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Tuesday, 27 June 16:11 (GMT -05:00)



Foreign exchange market

Pavel Krymov: Crypto Currencies Are Some of the Most Promising Investments


For those of you who don't know, Bitcoin has been one of the biggest financial newsmakers over the last few weeks. After a prolonged rally (at some point, Bitcoin even got more expensive than gold) connected with certain events, the crypto currency unexpectedly dropped only to recover most of the lost ground a few days later.
 
For many investors out there, the biggest deterrent was a prolonged rally without retracements, which would have to end at some point. In other words, buying an overbought asset wasn’t a good investment idea at best. Eventually, amid the events taking place in the first half of March, not did Bitcoin just drop, it crashed by $250 at a time. However, this was a short-term plunge.
 
So, what actually happened and why didn’t investors stop seeing Bitcoin as a promising investment? Let’s try to figure this out in this article…
 
“Explosive” Bitcoin. Is It Good or Bad for Investors?
 
 
The price roller-coaster recently shown by Bitcoin was triggered by the Security Exchange Commission’s decision to reject the listing of the world’s first Bitcoin ETF initiated by brothers Cameron and Tyler Winkelvoss, who are private investors and Internet entrepreneurs.
 
The thing is, the SEC assumes that the Bitcoin market lacks all the necessary regulation and is subject the very high risk of market manipulation by big players. This was actually the reason why the crypto currency crashed by $250 at a time. Later on, the currency regained most of the lost ground and traded just 6,3% below the local high around $1116.
 
Probably, to some extent, the existing trend has to do with the fact that two more companies are waiting for the SEC to make up their mind regarding the listing of the ETFs offered by them: The New York Stock Exchange (requested by Grayscale Bitcoin Trust for their personal ETF exchange NYSE Arca) and NYSE Arca (requested by SolidX Bitcoin Trust).
 
We also remind you that before the SEC’s first rejection of the mentioned Bitcoin ETF, the BTC exchange rate used to be growing so fast that it eventually set a new all-time record at $1303. After the roller-coaster, the exchange rate is now somewhere around $1220.
 
 
Given the growing interest shown by the reader in crypto currencies, we decided to interview Pavel Krymov, a well-known expert in financial marketing. During the interview, we found out how promising the crypto currency can be for a retail investor and what are its mid-term and long-term prospects.
 
Bitcoin Has a Lot of Upward Potential, Pavel Krymov Says
  
 
When asked about whether investors should buy Bitcoin now, he said that if they want to win big and are willing to risk, then they should. His prediction for early 2018 is at least $2000 per 1BTC.
 
Some experts say that Bitcoin has been overpriced for years. However, Pavel Krymov assumes that this is not really the case since Bitcoin has a considerable upward potential, which is partially proved by the fact that Bitcoin managed to recover quickly after it crashed not so long ago after the SEC’s decision on Bitcoin ETFs. It took Bitcoin under 48 hours to gain back almost all of the drawdown. All in all, the strong rally we can see over the last few weeks means that there is a lot of people out there seeking to load up on Bitcoins. And chances are that the current Bitcoin rally may well get even more people on board after they learn about Bitcoin.
 
As for risks for various governments, the decentralized system reduces those risks to the minimum, the expert says. Even if some governments ban Bitcoin, the crypto currency is not going anywhere, it will just go underground. Apparently, any resistance coming from the government may make things more difficult for Bitcoin users but a lack of decent alternatives won’t affect the amount of users seriously anyways. The only big thing that can affect Bitcoin is if China decides to forbid the currency. However, the People’s Bank of China is not going to do this. On the contrary, the Chinese central bank seems to be advocating Bitcoin. Not so long ago, they released the rules and regulations for local Bitcoin exchanges.
 
Some other national banks had to be honest and announced that they cannot control Bitcoin, since this is a global trend. Banning means pushing it underground, which is why they decided to put up with it and to try adopting it instead by regulating those institutions that exchange Bitcoin for fiat money.
 
The expert also evaluated the possible reaction of various Forex brokers to the increasing popularity of crypto currencies. He thinks that the savviest brokers will definitely join the Bitcoin market, especially as they have all the required infrastructure to do that. To be more specific, the client will be offered to buy either Bitcoin directly or BTC derivatives. By the way, some of those brokers are already doing so. The next step will be all about creating various BTC-based investment products.
 
Also the expert assumes that there are several reasons why the crypto currency id destined to go even more popular and conquer the financial online world. First of all, it all about the financial attractiveness of digital currencies. Secondly, it’s all about decentralization and absence of regulation amid tougher rules for transactions using fiat money. And lastly, the block chain technology gives us an opportunity for a much wider use of any crypto currency and make it more efficient relative to fiat money.

 

 

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Euro: Greece is Saved Again…

 

All of those endless talks between the representatives of the Greek government and the international lenders now seem to have finally yielded fruit. To be more specific, the Eurogroup, which is the council including the Eurozone finance ministers, approved another tranche of financial aid to Greece during the recent meeting in Brussels on Thursday. This time, they decided to give Athens 8,5 billion euros.

 

Publication date: 26 June 06:50 AM

AUD/USD Swap: New Opportunities for FX Traders

AUD/USD is a highly popular currency pair among Forex traders since the currency pair presents excellent trading opportunities, especially if the trader takes advantage of the leverage offered by the Forex broker. In this case, profit may be even bigger than those stock traders and investors make.

 

 

In case you don’t know, the difference between the 10-year AUD/USD high and low is over 7000 points! This means that at some point over the mentioned period, the Aussie was both twice as cheap as the U.S. Dollar and even 12% more expensive than its American peer.
 
Publication date: 22 June 12:40 PM

World Blitz Chess Champion Becomes Alpari Forex’s First Client

For those of you who don’t know, Russia has finally started regulating financial markets, including over-the-counter markets, and Forex in particular. This means that the legislation regulating Forex brokers in Russia has now taken effect. The Russian central bank acts as the watchdog regulating those companies that offer FX trading services to retail and corporate clients in Russia.

Publication date: 12 June 08:29 AM

Masterforex-V Expo Names World’s Best Brokers for Beginners in May 2017

There is no denying the fact that any beginning trader should choose the right broker in the first place. The thing is, many traders who are still getting their feet wet in trading are convinced that all brokers are the same in essence. At first sight, it my really seem so but if you dive deeper into the matter you will find out that this is not really the case and brokers do differ from each other in a number of aspects. Sometimes, the difference is crucial for the trader’s success.

Publication date: 10 June 11:51 PM

Bitcoin Skyrocket to $3000

Yesterday, on June 6, the average weighted exchange rate of Bitcoin came close to another major threshold, which is $3000 per 1BTC. By the way, this is a new all-time high for the crypto currency.
 
Publication date: 07 June 01:16 AM

Forex Trust Management the Right Way – Balance Between Moderate Risk and High Profit

Trust management has been one of the most efficient ways to benefit from investing in Forex. According to the result of comprehensive research conducted by Alpari, potential profitability of investing in PAMM portfolios is way higher than the profitability offered by the most profitable market products. Actually it’s 2,3 times as high on average.  As for isolated PAMM accounts, sometimes they bring 18-19 times as much profit!
 
Publication date: 31 May 09:37 AM

Masterforex-V Academy Experts on Finding Forex Entry Points

Any professional Forex trader out there can tell you that finding the right entry point is only 50% of success. Apparently, nobody likes a drawdown after opening another trade. Today we are going to take a closer look at how professional traders from Masterforex-V Academy seek and find the right
 
Publication date: 31 May 08:31 AM

Swap Slavery: Which brokers rob those who trade GBP/USD?

It’s not a secret that GDP/USD is one of the most popular currency pairs today However, there is one but. While some traders do really succeed in making money while trading the British Pound against the U.S. Dollar, others have to put up with losses over time while trading the same currency pair. Yet, we are talking about the same trades made with different brokers.
 
Publication date: 31 May 02:44 AM

MT4-Based Binary Options Brokers

Today we are going to take a closer look at the most reliable and trusted brokers allowing you to trader binary options using the good old MetaTrader 4 or MT4 for short. Let’s first recap what is MT4 and why you should consider trading binary options this way.

Publication date: 29 May 10:47 AM

Russian Ruble May See Devaluation

According to Russia’s central bank, the real effective exchange rate of the Russian Ruble increased by 2,5% in April 2017 against March 2017. What is the long-term forecast and what are the chances of a weaker ruble in the near future? Market Leader will try to figure this out together with several experts.
 
Publication date: 25 May 09:04 AM