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Which currency pair is most profitable in forex 2020?  – About Manchester

The foreign exchange market is one of the busiest systems working daily while generating the most substantial amount of revenue in the business world. The foreign exchange market, dubbed as the Forex market, is mostly involved in trade between pairs of currencies of different countries. The forex has risen steadily over the years into a…

The foreign exchange market is one of the busiest systems working daily while generating the most substantial amount of revenue in the business world. The foreign exchange market, dubbed as the Forex market, is mostly involved in trade between pairs of currencies of different countries. The forex has risen steadily over the years into a system that facilitates the exchange currencies globally. The foreign exchange market is a global financial market, which reflects the economic dynamics of the business world.
The choice of which currency pairs to trade is not easy since market has a sheer number of currency pairs. As such this, will leave you overwhelmed, not knowing which currencies to trade. So, to help with this, here is an article on currency pairs with the best returns in the 2020 forex. Also, this article will explain the major Forex currencies and whether they are profitable or not.

What is involved in trading currencies?

Forex trading or – currency trading involves the act of either buying or selling a currency. To engage in this trade, then you’ll need to have all the relevant information on the kind on the currency pair you are trading. In simple words, this information is how much a currency is worth in relation to the currency being purchased. This information is necessary as it defines not only currency pairs but also the type of relationship currencies share.
Currency pairs are quoted as having two currency abbreviations. Say you had a currency pair abbreviated as “EURUSD.” The EUR, in this case, is the base currency, and the US dollar would serve as the counter currency. Currency pairs are often followed exchange rates that show how much the base currency trades for. An example of this is EURUSD 1.20 meaning that a Euro trades for $1.20

What are the 7 major currency pairs?

The United States of America has the strongest dominant currency worldwide since it’s a reserve currency. Also, its domination is brought about by the sheer size of America’s economy. As a result, these factors make the US dollar a preferred currency used to pair along with other currencies. Examples of major currencies include:

• The Euro and the US Dollar (EUR/USD)
• The British Pound and the US Dollar (GBP/USD)
• The US Dollar and Swiss Franc (USD/CHF)
• The US Dollar and the Canadian Dollar (USD/CAD)
• The US dollar and the Japanese Yen (USD/JPY)
• The Australian Dollar and the US Dollar (AUD/USD)
• The New Zealand Dollar and the US Dollar (NZD/USD)

The above currency pairs are not the best currencies to trade. Instead, they are regarded as the ones with superior liquidity and profit margin to trade. Further, the values of the above currencies tend to fluctuate due to reasons like trading volumes between the respective countries.
Aside from trade volume, the above currencies are also associated with countries with financial dominance. As a result, this makes the above pairs the most volatile currencies that exhibit the highest fluctuations. So, does this mean they are the best to trade? Not necessarily, since currency fluctuations can either return a loss or a profit.

Which currency pair is most profitable in Forex?

There are more than 200 currencies worldwide that you can trade. Out of these, there are only a handful of full currencies that can return the highest profits. These include

The EUR/USD

Dubbed as the safe haven of currency exchange is the EUR/USD currency pair. This pair has the highest liquidity and can be easily predicted. This currency pair is sensitive to fundamental factors like the monetary policies of the Us, and the EU central banks. The value of this pair can also be predicted based on
• The economy of both the US and the EU
• Liquid derivatives between the EUR and USD

The USD/JPY

Next in the list is the (USD/JPY). The pair acts as the top currency quote in the Asian world. As such, this makes it a worthy competitor to the previous pair. The USD/JPY ranks second in the liquidity of the foreign exchange market as it accounts for 17% of transactions in the currency market.
Pros of trading the USD/JPY.
• Has high liquidity almost like the (EUR/USD)
• Easy to predict price dynamics by using technical analysis
• The USD/JPY ranks second as volatile currency pair in the market, hence offering a lot of fluctuations.

The GBP/USD

After the USD/JPY quotes are the GBP/USD, the USD/JPY currency pair accounts for about 12% of the world’s traded currencies. The GBP/USD is characterised by unstable prices that are also volatile. As such, this makes it a famous pair for aggressive and strategic traders focused on quick profits. Note that this currency pair is mostly affected by the British economy. Also, it is dependent on the actions of the US federal reserve and the bank of England.

The (AUD USD) and the (USD CAD )

Last in the list is the AUD/USD and the USD/CAD currency pairs. These currencies are correlated with the prices of gold and oil, the dominant producers of oil, and gold.

What are Cross Currency pairs?

Cross-currency pairs are currencies that trade without the US dollar. This includes a long list of currencies like the AUD/NZD and the EUR/AUD. These currencies are susceptible to various factors. Hence it would be wise to back off if you don’t have complex technical analysis.

The Bottom Line

As seen above, the dynamics of the Forex is an exciting subject to study, that has high interest rates that will increase your financial fortunes. As globalisation continues to grow, the fate of these currency pairs are intimately connected. So, be sure to make a proper survey of the Forex before investing a penny in the market.
The Forex exchange is as risky as gambling. As such, one should start virtually on a demo account; this should give you hands-on experience and allow you to identify the best pair that works for you. To do this, open a dummy account and trade on live markets when you are ready. Lastly, once you understand the Forex you could also check out the best time of day to buy cryptocurrency.

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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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