Share Industry Insights and Discuss Forex Market Trends - India

Event Introduction:

Attention, both Forex novices and experts! The opportunity has arrived!

Every week, we will select popular posts and outstanding comments. 10 winners of the posting activity will each receive 20 USDT, and 20 comment winners will each receive 15 USDT! Not only are there cash rewards, but your ideas will also inspire more partners to share their Forex insights!

Every quarter, we will select 10 “Business Insights” awardees who will not only win a bonus of 300 USDT but also have the chance to shine on our community and WikiFX's official social media, showcasing their trading wisdom and influencing like-minded individuals!

Posting Rules:

1. Each user can participate in the topic posting activity daily through the App-Posts.
2. The winners will be announced weekly on the official account [WikiFX Activity].
3. Each week will settle posts and selected comments from the previous natural week.
4. Posting: Users must successfully post under the activity topic in the [Posts] section.
5. The topic must be included in the title.
6. Each user can participate in posting and interaction simultaneously each week; the two awards do not interfere with each other, and users can win only once in each activity within a week.
7. Users cannot win in multiple countries/regions at the same time through posting and interaction; if they do, it will be considered invalid.
8. Posts must align with the topic and be original while adhering to local laws and community regulations within the app. The official team reserves the right to revoke any user's winning status due to illegal/violating behavior and retains the right to pursue accountability.

Interaction Rules:

1. Each user can participate in the interaction daily through the App-Discover-Posts.
2. Winners will be announced weekly on the official account [WikiFX Activity].
3. Each week will settle posts and selected comments from the previous natural week.
4. Interaction: Successfully comment, like, or share under the activity topic posts.
5. Each user can participate in posting and interaction simultaneously each week; the two awards do not interfere with each other, and users can win only once in each activity within a week.
6. Users cannot win in multiple countries/regions at the same time through posting and interaction; if they do, it will be considered invalid.
7. Comments must align with the topic and be original while adhering to local laws and community regulations within the app. The official team reserves the right to revoke any user's winning status due to illegal/violating behavior and retains the right to pursue accountability.

Event Duration:

Posting and Interaction: December 9, 2024 – December 30, 2024

Reward Distribution Time:

For users who win weekly in posting and interaction, they need to contact and submit their winning information within T+1 week; failure to do so will be regarded as forfeiting the prize (quarterly and special winners have 15 days to submit their winning information). Weekly rewards will be credited directly (to the ForexPay wallet). Users should actively upload their posting records and ForexPay wallet addresses in the online form published by the official account. The amounts earned and weekly results of predictions can be checked in the records published by the official account.

1. App - My - Feedback
2. WikiFX's official accounts on various social media
3. WikiFX community administrators/group owners on various channels
4. App - Official accounts prize information form

Winning Rules:

For Posting:

1. Users must successfully post within the natural week; withdrawal or violation will be considered a forfeiture of the prize.
2. Each week, ten posts with the most comments (within the natural week) will be selected, and the winners will each receive 20 USDT.

For Interaction:

1. Users must successfully post comments within the natural week; withdrawal or violation will be considered a forfeiture of the prize.
2. Each week, twenty comments with the most likes + interactions will be selected, and the winners will each receive 30 USDT.

Activity Topics:

A.#BOTBRO

B.#Yoker Capital Markets

C.#Annual Investment Sharing

Other Rewards:

Quarterly Rewards: (Users with monthly winning posts and comments can also participate)

The top ten users with the most interactions (total comments + likes, and at least 20 posts during the quarter) can be named “Quarterly Business Insights” and receive a reward of 300 USDT per person. They will also be featured as outstanding sharers within the app for one week.

Format (WikiFX's most popular community star of the month: Business Insights leaderboard, logo + user homepage + visual of the winning post)

Special Rewards: (Users with annual and monthly winning posts and comments can also participate)

This month, the official will randomly select five users from the quality posts. Each user will receive a reward of 200 USDT and be named “Annual Sharer,” showcased as outstanding sharers in the app for one week.

Note: The selection criteria will consider, but are not limited to, interaction levels, Forex judgment, lifestyle sharing, etc. Quarterly and special winners have 15 days to submit their winning information.

Example:

#Annual Investment Sharing (title must include “Annual Investment Sharing”)

Hello everyone! Here, I would like to share my investment experiences from 2024, hoping for extensive discussions to enhance our industry judgment together on WikiFX.

In 2024, the Federal Reserve's monetary policy path has been a focal point for the market. At the beginning of the year, the market generally expected the Fed to start a rate-cutting cycle; however, as the US economic data fluctuated, expectations for rate hikes resurfaced repeatedly. During this period, currency pairs closely linked to the US dollar, such as the EUR/USD exchange rate, experienced significant declines, posing great challenges for investors bullish on the Euro.

From a technical analysis perspective, the price trends in the Forex market in 2024 exhibited some typical patterns. On the daily chart of the US dollar index in the first half of the year, a clear head and shoulders pattern can be observed. The emergence of this pattern indicates the exhaustion of upward momentum for the dollar, which was followed by a substantial adjustment in the dollar index. For technical analysis investors, accurately identifying this pattern and timely adjusting trading strategies can effectively mitigate risks and capture opportunities for counter-trading.

In terms of trading strategies, trend-following strategies performed exceptionally well during certain periods. Taking GBP/USD as an example, in the third quarter, the British pound against the US dollar showed a distinct upward trend. By utilizing moving averages and other trend indicators, investors can timely capture this trend and ride the wave for considerable profits.

In risk management, we deeply recognize the importance of stop-loss and take-profit strategies. For instance, in USD/JPY trading, due to an unexpected adjustment in the Bank of Japan's monetary policy, the yen exchange rate experienced sudden volatility. If investors failed to set stop-loss orders in time, they could suffer severe losses. Thus, reasonable position control, stop-loss and take-profit settings, and risk diversification are key factors for success in Forex investment.

Looking ahead, the Forex market remains filled with uncertainties. The global economic recovery process, geopolitical situations, and adjustments in central bank monetary policies will continue to impact exchange rate trends. Investors need to closely monitor macroeconomic data releases, analyze the policy intentions of various central banks, and combine technical analysis tools to develop scientifically sound trading strategies.

Finally, thank you all for your support and trust in our Forex investment community over the past year. On the future investment journey, lets join hands to tackle the challenges of the Forex market and achieve stable growth in wealth.

Thank you!