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Cryptocurrency

4 Penny Cryptocurrencies Under 3 Cent Worth Buying

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1-TRON (TRX)

TRONIX is a MainNet token based on the TRON Protocol issued by TRON Foundation, known as TRX.

TRX is the basic unit of accounts on the TRON blockchain. The value of all other tokens derives from that of TRON. TRX is also a natural medium currency for all TRC-based tokens. TRX connects the entire TRON ecosystem, with abundant application scenarios that power transactions and applications on the chain.

TRON is an operating system based on a blockchain that seeks to create an independent, decentralized, democratic and high-performance web

At this time TRX Price is $0.029675

2-Stellar Lumens (XLM)

Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network.

Stellar has no owner; if anything it’s owned by the public. The software runs across a decentralized, open network and handles millions of transactions each day. Like Bitcoin and Ethereum, Stellar relies on blockchain to keep the network in sync, but the end-user experience is more like cash—Stellar is much faster, cheaper, and more energy-efficient than typical blockchain-based systems.

At this time XLM Price is $0.2818

3-Ravencoin (RVN)

Ravencoin is a digital peer to peer network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was launched January 3rd, 2018, and is a truly open source project (no ICO or masternodes). It focuses on building a useful technology, with a strong and growing community.

At this time RVN Price is $0.01722

4-Cardano (ADA)

Ada is a digital currency. Any user, located anywhere in the world, can use ada as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain.

Every ada holder also holds a stake in the Cardano network. Ada stored in a wallet can be delegated to a stake pool to earn rewards – to participate in the successful running of the network – or pledged to a stake pool to increase the pool’s likelihood of receiving rewards. In time, ada will also be usable for a variety of applications and services on the Cardano platform.

At this time ADA Price is $0.3370

 

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Categories
Forex

Philosophy of Trend Trading

The concept of trend trading stems from the idea that the best way to trade the markets is through the understanding of the constant that is the markets participants.

It is vital that you understand the logical basis for this approach, so you can firmly appreciate how hard it is to do and so you can summon the inner strength to follow these techniques during difficult times. Without this understanding there is no way anyone could consistently apply these techniques.

Hence trend trading attempts to understand and benefit from human nature and feelings in specific instances.

It is this act of people voting with their opinions that moves markets.

This type of human behaviour is somewhat easier to interpret than others as we notice a collective commonality of the madness of the crowd or ‘herd mentality’.

How Does a Trend Happen?

A trend simply reflects some alteration [perceived or genuine] to the supply and demand dynamic from that which was previously factored into the price as it was previously thought it would exist and the market must adjust to reflect this new outlook. [Simply put — the underlying factors affecting price considerations have changed hence the market price must adjust accordingly]

When all is normal in the world prices tend to stay in a sideways band. Every now and then supply or demand changes and that is what a trend is, it is the market adjusting to its new fair price and equilibrium. This of course is a meeting of the minds of buyers and sellers, so price must travel to this new equilibrium, by consensus i.e. there is akin to negotiation in price as participants trade with one another at satisfactory rates.

The result is that in upward trending market buyers offer higher prices and sellers may delay somewhat in accepting those prices hence the prices rise. Also with an overabundance of buyers they will place sequentially higher orders to buy to ‘lure’ sellers to part. The seller will then choose to accept the highest prices and at that point the market price has moved up to that new level.

When the price reaches its new supply and demand equilibrium the price stops trending and begins to go sideways [i.e. remains relatively flat] and typically will remain that way until the relationship of supply and demand changes again, which it inevitably will at some stage.

As a result of the very fact that circumstances change trends are bound to occur so the choice is whether to try to ‘beat’ scores of fundamentalists in large institutions studying those changing factors or to simply accept their decisions with regard to price and trade in favour of capital flow. It is this latter approach that we endorse. Education in the former is too laborious, subjective and specialist for most new traders.

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Trading Psychology

The psychological aspect of trading is extremely important, and the reason for that is fairly simple: A trader is often darting in and out of stocks on short notice, and is forced to make quick decisions. To accomplish this, they need a certain presence of mind. They also, by extension, need discipline, so that they stick with previously established trading plans and know when to book profits and losses. Emotions simply can’t get in the way.

The emotions and mental state that dictate success or failure in trading securities. Trading psychology refers to the aspects of an individual’s mental makeup that help determine whether he or she will be successful in buying and selling securities for a profit. Trading psychology is as important as other attributes such as knowledge, experience and skill in determining trading success. Discipline and risk-taking are two of the most critical aspects of trading psychology, since a trader’s implementation of these aspects is critical to the success of his or her trading plan. While fear and greed are the two most commonly known emotions associated with trading psychology, other emotions that drive trading behavior are hope and regret.

Greed

Greed is an excessive desire for wealth. Greed often causes traders to stay in a profitable trade longer than is advisable in a bid to squeeze out extra profits from it, or to take on large speculative positions. Greed is most apparent in the final phase of bull markets, when speculation runs rampant and investors throw caution to the winds

Fear

Conversely, fear causes traders to close out positions prematurely or to refrain from taking on risk because of concern about large losses. Fear is palpable during bear markets, and it is a potent emotion that can cause traders and investors to act irrationally in their haste to exit the market. Fear often morphs into panic, which generally causes markets to decline at a much faster rate than they advance.

Regret may cause a trader to get into a trade after initially missing out on it because the stock moved too fast. This is a violation of trading discipline and often results in the trader getting in too late on the trade.

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Amazon Profile

Sector: Retail Trade

Industry: Internet Retail

Employees: 798000

Amazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The Company, through its subsidiary, Whole Foods Market, Inc., offers healthy and organic food and staples across its stores. The Company also offers a range of products like whole trade bananas, organic avocados, organic large brown eggs, organic responsibly-farmed salmon and tilapia, organic baby kale and baby lettuce, animal-welfare-rated 85% lean ground beef, creamy and crunchy almond butter, organic gala and fuji apples, organic rotisserie chicken.

Source: TradingView

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ZM Profile

SectorTechnology Services

IndustryPackaged Software

Employees2532

Zoom Video Communications, Inc. engages in the provision of video-first communications platform. It connects people through frictionless video, voice, chat and content sharing, and enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations. It focuses on customer and employee happiness, a video-first cloud architecture, recognized market leadership, viral demand, an efficient go-to-market strategy, and robust customer support. The company was founded by Eric S. Yuan in 2011 and is headquartered in San Jose, CA.

BUY ZM On ETORO

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OKTA Profile

SectorTechnology Services

Industry: Packaged Software

Employees2248

Okta, Inc. engages in the provision of identity management platform for the enterprise. It operates through United States and International geographical segments. The firm’s products include single sign-on, multi factor authentication, API access management, authentication, user management, and lifecycle management. The company was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.

BUY OCTA On ETORO

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Binary Options Cryptocurrency Forex

Oscillator indicators

An oscillator is a technical analysis tool that is banded between two extreme values and built with the results from a trend indicator for discovering short-term overbought or oversold conditions. As the value of the oscillator approaches the upper extreme value, the asset is deemed to be overbought, and as it approaches the lower extreme, it is deemed to be oversold.
Oscillators are most advantageous when a clear trend cannot be easily seen in a company’s stock such as when it trades horizontally or sideways, and the most common oscillators are the stochastic oscillator, RSI

The purpose of an oscillators is to measure on a percentage scale from 0 to 100, where the closing price is relative to the total price range for a specified number of bars in a given bar chart. This is achieved through various techniques of manipulating and smoothing out multiple moving averages. When the market is trading in a range, the oscillator will follow the price fluctuations and indicate an overbought condition when it exceed 70 to 80 percent of the specified total price range, signifying a sell opportunity. An oversold condition exists when the oscillator falls below 30 to 20 percent, signifying a ‘buy’ opportunity

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Categories
Forex

Fundamental Analysis vs Technical Analysis

Fundamental Analysis

is the evaluating of a market to measure its actual value, by examining related financial, political and other economic factors. Fundamental analysis studies anything that can affect the markets value. The end goal of it is to produce a point of view that an investor can use in the decision making process.

for example in cryptocurrency — fundamental analysis determines the health and performance of an underlying currency/coin by looking at key numbers and economic indicators, such as adoption rate. The purpose is to identify fundamentally strong indications at the projected growth/decline and usage in order to gauge a sense of potential direction in value. Investors go long on the Crypto’s that are strong, and short the Crypto’s that are weak.

Fundamental analysis uses real, public data in the evaluation. Although most analysts use fundamental analysis to value stocks, this method of analysis can be used for just about any type of financial market.

Technical Analysis

is the forecasting of future price movements based on an analysis and examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is likely to happen to prices over time, based on the potential of history repeating itself, or the use of self-fulfilling prophecies. Technical analysis uses a wide variety of charts that show price over time.

Technical analysis is applicable to Cryptocurrency, Forex, commodities, stocks or any tradable instrument where the price is influenced by the forces of supply and demand. Price refers to any combination of the open, high, low, close, volume, or open interest for a given market over a specific timeframe. The timeframe can be based on intraday (1-minute, 5-minutes, 10-minutes, 15-minutes, 30-minutes or hourly), daily, weekly or monthly price data and last a few hours or many years.

Generally
In my opinion, technical analysis is more useful than fundamental analysis and deserves more focus, but the two should be combined

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Forex

Buying and Selling the Market

what we mean by Buying the market. A candlestick shows the same thing as an OHLC bar but there is just a rectangular box drawn out between the open and close and I’m sure you will agree that it’s a lot more visually pleasing to look at when comparing the two.
when we buy, we don’t just buy for the duration of one bar only, we might end up holding a trade over a couple of bars. If the market has been moving upwards over a period of time, then that means (on average) there have been more bars closing higher than where they initially open. When you make a buying decision, you are speculating that the market will continue to move upwards from your entry level to your Take Profit level (where you will exit the trade with a profit). However, if the market had to move downward for long enough and reach your Stop
Loss level then your trade will close in a loss
the same concept defines the nature of selling in the market just visa versa. If the market has been moving downward over a period of time that would mean there has been a collection of bars that have closed lower than where they initially opened. When you make a selling decision, you would be doing so based on a speculative view that they market is going to continue moving down between your entry level and lower towards your Take Profit level where you would exit the trade in profit. Once again, if the inverse had to occur and the market moved upwards instead and had to reach your Stop Loss level then you would lose the trade

Categories
Forex

Fundamental Analysis

  • Fundamental analysis is generally the practice of evaluating the value of an asset and analysing the factors that could influence its price in the future. The factors are what really matters because that’s what actually defines this methodology so lets have a look at some of the factors.
  • Certain events like a counties increase in the unemployment rates or a country’s economy and monetary policy statements affect the level of demand for its currency.
  • If a country’s current or future economic outlook is good, their currency should strengthen and that’s where this concept would be derived from.
  • The better shape a country’s economy is, the more foreign businesses and investors will invest in that country.
  • Company reports Are taken into consideration by investors who have interest in purchasing an amount of stock in a business. Because the value of the investor’s shares will only increase if the underlying value of the shares increase, one must be confident in the company’s potential growth and this is certainly something that a companies report can paint a clear picture on.
  • Media Influences! Whether or not you read the newspaper, watch the news on television, follow news of social media or listen to news on the radio im sure at some point in time you have been exposed to news that was representative of true coverage and/or news reports that were blatantly manipulative of the facts. The news can influence trading and investing decisions to a significant degree.
  • When using the media as a source of data and information one needs to be sure of the source’s reliability.
  • Environmental Influences are the major influences to the supply and demand of (but not limited to) agricultural commodities. If a country experiences drought there are countless ways that would affect production. We would mainly see the rise in prices of fruit, vegetables and grains from a country that is generally rich in production of these
  • commodities if it had to go through a drought which also inevitably affects trading decisions and market conditions for the commodity.
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