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Bitcoin mania: Join the rush or beware the bubble?
When the Wall Street Journal runs a headline that reads Bitcoin: Even Grandma Wants In On The Action, you’re simply compelled to find out more about the stand-out cryptocurrency that is grabbing all the attention.
For months now, Bitcoin’s rapid price swings have been prompting volatility-starved investors to join the biggest speculative boom since the dotcom fever in the 1990s.
In the space of 24 hours this week, Bitcoin rallied to an all-time high of $11,434 before sinking as much as 21% to $9,009, having started 2017 at $968.23, according research site CoinDesk.
The temptation to join the rush is tempered by the fear that its value is being driven purely on speculation and that the bubble is about to burst. Then John McAfee – founder of the eponymously named software – doubled down on his previous prediction and claimed this week: “I’ll eat my own d**k on national TV if Bitcoin doesn’t surpass $1 million by 2020.”
More and more investors have chosen to set aside Bitcoin’s questionable past, for instance its use by criminal elements, and focused on the potential that it could replace gold as an investment to hold when faith ebbs in fiat currencies.
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Forex broker is most discussed topic in every forex forum in the online. There are many good and scam broker in forex market. Some have regulation and licensed and some don’t have. So trader should choose a broker carefully. Now I am trading with CapitalsTrade. It is a regulated broker in Vanuatu. It is providing maximum security of my fund. They also are providing me low tight spreads, high leverage and many more.
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Safe as houses? Not if you live in Australia
According to Jonathan Tepper, one of the world’s experts in housing bubbles, Australia is experiencing the biggest property bubble in history. It has lasted 55 years and seen prices increase 6556% since 1961. “It is the only country we know of where middle-class houses are auctioned like paintings,” he observed recently.
When it crashes it’s likely to bring Australia’s economy crashing down with it, as it’s the only sector which has driven GDP growth of late. It’s one of those rare opportunities traders relish because the volatility in the market will be big and significantly increases the chance of being able to make a huge gain from an investment.
You can thank State and Federal governments for this opportunity. They have done everything they can to fuel the housing market in an effort to boost Australia’s economy and offset the decline in the value and volume of its chief exports iron ore and coal. The growth of the economy has provided governments with a source of tax revenue and proof to voters that their policies result in economic success.
The Australian media has also been complicit in the perpetuation of the property bubble. Objective reporting on property has disappeared because the Murdoch and Fairfax duopoly, which controls media output in the country, have been protecting their only major growth profit centres realestate.com.au and Domain the country’s two largest real estate portals.
Headlines celebrating a 26-year-old train driver who services the debt on five million dollars worth of property with his salary and rental income have become commonplace, with hordes of others being similarly celebrated for their achievements.
The formula for success which has enabled individuals on modest incomes to gain ownership of seven figure property portfolios comes through the black magic of cross-collateralised residential mortgages, where Australian banks allow the unrealised capital gain of one property to secure financing to purchase another property.
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A step-by-step guide on how to start trading
Trading can be an exciting way to earn an additional income. However, before you start trading you need to learn a few things. Knowing what to expect, what tools you need, and a few techniques will help prepare you so your entry into trading is as smooth as possible. The following things need to be considered before you start trading:
1. Getting to know the market
Traders can trade within many different markets which include the stock market, forex market, options market, and Contract for Difference (CFD) markets.
The stock market involves buying/selling shares of a company. The forex market is the largest market in the world and involves the exchange of one currency for another. The options market allows participants to undertake positions in the derivative of an asset, so the option is not ownership of an underlying asset. The contract for difference (CFD) market allows traders to speculate on the rising or falling prices of instruments such as currencies, shares, indices, and commodities.
When a market is moving downwards, it’s called a bear market. You can take advantage of this through ’short selling’ which involves selling assets or (derivative) you do not own in the hope of buying them back at a lower price in the future. The difference is your profit.
Short selling can be very risky as your losses are unlimited and you could lose more money than you actually have in your trading account. This is because the shares could rise so you would have to cover the difference. Therefore, short selling is not advisable for novice traders.
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The financial advice you wish you’d received at 18
Good financial advice is priceless, and the sooner you get it and apply it the better off in life you’ll be.
Today’s 18-year-olds who are preparing to go to university do so knowing that they are going to rack up a sizeable amount of debt by the time they graduate.
Has anyone sat down with them and fully explained the impact debt has on their life?
Advice about the benefits of getting a good education are echoed everywhere but strangely enough young people get little formal advice about financial planning through regular education channels. Aside from what they hear from their parents, who aren’t always the best at giving guidance on money management, they learn by experience.
The internet offers lots of financial advice in return for a few keystrokes and a couple of clicks but there’s so much out there and much of it is confusing and contradictory.
The financial challenges faced today make being engaged with the world of money more important than ever. Job security is something we reference in history books, banks are a very different entity to what they once were and the world is evolving at a far greater pace than it has ever done in the past and these changes are impacting more people, more quickly than ever before.
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Learn to read between the lines to make better trades
So, you’ve got the trading bug. You’ve made your first profits – albeit modest – by making safe trades.
There are riskier trading strategies that can earn bigger profits. You know about them, you’ve been warned about them, and you’re not interested because the downside is too great.
So how do top traders end up making so much more money?
It’s not by taking bigger risks.
Profitable traders earn more because they’re better at predicting and understanding how markets react to news and economic data. They read between the lines of the constant stream of information that is available on trading platforms to make more profitable judgements.
The best traders use information to make a trade before the trend becomes visible to others.
For profitable traders, breaking news stories and economic data is information to be deciphered into factors that can affect the market.
It’s not easy. If it was everyone would do it. But it’s far from impossible, and can be learned.
Understanding economic performance and what affects it is an area that profitable traders excel.
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Cryptocurrencies and gold: You need to take a position
Any trader looking to make money on the markets needs to invest time researching before taking a position.
If you do a search on cryptocurrencies it won’t be long before you’ll see an article that compares their merits against gold.
Should you invest your hard-earned money in gold or cryptocurrencies? They ask, and variations on that theme.
The number of these articles implies that they are somehow in competition with each other.
But it’s a phoney war, as they both have a different role to play in the world of finance and in your portfolio.
One of the reasons gold has stood the test of time is the stability it offers against the unpredictability of currencies and the sudden collapses that have taken place throughout history that can wipe out fortunes in an instant.
Gold is the perfect way to hedge against risk, impervious to natural, financial or political disasters.
Cryptocurrencies also offer a viable alternative to traditional currencies because they are decentralised, meaning no central authority can take it away from you.
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Wise Trading Words from Pro Traders
Ever wonder how professional traders deal with the ups and downs of forex trading? Here’s a glimpse …
The most successful traders view forex trading as a game of possibilities. Sometimes you win, sometimes you lose. In fact, there are occasions in every trader’s career when a losing streak can seem to go on forever. Losses happen, but what sets successful traders apart is the way they deal with the ups and downs of the markets!
If you are at the point in your trading career where you just feel like quitting, take heart … All successful traders went through what you are feeling, but overcame their doubts to become seasoned traders. They still lose some trades, but they understand that losses go with the territory and all that matters at the end of the day is that your profits far outweigh any losses you make.
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Strategies for Successful Trading Decisions Going Short or Long
The Forex market is quickly becoming the focus of attention for millions of new entrants as a result of its unique advantages. A large number of people have learnt how to make clever investment choices in order to take advantage of the market. Two strategies in Forex are going long and going short – once you understand these two strategies you will be able to make important decisions in order to be profitable. The two main strategies will be examined below.
Going Short
This trading strategy is when the base currency is sold in order to buy it at a later stage when the price begins to fall, resulting in a return from the transaction. For example, if the current GBP/USD is 1.5345 meaning we pay 1.5345 Dollars for one Pound Sterling, and we have $1000 dollars, we would sell the Dollars in order to purchase the Pound Sterling. This is carried out when the cost is expected to fall again in a short period of time. When the price GBP/USD falls to 1.5350, this means that more Dollars can be purchased with the same amount of Pounds that were obtained at the start. The additional dollars can be kept as profit which were earned by considering the dollar as the base currency.
Risk in Short Position
As with all financial markets, forex involves the same amount of risk. If the prices go in the exact opposite direction than originally expected, there will be a loss instead of a profit. For example, if the GBP/USD goes to 1.5340, you would not even get the same amount of Dollars that you sold initially. This strategy is only profitable if prices drop.
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Is this the best time to get into cryptocurrency?
The financial news has been filled with headlines about cryptocurrency for over a year now and this has undoubtedly played a part in the huge increase in value the likes of Bitcoin and the rest have experienced.
While plenty acted quickly and got in on cryptocurrency, many other potential investors who have been cautiously considering making a move have held back fearing that the opportunity had gone when Bitcoin reached $20,000 and others like Ethereum and Ripple started making big gains.
Warnings about bubbles, regardless of who was making them, have largely gone unheeded. New price records have been set then broken on a regular basis. However, a market correction was always going to happen.
It’s been nothing like the drastic fall some commentators have predicted (remember Bitcoin was valued at around $900 in December 2016). However, on January 17 Bitcoin has tumbled to around $10,000 after reports that a ban on trading of cryptocurrencies in South Korea was possible. The fears of a regulatory crackdown sparked a domino effect on the broader cryptocurrency market with Ethereum dropping 23 per cent and Ripple 33 per cent on the same day.
While some may view this as the beginning of the end of cryptocurrency trading, it’s more likely to be the breather this market will take while the new financial instruments that are growing up around cryptocurrencies settle in and the authorities firm up their decisions on how virtual coins will be regulated.
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Forex coaching pays dividends
Trading forex is a bit like driving, if you don’t get a few lessons from someone who knows what they’re doing you’ll probably crash. A good forex trading coach will help you become a profitable trader far sooner than if you dive into trading without proper training.
A good trading coach, much like a good driving instructor, is aware of the mistakes a novice is likely to make and is able to steer you around or away from them and can explain why a certain course of action or choice is the better option. Much like driving, most of us want to learn so that we can use it safely, frequently and of course successfully. Driving without caution or at high speeds, without understanding the dangers, mirrors unprofitable or high risk trading and inherently increases the chance of losing money.
Once you’ve accepted that coaching is the best way to start the next step is choosing which coach is right for you. In most situations where you need an expert, your natural instinct is to gravitate to the best available. This is where most people run into their first hurdle, as the industry is littered with so-called ‘forex gurus’ but who are not even professional traders.
A recommendation from someone you know and trust is always a good place to start, but if no-one you know can advise you on coaching for forex trading there are some things to look out for which will help you make an informed choice.
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How to choose technology and industrial stocks
The common denominator for everyone who invests in stocks is to make predictions on the price evolution in order to capitalise on market movements and consequently make money. But how they go about it is dependent on how risk averse they are, and the time frame over which they want to realise profits.
Investing in the stock market is both an intellectual challenge and a reflection of your own character. Before you decide which stocks to pick you need to understand what kind of investor you are.
Growth investors tend to focus on a company’s potential for future profits, and whose earnings are rising the fastest. Since growth-oriented investors are interested in big future earnings, they are often willing to pay a high price for a stock relative to what it earns right now. The metric used to value stocks here is the price-to-earnings ratio (commonly referred to as the P/E).
Value investors hone in on the current value of a company’s assets (factoring in its debts), and look for stocks that are cheap compared to those assets. Optimistic forecasts for profits are less important for them so they end up buying stocks with lower P/E ratios.
Taking the value approach sounds like a more conservative approach, but there is the risk that these stocks go out of style for long periods of time.
What may have initially looked like a bargain may turn out to a bad investment which other investors avoided because they identified serious problems with the business.
That’s why solid research is critical when buying stocks, and the most common advice you’ll read about investing in stocks is to diversify.
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If you are interested in buying cryptocurrencies, there are many crypto exchanges operating all around the world that allow you to buy cryptocurrencies. It is a good idea to register and verify your accounts with multiple exchanges. The reason for this is that the process can take time if there is an increase in registrations every time there is an increase in the price of Bitcoin. Different crypto exchanges have different features, fees, policies and coin listings. Leading brokers usually allow clients to use fiat currencies to buy cryptocurrency. These are traditional currencies such as Euros, Dollars and the British Pound.
A guide for buying cryptocurrencies
Once you have a basic understanding of cryptocurrencies, you can follow the steps below in order to start building your own portfolio.
1) Open an account with a cryptocurrency exchange
The first thing you need is to know where to buy cryptocurrencies. If you want to buy Bitcoin, there is a wide range of exchanges to choose from. Make sure your desired cryptocurrency is listed on the exchange. Always research your chosen cryptocurrency exchange and read reviews.
2) Choose the cryptocurrencies you want to invest in long-term
You can invest in multiple cryptocurrencies. However, it is advisable to start with one currency first. There is a wide range of cryptocurrencies to choose from. There are thousands of cryptocurrencies available on exchanges around the world.
If you want to invest, you should enter initially with small amounts to familiarize yourself with the basic functions of the exchange.
It is also important to get used to the market volatility so that you don’t panic sell. During a rapid fall in prices, price swings can be huge in a very short period of time.
3) What price is your chosen cryptocurrency trading at?
An important thing you need to take into account is the price of your preferred cryptocurrency. For instance, you need to determine if it is cheap, at a high price or a low price. You should never make a purchase based solely on the price, but you should consider other factors as well. These factors are valuation, the available supply of currency, the technology it uses and the targeted market.
In order to maximize your gains, it is essential that you apply the ‘buy low, sell high’ principle. This is a successful cryptocurrency trading strategy.
4) Store your cryptocurrencies in a wallet
A cryptocurrency wallet acts like a bank account for your cryptocurrencies. Bitcoins are stored in a bitcoin wallet and Ethereum coins are stored in an Ethereum wallet. The same applies to all other cryptocurrencies which are stored in the appropriate wallet.
Basically, a wallet is software which communicates with the network. You can tell the blockchain when you want to send or receive transactions.
Cryptocurrencies can be stored both online and offline in a paper wallet or a hardware wallet, and can also be stored on the exchanges where you bought them.
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A beginner’s guide to trading cryptocurrencies
Cryptocurrency trading
Cryptocurrency trading is becoming more and more popular and many investors are jumping on the cryptocurrency bandwagon. However, it is essential to understand that trading cryptocurrencies is not necessarily a ‘Get rich quick scheme’. Before you start investing in cryptocurrencies, it is important to do your research. Read our guide and find out all you need to know about trading cryptocurrencies.
What are cryptocurrencies?
Cryptocurrency is a digital or virtual currency that uses cryptographic techniques to secure transactions and control the creation of additional units of the currency. Cryptocurrencies are a digital asset and exist only in an electronic form.
What are the most common cryptocurrencies?
The most common cryptocurrencies are Bitcoin, Ethereum, Ripple, Litecoin, Dash, Monero, and Zcash.
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How far will cryptocurrrencies go for security?
Zcash go nuclear to generate random numbers to ensure security of digital coin in latest step by cryptocurrencies gain acceptance
The security of cryptocurrencies is an issue for some people. The founders of digital coins know that stories about exchanges being hacked damage their image.
For cryptocurrencies to be commonly used by the general public they must gain trust. The same trust that people have in the bank coins and notes they use to buy goods and services.
The developers of privacy-obsessed digital coin zcash have gone to unique (and extreme) lengths to ensure their digital currency’s security.
Zcash used nuclear waste from the infamous Chernobyl power station to create low-level radiation. This was converted into random numbers to generate zcash’s public cryptography parameters.
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Everything you need to know before you buy cryptocurrencies
A $1000 investment in Bitcoin in July 2010 is now worth more than $141 million . Unbelievable! (value correct on 13/2/18)
You’ve been following cryptocurrencies for a while and seen Bitcoin rise in value from cents to its highest point of almost twenty thousand dollars. You have been thinking about joining the crypto rush but your knowledge is very limited. You want to invest an amount of $500 and are probably wondering which cryptocurrencies to invest in.
However, before you buy, you should do your research in order to find out everything there is to know about cryptocurrencies. To help you, we have compiled our own research. Read on to find out more.
What is Bitcoin?
Bitcoin is a popular digital currency created and stored electronically. It is digital money that is not linked to any financial institution, banking or currency system which can be transferred between individuals without any financial intermediaries.
What makes Bitcoin valuable?
Bitcoin gets its value because many people want to trade and accept it. It follows the basic rules of supply and demand. As people hear about others making money from cryptocurrencies, they buy their own and this makes the price increase.
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Cryptocurrency will play a big role in our lives in the future
The growth of cryptocurrency and blockchain
The interest in cryptocurrency is often referred to as the ‘digital gold rush’ attracting thousands around the world to invest in cryptocurrencies such as Bitcoin and others like Litecoin, Ethereum and Ripple.
The value of Bitcoin is linked to sentiment – whenever people rush to invest, the prices go up and when people decide to sell, the price goes down. This volatility has resulted in prices skyrocketing. In 2017, Bitcoin surged in valued from $830 to $19300 and is now fluctuating around $8,000. Other cryptocurrencies like Ripple and Ethereum are following a similar trend. This cryptocurrency rollercoaster has helped lucky investors to make fortunes.
Blockchain, the technology behind Bitcoin and other cryptocurrencies, was designed to facilitate, authorise and log the transfer of bitcoins.
How does blockchain technology work?
Blockchain is a shared database populated with entries that must be confirmed and encrypted. Traditional databases are owned by a central authority like banks and governments, but blockchain does not belong to anyone.
The impact that blockchain technology is having is similar to the impact of the internet in the 90s. As society becomes increasingly digital, financial services providers are looking to provide customers with more efficient, secure, and cost-effective services. Therefore, blockchain technology will become more applicable to our daily lives.
Bitcoin and all cryptocurrencies depend on blockchain technology that makes transactions so secure that they are almost unhackable.
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Virtual trading and the global economy
We have seen the rise of the virtual world in the twenty first century, which is a world that exists entirely on the internet. The currency that is used is known as bitcoin, but it does not possess any physical form. Bitcoin has now become a widely used currency, especially in China, the economic powerhouse. However, the lack of physical form makes bitcoin completely different to what money should be.
A long time ago, the value of money was exactly what it was made of. Gold coins were made, and their value depended on the amount of gold in circulation. Nowadays, most money is printed on paper, which does not have that much value. Therefore, the government can print as much money as it wants as long as it has the cheap materials needed to print the money.
Bitcoin is the next step in this worrying trend regarding the creation money. Bitcoins have no physical form, and they cost almost nothing to create. However, using bitcoin is very convenient as online transactions can be carried out using a currency which is suitable for expediting simple financial transactions.
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Adapting to Bulls and Bears
Bulls and Bears characterizes and defines the volatile market conditions. Bulls and Bears is a term which is common in the trading world, increasing the hopes of traders as well as shattering their expectations! But what do they really represent?
Bulls and Bears actually describe market conditions, whether stocks and/or currencies are increasing or decreasing in value.
They also demonstrate the mood of the investor, and indicate subsequent market trends.
A bull market describes a market that is increasing which is shown by an increase in market share prices. This situation causes a psychological boom installing faith in investors and resulting in a positive long term trend. This tends to happen in countries with strong and solid economies with high employment levels.
A bear market causes the opposite psychological effect; it characterizes a falling market with share prices continuously falling, so results in a downward trend persuading investors that this market decline will continue over the long term. It leads to an increase in unemployment as employers begin to dismiss workers.
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Bitcoin value can reach $50k this year
Bitcoin value has dropped by almost 45% after hitting a high of almost $20k this month but some experts feel the crypto currency is set to climb again in 2018
Investors who joined late will feel the latest headline about Bitcoin value is a bad joke. Most people who invested in Bitcoin recently are sitting on negative equity or have cashed out losing.
Ethereum and Ripple backers have similar stories to share with their Bitcoin owning counterparts. But for portfolio manager Jeet Sign cryptocurrency volatility isn’t surprising and he envisages Bitcoin’s value hitting $50k this year.
Singh gave his views about cryptocurrencies to RT while attending the Davos Economic Forum in Switzerland. He’s been operating in the cryptocurrency space for the last six years. He’s seen similar volatility time and again. And he’s also experienced fluctuations by more than 80% and above on a regular basis.
Singh drew comparisons between cryptocurrency and the early performance of Microsoft and Apple stock.
“If you look at Microsoft or Apple when they went public their stocks were very volatile because the market wasn’t mature,” he said.
The lack of vendors accepting cryptocurrencies as payment results in cryptocurrencies being used more like as a store of value. However, in countries with high inflation (Indonesia and Thailand) cryptocurrencies are more readily accepted.
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Join the few who gain from economic Armageddon
The warning signs that a market crash is looming are becoming louder and more frequent. Despite this, most market participants are behaving like it can never happen. In fact, bullish trading is pushing the markets to new highs on an almost daily basis. The warnings are seen, heard and then ignored.
Join the few who will take advantage of what’s about to happen. The same few who profited handsomely when billions were lost in the last global economic crisis almost a decade ago rather than those who simply follow the herd.
For most people these warnings are like the graphic images printed on today’s packets of cigarettes, they spell out the dangers and yet all the same people are still smoking.
Warnings about an impending market crash are being made by people who predicted with considerable accuracy in 2006 and 2007 what was ahead when the US sub-prime mortgage market collapsed and triggered the global financial crisis.
The one thing these analysts can’t predict is an exact time and place for when the crash will happen. It’s the same reason people continue to smoke; nobody can say with certainty the number of cigarettes required to kill a person.
So, trading continues regardless until the day the sudden dramatic drop in prices exceeds the 10 per cent threshold that officially marks the point that the crash has arrived.
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Do zombie banks provide real liquidity?
A zombie bank is an alarming characteristic of the modern economy.
What is a zombie bank?
The term zombie bank refers to a financial institution that has an economic net worth which is less than zero. Basically, it signifies that this financial institution is in debt. A financial institution that is in debt should not be called a financial institution as it does not have any money to provide to people. In addition, it should not be trusted with people’s money as this money may actually be used to pay off debts.
Nevertheless, even though zombie banks are in debt, they continue to be called financial institutions. They can continue performing in this capacity because their debts are settled through credit provided by the government.
What is liquidity?
Liquidity is a term used to describe a market’s ability to sell an asset quickly without lowering its price. This generally happens when the specific asset is in high demand, and will be sold off quickly regardless of the market’s requirements. For example, gold is an asset that is almost always in high demand. Therefore, the gold market has a high market liquidity.
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Why most traders do not succeed in forex trading?
Making profits through stocks and shares is not an easy job. Inadequate trading methods, lack of confidence, patience and discipline can lead to a lack of success in the stock market. A trader should really know the tricks of trading. Inexperienced traders, who lack insight, risk all their money in one stock without planning before investing. Planning is a necessary standard in the stock market as complex trading techniques and lack of planning will contribute to the failure of the trader; therefore, successful traders always develop a plan.
Lazy traders will definitely fail
Without significant planning a trader will fail. Many traders are too lazy to develop a successful trading plan as it requires a lot of effort. Effort is necessary for success in the stock market, not just luck. Traders who are too confident and lazy are always in a hurry to chance their luck, which results in failure.
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Why FXB Trading has chosen Bitpay
FXB Trading is accepting bitcoin payments through Bitpay, a leading Bitcoin payment service provider.
Bitcoin (BTC) is an online virtual currency with no centralized exchange. It is a unique electronic currency which is increasingly popular worldwide.
Advantages of Bitcoin
One advantage of Bitcoin is that there are no transaction costs. All bitcoin transactions are digitally recorded on public networks without banks or clearing agencies playing a role. There are normally no transaction costs involved in bitcoin, even for global transfers.
In addition, bitcoin allows customers to transfer in and out of bitcoin toward any local currency with minimum effort.
Furthermore, Bitcoin is particularly beneficial for traders from developing countries. This is because they have restricted access to wire transfers or credit card payments.
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Rule the market through a confident trading approach
The foreign exchange market is a decentralized market that is meant for trading currencies. The forex market determines the value of currencies. The magnetic power of money has motivated the investors to invest in stock markets. Earning money through equities is not an easy task. You need extensive research and lots of discipline, patience and confidence. You need to be able to interpret the market. Due to the volatility of a market, investors are in a continuous dilemma whether to invest or not. Market volatility causes the investors to lose trust in the stock market and shut themselves off from stock markets. Ideal investors must know how to deal confidently with this volatility. People who lack confidence cannot sustain the highs and lows of the marketing trends.
Thinking about the winnings
You need to be confident in order to trade efficiently. Trading efficiently helps to develop confidence. Confidence and perfect trading habits are almost equivalent. Low level of confidence can negatively affect trading performance. Thinking about your winnings can make you a winner. It is necessary to think about your wins, and it is necessary to consider the factors that result in the win. Important factors must be noted in a trading journal to record the trading policies that prompted the win. You must memorise trading techniques in order to acquire trading skill which will make you more confident in trading.
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Litecoin rising. Momentum returning to cryptos?
Litecoin value has almost doubled in two weeks and stands out amongst general increase in prices among main cryptos recently
There are signs cryptocurrencies are on the rise with Bitcoin near $10,000 (February 16) and a Litecoin surge grabbing attention.
As the case with most cryptos Litecoin recently dipped following record highs. However, it broke $214 (February 16) from a low of $110 on February 2 suggesting further price increases are imminent. Litecoin’s gain has stood out amongst a general growth pattern seen in many leading cryptos this month.
Since its inception Litecoin founder Charlie Lee has positioned his creation as the silver to Bitcoin’s gold. The main benefits of Lee’s digital coin over Bitcoin are twofold.
Michael LaVered of Oracle Times explains: “Litecoin combines all of the benefits of Bitcoin, but with shorter transaction times and lower fees.”
LaVered believes that Litecoin could potentially overtake Bitcoin in price because of the difficulty the leading cryptocurrency faces in scaling.
However, one of the driving factors behind Litecoin’s recent rise is the announcement of a potential hard fork called LitePay.
LitePay will enable Litecoin users to make purchases through businesses with a flat 1% transaction fee. Litecoin founder Lee has disassociated his digital coin from the spin off, denouncing it as a “fraud”. However, Litecoin users are being attracted with the offer of 10 coins of litecoin cash per coin held.
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Buy, sell, and exchange cryptocurrencies with the FXB Crypto Webtrader
The FXB Crypto Webtrader allows you to buy, sell and exchange cryptocurrencies directly from your web browser in a couple of clicks with no additional software. All you need is an internet connection and a PC. The Crypto Webtrader is a regular part of the desktop platform. The application is safe to use – all transmitted data is securely encrypted.
Crypto Webtrader Features
- Trade directly from any internet browser
- Compatibility with Windows, MacOS, Linux
- Reliable data protection
- Maximise your opportunities with real-time instant quotes
FXB Crypto Webtrader offers a reliable and secure platform where you can buy, sell and exchange popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, Monero, etc.
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The Bitcoin, Litecoin, Ripple & Ethereum survival guide
Are you still confused about Bitcoin? Or maybe you don’t know what cryptocurrency is and why it is so significant. Our Bitcoin survival guide will outline everything you need to know and help you make the right decisions when investing.
Throughout this guide I will refer to Bitcoin, but the information applies to Litecoin, Ripple and Ethereum as well. Read on to find out all you need to know about Bitcoin and surviving the market trends.
What is cryptocurrency?
A cryptocurrency is a digital currency that uses cryptography to secure its transactions.
How can cryptocurrency be used as money?
Currency is a system of money and a form of exchange in general use in a specific country. At present, the Dollar is the most widely used currency around the world.
Anything can be used as a form of exchange, and this includes cryptocurrency.
Bitcoin is a ‘cryptocurrency’
Bitcoin is a type of cryptocurrency. There are many other cryptocurrencies such as Ripple, Litecoin, Dash, etc.
Bitcoin is the most popular because it was the first successful cryptocurrency to emerge. It is a digital currency that can be used to complete a transaction between two parties without involving a middleman. It allows direct, private transactions between users with almost no transaction costs. This is achieved because it is powered by blockchain technology.
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Is Ripple the best cryptocurrency to invest in?
Ripple is emerging as the cryptocurrency with the most real world use as more financial institutions partner with it to provide payment solutions
Ripple is emerging from the pack of cryptocurrencies as one of the most likely to make a big impact in the financial services sector. Major companies are partnering with Ripple on payments projects to use its platforms. If these prove fruitful Ripple’s blockchain technology will take a step closer to becoming anindustry standard.
Saudi Arabia’s central bank announced on February 14 that it was partnering with Ripple on a payments ledger. The system enables local banks to deploy Ripple’s xCurrent for cross-border payments and will save up to $400 million per year, according to Moody’s Investor Services.
It’s not the first central bank Ripple have cooperated with. The Bank of England (BoE) successfully completed a proof of concept eight months ago to synchronise a payment between two central bank systems. It was part of the BoE’s exploration of solutions on how to update their payments systems.
Then, Mark Carney, governor of the BoE, said the cryptographic system that underpins virtual currencies is “not sufficiently mature” to support the scale of the bank’s payment requirements. However, the test “highlighted areas where we would like to conduct more exploratory work.”
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Wall St strategist: $25k Bitcoin by year end
Bitcoin value currently around $10k but will be worth more than double by year end says Fundstrat
Fundstrat, one of Wall Street’s leading investment advisories, believes Bitcoin will soon return to the $20,000 value reached in 2017. Tom Lee is Fundstrat’s co-founder and has been a leading Wall Street strategist for 25 years. They published a cryptocurrency report (February 28) with analysis on price expectations also highlighting notable companies like Rakuten and plans to launch their own Rakuten Coin.
CNBC spoke to Lee about the report where he added that he expected Bitcoin to reach $20,000 by the middle of the year. He also expects it to reach $25,000 by year end based on historical price trends and crypto-related announcements by major companies.
Lee said: “The announcement by Rakuten is another example of positive developments in crypto in 2018, suggesting the large sell-off in Bitcoin and others at the start of the year was an overshoot to the downside.”
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Ethereum for beginners
Ether is the second largest cryptocurrency in terms of market capitalisation. The total value in the market is approximately $85 billion (value correct on 28/2/18). Even though it is considerably behind Bitcoin, Ethereum is well ahead of other major cryptocurrencies such as Ripple and Litecoin.
If you want to find out about Ethereum, what it can be used for and its potential then this guide is for you.
What is Ethereum?
Ethereum is a decentralised programmable blockchain based software platform that runs smart contracts. The network is based on the blockchain technology and enables you to build decentralized apps and use the network if you have Ether. Ether is the cryptocurrency which helps in running the platform.
Basically, Ethereum functions as a platform through which Ether tokens can be used to create and run applications and smart contracts.
Ether is also used as a cryptocurrency and is traded on different exchanges.
What is a smart contract?
A smart contract is a blockchain based protocol that directly controls the transfer of digital currencies or assets between two exchanging parties. When a smart contract runs on the blockchain, it automatically executes under specific conditions. On the blockchain, smart contracts run exactly as programmed without any downtime, fraud or third-party interference. They solve a real problem by making existing systems better.
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Automated forex system trading
What is the advantage of automated forex system trading?
Forex trading now offers millions of people with an automated Forex system trading so that traders can employ a pre-programmed trading system for their Forex trade. There are many advantages to these automated trading systems in Forex market. However, it is essential to understand how it works before using an automated trading system.
Idea of automated forex system trading
An automated Forex system trading is the trading in Forex market that is performed on the basis of computerized programs. These programs are developed on the basis of best strategies for trading. This program can be developed according to the trading approach. This would be a customized automated trading in Forex market, but you can also get the pre-programmed automated systems that can be installed on the computer. These automated systems can run on the basis of robotic Forex trading. In addition to this, these programs can also be created on the basis of signal based trading.
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Why less is more in forex trading
Three top tips for trading the markets like a pro
Developing and sticking to your trading strategy is crucial if you trade CFDs on forex, commodities, indices and shares. Simply put, veering from your forex trading strategy is a risky move that could see you lose funds, and that’s something that no trader wants to happen.
The fact is though that many traders slip into negative trading habits such as trading intra-day price variations or withdrawing a cost-effective trade simply because the market started retracing against a position. These kinds of trading habits are counterproductive to your success as you are overreacting to normal price variations in a market.
Why less is more
Less is definitely more when it comes to trading the world’s markets – it really is crucial. To hammer this point home, we’ll look at 3 key points: market dynamics, price action and how not to react to every market fluctuation.
In trading, ‘a freight train’ refers to trends with tonnes of momentum behind them. If you look at the charts, you’ll soon realise that EURUSD, USDJPY and AUDUSD have long multi-month trends. These trends, just like real freight trains, don’t alter direction quickly or easily. Our freight train analogy brings us to my 3 tips to ensure that you instill ‘less is more’ in your trading strategy.
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Instant access to profits with the forex debit card
Forex brokers have to continuously offer innovative products in order to survive in the competitive forex industry. Therefore, the forex debit card is the right way forward.
Forex brokers are now giving their traders a branded forex debit card which offers a sequence of exclusive advantages.
The greatest advantage is that all payments are made quicker and easier especially withdrawals which have been the worst nightmare for many FX brokers. Now it’s possible for traders to withdraw from their FX trading account at any time and from any place.
The other benefits of a branded forex debit card are that it can be used as any regular debit card. It is accepted worldwide at any ATM around the world.
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An introduction to order flow trading
Order flow trading is a profitable form of trading. It provides professional and retail traders with information based benefits. Also, it offers step-by-step analysis of order flow in the form of charts that can be interpreted in a simple way.
Order flow trading takes into account other forms of trading. The aim is to predict the prices of stocks through pending orders of other traders. In anticipation of prices, it is important to ensure that potential traders have large orders. The traders should be active market participants who have pending orders.
Facts about order flow trading
Trade mentors advise traders to trade what they see instead of trading what they think. The market does not actually move according to your thoughts. Picking levels is a risky way to exercise your trading, and has been banned by professional traders. However, order flow trading cannot be implemented without picking levels.
Traders who mentally picked up levels while simultaneously observing the price charts discovered that the levels were all blown away. However, things can vary by using tight stop losses especially if you consider picking levels carefully. Consider picking levels with caution and use tight stop losses.
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Avoid the pitfalls of forex trading robots
Forex trading robots have become a popular tool in the personal forex market. They’re often attractively priced and marketed as ‘Expert Advisors’ that can operate on the best trading platforms. However, an increasing number of traders are not happy with the purchase of their automated forex trading program.
Sold on profits
Anybody with a product to sell will focus on the product’s most attractive features to get you to buy it. That is especially true about automated trading products. Often, they’re presented as offering the path to financial freedom and easy to use.
In reality, the evidence of their success is just a small sample of trading when the software enjoyed a profitable spell.
The disclaimer makes it alright
Every forex trading robot is sold with a disclaimer that denies any responsibility for how it will perform in the future.
The words may be different each time, but the message always amounts to the same thing. There’s no guarantee this software will trade profitably based on its historical performance and protects the seller from potential fraud claims.
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Advantages of forex trading
Forex refers to Foreign exchange markets. Forex is also represented by the symbol FX which is a familiar term among investors, bankers and stockbrokers across the world. The Foreign Exchange market is a global, decentralized market for the trading of currencies. Forex trading involves buying and selling currencies on the foreign exchange market in order to make a profit. The principal participants in the forex market are major international banks. Financial centres around the world offer buyers and sellers a convenient platform for trading in currencies.
Profit potential from rising and falling markets
You can trade freely in the market as far as your potential goes. If you believe that the price of a currency will increase, you can buy it or go long. Increased currency price indicates you can sell it at the increased price. You can make up for huge profits by trading on volumes. However, if you believe that the currency value is going to fall, you can sell it or go short.
Seasoned stock traders can make a huge amount of profits and even become overnight millionaires. On the other hand, if you desire huge amount of profits and start trading without following the tricks of the trade you can also end up losing a lot of money. Therefore, you should always be cautious while you are operating in the Forex market or stock market.
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The global debt problem
There is a widespread global debt problem which was inevitable after paper money had been introduced. Almost every country in the world is in debt.
Global debt
Debt is a fascinating concept as governments need money in order to run countries. It’s an obvious fact that running a country costs a lot of money. Governments obtain money from the people they govern. Governments are not profitable entities, nor do they own profitable businesses or any other ways of earning money. This money is assigned as taxes, and it is the obligation of the citizen of a country to pay their taxes in order to provide their government with enough funds to run the country.
Essentially, the government uses these funds (taxes) to run the country. They should spend all tax money on the country, but governments often surpass the amount of these funds. Government expenditure is similar to the spending of people because it usually exceeds their financial means. Governments printed more money and referred to this money as debt to justify the spending of more money. They use this money to pay for everything that taxes would have paid for. This money though is debt.
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Technical and fundamental analysis
Successful investors usually take an analytical approach when they invest in volatile markets such as the stock or foreign exchange market. For investment in the financial markets, two common strategies are used. These are known as technical and fundamental analysis. Fundamental analysis is a long-term investment strategy whereas technical analysis focuses on the short-term.
In order to minimize risk, investors use technical and fundamental analysis techniques to assist them in making profitable investments.
The two main analysis techniques are described below:
Technical analysis
Technical analysis involves studying past trends in order to ascertain patterns. It forecasts future financial price movements based on past price movements in order to help investors predict what is likely to happen to prices over time. Technical analysis involves reading and interpreting charts in order to identify the best time to enter into a trade.
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Successful foreign currency trading
In order to successfully implement a foreign currency trading strategy, you must be able to assess trends so that you can determine whether it’s a good idea to trade or not.
When choosing the currency pairs to trade in, you should take time to read the historical information as well as evaluate pricing charts so that you can follow trends in forex exchange rates.
How to determine and use forex exchange rates
Many forex traders prefer not to carry out a lot of research. This is where forex software is useful as it only requires past data to evaluate forex exchange rates, and give recommendations about buying and selling of different trade indicators.
The software creates these trade indicators after examining the progress in the forex exchange rates in a certain period of time. The trading software is programmed to identify any defined trend in the exchange rates as the prices change.
Are forex exchange rates reliable?
At a national and global level, foreign currency is one of the biggest and most volatile markets in the economy. This is because prices can fall or rise in minutes. Therefore, it is very important to acquire a trading account that will allow you to track and monitor forex exchange rates in real time.
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