of 2020

Money-lending services, decentralised exchanges and liquidity protocols, all running on smart-contracts, became a new popular agenda in the world of cryptocurrency in 2020. Many of these projects experienced wild fluctuations, both in terms of liquidity locked in the protocols and price action of their digital tokens.

Now, I will share with you my take on the most successful DeFi assets in 2020. In my list of projects I will use the data provided by the cryptocurrency data aggregators Messari and CoinGecko.

1. Aave (AAVE)

The money-lending platform Aave was launched in January 2020. At the end of 2020, its native token AAVE reached a $1 billion market cap and comfortably leads the DeFi project ranking by market cap.

Aave’s original token launched at the end of 2017 was Lend (LEND). In July 2020, the AAVE governance token was launched, and LEND tokens were swapped for AAVE at a ratio of 1:100. The AAVE token enjoyed spectacular growth in both spikes of the DeFi market in 2020: in August and November. From under $30 in July, the token rose to $90 in August, then fell to $25 on 5th November. Then the second wave of DeFi market growth began, taking AAVE to $96 on 3rd December.

As of mid-December 2020, AAVE is mainly trading between $75 and $90.

2. Uniswap (UNI)

Uniswap stormed the scene of decentralised exchanges (DEX’s) in 2020. It made a real breakthrough in terms of decentralised liquidity, quickly becoming the most popular DEX. In December 2020, the project’s reported market cap fluctuates around $850 million.

Since the launch of the UNI token on exchanges, its price quickly travelled from $0 to $8.5 in mid-September. Then the UNI price quickly reversed the gains in a corrective move toward $2 and sank below it in early November. But the second wave of DeFi market growth let the UNI token recover its positions above $3.

Since the launch of the UNI token on 17th September 2020, it has grown by over 200% as of mid-December 2020.

3. Yearn.finance (YFI)

The popularity of AAVE governance token and the governance tokens of such DeFi projects as Compound and Balance led to the rise of Andre Cronje’s Yearn.finance. The platform features several services, such as money lending, liquidity provision and insurance. As of mid-December 2020, the Yearn.finance market cap sits at around $734 million.

The platform was created single-handedly by developed Andre Cronje as iEarn, but the platform suffered an exploit in February 2020, creating a wave of criticism and making Andre Cronje step away. But he later returned and rebranded iEarn into Yearn.finance.

The project increased in capitalisation multifold after the launch of its governance token YFI on July 18th as people began pouring liquidity into the protocol. According to CoinGecko, YFI grew from $31.65 on 18th July to the dizzying $32,358 on 30st August. As of 16th December, the YFI price remains at around $24,500, with the astronomical 77,000% profit over 5 months, because there was no pre-sale or private sale of this token.

4. Compound (COMP)

Compound was the first big player among money-lending protocols in the DeFi space, and it remains one of the top DeFi players at the end of 2020. According to Messari, the project’s reported market cap amounts to around $660 million as of mid-December 2020.

Compound rose rapidly with the launch of its own governance token COMP. The token let people maximise their profits by benefiting from the liquidity locked in the protocol and mining the YFI, which surged from $61 on 18th July to $336 on 22nd July.

As of mid-December 2020, the COMP profit amounts to over 145%.

5. Synthetix (SNX)

Synthetic assets are derivative assets, created through liquidity locked in different liquidity protocols. Using crypto synthetic assets investors can peg the protocol’s token to any underlying asset and thus invest in various types of assets with a single token.

The most popular synthetic assets DeFi project has so far been Synthetix. As of 16th December, its reported market cap, according to Messari, constitutes around $560 million. The price of its SNX token launched in March 2019 has grown from $0.5 to an all-time-high of $7.84 on 1st September 2020.

Conclusion

The rise of DeFi in 2020 has clearly shown its potential in the financial world. The classic services revolutionised through trustless smart contracts have quickly gained public trust and interest, signaling high-profit potentials to high-net-worth investors and large companies. And this may only be the beginning of a larger adoption of DeFi technologies that the world may see in 2021.

Anton Chashchin, Commercial Director at CEX.IO Loan

Lukman’s Week Ahead: Market themes to watch out for – Webinar Dec 18

An authority on the markets, Lukman is frequently quoted by leading media across the globe, including the BBC, CNBC, CNN Money and Reuters. Join Lukman for expert insights on the latest market movements, potential trading opportunities and what the week ahead has in store for traders. Enjoy an expert look at: • The key themes driving the financial markets • Technical and fundamental trading ideas on the MT4 platform • How to use the latest FXTM trading signals • Using fundamental analysis to increase your profit potential • What to monitor over the coming week

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FXTM Senior Research Analyst Lukman Otunuga holds a BSc degree in Economics from the University of Essex and an MSc in Finance from London School of Business and Finance. A keen follower of macroeconomic events with a strong professional background in finance, Lukman is well versed in the markets. Read his full profile here.

Lukman’s Week Ahead: Market Themes to Watch out for – Webinar Jan 18

An authority on the markets, Lukman is frequently quoted by leading media across the globe, including the BBC, CNBC, CNN Money and Reuters. Join Lukman for expert insights on the latest market movements, potential trading opportunities and what the week ahead has in store for traders. Enjoy an expert look at: • The key themes driving the financial markets • Technical and fundamental trading ideas on the MT4 platform • How to use the latest FXTM trading signals • Using fundamental analysis to increase your profit potential • What to monitor over the coming week

REGISTER FOR FREE

  • Log in or register
  • Click ‘Join Now’ on your chosen Webinar
  • Check your inbox for the webinar link

FXTM Senior Research Analyst Lukman Otunuga holds a BSc degree in Economics from the University of Essex and an MSc in Finance from London School of Business and Finance. A keen follower of macroeconomic events with a strong professional background in finance, Lukman is well versed in the markets. Read his full profile here.

Lukman’s Week Ahead: Market themes to watch out for – Webinar Dec 14

An authority on the markets, Lukman is frequently quoted by leading media across the globe, including the BBC, CNBC, CNN Money and Reuters. Join Lukman for expert insights on the latest market movements, potential trading opportunities and what the week ahead has in store for traders. Enjoy an expert look at: • The key themes driving the financial markets • Technical and fundamental trading ideas on the MT4 platform • How to use the latest FXTM trading signals • Using fundamental analysis to increase your profit potential • What to monitor over the coming week

REGISTER FOR FREE

    • Log in or register
    • Click ‘Join Now’ on your chosen Webinar
    • Check your inbox for the webinar link

FXTM Senior Research Analyst Lukman Otunuga holds a BSc degree in Economics from the University of Essex and an MSc in Finance from London School of Business and Finance. A keen follower of macroeconomic events with a strong professional background in finance, Lukman is well versed in the markets. Read his full profile here.

Live Analysis and Market Structures’ – Webinar Dec 14

This webinar is intended for new and intermediate traders alike, and demonstrates the value of market structures such as Head and Shoulders live on the price charts. Theunis will explore technical analysis and reveal the dangers of over-analysing. There will be also be a live Q&A session, enabling you to having your most pressing trading questions answered. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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  • Check your inbox for the webinar link

FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Multi Time Frame Trading Strategy Demonstrated – Webinar Dec 09

This presentation is intended for both new and experienced traders that are interested in seeing this method demonstrated live in action. Theunis will provide practical demonstrations on MetaTrader 4 using a variety of time frames, as well as introduce vital risk management techniques. Attendees will be able to ask questions and participate actively during the course of the webinar. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

What do Cultural Differences and Trading Behaviours have in Common?

An investor’s attitude to risk is usually associated with their wealth, job security, and inflation. Having this in mind, you might conclude that two people from entirely different cultures and countries will invest similarly if their economic situation is the same. And you would be right. The whole concept of investment starts within communities and individual households, built on the foundation of the societal norms that surround them and constitute the fabric of their culture.

A study by Mei Wang and Marc Oliver Rieger, professors in behavioural finance, shows that cultural background influences investment behaviour, even when inflation rates and wealth are taken into account.

According to Wang and Rieger, the more impatient the investors are, the higher the value premium in a country is. Russia and Romania, for example, are such countries. Anglo-Saxons are willing to pay more for equities. Traditionally some societies tend to be quite risk averse than others, which is reflected in the make-up of the overall economy. “Ego-traders” are usually situated in the United States. More patient ones live in Germany and the Nordics, where there are more value traders who prefer to wait for more significant returns.

People’s expectations and the idea of value or value creation have changed with time. Yet culturally, many societies still favour traditional investment tools as a way to preserve or create wealth.

The most historical of all emotional connections between cultures and specific asset classes is the one that exists with gold. The demand for gold trading has moved East over the last decade, and this is primarily due  to the cultural affinity that exists between precious metal and countries such as India and China, where gold is considered one of the safest stores of value.

A lot of capital in India is stuck in hard assets because that’s the traditional and cultural mindset of the society there. The culturally defined beliefs in the country drive high demand for gold as an asset class, whether it is traded as physical gold or as a CFD (contract for difference) on the precious metal. This cultural affinity to gold is also similar in China. It is instrumental in the Lunar New Year, and 24-carat jewelry featuring the zodiac sign is frequently given as presents, both for its symbolism and centuries-old value.

Superstition is another emotional factor influencing the investment. In the Western world, stock market returns are always lower on Friday the 13th. A similar  situation can be observed in East Asian cultures, primarily China, with the number four – investors avoid all sorts of trades on the fourth day of every month.

The coronavirus pandemic has already played out differently around the world according to individual cultures. The majority of investors globally have responded by increasing their trading activity significantly, not least because most people were quarantined at home for months, with more time on their hands to trade.

Multi asset broker Exness offers some products by region depending on geographic behaviour, popular asset classes, and even religion. Its swap-free trading accounts, for example, are explicitly created for traders of the Islamic faith. According to the Koran, they cannot take part in any trading activity that accumulates interest. These particular accounts, however, allow clients in some of Exness’s most essential regions to invest freely without compromising their faith.

According to Stanislav Bernukhov, market analyst at Exness:

“Though some specific behavioural patterns may be visible through different countries, the financial markets liberate people, allowing them to achieve success no matter what education or background one might have. Mr. Market doesn’t care whether you hold a CFA license or graduated from the Ivy League – you just need to have the skills and knowledge which comes from persistent learning and usually has nothing to do with nationality.”

Investors don’t necessarily have something to learn from their counterparts in other countries, but understanding cultural differences in trading behaviour can certainly point them to opportunities they haven’t considered before.

Monthly Outlook for December – Webinar Dec 07

This interactive presentation reveals potential trading opportunities during the aftermath of the US elections and upcoming Brexit deadline negotiations, and reveals what could be in store for the USD, the Pound and the S&P 500. A live Q&A session will follow, providing you with the perfect opportunity to get your most pressing questions answered by our experts! Don’t miss out on the chance to learn more about what’s moving the markets this December! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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Lukman Otunuga is a research analyst at FXTM. A keen follower of macroeconomic events, with a strong professional and academic background in finance, Lukman is well versed in the various factors affecting the currency markets. . Read Lukman’s full profile.

Tan Chung Han (Han Tan) joined FXTM in January 2019 as a Market Analyst. A highly experienced financial journalist and news presenter with an in-depth understanding of the Southeast Asia and Asia-Pacific regions, Han will be providing valuable insights into local and international market news, as well as macroeconomic trends. Han will also act as the face of the company for these regions by providing market commentary, thereby solidifying FXTM’s reputation as a leading authority on world currency trends. Read Han’s full profile.

The Builder Strategy Applied – Webinar Nov 18

This presentation, designed for both new and intermediate traders alike, explores the Builder Strategy and reveals how it can be used to potentially benefit your trading. Theunis will offer practical demonstrations on MetaTrader 4 and explain the dangers of both over-analysing and over-trading. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Applied Economics, Everyone is Trading – Webinar Nov 23

This presentation explores the fundamentals of economics and how to understand these concepts to help create an investment portfolio. Attendees will learn to use to price charts to unlock potential trading opportunities, and gain an understanding of the four major asset classes. Theunis will also offer practical demonstrations and answer your most pressing industry questions. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

The Builder Strategy Introduction – Webinar Nov 11

This presentation introduces the Builder Strategy as a trading concept, and reveals how it may impact your trading. Attendees will learn to identify the early stages of a new trend, as well as how to utilise risk management techniques in conjunction with this strategy. Theunis will provide practical examples and demonstrations, as well as answer your most pressing industry questions. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Resistance and Support, Define the Playing Field – Webinar Nov 10

This presentation introduces support and resistance levels, and reveals how they may impact your trading. Attendees will explore both the advantages and disadvantages of using these levels, and discover how they can be used to identify potential trading opportunities. Theunis will provide practical examples and demonstrations on live price charts, as well as answer your most pressing industry questions. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.

Accessing FXTM Trading Signals – Webinar Nov 03

This presentation introduces FXTM trading signals and reveals how they could potentially benefit your trading. Attendees will explore the various ways that these signals can be used as an indicator for possible higher time frame momentum, as well as in conjunction with other trading methods and strategies. Theunis will provide practical examples and demonstrations, as well as answer your most pressing industry questions. Don’t miss out on the chance to learn from one of our experts from the comfort of your own home! All the material presented has been approved by the Company’s Key Individual, in accordance to FSCA guidelines.

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FXTM Trading Educator Theunis Kruger has always been fascinated by economics, with a particular interest in ‘wave’ formations and how they can be used to forecast and analyse trends in the financial markets. With a decade of solid trading experience to his name, Theunis now enjoys sharing his knowledge with others.