In Monday's show on 11th September, Markus decided to explain why he doesn’t like to trade forex currencies. Trading is a dynamic style of taking an interest in the stock markets. It’s equally important for traders to have strong trading strategies to make more winning trades than losing trades. Markus Heitkoetter, the CEO of Rockwell Trading, loves to share his trading strategies to help others in making profits from their trades.
Markus started the show inspecting key market indices and he found positive trends in all indices, excluding crude oil. Lower than expected impact of Hurricane Irma and silence from North Korea led markets to post gains in early trade, Markus said.
Getting back to the topic, Markus sees several drawbacks in forex trading. Actually, he thinks there are only few forex brokers left in the U.S. because U.S. authorities try to regulate the market which is an unregulated market.
The difference between currency pair quotes that brokers show on their website is the scariest fact about the forex markets, Markus says. He opened three different brokers websites and found a huge difference in their quotes.
On the other hand, he said stock markets always show the exact same quotes all over the world because they are being traded at an exchange, giving an upper hand to stock and options trading.
He tried to answer as many questions as he could at the end of the show. Moreover, he also showed stocks on PowerX Analyzer that got his attention that day. CSIQ was the first stock on the list and LL was the second. But, Markus doesn’t look much thrilled about these two stocks. SPGL was the third stock on the list and Markus like that stock. He also indicated to place an entry in SPGL today. Get these insights on the market live at rockwelltrading.com/prcoffee.
SOURCE: Press Advantage [Link]
Markus Heitkoetter founded Rockwell Trading in January 2005 with ONE goal in mind: To simplify trading and help day traders achieve their goals. Since then we have helped over 340,000 traders from more than 38 countries. Visit us at rockwelltrading.com
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