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Showing posts from February, 2020

In and Outs of Becoming a Successful Forex Trader

Forex trading has numerous benefits attached to it that can be exploited by anyone looking to create substantial wealth by working online. There is both flexibility and convenience associated with Forex trading. To become a successful Forex trader it is important to understand your goals and objectives related to working in the Forex market. Forex trading is not meant only for big organizations or a group of traders. Anyone with basic skills related to trading in the Forex market can create wealth for themselves irrespective of their location. Nowadays all you need is a PC and internet connection to get started with Forex trading activities. It is possible to earn a full time income through Forex trading by acquiring the necessary skills related to trading. However, before you embark on the path to become a successful Forex trader make sure that you grasp the fundamentals of Forex trading in a proper manner. Success or failure in the Forex market depends on the kind of skil…

How Cryptocurrencies Are Adding Complexity to the Divorce Process

If you don't personally invest in cryptocurrency, then it's likely that at this point you have friends, family members, or colleagues who do. Cryptocurrencies have risen from a very niche market to becoming nearly fully mainstream, and they've done so in a very short amount of time. Now that they're so ubiquitous, there's a new question to wrangle with, and that's the matter of how cryptocurrencies are handled in the divorce process.Determining and distributing financial assets, as well as determining alimony payments, are central issues to be resolved during the majority of divorce proceedings. There are many tools at an attorney's disposal for the disclosure of financial assets, however when you combine Bitcoin and divorce, you're left with something entirely new.Handling Bitcoin and divorce is different from handling other financial assets for several huge reasons. One is the sheer volatility of their value. Bitcoin and other cryptocurrencies have be…

The Basics of Cryptocurrency and the Way It Works

In the times that we're living in, technology has made unbelievable advancement as compared to any time in the past. This evolution has redefined the life of man on almost every aspect. In fact, this evolution is an ongoing process and thus, human life on earth is improving constantly day in and day out. One of the latest inclusions in this aspect is cryptocurrencies.Cryptocurrency is nothing but digital currency, which has been designed to impose security and anonymity in online monetary transactions. It uses cryptographic encryption to both generate currency and verify transactions. The new coins are created by a process called mining, whereas the transactions are recorded in a public ledger, which is called the Transaction Block Chain.Little backtrackEvolution of cryptocurrency is mainly attributed to the virtual world of the web and involves the procedure of transforming legible information into a code, which is almost uncrackable. Thus, it becomes easier to track purchases an…

Could This Be a Great & Extreme Reversal?

The EURGBP has been on of the best currency pairs to trade since the referendum. And it looks ready to kick off again...False Break ReversalThe FBR is one of the great reversal patterns. They show up time and again but can catch us out because we've been conditioned to stay with the dominant trend.It started last Friday with the Harami, inside day. Monday broke lower following through, so it seemed, with the down trend running since July.By the end of the day, it had reversed, leaving behind a long wick that turned the day's trading into a Hammer, one of the best price action reversal candles.Tuesdays price action confirmed the FBR. The rule is that when price comes back above the high of the downside breakout candle, the FBR is set. Earlier sell trades closed and then reversed.That's exactly what we have done.HikkakeAn added technical reversal is the Hikkake. It's formed by at least three candles, starting with the Harami. Following the break lower, recovery on Monday…

8 Computing Solutions at the Forefront of the New Economy

In recent times, the traditional economy and the digital economy has been exposed to new and exciting technologies that promise a more decentralized, secure, and fast network for users. In this article, I have included some of the main players in this developing market.1. GolemGolem is an open-source, decentralized computer network.How Golem WorksThe Golem Network is a market for computing power, where users can earn from 'renting' their machines or by developing and selling software.Within the network, users renting computing power are called "providers" and users acquiring power are called "requestors." The requestors utilize Golem for various purposes, including graphics processing, data analysis, microservices, and machine learning.Benefits

The work division means that tasks can be completed simultaneously, thus enabling shorter timelines for projects.

The cost of doing business is less than cloud-based services.

Users can be instantly paid for their work …

How to Find the Best Fully Automated Software for Forex Trading

This automated software negates the need for human traders to be present, allowing trades all over the world to be executed by a computer system. Using the right program will also allow you to tweak the technical parameters and amend lot size, risk parameters, stop losses and take profits. First coined during the emergence of online retail exchange in the late 1990s, automated trading systems - sometimes known as 'machine' or 'black box' platforms- use algorithms to dictate the timing, pricing and quantity of the order so they can be automatically automatically . Fully-automated software will enable you to buy and sell across a myriad of markets and time frames. The benefit of automated trading is that it remains entirely unaffected by psychological elements, unlike human traders. Besides, computers generate more trades per market than you yourself would be capable of. But if you're new to Forex trading, how do you know which one to invest in?
Many lea…

The Most Hated Asset Class

I've spent a lifetime pointing out potential risks - in our economy, in our real estate market and in our stock market. All too often, we pay only lip service to the safety of our assets while taking unnecessary chances.But sometimes you have to consider the other side of the risk/reward coin, too. Every asset has a buyer - if the price is low enough.And I think that's where the market's at with a large swath of commodities these days.It's all about risk/reward.Real estate prices are sky-high. Even insiders at the Federal Reserve say there's a bubble in commercial property. And you've heard plenty from us and others about concerns in the stock market.When it comes to risk versus reward in those two sectors, well... the "reward" part, after more than six years' worth of gains, is about as used up as a champagne bottle on the morning after New Year's.The Case for CommoditiesCommodities are the other side of the asset coin. Sure, oil prices have …

Digital Currency

CryptocurrencyCryptocurrency is a digital currency. It is also called a virtual currency. It is a digital asset that handles its transactions using cryptography, cryptography is used impenetrably and confirms the transactions.In many countries, cryptocurrencies are used as alternative currencies. Bitcoin was added in 2009 as the first decentralized cryptocurrency. After that, many different cryptocurrencies came onto the market. These are usually known as Altcoins. These currencies use decentralized management as a counterweight to centralized digital money and central banking systems.Distributed management uses Bitcoin's blockchain transaction database like a paid ledger. An encryption device generates decentralized cryptocurrency at a predefined price, which is communicated to the public. In centralized banking and the Federal Reserve System, boards of directors or governments manage the granting of currency through printing units of cash, and the exchange is carried out with di…

Things That Look Positive for Cryptocurrencies

While there have been market corrections in cryptocurrency market in 2018, everyone agrees that the best is yet to come. There have been a lot of activities in the market that have changed the tide for the better. With proper analysis and the right dose of optimism, anyone who is invested in the crypto market can make millions out of it. Cryptocurrency market is here to stay for the long term. Here in this article, we give you five positive factors that can spur further innovation and market value in cryptocurrencies.1. Innovation in scalingBitcoin is the first cryptocurrency in the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. However, it is not without issues. Its major bottleneck is that it can handle only six to seven transactions per seconds. In comparison, credit card transactions average at few thousands per second. Apparently, there is scope for improvement in the scaling of transactions. Wit…

Distinguishing Traits Of Successful Traders That Can Help You Join The Winning Club

Even the most successful traders do not win on each of their trade entries. What it means is that you will also lose money, before maturing into a seasoned trader. By studying the distinguishing traits of those who are making money on trading literally everyday, you can learn a lot of things. It still does not mean that they do not lose money, but they have learnt to manage the wins and losses with different trade strategies. Studying them can possibly cut a year or 2 from your learning curve. Traits of Professional TradersPlanned approach - They have planned their trading strategy in advance. They know - The entry cues Their risk per trade in dollars Trade management techniques Money Management Their exit plan Stick to a premeditated approach - Each move you make should be according to your strategies. Without proper planning, you can easily stumble into pitfalls like overtrading, mismanaging trades, not taking in profits when you should, taking too much risks, etc. …

Crypto TREND - Fifth Edition

As we expected, since publishing Crypto TREND we have received many questions from readers. In this edition we will answer the most common one.What kind of changes are coming that could be game changers in the cryptocurrency sector?One of the biggest changes that will impact the cryptocurrency world is an alternative method of block validation called Proof of Stake (PoS). We will try to keep this explanation fairly high level, but it is important to have a conceptual understanding of what the difference is and why it is a significant factor.Remember that the underlying technology with digital currencies is called blockchain and most of the current digital currencies use a validation protocol called Proof of Work (PoW).With traditional methods of payment, you need to trust a third party, such as Visa, Interact, or a bank, or a cheque clearing house to settle your transaction. These trusted entities are "centralized", meaning they keep their own private ledger which stores t…

How Did ISL Uranium Mining Begin

It's time to rewrite the history books. In Situ Leach Mining (ISL), or Solution Mining, was not first commercially started in Bruni, Texas in 1973 by Westinghouse, a consortium of oil companies and others. The birthplace of ISL was never South Texas, as some have claimed. It was begun in Wyoming, about 16 years before an ISL operation was started in Texas. Why there has been a whitewash over the true history of ISL is not our concern. This series is an in-depth investigation into how and why ISL mining came about, how it has been tested over a period of nearly 50 years, and why this type of uranium mining will play an important role in providing U.S. utilities with the raw fuel to power nuclear reactors for the next few decades.In this modern era of uranium mining, extremely skilled engineers, hydrologists and geologists establish ISL mining operations. Most insiders compare an ISL operation to a water treatment plant. It's really that simple to understand. However, as with ev…

Forex MegaDroid - The Trading Robot That Applies Two Trading Strategies

It is important for novice traders to gain the basic knowledge of Forex trading at the very beginning of their attempts. After you get the rough ideas of what those charts, tables and axis mean, then you should study in details about which trading style suits you the most. Currency trading involves completely different styles. People should opt for their own strategies, but basically there are two primary types of analysis: the technical and the fundamental. A few traders would choose one of the two, some will combine them, others just follow what the robot tells them. Forex Megadroid belongs one of the few automated programs that applies both trading strategies. Forex traders who choose to use technical analysis always base their analyzes on the currency market trend. They read charts and recognize the common patterns for the price movement. Different traders may employ various reporting system to make the analysis easy to read or update. For the users of technical analys…

Commoditizing the world

Let's discuss commodities; With the latest Enron situation, it is important to understand the way things work. A commodity is anything useful, especially a transportable agricultural product or mining product. This comes from the Latin word "commoditas" meaning roughly advantage, convenience. So then what is a commodity? Well we consider Gold, Silver, wheat, corn, pork bellies, coffee, etc all commodities. If you look in the back of the WSJ or Investors Business Daily you will see a listing of all the commodities traded on the commodities exchange. Enron made some errors no doubt, but let's not judge all commodity markets in haste. Commodity trading works best when there is a stable instrument of trade. Sometimes the instrument of trade is actually the commodity. If you looked most countries of the world today you would find that there are three basic instruments of trade; money, as in currency, precious metals and gems, drugs; like cocaine, opium, and…

The Best FOREX Price Action Trading Indicator - Shift Theory Ratio Price Action Analysis

There is a new category of technical analysis available for trading the FOREX markets. It is called Shift Theory and this new technique is based on Shift Ratios that break down the three main types of chart conditions:Choppy Markets
Up Trending Markets
Down Trending MarketsWhat Shift Theory Ratios do is focus on the important data and ignores the data that is responsible for false signals and noise. The Shift Theory trading approach works better than any other form of technical analysis because it focuses on the science of price analysis. Most technical analysis today focuses on the closing price as the main piece of data that is analyzed. The main issue with that is the closing price is a moving target. A lot traders don't realize that indicators are nothing more than measuring tools and they need to be treated that way. When it comes to measuring price you need stable data to get an accurate reading. I like to use an example of trying the weigh yourself on a scale. If you keep jum…

Virtual Currency Games

Every little boy's (and many grown men's) dream of making a living by playing video games is edging closer to reality. The recent release of HunterCoin and the in-development VoidSpace, games which reward players in digital currency rather than virtual princesses or gold stars point towards a future where one's ranking on a scoreboard could be rewarded in dollars, and sterling, euros and yen.The story of the millionaire (virtual) real estate agent... Digital currencies have been slowly gaining in maturity both in terms of their functionality and the financial infrastructure that enables them to be used as a credible alternative to non-virtual fiat currency. Though Bitcoin, the 1st and most well known of the crypto-currencies was created in 2009 there have been forms of virtual currencies used in video games for more than 15 years. 1997's Ultima Online was the first notable attempt to incorporate a large scale virtual economy in a game. Players could collect gold coins …

I know, it's rough

I know, it's rough



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The Rise of Foreign Exchange: Why Landing the Best Forex Broker Now Is More Important Than Ever

Trading currencies for a living is becoming more more popular in the world now that many investors are abandoning traditional financial trading instruments and concentrating solely on Forex. Just as accordingly, new brokers spring up almost daily, luring ill-prepared traders with massive, shining banners to join their trading platforms. However, before entrusting one red cent with any online broker you happen to stumble upon, it's best to handle your due diligence with some thorough research first. The internet is loaded with grifters, and online Forex trading is no exception. However, if you do find a great broker, you can be sure your money is safe. Therefore, landing yourself a top-rated Forex firm will help protect your trades. In addition, a highly ranked brokerage will often give you all the necessary tools and information on how to best engage the foreign exchange. Since Forex trading is considered to be a risky business, this information will help prevent bad tra…

Foreign Currency - Understanding the Economics Behind Currencies

A currency in the most specific use of the term refers to money in any form when in real use or flow as a medium of exchange, circulating banknotes and cash especially. Examples of currency include the U.S. dollar, the British pound and the Australian dollar.How Was Currency Invented?Two different innovations were combined to create currency and many foreign currency that we know. Metals were first used as symbol to represent value. In the Fertile Crescent, they used this method for over 1500 years.Why Do We Have Paper Money?Paper money was invented in China when there was a need for a less cumbersome way to exchange goods and services. It started with Chinese citizens going to wholesalers' shops to receive a receipt of deposit in exchange for coinage. The receipts were valid for use in a small territory.Modern CurrenciesEach nation gets to decide which currency they would like to use. The International Organization for Standardization came up with a three-letter system of codes t…

Cryptocurrency: The Fintech Disruptor

Blockchains, sidechains, mining - terminologies in the clandestine world of cryptocurrency keep piling up by minutes. Although it sounds unreasonable to introduce new financial terms in an already intricate world of finance, cryptocurrencies offer a much-needed solution to one of the biggest annoyances in today's money market - security of transaction in a digital world. Cryptocurrency is a defining and disruptive innovation in the fast-moving world of fin-tech, a pertinent response to the need for a secure medium of exchange in the days of virtual transaction. In a time when deals are merely digits and numbers, cryptocurrency proposes to do exactly that!In the most rudimentary form of the term, cryptocurrency is a proof-of-concept for alternative virtual currency that promises secured, anonymous transactions through peer-to-peer online mesh networking. The misnomer is more of a property rather than actual currency. Unlike everyday money, cryptocurrency models operate without a ce…

How to find the Right Currency Trading Course

A currency trading course can be an excellent way to learn the fundamentals needed to become a successful trader. It can potentially provide you with a solid base on which to build your trading future. However, what you get out of it will depend on how much your really commit to the learning experience and how much you end up applying it to you future trading. A currency trading course can come in various formats including books (both electronic and hard-copy), video, webinars, and live trading rooms. They can also vary a lot in cost - some might be free but others could be several thousand dollars. The key is to find the right type of training for your personal circumstances and your level of trading experience. What To Avoid Not every currency trading course will be the same. You can check on the major forex forums or portals to get people's recommendations, although often someone's opinion of a particular course will be influenced by how profitable their tradin…

This Hated Commodity Could Make Huge Gains in 2018

The forecast showed an extra 20 million pounds of uranium production for 2018... with no buyers. As you can imagine, the uranium price plummeted.It hit its lowest price in October 2016 at $18.75 per pound. That touched a 13-year low price.The downtrend began back in 2011. The uranium price peaked at $72.50 per pound in January 2011. It fell steadily since then, down a total of 74%.This is a shocking result for an energy source that many embraced as a "green" rescue from hydrocarbons just a few years ago. Nuclear power creates safe, carbon-free energy.The problem is, it can cause huge disasters. That's what we discovered when the Fukushima disaster struck Japan.The Demise of Nuclear PowerAn earthquake and tsunami damaged the Fukushima Daiichi nuclear power plant in March 2011. The earthquake damaged a reactor. Then the tsunami inundated the area, destroying vital backup generators.Without the backup power, cooling water couldn't get into the plant. That caused a runaw…