At best, good trading is unpleasant

This is such a great quote from George Soros that I wanted to share it today.

“What is there to say? Risk taking is painful. Either you are willing to bear the pain yourself or you try to pass it on to others. Anyone who is in a risk taking business but cannot face the consequences is no good.”

That sums it up so well. Holding positions is torturous and some ways to mitigate it are:

  1. Using stops
  2. Managing position sizes
  3. Managing/avoiding leverage
  4. Staying informed
  5. All the other ways you manage stress in life, like meditation

Stanley Druckenmiller said he was a better trader than his mentor Soros but that Soros’ superpower was his ability to bet big on a good idea. To some extent, that’s innate. At the same time, it’s a muscle that can grow by trading small, building confidence and knowing when everything is aligned.

One thing that few people talk about is anticipating the pain and I find it to be radically effective. You may believe with the highest conviction that the euro is going to 0.90 or that the US dollar has topped but if you position accordingly, you have to remember it won’t be a straight line. It will be a windy, painful road with headlines and price action that go against you. Before you ever put on the position, anticipate the pain that will go with the journey and embrace that it’s part of the path. When it comes, it won’t be a surprise and that will give you a bit more fortitude to withstand it.

Bitcoin’s never-ending search for a bottom

Bitcoin closed last week with a new formal
decline, losing $100 to $16490.

At the start of trading on Monday, it loses
another $360 to $16150.

The week starts with a subdued risk appetite on global
markets due to China unrest. Ethereum is performing better, adding 3.3% over the week to $1170.
Other leading altcoins in the top 10 are changing from -2.5% (Polkadot) to
22.2% (Dogecoin).

Total crypto market capitalisation,
according to CoinMarketCap, was up 2% for the week, to $817bn.

The
cryptocurrency Fear & Greed Index rose to 28 by Monday, moving into
“fear” versus “extreme fear” at 21 a week earlier.

Bitcoin has updated two-year lows below
$15,500 in the past week on news of the possible bankruptcy of cryptocurrency
lending service Genesis Global Capital.

Bitcoin is under pressure from
institutionalists whose risk appetite is firmly tied to stock markets. Bitcoin
continues to look for a bottom from which it can push back, but the negative
external backdrop is not yet conducive to buying.

News background

According to Barron’s, Genesis Global
Capital has been the subject of an investigation by US regulators over the
suspension of withdrawals and the company’s liquidity crisis.

It is unclear
whether US federal regulators are involved, but at the very least, Alabama
state supervisory agencies are investigating.

The DeFi-project Ardana team from the
Cardano blockchain ecosystem has said it has suspended its development due to
“uncertainty over funding and the timing of the project”.

Bloomberg, a news agency, reports that Cryptocurrency
lender Matrixport is seeking funding for $100 million.

And while the company
says the moves have nothing to do with a lack of liquidity, investors are
little reassured.

Analysis of Bitcoin transactions helped
British police arrest over 100 people in the biggest anti-fraud operation in UK
history, led by Scotland Yard.

The iSpoof website was taken down, and phone
fraud suspects were caught.

This article was written by FxPro’s Senior Market Analyst Alex
Kuptsikevich.

Market Outlook for the Week of 28 November – 2 December

It’s going to be a busy week ahead with important data points expected
in several countries, especially in the U.S.

The week will kick off with a few
Fed members delivering their remarks Monday, followed by the U.S. CB Consumer
Confidence print on Tuesday.

Wednesday, we’ll get the preliminary GDP q/q; JOLTS Job Openings and
pending home sales m/m for the U.S. and the CPI for the eurozone.

Thursday will
bring the CPI m/m in Switzerland and the U.S. core PCE price index m/m,
unemployment claims and ISM manufacturing PMI.

Friday will include the average hourly earnings m/m, non-farm employment
change and the unemployment rate for the U.S. and employment change and the
unemployment rate for Canada.

The month-end rebalancing will also occur this week and might cause some
volatility in the market, so it’s worth keeping an eye on.

The eurozone CPI y/y is expected to show signs of cooling down from
10.6% to 10.4% with the decline likely due to the drop in energy inflation,
according to Citi.

The data should be closely watched as it can provide clues
about the next rate hike at the December meeting.

Many analysts now expect a
50bps rate hike following comments from ECB policymakers who suggested a step
down from 75bps is on the table.

In the U.S., Fed Chair Jerome Powell is expected to deliver his remarks
Wednesday and might focus on inflation and the labour market. He could
emphasize that the inflation target can’t be achieved with current labour
market conditions.

The Fed blackout period starts on December 3rd.

Analyst consensus for ISM manufacturing is 50.0, under last month’s
50.2, reflecting a contraction.

According to Citi we’ll see a weakening in hard
manufacturing data, like production and durable goods orders over the coming
months.

The U.S. PCE which is the Fed’s preferred measure for inflation is
likely to decelerate.

The non-farm employment change is likely to show signs of
cooling down but is expected to remain solid.

The consensus is for a 200K gain
in jobs (prior 261K).

The average hourly earnings m/m are expected to drop from
0.4% to 0.3%, while the unemployment rate will likely remain unchanged.

There
is also a possibility that the data will print better than expected.

In Canada, all eyes this week will be on labour market data. Citi
analysts expect a 15K decline in Canadian jobs and the unemployment rate to
rise to 5.4% due to a return to strong immigration.

USD/CAD expectations

On the H1 chart the pair closed the week near the 1.3390 level of
resistance which didn’t hold.

The next target is 1.3490 and from there a
correction is expected until 1.3360. In the short term the pair looks good for
buying opportunities.

With plenty of data for the pair this week take caution
as the bigger picture might be negative for USD/CAD.

There’s a strong
resistance at 1.3560 and if it holds, the next target could be 1.3245.

This article was written by Gina
Constantin.

Twitter 2.0: How Musk is Remaking the Company

Elon Musk is famous
for his extraordinary actions and big announcements. The richest man on Earth
has recently brought much news about his projects.

Having started the
acquisition of Twitter in April, he finally concluded the $44-billion deal on October
28.

Soon after, Mush took the company private. On November 8, the Twitter stock
was delisted from the New York Stock Exchange.

The question that interests
people now is simple: what’s next for Twitter?

In this article, FBS analysts go
through the latest news about the company and lay out their outlook. In
addition, they also share insights about Tesla – another business of Elon you
can still trade on the exchange.

Twitter’s new chapter

It’s been a month for
Musk as the CEO of Twitter. During this time, he has taken plenty of controversial
steps.

To begin with, Twitter has laid off about 3,700 employees – half of its
workforce – and hundreds more have left since Musk stepped on board.

Among the layoffs are
many engineers responsible for fixing bugs and preventing service outages,
which raises doubts about the platform’s stability.

Twitter crash reports have
skyrocketed from less than 50 to around 350, according to Downdetector, a
website and app outage tracking website.

On November 16, Musk
sent an email to Twitter employees, noting that to create a disruptive Twitter
2.0 and succeed in an increasingly competitive environment, they “will
need to be extremely tough.”

Employees didn’t like that Musk was
ruthlessly changing the culture to introduce long hours and an intense work
pace.

Musk tweeted he didn’t
care about the resignations as “the best people stay.”

In his first
address to Twitter employees, he said that he could go bankrupt if the social
network didn’t bring in more money.

Of course, this turn
of events leaves traders wondering where this could take the company.

The
changes can disrupt the already shaky structure of the company. Now, without
core engineers and developers, Musk will need a lot of effort to make the
company great again.

Consequences for Tesla

Unfortunately, Musk’s
actions influence all his projects. Let’s see how Tesla is doing.

Tesla stock continued its
recent decline, hitting a two-year low on Monday. This is the lowest level
since November 2020. The reasons for this decline are the same that contributed
to the stock’s fall of more than 40% over the past three months.

Investors are
dumping Tesla stocks as Musk had to sell some of his own this year to fund the
Twitter acquisition. According to SEC, Musk has sold 19.5billion shares of the electric car company from November 4
to November 8.

Recently, he also had to spend plenty of his time and
energy on the social media company.

Tesla’s price drop can
also be attributed to the recently announced recall and renewed concerns about
COVID-19 restrictions in China.

Tesla’s largest factory is in Shanghai, and
investors fear a break in sales from that facility may have a noticeable impact
on the company’s fourth quarter results.

Still, there’s a
silver lining.

The latest news that affects the business and the brand has been
driving the stock lower and lower so it became rather cheap.

This could be an
opportunity for long-term investors to start investing in stocks as the
business outlook continues to grow.

The price has been moving between two trendlines

for the past year. Since September, the price has lost around 40%. However, it

can still climb back to 263 if it stays within the channel.

Conclusion

FBS analysts believe
that it will be interesting to observe Musk’s projects in the near future. Elon
is known as a person who knows how to think outside the box.

Now when Twitter
is private, it doesn’t have to make quarterly public disclosures about its
performance.

As a result, Musk can change the platform’s content rules, its
finances and its priorities without worrying about what investors would
think. Therefore, traders and long-term investors can keep an eye on the future
of Twitter as well as Tesla’s long-term growth.

Five Best Forex Marketing Tips Every Forex-Enthusiast Must Know

The recent changes in the foreign trading industry have been quite dramatic. More rules and regulations have been put in place as a result of increased competition and the emergence of new markets.

In the big scheme of things, these alterations will provide openness and confidence, but in the near term, they present a number of difficulties for FX brokers.

With organic reach on the decline and many advertising bans instituted by different social platforms & search engines, it has become more difficult to market forex services. As a result, it’s vital to center your business and marketing efforts on time-tested practices.

Here are the five marketing approaches we recommend using to attract new clients without resorting to paid advertising or paid social media.

Loyalty Programs

A devoted customer base is essential to any company’s success since satisfied customers are more likely to buy additional offerings, provide constructive criticism, publish favorable testimonials online, and advocate for the enterprise in public discussion groups.

The existing capability of the MetaTrader system, which awards bonuses to experienced traders and distribution agents, can be utilized by businesses in order to promote their brands through brand advocacy.

Money Management Facilities

By adding money management to your brokerage services, you may attract and retain seasoned traders, investors, and beginners to the forex market, thereby boosting your business.

Successful money managers typically have a sizable fan base and their own network of supporters through which they recruit new clients. If you own a foreign exchange brokerage, it may be a good idea to revise your lead generation in order to recruit managers.

Social Trading Amenities

As a result of their meteoric increase in popularity in 2016, online trading solutions are now among the most sought-after financial offerings in expanding forex markets like India, Thailand, Malaysia, and others in the region.

The idea behind social trading is straightforward: an experienced trader offers up his method to other investors in exchange for a cut of their profits (or a subscription fee, in the case of services like MetaTrader Signals and eToro).

Traditional forex trading exists in tandem with the social trading community, but you can connect the two in order to win over more consumers.

FX Trading Awareness

Due to the fact that they cater to such a broad spectrum of traders, educational materials, predictions, and trading indicators will continue to be in high demand. This range of traders includes both novices and seasoned veterans of the trading profession.

Despite this, every once in a while we run across lectures and publications on how to market, how to select a forex broker and other similar topics that are either out of date or just plain boring.

These days, users expect detailed tutorials that can answer any query they could have. And this presents a fantastic chance to boost the effectiveness of your digital marketing by concentrating on fewer subject areas.

Digital Marketing for Forex Brokers

Promoting new services will be made easier with the help of digital marketing for your brokerage. Despite this, the financial sector has witnessed a number of restrictions and tightened rules in 2018, which have impacted online ads and promotion.

The majority of the different social platforms have forbidden advertising for cryptocurrencies, and search engines mostly have removed any and all references to trading services and products.

Despite this, there is still a range of approaches that may be utilized to incorporate digital marketing tactics. The following are the primary digital marketing strategies that can be merged into an effective forex affiliate CPA strategies for achieving success:

  • Search Engine Optimization

  • Blogging and Influencer Marketing

  • Chats and messengers

  • Forums and social media monitoring

Forex Affiliate CPA Programs To Invest In For Bigger Revenues

Affiliate marketing is successful when a customer joins through a link that is directly marketed, which is a benefit for affiliate marketers who focus on the forex market. Nevertheless, the promotion may be distributed throughout a number of other platforms.

It’s a prevalent misconception that affiliate marketing in the Forex market cannot generate “real money.”

It’s a common misperception among those who haven’t experienced it and don’t plan to.

The collection of forex affiliate CPA programs that you should start investing in is as follows in order to increase your revenues:

  • Algo-Affiliates

  • Olavivo

  • Datify.Link

  • Advendor

  • Acceleration Partners

Final Thoughts

In spite of the fact that it may appear to be tough when you have a restricted advertising budget to gain paid clicks, the leads that you will produce through the tactics that have been stated will be of a lot higher quality. And neither are these prospects produced via a referral, but they also undergo an extensive sales funnel that is focused on training and smooth exposure to the online trading world. trading. The goal is to increase the prospects of them becoming paying clients.

Sales below the surface still prevail in crypto

Bitcoin failed to build on the gains, rolling back to the levels of two days ago, losing 1.2% in the past 24 hours to $16.5K.

Global markets have been quiet due to US holidays and few meaningful economic publications, allowing the cryptocurrency to continue balancing in a tight range for almost two weeks.

The cryptocurrency market’s capitalisation fell by 1% to $827bn overnight. Without a solid positive stock index performance, crypto has nowhere to draw strength for future purchases.

Bitcoin
Bitcoin

Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger network called a blockchain. As Bitcoins are not issued or backed by any governments or central banks, it is considered to be legal tender. Transactions on the Bitcoin network are confirmed by a network of computers (or nodes) that solve a series of complex equations. This process is called Bitcoin mining. In exchange for Bitcoin mining, computers receive rewards in the form of new Bitcoins. Over time, mining grows increasingly difficult, leading subsequent rewards to become smaller and smaller. Given the structure of code, there will only ever be 21 million Bitcoins in existence. However, as of 2020, there were already 18.3 million Bitcoins in circulation. Bitcoin Making HistorySince its launch back in 2009, Bitcoin has remained the most popular and largest cryptocurrency in terms of market cap in the world. Its popularity has also contributed significantly to the release of thousands of other cryptocurrencies, that are now known as altcoins. At its inception, the crypto market was originally hegemonic, though presently the landscape contains countless altcoins.Bitcoin has also been controversial since its original launch. It has been heavily criticized for its use in illegal transactions and money laundering given its decentralized nature.As Bitcoin is impossible to trace, this makes the cryptocurrency an ideal target for illicit behavior. Critics also point to its high electricity consumption for mining, rampant price volatility, and thefts from exchanges. Bitcoin has been seen by some as a speculative bubble given its lack of oversight.

Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger network called a blockchain. As Bitcoins are not issued or backed by any governments or central banks, it is considered to be legal tender. Transactions on the Bitcoin network are confirmed by a network of computers (or nodes) that solve a series of complex equations. This process is called Bitcoin mining. In exchange for Bitcoin mining, computers receive rewards in the form of new Bitcoins. Over time, mining grows increasingly difficult, leading subsequent rewards to become smaller and smaller. Given the structure of code, there will only ever be 21 million Bitcoins in existence. However, as of 2020, there were already 18.3 million Bitcoins in circulation. Bitcoin Making HistorySince its launch back in 2009, Bitcoin has remained the most popular and largest cryptocurrency in terms of market cap in the world. Its popularity has also contributed significantly to the release of thousands of other cryptocurrencies, that are now known as altcoins. At its inception, the crypto market was originally hegemonic, though presently the landscape contains countless altcoins.Bitcoin has also been controversial since its original launch. It has been heavily criticized for its use in illegal transactions and money laundering given its decentralized nature.As Bitcoin is impossible to trace, this makes the cryptocurrency an ideal target for illicit behavior. Critics also point to its high electricity consumption for mining, rampant price volatility, and thefts from exchanges. Bitcoin has been seen by some as a speculative bubble given its lack of oversight.
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has failed to exploit the inverted head-and-shoulders pattern fully.

Perhaps the reason for that is the lack of big players due to the holidays.

However, the chances are high that it is still because of the ongoing cautious selling in the sector: the big players continue to reduce their positions, probably forgetting about it again for a couple of years.

News background

The New York Times reported that the troubled cryptocurrency lender Genesis Global Capital is not ruling out bankruptcy.

Genesis has hired investment bank Moelis & Company to explore options
Options

Options represent a contract that enables investors to buy or sell underlying instruments such as security, exchange-traded funds (ETFs) or indices at a certain price over a certain period of time. Buying and selling options can be done on the options market, which trades contracts based on securities. When trading options, the price of the option is thus a percentage of the underlying asset or security.Investors who purchase an option are able to buy shares at a later time and are known as a call option, while buying an option that allows you to sell shares at a later time is called a put option. Why Trade OptionsNotably, options differ from stock trading because they do not represent ownership in a company. Additionally, futures utilize contracts much in the same way as options, though options are considered a much lower risk due to the fact that you can withdraw or close an options contract at any point. When buying or selling options, traders retain the right to decide how to exercise that option at any point up until the expiration date. As such, buying or selling an option doesn’t mean you actually have to exercise it at the buy/sell point. This flexibility with options is a notable distinction from futures and are considered derivative securities.This means the price of options derived from the value of assets like the market, securities or other underlying instruments. For this reason, options are often considered less risky than stock trading.Options trading is available at many brokerage companies and is a core offering for most retail venues.

Options represent a contract that enables investors to buy or sell underlying instruments such as security, exchange-traded funds (ETFs) or indices at a certain price over a certain period of time. Buying and selling options can be done on the options market, which trades contracts based on securities. When trading options, the price of the option is thus a percentage of the underlying asset or security.Investors who purchase an option are able to buy shares at a later time and are known as a call option, while buying an option that allows you to sell shares at a later time is called a put option. Why Trade OptionsNotably, options differ from stock trading because they do not represent ownership in a company. Additionally, futures utilize contracts much in the same way as options, though options are considered a much lower risk due to the fact that you can withdraw or close an options contract at any point. When buying or selling options, traders retain the right to decide how to exercise that option at any point up until the expiration date. As such, buying or selling an option doesn’t mean you actually have to exercise it at the buy/sell point. This flexibility with options is a notable distinction from futures and are considered derivative securities.This means the price of options derived from the value of assets like the market, securities or other underlying instruments. For this reason, options are often considered less risky than stock trading.Options trading is available at many brokerage companies and is a core offering for most retail venues.
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, including filing for insolvency.

Ripple chief technology officer David Schwartz said the community was unlikely to learn a lesson from the FTX collapse and would be cautious going forward.

Changpeng Zhao, head of Binance, allowed for the possibility of buying FTX assets. In an interview with Bloomberg, he said that some of them could still be saved.

The 10,000 BTC stolen from the Mt.Gox exchange, which has been dormant for seven years, is on the move.

Ki Young Ju, a crypto analyst and head of CryptoQuant, made the announcement. In doing so, he commented that it was criminal money. The transaction was the largest since August 2017.

This article was written by FxPro’s Senior Market Analyst Alex Kuptsikevich.

A Blast from the Past: The roadmap to doing the “impossible” in your forex trading

Crypto climbs out of the pit

Bitcoin is adding 1.2% over the past 24 hours to $16.7K by the start of trading on Thursday. Ethereum is rising more briskly, gaining 4.3% to $1200. Crypto market capitalisation rose 2% to $837B, rebounding from the latest setback at the start of this week.

On the short-term charts, Bitcoin
Bitcoin

Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger network called a blockchain. As Bitcoins are not issued or backed by any governments or central banks, it is considered to be legal tender. Transactions on the Bitcoin network are confirmed by a network of computers (or nodes) that solve a series of complex equations. This process is called Bitcoin mining. In exchange for Bitcoin mining, computers receive rewards in the form of new Bitcoins. Over time, mining grows increasingly difficult, leading subsequent rewards to become smaller and smaller. Given the structure of code, there will only ever be 21 million Bitcoins in existence. However, as of 2020, there were already 18.3 million Bitcoins in circulation. Bitcoin Making HistorySince its launch back in 2009, Bitcoin has remained the most popular and largest cryptocurrency in terms of market cap in the world. Its popularity has also contributed significantly to the release of thousands of other cryptocurrencies, that are now known as altcoins. At its inception, the crypto market was originally hegemonic, though presently the landscape contains countless altcoins.Bitcoin has also been controversial since its original launch. It has been heavily criticized for its use in illegal transactions and money laundering given its decentralized nature.As Bitcoin is impossible to trace, this makes the cryptocurrency an ideal target for illicit behavior. Critics also point to its high electricity consumption for mining, rampant price volatility, and thefts from exchanges. Bitcoin has been seen by some as a speculative bubble given its lack of oversight.

Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger network called a blockchain. As Bitcoins are not issued or backed by any governments or central banks, it is considered to be legal tender. Transactions on the Bitcoin network are confirmed by a network of computers (or nodes) that solve a series of complex equations. This process is called Bitcoin mining. In exchange for Bitcoin mining, computers receive rewards in the form of new Bitcoins. Over time, mining grows increasingly difficult, leading subsequent rewards to become smaller and smaller. Given the structure of code, there will only ever be 21 million Bitcoins in existence. However, as of 2020, there were already 18.3 million Bitcoins in circulation. Bitcoin Making HistorySince its launch back in 2009, Bitcoin has remained the most popular and largest cryptocurrency in terms of market cap in the world. Its popularity has also contributed significantly to the release of thousands of other cryptocurrencies, that are now known as altcoins. At its inception, the crypto market was originally hegemonic, though presently the landscape contains countless altcoins.Bitcoin has also been controversial since its original launch. It has been heavily criticized for its use in illegal transactions and money laundering given its decentralized nature.As Bitcoin is impossible to trace, this makes the cryptocurrency an ideal target for illicit behavior. Critics also point to its high electricity consumption for mining, rampant price volatility, and thefts from exchanges. Bitcoin has been seen by some as a speculative bubble given its lack of oversight.
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has formed an inverted head-and-shoulders pattern, suggesting an upside potential growth to $17.8K, as suggested by classic targets for this figure.

In turn, this would be a move out of consolidation in almost two weeks, which could further boost buyers’ optimism.

Taking a step back to the larger timeframes, however, strength remains on the bears’ side as the former cryptocurrency trades below previous consolidation levels at $18.0K.

News background

According to Coinbase research, many investors are increasing the number of coins in their wallets despite the decline in the crypto market. Over the past year, 62% of institutional investors surveyed have increased their investments.

According to a Harvard University study, central banks in sanctioned countries could use bitcoin, as well as gold, as a risk hedge. Diversifying central bank reserves could eventually boost the value of cryptocurrency and gold.

Elizabeth Warren, a US Senate Banking Committee member, also called for stronger regulation of the cryptocurrency industry in her article for The Wall Street Journal. She said the Sam Bankman-Fried empire incident is a “wake-up call” for the authorities.

New York state authorities have imposed a two-year ban on the non-environmental mining of cryptocurrencies
Cryptocurrencies

Cryptocurrencies represent nearly counterfeit-proof digital currencies that are built on blockchain technology. These can be obtained using cryptography or virtual currencies.Cryptocurrencies constitute decentralized networks, harnessing blockchain technology that crucially are overseen by a central authority. This makes cryptocurrencies unique in their function, placing them effectively outside the sphere of influence from any government or central bank.Such digital currency stems from encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can also accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while cryptocurrencies depict cryptographic methods and encryption algorithms.This includes public-private key pairs, various hashing functions, and an elliptical curve. By design, each cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.Consequently, these are also approved by a disparate network of individual nodes or computers that maintain a copy of the ledger. For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. Cryptocurrencies Go Mainstream2009 saw the rise of Bitcoin, which became the first blockchain-based cryptocurrency and has since risen to become the world’s most widely traded and valued cryptocurrency.Since then, many other cryptocurrencies have been launched and grown in popularity in recent years. These are known as altcoins.Common examples of these cryptocurrencies are Ethereum, Ripple, Stellar, and Dash, among many others.Cryptocurrencies also promise a wide range of technological innovations that have yet to be structured into being.

Cryptocurrencies represent nearly counterfeit-proof digital currencies that are built on blockchain technology. These can be obtained using cryptography or virtual currencies.Cryptocurrencies constitute decentralized networks, harnessing blockchain technology that crucially are overseen by a central authority. This makes cryptocurrencies unique in their function, placing them effectively outside the sphere of influence from any government or central bank.Such digital currency stems from encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can also accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while cryptocurrencies depict cryptographic methods and encryption algorithms.This includes public-private key pairs, various hashing functions, and an elliptical curve. By design, each cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.Consequently, these are also approved by a disparate network of individual nodes or computers that maintain a copy of the ledger. For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. Cryptocurrencies Go Mainstream2009 saw the rise of Bitcoin, which became the first blockchain-based cryptocurrency and has since risen to become the world’s most widely traded and valued cryptocurrency.Since then, many other cryptocurrencies have been launched and grown in popularity in recent years. These are known as altcoins.Common examples of these cryptocurrencies are Ethereum, Ripple, Stellar, and Dash, among many others.Cryptocurrencies also promise a wide range of technological innovations that have yet to be structured into being.
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on the Proof-of-Work (PoW) algorithm.

This article was written by FxPro’s Senior Market Analyst Alex
Kuptsikevich.

ZuluTrade Announces It Will Drop Profit-sharing Fees from Investors’ Accounts

Undertaking a major change in its leaders’ compensation model, ZuluTrade has announced that it will drop the profit-sharing fees from the followers’ accounts. The radical change in the compensation model comes in line with the new management approach to make ZuluTrade more investor-friendly and forward-looking by reducing costs and increasing quality and transparency on the platform.

ZuluTrade’s current profit-sharing model pays traders (a.k.a. leaders) who provide signals that are copied automatically into the follower’s account. The follower pays $30 as a subscription fee per month per account and pays the leader 25% of the profits gained in his account in a month. As such, the higher the profits on a follower’s account, the higher the leader’s compensation. The 25% Performance Fee is paid only for the months closed with profits.

However, on the flip side, if the follower’s account suffers a loss in the following months, the leader is not charged for the loss incurred. This implies that the followers are putting money on a leader and sharing their rewards, but they are not really sharing the risk in the long term with the leader. Also, this means that the long-term impact of the client’s performance can be significant due to added costs of profit sharing.

Thus, the popular psychology behind the profit-sharing model claiming that you pay only when you earn profit looks good only on paper. Another challenge that the followers face is when they have more than one account or more than one leader that they are following.

Assume a follower follows two leaders where one leader makes money while the other loses money wherein a cumulative aggregate P&L stands negative. In this case, the follower will share a portion of their gains with the winning strategy leader and incur no fees for the loss accrued on the losing strategy. Again, this does not justify a fair scenario for the follower.

Taking all these scenarios into consideration, ZuluTrade is set to make significant changes in how followers are charged. The company will drop the profit-sharing fees from the follower’s account as of 1st January 2023 and effective immediately no one will be able to open a new profit-sharing account. ZuluTrade will also drop the $30 subscription fees being charged to profit-sharing accounts and make it Zero.

Tajinder Virk, CEO at ZuluTrade, said: “Finvasia is known to create a value-driven system and has revolutionised the Zero-commission ecosystem. This move further cements Finvasia’s efforts in pioneering “Zero commission” business models. We are working towards creating a platform that is democratic, peer-to-peer, transparent and ethical. Everything will be right there for people to analyse and make informed decisions.”

Adding to the comments, Sarvjeet Virk, Co-Founder of Finvasia Group, said: “We are happy with the direction that ZuluTrade is evolving towards, and I see significant changes coming in the months ahead that will put our investors at the centre of our product.”

To find out more, reach out to marketing@zulutrade.com.

Last Chance to Secure Your Early Bird Pass for iFX EXPO Dubai 2023

The fintech world is getting ready for the next iFX EXPO Dubai edition that will take place 16-18 January 2023 at Dubai World Trade Centre. With booths and sponsorships booked in a record time, this show is expected to be the largest iFX EXPO event ever held in the MENA region.

iFX EXPO Dubai 2023 will host 40% more exhibitors than the previous Dubai edition and will welcome around 3500 attendees from all over the world.

During more than 10 years of its illustrious history, iFX EXPO has brought together more than 2000 exhibitors and over 50 000 attendees from across the globe. The show has gained remarkable traction as an indisputable event benchmark for business networking and collaboration, distinguishing itself as a must-attend expo for industry players seeking growth opportunities in the financial and fintech space and willing to keep abreast of the most ambitious developments spearheading the future of fintech.

What to expect

The industry has shown an unprecedented interest in the show, having started to book sponsorship and booth slots long in advance. Exness tops the list of proud exhibitors and sponsors as the Official Global Partner, followed by industry giants such as ZuluTrade, MultiBank Group, B2Broker, ADSS, OneZero, and many others. The full list of iFX EXPO Dubai 2023 exhibitors and sponsors can be viewed on the official website.

During 2+ days of the expo, the industry professionals will meet with clients and colleagues from 120+ leading brands, discover new business opportunities, engage in insightful content from 100+ industry experts and discuss business in a casual setting at the iFX EXPO legendary parties.

iFX EXPO is the ultimate destination for the fintech industry and a perfect platform for global business collaboration that brings together industry leaders from all over the financial and fintech space:

· Technology & Service Providers

· Digital Assets & Blockchain

· Retail & Institutional Brokers

· Payments, Banks & Liquidity Providers

· Affiliates & IBs

· Regulation & Compliance

What past exhibitors had to say about iFX EXPO

It’s an incredible opportunity to meet amazing professionals from the industry, as well as engage in business with companies that are truly looking for solutions.

Harel Falk – VP Sales & Business Development, Solitics

The show provides an invaluable opportunity for us to meet potential and existingclients, get newbusiness opportunities, learn about new products and trends, meet business partners, and showcase all our latest products.

Arthur Azizov, CEO of B2Broker

For us, one of the best things about events like iFX EXPO is the chance to get up close and personal with industry professionals and gain new and meaningful face-to-face connections with new and existing clients from around the world.Exclusive Capital

Register Now to secure your Early Bird Pass

Take advantage of the Limited Time Offer and get your Early Bird Pass for iFX EXPO Dubai 2023. Register now to get access to 2+ days of unlimited networking, admission to Speaker Hall and Idea Hub, access toSponsored Food & Beverages and Business Lounge Areas, as well as to exclusive networking parties.

Don’t miss out, join the event that sets trends and shapes the future of the fintech industry!