• There is just one simple reason - you stand to make money on it. Let us say there is a repo rate (the rate at which a country's central bank lends to other banks) of 7%. If it increases to 7.5%, the currency becomes dearer and if you have already invested in it, you can expect to make a profit by selling it. If on the other hand, the repo rate decreases to 6.5%, the currency becomes less expensive and you can still make profit if you short sell it. A Japanese day trader made $34 million when China devalued the Yuan, its national currency.

     

    So you see why how that drives the values of currencies worldwide, and how predicting it accurately can yield large benefits.

     

    Predicting interest rates

     

    The fact is that while it is each country's central bank that decides the repo rate, it is not at random. Key indicators you need to watch out for are the Consumer Price Index (CPI), employment rates, consumer spending, and the housing market. If any of these are down, you can expect the central bank's rate to go down as they try to increase borrowing, which means more money for the market that could push all these indices up.

     

    Listen for major announcements: The heads of central banks often talk to the media about how they view inflation. This can have a major bearing on the next interest rate hike of cut. The Chairman of the Federal Reserve once read out his monetary policy to the House Committee, in which he talked about 'stabilizing' the U.S. dollar when the world was in the grip of a recession. What it means is that inflation would be curbed. And this is done by reducing the amount of spending money available in the market. For this, interest rates must be increased, and that is exactly what happened. Traders who acted on the announcement made profits of $440 within one hour as the dollar appreciated by 0.44% in that short time period.

     

    There is plenty of advice available online: Another way would be to take about four or five interest rate predictions by major brokerages or experts and act on the average. The chances are that they would be similar, if not identical.

     

    So it is really possible to keep a tab on every currency that is traded in the Forex market? Thankfully no, there are only handful of major world currencies that are watched and reported by media houses closely.

     

    This piece of information is shared by Yee Kok Siong, an arbitrageur and an investor. Mr. Siong is a self-motivated entrepreneur who believes that no market is perfect and it is up-to an individual to understand that imperfect gap and business opportunity and make the most out of it.

     

    To know more about him, please visit here: http://yeekoksiong.strikingly.com/


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  • While it is possible to make a profit with forex, it is important to learn about it first. You will be able to do this when you are practicing with a demo account. Use the following tips by Yee Kok Siong a forex investor to give you the advantage in Forex trading.

     

    One of the best ways to work the Forex system is to gradually increase your size as you go along. Once you begin to understand Forex, you can opt for a higher account, higher leverage, more money risked per trade, and hopefully begin to earn more money. Remember that Rome wasn't built in a day. But once you build the foundation, you can definitely speed up the process.

     

    With the Forex market being gigantic, the rumor mill surrounding it is also enormous. Always make sure you're avoiding the hearsay and rumors surrounding certain currency pairs. Just look at what happens to investors every decade or so when markets collapse. Avoid this fate by sticking with what is tangible and ignoring the rumors.

     

    Be careful of getting over confident in your skills. Someone lacking confidence isn't making any money, but at least they aren't losing any. Over confidence can spell disaster for your trading. You are more willing to throw more money after a trade that may end up backfiring on you. If you've just made a bundle, think about taking a day off before resuming trading.

     

    If you are new to currency trading, begin by trading in fantasy markets. You can trade forex without risking any money to see how well you do and perfect strategy as well as learning how it works. You can even try out different strategies before risking your real money.

     

    Make sure that you familiarize yourself with your forex broker's trading practices to make sure that he is not doing things that might be considered unscrupulous. You can make a lot of profits while working with the correct broker, but choosing the wrong one can make you lose a lot.

     

    One thing people tend to do before they fail in their Forex is to make things far more complicated than necessary. When you find a method that works you should continue using that method. Constantly chasing new ideas can create so many conflicts that your Forex becomes a loser. Simple methods are best.

     

    Keep a journal of all your forex trading activity. This will help you to look at how you made decisions, whether you've made good ones and whether you've been influenced by external factors. You can learn about yourself and your trading habits and adjust them as you feel necessary.

     

    Be mindful that in the forex market, high leverage accounts can cause you to lose everything if you are not experienced enough to know how to use the advantages wisely. If you do not know how to use it accurately, you are signing up for additional risks that you do not want to take with real money.

     

    Something every Forex trader should realize is that there are no wonder methods or strategies that will get you rich quick. The best way to become a successful Forex trader is to develop a strategy that is not too risky and stick with it over a long period of time. Don't fall for any get rich quick strategies that you may have heard of.

     

    You can make a lot of profits when you have taught yourself all you can about forex. The process of educating yourself on forex is an unending one; keep learning so that you can stay abreast of changes and new developments. Stay ahead of the game by reading only the most recent forex news and tips.

     

    To read more, please visit here: https://yeekoksiongadvice.jimdofree.com/


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  • The foreign exchange market is more important to our daily lives than most people would ever realize. The forex market is used for the trading of foreign currency. This is essential for the economy of many nations. If you would like to trade currency in the forex market, then keep reading this article for tips made by Yee Kok Siong for new players.

    Trying To Improve Your Forex Skills? Read Below!

    With the Forex market being gigantic, the rumor mill surrounding it is also enormous. Always make sure you're avoiding the hearsay and rumors surrounding certain currency pairs. Just look at what happens to investors every decade or so when markets collapse. Avoid this fate by sticking with what is tangible and ignoring the rumors.

     

    When considering trading, choose your broker carefully. Make sure he is qualified and his views on trading match your expectations. Also have an idea of the software being used and customer service that is offered. Finding a broker that suits your trading style can result in a better experience and more profitable gains.

     

    Rely on your own knowledge and not that of Forex robots. While it can produce large profits for sellers, there is little to no gain for the buyers. Consider your trading options, and be sure to make your own decisions about where you are going to invest your money.

     

    Forex beginners would do well to understand the three basic market types. You will find an up-trending market, a range-bound market and a down market. It helps tremendously if you have different strategies to go to for each one of these markets. Developing different strategies also enable you to switch to another market, should you hit a downward slide.

     

    Before you pluck a Forex strategy out of the sky and begin to trade with it, you first need to prove that it works for you. Make sure you try any new strategy or move out on a demo account first. Even after you've created a real account, you can still refer to a demo account to try out new things.

     

    The USA used to do well financially by effectively running its economy on the gold standard, and you need to understand how gold acts opposite of the dollar if you want to succeed in Forex. Gold and paper money are completely separate now that the Federal Reserve is in charge of printing. When gold goes up, money goes down.

     

    If your written trading plan is not working for you, step back and reassess your position. As you gain more experience in the market, you may find that your needs may change. If your needs change, so should your goals and that means adjusting your plan to fit those needs and goals.

     

    You need to analyze historical data to get a better idea about how the market works. Once you take the time to revisit previous charts, you will be able to find a pattern that may happen to the indicators when it occurs again. It will help you create a great trading plan with successful entry and exit conditions.

     

    When trading with forex, you need to understand that all the data is based on mathematical formulas. This is based on the assumption that exchange rates follow certain patterns. Most of the time, they do. But you should always remember that something unexpected can happen and will impact the market.

     

    In conclusion, many people do not realize how important the foreign exchange market really is. Foreign currency is traded through the forex market, making the market essential for the economy of nations. Use the tips of Yee Kok Siong from the article above and you can begin trading foreign currency in the forex market.


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  • With thousands of different software programs, all promising to make you instantly rich, it's no wonder that millions of people are sucked into the vacuum of the Forex marketplace every year. Whenever people believe they can make easy money, there's another person behind the curtain laughing at just how much people are losing. Avoid the Forex traps out there and learn some real information about the market.

    Excellent Article About Forex That Is Simple To Follow Along

    Learn to accept failure and move on quickly. People make mistakes all the time, and it is human nature to want to try to cover up the problem. When it comes to trading forex, do not get caught up in trying to fix past mistakes by sticking with a failing trade. Stay focused on seeking out new winning trades that will actually return a profit.

     

    When trading in Forex, risk management is always more important than profit. It only takes a single catastrophic loss to wipe out your entire account unless you are careful about managing your risk. Remember, if you lose too much, you don't have enough capital left to continue your Forex trading.

     

    Yee Kok Siong always suggests, to be successful in forex trading, begin with a small sum of money as well as low leverage, and add to your account as you generate profit. A larger account will not necessarily allow you to make greater profits, so do not be fooled into thinking that bigger is better.

     

    To be successful in Forex trading, do not give up if you perform poorly in the beginning. It is impossible to become a trading expert overnight, so allow your skills to develop before you decide that trading is not the right occupation for you. Do not give up before you have made it through the learning process.

     

    Once you have made a decent profit, move on to the next trade. While it is good to run your profit for a short time, if you get greedy and let it go too long you will lose all that you have gained. Allow yourself to make a little less profit to ensure you keep that profit.

     

    A volatility stop can protect your Forex investment from freak market upsets. Volatility stops are technically a form of chart stop, that is, stops dictated by market behavior. In the case of the volatility stop, when a currency pair starts trading rapidly and violently, the stop order automatically sells off the trader's holdings in that pair.

     

    When participating in forex trading, you must have patience. You not only need patience when you are waiting for the right trades to appear, but you also need patience when you stay with trades that are working. You cannot be too hasty when making trades or you will lose. Patience is the key.

     

    Make sure that you familiarize yourself with your forex broker's trading practices to make sure that he is not doing things that might be considered unscrupulous. You can make a lot of profits while working with the correct broker, but choosing the wrong one can make you lose a lot.

     

    Be sure that you select an account package that's right for you. Knowing which account package is right for you depend on your level of expertise and knowledge. If you're just starting out, you'll want to go with a mini account, because the risk will be much lower.

     

    As you can conclude from this article by Yee Kok Siong, trading in Forex is not that dissimilar to trading with any commodity. So when you read all the hype out there on the internet about instant riches, you should know better and realize that it takes skill, patience, and a will to achieve, in order to capitalize on the market.

     

    For more information, please visit here: https://yeekoksiongadvice.jimdofree.com/

     


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  • There has never been a better time to re-evaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that Yee Kok Siong feels worth sticking to or maybe buy at their current depressive prices (which, just warning, could go lower).



    1) Bitcoin (because of its decentralization)

    The number one belongs to Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest assumption, most of the security (because of the phenomenal energy consumption of Bitcoin mining), the most famous brand identity (the forks have tried to be appropriate), and most of the development Active and rational. It is also the only piece to date that is represented in the traditional markets in the form of Bitcoin futures trading on the American CME and CBOE.

    Bitcoin remains the main engine; the performance of all other parts is highly correlated with the Bitcoin performance. My personal expectation is that the gap between Bitcoin and most-if not all-other parts will expand.

    Bitcoin has several promising innovations in the pipeline that will soon be installed as additional layers or soft forks. Examples are the Flash system (LN), the tree, Schnorr signatures Mimblewimbleund much more.

    In particular, we plan to open a new range of applications for Bitcoin, as it allows for large-scale, microtransactions and instant and secure payouts. LN is increasingly stable as users test their different possibilities with real Bitcoin. As it becomes easier to use, it can be presumed to benefit greatly from the adoption of Bitcoin.



    2) Litecoin (because of its persistence)

    Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin no longer has the anonymity technology of Bitcoin, amazing reports have shown that the adoption of Litecoin in the dark markets is now second, the only bitcoin. Although a currency that I have much more appropriate for the role of acquiring illegal goods and services, perhaps this presents itself as a result of the longevity of Litecoin: It was launched at the end of 2011.

    Another factor in Litecoin's favor is that it integrates the Bitcoin SegWit technology, which means that Litecoin is prepared for LN. The Litecoin can benefit from an exchange of atomic chains. In other words, secure peer-to-peer trading of currencies without third parties (i.e. exchange) participation. Since Litecoin keeps its code largely synchronized with Bitcoin, it is well positioned to benefit from the technical progress of Bitcoin.


    3) Ethereum (because of intelligent contracts)

    Ethereum (ETH) has some major problems at the moment. First of all, governments are cracking on ICO, and rightly so: many have turned out to be either fraudulent or bankruptcies. Since most ico run on the Ethereum network as an ERC token 20, the ICO mania has brought a lot of value to Ethereum in recent years. If the appropriate rules are taken to protect investors Ethereum projects scams can claim certain legitimacy as a crowdfunding platform.

    The second major problem facing Ethereum is the delayed transition to a new hybrid work and battery detection system. Ethereum mining GPU is currently profitable, but Bitmain has just announced Ethereum ASIC minor, which is likely to have an impact on the lower lines of GPU miners. It remains to be seen whether this will change the POW-and how successful this change is going to be.

    If the Ethereum can survive these two major problems-regulation and mining-will have shown a great resilience. Otherwise, there are several competing currencies tracking its shadows, such as Ethereum Classic (etc), Cardano (ADA) and EOS.



    4) Monero (because of his anonymity)

    Although its adoption in the dark markets is not all that could be expected, I (XMR) remain the privacy of the Prime Minister. His reputation and market capitalization are still above those of his rivals-and for good reason.

    Monero's code requires less confidence that the Zcash "loyal" key ceremony, and had a fair start, unlike Dash. That Monero recently changed his Pow to defeat the development of a small ASIC for his algorithm confirms the commitment of the piece of mining decentralization. A significant drop in the hash rate is due to the new version, which is consistently reported against ASIC. This could also be an opportunity for GPU and even minor CPUs to get back to me. The new version of Monero, 0.12, also includes other improvements that show Monero continue to grow along sensitive lines.



    5) iPRONTO (A decentralized incubation platform)

    iPRONTO is an incubation platform Ethereum chain dedicated to investors looking for a safe and reliable platform to invest in new ideas and future innovators that can present their ideas and receive opinions from users, Experts in the field on the practice and implementation of derived ideas.


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