Factset: How You can Invest in Hedge Funds’ Biggest Investment Tl;dr FactSet is the most undervalued widespread SaaS/IT solution stock that exists If any of you have relevant experience or are friends with people in Investment Banking/other high finance, you know that Factset is the lifeblood of their financial analysis toolkit if and when it’s not Bloomberg, which isn’t even publicly traded. Factset has been around since 1978 and it’s considered a staple like Bloomberg in many wealth management firms, and it offers some of the easiest to access and understandable financial data so many newer firms focused less on trading are switching to Factset because it has a lot of the same data Bloomberg offers for half the cost. When it comes to modern financial data, Factset outcompetes Reuters and arguably Bloomberg as well due to their API services which makes Factset much more preferable for quantitative divisions of banks/hedge funds as API integration with Python/R is the most important factor for vast data lakes of financial data, this suggests Factset will be much more prepared for programming making its way into traditional finance fields. According to Factset, their mission for data delivery is to: “Integrate the data you need with your applications, web portals, and statistical packages. Whether you need market, company, or alternative data, FactSet flexible data delivery services give you normalized data through APIs and a direct delivery of local copies of standard data feeds. Our unique symbology links and aggregates a variety of content sources to ensure consistency, transparency, and data integrity across your business. Build financial models and power customized applications with FactSet APIs in our developer portal”. Their technical focus for their data delivery system alone should make it stand out compared to Bloomberg, whose UI is far more outdated and complex on top of not being as technically developed as Factset’s. Factset is the key provider of buy-side portfolio analysis for IBs, Hedge funds, and Private Equity firms, and it’s making its way into non-quantitative hedge funds as well because quantitative portfolio management makes automation of risk management and the application of portfolio theory so much easier, and to top it off, Factset’s scenario analysis and simulation is unique in its class. Factset also is able to automate trades based on individual manager risk tolerance and ML optimization for Forex trading as well. Not only does Factset provide solutions for financial companies, they are branching out to all corporations now and providing quantitative analytics for them in the areas of “corporate development, M&A, strategy, treasury, financial planning and analysis, and investor relations workflows”. Factset will eventually in my opinion reach out to Insurance Risk Management a lot more in the future as that’s a huge industry which has yet to see much automation of risk management yet, and with the field wide open, Factset will be the first to take advantage without a shadow of a doubt. So let’s dig into the company’s financials now: Their latest 8k filing reported the following: Revenue increased 2.6%, or $9.6 million, to $374.1 million compared with $364.5 million for the same period in fiscal 2019. The increase is primarily due to higher sales of analytics, content and technology solutions (CTS) and wealth management solutions. Annual Subscription Value (ASV) plus professional services was $1.52 billion at May 31, 2020, compared with $1.45 billion at May 31, 2019. The organic growth rate, which excludes the effects of acquisitions, dispositions, and foreign currency movements, was 5.0%. The primary contributors to this growth rate were higher sales in FactSet's wealth and research workflow solutions and a price increase in the Company's international region Adjusted operating margin improved to 35.5% compared with 34.0% in the prior year period primarily as a result of reduced employee-related operating expenses due to the coronavirus pandemic. Diluted earnings per share (EPS) increased 11.0% to $2.63 compared with $2.37 for the same period in fiscal 2019. Adjusted diluted EPS rose 9.2% to $2.86 compared with $2.62 in the prior year period primarily driven by an improvement in operating results. The Company’s effective tax rate for the third quarter decreased to 15.0% compared with 18.6% a year ago, primarily due to an income tax expense in the prior year related to finalizing the Company's tax returns with no similar event for the three months ended May 31, 2020. FactSet increased its quarterly dividend by $0.05 per share or 7% to $0.77 marking the fifteenth consecutive year the Company has increased dividends, highlighting its continued commitment to returning value to shareholders. As you can see, there’s not much of a negative sign in sight here. It makes sense considering how FactSet’s FCF has never slowed down: https://preview.redd.it/frmtdk8e9hk51.png?width=276&format=png&auto=webp&s=1c0ff12539e0b2f9dbfda13d0565c5ce2b6f8f1a https://preview.redd.it/6axdb6lh9hk51.png?width=593&format=png&auto=webp&s=9af1673272a5a2d8df28f60f4707e948a00e5ff1 FactSet’s annual subscriptions and professional services have made its way to foreign and developing markets, and many of them are opting for FactSet’s cheaper services to reduce costs and still get copious amounts of data and models to work with. Here’s what FactSet had to say regarding its competitive position within the market of providing financial data in its last 10k: “Despite competing products and services, we enjoy high barriers to entry and believe it would be difficult for another vendor to quickly replicate the extensive databases we currently offer. Through our in-depth analytics and client service, we believe we can offer clients a more comprehensive solution with one of the broadest sets of functionalities, through a desktop or mobile user interface or through a standardized or bespoke data feed.” And FactSet is confident that their ML services cannot be replaced by anybody else in the industry either: “In addition, our applications, including our client support and service offerings, are entrenched in the workflow of many financial professionals given the downloading functions and portfolio analysis/screening capabilities offered. We are entrusted with significant amounts of our clients' own proprietary data, including portfolio holdings. As a result, our products have become central to our clients’ investment analysis and decision-making.” (https://last10k.com/sec-filings/fds#link_fullReport), if you read the full report and compare it to the most recent 8K, you’ll find that the real expenses this quarter were far lower than expected by the last 10k as there was a lower than expected tax rate and a 3% increase in expected operating margin from the expected figure as well. The company also reports a 90% customer retention rate over 15 years, so you know that they’re not lying when they say the clients need them for all sorts of financial data whether it’s for M&A or wealth management and Equity analysis: https://www.investopedia.com/terms/f/factset.asp https://preview.redd.it/yo71y6qj9hk51.png?width=355&format=png&auto=webp&s=a9414bdaa03c06114ca052304a26fae2773c3e45 FactSet also has remarkably good cash conversion considering it’s a subscription based company, a company structure which usually takes on too much leverage. Speaking of leverage, FDS had taken on a lot of leverage in 2015: https://preview.redd.it/oxaa1wel9hk51.png?width=443&format=png&auto=webp&s=13d60d2518980360c403364f7150392ab83d07d7 So what’s that about? Why were FactSet’s long term debts at 0 and all of a sudden why’d the spike up? Well usually for a company that’s non-cyclical and has a well-established product (like FactSet) leverage can actually be good at amplifying returns, so FDS used this to their advantage and this was able to help the share’s price during 2015. Also, as you can see debt/ebitda is beginning a rapid decline anyway. This only adds to my theory that FactSet is trying to expand into new playing fields. FactSet obviously didn’t need the leverage to cover their normal costs, because they have always had consistently growing margins and revenue so the debt financing was only for the sake of financing growth. And this debt can be considered covered and paid off, considering the net income growth of 32% between 2018 and 2019 alone and the EPS growth of 33% https://preview.redd.it/e4trju3p9hk51.png?width=387&format=png&auto=webp&s=6f6bee15f836c47e73121054ec60459f147d353e EBITDA has virtually been exponential for FactSet for a while because of the bang-for-buck for their well-known product, but now as FactSet ventures into algorithmic trading and corporate development the scope for growth is broadly expanded. https://preview.redd.it/yl7f58tr9hk51.png?width=489&format=png&auto=webp&s=68906b9ecbcf6d886393c4ff40f81bdecab9e9fd P/E has declined in the past 2 years, making it a great time to buy. https://preview.redd.it/4mqw3t4t9hk51.png?width=445&format=png&auto=webp&s=e8d719f4913883b044c4150f11b8732e14797b6d Increasing ROE despite lowering of leverage post 2016 https://preview.redd.it/lt34avzu9hk51.png?width=441&format=png&auto=webp&s=f3742ed87cd1c2ccb7a3d3ee71ae8c7007313b2b Mountains of cash have been piling up in the coffers increasing chances of increased dividends for shareholders (imo dividend is too low right now, but increasing it will tempt more investors into it), and on top of that in the last 10k a large buyback expansion program was implemented for $210m worth of shares, which shows how confident they are in the company itself. https://preview.redd.it/fliirmpx9hk51.png?width=370&format=png&auto=webp&s=1216eddeadb4f84c8f4f48692a2f962ba2f1e848 SGA expense/Gross profit has been declining despite expansion of offices I’m a bit concerned about the skin in the game leadership has in this company, since very few executives/board members have significant holdings in the company, but the CEO himself is a FactSet veteran, and knows his way around the company. On top of that, Bloomberg remains king for trading and the fixed income security market, and Reuters beats out FactSet here as well. If FactSet really wants to increase cash flow sources, the expansion into insurance and corp dev has to be successful. Summary: FactSet has a lot of growth still left in its industry which is already fast-growing in and of itself, and it only has more potential at its current valuation. Earnings September 24th should be a massive beat due to investment banking demand and growth plus Hedge fund requirements for data and portfolio management hasn’t gone anywhere and has likely increased due to more market opportunities to buy-in. Calls have shitty greeks, but if you're ballsy October 450s LOL, I'm holding shares I’d say it’s a great long term investment, and it should at least be on your watchlist.
I've been thinking a lot about my own trading and have come to some harsh conclusions. It's time we discuss some hard truths about technical analysis, mechanical trading, and psychology I think many of us don't want to accept.
I've had a rough week and it sounds like I'm not the only one. This week has wiped out my gains since July 1st, and I'm finding myself ever-so-slightly in the hole this month so far. I've made money every other month I've traded, so I'm not writing myself off as a failure, but nevertheless, I've done some digging to try and figure out what I'm struggling with. I hope the following observations about my own trading resonate with some of you and can help us all become better traders. First off: Fundamental/technical analysis. Since I started with forex a few years ago, I've put 100% of my time and effort into studying technicals. I think many traders, myself included, are drawn to technical analysis because we fall into the trap of thinking "If I just figure out what combination of indicators/chart patterns/algorithms work for me, trading will be smooth sailing." Being able to take a formulaic approach is incredibly appealing because it's much easier to simply check off a list of criteria than it is to interpret more nuanced information. For me, I found success drawing supply and demand zones, using Bollinger Bands to visualize market structure, and confirming reversal patterns with stochastics to trade from one zone to the next. I even studied the math behind those indicators to make sure I fully understood how they worked so I could identify their limitations, and for the most part, the strategy made money. Nevertheless, if I had a dollar for every time I take what I think is a perfect setup, then the market takes me on a wacky-ass ride of unexpected "crazy bullshit" that stops me out, I wouldn't be trading for a living. After some introspection, my conclusion is that those moments are not "crazy bullshit", but rather are the results of factors that fall outside of the (actually very narrow) scope of technical analysis. This has been hard to accept, as I previously learned technical analysis was perfectly viable as a sole perspective. I was taught that the market can be predicted based on analyzing past behavior. It seems obvious now, but when I think about it, no combination of chart patterns or indicators can predict next week's unemployment figures, interest rates, or what announcements (or blunders) world leaders are going to make on the global stage. Technicals work, but they only work when the market is reacting to fundamental factors, and as soon as a new fundamental change comes along, every bit of technical analysis used until that point becomes obsolete. What I'm trying to say is, at the very least, I need to be able to understand when, why, and how the game is going to change if my technicals are going to serve me. As such, I need to stop shirking fundamental analysis. It's time I start paying attention to that economic calendar and put in the effort to learn what each event means and how to interpret the results to figure out how the market will react. It's simply not as easy as looking at the technicals. It should be obvious that there's no magic formula to trading, but many of us try hard to avoid coming to terms with the fact that there's a lot more to "analysis" than just price action, risk management, and indicators. The problem is we as traders want trading to be easy. It's a career that society glorifies, and even if we tell ourselves we know it's not a get-rich-quick scheme, we still want to "figure it out" so we can spend a few hours a week scribbling on our charts and making simple black and white decisions while we kick back and "live comfortably". And so we try to trick ourselves into thinking it is easy by endlessly parroting mantras like "Risk management is all that matters" and "Trading is 100% psychology" and "All you need to do is find the strategy that works for you and stick to it." The first two are certainly pieces of the puzzle, but there's so much more to the big picture. The last mantra isn't even remotely true, and brings me to my second point, which thankfully is something I figured out early in my career, but it's too related to the previous topic to not mention: Mechanical strategies. The sentiment that you need to clearly define a precise, detailed strategy and always stick to it is another lie to make trading seem simpler than it really is. Even when I was just starting to demo trade, I was finding trades that would tick all the boxes outlined by my strategy, but my gut would hesitate. Long after I identified that problem, I also began to notice that I'd be forcing myself to hold onto trades, even if they were not moving as fast or far as I initially thought they would. Once I decided to leave room for my own instinct and discretion, I became much more successful. It's important to understand your strategy is a set of rules you yourself made up. If your strategy does not line up with your own professional opinion of the situation based on your personal experiences and observations, you need to find out why. Yes, you absolutely should draw on your past experiences and be consistent in how you examine the market, how much you risk, and what tools you use, but give yourself enough credit to form your own opinions. The market is not consistent. Do not expect to succeed by applying one cookie-cutter set of rules to different currencies, at different times, during different events. Long-term success in any other line of work is dependent on critical thinking and the ability to adapt to an ever-changing world, and forex is no different. It's not simple, it's not easy, and you will have to make difficult decisions. This wound up being longer than I anticipated, so thanks for reading. I'm eager to hear everyone's thoughts on these topics, so please share them.
Factset: How You can Invest in Hedge Funds’ Biggest Investment Tl;dr FactSet is the most undervalued widespread SaaS/IT solution stock that exists If any of you have relevant experience or are friends with people in Investment Banking/other high finance, you know that Factset is the lifeblood of their financial analysis toolkit if and when it’s not Bloomberg, which isn’t even publicly traded. Factset has been around since 1978 and it’s considered a staple like Bloomberg in many wealth management firms, and it offers some of the easiest to access and understandable financial data so many newer firms focused less on trading are switching to Factset because it has a lot of the same data Bloomberg offers for half the cost. When it comes to modern financial data, Factset outcompetes Reuters and arguably Bloomberg as well due to their API services which makes Factset much more preferable for quantitative divisions of banks/hedge funds as API integration with Python/R is the most important factor for vast data lakes of financial data, this suggests Factset will be much more prepared for programming making its way into traditional finance fields. According to Factset, their mission for data delivery is to: “Integrate the data you need with your applications, web portals, and statistical packages. Whether you need market, company, or alternative data, FactSet flexible data delivery services give you normalized data through APIs and a direct delivery of local copies of standard data feeds. Our unique symbology links and aggregates a variety of content sources to ensure consistency, transparency, and data integrity across your business. Build financial models and power customized applications with FactSet APIs in our developer portal”. Their technical focus for their data delivery system alone should make it stand out compared to Bloomberg, whose UI is far more outdated and complex on top of not being as technically developed as Factset’s. Factset is the key provider of buy-side portfolio analysis for IBs, Hedge funds, and Private Equity firms, and it’s making its way into non-quantitative hedge funds as well because quantitative portfolio management makes automation of risk management and the application of portfolio theory so much easier, and to top it off, Factset’s scenario analysis and simulation is unique in its class. Factset also is able to automate trades based on individual manager risk tolerance and ML optimization for Forex trading as well. Not only does Factset provide solutions for financial companies, they are branching out to all corporations now and providing quantitative analytics for them in the areas of “corporate development, M&A, strategy, treasury, financial planning and analysis, and investor relations workflows”. Factset will eventually in my opinion reach out to Insurance Risk Management a lot more in the future as that’s a huge industry which has yet to see much automation of risk management yet, and with the field wide open, Factset will be the first to take advantage without a shadow of a doubt. So let’s dig into the company’s financials now: Their latest 8k filing reported the following: Revenue increased 2.6%, or $9.6 million, to $374.1 million compared with $364.5 million for the same period in fiscal 2019. The increase is primarily due to higher sales of analytics, content and technology solutions (CTS) and wealth management solutions. Annual Subscription Value (ASV) plus professional services was $1.52 billion at May 31, 2020, compared with $1.45 billion at May 31, 2019. The organic growth rate, which excludes the effects of acquisitions, dispositions, and foreign currency movements, was 5.0%. The primary contributors to this growth rate were higher sales in FactSet's wealth and research workflow solutions and a price increase in the Company's international region Adjusted operating margin improved to 35.5% compared with 34.0% in the prior year period primarily as a result of reduced employee-related operating expenses due to the coronavirus pandemic. Diluted earnings per share (EPS) increased 11.0% to $2.63 compared with $2.37 for the same period in fiscal 2019. Adjusted diluted EPS rose 9.2% to $2.86 compared with $2.62 in the prior year period primarily driven by an improvement in operating results. The Company’s effective tax rate for the third quarter decreased to 15.0% compared with 18.6% a year ago, primarily due to an income tax expense in the prior year related to finalizing the Company's tax returns with no similar event for the three months ended May 31, 2020. FactSet increased its quarterly dividend by $0.05 per share or 7% to $0.77 marking the fifteenth consecutive year the Company has increased dividends, highlighting its continued commitment to returning value to shareholders. As you can see, there’s not much of a negative sign in sight here. It makes sense considering how FactSet’s FCF has never slowed down FactSet’s annual subscriptions and professional services have made its way to foreign and developing markets, and many of them are opting for FactSet’s cheaper services to reduce costs and still get copious amounts of data and models to work with. Here’s what FactSet had to say regarding its competitive position within the market of providing financial data in its last 10k: “Despite competing products and services, we enjoy high barriers to entry and believe it would be difficult for another vendor to quickly replicate the extensive databases we currently offer. Through our in-depth analytics and client service, we believe we can offer clients a more comprehensive solution with one of the broadest sets of functionalities, through a desktop or mobile user interface or through a standardized or bespoke data feed.” And FactSet is confident that their ML services cannot be replaced by anybody else in the industry either: “In addition, our applications, including our client support and service offerings, are entrenched in the workflow of many financial professionals given the downloading functions and portfolio analysis/screening capabilities offered. We are entrusted with significant amounts of our clients' own proprietary data, including portfolio holdings. As a result, our products have become central to our clients’ investment analysis and decision-making.” (https://last10k.com/sec-filings/fds#link_fullReport), if you read the full report and compare it to the most recent 8K, you’ll find that the real expenses this quarter were far lower than expected by the last 10k as there was a lower than expected tax rate and a 3% increase in expected operating margin from the expected figure as well. The company also reports a 90% customer retention rate over 15 years, so you know that they’re not lying when they say the clients need them for all sorts of financial data whether it’s for M&A or wealth management and Equity analysis: https://www.investopedia.com/terms/f/factset.asp FactSet also has remarkably good cash conversion considering it’s a subscription based company, a company structure which usually takes on too much leverage. Speaking of leverage, FDS had taken on a lot of leverage in 2015: So what’s that about? Why were FactSet’s long term debts at 0 and all of a sudden why’d the spike up? Well usually for a company that’s non-cyclical and has a well-established product (like FactSet) leverage can actually be good at amplifying returns, so FDS used this to their advantage and this was able to help the share’s price during 2015. Also, as you can see debt/ebitda is beginning a rapid decline anyway. This only adds to my theory that FactSet is trying to expand into new playing fields. FactSet obviously didn’t need the leverage to cover their normal costs, because they have always had consistently growing margins and revenue so the debt financing was only for the sake of financing growth. And this debt can be considered covered and paid off, considering the net income growth of 32% between 2018 and 2019 alone and the EPS growth of 33% EBITDA has virtually been exponential for FactSet for a while because of the bang-for-buck for their well-known product, but now as FactSet ventures into algorithmic trading and corporate development the scope for growth is broadly expanded. P/E has declined in the past 2 years, making it a great time to buy. Increasing ROE despite lowering of leverage post 2016 Mountains of cash have been piling up in the coffers increasing chances of increased dividends for shareholders (imo dividend is too low right now, but increasing it will tempt more investors into it), and on top of that in the last 10k a large buyback expansion program was implemented for $210m worth of shares, which shows how confident they are in the company itself. SGA expense/Gross profit has been declining despite expansion of offices I’m a bit concerned about the skin in the game leadership has in this company, since very few executives/board members have significant holdings in the company, but the CEO himself is a FactSet veteran, and knows his way around the company. On top of that, Bloomberg remains king for trading and the fixed income security market, and Reuters beats out FactSet here as well. If FactSet really wants to increase cash flow sources, the expansion into insurance and corp dev has to be successful. Summary: FactSet has a lot of growth still left in its industry which is already fast-growing in and of itself, and it only has more potential at its current valuation. Earnings September 24th should be a massive beat due to investment banking demand and growth plus Hedge fund requirements for data and portfolio management hasn’t gone anywhere and has likely increased due to more market opportunities to buy-in.
What brings Bitorex Reviews for beginners and experience traders
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Deciding if I should pursue a career in forex trading (as a 15 year old)
Hey everyone, I’m a teenager living in the uk and in the past 9 months or so I’ve been trying to decide what I want to do once I leave school. Long story short I have lots of interests but my ultimate goal in life is to travel the world and gain ‘financial freedom’. I know this sounds very typical of a teenager which has been exposed to gurus or whatever but I want some opinions off some professional or experienced traders not these gurus trying to sell me something. I would just like to know if forex trading is a career where you can be very successful and I will start learning as soon as I can, I’ve learnt all the basics but I want to keep learning more about it so I’m ready to trade real money when I’m 18. I really hope I don’t come across as just some idiot who thinks it’s a get rich quick scheme because I certainly know it’s not. I would really appreciate any advice and comments if anyone sees this, Thank you
The rough guide to the Islamic Investment world (in South Africa)
So this is my rough guide to Islamic investments within the South African Universe (it can apply globally, except my examples is all South African based). Hope it is informative and encourages halal investing. Suggestions welcome
Section 1: Investment Universe
Islamic Bank fixed deposits
About: Invest your money for a fixed period (1 month up to 5 years). Get profit when period is completed Pros: Reliable profit , Low financial risk, low Islamic risk : covered by a board of Shariah scholars Cons: Low profit rates.
FNB Islamic Fixed deposit.
Absa Islamic Fixed deposit
Standard Bank Islamic Fixed deposit
About: Collective investment - managed by investment company, protected by SA law, typically invests in equities, sukuks and property Pros: Plenty of choice, Provided by registered Financial Service Providers, Sharia Boards , diversification Cons: Typically High fees, .
Old Mutual Albarakah equity fund
Oasis Cresent Equity Fund
Kagiso Islamic Equity Fund
Many options: only a few examples listed.
About: Collective investment Pros: low fees, Provided by registered Financial Service Providers, Sharia Boards , diversification Cons: only one option in SA, heavily weighted on Resources
NewFunds Sharia top 40 ETF
About: Pick your own stocks off the exchange Pros: High profit potential, Cons: Very Risky, No Islamic oversight (hence need to do your own screening)
Platform: Easy Equities (low fees platform available in SA. NO Leverage/Margin, Remember to buy/sell whole shares only).
Lazy guide to choosing "Sharia stocks" : Get the constituents of islamic unit trusts, invest in those.
NB: Remember to do dividends purification
About: Tried and test property Pros: Stable Asset, Tangible, Straightforward, Zakah benefits, Cons: High capital outlay, expensive legal costs (transfebond registration) , Not very liquid,
Banks for islamic loans:
FNB (Islamic bond)
paid on rental income , not on property value (if intention is to invest)
paid on property value: if intention is to sell property in near term (refurbish/fix and sell, etc).
Interest is Haram. No two ways about it. Luckily we have two banks that can provide Islamic loans (or at least as close as possible)
Custom Wealth Solutions
About: Customized Wealth management and investments Pros: Professional advice, custom solution Cons: Available exclusively to high net worth individuals, Investment advise appears to be fee based
Side note - I do not have any experience/knowledge. Would be great to hear if anyone has any experience here.
Banks such as FNB provide Islamic Private banking, with financial advisors (but they tend to push unit trusts, endowment policies, etc).
Section 2: Definitely not halal
Margin based investing: Margin = interest = haram. Also very risky
Futures contracts: Shorting, going long, all CFD's and futures contracts are impermissible. Because a condition for a halal investment is that the underlying asset must be owned
Forex: Or at least forex based on CFD's and margins. Buying dollars to travel should be perfectly fine.
Stocks/Equities that primarily deal in haram activities: Gambling, pork, etc
Section 3: Grey Areas
Crypto ( Bitcoin ,etc) : In theory these should be more "halal" than fiat currency (what all money in the world is) however there are differences of opinion.
Shares : There are grey areas : Most companies has an element of haram income (interest, etc). Scholars have devised ratios to to filter out "islamic stocks" from haram stocks (30-33% max debt, max 5% haram income, liquid ratios, etc). It is for this reason these stocks requires dividend purification.
However you should be aware of this before venturing into to stocks as you might not be comfortable with that thought (This also affects EFTs, Unit trusts, etc). 3 Easy Equities: Easy equities makes it cheap and easy to own equities. However I would at all times buy/sell only whole shares and not fractional shares. Fractional shares are done as a CFD (a bit different from a forex CFD). You get all the benefits of ownership such as dividends and capital gains on a pro rate basis. But you do not actually own the CFD until you buy enough CFD to get a real whole share. That being said, it is still grey, best to avoid fractional shares entirely 4. Halal Forex Accounts: Somehow these are marketed that way. Here's a link to (Islamic Finance Guru) who has a bit more knowledge on this. (Note: I am not affiliated in any way or get any benefit)
Section 4: Conclusion
I sincerely hope this helps , and encourages to invest in the Islamic world. Any ideas, inputs and suggestions welcome. Disclaimer 1 : Corrections welcome, I am not a learned scholar, this is not financial advice, you bear the responsibility & consequences of your own decisions/investments Disclaimer 2 : At some point FNB Sharia board quit , they subsequently hired a new board. They don't however make it easy to find who is in the board from their website. However the information can be found in news websites.
How To Make Sure That Every Trade Is A Successful One In The Forex Market
Many people think that the Forex market is simply too high risk to enter. It is important to note, however, that whenever risk is incredibly high, the ability to glean massive profits is high also. It is a market that is well worth investing in. Following are several was to ensure that all your trades produce phenomenal gains. Make sure that you know what you're doing before risking any money. This is a bit more complex than simply choosing currency pairs at random. You have to know how to determine which direction each currency is likely to move in and whether it's likely to gain or lose value. This is what makes these efforts so challenging. Without knowledge and the ability to read into currency trends, you will be basically gambling and relying solely on guesswork and luck. Identify informational sources that you can count on and use these to start making predictions about currency outcomes and directions. These could be news outlets or signals. There are also forums, investment advisors and many other professionals who can contribute helpful ideas and opinions.
Hi guys, I have been researching books focused on price action trading in order for me to improve my ability to scalp the E-mini S&P 500 Futures and possibly other futures later on. It seems like there isn't any good books about futures price action out there. Therefore, I have mainly looked into price action trading in general, as well as forex price action trading. Have narrowed down my list to following books: Bob Volman - Forex Price Action Scalping an in-depth look into the field of professional scalping. Al Brooks - Trading Price Action Trends - Technical Analysis of Price Charts Bar by Bar for the Serious Trader Bob Volman - Understanding Price Action - Practical Analysis of the 5-minute time frame I have chosen those 3 because they are supposably going really in-depth on the price action and all link the theory to fairly practical strategies, which reviewers state, can be applied to the market. Any opinions on these books or suggestions for other books? Am not sure if my plan on looking into Forex price action books for futures trading was a good idea at all. Looking forward to hearing from you :)
Crypto trading is the full-time work of many people around the globe. Many people migrating from forex and stock trading to crypto trading because of its high return of investment. So for this increasing number of traffic, we need many platforms where they can trade with high efficiency and easily. Nowadays news even pro traders are facing many difficulties when they are using an exchange platform. Sometimes new traders get lost in this big mess and can't decide what to do first. Because of their lack of knowledge, they lose their morale. Good traders always build up their strategy and make a solid plan for their goals. They have the plan to enter and exit a trade in certain conditions but that is too complicated for new traders. Extons is the platform that can help in this demand. Extons can help you to concentrate on planning out your goal and execute them systematically. Trade with Extons for more. Efficient: With the most userfriendly UI and clean interface Extons can be used with much more efficiency than any other crypto exchange platform. A simple plan can be more effective than an over-analyzed and complicated plan. Extons helps their user to create a simple plan for trading and execute it effectively so that they can always be on the profitable side. https://preview.redd.it/ozky4s9hxkj51.jpg?width=843&format=pjpg&auto=webp&s=925bd8d24e9d696840430e3f73d5e0313ace8020 Flexible: This platform is for ambitious investors. Extons will provide investors opportunities to finance any project they have. Users will be given a wide variety of trading features and tools to do execute and manage their trade. All these tools will help to leverage their assets to their full potential. https://preview.redd.it/6u49vz7ixkj51.jpg?width=960&format=pjpg&auto=webp&s=7212aaea1942ebd77b96eb6a97d4fef4c9530b53 Variety: Extons exchange platform is now officially available and runs for business. More than 30 cryptocurrency pair is available for traders and more will be added in the future to give users the full potential of the crypto market. Extons is a product of the Thisoption ecosystem and willing to list new quality crypto coins around the world so that their users can get a variety of trading services. https://preview.redd.it/glgkenbjxkj51.jpg?width=843&format=pjpg&auto=webp&s=7b4f7ba3ee552455ec174770fa23fda2dafde4fa Stable: This platform is developed and built by a bunch of professional developers who is experts in their job. This platform can handle many transactions every second without any delay. It's fast a stable connection will give traders the best trading experience. Safe: This option is a well-known company and it has millions of traders already. Every day more people joining the platform. For this wide range of users, multiple security levels have taken to protect their funds. They employ a Multitude of the process of verifying including 2-step authentication. This is a well known and one of the best tools to prevent any 3rd party access without users knowing. https://preview.redd.it/yd90vt9kxkj51.jpg?width=843&format=pjpg&auto=webp&s=b35f804e47df8d884931a60bb25601b0dfc6c8b1 Why new project should choose Extons It's very challenging to raise funds for a new project when there are already a lot of them running in the market. Thats why Extons can be the best place to find support and raise funding for your project on a global scale. One os the goal of the platform is to provide investors and business enthusiasts the best and most suitable solution when their business just getting started and need funding. https://preview.redd.it/xpjym0jlxkj51.jpg?width=843&format=pjpg&auto=webp&s=a10834c809a2866a5771994949028fe00f3e9b4c A wide range of traders will bring more liquidity to the platform and make it a money machine. Conclusion: Many people have different choices and opinions about different exchange platforms. It's very common that there will be haters for even the best project. I don't want to say its the best project for now but it has the potential and ability to be one of the best cryptocurrency exchange platforms of all time.
Trading equities/derivatives/FOREX, or anything else successfully can involve financial knowledge, statistics, business sense, legal knowledge, data science, programming and more. As someone who is interested in obtaining a formal education that could be applicable to trading, what are your opinions on most useful degrees/majors/minors/grad level/etc.? Or, other educational/professional routes? Thanks in advance.
Can you help me to identify a good career to support myself whilst I commit my youth to training to attempt to become a professional boxer?
I realise this is a really long post, there is a TL, DR at the bottom for those that are not interested in the details of my life.
So firstly, some context about me - if you're interested:
Disclaimer: I'm really sorry if I sound incredibly arrogant here, but the truth is I can't be as 'intelligent' as I think I am if I have made as many mistakes as I have in my past to end up where I currently am - just take it as though I’m selling myself for a job interview. I would consider myself to be the absolute definition of a neurodiverse generalist-specialist - in fact when I was 16 (I'm currently 20) my psychology teacher would always refer to me as the "master of all trades" (and despite as flattering as that was, there was obviously an element of hyperbole there). I am fairly autonomous; however, I am also a neophile (and my theory is that this element of myself is the biggest reason for why I am the way that I am). I am either incredibly hyper focused or completely distracted - however I have been working on developing an element of moderation to these two extremes of my character. Just to clarify though, I don't consider myself 'good at everything' - I'm actually usually the WORST at a lot of things when I first begin, and in all honesty the only thing a lot of people I know would say I'm genuinely naturally 'good at' is learning (which I really, really have come to appreciate over the years) - but I wouldn't say I have any 'innate talents' or any 'elite endowments'. For example: I'm not the best at Maths, I don't have a gift for music, I can't speak multiple languages, and I'm not the fastest or the strongest - BUT, despite whatever disadvantages I have, I have always had the supreme confidence that if I really try, and if I really dedicate myself I can reach the top ~5% of most things. In other words, I can at least do the things that don't require talent that will close the gap between myself and those at the most elite level of a particular discipline. I know this isn't unique to me, however it is something that I have had a good comprehension of since I was very young. However, the super-power I discovered is this: if I can reach the top ~5% of most disciplines, then I have the LARGEST advantage in the most multi-disciplinary subjects. The more versatility, variety, and integration a subject requires - the higher and higher I have noticed my potential to be within it (and I will relate this to boxing soon). To vaguely illustrate the point, I spend A LOT of time researching very high level multi-disciplinary subjects such as Bio-Chemistry and Physiology; Neuroscience and its connections to computation, reality, consciousness, and the practical applications of novel cognitive and neural strategies in sports and the acquisition of new 'abilities/skill'; Data science, artificial intelligence, human history, neurobiology, and systems engineering and how they could shape a society better fit for humans, their needs, desires, and purpose etc. etc. etc. I have been employed since the age of 13 and have grew up in a poor part of inner-city Birmingham, UK, from birth. My parents are 'un-skilled labourers' however have had to care for my disabled brother since before I was born, and their opportunities to progress their material conditions were, and still can be, incredibly limited; for these reasons my parents are unable to give me more support than they already do (I appreciate and love my parents a lot; they give me shelter rent free, and are always supportive of me and my ambitions). I've also always worked 'low-skilled', poor rate of pay jobs that require a lot of time investment in order to change my material circumstances: Hair salon cleaner, Fish and Chip shop, Go-kart track race Marshall, and currently I am an apprentice mechanic (21 months into the 36months required to fully qualify) - I also sold weed for some supplemental income when I was 17/18 but those days are behind me.
The 'problem' though, is this:
Despite my attraction to 'novelty' and my history of what appears to be 'commitment issues' - I've finally settled on a path that I am willing to commit my entire youth towards - but I am unable to support myself financially (and therefore at-all) if I am to make the sacrifices I need to make to be serious about this lifestyle. The main problem is time, and the second is money (go figure!). So essentially, where I'd like to be right now is: spending approximately up to 7 hours a day training (preferably most of that time in the mornings), AND saving enough money to where I have options 5-7 years from now if my efforts unfortunately do not pay off. At this point you can see why I'm having difficulty... I'm pretty sure that it's literally everyone's goal ever to earn enough money to depend on, in a minimal amount of time- however I don't need to earn a lot - just whatever is sustainable for the next 5-7 years... as long as I am able to pay for my abstract needs, with some disposable income I will be happy. THE ONLY OTHER CRITERIA is that it just can't be something monotonous. I'm here because I'd still like to develop a career suited for my skills alongside boxing if possible - but if the best case scenario is that I have to just work a minimum wage job for now, it has to be something that allows me to progress into more meaningful work that is more intellectually stimulating. Basically, a part-time job in a field that I’m interested in, where there is a very real possibility of me attaining more skilled and better paying roles.
What makes all of this complicated (sort of):
Due to a lack of personal responsibility, and a past struggle with depression I dropped out of my tertiary education (the step before getting a degree) before I received any qualifications. I do have a very, very exceptional set of secondary education qualifications - but those are only good for FURTHER education and aren't really beneficial when trying to gain employment - at least if I already had some tertiary education qualification(s) it would open up some doors to a set of slightly higher paying jobs that would (with an assumed degree of flexibility) at least enable me to work less hours and be closer to my ideal situation. I'm slightly adverse to going back into education for now, only because it will reduce the amount of time to generate some capital and train at the same time. I actually really would love to go to University (for something like Physiology with Neuroscience), but I don't want to slow down my current progress in Boxing - as time is of the essence and I will reach my biological prime fairly soon. I am fairly certain that whether my boxing career takes off or not, I will almost certainly end up going to university at a later point in my life, just because I genuinely have an interest in attaining a degree, however, as I already stated, I currently do not possess the qualifications to be accepted into University - and gaining those qualifications would also set me back in my boxing progression further. DESPITE THIS, I would be willing to complete a degree apprenticeship (so long as it’s in a field I'd consider a degree in), because I will be able to save money and sort out my finances from now, and only have to slow down my training for the next 3 years (and in all honesty that's at a push) until I'm able to (hopefully) establish a better work-life balance to, again, attain my ideal situation. At this point, I’m expecting to receive replies that will tell me to continue with my apprenticeship - especially because of the fact that I'm more than halfway through - however I will throw some spanners in the works (lol). I am already on a wage that would just about be in that range where I am able to pay for my abstract needs, with some disposable income (which is actually less than NMW here because it's an apprenticeship) - however I have gotten into debt because for the first year I was on an even lower rate of pay that was just not sustainable to meet my needs and therefore I made the sacrifice to accrue some debt, thinking it would be a worthwhile investment. Furthermore I must (and have been) buy(ing) an adequate collection of tools before my apprenticeship ends to retain employment - and tools are not cheap so this further reduces my take home pay (and will continue to do so for the duration of the apprenticeship). Not only that, but once I finish the apprenticeship, I would not like to continue my 40-hour work week - nor would I choose to stay on with my employer. Despite this, there is good potential to be more autonomous and flexible, and earn quite a lot of money by being a self-employed mechanic - but the amount of money I will have to spend to acquire the tools and facilities required to be a profitable mechanic will take me some time, further delaying my progress in boxing. Furthermore, it would be great if I had the knowledge and experience to be a self-employed mechanic, but attaining the qualification is the sole purpose of the apprenticeship - not becoming a good mechanic; I only work on newer models of a certain brand and therefore my exposure to different configurations of mechanisms, and diagnosis and rectification of different issues is limited also, which will make it difficult to have a large enough volume of potential customers to be worthwhile, unless I spend additional time in a 'backstreet' garage. I did have the thought of applying to a 'backstreet' garage and gaining these experiences and knowledge NOW, so that when I do finish, I could potentially have an easier start becoming self-employed - however I have sacrificed the amount of time that I spent being active before and this is what led me to my previous stage of being deeply depressed, and I do not want to make that same mistake again - athletic development really is my self-designated purpose in life. Disclaimer: Obviously I don’t NEED to train extensive hours every day for my mental health - but I DO need to make sure that I do not reach the age of 30/40 with regret wondering what could have been if I was courageous enough to risk it all- that's literally it. I just won't be able to live with myself if I don't at least do everything I can to try to succeed whilst I still have the opportunity. Once I’m beyond my prime, I can deal with spending my time differently, but I wake up with a sense of urgency towards becoming the most athletically developed as I possibly can every morning. I've thought about doing something like Forex or content creation - but I don’t think it's very smart to invest both my plan A and B in risky 'gig economy' style careers. I've also thought about having a career within boxing - however I don't know of any good opportunities other than competing and I'm scared anything else will kill my passion for my desire to compete also. A possibility that I have just recently began playing with though, is to begin creating an online boxing profile for myself on various social media websites - to share high quality videos of my training and performance in the hopes that I may gain a following that will enable me to gain sponsorship(s) of some sort. The only reason I hadn't done this sooner is because I have only just started to attain a level of skill and ability that I feel is 'rare' - I still have so much to work on, and this is my point, that I have no time to waste. A lot of guys will just throw themselves out there too early but, as some of my greatest idols, I follow the philosophy of Mike Tyson and Cus D’Amato - Amateurs should take their time before they start competing (I am only just about to start competing in amateurs, but coronavirus lol) because we want to dominate, and not compete. I know it may seem silly to be so, so, so focused on Boxing as a career - especially when I am not that 'tried and tested' but I know I can't just give up because I haven't yet proved myself to other people. If you've made it this far, I am incredibly impressed by your ability to focus your attention on someone else's self-absorbed first world problems for this long - and I am incredibly thankful that you continued despite my lack of concision and the horrible formatting of this huge boring wall of text. <3 What would your advise be for me?
I have a good history of low-skill employment; (In my opinion) I'm under-qualified for my level of 'intellectual capability' (through no faults other than my own), and I feel like I am already prepared for a higher-skill job - so long as I was given the opportunity to prove my ability - however I am a choosing beggar in the sense that I am trying to create a great work-life balance despite my large demands as to what constitutes 'life'; despite this I'm willing to live frugally for a while in order to make my dream a reality - but do need some disposable income to pay off some debts I have accrued and also to prepare myself financially just in-case I am unable to make my dream of becoming a professional boxer a reality once all is said and done. Therefore, with these circumstances what do you think is the best course of action to reach my ideal situation of: working part-time for (up to) 30 hours a week to begin building a career that will not feel like a form of mental torture due to the monotony of - and one that has good potential to increase earnings without increasing my commitments to work (mainly time) - something that pays me because of the extra value I can provide (funny how hard this seems - not sure if this says something about me hahaha). I have interests in all the sciences (mainly life science, but the STEM and Natural sciences are good too), public health, using tools (as long as they're not as expensive as a mechanic's hahaha), and anything that allows me to be more autonomous and learn about novel things - or at least contribute to the development of knowledge. The only thing I know is that I DO need to make sure that I do not reach the age of 30/40 with regret wondering what could have been if I was courageous enough to risk it all- that's literally it. I just won't be able to live with myself if I don't at least do everything I can to try to succeed whilst I still have the opportunity. Once I’m beyond my prime, I can deal with spending my time differently, but I wake up with a sense of urgency towards becoming one of the best boxers the world has ever seen. Edit: It's funny how one of the first things I mentioned is that I'm a 'generalist-specialist'... and then this whole post is about spreading myself too thin hahaha.
Trading equities/derivatives/FOREX, or anything else successfully can involve financial knowledge, statistics, business sense, legal knowledge, data science, programming and more. As someone who is interested in obtaining a formal education that could be applicable to trading, what are your opinions on most useful degrees/majors/minors/grad level/etc.? Or, other educational/professional routes? Thanks in advance.
Trading equities/derivatives/FOREX, or anything else successfully can involve financial knowledge, statistics, business sense, legal knowledge, data science, programming and more. As someone who is interested in obtaining a formal education that could be applicable to trading, what are your opinions on most useful degrees/majors/minors/grad level/etc.? Or, other educational/professional routes? Thanks in advance.
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What T4B, RoboForex & other brokers bring to the table + why im still bullish af going forward for GVT
Pretty lengthy reply so thought id reply with a new thread for visibility: @koalaindisguise -> ''Before the project launch, partnership with these forex companies was announced with a big hype. They were not US/UK financial institutions but at least they were companies with legal entities. I was thinking/hoping that we would be able to entrust our tokens to professional brokers working under these companies. In the end, we have to deal with noname finance gurus on the internet who wants to gamble other people's savings with 50% success fee. We are just slowly bleeding out one way or the other. I don't think US adoption will turn the table because of tokenomics.'' Before i start:
You talk about dealing with some noname finance gurus on the internet, and you would quite happily entrust your tokens to a 'professional broker'. This is the problem with the current industry. There is no transparency. You are entrusting your tokens blindly and you have no idea how your funds are actually being managed nor past performance of these brokers. Genesis Vision gives you the freedom to diversify your investments across multiple different managers, brokers, account types (forex/crypto/stocks) as well as GV Funds & even copytrading soon. With all past and real time results on display.
Some of these noname finance gurus might actually be pretty poor traders, in which case they will drop to the bottom of the pile and their trading history open for all to see. There are some good traders too, following all available investment advice would see you wait to make an investment in the right manager based on their program metrics.
TLDR - There are good eggs and there are bad eggs, blame the manager for their bad trades, not the platform. Also remember it was your choice to invest in that manager and all the metrics were available for you to view before you did.
Back to your question regarding partnerships: Tools4Brokers:
T4B engage in technological maintenance and software development for brokerage companies, mainly in forex markets.
T4B provides solutions to over 250 companies from thirty different countrys
Aleksey Kutsenko CEO of Tools For Brokers is the co-founder & CBDO of Genesis Vision
Aleksey is responsible for the implementation strategy of the Genesis Vision platform in the Forex industry
T4B supply Genesis Vision with ready codebase solutions.
IMO this is a very valuable partnership to have. T4B already had an existing portfolio of brokers prior to the release of the GVT platform. This will have proved greatly beneficial in relation to B2B networking for Genesis Vision, not to mention any techical knowledge and business advice T4B will have bought to the table. Going forward im sure this would continue to be greatly beneficial. RoboForex:
RoboForex supports a roster of approximately 9400 assets from eight different categories, those being forex, stocks, indices, ETFs, commodities, metals, energies and even cryptocurrencies with liquidity for them provided by eight separate liquidity providers.
Genesis Vision managers have a “pro standard” account type, meaning that they have access to 36 currency pairs, metals, CFDs and cryptocurrencies.
GV Managers can trade with a leverage of up to 1:100
The RoboForex broker is just another broker to add to the list of tools and markets available for GV managers to trade on. I have not personally traded on RoboForex so cannot offer an opinion on how good of a broker they are, but at current they just add an addition choice for trading in the GV ecosystem. This goes for other Crypto/Forex brokers that will arrive in the platform shortly and are currently integrated. With more and more tools and opportunites becoming available for both the current and future GV managers, the higher chances of creating a successful happy manager MY reasons for continuing to be bullish on GVT
The team continue to focus on development that attracts more managers and investors to the platform (Okex, Huobi, Exante, Chinese translation, Copytrading etc.)
Im not saying every manager will be profitable, far from it, but more managers = more profits that flow through to buy pressure on GVT.
A new leveling system is being developed that rewards managers based on individual performance rather than creating competition between one another
Funds are extremely underrated
Some did not agree, but the addition of the multicurrency wallet was the BEST step to take. This will allow for further adoption of the platform and growth in the long run, some of you have seen this as a negative step because you are under the impression it has caused the price in sats to go down. I would like to see more assets added to the multicurrency wallet, not less.
The token has solid use cases & if you see the latest AMA their are discussions for additional use cases. These usecases scale heavily with adoption.
I check their Github daily. They are building out this platform making more tools and brokers available, which will only lead to increased adoption by Crypto/Forex Managers & Investors. Then the marketing comes after the development is complete and the platform is perfected
We will see hundreds and in time thousands of managers longer term. If we take a conservative guess and say 20% of these managers are making profit, all this profit will flow through the GVT token. There is now only buy pressure on the token, the sell pressure was removed with the addition of the multicurrency wallet.
Some of you have previously said 'Well wont the investor just sell their profits distributed in GVT?'. Of course they can, if they choose too. But alternatively they can also hold GVT for reduced trading fees, reinvest their GVT to another program, invest in a GV Fund, subscribe to a copy trader using GVT as the subscription fee. The latter again, positively effects the Genesis Vision Token.
Heres my other reasons (Yes i've been watching GVT a long time):
A brand new blog post about if you should really put the time and effort into forex trading. Welcome to a new blog post. This blog post will be about Is Forex trading really worth it. Is it worth the time to learn? Please remember I am not a professional trader and I am not giving financial advice. These blog posts are here to guide and give my own opinion on trading the markets. Is Forex trading really worth it? Depends. What do you want to do in life? If you never had to work again, what would you want to do? For me personally, I want to travel and teach people how to be happy with whatever they want to do. Forex is a tool for me. Forex is not a lifestyle or something to show off for me personally. I see Forex as a system and tool that I can use to enable to me create the life I want. Of course, to get enough money from this tool, you will need to have a good amount of capital. If you want to read more, here is the blog post. https://www.jacobrudge.com/post/is-forex-trading-really-worth-it https://preview.redd.it/ht8n5so0w2h41.png?width=1000&format=png&auto=webp&s=a1be1a97f27908990482305eb1670a51261f6e02
[WallText] For those who really want to be forex traders.
Im sry if u find some grammatical errors, english is not my mother language. Let me know and i will fix it. First of all, look for at least half an hour without interruptions to read this manual. This is the system that has created trading professionals. He has done it and today he continues doing it, as it happened with me. It is not a system written in any forum, in fact I believe that it has been the first to collect all the ideas and create a structure to follow to carry them out, but these same ideas and procedures have been the ones that the winning traders have used during decades and will continue to use, since they are based on completely objective and real foundations. Let's go to it: Hi all. It is known that the observation time makes the patterns elucidate, and after some time in the forum and throughout this trading world I have found many patterns in the responses of the people, I have reasoned about them, and I have realized their failures, why they fail to be profitable. There are people who have put effort into this. Not all, but there are people who have really read a lot, studied a lot, learned a lot and tried a lot, and even then they are not able to achieve stable profitability. The question is: Is there enough in that effort? Is there a specific moment in the line of learning where you start to be profitable? The question is, logically. There are traders that generate constant profitability. Hedge funds, investment firms ... and the difference is in areas where people for some reason do not want to invest time. Why are there more messages in the strategy forums than in the psychology, journals and fundamental analysis together? As human beings, our brain is programmed to look for quick positive responses. In nature, the brain does not understand the concept of long-term investment. There is only a short-term investment made from the difference between what we think will cost us something and what we think it will contribute. If we think that it will cost us more than it can give us, we simply do not feel motivated. It is a simple mechanism. The market plays with these mechanisms. There are more scalpers created from the search for that positive emotion than from the search for a scalping system. In short, we are not programmed to operate, and there lies the fact that only a huge minority of operators are profitable. Among others, I have observed several patterns of behavior that make a trader fail, and they are: - Search for immediate pleasure: The trader wants to feel that he has won on the one hand, and on the other he wants to avoid the feeling of loss. Following this there are many traders who place a very low take profit and a very high stop loss. This is not bad if the probabilities have been reviewed before, the mathematical factor of hope, the relation with the drawdown .. but in the majority of the cases absolutely nothing of statistics is known. There is only that need to win. They win, they win, they win, until one day the odds do their job and the stop loss is touched, returning the account to its origins or leaving it with less money than it started. This does not work. - Search for immediate wealth: Again it is something immediate. People want good emotions, and we want them already. The vast majority of traders approach this world with fantasies of wealth, women and expensive cars, but do not visualize hard work, the sickly hard work behind all this. From there underlie behaviors like eternally looking for new robots or expert advisors that promise a lot of money, or new systems. The type of trader that has this integrated pattern is characterized by doing nothing more than that. Spend the day looking for new strategies Of course he never manages to earn constant money. - Think that trading is easy: Trading is not easy, it is simple. Why? Because when you get the wisdom and experience necessary to find yourself in a state of superior knowledge about the market and effectively make money, it is very simple; you just have to apply the same equation again and again. However, it is not easy to reach this equation. This equation includes variables such as risk understanding, mathematics, certain characteristics in the personality that must be assimilated little by little, intelligence, a lot of experience .. This is not easy. This is a business, and in fact it is one of the most difficult businesses in the world. It may seem simple to see a series of candles on a screen or perhaps a line, or any type of graphic, but it is not. Behind the screen there are hundreds of thousands of very intelligent professionals, very disciplined, very educated, very ... This business is the most profitable in the world if you know how to carry, since it is based on the concept of compound interest, but it is also one of the most difficult. And I repeat. It's a business, not a game. I think you'll never hear a lawyer say to his boss: "We're going to focus all our time on finding a strategy that ALWAYS makes us win a trial, ALWAYS." What does it sound ridiculous? It sounds to me just as ridiculous for trading. But you are not to blame, you have been subconsciously deceived through the advertising brokers and your own internal desires, to think that this is something easy. - Lack of discipline: Trading is not something you can do 10 minutes on Monday and 6 on Thursday. This is not a game, and until you get a regular schedule you can not start earning money. There are people who open a graph one day for 5 minutes, then return to their normal life and then one week returns to look at it for other minutes. Trading should not be treated as a hobby. If you want to win "some money" I advise you not even to get in, because you will end up losing something or a lot of money. You have to think if you really want trading to be part of your life. It's like when you meet a girl and you want to get married. Do you really want to get into this with all the consequences? Because otherwise it will not work. Visualize the hard work behind this. Candle nights, frustrations, several hundred dollars lost (at the beginning) .. enter the world of trading with a really deep reason, if you lose a time and money that no one will return, and both things are finite! - Know something and pretend to know everything: Making money in the markets is not based on painting the graph as a child a paper with crayon wax and pretend to make money. It is not based on drawing lines or circles, or squares. It is based on understanding the operation of all these tools, the background of the why of the tools of trading. A trend line only marks the cycle of a wave within a longer time frame, within a longer time frame, and so on indefinitely. In turn, this wave is divided into waves with a specific behavior, divided into smaller waves and Etcetera, and understanding that dynamic is fundamental to winning. It is not the fact of drawing a line. That can be done by an 8 year old boy. It is the fact of UNDERSTANDING why. There are traders who read two technical analysis books and a delta analysis book and believe that they are professionals, but do they really understand the behavior of the market? The answer is in their portfolios. After this explanation that only 10% will have read, I will try to detail step by step something that is 90% yearning, and that will have quickly turned the scroll of your mouse to find the solution to all your problems while supporting the beer in a book of " become rich ", rotten by lack of use. These steps must be carried out one by one, starting with the first, fulfilling it, moving on to the second, successively and growing. If steps are taken for granted, or not fully met, it simply will not work. I know this will happen and the person who did it will think "Bah, this does not work." and you will return to your top strategy search routine. That said, let start: 1º Create a REAL account with 50 dollars approximately: _ Forget the demo accounts. They are a utopia, they do not work. There is infinite liquidity, without emotions and without slipagge. These things will change when we enter the real market, and the most experienced person in the world will notice a sharp drop in their profitability when it happens to real accounts. And not only using a demo account has disadvantages, but using a real one has advantages. We will have a real slipagge with real liquidity. Real requotes and more. The most important: We will work our emotions at the same time. Because yes, we will lose or win a couple of cents, but that has a subconscious impact of loss. This means that we will begin to expand our comfort zone from the start. Using a demo account is simply a disadvantage. 2º Buy a newspaper in the stationery or in Chinese (optional), or write one online or in Word: A newspaper will be of GREAT help. You can not imagine, for those of you who do not have one, how a newspaper can exponentiate our learning curve. It is simply absurd not to have a diary. It's like taking a ticket of 5 instead of one of 100. In this diary we will write down observations that we make about the operations that we will carry out in points that I will explain later of this same manual. We will divide the newspaper into 2 parts:
1 part: The operation itself. We will write the reasons for each operation. The why we have done it.
2 part: How we feel. We will unburden ourselves without explaining how we feel, what our intuition tells us about that particular operation and so on.
How to use: We will read the newspaper once a week, thinking about the emotions we felt each day and in what situations, and the reasons. Soon, we will begin to realize that we have certain patterns in the way we feel and operate, and we will have the ability to change them. We can also learn from mistakes that we make, and keep them always in a diary. 3º Look for a strategy that has the following characteristics:
Make it SIMPLE. Nothing of 4 or more indicators or the colors of the gay flag drawn on the graph based on 1000 lines. Why? Because there is always an initial enthusiasm and maybe we can follow a complex strategy for a week, but burned that motivation, saturates us and we will leave it aside.
Therefore, the strategy must be simple. If we use metatrader, the default indicators work. No macd's no-lag and similar tools. That does not lead anywhere. And if you do not believe it, I'll tell you that in all areas of life comes marketing. In addition to trading towards MMA and now I do powerlifts, and there are 1000 exercises to do. However, the classics are still working and work very well. It seems that sellers of strange sports equipment do not share the same opinion, that the only thing they want is to sell! 4º Understand the strategy:
We must gut each process of the strategy and reason about it. What does this indicator do? What does this process? Why this and not another? Why this exit ?. Some strategies will be based on unspecified outputs. This does not suppose any problem because as we get experience in that specific strategy, we will remember situations that have occurred, we will see situations that are repeated (patterns) and we will be able to find better starts and entrances. Everything is in our hands.
5° Collect essential statistical information:
This part is FUNDAMENTAL, and no operator can have as much security in itself when operating as if it uses a strategy that has at least positive mathematical hope and an acceptable drawdown.
Step 1: To carry out this collection of information you need to test the strategy for at least 100 signals. Yes, 100 signals.
Assuming it is an intraday strategy and we do an operation per day, it will take us 100 days (3 months and 10 days approx) to carry out the study. Logically these figures can change depending on the number of operations that we make up to date with the strategy. I have no doubt that after reading this manual we will go for a quick strategy of scalpers, with 100 signals every 10 minutes where the seller comes out with a big smile in his promotional video. I personally recommend a system of maximum 2 daily operations to start, but this point is personal. Is it a long time? Go! It turns out that a college student of average intelligence takes 6 years to finish a career. It takes 6 years just to train, and there are even more races. This does not guarantee any profitability, and in any case most of Sometimes it will get a static return and not based on compound interest. I can never aspire to more. The market offers compound profitability, there will be no bosses, nor schedules that we do not impose. We will always have work, and we can earn a lot more money than most people with careers or masters. Is it a long time? I do not think so. As I was saying, we will test the strategy 100 times with our REAL account that we created in step 1. Did you decide to use a demo account? Better look for another manual; This has to be something serious. They are 100 dollars and will be the best investment of all in your career as a trader.
Step 2: Once with the report of the 100 strategies in hand, we will collect the following information:
How many times have we won and how many lost. Afterwards, we will find the percentage of correct answers.
How much have we won and how much have we lost? Afterwards, we will find the average profit and the average loss.
Step 3: With this information we will complete the mathematical hope formula:
(1 + average profit / average loss) * (percentage of correct answers / 100) -1 Example:
Of the 100 operations there are 50 winners and 50 losers, then the success rate is 50%.
Our average profit is 20 dollars and our average loss is 10 dollars.
Filling the formula: (1 + 20/10) * (50/100) -1 (1 + 2) * (0,5) -1 3 * 0.5 - 1 1,5 - 1 = 0,5 In this example the mathematical expectation is 0.5. It is POSITIVE, because it is greater than 0. From 0, we will know that this strategy will make us earn money over time ALWAYS we respect the strategy. If after a few days we modify it, then we will have to find this equation again with another 100 different operations. Easy? A result of "0" would mean that this strategy does not win or lose, but in the long run we would LOSE due to the spread and other random factors. You have to try to find a strategy that, once this study is done, the result of your mathematical hope is greater than 0.2 as MINIMUM. Finding this formula will also give a curious fact. The greater the take profit in relation to the stop loss, as a general rule more positive will be our mathematical hope. This has given many pages of discursiones about whether to place take profit> stop loss or vice versa. If our stop was larger than the take profit, then the other ratio (% earned /% lost) should be yes or yes positive. But this is just curiosities. let's keep going:
6° Expand our comfort zone:
We will not be able to work with operations of 10 million dollars overnight, but we can progressively condition ourselves to that path. Assuming all of the above, and with a real account, some experience in the 3 months of information gathering and a positive mathematical hope, we are ready to operate in real with some consistency. But how to carry it out? The comfort zone is the psychological limits we have before feeling fear or emotional tension. When we get into a fight, we have left our comfort zone and we feel tension, unless we have a psychopathic disorder. Every time we lean out onto a 300-meter balcony from a skyscraper, we move away from the comfort zone. Every time we speak to a depampanante woman, we move away from our comfort zone. Our brain creates a comfort zone to differentiate what we usually do and is not substantially dangerous, from the unknown and potentially dangerous to our survival or reproduction. And whenever the brain interprets that these two aspects are in danger, we will feel negative emotions like fear, disgust, loneliness, fury, etcetera. This topic is much more profound and you would have to read several volumes of evolutionism to understand the why of each thing. The only thing that interests us here is the "what", and the one, that is, that there is a certain comfort zone that must be expanded without any problems. With trading, exactly the same thing happens. The forex market is a virtual environment in which we lose or gain things, but our brain does not differentiate between reality and what is not, it only attends to stimuli of a certain type. We can lose food in the middle of the forest or also a crude oil operation. Our goal is to condition our subconscious so that it is progressively accepting lost and small benefits, and as time goes by, bigger. The exercise to achieve this is the following:
We will operate on that account of 100 dollars with our mathematically positive strategy for 3 more months.
After these three months, our account should have benefits, because of the mathematically positive strategy.
We will enter 200 dollars more and we will operate a month more raising the lots according to our risk management (I do not advise that the risk is greater than 2%)
At this point, I know how hard it is to resign myself to impatience, but follow those times and do not skip it even if you feel safe, but you will fail, it's simple. Let's keep going:
After that month, we will raise our capital again with a new income. This time we will enter 1000 dollars (save if you do not have 1000 dollars loose, you will recover later on, do you want to make money, enter 1000 dollars.
We will test the operation one month with this new injection. We probably notice difficulties. More blockages, more euphoria when winning ... how will we know when to move on to the next entry? When we do not feel ANYTHING or at most something very shallow, when win or lose If observing the wall and operating is for you the same from an emotional point of view, it is time to enter more money.
We will follow this procedure until we have a basic account of 21000 dollars. The amounts to be paid will depend on our ability to not feel emotions, a capacity that will be taking over time.
We will raise capital until we feel that we block too much. In that case we will drawdown to a more acceptable amount, and we will continue at that level until get discipline and lack of reactivity at that level. Later, we will go up.
If we want to earn more money, we will continue entering and entering. Always following the conditioning scheme of 1 month.
Why a month? A study conducted in the United States revealed that the subconscious needs an average of 28 days to create new habits or eliminate old habits. Emotional reactions are part of the habits. If we maintain some pressure of any emotion during the opportune time, in this case 28 days, will create tolerance and the subconscious will need a more intense version of the stimulus to activate. AND THAT'S ALL! Follow these steps and you will triumph. Here is the golden chalice, the tomb of Jesus or whatever you want to call it. There is no more mystery in the world of trading. This system will accompany you during the next year, year and a half. It's the one I used and it WORKS. Once done, you will have a very profitable system integrated into your being, since not only will it be mathematically viable, but you will also have the necessary experience to make it infinitely more profitable yet. In addition, you will have psychology fully worked on a professional level to have conditioned your subconscious gradually. Happy trading to all of u guys.-
CBOE Bitcoin Futures: Trading advice from a seasoned stock+options+forex trader
Disclaimer: This is only my opinion. Nobody knows what will happen in the future, but this is what I will be doing. TLDR: If you own Bitcoin already: don't sell. If you want to buy more, watch the market over the next few days (especially the next few hours) for good opportunities. I've been a professional (other people's money) stock, options, and FOREX day-trader for a few years, and have many more years of non-professional (my own money) experience. In about one hour (6PM Eastern Time), the Chicago Board Options Exchange will begin trading Bitcoin futures under the ticker XBT. A short explanation of futures trading: Traders bet on the future price on an asset, in this case Bitcoin. Instead of actually trading Bitcoin, they are trading contracts that give the right to buy or sell the asset at a certain price. Futures exist for many assets, including but not limited to Gold, Silver, Wheat, Corn, Soy, the S&P500, etc.... Read more on futures here.
What does this mean for Bitcoin?
The addition of this new security will make a big impact on Bitcoin trading. Bitcoin will see a huge increase in trading volume and, consequently, short-term volatility. Eventually, the addition of volume will cause the price to stabilize. However, the new traders will likely cause a frenzy of buying and selling that, for the near future, will cause huge spikes in both directions. Again, in the long-term, the price should stabilize from the additional liquidity, but the influx of traders will temporarily destabilize the market. Other than the price, the introduction of Bitcoin to mainstream traders will further support the growth of Bitcoin as a currency. I am very pro-Bitcoin long-term. Watch this video from Andreas Antonopoulos for his insight on the CBOE.
This is my opinion. I cannot predict the future with certainty, and there is a very good chance I will be wrong. Be smart with your trading to protect you when you're wrong. Today I sold about half of my Bitcoin at a profit after buying during yesterday's mini-correction. My plan is to hold the other half through the chaos. I am anticipating major price swings in both directions over the next few hours/days, so I intend to buy back the Bitcoin I sold if/when the price dips considerably. In the event that the price skyrockets, I still have half of my Bitcoin. In the event that the price tanks downwards, I can buy much more Bitcoin to bring my average Bitcoin price down significantly. If you already have Bitcoin, I suggest holding it tight. If you want to buy more, you may see some very good opportunities in the near future. Good luck! :) EDIT: Although futures trading started tonight, most traders will not engage in trading until tomorrow morning. Thanks for the gold!
I moved to Israel six years ago. How that happened: I am Jewish (you probably guessed) and bought into the idea that it is our ancestral homeland. After being taken on one of those free two weeks tours, I became captivated by the country and planned to move there. It took a few years of planning for that wish to come to fruition. To be honest, I still believe in Jewish people's right to be here and that a Jewish country is the only natural environment for a Jew (particularly an observant one) to live in. I just happen not to like the one country that fits that criteria very much, or many of its citizens - and that also happens to be the country I live in! I also believe that is Israel's responsibility to help realize a just and lasting solution to the Palestinian "problem". In my view, that is not reconcilable with endlessly occupying the land they live on and subjecting them to military law. But that aside... The Israel I visited as a tourist and the Israel I live in as a citizen are like two completely countries. So much so that if I were a conspiracy theorist (I am not!), I would practically believe the whole thing was an illusion.
Manners (Or Lack Thereof)
For whatever reason, manners are virtually absent here. The stereotypes are 100% true. Maybe I missed that earlier? I'm not sure, because some people with parents who were born here have told me that people have become ruder and more aggressive over the years. I tend to believe it. You buy stuff in the market and shopkeepers just glare at you and slam your change on the counter without even bothering to say "thank you". I feel like if someone tried that in NYC they might be asking for a fight! Not a single person in my building knows how to close their door. My table jars every few minutes from the vibration of people slamming their doors. People play music at all hours. And blare private conversations over their phone's loudspeakers because they can't be bothered bringing the handset to their ears. This varies a little by city (Tel Aviv is slightly more refined), but in general the culture is incredibly inconsiderate. Shouting is very commonplace (of course, it's just a "friendly argument"), honking on the roads is incessant, and people are too inpatient and inconsiderate to be able to form a queue. People will push grandmothers out of the way to get on a bus sooner. If it weren't sad, it would be funny. Social cohesion is sorely lacking, IMO, as evidenced by the massive amount of splinter and minority parties that form before every election. Everybody is in a tribe or, if not, an "enemy" (read: an Arab). The sad and blunt truth is that it's a crude, racist society that even has a problem with some of its own (see: treatment of Ethiopian Jews). (BTW, this is something that gets discussed a lot among Jews that voluntarily move here. People come up with all manner of BS excuses to justify it. "It's directness." No, it's atrocious manners. "There are no words for basic courtesies in Hebrew". Yes, there are - open a dictionary! "It's Middle Eastern". Travel to Egypt and Jordan. People have manners there. Unfortunately, most people that have negative things to say about the country get silenced by the aggressive "nothing can be wrong here" brigade.)
Prices are insanely high and, as far as I can tell, the situation is only getting worse. Generally, those prices are for crappy products imported from China and heavily marked up. Or the local stuff sold by a company that is part of an oligopoly and would never survive in a free market environment. Customer service is almost non-existent - or at least, has the local twist which is "the customer is always wrong". And of course - those wonderful overpriced products and services are sold to you by often rude ungrateful people. Working here also flat out sucks, IMO. The world has bought into the myth that Israel is a land of amazing startups where everybody is swimming in opportunity. The reality is that more than 90% of the economy is employed in protectionist dysfunctional companies and Israel has one of the lowest per-capita productivity rates in the OECD (feel free to check the numbers - it's late at night here and I'm trying not to lose the 'flow' of this). It's capitalism with all the benefits taken out. The socialist/kibbutznik backbone that formed the society is dead. Income inequality, as measured by the Geni coefficient, is among the highest in the world. If you're not a Java developer or help run one of the ports (don't ask - monopoly!) you can expect to be paid a salary roughly a third lower than the West - while living in one of the most expensive countries in the world. A good chunk of immigrants here are employed in scam industries, including (but not limited to) binary, forex, and other international "scams." They attempted to regulate these, but due to corruption and cronyism, largely failed. Just as they attempted to pass a fair rental law which had about the same result. To add insult to injury ****, Israelis are C-H-E-A-P***\* in my opinion (given the pejorative Jewish-money stereotypes, I realize that this is something that would be problematic/difficult for a non-Jew to assert). You see this in the workplace. You're expected to work like a slave while your miserly employer tries his best haggling skills to pay you as little as possible. Unsurprisingly, Israelis founded Fiverr and have proven very eager exponents of the offshoring model, where they can find people willing to work for even less than olim hadashim (Jewish immigrants). Israelis love bargaining and will treat anything that involves money as a game whereby they attempt to keep as much of it as possible. In terms of conditions - the minimum number of vacation days are 12 while the working week is 45 hours. Again, for pretty miserable salaries. Public holidays, which are relatively few, do not roll over if they fall out on a weekend. In general, a cultural of professionalism is sorely lacking. My strongly held opinion is that the best have already left. Also: a bunch of Israelis sponge off their families until well over their forties. The country is also awash with Jewish immigrants who mysteriously seem to survive despite never having held a job in their life. The explanation? Their familiar are sponsoring them.
Religious Coercion / Weekends
Because of the Jewish Sabbath (during which public transport does not run; shops start closing half-way through Friday), you never even really feel like you've had a proper weekend. Property is the worst of all. Astronomically expensive. Taxes on new cars are almost 100% so almost everybody drives beat-up second hand ones, if they have one at all (it's considered a luxury). And the standards of housing - from anybody comparing it to the West - is relatively abysmal. There's a great Facebook page with some photos of the worst rentals on the market. Even if you don't read Hebrew, just take a look at some of the photos. The first generations that came here have done a nice job at monopolizing large segments of the market and housing stock so are well taken care of. For virtually anybody else, their future is renting (from rude slumlords!) Hotel prices are also outrageous, and there's the added insult of having to pay more for rooms if you're from the country. People here literally fly to Europe because it's cheaper than staycationing in this ripoff! Want to console yourself about that with a nice mango? Even fruit here has become expensive recently. The only thing that's cheaper here than the West is healthcare and public transport. It's a great country to be on the breadline in. To thrive financially? Not so much.
The public endlessly votes for a lying, corrupt prime minister who has just let the parliament dissolve in his pathetic bid to avoid fraud charges. The country is apparently rapidly descending into a religious dictatorship and nobody seems to care - yet it still has the nerve to call itself "the only democracy in the Middle East." The school system is failing and a segment of the population which doesn't work or paid taxes (the ultra-Orthodox) have somehow wound up in the position where they pull all the political strings. People, for a reason I can never understand, generally seem to simply accept the status quo. They are content with simply surviving and not being obliterated by Iran/Hamas/Hizbullah. As someone that didn't grow up in that security environment, this seems baffling to me. I feel like grabbing hold of one of Netanyahu's voters and asking him/her "That's truly all you aspire towards?" The most that happens is some journalist (automatically branded a "leftist" by the right-wing majority) writes some article in the Opinion section of Ha'aretz. The last time people got out on the street to protest in significant numbers was years ago (remember the cottage cheese protests?). In Greece, the riot police get called out to put down mass protests. Here, people are happy to simply survive (sort of). Why does the average person here vote for Netanyahu? You know, because things are so great here and some third-world tycoon has been to visit (this is advertised as "unprecedented diplomatic achievements."). Oh, and the economy has "never been stronger" (even though the country also has an enormous poverty problem and many people are struggling to simply get by). I have a bad habit of checking Google News every few hours. Reading those articles just makes me angry. But it's really nothing more than a reflection of how people are on the street. Rude. Aggressive. Argumentative. Demanding. Always in the fricking right. Also locals here literally never apologize for anything (that would be considered too "weak" to fit in with the local culture). There's also this weird fetish with strength and the military here that I find disturbing. You see it in slang a lot (an "explosion" also means a good thing, like "that party was an explosion" is an idiom for "that party was a great time"). Being human (such as letting somebody cut ahead of you in line at the supermarket because they only have a couple of items) is branded as "weakness" and frowned upon. As is having manners. To be honest, I believe that the culture here is best described as "sick". Israel has made me feel like an old man, even though I'm far from that. All I want, at this point, is a basic quality of life. Things like a non-minuscule apartment in which to live. Decent professional opportunities that don't involve working for some (usually shady) startup simply trying to use my English to get some investor to pump money into them so they can offshore everything to the US. The possibility of a week's vacation in somewhere that isn't a dingy ripoff staffed by rude people! And to hear somebody say "thank you, have a nice day" when I buy an apple from them! I travel abroad a couple of times a year and usually feel like I've stepped into another planet. It's like somebody is dispersing a fine mist of Valium from the air. Hard to put my finger on it but people just seem kind of sedate and relaxed! People are less direct (I'll admit, I actually like the directness here!), but know basic manners, everything isn't overpriced, and people enjoy a real weekend! You can order stuff from Amazon and it actually arrives on time! Somehow, there's no shouting! People know how to actually form a line! You don't have to stand up for yourself simply to not be pushed over! I'm planning my escape (among other things), but I have to hold this in every day until I get out. I don't feel comfortable telling this to my friends (I rebrand it as "I'm finding it difficult here" without going into details) and I can't exactly broadcast my feelings to the average person on the street. The truth is that I'm not as miserable as I sound. I've been doing some self-work recently just to cope with living here. Stress and all that. My mindset has taken a shift to the positive. And I'm really grateful by how much it has helped. But it doesn't make living here any less distasteful and actually made me much more inclined to write this here (why wouldn't I tell the world like it is - at least as I see it?). BTW, I'm a real Reddit user but, because I'm paranoid about privacy, I set up a new account just to write this post. So thank you, Reddit, for giving me the chance to put this into writing! If you're also living, or have lived here, feel free to let me know your thoughts in the comments. And if you haven't and are considering doing so, please take everything you have read and heard about the country with a pinch (actually, make that the entire carton-full) of salt!
Guys, I've Been To Over 9 Forex Educators, They All Have Their Unique Styles Of Trading And Custom Indicators. One Thing That Bothers Me, They All React The Same To This Question...... "Do You Trade The News"? I'm starting to feel like some info might be hidden that FX Educators might not want their students to know....Maybe I'm over thinking it. Though Thing Is I Just Met 2 Females That Only Trade The News And Are As Handsomely Stable In Profits As Most "Professional" Traders. Now I ask myself, why do I see FX Educators Basically Teaching The Same Type Of Strategy And Shun News Events Away Like Nobody Trades Them?? Hmmmmm I Just Want Us To Discuss This....Preferably With People Whom Have Traded The News Before Or Are Looking Into It.....Otherwise you can also comment if you also have some opinions.
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