Author: Editor

  • Canopy Growth Stocks Rise on Good News

    Canopy Growth Stocks Rise on Good News

    2 min read

    Canopy Growth Stocks Rise on Good News

    The Canadian company was trading 3% higher yesterday. Canopy Growth stocks rise. That is good news. This increase was caused by the announcement the receipt of a key extraction license. The license is associated with its Saskatoon facility, KeyLeaf Life Sciences.

     Canopy Growth Stocks Rise on Good News

    How does it influence the Canopy Growth?

    This license could provide expanding the company’s margins by adding key recreational products. That could push more investors into its stock because the company may hit true profitability.  

    Canopy Growth stated in its press release, that new capacity would improve its productivity and decrease its operational costs of extraction. The final result could be lower cost for value-added products in the Canadian market.

    At the KeyLeaf department, Canopy would be able to extract 5,000 kilograms of cannabis in one day. Canopy Growth said that KeyLeaf is ready for large-scale outdoor cannabis and hemp orders.

    Canopy Growth Stocks Rise – Good news for investors

    The development isn’t cheap and it put strains on the company’s finances. In the Canopy’s press release yesterday, CEO Mark Zekulin tried to relax investors. He said, “With this milestone, we are executing against the vision of making strategic investments today in order to deliver results over the long term.” It could take some time until Canopy become profitable, but the company is assured that the goal is possible to reach in 3 to 5 years.

    US legalization of cannabis

    The Canopy Growth also said about the new extraction facility “ (it) represents a blueprint model for international expansion as global market demand dictates.”

    The point is that the new facility is close to company’s hemp operations and it can be used to develop hemp-based products for the US. The US market is the second, behind the Canadian market.

    In an attempt to take that market, Aurora Cannabis (ACB) finished its acquisition of Hempco Food and Fiber on Monday.

    Moreover, the US legalization of cannabis could be essential for these companies. In the light of coming presidential elections, some candidates are openly supporting the legalizing cannabis in the US.

    Analysts’ about Canopy Growth

    Analysts anticipate that in the first quarter next year Canopy Growth’s sales to grow for 17% to 110 million Canadian dollars from 94 million.  They suppose its gross margin to expand from 15.9% to 22.65%. Also, Aurora Cannabis’s (ACB) revenue could fall 75% in the same quarter to 114 million Canadian dollars.

    Canopy’s increased margin could come from its better product combination and cost optimization. All cannabis companies, have expanded their capacity during the past year. That might influence on cannabis cost per gram. As firms produce more, the cost should fall.

  • The Indian rupee sank to a fresh low on Tuesday

    The Indian rupee sank to a fresh low on Tuesday

    2 min read

    The Indian rupee sank to a fresh low on Tuesday

    This currency pair is becoming more and more popular in the so-called exotic pair group and trading the USD/INR pair has developed as an attractive investment chance for forex traders.

     

     The Indian rupee sank to a fresh low on Tuesday

     

    The Indian rupee on Tuesday lost by another 41 paise to close at a new six-month low of 71.59 against the US dollar. The reason is in economic risks that proceeded to rise.

    Investors are still risk-averse, they are unwilling to take risks yet. They have to consider multiple factors such as foreign fund outflow, the gap in most developing currencies’ markets, and there is also Indian economic slowdown.
    The main expectation is on the Indian government. Investors think that it will come out with incentive actions to refresh the development of the economy. The main problem is slowing in consumers demand in different sectors.

    The higher crude oil price also influenced rupee’s trading. The global oil benchmark, increased by 0.07%, and now is trading at USD 59.78 per barrel.

    The new rupee’s value of 71,58 is the lowest level for the Indian currency since February 4. On that day it was closed at 71.80 per US dollar. At the same time, the dollar index, which measures the USD strength against a basket of six currencies,  increased 0.06% to 98.40.

    But, Indian 10-year government bond yield was regular at 6.58% on August, 20.

    “Indian rupee declined for a second day as importers and foreign banks rush for the dollar amid a recovery in crude oil prices. The market is also expecting fund outflows of around USD 102 million on the back of Shell selling stake in Mahanagar gas,” said VK Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

    This expert in the capital markets with over 30 years of experience,  rides the fundamental, derivative and technical fields with equal ease. VK Sharma has been associated with Canbank Financial Services and Anagram Finance.
    VK Sharma believes that the next support for the rupee is at 72.5 level.

    In the equities market, the BSE Sensex sank 0.20%, lower at 37,328.01 

     

    And also the NSE Nifty sank, it ended for 0.33% lower at 11,017.

    Financial Benchmark India Private Ltd (FBIL) fixed the reference rate for the rupee/dollar at 71.3419 and for rupee/euro at 79.1386. The reference rate for rupee/British pound was set at 86.8026 and for rupee/100 Japanese yen at 67.05.
    The Indian rupee’s outperformance against more export-oriented currencies like the Korean won has possible come to the end.  JPMorgan sees risks moving to the downside.

    JPMorgan had promoted the rupee since the U.S.- China trade war hit the climax in May. It now awaits the currency to display higher beta to moves in yuan, which keep falling this year. JPMorgan thinks it will be continued in the first half of the next year. The lower price of the rupee is connected to declining internal and external growth.  The rupee is decreased by 3.9% during the past month which is the worst player in Asia that month.

    JPMorgan sees it weakening to 73-74 to the US dollar in the following months, from  71.59 on Tuesday.

  • Ashton Kutcher Investor – Celebrity Investors

    Ashton Kutcher Investor – Celebrity Investors

    3 min read

    Ashton Kutcher Investor

    Ashton Kutcher is one of the most popular actors of the 21st century.

    Everyone knows his role as Michael Kelso on the well-known sitcom That 70s Show. But in real life, Kutcher isn’t even like Kelso. This actor and model is at the same time, a very successful investor.

    Ashton Kutcher is an investor too.

    He builds a financial portfolio worth more than his acting career has yielded to him.

    Ashton Kutcher’s current net worth is approximately $200 million. According to contracts available, about $25 – $30 million he was able to earn from his acting. The rest of his wealth comes from tech investments. 

    Ashton Kutcher’s earnings from movies & TV

    Ashton Kutcher has surely earned a lot of money from his acting.  But the majority of his income doesn’t come from that. Unfortunately, we have some information available, but most of it is private.  Okay, we know, for instance, Kutcher had a role in the movie Valentine’s Day that earned $110.4 million.

    The movie Dozen earned $136.6 million, No Strings Attached and Killers earned $70.6 million and $47.0 million earned at the box office.

    There is a lot of chance that Kutcher took a big part of the earning. Also, he was paid $800.000 per episode in the sitcom Two and a Half Men. And so that and so long. The information about how much an actor earned for a film or television role is private for many reasons. Even the information is made public, it is still difficult to tell precisely how much was paid. Let’s say that from the total net worth of Ashton Kutcher, around $30 million comes from television and movie roles.

    Ashton Kutcher as an investor

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    This guy is fairly unusual in the acting society. He has made clever investments and brought the attention of the investment community. Ashton Kutcher investor is very interested in science and technology. In the first place, the high-tech industry is very interesting to him

    One of his investments had a great influence on rideshare. Yes, you are right. Kutcher with his parents invested $500.000 in Uber on its beginning. Today, that $500,000 investment is worth $50 million.

    Kutcher, with Guy Oseary and Ron Burkle, founded a company named A-Grade investments. They invested $30 million and turn it into more than $250 million. According to Kutcher, he and his two other buddies like to invest in tech companies that show promise. 

    Just to mention a few, they already have invested in companies like Uber, Spotify, Airbnb, Muse, Soundcloud. 

    The interesting thing about Ashton Kutcher is that he is using Uber’s service. Practical? Marketing? Well, everything is possible but the truth is that he made a smart investment.

    A-Grade investments own some other companies too. We will point several: Nest, Gyft, Katango, GroupMe, Bufferbox, Summly, Socialcam,  Interaxon, SmartThings. The fact is that A-Grade, owned by Ashton Kutcher, Guy Oseary and Ron Burkle, has approximately 100 various important investments.

    Kutcher is still a young investor but he has a lot of years ahead to continue his investing. 

    He has also co-founded the investing tool Acorns that is connected to PayPal. The main benefit is that connection enables people to transfer their money once a month into the Acorns portfolio. Acorns portfolio further provides the software which buys investments shared with other investors. Why this is a benefit? Using this tool people can build a portfolio with very little money.

    The  Net Worth of Ashton Kutcher

    Ashton Kutcher’s net worth is about $200 million today.  His portfolio is something that even more experienced and an older investor could boast. Also, with his wife, Kutcher is dedicated to charity.

    We can admire him for his acting, but the true admiration comes for his sense of business. Respect!

    HERE you can find his advice about investing.

  • CGEX Will Shut Down Its Service In September

    CGEX Will Shut Down Its Service In September

    2 min read

    CGEX Will Shut Down Its Service
    CGEX (Coinone Global Exchange) will shut down its service

    CGEX (Coinone Global Exchange) will shut down its service in mid-September. This Malta-based crypto exchange started by main South Korean exchange Coinone, will end its service. CGEX started in October 2018. 

    According to an announcement on August 12, the exchange will shut down services at 2:00 a.m. UTC on September, 18 after only one year of working.

    Is CGEX facing setbacks?

    CGEX placed an assistance termination notice on the front page of its website. They mentioned that has decided that they can’t maintain service further.

    CGEX Will Shut Down Its Service

    In the announcement, CGEX informed its clients that all assets on user accounts have to be withdrawn by the closing date. The additional withdrawals will not be available after that date. They stated that the personal user data, along with transaction details, will be erased with the closing of service.

    Before shut down

    CGEX’s shut down follows after notice of temporary termination of trading and transaction services on the platform. Actually, on June 17, CGEX first stated that they would temporarily stop trading and deposit services to “prepare for a new paradigm change in cryptocurrency exchanges”. At the time they planned to launch a new trading platform. The exchange told that the new CGEX would be launched in Q3 2019.

    This shutdown is expected for a long time. Two months ago, the exchange suddenly halted trading operations. Well, this event isn’t new or unusual. Many exchanges have the same problem from time to time. But surprise arose when CGEX recommended their users to withdraw their holdings to avoid whatever possible losses.  The former pause was temporary, but this new statement looks like the end of CGEX. This exchange has advised its clients to get their actions in order before the end. 

    After the exchange closure, clients will not have the possibility to log in. Also, withdrawals and deposits will be unavailable. The client’s personal records will also be destroyed. Still, some will be kept which is an obligation to legal demands.

    More news about similar issues

    Major crypto exchange BitMEX announced yesterday (August, 19) that it will restrict access to its platform in Seychelles, Hong Kong, and Bermuda. This action came, as they announced, to ensure the security of funds and the stability of the exchange.

    The exchange restricted access from countries of its parent company, HDR Global Trading Limited. BitMex insists that this is a proactive step and noted, “This change will have no financial impact on the business and will affect very few people.”

    BitMEX noted that closing trading is part of a broader initiative, an effort to provide transparency to this field as it shifts to be more regulated. BitMEX is the second-largest cryptocurrency exchange. A BitMEX’s  24-hour trade volume is over $2.5 billion, according to CoinMarketCap.

    Also, Binance DEX, developed by crypto exchange Binance, blocked web interface access to users based in 29 countries.

    Who is next?

  • Europe’s banks will end Eonia the current interest rate benchmark

    Europe’s banks will end Eonia the current interest rate benchmark

    2 min read

    Eonia will not be interest rate benchmark

    A body advising ECB has warned the European Central Bank to be prepared to end Eonia interest rate benchmark. Eonia is currently used to price more than €24tn of derivatives, loans, and bonds, a body advising the European Central Bank has warned.

    To prevent markets to become more confusing and legal conflicting, it is necessary to shift away from the Eonia interest rate benchmark. That stated the head of the ECB’s working group supervising the transition for the Financial Times.

    Eonia involved in scandals

    Current interest rate benchmark Eonia caused plenty of scandals and market manipulations.  The consequence is ruined confidence in how the current benchmark is calculated.

    Eonia will not be interest rate benchmark

    Instead of Eonia, the €STR (ester) benchmark will be placed from the beginning of October. 

    “I am worried about complacency among market participants, especially as regards the change in the timing of the publication of Eonia, which takes place already on October 2 and creates very significant operational challenges,” said Steven van Rijswijk, the chief risk officer at Dutch bank ING.

    In July ECB Banking Supervision announced a letter to CEOs of important financial organizations about the global benchmark changes. That is mandated by FSB. The letter seeks insurance that companies’ senior managers and boards recognize the risks connected with the global benchmark changes. Also, it was asking them to take relevant steps to secure a stable change to alternative or reformed benchmark rates. All that before the deadline, previously settled for the end of 2021.

    The ECB letter also pointed out that some modifications in the methodology for relevant benchmark rates will be added in October 2019. 

    In the financial crisis peaks, banks were punished billions of dollars.

    Some bankers were sentenced for manipulating interest rate benchmarks like Libor, Euribor and Eonia. The majority of the benchmarks are replaced or completely restored.

    Europe has already hesitated the Eonia replacement for several years. That’s why slowdowns in other countries like the US and UK in securing the shift. Along with switching to the new €STR standard, market participants would have to adapt to a timing change. The new transition rate will be published by the ECB at 9:15 am UK time not the prior evening as it was since now.

    For the next two years, both €STR and the transition Eonia rate will be published alongside. Eonia will be totally removed at the start of 2022. The transition rate will be priced at an 8.5 basis point discount to Eonia.

    The transition could influence the financial organizations for the value of derivatives and other products. The working group had written to the International Accounting Standards Board, which is supposed to decide on the case in the upcoming months.

    “Millions of contracts need to be changed,” said Mr van Rijswijk. “That will cost quite a bit of money.” He calculated that institutions need to adjust their IT systems and correct data, procedures, and structures.

  • Who is Satoshi Nakamoto?

    Who is Satoshi Nakamoto?

    Who is Satoshi Nakamoto?

     

    Who is Satoshi Nakamoto? This is the beginning of the fairytale.

    Who is Satoshi Nakamoto?

     

    What Nakamoto revealed about himself in Part 1 of “My Reveal” is disappointing. 

    This revelation announced with fanfares and bongos but looks like another marketing campaign. First of all, it is structured as billion call-to-trust-me campaigns or buy-this-shit-because-I-know-you-are-stupid.

    This self-declared Satoshi Nakamoto overpromised. And the most interesting part of all this, no one in the crypto ecosystem isn’t surprised. 

    We still don’t know his/her real name nor we can see the photo. Will it come with Part 3? Or maybe never? 

    This “big reveal” is more a “big lie” because we are still far away from knowing who is hidden under the name of Satoshi Nakamoto.

    All we know is that his nickname is Shaikho and that is Pakistani name. He kidded that he’ll reveal his real-life identity on August 20.

    That should be Part 3? Right?

    Who is Satoshi Nakamoto?

    Let’s see what this Satoshi Nakamoto revealed about himself.

    Under the title “My Reveal”,  this “Satoshi” gave his alleged origin story, some fairytale about the Bitcoin’s name background. Now, we know his ideology (a very important matter for Bitcoin’s existence, indeed). Oh, yes! This person, or whoever created that blogpost, pointed the relationship to Bitcoin pioneer Hal Finney (already known fact, so nothing new).

    “Satoshi” now allegedly lives in the U.K. and he is the son of a banker who had worked at a Pakistani multinational bank. And his name is unknown too.

    Some of his/her claims are so similar to the declarations of Craig Wright, the other self-proclaimed Nakamoto.

    For example this part from “My Reveal”:

    “Today, when Bitcoin is understood by the advances of technology, but at the same time is being hijacked by greed, I feel I have a duty to work hard and make my creation better and take its vision to the next level.”

    And this so romantic tale about how Bitcoin got its name. That has to touch our souls, right?

    Take a look at the logic behind this reveal. Cryptocurrency analyst Ledger Status noted that as Satoshi was a master of logic, and the only way he would truly reveal himself is by signing the Bitcoin genesis block.

     

    Also, the @BTC Twitter handle stated that “Anyone that tells you they are Satoshi Nakamoto is a scammer”.

    Do you remember how a very alike “reveal” happened but was nothing more than a stupid marketing campaign?

    On Friday, a lot of paid press releases were issued arising from a company named Satoshi Nakamoto Renaissance Holdings. A company’s big “reveal” happened on Sunday, August 18. 

    And we got it. Part 1 of “My Reveal” by still self-proclaimed Satoshi Nakamoto. We yet don’t have any reliable evidence that it is he or she, the creator of Bitcoin. 

    We are suspecting that part 2 will be something better and provide us a closer insight at who Satoshi Nakamoto is. First of all, we have one simple question: How he/she has lost access to the coins and cannot move them?

    What if all this is another marketing campaign with the foggy goal? Maybe some money-need can be behind this. What do you think?

    Okay, we will wait for the end of this fairytale. Maybe, they’ll be happily married.

     

  • The Truth About Forex Trading

    The Truth About Forex Trading

    4 min read

    (Updated November 2021)

    Traders-Paradise got (and still get) a lot of emails with the questions: What is the truth about Forex trading? or Can you tell me the truth about Forex? or Tell me, please, is Forex profitable or it is a myth?

    Okay, people, it’s time to tell you things that nobody will ever tell in one place. 

    First of all, the vast websites you visited searching for the answer to the question above, are sites with some Forex offers. Doesn’t matter if it is a brokerage, exchanges, system, signal providers, strategies, platforms. They all have one common interest: to present you only THE BEST. Their goal is to sell you their products. There is nothing bad in their goals and intentions, but you must be aware that some things will always stay covered and hidden from you. Until you build your own experiences. 

    We are giving you the shortcuts because all of us were struggling while we were novices in Forex trading. Actually, our struggle begins before we enter the Forex trading. Just thinking, measuring, asking, searching is struggle itself. And, still, you will find several sites or people ready to tell you the truth about Forex trading. Just because there are some characteristics to trading that the majority will never like to talk about.

    And yes, those features of Forex trading are ugly. Some are evil and scary. But Traders-Paradise’s opinion is that we have to talk about everything, doesn’t matter if it is nice and affirmative or ugly and not-so-nice subjects.  

    We will share what we know to answer you what is the truth about Forex trading. 

    Just to give you a clear path to decide if Forex trading is for you or not. The benefits you already know, you can make a fortune trading Forex but we want to show you the other side of the same medal. One thing you must keep in your mind: none of us is going to tell you to give up. 

    Based on our personal experiences, the most common misconception is that you have to be some math geek if you want to trade Forex. Yes, it is beneficial if you can understand the math behind your trades but you don’t need to be genius for that. This has to be said, a lot of very successful traders never even started high education. Have you ever heard about some Forex trading college or university? Of course not. Because if you want to be a successful Forex trader you must have particular skills. You don’t need a diploma. Speaking about those skills, for the profitable Forex trader is more useful to be a strong personality, not to get panicked when trades go in an unexpected direction. If you are nervous and without self-confidence, then Forex trading isn’t for you.  

    Yes, numerous and complex trading strategies are out there. 

    The Truth About Forex Trading

    And indicators, charts. OMG, Forex is for Nikola Tesla, not for me! 

    Just stay calm! The ability of self-control is more important. Forex markets are endless tension. Your nerves are what is really in a count, not your math knowledge. 

    Traders-Paradise will reveal you a secret. The winning traders very often practice one trading system. They learned that system, tested it on some demo account for several months, started the real Forex trades and VOILA! Their result is verified, the system is working, they have profit, so why change anything?

    The other thing we would like to share with you is the fact that in Forex trading your entry and exit points are irrelevant. Sound like a blasphemy, right? Imagine us, we are laughing! Because it is the truth about Forex trading. How the mentioned points are important if you can place your trade while sitting in a restaurant with your friends or walking. All you have to do is to take your phone in your hand and start to trade, whenever you want. Sound crazy? 

    Wait, there are more!

    We have heard so many times that humans generally are not good at trading. 

    The truth is that some are better. 

    Being a successful trader doesn’t mean that someone is naturally predisposed for that. That isn’t something the mother will give you with a birth. 

    What you have to do is to start thinking that you have to fight with the market. Just like in flight or fight situation. Imagine that the market wants to still all the money you placed there. 

    What does your brain tell you? Flight! 

    No, never if the Forex trading is for you. Your brain should command you – FIGHT! While you are sitting in front of your computer, you have to be the fighter. Or you will gain the loss. Whoever loses a profit, gets a loss. (That is wise, we should spread this sentence all over the world.)

    When we are pushing the buttons to place our trades, actually we are pulling the triggers. On our brain’s command. And here is the trick. Our brains will send us variously commands. That’s why you must have a plan. It is a battlefield, you cannot just run around and shoot. That’s when you are afraid or you are disoriented. 

    To have winning trades you must have a logical plan while trading Forex. If you don’t, you are 100% losers.

    One of the biggest lies about Forex trading is that some traders keep 100% successful trades. 

    No one can ever guarantee 100% success rate, no person and no algorithmic application

    This truth about Forex trading you will find nowhere else: 

    Do you know how some brokers or signal providers, or strategy sellers want you to believe that they have a magic weapon for the markets? That’s a lie. They are lying to you. Trading isn’t so easy.

    It may take years until you be able to gain a permanent profit from trading. Our aim is not to frighten you, but this is the truth. You will need months and years of analysis, testing and error corrections to be professional traders.

    The biggest truth about Forex trading is that you don’t need superior software or multiple trading screen setups to be a prosperous trader. This is something that no one will tell you. Especially trading websites. All you need is a device with full access to some free charting app. 

    Remember, the most powerful tool in your trading armory is your brain, not trading software. Some very simple and cheap but user-friendly software can provide you more benefits than a robust one. Remember this. 

    Traders-Paradise revealed you the most hidden secrets about Forex trading and told you the whole truth and nothing but the truth.

    Happy trading from Traders-Paradise Team!

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  • Tom next what is it – explanation with examples

    Tom next what is it – explanation with examples

    3 min read

    by Gorica Gligorijevic

    Tom next is a short-term transaction in foreign exchange when you buy and sell currency together over two separate days. Actually, it is a business day we are talking about. One day is tomorrow in the sense of one business day. The following day in sense of two business days from today is known as the spot date.

    The main aim of this transaction is the traders and investors keep their position and are not forced to exercise real delivery. 

    So, suppose you already know that in the Forex market, each transaction carries an attached value date. That is the date when buying or selling activities will hit their value. The value date happens 2 business days after the transaction is executed. The profit or loss generated by the buying and selling is settled into a particular account.

    To be more clear, when you take a position in a currency it is expected that you will deliver the currency in two days. But, a lot of Forex traders are gambling and don’t even think of taking delivery on the currency. 

    That is the point where tom next comes to the scene.

    If you open and close a position in the same business day, the value dates will be identical for every transaction. Your positions will not be carried over into the next day. Your payment has already been accomplished and will complete on the same value date.

    In currency trade, delivery happens two days after the date of the transaction. Tom next trade occurs because the majority of currency traders want their positions to be rolled-over daily. Their goal is not taking delivery.

    The purpose of tom next is to restrict traders from having to take delivery of currency and keep their forex positions open to the next day.

    Like stocks, forex trades end when the trader takes delivery of the asset. In forex, the delivery day is two days after any transaction. That is the spot date, but tom-next can be applied to prolong the trade after this date. So, the position will be extended by using tom next and you’ll be able to swap any overnight positions for an equal contract that begins the next day. The difference between these two arrangements is the tom next adjustment rate.

    So, this simultaneous transaction is a Forex swap. 

    Depending on what currency you hold, you’ll be charged or earn a premium. If you are holding high yielding currencies you will roll it over at a more pleasant rate (minimum is the best) because of the interest rate differential. This differential is the cost of “carry”. 

    For example, if two currencies have the same interest rates, they will be swapped at an identical rate. 

    If you choose not to roll over your position you will be forced to take delivery of that currency. Well, this is unusual, so the tom next transaction is basically the prolongation of your position.

    The policy of rolling a position over is more valuable in commodities trading. If it is not finished, you will be left with the delivery of the underlying assets. 

    Tom next what is it - explanation with examplesHow does it work?

    Your broker will swap or rollover your position for a new deal that starts the next day. The final result is an adjustment, higher or under, to the opening price for your position on the next day. You will see a tiny difference in the opening price from one day to another day.

    Your broker will debit or credit your trading account depending on the change in interest rate. Let’s say you are long with a currency with a higher interest rate.

    What your broker will do?

    Your broker may credit your account with interest payments. However, if you are long with a currency with a lower interest rate,  your broker will pay interest payments from your account.

    A tom next will not be applied if you close the position the same day before 17:00 EST. How? There is no overnight delivery involved.

    How do you calculate tom next?

    The calculation is based on the closing level of the former position, and the change in interest. Swap points plus any interest on your unrealized profit or loss will produce the change on your account.

    Rollovers that appear on Wednesday will have an added two days worth of interest. You know, for the weekends the banks are not working, so the broker will automatically credit or debit your account. 

    Tom next example

    For example, you are long USD/EUR at rollover and the average entry price is 120.00. In this case, you select to hold your position. Let’s say, just for the purpose of this example, the quote for the tom next swap points received from the bank is 0.025 – 0.012.

    What will happen? Do you remember, this is a simultaneous transaction?  

    A rollover, your broker will sell and buy USD, and at the same time buy and sell EUR. The final result is that you get a bid rate of 0.012 in your favor. The average price of your position will diminish by the number of Tom-next swap points.

    The  adjusted price of your position will be 

    120.00-0.012 =119.988

    Tom next adjustment is used to calculating the overnight funding charge on your trading position. You have to pay it if you want to keep your trade open for more than one business day.

    The rates can be changed on a daily basis because they are based on the underlying market price.

    If you want to buy a currency with a higher interest rate, you will get an interest payment. Hence, if you choose to buy a currency with a lower interest rate, you will pay interest. This payment is known as the cost of carry.

    You might also like:

    >>> Best Trading Strategy Without Indicators In Forex

    >>> How to Use Technical Indicators to Analyze Stocks?

    >>> MACD Indicator – Moving Average Convergence Divergence

    >>> Indicator Trading And How To Use It

    >>> P/E Ratio An Quick Method to Value a Stock

     

  • Satoshi Nakamoto to Reveal Identity

    Satoshi Nakamoto to Reveal Identity

    Satoshi Nakamoto to Reveal Identity
    Who is a real Satoshi Nakamoto?

    By Traders-Paradise Team

    Who is Satoshi Nakamoto? What is the origin of the iconic pseudonym? Who is behind it? How Bitcoin got this name?

    Curiosity will probably be satisfied soon. All we have to do is to wait for the next several hours. And to check www.SatoshiNRH.com where Nakamoto plans to reveal his/her or group’s identity under the topic “My reveal”. Also, the address where you can check it and read it is www.ivymclemore.com.

    Satoshi Nakamoto’s silence will be broken on Sunday, August 18,  at 4 pm EDT (Eastern time zone).
    The promise or decision came after 10 years of anonymity and creating one of the biggest mysteries in the past decade.

    Our source claims that Nakamoto will reveal his real identity but in this three-part series he will reveal his education, origins, professional education. Also, it will be interesting to find out why his 980,000 bitcoins are still untouched. 

    All about Satoshi Nakamoto

    Nakamoto will explain the role of his dedication to Chaldean numerology and how that influenced his decision to create Bitcoin.

    The enigma is why he decided to reveal all these things including his identity today, August 18, on the day when he registered bitcoin.org  through AnonymousSpeech.com. But he promised he will explain
    The grand finale or culmination of the revelation of this secretiveness should happen on Tuesday in the third part. That will be an introduction of Tabula Rasa, Nakamoto’s vision for Bitcoin’s rebirth all along with the full announcement of his identity.

    So, let’s say the first two parts on Sunday and Monday, are for warming the curiosity.

    According to Ivy McLemore & Associates:

    “Indicative of the compelling evidence he presents in each part of the series, Nakamoto will illustrate the role that ciphers and encryption-related to his devotion to Chaldean numerology played in many decisions in his creation of Bitcoin.”

    Satoshi Nakamoto to Reveal Identity
    Bitcoin code

    So, we will see.

    We found interesting reactions to this news. Forums are burning, social networks too. Everyone has some top secret info. We will point just a few of them:

    “Satoshi” is most likely a state, intel or oligarch level private entity that will never be revealed and is likely not just one individual considering the bitcoin paper release coincided with the Great Recession.
    Great Recession cliff was 15 Sept 2008.

    Bitcoin paper was first published on 31 October 2008.

    Even if “Satoshi” was to do a transaction I’d figure the person would be a front person for that entity anyways. The engineers that built it for this entity are already probably suicided or intel themselves.”

    “The fact the entity hired a PR firm and has the sole goal of pushing a new company/product, even if it were the real person, means it is not the real person.” 

    BTW, this is clever, “Ivy McLemore & Associates” is a marketing agency.

    Never mind, the only several hours are between our questions and his answers.

    Traders-Paradise will also follow @SatoshiNRH on Twitter.

    And we will all know if this is a marketing trick or real reveal of a mysterious identity the father of Bitcoin.