Author: Editor

Binary Options – Everything You Wanted To Know About, But You Hesitated To Ask

2 min read

Binary options are very risky. Nowadays, the investment market is very unpredictable. People simply don’t know where to invest. They are a lot insecure for a number of reasons: the unstable industry and the crisis in which currency is currently. What do most people want? They want to make money quickly and easily, and the real question is it at all possible? How many times have you heard that a neighbor’s son lost all his money in a casino or that your colleague from school sells a house because he is a gambling addict? What if I tell you that there is another way to make money, to provide money to you and your loved ones? I’m not talking about investment strategies where you need big start-up capital and where you need to wait for years to make a profit.

Who would refuse the opportunity to make ”easy money”?

Well, there is no such thing called ”easy money” but there is something we can call ”fast money”. If you believe in it and you have guts to take the risk.

Many are willing to say that these are binary options and I would like to tell a few things about them to you.
So, let’s go!

First of all – What are BINARY OPTIONS?

About 10 years ago, the Chicago Board Options Exchange allowed private traders to use a wide range of instruments. Initially, binary options were only available to large US and European stock market traders. In the early days, the initial capital was very large. In economic terms, binary options are a trading platform where the trader or his authorized representative makes predictions about the direction of the value of different assets.

Binary options, which are also known as digital options, have recently become one of the most popular trading tools. Each option is associated with a certain margin, i.e. stock, index, currency pair, or price of the primary product. The profit or loss of each option is determined by the fluctuations in the prices of the product or currency it is linked to.

Binary options have a predetermined, let me say, lifetime, which can be: an hour, 15 minutes, or only 60 seconds from the time of purchase. The difference in the price of goods between the time of entry and exit will determine whether the trade is successful or not.

Binary options profit

Binary options can offer some of the highest returns on trade among existing financial instruments. High profitability means that even one successful trade can help you significantly increase your initial investment. This also helps protect your capital. The greater the profitability of each individual trade – the greater the odds of making a profit in a series of trade.

But, you should always bear in your mind that trade profitability is proportional to the level of risk.

LEARN HOW TO TRADE

How to learn to trade binary options? This question is posed by all new traders. To understand how to successfully trade binary options, make money on them regularly and feel the satisfaction of working on financial markets, you will need some time and effort.

To start making money on binary options, you need to find a broker.

Our advice is: Read on this topic a lot, watch the snapshots, practice on a demo account.

You can find all necessary information on how to trade binary options on most trading platforms. Select value, expiration time, the direction of the movement and go!

Start with the simplest binary option “above / below“, with the most popular values – EUR / USD, oil, shares of Apple or Facebook. In fact, they are Up/Down option which can go by a few different names: High/Low, Above/Below, and Over/Under. It is the simplest and most common type of binary option.

If you choose a good broker, the support team will always help you 24/7. A good broker provides suitable methods for downloading money to allow you to quickly run a download request. A free demo account and training for beginners can help newcomers to learn quickly how to make money.

Remember our advice. Before you start trading, carefully examine and validate the theory in practice. You can do this only with the demo account.

It looks easy. But you must be very, very careful.

The legitimacy of binary options

First of all, the legitimacy of the operation is questionable, and it may operate in a slack regulatory jurisdiction. You don’t want it. Many trading sites are based in exotic island locations, so you have little legal recourse.
Second, even if it is legit and works in a well-regulated environment the chances to let acquiring fabulous wealth, are slim. Chances of you losing your money are enormous. These risks are spelled out in small print on the site, but they are intentionally understated.

Because of what I’m going to tell you now, I expect calls and comments: Traders Paradise, you can not write about us like that.

But I do not care. I have to express my opinion based on my experience with them.

I’m warning you about the unregistered Binary Options companies with their sleazy sales pitches that offer a 100% win rate system.
True is that some brokers may offer legit ways to trade Binary Options but be vigilant. On the internet, you can find plenty of testimonies of cheated people.

Speaking of the internet, binary options providers are especially dangerous because they understand how information spreads on the internet. For example, Googling phrases such as “are binary options a scam?” frequently directs users to websites operated by binary options companies.

I tried it! It’s true! They are doing that.

And remember, trading is at your own risk.

What do you think about a binary option? Share with us!

Read also why Mutual funds are an opportunity to make wealth

Risk Disclosure (read carefully!)

2nd July 2018
Cryptocurrencies Prices Stabilized Over The Weekend

1 min read

Cryptocurrencies prices stabilized over the weekend and Bitcoin is in the saddle again. It has regained an important technical level which could pave the way for further short-term rallies. Billions flowed back into the market after the latest brush with yearly lows.

According to CoinMarketCap, the value of all cryptocurrencies in circulation was nearly $257 billion, after the cryptocurrency market has recovered more than $20 billion in lost value this weekend.

Cryptocurrencies prices stabilized and Bitcoin and the major altcoins rebounded double digits on Saturday which was really the resurgence. Bitcoin was little changed on Sunday, as prices approached $6,400 after nine days of agony.The $6,400-$6,500 level is considered to be the next major resistance test for the bitcoin price.

Other cryptocurrencies also stabilized Sunday. Ethereum traded above $450, bitcoin cash held steady around $740 and Ripple XRP was virtually unchanged at $0.460.

Four years ago, when bitcoin dropped by as much as 80%, it took 300 days for the bottoming. This year, bitcoin’s 70% price collapse occurred over a much shorter span of 200 days which is a more accelerated version of the 2014 price collapse.

This has led to speculation that the cryptocurrency will experience a faster corrective rally than that previous one.
BitMEX CEO Arthur Hayes recently telling CNBC that a rally to $50,000 this year shouldn’t be ruled out.

BitMEX CEO Arthur Hayes recently telling CNBC that a rally to $50,000 this year shouldn’t be ruled out, which is a common opinion of fundamental analysts.

Disappointing June performance discounted a lot of positive developments in the market, including major developments on the regulatory front in places like South Korea or Malta. After the central bank barred financial institutions from dealing with virtual exchanges or their customers, India will propose a new cryptocurrency strategy as early as next week.

You might be interested: Cryptocurrency Stocks – The Best to Buy in 2019

Risk Disclosure (read carefully!)

2nd July 2018
Ripple – All You Need To Know

1 min read

Actually, I have something to admit. For me, Bitcoin remains the king of the cryptocurrency, especially when it comes to increasing prices and media attention. But there are other pretenders on the throne. and one of them is Ripple.

What is it, what is the difference from Bitcoin and why many do not recognize it as a cryptocurrency?

First of all, it should be explained that Ripple is not a cryptocurrency in the usual sense of the word. In fact, this is a settlement system that has become a faster, more transparent and secure alternative to the existing ones (for example, for the SWIFT system used by banks).

XRP, the so-called Ripple coins is used to facilitate transfers in different currencies. In existing settlement systems, the basis for the conversion is usually a USA dollar. That process is associated with additional costs and lasts for a long time and bank transfers between countries, often last up to 3 days.

Converting payments to XRP instead of dollars, the system saves inventory costs, and transaction processing takes a few seconds.

Many banks have shown interest in the new system and have already tested or implemented applications based on it.

How Ripple differs from Bitcoin

XRP is a token used to transfer values to the Ripple network. While bitcoins were created by mining, all 55 billion XRPs (often referred to as waves) were created by founders.

Every month, through a system of smart contracts, the market gets a billion tokens. In that sense, Ripple copes with the mechanism of gradually increasing the offer of bitcoins, but without the huge cost of electricity for mining.

Technically, it does not even use a blockchain in the usual way. The Ripple blockchain is not distributed over the network of computers, but it is stored on servers of trusted partners in the so-called “permitted” network. This means that it is not a decentralized system.

Ripple is not created as a resources of payment. In fact, it’s only purpose is to transfer values when converting other currencies (or commodities, such as gold or oil) through the Ripple network. Every time a bank or other organization uses it to transfer money or assets, a small amount of XRP is maintained.

How to invest in Ripple

Ripple has definitely taken its niche among the cryptocurrency world, and a large list of organizations that use it shows that tokens themselves will eventually get a great value. Last year, it overcame bitcoin and many other cryptocurrencies in terms of growth.

XRP is traded on Binance and Poloniex crypto exchange markets. As a rule, they can not be bought for plain money – first, you have to buy Bitcoin or Ethereum, and then convert them to Ripple.
Interest in Ripple from major financial institutions is an important indicator of its future value.

Risk Disclosure (read carefully!)

1st July 2018
Facebook Starts Accepting Cryptocurrency Ads Again!

1 min read

Facebook starts accepting cryptocurrency ads but retains the ban on advertising of ICO projects.

The policy from Facebook now requires cryptocurrency ads to apply to be listed on the platform, so Facebook will be able to examine their eligibility by verification details, licensing and whether the company is publicly traded.

That means, Facebook has changed its policy and allowed the advertising of cryptos, but the ban on advertising of ICO projects continues, the official statement said on Tuesday, June 26th.

On January this year, Facebook announced a new policy banning companies from advertising initial coin offerings (ICOs), binary options and cryptocurrencies on the platform. The ban on cryptocurrency ads stemmed from ICO scams and the lack of regulation.

Green light for cryptocurrency ads

The new statement said the company was looking for the best way to “preset” a ban on advertising cryptos “over the past few months” to “allow some commercials, but keeping in mind that they are safe.”

In Facebook’s changed policy now stands:

“Starting from June 26th, we will allow the advertising of cryptos and accompanying materials from previously approved persons. We will continue to prohibit commercials that promote binary options and ICO projects.”

The new policy requires from advertisers who want to advertise cryptos to submit a Facebook application in order to verify their business. The applicants must have the licenses they have collected, whether they can trade on public stock exchanges and other important information related to their business.

Bearing in mind these restrictions, Facebook acknowledges that not everyone will be able to advertise what they want. The company says it will listen to feedback from users and change the policy as needed. It is also said that the technology behind the cryptos will continue to be researched.

Facebook first banned cryptos in January 2018, which was aimed at “preventing advertisements promoting financial services that are often associated with frauds.”
Facebook states that the initial ban deliberately encompassed all aspects of the crypt of the world so that the company would have enough time to evaluate and isolate dangerous advertisers.

The reversal comes at a time with rumors that Facebook may be looking to acquire Coinbase. If the rumors are true, Facebook’s acquisition of Coinbase would give the industry a one-step closer to its legitimacy.

Facebook starts accepting cryptocurrency ads, what is next?

Risk Disclosure (read carefully!)

1st July 2018
Bitcoin Fell Under $6,000! Will It Be Totally Wiped Out?

1 min read

Bitcoin fell! Yes, Bitcoin reached its lowest level since November when it sank to $5,791.19 on Friday.
But experts say NO! Experts say this Bitcoin fell is only temporary.

For example, Brian Kelly of BKCM told CNBC that the reasons for the dip was much fold but largely because of tax selloffs, regulations on cryptocurrencies in Japan, exchanges being hacked, and $10 billion funding ICO’s.

“This is not the funeral for bitcoin whatsoever,” Kelly told CNBC. He also stressed that this isn’t unusual and said, “Let’s put this in perspective. Do you know where we were a year ago? $2,500.”

Contrary to him, trader Ran Neu-Ner said he expects Bitcoin to keep falling. The founder of OnChain Capital told CNBC that the price is likely to fall to $5,350 in the next week or two. He remained bullish on long-term investments in bitcoin and he told investors to consider two other coins.

“Right now my money is on the market continuing to go down,” he said.

Bitcoin fell, will it cause less mining

Earlier in June, he considered what miners will do in the next period.

“That’s where the miners look at this and go: ‘Is it actually worth keeping the machine on?”‘ Neu-Ner said. “Then we may see a very different game in mining.”

Bitcoin will soon reach a point where “miners find it’s not viable to mine. They’re going to switch off their machines.” He said many miners have already begun doing so.

Despite his own predicting, Neu-Ner described himself as a crypto bull. “If you understand the technology and you’re a bull, then now is a great time to be buying,” he said.

One of the staunchest Bitcoin proponents, Tom Lee of Fundstrat Global Advisors, reiterated a prediction that the asset would end the year around $25,000 during a Bloomberg interview. Bitcoin Foundation‘s Llew Claasen back in February said bitcoin would touch $40,000 by the end of this year, in a Business Insider interview.

Their words assure us this cryptocurrency will not disappear in a puff of smoke.

I believe them. Why?

That is the point of knowing the history.

Bitcoin had 4 crisis already and survived, stronger after each of them.

The first was July 2010, when he jumped from $ 0.008 to $ 0.08. The other was the “Big Bubble 2011”, from $ 0.06 to $ 31, then dropped to $ 5. The third was in April 2013, from $ 20 to $ 280, when Cypriot banks rescued floating client deposits. The fourth was a major crisis of the MtGox Stock Exchange in November 2013 when it jumped from $ 70 to $ 1,200, and a few months later it fell to $ 200.

That’s why experts aren’t worried one bit.

And you? What do you think? Let us know!

READ THIS: Why you should not invest in bitcoin under any circumstances

Risk Disclosure (read carefully!)

1st July 2018
EToro or Tradeo, That Is The Question?
We made a comparison

4 min read

***eToro USA LCC does not offer CFDs, only real Crypto assets available

eToro and Tradeo? It is very hard to make a decision about which broker suits you when you want to start trading or investing in cryptocurrencies. You can find a lot of offers but whom to trust? And that is the most powerful weapon in your hands. Freedom to check all of them. I suggest testing everyone who has a demo account.

OK, not exactly all, but let’s say the first 5 on the radar. In intention to help you, we will try to make a comparison between the brokers, eToro and Tradeo.

When you are reading reviews about both, you will find that both are reliable. But there are some PROS and CONS on both sides.

ABOUT Etoro and Tradeo

EToro is one of the largest currency trading companies operating currently in global financial markets. Forex eToro was established in 2007, its headquarters are located in Limassol (Cyprus) and this broker is a Cyprus Licensed and registered investment company.

Tradeo (registered in Cyprus) is not, strictly speaking, a broker in its own right, but a partner of FXGlobe Ltd, who are the actual providers of the brokerage services obtained through the Tradeo platform. They’re an STP brokerage (not a market maker), which means they don’t trade against you.

EToro is a leading social trading platform and takes advantage of the most advanced tools, advice, and support by top professionals.

Tradeo is not the first social trading platform, but they are one of the newest and most heavily invested in the social trading concept as the new wave of Forex’s future.

The fact that eToro has over 5 million users shows that their idea of social trading found it, enthusiasts, globally.
But Tradeo is one of the first trading platforms around that have fully integrated both trade execution and social trading functionality into the same interface.

After we were testing eToro and Tradeo with a smaller real account, we have some experience to share with you. So, let’s start!

Features

our preferred trading platform system is designed to be as user-friendly and transparent as possible. Terms are carefully explained, tutorials are readily available, and policies are straightforward.

Tradeo combines social trading with an advanced, synergistic trading platform, a platform that fully integrates both social and trade execution within the same visual interface.

eToro and Tradeo have enjoyable web and mobile trading platforms and good social trading experience.
To open a real account on eToro, the amount you need to deposit vary across countries and with Tradeo it is €100 but both have free accounts. Tradeo wins this round.

On Tradeo signing up is easier since only one sign up is required.

We have to say that social trading as a form of trading has been largely confined to platforms like eToro or ZuluTrade. That was the case until the introduction of Tradeo’s social trading network, which gave social traders an alternative social platform to trade on.

The eToro ‘Copy Portfolio’ platform allows traders to copy what they refer to as Popular Investors. By following the trends and decisions of experienced traders, newcomers can make a profit without having to learn all the complexities involved. (Also, through the eToro trade copier venue, popular investors are rewarded for sharing their expertise, making this market an effortless second income for veteran traders.)

But Tradeo went a step further. You can follow experienced traders on Tradeo too. One of the unique features of the Tradeo social trading platform is that additional commentary is provided that explains the strategic moves of one’s choice of partner. In other words, a trader may learn as he/she goes along with each mirrored trade. They can chat directly, just like Facebook, with traders that have a wall where they can see what your “friends” are doing. Automatic stop-losses may also be set for added protection.

EToro and Tradeo both have a fast and seamless account opening process, as we already said a bit simpler on Tradeo.

SUPPORT SERVICE

our preferred trading platform support service is not available 24/7 and traders have many difficulties to contact acc officers especially if they don’t live in the same time zone. EToro doesn’t provide live chat (you have to fill the ticket and wait for an answer but not too long) and it is a problem for some traders.

Tradeo highlights its reliability is the quality of their customer support service. To provide their clients with unfettered access to the support services, Tradeo has made their support services available on a 24 hours basis. This means regardless of the time of day, a trader can always request assistance from the support staff at Tradeo. Access to their support services is enhanced by the fact that traders can communicate with the support team through email, live chat, or the telephone.

Both offer multilingual communication.

Free demo account

Both have unlimited FREE DEMO ACCOUNTS. EToro with $100,000 paper money and Tradeo with $50,000 paper money.

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider
whether you can afford to take the high risk of losing your money.

eToro and Tradeo platforms are easy to use and the withdrawal process is fast (account opening is completely hassle-free and super fast).

Both brokers have acc managers who are a real asset and always available, along with great info, but eToro doesn’t provide live chat.

But something has to be NOT GOOD 🙂

our preferred trading platform CONS:
1. Their spreads are slightly more than with most other brokers and their trading platform isn’t as advanced as offered by other brokers.
2. The data eToro provides is not completely transparent.
3. You cannot download or view the full trading history of the traders you may want to copy and the performance statistics only go back for 1 year.
4. The disclosed deadlines are long and you should expect them to be even longer than it is disclosed (instead 5 you can wait up to 10 days)
5. Does not accept Bitcoin deposits/withdrawals
6. Limited cryptocurrency listings
7. No live chat with customers according to testimonials
8. The financial offices are not located in different time zones, which makes communication difficult for the customers
Tradeo’s CONS:
1. Only One Account
2. Limited Payment Options
3. Currently not so developed community
4. High spreads
5. There is a slim column at the bottom of the page for opening an account somewhat slightly annoying. It pops up on almost every page and often interferes with the rest of the information posted there.
6. Salespeople can be pushy
7. The company refrains from publishing exemplary spreads – customers with an interest in this matter must ask support for a current listing.
We recommend you to read this too: How to find and use the best online stocks trading platforms?

IMPORTANT BENEFITS of eToro and Tradeo

Tradeo has a Live stream of trading signals that allows you to view what other traders are buying and selling in real-time and also Live market notification that keeps up-to-date with market movements and improves your trading decisions.

Tradeo has Social WebTrader, an advanced trading platform, layered with social data such as technical indicators and analysis, social charts, one-click trading, free trading signals. And there is one feature that makes the Tradeo’s social chart a little special: Real sentiment and volume indicators which may be switched on or off at any time. This is true data showing where the majority of Tradeo’s clients have their positions on any given currency pair, and how much is being traded through the brokerage. These can be powerful tools for traders who know how to use them.

our preferred trading platform Social Trading features are by large the most evolved in the field.

All traders have a public profile, which can be freely viewed, where several data of past performances can be found. Everyone can follow everyone else, just like all trades can be replicated. Even someone who has never manually opened a trade, by simply replicating other’s trades, can be copied (maybe even you, one day).
Even though it has been improved since the users’ performance view is still not at the same level as the other companies in the field.

But let the traders speak for themselves. Here are some testimonies.

They said about eToro:

* EToro is simply the best and easy to use for newcomers. There is a difference between losing because you made the wrong decisions and a poor site. Most of the comments on this site tell me more about a poor loser than eToro.
* It is the worst platform I came across, freezes 2-6 hours every week during peak times.
* Poor execution (always 8-10 pip delay for execution on top of spreads). You cannot do market orders and have to wait to manually open trades and when you open you lose out 8-10 pips due to poor execution. There is no trailing stops either.
* It seems pretty impossible to reach a customer service representative.

They said about Tradeo:

* I was heavily scammed by Banc de Binary. I won them finally but without help of Tradeo I would not have done it. Guys from Tradeo told me one thing that no regular trader knows. Regulated brokers are not allowed to give signals. That is strictly prohibited in terms of licence but however they do it. That was the main reason I got a positive decision from the Ombudsman of Cyprus and even after that it took about half a year of fight to get my money back. I highly recommend Tradeo as a reliable broker.
* I started with Tradeo 2 months ago. Since then I had really good support. I like the social features and that you can copy other traders. Of course it is not always 100 % profits, but it far better results than if I was trading on my own. I made withdraw 1 week ago and 3 days after I received it without fees. So based on my experience till now I recommend Tradeo both hands.
* I am very satisfied with the attention. Complete users expectation. I received good bases to use the platform, good explanations and customer support. Fast transactions every time I wanted to withdraw money. Highly recommended!
* I got insulted by their sales people after repeating call because I was not interested after testing the demo.

FINAL WORDS

eToro would have scored higher if it was listed on a stock exchange or provided more transparency about its financials. Based on our research and testing we think eToro is not a scam, it is an honest business with regular operation problems. And we hope they will solve them.

Tradeo is one of the better ‘trading platforms’ in terms of social interaction features offered. Wonderful for beginners. Hence Tradeo is more suited to active traders who enjoy engaging with others than passive investors who just want to copy other traders without monitoring their positions.

We hope that this article was helpful to you. If it is that case, feel free to share it with others.

You might like to know Why Are There People Who Profit In Trading?

ETORO DISCLAIMER:

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down.
Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and
you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
29th June 2018
Why Are There People Who Profit In Trading?
Are They Smarter Than You? Be one of 8 percent.

3 min read

Each of us would like to be successful in what he is doing. It’s natural. Each one of us has asked himself several times in life: Why some person is successful and someone is not?

There is a study by the University of Scranton (Pennsylvania, United States) that says that only 8 out of 100 people manage to achieve their goals. I believe that every one of us, at least once in life, has found her/himself among these 8%.

If you are not satisfied with your success, look at what successful people are doing.

The difference between successful and unsuccessful people is reduced to the difference in their habits.

Eh .. now! Let’s talk about whether successful traders are smarter than us.

Why are there people who profit in trading?

You were thinking about becoming a currency trader, but are you discouraged at the very beginning by the fact that you are not sufficiently educated in the field of finance?

Or you think that you simply can’t be a successful trader if you don’t have previous experience in working in finance?

If you think that way, you are wrong!

On the market exists and successfully works a huge number of people without formal financial education, who started off without a big initial capital, and also did not work in a team of analysts like banks such as Goldman Sachs.

People who profit in trading

If we analyze entrepreneurs as people who have gathered the courage to enter the raw world of capitalism on one side and traders who independently trade currencies on the other, we will find plenty of similarities between them. Both of them invested their money and took the risk of their actions. From this point of view, for the people who profit in trading, trade is just one type of business, not a gamble or betting. As in any other business, in order to achieve maximum profit, it is necessary to possess certain skills.

The skills of successful traders

First of all, I want to remind you that real traders do not start from the idea that they can become millionaires overnight, but from the idea of securing a stable and regular income. Sustainability and consistency are key factors in this business. Therefore, certain rules should be followed:
1. Define a trading system
Under the trading system, we mean a set of rules that you must respect when opening/closing a position. Whether you get to the right system through a series of unsuccessful attempts and a random hit, or you will use some of the existing systems and recommendations for creating a trading system, it’s your own decision. The advantage of creating your own system is that you can adapt it to your own needs, your personality and psychological characteristics. However, if you move “from scratch” this job will cost you a lot of time and money. Instead, the advantage of using a “borrowed” system lies in the fact that your adaptation and adjustment to your needs will cost you considerably less.
1. Basically, everything is hard work
I’m sure you have been in a situation to hear comments that the trader’s job is exactly what one wants to do. You do not have a strict job or working hours, you can work from anywhere in the world, you can be on the beach, have a cocktail and trade, or in a Jacuzzi in a magnificent hotel. You only need a laptop or smartphone with an internet connection. However, there is also the other side of the medal, and it is the mental effort that needs to be invested in this business so that it can be profitable. You will rarely be able to read about it. Remember that success is hard and hard to succeed. Work, discipline and patience. That’s what’s needed. That’s what’s worth. Hard work and sacrifice. Without it, there is no profit. Cocktails on the beach are just great commercials.
1. A set of skills
Trade was never a prediction game. First of all, nobody knows what will happen in the future. The currency trade can be somewhat comparable to the game of imitation. Your job is to monitor, monitor, monitor, analyze, and try to identify the psychology and way of thinking of the main participants in the market. Traders follow the movement, but they don’t deal with predicting the future.

To succeed, you will have to learn to think differently from most people. The vast majority (over 90%) represent a group of people known as “losers”. Moreover, to win, you need to know more than 90% of others. It’s not easy, but it’s feasible.

Avoid these mistakes

Three most common mistakes that traders make are:

The first mistake, they don’t test their forex trading strategy. They find a strategy somewhere and decide that this system is right for them and start trading with real money with the help of it. Unfortunately, even if the system is profitable, for new dealers is very difficult to make intelligent decisions in trading if they have not tested the system for themselves before.

Another mistake made by traders is that when they have a closed-to-minus trade or a few failed trading, they are leaving the current strategy and looking for “better.” This is related to the above mentioned first mistake. If you’ve proved to yourself that the strategy is profitable, then why should you ask for another method? The fact is that every system or strategy will have trades closed in the minus. This is something that is normal to happen and just because it happened does not mean that you have to change the strategy!

The most common mistake

The third mistake and it is very common for many traders, is to risk too much in the trade. They have read about the strategy and feel that they have understood it fully and then jump into the market by risking 10 or more percent of their account in the hope that they will get a lot of money and earn a lot. To repeat, Forex trading does not work that way. Imagine yourself and your emotions that you would spend to lose 10% of your order in a single trade.

Also, for the psychology of trading, the following is also of great importance:

– Monitor the global trend
– Don’t run for profit/loss ratio
– Replace the strategy
– Change focus
– Reverse the direction of trade
– Consecutive trading
– Lack of evaluation of the plan and strategy

And learn. Continuous learning is a habit of success. Even when you are tracking successful traders, you actually learn from them. Hence, that’s how you will become one of the people who profit in trading.

You would like to read Forex Trading – Simple Tricks to Master it

Risk Disclosure (read carefully!)
29th June 2018
Just 5 F***ing Minutes In Trading To Find What BS Is

Start with a small amount if you do not have a lot of money.
Stop on what you consider to be the last stop.

2 min read

These are the best trading tips you’ll ever get. Remember this:

* When the market is sinking rapidly – buy.
* But when it rises, place a stop order at the price of the purchase.
* Each time the value rises to $100, move the stop for $100. Follow the trend. Every time you move your stop, it protects your profit. Follow the trend until the momentum is lost or until everything is reversed.
* Do not try to predict the climax. Continue moving the stop order point.
* Stop on what you consider to be the last stop.

So, you want to enter the crypto-trading? You do not want some small 10% ROI after a year on a regular old stock market because it’s for grandparents and old people. Or you want to quit your business with a middle finger and immediately start trading cryptos. Okay!

Maybe it’s your dream to become Gordon “greed is good” Gekko, or Jordan Belfort, a Wolf from Wall Street? Or you may want to blow up and do not want anything less than a yacht, a villa and a girl in a bikini scrambling around one of your pools. All this and even more FULLY can be yours! Find how HERE

Are you ready to turn your dreams into reality?

Cryptocurrencies have some of the best ROI in history (ROI = return on investment) and you have a great opportunity to earn good money.

How to make money with cryptos?

Stories like “… I invested all my money in Ethereum (and so are all my friends) …” they are fun at some level (students can afford some risks because if they lose everything they will have a lot of remaining life to recover later).

On the Internet, you could read the announcement of a person who pawned his car because he wanted to enter the “shit coin pump” where traders gather and buy like crazy to inflate a collapse of crypto. Before it falls on idiots. Of course, he lost all the cryptos and his wife kicked him out. This is not good and you do not want to be that guy.

FIRST QUESTION

“Do you have enough money to invest?”, is the first thing you need to ask yourself because if you have extra money, you would be surprised what you can do with it.

Start with a small amount if you do not have a lot of money. Careful. You should only invest money that you can afford to lose.

Of course, nothing stops you to take a loan, sell a cottage, another apartment, a wife’s car, something that you do not need anyway. It will be hard not to make money. The crypto will not disappear as the Internet has not disappeared.

SECOND QUESTION

“Are you a buy-and-keep, or a trader?” This is the second question that you need to ask yourself when trading with crypto. Because these are two completely different things.

Simply, just buy and keep is the right strategy for most people. You should get some of the famous cryptos like Bitcoin, Litecoin, or Ethereum, put them in cold storage and forget about them. Do not read the news and do not worry about wild swings or predictions of a collapse from the ”yellow” press.

But if you want to trade cryptos, this is something else, because that means looking for information on how to enter and exit the market. We recommend you to do some research before you accidentally select some cryptos and look at their charts because otherwise you will trade blindly and you don’t want that. The rules of the game are basic, but it’s important to remember:

Buy cheap, sell more expensive!

There are two parts: earning money and keeping! Most people fall and burn in the second part because everyone earns money and then immediately invests it further. Trading with crypto is like a golden fever! You are like the conqueror of new territories.

You enjoy the excitement that is better than sex.

However, it is brutal in the days when you are losing. You will lose money, friends, hair, you will be unsatisfied, angry, depressed and distracted. Remember, you play against the maniac and sadistic “mind” of the market, and against yourself. Your system of belief, emotion, and mental power works against you. Markets and people are not rational. First of all, we all have partial information like in the fog, because the information isn’t near evenly distributed. We all have different degrees of ability to process this information, which means that we are all at some point stupid. We all own distorted mental heuristics and a stupid system of belief.

Being “right” when you are actually wrong is a great way to lose your money.

The reasons why new traders are losing are:

a) They trade without edge, in other words – they are gambling
b) Also, they are trading on a lot
c) And they’re trading low-value things

Trading with crypto is like juggling with a cobra! So if you’re not a professional trader, do not do these things. Crypto markets are moving at the speed of video games and you can easily lose money.

Does this mean you should not trade cryptos? It’s not about it. We enjoy trading!

You should too!

Risk Disclosure (read carefully!)

28th June 2018
What is needed to trade on Forex?

Are you disciplined?

2 min read

What is needed to trade on Forex? To come to the answer we must clear several things.

CONCEPT OF FOREX TRADING

Forex represents the foreign exchange/currency market. The word forex itself is made of two English words: foreign and exchange and signifies the purchase of currencies from different countries.

Unlike other stock exchanges, Forex does not have its physical seat in a city. It exists in an electronic network consisting of large financial institutions.

Today, Forex is the largest financial market, which has a daily turnover of around $ 5.5 trillion a day.

You can complete this whole process online

The term currency market means the sale of one currency with the simultaneous purchase of the other. As currency pairs are traded, in order to profit from the shift in the exchange rate, you need to buy the currency that you think will strengthen and sell the other.

There is no need to wait for a growing market to profit. At any moment, one currency will strengthen in relation to the other.

The FX market is constantly creating opportunities for investment

What is needed to trade on Forex, the essential part

Since nothing concrete and tangible anything is bought and sold, this type of trade can be a little confusing. You should think that you are buying a part of the value of a country. If you buy a Japanese yen, you are buying a part of the Japanese economy that is in direct correlation with what the market thinks about the current and future health of the Japanese economy. Generally, the established exchange rate of the two currencies is a ratio that reflects the state of one economy in relation to the state of another economy (the state, the currency).

Forex is opened 24 hours a day, except on weekends, so that Sunday trading starts on Sunday from 21:15 CET and runs until Friday at 23:00 CET. During the day there are several time intervals that coincide with the working hours of the world’s largest stock markets.

Who trades on the Forex market?

Forex traders can be classified into two groups, hedgers and speculators.

Hedgers: governments, companies (importers and exporters) and some investors who are exposed to exchange rate changes.

Speculators: This group, which includes banks, funds, corporations, and individuals, creates artificial pressure on the course in order to profit from variations or price movements.

Basic terms

Pip
Represents a change in the ratio of the currency by one decimal. It is the smallest unit change course. Pip is the last decimal in a currency relationship

Stop and Limit – Orders
Often the trader wants to limit the loss in the position he has opened (in that case he sets the “stop” order) or wants to take profit at a certain level, which is acceptable to him (in this case he sets a “limit” order).

Long – Tremin used for the purchase order,
Short – tension used for a sales order,
Bid – bid price,
Ask – the price that is claimed,
Buy – Shopping,
Sell – sale,
Spread – the difference between the sale and purchase price,
Chart – graph
Time frame – time period,
Candlestick – Candlesticks show that emotion by visually representing the size of price moves with different colors.

What is needed to trade on Forex?

Before you start trading the currency, you need to open an account with a Forex broker. Our recommendation is that before you decide on trading on Forex, open a demo account with one of the brokers so that through the use of the platform, you will continue to monitor market activities and learn more.

Conditions for Success

You must have a good knowledge of technical and fundamental analysis, as well as managing your account. You should also know the psychological aspect of the trade and that you are disciplined. To be able to trade Forex successfully, there is a whole world of education, really extensive analysis and countless hours of tracking a very large number of relevant and potentially relevant information, all without any guarantee that the right decision will be made.

So once again, the investment rule has been confirmed: high risk must be taken to achieve high income.

To learn more about Forex trading follow Educational series HERE

Risk Disclosure (read carefully!)

28th June 2018
Following the Lead Traders – Good Or Bad For You?

Following the lead-traders is good but also can be very risky.

By Guy Avtalyon

Following the lead traders is good but also can be very risky. So, what to do?

I would be happy if the answer is so easy. Unfortunately, that’s a very difficult question and the answer is complex.

The first thing you have to make clear is, are you ready to take risks? How much and how long? Why do you trade?

Because on the basis of the answer you will choose the traders you will be following. There are very “playful” traders, people who are ready for enormous risk, and you are not ready to accept it. Their profit is sometimes very high, but the risk is huge.

Following the lead-traders is connected with some risks

Then, what you have to do?

First of all, you need good information.

You can use the information provided by other traders and you don’t have to learn all the required skills, yourself.
But how to recognize if the information is any good? Of course, you can’t believe everything you read. That means you have to test all the provided data or you decipher the charts. Even when you get all the information there is no guarantee that you will get it right. Why? Well, you know, even the best traders lie sometimes.

How can you be sure that a trader is good?

One of the most popular tools to evaluate a trader’s performance is community feedback. Successful traders usually have many followers and there will be a lot of helpful feedback you can use when you make the decision to take his advice or copy him or her. But be careful, a trader can be good but unpopular. Maybe someone doesn’t like his/her attitude, or simply because he didn’t get that 400% profit the users who copied him were counting on.

Is community feedback a good indicator that a trader is worth following

Community feedback can serve as an indicator, but not the only one.

You can find some platform that allows you to have a look at a trader’s investment history and current portfolio. There you can see how much they’ve gained (usually in %) so you can infer how good they are. That can be a good way to choose which trader to follow. But, in order to boost their ratings, they have to leave losing trades open. And if you see that a trader has many losing trades open, this is usually a bad sign.

One trader said he never takes a loss or a win. He just observes the result of his trading edge and moves onto the next. I would follow this trader because he has a great way to think!

Because we will never know with 100% certainty whether our next trade will win or lose. All we can do is implement our edge when the time is right. That means, let the random combination of wins and losses play out for some time. Simple as that.

Who is a successful trader?

In short, a successful trader takes the losing trades are a part of doing business.

The second thing is the portfolio. The portfolio can tell you a lot about a trader. Take a look and if you find he doesn’t have many opened losing trades, it’s quite possible that he knows what he’s doing.

You would like to know how A Trading Portfolio Should Look Like

You have to know whether or not a trader is trustworthy and competent enough for you to follow and copy him. If traders profile is not completed, this might indicate that the trader is relatively new, or that he doesn’t take too much interest in his own profile. And good trader who wants to be followed will take the time to complete his profile. It is important to know if a trader is using real money or virtual money before you start following the lead-traders. Anyone take huge risks with virtual money. So, don’t take any action before you have confirmed that real money is traded.

And a few words about risk management. You will be surprised at how sometimes people will risk much more than you would like. If you don’t like such surprises, make sure that you find someone with your level of risk management.

When you find the right people, there is still no guarantee that they will make you money.

When you start following the lead-traders, you must have in your mind one thing: if you choose the wrong people you will lose money. You have to find exactly what you’re looking for in order to get the best chance.

What you need to know before following the lead traders

You must know that success is never a straight line. Keep in mind that hard times are a time for growth. The times of struggle are an opportunity for you to find the discipline to stick to your proven edge.

The truth about lead traders, as in billionaire rich is:
1) Some of them grew up in middle-class families and some of them did not.
2) Most of them did not start trading with a lot of money.
3) They even had some funny jobs to start with

“The key is consistency and discipline. I don’t think anybody winds up making money in this business because they started out lucky.” stated legendary Richard Dennis.

“Always use stops,” said Michael Marcus who turned $30,000 into $80,000,000.

Following lead-traders should be helpful but you have to pay attention, really pay attention, who to follow.

28th June 2018