How to Automate Your Trading without Writing Code
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How to Automate Your Trading without Writing Code

Via Forexop Last updated on July 13th, 2020 Most of those who’ve traded forex, cryptos or other markets for a few months have probably come up with a strategy idea that they think could be ripe for automation. It is repeatable, it is scalable and has the potential to create a nice monthly income for...

5 MUST do things to Protect Profits in a Down Cycle
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5 MUST do things to Protect Profits in a Down Cycle

Via Forexop Last updated on July 6th, 2020 1. Have a backup strategy One of the smartest things you can do in a down cycle is having the ability to switch to an alternative trading strategy. Or even an alternative asset class. It’s fair to say that many of the strategies out there are designed...

Naked Trading – Declutter Your Charts
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Naked Trading – Declutter Your Charts

Via Forexop Last updated on June 29th, 2020 An abundance of complicated chart indicators, studies and other tools has led some people to question the wisdom of this approach. Do we really need all of this stuff on our charts? Is naked trading a viable strategy? © forexop People in the naked trading camp would answer a...

Ethereum 2.0: What is it and What does it Mean for Crypto?
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Ethereum 2.0: What is it and What does it Mean for Crypto?

Via Forexop Last updated on June 22nd, 2020 Ethereum Basics First of all, what is Ethereum? Many people know Ethereum simply as a tradable cryptocurrency, much like bitcoin. This is true. The native cryptocurrency of Ethereum is ETH and you can buy it, hold it, and use it as means of payment or exchange where...

5 Asset Backed Cryptos to Watch
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5 Asset Backed Cryptos to Watch

Via Forexop Last updated on June 15th, 2020 Digital asset backed tokens solve the problem of purchase, storage, and exchange of commodities that exist in the real world. Gold for example is expensive to store, to move, and to transfer from one owner to another. Tokenization aims to put the ownership of these assets on...

Earning Interest on your Cryptocurrency
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Earning Interest on your Cryptocurrency

Via Forexop Last updated on June 8th, 2020 Turning idle crypto coins into real cash is a big incentive for many hodlers. Yet the market for cryptocurrency lending and borrowing is still evolving. Getting a return on your cryptos © forexop Whilst that is the case, there are several platforms to choose from if you’re planning on...

7 Easy Ways to Value a Cryptocurrency
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7 Easy Ways to Value a Cryptocurrency

Via Forexop Last updated on June 1st, 2020 An abundant supply of new cryptocurrencies and tokens means that we need to have some simple tools to understand their value. Most investors are familiar with the valuations used for companies such as price to earnings and price to book, but what yardsticks can we use to...

Central Banks and the Paper Gold Market
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Central Banks and the Paper Gold Market

Via Forexop Last updated on May 25th, 2020 With gold seen once more as a strategic asset, central bank buying has been steadily on the rise. One obvious reason is to diversify foreign exchange reserves away from US dollars. In an unstable world, this makes perfect sense. Central banks gold purchasing © forexop It is no secret...

Stablecoins: Uses and Limitations
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Stablecoins: Uses and Limitations

Via Forexop Last updated on May 18th, 2020 What are stablecoins? Stable coins work much like other digital cryptocurrencies and have most of their advantages. However, unlike freely floating coins like Bitcoin and Ethereum, stablecoins are pegged to something in the real world. The pegging can be to fiat currency, a basket of currencies, or...

Bitcoin Halving Events Explained
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Bitcoin Halving Events Explained

Via Forexop Last updated on May 11th, 2020 One of the fundamental value factors of bitcoin and other cryptocurrencies is their rate of supply. Bitcoin’s protocol is what sets the supply rate of newly minted coins. This is its supply schedule, and the supply of new bitcoins diminishes over time. Cryptocurrency halvings © forexop Fiat currency and...

DEFI and How it’s Quietly Shaping the Future
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DEFI and How it’s Quietly Shaping the Future

Via Forexop Last updated on May 4th, 2020 There is a quiet revolution going on and it is shaping the way we will work, invest, save and borrow. DEFI is the decentralization of finance and of things and it offers us the ability to trade and monetize our assets more freely than ever before. In...

Central Bank Crypto Currency: Is it the Future of Fiat Money?
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Central Bank Crypto Currency: Is it the Future of Fiat Money?

Via Forexop Last updated on April 27th, 2020 FedCoins, EuroCoins, BritCoins & Digital RMB Central banks across the world are scrambling to get on the crypto currency bandwagon. The US Federal Reserve, European Central Bank and the Bank of England have each suggested some form of venture into the world of crypto currencies and crypto...

Gold’s Explosive Potential in a Crisis
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Gold’s Explosive Potential in a Crisis

Via Forexop Last updated on April 20th, 2020 Currency or Asset? For most investors most of the time, gold is just another currency. But in times of turmoil, gold takes on another meaning. It is an asset that is a store of value when prices of other assets are collapsing. It is also a reliable...

Gold and Silver Trading: Should We Trust the Paper Market?
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Gold and Silver Trading: Should We Trust the Paper Market?

Via Forexop Last updated on April 13th, 2020 The Fiat Monetary System JP Morgan famously said, “Gold is money, everything else is credit”. Much of the modern global financial system is a paper system that relies on trust between counterparties. We assume the money will be there when needed. This is even true of the...

5 Profit Making Cryptocurrency Trading Strategies
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5 Profit Making Cryptocurrency Trading Strategies

Via Forexop Last updated on April 6th, 2020 Let’s face it. Buy and hold (hodling) is not for everyone. If you want to ratchet up those profits, or even create a bit of income from your crypto assets you need to look for something a bit more dynamic. In this article, we will look at...

Crisis Investing: Making Money from Market Chaos
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Crisis Investing: Making Money from Market Chaos

Via Forexop Last updated on March 30th, 2020 Serious bear markets do not come about that often. When they do, they create some once in a lifetime trading opportunities if you are tuned in and aware of history and market cycles. Knowing where opportunities are most likely to arise is essential to surviving and profiting...

Basic Rules for Trading the Harmonic Butterfly
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Basic Rules for Trading the Harmonic Butterfly

Via Forexop The butterfly is a harmonic chart pattern which you can use to trade possible trend reversals. Relatively new, it was first publicized in the 1990s by Bryce Gilmore and then later by Scott Carney. In this article, we’ll first look at how to recognize the butterfly, how to confirm a good trade setup,...

Advantages of Trading Currency Futures vs Cash
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Advantages of Trading Currency Futures vs Cash

Via Forexop Last updated on June 24th, 2019 One of the questions that a forex trader may ask is should I trade spot or futures? This article compares the differences between trading in the cash market compared to the futures market and looks at the pros and cons of each. Currencies and the Spot Market...

Bearish Crab, Bullish Crab – Trading Systems for Harmonic Patterns
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Bearish Crab, Bullish Crab – Trading Systems for Harmonic Patterns

Via Forexop Crab patterns often start to unfold when a market is making its highest high or lowest low in an established trend. These harmonic structures can forecast strong reversals which a trader can exploit with a cautious setup. This article describes a lower-risk system for trading crab reversals using Fibonacci ratios for entry and...

Simple Forward Collar Strategy
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Simple Forward Collar Strategy

Via Forexop The forward collar is a trade-off strategy, with it you give up some upside gains in return for protecting downside losses. With a full collar, the losses and upward gains are fully limited while the structure is in place. When is a Forward Collar Useful? The forward collar strategy is useful when you...