Forex - FXprime

For Canadian Clients of VantageFX (or Canadian Forex Traders in General)

As you likely already know, VantageFX will no longer service Canadians residents as of Nov 30th. This is unfortunate, since VantageFX has done an excellent job serving Canadian clients with higher leverage account options from a well regulated and trusted broker.
Through contacts in the industry, we've been made aware of a new retail account offering at Pacific Union. Pacific Union has a good history of servicing institutional accounts and has only just started taking on retail clients, but they are positioned to service the Canadian clients in the space that VantageFX has left behind.
Further, we were made aware of Pacific Union first by contacts at VantageFX, and then this recommendation was backed up by a trusted source who works closely with both companies.
Again, to be very clear, this post isn't to give undue attention to some random broker.. we are providing this info because Pacific Union is a proper alternative for Canadian based traders that will no longer be serviced by VantageFX.
On that note, I've updated the wiki to include Pacific Union Prime - https://puprime.com:
Subreddit's Canadian Brokers Wiki Page
The only major difference I have noticed so far is lacking MT5, but the word is that Pacific Union will be reviewing MT5 and other enhancements to their offing next quarter after they get past the launch of their retail offering.
Key highlights from my perspective:
Remember, going offshore means you lose CIPF protection on funds, so a well vetted and properly regulated broker is a must!
UPDATE #1: Oct 6th: Took this post off sticky and redacted some info as the connection between VantageFX and Pacific Union Prime was not "official". Pacific Union is still a great alternative / replacement for Canadian clients seeing higher leverage accounts and who are no longer serviced after VantageFX left Canada.
UPDATE #2, Oct 8th: Adjusted this thread again to best reflect where Pacific Union Prime fits with VantageFX and former Canadian VantageFX cleints.
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Real Supply & Demand in FOREX with Precision Part Two

Real Supply & Demand in FOREX with Precision Part Two
So yesterday I created the first part to the 'post' Today I'll continue it.
All markets, equities, cars, widgets, groceries, bonds and even forex are driven by volume. Without volume there is no movement as it's the market maker to entice the trader to aggressively buy or sell based upon their sentiments of direction.
So let's first put into perspective market sentiment and what it is for this posts purpose.
Sentiment is the psychological pressure of trader expectations in movement. It's visible through intermarket analysis and even some indexes when the indexes are properly cross referenced. But sentiment is visible even when candles stop their climb or when buying pressure supports the prices on an attempt to move lower. What comes after sentiment builds it's pressure is the path of least resistance and that's really what the markets are doing. Following the path of least resistance with volume as the rivers boundaries.
Volume in foreign exchange is real.
Retail traders think that because the market is decentralized that volume isn't available. Well, the broker you connect to, and the prime broker or bank that they connect to, they source their pricing with risk management modules by analyzing aggregated volume. Aggregation is a grouping of FX liquidity streams (that all include volume levels) into one hub of liquidity housed inside a limit order book. Volume is not made available to you though. It's the playground of the banks and if you're going to have access to a tool that allows the masses to dilute their returns do you think they would let you have it freely? Nope! They would though lobby for laws (Dodd-Frank, FIFO etc etc come to mind here) they all make it more difficult for you to trade!!!! Opacity!!! But volume is very real, it only needs proper aggregation!
So how do we find valuable opportunities when studying the charts? First off, if you study the charts alone you're doing yourself a great disservice! EURUSD in any time frame is just a representation of a relationship between two currencies. You need to study the value of the underlying currencies!
What that provides you is precision entries. Let's call the entry on Candle 12 (an arbitrary number). On candle 12 you see USDCHF spike higher, that would indicate that EURUSD is going to drop 96% of the time! Oh a little insight! So you take a position short EURUSD on candle 12 in expectation that the relationship between the two currencies is going to go lower because of the strength in the Dollar.
But remember, exchange rate fluctuation is the path of least resistance. So at the point where you have found your entry short in EURUSD, there is the opposite consideration. What if I am wrong? What it if goes the other way? At what price would it show me the opposite direction and how long do I have to wait to confirm a reversal? Candle 12 is magical. It tells you what you need. You see, in ALL instances, extremes high or lows of charts are seen by changes in what's called bid/ask bounce. When bid ask bounce is breached it's giving you sentiment, volume and price all shifting directions. If candle 12 is the candle short, then the high immediately prior to candle 12 is your reversal point!
I guarantee you this is the intersection of buyers and sellers, and when one defeats the other the market changes direction. This is true for all of the entries here, if price reversed before it reached a profitable exit then the reverse would in fact be at the opposite extreme prior to the entry candle.
So we go back and visit the adage buy low/sell high but what happens in between? Proper analysis is an active participation. And just as your analysis says you should buy or sell, your analysis should also tell you how the market is reacting in the middle. If there's no change or breach in bid/ask bounce the trend is still moving.
In the attached chart. When an entry signal is confirmed, the immediate high or low prior to that entry becomes the exact reversal point. (I have circled them in yellow) In most of the opportunities shown that stop loss is a mere 2.2 pips away from the entry price and there are no reversals that were required and all signals were profitably identified. No I did not trade them, this is live analysis that runs continually. Of all the signals there is ONE blue X in the center region of the chart that almost gave a sell signal but price pressures remained in tact and thus bullish. The analysis identifies over 100 pips in movement within a range of 35 pips overall. And none of it with lagging analysis.
With proper analysis, you can maximize your returns by comprehensively understanding all market conditions. You'll minimize your losing trades to negligible frequencies, your gains will be maximized and you'll see precisely how the market moves, turns, breathes and follows the path of least resistance.
Now my purpose here is to develop market transparency for the little guy. Sure my posts attract trolls because the trolls have been burned by their own trading ignorance. So they attack those that strive for and deliver something better, in fact most of them don't know how to trade to save their life and that's their anger. I could show you a few of them who have had accounts with companies I advise or am principal of - but there are privacy rights to respect. Do I do this free? On here of course. Is it a business? I've spent over a million dollars in just research, but when I experienced how expensive it was to obtain true transparency I knew there were benefits to providing this information to retail traders.
https://preview.redd.it/367rn2d6p3s51.jpg?width=1345&format=pjpg&auto=webp&s=e99e1604a078b6aa0916f32be91ce16bc5196320
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US dollar and Japanese yen surge ahead of Brexit deadline

Saxo
continue reading
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How much money would it cost to setup high-frequency trading?

I worked with many HFT startups and I have a pretty good idea of the initial costs that such trading shops have.
Data: High-frequency strategies are data-intensive, so you need to get the best data providers at the tick level (level 3). That’s expensive. Depending on the market you are in (forex, futures, bonds, etc) the cost could vary. FX is even more complex, because of its highly fragmented nature, so they will need to have a broad view of all of them. Each provider cost could start from $5k per month each, up to $50k per month
Servers: You will need power. A decent server (please don’t use the cloud), could cost you 20k at least. It needs to have 32-cores at least. You can rent a dedicated server, and its cost could start from $2k per month
Collocation: That powerful server must be placed inside a collocated environment. The idea is to reduce the latency as much as you can, so being close to the exchanges/venues is the best choice. These data centers will charge you for your server space and for the connectivity you use (cross-connection). This varies considerably depending on the markets you are in.
Software: this would be the most expensive piece of your setup. Remember, that the software is the brain of your operation. Not only needs to get ALL the data from the exchanges/venues but normalize it, store it, manipulate it, and prepare it to be consumed by your strategies(s) that will be doing tons of different calculations based on the data they receive. And all that must be done in a fraction of milliseconds (hopefully within 10–50 microseconds)
On top of that, you must be sure, that you will have all the different modules in place: price aggregators, order management systems (OMS), execution management systems (EMS), smart order routing (SOR), liquidity manager (LM), risk management systems (RMS). and any interface you may need (to databases, storage, monitoring systems, reporting, etc)
Cost-wise, all of this will depends on what you choose. If you go with an off-the-shelf solution (not recommended, cheaper, you don’t own anything, slow), or you start your own development (time to market +1 year, very costly). The cost could vary between $300K to $1M
People: you will need human resources. This is not a one-guy operation. You will need to have software engineers, quantitative analysts, and researchers. Think about 150k /year at the low end.
Brokers/Prime Brokers: you will need to open up a brokerage account to have access to the trading venues. They will require you to have a minimum capital to trade (besides the commissions/fees they may charge). So, that adds up to your initial setup cost.
Conclusions
It’s a very lucrative business but is hard to get started. Usually, startups try to start small and grow as they see profits, but that always falls into failure. If you do that, you will fail to have all the above points I’ve listed.
Your initial investment is high, and keeping in mind that after having all these startup costs, all your infrastructure in place, and the software ready to run, your first profitable trades could start to come in after 6 to 12 months of operations.
I hope my question is not as vague as the others…
Please, let me know if I was missing something else, so we can add it to this list 😎

Ariel Silahian
http://www.sisSoftwareFactory.com/blog
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Weekly Wrap: This Week In Chainlink July 20 - July 26

Weekly Wrap: This Week In Chainlink July 20 - July 26. What a week! Check out this weekly wrap-up of all that has been accomplished in the Chainlink community.

Announcements and Integrations 🎉

SmartCon will feature the top minds and builders of smart contracts and celebrate our incredible community, thriving ecosystem & cutting-edge research. Experience a mix of keynotes, panel discussions, live demos, developer workshops, and networking with the community. We made registration complimentary so everyone can participate.

We’re thrilled to welcome DeutscheTelekom’s TSystems_MMS IT Services group to Chainlink. Tsystemscom’s world-class infrastructure team secures a large amount of enterprise value today & is now on mainnet helping secure Chainlink’s oracle network.

Top Korean banks: Hana Bank, Shinhan Bank, Nonghyup Bank, and Industrial Bank of Korea select Chainlink and CenterPrime to bring their forex data on-chain, transforming the capabilities of open banking services, fintech and DeFi.

Binance Smart Chain has integrated Chainlink as its oracle live on testnet! Using Chainlink gives devs access to off-chain data (e.g. Binance_DEX), enabling them to build DeFi dApps for derivatives, crypto payments, automated asset management and more.

Reflexer (@MetaCoinProject) has successfully integrated Chainlink's ETH/USD Price Reference Data as the basis for collateralization checks on their first Generalized Ethereum Bond (reflex bond) RAI—a low volatility, trust minimized collateral for DeFi.

Blockchain-based e-document solution @FirmaChain is integrating Chainlink to create more seamless digital contracts. For example, car rental contracts using Chainlink to validate driver licenses within the signature process for better customer experience.

Blockchain platform Elastos blockchain is launching a Chainlink-powered ELA/USD Price Reference Data feed to use for collateralization checks on its upcoming cross-chain stablecoin. This is one of many advanced dApps possible on Elastos using real-world data.

TinyboxesETH is using ChainlinkVRF to create Tiny Boxes, randomized & animated generative art pieces that, from creation to curation, exist fully on-chain for collectors to enjoy. They will also use Chainlink price oracles for minting pieces w/ crypto.

Chainlink's ENJ/ETH Price Reference Feed is live on mainnet! Gaming developers can use this reliable price feed when minting or exchanging Enjin-based digital assets.

Chainlink's REN/ETH Price Reference Feed is live on mainnet. DeFi developers utilizing REN in their dApp now have access to a secure and reliable price oracle. This is just one of many Chainlink oracles available today.

Featured Videos & Educational Pieces 🎥

Join the MCDEX team and Chainlink for a video Q&A is with Gareth the DaoChemist (https://twitter.com/daochemist), Head of Business Development of MCDEX. The discussion will be centered on MCDEX integration with Chainlink and a deep-dive into MCDEX's launch of liquidity mining.

Join the Vite Labs team and Chainlink for a video Q&A is with Richard Yan, the Co-founder, and COO of Vite Labs. The discussion will be centered on 1) Why ViteX has better performance than other DEXs, 2) ViteX's approach to trans and liquidity mining where the coins earned entitle users to proceeds from the exchange, 3) Future plans for ViteX.

Watch this community workshop featuring an AMA with LinkPool’s head of business development, Ian Read. In the video, they discuss the future roadmap for LinkPool, how to become a node operator, and best practices for running a node.

Ecosystem & Community Celebrations 👏

Upcoming Events 📅

Are you interested in hosting your own meetup? Apply to become a Chainlink Community Advocate today: https://events.chain.link/advocate

SmartContract is hiring to build Chainlink’s network: Check out these open roles 👩‍💼

View all open roles at https://careers.smartcontract.com
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ESMA, Brexit and profits

In 2011 the European Securities and Markets authority was founded as the European Union’s answer to the 2008 financial crash. Among other things it main purpose is to improve investor protection and promote stable, orderly financial markets. For Forex and CFD retail traders alike this meant a huge reduction in maximum leverages. Prior to the introduction of these regulations leverages of 1:1000 and higher where easy to attain, which mean a larger propensity for both profits and losses. However now leverages have been limited to 1:30 for major currency pairs which, especially for micro-lot traders like myself, means that profits have significantly tanked. But as you may know the U.K. (where I live) is currently attempting to leave the EU in the process called Brexit, and with Boris Johnson how in the position of prime minister, we may actually attain a no-deal Brexit despite his many flaws. This is will mean that FX brokers based within the U.K. will once again be able to offer higher leverages, which will in turn mean that traders all over Europe will once again be able to actually make sizeable profits. People seem to be focusing on the negatives of Brexit a lot, just thought I’d bring this up.
submitted by -Wolffe- to Forex [link] [comments]

Retail Side of the FX Industry and the FX Global Code | Finance Magnates

fintech #trading #algotrading #quantitative #quant #quants #hft ##markets #hedgefunds #fx #forex

Remember the FX Global Code of Conduct? – Yes, the document which was published almost two years ago by the Bank of International Settlements. It was supposed to usher in a new era for global foreign exchange trading after the FX fixing scandals tarnished the reputation of the industry. has largely committednational central banksAsia Trading Summit – The Leading Investment Event in Chinainstitutional brokers Once we get to the prime of the prime of prime section of the retail FX industry things are becoming different. To date only three non-bank prime of prime brokers have signed up to the code. Granted, there are those which are themselves bank subsidiaries, and this number excludes them, but the number is still too low. Coverage of Retail Brokers Buy-side firms on the institutional side of the industry started choosing their partners based on their adherence to the code about a year ago. The structure of the FX Global Code of Conduct was designed to eventually trickle down to al.....
Continue reading at: https://www.financemagnates.com/forex/brokers/retail-side-of-the-fx-industry-keeps-avoiding-fx-global-code/
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The Mechanics of OTIUM Luxury’s OLX Token and Its Lush Offerings

The advent of Bitcoin with the utilization of distributed ledger technology- blockchain, had seen the growth and development of blockchain technology into not just a buzzword or technical jargon, but a technology of epic proportions as it is a modern means of payment through cryptocurrency, which flourishes exponentially with each fiscal year. Various attempts are being made to utilize blockchain technology throughout the financial and economic industries, focusing on smart contracts and decentralized distributed ledger technology. While cryptocurrency is still a relatively promising disposition, it is still very much subject to human-adoption for everyday use; so much so, in fact, OTIUM Luxury is trying to tap into the luxury lifestyle markets with its upcoming token and a host of luxury-based products, services and projects.
It is expected to make a big change. However, unlike the development of blockchain technology, cryptocurrency is still in place. The result of Existing ICO (Initial Coin Offering) mostly turned to be the failure from the lack of preparation as they failed to meet the business proceedings and results which was promised by the ICO after raising funds; thus, this has caused massive financial losses to the ICO investors.
To prevent such project failures and investment losses, OTIUM have completed all related preparations to immediately initiate major business portfolios with aims of achieving genuine, profitable results upon listing OLX tokens. OLX token holders can use OLX tokens for various practical purposes, and some of the revenue generated from the OLX token business will be reinvested into the business development growth to increase the value of OLX tokens.
OTIUM Luxury, under the leadership of its charismatic CEO – Kim Kwang Min, who happens to be the founder and CEO of KERI – the Kim Economic Research Institute in Sejong, South Korea, is South-Korea’s premier luxury brand of malls, products and fintech investment services that prioritises real-economy ecosystem for luxury goods, shopping malls, hotels and other upscale lifestyle amenities. With Kim’s leadership backed by a reputable team of serial entrepreneurs, tech-developers, financial experts and advisors, the OTIUM Luxury stable is now a prominent force to be reckon with in the FinTech industry, as their incubation project produced the acclaimed OLX Coin token.
About OLX Coin token
The OLX Coin is an ERC20 standard token based on the Ethereum blockchain that is issued by Otium. OLX is an innovative digital asset project conceptualized through offline entity support to create a real-economy ecosystem for luxury goods, shopping malls, hotels and other upscale lifestyle amenities. The main utility and aspects of the OLX token is to be used as a form of digital payment currency across East-Asia (Korea, Hong Kong, Singapore) and for cryptocurrency exchange, having being listed with a trading pair in KeriFX, a Futures Exchange forex trading company and research institution in South Korea.
KEY OLX Coin Features
  1. Mobile Payment Service
  2. FX & CFD Trading Service
  3. Smart Contract Based Investment
1. Mobile Payment Service
OLX simplifies the complex payment network and payment structure to provide more opportunities for merchants and customers. Deploying blockchain technology to implement mobile payment services reduces payment processing time and payment fees by replacing the payment agency channels, which was necessary in the existing payment process. The reduction of unnecessary adhoc fees enables merchants to provide more value-added services and better-quality products to their customers, and thus a higher profit margin for merchants themselves. Customers will benefit from savings and obtain more satisfaction this way getting their moneys’ worth without suffering below-par quality of products and services. If a blockchain-based payment service that utilizes OLX tokens is implemented, customers will be able to use OLX tokens for payment of purchases in addition to the existing fiat currencies. OLX tokens will also provide stable usage of OLX tokens through partnerships with global distribution channels, online and offline stores in various countries.
2. Fx & CFD exchange
OLX has signed a platform and liquidity supply agreement with B2BROKER, the world’s third largest FX Liquidity provider by liquidity supply, in June 2019, to utilize OLX tokens as a key currency in FX Margin trades. KERI Limited Hong Kong Corporation, OTIUM’s FX and CFD Exchange, has been established and developed to offer FX Margin trading and CFD trading of cryptocurrencies and futures using OLX tokens.
In addition, 30 billion OLX tokens will be available for rental to major customers who wish to trade FX and CFD at the lowest fee, activating the use of OLX tokens, and 40% of the related profits will be returned to the benefit of OLX token users.
3. Smart Contract based investment
There are two ways to increase the value of OLX tokens:
The first, is an increase in value as OLX tokens will be needed and utilized for various products and services. The Luxury Brands business is the company’s main business criteria that has been operating before, so stable OLX tokens payment service is possible. With regards to FX & CFD trading services, the financial hedge fund business and real estate alternative investment business commences in 2020, making it the largest growth model of the OLX token ecosystem that would increase the value of OLX tokens. OLX already have a global group of financial investment professionals and real estate experts and will continue increasing the value of the OLX token and expand the OLX The second phase is to increase the value of the company. The businesses that OTIUM are focusing on is FX & CFD Exchange, Hedge funds, Real estate, Entertainment, and IT that can apply blockchain smart contract technology will be the prime industries that we will be focusing in. OTIUM constantly looks for real estate investment opportunities in mature markets such as South Korea and Japan in East Asia, while exploring real estate investment opportunities that can expect significant value increases in emerging markets in Southeast Asia.
OTIUM have already verified all achievements and perspectives as a real estate alternative investment expert through partnerships, etc., and combined their capabilities with blockchain smart contracts to condition clauses that require mutual confirmation in real estate contracts, etc.
OLX coin users get the opportunity to make money using the best FX margin trading of 5 trillion a day, conveniently purchase luxury goods through OLX tokens, and join the highest yielding financial and real estate funds with OLX tokens. This is because the core of OTIUM’s goal is the continuous rise in real life use, the creation of real-economy and maintain/increase the value of OLX tokens.
Additionally, OTIUM also plans to provide such services that rent can be automatically paid in OLX tokens through Smart Contracts.
TOKEN UTILIZATION UPDATE On February 1, 2019, OLX Coin signed an MOA with Otium Luxury Goods Store (K-Village Co., Ltd.).
What this means is that you can now pay with OLX Coin directly at Otium Luxury Goods Stores at Sejong Branch and Jeonju Innovation Branch, and various events are provided to users purchasing with OLX Coin.
OTIUM LUXURY MALLS INFO In particular, Otium Luxury Brands Mall is located at 46 Galsan-ro, Iseo-myeon, Wanju-gun, Jeollabuk-do, Korea, while Otium Luxury Brands Mall Sejong is located at 22, Wonang 1-gil, Bugang-myeon, Sejong Special Self-Governing City, Korea. Further plans in the pipeline included opening the largest luxury mall in 31, Sejong headquarters, followed by Otium Luxury Brands Mall in Hong Kong and Singapore by the first quarter of 2020. The online Otium Luxury Brands Mall will be set to launch in the second quarter of 2020.
To provide OLX token users with the convenience of purchasing luxury goods, the token value and pegging mechanism is set to support an equivalent exchange of OLX tokens 1: 1 with OBC (10 KRW) points. Through this OLX will fulfil the responsibilities and pledge as a token-issuer, laying the foundation for solidifying the value of OLX tokens.
In the future, if the demand of OLX token holders is met, the Company will expand the Otium luxury-hall to secure user convenience of OLX token holders anywhere in the world, and will continue to expand the mobile payment service through the partnership.
www.otiumluxury.com
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$40 - $1,000 Flip Challenge Update

Quick background for those new here. This started with me saying that if a person gets suitable good at entering the market and finding places to get high RR trades, it is entirely possible to flip small amounts of money into larger ones relatively quickly. To demonstrate this, I said Id flip $40-50 into over $1,000 over a year and link up Myfxbook to track all my trades. I’d also run versions of the strategy with the info posted for people to log into the accounts, see the trades and copy them if they want (see ForexCopy).

The first one I bust on day one. I tried to do it really quickly ($1,000 in a week or so from $40). I got up around 200% - 250% and then zero’d it. The trades I lost in where not really good opportunities, and I as overly aggressive with them. Was dumb.

The second one I tried running via a copy trader, it messed up early trades and vitaly went bust in the opening hours (I do not think it ever went into profit).

The “I can flip $40 to $1,000 as long as I can keep reloading $40s” challenge is far less impressive. So, I have been reloading that account with tiny amounts, trying to get from $2 or so up to a more useful equity figure. I have failed doing this various times, but it has been down to accuracy being less sharp that it may have been rather than this not being viable.

This is viable. It is fucking hard. Don’t get me wrong. Entering the market when you have 5 - 7 pips before you get margin called is tricky. Kinda fun, too. Good training in getting entries. With a couple good entries, though, entirely viable. $2 can get to $5, $5 can get to $15 and that is enough pips at 0.01 to have a damn good cracking at catching some big moves. Realistically, I think it only takes 10 really good trades to have a fairly useful bankroll.

So let’s just write the $40 - $1,000 thing off. I bombed that.

I am willing to up the ante. Rather than $40 - $1,000 over 12 months, I think I can do $2 or $3 to $5,000 in 18 months.

This is contingent upon a couple things;

This may sound outlandish and crazy, but the maths behind this are fairly solid. All it takes is catching a few 50 - 100 pip trades. A few of these can take $2 to $30, a few more and it is over $100. I can get 1:10 - 1:15 risk reward trades, and can increase risk:reward with in-trade management and adding positions (or hedging positions in profit). So using 5 - 10% risk in really prime opportunities, and it does not take many of them in a row to make some decent money compounding an account from $100.

Technical Details on Margin Requirements
You may be wondering how this can even be feasible. It may seem logical that even the best trader in the world could not get started from $2, but actually with the right brokerage conditions and pair selection, this can be done.

I am using IC Markets. I have 1:500 leverage.
Commission per trade is 0.6 of a lot (so, about $0.04-0.06 per trade with my position sizes).
My spreads are usually under a pip. They sometimes go to zero spread.

Pair selection.

NZD and JPY are the lowest margin requirement currencies, and these can trend well. So I focus on these for starting out. I am trading NZDJPY, I require $1.33 margin to open 0.01 lots. So this means if I close all my trades and have under $1.33 I can not open any more trades.
However, my stop out level is 50% of my margin requirements. So I get stopped out when I have $0.65 equity. This gives me about 15 pips from $2. I can also hedge this, and can use ways to manipulate margin requirements to get the most bang for my buck (which can be good or bad, it goes both ways, but it gives me more options).
So with these settings, to take $2 to $10 is not all that hard. Catch 50 pips or so a couple times without the first trade drawing down 10+ pips. With $10, I have 100 pips at 0.01 (or the option of far more creative positioning), I think 100 pips is plenty margin for error to get into a few good trades and get going.

I’ve pinned the Myfxbook for this to start from today (16th January 2019) since this is the first day I am taking this seriously.
https://www.myfxbook.com/members/inweedwetrust/40-1000/2893650

Deposit $1.50 + account balance $0.65 = Slightly over $2 to start.
The net deposit on this account is now around $66.

Update.

I want to quash this idea that the only way someone can make large returns in FX is using reckless risk and gambling. Obviously many people do this ,but some just know ways to get far more reward for their risks.

Here is a trade I am. I had about $3.50 equity when opening the first two trades. 5 pips and 2 pips stops. I was risking about $0.50.

https://preview.redd.it/ljohtjwqdwa21.png?width=1366&format=png&auto=webp&s=24d62c7296c8afdc15907dbe42a18a37f389e1fd
Then as the move has developed, I have adjusted my stops and added to the position. I am targeting 60 pips or so here, about $20 pay off. I have nothing at risk now. I will end the trade really close to breakeven, if not slightly up.

I have turned $0.50 risk into potentially $20 profit, and done this in the space of 10 pips.

**I am not saying this is easy**. It has taken me years of studying price moves to know how, and far more importantly when to do this. I am saying it something that can be learned, and when applied well ... can be surprisingly profitable.

Update.


https://preview.redd.it/1jptz02cfwa21.png?width=1366&format=png&auto=webp&s=a8af8bd06a16058ae2369fe634215116d806fc31
Now I have set hedging orders on an area I know price often pulls back from. If it pulls back to the level I expect, I can exit the hedges and have the buy stops under there. If it then goes higher, I banked an extra X% on the gain with the hedges.
I have set a hedging order above the high for if price blows through the take profits (making me short) and continues upwards. The worse case scenario sees me lose rather little, the best case (price filling take profits and then coming down to make the sells profitable, or the price retracing so the sells are profitable then it making a high) yield substantial profit potential.

Piling up potential profit, without adding on much potential risk.

Update.

https://preview.redd.it/v70pqc9qiwa21.png?width=1362&format=png&auto=webp&s=a252499e2dc4f5ffc782fb6e44ffc5d8b8fb0fa6
Then I use the rules of the Extreme Edge strategy to trail stops. To get my line in the sand. I now have locked in a profti (albeit small) and can potentially make somewhere in the $25 - $30 range or perhaps more from my $0.50 risk.
https://www.reddit.com/Forexnoobs/comments/af15l9/extreme_edge_strategy_detailed/

Update.

This never worked out (I screwed it up). It is a lot harder with $2 on a 1 minute chart whilst posting live updates. However later you will see how I can take these same principles that can make $0.50 risk into $20 and use them to get into positions where $10 risk can be $300. Or where $100 can be several thousand.

Update.
So I was a bit early on that move, but this is what it looks like when it works. Occasions to position like this happen fairly frequently. I can get myself into these positions where I am risking a nominal amount for much larger gains many times in a day. I can take the same principles and apply them to weekly charts and position for "flash crashes", and other volatile moves.
This is obviously on an account with more equity, I got margin called on the small one, will try again tomorrow. I was probably 2 pips away from going to $2 to close to $100 today (assuming the trades come through as I think). Will be abl to check what it could have been. If I'd hit the first trade, it would have mirrored the trades in the account that is copying my account *2 risk. If these swings hit, this account may make about $50 in them. Which will put it up about 100% (trading only 2x 0.01 at any time) since we fixed the margin/FIFO copying issues. Bit early to be counting chickens, but we'll see. https://www.myfxbook.com/members/drcherrypoppemt4-9084923/2910254


https://preview.redd.it/xhqv5tf55za21.png?width=1359&format=png&auto=webp&s=e63d97b4d7ef32573071afff3c31f67a98f725e6
submitted by inweedwetrust to Forexnoobs [link] [comments]

"Satoshi Nakamoto" the mysterious creator of Bitcoin is no other than the CIA

Bitcoin has surged to all time highs, Who created Bitcoin, and why?
The creator of Bitcoin is officially a name, “Satoshi Nakamoto” – very few people believe that it was a single male from Japan. In the early days of Bitcoin development this name is associated with original key-creation and communications on message boards, and then the project was officially handed over to others at which point this Satoshi character never appeared again (Although from time to time someone will come forward saying they are the real Satoshi Nakamoto, and then have their posts deleted).
Bitcoin could very well be the ‘one world currency’ that conspiracy theorists have been talking about for some time. It’s a kill five birds with one stone solution – not only is Bitcoin an ideal one world currency, it allows law enforcement a perfect record of all transactions on the network. It states very clearly on bitcoin.org (the official site) in big letters “Bitcoin is not anonymous” :
Some effort is required to protect your privacy with Bitcoin. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. This is one reason why Bitcoin addresses should only be used once.
Another advantage of Bitcoin is the problem of Quantitative Easing – the Fed (and thus, nearly all central banks in the world) have painted themselves in a corner, metaphorically speaking. QE ‘solved’ the credit crisis, but QE itself does not have a solution. Currently all currencies are in a race to zero – competing with who can print more money faster. Central Bankers who are in systemic analysis, their economic advisors, know this. They know that the Fiat money system is doomed, all what you can read online is true (just sensationalized) – it’s a debt based system based on nothing. That system was created, originally in the early 1900’s and refined during Breton Woods followed by the Nixon shock (This is all explained well in Splitting Pennies). In the early 1900’s – there was no internet! It is a very archaic system that needs to be replaced, by something modern, electronic, based on encryption. Bitcoin! It’s a currency based on ‘bits’ – but most importantly, Bitcoin is not the ‘one world currency’ per se, but laying the framework for larger cryptocurrency projects. In the case of central banks, who control the global monetary system, that would manifest in ‘Settlement Coin’ :
Two resources available almost exclusively to central banks could soon be opened up to additional users as a result of a new digital currency project designed by a little-known startup and Swiss bank UBS. One of those resources is the real-time gross settlement (RTGS) system used by central banks (it’s typically reserved for high-value transactions that need to be settled instantly), and the other is central bank-issued cash. Using the Utility Settlement Coin (USC) unveiled today, the five-member consortium that has sprung up around the project aims to help central banks open-up access to these tools to more customers. If successful, USC has the potential to create entirely new business models built on instant settling and easy cash transfers. In interview, Robert Sams, founder of London-based Clearmatics, said his firm initially worked with UBS to build the network, and that BNY Mellon, Deutsche Bank, ICAP and Santander are only just the first of many future members.
the NSA/CIA often works for big corporate clients, just as it has become a cliche that the Iraq war was about big oil, the lesser known hand in global politics is the banking sector. In other words, Bitcoin may have very well been ‘suggested’ or ‘sponsored’ by a banker, group of banks, or financial services firm. But the NSA (as we surmise) was the company that got the job done. And probably, if it was in fact ‘suggested’ or ‘sponsored’ by a private bank, they would have been waiting in the wings to develop their own Bitcoin related systems or as in the above “Settlement Coin.” So the NSA made Bitcoin – so what?
The FX markets currently represent the exchange between ‘major’ and ‘minor’ currencies. In the future, why not too they will include ‘cryptocurrencies’ – we’re already seeing the BTC/EUR pair popup on obscure brokers. When BTC/USD and BTC/EUR are available at major FX banks and brokers, we can say – from a global FX perspective, that Bitcoin has ‘arrived.’ Many of us remember the days when the synthetic “Euro” currency was a new artificial creation that was being adopted, although the Euro project is thousands of degrees larger than the Bitcoin project. But unlike the Euro, Bitcoin is being adopted at a near exponential rate by demand (Many merchants resisted the switch to Euros claiming it was eating into their profit margins and they were right!).
And to answer the question as to why Elite E Services is not actively involved in Bitcoin the answer is that previously, you can’t trade Bitcoin. Now we’re starting to see obscure brokers offering BTC/EUR but the liquidity is sparse and spreads are wacky – that will all change. When we can trade BTC/USD just like EUUSD you can bet that EES and a host of other algorithmic FX traders will be all over it! It will be an interesting trade for sure, especially with all the volatility, the cross ‘pairs’ – and new cryptocurrencies. For the record, for brokers- there’s not much difference adding a new symbol (currency pair) in MT4 they just need liquidity, which has been difficult to find.
So there’s really nothing revolutionary about Bitcoin, it’s just a logical use of technology in finance considering a plethora of problems faced by any central bank who creates currency. And there are some interesting caveats to Bitcoin as compared to major currencies; Bitcoin is a closed system (there are finite Bitcoin) – this alone could make such currencies ‘anti-inflationary’ and at the least, hold their value (the value of the USD continues to deteriorate slowly over time as new M3 introduced into the system.) But we need to pay
Here’s some interesting theories about who or whom is Satoshi:
A corporate conglomerate
Some researchers proposed that the name ‘Satoshi Nakamoto’ was derived from a combination of tech companies consisting of Samsung, Toshiba, Nakayama, and Motorola. The notion that the name was a pseudonym is clearly true and it is doubtful they reside in Japan given the numerous forum posts with a distinctly English dialect.
Craig Steven Wright
This Australian entrepreneur claims to be the Bitcoin creator and provided proof. But soon after, his offices were raided by the tax authorities on ‘an unrelated matter’
Soon after these stories were published, authorities in Australia raided the home of Mr Wright. The Australian Taxation Office said the raid was linked to a long-running investigation into tax payments rather than Bitcoin. Questioned about this raid, Mr Wright said he was cooperating fully with the ATO. “We have lawyers negotiating with them over how much I have to pay,” he said.
Other potential creators
Nick Szabo, and many others, have been suggested as potential Satoshi – but all have denied it:
The New Yorker published a piece pointing at two possible Satoshis, one of whom seemed particularly plausible: a cryptography graduate student from Trinity College, Dublin, who had gone on to work in currency-trading software for a bank and published a paper on peer-to-peer technology. The other was a Research Fellow at the Oxford Internet Institute, Vili Lehdonvirta. Both made denials. Fast Company highlighted an encryption patent application filed by three researchers – Charles Bry, Neal King and Vladimir Oks­man – and a circumstantial link involving textual analysis of it and the Satoshi paper which found the phrase “…computationally impractical to reverse” in both. Again, it was flatly denied.
THE WINNER: It was the NSA
The NSA has the capability, the motive, and the operational capacity – they have teams of cryptographers, the biggest fastest supercomputers in the world, and they see the need. Whether instructed by their friends at the Fed, in cooperation with their owners (i.e. Illuminati banking families), or as part of a DARPA project – is not clear and will never be known (unless a whistleblower comes forward). In fact, the NSA employs some of the best mathematicians and cryptographers in the world. Few know about their work because it’s a secret, and this isn’t the kind of job you leave to start your own cryptography company.
But the real smoking Gun, aside from the huge amount of circumstantial evidence and lack of a credible alternative, is the 1996 paper authored by NSA “HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH”
The NSA was one of the first organizations to describe a Bitcoin-like system. About twelve years before Satoshi Nakamotopublished his legendary white paper to the Metzdowd.com cryptography mailing list, a group of NSA information security researchers published a paper entitled How to Make a Mint: the Cryptography of Anonymous Electronic Cash in two prominent places, the first being an MIT mailing list and the second being much more prominent, The American Law Review
The paper outlines a system very much like Bitcoin in which secure financial transactions are possible through the use of a decentralized network the researchers refer informally to as a Bank. They list four things as indispensable in their proposed network: privacy, user identification (protection against impersonation), message integrity (protection against tampering/substitution of transaction information – that is, protection against double-spending), and nonrepudiation (protection against later denial of a transaction – a blockchain!).
It is evident that SHA-256, the algorithm Satoshi used to secure Bitcoin, was not available because it came about in 2001. However, SHA-1 would have been available to them, having been published in 1993.
Why would the NSA want to do this? One simple reason: Control.
As we explain in Splitting Pennies – Understanding Forex – the primary means the US dominates the world is through economic policy, although backed by bombs. And the critical support of the US Dollar is primarily, the military. The connection between the military and the US Dollar system is intertwined inextricably. There are thousands of great examples only one of them being how Iraq switched to the Euro right before the Army’s invasion.
In October 2000 Iraq insisted on dumping the US dollar – ‘the currency of the enemy’ – for the more multilateral euro. The changeover was announced on almost exactly the same day that the euro reached its lowest ebb, buying just $0.82, and the G7 Finance Ministers were forced to bail out the currency. On Friday the euro had reached $1.08, up 30 per cent from that time.
Almost all of Iraq’s oil exports under the United Nations oil-for-food programme have been paid in euros since 2001. Around 26 billion euros (£17.4bn) has been paid for 3.3 billion barrels of oil into an escrow account in New York. The Iraqi account, held at BNP Paribas, has also been earning a higher rate of interest in euros than it would have in dollars.
The point here is there are a lot of different types of control. The NSA monitors and collects literally all electronic communications; internet, phone calls, everything. They listen in even to encrypted voice calls with high powered microphones, devices like cellphones equipped with recording devices (See original “Clipper” chip). It’s very difficult to communicate on planet Earth in private, without the NSA listening. So it is only logical that they would also want complete control of the financial system, including records of all electronic transactions, which Bitcoin provides.
Could there be an ‘additional’ security layer baked into the Blockchain that is undetectable, that allows the NSA to see more information about transactions, such as network location data? It wouldn’t be so far fetched, considering their past work, such as Xerox copy machines that kept a record of all copies made (this is going back to the 70’s, now it’s common). Of course security experts will point to the fact that this layer remains invisible, but if this does exist – of course it would be hidden.
More to the point about the success of Bitcoin – its design is very solid, robust, manageable – this is not the work of a student. Of course logically, the NSA employs individuals, and ultimately it is the work of mathematicians, programmers, and cryptographers – but if we deduce the most likely group capable, willing, and motivated to embark on such a project, the NSA is the most likely suspect. Universities, on the other hand, didn’t product white papers like this from 1996.
Another question is that if it was the NSA, why didn’t they go through more trouble concealing their identity? I mean, the internet is rife with theories that it was in fact the NSA/CIA and “Satoshi Nakamoto” means in Japanese “Central Intelligence” – well there are a few answers for this, but to be congruent with our argument, it fits their profile.
Where could this ‘hidden layer’ be? Many think it could be in the public SHA-256, developed by NSA (which ironically, was the encryption algorithm of choice for Bitcoin – they could have chosen hundreds of others, which arguably are more secure):
Claims that the NSA created Bitcoin have actually been flung around for years. People have questioned why it uses the SHA-256 hash function, which was designed by the NSA and published by the National Institute for Standards and Technology (NIST). The fact that the NSA is tied to SHA-256 leads some to assume it’s created a backdoor to the hash function that no one has ever identified, which allows it to spy on Bitcoin users.
“If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network,” cryptography researcher Matthew D. Green of Johns Hopkins University said in a previous interview.
Then there’s the question of “Satoshi Nakamoto” – if it was in fact the NSA, why not just claim ownership of it? Why all the cloak and dagger? And most importantly, if Satoshi Nakamoto is a real person, and not a group that wants to remain secret – WHY NOT come forward and claim your nearly $3 Billion worth of Bitcoin (based on current prices).
Did the NSA create Satoshi Nakamoto?
The CIA Project, a group dedicated to unearthing all of the government’s secret projects and making them public, hasreleased a video claiming Bitcoin is actually the brainchild of the US National Security Agency.
The video entitled CIA Project Bitcoin: Is Bitcoin a CIA or NSA project? claims that there is a lot of compelling evidences that proves that the NSA is behind Bitcoin. One of the main pieces of evidence has to do with the name of the mysterious man, woman or group behind the creation of Bitcoin, “Satoshi Nakamoto”.
According to the CIA Project, Satoshi Nakamoto means “Central Intelligence” in Japanese. Doing a quick web search, you’ll find out that Satoshi is usually a name given for baby boys which means “clear thinking, quick witted, wise,” while Nakamoto is a Japanese surname which means ‘central origin’ or ‘(one who lives) in the middle’ as people with this surname are found mostly in the Ryukyu islands which is strongly associated with the Ry?ky? Kingdom, a highly centralized kingdom that originated from the Okinawa Islands. So combining Nakamoto and Satoshi can be loosely interpreted as “Central Intelligence”.
Is it so really hard to believe? This is from an organization that until the Snowden leaks, secretly recorded nearly all internet traffic on the network level by splicing fiber optic cables. They even have a deep-sea splicing mission that will cut undersea cables and install intercept devices. Making Bitcoin wouldn’t even be a big priority at NSA.
Certainly, anonymity is one of the biggest myths about Bitcoin. In fact, there has never been a more easily traceable method of payment. Every single transaction is recorded and retained permanently in the public “blockchain”. The idea that the NSA would create an anarchic, peer-to-peer crypto-currency in the hope that it would be adopted for nefarious industries and become easy to track would have been a lot more difficult to believe before the recent leaks by Edward Snowden and the revelation that billions of phone calls had been intercepted by the US security services. We are now in a world where we now know that the NSA was tracking the pornography habits of Islamic “radicalisers” in order to discredit them and making deals with some of the world’s largest internet firms to insert backdoors into their systems.
And we’re not the only ones who believe this, in Russia they ‘know’ this to be true without sifting through all the evidence.
Nonetheless, Svintsov’s remarks count as some of the more extreme to emanate from the discussion. Svintsov told Russian broadcast news agency REGNUM:“All these cryptocurrencies [were] created by US intelligence agencies just to finance terrorism and revolutions.”Svintsov reportedly went on to explain how cryptocurrencies have started to become a payment method for consumer spending, and cited reports that terrorist organisations are seeking to use the technology for illicit means.
Let’s elaborate on what is ‘control’ as far as the NSA is concerned. Bitcoin is like the prime mover. All future cryptocurrencies, no matter how snazzy or functional – will never have the same original keys as Bitcoin. It created a self-sustained, self-feeding bubble – and all that followed. It enabled law enforcement to collect a host of criminals on a network called “Silk Road” and who knows what other operations that happened behind the scenes. Because of pesky ‘domestic’ laws, the NSA doesn’t control the internet in foreign countries. But by providing a ‘cool’ currency as a tool, they can collect information from around the globe and like Facebook, users provide this information voluntarily. It’s the same strategy they use like putting the listening device in the chips at the manufacturing level, which saves them the trouble of wiretapping, electronic eavesdropping, and other risky methods that can fail or be blocked. It’s impossible to stop a cellphone from listening to you, for example (well not 100%, but you have to physically rewire the device). Bitcoin is the same strategy on a financial level – by using Bitcoin you’re giving up your private transactional information. By itself, it would not identify you per se (as the blockchain is ‘anonymous’ but the transactions are there in the public register, so combined with other information, which the NSA has a LOT OF – they can triangulate their information more precisely.
That’s one problem solved with Bitcoin – another being the economic problem of QE (although with a Bitcoin market cap of $44 Billion, that’s just another day at the Fed buying MBS) – and finally, it squashes the idea of sovereignty although in a very, very, very subtle way. You see, a country IS a currency. Until now, currency has always been tied to national sovereignty (although the Fed is private, USA only has one currency, the US Dollar, which is exclusively American). Bitcoin is a super-national currency, or really – the world’s first one world currency.
Of course, this is all great praise for the DOD which seems to have a 50 year plan – but after tens of trillions spent we’d hope that they’d be able to do something better than catching terrorists (which mostly are artificial terrorists)
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Retail Side of the FX Industry and the FX Global Code | Finance Magnates

fintech #trading #algotrading #quantitative #quant #quants #hft ##markets #hedgefunds #fx #forex

Remember the FX Global Code of Conduct? – Yes, the document which was published almost two years ago by the Bank of International Settlements. It was supposed to usher in a new era for global foreign exchange trading after the FX fixing scandals tarnished the reputation of the industry. has largely committednational central banksAsia Trading Summit – The Leading Investment Event in Chinainstitutional brokers Once we get to the prime of the prime of prime section of the retail FX industry things are becoming different. To date only three non-bank prime of prime brokers have signed up to the code. Granted, there are those which are themselves bank subsidiaries, and this number excludes them, but the number is still too low. Coverage of Retail Brokers Buy-side firms on the institutional side of the industry started choosing their partners based on their adherence to the code about a year ago. The structure of the FX Global Code of Conduct was designed to eventually trickle down to al.....
Continue reading at: https://www.financemagnates.com/forex/brokers/retail-side-of-the-fx-industry-keeps-avoiding-fx-global-code/
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Zebrarank:April 30 deadline has expired, ASIC broker IFGM announced its withdrawal from the Chinese market

Fast news, foreign exchange spy received platform information, ASIC regulatory platform IFGM announced to suspend the mainland China market related services, namely exit China.
1.IFGM terminates cooperation with a third party company in China;
2.IFGM will not accept new account opening application and deposit in mainland China from now on;
  1. For the current position holding customers in mainland China, they will close their positions at 17:00 on May 8, 2019 (Australian eastern time) and apply for gold. Overdue accounts will be subject to enforcement.
  2. Customer funds are liquidated successively.
It can be seen from the news that IFGM account in mainland China will not be opened in the future, because IFGM only has an Australian license. Whether because of ASIC regulatory requirements or the result of poor domestic operation, this withdrawal from the spy is recognized, at least the customer is properly cleared, rather than quietly run away.
What happens next with other platforms regulated only by ASIC? Investors need to keep an eye on foreign exchange spy information.
List of platforms with ASIC licence only (in no particular order) :
amdforex
Cardiff
The Advanced Markets
The Best Leader
charterprime
Rubix FX
PGWG
EightCap
GS Deep Ocean
Global Prime
Millennium capital
WistonFX
INVAST
OGFX
Ken company MARKETS
DV Markets (IFS Markets)
JB Alpha
City index
ILQ
Trend
FOREX CT
VT Markets
ETO Markets
TradeMax
AUGS Markets
Hantec Markets
GMT Markets
SuperTrader
BCR
ACY
Capstone
TBC
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Exclusive arrangement | ASIC supervises 63 brokerage firms'full list. Before the end of April, pay attention to the entry and exit of these platforms.

Australian regulators have asked their brokers to violate Chinese and EU laws in providing OTC derivatives to overseas retail traders.
At present, there are 63 Australian brokers in China. This week, the platforms that have cancelled ASIC regulatory licences are UTRADE, ESA ASIA and Baofu International.
Yesterday, the suspension of Chinese customers'cash inflows was announced by OANDA and Lotte Securities.
It should also be noted that only ASIC license platforms, if there is no good plan before the end of April, then customers in China will be affected. Investors should pay attention to the situation of April's income and expenditure. These platforms include (ranked indiscriminately):
Amdforex
Cardiff
IFGM
Advanced Markets
Best Leader
Charterprime
Rubix FX
PGWG
EightCap
GS Deep Ocean
Global Prime
Millennium,
Wiston FX
INVAST
OGFX
Mickens MARKETS
DV Markets (IFS Markets)
JB Alpha
City index
ILQ
Trend
FOREX CT
VT Markets
ETO Markets
TradeMax
GO Markets
AUGS Markets
Hantec Markets
GMT Markets
USGFX
SuperTrader
BCR
ACY
Capstone
Anzo Capital
TBC
With ASIC licences, there are also platforms with other licences. Although customer access to ASIC is monitored under Australian supervision, diversified licences still have advantages for customer ownership arrangements. These platforms include (ranked indiscriminately):
AVATrade
Eddie McAdral markets
KVB
Think Markets
XM
Profit securities
IC Markets
AETOS
MahiFX (Saled Retail Business)
FXOpen
Vantage FX
Xforex
FP Markets
European market
Velocity
Royal
MEX Group
Pepperstone
AxiTrader
Easy Markets
CMC Markets
Gain capital
FXCM
IG Markets
Before the end of April, ASIC brokers requested a written reply to ASIC detailing the measures taken to comply with regulatory requirements for overseas customers.
Before May 7, ASIC brokers need to e-mail the number of customers in each jurisdiction.
In the meantime, investors can choose platforms with a wide range of licences and high ratings through the official website of foreign exchange agents www.fxmitan.com.
submitted by Zebrahelps to u/Zebrahelps [link] [comments]

Retail Side of the FX Industry and the FX Global Code | Finance Magnates

fintech #trading #algotrading #quantitative #quant #quants #hft ##markets #hedgefunds #fx #forex

Remember the FX Global Code of Conduct? – Yes, the document which was published almost two years ago by the Bank of International Settlements. It was supposed to usher in a new era for global foreign exchange trading after the FX fixing scandals tarnished the reputation of the industry.It actually does already serve its purpose, primarily with an additional regulation layer in the relationships between the buy and sell side of the FX industry. The institutional side of foreign exchange has largely committed with all major prime brokers and electronic trading platforms conforming to the standard. While retail clients are not covered by the code, retail brokers are. A key aspect of the document, however, is that participation is voluntary. The idea behind the construction of the FX Global Code of Conduct was that as national central banks sign up, so will commercial banks, followed by the prime of primes and ultimately retail brokers.Asia Trading Summit – The Leading Investment Event in ..... Continue reading at: https://www.financemagnates.com/forex/brokers/retail-side-of-the-fx-industry-keeps-avoiding-fx-global-code/
submitted by silahian to quant_hft [link] [comments]

My thoughts on the best brokers

So the long and nasty road of chosing a broker.. a broker that wont interfere or have anything against you profiting 40-60% year in year whilst also depositng more money.. the feeling of "safe" is very lucrative in the retail forex market.
So here is my top list of brokers to trade with: 2nd place, Pepperstone regulated in both Australia and UK.. Pepperstone offers amazing spreads on their "Razor" accounts.. Pepperstone is growing at a fast rate and its not because its offering "1,000 leverage" or "50% deposit bonus"- which btw it is not offering.
So in other words Pepperstone keeps growing not by lure of fast action and high leverage, but more on the word of "safety, regulation, and making excellent conditions for the trading environment"
Nr 1: Darwinex, where to start with this one? They allocate 4,000,000 Euros to the top 48 traders, EACH MONTH! A Dedicated staff/founders which always start up free seminars and update people.
Darwinex as Pepperstone has the traders best interest in mind, fast execution, low spreads, low commission.
The fact that i was trading one day, and woke up the next day with suddenly a 10,000usd+ investment from 2 people on the site, is what makes Darwinex so great..
Also offers way better tools than Myfxbook for improving your trading, and see its weaknesses and strenghts
Thats why i rank Darwinex slightly ahead of Pepperstone, the analytics and that even if you only have a 1,000usd to your name.. what matters is that you produce consist results and you might in a short time be trading a 50k-100k or a larger account.
Other honorary mentions: Global Prime, FxPro(even though they are with Cyprus regulation, they are probably the most reliable of them all)
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Crown Jewels: Major Achievements of Azbit’s Pros

Crown Jewels: Major Achievements of Azbit’s Pros

https://preview.redd.it/z01xzlhljp421.jpg?width=1000&format=pjpg&auto=webp&s=ee5b4bc08db658efd9c684c7123c2b25d144e030
Behind each achievement at any company are people. Azbit’s success story would not have been possible without the pool of gifted minds - those who are taking the project to a qualitatively new level. The team’s and advisors’ extensive experience, authority, knowledge, and impeccable record are our prime capital (literally crown jewels) and pride.
The following are major achievements of professionals engaged in project’s development:
Roger Ver (Advisor)
“Bitcoin Jesus” is a person who clearly needs no introduction. He is founder & CEO of Bitcoin.com, bitcoin evangelist and angel investor. In 2018 he was ranked number 36 in Fortune’s The Ledger 40 under 40 for transforming business at the leading edge of finance and technology. Since 2011 Roger Ver took part in successful projects, including Bitpay, Ripple, Blockchain.info, Kraken, Coinsetter.
Mate Tokay (Advisor)
Mate Tokay manages the top source in the world of Bitcoin - Bitcoin.com.
Giovanni Lesna Maranetto (Advisor)
Giovanni is a blockchain strategist, entrepreneur, speaker, and, the icing on the cake, a top 30 ICOBench Advisor.
Max Zmitrovich (CEO, co-founder)
His latest projects include participation and directing business development of projects around the world, to include cryptocurrency exchange and international trading companies Veles Limited, Poliphone SIA, largest UK estate agency Connells, manufacturing company EELL, Rivera.
Michael Yermolitski (Co-Founder)
Michael Yermolitski is a holder of a $1,500,000 crypto portfolio. Head of a group of companies in the B2B and B2C sphere.
Prof. Alex Siow (Enterprise Risk Manager)
He has a fundamental 38-year experience in the sphere of Strategic Planning and IT. Alex Siow was at the forefront of the IT sphere development and has become a living legend of the Asian business community. He is a Professor in the National University of Singapore.
Azam Khodzhaev (Chief Communications Officer)
Azam Khodzhaev is Eastern Europe’s No. 1 thought leader in the crypto and mining sphere. He is an independent advisor to the Russian government on blockchain.
Andy Yeo (Blockchain Lawyer, AML-specialist)
An authoritative analytical portal, Global Investigations Review, featured Andy Yeo as one of the leading AML experts. He is a top-pro in the area of securities and banking regulatory compliance.
Elena Certa (Advisor)
She is Director, FSA Direct Access Clients at Bank J. Safra Sarasin Ltd (Switzerland). Elena has over 11 years of experience in trading in capital markets focusing on FX, commodities and interest rates.
Mickey Choi (Advisor)
Mickey Choi is a prominent representative of the Korean private investor community with 11 years of financial experience. He was honored by a special award at 2018 Global 100 and received a merit of recognition in the New Technology Innovation Target category.
Sergei Ermolitski (Head of Operations, co-Founder)
Sergei Ermolitski has extensive experience of cybersecurity for financial IT projects. For a long time, he held the position of CEO at FxCash, the first Forex cashback service in Eastern Europe.
Andrew Rohau (Chief Technology Officer)
Andrew has 17 years’ experience in the development of technical solutions, IT, system architecture, business analysis. Back in the early 2000s, he was at the forefront in designing and implementing computer networks based on technologies of Cisco Systems. Worked with international organizations, including Open Technologies, Huawei Technologies, UNDP, UNICEF, UNHCR.
Stefan Bergström (Business Strategic Advisor)
He invested in nearly two dozen tech start-ups. Stefan Bergström is strategist and business consultant at a number of companies and successful blockchain projects, including CoinAnalyst, MapCoin, Aimedis, Ufity SA, Sidera Blockchain Technologies, NOBAR, Netscouters International, TokenMatch.
Yulia Gushchina (VP of Sales and Partnership)
Yulia has deep knowledge in the sphere of business relations psychology, international and diplomatic relations with top level businesses and State local Government customers. Prior to joining Azbit, she has worked in Strategic Development at Huawei Technologies Co.Ltd.
Pavel Kalashnikau (Advisor)
He is co-Founder and director of FxCash, one of the leading forex cashback services.
Lam Riki Pham (Head of Strategic Planning)
Lam is a highly experienced leader in financial industry with over 10 years’ experience. He has been working with the State Bank of Vietnam as a Government Officer for Strategy planning for the banking industry.
Dmitry Gursky (Chief Business Development Officer)
Independent blockchain consultant to the government of the Russian Federation and the CIS countries. Dmitry Gursky participated in the release of the first projects with Security Tokens
Alex Moroz (Chief Marketing Officer)
Alex developed his own exclusive methodology for ensuring an effective promotion system, which he has successfully applied in several Fintech startups.
Max Seluk (Advisor)
Max Seluk is CEO of KMA.biz, one of the biggest partner networks in the field of banking, finance, retail and e-commerce.

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New coin B2B, exchange aggregator for institutional clients, confirmed listing on Bittrex in a few weeks

Currently listed only on small exchanges like EtherDelta because it only got distributed yesterday. However their client list includes Bittrex, Poloniex, Kraken, and XBTCE. They had already confirmed a future listing on XBTCE and today in telegram the team confirmed that a Bittrex listing is coming soon!
Bittrex in a few weeks
https://etherdelta.com/#B2B-ETH has the most volume for this coin right now. Market cap is around $13M right now (15m circulating supply) with a large team and a huge list of clients already signed: "During the ICO, 19 licensed broker companies and cryptocurrency exchanges have already become our clients. Full list: Awadh International, Ya Markets, Alpha Broker, MoneyPlant, Grand Capital, Tradesmarter Yoni, STForex, STPFХ, Pruton Market company, АTIORA, Ester Holding, NextGen, Strato Forex, Lionheart Prime, FX PRO, Teknoloji Anonim Sirketi, ARVIS CAPITAL LIMITED, XM, BTC24. Aggregation with 4 exchanges: Kraken, Poloniex, Bittrex, xBTCe. Moreover, negotiations with several other platforms are underway."
submitted by Kirushi to CryptoCurrency [link] [comments]

So hard to find a broker..

Seriously.. I´ve been with FxPro, they are ok i guess? but still reading some bad reviews about them and being a Cyprus broker is not the best thing either..
So i went with Fxcm tried out their platform with a small deposit, was about to deposit more when i read an email about "Account termination" so apparently they just terminated my account without giving any reasons..
So i check out Oanda where this youtube trader trades.. i read they are a pure market maker.. and i just cant see myself trading knowing they are loosing from my winnings..
Then we have the other 100billion forex brokers, Freshforex, Hotforex, Coldforex, insertrandomnameForex.. Fake reviews, deposit bonuses, ECN, this and that..
Why cant this be easy? I dont need bragging "spreads" "amazing execution speed that beats speed of light" i dont need hot chicks on front page, nor Barcelona sponsorship..
Here i am planning on living of Forex, i´ve solved all the problems after 3 years I have a winning strategy I have a winning mentality Who would have guessed that finding a honest/genuine broker is the Holy Grail..
So far ive only managed to find 1 honest broker(i think), Global Prime from Australia.."We are the only broker in the world where all clients can ask for a trade receipt at any time which shows which liquidity provider took their trade" they seem to have a low key website, no bonuses, or contests..
Other than that there´s Interactive Brokers.. And thats about it..
The other 100000 brokers seem to all have some defect.. Discuss, (Also if you are a profitable trader, and does withdrawals please share your broker)
submitted by greatgreyshark to Forex [link] [comments]

Forex Trading Signals

TheForexCoach is an online training and Forex signal service for the Forex (FX) markets. Our prime focus is on foreign currencies, indices, and commodities. We aim to provide a quality enhancing service to the public who want to earn an additional income by trading in forex. While providing services for risk management, we also want the people to know how to trade safely and responsibly in Forex. https://www.theforexcoach.co.uk/
submitted by agustin098 to u/agustin098 [link] [comments]

Weekly Roundup | Random Chat | Notifications

News roundup for the previous week.
In International news
  1. Chinese in Australia have setup their own safety networks due to lack of police response
  2. China Is Our Last Diplomatic Hope for North Korea
  3. Mass deportation of Chinese from #Fiji in latest offshore crackdown by Beijing: Fijian and Chinese law enforcement agencies arrest 77 in joint operation similar to others carried out in Indonesia and Cambodia
  4. Launch of China- #Malaysia rail link signals stronger ties: China is funding the 620km-long rail link stretching from Tumpat town, near Malaysia's border with Thailand, to Kuantan Port, before cutting through the mountainous central region to Port Klang, Malaysia's busiest port
  5. #Canadians Have Worse Impression Of U.S. Government Than China: Abacus Poll 49% said they had a "very negative" impression of the U.S. 22% for China. Co-author said it was "remarkable" Canadians having more favourable views of China and Russia than of the "passionate defender of individual freedoms"
  6. China hands Trump a win on North Korea crisis
  7. Taiwan calls time on Mongolia and Tibet affairs commission
  8. South Korean's Leader Bluntly Warns U.S. Against Striking North (Apparently not important enough to make it on Google News Headlines)
  9. Fighting for Chinatown
  10. China won’t allow regime change in N. Korea – fmr US diplomat
  11. Ukraine seeks greater presence in China's agro products market
  12. China tells ‘imperfect’ US to mind its own business over religious freedom criticism
  13. Asian Americans Are Targeted For Hate Crimes More Than We Think
  14. The Shanghai Cooperation Organization (#SCO) completed a joint anti-terrorist drill in Russia's Yaroslavl region located northeast of Moscow, Russia's Federal Security Service (FSB) said
  15. Man Gets Sentenced To Life For Killing USC Student From China
  16. Beijing signs deals with Nepal
  17. Chinese universities rise in world university academic rankings
  18. China's New Base in Djibouti to Aid Economic Expansion in #Africa. Currently, China mainly imports minerals and oil from Africa, but its long-term plan is to build factories on the continent and move some of its manufacturing there to take advantage of the cheaper labor and geographic position
  19. Hard-pedaling Soft Power, China Helps Launch $13B Belt and Road Rail Project in #Malaysia: "The ECRL is indeed yet another 'game changer' and a 'mindset changer' for Malaysia as it will significantly cut travel time to and from the east coast of the peninsula," Malaysian Prime Minister said
  20. 'Economic war with China is everything' Steve Bannon got removed (lol)
  21. Chinese Yang Jiayu wins women's 20km race walk at London World Championships
  22. Asian woman says she quit Google due to racial discrimination
  23. Chinese-Americans concerned about new Texas immigration law
  24. Chinese and #African media houses vow to deepen cooperation in information sharing, best practice and training to improve the dissemination of information
  25. #Pakistan, China sign documents to enhance cooperation in the fields of education and infrastructure development
  26. Former Shanghai teacher now a tribal chief in Nigeria
  27. ‘Duterte wants joint exploration with China’ Foreign Affairs Secretary Alan Peter Cayetano said
In Domestic news
  1. Two arrested in 22-year murder case, one suspect award-winning writer, member of Chinese Writers Association [Chinese]
  2. HK Democracy activist Howard Lam, (aka Staples-Tortured Chub), arrested for misleading police over kidnap claim
  3. Sinopec goes big on geothermal
  4. China Launches ‘Special Crackdown’ on Pyramid Schemes
  5. Police may look into mental health of Hong Kong democracy activist Howard Lam after kidnap claim suspecting mental issues and the stapling was an act of self-harm
  6. 1,290 meters! The main construction of the world's longest 3-tower cable-stayed railway bridge has completed in China
  7. Hong Kong activist Joshua Wong jailed over Occupy protests
  8. China is investigating its major social media sites, including Baidu, WeChat and Weibo, for potentially breaching cybersecurity laws
  9. China’s Major Social Platforms to Cooperate With Authorities in #Cybersecurity: Tieba communication platform, the WeChat messenger and Weibo made separate statements earlier in the day declaring their readiness to actively cooperate with the CAC
  10. China Launches World's Largest Floating #Solar Power Plant: over 160,000 solar panels spreading over 86 hectares of water surface, can provide energy for some 15,000 houses annually
In SciTech news
  1. #Nanochemistry meets macrostructures: Chinese scientists report the synthesis of a macroscopic aerogel from carbonitride nanomaterials which is an excellent catalyst for the water-splitting reaction under visible-light irradiation
  2. Light, strong alloy may alter design of aircraft: The nano ceramic aluminum alloy was developed at Shanghai Jiao Tong University. The new material has already been used in the Tiangong-1 and Tiangong-2 space labs, quantum satellites and meteorological satellites
  3. Converting greenhouse gas to value-added syngas takes a big step forward
  4. China to build first #Mars simulation base: Situated at the Qaidam basin in western Qinghai, Haixi was chosen for its Mars-like landform, landscape and climate
  5. Seeking Greater Global Power, China Looks to Robots and Microchips
  6. Earliest-Known Winged #Mammal Relatives Discovered In China: When you think about the Jurassic Period, you probably think of massive dinosaurs. But now scientists say there were also gliders, akin to today's flying squirrels . Maiopatagium furculiferum and Vilevolodon diplomylos
  7. Chinese satellite sends 'hack-proof' message: The #Micius satellite beamed messages to two mountain-top receiving stations 645 km (400 miles) and 1,200 km away. Complicated optics on the Chinese satellite protect messages with entangled photons
  8. New Privacy Mode Added to DJI Drones, US Army Released Memo to Grant Exception to DJI Ban Pending this New Privacy Mode
  9. Scientists have cloned genetically modified piglets that may prove a safe source of organs for transplants into humans. The piglets, born in a lab in Yunnan, do not carry the active infectious viral gene which has impeded the process of pig-to-human transplantation for more than a decade
  10. China to establish intercontinental ‘hack-proof’ #quantum links with Australia, Europe: Further experiments this year will evolve ground stations in Germany and Italy, Pan added, bringing the project closer to the planned Asian-European secure communication network
  11. Woman Becomes First Person to Be Cryopreserved in China
  12. Novel Thruster Design Could Enable Deeper Travel Into Space
  13. China launches brain-imaging factory
  14. Chinese scientists reveal how itch turns into scratch. In a study published in the U.S. journal Science, researchers reported the discovery of a central neural circuit that moves itch signal from the spinal cord to a part of the brainstem called the parabrachial nucleus (PBN).
  15. China pips US to start world’s first meltdown-proof nuclear reactor
  16. China has unveiled the world's first 'unhackable computer network'
  17. 1,069 dancing robots break Guinness World Record in China (VIDEO)
  18. Despite strains, China and the US are top partners in science
  19. Woman saved by pioneering 3D printed spine in China: had to have six consecutive cervical vertebrae replaced because they had been affected by the rare cancer
  20. Chinese Internet majors compete to dominate #ASEAN tech ecosystem: Baidu, Alibaba, Tencent and JD.com – collectively termed BATJ – are leading a wave of investment into Southeast Asia’s venture ecosystem and technology sector
  21. Who Are China's Biggest Fabless Chipmakers?
In Economic news
  1. Spotlight: Bashing China cannot solve U.S. economic problems, experts say
  2. China July FX reserves unexpectedly hit 9-month high on boost from weak dollar: China's forex reserves, the world's largest, rose $24 billion in July to $3.081 trillion
  3. China's Economic Outlook in Six Charts
  4. Fiat Chrysler could be bought by a Chinese automaker If a deal comes to fruition, it would be a big boon for Chinese car companies looking to improve
  5. Industrial “edge cities” have helped China grow
  6. Deng Xiaoping - the world's greatest economist
  7. US formally launches probe of China trade ties
  8. China emerging as Germany's main economic rival
  9. New investment rules to curb China's foreign acquisition binge
  10. How China’s can-do generation will power economic growth
  11. Young Taiwanese choose China jobs over politics
In Military news
  1. What is China’s PLA doing in #Laos? Beijing's 'Train of Peace' mission to provide medical care to Lao armed forces was nominally a goodwill mission but underscored the country's strategic importance to China's plans for Southeast Asia
  2. Russia, China challenging US military dominance: Mattis
  3. China's making major progress with its aircraft carrier tech (Type 002 to have flat top with catapult, Type 003 to be nuclear powered supercarriers)
  4. Think Tank Says Beijing Continuing #SouthChinaSea Construction. Photos of Tree Island demonstrate sizeable expansion of the island’s above-water mass between August 5, 2015, and August 5, 2017. The size of the island increased by roughly 24 acres between during the time period, AMTI said
  5. #Taiwan says Chinese aircraft fly around island in weekend of drills
  6. #Space Standoff: Uncertainty in Militarized Space. If Russian policy towards the American space program is described as unfriendly, then U.S. policy towards China can be described as nothing short of hostile
  7. Construction of China's 2nd #AircraftCarrier for PLAN Progressing Faster than Expected: propulsion system tests are currently underway. The first and third boilers are already on, and the steam turbines will soon follow. Dockside testing could start within the next month
  8. China has announced plans to bolster its maritime #nuclear capabilities with the creation of a major new joint venture project, could provide the catalyst for the development of floating reactors. The new company will also seek to promote the development of nuclear-powered vessels
  9. The #Pentagon’s top general Joe Dunford, chairman of the Joint Chiefs of Staff, said he discussed with his Chinese counterparts ways to coordinate with China’s military to avoid dangerous miscalculations should war break out with North Korea
Other Notables
  1. Adopted to the US, an American teen’s journey in search of her roots
  2. The busiest employee in a warehouse? Meet China-made warehouse robot!
  3. New research blamed increased competition with China for soaring death rates among white, middle aged Americans (lol)?
  4. On the other side of the table: Nepalese commenters on youtube - to Nepal, India is the big bully, loves China, calls for China's protection
  5. Why Nirvana in Fire is the Best Cdrama
  6. July 2017 Study Refutes Earlier Theories of "Increased US White Male Despair / Deaths Due to Loss of Jobs to China" ("Opioids and obesity, not 'despair deaths,' raising mortality rates for white Americans)
  7. China starts work on world's second-largest hydropower station
  8. Vincent Chin was a Chinese American Man beaten to death in 1982 with a baseball bat by two laid off auto-workers who blamed him for losing their jobs because Japanese cars started becoming popular. The men received initial sentences of 3 years probation and no jail time.
  9. Chinese Guy & American Girlfriend React to Racist Fox News Chinatown Segment
  10. Preserving Nanjing's architectural treasures
  11. The King's Woman 秦时丽人明月心 Airs this week
  12. Hollywood chases after Wu Jing as Wolf Warriors 2, a film with $30M budget crosses $700M mark and still rising.
  13. #Taichi is big in China and its influence is spreading globally: China's mega-rich and powerful believe the merits of the gentle exercise boosts not only personal well-being but company profits and transforms corporate cultures
  14. Why My School Teaches Students to Survive on Next to Nothing
  15. Eddie Huang Serves A White Supremacist & Trump Supporter The Facts While They Eat Chinese Food
  16. #Banda Islands: How Chinese traders – and war over an aphrodisiac – led to a multicultural Indonesia. The world’s major powers considered the Banda Islands the key spoil of a spice war hundreds of years ago and it is this bloody past that made the country what it is today
  17. How the ‘Safest Place on Earth’ Can Be More Welcoming to Others
  18. Modern Chinese Architecture: Landscape Design of Suzhou Vanke Great Lake Park
  19. No.66 Lanman Hutong Renovation
  20. RAW: China holds massive day-night live-fire artillery drill
  21. When Hong Kong workmen dug up 2,000-year-old tomb and were all set to demolish it until public’s enthusiasm saved the day
  22. Long awaited Tribes & Empires: Storm of Prophecy confirmed to air on September 25, 2017.
  23. Heads up, our brothers in arms RT channel has amazing series of documentaries on Chinese culture and the new silk road, very beautifully shot.
  24. Any recent documentaries about modern china history that aren't from the western perspective with English subs or audio?
  25. Forgotten ally? China's unsung role in World War II
  26. 81-Year-Old Chinese Husband Serenades Wife In a Coma For Their 54th Anniversary
  27. How Chop Suey Saved San Francisco's Chinatown [Chinese Food: An All-American Cuisine, Pt. 1]
  28. The Untold Story Of America's Southern Chinese [Chinese Food: An All-American Cuisine, Pt. 2]
  29. 5000 thousands years of beauty.
  30. #WolfWarrior2 Crosses $600M In China; No. 6 All-Time Gross In A Single Market
  31. Throwback to when movies used to start with this...
  32. Alright, I know some of us support Trump, but this better not be you (3rd generation Chinese American Neo-Nazi supporter)
  33. Why the Western definition of human rights is an absurd fraud
  34. #WWE Network to Launch in China: Vince McMahon's pro wrestling organization signed a deal with PPTV to offer a subscription video-on-demand service including all live pay-per-view events
  35. Documentary explores the history of astronomy in China
  36. 'Economic war with China is everything': Trump’s chief strategist in candid interview
  37. The Chinese massacre of 1871 in Los Angeles, California. An estimated 17 to 20 Chinese immigrants were tortured and then hanged by the mob, making the event the largest mass lynching in American history.
  38. Chinese Social Political Stability Rests in "Dual Faceted Identity System" (A Model Societal System Analysis based on Recent Rise of White Nationalism in US)
  39. Lu Xiaojun (77) - 170kg/175kg/177kg Snatch Slow Motion
  40. The Surprisingly Important Role China Played in WWI
  41. Chinese Farmer Builds Epic Multi-Story Platform For 'Pig Diving'
  42. Ai Weiwei takes a small break from mocking Chinese government to criticise western society - "Human Flow" documentary film about refugees
  43. Review: Capitalism With Chinese Characteristics
  44. Hollywood hero with Chinese characteristics
  45. BBC calls what Chinese are doing 'exploitation' while the exact same thing done in the west is ignored.
  46. Ancient poetry content in Chinese text books to sharply increase
  47. The Love Affair of Mussolini’s Daughter Edda & Zhang Xueliang, Heroic China Warlord
  48. 57-year-old man grabs gold medals in body building competition
  49. Cambridge University Press pulls articles in China at Beijing’s request
  50. China's Wolf Warriors 2 joins top 100 grossing films worldwide: non-Hollywood film to break into the top 100 all-time grossing movies worldwide. Knocked 1994's "Forrest Gump" from the No 100 spot
  51. 《追捕》 Manhunt (directed by John Woo) International Trailer
  52. Why Nirvana in Fire is the Best Chinese Drama - Part 2/2
  53. Trying to learn more about traditional chinese culture, what can you guys tell me about the color Qing?
  54. Robot introduced to hospital to autofill prescriptions in E. China
  55. Something worth a grin
  56. Story of China’s ancient military might found carved in cliff
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Advantages of Forex Signal in Share Market

Exchanging has advanced hugely over the most recent fifteen years and today anybody can exchange, despite the fact that exchanging is not reasonable for everybody.
While each market has its own particular fascination, the upsides of exchanging Forex are very underrated. We are here to guide you through the primary advantages of this market and supply you with the learning you have to begin exchanging monetary standards on the web.
Forex exchanging has turned out to be generally available inside the most recent couple of decades and these days an ever increasing number of individuals are beginning to ponder what the primary advantages of Forex exchanging are. Some of those individuals know about internet exchanging through stocks, in any case it is fundamental to comprehend the preferences that Forex offers contrasted with the share trading system.
In the event that you are an expert broker, you are most presumably mindful of the fundamental focal points recorded above and you additionally comprehend the dangers required in exchanging FX. However there are other solid purposes of exchanging Forex which you may not think about. Underneath we will highlight the most imperative focuses for individuals with years of exchanging knowledge.
A. Signals :
MetaTrader 4 and MetaTrader 5 are incorporated with MQL Signals, so effective traders can without much of a stretch offer their exchanging signals to any dealer that utilizations MetaTrader programming. Along these lines, ou not just get the opportunity to win your pay from direct exchanging, however you can likewise procure additional wage by implication.
In the event that you have an awesome exchanging methodology that outcomes in positive and predictable outcomes, MQL signals could profit you. This is the biggest commercial center for exchanging signals that has numerous sellers and much more purchasers.
Not at all like most markets, Forex signals let you for all intents and purposes counsel speculators without really getting a permit for these exercises. In the event that you needed to give venture guidance or exchanging signals for stocks, you would be required to get a permit, and this procedure is very expensive. With Forex exchanging you have this open door accessible readily available.
B. Account administration :
Being an expert Forex broker enables you to wind up plainly a record director. The principle contrast amongst signals and record administration is that with signals you are not made up for the volume. As it were, when sending a signal, a man replicating your exchange with $100 and a man with $100,000 pay the same. When dealing with someone's records you can assemble your own adaptable remuneration framework. Such a framework could be founded on the achievement charge, volume or different variables.
Take a gander at Forex account administration as an approach to build the measure of assets accessible for exchanging. Very like exchanging influence, these assets enable you to open bigger arrangements and conceivably accomplish higher increases.
You ought to dependably check with your representative about the particular directions that apply to the utilization of EAs and record administration offers as these may change between locales.
C. Steadfastness programs and rewards :
Most budgetary establishments outside of Forex position themselves as costly specialist organizations. They supply you with non-debatable exchanging conditions and they barely give anything back to the customers. With Forex representatives you can expect a committed record administrator who is dependably there to help and help you.
By it, you are given appealing steadfastness programs that can repay you for each exchange that you make. Also, as a top intermediary, Admiral Markets regularly composes store extra advancements for its customers, so you get the chance to exchange with additional assets provided by us.
With the assistance of extra offers you get higher exchanging capital, while Admiral Markets anticipates that you will accomplish higher volumes. This is really a win-win circumstance, as you can expand your exchanging potential in the interim Admiral Markets gets higher commissions and spreads because of the expanded volume of your exchanges.
As an expert, changing to Forex exchanging is a shrewd stride. You will get the greater part of the required support and direction from record chiefs and will have the capacity to develop yourself into a signal supplier or an exchanging account supervisor, and you will have the capacity to get additional wage from your exchanging. The Forex market is effectively open and our expert Prime records begin just at 1,000 USD, so don't dither to apply for a record now.
Forex has bunches of additional items to offer and exchanging it will demonstrate to you a radical new universe of exchanging – a world where innovation has no restrictions. To speed up your request situation, with Admiral Markets, you can get to an upgraded form of MetaTrader 4 - The MT4 Supreme Edition. Simply make sure to test your systems in a hazard free condition first before taking a plunge.
For more details: https://play.google.com/store/apps/details?id=com.signalstrading&hl=en
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Financial Times: Trader transcripts: 'If you ain’t cheating, you ain’t trying' -

Financial Times: Trader transcripts: 'If you ain’t cheating, you ain’t trying'
May 20, 2015
They were known as the “Cartel” or the “Mafia” among their peers. The unsubtle nicknames were given to a group of traders who at one time worked for five of the six banks that reached settlements on Wednesday with regulators over allegations they rigged the foreign exchange markets.
Transcripts from chatrooms used by those traders and others as they attempted to manipulate forex benchmarks and engaged in misleading sales practices towards their clients were published as part of the settlements.
Below is a selection of the exchanges (including original punctuation) from the settlements between Barclays and the New York State Department of Financial Services and the UK’s Financial Conduct Authority:
● Membership of the chatroom used by the “Cartel” was by invitation only. The FT has previously named the members of the “Cartel” as Rohan Ramchandani, Citi’s European head of spot trading, and Richard Usher, who moved from RBS to become JPMorgan’s chief currency dealer in London, and Matt Gardiner, who was at Barclays before joining UBS.
One Barclays trader, Chris Ashton, was desperate to join the chatroom when he became the bank’s main euro trader in 2011. After discussions as to whether the trader “would add value”, he was invited to join for a one-month “trial” but was warned by Mr Ramchandani: “Mess this up and sleep with one eye open at night.” Mr Ashton passed his “trial” and remained in the chatroom until it was shut down at some point in 2012.
● Traders used various strategies to try to manipulate fix rates, according to the NYDFS.
One method, known as “building ammo”, involved one trader building a large position in a currency and then unloading it just before or during the “fixing period” — a short period of time during which an average price is produced, at which large client transactions are executed — in an attempt to move the price favourably.
On January 6 2012, the head of Barclays’ FX spot desk in London attempted to manipulate the reference rate set by the European Central Bank by unloading €500m at the time of the fix. He wrote in the Cartel chatroom “I saved 500 for last second” and in another, “i had 500 to jam it.”
Another method was for traders at rival banks to agree to stay out of each other’s way at the time of the fix.
In one example, from June 2011, a Barclays trader told a counterpart at HSBC that another trader was building orders to execute at the fix contrary to HSBC’s orders. But the Barclays trader assisted HSBC by executing trades ahead of the fix to decrease the other trader’s orders. He wrote: “He paid me for 186 . . . so shioud have giot rid of main buyer for u.”
In another chat in December 2011, a Barclays trader told another at Citigroup: “If u bigger. He will step out of the way . . . We gonna help u.”
In the another example, traders in the US dollar-Brazilian real market colluded to manipulate it by agreeing to boycott local brokers to drive down competition. In October 2009, a trader at Royal Bank of Canada wrote: “everybody is in agreement in not accepting a local player as a broker?” A Barclays forex trader replied: “yes, the less competition the better.”
● Then there were numerous occasions, according to the NYDFS, from at least 2008 to 2014 when Barclays employees on the forex sales team engaged in misleading sales practices with clients by applying “hard mark-ups” to the prices that traders gave the sales team.
The level of mark-up was determined by calculating the best rate for Barclays that would not lead the client to question whether executing the transaction with the bank was a good idea.
One Barclays forex salesperson wrote in a chat to an employee at another bank in December 2009: “hard mark up is key . . . but i was taught early . . . u dont have clients . . . u dont make money . . . so dont be stupid.”
These mark-ups were a key source of revenue to Barclays, and generating them was made a high priority for sales managers. As a Barclays’ vice-president in New York (who later became co-head of UK FX hedge fund sales) wrote in a November 2010 chat: “markup is making sure you make the right decision on price . . . which is whats the worst price i can put on this where the customers decision to trade with me or give me future business doesn’t change . . . if you aint cheating, you aint trying.”
● In the FCA settlement, the regulator details an exchange between traders at Barclays and three other firms, refered to as X, Y and Z. Barclays was trying to trigger a client stop-loss order to buy £77m at a rate of 95 against another currency. If it could trigger the order, it would result in Barclays selling £77m to its client and the bank would profit it the average rate at which the bank had bought sterling in the market was below the rate at which the client had agreed to buy it.
In one exchange, firm X asked Barclays and firms Y and Z if they had any stop-loss orders — “u got...stops?” Barclays replied to say it had one for “80 quid” at a level of 95 and noted it was “primed like a coiled cobra...concentrating so hard...[as if] made of wax...[haven’t] even blinked”.
● While most of the settlements concerned manipulation of foreign exchange benchmarks, UBS inked a deal with the US Department of Justice in which it agreed to plead guilty to rigging Libor.
In once example, a broker commented to a UBS trader after a Yen Libor fix on June 10 2009: “mate yur getting bloody good at this libor game . . . think of me when yur on yur yacht in monaco wont yu”
In another conversation with a UBS trader after a Libor Yen fix on August 22 2008, a broker, identified as A1, commented about another broker, A2: “think [broker-A2] is your best broker in terms of value added :-)”.
The trader replied: “yeah . . . i reckon i owe him a lot more”, to which broker-A1 responded: “he’s ok with an annual champagne shipment, a few [drinking sessions] with [his supervisor] and a small bonus every now and then.”
submitted by wazzzzah to inthenews [link] [comments]

My FX Prime Brokerage is Important - YouTube FX Networks - YouTube LPs, PBs, WTF? Liquidity aggregation explained Auvoria Prime - Full Overview #Forex Zurich Prime- Online trading and investment

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My FX Prime Brokerage is Important - YouTube

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