#WeeklyCryptoNews
Bitcoin is strengthening its positions. Breaking the important level of $10,000, it is climbing further. The next resistance is at $12,000, let’s wait and see.
🔸 Telegram is increasing its appetite. The company is going to raise $1.7 billion instead of $850 million in the second round of private ICO. There are talks that this amount of money will be enough to launch the blockchain and the cryptocurrency, so Telegram may refuse to hold the public ICO. Moreover, if the company fails to launch “TON” until October 19, 2019, investors will get their money back. But there is one small trick: the company will not be able to return all investments…
🔸 The hardfork Bitcoin Private was held on February 28. It is the first Bitcoin’s fork based on two blockchains: Bitcoin and ZClassic. The main feature is the usage of the zk-SNARK protocol for hiding transaction data.
🔸 According to Bloomberg, the Chinese government is planning to check accounts of citizens and companies to detect if they trade cryptocurrencies or participate in ICO. Accounts of lawbreakers will be blocked.
🔸 The United States Securities and Exchange Commission (SEC) started a mass distribution of summons to everyone who is involved in blockchain and cryptocurrency deals. The aim is to get information about the cryptocurrency market for its better regulation.
🔸 Everyone wants his own blockchain. The head of Starbucks Howard Schultz declared that the company is going to create its own blockchain and cryptocurrency that will appear in a new payment app.
🔸 Japanese e-commerce giant Rakuten announced a launch of its own cryptocurrency “Rakuten Coin”. The company is owned by Viber. It means that Telegram’s “gram” may meet a competition.
🔸 The big Canadian bank “Toronto-Dominion Bank” banned the cryptocurrency’s purchase by credit cards. There are already other six big banks in the world that enacted the same restriction.
🔸 Bittrex is enacting sanctions. Since March 9 the cryptocurrency exchange Bittrex will block accounts and cancel operations of residents of countries and territories that are under the US sanctions. They are North Korea, Iran, Syria, Cuba, and Crimea.
🔸 The Federal Ministry of Finance (Germany) said that purchases by cryptocurrencies will not be a subject of additional taxes. All cryptocurrencies are recognized as the equivalent of payment’s means.
🔸 A huge project of transition of all information about transports into blockchain is being launched in Dubai. The history of any car can be tracked starting from the factory and considering all accidents, repairs, resales, and other information.
🔺 Bitcoin $10,900 (+1.40%)
🔻 Ethereum $860.13 (-1.27%)
🔺 DASH $604.16 (+1.53%)
🔻 Litecoin $206.20 (-1.63%)
@fbsanalytics
Bitcoin is strengthening its positions. Breaking the important level of $10,000, it is climbing further. The next resistance is at $12,000, let’s wait and see.
🔸 Telegram is increasing its appetite. The company is going to raise $1.7 billion instead of $850 million in the second round of private ICO. There are talks that this amount of money will be enough to launch the blockchain and the cryptocurrency, so Telegram may refuse to hold the public ICO. Moreover, if the company fails to launch “TON” until October 19, 2019, investors will get their money back. But there is one small trick: the company will not be able to return all investments…
🔸 The hardfork Bitcoin Private was held on February 28. It is the first Bitcoin’s fork based on two blockchains: Bitcoin and ZClassic. The main feature is the usage of the zk-SNARK protocol for hiding transaction data.
🔸 According to Bloomberg, the Chinese government is planning to check accounts of citizens and companies to detect if they trade cryptocurrencies or participate in ICO. Accounts of lawbreakers will be blocked.
🔸 The United States Securities and Exchange Commission (SEC) started a mass distribution of summons to everyone who is involved in blockchain and cryptocurrency deals. The aim is to get information about the cryptocurrency market for its better regulation.
🔸 Everyone wants his own blockchain. The head of Starbucks Howard Schultz declared that the company is going to create its own blockchain and cryptocurrency that will appear in a new payment app.
🔸 Japanese e-commerce giant Rakuten announced a launch of its own cryptocurrency “Rakuten Coin”. The company is owned by Viber. It means that Telegram’s “gram” may meet a competition.
🔸 The big Canadian bank “Toronto-Dominion Bank” banned the cryptocurrency’s purchase by credit cards. There are already other six big banks in the world that enacted the same restriction.
🔸 Bittrex is enacting sanctions. Since March 9 the cryptocurrency exchange Bittrex will block accounts and cancel operations of residents of countries and territories that are under the US sanctions. They are North Korea, Iran, Syria, Cuba, and Crimea.
🔸 The Federal Ministry of Finance (Germany) said that purchases by cryptocurrencies will not be a subject of additional taxes. All cryptocurrencies are recognized as the equivalent of payment’s means.
🔸 A huge project of transition of all information about transports into blockchain is being launched in Dubai. The history of any car can be tracked starting from the factory and considering all accidents, repairs, resales, and other information.
🔺 Bitcoin $10,900 (+1.40%)
🔻 Ethereum $860.13 (-1.27%)
🔺 DASH $604.16 (+1.53%)
🔻 Litecoin $206.20 (-1.63%)
@fbsanalytics
👍2
#EconomicCalendar
🔔 5 crucial events of the week
We have gathered the most important events of the week for the major currencies. Do not miss them!
1. Tuesday, March 6 at 5:30 MT time – The Reserve Bank of Australia’s rate statement. Most likely, the central bank will not change the rate this time, but it will give clues on the future monetary policy. A chance to trade AUD.
2. Wednesday, March 7 at 17:00 MT time – Bank of Canada’s overnight rate. The BOC has raised the rate in January, and two rate hikes in a row are unlikely. But the bank’s Governor can give some important information in his speech on Thursday (18:00 MT time).
3. Thursday, March 8 at 14:45 MT time – European minimum bid rate. The euro area’s economy is good, but is it good enough for policy tightening? 15:30 MT time – the ECB press conference. Great swings await EUR/USD!
4. Friday, March 9 tentative – Bank of Japan’s policy rate. The central bank does not plan to change the accommodative monetary policy, but the JPY is continuing to rise. Let’s see if the BOJ meeting changes anything.
5. Friday, March 9 15:30 MT time – US Nonfarm Payrolls (NFP), unemployment rate and average earnings. The USD is under the pressure again and needs positive earnings data to support it.
🔔 5 crucial events of the week
We have gathered the most important events of the week for the major currencies. Do not miss them!
1. Tuesday, March 6 at 5:30 MT time – The Reserve Bank of Australia’s rate statement. Most likely, the central bank will not change the rate this time, but it will give clues on the future monetary policy. A chance to trade AUD.
2. Wednesday, March 7 at 17:00 MT time – Bank of Canada’s overnight rate. The BOC has raised the rate in January, and two rate hikes in a row are unlikely. But the bank’s Governor can give some important information in his speech on Thursday (18:00 MT time).
3. Thursday, March 8 at 14:45 MT time – European minimum bid rate. The euro area’s economy is good, but is it good enough for policy tightening? 15:30 MT time – the ECB press conference. Great swings await EUR/USD!
4. Friday, March 9 tentative – Bank of Japan’s policy rate. The central bank does not plan to change the accommodative monetary policy, but the JPY is continuing to rise. Let’s see if the BOJ meeting changes anything.
5. Friday, March 9 15:30 MT time – US Nonfarm Payrolls (NFP), unemployment rate and average earnings. The USD is under the pressure again and needs positive earnings data to support it.
#bookshelf
The DAO of Capital: Austrian Investing in a Distorted World by Mark Spitznagel
📚 Who should read this book:
🔸 Everyone who wants to learn how to invest and get profit.
🔸 Everyone who wants to get new knowledge: Daoism and the Austrian economic school are widely described here.
📗 What you will learn:
🔸 The bases of Daoism theory and Austrian economic school.
🔸 How to become patient and enter the market at the right time.
To make you sure that this book is useful, first of all, we will give you some information on the author. The book was written by Mark Spitznagel – an American hedge fund manager, investment consultant, founder and president of Universa Investments. He is also famous for his profitable billion-dollar derivatives bet on the stock market crack of 2008 and his pioneering “safe haven investing” (there is a book about this theory if you are interested you can read it to learn more).
Before he became the head of the hedge fund, he was a trader at the Chicago Board of Trade and a proprietary trader at Morgan Stanley. So a wide range of experience in finance allows you to trust the information he offers you.
When you read this book, you will learn how to be patient and enter the market at the right time. Using various examples from Robinson Crusoe to Henry Ford, the author tells about the “Austrian” investment method that is based on the main idea of Daoism – “profit from losses”. It can sound paradoxically but you should like to lose money and hate to receive it. The Daoism approach is “one gains by losing and loses by gaining.”
Moreover, the Austrian method is aimed at the long-term profit. You should try to get profit from the impatience of other investors, their aversion to small losses and their wills to earn immediately. As a result, patience is your key to success.
You should use your patience to enter the market at the right time. In this book, Mr. Spitznagel talks about distorted markets as well. *A distorted market is the market where there is an intervention by a governing body. For example, when a central bank artificially raises or lowers interest rates. There is a high possibility of a fall in such markets. So, investors should stay far from such markets and wait until the artificial conditions go away. The author thinks that only a patient investor will be able to sacrifice his profit now to earn more later.
📌 Making a conclusion, we can say that it is highly difficult to practice the Austrian investing method because people are used to looking for immediate profit when this theory call for patience. However, the author believes that as soon as you learn how to be patient and lose something without regret, you will be able to earn much more money. Remember the main idea of Dao: “profit from losses”.
@fbsanalytics
The DAO of Capital: Austrian Investing in a Distorted World by Mark Spitznagel
📚 Who should read this book:
🔸 Everyone who wants to learn how to invest and get profit.
🔸 Everyone who wants to get new knowledge: Daoism and the Austrian economic school are widely described here.
📗 What you will learn:
🔸 The bases of Daoism theory and Austrian economic school.
🔸 How to become patient and enter the market at the right time.
To make you sure that this book is useful, first of all, we will give you some information on the author. The book was written by Mark Spitznagel – an American hedge fund manager, investment consultant, founder and president of Universa Investments. He is also famous for his profitable billion-dollar derivatives bet on the stock market crack of 2008 and his pioneering “safe haven investing” (there is a book about this theory if you are interested you can read it to learn more).
Before he became the head of the hedge fund, he was a trader at the Chicago Board of Trade and a proprietary trader at Morgan Stanley. So a wide range of experience in finance allows you to trust the information he offers you.
When you read this book, you will learn how to be patient and enter the market at the right time. Using various examples from Robinson Crusoe to Henry Ford, the author tells about the “Austrian” investment method that is based on the main idea of Daoism – “profit from losses”. It can sound paradoxically but you should like to lose money and hate to receive it. The Daoism approach is “one gains by losing and loses by gaining.”
Moreover, the Austrian method is aimed at the long-term profit. You should try to get profit from the impatience of other investors, their aversion to small losses and their wills to earn immediately. As a result, patience is your key to success.
You should use your patience to enter the market at the right time. In this book, Mr. Spitznagel talks about distorted markets as well. *A distorted market is the market where there is an intervention by a governing body. For example, when a central bank artificially raises or lowers interest rates. There is a high possibility of a fall in such markets. So, investors should stay far from such markets and wait until the artificial conditions go away. The author thinks that only a patient investor will be able to sacrifice his profit now to earn more later.
📌 Making a conclusion, we can say that it is highly difficult to practice the Austrian investing method because people are used to looking for immediate profit when this theory call for patience. However, the author believes that as soon as you learn how to be patient and lose something without regret, you will be able to earn much more money. Remember the main idea of Dao: “profit from losses”.
@fbsanalytics
#EURUSD
The euro fell to 1.23 versus the US dollar as the ECB said that inflation in the euro area remained low and rising protectionism is a risk.
The USD gained on the prospect of meeting between President Trump and North Korean leader Kim Jong Un by May. Some fears about global trade wars have gone: Trump imposed import tariffs on steel and aluminium but softened his stance by announcing exemptions for Canada and Mexico.
Analyst Ivan Karamazov has the following idea about trading EUR/USD:
🔸 SELL 1.2295
🔸 SL 1.2350
🔸 TP1 1.2185 TP2 1.2090 TP3 1.1965
The euro fell to 1.23 versus the US dollar as the ECB said that inflation in the euro area remained low and rising protectionism is a risk.
The USD gained on the prospect of meeting between President Trump and North Korean leader Kim Jong Un by May. Some fears about global trade wars have gone: Trump imposed import tariffs on steel and aluminium but softened his stance by announcing exemptions for Canada and Mexico.
Analyst Ivan Karamazov has the following idea about trading EUR/USD:
🔸 SELL 1.2295
🔸 SL 1.2350
🔸 TP1 1.2185 TP2 1.2090 TP3 1.1965
#WeeklyCryptoNews
The winter is not receding. Top cryptocurrencies have declined. Bitcoin has fallen below $9000. Are we going to $6000 again? Let’s see.
• The former chief economist of the International Monetary Fund (IMF) Kenneth Rogoff says that in 10-year future bitcoin will more likely cost $100 than $100,000. Further regulations will make the price go down.
• According to Blockchain. info, the number of transactions in bitcoin network plunged to the 2-year low.
• Why has bitcoin fallen? One of the reasons can be a huge sale of BTC by a trustee of the bankrupt Mt.Gox cryptocurrency exchange. Since September 2017 he has sold bitcoin and bitcoin cash for more than $400 million to compensate the losses of Mt.Gox creditors.
• According to one research, bitcoin is most traded in Japanese yen (60%). The second fiat currency is the US dollar (25%), in the third place the Korean won (6.5%), the euro is the fourth (5.5%).
• Some news about an uncertain Chinese policy. A proposal on a national cryptocurrency exchange was made at the annual meeting of China’s top legislative and advisory bodies. Despite all restrictions on cryptocurrencies, China is not going to stay aside. At the same time, accounts of cryptocurrencies exchanges are blocked in the popular Chinese messenger WeChat.
• More restrictions in Asia. Japanese authorities closed cryptocurrency trade platforms FSHO and Bit Station for 30 days until security violations are removed. Five cryptocurrency exchanges (Coincheck is among them) have to present a plan to improve protection from cyber attacks before March 22.
• The government of New Jersey banned the ICO of Bitcoiin2Gen that is advertised by Steven Seagal. Don’t believe famous names.
• Ryan Gosling has become the new face of cryptocurrency scam Miroskii (the actor didn’t know about it).
• The National Assembly of Venezuela said that El Petro is a fraud of a corrupt government that was created to get money from citizens. The opposition has most of the seats in Assembly, so such a claim is not a surprise.
• A bot of the cryptocurrency exchange Binance was hacked. After the hacking, it started selling altcoins at market prices and buying Viacoin (VIA). VIA became the second one after bitcoin by the volume of trading. However, the cryptocurrency exchange itself was not hacked. Now all balances of users are restored. The crypto market lost more than $30 billion during an hour. All top cryptocurrencies fell.
• Coinbase opens its first investment index fund tied to rates of BTC, BCH, ETH, and LTC. In the beginning, only accredited investors from the USA will have an access to it, a minimum deposit is $10,000.
• Vitalik Buterin, the founder of Ethereum, offered a new model of ICO – DAICO. DAICO will help to make the ICO more secure attracting investors in a process of an initial development of the project.
• A new token has appeared. Developers of Callisto Network confirmed Ethereum Classic block mold. Yobit has started trading on the new token, a price is $1,6. A launching of Callisto network is planned on March 23.
🔻 Bitcoin $8,810 (-10.81%)
🔻 DASH $456.4 (-12.60%)
🔻 Ethereum $677.41 (-10.50%)
🔻 Litecoin $168.05 (-8.85%)
@fbsanalytics
The winter is not receding. Top cryptocurrencies have declined. Bitcoin has fallen below $9000. Are we going to $6000 again? Let’s see.
• The former chief economist of the International Monetary Fund (IMF) Kenneth Rogoff says that in 10-year future bitcoin will more likely cost $100 than $100,000. Further regulations will make the price go down.
• According to Blockchain. info, the number of transactions in bitcoin network plunged to the 2-year low.
• Why has bitcoin fallen? One of the reasons can be a huge sale of BTC by a trustee of the bankrupt Mt.Gox cryptocurrency exchange. Since September 2017 he has sold bitcoin and bitcoin cash for more than $400 million to compensate the losses of Mt.Gox creditors.
• According to one research, bitcoin is most traded in Japanese yen (60%). The second fiat currency is the US dollar (25%), in the third place the Korean won (6.5%), the euro is the fourth (5.5%).
• Some news about an uncertain Chinese policy. A proposal on a national cryptocurrency exchange was made at the annual meeting of China’s top legislative and advisory bodies. Despite all restrictions on cryptocurrencies, China is not going to stay aside. At the same time, accounts of cryptocurrencies exchanges are blocked in the popular Chinese messenger WeChat.
• More restrictions in Asia. Japanese authorities closed cryptocurrency trade platforms FSHO and Bit Station for 30 days until security violations are removed. Five cryptocurrency exchanges (Coincheck is among them) have to present a plan to improve protection from cyber attacks before March 22.
• The government of New Jersey banned the ICO of Bitcoiin2Gen that is advertised by Steven Seagal. Don’t believe famous names.
• Ryan Gosling has become the new face of cryptocurrency scam Miroskii (the actor didn’t know about it).
• The National Assembly of Venezuela said that El Petro is a fraud of a corrupt government that was created to get money from citizens. The opposition has most of the seats in Assembly, so such a claim is not a surprise.
• A bot of the cryptocurrency exchange Binance was hacked. After the hacking, it started selling altcoins at market prices and buying Viacoin (VIA). VIA became the second one after bitcoin by the volume of trading. However, the cryptocurrency exchange itself was not hacked. Now all balances of users are restored. The crypto market lost more than $30 billion during an hour. All top cryptocurrencies fell.
• Coinbase opens its first investment index fund tied to rates of BTC, BCH, ETH, and LTC. In the beginning, only accredited investors from the USA will have an access to it, a minimum deposit is $10,000.
• Vitalik Buterin, the founder of Ethereum, offered a new model of ICO – DAICO. DAICO will help to make the ICO more secure attracting investors in a process of an initial development of the project.
• A new token has appeared. Developers of Callisto Network confirmed Ethereum Classic block mold. Yobit has started trading on the new token, a price is $1,6. A launching of Callisto network is planned on March 23.
🔻 Bitcoin $8,810 (-10.81%)
🔻 DASH $456.4 (-12.60%)
🔻 Ethereum $677.41 (-10.50%)
🔻 Litecoin $168.05 (-8.85%)
@fbsanalytics
#ForexNews
🇺🇸 Nonfarm Payrolls are out!
🔸 NFP: +313K (forecast: +205K)
🔸 Unemployment Rate: 4.1% (forecast: 4.0%)
🔸 Average Hourly Earnings: +0.1% (forecast: +0.2%)
Jobs growth is strong, but inflation is weak. Inflation is more important. As a result, the USD will be sold on the initial advance.
@fbsanalytics
🇺🇸 Nonfarm Payrolls are out!
🔸 NFP: +313K (forecast: +205K)
🔸 Unemployment Rate: 4.1% (forecast: 4.0%)
🔸 Average Hourly Earnings: +0.1% (forecast: +0.2%)
Jobs growth is strong, but inflation is weak. Inflation is more important. As a result, the USD will be sold on the initial advance.
@fbsanalytics
FBS Analytics via @vote
What info do you want on this channel?
anonymous poll
Trade ideas – 64
👍👍👍👍👍👍👍 55%
Education – 23
👍👍👍 20%
Breaking news – 15
👍👍 13%
Charts & infographics – 8
👍 7%
Cryptocurrencies – 7
👍 6%
👥 117 people voted so far.
anonymous poll
Trade ideas – 64
👍👍👍👍👍👍👍 55%
Education – 23
👍👍👍 20%
Breaking news – 15
👍👍 13%
Charts & infographics – 8
👍 7%
Cryptocurrencies – 7
👍 6%
👥 117 people voted so far.
#TradeIdea
Here are some ideas from FBS analysts:
👩 Tatyana Norkina:
USD/JPY — Buy — 106.60; SL — 106.40; TP1 — 107.40; TP2 — 107.80.
👨 Ivan Karamazov:
USD/CAD — Buy — 1.2710; SL — 1.2655; TP1 — 1.2810; TP2 — 1.2910; TP3 — 1.3100
— Buy — 1.2960; SL — 1.2905; TP1 — 1.3060; TP2 — 1.3100.
@fbsanalytics
Here are some ideas from FBS analysts:
👩 Tatyana Norkina:
USD/JPY — Buy — 106.60; SL — 106.40; TP1 — 107.40; TP2 — 107.80.
👨 Ivan Karamazov:
USD/CAD — Buy — 1.2710; SL — 1.2655; TP1 — 1.2810; TP2 — 1.2910; TP3 — 1.3100
— Buy — 1.2960; SL — 1.2905; TP1 — 1.3060; TP2 — 1.3100.
@fbsanalytics
#bookshelf
Trading chaos by Bill Williams
📚 Who should read this book:
- Everyone. Williams’ ideas led many traders to the success.
📖 What you will learn:
- The psychological side of trading.
- How to grow from a novice to a professional trader.
- The implementation of Williams indicators.
- More information about Elliott waves, MACD, fractals, and some other technical indicators.
The author of the book, Bill Williams, is a famous person in the financial world. He invented a number of indicators that are implemented on different trading platforms. The indicators are Accelerator Oscillator, Alligator, Awesome Oscillator, Fractals, Gator Oscillator, and Market Facilitation Index.
However, Mr. Williams became famous not only due to the development of indicators but also through a series of books “Trading Chaos”.
In this series, he presents a view on the financial market that differs from traditional models. The main feature of “Trading Chaos” is that the author gives a deep analysis of the market and trades on it.
On the one hand, Bill Williams teaches traders how to perceive their inner world, their mind and the actual nature of financial markets. There is a lot of information on the individual psychology of a trader. Readers have an opportunity to look at the most common problems of traders during their formation as professionals.
On the other hand, the author presents trading strategies and techniques. He believes that the market obeys the laws of nature and the logical patterns can be found. Traders should identify these patterns and take advantage out of them. The book contains valuable information about Elliott waves, MACD indicator, fractals, and some other technical indicators.
Moreover, Mr. Williams teaches trade novices how to become the experienced ones. For this aim, he divided the book into 5 steps. These steps represent a harmonious and consistent system that ensures the advancement of a novice trader from losses to regular successful trades. The main idea is that only through constant practice and learning, a trader will be able to obtain his trading skills.
📌 To sum up, the advantage of the “Trading Chaos” series is that any reader will be able to find something for him/herself. If you are interested in the psychology, you will get a wide range of information on this issue. If you believe that only technical analysis makes sense while trading, you can read about a huge amount of indicators. And what can really attract your attention is that the author displays his own experience that led not only him but many traders that had used tips of the “Trading Chaos” to the success.
Trading chaos by Bill Williams
📚 Who should read this book:
- Everyone. Williams’ ideas led many traders to the success.
📖 What you will learn:
- The psychological side of trading.
- How to grow from a novice to a professional trader.
- The implementation of Williams indicators.
- More information about Elliott waves, MACD, fractals, and some other technical indicators.
The author of the book, Bill Williams, is a famous person in the financial world. He invented a number of indicators that are implemented on different trading platforms. The indicators are Accelerator Oscillator, Alligator, Awesome Oscillator, Fractals, Gator Oscillator, and Market Facilitation Index.
However, Mr. Williams became famous not only due to the development of indicators but also through a series of books “Trading Chaos”.
In this series, he presents a view on the financial market that differs from traditional models. The main feature of “Trading Chaos” is that the author gives a deep analysis of the market and trades on it.
On the one hand, Bill Williams teaches traders how to perceive their inner world, their mind and the actual nature of financial markets. There is a lot of information on the individual psychology of a trader. Readers have an opportunity to look at the most common problems of traders during their formation as professionals.
On the other hand, the author presents trading strategies and techniques. He believes that the market obeys the laws of nature and the logical patterns can be found. Traders should identify these patterns and take advantage out of them. The book contains valuable information about Elliott waves, MACD indicator, fractals, and some other technical indicators.
Moreover, Mr. Williams teaches trade novices how to become the experienced ones. For this aim, he divided the book into 5 steps. These steps represent a harmonious and consistent system that ensures the advancement of a novice trader from losses to regular successful trades. The main idea is that only through constant practice and learning, a trader will be able to obtain his trading skills.
📌 To sum up, the advantage of the “Trading Chaos” series is that any reader will be able to find something for him/herself. If you are interested in the psychology, you will get a wide range of information on this issue. If you believe that only technical analysis makes sense while trading, you can read about a huge amount of indicators. And what can really attract your attention is that the author displays his own experience that led not only him but many traders that had used tips of the “Trading Chaos” to the success.
❤2
#forextips
💡How to create your own trading strategy?
1. Learn the basics of Forex trading. For example: when and why prices move; how to read charts and use indicators; what risk management is.
2. Ask yourself who you are: scalper, day trader, medium-term trader or long-term trader and choose a timeframe – M30, hourly, daily, weekly, monthly, etc.
3. Decide which market conditions you will focus on: trend, range or breakout.
4. Choose your tools: will you use technical indicators and, if so, which ones?
5. Define the setup (required conditions) and trigger (entry rule) of your strategy.
6. Set the strict risk management parameters: risk/reward ratio, position size.
7. Choose exit rules – make a rule for Take Profit and Stop Loss orders.
8. Test your strategy on a demo account. Make a good effort: this will create a base for your success.
9. Start using your strategy on live account: don’t digress from your rules but keep learning and thinking about how to make your strategy even better.
@fbsanalytics
💡How to create your own trading strategy?
1. Learn the basics of Forex trading. For example: when and why prices move; how to read charts and use indicators; what risk management is.
2. Ask yourself who you are: scalper, day trader, medium-term trader or long-term trader and choose a timeframe – M30, hourly, daily, weekly, monthly, etc.
3. Decide which market conditions you will focus on: trend, range or breakout.
4. Choose your tools: will you use technical indicators and, if so, which ones?
5. Define the setup (required conditions) and trigger (entry rule) of your strategy.
6. Set the strict risk management parameters: risk/reward ratio, position size.
7. Choose exit rules – make a rule for Take Profit and Stop Loss orders.
8. Test your strategy on a demo account. Make a good effort: this will create a base for your success.
9. Start using your strategy on live account: don’t digress from your rules but keep learning and thinking about how to make your strategy even better.
@fbsanalytics
#GBPUSD is near 1.4070
R: 1.4150
S: 1.3970
🔻 British economic data: CPI disappointed (headline CPI declined from 3.0% to 2.7%). The reading is still above the BoE target though.
🔺 Brexit: Britain and the European Union agreed to a 21-month post-Brexit transition period and a potential solution to avoid a “hard border” for Northern Ireland.
🔺 Bank of England: According to Bloomberg survey, the BoE will vote unanimously (9-0) to keep the bank rate steady at 0.50% on Thursday. At the same time, the percentage of economists predicting a rate hike in May rose to 54%.
Near-term risk: US Federal Reserve will announce its decision at 20:00 MT time on Wednesday. A rate hike is priced in, but will the Fed give the market something more?
R: 1.4150
S: 1.3970
🔻 British economic data: CPI disappointed (headline CPI declined from 3.0% to 2.7%). The reading is still above the BoE target though.
🔺 Brexit: Britain and the European Union agreed to a 21-month post-Brexit transition period and a potential solution to avoid a “hard border” for Northern Ireland.
🔺 Bank of England: According to Bloomberg survey, the BoE will vote unanimously (9-0) to keep the bank rate steady at 0.50% on Thursday. At the same time, the percentage of economists predicting a rate hike in May rose to 54%.
Near-term risk: US Federal Reserve will announce its decision at 20:00 MT time on Wednesday. A rate hike is priced in, but will the Fed give the market something more?
FBS Analytics via @vote
Do you use Stop Loss orders?
anonymous poll
Sometimes – 32
👍👍👍👍👍👍👍 49%
Always – 17
👍👍👍👍 26%
Never – 16
👍👍👍👍 25%
👥 65 people voted so far.
anonymous poll
Sometimes – 32
👍👍👍👍👍👍👍 49%
Always – 17
👍👍👍👍 26%
Never – 16
👍👍👍👍 25%
👥 65 people voted so far.
We eagerly awaited it!💥
The Fed announced an interest rate. As expected, it was raised by 25bp (from 1.50% to 1.75%). 👏
According to economic projections, Fed officials are split on whether two or three additional interest rate increases will be needed in 2018.
💲 In the environment of worries about trade wars, the USD suffers a lot. Let’s see whether the Fed’s monetary policy is able to support it.
The Fed announced an interest rate. As expected, it was raised by 25bp (from 1.50% to 1.75%). 👏
According to economic projections, Fed officials are split on whether two or three additional interest rate increases will be needed in 2018.
💲 In the environment of worries about trade wars, the USD suffers a lot. Let’s see whether the Fed’s monetary policy is able to support it.
#bookshelf
"Manias, Panics, and Crashes: A History of Financial Crises" by Charles Kindleberger
📚 Who should read this book:
🔸 Everyone who wants to know more about the overheated markets.
📖 What you will learn:
🔸 How speculative stock market bubbles act.
🔸 The stages of a financial crisis.
Charles P. Kindleberger created hegemonic stability theory and wrote more than 30 books. “Manias, Panics, and Crashes: A History of Financial Crises” is among his most famous works. It describes financial crashes in great detail, defines the reasons for their occurrences and suggests how to mitigate their effects.
To present how financial crises evolve Charles Kindleberger summarized 40 documented events in the 400+ years from 1600 to 2012.
According to Kindleberger, every crisis passes through 3 stages. The first stage is “mania” when all market participants spend huge amounts of money falling into euphoria produced by policy switching, new technology or financial innovation. Stocks, commodity and consumer prices surge to their highs; economic growth accelerates its pace inducing investors and lenders to become more optimistic about the future. Speculators and swindlers come into play and start buying the asset with the aim of selling it later at a higher price. The expected returns become overestimated. The markets become overtraded. The overtrading spreads from one market to another and reaches the global scale. The mania is followed by panic when investors start to realize that the economy is overheated. At this point some insiders leave the market, there is “financial distress” and the revelation of a swindle that leads to the rush for liquidity. Then the markets are reaching the final stage – they storm and crash.
With “Manias, Panics and Crashes” you will be able to recognize at which stage the market is now (whether there is a shock, a peak, or a moment of revelation) and take precautions.
After you read this book you will understand one simple thing: a big amount of capital moving worldwide raises the possibility of an overflow.
One additional feature of this book is that it first appeared in 1978 but was reprinted many times. At the start, the author could not even imagine how hard financial crises would turn out to be. Turbulence in national banking systems, exchange-rate volatility, and asset-price bubbles moved to new levels. So every new addition had something new to discover. That is why in the every following edition you will find more actual information about financial crashes.
"Manias, Panics, and Crashes: A History of Financial Crises" by Charles Kindleberger
📚 Who should read this book:
🔸 Everyone who wants to know more about the overheated markets.
📖 What you will learn:
🔸 How speculative stock market bubbles act.
🔸 The stages of a financial crisis.
Charles P. Kindleberger created hegemonic stability theory and wrote more than 30 books. “Manias, Panics, and Crashes: A History of Financial Crises” is among his most famous works. It describes financial crashes in great detail, defines the reasons for their occurrences and suggests how to mitigate their effects.
To present how financial crises evolve Charles Kindleberger summarized 40 documented events in the 400+ years from 1600 to 2012.
According to Kindleberger, every crisis passes through 3 stages. The first stage is “mania” when all market participants spend huge amounts of money falling into euphoria produced by policy switching, new technology or financial innovation. Stocks, commodity and consumer prices surge to their highs; economic growth accelerates its pace inducing investors and lenders to become more optimistic about the future. Speculators and swindlers come into play and start buying the asset with the aim of selling it later at a higher price. The expected returns become overestimated. The markets become overtraded. The overtrading spreads from one market to another and reaches the global scale. The mania is followed by panic when investors start to realize that the economy is overheated. At this point some insiders leave the market, there is “financial distress” and the revelation of a swindle that leads to the rush for liquidity. Then the markets are reaching the final stage – they storm and crash.
With “Manias, Panics and Crashes” you will be able to recognize at which stage the market is now (whether there is a shock, a peak, or a moment of revelation) and take precautions.
After you read this book you will understand one simple thing: a big amount of capital moving worldwide raises the possibility of an overflow.
One additional feature of this book is that it first appeared in 1978 but was reprinted many times. At the start, the author could not even imagine how hard financial crises would turn out to be. Turbulence in national banking systems, exchange-rate volatility, and asset-price bubbles moved to new levels. So every new addition had something new to discover. That is why in the every following edition you will find more actual information about financial crashes.
#WeeklyCryptoNews
At the end of the week, bitcoin is losing its positions. The cryptocurrency could not break above the psychological level at $9,000 and fell again. Now bitcoin is trading near $8,500. Support lies at $7,800.
🔸 Tom Lee, co-founder of a research firm Fundstrat, forecasts a growth of bitcoin to $91,000 in 2020. So, hold your breath and HODL. He is sure that a bearish trend in altcoins is close to ending. He highlighted that bitcoin is still the most attractive asset for investments.
🔸 The head of Twitter Jack Dorsey said that bitcoin will become the world's “single currency” in about 10 years.
🔸 There’s a contrary opinion. Morgan Stanley analysts think that bitcoin price repeats the dynamics of the “dotcom” bubble but 15 times faster. Earlier they counted bitcoin’s price and it appeared to be 0!
🔸 The cryptocurrency exchange Binance in Japan can be closed as it has no license.
🔸 A new governor of People's Bank of China said that bitcoin is a currency that gives freedom. It was quite surprising as his predecessor cryptocurrencies can cause negative consequences at the financial market.
This is not all! Follow the link below if you want to find out the news about El Petro, Telegram what the Colombian drug lord Pablo Escobar has to do with cryptocurrencies.
At the end of the week, bitcoin is losing its positions. The cryptocurrency could not break above the psychological level at $9,000 and fell again. Now bitcoin is trading near $8,500. Support lies at $7,800.
🔸 Tom Lee, co-founder of a research firm Fundstrat, forecasts a growth of bitcoin to $91,000 in 2020. So, hold your breath and HODL. He is sure that a bearish trend in altcoins is close to ending. He highlighted that bitcoin is still the most attractive asset for investments.
🔸 The head of Twitter Jack Dorsey said that bitcoin will become the world's “single currency” in about 10 years.
🔸 There’s a contrary opinion. Morgan Stanley analysts think that bitcoin price repeats the dynamics of the “dotcom” bubble but 15 times faster. Earlier they counted bitcoin’s price and it appeared to be 0!
🔸 The cryptocurrency exchange Binance in Japan can be closed as it has no license.
🔸 A new governor of People's Bank of China said that bitcoin is a currency that gives freedom. It was quite surprising as his predecessor cryptocurrencies can cause negative consequences at the financial market.
This is not all! Follow the link below if you want to find out the news about El Petro, Telegram what the Colombian drug lord Pablo Escobar has to do with cryptocurrencies.
☕Greetings! Here are the latest ideas of FBS analysts.
Trade ideas from Tatyana Norkina
USD/JPY: Sell – 105.50; SL – 105.70; TP1 – 105.00; TP2 – 104.30.
AUD/USD: Sell – 0.7730; SL – 0.7750; TP1 – 0.7610; TP2 – 0.7580.
Trade idea from Andi Zabur Rahman
GBP/USD: Sell; SL – 1.4269; TP – 1.4046.
Trade ideas from Ivan Karamazov
XAU/USD: 1. Buy – 1365; SL 1350; TP1 1395; TP2 1410; TP3 1425. 2. Buy – 1340; SL – 1325; TP1 – 1380; TP2 – 1395; TP3 – 1410.
Have a great day!
🏁
Trade ideas from Tatyana Norkina
USD/JPY: Sell – 105.50; SL – 105.70; TP1 – 105.00; TP2 – 104.30.
AUD/USD: Sell – 0.7730; SL – 0.7750; TP1 – 0.7610; TP2 – 0.7580.
Trade idea from Andi Zabur Rahman
GBP/USD: Sell; SL – 1.4269; TP – 1.4046.
Trade ideas from Ivan Karamazov
XAU/USD: 1. Buy – 1365; SL 1350; TP1 1395; TP2 1410; TP3 1425. 2. Buy – 1340; SL – 1325; TP1 – 1380; TP2 – 1395; TP3 – 1410.
Have a great day!
🏁
#forextips
💡 The winning formula from Linda Raschke
The famous trading coach Linda Raschke in her book “Professional trading techniques” invented a special formula for trading successfully.
So, for earning more in Forex you need:
• Passion – a driving force that motivates you to succeed.
• Belief – faith that you can achieve your goal.
• Game plan – a strategy or a business plan to attack your goal. Lack of organization and preparation is the main reason for failed trades.
• Integrity – your personal value system.
• Commitment – devotion to your goal. Commitment opens an unlimited source of energy reserve inside us. It provides us with the strength to keep moving forward each day, even if there is no visible progress.
💡 The winning formula from Linda Raschke
The famous trading coach Linda Raschke in her book “Professional trading techniques” invented a special formula for trading successfully.
So, for earning more in Forex you need:
• Passion – a driving force that motivates you to succeed.
• Belief – faith that you can achieve your goal.
• Game plan – a strategy or a business plan to attack your goal. Lack of organization and preparation is the main reason for failed trades.
• Integrity – your personal value system.
• Commitment – devotion to your goal. Commitment opens an unlimited source of energy reserve inside us. It provides us with the strength to keep moving forward each day, even if there is no visible progress.
As we rush into the weekend, here is our choice of…
📺Movies for traders
1. The Big Short
This is the story of several financial analysts and hedge fund managers who were able to predict the US financial crisis of 2008. The film won the Academy Award for the Best Adapted Screenplay and got 4 other nominations. Apart from being entertaining, it manages to explain complex financial instruments to the viewers. The cast includes Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt.
2. Rogue Trader
The film is based on the true story and stars Ewan McGregor as a trader who is gambling away the money of his employer. The protagonist is going further and further in trying to cover up his huge losses – it’s a great visual for all reckless gamblers and hot-tempered traders.
3. Wall Street and Wall Street: Money Never Sleeps
Wall Street (1987) is a classic movie every trader should watch. Michael Douglas portrays an unscrupulous corporate raider Gordon Gekko who says that “greed, for lack of a better word, is good." A young stockbroker played by Charlie Sheen starts as a fan of Gekko, but as the story develops the two engage in an intense confrontation. Who will be the winner: the master or the apt pupil?
Wall Street: Money Never Sleeps (2010) is a sequel. The action takes place in 2008 and shows the further fate of the infamous Gordon Gekko.
4. The Wolf of Wall Street
A black comedy and a crime film with Leonardo DiCaprio playing the leading part. Moreover, the hero is based on the real Wall Street star Jordan Belfort. The film was named controversial for its morally ambiguous depiction of events, explicit sexual content, profanity, hard drug use and the use of animals during production. At the same time, the film has many awards and is a great topic for small talk.
5. Boiler Room
A young man starts working for a brokerage firm. Later he finds out that the company runs a dirty business, and FBI wants to make him their informant. The film shows the nature of financial scams and people who make them. Everyone wants to be a millionaire, but not everyone can choose the way to big money wisely.
📺Movies for traders
1. The Big Short
This is the story of several financial analysts and hedge fund managers who were able to predict the US financial crisis of 2008. The film won the Academy Award for the Best Adapted Screenplay and got 4 other nominations. Apart from being entertaining, it manages to explain complex financial instruments to the viewers. The cast includes Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt.
2. Rogue Trader
The film is based on the true story and stars Ewan McGregor as a trader who is gambling away the money of his employer. The protagonist is going further and further in trying to cover up his huge losses – it’s a great visual for all reckless gamblers and hot-tempered traders.
3. Wall Street and Wall Street: Money Never Sleeps
Wall Street (1987) is a classic movie every trader should watch. Michael Douglas portrays an unscrupulous corporate raider Gordon Gekko who says that “greed, for lack of a better word, is good." A young stockbroker played by Charlie Sheen starts as a fan of Gekko, but as the story develops the two engage in an intense confrontation. Who will be the winner: the master or the apt pupil?
Wall Street: Money Never Sleeps (2010) is a sequel. The action takes place in 2008 and shows the further fate of the infamous Gordon Gekko.
4. The Wolf of Wall Street
A black comedy and a crime film with Leonardo DiCaprio playing the leading part. Moreover, the hero is based on the real Wall Street star Jordan Belfort. The film was named controversial for its morally ambiguous depiction of events, explicit sexual content, profanity, hard drug use and the use of animals during production. At the same time, the film has many awards and is a great topic for small talk.
5. Boiler Room
A young man starts working for a brokerage firm. Later he finds out that the company runs a dirty business, and FBI wants to make him their informant. The film shows the nature of financial scams and people who make them. Everyone wants to be a millionaire, but not everyone can choose the way to big money wisely.
👍3
🎯 Good day! Are you looking for new trades? Consider the ideas of FBS team!
Trade ideas from Ivan Karamazov
USD/JPY: Buy – 107.00; SL – 106.45; TP1 – 107.85; TP2 – 108.00.
USD/CHF: Buy – 0.9580; SL – 0.9525; TP1 – 0.9680; TP2 – 0.9740; TP3 – 0.9790.
EUR/JPY: Buy – 131.80; SL – 131.25; TP1 – 132.80; TP2 – 133.20; TP3 – 136.70.
Trade ideas from Tatyana Norkina
EUR/USD: Sell – 1.2240; SL – 1.2260; TP1 – 1.2180; TP2 – 1.2150.
🙏 May the profit be with you!
Trade ideas from Ivan Karamazov
USD/JPY: Buy – 107.00; SL – 106.45; TP1 – 107.85; TP2 – 108.00.
USD/CHF: Buy – 0.9580; SL – 0.9525; TP1 – 0.9680; TP2 – 0.9740; TP3 – 0.9790.
EUR/JPY: Buy – 131.80; SL – 131.25; TP1 – 132.80; TP2 – 133.20; TP3 – 136.70.
Trade ideas from Tatyana Norkina
EUR/USD: Sell – 1.2240; SL – 1.2260; TP1 – 1.2180; TP2 – 1.2150.
🙏 May the profit be with you!