2020 A Year to Remember, A Year to Forget: The Monumental Events We Should Learn From

2020 was a rough year for everyone.  Forest fires, economic decline, diplomatic tensions, the infamous Covid-19 pandemic, global lockdowns, and a lot of suffering, despair, and lives lost. It’s not a stretch to call 2020 one of the worst years in our lifetime. 

Still, this year had some redeeming features. Sure it was bad, but it was not all bad, especially for traders who are prepped for the ups and downs of markets. As far as traders are concerned, there’s always an opportunity to be taken advantage of or a lesson to be learned, so let’s take a look at 5 lessons that 2020 gave us, and 5 events that would be best forgotten.

5 Things Traders Should Remember

  1. Elections can be a trader’s best friend

This year’s US election was one of 2020’s most anticipated events. Everyone was curious to see if Donald Trump will secure yet another shocking victory and traders geared up to take advantage of market volatility and trading opportunities.

With Trump up for re-election, anything could have happened, and that kept volatility high in the markets. Volatility continued to pick up as Joe Biden captured enough Electoral College votes to win the US Presidency while Trump challenged states to vote recounts, and has, to date, not yet conceded the election. 

Every trader looks for a rise in market volatility for potential opportunities. That’s why the 2020 US election was a welcome end to the year. 

Divisive elections are not an anomaly. So remembering how the markets performed, where the smart investments were, and the strategies that paid off will prepare you for the next round of elections in 4 years, that may give us a rerun of Trump Vs Biden.

2. Traders should always expect the unexpected

Having an open mind and a flexible trading plan really paid off this year. As the saying goes; “What doesn’t bend, breaks”. This year posed many unexpected market movements thanks to an unexpected pandemic and unprecedented lockdowns.   

While no trader can ever know 100% what’s ahead, part of a trading plan is having alternatives in the case of any unexpected changes. This helps you reduce emotional reactions to plunging and spiking markets.

So remember to be flexible and expect the unexpected because that’s what’s most exciting about the markets.

3. Gold is indeed golden

When the world went into a lockdown and indices began to fall, the whole market felt the tremors. As a result, investors turned to gold, and the yellow metal experienced record-setting highs. While currencies were declining, gold was shining. 

At a 7 year high, gold became the go-to safe haven for investors and traders who were searching for the right asset in this time of crisis. Use this example to remember why gold has always been viewed as one of the steadiest assets out there. 

In 2020, it definitely lived up to its title, performing exceptionally well in an extremely uncertain situation. That’s a good thing to remember when you’re making trading decisions in the future.

4. Patience is a gift to a trader

It’s probably safe to say everyone’s patience was really tested this year. Through lockdowns, on and off social measures, not seeing loved ones, and experiencing job loss, to name a few. This year was challenging, even for the most patient people. However, traders know very well that markets can be just as challenging on a regular basis, and it is in exactly these types of situations that it’s important to exercise your resources, flex your muscles, and develop your skills.  

As a trader, you can apply the same tactics you used to make it through the lockdowns, in your trading. Be steady, stay organized, construct routines, take time before making decisions, and assess situations as you go to deal with them properly.

Those with patience were rewarded this year. They were better equipped to handle the markets. It’s a good time to appreciate the gift of patience, and further develop it.

5. Look for the silver linings

No matter how dark 2020 was, and whether you’re a trader or not, it’s important to learn how to find the silver linings in any situation. 2020 propelled technical innovations, new online businesses, and more trading opportunities than the world had seen in a long time. 

The whole world adapted, quickly shifting to online, an environment traders are very much used to and prepared for. That’s why for millions of traders around the world, 2020 meant more free time to trade, more resources to level-up your skills, and more market volatility to take advantage of. Whatever challenges 2021 brings, remember to focus on the silver lining.

5 Things Traders Can Forget 

  1. Free time to trade during lockdowns

Who’s going to forget 2020’s global lockdowns? They were tedious, disruptive, and surreal. They were unlike anything the world has ever experienced collectively before. 

If you were a trader, however, it was a blessing in disguise, giving you more free time at home to focus on your trading account. This led to a noticeable spike in trading volumes worldwide. However, having the freedom and time to trade, while daytime jobs are shut down is a luxury that will probably never come around again.  

We may see smaller lockdowns over the next year, but major lockdowns may be a thing of the past, so feel free to erase their memory. It’s important for you to keep your pre-lockdown trading routine and schedule intact.

2. Unprecedented market behaviour and high volatility

The economy went through a topsy-turvy ride in 2020. These weren’t normal times, with unprecedented surplus programs and astounding amounts of money injected into the economy. The effect was massive, with many assets, especially stocks reacting abnormally and unusually to indicators.

It created a level of volatility that was almost entirely unprecedented in the financial markets, and those peaks and plummets, while they were sometimes great for traders, will not likely continue happening. 

So as you say goodbye to 2020, you may also want to put these economic conditions behind you and re-adjust to more normal markets. Now is the time to refine your strategies, and assess opportunities in less volatile times.

3. March 16th – the day the stock market stood still 

March 16 will forever go down as a black day in the history of the Dow Jones Industrial Average. 

As investors woke up to the massive impact of Covid on the economy, the markets collapsed. Selling was so extreme that trading on the New York Stock Exchange stopped for 15 minutes. It was the third time that a circuit breaker was triggered that week. On that day the Dow plunged 2,997 points amid Covid fears.  It was the worst single-day drop since 1987. 

It’s not a pretty thing to remember, and there’s really no need to. Analysts are predicting 2021 will signal a turn for the markets, with the vaccines now showing great promise and a new US president promising global economies more stability.

4. Oil’s biggest drop in history

On April 20, 2020 US oil prices turned negative for the first time in history. Lockdowns dramatically reduced traffic movements and travel bans almost eliminated airline’s oil purchases. The price of WTI crude oil was so severely affected by the lack of demand, that the barrel carrying the oil became more expensive than the oil itself. 

While we may still be shocked by the fact that oil dropped to negative territory, that was over 7 months ago, and the oil market has been recovering. It’s also showing signs that it will continue recovering well into the new year. 

Therefore we can put this massive drop behind us, as we look forward to a surge in oil prices as the world returns to driving cars and traveling more frequently. 

5. USD’s massive losses

The USD saw some dark days this year. In fact, it suffered its lowest point in history, dropping 11% by the end of the year from its 2020 peak. 

The accumulation of US debt during the pandemic combined with the overall uncertainty of the economy affected the dollar’s performance, which declined heavily against the EUR. 

There are several reasons for the USD’s decline, two significant being the Trump administration pouring the USD into the market to stimulate growth when the lockdown began in March and further pressure was piled on by the US Federal Reserve’s pledge to keep rates at their record low. Signs show that the USD will likely see more decline in the foreseeable future. 

However, assets have highs and lows, and as the new year progresses, the world’s biggest currency will most likely regain its strength. So, don’t depend on the USD’s weakness as a norm for the future. 

2020 was definitely not a smooth ride for anyone, and there was a lot to adjust to, especially for traders who have faced the personal effects of the lockdown as well as the challenges of the market. But seeing the silver lining and learning from market movements and mistakes, is the best way to come out of this year triumphant. 

FBS Personal Area is in Polish Now

FBS, a reliable CySEC licensed broker, has announced that the Polish language is now available in both web and app versions of the Personal Area (PA). The Polish language is widespread among European traders. Many of them prefer to use trading products in local languages. It makes the whole trading experience much more convenient. And FBS gives them such an opportunity. From now on, Polish-speaking traders are able to set their trading process in the language of their liking. 

FBS is continually improving the quality of its products. The company has more than 11 years of expertise in the market and appreciate the feedback from the clients. That is why the company presents a new language option. 

FBS Personal Area connects traders with the trading platform of their choice. In the PA, traders create new accounts, manage their funds, check the transaction history, provide personal details for secure trading, and even more.

What is more, FBS created its own application called FBS – Forex Broker, where clients can use all the web PA functions. The user-friendly app is available for Android users. Get it on Google Play and check out the local language.

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

FXTM Launches Innovative New Indices and Introduces Zero Spreads on Major FX Pairs

FXTM, an Exinity Group company, announced the launch of 11 innovative new indices offering clients new ways to trade the FX majors and popular market sectors.

The new products, promoted as new Currency and Stock Baskets, include six FX indices monitoring the performance of EUR, GBP, USD, JPY, AUD and NZD against baskets of other currencies, as well as creative stock indices reflecting the performance of Social, Green, Space, Mobile and Vegan-related companies. 

The company also introduced zero spreads on major FX pairs on its ECN account, with commissions that can go as low as just $0.2 per lot.*

Commenting on the news, Exinity Group’s Chief Dealer Charis Mountis said: “In 2020, the heightened volatility in financial markets have brought renewed interest in the retail trading space. To help our clients seize even more trading opportunities, our trading team has devised these creative currency and stock indices, combined with zero spreads on major FX pairs  — enabling clients to make the most of out every trade with us”.

Many of the new indices are already proving popular among FXTM clients. A full list of the available indices includes:

  • EUR Index
  • USD Index
  • JPY Index
  • GBP Index
  • AUD Index
  • NZD Index
  • Social Index
  • Green Index
  • Mobile Index
  • Space War Index
  • Vegan Index

*While spreads for EURUSD and GBPUSD will typically be at zero for most of the time on the ECN account, FXTM cannot guarantee spreads will always remain at zero, especially during volatile times. Commission on the ECN account is floating and depends on trading volume and equity. 

New indices are available on ECN MT4, while zero-spreads are available across ECN MT4 and MT5.

For more information on FXTM’s new indices, please visit here.

FXTM is an international online forex broker offering financial services in forex, CFDs on spot metals and CFDs on Commodity Futures, Indices and Shares.

FXTM brand is authorized and regulated in various jurisdictions. ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475. Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295. Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority, firm reference number 777911.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.”

The USD Drops to 30-Month Lows, What’s next?

The US dollar has been dropping nonstop since the election in early November, and it has declined to 30-month lows this week, with the dollar index trading at around 91.40.

Moreover, the index dropped to new lows from a technical analysis perspective, which confirmed the bearish bias. That has pushed the EURUSD above the important 1.20 level for the first time since the summer 2018.

As the new Biden administration leans toward socialism and wants to erase student debt, unleashing massive fiscal spending, combined with an even more massive monetary stimulus, investors have been dumping the greenback.

The Federal Reserve (Fed) is expected to unveil more stimulus at its December meeting, which might be another hit for the USD. 

That bearish impetus is there to stay for many months; therefore, the USD might fall further. Moreover, judging from rising equities, sentiment in the markets remains positive. 

Additionally, US inflation will probably noticeably rise, which is already being reflected by falling US (real) yields. In this kind of environment, the USD should remain under pressure. 

Regarding the EURUSD pair, as long as it trades above 1.20, which is the crucial support now, the short and medium-term outlook seems bullish. 

The next target for the pair should be at 2018 highs near 1.25. However, judging by the recent spike, we might see some days of consolidation soon. 

Pepperstone broker granted Germany’s BaFin license

Pepperstone review

Award-winning online FX and CFD broker Pepperstone has started his operation under its German license granted by the local regulator BaFin. The new operation will strengthen the broker’s fintech offering to the German speaking world in its 10th year of operation.

Find out more about Pepperstone’s range of instruments and markets available to traders here.

“We’re entering the sophisticated markets of Germany and Austria to offer our clients what they are looking for: Best execution and pricing in combination with an outstanding service to help our clients to master their trade” said Tobias Reichert, General Manager of Pepperstone GmbH. “We have a particularly experienced team here in Germany, and are united with the group’s genuine commitment to helping our clients on their trading journeys.”

“This year marks the 10th anniversary of Pepperstone and we are excited to celebrate it with the start of our operation in Germany.”

As one of the largest MetaTrader brokers in the world, Pepperstone’s vision is a world of digitally-enabled trading for traders to embrace the challenge and opportunity of global markets.

Pepperstone was first established in 2010 in Australia, where it has received multiple awards from the notable Investment Trends for customer service, spreads and support. In 2019, Pepperstone was rated number one for overall client satisfaction and platform features.

Disruptive and agile, the financial technology company has more than doubled in size over the past two years as well as expanded and tailored its product offering into hundreds of new markets.

“Thanks to our team in Germany, Pepperstone can establish even closer ties with our clients in the German speaking world. Germany is one of the most exciting European countries and we look forward to bringing our expertise and technology to the local investors,” said Tamas Szabo, Group CEO of Pepperstone.

“It’s been a huge year for the business. We’ve launched a number of offices in multiple jurisdictions. This growth is testament to our agility, ambition and dedication to delivering what our clients need and want. We’re excited about Pepperstone’s future in the region.”

About Pepperstone

Established in 2010, Pepperstone is now one of the largest MT4 brokers in the world. The company has subsidiaries across the globe and holds licenses issued by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA), the Capital Markets Authority of Kenya (CMA), and the Securities Commission of The Bahamas (SCB).

Orbex Celebrates 10-Year Anniversary

Global financial services provider Orbex recently celebrated its first decade in operation as a regulated FX broker. 

The celebratory event occurred on October 17th, 2020 in Limassol, Cyprus, the town the company has called home since its inception in 2010. 

The evening brought together members of the HQ staff, Orbex business partners as well as his excellency the Mayor of Limassol and various esteemed members of the Limassol Municipality, in a gala filled with music, fireworks and gifts of appreciation.

The 10-year anniversary was not the only milestone being celebrated, however, with a host of other accomplishments marking this year as a success.

Most notably, the company recently enhanced its trading conditions and account types, offering its clients spread as low as zero. 

The company also continued its 10-year streak of a 100% clean regulatory record, a remarkable achievement considering the strict European framework that CySec-regulated firms must abide by.

“It is a testament to the values that Orbex is founded on that the company has maintained a decade of strict adherence to the rules of our nation’s highest regulatory authority. I am proud today to celebrate this occasion with a local company that leads by example” said Limassol Mayor Nicos Nicolaides

The anniversary comes just one year after Orbex secured its FSC license under Orbex Global Ltd., considerably increasing the number of clients the company is geographically able to serve across the globe, as well as significantly raising the available leverage for those eligible to trade with the Mauritius-based Orbex entity.

“When I started Orbex in 2010, I wanted to establish a financial services firm that was known first and foremost for its ethics and transparency. Now, one full decade later, I am beyond proud of the reputation we have built and the loyal community of traders we have created” said Orbex Chairman Abdullah Abbas. 

In addition to the regulatory developments and expansion of financial tools, this year, Orbex also brought home the title of Best Forex Broker 2020 MENA & EU, awarded by Global Banking and Finance Review. 

This award has been added to the impressive list of titles Orbex has obtained over the years, including “Best Trading Education Provider”, “Best Analysis Provider” and “Best FX Forecast & Strategy Provider”, in keeping with the company’s philosophy of promoting an informed and responsible approach to the forex markets. 

“I stand here today humbled by many things; by the hard work and dedication of the Orbex team, by the successes that we have achieved, and by the bright future I see for our brand in the years to come. I am beyond excited to enter this new decade, more passionate and dedicated to serve traders responsibly than ever” Abbas Added.

About Orbex

Orbex Limited is an award-winning global forex broker, fully licensed and regulated by CySEC. Headquartered in Limassol, Cyprus, Orbex specializes in the provision of access to the world’s largest and most liquid financial markets.

Orbex Global Limited is fully licensed and regulated by FSC Mauritius and headquartered in Ebene, Mauritius.

The companies offer multiple asset trading including forex, indices, commodities and metals. With a focus on research, analysis and enhanced security of client funds, Orbex upholds a reputation of seasoned expertise within the industry.

FBS Gives Presents Daily in Christmas Advent Project

FBS announces a new project called FBS Christmas Advent. It is an Advent Calendar – one of the main symbols of European Christmas. For the whole month of December, anyone can participate in the project and get the FBS presents. 

Starting from December 1, the participants can open a cell in the calendar daily and get a random gift to catch the Christmas mood. The multitude of gifts are stunning – stylish merch from FBS, exclusive analytical lists for traders, educational materials of different types, videos, books, and courses. Educate yourself, trade, enjoy the holiday with presents from FBS. 

The FBS Christmas Advent Calendar is active until December 25. On December 29, the live stream will be held on the official FBS Facebook page where the grand prizes will be drawn among all the participants. The grand prizes are iPhone 11 Pro Max, an FBS trader pack, or a personal consultation with FBS analysts. 

There are no special rules to participate in the project:

1. Go to the FBS Christmas Advent site.

2. Enter your email. 

3. Open a gift in the calendar every day on December 1-25. 

4. Wait for the grand prize draw on December 29. 

Join the project and get presents daily before Christmas to get in the holiday mood with FBS, a reliable Forex broker by your side. 

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

Pepperstone acquires CySEC license

Pepperstone review

Award-winning online CFD broker Pepperstone goes from strength to strength with its official launch of commercial operations in Cyprus under its CySec license, securing certainty for European clients ahead of Brexit.

Pepperstone is built on an uncompromising level of service for all its clients, underpinned by some of the best prices and execution speeds in the industry.

Find out more about Pepperstone’s competitive pricing across indices, forex, gold, share CFDs and more at https://pepperstone.com/en-eu/

Victor Zachariades, Head of Cyprus at Pepperstone, confirmed that the broker has now officially been granted its Cypriot licence, a move to not only secure the company’s Brexit planning, but to also drive the company’s planned expansion in Europe.

“We’re now pleased to be officially operational under our Cypriot license.” said Victor Zachariades. “Our European operations ensure we’re well-placed to deliver our global commitment to our clients while providing products and services people can trust.”

Tamas Szabo, Group CEO of Pepperstone, added “This year marks the 10th anniversary of Pepperstone and we are excited to celebrate it with the achievement of our new Cyprus license.”

As one of the largest MetaTrader brokers in the world and one of the most awarded for its exceptional personal attention to clients globally, Pepperstone is uniquely positioned for its growth targets in major financial hubs around the world.

Pepperstone was first established in 2010 in Australia, where it has received multiple awards from the notable Investment Trends for customer service, spreads and support. In 2019, Pepperstone was rated number one for overall client satisfaction and platform features, including ease of withdrawal, ease of platform use and more.

Disruptive and agile, the financial technology company has more than doubled in size over the past two years. The broker shows no signs of slowing, with a laser focus on continuing to deliver the best quality pricing, speed and service to experienced traders.

“It’s been a huge year for the business. We’ve launched a number of offices in multiple jurisdictions. This growth is testament to our agility, ambition and dedication to delivering what our clients need and want.” said Tamas Szabo, Group CEO of Pepperstone.

About Pepperstone

Pepperstone is an award-winning online CFD broker regulated in multiple jurisdictions around the world and trusted by thousands. Trade CFDs on forex, indices, commodities and more with great prices, execution speeds and exceptional client support . Pepperstone is regulated by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySec), The Capital Markets Authority of Kenya (CMA) and the Securities Commission of The Bahamas (SCB).

Meet Fresh Updates in FBS Trader App

FBS announces a grand update of its all-in-one trading platform FBS Trader. This brokerage app allows trading on the go from a mobile device using handy Forex tools from anywhere, any time. This time, the prevailing number of improvements refers to a traders’ dashboard and its convenience for the clients. 

With the updated Trading Platform, traders get the possibility to set the outlook of the dashboard to make it more operable and suitable for the needs. New updates bring the following changes:

  • Sorting out of the trading instruments according to four main characteristics is now available: 
    • Most traded
    • Most volatile
    • Top risers
    • Top fallers
  • The categories of trading instruments are on the dashboard page now. 
  • There are no limits to favorite instruments.
  • The possibility to customize the card order. 
  • A new way of deleting cards from the favorites – place them in the recycle bin.  

From now on, trading with the FBS Trader – Reliable Forex Trading Platform app becomes more personal. Traders can control the dashboard and move the elements’ order in the way they would rather prefer to have. The new update brings joy for those clients who have Android mobile devices. However, FBS releases an iOS version of the app soon. 

FBS is an acknowledged, CySEC licensed international online Forex broker and the official trading partner of FC Barcelona. FBS is a broker with an international outlook that serves clients in Asia, Latin America, Europe, and the MENA. Its primary focus lies in offering financial products for currency, metals, and indexes trading for clients with different goals and backgrounds. The company features a low barrier to entry and top-ranking apps. Over 11 years in the field, the broker won 50 international awards, including Best International Forex Broker, Best Forex Brand, and Most Progressive Forex Broker Europe.

Exinity Group receives CMA license from Kenya

Exinity Group has announced that it has obtained a license from Kenya’s Capital Markets Authority (CMA) to operate as a regulated non-dealing forex broker. The Group joins just three other brokers who are regulated to offer trading services including forex to retail clients in Kenya.

This new license is the latest addition to Exinity Group’s regulatory portfolio in the Africa region, joining licenses from the Financial Sector Conduct Authority of South Africa and the Financial Services Commission of the Republic of Mauritius.

Commenting on receiving the CMA license, Olga Rybalkina, CEO of Exinity Group said: “Kenya is one of the most exciting emerging markets in Africa, where enthusiasm for trading and investing is at an all-time high. It is renowned for being one of the fastest-growing economies with an innovative regulator such as the CMA. Acquiring the coveted license fills us with confidence and great anticipation for our future in this dynamic region”.  

“In the coming months we will be launching innovative risk-based trading and investing solutions designed to help ambitious individuals capture opportunity in the financial markets”.

Newly-appointed Country Manager of Exinity Capital East Africa, Duncan Kinuthia, added: “Exinity’s services will combine low cost access to global financial markets with insight and coaching from market experts and personal support, all accessible through an innovative mobile app designed for those new to trading or investing”. 

“More experienced and demanding traders will be served by an unrivalled offering on the MetaTrader platform with spreads from zero and commissions of just $0.20 per lot”.

“We are in the process of setting up our new East Africa hub in Nairobi and look forward to welcoming new clients in 2021”.

About Duncan Kinuthia

With over 17 years of experience in the financial services industry after working with some of the largest commercial banks in Kenya, Duncan has an avid interest in the fast-moving financial market after having traded for commercial banks as well as raising equity for SMEs in Kenya. Duncan is a firm believer of “Change is the only constant in life”, he enjoys taking up new challenges in the financial market space and help businesses reach their full potential.

About Exinity Group

Exinity Group is a new global wealth engine backed by over 20 years of experience in trading and investment. The Group is home to its various retail businesses including Alpari International, ForexTime (FXTM) and new retail offering under the same name, Exinity. Our story goes back to the first days of online Forex trading with the founding of the Alpari Group in 1998. A pioneer of the MetaTrader platform, Alpari expanded rapidly in the world’s emerging markets and was joined in 2011 by our sister brand, FXTM. Together, both brands have established a strong global presence in online trading, serving over two million clients in 180 countries from regulated centres across three continents. Exinity, our new wealth engine solution sits alongside our established forex trading brands and AcruPay, our new money transfer and payments service.