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10 trading tips you need to know for 2020

No doubt, a quick internet search will yield a plethora of forex trading tips and strategies. The problem with many of these are now dated and are either no longer valid or need to be tweaked so as to be applicable to current lines of thinking.

Some tips to help your trading going into the new year

No doubt, a quick internet search will
yield a plethora of forex trading tips and strategies. The problem with many of
these are now dated and are either no longer valid or need to be tweaked so as
to be applicable to current lines of thinking.

The tips and forex strategies for 2020 that you see
listed below can be put to use immediately and should also prove helpful
throughout the coming year.
ForexLive

Tip #1: Embrace Cryptocurrency Trading

If you’ve been bypassing digital assets,
now is the time to give them a serious look. Massive profits have been
generated by those who traded cryptos throughout 2019, as these assets provided
clear, strong price trends to trade upon.

Top brokers such as EagleFX are now offering a wide variety of cryptocurrencies
for traders to trade on, thus providing unlimited profit opportunities.

Tip #2: Work Smarter Rather than Harder

Modern
platform tools render the analysis process easier and more accurate than ever
before. Move past any old, time-consuming analysis processes and embrace these
tools in order to save time and boost profits.

Tip #3: Don’t be Fooled – The Trend Is Still Your Friend

Yes,
there are plenty of new strategies that require you to trade against the trend,
but don’t be fooled. Even in 2020, trend trading is still the way to go.
Trading against the trend consistently will only lead to unnecessary losses.

Tip #4: Protect Against Unexpected News

If
2019 has taught us anything, it would be that unexpected news can wreak havoc
on the markets. Always set a stop loss. Not because you expect to lose, but
instead to protect your account from the potential of a large loss brought
about by unexpected news.

Tip #5: Always Use a Demo Account

Even
if you’ve been trading for years, always use a demo account to test strategies.
Brokers such as EagleFX offer unlimited demo accounts with no obligation and no
deposit requirements. Why test a strategy with your hard-earned money when you
can test using mock funds?

Tip #6: Never Trade The News

For
years we heard about trading just prior to, during, or just after market
altering news was released. Today, we know that the best plan of action is to
look for opportunities to trade once the dust has settled. In other words,
allow the price action tell you whether the news caused the market to be
bullish or bearish.

Tip #7: Utilize Using a Mean Reversion Tool

Want
to avoid entering into overextended markets? Use EMAs as a means reversion
tool. Watch for the bearish or bullish signals that come from seeing an asset
price move above or go below your selected levels.

Tip #8: Get to Know Your Broker Better

Your
broker is much more than a platform provider and payments processor. Let’s say
that your power goes out and you need to close a trade. Is your broker
available around the clock? Can they be reached via phone? Brokers such as
EagleFX take a “client first” approach and therefore make a good
choice for those seeking a full-service firm.

Tip #9: Stop Ignoring Long-Term Trends

There
is little to be learned from short-term price analysis. Long-term price action
tells so much about what to expect from an asset. Consider ditching the less
reliable short-term trades and opt instead for the lessened risk level that
comes with being a wise and patient long-term trend trader.

Tip #10: Limit Financial Risk Using Micro Lots

Forex brokers such as the aforementioned
EagleFX now allow their clients to trade in micro lots, using trade sizes as
small as 0.01 lot. If you’re new to trading or simply are not confident in a
trade, but want to trade anyway, consider using these smaller trade sizes as a
means to limit financial risk.

As time passes, traders are provided
with more education, better strategies, and are given access to incredible
brokers such as EagleFX. Clearly, there has never been a better time to trade
forex, with 2020 looking to be a year of record-setting profits for those that
do.

Consider using the tips and strategies
listed here to help ensure that you make the most of the limitless profit opportunities
that come your way in the coming year.

This
article was submitted by EagleFX.

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Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like BitFortune.net, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.

 

Why You Need to Get Onboard With Blockchain!


Why You Need to Get Onboard With Blockchain!


Visit bitfortune.net . for more interesting Infographics

Guys did an amazing job and was allowed to share.


 

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Statements about Cryptocurrency

Statements about Cryptocurrency

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements about Cryptocurrency

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on.

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the “FOMO” mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of “us against the world” is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

Statements about Cryptocurrency

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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