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Reddit : Forex Trading For Beginners - Audusd Analysis In 60 sec

Reddit : Forex Trading For Beginners - Audusd Analysis In 60 sec
#forex_trading #forex_trading_strategies
https://www.youtube.com/watch?v=rNdBgsiWCEw
Forex Trade - Technical Analysis Audusd
Analysis Number 11
11 November 2020
......................................................................................................
. #Here_is_our_forex_analysis_on_this_pair,
Daily is a strong uptrend and the structure is all bullish. We will wait for the price to come back down to our zone then we will look for confirmations.
#Note_:_Read_Disclaimer_Below
........................................................................................................................
Don't Forget to #Like_and_Subscribe to our YouTube Channel so you wont miss any analysis. $30 NO DEPOSIT BONUS available ONLY to New Clients and Claim Yours Before the Promotion is Over. https://clicks.pipaffiliates.com/c?c=... .
.....................................................................................................
Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker.
Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ...............................................................................................
Note : USE PROPER RISK MANAGEMENT.
: Use your own strategy and to reconfirm setups before taking any trades.
................................................................................................
Blog Site - https://forextradingforbeginners101.b...
Telegram - https://t.me/fxlifestyletelegram
Tradingview - https://www.tradingview.comlovelove
Twitter - https://twitter.com/FxLifes30183986
Pinterest - https://www.pinterest.com/forexlifestyle
Facebook Page - https://www.facebook.com/Fx-Lifestyle...
Facebook Group - https://www.facebook.com/groups/64826...
YouTube - https://youtube.com/channel/UC23pgPGP...
.............................................................................
Recommended Broker https://www.xm.com/referral?token=Luz...
.........................................................
@@ Next big crypto... mine before launch.. @@ The Story Of Pi - The First Digital Currency You Can Mine On Your Phone.
Invitation Link Below https://minepi.com/Hunter30 Use the code "Hunter30" People can join through personal invitations only.
..................................................................................................................... #forex,#forex_trading,#beginner_trader,#beginners_guide_trading,#beginners_forex_guide,#forex_trading_for_beginners_course,#trading_for_beginners,#forex_trading_for_beginners_mt4,#forex_trading_strategies_for_beginners,#forex_trading,#daily_forex_forecast_for_beginners,#daily_forecast_for_beginners,#forex_trading_strategies,#forex_daily,#daily_forex_analysis,#Forex_strategies,#Analysis_today,#forex_trading_strategy,#trading_strategy_for_beginners,#forex_trading_metatrader_4#forex_trading_live,# #Forex_trading_for_beginners, #forex_trading_platforms, #forex_trading_strategies,#learn_forex_trading,#forex_for_beginners,#forex_trading_for_dummies,#forex_trading_training,#best_forex_brokers_for_beginners,#price_action,#forex_strategies,#scalping_strategy,#forex_indicators,#scalping_forex,#50_pips_a_day_forex_strategy,#price_action_strategy,#day_trading_and_swing_trading_the_currency_market,#price_action_forex,#forex_scalping_strategy,, #how_to_trade_forex, #how_to_trade_bitcoin, #how_to_trade_online, #how_to_trade_option, #how_to_trade_stocks, #how_to_trade_with_$100,#how_to_trade_forex_successfully. .......................................................................................................................
Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
submitted by technicalanalysis101 to u/technicalanalysis101 [link] [comments]

Forex Trading For Beginners - Cadchf Forecast for Nov 16 - 20

Forex Trading For Beginners - Cadchf Forecast for Nov 16 - 20 Forex Trade - Technical Analysis Cadchf Analysis Number 1 15 November 2020
https://forextradingforbeginners101.blogspot.com/2020/11/forex-trading-for-beginners-cadchf_14.html
.......................................................................................................
#Here_is_our_forex_analysis_on_this_pair,
Currently Cadchf is on a bullish structure. We will monitor price action at the marked zone for any confirmations according to our rules to go long. #Note_:_Read_Disclaimer_Below ........................................................................................................................ Don't Forget to #Like_and_Subscribe to our YouTube Channel so you wont miss any analysis. $30 NO DEPOSIT BONUS available ONLY to New Clients and Claim Yours Before the Promotion is Over. https://clicks.pipaffiliates.com/c?c=... ...................................................................................................... Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker. Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ............................................................................................... Note : USE PROPER RISK MANAGEMENT. : Use your own strategy and to reconfirm setups before taking any trades. ................................................................................................ Blog Site - https://forextradingforbeginners101.b... Telegram - https://t.me/fxlifestyletelegram Tradingview - https://www.tradingview.comlovelove Twitter - https://twitter.com/FxLifes30183986 Pinterest - https://www.pinterest.com/forexlifestyle Facebook Page - https://www.facebook.com/Fx-Lifestyle... Facebook Group - https://www.facebook.com/groups/64826... YouTube - https://youtube.com/channel/UC23pgPGP... ............................................................................. Recommended Broker https://www.xm.com/referral?token=Luz... ......................................................... @@ Next big crypto... mine before launch.. @@ The Story Of Pi - The First Digital Currency You Can Mine On Your Phone. Invitation Link Below https://minepi.com/Hunter30 Use the code "Hunter30" People can join through personal invitations only. ..................................................................................................................... #forex,#forex_trading,#beginner_trader,#beginners_guide_trading,#beginners_forex_guide,#forex_trading_for_beginners_course,#trading_for_beginners,#forex_trading_for_beginners_mt4,#forex_trading_strategies_for_beginners,#forex_trading,#daily_forex_forecast_for_beginners,#daily_forecast_for_beginners,#forex_trading_strategies,#forex_daily,#daily_forex_analysis,#Forex_strategies,#Analysis_today,#forex_trading_strategy,#trading_strategy_for_beginners,#forex_trading_metatrader_4#forex_trading_live,# #Forex_trading_for_beginners, #forex_trading_platforms, #forex_trading_strategies,#learn_forex_trading,#forex_for_beginners,#forex_trading_for_dummies,#forex_trading_training,#best_forex_brokers_for_beginners,#price_action,#forex_strategies,#scalping_strategy,#forex_indicators,#scalping_forex,#50_pips_a_day_forex_strategy,#price_action_strategy,#day_trading_and_swing_trading_the_currency_market,#price_action_forex,#forex_scalping_strategy,, #how_to_trade_forex, #how_to_trade_bitcoin, #how_to_trade_online, #how_to_trade_option, #how_to_trade_stocks, #how_to_trade_with_$100,#how_to_trade_forex_successfully. ....................................................................................................................... Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
submitted by technicalanalysis101 to u/technicalanalysis101 [link] [comments]

Gbpusd Analysis/ Sniper Entry - Result - Profit Target hit #forex_tradin...

Gbpusd Analysis/ Sniper Entry - Result - Profit Target hit #forex_trading_strategy #forex_trading #forex_trading_strategies
WATCH VIDEO HERE
Forex Trade - Technical Analysis Recap
Gbpusd
12 November 2020
.......................................................................................................
#Here_is_our_recap_on_this_pair,
Total gain of 280 pips this week of gbpusd, once trade was entered gbpusd just kept its bullish moment and reached our profit target
. #Note_:_Read_Disclaimer_Below
........................................................................................................................
Don't Forget to #Like_and_Subscribe to our YouTube Channel so you wont miss any analysis. $30 NO DEPOSIT BONUS available ONLY to New Clients and Claim Yours Before the Promotion is Over. https://clicks.pipaffiliates.com/c?c=...
......................................................................................................
Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker. Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ...............................................................................................
Note : USE PROPER RISK MANAGEMENT.
: Use your own strategy and to reconfirm setups before taking any trades. ................................................................................................
Blog Site - https://forextradingforbeginners101.b...
Telegram - https://t.me/fxlifestyletelegram
Tradingview - https://www.tradingview.comlovelove
Twitter - https://twitter.com/FxLifes30183986
Pinterest - https://www.pinterest.com/forexlifestyle
Facebook Page - https://www.facebook.com/Fx-Lifestyle...
Facebook Group - https://www.facebook.com/groups/64826...
YouTube - https://youtube.com/channel/UC23pgPGP...
.............................................................................
Recommended Broker https://www.xm.com/referral?token=Luz...
.........................................................
@@ Next big crypto... mine before launch.. @@ The Story Of Pi - The First Digital Currency You Can Mine On Your Phone.
Invitation Link Below
https://minepi.com/Hunter30
Use the code "Hunter30" People can join through personal invitations only. ..................................................................................................................... #forex,#forex_trading,#beginner_trader,#beginners_guide_trading,#beginners_forex_guide,#forex_trading_for_beginners_course,#trading_for_beginners,#forex_trading_for_beginners_mt4,#forex_trading_strategies_for_beginners,#forex_trading,#daily_forex_forecast_for_beginners,#daily_forecast_for_beginners,#forex_trading_strategies,#forex_daily,#daily_forex_analysis,#Forex_strategies,#Analysis_today,#forex_trading_strategy,#trading_strategy_for_beginners,#forex_trading_metatrader_4#forex_trading_live,# #Forex_trading_for_beginners, #forex_trading_platforms, #forex_trading_strategies,#learn_forex_trading,#forex_for_beginners,#forex_trading_for_dummies,#forex_trading_training,#best_forex_brokers_for_beginners,#price_action,#forex_strategies,#scalping_strategy,#forex_indicators,#scalping_forex,#50_pips_a_day_forex_strategy,#price_action_strategy,#day_trading_and_swing_trading_the_currency_market,#price_action_forex,#forex_scalping_strategy,, #how_to_trade_forex, #how_to_trade_bitcoin, #how_to_trade_online, #how_to_trade_option, #how_to_trade_stocks, #how_to_trade_with_$100,#how_to_trade_forex_successfully. .......................................................................................................................
Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
submitted by technicalanalysis101 to u/technicalanalysis101 [link] [comments]

Forex Trading For Beginners - Cadjpy 60 sec Analysis #forex_trading

Forex Trading For Beginners - Cadjpy 60 sec Analysis #forex_trading#forex_trading_strategies
https://www.youtube.com/watch?v=6T1DcYvm6VY
Forex Trade - Technical Analysis
Cadjpy
Analysis Number 12
11 November 2020
.......................................................................................................
#Here_is_our_forex_analysis_on_this_pair,
Weekly is a strong uptrend and daily structure has shift from bearish to bullish. We will be monitoring price action at the marked zone for any setup according to our strategy. #Note_:_Read_Disclaimer_Below
........................................................................................................................
Don't Forget to #Like_and_Subscribe to our YouTube Channel so you wont miss any analysis. $30 NO DEPOSIT BONUS available ONLY to New Clients and Claim Yours Before the Promotion is Over. https://clicks.pipaffiliates.com/c?c=...
......................................................................................................
Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker. Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ...............................................................................................
Note : USE PROPER RISK MANAGEMENT.
: Use your own strategy and to reconfirm setups before taking any trades. ................................................................................................
Blog Site - https://forextradingforbeginners101.b...
Telegram - https://t.me/fxlifestyletelegram
Tradingview - https://www.tradingview.comlovelove
Twitter - https://twitter.com/FxLifes30183986
Pinterest - https://www.pinterest.com/forexlifestyle
Facebook Page - https://www.facebook.com/Fx-Lifestyle...
Facebook Group - https://www.facebook.com/groups/64826...
YouTube - https://youtube.com/channel/UC23pgPGP...
.............................................................................
Recommended Broker https://www.xm.com/referral?token=Luz...
.........................................................
@@ Next big crypto... mine before launch.. @@ The Story Of Pi - The First Digital Currency You Can Mine On Your Phone.
Invitation Link Below
https://minepi.com/Hunter30
Use the code "Hunter30" People can join through personal invitations only. ..................................................................................................................... #forex,#forex_trading,#beginner_trader,#beginners_guide_trading,#beginners_forex_guide,#forex_trading_for_beginners_course,#trading_for_beginners,#forex_trading_for_beginners_mt4,#forex_trading_strategies_for_beginners,#forex_trading,#daily_forex_forecast_for_beginners,#daily_forecast_for_beginners,#forex_trading_strategies,#forex_daily,#daily_forex_analysis,#Forex_strategies,#Analysis_today,#forex_trading_strategy,#trading_strategy_for_beginners,#forex_trading_metatrader_4#forex_trading_live,# #Forex_trading_for_beginners, #forex_trading_platforms, #forex_trading_strategies,#learn_forex_trading,#forex_for_beginners,#forex_trading_for_dummies,#forex_trading_training,#best_forex_brokers_for_beginners,#price_action,#forex_strategies,#scalping_strategy,#forex_indicators,#scalping_forex,#50_pips_a_day_forex_strategy,#price_action_strategy,#day_trading_and_swing_trading_the_currency_market,#price_action_forex,#forex_scalping_strategy,, #how_to_trade_forex, #how_to_trade_bitcoin, #how_to_trade_online, #how_to_trade_option, #how_to_trade_stocks, #how_to_trade_with_$100,#how_to_trade_forex_successfully. .......................................................................................................................
Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
submitted by technicalanalysis101 to u/technicalanalysis101 [link] [comments]

Nzdcad Analysis - After 22 days and 98 4hr Bars Got Triggered - Buy #forex_trading

#forex_trading_strategies
Watch Video Here
https://youtu.be/JIogpn0d9FY
Forex Trade - Technical Analysis
Gbpcad 11
November 2020
Previous Analysis https://youtu.be/lOpvwq53xQo ....................................................................................................... #Here_is_our_forex_analysis_on_this_pair, Pair did exactly as it was analyzed #Note_:_Read_Disclaimer_Below ........................................................................................................................ Don't Forget to #Like_and_Subscribe to our YouTube Channel so you wont miss any analysis. $30 NO DEPOSIT BONUS available ONLY to New Clients and Claim Yours Before the Promotion is Over. https://clicks.pipaffiliates.com/c?c=... ...................................................................................................... Forex trade entry will only be taken if all rules of our forex trading strategy will be met. At the moment we will monitor price action at the marked zone, Then we will look for an entry according to our forex trading analysis with proper Risk management, and with a good risk to reward ratio. You can keep this pair's forex trading analysis on your watchlist and monitor it. If your forex trading rules and your strategy align with the analysis made, only then you can decide to take your trades or not. Have a good forex trading day everyone. New to forex trading ?? If you don't have a forex trading account and would like to try forex trading, then follow the link below to open your forex trade account with a trusted broker. Recommended Broker https://www.xm.com/referral?token=Luz... You don't have to use this broker, you can choose other brokers also if you find them. ............................................................................................... Note : USE PROPER RISK MANAGEMENT. : Use your own strategy and to reconfirm setups before taking any trades. ................................................................................................ Blog Site - https://forextradingforbeginners101.b... Telegram - https://t.me/fxlifestyletelegram Tradingview - https://www.tradingview.comlovelove Twitter - https://twitter.com/FxLifes30183986 Pinterest - https://www.pinterest.com/forexlifestyle Facebook Page - https://www.facebook.com/Fx-Lifestyle... Facebook Group - https://www.facebook.com/groups/64826... YouTube - https://youtube.com/channel/UC23pgPGP... ............................................................................. Recommended Broker https://www.xm.com/referral?token=Luz... ......................................................... @@ Next big crypto... mine before launch.. @@ The Story Of Pi - The First Digital Currency You Can Mine On Your Phone. Invitation Link Below https://minepi.com/Hunter30 Use the code "Hunter30" People can join through personal invitations only. ..................................................................................................................... #forex,#forex_trading,#beginner_trader,#beginners_guide_trading,#beginners_forex_guide,#forex_trading_for_beginners_course,#trading_for_beginners,#forex_trading_for_beginners_mt4,#forex_trading_strategies_for_beginners,#forex_trading,#daily_forex_forecast_for_beginners,#daily_forecast_for_beginners,#forex_trading_strategies,#forex_daily,#daily_forex_analysis,#Forex_strategies,#Analysis_today,#forex_trading_strategy,#trading_strategy_for_beginners,#forex_trading_metatrader_4#forex_trading_live,# #Forex_trading_for_beginners, #forex_trading_platforms, #forex_trading_strategies,#learn_forex_trading,#forex_for_beginners,#forex_trading_for_dummies,#forex_trading_training,#best_forex_brokers_for_beginners,#price_action,#forex_strategies,#scalping_strategy,#forex_indicators,#scalping_forex,#50_pips_a_day_forex_strategy,#price_action_strategy,#day_trading_and_swing_trading_the_currency_market,#price_action_forex,#forex_scalping_strategy,, #how_to_trade_forex, #how_to_trade_bitcoin, #how_to_trade_online, #how_to_trade_option, #how_to_trade_stocks, #how_to_trade_with_$100,#how_to_trade_forex_successfully. ....................................................................................................................... Disclaimer - Any information shared is intended for educational purposes only and does not give financial advice. Forex trading involves great risk of financial loss. Only trade with money that you are prepared to lose. Forex Trading For Beginners, we take no responsibility for money made or lost by you. You must make your own financial decisions yourself.
submitted by technicalanalysis101 to u/technicalanalysis101 [link] [comments]

Day #2 of my Forex Journey

Real quick before I get into my next steps of my FX Journey, id like to say thank you to all the people who commented on my last post! All of the tips I got were really eye-opening and introduced me to different parts of FX trading that I didn't even know existed. So thank you so much, and I hope to get more interesting feedback from you guys in the future! Also Im going to probably change my writing frequency from daily to biweekly. I think writing about every little trade is not going to be as beneficial to me as writing about my overall progress at certain points throughout the week.
I started this trading day out by learning up on order flow. A whole bunch of you guys suggested really interesting youtubers to watch, and I started with Mr. pip's series on order flow. After I finished up watching a few of his videos, I started to tweak my trading plan so that I could get in some chart time. I changed currency pair from EUUSD to the AUD/USD, the time frame from the 4 hour to the 1 hour, and my indicators from RSI, Stochastic, 2 SMAs and ADX to ATR, RSI, and Ichimoku Kinko Hyo. I also added a little fundamental analysis in my trading plan because I think that I am being far too reliant on my indicators. I planned to check the economic calendar and determine the general trend of the currency pairs that are strongly correlated to the AUD/USD before I began my chart analysis. In addition to all of my analysis, I tried to practice using the techniques I learned in Mr. Pip's videos and analyze the order flow of the chart. Even if my analysis of order flow is wrong, as long as I am getting practice I am learning.
Eventhough I planned to use today to back-test indicators and find a solid new plan, I did not have enough time. I ended up getting on my demo account really late in the day, and started to force myself to enter a trade. Destructive habits like this could lead into some massive issues when I eventually get into live trading. To combat this harmful attitude specifically, I will restrict myself to trading on certain parts of the day (for example session overlaps, news releases, and earlier in the day). Despite this mistake I still continued with my trading strategy. I calculated all the currency correlations for AUS/USD using the past weeks economic data, and set my indicators in place. After checking the overall trend of the most strongly correlated pairs (Positive: EUUSD, GPB/USD, Negative: USD/CAD, USD/JPY) I started to analyze the order flow. All the correlated currencies, except for EUUSD, indicated that the AUD/USD would fall, while my order flow analysis indicated the opposite. Seeing as though I am extremely new to order flow, I dismissed this analysis, and ended up forcing a trade on the AUD/USD going short when my indicators seemed to line up correctly. I learned from last time that I should not alter or close my trade purely based on emotion, and to just wait till the market hits my stop loss or take profit. I included a trailing stop loss of 60 pips this time, but I have no evidence to base that number range on. The trade is currently open and I am down about 30 pips.
Although I am not labeling this trade as a loser yet, I can definitely see a lot of holes in my trading strategy. The most obvious mistake in my eyes right now is my use of indicators. Currently all my trades are purely based on what my indicators say, and since I do not have any back-tested data to support the credibility of my indicators, it feels a lot like strategic gambling. Another issue is that I feel far too reliant on indicators alone. I think that if I can find ways to include various types of analysis efficiently and evenly in my trading plan I will become a much more skillful and well-rounded trader. In order to combat these two issues I will begin forming various types of trading strategies this weekend and back-test them all extensively. I also plan on researching more on price action, order flow, and Naked Forex.
Once again any and all feedback is welcome. I am just beginning Forex, but it had been a huge passion of mine and I don't plan on stopping anytime soon.
submitted by Aman-1127 to Forex [link] [comments]

Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

TSM and Me 2020

TSM has been on my radar since I started saving to invest in 2018 because of AMD / GlobalFoundries. Really interesting business model for Semis AMD has.
In 2019, you couldn't get away from heating up of the trade war. Congress began debating SAR for HK around the end of Hong Kong's "2019 Summer of Love" and rumors of what happens in the "re-education" camps / "Where did the Falun Gong practitioners go?" This is important because of the SWIFT system of world banking. HK is how they get dollars.
Then in November of 2019, this happened..
https://en.m.wikipedia.org/wiki/Hong_Kong_Human_Rights_and_Democracy_Act#Related_bill
Arizona plant news is where the tin foil ends and the conviction began for me. The Foundry is basically THE corporation of Taiwan. The Great Cheetoh has been making deals around the world, and technically Taiwan isn't China. We have recent armament deals with Taiwan and Japan to prove it.
https://youtu.be/TLKt9yPb-f0
Why not?? Seemed like the American thing to do and there is a republican in office hell-bent on decoupling US communications tech from the CCP aka ROC.
In Feb / March... Rona. April the economic fallout, news about bad PPE and tests from China being sold to Italy. In May all the US boats in Taiwanese waters and the rhetoric worldwide basically reflecting that the world isn't happy with the CCP.
I had the balance for a RH call and it made more sense than an airline play at the time, so i got in.
Anti CCP rhetoric started heating up and bi-partisan on the YouTube's, by the way, it seems 2020 is the year NBC (Comcast) discovered ad-revenue. Thank you Lester.
At this point morning wood for TSM was a regular thing, so i set my limits on call options for both accounts, and incorporated into the LT DRIP. Thank you Papa Powell. I'm still poor, couldn't have done it without you...
Then it seemed to be heating up at the end of May. Everyone is like WTF 'mate on the "One Belt. One Road." Initiative, both the geographical and digital. People are really starting to report on not-so-great stories out of China, and not just tinfoil or Epoch Times channels.
Lot of shade being thrown on China tech, and things are heating up in S China Sea.
https://youtu.be/6KiLhxgIBys
https://youtu.be/BTgDYhtr-LU
...looks like Chy-na is on everyone's shit list, including Australia. Forex folks know how dope-tied the Aussie's and Kiwis are to CCP trade relations.
The rumor was potential decouple from China. I mean the world is kinda dope-tied to Santa's little elves. I just realized how weird Christmas will be...
I bought my shares for both accounts as per the voodoo ritual of purchasing at least 1 stock of a long term call strategy. Got my hand deep (for me) in the cookie jar May and June.
http://imgur.com/gallery/xb7ptte
http://imgur.com/gallery/ToFdT3z
Third week of July called a bull flag on hourly:
https://www.reddit.com/wallstreetbets/comments/hwz949/daily_discussion_thread_for_july_24_2020/fz4bi1b?utm_medium=android_app&utm_source=share
July 24th, I got filled to the teeth in RH and my now free play in Webull was up 1,600%.
http://imgur.com/gallery/0fB3FEp
THEN July 27th, I closed my "free play" in Webull at $1,250. A little over 3,000% between 2 contracts that cost $75 total.
Along the way, i picked up RH tendies and rebalanced the cash / bought more contracts and shares. They're officially part of the DRIP.
http://imgur.com/gallery/UFKPnOz
Related post I made last week regarding TSM and INTC. Any thoughts on how US semi production will play out for them?
https://www.reddit.com/wallstreetbets/comments/i0jqtu/opinions_on_taiwan_semiconducto?utm_medium=android_app&utm_source=share
Last week, The Fool confirmed many of the LT bias I had been building up on a win for The Foundry since November. All hype, or real talk?
https://www.fool.com/investing/2020/07/31/3-tailwinds-are-lifting-tsmcs-stock-to-new-all-tim.aspx
Financial analysis- This guy is boring af, but he goes through the numbers that no one likes to read, records in mobile, and is cool enough to zoom in on what he is talking about.
https://youtu.be/wVxF7wwuogo
Can anyone see a downside other than "COVID CLAP Trumps all"? Maybe I've been chewing too much YouTube tinfoil on lunch, but the limit orders that are closing 930-4pm are making me think I've hit the Autistic Lottery. Wish I had bought more.
Friday, all I could see was a bull flag on the 4hr and 30min charts. Monday 8/03 it hasn't shit the bed at 11am EST. Maybe thats just the tin foil talking again and this is the ceiling.
http://imgur.com/gallery/nRYKBB5
Still in, and potentially interested in more contracts.
Open positions- http://imgur.com/gallery/naF9dik
submitted by aipipcyborg to wallstreetbets [link] [comments]

Immediate Edge Review, Is Immediate Edge SCAM Or Legit Trading App?

Immediate Edge Review, Is Immediate Edge SCAM Or Legit Trading App?

Immediate Edge Review: Is This Crypto Robot Legit or Scam
Immediate Edge Review and investigation 20twenty. The Immediate Edge app is a crypto, forex and choices trading robot utilized by folks to automatically obtain and sell Bitcoin and create profits. Wanting at the website, many people claim it helped them move from rags-to-riches trading Bitcoin. Further, some claims linked it to Ronaldo and Sir Alex Ferguson

https://preview.redd.it/rttn3i4hohm51.jpg?width=1280&format=pjpg&auto=webp&s=8f0dc345c3ace4032d571d44fabe356f13ff1a33
Is Immediate Edge app legit or scam? Whereas the claims of its linkage to the higher than celebrities are unverifiable, we tend to can verify that the app is not a scam and permits individuals to trade Bitcoin using the Fibonacci strategy with ten minutes time frames
The app, that allows people to deposit at least $250 through mastercard and Sofort, scores 88% rate and a 5 stars as a real software
Since there are several scam cryptos, forex and options brokers who trick individuals to depositing money, and then they run away with the funds, we have taken time to review this software to determine if it is real or a scam.
Is Immediate Edge scam or legit
High success rate is reported by users with this software.
The Immediate Edge web site provides truthful claims about the service though it will not mean the crypto trading risks are eliminated with its use.
Customers should start with the minimum investment and increase it when satisfied with the utilization of the app.
Click the link to access Immediate Edge official web site or keep reading to understand more
This software will not seem to be a scam and users report that it helped them make real money trading on it.b site
What is Immediate Edge App?
Immediate Edgecould be a robot or auto-trading software that allows folks to trade forex, crypto and binary choices. A user deploys the algorithm-primarily based bot, which relies on a trading strategy that's automatically executed on a broker trading platform once deployed.
The strategy is coded or set like to permit the user to automatically get and sell crypto, stock or choices on the broker platform at favorable prices, to form profits. It can do automatic market analysis by analyzing a vast amount of knowledge from completely different sources, at intervals seconds and with high accuracy, then use the data to predict the costs. It can then come up with a transparent buy or sell tradable signal and then execute it automatically by shopping for and/or selling on the broker platform.
The software can, therefore, save a trader thousands of manual hours and labor they might have spent analyzing information to form trading choices and to follow the markets and to position and close trades. You conjointly do not want to understand anything concerning crypto, stock or option trading to use this auto trading app, although it is suggested to possess this information to keep improving on trading.
Trading bots will achieve high success rates of more than 90p.c and have been tested to work. You may be searching for Immediate Edge scam but the website can tell you that you can expect to earn between $950 and $a pair of,two hundred per day using the software but that depends on your expertise. As a newbie, you'll not start making that a lot of immediately and conjointly it depends on how a lot of you invest. With an investment of $250, you'll be able to expect to form a lot of lesser although some people claim to own made $12a pair of in a very few hours using this software.
That will not mean Immediate Edge is error-free. There still is a heap of unpredictable high volatility in crypto and bots will make mistakes and errors to create losses. Auto trading robots are better employed in combination with manual trading strategies.

https://preview.redd.it/1zkt9v3johm51.jpg?width=1280&format=pjpg&auto=webp&s=85f7e7f5d0e9d6b60b4a8a6e37bb344dbbb8305c
Immediate Edge Review
How will Immediate Edge work?
All a user has to try and do is join up at the Immediate Edge web site, then deposit funds to have access to the robot, when which they can begin trading by switching on the bot. It will would like no control or intervention from humans, beyond beginning and stopping it.
You additionally need to stay checking, daily, to observe the performance of the software in doing its job and ensure that it is earning any returns needless to say. From there, you can confirm whether or not to extend or decrease your investment towards crypto, options or stock trading using this robot.
You'll be able to also monitor performance to be ready to regulate the trading settings from your dashboard and optimize totally different features of the trading bot for instance set amount of trades or amount to invest in every trade.
Founder of Immediate Edge
In line with the Immediate Edge website, this trading bot was founded by Edwin James. Reportedly, he created billions with forex, crypto, and binary options trading and still shares his strategies on the way to trade the assets on the app.
He founded the app to create it potential for brand spanking new traders to create cash in less than 3 minutes of signing up.
How to sign up on Immediate Edge:
Registration: Registering or signing up on the website is free but to start trading, you want to deposit no less than $250. You discover a registration type on the top right of the page, on that you type in your email, full names and phone numbers and country code. Create a password to be used for logging in later.
Deposit funds: Depositing funds allows you to connect to a robot broker and then you'll begin the bot to start out trading. You'll deposit with Visa, Wire Transfers, Klarna or Skrill. The currencies supported are Swiss Franc, British Pound, US Greenback, and Euro and using a credit or debit card limits deposits to less than $/£/€/?10,00zero in one day and $/£/€/?40,000 in an exceedingly month.
Immediate Edgeisn’t licensed to handle your funds, it works with brokers to handle the cash once it's deposited.
Demo trading: Relying on the broker you're connected to, you can begin to practice trading with the Immediate Edge software. Some brokers do not have this feature on their platforms. Still, with the latter, you can test their options before you deposit cash to try and do live trading. With the demo options, you'll be able to familiarize yourself with the trading house before beginning to use real money to trade.
Trading: Before and when you've got switched on auto-trading, you would like to check the trading settings daily. You'll regulate some things including stop-loss orders and when to try to to them, amount to speculate per trade and how several trades to try to to per day. You'll be able to also choose that cryptocurrencies to trade, and you'll be able to select all the most in style ones together with Bitcoin and Ethereum. You also get to observe the profits/losses and decide if to continue and/or when to prevent.

https://preview.redd.it/c9scw5fkohm51.jpg?width=1280&format=pjpg&auto=webp&s=3d127be2887c4c8960023a8cf1b1f55297dbf250
Withdrawals, user verification, cost of using the app and alternative options

The payouts or withdrawals are made by filling letter of invitation type on the funds’ management page and it can take two operating days to replicate in your checking account. No fee is charged on withdrawals. You'll withdraw your cash including the capital while not a lot of problem on this app, that is better than several that don't enable withdrawals at any time
While some bots need verifications by asking for your ID and statements, this one will not. You are done once uploading your payment details. The bot charges a commission on profit. Besides, you get twenty fouseven client support on Immediate Edge
Immediate Edge may be a legit, secure, user-friendly trading application for crypto, stocks, and choices. It has a zealous customer service and reports a high success rate. Another smart robot we have recently reviewed is Bitcoin Professional
We tend to hope that this review helped you to make a decision concerning this trading app. Additionally, subscribe to our web site to be invariably notified concerning new software from this industry. For live reviews subscribe to our Youtube Channel or FB Page.

https://www.immediateedge.org/
https://www.facebook.com/immediateedge/
https://www.pinterest.co.uk/immediateedge/
https://twitter.com/EdgeImmediate
https://www.instagram.com/immediateedge/
submitted by EggNecessary9499 to u/EggNecessary9499 [link] [comments]

Indicators for NNFX traders

EDIT: For anyone new to NNFX (No-nonsense forex) he goes by VP and has a youtube channel where he explains how to build a systematic trading strategy, check it out if you're interested.
Not how I trade anymore, but I've collected quite a few indicators that others might want to use. These did well in my testing but I can't guarantee that they will work well for you. These are for MT4 on the daily chart, and I've given the best parameters (which were optimised for) in brackets. This is all for the NNFX strategy, meaning that I had a stop loss at 1.5x ATR and a half TP at 1x ATR.
C1/C2 (Trend indicators):
- T3_Trend_CF(32): https://www.mql5.com/en/code/7496
- Trinity_Impulse(27, 11): https://www.mql5.com/en/code/9717
- Momentum(16 zero cross)
- The_Heavy(38, 38): https://www.mql5.com/en/code/11567
- Schaff_Trend_Cycle(6, 25, 13 entry when it curves down/up): https://www.mql5.com/en/code/17700
Volume:
- Volatility Ratio(13 enter with trend when green): https://www.mql5.com/en/code/26159
- Waddah Attar Explosion(Histogram above the line): https://www.mql5.com/en/code/7051
Exit:
- Rex(44, 25 or 19, 11): https://forex-station.com/download/file.php?id=3354211&sid=4021ce6670f5aed2e5ff117d3aa541a0
- Waddah Attar Explosion(Histogram below the line):
- Trailing stop at 1.5x ATR
Baseline:
- NOT HULL, it repaints heavily
- Didn't do well using one
submitted by Shallllow to Forex [link] [comments]

Immediate Aftermath : The more data we collect and analyze, the clearer the picture becomes.

This is the updated first part of the list that has recorded the notable events as the world deals with the COVID-19 pandemic. [2nd Part] ― The LINKS to events and sources are placed throughout the timeline.
------------------------
The More Data We Collect and Analyze, the Clearer the Picture Becomes.
Someone threw a stone in a pond a long way away. And we're only just feeling the ripples. — Fukuhara from Giri/Haji, Netflix series
------------------------
On Jan 30, Italian PM announced that Italy had blocked all flights to and from China. While Italy has banned people from air-travelling to China, however according to IATA data, there's no measurement implemented for air-travellers from China into Italy till the Mar 07. Especially for Chinese people who have EU passports.
On Jan 31, the US announced the category-I travel restrictions, barring all foreigners who have been in China for the past 14 days, with measures including the refusal of visas and mandatory quarantine.
• "Because the US focused on China and didn't expect the infected people's entry from Europe and the Middle East, the Maginot Line was breached from behind. And so little of credible data at the beginning made the US government to miscalculate its strategic response to the virus." — Dr. Zhang Lun, currently a visiting scholar at Harvard (economics & sociology), during the interview with ICPC on Mar 29.
Also on Jan 31, the WHO changed its tune and declared the coronavirus outbreak a Global Public Health Emergency of international concern (PHEIC).
Decisions on a PHEIC always involve politics .... West African countries discouraged a declaration in 2014 after they were hit by the largest Ebola virus outbreak on record, mainly because of concern about the economic impact.
------------------------
On Feb 02, regarding the US category-I travel restrictions, Kamala Harris, the former Democratic presidential candidate, declared on Twitter:
Since 2017, Trump’s travel bans have never been rooted in national security—they’re about discriminating against people of color. They are, without a doubt, rooted in anti-immigrant, white supremacist ideologies. This travel ban is no different.
On Feb 03, criticizing Trump for his travel restrictions continues. Chinese foreign ministry spokeswoman Hua Chunying (华春莹), a Peking University professors James Liang (梁建章), New York Times, the Nation, OBSERVER, the Boston Globe, Yahoo, and Daily Kos were saying,
it's a "panicky" decision and "racist" or it's "cruel and callous," he's stoking fear for political gains, and the president is "inappropriately overreacting." And professors Liang even said the US ban "will hurt goodwill and cooperation [with China] in the future." [1] [2] [3] [4] [5] [6] [7] [8] [9]
Also on Feb 03, Mr. Tedros of the WHO said there's no need for travel ban measure that "unnecessarily interfere with international travel and trade" trying to halt the spread of the virus.
China's delegate took the floor ... and denounced measures by "some countries" that have denied entry to people holding passports issued in Hubei province - at the centre of the outbreak - and to deny visas and cancel flights.
Also on Feb 03, China is expected to gradually implement a larger stimulus packages (in total) than a USD $572 billion from 2008. — We'd never find out but my guess is that the fund will probably go to Shanghai clique.
On Feb 04, The FDA has given emergency authorization to a new test kit by the CDC that promises to help public health labs meet a potential surge in cases.
The speed ... pushing through a new diagnostic test shows just how seriously they’re taking the potentially pandemic threat of 2019-nCoV. It’s also a sign that the world is starting to learn how to deal with an onslaught of new pathogens.
Also on Feb 04, the Wuhan Institute of Virology and China's Academy of Military Medical Sciences (AMMS, Chief Chen Wei belongs to) have jointly applied to patent the use of Remdesivir. Scientists from both institutes said in a paper published in Nature’s Cell Research that they found both Remdesivir and Chloroquine to be an effective way to inhibit the coronavirus.
On Feb 06, Jamestown Foundation, a Washington-based research & analysis unit, noted that with State Council of PRC praising his performance of containing the pandemic situation, the council expanded Li Keqiang's political control over Politburo Standing Committee of CCP. (Li Keqiang = Communist Youth League = Shanghai clique)
Also, on Feb 06, as the US evacuation planes leave China, the wave of the US evacuees have arrived who are met by the CDC personnel at the quarantine sites for screening, and those who were suspected of infection will be placed under quarantine for 14 days.
Also, on Feb 06, a CDC-developed lab test kit to detect the new coronavirus began shipping to qualified US laboratories and international ones. — However, on Feb 12, the CDC said some of the testing kits have flaws and do not work properly. The CDC finally ended up shipping the working test kits for mass testings on Feb 27. This was three weeks later than originally planned.
On Feb 07, China National Petroleum has recently declared Force Majeure on gas imports. They are trying to create a breathing room for their foreign exchange reserves shortage. China's foreign exchange reserves fell to mere USD $3.1 trillion in Oct. 2019.
On the same day, Bloomberg reported that PetroChina has directed employees in 20 countries to buy N95 face masks and send them home in China. The goal is to get 2 million masks shipped back. You can also find YouTube videos that show Overseas Chinese are scouring the masks at the Home Depot to ship them to China (the video in Korean). Also Chris Smith is pissed.
On Feb 09, Trump renews his national emergency on its southern border, and Elizabeth Goitein from the Brennan Center for Justice, published an opinion article on New York Times titled "Trump Has Abused This Power. And He Will Again if He’s Not Stopped."
On Feb 10, Dr. Tedros said that an advance three-person team of the WHO arrived in Beijing for a joint mission to discuss with Chinese officials the agenda and questions. Then, the joint mission of about 10 international experts will soon follow, he said. — Those WHO experts ended up visiting Chinese epicentre for the first time on Feb 24.
On Feb 12, the US targets Russian oil company for helping Venezuela skirt sanctions. The US admin seemingly tried to secure leverage against Russia after noticing something suspicious was up.
On the same day, Trump told Reuters "I hope this outbreak or this event (for the US) may be over in something like April." — Dr. Zhong Nanshan (钟南山), China's top tier SARS-hero doctor, also said "the peak of the virus (for China) should come in mid to late February, followed by a plateau or decrease," adding that his forecast was based on on mathematical modelling and data from recent events and government action.
On Feb 13, Tom Frieden who is a former US CDC chief and currently the head of public health nonprofit Resolve to Save Lives, said:
As countries are trying to develop their own control strategies, they are looking for evidence of whether the situation in China is getting worse or better. [But] We still don't have very basic information. [since the WHO just entered China] We hope that information will be coming out.
On the same day, the CDC reports that the 15th case in the US was confirmed. The patient was a part of group who were under a federal quarantine order at the JBSA-Lackland base because of a recent trip to Hubei Province, China.
By Feb 13, China hasn't accepted the US CDC's offer to send top experts, and they haven't released the "disaggregated" data (specific figures broken out from the overall numbers) even though repeatedly been asked.
On Feb 14, CCP's United Front posted an article on its official website, saying (Eng. text by Google Translation):
Fast! There is no time difference to raise urgently needed materials! Some Overseas Chinese have used their professions in the field of medicine in order to purchase relevant materials Hubei province in short of supply (to send them to China). .... Some Overseas Chinese took advantage of the connection resources, opened green transportation channels through our embassies and consulates abroad, and their related enterprises, and quickly sent large quantities of medical supplies (to China), making this love relay link and cooperation seamless.
On Feb 18, Reuters reports that 3M is on the list of firms eligible for China loans to ease coronavirus crisis.
There is no indication from the list that loans offered will necessarily be sought, or that such firms are in any financial need. The Bank of Shanghai told Reuters it will lend 5.5 billion yuan ($786 million) to 57 firms on its list.
On Feb 21, Xi Jinping writes a thank-you letter to Bill Gates for his foundation’s support to China regarding COVID-19 outbreak.
On Feb 24, China was rumoured on Twitter to delay the phase one trade deal implementation indefinitely which includes the increase of China's purchasing American products & services by at least $200 billion over the next two years.
Also on Feb 24, S&P 500 Index started to drop. Opened with 3225.9 and closed 3128.2. By the Mar 23, it dropped to 2208.9.
Also on Feb 24, China's National Health Commission says the WHO experts have visited Wuhan city for the first time, the locked-down central Chinese city at the epicentre, inspecting two hospitals and a makeshift one at a sports centre.
On Feb 26, IF the picture that has been circulated on Twitter were real, then chief Chen Wei and her team have developed the first batch of COVID-19 vaccine within time frame of a month.
On the same day, the CDC's latest figures displays 59 people in the US who have tested positive for COVID-19.
Also on Feb 26, the Washington Post published an article that says:
.... the WHO said it has repeatedly asked Chinese officials for "disaggregated" data — meaning specific figures broken out from the overall numbers — that could shed light on hospital transmission and help assess the level of risk front-line workers face. "We received disaggregated information at intervals, though not details about health care workers," said Tarik Jasarevic of the WHO. — The comment, in an email on Feb 22 to the Post, was one of the first instances that the WHO had directly addressed shortcomings in China's reporting or handling of the coronavirus crisis.
On Feb 27, after missteps, the CDC says its test kit is ready and the US started to expand testing.
On Feb 28, China transferred more than 80,000 Uighurs to factories used by global brands such as Apple, Nike, & Volkswagen & among others.
Also on Feb 28, the WHO published the official report of the WHO-China joint mission on coronavirus disease 2019. (PDF)
On Feb 29, quoting Caixin media's investigation published on the same day, Lianhe Zaobao, the largest Singapore-based Chinese-language newspaper, published an article reporting the following:
Dr. Li Wenliang said in the interview with Caixin media; [in Dec 2019] another doctor (later turned out to be Dr. Ai Fen) examined and tried to treat a patient who exhibited SARS-like symptoms which akin to influenza resistant to conventional treatment methods. And "the family members who took care of her (the patient) that night also had a fever, and her other daughter also had a fever. This is obviously from person to person" Dr. Li said in the interview."
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On Mar 01, China's State Council super tighten up their already draconian internet law.
On the same day, Princelings published an propaganda called "A Battle Against Epidemic: China Combating COVID-19 in 2020" which compiles numerous state media accounts on the heroic leadership of Xi Jinping, the vital role of the Communist Party, and the superiority of the Chinese system in fighting the virus.
Starting on Mar 03, the US Fed has taken two significant measures to provide monetary stimulus. It's going to be no use as if a group of people with serious means are manipulating the markets to make sure MM will have liquidity concerns when they need it most.
On Mar 04, Xinhua News, China's official state-run press agency posted an article "Be bold: the world should thank China" which states that
If China retaliates against the US at this time, it will also announce strategic control over medical products, and ban exports of said products to the US. ... If China declares today that its drugs are for domestic use only, the US will fall into the hell of new coronavirus epidemic.
On Mar 05, Shanghai Index has recovered the coronavirus loss almost completely.
On Mar 07, Saudi's Ahmed bin Abdulaziz and Muhammad bin Nayef were arrested on the claims of plotting to overthrow King Salman. — Ahmed bin Abdulaziz is known to have very tight investment-interest relationship with Bill Gates, Bill Browder, Blackstone, & BlackRock: One common factor that connects these people is China.
On Mar 08, the Russia–Saudi oil price war has begun. The ostensible reason was simple: China, the biggest importer of oil from Saudi and Russia, was turning back tankers while claiming that the outbreak forced its economy to a standstill.
On Mar 10, the Washington Post published the article saying that the trade group for manufacturers of personal protective equipment urged in 2009 "immediate action" to restock the national stockpile including N95 masks, but it hasn't been replenished since.
On Mar 11, the gentleman at the WHO declares the coronavirus outbreak a "Global Pandemic." He called on governments to change the course of the outbreak by taking "urgent and aggressive action." This was a full twelve days after the organization published the official report regarding the situation in China.
On Mar 13, the US admin declared a National Emergency and announced the plan to release $50 billion in federal resources amid COVID-19.
Also on Mar 13, China's Ministry of Commerce states that China is now the best region for global investment hedging.
On Mar 15, Business Insider reports that Trump tried to poach German scientists working on a coronavirus vaccine and offered cash so it would be exclusive to the US. The problem is the official CureVac (the German company) twitter account, on Mar 16, 2020, tweeted the following:
To make it clear again on coronavirus: CureVac has not received from the US government or related entities an offer before, during and since the Task Force meeting in the White House on March 2. CureVac rejects all allegations from press.
On Mar 16, the fan club of European globalists has published a piece titled, "China and Coronavirus: From Home-Made Disaster to Global Mega-Opportunity." The piece says:
The Chinese method is the only method that has proved successful [in fighting the virus], is a message spread online in China by influencers, including many essentially promoting propaganda. ... it is certainly a message that seems to be resonating with opinion leaders around the world.
On the same day, unlike China that had one epicentre, Wuhan city, the US now overtakes China with most cases reporting multiple epicentres simultaneously.
Also on Mar 16, the US stocks ended sharply lower with the Dow posting its worst point drop in history. But some showed a faint hint of uncertain hope.
On Mar 17, according to an article on Chinese version of Quora, Zhihu, chief Chen Wei and her team with CanSino Biologics officially initiated a Phase-1 clinical trial for COVID-19 vaccine at the Wuhan lab, Hubei China, which Bloomberg News confirmed. — Click HERE, then set its time period as 1 year, and see when the graph has started to move up.
Also on Mar 17, China's state media, China Global TV Network (CGTN), has produced YouTube videos for Middle Eastern audiences to spread the opinion that the US has engineered COVID-19 events.
Also on Mar 17, Al Jazeera reported that the US President has been criticized for repeatedly referring to the coronavirus as the "Chinese Virus" as critics saying Trump is "fueling bigotry."
• China's Xinhua News tweeted "Racism is not the right tool to cover your own incompetence."
• Tucker Carlson asked: "Why would America's media take China's side amid coronavirus pandemic?"
• Also, Mr. Bill Gates: "We should not call this the Chinese virus."
On Mar 19, for the first time, China reports zero local infections.
Also on Mar 19, Al Jazeera published an analysis report, titled "Coronavirus erodes Trump's re-election prospects."
On Mar 22, Bloomberg reports that China's mobile carriers lost 21 million users during this pandemic event. It's said to be the first net decline since starting to report monthly data in 2000.
On Mar 26, EURACTV reports that China cashes in off coronavirus, selling Spain $466 million in supplies. However, Spain returns 9,000 "quick result" test kits to China, because they were deemed substandard. — Especially the sensibility of the test was around 30 percent, when it should be higher than 80 percent.
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On Apr 03, Germany and other governments are bolstering corporate defenses to address worries that coronavirus-weakened companies could be easy prey for bargain hunting by China's state owned businesses.
On Apr 05, New York Times says "Trump Again Promotes Use of Unproven Anti-Malaria Drug (hydroxychloroquine)."
On Apr 06, a Democratic State Rep. Karen Whitsett from Detroit credits hydroxychloroquine and President Trump for "saving her in her battle with the coronavirus."
On Apr 07, the US CDC removed the following part from its website.
Although optimal dosing and duration of hydroxychloroquine for treatment of COVID-19 are unknown, some U.S. clinicians have reported anecdotally different hydroxychloroquine dosing such as: 400mg BID on day one, then daily for 5 days; 400 mg BID on day one, then 200mg BID for 4 days; 600 mg BID on day one, then 400mg daily on days 2-5.
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☞ If there were ever a time for people not to be partisan and tribal, the time has come: We need to be ever vigilant and attentive to all kinds of disinformation & misinformation to see it better as well as to be sharp in our lives. — We really do need to come together.
☞ At first, I was going to draw up a conspiracy theory-oriented list focused on Team-Z, especially Mr. Gates. However, although it's nothing new tbh, recently many chats and discussions seem overflowing with disinformation & misinformation which is, in my opinion, particularly painful at a time like this. Hence, this post became a vanilla list that's just recorded the notable events. — We all are subject to misinformation, miscalculation, and misjudgment. But the clearer the picture becomes the better we can identify Funkspiel.
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Immediate Aftermath pt.2.a
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Feasible Timeline of the Operation
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☞ Go Back to the Short Story.
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submitted by vanillabluesea to conspiracy [link] [comments]

My First Year of Trading

So here it is, three more days and October begins, which marks one year of trading for me. I figured I would contribute to the forum and share some of my experience, a little about me, and what I've learned so far. Whoever wants to listen, that's great. This might get long so buckle up..
Three years ago, I was visiting Toronto. I don't get out much, but my roommate at the time travels there occasionally. He asked everyone at our place if we wanted to come along for a weekend. My roommate has an uncle that lives there and we didn't have to worry about a hotel because his uncle owns a small house that's unlived in which we could stay at. I was the only one to go with. Anyways, we walk around the city, seeing the sights and whatnot.
My friend says to me "where next?"
"I don't know, you're the tour guide"
"We can go check out Bay Street"
"what's 'Bay Street?'"
"It's like the Canadian Wall street! If you haven't seen it you gotta see it!"
Walking along Bay, I admire all the nice buildings and architecture, everything seems larger than life to me. I love things like that. The huge granite facades with intricate designs and towering pillars to make you think, How the fuck did they make that? My attention pivots to a man walking on the sidewalk opposite us. His gait stood out among everyone, he walked with such a purpose.. He laughed into the cell phone to his ear. In the elbow-shoving city environment, he moved with a stride that exuded a power which not only commanded respect, but assumed it. I bet HE can get a text back, hell he's probably got girls waiting on him. This dude was dressed to kill, a navy suit that you could just tell from across the street was way out of my budget, it was a nice fucking suit. I want that. His life, across the street, seemed a world a way from my own. I've worn a suit maybe twice in my life. For my first communion, it was too big for me, I was eleven or whatever so who gives a shit, right? I'm positive I looked ridiculous. The other time? I can't remember.
I want that. I want the suit. I want the wealth, the independence. I want the respect and power, and I don't give a shit what anyone thinks about it.
Cue self doubt.
Well, He's probably some rich banker's son. That's a world you're born into. I don't know shit about it. \sigh* keep walking..*

A year later, I'm visiting my parents at their house, they live an hour away from my place. My dad is back from Tennessee, his engineering job was laying people off and he got canned... Or he saw the end was near and just left... I don't know, hard to pay attention to the guy honestly because he kind of just drones on and on. ("Wait, so your mom lives in Michigan, but your dad moved to Tennessee... for a job?" Yea man, I don't fucking know, not going to touch on that one.) The whole project was a shit show that was doomed to never get done, the way he tells it. And he's obviously jaded from multiple similar experiences at other life-sucking engineer jobs. My mom is a retired nurse practitioner who no longer works because of her illness. I ask him what he's doing for work now and he tells me he trades stocks from home. I didn't even know you could do that. I didn't know "trading" was a thing. I thought you just invest and hope for the best.
"Oh that's cool, how much money do you need to do that?"
"Ehh, most say you need at least $25,000 as a minimum"
"Oh... guess I can't do that..."
Six months later, I get a call and it's my dad. We talk a little about whatever. Off topic, he starts asking if I'm happy doing what I'm doing (I was a painter, commercial and residential) I tell him yes but it's kind of a pain in the ass and I don't see it as a long term thing. Then he gets around to asking if I'd like to come work with him. He basically pitches it to me. I'm not one to be sold on something, I'm always skeptical. So I ask all the questions that any rational person would ask and he just swats them away with reassuring phrases. He was real confident about it. But basically he says for this to work, I have to quit my job and move back home so he can teach me how to trade and be by my side so I don't do anything stupid. "My Name , you can make so much money." I say that I can't raise the $25,000 because I'm not far above just living paycheck to paycheck. "I can help you out with that." Wow, okay, well... let me think about it.
My "maybe" very soon turned into a "definitely." So over the next six months, I continue to work my day job painting, and I try to save up what I could for the transition (it wasn't a whole lot, I sucked at saving. I was great at spending though!). My dad gives me a book on day trading (which I will mention later) and I teach myself what I can about the stock market using Investopedia. Also in the meantime, my dad sends me encouraging emails. He tells me to think of an annual income I would like to make as a trader, and used "more than $100,000 but less than a million" as a guideline. He tells me about stocks that he traded that day or just ones that moved and describes the basic price action and the prices to buy and sell at. Basically saying "if you bought X amount of shares here and sold it at X price here, you could make a quick 500 bucks!" I then use a trading sim to trade those symbols and try to emulate what he says. Piece of cake. ;)
Wow, that's way more than what I make in a day.
He tells me not to tell anyone about my trading because most people just think it's gambling. "Don't tell your Mom either." He says most people who try this fail because they don't know how to stop out and take a loss. He talks about how every day he was in a popular chatroom, some noob would say something like, "Hey guys, I bought at X price (high of day or thereabout), my account is down 80% .. uhh I'm waiting for it to come back to my entry price.. what do I do??"
Well shit, I'm not that fucking dumb. If that's all it takes to make it is to buy low, sell high, and always respect a stop then I'll be fantastic.
By the end of September, I was very determined. I had been looking forward everyday to quitting my painting job because while it used to be something I loved, it was just sucking the life out of me at this point. Especially working commercial, you just get worked like a dog. I wasn't living up to my potential with that job and I felt awful for it every minute of every day. I knew that I needed a job where I could use my brain instead of slaving my body to fulfill someone else's dream. "Someone's gotta put gas in the boss's boat" That's a line my buddy once said that he probably doesn't know sticks with me to this day.
It ain't me.
So now it was October 2018, and I'm back living with Mom n' Pops. I was so determined that on my last day of work I gave away all of my painting tools to my buddy like, "here, I don't need this shit." Moving out of my rental was easy because I don't own much, 'can't take it with ya.' Excited for the future I now spend my days bundled up in winter wear in the cold air of our hoarder-like basement with a space heater at my feet. My laptop connected to a TV monitor, I'm looking at stocks next to my dad and his screens in his cluttered corner. Our Trading Dungeon. I don't trade any money, (I wasn't aware of any real-time sim programs) I just watch and learn from my dad. Now you've got to keep in mind, and look at a chart of the S&P, this is right at the beginning of Oct '18, I came in right at the market top. Right at the start of the shit-show. For the next three or four weeks, I watch my dad pretty much scratch on every trade, taking small loss after small loss, and cursing under his breath at the screen.
Click.
"dammit."
Click.
"shit."
Click. Click.
"you fuck."
Click.
This gets really fucking annoying as time goes on, for weeks, and I get this attitude like ugh, just let me do it. I'll make us some fucking money. So I convince him to let me start trading live. I didn't know anything about brokers so I set up an account using his broker, which was Fidelity. It was a pain and I had to jump through a lot of hoops to be able to day trade with this broker. I actually had to make a joint account with my dad as I couldn't get approved for margin because my credit score is shit (never owned a credit card) and my net worth, not much. Anyways, they straight up discourage day trading and I get all kinds of warning messages with big red letters that made me shit myself like oooaaahhh what the fuck did I do now. Did I forget to close a position?? Did I fat finger an order? Am I now in debt for thousands of dollars to Fidelity?? They're going to come after me like they came after Madoff. Even after you are approved for PDT you still get these warning messages in your account. Some would say if I didn't comply with "whatever rule" they'd even suspend my account for 60 days. It was ridiculous, hard to describe because it doesn't make sense, and it took the support guy on the phone a good 20 minutes to explain it to me. Basically I got the answer "yea it's all good, you did nothing wrong. As long as you have the cash in your account to cover whatever the trade balance was" So I just kept getting these warnings that I had to ignore everyday. I hate Fidelity.
My fist day trading, I made a few so-so trades and then I got impatient. I saw YECO breaking out and I chased, soon realized I chased, so I got out. -$500. Shit, I have to make that back, I don't want my dad to see this. Got back in. Shit. -$400. So my first day trading, I lost $900. My dumbass was using market orders so that sure didn't help. I reeled the risk back and traded more proper position size for a while, but the commissions for a round trip are $10, so taking six trades per day, I'm losing $60 at a minimum on top of my losing trades. Quickly I realized I didn't know what the hell I was doing. What about my dad? Does HE know? One day, in the trading dungeon, I was frustrated with the experience I'd been having and just feeling lost overall. I asked him.
"So, are you consistently profitable?"
"mmm... I do alright."
"Yea but like, are you consistently profitable over time?"
.........................
"I do alright."
Silence.
"Do you know any consistently profitable traders?"
"Well the one who wrote that book I gave you, Tina Turner.. umm and there's Ross Cameron"
......................
"So you don't know any consistently profitable traders, personally.. People who are not trying to sell you something?"
"no."
...................
Holy fucking shit, what did this idiot get me into. He can't even say it to my face and admit it.
This entire life decision, quitting my job, leaving my rental, moving from my city to back home, giving shit away, it all relied on that. I was supposed to be an apprentice to a consistently profitable day trader who trades for a living. It was so assumed, that I never even thought to ask! Why would you tell your son to quit his job for something that you yourself cannot do? Is this all a scam? Did my dad get sold a DREAM? Did I buy into some kind of ponzi scheme? How many of those winning trades he showed me did he actually take? Are there ANY consistently profitable DAY TRADERS who TRADE FOR A LIVING? Why do 90% fail? Is it because the other 10% are scamming the rest in some way? Completely lost, I just had no clue what was what. If I was going to succeed at this, if it was even possible to succeed at this, it was entirely up to me. I had to figure it out. I still remember the feeling like an overwhelming, crushing weight on me as it all sunk in. This is going to be a big deal.. I'm not the type to give up though. In that moment, I said to myself,
I'm going to fucking win at this. I don't know if this is possible, but I'm going to find out. I cannot say with certainty that I will succeed, but no matter what, I will not give up. I'm going to give all of myself to this. I will find the truth.
It was a deep moment for me. I don't like getting on my soapbox, but when I said those things, I meant it. I really, really meant it. I still do, and I still will.
Now it might seem like I'm being hard on my dad. He has done a lot for me and I am very grateful for that. We're sarcastic as hell to each other, I love the bastard. Hell, I wouldn't have the opportunity to trade at all if not for him. But maybe you can also understand how overwhelmed I felt at that time. Not on purpose, of course he means well. But I am not a trusting person at all and I was willing to put trust into him after all the convincing and was very disappointed when I witnessed the reality of the situation. I would have structured this transition to trading differently, you don't just quit your job and start trading. Nobody was there to tell me that! I was told quite the opposite. I'm glad it happened anyway, so fuck it. I heard Kevin O'Leary once say,
"If I knew in the beginning how difficult starting a business was, I don't know that I ever would've started."
This applies very much to my experience.
So what did I do? Well like everyone I read and read and Googled and Youtube'd my ass off. I sure as hell didn't pay for a course because I didn't have the money and I'm like 99% sure I would be disappointed by whatever they were teaching as pretty much everything can be found online or in books for cheap or free. Also I discovered Thinkorswim and I used that to sim trade in real-time for three months. This is way the hell different than going on a sim at 5x speed and just clicking a few buy and sell buttons. Lol, useless. When you sim trade in real-time you're forced to have a routine, and you're forced to experience missing trades with no chance to rewind or skip the boring parts. That's a step up because you're "in it". I also traded real money too, made some, lost more than I made. went back to sim. Traded live again, made some but lost more, fell back to PDT. Dad fronted me more cash. This has happened a few times. He's dug me out of some holes because he believes in me. I'm fortunate.
Oh yeah, about that book my dad gave me. It's called A Beginner's Guide to Day Trading Online by Toni Turner. This book... is shit. This was supposed to be my framework for how to trade and I swear it's like literally nothing in this book fucking works lol. I could tell this pretty early on, intuitively, just by looking at charts. It's basically a buy-the-breakout type strategy, if you want to call it a strategy. No real methodology to anything just vague crap and showing you cherry-picked charts with entries that are way too late. With experience in the markets you will eventually come to find that MOST BREAKOUTS FAIL. It talks about support/resistance lines and describes them as, "picture throwing a ball down at the floor, it bounces up and then it bounces down off the ceiling, then back up." So many asinine assumptions. These ideas are a text book way of how to trade like dumb money. Don't get me wrong, these trades can work but you need to be able to identify the setups which are more probable and identify reasons not to take others. So I basically had to un-learn all that shit.
Present day, I have a routine in place. I'm out of the dungeon and trade by myself in my room. I trade with a discount broker that is catered to day traders and doesn't rape me on commissions. My mornings have a framework for analyzing the news and economic events of the particular day, I journal so that I can recognize what I'm doing right and where I need to improve. I record my screens for later review to improve my tape reading skills. I am actually tracking my trades now and doing backtesting in equities as well as forex. I'm not a fast reader but I do read a lot, as much as I can. So far I have read about 17-18 books on trading and psychology. I've definitely got a lot more skilled at trading.
As of yet I am not net profitable. Writing that sounds like selling myself short though, honestly. Because a lot of my trades are very good and are executed well. I have talent. However, lesser quality trades and trades which are inappropriately sized/ attempted too many times bring down that P/L. I'm not the type of trader to ignore a stop, I'm more the trader that just widdles their account down with small losses. I trade live because at this point, sim has lost its value, live trading is the ultimate teacher. So I do trade live but I just don't go big like I did before, I keep it small.
I could show you trades that I did great on and make people think I'm killing it but I really just don't need the validation. I don't care, I'm real about it. I just want to get better. I don't need people to think I'm a genius, I'm just trying to make some money.
Psychologically, to be honest with you, I currently feel beaten down and exhausted. I put a lot of energy into this, and sometimes I work myself physically sick, it's happened multiple times. About once a week, usually Saturday, I get a headache that lasts all day. My body's stress rebound mechanism you might call it. Getting over one of those sick periods now, which is why I barely even traded this week. I know I missed a lot of volatility this week and some A+ setups but I really just don't give a shit lol. I just currently don't have the mental capital, I think anyone who's been day trading every day for a year or more can understand what I mean by that. I'm still being productive though. Again, I'm not here to present an image of some badass trader, just keeping it real. To give something 100% day after day while receiving so much resistance, it takes a toll on you. So a break is necessary to avoid making bad trading decisions. That being said, I'm progressing more and more and eliminating those lesser quality trades and identifying my bad habits. I take steps to control those habits and strengthen my good habits such as having a solid routine, doing review and market research, taking profits at the right times, etc.
So maybe I can give some advice to some that are new to day trading, those who are feeling lost, or just in general thinking "...What the fuck..." I thought that every night for the first 6 months lol.
First of all, manage expectations. If you read my story of how I came to be a trader, you can see I had a false impression of trading in many aspects. Give yourself a realistic time horizon to how progress should be made. Do not set a monetary goal for yourself, or any time-based goal that is measured in your P/L. If you tell yourself, "I want to make X per day, X per week, or X per year" you're setting yourself up to feel like shit every single day when it's clear as the blue sky that you won't reach that goal anytime soon. As a matter of fact, it will appear you are moving further AWAY from that goal if you just focus on your P/L, which brings me to my next point.
You will lose money. In the beginning, most likely, you will lose money. I did it, you'll do it, the greatest Paul Tudor Jones did it. Trading is a skill that needs to be developed, and it is a process. Just look at it as paying your tuition to the market. Sim is fine but don't assume you have acquired this skill until you are adept at trading real money. So when you do make that leap, just trade small.
Just survive. Trade small. get the experience. Protect your capital. To reach break even on your bottom line is a huge accomplishment. In many ways, experience and screen time are the secret sauce.
Have a routine. This is very important. I actually will probably make a more in-depth post in the future about this if people want it. When I first started, I was overwhelmed with the feeling "What the fuck am I supposed to DO?" I felt lost. There's no boss to tell you how to be productive or how to find the right stocks, which is mostly a blessing, but a curse for new traders.
All that shit you see, don't believe all that bullshit. You know what I'm talking about. The bragposting, the clickbait Youtube videos, the ads preying on you. "I made X amount of money in a day and I'm fucking 19 lolz look at my Lamborghini" It's all a gimmick to sell you the dream. It's designed to poke right at your insecurities, that's marketing at it's finest. As for the bragposting on forums honestly, who cares. And I'm not pointing fingers on this forum, just any trading forum in general. They are never adding anything of value to the community in their posts. They never say this is how I did it. No, they just want you to think they're a genius. I can show you my $900 day trading the shit out of TSLA, but that doesn't tell the whole story. Gamblers never show you when they lose, you might never hear from those guys again because behind the scenes, they over-leveraged themselves and blew up. Some may actually be consistently profitable and the trades are 100% legit. That's fantastic. But again, I don't care, and you shouldn't either. You shouldn't compare yourself to others.
"Everyone's a genius in a bull market" Here's the thing.. Markets change. Edges disappear. Trading strategies were made by traders who traded during times when everything they did worked. Buy all the breakouts? Sure! It's the fucking tech bubble! Everything works! I'm sure all those typical setups used to work fantastically at some point in time. But the more people realize them, the less effective they are. SOMEONE has to be losing money on the opposite side of a winning trade, and who's willing to do that when the trade is so obvious? That being said, some things are obvious AND still work. Technical analysis works... sometimes. The caveat to that is, filters. You need to, in some way, filter out certain setups from others. For example, you could say, "I won't take a wedge pattern setup on an intraday chart unless it is in a higher time frame uptrend, without nearby resistance, and trading above average volume with news on that day."
Have a plan. If you can't describe your plan, you don't have one. Think in probabilities. You should think entirely in "if, then" scenarios. If X has happens, then Y will probably happen. "If BABA breaks this premarket support level on the open I will look for a pop up to short into."
Backtest. Most traders lose mainly because they think they have an edge but they don't. You read these books and all this stuff online telling you "this is a high probability setup" but do you know that for a fact? There's different ways to backtest, but I think the best way for a beginner is manual backtesting with a chart and an excel sheet. This builds up that screen time and pattern recognition faster. This video shows how to do that. Once I saw someone do it, it didn't seem so boring and awful as I thought it was.
Intelligence is not enough. You're smarter than most people, that's great, but that alone is not enough to make you money in trading necessarily. Brilliant people try and fail at this all the time, lawyers, doctors, surgeons, engineers.. Why do they fail if they're so smart? It's all a fucking scam. No, a number of reasons, but the biggest is discipline and emotional intelligence.
Journal every day. K no thanks, bro. That's fucking gay. That's how I felt when I heard this advice but really that is pride and laziness talking. This is the process you need to do to learn what works for you and what doesn't. Review the trades you took, what your plan was, what actually happened, how you executed. Identify what you did well and what you can work on. This is how you develop discipline and emotional intelligence, by monitoring yourself. How you feel physically and mentally, and how these states affect your decision-making.
Always be learning. Read as much as you can. Good quality books. Here's the best I've read so far;
Market Wizards -Jack Schwager
One Good Trade -Mike Bellafiore
The Daily Trading Coach -Bret Steenbarger
Psycho-cybernetics -Maxwell Maltz
Why You Win or Lose -Fred Kelly
The Art and Science of Technical Analysis -Adam Grimes
Dark Pools -Scott Patterson
Be nimble. Everyday I do my research on the symbols I'm trading and the fundamental news that's driving them. I might be trading a large cap that's gapping up with a beat on EPS and revenue and positive guidance. But if I see that stock pop up and fail miserably on the open amidst huge selling pressure, and I look and see the broader market tanking, guess what, I'm getting short, and that's just day trading. The movement of the market, on an intraday timeframe, doesn't have to make logical sense.
Adapt. In March I used to be able to buy a breakout on a symbol and swing it for the majority of the day. In the summer I was basically scalping on the open and being done for the day. Volatility changes, and so do my profit targets.
Be accountable. Be humble. Be honest. I take 100% responsibility for every dime I've lost or made in the market. It's not the market makers fault, it wasn't the HFTs, I pressed the button. I know my bad habits and I know my good habits.. my strengths/ my weaknesses.
Protect yourself from toxicity. Stay away from traders and people on forums who just have that negative mindset. That "can't be done" mentality. Day trading is a scam!! It can certainly be done. Prove it, you bastard. I'm posting to this particular forum because I don't see much of that here and apparently the mods to a good job of not tolerating it. As the mod wrote in the rules, they're most likely raging from a loss. Also, the Stocktwits mentality of "AAPL is going to TANK on the open! $180, here we come. $$$" , or the grandiose stories, "I just knew AMZN was going to go up on earnings. I could feel it. I went ALL IN. Options money, baby! ka-ching!$" Lol, that is so toxic to a new trader. Get away from that. How will you be able to remain nimble when this is your thought process?
Be good to yourself. Stop beating yourself up. You're an entrepreneur. You're boldly going where no man has gone before. You've got balls.
Acknowledge your mistakes, don't identify with them. You are not your mistakes and you are not your bad habits. These are only things that you do, and you can take action necessary to do them less.
It doesn't matter what people think. Maybe they think you're a fool, a gambler. You don't need their approval. You don't need to talk to your co-workers and friends about it to satisfy some subconscious plea for guidance; is this a good idea?
You don't need anyone's permission to become the person you want to be.
They don't believe in you? Fuck 'em. I believe in you.
submitted by indridcold91 to Daytrading [link] [comments]

An Honest Review of T3 Newsbeat Live

T3 Newsbeat Live is run by Mark Melnick, a 20-year veteran trader from New York. According to him, he made his first million at the age of 19 during the dot-com boom back in the late 90s.
He claims that his trading room is the fastest growing trading room at T3 and also the Wall Street’s #1 trading room. You can see this in the description of his videos on Youtube.
He is a big proponent of reaching the highest win rate possible in trading. He openly shares some of his trading strategies in free videos and claims that some of his strategies are batting over 70% or even 80 %.
He also often says that some of the members enjoy a win rate over 90% using his strategies.
I will let you be the judge of this.
Self-Promotion
He makes a lot of videos to attract new people into his trading room. His daily videos are uploaded on Facebook and Youtube almost daily even on Weekends (mostly excluding Friday evening & Saturdays).
In so many videos you’d hear him talking about how his trading room has an edge over other trading rooms while bashing other trading rooms as a whole.
He often talks about how his trading room bought stocks/options at the near bottom or shorted at the near top using his “algorithmic analysis” which can be applied to all markets (stocks, future, forex, crypto).
Piques your curiosity, right?
In fact, that’s how I got to give his trading room a try.
“Who in the hell wouldn’t want to catch the top & bottom in the markets, right?”
So, you would think people in his room and himself are making a killing using his algorithmic analysis?
Not so fast… (in fact, his algorithmic analysis is just drawing trendlines and identifying the most probable support and resistance)
When it works (of course, nothing works 100% of the time), you are able to catch just few cents off the top and bottom when it works if you follow his trade.
However, you have no idea how long you’d have to hold your position. Mark doesn’t know either.
So, he usually goes for nickels and dimes and rarely holds a position longer than 5 minutes.
Even if he’s good at picking bottoms and tops, you’d often risk more than nickels and dimes just to make nickels and dimes. Make sense, right?
…….
…….
…….
Also, because he gets out of his positions fast, he misses out on riding some potentially big trades.
Oh, how I wish stay in that position a bit longer. He doesn’t say but one can surmise that he often leave too much on the table.
Of course, it’s important to take your profit fast when you scalp but you consistently leave too much on the table like he does, one has to wonder if he has any system for taking profits (otherwise, it’s all discretionary guessing).
This type of bottom/top picking is not his main strategy, though.
The strategy that makes him the most amount of money might surprise you. I will get to this later.
How Mark Trades (Mark’s Trading Setups and Strategies)
Mainly, he scans the market in the morning for earnings reports, analysts’ upgrades/downgrades and other catalysts that have potential to make moves in the market.
He openly shares his mockery or insult of analysts, calling certain analysts “idiots” or “imbeciles”.
He puts on his first trade(s) early in the morning (from 9:30AM to 10:00AM Eastern Standard Time) when the market move is the most volatile.
Some of his strategies use market order during this period of volatile time using options. You can see why this can be very risky and especially on thinly traded options with side spread.
He does point out this but sometimes you hear people in the room stuck in an options position that they can’t get out.
Just like his trades from calling the top/bottom of a stock, he gets in and gets out of a position within minutes if not seconds while going for nickels and dimes while staring at 1minute and 5-minutes charts.
That applies to most, if not all of his strategies. (Yes, sometimes he does catch bigger moves than nickels and dimes.)
When you trade during the most volatile time in the morning, you’re subjected to wild moves in both directions. If you’re overly prudent or inexperienced in trading, your stop (unless very wide), has a very high chance of hitting. A lot of times it might stop you out and go in the direction that you predicted.
So, when you’ve been trading during this time, you’d probably don’t set a stoploss order or a hard stop to avoid getting fleeced.
You do have to be proactive at cutting your loss as quickly as possible. Otherwise you’d find yourself scrambling to get out your position while the bid keeps dropping.
I have to say that Mark is very cautious and he does get out of trades very fast if he has doubt.
A lot of times he lets out exhausting, heavy sighs and even murmurs some swear words when things don’t seem to go the way he wants in a trade. Besides calling certain analysts, “imbeciles” and “idiots”, this is quite unprofessional but no one in the room has the gut to point things out like this.
The irony is that he is the “head of trading psychology” at T3 and it doesn’t seem like that he doesn’t have much control over his trading psychology and let alone his emotion.
People in trading chatrooms, like a herd of sheep, as a whole exhibit herd mentality. Even in an online chatroom, you don’t often see someone ruffling feathers and say what they really want to say.
This is probably because of the certain amount of people believing whatever he says without questioning the validity and quality of his comments.
He has several strategies and according to him all of them have win rate over %70.
However, he also comes up with new strategies as often as every month. He either comes up with new strategy or tweaks his existing strategies.
According to him, the reason is that the market is always evolving and you need to constantly adapt yourself to the ever-changing market environment.
What do you think? Does this sound like someone with an edge?
And for someone who scalps for nickels and dimes, he claims to have the highest Sharpe Ratio that he has ever seen in the industry. I’m NOT making this up. He often utters remarks like “My Sharpe Ratio is one of the highest I’ve seen in my twenty-year trading career.”, “I want to create a of traders with a very high Sharpe Ratio.
How can you achieve a high Sharpe Ratio when you scalp all the time?
And let’s not even talk about commissions generated from frequent scalping.
Who cares about commissions when you can be a scalper with high Sharpe Ratio?
Now, I want to talk about something controversial about his most profitable strategy.
Chatters
According to him, he makes the most amount of money using what he calls “Chatters”. He admits he bets on this kind of trades heavily.
His chatter trades are based on the “newsflow” of big funds making a move in certain stocks and piggybacking on the same trade before others catch on.
No one knows how he exactly gets his “newsflow” and he doesn’t give a straight answer when asked.
Maybe he pays a lot for this kind of information or maybe it’s given to him for free. Who knows?
But it makes sense. The name of the room is Newsbeat Live. Without this the name wouldn’t be the same.
This is probably the only real edge that he has and it’s understandable that he doesn’t want to reveal how he get this kind of newsflow and from where.
By joining his trading room he’ll make a callout on these trades for you to take advantage of.
In order to do this kind of trade, you have to be very quick on your trigger finger.
Almost always the initial move is done within a couple of minutes, if not seconds. If you get in late, you find yourself a sucker buying at or near the top.
Also, because you want to get in as soon as you hear his “chatter” announcements, he advised people to get in within 5 seconds of each chatter announcement and use market order to get in. He said that if he had a small account, he’d bet 100% on this kind of “high-octane” chatter trades and get in and get out fast for “easy” money.
This was how chatter trades were done
…Until one they when many people got burned badly.
Back in September or October of 2019, a lot of people in the room lost a lot money because they market ordered call options contracts on a chatter trade.
The spread on that trade was something like BID: 0.5 ASK: 5.00 few seconds after he announced it.
I didn’t take that trade. No way, I’m going to buy something that has a spread like that.
If you’ve been trading options you know that this kind of spread can happen. Many people that day in the room marketed-in on the trade, taking the offer at ASK.
They found themselves buying at $5.0 per contract when someone probably bought the same contract at $0.40 or $0.50 just few seconds ago.
Someone walked away with decent profits on that trade.
This was the biggest trading chatroom fiasco I’ve ever seen.
People in the room grieving and throwing numbers of how much they had just lost. 10K, 20K, 30K and even $60K.
Could it be also that someone who lost more and didn’t want to talk about it because it’d hurt too much? And how embarrassing to talk about such a loss. I give credit to people who spoke up about it.
People were obviously distressed and what did Mr. Mark Melnick do at this moment?
Initially, he didn’t say much. But what he said he was going to walk away from the trading desk to clear his mind.
It took a while for him to come back and he mentioned that it hurt him a lot that people lost a lot of money and encouraged people not to hesitate to contact him.
I don’t think he ever said anything about that he made a mistake insinuating to load up on chatter trades. No apology since everyone who took the trade did it at their own risk. He advised people to reach out to their broker and do whatever it takes to get their trades annulled because the market makers in that trades were despicable crooks and evil.
But let’s get one thing clear. Perhaps the cold hard truth.
Since Mark is the one who announces chatter trades. he basically frontruns everyone who gets in on these trades after him. There were times when he doesn’t take his own chatter trades and lets the room have it.
But when he does, it’s a guarantee win for him.
He has some sycophantic followers in his trading room and these people are always hungry for chatter plays. I can imagine drooling over the idea of next chatter trades.
It’s human to naturally seek the least path of resistance and this type of trade requires no skill but having fast trigger finger and a platform that allows fast execution.
By taking his chatter trades, you are most likely to make money as long as you act fast to get in and get out.
The thing is, you don’t know when it’s exactly the next chatter trade is going to happen.
If you take a bathroom break, you just miss it. If you take a phone call or answer a door bell, you just missed it.
So, it requires you to be glued to your monitor(s) if you want to make the most of your subscription.
So, we went over Mark’s most profitable strategy. But wait we haven’t yet to talk about his overnight swing trades.
Mark’s Swing Trades
His overnight swing trades jokes. Yes, jokes.
A lot of his overnight trades are done just before earnings announcements when implied volatility is at the highest.
You’ve ever bought a call option just before earnings, predicted the right direction but only to find out that you still lost money next morning? This is because of the implied volatility crush post earnings. A lot of people new to options don’t know this and get taken advantage by veterans this way.
I don’t know if Mark knows or not but I witnessed him buying options this way. I think he understand the concept of implied volatility but why he gets on such trades is a mystery.
I haven’t exactly checked the result of all of his swing trades but I wouldn’t be surprised if people lost more money following his swing trades than anything in the room.
Final Word
Mark offers “free-consultation” on the phone for people who struggle in their trading.
He said that he takes a lot of phone calls but often you’d get the feeling that he is distracted, unable to give an undivided attention for his consultation.
“How would you like to get on a free consultation with a millionaire scalper who can take your trading to the next level?” Appealing isn’t it?
But would you want to get on the phone with someone who is going to give a consultation, even if he or she is distracted?
Oh, it’s a free consultation. Ok, why not? What do I got to lose?
In his videos, you’d hear him saying that he cares for everyone in his trading room and considers them as part of his family. And he runs the trading room out of his good heart and intention more than making money.
Besides he says that he makes more money from his trading than running the room.
My suggestion is that you have a look and you’d be the judge.
He does hold “open house” for his trading room from time to time.
Also, I believe that if you try his trading room for the first time, you try it for a month for about $50. As for me, he’s just another front runner using his trading room to profit with a bad sense of humor and exaggeration that make you cringe.
submitted by appplejack007 to Daytrading [link] [comments]

https://www.m1finance.com/articles-2/best-financial-websites/

What are the best financial websites?
The best financial sites offer a wealth of resources to people ranging from beginning investors to seasoned professionals. Some of these websites come from recognized leading financial media sources while others offer personal and investment financial advice from bloggers who have been successful. We have compiled a list of the best financial sites and finance blogs that you should include in your list of reading.
Why should I read the top financial websites?
In the past, people had to rely on financial advisors to gain information and education about finance. That notion has changed with the availability of the internet. There is a variety of top financial websites with more coming online each day. Since not everyone has a background in finance, reading some of the best websites is a great way for you to become more educated and confident about finance.
When did financial advice websites begin?
Financial websites started in the late 1990s with many more coming online in the 2000s. Some, such as Bankrate, started out in print decades ago before transforming into one of the best financial websites. Financial planning websites can help you to learn how to manage your money and to build wealth in a more effective way.
Learn about the best financial websites and financial blogs from M1 Finance Users of the best financial websites today
According to data from Statista, the top three leading finance websites by visitors include Yahoo! Finance with 70 million visitors per month, MSN Money Central with 65 million monthly visitors, and CNN Money with 50 million monthly visitors. The need for financial education and literacy is clear. According to the Financial Educators Council, the average test result for financial literacy across all age groups was a low 63%.
According to the Next Web, more than one million new users of the internet are coming online every day. There are reportedly over 4.3 billion internet users who are now online around the world. The global reach of the internet makes it an ideal vehicle for helping people around the world to become financially literate.
What are some of the best general financial websites?
These best financial websites are leaders in the provision of general financial information. Investors of all levels can benefit by making it a habit to read these top financial websites on a regular basis.
Yahoo!Finance
Yahoo! Finance aggregates finance news from around the internet. It also allows you to purchase company reports. You can find charts, price quotes, information about competitor companies, earnings reports and key ratios for free.
CNBC Markets
CNBC Markets provides up-to-date news about the global markets. In the news section, you can find listings of developments in the U.S. stock markets as well as for developments across Europe and Asia.
Forbes Money
Forbes Money is a leader in the finance and business world. Readers who are invested in topics such as investing, business and leadership can all find something that appeals to them in Forbes. In addition to finance topics, Forbes also covers related financial areas.
Investing.com
Investing.com is one of the best financial sites for people who are interested in active trading. On the home page, you can view forex prices, ETFs, commodities prices and futures contracts. The news section offers in-depth articles. Investors check this site daily to see current quotes for a variety of different investments.
Bloomberg
Bloomberg is one of the best financial websites for market data. On its news section, you can choose from different categories by region, general financial information, industry and asset class. You can see the historical information for a queried stock, which is helpful in identifying how different types of news reports impact the performance of the stock.
Reuters
Reuters is another website for obtaining market data. It offers broad coverage of stock news, sector news and market news. You can also find historical information, as well as an auto-complete stock name feature that is helpful search tool.
GoogleFinance
GoogleFinance is one of the best financial sites because of its search functionality. You can find an abundance of information about price quotes, news, competitor companies, earnings reports and key ratios. Keep in mind that some news items are not in real-time.
Read about the best financial websites and financial blogs from M1 Finance The Wall Street Journal
The Wall Street Journal has been released in print format since 1989. Online, it is reviewed as one of the top financial websites around the world. Readers from across the globe subscribe to the Wall Street Journal for its business news. The WSJ also offers its readers email alerts about news and stock information.
Investopedia
Investopedia is one of the best financial websites because of its emphasis on financial education. You are able to start a watchlist to track your stocks and can take courses on investing through its Investopedia Academy. The many articles offered by Investopedia is a rich resource for people who want to learn more about the stock market and financial principles.
Financial Times
The Financial Times is another leading publication that is read around the world. It offers comprehensive international coverage of financial news. However, you are only able to read the headlines for free. With a paid subscription, you can read the detailed news reports and gain access to diversified content.
NerdWallet
NerdWallet is one of the best financial websites for comparisons. The site allows you to compare investment accounts, high-yield savings accounts, CDs, debit cards, mortgages and credit cards. The site releases a best list for every category annually.
The Economist
The Economist is another go-to source for the latest in international news. It is authoritative and offers in-depth coverage of politics, finance, business, technology and science.
BankRate
BankRate was launched in 1976 as a newsletter and is highly respected. It has become one of the best financial websites available on the internet. You can find a wealth of data on mortgages, bank rates and credit cards. It also offers online financial advice about financial planning, investing and saving for retirement.
Barron’s
Barron’s is a weekly newspaper that has been published since 1921. On its website, it provides news about market developments in the U.S., financial information and related statistics. The website contains interest sections with in-depth coverage contained within each. Latest financial news can be found on its home page, while interest sections include technology, retirement, options and funds.
SEC
The SEC offers primary source material such as the quarterly and annual financial reports that have been filed with the SEC. These include publicly-traded companies’ filings. All of this data can be accessed through EDGAR on the SEC’s website by searching for a stock ticker symbol or the name of a company.
Kiplinger
Kiplinger ranks as one of the top financial advice websites. It is a sound resource for financial advice with coverage on how to save money and avoid fees. Kiplinger has a section that covers the basics of personal finance and has quizzes on a variety of finance topics.
Motley Fool
The Motley Fool offers investors in-depth analysis on general financial information. It also has stock market analyses and insights. While the name might be odd, the financial services company encourages its readers to become financially independent through information and research. Access to advice from experts is offered for an additional charge.
Money Morning
Money Morning boasts a free daily newsletter on information that can help you to become financially independent. The site’s layout is divided into major categories as well as hot topics sections. You can find advice on different stocks with in-depth analyses.
What are some of the best financial websites for stocks and trading?
If you are wanting to focus on the best financial websites for stocks, you can cut down your search time by including in your reading these best financial sites that we have listed for you. Each of these sites allows you to get the information that you need about different stocks and companies so that you can make informed investment decisions.
Investigate the best financial websites and financial blogs from M1 Finance CNN Markets
CNN is among the top news networks in the world. It has a markets section that simplifies browsing of economic news. The markets section contains current financial news, commodities changes, trending stocks and much more. Each of these topics has its own dedicated page for more in-depth information. If you want a fast update about the market news, CNN is a great source.
MarketWatch
MarketWatch has a news viewer section that gives you access to stories that have timestamps. News items are automatically updated, and its coverage includes global stock markets, forex, commodities and other classes of assets. It also offers data about macroeconomics and fundamental analysis information.
Seeking Alpha
Seeking Alpha aggregates data from other financial sites. You can find trending finance articles from across the internet together with the top-performing stocks and recent news. Seeking Alpha articles range from types of investment to investment strategies.
NASDAQ
NASDAQ offers the latest analysis and stock market news. You can find information on companies and their competitors, the latest news and see how the markets are performing. The site also provides quote updates and financial tools to aid in your investing endeavors.
Morningstar
Morningstar allows you to view annual returns of ETFs and mutual funds for the past 10 years. Quarterly and monthly returns for the past five years are also available on this site. You can review the after-tax returns of different funds so that you can gain a better idea of investor earnings.
The Street
The Street is one of the best financial sites for news about investing. When you read The Street, you can find opinions, recommendations, current events and how to get started in the market. There are also paid services that are available to investors, including market analyses and advanced strategies.
Zacks Investment Research
Zacks Investment Research requires you to sign up for a free membership to gain access to its data on funds and stocks. You are able to use this site to conduct comprehensive research. Zacks gives you access to independent reports that can help you when you are trying to build a well-diversified portfolio.
Review the best financial websites and financial blogs from M1 Finance NYSE
If you are invested in the stock market, the NYSE should be included on your list of best financial sites to read. The NYSE access includes listings information, markets, historical and real-time market data. All investors should make a habit of checking the NYSE’s site on a regular basis to stay informed.
What are some of the best financial blog sites?
Our list of best financial websites contains multiple finance blogs. These blogs offer online financial advice and financial planning tools while also providing answers to common investing questions. A list of the best financial sites would not be complete without including these top financial websites.
The Balance
The Balance offers articles that are divided into categories such as retirement, investing, debt management and banking. The articles give advice about many areas of finance and aim to increase your financial literacy.
Wise Bread
Wise Bread is a community of personal finance bloggers and finance experts. The goal is to help people to live well financially and to derive more enjoyment out of life. It includes multiple sections, including personal finance, frugal living, life hacks, credit cards and career advice.
Financial Post
The Financial Post offers a mix of financial news and analysis together with personal finance advice. The site targets a range of people from young investors to high net worth investors.
Money Crashers
Money Crashers is a comprehensive site that covers nearly all things related to finance. You can find information about debt, credit, investments, living frugally, small business and family. The goal is to educate those who are looking to make sound financial decisions.
The Simple Dollar
The Simple Dollar, written by the author of “365 Ways to Live Cheap!”, provides numerous tips for frugal living. It is one of the best financial planning websites for people who are wanting to gain control of their finances. Reading this blog can give you answers to your financial questions about how to reduce your expenses so that you can live within your means.
Good Financial Cents
Good Financial Cents is one of the best financial sites for people who want to learn about personal finance. It is written by Jeff Rose, who also has a YouTube Channel featuring many of his blog topics. The focus of this certified financial advisor’s blog is to educate people on how to become financially independent.
Financial Samurai
The Financial Samurai was established in 2009 by Sam Dogen. He was able to leave his job in corporate America after 13 years by saving at least 50% of his after-tax income from the time that he began his professional job. He invested his savings in real estate, bonds, stocks and CDs in order to have enough passive income to be able to quit his job and focus on his blog. He offers information about wealth management, financial products, real estate and more.
Dave Ramsey
Dave Ramsey is a well-known expert in the finance field who offers financial planning tools and personal finance education. His blog is recognized as one of the top financial planning websites and is used by millions of people to learn how to build wealth, reduce debt and increase their savings.
Mint Life
Mint Life is among the best financial sites for people who are looking for a broad personal finance resource. The blog contains a large list of money management categories with a range of articles available in each. The categories include everything from student finances, housing finances, food budgets, to much more.
Mr. Money Mustache
Mr. Money Mustache is a credible finance site with a quirky name. The author, who was able to retire at age 30, started his blog in 2005 when he was 36 years old. The blog’s mission is to allow you to learn how to live below your means and to build your savings quickly so that you can retire early, too.
Incorporating some of the best financial websites into your daily life can help you to learn more about how you can attain financial freedom by budgeting, living frugally and making saving a habit. You can take the information that you learn from these sites and apply it when you invest with M1 Finance.
Learn how M1 can empower you to manage your money and earn more
You can use your acquired knowledge from top financial websites to manage your own portfolio with M1. Instead of paying someone else to build a portfolio, you are able to build one yourself with M1. You have the control to customize your portfolio in order to meet your needs or you the option to choose from 80 prebuilt expert portfolios that were created to meet different goals, timeframes and risk levels. The sleek and intuitive design of the M1 Finance platform makes managing and building your portfolio simple.
M1 Finance is an online brokerage firm that blends key financial principles with digital technology to provide investors with a straightforward and seamless investing experience. M1 Finance helps you to manage your money in a more effective way so that you can earn more. The platform uses automated reinvestments and dynamic portfolio rebalancing to save you time. These features help to keep your portfolio in line to meet your financial goals.
When you choose M1 Finance, you are able to invest for free. M1 does not charge management fees or commissions, and you will be able to access the powerful automation from anywhere with its mobile investing capabilities. Get started today by signing up online or call us to learn more about investing at 312-600-2883. DISCLAIMER: Please consult your finance and tax professionals to learn more about investing and taxes.
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submitted by luis3445 to M1Finance [link] [comments]

Ripple-overview of cryptocurrency features

Blockchain technology is multifaceted and allows you to implement the most daring and unexpected projects, which are significantly superior in all respects to the very first cryptocurrency – Bitcoin. One such project was Ripple, which was originally created as a faster, safer and cheaper alternative to interbank transfers. Thanks to the efforts of developers and moving away from the traditional structure of the distributed network, Ripple eventually became one of the few projects that combine the functionality of a payment system and a universal platform that allows participants to exchange liquidity for various assets, including but not limited to Fiat currencies.
Ripple cryptocurrency is often compared to Bitcoin, but not because they are similar. On the contrary, we are talking about such large-scale differences that part of the crypto community doubts whether Ripple is a cryptocurrency? Judge:
To ensure high performance and increase throughput, developers had to abandon the traditional distributed network system, where each participant has equal rights with the rest. In the ripple network, node computers have more privileges – they are in constant relationship, searching for consensus and forming a ledger-a distributed database that is similar to the Bitcoin blockchain, but still is not a chain of blocks in the "classical" sense.
The very idea of blockchain implies the creation of an unbroken and unchanging structure. It is impossible to cancel an already committed transaction that has passed through the block mining procedure. This statement is true for the Bitcoin network, but not for Ripple, which officially has a procedure for cancellation of payment, and therefore-and a single control center, which can affect the functioning of the entire system. The fact of violation of one of the fundamental provisions on the structure of decentralized anonymous networks, which directly points to the equality of powers and rights of each of the participants, is the main reason for the heated debate about the true nature of Ripple. Based on the analysis of official information from developers, it is really hard to decide whether Ripple is an ordinary payment system that successfully "masquerades" as a cryptocurrency or it is an innovative solution, one of the few that is able to link the world of the real economy and cryptocurrency .
If we continue the line of comparison with Ripple and Bitcoin, one of the most fundamental differences between them will be the complete absence of mining. Immediately after the launch of Ripla, 100 billion tokens of the internal cryptocurrency XRP were "PreMain". To date, only 55% of the total number of coins issued is in circulation, but since January 2018, developers have been putting 1 billion XRP into circulation through exchanges every month. The concentration, in fact, in one hand more than half of the entire money supply inevitably generates talk about the high risk of investing in this cryptocurrency. In addition, there is one unpleasant moment in the history of Ripple related to the attempt to sell a large number of XRP coins by one of the former members of the development team, which does not add to investors ' confidence in the overall reliability.
But the most important difference between Ripple is a fundamentally different purpose of cryptocurrency. Bitcoin was conceived as an anonymous payment system, but has turned into an investment tool for those who love risk, and the entire Bitcoin network is actually only engaged in servicing transfers between participants. The creators of Ripple do not try to use competition among token holders to increase the overall capitalization of the system. One of the confirmations of this point of view is the constant rise in price of the Bitcoin mining process, which serves as one of the factors pushing its rate up. But Ripple Labs chose a different strategy: they are trying (and not without success) to attract major players in the financial market, offering them to become members of the network and supply liquidity (live Fiat money). The role of the internal cryptocurrency is reduced to the function of a universal transmitting and connecting link between counterparties that can not carry out direct conversion operations between the used instruments from the world of the real economy.
In fact, Ripple is a combination of traditional and decentralized payment systems: the search for consensus and the implementation of transfers are entrusted to nodes that are large financial institutions with their own funds in Fiat currencies. And if other projects of the crypto world issue slogans about the imminent and imminent demise of the traditional banking sector under the influence of blockchain technology, Ripple, on the contrary, expands the horizon of possibilities of banks and financial institutions, offering them a more profitable and universal algorithm for domestic and international payments.
But, despite the fact that Ripple has existed for quite a long time, while it is a competition to the same SWIFT only formally: daily turnover is not comparable either in volume or in the number of operations. And although Ripple is consistently moving towards attracting more large participants (American Express and Money Gram have already become partners), it is still very far from the level of a global and universally recognized payment system.
For a private person, Ripple is not only a convenient payment system with guaranteed liquidity and instant transfers (but not anonymous-this is the requirement of member banks and legislation). Due to the presence on the largest crypto exchanges, private investors can successfully earn on fluctuations in the exchange rate of XRP to the dollar and other cryptocurrencies. The second way is to trade through a Forex broker company, you should choose a dealing center that offers a CFD (contract for difference) with Ripple-there are not very many of them yet.
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