Finally, Facebook decided to launch its digital currency by 2020

 And plans to establish a digital payment system in countries by the year.

The social networking giant wants to start testing its encrypted currency, which was internally referred to as GlobalCoin, by the end of this year.

It is likely that the plans will be further elaborated this summer, and has already been spoken to Bank of England Governor Mark Carney.

Mark Zuckerberg met Mr. Carney to discuss the opportunities and risks involved in releasing the encryption currency.
Facebook also sought advice on operational and regulatory issues from US Treasury officials.

The company is also in talks with money-transfer companies, including Western Union, where they are looking for cheaper and faster ways for people who do not have a bank account to send and receive money.
As a result, Facebook has penetrated the area of cryptocurrency strongly

Facebook plans to launch 'GlobalCoin' currency in 2020

Finally, Facebook decided to launch its digital currency by 2020  And plans to establish a digital payment system in countries by th...

Facebook plans to launch 'GlobalCoin' currency in 2020

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1. Jesse Livermore: Jesse Lauriston Livermore was an American trader famous for both colossal gains and losses in the market. He successfully shorted market crash in 1929 , building his fortune to $100 million. However, by 1934 he had lost his money and tragically took his own life in 1940.

2. William Delbert Gann: WD Gann  was a trader who used market forecasting methods based on geometry, astrology, and ancient mathematics. His mysterious technical tools include Gann angles and the Square of 9. As well as trading, Gann wrote a number of books and courses.

3. George Soros: is the chairman of Soros Fund Management, one of the most successful firms in the history of the hedge fund industry. He is The Man Who Caused bankruptcy the Bank of england  after his short sale , And made profits estimated at one billion dollars

4. Jim Rogers: James Rogers, Jr.  is the Chairman of Rogers Holdings. He co-founded the box Quantum , which gained a staggering 4200% over 10 years. Rogers is renowned for his correct bullish call on commodities in the 1990's and also for his books detailing his adventurous world travels.

5. Richard Dennis: Richard J. Dennis  made his mark in the trading world as a highly successful Chicago-based commodities trader. He reportedly almost a $200 million fortune over ten years from his speculating. Along with partner William Eckhardt, Dennis was co-creator of the mythical Turtle Trading experiment (See: Turtle Trading: A Market Legend).

6. Paul Tudor Jones: Paul Tudor Jones II is the founder of Tudor Investment Corporation, one of the world's leading hedge funds. Tudor Jones gained notoriety after making around $100 million from shorting stocks during the 1987 market crash.

7. John Paulson:  of the hedge fund Paulson & Co., rose to the top of the financial world after making billions of dollars in 2007 by means of credit default swaps to effectively sell short  subprime mortgage lending market.

8. Steven Cohen: Steven Cohen founded SAC Capital Advisors, a leading hedge fund focused primarily on trading equities. In 2013, he  was charged by the Securities and Exchange Commission with failing to prevent insider trading and later agreed to pay a $1.2 billion fine.

9. David Tepper: David Tepper  is the founder of the wildly successful hedge fund Appaloosa Management. Tepper, a specialist in distressed debt investing, has made several appearances on CNBC where his statements are closely watched by traders. (See: Why Hedge Funds Love Distressed Debt.)

10. Nick Leeson: Nicholas Leesonis the rogue trader who famously caused the collapse of Barings Bank. nick Leeson served four years in a Singapore jail but later bounced back to become CEO of Irish football club Galway United.

Top 10 Richest Traders in the World

1. Jesse Livermore: Jesse Lauriston Livermore was an American trader famous for both colossal gains and losses in the market. He success...

Top 10 Richest Traders in the World

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here are three class of people in this world.

Poor people: They live on their day-to-day wages.
Middle Class People: They buy liabilities and spend all their life repaying the liabilities (loans may be home loan, car loan or personal loan).
Rich People: They buy assets and generate enough cashflows to satisfy all their needs and wants.
The secret of rich people is that they all have multiple sources of income and stock market is one of the most important source. For getting rich you have to make the money work for you,not the opposite

Over a long period of time, stock market has given the best returns among all the assets. For Example, ₹10,000 invested in Wipro in 1980 would be worth ₹500 crores today. While you did nothing, your investment was making money for you.

Most of the people world would advise you to stay away from stock markets because they think that it is dangerous, and you will end up losing money. Yes, it is dangerous if you don’t know anything about how the stock markets work. If you don’t know anything about stock markets and are not even planning to know, then don’t invest directly in stock markets, invest through mutual funds.

But if you are ready to explore the stock market, start by reading some books. One of my favorites is The Intelligent Investor by Benjamin Graham. Stock market will be very fruitful if you have right set of knowledge. Remember, Knowledge is Power.

Why Should I Invest?

here are three class of people in this world. Poor people: They live on their day-to-day wages. Middle Class People: They buy liabili...

Why Should I Invest?

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A fierce debate has been raging in investment circles: Is bitcoin a genuine contender to gold’s hegemony as the go-to store of value?

About two years ago, the Winklevoss twins quipped that bitcoin would one day become better at being gold than gold itself, adding that the only advantage the yellow metal has over BTC is a 3,000-year head-start. Have we arrived at this point yet?

The bitcoin camp has made its case: BTC has many attractive features that trounce gold’s including being mathematically scarce, harder to counterfeit, portable, transferrable and superior divisibility thus allowing micro-transactions (try buying a latte using a gold bar).

A peek at their recent price actions might convince you that bitcoin has even usurped gold’s role as the pre-eminent safe haven asset.

BTC price has spiked as trade tensions between Washington and Beijing have reached fever pitch yet bullion has hardly budged—up less than 1 percent over the past seven days.

But the gold camp now says not so fast. For many gold punters, cryptocurrencies stands zero chance of ever replacing gold. One such gold bug is CEO of Wheaton Precious Metals, Randy Smallwood. In a telephone interview with Kitco News, Smallwood, says that simple physics prove that cryptocurrencies will never replace gold.

His argument is straightforward, ‘‘The beauty of gold is that it’s a solid asset. It’s been around for a very long time and will continue to be around. The problem with cryptocurrencies is that the market is always changing and you constantly have to watch it.’’

But here comes the punchline, “All cryptocurrencies are virtual and therefore are replaceable. But there is only one type of gold.”

Why Gold Still Beats Bitcoin

A fierce debate has been raging in investment circles: Is bitcoin a genuine contender to gold’s hegemony as the go-to store of value? ...

Why Gold Still Beats Bitcoin

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Metaquotes Inc has given us two forex platforms that have dominated the retail forex trading space. These are the MT4 and the MT5 platforms. In today’s article, we will look at both platforms and see where there are similarities as well as differences, and where there have been improvements that will make traders happy.

There are a number of differences between the MT4 and the MT5 platforms. These differences are summed up as follows.

The first thing that you will notice when you look at the time frame tabs on the navigation menu, is that the number of time frames available for use has been increased from 9 in the MT4 platform, to 21 time frames in the MT5 platform. This has been done to keep pace with similar improvements in competing platforms, and provides the trader with more choice in terms of what time periods can be used for trade analysis.

The number of indicators has also been tweaked. The indicator count has been increased from 30 indicators in the MT4 to 38 indicators in the MT5.

How many assets can you trade on both platforms? Asset listings differ from one broker to the other. There are some brokers that have even decided to separate assets and feature some on the MT4 and the rest on MT5. But generally speaking, there are more assets available for trading on the MT5 than there are on the MT4. Another important addition to many instances of the MT5 are various new cryptocurrency assets, with variations such as those with full contracts and others with mini contracts. So you tend to have a more diversified and expanded asset base on the MT5 platforms than there are on the MT4.

Related: Top and The Best MetaTrader 5 (MT5) Forex Brokers

Various new analysis tools have been added to the MT5, along with enhancements to tools that were already existent on the MT4. The new tools that have been added to the MT5 (which are not found on the MT4) include 22 new analytical objects and as many as 46 graphical objects. Texts and text labels can be added, and they stay put even when the user scrolls the charts. Also, you can open a new chart window within an existing chart.

Strategy Testing and Optimization
Unlike the MT4 which features a very slow strategy testing process, the MT5 has seen a vast improvement in this feature, with faster speeds and the ability to perform tests and optimizations on multiple assets. Multi-asset testing has previously not been possible with the MT4.


New Features Added to the MT5
A number of new features have been added to the MT5 platform. These are features not found on the MT4 and include the following:

Addition of an economic calendar tab.
Increase in the number of pending orders that can be used by traders from 4 to 6. Now we no longer have just the Limit and Stop orders on the Buy and Sell side, but also Stop Limit orders on both sides of the trade order divide.
Addition of a One Click Trading button.
There has also been a re-arrangement of the expiration function on pending orders.
Live chat facility has been added.
Traders can now adjust the display resolution of their MT5 client by using the Resolution button.
A Depth of Market pop-up box, which shows the order book that displays buying and selling activity on every asset. The Depth of Market button is placed on the charts of every asset listed on the MT5 platform.

An E-commerce button has been added to the platform.
More importantly, the programming language for the MT5 has been modified to include an element of C#. This means that programmers used to the MQL4 will have to upgrade their knowledge if they are to successfully operate on the MQL5 interface. This also has implications on the forex robots and indicators used, as those which used to work on the MT4 cannot be used on the MT5 platform.
A Help bar which shows documentation for various functions and tabs found on the MT5 platform.
Similarities Between the MT4 and MT5
Despite the differences between the MT4 and MT5 as highlighted above, the two platforms still retain a number of similarities.

The trade order interface has been retained to a very large degree.

You can still add your EAs and custom indicators to the Data Folder, just the same way it is done with the MT4 platform.
Many of the keyboard shortcuts found in the MT4 have been left unchanged in the MT5. This means that traders can still use the same keyboard shortcuts they have been used to on the MT5. It would really have been a source of bother to have to learn any new keyboard shortcuts all over again.
Conclusion

Generally speaking, the user interfaces of the two platforms have not undergone much modification. A lot of the elements found on the MT4 interface have been retained in the MT5. What has changed is some of the functions that control trading activity as well as chart analysis.

MetaTrader 4 (MT4) Vs MetaTrader 5 (MT5) Forex Trading PLatform

Metaquotes Inc has given us two forex platforms that have dominated the retail forex trading space. These are the MT4 and the MT5 platfo...

MetaTrader 4 (MT4) Vs MetaTrader 5 (MT5) Forex Trading PLatform

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Bitcoin Surpasses $9,000 Setting Another Yearly Record

Yes  again, Bitcoin’s price is on the up, surpassing the $9,000 threshold for the first time this year.

According to CoinMarketCap, the last time the market leading cryptocurrency stood at more than $9,000 was 13 months ago, in early May 2018.

This isn’t the first time Bitcoin BTC has set a new yearly price record. Back in May, the digital coin surpassed $8,000 for the first time since July 2018.

Bitcoin price via CoinMarketCap

As ever, it’s difficult to pinpoint exactly what is causing the cryptocurrency’s price to rise as it has over the past few months. But there’s plenty of speculation attempting to explain its recent movements.

While this is the first time the market aggregated average price for Bitcoin has surpassed $9,000, earlier in May it briefly hit $9,097 on Luxembourg-based exchange Bitstamp.

For now, Bitcoin sits at just above $9,000, priced at $$9,183.21 according to CoinMarketCap.

Will we see a new number in the coming days? probably yes .The rise since the beginning of the year Especially with obvious political problems

Bitcoin Surpasses $9,000 Setting Another Yearly Record

Bitcoin Surpasses $9,000 Setting Another Yearly Record Yes  again, Bitcoin’s price is on the up, surpassing the $9,000 threshold for ...

Bitcoin Surpasses $9,000 Setting Another Yearly Record

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Forex trading is an investment vehicle where the more money is used, the more money can be made. The problem here is that traders try to make too much money with too little capital, and they usually do this by using very aggressive targets and deploying very risky strategies. That is why many end up losing their entire capital as opposed to actually building capital to a level where it can produce more money with the same level of effort.

Is it possible to make millions with forex trading, or is it all a myth? There is no myth here as it is very possible to make such returns. Traders around the world have done, but the numbers are indeed few. The real way to make millions from forex is to go about things using these two strategies:

Using the principle of compounding

Using very low risk as part of the risk management strategy

Using risk-reward ratios of at least 1:3 for all trades

What follows is an explanation of how you can genuinely make millions in forex trading.

The Compounding Principle

The compounding principle uses a very low risk percentage as its baseline target. Essentially, the trader aims to make an achievable percentage return per month, and uses any profits plus the initial capital into forex trades for the next month, using the same level of risk and without making any withdrawals. The compounding forex strategy illustrates this using an Excel sheet to which the parameters can be adjusted.

This is continued every month for at least 3-5 years, depending on how much the trader started with and how much risk is used. The essential components of this strategy are using a low percentage return per month to minimize risk, and also to ensure that capital is built up to do greater work in terms of yielding returns.

Look at it this way.

5% of $5000 is $250.

$5 of $100,000 is $5000.

It’s the same percentage, same effort, but greater amount in profit for the person who earns 5% on the bigger capital. So why not grow your $5000 into $100,000 and use it to compound your way to millions? From the Excel sheet, you can actually achieve this in 2 years using a 12.5% monthly target.

Here, we will discuss risk as a function of the percentage being targeted in the journey to making a million dollars from forex trading. The journey to making a million dollars is not one that requires targeting a lot. You should cut your risk by targeting a little percentage every month. For instance, if you target 10% returns a month, you will very well achieve your target in 5 years. A % return of 9% in a month will mean that you only need to target 0.75% returns per trade, over 12 trading days in a month (Tuesday to Thursday every week).

Let us look at the snapshot from an Excel sheet calculation, based on 9% monthly returns over a 5-year period, starting with $6,000. For the 1st month, the targeted return from 10 -12 days of trading is $540.

Using Risk-Reward Ratios to Achieve This Monthly Target

This is the trickiest part of the strategy, and yet the best part. The use of a decent risk-reward ratio which sees the trader targeting at least three times whatever is risked as the stop loss, will ensure that even when more losses are sustained in a trading day, the trader will still achieve the desired profit targets.

For this strategy, it is recommended to trade with a leverage of at least 1:100 on a capital of at least $600. The maximum lot size to be used will be 0.25 lots, and three trades will be taken in a day. None of these trades will be taken simultaneously, meaning that only 1 position will be held at a time.

The win-loss ratio to be adopted will be at least 1:2, meaning that out of three trades, there must be a winner. If the trader’s first trade ends in profit, no more trades are taken for that day. If the first trade ends in a loss, then the trader can target to win the 2nd trade, and leave it at that. It is only if 2 trades are lost that the trader can target a 3rd trade. If three successive losses are sustained, trading for the day is suspended and carried on to the next trading day, where the target will be to recover the capital to the original size first, before resuming the compounding strategy.

Calculation:

How many trades do you need to win or lose in a month to achieve a target of $540? To determine this, we will use a risk-reward ratio of 1:3. This means that we need at least three trades in a day, for which you will set the following targets.

Scenario 1:

Trade size: 2.5 mini lots (0.25 lots; equivalent to $2.50 per pip)

SL/PT per trade: 20 pips SL/60 pips TP

Total wins (pips): 60 pips; $150

Net profit: $150

If the 1st trade is a winner, then 60 pips are won, and $150 is retained. This may go to offset losses that may occur on some days within the month.

Scenario 2:

This is used if the 1s trade ends in a loss and the 2nd ends in a profit.

Trade size: 2.5 mini lots (0.25 lots; equivalent to $2.50 per pip)

SL/PT per trade: 20 pips SL/60 pips PT

Number of trades to win: 1 out of 2

Total wins (pips): 60 pips; $150

Total losses (pips): 20 pips: $50

Net profit: $100

No further trades are taken. Again, the extra profit is retained to offset any future daily losses.

Scenario 3:

This is used if the first two trades end in a loss. If a third trade ends in a profit, this is how it works out:

Trade size: 2.5 mini lots (0.25 lots; equivalent to $2.50 per pip)

SL/PT per trade: 20 pips SL/60 pips PT

Number of trades to win: 1 out of 3

Total wins (pips): 60 pips; $150

Total losses (pips): 40 pips: $100

Net profit: $50

No further trades are taken as daily target has been met.

The compounding forex strategy shown here, with raw calculations, can be practiced over a 3-month period before going live with it, to ensure that a thorough understanding of the parameters has been achieved.

Making Millions With Forex Trading: Myth Or Reality ?

Forex trading is an investment vehicle where the more money is used, the more money can be made. The problem here is that traders try ...

Making Millions With Forex Trading: Myth Or Reality ?

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As 2018 came to an end, crypto Currency Tok a big hit, 80% dropped from there peak in earlier January, Bitcoin in November also dropped by 80% it lost almost 3 ninths of its value in previous weeks. Bitcoin dropped as low as $2,000 USD but make a nice recovery shortly after. Heading into 2019 bitcoin predictions are believed to make a rise and some experts are suggesting that bitcoin could be worth a staggering, $20,000 or even $50,000 USD. With the cryptocurrency predictions setting high expectations now would be a great time to invest. Jeet Singh A cryptocurrency portfolio manager stated he wasn't worried about the cryptocurrencies fluctuating and said that it is normal for cryptocurrency to fluctuate 70-80%. He then compared cryptocurrencies to companies such as Microsoft and Apple stating, initially the stocks were also volatile for them and as they gather their business model, stocks not only climbed but they become much more stable too. 

for me I believe Bitcoin will be worth a lot more in later 2019 as the other altcoins fade, bitcoin will continue to rise and become more dominant Especially with the current political and economic problems between America and China, bitcoin is considered a safe haven.

The Future of bitcoin in 2019

As 2018 came to an end, crypto Currency Tok a big hit, 80% dropped from there peak in earlier January, Bitcoin in November also dropp...

The Future of bitcoin in 2019

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