Benefits of Forex Trading

Most investors in the modern market choose Forex trading to join the global financial world and start trading. It is also known by the initials FX, which stands for Foreign Exchange. This rapidly developing currency market is considered the most suitable for beginners in the trading world. Popular banks such as JP Morgan and UBS, as well as various financial institutions and Forex brokers, are the economic entities through which it's possible to buy and sell currency values such as US Dollars, Euros, etc.

The Foreign Exchange market allows trading of any type of securities in various currencies depending on... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/what-is-forex/forex-trading-benefits/?utm_source=telegram&utm_medium=social&utm_campaign=post

Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 08.11.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.



Major Takeaways


BTCUSD: The price has likely started rising within a bullish impulse. Consider long positions from the current level with Take Profit at 86,373.27.
XRPUSD: The price is growing within correction (B). Consider long positions with Take Profit at 0.591.
ETHUSD: The final part of the ascending wave X is expected to develop. Consider buying from the current level with Take Profit at 3,062.31.


Elliott Wave Analysis for Bitcoin



BTCUSD may have formed correction [4] as a triple zigzag (W)-(X)-(Y). A new bullish wave... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-08112024/?utm_source=telegram&utm_medium=social&utm_campaign=post

Volume Weighted Average Price (VWAP)

The Volume-Weighted Average Price (VWAP) indicator is a great alternative to standard moving averages. Although moving averages are popular and widely available, forming the basis of many trading platforms and indicators such as Bollinger Bands, they have certain limitations. Moving averages calculate an average price based on time frames but do not take into account trading volumes, which can reduce accuracy.

The need to improve the accuracy of the analysis has led to the development of alternatives such as exponential and weighted averages (LWMA, WMA). This article reviews the VWAP definition, its pros and cons, and its practical application.



Major... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/best-technical-indicators/vwap-indicator-what-is-vwap-in-trading-and-how-to-use-it/?utm_source=telegram&utm_medium=social&utm_campaign=post

Short-term Analysis for Oil, Gold, and EURUSD for 08.11.2024

I welcome my fellow traders! I have made a price forecast for the USCrude, 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.

Yesterday, the euro corrected within a short-term downtrend.



Highlights and key points



USCrude: oil is trying to reverse its short-term downtrend.


XAUUSD: gold is declining after hitting the resistance (A) 2706 - 2700 with the first target of 2674.


EURUSD: the euro has failed to pierce the resistance (A) 1.0805 - 1.0794 within a short-term downtrend.



Oil price forecast for today:... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-08112024/?utm_source=telegram&utm_medium=social&utm_campaign=post

Trump Policies to Turn Against Strong US Dollar. Forecast as of 08.11.2024

The retreat of the Trump trade allowed EURUSD bulls to recover. The Republican has not yet taken office as US President. Furthermore, there is often a discrepancy between words and actions. Let's discuss these topics and make a trading plan.



Major Takeaways


Investors doubt Trump will fulfill his promises.
The Fed leaves the door open for a rate cut in December.
Markets are challenging the central bank.
The EURUSD pair may drop to 1.05.


Monthly US Dollar Fundamental Forecast

Donald Trump does not like to remain silent. During his first tenure as President of the United States, he was called... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/trump-policies-to-turn-against-strong-us-dollar-forecast-as-of-08112024/?utm_source=telegram&utm_medium=social&utm_campaign=post

Cardano (ADA) Price Prediction for 2024, 2025–2030 and Beyond

Cardano (ADA) has kept investor interest alive for several years, thanks to its regular innovations that enhance the network's operations. A significant milestone in the blockchain platform's development in 2024 was the Chang upgrade, aimed at bolstering decentralization and refining its governance structure. Such changes positively impact market sentiment as they give the platform additional benefits and allow the community to be more involved in project management. However, overall market trends remain uncertain, making short-term forecasting challenging.

Like many cryptocurrencies, Cardano constantly faces challenges related to the regulatory environment and competition in the blockchain market. Moreover, the coin's success depends... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/ada-price-prediction/?utm_source=telegram&utm_medium=social&utm_campaign=post

Zoom (ZM) Price Prediction for 2024 and Beyond

The Zoom stock is a popular financial instrument among investors and traders due to its high volatility and liquidity. The company is listed on the Nasdaq stock exchange, a major stock trading venue in the US. Recently, the company's stock has exhibited robust growth, followed by an equally rapid decline.

The ZM stock saw a surge in popularity in 2020, but investor interest has since waned. The stock is demonstrating growth in 2024, with an increase of approximately 23% in price between August and October. This article provides an analysis of the anticipated performance of ZM in the coming year... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/zoom-stock-price-prediction/?utm_source=telegram&utm_medium=social&utm_campaign=post

USDСAD: Elliott Wave Analysis and Forecast for 08.11.24 – 15.11.24

Major Takeaways


Main scenario: Once the correction ends, consider long positions above the level of 1.3624 with a target of 1.4100 – 1.4300. A buy signal: the price holds above 1.3624. Stop Loss: below 1.3600, Take Profit: 1.4100 – 1.4300.
Alternative scenario: Breakout and consolidation below the level of 1.3624 will allow the pair to continue declining to the levels of 1.3418 – 1.3205. A sell signal: the level of 1.3624 is broken to the downside. Stop Loss: above 1.3650, Take Profit: 1.3418 – 1.3205.


Main Scenario

Consider long positions above the level of 1.3624 with a target of 1.4100... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdsad-elliott-wave-analysis-and-forecast-for-081124-151124/?utm_source=telegram&utm_medium=social&utm_campaign=post

USDCHF: Elliott Wave Analysis and Forecast for 08.11.24 – 15.11.24

Major Takeaways


Main scenario: Consider short positions from corrections below the level of 0.8907 with a target of 0.8200 – 0.8000. A sell signal: the price holds below 0.8907. Stop Loss: above 0.8950, Take Profit: 0.8200 – 0.8000.
Alternative scenario: Breakout and consolidation above the level of 0.8907 will allow the pair to continue rising to the levels of 0.9044 – 0.9222. A buy signal: once the level of 0.8907 is broken to the upside. Stop Loss: below 0.8870, Take Profit: 0.9044 – 0.9222.


Main Scenario

Consider short positions from corrections below the level of 0.8907 with a target of... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdchf-elliott-wave-analysis-and-forecast-for-081124-151124/?utm_source=telegram&utm_medium=social&utm_campaign=post

EURUSD: Elliott Wave Analysis and Forecast for 08.11.24 – 15.11.24

Major Takeaways


Main scenario: Consider short positions from corrections below the level of 1.0946 with a target of 1.0605 – 1.0400. A sell signal: the price holds below 1.0946. Stop Loss: above 1.0980, Take Profit: 1.0605 – 1.0400.
Alternative scenario: Breakout and consolidation above the level of 1.0946 will allow the pair to continue rising to the levels of 1.1043 – 1.1210. A buy signal: the level of 1.0946 is broken to the upside. Stop Loss: below 1.0990, Take Profit: 1.1043 – 1.1210.


Main Scenario

Consider short positions from corrections below the level of 1.0946 with a target of 1.0605... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/eurusd-elliott-wave-analysis-and-forecast-for-081124-151124/?utm_source=telegram&utm_medium=social&utm_campaign=post

GBPUSD: Elliott Wave Analysis and Forecast for 08.11.24 – 15.11.24

Major Takeaways


Main scenario: Consider short positions from corrections below the level of 1.3113 with a target of 1.2240 – 1.1900. A sell signal: the price holds below 1.3113. Stop Loss: above 1.3150, Take Profit: 1.2240 – 1.1900.
Alternative scenario: Breakout and consolidation above the level of 1.3113 will allow the pair to continue rising to the levels of 1.3440 – 1.3800. A buy signal: the level of 1.3113 is broken to the upside. Stop Loss: below 1.3080, Take Profit: 1.3440 – 1.3800.


Main Scenario

Consider short positions from corrections below the level of 1.3113 with a target of 1.2240... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/gbpusd-elliott-wave-analysis-and-forecast-for-081124-151124/?utm_source=telegram&utm_medium=social&utm_campaign=post

USDJPY: Elliott Wave Analysis and Forecast for 08.11.24 – 15.11.24

Major Takeaways


Main scenario: Consider short positions from corrections below the level of 154.81 with a target of 138.08 – 131.25. A sell signal: the price holds below 154.81. Stop Loss: above 155.20, Take Profit: 138.08 – 131.25.
Alternative scenario: Breakout and consolidation above the level of 154.81 will allow the pair to continue rising to the levels of 156.74 – 161.70. A buy signal: the level of 154.81 is broken to the upside. Stop Loss: below 154.50, Take Profit: 156.74 – 161.70.


Main Scenario

Consider short positions from corrections below the level of 154.81 with a target of 138.08... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/usdjpy-elliott-wave-analysis-and-forecast-for-081124-151124/?utm_source=telegram&utm_medium=social&utm_campaign=post

Can the Aussie Balance Between Two Opposing Sides? Forecast as of 08.11.2024

Australia is between a rock and a hard place: the US is its most important military partner, while China remains the largest consumer market. A trading war between the two will not benefit the AUDUSD. Let’s discuss it and make a trading plan.



Major Takeaways 


Trump's trade retreat provides a boost to the Australian dollar.
A potential trade war may be less severe than anticipated.
Divergence in monetary policy supports the Australian dollar.
If AUD/USD falls below 0.662, it signals a selling opportunity.


Weekly Fundamental Forecast for Australian Dollar

“Buy the rumor, sell the fact.” This age-old principle has poured... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/can-the-aussie-balance-between-two-opposing-sides-forecast-as-of-08112024/?utm_source=telegram&utm_medium=social&utm_campaign=post

WTI Crude Oil: Elliott Wave Analysis and Forecast for 08.11.24 – 15.11.24

Major Takeaways


Main scenario: Consider short positions from corrections below the level of 77.75 with a target of 61.50 – 53.60. A sell signal: the price holds below 77.75. Stop Loss: above 78.20, Take Profit: 61.50 – 53.60.
Alternative scenario: Breakout and consolidation above the level of 77.75 will allow the asset to continue rising to the levels of 83.75 – 87.17. A buy signal: the level of 77.75 is broken to the upside. Stop Loss: below 77.40, Take Profit: 83.75 – 87.17.


Main Scenario

Consider short positions from corrections below the level of 77.75 with a target of 61.50... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/wti-crude-oil-elliott-wave-analysis-and-forecast-for-081124-151124/?utm_source=telegram&utm_medium=social&utm_campaign=post

XAUUSD: Elliott Wave Analysis and Forecast for 08.11.24 – 15.11.24

Major Takeaways


Main scenario: Consider short positions from corrections below the level of 2792.90 with a target of 2560.52 – 2418.82. A sell signal: the price holds below 2792.90. Stop Loss: above 2800.00, Take Profit: 2560.52 – 2418.82.
Alternative scenario: Breakout and consolidation above the level of 2792.90 will allow the asset to continue rising to the levels of 2880.00 – 3000.00. A buy signal: the level of 2792.90 is broken to the upside. Stop Loss: below 2785.00, Take Profit: 2880.00 – 3000.00.


Main Scenario

Consider short positions from corrections below the level of 2792.90 with a target of 2560.52... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/gold-price-prediction-forecast/xauusd-elliott-wave-analysis-and-forecast-for-081124-151124/?utm_source=telegram&utm_medium=social&utm_campaign=post

Return on Capital Employed Meaning, Formula. Why Is ROCE Important?

What should a wise investor consider when choosing which company to invest in? Usually, one analyzes income statements, as well as critical financial ratios, such as Return on Capital Employed (ROCE), Return on Invested Capital (ROIC), Return on Equity (ROE), and Return on Assets (ROA). These four essential ratios are extremely helpful when it comes to a well-defined evaluation of a company’s worth. Every successful investment decision ever made was based on the deep analysis of these indicators.

Today we will take a look at Return on capital employed (ROCE) — a vital metric used to compare a company’s net... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/return-on-capital-employed-roce/?utm_source=telegram&utm_medium=social&utm_campaign=post

How to trade Commodities: A Comprehensive Guide to an Unusual Market

You may wonder why we called the commodity market an unusual one. What is so special about it? If you are engaged in forex trading or speculate on the stock market, can you trade commodities? How does commodity trading work? Which commodities should you trade, and which should you avoid? You will find the answers in our guide to commodity trading.



Commodities: Basics

Let’s start with a definition. Although you know traded commodities such as gold, oil, natural gas, and grains, it’s worth knowing the general definition. 

A commodity is a good used in commerce. It is an interchangeable asset... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/commodity-trading/?utm_source=telegram&utm_medium=social&utm_campaign=post

15 Best Forex Trading Books for Beginners and Advanced Traders

Forex trading books are an alternative to private blogs, theoretical papers, forums, and separate articles. Books consistently and deeply reveal the essence of trading, and expert authors share their experiences. Moreover, books allow you to revisit and review the material at your own pace at any time.

This article provides a brief overview of the most popular and best books on Forex trading. As professionals and educators, the authors have helped hundreds of novice traders build their careers. Each author has a unique writing style, highlights, and original ideas.



Key Takeaways





Main Thesis


Conclusions and Key Takeaways




Books as a... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/forex-trading-books/?utm_source=telegram&utm_medium=social&utm_campaign=post

How to Trade EURUSD – Best Forex Strategies

Today, I will deal with the most popular Forex trading asset – the EURUSD pair. We shall dive into the history of EURUSD, explore modern trends, and have a look at euro-dollar trading strategies. This overview will be of interest to both beginners and professionals!



The EURUSD Pair Overview

The EURUSD pair (EUR – base currency, USD – quote currency) is the most popular Forex trading asset, also known as the major currency pair, which is justified. Trading the EURUSD foreign exchange pair accounted for almost a quarter of all FX trades, according to the BIS survey. Its main competitors,... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/how-to-trade-currency/how-to-trade-eur-usd/?utm_source=telegram&utm_medium=social&utm_campaign=post

Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 11.11.2024

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.



Major Takeaways


BTCUSD: The price is expected to rise to 84,600.00 amid the current bullish momentum. Consider long positions from the current level with Take Profit at 84,600.00
XRPUSD: Subwave (1) is presumably forming as an impulse. Consider long positions with Take Profit at a high of 0.659.
ETHUSD: Expect an impulse move in the direction of the previous high. Consider buying from the current level with Take Profit at 3,560.00


Elliott Wave Analysis for Bitcoin



BTCUSD has presumably formed correction [4] as a triple zigzag... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-btcusd-xrpusd-and-ethusd-for-11112024/?utm_source=telegram&utm_medium=social&utm_campaign=post

Short-term Analysis for Oil, Gold, and EURUSD for 11.11.2024

I welcome my fellow traders! I have made a price forecast for the USCrude, 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.

Gold has reached its first bearish target today.



Highlights and key points



USCrude: oil is trying to continue the downward movement with the target of 69.28.


XAUUSD: gold has reached its first bearish target near 2674 within the short-term downtrend.


EURUSD: the euro maintained its short-term downtrend on Friday. As a result, the price has approached the November 6 low.



Oil... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-11112024/?utm_source=telegram&utm_medium=social&utm_campaign=post