After much anticipation, registration is now live for Finance Magnates Pacific Summit 2024 (FMPS:24), the year’s largest professional event in the Asia-Pacific region. The premium event looks to bridge the B2B and B2C space, taking place in Sydney, Australia on August 27-29. Prospective attendees can expect to meet, network, and engage with the industry’s leading talent and brokers, while connecting with regional and local providers.

FMPS:24 is all about expanding one’s global reach or footprint through unique networking opportunities. Nowhere else in APAC will attendees have the chance to speak to so many different parties, speakers, and talent, all under one roof. This is one event you cannot afford to miss this August!

Register Today for FMPS:24

FMPS will be held at the world-famous International Convention Centre (ICC) in downtown Sydney. ICC Sydney is not only one of Australia’s leading venues but a locale renowned for its conventions, exhibitions, and entertainment. As one of the world’s greatest business event centers, ICC promises to be the perfect setting for FMPS:24, conveniently located next to the premium waterfront location at Darling Harbour.

Attendees can expect to take a deep dive into multiple verticals represented at length, such as the online trading, payments, digital assets, and fintech space. With only a few months to go until the doors of this event swing open, the time to reserve your seat is now and can be done by accessing the following link.

What Can Attendees Expect from FMPS:24?

FMPS:24 is APAC’s can’t miss event of 2024 that starts with professionalism and includes a diverse range of individuals available for doing business with. Attendees can expect to network, engage, and connect face-to-face with the following participants:

• Forex/CFD Brokers
• Institutional Brokers
• Affiliates & IBs
• Traders & Investors
• Educators & Market Experts
• Fintech & Payments Brands
• Crypto & Digital Assets Businesses
• Technology & Liquidity Providers
• Press/Media
• Regulators
• Start-ups
• Investors/VCs

In terms of content, FMPS:24 will take a explore the latest topics and trends with actionable insights, engaging conversation, and an eye on the future. This includes an entire content slate of discussions, webinars, workshops, keynote speeches, and much more.

These informative sessions provide the ideal forum and platform for traders and industry professionals to learn and gain valuable perspective into new trading techniques, technologies, and trends in Australia, APAC, and the broader financial services space.

Look for the event to attract upwards of 2,000+ attendees, 70+ exhibitors, and 50+ speakers, making FMPS:24 one of the largest events in Australia in 2024. Stay tuned over the next month for more updates on FMPS:24, including the rollout of the detailed agenda, and more!

This article was written by Jeff Patterson at www.forexlive.com.

US-based employers announced 63,816 job cuts in May this year, which is a roughly 20% decline compared to the same month a year ago. The number of layoffs is little changed compared to April, but this still represents the third-highest January-to-May total since 2009. Looking at the details, tech continues to lead job cuts overall but is significantly lower (60%) compared to the same period last year.

This article was written by Justin Low at www.forexlive.com.

The common
saying is that 90% of traders lose 90% of their money in the first 90 days.
That’s not an encouraging statistic for someone who wants to start trading, but
there are some common reasons why most beginner traders fail and knowing them
can help you to avoid the same mistakes and increase your chances of success.

KNOWLEDGE

The first
mistake is to jump into the markets without enough knowledge. That’s like
gambling and if you don’t know what you are doing and why, then you won’t
survive for long. Just look at how many retail traders jumped into the markets
during the covid pandemic and eventually lost all the gains. There are
stories of lucky people changing their lives yeah, but they are very rare, and
the chances are the same as winning the lottery.

EDUCATION

The second
mistake is getting the wrong education from social media influencers whose
goals are just to sell courses and signals. You have to be careful when you
invest in education because “an investment in knowledge pays the best interest”
but an investment in the wrong education can be deadly.

CAPITAL

Once you
have some knowledge, you need capital. The rule of thumb is to trade only the
money you can afford to lose. DO NOT trade money you need to pay bills or to
live off of in general. If you do that, you will already set yourself up for
failure because the psychological pressure will be so high that you will easily
make all kind of emotional mistakes, from fearing of missing out to revenge
trading.

EXPERIENCE

Even if you
get the knowledge, skills and capital, the last thing you need to get is
experience. Real life experience can’t be taught, it’s something you acquire
through practice and mistakes. It’s the best teacher for anything in life. Yes,
you can learn from other people’s mistakes, but nothing can substitute your
own.

In fact,
many successful traders study the past experiences to better forecast the
future. A famous saying by Mark Twain goes like “history doesn’t repeat itself,
but it often rhymes” and that happens in the financial markets as well. The
business cycle repeats many times and the market most of the time follows the
same pattern of booms and busts.

UNREALISTIC EXPECTATIONS

The last
mistake is setting unrealistic expectations. Beginner traders think that they
can become rich quickly with trading.
Unfortunately, this is a lie that comes from social media influencers
and marketers who need to sell a dream to make money.

Just to put
things in perspective, the best traders/investors in history average around 30%
yearly returns in the long run. This includes traders like Druckenmiller and
Soros who once bet 200% of their fund on one single trade.

On the
other hand, we have social media influencers talking about things like 1% per
day or 10% per month consistently. You can see the huge discrepancy here. In
general, if you can consistently beat the S&P 500 returns over the long run,
then you are good.

FINAL WORDS

You should
approach trading/investing as a skill that will help you grow your wealth over
time, not something that will make you a millionaire overnight. It’s not a way
out of poverty or way out of your job.

Fall in
love with the process, learn every day, give yourself time to understand things,
don’t rush and enjoy the ride. Trading can teach you a lot of stuff, from
geography to history, from politics to economics. All of this will make you a
better person both in the markets and in your life.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

IronFX, an award-winning global leader in
online trading, is setting the standard in client experience through its
Complete Trader’s Toolkit – the ultimate destination of choice for traders of
all experience levels.

Through its holistic toolkit, the broker presents
unparalleled trading features to its clients, including advanced trading
platforms like MetaTrader 4 (MT4), generous ongoing promotions, and a wealth of
educational resources via the IronFX Academy.

Serving more than 1.5 million clients across 180
countries worldwide, IronFX’s enhanced product offering arms traders with the
best available trading tools, giving them the foundation they need to enter the
global markets with confidence.

Bespoke trading platforms

IronFX presents a comprehensive suite of trading
platforms including the internationally popular MetaTrader 4 (MT4), one of the
world’s most reliable and advanced options on the market, renowned for its
user-friendly interface, advanced charting tools, and support for automated
trading through Expert Advisors (EAs).

Clients can enjoy instant access to hundreds of CFD
assets and trade the world’s largest markets on a single system, with more than
500 instruments
from 6 different available asset classes including forex, metals, indices,
commodities, futures, and shares.

The broker offers the ultimate trading choice,
tailored to meet the needs of different traders, which is demonstrated through
the broad array of platform options provided. With IronFX, clients can choose
from MT4, MT4 Web Trader and the firm’s own proprietary Personal Multi Account
Manager (PMAM), with each application able to feature standard or custom
Virtual Private Server (VPS) Hosting integration, available upon request.

Ultimate trading convenience

In testament to its solid emphasis on delivering
innovative trading solutions, IronFX facilitates on the go trading through its
powerful mobile app, available on both Android and iOS devices. This brings the
full functionality of IronFX’s desktop platform to the user’s fingertips,
allowing traders to manage their portfolios and stay tuned in to the markets
wherever they are in the world.

Featuring an intuitive interface, real-time market
data, advanced charting tools, and a variety of technical indicators, the app
provides traders with greater trading flexibility. This not only enables them
to maintain their accounts from anywhere, but also provides a convenient way to
react swiftly to sudden price movements as and when the market direction
changes.

Importantly, the IronFX mobile app ensures a seamless
trading experience thanks to its full synchronisation with the desktop
platform, meaning traders can switch between devices without missing a beat,
with all data, preferences, and trading history being consistently updated.

Comprehensive educational
resources

IronFX has a solid reputation as a broker that is
truly committed to enhancing traders’ knowledge, as shown through its extensive
catalogue of educational resources, accessible for free via a dedicated section on its website.

Known as the IronFX Academy, it includes
well-structured forex courses, covering everything from the basics up to
advanced trading strategies, so that beginner traders can explore the markets
at their own pace.

There is also a sizable bank of online visual content,
including trading videos, webinars, and podcasts, which offer fascinating
insights into a range of subjects, including market trends, trading tips,
techniques, market analysis, as well as featuring numerous interviews with
leading industry professionals.

For those who prefer text materials, IronFX has all
bases covered, thanks to a range of published eBooks, articles, and a full
glossary of terms. These written resources provide an in-depth focus on a range
of important aspects of trading, such as trading strategies, technical
analysis, and fundamental analysis, helping traders to continuously expand
their knowledge pool.

Exclusive bonuses and
promotions

IronFX offers the chance to participate in regular
live and demo trading competitions, with the winners claiming unique rewards
and cash prizes. Meanwhile, the broker also presents a selection of exclusive
bonuses and promotions, each designed to boost trading potential and reward
successful clients.

Ongoing promotions include the 20% Iron Bonus, in
which traders can receive an additional 20% on top of their deposits, up to a
maximum of $2,000 (or up to $4,000 via the 40% Power Bonus). In addition to
this, the 100% Unlimited Sharing Bonus allows traders to double their initial
deposit and share in the profits earned.

To find out more about trading with IronFX, including
the full promotional terms and conditions, visit the broker’s website.*

*All trading involves risk. It is possible to lose all
your capital.

About IronFX

IronFX is an award-winning global leader in online
trading, with 10 trading platforms and more than 500 tradable instruments in
forex, spot metals, futures, shares, spot indices and commodities. Founded in
2010, IronFX serves retail and institutional customers from over 180 countries
across Europe, Asia, the Middle East, Africa and Latin America.

This article was written by FL Contributors at www.forexlive.com.

The technical look for the pair is no different from where we were here yesterday. The drop earlier in the week brings into focus key technical support near the 200-day moving average (blue line). And that is still where we are now ahead of the ECB and more US data later in the day.

The pair moved down on Tuesday to test the 200-day moving average, alongside the 61.8 Fib retracement level at 0.8883. That saw the drop get arrested, before a minor bounce yesterday. The bounce itself then stalled at the 100-day moving average (red line), which allowed sellers to push price back lower today.

It’s now a battle in between these two levels in identifying what will come next for USD/CHF.

Break below the key support region highlighted, and there is much room to run to the downside. On the flip side, break back above the 100-day moving average, and that is an opportunity for buyers to wrestle back some control after the break under 0.9000.

The potential trigger events today are the ECB and the US weekly jobless claims later today. If that doesn’t move the needle in USD/CHF, it will be over to the US jobs report tomorrow to settle the score.

This article was written by Justin Low at www.forexlive.com.