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ParagonEx Dynamic gains new ground at iFX EXPO

ParagonEX Dynamic, a leading solution provider of innovative financial trading services, showcased their superior financial technology to great acclaim at this year's iFX EXPO The highly anticipated fintech conference, iFX EXPO took place in Dubai on 19-20 May and was the first physical fintech event since the end of 2019. The expo proved to be hugely successful for ParagonEX Dynamic, bringing many opportunities and setting the ground for new business partnerships. This was a major event, that proved to be hugely successful as well. After more than one year of virtual events, it was time for face-to-face business networking again. Hundreds of people made it to the show, both local and international visitors. The most renowned fintech companies from the region and all over the globe had the chance to showcase their products and services to interested parties. ParagonEX Dynamic took the opportunity to establish new business connections with investors and potential partners from the region. Amnon Goldrat, CEO of ParagonEX Dynamic, commented: "Overall, the region is very conducive to investments and great for business. With this event having opened up so many doors, we're hoping it is the beginning of a strong expo season." The company's booth was always busy, which illustrated the appeal of the fintech solutions that ParagonEX Dynamic has to offer. Expo attendees had the opportunity to get acquainted with all the company's innovative turnkey technologies. From their versatile web trading platform designed for traders of any skill level, to Simple Trader, an intuitive platform designed with the beginner in mind. The company also demonstrated its agile solutions for copy trading and portfolio management, and integrations with MT5, affiliate networks and international payment providers. At ParagonEX Dynamic's booth, there were also representatives from ParagonEX Prime. The team showcased their end-to-end brokerage products, further proving that they are truly a one stop shop that every business owner needs, whether small, big, or just starting out. There were solutions for anyone looking for new opportunities to grow their businessand to increase profitability. At the end of the day, the iFX EXPO was a great opportunity for ParagonEX Dynamic to extend their global reach and highlighted the importance of physical business networking. Both physical and virtual events will continue to be integral to reaching clients, partners and investors in the fintech industry. For more information and inquiries do not hesitate to contact us . Invest in yourself. See our forex education hub.


Trade ideas for the week 14-18 June

A couple of trade ideas for this week The Bank of Canada and the European Central Bank held meetings last week. Both regulators upgraded economic forecasts, but the ECB didn't talk about monetary tapering. That makes the CAD stronger than the EUR. Now all eyes are turning to the Federal Reserve and the US dollar. Trade ideas XAU/USD In our opinion, gold offers one of the best opportunities to trade on the US data releases and the Fed. American inflation jumped to the highest level since August 2008. However, the Federal Reserve keeps saying that the rise in prices is only temporary, so there is no need to act. If the central bank sticks to this view on Wednesday, XAU/USD will get green light for the further advance. If the Fed uses its press conference as a chance to announce a shift in its mood, gold will decline.    EUR/USD The most popular currency pair keeps trading between 1.22 and 1.21. The Fed's meeting will determine whether it manages to stay within the medium-term uptrend or moves lower. Overall, the strength of the single currency will be put to test. British pound Keep an eye on the pairs with the pound, such as EUR/GBP, GBP/JPY, and GBP/USD. If the tensions between the EU and the UK subside, the British currency should enjoy a boost. Oil Oil price optimism has been increasing in recent weeks. Brent rose to levels above $72. It seems that Iranian oil won't return to the market soon and the demand is recovering. With the increase of the Coronavirus cases being the main risk for the bullish scenario, we turn our eyes to higher levels. START TRADING Invest in yourself. See our forex education hub.


Divergence by trend trading strategy

How to use divergences to your advantage This article is devoted to a famous tech analysis instrument, which is divergence. Regardless of being so well-known and popular among traders, divergences brought a lot of people to a lamentable state. I think, this is because a lot of traders who had a bad experience with divergences in Forex, futures, or stock markets, used it for catching reversals. And hunting reversals with any type of tech analysis is quite tricky. That is why we will step aside from this dubious topic and concentrate on trading the trend. Indicators for catching divergences by trend Open and AUD/USD chart and install to it two most popular indicators for finding divergences - the MACD and Stochastic. I compared their efficacy in the same market situation and, honestly, Stochastic is no worse than the MACD for catching divergences; on the contrary, sometimes it even does a better job. Hence, for determining divergences in uptrends and downtrends, we will use the Stochastic Oscillator. Let us leave the parameters standard for neither you not me to get confused. There is no need changing things that work pretty well. As long as the indicator looks like two lines, I will mention it separately that I draw a divergence through the highest tops/deepest bottoms regardless of the line that forms them. A signal to buy from a divergence by trend In an uptrend, when a divergence by the trend forms, a signal to buy will appear if: The second local low of the two necessary for a divergence by the trend is complete;The second local low of the two necessary for a divergence by the trend on the Stochastic is complete as well;The lines drawn through the two local lows on the chart and Stochastic are converging to their right. Judging by those divergences I managed to find in the Aussie before I started this article, it is no worth counting on entering at a better price than the one you see when the signal appears. Sometimes the price pulls back a bit during a candlestick or two, but normally no deeper than the tip of the first low of the two that create the divergence. Hence, better enter by the market price, right after the signal appears or by a pending order at the smallest possible distance from the current price. By the way, it is super desirable that the second extreme broke falsely through the level of the first one. If the breakaway is true, the probability that the bullish signal will work might be lower. Examples of a signal to buy: As you see, only the second entry signal by the trend to the left could lie idle, but you may transfer the position to the breakeven many times, so this signal is also considered positive. A signal to sell from a divergence by trend In a downtrend, with a divergence formed by the trend, a signal to sell will be a moment when: The second local high of the two necessary for a divergence by the trend is complete;The second local high of the two necessary for a divergence by the trend on the Stochastic is complete as well;The lines drawn through the two local highs on the chart and Stochastic are converging to their left. And on this part of the chart, only the last one of the divergences turns out to be 100% losing. But if you recall my advice to use only those divergences in which the second extreme breaks through the level of the first one falsely, you will not use this only losing signal on the chart because in this case, the breakaway of the first extreme was true. Take Profit and Stop Loss By this strategy, Stop Losses are placed above the highest high of the divergence in a bearish trend and under the lowest low of the divergence in a bullish trend. You can drag it after newly emerging extremes along with the price heading for the profit. In either trend, you should drag the SL to the breakeven using every acceptable extreme, while when the position gets protected from losses, try using only those extremes that seem to you safe from further testing. As a rule, an extreme is safer when it takes long to form. As for the Take Profit, place it according to your experience and the market situation. If you see the trend exhausting or the market stuck at a level, these might be the moments to determine a place for your TP. Money management Using this strategy for the first month, never risk more than 1% of your deposit - take your time to find good and promising divergences by a bearish/bullish trend. As well as take your time to feel how the price behaves after the signal appears. When you adapt fully, you may increase your risk to 2% but never more. To sum up, I would remind you that it is extremely vital to choose a timeframe that is good for you and not necessarily the one I am giving you examples on, or some Jack down the street recommends you. Also, you need a lot of patience if you trade in Forex or on the futures market. Well, same with stocks. Everybody knows that 70% of time the market spends in dubious flats. And the strategy requires clear uptrend and downtrends that take only 30% of trading time. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex


We encounter valuation periods in annuities and life insurances

A closer look at valuation What are valuation and valuation periods? Valuation is a calculation usually done by appraisers after an intraday or business hours to know the value of a product, hence the name valuation period. At the end of a given time, there is an identification of the value of something for investment purposes. We can encounter the valuation period in annuities and life insurances, and we can determine the value through either the present formula or the future formula. This article will explain the valuation period and its details further. Life insurances, annuities, and valuation periods People are now starting to recognize life insurances. They have policies that offer security and assistance in times of hospitalization and even death. Aside from present investments, people are also looking at future investments, especially when they retire. People make sure that they will still have a source of income even when they can't work anymore. Variable annuities offer payouts that depend on how much is the annuity investment. The value contract also depends on the status of the investments. Variable annuity investors can customize their investment's distribution whether it is a percentage or amounts to the investment components. There is also a type of annuity called a deferred annuity. The insurance company will regularly provide the investor money or a lump sum in the future, specifically on retirement. It is a less risky investment compared to a variable annuity because there is no daily valuation. However, the advantage of variable annuities is the potential for higher payouts. In these topics, we can always encounter the term valuation period. Valuation using the present value An annuity's present value is the total cash amount of future annuity payments. Then there is the ROR or rate of return, which is also known as the discount rate -it is the basis of future payments. The higher the discount rate is, the lower is the annuity's present value. What is the basis of an annuity's present value? It is the time value of money. For example, Christine receives money amounting to $6,000 today then invests it, the value will be more significant instead of that $6,000 in the future. It means that the return rate of $6,000 will be more if invested now than receiving $1,000 per year even if invested at the same rate of interest. Valuation using the future value On the other hand of present value is the future value. It is the potential cash amount that an investor can achieve after using future payments. The calculation is a measurement of the set of fixed payments with interest at a specified date in the future. When we calculate the future value of an annuity, this is the total of all the payments during the time frame and its corresponding accumulated interest. To come up with the total sum, list down all the payments made , individual payment periods, and each payment's accumulated interest. Hence, the requirement to know the future value of an annuity is to calculate each cash flow in a certain period. Invest in yourself. See our forex education hub.


Time-in-force orders applied on other orders are beneficial to traders

Getting to know time-in-force orders What are time-in-force orders? Time in force, also known as TIF, is the length of time an order is active before execution or cancelation. Traders and investors can create specific instructions when ordering stocks or other financial instruments. So, time in force is a trader's mechanism when controlling the timings of a particular trade. Usually, traders use only one price for auctions at either the beginning or end of trading because the price should all be the same in transactions. The orders that traders place at the opening or closing of a market and enter the auction do not affect. Certain types of orders such as market on the open, market on close, the limit on open, and the limit on close enter the picture when we add price conditions in the topic. More on time-in-force orders Time-in-force orders are very beneficial for traders because they can customize their trade using their preferred time parameters. They can avoid making accidental trades and forgetting to cancel old orders. While most traders use day orders because this is the default, they can still choose from a wide variety depending on their trading strategy and techniques. Some of the examples of these orders are GTC, IOC, GTC, OPC, and DTC. Looking closely on orders where we can apply time in force As we have mentioned previously, we can apply time in force orders to other types of orders. First is the most common, which is day orders. Day orders (DAY) are low supervision orders since they automatically cancel if not filled during the trading day. Fill or kill orders (FOK) instruct brokers to execute orders as a whole and immediately. The order gets canceled if the broker can't meet the conditions set by the trader. An immediate or cancel order (IOC) is self-explanatory. It gets canceled seconds after placing the order if the execution can't happen immediately. It is somehow a FOK order; only it accepts partial orders, and FOK does not. Good til canceled orders (GTC) remains active anywhere from 30 to 90 days unless canceled or executed after hitting the price condition. We also have good 'til date orders that will continue to work in the system and marketplace unless executed. A trader places the order together with a specific execution date and time. Adding to the list of orders where we can apply time in force orders are market on open (MOO) and limit on open (LOO) that executes in the market's opening.  Contrasting these orders are market on close and limit on close that executes during and slightly after the markets close. A conclusion on time in force orders There are many ways to be successful in trading, and we have already mentioned quite a few of them. We can say that time in force is one of the excellent strategies. While it saves time, it also avoids significant losses through order customization. Traders can also focus on other things like jobs or even personal matters since trade in force orders require minimal to zero supervision. Success does not solely depend on order alone but also significantly on the traders. Invest in yourself. See our forex education hub.


Market-on-open orders are used at a trading day's opening auction

Getting to know market-on-open orders What is a market-on-open order? Market on open orders, also known as MOO, refers to marketing orders used in a trading's opening auction. These orders promise execution and not the price, hence their nature as market orders. In short, the execution of MOOs only happens at the day's opening price with the day's first printed price. MOOs are non-limit orders, and traders place them if they think that the price may suddenly change throughout the day. They influence the market since it creates an imbalance before the trading day goes full swing. Market-on-open orders are the opposite of market-on-close orders since the execution is close to the closing price. Traders can execute MOCs almost or during the market's closing. The trading day's last available price is the primary goal of MOCs, while in MOOs, the goal is the trading day's opening price. New York Stock Exchange market-on-open orders vs. Nasdaq market-on-open orders Even though orders might be considered as MOOs, they have different mechanisms. For example, Nasdaq's MOOs have other mechanisms compared to that of NYSE's MOOs. Traders can enter, cancel, or even amended from 7:00 in the morning until 9:28 Eastern Time on weekdays with Nasdaq's MOOs. While traders who trade with New York Stock Exchange MOOs can enter, cancel, amend anytime until 9:28 in the morning, Eastern Time. If the MOOs are liquid enough, then there will surely be an execution but not identifying the price. Market makers in line with market-on-open orders Traders buy and sell orders overnight and early in the morning at different prices. A few minutes before the market opens, a trader must purchase an order before an execution. In those few minutes, traders need to specify what kind of orders they want. They can be limit, market, large or small orders, or buy or sell orders. Market makers create a balance in the supply and demand since usually there is an imbalance on the market's one side. Market makers facilitate auctions every trading day at the open to know what the opening price is. Market makers tend to avoid volatility and increase liquidity; that is why exchanges need them. Exchanges may force market makers to facilitate trades (opening and closing auctions) to gain more balance. They sometimes get privileges that traders do not get, so they will do better at what they do.   Why do traders tend to prefer opening and closing? These times are the peak of trading. There is lesser volatility than a substantial mutual fund order or ETF, and also, there is more liquidity during these times. If a trader orders bulk MOOs, then the opening asking price should be more than yesterday's closing price. When do traders typically use market-on-open orders? Retail traders either use market-on-open orders for orders that create market impact or obtain an opening print. If they use it for market impact, even small shares can massively impact the market. Due to this reason, it is wise to use this liquidity advantage. However, traders might also use market-on-open orders to obtain an opening print since some systems might require this. MOOs match backtesting excellently when trading with these systems. Invest in yourself. See our forex education hub.


PayRetailers welcomes Standard Chartered heavyweight as new CFO

Javier Lopez joins PayRetailers as its new CFO Barcelona-based payment services provider PayRetailers strengthens its growth trajectory with a new CFO. The position will now be held by Javier Lopez, a true finance and banking veteran who has been part of the industry for more than two decades. This marks a new era for the company, as Lopez is a former Head of Finance at Standard Chartered Bank, where he was in control of the Legal, Compliance and Internal Audit programs. Juan Pablo Jutgla, Founder and CEO of PayRetailers, commented, "This event is special for the business and company strategy as Mr. Lopez has an exceptionally strong history in the finance field that started back in 1998. Before switching over to us, he has been Head of Finance at Standard Chartered Bank - one of the few systemically important banks in the world. His vast knowledge and experience in the finance and fintech sectors makes him the perfect addition to our team, and we are very proud to have him with us." Accelerating market expansion and growth PayRetailers experienced unprecedented growth of over 500% during 2020, which led to the need for the development of new business areas and to deal with more complex business decisions. With his experience in the sector, Lopez will help PayRetailers with the challenges it is facing in the light of this growth. One of the main areas will be the expansion of PayRetailers' global reach. That means, increasing the global merchant number and expansion into more verticals. With the expansion process, there come challenges related to financial and technological scalability, which Lopez can perfectly advise the company on. The next step is to increase the number of local payment partners and financial institutions in the partner portfolio and streamline the process to include them into the companies' payment services. This will help its merchants and their customers to have a seamless payment experience. Due to his excellent knowledge of the banking sector, Lopez can help PayRetailers with the management of the rising complexities in the FX arena, that comes with doing business on multiple continents with many currencies. Another area that Lopez is perfectly positioned to help PayRetailers is increasing the customer base of global merchants across different verticals. This will be key to the global expansion plan of the company. An associated challenge would be financial and technological scalability to match the expansion roadmap, along with increasing the number of local partners and financial institutions through the global growth journey. Javier Lopez has had an impressive career of 17 years at General Electric (GE) where he filled multiple positions, such as Finance Manager, Chief Financial Officer, Member of the Board and Head of Financial Planning and Analysis. Before leaving GE, he was responsible for the management of multiple businesses with $6 billion in assets. He then switched to Standard Chartered Bank as Head of Finance, where he oversaw over $1 billion in regulatory spending. Before starting at PayRetailers he worked at ID Finance as the Group CFO. At PayRetailers , his vast knowledge of the banking sector will come in very handy. He will further develop the company's strategy for strong expansion and form partnerships with institutions around the globe, mainly in LATAM and EMEA . Invest in yourself. See our forex education hub.


Heavy industries' impact in the supply chain, demand, and environment

A deep dive of the heavy industry Defining the heavy industry The heavy industry refers to businesses that require massive capital to produce types of machinery. These machinery types are usually huge, making raw materials such as steel, iron, coal, and ships. We can also encounter heavy industries in the productions of automotive, ships, and the like. They have high barriers to entry and little transportability. They also usually need large areas of land and large-scale undertakings. This industry can be linked to businesses that cause pollution and global warming because it disrupts the environment. On the other hand, heavy industries' total opposite is the light industry, where the production is possible even at a small scale. Production is possible even in places like small factories and facilities. It does not need a high cost and high barriers to entry. Heavy industries and the environment Heavy industries repeat in cycles, and they somehow benefit the economy when they invest in projects that will last for a long time. They make buildings, aerospace, and defense products. However, other projects contribute massively to the destruction of nature and the environment. These activities include mining, deforestation, and chemical productions. Understanding heavy industries Heavy industries are more prevalent in transportation, construction, and manufacturing supplies. They sell well to industrial customers while light industries, on the other hand, sell directly to consumers.  Since they produce massive amounts of raw materials and other supplies, heavy industries already became part of the supply chain to create another product. Due to this reason, they are the very first element in an economic upturn, so they will mostly, if not always, benefit from the demand increases. In economics, when we say demand, we are referring to the consumers' and customers' desire to buy specific goods and services. Let us list the most common projects that involve heavy industries: Space. It is the production of air vehicles and equipment like rockets and satellites.Shipbuilding. It is the production of floating vehicles like ships for cruise and transportation. Because of modern advancement and technology, heavy industry became very prevalent as soon as people recognized steel's potential when making ships instead of wood.Transportation. It is the manufacturing of vehicles such as busses, trains, and aircraft. In this section, we do not include cars because they belong to the lightweight industry. Why? It is because we sellers directly sell to consumers.Construction. The heavy industry creates massive commercial or government buildings and infrastructures such as plants and towers in this category. Heavy industries need massive systems to construct gigantic structures, such as skyscrapers and dams.Mining. Heavy industries involve heavy mining activities where the aim is to earn gold, mineral, precious stones, and the like.Materials. As previously mentioned, heavy industries produce raw materials such as steel, iron, coal, etc. Manufacturers and producers use these materials to create another type of product.Chemicals. We can also consider some businesses that set out huge capitals to produce chemicals as heavy industries. Energy. Businesses that need large-scale equipment to produce energy, like wind farms, are also part of heavy industries. Invest in yourself. See our forex education hub.


Market-on-close orders are used during or a little after markets close

Getting to know market-on-close orders What are market-on-close orders? A market-on-close order, also known as MOC, is a market order without limits. Traders execute these orders to the nearest possible closing price of the stock during or a little after the market's closing. If traders anticipate tomorrow's stock price movement, they will use MOCs to get the last possible price. MOCs are not available in all financial markets. Also, not all brokers can do the execution. A market-on-close order is the exact opposite of market-on-open order, which is also known as MOO. Traders use MOCs during or after the market closes, and traders use MOOs in the market's opening auction. The goal of the MOCs is the trading day's last available price, while MOO's goal is the trading day's opening price. How do market-on-close orders work? The submission of market-on-close orders is not all the same. Traders of New York Stock Exchange MOCs must submit the orders by 3:45 in the afternoon EST (Europe Time), and for traders who use Nasdaq, MOCs must submit their orders by 3:45 before the market closes at 4:00 in the afternoon EST. What will happen to traders and orders after 4:00 pm? Traders are not allowed to cancel or even amend their MOC orders past four in the afternoon EST. A scenario with market-on-close orders Joy, who is a trader, is scrolling through her social media page. She suddenly came across an article about LB Company's newest and most anticipated public offer and certain company expectations. She believes that there will be a rapid, massive price appreciation overnight because it was something that many have been waiting for, for a long time. She knew right then and there that she wants to use market-on-close orders to get the stock's closing price because of this event. After she purchases the MOC order, she is now sure that there will be an order execution before the next trading day and when the news starts to spread. She knows that it can be challenging to execute transactions, sometimes like exiting before the trading day finishes. Market-on-close orders are very convenient, mainly because traders do not just come from one country. We can find traders globally like Joy, who lives in a country that is not in the foreign exchanges; her time zone is not the same as the European Time. So, in this case, using MOC is a considerable convenience for her. The downside of market-on-close orders There are also certain negative things about market-on-close orders. The first is that traders do not have any idea about the price even after filling the order. The only time that the information becomes available is when the trader is the one that is not available. Also, the fact that the market is unpredictable will always remain constant. There will always be risks of sudden changes and fluctuations. In some rare cases, where the MOC's execution is horrible due to end-of-the-day clusters, there is high risk because of bulk pending orders that pile up in the market. Invest in yourself. See our forex education hub.


Ultimate Fintech Awards 2021: Winners announcement!

Announcing the winners of the Ultimate Fintech Awards 2021 The Ultimate Fintech Awards 2021 embodied the competitive spirit of the trading sector. Brokers have battled it out for their coveted titles and to win their place on The Ultimate Fintech Leaders List. Awards in the finance sector are significant because they help to: Instil Trust in Traders Recognise special skills or localised offeringsImprove employee morale Increase trader acquisition Elevate your company profile For almost a decade, the Ultimate Fintech team has been connecting trading and fintech professionals. Now, customers, partners and traders have decided the best brokers of 2021 through a public voting system. Awards fell into various categories of Global Awards, Regional Awards and Country Awards. As the name suggests, global awards determine the winners on a global scale, while regional and country awards go into more specific categories. And The Winners Are... Competition was fierce for this year's awards. You shared, voted and battled it out to narrow down a winner in each category. The votes have been counted and verified by our independent panel and we can now announce the winners! Best Affiliate Programme - eToro Best Asset Offering Range & Execution Venue - Exclusive Capital Best Broker Indonesia - PlusMarkets Best Broker Kenya - Scope Markets Best Broker Nigeria - CMTrading Best Broker UK - FxPro Best Broker Vietnam - Scope Markets Best Broker Africa - MultiBank Group Best Broker Asia - Scope Markets Best Broker LATAM - MultiBank Group Best Broker MENA - MultiBank Group Best CFDs Broker - FGrow Best Commissions Broker - TradersLive Best Copy Trading Platform - eToro Best Cryptocurrency Broker - StormGain Best Customer Service - FXCM Best Customer Support   Germany - EuropeFX Best Customer Support   Malaysia - PlusMarkets Best Emerging Broker - TradersLive Best Global Broker - MultiBank Group Best Multi-Asset Trading Platform - eToro Best Stockbroker - eToro Best Trade Execution - Alchemy Prime Best Trading Experience - XM Best Trading Platform - FXCM Best White Label Solution - Exclusive Markets Broker of the Year - FXCM Fastest Growing Broker - Errante Most Transparent Broker - FxPro Most Transparent Broker   Asia - Axiory Most Transparent Broker   Europe - PlusMarkets Most Trusted Broker - FxPro Most Trusted Broker   Africa - Scope Markets Most Trusted Broker   Asia - Infinox Most Trusted Broker   Europe - Libertex Most Trusted Broker   Germany - EuropeFX Most Trusted Broker   Japan - PlusMarkets Most Trusted Broker   Middle East - Equiti Most Trusted Broker   UK  - Tradeo Congratulations! The Ultimate Fintech team would like to congratulate all the winners. And to those who made it to the finals - huge congratulations too!Did you win an award?Use #UltimateFintechAwardWinner to share your victory with the world! Did your broker win an award? Click here to find out. Invest in yourself. See our forex education hub.

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