Successful foreign currency trading

In order to successfully implement a foreign currency trading strategy, you must be able to assess trends so that you can determine whether it’s a good idea to trade or not.

When choosing the currency pairs to trade in, you should take time to read the historical information as well as evaluate pricing charts so that you can follow trends in forex exchange rates.

How to determine and use forex exchange rates

Many forex traders prefer not to carry out a lot of research. This is where forex software is useful as it only requires past data to evaluate forex exchange rates, and give recommendations about buying and selling of different trade indicators.

The software creates these trade indicators after examining the progress in the forex exchange rates in a certain period of time. The trading software is programmed to identify any defined trend in the exchange rates as the prices change.

Are forex exchange rates reliable?

At a national and global level, foreign currency is one of the biggest and most volatile markets in the economy. This is because prices can fall or rise in minutes. Therefore, it is very important to acquire a trading account that will allow you to track and monitor forex exchange rates in real time.

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Technical and fundamental analysis

Successful investors usually take an analytical approach when they invest in volatile markets such as the stock or foreign exchange market. For investment in the financial markets, two common strategies are used. These are known as technical and fundamental analysis. Fundamental analysis is a long-term investment strategy whereas technical analysis focuses on the short-term.

In order to minimize risk, investors use technical and fundamental analysis techniques to assist them in making profitable investments.

The two main analysis techniques are described below:

Technical analysis

Technical analysis involves studying past trends in order to ascertain patterns. It forecasts future financial price movements based on past price movements in order to help investors predict what is likely to happen to prices over time. Technical analysis involves reading and interpreting charts in order to identify the best time to enter into a trade.

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The global debt problem

There is a widespread global debt problem which was inevitable after paper money had been introduced. Almost every country in the world is in debt.

Global debt

Debt is a fascinating concept as governments need money in order to run countries. It’s an obvious fact that running a country costs a lot of money. Governments obtain money from the people they govern. Governments are not profitable entities, nor do they own profitable businesses or any other ways of earning money. This money is assigned as taxes, and it is the obligation of the citizen of a country to pay their taxes in order to provide their government with enough funds to run the country.

Essentially, the government uses these funds (taxes) to run the country. They should spend all tax money on the country, but governments often surpass the amount of these funds. Government expenditure is similar to the spending of people because it usually exceeds their financial means. Governments printed more money and referred to this money as debt to justify the spending of more money. They use this money to pay for everything that taxes would have paid for. This money though is debt.

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Advantages of forex trading

Forex refers to Foreign exchange markets. Forex is also represented by the symbol FX which is a familiar term among investors, bankers and stockbrokers across the world. The Foreign Exchange market is a global, decentralized market for the trading of currencies. Forex trading involves buying and selling currencies on the foreign exchange market in order to make a profit. The principal participants in the forex market are major international banks. Financial centres around the world offer buyers and sellers a convenient platform for trading in currencies.

Profit potential from rising and falling markets

You can trade freely in the market as far as your potential goes. If you believe that the price of a currency will increase, you can buy it or go long. Increased currency price indicates you can sell it at the increased price. You can make up for huge profits by trading on volumes. However, if you believe that the currency value is going to fall, you can sell it or go short.

Seasoned stock traders can make a huge amount of profits and even become overnight millionaires. On the other hand, if you desire huge amount of profits and start trading without following the tricks of the trade you can also end up losing a lot of money. Therefore, you should always be cautious while you are operating in the Forex market or stock market.

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Avoid the pitfalls of forex trading robots

Forex trading robots have become a popular tool in the personal forex market. They’re often attractively priced and marketed as ‘Expert Advisors’ that can operate on the best trading platforms. However, an increasing number of traders are not happy with the purchase of their automated forex trading program.

Sold on profits

Anybody with a product to sell will focus on the product’s most attractive features to get you to buy it. That is especially true about automated trading products. Often, they’re presented as offering the path to financial freedom and easy to use.

In reality, the evidence of their success is just a small sample of trading when the software enjoyed a profitable spell.

The disclaimer makes it alright

Every forex trading robot is sold with a disclaimer that denies any responsibility for how it will perform in the future.

The words may be different each time, but the message always amounts to the same thing. There’s no guarantee this software will trade profitably based on its historical performance and protects the seller from potential fraud claims.

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An introduction to order flow trading

Order  flow trading is a profitable form of trading. It provides professional and retail traders with information based benefits. Also, it offers step-by-step analysis of order flow in the form of charts that can be interpreted in a simple way.

Order flow trading takes into account other forms of trading. The aim is to predict the prices of stocks through pending orders of other traders. In anticipation of prices, it is important to ensure that potential traders have large orders. The traders should be active market participants who have pending orders.

Facts about order flow trading

Trade mentors advise traders to trade what they see instead of trading what they think. The market does not actually move according to your thoughts. Picking levels is a risky way to exercise your trading, and has been banned by professional traders. However, order flow trading cannot be implemented without picking levels.

Traders who mentally picked up levels while simultaneously observing the price charts discovered that the levels were all blown away. However, things can vary by using tight stop losses especially if you consider picking levels carefully. Consider picking levels with caution and use tight stop losses.

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Instant access to profits with the forex debit card

Forex brokers have to continuously offer innovative products in order to survive in the competitive forex industry. Therefore, the forex debit card is the right way forward.

Forex brokers are now giving their traders a branded forex debit card which offers a sequence of exclusive advantages.

The greatest advantage is that all payments are made quicker and easier especially withdrawals which have been the worst nightmare for many FX brokers. Now it’s possible for traders to  withdraw from their FX trading account at any time and from any place.

The other benefits of a branded forex debit card are that it can be used as any regular debit card. It is accepted worldwide at any ATM around the world.


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Why less is more in forex trading

Three top tips for trading the markets like a pro

Developing and sticking to your trading strategy is crucial if you trade CFDs on forex, commodities, indices and shares. Simply put, veering from your forex trading strategy is a risky move that could see you lose funds, and that’s something that no trader wants to happen.

The fact is though that many traders slip into negative trading habits such as trading intra-day price variations or withdrawing a cost-effective trade simply because the market started retracing against a position. These kinds of trading habits are counterproductive to your success as you are overreacting to normal price variations in a market.

Why less is more

Less is definitely more when it comes to trading the world’s markets – it really is crucial. To hammer this point home, we’ll look at 3 key points: market dynamics, price action and how not to react to every market fluctuation.

In trading, ‘a freight train’ refers to trends with tonnes of momentum behind them. If you look at the charts, you’ll soon realise that EURUSD, USDJPY and AUDUSD have long multi-month trends. These trends, just like real freight trains, don’t alter direction quickly or easily. Our freight train analogy brings us to my 3 tips to ensure that you instill ‘less is more’ in your trading strategy.

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Automated forex system trading

What is the advantage of automated forex system trading?

Forex trading now offers millions of people with an automated Forex system trading so that traders can employ a pre-programmed trading system for their Forex trade. There are many advantages to these automated trading systems in Forex market. However, it is essential to understand how it works before using an automated trading system.

Idea of automated forex system trading

An automated Forex system trading is the trading in Forex market that is performed on the basis of computerized programs. These programs are developed on the basis of best strategies for trading. This program can be developed according to the trading approach. This would be a customized automated trading in Forex market, but you can also get the pre-programmed automated systems that can be installed on the computer. These automated systems can run on the basis of robotic Forex trading. In addition to this, these programs can also be created on the basis of signal based trading.

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Ethereum for beginners

Ether is the second largest cryptocurrency in terms of market capitalisation. The total value in the market is approximately $85 billion (value correct on 28/2/18). Even though it is considerably behind Bitcoin, Ethereum is well ahead of other major cryptocurrencies such as Ripple and Litecoin.

If you want to find out about Ethereum, what it can be used for and its potential then this guide is for you.

What is Ethereum?
Ethereum is a decentralised programmable blockchain based software platform that runs smart contracts. The network is based on the blockchain technology and enables you to build decentralized apps and use the network if you have Ether. Ether is the cryptocurrency which helps in running the platform.

Basically, Ethereum functions as a platform through which Ether tokens can be used to create and run applications and smart contracts.

Ether is also used as a cryptocurrency and is traded on different exchanges.

What is a smart contract?
A smart contract is a blockchain based protocol that directly controls the transfer of digital currencies or assets between two exchanging parties. When a smart contract runs on the blockchain, it automatically executes under specific conditions. On the blockchain, smart contracts run exactly as programmed without any downtime, fraud or third-party interference. They solve a real problem by making existing systems better.

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Wall St strategist: $25k Bitcoin by year end

Bitcoin value currently around $10k but will be worth more than double by year end says Fundstrat

Fundstrat, one of Wall Street’s leading investment advisories, believes Bitcoin will soon return to the $20,000 value reached in 2017. Tom Lee is Fundstrat’s co-founder and has been a leading Wall Street strategist for 25 years. They published a cryptocurrency report (February 28) with analysis on price expectations also highlighting notable companies like Rakuten and plans to launch their own Rakuten Coin.

CNBC spoke to Lee about the report where he added that he expected Bitcoin to reach $20,000 by the middle of the year. He also expects it to reach $25,000 by year end based on historical price trends and crypto-related announcements by major companies.

Lee said: “The announcement by Rakuten is another example of positive developments in crypto in 2018, suggesting the large sell-off in Bitcoin and others at the start of the year was an overshoot to the downside.”

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Is Ripple the best cryptocurrency to invest in?

Ripple is emerging as the cryptocurrency with the most real world use as more financial institutions partner with it to provide payment solutions

Ripple is emerging from the pack of cryptocurrencies as one of the most likely to make a big impact in the financial services sector. Major companies are partnering with Ripple on payments projects to use its platforms. If these prove fruitful Ripple’s blockchain technology will take a step closer to becoming anindustry standard.

Saudi Arabia’s central bank announced on February 14 that it was partnering with Ripple on a payments ledger. The system enables local banks to deploy Ripple’s xCurrent for cross-border payments and will save up to $400 million per year, according to Moody’s Investor Services.

It’s not the first central bank Ripple have cooperated with. The Bank of England (BoE) successfully completed a proof of concept eight months ago to synchronise a payment between two central bank systems. It was part of the BoE’s exploration of solutions on how to update their payments systems.

Then, Mark Carney, governor of the BoE, said the cryptographic system that underpins virtual currencies is “not sufficiently mature” to support the scale of the bank’s payment requirements. However, the test “highlighted areas where we would like to conduct more exploratory work.”

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The Bitcoin, Litecoin, Ripple & Ethereum survival guide

Are you still confused about Bitcoin? Or maybe you don’t know what cryptocurrency is and why it is so significant. Our Bitcoin survival guide will outline everything you need to know and help you make the right decisions when investing.

Throughout this guide I will refer to Bitcoin, but the information applies to Litecoin, Ripple and Ethereum as well. Read on to find out all you need to know about Bitcoin and surviving the market trends.

What is cryptocurrency?
A cryptocurrency is a digital currency that uses cryptography to secure its transactions.

How can cryptocurrency be used as money?
Currency is a system of money and a form of exchange in general use in a specific country. At present, the Dollar is the most widely used currency around the world.

Anything can be used as a form of exchange, and this includes cryptocurrency.

Bitcoin is a ‘cryptocurrency’
Bitcoin is a type of cryptocurrency. There are many other cryptocurrencies such as Ripple, Litecoin, Dash, etc.

Bitcoin is the most popular because it was the first successful cryptocurrency to emerge. It is a digital currency that can be used to complete a transaction between two parties without involving a middleman. It allows direct, private transactions between users with almost no transaction costs. This is achieved because it is powered by blockchain technology.

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Buy, sell, and exchange cryptocurrencies with the FXB Crypto Webtrader

The FXB Crypto Webtrader allows you to buy, sell and exchange cryptocurrencies directly from your web browser in a couple of clicks with no additional software. All you need is an internet connection and a PC.  The Crypto Webtrader is a regular part of the desktop platform. The application is safe to use – all transmitted data is securely encrypted.

• Crypto Webtrader Features
• Trade directly from any internet browser
• Compatibility with Windows, MacOS, Linux
• Reliable data protection
• Maximise your opportunities with real-time instant quotes

FXB Crypto Webtrader offers a reliable and secure platform where you can buy, sell and exchange popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, Monero, etc.

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Litecoin rising. Momentum returning to cryptos?

Litecoin value has almost doubled in two weeks and stands out amongst general increase in prices among main cryptos recently 

There are signs cryptocurrencies are on the rise with Bitcoin near $10,000 (February 16) and a Litecoin surge grabbing attention.

As the case with most cryptos Litecoin recently dipped following record highs. However, it broke $214 (February 16) from a low of $110 on February 2 suggesting further price increases are imminent. Litecoin’s gain has stood out amongst a general growth pattern seen in many leading cryptos this month.

Since its inception Litecoin founder Charlie Lee has positioned his creation as the silver to Bitcoin’s gold. The main benefits of Lee’s digital coin over Bitcoin are twofold.

Michael LaVered of Oracle Times explains: “Litecoin combines all of the benefits of Bitcoin, but with shorter transaction times and lower fees.”

LaVered believes that Litecoin could potentially overtake Bitcoin in price because of the difficulty the leading cryptocurrency faces in scaling.

However, one of the driving factors behind Litecoin’s recent rise is the announcement of a potential hard fork called LitePay.

LitePay will enable Litecoin users to make purchases through businesses with a flat 1% transaction fee. Litecoin founder Lee has disassociated his digital coin from the spin off, denouncing it as a “fraud”. However, Litecoin users are being attracted with the offer of 10 coins of litecoin cash per coin held.

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Cryptocurrency will play a big role in our lives in the future

The growth of cryptocurrency and blockchain

The interest in cryptocurrency is often referred to as the ‘digital gold rush’ attracting thousands around the world to invest in cryptocurrencies such as Bitcoin and others like Litecoin, Ethereum and Ripple.

The value of Bitcoin is linked to sentiment – whenever people rush to invest, the prices go up and when people decide to sell, the price goes down. This volatility has resulted in prices skyrocketing. In 2017, Bitcoin surged in valued from $830 to $19300 and is now fluctuating around $8,000. Other cryptocurrencies like Ripple and Ethereum are following a similar trend. This cryptocurrency rollercoaster has helped lucky investors to make fortunes.

Blockchain, the technology behind Bitcoin and other cryptocurrencies, was designed to facilitate, authorise and log the transfer of bitcoins.

How does blockchain technology work?
Blockchain is a shared database populated with entries that must be confirmed and encrypted. Traditional databases are owned by a central authority like banks and governments, but blockchain does not belong to anyone.

The impact that blockchain technology is having is similar to the impact of the internet in the 90s. As society becomes increasingly digital, financial services providers are looking to provide customers with more efficient, secure, and cost-effective services. Therefore, blockchain technology will become more applicable to our daily lives.

Bitcoin and all cryptocurrencies depend on blockchain technology that makes transactions so secure that they are almost unhackable.


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Everything you need to know before you buy cryptocurrencies

You’ve been following cryptocurrencies for a while and seen Bitcoin rise in value from cents to its highest point of almost twenty thousand dollars. You have been thinking about joining the crypto rush but your knowledge is very limited. You want to invest an amount of $500 and are probably wondering which cryptocurrencies to invest in.

However, before you buy, you should do your research in order to find out everything there is to know about cryptocurrencies. To help you, we have compiled our own research. Read on to find out more.

What is Bitcoin?
Bitcoin is a popular digital currency created and stored electronically. It is digital money that is not linked to any financial institution, banking or currency system which can be transferred between individuals without any financial intermediaries.

What makes Bitcoin valuable?
Bitcoin gets its value because many people want to trade and accept it. It follows the basic rules of supply and demand. As people hear about others making money from cryptocurrencies, they buy their own and this makes the price increase.

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Samsung joins cryptocurrency bandwagon

Samsung reveals plans to create mining chips as it officially enters cryptocurrency arena

Samsung have announced that their foundry business makes chips designed for cryptocurrency mining. The move was reported by Korean newspaper The Bell who revealed the chips will be application-specific integrated circuit (Asic). It marks the first official move by Samsung into cryptocurrencies.

Garrick Hileman, a cryptocurrency researcher from the University of Cambridge, said the move indicates that Samsung does not see Bitcoin as a bubble that is about to burst.

Bitcoin may be the biggest and most popular cryptocurrency today. However, it has been joined by many others over the years with new coins being launched regularly. Samsung’s chip manufacturing decision is clearly influenced by more than Bitcoin. The combined market value of cryptocurrencies has gone from less than $20bn to more than $540bn making it impossible to ignore.

The South Korean company’s semiconductor business is booming. It overtook Intel to become the world’s biggest chipmaker last year. Asic chips are designed to carry out a single task, which in this case is mining.

Demand for chips grows with cryptocurrency

The demand for these chips has grown in parallel to the value of cryptocurrencies. Bitcoin is created by solving mathematical problems, with these calculations also maintaining the integrity of the transactions.

As more Bitcoins are mined, these problems become more difficult. Miners who used to use normal integrated graphics cards switched to GPUs designed for gaming. However, they are now turning to specially built ASICs.

Mining is how transactions are verified and added to the blockchain public ledger. Mining is also how new cryptocurrencies are released.

The recent shortage of high-end GPU cards has increased their prices, making Asic technology more appealing.

Samsung believes part of its popularity is down to its memory chips, with high demand from the computer server and mobile device storage markets in particular.

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Bitcoin value can reach $50k this year

Bitcoin value has dropped by almost 45% after hitting a high of almost $20k this month but some experts feel the crypto currency is set to climb again in 2018

Investors who joined late will feel the latest headline about Bitcoin value is a bad joke. Most people who invested in Bitcoin recently are sitting on negative equity or have cashed out losing.

Ethereum and Ripple backers have similar stories to share with their Bitcoin owning counterparts. But for portfolio manager Jeet Sign cryptocurrency volatility isn’t surprising and he envisages Bitcoin’s value hitting $50k this year.

Singh gave his views about cryptocurrencies to RT while attending the Davos Economic Forum in Switzerland. He’s been operating in the cryptocurrency space for the last six years. He’s seen similar volatility time and again. And he’s also experienced fluctuations by more than 80% and above on a regular basis.

Singh drew comparisons between cryptocurrency and the early performance of Microsoft and Apple stock.

“If you look at Microsoft or Apple when they went public their stocks were very volatile because the market wasn’t mature,” he said.

The lack of vendors accepting cryptocurrencies as payment results in cryptocurrencies being used more like as a store of value. However, in countries with high inflation (Indonesia and Thailand) cryptocurrencies are more readily accepted.

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How far will cryptocurrencies go for security?

Zcash go nuclear to generate random numbers to ensure security of digital coin in latest step by cryptocurrencies gain acceptance
The security of cryptocurrencies is an issue for some people. The founders of digital coins know that stories about exchanges being hacked damage their image.

For cryptocurrencies to be commonly used by the general public they must gain trust. The same trust that people have in the bank coins and notes they use to buy goods and services.

The developers of privacy-obsessed digital coin zcash have gone to unique (and extreme) lengths to ensure their digital currency’s security.

Zcash used nuclear waste from the infamous Chernobyl power station to create low-level radiation. This was converted into random numbers to generate zcash’s public cryptography parameters.

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