Benefits of Digital Currency

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If you are a technology reader, you know about the new type of currency that has been created. You may have read about Bitcoin for instance. If you have not gone into the details, you may be asking yourself questions about the benefits of this digital currency. If you have no idea about it, you should read this article.

The Benefits of Digital Currency

Inexpensive transactions

The transaction fees with digital currency are a lot lower than the transactions made with PayPal or credit cards. At times, you don’t have to pay any transaction fee. So, this saves you plenty of money.

No fees for international transfers

Since digital money is used on the Net, no borders are involved. Typically, you have to pay fees should you want to send money abroad, which excludes the costs for currency conversion. On the other hand, sending digital currency to anywhere in the world costs nothing. You will pay nothing as long as you can wait for a while for the currency to be sent.

No Account fees

Today, most banks charge their clients a fee on a monthly basis. At times, some banks also charge hidden fees from time to time. As a matter of fact, anyone can sign up for a free digital wallet online without paying any fees or hidden charges.

Simple account creation

You know that opening an account with a bank is a laborious process since you have to provide a lot of personal details, such as address and identity proof. Aside from this, they carry out backgrounds checks as well.

On the other hand, you can create a currency account without providing personal details as long as you don’t want to benefit from a service that asks for personal details. And the beauty of the system is that it offers 100% acceptance rate. All you have to do is open the digital currency site on your computer or mobile phone and then create the account. You don’t have to go to the office of a company for account creation. Within a few minutes, the account will be created.

It’s an Investment

The conventional form of money tends to lose its value with the passage of time because of several factors, such as inflation. However, the digital currency is a form of investment. Most types of currency features a fixed period upon the creation of new coins.

When more and more people go for digital currency, the demand goes up. As a result, the value of your digital money goes up. This is kind of the return on your investment. So, you don’t have to go to a rich country just to see the value of your money go up. Since the digital currency is growing at a rapid pace, the number of users is increasing. So, it’s the right time to make the investment and reap the benefits.

The takeaway

So, if you have been looking forward to investing in digital currency, we suggest that you re-read this article again. Hopefully, you will be able to get the most out of your investment down the road.

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Source by Shalini Madhav

1000 Oz Silver Bars – Lowest Markup Over Spot Makes These Silver Bars A Great Investment

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Today’s uncertain economic factors have leading investment advisors enthusiastically recommending the purchase of precious metals such as 1000 Oz silver bars. In a time when owning tangible assets is viewed as a necessary part of any investment strategy, wise investors are buying larger bars like the 1000 ounce silver bullion bar because they offer the lowest markup over the spot price of silver.

These 1000 Oz bars are poured from Troy silver with bars normally weighing from 950 ounces to 1075 ounces, or roughly 70 pounds. Each bar is individually weighed and stamped with the exact weight, the purity and the hallmark of the company that produces it.

There are several private companies that offer the 1000 oz silver bar for sale, guaranteeing their weight and purity and shipping them via insured carriers. These larger sized bars may be received and stored personally by the investor or shipped to a secure precious metals repository for safekeeping.

The most popular 1000 oz silver bar brand is produced by Johnson-Matthey, a leading silver refiner known world-wide. Each bar is individually weighed by Johnson-Matthey and is stamped with its hallmark, purity, and weight.

These large silver bullion bars are Comex deliverable and are poured as a bulk product when ordered for shipment.

Reasons for Buying:

The outlook for rising prices in the precious metals market continues to be good. Here are the six primary reasons top financial advisors are adding silver to their portfolios and suggesting you do the same.

• Precious metals are the preferred hedge against inflation and the declining values of other assets including the dollar.

• Purchasing one 1000 ounce silver bar is more cost-effective and easier to manage than purchasing 1000 1-ounce silver bars, for example.

• Precious metals such as silver are a tangible asset and form an excellent foundation to any portfolio.

• Investment experts recommend a portfolio contain a minimum of 10% to 20% precious metals.

• 1000 Oz silver bullion bars have the lowest markup and do not have any of the numismatic premiums that silver bullion coins are saddled with.

• Industrial demand for silver is increasing in areas such as water purification and superconductivity, spurring rising prices.

Conclusion:

If you are looking for an outstanding way to store and grow wealth in a tangible asset, then you should know that 1000 Oz silver bars are the preferred choice of serious investors who recognize the investment opportunities that silver represents.

The outlook for making profits from owning silver continues to be excellent because demand is increasing and prices are continuing to rise. It’s no wonder that savvy investors are allocating significant percentages of their portfolios to precious metal assets like 1000 Oz silver bars.

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Source by Chrissie Goldman

What Is the Best Indicator to Use With Renko Charts?

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A commonly asked question on renko charts is whether you need to have additional indicators to trade on the chart. And if yes, what are those indicators that are best suited to trade with renko charts.

As you might know, renko charts are strictly based on price. Time, which is plotted on the x-axis, is irrelevant when it comes to this unconventional chart type. Based on the number of pips price move, which can be determined by yourself, the renko bricks plot the price bricks accordingly. You might know that probably the best indicator is price itself. Therefore, by determining the price action and the patterns that are formed, traders don’t really need to have any further indicators to be used.

Depending on your level of understanding of the financial markets, such as identifying trends, highs/lows formed in price, the retracements and so on, traders have a higher chance of capturing prices at a good level to enter into the trend. Even without using indicators, renko charts can help you to scalp the markets, whether you are in it for 10 pips or 100 pips, renko charts makes is entirely possible depending on the type of technical trading strategy that you make use of. It is entirely up to the trader and depends on how they want to conduct their renko analysis of the charts and also in determining the brick size..

Money management or risk management can also be utilized when trading with renko charts and especially without indicators. Due to the very nature of the reversals in renko boxes, it can be of great help when traders can position themselves in a trade based on understanding the price and other technical patterns are more easy to spot in this chart type.

For example, we know that a renko box reversal occurs when prices moves twice the box size in the opposite direction. Therefore, the risk of a reversal is always two times the box size. For example, 20 pips for a 10 pip renko box and so on. With this information, traders can prepare their positions before hand and thus be able to set a minimum take profit of 3 times the renko reversal, which in our example would be 60 pips. This, this effectively puts the risk at 20 pips while the reward at 60 pips, making it a 1:3 risk reward set up. Conservative traders can make use of a 1:2 risk reward as well, such as 20 pips risk and 40 pips reward.

This same principle can be applied to the renko chart analysis, regardless of whether you use indicators or not. Traders can build a money management strategy which allows them to make consistent profits regularly. We mentioned earlier as to what is the best technical indicator to use with this chart type. We suggest making use of moving averages and an oscillator, or making use of Bollinger bands and an oscillator.

Many a times Forex forums tend to be overrun by renko traders who make use of complicated indicators. It doesn’t quite help and it does not give you an edge in the markets.

In summary, as outlined in this article, traders don’t really need to make use of additional indicators to trade renko charts profitably. However, having said that, there are a few technical indicators that work well with renko charts.

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Source by Chartist Ranga

MT4 Trend Line EA – Trend Trading and Breakout Made Easy

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Introducing a new trend line EA tool released for the forex Meta-trader 4 trading platform. This software comes with technical and sales support for its community.

How Trend Line EA Works

You draw lines in the chart manually and when price breaks across or touches the line, the action will instruct EA to execute a trade entry. Forex users can open market orders or pending orders with this EA.

Drawn trend-line can be horizontal, vertical lines or any in between. Drawn lines with any gradient can still act as a pending order. This feature is very useful in channel or trendline trading as this powerful feature is not found in the standard function of Meta-Trader 4 trading platform.

Drawing a Pending Order

In order to program the drawn lines to perform trade entries, the lines must have specific codes at its line description. You can easily refer to the guidebook to copy and paste the codes into the line description.

Placing a buy pending order can be as easy as entering ‘BUY’ into the line description and when price breaks across or touches the line, a trade entry will immediately be executed. If you like to have a sell pending order, enter ‘SELL’ to make the line a sell pending order.

Once line has executed a trade, it will expire and cease to function. Therefore, any line can only be used once. Trade entry rules like stop-loss or take-profit levels, entry lot size and slippage can be pre-specified before trade is executed.

Drag and Drop

One added advantage of a drawn line pending order is that the user can easily drag the trend line around the chart, and the pending order will moved to the new location. It almost works like drag and drop pending order with this tool.

Advanced Trend Line EA Features

Besides drawing a pending order, you can also add in single or multiple partial close lines onto the chart. By tagging these lines to the specific pending order, these newly added partial close lines will be associated with the order ticket number executed by the tagged pending order line.

You can also draw your own stop-loss lines, take profit lines, partial close and stop-loss to breakeven lines.

The stop-loss to breakeven line is the action of shifting the stop-loss level to the trade’s entry price when price breaks through or touches this line. This action makes the trade a no loss trade.

This expert advisor is a very efficient tool for forex traders because it literally trades on behalf of the user thereby reducing any trading stress. Forex traders can use this tool to trade many technical chart patterns. It makes trading forex easier than before. If you can draw a few lines on the chart, it will then runs by itself. It is a total trading freedom for the user as there really is nothing much to do after you have prepared the chart for the day.

Expectations Must Be Set Right

Trendline EA is a semi-automated ea designed specially for manual forex traders. What people need to realize is that this software is only as good as the trader’s technical analysis ability and trading experience.

It looks like placing a few lines on the chart and walk away, a trader could now make money from forex trading. While this tool has made this a possibility, however the developers do not think this way.

The developers wants to empower traders with complete entry and exit trade execution. This will allow greater control over forex entry and exit and hence give rise to the usage of more sophisticated forex trading system. The power happens when you can put all of this systems to work on automation while freeing you more time to study the market. It is not required to baby-sit the trades after that unless you choose to do so.

But honestly, If you can draw a line, you can make money as you apply knowledge of market volatility, support and resistance, price action and money management into your forex trading with this software.

Trend line EA is a software which helps the manual trader automates his forex trading strategy. The user must draw trend line on the chart and the EA execute the trades for him.

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Source by Warren Seah

7 Wealth Secrets

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Money is power; it can be a vital source of happiness and a paramount entity for some people. The gurus can give you hundreds of secrets to becoming wealthy. But, the catch to the “get rich soon” equation is simply a law of attraction. On the contrary, some people ruin their lives by becoming hungry for money that results in destroying and harming themselves and others.

Although, a healthy monetary asset is essential to survive in the world, which also demands a comprehensive understanding of how the money game operates. We leave you with 7 wealth secrets that will enhance your income:

Acceptance:

Firstly, to understand the game, it is vital that you acknowledge the universal truth, which is to acquire heaps of money. Once the mindset changes, you can strive to make your first million. Setting smaller and achievable goals can help you get focused.

Don’t be Negative about it:

Secondly, try not to utter phrases like “I am poor”. Picturing yourself to be rich can attract a lot of resources. It is vital to have an empowering mindset, which says; through my mental capacity and hard work I can achieve any task. The first person to convince in this situation would be you.

Taking your own wealth as a responsibility:

For instance, by creating wealth and jobs for others, you would create some for yourself. Not only that, you are also responsible for your family, stakeholders, and employers. A positive contribution to the society is only possible when you simultaneously have more than one income stream.

Find a mentor:

Stick to like-minded friends and family members who are equally passionate about wealth. Searching for an industry mentor is probably the best thing you could do. By far some of the best teachers of life lessons are these mentors. Making excellent friends allows you to create an aura of success around you.

Make an outstanding use of all the resources that you have:

Time is a virtually the best resource, it is an incalculable asset. Time is everywhere, you have a lot of it, but how do you spend it?

Financial resources are secondary when we talk about time, therefore we must not waste it. You can make principles for smart time management. If you work well in the morning, then allocate it to time-consuming tasks.

Make a habit of saving:

Rest assured, the money that you earn will not last, so it is better to start investing in stocks, property, and gold. Hiring a team of financial advisors can be an option later on.

Make money flow through various sources:

Further, having more than one source of income would be a preeminent task. Once you have started to pay you bills and taxes, then you can focus on reinvesting the money into investment schemes. Opportunities would start to flow in your direction, with plenty of options as a back up.

By applying the rules mentioned above, you can achieve a sound financial independence. The law of attraction only works if you do. It clearly states that you can bring positivity in your life by focusing on positive thoughts. Likewise, remember, “What you seek is seeking you”.

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Source by Rameez Qaiser

FAP Turbo Review – Is it Still the Best Auto Forex Trading Robot?

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FAP Turbo is the only Forex Trading system that have been dominating the market for more then a year non-stop.

FAP Turbo Forex Trading System it the only one which:

a. Holds a confirmable and superb record history on their site.

b. been screened and received 5 star rating.

c. demonstrated multiple accounts with real money on their main page which was updated on hourly basis. (proving that its the best)

d. you can start trading with measly $100 and work your way upto thousands.

e. FAP Turbo executes multiple trades at any given time hence banking more then any other system cause it cashes the chance given and never misses out!

f. Has an advanced system which protects your account and keeps on cutting the losses and increasing the profit.

FAP Turbo is the most fast and accurate system with great ratio of winning trades. It executes as many trades as it evaluates will be the winning trades and makes you money 24/7 even while you sleep.

Most other systems are just lame. While testing them i found out that even on virtual money they would just sit there and do nothing for days because they are waiting for the opportunity to make the perfect trade and they keep on waiting days for that.

FAP Turbo on other hand is coherent and active trader which trades multiple times at any given time and they still have the live result of the trading accounts which are demonstrated using real money. Stop wasting time on thinking, you are losing money if you don’t have this system working for you and making you 100’s of dollars daily. Get it NOW!

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Source by Alicia Bogard

How to Start Your Own Forex Signal Website Business

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Forex trading is getting more and more popular among retail traders. Every day we see advertising on television and online. The truth is that Forex trading is not an easy task to do is very obvious for those who have been trading currencies for at least few months. Everyone will agree that it is hard to fight against the huge Foreign Exchange market. And it is even more harder to earn money in Forex trading in the long run. That is why 95% of the Forex traders are struggling to find that “holy grail” trading system, Forex robot or Forex signal service that earns money in the long run. If you happen to have profitable trading experience you can sell it to people. Having your own customers will give you much more revenue that you could imagine. A small Forex signal website business with only 10 customers paying a small $100 USD monthly fee would generate you $1000 USD profit each month. Get yourself 100 customers and you have $10,000 USD income every month. Yes, it is that simple. You can set monthly, weekly or even daily recurring payments.

Although it is not hard to start your own Forex signal business, you will still need to do some work and have some money. First what you will need is special software that can send Forex trades to your customers. Luckily there are several ready-to-use software available online and you can purchase unlimited license anytime. Now be wise and careful when you choose software for your Forex trade delivery. Such software should come with the control panel website where you and your customers can login to manage their profile info and trading settings. Usually customer side software is locked to a single account so your signals will be protected. Customer will be able to use software and receive trading signals only to a single account. Software usually is locked automatically on the first launch, but a customer can easily lock it to another account if needed. But in any case he/she can use the software only on a single account.

Trades are delivered to customer accounts in 1 second, and that ensures that the entry price will be the same. There will still be rare cases when the entry or exit price is different, of course, but that is out of our control. This happens because of different spreads, slippages, price quotes and delays among the Forex brokers. Although best solution is to use the same broker for master and slave accounts, the software allows you to use any broker and is not limited to account type. Software should work on any account including ECN, STP, Dealing Desk, 4 and 5 digit brokers. Software should automatically adapt itself to the master or slave account it is working on.

The best thing about this is that you can connect your Forex signal website with the payment processor or your choice using special plugins. Most popular payment processors supported such as PayPal, ClickBank, Plimus and Click2Sell. These plugins will allow you to have your payments automatically handled each and every month. This way you will not need any human intervention to run your business. Once new customer signups on your website, he/she will receive a welcome message with the login info and download link. This allows to start using software and receiving new trades in minutes.

Your master account should start sending trading signals automatically when customers pay a subscription fee. Usually they are automatically billed each month until the subscription is cancelled, and when they run the client software on their account, they will start receiving Forex signals automatically. So from there no human intervention is needed, and when you make money, your customers make money too.

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Source by Rimantas Petrauskas

What Are The Cheapest Gold Bullion Coins? Learn How To Calculate Gold Coin Premiums

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With the price of gold hitting record highs (almost on a daily basis!) it’s more important than ever to be a smart gold bullion shopper.

Arguably, the most popular gold bullion coin is the American Gold Eagle. The coin has its ownership advantages such as liquidity, worldwide recognition, and a U.S. Government guarantee, for example.

But is it the cheapest gold coin to buy now? Does it have the lowest premium over other popular gold bullion coins?

Read on and find out…

In a gold bull market, your ultimate goal is to own as many units as possible at the peak of the bull market.

In order to do so, you want to purchase the most gold for your money at any given time.

To achieve this goal, you will want to buy the gold coins with the lowest premium (cheapest!) at the time you are making your purchase.

With the large variety of gold bullion coins available for sale, how do you determine which is the cheapest one to buy?

Here’s how you calculate the premiums on gold coins:

  1. First you’ll need the current spot price of gold (the bid price). I like to use an online source such as Kitco. Most bullion dealers will also have the current spot price list on their website.
  2. Next, you’ll need to find out how much each gold coin is selling for over the spot price of gold. Most gold dealers will have this listed on the specific coin page. For example, my favorite bullion dealer is currently quoting a $97.99 over spot for a random date 1 oz American Gold Eagle
  3. Now, calculate the percentage each coin is selling for over spot using the following formula:

Amount Coin Is Selling For Over Spot / (Current Gold Spot Price + Amount Coin Is Selling For Over Spot)

Let’s use the 1 oz American Gold Eagle as an example:

$97.99 / ($1891.60 + $97.99) = 4.9% premium over spot!

The premiums will vary according to the amount of coins purchased and by individual dealers. Right now, the coin with the lowest premium is the South African Gold Krugerrand.

Calculating the formula for each coin on a daily or regular basis can be tedious. You can simplify this by setting up a basic spreadsheet with the formula, listing each coin of interest. Then, you will just need to change the spot price of gold and the individual coin pricing numbers as needed.

If you don’t want to calculate the gold coin premiums yourself but would still like to know what the cheapest gold coins are, on a regular basis, I’ve done the hard work for you!

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Source by Chrissie Goldman

The Oldest Trading Strategy is the Best Trading Strategy

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Price action is the oldest strategy in the world of forex trading. It’s a trading method is of the technical analysis type. It seems ridiculous that the old strategy going is unknown to so many. Ask some of today’s new traders what price action is and they’ll look at you blankly. A few may have heard of it, but you can practically guarantee that no one will know how it works.

Todays modern forex market is basically run by robots. Indicators are used which tell you when to buy and sell, with stunning unreliability. The trading community has definitely become lazy.

The principal of this method is very simple. It tells you the current trends and predicts the way the prices will move in the near future. When the stock exchange first opened its doors, all traders used this method to buy and sell. Jesse Livermore was a legendary trader at the beginning of the twentieth century, and the only system he ever used was price action.

Why have things changed so drastically? By bringing indicators into mainstream trading, the whole thing has been made way more complicated than it should be. Traders seem to have actually forgotten how to analyze markets.

The new traders entering the market are brainwashed by these wonderful inventions that make your money for you. They will have never heard of it, but when their banks accounts are empty thanks to their mechanical friends, they will wish that they had.

So dump the indicators, learn price action and become a real trader.

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Source by Anu Bhatia

Renko Charts – Which Forex Indicators Work Best With Renko Charts?

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A frequently asked question regarding Renko Charting is “do I need any additional indicators, and if so, which ones work best with Renko Charts?” The purpose of this article is to identify and examine those indicators which best complement the Renko Charts.

Renko charts are strictly price based charts, which means price must move a certain number of pips (which you determine for yourself when you load the indicator) before a new candle (bullish or bearish) will open up. Since current price action is the best indicator of future price movement, you could simply trade with nothing on your charts except Renko Candles (Boxes) and you could trade profitably in the long run.

For instance, I have conducted my own study stretching back over the last 4 years of charts for the EUR/USD, and I made a startling discovery. I found that if you set your Renko Chart Box Size to 10 (meaning each Candle/Box is 10 pips in length) you have approximately a 78% chance that price will move an additional 10 pips in the direction of the previous candle.

Rounding up, this means that when you see a 10 pip bullish candle close, there is about a 4-1 chance price will move up an additional 10 pips and close as another bullish candle.

Breaking it down into pips/profits, this means if all you ever do is open a trade in the same direction as the previous candle closed (and assuming your entry price the same as the Bid price) 4 times out of 5 you are going to see 10 pips profit. The 5th time you are going to see a drawdown of 20 pips, as price must move down the entire length of the previous candle PLUS an additional 10 pips for a new bearish candle to close.

But four times you win 10 pips (40 pips total) and one time you lose 20 pips (20 pips total) means 40 – 20 = +20 pips profit for every 5 trades you take.

And all this without a single MACD, RSI or Moving Average on your screen.

However, this form of “trading naked” is more than some traders can bear, and if for no other reason than to have a security blanket on their charts, they will add an indicator or two.

Over the years I have found a few indicators that seem to work well at helping Renko Chart traders find entries. The Heiken Ashii indicator (with an Input setting of 1,5,2,1) tends to forecast the start of some decent trends when using 10 pip candles/boxes. The Slope Direction Line (Input settings of 34,2,0) also does a very good job of highlighting the start of a new trend of 10 pip candles/boxes.

Recently my group tested out a new indicator called the BBand (with settings at 12,1 for the first two Inputs) and used with 5 pip candles/boxes. This indicator worked well not only with spotting good entries, but also tended to accurately gauge the end of some of the longer price runs, so that when the BBand changed directions, it was time to exit the trade and look to enter in the opposite direction.

While we are on a summer break through the end of August, we are still testing a new combination of indicators along with a 3 pip box setting that is showing great promise. More testing is needed, but early results have created a lot of excitement with my team. We’ll be releasing all the details once we are sure that this new method holds up over time (and varying trading conditions).

So to sum up, you don’t really need any indicators to trade the Renko Charts profitably, but there is a few that work well with this charting system, and my group and I can recommend them without hesitation.

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Source by Jeffrey Glenellis