Ripple’s XRP: A Roller Coaster Ride Towards $1 Ripple’s XRP has been on a tumultuous journey, reflecting the volatile nature of the cryptocurrency market. Recently, it’s showing signs of recovery, aiming for the $1 milestone. This resurgence is marked by increased trading volume and market capitalization, signalling growing trader interest and potential optimism about its…
The ongoing geopolitical tensions, particularly in the Middle East, have instigated notable market volatility, especially in the energy sector. The tensions have escalated due to recent confrontations between Israel and Hamas, causing fear of a broader conflict that could potentially disrupt global crude oil supplies. Amid these concerns, Brent crude prices have experienced a noticeable…
Greetings, Tradelytic Traders! November is kicking off with our first journaling competition, The Journaling Streak! It’s a call to all steadfast traders who find power in consistency! How to Enter: Simple! Journal your trades every weekday through November, ensuring entries are logged before midnight. Prize Pool: 1st Prize: $5,000 2nd Prize: $2,500 3rd Prize: $1,000 Conquer…
The cryptocurrency world has been buzzing with excitement following the recent surge in Bitcoin’s price, reaching a commendable yearly high. This upswing in value can be attributed mainly to BlackRock’s spot Bitcoin ETF listing on a Nasdaq trade clearing firm. Let’s delve into the details of this significant development, its implications on the cryptocurrency market,…
The financial market is a complex web of interactions driven by numbers and charts and a torrent of global economic events. For traders and investors, navigating this requires tools that can provide a glimpse into the economic horizon – the Financial Economic Calendar. Unveiling the Financial Economic Calendar A Financial Economic Calendar is a schedule…
In Forex, adept risk monitoring and management are pivotal for ensuring sustained profitability. A fundamental metric traders employ for evaluating risk is the drawdown, which signifies the decline from a peak to a trough for an investment or trading account over a designated period. Drawdowns are indicators of the reduction in account value, typically represented…
The ongoing conflict between Israel and Gaza has reignited concerns about the potential ripple effects on global financial markets. History shows that geopolitical tensions in the Middle East often lead to significant market reactions. Here are some possible trade ideas to consider during the current unrest, derived from historical market behaviours during similar regional conflicts….
At Tradelytic, we’re constantly pushing the boundaries to bring forward tools and features that make your trading experience effective and engaging. Today, we’re thrilled to introduce our newest addition: “Share A Trade”. What is “Share A Trade”? Drawing inspiration from popular Crypto Platforms, we’ve realized the immense potential of allowing traders to share their accomplishments,…
The allure of the foreign exchange (Forex) market is undeniable; it’s a world filled with opportunities to grow one’s financial portfolio. However, with opportunities come risks, and mastering the art of risk management is crucial for any newbie trader aspiring to thrive in this volatile market. This article explores vital risk management strategies that can…
The ongoing war in Gaza has notably impacted Forex markets, reflecting in various currencies and the broader economic climate. Here’s a comprehensive overview: Immediate Market Reaction: The conflict escalated on the weekend, muting the initial market reactions. However, the geopolitical situation significantly affects global markets, particularly the exchange rates. The first reaction saw a spike…
