Please visit our sponsors

Rolclub does not endorse ads. Please see our disclaimer.
Results 1 to 5 of 5
  1. #1
    Investor
    Join Date
    Jun 2017
    Posts
    346
    Feedback Score
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Bitcoin takes a big stride away from fringes of finance



    Bitcoin takes a big stride away from fringes of finance

    Bitcoin’s value surged past $7000 on November 2 setting a new high on the back of news that CME Group will offer a futures option later this, the move may be a pre-curser to Bitcoin becoming an exchange-traded fund and acceptance by mainstream finance

    CME Group’s October 31 announcement to offer futures on Bitcoin this month sent the cryptocurrency surging past $6,400. The move brings Bitcoin closer to mainstream finance, placing it alongside CME’s futures on interest rates, indices, commodities and currencies.

    Bitcoin’s price has soared. It started the year at $966, broke $5,000 on October 11 before settling at $6,362.65 on October 31.

    Futures are derivatives contracts that investors typically use to speculate on prices or hedge risk against turns in the market. Other major markets like stocks, bonds, commodities and currencies all have derivatives based on them. CME’s futures option would allow investors to hedge that Bitcoin’s price will rise, something that is difficult at present.

    Bitcoin price index based futures contract

    The move is significant because CME Group is the world’s largest derivatives exchange. CME explained that the futures will be cash-settled and based on their CF Bitcoin Reference Rate.

    The news comes as a surprise because in September CME president Bryan Durkin told Bloomberg: “I really don’t see us going forward with a futures contract in the very near future.”

    However, Terry Duffy, CME Group chairman and chief executive officer, explained that they were simply responding to increased interest in Bitcoin and that the new vehicle “will provide investors with transparency, price discovery and risk transfer capabilities.”

    Garrett See, DV Chain CEO told CNBC that CME’s announcement showed “cryptocurrencies are gaining more legitimacy in the financial marketplace. It’s really exciting. I think it’s going to bring a lot of liquidity.”


    For more detail : Bitcoin takes a big stride away from fringes of finance

  2. Sponsored Links
  3. #2
    Senior Investor
    Join Date
    Aug 2017
    Posts
    1,624
    Feedback Score
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Creating and following a trading plan is critical to the success of the trader. Trading plans include daily trading routine, sources of market news, and events for market-wide perspectives to form fundamentals analysis, chart timeframes, and entry and exit timeframes for analysis to form technical analysis. Thanks to my broker Forex4you which give me the best trading condition to execute my trading plan perfectly.

  4. #3
    Senior Investor Uncle Gober's Avatar
    Join Date
    Jul 2011
    Location
    www.ArmadaMarkets.com
    Posts
    4,078
    Feedback Score
    0
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Default

    The selection of the existing broker must be able to be considered carefully, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from tickmill.

  5. #4
    Senior Investor
    Join Date
    Nov 2017
    Posts
    1,565
    Feedback Score
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Money management, risk management, hedging, developing portfolio are all good tactics to survive in the market. The best way to survive in Forex is making portfolio because avoiding mistakes completely is impossible. It makes it difficult for traders to survive for long. FXOpulence offers two different types of accounts including ECN and classic.

  6. #5
    Senior Investor Uncle Gober's Avatar
    Join Date
    Jul 2011
    Location
    www.ArmadaMarkets.com
    Posts
    4,078
    Feedback Score
    0
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Default

    Proper fund and risk management are crucial aspects that need to be handled effectively. With a matured approach to management and developed skills, trading can become easier to attain profits, something I frequently apply on Tickmill as well.

  7. Sponsored Links

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share |