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Recently the total number of cryptocurrencies surpassed the 2,000 mark, indicating market capitalization of around $200 billion. While it is true that a slew of cryptocurrencies have been developed and made available to the public in last year only, the fact remains that there is still a hint of uncertainty and unreliability that surrounds it, discouraging investors from diving into this thriving technology.

For example, JP Morgan’s CEO Jamie Dimon in September 2017, called Bitcoin a “fraud”. He went on and claimed that if any one of his employees is found trading the famous cryptocurrency, he would fire them. While this comment was made quite a while ago, overtime, it seems Dimon’s opinions haven’t swayed, as recently he claimed that he doesn’t really care about Bitcoin. Be as it may, JP Morgan continues to invest in the underlying technology of cryptocurrency: blockchain.

But cryptocurrency has received its fair share of contrasting opinions. While on one hand you hear Jamie Dimon label bitcoin as a scam, on the other hand you have the ex-CEO of Barclays, Anthony Jenkins who has nothing but praise for the flourishing technology. He claims that in this day and age, with the ever-growing technology, it is essential for companies to steer clear of being faded into oblivion by accepting and incorporating new and promising industry technologies. He went on and gave the example of Kodak – the well-reputed photography company that failed to cope up with the evolving technology that took the photography industry by storm. Its downfall can be attributed to the time when digital cameras came into being and when their widespread acceptance started. Jenkins has said: “This is just in the footprints of what’s going to happen here. As these technologies season and develop, we can imagine total transformation of the banking system, using blockchain for example, in a world where banks don’t really exist anymore.”

This goes to show the direness of accepting new technologies, not just AI and blockchain but cryptocurrency as well.

Cryptocurrency also plays an important role when it comes to raising capital for the operations of a company. Since these days the trend of raising funds by businesses are changing, there exists a divide between companies. While some are tapping traditional methods, some are resorting to ICOs. Bear in mind though, ICOs are not similar to crowdfunding. While crowdfunding relies heavily on the generosity of investors in exchange for products, ICOs work differently. Unlike crowdfunding which offers a service or a product, ICOs work when companies offer digital coins either made by the company itself or related to it, in exchange for other, more popular digital currencies such Bitcoin or Ethereum. Investors do this in the hope that these new and upcoming cryptocurrencies will breakthrough, providing them an influx of profit. Investors do this for startups they actually believe in or see potential or growth. ICOs have enabled companies to earn as much as a million dollars and that too, in the span of a day.

If you have looked into cryptocurrency enough, then it is quite likely that you are aware of the IOTA ICO use case. IOTA is a platform which solves major issues such as scalability and transaction fees faced by well-reputed cryptocurrencies like bitcoin and ethereum by fully decentralizing the entire ledger and establishing a zero-fee transaction process. The initial coin offering was initiated by IOTA in November 2015, and just a month later, in December 2015 it managed to raise as much as $400,000.

A takeaway for the success of IOTA is that innovative projects that seem promising to investors actually work and bring in funding that can in its true meaning fuel the growth of an organization.

Another evidence that adds to the promising future of cryptocurrency is the recent no-action letter for cryptocurrency cleared by SEC. The U.S. Securities and Exchange Commission issued its first every no-action letter and crypto evangelists can’t help but laud this act.

TurnKey Jet, which is a startup and has launched its own cryptocurrency like bitcoin in order to raise capital to fuel its operations. The startup basically offers private jet services with every necessary element needed to fly from once place to another, inclusive; be it the pilot, crew or the plane itself.

Now with the help of the no-action letter provided by SEC, this Florida-based startup is free to sell its TJK tokens to enable customers to book their private jets with ease. The lawyer of Turkey Jet, James Curry describes the process to be long but rewarding. He went about the process by ensuring that Turnkey Jet was a regulated company so that the no-action letter can not be denied to them on the basis of regulations.

Why TurnKey Jet opted for token, anyway?

Banking hours are a hurdle for people when it comes to transferring money at odd times. Curry explained that rich guys have the money ready to be transferred, but banking hours become a hindrance for them. So, with a token, customers are able to pre-book their jets, without having to stick to the schedules of banks. In addition to that, depending on the value of the token, pre-purchasing it could save some money of the customer. So, the limitations provided by banks were quite a few, and TurnKey Jet basically filled up the market gap by providing a liable solution for customers and empowering them.

Cryptocurrency continues to benefit its investors and TurnKey Jet is just one example out of the slew of use cases that have been put forth ever since the inception of this kind of digital money. Like the ex-CEO of Barclays Anthony Jenkins, we would also recommend you to look into options to bring about an advancement into your cooperation to not only cater to the problems of your customers but also make things easier for your own business. If you set out to make your company as regulated as TurnKey, chances are you will also get the no-action letter by the U.S. Securities and Exchange Commission making the process of raising money for your company a cakewalk

The post What Does the Future Hold for Cryptocurrency? appeared first on Fuad Ahmed.

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Since the beginning of time, liquidity has been a crucial aspect for all businesses. An organization can be really prosperous, however in the absence of adequate liquid assets it could come face to face with financial crises quite easily. When we often come across the term bankruptcy, the mention of lack of liquid assets is not too far away. Most of us have heard of well-reputed companies getting wiped out of the market due to their lack of the ability to pay off debt or creditors in the absence of liquid assets (just as the financial crises of 2008).

A global example of this is the European country Greece. Regardless of how beautiful it is, and how tourism continues to thrive there, the lack of liquidity has hit its economy. In fact, had it not been for the support of the European Union to provide it with additional liquidity, the country would have tanked in no time. Regardless of all the help already provided by the EU which keeps Greece afloat, there is still a chance for it to lag behind on the payment of its debt to the IMF, which will propel the country but only towards bankruptcy.

So hopefully by now, you have a little idea about the importance of liquidity. Based on the points put forth by Fuad Ahmed, we will be explaining in detail as to why liquidity is important in the forex market and to a forex trader.

What is liquidity?

Allow us to elucidate with an example: if during an important quiz, the whole class had only one book to prepare from, how long would it take for all the students to get ready for the test? The demand for that book would surpass the demand of any other commodity. In simpler terms, we are witnessing a book market with no books!

So, to be brief: Liquidity is the current demand for a commodity or a service. Think about how fast can you sell your computer? Or how quickly can you sell your designer bag and turn it into cash?  So, when we are referring to liquidity in the financial market, we are talking about the ability of an asset to turn into cash quickly. Some assets are more often than not known for their liquidity. Take the example of US bonds. They can easily be sold and bought by anyone, regardless of their geographical location. However, in contrast, Greek bonds aren’t sold as easily as the US bonds because there is an everlasting fear of the country going bankrupt which is why people hesitate to invest. So, if we extend this example to forex, we’d have to say the same goes for currencies. While some tend to be easily bought and sold, there are others that have a difficult time being traded. For example, if you are going to a third-world country and you can’t find its currency in your own country, you’d exchange your own currency into USD. When you do get to the country you were travelling to, you can simply exchange the US dollars you have for the native currency. This goes to show how liquid and readily available the US dollar is, which is why it is one of the most liquid currencies in the world.

Signs of liquidity

Even though the stock exchanges can easily be termed as the most liquid market, it is not always the case. The reason is because during uncertain events or off hours, investors tend to close their positions, thus causing the market prices to move very rapidly.

Although at times you can notice gaps in the forex market as well, they are usually not as prevalent as in the stocks market. However, the most typical indicator of inspecting liquidity in the forex market is to keep an eye on the long candles that occur in a relatively short period of time.

One such event that we want to shed light on happened a few years ago when the 1.20 peg from EUR/CHF was eliminated, which led to the fall of the currency pair by 40 cents in the matter of a couple of seconds as investors withdrew their investment from EUR/CHF pair. This indicated that a liquidity hole led to major downfall in CHF pairs.

In the forex market all of the participants play a crucial role in determining the liquidity. However, individually there are some banks that are perhaps more important than the rest. These are commonly referred to as Tier 1 liquidity providers and comprise of banks such as Deutsche bank, HSBC, Barclays, etc.

Importance of liquidity for a forex trader

Forex market is perhaps the biggest example of a decentralized market that operates without having a physical location. Even though the Frankfurt exchange floor is a popular location where forex exchanges occur, it accounts for a negligible portion of the total trades made. So typically, the forex trades are made electronically. If we take into account the record onwards April 2013, it is estimated that everyday an approximate amount of $5.3 trillion is traded on a daily basis. This fact goes to show the liquidity that is associated with the forex market.

The importance of liquidity for a forex trader comes into play because due to this liquidity a trader can make use of the mechanical trading systems, which has led to the popularity of algorithmic trading.

Since a liquid market follows patterns and trends it is more logical and easier to comprehend. Also, because the liquidity holes in this type of market are scarce, the chances of you occurring a huge loss are significantly minimized. So, unlike in the stocks market, you can make use of different strategies to optimize your profits. Nowadays, there are also platforms readily available for this purpose, which allow you to carry out your trades with even more ease. This is perhaps one of the reasons why we see a huge volume of traders leaning towards the forex market.

The post How Important Liquidity Actually is for a Forex Trader appeared first on Fuad Ahmed.

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IBM’s crypto chief Jesse Lund is optimistic about the potential of cryptocurrency. In fact, his optimism led him to claim in an interview on the 20th of February, that the price of bitcoin will hit $1 million. Lund also suggested that the higher the price of a crypto asset is, the more profitable it will be. This claim is an insinuation towards the fact that people should pay more attention to the utility of crypto assets rather than merely focusing on its moving price. Since, speculators are perceiving the value of bitcoin incorrectly, its price is being negatively impacted. CEO of BitPay also backed the theory of speculators hurting the price of bitcoin.

Moving on, later when Lund was inquired about the expected price bitcoin will reach on the New Year’s Eve, he declared that he foresees the price to hit $5,000, albeit, his future prediction is quite different.

 

“I have a long-term outlook. […] It goes back to that discussion about the utility of the network with a higher price. I see Bitcoin at a million dollars someday. I like that number because if Bitcoin’s at a million dollars, then the Satoshi is on value parity with the US penny. And that means there’s over $20 trillion of liquidity in this network. Think about $20 trillion in liquidity and how that changes things like corporate payments.”

According to the insight Lund has shed light on, we can conclude that once the price of bitcoin gets high enough, financial institutions will start taking it more seriously, providing bitcoin with a massive influx of investment.

The key takeaway from this statement is that it’s not the norm for a notable personality from the old-world of technology to forecast such a massive price. This sure says a lot about the potential of cryptocurrency. However, since bitcoin’s price plunged last year, taking a dip on a 10-minute article to make investment decisions is the fast track to losing money. So, let’s take a look at evidences put forth by Fuad Ahmed that actually speak volumes in favor of the statement given by Jesse Lund, and suggest that even though last year wasn’t fruitful, the upcoming years will be profitable for bitcoin.

1. Widespread institutional adoption

Ever since the doubts pertaining to the long-term validity of cryptocurrency have been lain to rest, plenty of industries have stepped in the cryptocurrency space. While, there are plenty of big-name companies that have gotten involved in cryptocurrency, one of those big names consist of Fidelity. Fidelity is a well-reputed financial services organization whose assets totaled $2.5 trillion in March 2018. The important thing to notice here is that the trillion-dollar corperation inaugurated Fidelity Digital Assets in October 2018, which led to a groundbreaking rise in the demand of bitcoin and ethereum. In addition to that, the CEO of the establishment, Tom Jessop is considering setting up a startup which will be backed by other cryptocurrencies depending on their potential and worth.

Apart from that, technological visionaries like Morgan Stanley are of the view that in the upcoming years, cryptocurrency will definitely see a surge and it is basically the future of currencies.

2. Development of Security Token Offerings (STOs)

Security Token Offerings are quite promising. In fact, they are the next big-thing in the crypto space after ICOs. Yes, ICOs faced a downfall after the security concerns people were facing. However, STOs don’t have safety problems associated with them.

STOs are actually used to tap into the larger industry. Unlike ICOs, STOs represent a stake. So, the investors in STOs would actually end up owning a portion of a company. STOs are expected to gain attention of a pool of investors this year, giving cryptocurrency a boost.

3. Advancements in the lightening network

Ten years ago, when Bitcoin was brought to the limelight by inventor Satoshi Nakamoto, the main concern of investors was its scalability. In 2018, ten years later, this problem still didn’t see any solutions. So, what does scalability exactly mean? Well, ever since the inception of bitcoin, it has only been able to process maximum 7 transactions per second. While, initially when the number of transactions was low, this number wasn’t that big of a problem. However, now that more people are adopting it and the number of transactions have increased, the scalability has become a problem. The persistence of this problem would mean that bitcoin wouldn’t be able to give competition to other players in the market such as Visa or Mastercard that handle up to 24,000 transactions per second. That number is way higher than what bitcoin currently offers, however that is bound to change. With developments in the lightening network, the number of transactions bitcoin carries out per second are expected to increase significantly to a point where it can give competition to its competitors such as Visa.

4. Bitcoin Halvening 2020

If you are a cryptocurrency evangelist then it is unlikely for you to be unaware of the bitcoin halvening of 2016, which surged in December 2017, reaching a record-breaking price of $19,000. Visionaries expect the price of bitcoin to gradually increase as it reaches halvening of 2020. So basically, it is only a matter of time before the massive price of bitcoin is unveiled.

Final Words:

IBM’s crypto chief added a lot of credibility to the prominence of bitcoin. Even though, the last year was uncertain for this cryptocurrency, it is bound to see new heights in the upcoming years. Since we believe it is a risky proposition to dive in head-first in a growing financial trend, we have compiled four reasons why we expect bitcoin prices to rise and reach an astounding $1 million mark. Although, it is debatable whether we will be seeing such a rise in bitcoin’s price in the upcoming months, this is bound to happen sooner or later.

The key takeaway here is that since bitcoin halvening 2020 is coming up, it is a great time for visionaries to invest in bitcoin.

The post IBM Sets Massive Bitcoin Price Target – Reasons Why the Million Dollar Price Isn’t Far-Fetched by Fuad Ahmed appeared first on Fuad Ahmed.

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It is quite difficult for traditional investors to not get carried away on a wave of FOMO (fear of missing out) when they hear the chatter that surrounds cryptocurrency. However, investing in this market without prior knowledge and research can be a risky proposition and it can end up making you suffer. So today, Fuad Ahmed, has a few tips that he wants to pay forward to help newbies learn and develop their skills in this field. So, here are 10 of his top tips when it comes to investing in cryptocurrency.

1. Follow the news

The smartest way to start operating in the cryptocurrency market is to start following the news religiously. The thing about crypto market is that since it is still nascent and there are plenty of developments happening every day. These developments can either skyrocket your investment or completely tank it. So, it is crucial to stay updated on the news that could impact your investment.

Start off by building up a list of resources that you can rely on for instant insights.

2. Take it slow

Just because an industry is taking off, you can’t dive into it blindly and put all your life’s savings on the line. Experts such as Tim Draper suggests that it is wiser to get involved only a little bit at a time. So, the most preferable way to invest in cryptocurrency would be to purchase a small amount of it at a time. This will not only reduce the risk of losing a lot of money but it will also ensure that you can learn practically about the discipline. There are examples of a lot of people who thought they understood the market right off the bat, but they only ended up losing a major portion of their investment.

So, to avoid bearing the brunt of such problems, take baby steps and only invest when you are sure about the outcome being in your favor.

3. Shirk away from the noise

On one side, cryptocurrency skeptics preach that it is merely a fad and the hype surrounding it is unnecessary, which is why people shouldn’t invest into it. Whereas, on the other side, crypto evangelists predict the most fruitful outcomes of it and hearing them talk almost makes you feel that the grass is always green on that side.

So, as you might have probably judged by now, the two sides are at opposite extremes. Our advice to you would be to ignore the noise from both sides and only take logical decisions which are free from any personal or outsider bias. In regards to the noise, the Satis Group predicted that it is bound to increase in the upcoming months. So, investors’ best bet is to trust their instincts and put their money in what the believe will take off.

4. Hope for the best but brace yourself for the worst

One word that is ubiquitous in the crypto market is ‘uncertain’, and uncertain the crypto market is. Before entering the industry, you have to mentally prepare yourself for what can unfold. You might face some really unfavorable outcomes but truth be told, you can minimize adverse results by a little practice and experience. However, initially it won’t be easy to ignore the risks associated with the crypto market, so be sure to brace yourself for that. A little perseverance and grit will take you places.

5. Ignore bad trade or investment strategies

A problem faced by plenty of investors in the crypto circle is that they often find themselves talked into following the advice of self-proclaimed gurus that do nothing, except get them on a fast track to losing all their money. When you do come across such individuals, be sure to take their advice with a grain of salt and come to a decision logically.

6. Do your research

In today’s digital age, pretty much every information is on the web. So, it’d be ignorant to not look at the research and get talked into making trades which would only make you incur a huge loss. If you are considering purchasing a particular coin, scour the web for its relevant whitepapers. So, just like having GPS in your vehicle, be prepared as an investor in the crypto world by doing your research.

Be sure to look at the facts regarding how a particular coin operates or makes money. If you can’t find this information, then we would recommend you to look for another coin to invest your money in and shirk away from the shady investment opportunities which appear to be a bluff.

7. Don’t put all your eggs in one basket

By this point, we mean that diversification is the key to success and by having enough options to reap a profit on your investment, you will reduce your chances of incurring a loss. So, instead of just having blind faith in one kind of coin, do your research about enough coins and then put money in the most viable options which will likely bring you a return.

This way you will also have diverse information about the market.

8. Create an alternative email address

This is a proactive measure you can take to protect your data. Using your personal email to make investments can lead to data breach and you should at all times take measures that will minimize the risk of it.

Ensure that your email address has the two-factor authentication in place to provide additional security.

9. Learn about both the hot and cold wallets

Cryptocurrency can be stored on two platforms which are termed as the hot and cold wallets. Hot wallet is the online facility where cryptocurrency can be stored, whereas cold wallet is the offline facility to store cryptocurrency. Hot wallet is considered to be the more viable option because of its convenience. But cold wallets are much safer as they have a low risk of getting hacked. So, choose either one of the wallets according to your preference.

10. Be vigilant around mobile wallets

Trading cryptocurrency via mobile wallets has a great risk associated with it. Even though it is way more convenient than opening up your laptop to trade, convenience should not be more important than safety.

Final Words:

By now, we hope you have an idea of how you can go about investing into cryptocurrency. It may seem tricky but once you get a hang of things, you will find it quite easy to understand.

The post 10 Tips to Know Before Investing into Cryptocurrency appeared first on Fuad Ahmed.

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Whether you are a rookie or an expert at trading, the forex market regardless of your level of success can be a formidable competitor. Therefore, most FX traders rely on forex tools to carry out their trading decisions in order for them to end up at the right side of the movements in the market. These tools enable traders to propel ahead of their competitors and reach a level of excellence which otherwise would have been achieved by investing a lot of time. And as we know “Time is money”, it is especially true for the forex market. So, to optimize your time and resources in a smart way, and unlock massive value for yourself in this industry, it is recommended that you try your hand at the forex trading tools.

The secret to fueling your growth in the forex market through tools is to have the right ones that not only augment your performance when they are used alone but also when they are matched up with other tools. So, you should consider getting a set of tools that are compatible with one another. FX tools can either be purchased or a currency trading expert can provide you with their subscription. This is dependent upon your personal preferences. However, coming up with a list of tools which will be perfect for you is an onerous task. So, if you find yourself in a rut, then worry no more! As today we will be sharing with you a list of tools Fuad Ahmed deems to fruitful and believes that they will enrich your forex strategy by a tenfold while keeping your trading outcomes from coming out awry.

So, without further ado, let’s take a look at the forex trading tools you should consider acquiring to up your trading game.

1. Economic news calendar

No matter which school of thought you follow for placing your trades, looking into the news of a country is absolutely indispensable. A market as dubious as the FX market requires you to be vigilant any time you place a trade. The volatility associated with this market is no secret. However, there are certain times when the market is even more volatile than usual. The reason behind this is more often than not the fundamental announcements that reveal where a particular country stands economically. A few instances are inflation reports, oil prices, banking minutes, etc. The economic news calendar gives traders an unparallel insight into future consensus.

Following the economic news for a forex trader is as important as it is for a non-swimmer to wear a lifejacket while taking a leap from a cliff into the ocean. Shirking from such important information can send traders back to square one with monetary scars as a parting gift.

2. Pip calculation tool

For new entrants in the forex market, it could be a bit tricky to comprehend the price of a foreign currency if one is unaware of the pip valuation system. Wikipedia defines pip as a unit of change in an exchange rate of a currency pair. To simplify, pip indicates the lowest trading unit for a specific currency. It more often than not has a varying price based on the base currency and the counter currency.

The pip calculation tool makes it easier for traders to determine the price of a foreign currency by turning it into the trader’s local currency. If a trader were to calculate this price manually, a single trade would end up costing him a huge amount of time.

3. The currency correlation tool

Since the forex market is comprised of quite a lot of currency pairs, prior to making the trade it is crucial to determine the correlation between the base currency and the counter currency. The correlation can either be positive or negative and in some cases, it is more intense than it is in the rest. If the correlation is negative the tool depicts that the currency pairs will move in opposite directions, however, if it is positive then the tool is suggesting that the price would move in the same direction.

4. Time zone convertor

Forex trading happens globally, which is why when one market closes another one opens up. However, there is a certain time period where the timings of two markets overlap. This is when the market is at its highest activity and liquidity. By harnessing a time zone convertor tool, you will be able to assess the markets that are open and sometimes even reap profit from multiple markets.

5. Trading journal

Last but not the least, one of the handiest tools to give you a grasp over the forex methodologies is your very own personal trading journal. Like we discussed this in the last article, Fuad Ahmed is of the view that the best way to go about the trial and error technique is to analyze the trades you have made, their outcomes and the time and money that was on the line. If you are not using your past experience to progress, then you can stay rest assured that the investment is going in vain. While failures are customary in the forex market, the wisest way to handle them is to learn from them.

Although some traders avoid utilizing a trading journal because they believe it is inconvenient, which is far from the case, online versions of a trading journal are now available since pretty much everything has now gone digital. So, now you don’t have to rely upon the good old pen and paper.

These online journals while reduce the risk of losing important information jotted down in a diary, don’t help you remember information as much as writing down in a diary does. But you should make use of whatever works for you.

Final Words:

With no surefire techniques to make money, it isn’t uncommon for forex traders to be grappling with different practices prevalent in the foreign exchange market. However, every professional needs a set of tools to help him reach an unmatchable level of success and while tools may not guarantee a trader to become a billionaire overnight, they sure help enhance one’s chances of success as a forex trader.

The above list of tools by Fuad Ahmed will help a trader unlock immense value for himself in the FX market.

The post 5 Forex Trading Tools That Every FX Trader Should Harness appeared first on Fuad Ahmed.

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With no turnkey solution, operating in the forex market can be intimidating. Does that mean you won’t be able to make profit? Absolutely not! We have plenty of examples of influential people who, with their perseverance and grit, proved that the forex market can indeed be conquered.

The truth about the forex market is that in addition to just investing money in the market, there are other investments you are expected to make as well to be successful, such as; investment of your time, energy and determination. Ever heard the quote “There is no substitute for hard work” by Thomas Edison? Well, this saying is especially apt for the forex market which generously rewards its dedicated traders.

So, if you’re interested in forex trading and want to reap your fair share of profit, it’s quite likely that you have already scoured the internet looking for the perfect guide to rescue you. However, a dip on a few 5-minute articles with a handful of tips will never be extensive enough to teach you enough about the forex market. Keeping these things in mind, the currency trading expert, Fuad Ahmed, has created an in-depth guide of 4 secrets that will lead to successful forex trading.

1. Preliminary self-assessment

Most people dive head first into the forex market without first giving attention to what works for them and what doesn’t. Doing a preliminary self-assessment is crucial in every walk of life, especially in the forex market considering the level of risk associated with it. So before trading even one cent in the forex market, be sure to learn about yourself. What does this mean? Trading in a forex market is as open ended as it can be, with plenty of methods to choose from and some being more popular than the rest. However, initially giving thought to the popularity of a trading method isn’t imperative as a trader should opt for the method that works best for them.

For example, if you choose to go for a long-term trading method which requires you to keep positions open at night, do you think you’re the kind of person who’d comfortably go to bed, knowing valuable investment is on the line? If not, then such methods will only agitate you to a point where you’ll incur losses. Your best bet in this scenario is to steer clear of methods that will hinder your performance and choose the ones that seemingly work for you.

In case you are still uncertain, then learn through trial and error.

2. Make sure you can trust your broker

Having a credible broker is imperative to becoming a successful forex trader. So, when you go hunting for a broker, keep in mind how important it is to pick the right one and be sure to take adequate time to do your research. Think of choosing a broker as investing in a real estate market. No one goes to a real estate agent and purchases the first property he’s shown. So, apply the same principle here and do an extensive background check and once you have filtered down the pool of candidates, compare the chosen brokers based on the platforms they use and whether those platforms are adequate to optimize the practices you utilize.

Make sure your broker is licensed. However, bear in mind that not every license is credible. There are some offshore licenses which are practically of no use and aren’t going to do you any good. Let’s assume that you get into some sort of trouble with your broker with an offshore license. How do you plan on requesting your money back when you don’t have a legitimate platform to file your complaint at? In truth, just contemplate how troublesome would it be to ask for a reimbursement from an offshore platform while keeping in mind that forex trading is not regulated in every country. If you found yourself horrified at the mere thought of that, ensure beforehand that your broker is licensed by a well-reputed authority such as the Financial Conduct Authority (FCA).

3. Choosing the school of thought

Primarily there are two schools of thought that forex traders revolve around. The first one being the technical school of though based on the idea “The trend is your friend”. The key ideology behind this methodology is the idea that there is always a factor that leads to the movement of price in a certain direction. If price is increasing today, in the absence of other factors it would be unlikely for the price not to increase tomorrow as well. By making use of certain charts and indicators, you can determine the trend of the price.

Second is the fundamental analysis school of thought, according to which the biggest factor determining the price of a currency is the news being broadcasted about its country of origin.  So, if you were utilizing the latter, you’d be looking at yesterday’s news, instead of yesterday’s trend. The pundits of these schools of thought battle for supremacy on which ideology will succeed in the trade.

So, now that you have a clear picture of the two methodologies used by forex traders, choose one that you think will work best for you and be sure to be consistent with it.

4. Maintain a trading journal

With most brokers providing real-time trading records, forex traders shirking from keeping a trading journal is far from an anomaly. However, one drawback of these automated journals is that they don’t catch everything that is required to keep a trader well informed. So, even though some traders avoid keeping a good old journal, there are plenty others that can’t go without maintaining one.

By having a journal, you are able to remember imperative details such as the currency pairs that work best for you, most profitable trade and frequency of past trades. This turns your journal into a personal guidebook, which can be accessed any time you are feeling unsure about making a new trade. Although, using a trading journal is an old school trick, you can’t go wrong with it. By jotting down your goals and trading expectations, you will be able to monitor your progress in a way more constructive manner.

It is a common misconception that trading journals are a lot of work. They are not, if you don’t make them to be. A simple excel sheet or a WordPress blog can do wonders in the pursuit of reaching excellence.

Final Words:

The key to operating in a forex market is to ensure to cut your losses. Although, losing a trade is seemingly the worst thing about making a trade, but it really isn’t, if your loss is manageable, small and insignificant compared to your net worth. If you have found a way to make profit in the forex market, then that’s amazing. However, be sure to look for a strategy to cut your losses to survive in the volatile forex market. For new entrants, the above guide will be the most comprehensive set of tips they will come across in their pursuit of being a successful forex trader.

The post 4 Secrets to Successful Forex Trading by Fuad Ahmed appeared first on Fuad Ahmed.

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Forex traders avoiding the limelight is far from an anomaly, however, there are some of the proficient individuals that have defied all odds and reaped billions of dollars as profit by trading in the forex market so they can’t help but stay in the limelight, being an inspiration for thousands. Their hard work and dedication are an evidence of what can be achieved with a little determination.

To improve your skills and get a better understanding of the forex market, you can look into the paradigms that exist in the practices of these traders and use those strategies to your benefit. These experts have learned things the hard way, so why don’t you put their years of experience to your personal good use.

Like a wise man once said, “if you want to be the best, you must learn from the best”, Fuad Ahmed, the currency trading expert created this list of 3 forex traders to help inspire you to remain headstrong and get your dose of inspiration. While some are more hardworking than others, there is one thing that all of them have in common and that is they lead by example.

George Soros

Scoring the rank number 30 on Forbes’ Ranking of Billionaires all over the world, and having the net worth of $8.3 billion today, George Soros is probably the most flourishing trader the forex market has ever come across.

George Soros was born in Budapest, Hungary on August 12, 1930. He has firsthand experience of World War II. He fled from his war-torn hometown and settled in England to seek refuge. He grew up in London, completed his education there, and graduated with a business degree from London School of Economics. Prior to establishing his own hedge fund, he gained expertise in the financial sector by working at banks.

With the expertise and revenue from his initial year from Double Eagle, Soros shaped his second fund, better known as, Soros Fund Management. Double Eagle was later named Quantum Fund, an establishment that has seen amazing highs in its lifetime. The company almost reaped 24.9 Billion in assets during his presidency. His second fund, the Soros Fund Management proceeded to make revenue of more than $40 Billion if we take into account the funds of last 50 years.

George Soros especially gained a lot of fame after he ended up making as much as $1 billion, and that too, in the matter of a day. Till date he is known as the man who almost broke the Bank of England after he transferred over $10 million outside of the country.

Not only is George Soros generously endowed, he is a charitable person who has donated money at every turn. Research shows that he approximately gave away $7 billion in his lifetime to charity.

Stanley Druckenmiller

Born in Pennsylvania to a middleclass family in 1953, Stanley Druckenmiller has the net worth of $4.8 billion today. Stanley ventured into the investment market in 1977 at Pittsburgh National Bank, where he swiftly moved from just an intern to the lead of the research in merely a year. Spending around 5 years in the investments industry gave Stanley enough experience to start his own organization, which was set up with the name of Duquesne Capital Management. He gained a lot of press from that point on, when he was entitled as the leader of the Dreyfus Fund and went so far as to work under George Soros at the Quantum Fund, contributing in the before-math of the event that caused the Bank of England to break. This accomplishment, earned him a lot of name, close by George Soros, and this popularity increased even further after his name was mentioned in the book “The New Market Wizards” which turned into a huge success.

But then later he went on and resigned from the hedge fund in 2010, referring to reasons that it wasn’t encouraging him to do his best and work to exceed his expectations.  (Up until that point the hedge fund had been rounding up a usual uninterrupted 30% return yearly. Amid the period of his resignation, the organization was purportedly acquiring – 5% in returns.) The organization after this, healed from its losses and brought a little revenue, after which he reverted his customer’s investments and shut the hedge fund, confessing that the process of keeping up with his previous performances and record was taking a toll on him physically and psychologically.

Bill Lipschutz

Bill Lipschutz was born in 1956 and brought up in Farmingdale, New York. While his current net worth is unknown, he was making $300 million a year in circa 1980. He went to Cornell University and graduated with a Bachelor’s degree in Architecture from their expansive arts program, and then further went ahead to get a Bachelor’s certificate from the Johnsons School of Finance which is also in Cornell.

Around the time when he was in college, he acquired assets after his grandma’s passing, $12,000 worth of stock, which he traded in exchange for money. He started investing this cash whenever he had the time. He solely learned as much as he could about the money related markets from the library, and utilized this knowledge to make $250,000 from mere $12,000.

Although, this achievement was sadly brief, as one awful trading choice completely erased all of his profit, he used his mistake as a lesson, and this in turn only made him a better investor in the future.

Lipschutz started working for Salomon Brothers while he was pursuing his MBA, after which he joined the new foreign exchange division. He became a part of the group that Salomon Brothers created for their brokers to learn money trading, and it helped them gain a lot of success.

He decided on an early retirement from Salomon Brothers, however this retirement was short lived as he got out of it and started working with the Hathersage Capital Management as Director of Portfolio Management since 1995.

Final Word:

So those were our 3 top picks out of the famous forex experts. While we believe there are thousands of forex traders that have truly outdone themselves, the works of these 3 are absolutely commendable.

The post Top 3 Forex Traders That You Should Be Following appeared first on Fuad Ahmed.

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Forex traders avoiding the limelight is far from an anomaly, however, there are some of the proficient individuals that have defied all odds and reaped billions of dollars as profit by trading in the forex market so they can’t help but stay in the limelight, being an inspiration for thousands. Their hard work and dedication are an evidence of what can be achieved with a little determination.

To improve your skills and get a better understanding of the forex market, you can look into the paradigms that exist in the practices of these traders and use those strategies to your benefit. These experts have learned things the hard way, so why don’t you put their years of experience to your personal good use.

Like a wise man once said, “if you want to be the best, you must learn from the best”, Fuad Ahmed, the currency trading expert created this list of 3 forex traders to help inspire you to remain headstrong and get your dose of inspiration. While some are more hardworking than others, there is one thing that all of them have in common and that is they lead by example.

George Soros

Scoring the rank number 30 on Forbes’ Ranking of Billionaires all over the world, and having the net worth of $8.3 billion today, George Soros is probably the most flourishing trader the forex market has ever come across.

George Soros was born in Budapest, Hungary on August 12, 1930. He has firsthand experience of World War II. He fled from his war-torn hometown and settled in England to seek refuge. He grew up in London, completed his education there, and graduated with a business degree from London School of Economics. Prior to establishing his own hedge fund, he gained expertise in the financial sector by working at banks.

With the expertise and revenue from his initial year from Double Eagle, Soros shaped his second fund, better known as, Soros Fund Management. Double Eagle was later named Quantum Fund, an establishment that has seen amazing highs in its lifetime. The company almost reaped 24.9 Billion in assets during his presidency. His second fund, the Soros Fund Management proceeded to make revenue of more than $40 Billion if we take into account the funds of last 50 years.

George Soros especially gained a lot of fame after he ended up making as much as $1 billion, and that too, in the matter of a day. Till date he is known as the man who almost broke the Bank of England after he transferred over $10 million outside of the country.

Not only is George Soros generously endowed, he is a charitable person who has donated money at every turn. Research shows that he approximately gave away $7 billion in his lifetime to charity.

Stanley Druckenmiller

Born in Pennsylvania to a middleclass family in 1953, Stanley Druckenmiller has the net worth of $4.8 billion today. Stanley ventured into the investment market in 1977 at Pittsburgh National Bank, where he swiftly moved from just an intern to the lead of the research in merely a year. Spending around 5 years in the investments industry gave Stanley enough experience to start his own organization, which was set up with the name of Duquesne Capital Management. He gained a lot of press from that point on, when he was entitled as the leader of the Dreyfus Fund and went so far as to work under George Soros at the Quantum Fund, contributing in the before-math of the event that caused the Bank of England to break. This accomplishment, earned him a lot of name, close by George Soros, and this popularity increased even further after his name was mentioned in the book “The New Market Wizards” which turned into a huge success.

But then later he went on and resigned from the hedge fund in 2010, referring to reasons that it wasn’t encouraging him to do his best and work to exceed his expectations.  (Up until that point the hedge fund had been rounding up a usual uninterrupted 30% return yearly. Amid the period of his resignation, the organization was purportedly acquiring – 5% in returns.) The organization after this, healed from its losses and brought a little revenue, after which he reverted his customer’s investments and shut the hedge fund, confessing that the process of keeping up with his previous performances and record was taking a toll on him physically and psychologically.

Bill Lipschutz

Bill Lipschutz was born in 1956 and brought up in Farmingdale, New York. While his current net worth is unknown, he was making $300 million a year in circa 1980. He went to Cornell University and graduated with a Bachelor’s degree in Architecture from their expansive arts program, and then further went ahead to get a Bachelor’s certificate from the Johnsons School of Finance which is also in Cornell.

Around the time when he was in college, he acquired assets after his grandma’s passing, $12,000 worth of stock, which he traded in exchange for money. He started investing this cash whenever he had the time. He solely learned as much as he could about the money related markets from the library, and utilized this knowledge to make $250,000 from mere $12,000.

Although, this achievement was sadly brief, as one awful trading choice completely erased all of his profit, he used his mistake as a lesson, and this in turn only made him a better investor in the future.

Lipschutz started working for Salomon Brothers while he was pursuing his MBA, after which he joined the new foreign exchange division. He became a part of the group that Salomon Brothers created for their brokers to learn money trading, and it helped them gain a lot of success.

He decided on an early retirement from Salomon Brothers, however this retirement was short lived as he got out of it and started working with the Hathersage Capital Management as Director of Portfolio Management since 1995.

Final Word:

So those were our 3 top picks out of the famous forex experts. While we believe there are thousands of forex traders that have truly outdone themselves, the works of these 3 are absolutely commendable.

The post Top 3 Forex Traders That You Should Be Following appeared first on Fuad Ahmed.

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The forex market is perhaps the easiest market to access. This easy entrance feature has attracted a heap of people towards it which is one of the reasons why it is almost saturated. However, not all the people who operate in the forex market have become successful in mastering it. This is probably the reason why new entrants don’t end up getting a return on their investment and end up avoiding the market altogether.

However, by doing a little bit of research we have found out that newcomers tend to make mistakes which can easily be omitted with a little guidance. So, if you are considering jumping into the forex market, then don’t dive headfirst without hearing Fuad Ahmed share a few mistakes that could be avoided.

1. Opting for the wrong platform

To start off your journey in the forex market on a well-established note, it is crucial to first invest in a platform that is deemed as reliable and competent to carry out forex practices. Often times forex newbies are conned into buying an inadequate platform which only ends up slowing them down.

Signs of a good forex trading platform are but not limited to; a choice to experiment with different trading symbols, news keeping you updated about the fluctuations in the forex market, educational resources to keep you on top of your game, etc.

While choosing a forex platform, also check whether it has the option of trading exotic currency pairs or not, as most brokers limit you from trading a particular kind of currency pair which becomes restrictive if your platform doesn’t have a variety of options to choose from.

Prior to purchasing a platform, also make sure you are aware of their policies and what they charge for trades. This is an important thing to keep in mind which should be in the priority of things to initially inquire.

2. Putting a lot on the line

New entrants of the forex market are on cloud 9 after signing up because they have a preconceived notion that they will end up making billions. However, any person who has experience in the forex market knows what an illusion that is. Similarly, newbies bet a huge amount of money on a trade and more often than not end up losing, which, as you guessed it, shatters their illusion. Most people stop functioning in the market altogether due to this huge loss incurred whereas some become completely reluctant.

A good way to approach the forex market is to diligently invest only 2% of your capital on a trade. The amount may seem small but imagine losing that 2%. Would it still seem small then? This way, you can really limit how much you lose and gradually learn the basics of a forex market.

Think of it this way, if you trade 25% of your capital, you would have to get double return on your investment, just to break even! Sustaining in an ever-fluctuating market such as the forex market is not easy if you will be taking such huge risks, especially, if you are just starting out.

Another upside of investing only a little money initially is that you will be able to stay calm even if you lose the first few trades. This will additionally keep you from closing positions too soon out of anxiety since you won’t have much to lose and you wouldn’t panic.

3. Sticking to the day trading mentality

Plenty of forex entrants tend to fully overlook longer time frames. They focus on becoming a day trader, completely forgetting that longer time frames show a clearer picture of a currency’s trend. In fact, the more consistent a trend is, the stronger it would be.

A glance at a 10-minute chart is not going to give you as much insight as a daily, four-hourly or hourly chart will give you. Although, it is quite alright to operate on short-term trades, bear in mind that you have to be a lot more experienced and smarter about your moves with your short-term trades as opposed to long-term trades.

We would suggest you to operate in the longer trades initially to keeps risks at bay and avoid losing money.

Additionally, your trades could also be subjected to noise which occur because of price manipulation by big enterprises and companies. So, in such cases, long-term trades will provide a much-needed safety net for you.

4. Trading without a stop loss

We can’t stress enough how important it is to take preventive measures while making a trade. A stop loss basically gets you out of a trade if the price doesn’t move in your favor and you are about to incur a loss. Simply said, if the price moves in the opposite direction then there is no reason to stay in a trade. This is your cue to move on to a new trade.

Apply stop loss as soon as you make a trade. If you haven’t applied stop loss then nothing is going to shield you from an upcoming loss.

5. Being too quickly affected by news

It is evident that currency pairs move up or down depending on the news. However, it isn’t a clever strategy to predetermine the direction it will move in and set a position even before it is advertised. This means that you could lose a trade within minutes of the news being released which will put you in jeopardy. While it is good to be proactive, in this case it is advised for you to be calm and clearly introspect whether placing a trade in this scenario would be beneficial or not.

Final Words:

The forex market can help you earn a decent amount of money, however, such success in foreign exchange is only acquired with diligence and patience. By now, you may have figured out that forex market isn’t as easy as people have made it out to be. But you can always educate yourself and learn about it with a little practice.

The post 5 Rookie Forex Trading Mistakes That Will Cost You appeared first on Fuad Ahmed.

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With skepticism surrounding the credibility of cryptocurrency now overcome, the market has stepped ahead from being in the acceptance stage to the stage of mainstream application. One of the factors through which this is illustrated is with the security feature that it provides which is not only unbreachable but unmatchable too. However, this is just one factor out of the pool of features which cryptocurrency provides its users with. Another factor that we feel should be mentioned here is that numerous goods can be traded over it. However, over the past couple of years the waters of cryptocurrency have been anything but steady. Not many brokers felt patient swimming in these unsteady waters, but investors at large believe that cryptocurrency is the currency of the future and even though it is fluctuating now, it is going to see more stable times in the future.

Most real estate agents are realizing the potential of cryptocurrency in international property markets. An international real estate platform which goes by the name of Propy powered by blockchain creates a space for brokers, sellers and buyers to come together and take part in international selling and purchasing of property. The platform Propy has created is quite applaudable as it is an attempt to ease the barriers that come in the way of purchasing property abroad. With Propy the traditional problems that are faced by people like transferring the money abroad to purchase property and credibility of the seller have lain to rest. Previously, it was never the norm to buy high value assets such as property through digital currency, and nor people would make such deals without having a face to face interaction first, however, with the help of blockchain that has been changed.

With a little help from smart contracts, tangible assets such as land and houses can be tokenized and easily traded on the platform by using the famous currencies like bitcoin or ether. Platforms backed by blockchain eliminate the need for an intermediary to come and mediate the transaction between two parties. This also removes a lot of hassle and save both parties a significant amount of money. Needless to say, the benefits of blockchain technology in the real estate market are many and they make the market efficient by a tenfold if not more. Real estate transactions in international markets through blockchain is especially relevant when talking about monetary issues and where digital trust needs to be established.

Cryptocurrency for real estate especially appeals to real estate investors as for them the fluctuation of fiat money can be quite frustrating as the prices of it are dependent upon government regulated laws. However, cryptocurrency is much more stable as its prices are solely dependent upon the demand and supply. In addition to that, when real estate is used as the hard asset to back the cryptocurrency it becomes even more sturdy.

Tokenization vs other real estate investments

If you have experience operating in a real estate market then you must know all too well about the long and burdensome tasks that need to be done in order to acquire a property. The traditional real estate market requires you to deal with brokers, complicated documents and heavy fees. Even then, we can’t say that it is completely transparent or risk free. However, the upside of utilizing asset-backed digital currency is the instant and unmediated retrieval of the property that streamlines the whole process and cuts down the cost by eliminating the mediator. These asset-backed offerings also enable you to invest in multiple properties simultaneously to have a more diverse collection of assets which isn’t that easy in traditional real estate trade.

Famous real estate agencies which are especially known for serving international investors are constantly proclaiming that they allow the use of cryptocurrency. These agencies are geared towards achieving two main goals: being in the spotlight for foreign investors and to capture the market of homegrown cryptocurrency enthusiasts who are looking for an opportunity like this.

Cryptocurrency enthusiasts should not be overlooked by the real estate agents as it has been estimated that they are cryptocurrency fans with a major portion of their savings invested in cryptocurrency already.

It is predicted that within next 5 – 10 years all real estate transactions will be done through a blockchain powered platform by using cryptocurrency. It has become almost crucial for real estate agents who keep up with the technological trends to start experimenting with cryptocurrency and even start offering it as an alternative currency. As for real estate brokers looking to attract a different demographic, they can advertise the willingness to accept cryptocurrency for assets. This will really help them stand out and enable them to attract a completely different pool of people which will result into a much higher profit for them.

Tokenized assets combine the old world, more conventional property acquisition advantages, for example, rich insurance and creation with the new advantages of liquidity— representative of the modern world. As cryptocurrency turns out to be more typical in our everyday exchanges because of the spread of blockchain innovation that makes these exchanges straightforward, real estate brokers should focus on how their potential accomplices see digital money. Picking up on the know-how of the advantages of tokenized property investments will before long be a topic everybody in the world will know about.

We believe it is safe to say that perhaps the most commendable use of blockchain is its incorporation in the real estate market. Since cryptocurrency is transparent it removes doubts at both ends of the transaction and both the seller and the buyer enjoy peace of mind. This is especially relevant in an international market where people have barriers between them such as language, laws and customs. Cryptocurrency provides a safety net to people from these laws and ensures that people can have a safe, reliable and quick international real estate trade made.

We believe that as cryptocurrency grows, it is going to become even more viable in the real estate market.

The post How Cryptocurrency Could Play a Role in Your Next Deal appeared first on Fuad Ahmed.

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