10 Best Forex Brokers Canada for 2020 - ForexBrokers.com
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Top 10 Best Forex Brokers in Canada 2020 [Canadian Forex ...
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Is PrimeXBT Safe for Canadian Traders?
https://preview.redd.it/vrq329h41vs51.png?width=1000&format=png&auto=webp&s=a9cdd74e5bfd8c7ca678fcb6663d37d87bc9f7b2 With the dramatic increase in the number of traders and investors in Canada that are using PrimeXBT, one question has been asked recently more than others which is whether PrimeXBT is safe for Canadian traders. The number of Canadian users at PrimeXBT has been growing rapidly throughout 2020 as a sign that the tools and features on the platform are opening up new opportunities for interacting in the market in more optimal ways. This guide covers whether or not PrimeXBT is safe for Canadian traders, and looks at some of the features and tools of the platform. The Canadian Market in 2020 Like much of the rest of the world, the Canadian market has seen some of the highest levels of all volatility in 2020 that have been seen in many years, or even at all throughout the history of cryptocurrency. The Canadian market has seen renewed growth following the contractions throughout 2018 and much of 2019 when the global bear market in the cryptocurrency space drove many retail investors back out of the market after the exponential growth of 2017. This has led many Canadian traders to wonder whether we are on the brink of another major bull run as was seen both in 2017 as well as 2013, and that would potentially see the price of Bitcoin driven up to the range of $50,000 or more. The Exponential Growth of PrimeXBT With the backdrop of the excitement within the global cryptocurrency market in general, and the Canadian cryptocurrency market more specifically, PrimeXBT has been perfectly positioned for exponential growth since its launch in early 2018. The platform initially launched at the start of 2018 with a waiting list of more than 150,000 traders, and this showed the interest in the platform that was present even before it came onto the market. As a result of the unique tools and features provided by PrimeXBT, it has grown exponentially over the past few years to become the world’s leading multi-asset margin trading platform and today managing up to $2 billion worth of global trade every day. What is PrimeXBT? https://preview.redd.it/iax449j91vs51.png?width=1000&format=png&auto=webp&s=24ea73d33d4f74afedf75a55b5a51967e95dea04 PrimeXBT is a margin trading-centric platform that provides high leverage trading on a wide range of cryptoassets as well as many of the world’s leading traditional assets. Traders at PrimeXBT are able to access up to 100X leverage on a wide range of cryptoassets that include BTC, ETH, XRP, LTC, and EOS. This is whilst also being able to access up to 500X leverage on a range of traditional assets like stock indices such as the S&P500 and FTSE100, forex pairs such as USD/EUR and AUD/CAD, and commodities such as gold and oil. PrimeXBT: Security Features From a security perspective, PrimeXBT is one of the leading trading platforms in the crypto market, and has built a strong reputation for being a safe and reliable platform to trade on. Much of this is as a result of the bank-grade security features that are implemented throughout PrimeXBT that include mandatory Bitcoin address whitelisting and hardware security modules with rating of FIPS PUB 140-2 Level 3 or higher. By working to add advanced security solutions throughout its platform, PrimeXBT has shown a strong commitment to protecting the funds and data of its users. PrimeXBT: Security Track Record While there are many other platforms in the cryptocurrency space that have suffered devastating hacks over the past 2 or 3 years, PrimeXBT is one of a small number of top tier platforms that have remained hack-free throughout this period. A good example of this is the Binance hack in 2019 that saw the platform lose more than $40 million of its users’ funds, and more recently the KuCoin hack where more than $150 million was lost by that platform. In contrast, PrimeXBT has never been hacked and has never been breached by hackers and as such remains as one of the most trusted platforms in the market, having a clean security track record. PrimeXBT: Excellent Customer Support In 2019, a study of the top 5 crypto margin trading platforms found that PrimeXBT has the best customer service of all 5, and also was the only platform out of the 5 to have full marks for all for metrics. These metrics were politeness, responsiveness, helpfulness, and the range of different communication channels that were available to users. By having an excellent customer support structure, PrimeXBT has ensured that its users are able to get fast and easy solutions to the problems and that there is always a direct line of communication open with the admin at the platform to be able to effectively deal with any issues that arise. Other Advantages of Using PrimeXBT PrimeXBT also provides a number of other advantages that are unique to the platform including providing the lowest fee schedule of any major cryptocurrency trading platform in the market with a low flat rate of 0.05% applied to all trades, irrespective of the size of a trade or the asset being traded. As well as this, PrimeXBT’s users can enjoy a robust trading engine that is built into the core of the PrimeXBT platform and that can execute up to 12,000 trades per second with an average trade time of less than 7.02 ms. PrimeXBT also has a unique 4-tier referral program where the traders can generate revenue streams from direct referrals, as well as indirect referrals up to 4 levels deep, with this dramatically increasing the profitability of affiliate activities, and netting the top 3 affiliates on the platform more than $1 million in 2019. In Summary PrimeXBT is a safe and well-reputed trading platform for Canadian traders and this is the reason for its exponential growth of users and volume within Canada over the past months. As well as being a safe platform to trade at, PrimeXBT also provides a range of unique tools and features to use in order to maximize profitability in the cryptocurrency and traditional asset markets. To understand more about the security features on PrimeXBT that have protected its users, check out PrimeXBT’s Security page.
Thoughts On The Market Series #1 - The New Normal?
Market Outlook: What to Make of This “New Normal”
By ****\* March 16, 2020 After an incredibly volatile week – which finished with the Dow Jones Industrial Average rallying over 9% on Friday – I suppose my readers might expect me to be quite upbeat about the markets. Unfortunately, I persist in my overall pessimistic outlook for stocks, and for the economy in general. Friday’s rally essentially negated Thursday’s sell-off, but I don’t expect it to be the start of a sustained turnaround. We’re getting a taste of that this morning, with the Dow opening down around 7%. This selloff is coming on the back of an emergency interest rate cut by the Federal Reserve of 100 basis points (to 0%-0.25%) on Sunday… along with the announcement of a new quantitative easing program of $700 billion. (I will write about this further over the next several days.) As I have been writing for many weeks, the financial bubble – which the Fed created by pumping trillions of dollars into the financial system – has popped. It will take some time for the bubble to deflate to sustainable levels. Today I’ll walk you through what’s going on in the markets and the economy… what I expect going forward and why… and what it means for us as traders. (You’ll see it’s not all bad news.)
Coronavirus’ Strain on the Global Economy
To start, let’s put things in perspective: This asset deflation was coming one way or another. Covid19 (or coronavirus) has simply accelerated the process. Major retailers are closing, tourism is getting crushed, universities and schools are sending students home, conventions, sporting events, concerts, and other public gatherings have been cancelled, banks and other financial service firms are going largely virtual, and there has been a massive loss of wealth. Restaurant data suggests that consumer demand is dropping sharply, and the global travel bans will only worsen the situation. Commercial real estate is another sector that looks particularly vulnerable. We are almost certain to see a very sharp and pronounced economic slowdown here in the United States, and elsewhere. In fact, I expect a drop of at least 5% of GDP over the next two quarters, which is quite severe by any standard. Sure, when this cycle is complete, there will be tremendous amounts of pent-up demand by consumers, but for the time being, the consumer is largely on the sidelines. Of course, the problems aren’t just in the U.S. China’s numbers look awful. In fact, the government there may have to “massage” their numbers a bit to show a positive GDP in the first quarter. Europe’s numbers will also look dreadful, and South Korea’s economy has been hit badly. All around the world, borders are being shut, all non-essential businesses are being closed, and people in multiple countries are facing a lockdown of historic proportions. The coronavirus is certainly having a powerful impact, and it looks certain that its impact will persist for a while. Consider global tourism. It added almost $9 trillion to the global economy in 2018, and roughly 320 million jobs. This market is in serious trouble. Fracking in the U.S. is another business sector that is in a desperate situation. Millions of jobs and tens of billions of loans are now in jeopardy. The derivative businesses that this sector supports will be likewise devastated as companies are forced to reduce their workforces or shut down due to the collapse in oil prices. This sector’s suffering will probably force banks to book some big losses despite attempts by the government to support this industry. In a similar way, the derivative businesses that are supported by the universities and colleges across America are going to really suffer. There are nearly 20 million students in colleges across the U.S. When they go home for spring vacation and do not return, the effect on the local businesses that colleges and university populations support will be devastating. What does this “new normal” mean going forward? Let’s take a look…
The new normal may become increasingly unpleasant for us. We need to be ready to hunker down for quite some time. Beyond that, the government needs to handle this crisis far better in the future. The level of stupidity associated with the massive throngs of people trapped in major airports yesterday, for example, was almost unimaginable. Instead of facilitating the reduction of social contact and halting the further spread of the coronavirus, the management of the crowds at the airports produced a perfect breeding ground for the spread of the virus. My guess is that more draconian travel restrictions will be implemented soon, matching to some extent the measures taken across Europe. This will in turn have a further dampening effect on economic activity in the U.S., putting more and more pressure on the Fed and the government to artificially support a rapidly weakening economy. Where does this end up? It is too early to say, but a very safe bet is that we will have some months of sharply negative growth. Too many sectors of the economy are going to take a hit to expect anything else. The Fed has already driven interest rates to zero. Will that help? Unlikely. In fact, as I mentioned at the beginning of this update, the markets are voting with a resounding NO. The businesses that are most affected by the current economic situation will still suffer. Quantitative easing is hardly a cure-all. In fact, it has been one of the reasons that we have such a mess in our markets today. The markets have become addicted to the easy money, so more of the same will have little or no impact. We will need real economic demand, not an easier monetary policy. It won’t help support tourism, for example, or the other sectors getting smashed right now. The government will need to spend at least 5% of GDP, or roughly $1 trillion, to offset the weakness I see coming. Is it surprising that the Fed and the government take emergency steps to try to stabilize economic growth? Not at all. This is essentially what they have been doing for a long time, so it is completely consistent with their playbook. Next, I would anticipate the government implementing some massive public-works and infrastructure programs over the coming months. That would be very helpful, and almost certainly quite necessary. But there’s a problem with this kind of intervention from the government…
What Happens When You Eliminate the Business Cycle
The Fed’s foolish attempt to eliminate business cycles is a significant contributing factor to the volatility we are currently experiencing. Quantitative easing is nothing more than printing lots and lots of money to support a weak economy and give the appearance of growth and prosperity. In fact, it is a devaluation of the currency’s true buying power. That in turn artificially drives up the prices of other assets, such as stocks, real estate and gold – but it does not create true wealth. That only comes with non-inflationary growth of goods and services and associated increases in economic output. Inflation is the government’s way to keep people thinking they are doing better. To that point: We have seen some traditional safe-haven assets getting destroyed during this time of risk aversion. That has certainly compounded the problems of many investors. Gold is a great example. As the stock market got violently slammed, people were forced to come up with cash to support their losing positions. Gold became a short-term source of liquidity as people sold their gold holdings in somewhat dramatic fashion. It was one of the few holdings of many people that was not dramatically under water, so people sold it. The move may have seemed perverse, particularly to people who bought gold as a safe-haven asset, but in times of crisis, all assets tend to become highly correlated, at least short term. We saw a similar thing happen with long yen exposures and long Bitcoin exposures recently. The dollar had its strongest one-day rally against the yen since November 2016 as people were forced to sell huge amounts of yen to generate liquidity. Many speculators had made some nice profits recently as the dollar dropped sharply from 112 to 101.30, but they have been forced to book whatever profits they had in this position. Again, this was due to massive losses elsewhere in their portfolios. Is the yen’s sell-off complete? If it is not complete, it is probably at least close to an attractive level for Japanese investors to start buying yen against a basket of currencies. The major supplies of yen have largely been taken off the table for now. For example, the yen had been a popular funding currency for “carry” plays. People were selling yen and buying higher-yielding currencies to earn the interest rate difference between the liability currency (yen) and the funding currency (for example, the U.S. dollar). Carry plays are very unpopular in times of great uncertainty and volatility, however, so that supply of yen will be largely gone for quite some time. Plus, the yield advantage of currencies such as the U.S. dollar, Canadian dollar, and Australian dollar versus the yen is nearly gone. In addition, at the end of the Japanese fiscal year , there is usually heavy demand for yen as Japanese corporations need to bring home a portion of their overseas holdings for balance sheet window dressing. I don’t expect that pressure to be different this year. Just as the safe-haven assets of yen and gold got aggressively sold, Bitcoin also got hammered. It was driven by a similar theme – people had big losses and they needed to produce liquidity quickly. Selling Bitcoin became one of the sources of that liquidity.
Heavy Price Deflation Ahead
Overall, there is a chance that this scenario turns into something truly ugly, with sustained price deflation across many parts of the economy. We will certainly have price deflation in many sectors, at least on a temporary basis. Why does that matter over the long term? Price deflation is the most debilitating economic development in a society that is debt-laden – like the U.S. today. Prices of assets come down… and the debt becomes progressively bigger and bigger. The balance sheet of oil company Chesapeake Energy is a classic example. It’s carrying almost $10 billion worth of debt… versus a market cap of only about $600 million. Talk about leverage! When the company had a market cap of $10 billion, that debt level didn’t appear so terrifying. Although this is an extreme example for illustrative purposes, the massive debt loads of China would seem more and more frightening if we were to sink into flat or negative growth cycles for a while. The government’s resources are already being strained, and it can artificially support only so many failing companies. The U.S. has gigantic levels of debt as well, but it has the advantage of being the world’s true hegemon, and the U.S. dollar is the world’s reserve currency. This creates a tremendous amount of leverage and power in financing its debt. The U.S. has been able to impose its will on its trading partners to trade major commodities in dollars. This has created a constant demand for the dollar that offsets, to a large extent, the massive trade deficit that the U.S. runs. For example, if a German company wants to buy oil, then it needs to hold dollars. This creates a constant demand for dollar assets. In short, the dollar’s status as the true global reserve currency is far more important than most people realize. China does not hold this advantage.
What to Do Now
In terms of how to position ourselves going forward, I strongly recommend that people continue with a defensive attitude regarding stocks. There could be a lot more downside to come. Likewise, we could see some panic selling in other asset classes. The best thing right now is to be liquid and patient, ready to pounce on special opportunities when they present themselves. For sure, there will be some exceptional opportunities, but it is too early to commit ourselves to just one industry. These opportunities could come in diverse sectors such as commercial real estate, hospitality, travel and leisure, and others. As for the forex markets, the volatility in the currencies is extreme, so we are a bit cautious. I still like the yen as a safe-haven asset. I likewise still want to sell the Australian dollar, the New Zealand dollar, and the Canadian dollar as liability currencies. Why? The Bank of Canada, the Reserve Bank of Australia, and the Reserve Bank of New Zealand have all taken aggressive steps recently, slashing interest rates. These currencies are all weak, and they will get weaker. Finding an ideal entry for a trade, however, is tricky. Therefore, we are being extra careful with our trading. We always prioritize the preservation of capital over generating profits, and we will continue with this premise. At the same time, volatility in the markets is fantastic for traders. We expect many excellent opportunities to present themselves over the coming days and weeks as prices get driven to extreme levels and mispricings appear. So stay tuned.
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Signal Skyline is a most accurate Forex signals providers. Subscribe us today for FX trade alerts daily. See Forex signals review! Signal Skyline provides a paid service that sends our subscribers daily Forex and commodities trading signals and forecasts. Address: 250, Younge Street Canada Website: https://www.signalskyline.com/
I am Canadian day trader day trading in US dollars. Will I owe IRS taxes at the end of the year?
I am a Canadian about to start day trading in short term in ForEx and commodities like gold. I will have transactions of over 300 in 1 week for part time (20 hours a week). My trading account is in US dollars but I live in Canada. Will I owe IRS taxes at the end of the year even though I day trade in Canada using US dollars? Please note that I will have more questions when I see responses so I have the facts to prepare for the end of the year. if you could please help me with this, there is not much content on the web for being a Canadian day trader using US dollars for transactions. Any canadian books or legitimate web links to read up on would be great as well. Edit: what is the minimum amount of transactions per hour per week to be categorized as business income/ loss rather than capital gains/loss?
Signal Skyline is a most accurate Forex signals providers. Subscribe us today for FX trade alerts daily. See Forex signals review! Signal Skyline provides a paid service that sends our subscribers daily Forex and commodities trading signals and forecasts. Address: 250, Younge Street Canada Website: https://www.signalskyline.com/
How to get started in Forex - A comprehensive guide for newbies
Almost every day people come to this subreddit asking the same basic questions over and over again. I've put this guide together to point you in the right direction and help you get started on your forex journey. A quick background on me before you ask: My name is Bob, I'm based out of western Canada. I started my forex journey back in January 2018 and am still learning. However I am trading live, not on demo accounts. I also code my own EA's. I not certified, licensed, insured, or even remotely qualified as a professional in the finance industry. Nothing I say constitutes financial advice. Take what I'm saying with a grain of salt, but everything I've outlined below is a synopsis of some tough lessons I've learned over the last year of being in this business. LET'S GET SOME UNPLEASANTNESS OUT OF THE WAY I'm going to call you stupid. I'm also going to call you dumb. I'm going to call you many other things. I do this because odds are, you are stupid, foolish,and just asking to have your money taken away. Welcome to the 95% of retail traders. Perhaps uneducated or uninformed are better phrases, but I've never been a big proponent of being politically correct. Want to get out of the 95% and join the 5% of us who actually make money doing this? Put your grown up pants on, buck up, and don't give me any of this pc "This is hurting my feelings so I'm not going to listen to you" bullshit that the world has been moving towards. Let's rip the bandage off quickly on this point - the world does not give a fuck about you. At one point maybe it did, it was this amazing vision nicknamed the American Dream. It died an agonizing, horrible death at the hand of capitalists and entrepreneurs. The world today revolves around money. Your money, my money, everybody's money. People want to take your money to add it to theirs. They don't give a fuck if it forces you out on the street and your family has to live in cardboard box. The world just stopped caring in general. It sucks, but it's the way the world works now. Welcome to the new world order. It's called Capitalism. And here comes the next hard truth that you will need to accept - Forex is a cruel bitch of a mistress. She will hurt you. She will torment you. She will give you nightmares. She will keep you awake at night. And then she will tease you with a glimmer of hope to lure you into a false sense of security before she then guts you like a fish and shows you what your insides look like. This statement applies to all trading markets - they are cruel, ruthless, and not for the weak minded. The sooner you accept these truths, the sooner you will become profitable. Don't accept it? That's fine. Don't bother reading any further. If I've offended you I don't give a fuck. You can run back home and hide under your bed. The world doesn't care and neither do I. For what it's worth - I am not normally an major condescending asshole like the above paragraphs would suggest. In fact, if you look through my posts on this subreddit you will see I am actually quite helpful most of the time to many people who come here. But I need you to really understand that Forex is not for most people. It will make you cry. And if the markets themselves don't do it, the people in the markets will. LESSON 1 - LEARN THE BASICS Save yourself and everybody here a bunch of time - learn the basics of forex. You can learn the basics for free - BabyPips has one of the best free courses online which explains what exactly forex is, how it works, different strategies and methods of how to approach trading, and many other amazing topics. You can access the BabyPips course by clicking this link: https://www.babypips.com/learn/forex Do EVERY course in the School of Pipsology. It's free, it's comprehensive, and it will save you from a lot of trouble. It also has the added benefit of preventing you from looking foolish and uneducated when you come here asking for help if you already know this stuff. If you still have questions about how forex works, please see the FREE RESOURCES links on the /Forex FAQ which can be found here: https://www.reddit.com/Forex/wiki/index Quiz Time Answer these questions truthfully to yourself: -What is the difference between a market order, a stop order, and a limit order? -How do you draw a support/resistance line? (Demonstrate it to yourself) -What is the difference between MACD, RSI, and Stochastic indicators? -What is fundamental analysis and how does it differ from technical analysis and price action trading? -True or False: It's better to have a broker who gives you 500:1 margin instead of 50:1 margin. Be able to justify your reasoning. If you don't know to answer to any of these questions, then you aren't ready to move on. Go back to the School of Pipsology linked above and do it all again. If you can answer these questions without having to refer to any kind of reference then congratulations, you are ready to move past being a forex newbie and are ready to dive into the wonderful world of currency trading! Move onto Lesson 2 below. LESSON 2 - RANDOM STRANGERS ARE NOT GOING TO HELP YOU GET RICH IN FOREX This may come as a bit of a shock to you, but that random stranger on instagram who is posting about how he is killing it on forex is not trying to insprire you to greatness. He's also not trying to help you. He's also not trying to teach you how to attain financial freedom. 99.99999% of people posting about wanting to help you become rich in forex are LYING TO YOU. Why would such nice, polite people do such a thing? Because THEY ARE TRYING TO PROFIT FROM YOUR STUPIDITY. Plain and simple. Here's just a few ways these "experts" and "gurus" profit from you:
Referral Links - If they require you to click a specific link to signup for something, it means they are an affiliate. They get a commission from whatever the third party is that they are sending you to. I don't care if it's a brokerage, training program, hell even an Amazon link to a book - if they insist you have to click their super exclusive, can't-get-this-deal-any-other-way-but-clicking-my-link type bullshit, it's an affiliate link. There is nothing inherently wrong with affiliate programs, but you are literally generating money for some stranger because they convinced you to buy something. Some brokers such as ICMarkets have affiliate programs that payout a percentage of the commission you generate - this is a really clever system - whether you profit or blow your entire account, the person who referred you to the broker makes a profit off you. Clever eh?
Signal Services, Education & Training Programs, Courses - If somebody is telling you they are making a killing with a signal service and are trying to convince you to join it, I guarantee they are getting a piece of your monthly fee. And better still, these signal services often work...for about a week. Just long enough to suck a bunch of poor fools into it. You see people making money, you want in so you agree to pay the $200+/month subscription fee. You follow the signals and it looks like it's making money for a few days or weeks. Then it turns sideways, you start losing money hand over fist. Pretty soon you have lost most of your trading account because you blindly followed a signal service. And better still - when you go screaming at the person running the signal service they will be very quick to point you to their No Refunds policy. To add insult to injury, the buttfucker that referred you to the signal service in the past will likely listen to you getting mad, and then come back with something like "Sorry it didn't work out, but I just joined this other amazing service and it's working great, you should come join it to earn your money back. Here's my link..." You get the point here right?
Multi-Level Marketing (MLMs) - These people are scum. They are going to offer you training and education, signals, access to forex experts and gurus, and all kinds of other shit with the promise that you will live the dream and become financially free. They are also loading you into a pyrmaid scheme where you will be hounded to recruit other people and make money off them just like you got roped into it. A really prime example here is iMarkets Live (or IML for short). Don't touch this shit with a 10 foot pole. I don't care what they are claiming, you will lose everything using them.
Fund Managers - These people make my skin crawl. It's a classic scam and it works like this - somebody will post online about how much money they are making trading forex/commodities/stocks/whatever. Most of the time they won't explicitly post they are offering a trading service, rather they just put the message out there and wait for the ignorant masses (that's you) to contact them. They will charm you. They will lie to you. They will promise you the moon if you simply wire them some money or give them API access to your trading account. Care to guess what happens next? If you send a wire transfer (or Western Union...hell any kind of payment to them) they will vanish. Happens usually after they take a bunch of suckers for the ride. You sent them $2,000 and so do 9 other suckers. They just made $20,000 and are gone. With API access to your account, you will find your account gets blown super fast or worse - possibly leaving you open to persecution by the broker you are using.
These are just a few examples. The reality is that very few people make it big in forex or any kind of trading. If somebody is trying to sell you the dream, they are essentially a magician - making you look the other way while they snatch your wallet and clean you out. Additionally, on the topic of fund managers - legitimate fund managers will be certified, licensed, and insured. Ask them for proof of those 3 things. What they typically look like are:
Certified - This varies from country to country, in the US it's FINRA (http://www.finra.org). They need to have their Series 7 certification minimum. You can make the case that other FINRA certifications are acceptable in lieu of Series 7, but the 7 is the gold standard.
Licensed - They need to have a valid business license issued by the government. It must clearly state they are an investment company, preferrably a hedge fund because they have some super strict requirements to operate (and often require $25,000+ in fees just to get their business license, so you know they at least have some skin in the game).
Insured - They need to be backed by an insurance company. I'm not talking general insurance for shit like their office burning down. I'm talking about a government-implemented protection insurance program - in the US I believe that is issued by the Securities Investment Protection Corporation (https://www.sipc.org/).
If you are talking to a fund manager and they are insisting they have all of these, get a copy of their verification documents and lookup their licenses on the directories of the issuers to verify they are valid. If they are, then at least you are talking to somebody who seems to have their shit together and is doing investment management and trading as a professional and you are at least partially protected when the shit hits the fan. LESSON 3 - UNDERSTAND YOUR RISK Many people jump into Forex, drop $2000 into a broker account and start trading 1 lot orders because they signed up with a broker thinking they will get rich because they were given 500:1 margin and can risk it all on each trade. Worst-case scenario you lose your account, best case scenario you become a millionaire very quickly. Seems like a pretty good gamble right? You are dead wrong. As a new trader, you should never risk more than 1% of your account balance on a trade. If you have some experience and are confident and doing well, then it's perfectly natural to risk 2-3% of your account per trade. Anybody who risks more than 4-5% of their account on a single trade deserves to blow their account. At that point you aren't trading, you are gambling. Don't pretend you are a trader when really you are just putting everything on red and hoping the roulette ball lands in the right spot. It's stupid and reckless and going to screw you very quickly. Let's do some math here: You put $2,000 into your trading account. Risking 1% means you are willing to lose $20 per trade. That means you are going to be trading micro lots, or 0.01 lots most likely ($0.10/pip). At that level you can have a trade stop loss at -200 pips and only lose $20. It's the best starting point for anybody. Additionally, if you SL 20 trades in a row you are only down $200 (or 10% of your account) which isn't that difficult to recover from. Risking 3% means you are willing to lose $60 per trade. You could do mini lots at this point, which is 0.1 lots (or $1/pip). Let's say you SL on 20 trades in a row. You've just lost $1,200 or 60% of your account. Even veteran traders will go through periods of repeat SL'ing, you are not a special snowflake and are not immune to periods of major drawdown. Risking 5% means you are willing to lose $100 per trade. SL 20 trades in a row, your account is blown. As Red Foreman would call it - Good job dumbass. Never risk more than 1% of your account on any trade until you can show that you are either consistently breaking even or making a profit. By consistently, I mean 200 trades minimum. You do 200 trades over a period of time and either break-even or make a profit, then you should be alright to increase your risk. Unfortunately, this is where many retail traders get greedy and blow it. They will do 10 trades and hit their profit target on 9 of them. They will start seeing huge piles of money in their future and get greedy. They will start taking more risk on their trades than their account can handle. 200 trades of break-even or profitable performance risking 1% per trade. Don't even think about increasing your risk tolerance until you do it. When you get to this point, increase you risk to 2%. Do 1,000 trades at this level and show break-even or profit. If you blow your account, go back down to 1% until you can figure out what the hell you did differently or wrong, fix your strategy, and try again. Once you clear 1,000 trades at 2%, it's really up to you if you want to increase your risk. I don't recommend it. Even 2% is bordering on gambling to be honest. LESSON 4 - THE 500 PIP DRAWDOWN RULE This is a rule I created for myself and it's a great way to help protect your account from blowing. Sometimes the market goes insane. Like really insane. Insane to the point that your broker can't keep up and they can't hold your orders to the SL and TP levels you specified. They will try, but during a flash crash like we had at the start of January 2019 the rules can sometimes go flying out the window on account of the trading servers being unable to keep up with all the shit that's hitting the fan. Because of this I live by a rule I call the 500 Pip Drawdown Rule and it's really quite simple - Have enough funds in your account to cover a 500 pip drawdown on your largest open trade. I don't care if you set a SL of -50 pips. During a flash crash that shit sometimes just breaks. So let's use an example - you open a 0.1 lot short order on USDCAD and set the SL to 50 pips (so you'd only lose $50 if you hit stoploss). An hour later Trump makes some absurd announcement which causes a massive fundamental event on the market. A flash crash happens and over the course of the next few minutes USDCAD spikes up 500 pips, your broker is struggling to keep shit under control and your order slips through the cracks. By the time your broker is able to clear the backlog of orders and activity, your order closes out at 500 pips in the red. You just lost $500 when you intended initially to only risk $50. It gets kinda scary if you are dealing with whole lot orders. A single order with a 500 pip drawdown is $5,000 gone in an instant. That will decimate many trader accounts. Remember my statements above about Forex being a cruel bitch of a mistress? I wasn't kidding. Granted - the above scenario is very rare to actually happen. But glitches to happen from time to time. Broker servers go offline. Weird shit happens which sets off a fundamental shift. Lots of stuff can break your account very quickly if you aren't using proper risk management. LESSON 5 - UNDERSTAND DIFFERENT TRADING METHODOLOGIES Generally speaking, there are 3 trading methodologies that traders employ. It's important to figure out what method you intend to use before asking for help. Each has their pros and cons, and you can combine them in a somewhat hybrid methodology but that introduces challenges as well. In a nutshell:
Price Action Trading (Sometimes called Naked Trading) is very effective at identifying when trends will start and finish. This gives you the advantage of staying ahead of the market and predicting when a change in trend direction will occur. It has the disadvantage of being really easy to screw it up if you don't plot your support and resistance lines properly and interpret the chart wrong. Because you can identify a change in trend direction, you'll generally make more profit on a new trend than a technical strategy will.
Technical Analytics (or TA) uses math and statistics to try and identify where the market is headed or confirm/reject whether a trend is happening. It has the advantage of being very math and stat driven which is hard to refute the numbers, but it has the disadvantage of being late to the party when it comes to identifying trends (hence why people call TA a lagging strategy). When people fail using TA, it's not because of the math - it's because you misinterpreted what the math is telling you.
Fundamental Analysis (or FA) uses news and macro scale events to predict what is going on. A really good example right now is Brexit, what a clusterfuck that is. Every time some major brexit news breaks it causes all sorts of choas in almost every currency pair. Fundamental trading has the highest potential profitability per trade but it also has the highest potential drawdown per trade.
Now you may be thinking that you want to be a a price action trader - you should still learn the principles and concepts behind TA and FA. Same if you are planning to be a technical trader - you should learn about price action and fundamental analysis. More knowledge is better, always. With regards to technical analysis, you need to really understand what the different indicators are tell you. It's very easy to misinterpret what an indicator is telling you, which causes you to make a bad trade and lose money. It's also important to understand that every indicator can be tuned to your personal preferences. You might find, for example, that using Bollinger Bands with the normal 20 period SMA close, 2 standard deviation is not effective for how you look at the chart, but changing that to say a 20 period EMA average price, 1 standard deviation bollinger band indicator could give you significantly more insight. LESSON 6 - TIMEFRAMES MATTER Understanding the differences in which timeframes you trade on will make or break your chosen strategy. Some strategies work really well on Daily timeframes (i.e. Ichimoku) but they fall flat on their face if you use them on 1H timeframes, for example. There is no right or wrong answer on what timeframe is best to trade on. Generally speaking however, there are 2 things to consider:
Speed - If you are scalping (trading on the really fast candles like 1M, 5M, 15M, etc) odds are your trades are very short lived. Maybe 10 minutes to an hour tops. For the most part, scalping strategies will produce little profit per trade but make up for it in the sheer volume of trades. Whereas swing trading may only make a few trades but each one could be worth a significant amount of money.
Spread (the fee you pay to the broker when you trade) - If you are a scalper, the spread is your worst enemy because you have to overcome it very fast to make a profit on your order. Whereas swing trading the spread hardly impacts you at all.
If you are a total newbie to forex, I suggest you don't trade on anything shorter than the 1H timeframe when you are first learning. Trading on higher timeframes tends to be much more forgiving and profitable per trade. Scalping is a delicate art and requires finesse and can be very challenging when you are first starting out. LESSON 7 - AUTOBOTS...ROLL OUT! Yeah...I'm a geek and grew up with the Transformers franchise decades before Michael Bay came along. Deal with it. Forex bots are called EA's (Expert Advisors). They can be wonderous and devastating at the same time. /Forex is not really the best place to get help with them. That is what /algotrading is useful for. However some of us that lurk on /Forex code EA's and will try to assist when we can. Anybody can learn to code an EA. But just like how 95% of retail traders fail, I would estimate the same is true for forex bots. Either the strategy doesn't work, the code is buggy, or many other reasons can cause EA's to fail. Because EA's can often times run up hundreds of orders in a very quick period of time, it's critical that you test them repeatedly before letting them lose on a live trading account so they don't blow your account to pieces. You have been warned. If you want to learn how to code an EA, I suggest you start with MQL. It's a programming language which can be directly interpretted by Meta Trader. The Meta Trader terminal client even gives you a built in IDE for coding EA's in MQL. The downside is it can be buggy and glitchy and caused many frustrating hours of work to figure out what is wrong. If you don't want to learn MQL, you can code an EA up in just about any programming language. Python is really popular for forex bots for some reason. But that doesn't mean you couldn't do it in something like C++ or Java or hell even something more unusual like JQuery if you really wanted. I'm not going to get into the finer details of how to code EA's, there are some amazing guides out there. Just be careful with them. They can be your best friend and at the same time also your worst enemy when it comes to forex. One final note on EA's - don't buy them. Ever. Let me put this into perspective - I create an EA which is literally producing money for me automatically 24/5. If it really is a good EA which is profitable, there is no way in hell I'm selling it. I'm keeping it to myself to make a fortune off of. EA's that are for sale will not work, will blow your account, and the developer who coded it will tell you that's too darn bad but no refunds. Don't ever buy an EA from anybody. LESSON 8 - BRING ON THE HATERS You are going to find that this subreddit is frequented by trolls. Some of them will get really nasty. Some of them will threaten you. Some of them will just make you miserable. It's the price you pay for admission to the /Forex club. If you can't handle it, then I suggest you don't post here. Find a more newbie-friendly site. It sucks, but it's reality. We often refer to trolls on this subreddit as shitcunts. That's your word of the day. Learn it, love it. Shitcunts. YOU MADE IT, WELCOME TO FOREX! If you've made it through all of the above and aren't cringing or getting scared, then welcome aboard the forex train! You will fit in nicely here. Ask your questions and the non-shitcunts of our little corner of reddit will try to help you. Assuming this post doesn't get nuked and I don't get banned for it, I'll add more lessons to this post over time. Lessons I intend to add in the future:
Why you will blow your first account and what to do when it happens
Trading Psychology (this will be a beefy one and will take a while to put together)
Exotics vs Majors and which you should focus on as a newbie (aka how to blow your account in a single trade with exotics)
The coronavirus has changed everything. When analysts gave forecasts for 2020 at the end of last year, no one could foresee that the whole world would be seized by the pandemic. Call it a “black swan” or not, it’s necessary to re-evaluate the situation and adjust the medium- and the long-term outlook. Below you will find the analysis of the main Forex drivers and the overview of the prospects for the key commodities.
In 2019, economists had some fears of a potential US recession. Well, they were right not only about the USA, but also about the whole world as lockdowns pushed every country to the deep downturn. Now it’s clear that earlier the view was naturally more optimistic. How encouraging the US unemployment rate and NFP were at the end of 2019! We couldn’t imagine at that time that more than 33 million Americans would lose jobs and economic activity would fall to unprecedented lows. The Fed made a dire scenario for the prolonged US recession. All the needed measures have been taken, almost 3 trillion dollars were provided to support the market and additional aids are expected. Anyway, the US dollar gains as a safe-haven currency. The collapse of USD this year remains highly unlikely.
Central banks’ monetary policy
In December, we expected the Federal Reserve to be patient in its monetary policy decisions. At the same time, we didn’t underestimate the power of rate cuts due to recession fears. Coronavirus outbreak flipped the script with the Federal Reserve unveiling outstanding measures to support the suffering economy. The first rate cut from 1.5-1.75% to 1-1.25% happened at the beginning of March and was followed by an even bigger rate cut to the range of 0-0.25% just after a week. At the same time, the regulator announced an unlimited buying of mortgage-backed securities and plans to buy corporate bonds and bonds backed by consumer debt. Moreover, the Fed Chair Jerome Powell didn’t exclude the possibility of negative interest rates. Even though our forecasts were not 100% accurate, the upside for the USD has been indeed limited. As for the stock market, after a shock wave caused by Covid-19, the ultra-loose monetary policy pushed the indices up. Other major central banks also joined the easing game. The Reserve banks of Australia and New Zealand cut their interest rate to unprecedented lows of 0.25%. The Bank of England and the Bank of Canada lowered their interest rate as well to 0.1% and 0.25% respectively. As for the European Central bank, it keeps the zero interest rate on hold. The supportive tool the ECB presented is the 750 billion euro Pandemic Emergency Purchase Programme (PEPP) aimed to counter the serious risks to the outlook of the Eurozone.
As all major central banks conduct almost similar easing policy, the Forex pairs can fluctuate within certain levels for a long period. That is actually a good news for range-bound traders, as channels are expected to remain quite strong.
ECB The European Central Bank let the market know that it was aiming to do whatever it takes to save the euro area from the coronavirus damage. However, trouble always brings his brother: Germany was so tired to be the sponsor of the unlimited bond-purchasing ECB program that the German court claimed that it actually violated constitution. Now, the ECB has three months to explain that purchases were "proportionate". The ECB credibility is under threat as Germany may pull out of the next ECB's bond purchases. This situation has made euro quite volatile.
Boris Johnson hasn’t kept his promise “to get Brexit done” yet. However, we can forgive him for that as this year brings much worse problems to deal with. Now, when countries are getting over the coronavirus shock, the UK and EU should hold the last round of trade talks and finalize an agreement by the end of December. Some analysts are skeptical about that. They think the deadline could be extended beyond the end of December, leaving the UK subject to tariffs on most goods. This would be devastating for the British pound. The sooner the UK and EU make a deal, the better for GBP.
Oil prices spent last year between $50 and $70. December was positive with the US and China ceasing fire in the trade war and OPEC extending production cuts. Possibility of a scenario where prices drop to 0 and below was absolutely inconceivable even for the most pessimistic observers, and yet it came true. It marked the beginning of 2020 with historically unseen turbulence, even apart from the coronavirus hit. In the long term, however, there are all fundamentals for oil prices to get back to where they were. However, that may not happen this year. Observers predict that oil prices will recover to the levels of $55-60 if there is nothing in the way during the year. Otherwise, $30 is seen as the safest baseline level for the commodity during 2020.
Just like in 2019, the stock market had a nightmarish beginning of 2020. S&P lost 35%, with some stocks losing more than 50% of value. As the summer season is coming, the market sees 50% of the losses recovered in most sectors. While the shape of recovery is being discussed, most analysts agree that after the worst-performing Q2, the S&P will continue restoring its value. Notice that the situation is different for different stocks. Locked by the anti-virus restrictions, most of the world population was forced to spend weeks and months at home facing their TVs, laptops, and desktops. That made strong Internet-related companies blossom, so we saw Amazon and Netflix rise to even higher value than before the virus. On the contrary, the healthcare sector struggling to invent the vaccine saw Moderna, BionTech, Inovio, and other new and old pharma companies surge to unexpected heights.
IT and Internet communications companies will likely gain much more attention during the year.
Google, Nvidia, Disney, Apple, and many more around the IT and Internet sectors have the full potential to spearhead the S&P in 2020 and further on.
Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy. The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services. The laissez-faire marketplace operates without checks or controls. Today, most countries practice a mixed capitalist system that includes some degree of government regulation of business and ownership of select industries. Volume 75% 2:05
Functionally speaking, capitalism is one process by which the problems of economic production and resource distribution might be resolved. Instead of planning economic decisions through centralized political methods, as with socialism or feudalism, economic planning under capitalism occurs via decentralized and voluntary decisions.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector.
Capitalism depends on the enforcement of private property rights, which provide incentives for investment in and productive use of productive capital.
Capitalism developed historically out of previous systems of feudalism and mercantilism in Europe, and dramatically expanded industrialization and the large-scale availability of mass-market consumer goods.
Pure capitalism can be contrasted with pure socialism (where all means of production are collective or state-owned) and mixed economies (which lie on a continuum between pure capitalism and pure socialism).
The real-world practice of capitalism typically involves some degree of so-called “crony capitalism” due to demands from business for favorable government intervention and governments’ incentive to intervene in the economy.
Capitalism and Private Property
Private property rights are fundamental to capitalism. Most modern concepts of private property stem from John Locke's theory of homesteading, in which human beings claim ownership through mixing their labor with unclaimed resources. Once owned, the only legitimate means of transferring property are through voluntary exchange, gifts, inheritance, or re-homesteading of abandoned property. Private property promotes efficiency by giving the owner of resources an incentive to maximize the value of their property. So, the more valuable the resource is, the more trading power it provides the owner. In a capitalist system, the person who owns the property is entitled to any value associated with that property. For individuals or businesses to deploy their capital goods confidently, a system must exist that protects their legal right to own or transfer private property. A capitalist society will rely on the use of contracts, fair dealing, and tort law to facilitate and enforce these private property rights. When a property is not privately owned but shared by the public, a problem known as the tragedy of the commons can emerge. With a common pool resource, which all people can use, and none can limit access to, all individuals have an incentive to extract as much use value as they can and no incentive to conserve or reinvest in the resource. Privatizing the resource is one possible solution to this problem, along with various voluntary or involuntary collective action approaches.
Capitalism, Profits, and Losses
Profits are closely associated with the concept of private property. By definition, an individual only enters into a voluntary exchange of private property when they believe the exchange benefits them in some psychic or material way. In such trades, each party gains extra subjective value, or profit, from the transaction. Voluntary trade is the mechanism that drives activity in a capitalist system. The owners of resources compete with one another over consumers, who in turn, compete with other consumers over goods and services. All of this activity is built into the price system, which balances supply and demand to coordinate the distribution of resources. A capitalist earns the highest profit by using capital goods most efficiently while producing the highest-value good or service. In this system, information about what is highest-valued is transmitted through those prices at which another individual voluntarily purchases the capitalist's good or service. Profits are an indication that less valuable inputs have been transformed into more valuable outputs. By contrast, the capitalist suffers losses when capital resources are not used efficiently and instead create less valuable outputs.
Free Enterprise or Capitalism?
Capitalism and free enterprise are often seen as synonymous. In truth, they are closely related yet distinct terms with overlapping features. It is possible to have a capitalist economy without complete free enterprise, and possible to have a free market without capitalism. Any economy is capitalist as long as private individuals control the factors of production. However, a capitalist system can still be regulated by government laws, and the profits of capitalist endeavors can still be taxed heavily. "Free enterprise" can roughly be understood to mean economic exchanges free of coercive government influence. Although unlikely, it is possible to conceive of a system where individuals choose to hold all property rights in common. Private property rights still exist in a free enterprise system, although the private property may be voluntarily treated as communal without a government mandate. Many Native American tribes existed with elements of these arrangements, and within a broader capitalist economic family, clubs, co-ops, and joint-stock business firms like partnerships or corporations are all examples of common property institutions. If accumulation, ownership, and profiting from capital is the central principle of capitalism, then freedom from state coercion is the central principle of free enterprise.
Feudalism the Root of Capitalism
Capitalism grew out of European feudalism. Up until the 12th century, less than 5% of the population of Europe lived in towns. Skilled workers lived in the city but received their keep from feudal lords rather than a real wage, and most workers were serfs for landed nobles. However, by the late Middle Ages rising urbanism, with cities as centers of industry and trade, become more and more economically important. The advent of true wages offered by the trades encouraged more people to move into towns where they could get money rather than subsistence in exchange for labor. Families’ extra sons and daughters who needed to be put to work, could find new sources of income in the trade towns. Child labor was as much a part of the town's economic development as serfdom was part of the rural life.
Mercantilism Replaces Feudalism
Mercantilism gradually replaced the feudal economic system in Western Europe and became the primary economic system of commerce during the 16th to 18th centuries. Mercantilism started as trade between towns, but it was not necessarily competitive trade. Initially, each town had vastly different products and services that were slowly homogenized by demand over time. After the homogenization of goods, trade was carried out in broader and broader circles: town to town, county to county, province to province, and, finally, nation to nation. When too many nations were offering similar goods for trade, the trade took on a competitive edge that was sharpened by strong feelings of nationalism in a continent that was constantly embroiled in wars. Colonialism flourished alongside mercantilism, but the nations seeding the world with settlements were not trying to increase trade. Most colonies were set up with an economic system that smacked of feudalism, with their raw goods going back to the motherland and, in the case of the British colonies in North America, being forced to repurchase the finished product with a pseudo-currency that prevented them from trading with other nations. It was Adam Smith who noticed that mercantilism was not a force of development and change, but a regressive system that was creating trade imbalances between nations and keeping them from advancing. His ideas for a free market opened the world to capitalism.
Growth of Industrial Capitalism
Smith's ideas were well-timed, as the Industrial Revolution was starting to cause tremors that would soon shake the Western world. The (often literal) gold mine of colonialism had brought new wealth and new demand for the products of domestic industries, which drove the expansion and mechanization of production. As technology leaped ahead and factories no longer had to be built near waterways or windmills to function, industrialists began building in the cities where there were now thousands of people to supply ready labor. Industrial tycoons were the first people to amass their wealth in their lifetimes, often outstripping both the landed nobles and many of the money lending/banking families. For the first time in history, common people could have hopes of becoming wealthy. The new money crowd built more factories that required more labor, while also producing more goods for people to purchase. During this period, the term "capitalism"—originating from the Latin word "capitalis," which means "head of cattle"—was first used by French socialist Louis Blanc in 1850, to signify a system of exclusive ownership of industrial means of production by private individuals rather than shared ownership. Contrary to popular belief, Karl Marx did not coin the word "capitalism," although he certainly contributed to the rise of its use.
Industrial Capitalism's Effects
Industrial capitalism tended to benefit more levels of society rather than just the aristocratic class. Wages increased, helped greatly by the formation of unions. The standard of living also increased with the glut of affordable products being mass-produced. This growth led to the formation of a middle class and began to lift more and more people from the lower classes to swell its ranks. The economic freedoms of capitalism matured alongside democratic political freedoms, liberal individualism, and the theory of natural rights. This unified maturity is not to say, however, that all capitalist systems are politically free or encourage individual liberty. Economist Milton Friedman, an advocate of capitalism and individual liberty, wrote in Capitalism and Freedom (1962) that "capitalism is a necessary condition for political freedom. It is not a sufficient condition." A dramatic expansion of the financial sector accompanied the rise of industrial capitalism. Banks had previously served as warehouses for valuables, clearinghouses for long-distance trade, or lenders to nobles and governments. Now they came to serve the needs of everyday commerce and the intermediation of credit for large, long-term investment projects. By the 20th century, as stock exchanges became increasingly public and investment vehicles opened up to more individuals, some economists identified a variation on the system: financial capitalism.
Capitalism and Economic Growth
By creating incentives for entrepreneurs to reallocate away resources from unprofitable channels and into areas where consumers value them more highly, capitalism has proven a highly effective vehicle for economic growth. Before the rise of capitalism in the 18th and 19th centuries, rapid economic growth occurred primarily through conquest and extraction of resources from conquered peoples. In general, this was a localized, zero-sum process. Research suggests average global per-capita income was unchanged between the rise of agricultural societies through approximately 1750 when the roots of the first Industrial Revolution took hold. In subsequent centuries, capitalist production processes have greatly enhanced productive capacity. More and better goods became cheaply accessible to wide populations, raising standards of living in previously unthinkable ways. As a result, most political theorists and nearly all economists argue that capitalism is the most efficient and productive system of exchange.
Capitalism vs. Socialism
In terms of political economy, capitalism is often pitted against socialism. The fundamental difference between capitalism and socialism is the ownership and control of the means of production. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production. However, other differences also exist in the form of equity, efficiency, and employment.
The capitalist economy is unconcerned about equitable arrangements. The argument is that inequality is the driving force that encourages innovation, which then pushes economic development. The primary concern of the socialist model is the redistribution of wealth and resources from the rich to the poor, out of fairness, and to ensure equality in opportunity and equality of outcome. Equality is valued above high achievement, and the collective good is viewed above the opportunity for individuals to advance.
The capitalist argument is that the profit incentive drives corporations to develop innovative new products that are desired by the consumer and have demand in the marketplace. It is argued that the state ownership of the means of production leads to inefficiency because, without the motivation to earn more money, management, workers, and developers are less likely to put forth the extra effort to push new ideas or products.
In a capitalist economy, the state does not directly employ the workforce. This lack of government-run employment can lead to unemployment during economic recessions and depressions. In a socialist economy, the state is the primary employer. During times of economic hardship, the socialist state can order hiring, so there is full employment. Also, there tends to be a stronger "safety net" in socialist systems for workers who are injured or permanently disabled. Those who can no longer work have fewer options available to help them in capitalist societies.
Mixed System vs. Pure Capitalism
When the government owns some but not all of the means of production, but government interests may legally circumvent, replace, limit, or otherwise regulate private economic interests, that is said to be a mixed economy or mixed economic system. A mixed economy respects property rights, but places limits on them. Property owners are restricted with regards to how they exchange with one another. These restrictions come in many forms, such as minimum wage laws, tariffs, quotas, windfall taxes, license restrictions, prohibited products or contracts, direct public expropriation, anti-trust legislation, legal tender laws, subsidies, and eminent domain. Governments in mixed economies also fully or partly own and operate certain industries, especially those considered public goods, often enforcing legally binding monopolies in those industries to prohibit competition by private entities. In contrast, pure capitalism, also known as laissez-faire capitalism or anarcho-capitalism, (such as professed by Murray N. Rothbard) all industries are left up to private ownership and operation, including public goods, and no central government authority provides regulation or supervision of economic activity in general. The standard spectrum of economic systems places laissez-faire capitalism at one extreme and a complete planned economy—such as communism—at the other. Everything in the middle could be said to be a mixed economy. The mixed economy has elements of both central planning and unplanned private business. By this definition, nearly every country in the world has a mixed economy, but contemporary mixed economies range in their levels of government intervention. The U.S. and the U.K. have a relatively pure type of capitalism with a minimum of federal regulation in financial and labor markets—sometimes known as Anglo-Saxon capitalism—while Canada and the Nordic countries have created a balance between socialism and capitalism. Many European nations practice welfare capitalism, a system that is concerned with the social welfare of the worker, and includes such policies as state pensions, universal healthcare, collective bargaining, and industrial safety codes.
Crony capitalism refers to a capitalist society that is based on the close relationships between business people and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the government in the form of tax breaks, government grants, and other incentives. In practice, this is the dominant form of capitalism worldwide due to the powerful incentives both faced by governments to extract resources by taxing, regulating, and fostering rent-seeking activity, and those faced by capitalist businesses to increase profits by obtaining subsidies, limiting competition, and erecting barriers to entry. In effect, these forces represent a kind of supply and demand for government intervention in the economy, which arises from the economic system itself. Crony capitalism is widely blamed for a range of social and economic woes. Both socialists and capitalists blame each other for the rise of crony capitalism. Socialists believe that crony capitalism is the inevitable result of pure capitalism. On the other hand, capitalists believe that crony capitalism arises from the need of socialist governments to control the economy. SPONSORED
Rich people can afford to live anywhere in the world. However, nearly three-quarters of the Earth's billionaires live in just ten countries. As noted in the Wealth-X "2019 World Ultra Wealth Report", 72% of super-wealthy people, namely 265,490 people, live in 5 countries, which ITRADER will discuss below. 5th place: Canada Number of Wealthy Residents: 10,395 https://preview.redd.it/l1du6zrt5jq31.png?width=1200&format=png&auto=webp&s=c1eb3a5e39bf79eee0753994da01a0b669642061 Their total fortune: $ 1.05 trillion Technologically and industrially developed the state, Canada has a diversified economy based on precious natural resources and trade (in particular, with the USA, with which Canada has been cooperating comprehensively since the colonies and the founding of the confederation). 4th place: Germany Number of Wealthy Residents: 15,685 https://preview.redd.it/xex30dnv5jq31.png?width=1200&format=png&auto=webp&s=2fb87715931b58b5b00ae6d06c31a36267a33e3d Their total fortune: $ 1.85 trillion As a global leader in several industrial and technological sectors, it is the world's third-largest exporter and importer of goods. Germany is a developed country with a very high standard of living. 3rd place: Japan Number of Wealthy Residents: 17,855 https://preview.redd.it/0ijq1nxx5jq31.png?width=1280&format=png&auto=webp&s=bdb2755eeb776692ba7e12006e75ab1e3d517137 Their total fortune: $ 1.67 trillion As a tremendous economic power, Japan ranks third in the world in terms of nominal GDP and fourth in terms of GDP, calculated at purchasing power parity. Japan is the fourth-largest exporter and sixth largest importer. The country is a developed country with a very high standard of living. 2nd place: China Number of Wealthy Residents: 24,965 https://preview.redd.it/ri3drvgz5jq31.png?width=1200&format=png&auto=webp&s=b39aa839e894274d892d4dba1f5ef136ec234af4 Their total fortune: $ 3.76 trillion China is a world leader in the production of most types of industrial products, including automobile production and consumer demand. The largest world exporter. It has the world's largest gold and currency reserves. The richest man in China is Wang Jianlin. 1st place: USA Number of Wealthy Citizens: 81,340 https://preview.redd.it/ligvw5w06jq31.png?width=1200&format=png&auto=webp&s=1bf8f0745eacc25e7ae3bda14c742ff3363b6827 Their total fortune: $ 9.84 trillion The United States is a highly developed country with the first economy in the world in nominal GDP and the second in GDP (PPP). Although the country's population is only 4.3% of the global population, Americans own about 40% of the world's total wealth. The richest man in the United States is businessman Jeff Bezos. You can find more information about the stock market, commodity market, and FOREX on the ITRADER site. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% 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. Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
There are many popular currency pairs and there is a difference in outlook in all the major currency pairs and the list is always not definite. The list of 6 major currency pairs which will be presented is not best to worst but randomly selecting 6 major currency pairs
Our first pick is EUUSD as it is one of the highest traded forex pairs around the globe. The euro, in this case, is base currency while the us dollar is the quote currency meaning that how many dollars you will need in order to purchase one euro. This currency pair is less volatile than other pairs as both of these currencies are backed by world’s two greatest economies.
In this currency pair, the GBP is used as base currency and USD as a quote currency showing how many US dollars you will be needing to purchase one pound. This currency pair is also known as ‘cable’ as they used deep-sea cables in order to transfer price info between New York and London.
In this case, the difference between the two currencies is very large but still this is a very major currency pair because of the low-interest rate policies of the bank of japan. In this currency pair the USD is used as base currency and JPY as a quote currency showing how many Japanese Yen you will be needing to purchase one US Dollar.
Just like yen, the Swiss franc is popular for its safe-haven investment that’s is why the Swiss Franc currency is popular among traders as it has lower amount of risk. In this currency pair the USD is used as base currency and CHF as a quote currency showing how many Swiss franc currency you will be needing to purchase one US Dollar.
In this currency pair, the USD is used as base currency and AUD as a quote currency showing how many Australian Dollars you will be needing to purchase one US Dollar. If you want to start trading between this pair you have to keep updated on the commodities as it tends to affect the overall currency fluctuation in Australian dollars.
In this currency pair, the USD is used as base currency and CAD as a quote currency showing how many Canadian Dollars you will be needing to purchase one US Dollar. The value of Canadian dollars depends on the price of oil as Canada’s main export is Oil. So when trading keeping price of oil in mind can drastically change the overall result. Want know more please visit our Website : Signal Skyline
Facebook is exploring the possibility of introducing a feature that allows you to hide the number of likes under user posts in the news feed, TechCrunch writes. https://preview.redd.it/ml3vxxc0zdk31.jpg?width=275&format=pjpg&auto=webp&s=6707c721eb5bd94cedd34fdb68a4f94c9801af57 The first attention was paid to this by Twitter user and portal expert Jane Wong. She published screenshots of the social network application for Android. The screenshots do not show how many users like posts. The list of people who responded to the post remains available, but their number is hidden. "Interestingly, likes/reaction counts on comments are not yet hidden for now. But this could be due to the nature of this feature being in an early stage of development". Facebook confirmed to TechCrunch that they are considering testing the version without a like counter. However, the company noted that it is not yet available to users. According to the publication, hiding the number of likes can reduce pressure on users and encourage them to share publications more often. Facebook is gradually becoming a social network where users share vivid life events, while Instagram and Snapchat are more often used to exchange everyday information, TechCrunch notes. Facebook wants to avoid cases where users decide not to post, because, in their opinion, they will not collect enough likes, the article says. In April, TechCrunch found out that Instagram began testing the feature that hides likes. The fact that the company is testing a new design also said, Jane Wong. Refusal from likes can become part of a campaign to change user behavior, which currently depends on their number, the portal noted. In mid-July, Instagram announced that it had launched an experimental feature in several countries that hide the number of likes for users' friends. The changes affected Australia, Brazil, Ireland, Italy, Canada, New Zealand, and Japan. Test results on Instagram have not yet been revealed, TechCrunch notes. You can find more information about the stock market, commodity market, and FOREX on the ITRADERsite. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% 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. Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
There are many billionaires who have achieved extraordinary success by themselves and know very well what it means to be very poor. Today ITRADER will talk about successful CEOs of American companies that were immigrants, but their success led to the success of American business. Sundar Pichai https://preview.redd.it/zbbmgkwnskg31.png?width=770&format=png&auto=webp&s=7ae6f7744511214c78648352bccc15128d304d68 Pichai was born in Chennai, (India). He received a bachelor's degree in technical sciences from the Indian Institute of Technology in Kharagpur in the field of metallurgy (Bachelor of Technology). He got a master's degree from Stanford University in materials science and engineering and an MBA from the Wharton School of Business. There he became the talented students Siebel Scholars and Palmer Scholar. Pichai switched to Google in 2004, where he led the management and innovation areas of Google's customer-oriented product lines, including Google Chrome and Chrome OS, and was primarily responsible for Google Drive. Elon Musk https://preview.redd.it/s8i9ucbqskg31.png?width=1024&format=png&auto=webp&s=9d4ebf9268a98b4d122f85bf5afd45dbf4bd40ef Elon Musk is a co-founder of PayPal. A founder, co-owner, CEO and chief engineer of SpaceX. Tesla CEO and ideological mastermind. He also served on the board of directors of SolarCity, a company founded by his cousins, before its merger with Tesla. Musk was born and raised in Pretoria (South Africa) in the family of engineer Errol Musk. Only in 1989 did he receive Canadian citizenship. In Canada, the future millionaire lived on $ 1 per day. Musk became a US citizen only in 2002. He received a bachelor's degree from the University of Pennsylvania. Then he entered Stanford University but did not finish his studies at Stanford. Sergey Brin https://preview.redd.it/yrlmljosskg31.png?width=800&format=png&auto=webp&s=e519daff849b492447261d8fd95b256f02f00158 Sergey Brin is an American entrepreneur and scientist in the field of computer technology, information technology, and economics, a billionaire (20th place in the world), the developer and founder (together with Larry Page) of the Google search engine. Lives in the city of Los Altos (California). Sergey Brin was born in Moscow into a Jewish family of mathematicians who moved to the United States for permanent residence in 1979 when he was five years old. Sergey Brin's parents are graduates of the Faculty of Mechanics and Mathematics of Moscow State University (1970 and 1971). His parents emigrated to the United States when Sergey was a child. He was six years old. You can find more information about the stock market, commodity market, and FOREX on the ITRADER site. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% 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. Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
The Importance Of Choosing The Right Forex Broker And How to Do It
One of the most common ways of getting started with Forex trading is through a Forex broker. When you are a beginner Forex trader you are most likely to opt for the same alternative, but the mistake that most rookie traders make is choosing the wrong broker. If your first step does not go right then you can merely depend on luck and in a competitive field like the Forex market, being lucky is very rare. The best alternative is to have the right information and also use it well. If you are thinking that how a Forex broker can be so important, here it is. The broker you choose will be the one that will be keeping your invested money in the account. Apart from this, a good broker will also be providing you their expertise about the changes happening in the market. This expertise comes with a fee but it is a small amount to pay for the information that can help you not just earn profits but also convert a loss into no loss. Elite Trading Strategist Choosing The Perfect Broker A good broker will be transparent regarding his fees, commissions, etc. but mostly it is not the case. If you have not done your research on a broker, well you might have to face some unwelcome surprises. So you do not have to face all these unpleasantness, here is a guide to choose the right broker. Hafizzat Rusli trading masterclass
1. Figure Yourself Out As An Investor
Different brokers offer different kinds of services and you will have to figure which kind of service will suit you the most. Whether you are going to invest big or small, how often you would like to invest, these are the things that can help make a final choice but that is not it. Choosing the right broker takes a lot more than this.
2. Figuring Your Affordability
The brokerage companies charge you a transaction fee. If you are a beginner and invested a small amount just to try your luck or to gain initial experience. Turns out you earned the profit, but what if the brokerage fee is 2 times more than what you earned. This will be the kind of shock that will leave you feeling humiliated for not choosing wisely. As a beginner choose the broker with less fee but also make sure if the account being provided is secure. The next point is about all that.
3. Always Choose A Regulated Broker Firm
A regulated is important to choose because that will automatically take care of the various security issues. If you are choosing a broker in the United States of America, he will be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Similar organizations are present in France, Germany, United Kingdom, Austria, Canada, and Switzerland. The presence of regulating organizations does not mean that all the brokers are regulated so pick wisely. If you want to be sure if your broker is actually registered under the NFA, you can visit the website of NFA and cross-check to be sure and safe.
4. Be Thoroughly Informed About The Terms And Conditions Of The Brokerage Firm
The rules and regulations of a brokerage firm can be tricky to understand at times. If you do not take your time to understand these terms well and choose the broker just like that, there will be times when you will want to change the past but will not be able to. For example, some brokerage firms do not allow you to withdraw your investment or trade it instantly. In situations like these, you will be at a major loss. Although such terms also come with benefits, but that depends on the kind of investor you are. With some brokers, the rules are as such that closing your account will be a tedious task. The broker does not want to lose you as a client and he/she can try various things for this. So, if you are willing to withdraw back you might have to waste a week's time or more with unnecessary things like filling lengthy forms, speak to the company's representative, take surveys, etc.
5. Find Out If You Will Get 24/6 coverage
24/6 means that you can consult your firm's customer service anytime between Sunday afternoon and Friday afternoon. Before you finally invest, put your broker through a small test. Give a call and see how quick and relevant are the responses from the broker's end. Apart from choosing the right broker, you will also need to have a mentor to learn more about currency analysis and other factors responsible for Forex trading. You can always look up for a trading course online but if you want the best then Ha is your answer. to know more about his Forex trading course click here.
China has become the center of development of the global economy, and Chinese companies have shown excellent financial performance in recent years. Fortune magazine ranked the 500 largest Chinese companies. The joint profit of China's three most profitable companies reached 1.46 trillion yuan, accounting for 40.3% of the total benefit of all companies, the study said. Below we will talk about the three most profitable companies in China. 3rd place: China Construction Bank China Construction Bank is one of the largest banks in China. https://preview.redd.it/xftchyzts0g31.png?width=2000&format=png&auto=webp&s=b69291b546c39a1dd9ecbea1578e813496884420 The China Construction Bank network has 14,925 branches in mainland China, as well as ten branches outside (in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, Sydney, Taipei, New York, and Ho Chi Minh City). And a number of subsidiary banks, such as CCB Principal Asset Management (asset management services), CCB Financial Leasing (lending), CCB Trust (trust fund), CCB Life (insurance), Sino-German Bausparkasse (Sino-German building society), CCB Asia (Asia), CCB London (UK subsidiary), CCB Russia (Russian subsidiary), CCB Dubai (Dubai subsidiary) and CCB International. 2nd place: Bank of China Bank of China is a Chinese financial group formed based on the oldest of the current Chinese banks. Headquarters - in Beijing. https://preview.redd.it/q3t6ctels0g31.png?width=5000&format=png&auto=webp&s=a4867c8145eec436df553bbe830a9e65d49d6193 The main activity is commercial banking; it accounts for 90% of operating profit; this area includes corporate banking (42%), private banking (33%) and treasury operations (15%). The main region of activity is in mainland China (PRC, excluding Hong Kong and Macau). Hong Kong, Macau, and Taiwan account for 17% of assets and 23% of operating profit. The group's overseas network consists of 545 branches in 53 countries, the most significant presence in Canada, the UK, and Singapore. 1st place: Industrial and Commercial Bank of China ICBC is China's largest commercial bank. The company enters the Big Four of the largest state-owned banks in China (along with Bank of China, Agricultural Bank of China and China Construction Bank). https://preview.redd.it/qdbtqequq0g31.png?width=1015&format=png&auto=webp&s=f516b5afcf2a1455d9530a34f586b85ae6faa919 The PRC government owns the majority stake through several state-owned investment companies. In general, ICBC has more than 500 thousand shareholders. ICBC controls a fifth of China's banking sector. The main region of activity is the People's Republic of China: it accounts for more than 90% of the bank's revenue and assets (with half of the foreign activity accounted for by the special administrative regions of the PRC of Hong Kong and Macau). The bank's overseas network includes 419 organizations in 45 countries and is also present in 20 more African countries through partnership with the South African Standard Bank. You can find more information about the stock market, commodity market, and FOREX on the ITRADER site. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% 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. Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
Although it might seem easy to invest in Forex nowadays, by just logging into an account with a broker, deposit some money and start actively trading; it has not always been like this, as forex industry has rapidly changed in the past three decades. Before technology and free-floating currencies took over the industry, world currency exchanges were operating under the Bretton Woods System of Money Management. This agreement established rules for commercial and financial relations among top economies, tying their currencies to gold. Hence, a currency note issued by any world government represented a real amount of gold held in a vault by that nation. When in July 1944 delegates from all over the world sign off the pact, the main goal was to reduce lack of cooperation between countries and therefore avoiding currency wars. This process of regulating the foreign exchange brought to the foundation of the international money fund (IMF) and the International Bank of Reconstruction and Development (IBRD), today part of World bank Group. However, in the early 70s the real-world economics outpaced the system, dollar suffered from severe inflation cutting its value by half. At that time unemployment rate was 6.1% and inflation 5.84%. Finally, in August 1971, U.S. government led by Richard Nixon took away gold standard, creating the first fiat currency and replacing Bretton Woods System with De Facto. Together with this there were other important measures taken by the USA president to combat that high inflation regime:
This decision was driven by many European nations asking to redeem their dollars for gold, till leaving Bretton Woods System. This had an enormous impact on USD which plunged against European currencies. Consequently, USA congress release a report suggesting USD devaluation to protect the currency from foreign gougers. However, dollar dropped again, and Treasury Secretary was directed to suspend the USD convertibility with gold; hence foreign governments could no longer exchange their USD with gold.
The inflation level was skyrocketing and one more action taken by Nixon was to freeze all wages and prices for 90 days, this was the first time since WWII.
Import surcharge of 10% was set up to safeguard American products ensuring no disadvantage in trades.
Today, USD dominates financial markets, accounting together with the EURO, for approximately 50% of all currency exchange transactions in the world. 1971 represents the beginning of a new forex trading era, bringing this market to be the largest and most liquid in the world, with an average of daily trading volume exceeding $5trn. All the world’s combined stock markets don t even come close to this, what does this mean to you? In an environment which is controlled by free-floating currencies moving constantly, following principles of supply and demand, there are constant and exciting trading opportunities, unavailable when investing in different markets. In this article are shared main features of what is forex trading today and how can be an incredible new source of income for everyone who is into financial markets.
What Is Forex?
Forex is the acronym for foreign exchange which intends to be a decentralized or over the counter (OTC) marketplace, where currencies from all over the world are traded 24 hours, five days a week. Main financial centres include New York, Chicago, London, Tokyo and Frankfurt for Eurozone. It is by far the largest market in the world in terms of volume, followed by the credit market. Being highly liquid is an important feature that allows traders to be able to enter and exit their positions very quickly. Nevertheless, while trading forex, an investor should be aware of several components: Dynamicity – forex is an extremely fast environment, this means that currency rates can move very fast, influenced by price action signals and fundamental factors. Therefore, going into forex trading, one needs to be aware of adopting serious risk and money management strategies in order to be effective, limiting losses. Zero Sum Game – trading forex is not like investing in the stock market but is known to be a zero-sum game. For example, going into the equity market buying some tech shares, they could both rise or decrease in value. In forex is different because currencies work in pairs; for instance, an investor decides Euro will go up he or she is doing it against another currency. Thus, in this specific marketplace one currency will rise while the other will fall, meaning an investor is buying the currency hoping it will appreciate to the other, or selling the one that will depreciate. See image below: Figure 1: Main traded currency pairs https://preview.redd.it/vu77ziuoyle31.png?width=574&format=png&auto=webp&s=9b1693bf27508fcb142705c309de1fc5b3e8fa19 Currency pairs are composed by a base and a price currency. Main forex trading principle is how much price currency an investor can buy using 1 unit of the base, thus, the base currency, which is the first one in line within the quotation, is always equal to 1. Because like every financial instrument currency pairs are driven by fundamentals of supply and demand, forex is intensively influenced by geopolitical and macroeconomic factors. Capital Markets – these are the most visible indicators of a country economic health, where usually the healthier the economy the stronger the currency. For example, a rapid sell-off from a country will show that nation is not economically stable, subsequently investors will think negatively of it depreciating its currency. Moreover, many countries are sector driven, this means that their currencies are strictly correlated with certain resources. For instance, Canada which is a commodity-based market, CAD is strictly linked to price of Brent and metals, a swing in those will affect the Canadian currency. Finally, credit market is also connected to forex since also relies heavily on interest rate so, a change in bond yield will have major impact on currency prices. like increase in yield will favour bullish market for USD International Trade – Trade levels serve as a proxy for relative demand of goods from a nation, a country which goods and services that are in high demand internationally, will experience an appreciation to its currency. This is an effect driven by all other countries converting their currencies into the one of that state to purchase its goods and services. Let’s say a product from USA is in high demand globally, all the other countries must sell their currencies to buy dollars to then see their goods shipped, thus USD will appreciate. Trade surplus and deficit also indicate a nation competitive standing in international trade. Countries with a large trade deficit are usually importers resulting in more of their currencies being sold to buy goods worldwide, thus they will see their currencies devaluate. Geopolitics – The political landscape of a nation places a major role in the economic outlook for that country and consequently, the perceived value of its own currency. Beside building up price action strategies, based purely on price levels, forex traders constantly look at economic calendars and news to gauge what could move currencies. A geopolitical event which is having a great impact on GBP, is the election of Boris Johnson as UK prime minister, driving the local currency to 2 years low, yesterday 29th of July 2019. Therefore, when investors observe instability from a nation political environment, there are high chances that the currency of that country will depreciate.
Why Trading Forex
Beside swapping from a gold standard to free-floating, which change the whole forex trading game, technology is another crucial factor that helped this financial sector to spread globally. With the introduction of internet in the 90s forex opened to retail investors giving access to various trading platforms. The introduction of online platforms and retail investments have increased forex market volume by 5%, up to $250bn of its daily turnover. Different traders may have different reasons for selecting forex, however, mostly is because this is a fertile market plenty of daily opportunities to gauge price action and profit from it.
How traders profit from trading forex? Basics of trading are rather simple to understand. An investor buys an asset at a certain price hoping to get rid of it for a higher price. The more volatile is the market for that specific financial instrument, the more revenue is possible to make. Therefore, a trader is looking for long up and down moves rather than market fluctuating sideways. Volatility is great in forex and a trader can expect to regularly see prices oscillating 50-100 pips on major currency pairs almost any day of the week. Yet again, due to this enormous constant fluctuation, potential losses or gains can be very high thus, rigours money management must be applied to avoid major damages and become a profitable trader. To conclude, volatility is the main characteristic investors are looking at and that is why it is one of the main feature traders can take advantage. See image below: Figure 2: FDAX Volatility, H4 (30th May 2019, 16:00, 30th July 2019, 16:00)
Accessibility & Technology
While volatility is the most important element out in the market that tell us why forex is the best market to trade, accessibility comes straight after. This market is more accessible than all the others, trading forex requires an online desk position and as little as $100 to start off an account. In comparison with the other financial markets, forex requires a rather low trading capital. Moreover, trading forex can be easily accessible from your PC, tablet or mobile since most of retail broker firms operate online. Although, accessibility cannot tell the quality of the market by itself, it definitely shows a reason why many investors try their first trading experience on forex. Also, the rapid introduction of technology since the 90s, made trading much easier. There are every year more advanced online platforms to trade on with many possible updates and that is why trading forex is edging for many global investors.
Before the introduction of free-floating currency and more importantly cutting hedge technology, forex was a market that could have been traded only by institutional investors. Nowadays however, even retail and individual investor can take advantage of the huge volume forex offers every day. Banks Interbank market is the major responsible for the high volume registered daily in forex. This is the place where banks exchange currency among each other, facilitating forex transactions for customers and speculate for their trading desks.
Clients transactions: in this case banks of all size act as dealer for clients, where the bid-ask spread represents the profit for the institutions.
Speculation: currencies are traded to profit from their price fluctuations as well as to increase diversification on their portfolio
Because banking institutions are the biggest players in foreign exchange market, they are able to push up and down the price of currencies giving an extreme advantage and higher volatility to individual traders who are trying to gauge price moves. Central Banks Central banks representing their nation’s government, are crucial in forex. They oversee monetary and fiscal policies having massive influence on currency rates. A central bank is responsible for fixing the price level of its native currency on the market, in other words they take care of the regime currencies will float in the open market.
Floating: these are the currencies which price floats on the open market based on principles of supply and demand relative to other currencies
Pegged (fixed exchange rate): opposite to floating currencies pegged ones are not free-floating in the open market however, their government rather tie them to the value of a stronger foreign currency. Pegged currencies are more seen in developing countries (CYN to USD).
Because central banks manage interest rates in order to increase the competitiveness of their native nation to another.
Dovish: these policies will be lowering down interest rates. A central bank which applies dovish conditions aims to give economic stimulus and guard against deflation. Usually a policy intended to give economy stimulus will weakening the currency value.
Hawkish: on the other hand, hawkish policies lead to an increase in interest rate. A central bank that uses hawkish measures aims to reduce inflation. Typically, this kind of policies will reinforce the country currency value.
Investment Managers & Hedge Funds Portfolio managers and hedge funds are the second investors in forex after central and investment banks. They are hired by huge institutions such as pension to manage their assets. However while portfolio managers of pool funds will buy currency to speculate on foreign securities, hedge funds execute speculative trades as part of their strategies. Corporations Also international corporation play a big role in forex. Those firms operating globally, buying and selling goods and services are involved in forex transactions daily. Imagine an American company producing pipes that imports Japanese components and sell the finished product to China. After the sale is closed the CYN must be converted back to USD, while the American company must exchange USD into JPY to repay for the components supply. Moreover, company involved in international trade have an interest in forex in order to hedge the risk associated with currencies fluctuations making several foreign exchange transactions. For instance, the same American company might buy JPY at spot rate, or enter a swap agreement to obtain JPY in advance, overtaking the risk of the Japanese currency to rise in the future. Therefore, forex become crucial to run companies with many subsidiaries and suppliers all over the word. Individual & Retail Investors Even though this investor cluster brings to forex a very limited volume compared to financial institutions and corporations, it is rapidly growing in numbers and popularity. These base their trades on a mixture of fundamentals and technical analysis. Bottom line, main reason why forex is the most traded market in the world is because gives everyone, from top financial institutions to retail and individual trades, opportunities to make returns on capital invested from currencies price fluctuations related to global economy.
Sonder rental service raised to $ 210 million, valuing over $ 1 billion
The rental service of premium apartments Sonder $210 millions during round D, with an estimate of more than $ 1 billion, the company blog says. https://preview.redd.it/lghgr136mfa31.jpg?width=1024&format=pjpg&auto=webp&s=5a614400e5b23538af3b57ce01f1504a98a513c5 Investment companies Valor Equity, Westcap, and venture investor Nicholas Pritzker through Tao Capital Partners have become the leaders of the round. By the end of the summer of 2019, Sonder plans to raise another $ 15 million. “The future of hospitality will be dynamic,” writes Sonder co-founder and chief executive officer Francis Davidson in a statement. “It will demand flexibility. And that’s what our diverse, unique and adventure-seeking world is like too. That’s why, while our spaces will continue to take on new forms and expand to exciting neighborhoods around the world, a Sonder will always be unforgettable,” he added. The company will spend the raised funds on opening a second headquarters in Canada and expanding the staff of designers, developers, and finance specialists. Startup Sonder was founded in 2012 in San Francisco. Users can rent premium apartments without intermediaries using the service. Employees of the company are engaged in the design and equipment of flats, as well as ensure that customers have all the essentials. “Canada has such a trajectory and momentum and it’s the obvious choice in my view,” Mr. Davidson said in the interview with The Globe and Mail. “You know the stories about the Bay area and how absurd the housing market has become. San Francisco is one of the most expensive cities in the world and that’s reflected in the salaries as well and the competitive war for talent. It would be unsustainable for us to continue to grow here." There are more than 8,500 apartments in 20 cities of Europe and North America at the disposal of Sonder, according to TechCrunch. By the end of 2019, the company plans to increase revenue to $ 400 million. You can find more information about the stock market, commodity market, and FOREX on the ITRADER site. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.07% 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. Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
I have a laundry list of questions and thoughts. I'm just going to brain dump here. Feel free to engage!
I've been interested in markets for what feels like forever now but never had the capital or time to properly invest in training, studying and practicing. That window might be coming and I want to get a better understanding of some things. For starters, I would be trading part time-ish. What I mean by that is I will have access to my charts and account via web based platforms from the office all day - but the degree of which I'm tuned into it will vary through the day. (How to make a boring job less boring.) With that said, the requirements of what type of market trading I get involved with will depend on the flexibility of it's platform offerings. (as in a quality web platform as well as mobile). Some questions: I'm interested in Forex (or micro forex futures given my small bankroll), commodities (gold, silver, oil, etc) or trading S&P 500 e-mini futures (as I've read too much material now about how fantastic they are as a first trading vehicle to newbies). Of the two, which generally have brokers that have better mobile and web based trading applications? I won't be able to set up a space ship of a desk space with Metatrader and 50 graphs of stuff and a face tanning wall of monitors. I'll be browser based with dual-display monitors and on iOS. (Hell, if I could trade all day reliably from an iPad I would 100% do that instead) My initial capital I plan to start with would be roughly $2,000 CAD. Nothing wild. I'd be calling it "tuition" while I learned. (after I come off paper trading of course) My goal at that point would be a) learning b) practicing and executing a trading strategy and c) growing my bankroll I'm a huge advocate for depth over breadth so if I went the forex route, I would very likely only commit to one currency pair and become intimately familiar with it. I don't think I have the dna to be a multi-chart multi-pair type of person. The only for sure things I know is it would either be the big pair EUUSD or the more familiar USD/CAD as I'm in Canada, on a border city and am knee deep in news on both fronts. I really don't know which of the three paths I should really go into. Part of my decision making process will be what kind of training and education material is available for them. Here's all I really know about that so far:
Forex has Babypips.com which is a fantastic site but makes everything sound so happy-go-lucky easy.
Tradimo is a thing, is mostly free and all the reviews of it are uncomfortably 'too' good.
There is a mountain of volume of youtube of hacks daytrading, then half of which try to sell a program. I can't trust any of these guys.
So if we were friends, and we were having a beer somewhere and I was spitballing all of these thoughts, what would you reply with? What market should I consider the most? Where's the best place to learn about it? Where can I find, learn, or study a strategy that's reliable but not too high risk? What brokers of that market take canadian accounts and have robust browser based platforms and equally good iOS apps? Can someone actually trade successfully, reliably and comfortably from an iPad if they were so inclined? Thanks so much.
What Causes Volatility in The Canadian Dollar rate?
Just like the seasons, the currency exchange and stock market are the most unpredictable ones in behaviour. You can at least assume and anticipate the rates, the fall and the rise. They are the most unpredictable thing by nature you can ever come across. There's only so much that one can do with them. You can make forecasts based on the present situation, however, the uncertainty of them coming true is as less and weak as a hair. Well, enough philosophical, isn't it? Worry not! The discussion about economies can never begin without touching those lines of philosophy. In conclusion-- the economic stature of any currency depends on so many factors that listing them is a big thing. However, when discussing currencies, one can't ignore some of the most influential and strong currencies... one amongst them that has been maintaining its stance forever since is the Canadian Dollar. The Saga Talking about the Canadian Dollar Rate, it should be known that it is the seventh-most traded currency on the Forex market in the world, one can only think that how many institutions and individuals might be trading in CAD. The Canadian Dollar is also referred to as the Loonie, buck, Huard, and Piastre (in French), it is said to be held as a reserve currency by some central banks for economic purposes. Seeing its popularity, CAD has also come to be known as a commodity currency, due to Canadas’s substantial raw material exports. It has been ages since the Canadian Dollar is at power with a cumulative market share that’s valued near US$119 billion. The Canadian dollar is a representation of a substantial valuation of the overall world currency markets, and it typically does not experience frequent extremes in pricing volatility as do smaller currencies. However, there are still periods of time where the inherent volatility that faces any currency may bring perceived stability into question. Further, the situations have brought a change in the mentality of people and their perceiving ability of Canadian Dollar. The constant fluctuations of the Canadian Dollar rates have brought the traders to a worrisome state. Here are a few reasons behind the constant fluctuations and tumultuous position of the currency. These conditions are based on the historical parameters of the currency since its inception to gaining of the value etc. etc. Existence as ‘The Floating Currency’ Yes, the Canadian dollar is considered, taken and reserved as a "floating currency" thus, deriving its value from the market that’s open where traders and economically strong people choose the position of the currency. Since its inception, the Canadian government has never dictated about the exact "peg" value of it to any other currency; the CAD pricing performs on the decision of the global currency markets participants, thus, making it as a constantly evolving currency. It is not uncommon for the Canadian dollar's value to fluctuate 5-10% in a single trading session. The Dependency Factors Yes, the Canadian dollar's dependency on the pricing hikes and lows of a commodity suggests that the relationship of the international market and their increase and decrease in demand can shuffle the status of CAD distinctly. One such commodity is the pricing of crude oil. For instance, the decline in crude oil price in the international market for the year 2014 to 2015 witnessed the inflation in the overall Canadian economy that was greatly affected. How to find out the actual rate of the Canadian Dollar? There are many ways to find out the rates for the Canadian Dollar, however, the best way to find out the most updated and exact rate of CAD is through Bookmyforex.com. BookMyForex is an RBI recognized online marketplace that offers Foreign exchange-related services. The updated list of currencies and their rates are shown exactly to the last second update. Simply visit the platform and search through our Money Converter to find out the exact value of any currency of your choice.
Examples of "Norwegia" being used in English without Norwegians throwing a fit.
Pac-Man has been in the game for 36 years now and several individuals around the world have already tried to remake it. However, none of them so far have been able to re-imagine the game to the extent that a Norwegian researcher has. A researcher in Norwegia has come up with a microscopic version of Pac-Man. That is, the entire game designed by the researcher takes place in a maze which is less than a millimetre wide and is filled with predatory microbes that hunt each other.
Norwegia is pretty much homogeonous culturally speaking; there is however a small proportion of the population from other ethnic and cultural backgrounds. Norwegians generally have a very strong sense of space and will generally stand so that the tips of the fingers of his or her outstretched arm just barely touch the other person. Distance can be even greater when speaking or dealing with strangers. It is best to carefully observe each person's degree of comfort with touching and their preference for personal space. Norwegia is a class free society. Most people would be regarded as middle class. There are very few poor and very few rich people. Most people own their own homes.
“Furthermore, Indonesia must also push for investment improvement from Norwegia in energy and renewable energy sector, seeing the advancement and expertise that Norwegia has,” said Edy, as the Co-Chairs of the meeting together with Directorate General of Oil and Energy Ministry of Norwegia, Odd Sverre Haraldsen. Several topics discussed on the conference were oil and gas, renewable energy, electricity, and environment and other related issues. From the two-day meeting, Indonesia delegation also had the chance to visit Norwegia’s industrial location in Oslo, which is hydroelectric and rainpower center in Ranafos and oil and gas transportation industry in Kongsberg Maritime. Ambassador Yuwono said that Indonesian Embassy for Norwegia facilitated and became the guide in every activity, agreement, and further plans from the bilateral meeting.
My name is Adelen From Norwegia to Berlin Let me see some hands in the air One more time turn up the music and look to the sky This is the moment, the time of your life Pick up your glasses, and raise them up high, high high
Oil price, in turn, could influence currencies. International Energy Agency mentioned that high oil prices generally have a large negative impact on the global economic growth. Countries with high consumption of oil will suffer from the high price, and in the long term, the burden will take shape in negative trade balance. That's why, a higher oil price will weaken USD, as the US is a major consumer of oil. On the other hand, countries that exports oil like Canada and Norwegia will experience surges in its exchange rate.
Norwegia is a signatory country of the Apostille Convention of 1961. Thus, any document issued by the U.S. competent authorities or government institutions should be properly legalized and bear an Apostille Stamp in order to be recognized and accepted by legal, official or private authorities overseas. The Apostille Professionals and Notaries Public of Apoling Solutions are committed to providing you with expedited Apostille services and ensure that any document prepared in our agency, will be accepted in Norwegia or Norwegian Consulates in foreign countries. We handle all types of documents: from Power of Attorney and Vital Records to Corporate and Business documentation. Our travelling Notaries in NYC are always there for you, 24/7, and if you cannot come to our office we’ll meet you at any place at your convenience.
Your PM US Stocks and a whole lot more news that you need to read: US stocks close lower, pare earlier losses on Brexit progress
US Markets End of Day Snapshot
US stocks close lower, paring earlier losses as news of progress on Brexit helped markets late day
Oil closed higher for the first time in 13 sessions, WTI broke its longest losing streak ever
Federal Reserve Chairman Jerome Powell will speak tonight at an event being hosted by the Dallas Fed discussing national and global economic issues
The S&P 500 finished down 0.76%, Nasdaq Composite is down 0.9%, and Russell 2000 is down 0.81%
The S&P500 closed lower for the fifth straight day and is at its lowest level in 2 weeks
Telecom (+0.46%), Real Estate (+0.04%), and Energy (-0.11%) stocks were the top performers in the S&P 500 today
Utilities (-1.13%), Tech (-1.29%), and Financials (-1.38%) stocks were the worst performers in the S&P 500 today
Investor sentiment for US stocks finished negative with the advance/decline ratio for the S&P 500 closing at 0.5x
44 stocks in the S&P 500 hit 4-week highs while 28 stocks reached 4-week lows
14 stocks in the S&P 500 closed overbought while 24 stocks closed oversold according to the 16-day RSI Measure
49 stocks in the Nasdaq Composite hit 4-week highs while 202 stocks reached 4-week lows
124 stocks in the Nasdaq Composite closed overbought while 339 stocks closed oversold according to the 16-day RSI Measure
The VIX closed down -20.02 points today to 0 after closing at 20.02 yesterday
Stocks Trending in the News
Click name for Q-Factor rating and financials data.
Adyen (AYDNA DC) shares are falling today after notable index compiler MSCI refrained from adding Adyen to its MSCI Europe Index benchmark. According to an analyst from Bryan Garnier, who maintains a ‘Sell’ recommendation for Adyen with a price target of 490 euros, some investors were surprised by the news. Adyen is rated “Unattractive” in our European Large-Cap Global Top Stock Ideas.
Amazon (AMZN) will see the first protest in New York City today over its new campus planned for Long Island City in Queens. Some local politicians want guarantees from Amazon that it will do all it can to benefit the citizens of Queens and plan to demand that today. They complain that the area cannot handle 25,000 new people, especially given the state of the subways, saying Amazon is building a helipad while residents are stuck with overcrowded trains. Amazon is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas.
Apple (AAPL) was downgraded at Guggenheim today to neutral from buy. The note cites supply chain cuts and the lower deliveries of phones it implies. Apple was also had its price target lowered at UBS to USD$225, also citing supply chain concerns. Apple is rated “Attractive” in both our US Large-Cap and US Information Technology Global Top Stock Ideas.
AT&T (T) reiterated guidance for 2018 today. AT&T expects full year EPS in the range of USD$3.50. AT&T expects full year revenue of USD$21 billion range. AT&T said the first full quarter with WarnerMedia integrated saw it accretive to earnings by USD$0.05 and AT&T reiterated its expectation of USD$2.5 billion in run-rate synergies by 2021. AT&T is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.
Canada Goose (TSX: GOOS) shares are soaring after the winter clothing manufacturer reported earnings that topped analysts’ estimates for the seventh straight quarter. Canada Goose generated FY2Q2018 adjusted EPS of CAD$0.46/share while analysts’ consensus called for CAD$0.26/share. Canada Goose’s profitability also surpassed analyst expectations, reporting FY2Q2018 gross margin of 55.8% while analysts expected 52.8%. Canada Goose is not rated in our Global Top Stock Ideas.
Caterpillar (CAT) was maintained as a buy at Credit Suisse in a note to clients. Caterpillar’s price target was updated to USD$183 as well. Caterpillar saw October machines sales rise 18%, this follows a 21% rise in September. Caterpillar is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Industrials Global Top Stock Ideas.
Facebook’s (FB) turbulent year is bleeding into employee morale with several key measures of internal sentiment taking a turn for the worse this year. Amid a falling stock price, troubled leadership, and harsh media coverage, only about 50% of Facebook’s 23,000 employees said they were optimistic about Facebook’s future, down from 82% the year before. Meanwhile, 53% of employees believe that Facebook is making the world better, down from 72% in 2017. Facebook is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Information Technology Global Top Stock Ideas.
Iliad SA (ENXTPA: ILD) shares are trading higher following FY3Q2018 financials that contained shreds of optimism after the company’s stock has lost half of its value so far in 2018. Specifically, investors were pleased to see strong performance in the company’s Italian unit. Raymond James analyst Stephane Beyazian, who maintains a ‘Strong Buy’ recommendation for Iliad, wrote in a note that FY3Q2018 contained the first signs of recovery for Iliad. Raymond James is rated “Unattractive’ in our European SMID-Cap Global Top Stock Ideas.
Bloomindale's, a unit of Macy's (M), is adding high end appliances to its store in New York City. Bloomingdale's is following other retailers in adding appliances to its offerings. The Macy's unit will offer USD$7,000 refrigerators from LG and washing machines that automatically figure out how much soap is needed. Bloomindale's hopes to spark sales by adding the new products. Macy's is rated "Neutral" in both our US Large-Cap and US Consumer Discretionary Global Top Stock Ideas.
L Brands’ (LB) Victoria’s Secret lost its head of lingerie, according to a report in Bloomberg today. Jan Singer ran the lingerie division at Victoria’s Secret, a unit with USD$4 billion is annual sales. Victoria’s Secret has been criticized for not adapting to shifting tastes in lingerie. L Brands had no comment on the matter, Ms. Singer has been with the company for 2 years. L Brands is rated “Unattractive” in both our US Large-Cap and US Consumer Discretionary Global Top Stock Ideas.
Merck (MRK GR) cut its full year adjusted ebitda forecast while raising its net sales guidance. Merck expects full year adjusted ebitda 3.7-3.9 billion euros, down from 3.75-4 billion euros. Merck now expects organic net sales to grow 4-6%, up from 3-5%. Merck said adverse forex effects will lower adjusted ebitda by 8-10%. Merck is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.
Mediaset (BIT: MS) shares are trading higher after reported FY3Q2018 financials the pleased investors. Mediaset reported an EBIT loss of 9.1mm euros in FY3Q2018, an improvement from their 42.2mm euros EBIT loss a year prior. Mediaset’s failure to retain football broadcasting rights, however, caused advertising revenues in October fell 1% y/y. Mediaset is rated “Neutral” in our European SMID-Cap Global Top Stock Ideas.
PG&E Corporation (PGC) shares are spiraling downward, falling over 25%, as investors are fearing the possibility that the company’s equipment started the wildfire(s) raging through California. PG&E also announced that it has exhausted all of its revolving credit lines, speaking further to the company’s financial stress. “The risk of bankruptcy is very real for these guys,” says Bloomberg Intelligence analyst Jaimin Patel. PG&E is rated “Attractive’ in our US Large-Cap Global Top Stock Ideas.
Snap (SNAP) shares fell amid confirmation from the company that the Department of Justice and Securities and Exchange Commission is investigating its IPO. Both are looking into allegation that Snap misled investors leading up to its IPO. Snap said it believes this relates to disclosures it made in relation to competition from Instagram, now part of Facebook (FB). Reports are that Snap was not clear about how much Instagram was hurting its business. Snap is rated “Unattractive” in both our US Large-Cap and US Information Technology Global Top Stock Ideas.
Superior Industries (SUP) was upgraded today to buy from neutral at Buckingham. Superior Industries’ price target was lowered to USD$12 from USD$19, however. Superior Industries’ high leverage ratio was cited as a concern by Buckingham, which also said 3Q results were right in line and that recent weakness in the stock “was overdone”. Superior Industries is rated “Top Buy” in both our US SMID-Cap and US Consumer Discretionary Global Top Stock Ideas.
Tata Motors (TTMT IN) had its outlook cut to negative from stable at Moody’s Investors Service. Tata Motors saw the cut due to weakness expected at its Jaguar Land Rover Automotive Plc over the next 12-18 months. Tata Motors had its rating reaffirmed at Baa2. Tata Motors is not rated in our Global Top Stock Ideas.
Tencent (700 HK, TCEHY) reported 3Q net income that beat the highest estimates. Tencent reported net income of 23.33 billion yuan while 18.39 billion as consensus. Tencent 3Q revenue of 8.6 billion yuan was in line with 80.41 billion yuan expected. Tencent saw 3Q online gaming revenue of 25.8 billion yuan, online advertising revenue of 16.2 billion and smart phone gaming revenue of 19.5 billion yuan. Tencent is rated “Attractive” in our China All-Cap Global Top Picks.
Wirecard (WDI GR) shares are sliding despite raising guidance. Wirecard raised its operating profit forecast and investors have not been impressed. Morgan Stanley noted the increased guidance “a minor positive” given that most estimates were already above that. Wirecard entered the DAX in September. Wirecard is rated “Attractive” in our European Large-Cap Global top Stock Idea.
US 2-Year Treasury Notes are higher with yields down -2.48 basis points to 2.86%
US 5-Year Treasury Bonds are higher with yields down -2.73 basis points to 2.95%
US 10-Year Treasury Bonds are higher with yields down -1.47 basis points to 3.12%
The US Treasury 2s-5s Spread has narrowed 0.25 basis points to 0.09%
The US Treasury 2s-10s Spread has widened 1.01 basis points to 0.26%
US Treasury 5s-10s Spread has widened 1.26 basis points to 0.17%
EUR€ is up 0.213% against the USD$ in after hours to 1.1314
GBP£ is little changed 0.139% against the USD$ in after hours to 1.2995
CHF is little changed 0.131% against the USD$ in after hours to 0.9943
JPY¥ is down 0.193% against the USD$ in after hours to 113.59
WTI Crude is up 1.01% to USD$56.25/bbl with the Brent-WTI spread little changed USD$0.11 to USD$8.65/bbl
Commodity Trading in Canada. Commodity Trading Tips from Canada Based Company To familiarize yourself with some investing basics, consider checking out An Introduction to Stocks, Futures, Forex & Options Markets before diving into commodities. Next in our list of best forex brokers Canada makes available, is longstanding industry veteran, Forex.com. They are considered one of the market leaders, are IIROC regulated, and have been active in the sector for almost two-decades.As a Canadian user, you can access more than 300 global markets for trading with Forex.com which include more than 80 forex currency pairs, and a wide array of ... Online trading rules in Canada vs. the United States . In case you do not know, online trading rules differ in the United States and Canada, for one, the bodies regulation online trading in Canada differs from that of the united states. In Canada, it is the responsibility of the IIROC to regulate Forex trading. In the United States, there are ... Forex trading in Canada is regulated, but most Forex brokers cannot consider the Canadian regulatory environment as favorable, which explains why the country is not home to a high number of domestic brokers. To better understand why most brokers prefer to set-up operations elsewhere and then attract Canadian traders, the regulatory environment in Canada needs to be better understood. Forex is ... FOREX.com is a trading name of GAIN Capital - FOREX.com Canada Limited, 135 US Hwy 202/206, Bedminster, NJ 07921, USA is a member of the Investment Industry Regulatory Organization of Canada and Member of the Canadian Investor Protection Fund. GAIN Capital Group LLC is a wholly-owned subsidiary of StoneX Group Inc. Best Commodity Trading Forex Brokers for 2020 . Below you will find a list of Forex Brokers that offer different types of commodities for trading. In essence, a commodity is an economic good or crude used in the manufacture of a certain product or service. In the market, the asset is usually traded as a futures contract or CFD. The latter is better, since it has no expiration date and requires ... Trading forex (currencies) in international markets is popular among residents in Canada. Before any fx broker in Canada can accept forex and CFD traders as clients, they must become authorised by the Investment Industry Regulatory Organization of Canada (IIROC), which is the financial regulatory body in Canada. IIROC's website is iiroc.ca. We recommend Canadian residents follow IIROC on ...
Which Markets To Trade? Trading Commodities 👍 - YouTube
If Canada has a fixed costs for producing a barrel of oil; if this cost is $5. If crude oil is trading at $50, they're making $45 per barrel. Now let's say that the next year the price of crude ... Learn What are futures and options? How and why the F&O trading is done? In this video learn the Basics of the F&O market from #CARachanaRanade. F&O trading ... Like its commodity currency brothers, the Canadian Economy, and therefore the currency, is also heavily linked to what happens with commodity prices. Canada is the 5th largest producer of gold and ... Forex trading and commodity market news, currency forecast, economic calendar, technical analysis, financial data and economic outlook. A groundbreaking documentary investigating those behind the high stakes global commodity markets: commodity traders, from the Chicago Board of Trade to Brazi... Best Stock Broker Canada 2018 is here to help you pick the right stock broker for you. I made a Best Broker of 2018 for my USA viewers, but my Canadian viewers don't have the same options and I ... Which Markets To Trade? Trading Commodities http://www.financial-spread-betting.com/commodities/commodities-spread-betting.html PLEASE LIKE AND SHARE THIS VI...