Best Forex Brokers Who Accept US Traders or Clients

Binary Options Review; Best Binary Options Brokers

Binary Options Review; Best Binary Options Brokers

Binary Options Review; Best Binary Options Brokers
We have compared the best regulated binary options brokers and platforms in May 2020 and created this top list. Every binary options company here has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The broker comparison list below shows which binary trading sites came out on top based on different criteria.
You can put different trading signals into consideration such as using payout (maximum returns), minimum deposit, bonus offers, or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. This review is to ensure traders don't lose money in their trading account.
How to Compare Brokers and Platforms
In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from your country e.g. check US trade requirements if you are in the United States. Here at bitcoinbinaryoptionsreview.com, we have provided all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
  1. What is the Minimum Deposit? (These range from $5 or $10 up to $250)
  2. Are they regulated or licensed, and with which regulator?
  3. Can I open a Demo Account?
  4. Is there a signals service, and is it free?
  5. Can I trade on my mobile phone and is there a mobile app?
  6. Is there a Bonus available for new trader accounts? What are the Terms and
  7. conditions?
  8. Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
  9. Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices, and stocks – and how many of each?
  10. Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of the day, long term, etc?)
  11. How much is the minimum trade size or amount?
  12. What types of options are available? (Touch, Ladder, Boundary, Pairs, etc)
  13. Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
  14. Do they operate a Robot or offer automated trading software?
  15. What is Customer Service like? Do they offer telephone, email and live chat customer support – and in which countries? Do they list direct contact details?
  16. Who has the best payouts or maximum returns? Check the markets you will trade.
The Regulated Binary Brokers
Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.
Regulators - Leading regulatory bodies include:
  • CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
  • FCA – Financial Conduct Authority (UK)
  • CFTC – Commodity Futures Trading Commission (US)
  • FSB – Financial Services Board (South Africa)
  • ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organization. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.
Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.
Bonuses - Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment, or risk-free trade. Whatever the form of a bonus, there are terms and conditions that need to be read.
It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt-out’ of taking a bonus.
Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over-trade’. If the bonus does not suit you, turn it down.
How to Find the Right Broker
But how do you find a good broker? Well, that’s where BitcoinBinaryOptionsReview.com comes in. We assess and evaluate binary options brokers so that traders know exactly what to expect when signing up with them. Our financial experts have more than 20 years of experience in the financial business and have reviewed dozens of brokers.
Being former traders ourselves, we know precisely what you need. That’s why we’ll do our best to provide our readers with the most accurate information. We are one of the leading websites in this area of expertise, with very detailed and thorough analyses of every broker we encounter. You will notice that each aspect of any broker’s offer has a separate article about it, which just goes to show you how seriously we approach each company. This website is your best source of information about binary options brokers and one of your best tools in determining which one of them you want as your link to the binary options market.
Why Use a Binary Options Trading Review?
So, why is all this relevant? As you may already know, it is difficult to fully control things that take place online. There are people who only pose as binary options brokers in order to scam you and disappear with your money. True, most of the brokers we encounter turn out to be legit, but why take unnecessary risks?
Just let us do our job and then check out the results before making any major decisions. All our investigations regarding brokers’ reliability can be seen if you click on our Scam Tab, so give it a go and see how we operate. More detailed scam reports than these are simply impossible to find. However, the most important part of this website can be found if you go to our Brokers Tab.
There you can find extensive analyses of numerous binary options brokers irrespective of your trading strategy. Each company is represented with an all-encompassing review and several other articles dealing with various aspects of their offer. A list containing the very best choices will appear on your screen as you enter our website whose intuitive design will allow you to access all the most important information in real-time.
We will explain minimum deposits, money withdrawals, bonuses, trading platforms, and many more topics down to the smallest detail. Rest assured, this amount of high-quality content dedicated exclusively to trading cannot be found anywhere else. Therefore, visiting us before making any important decisions regarding this type of trading is the best thing to do.
CONCLUSION: Stay ahead of the market, and recover from all kinds of binary options trading loss, including market losses in bitcoin, cryptocurrency, and forex markets too. Send your request via email to - [email protected]
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Capitalxtend gets approval to become a Financial Commission member

Capitalxtend gets approval to become a Financial Commission member

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Capitalxtend, global financial service provider, has recently announced that it has received approval to join financial Commission. Capitalxtend provides services including trading in a wide range of instruments including Forex, CFDs, Indices, Commodities, Equities & Cryptocurrencies.
The Financial Commission’s board has adopted resolutions approving a new applicant to join the self-regulator’s member roster, which is made up of online brokerages operating in FX, derivatives and cryptocurrency markets. This round of approved applicants includes Capitalxtend. The Financial Commission is an independent external dispute resolution (EDR) organization for the foreign exchange (forex) industry.

Following the acceptance of its application by FinaCom PLC, Capitalxtend has obtained membership status which means that its traders can be eligible for compensation of up to €20,000 per submitted claim and have access to all dispute resolution services offered by the commission.
After the acceptance of application by FinaCom PLC, Captialxtend members are now eligible for compensation of up to €20,000 per submitted claim. Traders that are members of Capitalxtend now also have access to all dispute resolution services offered by the commission.
Capitalxtend is a multi-asset brokerage firm that offers trading of Forex, CFDs, indices, commodities, equities, and cryptocurrencies. The company operates as an offshore provider of financial services based out of Vincent and the Grenadines.

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Capitalxtend Team has been serving Traders since 2005 and has led the way in online trading ever since, to become a leading global financial service provider. Capitalxtend specialise in leveraged trading, bringing our clients the opportunities to generate returns in both rising and falling markets. What sets us apart is a combination of lightning-fast execution, tight spreads, 0% commission and deep understanding of what our customers need.
FinaCom is an independent international service that offers the resolution of disputes to resolve trader-broker conflicts. In addition to a more streamlined and swift resolution process, relative to traditional channels of arbitration, all clients of members of the Financial Commission are protected by the Compensation Fund, which acts as an insurance policy.
According to its latest annual report, the self-regulator made progress across some of its key business drivers. Specifically, the number of new complaints rose seven percent year-over-year as a record $7.4 million sought by traders in 2019, up from $3,184,932 in 2018.
Likewise, the number of resolved complaints in “clients favor” increased 17 percent to 179, up from 153 the previous year. The commission also ruled in favor of its broker members in 451 cases it assessed, up from 373 in 2018.
For approved members, the Financial Commission also introduces many services that intended to allow brokers to spot and halt fraudulent transactions. This includes its DisputeWatch tool which lets the broker search its community registry to see if a client has any dispute records, and sends alerts regarding suspicious clients that have the potential to abuse a company.
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With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today

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



By signing up, you may receive emails concerning CoinDesk products and you agree to our terms & conditions and privacy policSTER ON THE SITE
We need all users to enroll on our platform to access the Bitcoin Trader platform. The sign up method is easy and solely takes a couple of minutes. You'll be able to forever contact our customer service team if you wish helpour Bitcoin Trader account for our trading robot to position trades on your behalf. We tend to need all users to possess a minimum of $250 in their account before accessing our web trader platform. This quantity is enough to require positions price lots of thousands of dollars when using leverage.

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You do not would like any expertise to trade with the Bitcoin Trader app. We tend to are ninety nine.99percent automatic, that means that live trading involves terribly little manual input. Moreover, we tend to offer comprehensive guides and tutorials to help users set up a live trading account.
ognized by the US Trading Association as the foremost profitable crypto robot in 20twenty. Whereas results rely on market conditions, a number of our traders have seen profits of more than four
What is the minimum deposit withBitcoin freedom
You'll be able to trade with us by depositing just $250. The additional you deposit, the more earning potential you have in a very single day. However, we have a tendency to encourage our users to begi
We have a tendency to are tested and verified by prime trading review sites. Our trading platform is cutting-edge. Moreover, we have a tendency to operate in collaboration with highly reputable brokers. We have a tendency to work absolutely transparently and publish all the data that users need to get started with our trading robot
The Bitcoin Trader trading platform is internet-based mostly and accessible through all major browsers on desktop and mobile. You can also install an HTML5 version of our net-trader on any mobile device. We tend to are coming up with to release native apps for Android and iOS by the top of the year.
Bitcoin Trader is a trading robot powered by cutting-edge AI technology. We have a tendency to have a possible daily return on investment of up to four hundredp.c. We have a tendency to have over five thousand reviews on TrustPilot, and at least 90percent of our reviewers are happy with our platformn
Are there hidden fees with Bitcoin Trader?
Our fees are fully transparent. You can download a listing of trading fees from the platform’s management dashboard. We have a tendency to only charge a little commission on profits earned through our trading robot
We have a tendency to settle for registrations from over a hundred thirty countries across the world. Most of our purchasers are from the UK, the US, some elements of Africa, and Asia. We have a tendency to are on the market in your country if you can access our Bitcoin Trader website while not employing a VPN.

We aim to assist normal people reap important returns from cryptocurrency trading. With us, you get exposure to over forty five Bitcoin contracts for variations (CFDs). Common crypto pairs you'll trade with us embrace BTC/USD, BTC/GBP, BTC/EUR, and BTC/XRP.

1) Register: Registering with the Bitcoin Trader app is straightforward. Scroll to the high of this page and submit the specified details through the registration kind.

We require users to verify your phone range and email, since this is often what you'll use for multi-factor authentication. Yet, our partner brokers verify the identity of all users per regulators’ understand your customer (KYC) requirements.

a pair of) eposit: You wish to deposit a minimum of $250 US to trade with the Bitcoin Trader software. We tend to depend on our partner brokers to facilitate transactions, and all of our partners are absolutely regulated by government authorities. With regulated brokers, you'll rest simple knowing that your funds are safe.
You'll fund your account through wire transfer, MoneyGram, Western Union, FasaPay, Visa, MasterCard, Neteller, WebMoney, and Skrill.


three) Trading Education and Demo: We have a tendency to are an auto-trading robot, however we have a tendency to do enable our users some level of management, especially when it comes to risk management. Consequently, our Bitcoin Trader official website encourages you to travel through our trading education section to familiarize yourself with the chance management process.
Our highly intuitive demo platform ought to additionally facilitate your observe trading with the robot before you begin trading during a live account Bitcoin Freedom

The platform needs that you just define the trading conditions for the robot and activate the live trading session button. We have a tendency to encourage you to depart the robot running throughout the day within the background. You'll be able to let it run unmonitored for up to eight hour
We tend to have recently been nominated as the most profitable robot for BTC trading in 20twenty. Moreover, we are one of the trading robots that has been extensively covered by mainstream media. Bitcoin Trader has thousands of reviews on client feedback platforms
Bitcoin Trader was one amongst the primary robots to use high-frequency trading techniques to BTC trading. The robot was founded in 2015, nearly two years before the crypto boom in 2017.
Bitcoin Trader uses AI and ML to create sense of big knowledge, which allows it to trade with high accuracy.
Our trading platform became an on-line sensation in mid-2017, and it has maintained its popularity since then. Bitcoin Trader is the simplest possibility for many beginner and experienced traders.
Bitcoin Trader allows you to earn a daily profit of up to $1,00zero by investing simply $250. That’s a potential return on investment of up to four hundredpercent.
Do celebrities recommend the Bitcoin trader software?

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We tend to are highly widespread and hence a prime target for celebrity gossip. There are viral rumours that we have a tendency to have been endorsed by Elon Musk, Richard Branson, and Jeff Bezos.

Elon Musk – The founder of SpaceX has invested in Bitcoin and expressed interest in artificial intelligence, however he has not invested employing a trading robot.
Richard Brandson – Branson is another celebrity alleged to own invested using Bitcoin Trader. While it's true that he loves Bitcoin and blockchain technology, he hasn’t endorsed any trading robot.
Jezz Bezos – Bezos is also a big fan of emerging technologies, however he hasn’t shown any interest in BTC trading through revolutionary robots like Bitcoin Trader.

You ought to never build an investment decision based mostly on whether or not a star has endorsed or invested in it. Bitcoin Trader has been tested and licensed by specialists.

The verdict about Bitcoin Trader
We tend to are a prime-rated crypto trading robot with nice reviews on sites like TrustPilot and ForexPeaceArmy. Moreover, we have been recognized as legit and profitable by authoritative bodies like the US Trading Association.

We have a tendency to are always striving to offer the most effective to our users by regularly improving our trading platform. Our team of experts analyzes feedback from users to work out what features will create a a lot of seamless trading experience. We tend to operate in complete transparency, having partnered with some of the world’s most reputable brokers.

Our platforms are encrypted to shield you from hackers. Furthermore, we tend to also adhere to information privacy measures, like the General Information Protection Regulation (GDPR). Try out Bitcoin Trader currently through the link at the high right corner of this page.
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
Bitcoin offers the freedom of exchanging the price without representatives that proves helpful in controlling the lower fees and high funds. Bitcoin is that the faster method of transaction than others. It is secure as it is free from theft and frauds and is constant. The main advantage is that bitcoin has its homeowners whereas the bank controls the money.
Makes online looking
Normally, bitcoin will be used for on-line shopping too. Bitcoin is the opposite face of e-wallet, that is created by blockchain technology that is used to store money and will easily pay everywhere digitally. For this reason, it also makes your searching easy by which you'll be able to look from your home solely

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

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Bitcoin is created by blockchain technology. Blockchain is the sole technology which will either make it or break it. There are many computers which are used to keep up a permanent record of each bitcoin transactions with the help of cryptographic technique. In this approach, it becomes a lot of valuable together with the tracking of the payment. At the same time, there's no method of tracking the cash

While not any transformation method, it will be used over the entire world. It provides the simplest platform for the investment as it is free from the restrictions of governments or banks. It provides an open market and combines the simplest of gold and money.

Bitcoin provides the power to access the balance of the users with a password which is named a personal key. It additionally permits the exchange of values through the web without any middle person. Thus, bitcoin becomes safer, stuffed with privacy, and open to everyone
Unlike cash, it is not possible to form the duplicate quite bitcoin that makes it more efficient. It's protected with the technology of blockchain. Even if anyone tries to form a replica of bitcoin to use it, then the system will automatically reject it as the system recognize it as unknown

Bitcoin Freedom failed to allow two persons to transact on the one price. Once the bitcoin is transferred, its possession is also transferred. So this is the simple approach of maintaining records for any tax functions. It conjointly makes it a easy and healthier metho

Bitcoin is the foremost reliable manner of online transactions. Many questions arise in folks’s minds that are solved on websites like bitcoin revolution. One in all them was the above-mentioned question. Bitcoin provides many facilities, and it comes with more and a lot of blessings which makes it distinctive and special over different cryptocurrencies. It can be preferred as the simplest digital platform for transac


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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.

Sign up with Bitcoin Trader nowadays to start out earning potentially thousands of greenbacks in profits daily from an initial investment of just $250. We tend to are a high-rated automated trading robot that's accessible and easy for all to use. By trading with Bitcoin Trader, you'll start generating a lot of investment income than ever beforeBitcoin Freedom

“After simply some months trading with Bitcoin Trader, I’ve made a lot of than $ten,00zero and finally understand what it’s like to measure the dream. I’m saving up my profits to quit my job and spend a year traveling.”

“I’ve been a member of Bitcoin Trader for only 47 days. But my life has already modified! Not solely have I created my 1st $1,000, however I’ve also met a number of the most incredible folks in the process. Thanks, Bitcoin Trader!”

“I used to speculate on my own, but now that I’ve used Bitcoin Trader I would never return to my recent broker. Bitcoin Trader takes manner less work and that i’ve already created thousands of greenbacks in profits in simply a few months.
“Two weeks ago, I got laid off. With no choices left, I thought my life was over. Now I’m making a lot of cash than I made at my job every and each day. Thanks, Bitcoin Trader!”

With the Bitcoin Trader software, you can probably build up to $one,500 daily from a deposit of $250. We tend to are powered by artificial intelligence technology to confirm that you just get a win rate of more than 98p.c under the right market conditions. The US Trading Association has nominated our Bitcoin Trader as the most profitable crypto trading robot on the market.
We have invested in the globe’s best trading technologies. These include the factitious intelligence subsets of natural language processing, deep learning, and machine learning. Bitcin Trader depends on these technologies to derive insights from huge data and market news.
The Bitcoin Trader app has won nearly fifteen coveted awards since launching in 2016. These include the most Profitable Robot 2020 award by the American Trading Association, the simplest Robot in Trading Technologies 2019 award, and the most Profitable Crypto Robot in 2018 Award. We have a tendency to price our customers and are contin
https://www.cryptoerapro.com/bitcoin-freedom/
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Either a mind-reader or quick fingers

I'm currently working as a custometech support for a forex broker. I've worked with other companies before for phones, debit cards and home renovation financing but this is the first time that I handled chat. I accepted an incoming chat about a user that could not login and would like to know some information about forex trading. * User: Hi, I could not login. Can you help me out?
Me: Sure, may I have your username and email?
User: It's ************ and *********
Me: Are you having trouble with the password? (I know it was the password since we can see it if he has a failed login attempt)
User: I guess so, I forgot my password.
Me: I'm sending you a password reset link, this will allow you to create a new password. (I refrain from asking users to click the forgot password on the website since most users doesn't seem to read, probably they are just lazy.) *
The user was able to reset and password and managed to login. Afterwards he/she started to ask some forex related inquiries. What surprised him/her was how fast I replied to each of his/her questions. Little did he/she know was I can see the things that he/she was typing before sending his/her question. There was even a time when I already sent him/her an answer before him/her sending his/her question. * User: You know ***** It's either you can read my mind or you type very fast. Anyway, thanks for your help. *
I'm still enjoying my job, maybe because the work is light and we don't usually have angry clients that would blame us for even breathing.
Thanks for your time, I'm going to sleep and it's my off tomorrow. Enjoy your weekend.
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CRYPTOCURRENCY BITCOIN

CRYPTOCURRENCY BITCOIN
Bitcoin Table of contents expand: 1. What is Bitcoin? 2. Understanding Bitcoin 3. How Bitcoin Works 4. What's a Bitcoin Worth? 5. How Bitcoin Began 6. Who Invented Bitcoin? 7. Before Satoshi 8. Why Is Satoshi Anonymous? 9. The Suspects 10. Can Satoshi's Identity Be Proven? 11. Receiving Bitcoins As Payment 12. Working For Bitcoins 13. Bitcoin From Interest Payments 14. Bitcoins From Gambling 15. Investing in Bitcoins 16. Risks of Bitcoin Investing 17. Bitcoin Regulatory Risk 18. Security Risk of Bitcoins 19. Insurance Risk 20. Risk of Bitcoin Fraud 21. Market Risk 22. Bitcoin's Tax Risk What is Bitcoin?
Bitcoin is a digital currency created in January 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity is yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.
There are no physical bitcoins, only balances kept on a public ledger in the cloud, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of other virtual currencies collectively referred to as Altcoins.
Understanding Bitcoin Bitcoin is a type of cryptocurrency: Balances are kept using public and private "keys," which are long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them. The public key (comparable to a bank account number) serves as the address which is published to the world and to which others may send bitcoins. The private key (comparable to an ATM PIN) is meant to be a guarded secret and only used to authorize Bitcoin transmissions. Style notes: According to the official Bitcoin Foundation, the word "Bitcoin" is capitalized in the context of referring to the entity or concept, whereas "bitcoin" is written in the lower case when referring to a quantity of the currency (e.g. "I traded 20 bitcoin") or the units themselves. The plural form can be either "bitcoin" or "bitcoins."
How Bitcoin Works Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. The independent individuals and companies who own the governing computing power and participate in the Bitcoin network, also known as "miners," are motivated by rewards (the release of new bitcoin) and transaction fees paid in bitcoin. These miners can be thought of as the decentralized authority enforcing the credibility of the Bitcoin network. New bitcoin is being released to the miners at a fixed, but periodically declining rate, such that the total supply of bitcoins approaches 21 million. One bitcoin is divisible to eight decimal places (100 millionths of one bitcoin), and this smallest unit is referred to as a Satoshi. If necessary, and if the participating miners accept the change, Bitcoin could eventually be made divisible to even more decimal places. Bitcoin mining is the process through which bitcoins are released to come into circulation. Basically, it involves solving a computationally difficult puzzle to discover a new block, which is added to the blockchain and receiving a reward in the form of a few bitcoins. The block reward was 50 new bitcoins in 2009; it decreases every four years. As more and more bitcoins are created, the difficulty of the mining process – that is, the amount of computing power involved – increases. The mining difficulty began at 1.0 with Bitcoin's debut back in 2009; at the end of the year, it was only 1.18. As of February 2019, the mining difficulty is over 6.06 billion. Once, an ordinary desktop computer sufficed for the mining process; now, to combat the difficulty level, miners must use faster hardware like Application-Specific Integrated Circuits (ASIC), more advanced processing units like Graphic Processing Units (GPUs), etc.
What's a Bitcoin Worth? In 2017 alone, the price of Bitcoin rose from a little under $1,000 at the beginning of the year to close to $19,000, ending the year more than 1,400% higher. Bitcoin's price is also quite dependent on the size of its mining network since the larger the network is, the more difficult – and thus more costly – it is to produce new bitcoins. As a result, the price of bitcoin has to increase as its cost of production also rises. The Bitcoin mining network's aggregate power has more than tripled over the past twelve months.
How Bitcoin Began
Aug. 18, 2008: The domain name bitcoin.org is registered. Today, at least, this domain is "WhoisGuard Protected," meaning the identity of the person who registered it is not public information.
Oct. 31, 2008: Someone using the name Satoshi Nakamoto makes an announcement on The Cryptography Mailing list at metzdowd.com: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. The paper is available at http://www.bitcoin.org/bitcoin.pdf." This link leads to the now-famous white paper published on bitcoin.org entitled "Bitcoin: A Peer-to-Peer Electronic Cash System." This paper would become the Magna Carta for how Bitcoin operates today.
Jan. 3, 2009: The first Bitcoin block is mined, Block 0. This is also known as the "genesis block" and contains the text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks," perhaps as proof that the block was mined on or after that date, and perhaps also as relevant political commentary.
Jan. 8, 2009: The first version of the Bitcoin software is announced on The Cryptography Mailing list.
Jan. 9, 2009: Block 1 is mined, and Bitcoin mining commences in earnest.
Who Invented Bitcoin?
No one knows. Not conclusively, at any rate. Satoshi Nakamoto is the name associated with the person or group of people who released the original Bitcoin white paper in 2008 and worked on the original Bitcoin software that was released in 2009. The Bitcoin protocol requires users to enter a birthday upon signup, and we know that an individual named Satoshi Nakamoto registered and put down April 5 as a birth date. And that's about it.
Before Satoshi
Though it is tempting to believe the media's spin that Satoshi Nakamoto is a solitary, quixotic genius who created Bitcoin out of thin air, such innovations do not happen in a vacuum. All major scientific discoveries, no matter how original-seeming, were built on previously existing research. There are precursors to Bitcoin: Adam Back’s Hashcash, invented in 1997, and subsequently Wei Dai’s b-money, Nick Szabo’s bit gold and Hal Finney’s Reusable Proof of Work. The Bitcoin white paper itself cites Hashcash and b-money, as well as various other works spanning several research fields.
Why Is Satoshi Anonymous?
There are two primary motivations for keeping Bitcoin's inventor keeping his or her or their identity secret. One is privacy. As Bitcoin has gained in popularity – becoming something of a worldwide phenomenon – Satoshi Nakamoto would likely garner a lot of attention from the media and from governments.
The other reason is safety. Looking at 2009 alone, 32,489 blocks were mined; at the then-reward rate of 50 BTC per block, the total payout in 2009 was 1,624,500 BTC, which at today’s prices is over $900 million. One may conclude that only Satoshi and perhaps a few other people were mining through 2009 and that they possess a majority of that $900 million worth of BTC. Someone in possession of that much BTC could become a target of criminals, especially since bitcoins are less like stocks and more like cash, where the private keys needed to authorize spending could be printed out and literally kept under a mattress. While it's likely the inventor of Bitcoin would take precautions to make any extortion-induced transfers traceable, remaining anonymous is a good way for Satoshi to limit exposure.
The Suspects
Numerous people have been suggested as possible Satoshi Nakamoto by major media outlets. Oct. 10, 2011, The New Yorker published an article speculating that Nakamoto might be Irish cryptography student Michael Clear or economic sociologist Vili Lehdonvirta. A day later, Fast Company suggested that Nakamoto could be a group of three people – Neal King, Vladimir Oksman and Charles Bry – who together appear on a patent related to secure communications that were filed two months before bitcoin.org was registered. A Vice article published in May 2013 added more suspects to the list, including Gavin Andresen, the Bitcoin project’s lead developer; Jed McCaleb, co-founder of now-defunct Bitcoin exchange Mt. Gox; and famed Japanese mathematician Shinichi Mochizuki.
In December 2013, Techcrunch published an interview with researcher Skye Grey who claimed textual analysis of published writings shows a link between Satoshi and bit-gold creator Nick Szabo. And perhaps most famously, in March 2014, Newsweek ran a cover article claiming that Satoshi is actually an individual named Satoshi Nakamoto – a 64-year-old Japanese-American engineer living in California. The list of suspects is long, and all the individuals deny being Satoshi.
Can Satoshi's Identity Be Proven?
It would seem even early collaborators on the project don’t have verifiable proof of Satoshi’s identity. To reveal conclusively who Satoshi Nakamoto is, a definitive link would need to be made between his/her activity with Bitcoin and his/her identity. That could come in the form of linking the party behind the domain registration of bitcoin.org, email and forum accounts used by Satoshi Nakamoto, or ownership of some portion of the earliest mined bitcoins. Even though the bitcoins Satoshi likely possesses are traceable on the blockchain, it seems he/she has yet to cash them out in a way that reveals his/her identity. If Satoshi were to move his/her bitcoins to an exchange today, this might attract attention, but it seems unlikely that a well-funded and successful exchange would betray a customer's privacy.
Receiving Bitcoins As Payment
Bitcoins can be accepted as a means of payment for products sold or services provided. If you have a brick and mortar store, just display a sign saying “Bitcoin Accepted Here” and many of your customers may well take you up on it; the transactions can be handled with the requisite hardware terminal or wallet address through QR codes and touch screen apps. An online business can easily accept bitcoins by just adding this payment option to the others it offers, like credit cards, PayPal, etc. Online payments will require a Bitcoin merchant tool (an external processor like Coinbase or BitPay).
Working For Bitcoins
Those who are self-employed can get paid for a job in bitcoins. There are several websites/job boards which are dedicated to the digital currency:
Work For Bitcoin brings together work seekers and prospective employers through its websiteCoinality features jobs – freelance, part-time and full-time – that offer payment in bitcoins, as well as Dogecoin and LitecoinJobs4Bitcoins, part of reddit.comBitGigs
Bitcoin From Interest Payments
Another interesting way (literally) to earn bitcoins is by lending them out and being repaid in the currency. Lending can take three forms – direct lending to someone you know; through a website which facilitates peer-to-peer transactions, pairing borrowers and lenders; or depositing bitcoins in a virtual bank that offers a certain interest rate for Bitcoin accounts. Some such sites are Bitbond, BitLendingClub, and BTCjam. Obviously, you should do due diligence on any third-party site.
Bitcoins From Gambling
It’s possible to play at casinos that cater to Bitcoin aficionados, with options like online lotteries, jackpots, spread betting, and other games. Of course, the pros and cons and risks that apply to any sort of gambling and betting endeavors are in force here too.
Investing in Bitcoins
There are many Bitcoin supporters who believe that digital currency is the future. Those who endorse it are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe. Although it is not itself any backed by any government or central bank, bitcoin can be exchanged for traditional currencies; in fact, its exchange rate against the dollar attracts potential investors and traders interested in currency plays. Indeed, one of the primary reasons for the growth of digital currencies like Bitcoin is that they can act as an alternative to national fiat money and traditional commodities like gold.
In March 2014, the IRS stated that all virtual currencies, including bitcoins, would be taxed as property rather than currency. Gains or losses from bitcoins held as capital will be realized as capital gains or losses, while bitcoins held as inventory will incur ordinary gains or losses.
Like any other asset, the principle of buying low and selling high applies to bitcoins. The most popular way of amassing the currency is through buying on a Bitcoin exchange, but there are many other ways to earn and own bitcoins. Here are a few options which Bitcoin enthusiasts can explore.
Risks of Bitcoin Investing
Though Bitcoin was not designed as a normal equity investment (no shares have been issued), some speculative investors were drawn to the digital money after it appreciated rapidly in May 2011 and again in November 2013. Thus, many people purchase bitcoin for its investment value rather than as a medium of exchange.
However, their lack of guaranteed value and digital nature means the purchase and use of bitcoins carries several inherent risks. Many investor alerts have been issued by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Consumer Financial Protection Bureau (CFPB), and other agencies.
The concept of a virtual currency is still novel and, compared to traditional investments, Bitcoin doesn't have much of a long-term track record or history of credibility to back it. With their increasing use, bitcoins are becoming less experimental every day, of course; still, after eight years, they (like all digital currencies) remain in a development phase, still evolving. "It is pretty much the highest-risk, highest-return investment that you can possibly make,” says Barry Silbert, CEO of Digital Currency Group, which builds and invests in Bitcoin and blockchain companies.
Bitcoin Regulatory Risk
Investing money into Bitcoin in any of its many guises is not for the risk-averse. Bitcoins are a rival to government currency and may be used for black market transactions, money laundering, illegal activities or tax evasion. As a result, governments may seek to regulate, restrict or ban the use and sale of bitcoins, and some already have. Others are coming up with various rules. For example, in 2015, the New York State Department of Financial Services finalized regulations that would require companies dealing with the buy, sell, transfer or storage of bitcoins to record the identity of customers, have a compliance officer and maintain capital reserves. The transactions worth $10,000 or more will have to be recorded and reported.
Although more agencies will follow suit, issuing rules and guidelines, the lack of uniform regulations about bitcoins (and other virtual currency) raises questions over their longevity, liquidity, and universality.
Security Risk of Bitcoins
Bitcoin exchanges are entirely digital and, as with any virtual system, are at risk from hackers, malware and operational glitches. If a thief gains access to a Bitcoin owner's computer hard drive and steals his private encryption key, he could transfer the stolen Bitcoins to another account. (Users can prevent this only if bitcoins are stored on a computer which is not connected to the internet, or else by choosing to use a paper wallet – printing out the Bitcoin private keys and addresses, and not keeping them on a computer at all.) Hackers can also target Bitcoin exchanges, gaining access to thousands of accounts and digital wallets where bitcoins are stored. One especially notorious hacking incident took place in 2014, when Mt. Gox, a Bitcoin exchange in Japan, was forced to close down after millions of dollars worth of bitcoins were stolen.
This is particularly problematic once you remember that all Bitcoin transactions are permanent and irreversible. It's like dealing with cash: Any transaction carried out with bitcoins can only be reversed if the person who has received them refunds them. There is no third party or a payment processor, as in the case of a debit or credit card – hence, no source of protection or appeal if there is a problem.
Insurance Risk
Some investments are insured through the Securities Investor Protection Corporation. Normal bank accounts are insured through the Federal Deposit Insurance Corporation (FDIC) up to a certain amount depending on the jurisdiction. Bitcoin exchanges and Bitcoin accounts are not insured by any type of federal or government program.
Risk of Bitcoin Fraud
While Bitcoin uses private key encryption to verify owners and register transactions, fraudsters and scammers may attempt to sell false bitcoins. For instance, in July 2013, the SEC brought legal action against an operator of a Bitcoin-related Ponzi scheme.
Market Risk
Like with any investment, Bitcoin values can fluctuate. Indeed, the value of the currency has seen wild swings in price over its short existence. Subject to high volume buying and selling on exchanges, it has a high sensitivity to “news." According to the CFPB, the price of bitcoins fell by 61% in a single day in 2013, while the one-day price drop in 2014 has been as big as 80%.
If fewer people begin to accept Bitcoin as a currency, these digital units may lose value and could become worthless. There is already plenty of competition, and though Bitcoin has a huge lead over the other 100-odd digital currencies that have sprung up, thanks to its brand recognition and venture capital money, a technological break-through in the form of a better virtual coin is always a threat.
Bitcoin's Tax Risk
As bitcoin is ineligible to be included in any tax-advantaged retirement accounts, there are no good, legal options to shield investments from taxation.
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Related Terms
Satoshi
The satoshi is the smallest unit of the bitcoin cryptocurrency. It is named after Satoshi Nakamoto, the creator of the protocol used in block chains and the bitcoin cryptocurrency.
Chartalism Chartalism is a non-mainstream theory of money that emphasizes the impact of government policies and activities on the value of money.
Satoshi Nakamoto The name used by the unknown creator of the protocol used in the bitcoin cryptocurrency. Satoshi Nakamoto is closely-associated with blockchain technology.
Bitcoin Mining, Explained Breaking down everything you need to know about Bitcoin Mining, from Blockchain and Block Rewards to Proof-of-Work and Mining Pools.
Understanding Bitcoin Unlimited Bitcoin Unlimited is a proposed upgrade to Bitcoin Core that allows larger block sizes. The upgrade is designed to improve transaction speed through scale.
Blockchain Explained
A guide to help you understand what blockchain is and how it can be used by industries. You've probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger." But blockchain is easier to understand than it sounds.
Top 6 Books to Learn About Bitcoin About UsAdvertiseContactPrivacy PolicyTerms of UseCareers Investopedia is part of the Dotdash publishing family.The Balance Lifewire TripSavvy The Spruceand more
By Satoshi Nakamoto
Read it once, go read other crypto stuff, read it again… keep doing this until the whole document makes sense. It’ll take a while, but you’ll get there. This is the original whitepaper introducing and explaining Bitcoin, and there’s really nothing better out there to understand on the subject.
“What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party

submitted by adrian_morrison to BlockchainNews [link] [comments]

[Not my post] The Structure of Forex Brokers

Originally posted by Darkstar at Forex Factory.
Disclaimer: I did not write this. I found this post on ForexFactory written by a user called DarkStar, which I believe a lot of redditors will benefit from reading.
________________________________________________________________________________________________________
There has been much discussion of late regarding borker spreads and liquidity. Many assumptions are being made about why spreads are widened during news time that are built on an incomplete knowledge of the architecture of the forex market in general. The purpose of this article is to dissect the market and hopefully shed some light on the situation so that a more rational and productive discussion can be undertaken by the Forex Factory members.
We will begin with an explanation of the purpose of the Forex market and how it is utilized by its primary participants, expand into the structure and operation of the market, and conclude with the implications of this information for speculators. With that having been said, let us begin.
Unlike the various bond and equity markets, the Forex market is not generally utilized as an investment medium. While speculation has a critical role in its proper function, the lion’s share of Forex transactions are done as a function of international business.
The guy who buys a shiny new Eclipse more then likely will pay for it with US Dollars. Unfortunately Mitsubishi’s factory workers in Japan need to get their paychecks denominated in Yen, so at some point a conversion needs to be made. When one considers that companies like Exxon, Boeing, Sony, Dell, Honda, and thousands of other international businesses move nearly every dollar, real, yen, rubble, pound, and euro they make in a foreign country through the Forex market, it isn’t hard to understand how insignificant the speculative presence is; even in a $2tril per day market.
By and large, businesses don’t much care about the intricacies of exchange rates, they just want to make and sell their products. As a central repository of a company’s money, it was only natural that the banks would be the facilitators of these transactions. In the old days it was easy enough for a bank to call a foreign bank (or a foreign branch of ones own bank) and swap the stockpiles of currency each had accumulated from their many customers.
Just as any business would, the banks bought the foreign currency at one rate and marked it up before selling it to the customer. With that the foreign exchange spread was born. This was (and still is) a reasonable cost of doing business. Mitsubishi can pay its customers and the banks make a nice little profit for the hassle and risks associated with moving around the currency.
As a byproduct of transacting all this business, bank traders developed the ability to speculate on the future of currency rates. Utilizing a better understanding of the market, a bank could quote a business a spread on the current rate but hold off hedging until a better one came along. This process allowed the banks to expand their net income dramatically. The unfortunate consequence was that liquidity was redistributed in a way that made certain transactions impossible to complete.
It was for this reason and this reason alone that the market was eventually opened up to non-bank participants. The banks wanted more orders in the market so that a) they could profit from the less experienced participants, and b) the less experienced participants could provide a better liquidity distribution for execution of international business hedge orders. Initially only megacap hedge funds (such as Soros’s and others) were permitted, but it has since grown to include the retail brokerages and ECNs.

Market Structure:
Now that we have established why the market exists, let’s take a look at how the transactions are facilitated:
The top tier of the Forex market is transacted on what is collectively known as the Interbank. Contrary to popular belief the Interbank is not an exchange; it is a collection of communication agreements between the world’s largest money center banks.
To understand the structure of the Interbank market, it may be easier to grasp by way of analogy. Consider that in an office (or maybe even someone’s home) there are multiple computers connected via a network cable. Each computer operates independently of the others until it needs a resource that another computer possesses. At that point it will contact the other computer and request access to the necessary resource. If the computer is working properly and its owner has given the requestor authorization to do so, the resource can be accessed and the initiating computers request can be fulfilled. By substituting computers for banks and resources for currency, you can easily grasp the relationships that exist on the Interbank.
Anyone who has ever tried to find resources on a computer network without a server can appreciate how difficult it can be to keep track of who has what resources. The same issue exists on the Interbank market with regard to prices and currency inventory. A bank in Singapore may only rarely transact business with a company that needs to exchange some Brazilian Real and it can be very difficult to establish what a proper exchange rate should be. It is for this purpose that EBS and Reuters (hereafter EBS) established their services.
Layered on top (in a manner of speaking) of the Interbank communication links, the EBS service enables banks to see how much and at what prices all the Interbank members are willing to transact. Pains should be taken to express that EBS is not a market or a market maker; it is an application used to see bids and offers from the various banks.
The second tier of the market exists essential within each bank. By calling your local Bank of America branch you can exchange any foreign currency you would like. More then likely they will just move some excess currency from one branch to another. Since this is a micro-exchange with a single counterparty, you are basically at their mercy as to what exchange rate they will quote you. Your choice is to accept their offer or shop a different bank. Everyone who trades the forex market should visit their bank at least once to get a few quotes. It would be very enlightening to see how lucrative these transactions really are.
Branching off of this second tier is the third tier retail market. When brokers like Oanda, Forex.com, FXCM, etc. desire to establish a retail operation the first thing they need is a liquidity provider. Nine in ten of these brokers will sign an agreement with just one bank. This bank will agree to provide liquidity if and only if they can hedge it on EBS inclusive of their desired spread. Because the volume will be significantly higher a single bank patron will transact, the spreads will be much more competitive. By no means should it be expected these tier 3 providers will be quoted precisely what exists on the Interbank. Remember the bank is in the business of collecting spreads and no agreement is going to suspend that priority.
Retail forex is almost akin to running a casino. The majority of its participants have zero understanding how to trade effectively and as a result are consistent losers. The spread system combined with a standard probability distribution of returns gives the broker a built in house advantage of a few percentage points. As a result, they have all built internal order matching systems that play one loser off against a winner and collect the spread. On the occasions when disequilibrium exists within the internal order book, the broker hedges any exposure with their tier 2 liquidity provider.
As bad as this may sound, there are some significant advantages for speculators that deal with them. Because it is an internal order book, many features can be provided which are otherwise unavailable through other means. Non-standard contract sizes, high leverage on tiny account balances, and the ability to transact in a commission free environment are just a few of them…
An ECN operates similar to a Tier 2 bank, but still exists on the third tier. An ECN will generally establish agreements with several tier 2 banks for liquidity. However instead of matching orders internally, it will just pass through the quotes from the banks, as is, to be traded on. It’s sort of an EBS for little guys. There are many advantages to the model, but it is still not the Interbank. The banks are going to make their spread or their not go to waste their time. Depending on the bank this will take the form of price shading or widened spreads depending on market conditions. The ECN, for its trouble, collects a commission on each transaction.
Aside from the commission factor, there are some other disadvantages a speculator should consider before making the leap to an ECN. Most offer much lower leverage and only allow full lot transactions. During certain market conditions, the banks may also pull their liquidity leaving traders without an opportunity to enter or exit positions at their desired price.

Trade Mechanics:
It is convenient to believe that in a $2tril per day market there is always enough liquidity to do what needs to be done. Unfortunately belief does not negate the reality that for every buyer there MUST be a seller or no transaction can occur. When an order is too large to transact at the current price, the price moves to the point where open interest is abundant enough to cover it. Every time you see price move a single pip, it means that an order was executed that consumed (or otherwise removed) the open interest at the current price. There is no other way that prices can move.
As we covered earlier, each bank lists on EBS how much and at what price they are willing to transact a currency. It is important to note that no Interbank participant is under any obligation to make a transaction if they do not feel it is in their best interest. There are no “market makers” on the Interbank; only speculators and hedgers.
Looking at an ECN platform or Level II data on the stock market, one can get a feel for what the orders on EBS look like. The following is a sample representation:
You’ll notice that there is open interest (Level II Vol figures) of various sizes at different price points. Each one of those units represents existing limit orders and in this example, each unit is $1mil in currency.
Using this information, if a market sell order was placed for 38.4mil, the spread would instantly widen from 2.5 pips to 4.5 pips because there would no longer be any orders between 1.56300 and 1.56345. No broker, market maker, bank, or thief in the night widened the spread; it was the natural byproduct of the order that was placed. If no additional orders entered the market, the spread would remain this large forever. Fortunately, someone somewhere will deem a price point between those 2 figures an appropriate opportunity to do something and place an order. That order will either consume more interest or add to it, depending whether it is a market or limit order respectively.
What would have happened if someone placed a market sell order for 2mil just 1 millisecond after that 38.4 mil order hit? They would have been filled at 1.5630 Why were they “slipped”? Because there was no one to take the other side of the transaction at 1.56320 any longer. Again, nobody was out screwing the trader; it was the natural byproduct of the order flow.
A more interesting question is, what would happen if all the listed orders where suddenly canceled? The spread would widen to a point at which there were existing bids and offers. That may be 5,7,9, or even 100 pips; it is going to widen to whatever the difference between a bid and an offer are. Notice that nobody came in and “set” the spread, they just refused to transact at anything between it.
Nothing can be done to force orders into existence that don’t exist. Regardless what market is being examined or what broker is facilitating transactions, it is impossible to avoid spreads and slippage. They are a fact of life in the realm of trading.

Implications for speculators:
Trading has been characterized as a zero sum game, and rightly so. If trader A sells a security to trader B and the price goes up, trader A lost money that they otherwise could have made. If it goes down, Trader A made money from trader B’s mistake. Even in a huge market like the Forex, each transaction must have a buyer and a seller to make a trade and one of them is going to lose. In the general realm of trading, this is materially irrelevant to each participant. But there are certain situations where it becomes of significant importance. One of those situations is a news event.
Much has been made of late about how it is immoral, illegal, or downright evil for a broker, bank, or other liquidity provider to withdraw their order (increasing the spread) and slip orders (as though it was a conscious decision on their part to do so) more then normal during these events. These things occur for very specific reasons which have nothing to do with screwing anyone. Let us examine why:
Leading up to an economic report for example, certain traders will enter into positions expecting the news to go a certain way. As the event becomes immanent, the banks on the Interbank will remove their speculative orders for fear of taking unnecessary losses. Technical traders will pull their orders as well since it is common practice for them to avoid the news. Hedge funds and other macro traders are either already positioned or waiting until after the news hits to make decisions dependent on the result.
Knowing what we now know, where is the liquidity necessary to maintain a tight spread coming from?
Moving down the food chain to Tier 2; a bank will only provide liquidity to an ECN or retail broker if they can instantly hedge (plus their requisite spread) the positions on Interbank. If the Interbank spreads are widening due to lower liquidity, the bank is going to have to widen the spreads on the downstream players as well.
At tier 3 the ECN’s are simply passing the banks offers on, so spreads widen up to their customers. The retailers that guarantee spreads of 2 to 5 pips have just opened a gaping hole in their risk profile since they can no longer hedge their net exposure (ever wonder why they always seem to shut down or requote until its over?). The variable spread retailers in turn open up their spreads to match what is happening at the bank or they run into the same problems fixed spreads broker are dealing with.
Now think about this situation for a second. What is going to happen when a number misses expectations? How many traders going into the event with positions chose wrong and need to get out ASAP? How many hedge funds are going to instantly drop their macro orders? How many retail traders’ straddle orders just executed? How many of them were waiting to hear a miss and executed market orders?
With the technical traders on the sidelines, who is going to be stupid enough to take the other side of all these orders?
The answer is no one. Between 1 and 5 seconds after the news hits it is a purely a 1 way market. That big long pin bar that occurs is a grand total of 2 prices; the one before the news hit and the one after. The 10, 20, or 30 pips between them is called a gap.
Is it any wonder that slippage is in evidence at this time?

Conclusions:
Each tier of the Forex market has its own inherent advantages and disadvantages. Depending on your priorities you have to make a choice between what restrictions you can live with and those you cant. Unfortunately, you can’t always get what you want.
By focusing on slippage and spreads, which are the natural byproduct of order flow, one is not only pursuing a futile ideal, they are passing up an enormous opportunity to capitalize on true inefficiencies. News events are one of the few times where a large number of players are positioned inappropriately and it is fairly easy to profit from their foolishness. If a trader truly wants to make the leap to the next level of profitability they should be spending their time figuring out how identify these positions and trading with the goal of capturing the price movement they inevitably will cause.
Nobody is going to make the argument that a broker is a trader’s best friend, but they still provide a valuable service and should be compensated for their efforts. By accepting a broker for what it is and learning how to work within the limitations of the relationship, traders have access to a world of opportunity that they otherwise could never dream of capturing. Let us all remember that simple truth.
submitted by Cross_Game to Forex [link] [comments]

New Beginner info / FAQ section for futures

I feel like with all the cheating and drama going on with spot fx we should at the very least have a dedicated section on the right for guidance on futures contracts.
The shady Cypriot brokers and ones on other random islands are lying and selling a dream so let's take a look at the reality of spot fx...
Currency markets are the most liquid and active markets of any sector. However, there is also a great deal of misinformation, slick advertising, and even outright deception regarding this $2 Trillion Dollar a Day marketplace. For starters, a large percentage of that $2 Trillion is traded through what is referred to as the interbank market. The interbank market is the top-level foreign exchange market where banks exchange different currencies. This trading between banks is not accessible to retail traders and is estimated to account for the vast majority of the Trillion Dollar liquidity factor that attracts so many retail traders in the first place.
Here are a few of the reasons to trade futures:
-Level playing field for all participants
-Deep liquidity on major currency contracts
-Safety and security of central clearing
If your Forex brokerage firm uses a dealing desk, your buy and sell orders never actually reach the true Forex market. In other words, you do not have access to the inter-bank market. Instead you are buying and selling at prices set, and potentially manipulated by the dealing desk. This is known as conflict of interest.
The Chicago Mercantile Exchange guarantees each transaction. Futures contracts are legally binding! This means that if you go long a currency futures contract and your speculation was correct, you will walk away from the trade with your profit even if the person that took the other side of the trade fails to pay. This is what we call counterparty risk.
Take a moment, have a break and take a look at all the horror stories on forex factory, for instance.
Whether you are a large institution or an individual trader, everyone is on equal footing when it comes to pricing currency futures. EVERYBODY gets the same price regardless of who you are (individual or mega bank). Best price wins, it is as simple as that — something that is not always the case in the fragmented OTC FX market. The spreads are also very tight if you trade liquid future contracts.
Spot fx brokers also control their price feeds. They can widen the spreads as they see fit and they can really screw you over if they want to. Believe me when I say that most fx brokers don't want you to win! Even the ones that claim to have liquidity providers... Those are nothing but price feeds. Quotes. Nothing more....
And Forex firms offering a "fixed" 3-5 point spread may not be charging traders commission outright, or even in a form that shows up on an account statement, but there are significant costs built into the synthetic market that they provide to you.
No middle man, no market maker. Yes, Forex is an electronic market, but your order still ends up on a "dealing desk" where a human handles your order. Or an algorithm... Basically, a Market Maker. He could make you or break you. With E-mini Futures you have a level playing field. You trade on a centralised and CFTC regulated exchange. Whether you're Goldman Sachs or Joe from Idaho, you get equal treatment!
If you're worried about Liquidity - 1.5-3m contracts trade hands everyday on the S&P 500 E-mini Futures Contract. If you want in or out of a position, there is almost always someone waiting and willing to take the other side of your trade (24/5) just 1 tick away. This simply isn't true for all Forex Pairs.
Low Cost of Doing Business - Commissions on a self directed SP500 E-mini Trade (ES) should be no more than $3.00 per side or $6.00 per round turn. While many Forex Brokers tout "Zero Commission", we all know there's no free lunch. Forex Brokers don't need to charge a commission because they make money off of the bid/ask spread "they create" and then take the other side of your trade. Run the numbers... for every $100 in profits or loss, you will spend a larger % in "cost of doing business" in the Forex Market than you will in the S&P E-mini Market. Don't take my word for it... go take some real trades and you'll quickly see the truth.
Zero Interest - If you you trade the ES intraday, expect to put up $500 per contract as a "bond" for lack of a better term. That's it. No hidden cost. Forex however, has a "cost of carry" associated which means interest may be charged or paid on positions taken.
Fiduciary Responsibility - Even regulated US Forex firms are not required to segregate customer funds. If a regulated firm goes under, you do not have the protection of the CFTC and the NFA as you do in the Futures Markets.
Turn ON The Volume Please - In Forex, since there is no centralised exchange, it is impossible to get a true read on volume. Not so with the S&P 500 "ES" E-mini. Simply turn on the volume indicator and you have exact numbers for Volume Analysis. GS and CITI have huge research departments with hundreds of employees, but they know nothing about volume that you don't know via a free indicator on your direct access trading platform. Just one more example of the level playing field we constantly speak of.
Centralised Clearing - All trades are cleared via the CME - Chicago Mercantile Exchange. All trades, including time and sales, are public information and posted in real time.
Edit: By the way, if you're worried about discrepancies, currency futures charts look almost exactly the same as their spot fx siblings! So you can easily apply your current strategy to this market, too!
A great example would be "M6E" vs "EUUSD"
SO GUYS, LET'S ACCEPT REALITY AND LET'S DO SOMETHING ABOUT IT. DO YOU AGREE?
Source: cfrn.net
submitted by Fighterboy89 to Forex [link] [comments]

TurnkeyForex Review - The Forex Broker

TurnkeyForex is a pure ECN broker who offers the MT4 for trading CFDs. The instruments offered are Forex, Commodities and Indices. Apart from offering very tight spreads, the broker offers one of lowest commissions we’ve come across from a Fx Broker - $2 per 100 k on a round trip. You can trade on an ECN, standard STP, Islamic and Micro account with them. While demo testing, the moderators were impressed with the execution and trading conditions.
There are multiple bonus offers that turnkey forex offers with one being commission free trading for a month. You can find more details on their website
What Stands Out - Low Commissions - Tighter Spreads-Responsive customer support -Leverage 400X -Accepts US clients, Canadian Clients and is NON ESMA -Trust Factor – 5/5 stars (as per website reviews)
Scam Alert – NIL
PS: the review is based on facts collected from internet as well as other forums. Let us know what you think about the broker in the comments below and/or if you hold a different view that what has been said above.
submitted by PetersonPaul7 to CryptoForexBrokers [link] [comments]

ChaoEX : new technological platform.

Hi everyone, I want to tell a project that directs the future. now people will be able to trade more easily. This project is very simple and convenient. Also the innovations it offers are remarkable.

ChaoEX is a Hong Kong based exchange with a focus on Southeast AsianMarkets. It offers It offers low-cost trading in wide range of digital currencies.
Like most similar venues, ChaoEX does not offer leveraged trading and has not disclosed whether there is any minimum investment required. It offers a single trading account type with three Know Your Customer (KYC) levels:
KYC 1 - Only deposit and trade allowed;
KYC 2 - withdrawals up to 5 BTC per day;
KYC 3 - withdrawals up to 50 BTC per day.
Deposit & Withdrawal fees
Although transfer fees at ChaoEX are not as high as on other exchanges that also accept fiat currencies, these charges are not to be underestimated. Unlike most similar venues, which do not charge deposits in digital assets, ChaoEX applies fees to some cryptocurrencies:

Operating solely on a coin-to-coin model, ChaoEX is probably not for everyone. Newbies, for example, who don’t have any coins yet, cannot buy some with traditional currencies on this exchange. Nonetheless, ChaoEX offers a solid amount of digital assets for trade on its advanced trading platform with really competitive fees.
It is probably among the exchanges which benefited from China’s ICO ban, which compelled a lot of Chinese investors to turn to Hong-Kong venues like Bitfinex, TideBit, KuCoin and others. Hong Kong, on the other hand, does not have specific legislation on Bitcoin and crypto-exchanges, but crimes involving them, such as fraud and money laundering are persecuted under the existing laws.
Like most similar platforms, ChaoEX is not regulated, but what bothers us more istheir poor corporate presentation. If you prefer to trade in digital coins via a regulated company, we remind you that you can do that with forex brokers, many of which are properly licensed in the countries where they operate.

Useful Official Links of CHAOEX exchange platform:
Website = http://www.chaoex.com/
Ann Thread = https://bitcointalk.org/index.php?topic=5068406.msg47857560#msg47857560
Twitter = https://twitter.com/ChaoExHK
Facebook: https://www.facebook.com/ChaoExHK
Author:
Bitcointalk Username: freim
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1958200
submitted by freimiller to ico [link] [comments]

stock marketing full guide 2019

stock marketing full guide 2019
stock market

What's the Stock Market? full guide.

The inventory market refers back to the assortment of markets and exchanges the place common actions of shopping for, promoting, and issuance of shares of publicly-held firms happen. Such monetary actions are performed by way of institutionalized formal exchanges or over-the-counter (OTC) marketplaces which function underneath an outlined set of laws. There may be a number of inventory buying and selling venues in a rustic or an area which permit transactions in shares and different types of securities.
Whereas each phrase - inventory market and inventory alternate - are used interchangeably, the latter time period is usually a subset of the previous. If one says that she trades within the inventory market, it implies that she buys and sells shares/equities on one (or extra) of the inventory alternate(s) which are a part of the general inventory market. The main inventory exchanges within the U.S. embrace the New York Stock Exchange (NYSE), Nasdaq, the Higher Different Buying and selling System (BATS). and the Chicago Board Options Exchange (CBOE). These main nationwide exchanges, together with a number of different exchanges working within the nation, type the inventory market of the U.S.
Although it's known as an inventory market or fairness market and is primarily identified for buying and selling shares/equities, different monetary securities - like exchange-traded funds (ETF), corporate bonds and derivatives primarily based on shares, commodities, currencies, and bonds - are additionally traded within the inventory markets.

Read also.

Inventory Market

Understanding the Inventory Market

Whereas right this moment it's potential to buy nearly every part online, there's often a delegated marketplace for each commodity. For example, folks drive to metropolis outskirts and farmlands to buy Christmas bushes, go to the native timber market to purchase wooden and different obligatory materials for house furnishings and renovations, and go to shops like Walmart for his or her common grocery provides.
Such devoted markets function a platform the place quite a few patrons and sellers meet, work together and transact. For the reason that a variety of market individuals is large, one is assured of good worth. For instance, if there is just one vendor of Christmas bushes in your complete metropolis, he could have the freedom to cost any worth he pleases because the patrons gained’t have wherever else to go. If the variety of tree sellers is massive in a standard market, they must compete in opposition to one another to draw patrons. The patrons can be spoiled for selection with low- or optimum-pricing making it a good market with worth transparency. Even whereas buying online, patrons examine costs supplied by totally different sellers on the identical buying portal or throughout totally different portals to get one of the best offers, forcing the assorted online sellers to supply one of the best worth.
An inventory market is an identical designated marketplace for buying and selling numerous sorts of securities in a managed, safe and managed the atmosphere. For the reason that inventory market brings collectively a whole bunch of hundreds of market individuals who want to purchase and promote shares, it ensures honest pricing practices and transparency in transactions. Whereas earlier inventory markets used to situation and deal in paper-based bodily share certificates, the fashionable day computer-aided inventory markets function electronically.

How the Inventory Market Works

In a nutshell, inventory markets present a safe and controlled atmosphere the place market individuals can transact in shares and different eligible monetary devices with confidence with zero- to low-operational danger. Working underneath the outlined guidelines as acknowledged by the regulator, the inventory markets act as primary markets and as secondary markets.
As the main market, the inventory market permits firms to the situation and promote their shares to the wider public for the primary time by way of the method of initial public offerings (IPO). This exercise helps firms increase obligatory capital from traders. It primarily implies that an organization divides itself into quite a few shares (say, 20 million shares) and sells part of these shares (say, 5 million shares) to the wider public at a worth (say, $10 per share).
To facilitate this course of, an organization wants a market the place these shares may be offered. This market is offered by the inventory market. If every part goes as per the plans, the corporate will efficiently promote the 5 million shares at a worth of $10 per share and acquire $50 million value of funds. Traders will get the corporate shares which they will anticipate to carry for his or her most well-liked length, in anticipation of rising in share worth and any potential revenue within the type of dividend funds. The inventory alternate acts as a facilitator for this capital elevating course of and receives a charge for its providers from the corporate and its monetary companions.
Following the first-time share issuance IPO train known as the itemizing course of, the inventory alternate additionally serves because the buying and selling platform that facilitates common shopping for and promoting of the listed shares. This constitutes the secondary market. The inventory alternate earns a charge for each commerce that happens on its platform in the course of the secondary market exercise.
The inventory alternate shoulders the accountability of making certain price transparency, liquidity, price discovery and honest dealings in such buying and selling actions. As nearly all main inventory markets throughout the globe now function electronically, the alternate maintains buying and selling techniques that effectively handle the purchase and promote orders from numerous market individuals. They carry out the worth matching operate to facilitate commerce execution at a worth honest to each patron and sellers.
A listed firm can also supply new, extra shares by way of different choices at a later stage, like by way of rights issue or by way of follow-on offers. They could even buyback or delist their shares. The inventory alternate facilitates such transactions.
The inventory alternate usually creates and maintains numerous market-level and sector-specific indicators, just like the S&P 500 index or Nasdaq 100 index, which give a measure to trace the motion of the general market.
The inventory exchanges additionally preserve all firm information, bulletins, and monetary reporting, which may be often accessed on their official web sites. An inventory alternate additionally helps numerous different corporate-level, transaction-related actions. For example, worthwhile firms might reward traders by paying dividends which often comes from the part of the corporate’s earnings. The alternate maintains all such data and will assist its processing to a sure extent.

Features of an Inventory Market

An inventory market primarily serves the next features:
Truthful Dealing in Securities Transactions: Relying on the usual rules of demand and supply, the inventory alternate wants to make sure that all market individuals have instantaneous entry to information for all purchase and promote orders thereby serving to within the honest and clear pricing of securities. Moreover, it also needs to carry out environment-friendly matching of acceptable purchase and promote orders.
For instance, there could also be three patrons who've positioned orders for purchasing Microsoft shares at $100, $105 and $110, and there could also be 4 sellers who're keen to promote Microsoft shares at $110, $112, $115 and $120. The alternate (by way of their pc operated automated buying and selling techniques) wants to make sure that one of the best purchase and greatest promote are matched, which on this case is at $110 for the given amount of commerce.
Environment-friendly Value Discovery: Inventory markets must assist an environment-friendly mechanism for worth discovery, which refers back to the act of deciding the correct worth of a safety and is often carried out by assessing market provide and demand and different components related to the transactions.
Say, a U.S.-based software program firm is buying and selling at a worth of $100 and has a market capitalization of $5 billion. Information merchandise is available in that the EU regulator has imposed a wonderful of $2 billion on the corporate which primarily implies that 40 % of the corporate’s worth could also be worn out. Whereas the inventory market might have imposed a buying and selling worth vary of $90 and $110 on the corporate’s share worth, it ought to effectively change the permissible buying and selling worth restrict to accommodate for the potential adjustments within the share worth, else shareholders might battle to commerce at a good worth.
Liquidity Upkeep: Whereas getting the variety of patrons and sellers for a specific monetary safety are uncontrolled for the inventory market, it wants to make sure that whosoever is certified and keen to commerce will get instantaneous entry to position orders which ought to get executed on the honest worth.
Safety and Validity of Transactions: Whereas extra individuals are vital for environment-friendly working of a market, the identical market wants to make sure that all individuals are verified and stay compliant with the required guidelines and laws, leaving no room for default by any of the events. Moreover, it ought to make sure that all related entities working out there should additionally adhere to the principles, and work inside the authorized framework given by the regulator.
Help All Eligible Kinds of Contributors: A market is made by quite a lot of individuals, which embrace market makers, traders, merchants, speculators, and hedgers. All these individuals function within the inventory market with totally different roles and features. For example, an investor might purchase shares and maintain them for long run spanning a few years, whereas a dealer might enter and exit a place inside seconds. A market maker gives obligatory liquidity out there, whereas a hedger might prefer to commerce in derivatives for mitigating the danger concerned in investments. The inventory market ought to make sure that all such individuals are capable of function seamlessly fulfilling their desired roles to make sure the market continues to function effectively.
Investor Safety: Together with rich and institutional traders, a really massive variety of small traders are additionally served by the inventory marketplace for their small quantity of investments. These traders might have restricted monetary information, and will not be totally conscious of the pitfalls of investing in shares and different listed devices. The inventory alternate should implement obligatory measures to supply the required safety to such traders to protect them from monetary loss and guarantee buyer belief.
For example, an inventory alternate might categorize shares in numerous segments relying on their danger profiles and permit restricted or no buying and selling by widespread traders in high-risk shares. Derivatives, which have been described by Warren Buffett as monetary weapons of mass destruction, aren't for everybody as one might lose far more than they guess for. Exchanges usually impose restrictions to forestall people with restricted revenue and information from entering into dangerous bets of derivatives.
Balanced Regulation: Listed firms are largely regulated and their dealings are monitored by market regulators, just like the Securities and Exchange Commission (SEC) of the U.S. Moreover, exchanges additionally mandate sure necessities – like, well timed submitting of quarterly monetary stories and instantaneous reporting of any related developments - to make sure all market individuals grow to be conscious of company happenings. Failure to stick to the laws can result in the suspension of buying and selling by the exchanges and different disciplinary measures.

Regulating the Inventory Market

An area monetary regulator or competent financial authority or institute is assigned the duty of regulating the inventory market of a rustic. The Securities and Alternate Fee (SEC) is the regulatory physique charged with overseeing the U.S. inventory markets. The SEC is a federal company that works independently of the federal government and political strain. The mission of the SEC is acknowledged as: "to guard traders, preserve honest, orderly, and environment-friendly markets, and facilitate capital formation."

Inventory Market Contributors

Together with long-term traders and brief time period merchants, there are a lot of several types of gamers related to the inventory market. Everyone has a singular function, however, lots of the roles are intertwined and rely on one another to make the market run successfully.
  • Stockbrokers, also called registered representatives within the U.S., are the licensed professionals who purchase and promote securities on behalf of traders. The brokers act as intermediaries between the inventory exchanges and the traders by shopping for and promoting shares on the traders' behalf. An account with a retail dealer is required to realize entry to the markets.
  • Portfolio managers are professionals who make investments portfolios, or collections of securities, for purchasers. These managers get suggestions from analysts and make the purchase or promote choices for the portfolio. Mutual fund firms, hedge funds, and pension plans use portfolio managers to make choices and set the funding methods for the cash they maintain.
  • Investment bankers characterize firms in numerous capacities, comparable to personal firms that wish to go public through an IPO or firms which are concerned in pending mergers and acquisitions. They care for the itemizing course of in compliance with the regulatory necessities of the inventory market.
  • Custodian and depot service suppliers, that are establishment holding prospects' securities for safekeeping in order to reduce the danger of their theft or loss, additionally function in sync with the alternative to switch shares to/from the respective accounts of transacting events primarily based on buying and selling on the inventory market.
  • Market maker: A market maker is a broker-dealer who facilitates the buying and selling of shares by posting bid and ask costs together with sustaining a listing of shares. He ensures adequate liquidity out there for a specific (set of) share(s), and income from the distinction between the bid and the ask worth he quotes.

How Inventory Exchanges Make Cash

Inventory exchanges function as for-profit institutes and cost a charge for his or her providers. The first supply of revenue for these inventory exchanges are the revenues from the transaction charges which are charged for every commerce carried out on its platform. Moreover, exchanges earn income from the itemizing charge charged to firms in the course of the IPO course of and different follow-on choices.
The alternate additionally earn from promoting market information generated on its platform - like real-time information, historical information, abstract information, and reference information – which is significant for fairness analysis and different makes use of. Many exchanges will even promote know-how merchandise, like a buying and selling terminal and devoted community connection to the alternate, to the events for an acceptable charge.
The alternate might supply privileged providers like high-frequency trading to bigger purchasers like mutual funds and asset management companies (AMC), and earn cash accordingly. There are provisions for regulatory charge and registration charge for various profiles of market individuals, just like the market maker and dealer, which type different sources of revenue for the inventory exchanges.
The alternate additionally make income by licensing their indexes (and their methodology) that are generally used as a benchmark for launching numerous merchandise like mutual funds and ETFs by AMCs.
Many exchanges additionally present programs and certification on numerous monetary matters to trade individuals and earn revenues from such subscriptions.

Competitors for Inventory Markets

Whereas particular person inventory exchanges compete in opposition to one another to get most transaction quantity, they're dealing with menace on two fronts.
Darkish Swimming pools: Dark pools, that are personal exchanges or boards for securities buying and selling and function inside personal teams, are posing a problem to public inventory markets. Although their authorized validity is topic to native laws, they're gaining a reputation as individuals save massive on transaction charges.
Blockchain Ventures: Amid rising reputation of blockchains, many crypto exchanges have emerged. Such exchanges are venues for buying and selling cryptocurrencies and derivatives related to that asset class. Although their reputation stays restricted, they pose a menace to the standard inventory market mannequin by automating a bulk of the work completed by numerous inventory market individuals and by providing zero- to low-cost providers.

Significance of the Inventory Market

The inventory market is among the most significant parts of a free-market economic system.
It permits firms to lift cash by providing inventory shares and company bonds. It lets widespread traders take part within the monetary achievements of the businesses, make income by way of capital gains, and earn cash by way of dividends, though losses are additionally potential. Whereas institutional traders {and professional} cash managers do get pleasure from some privileges owing to their deep pockets, higher information and better danger taking skills, the inventory market makes an attempt to supply a stage taking part in subject to widespread people.
The inventory market works as a platform by way of which financial savings and investments of people are channelized into the productive funding proposals. In the long run, it helps in capital formation & financial progress for the nation.

KEY TAKEAWAYS

  • Inventory markets are very important parts of a free-market economic system as a result of they permit democratized entry to buying and selling and alternate of capital for traders of all types.
  • They carry out a number of features in markets, together with environment-friendly worth discovery and environment-friendly dealing.
  • Within the US, the inventory market is regulated by the SEC and native regulatory our bodies.

Examples of Inventory Markets

The primary inventory market on the planet was the London inventory alternate. It was begun in a coffeehouse, the place merchants used to satisfy to alternate shares, in 1773. The primary inventory alternate in the USA of America began in Philadelphia in 1790. The Buttonwood settlement, so named as a result of it was signed underneath a buttonwood tree, marked the beginnings of New York's Wall Avenue in 1792. The settlement was signed by 24 merchants and was the primary American group of its type to commerce in securities. The merchants renamed their enterprise as New York Inventory and Alternate Board in 1817.
submitted by Red-its to forexinfo [link] [comments]

The XTRD Megathread

What is XTRD?

XTRD is a technology company that are introducing a new infrastructure that would allow banks, hedge funds, and large institutional traders to easily access cryptocurrency markets.
XTRD is launching three separate products in sequential stages to solve the ongoing problems caused by having so many disparate markets. Firstly a unified FIX API followed by XTRD Dark Pools and finally the XTRD Single Point of Access or SPA.
Our goal is to build trading infrastructure in the cyptospace and become one of the first full service shops in the cryptocurrency markets for large traders and funds.

What are the industry issues?

COMPLEX WEB OF EXCHANGES. A combination of differing KYC policies, means of funding, interfaces and APIs results in a fragmented patchwork of liquidity for cryptocurrencies. Trading in an automated fashion with full awareness of best pricing and current liquidity necessitates the opening and use of accounts on multiple exchanges, coding to multiple API’s, following varying funding and withdrawal procedures. Once those hurdles are cleared, market participants must convert fiat currency to BTC or ETH and then forward the ETH on to an exchange that may not accept fiat, necessitating yet another transaction to convert back to fiat. Major concerns for market participants range from unmitigated slippage and counterparty risk to hacking prevention and liquidity.
HIGH FEES. Execution costs are even more of a factor. Typical exchange commissions are in the 0.1% – 0.25% range per transaction (10 to 25 basis points), but the effective fees are much higher when taking into bid and ask spreads maintained by the exchanges. As most exchanges are unregulated, there is generally no central authority or regulator to examine internal exchange orders that separate proprietary activity from customer activity and ensure fair pricing.
THIN LIQUIDITY. A large institutional order, representing a sizable percentage of daily volume can move the market for a product, and related products in an exchange by a factor of 5-10%. That means a single order to buy $1,000,000 worth of bitcoin can cost an extra $50,000-$100,000 per transaction given a lack of liquidity if not managed correctly and executed on only one exchange. By way of comparison, similar trades on FX exchanges barely move markets a fraction of a percent; those price changes cost traders money, and deter investment.

What are the XTRD solutions?

FIX API
An API is an “Application Programming Interface”, a set of rules that computer programs use to communicate. FIX stands for “Financial Information eXchange”, the API standard used by most financial organizations as the intermediary protocol to communicate amongst disparate systems such as market data, execution, trade reporting, and order entry for the past 25 years.XTRD is fixing the problem of having 100 different APIs for 100 exchanges by creating a single FIX based API for market data and execution – the same FIX API that all current financial institutions utilize.XTRD will leverage our data center presences in DC3 Chicago and NY4 New Jersey to host FIX trading clients and reduce their trading latencies to single milliseconds, a time acceleration of 100x when it comes to execution vs internet. More infrastructure and private worldwide internet lines will be added in 2018 and beyond to enable secure, low latency execution for all XTRD clients, FIX and PRO.
XTRD PRO
XTRD PRO is a professional trading platform that will fix the basic problems with trading across crypto exchanges – the need to open multiple web pages, having to click around multiple windows, only being able to use basic order types, and not seeing all your positions, trades, and market data in one place.XTRD PRO will be standalone, downloadable, robust end-to-end encrypted software that will consolidate all market data from exchanges visually into one order book, provide a consolidated position and order view across all your exchange accounts, and enable client side orders not available on exchanges – keyboard macro shortcuts, VWAP/TWAP, shaving the bid and offer, hit through 1% of the inside, reserve orders that bid 100 but show 1, SMART order routing to best exchange and intelligent order splicing across exchanges based on execution costs net of fees, OCO and OTO, many others.
XTRD SPA
XTRD SPA is the solution to bridge cross-exchange liquidity issues. XTRD is creating Joint Venture partnerships with trusted cryptocurrency exchanges to provide clients on those exchanges execution across other exchanges where they do not have accounts by leveraging XTRD’s liquidity pools.An order placed by a client at CEX.IO, XTRD’s first JV partner, can be executed by XTRD at a different exchange where there may be a better price or higher liquidity for a digital asset. Subsequently, XTRD will deliver the position to CEX.IO and then CEX.IO will deliver the execution to the client, with XTRD acting as just another market participant at the CEX.IO exchange.XTRD does not take custody of funds, we are a technology partner with exchanges. All local exchange rules, procedures, and AML/KYC policies apply.
XTRD DARK
Institutions and large market participants who have large orders of 100 BTC or more generally must execute across multiple markets, increasing their counterparty risk, paying enormous commissions and spreads, and generally having to deal with the vagaries of the crypto space. Alternatives are OTC brokers that charge multiple percents or private peer-to-peer swaps which are difficult to effectuate unless one is deeply in the space.XTRD is launching XTRD DARK – a dark liquidity pool to trade crypto vs fiat that matches buyers and sellers of large orders, discreetly and anonymously, at a much lower cost. Liquidity is not displayed so large orders do not move thin markets as they would publicly. The liquidity will come from direct XTRD DARK participants as well as aggregation of retail order flow into block orders, XTRD’s own liquidity pools, connections with decentralized exchanges to effectuate liquidity swaps, and OTC broker order flow.XTRD is partnering with a fiat banking providebroker dealer to onboard all XTRD DARK participants for the fiat currency custody side with full KYC/AML procedures.

XTRD Tokenomics

Who is XTRD intended for?

XTRD is mainly aimed at major institutions, hedge funds, algorithmic traders who are currently unable to enter the crypto markets.
These firms include companies such as Divisa Capital run by XTRD Advisor Mushegh Tovmasyan.

XTRD Weekly Updates

Upcoming Events

AMA's

Further AMA's will be coming soon!

XTRD In The Media

Resources

More information will be added to this thread as the project develops.
We are currently looking for key community members to assist in building out this thread.
If you are interested please email [[email protected]](mailto:[email protected])
submitted by tylerbro77 to XtradeIO [link] [comments]

Whaleclub Review - The Crypto FX Broker

WhaleClub is an online CFD broker that uses their own custom built CFD trading platform to offer trading, forex, commodities, Indices and stocks. Whale Club doesn’t require any identity verification for traders to set up an account. The exchange has a strict “no fiat” policy meaning they don’t use the banks or any similar traditional institutions or fiat currencies in their operations.
There are no commissions for trading but when it comes to withdrawals .001BTC for charged for BTC withdrawals, 0.005 for ETH, 0.01LTC for LTC and 0.01DASH for DASH withdrawals. And whaleclub also charges for leverage users.
What Stands Out:
- Custom built CFD trading platform
- "Turbo Trading" demo account more like their in house binary options
- No Verification Anonymous Account Opening
- Trust Factor – 3/5 stars
Cons
-Fees & Leverage Charges
-Does not accept US clients
Scam Alert – There are reports of withdrawal issues and misleading fees.
PS: The review is based on facts collected from internet as well as other forums and after testing the broker's Demo by our moderators. Let us know what you think about the broker in the comments below and/or if you hold a different view that what has been said above.
submitted by PetersonPaul7 to CryptoForexBrokers [link] [comments]

[CEO LETTER] MAY-28, 2018: CLICKGEM PROPOSAL

May 28th, 2018
Dear potential investors,
I'm Nguyen Nam Hai, C.E.O of ClickGem Project (ClickGem Inc – Belize), you can call me as Hai!
First of all, thanks for your interest in ClickGem Project, this is the honor of our development team!
Second, although you can find all information about ClickGem project on the internet, I still want to provide you a brief summary and explain which can help you to understand this project easily and fully: - ClickGem project is creating a new payment system which is much better than all current payment systems, include PayPal and other similar payment systems! We are focusing on developing a payment gateway (paygate) which can support to pay and receive payment with multiple different currencies (both cryptocurrencies and fiat money), it has a special feature for exchange currency instantly during transaction, through exchange floors (this is an important advantage because buyers can pay by any currency and they not need to match with currency which sellers want to receive, and always get the lowest exchange rates from the market) and very low fee. That is our core application! Then we will develop additional an ecosystem of applications and APIs to support that core application. We will also develop two-directions API for our paygate so it can integrate with other forex/cryptocurrency exchanges to increase liquidity and have more chances to find the lowest exchange rate when exchange currency for buyers/sellers when they using our paygate. - Another advantage of ClickGem paygate: at this time, not many merchants/sellers are ready to accept payments for their business by cryptocurrencies because of many reasons (tax declaration, risks of the exchange rate, risks of the liquidity, risks with the law - not many governments allow cryptocurrency business) while in fact have a lot of people owned cryptocurrencies want to use it as currencies for shopping, for payment... ClickGem paygate will support for cross-exchange between Fiat currency and cryptocurrency and it will be a solution to connect people owning cryptocurrency with all merchants/sellers around the world. - ClickGem is a project started from January 2018 that aims to create all tools and applications which will support and encourage people to use more cryptocurrencies in different fields of the real life instead of only trading them like stocks/currencies/commodities on exchanges floors on the internet. Until now, we achieved some points on our roadmap and launched some important working applications. Our development team are still improving those applications (add more features, improve processing speed and security, optimize user interface) and developing new applications to build ClickGem ecosystem. You can see our roadmap at here: https://www.clickgem.com/roadmap.html . You can also test our applications by register an account on the website! - ClickGem project also has its own cryptocurrency called ClickGem (CGM). Web wallet, full-node wallet for Linux and block explorer had been launched already. Full-node wallet for Windows and MacOS are estimated to be launched in next month (June 2018)! Because ClickGem project focuses solely on developing an ecosystem of applications which support for all cryptocurrencies, so the CGM cryptocurrency is simply forked from Litecoin open source. However, we think it is good enough to use as a cryptocurrency, no need any new additional features! - ClickGem project is a service provider and we will generate profits mainly from collect fees from people who used our tools and applications. We released our owned cryptocurrency to raise fund from the community to have more budget for ClickGem project development. ClickGem cryptocurrency has all the same function with other currencies which supported by our system. But our users will always get 50% discount on every fee when utilizing ClickGem cryptocurrency (cheaper fee than other currencies). Especially, some future applications in ClickGem ecosystem will only support for ClickGem cryptocurrency. People can also trade ClickGem cryptocurrency in many other public exchange floors. When ClickGem ecosystem is fully developed and present at all of its target markets, it will have a lot of users around the world. Needs of CGM cryptocurrency will increase a lot (because it has a lot of incentives compared to other cryptocurrencies which supported in ClickGem ecosystem) while its maximum supply is only 30 million, so its price will increase rapidly! - Until this time (May 2018), ClickGem website has very good ranking, over 60,000 registered users and over 22,000 followers on Telegram and still increasing day by day. - ClickGem is a young project but developer team is professional and high qualified but, above all, is very motivated in achieving predetermined goals.
If ClickGem project succeeded: - It will help all merchants/sellers have a better way to receive payment and have more buyers. - It will help all buyers have a new payment method which is more flexible and better than all old methods, easier for online shopping. - It will help all people who owning cryptocurrency can use their cryptocurrency to do more things than only trading it on exchange floors. - It will help many exchange floors (include Forex and cryptocurrency exchanges) have more buy orders and improve liquidity. - It will accelerate the implementation and application of global blockchain technology.
ClickGem project will be a global service like PayPal, Amazon, Alibaba or Aliexpress so it can access all markets in the world and its scalability is unlimited!
Our project will attend to ICORace event (www.icorace.ch) in Switzerland on June 6/7th. Have over 100 ICO applications sent to ICORace, but our project is on top 20 ICO projects which will enter semi-finals! That means our project is highly appreciated by the ICORace organizer. We will have a chance to present our project as a speaker to a lot of investors at there. This is a very good chance to attract people from ICORace event to our project!
Our project also attended to the 2nd Global Fintech & Blockchain China Expo 2018 at Shanghai (China) on last month (April 2018) and attended to the World BlockChain CryptoCurrency Summit Moscow 2018 (WBCSUMMIT MOSCOW 2018) in Russia on this month (May 2018). Our business idea is also highly appreciated by every people in both events! You can see our presence in both events at here: https://www.clickgem.com/updates-apr-12-2018-clickgem-team-… https://www.clickgem.com/updates-may-20-2018-meet-us-at-wor… https://www.clickgem.com/updates-may-19-2018-meet-us-at-wor…
Third, I want to tell you about my personal story and the reason of idea to start the ClickGem project: I'm a businessman and I have a small factory in Vietnam for producing hair extensions & wigs products (Company introduction: https://www.youtube.com/watch?v=fMHk0UyA05s). I have been running this business for about 10 years. Most of the products produced in my factory are exporting to many different countries (USA, Russia, Brazil, Mexico, Germany, Portugal, UK, Hong Kong, Korea etc...). Within 10 years doing international business, one of biggest troubles for my business is receive payments from international clients because most of my clients don't want to pay directly to my company bank account because of the barrier of customs and import procedures, etc... To maintain business with those clients, I have to suggest them to: - Pay to my personal bank account >> It usually makes trouble to me for tax declaration. - Pay through personal money transfer companies like Western Union, MoneyGram, Unistream, etc... >> Can only receive small amounts, high fees. I still have trouble with tax declaration. - Pay through PayPal >> Many limitations and very high fee (PayPal transaction fee is 4.4% but the total amount I lose usually up to 12% because PayPal only allows merchants to withdraw money from the account by local currency and they always apply exchange rates which are very disadvantage for the merchant). I still have trouble with tax declaration - Pay by cash through brokers, pilots or flight attendants >> No trouble with tax declaration but can't transfer big amounts. High fee, and high risk! Because of limitation and barriers to receiving payment, I can't easy to expand my business. I know that not only I have this trouble, a lot of business people are having the same trouble! I never stop finding the better solution to solve problems with receive payment!
Until when I know about cryptocurrency which created using blockchain technology and strong communities are supporting the cryptocurrency, I strongly believe it can replace our current currencies in a future near. Cryptocurrency has a lot of advantages which compared to our current currencies. However, now is just the beginning of the era of cryptocurrency, we still have not many applications with enough features to support cryptocurrency to become our main currency.
I start thinking about ClickGem Project which can have all features combined from PayPal, CoinBase, Forex websites, cryptocurrency exchange websites, Amazon, Alibaba, Aliexpress, etc... which can support strongly for cryptocurrency and become a perfect system for payment and exchange currencies.
Currently, my team has not many people, but we can achieve many goals within a short time (about 5 months), although before that we haven't any preparation and even don't know many about blockchain technology. That can show our ability is not small and that ability will continue to multiply many times when we have more budget to recruit more talented people! I know that still have many difficulties in future and still need more time make ClickGem system become a perfect system, but I strongly believe that every difficulty will have the solution to solve (like the way I have been done with my current business from the zero) and I believe can make these ideas become real!
Other reasons make me strongly believe ClickGem project will be succeeded and it could become the big system like PayPal, Amazon, Alibaba, Aliexpress, etc… are: I believe that when we do anything if we don't believe in ourselves and what we are doing, we will never succeed. And what is easy come will easy go, only goals which are difficult to be achieved will create the real value! My team members owned a same great skill is we never give up and we will always search for solutions to solve all difficulties! I also know that because of the unstable situation of politic and economy are happening many places around the world, so many people start finding better currencies for daily transactions or hold as an asset instead of Fiat currency (cash, money at banks), gold or some things like that, this is also the main reason to make cryptocurrency become a very hot trend at this time! I believe that is the normal evolution and development of human society (in our history has witnessed many similar phases and events)! I have enough knowledge about IT field and doing business, I understand that to build systems like PayPal, Amazon, Alibaba or Aliexpress is not very difficult, I'm total can build similar systems but my systems even can support for both cryptocurrency and Fiat currency! Those companies only difference with me is they have a great opportunity to receive support from big funding companies and even government because all of them are established at the beginning of the era of the internet (For example: Alibaba has established from the beginning of the era of the internet in China, so they have opportunity to receive great support from big funding companies like SoftBank, etc... and the Chinese Government about resources, relationships, policies, etc...). The beginning of the era of the stock market is also similar to the beginning of the era of the internet, also generated many big names and many big companies. Current is the beginning of the era of the blockchain technology and cryptocurrency, I believe that we have the same opportunity with PayPal, Amazon, Alibaba or Aliexpress... Why not take this opportunity? My team only think and do, with all of our efforts and sincerity, I believe we can convince and get support from many investors to realize our dream!
I still have a lot of ideas to do with ClickGem project, however, my budget is limited and I can’t do everything alone! So, I always looking for more people who can join a hand with me, together to make this project succeed!
Would you like to join one hand with me?
I hope ClickGem project can meet your interest and opens the way for an interesting and profitable collaboration!
Thanks for spending your time to read my proposal and I hope you will spend more time to review ClickGem project!
Looking forward to hearing from you soon!
Best regards,
---
Nguyen Nam Hai – CEO [email protected]
ClickGem Project https://www.clickgem.com
https://www.clickgem.com/ceo-letter-may-28-2018-clickgem-pr…
t.me/clickgem/179
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[Table] IAmA: I am Timothy Sykes: Ask Me Anything

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-04-22
Link to submission (Has self-text)
Questions Answers
So you've managed to be in the green during the years when any idiot could throw darts at a dart board for stock picks and derive gains. What happens when a bear market comes along? LOL I love my haters/doubters, why are u all so inept? I do BETTER IN BEAR MARKETS, I'M A SHORT SELLER YOU MORON! LOLOLOLOLOL.
You also manage less than $4M and only have $1M in your trading accounts right now. I wouldn't trust a lot of the people I know with more than that in their accounts for advice (and neither would they, that's why their money is managed by others). So, what exactly is it that makes you qualified to give advice for long term success for other investors to follow you? I could trade with $20 million and probly make $10-15 mil/year but then i wouldnt be able to teach which i love more.
Do you know the success rate of all of your subscribers as a whole, including the ones that didn't stick through your "program", do you have any stats? Not just the two millionaires? U can see alll my students trades, add up the profits, go fetch, Link to profit.ly
LOL I love my haters/doubters, why are u all so inept? I do BETTER IN BEAR MARKETS, I'M A SHORT SELLER YOU MORON! LOLOLOLOLOL. As a sell-side analyst who has worked on Wall Street for several years and has met analysts and portfolio managers at the largest hedge funds and investment banks in the world, I'd like to ask everyone reading this a question: would you entrust your life savings to a guy who talks like this? Do you think the people at Goldman Sachs or Third Point talk like this? The good thing is i dont manage other people's money, all i do is teach lessons i've learned over 15 years...ignore my rules at your own risk, nobody forces u to learn them...
How did that hedge fund you started work out? I was the #1 ranked short bias hedge fund for 3 years and then tried investing as i got too greedy...overall made 2%/year over 4 years, still #1 ranked in my category, see details Link to tim.ly i accept your apology for your laziness.
I do BETTER IN BEAR MARKETS. Have you traded in a bear market before? Because to me it looks like you started trading shortly after the crash. i could trade with $20 million and probly make $10-15 mil/year. Then why not put more money into your trading account, it's not like holding more than half your in assets in cash is somehow going to improve your awesome performance? but then i wouldnt be able to teach which i love more. If you love it so much, why don't you offer it at a more discounted rate than $1200/year per person? For that much money most people could buy all the best investing books on the shelves. Are yours somehow better than everyone who has come before you? As well, at $1200/year, if you only have 10k in your account, that's 12%/year. For 12% a year you could hire some of the best money managers in the world, or even for a flat rate fee, you could find at least a half-decent financial planner. What advantages do you offer over those people? u can see alll my students trades, add up the profits. After factoring in relative risk, and performance relative to the market, how does this fare? I mean if all your students at so successful why not display that front and center on your page, I'm sure it'd draw in more customers and there would be more faith in your advice. Your own success and the success of a few hand picked students isn't a lot to go on. How do you become a better sprinter, do you ask the world's fastest sprinter, or their coaches? Do you judge these coaches based on the performance of the most skilled students (who likely had an innate ability to begin with), or do you assess them based on the sustained increase in performance across the board, relative to other coaches? Generally the guy with $500k in his bank account is going to have an easier time making 1M than the guy with $5k in his account is. I'm not hating on you, I'm just asking why some of this data hasn't been gathered to show just how successful your students have been, relative to the rest of the people in the markets they've been trading in. go fetch. Are you aware of what selection bias and survivorship bias are? Also have you considered offering a full refund for people who have blown up their account after buying your books? Where do you see your investment future headed with these sizable gains so quick in your short career? Do you think your performance will compare to that of Berkshire Hathaway, or the Medallion Fund in the long term? Yes i've traded bear markets, i made my 2nd million dollars 2000-2002, u have a long comment but u didnt bother researching me so i have no time for lazy people, sorry!
In the wake of Flash Boys, if you could recreate the market to your specs how would you want it? Single exchange? No maketaker? No darks? Trading pauses? Cancel fees? No Internalization? People whine too much, i could care less about HFTs.
Why does google have more scam accusations than success stories when I search your name? Because i expose scams and those scammers spread lies...already sued one penny stock promoter and won, but their skillset is spreading misinformation on the internet so it works well to smear me...but they couldnt stop Link to tim.ly or Link to tim.ly and as i create more millionaires, more people will realize i'm 100% right...until then let the haterade flowww.
I love how so many of the people asking questions here are ~5 hour old accounts...Got a bunch of your students pumping and dumping your AMA too? I just sent the link out to everyone we dont give a crap about reddit, stupid hater.
My question keeps disappearing for some reason. ??? On a $15,000 account, what position size ($) would you risk, max, and what % gain target would you shoot for to minimize risk in partial fills/no-fills? I know this depends greatly on volume. I answered it in long before, no time for double questions.
You are quite the heartless prick. You publicly laugh at all the traders when your short brigade tanks a stock price. Has anyone recognized you in public, walked up and threatened you? Nah actually everyone who meets me is very thankful for my tireless work and EDUCATION...anyone who hates on education deserves to be poor.
Do you want to eventually settle down with a wife and have kids and get out of the spotlight?? And do you ever get tired of the fame? Of course but i never get tired of trading/teaching.
What indicators do you use to find earnings/contract winners? What news sources do you read through? How do you find them? Go watch Link to timothysykes.com
2pac or biggie? Eminem.
If you're so fucking rich why do you need to sell shit? Why did you make this AMA? To get more customers. Those who can't do, teach. Link to www.timothysykes.com
You're a typical lazy, inept hater, u accuse before u do research, sad.
Tim, big fan, love the instagram photos. Quick question, why not use options to position for trades (assuming they are availalbe in a particular name at all), rather than long/short? I've had problems getting margin approval (long story) even though i make six figures a year, so buying calls and puts is where im at right now. thoughts? Less serious question, "on a scale of Moses to Hitler" (Andy Samburg quote), how Jewish do you consider yourself? Favorite brand of coffee? Favorite toy? My stocks arent usually optionable, oh how i wish they were :) i dont drink coffee and no time for toys.
TIM SYKES. If you had a son or daughter, which majors would you want them to study? STEM field? Liberal arts? Other. Pic related: Link to i.imgur.com. College is useless, I'd want them to live and learn in the real world.
How was the conversation with Wolf when you guys ended the little Twitter war? What caused that whole mess? It was me probing whether he was a stock promoter or not and i'm confident that he's just a naive newbie.
Are you familiar with BullsOnWallstreet? What do you think of their trading education, chatroom, and hedgefund? Yah, nice guys but i dont know their teachings/track record, try to get them to post publicly on profitly.
What % of your income is from trading, what % from subscribers/dvds/marketing etc.? Link to mixergy.com
Hi Tim, what advice would you give a new trader with a very small account ~$500. on the best way to grow the account over time? Focus on volatile stocks and realize my top student started with just $1500 and turned it into $1.71 million in 3 years...anything is possible if u study and work ahrd.
Tim, what is the tech analysis software you use in all of your video lessons. Is it thinkorswim? Its Etrade PRO but I don't recommend them -- I only use them as I'm superstitious and have made too many millions of dollars with them over 15 years...Otherwise I'd recommend Link to stockstotrade.co as it has great scanning/screening tools too.
Tim, as happy as I've been with my Silver sub so far, I was a day trader for four years in forex and am a bit burned out on it. But I do love swing and positional trading and have really fallen in love with options over the last six months. Right now I am thisclose to buying Tim Longterm. Do you get a lot of optional stocks in the TL program? Cool yes timlongterm has more optional stocks.
How did you become interested in the stock market? Read Link to timothysykes.com
How has your self-made wealth changed your lifestyle? Yes i live very well now :)
Where do you see yourself in five years? Depends how many millionaire students i can create.
Was trading stocks your first career choice? I never thought about careers, i just made a ton of $ when i was young and liked doing that so i wanted to do it more.
Tim, I've been a silver sub for about three weeks now and have made some nice trades and done well so far, including a sweet +13% on ARTX (would have made more if I'd waited for it to break support). But I haven't seen any of the big-spike penny pumps happening so far. How often do you see them happening? Cool, big spike penny pumps were every day in dec, jan, feb...they'll be back but u just missed the busiest season in 15 years.
How would you invest / what would you buy for $100 ? I'd buy a good sushi lunch for that amount, it's too low for stocks.
How much does it cost to become one of your students? Go look Link to timothysykes.com prices rising soon too so i'd lock in current prices for life if i were u.
I should've clarified, how much is it to become one of your millionaire challenge students? Depends, we offer different options, gotta apply and be accepted first anyway.
Differences between the Tim Sykes Challenge and the silver membership? See Link to timothysykes.com
Do you regularly give talks/seminars at colleges and universities. Would you ever consider coming to a smaller university to give a lecture on stock trading and smart investing? Yes hit up Link to timothysykes.com
What do you think about forex? I just started larning about forex, because here in méxico there is not much information about penny stocks; and As i said before I want to make the amount to take you challenge. Too low odds of success for me to care.
How backed up are your email responses for trader challenge requests? And what is the difference between silver and being accepted into the challenge. And by differences i'm referring to benefits. 75,000 emails or so.
Thoughts on fspm? Below technical resistance so its irrelevant.
When you were growing up Tim, in your teens, did you look into the future and want to be wealthy? Was it a dream of yours to be where you are today or did you decide so much later on? Always wanted to be wealthy, thought i needed to go to a good school & get job on wall street to make it happen.
When you first started out.. How did you handle the stress when you weren't trading? I'm having some crazy up days $12k+ and then when I make a shitty trade and lose $3k I wanna throw something... No stress if u stick to rules...i didnt have rules at first and that was stressful...i didnt have a mentor either...luckily for u with me in the picture u now have both :)
Dear Tim, I have a dream of making an automated trading machine out of your system, I have experience and the trading floor access. In your opinion, why shouldn't it work ? (I can automate: market research, stock picks, technical indicators, risk management, money management etc.) Do it up, i'm sure it would work I just havent had the time and I'm more interested in teaching people to be self-sufficient.
When did you start trading? Go read Link to timothysykes.com and stop being so lazy.
Would you accept a deal to start being your student? I sent an email but i'd like to know what do you think, if the answer is not, it's ok; but i want to know what do you think; No time for deals, only looking for dedicated students.
Any plans to expand the conference / speaking opportunities for you and your other gurus? I loved the Vegas event and think there is a large opportunity for smaller, regional Saturday events. Thoughts? Ha nah in person events are a biatch, focus on online teaching is better.
I have to ask how often do you check twitter for hot news/tips? Also have you heard of Mark Gomes he is more like long term investor. I can't do margin on my ira so lose out on a lot of opportunities when trading. Gotta let the funds settle. I could care less about news/tips, I'm ALWAYS searching for good patterns though.
Amazing call on artx I'm now number 1 in my finance class stock game Nice!
I'm 23 years old, looking for stock investment options. What type of stocks should I be looking at with about $500 to spend? Nothing, forget about investing with $500 and learn trading, watch these free videos Link to tim.ly
On a $15,000 account, what position size ($) would you risk, max, and what % gain target would you shoot for to minimize risk in partial fills/no-fills? I know this depends greatly on volume. I am more aggressive in my trading when my account is small, I'd use 30-50% per play but watch the play like a hawk...for example I shorted ARTX yesterday at 4.50, today it dropped to 3.90...if i had $15k I would've shorted 1,500 at 4.50 and tried to cover at 4ish today to lock in $750 profit...then rinse and repeat and gradually grow the account.
How much money do you have in your checking account right now? I dunno exactly, a few million last time I checked.
How often do you take money out of your trading account to spend? monthly, quarterly, annually or as needed? Annually.
Hey Tim I am a big follower of yours on twitter and am considering purchasing your news letter. I got lucky and got in some marijuana stock in November and pretty much didn't look at it until February when I sold. I quickly found out how lucky I was afterwards by not taking profits on other stocks I had purchased. I was looking for another 10 bagger and quickly realized how rare it is for that to happen. My question for you is what type of percentage gains do you look for before securing profit? Nice, normally i go for 10-30% gains, watch Link to tim.ly
What is the best product on your site to strictly see your stock picks? The best bang for my buck? My newsletters at Link to timothysykes.com but picks do little good without knowledge/education behind WHY I am trading them.
Last one from me. I know you say to not be long before ERs but what do you think about Facebook with their upcoming ER ? Last time they jumped $10 but with the WhatsApp acquisition their stock has fallen back to where it was before last ER. Don't guess on earnings.
You say college is useless, and I agree. What do you think should change in the education system to make it more relevant? I'm doing EXACTLY what i think more teachers and their students should be doing.
What's the douchiest thing you've ever seen? Too many characters needed, basically any Wall Street/Murray Hill party/event.
What would happen if too many people caught on to your short sale strategy? What strategy would you then adopt? I was hoping that would happen when I first got into teaching so I could get more sleep! Sadly only a few people take the time to learn...I also buy and am up 100% in 4 months in 2014 mostly buying too.
Where can I find more information about the event in Harvard? Just moved to Boston. U cant it sold out within minutes but we'll have it recorded for ya!
Thank you for the AMA and your reply. I bought your DVDs recently, but haven't finished. What ratio would you say your income is based on, trading vs. teaching? I ask because I think I would prefer teaching, but I need to learn first. So should I be learning to teach, or learning to just invest personally? Teaching vs trading is something like 10-1...the cool thing is EVERYONE wants to be rich, the sad part is not many are willing to study hard to get there.
Hey TIM, I am a Pennystocking Silver member for about 2 months now and have been trying to figure out what is the maximum size position you can take when long on a stock? How do you know when to buy 100 shares or 100,000 shares? I have been making sure not to buy more than 2% of a stocks daily trading volume, I think I heard that in one of your DVDs, is that accurate? There is no set maximum or minimum, every play is different...just gotta be comfortable and understand your risk/reward BEFORE making the trade and then stick to the rules during the trade.
Any recommendation to control overtrading? Btw I am flying all the way from Miami to Boston to be at Harvard on saturday, someday not too far I will be one of your top students :) As I say in my Link to timothysykes.com DVDs, I try to think of myself as a retired trader who only comes out of retirement for the perfect setups when I know I'll feel guilty missing...otherwise I'm retired ALL the time, understand?
In An American Hedge Fund you mention that you met a trading coach at a large hedge fund you were interviewing for. Later you said you bought all his books. Would reccommend his books/ mind sharing his name? It was Dr. Ari Kiev, sadly he died, but he's written some great books, use Google.
Besides your book that I enjoyed, do you have a few other books you would recommend? Yes go read Link to investimonials.com
How did you know to short it since it gapped down right at open? I shorted yesterday, see my video lesson I sent out mid-day yesterday too.
How long do you think BIOF will stay up before it will start going down? and what is holding it so far? Irrelevant chart pattern, gotta focus on Link to tim.ly patterns if you want better odds.
Tim! Which actress do you think is the hottest? I like Scarlett Johansson a lot! (and thanks for changing my life!) Nobody can compete with my girlfriend :)
Make sure she reads that post ;) I will :)
Who would win in a fight you or superman(supertrades)? Superman, he's strong and fit, I'm overworked and out of shape.
Here's my question: What is your favourite stock? Also you should come into this chat: Link to webchat.freenode.net. It is the official unofficial chat for /wallstreetbets -- a sub which adores your trading style. Thanks for taking the time. Link to tim.ly
Hey Tim, huge fan, ive watched ALL of your DvD's expect for the how to read SEC filings. And i've been following your exact strategy for finding stock picks that you showed in your TIMfundamentals part deux DvD but i never find the same one's that you trade, for example ARTX did not come up on my watchlist. Did you change your strategy on finding stock picks? If so, what's new? Link to profit.ly
Have you ever considered world domination? Nah thats boring, my focus is world education.
I haven't read all about the challenge information yet, but how much is the amount I have to bring in ? Different for everyone first u need to apply and get accepted Link to tim.ly
Can you make a gif animation of you flying to da moon and post it every time you tell us your stock picks? Sure I'll put it on my to do list.
Tim I am I college student and I started trading this year mostly because of your story. I have bought into the company TWD (tweed marijuana inc.) Do you have any suggestions for me? Ps, they're all just haters. Cool, the companies don't matter and TWD's chart is a mess, focus on Link to tim.ly patterns.
Right on, is the Vegas conference going to be a DVD also this year or is that the video you are talking about? BTW can't wait for the conference this year hopefully its the best one yet. Nah brand new DVD going over all the basics.
I'm low on funds so more newsletters or getting equity feed? About the same price so just pick one Data is cheap, good information from newsletters is more useful, use Link to tim.ly sale while its still on.
Hey Tim, I was accepted to your challenge but was unaware about needing $7500 to begin. Any way around that? I think what you do and how you help people is great. I'm guessing you have someone answering your emails so I thought this was the best way. Thanks. Gotta invest in your financial education, my program is a steal given the value of what u learn...skimp out on everything in life, but not education.
To start off, you are my biggest inspiration for trading stocks. That being said, in the future I would love to trade with you like Tim G and your other students in the Maldives or other crazy places you go. I currently trade my own strategies and am making pretty good money. Do I need to become one of your challenge students to hang out/trade with you? Yup Link to tim.ly students get first dibs on everything.
Hi Tim, TimAlerts subscriber here, When you started out with $12,500 what was the lowest your account went to in the beginning, did your ever drop below $10,000 ? Go and look at the first 1,000 blog posts on Link to timothysykes.co i tracked EVERY trade.
Hello Tim, Big fan here & Silver Subscriber! Been watching a lot of your videos and I've read your book. I live in Denmark, so a lot of brokers won't accept me as a customer. Only broker I can find is SureTrader. What do you think? Cool i use suretrader they have shorts every now and then.
Do you lift? I used to, no time now.
Tim! I've been following you now for a while and have learned a great deal from you! I live in Boston and would love to come see your talk! Is there ANY WAY I can get a ticket?? Cool, sorry my Harvard talk sold out within minutes, but it'll be recorded.
What trading platform do you use? Read Link to tim.ly multiple brokers.
What is the best path i should take if i want to be sitting beside you on your next yacht adventure? Apply at Link to tim.ly then study your butt off!
Do you watch game of thrones? If not you should get on it. Yes its great, wish I had more time to watch them all a second time.
What do you think about the wild west of cannabis stock trading and do you think that it stands apart from the internet .com boom since it is ACTUAL product as opposed to a dozen guys in an office? Are they good for long term investments aside from possible law retractions being an obvious danger? Just the latest stock market sector craze, little different from nanotechs, 3d printing oil, gold, ethanol, alternative energy...pump and dump, NOT longterm holds.
How long will your 60% off newsletter be on? I want to buy it but my money is locked up in the market and will take about a week for me to have enough to get it. tia Just a few days more we cant have Link to tim.ly sale last forever!
Thanks for doing your AMA Tim! I currently am a TimAlerts subscriber and saving money to start trading some day as a (succesfull) European student of yours. I saw you are going to speak at Harvard in a few days, will there be a video of it afterwards? Cool yes my Harvard speech will be recorded!
Why are they not longterm holds? because its the early stages of the industries development? Theyre mostly scams and pump and dumps, development my ass LOL.
Any plans on doing a seminar anywhere on the West Coast some time soon? Yes hit up Link to timothysykes.com to be added to the earlybird list.
Question - how did you manage to post losses of almost 40% in '06/07 when the market was doing so incredibly well? I'm a short seller for one and second read Link to tim.ly I detail my losses in depth.
Timothy. My mentor. Why your loosing trades show profit in your page ? 4/10 MDBX $23.25 $22.1 $4365. Tell me how you enter at 23.25 and exit at 22.1 making $4365 in profit please. You have to teach me this magic !! It's called short selling you incredible nitwit.
How much money do you make in a year from your DVDs, trading challenge, and subscriber alerts? Link to mixergy.com
I lost 70% on SPLI, 40% on ERBB, and, 40% on MYEC, and 30% on MINE, should i hold? Sorry to hear, they can always come back, but I wouldn't bet on it...gotta learn my Link to tim.ly rule #1 cut losses quickly.
I'm a college senior. Would you recommend me working at an investment bank or tech startup? Do both, make connections everywhere.
What characteristics do you look for when people apply to your "Tim Challenge?" Dedication, ability to follow instructions, hunger for immense wealth.
How many cars do you have? I have 2, a Lamborghini and Porsche.
Is e-gear hard to drive? I have a automatic setup on my cayman s. Nah its easy.
Can you annotate a chart of any instrument with price action or indicators? Yes.
Tim, you have mentioned you have students from outside the US. Have you recommended them any brokers in particular or do you happen to know witch they use? Trading the OTC seems to be a common problem for us folks outside the US. Any input on this would be appreciated. My preferred Link to tim.ly all accept international customers.
Hi Tim, NEWBIE. What brokerage account do you recommend? Thanks Read Link to tim.ly
Actually didn't know that. Thank you for your time Tim. YES!
Can my girlfriend borrow $500 to adopt her dog? Nope.
Hey Tim, I am a Pennystocking Silver subscriber and newbie to trading, and have been studying your teachings for about a month. Thank you for doing this AMA. In your book you say that the most valuable classes you took in college were micro and macro economics. I am an econ major and am curious as to how you apply econ theory to trading. Why do you value those classes so much, and what is the most important economic concept you apply to trading? Cool always important to know supply/demand, that basically sums up all of penny stocks.
Last updated: 2014-04-26 15:42 UTC
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