Author: rcanessa - Page 18

SEC is willing to promote tokenized shares on blockchain, says its chairman

Clayton views tokenization as positive as long as it is registered with the SEC. Blockchains will be “the internet of finance,” according to Brian Brooks, Comptroller of the Currency The Securities and Exchange Commission of the United States (SEC) would have the disposition to promote the tokenization of shares through blockchains. This was stated by the president of the SEC … Read more

Expanding Triangle – How to trade with this price pattern?

by rcanessa

What is the expanding triangle pattern? The expanding triangle pattern, also known simply as expansionary formation, is formed during periods of very high market volatility, with many price oscillation and a not very clear trend. With each swing the pattern expands further, forming two opposite trend lines. An expanding triangle consists of a series of swings that widen as price … Read more

These are the prices that bitcoin needs to reach Visa, Amazon, or Apple

by rcanessa

Bitcoin compared with Facebook, VISA and Apple

Bitcoin could be measured against the greats names of the corporate world, given its growth potential.
To catch up with Apple, Bitcoin would have to grow 10 times. A 60% boom would bring it closer to JPMorgan.

While Bitcoin is still on the scale of a midsize corporation, with a market capitalization of about $ 200 billion, various studies rate it as undervalued, and with enormous potential to grow as a safe haven asset. In the various growth scenarios, Bitcoin can challenge giants like Visa, Facebook and Apple in market value.

In the study on Bitcoin as an investment, published on Monday, September 21, Ark Invest analyzed several strengths of bitcoin, including its conditions as a store of value asset or its anti-confiscatory potential. By analyzing the scenarios of maximum development of these strengths, Ark Invest concluded that the capitalization of Bitcoin could reach between USD 3 trillion and USD 5 trillion in the next decade.

Useful Forex Trading Tools

by rcanessa

Experience is a guarantee of successful trading outcomes. Though when you are just starting, or want to understand the peculiarities of the market and exercise all possible resources for your improvement, you need to pay attention to trading tools which will bring you only benefits. The most appealing advantage of these tools is that they save your time! Let us go through three reputable useful tools to enhance your trading performance level, save time and increase profitability.

CM Trading Forex Broker Review 2022

by rcanessa

CM Trading – STP broker from South Africa specialized in Forex and CFD-Tight spreads and low commissions Visit Broker Website CM Trading – Forex Broker Review CM Trading is an online Forex and CFD broker that was founded in 2014 in South Africa. As such, the “CM Trading” brand is currently owned by Global Capital Markets Trading and GCMT SA. As … Read more

Calculate the risk of ruin (or probability of success) of a trading system

by rcanessa

This is probably one of the most important articles for long-term success in trading that I have written so far. If I am not mistaken, this is the first time I have written about it, although the issue of risk of ruin is of the utmost importance in achieving long-term profitability. It is about evaluating, objectively, the risk I have of losing a certain percentage of the capital dedicated to investment and trading.

We have talked a lot in the past about drawdowns in general and in trading systems in particular. Specifically, we have explained the concept of the historical maximum drawdown as a risk measure of any kind.

When using a trading system in Forex and in other markets we must be able to answer two questions:

With a certain capital, what risk do I have of suffering catastrophic losses in the system/portfolio due to lack of funds?
If I want to risk only a certain capital, what probability of success do I have in the long term?

They are two questions that come to express the same thing, the relationship between the probability of long-term success and the capital available for the system/portfolio. Naturally we all know that the more we put in, the better, but it is about optimizing the use of money, right?

Trading System Based on 4 EMA Crossover

by rcanessa

The trading strategy that we present below is a system based on the crossover of 4 exponential moving averages (EMA) of 5, 10, 20 and 50 periods. In this sense, it is no different from other similar strategies, but includes indicators such as the RSI and stochastic oscillator to measure market momentum, which allows the trader to confirm the reliability of the crosses. We should recall that in trading systems based on moving averages crossies false signals may occur and therefore it is important to employ means for filtering signals.This system also includes a custom indicator for Metatrader 4 (EMA/EMA Cross Indicator) which serves to signal EMA crossings.

The system and its rules are quite simple as discussed below. As always we recommend trying the strategy on a demo account before risking real money.

World Trade: a key sector in the economic recovery from Covid-19

by rcanessa

While in 1970, trade represented about 29% of the world’s gross domestic product (GDP), as of 2018, it exceeded 60% of world GDP. At the beginning of the 15th century, with the arrival of colonization and the discovery of America, what began as a commercial phenomenon that we call triangular trade, became, over time, the seed of what we would … Read more

Tickmill Broker: Platform, Regulation, Deposit | Complete Tutorial

by rcanessa

In this guide of the Forex broker Tickmill, we will learn more about this company. Among other things, we will explain how to open a practice demo account with this broker and how to manage its Metatrader 4 trading platform, one of the most popular and widespread platforms in the online retail financial world. You can find more information about … Read more

China’s digital yuan to be regulated as M0 money

by rcanessa

Once the new currency is issued, it will be classified as M0 (cash issued by the central bank).
Everything indicates that the government refines details, but there is no official launch date yet.

The digital yuan will meet all the requirements to be accepted as legal money and will have all the functions of China’s fiat currency. It will also be regulated like cash. This was pointed out by the vice president of the Central Bank of China (PBoC), Fan Yifei, in a recent publication.

According to the vice president’s opinion article, published on September 14 in the local media “China Financial News,” China’s new central bank digital currency (CBDC) will circulate as M0 (money issued by central banks). This fact means that it will be part of the supply of paper notes and coins of the Asian country, and as such it will be totally controlled by the central bank.

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