Bitcoin Glossary

04/11/2014

Bitcoin Glossary

If you’re a first time Bitcoin trader or a professional, it is important to know the meaning behind each term you must have seen on different trading platforms. Mentioned below are some important and commonly used Bitcoin terms and their meanings:

51% Attack

This is a situation where a majority of the computing power needed for a functioning cryptocurrency network is handled by either one mine or a bunch of miners. Controlling that much network power basically means they own the network, which also means each and every single client on that cryptocurrency network acknowledges the miner’s hashed transaction Bitcoin block.

This allows the attacker to:

•Authorize a transaction which conflicts with another client’s transaction
•Issue the cancellation of a transaction
•Stopping other miners from harvesting new Bitcoin blocks
•Stop someone else’s transaction from being confirmed

Altcoin

This is a secondary name given to all other digital currencies which can be substituted for Bitcoin.

AML

AML stands for Anti-Money Laundering strategies that are implemented to put a stop to illegal converting actions to obtain funds. Some people illegally obtain funds by making it look like everything is legitimate.

ASIC

This stands for Application Specific Integrated Circuit and is a tiny silicon chip manufactured solely for accomplishing one objective. And in this case, they are used to process SHA-256 hashing complications.

This is a Bitcoin trust which owned privately and is used for investing only in Bitcoins. It uses high tech protocol for the storage of the Bitcoins invested in on behalf of all the shareholders. This is a good way of investing in Bitcoins without having to worry about storing your cryptocurrency.

Bitcoin Price Index (BPI)

The Bitcoin Price Index indicates the average price of a Bitcoin spread across all the top exchanges in the world that is in par with the criteria mentioned by the BPI.

Bitcoin Whitepaper

The Bitcoin Whitepaper was written and founded by the inventor of the Bitcoin himself or rather themselves, ‘Satoshi Nakamoto’ whose identity is perhaps the biggest mystery in the world. The Bitcoin Whitepaper was a post made by this person to a Cryptograph Mailing list 6 years ago when the Bitcoin was launched. The paper contains all Bitcoin protocol in explicit detail.

BitPay

BitPay is a payment gateway for Bitcoin which functions to enable merchants to use Bitcoins as a form of payment.

BitStamp

BitStamp is another trading exchange for Bitcoins and is the trending platforms these days.

Block Chain

The Block Chain contains an entire list of Bitcoins which have been mined since the launch of the digital currency. The Block Chain was made in order to ensure every block has its own hash drawing so the block mined after it cannot be tampered with.

Block Reward

The Block Rewards is awarded to a successful Bitcoin miner who has managed to hash a transaction block. The rewards can be in the form of Bitcoins or other fees, but it really depends on the policies governed by the digital currency in question.

BTC

It is a short form of Bitcoins.

Buttonwood

Buttonwood is a project that was developed by Bitcoin specialist and trader John Rossi. The project was made as a protest in favour of Bitcoin in New York’s Union Square.

Client

Client is the software which runs on your PC, smartphone, tablet or laptop. The ‘Client’ links up with the Bitcoin network in order to clear Bitcoin transactions and forward them.

Coloured Coins

You can think of Coloured Coins an extra aspect for trading Bitcoin. This allows Bitcoin traders to gain access to the networks add-on features. These features can then be used to determine how you want to mark your Bitcoin. For example, a Bitcoin trader can mark his Bitcoin as a stock share or a tangible asset. This also allows Bitcoin traders to use their Bitcoins to trade for other tangible assets.

CPU

Known as the brains of the computer, the CPU stands for ‘Central Processing Unit’, CPUs were used to hash and mine the entire Bitcoin process, but are no longer used because they are not powerful enough. But you can still use them if you trade with Altcoins.

So, these are some of the most important Bitcoin terms you should know and understand.

Choosing a Trading Strategy that Fits You

Market Place

03/11/2014

Strategy is definitely one of the key to succeed in the trading business…..

It doesn’t matter if you use fundamental analysis or technical analysis. Every active investor needs a strategy….

Regardless of the fact that you can make correct stock predictions, catch the right momentum trading moves and use all the stock market indicators correctly… you will end up giving back your profits without an effective strategy.

There is no strong and quick rule of what technique you ought to utilize. It’s really an individual decision relying upon your trading strategy, objectives and abilities.

Remember… you need to have a technique and your technique must fit you. The first and most critical step in constructing a stock trading strategy is to know yourself.

Some questions that will help you get on track in understanding your trading personality are.

Do you like the action of trading?

Are you a risk taker or do you like to stay away from risks?

Can you tolerate large drawdowns?

Are you analytical?

Do you make fast decisions?

Are you really serious about using the Stock Trading Business to create a Living?

If you want to delve deeper into your trading personality, I strongly suggest two excellent books.

Brett Steenbarger “The Psychology of Trading” and “Trade Your Way to Financial Freedom” by Van Tharps. These will reach deeper into the mind of traders and they’ll help create the best system for you.

Some of the newbie traders thought that there is a unique strategy or technique that holds the key to success. They think that Wall Street experts hold some sort of special tactic that will never be imparted to them.
As far as every successful trader is concern this is not basically true. The key to successful trading lies within you! Indeed whatever profitable trading tactic that you use without the best possible outlook you will still lose in the stock market game

That’s right! It is a game. It needs incredible mind control to be an effective technical trader similar with chess or considerably poker.

The primary key for overall success in stock market game is to learn how to properly handle the two mind-boggling strengths of fear and greed.

Let’s begin with greed

According to Personality & Spirituality, greed is the tendency to selfish craving, grasping and hoarding. We all have the potential for greedy tendencies, but in people with a strong fear of lack or deprivation, Greed can become a dominant pattern. One good example that relates to technical trading is the point at which you are in a winning position and want to keep it for extra benefits.

Needing simply somewhat more even after your target price is hit still a certain way to inevitable loss of trades. Also, eagerness becomes an integral factor when you break your eagerness becomes an integral factor when you break by trading excessively extensive size. Generally, what brings about losing trades is due to trading excessively large size basically wanting the enormous score.

In some case, to be an effective trader you also need to have the desire fuelled by greed in order to succeed however this greed should be controlled.

And that brings us to fear

The fear of losing trades is a strong motivator. This is something that keeps you from taking a trade. The fear of losing trades is a strong motivator. To be successful in trading business, one must understand that misfortunes are merely piece of the diversion. You can never win in the event that you don’t play.

Also, you as a trader must learn to be neutral at all time. Try not to get upset when you have a loss, try not to get too happy when you win on a trade. Just remain neutral. It is extremely easy for fear to kick in, this happens to all us, this is why it is crucial that you stick to your plan.

Furthermore, I have listed 3 guidelines below on how to handle fear and greed to be a successful trader.

• Markets are never wrong, opinions are

Listen to the opinions of brokers, if you wish, but don’t ignore what the market’s price is telling you! says Jesse Livermore, aka the Great Bear of Wall Street. This is the thing that keeps you in the game even when it goes against you. Understanding this helps control carelessness which can be a result of greed. Conceding that the market is constantly right and you truly don’t comprehend what will happen next is troublesome. If you believe that you are right with the trade so just hold on even if the price is going against you.

• Don’t rush into trading immediately

This helps control eagerness and fear by constraining you to see there is no hurry. On the off chance that you miss a trade or even a few consecutively, there will be extra open doors. There is no compelling reason to get stressed or feel rush about any trade. Also, trading is a procedure where multiple trades produce results. There is no reason to bet in everything by letting voracity take control.

• Stop second-guessing yourself

Remind yourself that you thoroughly thought things through and have made the best decision. Technical traders are well known for second guessing in every trade. The nature of price charts makes this flaw very easy to fall into. So better accept what the market provides for you on an everyday premise. Don’t attempt to constrain more out of the market than what it gives you.

Many strategies can make money, BUT, because of your own psychology, beliefs and preferences many of these may not work for you. Whether you are interested in forex trading, stock trading or options trading, you must have a valid trading strategy that suits your personality to help guide your decisions.

Top 10 Best Bitcoin Sites

Market Place

01/11/2014

Top 10 Best Bitcoin Sites

Digital currencies like Bitcoin have been gaining considerable recognition and popularity across the globe. Many people now trade and invest in crypto-currencies and actually use it to it buy goods and services which they otherwise buy with actual money, which is amazing. Bitcoins has been stirring up the world of digital currency exchange, making transactions cost-effective and faster. Bitcoin transactions are processed securely over the internet through various Bitcoin platforms and trade centres.

All Bitcoin transactions conducted over various cryptocurrency exchanges are secured with cryptography. Every single Bitcoin trade has its own digital signature and key which can be identified. Bitcoin’s popularity and largely fluctuating prices has led many people to join in on the fun and action. There are two methods through which you can engage in making money using Bitcoin exchanges. The first method is common and involves a trader buying a certain number Bitcoins in the hopes it would rise in value and make him a profit.

The second method involves the processing of those Bitcoins which is known as ‘Bitcoin mining’. Once this type of transaction has been processed, the transaction is authorized by ‘miners’ on the network which employ complex and sophisticated algorithms. And once they verify a transaction successfully, the get rewarded in terms of commissions and transactions fees for harvesting new Bitcoins.

Whether you are a first-timer looking to get lucky through investing in Bitcoin or a professional Bitcoiner who has traded and made a lot of money, it is imperative you understand there are a lot of pretty cool Bitcoin websites where you can trade all sorts of crypto-currencies. Usually, traders stick to just one or two, but why limit yourself when you can conduct your transactions over some of the best websites there are.

Ten Best Bitcoin Website You Will Fall in Love with

1.Bitcoi.org

Now, this here is a genuine Bitcoin client which has everything. The website will teach you to work and trade with Bitcoins. You’ll get to learn a ton of Bitcoin vocabulary (which is critical). You’ll have access to various Bitcoin charts and data on businesses and developers.

2. Coinbase.com

Through just a single Bitcoin account in Coinbase.com, you will have the power to trade Bitcoins efficiently and effectively. The website has a quick verification process in correspondence with Chase Bank. It is strongly recommended you create an account with Coinbase.com, if you use multiple bank accounts. Furthermore, if you can’t afford the initial ($1,000) investment to begin the game, you can choose to buy certain parts of a Bitcoin. For example, Coinbase.com will allow you to buy about a .01 of the $1,000 Bitcoin, which is $10.

3. Bitcoin Forum

The Bitcoin Forum is an awesome website where you can actually talk about your investment plans and ideas, the forum features general information for first-time traders and also focuses on providing users all the latest Bitcoin news pertaining to the Bitcoin economy and also designed areas where users can come for technical support and learn how to develop their projects more efficiently.

4. Mt.Gox

Mt.Gox is perhaps one of the earliest Bitcoin platforms made for trading. And you’d be surprised to know Mt.Gox still owns and controls a massive share of Bitcoin trades. It allows Bitcoin traders from all over the world to buy, exchange and sell their Bitcoins in a variety of currencies. Plus, Mt.Gox also provides users various trading tools which help users and merchants to get their Bitcoin payments via their sites.

5. Bitcoin Wiki

The Bitcoin Wiki website gives out valuable information pertaining to the Bitcoin to every user in a format which closely resembles Wikipedia. Bitcoin Wiki offers traders all sorts of content on Bitcoins in various languages. The site also directs you to various Bitcoin meeting places and communities as well as offers a really cool forum.

6. Howtobitcoin.info

Howtobitcoin.info is a pretty useful platform which provides users essential Bitcoin software, charts, stores, social media option, resources and digital wallets.

7. Blockchain.info

Developed by Qkos Services, based in UK, Blockchain.info provides Bitcoin traders information on Bitcoins which have been mined or if they are being mined. It is indeed a site you should consider checking out.

8. Bitcoinx

Bitcoinx.com is another excellent website which provides a certain mining tool to Bitcoin miners along with a profitability calculation tool that makes it easy for miners to realize the complexity of the mining process, how many Bitcoins there are per block, and the costs of mining along with several other factors. The website also provides miners various Bitcoin market charts, blogs and accurate, real-time information on the price and performance of Bitcoin mining.

9. WeUseCoins.com

Another brilliant website which is designed to make Bitcoin trading simple and easy for beginners, the website provides basic information on how to begin things for both individual traders and merchants interested in tapping the Bitcoin market. WeUseCoins.com is an excellent guide to Bitcoin trading.

10. Start Bit Coin

This is another platform which caters its services to amateur Bitcoin traders who are baby-stepping their way into the Bitcoin economy.

All in all, these are some of the best Bitcoin website you should consider using.

The History of the Bloomberg Terminal and Its Impact on Trading

Market Place

30/10/2014

The Bloomberg Terminal is considered to be one of the most powerful machines on the globe. This is proved through the buzz which surrounds the use of the Bloomberg Terminal by various Bloomberg reporters to gain access to an insurmountable amount of data regarding government officials, bankers, etc.

What is the Bloomberg Terminal?

The Bloomberg Terminal is an advanced machine with central processing unit that was manufactured by the Bloomberg L.P, which allows professionals in different financial settings and different industries to receive Bloomberg Professional services which they can use to track and evaluate real-time financial data and trading trends moving on various trading platforms.

Bloomberg Terminals are leased and contracted based on a 2-year span. The lease is initially based on the number of display connections the terminals have. A majority of Bloomberg Terminals have two to six connection displays. The terminal provides a client server layout the server operating on a Unix platform which is a multiprocessor platform. The ‘client’ is a Windows application that normally links up with the servers of the users through a router. This router is given by Bloomberg and is installed right then and there.

Many traders and investors use Bloomberg Terminal to gain access to information they can use to predict accurate trading trends and prices. Mentioned below are some reasons why you should consider using a Bloomberg Terminal to enhance your trading experience:

Benefits of Bloomberg Terminals

Access to News from Around the World

Although most traders think about the data these terminals provide them pertaining to the financial markets, for example options values, and securities, the Bloomberg terminals also provide investors real-time market news and notifications from around the world mainly through a number of websites, wires and tickers. By simply accessing the ‘News’ option in the search bar, you will be able to gain access to the latest financial and non-financial news as well as important headlines worldwide. Alternatively, traders can also use different media platforms to gain information, for example the New York Times, through the terminal.

Access to Equities

Traders can also enhance their search for publicly traded equities and shares through Bloomberg terminals, as it allows users to categorize their search by name, country, exchange, etc. Moreover, other options in this menu also allow users to review and analyze historical pricing on each of the equity stocks in question. You can choose to view an entire description of a business, look at the outstanding corporate debt the business may have, and also evaluate different reports and estimations for its stocks and options along with several other factors, which is truly amazing.

Using the Bloomberg terminal, you can also compare different equities which might give you an edge of having an analysis report of two different equities. The comparison options consist of overall analysis, historical ratios and technical charts.

Investing in Fixed Income Securities

Similar to equities, the Bloomberg terminals also allow clients to look for real-time information pertaining to fixed income securities. This search can include a multitude of options, including corporate debt, municipal bonds and government bonds. With a matching and comparison system quite similar to that of the equities’ options, you can easily search for appropriate fixed income securities on a day to day basis, analyzing any changes in the security value or any yield-to-maturities.

Derivatives

Perhaps the best feature of the Bloomberg Terminal is its derivatives’ ability. And with this facility, traders can now look for real-time information and values on securities, namely exchange trade options, and future contracts (contract for WTI). However, Bloomberg also provides traders put price on hard derivatives. For example, when you talk about OTC options, Bloomberg will allow you to alter their options valuations strategies so the traders can come up with a said value. So, using this option, traders can now think place values on an OTC option on let’s say the S&P 500.

All in all, this goes to show the power of Bloomberg terminals, and it is easy to say why they are the most widely used for trading and other purposes. So, if you want to avail all the aforementioned benefits of the Bloomberg terminal, it is time you consider using one yourself right away.

The 17 Best Apps for Finance

Market Place

28/10/2014

It is true that many investors try not to think about the everyday proceedings and news about what is going on in the markets. However, there are still some who cannot resist the temptation of being in the loop about just about everything and because of these types of efficient traders, there are loads of great financial applications which can help make information simpler and concise. Mentioned below are seventeen of the top applications designed for investors:

1. ChartIQ Practice Trading Simulator

At the price of just $2, you can choose to replicate a trading environment or simulate a market crash to check and see whether your trading strategies work or not. The application also provides users historical data and charts to further enhance your practice. It is simply a must-have application.

2. FRED Economic Data

FRED stand for Federal Reserve Economic Data and contains a repository of over 10,000 time series for a plethora of economic data, allowing investors to begin charting over 34,000 data series from anywhere in the world.

3. CNBC Real time

This application is perfect for acquiring real-time data about the financial markets. Plus, you can always catch a missed interview on CNBC. The application also features 24-hour live streaming, pre-market, and futures quotations and a lot more.

4. uValue

uValue is the brilliant work of Aswath Damodaran, a valuation genius at NYU Stern. The application significantly aids in all your valuations processes on your iPad. uValue provides users six models they can use for valuations.

5. NetDania Forex

This app has everything, from live updating quotes, important commodities updates and global stock exchange reports. NetDania is the perfect application for Forex traders. The best feature of the app is you can set NetDania to send you push notifications regarding any important economic news or information released in the market.

6. Daily Stocks

Although Daily Stock is an expensive application ($69.99), it does pack some really mean tools for you to play with. The app is full of volume indicators and also features a stock scan which is based on the pattern of the charts. Using Daily Stocks, you can look for bullish and bearish stock charts.

7. Options Wizard

The Options Wizard is a perceptive application which helps you simplify your potential profits calculations based on your investment or trading strategies.

8. Heat Map

A majority of heat maps you probably see on your TV screen are based on the trading session at that moment. With the Heat Map application, you will be able to view maps created using various metrics. For example, it will help you view which stocks are far from reaching their price average.

9. StockTwits

Another great application which allows you to know what other traders are talking about in the market, you can use the app to determine possible trends and network with other traders.

10. Stock Chart Patterns

If you want to determine stock patterns using unfolding chart patterns, this app is perfect for you as you can use it to look for bullish and or bearish market patterns over the last 10, 5 or 3 days.

11. StockSpy

StockSpy has a really cool charting interface, but it’s also great for market research about individual stocks as it considers all new sources along with investor relation pages and other highly regarded financial websites.

12. Wikinvest Portfolio HD

The Wikinvest Portfolio is a cool application which is designed to directly connect to your brokerage account(s) online. Its features include fly portfolio analytics, valuation metrics and portfolio beta.

13. Kcast Gold Live

The Kcast Gold Live application allows you to view live quotes for precious metals and other valuable commodities. It also gives quotes for major currencies and quotes for mining stocks.

14. Bloomberg

Bloomberg is a pretty interesting application which allows you to read important articles about trading. It also lets you look at the prices and also allows you to manage your portfolios.

15. iTrade – Stock Market Simulator

This is a really nice application for rookie investors who want to practice and implement their strategies in real-time. And because of the fact iTrade is a social application, you can compete with other virtual portfolios in real-time.

16. Thomson Reuters Marketboard

The Thomas Reuters Marketboard shows users the performance of stocks worldwide, including all the stock indexes. Plus, the application has a snazzy interface and includes a top stores features called Street Events you can use to read and know about industry conferences and earnings releases. All in all, it is a professional application for professional investors.

17. ChartIQ Pro – Stock Charts and Technical Analysis

This is a great application for making charts on your iPad. You can easily draw charts, like overlay charts, Fibonacci retracements and trend lines.

So, these are some of the top trending applications you can use to enhance your trading and investing.

What Makes an Elite Trader

Market Place

27/10/2014

Being a trader you might know the fact that there are many traders in the market and all have different trading styles, attitudes, strategies, so on and so forth. However, the most important thing you have to think about is there are only a small number of elite traders present in the market today. Now, you might be thinking what an elite trader is and what are their characteristics? What do all elite traders share in common? Who among the traders end up having it all?

Are they the ones who are aggressive or the ones who like do things in a manner which can be described as calm, collected and above all, calculated? Are all top traders Harvard or Wharton Business School graduates or are they dropouts that went from rags to riches? Mentioned below is the answer to all your questions, and when it comes down to it, everything really is about your tenacity and your attitude and your ideology.

Characteristics of Awesome Traders

Elite Traders Are Always Calm and Collected

Trading is emotional. You have to admit that. As much as it is all about calculations, analysis and evaluations, it is also about losing yourself in the moment. That moment can be good or bad. It is the bad moments that tend to get to traders and plunge them towards the deeper end of regret and loss. And this is where elite traders prevail and become successful. Even in the most impulsive of situations, a good trader will never succumb to anger or any other emotional factor that might sway his judgment and or opinion on anything.

Look, they might sometimes say something which might not suit their personalities, (they are human after all) but the fact that they never let emotions rule them is incredible, awe-inspiring and something amateur investors should learn. So, emotional investing is a big no-no if you want to become the best of the best in trading.

Flexible & Modest

The road to becoming an elite trader begins with the understanding of when to call it quits and when to press on with the trades. Arrogant investors and traders always stake a claim in the market, indulge in revenge trading and never seem to be satisfied with any trade. They waste hours, weeks and months on ridiculous trades, hoping they might someday make it big. This is exactly the sort of style which leads to bankruptcy and humiliation. Brilliant traders will never claim the market for themselves. They know when to leave the market when things get thick and when they know they can’t handle it. Unless if you’re given advises from a bankruptcy attorney san diego!

Above all, they accept their losses because everyone suffers losses when it comes to trading. After all, profit and loss is the name of the game. It is imperative you understand that accepting rather than fighting the market is the right way to establish yourself as a trader.

Education & Knowledge

While it is true that most elite traders are formally educated and have degrees from top educational institutes, this is not the case with every elite trader. And when you talk about trading the real education, the knowledge that will help you is the information you have about the market and that is the only reality.

Formal education or not, elite traders make it a mission to learn each and every aspect of the game, of the markets, of different situations, circumstances, long-term and short-term trends. Anything and everything they know about the market that will help them succeed and come closer to accomplishing their dreams and fulfilling their aspirations. It is all about patience, wit and knowledge when you talk about effective trading. And it is only through knowledge about the markets that you will be able to create your own strategies.

Elite Traders are Always Competitive

You cannot get to where you want to go if you are not competitive and if you don’t have that spark and eagerness to win. Exceptional traders come up with something or the other to beat their rivals in the market, but they also think of the various ways they can learn to improve where they think they are lacking. It is always about winning and moving ahead and fixing weaknesses. It is all about practice, learning lessons from losses and understanding the core mechanics of the trade.

Elite Traders Exist to Trade

If you want to be the best of the best, you have make trading a big part of your life. For most of the successful traders in the world, trading has always been a passion, not just a job, not just a source of livelihood, but a passion and an affinity. So, if you want to learn how to trade effectively, you’d have to first learn to love the game.

All in all, these are some of the simple traits elite traders have which you should seek to adapt.

Top Must-Have Apps for Traders

Market Place

24/10/2014

It is no surprise we live in age of digital supremacy which has led us to manage certain aspects of our lives using a smartphone or a tablet. People are going mobile, there is no doubt about that and it is happening fast. And this technology is proving to be quite beneficial for everybody, which also includes traders and investors. A majority of investors now depend heavily on their phones to make active trades. They rely on their tablets more than they do on their laptops and computers. Why? That is because it is fast and it is frighteningly convenient.

And because of this sudden increase in demand for applications pertaining to trading and investing, developers are working day and night just to keep up with demand. A majority of brokerage companies have now completely incorporated the use of financial and trading applications for their clientele. And speaking of those applications, mentioned below are some of the best trading applications you should consider using to make your trades far more effective than before:

Top Apps to Have

StockTwits

You must have heard of Twitter. Well, StockTwits is just like Twitter for traders. This application will help you analyze and evaluate what traders are doing in the market. It will you read each move in real-time and will allow you to respond accordingly. With StockTwits, you will also be able to get to know about the rookie traders in the market as well receive information from some of the most well-known investment companies and media platforms. And the best part is the application is free.

FuturesLive

At times, some of the best applications are the easiest to use and it is in this regard you must consider using FuturesLive. Commodities’ traders continuously search for future quotes and there is no application better made for this function than FuturesLive. FuturesLive give traders a quotation from a variety of futures available from all big exchanges. It helps you organize those quotes and make categories like livestock and metals, in other words easier to understand.

Stock Guru for iPad

If you’re a big fan of the iPad, Stock Guru is just the application for you. Designed to be used on iPads only, it allows real-time evaluation of 7,000 stocks, which is amazing. You can evaluate the risk, financial integrity, momentum and a proprietary rating which adds everything up and presents it in the form of data files without the details (for those who don’t want to waste time understanding loads of information).

Bloomberg

You never know what’s going to happen tomorrow in the stock market. Things can get shaky in the blink of an eye and to be sure you’re not caught in a trade disaster, you’ll need an application which gives you on-time information and analysis in real-time. Bloomberg is the application of choice of many top traders in the market. The application provides up to date world financial news, graphs, stock quotes, etc. It also has a breaking news feature which allows you stay in loop.

AnalystRT

Look, either you would hate analysts from Wall Street or you would love them. But the fact is you need financial analyses if you wish to succeed. Some may rely on their analysis but others choose to ignore it. If you can’t imagine a life without an analyst, consider using AnalystRT as the application contains perfect rating for over 1000 stocks and enables you to make a keep checking your favourite stocks you are considering to buy.

Trade Interceptor

If you’re a Forex trader, this app is a must-have for you. Trade Interceptor comes with a cool charting feature which allows you analyze and use all your indicators. You can use the app to keep an eye on the moving averages, ATRs, Bollinger Bands, etc. The app also provides traders RSS feeds and real-time Forex updates and news. And because it is a third-party application, you can use it to trade with other brokers as well and supervise multiple trading accounts.

NetDania

Another really helpful application designed for traders is NetDania and it can pair up to 160 currencies worldwide to different stock indices, for example Dow Jones, FTSE 100, DAX and Nikkei. Plus, the app has a ton of cool trading tools you can work with to improve your strategies and implement them quickly and effectively. NetDania also gives you complete access to trading news of all sorts in real-time and you can enable the option of getting notified whenever a report you’re interested in surfaces which is really useful for busy traders.

These are some of the best trading applications you should consider using.

Controversial Investing Theories

Market Place

23/10/2014

When you talk about investment strategies and the theories on which those strategies are based, then you will run of breath but won’t run out of the sheer number of investing theories there are. There is a plethora of investing theories traders use in order to find what makes the market go and what each move made in the market signifies. Take Wall Street for example, there are investors in Wall Street who think they can use varying theoretical lines to combat and win against the market and there are those who favour efficient theories and do not believe the market can never be defeated. This divide is something real and it is staggering. There are so many theories that can be used to understand the factors which influence these markets and how an investor behaves in this market. Mentioned below are some conventional and unconventional investing theories you should at least know about or understand:

50% Principle

According to the 50% theory, a trend which is being observed by traders will experience a price correction before ending. This correction can range from one-half to two-thirds of the alteration in price. What this means is if a stock is increasing and has gained around 20%, before it can continue rising, it will fall by 10%. This example can be considered a bit over the top because usually this theory is applied on trends which are short-term and followed by traders with extreme technical analysis of the situation. This correction is looked upon by traders as occurring naturally and is sometimes caused by traders and investors who are in the habit of cashing out their profits before being sucked into the trend’s reversal after the trade. If the correction increases by 50% of the alteration in stock price, the trend itself is identified as a failure and that the reversal was caused by impulsive factors.

Efficient Market Hypothesis

There are a handful of investors who are likeminded or neutral at best when you talk about the efficient market hypothesis or (EMH). There is no grey area in between. Investors either shun the theory completely or oppose it. Investors who believe in the EMH use more broader and reflexive strategies for investing as opposed to those who emphasize on making investments using old school techniques, namely potential and growth, an analysis on undervalued assets, so on and so forth. According to the EMH, the price of shares in the market embodies all the available information about that particular stock. So, this means the stock is valued accordingly unless there is a change in the stock due to any other reason. And because of the fact that an investor cannot predict the future, he would proceed to buy a large number of stocks so that he can make a hefty profit from the rise in its price at the moment. This is what investors using EMH theory do. Others point to using more aggressive strategies to beat the market like Warren Buffet does.

Greater Fool Theory

The greater fool theory emphasizes you can make money from investing as long as there is an idiot in the market willing to purchase the stock at a higher price. What this really means is you can continue to make money from stock which a ‘greater fool’ is willing to buy off your hands. However, what happens is these ‘market fools’ begin to deplete as the market overheats. Traders adhering to this theory ignore all other factors and valuations involved in an investment, which is a huge risk.

Rational Expectations Theory

The rational expectations theory explains that the investors in an economy will use their strategies and tactics in a way which corresponds and matches with what can be rationally explained in the coming days. To put it in simpler terms, these investors like to invest and spend according to what they logically believe will affect them in the future. This helps investors to conform to a more self-fulfilling prophecy that determines how their actions will affect them in the future. It is imperative to understand that the rational expectations theory is considered an important economic factor. However, the utility of the theory, in the eyes of most investors, is still somewhat doubtful. For instance, a particular investor may think the price of a specific stock is increasing. He buys it, which allows the stocks to grow. Now look at it this way, this same transaction can be used in another example, an investor decides to buy undervalued stock, he keeps on buying it until other traders take notice of the stock and this ends up increasing the value of the stock. This helps identify one major flaw in the RET and that is you can use it to change the way you invest but it will never help you identify anything.

All in all, although it is important that you try and understand these theories, it is also important to know there isn’t any ‘one’ financial theory that can help you understand the world of finance.

#TradingDebates – Trading Volatility and Performance

Market Place

21/10/2014

Trading Volatility and Performance and the Opportunities and threats for the Financial Industry!

What does the future hold for trading volumes and market structure?
Fintech boom – an opportunity or a threat for financial services?
Is the global economy out of the woods?
Will “rate rage” save the euro or sound its death knell?

These are some powerful questions to put in the context of the global trading and investment industry. These questions are the main driver of the edition of event #TradingDebates.

After ten years of low market volatility and low interest rates, it is only now that the global markets are beginning to feel the repercussions and the question marks are still out there.

Analysts from top trading and investment banking industries all around the world are seeing a staggering plunge in transactional volumes along with deal flows. And the questions are still more than the answers. Whether you are bull or bear the markets are far from peaceful days and traders and investors see shifts continuously happening. As the notion of forthcoming rate spikes in developed nations draws near every moment, it is still uncertain whether or not the investor will be ready for what everybody is calling a ‘new normal’ in the financial industry.

Nevertheless, a midst the dark or grey (whatever you prefer) clouds of uncertainty and doubt there is a light shining in the form a new more interesting positive renaissance in financial technology and all the new innovation coming from new Fintech proposals. And it seems like it has captured the interest of a several new players in the market.

#TradingDebates

Following a successful series of debates Saxo Capital Markets is proposing a new event that with a powerful display of some of the most influential personalities of the industry proposes a reflection about the present of the trading industry for traders and analysts alike.

#TradingDebates the outsanding event organised by Saxo Capital Markets and its flagship TradingFloor.com returns with a new key series of discussions and analysis on a range of issues relating to trading volatility and performance and at the same time reflecting on the new advent of innovation and technology in Finance – The Fintech new wave that London leads worldwide.

The event has been a successful one, both on the location and also on the digital arena where #TradingDebates, has been leading a fantastic social media engagement that recently was nominated by the Social Buzz Awards for the best Social Media Campaign of 2014.

Event Details

October 22 the fourth instalment of #TradingDebates at the British Museum brings an event with various financial experts, analysts and gurus that will come together to debate the future of the financial markets in light of the volatility that surrounds it. But also among the threats it aims to reflect the more positive emergence of Fintech and the opportunities this innovative variant brings to the financial and trading industry as a whole.

This year’s #TradingDebates will emphasise mostly on the consequences of low volatility that has been around for more than ten years causing interest rates to plummet in various financial markets across the globe. And if this volatility increases and if an interest rate hike occurs, it will mark a new phase of market volatility.

The debates will open with an insightful speech from Matteo Cassina, who is the Head of Saxo Bank’s Business Lines. He will be talking about “The Evolution of the Markets and Innovation”. After the speech, Cassina will sit with a panel to discuss the considerable transition of the financial markets in ‘What Does the Future Hold for Trading Volumes and Market Structure?’

Editor for the Financial Times UK, Phillip Stafford will be arbitrating the panel, a panel of experts that will seek to explore an alteration in trading activity which has now been significantly fashioned by a plethora of technological innovations, regulatory intrusions and structural moves. There will be valuable insight provided on the subject by the CEO of Turquoise, Dr. Robert Barnes, Andrew Bowley (Nomura), Sarah Hay (UBS) and James Davis, who is a partner at Oliver Wyman. All would be discussing the various ways market participants can successfully stay on top of the game.

A sheer drop in transactional volumes and deal flows has leveraged the rise of various prospects in the industry of financial technology. Anna Irrera, a reporter at Trading & Technology, will be overlooking a panel of brilliant financial minds, namely Julian Skan (Accenture), Javier Tordable (Eurexhange), Gerald Brady (Silicon Valley Bank) and finally, Ian Morgan, the Director of financial services at Google UK.

The panel will be discussing how the Fintech ‘boom’ has provided a new, more opportunistic door into the financial industry, creating waves in the market structure. The debate on ‘Opportunity or a Threat for Financial Service’ will measure and question how efficiently the traditional world of trading cross paths with the new investment.

The Financial Time’s own chief commentator, Martin Wolf, will discuss the ‘Shifts and the Shocks: What We’ve Learned and Have Still to Learn from the Financial Crisis’. Wolf will then discuss the probability of ‘weak’ monetary policies and programs which have done nothing but add fuel to the interest rates hikes in ‘Is the Global Economy Out of the Woods?’

Then, a panel including Danny Gabay (Director at Fathom Consulting) and Steen Jakobsen (Chief Economist at Saxo Bank) will delve in a discussion regarding should the central banks start to overturn QE and regularize policy. The respected speakers will talk about whether or not investors are ready for what could be a massive asset price correction.

The event’s last panel will discuss ‘Will ‘Rate Rage’ Save the Euro or Sound its Death Knell?’. Despite the fact that you can see a potential increase in the growth rate of both the US and UK economies, it is also true that analysts predict an era of weakness for the Euro. But, is the fall in Euro a possible answer for, or a particular symptom of the Eurozone economic depression and deflation?

The evening’s final panel will be overlooked by Jonathan Ferro (Bloomberg) and the panel will feature Kit Juckes (Societe Generale), Erik Britton (Fathom Consulting), Geoffrey Yu (UBS) and John Hardy (Head of Saxo’s FX strategy).

More on: https://www.tradingfloor.com/topics/trading-debates

The Bitcoin Price History So Far

Market Place

21/10/2014

Launched over 5 years ago, Bitcoin has now become the world’s truly decentralized digital currency and a large financial network. And since its advent, the crypto-currency has been subject to various ups and downs in the market. The digital currency’s market value has increased up to billions of dollars from virtually nothing. Millions of dollars have been invested in this currency in the form of Bitcoin start-ups which provide users digital wallet solutions. Mentioned below is a brief summary of the currency’s price history so far:

January 3, 2009

The brilliant, anonymous Satoshi Nakamoto creates and launches the Bitcoin platform by introducing his “genesis block”, which is also Bitcoin’s first entry in the worldwide transaction register. The following is the exact text documented in the register: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

January 9, 200
Satoshi launched the first Bitcoin version, the Bitcoin 0.1. He did it on the Cypherpunks mailing list. In November the previous year, Satoshi published a paper in the mailing list explaining the concept and design of the Bitcoin network.

January 11, 2009

Some people recognized the potential of the Bitcoin earlier than others and speculated that there is indeed an opportunity to make money through this revolutionary digital currency, especially for early users. According to Hal Finney, if Bitcoin proceeded to become a reserve currency, the worth of each Bitcoin could end up being $10 million.

January 12, 2009

The first transaction of the crypto-currency is initiated as Satoshi Nakamoto trades his first Bitcoins with Hal Finney.

August 15, 2009

Bitcoin proceeds to attract curious users, surely but gradually.

December 30, 2009

The slowly growing popularity and interest in Bitcoin proceeds on adding a first level up in the mining of Bitcoin. The Bitcoin network has an automated system which allows it to set different levels of difficulty pertaining to the harvesting of new Bitcoins so a fresh batch of Bitcoins is created every ten minutes. But by this date, there so many Bitcoin miners the network was forced to increase the difficulty so Bitcoins can’t be produced so rapidly.

May 18, 2010

Laszlo Hanyecz becomes the first person to ever spend his Bitcoins in a real financial transaction. Laszlo gave 10,000 BTC for any person who would be willing to order a pizza for him. Turned out, someone ordered for pizza for him. The value of the Bitcoin at the time was $0.0025. The value of those 10,000 BTC today would be $8 million.

July 11, 2010

Slashdot, an immensely popular technology news website, takes keen interest in Bitcoin, running a story which in turn resulted in an influx of demand for the new digital currency.

November 10, 2010

The US government shuts down WikiLeaks’ (a transparency group) ability to get funds. During the same time, a random Bitcoin user suggested WikiLeaks should consider investing in Bitcoins, which further creates a fluctuation in the price of the Bitcoin due to the controversy of WikiLeaks.

December 12, 2010

Satoshi Nakamoto published his final post on the Bitcoin Forum and a couple of months after his message he completely stops contributing anything to Bitcoin. Andressen becomes the new Bitcoin lead developer. No one knows who Nakamoto really is. Some say he’s one man, some say it’s a whole group of people. Still, no one is sure.

February 9, 2011

There is a price increase in Bitcoin and it reaches parity with the USD.

April 16, 2011

Jerry Brito published what was going to be the first official review about Bitcoin targeted at the mainstream media and other organizations. The media attention considerably aids in a further hike in Bitcoin prices which in turn amps up demand for the currency.

June 8, 2011

Bitcoin increases in value and ends up rising over $30, but then abruptly loses value.

A Bitcoin users claims he was robbed by hackers and they took over 25,000 BTC which had an estimated value of $500,000 at the time. Looking at it today, those BTC would be valued at $20 million.

November 19, 2011

The Bitcoin price goes down to to $2 and by December of the same year it rises again to $5.

September 27, 2012

The Bitcoin Foundation is established. The Foundation becomes known as a semi-official safe haven for the digital currency and starts off by paying Gavin Andressen (lead developer) a monthly salary.

January 7, 2013

A Bitcoin start-up by the name of BitPay emerges, a platform which provides merchants various Bitcoin trading solutions. BitPay ends up raising $510,000.

April 10, 2013

Bitcoin prices increase substantially and jumps up to $266. At the start of the year, the price of one Bitcoin was $13.50. However, by the end of the week, the value of the currency went down to a mere $50.

November 18, 2013

The US government holds a meeting and a congressional hearing regarding Bitcoin. Two days after this hearing, another hearing is conducted by the Senate Banking Committee. The meeting and hearings are nothing more than a positive indicator. Federal regulators emphasized on what can be done to further add to the success of the digital currency and not to impede it in anyway.

November 29, 2013

Bitcoin soars to exponential levels, having a price of $1,242 per Bitcoin.

To, conclude Bitcoin is now regarded as a lucrative and smart investment tool and there are many investors who actively trade with Bitcoins and have become wealthy.

Explaining Bitcoin Charts

Market Place

20/10/2014

The idea of a decentralized and unregulated crypto-currency which doesn’t have any political restrictions or limitations can be overly complicated at first. What Bitcoin does is compel people to change their perception about money and value transfer. Luckily enough, the Bitcoin community has been diligently able to perfectly consolidate informational data via a rather loose network of dedicated volunteers.

Mentioned below are some of the statistics mentioned on a Bitcoin chart, in no particular order. Although the list does not contain an explanation of particular statistics, like the mining and revenue operating margin, primarily due to the fact that these statistics concentrate more on a subset of the Bitcoin community.

Market Capitalization

Market capitalization on a Bitcoin chart shows the historical number of sum total of Bitcoins in the market which is then multiplied by the going exchange rate for that particular trading day in US dollars. You can think of it as a Bitcoin monetary base.

Price Chart

The price chart indicates the previous trade price for Bitcoin (BTC) as opposed to a variety of different currencies and ranks the exchange in accordance with a 30-day volume. You can also access advanced charting functions on the price chart. And the price depth indication of BTC/USD on the MTGox exchange is normally a good indicator of the total market price.

Exchange Volume Distribution

This Bitcoin chart is designed to indicate the trading volume distribution through the exchange as well as a number of different Bitcoin currency pairs.

Network Hash Rate

This chart displays the hashing complexity and the accumulated number of Giga hashes on a per second basis, which is considered the computation speed. The entire network is performing on for a series of different time windows. This is calculated by dividing the total target by the existing target where the target is a 256-bit number. The complexity of the computation is daunting and it shows how difficult it actually is to locate a new block in comparison to how easy it should and could be.

Difficulty changes every 2016 blocks or every two weeks, and to locate a block, the SHA-256 of a block’s header must at all times be less than or equal to the existing target in order for the block to be accessed and accepted by the Bitcoin network.

Hash Rate Distribution

This Bitcoin chart is a calculation of the hash rate distribution among the biggest of Bitcoin mining pool. It is imperative to track and estimate because the reliability of the entire network counts on a single factor which should not exceed 50% of the total hashing power. There is another more detailed option to do this, but requires the use of another data source and IP address that first relays the block. The data source is Block Origin.

Number of Day to Day Transactions

This chart is instrumental in finding out the overall number of exclusive Bitcoins which are traded on a daily basis. There is another version as well and the alternate version does not include the transactions with the 100 most popular Bitcoin addresses based on total results. And since the launch of Satoshi Dice, there has been a considerable rise in nominal transactions over the years.

Daily Transaction Volume

The daily transaction volume estimates the transactions and their volumes each day, in USD. An alternate source of measurement, which is in the form of graph monitors Bitcoin networks in real–time, including numerous other factors like block creation and the currency trade measured in BTC.

Bitcoin Days Destroyed

This chart applies a weekly average to the non-cumulative measurement. Bitcoin Days Destroyed for each transaction is measured by taking into account the total number of Bitcoins involved in a transaction, multiplying it by the total number of days it has been in transaction since those Bitcoins were last spent. Bitcoin Days Destroyed indicates a valid indication of the transactional volume transferred to the user and other account reorganizations due to the high value of days ‘destroyed’ and identifies less new Bitcoin and an increase of the old Bitcoin. You can consider it a tool for calculating monetary velocity.

Average Transaction Confirmation Time

The average transaction confirmation time is used to measure the ‘mean’ length of time a transaction takes for the block to accept. Reasonable estimations are based on the length of time and the approval of different transactions to be deemed as cleared or good. However, the risk level will be associated with the transaction’s total value. Another thing this chart shows is the fees paid for the transaction against those whose fees have not yet been paid.

Largest Recent Transactions

The largest recent transactions are gathered from the last 50,000 transactions. This list identifies an actual realization of the sizes of Bitcoin transactions which occur on the Bitcoin network.

So, these are some of the most important factors to consider when reviewing Bitcoin charts.

Related Posts:

What is Bitcoin Exchange?

Best Bitcoin Trading Platforms

How Bitcoin Prices Affect Exchange Volumes

How to Trade Bitcoin

What a Trader should know about Bitcoin

How to hedge against Risk when Investing in Bitcoin

Top Bitcoin Start-Ups

Top Bitcoin Exchanges

Top Bitcoin Exchanges

Market Place

17/10/2014

If you are interesting in trading Bitcoins, and understand its merits, strategies, methodology and the risks associated with it, you should probably start considering where you should start your Bitcoin trading from. And you not only can trade Bitcoin via various Bitcoin exchanges but you can also engage in a successful trade, investing in ‘alt coins’ like Litecoin, Namecoin, and Peercoin. You may also choose to use government issued money and other digital currencies. Essentially, it would do you good if you start your trade by first investing in the popular cryptocurrency, which is Bitcoin.

Mentioned below are some of the most famous and reliable Bitcoin exchanges you can start your trade with:

Coinbase

To start trading using Coinbase, you only require a bank account and nothing else. You can purchase Coinbase conveniently. Bitcoin also has an instant verification feature with Chase bank. So, if you have a couple of bank accounts, Coinbase is an ideal choice for you to start trading. Another great feature this Bitcoin exchange has is it allows users to purchase parts of the Bitcoin if you can’t afford one, which can cost you $1,000. This can also prove to be beneficial for you.

Bitstamp

Bitstamp also functions in the same way as Coinbase. The only difference is that Coinbase can be set up fairly quickly. While Coinbase is for Americans, Bitstamp can help you to start trading irrespective of whether or not you are an American.

BTC-e

If you like to start trading with Bitcoin, trade all form of cryptocurrencies as well as Bitcoin at BTC-e. The website is really fast in terms of setting up and trade. Especially, if you’re a day trader, the BTC-e has a considerable market volume and is the only Bitcoin exchange where you can day trade with convenience and speed.

Cryptsy

For a quick trading Bitcoin exchange, trading here will be of no use to you. However, if you are considering trading with ambiguous and smaller digital currencies, you can at least buy them from Cryptsy.

BTer

BTer provides its users a list of digital currencies. However, it pales in comparison to other exchanges in terms of volume and day trading. However, according to users trading at BTer has proven to be quicker than Cryptsy. So, you might freely be able to swing around some money at BTer in popular Bitcoin markets like BTC/LTC.

Bitfinex

Bitfinex is counted among the few Bitcoin exchanges which permit users to use ‘leverage’ utilizing marginal trading. Bitfinex offers the opportunity to use your money to liquidate different traders with a fixed fee in interest. The Bitfinex Bitcoin exchange allows traders to efficiently and effectively trade and use more money than they have available, which, in turn, allows traders to make huge sums of money on the amount invested. However, your chance of incurring a loss is also imminent with every trade.

Kraken

Kraken provides Bitcoin traders a plethora of trading options and advantages. For example, you can trade using popular alternative cryptocurrencies, including Dogecoin, Ripples and Litecoin. Plus, you can make profits in both USD/EUR. Furthermore it also allows users to conduct Bitcoin trades in large orders. You can also buy digital currencies at a percentage which can be below or above the fixed market price. Your trades can also automatically close at a particular profit range.

BTX Trader

BTX Trader specializes in giving traders a multitude of various advanced order, like stop loss orders and trailing stop orders. BTX Trader also provides users an interesting benefit and feature which most don’t: ‘hidden orders’. This allows a trader to place a limit order on the Bitcoins in the market that other traders will not be able to see. This is an advantageous feature indeed as you can test the market settings to see how they perform, particularly in markets where there is less liquidity and volume.

The Bitcoin market itself is volatile, but you can use the ‘hidden orders’ to conduct bigger trades which have the elasticity to swing the volatility of the Bitcoin markets in your favour and no one will find out that it’s you swinging the market.

So, these are some of the top Bitcoin exchanges you can use to conduct big or small Bitcoin trades no matter where you are.

Related Posts:

What is Bitcoin Exchange?

Best Bitcoin Trading Platforms

How Bitcoin Prices Affect Exchange Volumes

How to Trade Bitcoin

What a Trader should know about Bitcoin

How to hedge against Risk when Investing in Bitcoin

Top Bitcoin Start-Ups

Crowdfunding and Social Trading

Market Place

16/10/2014

Basically, social trading is referred to as ‘copy trading’ or ‘mirror trading’, it is a concept which comprises of ‘coping’ another traders’ strategies and methodologies to make successful trades, preferably of those traders who have been in the game for a long time and have amassed considerable experience. Social traders basically use a barrage of different online trading platforms to mimic consistent trading outcomes over a given period of time. So, in other terms, they mimic other traders who repeatedly make good trades.

In the Forex market, such successful traders are known as ‘lead’ traders. In social trading, what happens is when one of the lead traders place an order to sell or buy in the market, the exact same trade is displayed and managed on a social trader’s account.

Over the last ten years, social trading has seen a rise in popularity, specifically in trading areas like Forex and binary trading options. However, it is still a fresh trading trend. Social trading has seen a surge in popularity because of the massive increase in different markets has balanced the field and the trading information that was once only available to a few larger groups of traders in the market can now be accessed by all sections in the trading market. But a disadvantage of this wide reach of information is that traders who do not possess the experience or the necessary aptitude to trade and those who trade on minimal communication networks always tend to lose a significant amount of money.

However, the advantage of this situation is that now traders can discuss trading ideas and strategies with one another and view the current trading environment and the Forex markets from different perspectives. Although, there has been a downfall of this in retail trading when everything shifted to laptop and computers, there have been several outlets which have identified this problem and introduced social media networks to allow traders to discuss various different trading strategies with each other through their smartphones, tablets, laptops, etc. They now have the power to figure out the impact of different market events, thus allowing other social traders to copy prominent traders in the market.

Eliminating the Bias

Another advantage of social trading is that when you take trading and make it accessible to a wider group of people, not just individuals but to a community, you enable the members of those communities to trade without having to resort to personal bias which could lead to loss upon loss.

Moreover, when you add crowdfunding into the equation, it becomes much easier to target different groups to promote social trading by developing more social trading platforms which both teach and allow traders to trade efficiently without making silly mistakes. So, when traders come together as a team and a social group, it makes things far easier for them, especially when discussing how to approach a market, how to evaluate it and make good profits.

Understanding Majority Response

In order to build and act on a potentially lucrative trading idea, it is important you consider the sentiments of the majority actively participating in the trading markets. The strict reality of investing in stock is that you can indeed have a logical, analytical and a knowledgeable approach to a specific trade.

However, if a majority of the traders in the market do not favour that stock or strategy, your methodologies will amount to nothing. When you trade in complete isolation, it can become extremely complex to gain different perspectives in the market, especially of other traders. The only way you can eliminate this problem is engaging in a more open environment with other traders.

This surge in social trading and the emergence of social trading platforms is the immediate expression that signifies the need for discussions among investors, both rookie and professional, so that they can work out strategies resulting in a win-win situation for all.

Social trading platforms have indeed gained a massive recognition and enjoy a good reputation in the market which proves one thing: it is still a good idea to discuss and conduct considerable research of different reviews and trading testimonials before you actively participate in the market using any of the available social trading platforms. In any case, the merits of social trading are plenty, especially if you compare them to the disadvantages of isolated trading in a market which is expected to expand in the coming years.

How Reinvesting Dividend Makes Investors Become Richer

Market Place

15/10/2014

Have you ever wondered why some investor seems to get seriously rich, while other investors never seem to accumulate as much?

Either a newbie investor or not, if you ever come up with this type of question….Cheer Up! I’ve been in your shoes before until I discovered the golden nuggets.

This post is definitely for YOU! To help guide YOU to the right ticket of massive wealth. Now let’s get started….

Majority of investors doesn’t fully recognize that larger than 40 percent of the entire stock market returns over the past 50 years could be ascribed to dividends. For that fact alone makes dividend investing a piece of cake.

The technique is to search for companies with long-term history of paying consistently and expanding dividends frequently. The companies that meet this standard are for the most part steady, more predictable, and well-grounded.

A sure-fire way to help you get rich in stock market is through Reinvesting Dividends. So, how reinvesting dividend makes investor become richer?

Let’s first start with its exact definition….What is meant by “Dividend Reinvestment”?

According to Investor Dictionary…..Dividend Reinvestment plans let you take advantage of the power of compounding. Instead of receiving cash dividends from the company, you may purchase more of a company’s stock by having the dividends reinvested. You must sign an agreement with the company for this to be done. If you have a brokerage account or mutual fund, your firm may also have a dividend reinvestment plan. You should check with your firm or the company to see whether you will be charged for this service.

Furthermore, as your earnings build faster and reinvest your dividends the value of your return also increases.

Based on my several years of experience in stock market, I consider dividends one of the best wealth-building tools in the world of investing. But I consider the effect of compounding to be equally powerful.

Accordingly, the qualities of domestics stocks appear to be incredible for dividend reinvestment but the shares in international investment can be more substantial.

Why is this so?

Well, simply because…In general, international companies pay a higher profit yield compared to domestic partners. This implies that your portfolio will grow quickly because of the higher yield.

As you might know, compounding takes a lot of time, as the cash you’ve already earned on your investments begins to earn returns of its own.

For instance, if you put $15,000 into a savings account with a 6% annual interest rate, you’ll have $15,900 after one year. Then next year, you’ll be earning 6% on the $15,900 rather than just the original $15,000.

Initially, it may not be a huge value however the total impacts will truly sum up over the period of time. In dividend reinvestment, you will be consolidating both ideas into one super drive and setting yourself up for considerably more profits down the line.

Getting rich in dividend reinvestment is simple if you know the secrets… The best part is you don’t exactly need to be a star trader or market timer to reach your financial goals.

I’ve been working for more than 15 years in Stock Market and I’ve managed to accumulate a great deal of experience through it. I’ve learned that there are 3 important points to consider to be a successful in dividend reinvesting.

The secret to successful investing is to start investing early. The sooner you get started, the more opportunity you have for compound interest to work in your favor.

Invest as much as you can each year until you retire, bet on the entire market – not on individual stocks, invest automatically, reinvest dividends to buy more shares and keep your investing costs to a minimum.

Consistency Is a Must

Take advantage of the powerful effect of compounding over time by consistently reinvesting dividends. This strategy will help you create a sustainable, rising stream of dividend income and eventually allow you to be financially secure in the future.

A consistent rate of dividend growth demonstrates the underlying health of a company. It’s not just popular with investors, it’s a real business engine pumping out real cash.

Be Patient

By patiently reinvesting dividends over many years, you’ll achieve gratifying results in your own. It can be extremely enticing to use the cash in the account either by purchasing an auto or even a house at one point. Then again, if you just wait patiently one day you will have the capacity to buy whatever car and possibly the house that you ever wanted. You just need to be patient enough to push through the volatility onward to the higher ground.

In addition to this, I will also share some of the famous quotes by Warren Buffett on investing that I truly find inspiring and uplifting…Enjoy!

“Always invest for the long term.”

“No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”

“Buy companies with strong histories of profitability and with a dominant business franchise.”

“Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.”

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.“

“A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.“

“You shouldn’t own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.“

“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.“

In every business, good or bad times would constantly occur when things aren’t right. Moving relentlessly, on track, to your objective and having the patience to take as far as you need to get there can help you keep away from numerous pitfalls in your business.

Whether you are a newbie or skilled investor, if the three pointers I’ve shared has been performed properly it could pay off. Now prove to yourself that you have what it takes to become rich in Dividend Reinvesting!

Trader Personality Andy Krieger

Market Place

14/10/2014

All Forex traders aspire to become super traders. Let’s consider the trader personality Andy Krieger. Most have a hunger for that one big deal which has the potential to immortalize their name in the currency trading market and the industry. However, contemplating about becoming a legendary trader is easier than accomplishing the goals which can get you there. It is still great to get a bit of inspiration from some of the world’s most diligent and hardcore traders. Andy Krieger is one of those legends.

Black Monday, 1987

People who belong to the trading markets and those aspiring to become successful traders all know about the fateful incident that took place on October 19^th, 1987, when the stock market crashed. Dow Jones ended up falling 22%. The days that followed gestured towards a massive collapse of the world’s stock markets and most markets fell by 20% by the end of October. To the surprise of many, this collapse was not triggered by any single event. Experts believe that the collapse was a result of a mass panic that ended up devouring the entire market.

However, amidst everything, there was one currency trader working with Bankers’ Trust who wasn’t too concerned about what was going around him.

Introducing Andy Krieger

Andy Krieger, after graduating from Wharton School, joined Salomon Brothers and in 1986 joined Bankers’ Trust. It wasn’t long before he made his mark in the company, being labelled as one of the world’s most assertive and hard-hitting dealers. It was his reputation in the market that led the Bankers’ Trust to gain the full confidence and support of the board members. And it was because of this that he had a trading limit of $700 million, compared to the normal limit of $50 million.

The Attack on the ‘Kiwi’

In the wake of the stock market crash on that day, which has been noted in history books as Black Monday, Krieger became overly convinced and confident that the Kiwi (the New Zealand dollar) was susceptible to attack. Krieger, in light of his research, his diligence and aggressiveness chose to hit the Kiwi and take advantage of the situation. By utilizing his trading options, Krieger had the ability to leverage massive amounts and could own and control up to $30 to $40 million in actual currency.

And he did not hesitate to use his advantage to land a big speculative strike on the Kiwi in 1987. Because of the fact that he had a fairly large trading limit, he decided to leverage it by trading currency option spiking up to 400:1, which allowed him to topple the a massive amount of money to crush the Kiwi dollar. As a matter of fact, Krieger’s short position ended up being so large that he said it went past the entire country’s money supply. In simpler terms, he controlled more Kiwi dollars then there were in circulation in New Zealand.

The Outcome

Krieger’s move to destroy the currency had a catastrophic effect on the Kiwi dollar. The New Zealand dollar dropped by 5% against the US dollar in a span of just a couple of hours, allowing Krieger to make a staggering $300 million profit for the Bankers’ Trust just sitting there. Of course, the reaction of the Bank of New Zealand wasn’t pleasant. They were outraged and rightly so, but Krieger responded to their outrage by saying something only a man of calibre can say. He made it clear that Bankers’ Trust did not make a position that was significantly big for them. Instead he said that New Zealand did not have what it takes to handle the operations carried out by the company.

The damage he inflicted on the Kiwi dollar caused a lot of controversy for the New Zealand Central Bank. So much so that the New Zealand Central Bank and government official kept on asking the bosses at Bankers’ Trust to get him out of their currency. Shortly after the Kiwi incident, Krieger resigned from Bankers’ Trust and found started working for another trading legend and guru, George Soros.

So we can see that Andy Krieger is a trader personality. Part of why he resigned from Bankers’ Trust was also because of his disgust and anger at his former company which only gave a $3 million commission on a $300 million profit he made for them. After he left on good terms, Bankers’ Trust ended up reaffirming their foreign exchange and trade profits and that is because of the fact that they had no idea how Krieger operated and failed to understand his complex methods of trading.

Top Bitcoin Start-Ups

Market Place

13/10/2014

Due to the growing popularity of Bitcoin, Bitcoin start-ups have gained considerable recognition and begun to amass a significant amount of investment capital even when several of them are warned there could be serious risks associated with them in terms of fraudulent activities and worst of all, hacking.

But despite that several infant Bitcoin start-ups have successfully raised millions of dollars from powerful venture capital companies and angel investors which has also served to grant them a credible form of authenticity and permitted them to add a currency that is not regulated by the central bank, Coinsetter Inc. and Coinbase Inc. are among several start-ups who have successfully embarked on giving good Bitcoin and ‘alt coins’ trading options to users.

A List of Some Successful Bitcoin Start-ups

Coinbase Inc.

Coinbase Inc. is a digital currency company which provides users several digital trading and overseas digital trading solutions which enable them to buy, sell, use and accept Bitcoin or any other cryptocurrency securely and reliably. This also allows Coinbase to facilitate traders and merchants to conduct high/low order trading using Bitcoins. It is a strong platform which also provides cloud storage options for Bitcoins as well as a multitude of other merchant instruments.

BitPagos

BitPagos is the only payment gateway which is focusing its efforts on bringing easy Bitcoin to Latin America and provides customers the options to make payments via credit cards and it also pays out to traders in Bitcoin currency but charges a fee for it. What this exclusive and revolutionary feature does is provide traders an approach to Bitcoin trading which reduces their costs for effective, convenient, efficient and safer Bitcoin transactions across borders.

ButterCoin

An open source platform, ButterCoin is designed to be an efficient and high volume Bitcoin trading engine which can also be utilized to set trades in the order book. The design and concept of ButterCoin is based on LMAX and aims for an increased throughput while remaining vigilant of what is being traded via the platform.

Ripple

Created by Rip Labs, Ripple is an online currency exchange, payment gateway and remittance platform and exchange designed over open source internet protocols and distributed through a consensus ledger and a native currency known as ripples. The platform provides users secure, fast and almost free worldwide trade transactions of any size, eliminating chargebacks. The platform also accepts fiat currencies, like dollars, pounds, and yen, as well as digital currencies, like Bitcoin, Dogecoin and Litecoin. It also accepts commodities exchanges or any other unit which is of value, for example mobile minutes, and frequent flier miles.

Fundamentally, the platform is based around a ledger or a shared public database. In addition to indicating the balance, the public database also stores information pertaining to various buys, offers and sells currencies and assets, a feature no other exchange platform has.

Bitinstant

Established by Charlie Shrem and Gareth Nelson in 2011, Bitinstant provides its customers the ability to buy Bitcoins from over 700,000 stores, including big retail giants like Walmart, Duane Reade and Walgreens. A year after being founded, presidential candidate Mitt Romney got blackmail threats from an anonymous group, demanding he pays them $1 million in Bitcoin. At the time, Erick Voorhees of Bitinstant offered Romney a proposal that he is willing to buy the Bitcoins for him without charging any fee at all.

Tradehill Inc.

Tradehill Inc. is a strong digital currency exchange and platform for seasoned and experienced traders, investors, governments and businessmen. Moreover, Tradehill Inc. is considered to be an extremely secure and reliable exchange platform as it has never been hacked nor has it experienced downtime, unlike various other Bitcoin exchange platforms.

Bips

Bips is another prominent Bitcoin start-up which is both dependable and secure and is considered the most efficient Bitcoin checkout all over the globe. It’s so fast and convenient that users can easily check out and with just a single tap or click can pay online without having an account. Plus, you can also start receiving payments in Bitcoin in a matter of minutes with fast authorization.

So, these are the best Bitcoin start-ups which rose to popularity and success shortly after the Bitcoin currency increased in value and gained popularity.

Top Digital Trading Resources

Market Place

10/10/2014

If you want to become an aspiring Forex trader, it is increasingly important that you start learning and using the various digital trading tools which have been designed and created to aid you in trading efficiently and more precisely. Let’s consider hte top digital trading resources. These tools help you to minimize a plethora of risks associated with Forex trading, that is if you make bad decisions and calls. Online trading resources will significantly aid you in keeping track of your trading portfolios along with your stock trades and give you valuable forecasts which you can use to your advantage.

Mentioned below are some of the best digital trading resources you can use to master Forex trading:

Trademiner

Trademiner was designed to locate different trade trends in the stock market. The fluctuations in the stock market happen in cycles. With Trademiner, you have the advantage of predicting when another cycle is going to hit and to determine whether you will make a loss or a gain. So, Trademiner is an excellent tool you should consider adding to your arsenal.

Market Club

This powerful tool is a subscription service which provides users complete access to various stock market charting platforms, gives them newest trend evaluations and effective scanning services. Using Market Club, you will be able to conveniently identify different changes and trends in the stock market and monitor stock prices over short and long stretches of time.

E*Trade

E*Trade is an investment website which provides useful insights pertaining to the stock market. Plus, it also provides users a number of trade analysis resources and reports which can help you in making the best possible decisions. Using E*Trade, you can monitor and analyze Forex market trends and also review your own portfolio’s trading history.

Scottrade

Scottrade was designed to give investment advice to traders along with equipping them with optimized stock analysis tools, different trading platforms and a number of other features to help them make better trading decisions. The Quota and Research options are excellent for predicting future market trends or analyze one off stock prices. Via Scottrade, you can supervise your entire portfolio quite conveniently.

TD Ameritrade’s Thinkorswim

TD Ameritrade provides its state of the art Thinkorswim which was designed to provide traders accurate analysis pertaining to stock trends along with increasing their knowledge base in investing. You can think of it as an educational trading resource and a trading tool. You can use Thinkorswim to forecast cycles and locate them in the market and seek prices which best suit you.

FxPro Library

FxPro Library is an important trading tool created for stock traders who want to enjoy all the benefits of automatic stock trading, but lack the experience necessary to create their own EAs. FxPro has created a library of back tested EAs which were pre-built and created to increase your trading abilities and performance in the market. According to the research, it has been revealed that trading using proper EAs is far more effective than both manual and enhancing trading.

FxPro Quant

The FxPro Quant employs the use of cutting edge technology and is a powerful trading tool. The FxPro Quant enables traders to create and establish their own Expert Advisors (EAs) by simply using simple drag and drop options. You don’t need to have any sort of programming knowledge or experience at all.

FxPro Vault

FxPro Vault is a quick and efficient way to finance live trading accounts and is a one of a kind application in the Forex industry. The FxPro Vault is a powerful risk management resource which enables traders to transfer all the funds they are willing to risk to their Forex account, keeping the rest of the funds safe in the FxPro Vault to be used in the future.

FxPro Dashboard

The FxPro Dashboard is an important trade resource which allows traders to analyze the stock market and other trading activity. This trading tool will also enable you to analyze the Forex Market, including currency movers and client positions.

AutoChartist

>AutoChartist is an accurate charting and technical analysis tools in the Forex market. AutoChartist can also be used through FxPro’s MetaTrader 4 platform and also provides traders valuable information regarding lucrative trades through real-time Chart Patterns, Fibonacci Patterns, Key Levels and Market Alerts.

Trading Central

Trading Central is also a good trading resource designed to provide traders with specialized technical analysis pertaining to Forex trends. Trading Central is regarded as the best research tool available for traders who require detailed financial market reports.

So, these are some of the most important trading tools you can get your hands on and you should because it has allowed so many inexperienced traders to trade in the big leagues. They are a great help indeed.

Bitcoin: Legal, Regulation, Exchanges

Market Place

09/10/2014

Due to the rise in popularity of the Bitcoin, it has attracted the attention and interest of various law enforcement, tax and legal authorities. Each agency and authoritative body is in search for answers to solving the biggest mystery of all, and that is how Bitcoin fits inside current economic and financial frameworks.

Bitcoin has now become a controversial subject for regulators and tax authorities, both of which have excessively targeted the utilization of cryptocurrency and how it should be used. However, it is also true the proper authorities need a bit more time and are still way early in this game, which is exactly why most of the authorities are struggling to get a grasp of this popular digital currency. This is also why they cannot make any permanent laws for it.

On the other hand, amidst this controversy, there is a questions often posed by many people, and that is, is Bitcoin a legal investment? The answer quite simply is yes, it is, but that also depends on how you use it. Given below is a guide explaining who regulates Bitcoin:

So, Who Regulates Bitcoin?

It is important to understand that the laws and regulatory actions against Bitcoin in order to supervise it will differ from nation to nation. In the US, you can expect intervention from financial regulators that have taken active interest in Bitcoin along with several other cryptocurrencies. These regulators also work with regional regulators at sub-country levels. Here are some of the regulatory bodies which supervise Bitcoin activities:

FinCEN

FinCEN stands for the Financial Crimes Enforcement Network which is a regulatory agency in the US Treasury Department. It is the FinCEN that took the initiative to investigate Bitcoin trading in the US. The FinCEN also published various tips and guides pertaining to the utilization of cryptocurrencies.

In the guidelines published by the agency on March 18, 2013, they explained the situations and conditions under which digital currency investors and traders could be classified as money service organizations and businesses which are usually known as Money Transmitting Businesses (MTBs). It is mandatory for MTBs to put Anti-Money Laundering (AML) as well as Know Your Client (KYC) policies into immediate effect. It requires businesses to first engage in measures that can identify the customers these businesses are dealing with.

The CFTC

CFTC stands for Commodity Futures Trading Commission and is US based. Its primary objectives are to keep a keen eye on all financial derivatives. However, the CFTC is yet to announce any regulations, but it has made it abundantly clear it can announce a regulation if and when it wants to.

SEC

The US Securities and Exchange Commission (SEC) like the FinCEN and the CTFC, is yet to announce any regulations on digital currencies. However, the SEC’s Office of Investor Education and Advocacy posted an investor warning to alert people about investments which are conducted through fraudulent schemes designed to rob people of their money or in this case, Bitcoins. More specifically it warned people about Ponzi plans and plots after the SEC arrested Trendon T. Shavers, also known as Pirateat40, who was the owner of a Bitcoin savings company that generated over 700,000 Bitcoins by falsely claiming that it would pay investor 7% interest on a weekly basis.

Legislative Branch

The SEC has enforced the legislative branch of the US government to take into account Bitcoin’s overall legal standing. Shavers, in his defence argued that because Bitcoin is not the same as money, he can’t be tried and convicted. The judge, Amos Mazzant, begged to differ and issued a memorandum proving Bitcoin can indeed be used like money.

In August last year, the US Senate published letters to various law enforcement agencies and bodies getting inquisitive about the real dangers and risks of trading and using digital currency. One letter was also sent to the Department of Homeland Security. In the letter, the Senate complained about the lack of any paper evidence or trails that the other regulators and enforcement agencies could use to track cryptocurrencies.

It ultimately requested the Department of Homeland Security to approve policies which could guide them and tell them how they should treat digital currencies and also inquired about any information pertaining to ongoing strategic policies in the region.

In November, 2013, the Department of Homeland Security, along with various other regulative bodies, replied in kind to the Senate’s inquisitions. The Department of Homeland Security was most concerned about the various criminal threats rising due to the illegitimate use of Bitcoins, while both the Department of Justice and the Federal Reserve approved the legal aspects of the currency.

The SEC argued the interests allowed by virtual currency vendors as well as for those who provide returns on the grounds of being a virtual currency falls under the SEC’s remit.

Exchanges

FinCEN recognized exchanges as MTB and for virtual currency platforms and exchanges it explained any person who is a cryptocurrency exchanger or money transmitter will be deemed as an ‘exchanger’ if that person accepts decentralized digital currencies from one individual and gives to another individual as a part of a process which involves the use of cryptocurrency, funds and any other item of value which can be substituted for any currency.

What Can This Mean For You?

All in all, there is nothing to be overly concerned about because, as mentioned above, the legality of any cryptocurrency, may it be Bitcoin or Dogecoin, depends on how you make it and use the currency.

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Ten Best Bitcoin Website You Will Fall in Love with

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