User blogs

I have really wanted to write an article on why I hate day-trading for some time now…because I actually do HATE it…Day-trading is something that everyone knows about; you could walk up to any stranger and say “what do you think about day-trading?”, and they would probably say something like “risky, but it can make you rich really fast”. Day-trading is one of the main ideas that lures people into the trading world; they think they will make some fast money and live the “dream” if they just learn how to “day-trade”. However, once they try it, most people quickly realize that its time intensive, stressful, and extremely difficult to make consistent money at.To get more news about WikiFX, you can visit wikifx official website.

  If you get hooked on day-trading you are going to enter into a game of ‘quantity over quality’ of trades, and that is not what we believe in here at Learn To Trade The Market. Our goal is to help traders ‘preserve capital’ and wait patiently for only the ‘high probability trades’. Hopefully this article gives you some insight into why day trading is typically a highway to disaster for most traders.

I hate the façade of the stereotypical “day-trader”…
  There seems to be an impression among the general public that if you‘re a financial market speculator of any type you’re a “day-trader” sitting at home in front of multiple monitors making tons of frantic keystrokes and phone calls all day. Indeed, it seems more prestigious for us to tell our friends and acquaintances that we are “day-traders” during a lunch or dinner conversation…because when you tell someone you‘re a day-trader they immediately get a certain image in their head. If you say “I’m a daily chart swing-trader and I trade 4 to 10 times per month”….well that just sounds a lot less glamorous doesnt it?

  This Illusion of the “day-trader” is something that appeals to many people simply because they want to say they are “day-traders”…there‘s a certain perception of being some young and rich “day-trader” making millions and having a Ferrari…it ain’t reality though…

  The reality of a day-trader is a guy who got 2 hours of sleep last night because he was trying to trade the overnight session, now he‘s up at 6am trying to day-trade the next session. Many traders get sucked into trying to become a rich day-trader largely because that’s what they think is socially acceptable or “cool”, and it turns into them being glued to the charts every chance they get and probably not making much money (if any). This is not a healthy way to trade and its definitely not a healthy way to learn how to trade.
As a trading educator, it makes me HATE day-trading even more when I think about all the trading websites out there promoting it and how a lot of them are geared towards beginner traders, not to mention how heavily day-trading and scalping are discussed in almost every public trading discussion forum on the internet. Day-trading is something that should only be attempted by a very experienced trader, and probably should just not be attempted at all.

  You need to think of trading like building a house; first you need a foundation to build the house on, then as the house progresses you get down to finer and finer details until finally you are discussing how to decorate the interior and what type of TV to buy. As a trader, you NEED to understand how the higher time frame charts work and higher time frame price dynamics before you attempt trading the lower time frames. Trading should ALWAYS be taught and learned in a top-down technical approach, so that you understand what the higher time frames are doing before you try lower time frame trading or day-trading.
buzai232 Mar 10 '21, 12:39AM
2020 was the year of DeFi, not just in terms of the explosive price increases – but the technological advances and support from public figures.To get more news about WikiFX, you can visit wikifx official website.

  From the growth of UniSwap, Chainlink, AAVE, and BNB into the top 20 tokens by market cap to tech billionaire Mark Cuban revealing his positions in the aforementioned tokens, one must wonder what comes next.

  IMPROVED SECURITY AND AUDITING OF CONTRACTS.

  Exploits performed by hackers on vulnerable DeFi smart contracts resulted in the loss of tens of millions of funds throughout 2020 and early 2021.

  Flash loan attacks, where hackers can borrow large uncollateralized quantities of ETH and extract funds from exchange through complex arbitrage opportunities between stablecoins or manipulation of price oracles (the price providing part of a smart contract that interacts with market data outside the chain).

  Auditing smart contracts before they go live as part of yield farming or lending strategies by third-party firms such as Nexus Mutual is necessary – and becoming the accepted norm for DeFi platforms. Users becoming acquainted with the basics of DeFi development processes and community-led initiatives to ensure complete auditing of contracts are also vital to its long-term resiliency.

  ETH 2.0

  DeFi has grown from the Ethereum ecosystem but has reached a point where it is almost impossible to continue in the current Ethereum paradigm. ETH 2.0 promises lower fees – lending itself to the higher scalability that is needed for the financial products of the future. But more than lower fees, ETH 2.0 will hopefully address the first point raised.

  As a proof-of-stake chain, Ethereum miners will be unable to modify blocks that have already been validated – ensuring the robustness needed for a secure financial ecosystem. Projects like Binance token (BNB) and Cardano (ADA) plan to capture the DeFi market through their blockchains, but with the overwhelming majority of initial development done on Ethereum, ETH 2.0 would likely place the chain in a dominant position over DeFi.

  REGULATORY PRESSURES

  Regulatory focus on crypto has primarily been placed on tax evasion and other fraudulent activity. DeFi. The regulatory framework for DeFi by the governments of the US, China, Russia is nearly non-existent.

  Minimizing exit scams, implementing KYC on DEXs (decentralized-exchanges), and preventing money laundering remain pressing concerns.

  Overbearing regulation, including policy, targeted explicitly at obstructing DeFi is a critical macro risk that users and project CEOs must be aware of and account for. Government Policy could ultimately end up much favoring centralized exchanges such as Coinbase – which filed to go public on the 25th.
buzai232 Mar 10 '21, 12:32AM
The cryptocurrency market is relatively quiet at the onset of the new month. Bitcoin momentarily stepped above $50,000 on Monday but struggled to sustain the uptrend. The largest altcoin, Ethereum, stalled marginally above $1,600 following a sell signal on the 4-hour chart. On the other hand, Ripple has sustained its position above $0.4 despite the overhead pressure at $0.45.To get more news about WikiFX, you can visit wikifx official website.

  In spite of the calm in the market, Cardano has grown in market value, becoming the third-largest cryptoasset. The aspiring smart contract token market cap stands at $39 billion while exchanging hands at $1.23.

  Other selected coins with double-digit gains include Chainlink, Uniswap, NEM, THETA, The Graph, Compound, and Avalanche.

Bitcoin technical breakout intact
  Bitcoin is exchanging hands at $49,000 at the time of writing. It is immediately supported by the 100 Simple Moving Average (SMA) on the 4-hour chart. The recent breakout from the falling wedge pattern had a 16% target at $54,000, but BTC stalled marginally above $50,000, mainly due to the resistance at the 50 SMA.

  If support at the 100 SMA holds the ground, Bitcoin will continue with the upswing to $54,000. Besides, the Moving Average Convergence Divergence (MACD) reinforced the bulls intensifying dominance in the market.It is worth mentioning that as long as Bitcoin is trading below the 50 SMA and by association $50,000, recovery will be hampered. Similarly, failing to protect the 100 SMA support could trigger declines toward the 200 SMA near $45,000 (recent support level).

Ethereum upswing to $1,700 depends on a crucial barrier
  Ethereum is flipping bullish again after stalling slightly above $1,600. Immediate support has been established at the 100 SMA, allowing bulls to focus on higher price levels. The MACD indicator cements the bulls' position in the market. For instance, the MACD line (blue) is almost crossing into the positive territory while widening the signal line's divergence.

  Notably, a breakout past the 38.2% Fibonacci retracement level will leave Ether open-air to explore toward the hurdle at $1,700, as illustrated by the 50 SMA on the 4-hour chart.It is vital to keep in mind that failing to step above the 38.2% Fibo allows the bears to increase their positions while aiming for losses back to $1,500 and $1,400, respectively. Moreover, the resistance at $1,600 must come down to bring Ether out of the woods.

Ripple prepares for a 30% move
  The cross-border token is in consolidation after meeting the barrier at $0.45. The rebound from $0.4 was slow but consistent. Meanwhile, XRP's price action over the last couple of weeks has printed a symmetrical triangle pattern.

  This pattern does not have a bullish or bearish bias. It can lead to a massive breakout or breakdown. If the price slices through the upper trendline, XRP will hit a 30% target of around $0.575. The international money transfer token is currently doddering at $0.44 and drawing closer to the potentially massive upswing.
buzai232 Mar 10 '21, 12:24AM
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buzai232 Mar 10 '21, 12:14AM

The introduction of heat-not-burn (HNB) tobacco products as better alternatives to combustible tobacco would translate into public health gains, according to a public health expert.To get more news about iqos, you can visit hitaste official website.

Helen Redmond, adjunct professor at New York University-Silver School of Social Work, was referring to HNB or heated tobacco products (HTPs), which are smoke-free devices that heat, instead of burn specially designed tobacco units to release flavorful nicotine-containing tobacco vapor.

As the tobacco is not burned, the levels of harmful chemicals produced by HNB products are significantly lower compared to combustible cigarette smoke.She made the statement before the US Food and Drug Administration (FDA) authorized the marketing of IQOS, the tobacco heating system of Philip Morris International, as a modified risk tobacco product (MRTP).

It has been known for decades that tar and carcinogens found in tobacco smoke, causes the death and disease associated with smoking and not nicotine.

“The use of nicotine is no threat, because nicotine is not the problem. Combustible tobacco is,” Redmond said. “There is a widespread, mistaken notion that nicotine causes cancer and other health problems. That is false. What causes health problems is lighting tobacco on fire. The combustion releases thousands of toxic chemicals.”If HNB products appeal to smokers who, for whatever reason, find that vaping — estimated by Public Health England to be 95 percent safer than smoking — isn’t for them, it’s a huge win for public health,” she added.

The FDA’s MRTP authorization shows that IQOS is a fundamentally different product than combustible cigarettes, and must be regulated differently. The FDA’s decision is consistent with earlier conclusions of other leading regulatory and scientific bodies, including in the United Kingdom, Germany and the Netherlands, which have found that the product emits lower levels of harmful toxicants.
buzai232 Mar 10 '21, 12:04AM
Premier Li Keqiang kick-started China’s parliamentary session by outlining the economic growth target for the nation and pledging to stop foreign interference in Hong Kong.To get more news about LiangHui 2021, you can visit shine news official website.

In his 30-page government work report delivered at the National People’s Congress on Friday morning, Li said China still faced a series of challenges, ranging from lack of growth momentum to problems arising from the Covid-19 pandemic. He pledged measures to boost long-term growth, with a focus on innovation and tax cuts.Li said the central government would ensure the “comprehensive and accurate” implementation of “one country, two systems”, “Hong Kong people governing Hong Kong” and “high degree of autonomy”.

“We will resolutely guard against and deter external forces’ interference in the affairs of Hong Kong and Macau. We will support both regions as they grow their economies and improve people’s lives, so as to maintain the long-term prosperity and stability of Hong Kong and Macau,” he said.

Expanding on the plan to reform the Hong Kong electoral system, NPC Standing Committee vice-chairman Wang Chen said there were loopholes in Hong Kong that allowed foreign forces to interfere in the city’s affairs. Some even used their public office to call for such interference.

“The risks in the system need to be removed, and a democratic electoral system with Hong Kong characteristics needs to be established,” he said.Bracing for more fallout from the Covid-19 pandemic, Li said China’s GDP growth for 2021 would be “above 6 per cent”.

The Chinese economy still faced challenges, including weak domestic consumption and struggles for small and medium-sized enterprises, and the risk of unemployment was on the rise, he said.

To offset those challenges, Li said China would try to keep the urban unemployment rate at about 5.5 per cent, and aim for a consumer price index of about 3 per cent this year.Li said training for the People’s Liberation Army would be boosted, raising their readiness for battle. He said better coordination to address security risks was needed.

The military budget for 2021 would increase to 1.355 trillion yuan. The 6.8 per cent increase is slightly higher than the 6.6 per cent growth last year.Earlier, analysts expected defence budget growth would be lower, at about 6 per cent, because China was still battling the Covid-19 pandemic.
buzai232 Mar 9 '21, 11:50PM
Female lawmakers and political advisors, with record-high representation at China's ongoing annual "two sessions," are playing an irreplaceable role in pooling wisdom to fuel the country's development, as China embarks on a new journey toward socialist modernization.To get more news about China Two Sessions, you can visit shine news official website.

Official data shows that women make up 24.9 percent of national legislators at the 13th National People's Congress (NPC) and 20.4 percent of members of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body.The figures are 1.5 and 2.6 percentage points higher than the 12th NPC and 12th CPPCC National Committee, respectively.

The greater female presence offers a glimpse into the increasingly vital role that women are playing in every aspect of Chinese society.

International Women's Day, which falls on Monday this year, was marked with flowers, best wishes, and celebrations of the achievements of women.Chinese President Xi Jinping on Saturday extended festive greetings to the country's women of all ethnic groups and from all walks of life, applauding their contributions to the cause of socialism with Chinese characteristics in the new era.

Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, said the joint efforts of the whole Chinese nation, including Chinese women, are needed in realizing the development goals of the Party and the state. He urged Party committees and governments at all levels to fully understand the great significance of women's causes and protect women's rights and interests in accordance with the law.

As China zeroes in on fully building a modern socialist country, topics including rural vitalization, sci-tech innovation, and the protection of women's and children's rights and interests have been widely discussed among the female legislators and political advisors.

Urnisa Kader, an NPC deputy and vice director of a technology promotion center for the forestry and fruit industry in Turpan City, northwest China's Xinjiang Uygur Autonomous Region, submitted proposals on developing local tourism and building a local logistics center to this year's NPC session.

Having devoted the past 20 years to teaching local farmers standardized fruit cultivation techniques and helping them raise their incomes, Kader, of Uygur ethnicity, said she and local farmers are aiming for a more prosperous future as China pushes ahead with its rural vitalization strategy after eradicating absolute poverty nationwide."Turpan now has high-speed rail and an airport thanks to infrastructure construction in the past few years. We hope the development of the tourism industry and the construction of a dried fruit logistics center will help the farmers make more money," she said.

Chen Wei, a leading medical scientist and a CPPCC National Committee member, has focused on strengthening research into COVID-19 and vaccine development in her proposals.

Chen was among the first batch of frontline workers that rushed to the central Chinese city of Wuhan to help when COVID-19 hit the city hard. She also led the research and development of an adenovirus-vectored COVID-19 vaccine, which has been approved for use in China.

Related research work should be further enhanced by using innovative technologies such as biotech, big data, cloud computing, and artificial intelligence to better understand the sources, animal hosts, and pathogenic mechanisms of viruses, Chen said.
buzai232 Mar 9 '21, 09:12PM
There are many trading brokers you can choose from. But you should be extremely careful because not all of them are honest. In fact, a great number of brokers working on the Internet are not regulated. Those you do not want to be anywhere near your trading.To get more news about WikiFX, you can visit wikifx official website.

  There are also plenty of regulated brokers of financial derivatives. Again, not all of them are the best choice because not everyones work is transparent.

  And here is Olymp Trade. During the time we conducted many tests to discover the ways regulated financial derivative brokers steal from you. Olymp Trade proved its worth. This is the one you can trust.The traders develop their own trading styles and normally, those techniques work on various platforms. The truth is, that the broker is at the same time a technology owner. And this, unfortunately, gives them the ability to moderate the price.

  If the broker is dishonorable and he notices that you keep winning the trades, he might want to change this situation by manipulating prices. Usually, it is one tick change just before the end of the trade.

  If you are in doubt, check out your broker by opening another platform (e.g. MT4) next to the present one. Run them simultaneously and compare the price fluctuations in real-time.Fixed-time trades expire at the specified time. Therefore, it is very important to study the timer, when entering the trade. Keep an eye on the clock to check whether the order is processed exactly at the time it was set or not. Next, whether the timer runs as normal. And lastly, whether the trade expires as expected.

  Unfortunately, there are brokers ready to manipulate their timers just to cause a loss for you. They either make the clock run faster or slower. Both ways, you lose, they win.Small gains are increasing the appetite for more. They boost your confidence as well. Why not try on bigger amounts when you are so good in small ones in the long run. And brokers know all of this very well.

  What they do is allow you to win small amounts on their platforms. With time, you wish to invest a big chunk of money in one transaction. And from this point, things are not going exactly the way you wanted.

  The brokers are fraudulently taking the money from your account balance. They are aware of the fact, that you will most probably fund your account another time just to recover your failures. And it all starts again.Another classic way for market crooks. Imagine you enter the trade. It is very natural you want to watch how it is developing. You want to see the price movement in the desired direction. And right before the transaction expires, the server disconnects.

  Sure, the error connection could happen. But not necessarily it was on your side. Sometimes it is the broker‘s intentional action. And when this will happen, you become completely baffled. The market won’t stop and wait, but you can do absolutely nothing. After a very short moment, even a few seconds, when the connection problem is fixed, you realize you have lost your trade.Usually, the brokers have a set schedule in which payouts have to be processed and transferred to clients accounts. If you find out you still do not have your money deposited after the specified time, you have the right to ask for the explanation. And then, there should be the support team able to help you to get your money back.

  The trick the fraudulent brokers often use is to upset their customers by applying a difficult and confusing support system. Often the clients get fed up with it and they simply give up. Do not be one of them. Be certain to generate a transaction confirmation each time you perform a payout. You can also take a screenshot. Moreover, please verify that your chosen broker has a tracking mechanism that gives you the possibility of following the withdrawal process.
buzai232 Mar 9 '21, 03:54AM
Like other precious metals, silver prices have been challenged in recent days by the rise in global bond yields, particularly US Treasury yields. Even as silver prices have dropped below the February low, the market is still proving rather resilient. The quick return back above the February low as well as key Fibonacci retracements suggests that underlying demand remains robust, even through the yield storm.To get more news about WikiFX, you can visit wikifx official website.

  Its important to view recent price action across asset classes through the lens of asset allocation and risk-adjusted returns. Silver, like other precious metals, does not have a dividend, yield, or coupon, thus a jump in both US nominal and real yields presents a problem. Moreover, rising US Treasury yields, narrowing the gap with key metrics like US S&P 500 dividend yield (and above that, the earnings yield), are provoking reallocation not just in commodities, but equities and FX as well.

  Bond markets are the ‘tail that wags the dog,’ and while longer-term fundamentals matter, a rapid advance in yields can provoke short-term havoc that runs counter to longer-term expectations (in this case, which is a steady erosion in real yields due to the combination of loose monetary policy and expansionary fiscal policy).

SILVER PRICE TECHNICAL ANALYSIS: DAILY CHART (MARCH 2020 TO MARCH 2021) (CHART 1)In the last silver price forecast update, it was noted that “silver prices are still carving out ‘higher highs and higher lows’; December, January, and February have set higher highs and higher lows than each of the preceding months.” Technically speaking, this trend has now ended, with today‘s price action producing a ’lower low‘ relative to February. In context of the early-February spike that produced a brief break of the 2020 high, traders shouldn’t dismiss a potential double top coming together.

  For now, silver prices remain in the uptrend from the March and November 2020 low, but the slow grind higher through symmetrical triangle resistance from the August 2020 and January 2021 highs has lost some momentum. Despite the daily hammer candle, silver prices are below their daily 5-, 8-, 13-, and 21-EMA envelope, which is in neither bearish nor bullish sequential order. Daily MACD is trending lower but remains above its signal line, while daily Slow Stochastics have already dropped below their median line.The long-term view on silver prices remains bullish. “The recent triangle consolidation is occurring in context of the breakout from the downtrend dating back to the August 2013 and July 2016 highs, suggesting that a long-term bottoming effort is still under way. If the silver price triangle were to breakout to the topside, there would be good reason to suspect that the move had meaningful technical tailwinds pushing prices higher. The near-term bullish breakout in silver prices may be the start of the next leg higher in this multi-year bottoming effort.”

  Both gold and silver are precious metals that typically enjoy a safe haven appeal during times of uncertainty in financial markets. While other asset classes don‘t like increased volatility (signaling greater uncertainty around cash flows, dividends, coupon payments, etc.), precious metals tend to benefit from periods of higher volatility as uncertainty increases silver’s safe haven appeal.
buzai232 Mar 9 '21, 03:46AM
Global long-term bond yields have been extending their gains, with the US 10-Year Treasury yield at one point hiking to 1.61%. As a result, global stock markets staged corrections to different degrees amid concerns over the Feds earlier tightening of monetary policy. The costs of financial institutions and corporate finance exploded in this case, hitting the economies struggling to recover.To get more news about WikiFX, you can visit wikifx official website.

  Financial markets are betting on the Fed‘s intervention in the face of the soaring US 10-Year Treasury yield. They believe the bank won’t just sit by and watch the financial market and the economy adversely affected. Thus some analysts predicted that the Fed would soon launch Operation Twist (OT) to mitigate the pressure from the spiking long-term bond yields.
Operation Twist occurs whenever the Fed uses the proceeds of its sales from short-term Treasury bills to buy long-term Treasury notes. By buying long-term notes in bulk, it puts a premium on bond prices, pushing a fall in interest rates which reduces the cost of borrowing for businesses. At the same time, it takes off some pressure of tightening monetary policy on the Fed.

  The last time the Fed attempted the OT was in September 2011, in response to the Eurozone debt crisis and the aftermath of the financial tsunami. At this stage, the bank is unlikely to launch a large twist because the current correction in the financial market is not deep enough.

  In future trading, the 10-Year Treasury yield is expected to regain the upward momentum after temporary consolidation, with the high of 1.97% recorded in November 2019 the general target. The uptrend, however, will hamper the Japanese yen, Swiss franc, euro and gold, but boost the DXY, which has a great chance to stand at 91.60 or even above.
buzai232 Mar 9 '21, 03:39AM
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