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Here's some trading advice from a fellow trader

I currently manage around half a million dollars and have been trading for 6+ years with 3 years of consistent profitability. Paid for my trading lessons the hard way by losing a lot of money at first. Here's some advice that might help you.
1) Treat trading like a business. I know you probably heard this 100 times before but I feel like I should emphasize this point. Majority of traders overestimate their ability to make money and underestimate their risk exposure.
2) Think long term. The more complex your trading system is, the less freedom it has in terms of flexibility because of too many variables in your analysis. So, keep your trading system simple.
3) Do not rationalize or predict the market. Do not look for comfort in your strategy. In fact, do the reverse. Find comfort in the thought that markets are chaotic and there's always a good chance of you losing a lot of money. This should keep you up on your toes and controls your greed during a profitable streak (You are not a money printing machine, trust me. )
4) Every trade you open should be assumed as a loss. This is very important in terms of having a healthy mindset towards managing risk. I never open a position based on how much money I can make. I do it based on how much I can afford to lose in this particular trade.
5) Biggest mistake I have observed while working with other traders is not doing their homework. If you don't plan your trades before the day even began, then you will develop a mindset of chasing the market which will lead to your downfall. Which brings me to my next point
6) Maintain three things - a) your daily trading notes that you read before you begin trading b) market observation notes which includes particular strategies and observations in specific markets and c) a full fledged trading journal where you record everything you traded. Always remember that majority of your trading work is done when you're not trading.
7) Journaling is the most important and also most neglected part of trading and most traders, including some very good traders do it in a wrong way. How do I know that?
Let me ask you something : Tell me about what kind of trading setups were the most and least profitable in the last 100 trades. Explain them to me in detail including your analysis and opinion on what you think might have happened.
If you can answer this in detail and with specific examples from your last 100 trades then I know you have a good journaling habit. If you cannot , then it's time to improve on your record keeping. Remember that your journals are the only way you can guarantee that you will grow as a trader.
8) Remember this no matter what - Not having a position in the market is itself a position if you know what you are doing. There's no need for you to always trade all day everyday and try to make money. In fact, I can guarantee you that markets will not always behave according to your trading system and during those times trying to "find a needle in a haystack " type of behavior is reckless and will take an emotional toll on your mind. Just sit on the sidelines if the market isn't moving according to your system.
9) There's no thing as overbought or oversold scenarios especially in forex. Heaving a bearish bias because the market moved up by a lot is just ridiculous and most likely guarantee that you miss out on bullish scenarios. If you start developing a bearish bias after a huge bullish move then you better have a damn good reason for it instead of just saying " It moved up by a lot so I'm expecting a reversal".
10) This one is a personal opinion. Always remember to take breaks and relax during the weekends. Managing stress while maintaining performance is a huge part of the job and I don't want you to burn out after a few months of serious trading everyday. Maintain a decent social life outside of trading to keep your sanity intact. Get some hobbies. Your health and well being is very important to your long term performance as a trader so don't neglect it.
submitted by mechz21 to Forex [link] [comments]

Why I Think The Emphasis On "Strategy" Is So Misplaced

This is a recurring theme that's come up in people reaching out to me via DM. I'm getting asked a LOT about my 'strategy' and getting requests to review your strategies / trading plans, so I thought I'd bang out a post here as a sort of catch-all. It got to the point where I was copy / pasting the same reply to a number of people.
Strategy is really important. You definitely need a cohesive strategy or set of strategies that help determine what gets you in and out of trades. I personally run a mechanical trend-following system in addition to my discretionary style of trading. Even my discretionary style of trading however, is viewed through a framework that gives me consistent structure to follow on trade after trade.
Now that I've gotten that point out of the way, here is my next statement:* Strategy is COMPLETELY USELESS without having a thorough and expert understanding of the markets in the first place*
Here's my analogy: let's say you really want to get into the fast food business. Now let's say you're fairly smart and you realize that your best chances for success are to buy into an established franchise (McDonald's, Taco Bell, KFC, whatever). Now here's the kicker, who do you think is more likely to succeed at running this franchise? Someone who has worked within the industry their entire lives and knows it inside and out, versus someone with no industry experience. Okay, okay, that question is completely rhetorical; it's obvious who has the edge here.
Trading is no different, and it's why buying a course or finding a guru has let so many of you down so many times before. You're trying to follow an established plan (one that has in fact quite possibly brought success to whomever is selling you their wisdom), but without an expert understanding of the industry you are participating in.
If you reject my premise that knowing your shit when it comes to the macro side of things is important, that's fine. Let's take what seems to be the dominant retail route of pure technical analysis. If you don't know technical analysis inside and out, you are not setting yourself up for success when you buy a course (or even read through a free one like BabyPips). After doing a rough search for Forex courses, I haven't found any technical ones (maybe apart from Adam Grimes. I like Adam; don't know the guy personally, but know of him through colleagues) that actually teach you about technical analysis and not just are feeding you a strategy.
My entire point here is that if you don't engage with the nuts and bolts of the arena in which you're competing, you are at an inherent disadvantage. For example, I've talked to a trader that had Stochastics, RSI, AND MACD on their chart. What is the point of having 3 momentum indicators apart from enjoying a gratuitous circle jerk of redundant 'confirmation'? But this trader didn't know the math behind the indicators, what makes them similar and different, how they can be applied. If they did, then maybe they could have explained in greater detail how having those 3 gives them a defined edge.
My favourite example of a trader who 'knows their shit' is Thomas Bulkwoski. I don't like his style, but you can't deny he has done his homework. He has dived so deep into chart patterns that from memory he can quote you various failure points and success rates for individual patterns. He has meticulously studied what works and what doesn't, and can explain the WHY behind all of that.
If you don't know your shit, you will eat shit. So know your shit! Once you know your shit, then it becomes far easier to strategize.
End of rant :)
submitted by ParallaxFX to Forex [link] [comments]

Top 5 tips for better online trading. What yours?

Forex, Cryptocurrency and stock trading are all can be a great way to make money online, but it is not easy if you do not have the right tools and knowledge.
Profitable trading requires patience, planning, and practice for more than several days.
There are some basic hacks that can help you find your footing in the market a bit more quickly and firmly, and we’ll list them below to help you get started.

1. Find yourself

There are so many different strategies, techniques, and methods to trade, you must choose the right one that will be fit for your distinct personality. If you’re an impatient person that is looking for fast profits, for example, consider to be a short-term trader instead of a long term one, as you may find yourself itching to close the trade before the best (or right) time.
If you’re a morning person, make sure you don’t choose a strategy that will operate mostly during your night hours, as exhaustion may compromise your decision-making abilities.
Think about yourself while thinking about your strategies – this self-understanding will pay off in the long run and can help you to be a better trader.

2. Use your brain not your hart

To make sure you make the right decision based on real knowledge and not on the basis of emotion, you should always check your trading history- how many winning trades do you have? How many losing trades do you have? Then you can realize that it is impossible to beat the market 100% of the time and if you took a bad trade - close it in loss, it’s way better than close it after 2-3 days with heavy loss.
Think your strategy isn’t that good? Change it but also give it time, a trading strategy can’t be measured based on 1 or 2 trades, not even 5.

3. Be Liquid

One of the most common mistakes made by novice traders is the lack of liquidity.
When you trade online, you must calculate the position size compare to your available balance (Total balance - Open positions). Most traders take over-size positions that put their entire account at risk, for example, execute $500 EUUSD trade when there’s $1,000 in the account meaning, 50% exposure in the first second of the trade. If the trade will go against us, we will not be able to think clearly and take another trade to recover during the day.
It’s always better to use 1% - 5% of the account balance at any given time = all the open positions together.

4. Do your homework

The best time do your market research is over the weekend when the markets are closed or before your daily trading session started when you are not in a hurry or following on-going trades. Pay close attention to the news, what happened the previous week, and if anything is expected to happen in the upcoming week.
If there is a very important event on the economic calendar such as interest decision with great expectations of change, important report, election or any other high-impact event - it is better to wait a few hours after it’s all over and then- continue trading.

5. Blindly Following Robots \ Automatic Trading Systems

If you find a way where you can't lose and success is guaranteed, will you share it with someone? of course not! Same with automatic trading systems that offered to the public.
A computer and software can provide important information about the technical and fundamental characteristics of a specific stock, currency, or any other tradeable asset, However, many traders make the common mistake of relying too much on these tools without a full understanding of their capabilities.
There is no easy money in life, no one can guarantee you profits without risk, the only solution we have is to learn how to do it properly instead of searching for shortcuts that can cause us heavy losses within a short period of time.
submitted by EducationFxAcademy to Daytrading [link] [comments]

Errors that should be avoided in trading

1. Expanding the Losses

The fruitful brokers have the capacity to assume control over a little misfortune quickly if the exchange doesn't work out for them. From that point forward, they move to the accompanying trading plan. Yet, the ineffective dealers couldn't get over the misfortune. They don't make a fast move to cover the misfortune. This inaction may bring about boosting the misfortunes.

2. Not Able To Execute Stop-Loss Orders

Numerous brokers neglect to execute these stop misfortune orders which is a serious mix-up. This trading botch is where a broker scratches off a stop request on losing an exchange preceding it tends to be enacted as the person believes that the security is arriving at a point where it will modify course inevitably and engage the exchange to regardless be gainful.

3. Not Doing Homework

The money sets are associated with national economies. They are influenced by certain components. These are every now and again exchanged. Prior to going into the exchange, it is basic to do schoolwork. A merchant needed to gauge in which heading these occasions would come into the business sectors. In this manner, it is basic to focus on taking a gander at the Forex Trading Alerts/Forecast.

4. Gambling a Lot of Cash

The fledglings, as a rule, commit this error. In Forex trading, it is critical to comprehend how influence will function. You need to take a gander at the edge and influence. Thusly, you will have the option to abstain from putting more cash in danger than you have arranged.

5. Going overboard

Going overboard is a typical mix-up which pretty much every Forex dealer makes once. Each merchant can't make an incredible broker every day. It is essential to acknowledge the misfortunes while staying on the course that you have made.

6. Try not to Limit and Stop Order

It is beyond the realm of imagination to expect to take a gander at the Forex advertise 24 hours. Accordingly, you need to constrain and stop the request which can help you to get out and in the market at prearranged costs.

7. Try the best forex site

Use best forex signals for trading forex signals, you can search some trusted forex site.
submitted by Andrew-Mark to u/Andrew-Mark [link] [comments]

I’m starting to hate myself because my lack of self discipline and I still can’t seem to discipline myself

I like to think that I have my life sorted out but in reality it’s not true. I don’t always take good advice people give me, I’m very confident in my intelligence and common sense so much so that I became one of those smartasses that nobody likes but I’m not like that often only in certain situations like debates etc. I’m disciplined enough to be respectable and a decent person to the outside but looking at myself I realize I have no self discipline at all.
I constant find myself playing games instead of doing my homework. I can’t even follow rules that I set for myself. I set my own time to go to sleep and my parent is fine with it but I can’t even stick to it. All it takes for me is just a question and I’ll completely break any rule that I’ve set for myself for my own benefit. Recently I’ve started to be more on top of my organization and cleanliness keeping my room clean almost always now but it isn’t always organized and I always eat in my room because I can’t seem to eat in the living room like a normal person which caused a cockroach to come in my room. mind you I’ve only ever seen a cockroach in this house three times so we don’t have any cockroaches but that made me disgusted to find it in my room so I told myself I wouldn’t bring food in my room anymore. Maybe a month goes by and I start doing it again and now the fourth time I’ve seen a cockroach in my house and again it’s in my room but even worse it’s on my backpack that had no food in it! At this point I’m not only disgusted but I’m started to actually hate myself because I can’t stick with anything!
I have daily affirmations I want to say everyday I even set a reminder on my phone for them and I don’t say them. I have a forex trading course that I’d really like to finish because I’ve had it since LAST YEAR and I still never got past the second chapter! I have drivers ed course I need to finish, there’s so many things I have to do for my own BENEFIT and I still can’t do them! It’s driving me crazy. I start getting mad at myself so many times and every single time I revert back to my undisciplined self and it’s really starting to fuck up my mental. PLEASE someone tell me how I can help myself cause if I don’t I’ll be going down a very dark path.
EDIT: Before anybody says anything no I’m not really dirty just really disorganized sometimes.
submitted by civilglory to Advice [link] [comments]

Convert currency to cow

This article actually addresses the special role that the forex market played in commodity trading during these bearish times. Many traders trapped in commodity play have recently lost much of their confidence in traditional markets and with the big names stuck or constantly falling, they need an alternative solution to put their money in.
Read about pound to rupee pakistan
The Forex market is a kind of unique preposition and this is because under normal circumstances it offers a more dynamic and risky measure of investment compared to normal commodity markets.
See also pound to inr
But during this time, this type of volatility is welcome and, combined with the liquidity and freely available nature of the market, offers a viable way for investors to ensure that their money continues to grow even in these difficult economic times.
Checkout euro to pakistani rupee
One of the factors that has made this possible is the fact that the Forex market, based on the law on the currency calculator, is a zero sum game, which essentially means that there will always be a winner and there will always be a loser to be.
Read also eurinr
It is a market that rewards those who do their homework, and this is more than the commodity markets where some factors are beyond their control. Add to this the legislation-free nature of the market, combined with a physical trading floor, and you have one of the most popular markets that are traded in these times of recession. This makes the market your money cow.
See donation for cars
submitted by mehtabmk to u/mehtabmk [link] [comments]

10 tips for Investing (A guide from a newb)

Hello all.
I will make this quite frank. I've been noticing dangerous advise being spread around the forums that is based too much on hype and I do not want the layman investor to suffer. We are all here to profit intelligently, not to gamble. So I would just like to offer a few tips to new investors of stellar. I am not a stock professional but have ties to the finance industry and have dabbled in forex and investments. I got burned so that you don't have to, so heed my advise. Especially since I have institutional friends who have helped me along the way (think Goldman, BNP, JP, etc).
Tips:
1.) Do not over-diversify your portfolio but pay attention to exposure. Investing is all about the risk-reward ratio. Greater risk does not always mean greater reward. For example, I have 80% of my portfolio in traditional investment vehicles like real estate investment trusts, stocks, bonds, and exchange traded funds. 20% is for cryptos however this is what I consider my 'play' money since cryptos are a very young market, that is based more on potential rather than value (you can't gauge the financial health of crypto using traditional tools like cashflow analysis or price/earnings ratios). I think cryptos are incredibly valuable but going all in especially with the inflated nature of bitcoin, would be dangerous for any of you, so I would suggest you diversify between traditional and cryptos.
2.) Reduce crypto risk by analyzing competitors to your alt coin. As I said before, do not overcompensate this diversification but bet for and against a crypto. In forex institutions use this tool to limit exposure to currency volatility. Imagine you go long GBP/USD, then you should naturally short GBP/CAD to a degree in order to limit exposure, but maximize growth potential. In the crypto world crypto pairs aren't really traded so they are illiquid markets, but I would suggest hedging a bit of stellar with XRP and even bitcoin. With this strategy I have been able to mitigate my losses from the recent stellar drop. Picture cryptos as a ranked list with the most valuable on top and the worst in the bottom. If BTC is on the top of your ranked list and XLM is in 3rd place but XRP is in 2nd place, then short XRP/BTC and go long XRP/XLM. I know these pairings don't all exist but it's to give you an idea how to think about the market.
3.) Support and resistance is important for technical analysis. The way you determine this is simply by seeing the area where past price action has not been able to surpass (resistance) or where past price action has not been able to drop below (support). Usually when a support or resistance level is tested multiple times it becomes stronger. However, there are ways to guess how breakouts are formed. See the chart below.
https://imgur.com/u9r2e0c
In the chart you have what is called accumulation. The price keeps testing the 400 resistance mark, making it a stronger barrier, however every dip in price is higher than the proceeding dip. This signals that there is a solid accumulation that will result in a break out. Just because a price level is tested multiple times does not mean there is a break out. You need to usually have such an accumulation phase (think of the imagery of stairs). In the same chart you can also see the price has not been able to really go below 400 because it is the new support level and the more it tests it, the stronger the barrier will become.
4.) Statistics has a fine way of helping us in our journey. My best friend is a mathematician and was able to offer advise on statistical trend setting. He stated that the longer the trend is set, the higher probability that it will keep going in that direction. Sounds obvious right? Well there is some truth to this but this goes right to my next point.
5.) For every second and moment you have a position open you increase your risk exponentially. This is why high frequency trading exists. So I am trying to offer a nuanced point that while trend continuation is statistically likely, so is the exponential increase of risk. These two last tips are particularly for leveraged traders.
6.) Be creative. Try to implement value investing criteria on cryptos in order to assess the true value of your chosen currency, whatever that may be. It can truly be difficult for ones like Bitcoin but for centralized cryptos like XRP and non profits like XLM it isn't too difficult. I saw an investor here requesting stellars financial statements and had a slight grin. That is the type of investor you should be. Vigilant, because more than making money, we should all be focusing on protecting money. Do not be greedy, because you will be susceptible to hot tips and emotion. Make 'preserving' your capital a priority. As long as you are gaining above inflation, all of you are winning. And now...
7.) Luck number 7! Anyway, buying on the dips is a great strategy, especially when it is testing a support or resistance zone that has been tested a bit before. Buying into a dip in a zone that has only been tested once is a bit risky. You want to see a form of sustainable accumulation.
8.) Do not simply invest in a crypto purely based on the dip. I will admit I have done this sometimes to an extent and it is okay. But the point of this post is to encourage you to do your homework and measure valuations, based on market volume, liquidity, technological announcements, and financial statements. The reason I sometimes partially ignore this is because I usually enter investments to hold at least 8 months -1 year minimum.
9.) Centralization and decentralization do not matter in crypto. I know XRP gets hate and I'd prefer stellar lumens, but that is not purely a reason to not invest in a currency. With centralization you get more compliance and regulatory oversight which marks higher security in investment. Cryptos are amazing, but with institutional involvement, this is an important case to make.
10.) Governments do not have conventional ways to regulate cryptos, but they do have tools to manipulate the market, so be attentive. All it takes is one major country to become heavily involved, in order to ensure a large price drop.
11.) DO NOT SHORT! I REPEAT DO NOT SHORT! Leave this to the professionals. Whereas with buying a currency you have a limited downward risk (you only have the risk to lose all your money), with shorting you effectively have no price floor to limit risk and exposure since the price theoretically has unlimited growth potential. If you decide to short stellar at 0.10 cents then you can lose all your investment and even be in debt (depends on leveraging), because the price can go anywhere from 0 cents to infinity. When you buy, you limit your risk to 0 cents which is where you lose all your money, but maximize growth potential which is technically infinite. This plays into the concept that the longer you have a position open, the greater the exponential risk.
I hope you all enjoyed my guide. I am by no means an expert and am new to cryptos, however I've had associates involved for longer and friends that are also in finance (I worked in the back office of a private equity firm even though that wasn't glorious).
submitted by Austerlitzer to Stellar [link] [comments]

Non-attentive, part-time jobs for college students to do homework?

Hello!
The situation: I am currently a studious college student, doing lots of homework, working with professors and fellow colleagues on market research towards a startup. This involves a lot of time writing down notes, sending emails, and reviewing the market. I have been living off of loans and money from part-time jobs, which I am looking to quit in order to devote time to the startup.
The problem: I am not getting paid yet! The startup is in its “customer discovery” phase. As a college student who has lived off of loans, I need more money to pay for my living expenses till the startup proves profitable.
Where I need advice: I’m currently looking for side jobs that will pay me to do minimal work and very inattentive. I do not mind the pay, as long as I get paid while I do my own research and homework.
Other things to note: I am familiar with Forex, Stock and Cryptocurrency trading, though it requires capital, which, is being used for rent. I am also familiar with Uber and Rover, though, I would prefer a part-time that is more “inattentive” rather than “working-on-my-own-time”. I have a friend who works at UPS and she does homework there and trades forex there because of a lot less traffic!
Help!!! Do you have any ideas on where one can get paid to essentially do their homework (very inattentive job)? What is your experience with this situation?
submitted by bjtbtc to personalfinance [link] [comments]

I Kinda knew where the market is going last week, but lost money anyway.

I have been in the Forex market about a year and half and most of that time i was trading a lot of strategies based on divergence as i believed is a strong indicator to predict where the price is going.
after many strategies from different forums i came up with my own trading strategy based on Divergence also.
I traded on demo until i doubled my account then went live, got +20% in the first week trading live, then i don't know what happened and my account balance went in a down trend. tried a lot of other divergence strategies a long that trend until the account is near to be 20% of the original balance then i decided i should analyse the market like the big forex boys on instagram who trade 100-250 lots and make a lot of money every week.
so i done my homework analyzing on tradingview and most of the time i knew where the market was going but still lost another 10% of the account.
I don't wanna stay in that try and error loop for too long, i will share my analysis with you guys and i hope you can review it and tell me what i did right and what i did wrong and how to enter a trade at the right time based on my analysis, where to put my stoploss and takeprofit.
album with the pairs i traded last week : http://imgur.com/a/lxThw
I put the trades as i took it on the charts so you can review my entries and tell me where should i entered right.
I analyze based on my experience and round number S&R from 1D & 4H charts and Fibos.
Edit : I enter the trades based on price action
Edit 2: formatting
the yellow circles and pink lines are all drawn last weekend before the trading week starts
thanks
submitted by PhDinWastingTime to Forex [link] [comments]

Beginners start here

Hey everyone. A while back I made the decision to moderate this subreddit because I was once in your shoes. I honestly did not know where to begin. I would type in “daytrading” in google and come up with so many companies trying to sell me the dream. “Make $$$ while you sleep!” “Look at how much I made today!!” etc. I wanted to make this post to first give new people a place where to start and to even offer some resources that can get you started in the right direction. If I have anything else to add I will add it here.
  1. Open up a papertrading account with Think or Swim. It is free and you can get live data just by requesting it from support. All you have to do is ask them to add live data to your papertrading account. Do not pay monthly for any papertrading account. There are a lot of free videos out there that can help you get started with Think or Swim. The program looks complicated at first but it is very powerful. I spent a few days with the program and at the end of the week I was fairly comfortable with understanding where everything was. I have never had a 60-day limit with my papertrading account by the way. https://www.thinkorswim.com/t/pm-registration.html Start here and start taking trades! It is all fake money and will give you some insight into how the program works as well as how the markets move.
One other tip for setting up your papertrading account is to only set it up with a reasonable amount of money. I know a lot of papertrading accounts give you 100k right off the bat but realistically, how many of us are going to have that much money to start out with? Set it to something more reasonable like 10-20k if you are trading forex (or even less if all you have is 1-5k to trade with) or 25k+ if you are going to daytrade stocks only because the regulations require you to have at least 25k in your account at all times to daytrade (In this case, I would probably give yourself 30k just to be safe).
If you are looking for a stock screener, ThinkorSwim has a pretty good one. A personal favorite of mine is www.FINVIZ.com which has an awesome screener for finding different chart patterns and conditions (such as prices crossing above 20 bar EMA, trending up, etc)
Think or Swim has stocks, forex, futures, and options. Options are an entirely different beast all together but stocks, forex, and futures are all "yes-no" type of trading while options give you a little more leeway with your mistakes. If you are interested in learning about options, message me and I can help guide you with the right direction and best resources I used to learn options.
EDIT: Due to the amount of PM's I was getting, I have decided to post the options course I started with here https://www.udemy.com/learn-options-trading-courses/ You shouldn't pay more than 10 bucks for it as Udemy does a ton of sales throughout the year. You can also just do a "Udemy coupon" search on google and see what you pull up. Its about 10 hours worth of content and in my opinion it is worth every penny if you are wanting to learn more about options. There are a ton of other great classes on Udemy as well for learning just about anything. Just make sure to read the reviews!
Stocks is kind of the well known market for new comers but I would argue that Forex can also just as easily be traded by a newcomer. Also the benefit of trading Forex is that there is no commission off the bat. Most brokers will charge what is called a spread of some number of pips that you are essentially paying back.
Futures trade in ticks and each tick nets you a gain of some amount or a loss of some amount so I do not suggest any new person to jump into futures until you understand the way markets work. Futures charge commission on each contract you buy or sell. It can be sort of related to Forex since a tick and a pip are essentially the same.
The huge benefit to trading Futures and Forex is that there is NO pattern day trading rule. This means you can buy and sell as many times as you want without being flagged for not having 25k in your account.
  1. Tradimo is a great resource for getting your feet wet with technical analysis. It is free and shows you the ropes with how you can start looking at prices and charts: https://learn.tradimo.com/courses
  2. If there is ever a company you want to pay to help you learn, please do your research first. Type in the company’s name along with “review” at the end of your search and make your educated decision off of that. A lot of these companies have amazing advertising but will never teach you the right way to trade. A lot of them are scams too. I read that there was one trading system which the guy had the secrets of the “code of trading” and only he knew the code but would sell it to you for hundreds of dollars. So many people come into trading with high expectations that if I just pay this company to teach me, I can be like them when in reality that may never happen. Always look at their testimonials with a grain of salt. Read the reviews just like you would on amazon for buying a product. I also like to type in the company's name and add "scam" at the end to see if I get any hits on that. Read the good reviews but also the bad to understand the bigger picture here. Very few will actually teach you how to trade. Also, Reddit is a great place to read up on things like this too. Just add "Reddit" at the end of your search and read up on other users reviews.
Investimonials is also a good place to use as well (but do not use it as your only review source!!! Fake reviews are everywhere) http://www.investimonials.com So before you drop that 1-2k on a course, make sure you do your homework. Don't be fooled by smooth advertising.
  1. A high probability indicator or a holy grail strategy is not out there. If it was, everyone would be using it and making money. And if there does happen to be one, do you really think anyone will want to share it? The only way to get good at trading is to be able to read the charts and read where prices are going. This is through support and resistance and understanding channels. I cannot recommend Mack’s price action YouTube channel enough. https://www.youtube.com/usePATsTrading I am a firm believer that price action is the basis for understanding price movement. Reading an indicator may help but you should not rely on solely indicators to guide you with trading as they may give you a signal to buy when you are at a major resistance level or sell when you are at a major support, both of which could burn you.
  2. My only other advice is to look into markets that let you maximize profits. For some, it is not possible to buy 1000 shares of Apple. While trading low priced stocks lets you buy hundreds and maybe even thousands of shares at once, those stocks are too unpredictable because they can be influenced by individuals who do what is called a "pump and dump" schemes. Plus they can be difficult to read as far as what they are going to be doing next (going up or going down). My recommendation (and it is only my recommendation so only use this as guidance to make your own decision) would be to look into trading forex if you do not have a lot to start out with as some brokers (like FXCM) allow you to buy "micro" lots which let you invest as little as 100 dollars in some cases and have a much better chance of working in your favor due to the amount of people trading the same instrument. Note: There are some discussions about forex market makers adjusting the markets so you get stopped out prematurely. While I have not experienced this, it could theoretically happen? So if you do decide to trade Forex make sure you pick your broker carefully and again read the reviews!
EDIT: I have read that what I mentioned above about Forex is outdated and the brokers are under stricter regulations. Do your own investigation and do not let what I said steer you away from trading forex if you really want to. The big Forex brokers you are able to open an account with in the US are FXCM, Oanda, and Forex.com. You have a lot more options if you are in another country.
EDIT 2: Well it looks like FXCM may get banned from having clients in the US. Apparently they took some trades against their clients to profit on their end and have been using clients accounts to fund their extra expenses. Tread on your own risk.
  1. Above all, do not invest money that you are not willing to lose. I cannot emphasize this enough. Work on a simulator until you feel that your strategy works. This means putting in the time to sit down and analyze every trade you took which worked as well as the ones that didn't work. You need to go back over your mistakes and review why your trade did not work the way you thought it would. Was it because you bought at a high and sold at a low? Was it because you bought at a major resistance level thinking the stock would still go up? Was it because you were impulsive and entered in too early? Was it because you were too slow and entered in too late? This is the most important part about learning how to trade. Putting in the time and work to analyze what you did right and what you did wrong. You will never get better if you do not do this.
  2. Consider subscribing to a free daily financial newsletter such as The Morning Brew. It’s a free subscription that is delivered Monday through Friday to your email before the markets open around 5-6 am central time. It summarizes the big financial topics of the morning in short easy to read sections that you can read over a cup of brew.
I wouldn’t say this is essential for daytrading but it’s nice to read if you are wanting to stay up to date on the financial markets as they will write about companies and stocks to look out for. It’s also not spammy or filled with ads though there are one or two that are listed as “sponsored”. They don’t typically put out a weekend read but instead send it M-F.
https://www.morningbrew.com/?kid=08944ba0
I want to make this subreddit not only as a resource for newcomers but also for those who wish to improve their skills with learning how to day trade. I do not want this subreddit to become spam and companies trying to sell dreams. We all need to keep a realistic vision on what learning the market entails because this is a journey. No one becomes a doctor in a day or even a week and you should expect the same becoming a trader. Making consistent money in the markets can be very challenging and most wont ever make it, but it can be very satisfying once things start to click and you can live a very different life if this ever happens.
submitted by KingPrudien to Daytrading [link] [comments]

Forex vs. Futures. Questions...

I'm thirsty to learn a new technical skill and trading is right up my alley.
However, I'm doing my due dilligance and will be paper trading for a long time while I study, practice and educate myself.
However the biggest question ultimately will be "What will I trade?" And I've narrowed it to E Mini S%P Futures or Forex.
The attraction to both is a) Smaller capital requirements, meaning I can persue this as a hobby and keep the bankroll still at a 'fun' level (5k or so to start I'm expecting) b) Simplified analysis - what I mean by this is I don't want to be hunting for stocks, or companies and doing hours and hours of research and homework every morning and at night.
I'm an obsessive guy and I'll 100% be the guy who can't put his ipad or laptop down because I'm still reading the latest business news.
Going with Forex I can choose one single pair and just become an expert of it. Futures is the same thing in that the S&P is one chart. That's it. Simple.
The time wasted hunting down company stock to swap can be used on working on a strong trading strategy, or refining my risk management technique.
However, between the two I'm having a much harder time figuring out where to go with this.
For the time being I'm relegated to web based platforms, so I'm likely going to try Oanda first since their web client is clean and quick. They offer all the big currency pairs, as well as the S&P E-Minis Futures board.
If I went with Forex, the currency pairs of most interest are either EUUSD or USD/CAD.
I'm not sure which way to go. Any tips or insight?
submitted by Crowside to Daytrading [link] [comments]

Best activities before starting Forex course?

I decided to take a formal class in Fx trading. Because the school has a formal system to teach, i prefer in the mean time not to read books or blogs discussing other how-to system.
What i would like to do in the interim is use my time (30 days approx.) to prepare familiarizing myself with anything that may contribute to the experience.
So far i have reviewed the material the school gave as homework to watch before the first day of class. The only other thing i can think about (besides rewatching the videos a few more times) is reading up on the psychology of trading (i have a copy of ‘Trading Psychology 2.0’, by Steenbarger, that i begun to read yesterday), and ‘playing’ with the app Forex Hero.
Anything else to start reviewing/studying for the next 4 weeks with the aim of making me a better student from day 1? Thank you all.
submitted by BronxLens to Forex [link] [comments]

Automated Forex Trading - Can Forex Robots Really Deliver What They Promise?

There are many benefits of retail forex trading. Many people choose it because it may not involve commissions or middlemen, or is a 24 hour market with high liquidity and very low barriers of entry. Along with these benefits, the forex market is surrounded by many myths. Some of the common myths are: Many people think that forex trading makes them rich in no time. But you need to understand that forex trading is just like any other speculative market, huge gains can occur but that is always accompanied by a lot of risks as well. And with any speculative market, long-term success does not come easy, rather a lot of hard work and dedication is involved. It is a very common myth that forex market is predictable. Many companies on the Internet and other media claim that they have found a scientific method, system, or indicator to predict the market. While it is true that some systems do show great returns for a limited period, the market is quick to dispose of these, usually within 6 months. Conventional wisdom alone would suggest the guy selling you a system on the Internet isn't using it himself - or why would he sell it? One of the most enduring myths about the forex market is that experts can guide the traders to untold riches. Again, experts can be a wealth of information, but seldom would any expert give away the golden goose unless it is not laying eggs anymore. And remember "experts" is a loose term where someone in a position of authority is usually placed on TV to decimate information with a hidden agenda. Just remember to second guess everything and do your own homework.
https://supplementdiary.com/proflexoral-review/ https://discountdevotee.com/physiotru-review/ https://binaryforexuniversity.com/tradecoins-com-review/ https://shockingtruereviews.com/prosper-wellness-cbd-review/
submitted by samsanjana to u/samsanjana [link] [comments]

#For Review: 'Intrinsically Tradable Tokens' (ITT's) are their own exchange

For Review: 'Intrinsically Tradable Tokens' (ITT's) are their own exchange

Introducing Intrinsically Tradable Tokens, ERC20 compliant tokens in which you can buy and sell directly from the contract.
Ropsten 0xa9e001bebe4b281f7229b0305f553ab3c511fef5
Live 0xa15c784319fa96d3E36cFE97fbadD89Ec704A8dc

ITT's extend the ERC20 API with:

buy(uint price, uint amount, bool make) sell(uint price, uint amount, bool make) cancel(uint price) withdraw(uint ether) 
and other ancillary exchange state getters (see Github repo for full API) such as :
etherBalanceOf(address holder) getBook() getOrdersOf(address trader) spread(bool side) 
The intrinsic exchange functionality works on a FIFO matching maketaker algorithm. A new order may be iteratively filled by multiple make orders on the book or if unfilled, can be put on the book itself as a make order.
ITT demo contracts have been deployed on the Ropsten test chain on which a number of Buy and Sell orders have already been placed for you to play with. The demo ITT and future, more functional ITT's can be can be interacted with using the front end DAPP ITTDesk.

Use Cases

This demo ITT serves to demonstrate the exchange functionality of a basic ITT contract and does not have much intrinsic value in the token itself beyond being a purely speculative coin.
The ITT API and base contract are open source and offered to the community in order to extend or attach value adding functionality to the token side.
As is, crowd funding and token sales become as trivial by simply placing ask orders (see Self Funding below).
Better still would be to extended ITT functionality to make a 'Payable ITT' which becomes a simple but highly versatile pay to an unknown many mechanism which can distribute payments according to proportional holdings. Such holdings might represent shareholders, a rewards system or perhaps be used to fund and manage a DAO's project funds. (I do have a Payable ITT but will not likely release it until the community has confidence in the basic ITT contract)
Other value adding developments might be to couple ITT's to fiat currencies for truly low friction decentralised forex.

Current State of Development

As deployed, the ITT Demo contract is yet to undergo extensive testing and formal verification. It appears to work as intended (unless compiled with 0.4.5+commit.b318366e! My first launch attempt drove me crazy until that bug was announced). The contract on both chains have been verified on etherscan.io etherscan.io.
The ITTDesk app is very much in alpha release, minimalist and clunky in it's function. It is written on Meteor and attempts to use Mist styling and elements. Probably best just to clone the repo and run it up in Meteor at this stage. It features intelligent ask/bid/buy/sell trade buttons to assisting in validating user inputs in the order fields.
I am not an experienced web developer, so feed back, suggestions, criticisms are most welcome. In particular, I've not been able to work up the filters without causing browser timeout.

How does it work?

The order book utilises a mapping of 'Circular Linked Lists (CLL)' from the LibCLLi library to order and lookup the booked prices and iterate the FIFO's at each price. Each FIFO in the mapping is keyed by its price and holds all the addresses of traders who have made orders at that price. A trader can only have a single order at any particular price. An attempt to book another order at the same price will adjust and put the order at the back of the FIFO queue. This prevents FIFO hogging in which a trader might otherwise starve other orders by continually topping up their own.
A second trivial mapping holds the actual order amounts. It is keyed by a SHA3 hash of the trader's address with the price of the order (and is actually what limits the trader to one price, one order).
The CLL's heads are static at mapping key '0'. To use as a FIFO, nodes are simply inserted previous to the head and removed from next to the head. A FILO (stack) can be implemented with equal simplicity.
In the case of the price list, the links either side of the head are the highestBid (previous) and lowestAsk (next) making the head node itself the market spread. The price list is artificially bound to minimum (uint 1) and maximum (uint 2**128) prices. New price nodes are inserted relative to the head (spread) after iterating through an order search.
Looping operations in Smart Contracts can be bug prone and costly, especially with state mutations in each loop as in the ITT's matching algorithm. For this reason, the order matching loop is dynamically limited by the gas supply from msg.gas and will exit with a partially filled order rather than throw it. The remainder does not get put on the book as a make order as it would cause a bid/ask collision at that price. Because of this looping, gas cannot be estimated and it is up to the trader to consider the costs and adjust the amount of gas prior to ordering.
The matching algorithm is not without architectural efficiency however which almost halves the number to calls to STORE by virtualising (caching to memory) the taker's state variables prior to the matching loop and writing back to store once the matching and making operations exit.

Security and Resilience

ITT's hold ether balances and therefore are presumed to be targeted by hacking attempts. A number of security features and practices have therefore been programmed into the contract.
All external or payable state mutating functions are 'reentry protected' by a mutex which is set and cleared in the internal function safeSend(), which is called only by the public function withdraw(). This practice ensures a single entry and exit.
The architecture also separates entry validation logic and parameter preparation which is kept in the external/payable functions, from state mutation logic which is kept in the internal functions. This allows for a secure, flexible, inheritable API/interface layer from which to extend the contract while keeping the basic ITT internal functionality the same.
In the ITT Demo, the default function is unimplemented and therefore throws if payments are sent to anything other than the payable buy() function.
Attention must also be drawn to some rather unconventional use of uint math in the matching loop. Elsewhere, the contract uses explicitly safe maths functions, however the nature of an exchange function requires numerous inverse and signed integer operations. It was found that casting between int and uint became an onerous task with potentially unpredictable outcome and a design decision was made to simply treat uint as signed within the matching loop. In this case -1 == 2**256-1 and is used in multiplication to change the sign of trade amounts during matching.
In light of the signed uint adoption, a further mathematical constraint was placed on the maximum price and amount allowed being 2**128 which prevents any multiplication overflows.

Testing

Given that this contract is Proof of Concept deployment primarily for public review, it should be considered insecure. It has been tested for functionality but no exhaustive testing regime or formal verification has been put against it. It is undeniably a big ugly contract with complex logic and so should be viewed with suspicion.
Interacting with the Live contract is thereby at your own risk!

Self Funding

Being the deploying owner of this Demo ITT, I am granted the full balance of tokens and have placed both ask and bid orders as examples. Purchasing my Ask orders on the Live chain does transfer real ether to my balance and so I am trailing this as a channel for funding my development efforts rather than chasing bounties, competitions, donations, (a real job) or what have you. If you buy tokens here, you could consider it as a much appreciated donation which you might also be able to return a speculative profit from! It would certainly make my life easier. :)

Who Am I?

My name is Darryl Morris AKA o0ragman0o. I'm an independent (and some what isolated) Australian Ethereum developer. Though fairly quite, I've been following Ethereum developments since November 2014 (PoC 6) and have been small time mining since Olympic, though not now with expensive Australian electricity. I am best known on [forum.ethereum.org](forum.ethereum.org) where I am a mod. I've been crypto aware since 2009 when I tried bitcoin in it's infancy. I got 71/70 marks for Griff Green's notorious 'DAO Ninja' homework though obviously needed 72 to recognise the complex of vulnerabilities in that code!
My interests are in developing delegative democracy technologies with which to render all politicians obsolete (particularly ones beginning with 'T'). To that end I've developed the ITT contract as a funding component of a democracy DAO framework I call 'Ethenian DAO'.
Looking for interested collaborators.
Cheers Darryl
submitted by o0ragman0o to ethereum [link] [comments]

Before you Trade – Binary Options Basic Strategy That Anyone Can Use

Despite its simplicity and the opportunity to make high returns making just easy yes/no type investment decisions, a binary trader can give themselves a distinct edge and an increased chance of trading success in a number of ways. The very basic strategy you see in this chapter can be adhered to and learnt by anyone with little or no experience in financial trading, yet can still have a significant impact on the overall profit or loss of the trader.
Binary Options Basic Strategy Steps
https://preview.redd.it/jqx7wia09jz01.png?width=512&format=png&auto=webp&s=4f7aad9001b96b626f3bd882d79cc3da073f1d9f
Learn the Assets
The choice of assets in which to trade can run into the hundreds with that number increasing all the time. Each asset has its own characteristics, so it is best advised to commit the time and energy to specialize in just a few assets than try to understand the complexities of all of them. The more you understand about an asset, the easier it is to explain and predict why it is moving in one particular direction. The targeting of just a couple of assets to focus on is probably the most rewarding of all the tactics that can be applied to binary trading and can open the doors to more profit opportunities.
Practice Practice makes perfect!
It doesn’t matter if you are playing sports or making an investment. The more you practice; the more chance you will get it right when it really matters. Having a practice account or trying a demo can give the trader opportunities to get a feel for the platform, try out new strategies and familiarize yourself with the customer service without having to actually put any money down.
Read the news
Knowing what is happening in the world doesn’t involve scouring the news for hours on end and more often than not, a few targeted news sites can keep even the most isolated trader up to date with the news and events that formulate market direction. Be sure to read our daily analysis which covers all the major markets including Forex, Stocks, Commodities and Indices. It even looks at the outlook for the day with upcoming economic events and how they might affect the various assets. Having access to a good economic calendar will keep the trader up to date on what data is being released and when – a key cause of market volatility.
Choose the right platform
There is no shortage of choice in binary options trading platforms, even after regulation weeded out some of the undesirables. The platforms in which trade vary considerably. So when choosing a platform that is right for you, it is important to consider:
Number of Assets
Different platforms offer different assets. Generally, the number of assets a platform will offer can be as little as 20 running up to the hundreds for other platforms. This is not to say that the platform offering the most assets is the best; even though more profit opportunities are created by an increased amount of assets to trade, the important aspect is choosing a platform that offers the assets right for you, especially if you are looking to trade currency pairs or stocks. As a rule, avoid trading platforms which offer just a few currency pairs and a limited number of assets as these will limit your profit opportunities.
The Returns
We all want to maximize our return which is why it is important to compare the different returns that platforms offer and they do vary wildly. Trading gold over one hour may offer a fixed return of 65% with one platform, but the same contract can produce a return of 80% with another platform. That means you can increase your profits by 15% for doing nothing other than your homework in choosing the right platform.
Deposits/Withdrawals
Something that is often over looked by traders but can be very important in money management. The different platforms have different rules regarding every aspect of the deposit and withdrawal process. There can be limitations and penalties on the withdrawals which may affect your liquidity, so read through the terms and conditions to make sure the platforms banking policy suits you.
Others
Now that regulation is being phased in; issues like security are becoming less of an issue than before. Check the security level by looking at its encryption level. The trading platform should at least have 128 bit SSL encryption ability from a major software security provider.
The platform must offer access that matches your needs which again, is less of a problem, with many platforms now offering 24/7 trading
Customer service
The customer service is always an important aspect to choosing the right platform which also often gets overlooked. Trying out a demo account will give you a feel of the customer service on offer. It’s a sad fact that like with any business, not all platforms offer customer service that is up to scratch, so make sure the platform you choose offers the customer services you expect and want.
How to Trade
Once a suitable platform has been chosen long with which assets to trade and only after the research has been done, it is time to make a trade. Trading in binary options could not be any easier.
1) Choose an Asset – Anything from currency pairs like the EUUSD, Stocks like Yahoo, Indices like the Nikkei 225 and commodities like Gold.
2) Make your Prediction – Select a call or put option on the asset you have chosen
3) Choose the amount to invest
4) Wait for Expiry.
If your prediction was correct at the time of expiry; you are in the money and receive the stated payout. If your prediction was incorrect at the time of expiry; you are out of the money, but still receive a percentage of your original stake back up to approximately 15%.
submitted by Evileeina to binaryoption [link] [comments]

[GET] Forex - Forever in Profit

Welcome to Forever in Profit Some of the most advanced, and effective Forex training on the internet. Youll get 3 full courses, each for beginner through advanced training. You get added to a Facebook Group, Telegram, as well as this training website. Membership also includes 24/7 access to training videos, and support from a community of over 2,600+ students , weekly webinars on questions and answers, option for homework, one on one sessions, most of all taught on how to become a independent trader.
submitted by Tradecietylove to forexmaster [link] [comments]

DEMYSTYFYING CRYPTOCURRENCIES, BLOCKCHAIN & ICO IN SIMPLE ENGLISH – REFLECTIONS AND WAY FORWARD FOR 2018

DISCLAIMER: The authors of this article by no means are advocating, advising or persuading anyone to invest in Cryptocurrencies, ICOs or any other form of investment. Investments are subjected to market risks and you must do your own research before investing and seek financial advise and help from qualified personnel. Any businesses or companies quoted in this article have not paid us financially or through any other means for profit or gain. The authors also do not intent to challenge, disrespect or disobey any specific government, institution or personnel of authority including Banks, Financial regulators, governing bodies and laws of the land. All viewpoints in this article are our own and does not relate to any company, partner, employment or body that we are associated with in our day to day life.
THE HEADLINE: As we reflect upon on 2017, it is probably fair to make a bold statement that it has been a phenomenal leap forward for the trio of Blockchain, Cryptocurrency and the ICO. Here is why: • Bitcoin (the most popular cryptocurrency and once defamed as a ‘hyper-coin’) hit another all-time high passing $8000. Today, Bitcoin is worth about $50 billion and has been accepted under the law and tax frameworks of Canada, Australia, and Japan. • Ethereum network (platform) and its own fuel ( coin) Ether has appreciated more than 2,800% since it was launched in 2015. • Underlying Blockchain technology is no more a hype, it is disrupting every industry through its secure public ledger • ICOs have raked in over 3.6 Billion Dollars, the largest ICO in 2017 has been Filecoin raising over 257 Million Dollars. This is the just beginning of the ICO revolution where IPOs and traditional stock exchanges are going to become a thing in the past.
Let’s admit it. We either have a tribe of people who love the whole concept of decentralized and autonomous Peer to Peer network completely secure and away from the control of the regulators and bureaucrats OR you still belong to the other tribe, you think Cryptocurrencies are dark alleys and ‘good’ people should stay away lurking in these areas. We respect views on either side and we would like to just attempt to demystify few basic practical concepts here that one should know if you are new to this so called “Crypto Tribe”.
EVOLUTION OF CRYPTO AND BITCOIN The first internet currency, known as DigiCash, was created by David Chaum and is said to have its origin from Netherlands. This was arguably the first attempt, but the idea failed and the company went bankrupt in 1998. Keeping up with the trend PayPal ( one of the global leaders in Payments Industry) was next to follow-up and became highly successful, but did not create an actual cryptocurrency. So history was made when the first real cryptocurrency, Bitcoin, was invented by someone went by the pseudonym Satoshi Nakamoto in 2008 and went online in 2009. There has been several failed attempts to identify this person. This ground breaking and revolutionary makes it possible to take to replace central authorities, government, watchdogs bureaucrats and politicians with the decentralized blockchain, and take power away from Wall Street. Bitcoin has already broken its own records several times since it started. The chart below will obviously blow your mind if you have not tracked Bitcoin recently. In less than 8 years Bitcoin has given over 8000% return. From 0 to 8000 USD per coin. And ofcourse there are talks of the next bubble and market for Bitcoin crashing down anytime. Really? Let’s address them a bit later in this paper.
The legacy of crypto goes back to the days of World War II when cryptographic systems were devised to securely transmit messages between various parties. All has happened is the technology and evolution has progressed since with the advancement of Computer systems and underlying hardware and software. We hence now have a very powerful system on the network for anyone to harness.
WHAT IS BLOCKCHAIN? A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. A blockchain can serve as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way not in citation given. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority. And that is the latest Wikipedia definition for you. However, in layman terms, what is the best way to explain it? Let’s think of a used-car for a purpose of illustration. The new buyer would like to ensure that the car is genuinely owned by the seller, that the car servicing history is fully up to date and any major issues has been picked up transparently in the car service history. In real world that may not be possible always. Let’s take another example. We go to our regular family doctor ( GP). Their computer has full history of our health records from illness, diagnosis, medicines and treatments. If we go to another city, it would be very important that the new doctor has full information as well. Sometimes things do not work that way. And this is where the power of Blockchain comes into play. Blockchain is like a decentralized and distributed computer or electronic database existing on multiple computers at the same time ( but not owned by any big company specifically atall). The database keeps growing continuously as new sets of key information, or ‘blocks’, are added to it. Each block contains a very important information - timestamp and a link to the previous block. These then actually form a chain, everyone in the network gets a copy of the whole database but the database is not managed by any particular body, person or corporation. Entire old block are preserved forever and new blocks are added to the ledger irreversibly, making it next to impossible to manipulate by faking documents, transactions and other information. And yes, hackers know this and they have no interest in this area as they cannot manipulate here. They will most likely to continue to pry on large private businesses and public sector for ransom not Blockchain for a very long time or may be forever! It is also worthwhile mentioning here that since Blockchain runs on a public network, there are concept of ‘mining’ and rewards to the ‘miners’. In simple terms, people are rewarded for allowing their computers to be used for harnessing the ‘processing power’ of Block execution. Every new transaction on a block ofcourse needs to be executed. Now that you have got a bit of history of the whole Cryptocurrency and Block chain technology mumbo-jumbo, you may be thinking what about another term ICO which everyone keeps talking at the Pub and every now and then on various websites and journals. What are ICO really? Let’s get that out of way as possible.
THE DAWN OF INITIAL COIN OFFERING ( aka ICO) You are probably already familiar with the traditional stock market and the concept of Initial Public Offering ( IPO), so we will not go too deep into it. But in a nutshell, until recently businesses have raised money from the public by listing their businesses on the famous stock exchanges. Ofcourse, it is not possible for Mr. John Smith from a little village selling his home made secret strawberry jam globally until he has deep pockets. Neither he can even dream of getting his business listed on a stock exchange to raise cash from public. Hence listing businesses and raising cash has remain the forte of the big and bold with the backing of Venture Capitalist firms, Private Equity firms and the Brokers. And ofcourse there has been the means of the “Angel Investor” who would give cash by taking significant equity stake in a business started by the entrepreneur with their blood and sweat. Then emerged the concept of “Crowd Funding”. Online project funding websites like kickstarter, crowdcube, seedrs emerged. They allowed entrepreneurs to request for funds from the public. But these methods have raised limited funds, grossly regulated by the local authorities and not everyone could raise money from here. So you may ask what IPOs and Crowdfunding has anything to do with Blockchain technology and ICOs? Well what if we say that there are investors out there who believe in the disruptive nature of Blockchain Technology and are also early adopters of cryptocurrency such as bitcoin. Then there is whole liberal aspect of the unregulated market which makes the whole world shift towards a very different perspective. Now an entrepreneur could actually raise money for building their business from very early stages ( sometimes from just a concept level) and accepting the money not in traditional currency ( aka Fiat currency) but Cryptocurrency. And further, each of these new projects could even release their own version or token of an underlying cryptocurrency or digital currency. Now that’s sexy and awesome isn’t it? Well, we are not going to down the route here to inform the readers it is good or bad practice in this paper. We will leave that opinion formation to yourself. Now that you got a high level understanding of ICOs, the next thing you may want to know is that it is pretty straight forward to invest into an ICO ( we will cover more in this paper later). But you need to understand is ICOs just like an IPO are for short duration. Usually they last for few weeks (typically 4 weeks). You get bonus Tokens or the crypto coin to invest early. Once the ICO minimum target is reached ( Softcap) the coins gets listed on the CoinExchange and they start trading. Coinexchange? What are these then? Quite simple, just go back to the analogy between a traditional stock and traditional stock exchange. Very simple concept really. How you buy, sell and do the nitty-gritty just differs. Since there are no brokers or regulators involved here. The whole process is really simple and quick. It may worthwhile sharing a quick snapshot of the ICO market worldwide: It is mind boggling to see that new businesses in really concept stages are raising more money than traditional businesses in just few hours of ICOs getting listed. Obviously this is really bothering lot of people in high ranking posts. We are not here to again debate who is right or wrong here. What we essentially want you to understand is some of these ICOs are really shaping the next wave of revolution.
How many of you believed that a Smart Phone with a so called ‘mobile app’ would be worth billion of dollar? Look at Uber, Alibaba, Airbnb, Facebook. Why no one complains about their valuation? May be because these businesses have backing of very large venture capitalists, Private Equity firms? But who runs these VCs and PE firms? Do you really need 70 Billion Dollars to run a Taxi mobile app? We honestly do not know. But what we know for sure is disruptive technologies and businesses built on top of them always have an edge. And then you combine the technology and handover its power to the people you create a social eco-system that is so strong and powerful that it can override and form its own status. And that is what is happening with the ICOs. People are investing into their trust and belief. Now that’s more powerful than any single bank, government or institution !
If you have followed this paper so far, you should have started to get an idea of what is really going on here about the trio – Blockchain Technology, Cryptocurrencices and ICO. However, I am sure you still have may have zillion questions about how you do certain things. Let us try give you answers to some of the most common questions asked by those who really want to get involved.
FREQUENTLY ASKED QUESTIONS Question 1: I am interested in buying and investing into a Cryptocurrency. Should I buy Bitcoin? Answer: Bitcoin is one of the most popular cryptocurrency. We can not advise you anything specific as you need to do your own research. The number of cryptocurrencies available over the internet as of 6 November 2017 was over 1172 and growing. A new cryptocurrency can be created at any time. By market capitalization, Bitcoin is currently (2017-08-19) the largest blockchain network, followed by Ethereum, Bitcoin Cash, Ripple and Litecoin.
Question 2: I am interested in investing into a ICO that what research and due-diligence I need to do ? Answer: We are glad that you mentioned the two magical words “research” and “due-diligence”. That is the most important golden nugget that we want you to take-away from this paper. Never-ever invest into a ICO unless you have researched it for how long it takes to build a strong opinion. Here is a good article that gives some really good tips. One quick tip from us would be ensure that Team is really strong and they are genuine people. http://mashable.com/2017/10/25/survive-ico/#CDVyGFJOiiqF
Question 3: How do I find out about upcoming ICOs and useful related news and press releases? Answer: There are plenty of websites now that can give you early headsup and keep you well informed. Our favourites are ICOBENCH, COINDESK, ICOALERT.
Question 4: Where can we buy and sell ICO and cryptocurrencies? Answer: If you are newbie, it may be a good idea to ask someone in your close network to guide you. There are lots of information and instructional video available on Youtube and other social media network and blogs. Sometimes too much information leads to confusion. You may also want to look into tutorials and training available at UDEMY.COM. But please steer away from self-proclaimed gurus. Do not buy any quick rich scheme related courses and scams. We have found that for beginners https://www.myetherwallet.com/ or https://parity.io/ are good starting point for Ethereum Blockchain related transactions.
Question 5: When is a good time to invest in Cryptocurrency? Answer: We wish we had the crystal ball to give you the answer. If we had this crystal ball in 2009 ( when Bitcoin started), we would be very rich people right now. But with a bit of research and education, you can master this. You need to make your own decision when is the right time for you.
Question 6: ICO and Cryptocurrency are all hype and dodgy? Answer: We are assuming you are a beginner, you do not know enough about Blockchain technology and how it works, you possibly have not spent enough time learning and tracking about cryptocurrencies. There is also a possibility you have never invested in a cryptocurrency or ICO. Or possibly you invested in a ICO that was a scam. You possibly could be a sophisticated investor in property, traditional shares, gold, forex and much more. But may be you do not want to know any more about Digital currencies or Technology as it is not your “comfort zone”. So the question is how much of homework you have done to assess if this whole concept for you is really interesting or completely ruled out? The decision end of the day is yours.
AUTHOR: Avijeet Jayashekhar: Has over 20 years of entrepreneurial, management consulting , Technology leadership in UK Financial Services Industry. He also has a long successful property investment business in UK. In his last stint, as Vice President of Barclays Bank UK, he managed large Technology Programme in next generation technologies such as Artificial Intelligence, Robotic Process automation and Digital Payments including Blockchain. He has track record of setting up 3 successful global Technology businesses. Integrally part of the London Fintech and PropertyTech businesses, he is a popular mentor and speaker. He has a Bachelor’s degree in Electronic and Computer Science, a Business Management Qualification and Project Qualification from Stanford University. He is a British Citizen of Indian origin and lives near London with his family. Linkedin: https://www.linkedin.com/in/avijeetjs/
REFERENCES: https://icobench.com/stats https://www.coinbase.com/ https://www.icoalert.com/ https://www.coindesk.com/information/what-is-a-distributed-ledge https://tokentarget.com/the-evolution-of-the-ico-2017-and-beyond-2/ http://www.ilovegrowingmarijuana.com/the-basics-of-cryptocurrency/ http://www.telegraph.co.uk/technology/0/cryptocurrency/ https://themerkle.com/top-10-cryptocurrency-icos-throughout-2017-to-date/ https://en.wikipedia.org/wiki/Blockchain http://mashable.com/2017/10/25/survive-ico/#CDVyGFJOiiqF https://en.wikipedia.org/wiki/List_of_cryptocurrencies https://en.insider.pro/tutorials/2017-09-04/what-blockchain-laymans-terms/
submitted by techevangelistuk to CryptocurrencyICO [link] [comments]

Adding to a prospective traders training plan

To the Stock sub, yes I read the wiki, I have been increasingly more interested in the financial markets and learning how to trade. I've been reading a ton on a ton, sometimes it feels like there is so much information it can start to become overwhelming. Sometimes I don't know where to start, and sometimes I don't know where to stop. This is an immense project for anyone to start, and to the people who have 'made it'(everyone has their own definition of success' I have a tremendous amount of respect for you. It seems that, day trading, intraday trading etc. are minimized to, it's basically gambling and if you dump money in the stock market you're an idiot. I once did also subscribe to that ideology and now I realize I probably should have focused on that instead of partying with friends and making some bad decisions, but the wisest of men were once the greatest of fools said a smart guy one time, I think. Anyway just some background, I am in my early 20's and am assigned as an air traffic controller in a branch of the american military. I just developed a rough 'training plan' to get myself on the right track to being fiscally adept. The reason why I am posting is to search for some wisdom from the elders, someone that will take some time to just sift through a couple of my talking points to add or subtract some of my basic ideas, and basically just guide me in the right direction. It doesn't make much sense to go into these things blindly, especially with an area of study a whole career field is designed around. I want to develop a rough map / curriculum to follow for myself, and to try to measure any indicators (no pun intended) of progress. But I am just a beginner, so why not post this on reddit? If anyone has any tips, something to add, something to subtract, that's why this is here. I'll be around to answer any questions for the next hour or so, then I can pickup tomorrow. I'm hoping we as a community can come together with something to give to a beginner like me, with this being the beginning
LINK TO GOOGLE DOCS -- HAS MORE CORRECT FORMATTING https://docs.google.com/document/d/1YTf0MMvFWdrvFlz_k-ruDuMABjaJEeZ5Aed07xEnEMI/edit?usp=sharing
My motivation – 1. So I can give family, friends and myself a life without worry. So, we have more time to focus on building meaningful experiences and forming a strong relationship with each other. 2. If profitable enough, to donate to cancer research to hopefully one-day cure cancer, more specifically, malignant brain cancers. 3. To have financial freedom. 4. To build wealth for myself and future generations of my family, regardless if it is my own kin. 5. To challenge myself. How I am doing this? Adopting a mix of education, research and simulated training I hope that by the end of CY18 I can have a small account funded 1500-3000 for trading while also focusing on paying down debt.
Education and Research: Reading List 1. Security Analysis – a. To gain a fundamental basis to judge a stocks worth, it has great reviews and has been recommended on multiple different platforms as a must read, so I am must reading it b. This book will not relate to the trading strategy that will be adopted in the beginning to build greater wealth. However, I think this will become a staple of future trading strategies. This book is basically the polar opposite to speculative trading/investment which will comprise the trading the trading strategy used to develop the wealth needed to reach the 25k minimum needed to day trade. 2. Japanese candlestick charting techniques (JCCT)-- a. This book is allegedly a great source on learning candlestick patterns and learning technical analysis. b. The focus will be learning how to read charts quick and effectively, allowing me to draw reasonable and insightful conclusions on the potential movement on stock based on its price-action 3. Will add more to the list after I finish these, but as of now I have determined learning a mix between fundamental & technical analysis will keep me well rounded so I don’t tunnel vision one way of trading. The aim is to remain well rounded and not to rely on one skill too much.
Online resources – 1. Youtube a. Ricky Gutierrez – stocks b. Timothy Sykes – stocks c. The Duomo initiative – Forex d. Numerous other youtube sources 2. Babypips – Forex 3. Lehman Brothers “Foreign Exchange Training Manual” (Dekstop) 4. Reddit? 5. Will add more as they come Simulation— 1. Tradingview.com a. Good charts, great indicators, free ‘real-time’ data and awesome charting features available as well as an easy to use papertrading, seems like a good resource for FOREX/STOCKS b. 2. TD Ameritrades ThinkOrSwim (TOS) a. 60 day Demo account that I called and got real-time data, the closest thing to a real deal trading platform I can get my hands. Will probably keep trying to learn this and use it as my basis for learning how to execute trades in the FOREX and Equity Markets. b. When the demo account runs out, make a new one, call and get live data set to the account again 3. The criteria used for the trading software a. Don’t make a lot of trades, I want to focus on only taking trades based on as much calculated risk as I can possibly calculate b. Trade around the pattern day trader rule, as when it’s time to go live I want to be used to it. What this means for me, is only take 1 or 2 trades a week, and making them meaningful. c. Try to learn something from every trade I make, failure or success I want to know if it’s pure luck or calculated risk. i. IF it’s a failure, I want to analyze why it happened to the best of my ability. ii. If it’s a success, I want to analyze how it happened and try to really solidify the knowledge. d. Try to imagine the money in the paper trading account is as real as the money in my pocket. e. Don’t rush or force trades, wait for a good “set-up” or situation. Stick to my technical analysis tools/skills and adapt to changing situations based on news releases.
Training— 1. Read at least 30 minutes each day of either Security Analysis or JCCT 2. Use youtube, babypips, reddit or some other online resource to learn SOMETHING that day. I don’t care if I am rereading the Relative Strength Indicator equation, I will do some form of online research and make it meaningful or impactful in some way. 3. Using a simulation platform, most likely TOS, develop a strategy for taking trades during the week. Live by the criteria I set for myself. a. Use each blown up paper account as lesson. b. Stay focused and don’t get emotional c. Rome wasn’t built in a day. d. Go live when I win more than I lose, and am green for 4 months. 4. Don’t forget who I’m doing this for and why. To-Do list – 1. Compile a list of terms, phrases, vocabulary and indicators to define/research and call it homework 2. Find or develop a good trading journal that is designed around a specific strategy, and before I enter into any trade I can fill it in this journal and if it meets criteria it’s time to buy. 3. Make myself some form of “homework” at-least once a week and learn from it. 4. If everything works out remain humble and try to help others succeed also. Summary – The goal is through a mix of, foundational reading (Security Analysis, JCCT and others), online resources, and simulated trading I can go from someone with very low to almost no knowledge of financial markets to a profitable and successful trader in the next 6-24 months. Using realistic and measurable goals to gauge progress (how many books have I read since I set the curriculum? How am I doing papertrading? Am I staying focused? Am I too focused?) as well as always constantly reforming and changing the training plan to grow with me I think this is possible.
submitted by DrDewclaw to stocks [link] [comments]

Advice for a novice re. Brexit.

Off the back of a belief that the UK will stay in Europe, I've just begun reading about forex trading this week. Full naiive disclaimer- I began studying with the idea that GBP will dip, and then strengthen after the vote is in.
All advice is telling me- 'learn your shit before trading'. and this seems sensible. Also, this sub seems to be advising that trading with news events in mind is a bad idea, especially for newbies.
Nevertheless- If I were still willing to lose around £200 on the gamble that the UK remains- what would be the safest way to do it?
More disclosure- I'm aware this sounds silly, and fully plan to do my homework- at least 4 months of demos before trading small amounts live etc. but for now, basically, I've been talking up the position, and want to put a little money where my mouth is, yet have no real idea where to start.
Thanks.
submitted by OhRightYeah to Forex [link] [comments]

Bitcoin automated trading software with a proven track record

Roughly 2 months ago my friend that introduced me to Bitcoin just one year ago brought up a website called USI-Tech he had told me that he had earned a substantial amount of bitcoin simply by investing his bitcoin into their trading & mining software and by reinvesting his earnings back into the program his earnings seemed to compound at a good pace. I spent some time looking into it and liked the results I was seeing from my friend and others involved so I decided to get in myself. Needless to say I am more than pleased with my returns.
What I found interesting about USI-Tech is that you do not have to invest a large amount at all to get started, the “bitcoin package” was created for the general public and not just big time investors, you can invest as little as $58 worth or bitcoin and start earning your daily return on that immediately. Now the reason I point out that they have created the bitcoin package for the general public is because USI Tech has been taking investments from clients and trading for them on the Forex side of the market (stock market) for the last 8 years, the only reason you may not have heard of them before is because they only used to accept $100k minimum investments to trade for their high end clients with their automated trading software. The fact that bitcoin is so volatile and the market is so easy for trading software to capitalize on makes it accessible to the general public. How long will it last? I couldn’t tell you but I have done my homework on this company and they seem to have some big plans for the future as well, they do seem very keen and seem to be tackling even more projects and are looking to expand their company more so then it already has.
Below is a video that shows enough validity for this company, I think if the SEC and FTC can vouch for it then we can too. They have huge plans and it truly is a game changer.
https://youtu.be/b-ba3zsW8G8
Below is some domain info I found through a basic search.
https://www.whois.com/whois/usi-tech.info
IS IT HARD TO USE:
Surprisingly it seems that this website has been designed for hands off beginner use. I myself am not a genius with computers but the system they have put in place really is self explanatory outside of your basic bitcoin transfers needed to purchase the packages.
How much have I personally invested?
So far I put in enough money for 25 bitcoin packages (appr. $1500) to see if it was worth posting about or not and yes it payed me the following day and every day to follow and yes everything seems to be working exactly as both my friend and the website said it would. Personally I see this as an insane opportunity to grow your bitcoin portfolio and potentially be on your way to financial freedom. My advice is do some research yourself on this platform and see if it’s something you might want to get involved in. A lot of people questioned me about this wanting proof of payment so below I have provided a video and notice the time and date is clearly visible on the screen and you will see the payment go through. You receive payments Monday-Friday not weekends just so you guys are aware.
https://youtu.be/eCBtiznKTTg
This link will direct you to their domain and you can register from here https://f181b357.usi-tech.info/ from here you can read up on who they are and what they do for yourself, I hope this information is useful.
submitted by Ty_Wright to bitcoininvesting [link] [comments]

For Review: 'Intrinsically Tradable Tokens' (ITT's) are their own exchange

For Review: 'Intrinsically Tradable Tokens' (ITT's) are their own exchange

Introducing Intrinsically Tradable Tokens, ERC20 compliant tokens in which you can buy and sell directly from the contract.
Ropsten 0xa9e001bebe4b281f7229b0305f553ab3c511fef5
Live 0xa15c784319fa96d3E36cFE97fbadD89Ec704A8dc

ITT's extend the ERC20 API with:

buy(uint price, uint amount, bool make) sell(uint price, uint amount, bool make) cancel(uint price) withdraw(uint ether) 
and other ancillary exchange state getters (see Github repo for full API) such as :
etherBalanceOf(address holder) getBook() getOrdersOf(address trader) spread(bool side) 
The intrinsic exchange functionality works on a FIFO matching maketaker algorithm. A new order may be iteratively filled by multiple make orders on the book or if unfilled, can be put on the book itself as a make order.
ITT demo contracts have been deployed on the Ropsten test chain on which a number of Buy and Sell orders have already been placed for you to play with. The demo ITT and future, more functional ITT's can be can be interacted with using the front end DAPP ITTDesk.
This demo ITT serves to demonstrate the exchange functionality of a basic ITT contract and do not have intrinsic value in the token itself beyond being a purely speculative coin.
The ITT API and base contract are open source and offered to the community in order to extend or attach value adding functionality to the token side.
The simplest example of an extended function ITT might be to make a 'Payable ITT' which becomes a simple but highly versatile pay to an unknown many mechanism which can distribute payments according to proportional holdings. Such holdings might represent shareholders, a rewards system or perhaps be used to fund and manage a DAO's project funds. (I do have a Payable ITT but will not likely release it until the community has confidence in the basic ITT contract)
Other value adding developments might be to couple ITT's to fiat currencies for truly low friction decentralised forex.

Current State of Development

As deployed, the ITT Demo contract is yet to undergo extensive testing and formal verification.
The ITTDesk app is still minimalist in it's function though is written on Meteor and attempts to use Mist styling and elements. I am not an experienced web developer, so feed back, suggestions, criticisms are most welcome.

How does it work?

The order book utilises a mapping of 'Circular Linked Lists (CLL)' from the LibCLLi library to order and lookup the booked prices and iterate the FIFO's at each price. Each FIFO in the mapping is keyed by its price and holds all the addresses of traders who have made orders at that price. A trader can only have a single order at any particular price. An attempt to book another order at the same price will adjust and put the order at the back of the FIFO queue. This prevents FIFO hogging in which a trader might otherwise starve other orders by continually topping up their own.
A second trivial mapping holds the actual order amounts. It is keyed by a SHA3 hash of the trader's address with the price of the order (and is actually what limits the trader to one price, one order).
The CLL's heads are static at mapping key '0'. To use as a FIFO, nodes are simply inserted previous to the head and removed from next to the head. A FILO (stack) can be implemented with equal simplicity.
In the case of the price list, the links either side of the head are the highestBid (previous) and lowestAsk (next) making the head node itself the market spread. The price list is artificially bound to minimum (uint 1) and maximum (uint 2**128) prices. New price nodes are inserted relative to the head (spread) after iterating through an order search.
Looping operations in Smart Contracts can be bug prone and costly, especially with state mutations in each loop as in the ITT's matching algorithm. For this reason, the order matching loop is dynamically limited by the gas supply from msg.gas and will exit with a partially filled order rather than throw it. The remainder does not get put on the book as a make order as it would cause a bid/ask collision at that price. Because of this looping, gas cannot be estimated and it is up to the trader to consider the costs and adjust the amount of gas prior to ordering.
The matching algorithm is not without architectural efficiency however which almost halves the number to calls to STORE by virtualising (caching to memory) the taker's state variables prior to the matching loop and writing back to store once the matching and making operations exit.

Security and Resilience

ITT's hold ether balances and therefore are presumed to be targeted by hacking attempts. A number of security features and practices have therefore been programmed into the contract.
All external or payable state mutating functions are 'reentry protected' by a mutex which is set and cleared in the internal function safeSend(), which is called only by the public function withdraw(). This practice ensures a single entry and exit.
The architecture also separates entry validation logic and parameter preparation which is kept in the external/payable functions, from state mutation logic which is kept in the internal functions. This allows for a secure, flexible, inheritable API/interface layer from which to extend the contract while keeping the basic ITT internal functionality the same.
In the ITT Demo, the default function is unimplemented and therefore throws if payments are sent to anything other than the payable buy() function.
Attention must also be drawn to some rather unconventional use of uint math in the matching loop. Elsewhere, the contract uses explicitly safe maths functions, however the nature of an exchange function requires numerous inverse and signed integer operations. It was found that casting between int and uint became an onerous task with potentially unpredictable outcome and a design decision was made to simply treat uint as signed within the matching loop. In this case -1 == 2**256-1 and is used in multiplication to change the sign of trade amounts during matching.
In light of the signed uint adoption, a further mathematical constraint was placed on the maximum price and amount allowed being 2**128 which prevents any multiplication overflows.

Testing

Given that this contract is deployed primarily for public review, it should be considered insecure. It has been tested for functionality but no exhaustive testing regime or formal verification has been put against it. It is undeniably a big ugly contract with complex logic and so should be viewed with suspicion.
Interacting with the Live contract is thereby at your own risk!

Self Funding

Being the deploying owner of this Demo ITT, I am granted the full balance of tokens and have placed both ask and bid orders as examples. Purchasing my Ask order on the Live chain does transfer real ether to my balance and so I am trailing this as a channel for funding my development efforts rather than chasing bounties, competitions, donations, (a real job) or what have you. If you buy tokens here, you could consider it as a donation which you might also be able to return a speculative profit from! It would certainly make my life easier. :)

Who Am I?

My name is Darryl Morris AKA o0ragman0o. I'm an independent (and some what isolated) Australian Ethereum developer. Though fairly quite, I've been following Ethereum developments since November 2014 (PoC 6) and have been small time mining since Olympic, though not now with expensive Australian electricity. I am best known on [forum.ethereum.org](forum.ethereum.org) where I am a mod. I've been crypto aware since 2009 when I tried bitcoin in it's infancy. I got 71/70 marks for Griff Green's notorious 'DAO Ninja' homework though obviously needed 72 to recognise the complex of vulnerabilities in that code!
My interests are in developing delegative democracy technologies with which to render all politicians obsolete (particularly ones beginning with 'T'). To that end I've developed the ITT contract as a funding component of a democracy DAO framework I call 'Ethenian DAO'.
Looking for interested collaborators.
submitted by o0ragman0o to ethtrader [link] [comments]

CLAES' Staff Application

CLAES' Staff Application Hello, thank you for visiting my application, I did have another application but I decided to delete it a week ago because I felt it was not a good time to apply, but I am re applying now and I think it would be a better time after the rule changes. Enjoy.
IGN: CLAES (https://namemc.com/profile/CLAES.5) [Famous Rank]
Age: 14 (05/11/2002)
Timezone: GMT (+0) - England
Past experience: I would say I am a fairly experienced player. I have really only been staff on one HCF like server, KoonKraft around 1 or 2 years ago. From this experience I learned my things, how to understand people and their situations from their perspective. I learnt how to screen share and deal with different types of players. I think this is a very important skill to understand how to work with different types of players and staff, because this can help yourself out trying to help another person. I was staff on this server for around 2-3 months, until it became less popular. At the time the server had a fairly large player base of around 300-600 players. Although Chain is not as big as this, I still understand how to deal with large groups of people. From this experience, I had learnt to communicate with players better. I have been staff on a few other servers but they was not HCF/Soup related, 2 Faction servers, a vanilla server, as well as a prison server. All of these servers had a small player base of around 100-300. I learnt from this experience how to communicate with different people, e.g less mentally able people, younger people and toxic players. I fully believe these skills are very important because being a staff member consists of dealing with a variety of players, sometimes in big groups.
What can you bring to our server: I think I can bring a positive outcome to the server, helping it out as much as I can. I would like to take this opportunity and try become apart of the team. I want to be a person that people can look up to. I am fairly known on the server, I have played for a few months actively, although I have been on the server back in 2013. I feel like I am fit for the position and would like to be given a chance. I think I would enjoy being a staff member than playing on the server, also I think this experience would benefit myself as a whole, by meeting new people, improving my personality, learning new skills and generally helping other people.
I would also would like to be staff because I can see a lack of staff, and I think I could be the extra staff member to help out the team and build a all round strong staff team. I really feel like I can make a difference, positively to the server, benefiting myself and the server. During my time of playing Chain, or any other server, there are always cheaters in the game. Although there will always be cheaters in this game, I want to try my best and get rid of these people and help the people who have been affected by them cheaters. Even if a player is being rude or disrespectful to me, I would never be rude back to them - everyone is treated equally. If I get accepted, I hope to put a lot of effort into this server, making the biggest change I can, I never waste time or be lazy. I want to gain trust from the higher staff, giving my self a positive reputation for myself and showing a good role model.
I have a good knowledge of how to be a staff member and like said before, how to communicate with different characters and personalities. I understand psychology and how different people work. I personally think this is an essential skill, because every staff member should understand different people, for example why someone does something. I am a very honest person, I know that being truthful will make myself prepared for any issues that can occur and I understand I should not lie to anyone, staff member or player. If I make any sort of mistake, I will be fully responsible and own up to that mistake, even if it leads to some sort of demotion, I would never not say something that I have done wrong to stop me getting punished, because I know eventually someone is going to find out and the consequences will be even worse. I understand I must take full responsibility for my actions and try to resolve any problems I have caused. This element of a staff member is key because I understand we are left with a lot of responsibility. I think I can understand people better than others, for example if someone is in a bad situation or is struggling, it is a staff members role to help them get through it.
I have a quite happy personality, I like to have a joke, but I know when to stop. When I start something I like to finish it, or until I have the perfect outcome. I want to get to know a different side to the community, and get to meet new people. I would say I am a patient person - I am very respectful, calm and understanding. These qualities are vital to a staff member, in my opinion. Overall I am very mature for my age, I am always ready for any job. I am against favouritism, and I fully understand I cannot pick sides as a staff member, everyone is equal no matter who they are. I am a fairly calm and chill person and quite confident. In this job confidence is key, as it is in any other job. I love to talk to different people, I am not toxic nor disrespectful to anyone. I understand that some people can come across as toxic, but I keep myself calm and use my skill of knowing how to manage and communicate with different types of personalities.
How long have you played ChainCraft: I have played Chain for around 3-4 months now, but I joined the server in around early 2013 when I started playing Minecraft originally with CP3, this was one of my first servers. I used to really enjoy the server but I took a break and recently I decided to play Soup again and I got back into the server. I think I am reasonably experienced for the staff job.
How active will you be: I am a very active player, I make a couple videos on the server, but I hope to create a staff series on the server if I get accepted. I usually hop on in the morning and after school then I go to the gym then spend the rest of the night on the server or do any homework. Here is a rough schedule if it helps:
(Normal School Week)
(School Holiday/Break) - Pretty much all day, same as a weekend.
Do you know how to screenshare properly: Yes I do know how to screenshare. I have been screenshared personally myself multiple times and I have also screenshared other people on 2 other servers. I haven't screenshared in the past 5 months but I am willing to learn and catch up. I would not ban anyone without providing solid proof or out going a screenshare. I personally use AnyDesk to screenshare, because I find it the easiest for myself and the other player. I use BLSquad screenshare tool but I dont know if that is outdated or not. I am always willing to learn new things as a staff member.
Do you have a working mic: Yes I do have a decent working mic (Razer Kraken 7.1) and I also have a spare TurtleBeach mic which I use for my PS4 which I can use if my current mic faces any problems. I have access to TeamSpeak, Skype, Discord and Telegram, I am willing to download any other social media platform if needed.
Any extra info: My real name is Adam and I was born on the 5th of November. I am a Graphics Designer, Forex Trader and I live in the United Kingdom. I have an interest in programming, gaming, economy and technology. In my spare time I like to trade Stocks and Foreign Exchange Currencies. I enjoy playing Rugby and I currently go to a private grammar school in the country side of England.
Thank you and I appreciate you for taking the time to read though my application.
Kind Regards, - Adam (CLAES)
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Forex BTMM Homework - Stop Hunts, Weekly Cycle, and Daily High/Low Manipulation

Hey everyone! This is a video that I feel like all beginner forex traders to take into account when starting their forex journey. If you would like to join m... Know your forex terms Before we delve any deeper into the possibilities that exist in the Forex market, we need to go over some basic Forex market terms. Pip... Pekerjaan rumah seorang trader, periksa chart, melakukan analisa teknikal dan mempersiapkan Trading Plan. Rutinitas seorang trader setelah pasar saham tutup dimulai selepas pukul 18.00WIB mulai ... How to Avoid Losing More Money Than You Profit in Forex STEP-By-STEP GUIDE - Duration: 23:26. The Swag Academy 22,595 views Watch as one of our Allure Markets trader does homework going over BTMM concepts like the weekly cycle, identifying stop hunts, and how the intraday daily highs and lows generate pristine setups ... Warrior Trading Education - Homework #1 - Duration: 22:49. ... Paul Ricalde Recommended for you. 15:06. 95% Winning Forex Trading Formula - Beat The Market Maker 📈 - Duration: 37:53. TRADE ATS ... How I do my homework and identify key areas as well as momentum. You can use this for stocks, forex, gold, oil etc. Volume Profile Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided... The above video discusses Work From Home Forex Trading. We are a Unified body of 1... A group of like minded people who believe in creating a Financial Fortr...

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