Author Archives: Gavin Nelson

Forex Market – Information For Beginners

 

The foreign currency market is where the currencies of different countries get traded and the unique feature of the market is that it is a decentralized market. This market was created to facilitate the cash flow from international trade. Today it is the largest financial market in the world where the daily volume of trade is more than trillion dollars.

Unlike the stock market, the forex market is free and there is no institution which acts as the intermediary between parties involved. Every transaction gets closed between partied with the help of a private contract. Even the trading of digital currencies is also quite similar to the forex market. In the cryptocurrency market, the digital currency gets traded with the help of trading software like the bitcoin code. Majorly the bitcoin currency gets traded using the software. Even this market is decentralized and does not come under any control. It is becoming one of the most sought after and popular market for people to trade and earn money, Go through this review here to learn everything about the trading of cryptocurrencies.

The forex market works throughout day and night. It opens on Sunday afternoon and closes by Friday. This market has a wide variety of participants ranging from private individuals to central banks and a huge number of currencies gets traded here.

Functions of the forex market

  • It helps in setting the currencies prices with respect to another currency. It defines the total number of a particular currency’s unit to be exchanged for 1 unit of different currency.
  • It favors the fund exchange between two different countries. Some countries would be in need of liquidity while another country would have excess liquidity.
  • The forex market allows realizing the risk coverage on currency, whenever the investments are done in a different currency.
  • It helps in financing the international trade where these transactions represent the major part of the forex

Understanding the symbols in the currency market                                       

The currencies in the forex market are identified by the three letter code. The currency pairs are denoted by the six letter code. For instance, the dollar as the quoted currency and the euro as base currency:

  • First three letters will denote the base currency (EUR)
  • The last three letters of the pair will refer to that currency which is being quoted (USD)
  • The price of the currency pair defines the total number of quoted currency’s unit per base currency unit.

 

 

 

 

 

 

       Cryptocurrency Insurance- A Boon or Bane

                                   

As the world of cryptocurrency expands its horizon, there are lots of changes happening in the underlying technology used for trading, transacting and using them as a payment source. The threat of hacking, stealing and wiping off digital wallets have loomed large in the mysterious world of crypto trading, that has created a lot of murmurs among the industry experts, cryptocurrency firms have started insuring themselves from the threat and theft laden hackers.

Insurance Cover

Insurance companies are offering packages to investors and the crypto trading companies against theft of digital coins and assets from the user wallets or the company common wallets. It may sound surreal, however; the insurance industry is abuzz with the latest developments in ensuring the crypto firms. The insurance firm covers

  • the internal and external threats of crypto firms
  • include the threats, mistakes, unauthorized accesses and employee thefts
  • messaging app-based companies have launched their bid to buy and sell bitcoins, along with insurance cover against the threat of theft, this review will help many users who want to trade in coin currency from Bitcoin Code but are hesitant thinking of the high level of risk of hackers
  • the preventive measures now offered can well protect the coin currency being stolen, transferred to unknown accounts without access to passwords
  • other coverages include payment gateway delays in trading, transaction delay, mechanism failure,

 

Challenges for Insurance Companies

 

  • while providing security to the crypto firms, the insurance companies have to invest the proceeds wisely without losing out the huge liability toward crypto firms
  • exposure to other uncertain frauds, scams that have to be well prevented from the entire investor’s coin money
  • there should be a lot of controls, regulation when it comes to ensuring the coin currency, with due diligence and prevent fraud companies to buy sell the coin currencies
  • once the insurance company covers for a shady business deal, their liability increases, to cover for a huge amount of loss suffered from such unregulated crypto exchanges

 

There is definitely a lot of scope of insurance companies reaping good profits by ensuring the crypto companies and increasing the confidence of the investors who will buy coins with safely. However, the insurance company shoulders a lot of risks when it comes to covering the crypto firms and coins. There is a lot of interest among top insurance firms to foray into this territory slowly taking cautious steps ahead.

 

 

Understanding The Difference Between Blockchain And Cryptocurrency

Understanding The Difference Between Blockchain And Cryptocurrency

Since the time the two prevalent words- cryptocurrency and blockchains- have come into use, there have been endless confusions and speculations on the difference amongst the two. So, if you too need an insight on these two terms and are looking for their individual definitions and use, then this is definitely your one-stop point.

Defining blockchain

This is basically a circulated ledger technology that is known to form its own chain of blocks. All these blocks individually carry information and data, which is properly verified and wrapped together. After this information is accumulated, the blocks are authenticated and looped into the sequence of transactions and data stored in other blocks. All these blocks hosting the transactions are enduringly logged in this distributed ledger.

So basically, blockchain is that brilliant technology which allows the cryptocurrencies to enter in the finance market all over the world and offer its benefits.

Defining cryptocurrencies

Also referred to as digital currency, these are the virtual tokens which are based on the blockchain. It is created on the foundation of cryptography and is also considered as the amazing art of cracking or scripting codes. Though all the cryptocurrencies perform the same functions more or less, these can also have varying purposes too while being available on the distributed ledger.

Cryptocurrencies have grown in the market today to such an extent that people have started taking it as a useful way of making investments. Gone are the days when investors used to float their finances only in ventures like real estate, mutual funds, fixed deposits, etc. Today, investments in bitcoins and other booming cryptocurrencies have taken over the market tremendously. They offer ultimate outcomes, that too in a small period of time.

All you are required to do is register yourself with a reliable online wallet and get started with buying and setting cryptocurrencies like a pro. You can buy these bitcoins from several dependable and popular trading robots such as Bitcoin Code and start minting money right away while sitting on your living room sofa. You can check this out to discover how this robot has been performing in the market in the past and get started with your first investment in cryptocurrencies immediately to make way for endless profits.

There was a time when not much difference was understood between the two terms as they were used as a replacement for each other. However, with the evolution and the transformation of technology, their jobs and identity started becoming distinct and specific in the industry. The present scenario is such that there is hardly any investor in the market who does not have his or her money in this particular venture.

The Popular Bitcoin Billionaires

The Popular Bitcoin Billionaires

Success comes to those who are willing to take risks aka follow the path of unusual, for which this list of 4 popular Bitcoin Billionaires is a proof! Yes, without following the baseless claims, these billionaires believed in what they had understood about the power of the Bitcoins and the cryptocurrencies that have led them today to the pinnacle of success! Let us see who they are and be inspired to follow suit!

  • The Winklevoss Twins

Yes, they are the same twins who tried to get control of the Facebook and failed in it miserably! Perhaps, they have learned from their failure to make the next best move which is to invest in the popularly growing Bitcoins! These founders of the digital currency exchange Gemini, invested in $11 million worth of the Bitcoins in 2013, to only become the world-famous Bitcoin Billionaires, whose total worth amounts to more than $231 million! And, they are only 36 years of age!

 

  • Barry Silbert

Sure, we all have heard enough about the infamous Silk Road incident, where the government pitched to safeguard the Bitcoins that were used for illegal activities. Have you ever wondered, what did the government do with those seized Bitcoins? Wonder no more, as the government only auctioned those Bitcoins and 48,000 of those Bitcoins were nabbed by a venture Capitalist named Barry Silbert, who is also the founder of Digital Currency Group. Being one of those earliest proponents of the Bitcoins, naturally, this auction attracted Silbert, which he made use of wisely to only become a Bitcoin Billionaire of current worth reaching more than $268 million!

 

  • Tim Draper

Tim Draper has a knack for finding such things that are set to rock in the future! Yes, before believing in the future successful state of the Bitcoins, he believed in the successful journey of the Skype application and invested in it hugely! Like how his investment in the Skype brought him huge success, his investment in the Bitcoins that he purchased, yet, again, from the same government auction has helped him reach the Bitcoin Billionaire position, impressively! At the time of purchase, the value of the Bitcoins were $19 million, whose current worth is more than $170 million, admirably!

 

  • Satoshi Nakamoto

Yes, the very same anonymous founder of the Bitcoin it is! Although the whereabouts of this developer is still a mystery, there are enough theories to prove the existence of around 1 million Bitcoins in his/her possession, that automatically, makes him/her a Bitcoin Billionaire, worth over $8 billion when taken in to consideration the current worth of the Bitcoins, that is, as of July 2018, that stands at $8252!

While reaching such a position would take time for anyone beginning to believe or invest in the Bitcoins only now but, making that significant start is appreciable, for which this full review be might of some help!

Trading The Bullish Marubozu Pattern

 

Once you have identified the bullish Marubozu pattern it is important to know where to take the trade. The traders are divided into two. One is the risk taker and the other is the risk-averse trader.

The risk taker will not wait and try to take the trade on the same day that the Marubozu gets formed. However, the traders should ensure that the candle will end in a Marubozu. Thus he can take the trade only close to the closing time where he needs to notice if the opening price is equal to the low of the day and the closing price is looking to be approximately equal to the high of the day. If this gets satisfied then you can be confident that the candle is forming a Marubozu and that you can get into the trade when the market is about to close for the day. The trade is also buying on a strong day which is good.

The risk-averse trader, on the other hand, will wait for the candle to close and he would enter the trade on the next day. Thatis the day after theMarubozu pattern gets formed. The risk-averse trader waits for the day to end to make sure that the day was bullish. The disadvantage of this method is that the trader is buying on the next day when the price is way above what the suggested buy price was and this means that his risk on the trade is huge. But the disadvantage of this method is that the trader is making sure that the stock indeed is bullish before he is entering the trade.

Where to place the stop loss

The bullish Marubozu trade on the automated trading robot could go wrong too. So you need to know where to place the stop loss. Every candlestick pattern will have a mechanism to place a stop loss. When you trade the bullish Marubozu then the candles low is the stop loss. So in case you are a buyer and the candle breaks the low of the Marubozu then you should sell the stock at a loss.

It is important to understand that stop loss is common and even seasoned traders have to book losses once in a while. The benefit of placing a stop loss is that you do not lose your capital in a single trade. You protect your trade by placing a stop loss so you lose just a small amount.

 

Technical Candlestick Pattern Using A Single Candle- Marubozu

 

A single candlestick pattern is formed when only one candle is used. Thus a single candle gives you a trading signal. These single candlestick patterns are very profitable if you know how to spot and execute them right.

When you trade based on single candlestick patterns using an automated trading robot you need to notice the length of the candle. The length is a representation of the trading range. When the range of the candle is huge then this means that there has been significant activity in the day. When the range of the candle is short then the action was not a lot.

There are many single candlestick patterns. It is important to know some of them to take trades using technical candlestick patterns.

The Marubozu

The Marubozu is a single candlestick pattern and this means bald in the Japanese language. The Marubozu is divided into bullish and bearish Marubozu.

As a general rule when you trade candlesticks you should buy the strength and sell when it is weak. Understand that it is important to be flexible with the pattern and look for the prior trend when you place a trade.

However, the Marubozu pattern makes a difference here because it violates the third rule. The Marubozucandle can be formed anywhere which is irrespective of what the prior trend was. The trading method stays the same though.

The Marubozu candlestick pattern is a single candlestick pattern. Here the candlestick does not have an upper or a lower shadow and it just has a body.

Bullish Marubozu

There is no upper and lower shadow in a bullish Marubozu and thus when this happens then the low of the candle is equal to the open of the candle. When the low is equal to the open and the high is equal to the close then a bullish Marubozu is formed.

When there is a bullish Marubozu it indicates that there is a lot of buying interest and that the market participant is ready to buy into the market at every price. This is indicated by the close which is the high of the day. The previous day sentiment does not matter much because the traders are now very bullish on this stock.

The expectation is that because of the sudden sentiment change there is a surge in bullishness and the traders will stick to this bullish view for the next few days to come. Thus on seeing a bullishMarubozutraders should look to buy into the stock. The buy price of the trader should be close to the closing price.

It could happen that the closes not the actual high. This is generally acceptable if the stock close is just a few percentage points below the high of the day.

 

Wild Journey Of Bitcoin

Wild Journey Of Bitcoin

Bitcoin made headlines in the financial world in 2017 and made a big leap in the investment portfolio. The world’s first cryptocurrency started its year with just $1000 and its value got skyrocketed by the end of the year, and the rise equates to 1300 %.

This mind-blowing growth in the price has taken everyone in the financial market to the government by storm. Five years back it was only known to computer nerds but five years later it has become a household name. However, with the loss in the price, the craze of bitcoin is down a bit but other Cryptocurrencies are still hovering in the market and eyes at US $350 billion market cap. However, it is just the beginning of this exciting and mind-blowing piece of technology

Being relatively new to the market Bitcoin is yet to establish itself in the financial market and find the framework that governs the market. This is true for all other Cryptocurrencies as well and government of all the countries is working to understand and regulate it. The government is not only struggling to regulate it but also working on the matters like taxability, monitoring mining activities and many other vectors. It is known to everyone that the cryptocurrency market is volatile; one of the driving forces behind this volatility is decisions taken by the different government for its legality.

For instance, in some Pan Asian countries, it is legal to trade Cryptocurrencies but illegal to use it for payment, whereas some of the western countries are friendly to Bitcoin use and is home for 2442 Bitcoin merchants. Some other western countries have contradictory behavior towards the use of Cryptocurrencies they do not accept them as a legal tender but allows them in the financial market.  Europe, on the other hand, is the home for 206o Bitcoin merchants and is open to its use. Some countries have banned the use of Cryptocurrencies and have declared severe punishment for their use.

Although, these contradictions and debates have not hampered the trade or investment of these currencies; financial experts are expecting large-scale investment from big institutions as the market matures for these Cryptocurrencies.

To conclude, there are much more can be expected from Bitcoin and other Cryptocurrencies from government acceptance point of view and investment opportunities. A journey full of excitement can be expected, with billions at risk. To know more click Bitcoin Code review.

 

 

 

Block Chain Technology Applicability in the HR Processes

Block Chain Technology Applicability in the HR Processes

The fame and success of cryptocurrencies that are built on the robust technology of blockchain have to lead to many to experiment the use of this novel technology in different spheres. The applicability of this technology has moved over and beyond the digital currency world. The blockchain is a decentralized ledger system that can be accessed only by the participants by using the private keys assigned to them. The data is not stored at a single location rather on a distributed network. All the entries are updated on a real-time basis and it is a highly secure network. As a result, the biggies in software and other industry are keen to adopt this technology to find an efficient and cost-effective way of going about various processes.

With the blockchain technology, the way of storing and sharing information will change drastically. It will lead to real-time sharing of information, real-time collaboration, and cross-border transactions will be made easy. There are reports that some of the companies have adopted block chains effectively in creating digital identities, asset management and tracking, smart contracts and distributed storage.

The HR processes are quite cumbered some and deals with managing huge volumes of data. The system can provide a unique way to store, update and retrieve data on a real-time basis. This will help firms streamline the HR processes more efficiently minimizing errors. It will be really helpful in the recruitment process. The records entered into the system cannot be modified or altered. Therefore all the details of the candidate including his name should be carefully verified and entered. This database will be fool-proof and firms will no longer require the services of the third party to verify the information.

On-boarding processes have been simplified and it has reduced the paperwork involved in it. The documentation is faster and verifiable at any given point in time.

Blockchain technology systems also can use biometrics to track attendance, expenses, and claims of the employees.

It can also be used to process the payroll and eliminate the use of third-party software or agencies to process it.

Thus other spheres are also using the infinite possibilities of this groundbreaking technology. Like Crypto Currencies it has benefited many people. Cryptocurrencies are profitable investment options. Bitcoin code is one of the online trading solutions that deal with the buying and selling of these digital currencies. Read the Bitcoin Code review to know more about this website.

 

 

 

PercentageMargin Method And The Percentage Volatility Model

PercentageMargin Method And The Percentage Volatility Model

The percentage margin method is a method to size your position in the market. This is a structured way to do so and is used mostly by the intraday traders. The method, as the name suggests, lets you size the positions based on the margins.

In this method, you set an amount as the margin for any particular trade. You could also increase the capital amount in case you find more opportunities. But this should not be done randomly and should be based on the profits that you are able to accumulate in your account.

If you follow the percentage margin rule then you will be getting approximately the same amount of margin on every trade that you take. But here the volatility of each position will be different and it could happen that you may be entering a risky position which will make your portfolio very risky.

Check this out to understand how to decide on which position sizing method is suited for you.

 

Percentagevolatility model

Thepercentagevolatility model is another popular model that is used to size the positions and it uses the volatility of the asset underlying into consideration. The volatility is the daily movement that is expected of the underlying asset.

The way to calculate volatility is to look at the difference between the high and the low for the last few days and then average it out. But one concern with this method is that it does not consider the gaps in the calculation. This is why you can use the average true range to calculate the stock volatility.

The method lets you define the volatility amount and the exposure that one can assume for a given amount of capital.

What is the percentage risk?

As a trader, you need to figure out which method of equity estimation and what position sizing works the best for your trades. Another method that is commonly used is known as the percentage risk method to size positions.

In this method, you analyze your loss yourself before you enter a trade. This is basically the stop loss that you will be placing on the trade. The percentage risk method controls the size of the position which is the function of risk and this is defined as the stop loss.

Again it does not matter which method you choose. All that is important is that you are comfortable with a particular method and that you have it in your trade plan and stick to it.

 

Crypto PR

Crypto PR

Welcome to the whole new concept of crypto PR, if you are reading this article then most probably you are a crypto enthusiast or someone who is trying to promote his own ICO/ Blockchain.

It is an established fact that Bitcoin is a digital currency that allows people to receive and send digital ledger across the internet. The blockchain is the platform on which bitcoin operates and the transactions that take place on the network are verified and secured here. Ethereum, on the other hand, allows companies and start-ups to build their own platform for tokens on Ethereum.  Yes, you read it correctly on Ethereum a startup can build their own token and sell it.

Let us assume that you have a startup in blockchain and you sell that product that most people do not understand. This is the place where crypto PR can help you out, any startup that is trying to get on the right foot PR is very important. it helps in getting a right strategy that is helpful for building your company image and creating a distinguished brand. Here are the three reasons why PR is imperative for your startup.

  1. Raising awareness

PR helps you find the target market for your startup to communicate. In the crypto PR world, you will come across two categories of people one, who follows all the crypto news like a religion and the other tech or finance junkies who keeps hopping on the interesting articles on the crypto bandwagon.  For the latter group, it is very important to deliver the key points of your startup in the simplest way so that it can easily understand by your prospective audience. For the former, the real challenge is to find the audience who is a crypto expert and proving your vision to them.

 

Crypto PR helps in distinguishing the unique feature of your business and conveying them to your target audience.

  1. Building credibility

If you are into crypto startup it means you have to prove yourself to this complex world of digital currency. Here you should have a detailed knowledge not only of your company but industry, competition, and community. Having a correct crypto PR will help you to show the public that you have mastered all the three.

  1. Building community

The right PR also helps you to build community not only on the popular social networking sites but also other networks where you can find a lot of crypto fans. The basic idea behind having a presence on these platforms is to promote, maintain and build your own community.

 

The financial industry keeps changing in an amazing way, the technology behind this is complicated and fascinating. A suited crypto PR startup strategy is needed for the visionaries to invest in the technology. Check this out for more information.