CFD Trading UK Guide August 2020 - Learn How to Trade CFDs

Whether to use a stocks and shares ISA (UK)

Very rookie question but wasn't sure where else to look. I hope I'm not breaking rule 2, but if so I apologise.
I'm 19 and have some money to spare, about 500-600GBP. I've been keeping an eye on markets for a while now, discussing with friends, family, uni colleagues, doing research in my free time, paper trades etc and have decided that I want to get into the investing world. As you can see, I don't have much, but thought that there's no better way to learn more than to get involved myself without risking too much.
I'm in the UK and have found looking for a broker rather difficult. I've found brokers that have wide range of assets available that I'm interested in but higher commission (especially relative to the amount I've got to invest) and then vice versa. Right now I've settled on opening an account on trading212 as it's "commission free" trading, has a broad base of stocks/ETFs and even CFDs on assets (thought I don't see myself using them much, if at all), UI that I find works for me, fractional shares and will soon have an autoinvest portfolio management feature. (Im still open to other feedback and suggestions from own experience). While I recognise that I'll be susceptible to a perhaps larger spread and nothing is truly free, this does seem my best option so far. This is where my issue arises however.
The stocks and shares ISA will mean that capital gains will not be taxed. However right now I have no income as I'm currently a full time student that is very thankfully supported by my family. Therefore I won't be susceptible to capital gains tax as I will most definitely not be exceeding the capital gains tax free allowance of £12,300 in the UK. Either way I won't be taxed for gains on stock investment (more on that in a second). Additionally, trading212 has no fees on an ISA, another attractive quality.
But, if I want to start investing and, taking a long term view, hope to continue to contribute up to this limit in the future amongst various ISAs, stocks and shares being one of them, is it good to start a stocks and shares ISA now so that I don't need to liquidate assets and purchase again in an ISA (as the broker I'm looking into using doesn't have switching between investment account and ISA).
Is there any downside to me starting the stocks and shares ISA now? Is there any reason not to? I do not have any other ISAs open, only savings in a bank account, albeit not much.
Also, although I'd have an account free from capital gains tax, would I still be subject to capital gains tax in the US on US stocks and ETFs? I'd assume so? I've read that investing through an ISA would reduce the rate but I haven't found much of a clear answer.
Open to any and all feedback. Again, apologies for the rookie questions.
submitted by UnoriginalName42 to investing [link] [comments]

With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today

With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today



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https://preview.redd.it/e63kae9rz9j51.png?width=3116&format=png&auto=webp&s=eeb8869dbccb0fca7c64d3c91f83cebcdb446e84
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https://preview.redd.it/6i2yjm7sz9j51.jpg?width=1280&format=pjpg&auto=webp&s=b94d3dd01aaff2d7d4230f81176913586c729aef
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perior over different cryptocurrencies?
LATESTBITCOINETHEREUMALTCOINSTECHNOLOGYADOPTIONBLOCKCHAINEVENTSCONTACT
PRESS RELEASEWhy is Bitcoin superior over different cryptocurrencies?Akshay KSPublished a pair of weeks agoon August 12, 2020By Akshay KS
Source: Pixabay
During this technical world, bitcoin is the foremost used digital currency all over the world. However the main question then arises within the minds of the many folks is why bitcoin is considered the foremost superior over other cryptocurrenc Bitcoin Freedom
Bitcoin is that the one method of creating transactions daily as alternative currencies. But it's its options and uniqueness that make it superior. Bitcoin and different currencies are based mostly on the cryptographic algorithms or mathematics that are encrypted, with that the user becomes the owner of the currency. Bitcoin currencies are easily accessible at Bitcoin ATM and online exchange
The main feature of the bitcoin, which makes it superior is that it is the safest option for digital transactions. These will be used for on-line searching and transfer of money too.
There are many alternative blessings to using bitcoin. A number of them are mentioned below
Decentralized and digital
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Makes online looking
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Bitcoin is accepted globally at each corner of the planet, which makes it less volatile than local currencies or cash. This feature makes it superior because it enables us to form transactions on-line and across the boundaries
Bitcoin unable the means of tracking cash

https://preview.redd.it/4vpws3gtz9j51.jpg?width=1280&format=pjpg&auto=webp&s=179af0fcc33f85322d48b6be65fce2e4442c6cd6
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Disclaimer: AMBCrypto US and UK Market's content is informational in nature and is not meant to be investment advice. Buying, trading or selling crypto-currencies ought to be considered a high-risk investment and every reader is advised to do their due diligence before making any decisions.
People, businesses, and developers: get the support you would like with our straightforward

Browse the FAQ'sn news, CoinDesk is a media outlet that strives for the very best journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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submitted by cryptoerapro to u/cryptoerapro [link] [comments]

Is there an online broker with fully automatic monthly investments to ETF for an EU client with an EU domicile? (e.g. like ETF saving plan)

This is a followup up to the older post: https://www.reddit.com/EuropeFIRE/comments/e307hu/is_there_a_broker_which_provides_monthly/
Is there an online broker with fully automatic monthly investments to ETF for an EU client with an EU domicile? (e.g. like ETF saving plan)
By automatic investment I mean every month a fixed amount of euros would be sent from my SEPA bank account (by a standing order) to my brokerage account. This money would be than automatically invested in the one ETF which I select (for example Vanguard FTSE All-World UCITS ETF Accumulating ISIN IE00BK5BQT80 )
EDIT:
So far as the best option what I found is:
Trading212 with their Autoinvest feature
https://helpcentre.trading212.com/hc/en-us/articles/360009313957-Pies-AutoInvest-Introduction
As far as I read the internet, there are no fees or higher spreads for "investment" type of account. They make money from their CFD clients and to get CFD clients they are using zero commision trading as promotion.
Scalable Capital with their FREE BROKER
https://de.scalable.capital/trading
0.99€ per trade, so for my case 12 months/trades would be 11.88€ in total per year.
Please do you know about some better options?
Or do you have experience with Trading212 or Scalable Capital?

-------------------------------------------------------------
List of brokers which checked so far:
Candidates for the final selection:
https://www.trading212.com/en
https://de.scalable.capital/
Does not allow to open the account remotely:
https://finecobank.com/uk/online/contact/not-client/
High fees:
https://www.comdirect.de/
https://www.flatex.de/en/
https://www.hellobank.at/
https://www.patria-direct.cz/sk
https://www.meesman.nl/contact
https://www.finax.sk/
https://etfmatic.com/
https://eic.eu/
https://www.portu.cz/
Does not provide automatic investments / ETF savings plans:
https://www.interactivebrokers.com/
https://www.lynxbroker.com/about-lynx/contact/
https://www.trimbroker.cz/
https://www.degiro.cz/
https://en.swissquote.com/support#robo
https://www.xtb.com/sk
https://www.fio.sk/
https://www.etoro.com/
https://www.keytradebank.be/
Does not allow to open account of a non-resident of the country:
https://www.sbroker.de/
https://www.tdameritrade.com/home.page
https://traderepublic.com/imprint
https://www.dad.at/
https://cash.app/
https://www.oskar.de/
https://www.ing.de/
https://www.ing.at/
https://www.weltsparen.de/
https://www.onvista-bank.de/
https://maxblue.de/
No reply from their customer support:
https://www.postbank.de/
https://www.tradestation.com/
https://www.consorsbank.de/home
https://www.wuestenrotdirect.de/de/depots/depotuebersicht.html
https://www.home.saxo/
https://www.flatex.at/
https://www.bankdirekt.at/
https://www.boerse-live.at/wertpapiere/NA-NA-NA-1-NA.html
https://www.etfinvest.sk/
https://www.dkb.de/
https://www.nordnet.se/se
https://www.tradestation-international.com/contact-us/
https://smartbroker.de/
https://new.brandnewday.nl/
https://www.1822direkt.de/
https://www.onvista-bank.de//
https://www.targobank.de/de/index.html
submitted by FIRE-bat to EuropeFIRE [link] [comments]

Market down, posts relating to T212 up.

Regular's may have noticed that Trading 212 is heavily promoted here, more so when markets are down... so I browsed through some of their filings. It turns out this spike is explained for a couple of reasons.
Firstly, marketing is almost entirely "restricted to online channels". In fact, "no rebates are paid to 3rd parties for client acquisition". The company describes these activities as "costly". But effective for attracting a "retail only" CFD clientele.
Secondly, for T212 they describe that "volatility is the single biggest driver of client acquisition". So whatever advertising works for them, they're going to be doing more of it as volatility spikes. We know volatility spikes hardest when markets drop fastest... Helps rationalise the increase in posts that promote T212 by young reddit accounts.
Is T212 Good?
I'm not a customer, I can't comment from that perspective. But for the owners, hell yeah! 2018 income was just shy of 29mm on 56mm of revenue (which at the time was all derived from CFD business). This allowed the the two main shareholders to enjoy most of the 12mm in dividends paid that year. Not bad for a company of about 200 employees and 50,000 customers!
How is it so profitable?
Well their core business was historically offering only CFD trading to retail-only (not institutional) client base. CFD as a product started getting more regulated a couple years ago (retail vs pro customer distinction). Long story short, T212 longer term are trying to build a robinhood / freetrade
[if anyone interested they're acting as an internaliser via bulgarian entity, although i couldn't figure out why this is a good way of offsetting any meaningful cost of running zero-fee sharedealing as i didnt imagine the volume would be sufficient, could be wrong].
The advantage they have is they still have this CFD cash-cow that benefits when they attract sharedealing clients, some of whom will no doubt dabble, winning (or probably losing) money on CFDs.
CFD business model
The CFD business model is pretty simple. You offer a spread on a product, when you're big you can net-off client longs against shorts, and then you take an equal and opposite position of what exposure is leftover with your counter-party... fully hedged your left with (almost) zero risk but collected the spreads.
In the past T212 used to not only make money from the CFD spread but also from "client losses on unhedged positions". To what extent they ran unhedged isn't clear, but when "76% lose money" its a nice way of juicing your returns for a little extra risk.
More recently the T212 UK Ltd entity states in their reports they operate on a "matched principal basis", "fully hedging all client positions"... the matching broker is T212 Ltd (Bulgaria)... so its not clear whether any part of the Bulgarian entity's book is unhedged, although T212 topco states that revenue is derived from "profit from a tighter spread offered by their counterparties, than they offer to their clients".
Where's T212 Client money?
A few years ago (when it was a CFD only business) client money used to be held in Cyprus through the group subsidiary Trading 212 Cy Ltd.
The Cyprus entity is no longer owned by the T212 topco, that entity was disposed of around 2018 (For 822k didn't say to whom).
Back to the point, where's the money... well we can see from T212's CFD T&Cs that there are provisions stating "we may pass money held for, or received from, you to a third party".
And on their website they state that the "[Bulgarian] Investor Compensation Fund (ICF) is up to 90% (but limited to EUR 20 000) of the client’s funds".
The UK entity most recent report states that client funds are held with "top tier banks" but (for stockbroking only)".
Best guess then for CFD clients, their money is in a bank in Bulgaria, and covered by the Bulgarian ICF.
So Sharedealing client money is with "Top Tier banks" and its only CFD client money abroad?
Not sure, because T212's Sharedealing Terms of Business (clause 12 Client Money) have substantially the same provisions about allowing the passing of client money overseas!
They also make it clear that if that party is outside of the UK the "applicable legal and regulatory regime shall be different from that of the United Kingdom".
Making it clear that "your money may be treated differently to the position which would apply if your client money had remained in the United Kingdom."
Maybe T212 marketing team can jump in to clarify...
(edit: formatting)
submitted by dialectic_duck to UKInvesting [link] [comments]

Commission free European Broker for Stock Trading and Investing

Hello All,
Everyone around the world would be thinking of investing in Stocks in this pandemic situation but would be wondering which stock broker is best to invest currently.
I currently live in Europe, and was in the same position a couple of weeks before and was doing a lot of research on this topic, and finally came up with a handful of brokers. At last, had chosen Trading 212, an UK based Stock trading/Investing broker to give it a try.I have chosen Trading 212 based on few parameters as below.
1. Commission Free:
Trading 212 is completely commission free. Saying that, your next question would be, how are they making money then. They make money from other premium services and CFDs. Being a beginner, I just want to play around with minimum cash, and not willing to pay a lot of commission for buy/sell transactions at this point of time. And Trading 212 is the place to be if you are in the similar situation. It is totally commission free for trade, no fees to Deposit and Withdraw funds for basic account, and so you can play around the stock market without your money going to big fees.
2. Suitable for Beginners:
If you are a beginner and new to stock market, Trading 212 gives you a simple to use website. They also have a mobile App that gives you the comfort to invest, track and manage your Stock portfolio anytime, anywhere. They also provides you a free practice account with fake cash, where you can improve your skills and strategies, before switching to the real account.
3. Regulated Entity:
Trading 212 is headquartered in the UK and is FCA-regulated entity. Trading 212 UK Ltd. is registered in England and Wales, authorized and regulated by the Financial Conduct Authority, FCA (Register number 609146). So they are trusted Stock brokers where you can invest and trade on Stocks and ETFs around Europe and US.
4. ETFs:
In case you are not ready for stocks yet, Trading 212 provides a wide range of ETFs(Exchange Traded Funds) around the world. So you can invest in a group of Stocks via ETFs of your convenience. It provides a diversification, and your investment will be safer that investing in direct stocks, as ETF investment is diversified across multiple stocks.
Its been two weeks since I started using the real account, and this is the first time ever I started investing in Stocks. With Trading 212, its so far, so good. It is simple to use and comfortable for a beginner like me.
If you are thinking of using Trading 212, create a Trading 212 Invest account using this link www.trading212.com/invite/GIXLKOeH and we both get a free share!
Hope this will help people who are still unsure of where to start and which app to use to invest in stocks. I will post more in the future on my experiences with Trading 212, Stock investing and more!
Stay Safe and Stay Healthy!!!
Declaimer: The above is only my experience. Please do your research before choosing a trading app and start investing.
submitted by InvestorK to u/InvestorK [link] [comments]

Are there semi-professional brokers that accept European customers

So, I've been searching forever for brokers that:
a) Allow non-UK European accounts
b) Have a platform that's suited to frequent trades with small margins and somewhat complex strategies (e.g. low-to-no commission on a per-trade basis other than the exchange fee, rich APIs + support for more order type than just sell/buy)
c) Have a wide range of instruments available (e.g. allowing for margins on SL order and/or dealing in CFDs, providing options, futures and having those available for stocks, bonds, ETFs, currencies and commodities traded on all major exchanges)
I'm sure these brokers exist for "real" customers that trade millions a day, in my case I have a sort of mid-volume strategy, where I trade e.g. ~20,000$ worht of volume each day (of course, depends on the day, could be between 0 and 50,000$ worth), so I don't have access to those kinds of brokers.
Up until now I've considered/tried:
Are there any other players on the market at the moment?
submitted by elcric_krej to stocks [link] [comments]

GBPUSD TRADES ABOVE 1.30 HANDLE AMID BROAD-BASED DOLLAR WEAKNESS

GBPUSD TRADES ABOVE 1.30 HANDLE AMID BROAD-BASED DOLLAR WEAKNESS


GBPUSD is flashing green in the Asian trading session, courtesy to the broad-based weakness in the US Dollar. The safe haven bids for the greenback undermined, courtesy to the improvement in the investors sentiment on the hopes of another stimulus package from US Administration as Democrats and White house are putting their best efforts to reach the common ground. As of now, the cable is trading at 1.3085, up by 0.16%.
Talking about the previous trading session, initially, the sterling came under selling pressure and plunged to 1.2981 due to the fears of the second wave of COVID-19 and speculations that the UK government could re-impose lockdown restrictions.
However, the pound managed to erase most of the intraday losses, following the announcement of another stimulus package from UK PM Boris Johnson. The relief fund includes an investment of nearly 900 million British pounds, focusing on home construction and infrastructure, to cushion the UK economy amidst coronavirus pandemic. Subsequently, the pair ended the trading session at 1.3069, with a marginal loss of 0.03%.
Going forward, investors will wait for UK Final Services PMI, US ADP Non- Farm Employment Change, and ISM Non- Manufacturing PMI statistics for intraday trading opportunities.
Risk Disclaimer: The vast majority of retail client accounts lose money when trading in CFDs.
submitted by FXView to FXview [link] [comments]

Plus500 (LON:PLUS) – a good hedge against the return of volatility

As volatility is set to return to the market, Plus500, with a current beta of -0.33, could be a logically-sound hedge against board market risk whilst adding capital gain potential as well as diversification benefit to the total portfolio, as it has already shown over the past few months.
Why (and What is) Plus500
The first time I came across with Plus500 (LON:PLUS) was during a UEFA Champions League game (European soccer competition) between Atletico Madrid and Barcelona that I watched a few years ago where they were (and still are) the jersey sponsor for Atletico Madrid (a top Spanish soccer club for anyone who doesn’t follow soccer). From their brand name it was hard for me me to figure out what Plus500 does, which I later found out that not only they are a one of the largest online trading platforms in Europe for CFD, spread betting and other financial assets (including cryptocurrency), but also a listed company on London Stock Exchange. And then it all made sense to me why Plus500 would choose to advertise their services through a soccer club: there are many commonalities between both soccer fields and financial markets: the ever-changing situations, the fast pace dynamics, and large volume of boisterous spectators that are ever-present.


Plus500 is an international financial firm providing online trading services in contracts for difference (CFDs), across more than 2,000 securities and multiple asset classes.
Heightened market volatility (again) could further boosted Plus500's growth
Ever-changing situations, fast-paced dynamics and large volume of boisterous spectators are indeed what characterised the global financial markets in the first half of 2020. Following the surprising V-shaped recovery from the market bottom in late March, Stocks retreated over the past few weeks as the global markets are gearing up toward another period of heightened volatility. The VIX index had a noticeable pick up over recent weeks (see charts below) as more and more confirmed COVID-19 cased were being reported following the ease of the lockdowns as well as recent protests both in the US and aboard. In addition to a looming second wave of COVID-19, there are several other potential risk factors, such as Trade conflicts between US and Europe and the upcoming Presidential election, which could significantly influence investor’s confidence over the stock markets and stimulate more tug of wars between the bulls and the bears of the markets on a day-to-day basis.

VIX index - Risk is gradually returning
Source: Refinitiv Eikon
Uncertainty triggers volatility, and Plus500 is certainly one of the a few companies that make money from this directly. The stock has performed very strongly this year (+52% YTD) relative to the board UK stock market (FTSE down by 18.3% YTD) thanks to the record level of trading activities by its customers. It also added more than 82,000 and 100,000 new customers in Q1 and Q2 respectively which exceeded their expectations for both quarters.

Plus500 stock price since 2018
Source: Refinitiv Eikon
There are other reasons to stay optimistic about the stocks: Plus500’s business operation is reasonably well diversified in terms of geographical location (see chart below). It’s also fairly cash rich for company of its size. Plus500 has a negative net debt of over $287 million in the current financial year and a projected free cash flow yield of 31.6% in 2021, which means they are unlikely to face any potentially significant liquidity concerns which often can cause businesses to go bankrupt (such as the position Wirecard find themselves in this week). Furthermore, Plus500’s shareholder returns policy is to return at least 60% of net profits to shareholders, through a combination of dividends and share buybacks, with at least 50% of this distribution being made by way of dividends. Its current dividend yield of 4% p.a. will be particularly appealing to incoming seeking investors.

https://preview.redd.it/6jmjv7vrnp751.png?width=3006&format=png&auto=webp&s=21b337a2a456932577b586bebc72c5931cba28d2
Source: Refinitiv Eikon

Plus500 stock profile
Source: Genuine Impact
Another Wirecard situation?
Ultimately the stock’s future price momentum will dependent upon the sustainability of the market volatility as well as uncertainties in regulatory landscapes. As showed in the chart earlier Plus500’s business operation spreads over several jurisdictions and they are authorised and regulated by the market regulators in the UK, Cyprus, Australia, Singapore and Israel, which means that any change and update in regulatory framework concerning CFDs or other financial instruments will likely to significantly affect Plus500’s business operation and influence market expectations on their future revenue and growth. Rewinding the clock to February 2019 its stock price more than halved over a two-week period, when the Australian market regulator announced restrictions in CFD trading rules which adversely affected Plus500’s profitability. Similar regulatory uncertainties in the future could easily cause its stock profit to slump. It’s also worth noting that Plus500 also had its fair share of accounting controversy in the past. One incident was that in its 2017 Annual Report, Plus500 announced that they did not generate net revenues or losses from market P&L in 2017. However in February 2019 the company issued a contradictory report stating that it had incurred a $103 million loss from client trading activity in the 2017 financial year, causing investors to cast doubts over the credibility of their published financials and their stock prices to plummet. Investors and regulators are likely to be more sensitive and aggressive than ever toward these kind of accounting irregularities for any public company after the Wirecard case.

Analysts upgraded their 2021 and 2022 revenue projections
Source: Refinitiv Eikon
Agree to disagree
The market seems to hold a slip view on the stock. As a matter of fact the four broker analysts that provide research coverage on Plus500 cannot have a less divided opinion on its outlook which is reflected in the ratings they give out (one strong buy, one hold, one sell and one strong sell) and range of target prices they’ve set (£6.65 - £21.38, current price at £13.01). However, over the past few months there appears to be a consensus amongst these analysts on the stock’s future growth momentum as they all lifted their 2021 and 2022 revenue projection for Plus500 (see chart above), thanks to the increasing trading volume and customer growth over the past few months. Their average revenue projections for 2021 was $365 million back in March 2020, and has now been lifted to $574 million for the same period, representing a 57% increase (roughly in line with the stock's YTD performance).
This upward momentum is likely to continue if volatility resumes in the coming weeks. Like their competitors in the sector, Plus500’s financial performance this year will be dependent, among other things, on the global financial market conditions providing sufficient trading opportunities for customers.
Thanks for reading my post and I appreciate any feedback and comments! Stay safe and all the best with your investments.
submitted by hdent1985 to UKInvesting [link] [comments]

Trading Report for Week Starting 27th April, 2020.

This is a recurring weekly post to track all analysis, trades and outcomes in one place. This will be posted for the start of each week. The weekly round summary will be completed during the weekend, and the daily sections will be updated each time an entry or exit is made in real time, so this tread can be bookmarked and checked daily if you want to follow.
All entries will be posted when taken. Both profits and losses will be reported, as will both accurate and inaccurate analysis/forecasts. Analysis and trades will be assessed on a scale of 1 to 10. This will be a self assessment intended to show the effectiveness, or lack of, of the analysis and personal record keeping. If you think the grades are wrong, you can comment your option of the grades.

You can see tracking of monthly forecasts and trades here. https://bearmarketsprofits.com/analysis
Long term, mid term and immediate term analysis/forecasts can be found at the bottom of this post.

**Bookmark this post if you want to follow updates. Check the "Analysis and trade links sections" for daily real time updates.*\*

End of week summary.

Asset Options Closed PL (K) Options Floating PL (K) Futures Closed PL (K) Futures Floating PL (K) Net Closed PL (K) Net Floating PL (K)
Indices
Crude Oil
Total

Net Results Since Stating;
Closed: +260
Floating: +85


Daily Breakdown.


DAY Options Closed PL (K) Options Floating PL (K) Futures Closed PL (K) Futures Floating PL (K)
Monday 0 -80 0 +70
Tuesday
Wednesday
Thursday
Friday
***************************************************************************************

Analysis and Trades Links
This section will be updated as new entries and exits are taken each day.
(Check here for live updates)

***************************************************************************************

Monday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Dow Sell 24,420 24,580 23,800 15 +80
Dow Buy 23,700 23,600 24,520 16 +91
Dow Sell 24,747 25,600 10,000 8 Pending
SPX 2900 2957 1600 11 Active.
Links to analysis, entries and exits posted for these trades
Dow Jones 24,400 entry. https://www.reddit.com/use2020sbeacomments/g33bl3/everyone_understand_it_update/
Dow buy entry https://www.reddit.com/use2020sbeacomments/g8opqo/buying_dow_to_hedge_sold_calls/
Dow & SPX pending orders. https://www.reddit.com/use2020sbeacomments/g946vk/27th_april_2020_pending_orders_for_bull_trap_high/
Dow hedge exit. https://www.reddit.com/use2020sbeacomments/g9lqus/exiting_hedges_and_going_short_again/

***************************************************************************************

Tuesday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result
SPX Sell 2917 2900 - 2300 20 May 50 Active
SPX 2918 2910 20 May 52 Active
SPX 2916 290 20 May 50 Active
SPX Sell
Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
SPX sell 2919 2961 1600 7 Active
Dow sell 24,500 25,300 10,000 11 Active
SPX Sell 2920 2929 1670 6 +9
Dow 24,500 24,547 11,000 5 +47
Links to analysis, entries and exits posted for these trades

Futures shorts https://www.reddit.com/use2020sbeacomments/g9mdqi/selling_futures/
SPX puts https://www.reddit.com/use2020sbeacomments/g9lwxf/margin_rereinforcements_arrived_buying_more_puts/
Second SPX put https://www.reddit.com/use2020sbeacomments/g9n2bp/taking_big_may_closer_to_atm_put_on_spy_now/foucsaq/
Dow/SPX shorts (with tight stops) https://www.reddit.com/use2020sbeacomments/g9msnm/selling_more_futures/

3/4 exit on futures and exit on dailies. https://www.reddit.com/use2020sbeacomments/g9ogvo/taking_profits_on_my_dailies_and_34_profits_on/


***************************************************************************************

Wednesday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Thursday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Friday -
Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************


Analysis and Trades Assessment (1-10. 10 is best)

Monday -
Analysis:
Trades:
Comments:

Tuesday -
Analysis:
Trades:
Comments:


Wednesday -
Analysis:
Trades:
Comments:

Thursday -
Analysis:
Trades:
Comments:

Friday -
Analysis:
Trades:
Comments:

Roundup of the Week (Comments)



Analysis Overview



Long term analysis;
This is an overview of long term analysis. This will not be updated regularly, so if you've read this once skip to the monthly overview, after the line break. Jump to the bottom section for weekly (new) updates.
---
Find a three year forecast of the Dow Jones bear market of the 2020's here.
---
-----------------------------------------------------------------------------------------------------------------------------------------------------
The US indices have been forming a bubble over the last 50 years. In 2000 and 2008 we seen the early 'Bear trap' sections of the bubble and then in the following decade we seen enthusiasm become greed and greed become delusion. The 30% gain in the S&P500 through the year 2019 was the final stages of this bubble.
Here is a post describing us being in the 'Delusion' stage of the bubble in January of 2020.

The pop of this bubble and the following bear market will not be a nice fast one like the crashes of 2000 and 2008, it will be a more drawn out affair where prices drop far lower. The crash of the 2020's will be more like the crash of the 1930's depression. See the analysis leading to this conclusion here.

In the months of January and February major US indices traded into the zone where a bubble template would be looking for the top to be made. Read about how this method has worked in previous crashes here. First forecasts in late January were mostly stopped out. There were losing signals on the Dow around 29,300 and some in February at 28,900. Individual stocks shorts done poorly, One exception was the Vanguard dividends index VYM. This did make it's high on the exact price first posted.
Individual stocks picks done particularly poorly in January. TSLA almost doubled from the first shorting price of 510. Some did a bit better. Like shorting T at 39.

Later in February more sell signals were generated as price traded briefly over important resistance levels. If price broke back under these it would suggest market weakness. These were 170 on VTI and 29,000 on the Dow. Once these levels were broken the bear market began. In the following days a signal for a 30% drop on the Dow Jones came (and was successful).

Individual stock picks did much better in February. High prices were signalled in MSFT, BRK, SPCE, GOOG. A high on AMZN was called, but price later traded higher. The best signal generated was a buy on the TVIX from 34 to 800.
In the month of March , 2020, the bubble popped. Most risk based assets and indices crashed over 30%. First analysis post said to wait for a bounce to sell into, but this was updated before the market opened to say prices could fall 8% and then 30% in March. At this point the TradingView account was suspended. Only one account is allowed, and this was set up specifically for a 2020's bear market. So no further posts or updates were made there.
On the 3rd of March came the first signal to look for the down move entering somewhere in the 16,000 - 18,000 area on the Dow Jones. Followed by a post on the 16th of March saying we're entering into the bull trap. The low on the Dow would be made around 18,250 on the 23rd of March. From here a rally began which has made a current high of 24,500.
April of 2020 has been the bull trap month. Some losing signals have been generated in the later couple weeks of April. A few calls on the top of the bull trap have been made. Prices have not went substantially higher, they've just not dropped. A forecast on the 17th of April marks the current high, but it looks like price can trade a bit higher. A post on the 19th of April calls for a crash in the S&P500 to 1,600 within the next 5 - 10 weeks.
Today is the 25th of April. Over the last two weeks forecasts of a big drop starting have been inaccurate. I very strongly suspect this is akin to the sell signals generated in late January and early February. It's the right idea, but it's just the wrong time. A top in the Dow Jones somewhere in the 24,000 - 25,000 area could be the end of the bull trap and a huge fall would be due in the months ahead.
If this fall happens in the month of May or June, a low can be made in around 8,000 - 9,000 on the Dow Jones. From here price can bounce back to around 18,000 (over the space of about 6 months). The next bear market could then start sometime around the year 2021, and be a two year bear market taking the Dow Jones all the way down to under 5,000.
-----------------------------------------------------------------------------------------------------------------------------------------------------

Monthly Analysis

This is an analysis of forecasts for the month ahead. These will be updated monthly. If you've read this month's you can skip to the next line break.
-----------------------------------------------------------------------------------------------------------------------------------------------------

Month of May:

It's the last week of April and the month of May will soon start. Expecting the month of May to be a strong sellers month. During this month the sellers may be able to break the lows of March and this would be a signal that a big market crash could soon follow. The big sell might not happen in May, it could be in June, but May is probably the best month to position for a market crash.

-----------------------------------------------------------------------------------------------------------------------------------------------------
Weekly Analysis
This is an analysis of the week ahead. Please be aware immediate term forecasts are often the harder ones to make, and this means there are going to be more times weekly forecasts are inaccurate (Even if the overall forecast turns out to be accurate). Especially when picking out reversal levels, to get this correct to the day is often hard and can take a few attempts.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Week starting 27th of April:

It looks like last week I was suckered into the little bear traps near the end of the bull trap. This has probably been FOMO. Wanting to err on the side that would make sure I was in the trade if it happened. This has been an emotion based mistake that actually directly conflicts with the first forecast of a high on the Dow around 25,000.
I've taken early sell signals 24,000 and 24,500 and been quite convinced the 24,500 spike was the high. Heading into the week, I think I've been mistaken and the high is indeed going to come in very close to 25,000 (About 24,900 and I'll probably start to sell around 24,800). I think this move will be a stop run against all us sellers who've made the same mistake (Not all will notice it).
In the week ahead I'm planning to hedge by sell orders for a big spike up close to 25,000. I'll be expecting this spike to be a fast move and probably come off of some sort of positive news headline.

I'll edit this post to add in some more detailed analysis of my trade plans for the week ahead. This will be done by the open of Monday market, so check back to read that.

Update: Hour before the week's open. Here is the expected move and pending entry into the Dow Jones. https://bearmarketsprofits.com/2020/04/26/26th-april-2020-watch-for-the-pick-pocket-high/

Update: My perspective on different put options expires in light of recent mis-forecasts of the end of the bull trap. https://www.reddit.com/use2020sbeacomments/g8k74v/to_nervy_puts/
-----------------------------------------------------------------------------------------------------------------------------------------------------


If you benefit from this analysis, please remember to be considerate to those who (through no choice of their own) ended up on the losing side of the circumstances that allowed your trades to profit.
Please share this analysis with anyone you think it could help.
submitted by 2020sbear to u/2020sbear [link] [comments]

Are there semi-professional brokers that accept European customers

So, I've been searching forever for brokers that:
a) Allow non-UK European accounts
b) Have a platform that's suited to frequent trades with small margins and somewhat complex strategies (e.g. low-to-no commission on a per-trade basis other than the exchange fee, rich APIs + support for more order type than just sell/buy)
c) Have a wide range of instruments available (e.g. allowing for margins on SL order and/or dealing in CFDs, providing options, futures and having those available for stocks, bonds, ETFs, currencies and commodities traded on all major exchanges)
I'm sure these brokers exist for "real" customers that trade millions a day, in my case I have a sort of mid-volume strategy, where I trade e.g. ~20,000$ worht of volume each day (of course, depends on the day, could be between 0 and 50,000$ worth), so I don't have access to those kinds of brokers.
Up until now I've considered/tried:
Are there any other players on the market at the moment?
submitted by elcric_krej to Trading [link] [comments]

Are there semi-professional brokers that accept European customers

So, I've been searching forever for brokers that:
a) Allow non-UK European accounts
b) Have a platform that's suited to frequent trades with small margins and somewhat complex strategies (e.g. low-to-no commission on a per-trade basis other than the exchange fee, rich APIs + support for more order type than just sell/buy)
c) Have a wide range of instruments available (e.g. allowing for margins on SL order and/or dealing in CFDs, providing options, futures and having those available for stocks, bonds, ETFs, currencies and commodities traded on all major exchanges)
I'm sure these brokers exist for "real" customers that trade millions a day, in my case I have a sort of mid-volume strategy, where I trade e.g. ~20,000$ worht of volume each day (of course, depends on the day, could be between 0 and 50,000$ worth), so I don't have access to those kinds of brokers.
Up until now I've considered/tried:
Are there any other players on the market at the moment?
submitted by elcric_krej to Daytrading [link] [comments]

Trading Report for Week Starting 20th April, 2020.

This is a recurring weekly post to track all analysis, trades and outcomes in one place. This will be posted for the start of each week. The weekly round summary will be completed during the weekend, and the daily sections will be updated each time an entry or exit is made in real time, so this tread can be bookmarked and checked daily if you want to follow.
All entries will be posted when taken. Both profits and losses will be reported, as will both accurate and inaccurate analysis/forecasts. Analysis and trades will be assessed on a scale of 1 to 10. This will be a self assessment intended to show the effectiveness, or lack of, of the analysis and personal record keeping. If you think the grades are wrong, you can comment your option of the grades.

You can see tracking of monthly forecasts and trades here. https://bearmarketsprofits.com/analysis
Long term, mid term and immediate term analysis/forecasts can be found at the bottom of this post.

This week this will be only partially filled in and be approximate estimates from memory (I was not organised last week and it'd take ages to go through all the posts/comments and trades). From the week ahead onward this will be complete and accurate.

End of week summary.

Asset Options Closed PL (K) Options Floating PL (K) Futures Closed PL (K) Futures Floating PL (K) Net Closed PL (K) Net Floating PL (K)
Indices +160 -22 +100 +107 +260 +85
Crude Oil -4 -1 NA NA -4 -1
Total +256 +84

Net Results Since Stating;
Closed: +260
Floating: +85


Daily Breakdown.


DAY Options Closed PL (K) Options Floating PL (K) Futures Closed PL (K) Futures Floating PL (K)
Monday
Tuesday +80
Wednesday -55
Thursday +200 +30
Friday -65 -22 +70
***************************************************************************************

Analysis and Trades Links
This section will be updated as new entries and exits are taken each day.

(This section will be blank this week. Skip this)

***************************************************************************************

Monday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Tuesday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Wednesday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Thursday -

Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************

Friday -
Profit/Loss overview

Traded Options Closed PL Futures Closed PL Options Floating PL Futures Floating PL Net Closed PL Net Floating PL

Trades breakdown

Options
Traded Entry Price Strike Price Expiry Date Risked Result

Futures/CFD/Spot

Traded Entry Stop Loss Take Profit Risked Result
Links to analysis, entries and exits posted for these trades

***************************************************************************************


Analysis and Trades Assessment (1-10. 10 is best)

Monday - Can't remember. Don't think it was a significant day.
Analysis:
Trades:
Comments:

Tuesday -
Analysis: 7
Trades: 8
Comments:
Down trending day. Price made three significant high points through the day and sold each one of them. Good exit close to low of day. Prevented from being a 10 by first entries a bit too early and missing low of day exit.


Wednesday -
Analysis: 1
Trades: 2
Comments:
Sold into up trending day. A few different sell levels were taken and all failed. Prevented from being zero by identifying reasonably good stop loss levels for analysis and taking actions to reduce losses in trading.

Thursday -
Analysis: 9
Trades: 7
Comments:
Analysis almost perfect. There were three major drops through the day and each one was called accurately and timely. Prevented from being a 10 by being slightly out on the high price of the day. Really good trades taken at the high prices and an exit near the low price of the day. Prevented from being a 10 by being able to exit at same price earlier (less time decay) and taking (small) losing trades later in the day.

Friday -
Analysis: 2
Trades: 0
Comments:
Sold into up trending day. Analysis prevented from being a zero by the fact that prices did make small drops from each of the sell levels identified but did not make the bigger move forecast. Trading a zero. All options expired worthless and there was a couple opportunities to have taken profits on them.

Roundup of the Week (Comments)

Profitable but muddled. Some forecasts were totally inaccurate and forecasts had to be changed various times (some profitably and others not). The end of a bull trap is a confusing time, so making generating some false signals at this point does not raise any concerns about the overall plan needing to be changed.
Could have traded better. Trades in the futures markets (some of which were long trades to hedge shorts) were okay. It would have been possible to risk less to gain more with better options trades. Both on the winning and losing ones. Better trades could have been made using the same information. Can do better.

Analysis Overview



Long term analysis;
This is an overview of long term analysis. This will not be updated regularly, so if you've read this once skip to the monthly overview, after the line break. Jump to the bottom section for weekly (new) updates.
---
Find a three year forecast of the Dow Jones bear market of the 2020's here.
---
-----------------------------------------------------------------------------------------------------------------------------------------------------
The US indices have been forming a bubble over the last 50 years. In 2000 and 2008 we seen the early 'Bear trap' sections of the bubble and then in the following decade we seen enthusiasm become greed and greed become delusion. The 30% gain in the S&P500 through the year 2019 was the final stages of this bubble.
Here is a post describing us being in the 'Delusion' stage of the bubble in January of 2020.

The pop of this bubble and the following bear market will not be a nice fast one like the crashes of 2000 and 2008, it will be a more drawn out affair where prices drop far lower. The crash of the 2020's will be more like the crash of the 1930's depression. See the analysis leading to this conclusion here.

In the months of January and February major US indices traded into the zone where a bubble template would be looking for the top to be made. Read about how this method has worked in previous crashes here. First forecasts in late January were mostly stopped out. There were losing signals on the Dow around 29,300 and some in February at 28,900. Individual stocks shorts done poorly, One exception was the Vanguard dividends index VYM. This did make it's high on the exact price first posted.
Individual stocks picks done particularly poorly in January. TSLA almost doubled from the first shorting price of 510. Some did a bit better. Like shorting T at 39.

Later in February more sell signals were generated as price traded briefly over important resistance levels. If price broke back under these it would suggest market weakness. These were 170 on VTI and 29,000 on the Dow. Once these levels were broken the bear market began. In the following days a signal for a 30% drop on the Dow Jones came (and was successful).

Individual stock picks did much better in February. High prices were signalled in MSFT, BRK, SPCE, GOOG. A high on AMZN was called, but price later traded higher. The best signal generated was a buy on the TVIX from 34 to 800.
In the month of March , 2020, the bubble popped. Most risk based assets and indices crashed over 30%. First analysis post said to wait for a bounce to sell into, but this was updated before the market opened to say prices could fall 8% and then 30% in March. At this point the TradingView account was suspended. Only one account is allowed, and this was set up specifically for a 2020's bear market. So no further posts or updates were made there.
On the 3rd of March came the first signal to look for the down move entering somewhere in the 16,000 - 18,000 area on the Dow Jones. Followed by a post on the 16th of March saying we're entering into the bull trap. The low on the Dow would be made around 18,250 on the 23rd of March. From here a rally began which has made a current high of 24,500.
April of 2020 has been the bull trap month. Some losing signals have been generated in the later couple weeks of April. A few calls on the top of the bull trap have been made. Prices have not went substantially higher, they've just not dropped. A forecast on the 17th of April marks the current high, but it looks like price can trade a bit higher. A post on the 19th of April calls for a crash in the S&P500 to 1,600 within the next 5 - 10 weeks.
Today is the 25th of April. Over the last two weeks forecasts of a big drop starting have been inaccurate. I very strongly suspect this is akin to the sell signals generated in late January and early February. It's the right idea, but it's just the wrong time. A top in the Dow Jones somewhere in the 24,000 - 25,000 area could be the end of the bull trap and a huge fall would be due in the months ahead.
If this fall happens in the month of May or June, a low can be made in around 8,000 - 9,000 on the Dow Jones. From here price can bounce back to around 18,000 (over the space of about 6 months). The next bear market could then start sometime around the year 2021, and be a two year bear market taking the Dow Jones all the way down to under 5,000.
-----------------------------------------------------------------------------------------------------------------------------------------------------

Monthly Analysis

This is an analysis of forecasts for the month ahead. These will be updated monthly. If you've read this month's you can skip to the next line break.
-----------------------------------------------------------------------------------------------------------------------------------------------------

Month of May:

It's the last week of April and the month of May will soon start. Expecting the month of May to be a strong sellers month. During this month the sellers may be able to break the lows of March and this would be a signal that a big market crash could soon follow. The big sell might not happen in May, it could be in June, but May is probably the best month to position for a market crash.

-----------------------------------------------------------------------------------------------------------------------------------------------------
Weekly Analysis
This is an analysis of the week ahead. Please be aware immediate term forecasts are often the harder ones to make, and this means there are going to be more times weekly forecasts are inaccurate (Even if the overall forecast turns out to be accurate). Especially when picking out reversal levels, to get this correct to the day is often hard and can take a few attempts.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Week starting 27th of April:

It looks like last week I was suckered into the little bear traps near the end of the bull trap. This has probably been FOMO. Wanting to err on the side that would make sure I was in the trade if it happened. This has been an emotion based mistake that actually directly conflicts with the first forecast of a high on the Dow around 25,000.
I've taken early sell signals 24,000 and 24,500 and been quite convinced the 24,500 spike was the high. Heading into the week, I think I've been mistaken and the high is indeed going to come in very close to 25,000 (About 24,900 and I'll probably start to sell around 24,800). I think this move will be a stop run against all us sellers who've made the same mistake (Not all will notice it).
In the week ahead I'm planning to hedge by sell orders for a big spike up close to 25,000. I'll be expecting this spike to be a fast move and probably come off of some sort of positive news headline.

I'll edit this post to add in some more detailed analysis of my trade plans for the week ahead. This will be done by the open of Monday market, so check back to read that.
-----------------------------------------------------------------------------------------------------------------------------------------------------


If you benefit from this analysis, please remember to be considerate to those who (through no choice of their own) ended up on the losing side of the circumstances that allowed your trades to profit.
Please share this analysis with anyone you think it could help.
submitted by 2020sbear to u/2020sbear [link] [comments]

What T4B, RoboForex & other brokers bring to the table + why im still bullish af going forward for GVT

Pretty lengthy reply so thought id reply with a new thread for visibility:
@koalaindisguise -> ''Before the project launch, partnership with these forex companies was announced with a big hype. They were not US/UK financial institutions but at least they were companies with legal entities.
I was thinking/hoping that we would be able to entrust our tokens to professional brokers working under these companies. In the end, we have to deal with noname finance gurus on the internet who wants to gamble other people's savings with 50% success fee.
We are just slowly bleeding out one way or the other. I don't think US adoption will turn the table because of tokenomics.''
Before i start:
  • You talk about dealing with some noname finance gurus on the internet, and you would quite happily entrust your tokens to a 'professional broker'. This is the problem with the current industry. There is no transparency. You are entrusting your tokens blindly and you have no idea how your funds are actually being managed nor past performance of these brokers. Genesis Vision gives you the freedom to diversify your investments across multiple different managers, brokers, account types (forex/crypto/stocks) as well as GV Funds & even copytrading soon. With all past and real time results on display.
  • Some of these noname finance gurus might actually be pretty poor traders, in which case they will drop to the bottom of the pile and their trading history open for all to see. There are some good traders too, following all available investment advice would see you wait to make an investment in the right manager based on their program metrics.
  • TLDR - There are good eggs and there are bad eggs, blame the manager for their bad trades, not the platform. Also remember it was your choice to invest in that manager and all the metrics were available for you to view before you did.
Back to your question regarding partnerships:
Tools4Brokers:
  • T4B engage in technological maintenance and software development for brokerage companies, mainly in forex markets.
  • T4B provides solutions to over 250 companies from thirty different countrys
  • Aleksey Kutsenko CEO of Tools For Brokers is the co-founder & CBDO of Genesis Vision
  • Aleksey is responsible for the implementation strategy of the Genesis Vision platform in the Forex industry
  • T4B supply Genesis Vision with ready codebase solutions.
  • A few details on Alekseys background -> https://blog.genesis.vision/genesis-vision-development-plans-for-2018-from-our-cbdo-alexey-kutsenko-c9aa484bb714
IMO this is a very valuable partnership to have. T4B already had an existing portfolio of brokers prior to the release of the GVT platform. This will have proved greatly beneficial in relation to B2B networking for Genesis Vision, not to mention any techical knowledge and business advice T4B will have bought to the table. Going forward im sure this would continue to be greatly beneficial.
RoboForex:
  • RoboForex supports a roster of approximately 9400 assets from eight different categories, those being forex, stocks, indices, ETFs, commodities, metals, energies and even cryptocurrencies with liquidity for them provided by eight separate liquidity providers.
  • Genesis Vision managers have a “pro standard” account type, meaning that they have access to 36 currency pairs, metals, CFDs and cryptocurrencies.
  • GV Managers can trade with a leverage of up to 1:100
The RoboForex broker is just another broker to add to the list of tools and markets available for GV managers to trade on. I have not personally traded on RoboForex so cannot offer an opinion on how good of a broker they are, but at current they just add an addition choice for trading in the GV ecosystem.
This goes for other Crypto/Forex brokers that will arrive in the platform shortly and are currently integrated. With more and more tools and opportunites becoming available for both the current and future GV managers, the higher chances of creating a successful happy manager
MY reasons for continuing to be bullish on GVT
  • The team continue to focus on development that attracts more managers and investors to the platform (Okex, Huobi, Exante, Chinese translation, Copytrading etc.)
  • Im not saying every manager will be profitable, far from it, but more managers = more profits that flow through to buy pressure on GVT.
  • A new leveling system is being developed that rewards managers based on individual performance rather than creating competition between one another
  • Funds are extremely underrated
  • Some did not agree, but the addition of the multicurrency wallet was the BEST step to take. This will allow for further adoption of the platform and growth in the long run, some of you have seen this as a negative step because you are under the impression it has caused the price in sats to go down. I would like to see more assets added to the multicurrency wallet, not less.
  • The token has solid use cases & if you see the latest AMA their are discussions for additional use cases. These usecases scale heavily with adoption.
I check their Github daily. They are building out this platform making more tools and brokers available, which will only lead to increased adoption by Crypto/Forex Managers & Investors.
Then the marketing comes after the development is complete and the platform is perfected
  • We will see hundreds and in time thousands of managers longer term. If we take a conservative guess and say 20% of these managers are making profit, all this profit will flow through the GVT token. There is now only buy pressure on the token, the sell pressure was removed with the addition of the multicurrency wallet.
  • Some of you have previously said 'Well wont the investor just sell their profits distributed in GVT?'. Of course they can, if they choose too. But alternatively they can also hold GVT for reduced trading fees, reinvest their GVT to another program, invest in a GV Fund, subscribe to a copy trader using GVT as the subscription fee. The latter again, positively effects the Genesis Vision Token.
Heres my other reasons (Yes i've been watching GVT a long time):
submitted by elcryptonerd to genesisvision [link] [comments]

Is Karatbit and Karatbars a scam?

On Tuesday 16th July, just a few weeks ago I was invited to attend a Karatbit, Karatbars/Karatbank presentation. The presentation was touting everything including a blockchain mobile phone. Someone had approached me over the weekend to investigate an investment, they had made with Karatbit/Karatbars. I attended the presentation with some research which, to be honest, was not that favourable to the company but nevertheless still went with an open mind.
KaratBank, a Singapore-based financial organization, has propelled another digital currency that it claims is bound to real physical gold. Is this a progressive thought – or a trick?
KaratBank, an organization located in Singapore, has quite recently declared the dispatch of KaratBank Coins (KBC), another digital currency it said is attached to gold. Be that as it may, not just the cost of gold, as different monetary forms — to real bits of gold: they're embedded in plastic cards or banknotes. In any event, that is the way it appears upon first sight.
KaratBank is a sister company of KaratBars International, located in Germany. KaratBars really sells gold in exceptionally small quantities (like 0.1g to 1g bullions), inserted into plastic cards (Karatbars) or money like notes (CashGold). The notes are famously overpriced: back when 1 gram of gold was $40, the 1g CashGold note cost $65.
As per KaratBank whitepaper, 10,000 KBC can be traded for 0.1g CashGold notes.
The initial coin offering kicked off earlier this year and proceeded until March 21, with the ICO starting March 22 (1 KBC = $0.05), Coin Telegraph reports.
Be that as it may, KaratBars International as an organization is emphatically connected with scams. A basic search for KaratBars on Google returns three connections with the word "scam" in them on the first page. KaratBars was prohibited in Canada in 2014 over an Autorité des marchés agents (AMF) with a Scam warning.
The Canadian government found that KaratBars executes some kind of multi-layered marketing (MLM), or "pyramid" scheme organisation that urged individuals to get new recruits and profit from their sales, promising a return of $15,000 to $136,000 every month.
In any case, Is KaratBank is a different story? All things considered, yes and no. Upon a more intensive look at the organization's whitepaper, one finds the following:
"United States of America citizens, residents (tax or otherwise) or green card holders, as well as residents of Canada, the People's Republic of China or the Republic of Singapore, are not qualified to partake in the KaratBank ICO."
As indicated by the Behind MLM site, the explanation behind this may lie in the way that those nations have actualized strict regulation on ICOs, and KaratBank does not have any desire to have anything to do with them.
"ICOs are not unlawful in the US or Canada. In the US, however, ICOs are ordinarily viewed as securities and require registration with the [Securities and Exchange Commission]," the site reads. "Singapore hasn't prohibited ICOs however it is one of the nations KaratBars International works in through the shell companies KaratPay and KaratBars Singapore. Singapore regulators closing those organizations down would cripple KaratBars International. The board most likely figure it's best not to take any risks."
To work lawfully in any purview, KaratBars International would need to register itself with the proper securities regulator in that jurisdiction, which the organization appears to need to abstain from, raising doubts.
From one's point of view what is disheartening is that blockchain is a great new technology and companies like this seem to mix their existing business with cryptocurrencies. Knowing full well that the general public does not really understand cryptocurrencies, let alone blockchain or Distributed Ledger Technology (DLT). As a blockchain consultant, one feels obligated to pose some questions anyone thinking of getting involved should be asking.
At the presentation, I heard the presenters say “ Karatbars is giving its members the opportunity to buy gold in small quantities. They also encourage you to save in gold instead of paper money. This can easily be done by buying as little as 0.1 gram of gold or 1 gram - 2.5 gram or 5 grams.”
They said members can keep their gold in Karatbars' vault or ask them to send it to you. Cash gold is the most popular form of buying gold as the gold is embedded in a banknote. 24kt gold 99.9% pure makes it easier for anyone to accumulate wealth.
Karatbars is also involved in cryptocurrency and got their own coins, namely KBC and KCB coins. I'm going to get very deep into this, but the main thing to remember is that they say, “these coins are increasing in value and that it is backed by gold”. whereas and another Cryptocurrency is backed by nothing.
As a self-proclaimed proponent of blockchain and a graduate of Digital Forensics, I feel obligated to say a few words about this presentation on Karatbit or at least as a conscious citizen of this global world of technology users. Blockchain is a magnificent emerging technology that can be harnessed to do so many things. But most importantly it is a technology that provides one single source of truth. If groups are using this single source of truth technology to spread untruths, someone concerned must come out to say something. Blockchain is a technology that can put everyone on an even playing field but it seems very few understand it. The individuals with even the fleeting basic understanding can influence the general public perception of cryptocurrencies. This leads me to ask a great quote from a book called Richest Man in Babylon …. “if you want advice on investing in expensive jewels, why would you go to a butcher?”
The following is what the masses are being manipulated to attach their hopes and dreams. It is that “a further drop in the value of Bitcoin and other cryptocurrencies has recently left investors nursing heavy losses. Many proponents are holding out for a new breakout “if their digital assets can go mainstream.”
The most important part of that statement is “if their digital assets can go mainstream”. This made me ask some questions about Karatbit and this is what I came up with.
Something is fishy!! Can someone clarify the following?
Claim 1: Gold mine worth $900 million provides security.
Can’t find any official source as proof.
Reference: https://www.youtube.com/watch?v=TyKQIckXyIU
Claim 2: Backed by a gold mine in Africa
Can’t find any official source as proof.
Reference: https://www.youtube.com/watch?v=d5Q3ZvR4b04
Claim 3: Audit report by MM Revisors for a gold mine in Madagascar
Can’t find proof that MM Revisors exists. Not sure if this report was published by Karatbars Int (can’t find it on their official website), but this is being circulated by some investors as if it were.
Reference: https://karatbars-me.webnode.es/\_files/200000070-01d6002d18/audit.pdf
Claim 4: Karatcoin Bank is a fully licensed crypto bank and is situated in Miami
Can’t find proof that they are registered as a licensed financial institute in Miami, Florida.
Can’t find Karatcoin Bank as a registered corporation, but found Karat Coin Corp.
Reference: http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResults?inquiryType=EntityName&searchNameOrder=KARATBANK&searchTerm=Karatbank
Reference: https://www.youtube.com/watch?v=YXip2Fizz5U&t=152s
Claim 5: Not a pyramid scheme
Karatbit describes this as an affiliate program but clearly is a pyramid scheme at best, see links below;
Canada: https://www.newswire.ca/news-releases/karatbars-quebec-activities-covered-by-prohibition-orders-514201571.html
Namibia: https://economist.com.na/43874/extra/karatbars-international-is-a-scamsays-central-bank/
Netherlands: https://www.afm.nl/en/nieuws/2014/mei/waarschuwing-karatbars
Claim 6: 100KBC = 1g of Gold at $40 per gram (1 KBC = $0.40) (guaranteed)
Total supply = 12,000,000,000 KBC (can’t find figures of circulating, so using supply instead)
Total gold needed to cover buy back of all coins:
12,000,000,000 / 100 = 120 000 000g = 120 tons (South Africa as a whole produced 139.9 tons of Gold in 2017).
Total money needed to buy back all the coins:
120 000 000g x $40 = $4.8 Billion
Can’t find proof that they have 120 tons of gold in storage (or backed up by the mines as claimed) or that they are at least worth $4.8 Billion to buy the gold?
Taking a more conservative approach:
According to icobench.com, they raised $100 000 000 with their ICO from 60% of the total supply.
Let’s assume the 60% of 12,000,000,000 is in circulation. This equals to 7,200,000,000 KBC.
Total gold needed for the buyback of 7,200,000,000 KBC:
7,200,000,000 / 100 = 72 000 000g = 72 tons
Total money needed to buy back all coins:
72 000 000g x $40 = $2.88 Billion
Loss for buying back the KBC that were sold during the ICO:
$100,000,000 - $2,880,000,000 = - $2,780,000,000
A potential loss of $2,78 Billion!!! Or am I taking crazy pills?
Reference: https://www.youtube.com/watch?v=KgeHjhlMfn0
Reference: https://icobench.com/ico/karatgold-coin
Claim 7: This Forbes.com article gives credibility to the KBC coin
This article was written by a Contributor.
Reference: https://www.forbes.com/sites/joresablount/2019/05/31/10-blockchain-companies-to-watch-in-2019/#308b507e543f
There is no traditional editing of contributors’ copy, at least not prior to publishing. If a story gets hot or makes the homepage, a producer will “check it more carefully,” DVorkin said.
Reference: https://www.poynter.org/reporting-editing/2012/what-the-forbes-model-of-contributed-content-means-for-journalism/
“Blogging for Forbes requires being what is commonly referred to as a "self-starter."
So far, nobody has said, "Um, you can't do that," or, "Oh, my God, no!"
Reference: https://www.forbes.com/sites/susannahbreslin/2011/04/06/how-to-become-a-forbes-blogge#231bb9972862
“Warning over 'scammers paradise' as watchdog reveals victims lost £27m to bitcoin, cryptocurrency and forex frauds last year”
• Some 1,850 cases were reported to Action Fraud, a 250% increase on 2017-18
• Victims lost an average of £14,600 - with fewer than 1 in 20 getting money back
• Investors are often initially told they've made a profit
• They are then encouraged to put in more money - at which point the fraudsters run off with their cash
Potential victims have been warned over bogus online 'get rich quick' schemes as it emerged people lost more than £27million to cryptocurrency and foreign exchange scams last year.
Fraudsters promise high returns to those who invest, according to Action Fraud and the Financial Conduct Authority.
Victims lost an average of £14,600 in 2018-19 and stand little chance of getting their money back.
Reports of cryptocurrency and forex investment scams increased by nearly 250 per cent in 2017-18, from 530 to nearly 1,850.
The scams work by criminals promoting get-rich-quick online trading platforms through social media. Posts often use fake celebrity endorsements and images of luxury items like expensive watches and cars.
Beat the scammers:
These then link to professional-looking websites where consumers are persuaded to invest.
Often investors are led to believe their first investment has successfully returned a profit, and are then enticed to invest more money or introduce friends in return for greater profits.
But the returns stop, the customer account is closed, and the scammer disappears with no further contact.
'Anyone handing over their hard-earned cash should make sure they understand what they're getting into, they've checked it's a legitimate investment, and not rely on hype and excitement from friends or social media.
'Investing isn't a get-rich-quick scheme - and anything that uses fear of missing out or requires you to invest before thinking is best to be avoided.'
Those considering an investment to check the following for tips on how to avoid investment fraud at www.fca.org.uk/scamsmart.
Scammers can be very convincing so always do your own research into any firm you are considering investing with, to make sure that they are the real deal.
'It's vital that people carry out the necessary checks to ensure that an investment they're considering is legitimate.
UK consumers are being increasingly targeted by crypto asset-related investment scams.
Certain crypto assets, like Bitcoin and Ether (also known as cryptocurrencies), are not regulated in the UK. This means that buying, selling or transferring these crypto-assets falls outside FCA remit. The same is true for the operation of a cryptocurrency exchange.
However, some types of crypto-asset products may be or may involve regulated investments depending on their nature and how they are structured. For example, firms that sell regulated investments with an underlying crypto asset element may need to be authorised by the FCA to do so.
In recent months, the FCA claims it has received an increasing number of reports about crypto-asset investment scams. Some of them may involve regulated activities, others don’t, but all use similar tactics.
How crypto-asset investment scams work
Cryptoasset fraudsters tend to advertise on social media – often using the images of celebrities or well-known individuals to promote cryptocurrency investments. In this case, laughably they said KaratBit was endorsed by Barak Obama’s sister. Who is she and what does she know about cryptocurrencies and blockchain? The ads then link to professional-looking websites. Consumers are then persuaded to make investments with the firm using cryptocurrencies or traditional currencies.
The firms operating the scams are usually based outside the UK but will claim to have a UK presence, often a prestigious City of London address.
Scam firms can manipulate software to distort prices and investment returns. They may scam people into buying the non-existent crypto asset. They are also known to suddenly close consumers’ online accounts and refuse to transfer the funds to them or ask for more money before the funds can be transferred.
Action Fraud has also issued a warning on cryptocurrency scams.
How to protect yourself
Be wary of adverts online and on social media promising high returns on investments in a crypto asset or crypto asset-related products.
Most firms advertising and selling investments in crypto-assets are not authorised by the FCA. This means that if you invest in certain crypto assets you will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if things go wrong.
The FCA doesn’t regulate crypto assets like Bitcoin or Ether which are vastly the most recognized cryptocurrencies, let alone KBC, they do regulate certain crypto-asset derivatives (such as futures contracts, CFDs and options), as well as those crypto assets I would consider securities. A firm must be authorised by FCA to advertise or sell these products in the UK – check FCA Register to make sure the firm is authorised. You can also check the FCA Warning List of firms to avoid.
You should do further research on the product you are considering and the firm you are considering investing with. Check with Companies House to see if the firm is registered as a UK company and for directors' names. To see if others have posted any concerns, search online for the firm's name, directors' names and the product you are considering.
If you’ve already decided you want to invest in gold, this might not be a bad company to side with. But if you’re just looking for an opportunity to earn a sustainable income and become financially independent, there are better options out there.
submitted by fourfingaz to u/fourfingaz [link] [comments]

Forex Online Brokers -Get The Help You Need To Succeed In The Forex Market

Currency trading offers an opportunity for additional revenue. If you plan to try it, you need to learn the basics of currency trading. While there is much more to be learned from what you can expect as a beginner, the fact is that you can learn. Once you've decided to try the Forex trading, the first step is to choose from the top 10 forex brokers. There are several aspects to order, such as the trading platform, deposit and withdrawal options, account options, intervals and fees, minimum deposit, and customer service, among other things, when choosing a Forex broker. For your convenience, we have evaluated several top Forex brokers; you can choose the one that best suits your needs.
When you visit the Forex Broker website, you will be offered a welcome offer as an additional incentive to sign up as a new buyer to this site and then proceed with the payment. In this way, you can make a more balanced decision about claiming such a bonus
Here is the forex brokers list to decide and select the best one that suits your trade needs
FBS Forex Brokers
FBS is an international Forex broker present in more than 120 countries. The company has over 2,000,000 merchants (customers) and 130,000 partners through online money. For every trader, the broker provides accounts without Islamic or swaps accounts.
XM.com Forex Brokers
XM.com, the business name of Trading Point Holdings Ltd, operated and owned by Trading Point of Financial Instruments Ltd. It is also a great exchange broker registered in the European Union. XM is based in Limassol, Cyprus.
PeppeerStone Forex Brokers
Pepperstone, Forex broker for execution purposes offers trading solutions tailored to experienced beginners and traders. PeppeerStone was established in 2010; the company is headquartered in Melbourne, Australia. The company also has offices in some part of the world.
Tickill Forex Brokers
Tickmill is also one of the top 10 forex brokers owned and operate by Tickmill Limited, a company that is incorporated in Wales and England. Tickmill is under the regulatory control of the Seychelles Financial Services Agency and the UK Financial Services Agency.
Ava Trade Forex Brokers
AvaTrade, a pioneer in the field of online currency trading since 2006, was created to provide excellent online trading to retailers. In no time, AvaTrade had more than 20,000 registered clients that completed more than 2,000,000 transactions in one month worldwide. The total value of operations exceeds $ 80 billion in one month.
EToro Forex Brokers
EToro, an online Forex exchange broker, offers currency, commodity index, and CFD services. More than 4.5 million users from more than 170 countries use the Forex broker's website. It was found in 2006 in Tel Aviv, and the multi-asset brokerage has offices in many countries. One of the key features of eToro is its social investment platform with its great function.
HotForex Forex Brokers
To meet the requirements and needs of many operators, HotForex offers different types of Forex trading accounts. Each of these types of accounts has different and competing business accounts and can be opened with as little as $ 5. In addition to regular accounts, HotForex also offers a Zero account, a VIP account, and a Currenex account. There is also a social account through which marketers can interact with other retailers to discuss news and different strategies.
HotForex offers a wide range of educational tools and technical analysis to help customers benefit from their activities. The broker also provides new news at regular intervals. Generally, this Forex broker can test anyone who wants to get information and news about currency trading in a clear and organized way.
submitted by forexnearme to u/forexnearme [link] [comments]

It all starts with a random phone call...

The job? I cold called Nigerians and South Africans, convince them to open a CFD trading account with up to 1:400 leverage and make them deposit as much money as possible. Now, a bit of background;
This was happening in Sofia, Bulgaria and as much as I know, still does. The poorest country in the EU. Average monthly salary is $700, average monthly pension is around $180. Imagine a low budget version of the shittiest boiler room movie you can recall. You are not even close. A Turkish prison looks much better. Not even a cubicle. A table, and as much people sitting on, below, around it, etc. So, you are calling those people and you chase them 8 hours a day, with the sole purpose of taking their money. Lying is okay, no regulation, dialing through a VPN, using stage names. Now, the people who worked there were mostly young people, quite stupid to be honest.But really, really manipulative, deceiving, sneaky, stone cold liars. In my working docs, it said I was a "marketing specialist". In the actual company though, you are either "sales" or "retention". The sales agent must close the lead, gets a deal on the board and passes it to the Retention agent. And the madness begins. CFD`s are banned in the US, so those types of companies work with the rest of the world. For the last 8 years, South Africa, Italy, Germany, UK and Spain are the biggest markets.
So, fast forward,a few months pass and I end up being a Retention agent. On my second day there, the boss comes out and says the Top10 salaries in the department. At this point of my life, I though $1500 is an amazing salary, considering the average is 7$00.
"$46 000, Mr.X" "$35 000, Mr.Y" Etc... Umm. What? So how you make so much money? Once you get a lead, your job is to tear him/her apart. Lie, manipulate, build chemistry, build solid KYC, promise the world, scam and take every last penny of the poor soul. 95% of the First Time Deposits are below the $500 mark. Then the retention agent makes sure to throw the poor soul in the ocean of CFDs. One thing amazes me quite a lot. Most of the people who open accounts are genuinely stupid, some are totally broke. The company wasnt regulated, there were like 250 comments in forums that we are scammers, but people still joined.
"But I read in the web that you are not regulated and you will steal my money"
"If I write an article that you are a gay, would this be true?"
Boom. That easy. Throughout my whole career I have literally seen amazing stuff ...a person saying "no" for 10 minutes straight. Then he deposited Grown ass men, being screamed at like they`re in 2nd grade. A guy from Nigeria, used to scream while depositing and losing $75 000.
He claimed he was the Tiger of Forex. Lost a bit more than $800 000.
Depositing and losing. The retention agent`s commission was based on the net amount of deposits and withdrawals of your portfolio. Depending on the money you had brought, the commission was between 3% and 8.3%. Different bonus accelerators, bonuses for trading volumes, spread generated, incentives, etc. The best agents brought between 350k/700k a month. Once again, almost nobody from the whole department knew anything about the financial markets. But once you get a lead who has no clue what is going on, you paint the picture.
When you can make a few hundred percent gain in a day... Why not? Literally can not go tits up.
We called the clients and the show began. Exposing their accounts on a 100%, calling them for more money when the margin went down, we educated them! You will be amazed, how a man can believe a voice in the phone more than he can trust his eyes and own mind. From day 1, you see what kind of a person you are dealing with. Some go massive yolo. Some open one trade a week. Some literally spend 18 hours a day, losing since the beginning. So, in a way,as an ex gambler I started to feel bad. Seen so many depleted credit cards, broken lives, it really put me in perspective. Yeah, money was good for a 22 year old. Seeing a few guys who were making upper 6 digits was quite motivating. Eventually I could not take it. I know how it feels, being a gambler. So, as I saw both sides of the coin
Took a break and a few years later I began working in a regulated company. But the job is still the same. I just can not lie... a lot : ). But I noticed something else. Now I am actually trying to help the clients. I don`t pitch them for more money. I am trying to really help. Literally telling them and warning them about everything that can go bad. Most folks now do not really want to speak with me, because they think I want to screw them (cant blame them) And somehow I reach the company target, while browsing reddit, smoking a pack a day, scratching my balls and going yolo on a demo account :) My question is: Should I leave my portfolio alone and see how much people will lose? Should I actually pitch them and chase their money and make more commission for me? Or should I continue trying to actually help them make money, but clearly waste my time?
PS: yolo, buy #vxxb (already inverted)
submitted by samgold13 to wallstreetbets [link] [comments]

Hargreaves Lansdown boss apologises for Woodford

Hargreaves Lansdown boss apologises for Woodford
The boss of broker Hargreaves Lansdown has issued an apology following the suspension of a fund it sells. Chris Hill, the chief executive, said he shares clients' "disappointment and frustration".
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The Woodford Equity Income Fund, managed by Neil Woodford, stopped investors cashing out this week. In spite of the suspension of a fund it promoted to clients through its "Wealth 50" list of top buys, the firm stands by its research, Mr Hill said.
Mr Woodford, one of the UK's best-known stockpickers, suspended the fund after rising numbers of investors asked for their money back.
The information above cannot be considered as an investment advice and past results do not indicate future performance.
\*Investors should have experience and understand the risks of losing all the initial investment.)
80% of retail investor accounts lose money when trading CFDs with GMOTrading.
submitted by GMO_Trading to u/GMO_Trading [link] [comments]

Manufacturers boosted by race to stockpile for Brexit

Manufacturers boosted by race to stockpile for Brexit
Brexit stockpiling helped UK manufacturers to enjoy their best month for more than a year in March but threatens to leave the sector with a headache further down the track, a report suggests.
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The closely-watched Markit/CIPS UK manufacturing purchasing managers' index (PMI) gave a reading of 55.1 in March, where the 50-mark separates growth from contraction.
That was a 13-month high, driven by companies seeking to build up stock in case of Brexit disruption - and helped the beleaguered pound rise by more than half a cent against the US dollar to nearly $1.31.

\The information above cannot be considered as an investment advice and past results do not indicate future performance.*
\*Investors should have experience and understand the risks of losing all the initial investment.*
80% of retail investor accounts lose money when trading CFDs with GMOTrading.
submitted by GMO_Trading to u/GMO_Trading [link] [comments]

BBC and ITV set to launch Netflix rival

BBC and ITV set to launch Netflix rival
BBC director general Tony Hall said the aim was to launch "BritBox" in the UK in the second half of 2019. The price was not announced but Lord Hall said it would be "competitive".
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ITV's chief executive Dame Carolyn McCall said it would be home for the "best of British creativity".

There are reports it could cost £5 a month.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 89.9% 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. Please read the company Full Risk Disclosure Statement.
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FXCM CEO Drew Niv Discusses Firm's Future after the CHF Crisis

Hi Everyone,
Our CEO Drew Niv held a Q&A with Forex Magnates which will answer many questions we have received over the past couple of weeks http://forexmagnates.com/exclusive-fxcm-inc-ceo-drew-niv-discusses-firms-future-after-the-chf-crisis/. Please understand that some questions I can't answer since we are a publicly traded company and it may be material information, but we will get to all questions in due time.
What happened on January 15th after the SNB announcement? What was the immediate impact of the SNB announcement on the company’s systems?
At the time of the SNB announcement over 3,000 FXCM clients held slightly over $1 billion in open positions on EUCHF. Those same clients held approximately $80 million of collateral in their accounts. As you know this was the largest move of a major currency since currencies started floating 1971.
The EUCHF move was 44 standard deviation moves, while most risk management systems only contemplate 3-6 standard deviations. The moved wiped out those clients’ account equity as well as generated negative equity balances owed to FXCM of over $225 million. We believe that the FXCM system operated properly during this event.
The caveat of our no dealing-desk execution system is that traders are offset one for one with a liquidity provider. When a client entered a EUCHF trade with FXCM, FXCM Inc. had an identical trade with our liquidity providers. During the historic move, liquidity became extremely scarce and shallow, which affected execution prices. This liquidity issue resulted in some clients having a negative balance.
While clients could not cover their margin call with us we still had to cover the same margin call with our banks. When a client profits in the trade FXCM gives the profits to the customer, however, when the client is not profitable on that trade FXCM Inc. ends up having to pay the liquidity provider.
FXCM ended with a regulatory capital shortfall. Accordingly, FXCM needed to get a loan to cover this balance, which it did. For anyone that still thinks FXCM is running an FX dealing desk, we have now demonstrated that such is not the case.
Why do you think many people traded EUCHF with FXCM?
Because we are a no dealing-desk broker and offset each trade one-for-one with our liquidity providers, and only make money on trades not customer losses. We published a study a few years ago called “traits of successful traders” that looked at FXCM traders over a long period of time and their general behavior to find what was destructive behavior to stay away from and what worked for clients.
The study focuses on what the majority of profitable traders did to increase their odds of success. What the study found was that traders who traded during quiet range-bound market hours like Asian hours OR that traded rang- bound low volatility currency pairs tended to be more profitable.
Obviously many of our competitors who are on the opposite side of their clients’ trades did not find this trade to be helpful to their bottom line, as they lose money when traders profit. We saw many of the dealing desk firms begin to increase overnight rollover cost as well as raise margin requirements to get these trades off their system and that’s why FXCM and other STP brokers had much bigger exposure.
Why did FXCM require an emergency loan with such tough terms?
As a regulated broker we are required to notify our regulators in a timely manner when any event occurs that may be deemed sensitive to clients. When we notified the regulators, they required FXCM Inc.’s regulated entities to supplement their respective net capital on an expedited basis.
We explored multiple debt and equity financing alternatives in an effort to meet the regulator’s deadline. The deal we ended up doing with Leucadia was the only deal that could and would happen in the very short timeframe we were given by the regulators. The CEO and the president of Leucadia were here in the office working on the deal.
It was a tall order for someone outside of the FX industry to come in and write a $300 million dollar check. This was the type of thing only top management could do. But they see the sustainability of FXCM, and that was everyone’s end goal. We really are very thankful to Leucadia. The deal enables us to live and fight another day and gives us time to build shareholder value in the future.
You said you plan to pay back the loan with proceeds from sales of non-core assets so what are non-core assets and will that be enough?
We announced last week that we anticipate that with the proceeds from the sale of some non-core assets and continued earnings we can meet both near and long-term obligations of our financing, while preserving the strength of our franchise. It’s widely known and understood that FXCM’s core business has always been retail FX; It is the majority of FXCM’s revenue.
However, over the past few years, the company has spent over $250 million dollars making strategic acquisitions building up our non-core businesses, mainly the institutional side as we tried to diversify the firm. We are now looking to sell some of those non-core assets; But, we are not in a rush and are looking to get the highest valuations for these assets.
We are considering closing or selling smaller regulated entities that require large sums of capital requirements, but that offer increasingly low return on capital. The latter move allows us to free up significant amounts of cash that is currently trapped. We believe that in the near term we can pay down a majority of the loan. That’s our goal.
What happens after 90 days according to your agreement with Leucadia?
The agreement says we need to pay back $50 million of the loan along with $10 million in fees in 90 days. If we don’t pay that $60 million, we will be assessed an additional $30 million in fees when the loan is due in 2017. So we are going to pay our $60 million and hopefully more in 90 days and then go from there. To be clear, the financing does not force us to do anything at 90 days.
Will you be selling FXCM?
I absolutely do not plan on selling FXCM. Like I said we will be selling non-core assets but no I don’t plan on selling FXCM. That is also why we implemented the shareholder rights plan to prevent a hostile takeover. FXCM has been independent for over 15 years and we intend to stay that way.
Are client funds safe with FXCM?
Yes. As we have said, we believe FXCM’s systems operated properly during this event. I’ll stress it here again, FXCM is not insolvent, has not filed for any form of bankruptcy, and is in compliance with all regulatory capital requirements in the jurisdictions in which it operates. The financing we received from Leucadia has strengthened our balance sheet and gives us the opportunity to grow our core business. With Leucadia, our pockets are even deeper and we aren’t going anywhere. Additionally, all of our regulated entities except the U.S. provide clients with segregated funds. All of our global client base in our regulated entities minus US clients would be protected under a bankruptcy. Our UK regulated entity through the FSCS even offers clients £50,000 per person in protection. Canada has similar insurance for retail traders of up to $1 million CAD.
What are the relationships like with your liquidity providers after this event?
Many of these relationships are long-standing relationships. The entire industry took a hit here. They understand what happened. Most everyone halted trading in EUCHF, but half of our liquidity providers kept providing prices in all other pairs the entire time. Half of the LPs did stop pricing FXCM on Friday January 16th, but most have returned. We presently only have two providers that have not yet returned, but we are optimistic that they will soon return. There is still plenty of liquidity on the platform. Most banks and other liquidity providers have been working very closely with the FXCM team.
Where do you see FXCM in six months from now?
We will be well on our way to paying down the loan and continue to grow our core franchise. FXCM still has the best platform for retail traders, we still provide the fairest and more transparent execution in the business and we have a slew of new trading indicators and applications that no one in the space is even considering offering their clients. We’ll still be here; We may just look a little different. Here are a few things we are working to get out in the next six months:
Single Share CFDs – We are going to be offering the top 200 or so most traded US, UK, French and German stocks. We are going to offer these shares on the equivalent of NDD in FX.
Improving CFD execution – Sharpening execution capabilities to match some of the benefits of our FX capabilities for Index and Energy CFDs to remove restrictions on stops and limits, allowing APIs, along with tighter spreads.
Market Depth in FX – clients will be able to see the depth of liquidity which will provide them more transparency with execution quality and allow them to make more informed trading decisions.
Real Volume indicators – clients will have a real volume ticker of all trades done on the FXCM system, which will show clients’ actual order flow; they can see directional volume, so long, short, net or total volume as well as balance on volume per instrument; and finally we have an indicator to show the ratio of real volume divided into transactions per period. These indicators will let clients compare our trading activity against other independent providers who also publish volumes like the CME, and clients will be able to compare execution.
Sentiment Index – We will be providing FXCM’s client sentiment data in real-time as a default on the platform so clients can see where the rest of the clients are.
These software updates and platform features are bringing much more transparency to the retail FX market aimed at improving the client experience in the market.
With your stock price so low, is that an indication of the health of your company?
While it is true that FXCM’s stock price dropped after the events of January 15th, we do not believe that the present stock price is indicative of the health of the company. The stock price does not impact our day to day operations as a company. With the injection of cash from the Leucadia financing, the core retail business is functioning completely as normal. We have excess regulatory capital in all our regulated entities and never had to pause trading or interrupt client’s trading experience. As we announced in our business update, daily volume on the retail side was on pace to set an all-time company record.
Why didn’t the dealing desk brokers have these types of losses?
A dealing desk broker does not have offsetting trades. If the customer is long a trade the broker is short that trade, so when the customer makes a profit on a trade the broker loses. When the customer loses on the trade then the broker is profitable.
Obviously on January 15th most clients lost money so the dealer was very profitable. Even for clients that blew through their stops and had negative balances with these firms, the dealer doesn’t have a liquidity provider that it owes money to. They can essentially act like the negative balances never happened and enjoy their profits.
What is FXCM changing with regards to their risk management systems?
The primary change we will be making is removing currency pairs from the platform that carry significant risk due to over-active manipulation by their respective government either by a floor, ceiling, peg or band. Given what happened with EUCHF the industry is now looking very hard at any potentially similar issues, especially given the increased geopolitical risks in Southern and Eastern Europe.
We will also be raising margin requirements for other pairs as well. Some of these changes will be permanent while others may change as geopolitical risks change. The pairs we are removing from the platform were not material to our volume or our revenue. Some of the currencies we are removing include DKK, SGD, HKD, PLN and CZK.
FXCM made some material changes in margin requirements for clients. Are those changes permanent or temporary in nature?
When you look at some of the changes we made to margin requirements, look at them in three different categories: 1. Some of the changes we made were required by regulators, and therefore we had to comply with these changes. 2. When you look at emerging market currencies, the banks and our liquidity providers were raising margin requirements to eliminate any potential risk of large gaps. 3. Previously liquid Western country currencies, like the DKK or CHF, which now carry risk because they are manipulated currencies, have become less liquid.
Despite what the media thinks about leverage, we know the clients like it and want more, it’s the number 1 or number 2 request our sales staff has been getting the past week. We understand the importance of this to our clients but we just need to be smart about it moving forward.
What is Black Thursday’s long-term impact on the retail foreign exchange industry? In what ways has it changed the direction the industry is going?
Banks are raising their margin requirements, too. A lot of these currencies that carry any type of geopolitical risk with them are going to lose support and liquidity. Investors always had little faith in emerging market currencies but always believed in Western countries’ currencies even if they were manipulated in some way, but that’s gone.
Switzerland is a Western country and if they can pull the shenanigans they did with their currency, what’s to say other western countries won’t do the same? The market is going to be very sceptical as they can only stand to lose; The risk is just too high now. It’s too bad really as these pairs historically had low volatility, were range-bound and were very profitable trades for clients.
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Best Forex Live Trades - YouTube CFDs vs Shares, Which are Best? TRADING 212 FOR BEGINNERS - CFD’s EXPLAINED - Should You ... Best CFD Brokers In The United Kingdom 2020 (Beginners Guide) - FxBeginner.Net FXOpen UK Review - Best ECN and STP Forex Broker

The fee for trading individual shares in the UK is £1.75 + 0.014% per trade, with a maximum charge of £5.00. For US markets, the cost is €0.50 + USD 0.004 per share (but with no maximum). DEGIRO is the cheapest broker for stock traders, however, cheaper options are available for funds traders such as FinecoBank or Lloyds Bank . If you are new to trading Contracts for difference, we offer a variety of free resources that you can use to help you select the best CFD trading platforms and meet your personal trading needs. We suggest that you start with the basics – ask yourself these important questions in order to find the best CFD trading platforms to suit your needs. The Ultimate Guide to Islamic Trading Accounts What is an Islamic trading account? Also known as a “swap free” account, Islamic accounts have a number of differences from regular forex trading accounts.With Sharia Law forbidding the accrual of interest on funds deposited in an account, traders with Islamic Accounts do not incur or receive rollover swap points on positions open for longer How to compare CFD brokers with the lowest trading costs. When choosing a broker the spreads and commission you are likely to pay are going to be high up on your list of priorities, however, it shouldn’t be the only items under consideration. Increased competition amongst CFD and Spread Betting firms has helped to narrow or reduce spreads in highly traded instruments. A good CFD broker should offer a diverse variety of CFDs from different markets, be open to different trading strategies, offer good market access and trading tools. Whichever CFD broker you decide to trade with, make sure it compliments your trading style. Top 10 of Best Cfd Brokers In The Uk. Here’s our ranking:

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Best Forex Live Trades - YouTube

Is CFD trading cheaper than share dealing? A CFD is a contract for difference; it is a contract between you and the broker to pay the difference in the price of an asset between now and some point ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue best forex live trades, live forex trading, ... interactive brokers forex, interactive brokers cfd, bloomberg forex, tickmill uk, cfd finance, cfd account, cfd trader, forex trading reddit, ... Trading in the Zone - https://amzn.to/2CXZkWc CMC Markets is a well established and highly regarded UK Spread betting, CFD and forex broker, founded in 1989 and listed on the London Stock Exchange ... CFD trading is a little bit different - you usually have narrower spreads but you get a commission on top as well. Both have overnight charges if you hold positions overnight.

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