Best Forex Brokers 2020 - Investopedia

Bitcoin Broker Understand the Benefits of CryptoCurrency Trading

Bitcoin is a cryptocurrency, which can be spent, saved, or invested, and it can be stolen too. Trading with Bitcoins was considered to be risky, but the current trends show that it has become a big hit the binary options sector. This decentralized currency is not regulated by any Government, or by any central authority.
What determines the price of Bitcoins?
Bitcoin's price is determined according to the supply and demand ratio. Price increases when the demand increases, the rates plummet downwards when the demand falls. Bitcoins in circulation are limited, and new ones are created at a very slow rate. Since it does not have enough cash reserve to move the market price, its price can be extremely volatile.
Bitcoin trading is popular because of -
Binary options Bitcoin trading platform
bitcoin binary options are getting familiar with popularity of these Bitcoins, and its constant fluctuating values. Therefore they are using this opportunity to offer traders with the latest volatile crypto-currency as an additional payment method. Bitcoin brokers providing crypto-currency as trading option include -
Bitcoin brokers provide a simple trading online platform. All you have to do is visit their website, enter your details, and create an account. You can start with demo account to understand the market action.
The trading screen is simple.
Is Bitcoin trading secure?
Bitcoin network is possibly the world's vast spread computing project. The most common weakness here is the user errors. Bitcoin wallet files can get lost, stolen, or deleted accidentally just like any other files in the digital form.
However, users can use sound security strategies to protect their cash. Alternatively, you could choose the service providers who offer high-level security, as well as insurance against loss or theft.
We provide latest information on Bitcoin brokers and online trading platforms on our website. Please visit our website to check out the broker reviews in order to make the right choices.
submitted by amirkhoso to u/amirkhoso [link] [comments]

My First Year of Trading

So here it is, three more days and October begins, which marks one year of trading for me. I figured I would contribute to the forum and share some of my experience, a little about me, and what I've learned so far. Whoever wants to listen, that's great. This might get long so buckle up..
Three years ago, I was visiting Toronto. I don't get out much, but my roommate at the time travels there occasionally. He asked everyone at our place if we wanted to come along for a weekend. My roommate has an uncle that lives there and we didn't have to worry about a hotel because his uncle owns a small house that's unlived in which we could stay at. I was the only one to go with. Anyways, we walk around the city, seeing the sights and whatnot.
My friend says to me "where next?"
"I don't know, you're the tour guide"
"We can go check out Bay Street"
"what's 'Bay Street?'"
"It's like the Canadian Wall street! If you haven't seen it you gotta see it!"
Walking along Bay, I admire all the nice buildings and architecture, everything seems larger than life to me. I love things like that. The huge granite facades with intricate designs and towering pillars to make you think, How the fuck did they make that? My attention pivots to a man walking on the sidewalk opposite us. His gait stood out among everyone, he walked with such a purpose.. He laughed into the cell phone to his ear. In the elbow-shoving city environment, he moved with a stride that exuded a power which not only commanded respect, but assumed it. I bet HE can get a text back, hell he's probably got girls waiting on him. This dude was dressed to kill, a navy suit that you could just tell from across the street was way out of my budget, it was a nice fucking suit. I want that. His life, across the street, seemed a world a way from my own. I've worn a suit maybe twice in my life. For my first communion, it was too big for me, I was eleven or whatever so who gives a shit, right? I'm positive I looked ridiculous. The other time? I can't remember.
I want that. I want the suit. I want the wealth, the independence. I want the respect and power, and I don't give a shit what anyone thinks about it.
Cue self doubt.
Well, He's probably some rich banker's son. That's a world you're born into. I don't know shit about it. \sigh* keep walking..*

A year later, I'm visiting my parents at their house, they live an hour away from my place. My dad is back from Tennessee, his engineering job was laying people off and he got canned... Or he saw the end was near and just left... I don't know, hard to pay attention to the guy honestly because he kind of just drones on and on. ("Wait, so your mom lives in Michigan, but your dad moved to Tennessee... for a job?" Yea man, I don't fucking know, not going to touch on that one.) The whole project was a shit show that was doomed to never get done, the way he tells it. And he's obviously jaded from multiple similar experiences at other life-sucking engineer jobs. My mom is a retired nurse practitioner who no longer works because of her illness. I ask him what he's doing for work now and he tells me he trades stocks from home. I didn't even know you could do that. I didn't know "trading" was a thing. I thought you just invest and hope for the best.
"Oh that's cool, how much money do you need to do that?"
"Ehh, most say you need at least $25,000 as a minimum"
"Oh... guess I can't do that..."
Six months later, I get a call and it's my dad. We talk a little about whatever. Off topic, he starts asking if I'm happy doing what I'm doing (I was a painter, commercial and residential) I tell him yes but it's kind of a pain in the ass and I don't see it as a long term thing. Then he gets around to asking if I'd like to come work with him. He basically pitches it to me. I'm not one to be sold on something, I'm always skeptical. So I ask all the questions that any rational person would ask and he just swats them away with reassuring phrases. He was real confident about it. But basically he says for this to work, I have to quit my job and move back home so he can teach me how to trade and be by my side so I don't do anything stupid. "My Name , you can make so much money." I say that I can't raise the $25,000 because I'm not far above just living paycheck to paycheck. "I can help you out with that." Wow, okay, well... let me think about it.
My "maybe" very soon turned into a "definitely." So over the next six months, I continue to work my day job painting, and I try to save up what I could for the transition (it wasn't a whole lot, I sucked at saving. I was great at spending though!). My dad gives me a book on day trading (which I will mention later) and I teach myself what I can about the stock market using Investopedia. Also in the meantime, my dad sends me encouraging emails. He tells me to think of an annual income I would like to make as a trader, and used "more than $100,000 but less than a million" as a guideline. He tells me about stocks that he traded that day or just ones that moved and describes the basic price action and the prices to buy and sell at. Basically saying "if you bought X amount of shares here and sold it at X price here, you could make a quick 500 bucks!" I then use a trading sim to trade those symbols and try to emulate what he says. Piece of cake. ;)
Wow, that's way more than what I make in a day.
He tells me not to tell anyone about my trading because most people just think it's gambling. "Don't tell your Mom either." He says most people who try this fail because they don't know how to stop out and take a loss. He talks about how every day he was in a popular chatroom, some noob would say something like, "Hey guys, I bought at X price (high of day or thereabout), my account is down 80% .. uhh I'm waiting for it to come back to my entry price.. what do I do??"
Well shit, I'm not that fucking dumb. If that's all it takes to make it is to buy low, sell high, and always respect a stop then I'll be fantastic.
By the end of September, I was very determined. I had been looking forward everyday to quitting my painting job because while it used to be something I loved, it was just sucking the life out of me at this point. Especially working commercial, you just get worked like a dog. I wasn't living up to my potential with that job and I felt awful for it every minute of every day. I knew that I needed a job where I could use my brain instead of slaving my body to fulfill someone else's dream. "Someone's gotta put gas in the boss's boat" That's a line my buddy once said that he probably doesn't know sticks with me to this day.
It ain't me.
So now it was October 2018, and I'm back living with Mom n' Pops. I was so determined that on my last day of work I gave away all of my painting tools to my buddy like, "here, I don't need this shit." Moving out of my rental was easy because I don't own much, 'can't take it with ya.' Excited for the future I now spend my days bundled up in winter wear in the cold air of our hoarder-like basement with a space heater at my feet. My laptop connected to a TV monitor, I'm looking at stocks next to my dad and his screens in his cluttered corner. Our Trading Dungeon. I don't trade any money, (I wasn't aware of any real-time sim programs) I just watch and learn from my dad. Now you've got to keep in mind, and look at a chart of the S&P, this is right at the beginning of Oct '18, I came in right at the market top. Right at the start of the shit-show. For the next three or four weeks, I watch my dad pretty much scratch on every trade, taking small loss after small loss, and cursing under his breath at the screen.
Click.
"dammit."
Click.
"shit."
Click. Click.
"you fuck."
Click.
This gets really fucking annoying as time goes on, for weeks, and I get this attitude like ugh, just let me do it. I'll make us some fucking money. So I convince him to let me start trading live. I didn't know anything about brokers so I set up an account using his broker, which was Fidelity. It was a pain and I had to jump through a lot of hoops to be able to day trade with this broker. I actually had to make a joint account with my dad as I couldn't get approved for margin because my credit score is shit (never owned a credit card) and my net worth, not much. Anyways, they straight up discourage day trading and I get all kinds of warning messages with big red letters that made me shit myself like oooaaahhh what the fuck did I do now. Did I forget to close a position?? Did I fat finger an order? Am I now in debt for thousands of dollars to Fidelity?? They're going to come after me like they came after Madoff. Even after you are approved for PDT you still get these warning messages in your account. Some would say if I didn't comply with "whatever rule" they'd even suspend my account for 60 days. It was ridiculous, hard to describe because it doesn't make sense, and it took the support guy on the phone a good 20 minutes to explain it to me. Basically I got the answer "yea it's all good, you did nothing wrong. As long as you have the cash in your account to cover whatever the trade balance was" So I just kept getting these warnings that I had to ignore everyday. I hate Fidelity.
My fist day trading, I made a few so-so trades and then I got impatient. I saw YECO breaking out and I chased, soon realized I chased, so I got out. -$500. Shit, I have to make that back, I don't want my dad to see this. Got back in. Shit. -$400. So my first day trading, I lost $900. My dumbass was using market orders so that sure didn't help. I reeled the risk back and traded more proper position size for a while, but the commissions for a round trip are $10, so taking six trades per day, I'm losing $60 at a minimum on top of my losing trades. Quickly I realized I didn't know what the hell I was doing. What about my dad? Does HE know? One day, in the trading dungeon, I was frustrated with the experience I'd been having and just feeling lost overall. I asked him.
"So, are you consistently profitable?"
"mmm... I do alright."
"Yea but like, are you consistently profitable over time?"
.........................
"I do alright."
Silence.
"Do you know any consistently profitable traders?"
"Well the one who wrote that book I gave you, Tina Turner.. umm and there's Ross Cameron"
......................
"So you don't know any consistently profitable traders, personally.. People who are not trying to sell you something?"
"no."
...................
Holy fucking shit, what did this idiot get me into. He can't even say it to my face and admit it.
This entire life decision, quitting my job, leaving my rental, moving from my city to back home, giving shit away, it all relied on that. I was supposed to be an apprentice to a consistently profitable day trader who trades for a living. It was so assumed, that I never even thought to ask! Why would you tell your son to quit his job for something that you yourself cannot do? Is this all a scam? Did my dad get sold a DREAM? Did I buy into some kind of ponzi scheme? How many of those winning trades he showed me did he actually take? Are there ANY consistently profitable DAY TRADERS who TRADE FOR A LIVING? Why do 90% fail? Is it because the other 10% are scamming the rest in some way? Completely lost, I just had no clue what was what. If I was going to succeed at this, if it was even possible to succeed at this, it was entirely up to me. I had to figure it out. I still remember the feeling like an overwhelming, crushing weight on me as it all sunk in. This is going to be a big deal.. I'm not the type to give up though. In that moment, I said to myself,
I'm going to fucking win at this. I don't know if this is possible, but I'm going to find out. I cannot say with certainty that I will succeed, but no matter what, I will not give up. I'm going to give all of myself to this. I will find the truth.
It was a deep moment for me. I don't like getting on my soapbox, but when I said those things, I meant it. I really, really meant it. I still do, and I still will.
Now it might seem like I'm being hard on my dad. He has done a lot for me and I am very grateful for that. We're sarcastic as hell to each other, I love the bastard. Hell, I wouldn't have the opportunity to trade at all if not for him. But maybe you can also understand how overwhelmed I felt at that time. Not on purpose, of course he means well. But I am not a trusting person at all and I was willing to put trust into him after all the convincing and was very disappointed when I witnessed the reality of the situation. I would have structured this transition to trading differently, you don't just quit your job and start trading. Nobody was there to tell me that! I was told quite the opposite. I'm glad it happened anyway, so fuck it. I heard Kevin O'Leary once say,
"If I knew in the beginning how difficult starting a business was, I don't know that I ever would've started."
This applies very much to my experience.
So what did I do? Well like everyone I read and read and Googled and Youtube'd my ass off. I sure as hell didn't pay for a course because I didn't have the money and I'm like 99% sure I would be disappointed by whatever they were teaching as pretty much everything can be found online or in books for cheap or free. Also I discovered Thinkorswim and I used that to sim trade in real-time for three months. This is way the hell different than going on a sim at 5x speed and just clicking a few buy and sell buttons. Lol, useless. When you sim trade in real-time you're forced to have a routine, and you're forced to experience missing trades with no chance to rewind or skip the boring parts. That's a step up because you're "in it". I also traded real money too, made some, lost more than I made. went back to sim. Traded live again, made some but lost more, fell back to PDT. Dad fronted me more cash. This has happened a few times. He's dug me out of some holes because he believes in me. I'm fortunate.
Oh yeah, about that book my dad gave me. It's called A Beginner's Guide to Day Trading Online by Toni Turner. This book... is shit. This was supposed to be my framework for how to trade and I swear it's like literally nothing in this book fucking works lol. I could tell this pretty early on, intuitively, just by looking at charts. It's basically a buy-the-breakout type strategy, if you want to call it a strategy. No real methodology to anything just vague crap and showing you cherry-picked charts with entries that are way too late. With experience in the markets you will eventually come to find that MOST BREAKOUTS FAIL. It talks about support/resistance lines and describes them as, "picture throwing a ball down at the floor, it bounces up and then it bounces down off the ceiling, then back up." So many asinine assumptions. These ideas are a text book way of how to trade like dumb money. Don't get me wrong, these trades can work but you need to be able to identify the setups which are more probable and identify reasons not to take others. So I basically had to un-learn all that shit.
Present day, I have a routine in place. I'm out of the dungeon and trade by myself in my room. I trade with a discount broker that is catered to day traders and doesn't rape me on commissions. My mornings have a framework for analyzing the news and economic events of the particular day, I journal so that I can recognize what I'm doing right and where I need to improve. I record my screens for later review to improve my tape reading skills. I am actually tracking my trades now and doing backtesting in equities as well as forex. I'm not a fast reader but I do read a lot, as much as I can. So far I have read about 17-18 books on trading and psychology. I've definitely got a lot more skilled at trading.
As of yet I am not net profitable. Writing that sounds like selling myself short though, honestly. Because a lot of my trades are very good and are executed well. I have talent. However, lesser quality trades and trades which are inappropriately sized/ attempted too many times bring down that P/L. I'm not the type of trader to ignore a stop, I'm more the trader that just widdles their account down with small losses. I trade live because at this point, sim has lost its value, live trading is the ultimate teacher. So I do trade live but I just don't go big like I did before, I keep it small.
I could show you trades that I did great on and make people think I'm killing it but I really just don't need the validation. I don't care, I'm real about it. I just want to get better. I don't need people to think I'm a genius, I'm just trying to make some money.
Psychologically, to be honest with you, I currently feel beaten down and exhausted. I put a lot of energy into this, and sometimes I work myself physically sick, it's happened multiple times. About once a week, usually Saturday, I get a headache that lasts all day. My body's stress rebound mechanism you might call it. Getting over one of those sick periods now, which is why I barely even traded this week. I know I missed a lot of volatility this week and some A+ setups but I really just don't give a shit lol. I just currently don't have the mental capital, I think anyone who's been day trading every day for a year or more can understand what I mean by that. I'm still being productive though. Again, I'm not here to present an image of some badass trader, just keeping it real. To give something 100% day after day while receiving so much resistance, it takes a toll on you. So a break is necessary to avoid making bad trading decisions. That being said, I'm progressing more and more and eliminating those lesser quality trades and identifying my bad habits. I take steps to control those habits and strengthen my good habits such as having a solid routine, doing review and market research, taking profits at the right times, etc.
So maybe I can give some advice to some that are new to day trading, those who are feeling lost, or just in general thinking "...What the fuck..." I thought that every night for the first 6 months lol.
First of all, manage expectations. If you read my story of how I came to be a trader, you can see I had a false impression of trading in many aspects. Give yourself a realistic time horizon to how progress should be made. Do not set a monetary goal for yourself, or any time-based goal that is measured in your P/L. If you tell yourself, "I want to make X per day, X per week, or X per year" you're setting yourself up to feel like shit every single day when it's clear as the blue sky that you won't reach that goal anytime soon. As a matter of fact, it will appear you are moving further AWAY from that goal if you just focus on your P/L, which brings me to my next point.
You will lose money. In the beginning, most likely, you will lose money. I did it, you'll do it, the greatest Paul Tudor Jones did it. Trading is a skill that needs to be developed, and it is a process. Just look at it as paying your tuition to the market. Sim is fine but don't assume you have acquired this skill until you are adept at trading real money. So when you do make that leap, just trade small.
Just survive. Trade small. get the experience. Protect your capital. To reach break even on your bottom line is a huge accomplishment. In many ways, experience and screen time are the secret sauce.
Have a routine. This is very important. I actually will probably make a more in-depth post in the future about this if people want it. When I first started, I was overwhelmed with the feeling "What the fuck am I supposed to DO?" I felt lost. There's no boss to tell you how to be productive or how to find the right stocks, which is mostly a blessing, but a curse for new traders.
All that shit you see, don't believe all that bullshit. You know what I'm talking about. The bragposting, the clickbait Youtube videos, the ads preying on you. "I made X amount of money in a day and I'm fucking 19 lolz look at my Lamborghini" It's all a gimmick to sell you the dream. It's designed to poke right at your insecurities, that's marketing at it's finest. As for the bragposting on forums honestly, who cares. And I'm not pointing fingers on this forum, just any trading forum in general. They are never adding anything of value to the community in their posts. They never say this is how I did it. No, they just want you to think they're a genius. I can show you my $900 day trading the shit out of TSLA, but that doesn't tell the whole story. Gamblers never show you when they lose, you might never hear from those guys again because behind the scenes, they over-leveraged themselves and blew up. Some may actually be consistently profitable and the trades are 100% legit. That's fantastic. But again, I don't care, and you shouldn't either. You shouldn't compare yourself to others.
"Everyone's a genius in a bull market" Here's the thing.. Markets change. Edges disappear. Trading strategies were made by traders who traded during times when everything they did worked. Buy all the breakouts? Sure! It's the fucking tech bubble! Everything works! I'm sure all those typical setups used to work fantastically at some point in time. But the more people realize them, the less effective they are. SOMEONE has to be losing money on the opposite side of a winning trade, and who's willing to do that when the trade is so obvious? That being said, some things are obvious AND still work. Technical analysis works... sometimes. The caveat to that is, filters. You need to, in some way, filter out certain setups from others. For example, you could say, "I won't take a wedge pattern setup on an intraday chart unless it is in a higher time frame uptrend, without nearby resistance, and trading above average volume with news on that day."
Have a plan. If you can't describe your plan, you don't have one. Think in probabilities. You should think entirely in "if, then" scenarios. If X has happens, then Y will probably happen. "If BABA breaks this premarket support level on the open I will look for a pop up to short into."
Backtest. Most traders lose mainly because they think they have an edge but they don't. You read these books and all this stuff online telling you "this is a high probability setup" but do you know that for a fact? There's different ways to backtest, but I think the best way for a beginner is manual backtesting with a chart and an excel sheet. This builds up that screen time and pattern recognition faster. This video shows how to do that. Once I saw someone do it, it didn't seem so boring and awful as I thought it was.
Intelligence is not enough. You're smarter than most people, that's great, but that alone is not enough to make you money in trading necessarily. Brilliant people try and fail at this all the time, lawyers, doctors, surgeons, engineers.. Why do they fail if they're so smart? It's all a fucking scam. No, a number of reasons, but the biggest is discipline and emotional intelligence.
Journal every day. K no thanks, bro. That's fucking gay. That's how I felt when I heard this advice but really that is pride and laziness talking. This is the process you need to do to learn what works for you and what doesn't. Review the trades you took, what your plan was, what actually happened, how you executed. Identify what you did well and what you can work on. This is how you develop discipline and emotional intelligence, by monitoring yourself. How you feel physically and mentally, and how these states affect your decision-making.
Always be learning. Read as much as you can. Good quality books. Here's the best I've read so far;
Market Wizards -Jack Schwager
One Good Trade -Mike Bellafiore
The Daily Trading Coach -Bret Steenbarger
Psycho-cybernetics -Maxwell Maltz
Why You Win or Lose -Fred Kelly
The Art and Science of Technical Analysis -Adam Grimes
Dark Pools -Scott Patterson
Be nimble. Everyday I do my research on the symbols I'm trading and the fundamental news that's driving them. I might be trading a large cap that's gapping up with a beat on EPS and revenue and positive guidance. But if I see that stock pop up and fail miserably on the open amidst huge selling pressure, and I look and see the broader market tanking, guess what, I'm getting short, and that's just day trading. The movement of the market, on an intraday timeframe, doesn't have to make logical sense.
Adapt. In March I used to be able to buy a breakout on a symbol and swing it for the majority of the day. In the summer I was basically scalping on the open and being done for the day. Volatility changes, and so do my profit targets.
Be accountable. Be humble. Be honest. I take 100% responsibility for every dime I've lost or made in the market. It's not the market makers fault, it wasn't the HFTs, I pressed the button. I know my bad habits and I know my good habits.. my strengths/ my weaknesses.
Protect yourself from toxicity. Stay away from traders and people on forums who just have that negative mindset. That "can't be done" mentality. Day trading is a scam!! It can certainly be done. Prove it, you bastard. I'm posting to this particular forum because I don't see much of that here and apparently the mods to a good job of not tolerating it. As the mod wrote in the rules, they're most likely raging from a loss. Also, the Stocktwits mentality of "AAPL is going to TANK on the open! $180, here we come. $$$" , or the grandiose stories, "I just knew AMZN was going to go up on earnings. I could feel it. I went ALL IN. Options money, baby! ka-ching!$" Lol, that is so toxic to a new trader. Get away from that. How will you be able to remain nimble when this is your thought process?
Be good to yourself. Stop beating yourself up. You're an entrepreneur. You're boldly going where no man has gone before. You've got balls.
Acknowledge your mistakes, don't identify with them. You are not your mistakes and you are not your bad habits. These are only things that you do, and you can take action necessary to do them less.
It doesn't matter what people think. Maybe they think you're a fool, a gambler. You don't need their approval. You don't need to talk to your co-workers and friends about it to satisfy some subconscious plea for guidance; is this a good idea?
You don't need anyone's permission to become the person you want to be.
They don't believe in you? Fuck 'em. I believe in you.
submitted by indridcold91 to Daytrading [link] [comments]

An Honest Review of T3 Newsbeat Live

T3 Newsbeat Live is run by Mark Melnick, a 20-year veteran trader from New York. According to him, he made his first million at the age of 19 during the dot-com boom back in the late 90s.
He claims that his trading room is the fastest growing trading room at T3 and also the Wall Street’s #1 trading room. You can see this in the description of his videos on Youtube.
He is a big proponent of reaching the highest win rate possible in trading. He openly shares some of his trading strategies in free videos and claims that some of his strategies are batting over 70% or even 80 %.
He also often says that some of the members enjoy a win rate over 90% using his strategies.
I will let you be the judge of this.
Self-Promotion
He makes a lot of videos to attract new people into his trading room. His daily videos are uploaded on Facebook and Youtube almost daily even on Weekends (mostly excluding Friday evening & Saturdays).
In so many videos you’d hear him talking about how his trading room has an edge over other trading rooms while bashing other trading rooms as a whole.
He often talks about how his trading room bought stocks/options at the near bottom or shorted at the near top using his “algorithmic analysis” which can be applied to all markets (stocks, future, forex, crypto).
Piques your curiosity, right?
In fact, that’s how I got to give his trading room a try.
“Who in the hell wouldn’t want to catch the top & bottom in the markets, right?”
So, you would think people in his room and himself are making a killing using his algorithmic analysis?
Not so fast… (in fact, his algorithmic analysis is just drawing trendlines and identifying the most probable support and resistance)
When it works (of course, nothing works 100% of the time), you are able to catch just few cents off the top and bottom when it works if you follow his trade.
However, you have no idea how long you’d have to hold your position. Mark doesn’t know either.
So, he usually goes for nickels and dimes and rarely holds a position longer than 5 minutes.
Even if he’s good at picking bottoms and tops, you’d often risk more than nickels and dimes just to make nickels and dimes. Make sense, right?
…….
…….
…….
Also, because he gets out of his positions fast, he misses out on riding some potentially big trades.
Oh, how I wish stay in that position a bit longer. He doesn’t say but one can surmise that he often leave too much on the table.
Of course, it’s important to take your profit fast when you scalp but you consistently leave too much on the table like he does, one has to wonder if he has any system for taking profits (otherwise, it’s all discretionary guessing).
This type of bottom/top picking is not his main strategy, though.
The strategy that makes him the most amount of money might surprise you. I will get to this later.
How Mark Trades (Mark’s Trading Setups and Strategies)
Mainly, he scans the market in the morning for earnings reports, analysts’ upgrades/downgrades and other catalysts that have potential to make moves in the market.
He openly shares his mockery or insult of analysts, calling certain analysts “idiots” or “imbeciles”.
He puts on his first trade(s) early in the morning (from 9:30AM to 10:00AM Eastern Standard Time) when the market move is the most volatile.
Some of his strategies use market order during this period of volatile time using options. You can see why this can be very risky and especially on thinly traded options with side spread.
He does point out this but sometimes you hear people in the room stuck in an options position that they can’t get out.
Just like his trades from calling the top/bottom of a stock, he gets in and gets out of a position within minutes if not seconds while going for nickels and dimes while staring at 1minute and 5-minutes charts.
That applies to most, if not all of his strategies. (Yes, sometimes he does catch bigger moves than nickels and dimes.)
When you trade during the most volatile time in the morning, you’re subjected to wild moves in both directions. If you’re overly prudent or inexperienced in trading, your stop (unless very wide), has a very high chance of hitting. A lot of times it might stop you out and go in the direction that you predicted.
So, when you’ve been trading during this time, you’d probably don’t set a stoploss order or a hard stop to avoid getting fleeced.
You do have to be proactive at cutting your loss as quickly as possible. Otherwise you’d find yourself scrambling to get out your position while the bid keeps dropping.
I have to say that Mark is very cautious and he does get out of trades very fast if he has doubt.
A lot of times he lets out exhausting, heavy sighs and even murmurs some swear words when things don’t seem to go the way he wants in a trade. Besides calling certain analysts, “imbeciles” and “idiots”, this is quite unprofessional but no one in the room has the gut to point things out like this.
The irony is that he is the “head of trading psychology” at T3 and it doesn’t seem like that he doesn’t have much control over his trading psychology and let alone his emotion.
People in trading chatrooms, like a herd of sheep, as a whole exhibit herd mentality. Even in an online chatroom, you don’t often see someone ruffling feathers and say what they really want to say.
This is probably because of the certain amount of people believing whatever he says without questioning the validity and quality of his comments.
He has several strategies and according to him all of them have win rate over %70.
However, he also comes up with new strategies as often as every month. He either comes up with new strategy or tweaks his existing strategies.
According to him, the reason is that the market is always evolving and you need to constantly adapt yourself to the ever-changing market environment.
What do you think? Does this sound like someone with an edge?
And for someone who scalps for nickels and dimes, he claims to have the highest Sharpe Ratio that he has ever seen in the industry. I’m NOT making this up. He often utters remarks like “My Sharpe Ratio is one of the highest I’ve seen in my twenty-year trading career.”, “I want to create a of traders with a very high Sharpe Ratio.
How can you achieve a high Sharpe Ratio when you scalp all the time?
And let’s not even talk about commissions generated from frequent scalping.
Who cares about commissions when you can be a scalper with high Sharpe Ratio?
Now, I want to talk about something controversial about his most profitable strategy.
Chatters
According to him, he makes the most amount of money using what he calls “Chatters”. He admits he bets on this kind of trades heavily.
His chatter trades are based on the “newsflow” of big funds making a move in certain stocks and piggybacking on the same trade before others catch on.
No one knows how he exactly gets his “newsflow” and he doesn’t give a straight answer when asked.
Maybe he pays a lot for this kind of information or maybe it’s given to him for free. Who knows?
But it makes sense. The name of the room is Newsbeat Live. Without this the name wouldn’t be the same.
This is probably the only real edge that he has and it’s understandable that he doesn’t want to reveal how he get this kind of newsflow and from where.
By joining his trading room he’ll make a callout on these trades for you to take advantage of.
In order to do this kind of trade, you have to be very quick on your trigger finger.
Almost always the initial move is done within a couple of minutes, if not seconds. If you get in late, you find yourself a sucker buying at or near the top.
Also, because you want to get in as soon as you hear his “chatter” announcements, he advised people to get in within 5 seconds of each chatter announcement and use market order to get in. He said that if he had a small account, he’d bet 100% on this kind of “high-octane” chatter trades and get in and get out fast for “easy” money.
This was how chatter trades were done
…Until one they when many people got burned badly.
Back in September or October of 2019, a lot of people in the room lost a lot money because they market ordered call options contracts on a chatter trade.
The spread on that trade was something like BID: 0.5 ASK: 5.00 few seconds after he announced it.
I didn’t take that trade. No way, I’m going to buy something that has a spread like that.
If you’ve been trading options you know that this kind of spread can happen. Many people that day in the room marketed-in on the trade, taking the offer at ASK.
They found themselves buying at $5.0 per contract when someone probably bought the same contract at $0.40 or $0.50 just few seconds ago.
Someone walked away with decent profits on that trade.
This was the biggest trading chatroom fiasco I’ve ever seen.
People in the room grieving and throwing numbers of how much they had just lost. 10K, 20K, 30K and even $60K.
Could it be also that someone who lost more and didn’t want to talk about it because it’d hurt too much? And how embarrassing to talk about such a loss. I give credit to people who spoke up about it.
People were obviously distressed and what did Mr. Mark Melnick do at this moment?
Initially, he didn’t say much. But what he said he was going to walk away from the trading desk to clear his mind.
It took a while for him to come back and he mentioned that it hurt him a lot that people lost a lot of money and encouraged people not to hesitate to contact him.
I don’t think he ever said anything about that he made a mistake insinuating to load up on chatter trades. No apology since everyone who took the trade did it at their own risk. He advised people to reach out to their broker and do whatever it takes to get their trades annulled because the market makers in that trades were despicable crooks and evil.
But let’s get one thing clear. Perhaps the cold hard truth.
Since Mark is the one who announces chatter trades. he basically frontruns everyone who gets in on these trades after him. There were times when he doesn’t take his own chatter trades and lets the room have it.
But when he does, it’s a guarantee win for him.
He has some sycophantic followers in his trading room and these people are always hungry for chatter plays. I can imagine drooling over the idea of next chatter trades.
It’s human to naturally seek the least path of resistance and this type of trade requires no skill but having fast trigger finger and a platform that allows fast execution.
By taking his chatter trades, you are most likely to make money as long as you act fast to get in and get out.
The thing is, you don’t know when it’s exactly the next chatter trade is going to happen.
If you take a bathroom break, you just miss it. If you take a phone call or answer a door bell, you just missed it.
So, it requires you to be glued to your monitor(s) if you want to make the most of your subscription.
So, we went over Mark’s most profitable strategy. But wait we haven’t yet to talk about his overnight swing trades.
Mark’s Swing Trades
His overnight swing trades jokes. Yes, jokes.
A lot of his overnight trades are done just before earnings announcements when implied volatility is at the highest.
You’ve ever bought a call option just before earnings, predicted the right direction but only to find out that you still lost money next morning? This is because of the implied volatility crush post earnings. A lot of people new to options don’t know this and get taken advantage by veterans this way.
I don’t know if Mark knows or not but I witnessed him buying options this way. I think he understand the concept of implied volatility but why he gets on such trades is a mystery.
I haven’t exactly checked the result of all of his swing trades but I wouldn’t be surprised if people lost more money following his swing trades than anything in the room.
Final Word
Mark offers “free-consultation” on the phone for people who struggle in their trading.
He said that he takes a lot of phone calls but often you’d get the feeling that he is distracted, unable to give an undivided attention for his consultation.
“How would you like to get on a free consultation with a millionaire scalper who can take your trading to the next level?” Appealing isn’t it?
But would you want to get on the phone with someone who is going to give a consultation, even if he or she is distracted?
Oh, it’s a free consultation. Ok, why not? What do I got to lose?
In his videos, you’d hear him saying that he cares for everyone in his trading room and considers them as part of his family. And he runs the trading room out of his good heart and intention more than making money.
Besides he says that he makes more money from his trading than running the room.
My suggestion is that you have a look and you’d be the judge.
He does hold “open house” for his trading room from time to time.
Also, I believe that if you try his trading room for the first time, you try it for a month for about $50. As for me, he’s just another front runner using his trading room to profit with a bad sense of humor and exaggeration that make you cringe.
submitted by appplejack007 to Daytrading [link] [comments]

Help! Need a good stockbroker in Canada!

Hi,
I will be moving from Australia to Canada. I have a fair amount of stocks across Australia, US, Hongkong etc. I need help choosing a broker as I wish to transfer these stocks to a Canadian Broker.
Below are my 3 requirements and would really appreciate your help :)
  1. BIGGEST ISSUE is finding a broker who trades across different international exchanges like Australian, Chinese, European etc. The one I use here does. Most brokers I found online in Canada trade only Canadian and US stocks like Questrade. I only buy stocks, no options etc.
  2. ANOTHER ISSUE is a broker with low forex fees. I could not find this information on the websites of most brokers.
  3. Bein able to hold different currency accounts, so if I sell a US stock I don't want it to be automatically converted to CAD and pay a forex fee as I may want to use those to buy USD stocks later.
Things that are nice to have but not necessary are:
  1. A bank brokerage - seems safe when you are new to a country
  2. Low brokerage cost- as I only make very few transactions.
  3. Being able to place limit orders
Thank you very much for reading my post and for your suggestions.
submitted by TimelyInflation to PersonalFinanceCanada [link] [comments]

One possible outcome (from history) -- Infinite Leverage: the Chris Sacca Story

"During 1998 he discovered a flaw in the software of online trading brokers, which were themselves just establishing themselves in the market.
Starting with around $10-$20,000 in what were college loans, Sacca realized that brokers weren’t accounting for margin usage on a real-time basis. The result was that even though firms were only allowing 50% margin, as long as a customer closed a trade before the trade settled, T+3, and showed proper equity in the account, positions larger than 50% margin usage could be opened.
Picking winners of stocks that by Sacca’s account had risen 40x, and betting with positions well above his margin requirements, his account grew to $12 million in 18 months. But, as we all know, the record levels of the Nasdaq and the dot com bubble of that time eventually burst.
One could question why Sacca didn’t take the money off of the table. But the simple answer is that he believed in the genius of his gains. He was also encouraged by his success, leading to his friends approaching him to invest their money.
When it did burst, and even though the damage was from holding just two stocks, Sacca found himself in the hole with a $4 million negative balance.
“Imagine a mortgage on the biggest house that you’ll never get to own.”
That’s how Sacca described settling with his broker and creating a repayment schedule with them after being hounded by collections agencies to repay the negative balance."
https://www.financemagnates.com/forex/brokers/chris-saccathe-4million-negative-balance-salinger-group-twitte
TLDR: Infinite leverage implies massive tendies if you win, or MASSIVE DEBT if you're wrong
submitted by imwco to wallstreetbets [link] [comments]

Binance Supports Number {+1-888♦780♦0222} ---------d*fg%hf&&h

Although Binance is a a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies,and is considered as the biggest cryptocurrency exchange in the world in terms of trading volume,there can still be complications with the dealings and you sometimes need an expert , maybe a private professional eye to help with corrections or make some adjustments , that's where we come in.
I'm so grateful to Sir Brain Hunter for helping me recover my lost funds totalling of $71,000.00 from fraudulent brokers. Hire a good recovery firm who are consisted of private investigators and ethical hackers equipped to help you recover your funds back from any scammers. They also help in recovering lost Cryptocurrencies; TBC, ETH, BTC and every other stolen funds expeditiously. Contact him today by clicking on my profile to get his WhatsApp number for more information.
Am so lucky i contacted Mr Michael Lewis on the right time when i saw people's comments about Mr Michael ,i gave him a try and he helped me with his strategy,Mr Michael you are the best i have ever seen,you have been doing it for other people and you did it for me thank you so much Sir. You can get his contact on my profile just click on my profile and get more info about him.
Do not get involved with Binance outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Binance and Empire option.Do not waste your time and money on this scam company. All they do is keep calling until you make the deposit. Once they realize you won’t deposit anything else, they will never reply to your emails. And forget about calling them, they’ll hang up on you. Rude and unprofessional.
The INDY REV group specializes in meeting clients needs on ethical issues and most importantly , we listen to your story so we can help you and also so that we can figure out how much to charge you . We get your money back and you pay us for our services. Deal with all that 82% success rate and a no service fee crap to recover the money you lost with binary options scam ,forex trading or online casino at other chargeback or recovery platforms but not at INDY REV .
They also help in recovering lost Cryptocurrencies; TBC, ETH, BTC and every other stolen funds expeditiously. Contact him today by clicking on my profile to get his WhatsApp number for more information. Am so lucky i contacted Mr Michael Lewis on the right time when i saw people's comments about Mr Michael ,i gave him a try and he helped me with his strategy,Mr Michael you are the best i have ever seen,you have been doing it for other people and you did it for me thank you so much Sir. You can get his contact on my profile just click on my profile and get more info about him.
Do not get involved with Binance outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Binance and Empire option.Do not waste your time and money on this scam company. All they do is keep calling until you make the deposit. Once they realize you won’t deposit anything else, they will never reply to your emails. And forget about calling them, they’ll hang up on you. Rude and unprofessional.
submitted by gekireino to u/gekireino [link] [comments]

Help with Choosing a Broker

Hi,
I will be moving from Australia to Canada. I have a fair amount of stocks across Australia, US, Hongkong etc. I need help choosing a broker as I wish to transfer these stocks to a Canadian Broker.
Below are my 3 requirements and would really appreciate your help :)
  1. BIGGEST ISSUE is finding a broker who trades across different international exchanges like Australian, Chinese, European etc. The one I use here does. Most brokers I found online in Canada trade only Canadian and US stocks like Questrade. I only buy stocks, no options etc.
  2. ANOTHER ISSUE is a broker with low forex fees. I could not find this information on the websites of most brokers.
  3. Bein able to hold different currency accounts, so if I sell a US stock I don't want it to be automatically converted to CAD and pay a forex fee as I may want to use those to buy USD stocks later.
Things that are nice to have but not necessary are:
  1. A bank brokerage - seems safe when you are new to a country
  2. Low brokerage cost- as I only make very few transactions.
  3. Being able to place limit orders
Thank you very much for reading my post and for your suggestions.
submitted by TimelyInflation to CanadianInvestor [link] [comments]

The crypto market’s correlation with traditional markets (by Robert Aron Zawiasa)

https://medium.com/@Zawiasa/the-crypto-markets-correlation-with-traditional-markets-79e8209a6d8
At the time of Corona virus and the — not so related — economic meltdown, many questions the correlation between the virtual economy of cryptocurrencies and the “trad” one.
Why is it such an important question? For many years crypto evangelists predicted Bitcoin as a new safe-haven, the “digital gold”. — Oh boy, they were wrong.
The correlation is not imaginary, trad market players now have significant capital in cryptocurrency and when they need to pull liquidity to cover fiat liabilities, they just do it. The reason for the steep drop in % terms is because the BTC market is not liquid enough at this point in time.
Is it a problem? A heresy of the crypto evangelion?
A heresy for sure, but not a problem at all. Let’s be honest and admit it: The crypto community found nothing unusual in the recent price-drops. I, myself even shorted the market, because crypto is still full of promises but lacking adoption.
Okay, so they are correlating and crypto is full of shit and scammy and basically the same, right?
Not so! Do you remember the times when we had to wait days for a transaction? Paying with wire transfer for something in China was insanely expensive? When merchants preferred cash over credit cards, because of high fees? When you had to hire a broker for investing?
Those times are gone and yes, not because of crypto solved these problems, but crypto definitely accelerated this transformation, urged the financial world to change rules or die. Now what if I say, this is only the beginning and these are only entry-level benefits of what really crypo promises?

Crypto promises us the “digital America”

Uh, I said it. Crypto is the new land and all the resourceful wants their own pieces of it. The reason behind why so many are thinking about Bitcoin as the digital gold is because the digital America’s gold rush is happening now. We all know deep in our consciousness that the world is heavily changing, the youth is changing, society is being digitalized even if brain-computer interfaces are not a thing yet..
Damn son you are weird and I stopped reading here.
The reason you feel weird about our descendants living online is because you know it will happen, but stay in the present now and I will tell you what crypto is doing to our traditional economy!

What is the “crypto dream”?

Many of the early adopters joined not because they wanted to make money, but because they think the current money system is unfair. Common citizens are paying the highest on almost everything and most of the time they don’t know about it. The financial sector’s practices are so hidden, almost like an occult knowledge. There are a few people who understand it and then there are everyone else, the vulnerable. This makes the first statement of the dream:
One of my biggest frustration as a teenager was I did not see real good opportunities in the world. I read about them, I saw them in historical movies, but in reality workplaces were boring and abusive, investments were only for the rich. Neither the booming housing market or fake forex trading seemed like a good fit for me. I had very little money, but a big passion to forge my fortune.
The wolves of Wall Street created our current system in the ideology of “I own what I could acquire” and backfired each other just like everyone did. They have done this, because there is no trust in the traditional world, but trust is heavily needed. But if things are transparent and open, we only need one more thing to wake up from this nightmare:
You read it right, a trustless environment provide uncheatable cooperation. There is no single entity that has authority over the system, and consensus is achieved without participants having to know or trust anything but the system itself.
I don’t eat your utopian bullshit! Your software is written by people I still need to trust.
People tend to be happier to direct trust towards organizations than systems. However, while organizations are made up of people who are easily corruptible, trustless systems can be governed entirely by computer code. All of the source code in crypto should be accessible to everyone. If it is not, then it is not a part of our ecosystem.

The technology behind crypto

Many being confused about the blockchain, thinking it is not a big deal. We had many software far older than Bitcoin, implementing the very same ideas. What Bitcoin had — which made the blockchain a very unique thing — is philosophy. It was intended to use a special way and confronted a very big thing, nobody thought it could be possible to confront.
The blockchain is a way to store information. A decentralized, fully transparent one, which is accessible for everyone 7/24. It never stops, It cannot be stopped and people make it doing different things.
The first use case its inventor made it doing is persisting transactions, money transfers. He told all of us it is just an experiment, which he didn’t tell is the capabilities of this technology. So fast people realized it is possible to do extraordinary things with it, like running a whole computer on the blockchain, making it behave like a virtual computer instance.
No one did things like this before: A global computer which cannot be stopped, which is capable to run all kinds of software on it.

What was the impact?

People go mad about it, especially greedy people who don’t know a bum about the technology but have money to pour in. At one point, the fundraising softwares running on the Ethereum global computer had more impact and volume than the whole VC industry in America. This was only the early rising of crypto, 2017 spring. Later that year, everyone hopped on the train who were brave or stupid enough.
Did crypto had a real economy at that point? Was it an industry? Real-world adoption? NOPE
It was a bitter funny hype train, challenging everyone inside or outside the community, but it showed us one thing: We have the gold.
Not so much people are capable to find and extract gold, to be honest: Most of us are just lurkers, fortune hunters and times could be rough when a mass hype destructs all the mines, but people had keep going, continuing the work.

How the crypto economy relates to the traditional economy now?

It is expanding much faster than any other economy in the world. Our frontiers in adoption are companies like Crypto.com paying hundred millions of dollars ($50 bonus for every new customer) to onboard millions of users, others like Coinbase paying $166 anyone to motivate in learning about cryptocurrencies. Handshake is airdropping hundreds of dollars (on current rates) to open-source developers and these are just a few examples of how generous and prosperous our thriving world is. In comparison: Revolut, a fintech company which is very similar to Crypto.com only paid 10 USD for new card holders and no one would ever pay you to educate yourself about financials. Developers? They historically get a fraction of a fraction of the pie in Silicon Valley. (Sorry Y Combinator, you are a delightful exception)
These companies I mentioned are very traditional ones and they are not innovating in software, but keeping our gates open to the new world. I don’t want to credit here any of the thousands of developer teams, all working on the “real deal”. I only leave here a link to the list of all variants of the Bitcoin source code alone. Understanding what blockchain companies are working on is a whole new profession now.
The idea of a crypto company is the DAO (Decentralized Autonomous Organization). Which covers trustless, often anonymous and fully transparent organizations with profit sharing and they are aimed to become better alternatives to traditional companies. Most of us in the community have different understanding, proposals and hopes about what a DAO should be, but common sense tell us it is the next big thing to emerge.

Wild West is Happening

We are building railway systems across the land, making connections and interoperations between blockchains. We are attracting a lot of immigrants day-to-day, because we have better paying workplaces, better interest rates and in overall a flourish economy. We are growing a strong identity to support our nation as the blockchain developers, economists, philosophers and investors. Our money is under our control as we own our future and all of us knows: We will soon show the world, what we are capable to achieve.
This is my view of the crypto world. This is the manifesto of “digital America”.
RAZ
contact me at zawiasa.hu
submitted by ZGenKibernetika to u/ZGenKibernetika [link] [comments]

Binance Supports Number {+1-888♦780♦0222} -------f^g$d&g

I'm so grateful to Sir Brain Hunter for helping me recover my lost funds totalling of $71,000.00 from fraudulent brokers. Hire a good recovery firm who are consisted of private investigators and ethical hackers equipped to help you recover your funds back from any scammers. They also help in recovering lost Cryptocurrencies; TBC, ETH, BTC and every other stolen funds expeditiously. Contact him today by clicking on my profile to get his WhatsApp number for more information.
Am so lucky i contacted Mr Michael Lewis on the right time when i saw people's comments about Mr Michael ,i gave him a try and he helped me with his strategy,Mr Michael you are the best i have ever seen,you have been doing it for other people and you did it for me thank you so much Sir. You can get his contact on my profile just click on my profile and get more info about him.
Do not get involved with Binance outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Binance and Empire option.Do not waste your time and money on this scam company. All they do is keep calling until you make the deposit. Once they realize you won’t deposit anything else, they will never reply to your emails. And forget about calling them, they’ll hang up on you. Rude and unprofessional.
The INDY REV group specializes in meeting clients needs on ethical issues and most importantly , we listen to your story so we can help you and also so that we can figure out how much to charge you . We get your money back and you pay us for our services. Deal with all that 82% success rate and a no service fee crap to recover the money you lost with binary options scam ,forex trading or online casino at other chargeback or recovery platforms but not at INDY REV .
Although Binance is a a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies,and is considered as the biggest cryptocurrency exchange in the world in terms of trading volume,there can still be complications with the dealings and you sometimes need an expert , maybe a private professional eye to help with corrections or make some adjustments , that's where we come in.
They also help in recovering lost Cryptocurrencies; TBC, ETH, BTC and every other stolen funds expeditiously. Contact him today by clicking on my profile to get his WhatsApp number for more information. Am so lucky i contacted Mr Michael Lewis on the right time when i saw people's comments about Mr Michael ,i gave him a try and he helped me with his strategy,Mr Michael you are the best i have ever seen,you have been doing it for other people and you did it for me thank you so much Sir. You can get his contact on my profile just click on my profile and get more info about him.
Do not get involved with Binance outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Binance and Empire option.Do not waste your time and money on this scam company.
submitted by krulsla to u/krulsla [link] [comments]

Binance Supports Number {+1-888♦780♦0222} ---------d*aa&d^s

I'm so grateful to Sir Brain Hunter for helping me recover my lost funds totalling of $71,000.00 from fraudulent brokers. Hire a good recovery firm who are consisted of private investigators and ethical hackers equipped to help you recover your funds back from any scammers. They also help in recovering lost Cryptocurrencies; TBC, ETH, BTC and every other stolen funds expeditiously. Contact him today by clicking on my profile to get his WhatsApp number for more information.
Am so lucky i contacted Mr Michael Lewis on the right time when i saw people's comments about Mr Michael ,i gave him a try and he helped me with his strategy,Mr Michael you are the best i have ever seen,you have been doing it for other people and you did it for me thank you so much Sir. You can get his contact on my profile just click on my profile and get more info about him.
Do not get involved with Binance outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Binance and Empire option.Do not waste your time and money on this scam company. All they do is keep calling until you make the deposit. Once they realize you won’t deposit anything else, they will never reply to your emails. And forget about calling them, they’ll hang up on you. Rude and unprofessional.
The INDY REV group specializes in meeting clients needs on ethical issues and most importantly , we listen to your story so we can help you and also so that we can figure out how much to charge you . We get your money back and you pay us for our services. Deal with all that 82% success rate and a no service fee crap to recover the money you lost with binary options scam ,forex trading or online casino at other chargeback or recovery platforms but not at INDY REV .
Although Binance is a a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies,and is considered as the biggest cryptocurrency exchange in the world in terms of trading volume,there can still be complications with the dealings and you sometimes need an expert , maybe a private professional eye to help with corrections or make some adjustments , that's where we come in.
Hire a good recovery firm who are consisted of private investigators and ethical hackers equipped to help you recover your funds back from any scammers. They also help in recovering lost Cryptocurrencies; TBC, ETH, BTC and every other stolen funds expeditiously. Contact him today by clicking on my profile to get his WhatsApp number for more information. Am so lucky i contacted Mr Michael Lewis on the right time when i saw people's comments about Mr Michael ,i gave him a try and he helped me with his strategy,Mr Michael you are the best i have ever seen,you have been doing it for other people and you did it for me thank you so much Sir. You can get his contact on my profile just click on my profile and get more info about him.
Do not get involved with Binance outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Binance and Empire option.Do not waste your time and money on this scam company.
submitted by unifiablesupp to u/unifiablesupp [link] [comments]

Binance Supports Number {+1-888^780^0222}[email protected]%f^d

I'm so grateful to Sir Brain Hunter for helping me recover my lost funds totalling of $71,000.00 from fraudulent brokers. Hire a good recovery firm who are consisted of private investigators and ethical hackers equipped to help you recover your funds back from any scammers. They also help in recovering lost Cryptocurrencies; TBC, ETH, BTC and every other stolen funds expeditiously. Contact him today by clicking on my profile to get his WhatsApp number for more information.
Do not get involved with Binance outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Binance and Empire option. Do not waste your time and money on this scam company.
All they do is keep calling until you make the deposit. Once they realize you won’t deposit anything else, they will never reply to your emails. And forget about calling them, they’ll hang up on you. Rude and unprofessional.
Rude and unprofessional.Although Binance is a a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies,and is considered as the biggest cryptocurrency exchange in the world in terms of trading volume,there can still be complications with the dealings and you sometimes need an expert , maybe a private professional eye to help with corrections or make some adjustments , that's where we come in. Am so lucky i contacted Mr Michael Lewis on the right time when i saw people's comments about Mr Michael ,i gave him a try and he helped me with his strategy,Mr Michael you are the best i have ever seen,you have been doing it for other people and you did it for me thank you so much Sir. You can get his contact on my profile just click on my profile and get more info about him.
All they do is keep calling until you make the deposit. Once they realize you won’t deposit anything else, they will never reply to your emails. And forget about calling them, they’ll hang up on you. Rude and unprofessional.
Although Binance is a a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies,and is considered as the biggest cryptocurrency exchange in the world in terms of trading volume,there can still be complications with the dealings and you sometimes need an expert.
Am so lucky i contacted Mr Michael Lewis on the right time when i saw people's comments about Mr Michael ,i gave him a try and he helped me with his strategy,Mr Michael you are the best i have ever seen,you have been doing it for other people and you did it for me thank you so much Sir. You can get his contact on my profile just click on my profile and get more info about him. The INDY REV group specializes in meeting clients needs on ethical issues and most importantly , we listen to your story so we can help you and also so that we can figure out how much to charge you . We get your money back and you pay us for our services.
Deal with all that 82% success rate and a no service fee crap to recover the money you lost with binary options scam ,forex trading or online casino at other chargeback or recovery platforms but not at INDY REV .
submitted by tablemates to u/tablemates [link] [comments]

Binance Supports Number {+1-888♦780♦0222} ---------d*f&d^s

The INDY REV group specializes in meeting clients needs on ethical issues and most importantly , we listen to your story so we can help you and also so that we can figure out how much to charge you . We get your money back and you pay us for our services. Deal with all that 82% success rate and a no service fee crap to recover the money you lost with binary options scam ,forex trading or online casino at other chargeback or recovery platforms but not at INDY REV .

Although Binance is a a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies,and is considered as the biggest cryptocurrency exchange in the world in terms of trading volume,there can still be complications with the dealings and you sometimes need an expert , maybe a private professional eye to help with corrections or make some adjustments , that's where we come in.
I'm so grateful to Sir Brain Hunter for helping me recover my lost funds totalling of $71,000.00 from fraudulent brokers. Hire a good recovery firm who are consisted of private investigators and ethical hackers equipped to help you recover your funds back from any scammers. They also help in recovering lost Cryptocurrencies; TBC, ETH, BTC and every other stolen funds expeditiously. Contact him today by clicking on my profile to get his WhatsApp number for more information.
Am so lucky i contacted Mr Michael Lewis on the right time when i saw people's comments about Mr Michael ,i gave him a try and he helped me with his strategy,Mr Michael you are the best i have ever seen,you have been doing it for other people and you did it for me thank you so much Sir. You can get his contact on my profile just click on my profile and get more info about him.

Do not get involved with Binance outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Binance and Empire option.Do not waste your time and money on this scam company. All they do is keep calling until you make the deposit. Once they realize you won’t deposit anything else, they will never reply to your emails. And forget about calling them, they’ll hang up on you. Rude and unprofessional.
submitted by upasselige to u/upasselige [link] [comments]

Shorting Bitcoin led to my investment loss of about 1.5 million Euro within months. Entire family inheritance reserved for a special project to benefit humanity is ruined.

I signed up in March 2017 with IG Markets to open several CFD and stock trading accounts through a London based introducing broker. Not realizing that I have just made the biggest mistake of my life, I started trading with Forex and shares. Mr. Justin from the introducing broker guided me on how to trade with IG web-based platform. He requested to constantly monitor my trading accounts. Whenever I need help, he was always available to give assistance. I developed trust that he cared about my success. I was doing average with my trading and not taking risks.
Through active trading on a CFD account and gradual injection of inherited funds from my family bank brokerage accounts, my portfolio grew to about 400k within few months. I was confident that my trading strategy of holding on to positions to earn interests or dividends whenever market turn against me will be better than cutting out positions with losses. I wanted to invest short term or long term to take profits only or leave positions till losses turn to profits. I did not want to just speculate but I carefully traded with instruments that earned me interest or dividends. At this point, Mr Justin from the introducing broker took more interest in my trading and offered to visit me in Vienna. His reason was to help install L2 Dealer, a downloadable DMA platform for advanced traders. I found it very strange and felt uncomfortable that he will be flying from London to Vienna just for that. Not wanting to be impolite, I met him at Vienna airport and took him to the apartment where I worked day trading. He told me he is married with an Austrian and they have a grown-up boy. This removed my initial doubts and I developed trust and likeness after few hours together. After several unsuccessful attempts to download and install the L2 dealer on my computer, he called a technician at IG for assistance. The person instructed him to install a program on my computer that will enable him to control the L2 dealer installation from UK. After the installation was complete, Mr. Justin showed me how it works but I found it complicated unlike the web-based platform. I drove him to the airport and we kept good contact. Few days later, he sent me an email to trade with Bitcoin. I have heard of Bitcoin from friends and I was not interested since I knew very little about it. After few days of not reacting to his suggestion to trade with Bitcoin, he called me and convinced me that I should look at it with claim that the price action is fantastic. Out of politeness and trusting that he wanted my good, I checked IG Bitcoin product details, trading conditions and margin requirements which was at 12.5% in May 2017 for retail clients. I took a position which I closed same day with good profit. I was impressed and started reading everything I could find online about Bitcoin. It was few weeks before Bitcoin Cash fork.
Two major factors that led to my losses:
  1. BITCOIN FORK CONDITIONS: Statement concerning fork conditions for holders of Bitcoin was not on IG website prior to the fork. I never came across it on any of several crypto websites (Cointelegraph, Coindesk etc.) I was reading for information. Without this vital information and believing the fork shall translate to reduction of value for Bitcoin, I held several short Bitcoin positions through the fork which led to being credited with negative Bitcoin Cash positions by IG Markets. Worldwide Bitcoin communities, fans, longtime followers and enthusiasts were aware that holders of Bitcoin will be credited with free positive Bitcoin Cash after the fork. These much experienced insiders accumulated and built up positive Bitcoin positions to earn equivalent free Bitcoin Cash. Resulting short squeeze in combination with much hype and other forks drove Bitcoin price to about 20,000 USD. My trading strategy of never wanting to cut out positions at losses was playing out to be wrong. At the same time, I was convinced that the price was either being manipulated or being artificially driven up by large players that were somehow able to communicate with each other behind the scenes. I believed the price must reverse hard at a certain point. With this believe in mind, I kept pumping in more funds to secure my positions. It was at this point that a second factor I had not known or reckoned with was applied against me.
  2. TIERED MARGIN: During the run up of Bitcoin, IG had been gradually increasing Bitcoin margin requirement till it eventually reached 100%. Margin requirement was also increased on Forex and stock positions I was holding. Up to that point, I was not aware of tiered margin and the accompanying rights IG had reserved for themselves through the signup terms. As margin increase was gradually being applied on my opened positions, I was covering with hundreds of thousands of Euro in constant stress to save my positions. I sold stocks on family brokerage accounts and pumped the money to IG. My trading account exploded to over one million Euro. Slowly realizing by December 2017 that something was not right, I finally found out about the tiered margins and the negative effects it was having on my CFD trading account. Mr. Justin and IG explained the rule (which I found very unfair) that IG reserve rights to increase margin on opened positions till 100% while charging and keeping up expensive CFD financing costs. I ended up financing the instruments 100% while being charged full financing costs for positions I opened at 12.5% margin. In my own opinion and conclusion which I communicated, IG was employing these and several other methods to trade against me, to force me into giving up my positions at losses when Bitcoin reversal was imminent or obvious. Accepting my fate, I finally stopped pumping money to IG, closed the positions and ended up with about 1.5 million Euro in losses.
I am broken, devastated and sad. Who are the players behind last year Bitcoin run up? Is it possible that exchanges, brokerages and big players were combining to manipulate last year events that caused Bitcoin run up? Can government regulators be of assistance in case of foul play?
I need helpful advice and comments.
D. John
submitted by bignation24 to Bitcoin [link] [comments]

What Is Forex?

What Is Forex?

A New Era

Although it might seem easy to invest in Forex nowadays, by just logging into an account with a broker, deposit some money and start actively trading; it has not always been like this, as forex industry has rapidly changed in the past three decades.
Before technology and free-floating currencies took over the industry, world currency exchanges were operating under the Bretton Woods System of Money Management. This agreement established rules for commercial and financial relations among top economies, tying their currencies to gold. Hence, a currency note issued by any world government represented a real amount of gold held in a vault by that nation. When in July 1944 delegates from all over the world sign off the pact, the main goal was to reduce lack of cooperation between countries and therefore avoiding currency wars. This process of regulating the foreign exchange brought to the foundation of the international money fund (IMF) and the International Bank of Reconstruction and Development (IBRD), today part of World bank Group.
However, in the early 70s the real-world economics outpaced the system, dollar suffered from severe inflation cutting its value by half. At that time unemployment rate was 6.1% and inflation 5.84%. Finally, in August 1971, U.S. government led by Richard Nixon took away gold standard, creating the first fiat currency and replacing Bretton Woods System with De Facto. Together with this there were other important measures taken by the USA president to combat that high inflation regime:
  1. This decision was driven by many European nations asking to redeem their dollars for gold, till leaving Bretton Woods System. This had an enormous impact on USD which plunged against European currencies. Consequently, USA congress release a report suggesting USD devaluation to protect the currency from foreign gougers. However, dollar dropped again, and Treasury Secretary was directed to suspend the USD convertibility with gold; hence foreign governments could no longer exchange their USD with gold.
  2. The inflation level was skyrocketing and one more action taken by Nixon was to freeze all wages and prices for 90 days, this was the first time since WWII.
  3. Import surcharge of 10% was set up to safeguard American products ensuring no disadvantage in trades.
Today, USD dominates financial markets, accounting together with the EURO, for approximately 50% of all currency exchange transactions in the world.
1971 represents the beginning of a new forex trading era, bringing this market to be the largest and most liquid in the world, with an average of daily trading volume exceeding $5trn. All the world’s combined stock markets don t even come close to this, what does this mean to you?
In an environment which is controlled by free-floating currencies moving constantly, following principles of supply and demand, there are constant and exciting trading opportunities, unavailable when investing in different markets.
In this article are shared main features of what is forex trading today and how can be an incredible new source of income for everyone who is into financial markets.

What Is Forex?

Forex is the acronym for foreign exchange which intends to be a decentralized or over the counter (OTC) marketplace, where currencies from all over the world are traded 24 hours, five days a week. Main financial centres include New York, Chicago, London, Tokyo and Frankfurt for Eurozone. It is by far the largest market in the world in terms of volume, followed by the credit market. Being highly liquid is an important feature that allows traders to be able to enter and exit their positions very quickly. Nevertheless, while trading forex, an investor should be aware of several components:
Dynamicity – forex is an extremely fast environment, this means that currency rates can move very fast, influenced by price action signals and fundamental factors. Therefore, going into forex trading, one needs to be aware of adopting serious risk and money management strategies in order to be effective, limiting losses.
Zero Sum Game – trading forex is not like investing in the stock market but is known to be a zero-sum game. For example, going into the equity market buying some tech shares, they could both rise or decrease in value. In forex is different because currencies work in pairs; for instance, an investor decides Euro will go up he or she is doing it against another currency. Thus, in this specific marketplace one currency will rise while the other will fall, meaning an investor is buying the currency hoping it will appreciate to the other, or selling the one that will depreciate.
See image below:
Figure 1: Main traded currency pairs
https://preview.redd.it/vu77ziuoyle31.png?width=574&format=png&auto=webp&s=9b1693bf27508fcb142705c309de1fc5b3e8fa19
Currency pairs are composed by a base and a price currency. Main forex trading principle is how much price currency an investor can buy using 1 unit of the base, thus, the base currency, which is the first one in line within the quotation, is always equal to 1.
Because like every financial instrument currency pairs are driven by fundamentals of supply and demand, forex is intensively influenced by geopolitical and macroeconomic factors.
Capital Markets – these are the most visible indicators of a country economic health, where usually the healthier the economy the stronger the currency. For example, a rapid sell-off from a country will show that nation is not economically stable, subsequently investors will think negatively of it depreciating its currency.
Moreover, many countries are sector driven, this means that their currencies are strictly correlated with certain resources. For instance, Canada which is a commodity-based market, CAD is strictly linked to price of Brent and metals, a swing in those will affect the Canadian currency.
Finally, credit market is also connected to forex since also relies heavily on interest rate so, a change in bond yield will have major impact on currency prices. like increase in yield will favour bullish market for USD
International Trade – Trade levels serve as a proxy for relative demand of goods from a nation, a country which goods and services that are in high demand internationally, will experience an appreciation to its currency. This is an effect driven by all other countries converting their currencies into the one of that state to purchase its goods and services. Let’s say a product from USA is in high demand globally, all the other countries must sell their currencies to buy dollars to then see their goods shipped, thus USD will appreciate.
Trade surplus and deficit also indicate a nation competitive standing in international trade. Countries with a large trade deficit are usually importers resulting in more of their currencies being sold to buy goods worldwide, thus they will see their currencies devaluate.
Geopolitics – The political landscape of a nation places a major role in the economic outlook for that country and consequently, the perceived value of its own currency. Beside building up price action strategies, based purely on price levels, forex traders constantly look at economic calendars and news to gauge what could move currencies. A geopolitical event which is having a great impact on GBP, is the election of Boris Johnson as UK prime minister, driving the local currency to 2 years low, yesterday 29th of July 2019. Therefore, when investors observe instability from a nation political environment, there are high chances that the currency of that country will depreciate.

Why Trading Forex

Beside swapping from a gold standard to free-floating, which change the whole forex trading game, technology is another crucial factor that helped this financial sector to spread globally. With the introduction of internet in the 90s forex opened to retail investors giving access to various trading platforms. The introduction of online platforms and retail investments have increased forex market volume by 5%, up to $250bn of its daily turnover. Different traders may have different reasons for selecting forex, however, mostly is because this is a fertile market plenty of daily opportunities to gauge price action and profit from it.

Volatility

How traders profit from trading forex? Basics of trading are rather simple to understand. An investor buys an asset at a certain price hoping to get rid of it for a higher price. The more volatile is the market for that specific financial instrument, the more revenue is possible to make. Therefore, a trader is looking for long up and down moves rather than market fluctuating sideways.
Volatility is great in forex and a trader can expect to regularly see prices oscillating 50-100 pips on major currency pairs almost any day of the week. Yet again, due to this enormous constant fluctuation, potential losses or gains can be very high thus, rigours money management must be applied to avoid major damages and become a profitable trader. To conclude, volatility is the main characteristic investors are looking at and that is why it is one of the main feature traders can take advantage.
See image below:

Figure 2: FDAX Volatility, H4 (30th May 2019, 16:00, 30th July 2019, 16:00)

Accessibility & Technology

While volatility is the most important element out in the market that tell us why forex is the best market to trade, accessibility comes straight after. This market is more accessible than all the others, trading forex requires an online desk position and as little as $100 to start off an account.
In comparison with the other financial markets, forex requires a rather low trading capital. Moreover, trading forex can be easily accessible from your PC, tablet or mobile since most of retail broker firms operate online. Although, accessibility cannot tell the quality of the market by itself, it definitely shows a reason why many investors try their first trading experience on forex.
Also, the rapid introduction of technology since the 90s, made trading much easier. There are every year more advanced online platforms to trade on with many possible updates and that is why trading forex is edging for many global investors.

Forex Players

Before the introduction of free-floating currency and more importantly cutting hedge technology, forex was a market that could have been traded only by institutional investors. Nowadays however, even retail and individual investor can take advantage of the huge volume forex offers every day.
Banks
Interbank market is the major responsible for the high volume registered daily in forex. This is the place where banks exchange currency among each other, facilitating forex transactions for customers and speculate for their trading desks.
  • Clients transactions: in this case banks of all size act as dealer for clients, where the bid-ask spread represents the profit for the institutions.
  • Speculation: currencies are traded to profit from their price fluctuations as well as to increase diversification on their portfolio
Because banking institutions are the biggest players in foreign exchange market, they are able to push up and down the price of currencies giving an extreme advantage and higher volatility to individual traders who are trying to gauge price moves.
Central Banks
Central banks representing their nation’s government, are crucial in forex. They oversee monetary and fiscal policies having massive influence on currency rates. A central bank is responsible for fixing the price level of its native currency on the market, in other words they take care of the regime currencies will float in the open market.
  • Floating: these are the currencies which price floats on the open market based on principles of supply and demand relative to other currencies
  • Pegged (fixed exchange rate): opposite to floating currencies pegged ones are not free-floating in the open market however, their government rather tie them to the value of a stronger foreign currency. Pegged currencies are more seen in developing countries (CYN to USD).
Because central banks manage interest rates in order to increase the competitiveness of their native nation to another.
  • Dovish: these policies will be lowering down interest rates. A central bank which applies dovish conditions aims to give economic stimulus and guard against deflation. Usually a policy intended to give economy stimulus will weakening the currency value.
  • Hawkish: on the other hand, hawkish policies lead to an increase in interest rate. A central bank that uses hawkish measures aims to reduce inflation. Typically, this kind of policies will reinforce the country currency value.
Investment Managers & Hedge Funds
Portfolio managers and hedge funds are the second investors in forex after central and investment banks. They are hired by huge institutions such as pension to manage their assets. However while portfolio managers of pool funds will buy currency to speculate on foreign securities, hedge funds execute speculative trades as part of their strategies.
Corporations
Also international corporation play a big role in forex. Those firms operating globally, buying and selling goods and services are involved in forex transactions daily. Imagine an American company producing pipes that imports Japanese components and sell the finished product to China. After the sale is closed the CYN must be converted back to USD, while the American company must exchange USD into JPY to repay for the components supply.
Moreover, company involved in international trade have an interest in forex in order to hedge the risk associated with currencies fluctuations making several foreign exchange transactions. For instance, the same American company might buy JPY at spot rate, or enter a swap agreement to obtain JPY in advance, overtaking the risk of the Japanese currency to rise in the future. Therefore, forex become crucial to run companies with many subsidiaries and suppliers all over the word.
Individual & Retail Investors
Even though this investor cluster brings to forex a very limited volume compared to financial institutions and corporations, it is rapidly growing in numbers and popularity. These base their trades on a mixture of fundamentals and technical analysis.
Bottom line, main reason why forex is the most traded market in the world is because gives everyone, from top financial institutions to retail and individual trades, opportunities to make returns on capital invested from currencies price fluctuations related to global economy.
submitted by Horizon_Trading to u/Horizon_Trading [link] [comments]

"Satoshi Nakamoto" the mysterious creator of Bitcoin is no other than the CIA

Bitcoin has surged to all time highs, Who created Bitcoin, and why?
The creator of Bitcoin is officially a name, “Satoshi Nakamoto” – very few people believe that it was a single male from Japan. In the early days of Bitcoin development this name is associated with original key-creation and communications on message boards, and then the project was officially handed over to others at which point this Satoshi character never appeared again (Although from time to time someone will come forward saying they are the real Satoshi Nakamoto, and then have their posts deleted).
Bitcoin could very well be the ‘one world currency’ that conspiracy theorists have been talking about for some time. It’s a kill five birds with one stone solution – not only is Bitcoin an ideal one world currency, it allows law enforcement a perfect record of all transactions on the network. It states very clearly on bitcoin.org (the official site) in big letters “Bitcoin is not anonymous” :
Some effort is required to protect your privacy with Bitcoin. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. This is one reason why Bitcoin addresses should only be used once.
Another advantage of Bitcoin is the problem of Quantitative Easing – the Fed (and thus, nearly all central banks in the world) have painted themselves in a corner, metaphorically speaking. QE ‘solved’ the credit crisis, but QE itself does not have a solution. Currently all currencies are in a race to zero – competing with who can print more money faster. Central Bankers who are in systemic analysis, their economic advisors, know this. They know that the Fiat money system is doomed, all what you can read online is true (just sensationalized) – it’s a debt based system based on nothing. That system was created, originally in the early 1900’s and refined during Breton Woods followed by the Nixon shock (This is all explained well in Splitting Pennies). In the early 1900’s – there was no internet! It is a very archaic system that needs to be replaced, by something modern, electronic, based on encryption. Bitcoin! It’s a currency based on ‘bits’ – but most importantly, Bitcoin is not the ‘one world currency’ per se, but laying the framework for larger cryptocurrency projects. In the case of central banks, who control the global monetary system, that would manifest in ‘Settlement Coin’ :
Two resources available almost exclusively to central banks could soon be opened up to additional users as a result of a new digital currency project designed by a little-known startup and Swiss bank UBS. One of those resources is the real-time gross settlement (RTGS) system used by central banks (it’s typically reserved for high-value transactions that need to be settled instantly), and the other is central bank-issued cash. Using the Utility Settlement Coin (USC) unveiled today, the five-member consortium that has sprung up around the project aims to help central banks open-up access to these tools to more customers. If successful, USC has the potential to create entirely new business models built on instant settling and easy cash transfers. In interview, Robert Sams, founder of London-based Clearmatics, said his firm initially worked with UBS to build the network, and that BNY Mellon, Deutsche Bank, ICAP and Santander are only just the first of many future members.
the NSA/CIA often works for big corporate clients, just as it has become a cliche that the Iraq war was about big oil, the lesser known hand in global politics is the banking sector. In other words, Bitcoin may have very well been ‘suggested’ or ‘sponsored’ by a banker, group of banks, or financial services firm. But the NSA (as we surmise) was the company that got the job done. And probably, if it was in fact ‘suggested’ or ‘sponsored’ by a private bank, they would have been waiting in the wings to develop their own Bitcoin related systems or as in the above “Settlement Coin.” So the NSA made Bitcoin – so what?
The FX markets currently represent the exchange between ‘major’ and ‘minor’ currencies. In the future, why not too they will include ‘cryptocurrencies’ – we’re already seeing the BTC/EUR pair popup on obscure brokers. When BTC/USD and BTC/EUR are available at major FX banks and brokers, we can say – from a global FX perspective, that Bitcoin has ‘arrived.’ Many of us remember the days when the synthetic “Euro” currency was a new artificial creation that was being adopted, although the Euro project is thousands of degrees larger than the Bitcoin project. But unlike the Euro, Bitcoin is being adopted at a near exponential rate by demand (Many merchants resisted the switch to Euros claiming it was eating into their profit margins and they were right!).
And to answer the question as to why Elite E Services is not actively involved in Bitcoin the answer is that previously, you can’t trade Bitcoin. Now we’re starting to see obscure brokers offering BTC/EUR but the liquidity is sparse and spreads are wacky – that will all change. When we can trade BTC/USD just like EUUSD you can bet that EES and a host of other algorithmic FX traders will be all over it! It will be an interesting trade for sure, especially with all the volatility, the cross ‘pairs’ – and new cryptocurrencies. For the record, for brokers- there’s not much difference adding a new symbol (currency pair) in MT4 they just need liquidity, which has been difficult to find.
So there’s really nothing revolutionary about Bitcoin, it’s just a logical use of technology in finance considering a plethora of problems faced by any central bank who creates currency. And there are some interesting caveats to Bitcoin as compared to major currencies; Bitcoin is a closed system (there are finite Bitcoin) – this alone could make such currencies ‘anti-inflationary’ and at the least, hold their value (the value of the USD continues to deteriorate slowly over time as new M3 introduced into the system.) But we need to pay
Here’s some interesting theories about who or whom is Satoshi:
A corporate conglomerate
Some researchers proposed that the name ‘Satoshi Nakamoto’ was derived from a combination of tech companies consisting of Samsung, Toshiba, Nakayama, and Motorola. The notion that the name was a pseudonym is clearly true and it is doubtful they reside in Japan given the numerous forum posts with a distinctly English dialect.
Craig Steven Wright
This Australian entrepreneur claims to be the Bitcoin creator and provided proof. But soon after, his offices were raided by the tax authorities on ‘an unrelated matter’
Soon after these stories were published, authorities in Australia raided the home of Mr Wright. The Australian Taxation Office said the raid was linked to a long-running investigation into tax payments rather than Bitcoin. Questioned about this raid, Mr Wright said he was cooperating fully with the ATO. “We have lawyers negotiating with them over how much I have to pay,” he said.
Other potential creators
Nick Szabo, and many others, have been suggested as potential Satoshi – but all have denied it:
The New Yorker published a piece pointing at two possible Satoshis, one of whom seemed particularly plausible: a cryptography graduate student from Trinity College, Dublin, who had gone on to work in currency-trading software for a bank and published a paper on peer-to-peer technology. The other was a Research Fellow at the Oxford Internet Institute, Vili Lehdonvirta. Both made denials. Fast Company highlighted an encryption patent application filed by three researchers – Charles Bry, Neal King and Vladimir Oks­man – and a circumstantial link involving textual analysis of it and the Satoshi paper which found the phrase “…computationally impractical to reverse” in both. Again, it was flatly denied.
THE WINNER: It was the NSA
The NSA has the capability, the motive, and the operational capacity – they have teams of cryptographers, the biggest fastest supercomputers in the world, and they see the need. Whether instructed by their friends at the Fed, in cooperation with their owners (i.e. Illuminati banking families), or as part of a DARPA project – is not clear and will never be known (unless a whistleblower comes forward). In fact, the NSA employs some of the best mathematicians and cryptographers in the world. Few know about their work because it’s a secret, and this isn’t the kind of job you leave to start your own cryptography company.
But the real smoking Gun, aside from the huge amount of circumstantial evidence and lack of a credible alternative, is the 1996 paper authored by NSA “HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH”
The NSA was one of the first organizations to describe a Bitcoin-like system. About twelve years before Satoshi Nakamotopublished his legendary white paper to the Metzdowd.com cryptography mailing list, a group of NSA information security researchers published a paper entitled How to Make a Mint: the Cryptography of Anonymous Electronic Cash in two prominent places, the first being an MIT mailing list and the second being much more prominent, The American Law Review
The paper outlines a system very much like Bitcoin in which secure financial transactions are possible through the use of a decentralized network the researchers refer informally to as a Bank. They list four things as indispensable in their proposed network: privacy, user identification (protection against impersonation), message integrity (protection against tampering/substitution of transaction information – that is, protection against double-spending), and nonrepudiation (protection against later denial of a transaction – a blockchain!).
It is evident that SHA-256, the algorithm Satoshi used to secure Bitcoin, was not available because it came about in 2001. However, SHA-1 would have been available to them, having been published in 1993.
Why would the NSA want to do this? One simple reason: Control.
As we explain in Splitting Pennies – Understanding Forex – the primary means the US dominates the world is through economic policy, although backed by bombs. And the critical support of the US Dollar is primarily, the military. The connection between the military and the US Dollar system is intertwined inextricably. There are thousands of great examples only one of them being how Iraq switched to the Euro right before the Army’s invasion.
In October 2000 Iraq insisted on dumping the US dollar – ‘the currency of the enemy’ – for the more multilateral euro. The changeover was announced on almost exactly the same day that the euro reached its lowest ebb, buying just $0.82, and the G7 Finance Ministers were forced to bail out the currency. On Friday the euro had reached $1.08, up 30 per cent from that time.
Almost all of Iraq’s oil exports under the United Nations oil-for-food programme have been paid in euros since 2001. Around 26 billion euros (£17.4bn) has been paid for 3.3 billion barrels of oil into an escrow account in New York. The Iraqi account, held at BNP Paribas, has also been earning a higher rate of interest in euros than it would have in dollars.
The point here is there are a lot of different types of control. The NSA monitors and collects literally all electronic communications; internet, phone calls, everything. They listen in even to encrypted voice calls with high powered microphones, devices like cellphones equipped with recording devices (See original “Clipper” chip). It’s very difficult to communicate on planet Earth in private, without the NSA listening. So it is only logical that they would also want complete control of the financial system, including records of all electronic transactions, which Bitcoin provides.
Could there be an ‘additional’ security layer baked into the Blockchain that is undetectable, that allows the NSA to see more information about transactions, such as network location data? It wouldn’t be so far fetched, considering their past work, such as Xerox copy machines that kept a record of all copies made (this is going back to the 70’s, now it’s common). Of course security experts will point to the fact that this layer remains invisible, but if this does exist – of course it would be hidden.
More to the point about the success of Bitcoin – its design is very solid, robust, manageable – this is not the work of a student. Of course logically, the NSA employs individuals, and ultimately it is the work of mathematicians, programmers, and cryptographers – but if we deduce the most likely group capable, willing, and motivated to embark on such a project, the NSA is the most likely suspect. Universities, on the other hand, didn’t product white papers like this from 1996.
Another question is that if it was the NSA, why didn’t they go through more trouble concealing their identity? I mean, the internet is rife with theories that it was in fact the NSA/CIA and “Satoshi Nakamoto” means in Japanese “Central Intelligence” – well there are a few answers for this, but to be congruent with our argument, it fits their profile.
Where could this ‘hidden layer’ be? Many think it could be in the public SHA-256, developed by NSA (which ironically, was the encryption algorithm of choice for Bitcoin – they could have chosen hundreds of others, which arguably are more secure):
Claims that the NSA created Bitcoin have actually been flung around for years. People have questioned why it uses the SHA-256 hash function, which was designed by the NSA and published by the National Institute for Standards and Technology (NIST). The fact that the NSA is tied to SHA-256 leads some to assume it’s created a backdoor to the hash function that no one has ever identified, which allows it to spy on Bitcoin users.
“If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network,” cryptography researcher Matthew D. Green of Johns Hopkins University said in a previous interview.
Then there’s the question of “Satoshi Nakamoto” – if it was in fact the NSA, why not just claim ownership of it? Why all the cloak and dagger? And most importantly, if Satoshi Nakamoto is a real person, and not a group that wants to remain secret – WHY NOT come forward and claim your nearly $3 Billion worth of Bitcoin (based on current prices).
Did the NSA create Satoshi Nakamoto?
The CIA Project, a group dedicated to unearthing all of the government’s secret projects and making them public, hasreleased a video claiming Bitcoin is actually the brainchild of the US National Security Agency.
The video entitled CIA Project Bitcoin: Is Bitcoin a CIA or NSA project? claims that there is a lot of compelling evidences that proves that the NSA is behind Bitcoin. One of the main pieces of evidence has to do with the name of the mysterious man, woman or group behind the creation of Bitcoin, “Satoshi Nakamoto”.
According to the CIA Project, Satoshi Nakamoto means “Central Intelligence” in Japanese. Doing a quick web search, you’ll find out that Satoshi is usually a name given for baby boys which means “clear thinking, quick witted, wise,” while Nakamoto is a Japanese surname which means ‘central origin’ or ‘(one who lives) in the middle’ as people with this surname are found mostly in the Ryukyu islands which is strongly associated with the Ry?ky? Kingdom, a highly centralized kingdom that originated from the Okinawa Islands. So combining Nakamoto and Satoshi can be loosely interpreted as “Central Intelligence”.
Is it so really hard to believe? This is from an organization that until the Snowden leaks, secretly recorded nearly all internet traffic on the network level by splicing fiber optic cables. They even have a deep-sea splicing mission that will cut undersea cables and install intercept devices. Making Bitcoin wouldn’t even be a big priority at NSA.
Certainly, anonymity is one of the biggest myths about Bitcoin. In fact, there has never been a more easily traceable method of payment. Every single transaction is recorded and retained permanently in the public “blockchain”. The idea that the NSA would create an anarchic, peer-to-peer crypto-currency in the hope that it would be adopted for nefarious industries and become easy to track would have been a lot more difficult to believe before the recent leaks by Edward Snowden and the revelation that billions of phone calls had been intercepted by the US security services. We are now in a world where we now know that the NSA was tracking the pornography habits of Islamic “radicalisers” in order to discredit them and making deals with some of the world’s largest internet firms to insert backdoors into their systems.
And we’re not the only ones who believe this, in Russia they ‘know’ this to be true without sifting through all the evidence.
Nonetheless, Svintsov’s remarks count as some of the more extreme to emanate from the discussion. Svintsov told Russian broadcast news agency REGNUM:“All these cryptocurrencies [were] created by US intelligence agencies just to finance terrorism and revolutions.”Svintsov reportedly went on to explain how cryptocurrencies have started to become a payment method for consumer spending, and cited reports that terrorist organisations are seeking to use the technology for illicit means.
Let’s elaborate on what is ‘control’ as far as the NSA is concerned. Bitcoin is like the prime mover. All future cryptocurrencies, no matter how snazzy or functional – will never have the same original keys as Bitcoin. It created a self-sustained, self-feeding bubble – and all that followed. It enabled law enforcement to collect a host of criminals on a network called “Silk Road” and who knows what other operations that happened behind the scenes. Because of pesky ‘domestic’ laws, the NSA doesn’t control the internet in foreign countries. But by providing a ‘cool’ currency as a tool, they can collect information from around the globe and like Facebook, users provide this information voluntarily. It’s the same strategy they use like putting the listening device in the chips at the manufacturing level, which saves them the trouble of wiretapping, electronic eavesdropping, and other risky methods that can fail or be blocked. It’s impossible to stop a cellphone from listening to you, for example (well not 100%, but you have to physically rewire the device). Bitcoin is the same strategy on a financial level – by using Bitcoin you’re giving up your private transactional information. By itself, it would not identify you per se (as the blockchain is ‘anonymous’ but the transactions are there in the public register, so combined with other information, which the NSA has a LOT OF – they can triangulate their information more precisely.
That’s one problem solved with Bitcoin – another being the economic problem of QE (although with a Bitcoin market cap of $44 Billion, that’s just another day at the Fed buying MBS) – and finally, it squashes the idea of sovereignty although in a very, very, very subtle way. You see, a country IS a currency. Until now, currency has always been tied to national sovereignty (although the Fed is private, USA only has one currency, the US Dollar, which is exclusively American). Bitcoin is a super-national currency, or really – the world’s first one world currency.
Of course, this is all great praise for the DOD which seems to have a 50 year plan – but after tens of trillions spent we’d hope that they’d be able to do something better than catching terrorists (which mostly are artificial terrorists)
submitted by PeopleWhoDied to conspiracy [link] [comments]

How to become a successful Forex IB (Introducing Broker)

How to become a successful Forex IB (Introducing Broker)
https://preview.redd.it/sh825hgmxhr21.jpg?width=980&format=pjpg&auto=webp&s=72a2995dde3444ed9e5527844862ff307c76dab5
Today we will cover the different ways to market your ''IB(Introducing Broker)/White Label business'' or ''Start Up FX Brokerage''.
After you have a product ready, the first thing you need to do to make your first earning is to establish your online presence
There are many paid and free techniques to do that so your business can start collecting hot prospects to boost your sales. Below are some of the ways to get you started on building your brand online.
CLICK HERE TO GET YOUR FREE MARKETING 101 DEVELOPMENT KIT
Email Marketing :
Email Marketing perhaps is one of the most common and easiest way to bring people to your website and promote different offers altogether however is most of the times overlooked. With email marketing you're able to add your own custom company logos and banners to call people to action and sign up for your services.
There are many online email marketing service providers starting under $5 per month.One notable platform is MailChimp which offers a free service to send up to 12K emails per month for free to 2K subscribers.
SMS Marketing :
SMS marketing same like email is perhaps one of the most over looked marketing methods. It has an impressive industry average open rate of 80% because for most people checking the phone is the first thing to do when they wake up. With the technological advancements in the world people now rely more on their phones than ever.
The cost for SMS Marketing vary from $0.01 USD to $0.05 USD depending on the usage of the keywords
Social Media:
Social media is a very powerful tool and a key to help you increase your online exposure. Using these platforms you can start promoting any business right away by simply creating a business page on any of the platforms and provide relevant content consistently
Depending on the Geos you're targeting there are many good platforms such as
Facebook(biggest platform with almost 22% of the worlds population active),
VK(alternative to FB for CIS region), Twitter, YouTube,Instagram,Linked IN etc.
Making your business page is free of cost on these platforms, you can post content and wait for the traffic to come or do some paid marketing to boost the results as it fits your budget.
Blogs :
Starting your own blog is also one of the best ways to establish worth in the market. If you write unique relevant content that your audience is interested in then that will help you in a lot of ways since new traders are always looking for advice and expert opinion that will help them to become better and more successful.
Blogging also gives you a boost in Search Engine Optimization which helps you get better ranking on Google search engine and gives you links to put on the social media platforms to drive more traffic to your website.
Forums & Groups:
Forex Forums and Groups attract a lot of people because of the resources they provide to their customers. You can easily find Forex related forums and groups online via google and create your profile there.
Always remember to leave insightful comments and solutions so people can recognize you as an authority in your niche. Also by adding a link to your website/social media page you can divert some of the traffic to your website and offer your products and services there.
Conclusion:
Online Marketing has grown a lot over the years with new technologies being introduced every day, many big companies are using multi channel or omni channel approach when it comes to their marketing strategy to create an online presence.
The above discussed methods are just few of the free methods to create your online presence but the key here is rather than focusing on one channel more than the other it's always a good idea to do A/B tests specially when doing paid marketing to know which channel or product sells better so as to emphasize more of your efforts on what makes you money!
For more visit Stratton Forex.
Subscribe to our blog for keep up to date with the latest market trends and opportunities.
submitted by StrattonForex to u/StrattonForex [link] [comments]

forex

How to start trading Forex

If you’re asking yourself how to start trading Forex, don’t look any further. There are many important points you need to know before you start trading Forex, such as picking a broker, installing your trading platform, and analyzing the market. These are just the essentials of trading, and you’ll need to gain experience on your own through trial and error on the market.
Whether you’re a complete beginner to Forex trading or have already placed a few trades, you’ll find useful information in our guide on how online Forex trading works. We’ll explain everything you need to know to jump-start your trading career, from the basics of trading, and what currencies are traded on Forex, to the various ways of analyzing the market

What are the features of day trading?

There are several positives associated with this style of trading: Reduce risk: Arguably the biggest benefit is that risk can be greatly reduced due to the lower amount of time that positions are typically left open. This leaves a far smaller time window for adverse developments to potentially occur and alter the course of the markets against you.
Trade with less capital: In light of the new leverage restrictions, traders may look to focus on shorter time frames to book profits more quickly and compound the growth of their capital.
submitted by MxInvesting to u/MxInvesting [link] [comments]

PAUL JOHNSON Q&A ON TELEGRAM

1 Question : Exchange launch
Answer : In terms of timeline, we're looking to launch Beta by end of April. Live launch to occur once we're happy and customers are happy with the beta, and all bugs are worked out. We're fully commited to releasing beta by end of April. I've had sneak peaks, and I'm confident this will occur. We have a very unique platform, unlike anything else that exists in the market, but still with the functionality that everyone is looking for.
2 Question : How are we going to stake tio for LP? Cold wallet? Or through tio wallet?
Answer : Through TIO wallet. You'll be able to add or remove TIO from the wallet at your discretion, providing the ultimate in flexibility for the participants
3 Question : When Binance?
Answer : As usual, any new exchanges will be announced as they arise. We will only add TIO to established exchanges. Of course, every company wants to be on Binance, given their importance in the crypto community. With that said, though, being an exchange ourselves, our major objective is to ensure the question starts being "When trade.io". That is our ultimate goal.
4 Question : For LP, the daily payout will be in fiat or in different cryptos?
Answer : At the onset, until we're able to offer fiat/crypto exchanges, payouts will be daily in crypto.
5 Question : Is Mobile app also planned ? and by when date we can download it from Google play ?
Answer : Yes, no time frame has been established in terms of release, but I would safely expect it a "few" months from release of the platform. Due note, the platform will be optimized for mobile, so you should have no issues using it on most any mobile device.
6 Question : A "long term" ques, for traditional markets (ie equities, FX), what are TIO's a) Competitive advantage b) Plan to attract clients from traditional brokers
Answer : a. Competitive advantage - Competitive advantage apart from a unique, responsive and fully customizable platform is world class customer support and funding/withdrawal. b. Plan to attract clients from traditional brokers -
7 Question : Only two other exchanges have tokens, i.e. BNB & KCS, (Binance & Kucoin) with both having performed fairly well. So my question is how does trade.io plan to differentiate itself from these 2 exchanges.
Answer : We're looking to provide an experience, despite the amount of clients we have, that every client will feel that they are receiving personalized service. We have already hired close to 100+ customer support personnel who are fully trained and ready to rock. Ageed, they are both very formidable exchanges who have done very well in a fairly short amount of time. In addiiton to the exchange itself and support, obviously the liquidity pool is a very unique value add proposition. To our knowledge we're the only exchange that is bascially giving back up to .50 on each dollar earned. This provides an extraordinary opportunity to LP participants.
8 Question : Hey Paul, what will be the process for picking beta testers?
Answer : We will be reaching out to our most loyal TIO holders. You will be contacted by an admin if you're on the short list.
9 Question : Why do you think that the value of the TIO has risen in recent days?
Answer : Obviously the overall market sentiment has helped. I don't want to speak specifically on TIO, but its very nice to see the market has perhaps found a bottom and its time for the companies with actual products and potential rising. I also think the relatively low amount of circulating tokens helps TIO move with very small volume. That was part of the gameplan with keepping the amount of TIO low, and locking a majority of them into the LP.
10 Question : Paul, thinking strategically, how do u see traditional financial platforms like Bloomberg, that are already connected to the financial markets, providing its own crypto exchange( the product that they lack now) to Institutional Investors? When do expect this to happen? And how trade.io will be positioning to attract institution facing this players.
Answer : Great question, we're actually very interested in having discussions with the larger financial platforms to utilize trade.io platform in a white label type format. We feel an exchange that can tap into these large financial portals will have a tremendous competitive advantage, as no single exchange can out spend an bloomberg, etc for market share. Our first major move is by participating in the IFX Expo in May in Cyprus which is the largest gathering of forex brokers both institutional and retail we will be pitching our services to them as well as we are already positioning a white label service of our platform. Stay tuned to our social for updates on this.
11 Question : After the launch of the exchange followed by (unique and awesome) liquidity pool, what is the next big focus of trade.io ?
Answer : World domination! We want to perfect our exchange, liqudiity pool and consulting services quite honestly as they are our core products. We will have bugs, issues, etc. to work through upon launch as every company from Apple to Google has these issues. Its only once we're comfortable with these 3 facets we'll look to start executing additional initiatives. Too often companies try to focus on multiple things out of the starting gate without perfecting their core initiatives. We don't want to fall into that trap.
12 Question : Any plans to partner with coinfi, cindicator, or other platforms to give tradeio platform users an edge? After all, we want users to actively use tradeio daily
Answer : Yes, we are in talks with many 3rd parties that want to partner with trade.io. We are always interested in value adds for our clients.
13 Question : Some months ago, you did a questionnaire about which coins the users want to be added to the exchange, and in the end you gave us a list. It's still early, but wanted to know if that list is still valid?
Answer : Yes, very much so. The gameplan is to launch the major coins first, such as ETH, BTC, BCH, LTC, etc. Then gradually offer the altcoins. We have decided not to offer 100's of tokens on day 1, in order to work through any minor bugs.
14 Question : What are the current biggest challenges faced by TIO and how do you plan to overcome them ?
Answer : As Jim Preissler, our CEO has discussed multiple times, the ever changing regulatory landscape is something that impacts every type of company in crypto. We welcome regulation, however. trade.io is chock full of people that have worked most of their career in regulated industries, this gives us a tremendous advantage in navigating around these uncertain times. Another challenge is security and keeping on top of it. To that end, we have spent a tremendous amount of resources on ensuring our security is robust from Day 1. Too often companies only look to tighten up security after an incident has happen. We have taken a much more proactive stance on security.
15 Question : Will tradeio offer usd pairings in beta or when forex is ready?
Answer : Beta will include USDT pairs.
16 Question : Have we gotten the SEC license?
Answer : No license has been procured in the US. Its actively being worked on using multiple legal teams. We will keep everyone updated as this unfolds.
17 Question : Any marketing plan next month?
Answer : Marketing will be sharing their plans as we get closer to the end of the month. but we have IFX EXPO in May. Please read what Helen Astaniou Chief Marketing Officer has shared during her AMA here - https://www.reddit.com/TradeIOICO/comments/89bz4u/live_qa_with_tradeios_cmo_helen_astaniou_on/
18 Question : If I have 25K tio tokens right now. what will you tell me to do?
Answer : Well, we really can't advise one way or the other, but it goes without saying the liquidity pool is a major useage for TIO and provides tremendous advantages to participate in the success of trade.io The pretty cool thing about the liqudiity pool, is that you're only sharing in the good times and not the bad. You'll only see credits into your account, never debits.
19 Question : What other cool stuff aside from LP that trade.io can offer? to increase more the price of TIO's.?
Answer : a) Partnerships b) More visiblity c) White Labeling of Platform d) ICO Consulting and many, many other things.
20 Question : When do you think you'll be hitting the drums of advertisement? I think this is needed. 1 months from now, 2, 3? Thx
Answer : We'll be engaging in various marketing channels both online and offline to attract direct traders very soon. clear messaging on the benefit mentioned above. This will include where a trader can act as a trader and a liquidity partner at the same time as well as partnerships with existing brokers ..specifically the smaller ones as they suffer from obtaining best pricing for clearing their trades.. hence the liqudiity pool acting as a liquidity and clearing partner. Long story short, very soon, i.e. weeks and not months
submitted by tradeio to TradeIOICO [link] [comments]

FXPay Provides many Benefits for Traders & Brokers

FXPay Provides many Benefits for Traders & Brokers

https://preview.redd.it/1uqwpgkv3aj11.jpg?width=1200&format=pjpg&auto=webp&s=a6af2753b1403a7812583839499d301fdabb59e1
The FX market is the largest and most liquid market in the world. As the market is largely decentralised – although central banks like the Bank of England and the Federal Reserve ultimately maintain the liquidity and price of world currencies – differences exist between the prices offered by different banks. As well as setting the rates for currencies, central banks control all information relating to the global supply and demand of currencies. This means that the same organisations that control supply, also indirectly control demand.

Why FXPay

FXPay Inc. presents an attractive offering for Crypto investors, who can now choose to participate in the Forex market as well. FXP can be used as a great hedging opportunity in a situation of high market volatility. Crypto investors can easily swap their crypto for a more stable fiat alternative, until the market has stabilized.

FXPay Mission

- Creation of a large, international environmental friendly community on a digital platform that is created to meet the needs of brokers and Forex traders.
- Inculcation of a pleasant bonus is the opportunity to get an additional credit bonus for each investment.
- To a greater extent, emphasis will be placed on brokers who need a new way of completing transactions,cheaper and faster, thanks to the technology Block.

https://preview.redd.it/tp25e7e04aj11.jpg?width=1280&format=pjpg&auto=webp&s=86627ed8b933e7d8775d24c8cdb7d1e35a0afac4

Why Using Blockchain

- By introducing blockchain technology to the Forex market, FXPay is able to address inefficiencies in the market that, until now, have not had a solution. By offering a digital currency to brokers and traders, FXPay provides a medium through which to effortlessly convert fiat currency into FXP tokens.
- Once it is securely logged on the blockchain, it can be converted into any of their Forex pairs. Traders can then use Forex credit to participate in the market. Once trading has ceased, traders can trade Forex credit back into FXP or any other digital currency. Alternatively, traders can choose to keep Forex credit, which can either be used to continue trading at a later stage, or withdrawn into fiat currency through the - Forex trading platform, at minimal cost.
- This offers traders and brokers an attractive alternative to the traditional Forex structure, by providing an innovative platform with highly reduced fees and faster transaction times. The result is increased profit margins and investment potential for traders, and cost savings for brokers when transacting with liquidity providers.

Trader & Broker Benefits

Trader Benefit
Crypto / forex trader can enjoy various benefits from holding Fxp coins.
● FXP increases its value Everyone in FXP Eco-system will exchange to FXP to get more profit and cheaper transactions .This also creates a vast cash flow that will go in to the exchange and it will be one of the strong factors to build the FXP foundation and make the price rise steadily.
Broker Benefit
Brokers can benefit from 2 ways:-
● By transferring the money to LP or banks FXP will act as a payment gateway but most importantly, we give discounts to brokers.
● By purchase/store of FXP Brokers can easily buy FXP at a discount price then distribute to their traders or in house exchange .FXP is an optimal marketing tool to get more customers for the brokers.

https://preview.redd.it/x6tou4q54aj11.jpg?width=1200&format=pjpg&auto=webp&s=b2ab2f6183ef80d1bb8223dc2fbad000a444b22b
Blockchain could help to improve security in the FX industry. By decentralising record keeping and making full use of ledgers, sensitive data will be a lot harder to hack. With online security one of the biggest challenges currently facing the financial industry and the economy in general, this aspect of blockchain could be a real game changer.

-----------------------------------------------
Website:- https://fxpay.io/
Whitepaper:- https://fxpay.io/pdf/FXPAY_V.1.4.pdf

submitted by Cashinouts to ico [link] [comments]

[CEO LETTER] MAY-28, 2018: CLICKGEM PROPOSAL

May 28th, 2018
Dear potential investors,
I'm Nguyen Nam Hai, C.E.O of ClickGem Project (ClickGem Inc – Belize), you can call me as Hai!
First of all, thanks for your interest in ClickGem Project, this is the honor of our development team!
Second, although you can find all information about ClickGem project on the internet, I still want to provide you a brief summary and explain which can help you to understand this project easily and fully: - ClickGem project is creating a new payment system which is much better than all current payment systems, include PayPal and other similar payment systems! We are focusing on developing a payment gateway (paygate) which can support to pay and receive payment with multiple different currencies (both cryptocurrencies and fiat money), it has a special feature for exchange currency instantly during transaction, through exchange floors (this is an important advantage because buyers can pay by any currency and they not need to match with currency which sellers want to receive, and always get the lowest exchange rates from the market) and very low fee. That is our core application! Then we will develop additional an ecosystem of applications and APIs to support that core application. We will also develop two-directions API for our paygate so it can integrate with other forex/cryptocurrency exchanges to increase liquidity and have more chances to find the lowest exchange rate when exchange currency for buyers/sellers when they using our paygate. - Another advantage of ClickGem paygate: at this time, not many merchants/sellers are ready to accept payments for their business by cryptocurrencies because of many reasons (tax declaration, risks of the exchange rate, risks of the liquidity, risks with the law - not many governments allow cryptocurrency business) while in fact have a lot of people owned cryptocurrencies want to use it as currencies for shopping, for payment... ClickGem paygate will support for cross-exchange between Fiat currency and cryptocurrency and it will be a solution to connect people owning cryptocurrency with all merchants/sellers around the world. - ClickGem is a project started from January 2018 that aims to create all tools and applications which will support and encourage people to use more cryptocurrencies in different fields of the real life instead of only trading them like stocks/currencies/commodities on exchanges floors on the internet. Until now, we achieved some points on our roadmap and launched some important working applications. Our development team are still improving those applications (add more features, improve processing speed and security, optimize user interface) and developing new applications to build ClickGem ecosystem. You can see our roadmap at here: https://www.clickgem.com/roadmap.html . You can also test our applications by register an account on the website! - ClickGem project also has its own cryptocurrency called ClickGem (CGM). Web wallet, full-node wallet for Linux and block explorer had been launched already. Full-node wallet for Windows and MacOS are estimated to be launched in next month (June 2018)! Because ClickGem project focuses solely on developing an ecosystem of applications which support for all cryptocurrencies, so the CGM cryptocurrency is simply forked from Litecoin open source. However, we think it is good enough to use as a cryptocurrency, no need any new additional features! - ClickGem project is a service provider and we will generate profits mainly from collect fees from people who used our tools and applications. We released our owned cryptocurrency to raise fund from the community to have more budget for ClickGem project development. ClickGem cryptocurrency has all the same function with other currencies which supported by our system. But our users will always get 50% discount on every fee when utilizing ClickGem cryptocurrency (cheaper fee than other currencies). Especially, some future applications in ClickGem ecosystem will only support for ClickGem cryptocurrency. People can also trade ClickGem cryptocurrency in many other public exchange floors. When ClickGem ecosystem is fully developed and present at all of its target markets, it will have a lot of users around the world. Needs of CGM cryptocurrency will increase a lot (because it has a lot of incentives compared to other cryptocurrencies which supported in ClickGem ecosystem) while its maximum supply is only 30 million, so its price will increase rapidly! - Until this time (May 2018), ClickGem website has very good ranking, over 60,000 registered users and over 22,000 followers on Telegram and still increasing day by day. - ClickGem is a young project but developer team is professional and high qualified but, above all, is very motivated in achieving predetermined goals.
If ClickGem project succeeded: - It will help all merchants/sellers have a better way to receive payment and have more buyers. - It will help all buyers have a new payment method which is more flexible and better than all old methods, easier for online shopping. - It will help all people who owning cryptocurrency can use their cryptocurrency to do more things than only trading it on exchange floors. - It will help many exchange floors (include Forex and cryptocurrency exchanges) have more buy orders and improve liquidity. - It will accelerate the implementation and application of global blockchain technology.
ClickGem project will be a global service like PayPal, Amazon, Alibaba or Aliexpress so it can access all markets in the world and its scalability is unlimited!
Our project will attend to ICORace event (www.icorace.ch) in Switzerland on June 6/7th. Have over 100 ICO applications sent to ICORace, but our project is on top 20 ICO projects which will enter semi-finals! That means our project is highly appreciated by the ICORace organizer. We will have a chance to present our project as a speaker to a lot of investors at there. This is a very good chance to attract people from ICORace event to our project!
Our project also attended to the 2nd Global Fintech & Blockchain China Expo 2018 at Shanghai (China) on last month (April 2018) and attended to the World BlockChain CryptoCurrency Summit Moscow 2018 (WBCSUMMIT MOSCOW 2018) in Russia on this month (May 2018). Our business idea is also highly appreciated by every people in both events! You can see our presence in both events at here: https://www.clickgem.com/updates-apr-12-2018-clickgem-team-… https://www.clickgem.com/updates-may-20-2018-meet-us-at-wor… https://www.clickgem.com/updates-may-19-2018-meet-us-at-wor…
Third, I want to tell you about my personal story and the reason of idea to start the ClickGem project: I'm a businessman and I have a small factory in Vietnam for producing hair extensions & wigs products (Company introduction: https://www.youtube.com/watch?v=fMHk0UyA05s). I have been running this business for about 10 years. Most of the products produced in my factory are exporting to many different countries (USA, Russia, Brazil, Mexico, Germany, Portugal, UK, Hong Kong, Korea etc...). Within 10 years doing international business, one of biggest troubles for my business is receive payments from international clients because most of my clients don't want to pay directly to my company bank account because of the barrier of customs and import procedures, etc... To maintain business with those clients, I have to suggest them to: - Pay to my personal bank account >> It usually makes trouble to me for tax declaration. - Pay through personal money transfer companies like Western Union, MoneyGram, Unistream, etc... >> Can only receive small amounts, high fees. I still have trouble with tax declaration. - Pay through PayPal >> Many limitations and very high fee (PayPal transaction fee is 4.4% but the total amount I lose usually up to 12% because PayPal only allows merchants to withdraw money from the account by local currency and they always apply exchange rates which are very disadvantage for the merchant). I still have trouble with tax declaration - Pay by cash through brokers, pilots or flight attendants >> No trouble with tax declaration but can't transfer big amounts. High fee, and high risk! Because of limitation and barriers to receiving payment, I can't easy to expand my business. I know that not only I have this trouble, a lot of business people are having the same trouble! I never stop finding the better solution to solve problems with receive payment!
Until when I know about cryptocurrency which created using blockchain technology and strong communities are supporting the cryptocurrency, I strongly believe it can replace our current currencies in a future near. Cryptocurrency has a lot of advantages which compared to our current currencies. However, now is just the beginning of the era of cryptocurrency, we still have not many applications with enough features to support cryptocurrency to become our main currency.
I start thinking about ClickGem Project which can have all features combined from PayPal, CoinBase, Forex websites, cryptocurrency exchange websites, Amazon, Alibaba, Aliexpress, etc... which can support strongly for cryptocurrency and become a perfect system for payment and exchange currencies.
Currently, my team has not many people, but we can achieve many goals within a short time (about 5 months), although before that we haven't any preparation and even don't know many about blockchain technology. That can show our ability is not small and that ability will continue to multiply many times when we have more budget to recruit more talented people! I know that still have many difficulties in future and still need more time make ClickGem system become a perfect system, but I strongly believe that every difficulty will have the solution to solve (like the way I have been done with my current business from the zero) and I believe can make these ideas become real!
Other reasons make me strongly believe ClickGem project will be succeeded and it could become the big system like PayPal, Amazon, Alibaba, Aliexpress, etc… are: I believe that when we do anything if we don't believe in ourselves and what we are doing, we will never succeed. And what is easy come will easy go, only goals which are difficult to be achieved will create the real value! My team members owned a same great skill is we never give up and we will always search for solutions to solve all difficulties! I also know that because of the unstable situation of politic and economy are happening many places around the world, so many people start finding better currencies for daily transactions or hold as an asset instead of Fiat currency (cash, money at banks), gold or some things like that, this is also the main reason to make cryptocurrency become a very hot trend at this time! I believe that is the normal evolution and development of human society (in our history has witnessed many similar phases and events)! I have enough knowledge about IT field and doing business, I understand that to build systems like PayPal, Amazon, Alibaba or Aliexpress is not very difficult, I'm total can build similar systems but my systems even can support for both cryptocurrency and Fiat currency! Those companies only difference with me is they have a great opportunity to receive support from big funding companies and even government because all of them are established at the beginning of the era of the internet (For example: Alibaba has established from the beginning of the era of the internet in China, so they have opportunity to receive great support from big funding companies like SoftBank, etc... and the Chinese Government about resources, relationships, policies, etc...). The beginning of the era of the stock market is also similar to the beginning of the era of the internet, also generated many big names and many big companies. Current is the beginning of the era of the blockchain technology and cryptocurrency, I believe that we have the same opportunity with PayPal, Amazon, Alibaba or Aliexpress... Why not take this opportunity? My team only think and do, with all of our efforts and sincerity, I believe we can convince and get support from many investors to realize our dream!
I still have a lot of ideas to do with ClickGem project, however, my budget is limited and I can’t do everything alone! So, I always looking for more people who can join a hand with me, together to make this project succeed!
Would you like to join one hand with me?
I hope ClickGem project can meet your interest and opens the way for an interesting and profitable collaboration!
Thanks for spending your time to read my proposal and I hope you will spend more time to review ClickGem project!
Looking forward to hearing from you soon!
Best regards,
---
Nguyen Nam Hai – CEO [email protected]
ClickGem Project https://www.clickgem.com
https://www.clickgem.com/ceo-letter-may-28-2018-clickgem-pr…
t.me/clickgem/179
submitted by clickgemP to ClickGemOfficial [link] [comments]

BrokerDeal - YouTube Top 10 Online Forex Brokers 2019-20 - YouTube How To Find The BEST Forex Broker - YouTube Best Online Brokers for Trading Stocks, Forex, and more ... Top 10 Best Forex Brokers in The World for 2020 - YouTube What is the Best Forex Broker?  Kyler & Kleveland Show ... 3 Best Forex Brokers for 2020 - YouTube Top 5 Forex Trading Platforms for 2019!! - YouTube

CMC Markets (CMC), founded in 1989, is a well-established, publicly traded, and highly regarded U.K. forex broker that has successfully adapted to the ever-changing online brokerage landscape. The ... Here is a quick overview of the 18 Biggest Forex Broker according to Volume at the time of publication and what they have on offer – XM Group XM Group provides traders with a large selection of assets to choose from and is regulated by some of the most respected financial bodies in the sector. Pros and Cons . Pros: Cons: Offers traders 57 currency pairs and CFD trading in commodities ... To trade forex, you need an online broker. Trading with a trusted forex broker is crucial for success in international currency markets. As a currency trader or investor, you may have specific needs related to which platform, tool, or research requirements you have. Understanding your investment style can help determine which fx broker will be best for you. Each year, our team here at ... Choose your Forex Broker to trade with on the FX Market in 2020. Our list of reliable and regulated Forex brokers will help you to find the best broker for online trading. Forex Brokers. Free Broker Comparison List and Top 10 FX Brokers 2020 . Find the best Forex Broker and take your trading to the next level. Forex Broker Types. There exist several types of brokers: Market Maker Brokerage companies and Direct Market Access ones. DMA brokers separated into two types ECN and ECN/STP. Electronic Communication Network (ECN) brokers allow you to trade only between other traders. So if no liquidity is on the market, your trades will get slippage, and you get a requote. ECN system removes the base of the ... Biggest Forex Brokers 2020 – Best Forex Brokers For Big Accounts ismo adamou June 19, 2020 Forex Brokers By Country No Comments As you know, biggest forex brokers or largest forex brokers are better is the service they provide, as they offer many advantages to traders, such as economies of scale, a better liquidity position and increased public and regulatory oversight. They require traders to deposit thousands of dollars just to open an account. Normal traders don't like to deposit that much, not to mention beginners. Therefore, a good big forex broker should have low minimum deposit requirement. Check out the minimum deposit to open an account at our biggest forex brokers: Exness: 1 dollar; XM: 5 dollars If you are really serious about trading forex, then you should definitely look for fx broker that is allowing you to trade with Metatrader. MetaTrader is a standard industry platform and is the most well known and most commonly used and offers security, reliability and a number of analytical features and most brokers will allow you to use it. See the biggest forex companies in each region. Menu . Best Forex Brokers Binary Options Brokers Cryptocurrency Brokers. Largest Forex Brokers in The World 2020. August 2, 2020 Forex Brokers. A lot of traders think that a big broker is better than a smaller one because a larger company has many advantages such as economies of scale, a better liquidity position and is the subject of higher ...

[index] [16209] [10480] [22154] [24169] [7552] [28094] [18931] [8185] [22737] [10486]

BrokerDeal - YouTube

In this video i share the 10 top online forextrading website Brokers . These 10 are most trust ful in 2018 are good trading platforms... This video is only f... Want to build a winning strategy with the tools inside your trading platform? Grab my Pitchfork Trading Guide for FREE: https://bit.ly/free-pitchfork-guide T... 🚨🚨Trading Performance 🚨🚨 Improve Your Trading Performance at our Fundamental Trading Academy https://www.toptradersfx.com/academy (Our Academy is 1v1 ... Visit http://fxdailyreport.com/top-10-forex-brokers/ - Top ten best and trusted forex trading brokers in the world good for online currency trade business in... These are our top 3 forex Brokers! Insanely I forgot to mention who ranks best for spreads & currently Blueberry Markets seems to be giving you the best bang... Having the right Forex Broker is an important part of becoming a Forex Trader. In this video, I go through a few things that I kept in mind when finding a Fo... 🚨🚨Trading Performance 🚨🚨 Improve Your Trading Performance at our Fundamental Trading Academy https://www.toptradersfx.com/academy (Our Academy is 1v1 ... This video took a while to make. I did A LOT of research, I know a lot of people TRUST my recommendations so before I recommended any of these brokers. I eit... BrokerDeal.de hilft euch nicht nur objektiv und kostenlos dabei, den idealen Broker zu finden. Und zwar mit dem zugeschnittenen Brokervergleich und den Bewer...

http://binary-optiontrade.esydundus.gq