Business
Bitcoin Trading vs. Investing The first thing we want to do before we dive deep into the subject is understand what Bitcoin trading is, and how is it different from bitcoins. should-i-invest-in-bitcoin-here's-what-you-need-to-know investing in Bitcoin...
When people invest in Bitcoin, it usually means that they are buying Bitcoin for the long term. In other words, they believe that the price will ultimately rise, regardless of the ups and down that occur along the way. Usually, people invest in Bitcoin because they believe in the technology, ideology, or team behind the currency.
Thus, Bitcoin investors tend to "A slang term and Internet meme that is used in the Bitcoin community when referring to holding the cryptocurrency rather than selling it. It originates from a typo of the word in an old BitcoinTalk post."the currency for the long run (HODL is a popular term in the Bitcoin community that was actually born out of a typo of the word “hold” "external" old 2013 post in the BitcoinTalk forum
Bitcoin traders, on the other hand, buy and sell Bitcoin in the short term, whenever they think a profit can be made. Unlike investors, traders view Bitcoin as an instrument for making profits. Sometimes, they don’t even bother to study the technology or the ideology behind the product they’re trading.
Having said that, people can trade Bitcoin and still care about it, and many people out there invest and trade at the same time.
As for the sudden rise in popularity of Bitcoin (and several altcoins) trading – there are a few reasons for that. First,bitcoins.com/bitcoin-volatility-explained bitcoin is very volatile. In other words, you can make a nice profit if you manage to correctly anticipate the market. Second, Unlike traditional markets, Bitcoin trading is open 24/7.
Most traditional markets, such as stocks and commodities, have an opening and closing time. With Bitcoin, you can buy and sell whenever you please. Finally, Bitcoin’s unregulated landscape makes it relatively easy to start trading—without the need for long identity-verification processes.
More Ideas Email me: awalnewaz999@gmail.com www.tradingview.com BITFINEX:BTCUSD
Trading Journal Basics 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Trading Journal Basics 101
During my trading career one of the most important elements of trading is keeping records of your trading performance. Whether its using an excel document or software such as the EDGEWONK TRADING JOURNAL, its crucial to see where you business has come from and where its going!! Below is a small detailed list of elements of a trading journal;
1. Date/time entered and exited trade
2. Asset traded
3. Long or short trade
4. Entry/ Stop loss and target price
5. Risk/Reward
6. Exit price. Did i exit at the target price? If not why?
7. Profit/Loss
9. Pips amount
10.Balance
11. Notes on trade ( both Pros and cons)
12. How can i improve next time?
13. Missed trades?
14. and many more....
Once again this is just a very basic list and there a lots more that can go into the journal.
Note: Edgewonk is by far the best trading journal software that i have ever used. I highly recommend it and if you would like to know more please let me know :)
Happy Trading
GBP/JPY OutlookFX:GBPJPY On the daily chart, the formation of the reversed head and shoulders is visible. Recently, the right formation arm was formed. This caused a strong sale. Today's day will be crucial for GBP/JPY . If on the daily chart we see a stoppage of sales and a candle formation is formed, the next goal should be 149.26 .
CAD JPY possible break of rangeAs you can see in the picture price on the daily timeframe is possibly going to break out of the range and a well respected support and resistance level.
We will wait for close of daily candle before we send out ENTRY, SL and TP to our clients.
If you are interested in joining us you can inbox us.
Idea for AGLEOn va essayer de chercher la résistance + étoile doji haussière après micro tendance baissière, retournement ? Je le pense !
GBPUSD POSSIBLE SETUPS As you could see 1.24050 is holding as key support level. We have strong bullish candlesticks sitting on the 200 EMA (Magnetic Support) presented on the 4 Hour timeframe. The UK government is confident with brexit. We can possibly see price reach 1.2700. Our long entries will be triggered on the break above the trendline and the red dashed level (1.25400); entries will be confirmed on bullish PA. If however, the charts project strong bearish PA at this level we may consider setting up a short setup. Our longer term trade setup will be the possible short setup around 1.2700 to our downside targets outlined, 1.23500, 1.22500 then possibly 1.2000. However, the short setup will also be confirmed on bearish PA. Our stops will be places above the Weekly/Daily Resistance zone around 1.29450.
***TRADE AT OWN RISK***
Long Options VRX Strrike at $15 I am buying a basic price action trade to cover the move from 15 to 17.60 i give it 2 and a half weeks .. so exp. week 1 feb17
AUDUSD SKACAPITALIm already short on this, however, as seen on the chart I believe the outlook is still short. Only longs would be analysed on the break above the trend line. Our longer term target would be 0.7000-06900. However, as you could see we have multi trade setups. They are just their to remind me of potential entries (adding on to my trades). Once each target has been met price action must be analysed. The longer term trade setup, ideal stop would be 0.74300 to cut out fundamental manipulation. However, i would like to be out of the trade if the trend line is breached, ill look for a re entry if my trade is stopped out by a false movement. Please remember, this is just a forecast and money management is key.
Family Business: Oportunities for long termHoldings like Investor AB or IndustriVärden own Saab. They are like a family business owners, for this reason I recommend you to check this type of business out!
GME 2016-17 SHORTWith the declining business model and the shift to online "downloads" GME is fairing poorly.
R/R is unfavorable but nimble in comparison to the balance sheet.
Down side potential of ~30%
Upside (S/L) set at midpoint, or 15% retrace.
EURGBP SKACAPITAL Looking short to downside targets of 0.82950 then ideally 0.81250. However, if price breaks above 0.86500 then the trade setup will no longer be valid with possible upside targets of 0.87950. Price can retest 0.86250; hence the reason our stop loss being places above.
NZDJPY Could Rally After Tonight's BoJNZDJPY could be getting ready to run higher after tonight's announcement by the Bank of Japan. The BoJ is suppose to increase their stimulus package and if they do by the amount which is expected or by more we should get a sell-off in the Yen pushing this pair higher.
If it happens we will be looking to correlate the Long NZDJPY with a Short in AUDJPY which will greatly reduce my directional risk. With proper money management I can be dead wrong on my NZDJPY call yet still make a profit.
Possible Short After Tomorrow's FOMCDepending on the outcome of tomorrow's FOMC we could get a solid correlation setup between GBPUSD and GBPCHF. Of course we would need to correct setup along with our algorithm to trigger a trade.
Watching GBPUSD to regain bearish momentumWe will be watching to see if GBPUSD can regain its bearish momentum before the Fed announces interest rates on Wed. Although the street does not anticipate any move by the Fed, they may give a hawkish tone and if so that should add fuel to the short side.
With that said we will be looking for a close below the short-term trendline on the hourly chart along with confluence from our price prediction algorithm. If we can get that setup prior to the Feds announcement we will be taking GBPUSD short while correlating it with GBPCHF to give us protection.
AUDJPY Could be getting ready to rallyAUDJPY could be getting ready to rally once again. The long-term trend on the hourly chart is to the upside, if we get the proper setup we will be going Long AUDJPY and correlating it with a Short in NZDJPY.
With proper money management while correlating these pairs it will present many opportunities to be a profitable trade. We can be dead wrong on the AUDJPY Long and still be profitable.
EURJPY Could Breakdown TonightEURJPY could breakdown tonight with a close below our short-term uptrend line. If we get that close in conjunction with our proprietary price forecasting algorithm we will be taking EURJPY short along with a Long position in CHFJPY which will provide a correlation opportunity.
By correlating EURJPY with CHFJPY we will be greatly reducing our directional risk while providing us an opportunity to profit in many different ways, even if our EURJPY call is incorrect.
More information at www.unique4xpro.com
USDCAD POSSIBLE 300 PIP DOWNSIDE MOVEPossible short to our downside targets of 1.28600, 1.2700 then possibly 1.25500 our “D” Extension target. We will be entering our trade on the break below the trend line.
Correlation Trade Setting Up Between EURCAD & USDCADCurrent spread is 550 Pips, the widest since mid June 2015.
We will be going Long USDCAD & Short EURCAD
These pairs have been 70% to 96% correlated during the past year. Since they have been recently become uncorrelated we expect the correlation to return shortly.
EURCAD is approximately 25% more volatile than USDCAD therefore your position size for EURCAD should be approximately 70% - 80% your USDCAD position size.
Our algorithm is showing an 89% chance of USDCAD rising over the next 1 - 2 weeks.
Quantum Dots Are Making a Wall Street Wonder, What's It About?It's about Quantum Materials Corp. (OTCQB:QTMM) a nanotechnology company that can make copious amounts of quantum dots. If you never heard of a quantum dot you are not alone. The average person doesn't understand, know if you can see them with the naked eye, how they are used or what they even are.
Quantum dots are man made crystals 10,000 times smaller than a human hair, thus smaller than human cells. Their special electrical conductivity properties have generated a new class of semiconductor. These unique nanocrystals, also known as nanoparticles, are creating quite a stir in several industries because the technology applications are across a broad spectrum and you may remember the growth of companies like Intel, Samsung and Texas Instruments that were making semiconductors. Quantum Materials Corp. makes Quantum Dots which are the next generation of semiconductors.
You can't say now that you didn't have a chance to look into what a Quantum Dot company is about with return potentials like Dell, Microsoft, Apple and Amazon. I suggest you investigate further Quantum Materials Corp - ticker QTMM and then if you decide not to invest at least follow the company developments. You can always change your mind later, just don't watch another life time opportunity pass you by. Life is too short waiting for the next one to come by. Remember by the time feature magazines and newspapers like Barron's, Forbes or The Wall Street Journal start covering breaking technology companies like Quantum Materials Corp. , the most potential for maximizing profit has already slipped past you and out your wallet!
Good luck, health and prosperity to you.
Bill Leigh Invest wisely!
Don't Chase USDJPY, Look To Renter Short At Better PricesUSDJPY breached the 110.000 level but no follow through as of yet and the bounce from 109.950 is seen consolidating the fall from 113.800 high last week. A bounce to the 112.000 to 112.500 level can not be ruled out and if seen should be taken as an opportunity to short this pair. Support can be found around 109.700 but if breached before we see a rebound to 112.000 - 112.500 we may want to jump on the momentum. Although we prefer not too chase sellers may very well step in if the latter was to take place.
Here at Unique Forex we pride ourselves in being the World’s first “Virtual Forex Trading Floor” where we will turn ANYONE that trades with us into a profitable trader fir FREE! That’s right…for FREE! All you need to do is to fund your own trading account.
Unique Forex has a team with 40+ years combined trading experience and with our proprietary algorithm we significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com
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