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Main cryptonews for the past 7 days

The ups, the downs, pressures from regulators, the doubts of top managers and hacking attempts to mine one of the most popular cryptocurrencies through browsers of unaware users – all this had a major influence on cryptos last week.

Bitcoin has marked the 9th anniversary since its creation. The first block of the blockchain beyond Bitcoin ecosystem was created 9 years ago. Since then, the history of the most famous cryptocurrency begins. The value of Bitcoin today is more than 10 times bigger in price, than it is used to be at the beginning of 2017.

Ethereum founder Vitaliy Butorin has announced that there will be grants specifically allocated to those developers who would help making ethereum blockchain network more efficient and stable. The demand for optimization of ethereum network has increased due to the rise of the popularity of ether cryptocurrency. The volume of transactions is approaching 1 mln/day which slows down the operations of the network substantially. Grants will be awarded to projects that aim to solve this issue.

During the March 2018 Belarus will launch first ever Bitcoin and Blockchain education program in one of its Universities. All related topics and science behind blockchain technology will be studied. 4 specialisation will be offered within the program.

From 4th of January 2018 Ukrainian cryptocurrency exchange Kuna started the trading of BCH/UAH crypto-pair. Crypto-exchange offers traders to buy Bitcoin Cash with Ukrainian Hryvnia. Ripple and Stellar altcoins are yet to come next.

The European Central Bank board member Ivald Novotny which leads also a Central Bank of Austria has stated that any operations with cryptocurrencies should be also eligible for taxation. He stated as well that there are concerns regarding crypto transactions that might be used for money laundering, for terrorism-related transactions and for tax avoidance schemes. Many his colleagues agree that some Russian oligarchs and sanctioned individuals and corporations might be using cryptos and tokens to avoid economic sanctions and foreign financial monitoring.

Bank of England is considering the launch of its own cryptocurrency from the beginning of 2018. Subsequently, part of the media denied this information. Meanwhile American bank Merrill Lynch forbade its clients from investing in cryptocurrencies and related funds, especially to those created by ex-Wall Street traders. This decision came shortly after the launch of Bitcoin futures trading by CME Group exchange.

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 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

Finding the right CFD trading broker is important, as different traders have different needs. Trading platforms and tools offered, differ from broker to broker.

CFD Trading Broker Selection

CFD trading broker selection comes down to personal preferences and needs. In general, all CFD traders need ease of use, when it comes to a trading platform. Because they all have to do some fast trading once in a while. So an easy to use, fool-proof platform is helpful to have. Most CFD trading platforms are fool-proof, and it is hard to make a mistake, such as placing the wrong order type. Or trading the wrong market. Nonetheless, wise traders always act with caution, even during fast trading conditions. As they say, haste makes waste, and the objective is to refrain from impulsive trading. Beyond that issue, some brokers offer trading CFD tips or competitive foreign exchange currency swap rates. As well as extensive educational resources. Beginner traders will find educational tools useful. While experienced traders care more about trading efficiency and trading platform tools. All in all, the entire CFD industry is very competitive and most brokers are exceptionally good. The important thing is to trade through a well rated CFD broker. One where the trader knows trading efficiency is good at all times.

Can a CFD Trading Broker Facilitate Making Millions?

A good CFD trading broker can indeed facilitate heavy duty trading of all kinds. The benefits of CFDs are unique and priceless. They are always there for trading size up to $100 per point / pip. Which way more than enough, for making millions. CFD traders who know their markets, stand a good chance of making millions, smoothly, over an acceptable period of time. So the CFD industry has been proven to facilitate such trading for more than 15 years now. There are CFD trading stories of success by directional traders. As well as by investors and hedgers, who simply hedge risk in their classic portfolios, through a CFD trading account. CFDs were first popular among stock investors and traders. But later were adapted by all kinds of traders, even carry traders using advanced hedging methods. Most successful traders keep quiet about their profits, for all kinds of reasons. But more importantly there is a culture of secrecy, which dates back to the early days of stock trading. Because when the stock market goes down, many classic investors lose money, and treat any winning investors with animosity. With CFDs the advantage is even stronger, because you can actually keep on selling short stocks. And profit directly at the expense of the losers. Even when there are short selling restrictions imposed. So especially during such times, CFD traders making tons of money when the stock market goes down, have good reasons to keep quiet. People would hate you enough even if you make millions the hard way, let alone when you make millions the easy way. But there’s no reason to feel guilty, profits from CFD dealing are subject to taxation, at the going capital gains tax rate. And you take risks to generate these profits. So there’s no reason to feel guilty.

Our Recommended Day Trading Forex System for New Traders

Beginner traders can trade a day trading forex system. One that is based on high-frequency trading and a small probability of getting stuck on the wrong side.

Day Trading Forex System For New Traders

A good day trading forex system for beginners could be that of LSS pivot trading. Or that of scalping during inactive market hours. LSS pivots are relevant in both such systems. In the case of scalping, the trader has to establish the baseline on market price, so that no LSS pivots are intercepted. In general, it’s good for beginners to trade a small size, high frequency system. And to establish maximum risk levels, past which they have to close the trade. Trading on high frequency ensures that the trader maintains objectivity and is almost neutral on direction, at least for the day. Traders lose objectivity once they are in a trade, and wishful thinking is activated. When traders no longer think objectively, they tend to see all kinds of confirming forex signals, while not questioning them further. The average forex trading platform online, offers all a trader needs. Especially CFD trading platforms which facilitate smooth and efficient trading. The problem with new traders is lack of experience, lack of funds, and the inability to maintain objectivity. All these things lead to losing trades, and losses that the trader cannot deal with. Or simply doesn’t want to accept, and doesn’t know how to hedge. That’s why a high frequency trading system removes a huge portion of risk, by allowing you to be almost directionless. Even when the losing trades come, you can still get back into the market fast, and make some profits. LSS pivots and volatility indicators are all you need to start developing such a trading system.

Volatility-Proof Day Trading Forex System

A day trading forex system can be made to be volatility-proof, through preparation and good use of the LSS pivots. Even if you trade during the most volatile hours, the LSS pivots will provide at least the clues on momentum. And this will allow you to pick better entry points, even in your losing trades. Which means much smaller losing trades. As opposed to some trader who entered the market totally clueless. LSS pivots are immune to the daily deceptive momentum. Because they are calculated based on yesterday’s daily price range data. Analysis done in real time is bound to be deceptive and wrong, because the data itself is wrong. Your CFD forex broker can facilitate fast trading, no problem with that. Just make sure to read through your basic trading online guide, but ignore indicators such as MACD, and analysis methods such as Fibonacci and Elliot wave theory. These methods are as good as useless and you are better off without using them. You only need LSS daily pivots, and volatility indicators. You can also do analysis on the daily trend. Because the daily tend does hold clues which are relevant to high frequency trading, at least on 1/3 of the days seen on a daily chart. Finally, you don’t need to use daily news as indicators. News is only a volatility indicator and nothing more. Traders attempting to make directional trades based on news, end up losing time after time. It’s just not possible to win like that.

The Industry Breakdown: Trading CFD for Dummies

CFDs are a way to trade at all levels of expertise. Trading CFD for dummies courses are a great way to become familiar with CFDs and understand their basic use.

Trading CFD for Dummies Courses

Trading CFD for dummies courses are good for understanding basic CFD trading and ideas. Most of these courses however fail to mention that the real benefits of CFDs lie in superior liquidity and pricing linearity. Most people argue that CFDs are affordable, nice and offer good leverage, but that’s not much of a deal. Many other instruments are also affordable and nice, and offer high leverage, but are really bad to use. The real hidden, unique advantages of CFDs are superior liquidity pools and linear pricing. These two make all the difference, and make CFDs perform so much better than other instruments. Better liquidity means getting a better price every time. You can trade stocks through CFDs, and short stocks even when stock traders cannot do short-selling. That’s one example of unfair advantages that CFD traders get to have. But linear pricing and good liquidity are evident everyday, through efficient trading and better filling prices. Profitable online currency trading through CFDs is a very appealing missions for all new traders. They all want to learn to trade in order to make extra money on the side. And while trading is surely difficult and confusing, CFDs definitely can help in boosting one’s profitability.

Trading CFD for Dummies Willing to Be Different and Better Traders

Good trading CFD for dummies education is provided by veteran traders and analysts who understand different markets and methods. The objective is to teach these new traders how to trade better and more wisely. And the biggest challenge lies with risk control. Well, CFDs actually make it possible to effectively hedge open losing trades. In ways that it would have been too hard through other instruments. Online CFD analysis is all about gauging market momentum, breakouts and volatility. When conditions are right a simple CFD trade can lock the loss on an open losing trade. And this averts a lot of confusion and impulse trading decisions. That’s why trading CFD is much more than just affordable leverage. Hedging is a natural occurring though that comes to the minds of many new traders. As they explore markets. How many times have we all seen a trade getting stopped out at maximum possible loss, only to see the market reversing right there. New traders have realized that the use of tight stop loss orders just isn’t right. And that more flexibility is needed. Ideally, large stops and hedging methods, could be the way to go.

New Traders are learning Fast

Today’s traders are learning faster than ever, and are quick to challenge classic trading opinion. Good profitable traders are expected to come out from this generation. Because they have learned to think outside the box. So today’s dummies could be tomorrow’s super star traders. Affordable leverage surely does play its part, because without it traders would not be able to afford their trades. But remember that this is not the real power of CFDs.

CFD Trading Stories: Strategies from Trading Experts that Work

Old wise traders have many tips to offer. Their CFD trading stories are among their best. Since they are about linear and efficient trading, in tough markets.

CFD Trading Stories From the Past

Some interesting CFD trading stories from the past underline the difficulties and excitement of trading. All older traders are familiar with direct access trading, limited leverage and legacy trading platforms. But in the last 15 years or so, they all moved, more or less to CFD trading platforms. They now know how CFDs benefit their proven strategies and methods. How does CFD work to facilitate all that, has all to do with how CFD contracts are priced. They simply follow the markets very closely. And work better than the underlying markets themselves, so in effect they are better even than direct access trading. Because the benefits of superior liquidity are available in CFD trading. But liquidity issues common in the actual markets, are almost completely eliminated in CFDs. That’s because CFD liquidity pools work like small harbors for small ships. By providing access to the open wide sea, but at the same time preventing risky waves from reaching deep inside. CFD liquidity advantage is clearly proven in stock trading. Where CFD traders can short any stock they choose, even if the SEC in the US has imposed temporary short selling restrictions on all stocks. In the other markets, this unfair advantage is still there, but is less obvious. Whether investing in foreign currency or stock day trading online. These older traders have many relevant stories to tell. Their most proven working strategies remain either secret, or too psychology based, and hence difficult to figure out. However, it is evident that wise profitable traders fall into various different categories. And they have different levels of risk tolerance. In general, they all are addicted to trading. And they all have some kind of preference for one specific methodology. This is how we know that strategies based on LSS pivots, time zones and volatility, really do work. As opposed to strategies that rely too much on Fibonacci, oscillators, and moving averages, which we know definitely don’t work. Time zones for example, tell forex traders when a currency pair has the highest probability for either making a move, or trading flat. Wise forex traders cannot afford to ignore time zones. It has been proven beyond doubt, markets trend at specific time zones.

CFD Trading Stories From the Present

Today’s CFD trading stories follow in the footsteps of the pioneer traders. Who first used these methods and tested them to the limit. Today’s traders go a step further by making use of software, calculator apps, and more complex formulas. Back in the 60’s and 70’s probability and mathematical formulas could not be used in real time. Because there was no way to have them running in real time. Today’s traders can, as both market data and computers make it possible to. CFD trading strategies for beginners don’t go this far. But even beginner traders soon come to the realization that mathematics and computers really can enhance all strategies. Even the best old timer trading strategy can be drastically improved through some automation. Today’s traders go as far as using pattern recognition formulas, to infer hidden relationships between different markets. And this makes it possible to assess trading signals much better. So that false signals are detected and avoided. But in order to successfully embark on the quest to develop such a good strategy. It is important that the fundamental principles and ingredients are good. That’s why successful trading comes down to LSS pivots, time zone analysis and volatility studies. If you focus your research on momentum, which is neither correct nor misleading. The quest will be harder. Momentum in the financial markets is misleading at least half the time. While it is useful the rest of the time. But it’s not a key ingredient for going deeper into a market’s inner workings. Momentum is only useful when traders look at the longer term. So as to what will happen over a week or a month. But for day to day momentum readings, your findings will be misleading and will not lead into safe conclusions.