Gold correlation or how to protect your trading portfolio from risks?
Gold is rightfully considered a safe-haven asset for financial markets, attracting special attention in times of crisis and market unrest.
However, knowing the principles of correlations between gold and other assets, you can reduce the risk levels of your portfolio at any time.
In this article we will understand what gold trading is and what features you need to know in order to make money on the precious metal and not lose it.
The information partner of the material is the dynamic broker NPBFX , whose reliability has been tested by time.
Where to store cash, the most profitable and convenient options
The situation in the world is rapidly changing and the question of where to store cash arises with renewed vigor for those people who have this money.
Moreover, we are talking specifically about cash, since in this case everything is much more complicated than if you kept money in your bank account.
The reasons why people choose cash vary from person to person, but let’s talk about what is the best way to store cash today to avoid possible problems in the future.
First of all, you should pay attention to the availability of options, that is, what currency can be bought and sold today, since this is the main indicator of liquidity .
How to trade cryptocurrency in Belarus and is it legal to do so?
I have heard more than once that cryptocurrency is prohibited in Belarus and if you perform any operations with these assets, your bank account will be blocked.
This statement is true, but only partly true; in fact, not everything is so sad if you know Decree No. 367 “On the circulation of digital signs (tokens),” which today regulates cryptocurrencies in the Republic of Belarus.
Based on this decree, the circulation of cryptocurrencies is not prohibited at all, it’s just that all transactions with cryptocurrencies must go through “Residents of the Hi-Tech Park”
That is, you can buy and sell cryptocurrency in the territory of the Republic of Belarus only through companies located in this list - Residents for trading cryptocurrencies in the Republic of Belarus .
How can artificial intelligence be useful in stock trading?
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Today, AI helps humans in tasks such as programming, translations, writing texts, data analysis, diagnosing diseases, and even developing new drugs.
Despite the fact that most Artificial Intelligences refuse to give direct recommendations for trading on the stock exchange, these programs can still be useful to a trader.
Stock trading has always been associated with a high degree of uncertainty. Traders are constantly looking for new tools that will help them make more informed decisions and increase profitability.
Why won't altcoins follow the fate of Bitcoin?
Many of us have a hard time forgetting the missed opportunity to buy Bitcoin for a couple of dollars per coin, which is why investing in altcoins is so popular today.
Most investors understand that there are practically no prospects for Bitcoin’s record growth, but for a cryptocurrency worth less than a dollar, the future seems quite promising.
It is clear that it seems more realistic that a $0.10 coin will become worth $100 than a $50,000 coin will reach a price of $5,000,000.
That’s why many investors love to buy cheap cryptocurrencies, dreaming of sky-high prospects.
When will Bitcoin cost $1 million?
One of the favorite pastimes of financial analysts is making forecasts regarding the maximum value of Bitcoin.
For several years now, leading experts from banks and investment funds have been competing to predict how much the leading cryptocurrency will cost in the future.
However, the most optimistic forecast is that Bitcoin will reach a value of $1 million by 2030, 2033 or 2040.
Moreover, according to some financiers, a million dollars is far from the limit of the price that Bitcoin can reach. For example, such a famous American investor as Cathie Wood predicts a maximum value of 1.5 million US dollars per coin.
Is there a fair alternative to casinos?
The popularity of online casinos is growing every day, some play to get strong emotions, and some hope to win money this way.
But if there are no problems with receiving emotions, then it is almost impossible to win in an online casino. The income of online casino owners amounts to hundreds of billions of dollars and all this is money lost by someone.
In most cases, gambling enterprises spend no more than 5% of their profits on winnings, and this is after deducting all expenses.
Therefore, many of the casino players are asking the question – Is there a more profitable and less risky casino alternative?
Short-term trading or long-term investment, an informed choice
Conventionally, all trading on the stock exchange can be divided into two categories - trading and long-term investments .
The main advantage of short-term trading has always been high profits, and long-term investments have been valued for their low risk.
Therefore, those who wanted to earn a lot and quickly chose trading, and investors who did not want to risk a lot of money preferred long-term investments.
But every year the situation is changing more and more and we can already say that long-term investments are no longer low-risk.
Why do people take money to financial pyramids?
It has always been a mystery to me why people are so willing to take their money to financial pyramids, because it is so easy to distinguish a pyramid from a reliable source of income.
The main features of a financial pyramid are record profitability, aggressive advertising, and the lack of licenses to provide financial services.
Every year millions of people become victims of scammers, and the earnings of these financial organizations amount to billions of US dollars.
Today people invest money in financial pyramids for a number of reasons:
How to get a million dollars for trading on the stock exchange
When communicating with different people, you very often hear the phrase: “If I could get a million dollars, I would go to trade on the stock exchange.”
Such people literally understand the phrase “Money makes money” and believe that the secret to success in stock trading lies not so much in trading skills, but in the size of the deposit.
That is, they think that if you have a million dollars, making money on the stock exchange with such capital is quite simple. But they don’t even realize how easy it is today to get a million US dollars to open transactions.
And this opportunity allows you to check in practice whether money can make money, and how true this statement is.
How to learn trading from scratch and start making money on the stock exchange
The most difficult thing in any business is the first step, the beginning of the process, when you need to start, but you don’t even put down what you need to take on.
Moreover, it is one thing if you study with a teacher, but completely different if you have to gain knowledge on your own, without outside help.
I am also often asked how I began my acquaintance with stock trading, because thirteen years ago there was much less information and opportunities than now.
It’s inconvenient to admit, but I used the so-called “trial and error method” when first you try to perform an action, and if something doesn’t work out, you look for instructions on how to do it correctly.
Expanding the spread for holidays, myths and reality
Almost every holiday, we receive warnings from our brokers about a possible widening of spreads.
For this reason, there is an opinion that trading these days is not profitable, since the size of the spread is simply off the charts.
Yes, I myself remember the times when Alpari before the New Year had a spread on the EURUSD pair of 100 points, and this was with a four-digit quote.
But how are things today, how significant is the expansion of the spread on days when the liquidity of assets on the exchange decreases?
Everything here is quite individual and depends on the holiday and the type of asset you are going to trade.
What is a cross rate and the most popular cross pairs on Forex
The exchange rate is the price of the monetary unit of one country expressed in the monetary units of another country.
But due to circumstances, it is not always possible to exchange between two currencies, due to the lack of direct quotes; in these cases, the cross rate is used.
A cross rate is the exchange rate of one currency against another, expressed in terms of a third currency.
For example, today it is impossible to directly exchange the Ukrainian hryvnia for the Russian ruble, but circumstances are different; in this case, the cross rate through the US dollar is used to determine the exchange rate between the two currencies.
Where is it more profitable to trade cryptocurrency, an exchange or a broker?
Over the past few years, cryptocurrency has become one of the most popular assets among traders who make money from changes in its exchange rate.
The trading strategy has also changed significantly recently; now few people only buy and hold until the price rises; most players make short-term transactions.
A large number of transactions places high demands on the place where you trade, sometimes the amount of profit received depends on this.
Currently, you can exchange cryptocurrency on a crypto exchange, through an exchange broker, and directly in your wallet.
Should you invest in Swiss francs in 2024?
The Swiss franc is one of the most stable currencies in the world; it is the one most often chosen by national banks to store their gold and foreign exchange reserves.
This makes the franc a good asset for preserving capital in times of uncertainty and geopolitical instability.
Over the past few years, the Swiss franc has appreciated significantly against major world currencies, which has increased its attractiveness for investors.
But everything changes, in times of economic instability, will the Swiss currency be able to maintain its position throughout 2024?
In 2024, there are a number of factors that could affect the Swiss franc. On the one hand, the Swiss economy, like the economies of many other countries, is under pressure due to inflation and geopolitical events.
How to withdraw money from Ukraine to another country?
In connection with the war in Ukraine, many citizens have a need to withdraw or transfer their savings to another country.
If we are talking about small amounts, then this is as simple as possible, because you can export an amount of 10,000 euros from Ukraine without additional documents.
But with more money, bigger problems can arise, due to which you can lose all your savings.
The situation with non-cash money is also not clear, since problems have arisen in the past when processing regular bank transfers abroad, and now it is completely difficult to predict the development of events.
How to reduce taxes by trading cryptocurrency
For many investors involved in cryptocurrency trading, it becomes an unpleasant surprise when they have to pay a considerable amount of taxes.
It would seem that if you trade cryptocurrency, you are not at all obliged to pay anyone anything, but in fact, any profit, including from trading cryptocurrencies, is subject to taxation.
Tax liability arises as soon as you exchange cryptocurrency for regular money and it goes into your account or you receive cash.
We discussed the taxation of cryptocurrencies in more detail in this article - https://time-forex.com/kriptovaluty/nalogi-kriptovaluty and today we’ll talk about how you can avoid paying taxes on earnings with cryptocurrencies.
Why am I losing on the stock market?
This is the question most traders ask after they once again entered into an unsuccessful transaction that led to losses.
There can be many reasons for losing, some of which are completely independent of the qualifications and personal characteristics of the trader.
Today we will try to talk about what leads to unprofitable trades and how to get out of such situations.
But before starting the discussion of the topic, I would like to say that trading and not losing on the stock exchange is simply not realistic, unless you have a good source of insider information.
Bitcoin as a hedge against inflation?
Inflation is an increase in prices for goods and services, which leads to the depreciation of money; if the inflation rate remains 5% per annum, then in 10 years your savings will depreciate by half.
Inflation can be caused by various factors, such as an increase in demand, an increase in the amount of money in circulation, or a worsening economic situation. This process affects not only weak currencies, but also such as the dollar or euro.
Investors often consider various options for protection against inflation, including investments in gold, real estate and other assets.
In recent years, the possibility of using Bitcoin as a protection against the depreciation of money has been increasingly discussed.
Is it possible to cheat Forex and why you shouldn’t do it?
Forex is an international currency exchange market where tens of millions of transactions are made every day.
This is a huge and complex market in which both large financial institutions and individual traders operate.
Trading on Forex requires certain skills and knowledge, so making money here is not easy, and after unsuccessful attempts, many traders have a desire to cheat on Forex, that is, to make money regardless of changes in the exchange rate.
Usually in these cases they try to make money using various schemes, such as:
What to choose a legal entity or individual for trading on the stock exchange
If you decide to trade on Forex or another market, you must take into account that in addition to trading, there are also a lot of other organizational issues.
One of these issues is the choice of a person on whose behalf a trading account will be opened with a brokerage company.
Today, most brokers allow registration for both individuals and companies (legal entities).
This opportunity allows you to optimize taxation as much as possible, that is, work completely legally, while reducing the amount of tax deductions.
Which session to choose for trading on the stock exchange
When starting to trade on the stock exchange, a trader faces a lot of questions, one of which is - During which session is it better to trade.
Schedule of trading sessions – https://time-forex.com/torgovye-sessii-forex
After all, quite a lot depends on the timing of trading, from market volatility to the ability to open transactions.
When answering this question, first of all, you should take into account the very availability of opening transactions on a particular asset.
For example, you can trade cryptocurrencies 24/7, that is, at any time, regular currencies 24/5 around the clock on weekdays, precious metals 24/5, stocks 8/5 only during stock exchange hours, commodity futures during stock exchange hours, but there may be nuances.
What affects the euro exchange rate and how to use these factors to make a profit
The euro exchange rate is the price of the euro expressed in another currency. This is a value that is constantly changing depending on many factors, including the economic situation in the Eurozone countries, global trends and the political situation.
The value of the euro is important not only for international trade, but also for investors who use currency pairs for profit.
The importance of the euro exchange rate for the economy and investment of the Eurozone is quite high. This indicator affects the cost of imports and exports of goods and services, as well as the cost of foreign investments.
For example, when the euro appreciates against another currency, goods and services from the Eurozone become more expensive for buyers using that other currency.
In which currency should you store money in 2024?
Strange as it may seem, you can lose money even without trading on the stock exchange, but simply by keeping a deposit in the wrong currency.
The currencies of the CIS countries regularly lose tens of percent of their value in relation to hard world currencies.
Moreover, the depreciation is so significant that the losses cover the profit from interest on the deposit for several years.
I was able to verify this from my own experience; at one time I kept a large sum of money on deposit for three years at 10% per annum. During this time, my earnings amounted to 30%, but after a sharp fall in the national currency, I lost 50% if I converted the money to the US dollar.
How to become a financial analyst and what is it for?
There is a fairly large list of specialties related to stock trading, these include traders, programmers, journalists, financial analysts, and financial consultants.
At the same time, the profession of a trader is the most popular, but not everyone manages to master it.
Unfortunately, to trade independently, you need to have not only initial capital, but also certain knowledge and experience.
You can get all this by working as a financial analyst, thanks to which you will receive everything you need for successful trading on the stock exchange.
It is not surprising that most of the outstanding financiers began their careers as analysts.
Important factors causing oil price fluctuations
World oil exchanges play a critical role in the global economy, determining the price of one of the most sought after commodities - oil.
The largest of them are the New York Mercantile Exchange (NYMEX), the London Intercontinental Exchange (ICE) and the Singapore Mercantile Exchange (SGX).
These organizations serve as the main venues for trading oil, and set its prices, which are then used throughout the world.
Oil pricing is a complex process that depends on many factors that have a cumulative impact on the cost of energy resources.
Can Google's Bard AI be used for trading?
After such artificial intelligence as ChatGPT appeared, many began to consider AI as an assistant in stock trading.
But during testing, it turned out that all the data in ChatGPT dates back to 2021 and it does not have up-to-date information, that is, when asked what the euro exchange rate is today, the AI will provide information for 2021.
Therefore, this AI can only be used to search for information on the loaded 2021 database; it cannot be asked to predict exchange rates or recommend promising securities.
But ChatGPT today is no longer the only such artificial intelligence.
Not long ago, Google premiered Bard, which is a large language model created by Google AI to solve a wide range of problems.
Why do people quit stock trading?
Stock trading is one of the most profitable activities; in terms of profitability, it is second only to drug trafficking.
But, despite this, there are a large number of people who tried their hand at trading and gave up.
Only I have about a dozen acquaintances who at one time were engaged in stock trading and for various reasons decided to leave this occupation.
Many will be interested in what makes people give up a legal and even such a profitable activity as stock trading. Perhaps you shouldn't do this either.
How will the terrorist attack at the Zaporozhye nuclear power plant affect financial markets?
With every year of life you become more and more pessimistic and begin to believe in the worst, and this is not surprising.
Just a few years ago, no one believed in the possibility of a global war between Russia and Ukraine, but the conflict has already lasted more than a year.
Now they are talking about the high probability of a terrorist attack at the Zaporozhye nuclear power plant, and no matter how sad it is, it should be recognized that such a possibility exists.
If a radiation leak occurs at this facility, the event will affect not only the environment and human health, but also financial markets.
Is it possible to really make money on Forex? We conduct a test drive for $100
This question is the most common among those people who first heard about Forex.
Our answer to this is unequivocal - yes, it is possible to make money on Forex! And in order not to be unfounded, trying to convince you of this, we will conduct a real test drive on a real trading account.
NPBFX (NEFTEPROMBANKFX), which is our long-time and reliable partner, will help us with this
We will start trading with a small amount - $100, which is what many novice traders start with.
Risks of trading without leverage and can they be avoided?
Forex trading has fallen into disrepute mainly due to the high leverage and risks that this instrument carries.
On almost any website related to stock trading, you will come across a warning that using margin trading, you can lose your money.
One gets the impression that if you do not trade only with your own money, that is, open transactions with a volume less than or equal to the amount in the account, then the risk of losses will be reduced to almost zero.
But in fact, there are times when you can lose your deposit without even resorting to leverage, that is, the absence of leverage is not a guarantee of safety when trading on exchanges.