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Open your first deal with Xtrade and we will cover it.

  1.  If you make a profit, it’s yours.
  2.  If not – we will refund the loss up to $500 CASH bonus*.

Get Your Bonus

*Promotion is subject to Terms and Conditions.

This offer is valid only upon making your first deposit and for the following 10 days.

In case a loss occurred in the first trade opened (and closed) within the promotion period, you can get back 100% of the loss in Cash bonus up to $500, and according to the following rules:

The bonus is calculated only against a closed deal’s negative profit.

  • The bonus is available only once per account and only after completion of your deposit.
  • To redeem your bonus, you are required to reach a release volume of XPoints.
  • We reserve the right to refuse or reject a registration, at our own discretion or based on regulatory restrictions imposed on us.
  • For more detailed information please refer to the Terms & Conditions.

To better control your trading status, we recommend setting your first trade with our advanced “stop loss” feature, setting it to your max.

Why Choose Bitcoin Cash as Investment?

Gone are those days when Bitcoin was an obscure digital novelty used by a highly restricted community. By 2023, it had become a household name. People have accepted cryptocurrencies as a new type of money and have increasingly begun investing in them. Despite occasional drastic retreats in its price, Bitcoin has retained a leading place among other altcoins.

Indeed, Bitcoin’s market capitalization in 2022 reached $741.57 billion. During this year, people made over 270,000 daily transactions of Bitcoin. In the United States of America alone, about 46 million people own a share of this digital currency, which amounts to 22% of the country’s adult population. Around the world, over 81 million people opened Bitcoin wallets on Blockchain.com last year. Compared to 2021, there was a 72% rise in Bitcoin’s users; in other words, Bitcoin attracted about 34 million people more in 2022 than it did in the previous year. If we go back a few more years, we will see that since 2018, people’s interest in using Bitcoin has soared by a staggering 237%.

And yet, Bitcoin is not without drawbacks. People using it for payments know that it allows only a low volume of transactions per second – from 4.6 to seven transactions, at the most. The blocks’ limitations explain transactions’ low scalability in frequency and size. Bitcoin’s users have long found its slowness of payments annoying. Hence, in August 2017, they invented Bitcoin Cash (BCH) by splitting the existing blockchain into two. The new cryptocurrency was designed to offer cheaper and faster payment transactions. Bitcoin Cash has a transaction block size of 32MB, allowing for over 100 transactions per second, a significant improvement over Bitcoin.

Because the block size of BCH is much larger than that of Bitcoin, its transactions are considerably cheaper. A Bitcoin transaction is $59, whereas one of its younger relatives costs less than a penny. Because Bitcoin Cash enables quicker processing, it requires fewer miners to process transactions. Fewer people involved in producing digital coins might lead to weaker security, but less mining is beneficial for the environment.

Another point where Bitcoin Cash beats Bitcoin is accessibility. BCH can be bought through most main exchanges, namely Coinbase and Kraken. The buying process is simple. As the Coinbase website indicates, anyone with a valid ID can purchase this digital money in seven easy steps. PayPal sells Bitcoin Cash, too. When people purchase a BCH, they can put it into their cryptocurrency wallet and use it to make transactions. They also can exchange it for other altcoins.

Bitcoin Cash is more accessible than Bitcoin also because it is cheaper. As of writing, the price of the leader of cryptocurrencies is hovering between $23,700 and $25,200. Bitcoin Cash is trading at $124.34, emerging as a less expensive digital currency affordable to nearly everyone, not only the affluent few having the means to buy it at its current price.

If the price of Bitcoin Cash still looks high, analysts foresee its decrease in the near future. Although the digital coin has jumped by 24.75% in the past seven days, it is predicted to enter a downtrend. From February 2023, BCH began to slide thanks to sellers’ efforts to push it down. Unless buyers interested in BCH’s recovery take control of the market, the digital coin will continue dropping, at least in the short run, offering investment opportunities.  

In the long term, however, the prospects of Bitcoin Cash are brighter. WalletInvestor predicts that its price may climb to $206.892 by the end of this year. By 2025, it might reach $495.78, shooting to $1,653 by the decade’s end. Analysts’ optimistic outlook on the growth of Bitcoin Cash renders it even more desirable as an investment now when it is experiencing a downturn.

Like Bitcoin, Bitcoin Cash has a limited supply: its ceiling is 21 million coins. There will never be a larger number of Bitcoin Cash coins than this. As a hard asset, BCH is an attractive instrument for those wishing to make a long-term investment.

What Is the Secret of Meme Stocks’ Popularity?

The previous year, and the year before it, stand out in history not only because of the pandemic and ubiquitous lockdowns. They also gave rise to so-called meme stocks that have often managed to take the global stock markets entirely by surprise. Like none of the other stocks, meme stocks have the power to rattle the markets in several days or even hours and can gain value with unprecedented speed. Read on to learn what meme stocks are and how they succeed in capturing investors unawares. Find out how people earn money by investing in meme stocks and whether you should follow their examples.  

What Are Meme Stocks?

Meme stocks have two significant characteristics. They skyrocket in price in an extremely short period: hours or days. Their jump is generated by a sudden flurry of interest online or on social media and subsequent mass purchases among small individual investors.

The name of meme stocks, when translated from ancient Greek, reveals their essence. The word “mimema,” from which the word “meme” comes, means “imitated.” The concept was introduced in 1976 by British evolutionary biologist Richard Dawkins in his work The Selfish Gene and refers to a unit of cultural information spread by imitation.

Understood this way, memes are replicated and transmitted from one person to another. Memes evolve, mutate, and undergo natural selection, becoming popular among the masses. Memes are transmitted in verbal, visual, written, or electronic communication, such as through conversations, books, media, e-mail, or the Internet. Memes gain the widest popularity within a culture.   

As traditional investors often point out, the sharp advance of meme stocks is occasioned neither by business fundamentals nor their strong performance. In their eyes, meme stocks climb on the whim of people expressing their opinions on social media channels. Often, people conspire to push a stock’s price up to reap quick rewards from its increase.

Investors who look kindly at meme stocks say that what counts in investing is the surging stock price. No matter what the fundamentals are, a business should be deemed strong if a stock is supported by the multitude and grows. They also remind the detractors of meme stocks that the proof of the pudding is in the eating: if people earn money by investing in meme stocks, these stocks should be appreciated.

How Did It All Start?

The first meme stock, video game retailer GameStop, emerged in the summer of 2020, several months into the pandemic. One individual began to share his opinion about GameStop stock on Twitter, YouTube, and the subreddit r/wallstreetbets. In his posts, the person explained why a combination of high short interest from firms betting against a company and a GameStop business, in those times highly unappreciated, could bring handsome profits to investors.

In the wake of his posts, the former CEO of Chewy.com, Ryan Cohen, purchased 10% of GameStop shares, which became widely known. After Cohen had joined the board of directors, GameStop surged to $20 per share. Immediately after this, the value of the company’s stocks doubled, celebrating the growth of 8 times since the first posts about the company appeared on the Internet.  

Several months later, the short squeeze suggested in these posts occurred for real, with the price of GameStop shares shooting up to $500 amid panic purchasing. Hedge funds suffered the most from the short squeeze, with some announcing bankruptcy. Other forces then conspired to help the meme stock movement get off the ground. During the pandemic, people invested exclusively online, and numerous trading apps were brought together to enable the appearance of meme stocks.  

What Are the Advantages of Meme Stocks?

Owners of meme stocks can have certain benefits when a flurry of purchasing activity boosts their price:

·         A possibility of having high returns in a short period;

·         An ownership stake in a new investment idea;

·         As most investors in meme stocks are young people active on social media channels, the meme stocks movement might have a long, eventful career.

What Are the Disadvantages of Meme Stocks?

As with everything in life, meme stocks have a dark side. People investing in them might face serious problems:

·         Just as they go up quickly, the prices of stocks, hyped on social media, might speedily go down.

·         Short-term stock prices are driven by supply and demand and are unpredictable. They might sink as quickly as they soared.

·         Some meme stocks do not trade on fundamentals, which might push their price in the opposite direction and cause investors to incur losses.

What Are the Most Famous Meme Stocks?

In addition to GameStop, other companies are qualified as meme stocks. Like GameStop, these stocks were discussed on social media, which raised their prices amid frantic buying by online investors. Many of them struggled before climbing with the assistance of social media. The most famous among these meme stocks are the following:

·         Blackberry

·         Nokia

·         Palantir

·         Bed Bath & Beyond

·         Virgin Galactic

·         AMC Entertainment

There are also meme digital coins. The movement in the cryptocurrency market started with the launch of Dogecoin, created as a joke in December 2013. Shiba Inu then followed and spawned a whole new category of cryptocurrencies. Now meme crypto coins include MonaCoin, ERC20, Banana, Wownero, and Zombie Inu and have a market capitalization of $29,276.020.

How to Invest in Meme Stocks?

You can easily diversify your portfolio if you plan to trade meme stocks since meme stocks comprise a variable category. Money can come to you from various places. Or, if you do not aim to build a diversified portfolio, you may simply trade ETFs managing a portfolio of meme stocks popular on social media.  Bear in mind, however, that meme stocks can be particularly volatile. Be prepared to continue investing more over time.

The power of the public has never been stronger than now. With the help of social media and the internet, people can boost the prices of their favorite stocks within hours. It is worth keeping an eye on conversations about stocks initiated on social media channels because they may quickly bring them up and offer meme stock lovers valuable earning opportunities.

Xtrade – Overview

Xtrade : An Industry Leader and Innovator

XTrade is a widely acclaimed platform provider for Contact for Differences (CFDs) , delivering trading facilities for shares, forex, cryptocurrencies, commodities,  and indices, alongside innovative trading technology.

Who We Are

Our awards speak for themselves louder than any word. But here are a few words you might be interested to hear:

Trading financial instruments are in our DNA. For more than 20 years, Xtrade has helped clients to make trading decisions, access liquidity, and manage risks. We connect counterparties with market-leading traditional trading of CFDs on shares, commodities, forex, and indices. Our institutional strength, practical expertise, comprehensive technology, and unparalleled network enable us to deliver a powerful global trading platform when and where our clients need it. Xtrade offers around-the-clock support and delivers world-class solutions to its clients in more than 25 countries.

We provide a sophisticated trading platform available on the Web and Mobile. It allows our clients to manage trading activities from deposit to withdrawal, from any place they are in the world.

Why Trade with XTrade?

  • Strong financial resources and regulatory oversight

By establishing solid relationships with many of the biggest international banks, we are able to ensure our clients receive a first-class trading experience. This has also enabled us to expand our client base, generate increased trading volume and provide vast liquidity to our clients at superior prices. Our ongoing and continual expansion of financial service offerings — including multi-language support, multi-currency and multiple payment methods — ensures that our customers enjoy a unique trading experience.

  • Competitive pricing and trade execution

We have worked hard to ensure our pricing always remains competitive and transparent. To minimize buy/sell spreads and automate trade execution, we have devoted over a decade of investment in cutting-edge technology.

  • Experience the next-generation trading platform

Our state-of-the-art trading platform grants you unparalleled access to the CFD market and offers all of the necessary tools and features to optimize your experience and make the most out of your CFD trading. Our cloud-based technology ensures your access from any device and location. With servers and backups around the globe, you are assured of anywhere anytime order execution.

  • 24-hour support center

We are dedicated to offering best-of-breed support and believe that ultimately, our success is measured by our clients’ success. Our commitment to high quality customer service is thus both a driving force and a manifestation of this understanding. Our friendly and experienced 24-hour support team offers comprehensive solutions for all customer requirements.

  • Get ahead with unique and innovative trading tools

To ensure that our clients have the best tools available to make smart and informed trading decisions, we offer the following online features:

| Economic Calendar | Technical Analysis | Market Review | Real-time charts | Push notification services

  • Enjoy a wide range of financial Instruments

We provide the most comprehensive trading environment possible for our clients! We offer the opportunity to trade CFDs on the widest range of underlying assets available, including: Shares, Commodities, Forex, Indices and ETFs.

Segregated Clients’ Funds

At Xtrade, you will trade with peace of mind. Our protective measures include the following:

  • Stability and Financial strength of Xtrade Financial Services
  • Segregated Client Accounts
  • Investor Compensation Fund

 Segregated Accounts

Safety of client money is one of XTrade’s highest priorities. Client money is held in segregated accounts with Barclays, Commonwealth and other stable tier 1 Banks, separate than the Company/Group bank accounts so no matter what,  clients gets their money back.

Award-Winning Platform

Our best-of-breed technology and customer-first attitude continues to gain international acclaim. Acknowledgement of Xtrade’s dedicated representatives delivering of service and value spans the globe.

Xtrade Group of Companies :
Our group of companies through its subsidiaries is licensed in,
in Belize by the Financial Services Commission of Belize ‘’FSC’’ (Xtrade International Ltd – License Number FSC000281/481) ,
in South Africa by the Financial Sector Conduct Authority ‘’FSCA’’ (Peak Wealth PTY Ltd – License Number 2013/007163/07,
and in Australia by the Australian Securities and Investments Commission ‘’ASIC’’ (Xtrade Pty AU– AFS License Number 343628).

Brexit & Q3 Earnings Report with Data Deluge.

Brexit & Q3 Earnings report with Data Deluge.

The Market’s response to the ongoings with Brexit, Q3 Earnings Report, US-China Trade saga and Middle – Eastern tension are all familiar phenomenon, while we have expounded at length in previous articles and post. Caution is still warranted as the rewards are sweet, the losses are also very real.

It remains that until the Brexit “Deal” & The US/EU/China trade saga are resolved with some written documentation to fall on, uncertainties dominate, swinging the pendulum in favor of the bulls or bears depending on the day’s narrative and interpretation of some market participants.

The Brexit: As Prime Minister Johnson and the EU echo progress with a solution to a “Hard Brexit” (leaving the EU without a deal). Market participates flocked to the GBP and FTSE 100. Increased bets sent the pound to its highest levels in recent times. Uptrends are contingent on concrete developments else gains may be trimmed.

US & China: Following a reconciliatory tone between the two biggest world economy, which bolstered global stocks at the beginning of the week hangs in the balance after China agreed to a Partial Deal with the US purchasing more US agricultural-based produce, does not wish to continue the trade negotiations if the US does not waiver or remove tariffs from the table.   Meanwhile, an open front between the EU & the US on trade negotiations persists. Rocking global stocks in tandem.

Global Stocks:

Were observed up trending with the exception of the Australian Markets which were lagging.

  • WALLSTREET: Bolstered by Earning reports, and upbeat trade talks which may subside due to a snag in the trade negotiations volatility is abounding albeit with room to capitalize on gains by scalping between the resistance and support.   

USA30: Earnings report from the likes Netflix, & Tesla to name a few boosted to stocks coupled with developments between the UK & EU. However, upside movement may be confined to the day highs at 27,086.0 an open of 26,935.0. Trading is likely to range between 26,876.0 – 27,086.0

  • THE EU MARKET:  Were seen bullish.

Germany30: Gains wings by the time of print 11:50 GMT trading between 12,631.0 – 12,807.0 up 0.40% at 12,701.5 at this stage trends may head to the support levels before correcting up.

Italy40: Was up 0.18% at 22,437.5 after rallying to the day’s highs t 22,607.50 oscillation between 22,320.00 – 22,607.50 plausible The RSI indicates a strong tendency for the trends to be limited into the comfort zone between the 30 & 70 thresholds. 

UK100: The twitter announcement from EU’s President Jean-Claude Junker confirming a last-ditch deal between the UK and EU paved way for an optimistic bunch of bulls to jump on the FTSE although the deal still needs the approval of parliament and the Irish border bone of contentions resolved. Stocks were observed up. 0.41% at 7,176.8 lurking in a range between 7,135.2 – 7,216.0

  • ASIAN MARKET: Were mixed most of the Australian markets were pulled down perhaps due to China’s instance that a way forward with the trade negotiation must not include tariffs from the US and perhaps from the downbeat economic reports.  

HongKong50: Caught stretching it wings at 26,924.0 ranging between lows at 26,710.0 and highs at 27,016.0

Malaysia 70: Had made some impressive moves grossing the 14 k threshold, however, the upside is now curbed pending further support. Trading between 14,208.49 – 14,106.32 down 0.19%at 14,137.17 like to revolve around this number for a while.

Commodities:

In recent time the usual correlations and inverse correlation between the commodities and the USD has been “funky” some metals fall while others rally on geo-politics

Oil:

The Oil reports revealed content built in the Oil stockpiles and inventories with Saudi Arabia back to full production ramped up by the US increased production activities in a world where demand output is diminished. Threats to supply seem to have very limited upside effect with the trading ranging between 52.64 – 53.47 at the time of print WTI prices were down 0.97% at 52.84. A further downside could be in the pipelines before Friday’s profit-taking.

Gold: In our previous post we remarked the following,

“Caught indecisive between 1,508.85 -1,522.15 do not be surprised to see abrupt slides possible to recent lows around 1,498.00 before correcting if China and the US make any advancement in the trade negotiation.” 

Today Gold opened at 1,493.95 and projected to trade in between 1,487.05 – 1,499.85 If market participants feel they have been taking for a ride again with no concession to the China-US trade deal nor Brexit. Traders will run to take cover with the safe havens. Pushing Gold prices to possible highs above the 15k threshold.

FX Market:

Experienced major paradigm shifts, driven by Brexit and various trade sanctions leading to various Central Bank adjustments. The DXY was seen down trending, which reveals the GBP and EUR gaining grounds against the greenback even though it remained close to all times highs in the 108 zone.

USD/JPY: Seen ranging between highs of 108.94 and lows at 108.48 at 108.73. The pair may have paved out its trading cycle for the day. 

EUR/USD: The EUR stood tall against the USD up 0.47% at 1.1122 aim to stay close to the day’s highs at 1.1139 from the previous close at 1.1070. downside to 1.1065 the day’s support may not be seen today.

GBP/USD: News of a possible Brexit deal ahead of the 31st October deadline resounded well amongst traders on the bullish side of the equation sending the pound to highs, shay away from the 1.3 thresholds. Trading between 1.2752 – 1.2988 caught at 1.2875 up 0.35% at the time of print.

For further details, please visit Xtrade.com. You may also leave your comments below.

Related links:

A Weekend Plagued With Uncertainties Ahead Of Some Profit-Taking.
Markets Are Choppy With ADP, Oil & Gas Inventories On A Slippery Stock Market Board.
Trading Week Resumes In ‘Luke-Warm” Waters
Market Participants Waded Through The various Central Bank Decisions & Brexit Rumble.
Same Assets, Familiar Catalysts Market Jingles
US NFP Cooks. Market Gyrations Remain Choppy. US Trade Tariffs For EU Is On.

An Actively Charged Oil Day, With Automatic Data Processing, Earnings & More!

An Actively charged Oil Day, With Automatic Data Processing, Earnings & More!

In anticipation of heavily loaded economic events day. Which includes the highly, sort after US rate decision, The ADP Automatic Data Processing report on the private jobs report to gauge the US employment quotas. EIA crude oil and gasoline inventories as well as the EU GDP and CPI reports.

To further sizzle the tempo of the market, there are about 453 companies releasing their Q2 earnings report for Colgate-Palmolive Co. and more.

Global Stocks:

Global stocks were spotted with some correcting from Tuesday’s lows while others lay in a wait and see posture.

  • USA30: Was one of the stocks seen climbing in the early EU open by 10:15 GMT. It was trading up 0.24% at 27,229.0 between 27,187.0 and 27,256.0 further upsides may continue if the feds cut rates and the earnings reports from QUALCOMM may render support, our technical analysts provide thresholds with resistance levels at 27.287.00 and support levels at 27.115.00
  • Germany 30: After shedding over 2.0% Tuesday the DAX 30 was seen in correction mode up 0.34% by the time pf print 10:20 GMT at 12,155.8 tradings between 12,103.8 and 12,181.0 a 2nd resistance is projected at 12,190.5. It is noteworthy to take into account the technical denotation with the resistance levels at 12.460.00 and support levels at 12.295.00
  • UK100: Has been amongst the losers. Seen trading down 0.43% at 7,557.3 between 7,546.2 -7,597.5 further downside to the technical support of 7.510.0 and even to 7,495.0 may be possible.
  • Italy 40: was seen up trending with most of the EU stocks. Caught at 21,327.50 up 0.19% Trading between 21,269.50-21,362.50 a 2nd resistance is noted at 21,410.50 and a 3rd possible technical resistance at 21.630.00.

Commodities:

Our usual selected assets in the commodities arena have been bullish since Tuesday. However, caution is warranted   

  • Oil: Tuesday the API reported a drop of over 6 million barrels in stockpiles, this kept WTI oil prices supported. Ahead of the day Oil and gasoline inventories prices were seen extending gains in case the EIA’s report beats market expectation prices may remain hawkish however perhaps contained below the $ 60.00bbl. observed at 58.26 up 0.36% by 10:35GMT. Ranging from the day’s open price at 58.34 heading to possible highs at 58.80. The technical threshold stands between 59.20 lows & 58.40 highs.
  • Gold: Remains supported amid unsettling Geopolitics, and the possibility of a Fed rate cut could send the price up, Today, knee jerks are expected. Trading between 1,428.60 -1,433.40. The technical analysis suggests the resistance levels at 1.435.00 & support levels at 1.419.00.

FX Market:  

The Forex market could be said to be restless.

  • USD/JPY: Trading vicariously in a range between 108.49 – 108.66 mostly sideways. At the time of print standing at 108.57 down 0.02%

  • EUR/USD: Stood at 1.1146, trading between 1.1143-1.1162 down 0.06%

  • GBP/USD: After plummeting to almost 2.5years lows. The GBP was seen correcting to the upside especially with the FTSE100 caught in a snare. Seen up 1.2167 up 0.15% between 1.2147 -1.2178

The Cryptocurrencies.

BTC/USD as per Tuesday post in predicting upside movements for this pair. Today they were noted up 4.10% trading between 9,520.0 – 10,030.0.

Most of the other token namely ETH, XRP was indicating bullish undertones

Further details, please visit Xtrade.com. You may also leave your comments below.

Related links:

Taking The Markets Pulse. Ahead Of Fed Rate Decision & Oil Stockpiles Report amid Q2 -2019 Earnings announcement.
A Quarterly Earnings Reports Manual.
The Weekend To A Volatile Trading Week Draws Near
The Lack Of Clarity Plagues The Market Psyche Once Again.
The Race Is On For The Best Gainers Amid Q2 Earnings Reports.
One Of The Most Volatile Trading Weeks In Recent Times, Unfolds.