Andrew Chan

“I’m no genius, but I’m smart in spots, and I stay around those spots.”

MT4 is among the most popular trading platforms among retail traders thanks to its ease of use, widespread adoption among brokers and large range of indicators.

In our view, the most important consideration when choosing a broker is how reputable they are, which is why we have only featured brokers regulated by a major financial regulator, such as the Financial Conduct Authority or CySEC. These regulators impose stringent measures on brokers to protect their clients.

Before we proceed to explore strategies we need to consider Money and Risk Management.

You need some risk management tools to ensure that you have the best chance of making more than you lose, overall, when trading in the financial products offered by ATFX.

For simplicity, we will use stock prices in examples, but these rules apply to any CFD trade you make, whether its underlying asset are shares, indices, futures contracts or commodities.

ATFX presents the MT4 platform, which is the most popular and widely used trading platform within the FX/CFD industry. The platform has the capability to be used as a web-based platform through a web-based browser, and as an application on smartphones and tablets. A demo account is available with ATFX, which is typical with nearly all Forex and CFD brokers.

ATFX is the brand used by branches of global financial group AT Group that provide CFD/forex trading services. ATFX has four legal entities, each with different regulations and services. In this review, we tested the services of AT Global Markets (UK) Limited, which is regulated by the top-tier UK Financial Conduct Authority (FCA).

On May 10th, as US stocks and some commodities fell, the dollar recovered from the intraday decline and rose in late trading; the pound sterling against the dollar jumped to the highest level since the end of February, because the Scottish National Party election results showed that the risk of Scotland's immediate independence referendum decreased. The employment growth data released by the United States last week was worse than expected, putting pressure on the US dollar and strengthening expectations that interest rates will remain low. From a technical point of view, the overall downward trend of the US dollar index remains intact. In the short-term, we will pay attention to the resistance of the upper gear in the 90.60-90.80 area, and the lower support is located in the 90.00 area. The four-hour chart shows that today’s trend may maintain yesterday’s low and fluctuate. It is still recommended to go short at the high level, 90.60-90.80 area, stop loss 91.30, see 90.00,89.50.

Spot gold:
BUY Limit in the 1830-1825 area, stop loss at 1820,take profit1840, 1850.

EURUSD:
BUY Limit in the 1.2120-1.2100 area, stop loss at 1.2080, take profit 1.2180, 1.2200.

GBP to USD:
Long at 1.4080, stop loss at 1.4030, take profit 1.4130, 1.4200

This week (the week of May 10th to May 16th) many countries will successively announce heavy data, including the US April CPI, PPI, retail sales, initial applications, etc., European economic prosperity index and investor confidence index, and UK GDP And China CPI. In terms of the crude oil market, the Organization of Petroleum Exporting Countries (OPEC) monthly report and the U.S. Energy Information Administration (EIA) energy outlook report will be welcomed. On the central bank side, Fed officials and Bank of England Governor Bailey will deliver speeches. The economic data on Monday was relatively thin, with a focus on the Eurozone May Sentix Investor Confidence Index.
From a technical point of view, the US dollar index shows signs of breaking down. In the short term, we will pay attention to the resistance of the upper gear in the 90.50 area, and the support of the lower gear in the 89.70 area. In operation, it is recommended to go short at high positions.

EURUSD:
BUY Limit in the 1.2130-1.2110 area, stop loss at 1.2080, take profit 1.2180.1.2200.

GBP to USD:
BUY Limit in the in the 1.3980 area, stop the loss at 1.3930, take profit 1.4050, 1.4100.

Spot gold:
BUY Limit at 1830, stop loss at 1810, take profit 1850, 1860.

AUD against USD:
BUY Limit at 0.7820, stop loss at 0.7780, take profit 0.7900, 0.7950.