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2021-03-03 08:57:40 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 03.03.2021

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

Over the next few days, all three cryptocurrency pairs, covered in the article, should be developing impulse waves. Let us examine the market situation for each pair in more detail.



Elliott wave Bitcoin analysis



There is forming a downward double zigzag [W]-[X]-[Y]. The first sub-wave [W] of this corrective pattern is also a bearish double zigzag (W)-(X)-(Y). The linking upward wave [X], currently unfolding, is likely to complete as a simple zigzag... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/Q7aH Open / Comment

2021-03-02 17:47:14 Today Michael tells us about such important things for each trader! What do you prefer to add to this list?

More useful articles: http://my.liteforex.com/ Open / Comment

2021-03-02 15:46:03 Central banks reached an impasse. Forecast as of 02.03.2021

The rapid recovery of the US economy allows the Fed to ease up a bit. Alas, other countries' economies are not recovering so quickly, which forces their central banks to resist the rise in bond yields. How does this affect USDJPY and EURJPY? Let us discuss the Forex outlook and make up a trading plan.

Monthly Japanese Yen fundamental forecast

Central banks are usually happy to follow the Fed's lead. This was the case in 2015-2017 when the US central bank raised the federal funds rate, and other central banks were pleased with the weakening of national currencies against the US dollar. This... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QePJ Open / Comment

2021-03-02 15:43:36 Starting out in the forex market is definitely an exciting experience but you must be very careful not to make these dangerous mistakes that most beginners make.
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Undercapitalization
Insufficient initial capital is the first mistake by beginners, and it usually ends up killing them.
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Your trading capital is lost even before you have the time to properly learn to trade.
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This is what usually happens to new traders:
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They don’t have sufficient trading knowledge and experience.
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They are not familiar with risk management principles.
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They underestimate the risks involved in their setups, which leads to impulsive and often expensive execution.
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Another habit is among trading newbies is using tight stops on small lots and even smaller trading accounts.
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Using small trading lots is not a death knell for newbies’ accounts but using small and tight stops might be.
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By using short and tight stops, you increase your chances that the stops will be triggered more frequently and your total loss will consist of many small losses.
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Your trading account should be as large as possible in order to correspond with market conditions and provide the necessary flexibility in making trade decisions.
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Like any business, you have to make sure you adequately funded. Don’t try to lower risk by only depositing a portion of your available trading capital.
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Overtrading
Overtrading is when you (hoping to receive the maximum possible profit) open a huge position consisting of multiple lots. Considering the typical market activity, it’s easy to lose half or even all your trading capital with this.
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This problem is sometimes directly connected to insufficient trading capital.
But it’s more likely due to the trader lacking knowledge of money management principles, which means lack of competence to control their trading capital properly.
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Your trading capital is used to earn money.
Your first and foremost responsibility is to protect it. If you lose it, you have less to help you earn money.
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Have you ever made any of these mistakes? Please share your experience in the comments below Open / Comment

2021-03-02 15:43:35 Open / Comment

2021-03-02 11:06:20 Short-term analysis for oil, gold, and EURUSD for 02.03.2021

I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

The trading recommendation for selling oil in Additional Zone [62.48 - 62.36] yielded profits, even greater than expected.



Oil price forecast for today: USCrude analysis

The trading recommendation for selling oil in Additional Zone [62.48 - 62.36] yielded profits, even greater than expected. The Friday low has been updated. The Intermediary Zone [61.44 - 61.22] was broken out with further consolidation at... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QkgZ Open / Comment

2021-03-02 10:18:25 Euro believes ECB's words. Forecast as of 02.03.2021

When the market doubts the Fed’s willingness to remain passive for a long time and believes the ECB should hold back the euro-area bond yield growth, the euro can’t but fall. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly euro fundamental forecast

Do not believe your eyes, believe your ears. Perhaps the European Central Bank chose not the best time to announce its intentions to counter the euro-area bond yield growth, but investors believed the words. Investors ignored a slowdown in the ECB assets purchases volume within the quantitative easing program and started to... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QkfZ Open / Comment

2021-03-02 09:18:55 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 02.03.2021

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

The Ripple price chart is forming the final leg of the bearish impulse. Bitcoin and Ethereum continue forming the linking waves in the double zigzags.



Elliott wave Bitcoin analysis



The BTCUSD market finished a large upward impulse wave, which is composed of the sub-waves [1]-[2]-[3]-[4]-[5]. Next, the market has started declining, forming a bearish double zigzag. The first sub-wave of this zigzag, wave [W], has completed. Wave [W] is also a double... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QkYA Open / Comment

2021-03-01 17:18:51 Nigeria Dream Car Draw Final

Dear clients,

We are glad to announce the time of the final raffle of Nigeria Dream Car Draw - an incredible contest for clients from Nigeria with HYUNDAI TUCSON as the grand prize. It will be held on March 6, 2021, at 19 pm (Nigeria Time) on the official LiteForex YouTube channel. Everyone, not just the holders of lucky tickets, will be able to watch the video stream of the draw.

We wish all luck to those participating in the final draw! Don't miss the stream!

Best regards,

LiteForex Read more here: http://amp.gs/QfWC Open / Comment

2021-03-01 14:08:35 Commodity currencies came down to earth. Forecast for AUDUSD, NZDUSD and USDCAD as of 01.03.2021

The most serious market movements occur when euphoria is replaced by panic. The collapse of AUDUSD, NZDUSD, and USDCAD confirms this. What will happen to commodity currencies? Let us discuss the Forex outlook and make up a trading plan.

Quarterly commodity currencies fundamental forecast

What happened in Forex at the end of winter is another example of a sharp change in market trends. Investors have enjoyed the success they have achieved, seriously hoping that massive monetary stimulus and inflation will trigger a new supercycle in the commodity market. Speculative net longs of 20 commodities have been updating all-time highs for five consecutive weeks, and... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/QfB0 Open / Comment