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is copy trading profitable

Copy Trading Guide: Can Copy Trading Make Money?

Copy-trading, also known as mirror trading, is an investment strategy that automatically copies the positions and trades of other traders. This article introduces how copy trading works, how to make money via copy trading, and the answers to the frequently asked questions. View more

ZFX: Traders are still betting on Sterling amid the doubtful UK-EU negotiations

ZFX: Traders are still betting on Sterling amid the doubtful UK-EU negotiations

For the investment market, traders are a bit positive towards such a big uncertainty, expecting the good side. The UK and the EU emphasized that the negotiations are making progress, but in fact, according to various source, the officials inside the EU are holding a tough attitude towards the negotiations, especially from the two big countries, Germany and France. Those voices were “no agreement may be better than a bad agreement.” So far, the latest news increased the worries as no consensus is made from both sides. German Chancellor Angela Merkel has warned that the EU must prepare for Brexit without a deal. View more

What Is The ATR Indicator & How Do You Use It When Trading MT4?

ATR Indicator Guide: How to Use ATR in Forex Trading

The true average range (ATR) indicator is often the likely tool deployed for technical analysis for traders who lean towards tracking and exploiting market volatility. In this article, ZFX provides a beginner's guide for using ATR in forex trading. View more

ZFX: Trump’s move surprised Wall Street! Dollar gained amid risk-off

ZFX: Trump’s move surprised Wall Street! Dollar gained amid risk-off

Such bad news took a hard hit to Wall Street on Tuesday. The Dow closed down 1.34%, the S&P 500 lost 1.4% and the Nasdaq dropped the most, 1.57%. In the earlier US trading session, all three indexes were higher as investors were optimistic over the stimulus package, especially under the severe coronavirus outbreak situation. View more

ZFX: Eyes on the first debate! Cautious sentiment over the mixed markets

ZFX: Eyes on the first debate! Cautious sentiment over the mixed markets

While risk appetite sounds back, the dollar slipped a bit. Gold price returned to the $1880 mark area as investors seek for another haven before the “first debate”. Democrat Joe Biden and Republican Donald Trump will square off later in the day (Wednesday 0900 GMT+8). It should be alerted that any wording from Trump and Biden may spark shocks. View more

ZFX: Bottom fishing? Economic data boost amid choppy market

ZFX: Bottom fishing? Economic data boost amid choppy market

The economic data from the US housing were outstanding over the recent weeks, even under the doubtful recovery situation. On Thursday, it may be the main reason for “bottom fishing”, pushing up the three major indexes. ZFX analyst Jacob Leung said that, of course it may be showing the buying interest, but technically speaking, the trends were still bearish. The retracement of the dollar was limited, made a “Doji” alike, meaning that the sentiment was just still cautious. The market is also closely watching the negotiations of the US Congress. It is reported that Democrats in the House of Representatives are preparing a draft of a relief bill of up to $2.4 trillion, which to some extent propped up the sentiment. View more