As the new year started, you are feeling the vibes and energy of getting your personal goals all set and determination to achieve them in the year 2020, traders and investors are hoping for a happy profitable new year that will bring lots of return. With that in mind, Trade Magnates team has put together some of the top trading tips to remind you of for your trading journey this year. 1. Know the Markets The number one rule that we keep focusing on when we communicate with our readers and trading community is being educated and knowing the market. Investing comes with a high risk, and if you ..read more

On Thursday night, President Trump called out Facebook Inc, sending them a warning over their future plan of creating own cryptocurrency. Trump sent out a series of tweets, saying “Facebook Libra’s ‘virtual currency’ will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks,” Trump who has previously expressed his strong dislike for digital currencies in general saying “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and ..read more

Oil prices rose to nearly two-months high levels trading at $60.90 per barrel as around a third of the Gulf of Mexico’s crude output was cut and U.S. crude inventories shrunk more than expected. Also, the oil prices reaction was due to the increased tension in the middle east as Iran tried to seize a British tanker in Persian Gulf. Oil has been heading up since last week as tensions surrounding Iran increased tension and oil flows are rising. President Donald Trump vowed Wednesday to impose more sanctions on Iran as they are violating the nuclear accord that he withdrew from last year, while ..read more

What is the Non-Farm Payrolls report? The Non-Farm Payrolls report (NFP) a key economic indicator for the United States. Non-Farm Payrolls is the monthly release of data on the 80% of the US workforce employed in manufacturing, construction and goods. It is intended to represent the total number of paid workers in the U.S. minus farm employees, government employees, private household employees and employees of non-profit organizations. Why is the Non-Farm Payroll report important? NFP is a key economic indicator for the US and is widely considered to be the most important regular economic dat ..read more

Bitcoin has recovered its down movement earlier on this week trading above the $11,000 mark while other crypto currencies are falling with Litecoin trading at $119.4, XRP down to $0.3977. The digital currency was heading up recently after Facebook has announced their plans to launch its own crypto currency. Bitcoin reached almost $14,000 before falling this week below $10,000. Bitcoin is on the rise again trading above $11K today. The digital currency and blockchain technology world has encouraged governments and large corporations to start looking closely at the cryptocurrency market to eval ..read more

The online giant amazon to create 2,000 jobs in the UK added to their work force to almost 30,000. This shows confidents in the British economy, with last year’s figures of 2,500 UK job’s added by Amazon 5,000 in 2017 when it opened a new head office. Doug Gurr, UK country manager, said, Amazon will continue to invest in its British business. Gurr Said: 'The UK is a fantastic hub for global talent and the exciting, innovative work that takes place here benefits Amazon's customers around the world.' It is creating roles for engineers, software developers, data scientists and cloud and machine ..read more

Oil prices gained over $1 early on today with crude oil trading at $59.80, after Saudi Arabia, Russia and Iraq supported an extension of supply cuts of 1.2 million barrels per day for another 6-9 months ahead of OPEC meeting. Heading into the OPEC+ (an alliance of OPEC, Russia and other producers) meeting in Vienna on Monday, the Iranian Oil Minister Zanganeh noted that the cooperation with non-OPEC countries is worthless if OPEC members are not united. The rising tension between US and Iran has impacted the Oil and global market stability slowing the economy down. On the bright side of trade ..read more

Bitcoin, the world’s leading cryptocurrency was trading down the $10,500 level this morning marking the largest loss in week by declining around 10%. After a rally reaching to over 13K level last week, Bitcoin has dropped against investors expectation of a continual rise to $15,000. Other cryptocurrencies were down as well with Ethereum trading at $290 and XRP trading at $0.398. In the past 2 weeks, the hottest topic was the launch of Facebook own crypto currency, Libra, after which the crypto currency prices rallied up specially Bitcoin. The plan of launching Libra, has risen the expectation ..read more

Investors are awaiting the G-20 summit impatiently as the impact on markets has started. The US Dollar gained strength rising by 0.2% while the Japanese Yen fell with the USDJPY trading at 108.10. Trade war talks and the instability surrounding the current situation between the US and Iran formed fears among investors and affected the market trends dramatically. The US President Donald Trump warned yesterday that possible additional tariffs could be imposed on Chinese goods, if there was no progress after trade talks this weekend in the G-20 summit. The trade talks have started already with t ..read more

Bitcoin continues its up trend for the eighth day trading above the $12,000 mark. With this up movement, the world’s first cryptocurrency has recovered most of last year losses. Demands on the digital currency Bitcoin rose after Facebook announced a potential launch of their own cryptocurrency, Libra, which has also affected the prices of other digital currency with Ethereum rising to $330 and Ripple to $0.4790. The speculation of Facebook launching its own cryptocurrency has impacted the crypto market and caused prices to surge. Facebook is the most popular social network platform that is tr ..read more