Financial advisors are still reluctant to use cryptocurrencies

Everyone dreams of working from home and becoming rich independently. To many, the temptation to trade in the Forex market may seem overwhelming, and it may seem like the answer to the question of “how to work from home.” Although I will tell you that more people lose money by investing in the Forex market than by actually winning. This is a common thing in economics … for every winner … for every dollar you can gain, someone has lost a dollar. Where does the money come from, right?

So you might ask, does anyone make any money by investing in the Forex market and if they do, are they making a living doing it? The answer to this question is of course “yes”. There are many small amateur investors who are able to make a good living in the Forex market.

I know … your next question is “How do they do it ?!” The answer is varied and goes anywhere. Those who have come through the ranks as traders, those who seem to have numbers and chart reading skills, and those amateurs who have taken the time to learn about the market have found a system. That works for them and collects their destiny. Easy enough, isn’t it? Probably not, so let’s break it down …

Learning about the Forex market – There are many resources on the internet that will give you an overview of how the Forex market works. It would be futile for me to try to educate you properly in this article. Most forex brokers have resources to help educate you and they are very helpful. They want you to succeed because they make money from every business you do in the form of “spreads”.

Looking for a profitable system – Once you know the basics and understand how the market works … how to trade, how many hours the market is open, which is 24 hours a day when the world revolves (excluding weekends and holidays) you find a “system” ready Try to do what is understandable to you and with which you can do profitable business. This system can be a manual system that allows you to monitor the various indicators and run the business once all the criteria have been met according to your system. Your system may be based on breaking news such as quarterly reports or other financial news that you know is hitting the media and thus affecting a particular currency pair. Your system can be a favorite expert advisor or “forex robot” that has proven to be profitable that runs from an algorithm, much like the system mentioned above where you see different indicators …. the software does everything with an expert advisor or forex robot. This is for you. That is “expert advisor” or “forex robot” for short.

Demo account – Once you have a profitable system that works for you and makes sense to you, I suggest you run it on a demo account or “paper trade” with it for a few months. Demo accounts are available through all major brokerages and are a must for any new trader. There is no point in wasting your seed money while you are learning. Once you realize that you are consistently profitable trading without emotion and using your trading system exclusively it will be time to move to a live account.

Live account – Where it’s interesting. Doing paper business is one thing but I will tell you that there is nothing like trading your own money. The hardest part of live trading is to be passionate about your trading and stick to your trading system. This is what sets successful traders apart from those who pay their money to successful traders and this is the hardest part of trading … the hell or high water that comes with your system.

Now that you have thousands of feet of views about Forex trading, I encourage you to educate yourself and jump in with a demo account while you feel comfortable. Trading in the Forex market is very exciting and can be very profitable for some people. Just remember where all this money comes from and decide to be a smart trader who only trades with his system and is not one of the many who pay their dues to the few who make money in the market.

Bitcoin, the most popular crypto that exists, is now considered the most popular investment. But did you know that it has given birth to many new bitcoin scams? Yeah Al that sounds pretty crap to me, Looks like BT aint for me either. This article lets you know about all kinds of bitcoin scams that exist.

This type of bitcoin scam exists –

Phishing scam

Always beware of phishing scams. Phishing attacks are certainly a favorite among hackers and scammers. In a phishing attack, a person is disguised as a service, business, or person, usually via e-mail or other text-based communication, or by hosting a fake and manipulative website that looks real. The goal is always to trick a victim into revealing their personal tips or sending bitcoin to a specific scammer-owned address.

These types of emails are often seen as legitimate but fake in nature

Counterfeit exchange

Surely one of the least difficult ways to deceive investors is to present a good and legitimate business as an internet marketer branch. Okay, this is what scammers are doing especially in the bitcoin discipline.

Many such exchanges exist and they present themselves as a place to exchange and trade bitcoin, but in the end it was deceptive. Many exchanges have thus turned people away from their money by pretending to be a new, reputable and legitimate cryptocurrency exchange.

Fake ICO

With the rise of blockchain-backed companies, fake ICOs have gained popularity as a way to support such new companies. However, due to the controlled nature of Bitcoin, the door is open for all kinds of fraudulent activities.

Most of the ICO frauds have occurred through obtaining investors or using fake Bitcoin wallets or other crypto wallets through fake ICO websites, or by appearing as genuine cryptocurrency-based companies.

Many have already been accused of such misconduct, so it is a good idea to check these wallets before deciding to keep your money.

Outstanding return

If you are in the trading industry, you must have known by now that huge returns are not possible with Bitcoin trading or crypto trading in general. So, when a broker tries to promise you that your money will be doubled within a certain period of time, the best option in such cases would be to stay away from such brokers as much as possible. They will just run away with your money and you will have nothing but sorrow and regret.

If you are looking for trading futures, commodities, forex or stocks, you are likely to encounter “backtest” results. These results literally show what a trading method would do in the past, if you follow it. One reason why the US government’s phrase “past performance is no guarantee of future results” is necessary when discussing trading systems or approaches.

Backtests are speculative, and may or may not actually be traded. It is even possible that the trades shown in the backtest are impossible to do.

As an experienced system developer, with my Tradestation testing software in 5 minutes, I can create a system in any market with a backtest that will blow you away – it would be nice to see. But, it will fail to move forward – practically sure! Believe me, many developers build systems this way and then try to sell you their “secrets”.

So, why is the backtest so unreliable? Four reasons come to mind.

1) Optimization – Most testing software has an optimization feature, which will select the best set of parameters based on past data. Most developers abuse this feature. What works best in the past is less likely to work in the future. As a result, reading this extra optimized backtest, you think you are buying a Mercedes, but in reality you get a Yugo.

2) Hindsite Bias – It is difficult to create a system without “picking” the data. Since no one can rise to the top in future data, a developer that does this during development is, in fact, a fraud. A lot of times, people don’t even realize they’re doing it – it can be a subtle mistake.

3) Software Limitations – Software has limitations that allow unrealistic or unattainable fulfillment. For example, a close order system most likely includes an unrealistic fill in the system with the market, since the order may be sent (and never fulfilled) after the market closes, but the software still thinks it has been filled.

4) There is no real-time performance – developers post their own backtest results, show them as real, and have no independent real-time verification of their results. Can you really believe the backstage of the same person who is trying to sell you the system?

What is the solution to this backtest dilemma? Simple, if you are working with a CTA (product trading advisor), hedge fund or mutual fund, make sure you see real, monitored real time records. If you’re dealing with a system developer, make sure the results you see are independently checked and verified, especially with results based on real money (not demo) accounts. I list two of these websites below.

Easy to be seduced by the extraordinary looking backtest results. Just keep in mind that these results may not be realistic.

Websites such as worldcupadvisor.com or collective2.com are just two of the many websites that offer third party verification of trading results.

What makes rich people rich? Looking at the type of expenditure of different income groups in the United States, it is clear: Savings. The real difference between the rich and the poor is that the rich spend a large portion of their income on savings (pension and insurance) and education.

Source: WSJ, Department of Labor,

When creating wealth, conserving wealth, and passing it on to the next generation is the key to financial success, it is surprising that less than 20% of Americans have a written plan when it comes to investing and even retiring. [1].

The paradox of human behavior is that we are perfectly rational and able to plan a big event in our lives, but this is usually forgotten when it comes to investing. In fact, you’ll find that only one-third of investors have a written plan that guides their investment strategy and retirement plan.

Why a plan?
The world of investment is a hard jungle, a world of muddy waters where the most intelligent and most organized people survive and prosper while the rest are lost. A written plan shortens our normal response to something as emotional as money. It prevents us from absorbing our gut feelings and emotions. Instead of following Paul’s mentality which may lead you to make a prudent investment decision, a plan will force you to stick to a reasonable strategy which is bound by basic investment policy. Some of the hardest things you need to overcome when investing are:
1) Fear of failure
2) The tendency to continue with a certain approach because you started it
3) Personal issues such as relationship problems at home

It is also important to point out the root causes of investors falling victim to the market and losing their valuable funds:
1) Excluded data and statistics confuse investors to invest in a structurally unhealthy company or financial instrument
2) Overconfidence Some investors think they are invincible and they can always lose the market.
3) Everyone wants to be seen as a champion, a successful general who can lead an army to victory. It can help you make investment decisions that are not based on rational thinking but on your desire to influence your friends, colleagues or family members.

By writing an investment plan and following what it actually says, you will dramatically increase your chances of winning and increasing the size of your nest egg or investment portfolio. Here are some simple steps you can take to begin the process of preparation for mediation and to avoid the stereotypes and stereotypes.

1. Set up specific and realistic goals
For example, instead of saying you want enough money for a comfortable retirement, think about how much money you need. Your specific goal may be to save you 500,000 by the age of 65.

2. Calculate how much you need to save each month
If you had to save $ 500,000 at age 65, how much would you need to save each month? Determine if this is a realistic amount for you to set aside each month. If not, you may need to adjust your goals.

3. Choose your investment strategy
If you save for long-term goals, you may choose a more aggressive, high-risk investment. If your goals are short-term, you can choose a less risky, conservative investment. Or you may want to take a more balanced approach.

4. Develop an investment policy statement
Create an investment policy statement for your investment decision. If you have an advisor, your investment policy statement will outline the rules you want your advisor to follow for your portfolio. Your investment policy statement should:

Specify your investment goals and objectives,

Describe strategies that will help you achieve your goals,

Describe your return expectations and time horizons,

Include details about how much risk you are willing to take,

Creating an investment portfolio of your portfolio is an indication of the type of investment and how much money you need to be accessible, and

Specify how your portfolio will be monitored and when or why it should be rebalanced.

A smart investor with a written plan and strategy has already won half the battle without making a single financial decision. By implementing the plan and adhering to the rules of management, the smart investor will avoid the problems caused by the emotions and behaviors of the people and ultimately win big.

For those who “don’t know”, Forex Robot is a computer program designed to trade on the Foreign Exchange market without human intervention. They are also referred to as Forex Expert Advisors (short for FX EA, if you are looking for technical terms) or automated forex trading software.

Although trading in the currency market with Forex Robot is as easy as making a passive income (if your robot loses the market) the problem that most Forex robot users end up facing is the small problem they have with MetaTrader 4 (or some other Forex trading platform). PC running 24 hours a day, 5 days a week and connected to the Internet. This is why their robot can take trades when it finds an internal algorithm.

The tipping point for most Forex robot users is when they realize they have a long way to go and this is something they will do for the next few years. When the difficulties of other family members and their reliance on the Internet Service Provider (ISP) become too much for them, they usually start looking for an alternative solution.

The solution to this problem is to host your MetaTrader 4 (MT4) application with a Forex Robot on a remote PC called Virtual Private Server (VPS). There are many VPS providers around the world and most offer online sign up forms that allow you to set everything up with just a few mouse clicks.

A VPS is basically a computer just like yours but sits somewhere else in the world and stays connected to the internet 24/7. You access your VPS through a website control panel that lets you access the remote desktop and you can perform almost any task on your home computer.

Remote Desktop usually pops up on your home computer as another browser which acts as a window on VPS computer. It lets you do just about anything on your own computer.

Some VPS hosts offer special Forex Robot packages where they have pre-installed a version of MetaTrader 4 for your use, or they will install several MetaTrader 4 terminals based on the Forex broker you use. Some forex brokers also provide traders with a complimentary VPS platform, if they meet certain criteria, such as trading a minimum number of lots per month.

Running your Metatrader 4 application and Forex robot on your VPS is quite easy if you are familiar with your own computer. Just login to the VPS control panel (details provided by the VPS host) then find something that will help you manage files on VPS, commonly called “file manager” or “manage your files”. When you locate the directory tree (usually starting with a C: drive), simply navigate to the logical location and upload your MetaTrader 4 installation file and Forex Robot. After doing this, find the link in the control panel called “Remote Desktop” or something similar. Clicking on it will turn on Remote Desktop where you will need to login again. Once you see the desktop of the remote computer and can navigate as usual. Open Windows Explorer and find your uploaded files in Control Panel. Run the Metatrader 4.exe file and you’re off! The form here is similar to loading your Forex robots into MT4 on your own computer.

Investing is inevitably the smartest way to use your extra money. Even a small amount of money can slowly create a lot of wealth for you after the maturity period and increase your net worth. So, never miss the opportunity to keep your hard earned cash in a fruitful investment and today, through mobile technology you can start investing immediately. There are many investment apps that realize more returns with less savings in a morally correct way. Furthermore, many apps are growing from the concept of crude finance, trade and stock market and help interested investors to engage in real stock market investing.

Here is a list of some of the most popular and policy investment apps for new age traders and investors, and of course the general public to start promoting their asset portfolios.

Robin Hood

If there’s one app that allows users to get involved in the investment game for huge sums of money, it’s Robinhood. It allows users to buy and trade US-listed stocks, as well as ETFs, without paying a commission. As such, it is very different and better than any other stock broker who charges $ 10 for each purchase.

To hide

In addition to an app for investing, Stash offers an educational guide for beginners on how to strategically save money for higher returns. It provides users with a manual on how to develop and manage their resource portfolio. Fractional shares, minimum account balance, and price-based investments are just some of the key features.

Acorn

Acorn is the best option for those who want to contribute regularly instead of one-time investment. Users simply need to link their debit or credit card and this rounds up each transaction to the next dollar and invests an extra or “extra change”. It spends on the most profitable and well-managed ETF portfolios The minimum fee for an account is, 1 per month for a balance of less than $ 5,000. That way, Acorn can help you save a lot with a small amount of dollars and sometimes a fraction of a dollar.

Stock

It comes with a unique approach for stock market players interested in buying and selling stocks. Users can buy fractional shares of any organization or listed company through the app. Without any monthly charges, it offers 1000 investment options, including ETFs and single stocks. Specially designed to encourage young people to play stock market, gift stockpile benefits and transfer stock baskets to other people’s accounts.

M1 Finance

A great app that enables starters to build a portfolio to start trading for free. Users can create and maintain an active portfolio of both stocks and ETFs. Although users can create a varied portfolio or a “custom pie” with M1 Finance, they can also get fractional shares with it.

Traditionally, investing requires a broker or at least a financial advisor so that your hard-earned dollars can be invested prudently. So, there is nothing better than having one of the apps that offers a stable outlook for investing and trading stocks with or without a minimum fee.

If you are interested in the apps business, try to come up with an investment app idea that will help newcomers, adults as well as retirees wisely allocate their cash flow and increase their wealth over time.

If you look at a chart of currencies you will see that they are trending. These are of course easy to spot in the background. Determining the time of your entry level and following these trends is certainly difficult and the goal of all currency traders, but 95% fail and lose their money.

If you use or want to use technical analysis, you must know the basics of following trends and here are some tips to help you make a profit.

Let’s take a look at the 3 types of trends and then here are some tips to trade them:

1. Long-term trends

Since currencies reflect the underlying health and economic cycle of the economy there is a tendency for the currency to last for months or even years and this is the initial trend.

2. Intermediate tendency

These persist from anywhere within a few weeks and months and respond within a larger initial trend.

3. Short term trend

These last from a few days to a couple of weeks.

All of the above can be traded for profit and the trends you want to be trending on depend on the individual trading style and tastes.

Don’t trade trends

Many of you may be wondering why we have ignored the daily and intra-day trends.

The answer is they can’t be traded easily.

Although you can see them in the background, one day’s data is incredible, because all the daily and intra-day volatility is random.

If the data cannot be used to get the odds in your favor, you will lose the time to follow the trend, including any form of technical analysis.

A mug game to follow the trend in a very short time and that is why you will never see a trader with a track record of profit.

So how do you catch a trend and enter with the best risk rewards?

Well this is a challenge for all Forex traders and as we have said it is harder than most people think – this is why 95% of traders lose.

Here are some tips to help you catch a currency trend and turn it into a profit:

1. Understand the concepts of support and resistance and trade breakouts.

It is true that most big market moves start from new market heights and not from market lows, so if you use breakouts you can take really big steps.

2. Don’t predict when buying support or selling resistance

This is a big mistake made by new traders. Then buy support and “hope” it will hold.

This is a great way to lose weight when you follow trends. You are predicting where you should act in confirmation.

Always wait for the support test and use a momentum indicator to indicate a change of direction in your favor before entering the trade.

This will ensure that support or resistance is retained and the motion is reversed then you have the odds

3. The difference between following long and short term trends

The ideas are generally the same, but there is a difference in my view between following long and medium term trends and short term trends.

With long term and medium term trends you can make a stop trail in short term trading you must use a goal.

As profits get smaller and later smaller, they can quickly disappear, so your “hit and run” and bank profit should meet your set goals.

When doing the above we always set less goals than consensus.

If the price usually targets a level and the market is looking for it, we will bank soon.

4. Patience

Following the trend involves being patient and staying on the sidelines until you have a chance to fit in with your approach.

Don’t rush to trade – trade only when adversity is in your favor.

It is difficult to catch trends and make a profit from them, but with the right approach and by trading when adversity is in your favor you can reap some huge profits.

Good luck

Experienced forex traders have probably noticed that there is sometimes a slight difference between the quotes of a given financial instrument displayed by different brokers. In addition to the potential manipulation by brokers, this is due to temporary delays in quote feeds, smoothing out quotes, and so on. The point of an arbitration trade is to take advantage of this inconsistency. The trader places a purchase order with a broker whose price is low and at the same time places a sale order with a broker for the same security which shows a high price. The trade is executed when the profit that can be made from the existing difference in quotes exceeds the cost of the trade (e.g. spreads and commissions paid to both brokers). This operation is known as classic (two-leg) arbitration. The main advantage of classic arbitration is the absence of risks and drawdowns. If one dealer’s quote always lags behind another dealer’s quote, it is more understandable to apply one-legged arbitration, where the transaction is done only with the lagging broker. The advantage of one-legged arbitration over classic arbitration is that it carries a greater profit potential; The downside is that this strategy involves drawdowns.

If we study the reasons behind the trading conditions that make forex arbitrage possible, we will see that in most cases they occur due to the gap between the market quotes of one broker compared to the timely quote feed of another broker. Delays can occur for a variety of reasons: the amount of time it takes for a broker to send a quote from a liquidity provider through a broker’s server to your trading terminal may be longer for some brokers; Because quotes go through brokers, they can go through changes like filtering, smoothing, etc. As a result, when a security price goes through a significant change, the security quote that you see in your trading terminal lags behind the actual market quote. Order, with the aim of capturing the difference between the lag quote and the actual quote from the broker with a quick quote. In that case, you will have a statistical advantage over other traders. If the facility is used properly, it is possible to achieve a steady increase in profitability.

It should be noted that, with one-legged arbitration, it is completely unnecessary to hedge your open position with a second (faster) broker when using the classic arbitration technique. There are two reasons for this: however the profit will be credited to your lagging broker and hedging will result in higher trading fees in the form of spreads and commissions which you will have to pay to the second broker. This type of hedge-free arbitration is referred to as one-legged arbitration.

It should be clear that successful implementation of Forex Arbitrage requires access to a source that will provide quotes that will not lag behind. You can use a broker with a faster quote feed. A more reliable option is to use a market quote provided by a large bank or broker, such as LMAX or Saxobank.

The number of opportunities for arbitrage trading can vary greatly from broker to broker, from a few dozen a day to just a few per month. It depends on which paid broker is lagging behind the actual market quote.

We can conclude by breaking down a popular myth that is often published on the Internet. In the opinion of some people, there is no point in getting involved in arbitration transactions because brokers will not give you the benefit of your arbitration. They are able to do so because the arbitration advisors available in the market run the business very fast which is bound to warn the brokers about the arbitration activity. Furthermore, today almost all brokers require a minimum waiting time between buying and selling a position, usually no less than 1-3 minutes. Terms fall under the terms of the brokers, and brokers have the right to cancel all trades that do not meet their trading conditions. However, arbitration trades do not have to be performed immediately. If you extend the holding time of your position, you should not have any problem with your broker. Based on our own experience, if you wait at least 10 minutes before leaving your position, you will have no problem closing it.

Let me explain why arbitrage trading can still be profitable even when there is a waiting time between buying and selling a position. You always have a small advantage when the quote is delayed and you order an arbitration. It is impossible to say where the price will go after the quote differential disappears, but if the volume of your trades is large enough, then half of your trades will be profitable regardless of subsequent price movements, when you lose money. On the other half. Thus, when your trading volume is large, the gains and losses that occur during the next price movement after the differential disappears will offset each other, giving you a small advantage. When this benefit is growing, you will ensure a steady increase in profitability. Basically, the increase in the holding period between the entry and exit of your position will lead to an increase in dispersion in your profit chart (which will be reflected in the account drawdown increase, something to consider when choosing. Lot size), while the average profit of your trade will remain unchanged. Remember, however, that this is only true when you trade a large number, because a large number of laws work for you.

The result is that Forex arbitrage strategies remain a useful and highly profitable way to invest your money.

At the time of writing, Bitcoin had reached a new high of $ 20,000 USD per bitcoin. What has changed since you last reached this height?

Covid is crazy

The Covid-19 situation has changed the way people do things. Technology has been pioneered in daily life. Things that used to be done physically are now being pushed into the virtual world – schooling, eating out, entertainment, work and purchasing many products and services. Cryptocurrency is being used to fit such an agenda. Why? They are an extension of the technically driven world. They can also be used to compete with existing financial systems at the lowest possible cost.

Acceptability

Last time Bitcoin reached its record high, with many organizations demonizing cryptocurrencies as a form of payment used by criminals for terrorism, money laundering and illicit drug trafficking. At the moment, MasterCard and Visa are linking cryptocurrencies to their credit cards, and PayPal is now accepting Bitcoin for use on its platform. Many governments are talking about issuing cryptocurrency versions of their traditional currencies. There was also pressure from Facebook to partner with major banks and other institutions to issue a cryptocurrency called Libra, which did not go far enough but the purpose remained. Cryptocurrency is no longer for criminals unless the aforementioned institutions commit crimes.

Adoption

The key to any technology is widespread adoption. The more people use something, the more demand there will be for its use and the more important it will become. With widespread adoption, systems that work together with products also begin to change. Examples include Apple iPod, Microsoft Windows, Internet providers, and electric cars. With the new demand will come new industries and piggy back products which were not very effective without taking the original product.

Weaknesses of traditional investment

Due to the cowardly situation and depression, investing in stocks and bonds is becoming more expensive and the underlying economy carries high risk due to disconnection from the functioning of these markets. High debt levels make real estate investments more risky than in the past, as well as the instability of rental income and the ability of people to pay for their mortgages. Cash is a safe haven but rising debt and the potential for inflation mean cash is also at risk. The notion of diversity means that these investments should be kept to a certain extent, but now there is a desire for an asset that complements these products. This new asset is cryptocurrency. This product allows for diversification from excessive debt, currency depreciation and high inflation.

During my investment research I stumbled across The Forex Brotherhood which has created a Members Club to communicate with gurus, resources and reports to help Forex traders trade more profitably.

From what I’ve seen from the competition, Forex Brotherhood offers many more features, exclusive products and resources than similar trading clubs.

Forex Brotherhood offers:

A) FX Module-1 Brotherhood Expert Advisor: This exclusive automated Forex trading robot is only available to Forex Brotherhood members, it works and offers consistent profits. Its advantage over other Forex robots is that the developers are also members of the Forex Brotherhood and provide 24/7 support and assistance with its set up and operation.

B) Daily Broadcast: The leading Forex Brotherhood host, with over 20 years of experience in Forex trading, provides great broadcasts that are truly contagious. He is very enthusiastic and energetic and full of knowledge. He is joined by special guests who specialize in their various Forex experts.

C) Daily Reports: These are reports that any Forex trader will find invaluable, 2 Profits a day from a 20+ year old Forex professional you need to focus your trading and they can answer specific specific questions through forums and chatrooms.

d) Forums / Chats: This is probably where I get the most valuable information and tips, directly from real deal FX traders. The Forex Brotherhood chief host also spends a lot of time answering all the questions. Private forums and chat facilities are very ‘elite’ in the true sense of the word.

E) Deskview Tools: You can install Forex Brotherhood Deskview Tools which allows instant communication from the main host while sitting at your desktop and for important announcements or breaking news which can affect daily business.

F) Premium: Educational Broadcast, Forex Guide, Top 10 Mistakes, More Forex Robots with Monthly Rewards / Giveaways etc.

G) Close Knit Group Efforts: Due to a tight community people are willing to give advice, tips and top secret information which you will not find in other “open” forums or clubs.