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IQ Option – Is This Online Broker Reliable?

IQ option is a reliable online broker and well-known in the industry. IQ option trading platform is intuitive and we can recommend IQ option to traders from beginner to advanced. IQ Option was founded in 2013 by IQ Option Ltd. Their trading platform offers traders a variety of financial instruments. The desktop and mobile trading…

Review Summary:

IQ option is a reliable online broker and well-known in the industry. IQ option trading platform is intuitive and we can recommend IQ option to traders from beginner to advanced.

IQ Option was founded in 2013 by IQ Option Ltd. Their trading platform offers traders a variety of financial instruments. The desktop and mobile trading platform received numerous awards for its features and capabilities. IQ Option offers popular instruments: forex, ETFs, stocks, commodities, cryptocurrencies, binary options and digital options. The company is based in Cyprus, and, like other CIFs (Cypriot Investment Firms), is regulated by the Cyprus Securities and Exchange Commission (or CySEC). The Cyprus Securities and Exchange Commission has authorized this broker to operate under the CIF license #247/14. IQ Option is a trading platform was designed to offer online financial services to traders across the globe including EEA (European Economic Area). Since IQ Option was founded in 2013, its users has grown , due to its reputed accessibility, low minimum deposit requirement, and available free demo account.

In this IQ Option review, we will go over everything you need to know about this broker and decide whether this company is right for you.

IQ Option is a trading platform available on both desktop and mobile. IQoptions allows the user to trade a range of different financial instruments – such as stocks, cryptocurrencies, binary options, Forex, ETFs, and commodities. IQ Option has become a popular international platform, with 50 million registered users. There are over 1 million transactions taking place each day. IQ Option is accessible to traders from over 213 countries across the world.

Broker: IQ Option
Demo Account: Yes
Assets Available: Digital Options, Binary Options, Commodities, ETFs, Forex, Cryptocurrency, Stocks
Minimum Deposit: $10
Min. Trade: $1
Mobile Trading App: iOS, Android
Desktop Trading: Windows, MacOS
Auto Trading: No
Payout: 91% – Maximum $1 Million USD
Countries Not Available: ​United States, Japan, Israel, Turkey, Belgium, Russian Federation, Australia, Canada, Germany, Italy, Netherlands, Romania, Spain.
Deposit Methods: ​Credit Cards, Debit Cards, ​Maestro, Skrill, WebMoney, Cash U, Neteller, and Moneybookers
Withdrawals: Processed Within 1 Business Day (​Credit Cards, Debit Cards, ​Maestro, Skrill, WebMoney, Cash U, Neteller, and Moneybookers)
Islamic Account: Yes
Regulated by: CySec
Our Rating: 4.9/5

Trading Platform

IQ Option has a proprietary trading platform. The trading platform is user-friendly and easy to use. The trading tools included: multi-chart layouts, technical analysis, economic calendars, stock screeners, historical quotes, volatility alerts and market updates. Unlike other brokers, their platform is available in 13 languages. Unlike other brokers, their platform is available in 13 languages.

IQ Option’s trading platform allows you to trade a variety of financial instruments and assets. These include stocks, Forex, binary options (unless you are in the EEA, where binary options are prohibited), digital options, ETFs, cryptocurrencies (such as Bitcoin, Litecoin, and Ethereum), and other commodities. The main screen shows a chart displaying currency value over time. On the right side of the screen, you can buy and sell currencies. The top of the screen displays the balance available in your trading account, and the asset that you are trading in.

The chart is in the middle of the screen. Buy and sell button are on the right side. Account balance is shown at the top.

Trading Platform IQ Option

Trading Platform IQ Option

You can choose from assets such as ETFs, stocks, options, Forex, indices, cryptocurrencies, and commodities. You can choose between these different assets by clicking on the drop-down box on the left-hand side of the screen. The user Interface has useful browse and search functions to help you find specific assets.

Markets Available

Markets Available

If you choose to trade, click on the buy or sell buttons on the right hand side of the user Interface. Input the amount that you wish to buy or sell. If you want to multiply your potential profit by a coefficient, you can enter a multiplier. This increases risk as well as potential gain. You can choose and set thresholds that close the trade to avoid you spending too much of your balance.​

Buy and Sell Buttons at IQ Option

Buy and Sell Buttons at IQ Option

Technical Indicators

IQ Option technical indicators are useful in helping the user identify and monitor trends. This gives traders insight into which trades are likely to be profitable. The technical indicators include: Volume (exchange), Bollinger Bands, Alligator RSI, MACD, MA, Stochastic Oscillator, Awesome Oscillator, ATR, Fractal, ADS, CCI, Ichimoku Cloud, KDJ, DPO, Belkhayate Timing.

Technical Indicators

Technical Indicators

Analysis Charts

IQ Option trading platform has an array of visual charting tools. These allow traders to map out their trading strategy. The graphs offered on the user Interface include Area, Line, Candles, Hollow Candles, and Bars.​

VIDEO: How to Trade with IQ Option

[youtube https://www.youtube.com/watch?v=hAlnAqWWwMc?controls=0&w=560&h=315]

Assets Available to Trade With IQ Option

IQ Option offers 90+ different trading options to trade. IQOption started as a binary options broker, but offers CFDs on Forex, ETFs, Stocks, Cryptocurrencies and Digital Options.

Forex

Forex trading is one of the most popular instruments on IQOption. Their competitive spreads and over 50 currency pairs makes this a great trading platform. Available Forex pairs on the IQ Option platform include: GBP/JPY, EUR/USD, USD/JPY, USD/CHF, NZD/USD, USD/CAD and AUD/USD among others.

Stocks

IQ Option trading platform offers CFDs on 184 stocks. No opening fees are charges for stock CFDs. Minimum investment is $1 with leverage of up to 1:20. Many of these stock assets listed are from the NYSE and the NASDAQ. IQ Option allows you to trade companies such as: Tesla, Amazon, Apple, AMD, Facebook and many others.

Cryptocurrency

IQ Option platform offers traders 12 different CFDs on cryptocurrencies. These include: Bitcoin, Ripple, Qtum, Ethereum, ZCash, Dash, TRON, Litecoin, EOS, Bitcoin Cash, Ethereum Classic, OmiseGo. Margin trading leverage and short selling is easy with fast and seamless withdrawals and deposits. Like any other assets available to trade in with IQ Option, cryptocurrency assets can be traded using CFDs, Forex, or traditional options.

IQ Option has another handy feature that allows users to purchase cryptocurrency multiples.

Cryptocurrency multiples are leveraged trades. The underlying price remains the same and remains the key factor in the profit/loss of the trade. The potential profit/loss on any deal is magnified by the multiplier. Before, IQ option platform offered a single multiplier called Bitcoin X 100 – which, as you can imagine, multiplied the Bitcoin price by 100 times. The success of this feature led to IQ expanding the range of multipliers available – to other cryptocurrencies such as Ethereum (ETH), TRON, IOTA, and Ripple, and by different quantities (X 20, X 50, and X 100) on Bitcoin. If you enjoy a high risk/reward ratio on your trading, this feature is a huge benefit. In addition to the multipliers feature, IQ option offers the Open Trade Network (OTN) – their own blockchain-based cryptocurrency exchange based on the Ethereum blockchain platform. OTN has been operating since 2018, and offers users a personal cryptocurrency wallet and specialized OTN coins (or tokens). OTN is a reliable and regulated blockchain innovation that has proved to be a worthwhile investment both for IQ themselves and for their users. OTN tokens are awarded to traders as an incentive to use OTN (and can be traded on the market) – a gamble that has paid off for the company, caused a shift in the financial trading industry, and provided great features and opportunities to traders!

Commodities

With IQ Option you can invest in physical commodities. This is becoming popular for a variety of reasons. Physical commodities aren’t prone to depreciation and affected by market fluctuations and inflation like currency-based assets. Diversification of an investment portfolio is another reason traders may purchase commodities. IQ Option offers the option to purchase and trade CFDs on 4 different commodities: Gold, Silver, Crude Oil Brent and Crude Oil WTI.

ETFs

IQ Option offers the ability to trade digital options on ETFs (Exchange-Traded Funds). IQ Option offers 24 ETFs to trade in, such as semiconductors, energy, technology, metals, utilities, emerging markets, and futures volatility. With an ETF, various securities are combined into a single “basket” that is traded as a single financial instrument.

Options

IQ Option offers 49 different options. IQ Option binary options trading features are intuitive and accurate. If you live outside of the EU and value the simplicity of binary options, IQ Option offers a trading great platform for binary options. The trade expiry ranges from 1 minute to 1 month, and binary option trades have a fixed return. IQ Option’s limits on binary option trading make things simple. Traders who value flexibility and control over simplicity may find them restricting.

Digital Options (CFD)

IQ Option offers digital options. This financial instrument allows speculation on the price movement of the financial asset. The payouts go up to 900%. Minimum investment is low at $1 and expiry times go from 60 seconds to 15 minutes.

Mobile App

Mobile trading is becoming popular as more and more daily tasks move from desktop computers to smartphones. IQ Option has its own proprietary mobile app, which works in similar way to the desktop site. The app is available in both Android and iOS versions.

Mobile App

Mobile App

The iOS version has been redeveloped to adhere to Apple’s rule changes regarding binary option trading. Forex, CFD, and cryptocurrency trading options are all available on the mobile app, just as they are on the desktop site! The desktop site also has an application version for Windows. Whatever device and application version you choose to use, IQ Option offers an intuitive and user-friendly platform for mobile trading and standard PC trading!

You can trade, check account status, use charting tools, set alerts and notifications, get notified about market developments and more with the trading app.

Download APP

Accounts

IQ Option offers two types of accounts: Standard and VIP. Registration takes a few minutes, after which you will be verified and be able to use the free demo account. You will need to make a deposit to be able to use the real account. The process of making a deposit is simple, and the minimum deposit is only $10 – lower than that of many other platforms! You can open a real or demo account.

The minimum trade that you can make is $1.

If you are having trouble with registration, or any other issue, you can contact customer support via the following contact methods:

Email: [email protected]
Group Details: Registration No. HE327751
Address: Yiannis Nicolaides Business Center,Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus

Account Types

  • Standard Account – Unlike many other CFD brokers, only a $10 minimum deposit is required and there are no restrictions on trading functionality. You get access to over 350 assets and 1 business day withdrawal processing. You will also get access to tournaments held on the trading platform.
  • VIP Account – Clients that deposit $1,900 or more within a 2-day period are eligible for a VIP account. With a VIP account you get the benefit of 3% in additional returns, personal account manager and monthly reports. These accounts are only available for customers outside the EEA.

Demo Account

The IQ Option demo account (virtual account) requires no deposit, which is a useful feature. There are no time restrictions on the use of the demo account. You can refill your balance to $10000 (not real money, of course!) as many times as you like. You can use a demo account alongside a “real account” – enabling you to test various methods and strategies without risking financial loss! If you want to trade with real money, you can switch over to the real account (standard or VIP) and use your skills in the real financial world.

The demo account is one of the main draws for new traders. It is one of the reasons that IQ Option is becoming incredibly popular with beginner traders, who stay with the platform after they gain experience, due to its flexibility and wide range of features!

Deposits

There are various methods of depositing money into IQ Option, based on which country you are from. Bank transfers are popular, you can deposit with your credit or debit card, from e-wallets, or from cryptocurrency wallets.

The platform also comes with its own system called AstroPay. It is designed to allow payments from countries with fewer options of transferring funds. IQ is dedicated to building and retaining its Asian market. It accepts bank transfers from a variety of banks in Thailand, the Philippines, Indonesia, Vietnam, and Malaysia. Similar systems are in place for South Africa (through Perfect Money, which also deals with Argentina, Colombia, and Brazil), China (through China Union Pay, which also deals with Taiwan, Hong Kong, and Macao).

Deposits are easy and accurate, and the customer support team can help with any issues should they arise.

How to Withdraw Money From Your Account

Steps to withdraw money from IQ Option

  1. Go to IQoption.com
  2. Sign in to your account
  3. Click on the user in the upper right-hand corner
  4. Click “Withdraw Funds”
  5. Select your preferred payment system
  6. Follow the instructions on screen

Payout Options

  • Credit Card/Debit Card Withdrawal
  • Wire Transfer Withdrawal
  • E-Wallets Withdrawal

The same methods that you can use to deposit money can be used to make withdrawals when you take profit. You will need to go through verification. The basic trading account requires an initial minimum deposit of $10. The user can use more or less the same features as the VIP account. The difference between the basic and VIP accounts is that the VIP account entitles the user to higher payouts, extra educational materials, and entry to bigger trading competitions (some of these allow you to win prizes worth up to $100,000!). The VIP account, has a higher minimum deposit of $3000.

What kind of ROIs can you expect with the payouts?

Standard payouts with IQ offer competitive rates, with traders able to earn up to 91% payout in some cases. This is one of the best available in the finance industry! Spreads on Forex and CFD trades are competitive, with the fees of trading lower than many online brokers and comparable to those of larger established brokers.

As with all online trades, payouts will vary depending on the specific asset and expiry date. For example, the success and profit of Forex and CFD trades are dependent on the asset itself. The platform offers a suite of risk warning and management tools, such as stop loss features and user-defined leverage.

Which Countries Does IQ Option Offer Trading In?

IQ Option Europe Ltd offers trading to a huge variety of countries and operates in many languages.

At time of writing, it is unable to operate in the USA, Canada, or Australia due to their local laws and regulations, so traders from these countries will not be able to open a trading account at present.

Other countries that IQ Option does not trade in at all are Belgium, Iran, Israel, Japan, Latvia, North Korea, Pakistan, Palestine, Russia, Sudan, Syria, and Turkey.

Many large trading bases and hubs do use and offer IQ’s services – the United Kingdom (UK) is one of the largest, along with Germany and Sweden. Use across Asia is also rising. Regions such as Singapore, Malaysia, India (binary options trading has become legalized), and the Philippines all getting involved. This is adding a huge user base to the platform. Africa is a similar story, with Nigeria and Ghana benefiting from IQ’s services due to those countries’ more liberal regulations. IQ Option was also ranked #1 in our best options trading platform Singapore analyisis. Some countries are able to open and use accounts, but are limited with regards to mobile app access. Users from China, Cuba, Liechtenstein, Malta, Myanmar, and Turkey are unable to trade via the iOS mobile app, and users from Cuba, Liechtenstein, Malta, Myanmar, and Turkey are unable to trade via the Android mobile app. Other countries in Europe, are able to trade using IQ Option but due to local laws and regulations are prohibited from trading in binary or digital options.

Tournaments

The IQ Option trading community hosts various trading tournaments. The trading tournaments are hosted on the trading platform. Each tournament comes with its own unique terms and conditions, and features a leaderboard that ranks traders based on the success of their trades.

The tournaments were developed by the platform to encourage and incentivize trading and generate publicity and excitement. The results are decided based on the amount of total profit in a certain time period. Some tournaments are taking place over the short term and some over the long term. Different tournaments are centered around different assets – for example one may be focused on Forex, and other on stocks. In addition to the profit made, the tournaments award the winners with valuable prizes, from cash rewards to experiences such as Aston Martin race days!

Should You Use IQ Option?

Financial products carry a degree of risk. Traders should never invest funds that they cannot afford to lose! Whether or not you decide to take part in online trading is a personal decision and based on many different factors. Assuming that you have decided to start online trading using the IQ Option platform, we will explore some of the reasons why IQ Option may be the a great choice for you. Two of this platform’s exciting, useful, and prominent features are the demo account and the range of tournaments. Visit their official website for more information.

Is IQ Option Legit?

Yes, IQ Option trading platform is serving traders from 213 countries and has over 40 Million users. They process over 1 Million Transactions per day.

IQ Option is a trustworthy and reputable broker known for their great trading platform. We can recommend IQ Option to traders, from beginner to advanced.

Is IQ Option a Scam?

This broker has almost 50 million registered traders worldwide from 213 countries and the number of active traders is growing every year. They process over 1 Million transactions per day.

IQ option is a legit online broker. Their trading platform is intuitive and one of the best in the industry and we can recommend IQ option to all traders, from beginner to advanced.

Our Rating: 4.9/5

  • Trusted Broker
  • Regulated by top-tier financial authorities
  • Great user interface
  • Great for binary options
  • Feature rich platform

IQ Option is overall a very useful and feature-rich trading platform. Ease of use, variety of assets, low minimum trade and minimum deposit and demo account features being particularly notable. In terms of support, IQ Option is second to none. No one-fits-all trading platform is going to be right for everyone – you should always do your own research. Always take care to use risk warning and stop loss tools to avoid making heavy financial losses. We hope that this IQ option analysis has been useful and helpful to you in deciding which trading platform to use, and we wish you the best of luck and prosperity in your investments!

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Neteller Launches Cryptocurrency Exchange Service

Neteller Launches Cryptocurrency Exchange Service

Neteller  one of the most known Digital fiat currency wallet provider , has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC.

They do this on the large scale with a pilot in 10 countries and soon another 50 countries to join . They understand that if you do this effort it will only succeed if you can do this on a global scale.

Neteller and Cryptocurrencies

Neteller is a service which is operated by Paysafe Financial Services Ltd.,

paysafe

paysafe

founded in 1999, Paysafe Financial Services entered the market with the mission to provide an online alternative to the known traditional payment methods.

Most of the traders aiming us now neteller as one of the companies through which we made our deposits and if we had any profits also our withdrawals. A couple of years ago they left the Forex and Binary industry behind since the charge-back issue became just too expensive.

But as any companies knows, if you do not adept you die. The binary option market is all but dead and the Forex industry has moved also into the directions of the cryptocurrencies. thus, neteller understands that this is where the future is.

So Lasts week they announced that they are now offering a wallet with buy and sell cryptocurrency options.

As of today, Neteller users can buy, hold and sell cryptocurrencies via a recognized cryptocurrency exchange including bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.

It may not seem so exciting but for many users that love this service it actually is. More and more currencies will be added making them an true exchange in the near future.

Now one is able to fund their neteller account through many different means (Mobile, Epay, Paysafecard, local bank deposits, and bitcoin)

We think that will make the threshold for many people, who would want to buy or sell cryptocurrencies, lower. This in return is a good thing for the overall acceptance of the cryptocurrencies in the mainstream of every day life.

Conditions for buying and selling cryptocurrencies through Neteller

The rates offered are somewhat in the lower middle of the current market making them go for the save route. The average market rates on the major cryptocurrency exchanges differ all in all not that much anyways, as this is not the main reason to choose to buy Bitcoin through Neteller

The minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account.

When You open an account with Neteller you have to choose your default currency. This is of course for most people in accordance on their geographical locations, people in Britain will go for the pound most Europeans go for the euro and pretty much the rest of the work goes for the US Dollar, thou other currencies are available

The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency.

The fee rises to 3 percent for wallets with other default currencies.

Neteller  | Why is this a good move for neteller and one that we should expect from other online Payment providers as well ?

At this moment till last week Neteller users can pay, get paid on thousands of sites, and send money around the world through their system.

The company claims to have “millions of point-of-sale, ATM and online locations” for users to withdraw or spend their cash.

Last July 25, Paysafe ( which as you remember is the company that owns Neteller and Skrill)  announced that another digital wallet provider in its group, Skrill ( formerly known as moneybookers), started allowing customers to “instantly buy and sell cryptocurrencies, including bitcoin, bitcoin cash, ether and litecoin, using any one of the 40+ fiat currencies available in the Skrill wallet.”

We could now see that this was like their test run on this concept.

We do not know the numbers that Skrill produced since they offered this service but it must have been encouraging enough for Paysafe to include their flagship brand in this endevour.

We will see where this leads but we are hopeful that this is the next step in global acceptance to the cryptocurrency revolution. Let me know what you think

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The basics of trading that one should know

The basics of trading that one should know

Things you should be aware of before you start

The currency trading industry and now also the cryptocurrency trading industry have gone through enormous volatile times the last couple of years. Now with trump and its trade wars. The fast rise and somewhat recline of the cryptocurrencies and the fast pace of international politics and economies that create high rises and steep fall of the currencies.

So what does it all mean and what can you do before start to trade on these news headlines.

Good brokers like LegacyFX and UBCFX provide the traders with the latest market news and updates on a continuous basis but if you are new to trading you still have no idea what to do with this.

You start by understanding that the involves a high degree of risk, including the risk of losing you hard earned money. Besides the ones that were lucky enough to have bought Bitcoin a couple of years back and cashed in in the end of 2017, most people don’t get rich overnight.

You have to understand that you only trade with money that you are able to lose, going hungry because you want to open a trade is not the right wy to go about it.

So, What is Forex?

You should by now understand that the value of currencies goes up and down every day.

This in general becomes apparent the moment you go on vacation and what you bought last year with your money now is not the same amount you get today at the exchange.

This is on a large scale, what a lot of people do not know is that there is a foreign exchange market – or ‘Forex’ for short – or “FX” for even shorter, where you can potentially make a profit from the movement of these currencies.

The most known Trader is George Soros who made a billion dollars in a day by trading currencies. This is of course on a scale that we are not able to reach and you need a huge amount of money to begin with. Still he made a billion in one day!!

The internet has played a huge part in making trading in currencies accessible for the masses. You also do not need huge amounts of money to actually do this. Now keep in mind that if you make 10% profit on your investment but the investment was just $50 you basically just end up with $55. still no bank will give you 10% interest on your money.

Many people and I am talking millions are now trading every day, most do this on the side and don’t do this as a full-time job, but there are today enough people that are full time traders and making enough money to live comfortably.

Retail forex market needed Brokers

The Forex market for the retail market was born, it started around 15 years ago to become more serious as technologies advanced and the stream of information became almost instant, this is important for trading as one second can make the difference between profit or loss.

So, the moment the technology was there the people that wanted to trade were there all that was needed were the Forex brokers that offered the platform for trading.

There are latterly hundreds of companies of not thousands that offer this service and there are good ones like LegacyFX and there are scams (these tend to not last long)

Forex explained in short

The Forex market is the largest financial market on the planet and has been for many years now.

Its average daily trading volume is more than $4 trillion. (just let that number sink in for a second). Of this total amount around 5% is the retail market meaning traders like you and me. Still 5% of 4 Trillion is still a number with a lot of zeros behind it.

If you compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. You truly see the size.

To give you another example:

if you were to put ALL of the world’s equity and futures markets together, their combined trading volume would still only equal a 25% of the daily Forex market. Insane right?

Why does this even matter?

It matters because there are so many buyers and sellers that transaction prices are kept low. To explain how trading the Forex market is different than trading stocks, here are a few major benefits.

  1. Most Brokers don’t charge commissions – you pay only the bid/ask spreads.
  2. There’s 24hour trading – you decide when to trade and how to trade.
  3. You can focus on your currencies and become experts in only those pairs that you follow instead of following and selecting out of 5000 stocks
  4. You can trade on leverage, (something to be very aware of as it can magnify potential gains but also your losses).
  5. Forex is accessible for almost everyone– you don’t need a lot of money to get started
  6. In the Forex market you can trade on Demo accounts to learn before you commit your money

How is Forex traded?

The mechanics of a trade are virtually identical to those in other markets. The only difference is that you’re buying one currency and selling another at the same time.

This is also the reason as to why the currencies are quoted in pairs, like EUR/USD or USD/GBP.

The exchange rate represents the purchase price between the two currencies.

Example:

The EUR/GBP rate represents the number of GBP one EUR can buy (relevant now with all the Brexit issues going on) . If you think the Euro will increase in value against the British Pound, you buy Euros with British Pounds. If the exchange rate rises, you sell the Euros back, and you cash in your profit.

Now the same works for strading Bitcoin, ethereum, Litecoin or other cryptocurrencies. this has become an entire new market and has introduced many people to Forex . you should here be also aware that trading cryptocurrencies is like regular trading so you will be able to lose great sums of money.

the Best thing i found about trading cryptocurrencies is that the Leverage by default tends to be very low which makes the risk of losing it all much smaller.

Sounds simply enough?

Why does not everyone Trade.

The same could be asked as to why not everyone plays poker, you can make money. The comparison between the 2 is actually closer than you might think.

All traders that are successful will tell you that 80% of successful trading is psychology and the other 20% is research. It takes time to get the research down, but it can take a lifetime to master the psychology.

People tend to do things differently when real money is on the line and are accepting losses in the hope that the trend will reverse or taking out profit too early because they don’t want to lose what they just have gained. In short, the psychology is the hard part.

One should be aware that you can loose real money and a lot of it very fast if you don’t know what you are doing.

Now most Good Forex brokers offer some educational tools, some more than others that will teach you how to trade. There is also something that is called social trading that will allow you to follow other traders and see what they are doing in order for you to learn and make money at the same time.

So here are some ground rules for those that look to start trading

  1. Get involved in the market, watch read and listen to the news to understand what is happening
  2. Go through a trading course ( a good one is here)
  3. Open a demo account and trade at least a month (my advice to do this even longer)only on this before you even think about trading with real money.
  4. Check out social trading, there are some options for this, this broker offers this also.
  5. Try with an amount that you are able to afford losing. See this as your tuition money.
  6. Take it slow, don’t become greedy and follow the basic rules

Basic Rules (there are many more but start with these)

  1. The trend is your friend
  2. Don’t add money to a losing position
  3. Don’t trade on too many different currency pairs
  4. Trade only with a good broker
  5. Don’t open to many positions (no one needs 100 positions a day)
  6. Develop your strategy and stick to it.
  7. Know that NO ONE is 100% of the times right, everyone loses some.
  8. Last but not least, don’t trade with money you cannot afford to lose.

Now all that I want to say is good luck.  😊

 

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Wanted Cryptography Experts in China

 Wanted Cryptography Experts in China

The sooner we get to the official launch of China Digital Money. the more Cryptography Experts are needed.

it almost is surreal as they pushed against this from the beginning but now S China digital money may soon be a reality.

The Bank of China (PBOC) is hiring cryptography experts by the masses as reported by the South China Morning Post (SCMP)

this is the latest in the Chinese efforts to have a state controlled cryptocurrency for its own means.

The institution is one which worries a lot about the effect of investor activity in the cryptocurrency market. this in great contrasted to the directive issues in 2014 by the PBOC  that Bans any activity related to the cryptocurrency market.

Yet the Central bank of china started to build their own work force for building and developing their crypto in 2017.

something like if you can beat them , copy them.

in 2017 the Yicai Global reported that this targeted workforce would work from central Beijing as was to be names the  digital currency research institute

This research institute would primarily focus on the latest in digital currency technologies and all the different applications that would benefit from cryptocurrencies.

the former deputy director of the PBOC’s science department, Mr Yao Qiann would be in charge of the overall project

since then they are expending with opening a new research institute expanded in Nanjing . the idea for this center is to create more interest n the technologies and its possible applications.

the pilot programs are to be implemented by state controlled banks and academic institutions which should result in blockchain hubs that would attract new developing talent and additional capital to further develop the cryptocurrencies.

“Beijing’s ideal digital currency must ensure the smooth running of monetary and financial stability policies and at the same time protect consumers.”

Apparently, the ultimate goal for the Digital Currency Research Institute (DCRI) was to clear the path for a national cryptocurrency. Reports indicate that the fintech hubs will serve a purpose higher than initially believed. Reportedly, the hubs will serve as testing ground for China digital money. Here, the currency will undergo tests from prototype phase to future mass production.

and thus we get to the point that they are looking aggressively for new talent in the cryptographers and computer scientists sectors. now that more and more student have said good bey to the united states in the last couple of months after feeling they were less welcome this drive for finding new employment has only intensified and is answered by the large amount of brilliant young people coming back to live in chine after their education abroad.

The salaries are even higher then what they would have earned if they would stayed in the US and gone of to work in some of the companies in the Silicon Valley.

So we could expect that China is now also looking to become a world player in this industry as they have become the leaders in so many other fields.

 

 

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