Is Bitcoin As Good As Gold?

Gold and Bitcoin have been used synonymously as safe havens and currencies. What is a safe haven? It is a place to park wealth or money when there is a high degree of uncertainty in the environment. It has to be something that everyone can believe in even if the current institutions, governments or players in the business game are not available. The wealth has to be kept safe in times of trouble. What are the risks to someone's wealth? There is theft by robbery if it is a physical asset. There is damage by fire, flood or other elements. There is the legal issue in not being able to determine if the asset is really yours or not. There is access risk in that you may own the asset but may not be able to get your hands on it. You may own the asset but may not be able to use it due to some restriction. Who else do you have to rely on to be able to use your wealth - spending it, investing it or converting it into different units of measure (currencies)?

In cases like cash or currencies, you may have the asset and can freely use it, but it does not have value due to a systemic issue. There may be too many units of the currency such that using them would not purchase very much (hyperinflation). There is also devaluation - where a currency is arbitrarily devalued due to some economic or institution issue. Most of these issues come from too much debt and not enough assets to pay for them. A currency devaluation is like a partial or slow motion bankruptcy for a government or issuer. In a foreclosure scenario, the creditors (or users of the currency) would be getting a fraction of what the asset (or currency) was originally worth.

No Liability

One key aspect for both bitcoin and gold is that in creating either of them, there is no liability involved. National currencies are issued with interest attached, which means there is a liability to the issuer of the currency. The currencies due to being centralized can also be "delisted" or have their value altered, devalued or swapped for other currencies. With Bitcoin, there would have to be consensus among the players for this to happen. Gold is nature's money, and since it was found, there is no one really in charge of how it works. Gold also has the history of being used as money for thousands of years in virtually every culture and society. Bitcoin does not have this reputation. The internet, technology and power grid are needed for Bitcoin to function, whereas gold just is. The value of gold is based on what it is being exchanged for. The value of Bitcoin is similar to buying a stock or a good: It is determined by what the buyer and seller agree it is worth.

Bitcoin Issues

Are there regulatory, institutional or systemic risks with Bitcoin? The answer is yes. What if a bunch of central banks or governments took over the Bitcoin issuance? Would this not lead to control issues that could either stop the Bitcoin transactions or impair them? What if the justification was to stop terrorism or illegal activities? There are also technology issues like who controls the internet, the electrical energy involved in mining Bitcoins, or other issues in infrastructure (the electrical grid, the nuclear grid, the internet servers, the telecom companies etc.) Regulatory risks can also run the gamut from restricting who buys Bitcoins, how many can trade each day or perhaps issuing trillions of units of fiat currency and buying and selling Bitcoins with them which would cause convulsions in the prices of the unit, leading to mistrust and lack of use? Gold does not have these shortcomings. Once it is mined, it cannot get destroyed. It is not reliant on technology, infrastructure or any institution to make it valid. Since it is small and portable, it can be taken anywhere and still be useful without any other mechanism needed. The prevailing institutions can be changed many times and gold will still be valuable.

Gold is a classic safe haven because it does not need institutions to exist, is very hard to forge, cannot be destroyed by the elements and does not have issues of access or restrictions. Physical theft and restriction may be factors, but gold fares better than currencies or digital currencies at this point in time.

Article Source: Here

10 Day Trading Tips to Become a Better Trader

Warren Buffett once said, "The stock market is a device for transferring money from the impatient to the patient". This applies to both - traders and investors alike. However, if you are an absolute beginner, there is always some room for improvement. We have listed below the 10 best day trading tips that successful traders follow. Learn them mindfully and take note to level up your trading. Moreover, you can also check out the best day trading tips and make money from online trading in Indian stock markets.

This is why rookie traders often look for advice from experts who have carved their names in the industry. Read on to find out what you may require before venturing in this high-risk but ultimately-rewarding industry.

1. Learn from a Professional Trader - Day Trading Tips

It is always better to learn to trade from an expert before you jump directly into the ocean. Try and find out who has a good teaching methodology and carefully choose the one that suits your style. Most of the trainers or masters will definitely charge a fee for the time spared. Don't you worry! It is no fee. It is called investment.

After all, you are a trader and one day when you have made it big, you may be approached by newbies and you likewise charge them. But most importantly, if you invest into education, you are saving on market tuition from learning the lessons the hard way, on the expense of your account balance.

2. Pay Attention to the Financial News

Want to be the best trader around? Keep a close eye on the world around you especially business news. Stay updated about firms entangled in IP issues, Failed FDA nod, Board reshuffle, International projects, and dismal earnings estimates of the quarter.

Every news related to the firm you are making an investment in makes sense. Back your decision with these inputs. For a smarter decision while trading, keep abreast of every piece of information on your preferred investment firm.

3. Found Your Niche? Ace It!

Nobody can guarantee you a blockbuster return. You make your own choices and decisions and learn from your mistakes. Only you know which strategies or niches worked for you and which don't. If you really have the zeal to excel in day trading, you need to be right on top of your business.

Once you have found the niche to work upon, become really good at that. Master it and it will enhance your odds of success in the trading manifold.

4. Treat it like a Business!

Have a hobby? Pursue it somewhere else. Making money and day trading is a serious business. You don't do it for fun so even before you start to trade, you need to settle with the fact that it is a serious, time-consuming business and it will take time to break even. If you want to gamble, Las Vegas might have better odds.

5. Follow the Pros

Julius Caesar once said, "Experience is the teacher of all things". Trading experts, despite their level of training, have a lot to boast, thanks to experience.

Follow the moves of the pros and find out what are they investing in? When do they buy? When do they sell? For how long do they hold? Try and understand how profit is made. You can learn a great deal from the mistakes they once made and then harness them to your advantage.

6. Have Patience

Rome was not built in a day. It takes time to master any skill and the same goes with stock trading. It can give you the best returns only if you trade wisely. Researchers have shown that those who trade less tend to earn better than the one who trades very frequently.

This is just like stalking your prey and then striking when you have absolute chances of success. Always remember that when you trade in average and not-so-good setups, you lose on good deals and eventually your profits take a hit. Therefore, one crucial day trading tips are that quality matters over quantity.

7. Don't be Emotional & Follow Day Trading Tips

The world of trading calls that you keep a level mind and remember that if you let your emotions get the better of you while trading, you will most likely lose out on your money. Emotions make you take irrational, impulsive decisions which should never happen.

Frequent errors like letting your losses get out of proportion, adding to a losing position, not making timely withdrawals et cetera are made time and again. People fall into the emotional trap and make unconsidered decisions. And while you cannot help having them, learning to control your emotions will go a long way in positioning you as a shrewd trader. Work on the emotional quotient and you'll make wiser decisions.

8. Sharing is Caring

Now that you have learned from your mistakes and other's as well, it is time to share. You must share the experience you had while trading. You can start a blog, a YouTube channel or other medium for reaching out. Furthermore, you can have a comment section for answering the questions of your visitors.

This will not only help others but will certainly keep you disciplined. This habit will make you more accountable and you might think twice before making a trade you know, you should not be making.

9. When There Are No Good Plays, Don't Trade!

What? Do not be shocked as this is no less a practical tip than the rest. Sometimes it is good that you don't trade. Trading just for the mere fact is not a smart choice.

Trade only when you see money lying on the floor or the offer is too lucrative to let it go. Take your chances and remember that this is a highly dynamic world so weigh all possible benefits of making a move against sitting back and speculating.

10. Have Confidence

As obvious as it may sound, this is a key component of a refined trader. Whichever trading style you choose, you got to believe in yourself as failure to believe in the efforts you are putting or the decisions you are taking will never make you a winner. I might sound strange but people do not get good returns just because they cannot believe they will. This negative thinking results in negative returns.

Remember! Successful traders were also amateurs and novices when they started out. Their success has come from the hard work and efforts they have put in. Make mistakes and learn from them to continue trading until you start making profits.

As mentioned in the beginning, these day trading tips shared will let you learn some important hacks to improve Your game. Apply these diligently and you are sure to advance in your endeavors.

Good luck with your trading ventures! Don't forget to like and share this post on your social networks.

Article Source:Here

Why Do You Really Need An Investor For Your Business Startup?

Do you have a dream to be a successful entrepreneur or your own boss? What if you have a fabulous plan but lack of funding to implement it? What do you do, give up on your dream? Maybe Yes, but you should never do this. Keep your dreams alive and have faith in them because faith moves the mountains. Faith in yourself and your dreams is important to make them a beautiful reality. Don't worry; even though you are a lack of money you can start your business. Don't get surprised. Just leave no stone unturned, go and find an investor - a person who wants to invest in any plan that guarantees great returns.

Do you still have any doubt, why you need an investor? Let's make it simple. It's a common math that if you have enough money to fund your dreams, so, you can bootstrap your way, but what if you haven't? In any such condition, you need an investor that funds your dream and you can turn them into reality. It's quite obvious that getting investment for your very first project is hard but not impossible. Have some faith in your plans, so, you can make the other person believe in it too. Your plan is the key that unlocks the door of success for you, so, you should be ready with that.

Finally, you know, why do you need an investor for your business startup - right? So, now the question is who invests in your plan and why? Any person who is willing to invest in any plan that gives assurance about the great returns. Despite the great returns, a person who is ready to invest in your plan can be the one, who have a deep knowledge of your business field or have interest to actively help to grow a company or a newcomer.

Now when you know the answer to all your questions, so you should take your first step toward the success of your dream confidentially to be the one you have imagined. Never give up on your dreams, instead, go and fight for them. After the all these struggles, the success you will get give you the sigh of relief. Always remember, if you are passionate about what you want to do and what you want to be, so, no one can stop you. Don't doubt yourself ever because it kills more dreams than failure ever will.

Article Source: Here

Standard Deviations, Moving Averages and Reversion to the Mean

For my money, most people make e-mini trading an exercise in futility, bizarre theory, and interpretation of crazy indicators. Had I started trading outside the halls of an institution I suppose I wouldn't know where to start; this business is fraught with as many crazy ideas as crazy indicators. I don't think it has to be that hard. One of the first principles of trading is that prices tend to move from overbought to oversold and oversold to overbought in a manner that rarely strays from a mean price. You can take advantage of this tendency and profit, though few people actually trade Reversion to the Mean effectively.

Back in my college statistics class, we learned that standard deviation is a measurement that is used to objectively quantify the amount of variation in a given dataset. That definition works pretty well for explaining levels of excessive buying (overbought conditions) and excessive levels of selling (oversold conditions) and can give you an insight into when buying levels have exceeded expectations and sellers are likely to enter the market and vice a versa, when selling levels have exceeded expectations and buyers are likely to enter the market. In e-mini trading, I have been tinkering with this idea for nearly 10 years and defining an optimal Simple Moving Average that best represents an acceptable mean price that is uniquely useful for e-mini scalping. This was not the easiest of things, as e- mini scalping is much shorter in time and market breadth than calculations used in e- mini swing trading. (Where reversion to the mean trading is more common)

Without wandering into a lengthy mathematical explanation of how I have arrived at the numbers that best fit my e-mini scalping style, I can say that for most people and average between 200 and 300 will serve you well. I stick with Simple Moving Averages because an Exponential Moving Average weights the most recent price action in calculating a line plot. This is not a helpful attribute when looking at a 200 period data string and distorts the true mean you are trying to determine.

My standard deviation (SD) settings are higher than I expected, but for my trading style they seem to have worked well over the last 3 to 4 years. I generally use a channel with the inside ring the lowest standard deviation (SD 1.5-2.4) level that will produce a reversion to the mean and the outside ring(SD 2.8-3.5) is generally the extreme point where you can expect a powerful reversion to the mean. With about 4300 trades recorded and charted, I've had a range of results (depending on volatility conditions) that varies from 78% success on the low side and 85% on the high side. Like all things in trading, reversion to the mean is an exercise in probability and market conditions are a prime variable in determining Reversion to the Mean success.

The day got rid of all the goofy indicators and oscillators and learned Reversion to the Mean, order flow, and began to understand price action was an important day in my e-mini trading life.

Article Source: Here

Is Binary Options Trading Riskless?

The above question is popped up in the minds of many individuals who wish to try their luck. Although this is not a new concept, still the people give it a second thought whether to choose it for the investment. Indeed, it is true.

Everyone knows the market. The values have been continuously shuffling among the upper, middle and lower levels. If today, the trade market is at the top layer, there is no guarantee that it will stick to the same position tomorrow or not. The binary options trade is also its chunk, and it will also be affected by its shifting. This is the primary reason that the people are afraid to step in into this business.

As a matter of fact, this trading is quite different from the conventional trading. Both are executed with respect to the market, but the process is diverse. The binary option trading is the trading that has been carried out within a specific allotted time. Once the time is out or expired, the trade is completely closed, and consequently, the trader will get either the profit or be in the loss. On the flip side, the conventional trading has the distinct method.

Some secrets associated with this trading are discussed here. Scroll down to know in detail.

Key Points of Binary Option Trading

If you are a beginner in this field, then first know about all the protocols, benefits and the risk factors of this business. It is better to acquire all the associated information regarding this trade, rather than to repent later. Moreover, there is another option for the newbies. They have to gather the information about the status of the market every minute. And, this relevant and essential data is given by the experienced market professionals, who have deep knowledge of the market conditions. They study every detail about the market, varying from the current market trends to the political circumstances and then give the right binary options trading signals in the form of crucial advice. These values depict that either a person can get everything or certainly nothing. In the nutshell, they help the traders to adopt the right steps according to the market.

But, you have to pay those professionals to procure the relevant signals. After this, you do not need to sit at the front of your computer screen and learn the market trends.

The best part about this business is that there is no requirement of any prior experience. Just invest in it and you will acquire the gain or the failure. However, there is a complete risk when you contribute your money in this business, but, still, more and more persons are inclining towards it. Why? The reason is that it is the most reliable and advantageous mode to earn. With this factor, there is also a specific limit of loss. So, you can feel relax to a certain extent. Actually, it all matters choosing the binary option strategy. If it is feasible, then you will surely win.

Article Source: Here

Breaking News - Retire Early, Build Wealth And Have More Freedom If You Do This

Investing is something that a lot of wealthy people do. In my opinion, average people do not know what is the best opportunities to invest in. As of 2017, everything is online. If you want to see a quick return on an investment, then you might want to invest in a business that is internet based. An even better idea, in my opinion is to invest in a business opportunity. Business opportunities are online based and they grant you the opportunity to build true wealth from home by selling products and services.

Here Is The Naked Truth!

According to Home Business Magazine, 8 out of 12 people fail when they join these opportunities because of lack of education. These investment are a sure-fire way to build wealth but if you are not skilled in the aspects of marketing, prospecting and closing, you will fail. Most up-lines fail to give the right training to new recruits. An up-line is someone who is basically your mentor. When you join an opportunity, they are responsible for showing you the ropes and helping you succeed.

Old school mentors often use methods from the 1970's and 80's. If you choose to invest in yourself by joining an opportunity, make sure that your mentor uses modern marketing practices to ensure your success.

How are You Able To Retire Early, Build Wealth And Have More Freedom?

If you join the right opportunity and have the right mentor, you can earn income all from the comfort of your living room. You get to save costs that a traditional business owner would be responsible for like an office or a building. Furthermore, Some opportunities allow you to sell home essential services like cell phone, internet, cable and electricity. Which means, that you get paid for as long as your customer stays with your service and pays the bill every month.

So essential if you join a business opportunity that sells home essential services, you can get paid every month for life by doing something only one time which is closing the deal between you and your customer.

However Beware!

Make sure that your compensation plan is fair. Your compensation plan is an outline that every opportunity makes for its distributors on how they will get paid according to how much product or service they sell. In my humble opinion, it is best to be involved with an opportunity that offers profits of at least 35%.

 

Article Source:    http://EzineArticles.com/