Best Forex Signals Provider - A Brief Guide on How to ...
Best Forex Signals Provider - A Brief Guide on How to ...
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https://preview.redd.it/8xclw78vdxt41.jpg?width=294&format=pjpg&auto=webp&s=59181d876b45b3a7b5a7524454f4dae6baf65dfb Already opened an account and ready to try your luck and polish your skill in Forex trading platforms? In case you are a newbie you have to take support of the expert trader to gain as much experience as possible. Even this will help you to be successful in the long run. But have you ever thought about the ways to start trading? Probably, following trading style of any experienced trader will be really helpful and saves much energy and time as well. Moreover, you can come to learn several new as well as efficient trading strategies at the same time. Sounds great and pretty simple, right? But the troublesome is regarding the selection of the trustworthy Forex signal service provider. While you are in trouble this blog is perfect for you! It entails the leading and best Forex trading signal service providers from both paid and free category. So what are you waiting for! Just go through it once to narrow your choice and select the most coherent one to enjoy trading.
While you are hunting for a reliable as well as profitable online trading signals provider along with track record there is the team of JKonFX lead by Joel Kruger. This personality has a reputation in this type of trading with about 59.16% of journal performance for the year 2016. He has offered real-time fundamental and technical insights and that too in an utmost transparency to its 30000 subscribers. Being the lower frequency trader, sending trading alert is only a minor part of this Forex trading signal provider. If it is about comparing numerous options to choose from then you may look for other reliable ones.
Verified statistics: Not verified independently
Price: $30 monthly
Year founded: 2014
Suitable for beginners: Yes (including easy-to-follow video updates)
2. Forex Signals
Since its establishment in 2012, it is the top trading signals provider to provide 24-hour accessibility to the trading rooms and that too live. There you get the chance to observe the ways by which experienced trading coaches execute the trade and share the market action whenever it gets revealed in real time. Besides signal service, it also offers access to the track record of the profits where investment can be made through the managed account. It is only signal provider that owns verified statistics independently on myfxbook. The link is also given to their respective live account of the master. As it offers everything in such a transparent way, Forex trading by selecting this provider becomes much easier and profitable in the long run.
Verified statistics: Yes
Price: $97 every month
Year founded: 2012
Suitable for beginners: Yes
Since May, 2014, DDMarkets (Digital Derivatives Markets) is offering the trading alert services in the form of a detailed document regarding the respective trading ideas in utmost explicit manners. Its procedure is quite simple all you have to do is to perform an extensive research for sharing the analytics while delivering the triggered trading signal. After its get issued, you will receive daily updates via email. It doesn’t bear floating of the open drawdown to put effort to make profit anyhow. This technique is only followed by the renowned providers for fudging the trading performances.
Verified statistics: Not verified independently.
Price: plans from $74.40 monthly
Year founded: 2014
Suitable for beginners: Yes (including easy-to-follow trade analysis)
4. 1000pip Builder
The leading trading signal provider is 1000pip Builder and is one of the few to offer independently verified and tracked results. It focuses on developing potential as well as consistent outcome with little to no drawdown. By following this strategy they are the only one to generate about 6000 pips in just 1 and half years. Every complicated analytics (key component of the Forex trading) are done by the leading trader Bob. Whenever you take a trade via this trading signal provider, an instant message filled with other crucial pieces of information will be sent via SMS or email. Generally, it includes taking of profit level, stop loss and entry price so that these can be followed by you in an appropriate way.
Verified statistics: Yes
Price: $97 monthly along with 30% discount
Year founded: 2016
Suitable for beginners: Yes
5. Traders Academy Club
Previously known as Vladimir Forex Signals, the Traders Academy Club is established in 2011. It offers standard signals which are sent to the traders via a specific Skype group or Email. But primarily it is an online Forex trading education centre. As there isn’t any verified statistics statistically, it exhibits every previous signal and trade through which comparison will be much easier with your original outcome. Live trading experience and hundreds of educational trading videos are offered via this signal.
Verified statistics: No
Price: $97 annually
Year founded: 2011
Suitable for beginners: Yes
6. Forex Mentor Pro
Play every day videos of the team of Forex Mentor Pro for listening into their insights of the market for upcoming weeks and days. Since its introduction in 2008, the team offers the accessibility to 3 trading systems by eradicating the necessity of the performance statistics. But step-by-step guide of the training videos will be posted so that you can attain the much-required speed.
Verified statistics: No statistics mentioned
Price: from $16.40/month annually or $47/monthly
Year founded: 2008
Suitable for beginners: Yes (including training videos and systems)
7. Honest Forex Signals
Since 2011, Honest Forex Signal commences offering a trade copier signal service. It has developed a specific page dedicated to the trading statistics that comes with links for displaying the last return on the myfxbook. But it never link myfxbook directly and hence it doesn’t look so independent. However, certain good reviews have acquired by it on the web and several traders comment that its services are quite helpful.
Verified statistics: No
Price: $177 per month
Year founded: 2011
Suitable for beginners: Yes
8. Daily Forex
Apart from offering free signals, both video and written instructions are provided by it which makes it unique from others. It will interact with you regarding the ideas under the traders which things are important to look for to enter this market. Other crucial pieces of information can be also gained on its site. This will be quite interesting if you still stuck to it on completion of trial period.
Verified statistics: No-free service offers market feedback
Year founded: 2006
Suitable for beginners: Moderate
9. Baby Pips
This signal provider considers every trader as newbie and so offers detailed information in the “About Us” section. Even the information is really helpful to train the novice Forex traders. Also market signals and analysis is provided by them which can be easily founded under “Pick of the Day” section. Its main motto is to teach the relevant reasons underneath every decision of trading so that you can become an expert one soon. Signals can be received via their posted blogs on the site via Facebook and Twitter.
Verified statistics: No-free service offers market feedback
Year founded: 2005
Suitable for beginners: Yes
10. Forex Peace Army
Though it is popular for the recorded reviews on the Forex yet it offers a few free trading signals as well. It has a set up of its forum style where an article is posted every day filled with detailed instructions on the way to act on every particular bit of news on the basis of the immediate effects. Even summary of the tradable news is posted on a weekly basis where you can come to know about what is coming up next week as well. Verified statistics: No-free service offers market feedback
Year founded: 2006
Suitable for beginners: Moderate
These are the best Forex trading signal service providers you can ever find. However, you are not insisted to choose any of them if you can find much better than these then, you are supposed to choose that one. But you should look for a reliable signal provider on the basis of the considerable aspects. Technical Trading Signals is also there which can be your perfect trading partner as well. Even it offers both automated and manual system of sending notification to the traders via Telegram, Email, SMS and WhatsApp regarding every step of trading. As it comprises of maximum risk it is not an ideal option for every investor. Every sort of leverage gets against your trading step. You may lose consecutively your investment as well. Financial advice is better to seek before starting trading.
You have to take care to select the best and reliable Forex signals provider. There are some providers who provide their client’s accurate signals that give profit as a result on the hand there are some others who can lose you money with inaccurate signals. Reach to CompareThemFx, the best forex trading Platforms, who will provide you the list of the best forex brokers. Just visit our website for more details. forex trading platform
Some trading wisdom, tools and information I picked up along the way that helped me be a better trader. Maybe it can help you too.
Its a bit lengthy and I tried to condense it as much as I can. So take everything at a high level as each subject is has a lot more depth but fundamentally if you distill it down its just taking simple things and applying your experience using them to add nuance and better deploy them. There are exceptions to everything that you will learn with experience or have already learned. If you know something extra or something to add to it to implement it better or more accurately. Then great! However, my intention of this post is just a high level overview. Trading can be far too nuanced to go into in this post and would take forever to type up every exception (not to mention the traders individual personality). If you take the general information as a starting point, hopefully you will learn the edge cases long the way and learn how to use the more effectively if you end up using them. I apologize in advice for any errors or typos. Introduction After reflecting on my fun (cough) trading journey that was more akin to rolling around on broken glass and wondering if brown glass will help me predict market direction better than green glass. Buying a $100 indicator at 2 am when I was acting a fool, looking at it and going at and going "This is a piece of lagging crap, I miss out on a large part of the fundamental move and never using it for even one trade". All while struggling with massive over trading and bad habits because I would get bored watching a single well placed trade on fold for the day. Also, I wanted to get rich quick. On top all of that I had a terminal Stage 4 case of FOMO on every time the price would move up and then down then back up. Just think about all those extra pips I could have trading both directions as it moves across the chart! I can just sell right when it goes down, then buy right before it goes up again. Its so easy right? Well, turns out it was not as easy as I thought and I lost a fair chunk of change and hit my head against the wall a lot until it clicked. Which is how I came up with a mixed bag of things that I now call "Trade the Trade" which helped support how I wanted to trade so I can still trade intra day price action like a rabid money without throwing away all my bananas. Why Make This Post? - Core Topic of Discussion I wish to share a concept I came up with that helped me become a reliable trader. Support the weakness of how I like to trade. Also, explaining what I do helps reinforce my understanding of the information I share as I have to put words to it and not just use internalized processes. I came up with a method that helped me get my head straight when trading intra day. I call it "Trade the Trade" as I am making mini trades inside of a trade setup I make from analysis on a higher timeframe that would take multiple days to unfold or longer. I will share information, principles, techniques I used and learned from others I talked to on the internet (mixed bag of folks from armatures to professionals, and random internet people) that helped me form a trading style that worked for me. Even people who are not good at trading can say something that might make it click in your head so I would absorbed all the information I could get.I will share the details of how I approach the methodology and the tools in my trading belt that I picked up by filtering through many tools, indicators strategies and witchcraft. Hopefully you read something that ends up helping you be a better trader. I learned a lot from people who make community posts so I wanted to give back now that I got my ducks in a row. General Trading Advice If your struggling finding your own trading style, fixing weakness's in it, getting started, being reliably profitable or have no framework to build yourself higher with, hopefully you can use the below advice to help provide some direction or clarity to moving forward to be a better trader.
KEEP IT SIMPLE. Do not throw a million things on your chart from the get go or over analyzing what the market is doing while trying to learn the basics. Tons of stuff on your chart can actually slow your learning by distracting your focus on all your bells and whistles and not the price action.
PRICE ACTION. Learn how to read price action. Not just the common formations, but larger groups of bars that form the market structure. Those formations carry more weight the higher the time frame they form on. If struggle to understand what is going on or what your looking at, move to a higher time frame.
INDICATORS. If you do use them you should try to understand how every indicator you use calculates its values. Many indicators are lagging indicators, understanding how it calculates the values can help you learn how to identify the market structure before the indicator would trigger a signal . This will help you understand why the signal is a lagged signal. If you understand that you can easily learn to look at the price action right before the signal and learn to watch for that price action on top of it almost trigging a signal so you can get in at a better position and assume less downside risk. I recommend using no more than 1-2 indicators for simplicity, but your free to use as many as you think you think you need or works for your strategy/trading style.
PSYCOLOGY. First, FOMO is real, don't feed the beast. When you trade you should always have an entry and exit. If you miss your entry do not chase it, wait for a new entry. At its core trading is gambling and your looking for an edge against the house (the other market participants). With that in mind, treat as such. Do not risk more than you can afford to lose. If you are afraid to lose it will negatively effect your trade decisions. Finally, be honest with your self and bad trading happens. No one is going to play trade cop and keep you in line, that's your job.
TRADE DECISION MARKING: Before you enter any trade you should have an entry and exit area. As you learn price action you will get better entries and better exits. Use a larger zone and stop loss at the start while learning. Then you can tighten it up as you gain experience. If you do not have a area you wish to exit, or you are entering because "the markets looking like its gonna go up". Do not enter the trade. Have a reason for everything you do, if you cannot logically explain why then you probably should not be doing it.
ROBOTS/ALGOS: Loved by some, hated by many who lost it all to one, and surrounded by scams on the internet. If you make your own, find a legit one that works and paid for it or lost it all on a crappy one, more power to ya. I do not use robots because I do not like having a robot in control of my money. There is too many edge cases for me to be ok with it.However, the best piece of advice about algos was that the guy had a algo/robot for each market condition (trending/ranging) and would make personalized versions of each for currency pairs as each one has its own personality and can make the same type of movement along side another currency pair but the price action can look way different or the move can be lagged or leading. So whenever he does his own analysis and he sees a trend, he turns the trend trading robot on. If the trend stops, and it starts to range he turns the range trading robot on. He uses robots to trade the market types that he is bad at trading. For example, I suck at trend trading because I just suck at sitting on my hands and letting my trade do its thing.
Trade the Trade - The Methodology
Base Principles These are the base principles I use behind "Trade the Trade". Its called that because you are technically trading inside your larger high time frame trade as it hopefully goes as you have analyzed with the trade setup. It allows you to scratch that intraday trading itch, while not being blind to the bigger market at play. It can help make sense of why the price respects, rejects or flat out ignores support/resistance/pivots.
Trade Setup: Find a trade setup using high level time frames (daily, 4hr, or 1hr time frames). The trade setup will be used as a base for starting to figure out a bias for the markets direction for that day.
Indicator Data: Check any indicators you use (I use Stochastic RSI and Relative Vigor Index) for any useful information on higher timeframes.
Support Resistance: See if any support/resistance/pivot points are in currently being tested/resisted by the price. Also check for any that are within reach so they might become in play through out the day throughout the day (which can influence your bias at least until the price reaches it if it was already moving that direction from previous days/weeks price action).
Currency Strength/Weakness: I use the TradeVision currency strength/weakness dashboard to see if the strength/weakness supports the narrative of my trade and as an early indicator when to keep a closer eye for signs of the price reversing.Without the tool, the same concept can be someone accomplished with fundamentals and checking for higher level trends and checking cross currency pairs for trends as well to indicate strength/weakness, ranging (and where it is in that range) or try to get some general bias from a higher level chart that may help you out. However, it wont help you intra day unless your monitoring the currency's index or a bunch of charts related to the currency.
Watch For Trading Opportunities: Personally I make a mental short list and alerts on TradingView of currency pairs that are close to key levels and so I get a notification if it reaches there so I can check it out. I am not against trading both directions, I just try to trade my bias before the market tries to commit to a direction. Then if I get out of that trade I will scalp against the trend of the day and hold trades longer that are with it.Then when you see a opportunity assume the directional bias you made up earlier (unless the market solidly confirms with price action the direction while waiting for an entry) by trying to look for additional confirmation via indicators, price action on support/resistances etc on the low level time frame or higher level ones like hourly/4hr as the day goes on when the price reaches key areas or makes new market structures to get a good spot to enter a trade in the direction of your bias.Then enter your trade and use the market structures to determine how much of a stop you need. Once your in the trade just monitor it and watch the price action/indicators/tools you use to see if its at risk of going against you. If you really believe the market wont reach your TP and looks like its going to turn against you, then close the trade. Don't just hold on to it for principle and let it draw down on principle or the hope it does not hit your stop loss.
Trade Duration Hold your trades as long or little as you want that fits your personality and trading style/trade analysis. Personally I do not hold trades past the end of the day (I do in some cases when a strong trend folds) and I do not hold trades over the weekends. My TP targets are always places I think it can reach within the day. Typically I try to be flat before I sleep and trade intra day price movements only. Just depends on the higher level outlook, I have to get in at really good prices for me to want to hold a trade and it has to be going strong. Then I will set a slightly aggressive stop on it before I leave. I do know several people that swing trade and hold trades for a long period of time. That is just not a trading style that works for me.
Enhance Your Success Rate Below is information I picked up over the years that helped me enhance my success rate with not only guessing intra day market bias (even if it has not broken into the trend for the day yet (aka pre London open when the end of Asia likes to act funny sometimes), but also with trading price action intra day. People always say "When you enter a trade have an entry and exits. I am of the belief that most people do not have problem with the entry, its the exit. They either hold too long, or don't hold long enough. With the below tools, drawings, or instruments, hopefully you can increase your individual probability of a successful trade. **P.S.*\* Your mileage will vary depending on your ability to correctly draw, implement and interpret the below items. They take time and practice to implement with a high degree of proficiency. If you have any questions about how to do that with anything listed, comment below and I will reply as I can. I don't want to answer the same question a million times in a pm. Tools and Methods Used This is just a high level overview of what I use. Each one of the actions I could go way more in-depth on but I would be here for a week typing something up of I did that. So take the information as a base level understanding of how I use the method or tool. There is always nuance and edge cases that you learn from experience.
I keep a general high level Macro outlook for currencies. I dont get too deep into Fundamentals and just keep an eye out for news. If I am already in a trade I will hold it if its far enough away from my entry. However, I wont enter right before/during news as it can invalidate your setup.
I started with the basics of learning the standard price action formations/patterns and candles. You can find tons of free info on that online, google is your friend. Then I stared at charts and said "why did the price do that or do this etc" then after a while I started to understand what's happening without having to think about it and I can see the market structure without having to look as closely as I did in the past.
After many many hours of staring at 5 min charts for 15 hours a day 5 days a week I learned how to look at 5 min charts and be like "Oh that's a hammer on the 15 min etc. If you keep track of time you can do the same for hourly candles as well and you will start to see market structure naturally. However I typically trade in a two chart panel window so I have a 15 min and 5 min chart up when trading intra day so I dont have to think too hard about it.
Draw support resistance lines on Daily/4hr timeframes. I prefer to use body of the candle instead of the wick for support/resistance.
You can find support/resistance liquidity levels through out the day as well and trade those if the price retraces back through levels its already been through that same day.
It would be a bit length to explain exactly the best place to draw them. If your unsure there is plenty of free resources on the internet. Just try to use your head and look for price levels where the price was "Supported" or it "Resisted" that price level then slap a line on it. Draw as few or as many lines as you feel helps you and your style. I tend to lean on the side of fewer. I typically do about 6 lines main support/resistances (3 of each).
Draw two Fibonacci Extensions. One on the daily timeframe, and then one on the 4hr time frame. Then you can trade the Fibonacci levels and use them for TP targets or entry zones if price action respects the level. Also you can use it along with support/resistance and pivots if they happen to line up or are very close.
I cannot really figure out how to put it into words how to draw a Fib if you dont know how. I will have to make a picture to demonstrate it. If your interested post below and I will draw one up and post a link. Probably the easiest way to understand. Just keep in mind the Fib you draw on the 4hr time frame will be inside the daily timeframe one.
The TradeVision2020 dashboard that I use just helps me keep a tab on the current market post plus any swing strength/momentum a currency might have on higher time frames. Helps me look for shifts in the market or confirmation that the bias it already has in momentum is continuing. I have found that often currencies when they get really/weak or strong might continue for several days or even longer like a full week or more. We recently had what felt like 1 week or so of flat out Yen weakness which was making some things wonky. All it does is allow me to look at the dashboard instead of a million other charts.
I use two that work well for my intra day style. The Stochastic RSI is just like a RSI but its faster. The second is the Relative Vigor Index which I use to detect swings in momentum and divergences in bullish/bearish momentum. I have used many others in the past, but as I have grown and got better as a trader I have found making my analysis simpler has improved my trading.I dont like the whole idea of have 43 different indicators on 32 different time frames light up a dashboard to be green for me to enter a trade. With how I do it now, I have a clear understanding of what I expect to happen and why. That way when it does happen I understand the move and dont get freaked out if the market moves funny after I am in the trade.
Conclusion I use the above tools/indicators/resources/philosophy's to trade intra day price action that sometimes ends up as noise in the grand scheme of the markets movement.use that method until the price action for the day proves the bias assumption wrong. Also you can couple that with things like Stoch RSI + Relative Vigor Index to find divergences which can increase the probability of your targeted guesses. Trade Example from Yesterday This is an example of a trade I took today and why I took it. I used the following core areas to make my trade decision.
Fundamental Bias: I already had a bullish fundamental outlook on EUUSD with expecting the markets to price in future similes due a higher an higher chance of Biden winning on paper as the election closed in and a "Blue wave" coming which would lead to a weaker dollar. Also, the Euro Zone is getting hammered with COVID pretty hard plus Brexit drama so I had a strong Euro bias.NOTE: As frame of reference, all the other pairs I trade I traded as if they were ranging and trade a range. Markets are messed up right now.
Currency Strength/Weakness: I use a tool that gives me a currency strength/weakness dashboard called TradeVision2020. Helps me track individual currency strength/weakness intra day. Took me about a month to get used to it, but helps me keep track of intra day strength/weakness that can add a bias to trade direction as the day unfolds. Like "Will this run have a 2nd or 3rd push higher" or "I should look to TP at the first sign of weakness in the push" type bias data. You still got to use your brain and figure out the best decision. It wont make choices for you, its only a guide.NOTE: I am not trying to adverse the tool (if providing the code is against sub rules let me know), its just a tool I use every day that helps me with directional bias calls. I am sharing the coupon code that was given to me when I found out about the tool in the TradingView forex chatroom and the guy gave me the code to use when I signed up. I dont want someone to read the name and want to try it out then overpay for no reason. The coupon will give you 40% off. Coupon Code: 3F7A0T5T
Higher Timeframe Analysis: Detected some early signs of Bearish Divergence on the 1hr chart using a on a higher time frame using a Stochastic RSI. Then I saw more confirmation on 5 min charts using Relative Vigor Index to help time my entry mid session.
Pivot Points: I treat pivot points like support/resistance and trade them as such using price action to give me some idea how its being treated by the market. Pretty straight forward.
It may seem like a lot of stuff to process on the fly while trying to figure out live price action but, for the fundamental bias for a pair should already baked in your mindset for any currency pair you trade. For the currency strength/weakness I stare at the dashboard 12-15 hours a day so I am always trying to keep a pulse on what's going or shifts so that's not really a factor when I want to enter as I would not look to enter if I felt the market was shifting against me. Then the higher timeframe analysis had already happened when I woke up, so it was a game of "Stare at the 5 min chart until the price does something interesting" Trade Example: Today , I went long EUUSD long bias when I first looked at the chart after waking up around 9-10pm Eastern. Fortunately, the first large drop had already happened so I had a easy baseline price movement to work with. I then used tool for currency strength/weakness monitoring, Pivot Points, and bearish divergence detected using Stochastic RSI and Relative Vigor Index. I first noticed Bearish Divergence on the 1hr time frame using the Stochastic RSI and got confirmation intra day on the 5 min time frame with the Relative Vigor Index. I ended up buying the second mini dip around midnight Eastern because it was already dancing along the pivot point that the price had been dancing along since the big drop below the pivot point and dipped below it and then shortly closed back above it. I put a stop loss below the first large dip. With a TP goal of the middle point pivot line Then I waited for confirmation or invalidation of my trade. I ended up getting confirmation with Bearish Divergence from the second large dip so I tightened up my stop to below that smaller drip and waited for the London open. Not only was it not a lower low, I could see the divergence with the Relative Vigor Index. It then ran into London and kept going with tons of momentum. Blew past my TP target so I let it run to see where the momentum stopped. Ended up TP'ing at the Pivot Point support/resistance above the middle pivot line. Random Note: The Asian session has its own unique price action characteristics that happen regularly enough that you can easily trade them when they happen with high degrees of success. It takes time to learn them all and confidently trade them as its happening. If you trade Asia you should learn to recognize them as they can fake you out if you do not understand what's going on. TL;DR At the end of the day there is no magic solution that just works. You have to find out what works for you and then what people say works for them. Test it out and see if it works for you or if you can adapt it to work for you. If it does not work or your just not interested then ignore it. At the end of the day, you have to use your brain to make correct trading decisions. Blindly following indicators may work sometimes in certain market conditions, but trading with information you don't understand can burn you just as easily as help you. Its like playing with fire. So, get out there and grind it out. It will either click or it wont. Not everyone has the mindset or is capable of changing to be a successful trader. Trading is gambling, you do all this work to get a edge on the house. Trading without the edge or an edge you understand how to use will only leave your broker happy in the end.
Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while. FIRST OF ALL, who am I..? I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since. I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass. What the fuck is forex and forex trading. In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend. These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell) Is forex trading illegal in Kenya? Is it a scam? Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019) Have there been scams involving forex in Kenya? Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable. However, by the end of this post, I hope you won’t fall for such silliness. What next how do I make it work..? Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that. The second route is more practical, structured and smarter. First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car. Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored. The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you. Here are some nice YouTube channels to watch. These guys are legit..
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off. How long will it take until things start making sense Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee. Social media, Mentality, Psychology and Books Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed. Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you. Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch. Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn. This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts. Brokers You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it. Money transfer. All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.) How much money can I make..? I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make. How much money do I need to start with..? Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds. Taxes..? Talk to a lawyer or an accountant. I am neither. Family? Friends? Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it. The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together. Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job. And now it is 5am, fuck. This is oversimplified and leaves out many many aspects. Happy to answer any questions.
Binary Options Review; Best Binary Options Brokers
Binary Options Review; Best Binary Options Brokers We have compared the best regulated binary options brokers and platforms in May 2020 and created this top list. Every binary options company here has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The broker comparison list below shows which binary trading sites came out on top based on different criteria. You can put different trading signals into consideration such as using payout (maximum returns), minimum deposit, bonus offers, or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. This review is to ensure traders don't lose money in their trading account. How to Compare Brokers and Platforms In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from your country e.g. check US trade requirements if you are in the United States. Here at bitcoinbinaryoptionsreview.com, we have provided all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
What is the Minimum Deposit? (These range from $5 or $10 up to $250)
Are they regulated or licensed, and with which regulator?
Can I open a Demo Account?
Is there a signals service, and is it free?
Can I trade on my mobile phone and is there a mobile app?
Is there a Bonus available for new trader accounts? What are the Terms and
Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices, and stocks – and how many of each?
Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of the day, long term, etc?)
How much is the minimum trade size or amount?
What types of options are available? (Touch, Ladder, Boundary, Pairs, etc)
Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
Do they operate a Robot or offer automated trading software?
What is Customer Service like? Do they offer telephone, email and live chat customer support – and in which countries? Do they list direct contact details?
Who has the best payouts or maximum returns? Check the markets you will trade.
The Regulated Binary Brokers Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option. Regulators - Leading regulatory bodies include:
CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
FCA – Financial Conduct Authority (UK)
CFTC – Commodity Futures Trading Commission (US)
FSB – Financial Services Board (South Africa)
ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organization. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort. Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner. Bonuses - Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment, or risk-free trade. Whatever the form of a bonus, there are terms and conditions that need to be read. It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt-out’ of taking a bonus. Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over-trade’. If the bonus does not suit you, turn it down. How to Find the Right Broker But how do you find a good broker? Well, that’s where BitcoinBinaryOptionsReview.com comes in. We assess and evaluate binary options brokers so that traders know exactly what to expect when signing up with them. Our financial experts have more than 20 years of experience in the financial business and have reviewed dozens of brokers. Being former traders ourselves, we know precisely what you need. That’s why we’ll do our best to provide our readers with the most accurate information. We are one of the leading websites in this area of expertise, with very detailed and thorough analyses of every broker we encounter. You will notice that each aspect of any broker’s offer has a separate article about it, which just goes to show you how seriously we approach each company. This website is your best source of information about binary options brokers and one of your best tools in determining which one of them you want as your link to the binary options market. Why Use a Binary Options Trading Review? So, why is all this relevant? As you may already know, it is difficult to fully control things that take place online. There are people who only pose as binary options brokers in order to scam you and disappear with your money. True, most of the brokers we encounter turn out to be legit, but why take unnecessary risks? Just let us do our job and then check out the results before making any major decisions. All our investigations regarding brokers’ reliability can be seen if you click on our Scam Tab, so give it a go and see how we operate. More detailed scam reports than these are simply impossible to find. However, the most important part of this website can be found if you go to our Brokers Tab. There you can find extensive analyses of numerous binary options brokers irrespective of your trading strategy. Each company is represented with an all-encompassing review and several other articles dealing with various aspects of their offer. A list containing the very best choices will appear on your screen as you enter our website whose intuitive design will allow you to access all the most important information in real-time. We will explain minimum deposits, money withdrawals, bonuses, trading platforms, and many more topics down to the smallest detail. Rest assured, this amount of high-quality content dedicated exclusively to trading cannot be found anywhere else. Therefore, visiting us before making any important decisions regarding this type of trading is the best thing to do. CONCLUSION: Stay ahead of the market, and recover from all kinds of binary options trading loss, including market losses in bitcoin, cryptocurrency, and forex markets too. Send your request via email to - [email protected]
Heyo folks! Want to get off the COVID-19 news cycle? Hop onto the Parachute express. Here’s your week at Parachute + partners (20 Mar - 26 Mar'20): Doc Vic hosted a CoD Mobile Battle Royale in the Parachute War Zone while Alejandro hosted a gun mode flash game followed by a free for all flash game. The PAR4PAR raffle continues too. Get on in the action to win some cool $PAR just for HODLing. Afful held a trivia in TTR for 1k $PAR in prizes per question. While Gamerboy’s history trivia in tiproom was a ton of fun, Charlotte’s math quiz bamboozled everyone. Foo held a blink-and-you-miss Parena this week. Gian’s Two-for-Tuesday was a welcome respite in these testing times with Parachuters invited to post music from their home countries. Sebastian, like always, was a Godsend for setting up a playlist of all the posts. For #wholesomewed, Parachuters looked for "the most ridiculous item for sale of Amazon". Haha! The wackiest #wholesomewed entries from Streamr, Franklin and Christian (L-R) Click here to watch this week’s aXpire update video. For the weekly token burn, 20k $AXPR was sent to the Ethereum Genesis Address. 2gether has observed a 236% rise in crypto purchases during the COVID-19 crisis period. Results of these findings were published on Cointelegraph as well as shared in a video by YouTuber Tiziano Tridico. Bounty0x Telegram community members were in for a treat this week. The project partnered with Unstoppable Domains to offer a free .crypto domain to everybody who followed the instructions here. Switch published their latest product update this week. Click here to read about Fantom’s views on regulations and expansion plans in Korea. The latest technical update was published as well. Following the project’s partnership with Band Protocol which was announced last week, the two teams got together for an AMA this week. Plus, congrats on reaching 1Bn staked $FTM! A brand new API was released so that it could keep up with the chain followed by the release of its chain explorer – Fantom Vision. Uptrennd founder Jeff Kirdeikis hosted a community AMA to take feedback on how to improve the platform. Jeff also wrote about the markets and how they have affected Uptrennd amidst the COVID-19 situation. And congrats on the merch shop. Get your Uptrennd gear, folks! Digibyte won the public vote which started last week to select a project for a free free review + marketing package from Uptrennd. The report will be published next week. Entries for the Article of the Month contest ended this week with a public vote to adjudge the best. CyberFM suspended all On-Air advertising this week to be replaced by public service announcements and free advertising for small local businesses. That is a big jump indeed Harmony’s #pow thread is a detailed summry of the individual-level work of all team members over the last week. The weekly video digest can be seen here. The crew also conducted a meetup over Zoom this week. Validators, delegators and stakers have their own chat room now as well. The winners of the $ONE trading competition on ViteX started few weeks back were announced this week. Privacy protocol Suterusu partnered with Harmony to add new privacy features to the $ONE blockchain. $ONE got listed on SimpleSwap. Mainnet swap was completed on HitBTC. Did you know it would less than a minute to recover your node after a network hard reset? Check out this video to see for yourself. Plus, a demo of how cheap a transaction can be showed you could do almost a thousand transactions with 1 $ONE. The project also joined hands with several other blockchain companies to contribute computing power for COVID-19 research through BOINC Network. Intellishare announced a deadline (24 Apr’20) with withdraw all funds from their website to prepare for an upgrade. GET Protocol CEO Maarten Bloemers wrote penned his thoughts on the present COVID-19 crisis and how the platform is coping with it. Despite the lockdown, the team’s “spirits” continue to remain high. Get it, get it? Haha. As the Q1 2020 burn report gets close, the community got together to guess the burn amount to win some cool $GET tokens. THE $COTI top management were invited by Cardano this week to talk about payment networks. Following the claim reward option released last week, the unstake option was also made available to stakers on the mainnet wallet starting this week. A new upgrade was made to the transaction distribution algorithm to ensure fair chance to all participating nodes in the network. For the latest project status report, click here. Plus, congratulations on the new funding round. $ETH HODLers, you might want to check your wallets. DoYourTip airdropped 20 $DYT tokens to each wallet that held some ParJar supported tokens this week. New unstake option in the COTI mainnet wallet This week’s District0x Dapp Digest had former professional basketball player and founder of DAOhub Auryn Macmillan as an interviewee. The District Weekly covers the last 7 days in the District0xverse. Hydrogen announced an integration with KYC provider Trulioo this week. The project was also mentioned in a Forbes article listing fintechs that were offering free technology in the COVID-19 crisis. Thinking of building a fintech app? The crew explained what it takes to make one in their latest blog post. Crypto chartist Stacking USD announced a partnership with Sentivate where he will be creating curated $SNTVT-focused content. Still haven’t seen Sentivate’s social site? Check out the FAQs to learn more. BitForex partnered with Mycro to have their latest campaign on the Mycro Hunter App. SelfKey joined Blockfolio Signal this week. This allows them to share project updates as notifications with Blockfolio users. How could COVID-19 affect your data security? Read all about it in SelfKey’s latest blog post. Plus, tips for WFH (Work From Home) during the lockdown. WhiteBIT was added to the exchange marketplace this week. The team also answered some FAQs on the $KEY token and tokenomics. Additionally, the team wrote about how China’s Social Credit System would mean for the digital identity ecosystem. KuCoin announced support for Constellation’s $DAG mainnet swap. CEO Ben Jorgensen also shared some updates on the swap and onboarding node operators. Owing to the COVID-19 lockdowns, Wibson crew attended this week’s Ethereum Buenos Aires meetup on Zoom. And with that, it’s a close for this week at Parachute! See you again with another update. Bye for now!
The number of people working from home just increased due to the current global situation – the coronavirus pandemic. People are expected not to leave their homes, maintain a safe distance and take up safety precautions to prevent getting infected. Many people lost their livelihoods and while some have the options to work from home. Even before the current pandemic people did work and earn from their homes and managed to make a good income. There are various kinds of services one can provide such as online education, translation, software development, design & creative services, writing, sales and marketing, virtual assistance, bookkeeping and the list goes on. The need to learn a new skill that could help you earn from home is more than ever during these stressful times where many businesses are dying because they need the workers to be present at the work location. It’s true that there are people who cannot afford to learn a new skill or earn from home but those who have access to the resources should at least consider to try it. The town where I live which is, fortunately, a green zone, which has no infected person at present, has many small businesses that got affected. The open hours have shortened to 7 hours with 2 days lockdown every week. Many businesses aren’t making enough income as they used to before the pandemic. People are turning to find different jobs. During these times, one can invest in themselves. Learn a skill such as copywriting, content creation, digital marketing, graphic design and trading and so on. Trading is also a skill one can learn just like any other skills mentioned above. The idea that one can enter the market and start trading without investing in learning it, is totally incorrect. There is a lot of mental calculation and analysis that goes behind buying/selling of currency pairs. Trading skill is one of the most invaluable skill and can be financially rewarding in the long term. By investing in trading properly one can make gains of about 2%-5% a day which is more than bank interests of about 7%-9% a year. One can provide forex services to those who need it. Investoforex comprises of professionals with years of experience that aim to provide you with one of the best forex services. They invested in themselves and learned skill so rewarding in the long term and are sharing the ideas to people around the world. One may think all that is needed is a strong signal to make great gains but one needs to look at the chart and understand entry moves, make analysis & do what should be done. We offer this amazing membership Pro Chat Group lifetime membership where we not only provide signals but also a professional consultation, experts who will look at your trades and guide you in your trading journey. Productive interaction with the professional that will open your eyes to possibilities hidden in plain sight and enhance your trading skills. Investoforex mainly emphasises on gold trades in this particular membership as it is the most volatile one where one can make over a thousand pips. Strengthen your basic ideas of trading, chart, bullish & bearish and much more, take advantage of the membership at a very small fee which you can recover in seconds. Besides this lifetime membership, there are other forex services to suit the needs of various people. If you are interested to add a rewarding skill, now is the best time to invest in yourself instead of waiting for the bad times to end. If you are interested in trading with us or even a little curious, do check our website www.investoforex.com and browse through the information provided. Your days of pandemic do not necessarily have to be miserable. Learn. Earn. Grow. View original article: https://qr.ae/pNsZGy Mingle with Gold Traders: https://telegram.me/PROFXBillionaireChatroom
What are some of the best apps you have on your Mac? here are mine
I have just upgraded my 2012 MBP to the latest one and am reviewing the software I have installed and going through what I use frequently enough to merit keeping on the brand new system. Figured I would share the list here and get some good recommendations from the community as well. Paid or free, does not matter. I love discovering new and useful apps and hope you find something new and interesting in this list too. Here is what I use frequently or semi-frequently:
Cost: Free (all core functionality) with paid features (themes and editor customizations) Site: https://standardnotes.org/ It is an open-source, end-to-end encrypted, cross-platform text based notes application. End-to-end encryption means no one (not even the company itself) can read the notes you keep here unless they have access to your password. It syncs flawlessly on all devices and the bulk and most useful features are free.
Cost: Free Site: https://www.mowglii.com/itsycal/ Great little utility that provides you with the calendar in the menu bar. Its provide a more concise but slightly less attractive menu calendar option than Fantastical 2.
Cost: $40 Site: https://flexibits.com/fantastical If you have been using MacOS for more than a few months then you surely have heard of it. It is a great calendar replacement.
Cost: Free Site: https://quassel-irc.org/ An open source and cross-platform IRC application. It is slightly less polished than the paid Textual 7 IRC app for MacOS but I use it because it provides the Core/Client capability. So I have the core running on an always on Windows server on my home network and I use the client app on my Mac and Windows computers to connect to the same IRC session. Sort of an always on IRC solution.
Cost: Free for one device, subscription for multiple devices Site: https://protonvpn.com/ An awesome VPN that provides unlimited bandwitdth for free for one device (at a time, so you can install on your iphone and ipad too but can only have one active connection at a time, for example, when travelling)
Signal Desktop Sync
Cost: Free Site: https://signal.org/ Free, open source, cross platform (no ipad) encrypted messaging app recommended by Edward Snowden.
Cost: Free on one device, Subscription for sync on multiple devices and features Site: https://dayoneapp.com/ A diary and journaling app that provides (for subscription) end-to-end encrypted syncing for your diaries on all your devices (iOS, iPadOS, MacOS only, no Windows and the web app does not support end-to-end encrypted journals).
MS Remote Desktop 10
Cost: Free Site: Get from Mac App Store Remote Desktop app for connecting to all Windows machines on your network or at work
Cost: Free Site: https://calibre-ebook.com/ Free, open-source, cross-platform ebook management system. Must have if you have an ebook reader like Kobo or Kindle
Little Snich 4
Cost: $40 Site: https://www.obdev.at/products/littlesnitch/index.html A beautifully designed outbound firewall that lets you keep track on which apps on your computer are making outbound connections and where to. Run it in silent mode and then check every once in a while to ensure no apps are leaking your information to places that they shouldn't be. For example you can block certain apps from reporting to Google Analytics if they haven't asked for your consent to collect analytics.
Cost: $50 Site: https://moneydance.com/ A cross-platform personal finance/budgeting app (no mobile syncing for investments). I only use it for its portfolio (stocks, forex etc.) tracking and end-to-end encrypted syncing capabilities.
App Cleaner & Uninstaller
Cost: Free and Pro for $10 Site: https://nektony.com/mac-app-cleaner Just a little bit more thorough than the free App cleaner from freemacsoft but that one shoud be good enough for you too.
Cost: Free 5 GB. +1GB/each referral Site (link with referral for +1GB upon signup): https://www.sync.com/?sync_refer=8940a2ba0 An end-to-end encrypted dropbox alternative. Use it to backup important documents on the cloud without having to worry about the service/hackers being able to get at the information on the server side.
Better Touch Tool
Cost: $7.5 Site: https://folivora.ai/ Great utility to customize touchbar on your Macbook Pro. Use it with one of the available customization packages to get started.
Cost: $50 (or $40 with code: LEARNSCRIVENER) Site: https://www.literatureandlatte.com/scriveneoverview Porbably the best long-form wirting tool on Mac (and even Windows). I prefer it over Ulysses because it's not subscription based. Free trial available, try it out.
Cost: $15 Site: https://pasteapp.me/ A clipboard manager that prganizes copied information in a great card based system. Allows iCloud based sync too that is optional.
Forex trading is a system in which forex traders do the transference of currencies among them on an agreed-upon price. It is also a frequently used method as people who travel abroad exchange their currencies. This technique is used by banks, companies, people, etc. Forex signals as said are very important tools for forex trading i.e. exchange of currencies and there are different types of forex systems and the results vary in those systems. Every forex signal perform differently and is exceptional in their own way.
Why Signals are important?
It is a must to purchase forex signals for a forex trader as it is very important in monitoring entry/exit points without spending time and energy. Another advantage is that you don’t have to worry about market analyzing as forex trading signal providers take care of it by themselves. Most of the popular pair of currencies exchange are already in it. It also helps you to develop a successful trading strategy. Forex signal tools are established on the basis of automatic computer exploration of the market. There are few benefits of this type of system one of the major advantage is that it reduces the negative human psychological effects because negative psychology most likely increases the chances of errors and failures. So we can say that the forex signal is a very important tool for forex trading and purchasing it is needed as a free forex signal is not trusted and it is very important to purchase a trusted tool. It is also recommended to buy these forex trading signal services until a person has a lot of experience and gain enough confidence in trading as insecurity can lead to failure.
Easiest Pair to trade:
There are many popular currency pairs and there is a difference in outlook in all the major currency pairs and the list is always not definite. Every person has a different opinion on which currency pair is easiest for beginners, but one pair you’ll be told the most times is EUUSD pair. This is the pair which is voted by many people as best for beginners. EUUSD is one of the highest traded forex pairs around the globe. The euro, in this case, is base currency while the US dollar is the quote currency meaning that how many dollars you will need in order to purchase one euro. This currency pair is less volatile than other pairs as both of these currencies are backed by the world’s two greatest economies. So if you’re a beginner then this pair is the best for you and it might be for the next few years.
Wall Street Week Ahead for the trading week beginning June 24th, 2019
Good afternoon and happy Saturday to all of you here on wallstreetbets. I hope everyone on this subreddit made out pretty nicely in the market this past week, and is ready for the new trading week ahead. Here is everything you need to know to get you ready for the trading week beginning June 24th, 2019.
What to watch in the market in the week ahead: Stocks on track for best first half in 22 years - (Source)
The fate of U.S.-China trade talks could play out in the week ahead, and that could set the tone for markets and the economy in the second half of the year. Stocks set new highs in the past week, after the Federal Reserve signaled it was ready to cut interest rates if necessary, and Fed Chair Jerome Powell said trade and the global economy are two factors the Fed is watching. The S&P 500 was on track, as of Friday, to score a more than 17.6% gain for the first half, which ends Friday. If it stays at that level that would be the best first half performance since 1997, when the S&P was up 19.4% in the first six months. The big event in the coming week has been as anticipated for weeks, and it could sway sentiment for weeks to come. At the end of the week, the G-20 meets in Osaka Japan for meetings Friday and Saturday. ‘Could go either way’ President Donald Trump and Chinese President Xi Jinping are expected to have their own dinner meeting at the G-20 next weekend, following discussions between their trade representatives. That meeting could decide how trade negotiations go forward, and whether the U.S. proceeds with another round of tariffs, this time on $300 billion in goods. “Everybody knows the Trump, Xi meeting could go either way,” said Marc Chandler, chief market strategist at Bannockburn Global Forex. “I think everyone expects a new tariff freeze. That the $300 billion won’t go into effect. The most you can hope for out of G-20 meeting is the tariffs are where they are right now, and there’s no more escalation.That also means China will not release the list of companies they won’t do business with.” Chandler said he will be looking for signaling from Trump and Xi on whether they are working on a deal that would be just on the trade topics, or bigger issues like North Korea and differences on the South China Sea. “I do think the G-20 is quite important in that there’s not question in recent months, the trade war started to really move into measures of confidence and measures of manufacturing activity,” said Ethan Harris, head of global economics at Bank of America Merrill Lynch. Harris said he expects a positive message with an agreement of no further escalation, but probably not signs of significant progress. “I think the vibes coming out of it will be modestly positive,” he said. “Whether there’s an escalation to the next round of China tariffs is going to set the theme for the rest of the year. Even if tariffs on China are reversed, or partly reversed, at some point, every time there’s an escalation or temporary escalation, it’s another kind of blow to confidence,” he said. Harris said there’s the same risk as after the Trump, Xi meeting at the last G-20, where it was a positive tone but there was little progress afterwards and the markets then reacted negatively. “I think there’s been this broad increased awareness from every economist that the trade war is starting to have noticeable impact. Further escalation with China would be quite a big signal. If the Trump administration puts tariffs on all the Chinese products it roughly doubles the size of the trade war and it sends a very strong message that there are very few constraints on where [Trump] goes next,” he said. Powell and data Besides the meeting between Trump and Xi, the market focus will be on anything that could provide clues on what the Fed or even the European Central Bank will do, after ECB President Mario Draghi last week basically promised a new era of easing. Consumer price inflation data is expected for the euro zone, and on Friday, the U.S. personal consumption expenditure data is released, including the PCE deflator, a major inflation indicator for the Fed. There are also a few Fed speakers, including Powell who speaks at the Council on Foreign Relations Tuesday. “It’s probably going to be a big picture kind of talk about the broader challenges of the Fed,” said Ethan Harris, head of global economics at Bank of America Merrill Lynch. “They’re certainly going to ask questions about political influence at the Fed, and he’s going to dodge those. I think what I’m waiting for him to comment on is what it is they’re looking for to determine whether they’re going to cut in July or not.” Harris said Powell is not likely to say anything he did not reveal at his press briefing in the past week, and the big focus will be on the lead up to the weekend G-20. Falling interest rates and rising oil prices were two big factors in the market int he past week. The 10-year Treasury yield dipped briefly below 2%, a near 3-year low, as the Fed signaled its willingness to cut interest rates. “Should we get some sort of trade agreement that would be a nice pop to the [stock] market, but that could take the rate cut off the table,” said Sam Stovall, chief investment strategist at CFRA. Stovall said the stock market will also be watching oil after its rapid run higher, and the events in the Middle East surrounding Iran. West Texas Intermediate futures were up more than 9% in the past week, to $57.43. “The old adage is every $10 increase in the price of oil takes off 20 to 25 basis points off of real GDP growth,” he said. Stovall said stocks have had a solid run so far this year, but they may face some rocky times between now and the end of the summer. “For the rest of this ‘sell in May’ period we could be facing some challenges, headwinds. I think we’ will still end higher on the year. I think the seasonally optimistic September to November period will kick in but there will be a lot of challenges...will the Fed be cutting rates? what are the growth prospects?” he said.
This past week saw the following moves in the S&P:
S&P 500 is off to it best June performance since 1955, up 7.34% as of yesterday’s close. If yesterday was the last trading day of June, this performance would have been strong enough to push the month to 6th best going back to 1930. Looking back to late May, this performance is still impressive even though it was anticipated following May’s abysmal showing. However, such strong performance in June may not carry over into July. Below S&P 500 performance in June has been split into positive and negative tables. Each table contains July’s historical performance as well as full-year performance. Historically July has been weaker after a positive June. July averages just 0.48% after an up June compared to a gain of 2.84% after a down June. Examining the Top 20 Junes and subsequent Julys showed only a modest improvement in performance with average July gain climbing to 1.11%. However, even if July does disappoint this year, the full year is likely to still be quite fair as past positive Junes where followed by full-year gains 80% of the time with an average gain of 13.44%.
U.S. stocks could have a big year if LPL Research’s forecasts prove correct. All year, we’ve maintained our fair value target on the S&P 500 Index of 3,000, implying that we expect this bull market and economic expansion to continue. If the S&P 500 closes the year at 3,000, the index will have gained 19.7% in 2019. On the surface, that seems like a high hurdle for U.S. stocks. However, the S&P 500 has already gained about 16% this year, so a rally to 3,000 isn’t far out of reach. The S&P 500 also hasn’t posted a 20% gain for the year since 2013, an unusually long stretch compared to history. “It is interesting that the S&P 500 hasn’t gained more than 20% in any one year for five consecutive years,” noted LPL Senior Market Strategist Ryan Detrick. “Only once since 1950 did it go more than five years in a row without gaining 20%, thus if this pattern continues we very well might get to 20% in 2019.” As our LPL Chart of the Day “Can The S&P 500 Index Really Gain 20% This Year?” shows, it is quite rare for the S&P 500 to go this long without a 20% annual gain. Could the streak end in 2019? Be sure to read our Midyear Outlook 2019, which is set for release next week, for more on why this could be the case.
As widely anticipated, the Fed did not change its target rate today. Instead, the Fed set the stage for cuts possibly later this year. Overall, the market’s response was a choppy climb to a modestly higher close. A more enthusiastic move by the market may have occurred if the Fed cut rates. Gold’s reaction was more favorable, finishing the day higher by over 1%. Generally, the lower interest rates go, the more desirable gold can become as lower rates typically result in a weaker dollar.
In the above chart, gold’s monthly performance from 1975 to 2018 is displayed. Historically, October has been gold’s worst month and June is a close second. Historically, after weakness in June, gold has, on average, enjoyed solid gains in July, August and September. Some of this strength in gold is likely due to safe-haven demand during the stock market’s worst two months, August and September. Gold’s best three months, July to September, could easily be above average this year, especially if the Fed decides to cut sooner rather than later.
Are Bulls An Endangered Species?
The S&P 500 Index closed at a new all-time high yesterday, the 5th new high so far in 2019. After May, the worst month for the S&P 500 since 2010, June is up 7.3% as of 06.20.19, which would be the best June since 1955. Much of the rally this month has been sparked by a more dovish Federal Reserve (Fed), combined with U.S.-China trade discussions potentially back on track. What’s quite interesting about things now though, is many signs of investor sentiment are a long way from bullish. Remember, from a contrarian (or opposing) point of view, this can suggest there is still money on the sidelines. “The S&P 500 might be at new highs, but global fund managers and individual investors are quite underweight equities right now,” explained LPL Senior Market Strategist Ryan Detrick. “If you are looking for a reason this rally can continue, that could be it.” For example, the recent Bank of America Merrill Lynch June Global Fund Manager Survey (a survey of managers who oversee more than $600 billion in assets) showed the largest jump in cash since August 2011. Additionally, equity allocation was the lowest it had been since March 2009, and the equity-to-bond allocation was the lowest since May 2009. Not to mention the allocation to bonds was the highest it had been in eight years. “Money on the sidelines might sound cliché, but it really seems to be the case this time,” said Detrick. With the S&P 500 hitting more all-time highs, having money in the market may make more sense (or cents!). Individual investors are skeptical as well, as the recent American Association of Individual Investors (AAII) Sentiment Survey showed more bears than bulls for six straight weeks, the longest stretch since November 2016. Finally, as our LPL Chart of the Day shows, AAII bulls have been under 30% for six consecutive weeks for the first time since January 2016.
Broad Strength in Health Care Sector
In an earlier post, we highlighted the fact that some of the ten best performing S&P 500 Industries between the S&P 500's highs on 4/30 and 6/20 were from the Health Care sector. It hasn't just been these four industries that have been strong in the Health Care sector either. The performance snapshot of the sector below shows just how strong the sector has been lately. While all six of the industries within the sector aren't up YTD or so far in Q2, between the S&P 500's highs on 4/30 and 6/20, Health Care is the only sector where every industry within the sector has posted positive returns. Not even the industries within the Utilities sector have been this uniformly positive. The best performer of the bunch has been Health Care Technology, which is up 8% since the end of April and has extended its YTD gain to 36.8%. The worst performing industry in the sector has been Biotech which is up 2.1% since 4/30, and while that may not sound like much, it's still better than more than half of the other industries in the index.
While the S&P 500 made a new high for the first time in 35 trading days yesterday, many of the characteristics of the groups driving the rally have shifted. To highlight this, in the table below we summarize the ten best and worst performing S&P 500 Industries from the close on 4/30 through yesterday. During that 35 trading day stretch, 34 Industries saw positive returns while another 27 declined. Industries that have seen the biggest gains between the two new highs are primarily defensive in nature as all but three come from sectors that are typically considered defensive (Consumer Staples, Health Care, and Real Estate). Health Care has been the real star of the show, though. Of the sector's six different industries, four of them made the top ten! On the downside, cyclical industries have dominated the weak side. When industries like Semis, Autos, Construction & Engineering, and Air Freight are lagging the market, it really illustrates the presence of economic concerns. Leading the way lower, Energy Equipment and Services declined over 10%, followed by Semiconductors which were down just under 10% after failing at resistance on Thursday for the third time in a month. These two industries are followed by two industries (Tobacco and Power and Renewable Energy) that come from sectors that are traditionally considered defensive, but they have their own specific issues to deal with.
([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
Micron Technology, Inc. $33.25
Micron Technology, Inc. (MU) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, June 25, 2019. The consensus earnings estimate is $0.75 per share on revenue of $4.72 billion and the Earnings Whisper ® number is $0.75 per share. Investor sentiment going into the company's earnings release has 40% expecting an earnings beat The company's guidance was for earnings of $0.75 to $0.95 per share. Consensus estimates are for earnings to decline year-over-year by 75.96% with revenue decreasing by 39.46%. Short interest has decreased by 16.6% since the company's last earnings release while the stock has drifted lower by 20.3% from its open following the earnings release to be 14.5% below its 200 day moving average of $38.89. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, June 20, 2019 there was some notable buying of 12,540 contracts of the $25.00 put expiring on Friday, July 19, 2019. Option traders are pricing in a 4.5% move on earnings and the stock has averaged a 5.5% move in recent quarters.
BlackBerry Limited (BB) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, June 26, 2019. The consenus estimate is for breakeven results on revenue of $249.12 million and the Earnings Whisper ® number is $0.02 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 100.00% with revenue increasing by 16.96%. The stock has drifted lower by 14.1% from its open following the earnings release to be 4.2% below its 200 day moving average of $8.85. On Wednesday, June 12, 2019 there was some notable buying of 3,499 contracts of the $9.00 call expiring on Friday, June 28, 2019. Option traders are pricing in a 10.2% move on earnings and the stock has averaged a 8.4% move in recent quarters.
FedEx Corp. (FDX) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, June 25, 2019. The consensus earnings estimate is $4.81 per share on revenue of $17.96 billion and the Earnings Whisper ® number is $4.95 per share. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 18.61% with revenue increasing by 3.73%. Short interest has increased by 60.1% since the company's last earnings release while the stock has drifted lower by 4.3% from its open following the earnings release to be 14.3% below its 200 day moving average of $192.96. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, June 19, 2019 there was some notable buying of 3,273 contracts of the $175.00 call expiring on Friday, July 19, 2019. Option traders are pricing in a 2.7% move on earnings and the stock has averaged a 4.8% move in recent quarters.
Nike Inc (NKE) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, June 27, 2019. The consensus earnings estimate is $0.66 per share on revenue of $10.16 billion and the Earnings Whisper ® number is $0.71 per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 4.35% with revenue increasing by 3.79%. Short interest has increased by 0.6% since the company's last earnings release while the stock has drifted higher by 0.6% from its open following the earnings release to be 6.8% above its 200 day moving average of $80.27. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 20, 2019 there was some notable buying of 3,156 contracts of the $92.50 call expiring on Friday, July 19, 2019. Option traders are pricing in a 2.6% move on earnings and the stock has averaged a 4.8% move in recent quarters.
General Mills, Inc. (GIS) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, June 26, 2019. The consensus earnings estimate is $0.76 per share on revenue of $4.23 billion and the Earnings Whisper ® number is $0.79 per share. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 3.80% with revenue increasing by 8.73%. Short interest has increased by 1.3% since the company's last earnings release while the stock has drifted higher by 11.2% from its open following the earnings release to be 16.9% above its 200 day moving average of $45.98. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 5.3% move on earnings and the stock has averaged a 4.4% move in recent quarters.
Walgreens Boots Alliance Inc (WBA) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, June 27, 2019. The consensus earnings estimate is $1.43 per share on revenue of $34.53 billion and the Earnings Whisper ® number is $1.45 per share. Investor sentiment going into the company's earnings release has 38% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 6.54% with revenue increasing by 0.57%. Short interest has decreased by 8.1% since the company's last earnings release while the stock has drifted lower by 6.1% from its open following the earnings release to be 21.7% below its 200 day moving average of $67.02. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 4, 2019 there was some notable buying of 1,012 contracts of the $50.00 put expiring on Friday, June 28, 2019. Option traders are pricing in a 3.0% move on earnings and the stock has averaged a 6.2% move in recent quarters.
Constellation Brands, Inc. (STZ) is confirmed to report earnings at approximately 7:30 AM ET on Friday, June 28, 2019. The consensus earnings estimate is $2.09 per share on revenue of $2.06 billion and the Earnings Whisper ® number is $2.16 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 5.00% with revenue decreasing by 7.62%. Short interest has increased by 66.1% since the company's last earnings release while the stock has drifted higher by 2.9% from its open following the earnings release to be 3.0% below its 200 day moving average of $189.32. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, June 12, 2019 there was some notable buying of 1,200 contracts of the $110.00 put expiring on Friday, January 17, 2020. Option traders are pricing in a 3.2% move on earnings and the stock has averaged a 6.0% move in recent quarters.
Lennar Corp. (LEN) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, June 25, 2019. The consensus earnings estimate is $1.13 per share on revenue of $5.11 billion and the Earnings Whisper ® number is $1.16 per share. Investor sentiment going into the company's earnings release has 54% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 28.48% with revenue decreasing by 6.39%. Short interest has decreased by 3.6% since the company's last earnings release while the stock has drifted higher by 0.7% from its open following the earnings release to be 9.6% above its 200 day moving average of $46.84. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, June 19, 2019 there was some notable buying of 7,349 contracts of the $52.50 call expiring on Friday, July 19, 2019. Option traders are pricing in a 6.4% move on earnings and the stock has averaged a 5.1% move in recent quarters.
FactSet Research Systems, Inc. (FDS) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, June 25, 2019. The consensus earnings estimate is $2.37 per share on revenue of $358.95 million and the Earnings Whisper ® number is $2.39 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 8.72% with revenue increasing by 5.60%. Short interest has increased by 37.7% since the company's last earnings release while the stock has drifted higher by 26.3% from its open following the earnings release to be 25.6% above its 200 day moving average of $237.31. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, June 18, 2019 there was some notable buying of 2,350 contracts of the $280.00 put expiring on Friday, July 19, 2019. Option traders are pricing in a 5.7% move on earnings and the stock has averaged a 4.9% move in recent quarters.
Paychex, Inc. (PAYX) is confirmed to report earnings at approximately 8:30 AM ET on Wednesday, June 26, 2019. The consensus earnings estimate is $0.65 per share on revenue of $979.93 million and the Earnings Whisper ® number is $0.66 per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 6.56% with revenue increasing by 12.49%. Short interest has decreased by 0.8% since the company's last earnings release while the stock has drifted higher by 9.1% from its open following the earnings release to be 16.0% above its 200 day moving average of $74.61. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, June 13, 2019 there was some notable buying of 2,024 contracts of the $90.00 call expiring on Friday, September 20, 2019. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 1.3% move in recent quarters.
I was going through old emails today and came across this one I sent out to family on January 4, 2018. It was a reflection on the 2017 crypto bull market and where I saw it heading, as well as some general advice on crypto, investment, and being safe about how you handle yourself in cryptoland. I feel that we are on the cusp of a new bull market right now, so I thought that I would put this out for at least a few people to see *before* the next bull run, not after. While the details have changed, I don't see a thing in this email that I fundamentally wouldn't say again, although I'd also probably insist that people get a Yubikey and use that for all 2FA where it is supported. Happy reading, and sorry for some of the formatting weirdness -- I cleaned it up pretty well from the original email formatting, but I love lists and indents and Reddit has limitations... :-/ Also, don't laught at my token picks from January 2018! It was a long time ago and (luckliy) I took my own advice about moving a bunch into USD shortly after I sent this. I didn't hit the top, and I came back in too early in the summer of 2018, but I got lucky in many respects. ----------------------------------------------------------------------- Jan-4, 2018 Hey all! I woke up this morning to ETH at a solid $1000 and decided to put some thoughts together on what I think crypto has done and what I think it will do. *******, if you could share this to your kids I’d appreciate it -- I don’t have e-mail addresses, and it’s a bit unwieldy for FB Messenger… Hopefully they’ll at least find it thought-provoking. If not, they can use it as further evidence that I’m a nutjob. 😉 Some history before I head into the future. I first mined some BTC in 2011 or 2012 (Can’t remember exactly, but it was around the Christmas holidays when I started because I had time off from work to get it set up and running.) I kept it up through the start of summer in 2012, but stopped because it made my PC run hot and as it was no longer winter, ********** didn’t appreciate the sound of the fans blowing that hot air into the room any more. I’ve always said that the first BTC I mined was at $1, but looking back at it now, that’s not true – It was around $2. Here’s a link to BTC price history. In the summer of 2013 I got a new PC and moved my programs and files over before scrapping the old one. I hadn’t touched my BTC mining folder for a year then, and I didn’t even think about salvaging those wallet files. They are now gone forever, including the 9-10BTC that were in them. While I can intellectually justify the loss, it was sloppy and underlines a key thing about cryptocurrency that I believe will limit its widespread adoption by the general public until it is addressed and solved: In cryptoland, you are your own bank, and if you lose your password or account number, there is no person or organization that can help you reset it so that you can get access back. Your money is gone forever. On April 12, 2014 I bought my first BTC through Coinbase. BTC had spiked to $1000 and been in the news, at least in Japan. This made me remember my old wallet and freak out for a couple of months trying to find it and reclaim the coins. I then FOMO’d (Fear Of Missing Out”) and bought $100 worth of BTC. I was actually very lucky in my timing and bought at around $430. Even so, except for a brief 50% swing up almost immediately afterwards that made me check prices 5 times a day, BTC fell below my purchase price by the end of September and I didn’t get back to even until the end of 2015. In May 2015 I bought my first ETH at around $1. I sent some guy on bitcointalk ~$100 worth of BTC and he sent me 100 ETH – all on trust because the amounts were small and this was a small group of people. BTC was down in the $250 range at that point, so I had lost 30-40% of my initial investment. This was of the $100 invested, so not that much in real terms, but huge in percentages. It also meant that I had to buy another $100 of BTC on Coinbase to send to this guy. A few months after I purchased my ETH, BTC had doubled and ETH had gone down to $0.50, halving the value of my ETH holdings. I was even on the first BTC purchase finally, but was now down 50% on the ETH I had bought. The good news was that this made me start to look at things more seriously. Where I had skimmed white papers and gotten a superficial understanding of the technology before FOMO’ing, I started to act as an investor, not a speculator. Let me define how I see those two different types of activity:
Investors buy because the price is less than the value they see in the investment. Speculators buy because they think that someone will pay more in the future than they are paying now.
Investors trade on information (The white paper was really well-written, had a clear technical advantage over other alternatives, and addresses a need that I can understand and value.) Speculators trade on sentiment. (Buy the rumor! Sell the news!)
Investors usually look at the investment and themselves and can describe why they purchase in those terms (ABC-Coin provides (service) that isn’t addressed yet and matches (requirements) for an investment.) Speculators usually describe why they bought something in terms of how other people think (I think that other people think that the price will rise, so I want to get ahead of that.)
Investors don’t necessarily check the price every day. The can, and very often I do, but it isn’t required because fundamentals don’t often change on a dime. Speculators need to be glued to a price feed, because sentiment very often changes on a dime.
Investors like ideas, people, business plans, and market opportunities. Good ones are like Spock. Speculators like trends. They are tribal.
Investors have a longer time horizon than speculators. In cryptoland, the notion of a “longer” time horizon is still laughably small (months) compared to traditional markets, but it certainly isn’t weeks or days or hours, which is whre speculators often live.
So what has been my experience as an investor? After sitting out the rest of 2015 because I needed to understand the market better, I bought into ETH quite heavily, with my initial big purchases being in March-April of 2016. Those purchases were in the $11-$14 range. ETH, of course, dropped immediately to under $10, then came back and bounced around my purchase range for a while until December of 2016, when I purchased a lot more at around $8. I also purchased my first ICO in August of 2016, HEAT. I bought 25ETH worth. Those tokens are now worth about half of their ICO price, so about 12.5ETH or $12500 instead of the $25000 they would be worth if I had just kept ETH. There are some other things with HEAT that mean I’ve done quite a bit better than those numbers would suggest, but the fact is that the single best thing I could have done is to hold ETH and not spend the effort/time/cost of working with HEAT. That holds true for about every top-25 token on the market when compared to ETH. It certainly holds true for the many, many tokens I tried to trade in Q1-Q2 of 2017. In almost every single case I would have done better and slept better had I just held ETH instead of trying to be smarter than Mr. Market. But, I made money on all of them except one because the crypto market went up more in USD terms than any individual coin went down in ETH or BTC terms. This underlines something that I read somewhere and that I take to heart: A rising market makes everyone seem like a genius. A monkey throwing darts at a list of the top 100 cryptocurrencies last year would have doubled his money. Here’s a chart from September that shows 2017 year-to-date returns for the top 10 cryptocurrencies, and all of them went up a *lot* more between then and December. A monkey throwing darts at this list there would have quintupled his money. When evaluating performance, then, you have to beat the monkey, and preferably you should try to beat a Wall Street monkey. I couldn’t, so I stopped trying around July 2017. My benchmark was the BLX, a DAA (Digital Asset Array – think fund like a Fidelity fund) created by ICONOMI. I wasn’t even close to beating the BLX returns, so I did several things.
I went from holding about 25 different tokens to holding 10 now. More on that in a bit.
I used those funds to buy ETH and BLX. ETH has done crazy-good since then and BLX has beaten BTC handily, although it hasn’t done as well as ETH.
I used some of those funds to set up an arbitrage operation.
The arbitrage operation is why I kept the 11 tokens that I have now. All but a couple are used in an ETH/token pair for arbitrage, and each one of them except for one special case is part of BLX. Why did I do that? I did that because ICONOMI did a better job of picking long-term holds than I did, and in arbitrage the only speculative thing you must do is pick the pairs to trade. My pairs are (No particular order):
I also hold PLU, PLBT, and ART. These two are multi-year holds for me. I have not purchased BTC once since my initial $200, except for a few cases where BTC was the only way to go to/from an altcoin that didn’t trade against ETH yet. Right now I hold about the same 0.3BTC that I held after my first $100 purchase, so I don’t really count it. Looking forward to this year, I am positioning myself as follows:
ETH will still be my core holding. It is the “deepest in the stack” crypto investment that I have. “Deep in the stack” is a programming term that gets at the idea that most software is built on other software. If you just think about your notebook, you have your OS, and programs run on that. But even inside the OS there is a stack. The bottom of your stack is the kernel, and on top of that are the drivers, protocols, and other layers that allow the programs to talk to the OS, the hard drive, the screen, the mouse, your printer, etc. You can change your mouse or printer easily. Changing things deeper in the stack becomes harder and harder. ETH is deep in the crypto stack, so is very hard to dislodge – Around 60 of the top 100 cryptocurrencies by market cap run on top of Ethereum, so getting rid of Ethereum is something that would take a long time to do.
DNT, QTUM, ZRX, and OMG are all, to varying degrees, “deep in the stack” tokens that, once established, will be very hard to dislodge.
That said, I am peeling away some of my holdings into USD right now, because big changes are afoot and they are going to cause market disruptions. I’m going to come right out and admit that this is speculative, but I’m also going to back it up with some non-speculative facts.
The SEC has been sending out hundreds of subpoenas to cryptocurrency organizations over the past 3-4 months. These subpoenas are simply asking for information and nobody has been charged with any crimes or misdoings, but it is clear that the SEC is getting together information so that they can begin to regulate cryptoland. When that happens, other countries will follow, and that means:
Some tokens will be deemed outright scams and people will be prosecuted.
Some tokens will be deemed securities and will be regulated.
Some tokens will not be deemed scams or securities and will continue as they have.
Looking at this, it is clear to me that the tokens that escape prosecution and regulation should do better, but the short-term impact will be brutal and ugly. It would not surprise me at all to see a 50% drop in overall market cap within Q1-Q2, with Q1 being more likely.
Cryptoland has always been a bit nuts, but it is more nuts now than I have ever seen it. Back in 2011-2014 it was a freaks-n-geeks show where people were all about the technology and I would sit around for a 3-day weekend installing a *nix VM on my Windows machine so that I could compile the most recent source and run a CUDA SHA-256 routine rather than thrash my CPU. If that doesn’t make sense to you, you wouldn’t have even thought about being involved.
Now, people see Bitcoin advertisements in their Facebook feed and think “I gotta get on the BTC train!” before going to Coinbase and buying some with a credit card. They don’t know anything about crypto, and they are getting eaten alive – It is no coincidence that BTC peaked after the Thanksgiving holidays when people sat around the table and Janice got Uncle Mike and Cousin Bob all excited as she talked about going to Cancun for Christmas because of her crypto winnings. Huge amounts of fiat got transferred from newbies to BTC whales during this period, and once the whales were done, BTC had dropped from $20,000 to $12,000. It’s now back at $15,000, but for people who bought at a higher level, this sucks. As a result many have moved from BTC to ETH, with the single biggest money flow in crypto in December being the BTC à ETH flow. As a result, it’s no coincidence that ETH is at all-time highs now. The thing is, though, that even most people that moved from BTC to ETH really have no idea what they are doing. They are acting on buzzwords and emotion. They are speculators and are going to get crushed.
The stock market is quite high right now, but people are starting to worry that it is too high and that we are going to enter into a period of inflation again. This has caused gold to go up a lot the last quarter and is likely also responsible a bit for the rise in cryptos. If this view is correct, then cryptos stay stronger than if that pressure wasn’t there. If wrong, then cryptos will swing down as money exits cryptoland for more traditional markets.
I am spending most of my time and money on the arbitrage effort. The nice thing about arbitrage is that it works as the markets go up, and it works as the markets go down. When markets are too volatile, however, arbitrage can get very messy and dangerous, with each trade generating a loss instead of a profit, so I am working right now to tune the algorithms to take into account rate-of-change and add in some circuit breaker triggers. Once this is done I will expand those operations.
I am getting much more serious about systems security.
I have a Nano Ledger and recommend that anyone with >$1000 of crypto have one. The Trezor is also supposed to be good, but I haven’t used it.
I will set up a dedicated *nix notebook that is used for nothing except my crypto work. All it takes is one keylogger to get on your PC/Mac and your crypto is gone. What is on your Nano Ledger will be OK, but they will sweep out your exchange account or Coinbase account faster than you can type. A standard Linux installation with Chrome and nothing else is as about as secure as you can get in the civilian world.
If you don’t use LastPass or a similar password manager yet, you need to do that. Your password to LastPass should be at least 16 characters long and should not have a recognizable English word in it. If you think that “Iluvu4evah” is a secure password, you’re wrong.
Hackers know that “4”=”for” and “u”=”you”. Writing a script to substitute those in is trivial if they want to write the script, but it’s much easier for them to download one of the many, many programs out there that already do this.
If your password contains any string of numbers from anything that can be associated with you at any time in your life, it is insecure. Take those numbers out of the character count because they are an insignificant barrier to cracking your account.
The good news is that you probably won’t be targeted, but if you ever mention online that you are doing anything significant in crypto, that chance increased enormously.
*Never* talk with *anyone* about how much you have in crypto. You’ll notice that I haven’t here. There is no reason to tell even a family member how much you have unless you are sharing a tax form. Sure, you may trust them, but all it takes if for someone to overhead someone else mention at a party that a relative got into crypto a long time ago and made a bunch of money. That person can also then be subjected to the $10 hack and force you to send all your crypto to them.
Your password to LastPass (Or equivalent.) should look something like this -> 6k0jQMoziX&D#4W8
Yes, it’s a headache. Imagine your headache, though, were you to open your account one day and find all of your money gone.
Looking at my notes, I have two other things that I wanted to work into this email that I didn’t get to, so here they are:
Just like with free apps and other software, if you are getting something of value and you didn’t pay anything for it, you need to ask why this is. With apps, the phrase is “If you didn’t pay for the product, you are the product”, and this works for things such as pump groups, tips, and even technical analysis. Here’s how I see it.
Technical analysis (TA) is something that has been argued about for longer than I’ve been alive, but I think that it falls into the same boat. In short, TA argues that there are patterns in trading that can be read and acted upon to signal when one must buy or sell. It has been used forever in the stock and foreign exchange markets, and people use it in crypto as well. Let’s break down these assumptions a bit.
i. First, if crypto were like the stock or forex markets we’d all be happy with 5-7% gains per year rather than easily seeing that in a day. For TA to work the same way in crypto as it does in stocks and foreign exchange, the signals would have to be *much* stronger and faster-reacting than they work in the traditional market, but people use them in exactly the same way. ii. Another area where crypto is very different than the stock and forex markets centers around market efficiency theory. This theory says that markets are efficient and that the price reflects all the available information at any given time. This is why gold in New York is similar in price to gold in London or Shanghai, and why arbitrage margins are easily <0.1% in those markets compared to cryptoland where I can easily get 10x that. Crypto simply has too much speculation and not enough professional traders in it yet to operate as an efficient market. That fundamentally changes the way that the market behaves and should make any TA patterns from traditional markets irrelevant in crypto. iii. There are services, both free and paid that claim to put out signals based on TA for when one should buy and sell. If you think for even a second that they are not front-running (Placing orders ahead of yours to profit.) you and the other people using the service, you’re naïve. iv. Likewise, if you don’t think that there are people that have but together computerized systems to get ahead of people doing manual TA, you’re naïve. The guys that I have programming my arbitrage bots have offered to build me a TA bot and set up a service to sell signals once our position is taken. I said no, but I am sure that they will do it themselves or sell that to someone else. Basically they look at TA as a tip machine where when a certain pattern is seen, people act on that “tip”. They use software to see that “tip” faster and take a position on it so that when slower participants come in they either have to sell lower or buy higher than the TA bot did. Remember, if you are getting a tip for free, you’re the product. In TA I see a system when people are all acting on free preset “tips” and getting played by the more sophisticated market participants. Again, you have to beat that Wall Street monkey.
If you still don’t agree that TA is bogus, think about it this way: If TA was real, Wall Street would have figured it out decades ago and we would have TA funds that would be beating the market. We don’t.
If you still don’t agree that TA is bogus and that its real and well, proven, then you must think that all smart traders use them. Now follow that logic forward and think about what would happen if every smart trader pushing big money followed TA. The signals would only last for a split second and would then be overwhelmed by people acting on them, making them impossible to leverage. This is essentially what the efficient market theory postulates for all information, including TA.
OK, the one last item. Read this weekly newsletter – You can sign up at the bottom. It is free, so they’re selling something, right? 😉 From what I can tell, though, Evan is a straight-up guy who posts links and almost zero editorial comments. Happy 2018.
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Some more info on revenue: Firstly, I am not part of the team, so any replies are just from research I have done into the project and available information: 1.)The team confirmed that there are 40 people working for Genesis Vision 25 are working in the office and 15 remotely. Jump in the TG if you would like to know more info or even talk to some of the other team members direct. Dmitry Nazarov = CEO, Ruslan Kamensky = Head of Development. (You can do your background research on these guys, they've got skills). 2.)Can't comment accurately on funds, because well, that's the teams business. Ofc a responsible investor should try and find out as much info as they can however.
The ICO raised -> $2,836,724 when ETH was around $250-$300 pre-bull run (you do the math).
The team/development tokens also amounted to 709,862 GVT/16% of the supply, these funds would/will have been used for development, these were locked for 1 year and released approx October 2018
The project will receive profit from commissions on investment operations. Each investment will be charged 0.5%³ of the operation amount.
The project will also generate profit from managing its own fund and by investing it in successful managers of our platform.
Genesis Markets will create revenue from trading fees
Another thing to think about - The team have been extremely responsible with their funds. Zero funds have gone to waste and have been used in the most efficient way possible. One example (although a touchy subject) is marketing. The bottom line is marketing will ramp up when the project/platform has had more development (finishing integrating the brokers + additional features). The team have known that the correct time to market the platform is coming, just not yet... Obviously if they had 100's of millions from the ICO marketing would have been ongoing from Day 1. This is one example of being responsible with your investors/ICO funds. If you would like some more information about the funds, the ICO etc. See these two links:
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