Category Archives: Financial News

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eToro Launches CopyFunding to Merge Thematic Investing with Social Trading

EtoroeToro, an innovative and socially-conscious Forex brokerage announced last week its latest offering, the CopyFunding platform.  Unveiled on November 8 at the 2016 Web Summit in Lisbon, CopyFunding allows traders to focus their trades on specific sectors or to follow successful social traders who are have used the eToro social trading platform to trade profitably over extended periods of time.  This type of thematic investing has become popular worldwide, and is often used by stock and currency traders to keep their focus on trading assets that they think have the best potential for growth.

A New Twist on eToro Social Trading

One example of a market-based CopyFunding opportunity would be to follow the “InTheGame” CopyFund, which is comprised of holdings of top assets in the gaming sector, such as CFD stocks of EA, Activision, Sony and more.  Traders looking to follow other traders, rather than specific sectors of their own choosing, can opt for “Top Trader CopyFunds,” which are comprised of the best traders on eToro.  To identify these top traders, eToro’s algorithm searches over 5 million of the company’s traders, determines which of those traders will be the most likely to be profitable in the next quarter, and creates eToro CopyFunds from these top traders based on different parameters, such as the risk-reward ratio.  Traders can then choose which Top Trader CopyFund to follow based on which best suits their personal trading style.

To celebrate the launch of this exciting new product, eToro is currently offering 0% management fees for traders using CopyFunding.  A minimum of $5000 is required to begin using CopyFunding.

Learn more about eToro in our comprehensive eToro review, and decide if this is the right investment product for your specific needs.

DailyForex App Adds Push Notifications for Price Alerts

The Company’s Android and iOS Apps Keep Traders Updated Around the Clock

FORT LAUDERDALE, Fla.Nov. 15, 2016PRLog — DailyForex, a company that provides currency traders with updates and analysis about the currency markets, has announced today the update of its Android and iOS DailyForex mobile application to include instant push notifications that will alert traders every time certain price triggers are hit.

DailyForex’s new alerts service sends immediate, easy-to-follow push notifications to all users when significant price events happen to the major currency pairs. The company’s trading team discovered that most typical, generic offerings are mainly indicator or news-based, and therefore they tend to simply generate noise rather than provide a real value to Forex traders. To solve this problem, the company’s talented technical team worked diligently with its daily traders to create a notification system that would be based upon real-time market triggers.

“Traders tend to find better success when they focus on the price and not lagging indicators,” said Adam Lemon, chief analyst at DailyForex. “I know that these notifications will help thousands of users, and I hope we can expand this feature soon to make it even more useful.”

The result was a push notification system based solely upon significant, relative price events which have been used for centuries as basic building blocks by professional traders to good effect. Each push notification has a direct headline that tells traders of the market action, which opens into a more detailed message explaining the significance of the price event.

About DailyForex

DailyForex was established out of a strong need for a Forex website that provides all the information necessary to become a successful Forex trader. DailyForex.com provides in-depth reviews of Forex brokers, signal providers, online and offline Forex courses, as well as Forex products. Our goal is to provide both new and experienced Forex traders with a set of clear and easy-to-use tools that will enable them to make educated decisions when choosing any type of Forex-related service.

http://www.dailyforex.com

FxPro Reverses Course, Raises Leverage Ahead of Brexit Vote

Bucking the trend put into place by most Forex brokers to raise the margin requirements on all trades in response to the upcoming Brexit referendum, FXPro has just informed its clients that they can trade this week at near-normal margin and leverage conditions. Continue reading

Forex Brokers Introduce Higher Margin Requirements Pending Brexit Volatility

Retail Forex brokers continue to line up ways to protect themselves against market volatility before the June 23rd Brexit referendum. Increasing the required client margin is one of the easiest “temporary changes” to introduce and that is what many Forex providers are doing just that. Continue reading

FXCM Bounces Back over 70% to $19 on NYSE

By: DailyForex.com

FXCM, long considered one of the strongest and most reputable Forex brokers worldwide struggled notably in 2015 on the heels of the Swiss National Bank catastrophe. Among other dramatic turns the brokerage was forced to take out a loan and to sell off some of its assets. Then, in September, FXCM was notified by the New York Stock that it was not in compliance with the continued listing standards set forth in Section 802.01C of the Listed Company Manual of the New York Stock Exchange because its price had fallen below $1 per share for a period of over 30 consecutive trading days. At that time we’d speculated that anyone with confidence in the industry and in this leading company could turn a nice profit by investing in its undervalued stock.

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At the same time FXCM confirmed its confidence in the company and presumed that it would turn things around – and it seems that this confidence was not purely smoke and mirrors. FXCM has come through for its clients and anyone who invested in the stock over the last few months and held their positions has likely seen massive profits – at the close of trading yesterday FXCM shares were valued at over $19. On a day where the Dow Jones Industrial Average lost 367 points, this is an even more notable victory. The price is more than trip the $5.20 that the stock was priced at only last month.

The turnaround in stock price is significant for FXCM, as it demonstrates confidence in the brand not only by its own traders but by other financial investors who are looking to invest in solid growth. We look forward to seeing what company brings forth in 2016 – and we’re expecting greatness.