EURAUD Extends Downfall from 11-Year Peak - Forex Area ...
EURAUD Extends Downfall from 11-Year Peak - Forex Area ...
7 Awesome Trading Movies You Need To See - Admiral Markets
EUR/USD Forecast: Downfall coming? Euro squeezed by covid ...
EUR/USD: Trifecta of worries points to a downfall Forex ...
5 Best Forex Signals Groups on Telegram - Mycryptopedia
Downfall - Forexbrokerz.com
EUR/USD Forecast: Downfall coming? Euro squeezed by covid ...
Forex Trading - Sky Alliance Markets
4 Common Reasons Why Forex Traders Fail - BabyPips.com
A massive downfall in #USDCHF. And we made easy profits in a quick time. Want such timely trades? Get our #signalsapp now. It's completely #free, don't miss it! https://traderpulse.com/forex-trade-signals/#pricing
I currently manage around half a million dollars and have been trading for 6+ years with 3 years of consistent profitability. Paid for my trading lessons the hard way by losing a lot of money at first. Here's some advice that might help you. 1) Treat trading like a business. I know you probably heard this 100 times before but I feel like I should emphasize this point. Majority of traders overestimate their ability to make money and underestimate their risk exposure. 2) Think long term. The more complex your trading system is, the less freedom it has in terms of flexibility because of too many variables in your analysis. So, keep your trading system simple. 3) Do not rationalize or predict the market. Do not look for comfort in your strategy. In fact, do the reverse. Find comfort in the thought that markets are chaotic and there's always a good chance of you losing a lot of money. This should keep you up on your toes and controls your greed during a profitable streak (You are not a money printing machine, trust me. ) 4) Every trade you open should be assumed as a loss. This is very important in terms of having a healthy mindset towards managing risk. I never open a position based on how much money I can make. I do it based on how much I can afford to lose in this particular trade. 5) Biggest mistake I have observed while working with other traders is not doing their homework. If you don't plan your trades before the day even began, then you will develop a mindset of chasing the market which will lead to your downfall. Which brings me to my next point 6) Maintain three things - a) your daily trading notes that you read before you begin trading b) market observation notes which includes particular strategies and observations in specific markets and c) a full fledged trading journal where you record everything you traded. Always remember that majority of your trading work is done when you're not trading. 7) Journaling is the most important and also most neglected part of trading and most traders, including some very good traders do it in a wrong way. How do I know that? Let me ask you something : Tell me about what kind of trading setups were the most and least profitable in the last 100 trades. Explain them to me in detail including your analysis and opinion on what you think might have happened. If you can answer this in detail and with specific examples from your last 100 trades then I know you have a good journaling habit. If you cannot , then it's time to improve on your record keeping. Remember that your journals are the only way you can guarantee that you will grow as a trader. 8) Remember this no matter what - Not having a position in the market is itself a position if you know what you are doing. There's no need for you to always trade all day everyday and try to make money. In fact, I can guarantee you that markets will not always behave according to your trading system and during those times trying to "find a needle in a haystack " type of behavior is reckless and will take an emotional toll on your mind. Just sit on the sidelines if the market isn't moving according to your system. 9) There's no thing as overbought or oversold scenarios especially in forex. Heaving a bearish bias because the market moved up by a lot is just ridiculous and most likely guarantee that you miss out on bullish scenarios. If you start developing a bearish bias after a huge bullish move then you better have a damn good reason for it instead of just saying " It moved up by a lot so I'm expecting a reversal". 10) This one is a personal opinion. Always remember to take breaks and relax during the weekends. Managing stress while maintaining performance is a huge part of the job and I don't want you to burn out after a few months of serious trading everyday. Maintain a decent social life outside of trading to keep your sanity intact. Get some hobbies. Your health and well being is very important to your long term performance as a trader so don't neglect it.
I just feel like I finally need to share my story (only person who knows so far is my sister, I absolutely needed to tell someone). So I've never understood the appeal of gambling. I never played slots, never ran poker for money or anything. My first sports bet was a Floyd Mayweather fight. Knowing what I know about boxing, getting a 20% return on my investment for May fighting McGregor was an absolute no-brainer. What I didn't know, though, is that I signed up for an extra promo and the cash out would not work. So this quickly spiraled into parlays and obscure tennis and football matches all over the world to be able to cash out what I put in. I lost 200 bucks, but the insight into people analyzing these things all day was somewhat fun. Shit result, but nothing that really hurt retrospectively. Wrote that off and never ever looked back at sports betting. Enter summer 2019. I get interested in the stock market. I read a lot, I actually do research on financial statements and decide to invest in actual stocks. It works. Commissions take the fun out, make gains miniscule, but it works. Enter finding out about Forex and CFDs. Leveraged. Again I start slowly, news tickers, books, lots of observation. Technical analysis is like old people horoscopes, but if I see movements that overshoot, I find out what causes them and decide if reversing them might make sense. I start with 200€ again. And it works. Beginners luck and the fact the stakes weren't high, but after a couple of weeks im up by 500€. 150% gain, Over 50 positive trades in succession. Not a single loss. The perfectionism will become my downfall as you might imagine. October '19. The FED is injecting repos into a market that keeps having these mini-recessions. The liquidity brings the spikes they hoped for, but the underlying problems won't just dissapear. So slowly, I am shorting the market. It keeps running up - I become aware that these trades will be longer term. I can hold the positions for a year. I know it will blow, I just wasn't sure when. On the ride up, I keep shorting. I'm slow to realize how the margin shrinks. I need to deposit more money. I can spare another 500. And another 250. And another 500. They say the market can be irrational longer than you can be solvent. November I lose my job. By January the P/L hits -4500€. I'm confident that this can't hold but I am running out of money. I'm ashamed to ask for financial help and I would never risk losing anyone else's money. So the credit card has to to. My card, my debt. WWIII almost kicks off the year and it finally dips. A single night later I witness the strength of the irrationality. My mental time frame is now to hold until middle of march. But the margin kills me, I am running out of money. I can't hold my positions. So one after another I start closing, panicking, how will I make this back?? This is it: I'll raise the stakes and just make this back. After all, these were my very first losing trades, even though they were huge. This is where I start to realize I am now gambling. I'm blindly taking positions to make money as fast as possible. Instead of making it back, I keep losing more. 3000 gone. another 1500. 1500 in a day. 700. 1150. Today I'm down 8000€. On a historic day. The one I was actually anticipating since October. The "coulda woulda shouldas" are incredible in this one. Not only would I still have 8000€, but I would've raked some extreme profits if I was able to hold. Instead, being unemployed gave me all the time in the world to watch charts and treat this liek a game I could gamble on. Unneccessary trade over unnecessary trade, ever shorter time frames, chasing every loss. The chasing and the frequency made me realize I have an addiction. The fact I deleted the app and still kept checking charts, just to hop back in and lose again. I started listening to the after gambling podcast and all the themes were so familiar, even when I wasn't betting, playing slots or cards or roulette. The mechanisms that ruined me were exactly the same. I just sold myself this dream instead of having someone else advertise it to me. This is by far the lowest point of my life so far and I can't tell wether that's a good or a bad thing. Debt is now about 1.5k + 6k student loans. Just the thought that I could be debt free today kills me. The thoughts of the vacations, the furniture and all the little gifts and trinkets the money could've been for me and the most loving girlfriend I have. It's gut wrenching. But more than anything else: The sleep, the health, the peace of mind that I have lost - the time - all the things I could have spent my time on. Educating myself, sports. Life was fuckin great until October, I ran my first half marathon; today I feel like a shell of my actual self. I am sorry for this massive wall of text, but I really needed to let go of this. Today is day 1 and we will count to infinity. Have a great day and keep those spirits high. <3
Will starting your own crypto exchange like binance payoff during this on-going crisis situation?
There’s no better solution than building your own crypto exchange for your business, especially in the current scenario we are in. The world seems to have turned upside down due to the Covid-19 outbreak that is revolving around us. People are staying put in their houses, completely out of access to everything. While the economy is also starting to take a downfall, traditional businesses are going through a tough time, and people have started relying more towards online platforms to fulfill their needs. With the market prices taking a slide during this pandemic, like the downfall in the forex exchanges, stock exchanges and bitcoin prices, crypto exchange seems to be the perfect solution that rightly fits the customer needs and a business that might ensure safer returns. Anyone from anywhere around the world with an internet connection can trade with cryptocurrencies. And particularly at this time, when online is the only source, building your own cryptocurrency exchange software will bring in ample investors for your business, thereby ample profits. For more information, please visit: https://www.cryptocurrencyexchangescript.com/cryptocurrency-exchange-software
People who scam their own kind or people in general are going to hell with Hitler
Since being in San Diego I have been attempted scammed two times by people I would hope would have enough sense not to do so. I am a black guy from a pro black City, yes we do have our problems there but at least we have institutes and stuff to build up other black people that are trying to make a life for themself and not out here giving false hope and information. A black girl in San Diego targeted me for her IML scam. A scam where they get people to join their company and they have to pay a membership fee to learn how to trade on forex, stuff you can learn on YouTube for free.also if you join and you do not want to pay the fee you have to go and recruit three other people.what really tick me off about this scam (because I already knew it was too good to be true but had nothing to do that day) is what she said out of her mouth that she was looking for people like us. I showed up and guess what everybody in that room was black. Today, a small petite little Latina girl with braces, the most innocent-looking thing strangely walked past every single white person in the trolley station and came up to each black person and Spanish person and then went up to me handed me this paper and said if you're looking for a job call this number. of course I didn't call that number but I did search up what it was. it was a technical college for profit that was not accredited. meaning if I would have went there I would have been thousands of dollars in debt, wasted 7 months of my life and wouldn't be able to find a job that this college promised me. Why would she just go after her own kind and other people of minority descent? There's no ounce of empathy, these people pray on the downfall of anybody they deem as an easy target just for a quick buck.
Accelerate your business growth with credit card processing services
Ordinary payment processing sometimes gets complex. But getting good offshore, international or high-risk payment solutions is difficult and can be a real nightmare. If you ever fall into one of those categories that are high-risk, then you had your merchant account application denied at least a few times. Sometimes it gets worse when your payment processing services get terminated and your money withheld from you for months. We at Amald understand your struggle. There are millions of businesses that go through the same situation and we are here to help you find out the perfect offshore merchant account for your high-risk business. While those who are looking to expand their business require offshore services that will allow them to accept multiple currencies for their business. We at Amald provide you with the best Offshore Merchant Account facility that will drive your business to higher growth. Reasons Merchants are labelled high-risk A bank's underwriting will determine whether the business is high-risk or low-risk business. Hence, each financial institution calculates risk differently. Chargebacks and frauds determine risk. The more the business is associated with getting chargebacks the more they are high-risk. For example- Travel business is considered to be high-risk because there are higher no. of cancellations due to outside factors such as weather condition. Adult entertainment is one more industry that is associated with getting numerous chargebacks. It is not unusual for customers to visit sites such as Adult entertainment and then ask for a refund claiming they never visited the site. There are various such other businesses like Gambling, Online dating, Nutraceutical and credit repair sites that are considered to be high-risk because they are more likely to get different, typical chargebacks. No one factor determines whether the industry is high-risk or low-risk multiple factors intend to determine whether the industry is high-risk or not. · Business location · Business size · Credit history · High chargeback ratio · Type of industry Though most merchants only become high-risk accounts only after they have compiled up excessive chargebacks. Though these merchants can take huge benefits such as increased sales volume, multi-currency option and recurring billing by using high-risk payment processing. What happens when a business is classified as a high-risk business? When a business is considered as high-risk, merchants still can accept credit card payments. However, these businesses are subjected to higher processing rates. Sometimes, the high-risk business also requests the bank to reclassify the business. Though it is not easy to reclassify considering the many factors that led to the classification. While a good credit card history of six months or low chargeback history can make them think to reclassify your business account. Banks or financial institutions expect a chargeback rate of less than 1% of a business total transaction. Difference between High-Risk or low-Risk Merchant Chargeback threshold determines whether the business is a high-risk or low-risk business. Every processor follows up a chargeback monitoring program. Higher chargeback would mean that you have higher no. of customer downfall or the merchant is losing more potential customers for their business. A low chargeback is considered to be good for merchants. Hence they always look to have efficient payment processor for their business so that they can have a better business transaction. There are many merchants such as Adult Entertainment, Forex Trading, Pharmaceuticals, Travel, Tech Support, Online Dating and various others who prefer to opt for the efficient processor that can drive the business to higher growth. We at Amald tend to provide significant Offshore Merchant Account services that will allow you to take your product or services to international customers.
Mga pasimuno ng sisiw investment scam timbog! SGP DRAGON TRADING / DRAGON GRANDEUR CORP. AND REQUIZA POULTRY CERTIFIED SCAMMERS!
\"SGP DRAGON TRADING / DRAGON GRANDEUR CORP. AND REQUIZA POULTRY\" \" CERTIFIED SCAMMERS \" NBI special action forces with the help of SEC conducted a company raid on Dragon Grandeur Corporation currently owned by the name of Kieran Parson. The said company was rumored to be an investment scam which was proved by the raid. Dragon Grandeur Corporation was advised by SEC that they must not accept any investors, money, or conduct seminar without them knowing it, but the company still insist of accepting any investors to make money. The company was filled with employees coaching an investor who’s trying to learn Forex trading before investing to learn more on the tradethat was happening on the company’s Facebook page. The promise made by Dragon Grandeur Corporation to all its target investors was very interesting since you only need to put money on their company and you’ll receive a set percentage of the money coming in from the company’s live trading, assuming that you invest 1k to 300k pesos 1 to 1.5% is your guaranteed income in dollar currency every day, you can also view the movement of your investment through the dashboard that the company will provide after signing the Memorandum of Agreement and the amount of investment money. The percentage also rises the more you invest to their company, you can also make money by inviting any potential investors, the more you invite, the more you receive. READ THIS ARTICLES FROM " ABS-CBN " https://news.abs-cbn.com/news/08/16/19/mga-pasimuno-ng-sisiw-investment-scam-timbog They also conduct free seminar about Forex trading for their investors so that they can mask their grotesque intentions. The company streams their live trading on their Facebook page every 10pm PH time, but it’s so confusing to watch without proper knowledge since you only follow the flow of charts flying all over the software used by the company. Unfortunately, The CEO/President of the company “Kieran Parson” was not present on the day of the raid, the employees of the company were arrested under the Securities of Exchange Code and Falsification of Documents. On the other hand, NBI and SEC also raided Requiza Poultry because of a suspicious advertisement reported by a potential investor that you’ll get 50% worth of income when you buy chicks to their company. https://preview.redd.it/ogplebbzqrh31.jpg?width=1242&format=pjpg&auto=webp&s=1c42f058e9b39a4968528751a94a97faa5fd80cf That statement became Requiza’s downfall because of the exaggerated percentage of income you will receive from them in a span of 60 days. Darlito Dela Cruz Marquez and his minions are still on the loose! No matter how many companies the authority raids, he can still build a company on any person’s name. We must stay vigilant at all times because we cannot differentiate a sheep and a wolf wearing sheep’s hide. He can blend in anytime, while waiting for the perfect chance to strike and sink its fangs to its victims.
Why I Joe Royalty Wallace started House of Kings Co. Because who else was going to make something amazing, something for people to wear and believe in. The people the millennial the "mes' have lost many things to believe in besides ourselves. Some who don't even have family or friends they can rely on, religion to look to, to me, people seemed lost and don't know whats missing and want to point to only the hype. Whats missing is a fulfillment, a desire to be royal again. I say royal again because internally when you are fulfilled you are now enlightened, when your enlightened they use to call you divine of gods creating you to be of royal descent. As redditor before famous owner or anything these are pure thoughts and ideas to my madness of why I am fighting this journey of fashion and clothing creating HOK to be a lifestyle luxury brand giving both LIFESTYLE and high quality shit. In my head when someone wheres a HOK or crwnseason shirt, they are not just wearing a shirt but they are wearing blood sweat and tears of every other enlightened person wearing the mark of HOK or crwnseason on that journey to their dreams. Its together we are kings and queens of this world to achieve great things. The idea came about after my own journey as JDRoyalty the dancer king I wanted to be known as. Branding going hard one of the first batch of youtube partners in 2010 apart of world of dance was able to touch an apollo stage etc and battlefest which is like the grammys for dancers created support apparel as if I was some celebrity because I felt like it I achieved from hard work dedication and belief in my own self and ideas I was able to create an internal sense of a god in my eyes a real god and we are created in the image of god so we are a piece of a god I felt I exercised this to a maximum creating the best feeling to ever achieve with a community website on "enjin" at the time of 1800 active members supporting donating and creating online graphics as hobbies to push as the "branded lifestyle" of jdroyalty continued to grow. Being young came a little downfall in the personal life that held a hiatus having me create for a dope team, sharpening my skills in life business and the street I came to an understanding of looking at the bigger picture of not just me but more than me. I want this dream bigger than me. HOK is a dream that is bigger than me that will succeed. If you have happened to find this House of Kings Co. only diary entry ever to put the people in the minds of the creator. Welcome to the movement, welcome to royal army the royal guard the House of Kings , and queens. Joe Royalty Wallace Founder 2015 @jdroyalty We'd die for this movement for the blood sweat and tears already in it. Lifestyle - Clothing - Content - Events NOW 2019 TO THE FUTURE `~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ HOUSE OF KINGS CO WILL GROW AS BOTH THE BIGGEST CLOTHING LINE THAT HOLDS EVENTS HOUSE OF KINGS CO ALREADY HAS ACHIEVED A MLM DOWNLINE IN FOREX OF 120 PEOPLE AND WILL BE AT 300 BY THE END OF 2020 MAKING HOK HAVING A NETWORK OF $120,000.00 www.houseofkings.cowww.im.academy/jdroyalty
Geco.one is a first project that will deliver the same functionality of financial instruments for the cryptocurrency market, making trading more attractive for existing and new users
While the value of Crypto market exposes several variances- the markets continue to show loyalty in the currency. Bitcoin’s protracted decline has taken the media’s focus frame for most of 2018. As the world has watched BTC burn, altcoins–and all of their downfalls and progress–have fallen to the wayside, minor parts in the tale of a legend. Upon nearer analysis, however, altcoins are far from wasted. The markets continue to improve, to evolve, and to increase. It’s a symbol which has been seen multiple times in the past. While Bitcoin’s market dominance has grown, the market scenarios then and now are quite different. With the significant uncertainty in the tomorrow of the price of Bitcoin, this could either be a very helpful or a terrible condition. Geco.one is a spotlight that enables you to safely fund in the cryptocurrency market utilizing skills and knowledge of experienced traders. Our flagship service, called Geco.one PAMM account/portfolio, allows you to invest in cryptocurrency pairs by entrusting your resources to experienced traders as well as providing you with all the tools necessary to become a crypto-trader yourself. Even at face value, it’s not the case when talking about cryptocurrencies as a movement generally, but also on top of that, there are specific cryptocurrencies that carry a lot more weight to them — and that’s where the Geco.one system comes into play. The inspiration is sourced from Forex Exchange where brokers like Alpari.com, (who introduced the PAMM accounts over a decade ago) has been using this system ever since with a huge success. Geco.one is a first project that will deliver the same functionality of financial instruments for the cryptocurrency market, making trading more attractive for existing and new users.
Is Rupee Marching Towards 75 Against Dollars In 2019?
Both fast paced global events and elections round the corner, have accelerated the journey of rupee on a rollercoaster already. Whether this ride is going to make rupee touch the mark of 75 this year or not, is the crucial question being addressed ahead. US President Donald Trump is consistently bringing protectionist policies for US, creating a stir in the emerging markets already. Trade tensions continue to escalate and hurt rupee. What further troubles is the Brexit uncertainty, making dollar exchange a magnet to money from all around the world. This is making the dollar stronger and thus it is no good news to the Indian currency. It is generally witnessed that private companies tone down their investments in the election year and thus the balance of payments do not recover. Further, if the current account deficit is further widened, the downfall of rupee is certain towards the end of the year. https://preview.redd.it/6fejrwjir9r21.jpg?width=500&format=pjpg&auto=webp&s=099c9848c32a5841a103fdf3eed563d0215e0329 The world's largest democracy and a fast paced emerging economy is heading towards election and this is when the currency is bound to get affected. India has been witnessing a stable economy under the current government who had a sweeping majority. The idea of a coalition holding chances to gain power brings the concept of uncertainty. Markets do not prefer the uncertainty that couples well with coalition. Election months also bring popular campaign methods as the forerunner, paving the way for inflation ahead, the factor which works well against rupee and will definitely escalate the dollar exchange to the feared 75 by the end of 2019. Moving ahead, it is important to understand the effect of the expected depreciation of rupee against dollar. Depreciation of the rupee will change the dynamics of the crude oil import bill. This will further trigger many other problems. The game play of rupee depreciation and inflation is yet another consequence of foreseen steep increase in dollar exchange. In the scenario of steep depreciation of the rupee, the RBI may hike the regulatory interest rates and that will in turn impact the investment and expenditure consumption negatively. Thus it is a clear no win situation for rupee if predictions and estimates about dollar exchange at 75 hold true. To book forex, this rollercoaster ride of rupee against dollar can be a tedious task. It will be difficult to decide which day will be the best one and which price is the lowest. At BookMyForex, we get you sorted here.
Taking the first step right forms the solid foundation for your career. You may be able to win trades with some random methods for now, but to be successful and consistent, you should definitely know what your style is. Ask yourself questions that could help get to know yourself better. To name a few:
How much time can you invest per day in trading?
Are you a fundamental or a technical trader?
How much can you risk?
The more questions you can answer for yourself, the more you can understand about yourself and help you identify your trading style.
A Right Mindset:-
If you are going to still carry on your weaknesses, you might as well consider quitting trading. Right trading requires the right mindset capable enough to withstand all the downfalls. You must remember that successful traders are made, not born. Make sure you follow your trading plans, control your unwavering emotions and be disciplined throughout.
Alright people, here it is, I am now going to try and explain the whole rupee fall phenomenon as simply as I can. We're going to first try and discuss the concepts involved here and then look at what our policy makers have done. Here's hoping that you last till the end cause it was quite a lot of effort. Why am I doing this? I am tired of all the lame rupee fall jokes that flooded my WhatsApp last week. I am tired of all the people telling the government to 'Make it stop!' (Spoiler: It's not that simple). Also, I am going to get out in the job market soon and am too lazy to brush up my basics in a formal way. The prospect of educating fellow redditors makes it worth the effort. Why should you read all of this? Because you care and by the end of this, hopefully, you'll be able to talk about this in a smarter way which will potentially improve your chances with that girl. It is likely that you may already know the answers to some of the questions here. Go right ahead and skip them because I am trying to do an ELI5 here. Let's take it from the top. What is a foreign exchange rate? It is the rate at which one currency will be exchanged with another. Why do foreign exchange rates exist? Simply because the currency of one country will not be accepted in another. We have a lot of countries and we have a lot of currencies and judging by the feeds on facebook, people travel a lot. Fun fact#1: The US dollar and the Euro account for approximately 50 percent of all currency exchange transactions in the world. Adding British pounds, Canadian dollars, Australian dollars, and Japanese yen to the list accounts for over 80 percent of currency exchanges altogether. Who or what decides the exchange rate between two currencies? On a fundamental level, The value of currency, like the price of any other good or service, depends on its demand and supply. And demand for a currency, say, the US dollar, typically comes from Indian importers, people or institutions that invest in the US and travellers to the US. All these agents require dollars for transacting in the US. Analogously, exporters to the US, travellers to India and investor inflows supply US dollars in return for rupees to transact in India. If the demand for the rupee decreases compared to, say, the US dollar, the value of the rupee goes down, and vice-versa So, it's all driven by market (buyers and sellers) forces? No, There are other factors too. But we'll take them up when we're discussing the Indian context. What role does something like RBI do in all this? To understand this, we're going to dive into a little bit of theory. Broadly speaking, there are two ways of handling your currency's exchange rate: A. The Floating Exchange Rate: The market determines a floating exchange rate. In other words, a currency is worth whatever buyers are willing to pay for it. This is determined by supply and demand, which is in turn driven by foreign investment, import/export ratios, inflation, and a host of other economic factors. Generally, countries with mature, stable economic markets will use a floating system. Virtually every major nation uses this system. Floating exchange rates are considered more efficient, because the market will automatically correct the rate to reflect inflation and other economic forces. The floating system isn't perfect, though. If a country's economy suffers from instability, a floating system will discourage investment. Investors could fall victim to wild swings in the exchange rates, as well as disastrous inflation. Did that previous paragraph ring a bell? Interestingly though, we don't follow a floating rate system. Fun fact#2: Canada is the only country whose currency's value is determined absolutely and entirely by the foreign exchange market or as we just learned, by means of a 'floating exchange rate'. Their Central Bank has never intervened in years. B. The Fixed or Pegged Exchange Rate: A pegged, or fixed system, is one in which the exchange rate is set and artificially maintained by the government. The rate will be pegged to some other country's dollar, usually the U.S. dollar. The rate will not fluctuate from day to day. You decree that 1 US Dollar will always be equal to 35 Rupees and that is it. Countries that have potentially unstable economies usually use a pegged system. Developing nations can use this system to prevent out-of control-inflation. And now your thinking: Holy shit! We can do that? Why aren't we doing that? Why don't we get our currency pegged as seen in the Fixed or Pegged Exchange Rate system? For starters, the system can backfire. If the real world market value of the currency is not reflected by the pegged rate, a black market may spring up, where the currency will be traded at its market value, disregarding the government's peg. When people realize that their currency isn't worth as much as the pegged rate indicates, they may rush to exchange their money for other, more stable currencies. This can lead to economic disaster, since the sudden flood of currency in world markets drives the exchange rate very low. So if a country doesn't take good care of their pegged rate, they may find themselves with worthless currency. To further explain, assume that the demand for US dollar increases. Consequently, its value increases, such that each dollar can now buy 10 rupees instead of 4 previously. To offset such an increase, the RBI pumps in sufficient amount of dollars into the market to meet the increased demand. This process ensures that the value of the dollar is restored to its original one. The central bank can supply and draw dollars from forex reserves, which is its official kitty. Well, the problem is, we ain't got much forex reserves. India’s forex reserves, which stand at $270 billion(As of the end of August, 2013) approximately, cannot defend the falling rupee eternally. To make sense out of that figure, let us assume that one bad day, all foreign investors in our country decide to take back their money (which is extremely unlikely). In that dire situation, the RBI would have to borrow to a tune of $215 million to pay them all back. To make matters worse, the increasing oil imports and falling export share in the recent months have contributed significantly towards draining (the already concerning levels of) our forex reserves. The arguments above indicate that the RBI does not have sufficient cushion to strictly adhere to a fixed rate regime. In fact, forex reserves are the only major 'reactionary tool' we have to prevent any speculation based downfall in the value of rupee. So if Forex reserves are so damn important, why haven't we been building them up? Actually, we have been trying to. Refer this graph. If you do a simple forex reserves News based search on Google, you'll find that the last month has seen a lot of ups and downs in it implying that the RBI is scrambling to plug the hole by raising and spending these reserves. But it's still not good enough. But but...that is a good graph, why is it not good enough? Enter Mr. CAD, the media's favourite buzzword At the end of 2007, the Current Account Deficit(Mr. CAD) of India stood at $8 billion. If you refer the above graph, you'll notice that we had a forex reserve of around 300 billion by that time. That means our forex reserves were 37.5 times the CAD. For 2013, the current account deficit is at $90 billion whereas the foreign exchange reserves are down to around $270 billion. That's just around 3 times that of the CAD. That is an alarming fall. What is a Current Account Deficit? Occurs when a country's total imports of goods, services and transfers is greater than the country's total export of goods, services and transfers. This situation makes a country a net debtor to the rest of the world. So, evidently, it has an impact with your foreign exchange rates. A substantial current account deficit is not necessarily a bad thing for certain countries. Developing countries may run a current account deficit in the short term to increase local productivity and exports in the future. Why is our Current Account Deficit so bad? Simply because we get a lot of our stuff from the outside. The most significantly burdensome items that we import are Gold and Oil. The two of them together constitute almost 50% of our total imports! Gold No kidding, we Indians love the yellow metal. We are in fact the largest consumer of Gold in the world. No seriously, our country is single handedly responsible for upto 20% consumption of the worldwide gold consumption. It makes sense to us because not only can we show it off at social events, we can also readily sell it later. In effect, it's like a Saving from the perspective of the mango people. Most Indians are blithely unaware that gold is not locally sourced but actually imported from countries such as Switzerland and the United Arab Emirates. Which is why we had Mr. Chidambaram 'appealing' to us. But nobody's going to listen to your appeals, Sir. My own financial security will always be more important than your CAD-MAD bullshit. Which is why we have steadily increased the import tariffs on Gold imports in an attempt to discourage gold consumption. Not very effective but it's something. Make no mistake though, although it will be 'nice' to have people buy less gold this season, in the long run, it will save yo ass. Fun Fact#3: "I have never bought gold at any point of time in my life. I don’t wear any jewelry — be it a ring or a chain, For me gold is just another metal, it just shines a little bit more.” - P. Chidambaram, Finance Minister of India - A country which is the largest consumer of Gold. Contd as Comment Below Due to Character Restrictions. Continue Reading at 'Oil'
Bitcoin Volume as a Bellwether to Unrest in Turkey
In the words of Confucius, “if you study the past, you define the future.” While this statement can be made applicable for many aspects of life, in none does it ring truer than political unrest and revolution. From protest in the streets to economic turmoil, political unrest (no matter where on earth you may find it) can shake the world’s socio-political and socio-economic pillars through and through. Furthermore, like the infamous Arab Spring and many other uprisings, political unrest and economic turmoil almost certainly lead to a change of power and regime. This sort of unrest can now be seen first-hand in many regions, however, it is the uprising in Turkey that should truly capture the eye of global governments and citizens alike, as it has quickly become a crucial turning point for the once theoretical concept of the use of Cryptocurrency as a state-wide currency, despite there already being a standard Fiat currency in Turkey – the Turkish Lira. For over 15 years now, Turkey’s Erdogan has lead the nation with the Iron fist of dictatorship in both the Prime Minister (2013-2014) and Presidential (2014-Present) positions. In June of 2018, Erdogan won his latest re-election with a vote of 52.4%. Despite this number (and the election in general), has been called corrupt, unjust, or fixed by many within Turkey and around the world, Erdogan had continued to coral power throughout the region. Furthermore, although Erdogan may be extremely powerful within Turkey, his blatantly dictatorial actions have made him a pariah on the world stage and has led to super powers like the United States imposing harsh sanctions on the nation. While Erdogan’s poor leadership and dictatorial mindset can certainly be blamed for the current economic downfall of turkey – with the Turkish Lira losing value at a current rate of 3.3889-6.6870 Lira/USD in the past year alone – it can certainly be said that the sanctions (and warning of sanctions) by the United States has been far from helpful for the nation’s desperate population or chaotic state. Although such economic hardships and downturns almost never affect the elite / ruling class, the every-day-Joe Turkish citizen is suffering greatly under an abusive regime, a failing economy, and the restrictions that come with a 9.6% unemployment rate throughout the nation. Furthermore, while many citizens may want to protect their assets by investing in foreign currency as the Lira falls, Turkey’s Erdogan has recently called for all citizens to sell their foreign currencies in an effort to prop up the Turkish Lira – stating that the government will confiscate your money when we find it.” So then, what might be the solution for the Turkish people? Their economy is failing, their nation is being hampered by international sanctions, and they’re living their lives under the thumb of an extremely oppressive regime, how might they help (or even save) themselves? Most Turkish citizens seem now to be turning toward Bitcoin and other cryptocurrencies for financial security and relief. This flood of cryptocurrency is not unique toward Turkey however, in fact, through analysis and comparisons of both cryptocurrency exchanges and Forex pairings, one may note the sudden influx of cryptocurrencies in places like the Korea, Poland, Russia and Turkey – which makes sense, as all of these places are seeing some level of unrest amongst their populations. If seen as a store of value, rather than a viable money-making investment, (which, in reality, is what Bitcoin should be seen as and is), one might ask the question: “Why would people who feel safe / secure with their nation and its economy need to store their money in anything other than the currency of the country?” Furthermore, once the cross-examination of cryptocurrency markets and Forex markets are accompanied by news reports of injustice and civil unrest, it may become extremely clear what’s going on in these nations. Furthermore, this may be used in the future as an indicating factor for civil wars – as usually economic downturn turns the military on its leaders and a coup begins, especially if the people are on their side. While such links are, for now, theoretical, as time unravels the fate of Turkey’s current dictator, it’ll undoubtedly be extremely interesting to see how cryptocurrencies may continue to play a role in either the potential regime change or whatever else might come. After all, when looking for clues one should always “Follow the money”.
I am a bot trying to encourage a balanced news diet. These are all of the articles I think are about this story. I do not select or sort articles based on any opinions or perceived biases, and neither I nor my creator advocate for or against any of these sources or articles. It is your responsibility to determine what is factually correct.
[CHALLENGING] Econ Redditors! How would you radically redesign (global) economy so it worked better?
Imagine that in 5-10 years, after a monumental economic downfall, there would be an opportunity to put in place a new economic system, designed fresh by you. You can follow these questions as a framework for thinking, or write down whatever ideas come to your mind. the new economic system:
What would it look like?
How would it work?
Why would it work?
Would it be sustainable?
What would be the role of currencies (aka money)?
Who would issue the money? Based on what?
How would you deal with debt? And interest rates?
What would be the role of governments?
Would there be stock exchanges, forex, hedge funds, etc?
How the un/employment would look like?
How would (private) ownership look like?
How would be natural resources allocated/distributed?
Is the system working anywhere already? Where and with what results?
Would you enforce such system around the globe? Why? Under what authority?
If I may kindly ask, please put as much thought into this as possible, I'm extremely interested in fellow Redditors' visions. Write down your proposal in detail, and please avoid simple -isms (capitalism, communism, socialism, etc.). Thank you very much, looking forward to engage in discussions about models. note: originally posted on /AskReddit yet it was a poor choice for such a niche post; think this place is much more appropriate EDIT: I'm back from abroad, finally ready to react to more comments. Thanks for all contributions, btw.
With our service, your Forex trading account is linked to our company's Forex account using our copier. Each time our software executes a trade in our trading account, your account will automatically execute the same trade with the recommended lot size automatically calculated. You still remain in full control of your account and we don’t control the account directly. You don't need to have ... EUR/USD has been under pressure as coronavirus cases are surging in Europe and the US. US fiscal stimulus talks seem closer to collapse. Uncertainty about the elections also boosts the safe-haven ... In forex trading, traders often develop a bias on a currency. Not that there’s anything wrong with it, but the downfall of this is that sometimes they get paralyzed when their trades don’t go as they’ve planned. They stick to their trades, insisting on being right and refusing to exit their already-losing positions. I’m all for commitment when it comes to relationships and career but ... Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and ... The forex market has the highest liquidity in the world. Your traded currency is easily turned in to profitable earnings. The global forex markets are open 24 hours 5 days a week. Unlike other trade products, where a downfall in the market can leave traders with untradeable assets, the forex market can always find a buyer or a seller. Apply now to start trading! Start Trading Forex with Sky ... 3. SSJ Forex Signals. The key word to describe SSJ Forex Signals is that they are a group who go for volume of signals. With an estimated 4 to 7 signals per day, you won’t be short of signals to choose from. However, it’s this volume that sometimes is the group’s downfall. When posting such a large number of signals on a daily basis, it ... India's Fx Reserves fall on Global Financial Downfall Oct 07 2011 12:07:02 Forexbrokerz.com in Market. News:India's foreign exchange reserves fell to $311.482 billion as on Sept 30, from $312.707 billion in the previous week The changes in foreign currency assets are attributed to the effect of changes in other currencies held in the reserves like euro , sterling , yen . EURAUD is extending its negative rally below the 50.0% Fibonacci retracement level of the up leg from 1.5340 to 1.9800 at 1.8740 and beneath the 40-day simple moving average (SMA) currently at 1.7543. The selling interest started from the eleven-year... Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept ... Islamic Forex Account Trading Calculator Fees Documents & Policies Trading App NEW Products expand_more. Markets. Forex ... It does not shy away from exposing greed and its moral downfall either. Kevin Spacey brilliantly plays the role of a Head Trader. No matter how deep you are in trading, you need to watch this one. 6. Trader (1987) This film was made in 1987 during the raging bull market ...
Downfall from ancient Egypt - FX-Avatar Trading Software
This video is unavailable. Watch Queue Queue. Watch Queue Queue Original Artist: De'Monte Sims - Downfall Follow DeMonte Sims on Social Media Twitter: https://twitter.com/DeMonte_Sims Instagram: https://www.instagram.com/... #Forex Market Analysis ~ 'The Dollar Downfall' Trading #EURUSD, #GBPUSD, #XAGUSD & #XAUUSD ~ Like, comment, subscribe and turn on post notifications 🔔 for a chance to win lifetime training ... Die Trading Strategie - Coffee Downfall nutzt ein sehr starkes unterwöchiges Muster im Kaffee-Future. Sie arbeitet an allen Tagen außer Montag. Mehr zu die... Join our Telegram channel http://t.me/forexpros1997 Website http://forex-mongers.com/ Whatsapp +92 317 8371 497 वेलकम टू स्पीड अर्निंग कॉम / स्पीड अर्निंग इन आज इस वीडियो में आखिर तक आप ये ...