Thread: FXB Blog - Forex Articles

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.


Read more

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.

Read more

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.


Read More

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.


Read more

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.


Read more

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.


Read more

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.


Read more

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.


Read more

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.”


Read more

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.”


Read more