User blogs
Even though the U.S trading markets are jittery regarding the first
presidential debate between the incumbent and his opponent, market
speculators are uniquely unfazed and as they look bullish as current
price action structure suggest a high chance of buy set up momentum as
buyers rejecting any price bid to the downside shoved by the sellers.To
get more news about WikiFX, you can visit wikifx official website.
The price handle level 6.81010 has been for four days now and tested now three times, been buyers demand zone block and with supporting confluences of the minor lower trend line and the 50 MA as support channel and band respectively and as you can view on the four hour chart a long red piercing candle at the moving average line.
The bigger play for market participants are looking at if there will a break past the low level line of August trading session and if there will be a breach and retest of the same, then buyers will be angling up in full throttle. Inversely, if it may happen that the fresh new support line holding for the last four days is breached to the downside, then a temporal shift of unexpected news cycle just dropped and caused a drop in buying sentiment.
This image has been resized to fit in the page. Click to enlarge.
Of course, ones discretion and risk management is advised.
Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.
Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.
The price handle level 6.81010 has been for four days now and tested now three times, been buyers demand zone block and with supporting confluences of the minor lower trend line and the 50 MA as support channel and band respectively and as you can view on the four hour chart a long red piercing candle at the moving average line.
The bigger play for market participants are looking at if there will a break past the low level line of August trading session and if there will be a breach and retest of the same, then buyers will be angling up in full throttle. Inversely, if it may happen that the fresh new support line holding for the last four days is breached to the downside, then a temporal shift of unexpected news cycle just dropped and caused a drop in buying sentiment.
This image has been resized to fit in the page. Click to enlarge.Of course, ones discretion and risk management is advised.
Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.
Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.
Today, I would like to share some of the biggest misconceptions of
trading that I have seen with many traders.To get more news about WikiFX, you can visit wikifx official website.
These aren‘t tiny misalignments that don’t matter in the grand scheme of things... Im talking about seemingly benign misconceptions that will adversely affect the entire trajectory of your journey to becoming a consistently profitable trader.To be honest, it's not entirely your fault thinking and believing that trading can get you rich quick.
Today, you can easily see all the ads on various social media platforms telling you how much profits have been made, the crazy returns and profits that trading can give you, the nice and fancy cars, and etc. etc.
This image has been resized to fit in the page. Click to enlarge.
I'm pretty sure you know what I'm talking about.
But the truth is trading is not a GET-RICH-QUICK solution.
Yes, trading can empower you to be financially independent, and it can make you rich. But that's not gonna happen until you decided to commit to this journey.
Think of it as a profession. It takes 7 to 10 years to graduate and practice as a doctor, an average of 14 years to be a practising lawyer, and easily between 5 to 10 years to be an architect.
It took me 3 years to transit and make it into a full-time trader, of course with many trial and error, many painful lessons. Everything we do, especially for the very first time, it looks or even feels scary. Because we haven't fully understood it. Think about the very first time you decided to learn how to swim, or how to ride a bicycle, or how to drive, or even how to cook in the kitchen with a knife...
Aren't they all risky too？ But as we get to understand the craft and skill better, and the more we practise, we get better. And as a result, we learned how to manage our risk.
Trading is the same. What you need is the proper knowledge and skillset to manage your risk, and the reward can be very lucrative.Ha! This one's a killer! Most often than not, I get asked by traders who are fairly new in trading what's the winning rate of my strategy. And they thought that having a high win rate strategy equal being profitable.
This mentality then leads them to start seeking for the 90% winning strategy. And as a result, they will often fall into the trap of constantly searching, instead of becoming a successful trader.
The truth is the strategy is just a small portion within the success formula towards your trading journey.
Kar Yong started trading with just a humble US$500 when he was only 21, and within 2 years, he managed to turned it into US$13,000. Owing to his success, he was featured on Singapores Channel NewsAsia Money Mind: Young Investors.
Today, Kar Yong is financially independent through trading and investing in the financial market. Having coached over hundreds of traders across Southeast Asia in navigating the financial market, he believes that anyone with the desire to do so can succeed in trading.
These aren‘t tiny misalignments that don’t matter in the grand scheme of things... Im talking about seemingly benign misconceptions that will adversely affect the entire trajectory of your journey to becoming a consistently profitable trader.To be honest, it's not entirely your fault thinking and believing that trading can get you rich quick.
Today, you can easily see all the ads on various social media platforms telling you how much profits have been made, the crazy returns and profits that trading can give you, the nice and fancy cars, and etc. etc.
This image has been resized to fit in the page. Click to enlarge.I'm pretty sure you know what I'm talking about.
But the truth is trading is not a GET-RICH-QUICK solution.
Yes, trading can empower you to be financially independent, and it can make you rich. But that's not gonna happen until you decided to commit to this journey.
Think of it as a profession. It takes 7 to 10 years to graduate and practice as a doctor, an average of 14 years to be a practising lawyer, and easily between 5 to 10 years to be an architect.
It took me 3 years to transit and make it into a full-time trader, of course with many trial and error, many painful lessons. Everything we do, especially for the very first time, it looks or even feels scary. Because we haven't fully understood it. Think about the very first time you decided to learn how to swim, or how to ride a bicycle, or how to drive, or even how to cook in the kitchen with a knife...
Aren't they all risky too？ But as we get to understand the craft and skill better, and the more we practise, we get better. And as a result, we learned how to manage our risk.
Trading is the same. What you need is the proper knowledge and skillset to manage your risk, and the reward can be very lucrative.Ha! This one's a killer! Most often than not, I get asked by traders who are fairly new in trading what's the winning rate of my strategy. And they thought that having a high win rate strategy equal being profitable.
This mentality then leads them to start seeking for the 90% winning strategy. And as a result, they will often fall into the trap of constantly searching, instead of becoming a successful trader.
The truth is the strategy is just a small portion within the success formula towards your trading journey.
Kar Yong started trading with just a humble US$500 when he was only 21, and within 2 years, he managed to turned it into US$13,000. Owing to his success, he was featured on Singapores Channel NewsAsia Money Mind: Young Investors.
Today, Kar Yong is financially independent through trading and investing in the financial market. Having coached over hundreds of traders across Southeast Asia in navigating the financial market, he believes that anyone with the desire to do so can succeed in trading.
The US Presidential Election 2020 is near and often this causes anxiety
for many retail investors. And we all know when our emotions are in
play, we tend to make many stupid and unnecessary mistakes.To get more
news about WikiFX, you can visit wikifx official website.
Today let's touch on the 3 Mistakes Investors Make During Election Years in hope that you will be aware of them, and more importantly not fall for them.
#1 - Overanalyzing which party will win
It's interesting to follow and dip our toes into forecasting who's gonna win this coming election - Biden or Trump. And you might even have your personal preference on who you favour as the upcoming US President.
But while we can do all the analysis and prediction, as traders and investors, we always follow the mantra that “the market is always right”.
If we were to look all the way back to 1933 when Franklin D. Roosevelt took the presidential office to date, the stock market (S&P 500) have trended higher regardless of which party has been in office.
This image has been resized to fit in the page. Click to enlarge.
So while some of us gonna have our own side bet on who's gonna win this election, don't forget to also keep your bet on the stock market
#2 - Too worried about volatility
Markets hate uncertainty, and that causes volatility. There will certainly be higher volatility in the market this coming election, and it's definitely very important that as traders and investors, we are aware of such volatile seasons and take precautionary measures.
But at the same time, it is also because of such volatility, opportunities arise in the market.
“When everyone is worried that new government policy is going to come along and destroy a sector, that concern is usually overblown,” Lovelace says. “Companies with good drugs that are really helping people will be able to get into the market, and they will get paid for it.”
The key here is to seek out these opportunities and manage our risk accordingly.
#3 - Trying to time the market
According to Morningstar, since 1992, investors have poured assets into money market funds much more often leading up to elections. By contrast, equity funds have seen the highest net inflows in the year immediately after an election.
This suggests that investors may prefer to minimize risk during election years and wait until after uncertainty has subsided to revisit riskier assets like stocks.However, the results haven't been favourable to them. According to historical statistics, these investors tend to underperform when they try to time their investment around the elections.
To capitalize on this, look to position yourself ahead of the herd. And when these retail investors re-invest back into the equities market, they will be providing the demand force that pushes price higher
Today let's touch on the 3 Mistakes Investors Make During Election Years in hope that you will be aware of them, and more importantly not fall for them.
#1 - Overanalyzing which party will win
It's interesting to follow and dip our toes into forecasting who's gonna win this coming election - Biden or Trump. And you might even have your personal preference on who you favour as the upcoming US President.
But while we can do all the analysis and prediction, as traders and investors, we always follow the mantra that “the market is always right”.
If we were to look all the way back to 1933 when Franklin D. Roosevelt took the presidential office to date, the stock market (S&P 500) have trended higher regardless of which party has been in office.
This image has been resized to fit in the page. Click to enlarge.So while some of us gonna have our own side bet on who's gonna win this election, don't forget to also keep your bet on the stock market
#2 - Too worried about volatility
Markets hate uncertainty, and that causes volatility. There will certainly be higher volatility in the market this coming election, and it's definitely very important that as traders and investors, we are aware of such volatile seasons and take precautionary measures.
But at the same time, it is also because of such volatility, opportunities arise in the market.
“When everyone is worried that new government policy is going to come along and destroy a sector, that concern is usually overblown,” Lovelace says. “Companies with good drugs that are really helping people will be able to get into the market, and they will get paid for it.”
The key here is to seek out these opportunities and manage our risk accordingly.
#3 - Trying to time the market
According to Morningstar, since 1992, investors have poured assets into money market funds much more often leading up to elections. By contrast, equity funds have seen the highest net inflows in the year immediately after an election.
This suggests that investors may prefer to minimize risk during election years and wait until after uncertainty has subsided to revisit riskier assets like stocks.However, the results haven't been favourable to them. According to historical statistics, these investors tend to underperform when they try to time their investment around the elections.
To capitalize on this, look to position yourself ahead of the herd. And when these retail investors re-invest back into the equities market, they will be providing the demand force that pushes price higher
One day, I came across this book titled Market Wizards, and this book
changed my entire perspective about trading. In this book, the author
Jack D. Schwager interviewed the world's successful and top traders,
sharing what contributed to their success in trading.To get more news
about WikiFX, you can visit wikifx official website.
While each trader has a slightly different view, they all boiled down to solid methodology + proper mental attitude = trading success.
In fact, I'm not the smartest student in the class. I even failed one of my subjects during my university too.
But that didn't stop me from trading. And because of trading, I'm able to enjoy my financial independence today.
I believe that anyone, including you, can be a successful trader. The question is how much do you want it？
2. I learned that more trades do not mean more profits.
This image has been resized to fit in the page. Click to enlarge.
A HARD lesson I learned that completely prevented me from being a successful trader was to think that trading requires a lot of time being in front of the computer, and I need to be taking a lot of trades to make money.
Here’s the story of how I came to realize the truth - trading is more on quality, less on quantity.
Again, I came to realize this after reading the book titled One Good Trade by Mike Bellafiore. We are accustomed to having the impression that the more time we spent on something, the higher the return's gonna be. But it's actually not the case in trading.
The truth is the more time you spend staring at your charts and trades, the more difficult trading is gonna be, and thus the more mistakes you're gonna make.
Nowadays, I spend only an average of 30 minutes a day trading. Some days, only 5 minutes!
We trade so that we can have our financial independence and to spend the time doing the things we enjoy. Don't fall into the trap, thinking you need to spend a lot of time trading to profit from the market.
3. I learned that trading is very safe if you know how to manage your risk.
Alright, one last hard lesson before we wrap up this email! This is a lesson that changed the trajectory of many of our students' lives.
And that is… you need to master your risk!
Many traders, especially when they just started out, do not understand what risk management is, and as a result, blew their capital too easily and quickly.
However, if you can master risk management, every single trade that you take, you have the full control over how much you are willing and prepared to take.
The risk isn't in the market.
The risk is in how discipline you are in managing your risk.
And here you go, the 3 hard lessons that I had to learn. But after getting through each of these, I've learned the hard way and now I'm able to enjoy my financial independence as a trader!
While each trader has a slightly different view, they all boiled down to solid methodology + proper mental attitude = trading success.
In fact, I'm not the smartest student in the class. I even failed one of my subjects during my university too.
But that didn't stop me from trading. And because of trading, I'm able to enjoy my financial independence today.
I believe that anyone, including you, can be a successful trader. The question is how much do you want it？
2. I learned that more trades do not mean more profits.
This image has been resized to fit in the page. Click to enlarge.A HARD lesson I learned that completely prevented me from being a successful trader was to think that trading requires a lot of time being in front of the computer, and I need to be taking a lot of trades to make money.
Here’s the story of how I came to realize the truth - trading is more on quality, less on quantity.
Again, I came to realize this after reading the book titled One Good Trade by Mike Bellafiore. We are accustomed to having the impression that the more time we spent on something, the higher the return's gonna be. But it's actually not the case in trading.
The truth is the more time you spend staring at your charts and trades, the more difficult trading is gonna be, and thus the more mistakes you're gonna make.
Nowadays, I spend only an average of 30 minutes a day trading. Some days, only 5 minutes!
We trade so that we can have our financial independence and to spend the time doing the things we enjoy. Don't fall into the trap, thinking you need to spend a lot of time trading to profit from the market.
3. I learned that trading is very safe if you know how to manage your risk.
Alright, one last hard lesson before we wrap up this email! This is a lesson that changed the trajectory of many of our students' lives.
And that is… you need to master your risk!
Many traders, especially when they just started out, do not understand what risk management is, and as a result, blew their capital too easily and quickly.
However, if you can master risk management, every single trade that you take, you have the full control over how much you are willing and prepared to take.
The risk isn't in the market.
The risk is in how discipline you are in managing your risk.
And here you go, the 3 hard lessons that I had to learn. But after getting through each of these, I've learned the hard way and now I'm able to enjoy my financial independence as a trader!
A New Zealand man wandered around for two weeks oblivious to the fact
that he had purchased not one but two winning lottery tickets, Lotto NZ
said Thursday.Get more news about 棋牌包网,you can vist nb68.com
The man bought the tickets in Auckland last month using his lucky numbers, put them in his wallet and forgot about them.
"The tickets really did get lost in my wallet until I spotted them when I paid for my groceries," the man, who opted to remain anonymous, said in a statement.
"I put the tickets under the self-checker... went to the lotto counter and handed them to the lady.
"When I saw the look on her face after she put them into the machine, I knew I'd won something good.
The man bought the tickets in Auckland last month using his lucky numbers, put them in his wallet and forgot about them.
"The tickets really did get lost in my wallet until I spotted them when I paid for my groceries," the man, who opted to remain anonymous, said in a statement.
"I put the tickets under the self-checker... went to the lotto counter and handed them to the lady.
"When I saw the look on her face after she put them into the machine, I knew I'd won something good.
The Chief Minister's Distress Relief Fund (CMDRF) has announced a
special lottery to raise additional relief funds for the flood-ravaged
state, Kerala Finance Minister Thomas Issac said on Friday.Get more news
about 包网公司,you can vist nb68.com
Mr Issac told the media that the cost of a ticket would be ₹ 250 with the draw on October 3, with the entire proceeds of the lottery going towards the CMDRF.
"The lottery has been named ''Ashwas'' and there would be a first prize of ₹ 1 lakh in each series and ₹ 5,000 for 108,000 tickets," the Minister said.An informed source said: "The target of this special lottery is to raise ₹ 100 crore, which will be the net profit for the state government after meeting all expenses of this special lottery, if all the tickets are sold."
The floods have killed some 370 people since the monsoon rains began on May 29. It has caused widespread destruction, forcing more than one million people to take shelter in relief camps.
Mr Issac told the media that the cost of a ticket would be ₹ 250 with the draw on October 3, with the entire proceeds of the lottery going towards the CMDRF.
"The lottery has been named ''Ashwas'' and there would be a first prize of ₹ 1 lakh in each series and ₹ 5,000 for 108,000 tickets," the Minister said.An informed source said: "The target of this special lottery is to raise ₹ 100 crore, which will be the net profit for the state government after meeting all expenses of this special lottery, if all the tickets are sold."
The floods have killed some 370 people since the monsoon rains began on May 29. It has caused widespread destruction, forcing more than one million people to take shelter in relief camps.
It was a chilly Montreal day last December when Gregorio De Santis
bought a lottery ticket, worth maybe even less than the paper stock it
was printed on.Get more news about 牛博包网公司,you can vist nb68.com
He tucked it away in a jacket pocket and forgot to check the lottery numbers on Dec. 6, when a drawing netted $5.4 million (U.S.) across four winning tickets.
But at least one-quarter of that prize - about $1.35 million - went unclaimed.
Winter slid into spring, followed by summer and its fading warmth.
At some point, De Santis's sister urged him to clear out his old clothes and donate them, the provincial lottery commission, Loto-Quebec, said. He tucked his hands into a liner pocket and felt the ticket.
It was worth a shot to look if he won a few bucks, De Santis told the commission. He checked the ticket at a store's display on Friday, and it lit up with a four-digit number. He celebrated what he thought was a win of more than $1,000.Then he began to realize that there were a string of zeros attached to the end. It nearly gave him a heart attack, he said.
His improbable win was a product of timing. Winning tickets are valid for up to a year after the drawing, according to Loto-Quebec's rules - so De Santis had only about two months left to discover the ticket before his prize was gone forever.He will use the money to finance his retirement and take his nephew to some hockey games, he told the commission, and he thanked his sister for her advice on tidying up.
He tucked it away in a jacket pocket and forgot to check the lottery numbers on Dec. 6, when a drawing netted $5.4 million (U.S.) across four winning tickets.
But at least one-quarter of that prize - about $1.35 million - went unclaimed.
Winter slid into spring, followed by summer and its fading warmth.
At some point, De Santis's sister urged him to clear out his old clothes and donate them, the provincial lottery commission, Loto-Quebec, said. He tucked his hands into a liner pocket and felt the ticket.
It was worth a shot to look if he won a few bucks, De Santis told the commission. He checked the ticket at a store's display on Friday, and it lit up with a four-digit number. He celebrated what he thought was a win of more than $1,000.Then he began to realize that there were a string of zeros attached to the end. It nearly gave him a heart attack, he said.
His improbable win was a product of timing. Winning tickets are valid for up to a year after the drawing, according to Loto-Quebec's rules - so De Santis had only about two months left to discover the ticket before his prize was gone forever.He will use the money to finance his retirement and take his nephew to some hockey games, he told the commission, and he thanked his sister for her advice on tidying up.
A Quebec couple won Can$1 million ($750,000) in the lottery after
finding a winning ticket that had been forgotten in a book for months,
the province's Loto-Quebec organization said Wednesday.Get more news
about 电子游戏包网,you can vist loto98.com
Nicole Pedneault and Roger Larocque only realised last weekend that they had a winning ticket from an April 5, 2018 drawing.
While looking through a book about Japan to help her grandson with a school project, Pedneault noticed something had fallen from the pages.
It was a lottery ticket the couple had bought for Valentine's Day last year.
"If my grandson hadn't asked me to give him some things for his presentation, I wouldn't have ever found the ticket," Pedneault said."The first thing I did when I found the ticket in the book was go look at the deadline for claiming winnings on the Loto-Quebec website," she said.
Nicole Pedneault and Roger Larocque only realised last weekend that they had a winning ticket from an April 5, 2018 drawing.
While looking through a book about Japan to help her grandson with a school project, Pedneault noticed something had fallen from the pages.
It was a lottery ticket the couple had bought for Valentine's Day last year.
"If my grandson hadn't asked me to give him some things for his presentation, I wouldn't have ever found the ticket," Pedneault said."The first thing I did when I found the ticket in the book was go look at the deadline for claiming winnings on the Loto-Quebec website," she said.
Kerala State Lotteries of Kerala finance department will release the
Sthree Sakthi lottery results today. The Kerala Lottery result of Sthree
Sakthi lottery for tickets sold for series SS 219 will be published for
the on the official portal of the Kerala Lotteries. The draw for Kerala
Lotteries will be held at Thiruvananthapuram today evening. The Sthree
Sakthi lottery carries a first prize of ₹ 7,500,000 (or 75 Lakh) and the
first prize was awarded to ticket number SR 223105 last week which was
at Thiruvananthapuramdistrict. The Kerala Lottery results for Sthree
Sakthi lottery will be released.Get more news about https://www.loto98.com,you can vist loto98.com
"The prize winners are advised to verify the winning numbers with the results published in the Kerala Government Gazatte and surrender the winning tickets within 30 days," according to a statement released by the Kerala Lotteries, a state government enterprises.
"Next Sthree Sakthi Lottery Draw will be held on 21/07/2020 at GORKY BHAVAN, THIRUVANANTHAPURAM," the Kerala Lotteries said in a statement last week.
The Sthree Sakthi lottery also has a second prize of ₹ .10 lakh and it was awarded to ticket number SN 294917 sold at Ernakulam district.
The Sthree Sakthi lottery also carries a third prize of ₹ 5,000 which will be awarded to 18 numbers.
"The prize winners are advised to verify the winning numbers with the results published in the Kerala Government Gazatte and surrender the winning tickets within 30 days," according to a statement released by the Kerala Lotteries, a state government enterprises.
"Next Sthree Sakthi Lottery Draw will be held on 21/07/2020 at GORKY BHAVAN, THIRUVANANTHAPURAM," the Kerala Lotteries said in a statement last week.
The Sthree Sakthi lottery also has a second prize of ₹ .10 lakh and it was awarded to ticket number SN 294917 sold at Ernakulam district.
The Sthree Sakthi lottery also carries a third prize of ₹ 5,000 which will be awarded to 18 numbers.
Venezuela's currency, the bolívar, has been drastically losing value on
the global market ahead of its reform in June. The bolívar has lost so
much value that World of Warcraft's in-game currency is now worth seven
times more than it.To get more news about cheap WoW items, you can visit lootwowgold official website.
Ever since Blizzard introduced the WoW Token, World of Warcraft's in-game gold has had a more direct comparison to real-world markets. WoW tokens can be bought with real money ($20) and then sold on the World of Warcraft auction house for gold. Players who buy a WoW token with gold get to redeem it for $15 on their Blizzard account, which is equal to one month of WoW playtime.With the bolívar becoming less and less valuable on the global market, Fortune noticed that its latest freefall has made it roughly seven times less valuable than gold in World of Warcraft.
According to the website WoWTokenPrices, which tracks the gold value of WoW Tokens, a $20 token will net you just over 200,000 gold. That means $1 is worth roughly 10,000 gold.
Meanwhile, according to Google, $1 is worth roughly 69,900 bolívares. The economy in Azeroth has been having a much better time than that of Venezuela.
Not only has the bolívar tanked dramatically since 2016, the value of gold in WoW has continuously gone up. Last August, Fortune reported that WoW gold was worth about twice as much as the bolívar, which at the time seemed extreme.
The value of the bolívar will change in June when the country redenominates the money to cut down on the huge amount of inflation. Soon, the new bolívar will be worth 1,000 current bolívares.
Ever since Blizzard introduced the WoW Token, World of Warcraft's in-game gold has had a more direct comparison to real-world markets. WoW tokens can be bought with real money ($20) and then sold on the World of Warcraft auction house for gold. Players who buy a WoW token with gold get to redeem it for $15 on their Blizzard account, which is equal to one month of WoW playtime.With the bolívar becoming less and less valuable on the global market, Fortune noticed that its latest freefall has made it roughly seven times less valuable than gold in World of Warcraft.
According to the website WoWTokenPrices, which tracks the gold value of WoW Tokens, a $20 token will net you just over 200,000 gold. That means $1 is worth roughly 10,000 gold.
Meanwhile, according to Google, $1 is worth roughly 69,900 bolívares. The economy in Azeroth has been having a much better time than that of Venezuela.
Not only has the bolívar tanked dramatically since 2016, the value of gold in WoW has continuously gone up. Last August, Fortune reported that WoW gold was worth about twice as much as the bolívar, which at the time seemed extreme.
The value of the bolívar will change in June when the country redenominates the money to cut down on the huge amount of inflation. Soon, the new bolívar will be worth 1,000 current bolívares.