Forex Global – Global Profits From Daily Forex Trades

Forex-Rigging Fines Could Hit $41 Billion Globally: Citi (if you steal and give politicians tons of cash and get caught then you have to pay back some of what you stole). It is hard to imagine how much more corrupt government could be - though governments seem to find ways to do so.

submitted by curiouscat to cash_for_votes [link] [comments]

RBI & how its policies can start to affect the market

Disclaimer: This DD is to help start forming a market view as per RBI announcements. Also a gentle reminder that fundamentals play out over a longer time frame than intraday. The authors take no responsiblity for your yolos.
With contributions by Asli Bakchodi, Bran OP & dragononweed!

What is the RBI?
RBI is the central bank of India. They are one of the key players who affect India’s economic trajectory. They control currency supply, banking rules and more. This means that it is not a bank in which retailers or corporates can open an account with. Instead they are a bank for bankers and the Government of India.
Their functions can be broadly classified into 6.
· Monetary authority
· Financial supervisor for financial system
· Issuer of currency
· Manages Foreign exchange
· Bankers bank
· Banker to the government
This DD will take a look at each of these functions. It will be followed by a list of rates the RBI sets, and how changes in them can affect the market.
1. Monetary Authority
One of RBI’s functions is to achieve the goal of “Price Stability” in the economy. This essentially means achieving an inflation rate that is within a desired limit.
A monetary policy committee (MPC) decides on the desired inflation rate and its limits through majority vote of its 6 members, in consultation with the GoI.
The current inflation target for RBI is as follows
Consumer Price Inflation (CPI): 4%
Upper Limit: 6%
Lower Limit: 2%
An increase in CPI means less purchasing power. Generally speaking, if inflation is too high, the public starts cutting down on spending, leading to a negative impact on the markets. And vice versa. Lower inflation leads to more purchasing power, more spending, more investments leading to a positive impact on the market.
2. Financial Supervisor For Financial System
A financial system consists of financial markets (Capital market, money market, forex market etc.), financial institutions (banks, stock exchanges, NBFC etc) & financial assets (currencies, bills, bonds etc)
RBI supervises this entire system and lays down the rules and regulations for it. It can also use further ‘Selective Credit Controls’ to regulate banks.
3. Issues of currency
The RBI is responsible for the printing of currency notes. RBI is free to print as much as it wants as long as the minimum reserve of Rs 200 Cr (Gold 112 Cr) is maintained. The RBI has total assets or a balance size sheet of Rs. 51 trillion (April 2020). (1 Trillion = 1 Lakh crore)
India’s current reserves mean our increase in currency circulation is well managed.
4. Manages Foreign Exchange
RBI regulates all of India’s foreign exchange transactions. It is the custodian of all of foreign currencies in India. It allows for the foreign exchange value of the rupee to be controlled. RBI also buy and sell rupees in the foreign exchange market at its discretion.
In case of any currency movement, a country’s central bank can directly intervene to either push the currency up, as India has been doing, or to keep it artificially low, as the Chinese central bank does. To push up a currency, a central bank can sell dollars, which is the global reserve currency, or the currency against which all others are measured. To push down a currency, a central bank can buy dollars.
The RBI deciding this depends on the import/export and financial health of the country. Generally a weaker rupee means imports are more expensive, but are favourable for exports. And a stronger rupee means imports are cheaper but are unfavourable for exports.
A weaker rupee can make foreign investment more lucrative driving up FII. A stronger rupee can have an adverse effect of FII investing in markets.
5. Banker’s Bank
Every bank has to maintain a certain amount of reserve with the RBI. A certain percentage of a bank’s liabilities (anywhere between 3-15% as decided by RBI) has to be maintained in this account. This is called the Cash Reserve Ratio. This is determined by the MPC during the monetary policy review (which happens every six weeks at present).
It lends money from this reserve to other banks if they are short on cash, but generally, it is seen as a last resort move. Banks are encouraged to meet their shortfalls of cash from other resources.
6. Banker to the government
RBI is the entity that carries out ALL monetary transactions on behalf of the Government. It holds custody of the cash balance of the Government, gives temporary loans to both central and state governments and manages the debt operations of the central Government, through instruments of debt and the interest rates associated with them - like bonds.
The different rates set & managed by RBI
- Repo rate
The rate at which RBI is willing to lend to commercial banks is called as Repo Rate.
Banks sometimes need money for emergency or to maintain the SLR and CRR (explained below). They borrow this from RBI but have to pay some interest on it. The interest that is to be paid on the amount to the RBI is called as Repo Rate.
It does not function like a normal loan but acts like a forward contract. Banks have to provide collateral like government bonds, T-bills etc. Repo means Repurchase Option is the true meaning of Repo an agreement where the bank promises to repurchase these government securities after the repo period is over.
As a tool to control inflation, RBI increases the Repo Rate making it more expensive for banks to borrow from the RBI with a view to restrict availability of money. Exact opposite stance shall be taken in case of deflationary environment.
The change of repo rate is aimed to affect the flow of money in the economy. An increase in repo rate decreases the flow of money in the economy, while the decrease in repo rate increases the flow of money in the economy. RBI by changing these rates shows its stance to the economy at large whether they prioritize growth or inflation.
- Reverse Repo Rate
The rate at which the RBI is willing to borrow from the Banks is called as Reverse Repo Rate. If the RBI increases the reverse repo rate, it means that the RBI is willing to offer lucrative interest rate to banks to park their money with the RBI. Banks in this case agree to resell government securities after reverse repo period.
Generally, an increase in reverse repo rate that banks will have a higher incentive to park their money with RBI. It decreases liquidity, affecting the market in a negative manner. Decrease in reverse repo rate increases liquidity affecting the market in a positive manner.
Both the repo rate and reverse repo rate fall under the Liquidity Adjustment Facility tools for RBI.
- Cash reserve ratio (CRR)
Banks in India are required to deposit a specific percentage of their net demand and time liabilities (NDTL) in the form of CASH with the RBI. This minimum ratio (that is the part of the total deposits to be held as cash) is stipulated by the RBI and is known as the CRR or Cash Reserve Ratio. These reserves will not be in circulation at any point in time.
For example, if a bank had a NDTL (like current Account, Savings Account and Fixed Deposits) of 100Cr and the CRR is at 3%, it would have to keep 3Cr as Cash reserve ratio to the RBI. This amount earns no interest.
Currently it is at 3%. A lower cash ratio means banks can deposit just a lower amount and use the remaining money leading to higher liquidity. This translates to more money to invest which is seen as positive for the market. Inversely, a higher cash ratio equates to lower liquidity which translates to a negative market sentiment.
Thus, the RBI uses the CRR to control excess money flow and regulate liquidity in the economy.
- Statutory liquidity ratio (SLR)
Banks in India have to keep a certain percentage of their net demand and time liabilities WITH THEMSELVES. And this can be in the form of liquid assets like gold and government securities, not just cash. A lot of banks keep them in government bonds as they give a decent interest.
The current SLR ratio of 18.25%, which means that for every Rs.100 deposited in a bank, it has to invest Rs.18.50 in any of the asset classes approved by RBI.
A low SLR means higher levels of loans to the private sector. This boosts investment and acts as a positive sentiment for the market. Conversely a high SLR means tighter levels of credit and can cause a negative effect on the market.
Essentially, the RBI uses the SLR to control ease of credit in the economy. It also ensures that the banks maintain a certain level of funds to meet depositor’s demands instead of over liquidation.
- Bank Rate
Bank rate is a rate at which the Reserve Bank of India provides the loan to commercial banks without keeping any security. There is no agreement on repurchase that will be drawn up or agreed upon with no collateral as well. This is different from repo rate as loans taken with repo rate are taken on the basis of securities. Bank rate hence is higher than the repo rate.
Currently the bank rate is 4.25%. Since bank rate is essentially a loan interest rate like repo rate, it affects the market in similar ways.
- Marginal Cost of Funds based Lending Rate (MCLR)
This is the minimum rate below which the banks are not allowed to lend. Raising this rate, makes loans more expensive, drying up liquidity, affecting the market in a negative way. Similarly, lower MCLR rates will bring in high liquidity, affecting the market in a positive way.
MCLR is a varying lending rate instead of a single rate according to the kind of loans. Currently, the MCLR rate is between 6.65% - 7.15%
- Marginal Standing facility
Marginal Standing Facility is the interest rate at which a depository institution (generally banks) lends or borrows funds with another depository institution in the overnight market. Overnight market is the part of financial market which offers the shortest term loans. These loans have to be repaid the next day.
MSF can be used by a bank after it exhausts its eligible security holdings for borrowing under other options like the Liquidity adjustment facilities.
The MSF would be a penal rate for banks and the banks can borrow funds by pledging government securities within the limits of the statutory liquidity ratio.
The current rate stands at 4.25%. The effect it has on the market is synonymous with the other lending rates such as repo rate & bank rate.
- Loan to value ratio
The loan-to-value (LTV) ratio is an assessment of lending risk that financial institutions and other lenders examine before approving a mortgage. Typically, loan assessments with high LTV ratios are considered higher risk loans.
Basically, if a companies preferred form of collateral rises in value and leads the market (growing faster than the market), then the company will see the loans that it signed with higher LTV suddenly reduce (but the interest rate remains the same).
Let’s consider an example of gold as a collateral. Consider a loan was approved with gold as collateral. The market price for gold is Rs 2000/g, and for each g, a loan of Rs 1500 was given. (The numbers are simplified for understanding). This would put LTV of the loan at 1500/2000 = 0.75. Since it is a substantial LTV, say the company priced the loan at 20% interest rate.
Now the next year, the price of gold rose to Rs 3000/kg. This would mean that the LTV of the current loan has changed to 0.5 but the company is not obligated to change the interest rate. This means that even if the company sees a lot of defaults, it is fairly protected by the unexpected surge in the underlying asset. Moreover, since the underlying asset is more valuable, default rates for the loans goes down as people are more protective of the collateral they have placed.
The same scenario for gold is happening right now and is the reason for gold backed loan providers like MUTHOOT to hit ATHs as gold is leading the economy right now. Also, these in these scenarios, it also enables companies to offer additional loan on same gold for those who are interested Instead of keeping the loan amount same most of the gold loan companies.
Based on above, we can see that as RBI changes LTV for certain assets, we are in a position to identify potential institutions that could get a good Quarterly result and try to enter it early.
Conclusion
The above rates contain the ways in the Central Bank manages the monetary policy, growth and inflation in the country.
Its impact on Stock market is often seen when these rates are changed, they act as triggers for the intraday positions on that day. But overall, the outlook is always maintained on how the RBI sees the country is doing, and knee jerk reactions are limited to intraday positions. The long term stance is always well within the limits of the outlook the big players in the market are expecting.
The important thing to keep in mind is that the problems facing the economy needn’t be uni-dimensional. Problems with inflation, growth, liquidity, currency depreciation all can come together, for which the RBI will have to play a balancing role with all it powers to change these rates and the forex reserve. So the effect on the market needs to be given more thought than simply extrapolated as ‘rates go low, markets go up’.
But understanding these individual effects of these rates allows you to start putting together the puzzle of how and where the market and the economy could go.
submitted by crackedminds333 to IndianStreetBets [link] [comments]

Your Pre Market Brief for 07/16/2020

Pre Market Brief for Thursday July 16th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Updated as of 4:45 AM EST
-----------------------------------------------
Stock Futures:
Wednesday 07/15/2020 News and Markets Recap:
Thursday July 16th 2020 Economic Calendar (All times are in EST)
(JOBLESS CLAIMS TODAY)
News Heading into Thursday July 16th 2020:
NOTE: I USUALLY (TRY TO) POST MANY OF THE MOST PROMISING, DRAMATIC, OR BAD NEWS OVERNIGHT STORIES THAT ARE LIKELY IMPORTANT TO THE MEMBERS OF THIS SUB AT THE TOP OF THIS LIST. PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH! THE TIME STAMPS ON THESE MAY BE LATER THAN OTHERS ON THE WEB.
Upcoming Earnings:
Commodities:
COVID-19 Stats and News:
Macro Considerations:
Most Recent SEC Filings
Other
-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
submitted by Cicero1982 to pennystocks [link] [comments]

Dollar is following its heart. Forecast as of 06.11.2020

Dollar is following its heart. Forecast as of 06.11.2020

Weekly US dollar fundamental analysis

Markets are just like people. They follow their hearts from time to time and forget about common sense. Investors like the idea of the division in the Congress and the Democratic president. In this scenario, the risks of tax hikes and high tech companies' strict regulation are much lower. This fact supports the stock indexes. The S&P 500 has been up by 1% and more during four consecutive trading sessions, which has been for the first time since 1982. In percentage terms, those days have been the best since early April. Markets consider Joe Biden to be a better president than Donald Trump, which allowed the yuan to gain back more than 50% of the losses faced during trade wars. The EURUSD tested the resistance at 1.186-1.187.
The growing chance of Biden’s victory encourages investors to spend the cash, which they have been accumulating ahead of the US presidential election. They are buying stocks and bonds. However, traders forget about other factors, such as the pandemic, uncertainty around the new fiscal stimulus, and Donald Trump’s willingness to reject the voting results. It looks like an attempt to give out desirable for valid. According to TD securities, there should not be any concerns about challenging the voting results, which has pushed the risky assets up and weakened the US dollar. DZ Bank believes that the greenback is falling because the voting results were reported earlier than some had expected. I do not think the above arguments to be strong.
I suppose traders are following their hearts. They invest the capitals in the securities as they worry not to miss the uptrend, which sends the S&P 500 up, fuels global risk appetite, and weakens the US dollar against a basket of currencies.

Dynamics of world's currencies versus the US dollar


Source: Financial Times
How long can it be going on? It depends. People in love are passionate during different periods. However, common sense should win sooner or later. The USA performs better than the euro area at the current stage of the economic cycle. The Fed is not willing to boost the monetary stimulus while the ECB tends to increase the current QE pace. According to Bloomberg’s leading indicators, the largest euro-area economies face a deeper drawdown in the PMIs because of the new lockdowns. The euro-area bond yields fall, which signals that the markets expect the ECB to take active measures in December.

Recovery of the world’s economies


Source: Bloomberg

Yields on the euro-area bonds


Source: Wall Street Journal

Weekly EURUSD trading plan

Let us be sensible during times of euphoria. Although the EURUSD has rebounded from the resistance at 1.186, the shorts entered in the zone seem vulnerable. It will be relevant to hold down the shorts if the pair goes below the support at 1.179. The S&P 500 rally could push the euro up above $1.188. The EURUSD medium-term outlook depends on whether the bulls can hold the price above 1.188.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/dollar-is-following-its-heart-forecast-as-of-06112020/?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

MyChargeBack Says Fraudsters Are Moving To Bitcoin From Credit Cards

Micheal Cohen stands as the Vice President of Global Operations at MyChargeBack, a consumer protection company. Cohen had given comment in regard to how fraudsters are taking advantage of crypto transactions, particularly their irreversible nature.
At its first envisioning, one of the key selling points of Bitcoin was how it would protect retailers even more than credit cards could. Satoshi Nakamoto, the enigmatic founder of Bitcoin, gave a comeback to an early adopter’s complaint on an email on the 10th of October, 2008. The adopter, James A. Donald, complained that Bitcoin transactions weren’t instantaneously final.
Its Greatest Strength Being Turned To Weakness
In response, Satoshi highlighted the fact that paper checks can bounce following one or two weeks, with credit card transactions being capable of being contested for up to 60 to even 180 days after the fact. Bitcoin, Satoshi points out, is irreversible enough only after a few hours.
Cohen highlighted that, in some cases, a chargeback for credit cards are possible a full 18 months after the transaction was made. He further highlighted the two types of classification of credit card chargebacks: Unauthorized Use, and Authorized Use. Unauthorized, for example, is when a criminal illegally gains access to one’s credit card. Authorized, in turn, means when the cardholder themselves authorized the transaction, but they’re not satisfied with the outcome.
Cohen highlighted how, when it comes to crypto, consumers are only capable of recovering funds, should it be an unauthorized transaction. This is due to how credit companies, such as Visa or MasterCard, explicitly exclude certain industries from the authorized use category, such as gambling or crypto.
Crypto Scammers Are Like Grass In A Field
Much to Cohen’s dismay, he highlighted how crypto serves as such a convenient tool for scammers to collect funds, which are subsequently harming the mass adoption of cryptocurrencies. Cohen put it simply, highlighting that these people that got scammed through the use of crypto fraudsters, won’t be the ones that will promote the usage of cryptocurrency to others.
One of the most used tactics for these fraudsters, according to Cohen, is the offering of various services and products, typically related to forex trading. This is generally offered to an unsuspecting customer. At the last moment, the scammer eventually convinces the unsuspecting victim to pay for the service, or otherwise fund their new account by way of crypto.
Some Sliver Of Hope
Luckily for these victims, Cohen highlighted how not all hope should be lost. His company helps victims by identifying scammers, doing so by way of tracking the money movement in the blockchain. Typically, criminals opt to move to an exchange to cash out their crypto, and Cohen highlighted that many exchanges are quite eager to stamp these criminals out.
submitted by cryptoanalyticatech to Bitcoin [link] [comments]

[Budget] Federal Democratic Republic of Ethiopia FY2023

Modular Budget
With the Ethiopian political situation stabilized following the re-election of Abiy Ahmed and the Prosperity Party, as well as the stabilization of global markets following the COVID-19 Crisis, Ethiopia's economic growth is finally trending back towards the rapid growth that defined it pre-COVID. The beginning of natural gas exports as well as further exploration have brought much needed FOREX and cash flows to the Ethiopian government, marginally boosting revenues and growth (particularly in the poorer Somali Region). Meanwhile, the ongoing major rail projects, as well as the provision of cheap electricity both to Ethiopia (through the Grand Ethiopian Renaissance Dam and other hydropower projects and through the expansion of the country's geothermal power production facilities) and the sale of said power abroad (through an expanded transmission line with Sudan and a new transmission line to Somaliland) provide additional growth and government revenues.
submitted by TheManIsNonStop to Geosim [link] [comments]

Will Aussie repeat the hat trick? Forecast as of 03.11.2020

Will Aussie repeat the hat trick? Forecast as of 03.11.2020
The second quarter is likely to be the same as the second one. However, the disaster is not going to be so dramatic. If so, we have a pattern to trade the AUDUSD. Let us discuss the Australian dollar outlook and make up a trading plan.

Monthly Australian dollar fundamental analysis

What doesn't kill makes one stronger. The RBA’s monetary expansion should have crashed the Australian dollar. RBA not only cut the cash rate down to the all-time low of 0.1% but also boosted the purchases of assets with a maturity of 5-10 years within QE by AU$100 billion. The RBA has become one of the first to react to the second pandemic wave. However, the AUDUSD, instead of falling, surged up to the bottom of figure 71. Bloomberg experts anticipate such measures of the regulator, and the time for maneuver was not right. It is not wise to ease monetary policy on the day of the US presidential election, is it?
According to Philip Lowe, the increase of the QE size will support economic recovery amid lower costs of funding and exchange rate, as well as higher assets’ price than it would be in the opposite case. RBA must have tried to improve financial conditions, as the Fed did. It was one of the reasons for the US economic growth in the third quarter. In the fourth quarter, the US GDP should face a downturn because of the difficult epidemiological situation. Australia, on the contrary, has coped with the coronavirus through a strict lockdown in Victoria. So, Australia’s GDP can well go up.

Dynamics of COVID-19 cases in Australia


https://preview.redd.it/z0b18quhc0x51.jpg?width=629&format=pjpg&auto=webp&s=ed290b23768a625aba0bb3c0a891f975388ab309
Source: Trading Economics
According to the RBA forecasts, Australia’s GDP in the 2020/2021 financial year will expand by 6%, in 2021/2022 - by another 4%. The forecast for the unemployment peak has been cut from 10% to 8%. The core inflation will grow by 1% in 2021, and by 1.5% in 2022.
In addition to the domestic positive factors, foreign news also supports Aussie. Despite the disputes between Australia and China, which imposed tariffs on Australian barley, launched an anti-dumping investigation into Australian wine, and suspended imports of coal and lobsters from Australia, I believe that the trade relationships will be improved. China is the largest market for Australia. China’s economic growth by 1.9%, according to the IMF forecast, will support the AUDUSD bulls. Based on the yuan price changes, the AUDUSD looks undervalued.

Dynamics of AUDUSD and USDCNY


https://preview.redd.it/mqvioyaic0x51.jpg?width=634&format=pjpg&auto=webp&s=8db6d6a5debdaf671ce4902ce6fc43f2960f4ebb
Source: Trading Economics

Monthly AUDUSD trading plan

In general, market sentiment indicates that the fourth quarter for the global economy will be similar to the second one, although the disaster scale will be smaller. If so, we have a pattern to trade the Aussie. In late March, I recommended buying the Australian dollar in the range of $0.59-$0.62 amid the expectations of the V-shaped recovery of China’s economy, and this trading idea was winning. Now, there is another chance to repeat the hat trick provided that Joe Biden wins the election.
Biden also promises to attack China for its economic and human rights violations, the US-China relations are going to improve. As a result, the entire Pacific region will benefit. Australia, with its successful COVID-19 strategy, is no exception. If Biden wins, buy the AUDUSD with targets at 0.729 and 0.733.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/will-aussie-repeat-the-hat-trick-forecast-as-of-03112020/?uid=285861726&cid=62423

submitted by Maxvelgus to Finance_analytics [link] [comments]

Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

FCA Updates Forex Broker Scam List

FCA Targets More Forex & Binary Brokers

The FCA (Financial Conduct Authority) finally got around to updating its list of unregulated online trading brokers. This list includes both forex and binary options unregulated brokers. Despite the fact, these brokers supposedly offer numerous services they are located in financial havens such as Seychelles, the Marshall Islands or Vanuatu and provide little to no information as to who they really are, and which parent company operates them. So, without further ado let’s introduce these fraudulent companies

SolidCFD

Owned by LOK Marketing Ltd, this forex broker is supposedly located in Vanuatu, a tax haven for any illicit business. Apparently, SolidCFD appears to be forging a path for current forex brokers and others that would like to set up shop in the country, whose major exports are frozen fish and distinct floating edifices. However, upon further inspection, the SolidCFD has two other offices registered on their website.
The first is under the name MGNC Marketing Ltd. and it is located in Cyprus. A quick google search tells us all that we need to know. MGNC Marketing LTD (Solid CFD) cold-calls potential investors and offers them unauthorized or prohibited financial services. An additional address is attributed to an area in West London. However, upon further review, there is no real company located there. Unsurprisingly no company is registered in the UK under SolidCFD, LOK marketing or MGNC Marketing, which implies that the broker has no physical presence in the United Kingdom.
Furthermore, there is a whole list of negative reviews pertaining to SolidCFD. This includes clients being unable to withdraw their funds, aggressive salesmen and not being able to log back into an account once a withdrawal request is made.

StratX Markets

Registered in the Marshal Islands, the company supposedly has an office in North London. However, the address that is provided is used by a company that enables other companies to register their business under their address. This obviously implies that StratX has no workers at its given address.
Just by merely glancing at a few of the reviews tells you that StratX Markets is operated by a bunch of con-artists. In fact what is more alarming, a number of former clients are claiming that StratX personnel are operating a fraudulent fund recovery company called Linrow Clarion Solvency that claims they can recover money that was lost to illegitimate brokers like Stratx Markets.

Options Stars Global

Last but not least this “broker” is registered in Samoa, but apparently has some sort of a branch in Cyprus that is regulated by CySEC. That is patently false.
Additionally, although the website has a U.K. phone number none of their of operations occur in the country. Not only Are there plenty of negative reviews about them, there is a dedicated Facebook page against them
Users of the website report an inability to withdraw funds, threatening salesmen, and pushy brokers who tempt traders into depositing more cash into their accounts. The company has done so badly they even have a Facebook page against them.

Take Action

If you have fallen victim to a cryptocurrency scam, send a complaint to at [[email protected]](mailto:[email protected]), and we will do our very best to get into contact with you as soon as we can to initiate your funds recovery process.

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

BTM FOUNDATION - is the new generation hybrid profitable investment fund

Modern economic environment, being forced by the total digitalization of all segments of business, challenges new investment approaches. Traditional evaluation models like DCF do not work. Businesses are being evaluated by very different approaches, such as real option evaluation approach, Merton formula, using stochastic Wiener processes towards evaluation. Sometimes we observe irrational investors’ behavior, when they evaluate perspectives of some businesses: shares of many new wave companies are flying tothemoon without any rational explanations of their business models. Due to traditional evaluation methods such companies must have negative shares price! What we must learn from this experience, is that our world has changed dramatically. Zero discount rates by the central banks and infinite liquidity lead to negative bank deposit rates: you need to pay money just to keep it safe! Due to asymmetric information on the financial markets, non professional investors usually make adverse selection: they invest their funds into big long run scam projects, pretending to be big fair businesses. Theranos, Nikola, SKYWAY, Softbank, ONECOIN, BitClub and many others are among Bernard Madoff like financial pyramids pretending to be serious businesses.
Due to informational hype all around, it is very hard to make a right choice of investment. New hype trains, like crypto, blockchain, artificial intelligence today looks like toy for geeks, but not for serious investors. Inflows of «stupid money» arrive to all those wealth redistribution factories and transform to lambos, yachts, cocaine and booze for hipsters, while investors just get useless shitcoins and dreams of a new «unicorn». Everyone wishes to catch up a new next APPLE or MicroSoft at an early stage. Same story happened several years ago when we were observing big previous bubble called «dotcom bubble». Only several companies survived, others sunk with tons of investors’ money. LETS STOP IT! INVESTORS MUST EARN! There are many money earning opportunities around, both overhyped, like crypto, blockchain, artificial intelligence, DEFI, as well as more conservative, but still very profitable, like intellectual garbage recycling or production of intellectual power supply units. Our mission at BTM fund is to connect smart money with profitable businesses, seeking for the blood - strategic funding from smart investors, for whom they gonna bring good stable profits!
BTM fund is the hybrid new generation investment fund, which is created by high level professionals with many years experience and proven track record on the stock and currency market, forex, cryptocurrency market and traditional investment business. BTM headquarters is located in London, also there are representative offices in Moscow and Kiev. Also we are planning to open offices in Dubai, Istanbul, New York, Kazakhstan and Uzbekistan.
Against the background of impending global economic crisis, which is well seasoned by the Major Brand of the Year 2019 - 2020 - COVID19, there is no safe heaven any more. All stock markets and financial indexes are on their tops, obviously we are observing big financial bubble, which can burst any time. Astronomical figures of the USA state debt and many other emerging economies lead to soft monetary policy: there is much cheap money, but no good investment opportunities, which can create added value. Flexible solutions of hybrid investment fund BTM provide its clients to manage their funds efficiently.
The key unique feature of our investment fund is instant diversification of investment programmes. «Let the profit leak and cut the losses» - this is the core principle of our investment strategy. Our professional financial managers do always have a finger on the pulse of modern trend in the investment environment. Today we are surfing on the hype waves of defi, crypto, blockchain, AI, and tomorrow we reallocate assets into top American stocks, gold, bonds, cash, or invest into high yielding real busin
#cryptofound #blockchainfound #btm #btmfoundation #btmfound #криптофонд #блокчейнфонд #пассивныйдоход #инвестиции #интернетзаработок
submitted by btmfoundation to u/btmfoundation [link] [comments]

Theta gang ain't shit.

Now's a good time for to get a lesson in the greeks you fucking retards. This document outlines the relative risks and rewards of certain trading strategies and how to manage risks along with some basic math and econ. This should be basic for most of you.
Why do stocks go up?
Because capital growth has a diminishing returns to scale. In the long run capital is used to create more capital generating growth until it balances with capital depreciation which is linear. You can increase the equilibrium capital accumulation by increasing savings rates essentially trading off short run consumption for long run consumption. The implications of this are that less capital intensive economies grow at faster rates than developed because developed economies are very close to hitting the equilibrium point and have to rely on technological advancements for long run growth. Not every economy is equal though, all have differences in economic institutions, government effectiveness and political norms which will also affect their long run effectiveness. Long story short if the government engages in ineffective policies like protectionism, price manipulation, overly burdensome regulations, underregulation, or inefficient redistribution programs the short run micro/macro picture will be hurt and reflected in the long run picture. The US has had a thriving stock market despite having relatively low growth because it has taken the first mover advantage in many industries. Global Tech, higher education, finance, and pharma are all centered in the US because the US policies have made doing business in the US the optimal choice for these industries. For as long as the US is a capitalist nation you can be sure that the stock market will go up in the long run. This is not necessarily the case for commodities or forex as higher growth has typically led to investments in productive efficiency outweighing increased demand in raw materials and exchange rates do not have a long run trend. Fundamentally, the stock market is a good place to invest savings into in the long run.
Stocks and exponential returns.
Stocks go up so you want to capture the value of price increases. Stocks have a delta of one and a gamma of zero resulting in a linear return to movement of the stock price. Long run capital accumulation, although diminishing, is still exponential and in the long run will return an exponentially increasing return to investment on stock. Linear gains * exponential increase in underlying = exponential gains. But what if things go down? In the short run stocks decrease in value at exponential rates which is absolutely fantastic for investors because exponential declines are diminishing in scale. 10% of 100 is 10, 10% of 90 is 9, 10% of 81 is less and so on and so forth. You may get linear returns from movement but you receive increasing returns to scale gains on the upside and decreasing returns to scale losses on the downside.
Delta and Gamma
Long options have even better fundamentals than stocks because they amplify the exponentiality through gamma. As an option moves into the money its delta increases creating exponential gains in value. As an option moves out of the money delta decreases, lowering losses. Thus options while having more risk per dollar than stocks have far superior risk returns in the short run.
Theta and Vega
The opposite is true of selling a call and you're put into the position of wanting to sell when times are most dire and hold when times are good. In exchange you get benefit from theta decay but if you can reasonably predict the movement of the market that's pretty much nothing compared to the gains from delta you could get investing the same amount of money into long calls. Selling also requires way more money further reducing its risk to return. But what about vega? When markets crash, volatility skyrockets. Long calls gain and the opposite is true once again for selling them.
Mathematically, buying longs has the best return on risk of any option strategy but higher absolute losses when delta doesn't move in your favor. Selling longs or spreads has a way worse return to risk but you'll lose less money when delta moves against you and it's harder for any one position to lose all of its value.
Theta gang isn't more profitable than bullgang, it's less risky per dollar spent. The reason market makers don't play like WSB retards is because they play on margin and the 20-30% losses we typically take and make back buying longs would cause their investors to flee bankrupting them.
Strategy implications
Longs
Selling naked longs
Credit spreads
Debit spreads
Edit: For what to do with your cash position, you could put it into gold, bonds, bond etfs, non spy correlated stocks or whatever. Low risk theta gang strats are fine in bull markets but don't expect to make real money from them. I'm cash since volatility is high, u do u.
submitted by XXX_KimJongUn_XXX to wallstreetbets [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 as J.P. Morgan currently moves $6 trillion U.S. dollars per day18, the scale of this experiment would create a considerable impact in the international payment and remittance market if it were successful. Potentially the day will come when regulated crypto exchanges become participants of IIN, and the link between public and private crypto assets can be instantly connected, unlocking greater possibilities in blockchain applications.
Many central banks are also in talks about developing their own central bank digital currency (CBDC). Although this idea was not new, the discussion was brought to the forefront due to Facebook’s aggressive Libra project announcement in June 2019 and the public attention that followed. As of July 2020, at least 36 central banks have published some sort of CBDC framework. While each nation has a slightly different motivation behind its currency digitization initiative, ranging from payment safety, transaction efficiency, easy monetary implementation, or financial inclusion, these central banks are committed to deploying a new digital payment infrastructure. When it comes to the technical architectures, research from BIS indicates that most of the current proofs-of-concept tend to be based upon distributed ledger technology (permissioned blockchain)19.

https://preview.redd.it/lgb1f2rw19p51.png?width=700&format=png&auto=webp&s=040bb0deed0499df6bf08a072fd7c4a442a826a0
These institutional experiments are laying an essential foundation for an improved global payment infrastructure, where instant and frictionless cross-border settlements can take place with minimal costs. Of course, the interoperability of private DLT tokens and public blockchain stablecoins has yet to be explored, but the innovation with both public and private blockchain efforts could eventually merge. This was highlighted recently by the Governor of the Bank of England who stated that “stablecoins and CBDC could sit alongside each other20”. One thing for certain is that crypto dollars (or other fiat-linked digital currencies) are going to play a significant role in our future economy.

Future Opportunities

There is never a dull moment in the crypto sector. The industry narratives constantly shift as innovation continues to evolve. Twelve years since its inception, Bitcoin has evolved from an abstract subject to a familiar concept. Its role as a secured, scarce, decentralized digital store of value has continued to gain acceptance, and it is well on its way to becoming an investable asset class as a portfolio hedge against asset price inflation and fiat currency depreciation. Stablecoins have proven to be useful as proxy dollars in the crypto world, similar to how dollars are essential in the traditional world. It is only a matter of time before stablecoins or private digital tokens dominate the cross-border payments and global remittances industry.
There are no shortages of hypes and experiments that draw new participants into the crypto space, such as smart contracts, new blockchains, ICOs, tokenization of things, or the most recent trends on DeFi tokens. These projects highlight the possibilities for a much more robust digital future, but the market also needs time to test and adopt. A reliable digital payment infrastructure must be built first in order to allow these experiments to flourish.
In this paper we examined the historical background and economic reasons for the U.S. dollar’s dominance in the world, and the probable conclusion is that the demand for U.S. dollars will likely continue, especially in the middle of a global pandemic, accompanied by a worldwide economic slowdown. The current monetary system is far from perfect, but there are no better alternatives for replacement at least in the near term. Incremental improvements are being made in both the public and private sectors, and stablecoins have a definite role to play in both the traditional and the new crypto world.
Thank you.

Reference:
[1] How the US dollar became the world’s reserve currency, Investopedia
[2] The dollar is in high demand, prone to dangerous appreciation, The Economist
[3] Dollar dominance in trade and finance, Gita Gopinath
[4] Global trades dependence on dollars, The Economist & IMF working papers
[5] Total credit to non-bank borrowers by currency of denomination, BIS
[6] Biggest stock exchanges in the world, Business Insider
[7] McKinsey Global Private Market Review 2020, McKinsey & Company
[8] Central banks current interest rates, Global Rates
[9] Venezuela hyperinflation hits 10 million percent, CNBC
[10] Lebanon inflation crisis, Reuters
[11] Venezuela cryptocurrency market, Chainalysis
[12] The most used cryptocurrency isn’t Bitcoin, Bloomberg
[13] Trading volume of all crypto assets, coinmarketcap.com
[14] Tether US dollar peg is no longer credible, Forbes
[15] New crypto derivatives let you bet on (or against) Tether’s solvency, Coindesk
[16] Remittance Price Worldwide, The World Bank
[17] Interbank Information Network, J.P. Morgan
[18] Jamie Dimon interview, CBS News
[19] Rise of the central bank digital currency, BIS
[20] Speech by Andrew Bailey, 3 September 2020, Bank of England
submitted by Tokenomy to tokenomyofficial [link] [comments]

TSM and Me 2020

TSM has been on my radar since I started saving to invest in 2018 because of AMD / GlobalFoundries. Really interesting business model for Semis AMD has.
In 2019, you couldn't get away from heating up of the trade war. Congress began debating SAR for HK around the end of Hong Kong's "2019 Summer of Love" and rumors of what happens in the "re-education" camps / "Where did the Falun Gong practitioners go?" This is important because of the SWIFT system of world banking. HK is how they get dollars.
Then in November of 2019, this happened..
https://en.m.wikipedia.org/wiki/Hong_Kong_Human_Rights_and_Democracy_Act#Related_bill
Arizona plant news is where the tin foil ends and the conviction began for me. The Foundry is basically THE corporation of Taiwan. The Great Cheetoh has been making deals around the world, and technically Taiwan isn't China. We have recent armament deals with Taiwan and Japan to prove it.
https://youtu.be/TLKt9yPb-f0
Why not?? Seemed like the American thing to do and there is a republican in office hell-bent on decoupling US communications tech from the CCP aka ROC.
In Feb / March... Rona. April the economic fallout, news about bad PPE and tests from China being sold to Italy. In May all the US boats in Taiwanese waters and the rhetoric worldwide basically reflecting that the world isn't happy with the CCP.
I had the balance for a RH call and it made more sense than an airline play at the time, so i got in.
Anti CCP rhetoric started heating up and bi-partisan on the YouTube's, by the way, it seems 2020 is the year NBC (Comcast) discovered ad-revenue. Thank you Lester.
At this point morning wood for TSM was a regular thing, so i set my limits on call options for both accounts, and incorporated into the LT DRIP. Thank you Papa Powell. I'm still poor, couldn't have done it without you...
Then it seemed to be heating up at the end of May. Everyone is like WTF 'mate on the "One Belt. One Road." Initiative, both the geographical and digital. People are really starting to report on not-so-great stories out of China, and not just tinfoil or Epoch Times channels.
Lot of shade being thrown on China tech, and things are heating up in S China Sea.
https://youtu.be/6KiLhxgIBys
https://youtu.be/BTgDYhtr-LU
...looks like Chy-na is on everyone's shit list, including Australia. Forex folks know how dope-tied the Aussie's and Kiwis are to CCP trade relations.
The rumor was potential decouple from China. I mean the world is kinda dope-tied to Santa's little elves. I just realized how weird Christmas will be...
I bought my shares for both accounts as per the voodoo ritual of purchasing at least 1 stock of a long term call strategy. Got my hand deep (for me) in the cookie jar May and June.
http://imgur.com/gallery/xb7ptte
http://imgur.com/gallery/ToFdT3z
Third week of July called a bull flag on hourly:
https://www.reddit.com/wallstreetbets/comments/hwz949/daily_discussion_thread_for_july_24_2020/fz4bi1b?utm_medium=android_app&utm_source=share
July 24th, I got filled to the teeth in RH and my now free play in Webull was up 1,600%.
http://imgur.com/gallery/0fB3FEp
THEN July 27th, I closed my "free play" in Webull at $1,250. A little over 3,000% between 2 contracts that cost $75 total.
Along the way, i picked up RH tendies and rebalanced the cash / bought more contracts and shares. They're officially part of the DRIP.
http://imgur.com/gallery/UFKPnOz
Related post I made last week regarding TSM and INTC. Any thoughts on how US semi production will play out for them?
https://www.reddit.com/wallstreetbets/comments/i0jqtu/opinions_on_taiwan_semiconducto?utm_medium=android_app&utm_source=share
Last week, The Fool confirmed many of the LT bias I had been building up on a win for The Foundry since November. All hype, or real talk?
https://www.fool.com/investing/2020/07/31/3-tailwinds-are-lifting-tsmcs-stock-to-new-all-tim.aspx
Financial analysis- This guy is boring af, but he goes through the numbers that no one likes to read, records in mobile, and is cool enough to zoom in on what he is talking about.
https://youtu.be/wVxF7wwuogo
Can anyone see a downside other than "COVID CLAP Trumps all"? Maybe I've been chewing too much YouTube tinfoil on lunch, but the limit orders that are closing 930-4pm are making me think I've hit the Autistic Lottery. Wish I had bought more.
Friday, all I could see was a bull flag on the 4hr and 30min charts. Monday 8/03 it hasn't shit the bed at 11am EST. Maybe thats just the tin foil talking again and this is the ceiling.
http://imgur.com/gallery/nRYKBB5
Still in, and potentially interested in more contracts.
Open positions- http://imgur.com/gallery/naF9dik
submitted by aipipcyborg to wallstreetbets [link] [comments]

BTM fund is a new generation hybrid investment fund created with the participation of professionals with many years of experience in the stock market, forex, cryptocurrency market and traditional investment segment.

BTM fund is a new generation hybrid investment fund created with the participation of professionals with many years of experience in the stock market, forex, cryptocurrency market and traditional investment segment.
BTM fund is a new generation hybrid investment fund created with the participation of professionals with many years of experience in the stock market, forex, cryptocurrency market and traditional investment segment. The fund is headquartered in London. There are also representative offices in Moscow and Kiev, it is planned to open representative offices in Istanbul, New York, Dubai, Kazakhstan, Uzbekistan.
Amid the impending global economic crisis, nowhere in the world is there a "safe haven" for your investment capital. All stock indices are at their historical highs, it is obvious that a financial bubble is blowing up, which can burst at any moment.
The astronomical figures of the national debt of the United States and other developed and developing economies lead to soft monetary policy, to the inclusion of the printing press against the background of the absence of attractive investment projects that can create added value. Flexible solutions of the BTM hybrid investment fund allow you to effectively manage your money. We have 8 key investment areas that will satisfy the requirements of the most demanding investor.
The key feature of our fund is instant diversification of investment programs! "Let the profits flow and cut the losses!" Our professionals keep their finger on the pulse of the financial market around the clock. Today we surf the waves of the hype of cryptocurrency, blockchain and defi projects, and tomorrow we invest the earned money in a real highly profitable business or in the shares of top world companies, or go into gold and cash.
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https://preview.redd.it/1vmv8p57pqk51.jpg?width=1280&format=pjpg&auto=webp&s=b50ae23098de396ee77ea590781634348e1c852d
submitted by btmfoundation to u/btmfoundation [link] [comments]

With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today

With Bitcoin Suddenly Surging, Canaan Stock Is Also Going Up Today



By signing up, you may receive emails concerning CoinDesk products and you agree to our terms & conditions and privacy policSTER ON THE SITE
We need all users to enroll on our platform to access the Bitcoin Trader platform. The sign up method is easy and solely takes a couple of minutes. You'll be able to forever contact our customer service team if you wish helpour Bitcoin Trader account for our trading robot to position trades on your behalf. We tend to need all users to possess a minimum of $250 in their account before accessing our web trader platform. This quantity is enough to require positions price lots of thousands of dollars when using leverage.

https://preview.redd.it/e63kae9rz9j51.png?width=3116&format=png&auto=webp&s=eeb8869dbccb0fca7c64d3c91f83cebcdb446e84
You do not would like any expertise to trade with the Bitcoin Trader app. We tend to are ninety nine.99percent automatic, that means that live trading involves terribly little manual input. Moreover, we tend to offer comprehensive guides and tutorials to help users set up a live trading account.
ognized by the US Trading Association as the foremost profitable crypto robot in 20twenty. Whereas results rely on market conditions, a number of our traders have seen profits of more than four
What is the minimum deposit withBitcoin freedom
You'll be able to trade with us by depositing just $250. The additional you deposit, the more earning potential you have in a very single day. However, we have a tendency to encourage our users to begi
We have a tendency to are tested and verified by prime trading review sites. Our trading platform is cutting-edge. Moreover, we have a tendency to operate in collaboration with highly reputable brokers. We have a tendency to work absolutely transparently and publish all the data that users need to get started with our trading robot
The Bitcoin Trader trading platform is internet-based mostly and accessible through all major browsers on desktop and mobile. You can also install an HTML5 version of our net-trader on any mobile device. We tend to are coming up with to release native apps for Android and iOS by the top of the year.
Bitcoin Trader is a trading robot powered by cutting-edge AI technology. We have a tendency to have a possible daily return on investment of up to four hundredp.c. We have a tendency to have over five thousand reviews on TrustPilot, and at least 90percent of our reviewers are happy with our platformn
Are there hidden fees with Bitcoin Trader?
Our fees are fully transparent. You can download a listing of trading fees from the platform’s management dashboard. We have a tendency to only charge a little commission on profits earned through our trading robot
We have a tendency to settle for registrations from over a hundred thirty countries across the world. Most of our purchasers are from the UK, the US, some elements of Africa, and Asia. We have a tendency to are on the market in your country if you can access our Bitcoin Trader website while not employing a VPN.

We aim to assist normal people reap important returns from cryptocurrency trading. With us, you get exposure to over forty five Bitcoin contracts for variations (CFDs). Common crypto pairs you'll trade with us embrace BTC/USD, BTC/GBP, BTC/EUR, and BTC/XRP.

1) Register: Registering with the Bitcoin Trader app is straightforward. Scroll to the high of this page and submit the specified details through the registration kind.

We require users to verify your phone range and email, since this is often what you'll use for multi-factor authentication. Yet, our partner brokers verify the identity of all users per regulators’ understand your customer (KYC) requirements.

a pair of) eposit: You wish to deposit a minimum of $250 US to trade with the Bitcoin Trader software. We tend to depend on our partner brokers to facilitate transactions, and all of our partners are absolutely regulated by government authorities. With regulated brokers, you'll rest simple knowing that your funds are safe.
You'll fund your account through wire transfer, MoneyGram, Western Union, FasaPay, Visa, MasterCard, Neteller, WebMoney, and Skrill.


three) Trading Education and Demo: We have a tendency to are an auto-trading robot, however we have a tendency to do enable our users some level of management, especially when it comes to risk management. Consequently, our Bitcoin Trader official website encourages you to travel through our trading education section to familiarize yourself with the chance management process.
Our highly intuitive demo platform ought to additionally facilitate your observe trading with the robot before you begin trading during a live account Bitcoin Freedom

The platform needs that you just define the trading conditions for the robot and activate the live trading session button. We have a tendency to encourage you to depart the robot running throughout the day within the background. You'll be able to let it run unmonitored for up to eight hour
We tend to have recently been nominated as the most profitable robot for BTC trading in 20twenty. Moreover, we are one of the trading robots that has been extensively covered by mainstream media. Bitcoin Trader has thousands of reviews on client feedback platforms
Bitcoin Trader was one amongst the primary robots to use high-frequency trading techniques to BTC trading. The robot was founded in 2015, nearly two years before the crypto boom in 2017.
Bitcoin Trader uses AI and ML to create sense of big knowledge, which allows it to trade with high accuracy.
Our trading platform became an on-line sensation in mid-2017, and it has maintained its popularity since then. Bitcoin Trader is the simplest possibility for many beginner and experienced traders.
Bitcoin Trader allows you to earn a daily profit of up to $1,00zero by investing simply $250. That’s a potential return on investment of up to four hundredpercent.
Do celebrities recommend the Bitcoin trader software?

https://preview.redd.it/6i2yjm7sz9j51.jpg?width=1280&format=pjpg&auto=webp&s=b94d3dd01aaff2d7d4230f81176913586c729aef
We tend to are highly widespread and hence a prime target for celebrity gossip. There are viral rumours that we have a tendency to have been endorsed by Elon Musk, Richard Branson, and Jeff Bezos.

Elon Musk – The founder of SpaceX has invested in Bitcoin and expressed interest in artificial intelligence, however he has not invested employing a trading robot.
Richard Brandson – Branson is another celebrity alleged to own invested using Bitcoin Trader. While it's true that he loves Bitcoin and blockchain technology, he hasn’t endorsed any trading robot.
Jezz Bezos – Bezos is also a big fan of emerging technologies, however he hasn’t shown any interest in BTC trading through revolutionary robots like Bitcoin Trader.

You ought to never build an investment decision based mostly on whether or not a star has endorsed or invested in it. Bitcoin Trader has been tested and licensed by specialists.

The verdict about Bitcoin Trader
We tend to are a prime-rated crypto trading robot with nice reviews on sites like TrustPilot and ForexPeaceArmy. Moreover, we have been recognized as legit and profitable by authoritative bodies like the US Trading Association.

We have a tendency to are always striving to offer the most effective to our users by regularly improving our trading platform. Our team of experts analyzes feedback from users to work out what features will create a a lot of seamless trading experience. We tend to operate in complete transparency, having partnered with some of the world’s most reputable brokers.

Our platforms are encrypted to shield you from hackers. Furthermore, we tend to also adhere to information privacy measures, like the General Information Protection Regulation (GDPR). Try out Bitcoin Trader currently through the link at the high right corner of this page.
perior over different cryptocurrencies?
LATESTBITCOINETHEREUMALTCOINSTECHNOLOGYADOPTIONBLOCKCHAINEVENTSCONTACT
PRESS RELEASEWhy is Bitcoin superior over different cryptocurrencies?Akshay KSPublished a pair of weeks agoon August 12, 2020By Akshay KS
Source: Pixabay
During this technical world, bitcoin is the foremost used digital currency all over the world. However the main question then arises within the minds of the many folks is why bitcoin is considered the foremost superior over other cryptocurrenc Bitcoin Freedom
Bitcoin is that the one method of creating transactions daily as alternative currencies. But it's its options and uniqueness that make it superior. Bitcoin and different currencies are based mostly on the cryptographic algorithms or mathematics that are encrypted, with that the user becomes the owner of the currency. Bitcoin currencies are easily accessible at Bitcoin ATM and online exchange
The main feature of the bitcoin, which makes it superior is that it is the safest option for digital transactions. These will be used for on-line searching and transfer of money too.
There are many alternative blessings to using bitcoin. A number of them are mentioned below
Decentralized and digital
Bitcoin offers the freedom of exchanging the price without representatives that proves helpful in controlling the lower fees and high funds. Bitcoin is that the faster method of transaction than others. It is secure as it is free from theft and frauds and is constant. The main advantage is that bitcoin has its homeowners whereas the bank controls the money.
Makes online looking
Normally, bitcoin will be used for on-line shopping too. Bitcoin is the opposite face of e-wallet, that is created by blockchain technology that is used to store money and will easily pay everywhere digitally. For this reason, it also makes your searching easy by which you'll be able to look from your home solely

Bitcoin is accepted globally at each corner of the planet, which makes it less volatile than local currencies or cash. This feature makes it superior because it enables us to form transactions on-line and across the boundaries
Bitcoin unable the means of tracking cash

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Bitcoin is created by blockchain technology. Blockchain is the sole technology which will either make it or break it. There are many computers which are used to keep up a permanent record of each bitcoin transactions with the help of cryptographic technique. In this approach, it becomes a lot of valuable together with the tracking of the payment. At the same time, there's no method of tracking the cash

While not any transformation method, it will be used over the entire world. It provides the simplest platform for the investment as it is free from the restrictions of governments or banks. It provides an open market and combines the simplest of gold and money.

Bitcoin provides the power to access the balance of the users with a password which is named a personal key. It additionally permits the exchange of values through the web without any middle person. Thus, bitcoin becomes safer, stuffed with privacy, and open to everyone
Unlike cash, it is not possible to form the duplicate quite bitcoin that makes it more efficient. It's protected with the technology of blockchain. Even if anyone tries to form a replica of bitcoin to use it, then the system will automatically reject it as the system recognize it as unknown

Bitcoin Freedom failed to allow two persons to transact on the one price. Once the bitcoin is transferred, its possession is also transferred. So this is the simple approach of maintaining records for any tax functions. It conjointly makes it a easy and healthier metho

Bitcoin is the foremost reliable manner of online transactions. Many questions arise in folks’s minds that are solved on websites like bitcoin revolution. One in all them was the above-mentioned question. Bitcoin provides many facilities, and it comes with more and a lot of blessings which makes it distinctive and special over different cryptocurrencies. It can be preferred as the simplest digital platform for transac


BITCOINADOPTIONABOUT USMEET THE TEAMCAREERADVERTISE WITH USCONTACT USTERMS AND CONDITIONSPRIVACY POLICYPARTNERS
Disclaimer: AMBCrypto US and UK Market's content is informational in nature and is not meant to be investment advice. Buying, trading or selling crypto-currencies ought to be considered a high-risk investment and every reader is advised to do their due diligence before making any decisions.
People, businesses, and developers: get the support you would like with our straightforward

Browse the FAQ'sn news, CoinDesk is a media outlet that strives for the very best journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sign up with Bitcoin Trader nowadays to start out earning potentially thousands of greenbacks in profits daily from an initial investment of just $250. We tend to are a high-rated automated trading robot that's accessible and easy for all to use. By trading with Bitcoin Trader, you'll start generating a lot of investment income than ever beforeBitcoin Freedom

“After simply some months trading with Bitcoin Trader, I’ve made a lot of than $ten,00zero and finally understand what it’s like to measure the dream. I’m saving up my profits to quit my job and spend a year traveling.”

“I’ve been a member of Bitcoin Trader for only 47 days. But my life has already modified! Not solely have I created my 1st $1,000, however I’ve also met a number of the most incredible folks in the process. Thanks, Bitcoin Trader!”

“I used to speculate on my own, but now that I’ve used Bitcoin Trader I would never return to my recent broker. Bitcoin Trader takes manner less work and that i’ve already created thousands of greenbacks in profits in simply a few months.
“Two weeks ago, I got laid off. With no choices left, I thought my life was over. Now I’m making a lot of cash than I made at my job every and each day. Thanks, Bitcoin Trader!”

With the Bitcoin Trader software, you can probably build up to $one,500 daily from a deposit of $250. We tend to are powered by artificial intelligence technology to confirm that you just get a win rate of more than 98p.c under the right market conditions. The US Trading Association has nominated our Bitcoin Trader as the most profitable crypto trading robot on the market.
We have invested in the globe’s best trading technologies. These include the factitious intelligence subsets of natural language processing, deep learning, and machine learning. Bitcin Trader depends on these technologies to derive insights from huge data and market news.
The Bitcoin Trader app has won nearly fifteen coveted awards since launching in 2016. These include the most Profitable Robot 2020 award by the American Trading Association, the simplest Robot in Trading Technologies 2019 award, and the most Profitable Crypto Robot in 2018 Award. We have a tendency to price our customers and are contin
https://www.cryptoerapro.com/bitcoin-freedom/
submitted by cryptoerapro to u/cryptoerapro [link] [comments]

Summary of offers (total £70) that require no deposit or spend (great for new members!)

I've noticed among the new members joining lately, people sometimes ask which offers they should do first, or which ones they could do when they don't have the £/€100 it takes to do many of the offers here. So I hope this little summary of no-spend offers will be helpful to you!
You can make £70 with the offers below without spending anything (up to £100 or even more if you include the "bonus" tasks). Notice I included some cryptocurrency offers - don't be afraid of these; they carry pretty much zero risk as you don't need to deposit anything (=buy crypto) - you only need to convert the cryptocurrency bonus back into £/€. If you need help with this, feel free to message me.
I also mention Revolut below, which is a popular online "bank" account. Sadly my app is currently not showing any promotions for new users, but perhaps someone else has a referral link for you that will make you some cash!

Swissborg ($17+) (edit: this is now worth at least $50 as of 10 June, the token's value has gone up)
A Swiss fintech focusing on crypto wealth management. You earn CHSB (their token) by collecting badges for doing simple tasks in the app
  1. Download the app.
  2. Register for an account (use my referral code ETTVC6Q and we both get 3,000 points). Tip: the code will get you started with 3,000 points - make your first forecast with 1,000 points and you'll get your first badge :) \don't use a code for no bonus])
  3. Collect badges and earn!
  4. In order to redeem the prizes, you'll need to download their Wealth app. The rewards should be redeemable starting in June. The app is already available for download; get it, pass KYC and you'll be ready to receive your rewards.
Bonus: if you can refer up to 20 people, you'll get $50 in total. ($150+ as of 10 June)
Detailed post about Swissborg

Bitwala - €15
A German bank account with integrated crypto services.
  1. Sign up with my link (non-ref-link, no bonus) and verify your identity. (Prepare your passport and a printed proof of address (e.g. bank statement). If no-one picks up for more than a few mins, hang up & try again)
  2. Create a bitcoin wallet in your account.
  3. €15 will be credited to your account within 15 business days. You can withdraw it right after you receive it.
Detailed post about Bitwala

Morpher - $15
An upcoming Austrian platform for trading stocks, crypto, and forex.
  1. Sign up via my referral link (non-ref link - no bonus)
  2. Verify your identity.
  3. Get $15 when they launch (June)
Detailed post about Morpher

Quidco - £10
A UK cashback site.
  1. Sign up with my referral link (non-ref link - no bonus)
  2. Your bonus will be credited once you reach £5 in confirmed cashback - browse the Free Cashback section for no-spend offers, or search for "MyHeritage," you could get £5.20 for doing a free trial (just make sure to cancel on time).

Topcashback - £5
Another UK cashback site.
  1. Sign up with my referral link (non-ref link - no bonus)
  2. Your bonus will be credited once you reach £10 in confirmed cashback. Again, you could browse the no-spend offers, or buy something from a store where you'd shop anyways!

Curve - £5
A debit card to which you add your existing cards, and then you only have to carry the Curve card and choose which underlying card to pay with in the app.
  1. Download the app using this link (use code D8XMLG5E when signing up. No code, no bonus.)
  2. Order a free card (=Curve Blue).
  3. When it arrives, link a card you already own to your new Curve card.
  4. Make a first transaction with the Curve card (you can try to top up your Revolut account and therefore not spend anything extra, but you can also just make a regular purchase, however small, if Revolut doesn't work)
  5. £5 will be added to your Curve Cash card. To withdraw it, set up a payment link in Revolut, and pay it using the Curve card, with Curve Cash set as the underlying card.

Bitpanda - €5+
A reputable Austrian cryptocurrency exchange.
  1. Sign up using my link (non-ref link - no bonus)
  2. Verify your identity.
  3. Complete the beginner quiz and receive €5 in BEST (the Bitpanda token).
  4. Bonus: you can get an extra €10 if you're willing to deposit €25 and complete your first crypto trade of at least €25. The bonus will be credited instantly. Tip: buy BEST for €25, and then sell all BEST including the €5 bonus.
Note: you can withdraw the bonuses right after you receive them, but the minimum withdrawal and deposit amount is €/£25, so you can either deposit €/£25, get the extra €10, and withdraw everything back, or - if you don't want to deposit anything - you can transfer the BEST bonus to another crypto exchange or wallet. Up to you :)
Detailed post about Bitpanda

Zelf - €5
An upcoming service where you can do banking in your favorite messenger app (Messenger, Whatsapp, etc).
  1. Sign up using my link and finish the registration in your favorite messaging platform. (non-ref-link, no bonus)
  2. Get €5 when they launch. For the UK the launch is scheduled to October. (launch update)
Detailed post about Zelf
Feel free to message me if you need help with these, or search this sub for the name of the offer for detailed posts with people's reactions etc.
submitted by One_Refrigerator to beermoneyuk [link] [comments]

Thoughts On The Market Series #1 - The New Normal?

Market Outlook: What to Make of This “New Normal”

By ****\*
March 16, 2020
After an incredibly volatile week – which finished with the Dow Jones Industrial Average rallying over 9% on Friday – I suppose my readers might expect me to be quite upbeat about the markets.
Unfortunately, I persist in my overall pessimistic outlook for stocks, and for the economy in general. Friday’s rally essentially negated Thursday’s sell-off, but I don’t expect it to be the start of a sustained turnaround.
We’re getting a taste of that this morning, with the Dow opening down around 7%.
This selloff is coming on the back of an emergency interest rate cut by the Federal Reserve of 100 basis points (to 0%-0.25%) on Sunday… along with the announcement of a new quantitative easing program of $700 billion. (I will write about this further over the next several days.)
As I have been writing for many weeks, the financial bubble – which the Fed created by pumping trillions of dollars into the financial system – has popped. It will take some time for the bubble to deflate to sustainable levels.
Today I’ll walk you through what’s going on in the markets and the economy… what I expect going forward and why… and what it means for us as traders. (You’ll see it’s not all bad news.)

Coronavirus’ Strain on the Global Economy

To start, let’s put things in perspective: This asset deflation was coming one way or another. Covid19 (or coronavirus) has simply accelerated the process.
Major retailers are closing, tourism is getting crushed, universities and schools are sending students home, conventions, sporting events, concerts, and other public gatherings have been cancelled, banks and other financial service firms are going largely virtual, and there has been a massive loss of wealth.
Restaurant data suggests that consumer demand is dropping sharply, and the global travel bans will only worsen the situation.
Commercial real estate is another sector that looks particularly vulnerable. We are almost certain to see a very sharp and pronounced economic slowdown here in the United States, and elsewhere. In fact, I expect a drop of at least 5% of GDP over the next two quarters, which is quite severe by any standard.
Sure, when this cycle is complete, there will be tremendous amounts of pent-up demand by consumers, but for the time being, the consumer is largely on the sidelines.
Of course, the problems aren’t just in the U.S. China’s numbers look awful. In fact, the government there may have to “massage” their numbers a bit to show a positive GDP in the first quarter. Europe’s numbers will also look dreadful, and South Korea’s economy has been hit badly.
All around the world, borders are being shut, all non-essential businesses are being closed, and people in multiple countries are facing a lockdown of historic proportions. The coronavirus is certainly having a powerful impact, and it looks certain that its impact will persist for a while.
Consider global tourism. It added almost $9 trillion to the global economy in 2018, and roughly 320 million jobs. This market is in serious trouble.
Fracking in the U.S. is another business sector that is in a desperate situation. Millions of jobs and tens of billions of loans are now in jeopardy.
The derivative businesses that this sector supports will be likewise devastated as companies are forced to reduce their workforces or shut down due to the collapse in oil prices. This sector’s suffering will probably force banks to book some big losses despite attempts by the government to support this industry.
In a similar way, the derivative businesses that are supported by the universities and colleges across America are going to really suffer.
There are nearly 20 million students in colleges across the U.S. When they go home for spring vacation and do not return, the effect on the local businesses that colleges and university populations support will be devastating.
What does this “new normal” mean going forward? Let’s take a look…

New Normal

The new normal may become increasingly unpleasant for us. We need to be ready to hunker down for quite some time.
Beyond that, the government needs to handle this crisis far better in the future.
The level of stupidity associated with the massive throngs of people trapped in major airports yesterday, for example, was almost unimaginable.
Instead of facilitating the reduction of social contact and halting the further spread of the coronavirus, the management of the crowds at the airports produced a perfect breeding ground for the spread of the virus.
My guess is that more draconian travel restrictions will be implemented soon, matching to some extent the measures taken across Europe.
This will in turn have a further dampening effect on economic activity in the U.S., putting more and more pressure on the Fed and the government to artificially support a rapidly weakening economy.
Where does this end up? It is too early to say, but a very safe bet is that we will have some months of sharply negative growth. Too many sectors of the economy are going to take a hit to expect anything else.
The Fed has already driven interest rates to zero. Will that help? Unlikely. In fact, as I mentioned at the beginning of this update, the markets are voting with a resounding NO.
The businesses that are most affected by the current economic situation will still suffer. Quantitative easing is hardly a cure-all. In fact, it has been one of the reasons that we have such a mess in our markets today.
The markets have become addicted to the easy money, so more of the same will have little or no impact. We will need real economic demand, not an easier monetary policy.
It won’t help support tourism, for example, or the other sectors getting smashed right now. The government will need to spend at least 5% of GDP, or roughly $1 trillion, to offset the weakness I see coming.
Is it surprising that the Fed and the government take emergency steps to try to stabilize economic growth? Not at all. This is essentially what they have been doing for a long time, so it is completely consistent with their playbook.
Next, I would anticipate the government implementing some massive public-works and infrastructure programs over the coming months. That would be very helpful, and almost certainly quite necessary.
But there’s a problem with this kind of intervention from the government…

What Happens When You Eliminate the Business Cycle

The Fed’s foolish attempt to eliminate business cycles is a significant contributing factor to the volatility we are currently experiencing.
Quantitative easing is nothing more than printing lots and lots of money to support a weak economy and give the appearance of growth and prosperity. In fact, it is a devaluation of the currency’s true buying power.
That in turn artificially drives up the prices of other assets, such as stocks, real estate and gold – but it does not create true wealth. That only comes with non-inflationary growth of goods and services and associated increases in economic output.
Inflation is the government’s way to keep people thinking they are doing better.
To that point: We have seen some traditional safe-haven assets getting destroyed during this time of risk aversion. That has certainly compounded the problems of many investors.
Gold is a great example. As the stock market got violently slammed, people were forced to come up with cash to support their losing positions. Gold became a short-term source of liquidity as people sold their gold holdings in somewhat dramatic fashion. It was one of the few holdings of many people that was not dramatically under water, so people sold it.
The move may have seemed perverse, particularly to people who bought gold as a safe-haven asset, but in times of crisis, all assets tend to become highly correlated, at least short term.
We saw a similar thing happen with long yen exposures and long Bitcoin exposures recently.
The dollar had its strongest one-day rally against the yen since November 2016 as people were forced to sell huge amounts of yen to generate liquidity. Many speculators had made some nice profits recently as the dollar dropped sharply from 112 to 101.30, but they have been forced to book whatever profits they had in this position. Again, this was due to massive losses elsewhere in their portfolios.
Is the yen’s sell-off complete? If it is not complete, it is probably at least close to an attractive level for Japanese investors to start buying yen against a basket of currencies. The major supplies of yen have largely been taken off the table for now.
For example, the yen had been a popular funding currency for “carry” plays. People were selling yen and buying higher-yielding currencies to earn the interest rate difference between the liability currency (yen) and the funding currency (for example, the U.S. dollar).
Carry plays are very unpopular in times of great uncertainty and volatility, however, so that supply of yen will be largely gone for quite some time. Plus, the yield advantage of currencies such as the U.S. dollar, Canadian dollar, and Australian dollar versus the yen is nearly gone.
In addition, at the end of the Japanese fiscal year , there is usually heavy demand for yen as Japanese corporations need to bring home a portion of their overseas holdings for balance sheet window dressing. I don’t expect that pressure to be different this year.
Just as the safe-haven assets of yen and gold got aggressively sold, Bitcoin also got hammered. It was driven by a similar theme – people had big losses and they needed to produce liquidity quickly. Selling Bitcoin became one of the sources of that liquidity.

Heavy Price Deflation Ahead

Overall, there is a chance that this scenario turns into something truly ugly, with sustained price deflation across many parts of the economy. We will certainly have price deflation in many sectors, at least on a temporary basis.
Why does that matter over the long term?
Price deflation is the most debilitating economic development in a society that is debt-laden – like the U.S. today. Prices of assets come down… and the debt becomes progressively bigger and bigger.
The balance sheet of oil company Chesapeake Energy is a classic example. It’s carrying almost $10 billion worth of debt… versus a market cap of only about $600 million. Talk about leverage! When the company had a market cap of $10 billion, that debt level didn’t appear so terrifying.
Although this is an extreme example for illustrative purposes, the massive debt loads of China would seem more and more frightening if we were to sink into flat or negative growth cycles for a while. The government’s resources are already being strained, and it can artificially support only so many failing companies.
The U.S. has gigantic levels of debt as well, but it has the advantage of being the world’s true hegemon, and the U.S. dollar is the world’s reserve currency. This creates a tremendous amount of leverage and power in financing its debt.
The U.S. has been able to impose its will on its trading partners to trade major commodities in dollars. This has created a constant demand for the dollar that offsets, to a large extent, the massive trade deficit that the U.S. runs.
For example, if a German company wants to buy oil, then it needs to hold dollars. This creates a constant demand for dollar assets.
In short, the dollar’s status as the true global reserve currency is far more important than most people realize. China does not hold this advantage.

What to Do Now

In terms of how to position ourselves going forward, I strongly recommend that people continue with a defensive attitude regarding stocks. There could be a lot more downside to come. Likewise, we could see some panic selling in other asset classes.
The best thing right now is to be liquid and patient, ready to pounce on special opportunities when they present themselves.
For sure, there will be some exceptional opportunities, but it is too early to commit ourselves to just one industry. These opportunities could come in diverse sectors such as commercial real estate, hospitality, travel and leisure, and others.
As for the forex markets, the volatility in the currencies is extreme, so we are a bit cautious.
I still like the yen as a safe-haven asset. I likewise still want to sell the Australian dollar, the New Zealand dollar, and the Canadian dollar as liability currencies.
Why? The Bank of Canada, the Reserve Bank of Australia, and the Reserve Bank of New Zealand have all taken aggressive steps recently, slashing interest rates. These currencies are all weak, and they will get weaker.
Finding an ideal entry for a trade, however, is tricky. Therefore, we are being extra careful with our trading. We always prioritize the preservation of capital over generating profits, and we will continue with this premise.
At the same time, volatility in the markets is fantastic for traders. We expect many excellent opportunities to present themselves over the coming days and weeks as prices get driven to extreme levels and mispricings appear. So stay tuned.
submitted by ParallaxFX to Forex [link] [comments]

IQ cash

🚀Welcome to the IQ.Cash Community🚀
❗️Warning: We have found there are many suspicious .exe files spread in our group recently. Don't take any files from groups/members/other source as it's may be contain with a virus. Also don’t send your payment to anyone. Some people will use fake identity as team members to commit cheating. Please stay alert to these people and don’t participate in any unofficial events!
Updates:🔥OTC Market - IQ.cash - Sale ONLY 2 packs of 500k IQ = 12 BTC each🔥
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Benefits and Risks of Trading/Bitcoin trader

Benefits and Risks of Trading/Bitcoin trader

Ought to you jump in and begin using your onerous-mined bitcoins within the markets? Find out the risks and advantages initial.KEY TAKEAWAYS
The market is devoted to trading in the globe's currencies.
https://preview.redd.it/u8gle9a0m4f51.jpg?width=770&format=pjpg&auto=webp&s=9368e9fe9613884fb4fd0c86fb716e50319f2d53
Many brokers currently settle for bitcoin and different cryptocurrencies.
Bitcoin trades benefit from the anonymity and decentralized valuation system the currency represents.
They add a replacement layer of risk trading, exacerbated by the acute volatilityStandard Forex Trade
Before you think about whether to trade using bitcoin, it's helpful to understand how a standaroretrade works.

A forex trade is simply an exchange of 1 currency for an additional at its current rate. Unlike tourists who exchange their home currency for local spending cash, forex traders are trying to form cash off the continual fluctuations in the real value of 1 currency against anothe

Imagine you're an American trader betting that the British pound can lose price compared to the U.S. dollar. This is termed trading on the British pound/U.S. dollar currency pair (GBP/USD).The Impact of Decentralization
The key distinction is that, though forex exchanges would possibly be decentralized, the currencies themselves are backed by central banks in the countries that issue them. It's the duty of those banks to stabilize the value of their currencies and keep them stable
Now think about an example of a forex trade using bitcoin. First, you open a forex trading account with a broker who accepts bitcoins. These embody AvaTrade,one? eToro, and LiteForex.a pair of? You then transfer 2 bitcoins from your digital wallet to the forex broker’s digital wallet.

If you wish to trade using bitcoin, use only a locally regulated forex brokerage. And avoid using leverage till you know what you are doing.
Assuming the present bitcoin to U.S. dollar rate is 1 bitcoin = $seven,500, your deposit of two bitcoins is value $fifteen,00zero. Now, assume that you would like to require an edge in British pounds. If the exchange rate is £zero.five = $one, you may receive £7,500. When it rate changes to 0.45, and you square off your position t.sixty five in your trading account. You have got made a tidy eleven.elevenpercent profit and you're prepared to cash out.




Despite the very fact that your bet on British pounds earned you an eleven.11% profit (from $fifteen,00zero to $16,66six.65), the fluctuation in the bitcoin to U.S. dollar rate suggests that that you sustain a loss of zero.039 bitcoin or about -two.percent. (Initial deposit of 2 bitcoins — 1.961 bitcoins = .039 bitcoin).

However, had the bitcoin to U.S. greenback exchange rate changed to 1 bitcoin = $7,000, you'd realize a benefit from both the forex trade and the bitcoin exchange. You'd have received ($16,66half dozen.65/$7,00zero) = two.381 bitcoins, a profit of nineteen.onepercent.

Increased Unpredictability
This hypothetical example illustrates the large reason to exercise caution when using digital currencies for forex trading. Even the most fashionable and widely used cryptocurrency, the bitcoin, is highly volatile compared to most traditional currencies.

Within the year ending July 24, 20twenty, the value of a bitcoin ranged from $five,532 to $eleven,982
This unpredictability means that that the risks associated with trading forex using bitcoin are that abundant larger
Beyond the exchange rate fluctuations impacting profit and loss, there are other edges and risks to consider before trading forex with bitcoin
Decentralized Vauations: A major advantage of trading forex with the bitcoin is that the bitcoin isn't tied to a central bank. Digital currencies are free from central geopolitical influence and from macroeconomic issues like country-specific inflation or interest rates.
High Leverage: Many forex brokers offer leverage for bitcoin trades. Experienced traders can use this to their profit. However, such high margins ought to also be approached with great caution as they amplify the potential for losses.
Low Deposit Amount: A trader can begin with as little as $twenty five with some bitcoin forex trading firms. A few forex trading companies have even offered promotions sort of a matching deposit quantity. Traders ought to check that the broker is legitimate and appropriately regulated.
Low Cost of Trading: Most forex brokers that settle for cryptocurrency are keeping brokerage costs terribly low to attract new shoppers.
Security: You don’t would like to reveal your bank account or mastercard details to make a bitcoin transaction. This could be a massive advantage in terms of price and monetary security.

No World Boundaries: Bitcoin transactions don't have any international boundaries. A trader primarily based in South Africa can trade forex through a broker based mostly within the United Kingdom. Regulatory challenges could stay a concern, however if both traders and brokers are willing to transact, there aren't any geographical boundaries.
Risks of Trading Forex with Bitcoin
Different Exchange Rates: Bitcoin trades on multiple exchanges and exchange rates vary. Traders must guarantee they understand that bitcoin exchange rates the forex broker can be using.

U.S. Dollar Rate Risk: While receiving bitcoin deposits from clients, almost all brokers instantly sell the bitcoins and hold the quantity in U.S. dollars. Even if a trader will not take a forex trade position immediately when the deposit, he or she remains exposed to the bitcoin-to-U.S. dollar rate risk from deposit to withdrawal.
Danger of Volatility: Historically, bitcoin prices have exhibited high volatility. Within the absence of regulations, volatility will be used by unregulated brokers to their advantage and a trader’s disadvantage. For example, assume the intraday bitcoin rate fluctuates from $five,00zero to $5,300 U.S. greenbacks per bitcoin. For an incoming deposit of two bitcoins, the unregulated broker may apply very cheap rates to credit the trader $10,00zero (2 bitcoins * $five,000 = $10,000). However, once the trader is ready to create a withdrawal, the broker might use rock bottom exchange rate. Instead of the original a pair of bitcoins deposited, the trader receives o
Security Risks Inherent to Bitcoin: Deposited bitcoins are vulnerable to theft by hacking, even from a broker’s digital wallet. To reduce this risk, rummage around for a broker who has insurance protection against theft.


Risk of Leverage: Using leverage is risky for new traders who may not perceive the exposure. This risk is not unique to cryptocurrency forex trading and comes into play in traditional forex transactions still.
Asset Category Mixing: Cryptocurrency may be a different asset class altogether and has its own valuation mechanism. Trading forex with bitcoins primarily introduces a replacement intermediate currency which will impact profit and loss in unexpected ways. Any cash that's not locked down in an exceedingly trader’s base currency is a risk.
Although cryptocurrencies like bitcoin are gaining popularity, there are still several associated risks. In forex trading, dealing in a decentralized currency that provides global transactions with no fees is a bonus. But the tradeoff is actually adding a 3rd currency to what was a trading try
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https://www.cryptoerapro.com/the-bitcoin-trade
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200 achievements of Modi Govt

  1. Fragile five to Fastest growing economy - India
  2. 11th largest to the 5th largest economy - India
  3. Share of world GDP from 2.43% in 2014 to 3.08% in 2018
  4. Average GDP 7.3% against 6.7% in previous regime
  5. Forex reserves from 300 bn USD in 2014 to 420 bn USD in 2018
  6. Doubling of FDI inflow from 36 bn USD in 2014 to 66 billion USD in 2018
  7. Inflation less than 2.3 % (Nov 18) against 10.1% in 2014
  8. Growth of sensex from 24,121.74 in 2014 to 36,395.03 on 12 Feb 19 (50.88%)
  9. Fiscal deficit under control
  10. Per capita income increased by 45% from Rs 86,647 in 2014 to Rs 1,25,397
  11. IT exemption from 2 lakh in 2014 to 5 lakh (effectively 9.85 lakh with home loan)
  12. Restaurant bills tax reduced from 18% in 2014 to 5%
  13. Transaction charges through card down from 1% to 0%, domestic money transfer fee down from Rs 5 in 2014 to zero
  14. Financial inclusion (32 crore bank accounts with 260 billion worth deposits). Almost 100% coverage from earlier 50%
  15. DBT (savings of 83000 crores @ 15000 crore annually), No of govt schemes DBT applied to increased from 34 in 2014 to 433, 2.7 lakh fake mid-day meal students, 3.3 crore fake LPG connections, 87 lakh fake MNREGA job cards, 3 crore fake ration cards eliminated
  16. Zero IT for businesses with turnover upto 60 lakhs
  17. GST exemplifying cooperative federalism, rates of 83 items down from pre-GST rates, out of 1211 items only 35 items in above 18% slab, 39% reduction of cost of basic household items. Average 1 lk crore monthly revenue through GST collection. Exempted for business upto 40 lk
  18. Insolvency and Bankruptcy Code, constitution of NCLT, 3 lakh crores of NPAs recovered, 66 cases resolved, 260 cases liquidated, resolution of stressed assets, 2100 companies pay back 83000 crore to banks settling their pending loan repayments
  19. 75 billion $ or Yen to Rupee exchange agreement with Japan
  20. 1 lakh shell companies deregistered, FCRA licenses of 4800 NGOs cancelled
  21. Fugitive Economic Offenders Bill, properties of economic fugitives seized and auctioned
  22. 1.9 lakh km of rural roads. Rural road connectivity at 91% from 55%
  23. 36 new airports, from 65 in 7 decades to 106, all states now in air connectivity map
  24. Effective international diplomacy following 59 visits to nations, 38 single, 10 double, 3 triple and 2 quadruple visits by PM.(Seen during Airstrikes,No Country opposed India)
  25. Benami Act for action against Money Laundering
  26. Rural sanitation coverage 95 % up from 39% (8.8 crore toilets)
  27. Solar energy capacity increased 8 fold from 2.63 GW to 22 GW, 19. 8.5 GW of biogas grid installed.
  28. Ganga waterway transportation, usage by shipping giant Maersk, cost of transportation reduced from 10/ton (road) / Rs 6/ton (rail) to Re 1/ton
  29. More than 2.4 crore households lit up, rural electricity coverage to households up from 70 to 95%, only 19836 homes remain (in Chhatisgarh) out of 2,48,09,235
  30. Electricity accessibility rank jump from 99 in 2014 to 26 in 2019
  31. 7 crore new gas connections to 3.5 crore households u/69000 conections per day, coverage 90% from 55%, 82% return for refill, 42% beneficiaries Dalits
  32. 14.4 crore mudra loans worth Rs 7 lakh crore disbursed
  33. 18000 remote villages connected with electricity
  34. 2.92 lakh km of optical fibre laid, 0.02% to 50% gram Panchayat connectivity
  35. Swachh bharat mission has saved, according to WHO, 3 lakh lives and will save 1.5 lakh lives per year.
  36. IT filers increase from 3.79 crore to 6.08 crore, enterprises registered for indirect tax up from 64 lk to 118 lakh
  37. Entry of India in global regimes Missile Technology Control regime (MTCR), WA (Wassenaar Arrangement) and Australia Group
  38. 17 crore soil health cards
  39. 1.5 crore houses built, 91.37 crore in rural areas and 13.5 lakh in urban areas against 25 lakh houses built between 2010-2014. House for all target year is 2022.
  40. 1,78,346 houses built in NE over existing 2875 houses built till 2014
  41. Home loan interest rate down from 10.3 % in 2014 to 8.4% in 2018, annual savings of Rs 47,160 for 30 lakhs over 30 years, no GST on affordable housing, 5% on remaining
  42. Trading agreement in rupee with Iran and UAE
  43. Common service centres up from 84k to 3 Lakh
  44. OROP implemented after 43 years, 35000 crores disbursed to 8 crore veterans
  45. India's vaccination programme Indradhanush amongst 12 best practices of world
  46. 5035 Jan Aushadhi and - 1054 medicines under price control (60-90% discounts).
  47. More than 150 Amrit stores, reduction of cost of cromium cobalt Knee implant from 1.58-2.5 lakh to 54,720 and high flex implant from Rs181728 to 56490 (69%), 85% reduction in cardiac stent price to Rs 28000
  48. 87% reduction in 400 cancer drugs
  49. Rate of Interest on higher education loans dropped from 14.75 in 2013 to 10.88% in 2019, savings of 1.18 lakh on 10 lakh loan over tenure of 60 months, Rs 2000 savings on EMI
  50. Data revolution: Cost of 1 GB $0.26 in India against $12.37 in US, $6.66 in UK and $75.2 in Zimbabwe. Unlimited mobile+ 45 Gb data = Rs 150 against Rs 1000 in 2013; annual savings of 10,200
  51. Katra rail line work completed after 16 years
  52. Dhola Sadiya bridge work completed after 16 years
  53. Sardar Sarovar Dam work completed after 15 years
  54. Aadhaar act
  55. Pakyong airport completed after 10 years
  56. Chennai Nashri Tunnel after 10 years
  57. Assam NRC after 40 years
  58. National War Memorial after 50 years
  59. NE cpas after 60 years
  60. Kollam bypass after 43 years
  61. Indo-Bangladesh enclaves after 42 years
  62. Bansagar canal project after 40 years
  63. Bogibeel bridge after 23 years
  64. Western peri expressway after 15 years
  65. Kota Chambal bridge after 11 years
  66. Maibang-Lumding Stretch completed
  67. Delhi Meerut Expressway completed
  68. Ganga Expressway project (world's longest) underway
  69. Metros in Ahmedabad, Nagpur, Jaipur, Lucknow, Washermenpet
  70. All umanned level crossings eliminated
  71. Ayushman Bharat: annual 5 lakh health care to every family, 15.05 lakh hospital admissions for secondary/ tertiary treatment, 2.4 crore e-cards generated as on 10 Mar 19 in 170 days. Target 50 crore people.
  72. 59minutes loan portal: 92,000 loan applications of MSME amounting to 30,000 crores approved, 6000 crores sanctioned till Nov 18
  73. 87% of farming house (owning land of 2 hctrs) or 12 cr ppl to get kisaan sammaan nidhi of Rs 6000 pr year. Rs 5215 cr transferred directly to 2.6 crore farmers in 37 days (for households with holding less than 0.01 hectares incm per month so far was Rs 8136 agnst exp of 6594
  74. 1.5 million electric rickshaws
  75. Procurement of 36 Rafale on Government to Government Basis avoiding middlemen
  76. 05 billion$ S 400 Triumf air defence missile system deal with Russia
  77. 145 M777 howitzer deal
  78. 22 Apache AH 64E multi-role combat helos
  79. 200 KA-226T helicopters
  80. 56 EADS CASA C-295 transport aircraft
  81. 15 CH 47 Chinook tactical transport helicopters
  82. 2.3 lakh Bullet proof jackets
  83. 1.6 lakh Bullet-proof helmets
  84. 777 mn USD Barak 8 LRSAM contract
  85. 5 bn USD S-400 air defence systems
  86. 10 Heron TP armed drones
  87. 4 additional P8I MR aircraft
  88. 40 units of Laser sensor border fence installed
  89. 72,400 Sig Sauer Assault rifles
  90. 100 self-propelled K9 Vajra howitzers
  91. 700000 AK-103 Kalashnikov assault rifles indigenous facility
  92. Surgical strikes in Myanmar, across LoC and in Pakistan. Only Country to bomb a Nuclear Powered Country
  93. 240 million visitors at Kumbh Mela 2019, cost 4236 crores @ Rs 177 per tourist, revenue 1.2 Lakh crores
  94. 833 teraflop supercomputer Param Shivay by IIT BHU at Rs 32.5 crores
  95. Divisional status to Ladakh
  96. 470 bed ESIC hospital in Ennore
  97. 100 bed ESIC hospital in Tiruppur
  98. Namami Gange - Ganga is 30% cleaner, 83 out of 97 ganga towns and 4456 villages achieved ODF status, 08 out of 16 drains emptying 16 crore l sewage into Ganga tapped. Target date Mar 2020
  99. 5,45,122 ODF villages, 598 ODF districts, 27 ODF states/ villages
  100. RERA implementation
  101. Udaan scheme - flight cost down from Rs 5000/1000 km in 2013 to 3400/1000 km in 2018, 34 airports operationalised, small towns connected, all states on aerial
  102. Preventive conservation of 39275570 folios, curative conservation of 3656863 filios, digitisation of 2.83 lakh manuscripts consisting of 2.93 crore pages
  103. India is now world's largest 2-wheeler manufacturer, 2nd largest smartphone manufacturer (94% of mobiles sold now made in India), 4th largest automaker, 2nd largest steel producer
  104. 5100 m Mandvi Bridge in Goa in 3.5 years
  105. Ease of doing Business ranking jump from 134 in 2014 to 77 in 2019
  106. Therubali - Singapur Bridge No 588
  107. Restoration of Asurgarh Fort, Kalahandi
  108. GeM portal with 731431 product categories, 180,862 registered sellers and 32114 govt buyers
  109. 10% EWS reservation
  110. 40% of ongoing 700 NH projects completed, adding 40,039 km between 2014-18 against 91,287 km between 1947-2014
  111. Highway construction rate jumped from 12 km/day in 2014 to 27 km/day in 2019
  112. 101 terrorists and 11 offenders extradited
  113. 90,000 ex-partite Indians evacuated
  114. Chabahar port, Sittwe port and Duqm port
  115. Military installation in Seychelles
  116. International logistics agreements with US, France and Singapore
  117. Work underway on 25 MLD ZLD Common Effluent Treatment Plant at Gujarat Eco Textile Park and will save 25 million litres of water per day
  118. Beautification of 65 railway stations, all stations fitted with LED lights, wi-fi, multi-brand food centres, kiosks, executive lounges, lifts (445 from 97 in 2014), escalators (603 from 199 in 2014), travellators and ramps
  119. Record number of foot over bridges built
  120. 871 new train services
  121. 180 new rail lines
  122. Dedicated railway freight corridor - 2 sections completed
  123. 100% electrification of railways underway, first solar powered railway station (Guwahati). First solar powered train (world's second), savings of Rs 40 Lakhs and 90,000 ltrs diesel per year
  124. Make in India semi-high-speed trains - Tejas, Gatiman and Vande Bharat
  125. Humsafar and Antodaya trains, Deen Dayalu and Anubhuti coaches, UDAY double decker, glass dome Vistadome coaches
  126. Project Swarn and Project Utkrisht to upgrade Rajdhani/Shatabdi and Mail/Express respectively
  127. Largest coach production in world at ICF, Chennai
  128. No more human extreta on railway tracks. Installation of 1.37 lakh out of 2.5 lakh completed in Jun 18.
  129. 400 wi-fi railway stations (Aug 18)
  130. 80% reduction in rail accidents
  131. 10 high speed rail corridors underway, target date 2025-26
  132. Export of world class customised coaches from MCF, Rae Bareli
  133. LIC and Air India register profit
  134. 2300 km rail tracks constructed, speed jumped from 4.1 km/day in 2014 to 6.53 km/day in 2018
  135. Neem coating of urea
  136. Gokul mission - record 160 million ton milk production
  137. Online availability of CBSE and NCERT books
  138. 10 crore LED bulbs distributed, 5000 crore savings
  139. Investment in urban infrastructure jumped from 157703 crores to 795500 crores
  140. Statue of Unity to commemorate Iron Man of India
  141. Rs 2509 crore sales in Khadi
  142. 482.36 million digital transactions worth Rs 74,978 crores in Oct 2018 against 0.3 million transactions worth Rs 90 crores in Nov 2016
  143. 30% increase in ATMs, 208% increase of PoS machines from 10.81 lakh in May 14 to 33.32 lakh in Aug 18, 111% increase in credit cards from 1.94 crore in May 14 to 4.10 crore in Aug 18, 144% increase in debit cards from 40.17 crore to 98.02 crore
  144. Ease of Doing Business Index 142 (2014) to 100 (2018)
  145. Ease of getting electricity index 99 (2014) to 26 (2018)
  146. UN's e-govt index 118 (2014) to 97(2018)
  147. Globalisation index 112 to 107 (2018)
  148. Innovation index 76 to 60 (2018)
  149. Competitiveness index 71 to 39
  150. Logistics performance index 54 to 35
  151. Global peace index 141 to 137
  152. DBR ranking 100 to 77
  153. India ranks 3rd in global start up ecosystem
  154. 06 crore jobs in MSME sector based on CII data
  155. 448 million formal jobs based on EPFO, NPS and PPF data
  156. 10 crore jobs in entrepreneurship via mudra and other schemes
  157. 80% increase in tax payers, 51.3 % increase in gross tax revenue
  158. Black Money report card - Voluntary income declaration scheme (Rs 65250 crore), IT search and survey operations (35,460 crore), Pradhan Mantri Garib Kalyan Yojana(5000 crore), Benami transactions Act (4300 crore), Black Money and Imposition of Tax Act (4100 crore)
160 Rs 6000 financial assiatence for pregnant women
161/1 . Sagarmala: port capacity increase from 8 to 14.7 lakh ton, cargo up from 89 to 116 MMT 8 new national waterways including ganga waterway NW-1 and Brahmaputra waterway NW-2.
161/2. domestic cruise service between Mumbai and Goa, ro-ro services on Ghoga-Dahej reducing travel distance from 294 to 31 km
161/3. New international cruise terminals at Chennai and Goa, railway line between Haridaspur and Paradip underway, LNG import terminal at Kamarajar port, Oil berth ai Jawahar Dweep,Coal berth at Mangalore port
161/4 . deep draft Iron ore berth at Paradip berth, JNPT SEZ, Kandla and Paradip smart industrial port city, largest dry dock and international ship repair facility at CSL, modernisation of 17 fishing harbours
  1. 800 km Delhi-Mumbai Expressway underway
  2. Replacement of bio-toilets with upgraded vacuum bio toilets in trains underway. Order for 500 placed on experimental basis.
  3. No terror strikes in hinterland
  4. 103 new KVs
  5. 62 new Navodaya Vidyalayas
  6. 6 new IITs against 16 in previous 57 years
  7. 6 new IIMs against 13 in previous 57 years
  8. 7 IIITs against 7 in previous 57 years
  9. 02 new IISER
  10. 12 new AIIMS against 7 in previous 57 years.
  11. 141 new universities against 30 in previous 57 years
  12. 01 new NIT
  13. Life Insurances @ Rs 12 annual and @ Rs 12 monthly premiums
  14. Atal Pension Yojana
  15. Pension to 42 crore people of unorganised sector
  16. Ambedkar memorial
  17. BHIM application for digital payments
  18. Khelo India Initiative for tracking of athletes' development, Rs 5 lk per annum scholarship for 1000 budding athletes per year for eight years each; monthly Rs 50000 out-of -pocket exptr, 2000 PETs, salary cap of coaches doubled from Rs 1-2 lk per month, target 15 yrs
  19. Special Task Force for Olympics
  20. RERA Act
  21. Bullet train maiden project
182/1. Rs 6.92 lakh crore Bharatmala project, 44 economic corridors with 9000 km road, 2000 km port connectivity, 9000km roads to connect district HQs with NH,
182/2. 2000 km road with Nepal, Bhutan, Bangladesh and Myanmar, opening up of 185 choke points, road development to char dham, 12 greenfield expressways spanning 1900 km
  1. 36 murtis retrieved and brought back to India in 2014-2019 under India Pride Project against 02 between 2000-2013, 02 in 90s, 03 in 80s, 01 in 70s and nil in 50s and 60s
  2. Unemployment rate 3.8% against 13.8 % in 2013
  3. India is a less-cash society now
  4. Develpment of Trincomalee and Columbo port while checkmating China's Hambantota by taking operations of near by (15 km away) Mattala Rajapaksha International Airport
  5. Plugging the 'double taxation avoidance' black money loophole through a new tax agreement with Mauritius
  6. Deal with Switzerland for automatic tax data sharing from 01 Jan 2019
189/1 Varanasi - Varanasi ring road phase 1 completed, phase 2 underway, inland waterways terminal, Babatpur airport highway, 140 MLD Dinaput STP, facelift to railway station, big cow shelter for stray cattle, BPO centre, piped gas project, Varanasi-Balia rail project,
189/2. Vande Bharat Express, Kashi Vishwanath temple - Ganga Ghat corridor project, renovation of all bathings ghats, LED illuminations of ghats and major roads, underground electricity cabling,
189/3. new sewage plants, 02 cancer treatment facilities, 65th to 29th rank in swachhata sarvekshan (2016), 90% ODF district.
  1. Creation of 100 Smart cities, 100 crore per year per city for 05 years, 500 acres for retrofitting, 50 acres for redevelopment, 250 acres for green field projects, 10% of energy from renewable resources, 80% of green building construction, special purpose vehicles.
191/1 Development of 500 AMRUT cities underway, urbanization project of rejuvenation and transformation which includes beach front development, prevention of beach erosion, improvement of water supply, replacement of pipelines,
191/2. New sewerage connections, greenery and open spaces, digital and smart facilities, e-governance, LED streetlights, public transport, storm water drainage projects in a phased manner, Target date 2022
  1. Increase in Child Sex Ratio (CSR) in 104 BBBP (Beti Bachao Beti Padhao) districts, anti-natal care registration in 119 districts and institutional deliveries in 146 out of total 640 districts as in Mar 18. CSR of Haryana increased from 871 to 914.
  2. International Yoga Day
  3. Aspirational Districts Programme: 115 'backward' districts placed under 'prabharis' and for competitive development on the basis of 49 performance indicators, target year 2022.
195/1. Make in India: 16.4 lakh crore investment committments, 1.5 lakh crore investment inquiries, 60 bn USD FDI, 26 sectors covered, 23 positions jump in World Bank's Doing Business Report (DBR), 32 places in WEF's Global Competitiveness Index (GCI),
195/2 19 places in Logistics Performance Index, 42 places in Ease of Doing Business index, schemes include Bharatmala, Sagarmala, dedicate freight corridors, industrial corridors, UDAN-RCS, Bharat Broadband Network, Digital India.
  1. 251 Passport Seva Kendras (PSKs) and Post Office Passport Seva kendras (POPSKs) against 77 till 2014, target of one PSK every 50 km across India.
  2. Unanimous election of Justice Dalveer Bhandari to ICJ forcing UK to pull out own nominee Christopher Greenwood, demonstrating India's clout in international arena.
  3. India Post Payments Bank: India's biggest banking outreach with 1.55 lakh post offices (2.5 times banking network) linked to IPPB system
  4. Philip Kotler award, Seoul Peace prize, Champion of the Earth Award, Grand Collar of the State of Palestine, Amir Abdulla Khan Award, King Abdulaziz Sash award, Amir Amanullah Khan award.
  5. 1900 gifts and memorabilia received by Modi auctioned and 11.7 crores added to Namami Gange fund, 1.4 c of Seoul Peace award also to Nammami Gange.
New Adds
  1. Removal of article 370 and thereby also 35a after several decades.
  2. Giving citizenship to persecuted minorities in Pakistan, Bangladesh and Afghanistan through passing of CAA.
  3. Trust for creation of Ram Mandir underway.
  4. Abolishment of Haj subsidy.
  5. Abolishment and criminalization of instant triple talak.
  6. Deal with Bodo community.
  7. Getting Maulana Masood Azhar listed as an UN designated terrorist.

Source - https://www.reddit.com/IndiaRWResources/comments/bgkus6/200_achievements_of_modi_govt/

List more achievements in the comment section and lets make the list bigger, a big thank you to our fallen kar sevak u/Alive_Firefighter
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Global Partners Testimonies  CASH FOREX GROUP - YouTube CashFX - WELCOME NEW MEMBERS...!!! Cash FX - Cash Forex Group Global cash mastercard Cash FX Scam Update 2020 - YouTube Everyone can now earn from the Global Forex Markets - YouTube

Our award-winning Forex Global platform gives you everything you need to make the most of your investments in Currencies, Cash Equities, Cash Indices, Metals, Energies, Oil and Gas and much more. Trading financial instruments carry a high level of risk and may not be suitable for all investors. Please ensure that you understand the risks involved as you may lose all your invested capital. Past ... Cash Forex Group is artfully combining the technical expertise required for forex success, with a dedicated corporate team, state-of-the-art headquarters and a passion for helping those with a strong desire to improve their lives. Know More About Forex. WELCOME TO THE TRADING Academy. We have developed much more than an online forex learning center. CFX has combined Academy learning with real ... Available cash and liquidity*: $832 million; Regulatory capital excess: $198 million; StoneX Group Investor Relations *Includes the amount of undrawn committed credit facilities Trade with a broker you can rely on Open An Account. Or, try a demo account. Try a Demo Account Experience our FOREX.com trading platform for 90 days, risk-free. ALL FIELDS REQUIRED. Your form is being processed ... With Cash Forex Group they claim to be able to pay up to 15% per month and a return on investment of 200 – 400% over time. Supposedly only 70% of your investment goes toward actual investing & 30% going towards education …. In my opinion, the 30% goes toward recruiting bonuses. The withdrawal fee is also 25% so where does the 25 percent go to? Yes, once again back to the recruiting members ... Forex Global Quick Explainer. forexglobal ltd is a leading provider of online bitcoin foreign exchange (FX) trading located in west London, England. We focus more on CFD trading, spread betting and related services. The company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering . innovative trading tools, hiring excellent trading ... The Cash Forex Group is a brutal scam that is going to collapse. It is not regulated, stay away from it! ... well said, and going on from this comment 8 months on, and in the middle of a pandemic with global markets in a spin, Cashfx is still pushing out 6-7% weekly. thousands of users world wide, returns are genuine and so is the MLM payouts, totally sustainable, company makes money, we make ... The Cash FX Group Forex scam has all the signals of a scam: You can not pay by wire transfer of card; There is no information about who is behind the company ; There is no address, other than the website claim that they are based in Panama; Panama is know as the country of money laundering and secrecy; It is promoted by people known to promote scams; The location of the website is hidden by ... Global transfers & Non Resident Banking. Remittances; Forex; Our Financial Institution partners. Sohar rewards. Prize Scheme; Visa Promotions; Credit card points. Digital banking. Corporate eBanking. Global Market Select the Forex menu on the left side of the screen and select one of the following: Select Once-off Global Payment (if this is a once-off payment or first payment to a new recipient) or select a saved recipient if this is a payment to a beneficiary previously saved. Global FX offers to Forex traders different trading conditions, depending on the amount of the first replenishment . The minimum set includes a limited number of buy or sell orders, connection of AutoChartist software that automatically identifies technical analysis patterns on your charts, and induction course explaining how to trade on Forex. If you add at least $1000 to you account you will ...

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Global Partners Testimonies CASH FOREX GROUP - YouTube

Cash FX Scam Update 2020 In this video I go over the Cash Forex (FX) Opportunity and the results that I have had since joining. In trying to answer some of t... Cash Forex Global Partners have to say already about this winning project ! ! 👇 Click the "SHOW MORE" text below to see the full description. https://AiExpertAdvisor.com Cash Forex Group Business Presentation 9-20-2019 CashForex Global Global Cash Card - Te Enseño Cómo Retiro Dinero Con Mi GCC - Duration: 1:22. ... FOREX: How To Trade Pure PRICE ACTION (Make Trading As Simple As 1 - 2 - 3) No Indicators! - Duration: 20:07. The ... Cash Forex Group - Copy Trading Coming Soon (English) - Duration: 8:04. ... Global Marketing System 32 views. 6:22. Forex Scalping Strategy 1K - 50k In 2 Years - Duration: 29:33. Jay Take ... The Global Foreign exchange Market is the largest financial market in the world and is now estimated to be worth over $6 trillion a day. The Cash Forex Group believes that success in trillion ...

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