Author: olastoe2104

How To Reduce Forex Trading Risks

Forex trading has risks. The truth is that a high percentage of forex traders lose money. ESMA regulations require every regulated broker in the EU to disclose the percentage of their clients who lose money. If you will check this you will find that over 60% of customers lose money.

Learn Online Trading For Free!

Ways to reduce forex trading risks:

Set Stop Losses and Take Profit
Stop loss means ordering your broker to sell when the currency price reaches a predetermined losing price. By doing so you define the maximum loss you can achieve. The same goes for profit – you can order a broker to sell the currency when the price of the currency reaches a predetermined price.

Want to Trade with Less Risk?

Low leverage trading
High leverage can dramatically increase your profit in case of successful trading, but can dramatically increase your losses on losing trades so use leverage carefully and wisely

Set realistic profit goal
Setting high profit goals leads to taking high risks in order to meet these goals. Set realistic goals. If you want to trade at high risk – do so only after gaining experience and only in a small part of your trading budget.

Diversify your forex portfoli
Investing in one currency pair its like putting all eggs in one basket… invest on few currency pairs to reduce risks.

Use brokers who offer the option to get money back in case of losing trades
It’s not that the brokers are so nice that they will return your money in case of losing trades, but some of the brokers offer to buy something like insurance for losing trades. This means that when you open new trades you choose the duration of protection and see the cost for protecting losing trades. The longer the time for protection, the higher the cost.

Brokers Offering Losing Trades Protection:

AvaTrade – offering AvaProtect
EasyMarkets – offering dealCancellation

Tagged with: Brokers Who Offer Money Back in Case of Losing TradesWays to reduce forex trading risks


TradingView – Track All Markets

If we can take any lesson from the fact that Crocs are somehow back in fashion (thanks J-Biebs) it’s that trends change quickly and constantly. The ebb and flow of fashion will always continue, and the very same can be said for the markets – something that pandemic darlings like Peloton will attest to. As metaverse-related tokens get investors’ attention, remember that while the tide may be high right now – the water could be shallow.


Phoneum – Mobile Only Cryptocurrency!


Phoneum is a decentralized cryptocurrency, that operates on mobile devices via app only, empowered by custom blockchain technology.


Phoneum is providing the regular smart mobile device user the ability to understand and get involved with the cryptocurrency revolution.

Download the free app for Android and Apple App Store.

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A Cryptocurrency Named After The Fictional Money In Star Trek Is ‘Worthless’ And ‘A Scam,’ New Lawsuit Alleges


Concept by Fernando Capeto; Illustration by Gracelynn Wan for Forbes

The complaint says the Bitcoin Latinum founder lured an investor in with the promise that the producers of Star Trek had already invested $20 million.

An investor in a scarcely-known cryptocurrency called Bitcoin Latinum — named for a type of money that exists only in the fictional Star Trek universe — says that he was defrauded out of more than $15 million.

A lawyer for the investor, Arshad Assofi, wrote in a new lawsuit submitted earlier this month that the cryptocurrency, which claimed to be “greener” and “faster” than conventional bitcoins, is “worthless” and a “scam.” The attorney also stated in his complaint that Assofi was told by Bitcoin Latinum’s founder, Don Basile, that the project had received “$20 million from the producers of Star Trek,” among other alleged investors that did not exist.

Paramount, the production company behind the famed science fiction series and its numerous spinoffs, denied any connection to the cryptocurrency.

“No one is familiar with this claim or with this ‘Bitcoin Latinum,’” emailed Jennifer Verti, a Paramount spokesperson. “This is not something that Star Trek is officially involved in at all.”

Meanwhile, Carlos Nevarez, the director of marketing for Bitcoin Latinum, told Forbes by phone that Basile never asserted an investment from Star Trek producers. Nevarez added that Assofi’s allegations of fraud are “completely false.”

“As far as I know, [Assofi] bought coins and the coins lost value,” he said.

Eugene Rome, Assofi’s attorney, declined Forbes’ request for comment.

The world of cryptocurrency is awash with scammers and companies that don’t have actual products. In 2021, Gary Gensler, the head of the Securities and Exchange Commission, said that the crypto world is “rife with fraud, scams, and abuse.”

Bitcoin Latinum has been endorsed by Phil Hellmuth, a well-known professional poker player. He has been photographed numerous times at poker tables wearing Bitcoin Latinum-emblazoned baseball caps. Consequently, the cryptocurrency has garnered some attention in the professional poker community.

Basile previously served as CEO for two tech startups — Violin Memory and Fusion-IO — over a decade ago. More recently, Basile founded Roman DBDR, a SPAC based in Las Vegas, among other ventures.

Bitcoin Latinum and Basile were previously sued twice earlier this year by two groups of other separate aggrieved investors who also claimed similar securities fraud in cases filed in federal courts in Michigan and northern California.

While the northern California lawsuit has since been withdrawn, the Michigan case remains ongoing. Attorneys for Bitcoin Latinum wrote in a court filing last month in the Michigan case that the company did not violate any securities law and “denied that the Plaintiffs have been damaged by any conduct of the Defendant.”

In an undated statement on its website that appears to have been written in early 2022, Bitcoin Latinum called these lawsuits “frivolous.” In new court papers submitted Tuesday, Bitcoin Latinum’s attorneys indicated that they would file a motion to dismiss the case brought by Assofi.


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Traders suffer liquidation as Bitcoin bounces above $47.5k

A late Sunday upward momentum has pushed the majority of cryptocurrencies in the market above previously challenging resistance zones.

Bitcoin records a close above $47,200

The price of Bitcoin, the market leader, has increased by 6.29% in the last 24 hours as per market data at the time of writing. The flagship cryptocurrency cleared resistance at $47,000, breaking into the range of January highs late on Sunday. It maintained its uptrend into Monday, setting a new year-to-date high of $47,656 only a few hours ago as per CoinMarketCap data.

The market swell appears to be a result of several bullish factors across the cryptocurrency sector. Most notable is the recent revelation of a $1o billion worth of Bitcoin ‘reserve’ plan by Terra blockchain founder Do Kwon.

Another factor contributing to the bullish sentiment is the largely positive performance of stock as reflected in the S&P 500. Last Wednesday, Arcane Research reported that Bitcoin had touched a correlation factor of 0.49 with the S&P index on 18 March – one of the highest recorded figures for the metric in the asset’s history.

“Bitcoin’s correlation to the S&P 500 has only been higher for five days in BTC’s history, showing that the current correlation regime is unprecedented in BTC’s history,” Decrypt quoted the digital assets analysis and research firm.

Altcoins are trading in the green

Ethereum and a flurry of other altcoins have mimicked Bitcoin’s strong ascent into the new week, charting a similar path. Ether price surged from $3.175 to $3,280 in less than an hour yesterday before assuming a steady uptrend. Market data shows ETH/USD is trading at $3,376 – almost 7% up in the last 24 hours – after retreating from a two-and-a-half-month high of $ 3,393.

Solana (SOL) is the biggest gainer among the top ten cryptocurrencies by market capital. The SOL token has jumped up more than 9.50% in the last 24 hours to $110.82 at the time of writing. Cardano (ADA) has also seen significant gains, rising by approximately 8% to a multi-week high of $1.24. Over the last seven days, ADA price has soared almost 36%, while SOL has recorded a 23.67% hike.

Notably, Cardano’s market capital crossed $40 billion on the back of this price upswing. The Hoskinson-led project now has a circulating value upward of $41.33 billion, ranking it seventh among cryptocurrency projects.

Avalanche’s native token AVAX has printed an 8.94% green candle in the last 24 hours. Terra’s LUNA has moved up by 5.01% in the same window and is holding marginally above $95. Outside the top ten, Polygon (MATIC) and Algorand (ALGO) have risen 4.72% and 3.84%, respectively.

Bears suffer massive liquidation

The latest uptrend has come at the expense of many, with Coinglass liquidation data showing that more than 86,0oo traders have been liquidated in the last 24 hours. North of $554 million worth of orders have been wiped – the bulk, expectedly shorts.

In the last 12 hours, Ether (ETH) leads in liquidation with a substantial volume of $87.55 million. Bitcoin is second, accounting for close to $51 million cleared in the same period, while Solana is just behind with an equivalent volume of $50.18 million lost. 

Some traders have moved to the sidelines and are watching if the market will hold onto the momentum or slip below the new support heights. Even though market data suggests bulls are in control, IntoTheBlock signals for the two leading cryptocurrencies, Bitcoin and Ethereum, are bearish and neutral, respectively.


Cryptocurrency & Blockchain

Blockport is an extremely perspicuous cryptocurrency exchange platform. With this clean, simple and aesthetic presentation we helped to explain why is it also the most user-friendly and how it links the traditional business with the new digital economy.

Client: Blockport
Agency: Saga
Production: BluBlu Studios
Executive Producer: Matt Stelmaszczyk
Creative Direction: Jorik Feskens, J. Kurek
Animation & Illustration: Miłosz Kokociński, Magdalena Koźlicka, Ewa Baran


Doge co-founder Palmer spats with Elon Musk over coding skills

  • Jackson Palmer questioned Musk’s coding skills over a past Python script designed to automatically report crypto bots
  • Musk, in response, termed Palmer’s script worse than a 12-year-old’s code

Tesla CEO Elon Musk and Dogecoin co-founder Jackson Palmer have in the past pitted against each other, and they are back at it again. This time the conversation is over coding skills.

Palmer’s interview with Crikey

Jackson Palmer, who co-founded popular meme coin Doge alongside Billy Markus, recently spoke to Australian news outlet Crikey, in which he went on an offensive against Elon Musk. Palmer ran down back the memory lane and recalled a time when he created a script to automatically report crypto bots and scams on Twitter, which he says he ran by the Twitter team, Musk, and other crypto influencers. 

However, he claims that it quickly became apparent that the SpaceX Chief Engineer lacked in coding, asking the Doge creator to explain the Python script.

“Elon reached out to me to get hold of that script and it became apparent very quickly that he didn’t understand coding as well as he made out,” Palmer said.

Palmer doubled down on comments he’s made in the past, terming Musk a grifter who sells empty promises that he can’t really deliver on. 

“He’s a grifter. He sells a vision in hopes that he can one day deliver what he’s promising, but he doesn’t know that. He’s just really good at pretending he knows. That’s very evident with the Tesla full-self-driving promise,” Jackson Palmer told Crickey, according to a Monday report.

Musk’s response

The world’s richest man didn’t leave the claims unanswered, rushing to his own defense on Twitter. Musk claimed that it is Palmer whose coding skills are questionable, going as far as suggesting his prowess is lacking compared to a 12-year-old. 

“My kids wrote better code when they were 12 than the nonsense script Jackson sent me. Like I said, if it’s so great, he should share it with the world and make everyone’s experience with Twitter better. If he does, you will see what I mean. Jackson Palmer is a tool,” he said.

Palmer shared his script, which he says worked but might not be as effective now, owing to evolved tactics by phishing accounts.

The pair haven’t always seen eye to eye, with Palmer frequently disapproving of Musk’s antics. Palmer’s distaste extends beyond the billionaire into the cryptocurrency space, which he called “inherently right-wing” in a thread from late last year when he clarified his position. 


Cryptocurrency Slang For Beginners

Full project

In November 2017 I was lured into the world of cryptocurrency. I’d obviously heard of bitcoin a few years back, but suddenly everyone was talking about it and I became hooked on the ins and outs of the world of digital currency and it’s possibilities for the future. Once you’ve gone down the rabbit hole of crypto, you realise there’s a huge community that’s been developing their own global trading slang, which I’ve had fun trying to explain in this series. I hope it offers some help and entertainment to anyone that dares to join me in these speculative markets!

Thanks to Paul Douglas for lending his vocal talents, and Paul Orwell for the sound.

Want to see what it’s all about? Buy Bitcoin through Coinbase: *$10 free BTC if you don’t have an account yet*


Nayib Bukele bullish on Bitcoin reaching 100k this year

Bukele, a Bitcoin proponent, also said he expects to see two other countries take up Bitcoin as legal tender this year

Nayib Bukele’s Bitcoin campaign soldiers into the New Year, with the El Salvador President giving his predictions on the coin yesterday. Though most of the predictions were seemingly quite bold and ambitious, Bukele has never been irresolute in his belief in Bitcoin.

The El Salvador president said he expects Bitcoin to notch a price point of $100,000 this year and that two additional countries would adopt it as legal tender. His country, El Salvador, became the first and sole country in the world, so far, to assume the use of Bitcoin as an accepted official currency at the beginning of September last year.

The move was plagued with criticism and technical hitches, but the Latin American country went forward with it. Bukele’s comments are to be watched since El Salvador’s ambassador to the US, Milena Mayorga, has in the past suggested that if the nation’s Bitcoin adoption becomes successful, other countries will get more confident in taking the same route.

The US is split on crypto adoption and usage

On the state of the world’s largest crypto coin in the US, he said that it would “become a major electoral issue in US elections this year,” alluding to the current indecision by the country’s political class on where the fate of crypto lies.

Split into two extremes, supporters of Bitcoin and crypto include Cynthia Lummis, who has proposed a crypto overhaul through a comprehensive crypto bill to establish regulations for the sector. On the other end lies a more conservative anti-crypto crowd, to which Democrat Elizabeth Warren conforms. The senior US senator has criticised the industry as one meant for the rich and questioned its ties to illegal monetary dealings.

Plans to build a Bitcoin city are still on the table

The President also said he expects his country to develop a Bitcoin City to kick off this year, further claiming that Volcano bonds would be oversubscribed. He had announced plans to establish the envisioned city back in November, where he explained that it would be set up along the Gulf of Fonseca near a volcano.

The city would reportedly be backed by $1 billion worth of Bitcoin bonds and is ideated to offer efficient and sustainable public transport systems, education, and technology. It is also meant to attract foreign investment to make the country the world’s financial centre.

Bukele set forth that he expects to see a huge surprise at the Bitcoin conference this year to be held in Miami. He first brought out his Bitcoin plan for El Salvador during a previous edition of the conference before it went on into execution months later.

In typical bullish fashion, Bukele finished off with an accompanying comment that read, “This tweet will age well.” We can only wait and see how many of his predictions come to fruition.


Arbex — cryptocurrency explainer video

Explainer video for Arbex, a financial service that makes it fast, safe and fun to buy digital currency, anywhere in the world.


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