This August may be the best month for trading crypto, stocks, forex and commodities. High activity in markets where trends are about to change, and you just can not miss the opportunity of profitable trading on margin. Let's increase trading volumes! SimpleFX reduces the spread for all transactions in August.
Bitcoin and other cryptocurrencies are on the rise again. The price of gold is rising, and even silver can be on the verge of a breakthrough. At the same time, global stocks may be approaching a turning point, as there are more and more signs of a slowdown or even recession. Global investment banks are lowering securities forecasts, and even gloomy macroeconomic data have been published.
At the same time, it will make its own adjustments to the price of crude oil, where price volatility depends both on future global economic growth (where uncertainty will lead to lower prices due to fears about demand) and on political tensions in the Middle East (where uncertainty creates downward pressure with concerns about future shipments).
For CFD traders, this foreshadows a positive trend for profit. Especially when during the holiday season there is often nothing to do. You can simply take your smartphone with you to the beach and trade using the best shopping application.
Although it is difficult to predict the trends in August, one thing is certain: the rest of the summer should be spent in a beautiful relaxing place with good Internet access and just to trade. And the best way to do this is using SimpleFX WebTrader – the best mobile trading application.
Making the most of every trading opportunity
SimpleFX WebTrader is an intuitive tool for margin trading, designed for any device. With margin trading you can benefit from higher or lower prices, which will be extremely important in August, since all items are at a critical level.
At the end of July, Bitcoin dropped significantly after an impressive increase from 4,000 dollars in April to nearly 14,000 dollars at the end of June. These price levels have not been observed since the beginning of 2018. The Alt-Coins followed the cryptocurrency leader. Ethereum rose above 360 dollars on June 26, but soon began to fall rapidly.
In August, anything can happen. Some coins can fall heavily, but it is equally possible to take off to unprecedented heights. This extreme cryptocurrency volatility can be easily converted into profit. Especially if you can trade with leverage.
SimpleFX offers up to 5x effective leverage when trading Bitcoin, Ethereum, Ripple and other cryptocurrencies. This feature removes another barrier that many novice traders have. Since, having seen the possibility of making a profit, you can open a much larger order than the deposit of your account.
Suppose you have $ 100, and you see that Bitcoin is growing rapidly, as it did on July 18, when BTC / USD rose by almost 10% in 30 minutes. You can open a position worth about $ 500 and earn five times as much.
August will be the hottest trading month this year! During the month, SimpleFX offers a 20% lower spread (conditions for the link ). You will return all the money saved by transferring it to your account.
Make sure your account is recharged and ready to work and check if your current account is active.
Guess and win Bitcoin
Once again, we give $ 250 in bitcoins. Just try to guess the value of the following Nonfarm Payrolls (NFP), which will be published on August 2, at 8:30 EST (12:30 UTC) and publish your forecast in SimpleFX ShoutBox ( this is how it works ).
Publication date 07/31/2019
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