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Polkadot (DOT) Declines on the Downsides, Unable to Sustain Above $45 High

Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: Bullish Today, Polkadot’s (DOT) price has been struggling to sustain above the $45 high. Buyers have made two attempts to break above the recent high. In the first attempt, Polkadot was resisted as it fell to $44.90 support. Nevertheless, after the […]

1 h

Solana Records New TVL Peak Amid Bullish Resurgence

Solana (SOL) has recorded a new all-time high in total locked value (TVL) on its DeFi protocols. This record move comes amid a dramatic bullish wave across the cryptocurrency industry. According to a new report from DeFi Llama, the TVL on Solana’s DeFi protocol peaked at $12.7 billion earlier yesterday. This figure has since dropped […]

3 hs

Dollar and Yen Rebound Stays Limited, Euro Downside Potential Low

The recovery in the dollar and yen have been slow thus far, hampered by a strong market mood. The S&P 500 closed at a fresh all-time high, and the Dow Jones Industrial Average was not far behind. Major Asian stocks are also up after China’s Evergrande avoided default for the time being by remitting cash […]

5 hs

Binance Coin (BNBUSD) Price Pulls Back at $503 Resistance Level, Bullish Trend May Continue

  BNBUSD Price Analysis – October 22 Binance Coin pulls back to retest the dynamic resistance level and may continue a bullish movement as the daily candle opens the market today, above the $503 level are found resistance levels of $599 and $678. Inability to propel the price above $503 level by the bulls may […]

8 hs

Gold (XAUUSD) Is in a Range Bound Move, Battles Resistance at $1,800

Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingThe Gold (XAUUSD) is trading at $1,783.14 in the middle of price range. XAUUSD is in a range-bound move between $1,720 and $1,835. Buyers and sellers are yet to break the range-bound levels. Presently, the price action is characterized by […]

17 hs

Yen Rebounds As Swiss Franc Strengthens in Calm Markets

Amid better-than-expected jobless claims data, the dollar falls against the Swiss Franc and the yen. Today’s markets are in a state of consolidation as the dollar, on the other hand, is stuck in a range against other major currencies. Commodity currencies are digesting short-term gains, but losses have been minimal thus far. The euro is […]

19 hs

AUDUSD Reverses Multi-Month Highs of 0.7546 Amid Risk-Off Market

AUDUSD Price Analysis – October 21 The AUDUSD declined for the first time this week, losing 0.65 percent and trading at 0.7465 at the time of writing. The pair continued to rise to the highest level since early July, and the 0.7546 area saw an intraday turnaround. A goodish uptick in demand for the US […]

19 hs

Uniswap (UNIUSD) Price Is Range-Bound Within $27 and $21 Levels

Uniswap Price Analysis – October 21 Should there be a breakup at the $27 resistance level, price may increase to $30 and $37 resistance levels. When bulls could not penetrate the resistance level of $27, Uniswap may continue ranging movement or there may be bearish reversal towards the support levels at $21, $17 and $14. […]

1 d

Bitcoin Records New ATH at $67,000, as ETF Space Opens Up to BTC

Bitcoin (BTC) has had a ridiculously bullish session this week as it made history with its first US SEC-approved futures Exchange-Traded Fund (EFT). ProShares Bitcoin Strategy ETF (BITO) launched on Tuesday amid volcanic fanfare and record-breaking ETFs volume. Yesterday, BTC recorded a new all-time high at $67,000 due to the excitement from the news. As […]

1 d

Dogecoin (DOGE) Upward Move Is Stalled Below $0.27 Resistance, May Resume Upward

Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BullishDogecoin’s (DOGE) price has broken above the moving averages as the altcoin rallied to the $0.28 resistance zone. On October 6 uptrend, the bulls were resisted at the $0.27 high. Dogecoin declined to $0.22 low and resumed a fresh uptrend. Today, the […]

1 d
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Choosing the Best Forex Brokers For Trading

All looks simple, but until you come across the worst broker, it is when you’ll realize that trading forex is not a walk in the park. Working with the best forex broker will determine how successful you can become in the market. Interestingly, there’re several brokers available, with almost all of them claiming to be the “best.” However, not all deliver what they promise or simply what they claim to offer. Therefore, it requires that you go the extra mile to define which broker is really the best for your needs.


How Do Brokers know the Stocks to Invest In?

Everybody has got an option, and when it comes to the tricky game of investing and trading, it’s no difference. If you went out to seek recommendations on the stock to invest in, you’d probably get several of them with each professional giving a reason for their choices. But the question stands, how do brokers pick the right stocks to invest in?

Author : Michael Fasogbon

Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.