Stock Sniper Trading discusses the current volatile market conditions and recommends AFX as a broker, which offers zero commission, low spreads and high leverage. They also recommend Hanco Trade for tight spreads and multiple account options. The recommended liquidity platform is Bookmap, and the recommended prop form is My Forex Funds. They analyze the DXY and gold, providing support and resistance levels for trading. Disclaimer: They are not financial advisors and any trades taken are at the individual’s own risk.

The Importance of Trading with a Recommended Broker

Introduction

Stock Sniper Trading is a popular YouTube channel that offers insights into the world of forex trading. The channel offers technical and fundamental analysis to help traders make informed decisions. In one of the live sessions, the presenter, Dave, highlights the importance of trading with a recommended broker. He also recommends the best brokers for traders looking for tight or low spreads.

AFX: The Future of Forex Trading

AFX is an ultra-low commission trading platform that offers traders a chance to maximize their profits. The presenter recommends traders to use AFX as the company offers zero commission trading. He also points out that AFX offers spreads as low as 0.0 pips and account leverage of up to 500x. Additionally, traders can start trading with a minimum deposit of only $100 and can receive an additional $100 deposit bonus. AFX is regulated by HCMC Greece, and is compliant with ESMA EU and FSEA South Africa regulations.

Hanco Trade: Recommended Broker for Low Spreads

The presenter also recommends Hanco Trade, a recommended broker for low spreads. Hanco Trade offers tight spreads as low as zero pips, while maintaining leverage of up to 500x. Traders can choose from multiple account types, and can start trading with a minimum deposit of just $10. Additionally, traders can earn up to 40% commission on trading volume by referring friends to use the platform.

Recommended Liquidity Platform: Bookmap

The presenter recommends Bookmap as the best liquidity platform for traders. Although the presenter mentions that they may switch to another liquidity platform, Bookmap is still considered the recommended platform for traders.

Recommended Prop Firm: My Forex Funds

Lastly, the presenter recommends My Forex Funds as the best prop firm for traders. The firm is considered one of the most reputable prop firms out there.

Trading during the London and New York Sessions

The presenter commences the live session by welcoming traders and updating them on the market. He mentions the volatile session expected to emerge at 8.30 am, and the importance of having a scalping mentality. The presenter reminds traders to refer to the disclaimer in the description box and trade upon themselves. He continues to recommend the recommended brokers, with a reminder to check out the recommended liquidity platform and prop firm.

Technical Analysis on the DXY and Gold

The presenter provides technical analysis on the DXY and Gold, starting with a top-down analysis on the daily timeframe. The presenter uses the DXY to explain support, resistance, and ranges. He also sets up alarms to alert him of any potential changes in price.

On Gold, the presenter highlights the importance of daily support and resistance, which is crucial in determining buy and sell positions. He also provides insights into the four-hour timeframe, using previous resistance as a support for Gold.

Conclusion

The presenter of Stock Sniper Trading recommends the importance of trading with a recommended broker, emphasizing the brokers with tight or low spreads. He also recommends the recommended liquidity platform and prop firm for traders. Additionally, he provides technical analysis on the DXY and Gold to help traders make informed decisions.