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HYCM’s Giles Coghlan Unveils What 2020 Holds For Markets | Finance Magnates

HYCM is a globally established forex broker under Henyep Capital Markets Group, a global corporation founded in 1977, operating in Asia, Europe, and the Middle East. Since its conception, HYCM has won over 20 awards including the categories Best Forex Broker and Best Forex Trading Platform.

HYCM is a globally established forex broker under Henyep Capital Markets Group, a global corporation founded in 1977, operating in Asia, Europe, and the Middle East.

Since its conception, HYCM has won over 20 awards including the categories Best Forex Broker and Best Forex Trading Platform.

Giles Coghlan is HYCM’s Chief Currency Analyst and utilises over 10 years of trading experience to help HYCM clients by providing daily market updates, online webinars and workshops, and in-person seminars.

The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation

He is also a contributor to major forex and financial media including City A.M., Yahoo Finance, CNBC Arabia and Forbes Middle East.

Today Giles shares his expertise with Finance Magnates and discusses the secrets to the company’s success and what the rest of 2020 potentially holds for the trading industry.

How has HYCM stayed ahead of the competition with its comprehensive offering for retail traders?

As part of the Henyep Capital Markets Group, HYCM shares over 40 years of Group experience which is quite a lot for the modern forex market.

When the industry opened its doors to retail clients, we were already an established expert in the financial markets; this groundwork is one of our key advantages.

Over these four decades we have covered several milestones, including becoming a member of the Hong Kong Futures Exchange, and our chairman joining the Commodities Exchange of New York (COMEX).

We also have licenses in several jurisdictions including the FCA, CySEC, and DFSA, and have partnered up with leading providers such as Barclays Bank, Eurobank, Moore Stephens and BDO Ltd, part of BDO International, the fifth largest accountancy network in the world.

Henyep Capital Markets Group has businesses in capital markets and securities, direct investments, financial services, property, education, and charity.

So, our clients know they are trading with one of the most solid and secure brokers in the world.

What are the core products HYCM offers to trade, and which of these are the most popular for clients?

HYCM offers over 100 trading instruments including forex, commodities, indices, ETFs* and cryptocurrencies**, exceptional trading conditions, account types for every trading style, cutting-edge technology, and unlike many other brokers, we offer trading on both MT4 and MT5 platforms.

Some of our most-traded instruments are major forex currency pairs such as EUR/USD, GBP/USD, USD/JPY, bitcoin, commodities like oil and gold, and indices such as the US100, US30, US500, HK50, and the GER30.

Of course, it depends on the location and jurisdiction as we operate globally with offices in key financial locations including the UAE, Cyprus, Hong Kong, and our headquarters in London.

It is also worth mentioning that the majority of our traders are experienced traders.

We also work with big investors and institutional clients who select HYCM for its excellence and reputation.

Giles, you are a professional trader yourself. How do you go about sharing your experience with traders?

I have been trading for over 10 years now and am very happy to share my expertise with our clients by providing regular market updates, online webinars and hosting in-person seminars and workshops for advanced traders across the globe.

For instance, every Monday I run a free FX Week Ahead webinar in which we look at the upcoming week while analysing market movements.

Traders will learn how to understand market sentiment and prepare for market-moving events, as well as benefit from a live Q&A session.

Every Wednesday, in the popular Level Up with HYCM workshop we focus on practical exercises and learning the technical side of trading, which does require a demo account to complete the exercises.

How do you see the market responding to the current situation with coronavirus?

We have seen a temporary recovery of equity markets from recent lows due to the extreme levels of government support to prop up their economies.

The Federal Reserve announced virtually unlimited quantitative easing at the height of the crisis and trillions of dollars of rescue packages.

This gov’t response has been repeated across all the major economies and essentially propped up the falling equity markets.

However, I see more downside in stocks in the future as earning levels are released. One area I am looking at is that of previous pandemics, like the great flu pandemic of 1918, and how it came in waves.

If we see a second and third wave of the COVID-19 outbreak I will be looking for a fresh leg lower in stocks and record highs for gold prices.

What does 2020 hold for HYCM? Are there any goals or projects the company has in the pipeline?

This year we have already launched a new product; exchange-traded funds (ETFs) on our MT5 platform, which are currently only available under HYCM Ltd.

We now offer 20 different ETFs including the top three most-traded ETFs: SPDR S&P 500, iShares Russell 2000 Index, and VelocityShares 3x Inverse Crude Oil ETN.

In this era of high volatility including the current situation with coronavirus, ETFs are very desirable as traders are looking for less volatile instruments.

We have also introduced a new referral program*** to reward our clients who invite their friends to register and start trading with HYCM.

It is fully automated and integrated into the HYCM client portal, making it very easy to use and one of the main benefits of the program is that these rewards can be withdrawn.

We are always working on improving our products and technology and looking for ways to thank our active traders for their loyalty and dedication, as well as expanding our offerings to new clients.

* Only available under HYCM Ltd.

** Not available under HYCM (Europe) Ltd.

*** Not available under HYCM (Europe) Ltd.

About HYCM

HYCM is the global brand name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, Henyep Capital Markets (DIFC) Ltd and HYCM Ltd, all individual entities under Henyep Capital Markets Group, a global corporation founded in 1977, operating in Asia, Europe, and the Middle East.

Learn more about HYCM

High Risk Investment Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.

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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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Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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