The Hard Truths of Forex Trading – You Fail Forex Trading If You Don’t Have Them

Most people think that Forex trading is easy and allows you to make money fast in a short period of time. This is one of the reasons why only 5% of traders are successful and most of the 95% fail in the Forex market. Also, many people lack the thinking needed to successfully trade Forex. Here are 4 factors that most people lack:

1. Discipline is a very important factor. This will determine whether you will be able to maintain a successful Forex trade in the long run. As a disciplined trader, you should follow the rules of the Forex trading system and not break them. But on the other hand, you do not respond to signals that appear in the trading system blindly, you also need to understand the situation in the Forex market. For example, you don’t want to go long on GBP / USD if there are weak economic concerns about the UK market.

2. Psychology of trade – Failure to control the greed factor can lead to a decline in your trading career. Always be happy with the target profit you have planned and forget about the losses you have suffered as a result of unsuccessful Forex trading, there will always be more trading opportunities. Another bad habit of trading psychology is the fear of losing a trade, which means people can cut losses sooner or later. Leave it all to the profit target and stop loss that you have set, which means you are consistent in everything you trade.

3. Money Management – Forex trading is also about how well you manage your money. Do not trade all your capital, but only the amount you can afford to lose. Plan how much you are willing to risk for the deal. I would recommend trading 1% to 5% of your trading capital per trade. This ensures that you will have enough money to trade Forex if you lose them.

4. Consistency – If you can be consistent in the above 3 factors, then you should make a profit in Forex Trading, and consistently. A forex trader can make a huge amount of profit in a short period of time, but if he / she lacks consistency, I can guarantee that the trader will not become a successful trader in the long run.

I understand that as a novice trader, you may find it difficult to follow the above 4 points. I also went through it. That is why Forex is not as easy as you might think. But by learning to follow these rules and following my Forex trading guide, which teaches systemic Forex trading, I can be sure that through hard work and determination you can also become one of the successful traders.

7 benefits of cryptocurrency

Cryptocurrency is a digital alternative to using credit cards or cash for everyday payments in a variety of situations. It continues to grow as a workable alternative to traditional payment methods, but still needs to become more stable before it is fully welcomed by ordinary people. Let’s look at a few of the many benefits of using cryptocurrency:

Fraud – Any problems with fraud are minimized because cryptocurrency is digital, which can prevent reverse or counterfeit payments. This type of action can be a problem with other traditional payment options, such as credit cards, due to refunds.

Theft of personal data – no need to provide personal information that could lead to theft of personal data when using cryptocurrency. If you use a credit card, the store is given a lot of information related to your credit line, even for a very small transaction. In addition, credit card payment is based on a withdrawal transaction when a certain amount is requested from the account. When paying in cryptocurrency, the transaction is based on a push, which gives the account holder the opportunity to send only the exact amount without additional information.

Universal use – cryptocurrency payments can be easily made under certain conditions. A digital contract can be created to make payment completed in the future, refer to external facts or obtain third party approval. Even with a special contract, this type of payment is still very fast and efficient.

Easy access – the use of cryptocurrency is widely available to anyone who has access to the Internet. It is becoming very popular in some parts of the world, such as Kenya, where almost 1/3 of the population uses a digital wallet through a local microfinance service.

Low fees – you can complete a cryptocurrency transaction without having to pay additional fees or charges. However, if a digital wallet or third-party service is used to store the cryptocurrency, there will probably be a small fee.

International trade – this type of payment is not subject to the introduction of fees, transaction fees, interest rates or exchange rates in some countries, which makes it relatively easy to make cross-border transfers.

Adaptability – With nearly 1,200 unique types of cryptocurrencies on the global market, there are many opportunities to use a payment method that meets your specific needs. Although there are many options for using coins for everyday use, there are also those that are designed for a specific use or in a specific industry.

A golden opportunity for silver

My father is my hero. His mother died when he was 3 years old … his father when he was 20. He was born in 1933 in a small village in India. At that time India was incredibly poor, people were dying of hunger every day. Somehow, he was trained in college. And then Dad got a job in Bombay, India’s largest city. However, he was broken up with his family to contain.

In 1974, he applied for a job in Dubai. Nobody has heard of Dubai.

“Don’t go!” his siblings told him when he got the job.

India’s prospects were dire. Dubai has just found oil. He knew that taking a risk in Dubai was the best bet. It was a calculated risk.

“I have nothing to lose,” he told his family when he started work.

When he arrived, Dubai was predominantly desert. He went to the sheikh’s palace to drink coffee and discuss matters.

Looking back, it was easy to go to Dubai. Dubai has grown spectacularly. Dad earned 100,000 times more money than if he had stayed in India. By the time he died in 2000, he had given me and my sister tuition in college. And he saved enough, so my mom never had to work or worry about money.

The result: my dad took a calculated risk when he took a risk in Dubai, and it paid off quickly.

I am my father’s son. Calculated risk is my philosophy of investing and trading. This is how I made money for clients while on Wall Street. And now I’m investing my own money like that.

Calculated risk in financial markets means you take advantage of opportunities when the odds are in your favor. So if you invest, you have a good chance of making money. You certainly never get a guarantee, but if I get a good chance, I bet.

Today I will show you an incredible opportunity in the precious metals market. This is a trade where the odds are in your favor as I will show you. And this is a trade in which I have invested my own money.

If you buy 1 ounce of gold today, it will cost you 80 ounces of silver. In other words, gold is 80 times more expensive than silver. This has happened only three times in the last 15 years. This is extreme. And usually when the ratio of gold to silver reaches extreme levels, two things happen.

First, you see, prices are rising. Period. In 2008, when the ratio reached 80, silver rose. In 2002, silver grew by almost 100%. In 1991, the metal received more than 40%.

Second, the price of silver is rising faster than the price of gold.

Silver is too little

What’s going on? Why is this going on?

Gold is a precious metal that is mostly in demand. Investment demand means that people own it because they believe the value of gold will rise.

Silver has two sources of demand: investment demand because it is a precious metal, and industrial demand. For example, it is used in solar energy, to create electronic circuits and as a catalyst in chemical reactions.

About 56% of silver use goes to industrial demand. As a result, prices are sensitive to industrial demand. Therefore, gold and silver do not trade with each other.

Another reason is that silver is rarely found on its own. As much as 66% of silver comes as a by-product of copper, lead and zinc. Silver supplies increase as companies increase production of these metals. So you have a situation where the supply of silver is too great compared to the demand. Because of this, silver prices are falling, even as gold prices are rising.

Delivery does not have time

So what’s happening now? Copper is at about a six-year low. Zinc at a nine-year low. Leads to a minimum of five years. Due to such a collapse in prices, mining companies have reduced production of these metals. Not surprisingly, silver production will also decline sharply. Capital Economics, a respected research company, expects production to decline by 9.2% in 2016 and 13% in 2017.

However, the demand for silver is great. Investment demand grew by 400% from less than 50 million ounces in 2006 to 200 million ounces in 2015. Investment demand will continue to grow due to negative interest rates and financial instability, which causes distrust of paper currencies.

Moreover, industrial demand for silver is expected to grow by 3% in 2016.

The sentence is reduced. Growing demand. The ratio of gold to silver above 80 is the level at which silver soars from the past. Once two three. The stars are aligned so that the metal takes off. How high? The price of silver can reach at least $ 30 an ounce, which is about 100% of its current price.

Good odds for big profits

This is the trade you should love. Chances are in your favor. Of course, there are no sure things to invest in, but I believe that silver is a reliable rate for growth from its current price.

You can play silver by buying physical ingots or coins.

Finally, you can buy silver mining companies that trade in the stock market, which I bet on. Unfortunately, there are no ETFs that focus on silver mining companies to recommend you. And it would be reckless to tell you to buy stocks without giving you all the facts and proper analysis.

Forex Strategy – EUR – GBP Scalping

Learn to use time and statistics in trading. Although you will never be able to predict when and how the foreign exchange market will move, it is always better to know how the currency pair you are trading has moved historically.

For example, according to statistics, most currency pairs start sudden and larger movements at certain hours of the trading day. At 6:00 Greenwich Mean Time, when the European market opens, there is an almost clockwise trend in the market. Trade in the Asian market is usually sleepy. And a trader can easily feel that European traders enter the market around 6:00 GMT when volatility starts to rise and trading volume starts to grow.

It is the European market that usually makes the initial movement and gives direction to certain currency pairs, especially those related to the European region. Some pairs are almost frozen in narrow ranges in Asian markets. A perfect example is the EUR-GBP pair. If you watch this pair for quite a long time, you will notice that from 22:00 GMT to 5:00 GMT the next day, EUR-GBP is almost always traded in a very narrow range. Now you may be wondering how you will be able to make money if the currency pair is barely moving at this particular time. Remember one of the golden advantages of the foreign exchange market: there is always the opportunity to make money on forex trading!

Even in a situation like a currency pair that operates for a couple of hours, there is an opportunity to make money. And to do that is pretty simple. Currency pair with ranges – the perfect playground for scalpers. 5-8 points for every small upward or downward movement in the market is all that a scalper puts before him.

Since you are there to scalp, you expect to appear and leave the market in just a short period of time. In fact, when scalping, the faster the better. Therefore, it is usually best to use a 5 million time interval when measuring your EUR-GBP entries. The secret is to use the right indicators to know when you will be buying or selling. The level of yield varies depending on how quickly the market can reach your profit target. But always remember that this is just a scalping strategy. Never be greedy for more points as you are just targeting 5-8 points per deal. If the market isn’t very cooperative, you’ll even have to come out with 1 or 2 items in your bag. It is better to be safe than sorry.

Depending on the trader’s risk appetite, some scalpers even add positions or use Martingale strategies as soon as they enter the EUR-GBP market. Since he really believes the market will return to the levels where he bought his initial entry, he could also take the opportunity to resell EUR-GBP and buy a few more lots before the price eventually flips and reaches all its target profits.

Of course, it goes without saying that scalping should have proper capital management. Know the limits of how much you can reveal in one particular scalping opportunity. And stay within those limits. Stoplossy is also very important in this strategy.

Opportunities are there every day in the forex market. Just know how to trade each type of trading environment. And stick to your trading plans and capital management principles.

Latest headline in Daily Mail – "What is the meaning of savings?"

As the headline of the Daily Mail shouted – “What’s the point of saving” – let’s take a closer look at what all the newspapers have been buzzing about lately and what can be done to create a fairer and healthier environment for savings. Keep in mind that I am not a qualified investment person, but I have experience making money on Forex Trading, and back in 2006 I saw a massive opportunity to use changes in gold bullion prices to make a lot of money.

If you look at the NS&I website, you’ll see that they advertise it as “Piece of Cake” and “Open Your Account for Just £ 1, Enjoy Easy Access to Your Savings,” but let’s look at some cool facts.

If you are a depositor who regularly saves, say, £ 100 a month in this scheme with an annual return of 1.5% for every £ 1,000 invested over 12 months, you will receive interest of £ 15. .

But if inflation eats up the cost of your money at around 2% a year, your £ 1,000 savings will actually lose around £ 20 of your solvency, so your “savings plan” actually lost £ 5.

Looking at this in more detail, we recently learned from The Telegraph that there are millions of savings in this scheme, so let’s assume there are at least 100,000 subscribers who also save £ 1,000 or more a year. I earn it around £ 100 million.

At the government level, this amount could be easily traded in the foreign exchange markets, and I understand that there are some such deals that can pay up to 100% every 90 days. (See above about my own Forex experience, which used just a few hundred pounds as money to bet on).

The problem with virtually any savings scheme based on any FIAT currency is that its value is not based on anything other than the promises of the government that issued it (e.g., the pound, the euro, etc.). , and thus is constantly depreciating due to constant inflation.

However, if you regularly exchanged part of your FIAT currency for gold bars, I believe this could paint a completely different picture. Take a look at some of the figures below that show what happened to gold bullion prices between 2000 and 2020.

Between the beginning and the end of 2006, gold rose in price from £ 9.78 per gram to £ 10.17 when I first started trading in the Forex market and made a FUCKING gold trade, as opposed to my disastrous investment. in real estate at the time, due to the fact that all BTL mortgages are becoming deregulated.

By the end of 2019, the price per gram of gold had reached £ 38.89.

At least with gold you can decide at what price you are selling it, if the price doesn’t suit you, don’t sell until it is. (Or sell only what you need to survive).

If instead of investing £ 100 a month in NI&S, you sign up for a FREE account in something like Karatbars and decide to exchange £ 100 of your inflation-ridden FIAT currency for 2.5 grams of gold bars at the end of the year. you will have about 30 grams of gold. Even if after 12 months the value was a little lower, you know that its historical trend will end up always being UP.

Now, if I dare to mention the words “Network Marketing” and you believe that all network marketing opportunities are a pyramid or a Ponzi scam, please don’t read any more. (If you’re still here) – I think you see the huge advantage of exchanging your “FIAT” currency for gold bars.

If you find that saving in gold bars turns out to be very beneficial to your wealth, and because it costs nothing to become a customer in this savings opportunity, then what’s wrong is to report it to your friends, family and business partners? After all, you do not “sell” them, but just share your luck.

As long as you yourself are involved in this savings scheme (invest your money in your mouth), why not help everyone you know do the same? And then why not use a little more of your FIAT currency to go from just a “customer” to an “independent affiliate” of one of the various companies offering this service,

As an independent affiliate company of Karatbars, if you engage your friends and family with this network marketing opportunity – if you don’t sell anything – just force your contact to do what you do, and exchange as much fiat currency as you can afford gold bullion – this is a win for all concerned.

Also, when making your choice, make sure the company you are applying to also has its own cryptocurrency backed by gold. Like many other people, when bitcoin was launched in 2009, even if it sold for a few dollars each, I burned my fingers investing in the property back in 2007 with suspicion and moved away from what was probably the biggest opportunity of my life .

These new-fangled coins last year sold for about $ 20,000 EACH, and they weren’t even gold. So, think about the possibility of launching a new, unique gold-plated crypto coin.

Use a managed Forex account to diversify your investments

You may have already read about Forex trading and how some people become quite rich by investing in managed Forex accounts or trading on their own.

The reality is that Forex is undoubtedly an exceptional investment that can make a profit that can only be heard in the stories of professional superstar traders from Wall Street.

Investing in managed Forex funds can allow you to make the profit you have always wanted to achieve through your mutual funds. In this article, we’ll talk about some pretty simple but impressive benefits of investing in managed Forex funds as a method of diversifying your portfolio.

Forex funds allow you to have a foreign currency account, which already gives you some diversification. By opening an investment account in foreign currency, you can get it in any currency maintained by the brokerage company you use.

This allows you to have a foreign currency account. This provides a level of diversification because you have a share of your capital in the currency of another country and so you can make the most of the power of other economies around the world, such as the economy of Australia or Switzerland.

The foreign exchange market is not affected by economic problems as much as the stock market: for those who held stocks, you will be able to fully understand that when economic news releases appear, your stocks fall in price many times over.

Alternatively, forex changes as a result of news releases, but it gives you the opportunity to make money if one foreign currency loses value.

Investing in foreign currencies will allow you to earn both up and down: an advantage not seen in many other trading markets. In most assets, such as stock trading or real estate investing, you can only make money if the prices of your stocks or real estate increase, otherwise if they fall in value, you start losing money. .

Managed Forex funds give you the opportunity to earn income both up and down, giving you the opportunity to hedge some of your trading positions while you can still make money from the economic downturn.

Investing in managed Forex funds allows you to insure against losses in other financial markets: when you invest in managed Forex accounts, you have the opportunity to stabilize your losses in other trading markets with the help of profits in your managed foreign currency account.

This is a great way to protect your overall portfolio and create a stream of great returns that will help you get the desired return on your investment portfolio.

Regardless of your investment qualifications, you can always use more returns from uncorrelated asset classes such as foreign exchange.

Keep in mind that when you invest in managed Forex accounts, your investments remain liquid and affordable, which is definitely a great reward for investing in foreign currency.

We hope we have been able to help you understand how to achieve profitable diversification using foreign exchange investment strategies.

Ways to invest for capital growth

6 ways to get capital gains

There are basically two types of investment income. Capital gains and return on investment.

Investment income is the income you receive from an asset, examples of investment income are interest on savings, rent on property and dividends on shares.

Capital gain is an increase in the value of an asset; an example of capital gains is an increase in the value of property, stocks and other assets.

Some investments provide capital gains but do not yield income; examples of these are precious metals such as gold, bitcoin, antiques and other collectibles.

Here are the investments that provide capital gains:

Stock market

The stock market offers great opportunities for capital. For most people, investing directly in the markets is not an option because the transaction fee after buying and selling shares is not worth their time, however there are many managed funds in which investors with limited funds can participate. New Zealand alone. Investors can dig money into markets with Sharesies, and have the opportunity to invest in different funds or individual companies. Other similar types of platforms in New Zealand are Investnow, Kernelwealth and Hatch. However, these are not the only ones.

Your pension scheme invests in managed (mutual funds) and they are also a form of capital gain. In New Zealand, joining Kiwisaver is not easy. Kiwisaver is a New Zealand pension scheme.


The real estate market has been a popular Captain Gains tool for many investors who use not only their own money but also other people’s money in the form of loans. The income comes from the rent that pays the mortgage. All the costs involved are the most popular form of capital gains and the easiest for a novice investor to get their degree in the markets and learn as you go, because there are several mutual funds that are available and start-up costs are minimal . In New Zealand Sharesies cost only $ 1 to enter, giving you the opportunity to invest in managed funds or individual companies. This is a great way to tax. This type of investment can turn into a custard, for example, wayward tenants. If you are willing to take a risk, then this investment may come up.

Your own home is a good source of capital gains if you are going to sell at some point.

Another way to get on the real estate ladder is to buy shares of real estate investment companies in the stock market. This can be done by investing in individual companies or managed funds that invest in real estate.

Compound interest

You’ve probably heard of compound interest; that is, if you invest in fixed-term accounts at x% interest. Instead of receiving interest payments to your bank account, you allow them to be added to your principal amount, and you receive interest on the principal amount and interest prepayments. This is called compound interest.

An increase in your capital is called a “capital gain”.

Currently, interest rates are very low (2020); in some cases below inflation, which makes this type of investment less attractive. It is therefore important to exercise due diligence and not succumb to the fact that a financial company offers higher interest rates than usual, because with higher interest rates the risk increases. These financial companies, which offer higher interest rates, issue loans to borrowers with higher risk.

I’m not saying you shouldn’t invest your money in these companies, but exercise due diligence and at least diversify your portfolio, rather than investing all your savings in one company.


This is purely speculative in nature, but can be a good insurance against recession in the markets. The only drawback of gold – to find a place to store it. Another way to invest in gold is to buy gold on the stock exchange. Purchasing gold coins from auctions such as eBay and Trademe is another option. As with other investments, you should do your homework and read everything you can about gold and other precious metals.


Cryptocurrency, such as Bitcoin and the like, should be considered a speculative investment, so invest in it only if you can afford to lose them. I say use your discretionary income to buy crypto currency. This type of investment can be slippery, but one piece of advice that can be helpful is not just to buy all your cryptocurrency in one transaction, but to do it weekly, bimonthly or monthly so that chances are you have done purchase when the currency is small. This is called averaging.

Collectibles / Antiques

Investing in collectibles can give you a sense of satisfaction and profit if you are going to sell. You really need to know your stuff when dealing with antiques. Always remember that something is only worth what others are willing to pay for. If someone is willing to pay $ 1,000 for a painting at auction, that’s what it’s worth, however, if another painting is sold at auction for only $ 10, it’s worth it. The cost of something is only a matter of opinion.

Recently (2020) some of Banksy’s paintings were sold in New Zealand for $ 100,000. In London (UK) a few years ago, a seller of paintings paid a total of $ 500 for them. It just shows how profitable a deal can be.

For small items such as postage stamps, banknotes, beer labels and so on, collectors can list their duplicates on auction websites to help fund their hobby.

Survival beyond FOMO – how to choose an ICO-winning project with a long-term cost

In a world driven by hype and FOMO [Fear Of Missing Out]It is becoming increasingly clear that a diligent crypto enthusiast must have a litmus test to choose a token to support in a world where it is difficult to find real viable projects, and good projects with long-term prospects are even harder to distinguish from seizures.

Due to recent developments, when most new cryptocurrencies are reaching record lows and new ICO projects are not keeping up with their hype after Crowdsale, now often frustrated “investors” blame ICO promoters on social media rather than blame. for failing to conduct a proper check to select the most likely winner after a crowdsale before purchasing a token during his ICO.

From my extensive observations, it turned out that most crypto buyers simply bought coins during the FOMO-based ICO (Fear of Missing), created by the masters of the hype behind these coins. Many just bought without understanding the purpose of the coin after the ICO or what the token was supposed to do after the Crowdsale. When nothing happened after the ICO, as is often the case for many ICOs, they jumped on social media to shout about the bloody murder.

Recently, my team and I just finished a tour of Africa and parts of the US to promote the Nollycoin ICO. We have organized and sponsored various conferences, held live AMA (Ask Me Anything) press meetings, and held numerous one-on-one meetings with crypto-whales, small investors, and crypto-millionaires of all colors.

With all of this, one thing that surprised me the most was that MOST token holders DIDN’T KNOW about the core business or project behind selling the tokens they were involved in.

Even more surprising to my observations was the amazing fact that many failed to tell you the value of the project, its goals or the company’s plan to thwart the market and capture some buyers in its industry. They just bought the ICO because a few pages in telegrams or Facebook that they visited kept telling them “Buy”. Go and buy more. ” Most simply acted on the basis of herd instinct rather than objective reasoning.

Now, if most of the people I met were just teenagers or uneducated people, I wouldn’t be so surprised by the level of ignorance of many crypto “investors” I met. On the contrary, many of those I met were college graduates and people with some affluence. However, less than 10% of them could easily articulate why they bought the coin, hoping that its value would increase over time. Wherever I went, few in the crowd could tell me the name, experience, and capabilities of the corporate managers of a company that sells coins.

The only thing most of them could point out was that the coins were recommended by “respected” influential people when the facts proved that most of them were paid with a shiver to create FOMO and respectability for otherwise useless shitcoins.

Apart from the so-called fictitious influential people, many crypto buyers only knew that the names of the team leaders were Russian, Chinese or Korean, although they knew absolutely nothing about them. As if all you need for a successful ICO is to list the names of people from Korea, China, or Russia that no one can verify with a simple Google search.

While I agree that of course you need to consider a lot of things that decide whether project tokens will increase in value over time, I think the acid test and the most immediate evaluation criterion should be the usefulness of the coins beyond what happens on cryptocurrencies.

Although most of the crypto token owners I’ve met didn’t even know about it, the reality is that if you bought a token at most ICOs, you didn’t “invest” in that company. You wouldn’t buy company stock, and you wouldn’t buy any securities from the company.

And at best, what you did when you bought tokens during most of the ICOs was a “donation” of the project in exchange for getting a useful token or coin that legally had no real value outside the company-controlled business ecosystem. issuers.

In short, other than your hope that the price of tokens will “month” or rise to make you a millionaire, you could do nothing with the token other than use the utility attached to it by ICO, if any.

Because no one could predict exactly how Crypto would work on the cryptocurrency exchange when it finally got there, recent experience has shown that prices for most tokens are likely to jump in the first few weeks after going public (with -for big sales by speculators), it would make sense to look at what other value or utility you could get from your token other than the expected “occupation” on the exchange.

As the cryptorevolution has continued to evolve, transform and adapt to different market developments, the only way to ensure that your money is not thrown away is to be sure that you can still use these tokens to get great value and benefits. even if you could immediately sell it with a profit on the stock exchange.

In accepting this definition, you need to ask yourself the following main question: What is the value, product, or service generated by the company that sells the token that will give me enough value for my money to make this purchase worth my time?

In a world of falling token prices on various exchanges, the more opportunities you have to actually use the token outside of the expected cryptocurrency listing, the more likely you are not to be disappointed and not be able to use the tokens useless to you.

So you have to ask over and over again: IF this coin had never been traded on an exchange, would I have been happy to have supported the vision? If this token has lost 70% of its exchange value, can I still use it and get an account for my money elsewhere?

If you have not been able to answer these questions in the affirmative after reviewing the DOCUMENT and filing the company’s claims, then you should think twice before buying this coin.

The last example

Take the current ICO, such as Nollycoin, which is a token that provides a blockchain-supported movie distribution ecosystem. Coin promoters have created various utility scenarios for coin buyers to ensure that no matter what happens to Nollycoin on the cryptocurrency exchange, their fans and token holders will smile.

Some of the great benefits attached to the Nollycoin token in the Nollytainment ecosystem include

• Ability to use Nollycoin tokens to watch exclusive movies in cinemas and cinemas

• Ability to use Nollycoin tokens to access 1,000 movies on their Netflix-on-steroids blockchain Movie Distribution.

• Ability to use Nollycoin tokens to purchase products and services at NollyMall, which is similar to Amazon’s entertainment platform.

• Ability to use Nollycoin tokens to pay school fees on the NOLLY Academy platform and in partner companies

As you can see, in addition to the usual expectation that tokens can be presented on the crypto exchange platform, you need to look beyond the ico hype for the immediate and long-term usefulness of the token and the viability of the underlying project behind it.

Games with virtual currency

The dream of every little boy (and many adult men) to earn a living by playing video games is approaching reality. The recent release of HunterCoin and VoidSpace, which are under development, games that reward players in digital currency rather than virtual princesses or gold stars, point to a future where scoreboard ratings can be rewarded in dollars, sterling, euros and yen.

The story of a millionaire (virtual) real estate agent …

Digital currencies are slowly gaining maturity both in terms of their functionality and financial infrastructure, which allows them to be used as a reliable alternative to non-virtual fiat currency. Although bitcoin, the first and most famous of the cryptocurrencies, was created in 2009, forms of virtual currencies have been used in video games for over 15 years. The 1997 Ultima Online was the first notable attempt to incorporate a large-scale virtual economy into the game. Players could collect gold coins by completing quests, fighting monsters and finding treasures, and spend them on armor, weapons or real estate. It was an early embodiment of virtual currency in that it existed exclusively in gaming, although it reflected the real world economy to the extent that Ultima’s currency experienced inflation as a result of gaming mechanics that guaranteed endless monsters to kill and thus gold coins to collect.

Released in 1999, EverQuest has taken another step towards playing virtual currency by allowing players to trade virtual goods with each other in the game, and although game designers have been banned from selling virtual items to each other on eBay. A real-world phenomenon that was fascinatingly explored in Neil Stevenson’s 2011 novel Reamde, Chinese gamers or “golden farmers” were used to play EverQuest and other similar full-time games in order to gain experience points to boost their characters. . thereby making them more powerful and in demand. These characters will then be sold on eBay to Western gamers who are unwilling or unable to spend hours raising the level of their characters. Based on EverQuest’s calculated exchange rate, Edward Kastranova, a professor of telecommunications at Indiana University and an expert on virtual currencies, estimated that in 2002 EverQuest was the 77th richest country in the world. between Russia and Bulgaria and its GDP per capita was higher than in the People’s Republic of China and India.

Launched in 2003 and reaching 1 million regular users by 2014, Second Life is perhaps the most complete example of a virtual economy to date when it is a virtual currency, the Linden Dollar, that can be used to buy or sell in-game goods and services . exchange for real world currencies through market exchanges. In the 10 years from 2002 to 2013, $ 3.2 billion in in-game transactions with virtual goods were registered, and Second Life became a market where players and businesses could develop, promote and sell the content they created. Real estate was a particularly lucrative commodity for trade. In 2006, Eileen Gref became the first millionaire of Second Life when she transformed an initial investment of $ 9.95 into more than $ 1 million in 2.5 years through buying, selling and trading virtual real estate to other players. Examples like Ailin are an exception to the rule, however only 233 registered users who earned more than $ 5,000 in 2009 on Second Life activities.

How to pay in dollars for asteroid mining …

To date, the ability to generate non-virtual money in video games was secondary: the player had to go through unauthorized channels to share their virtual booty or possess a degree of creativity or business acumen in the real world. which could be exchanged for cash. This may change with the advent of video games that are built from scratch around the “plumbing” of recognized digital currency platforms. The approach chosen by HunterCoin is “gamification,” which is usually a fairly technical and automated process of creating a digital currency. Unlike real currencies, which emerge when printed by the Central Bank, digital currencies are created by “mining” by users. The basic source code of a particular digital currency that allows it to function is called a blockchain, an online decentralized public ledger that records all transactions and currency exchanges between individuals. Because digital currency is nothing but intangible data, it is more prone to fraud than physical currency because it can duplicate a unit of currency, thereby causing inflation or a change in the value of a transaction after it has been made for personal gain. To prevent this from happening, the blockchain “spies” on volunteers or “miners” who verify the authenticity of each transaction, using special hardware and software to ensure that the data has not been falsified. This is an automated process for Miner software, although it is very time consuming, which involves a lot of computing power from their computer. To reward the miner for verifying the transaction, the blockchain releases a new unit of digital currency and rewards them with it as an incentive to maintain the network, thus creating a digital currency. Because it can take days to years for coins to be successfully mined, groups of users pool their resources into a “pool” for mining, using the combined computing power of their computers to retrieve coins faster.

The game HunterCoin is in such a blockchain for digital currency, which is also called HunterCoin. The act of the game replaces the automated process of extracting digital currency and for the first time makes it manual and without the need for expensive equipment. Using strategy, time and teamwork, players go to the map in search of coins and, finding them and safely returning to their base (other teams try to stop them and steal their coins), they can cash out their coins by depositing them in their digital Wallet is usually an application designed to make and receive digital payments. 10% of the value of any coins contributed by players goes to miners who support the HunterCoin blockchain, plus a small percentage of any coins lost when the player was killed and their coins fell out. Although game graphics are basic, and it takes time to accumulate significant rewards, HunterCoin is an experiment that can be seen as the first video game with a cash prize built as a main feature.

Although VoidSpace is still under development, it is a more sophisticated approach to gaming in the current economy. A multiplayer online role-playing game (MMORPG), VoidSpace unfolds in space, where players explore an ever-growing universe, extracting natural resources such as asteroids, and trading them for goods with other players to create their own galactic empire. Players will be rewarded for mining at DogeCoin, a more established form of digital currency that is now widely used for micro-payments on various social networking sites. DogeCoin will also be an in-game currency between players and in-game purchases. Like HunterCoin, DogeCoin is a legitimate and fully functioning digital currency, and like HunterCoin, it can be traded in both digital and real fiat currencies on exchanges such as Poloniex.

The future of video games?

Although in terms of quality, the release of HunterCoin and VoidSpace is still just an interesting sign of what may be the next evolution of games. MMORPGs are now seen as a way to simulate outbreaks of epidemics as a result of how a player’s reaction to an unintentional plague reflects recorded difficult-to-simulate aspects of human behavior in the real world. It can be assumed that ultimately the virtual economy in the game can be used as models to test economic theories and develop responses to mass failures based on observations of how players use digital currency with real value. It is also a good test of the functionality and potential application of digital currencies that promise to go beyond simple means of exchange and, for example, into exciting areas of personal digital ownership. At the same time, players now have the means to convert hours in front of the screen into digital currency and then into dollars, sterling, euros or yen.

But before you quit your daily job …

… it is worth mentioning the current exchange rates. It is estimated that a player can comfortably recoup their initial registration fee of 1,005 HunterCoin (HUC) for joining HunterCoin in 1 day of play. Currently, the HUC cannot be exchanged directly for the US dollar, it needs to be converted into a more established digital currency such as Bitcoin. At the time of writing, the HUC to Bitcoin (BC) exchange rate is 0.00001900, while the BC to USD exchange rate is $ 384.24. 1 HUC traded in BC and then in USD before taking into account the transaction fee will be equated to … 0.01 USD. This is not to say that when a player becomes more agile, he cannot develop his team of virtual CoinHunters and possibly use multiple bot programs that will automatically play the game under the guise of another player and also earn coins for them but I think that it is safe to say that at the moment even such efforts can actually lead to enough change for the daily McDonalds. If players aren’t willing to succumb to intrusive in-game advertising, share personal information, or join a game like CoinHunter that is built on the Bitcoin blockchain, it’s unlikely that rewards will ever be greater than micro-payments for the average player. And maybe that’s a good thing, because if you get paid for something, it stops being a game?

Forex Trading Robot – What Is It And How Does It Help In Trading?

A trading robot is a computer program that is entirely based on a series of signals related to foreign trade that will help determine whether to buy or sell that particular currency at that point in time. With these robots you can eliminate the psychological element that comes with trade.

These automated forex trading robots are available to serious traders who want to make money by trading online. They can also purchase them online. All of these vendors may make big claims to their software, but you need to be careful, consider all permutations and combinations, and then reset from scratch the one they consider reliable.

The trading robot helps to trade and manage your forex trading account on your behalf. It is designed to reflect currency behavior over a short period of time, such as two to four hours, so that you can earn on opportunities and record profits between major currency pairs while trading. day.

Using advanced algorithms in trading, forex robots are designed and created by highly experienced investment managers and are under the constant control of the team that developed it to ensure its performance is optimized. Almost anyone and everyone can benefit from a trading robot. Existing traders, former traders, brokerage firms, institutions … can take advantage of this feature, and in some cases brokerage firms can attract more clients by offering it as a value-added service.

Thus, with the help of a trading robot you can make the most of the market and see only profits, because the system is able to predict market behavior in the short term. This automated service makes trading easy and simple as well as convenient for all those who use it as it has proven to be a great revenue generating solution for many people. It doubles, triples, and quadruples contributions in a short amount of time. All you need to do is try to master the basics of the Forex trading market and then start real trading.