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These are the most popular #myths in the #Forex arena. It's deep-rooted in #traders' minds that no one believes that these are false. Are you one of those? Get enlightened here https://wetalktrade.com/9-common-misconceptions-about-forex-trading/

These are the most popular #myths in the #Forex arena. It's deep-rooted in #traders' minds that no one believes that these are false. Are you one of those? Get enlightened here https://wetalktrade.com/9-common-misconceptions-about-forex-trading/ submitted by Wetalktrade to u/Wetalktrade [link] [comments]

How many years have you traded? What are the most important things you've learned? What is your weak point right now?

I started trading the beginning of 2012, and I had no freaking idea about the enormity of the FOREX arena, strategies, and general culture. At that time I was almost solely demo trading on a mobile app with about 7 indicators, anytime something crossed I would enter a position and I had no idea as to why anything was doing what the hell it was doing. You get the picture.
Now, however its mostly a different story. Yes I now use PA/TA coupled with FA. I'm reading Soros "Alchemy of finance" ($o Brilliant), I watch for s/d zones, and try to understand harmonics..try. I stil trade mobile, and still make a shit ton of mistakes, but honestly I dont mindx its learning.
So what Ive learned is:
1.) Know your entry and exit points of EVERY trade, so keep emotions in check for this, for me personally.
2.) Understand why price reacts to s/d zones the way it does and what it implies for future movemen.
3.) I love the Ichimoku.
4.) PA aligning with TA and FA is just an immediate trigger now.
5.) Dont follow too many pairs if you cant analyze them all with utmost scrutiny. I follow one or two for months at a time now. (mostly because of mobile limitations and schedule)
6.) News is great/terrible so act accordingly.
7.) FIBONAC(c)I
Now what Im struggling with is:
1.) Stop losses, I havent truly set up a finesse to using them and I generally never use them.. but im on EU and EJ fwiw.
2.) Money management or essentially over levaraging and margin calls after 200 pip moves.
3.) Drinking and trading... I wake up to both good and bad decisions, but generally bad ones on an exotic pair I have no understanding of.
4.) Thinking I can outsmart the market and that I know something others arent seeing and the market will immediately go exactly as I imagine (Id peg this to emotional and stubborn bias)
And well, thats all I can spit onto my phone right now, but I know there are plenty of mistakes I make that Im forgetting..
This forum has been a great resource, and like most of you I enjoy browsing it very much. Im curious to see where other people are at.
submitted by Pachanoi_compadre to Forex [link] [comments]

You might have come across people who treat Forex as a betting arena. Many of the people who incur losses don’t even know why it happened. So, they go into a vicious circle of losing time and again. Get to know Stop-loss techniques at http://dominion24.esy.es/register-for-webinar/.

You might have come across people who treat Forex as a betting arena. Many of the people who incur losses don’t even know why it happened. So, they go into a vicious circle of losing time and again. Get to know Stop-loss techniques at http://dominion24.esy.es/register-for-webina. submitted by edithadhanushya to u/edithadhanushya [link] [comments]

Liked on YouTube: 1 minute forex trading strategy - forex one minute strategy experts arena lesson

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1 minute forex trading strategy - forex one minute strategy experts arena lesson

1 minute forex trading strategy - forex one minute strategy experts arena lesson submitted by ForexBinaryStrategy to u/ForexBinaryStrategy [link] [comments]

Massive Profit Generating Forex Trading Arenas website On Rent Earning Model.

Massive Profit Generating Forex Trading Arenas website On Rent Earning Model. submitted by forex_blog to u/forex_blog [link] [comments]

Forex Trading Arena website

submitted by forex_blog to u/forex_blog [link] [comments]

Fx Arena? (Forex buyin contest)

So i like this idea of buyin tournaments, anyone with prior experience? Like withdrawal etc.. Im looking to register..
Thoughts on this FX Arena?
submitted by greatgreyshark to Forex [link] [comments]

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

Author: Christian Hsieh, CEO of Tokenomy
This paper examines some explanations for the continual global market demand for the U.S. dollar, the rise of stablecoins, and the utility and opportunities that crypto dollars can offer to both the cryptocurrency and traditional markets.
The U.S. dollar, dominant in world trade since the establishment of the 1944 Bretton Woods System, is unequivocally the world’s most demanded reserve currency. Today, more than 61% of foreign bank reserves and nearly 40% of the entire world’s debt is denominated in U.S. dollars1.
However, there is a massive supply and demand imbalance in the U.S. dollar market. On the supply side, central banks throughout the world have implemented more than a decade-long accommodative monetary policy since the 2008 global financial crisis. The COVID-19 pandemic further exacerbated the need for central banks to provide necessary liquidity and keep staggering economies moving. While the Federal Reserve leads the effort of “money printing” and stimulus programs, the current money supply still cannot meet the constant high demand for the U.S. dollar2. Let us review some of the reasons for this constant dollar demand from a few economic fundamentals.

Demand for U.S. Dollars

Firstly, most of the world’s trade is denominated in U.S. dollars. Chief Economist of the IMF, Gita Gopinath, has compiled data reflecting that the U.S. dollar’s share of invoicing was 4.7 times larger than America’s share of the value of imports, and 3.1 times its share of world exports3. The U.S. dollar is the dominant “invoicing currency” in most developing countries4.

https://preview.redd.it/d4xalwdyz8p51.png?width=535&format=png&auto=webp&s=9f0556c6aa6b29016c9b135f3279e8337dfee2a6

https://preview.redd.it/wucg40kzz8p51.png?width=653&format=png&auto=webp&s=71257fec29b43e0fc0df1bf04363717e3b52478f
This U.S. dollar preference also directly impacts the world’s debt. According to the Bank of International Settlements, there is over $67 trillion in U.S. dollar denominated debt globally, and borrowing outside of the U.S. accounted for $12.5 trillion in Q1 20205. There is an immense demand for U.S. dollars every year just to service these dollar debts. The annual U.S. dollar buying demand is easily over $1 trillion assuming the borrowing cost is at 1.5% (1 year LIBOR + 1%) per year, a conservative estimate.

https://preview.redd.it/6956j6f109p51.png?width=487&format=png&auto=webp&s=ccea257a4e9524c11df25737cac961308b542b69
Secondly, since the U.S. has a much stronger economy compared to its global peers, a higher return on investments draws U.S. dollar demand from everywhere in the world, to invest in companies both in the public and private markets. The U.S. hosts the largest stock markets in the world with more than $33 trillion in public market capitalization (combined both NYSE and NASDAQ)6. For the private market, North America’s total share is well over 60% of the $6.5 trillion global assets under management across private equity, real assets, and private debt investments7. The demand for higher quality investments extends to the fixed income market as well. As countries like Japan and Switzerland currently have negative-yielding interest rates8, fixed income investors’ quest for yield in the developed economies leads them back to the U.S. debt market. As of July 2020, there are $15 trillion worth of negative-yielding debt securities globally (see chart). In comparison, the positive, low-yielding U.S. debt remains a sound fixed income strategy for conservative investors in uncertain market conditions.

Source: Bloomberg
Last, but not least, there are many developing economies experiencing failing monetary policies, where hyperinflation has become a real national disaster. A classic example is Venezuela, where the currency Bolivar became practically worthless as the inflation rate skyrocketed to 10,000,000% in 20199. The recent Beirut port explosion in Lebanon caused a sudden economic meltdown and compounded its already troubled financial market, where inflation has soared to over 112% year on year10. For citizens living in unstable regions such as these, the only reliable store of value is the U.S. dollar. According to the Chainalysis 2020 Geography of Cryptocurrency Report, Venezuela has become one of the most active cryptocurrency trading countries11. The demand for cryptocurrency surges as a flight to safety mentality drives Venezuelans to acquire U.S. dollars to preserve savings that they might otherwise lose. The growth for cryptocurrency activities in those regions is fueled by these desperate citizens using cryptocurrencies as rails to access the U.S. dollar, on top of acquiring actual Bitcoin or other underlying crypto assets.

The Rise of Crypto Dollars

Due to the highly volatile nature of cryptocurrencies, USD stablecoin, a crypto-powered blockchain token that pegs its value to the U.S. dollar, was introduced to provide stable dollar exposure in the crypto trading sphere. Tether is the first of its kind. Issued in 2014 on the bitcoin blockchain (Omni layer protocol), under the token symbol USDT, it attempts to provide crypto traders with a stable settlement currency while they trade in and out of various crypto assets. The reason behind the stablecoin creation was to address the inefficient and burdensome aspects of having to move fiat U.S. dollars between the legacy banking system and crypto exchanges. Because one USDT is theoretically backed by one U.S. dollar, traders can use USDT to trade and settle to fiat dollars. It was not until 2017 that the majority of traders seemed to realize Tether’s intended utility and started using it widely. As of April 2019, USDT trading volume started exceeding the trading volume of bitcoina12, and it now dominates the crypto trading sphere with over $50 billion average daily trading volume13.

https://preview.redd.it/3vq7v1jg09p51.png?width=700&format=png&auto=webp&s=46f11b5f5245a8c335ccc60432873e9bad2eb1e1
An interesting aspect of USDT is that although the claimed 1:1 backing with U.S. dollar collateral is in question, and the Tether company is in reality running fractional reserves through a loose offshore corporate structure, Tether’s trading volume and adoption continues to grow rapidly14. Perhaps in comparison to fiat U.S. dollars, which is not really backed by anything, Tether still has cash equivalents in reserves and crypto traders favor its liquidity and convenience over its lack of legitimacy. For those who are concerned about Tether’s solvency, they can now purchase credit default swaps for downside protection15. On the other hand, USDC, the more compliant contender, takes a distant second spot with total coin circulation of $1.8 billion, versus USDT at $14.5 billion (at the time of publication). It is still too early to tell who is the ultimate leader in the stablecoin arena, as more and more stablecoins are launching to offer various functions and supporting mechanisms. There are three main categories of stablecoin: fiat-backed, crypto-collateralized, and non-collateralized algorithm based stablecoins. Most of these are still at an experimental phase, and readers can learn more about them here. With the continuous innovation of stablecoin development, the utility stablecoins provide in the overall crypto market will become more apparent.

Institutional Developments

In addition to trade settlement, stablecoins can be applied in many other areas. Cross-border payments and remittances is an inefficient market that desperately needs innovation. In 2020, the average cost of sending money across the world is around 7%16, and it takes days to settle. The World Bank aims to reduce remittance fees to 3% by 2030. With the implementation of blockchain technology, this cost could be further reduced close to zero.
J.P. Morgan, the largest bank in the U.S., has created an Interbank Information Network (IIN) with 416 global Institutions to transform the speed of payment flows through its own JPM Coin, another type of crypto dollar17. Although people argue that JPM Coin is not considered a cryptocurrency as it cannot trade openly on a public blockchain, it is by far the largest scale experiment with all the institutional participants trading within the “permissioned” blockchain. It might be more accurate to refer to it as the use of distributed ledger technology (DLT) instead of “blockchain” in this context. Nevertheless, we should keep in mind that a