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  • Call for Ban on Crypto Buying and Mining In USA

    Call for Ban on Crypto Buying and Mining In USA

    1 min read

    Ban on crypto buying and mining

    U.S. Congressman Brad Sherman has called for a blanket ban on cryptocurrency buying. During the Wednesday hearing of a subcommittee for the House of Representatives Financial Services Committee, he went so far as to advocate keeping Americans out of the crypto market entirely and earlier in March this year, he called cryptocurrencies “a crock”

    “We should prohibit U.S. persons from buying or mining cryptocurrencies,” stated this California Democrat. And their largest donor is credit card processor Allied Wallet.

    Beyond cryptocurrencies being potentially used as a form of money in the future, it can currently be used by tax evaders and rogue states seeking to bypass U.S. sanctions, he added.

    Ban on crypto buying and mining in the USA?

    Norbert Michel, director for the Center for Data Analysis at the Heritage Foundation, pushed back against the idea that criminal use should define cryptocurrencies as a whole.

    “Yes it is true that criminals have used bitcoin, but it’s also true that criminals have used airplanes, computers and automobiles. We shouldn’t criminalize any of those instruments simply because criminals used them.” he said and added “Those components I believe are the main barriers to widespread adoption in the U.S.”

    The tale behind of ban on crypto buying and mining

    During the hearing, the topic was general monetary policy and history,  but the crypto-specific parts revealed a general opposition to the idea of a central bank digital currency (CBDC).

    Recap: central banks around the world have been explored the idea of using the technology concepts behind bitcoin and other cryptocurrencies as part of new, completely digital money systems. The idea is that the tech boost transparency and efficiency.

    But some have warned that it could expand the risk of bank main points, and several institutions guaranteed that entirely following their research.

    Alex Pollock, a senior fellow at the R Street Institute, refused the concept and declared it as “a terrible idea – one of the worst financial ideas of recent times.”

    Congressman Bill Foster asked about blockchain immutability, saying “the promise of blockchain is a non-falsifiable ledger remains an unsolved problem in the digital world is how do you authenticate yourself?”

    If you don’t understand, ban the crypto buying and mining

    Other committee members agreed that the idea raised more fundamental questions about how blockchain and cryptocurrencies work.

    Dr. Eswar Prasad, senior professor of Trade Policy at Cornell University, argued that the existence of cryptocurrencies had the power to impact the financial services system, primarily the payments system, in positive ways.

    Just prior to the hearing, chairman Andy Barr noted that cryptocurrencies will “continue to have a greater and greater impact on our financial system,” which means that the committee would probably have to “revisit” once again.

    Risk Disclosure (read carefully!)

  • How To Avoid Bad Investment?

    How To Avoid Bad Investment?

     

    2 min read

    To avoid bad investment can be very tricky.

    ‘Human beings have certain innate tendencies that don’t always lead to the best investment choices,’ says Mark Riepe, senior vice president at the Schwab Center for Financial Research.

    What is a good investment? Or How to avoid bad investment?

    Both are very tricky questions. At the same time, they are quite simple if you follow a few steps. Why?
    You can see, there are always several important events happening at the same time in the global economy and the capital markets.

    Earnings reports, inflation readings, central bank decisions, trade deals, geopolitics with weighty implications.

    Altogether, these factors hold some influence over the direction of stocks and bonds. It makes sense that investors would want to consider each one closely when making an investment forecast. 

    Being analytic and detail oriented makes sense and is very positive in my opinion. If you want to avoid bad investment

    Where is the catch?

    Investors too often overemphasize the negative, more fearful or worrisome factors, while giving less consideration to the pricing power of the positive factors.

    But it’s kinda human nature to be stressed and captivated by uncertainties.

    The cryptocurrency market, for example, attracts investors into the possibility of making huge sums of money quickly, without any clear mechanism for understanding or measuring the risk of the investment.

    And other examples, 2008 financial crisis, the front page of the Wall St. Journal featured an article stating that economic decline, the collapse of the dollar, and moral degradation would lead to civil war in the United States by 2010.

    WHAT?

    That madness and hysteria surrounding the financial crisis gave many investors no choice than to take these forecasts seriously.

    When the world becomes chaotic, any prediction can make sense. But many of those predictions are bad ones.

    You can count on knowledge and experience to help you make smart decisions in most areas of life.

    Investing doesn’t always work that way.

    Even professionals in financial and market fields, often fall prey to the same unhelpful reflexes that are present among investors.

    Fortunately, you can put controls in place to help you set aside harmful impulses. In order to avoid a bad investment.

    We live in a society where many seek to keep up with the Joneses.

    Only a few individuals are resistant to the urge to make a fast dollar.

    It is highly recommended to overcome emotional and personality-driven faults.

    Yeah?

    Honestly, it’s hard to achieve, almost impossible.

    But, one of the keys to success is recognizing that a problem exists, and then devising mechanisms to control or limit bad decisions or risk.

    Investing is all about risk, but the calculated risk is important.

    The first key: avoid bad investment by avoiding confusing investments

    You are more likely to make a bad decision when you lack understanding or knowledge.

    If you just don’t understand the investment or the opportunity sounds tricky then you have to do two things: Ask more questions about it and consult with someone who has more experience than you in the field or product.
    Frankly, when you don’t understand it, don’t invest your money in it.

    Do your own independent research on any potential investment. If you someone offers you an ownership stake in a business, don’t feel pressured to make a decision right away. Demand two to three weeks to make a decision after you’ve received all the details that they can provide. Meantime, you will be able to research similar companies and be assured in your answer as to why or why not you select to invest in this business idea.

    You should diversify your investments.

    Never put all your resources into one investment.

    Don’t put all of your eggs in one basket, is an old saying.

    This rule is valid for investments. If someone recommends you put all of your money in one specific investment is giving you bad investment advice! You must spread your resources through financial products and probably some real estate.

    You have to find a competent investment advisor.

    Make sure that you seek professional help from someone who is educated in the field you’re looking to invest in.

    Don’t take financial advice from someone who isn’t a financial professional.

    The advisor is skilled to analyze a business idea and financial instruments.  An advisor can review fund and stock history. And can give you guidance on the possible projection of the investment, based on market indicators. They can properly explain to you how to avoid a bad investment.

    Bad investment decisions can devastate all your investment, all your capital.

    Don’t be rush or make a quick decision. Investing is a smart and methodical process that cannot be made in a hurry.

    You must take your time and evaluate before making any investment decision to avoid a bad investment.

    A wise man once told, “Measure twice and cut once.”

    Risk Disclosure (read carefully!)

  • How I Lost 10.000 dollars On A Trading Platform

    How I Lost 10.000 dollars On A Trading Platform

    How I Lost 10.000 dollars On A Trading Platform
    Lost money in trading isn’t a big deal. But lost self-confidence is the disaster.

    How I lost 10.000 dollars on a trading platform? It was a painful experience and I want to share that with you. When you hear that somebody lost $10,000 on a trading platform, what is your first thought? How stupid he/she must be!

    Thank you. I’m that one. I lost! So, what?

    My entire savings were gone. Don’t even think that I traded without knowledge. I went through all the forex courses available to the time and I’ve spent a lot of money to pay for them.

    Let’s go back to that moment in my trading history.

    Only a few hours ago everything was fine. But what happened? Let’s take a look. I lost! OMG, I lost all my savings!

    First of all, I was so-called, “day trader”. There was no reason I couldn’t have made a billion dollars day trading. Actually, I was the exception. I made a nice sum of money before stopping. The secret was that I treated the thing with respect. I did not plan to get rich overnight, but in a reasonable time, yes. My plan was to become indecently rich in 2-3 years. And I was on my way to becoming so. In fact, I was like many others. Becoming filthy rich for 2-3 years?

    How stupid I was!

    Fun fact: I was trading without proper preparation and education.

    Ha? What do you think about me now?

    I never listened to what my father told me:

    “Don’t gamble, it is not worth it. Build up your assets with honest work and time. There is a time and a place for everything. With gambling, enough is never enough.”

    I thought I knew everything and I have the holy grail in my hands. Just because I bought a trading robot. Yeah, that was very smart of me. Well, after 6 months, my trading account was gone. 

    Kaboom! It exploded and disappeared in its own smoke! That’s how I lost 10.000 dollars on a trading platform.

    I lost everything! How it was possible? I believed marketers and some guys with their “track records”, and hundreds, thousands of testimonials. It is hard to resist when you read or hear some of them.

    Would you really like to know how I lost 10.000 dollars on a trading platform?

    How I Lost 10.000 dollars On A Trading Platform

    Take a look at the image above. What can you see? Stop-loss levels. My trading strategy didn’t have stop-losses. I didn’t see the point of using it! The truth is, with a stop loss, you’d get sold out at a loss, and then the market would move back and you would have ended up making money if not sold. But I didn’t see that opportunity, I just wanted to earn a big sum of money.

    I had no strategy except to make money

    And I really believed that the robot knows what it is doing. I started investing slowly. It was fun. I checked the price of my investment, followed the news on Twitter, and talk about the company’s products. Then the stock price plummeted and I didn’t have a stop loss and that ruined me. Can you understand how I lost 10.000 on ta trading platform now?

    Only then I realized that I had chosen the wrong stock, the wrong company.

    My skipping of stop-losses and liquidating my position at a very low price. That triggered a chain reaction with all my positions being liquidated in a few minutes. The market was having one of its ‘corrections’. I’d received multiple margin calls overnight that had gone unanswered, so my CFD provider sold my positions out.

    The people I was playing against were in many instances the big financial institutions. These institutions’ employees aren’t so many traders as risk managers.

    I didn’t realize that trading is like a game of tennis.

    You need to know who your opponent is

    Today I know what was obvious, that this would never have worked. Do you really think that some rich guy believes in some trading robot account to make his buying decisions?

    Of course NOT! But  I have seen a number of miracles happen.

    And the truth is only ONE! Trading without the right knowledge leads to a deep disaster.

    When I see people who are day traders and they are following some crap newsletter or some coach with a fudged up track record, I am going crazy.  I can’t even see someone watching FOREX algorithm sales pitch or sniveling over some poor stock report.

    I have that one desire, I just want to say to them: you are guaranteed to lose money in any period of time unless you learn to trade well. If you trade without the proper education you should go to some casino or play the lottery. You would have better chances to win. Not to lost.

    Yes, how I lost 10.000 dollars on a trading platform? I faced that beast.

    The nature of the beast is that even if you are financially educated and you think you know everything about trading, investing or markets at all, you still haven’t guaranteed to win.

    For you to know, I’m not selling anything. It didn’t even cross my mind to teach you how to trade. Hm, maybe I could sell my ideas, I could run some newsletter and give you trading ideas? That kind of person makes a lot of money, indeed. And they are generous when they have some secret ideas to share with you for free.

    How I lost 10.000 dollars is true BS! 

    I am not saying all that information is bad, you just have to be careful and try not to follow anyone uncritically.

    The Forex systems and robots stirred by internet marketers are a joke. Especially if you think that’s how they make money on Wall Street. And believe me, they DO make tons of money. The markets are full of sharks and they will eat you quickly if you don’t stick to simple and reasonable rules instead of their predatory advice.

    Forget about making 20% per month. That’s how poor people like to think.

    I learned a few key points when I lost on a trading platform exactly $10,000. My risk tolerance was pretty high. I never felt the need to sell. I regret losing the money, but I never regret making the investment.

    The lesson to myself was: you have to know whether it will move up or down and markets must agree with your judgment and you also need to know when the stock will move.

    To be successful with individual stock investing, you must predict its future movement AND when that movement will come. You’ve got to be fluid as a trader and there are no guarantees.

    The Forex market is the most volatile market in the world and therefore it cannot be manipulated.

    KISS, live long and prosper, and trade smartly!

     

  • Easy Ways To Start Investing With Little Money

    Easy Ways To Start Investing With Little Money

    1 min read

    Easy Ways To Start Investing With Little Money

    Despite the title, I tell you that there is no big and small money.

    Money is money and it’s yours. A different question is whether you have enough to invest. For investing with little money, I mean.

    If you want to invest you can’t do it without money.

    Is there any way to reach decent money for investment?

    Well, my friend was putting away just $15 per week. In order to avoid tempted to take the money for saving, he put the box reserved for saving money in his girlfriend house.

    Uh, how she was strict and strong. But he stashed the savings away in a safe place. You may think it isn’t a lot, but at the end of the year, he had $780.

    It was still not enough but it was a great beginning.

    To make money in the stock market, you have to start with big money, right? Oh, no! Totally wrong!

    My friend started investing with little money.

    You can try with day trading, why not. It is investing with little money.

    But it takes bravery and strength of character. You have to understand the different market forces at play. This isn’t for dilettantes or dabblers.

    But it is a way where you can very quickly make a major amount of money with a relatively small investment. Real investing with little money.

    Day trading is not for you if you don’t have any guts.

    Don’t worry, there are ways to hedge your bets when you are playing the stock market. But you have to learn and learn and learn. I suggest you ensure set stop-loss limits to cut any potential for accelerated depreciation.

    If you’re an advanced trader, you probably understand that market makers move stocks to play into our greed or fear of failure. It isn’t rare they push a stock down to a certain price to enhance our fear and play right into their pockets. And pay attention to averages. When stocks break moving averages, there’s potential for large upside or big downside.

    You can be investing with little money in commodities.

    Gold, silver, metals, energy. Silver looks like the solid hedge on inflation. That kind of commodities is the tangible property that people can hold onto. Investing in commodities means investing in futures contracts,  prearranged agreement to buy a particular quantity at a particular price in the future. These are leveraged contracts, providing a big upside and a large downside.  I suggest you be extremely careful.

    Easy Ways To Start Investing With Little Money

     

     

     

     

     

     

    And of course, you can trade cryptocurrencies. Trading them might seem risky, if you hedge your investment, you could limit some fallouts. There are plenty of platforms for trading cryptocurrencies. But before you step into this, educate yourself. Use some free demo account for several months and learn, test your skills, get more knowledge.

    For novice traders, it is difficult to distinguish valuable and useless trading. You need to avoid any new coins until they show up well on the market.

    No matter how much you want to invest with little money.

    Markets are very volatile in the altcoin scene.

    There is also such a thing as “compulsive trading”. It’s hard to learn the trading style from the first day. Errors will have to occur until you find a rhythm that suits your needs. The best advice is to start with investing with little money of one or two coins that look legitimate and potentially profitable. 

    More about The 5 Most Common Mistakes Made By Beginners In Trading Cryptos.

    Everyone who wants to invest on the market should first evaluate his own preference for risk. Also, it is necessary to have at least minimum economic and financial knowledge and ability of common sense reasoning.

    The economic revolution is afoot and you can either be a part of it or get left on the side of the highway feeling dumb.

    Everything is up to you. Even your investments. So, start investing with little money and follow the rules. 

    Be smart and good luck!

    Risk Disclosure (read carefully!)

  • The golden rules for investing in the stock market for beginners

    The golden rules for investing in the stock market for beginners

    The golden rules for investing in the stock marketWhat rules every investor should follow if want to be successful? Read to the end.

    By Guy Avtalyon

    Every field has golden rules, so this one has too.

    Fast money and easy earnings are mostly what young people want to succeed in the business world.
    They are attracted by exchanges, money is invested in shares.

    WOW!

    However, there are many curves, curvatures, spirals, and twists that, and if you don’t know how to avoid them, your trip to the stock market can be very short-lived.

    What are the golden rules for investing in the stock market, which should be known primarily to beginners in this business, but also to more experienced stock traders?

    Create a portfolio one of the golden rules

    You can do this in a simple way. There are many free portfolio managers on the Internet, so use some of them to make a free account.

    Create a fictitious portfolio in which you would potentially invest and monitor the situation for a while, a minimum of one month. This will give you the best insight into market volatility.

    Before you take the first step, the goal is to create a profitable fictitious portfolio as an investor on the stock market. This is really the golden rule.

    Among other Golden rules: Read business magazines 

    In order to successfully start investing in the stock market, you need to be aware of the world’s stock market. Also, what are the social events that affect the rise or fall of the price of shares?

    There are many respectable business magazines dealing with this topic (Forbes, The Economist, Kiplinger’s are some of the most famous ones).

    Follow the events in the global economy and finance and you will be able to swim more easily in the very turbulent waters of the stock market.

    Buy stock from a field you know well 

    Before investing money into something, you should understand the business the company is dealing with.

    The first stock you will buy on the stock market should be from the sector you understand and it is familiar to you.

    For example, if you know the banking sector, try to explore the market and find a bank whose stocks are good and worth investing.

    Never invest in the action itself, but in the company. This is one of the best golden rules I ever got. 

    Have realistic expectations

    There may be a problem if your financial goals are based on unrealistic presumption. Try to be realistic in your ambitions and goals. This will the most important golden rule for novices. 

    In this way, there are fewer chances to lose money or be disappointed in your stock market business.

    Do your own research one of the most important golden rules

    You will hear from people who are dealing with the stock exchange that they have bought some stocks. Just because the same was done by their friend or family member who understands this business.

    Accept everything with reserve. Before buying a stock, do research. If some stocks brought in earnings in the past doesn’t necessarily mean that this trend will continue.

    Always believe more to yourself than other people’s estimation.

    The stock exchange is NOT a money-making machine 

    This is one of the Golden rules. Most of those who want to participate stock market, have an unrealistic desire to double or triple investment in the short time frame.

    If you are one of them, then that’s not a job for you. For those who want to invest, 10 to 12% of the earnings for a long period is quite a good investment.

    You need to realize that you are just a small fish in a big lake and that your success depends on many factors. Some traders became really successful when they realized this golden rule. 

    Follow the clues and make conclusions.

    3 or 4 good stocks are enough 

    Don’t overplay is truly a golden rule. Especially because you are a beginner in this business. More than 10 stocks are a good portfolio, but for investment funds.

    It is true that they make more profit. But if you make a smart and wise decision you will earn enough money. Golden rules should be known to beginners in this business.

    Don’t try to predict the stock price

     Not even the biggest billionaires and owners of the largest multinational companies in the world are doing this.  No one is able to predict, at least for a longer period, several stock market cycles.

    Ability to guess the moment when the stock will have the highest value is still a myth. Even for those who have an insight into the business of some companies. Therefore, for successful business and investing in the stock market, you need to acquire certain knowledge and skills.

    According to many kinds of research, the risk of investing in the stock exchange is most often taken over by young people who have just finished college.

    But, like in every other business, the experience you get, will help you to be wiser in making decisions in the future. 

    That’s how it works!

  • Good And Bad Investment

    Good And Bad Investment

    2 min read


    When you work hard to earn money and you earned a surplus that you can invest, you want to make sure it isn’t going to disappear on you. Take your time to carefully understand an investment prior to putting your money into it. It is a very important concept. 

    Sometimes it’s better to miss out on a great investment than it is to be involved in a bad one.

    Of course, there are good and bad investments, but the question is how to tell if something is a good or bad investment.

    The act of accumulating and investing wealth is a dangerous proposition.

    The hardest part of the process isn’t picking the right investments, but rather, guarding our hearts from the greed of money.
    We need to always be aware of the desires and possibilities, especially when money is involved.

    While supposedly ”market-beating” brokers and advisors tend to profit in all market conditions. On the other side, we have the performance of the typical investor over the past 20 years. But we can precisely describe them as shockingly poor.

    There is a lot of confusion surrounding investments, but truth is that investment is anything that you can buy and hold on to in order to gain value.

    Literally, the investment can be anything you can buy and sell.

    The key is to realize there is no such thing as a naturally good or bad investment.

    What I mean is if you make right timing, you can be wrong about valuation and strategy, and still come out with a profit.
    Or if your valuation is strong, you can be wrong about timing and strategy and still come out with a profit. You may have a

    positive expectation with good risk management. In other words, your strategy is good.

    But your profit is assured over time even though any single investment can fail on timing and valuation.

    Successful investing is all in the process: risk management, strategy, and timing. It takes work and effort.

    There is no one-stop solution. There is no magic pill. If you’re looking for instant solution and asking what is a good investment, your thinking is in the wrong direction.


    Everything, but literally everything can be a bad or good investment, depending on the moment you enter, the strategy, the trading plan, investment plan.

    For someone who is trying to identify solid investment opportunities from among various available choices, it would be helpful if you are able to identify financial opportunities as distinctively good or bad.

    However, it’s not always a black-and-white task.

    Some of the processes depend on your own good perception. There are some red marks that forewarn of a potential losing bet. However, as well as some positive signs that could lead to a profitable investment.

    The average investor’s investments underperformed the returns of almost every asset class. Part of the reason for this is the tendency of investors to buy high and sell low.

    In times of market volatility, many investors panic and dump their stocks. They often make poor investment choices. They are seduced by the promise of high returns from investment products. That is difficult to understand and hampered with high fees.

    A good investment is one that meets your goals and objectives.

    A bad investment is one that doesn’t meet your goals and objectives.

    To find good investments you must have an understanding of what is realistic. What kind of return should you expect on an investment? If you have a good sense of what is and is not possible you are less likely to get scammed.

    You must be able to keep your eye on your chosen investment, and this is something that can be hard to do. Not all investments are easy to track in this way. The best thing to do is to make sure that your focus is primarily on material assets, as these are the kinds of things you can easily see, and they are more likely to be easily tracked too. As long as you can keep an eye on your investments, you can be sure that you are doing with it what you should be doing in order to make money.

    I presented you a few essential rules you can use to avoid bad investments and recognize good.

    Those are not must-follow rules. You can think of them more as guidelines. Especially if you’re a new investor, using these rules to stay away from bad investments can help you to make better choices.
    And never look for the big, fast wins. You’ll be crushed.

    Risk Disclosure (read carefully!)