#plus500 explained

[tradingplatform123]

5 DAY TRADING PLATFORMS TO TRADE ONLINE FROM HOME

The day trading platforms have revolutionized the stock and currency markets to unimaginable point, so if you are interested in learning more about this market, it is important to familiarize yourself with them as soon as possible. So, I suggest a site for more about day trading platform https://returnsseeker.com/best/online-financial-planners/.

These online day trading platforms have had a great impact on the current generation, and therefore it is not surprising that there are more and more quality offers at your fingertips.

In turn, this has generated more and more people with specialized financial education , or fully prepared to operate in the foreign exchange market successfully.

What are day trading platforms and what are they for:

Before continuing you need to know that day trading platforms are tools to operate in the markets through the Internet.

In essence, they are applications that show you the movement of the prices of the different financial instruments that are available to them.

This means that if you are a trader, you have the opportunity to analyze the market and then trade based on your own trading or exchange system.

In simpler words: day trading platforms allow you to open and close orders tailored to your particular requirements.

Another important point that you should know is that they can be differentiated according to their purpose; So there are Intraday Operative, Market Analysis and Social Trading day trading platforms.

Understanding Contracts For Difference:

Before introducing you to some of the best day trading platforms of the moment, it is necessary to contextualize the subject a little more, so that you can successfully capture all its essence.

In this sense, it is imperative to explain what Contracts for Difference are - better known by their acronym in English as CFDs - since today most of the negotiations that take place on these platforms are through them.

Contracts for difference:

By definition they are contracts that are established between two parties (the seller and the buyer). The seller must pay the buyer the difference between the current value of an underlying asset, as soon as the contract is completed. But if this difference is negative, it will be the buyer who must pay the seller.

As for the type of asset, it can be a currency, bond, index, share, cryptocurrency , or other financial instrument subject to trading on the platform.

These types of financial derivatives allow traders to take advantage of price increases to carry out long operations, or price decreases, to carry out short operations.

List of day trading platforms:

In the next few lines we will present you 5 trading platforms that operate today, and that will allow you to trade from home.

Each one has its advantages and disadvantages, so take a look at each one before choosing which platform to trade.

1. Plus500:

2. eToro:

3. IQ Option:

4. xtb:

5. Avatrade:

Trading platforms at your fingertips:

The 5 day trading platforms that we have just presented will allow you to trade in large and important financial instruments in the most important markets in the market.

However, it is important to clarify that, if you do not have enough knowledge or the necessary training, you will put your capital at risk. So make sure you don't have the money that you are going to need.

The final recommendation is that you start with demo accounts, so that you understand how the platform works, understand the market and identify how you react to its volatilities; After doing this, you can start working with real money.

[fxasker-blog]

How Do I Transfer Funds To And From My Funds With Emergowealth?

How Do I Transfer Funds To And From My Funds With Emergowealth? Read More http://fxasker.com/question/fb819f20187d59e6/ FXAsker

[primorcoin]

New Post has been published on https://primorcoin.com/crypto-asset-manager-grayscale-launches-future-of-finance-etf-in-partnership-with-bloomberg-finance-bitcoin-news/

Crypto Asset Manager Grayscale Launches 'Future of Finance' ETF in Partnership With Bloomberg – Finance Bitcoin News

Grayscale Investments has launched its first exchange-traded fund (ETF). The Grayscale Future of Finance ETF “seeks to invest in the companies and technologies shaping the ‘future of finance.’”

Grayscale’s First ETF

Grayscale Investments, the world’s largest digital currency asset manager, announced Wednesday the launch of its first exchange-traded fund (ETF) called Grayscale Future of Finance ETF (symbol: GFOF).

The company explained that its new ETF “seeks to invest in the companies and technologies shaping the ‘future of finance.’” In addition, it is “the first equity ETF to track the investment performance of the Bloomberg Grayscale Future of Finance Index.”

David LaValle, global head of ETFs at Grayscale Investments, opined:

Through GFOF, investors now have the opportunity to receive exposure to the companies that are pivotal to the evolution of the global financial system.

22 Holdings but No Microstrategy

The fund has 22 holdings as of Feb. 2. The top holdings are Paypal Holdings, Coinbase Global, Silvergate Capital, Robinhood Markets, Block (formerly Square), Plus500, Argo Blockchain, Hut 8 Mining, Bitfarms, and Hive Blockchain Technologies.

Grayscale’s new ETF’s holdings as of Feb. 1. Source: Grayscale Investments

The Nasdaq-listed Microstrategy, however, is not in the components of the ETF. Grayscale CEO Michael Sonnenshein explained on CNBC Wednesday that “the way we designed this product was to exclude companies that are holding bitcoin on the balance sheet.” Microstrategy bought 660 more BTC on Tuesday, raising the company’s bitcoin holdings to about 125,051 BTC.

Grayscale has selected U.S. Bank as the administrator and service provider for the ETF. Foreside will serve as the ETF’s distributor.

Dave Gedeon, global head of Multi-Asset Indices at Bloomberg, noted that the new ETF product is backed by proprietary data and “robust research from Bloomberg Intelligence,” elaborating:

The Bloomberg Grayscale Future of Finance Index is primed to become the key equity benchmark for our ever-evolving digital economy.

Grayscale currently has $34.6 billion in assets under management (AUM). The company offers 16 crypto investment products. The largest is Grayscale Bitcoin Trust (GBTC) which has $24.8 billion in assets. The latest addition was the Solana trust which was launched in November last year.

In January, Grayscale said it is considering 25 more crypto assets for investment products, bringing the total number of assets under consideration to 43.

What do you think about Grayscale Investments launching its first ETF? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Prime locations to purchase ZIL, the coin that went up 10% in 24 hours

Prime locations to purchase ZIL, the coin that went up 10% in 24 hours

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[financiallymint]

Student guide: Cryptocurrencies

Yep – it’s finally time to talk about cryptocurrencies.

It’s the new craze: people are losing a ton of money, some are making too much money and most have no idea what it’s all about. Cryptocurrencies have been all the hype in the past few years, and it’s important to be on the right end of it. How can you make sure that happens? By knowing. This lil’ guide will get you one step closer to that.

What we’ll be talking about today:

What are cryptocurrencies

The cool benefits

How people make the ££

How to get started in college

WTF are crypto

Cryptocurrencies are funny. No one, not even the banks or the governments, really know how to deal with these weird digital currencies. Some countries are banning it, some are encouraging it and some are too scared to touch it. It’s bloody awesome in my opinion. But why is it so confusing? Why are countries and the rest so dazzled by this new digital currency? To understand the why I’m going to start with explaining the what. What do crypto exactly consist of?

I’m not going to go into huge detail, simply because I am no expert and you honestly don’t need to know every single intricacy. But we’ll do a basic overview of what digital currencies do and some nice resources to expand on at the end.

We can start by explaining the process behind Bitcoin, the first big cryptocurrency. Understanding Bitcoin will help understand the rest of them.

Bitcoin has two different processes: mining and transactions. The mining process is completed by huge computers requiring big amounts of computing and electricity power – mostly done in places like China and Iceland. These big computers do complicated calculations to try and find the right combination for a specific algorithm, called a hash. It’s based on cryptography (surprise surprise): the computer is looking for that specific key to unlock a problem, and as the problems get more complicated, the more electricity, time and energy required to solve it.

Once they find that specific combination, they unlock the hash and are one up on the blockchain. And every time they solve a problem, they earn a certain amount of Bitcoin. The interesting thing is, it’s all a race: the person with the most powerful computer is the one who can go through as many combinations as possible and find the key to the hash, and therefore are the one most likely to solve the algorithm quickly. The first person to solve the problem earns some Bitcoin.

But what if their key to the hash is wrong? To make sure that doesn’t happen, the key must be verified before moving onto the next hash. Computer A says the combination is 6566. Before using that combination to unlock the hash, computer B, C and D (obviously way more in real life) need to verify it. They verify and confirm the combination and bam, computer A gets their Bitcoin. Which is why everyone says a Bitcoin is basically a chain of verifications (blockchain): one problem being resolved and verified after the next.

To make sure the keys are verified, computer B, C and D are rewarded with a bit of bitcoin every time they confirm a hash, encouraging miners to complete verifications.

The transactions

The transactions are the other essential part to the crypto mania. We now have a bitcoin, but we have to give it value and purpose: make it useable and make it transferable from one person to another.

The awesomeness of crypto really appears when we start doing transactions. Daisy wants to give Jimmy a bitcoin. She has an online crypto wallet that only she can access with a unique password, called an address. She goes to an online platform like Coinbase, puts in her address and sends over the bitcoin. But before Jimmy can receive the bitcoin, the transaction needs to be verified to make sure that her bitcoins are legit and do actually resolve the algorithms. The transaction hops onto the blockchain and will be verified by other miners (who’ll be awarded a small amount of bitcoin).

What makes cryptocurrencies different to a normal currency is that these digital coins are not secured by people or trust, they’re secured by maths, by cryptography. The only way Jimmy will ever get his bitcoin is if the key is verified and can solve the algorithm. No one can fake the algorithm or the key, since it’s all down to those huge computers up in China, Iceland, etc. As you can imagine, not having someone control your crypto has some pretty sweet benefits.

Some cool benefits

Hopefully you understand bitcoin and therefore crypto a bit better now. It’s hard to get your head round it, but I find that the more research you do and the more you hear about, the easier it is to understand. Here are some cool benefits:

Anonymity: Since there are so many combinations and encrypted transactions involved, it’s hard to connect the address to a real life person. This is a great benefit if you’re a drug dealer or up on the black market.

Global and fast: You can be anywhere on the world and at any time, all you need is a wifi connection. The confirmation of your transaction takes a few minutes, and you get your bitcoin. This is very beneficial to people who are trying to send money back to their home country and don’t want to pay high fees or wait for months.

Secure: As we’ve discussed before, crypto is all about confirming transactions, so no one can ‘pretend’ to send themselves bitcoin. The strong cryptography and the big numbers make it impossible to hack. Only the owner will ever know the address to their crypto wallet and this changes every time they make a transaction (so you really don’t want to give out your address to anyone). Once the key is verified and on the blockchain, it’s made permanent. The transaction can never be reversed and no one can touch it. If Jimmy sends you 2 bitcoins, you get 2 bitcoins whether you like it or not.

Control: No bank is telling you how much you should own or how you should use it. No one will take your crypto away unless they know your address. You get to control how to use your crypto and it’s pretty hard to track down who used them and for what (which is why countries like China are banning it). Also anyone can have a bitcoin – no matter what your credit score is or how much you owe someone, your bitcoins are still yours and won’t be locked down or taken from you.

The weak points are the currency exchanges: the platforms such as Coinbase and Bitfinex exchanging cryptocurrencies for dollars/euros etc. If you put your money on the exchange and it gets hacked… not good news. This is why it’s always good to have a crypto wallet and not to leave your money on the platforms. This happened to companies such as Coincheck and Mt Gox. Nasty stuff.

How people make money

So now onto the big question: how does one make the dough?

There are several ways, both directly and indirectly. I’m not including things such as ‘write about bitcoin’ or ‘work for a cryptocurrency company’ since mate, that’s kinda obvious. Here are some ways you can earn ££ with ฿฿.

Mining: Go to Iceland, set up a huge ton of computers and mine some crypto. Realistic? Not really. Expensive hardware and high electricity costs mean only big corporations can afford to do the mining. Back in 2010 you could mine bitcoin from your own home computer, but now it’s not a realistic way of earning money. Was just putting out there.

Trading: Crypto’s value is extremely volatile on the market. This means it goes up and down like crazy and is hard to predict. But if you get lucky – you could buy low and sell high. This is similar to stock trading, only much more volatile and risky. You sign up to a platform such as Coinbaseor Plus500, buy a bit of a bitcoin at a low price and then try and sell it at a higher price. Your  best option is to do this with day trading.

Buy and Hodl: This is basically long-term trading. In the stock market it’s called value investingand it’s also something people do with gold: buy and wait till the price goes up. People who bought and held $100 in 2009 would have gained around $17,004. 76 (the memes call it hodling). Some predict the value will rise even more… some predict it’s going to crash and everyone will lose their money. Who knows?

Invest in blockchain ETFs: This is the most attractive option to someone like me: doesn’t want to get their hands too dirty but still wants in on the craze. It’s basically investing into a specific ETF that tracks companies involved in cryptocurrencies. An example is a platform called Reality Shares. Their funds track companies which are working with cryptocurrencies such as Intel, Microsoft and Barclays. So you’re not touching the crypto itself, but investing in the companies that deal with crypto. Pretty sweet.

Here are some of the companies included in Reality Shares’ ETF fund:

Lending: Same as with normal currencies (called fiat currencies), but instead of lending ££ or $$ you’re lending crypto. You lend 1 bitcoin to an individual or a company and they’ll pay you back after a certain amount of time with a certain interest. It is pretty high risk considering the volatility of the market, but could interesting. Platforms such as Salt Lending and ETH Lend do this.

How to get started in college

Aha! My favourite section of all: how to get started as a student. If you’re like me, you’re don’t have a ton of money lying around but still want to get in on the crypto craze. Here are some simple steps.

1- Start with the stock market

Crypto is volatile. Crypto is risky. I’m sorry to be the bearer of bad news, but you really want to treat crypto as an experiment. Meaning only invest with money you can afford to lose. And if you’re a college student, chances are you don’t have much of that. Before even touching cryptocurrencies, learn about the stock market. Educate yourself and start investing in index funds: a safe and secure way to get a good return on investments. You’ll see that many things in the crypto world are identical to the stock market, so starting with the safer option will still be getting you onto the crypto track. Check out my How to get started with investing in college guide.

2- Learn!

You’ve invested in the stock market and now believe you’re ready for the digital world. But before we take any action, we need to be sure we know what we’re doing. As the much loved Warren Buffet said, never invest in something you don’t understand. Sign up to newspapers like the Financial Times, newsletters like CryptoWeekly and some crypto demo platforms like Plus500 or Bitfinex. Ask people around you and see what others have done. Look at the money making methods listed above, which ones appeal to you the most? From there, do some research and see what you need to know before getting started.

3- Experiment

Woohoo! Time for the action. Once again: only experiment with money you can afford to lose(that’s why it’s called experiment money duh). What are you trying to gain from crypto? Do you want to earn some money? Invest in the long term? Do some day trading? With those answers in mind, sign up to the corresponding platform and do some experimenting.

I personally got started in day trading: I put in a bit of money into my Plus500 account and bought some Ethereum, Litecoin and IOTA. The problem was that I didn’t have any goals in mind – I just wanted to see what would happen. So surprise surprise, I lost a good £90. Annoying, but at least I was ready for it.

Start with something small like £100, and then try out new things as you gain more confidence. This is why I love the demo accounts, first you try it with fake money, learn how the platform works and see if it’s worth an investment. Then you decide whether to put your own money in.

Crypto is risky – but that’s what makes it fun and so intriguing. If you’re a college student and enjoy doing money experiments, now’s the time to do it. Learn as much as you can and experiment with a bit of extra money. It’ll go a long way to understand what both the stock market and crypto market is all about; you’ll be ready for the next crash. Banks are getting uncomfortable, countries are tightening regulations and investors are going crazy. Now’s the time to learn all you can about the magical digital currency.

Some cool resources

Best online crypto trading platforms

Blockchain ETFs: Reality Shares, Amplify

Crypto lending platforms

Newsletters: CryptoWeekly, thebitdaily

Awesome cryptocurrency blogs and websites:

Coindesk

Bitcoin Magazine

Crypto Bobby

Read more like this over at Financially Mint

[thestockdorkuniverse-blog]

On the other hand, a contract for difference (CFD) is a derivative product. In finance, a derivative is a contract that derives its value from the performance of an underlying entity or asset. The key difference between stock and contract for difference is explained in a guide to CFD trading by Plus500. In buying and selling CFD positions, there is no need to own the underlying asset. This means that you can’t go around boasting that you own shares of a company like Apple Inc., because a CFD doesn’t afford you that right. Instead, what you have is an agreement between yourself and a CFD provider, wherein you make predictions regarding how the value of the underlying asset (such as shares of stocks) changes over time. An increase or decrease within this period will result in gains or losses for a CFD holder.Read More - https://www.thestockdork.com/stock-vs-stock-cfd/

[michaelbennettcrypto]

Bitcoin Post-Halving Crash Theory Has One Serious Flaw

The Bitcoin price rallied enormously in the weeks leading to its third mining reward halving on May 12, 2020. Many analysts believe the cryptocurrency would undergo a deep price pullback after the event, citing historical patterns. But the fractal ignores one crucial factor that led the bitcoin price lower after the second halving. Bitcoin will undergo a scheduled technical upgrade on May 12 that would dramatically reduce the reward that is offered to the computer operators who “mine” the cryptocurrency by half. The so-called “halving” is a bullish event, at least according to long-term investors and short-term speculators within the emerging Bitcoin industry. Top analysts with astound financial backgrounds anticipate that the third supply rate cut would raise prices exponentially. The upside sentiments take cues from the last two halvings, each of which preceded surplus price rallies, as shown in the graph below. Bitcoin price after the last two halvings Meanwhile, there is also a bearish stigma that comes alongside a halving event. Analysts point that the last two supply cuts sent prices down by double-digit percentages in the leading months. One reason that explains the post-halving price drops is the cost of mining which gets doubled. “Miners” who were operating via older mining machines can no longer adjust to the new upgrades in the Bitcoin network. They, therefore, start yielding losses – more power costs, fewer bitcoin rewards. Those who cannot sustain losses eventually sell out their bitcoin holdings to cover costs. That ultimately adds up to the downside pressure. The Flaw The post-halving crash theory focuses on only one aspect of the cryptocurrency ecosystem: the miners. Meanwhile, the analogy conveniently ignores other fundamental factors that catalyzed a bitcoin price crash after the supply rate cut. Part of the gains leading up to the second halving on July 11, 2016, underwent negation almost two weeks after the event. Moreover, the crash appeared to have occurred only after the news of a top Bitcoin exchange swept across the traders’ sentiment. BTCUSD fell 27% after the second halving | Source: TradingView.com, Coinbase In retrospect, BitFinex lost more than $60 million worth of BTC (at current exchange rates: ~$1.05 billion) to a security breach. Given the size of the theft, many traders decided to sell-off their holdings before the hackers do. As a result, the bitcoin price fell by as much as 27.09 percent around the hacking incident. Also, that was the last time the market ever saw bitcoin trading below $500. The Next Bitcoin Halving Bitcoin could sustain the post-halving FUD despite miners’ capitulation, given the cryptocurrency has prevailing demand. Its price rally above $10,000 that led up to the event certainly requires a correction. But this time, the bigger reason for a sell-off is not miners, but a pandemic that is forcing investors out of their risk position. Nevertheless, bitcoin is climbing long-term. Photo by Joshua Ness on Unsplash Since you’re here… Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money. from Cryptocracken WP https://ift.tt/2YTMbte via IFTTT

[joshuajacksonlyblog]

Bitcoin Post-Halving Crash Theory Has One Serious Flaw

The Bitcoin price rallied enormously in the weeks leading to its third mining reward halving on May 12, 2020. Many analysts believe the cryptocurrency would undergo a deep price pullback after the event, citing historical patterns. But the fractal ignores one crucial factor that led the bitcoin price lower after the second halving. Bitcoin will undergo a scheduled technical upgrade on May 12 that would dramatically reduce the reward that is offered to the computer operators who “mine” the cryptocurrency by half. The so-called “halving” is a bullish event, at least according to long-term investors and short-term speculators within the emerging Bitcoin industry. Top analysts with astound financial backgrounds anticipate that the third supply rate cut would raise prices exponentially. The upside sentiments take cues from the last two halvings, each of which preceded surplus price rallies, as shown in the graph below. Bitcoin price after the last two halvings Meanwhile, there is also a bearish stigma that comes alongside a halving event. Analysts point that the last two supply cuts sent prices down by double-digit percentages in the leading months. One reason that explains the post-halving price drops is the cost of mining which gets doubled. “Miners” who were operating via older mining machines can no longer adjust to the new upgrades in the Bitcoin network. They, therefore, start yielding losses – more power costs, fewer bitcoin rewards. Those who cannot sustain losses eventually sell out their bitcoin holdings to cover costs. That ultimately adds up to the downside pressure. The Flaw The post-halving crash theory focuses on only one aspect of the cryptocurrency ecosystem: the miners. Meanwhile, the analogy conveniently ignores other fundamental factors that catalyzed a bitcoin price crash after the supply rate cut. Part of the gains leading up to the second halving on July 11, 2016, underwent negation almost two weeks after the event. Moreover, the crash appeared to have occurred only after the news of a top Bitcoin exchange swept across the traders’ sentiment. BTCUSD fell 27% after the second halving | Source: TradingView.com, Coinbase In retrospect, BitFinex lost more than $60 million worth of BTC (at current exchange rates: ~$1.05 billion) to a security breach. Given the size of the theft, many traders decided to sell-off their holdings before the hackers do. As a result, the bitcoin price fell by as much as 27.09 percent around the hacking incident. Also, that was the last time the market ever saw bitcoin trading below $500. The Next Bitcoin Halving Bitcoin could sustain the post-halving FUD despite miners’ capitulation, given the cryptocurrency has prevailing demand. Its price rally above $10,000 that led up to the event certainly requires a correction. But this time, the bigger reason for a sell-off is not miners, but a pandemic that is forcing investors out of their risk position. Nevertheless, bitcoin is climbing long-term. Photo by Joshua Ness on Unsplash Since you’re here… Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money. from Cryptocracken Tumblr https://ift.tt/2YTMbte via IFTTT

[brettzjacksonblog]

Bitcoin Post-Halving Crash Theory Has One Serious Flaw

The Bitcoin price rallied enormously in the weeks leading to its third mining reward halving on May 12, 2020. Many analysts believe the cryptocurrency would undergo a deep price pullback after the event, citing historical patterns. But the fractal ignores one crucial factor that led the bitcoin price lower after the second halving. Bitcoin will undergo a scheduled technical upgrade on May 12 that would dramatically reduce the reward that is offered to the computer operators who “mine” the cryptocurrency by half. The so-called “halving” is a bullish event, at least according to long-term investors and short-term speculators within the emerging Bitcoin industry. Top analysts with astound financial backgrounds anticipate that the third supply rate cut would raise prices exponentially. The upside sentiments take cues from the last two halvings, each of which preceded surplus price rallies, as shown in the graph below. Bitcoin price after the last two halvings Meanwhile, there is also a bearish stigma that comes alongside a halving event. Analysts point that the last two supply cuts sent prices down by double-digit percentages in the leading months. One reason that explains the post-halving price drops is the cost of mining which gets doubled. “Miners” who were operating via older mining machines can no longer adjust to the new upgrades in the Bitcoin network. They, therefore, start yielding losses – more power costs, fewer bitcoin rewards. Those who cannot sustain losses eventually sell out their bitcoin holdings to cover costs. That ultimately adds up to the downside pressure. The Flaw The post-halving crash theory focuses on only one aspect of the cryptocurrency ecosystem: the miners. Meanwhile, the analogy conveniently ignores other fundamental factors that catalyzed a bitcoin price crash after the supply rate cut. Part of the gains leading up to the second halving on July 11, 2016, underwent negation almost two weeks after the event. Moreover, the crash appeared to have occurred only after the news of a top Bitcoin exchange swept across the traders’ sentiment. BTCUSD fell 27% after the second halving | Source: TradingView.com, Coinbase In retrospect, BitFinex lost more than $60 million worth of BTC (at current exchange rates: ~$1.05 billion) to a security breach. Given the size of the theft, many traders decided to sell-off their holdings before the hackers do. As a result, the bitcoin price fell by as much as 27.09 percent around the hacking incident. Also, that was the last time the market ever saw bitcoin trading below $500. The Next Bitcoin Halving Bitcoin could sustain the post-halving FUD despite miners’ capitulation, given the cryptocurrency has prevailing demand. Its price rally above $10,000 that led up to the event certainly requires a correction. But this time, the bigger reason for a sell-off is not miners, but a pandemic that is forcing investors out of their risk position. Nevertheless, bitcoin is climbing long-term. Photo by Joshua Ness on Unsplash Since you’re here… Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money. from CryptoCracken SMFeed https://ift.tt/2YTMbte via IFTTT

[georgerofson-blog]

6 secrets to succeed in trading.

As you all know, a large percentage of the people who invest in the stock market lose money, specifically around 90%.

This is basically due to the fact that many people are looking for easy money, and to find it they are focused on successful traders, traders who have won and they make money, thinking that these traders have found the secret formula and that they will not sell it at any price at websites such as plus500 broker.

From this group of traders, those who are really honest, are tired of explaining that the miraculous method does not exist, but that the gains obtained are the result of hard work.

For a successful trader the true secret of success is to respect the following ten points:

Robust method:

In the same way that the casinos changed in their time the rules of roulette to put on their side the result of the game, we have to get a method with positive mathematical hope, that is, the number of times that We earn multiplied by our average profit per transaction is greater than the number of times we lose multiplied by our average loss per trade.

 Trading plan:

You have to choose in what type of products you are going to operate, in what temporary margin, in what schedule do you intend to operate, for how long.

Confidence:

We must have confidence in our method, although we have several consecutive losses. Trading in markets is governed by probabilistic laws, so if our method is robust, that is, it complies with what is explained in the first point, we must believe and trust the long-term possibilities of the system.

Discipline:

The weakest link in the chain is always the trader himself, not the system.

You have to keep your head cold enough to strictly follow the rules of the method we have set, being strict in the entrances and exits.

No decision should be made if the conditions that were previously marked by our trading method are not met.

Emotional control:

A trader cannot flinch before a loss or a gain.

A successful trader is able to control his emotions at all times. In fact, if for any reason she is not feeling well, that day she decides not to operate, because she knows she will have problems.

Control of the ego:

Good traders are humble people, people who know perfectly the respect that must be shown at all times to the markets.

There are many traders who arrive at a status in which they think they are the masters of the Universe that nobody can defeat them, they begin to make mistakes precisely because of the excess of confidence they have, and they end up destroying themselves.

[bowsetter]

CMC Markets Adds Bitcoin Cash to Cryptocurrency Offering

CMC Markets, a U.K.-headquartered financial derivatives brokerage with shares listed on the London Stock Exchange, revealed on Tuesday that it has expanded its cryptocurrency offering to include bitcoin cash (BCH), as well as litecoin (LTC) and ripple (XRP).

Also Read: How to Easily Give BCH as Gifts in Halloween Trick-or-Treat Packages

CMC Markets Responds to Demand

The roughly 60,000 clients that CMC Markets serves around the world can now start taking positions on the three additional cryptocurrencies paired against the U.S. dollar. The move follows the brokerage’s extension of its cryptocurrency offering from professional to retail clients in July. At launch, the trading platform only offered bitcoin core (BTC) and ethereum (ETH).

“Since the successful launch of our cryptocurrency offering in March, and subsequent extension to retail clients in July, our clients have expressed interest in extending their trading options beyond bitcoin and ethereum,” explained David Fineberg, group commercial director at CMC Markets. “We are pleased to offer them the chance to take a position on bitcoin cash, litecoin and ripple, three altcoins which continue to generate much speculation among traders.”

Research Before You Start Trading CFDs

Forex, spread betting and contracts for difference (CFDs) brokerages have been very eager to add cryptocurrency-based instruments in recent years, as the volatility lured their day-trader clients away to crypto exchanges. However, concerns about alerting regulators prevented some of the more established players from doing so as quickly as they could have. Only this week it was revealed that the U.K. government is now considering a ban on crypto derivatives.

CMC Markets cautiously entered the cryptocurrency CFDs race only after rivals such as Admiral Markets, Gain Capital’s City Index, Plus500 Ltd., and IG Group Holdings Plc. had already established operations in the space.

“Spread bets and CFDs offer a way to trade on cryptocurrencies as clients can take a position on market movements without owning the asset. By trading with an established provider, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange,” said Fineberg. “However, like all other financial instruments we offer, we always recommend clients understand the risks and conduct thorough research before trading.”

Is trading CFDs a good way to get exposure to bitcoin cash? Share your thoughts in the comments section below.

Images courtesy of Shutterstock, CMC Markets.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post CMC Markets Adds Bitcoin Cash to Cryptocurrency Offering appeared first on Bitcoin News.

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[jacobhinkley]

Dominance of Big Banks in UK Means London Might Miss the Boat on Bitcoin

London has enjoyed a status of a global financial hub for centuries and served as a pioneer for brand new trading options for decades. However, some fear it is now in danger of getting left behind by the hottest emerging asset class – cryptocurrency. One of the main reasons for this appears to be the dominance of the big banks over the UK economy.

Also Read: Niall Ferguson Tells Bank of England Bitcoin Is Financial System of the Future

Banks Hindering Progress

Despite having a thriving fintech startups scene, an established trading ecosystem and a leading role in the traditional fiat currencies market, London appears to be missing the boat with regards to the rush of institutional money flowing into crypto finance. Locations such as Tokyo, Chicago, New York and even San Francisco are taking the lead with regards to regulated platforms, OTC and hedge funds, as well as exchange-traded derivatives such as futures. And many people in the industry believe this is mainly due to the outsize influence that the banks have in the City.

“Banks have been unusually strict in dealings with crypto,” Max Boonen, a former Goldman Sachs trader and current CEO of B2C2, a London cryptocurrency market maker, told FT. “It’s nearly impossible to open an account for crypto in the UK. The problem is that in the UK there is a perception that banks have issues with anti-money laundering and decided to be a lot more conservative.” And David Mercer, CEO of LMAX, an FCA regulated FX trading venue which recently announced a physical cryptocurrency exchange dedicated to serving just institutional clients, expects UK banks would only join the market next year. “London is very bank-driven and we see it as being a late adopter,” he explained.

Not Too Late?

There are also factors that support London’s position in the crypto market, such as CFD brokers like IG Group and Plus500 achieving success with retail traders as well as Barclays agreeing to open an account for Coinbase. Additionally, there are those that think that the matter is overstated.

“The City of London, taken as a whole, has the collective experience to make considered and forward-thinking decisions. This experience manifests itself in many ways, from the efficiency of trade execution to KYC & AML regulations and from the strength of our legal system to our culture of effective corporate governance. These reasons are why London dominates the international foreign exchange markets, and it is unthinkable that the City will not continue to be a dominant player in crypto markets,” commented to news.Bitcoin.com Nauman Anees, Co-founder of Think Coin, a multi-asset financial & cryptocurrency trading exchange.

Anees added: “London is the dominant player in global financial markets thanks to the strength of its regulatory infrastructure and position as a gateway & conduit between every key global market – and while the crypto markets are novel in many ways, these key contextual advantages still apply. Moreover, events in recent years show the crypto space is one where ‘first mover advantage’ does not apply. Repeated hacks of key exchanges along with the slow pace of international regulation has meant that many ‘early adopters’ have not been positioned to fully develop and grow with the market, meaning that a more cautious approach will likely prove to pay the biggest dividends later. That said, the idea that there is a corporate resistance to crypto adoption in London is misguided. Most of the major investment banks have opened crypto desks, and the ones which haven’t already announced are undoubtedly experimenting behind the scenes.”

How should London ensure that the crypto revolution does not pass it by? Share your thoughts in the comments section below. 

Images courtesy of Shutterstock.

Now live, Satoshi Pulse. A comprehensive, realtime listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

The post Dominance of Big Banks in UK Means London Might Miss the Boat on Bitcoin appeared first on Bitcoin News.

Dominance of Big Banks in UK Means London Might Miss the Boat on Bitcoin published first on https://medium.com/@smartoptions

[michaelbennettcrypto]

Bitcoin Risks Crashing 30% in Post-Halving Capitulation Due to This Factor

A brutal capitulation post halving could send the bitcoin price down by more than 30 percent, according to a top executive. Capriole Investments founder Charles Edwards fears that the cryptocurrency’s operational costs would be 70 percent higher than its current price after May 12, 2020. He expects traders to run out of reasons to purchase bitcoin after the halving FOMO ends. As bitcoin traders wait for the event that will cut its supply rate by half, a top executive has cast uncertainties over an immediate price rally. 30% Crash Ahead Charles Edwards, the creator of the hash rate ribbon indicator and founder of Capriole Investments, said that he expects the bitcoin price to fall by more than 30 percent after halving. He noted that the current cost of mining a block of Bitcoin would rise twofold after May 12, 2020, leading miners to offload a huge chunk of their bitcoin holdings to cover the operational expense. “Production cost is about to double to $14,000 – 70 percent above the current price,” Mr. Edwards explained with a chart. “[In the] last halving, the price was just 10% below Production cost, and Price & HR collapsed -20 percent. Without FOMO now, expect a big miner capitulation – [more than] 30 percent.” Cost of mining one block of Bitcoin to rise by double | Source: Charles Edwards Halving, the third in the Bitcoin’s decade-long existence has emerged as one of the most bullish narratives among traders and investors alike. The previous two events followed huge upside moves in the Bitcoin’s market capitalization. Analysts believe that a reduction in the supply of bitcoin entering markets should push the prices upward. Bitcoin’s Bear Correction Begins The halving FOMO has already helped Bitcoin recover from its nadir in March. Expectations of higher short-term profits led crypto traders to “buy the dip” when bitcoin was trading just below $3,800. Late last week, the euphoria pushed prices as higher as $10,100 on US exchange Coinbase. BTCUSD pullbacks by 20 percent after testing the Descending Trendline | Source: TradingView.com, Coinbase But traders began taking out their profits at the newfound six-figure valuation. The bitcoin sell-off caused a sharp interim correction into the new week, causing the cryptocurrency to fall by as much as $2,000. A plunge in spot prices also increased the probability of a severe miner capitulation. But not everything is wrong with a sell-off, says Mr. Edwards. In a blog published last year, he noted that miner capitulation creates adequate opportunities for investors looking to purchase bitcoin at a cheaper rate. “Miner Capitulation doesn’t happen often, on average just once a year. But it has occurred following each of the last two halvings,” he wrote. “Suggesting we may see yet another wonderful buying opportunity again in mid-2020.” Photo by John Fornander on Unsplash Since you’re here… Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money. from Cryptocracken WP https://ift.tt/2yOGBO3 via IFTTT

[joshuajacksonlyblog]

Bitcoin Risks Crashing 30% in Post-Halving Capitulation Due to This Factor

A brutal capitulation post halving could send the bitcoin price down by more than 30 percent, according to a top executive. Capriole Investments founder Charles Edwards fears that the cryptocurrency’s operational costs would be 70 percent higher than its current price after May 12, 2020. He expects traders to run out of reasons to purchase bitcoin after the halving FOMO ends. As bitcoin traders wait for the event that will cut its supply rate by half, a top executive has cast uncertainties over an immediate price rally. 30% Crash Ahead Charles Edwards, the creator of the hash rate ribbon indicator and founder of Capriole Investments, said that he expects the bitcoin price to fall by more than 30 percent after halving. He noted that the current cost of mining a block of Bitcoin would rise twofold after May 12, 2020, leading miners to offload a huge chunk of their bitcoin holdings to cover the operational expense. “Production cost is about to double to $14,000 – 70 percent above the current price,” Mr. Edwards explained with a chart. “[In the] last halving, the price was just 10% below Production cost, and Price & HR collapsed -20 percent. Without FOMO now, expect a big miner capitulation – [more than] 30 percent.” Cost of mining one block of Bitcoin to rise by double | Source: Charles Edwards Halving, the third in the Bitcoin’s decade-long existence has emerged as one of the most bullish narratives among traders and investors alike. The previous two events followed huge upside moves in the Bitcoin’s market capitalization. Analysts believe that a reduction in the supply of bitcoin entering markets should push the prices upward. Bitcoin’s Bear Correction Begins The halving FOMO has already helped Bitcoin recover from its nadir in March. Expectations of higher short-term profits led crypto traders to “buy the dip” when bitcoin was trading just below $3,800. Late last week, the euphoria pushed prices as higher as $10,100 on US exchange Coinbase. BTCUSD pullbacks by 20 percent after testing the Descending Trendline | Source: TradingView.com, Coinbase But traders began taking out their profits at the newfound six-figure valuation. The bitcoin sell-off caused a sharp interim correction into the new week, causing the cryptocurrency to fall by as much as $2,000. A plunge in spot prices also increased the probability of a severe miner capitulation. But not everything is wrong with a sell-off, says Mr. Edwards. In a blog published last year, he noted that miner capitulation creates adequate opportunities for investors looking to purchase bitcoin at a cheaper rate. “Miner Capitulation doesn’t happen often, on average just once a year. But it has occurred following each of the last two halvings,” he wrote. “Suggesting we may see yet another wonderful buying opportunity again in mid-2020.” Photo by John Fornander on Unsplash Since you’re here… Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money. from Cryptocracken Tumblr https://ift.tt/2yOGBO3 via IFTTT

[brettzjacksonblog]

Bitcoin Risks Crashing 30% in Post-Halving Capitulation Due to This Factor

A brutal capitulation post halving could send the bitcoin price down by more than 30 percent, according to a top executive. Capriole Investments founder Charles Edwards fears that the cryptocurrency’s operational costs would be 70 percent higher than its current price after May 12, 2020. He expects traders to run out of reasons to purchase bitcoin after the halving FOMO ends. As bitcoin traders wait for the event that will cut its supply rate by half, a top executive has cast uncertainties over an immediate price rally. 30% Crash Ahead Charles Edwards, the creator of the hash rate ribbon indicator and founder of Capriole Investments, said that he expects the bitcoin price to fall by more than 30 percent after halving. He noted that the current cost of mining a block of Bitcoin would rise twofold after May 12, 2020, leading miners to offload a huge chunk of their bitcoin holdings to cover the operational expense. “Production cost is about to double to $14,000 – 70 percent above the current price,” Mr. Edwards explained with a chart. “[In the] last halving, the price was just 10% below Production cost, and Price & HR collapsed -20 percent. Without FOMO now, expect a big miner capitulation – [more than] 30 percent.” Cost of mining one block of Bitcoin to rise by double | Source: Charles Edwards Halving, the third in the Bitcoin’s decade-long existence has emerged as one of the most bullish narratives among traders and investors alike. The previous two events followed huge upside moves in the Bitcoin’s market capitalization. Analysts believe that a reduction in the supply of bitcoin entering markets should push the prices upward. Bitcoin’s Bear Correction Begins The halving FOMO has already helped Bitcoin recover from its nadir in March. Expectations of higher short-term profits led crypto traders to “buy the dip” when bitcoin was trading just below $3,800. Late last week, the euphoria pushed prices as higher as $10,100 on US exchange Coinbase. BTCUSD pullbacks by 20 percent after testing the Descending Trendline | Source: TradingView.com, Coinbase But traders began taking out their profits at the newfound six-figure valuation. The bitcoin sell-off caused a sharp interim correction into the new week, causing the cryptocurrency to fall by as much as $2,000. A plunge in spot prices also increased the probability of a severe miner capitulation. But not everything is wrong with a sell-off, says Mr. Edwards. In a blog published last year, he noted that miner capitulation creates adequate opportunities for investors looking to purchase bitcoin at a cheaper rate. “Miner Capitulation doesn’t happen often, on average just once a year. But it has occurred following each of the last two halvings,” he wrote. “Suggesting we may see yet another wonderful buying opportunity again in mid-2020.” Photo by John Fornander on Unsplash Since you’re here… Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money. from CryptoCracken SMFeed https://ift.tt/2yOGBO3 via IFTTT

[cryptoveins]

Overbought Tezos Slips 9% Before Hitting All-Time High; Rebound Ahead?

Tezos failed to retest its all-time high after finding sellers near its local top. The XTZ-to-dollar exchange rate corrected downwards by more than 9 percent after logging four consecutive bullish sessions. It is now eyeing a deeper pullback but could resume its uptrend owing to macro cryptocurrency market narrative.

Tezos (XTZ) was going to establish a historic high against the world’s leading cryptocurrency Bitcoin. But bears spoiled its winning streak. The XTZ-to-BTC exchange rate corrected lower by more than 9 percent after hitting 3,796 sats on Sunday. The move downhill brought the price down to 3,383 sats ahead of the New York market open Monday, suggesting that traders are profit-taking from its latest gains, as shown in the chart below. XTZBTC looking to extend its bearish correction | Source: Michaël van de Poppe Earlier today, famous crypto trader Michaël van de Poppe noted that XTZ has more room to fall. The Amsterdam-based analyst predicted the Tezos token to extend its downside move into the 3275-3300 territory, adding that traders could use the area to refill their long positions and continue the XTZ/BTC’s current bull run. “If I’d be looking for longs, I’d be looking at them in these zones,” explained Mr. Poppe. “[We] might bounce between 3375-3410 satoshis, but generally looking for 3275-3300 satoshis for a bounce.” Toppling Bitcoin After plunging about 40 percent to its 20202 low near 2411, Tezos rebounded wildly to reclaim a huge part of its loss. By April 26, the cryptocurrency had recovered about 57 percent of its Q1 plunge, apprehensively establishing its bull market in bitcoin-enabled trading rooms. But gains in XTZ/BTC exchange rates followed a sharp and similar recovery in the bitcoin markets. The top cryptocurrency in March caught traders off guard after falling $7,200 to a 10-month low of $5,678 in only 15 minutes. The price later landed below the $4,000 level, followed by a pullback that took it above $7,800 as on April 27. Tezos and other alternative tokens merely tailed bitcoin’s rebound to mark their respective recoveries. Nevertheless, the blockchain project’s market capitalization ballooned additionally owing to a string of uplifting updates. It entered new partnerships with the Digital Transfer Agent platform Vertalo and trading system tZero. Moreover, Ethereum developer announced that it would enable developers to create and launch apps on the Tezos blockchain. As a result, Tezos’ YTD gains surpassed that of bitcoin. The token surged 92 percent in the dollar-enabled market, while bitcoin was up by just 6.91 percent. What’s Next for Tezos? Tezos’ latest pullback shifted its technical support to 3275-3300, as Mr. Poppe suggested. But the cryptocurrency, in a medium-term outlook, could extend its bearish move towards the Ascending Trendline support in the chart below. Support levels ahead | Source: TradingView.com, Binance It is possible for Tezos to fall until it hits the level, only to rebound later and continue trending upwards. The worst-case scenario is XTZ breaking below the purpled trendline and shift its pullback target to 1,979 sats. But overall, it could sustain its bullish bias for 2020 based on available technical parameters. Photo by Joanna Nix on Unsplash

Since you’re here… Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money. Overbought Tezos Slips 9% Before Hitting All-Time High; Rebound Ahead? was last modified: April 27th, 2020 by Yashu Gola

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