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  • Banks in Korea to Use Samsung SDS Blockchain to Verify Customer IDs

    Banks in Korea to Use Samsung SDS Blockchain to Verify Customer IDs

    South Korea’s commercial banks will launch a customer ID verification powered by blockchain technology

    A national banking group representing South Korea’s commercial banks will launch a customer ID verification powered by blockchain technology this month, as per the reports on June 12.

    The Korea Federation of Banks (KFB) will launch their “BankSign” identity verification system to be made use of in both online computer-based and mobile banking, according to media reports.

    Development of the BankSign plan was started straight away after the KFB launched a consortium discovering blockchain applications opportunities at the local banking sector in November 2017.

    A KFB spokesperson added:
    ”BankSign is the first project co-developed by the local banking sector utilizing blockchain technology”

    Banks in Korea and blockchain

    Banks in Korea were forced to use a 20-year-old public banking security system that is inefficient and outdated. The government reversed it is Digital Signature Act’ policy wherein domestic institutions were mandated to use the public certification system.

    BankSign platform is built on Nexledger, a private enterprise cloud computing platform developed by Samsung’s subsidiary, Samsung SDS, the IT subsidiary of South Korea’s biggest conglomerate.

    As reported by CCN at the time, Samsung SDS was launched in April 2017. At the same time, it was launched Nexsign, a biometric authentication solution also developed by Samsung. Nexsign enables customers to gain access to a huge number of services using a single ID authentication.

    Samsung has already tested its Nexledger blockchain with Samsung Card, the conglomerate’s credit card company, as early as October 2016, but this is unrelated to KFB’s BankSign.

    In the first part of June, Samsung SDS announced the launch of its own enterprise blockchain platform Nexfinance aimed at finance-related businesses.

    Implementation of blockchain

    On June, has been revealed that the KFB established a consortium of its member to research and implement blockchain technology in the domestic banking sector in November 2017. Development of BankSign took off immediately, the KFB said, before select member banks began beta testing the system in April this year.

    The banks’ new blockchain application would offer a variety of options to confirm clients’ IDs and “not just the public certification system”, said Park Chang-ok, a manager at the department of deposit services and payment systems at KFB.

    Furthermore, the KFB said BankSign will find other applications within government and other public organizations after taking off in the banking sector with an official launch that is only weeks, maybe days away.

    In the beginning, the BankSign platform will be used only in the banking sector. However, the KFB, banks in Korea are planning to co-operate also with the Korean government and other public organizations in order to broaden the scope of the project, according to the KFB spokesperson, Korea JoongAng Daily wrote.

    You would be interested: Crypto is at Risk In Korea!

  • India’s Top Court Refused To Lift Ban On Cryptocurrency Exchanges

    India’s Top Court Refused To Lift Ban On Cryptocurrency Exchanges

    1 min read

    India’s Top Court Refused To Lift Ban On Cryptocurrency Exchanges

    India’s top court has refused to grant any interim relief to cryptocurrency exchanges against the Reserve Bank of India’s (RBI) crackdown on them.

    The RBI had directed all banks to wind up within three months any existing banking relationships with virtual currency exchanges and traders, was the decision on April 05. The ban kicks in from July 06.

    In May, India’s top court had set the next date for the hearing of the case on July 20, two weeks after the ban would come into force. But the Internet and Mobile Association of India (IAMAI), which counts bitcoin exchanges as its members, subsequently approached the court for an early hearing, which took placed on July 03.

    India’s Top Court Refused to lift

    “This a win for the RBI and a big blow to virtual currency exchanges and traders. In our earlier request to the RBI as well, we had asked it to extend the deadline by a month after the July 20 hearing,” said Rashmi Deshpande, associate partner at Khaitan & Co.

    Khaitan & Co is a law firm representing Kali Digital Eco-Systems, an Indian exchange planning to begin operations later this year.

    “However, now that the ban will continue, the banking route for the exchanges and its users will be completely choked,” Deshpande added.

    On May 17, during the previous hearing, the apex court had asked these exchanges to submit their representation against the central bank. The firms had engaged with the RBI during the last week of May and early June.

    “We had submitted a detailed presentation that could have given RBI a clearer picture of what is blockchain, how the exchanges work, etc. But we hadn’t heard back from them yet,” said Nischal Shetty, founder, and CEO of WazirX, another Indian cryptocurrency exchange that has challenged the ban. “Today, the (India’s) supreme court has also directed the RBI to respond to those representations made by the firms in the next seven days.”

    Focus on Bitcoin and Blockchain

    India’s Top Court Refused To Lift Ban On Cryptocurrency Exchanges

    The Narendra Modi government is in the final stages of finalizing the draft regulation on bitcoin and other currencies, according to a senior government official. That’s why despite India’s top court upholding the ban, the exchanges are hopeful.

    “We have prepared a draft (on virtual currencies) that entails what parts of these businesses should be banned and what should be preserved. This should be discussed by the first week of July and we should wrap this up within in the first fortnight of July,”  said Subhash Chandra Garg, secretary in the department of economic affairs, who is heading a committee on cryptocurrency regulation, told television news channel ET last month.

    What to say?

    All eyes are on the government and the next supreme court hearing on July 20. We will see. The truth is only one: crypto is spreading and nothing can stop that!

    Share it further!

    Risk Disclosure (read carefully!)

  • Cryptocurrency Addiction Is A Real Thing? No, s**t!

    Cryptocurrency Addiction Is A Real Thing? No, s**t!

    The experts recognize seven of the most common signs you might be a crypto-addict.
    If you recognize these symptoms, be careful but enjoy the trading.

    1 min read


    Cryptocurrency addiction exists in reality. Do you feel sometimes that you are holding your life all with one bobby pin? Till the moment you check Bitcoin’s price when you wake up in the morning?

    Yeah? I know that feeling.

    And the price of Bitcoin is the last thing you look up before you doze off at night?

    And it is difficult to pay attention to conversations unless the topic is blockchain?

    And you always keep a CoinMarketCap tab open in your browser?

    Well if you are such case, I don’t have good news for you: you might be suffering from a cryptocurrency addiction.
    You don’t believe? I was shocked!!!

     

    Bizarre new addiction!!!

    A group of Scotland-based behavioral therapists claims that you can take measures to curb your unhealthy habit of cryptocurrency trading. Good luck with that!

    Experts from rehab clinic Castle Craig Hospital (Scotland), recently expanded 

    their gambling addiction program to help people battle against obsession with trading digital currencies

    .

    The experts recognize seven of the most common signs you might be a crypto-addict.

    * You are spending a great deal of time on the trading in cryptocurrencies, checking prices so that other occupations such as work, exercise or socializing are on second or third place or not get done

    * You have debts and financial problems due to the losses incurred when gambling.

    * You are lying to friends and family about activities or problems ( for instance you are hiding the amount of time spent online trading).

    * Your mood swings, feelings of hopelessness and depression.

    * You feel anxiety and you have physical symptoms such as sweating and tremors.

    * You have unrealistic views such as being “lucky,” pursuing losses, in belief, it is your turn to win next time.

    * You are attempting to control the activity without any success.

    In a statement for thenextweb.com, the therapist, Chris Burn said: “The person trading may be unaware of these negative effects, especially if they are trading successfully and making profits. Major consequences such as bankruptcy, loss of reputation and self-respect can happen, sometimes with devastating speed.” 

    Everyone is prone to developing a crypto addiction

    This means that remarking the symptoms might not always be enough to get you on the right track. Usually, addicts have trouble acknowledging such signs in their own behavioral patterns. That’s true!

    According to this therapist, everyone is prone to developing a cryptocurrency addiction, even those trading for leisure. The problem is further exacerbated by liberal regulations and a low barrier of entry for traders.

    You know, it takes few minutes to open an account on exchange desks.

    “From our observations, people may begin trading in cryptocurrencies as a leisure activity, very part-time, but become hooked on the activity because of its addictive nature,” Burns explained “Unlike regular stock trading, cryptocurrency trading is poorly regulated, often poorly understood but exciting because of the big fluctuations in price that occur.”

    So, what I suggest you do? If you recognize these symptoms, be careful and enjoy the trading.
    What do you think? Is this possible? C’mon, tell us!

    Risk Disclosure (read carefully!)



  • The Dangers of Emotional Trading And How to Avoid That

    The Dangers of Emotional Trading And How to Avoid That

    2 min read


    Trading is less a business and more psychology from which your success or vice versa on Forex market depends. Even if you have decided to switch to systematic trading, this does not diminish completely the dangers of emotional trading and emotional pressure when you are deciding a trade.

    Often, Forex traders have the belief that only a complete absence of emotions can help during trading. Still, fear, uncertainty, greed, hope, faith, regret, and happiness inevitably follow the process of trade and may cause the dangers of emotional trading.

    Combating emotions at the moment when your feelings overwhelm, means ignoring the sixth sense, intuition, and finally insight. And what happens? You have brain fog!

    Why? It is known that emotions also transmit the flow of information to us. We are guided by this information, we behave under their influence. But this is given to us to control our emotions and to replace one’s feelings with others.

    There are many ways to control emotions and avoid the dangers of emotional trading:

    First, it is possible to change your emotions by concentrating on another object. As a rule, this method is very effective. The thing that attracts our attention becomes real for us. You can consider the suffering of losses, or vice versa, examine the possibility of making a profit.

    Second, by changing your views and beliefs you can change your emotions. Every belief we gain over our lives is, in a way, a filter for us, which is affecting the knowledge of all information. All points of view accumulated throughout life have an impact on the interpretations we receive in our mind.

    Finally, the third way to change your emotions is by modifying physiology. Change in breathing, mimics, body position, color and speed of our voice, all this has a direct impact on the emotional part of not only Forex traders, but any person.

    Concentrate attention to avoid the dangers of emotional trading

    The concentration of attention is one of the most important components of our emotional state. The fact that you are focused on the Forex trading process becomes not only the subject of reality but also the acceptance of the facts. All activities influence the interpretation of events and therefore affect our emotions. All this guides our behavior, and decisions get an emotional connotation. In this case, it is necessary to define the priorities: what are you waiting for? Do you think about the possibility of losing? Or expect a profit?

    Those who see only losses are likely to hesitate to invest in the market for too long and may even miss the transaction. But once they decide to enter the market, they quickly earn profits. Trading is an attempt to balance the contradictions. The trader should focus on profit and loss and try to balance them. The trader should focus on the likelihood of his/her methods and information provided by the market because they are the only ones that are correct and reliable.

    Physiology and the dangers of emotional trading

    It has been proven that our body manages our emotions and that emotions influence our thoughts. The easiest and most effective way to change your emotional state is to change your physiology – speed, and depth of breathing, voice or even your pose.

    Pay attention to your attitude, how you sit, breathe, and whether the muscles of your face, shoulder, or whole-body tense. If you feel sick, you should sit more comfortable. Fully simple physiological manipulation can be an effective way of controlling your feelings.

    Control your emotions, this will definitely make you a more successful trader!

    Understanding Fear

    When a trader gets bad news about a certain stock or the general market, it’s normal for the trader to get apprehensive. But at the same time, you must be clever, you must avoid the dangers of emotional trading.
    The dangers of emotional trading
    You need to understand what fear is: a natural reaction to what they perceive as a threat. In the case of traders, to their profit or money-making potential. Quantifying the fear might help. But you as a trader should consider pondering what you are afraid of, and why you are afraid of it.

    Yeah, I know! This is not easy, and you need practice, but it’s necessary for the health of an investor’s portfolio.

    Greed Is Worst Enemy

    “Pigs get slaughtered.” is an old saying on Wall Street.

    This means that greedy investors are hanging on to winning positions too long, trying to get every last tick. Greed can be devastating to returns. A trader with greed always runs the risk of getting whipsawed or blown out of a position.

    Greed is often based on an instinct to try to do better, to try to get just a little more.

    The first instruction is: A trader should develop a trading plan based upon rational business decisions, not emotional caprice or potentially dangerous instincts. A good trader should have trading rules and plans.

    Why are trading rules and plans so important?

    Before traders feel the emotional or psychological crunch, they need to create trading rules. That will keep your heads in the right place. You should lay out guidelines based on your risk-reward tolerance for when you will enter a trade and exit it, whether through a profit target or stop loss. The emotion is not part of the equation. It would be also wise to consider setting limits on the amount you are willing to win or lose in a day. If the profit target is hit, you can take the money and run. But if losing trades hit a predetermined limit, you can roll your tent and go home, preventing further losses.

    Every single trader should be able to read a balance sheet or a chart. But there is a psychological component to trading that shouldn’t be overlooked. You have to know how fear and greed can impact trading. That’s why you should exercise discipline, and develop trading rules and plans. Never forget that part of trading.

    If you have any experience with this, let us know. Share it all.

    Risk Disclosure (read carefully!)

  • Is Your Money At Risk When Trading

    Is Your Money At Risk When Trading

    You must already know that the financial markets are full of risks.

    But still, some people do make good earnings in trades. So the question is: How?

    The answer: They pay attention to risk management just like they pay attention to where to invest, sometimes – A LOT MORE!

    So, how to avoid risk?

    Remember: You can NOT!!! There is no guaranteed earnings in cryptocurrencies, forex, stocks, bonds, options nor anywhere else! If someone was earning before you it is not a guarantee that you will earn too!

    But you can be smart and smarter.

    When someone suggests you invest in a particular asset, here’s what to pay attention to:

    – If you are guaranteed a profit, it’s definitely a scam.
    If it is not guaranteed by the company, but the individual who represents that investment, then that individual is either a fraudster or uninformed. In that case, I suggest you find someone else.

    – If the currency\asset can not be bought or sold on the free market, you should be very cautious. In this case, you should assume that they can manipulate the price and keep it at an unrealistically high level in order to make the investment cost-effective.

    – Cryptocurrencies are generally open-source if not, it is doubtful. When a currency is hidden by code, it is most often because they want to hide the fact that they are not actually cryptos.

    WHERE THE TRUE RISK IS?

    First of all, you have to know that long-term trading inevitably involves losses and no trader can have 100% winning trades all the time.

    And the answer: IN YOUR KNOWLEDGE!!! And your attitude too!

    To succeed as a trader, the size of your potential losses needs to make sense compared to the original profit potential on each new position. If you are not disciplined and your attitude to risk and reward is not balanced, it is easy to fall into the trap of holding losing positions for too long. Having a hope that things will turn around before eventually closing out for a large loss, makes little sense if your objective was to make a small profit over a few hours.

    The long-term trading profit comes from this combination:

    – the number of profitable trades compared with the number of losing trades

    – the average value of profits on each trade compared with the average value of losses.

    The most important is to combine the relationship between reward and risk.

    Many successful traders actually have more losing than winning trades, but they make money because the average size of each loss is much smaller than their average profit. Some have a moderately average profit value compared to losses but a relatively high percentage of winning positions

    RISK MANAGEMENT IS IMPORTANT

    Managing risk means that you have identified the dangers and have taken the trades that have a high probability of success.

    If you don’t have a consistent risk management strategy, you will lose money. It’s as simple as that!

    You should ask yourself:
    1. What position size per trade should I take?
    2. How much of my funds should I risk?

    You can use two great techniques, taken from the world of game theory, which is used by professional traders.

    a) RISK OF RUIN (ROR)

    Use the Risk of Ruin formula: (1-(W-L))/(1+(W-L))^U W/L = win/loss percentage U = Capital units

    Let me explain to you this on 2 examples (both have 30% drawdown). We have two traders.

    Trader A: $50k pot, 10% risked per trade, 60%/40% win/ loss ratio, 3 capital units: = 30% RoR

    Trader B: $50k pot, 1% risk per trade, 60%/40% win / loss ratio, 30 capital units: = 0.000005214% RoR

    It’s obvious what you have to do! Increase your W/L ratio or reduce your trade size. You donĂ­t want to lose 100%, so you have to set yourself a maximum limit of 30% of your portfolio value.

    b) KELLY’S CRITERION:

    This is a money management technique that was developed by John Kelly, a physicist and computer scientist, who worked for AT&T in the 1950s.

    This theory can give you answer to questions: How many trades should I have on at once and How much of my portfolio do I want to put at risk, per trade?

    That means that you must have a strategy.

    Example: 60%/40% Win / Loss ratio average risk-return = 2 : 1 = 33.3%This shows that you could use 33.3% of your capital on a particular strategy.

    USING STOPS

    You should have rules that you will act upon while you are in a live trade or investment. These rules should include how you will move a stop or adjust to a trailing stop.

    You should always be taught to trade with Stops. Stops are a trade management tool that let you stop a loss or stop a profit (they are known as a LIMIT order, too). The golden rule when using stops is, don’t ever adjust your stop, pushing it wider, just because the trade is going wrong this is fatal!

    By using orders such as the limit stop order, the market stop order, or the trailing stop order, you can easily control at what point you exit a position.

    In this way you can limit the risk you are exposed to on each and every trade you make.

    POSITION SIZING

    Position sizing is basically deciding how much of your capital you want to use to enter any particular position, it is a form of diversification.

    If you use a small percentage of your capital in any one trade, you will never be too reliant on one specific outcome. Even the most successful traders will make trades that turn out badly from time to time. The key is to ensure that the bad ones don’t affect you too badly. And avoid money risk.

    INSTEAD OF CONCLUSION

    It is important to have a detailed trading plan that lays out guidelines and parameters for your trading activities.

    Risk and trade management may not be the most exciting part of trading, but they are absolutely essential if you don’t want to lose all your money.

    And the best advice you will ever get: Trading and use of information presented here are at your own risk. And your money risk, also.

    Feel free to share this with someone you know to be interested in trading.

    Are you a beginner?

    Click here to see what we’ve got for you on the How to Start Trading – Beginners

    Are you an advanced trader?

    No problem, you’ll get all the information you need in our How to Master in Trading – Advanced

    Good luck!

  • The Best Broker and How To Choose?

    The Best Broker and How To Choose?

    forex broker
    Choosing the best broker seems like a simple process. But in reality, it can be a nightmare.

    By Guy Avtalyon

    Finding the best broker is not easy. Not at all!!! I’ll give you seven tips on how to do that.

    In the very beginning, you want to be sure that the broker has the right credentials, understands the market, has similar wealth-building beliefs as you do. Trust me.

    What is the main point  when you have to choose the best broker

    a) make sure a broker offers the services and features you most need,
    b) don’t pay extra for services and features you don’t need or want.

    The best approach is to make a list of facilities you want from your broker. 

    Tips and tricks for choosing the best broker

    1. Minimum Trades  – Check if there is a clause about minimum trades that you will have to do as well as the penalty for not complying with the requirement. There are actually brokers who have no minimum requirement or require only a few hundred dollars.
    2. Costs – Consider the commissions and other fees that broking companies charge.  Brokers typically have a wide assortment of fees for cost per trade. That’s the holy grail of the online brokerage universe.
    3. Customer service – Look for customer reviews online or on specialized forums, please. Make sure that the broker offers such support and it’s available during more than just “regular business hours”. Check if it’s available in various forms: email support and live chat can be more convenient contact methods than a direct phone.
    4. Investment options – Some ‘’full-service’’ brokers may not offer products of all asset management companies or AMCs. A good broker is one that offers you the ability to invest in a large number of assets: stocks, bonds, mutual funds, exchange-traded funds (ETFs), real estate investment trusts.  You will need a broker who can provide you with all of the possibilities if you want to spread your investment wings.
    5. Investment Advice – The problem may arise if you are not DIY (do it yourself) type. Some brokers will offer limited investment advice, while others will provide a full investment advisory service, usually for a small fee, some will charge a higher fee if you need broker assistance. You have to explore what suits you best.
    6.  Asset Allocation Guidance – Especially for new investors Asset allocation is one of the more challenging investment functions. It can be complicated enough to decide on initial asset allocation, but even more, involved to maintain that allocation going forward. Periodic rebalancing is not the easiest of tasks if it must be done manually and will be necessary to do from time to time. Most robo advisor services will handle asset allocation and automatic rebalancing as part of their account management fee. If you’re looking for “hands-off” investing, robo advisors could be the best option for you. You have to find out if the broker offers this service and if there is an additional charge.
    7. Types of Retirement Accounts  – It’s best to confirm this at the very beginning that the broker offers multiple types of retirement accounts to invest in. And even if you want only a regular investment account right now, you may decide to open a custodial account for one of your children in the future. If you have confirmed that these options are existing before you first sign-on, you can be relaxed. I know that most investors like to have all of their various accounts with a single broker, particularly if they are happy with the service.

    What type of trader do you want to be?

    Are you an active trader or buy-and-hold investor? Whatever you are, it will affect your choice of broker. If you are a buy-and-hold investor and invest in index funds, making a few trades per year, fund selection may be more important to you than low transaction fees.

    You have to determine if you’re an investor which means long term investing, or active trader, short term trading. If you are still learning how to trade stocks online, you shouldn’t rush into choosing a broker. Everyone eventually develops their own trading style.

    Online stock brokers offer a wide array of features and fees. Choosing a broker with a good reputation is worth it. Someone with the features you really need and a reasonable fee structure. Don’t let yourself be attracted by a platform with the bells and whistles. Especially when you are at the beginning.

    Readers, what do you look for in the right investment broker? Let me know and share it with others.

     



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

    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!
    Binary options are questionable.
    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.
    binary options
    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!)

  • Cryptocurrencies Prices Stabilized Over The Weekend

    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!)



  • Ripple – All You Need To Know

    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!)