Get started

Firm

Bitcoin - Fractals and PerspectivesThe willingness to learn, however, changes everything. Active traders treat market analysis with an open attitude and they are interested in learning how to analyze the market structure. They combine concepts such as trends, patterns, and support and resistance to actively improve their analysis and trading skills. These traders are real manual traders. This article is intended for those in the latter group, the learners and active traders. We will explain how you can understand the market with more clarity. The Market is Fractal of Nature Does the market move erratically? Or is there an order behind the chaos? According to the Chaos Theory, the apparent randomness of chaotic complex systems depend on their initial conditions. The concept is not that complicated as it seems: basically the ‘chaotic’ behavior is really not as chaotic as it seems. Simply said, there are underlying patterns that repeat in a similar way on all scales. This phenomenon can be seen in both natural systems, like weather and climate, and artificial elements like road traffic and economics. And yes, this includes the financial markets in general. The market is Fractal in nature, which means that similar price patterns repeat on all time frames. So I started researching fractals a few years ago. Many fractals have worked out, in some cases partially worked out, the study is a process of learning and growth. I want to share it with you today. Why it works I have already said in previous posts - because all the same asset managers all the same algorithms all the same emotions and all the same actions people make in this or that situation. The nature of human behavior cannot be deceived. that's why fractals repeat themselves. I have selected all the structures of reversal and further perspectives of charts The main indicators : 1. this is the formation of the bottom 2. Holding levels 3. Formation of a horizontal strong level and its breakdown That's all bitcoin has done in the last year. What's next? Statistics I found only one fractal after which we update the bottom. No rolling growth 4 fractals And most of them are 20-40 sideways and up. All fractals are below. These are all the fractals I want to share with you. Best Regards EXCAVO
BITSTAMP:BTCUSDLong
by EXCAVO
43
INFORMATIONAL : THE UPSURGE OF PROPRIETARY TRADING FIRMS There has been a recent upsurge of CFD prop firms appearing. These prop firms offer traders the opportunity to trade with their capital and earn a percentage of the profits. But are these prop firms better than trading with a broker? And what are the risks and benefits of joining them? In this publication, we will explore these questions and more. 🔹What are CFD Prop Firms? CFD prop firms are different from traditional prop firms in several ways. Traditional prop firms typically employ traders and give them access to proprietary trading tools and tactics as well as training and coaching. Contrarily, CFD prop businesses fund traders once they successfully complete a task or audition rather than hiring them. Typically, the audition entails paying a fee and achieving specific trading goals within a predetermined time span. A profit target, a maximum drawdown limit, a daily loss limit, and other risk management guidelines could be part of the trading objectives. If a trader passes the audition, they will receive a funded account with a certain amount of capital, ranging from $10,000 to $1 million or more depending on the prop firm. The trader can then trade with the prop firm's capital and keep a percentage of the profits, usually between 50% to 80%. The prop firm will also monitor the trader's performance and enforce the same trading objectives as in the audition. If the trader violates any of the rules or loses too much money, they may lose their funded account or have to start over. 🔹Benefits of Joining a CFD Prop Firm Joining a CFD prop firm gives traders access to more capital than they would otherwise not have, which is one of the key advantages. As a result, they may be able to trade more instruments, diversify their portfolio, and boost their earning potential. Another advantage is that the trader's downside risk is diminished because they are just putting their audition fee at danger and nothing more, not their own money. Additionally, certain prop companies provide extra advantages like coaching, education, community support, scaling plans, and bonuses. 🔹Drawbacks and Challenges of Joining a CFD Prop Firm However, joining a CFD prop firm also has some drawbacks and challenges. One of them is that it can be difficult to pass the audition and maintain the funded account, as some of the trading objectives can be very strict and unrealistic. For example, some prop firms require traders to make a 10% profit within 30 days while keeping their drawdown below 5%. This can put a lot of pressure on traders and force them to overtrade or take excessive risks. Some prop companies may not be transparent or reliable and may not actually supply real money to trade with, which is another disadvantage. Instead, they might run a Ponzi scheme or use the audition fees to distribute the earnings. Therefore, before joining any prop firm, traders should exercise due diligence and investigation. The repute of the prop firm, regulation, fees, profit splits, trading products, leverage, platform, customer support, and withdrawal procedures are a few of the variables to take into account. Finally, another challenge is that having more capital does not necessarily mean being a better trader. Trading with more money can also increase the psychological pressure and emotional stress that traders face. Therefore, traders need to have a solid trading plan, strategy, discipline, and risk management skills before joining a prop firm. They also need to be realistic about their expectations and goals, and not rely on prop firms as a shortcut to success. 🔹Conclusion In conclusion, CFD prop firms can be a viable option for traders who want to trade with more capital and earn more profits while limiting their downside risk. However, they also come with some challenges and risks that traders need to be aware of and overcome. Therefore, traders need to weigh the pros and cons of joining a prop firm versus trading with a broker based on their own circumstances and preferences. Trading with a CFD prop firm can be a great opportunity for traders who have a proven track record of profitability and want to leverage their skills to make more money. One of the main issues is that the CFD prop industry is heavily unregulated and lacks transparency and accountability. This means that traders may not have legal protection or recourse in case of disputes or frauds. Moreover, some prop firms may impose strict rules and conditions on their traders, such as high fees, unrealistic targets, or limited withdrawal options. Therefore, before signing up with a CFD prop firm, traders should always conduct their due diligence and research. They should search for reputable and reliable prop companies that have a good track record, transparent terms and conditions, and equitable profit-sharing plans. Additionally, they should contrast various prop businesses and pick the one that best matches their trading preferences, objectives, and style. Additionally, traders should keep in mind that the best option to guarantee complete control and security over their trading activity remains opening their own trading account with a reputable broker.
Editors' picks
PEPPERSTONE:BTCUSDEducation
by ChristopherDownie
15
IBM is sued for age discrimination by widow of ousted workerHundreds of former IBM employees are suing for age discrimination Widow Denise Lohnn is suing on behalf of her late husband Jorgen, who killed himself after being fired from the firm in 2016, when he was 57 A company executive allegedly referred to older employees as 'dinobabies' that should be an 'extinct species' in an email quoted in court filings Another said the company's 'dated maternal workforce' was something that 'must change' , writing that they were 'Not digital natives. A real threat for us' A spokesperson denied that IBM engaged in mass age discrimination, noting that 37 percent of the company's new hired since 2010 were over the age of 40 The median age of the company's employees was 48 in 2020, the company said in a statement, unchanged since 2010 But IBM had fired as many as 100,000 older employees in 2019, according to a court deposition from Alan Wild, former vice president of human resources Between 2013 and 2018, according to ProPublica, older employees accounted for 60 percent of job cuts
ILong
by rajeanromeek
DOW JONES OVERVIEW (END): DISNEY IN FIRM UPTRENDFinalizing our Dow Jones overview is Disney - and it is doing it on a positive note! DIS is one the best-looking stock from our Dow Jones overview - on par with Nike and UNH, also Viza. On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress. On short term basis the long term picture is confirmed by the positive slope of 1-year mean. Price here trades within 1st standard deviations from both weekly and quarterly means, showing no short term trend, so nothing stands in the way of long term uptrend.
NYSE:DISLong
by Killy_Mel