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Veselin Petkov

About the author

Veselin Petkov

With Alpari since 2017

Veselin received his higher education in Sofia, Bulgaria, at the University of National and World Economics, graduating with a Bachelor's degree in 2003, and with a Master's in Finance in 2007. He received a second Master's degree from the University of Vienna's Economics department in 2008.

Veselin started working on financial markets in 2006, starting out as an analyst for an investment fund that managed assets on European stock exchanges.

From 2013 to 2016, he worked at Alpari as a teacher and Forex analyst.

In 2016, Veselin was writing analytical reviews of the currency market for a trading portal.

The analysis of fundamentals, candlesticks, and charts is central to Veselin's work.

His hobbies include running, cycling and travelling.

Analyst's publications

12 April 2018

Cryptocurrencies

Veselin Petkov

Be a crypto-investor, not a crypto-trader

At the beginning of the year, I wrote an article on the 5 key rules for successful investment in cryptocurrencies. In it, I wrote that, in my opinion, it’s much better to invest in cryptocurrencies rather than trade them. I said this because I believe that most beginners lose their money trying to speculate on the crypto market.

Further info

16 March 2018

Cryptocurrencies

Veselin Petkov

Bitcoin review (16/03/18)

Over the last 24 hours, bitcoin’s price has stabilised around the 8,000 USD mark. I reckon that bitcoin’s decline slowed down as it approached the psychological support range of 5,000 – 7,500 USD, which I believe is bitcoin’s most fundamentally reasonable price.

Further info

07 March 2018

Cryptocurrencies

Veselin Petkov

Nearly the whole of the crypto market is in the red

In the first half of today’s trading, nearly all the major cryptocurrencies have moved into negative territory. According to CoinMarketCap, 95 out of the top 100 cryptocurrencies (in terms of market cap) are now trading down compared to yesterday. As a result, the total market cap of the cryptocurrency market has dropped by 31bn USD from 459bn to 428bn.

Further info

22 February 2018

Market sessions

Veselin Petkov

Forex market review (22/02/18)

On the morning of the 22nd of February, the EURUSD pair is continuing its slow decline and is trading at 1.2275 at the time of writing, marking a 39-pip drop over the last 24 hours.

Further info

21 February 2018

Market sessions

Veselin Petkov

Forex market review (21/02/18)

The EURUSD pair is currently in the red, trading at around the 1.2324 mark as we await the opening of the European session. This marks a 64-pip drop for the euro for the euro from yesterday. The euro’s decline against the greenback over the last few days has facilitated a rise on the US dollar index (DXY) from 89.23 to 89.79.

Further info

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