FAKE TRADES ALERT: How Long Candles Are Used to Mislead Retail Traders
This article will make you think twice the next time you spot a bullish or bearish engulfing. Big candles do not mean what you think they mean.
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Abstract:In a strategic alliance, APS has partnered with MetaTrader 5 Payments, aiming to streamline client onboarding, enhance deposit transaction conversions, and reduce broker costs through integrated payment solutions, marking a significant advancement in the world of online financial services.

APS has recently entered into a partnership with MetaTrader 5 Payments, a service crafted to simplify client onboarding, enhance deposit transaction conversions, and diminish broker costs. Integrated payments present a pragmatic solution for both established firms and start-up brokers, affording the latter a smoother business launch without the associated expenses of developing and implementing an independent payment system.
For a brokerage company to initiate the acceptance of payments via the platform, an agreement with a supported Payment Service Provider (PSP) must be established, and authorization data entered into the platform. This facilitates clients in conveniently replenishing funds through the terminal, with forthcoming plans to extend this capability to mobile terminals for iOS and Android.
Medet Koshtayev, Chief Financial Officer at APS, expressed his views on the service launch, underscoring the company's vision of a future where innovation and financial sophistication intersect through collaboration with MetaQuotes. He emphasized the overarching goal of redefining online payment solutions to furnish clients with advanced digital tools, ensuring a seamless and efficient online payment experience.

APS, renowned as a global provider of online and corporate payment solutions, grants access to multiple payment options globally, streamlining administrative processes and curbing operational costs. The system supports card payments across 50+ countries, alongside digital currency transactions, easily accessible during the wallet creation process. Further connection details can be obtained by reaching out to company representatives through the provided feedback form.
To aid brokers in their selection of payment providers, MetaTrader 5 has introduced a dedicated Providers section. This section offers comprehensive descriptions of companies and their services, outlines supported payment systems, and provides contact details for initiating service connections.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

This article will make you think twice the next time you spot a bullish or bearish engulfing. Big candles do not mean what you think they mean.

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