Nigerian fashion designer embarks on a journey to profitable Forex trading with Lime Fx’s You Too Can initiative

This initiative showcases how dedication and the right resources can transform a novice into a profitable trader. By following Tolu’s progress, viewers can learn to avoid common beginner mistakes and benefit from the expert advice she receives. Tolu first encountered Lime Fx during their 2023 Lagos Forex Masterclass. Motivated by the potential of Forex trading, she is now committed to learning the specifics of the trade. Aiming to achieve her first $1,000 in trading profit, Tolu will be working diligently until June 12th under the guidance of Ambrose Ebuka, Lime Fx’s ambassador.

Forex currency trading hours: when to trade

Automated trading helps traders enter and exit positions much faster than manual trading. We do not limit the array of assets available on demo accounts—trade anything you like and diversify your skills. The actual list of available trading instruments is specific to each trading platform. We measure success by the cost-effective trading conditions we provide and by success stories our traders share. Web and mobile trading platform OсtaTrader enables you to diversify and upgrade your trading. You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments.

New instruments: XRPUSD and BCHUSD

Founded in 2011, Lime Fx holds a regulatory license in Europe via its Cyprus-based entity – Lime Fx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, Lime Fx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Lime Fx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.

Fundamental Analysis on MT5

Developed using programming language MQL5, MetaTrader 5 allows Black Box Programming, which makes it a viable choice for developers and users of trading robots. They analyse quotes from financial instruments allowing traders to execute the most profitable trades. Thousands of these indicators can be downloaded for free on the MQL5 code base. ‘It’s clear that the outflows are not only due to the correction in the Bitcoin price during this period’ said Kar Yong Ang, the Lime Fx broker’s financial market analyst.

New instruments: XTIUSD and XBRUSD

Grayscale Investments has withdrawn its application to create an Ethereum-based futures ETF. According to the speech of its CEO Michael Sonnenshein, Grayscale Investments will focus on converting its Ethereum trust—the world’s largest—to spot exchange-traded products. Basically, all you need to do to start trading forex is to open an account and download and install trading platform or sign in to the MT4 or cTrader web based terminal. The best time to trade specific Forex pairs depends on the active session. To maximise your profits, learn about trading sessions and adjust your orders accordingly.

By purchasing cryptocurrency directly, the fund tracks the price of the benchmark cryptocurrency more accurately. Due to the more straightforward purchase process, such an investment offers greater profitability and lower management costs. This is the reason for the public excitement around the approval of the spot Ethereum ETF, scheduled for 23 May 2024. At Lime Fx, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind. We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment.

There are prizes of $500, $300, and $100 for the first, second, and third positions, respectively. All possible trading strategies and EAs can be used in this contest. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

  1. Are there any opportunities to make money on the eve of the decision to approve the spot Ethereum ETFs scheduled for 23 May 2024?
  2. Experienced traders can also benefit by using their Lime Fx Forex trading trial to test or backtest their strategies or master certain tools.
  3. Tolu first encountered Lime Fx during their 2023 Lagos Forex Masterclass.
  4. Balance, equity, free margin and margin level are calculated automatically by the platform and available anytime in the “Trade tab”.
  5. We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s stability. It offers tools for price change tracking, trend pattern recognition, and automated trading. Open an Lime Fx trading account and make a deposit—you need just $25 to start.

Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Lime Fx’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 limefx website jurisdictions – will go a long way towards building trust with existing and prospective customers. The following table summarizes the products available to Lime Fx clients. Use our country selector tool to view available brokers in your country.

If approved, it could spark another rally in the cryptocurrency market. Are there any opportunities to make money on the eve of the decision to approve the spot Ethereum ETFs scheduled for 23 May 2024? Here you can find all the most crucial Forex trading tools in one place. Use this page to see which trading sessions are currently open and check the exact trading hours for every available asset.

To practise your trading skills safely, try opening a risk-free Forex demo account before creating a real one. With the Lime Fx demo account, you get a full trading experience while using only virtual funds without risking any real money. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. In a spot market, assets such as commodities, currencies, and securities are exchanged for immediate delivery. The same is true for the much-anticipated spot Ethereum ETFs, as they offer a more straightforward and transparent approach than futures ETFs, which buy derivatives without directly owning the asset.

We aim to make that period more accessible for you with our free Forex trading lessons. MetaTrader 5 scalping allows you to turn many small profit opportunities into a big one. MT5 has 44 analytical objects, including Gann, Fibonacci retracements, Elliott Tools, Geometric Shapes, and more. Apply objects on charts manually, set calculation parameters, and customize the appearance of graphical objects according to your taste. With this knowledge, we created our  platform to help you make money through smart and well-controlled investments.

That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. We’ve made a list of the best online forex trading platform worth trading with. Use the Lime Fx economic calendar to find an upcoming news release and analyse how it might affect the price of a certain asset.

Leave a Comment

Your email address will not be published. Required fields are marked *