#Ayondo Holding

[jacobhinkley]

Bitcoin Price Watch – Currency Drops to $8,900

Bitcoin has fallen by roughly $400 and is now trading for $8,900. Yesterday, we discussed potential resistance between the $9,000 to 9,300 range, and now that speculation is crossing into reality, though it’s unclear if the currency is slated to stay here for much longer.

Prior to the drop came a bitcoin trading ban in Iran. The country has long allocated fears and rising concerns due to money-laundering, volatility and the loss of investor assets, and now it appears they’ve become too much to bear. Crypto trading – predominantly bitcoin trading – was halted in Iran earlier this week, and now the country is issuing a state-based virtual coin to help boost the country’s economy.

Iran’s national form of fiat – the rial – ultimately plunged following President Trump’s pressure on European nations to assist the United States in rebuilding the nuclear deal it presently holds with Iran. Trump will decide on May 12 whether the U.S. should pull out of the deal, and sanctions are expected that could cripple Iran’s financial infrastructure. The digital currency it’s now issuing is a “back-up plan” that representatives and state officials have had in motion since February.

Iran’s information and communications technology minister Mohammad Javad Azari-Jahromi explains:

“Last week, at a joint meeting to review the progress of the local cryptocurrency project, it was announced that the experimental model was ready. The Central Bank’s ban does not mean the prohibition or restriction on the use of the digital currency in domestic development. The CBI ban on bitcoin dealings was made due to concerns that the volatility in the crypto market could lead people to lose their assets. Bitcoin is not the one and only cryptocurrency.”

The good news is that bitcoin is slated to survive this setback and mark a path towards $12,000 by summer. It’s the first objective of the coin on its way towards higher record prices, though it appears these records are dependent on external factors. For now, the currency continues to react in a mostly positive manner towards trends, news and political data, but investors are warned to stay cautious.

Presently, support sits at $6,000, thus cancelling any bearish objectives. Granted this breaks down, however, downward motion is expected in bitcoin’s future, though this isn’t to be expected immediately. In fact, bitcoin could rise as high as $13,000 following its $12,000 jump, followed by $15,000 and $16,000 respectively.

Despite this, reactions to cryptocurrencies and the outcomes they present remain relatively mixed. A new report issued out of Hong Kong, for example, declares the risk factor with cryptocurrencies as “medium-low,” saying that while volatility exists, bear patterns and financial crime are not presently strong enough to increase risk levels within the region.

On the other hand, Vinay Sharma – senior trader at Ayondo Markets – feels that the “buzz around cryptocurrencies is dissipating,” and that the “question of their use and viability” remains intact.

“In my view, the chances of crypto being used as a viable medium of exchange in the future is very slim,” he stated. “In my opinion, cryptocurrencies aren’t really currencies at all, with volatility so high they become assets that traders and investors can speculate on, and I imagine this will continue to be true in the long term.”

Bitcoin Price Watch – Currency Drops to $8,900 published first on https://medium.com/@smartoptions

[fxasker-blog]

WHAT SPREADS DO BCAPITALSFX OFFER ON TRADING PLATFORM?

WHAT SPREADS DO BCAPITALSFX OFFER ON TRADING PLATFORM? Read More http://fxasker.com/question/e0a56e1e6f8f65a0/ FXAsker

[tokiomaru-blog]

what is it and how is it changing the market?

New Post has been published on https://forexsuccesstips.net/what-is-it-and-how-is-it-changing-the-market/

what is it and how is it changing the market?

Market traders have always needed to be acutely aware of macroeconomic trends and company news. As a result, stock, commodity and currency trading has long been the preserve of dedicated professionals and those wealthy enough to pay them.

Social networks and online communities have gradually eroded this exclusivity, giving birth to social trading in which people share strategies. On Reddit, the stocks thread has 371,000 people discussing what they buy and sell.

David Myers, head of Deloitte UK’s capital markets practice, says social trading is part of a much wider trend towards increased transparency and open information. “Just as people are looking to invest in companies with more responsible, sustainable and diverse operations, access to open information has become a focal point,” he explains.

Social trading brings word-of-mouth credibility

While many investors still tend to favour safer options for investing money, according Mickael Tabart, partner at KPMG Luxembourg, social trading is making waves in fund management, particularly for younger users. He says: “The data captured by the technology used on the platforms has given rise to new, unbiased ways of reporting performance that make the link between costs and return much clearer for the investor.”

Given that the individuals in many online communities are not rated, dedicated platforms have been built to showcase traders’ performance and allow users to copy their actions. One platform, eToro, has grown to ten million users trading multiple asset classes.

A fundamental benefit of social trading is front of mind for consumers: “The people you are copying are investing their own money in the strategy,” explains Iqbal V. Gandham, UK managing director at eToro. “This is unlike traditional fund managers, many of whom may not be investing their cash in the funds they’re getting customers to invest in.”

In addition, the desire for recommendations in different aspects of our lives has been a powerful force, Mr Gandham says. “If you want to go to a good restaurant, you might ask a friend who knows the best ones. Or to do better in the gym, you’d try and find a well-rated personal trainer. We are so used to asking advice and seeking ratings, but it’s only since social trading that this has become available for investments,” he says.

A fast-growing aspect of eToro’s operations is mirror trading, whereby customers can automatically execute the same buy, hold and sell decisions of those they are following. “Previously, people looking to trade would have had to trawl through newspapers and tip sheets to study company performance, but now they can quickly copy experts,” says Mr Gandham.

What are the drawbacks of social trading?

Social trading, on eToro and other large platforms such as ZuluTrade and ayondo, offers previously unseen market accessibility, alongside the ability to earn money without significant time or capital outlays. There is also potential for those who become expert traders to generate revenue by being copied.

There are, however, clearly some substantial downsides that must be considered. A major problem, Mr Myers notes, is that people are sometimes investing their own money based on the decisions of someone who is not a qualified expert, a particular concern on social networks where there is no performance history. On the Reddit stocks thread, one user counsels: “Take what you read with a pinch of salt.”

People may also be tempted to bring in excessive leverage to boost their investments, particularly in foreign exchange. While loans can significantly increase any gains made, they also magnify losses. And no matter how smart the people being copied are, there is the potential for the investment value to nosedive. Some 67 per cent of people polled by the website Social Trading Guru said they have lost cash, with impatience and rapid use of leverage shouldering part of the blame.

As such, it is advisable for new traders to limit early investment, choose risk and leverage carefully and take up the opportunity to copy several traders so any losses may be balanced out. “Making sure users have the right financial education to make decisions is a priority,” notes Mr Tabart at KPMG. “Retail investors should at least be familiar with the ground rules, like diversification of portfolio, before starting to use the service.”

Providing valuable data for investment firms

With a healthy weighing up of the pros and cons, social trading clearly offers good potential for retail investors. They are not the only ones who stand to gain, however. Professionals are yielding insight into market mentality, shifts in momentum and signs of where activity might be heading as part of the total information that banks and funds routinely trawl through.

Deloitte expects this set of “alternative data” to be a $7-billion market by next year. “There is significant sophistication already, with investment firms tapping into masses of online comments on customer satisfaction around products and looking at satellite images of shopping malls to monitor their popularity,” Mr Myers explains. “Many use advanced analytics to identify new patterns.”

Among the companies making this possible is the French financial technology firm SESAMm, which analyses billions of alternative data points from more than two million online social messages, news items, articles, images and videos, distilling it rapidly into actionable insights for investors.

“Hedge funds, investment banks and asset managers use our machine-learning and natural-language processing to understand market sentiment,” says Sylvain Forté, chief executive of the company. “We analyse the data to present different use cases, which can be as simple as saying ‘buy and hold’, or it could relate to a stock picking strategy or forex hedging.” As recently as three to five years ago, Mr Forté adds, “none of what we do now was possible”.

Firms setting up their own social platforms

A number of large institutions are also keen to offer their own social trading platforms to win and retain new customers. TradeSocio is one firm at the cutting edge, supplying mobile and desktop social trading and robo-advisory platforms to banks, brokerage houses and fund managers, that in turn present them to customers ranging from individuals investing £10 right up to those with considerable wealth.

Wael Salem, chief executive of TradeSocio, explains that financial institutions see clear benefit in offering mobile access to trading strategies for myriad instruments, backed by openly measured risk management and deep investor communities.

“Fund managers need to reduce the cost of acquiring customers and of retaining them, and they are seeking to increase customers’ lifetime value,” he says. “Social platforms lead to much cheaper customer acquisition, and people are often persuaded to stay by having a mobile app, strong interaction with other users and the possibility to easily partake in professionals’ strategies.”

Using social trading in all its forms, consumers have their sights set on growing their wealth by copying the strategies of experts. The gains made by many will be significant, but so too will be the losses of others who fail to manage risk. As millions more social traders hit the markets, professional fund managers will pour money into better analysing the total data available, so they can be ahead of shifts in market sentiment.

Source link Forex Trading Tips

[dailycryptonews-blog]

Crypto News - Bitcoin Price Watch – Currency Drops to $8,900

Bitcoin Price Watch – Currency Drops to $8,900 Bitcoin has fallen by roughly $400 and is now trading for $8,900. Yesterday, we discussed potential resistance between the $9,000 to 9,300 range, and now that speculation is crossing into reality, though it’s unclear if the currency is slated to sta... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Bitcoin Price Watch – Currency Drops to $8,900

Bitcoin has fallen by roughly $400 and is now trading for $8,900. Yesterday, we discussed potential resistance between the $9,000 to 9,300 range, and now that speculation is crossing into reality, though it’s unclear if the currency is slated to stay here for much longer.

Prior to the drop came a bitcoin trading ban in Iran. The country has long allocated fears and rising concerns due to money-laundering, volatility and the loss of investor assets, and now it appears they’ve become too much to bear. Crypto trading – predominantly bitcoin trading – was halted in Iran earlier this week, and now the country is issuing a state-based virtual coin to help boost the country’s economy.

Iran’s national form of fiat – the rial – ultimately plunged following President Trump’s pressure on European nations to assist the United States in rebuilding the nuclear deal it presently holds with Iran. Trump will decide on May 12 whether the U.S. should pull out of the deal, and sanctions are expected that could cripple Iran’s financial infrastructure. The digital currency it’s now issuing is a “back-up plan” that representatives and state officials have had in motion since February.

Iran’s information and communications technology minister Mohammad Javad Azari-Jahromi explains:

“Last week, at a joint meeting to review the progress of the local cryptocurrency project, it was announced that the experimental model was ready. The Central Bank’s ban does not mean the prohibition or restriction on the use of the digital currency in domestic development. The CBI ban on bitcoin dealings was made due to concerns that the volatility in the crypto market could lead people to lose their assets. Bitcoin is not the one and only cryptocurrency.”

The good news is that bitcoin is slated to survive this setback and mark a path towards $12,000 by summer. It’s the first objective of the coin on its way towards higher record prices, though it appears these records are dependent on external factors. For now, the currency continues to react in a mostly positive manner towards trends, news and political data, but investors are warned to stay cautious.

Presently, support sits at $6,000, thus cancelling any bearish objectives. Granted this breaks down, however, downward motion is expected in bitcoin’s future, though this isn’t to be expected immediately. In fact, bitcoin could rise as high as $13,000 following its $12,000 jump, followed by $15,000 and $16,000 respectively.

Despite this, reactions to cryptocurrencies and the outcomes they present remain relatively mixed. A new report issued out of Hong Kong, for example, declares the risk factor with cryptocurrencies as “medium-low,” saying that while volatility exists, bear patterns and financial crime are not presently strong enough to increase risk levels within the region.

On the other hand, Vinay Sharma – senior trader at Ayondo Markets – feels that the “buzz around cryptocurrencies is dissipating,” and that the “question of their use and viability” remains intact.

“In my view, the chances of crypto being used as a viable medium of exchange in the future is very slim,” he stated. “In my opinion, cryptocurrencies aren’t really currencies at all, with volatility so high they become assets that traders and investors can speculate on, and I imagine this will continue to be true in the long term.”

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[kingmindint]

Bitcoin Price Watch – Currency Drops to $8,900

Bitcoin Price Watch – Currency Drops to $8,900

Bitcoin has fallen by roughly $400 and is now trading for $8,900. Yesterday, we discussed potential resistance between the $9,000 to 9,300 range, and now that speculation is crossing into reality, though it’s unclear if the currency is slated to stay here for much longer.

Prior to the drop came a bitcoin trading ban in Iran. The country has long allocated fears and rising concerns due to money-laundering, volatility and the loss of investor assets, and now it appears they’ve become too much to bear. Crypto trading – predominantly bitcoin trading – was halted in Iran earlier this week, and now the country is issuing a state-based virtual coin to help boost the country’s economy.

Iran’s national form of fiat – the rial – ultimately plunged following President Trump’s pressure on European nations to assist the United States in rebuilding the nuclear deal it presently holds with Iran. Trump will decide on May 12 whether the U.S. should pull out of the deal, and sanctions are expected that could cripple Iran’s financial infrastructure. The digital currency it’s now issuing is a “back-up plan” that representatives and state officials have had in motion since February.

Iran’s information and communications technology minister Mohammad Javad Azari-Jahromi explains:

“Last week, at a joint meeting to review the progress of the local cryptocurrency project, it was announced that the experimental model was ready. The Central Bank’s ban does not mean the prohibition or restriction on the use of the digital currency in domestic development. The CBI ban on bitcoin dealings was made due to concerns that the volatility in the crypto market could lead people to lose their assets. Bitcoin is not the one and only cryptocurrency.”

The good news is that bitcoin is slated to survive this setback and mark a path towards $12,000 by summer. It’s the first objective of the coin on its way towards higher record prices, though it appears these records are dependent on external factors. For now, the currency continues to react in a mostly positive manner towards trends, news and political data, but investors are warned to stay cautious.

Presently, support sits at $6,000, thus cancelling any bearish objectives. Granted this breaks down, however, downward motion is expected in bitcoin’s future, though this isn’t to be expected immediately. In fact, bitcoin could rise as high as $13,000 following its $12,000 jump, followed by $15,000 and $16,000 respectively.

Despite this, reactions to cryptocurrencies and the outcomes they present remain relatively mixed. A new report issued out of Hong Kong, for example, declares the risk factor with cryptocurrencies as “medium-low,” saying that while volatility exists, bear patterns and financial crime are not presently strong enough to increase risk levels within the region.

On the other hand, Vinay Sharma – senior trader at Ayondo Markets – feels that the “buzz around cryptocurrencies is dissipating,” and that the “question of their use and viability” remains intact.

“In my view, the chances of crypto being used as a viable medium of exchange in the future is very slim,” he stated. “In my opinion, cryptocurrencies aren’t really currencies at all, with volatility so high they become assets that traders and investors can speculate on, and I imagine this will continue to be true in the long term.”

Source

The post Bitcoin Price Watch – Currency Drops to $8,900 appeared first on Bitcoin Geek.

via Kingmind Bitcoin Price Watch – Currency Drops to $8,900

[greggory--lee]

O-Systems Announce Launch of Retail Cryptocurrency Trading Platform

O-systems have announced the launch of Cryptency, a cryptocurrency trading platform for online brokers. The cryptocurrency trading platform has been released following a dramatic increase in the number of forex and contracts-for-difference (CFD) brokers launching bitcoin and altcoin pairings.

Also Read: Major Russian Forex Broker Alpari Launches Bitcoin Trading Pairs

Cryptency Is Designed to Comprise a Complete Solution for Online Finance Brokers Hoping to Integrate Cryptocurrency Trading Markets

Producer of forex and CFD online brokerage solutions O-systems has launched a cryptocurrency trading platform designed for online brokers. The platform will be launched in cooperation with Vista Brokers, an international investment and brokerage company registered in the European Union and licensed with the Cyprus Securities and Exchanges Commission. The launch of Cryptency comes after the release of O-systems’ new binary options, forex and CFD trading platform, Osysfx.

Cryptency is designed to comprise a complete solution for online finance brokers hoping to integrate cryptocurrency trading markets, offering margin trading in addition to exchange trading functionality. Following six months of development, the platform claims to offer ‘in-built KYC compliance’, and dedicated custom relationship and risk management systems. The platform has been built for cryptocurrency token trading, as opposed to the CFD, binary options and futures trading platforms previously offered by O-systems.

Cryptency features charting capabilities, indicators, widgets, and can support dynamic content such as social news streaming. Although the platform will be able to facilitate both fiat and cryptocurrency deposits, Cryptency supports cryptocurrency/cryptocurrency pairs only.

The Introduction of Cryptency Follows Numerous Forex and CFD Brokers Launching Cryptocurrency Trading Pairs in Recent Months

The platform serves as a single interface for trading 860 different cryptocurrencies via bridge connectivity to many major exchanges, including Bitfinex, Kraken, and Poloniex. As such, some within the cryptocurrency community have suggested that there is little incentive to use a third party in order to access major cryptocurrency exchanges, presenting a significant potential barrier to the success of brokers who attempt to enter the cryptocurrency markets via Cryptency.

The introduction of Cryptency follows numerous forex and CFD brokers launching cryptocurrency trading pairs in recent months. In a recent interview, CEO of Blockex, Adam Leonard, discussed many of the risks associated with cryptocurrency CFDs, arguing that cryptocurrency token integration comprises a far less risky way for brokers to introduce virtual currency trading.

With Apari, Panda Trading Systems, Henyep Capital Markets Group, Ayondo, Plus500, Avatrade, FXOpen, XTB, JFD Brokers, Instaforex, and many other CFD and forex brokers introducing cryptocurrency trading pairs in recent months, it is likely that platforms such as Cryptency will lead to many more brokers offering cryptocurrency trading in a bid to avoid falling behind their competitors.

Do you think that retail cryptocurrency trading platforms will be popular among online brokers? Share your thoughts in the comments section below!

Images courtesy of Shutterstock and O-Systems

Need to calculate your bitcoin holdings? Check our tools section.

Source link

Source: http://bitcoinswiz.com/o-systems-announce-launch-of-retail-cryptocurrency-trading-platform/

[fxasker-blog]

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what commission will i be charged for trading on sberbank trading platform? Read More http://fxasker.com/question/68e14623b7c5acf4/ FXAsker

[greggory--lee]

Major Russian Forex Broker Alpari Launches Bitcoin Trading Pairs

Alpari Group, Russia’s largest native forex broker, has announced the launch of two bitcoin trading pairs, with the company now offering BTC/USD and BTC/EUR CFDs to traders. Alpari Group joins a growing list of international forex and CFD brokers that have introduced cryptocurrency trading markets in recent weeks.

Also Read: Investment Funds That Offer Cryptocurrency Exposure See Big Gains

The Introduction of Bitcoin Derivatives Trading Is of Prescient Timing for Alpari

Alpari Group is a forex and contracts for difference (CFD) broker that is licensed in Belarus, Belize, Mauritius, and Russia. Alpari has launched BTC/USD and BTC/USD trading pairs this week, joining a growing list of international derivatives markets that have begun to offer cryptocurrency trading products.

The company was founded in 1998, and since 2014 it has been recognized as the largest Russian Forex broker based upon monthly turnover and number of clients. Despite its Russian success, Alpari has seen significant struggles in recent years – following the insolvency of its UK entity and the revocation of the company’s United States National Futures Association and subsequent exit from the US markets.

The introduction of bitcoin derivatives trading is of prescient timing for Alpari, following recent announcements that Russia is developing a regulatory framework for bitcoin and cryptocurrencies. Many commentators are skeptical that Putin’s Russia will fully embrace bitcoin, as cryptocurrency has the potential to further erode the Russian state’s ability to exercise centralized control over financial circulation.

Alpari Group Has Become the Latest Major International Forex Broker to Introduce Bitcoin Trading Pairs

From the perspective of the Russian state, encouraging bitcoin-based trading could facilitate growth in Russian fintech firms like Alpari – allowing such to cash in on the growth of cryptocurrency without promoting the disruptive potential of free and direct cryptocurrency trading, or risking encouraging direct competitor to the national cryptocurrency that Russia has announced it is developing.

Alpari has joined a growing list of international forex and CFD brokers who have recently launched bitcoin and cryptocurrency trading pairs. Israeli-based Panda Trading Systems also announced the introduction of seven cryptocurrency CFD products this week, with Panda’s Ori Hazan stating that Panda is “very pleased to be a part of this exciting new direction the online trading industry is taking. Cryptocurrencies have been on our radar for quite a few years now, but they finally seem to be moving into mainstream adoption and we’re ready for this change.”

In recent weeks HYCM has launched bitcoin derivatives trading to UK, Dubai and Cyprus customer, with Ayondo, Etoro, Plus500, and many other CFD brokers also introducing cryptocurrency CFD markets in recent months.

Do you think that Russia will encourage cryptocurrency trading through derivatives whilst attempting to limit the direct use cryptocurrency by its citizens? Share your thoughts in the comments section below!

Images courtesy of Shutterstock and Apari

Need to calculate your bitcoin holdings? Check our tools section.

Source link

Source: http://bitcoinswiz.com/major-russian-forex-broker-alpari-launches-bitcoin-trading-pairs/