The Basics: Get an Understanding of Trading Online Forex

Trading online forex does offer amazing new opportunities to profit. Things are never quite as expected and routine. And new markets trends appear every year.

Trading Online Forex Offers Great Range of Choice

Trading online forex offers a huge range of markets to trade. And this fits just about all possible trading and investing needs. Anything that is offered in commodities, stocks or bonds, can be traded by proxy through some currency pair. There are very few exceptions. But in reality the major underlying markets are known, and forex is the main part of these markets. Traders trade ERUUSD for example, for all kinds of reasons. EURUSD is perceived as a risk market, and it goes up when investors feel good. And it goes down when investors flee risk, and buy the US dollar. The very trend of EURUSD tells in one chart, how investors feel at any time. And the trend of this currency pair alone sets the tone for so many other risk markets. This is just one of forex market basics that all new traders learn. Assessing the risk appetite of investors. And also assessing various factors which impact markets, based on the absolute value of EURUSD, not just its latest trend. For example, when EURUSD is trading above 1.2 it shows that the global markets are doing good. Whereas when trading below 1.2 there is additional uncertainty, on a global scale. Traders trading online worldwide pay attention to these facts, and EURUSD is a simple way to assess investor appetite at a glance. In similar ways, other currency pairs indicate what other markets will do. USDCAD for example indicates what is happening in crude oil and the energy markets. And once again, certain absolute values matter, it’s not just about the daily trend.

Trading online forex
Classic trading rules are for conventional, naive thinkers, they might work marginally, or might not work at all, but who cares, you can’t make serious money by trading in the most obvious way. To make serious money in the forex market, at least few of these classic rules have to be broken. Seriously profitable forex traders use large stops, high risk-reward ratios (in violation of classic trading rules), and notional stops in the time domain.  So in the mind of the unconventional trader, an open, slightly profitable trade that is more than 3 days old, which is failing to impress, is actually considred a losing trade and is usually closed. In the mind of the naive trader the trade is seen as profitable since it has not triggered the stop, and so it is left open. And more often than not, guess what happens, the market does reverse against the trader, after about 3-5 days, and the miserable trade becomes a massive loser.

Trading Online Forex Can Be Hugely Profitable

Trading online forex can be as profitable as one is willing to commit. Profitable forex trading requires overcoming classic trading rules and taboos. It actually requires taking more risk, and trading in a kind of messy, unorderly way. Traders only need to assess portfolio risk, and monitor overall exposure. But winning traders don’t do anything else relating to discipline and precision. They actually use huge stops, and go through huge volatility swings. It has been proven that rigid trading systems fail to match the volatility of the markets, and fail to produce big profits. Wise traders know that the markets will do the impossible, and some trade will go totally wrong. But they have ways for assessing the real risk in that trade. Not the apparent risk as perceived by naive traders, based on the open profit-loss figure. Those who engage in day trading forex through this messy trading philosophy. End up making the most money. Because they do things that conventional thinkers will never do. If you are in any doubt that messy trading works, you can always try it out through practice currency trading. Give it your best short, through the use of large stops, hedging methods, and mental stops in the time domain. If your trading systems is messy and elastic enough to match the volatility of the markets. You will see it will offer you much more profits.

Major Cryptonews 20-23 January 2018

South Korea to ban cryptocurrency traders from using anonymous bank accounts

South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, the nation’s financial regulator said on Tuesday. Local cryptocurrency traders will not be allowed to make deposits into their virtual coin exchange wallets unless the name on their bank account matches the account name in cryptocurrency exchanges, Kim Yong-beom, vice chairman of the Financial Services Commission told a news conference in Seoul.

New Report: North Korean Hackers Stole Funds From South Korean Cryptocurrency Exchanges

US cybersecurity firm Recorded Future has released a new report linking Lazarus, a North Korean hacking group, to various South Korean cryptocurrency exchange hacking attacks and security breaches. “North Korean government actors, specifically Lazarus Group, continued to target South Korean cryptocurrency exchanges and users in late 2017, before Kim Jong Un’s New Year’s speech and subsequent North-South dialogue. The malware employed shared code with Destover malware, which was used against Sony Pictures Entertainment in 2014 and the first WannaCry victim in February 2017,” the report read. The report released by Recorded Future noted that the $7 mln Bithumb security breach has been linked to North Korean hackers

Japan became a global leader in cryptocurrency investment

Japan is the global leader in the market development of cryptocurrencies — a global buzzword recently — some of which have seen their values skyrocket over the past year. As of Jan. 20, yen accounts for 56.2 percent of bitcoin, or BTC, the most popular cryptocurrency, according to coinhills.com. Yen is followed by U.S. dollars at 28.4 percent, while all others account for 15.4 percent. Chinese yuan used to account for the largest until January 2017, but dropped after the state imposed strict restrictions on cryptocurrency trading. According to the Financial Services Agency, Japan had 16 companies operating cryptocurrency exchanges as of Dec. 26

Indian Banks Suspending Bitcoin Exchange Accounts

Bitcoin exchanges are under fire in India, as many of the nation’s top banks have suspended or greatly curtailed functionality on exchange accounts. State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have all taken strong action toward crypto exchanges, either closing accounts or severely limiting functionality. The banks cite the risk of dubious transactions, according to local reports.

Bitcoin Laundering Less Than One Percent of All Transactions

A recent report from the joint Bitcoin analysis team of FDD and Ellicit, a Bitcoin forensics company, indicates that less than one percent of all Bitcoin transactions involve money laundering. The report also indicates that the vast majority of illicit transactions using Bitcoin were processed in Europe, receiving more than five times as many illicit transactions as North America. The report, has indicated that money laundering isn’t nearly the problem some critics of cryptocurrency believe.

Alibaba Launches Cryptocurrency Mining Platform

Alibaba recently launched a cryptocurrency mining platform called “P2P Nodes,” according to a report by Coin Telegraph. The registration for P2P Nodes was reportedly completed in October 2017. So far, not much is known about the operation, although Finance Magnates suggests it might be based on third-party mining. This might mean Alibaba will loan out space in its cloud platform for clients to mine cryptocurrency. Alibaba leader Jack Ma previously expressed skepticism about digital currencies. At the same time, Ma – whose net worth tops $46 billion – was quick to praise the advent of blockchain technology, suggesting his company had already looked into ways to harness this tool

Crypto This Week: Price Corrections and Regulations

The international mood toward Bitcoin has continued to tighten, particularly with US Treasury secretary Steven Mnuchin stating that the G20 nations will begin working together to make sure that Bitcoin and other cryptocurrencies are properly regulated. Governments around the world closed ranks and threatened to impose regulation on their trading.

  • Cryptocurrency Highlights:
  • Cryptocurrency market at risk of major change in character Bitcoin & Ripple turning lower from resistance
  • Ethereum acting as it did in December, but can it continue?

Sources: 

https://cointelegraph.com/news/new-report-north-korean-hackers-stole-funds-from-south- korean-cryptocurrency-exchanges

https://cointelegraph.com/news/bitcoin-laundering-less-than-one-percent-of-all-transactions

https://cointelegraph.com/news/indian-banks-suspending-bitcoin-exchange-accounts

https://www.investopedia.com/news/alibaba-launching-crypto-platform/? utm_source=personalized&utm_campaign=bouncex&utm_term=11979181&utm_medium=email

https://www.benzinga.com/analyst-ratings/analyst-color/18/01/11053496/ripple-founder-chris- larsen-talks-about-the-many-use-ca

https://www.express.co.uk/finance/city/908003/Bitcoin-price-live-ripple-price-ethereum-price- rise-fall-blockchain-cryptocurrency

https://www.investopedia.com/news/bitcoin-price-weekly-recap-price-corrections-and- regulations/

https://coinjournal.net/dash-announces-new-business-partnerships-us300k-rd-initiative-arizona- state-university/

https://www.investopedia.com/news/japans-biggest-bank-releasing-its-own-cryptocurrency- march/

https://cointelegraph.com/news/bitconnect-ponzi-scheme-no-sympathy-from-crypto-community;

https://qz.com/1183173/cryptocurrency-mining-is-now-so-big-its-showing-up-in-tsmcs-earnings/;

https://cointelegraph.com/news/s-korea-to-tax-crypto-exchanges-242-percent-in-line-with- existing-tax-policy;

https://www.cnbc.com/2018/01/22/cryptocurrencies–south-korea- announces-real-name-account-rules.html;

https://www.japantimes.co.jp/news/2018/01/23/business/japan-global-leader-cryptocurrency- investment/#.Wmbl3FXXbmg

 

The Reality of Investments – What is Possible to Invest in today

Trading online forex does offer amazing new opportunities to profit. Things are never quite as expected and routine. And new markets trends appear every year.

Trading Online Forex Offers Great Range of Choice

Trading online forex offers a huge range of markets to trade. And this fits just about all possible trading and investing needs. Anything that is offered in commodities, stocks or bonds, can be traded by proxy through some currency pair. There are very few exceptions. But in reality the major underlying markets are known, and forex is the main part of these markets. Traders trade ERUUSD for example, for all kinds of reasons. EURUSD is perceived as a risk market, and it goes up when investors feel good. And it goes down when investors flee risk, and buy the US dollar. The very trend of EURUSD tells in one chart, how investors feel at any time. And the trend of this currency pair alone sets the tone for so many other risk markets. This is just one of forex market basics that all new traders learn. Assessing the risk appetite of investors. And also assessing various factors which impact markets, based on the absolute value of EURUSD, not just its latest trend. For example, when EURUSD is trading above 1.2 it shows that the global markets are doing good. Whereas when trading below 1.2 there is additional uncertainty, on a global scale. Traders trading online worldwide pay attention to these facts, and EURUSD is a simple way to assess investor appetite at a glance. In similar ways, other currency pairs indicate what other markets will do. USDCAD for example indicates what is happening in crude oil and the energy markets. And once again, certain absolute values matter, it’s not just about the daily trend.

Trading online forex
Classic trading rules are for conventional, naive thinkers, they might work marginally, or might not work at all, but who cares, you can’t make serious money by trading in the most obvious way. To make serious money in the forex market, at least few of these classic rules have to be broken. Seriously profitable forex traders use large stops, high risk-reward ratios (in violation of classic trading rules), and notional stops in the time domain.  So in the mind of the unconventional trader, an open, slightly profitable trade that is more than 3 days old, which is failing to impress, is actually considred a losing trade and is usually closed. In the mind of the naive trader the trade is seen as profitable since it has not triggered the stop, and so it is left open. And more often than not, guess what happens, the market does reverse against the trader, after about 3-5 days, and the miserable trade becomes a massive loser.

Trading Online Forex Can Be Hugely Profitable

Trading online forex can be as profitable as one is willing to commit. Profitable forex trading requires overcoming classic trading rules and taboos. It actually requires taking more risk, and trading in a kind of messy, unorderly way. Traders only need to assess portfolio risk, and monitor overall exposure. But winning traders don’t do anything else relating to discipline and precision. They actually use huge stops, and go through huge volatility swings. It has been proven that rigid trading systems fail to match the volatility of the markets, and fail to produce big profits. Wise traders know that the markets will do the impossible, and some trade will go totally wrong. But they have ways for assessing the real risk in that trade. Not the apparent risk as perceived by naive traders, based on the open profit-loss figure. Those who engage in day trading forex through this messy trading philosophy. End up making the most money. Because they do things that conventional thinkers will never do. If you are in any doubt that messy trading works, you can always try it out through practice currency trading. Give it your best short, through the use of large stops, hedging methods, and mental stops in the time domain. If your trading systems is messy and elastic enough to match the volatility of the markets. You will see it will offer you much more profits.

Finding a CFD Trading Broker That Works for You

Trading online forex does offer amazing new opportunities to profit. Things are never quite as expected and routine. And new markets trends appear every year.

Trading Online Forex Offers Great Range of Choice

Trading online forex offers a huge range of markets to trade. And this fits just about all possible trading and investing needs. Anything that is offered in commodities, stocks or bonds, can be traded by proxy through some currency pair. There are very few exceptions. But in reality the major underlying markets are known, and forex is the main part of these markets. Traders trade ERUUSD for example, for all kinds of reasons. EURUSD is perceived as a risk market, and it goes up when investors feel good. And it goes down when investors flee risk, and buy the US dollar. The very trend of EURUSD tells in one chart, how investors feel at any time. And the trend of this currency pair alone sets the tone for so many other risk markets. This is just one of forex market basics that all new traders learn. Assessing the risk appetite of investors. And also assessing various factors which impact markets, based on the absolute value of EURUSD, not just its latest trend. For example, when EURUSD is trading above 1.2 it shows that the global markets are doing good. Whereas when trading below 1.2 there is additional uncertainty, on a global scale. Traders trading online worldwide pay attention to these facts, and EURUSD is a simple way to assess investor appetite at a glance. In similar ways, other currency pairs indicate what other markets will do. USDCAD for example indicates what is happening in crude oil and the energy markets. And once again, certain absolute values matter, it’s not just about the daily trend.

Trading online forex
Classic trading rules are for conventional, naive thinkers, they might work marginally, or might not work at all, but who cares, you can’t make serious money by trading in the most obvious way. To make serious money in the forex market, at least few of these classic rules have to be broken. Seriously profitable forex traders use large stops, high risk-reward ratios (in violation of classic trading rules), and notional stops in the time domain.  So in the mind of the unconventional trader, an open, slightly profitable trade that is more than 3 days old, which is failing to impress, is actually considred a losing trade and is usually closed. In the mind of the naive trader the trade is seen as profitable since it has not triggered the stop, and so it is left open. And more often than not, guess what happens, the market does reverse against the trader, after about 3-5 days, and the miserable trade becomes a massive loser.

Trading Online Forex Can Be Hugely Profitable

Trading online forex can be as profitable as one is willing to commit. Profitable forex trading requires overcoming classic trading rules and taboos. It actually requires taking more risk, and trading in a kind of messy, unorderly way. Traders only need to assess portfolio risk, and monitor overall exposure. But winning traders don’t do anything else relating to discipline and precision. They actually use huge stops, and go through huge volatility swings. It has been proven that rigid trading systems fail to match the volatility of the markets, and fail to produce big profits. Wise traders know that the markets will do the impossible, and some trade will go totally wrong. But they have ways for assessing the real risk in that trade. Not the apparent risk as perceived by naive traders, based on the open profit-loss figure. Those who engage in day trading forex through this messy trading philosophy. End up making the most money. Because they do things that conventional thinkers will never do. If you are in any doubt that messy trading works, you can always try it out through practice currency trading. Give it your best short, through the use of large stops, hedging methods, and mental stops in the time domain. If your trading systems is messy and elastic enough to match the volatility of the markets. You will see it will offer you much more profits.

Our Recommended Day Trading Forex System for New Traders

Trading online forex does offer amazing new opportunities to profit. Things are never quite as expected and routine. And new markets trends appear every year.

Trading Online Forex Offers Great Range of Choice

Trading online forex offers a huge range of markets to trade. And this fits just about all possible trading and investing needs. Anything that is offered in commodities, stocks or bonds, can be traded by proxy through some currency pair. There are very few exceptions. But in reality the major underlying markets are known, and forex is the main part of these markets. Traders trade ERUUSD for example, for all kinds of reasons. EURUSD is perceived as a risk market, and it goes up when investors feel good. And it goes down when investors flee risk, and buy the US dollar. The very trend of EURUSD tells in one chart, how investors feel at any time. And the trend of this currency pair alone sets the tone for so many other risk markets. This is just one of forex market basics that all new traders learn. Assessing the risk appetite of investors. And also assessing various factors which impact markets, based on the absolute value of EURUSD, not just its latest trend. For example, when EURUSD is trading above 1.2 it shows that the global markets are doing good. Whereas when trading below 1.2 there is additional uncertainty, on a global scale. Traders trading online worldwide pay attention to these facts, and EURUSD is a simple way to assess investor appetite at a glance. In similar ways, other currency pairs indicate what other markets will do. USDCAD for example indicates what is happening in crude oil and the energy markets. And once again, certain absolute values matter, it’s not just about the daily trend.

Trading online forex
Classic trading rules are for conventional, naive thinkers, they might work marginally, or might not work at all, but who cares, you can’t make serious money by trading in the most obvious way. To make serious money in the forex market, at least few of these classic rules have to be broken. Seriously profitable forex traders use large stops, high risk-reward ratios (in violation of classic trading rules), and notional stops in the time domain.  So in the mind of the unconventional trader, an open, slightly profitable trade that is more than 3 days old, which is failing to impress, is actually considred a losing trade and is usually closed. In the mind of the naive trader the trade is seen as profitable since it has not triggered the stop, and so it is left open. And more often than not, guess what happens, the market does reverse against the trader, after about 3-5 days, and the miserable trade becomes a massive loser.

Trading Online Forex Can Be Hugely Profitable

Trading online forex can be as profitable as one is willing to commit. Profitable forex trading requires overcoming classic trading rules and taboos. It actually requires taking more risk, and trading in a kind of messy, unorderly way. Traders only need to assess portfolio risk, and monitor overall exposure. But winning traders don’t do anything else relating to discipline and precision. They actually use huge stops, and go through huge volatility swings. It has been proven that rigid trading systems fail to match the volatility of the markets, and fail to produce big profits. Wise traders know that the markets will do the impossible, and some trade will go totally wrong. But they have ways for assessing the real risk in that trade. Not the apparent risk as perceived by naive traders, based on the open profit-loss figure. Those who engage in day trading forex through this messy trading philosophy. End up making the most money. Because they do things that conventional thinkers will never do. If you are in any doubt that messy trading works, you can always try it out through practice currency trading. Give it your best short, through the use of large stops, hedging methods, and mental stops in the time domain. If your trading systems is messy and elastic enough to match the volatility of the markets. You will see it will offer you much more profits.

Major Cryptonews 17-19 January 2018

  • Bitcoin and ethereum — the first and second largest virtual currencies by market value — appeared to stabilize after Wednesday’s lows.
  • Experts said earlier this week that investors had been “spooked” by news of regulatory crackdowns from both South Korea and China.
  • Regulators have expressed concerns over digital assets due to their extremely volatile nature and worries that they could be used for illicit activity.

Bitcoin Rebounds after Falling below $9,500 in Cryptocurrency Crash

The price of digital currency bitcoin rebounded on Thursday after falling below the $9,500 level on Wednesday amid a selloff in cryptocurrencies sparked by fears over a regulatory crackdown.

Bitcoin was trading at $11,228 by 05:03 AM ET (10:03 GMT) on the Bitfinex exchange, up 9.13% from its previous close.

Prices fell as low as $9,231.0 on Wednesday, the weakest level since November 30 a fall of more than 50% from its December 17 peak of $19,891 on Bitfinex and more than $20,000 on other exchanges.

‘Impossible’ to Shut Down Cryptocurrency Exchanges, Govt. Lacks Authority: Korea’s Fair Trade Chief

The chairman of Korea’s Fair Trade Commission chairman Kim Sang-Joo plainly opined it is “not realistically possible” to shut down cryptocurrency exchanges, adding that the law does not permit authorities like the justice ministry to close cryptocurrency exchanges. The statement is particularly notable, coming from the chairman of the country’s economic competition regular and a member of South Korea’s cryptocurrency task force – an inter- governmental collective tasked to propose a regulatory framework for the cryptocurrency industry.

Green Light for Crypto: Market Gets Back on Its Feet

For the umpteenth time, Bitcoin was declared dead this week as the cryptocurrency market took a major dive in value. Bitcoin dipped below $10,000 as others followed suit with even bigger drops as the panic spread about a burst bubble. However, the negative charts across the board took a positive turn as most of the numbers turned green across the major coins. The crypto market has generally been in a downturn since Bitcoin hit the $20,000 mark, but this recent collapse ignited genuine fear and panic. It was rounded out that Bitcoin’s fall – from about $14,000 to just under $10,000 equated to a 30 percent swing, which, looking back in history is relatively normal and expected. Bitcoin faced three similar, if not bigger drops in 2017. Everything is under control.

Ripple Price Surges 49% as Market Shakes Off Wednesday Woes

The ripple price surged by 49 percent on Thursday as the cryptocurrency markets made a $177 billion recovery from Wednesday’s low-point. Thursday, however, demonstrated that the markets do not intend to go down without a fight, and cryptocurrencies rose across the board as $177 billion in capital flowed back into the ecosystem. The ripple price was one of the day’s top performers, rising 49 percent, which enabled XRP to outperform the cryptocurrency market cap index and recover to $1.56. Ripple now has a circulating market cap of $61.1 billion, which makes it roughly twice as valuable as bitcoin cash. Factors Behind the Ripple Price Rally: Additionally, South Korean bank Woori Bank announced that it would conduct a second pilot program using Ripple’s enterprise blockchain. Given the heavy concentration of XRP trading in Korea, this announcement understandably had an outsized effect on the ripple price.

Dash/USD Analysis

Dash traders sold off again during the Wednesday trading hours, breaking down below the $700 level. In fact, the volume break below the $800 level was significant enough to make me think that when we rally, sellers will be coming back to short the market again. I anticipate that the dash market has further to go to the downside, with at least $600 being targeted.

Litecoin/USD Analysis

Litecoin simply cannot get out of its own way. We are well below the $200 level now, and likely heading to at least the $150 level, if not the $100 level. The volume has been picking up to the downside, as retail traders are getting out of the market place. I suspect that we have several more days of negativity, before offering some type of value that longer-term traders can take advantage of.

‘Crypto-fever’ has reached epidemic proportions and is unlikely to abate any time soon judging from the latest market predictions.

Seven out of eight major cryptocurrencies are forecast to make stellar returns in January according to average forecasts by the cryptoexperts.

Largest Price Rises.

The cryptocurrencies expected to rise the most in the remainder of January are Cardano (ADA), which is predicted to increase 433.17% on average, and Stellar Lumens, forecast to rise 126.32%.! Litecoin is the only cryptocurrency which is expected to decrease in value by February 1, falling by 2%. For their end of 2018 forecasts, however, the panelists predict that Litecoin will recover with an increase in value of

24.14%. Verge is the only coin out of all eight expected to decrease in price by the end of the year, with a drop of -37.99% forecast. Cardano is forecast to rise the most over the whole year, rising to an average of $68.18 although the variance between forecasts is large (from $200.00 to $1.50). Bitcoin is forecast to rise to an average of $33,000 by the end of 2018.

Sources:

https://www.finder.com.au/author/harrytucker

https://cointelegraph.com/

https://www.investopedia.com/news/introduction-cardano/

https://www.ccn.com/impossible-shut-cryptocurrency-exchanges-govt-lacks-authority- koreas-fair-trade-chief/

https://www.investing.com/news/cryptocurrency-news/bitcoin-rebounds-after-falling-below- 9500-in-cryptocurrency-crash-1118634

https://cointelegraph.com/news/green-light-for-crypto-market-gets-back-on-its-feet

https://www.cnbc.com/2018/01/18/bitcoin-ethereum-and-ripple-make-comeback-after- crypto-sell-off.html

https://www.poundsterlinglive.com/commodities/8334-most-major-cryptocurrencies-forecast- to-continue-rising-in-2018-according-to-finder-com