AvaTrade, an internationally-regulated Forex broker, has announced its partnership with FutexLive, an interactive online trader knowledge portal whose goal is to help traders learn how to trade profitably. FutexLive offers Forex learning at a quick speed to help traders develop an edge in their trading as soon as possible.
FutexLive also offers live daily market analysis and educational classes that provide traders with an in-depth understanding of market movements, how to read technical charts and other topics that are critical for anyone who wants to become a long-term trader.
AvaTrade was launched in 2006 and has become one of the leading Forex brokers worldwide, with regulation in the European Union, Japan, Australia, South Africa and the British Virgin Islands. The brokerage offers currency and commodity trading, CFD trading and spread betting opportunities. To learn more, read our full AvaTrade review.
eToro, 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.
Kawase, a Forex broker that is based and regulated in Cyprus, is happy to announce the appointment of a new CEO, Alex Katsaros. With a BA in accounting and an MBA in finance, Mr. Katsaros bring with him both proper educational training and on-the-job experience that will should help him propel Kawase forward as a leading Forex brokerage.
Prior to joining Kawase Mr. Katsaros was the Head of Product Development for cTrader, the trading platform that is currently used by Kawase and many other Forex brokerages. Mr. Katsaros began his career as a professional trader and maintains numerous licenses and professional certifications including a CySEC advanced license and CISI’s Investment Management certificate.
About his recent appointment, Mr. Katsoras said: “I am very honoured and excited to expand our services and introduce Kawase’s ethos, transparency and great service to more clients around the globe. My vision is for Kawase to be the leading cTrader broker by leveraging our deep understanding of the platform. Our efforts will be focused around our core values: fairness, transparency, innovative technology and high quality support.”
The appointment coincided with the company’s recent rebranding and redesign efforts which have created a sharper, more intuitive website. The company’s efforts to provide top-notch technical solutions with an easy-to-follow website and top notch customer support make it a brand that is worth trying. To learn more about Kawase and its offerings, read our full Kawase review.
Global Forex broker FXCM announced on September 13, 2016 that it is transferring its stock trading from the New York Stock Exchange (NYSE) to the Nasdaq Global Market. The company’s final day of trading on the NYSE will be on Friday, September 23, 2016. Trading will commence on Monday, September 26, 2016 on the NASDAQ. The company’s trading symbol will remain FXCM.
In its press release about the change, there was no reason given. The company’s CEO did note that “At this time we feel moving our shares to NASDAQ is the right decision for our business. We recognize all that the New York Stock Exchange has done for us over the last few years, and we look forward to our shares trading on Nasdaq.”
FXCM’s stock has been the subject of much scrutiny since dropping close to 90 percent after the Swiss National Bank unlinked its currency in January 2015. By September 2015, the company’s stock had plummeted to under $1 per share, and the company faced ejection by the NYSE because its price breached the exchange’s standards. The company’s stock price eventually bounced back to nearly $25 before settling in at lower levels. At the close of the NYSE yesterday FXCM stock was trading at $9.25 per share.
NYSE vs. NASDAQ
The primary difference between the NYSE and NASDAQ exchanges is the way the transactions take place. The NYSE is an auction market through which individual traders buy and sell between one another and an auction occurs to match the highest bidding price with the lowest asking price. The Nasdaq, on the other hand, is a dealer’s market in which traders aren’t trading with each other, but through a dealer or market maker.
The price for getting listed on the Nasdaq is only $50,000 to $70,000, while a listing on the NYSE can be up to $500,000. For this reason, Nasdaq stocks are generally thought to be more tech-oriented and to have higher volatility and potential for growth, whereas NYSE stocks tend to be more stable and established companies.
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