Currency trading (Forex) is complex but also full of lucrative opportunities. Experience is the most valuable asset a trader can have. The problem is, how can a trader get experience and practice without risking real money in the process:
The solution: start trading a 'virtual' currency portfolio and form a club with friends to share ideas, learn skills, and refine your approach. You're not risking any real money, but you're learning everything you need to know about what works and what doesn't in the world of Forex.
With clubs, you build portfolios together with fresh ideas, or even challenge each other/members of your club to a horse race to see who can deliver the best portfolio performance.
You can create an interactive experience where members of the group are constantly discussing ideas, debating strategies, and trying out new methods for investing. Whether you want your investment club to be friendly, competitive, or thought-provoking, the key is having a platform that provides functionality for you to manage your club easily online.
With an investor club you can:
Tickeron has the platform for Investment Clubs that provides all of the tools needed. The platform enables your club members to build portfolios, track performance, message each other easily, and gives you access to our A.I. for generating investment ideas. It’s a new frontier for investment clubs—get your friends together and start one today!
The Moving Average Convergence Divergence (MACD) for USDJPY turned positive on May 14, 2023. Looking at past instances where USDJPY's MACD turned positive, the stock continued to rise in of 92 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 12, 2023. You may want to consider a long position or call options on USDJPY as a result. In of 111 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where USDJPY advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 276 cases where USDJPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where USDJPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
USDJPY broke above its upper Bollinger Band on May 17, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows