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Saturday 25 July 2015

BITCOIN EXCHANGES AND MONEY LAUNDERING - FBI

The latest action was made against Anthony R. Murgio and Yuri Lebedev of West Palm Beach Florida. The duo has been arrested for running an unlicensed Bitcoin exchange.

According to the press release the FBI the two men are being charged for operating this exchange through a "phony front-company and, at times, a federal credit union that Murgio acquired for purposes of the scheme":

"Since at least late 2013, MURGIO, LEBEDEV, and their co-conspirators have knowingly operated Coin.mx, a Bitcoin exchange service, in violation of federal anti-money laundering (“AML”) laws and regulations, including those requiring money services businesses like Coin.mx to meet registration and reporting requirements set forth by the United States Treasury Department. Through Coin.mx, MURGIO, LEBEDEV, and their co-conspirators enabled their customers to exchange cash for Bitcoins, charging a fee for their service. In doing so, they knowingly exchanged cash for people whom they believed may be engaging in criminal activity. MURGIO and his co-conspirators have also knowingly exchanged cash for Bitcoins for victims of “ransomware” attacks, that is, cyberattacks in which criminals (here, distributors of the ransomware known as “Cryptowall”) electronically block access to a victim’s computer system until a sum of “ransom” money, typically in Bitcoins, is paid to them. In doing so, MURGIO, and his co-conspirators knowingly enabled the criminals responsible for those attacks to receive the proceeds of their crimes, yet, in violation of federal anti-money laundering laws, MURGIO never filed any suspicious activity reports regarding any of the transactions."

The FBI says that since at least late 2014, Murgio, Lebedev and co-conspirators have operated Coin.mx

By the way, bitcoin has often been blamed for being used for Money Laundering...

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Thursday 23 July 2015

GOLD RISES FOR FIRST TIME IN 11 DAYS, BUT GAINS SEEN CAPPED

On Thursday gold stemmed the 11-day losing streak, but still held below $1,100 an ounce.

Comex gold for August delivery added $4.70, or 0.43%, to trade at $1,096.10 a troy ounce during European morning hours.

A day earlier, gold dropped to $1,085.60 before recovering mildly to close at $1,091.50, down $12.00, or 1.09%.

Prices of the yellow metal plunged to a five-year trough of $1,080.00 on Monday.

Gold has been under heavy selling pressure in recent months amid speculation the Fed will raise interest rates for the first time in eight years as soon as September.

Demand for the greenback remained buoyed after data on Wednesday showed that U.S. existing home sales rose to an eight-and-a-half year high in June.

The National Association of Realtors reported Wednesday that sales of existing homes in the U.S. rose 3.2% in June to 5.49 million units, the fastest pace since February 2007. Analysts had expected the data to show a 1.2% rise - to 5.40 million units.

Credit: mql5.com

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BLOCKCHAIN COMPANY TO LIST ON LONDON AIM MARKET

Coinsilium says that it will list on London’s AIM market, which would make it the first such company to publicly list. Once the company is listed on London AIM market so the investors would be able to invest in the stocks and get exposure to the new technology. Company holds ownership in the range of 5% and 20%; however, the common theme is blockchain. Blockchain is the mechanics used to verify Bitcoin transactions and they believes that it is a revolutionary technology that can have huge implications for various industries.

Credit: mql5.com

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Wednesday 22 July 2015

GOLD, COPPER SEE A REBOUND, BUT GAINS CAPPED

The metals sector rebounded Tuesday with gold consolidating above $1,100 an ounce as investors saw a cheaper gold as a buying opportunity.

Gold futures for August delivery inched up 50 cents, or 0.05%, to trade at $1,107.40 a troy ounce, while silver futures for September delivery rose 5.9 cents, or 0.4% to trade at $14.81 an ounce.

Comex copper for September delivery added 2.8 cents, or 1.13%, to trade at $2.510 a pound during European morning hours.

Gold prices have dropped more than 4 percent in recent sessions. Although the metal regained some ground today, it remained under pressure as the dollar touched a three-month high on firming expectations of an interest rate hike.

Investors have found less stimulus to hold gold, as the dollar strengthens ahead of an expected increase in U.S. interest rates later this year, the first in nearly a decade.

James Bullard, President of St.Louis Fed, said on Monday there was a better than 50 percent chance that the U.S. central bank will raise interest rates in September.

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Wednesday 15 July 2015

MALAYSIA AIRLINES: "WE ARE TECHNICALLY BANKRUPT"

Malaysia Airlines is "technically bankrupt", its chief executive officer said, as he announced restructuring and cutting of around 6,000 jobs. The restructuring program comes after years of losses and the two disasters of MH370 and MH17, which forced the company's nationalization last year.
Currently, the airline is operating in a normal regime and no flights are affected.
The move was expected and follows the appointment of new chief executive Christoph Mueller in May, who was hired by the carrier's owner, Malaysian state fund Khazanah, to lead the restructuring.
"We are technically bankrupt," Mr Mueller told at a news conference. "The decline of performance started long before the tragic events of 2014."
The statement said the airline's immediate priority was to "stop the bleeding" in 2015, then to stabilize next year and start growing again by 2017.
Mr Mueller has previously led the recoveries of Ireland's Aer Lingus, Belgium's Sabena and Germany's Lufthansa airlines. Famed for slashing jobs at the airlines, he has earned the nickname "the Terminator", says BBC.
In March 2014, Malaysia Airlines flight MH370 disappeared with 239 passengers and crew aboard. The plane is still missing.
Flight MH17 was shot down by a suspected ground-to-air missile four month after while in Ukrainian airspace, with the loss of 298 passengers and crew.
The twin catastrophes appeared to be the final straw for the already distressed business, which had reported losses for several years due to an active regional competition.
The carrier had previously disclosed plans to cut 6,000 jobs, saying it had "offered jobs" to 14,000 of its 20,000 workforce.
Mr Mueller mentioned that the airline could not expect that all of the job offers it had made to existing staff would be accepted, as employees could have received offers from its rivals.
1 September is a preliminary date to announce a rebranding.
In certain markets, Malaysia Airlines was a tarnished brand, but he would not say whether the rebrand would involve a change in name, logo or other alternations, Mr Muller said.
In more general terms, he said it was possible the airline might reduce the frequency of flights on certain routes, or reduce the size of aircraft on those routes, but he would not be drawn on if the airline would withdraw from some costly long-haul flights to Europe.
The carrier would not alter its long-haul flights to and from London as they are among its flagship routes.
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BITCOIN ATMS HAVE BEEN INSTALLED IS BRITISH COLUMBIA’S SIMON FRASER UNIVERSITY (SFU)

According to an announcement that has come from British Columbia’s Simon Fraser University (SFU), the campus bookstore would begin accepting Bitcoin payments starting 26th May. The official release informs that as part of the initiative, SFU will install Bitcoin ATMs at its three bookstore locations in Burnaby, Surrey and Vancouver.

British Columbia’s Simon Fraser University (SFU) also ensures that the units are provided by Ontario-based ATM operator BitSent. Interestingly, those who know about the Bitcoin landscape in Canada, this is the same company that boasts eight ATM locations across Canada. Thus, BitSent is quite experienced when it comes to Bitcoin ATMs.

According to SFU executive director of ancillary services Mark McLaughlin the decision was made as part of an effort to increase conversation about innovation on campus. He was quoted saying that the only way to have an opinion about digital currencies is to learn about it, and everyone is providing a firsthand experience in that regard.

The press release from the organization informs that to promote the launch, events will be held on 27th and 28th May marking ATM debuts at SFU bookstores in Burnaby and Surrey. There are several special rewards for customers. For instance, the first 100 customers who spend CA$20 or more in Bitcoin, will receive CA$5 gift cards.

Credit: mql5.com

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UPCOMING TREND- GOLD IS ABOUT TO START TRENDING

The strong U.S. dollar has pressured precious metals since last summer. Also, the talk of interest rate hikes by the Fed is said to have negatively influenced gold.

A standout feature this week, negatively impacting precious metals, is the latest COT report (Commitment of Traders), which reveals the positions of large traders in the gold and silver futures markets. This week’s COT report, for positions at the close of trade on Tuesday May 19th, shows a very strong accumulation of short positions by commercial traders, which indicates the capping power that can oppose this rally. It is no coincidence that gold’s recent rally was stopped this week. Do not expect a strong continuation of the rally in the very short term.

On the other hand, more gold-friendly factors include global monetary inflation and weakening currencies, which resulted in higher gold prices in those currencies. Moreover, we are seeing the first breakouts through long term declining trendlines in the precious metals complex.

From an intermarket perspective, gold appears to be preparing for a new trend. Our recent analysis shows that we should see new trends in the markets in the coming months.

The first half of 2015 was quite boring in most markets, but we expect a totally different picture in the second half of the year.

Gold could receive an assist from a very positive development this week. The CPI reading for April in the U.S. came in higher than expected. While the CPI stood at 0.0% in January of 2015, it increased to 0.2% in February and went up to 0.3 in April. That is the highest reading since the crash of the precious metals.

Gold is about to start trending. Investors should not anticipate a move, but should be preparing for an upcoming trend.

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TWO NORTH JERSEY LEGISLATORS PROPOSE LAW TO BITCOIN REGULATION

Assemblyman Mukherji (D-Hudson), and Assemblyman Gordon Johnson (D-Bergen) are proposing for Bitcoin regulation. The 30-page bill (A4478) would create a regulatory framework for the companies that deal in digital currency and offer taxes breaks to companies that service or exchange it.

Assemblyman Mukherji (D-Hudson), who introduced the measure, admitted that he wants to encourage innovation here in New Jersey. He thinks there’s an opportunity for job creation as well in the entire digital currency ecosystem. Interestingly, companies that work with digital currency tend to oppose stricter regulation like the plan put forward in New York.
However, a lot of people who have been observing the BitLicense proposed by Ben Lawsky and the one that is being proposed by the two lawmakers in North Jersey believe that the latter is drafted better. They are pushing for the type of regulation contained in the New Jersey legislation, dubbed the “Digital Currency Jobs Creation Act.”

The one proposed by the North Jersey legislators is friendlier to the industry than the one that was proposed by Ben Lawsky. The bill would prohibit municipalities from putting their own regulations or taxes on digital currency. At the same time the companies who deal in the industry would have to register with the state Department of Banking of Insurance.

Similarly, the companies which often use energy-consuming computer equipment would be exempt from paying taxes on money they spent on electricity.

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Tuesday 14 July 2015

IRAN AND SIX MAJOR POWERS REACH NUCLEAR DEAL

Iran and six major powers have reached a historic nuclear agreement, Reuters reported citing an Iranian diplomat. The news sent oil prices lower.
The deal would likely see some sanctions on Tehran lifted in return for limiting its nuclear program.
For more than two weeks, which included two deadline extensions, Iran and the major powers have been negotiating aiming to strike a deal under which Tehran would curb its nuclear program in exchange for relief from economic sanctions that have been a burden for its economy.
The foreign ministers of Iran, the EU, U.S., Russia, China, Britain, France and Germany will hold a concluding session at the United Nations headquarters in Vienna, and will then announce they have reached an agreement.
A press conference is scheduled for Tuesday morning at 9:30 a.m. London time.
If the deal is agreed, a UN Security Council resolution on it would be adopted in July and the steps to be taken by both sides - including Iranian limitations on its nuclear program and lifting sanctions on Iran - will begin in the first half of 2016.
Curbing Iran's nuclear ambitions has been an important priority for U.S. President Barack Obama, which could cause tensions between his administration and Congress, as well as with allies in the Middle East.
Some nations in the region are concerned that a lifting of economic sanctions could see Iran drive its conventional military capabilities, says CNBC.
Iran's demand for total lifting of an arms embargo - which would enable them to acquire, sell and provide weapons without any restriction - was one of the controversial issues delaying the announcement of an agreement. Russia and China, considered the major arms suppliers to Iran, support this demand.
However, the U.S. strictly opposes this due to worries that a removed embargo would legitimize Iran supplying weapons to the Assad regime in Syria and Hezbollah in Lebanon, says Israeli media resource Haaretz.

Source: Haaretz
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BITCOIN TIPPING SERVICE ACCEPTS VISA AND MASTERCARD CARDS

The decision from the company is expected to encourage the new users as it will help them do easy and fast recharge of their accounts. With the addition of the new payment option, ChangeTip will also get new customers.

Victoria van Eyk, the ChangeTip head of community informs that "users could previously use credit cards to make Bitcoin purchases through Coinbase, the company has added additional payment options". According to her the addition of a direct credit card purchasing option will remove added friction from the wallet top-up process. She was quoted saying that the idea is to make buying Bitcoin really easy, so the company decided to create an option where users can do it right on the website. The company according to her wants to provide the smoothest end-to-end experience. Interestingly, credit card users are restricted on how much Bitcoin they can purchase with the service.

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PARTNERSHIP HAS BEEN ANNOUNCED BY BITNET AND LIMONETIK

Two companies have agreed for strategic partnership to allow merchants to accept Bitcoin on the Limonetik payment platform. The partnership will allow merchants accept payment from anyone anywhere in the world at low cost and with no chargeback risk. Additionally, as the partnership will enable Limonetik to add Bitcoin to its already impressive portfolio of payment types, customers of Limonetik which range from ecommerce merchants to marketplaces to PSPs will benefit a lot.

Christophe Bourbier (CEO and co-founder at Limonetik) says that his company recognized the growing interest in digital currencies from its customer base and excited to partner with Bitnet to add Bitcoin to the service offering. He also admitted that they selected Bitnet as a partner due to the ease-of-integration and scalability of their platform

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Monday 13 July 2015

BITCOIN NEWS

BITCOIN REGULATIONS, NEW BITCOIN WALLET, AND MORE

Jersey to Create Bitcoin Regulations in Line with Public Opinion
The Government of Jersey has asked public to provide its opinion on whether it should regulate decentralized virtual currencies such as Bitcoin or not.
Blockchain Reveals First Look of its New Bitcoin Wallet
The announcement comes months after the company raised $30.5 million in seed funding from some of the top-tier investors, including Sir Richard Branson, Lightspeed Venture Partners, and Wicklow Capital. Prior to that, it was already popular for being an all-in-one service platform for its users, offering them all sort of technical information at one place.
Facebook To Join BitReserve
The San Francisco-based Bitcoin startup has now appointed Facebook’s lawyer Craig Clark as its Executive Vice President and General Counsel.
Credit: mql5.com
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Saturday 4 July 2015

PRESSURE ON GREEK ECONOMY IRRESPECTIVE OF REFERENDUM

Deutsche Bank About Before And After The Greek Referendum - strong pressure on the Greek economy irrespective of this weekend's referendum:
"A "yes" vote would be significantly more likely to lead to a quicker agreement with the creditors, but not without risks," DB argues.
"A “no” vote would open a wider range of possibilities. This notwithstanding, any agreement would likely require change that leads to a re-building of trust between Greece and its creditors," DB adds.
"Ultimately, the continued strong pressure on the Greek economy and the government's weak cash position will remain important catalysts for future developments, irrespective of this weekend's referendum," DB projects.
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Wednesday 1 July 2015

PSYCHOLOGY IN TRADING. IS IT IMPORTANT !!

Even to the study and the trade it is necessary to understand - and it is must whether to you this? Indeed Forex as no other form of activity - this increased by ex-trthem.
Thus, you learned about existence of this tempting and attractive method” easily and rapidly it will be enriched” without the serious instruction and the preparation as Forex. By such are described BY Forex, inviting to the short term courses on its study. And even the given relationship of the lucky and lost traders does not seem terrible against the background of iridescent prospects. Do not believe so that to trading it is possible to rapidly learn.
Studying Forex, for you one must to see entire picture as a whole, the interrelation of each motion of price on different TF, feel this. You never will become master of the situation, you only will be able to follow the market. The profession of trader requires constantly making decisions, taking to itself responsibility for their adoption, but not searching for prompts from without.

Basic errors about the market For [foreks]:

1. Trade on the market Forex does not require serious professional preparation.

2. Operations on the market For Forex are the analog of game into the tape-measure - players make rates, someone wins, and everything else - in the loss.
Forex - NOT tape-measure,  at the basis of a change in the exchange rates lie the specific regularities. The value of currency depends on the economic indices of the country, political events; it is determined by preferences and expectations of participants in the market.

3. Gain of some can be achieved only due to the loss of others.
On the currency market ForForex far from all they play on a change in the courses - there are large groups of participants, which use currency- exchange operations for other purposes. These are - exporter- importers, important investors and is other because of the fact that the leading world currencies freely are converted on the freely floating courses, such operations by themselves can become source of income.

4. Money on the market For Forex - purpose.
On the market For Forex of money this means of production, goods.
TRADE ON FOREX as any other form of activity, requires, besides the serious professional knowledge, the creation of the clear system of trade, strict movement to this system, a constant work on itself.

Are ready you to dedicate the part of your time to study and to work to Forex?
You do not hurry with decision making, market anywhere will not leave from you. It was yesterday, there is today and it will be tomorrow.  I lead below the basic principles of the trade Forex, after these several lines stands the enormous experience of practitioners. Do not disregard any of them

Basic principles of the trade Forex.
- Before beginning active trade, get to know itself and your weaknesses.
- Avoid carelessness in the work.
- Deal according to the clear, simple and clear plan.
- You remember that on the market can occur all anything.
- Do not deal against the trend, i.e., against the motion of the price of market.
- Do not accomplish purchase on the upper points and sale on the lower.
- Do not deal only therefore in order to deal.
- Know how to wait, and, after waiting for - rapidly to act.
- Trading - this is the work on its weaknesses.
- Success achieve only emotionally steady traders.
- Do not feel sorry about that earned.
- You be ready to losses and do not fear them.
- Do not make possible for small losses to be converted into the ruinous.
- Profit " gather” to the last drop.
Statement of personal purposes, planning the study Forex, practice. Knowledge itself and its weaknesses.
I lead below exemplary plan as it will manage problem stated in this theme. I accentuate your attention in what this is exemplary plan, in the course of time you will change it so that it was comfortable for you. Periodically reexamine each point, you sum up the sums, plan new purposes.

1. Summing up of the results of my life today. Purposes of my life.
Break global purposes into the more short term. Paint short term with the periods of fulfillment.

2. Existing resources for achievement of purposes.
Compose the list of the traits of your nature, your strong and weak sides, which can help in the mastery trading, which can interfere. Try to be maximally frank with itself itself. Do not fear your negative traits of the nature (you they are not lonely at the holiday of life - they they are inherent in each person on the earth), with the love and the appreciation accept itself as such, such as you exists. Forex can become for you a good teacher in the work on itself. Selection after you - you will with it war or be friends.

You will determine for itself, how long you will give for the study and the work on Forex.
For example, in the course of day (4-6 hours), week (20-30 hours), month (80-120 hours).
Also you will be determined, in what time of day you will work.

You will determine the sum, which you have available for further work on the real calculation - respectively in order to avoid psychological discomfort, open [demo] calculation for the same sum. Money here goods, by tool with which for you one must work. Necessary to learn to them respectively it relates.
How much you want to earn per year, month (with the laying out on the days).

In what percent relationship Forex it will be source of income for you.

Maximum concentration is important at the moment of tradings. Forex does not pardon carelessness, emotional unbalance and the like try to limit itself to this period from the excess contacts.
In also the time, discussing with the adherents or with the family members your successes and defeats, you it can visit illumination - the new qualitative vision of market or the solution some of task, telling others about the important for you, you tell this, first of all to yourselves (examining from the different foreshortenings).

3. Will be coordinated Trading for the purposes of my life.
On the basis of the entire carried out work, bring the temporary sum, which you will reexamine after the time, is how harmoniously Trading can enter into your life how for you it is necessary to sacrifice, going along this way, that you will be able to acquire. You will be determined, for which you intend TO DEAL.

4. Planning the study of the profession of trader and practice of work to demo.
In order to achieve the goal - to become professional trader - to you necessary, by means of the study Forex and practical work to demo, to see picture as a whole, interrelation of each motion of price on different TF, to feel this. Forex very complex and wilful organism. You never will become master of the situation, you only will be able to follow the market.
The moments in the trade, which are connected with psychology.
On the psychological problems, which appear in the process of trade and, in particular, in the trade on Forex, are written the mountains of literature.

You, for the first time arrived on Forex, must be to them ready. However, what this for the problems?

1. Fear to lose money.
Fear before Forex appears after the first failures practically in each trader of novice. That seemed previously simple and intelligible (in the training courses from the mouths of instructor, on the history of quotations on the commercial terminal, on you demo accaunt), suddenly proves to be in no way such, as novice visualized initially. He reveals to his surprise that:

a) very system of quotations is given in such a way that even during the strong trend motion are required the recoils, the imitation of turn, it [miniflet] suddenly from that not from what;

b) against the trader frequently works his own dealer - the record suddenly appears on the warrant: price changed, both opening and closing transaction occur more badly than trader it planned;

c) the enormous army of the analysts of fundamental and proximate analysis, by reading the whom novice intensely attempts to guess the riddle of his failures, only tangle him finally.
That as a result: fear and uncertainty in themselves appear even in those, whom never did not have them.

2. Uncertainty in its commercial system.
You selected FOR THE TRADE commercial system, you work on the real, but you see that you do not receive in addition profit, you open the transaction of later than the manufactured rules, you shut it earlier, wonderful realizing that the currency has another potential of motion. What to make? How to overcome in itself fear and uncertainty?

Master Forex is recommended:

a) pass on several days from the real calculation on it [demoschet]. Your task will be in making of not less than 10 transactions for one commercial session correctly.

b) you sum up the sums of your work on Forex each evening, objectively evaluate result, potential, which available in your commercial system, and note for itself methods, how tomorrow you WILL BE ABLE TO EARN more than during the previous day.

c) on you [demoschete] bring to the automatism your commercial system. As taught [B].[Vilyams], in order to work at the level of subconsciousness.

3. The problem “of ardor of player”, when trader cannot pass motion, even realizing, which now [flet], that with the discovery of transaction in you [flete] - profit can be minimum, loss - maximum, but nerves with this “game” (not to work) will be shaken loose to the complete maximum.
After encountering with this problem, you must clearly and clearly to answer one question - why I did arrive on Forex? To play? To work?

You arrived to play - all problems of psychological nature, connected with the game of chance to the money your and, doctor here can help you only.

You arrived TO WORK AND TO EARN. In that case - self-discipline and sensible reason!
: “One of the most important properties of trader is the skill to wait. It does not suffer itself to bargain? - market was to you, market will be also after you. So that your profit from you will not leave. Wait. Observe after the tomcat - as it knows how to wait, when it hunts for the mouse or for the bird. It can wait by hours, without experiencing what - that of inconveniences, even obtaining from this pleasure!
And everything in order at the decisive moment to deliver precise and instantaneous impact. But if output departs - it without any regret leaves in its matters - “tomorrow I will catch”. Majorities familiar to me people do not know how to wait. They became accustomed to overtake. In this I am fundamental difference. That overtaking is always late, although constantly it hurries, it always acts inopportunely, since it is not ready to work out the proceeding changes. The overtaking trader is doomed”. Here neither you will diminish nor you will add. It is capacious and it is colorful.

4. Uncertainty in itself, the absence of nature and purposefulness both at this moment and generally in the life.
Recommendation:

a)  itself to discipline - where you open transaction (known points, but not through 50 points after it). Where you shut transaction. The action radius on the pound - is not less than 70 points for the session;

b) by how many leads and where to go. How many points you will take. Verify on the history the behavior of currency pairs, on which you work (their behavior in you [flete] and different forms of trends);

c) of 2 pairs in principle to you will be sufficient - but necessary to know and to feel them as its 5 it is finger.

5. Greediness and the desire to obtain immediately everything.
Believe, immediately all you will not obtain. Listen to the experience of professionals. It is not possible to lie to sleep child, and to awake adult. You must pass the [opredelennye] stages of your increase. Here are they:

a) demo account;

b) of micro real commercial calculation - work 0.01-0.02 and more by leads,
gradually increasing the value of fraction micro-lead;

c) standard Forex - 1 lead is above;

d) work 50-100 and more by leads, as a rule, on the investors calculations.

The difference between each of these stages is the same as between demo account and micro-FaureKSOhm.

6. [FOREKS] as the narcotic, to which gets accustomed the trader and without which he to live already simply it does not can.
Reasons, I hope intelligible. Each person subconsiously dreams about the excellent and provided for future and wants to pass this way by shortest and lightest road. Here here and appears Forex, colorful advertisement all possible [DTS], stories about Soros, reading the books “to play on the exchange is simple!” (to play that simply, to earn complicatedly) and so forth
As a result, after losing one calculation, man convinces himself, that this is chance. After losing the second calculation, the conclusion that it already learned to much. After losing the third calculation, devises to itself something still…
But perhaps it could be otherwise? Think. It is objective, if nothing it did change either in your commercial system or in your psychology, why your fourth commercial calculation must not be lost as the previous three calculations? Besides, your way 1 to 1 is repeated by practically all traders of Forex and stock market.
Sum on your commercial calculation must not cause in you excess emotions. For this some several hundred dollars, for others several thousand and so forth this the tool for the development of your business (work to this Forex work, but not game).
Recommendation:

a) verify your commercial system (criterion - trebling of calculation to demo);

b) with the discovery of real commercial calculation you will isolate that sum, which you do not fear to lose. Is the micro of calculation from 0.01 leads and mini 0.1 leads, depending on your financial position;

c) seeing as is obtained in you week on 0.1 lead - you pass to following 0.2 by leads and try to take also a quantity of points, that you earned with a smaller quantity of leads. With the strong trend risk to go with the even larger fraction of leads.

d) EARNINGS partially is removed, partially it is capitalized. TU the part, which you removed in the form they arrived, so you will divide into the protected it stored up that the fact that you expend on the daily needs. Thus, you obtain, the purely psychologically dual or ternary system of support.

e) the main thing is the result, which you bring and you analyze by the evening of each workday and at the end weeks, writing results into the notebook. And the same capitalization of calculation is necessary in order to have THE CAPABILITY TO EARN more.

Therefore conduct calculations both from the point of view of total result and from the point of view of the percentage of the profit obtained by you.

f) the part of the earned means pack into other absolutely not risky financial operations (from the deposit in the bank to the purchase of real estate and others).
Cannot be transferred everything.

Now Forex already becomes your business.

5 stages of life of trader.
Stage the first: Subconsious incompetence.
At the first step you begin to look at trading. You know that this a good method to make money because you heard about this and about many millionaires. Unfortunately, so as when first desired to conduct machine you think that this will be simply - actually, yes that in this of complex?!! Price moves upward and downward - what here secrets - we begin!
To regret, accurately also as sowing the first time for the control - you very rapidly understand, that you do not represent that you are going to make. You take many leads and risks. As soon as you open position price here it goes against you, you are turned over, and she again goes against you, both again and again.

You attempt to compensate your losses doubling each time your transactions - sometimes this it operates, but more frequent no, and you leave in the abrasions and the bruises.
Well, this is first step - it is absolutely obvious that you nothing are able to reason in trading. This stage lasts week or two, but market is rapid and you pass to the second.
Stage the second: Realized incompetence.
Stage two - on it you realize, that there are much work, which must be carried out.

You realized your incompetence - you do not have habits or insight in order to derive regular revenues.
At this point you will “system shlyukhoy” - will be jump over from one method to the next day after the day, week per week, never staying so that to note actually the system it works. Each time when will appear new indicator you will be excited because “precisely it all it will change!”

You will test automatic systems into Meta-Trader, will play with MA, Fibo, by resistance and by support, by pivot, by fractal, by divergence, DMI, ADX, and with hundreds of other things, hoping in the depth of soul, which your “magic system” will earn today!
You will catch ups and downs in the price with your indicators, attempting to find the precise point of revolution. You will be held for the losing exposed positions and even add on them, because you are assured that they are right.
You will see that other traders make pips and you will not know why this not you. You will assign millions of questions, some of them will be dull, being examined back you you will feel itself a little foolishly.

You know as much as and they, they mean they will lie! But their calculations grow with each day, and your falls.
You will be as adolescent - traders, who make money will give advice, but you will be rested and will think that you know better. You will not listen to councils and you will take enormous arm for your calculation, all will indicate that you mad, but you know better!
            
Stage the third: Evrika!
In proportion to the approximation toward the end of the second stage, you begin to understand, that main this is not system.
You realize that, generally speaking, it is possible to make money using simple MA, but only IF you hold yourselves in the hands and in you correct money of management.
You begin to read the books about psychology of trade and learn yourselves in the described characters.

And enlightenment finally comes!
At this moment in the brain new connection appears.
You unexpectedly understand, that not you, not who or to another can accurately predict that market will make in following 10 seconds, to say nothing of 20 min.
You begin to work according to one system, which you adapt under yourselves, you become happier and know your “threshold of risk”.
You begin TO DEAL if your system he speaks [o] grow prettier the probability of gain.

If your position proves to be unprofitable you you are not angered, because you know that cannot predict it was this your error, as soon as you understand that position not into your benefit - you shut it. The following position will have the great probability of gain, because your simple system works.
You instantly understood that in the commercial game to the main thing is/are follow system and to disciplined accomplish transactions.

You learned to correct of money of management and arm and only now you realized the rightness of those, who gave councils to you in the past.

You were not finished, but now this is not so.
Evrika comes in that moment when you they honestly recognized that cannot predict market.
Then comes, the fourth stage.
Stage the fourth: Realized competence.
Ok, now you accomplish the transactions, when your system tells you to make this.

You receive losses so easily and gains.
Now you at the stage when your calculation varies in the fixed level, day after the day. Are weeks when you they won 100 pips and week when they lost 100. briefly you you balance and you do not lose money.

Now you realize, that generally speaking, you give good advice (predictions) and accumulate respect from other traders, with whom you associate in the chat room.
You still should work and think about the trade, but in the course of time you begin TO EARN MORE than to lose.
You begin day from 20 pips victories, then 35 pips of loss and in you do not appear feelings in regard to this. You returned these [pipsy], but you know that they will be returned.
You begin to stably make all more than pips in the week. 25, then 50, and ever more.

This lasts 6 months.
Then comes 5 stage.
Stage the fifth: Subconsious competence.
Here now, directly as governing automobile, you deal the whole day, making all at the subconsious level.
You work on the autopilot. You begin to work at large transactions and make 100 pips during the day. And this is normal for you.

This is commercial utopia. You govern emotions and you trader with the swiftly growing calculation.
You - star in the traders chat room. People listen to you. You learn yourselves in their questions of 2 years ago.
You advise, but you know that this rather it passes for nothing, because they behave as adolescents. Some of them I will reach your level. Someone more rapid, someone slower. Majority never will overcome the second level. But someone will reach.
Trade no longer excites. It became terribly dull as all in this life, that you mastered well. This is simple work.
Here now, with the proudly raised head, you can say “I - trader”

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Thank you for reading PSYCHOLOGY IN TRADING. IS IT IMPORTANT !!.

UNIQUE DIGITAL CURRENCY PLATFORM LAUNCHES INDIEGOGO CAMPAIGN

MoBUinet is a platform where digital currencies can be utilized as they have always been intended to be used as a practical solution enabling everyone to achieve their goals, regardless of social, geographic or financial constraints. The ambition of moBUinet is to help people and businesses around the world to interact, cooperate and exchange in order to combine their resources and talents for their mutual benefit.

The founders of moBUinet believe that the current recession has further magnified the disconnect in the lives, whereby everyone lives in a world with abundant resources though limited opportunity. This according to them has been a result of the global financial system not being capable of combining exuberant capital and technologies.

As a result, everyone will have more chances to earn more and then use the earnings without leaving the vibrant cosmopolitan world of digital currencies. The bigger the community – the more options to use decentralized currencies everyone have – and the more valuable they are.

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THE LITTLE BOOK OF CURRENCY TRADING BY KATHY LIEN

The Little Book of Currency Trading: How to Make Big Profits in the World of Forex (Little Books. Big Profits)
by Kathy Lien

An accessible guide to trading the fast-moving foreign exchange market

The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field.

Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details practical products that can help you achieve success, such as currency-based ETFs.

Explains the forces that drive currencies and provides strategies to profit from them
Reveals how you can use various currencies to reduce risk and take advantage of global trends
Examines financial vehicles that can help you make money without having to monitor the market every day
The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena.

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Thank you for reading THE LITTLE BOOK OF CURRENCY TRADING BY KATHY LIEN.