Inflation rates are rising higher and higher.. what does that mean for us traders.

　　At this point its no secrete, the United States economy, one of the largest, in the world is experiencing record breaking levels of inflation. The effects of this inflation has been felt across the globe as markets and stocks has been what seems to be a downfall. The question is how did we get here and what does that mean for us traders.

　　Due to the recent pandemic, there was a lot of money pumped into the US economy into businesses to encourage economic activity when everyone was locked up. This included funding packages for normal citizens who had lost their job due to the restrictions. This was all good and well but the chicken has come to roost as too much money with not enough resources causes inflation. This included the recent rise in oil prices thanks to the Ukraine and Russia war. The prices of everything dependent on the chain supply of oil has had to rise due to this and has caused quite the panic.

　　But as history has shown many times, when there is a crash in the markets and when assets and commodities are cheap it is the right time to start buying in hopes for the next rise. And that is what we should be looking for in the market, indications that the economy is starting to stabilize and things are about to rise in orders of magnitude.

　　Firstly due to the uncertain nature of this market you are going to need a broker with the cheapest barriers of entry. You may have to enter the market more than once to find that buy entry and to really benefit from this you will have to hold your position for days and months on end. So you will have to find a broker with small spreads and no overnight or over weekend charges. Also because brokers probably don‘t want you winning in the market, you are going to have to find a regulated broker who won’t mess with your trade or deny you your winnings when its time to cash out. To find such a broker I recommend you use WikiFx. This app helps you find the best regulated brokers with the best ratings and service. And if any misconduct is found on behalf of these brokers, you can report it through WikiFx as they are connected to every regulatory agency out there.

　　Secondly you are going to have to watch the US government closely. The government has to start releasing policies such to reduce the amount of money within the economy. They can increase income and sales taxes to reduce the amount of cash present within the economy. They can also restrict money flow by instructing banks to increase the levels of money stored in their banks at any moment,. This means that instead of the usual, say 30% of all funds a bank should always have on site they can increase that to say 45%, heavily discouraging banks to give out loans and give out loans at higher interest rates. This will discourage people from taking out loans and ultimately it will discourage spending within the economy .

　　It is paramount that you start watching important economic news from the US and pose yourself in a position to pounce on the opportunity when it arises. Markets dont fall forever, so do not join in on the panic. Arm yourself and prepare for the incoming bull market.

https://www.wikifx.com/en/news....detail/2022070121946

WikiFX Review: Is MTFE worthy to invest in?

About MTFE

　　MTFE is an online forex broker offering various financial products, including Forex, Commodities, Indice, Stocks, etc. It provides corresponding financial services to professional and institutional clients. The physical address for this broker is 150-10451 SHELLBRIDGE WAY, RICHMOND BC V6X 2W8, Canada.

　　Trading Platform

　　According to WikiFX, this broker uses the non-MT4/5 platform as its main trading platform. A broker that uses neither MT4 nor MT5 is likely to manipulate your trading process. If you are about to invest in this broker, please be aware of this point.

　　Account Types & Minimum Deposit

　　On its website, there is no information about its account types and minimum deposit. As long as we dont have enough information, we can not consider HD Markets as a trustworthy broker.

　　What is WikiFX？

WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry.WikiFX is able to evaluate the safety and reliability of more than 36,000 global forex brokers.WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en)


　　Regulatory Status

　　What is a Legitimate License？

• 　　The legitimate license is the business license issued by the financial regulatory institution of each country/region.

• 　　Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under the protection to some extent.

• 　　Whether a forex brokerage firm holds a legitimate license or not is one of the important factors to evaluate the reliability of forex brokers.

• 　　The content of the regulation and the difficulty of obtaining a license vary with the country and agency issuing the license.

　　The legitimate license of MTFE

　　On its website, MTFE claimed to be regulated by the Canadian FINTRAC - Money services business. Authorized Regulatory Authority (No.: M2207657. However, according to WikiFX‘s investigation, MTFE is not a regulated broker, it doesn’t hold a regulatory license, which means that your money is very likely to be out of your control if something goes wrong. Thus WikiFX has given this broker a low rating of 1.09/10.

　　Is MTFE dependable to invest in

　　As an unregulated brokerage firm, MTFE may blow your account and take your money away without your permission. It is difficult for you to hold them accountable for your loss of money. The lack of significant information makes this broker more questionable.

　　Conclusion

　　All in all, when you look for a broker to conduct your trading activities with, the thing you need to do is to identify the brokers certification. Unfortunately, MTFE is a broker that lacks such information. WikiFX does not advise traders to invest in MTFE. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.

https://www.wikifx.com/en/news....detail/2022070180042

GENERAL RANKINGS – THE HIGHEST RATED BROKERS ON JUNE 2022 BY WIKIFX

　　WikiFX Score is comprehensively evaluated by WikiFX based on a variety of factors including the licensed index, the level of business comprehensiveness, the risk control index, the management index, and software parameters. So based on those factors, what are the brokers with the highest ratings this June？

　　WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

The Scoring Criteria of Brokers on WikiFXLicense index: reliability and value of licensesRegulatory index: license regulatory strengthBusiness index: enterprise stability and operational capabilitySoftware index: trading platform, instruments, etcRisk Management index: the degree of asset security

　　TMGM

　　TMGM is currently rated at 8.71/10, ranking 5th in the ranking of the highest scoring brokers in June. TMGM's software spec score is almost absolute: 9.99 points. This software parameter is checked by WikiFX data engineer according to the move and technical evaluation of more than 20 indicators such as genuineness, software security, stability, command execution speed,... Specifically, the average transaction speed of TMGM is 440.5 milliseconds, which is rated “Good”. The average slippage is 0.2, which is rated “Very good”. The software disconnection time is 0.4 times per day, rated “Perfect”...

　　XM

　　Ranked 4th in the top of the highest-rated brokers in June is XM. The rating of the XM is quite uniform, in which the licensed index is quite noticeable with 9.06 points. This is understandable only that XM is currently managed by the most prestigious institutions such as Belize's International Financial Services Commission (Regulation No. 000261/106), Cyprus Securities and Exchange Commission (Regulation No. 120/1, Seychelles Financial Services Authority (Regulation No. D01, The Australian Securities and Investments Commission (Regulation No. 44367 and the Dubai Financial Services Authority (Regulation F003484). Currently, XM also appears in the top 5 of the rankings on WikiFX. XM is offering free VPS plan support on the WikiFX app. You can download the WikiFX APP to explore more.

　　Rakuten Securities

　　Rakuten Securities is one of Japan's largest forex brokers and is currently ranked 3rd. WikiFX gives Rakuten Securities a rating of 9.00/10. However, in the last 3 months, WikiFX has received 6 complaints about Rakuten Securities and the complaints are all from China. This caused this broker's rating to drop slightly but still gained a high position on the ranking.

　　IC Markets

　　IC Markets has been given a rating of 8.89/10. It is no surprise that IC Markets is highly regarded for its level of credibility. IC Market also provides customers with the best trading conditions, constantly innovating technology, providing the lowest possible spreads, fast order execution speed, and the best customer service... It is also the broker that ranked 2nd.

　　FXCM

　　The broker with the highest June rating on the WikiFX app is FXCM. FXCM is currently fully licensed by the Australian Securities and Investments Commission (ASIC) and is fully licensed by the Financial Conduct Authority (FCA) in the United Kingdom. FXCM is currently regulated by tire ones two global regulatory bodies - the Australian Securities and Investments Commission and the UK Financial Conduct Authority.

　　This broker's average rating is 9.32 of which all indicators have a score of 9 or higher: license index 9.16 points, trading 9.05 points, risk control 9.91 points, management 9.13 points, software parameters 9.75 points.

　　(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)


https://www.wikifx.com/en/news....detail/2022070154543

For Beginners: Things You Should Know About Forex

Abstract：With hundreds of currencies in circulation around the world, the foreign exchange market, the world's largest and most liquid financial market, has a daily trading volume of US$5.3 trillion, 30 times that of the U.S. New York Stock Exchange. What is Forex trading? Simply put, forex trading is about opening a trading position, be it bullish or bearish on the exchange rate between two currencies.

　　As opposed to the centralized exchange model used for stocks, Forex is run as a decentralized over-the-counter (OTC) transaction, operating 24 hours a day, five days a week, with four major markets, namely Sydney, Tokyo, London, and New York.

　　The currency code usually has three letters, and the exchange rate is a pair of two currencies, such as “EUR/USD” which is the Eurodollar to the U.S. dollar. The former is the base currency and the latter is the counter currency. When the pair is traded, the base currency is used as the standard, e.g. how much USD can be exchanged for one Eurodollar.

　　With so many online Forex brokers offering their FX services, the cost of trading is often the primary consideration for retail investors. Investors can determine the cost of trading through spreads.

　　What is spread？

　　The “pip” in “spread” refers to the unit of currency movement in the foreign exchange market quotes. In order to accurately represent the exchange rate, almost all currency pairs are quoted in five digits. A pip is equal to 0.0001, and a pip is used as a unit for buying and selling.

　　As its name implies, the “spread” is the “difference in points”, that is, the difference between the bid price of the buyer and the ask price of the seller.

　　Spreads fluctuate with the market and are influenced by factors such as currency liquidity, transaction amount, market direction, and investment strategy, with currency liquidity having the greatest impact. Generally speaking, the higher the currency liquidity, the smaller the spread. From a traders perspective, the lower the spread the better because that is equivalent to a smaller loss and a bigger profit.

　Below is the link to read the complete article:

https://www.wikifx.com/en/news....detail/2022070172947

WikiFX Review: Is Dollars Markets a trustworthy broker or just another scam?

Dollar Markets is an online forex broker offering a wide range of market instruments to its clients. However, recently the WikiFX score of this broker has been reduced due to many complaints. Is this broker trustworthy? WikiFX analyzes this broker from specific information, regulation, exposure, etc to help you better understand the reliability of this broker. Let’s get into it.

　　About Dollars Markets

　　Dollar Markets is a St. Vincent and the Grenadines registered online Forex and CFD broker. It is owned and operated within the Dollars Markets Group of companies.The physical address for this broker is Suite 305, Grifth Corporate Center P.O. Box 1510, Beachmont, Kingstown St. Vincent and the Grenadines

　　Market Instruments

　　Investors can trade Forex currency pairs, commodities, indices, and cryptocurrencies on the Dollar Markets platform.

　　Trading Platforms

　　Dollar Markets offers MT4 and MT5 as its main trading platforms.

　　Account Types & Minimum Deposit

　　This broker offers clients two different types of accounts. They are the Standard account and PRO account. The minimum deposit for the Standard account is $15, while the minimum deposit for the PRO account is $50.

　　Spreads & Commissions

　　Dollar Markets' official website only shows the spreads for some cryptocurrencies, such as Bitcoin USD with a minimum spread of -17.53 pips, Ether USD with a minimum spread of -673.972 pips, and Litecoin USD with a minimum spread of -6.39 pips. Additionally, the spreads for other financial instruments are not provided.

　　Leverage

　　The maximum leverage level offered by Dollar Markets reaches up to 1:1000. Since leverage can amplify both profits as well as losses, inexperienced traders and newbies, are not advised to use high trading leverage.

　　Deposits and Withdrawals

　　What is WikiFX？

WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry.WikiFX is able to evaluate the safety and reliability of more than 36,000 global forex brokers.WikiFX gives you a huge advantage while seeking the best forex brokers.

Read the Complete article below:

https://www.wikifx.com/en/news....detail/2022063073046