Recommended Forex Brokers

Forex Brokers can be fraudulent, they can manipulate price, they should be regulated and have a degree of trust through experience. At this time, PardoFX can only recommend the following Forex Brokers through team experience. There is only one rule here, it must be regulated to some degree. Unlike every other Forex site, these clickable links are not affiliated with personal accounts, they are purely recommended from our traders. Obviously conduct your own research before you choose a Broker suitable for your needs.

Forex.com is a very well respected broker with the added bonus of being able to trade straight from the Trading-view Charts. They do have a higher spread than most though, if you’re a longer term trader this is an excellent option.

Leverage (Majors)- 1:30

Crypto Capable – No

FXCM is my personal choice due to being highly regulated and having a Spread-betting account for UK customers meaning gains are not taxable. Their charts are also the best on Trading-view, although you cant physically trade on there.

Leverage (Majors) 1:30

Crypto Capable BTC only @ 1:2

Pepperstone is very similar to FXCM in that it is safe, boring & reliable. The cTrader platform is very good in place of Metatrader, but their charts are not on Trading-view.

Leverage (Majors) – 1:30

Crypto Capable – BTC, BCH, LTC, DASH @ 1:2

IC Markets is a very popular Aussie regulated broker that we recommend as a high risk broker, offering huge leverage it is easier to blow an account but you are able to hold many more trades on a smaller account. If you use them, make sure you apply correct risk management. Offers the very good cTrader platform

Leverage – 1:500

Crypto Capable – BTC, ETH, DASH, LTC, BCH, XRP, EOS, EMC, NMC, PPC @ 1:5

Getting ready for the Bottom

Before we start, lets make it clear that I am not a signal or Investment advisor, and I am not qualified to do so. This is my opinion only, and do your own research before investing into the Crypto markets. Of course only invest what you can afford to lose.

Now, I know little about Crypto. My focus & success previously is generally around how established, accessible and reactive specific coin markets are. Its common sense really, as is everything in PardoFX.

Bitcoin. Is it at the bottom? Not yet. Is it near the bottom? I believe so. And with the bottom comes the turn in all Crypto markets. Even the best coins cannot gain in the current climate as the dependency on Bitcoin continues. What are the indicators of a reversal? Well look at my previous Bitcoin posts.

Capitulation has well and truly set in amongst emotional Crypto Traders, which is the single largest Bullish indicator for a reversal. Since the collapse of the support at $5800, the selling has been crazy. If you believe in the technology and value long term of this technology then you will have no qualms about getting back into the markets at a level that is suitably low that the risk is minimal. My aim is at $3000. When this is met I will look at investing into coins that I believe will give me the best chance of making good profits. $3000 is key because not only is it a significant level of support but it is also very important when it comes to mining BTC, it is generally accepted that it will no longer be profitable to mine Bitcoin below this area. And with that in mind there should be alot of support in the industry for keeping this level intact.

Accumulation will ideally begin here, if we see some high volume transactions take place or we use candlestick identification to establish a ground of manipulation we can look to enter. Even if we get in at 3k without that, I believe it could be a calculated risk that long term could leave you much, much better off, even after some initial portfolio loss. Lets not forget all the poor souls that invested at 6k, 10k, and even 20k. 3k gives us a minimal risk margin. The main risk will become the coins themselves, so to minimise that my main interest will be in the coins below.

Coinbase, love it or hate it, is the easiest, most accessible and best known Cryptocurrency Exchange for beginners. So it would make sense to invest in coins available to trade here. Now if you’re in the UK, you dont have access to buy/sell some of these Alt-coins outright with FIAT, but our American friends do. However we are available to trade them on the PRO version. Within Coinbase there are 3 coins outside the top 10 which could erupt when Volume enters the markets. Ethereum Classic (ETC), Basic Attention Token (BAT), and 0x (ZRX) which are currently trading at well below the prices that were available even before they were added to the Coinbase platform. We know they are established, because otherwise they wouldnt be on Coinbase, but do your research. I recommend Coincheckup for a quick glance and you will see that these coins are all highly rated. In fact ETC and 0x are among the most highly rated coins on there. My focus will be on these as I think they are extremely undervalued, and should rise substantially with any bullish traction in the markets. The main basis for investment is common sense, what did I do when I started in Crypto? I went on Coinbase and bought anything that was available. Im looking for others to do the same. Already holding a Bulk of LTC and ETH, and with no interest in Bitcoin or Bitcoin Cash, I think the value is in the hidden gems here. If you dont have a Coinbase account, click HERE to get one.

Continuing on on this path of Exchange Volume, im also looking at up and coming Exchange platforms, and coins offered there. Kucoin (KCS) but also Binance (BNB). Although Binance is already very well established of course. Kucoin is the pick of the exchanges here. Common sense dictates that with volume in the exchanges comes volume within that exchanges asset. KCS is available for $0.5 after an All Time High of $17, plus it will also reward you in commission and by paying less trading fee’s. I do believe Kucoin will become the next big exchange when the next run happens, the assets available to trade are fairly extensive and the platform itself is easy to navigate. The basis is, with exchange volume, comes exchange value. I expect Kucoin to do very well in this regards so my 4th and 5th targets are KCS and BNB but primarily KCS. You can sign-up for a Kucoin account HERE, or/and a Binance account HERE.

Other coins that I believe are dirt cheap and fantastic prospects long term are Stellar Lumens (XLM) and Electroneum (ETN). Stellar is already a top 10 coin, and I firmly believe ETN will be within the next 6 – 12 months. Im not going to go into detail on why I am targeting these coins other than dirt cheap prices, as I don’t need too, check the projects out yourselves.

Therefore in conclusion I will be looking to gain substantial amounts of BAT, ZRX, ETC, ETN, XLM, KCS & BNB when the bottom hits. Because to me thats common sense based on probable Volume plus two projects that I believe are very much worth investing in. Of course everyone disagree’s on this stuff, and I dont provide signals. This is just what I will be focusing on.

Pardo.

Aston Martins & Balconies

Today I announced the impending arrival of Blash Strategy Version 4, now that may mean nothing to you and that’s fine. But essentially its not a strategy, its a trading philosophy based on common sense. Version 3 was 35 pages long and is revered by those that follow it as a bible in common sense trading.

It got me thinking about all the common failures you see within every Facebook trading ad, and the people it attracts. Everyone loves a get rich quick scheme, you are easy money for these vultures. If you sign up to a service because you see a post of someone leaning across an Aston Martin’s bonnet, you may as well throw your money into the autumn bonfires. You’ve lost the game before you even begin.

It isn’t about money, it really isn’t. Its about life, its about wanting to be free, its about keeping hold of and compounding your savings as a percentile not a dollar sign. Not throwing 50% account risk on a Bitcoin buy because some moron on Instagram told you to do so when you joined their Whats-app group. If you want to grow your funds, put in the time to educate yourself, ignore the money and find what works.

These people in their flashy cars, generally pay a lease. A lease bought with yours and everyone else’s subscription fee’s. Fast cars are not the answer to life problems. My 1.6 Renault Megane with the window that doesn’t open and the squeaky wheel bearing, that does me just fine. Common sense does not dictate that I waste money on a flash car at this stage in my life. Discipline within Forex should transpose itself into everyday life, including how you spend your money & how you treat your family. It doesn’t need to be used to entice poor individuals into becoming emotional about money before they have even begun treading the trading journey. I find it funny that everyone apparently owns a penthouse apartment and leaves their laptop open on a coffee table with an MT4 chart on display with a beautiful view. You don’t really fall for that do you?

When you think about what you actually get out of these schemes, you literally have a return of 0. If you’re lucky they may teach you some basic’s about their personal strategy which is the best ever created and so you can hugely over-leverage your account to be part of the action. A little lesson for you, something that may work for them probably wont work for you. There is no sustainable value for you, even if you do gain a little money, education is far more valuable for the longevity of your trading career. I’ll summarise 90% of these groups up for you.

  1. Short Time-frame
  2. Oscillator indication used in some way to show overbought / oversold levels.
  3. Multiple Lots at huge account risk.

What you’re not told is that price can stay overbought/oversold for hours on short time-frames, that’s where you lose your money. Because the trade goes against you and your account blows, but its not your fault, because you don’t know any better.

That’s why we don’t show you that stuff here. I can show you trade idea’s before and after, I can show you how to enter and find confirmation, its a large hand guiding you down your own path using your own style in conjunction with common sense trading under the umbrella of Blash philosophy. Its nothing fancy, there’s no hype, there’s no bullshit. Its just trading. I can show you how to make 20% a week, its happened many times here. With just 2% risk per trade. We’re talking about losing pocket change if for some reason it doesn’t go your way. Its a no brainer.

I want longevity in a trading team. In a shorter time than you think, you will be helping me and others around you instead of their being a focal point of one trader. Its already like that here, its brilliant.

If you agree with me, share this post. If you don’t, call me on it.

Bitcoin Hopes & Dreams

“Technical Analysis doesn’t work” they say, as Bitcoin is supported at the $5800 – $6000 threshold once again, work that one out. Sure, it clearly doesn’t work, as it rejects continually from the downtrend line.

“People using Technical Analysis only they see what they want to see” they say, yet here I am holding many thousands of £ worth of coin’s, still looking at a descending Triangle with a consolidated flag back up to the top.

btc daily

You’re right, everyone, it will breakout soon, that’s what happens when its squashed in like this. Unfortunately it may not be in the direction we both want.

btc 4hr

Wheres the volume people? There is no accumulation here, not really, there is no bullish rejection, price is just floating. No-one is committing right now, after all the outrageous post’s about impending Bull-Run’s and over the top price estimates for year end, there is still no commitment.

My opinion? If this beast is going bullish again, then lurking in the midst’s around the 3.5 – 4k mark is a whole host of banks, hedge funds, institutes and Whales waiting for the absolute best price. We aint going anywhere without huge investment from outside the Crypto community. I dont reckon we can do it on our own, look out for Volume and wait for the rejection as low as possible, then enjoy the slow, steady push back. I hope you like playing the long game.

Of course now I’ve posted this the Bull-Run will establish itself (Sods Law) and believe me, I hope it does. Lets see if it does finally push out of this formation, and if it does, I’ll be ready for that retest because ‘Technical Analysis’ is very much valid, and always will be, to enable you to find an edge in the market, as long as you are mechanical in your Bias.