AMAZON AMZN Better understanding of how CFDs workCFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade.
If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting to profit from it.
The benefit of CFDs is that there is no need to own the physical asset. Instead, traders speculate in the difference between opening and closing trade prices. While these contracts can be used to speculate on the foreign exchange markets, the same concept applies to other assets such as commodities , oil and indices.
To gain a better understanding of how CFDs work, let’s look at Amazon stock as an example.
If you think Amazon shares are going to go higher, you would want to buy into this stock and profit from this opportunity. Hence, you purchase 10 CFDs on Amazon shares at $2,500, so the total value of the trade will be $25,000 (10 x $2,500). If Amazon appreciates to $3,000, you will make $500 per share, which is a $5,000 profit (10 x $500). CFD concepts are applied to forex trading as well.
TOP-6
Strong levels,w-top,FLAT-trading scenario. BTC/USDTHello traders.
The previous idea will work out 100%
If you are good at trading, you can see how this happens.
I removed all the unnecessary on the grack, so I was guided by all my tips, and waited where the price would go.
All my entries, I published in the public domain, and all 4 positions, short, short, long, and short - brought good profit.
So far, I am out of position, as I am waiting for the level 18500-18650 to show itself.
If you see a close above this level - then definitely a log - up to 18888-19230
If the kickback and creep are below 18350 - short.
I still expect that the price will be driven up to form the "Head and Shoulders" - this is the same, I described in my previous idea. But if this does not happen, then I will again continue to work in a flat range - 18650 - 17666.
XMR MSNFXMonero is building up a nice bullish outlook that has seen its price jump significantly the past weeks.
The sell-off witnessed across the entire crypto market the past two weeks saw most cryptocurrencies fall alongside Bitcoin. Monero has appeared to strongly decouple from the leading asset.
MONERO XMRUSD Price Action Monero network tansactions have continued to increase since the November. MR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH.
Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions.
SHORT TERM LEVEL
Next intra day resistance at 143.75
LONG TERM LEVEL
The cryptocurrency is down 72% from the all-time high of nearly $500, established in December 2017. All eyes over the next year are on the heavy resistance zone of US$150 based on yearly pivots , and psychological round numbers.
XAU MSNFX RallyHolding $1835.80 Could Trigger Rally into $1860. Price Action through $1973.30 will change the overall trend long. The early price action suggests the direction of the February Comex gold market on Monday is likely to be determined by traders reacting to $1835.80.
Gold futures are inching higher on Monday after recovering earlier losses in a tight, mostly rangebound trade, as hopes of a U.S. fiscal stimulus package being passed this week offset downward pressure from optimism around COVID-19 vaccines roll-outs.
NZDCHF support & resistanceFX Strategists at UOB Group, NZD/USD could have charted a short-term top and is now seen entering into a consolidative phase.
“We expected NZD to ‘drift lower’ yesterday but we were of the view that ‘the strong support at 0.7010 may not be easy to crack’. However, NZD briefly dropped below 0.7010 (low of 0.7006) before rebounding to close little changed at 0.7042 (+0.01%). The outlook is mixed and NZD could trade between 0.7010 and 0.7065 for today.”
Where NZDUSD goes NZDCHF will likely follow. Looking for significant signs of resistance and strong breaks through support.
Gold support levelsGold-backed trust funds traded on the stock market saw their first net outflows in a year last month, the mining-industry's World Gold Council
said today, with gold ETFs as a group shrinking 2.7% by size and 8.9% by value as gold prices sank at their fastest pace on Joe Biden's win since
Donald Trump won the 2016 US election.
Looking for breaks through support levels of 1842 & 1827.
TSLA climbing to 1KThe stock hit $1,000 earlier this year before the company's five-for-one stock split took effect on Aug. 31, 2020.
Global deliveries in 2019 were 367,656 units. Based on third-quarter earnings data, Tesla remains on track and has the capacity to top its goal of 500,000 vehicle deliveries in 2020.
Seventy-three percent of Benzinga readers surveyed said Tesla will reach $1,000 per share by 2022.
First profit target $630
XEM/BTC Triple Top XEM/BTC is seeing some strong upward movement today. I'm seeing the price reach the 1450-1500 sat area again.
If the price manages to blast through this area, we might see even more growth in the coming weeks. In any case, trade carefully.
to gap or not to gapSo, its no secret that performance has been persistent over the last few months. Only up. Keep it up, push it up, buy it up. Think that's the top? wrong, buy it up.
Steam always runs out, there is no such thing as perpetual motion however statistically speaking, we tend to feel as though movement is perpetual during parabolic change. That's why we use logarithmic scaling to sift through the noise.
It seems as though nothing has been stopping us recently, we have had a great climb and nearly kissed 20k. The question is, does the 19.8k we hit become this bullrun's legacy, or shall we continue another push to retest the iconic numbers everyone is so fixated on. 19.8 was already an ATH, so there is the first justification for a top. We are also eyeing the floor of a dirty CME gap that formed over the weekend right below 17k. Typically these fill in their entirety, at least to half of the gap distance. Given the over extended nature of our current level, I would anticipate full gap closure. Selling anything above 18375, and buying anything below 17k. Large offset orders have been placed just south of 14k, 15k, and 16k to utilize any extreme drops to my advantage.
Cheers
DXY OUTLOOK NOV 8TH - 13THPREVIOUS CHART :
TVC:DXY
1st things 1st... Phew What a BEAUTIFUL trading week this was. there was a lot of volatility but from a technical view, all of the prices lines up perfectly. i firmly believe that the DXY is going to test out the yearly lows. Although i'm bearish on the dollar, as of right now i am sitting comfortable in my positions with a neutral outlook. When the week starts, I will wait for the opportunity add on to my positions. i've already taken some profits because of the uncertainty of the fundamentals & with the markets being closed over the weekend, sheesh you may never know. I understand there can be pull back as we're coming into resistance after this 200 point drop but i'll just wait until the opportunity presents itself.
Chainlink on the LINKUSD view 2020Before im charting a chainlink against BTC,
this time compare with USD.
if u see the the price, there u see since
it born, the price is around peny. 0.03 USD.
during the hard time for crypto world, the only i see a great
climbing is chainlink.
Although its born from a token of etherium, but
it oracle base will connect between the real world and digital world.
Damnnn!!!! give me a like u like my chart.
Current Price
$15.02 USD (2.38%)
0.00080513 BTC (0.22%)
0.02550463 ETH (-6.27%)
short week?My TA isn't the best considering im still fairly new to the trading world. But from what im picking up on the s&p are bearish signals. considering the fact that the market has literally been being pumped and printing money all year since march, cases on the rise, undecided president still, trump won't leave the chair without a fight, well, i could go on. but from a technical point i see 3200 easily, under that could get very dangerous. but from a bullish perspective we could have a rally into the end of the year to 3700. but that would only cause for a harder crash imo. but opportunity is opportunity..... please share your thoughts!!!!