Forex is the solution to wealth creation in today’s economy

During this year, we have witnessed how seriously the global economy has been affected by challenges and failures. However, the sad economic landscape should not be a stumbling block in our efforts to create wealth and financial well-being. Instead, we might see this as an opportunity to break with old habits and look for new and creative ways to find new sources of income that could push us to new heights of success, even in these difficult times. One way to generate income and build wealth is Forex. Over the last few years, it has essentially moved from being in the realm of big investors to being accessible to ordinary people. The Forex market trades over $ 3 trillion every day. With such figures there is enough space for everyone. The question, of course, is why someone like you was curious.

5 Benefits of Forex Trading

Scale: The Forex market is a bustling 24-hour economic hub with seemingly endless activity. It is the most liquid market in the world, where more than $ 3 trillion passes from hand to hand every day. It doesn’t really matter what part of the world you are in now, because U.S. markets are open twenty-four hours a day from Sunday night to Friday night. This means you always have time to be a part of this market and taste the action. For example, if you work full time, you may see a significant return from trading after normal business hours.

Bidirectional opportunities: when trading currency pairs, a decline does not necessarily mean a loss. You can make a profit by buying or selling, depending on the situation. If you own stocks and things go badly for the industry or company you own – as was the case during the economic crisis – you lose money when prices fall. While stock shorting is an option, it is not the same as selling a currency pair. This means that engaging in currency trading does not mean that you need to find an asset at a “cheap” price so you can make money when it rises in value. You can just log in and decide whether to sell or buy.

Small start-up capital: One of the main benefits of Forex trading is that you don’t need big start-up capital to make everything work for you. In fact, you don’t need money at all to start practicing in real market conditions, as most brokers will allow you to trade on a demo account to hone your skills before you start using real money. Once you’re ready to get started, you can usually open a mini-account for a few hundred dollars to start trading. Of course, you need to be careful, because new traders can easily destroy their accounts. The fact is that there was no such opportunity, but it is there. Personally, I started with less than a thousand dollars in my account, and built it from there. You can start with a small amount of investment and slowly build up your wealth and power as you grow your own knowledge and skills of the Forex market.

Many Courses: There are many successful Forex traders who want to share their knowledge of ways to succeed as a Forex trader. You don’t really need to invest a lot of money to find valuable information about Forex Trading training. You can browse the internet to get a lot of free material that will give you a good idea of ​​what it entails. Brokers also often give you free lessons to encourage you to trade. You just need to invest some time to get the basics.

Information updates: we live in an information age. With an internet connection and a wide selection of news sources you can easily stay up to date with the fundamental and technical information that affects the Forex markets.

Given all of the above, Forex trading today has become another valuable way to create wealth.

5 best investments for beginners

The saying goes something like “the best time to start investing now”. For some beginners, this can be painstaking given the amount of information about the best investments with guaranteed returns. Other beginners will think that this is an easy way to make money quickly and plunge into the markets.

This publication is intended for amateur investors who are willing to make a strategic decision to protect their investments from the effects of volatile risk, but with enough freedom to take advantage of conservative opportunities that bring capital gains and explore the ropes of trade in the meantime.

In addition to a theoretical understanding of how financial markets work, it is important for a beginner to gain a realistic sense of the different strategies that investors use in their search for market opportunities.

The following is a detailed explanation of the five best approaches to investing that are suitable for beginners:

  1. ETFs

Exchange-traded funds (ETFs) offer less stringent opportunities to participate in an exchange. For a beginner, investing in an ETF is ideal because an ETF combines multiple assets, including specific stocks, commodities and bonds, as well as performance tracked by an index. ETFs allow you as an investor to trade multiple assets normally as if they were a single stock. Diversifying ETFs allows beginners to access a wide portfolio of stocks and bonds, providing convenience and reducing risk. Thus, the flexible nature of ETFs allows the investor to trade flexibly, with the choice of buying and selling at any time during normal trading hours.

  1. Mutual funds

Mutual funds are pooled investment funds that are ideal for beginners because of two main characteristics. First, a novice can access the services of a professional trader on behalf of the fund manager, despite the restrained capital, some of which is only $ 25. Second, the investor is exposed to minimal risk because mutual funds, like ETFs, invest in a diverse portfolio of asset classes from stocks, commodities and bonds in different markets and industries.

  1. Individual stock

After a detailed analysis of the past performance of individual stocks and the prevailing facts, individual stocks can offer a stable investment opportunity suitable for beginners. However, care should be taken that investing in specific stocks does not violate the risk tolerance of your portfolio in the event of a negative turn of events. Markets are not always predictable.

  1. Certificate of Deposit

Depositing money in a bank for a fixed period with a fixed and guaranteed return on capital plus interest is a smart investment opportunity for a beginner. The certificate of deposit is insured, and thus the capital plus interest is guaranteed to the investor at maturity. However, it is important to understand that access to this money is limited over a period of investment and may result in a commission or loss of interest in the event of withdrawal.

  1. Highly profitable savings account

This investment also entails savings with the sole purpose of obtaining capital gains from interest over a period of time. However, unlike a certificate of deposit, interest is not fixed and therefore interest is accrued according to current market rates. However, the funds in this account are more liquid, so easily available.

Has cryptocurrency become the investment of every Indian’s dream?

Rich rewards often entail great risks, and the same goes for the very volatile cryptocurrency market. Uncertainty in 2020 on a global scale has led to increased interest of the masses and major institutional investors in trading cryptocurrencies, a class of assets of modern times. Increasing digitization, a flexible regulatory framework and lifting the Supreme Court’s ban on banks dealing with crypto companies have parked the investments of more than 10 million Indians over the past year. Several major global cryptocurrency exchanges are actively studying the Indian crypto market, which has been showing steady growth in daily trading volume over the past year amid a sharp drop in prices as many investors looked to buy value. As the cryptocurrency frenzy continues, the country has many new cryptocurrency exchanges that allow you to buy, sell and trade, offering functionality through user-friendly programs. WazirX, India’s largest cryptocurrency trading platform, doubled the number of users from one million to two million from January to March 2021.

What is pushing the world’s largest cryptocurrencies to the Indian market?

In 2019, Binance acquired the Indian trading platform WazirX, the world’s largest cryptocurrency exchange by trading volume. Another crypto startup, Coin DCX, has received investments from BitMEX in Seychelles and giant Coinbase from San Francisco. By June 15, 2021, crypto and blockchain startups in India had attracted $ 99.7 million in investment, or about $ 95.4 million in 2020. Over the past five years, global investment in the Indian crypto market has grown by a whopping 1487%.

Despite India’s vague policies, global investors are betting heavily on the country’s digital coin ecosystem due to many factors such as

• Technologically savvy Indian population

The vast majority of 1.39 billion people are young (average age 28 to 29) and technology-savvy. While the older generation still prefers to invest in gold, real estate, patents or stocks, newer ones prefer high-risk cryptocurrency exchanges because they are more adapted to them. India ranks 11th on the list of the Chainalysis report for 2020 on the global use of the crypt, which shows the admiration of the crypt among the Indian population. Also, the government’s hostility to the crypt or rumors circulating around the crypt are also unable to shake young people’s confidence in the digital coin market.

India offers the cheapest internet in the world, where one gigabyte of mobile data costs about $ 0.26 and the global average – $ 8.53. As a result, nearly half a billion users enjoy affordable internet access, increasing India’s potential to become one of the world’s largest cryptocurrencies. According to SimilarWeb, the country is the second largest source of web traffic for Paxful’s peer-to-peer bitcoin trading platform. While the mainstream economy is still struggling with the “pandemic effect,” cryptocurrency is gaining momentum in the country as it gives the younger generation a new and faster way to make money.

It is safe to say that cryptocurrency can become an Indian millennial than gold for their parents!

• Growth of fintech startups

The fascination with cryptocurrencies has led to the emergence of several trading platforms such as WazirX, CoinSwitch, CoinDCX, ZebPay, Unocoin and many others. These cryptocurrency exchange platforms are highly secure, available on a variety of platforms and allow instant transactions, providing a user-friendly interface for cryptocurrency enthusiasts to buy, sell or trade digital assets limitlessly. Many of these platforms charge INR for purchases and trading fees of 0.1%, so simple, fast and secure platforms represent a lucrative opportunity for both first-time investors and local traders.

WazirX is one of the leading cryptocurrency exchange platforms with more than 900,000 users, providing customers with peer-to-peer transactions. CoinSwitch Kuber provides the best cryptocurrency exchange platform for Indians and is ideal for both beginners and everyday people. Unocoin is one of the oldest cryptocurrency exchange platforms in India, accounting for over a million traders through mobile apps. CoinDCX provides users with over 100 cryptocurrencies as an exchange option and even provides investors with insurance to cover security breaches. Thus, global investors are considering many cryptocurrency exchange platforms in India to take advantage of the emerging market.

• Mixed government response

A bill banning virtual currency, which criminalizes all those involved in the possession, issuance, extraction, trade and transfer of crypto assets, could be passed into law. However, Finance and Corporate Affairs Minister Nirmala Sitharaman has eased concerns among some investors, saying the government has no plans to completely ban the use of cryptocurrency. In a statement to the leading English newspaper Deccan Herald, the finance minister said: “We are very clear that we are not closing all options. We will allow people to experiment with blockchain, bitcoins or cryptocurrency.” Obviously, the government is still studying national security risks who carry cryptocurrencies before deciding on a total ban.

In March 2020, the Supreme Court overturned a central bank decision to ban financial institutions from engaging in cryptocurrencies, prompting investors to flock to the cryptocurrency market. Despite long-standing fears of a ban, transaction volumes continued to increase, and user registration and cash inflows to the local cryptocurrency exchange increased 30 times than a year ago. One of India’s oldest exchanges, Unocoin added 20,000 users in January and February 2021. The total volume of Zebpay on February 2021 became equivalent to the volume generated for the entire month of February 2020. Deciding on the cryptocurrency scenario in India, the Finance Minister said in an interview with CNBC-TV18: “I can only make it clear to you that we are not closing our minds, we are looking for ways to experiment in the digital world and cryptocurrency.”

Instead of sitting aside, investors and stakeholders want to do their best to spread the digital coin ecosystem until the government imposes a ban on “private” cryptocurrency and declares a sovereign digital currency.

Is India moving towards financial inclusion through cryptocurrency?

Once considered a “boys’ club ”due to the predominant participation of the male population in the cryptocurrency market, the ever-increasing number of women investors and traders has led to more gender neutrality in the new digital form of investment methods. Women used to stick to traditional investments, but now they are taking risks and going into India’s cryptospace. After the Supreme Court clarified the legitimacy of India’s cryptocurrency platform “virtual currency”, CoinSwitch witnessed an exponential 1000% increase in the number of its female users. Although women investors still make up a small percentage of the crypto community, they are creating stiff competition in the Indian market. Women tend to save much more than their male counterparts, and more savings means more variety in investments such as high-yield assets such as cryptocurrencies. In addition, women are more analytical and better at assessing risks before making the right investment choices, so they are more successful investors.

Increasing the widespread institutional acceptance of cryptocurrencies

Uncertainty and panic caused by SARS-Covid 19 led to a liquidity crisis even before the economic crisis. Many investors converted their assets into cash to protect their finances, leading to a collapse in bitcoin and altcoin prices. But despite the fact that the crypt has suffered a major collapse, it still managed to become the best asset class in 2020. With the growing vulnerability of the system and the loss of confidence in central bank policies and money in its current design, people have an increased appetite for digital currencies, which has led to a rebound of cryptocurrency. Due to the stellar performance of cryptocurrency in the midst of the global financial crisis, the upward trend has increased interest in the virtual currency market in Asia and the rest of the world.

In addition to fueling society’s demand for convenient and reliable transaction solutions, digital payment gateways such as PayPal have also demonstrated their support for cryptocurrencies that allow consumers to hold, buy or sell virtual assets. Tesla CEO Elon Musk recently announced a $ 1.5 billion investment in the cryptocurrency market and that the electric company would accept bitcoins from buyers, leading to a jump in international bitcoin prices from $ 40,000 to $ 48,000 over two days. Two of the largest payment platforms worldwide, Visa and Mastercard, also support cryptocurrencies, providing them as a medium for transactions. While Visa has already announced the authorization of transactions with stable coins in the Ethereum blockchain, Mastercard will start transactions from the crypt in 2021.

What awaits the future of the cryptocurrency market in India?

The Indian cryptocurrency market is not immune to terrible crypto-failures. Despite huge investments from global counterparts, local investors still keep their distance from crypto-investments due to uncertainty in the legitimacy of India’s digital coin ecosystem as well as high market volatility. Although the cryptocurrency market has been evolving since last year, Indians own less than 1% of the world’s bitcoin, creating a strategic disadvantage for the Indian economy. The Government of India plans to appoint a new group to study the possibility of regulating digital currencies in the country, as well as to focus on blockchain technology and propose it for technological improvements.

The ability of blockchain technology to provide secure and unchanging infrastructure has been implemented by various industries to ensure transaction transparency. For a country with more than 15 million cryptocurrency users, the new committee recommendation could be of great importance for determining the future of cryptocurrency in India. However, stakeholders believe that technical and economic power will make India a key player in the crypto and blockchain market. Gradually, cryptocurrency is gaining widespread recognition, which could lead to a wider spread of digital currency.

According to another TechSci Research report on “India’s cryptocurrency market By proposals (Hardware and software), By process (Mining and transactions), By type (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, others), By end users (banking, real estate, stock market and virtual currency) ), By Regions, Forecasts and Opportunities, 2026 “, India’s cryptocurrency is expected to grow with significant CAGR due to increased transparency requirements and reduced transaction costs. In addition, the growing proliferation of digital currency and the growth of blockchain technology are fueling the cryptocurrency market .

How to find good Forex experts

Forex Expert Advisors (Forex EAs or Robots) are software codes specifically designed to read the price tag from a Forex trader’s data provider through their trading platform using algorithms. They are designed to search for pre-programmed price templates and make decisions on behalf of the trader who follow the rules programmed into their decision trees. These solutions carefully evaluate the trading opportunities for Forex traders and give them tips that they can use to get the most out of their trades. Many FX traders want to find for them a good Forex EA. Here are all the steps you need to follow to find a good FX robot:

Step 1: Determine what you need

The first step to finding a decent Forex Expert Advisor is to determine what you need. Different Forex Forex Advisors can be programmed to make different decisions. They can run on many different algorithms, so a person must first determine what he needs from a Forex Expert Advisor before moving on to the actual search for a good Forex EA to make sure he offers everything he needs.

Step 2: Create a list of all Forex experts who are able to provide what you need

Once a person has determined what he needs from a Forex robot, the next step will be to find each individual Forex expert who offers what he needs and create a list. One has to make sure that he attracts every Forex robot that offers all the things they need in order for the fool’s process to be proven.

Step 3: Check all the Forex EAs on your list and start eliminating

The next step that a person must follow to find a good Forex expert is to check all the experts on their list and start eliminating tips that are either insufficient or do not offer everything they need. Only through the elimination process, the process of choosing one Forex Expert Advisor from the many existing Forex EAs will become easier for a person. This process will lead to several options to choose from.

Step 4: Choose the Forex EA that can offer you the most

If a person has only a few robots left, which are the best of the best for him? All a person needs to do now is choose one of these experts. How can a person perform such a feat? Well, one needs to carefully study all the Forex experts they have left, determine what each one has to offer, and then choose the Forex EA that can offer the most. What a person chooses when performing this step will undoubtedly be a good Forex expert for him.

Coinbase: Bitcoin startup is spreading to capture most of the market

In 2017, the price of bitcoin soared. Coinbase, one of the world’s largest cryptocurrency exchanges, has found itself in the right place at the right time to make money on the interest jump. Despite this, Coinbase is not interested in taking its crypto-profits for granted. To stay ahead in the much larger cryptocurrency market, the company is returning money to its master plan. By 2017, the company had revenue of $ 1 billion, and assets of more than $ 150 billion were traded to 20 million customers.

Coinbase, a San Francisco-based company known as the leading cryptocurrency trading platform in the United States and with its continued success ranked 10th on the CNBC Disruptor list in 2018 after not being listed for the previous two years. .

On its way to success, Coinbase has left no stone unturned in the poaching of key executives from the New York Stock Exchange, Twitter, Facebook and LinkedIn. This year, the number of full-time engineering teams has almost doubled. was bought by Coinbase in April this year for $ 100 million. This platform allows users to send and receive digital currency by replying to mass market emails and performing microtasks. The company currently plans to bring in former venture capitalist Andreessen Horowitz, founder and CEO of Earns as the first-ever chief technology officer.

According to current estimates, Coinbase valued itself at about $ 8 billion when it decided to buy Earn.Com. That figure is well above the $ 1.6 billion estimate estimated in the last round of venture funding in the summer of 2017.

Coinbase declined to comment on its estimate, despite having more than $ 225 million in funding from leading venture capital firms including Union Square Ventures, Andreessen Horowitz, and the New York Stock Exchange.

To meet the needs of institutional investors, the New York Stock Exchange plans to launch its own cryptocurrency exchange. Nasdaq, a competitor to the NYSE, is also considering a similar move.

• Competition is coming

While competing organizations are seeking to snack on Coinbase’s business, Coinbase is looking for other venture capital opportunities by trying to build a moat around the company.

Dan Dolev, an analyst at Nomura, said Square, a company run by Twitter CEO Jack Dorsey, could eat up Coinbase’s exchange business because in January it started trading cryptocurrencies in its Square Cash app.

Doleva estimates Coinbase’s average trade fee was about 1.8 percent in 2017. Such high fees can push users to other cheaper exchanges.

Coinbase aims to be the only window for institutional investors when hedging its stock business. To attract white gloves to this class of investors, the company has announced a fleet of new products. This class of investors was particularly wary of plunging into the volatile cryptocurrency market.

Coinbase Prime, The Coinbase Institutional Coverage Group, Coinbase Custody and Coinbase Markets are products launched by the company.

Coinbase believes there are billions of dollars of institutional money that can be invested in digital currency. It already has $ 9 billion in customer assets.

Institutional investors are concerned about security, even though they know that Coinbase has never been hacked like some other global cryptocurrency exchanges. The president and CEO of Coinbase said the impetus for launching Coinbase Saving last November was the lack of a trusted custodian to protect their crypto assets.

• Wall Street is currently moving from Bashing Bit to Cryptocurrency Backer

According to the latest data available at Autonomous Next Wall Street, interest in cryptocurrency seems to be growing. There are currently 287 cryptocurrency hedge funds, while in 2016 there were only 20 cryptocurrency hedge funds. Goldman Sachs has even opened an office for cryptocurrency trading.

Coinbase also introduced Coinbase Ventures, which is an incubator fund for early-stage startups operating in the cryptocurrency and blockchain space. Coinbase Ventures has already amassed $ 15 billion for further investment. His first investment was announced in a startup called Compound, which allows you to borrow or give cryptocurrency while earning an interest rate.

In early 2018, the company launched Coinbase Commerce, which allows merchants to accept major cryptocurrencies for payment. Another bitcoin startup is BitPlay, which recently raised $ 40 million in venture money. Last year, BitPlay processed more than $ 1 billion in bitcoin payments.

Proponents of blockchain technology believe that in the future cryptocurrency will be able to get rid of the needs of central banking authorities. In the process, this will reduce costs and create a decentralized financial solution.

• Regulatory safety remains intensive

To maintain access to the four cryptocurrencies, Coinbase has drawn a lot of criticism. But they need to be careful while U.S. regulators discuss how to control certain uses of the technology.

For cryptocurrency exchanges such as Coinbase, the issue of concern is whether cryptocurrencies are securities that fall under the jurisdiction of the Securities and Exchange Commission. Admittedly, Coinbase is slowly adding new coins because the SEC announced in March that it would apply security laws to all cryptocurrency exchanges.

The Wall Street Journal reported that Coinbase met with SEC representatives to register as a licensed brokerage and e-commerce site. In this scenario, Coinbase will find it easier to maintain more coins as well as follow security rules.

An Objective Review of Forex Killer

Forex Killer is one of the largest forex signal generators available today. But how does it turn out when used by the average, everyday forex trader? My goal of Forex Killer Review is worth it.
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The first thing you need to know about Forex Killer is that it is not an automated trading program, so if you are looking for a system that will carry out smart and efficient trades for you, look elsewhere. Therefore, this system is not ideal for traders who have just got off the boat, so to speak, or, in other words, for those traders who have never traded in the Forex market. For these novice traders, there are several capable autotrading systems that can quickly make a small or substantial profit without knowledge of forex, but again, Forex Killer is not this product.
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What is Forex Killer – a sophisticated signal generation system that conducts constant analysis of market data in real time and analyzes them around the clock in search of profitable opportunities. As soon as he discovers what he thinks will be an upcoming trend or a reversal opportunity, he immediately notifies you so you can trade accordingly.
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Getting downstairs profitable trend is how many leading forex traders are earning and have earned fortune these days, and Forex Killer is working to put you on the same level as them, but without the years it takes to learn how to effectively predict the market .
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What makes it work so well is the fact that it has been tested and tuned for months and years compared to real market data to ensure that his election was as win-win as possible. I have tested a number of other so-called “signal generators” over the years, and nothing touches on the accuracy and precision of this system. If you don’t like the idea of ​​blind investing based on an election algorithm, all you need to do is take note of Forex Killer signals and watch the market act accordingly to see how accurate this program is.
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How to survive and succeed in the Forex market with the help of automated trading

The foreign exchange market, or Forex, is one of the world’s largest markets in terms of both volume and amount of transactions. Forex certainly provides many opportunities to make a significant amount of money and do it fast.
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However, there is an equal amount of risk of losing as much and at the same rate. This article aims to introduce you to automated Forex trading to improve your chances of survival and success in this relentless market.
The importance of psychology in Forex

There are many trading strategies that you can adopt or develop to maximize your chances of success and give you a better chance of survival. Regardless of the strategy chosen, psychology plays a crucial role in the success or failure of any Forex trader.
This is the psychological aspect of Forex trading, which most traders find the most difficult part. It is estimated that less than one in ten Forex traders survive to become successful in this market. The main factor in the failure of the vast majority of people who try Forex is the psychological aspects of trading.
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Even those new traders who have followed the recommended steps to get started tend to suffer from thinking. They conducted their study of the basics of Forex trading; they opened a demo account; they tested several strategies; and chose the one that provides the best return. However, even with all the training, when it comes to trading their real money, it’s a whole different story.
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Opening a trade too early, closing too late or vice versa is common for an inexperienced trader. The results? The “perfect” strategy, which worked every time on a demo account, suddenly breaks down, and your capital begins to decline. Of course, this is not a strategy that breaks down; it is the trader’s reaction to the psychological aspects of trading his valuable capital.
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Automated Forex Trading

One important aspect of Forex trading is that the process can be automated. It relieves all the pressure from the trader and his too human flaws! Automation transmits transactions into the hands of an expert (EA).
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So what is EA? This software, programmed in MQL, is designed to work in conjunction with the Metatrader Forex trading platform. It is deployed by connecting EA to the appropriate trading chart and allowing it to trade according to your strategy.
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The beauty of EA is that it will conduct your trades automatically, without hesitation, as a trader can do. It will follow your strategy without suffering from the psychological aspects of Forex trading, which gives nine unsuccessful traders out of every ten. It will continue to trade 24 hours a day (until markets are open) as long as you keep it online.

EA programming and configuration

You can study MQL yourself to program your expert, or hire a programmer to do it for you. You can find talented programmers at reasonable prices on sites like Fiverr or Upwork.

If you have programmed your EA, it needs to be networked and allowed to work around the clock. Instead of running your computer constantly, consider using a virtual private server (VPS).
A VPS can be located anywhere in the world and allows your EA to operate 24 hours a day for about $ 10 a month. You may even be able to find a broker that offers a free VPS service. Once you get your VPS, log in, install MT4, connect your EA to the appropriate trading chart and start automated trading.

Optimize your trade

No matter how effective your strategy is, you will always have some losing trades. The key to success is optimizing your EA to minimize these losses. To do this, you can use MT4 trade copying programs. These programs copy Forex trades from one MT4 platform to another, and you can set up a program to copy only successful trades.

You will need to install two MT4 platforms, one for your real money account and one for a demo account. The EA runs on a demo account, and the copy program is downloaded to two MT4 platforms. Setting up a copying program just to copy successful (positive) trades will greatly increase your share of successful trades. All your unprofitable trades remain on the demo account – and this is the best place for them!

Preparing for the world of cryptocurrencies: China’s edition

Over the past year, the cryptocurrency market has taken a number of heavy blows from the Chinese government. The market has taken hits like a warrior, but the combinations have hit many cryptocurrency investors. The weak performance of the market in 2018 is fading compared to its stellar thousand percent growth in 2017.

What happened?

Since 2013, the Chinese government has taken steps to regulate the cryptocurrency, but nothing compared to what was put into effect in 2017. (See this article for a detailed analysis of the official statement issued by the Chinese government)

2017 was a landmark year for the cryptocurrency market with all the attention and growth it has achieved. Extreme price volatility has forced the Central Bank to take more extreme measures, including a ban on primary coin placement (ICO) and restrictions on domestic cryptocurrency exchanges. Shortly afterwards, mining plants in China were forced to close, citing excessive electricity consumption. Many exchanges and factories moved abroad to evade the rules, but remained available to Chinese investors. However, they still fail to escape the claws of the Chinese dragon.

In a recent series of government efforts to monitor and ban cryptocurrency trading among Chinese investors, China has expanded its “Eagles Eye” to monitor foreign cryptocurrency exchanges. Companies and bank accounts suspected of operating with foreign cryptocurrencies and related activities are subject to measures ranging from limits on withdrawal limits to account freezes. There are even rumors among the Chinese community about more extreme measures to be taken on foreign platforms that allow trading among Chinese investors.

“As for whether there will be further regulatory measures, we will have to wait for orders from higher authorities.” Excerpts from an interview with the head of the group of the Chinese Agency for Security Oversight of the Public Information Network at the Ministry of Public Security, February 28


Imagine that your child invests his savings in a digital product (in this case in cryptocurrency), which he does not have the opportunity to verify the authenticity and value. He or she may get lucky and get rich, or lose everything if the crypto-bubble bursts. Now distribute this to millions of Chinese citizens and we are talking about billions of Chinese yuan.

The market is full of scams and pointless ICOs. (I’m sure you’ve heard news of people sending coins to random addresses with a promise to double their investment and ICOs that just don’t make sense). Many inexperienced investors do this for money and care less about the technology and innovation behind it. The value of many cryptocurrencies is derived from market speculation. During the crypto boom in 2017, participate in any ICO with a reputable advisor, a promising team or a decent hype, and you are guaranteed at least 3 times your investment.

The lack of understanding of the firm and the technology behind it, coupled with the proliferation of ICOs, is a recipe for disaster. Central Bank members report that nearly 90% of ICOs are fraudulent or involve illegal fundraising. In my view, the Chinese government wants to ensure that the cryptocurrency remains “controlled” and will not be too large to fail in the Chinese community. China is taking the right steps toward a safer, more regulated world of cryptocurrencies, albeit aggressive and controversial. In fact, it may be the best step the country has taken in decades.

Will China deliver an ultimatum and make cryptocurrency illegal? I very much doubt it, for it is rather pointless to do so. Currently, financial institutions are prohibited from holding any crypto assets, and individuals are allowed but prohibited from engaging in any form of trading.

State cryptocurrency exchange?

At the annual “Two Sessions” (named because the two main parties – the National People’s Congress (NPC) and the National Committee of the People’s Political Advisory Council of China (CPC) take part in a forum in the first week of March, leaders gather to discuss recent problems and make necessary amendments to the law.

Wang Pengjie, a member of the NPCC, learned about the prospects of the state-owned digital asset trading platform, and initiated educational projects on blockchain and cryptocurrency in China. However, the proposed platform will require an authenticated account to allow trading.

“Following the establishment of appropriate rules and cooperation between the People’s Bank of China (PBoC) and the China Securities Regulatory Commission (CSRC), a regulated and efficient cryptocurrency exchange platform will serve as a formal way for fundraising companies (through ICOs) and investors to preserve their digital assets and achieve capital growth “Excerpts from Wang Pengjie’s presentation at two sessions.

March to the Blockchain Nation

Governments and central banks around the world are struggling with the growing popularity of cryptocurrencies; but one thing is for sure: everyone has accepted the blockchain.

Despite the dispersal of cryptocurrency, the blockchain is gaining popularity and proliferation at various levels. The Chinese government supports blockchain initiatives and adopts technology. In fact, the People’s Bank of China (PBoC) has been working on digital currency and conducting bogus transactions with some of the country’s commercial banks. It has not yet been confirmed whether the digital currency will be decentralized and will offer cryptocurrency features such as anonymity and immutability. It will not be a surprise if it turns out to be just a digital Chinese yuan, given that anonymity is the last thing China wants in its country. However, created as a close replacement for the Chinese yuan, the digital currency will be subject to existing monetary policy and law.

Governor of the People’s Bank of China Zhou Xiaochuan. Source: CNBC

“Many cryptocurrencies have experienced explosive growth, which could have a significant negative impact on consumers and retail investors. We don’t like (cryptocurrencies) products that use huge opportunities for speculation, which gives people the illusion of getting rich overnight ”Excerpts from an interview with Zhou Xiaochuan on Friday, March 9th.

Speaking to the media on Friday, March 9, the head of the People’s Bank of China Zhou Xiaochuan criticized cryptocurrency projects that used the crypto-boom to raise money and fuel market speculation. He also noted that the development of digital currency is “technologically inevitable”

At the regional level, many Chinese cities are running blockchain initiatives to promote growth in their region. Hangzhou, known as Alibaba’s headquarters, has named blockchain technology one of the city’s top priorities in 2018. Chengdu City Government has also been asked to build an incubation center to facilitate the introduction of blockchain technology in the city’s financial services.

Local conglomerates such as Tencent and Alibaba have also partnered with blockchain firms or initiated projects themselves. Blockchain firms, such as VeChain, have also provided multiple partnerships with Chinese firms to improve supply chain transparency in China.

All indications are that China is working to create a blockchain nation. China has always been open to new technologies such as mobile payments and artificial intelligence. From now on, without a doubt, China will become the first country to support the blockchain. Will we see the Chinese government back down and allow its citizens to trade again? Maybe when the market matures and becomes less volatile, but definitely not in 2018.

Crypto TREND 2017-01

Everyone has heard how bitcoin and other cryptocurrencies have made millionaires those who bought a year ago. Profits of 1000% and more are not just possible, it has been a commonplace for many of these cryptocurrencies. Anyone who bought bitcoin in May 2016 for less than $ 500 would get a 1,400% increase in about 17 months. Then over the last few days we have seen that bitcoin has lost almost $ 1,000, so to say that these cryptocurrencies are unstable would be a significant understatement.

Since the creation of bitcoin in 2008, we at Trend News have been skeptical about the survival of cryptocurrencies, given that they pose a very obvious threat to governments that want to see and tax all transactions. But while we can still be wary of real cryptocurrencies, we are very aware of the potential of the underlying technology that drives these electronic currencies. In fact, we believe that this technology will be a significant destroyer in the way data is managed, and that it will affect all sectors of the global economy, just as the Internet has affected the media.

Here are some questions and answers to get you started …

Q: What is a cryptocurrency?

The most famous cryptocurrency (CC) is BITCOIN. It was the first CC launched in 2008. Today, there are over 800 CCs, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and they are all “virtual”. No “physical” coins and currency.

Q: How do CCs work?

CCs are virtual currencies that exist in very large distributed databases. These databases use BLOCKCHAIN ​​technology. Because every Blockchain database is widespread, it is believed that it is immune to hacking, as there is no central point of attack and every transaction is visible to everyone on the network. Each CC has a group of administrators who are often referred to as “miners” who check transactions. One CC called Ethereum uses “smart contracts” to verify transactions. Crypto TREND will tell more details in upcoming news releases.

Q: What is a BLOCKCHANE?

Blockchain is the technology that underlies all CCs. Each transaction for buying, selling or exchanging CC is entered into a BLOCK that is added to the chain. This technology is complex and will not be explained here, but it can revolutionize the financial services industry because transactions can be performed quickly and easily by reducing or eliminating fees. The technology is also being studied for application in many other industries.

Q: Are CC exchanges regulated by the government?

For the most part, the answer is NO, which, for some users, is a big attraction of this market. Now it is a “wild west”, but the governments of most developed countries are studying this market to decide what regulation may be needed. An important decision is to treat CC as a currency or commodity / security. Canada and the US have so far stated that CCs are legal, however the situation remains unchanged in terms of reporting and tax implications. Crypto TREND will monitor and report on these events.

Q: How to invest in this market?

You can buy, sell and exchange CC using the services of specialized “Exchanges”, which act as a broker. You start by choosing to exchange, set up an account and transfer fiat currency to your account. You can then place orders to BUY and SELL CC. There are many exchanges around the world. Opening an account is fairly simple, and all of these exchanges have their own rules on initial funding and withdrawals.

Crypto TREND will recommend CC Exchanges in the future.

Q: Where to store your CC?

To have the freedom to move cryptocurrencies and pay bills, you will need a digital wallet. These wallets are available in several formats such as desktop, cloud, hardware (USB), mobile phone and paper. Many of them are FREE, however security is an important factor as no one will ever want to lose their wallet or steal it. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrency for certain financial transactions such as remittances and bill payments. The list of companies that accept cryptocurrency is growing rapidly and includes major ones such as Microsoft, GAP, JC Penny, Expedia, Shopify,, Dish Network, Zynga, Subway and WordPress.

Q: What’s next?

Starting, we will keep each of the Crypto TREND articles short and keep the scope of each as narrow as possible. As we noted earlier, we believe that cryptocurrency technology will change the game and such potential investment opportunities will appear once or twice in a lifetime. Make no mistake, early investing in this sector will only be on your most speculative capital, money you can afford to lose.

Even if you don’t want to invest at this time, an early understanding of this new destructive technology will put you in a good position to profit from our recommendations as we move forward.

Expect more news and specific recommendations from Crypto TREND when we embark on this journey into what may at first seem like an alien jungle. This is a volatile market and may not appeal to all investors, however Crypto TREND will be your guide when and when you are ready.

Stay tuned!

Insufficient capitalization and overtraining

Insufficient capitalization is a common problem of neophytes in Forex. Although there are mini-accounts that make currency trading accessible to everyone, nevertheless, a minimum deposit can give you only a minimum income compared to those with more capital. When setting up your own business, the higher the capital, the more opportunities to continue the business; similar to currency trading, the higher the deposit carries the more opportunities to trade.

This does not discourage, but encourages traders to learn how to manage money properly. The plan of the game in currency trading – to make a profit and avoid losses. At the first opportunity you should identify a trading technique that really works for you and stick to that site. If you make a bad deal, you will have to wait and strategically plan your course to recover losses and make money at the same time.

On the other hand, bargaining is an act of trading too much to achieve a target profit. Many traders, without realizing it, are guilty of this act. For starters trying to learn trading processes, they tend to be excited, and without knowing it themselves, they have already made three trades instead of one. Also, when traders get used to their technique, they constantly make the same strategy without updating the current state of the market; for all they know, the market is already working against their favor.

Indeed, the act of trading is the best way to hone your trading skills. However, success in Forex trading does not depend on the number of trades you make, but on your smart decision in trading.