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Top 5 Most Famous Traders Of All Time

In all industries there are people credited to being the simplest .
In design, the late Steve Jobs is credited to being the simplest in his industry. In boxing, Muhammad Ali was credited to being the simplest boxer of all time.
In U.S. politics, there's a consensus that Lincoln was the nation’s greatest President by every measure applied.
In the trading world, a variety of traders are known worldwide for his or her skills. From Jesse Livermore to George Soros, we are sharing these tales of past and present traders who had to claw their thanks to the highest .
Here, we'll check out the five most famous traders of all time and canopy a touch bit about each trader and why they became so famous.
Jesse Livermore
Jesse Livermore jumped into the stock exchange with incredible calculations at the age of 15, amassed huge profits, then lost all of them , then mastered two massive crises and came out the opposite side while following his own rules, earning him the nickname “The Great Bear of Wall Street.”
Livermore was born in 1877 in Shrewsbury, Massachusetts.
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He is remembered for his incredible risk taking, his gregarious method of reading the potential moves within the stock exchange , derivatives and commodities, and for sustaining vast losses also as rising to fortune.
He began his career having run far away from home by carriage to flee a lifetime of farming that his father had planned for him, instead choosing city life and finding work posting stock quotes at Paine Webber, a Boston stockbroker.
Livermore bought his first share at 15 and earned a profit of $3.12 from $5 after teaching himself about trends.
George Soros
George Soros has a fantastic backstory.
Born in Hungary in 1930 to Jewish parents, Soros survived the Holocaust and later fled the country when the Communists took power. He went on to become one among the richest men and one among the foremost famous philanthropists within the world.
Most day traders know him for his long and prolific career as a trader who famously “broke the Bank of England” in 1992. Soros made an enormous bet against British Pound, which earned him $1 billion in profit in only 24 hours.
Along with other currency speculators, he placed a bet against the bank’s ability to carry the road on the pound. He borrowed pounds, then sold them, helping to down the worth of the currency on forex markets and ultimately forcing the united kingdom to crash out of the ecu rate of exchange Mechanism.
It was perhaps the quickest billion dollars anyone has ever made and one among the foremost famous trades ever taken, which later became referred to as “breaking the Bank of England”.
Soros is believed to have netted a complete of about $44 billion through financial speculation. And he has used his fortune to find thousands of human rights, democracy, health, and education projects.
Richard Dennis
There are only a couple of traders which will take a little amount of cash and switch it into millions and Richard Dennis was one among them.
Known as the “Prince of the Pit”, Dennis is claimed to have borrowed $1,600 when he was around 23 years old and turned it into $200 million in about 10 years trading commodities. Even more interesting to notice , he only traded $400 of the $1,600.
Not only did he achieve great success as a commodities trader, he also went on to launch the famous “Turtle Traders Group”. Using mini contracts, Dennis began to trade his own account at the Mid America commodities exchange .
He made a profit of $100,000 in 1973. The subsequent year, he capitalized on a runway soybean market to earn $500,000 in profits. He became an impressive millionaire at the top of the year.
However, he incurred massive losses within the Black Monday stock exchange crash in 1987 and therefore the dot-com bubble burst in 2000.
While he's famous for creating and losing tons of cash , Dennis is additionally famous for something else – an experiment. He and his friend William Eckhardt recruited and trained traders, a couple of men and ladies, the way to trade futures. These so-called Turtle Traders went on to form profits of $175 million in 4 years, consistent with a former student.
Paul Tudor Jones
Paul Tudor Jones thrust into the limelight within the 80s when he successfully predicted the 1987 stock exchange , as shown within the riveting one hour documentary called “Trader”.
The legendary trader was born in Memphis, Tennessee in 1954. His father ran a financial and legal trade newspaper. While he was in college, he want to write articles for the newspaper under the pseudonym, “Eagle Jones”.
Jones began his journey within the finance business by trading cotton. He started trading on his own following 4 years of non-trading experience, made profits from his trades but got bored, and later hired people to trade for him so he would not get bored.
But the trade that shot him to fame came on Black Monday in 1987, when he made an estimated $100 million whilst the Dow Jones Industrial Average plunged 22%.
He became a pioneer within the area of worldwide macro investing and was an enormous player within the meteoric growth of the hedge fund industry. He's also known for depending on currencies and interest rates.
He founded his hedge fund, Tudor Investment Corp, in 1980. The fund currently has around $21 billion in assets under management and he himself has an estimated net worth of nearly $5.8 Billion.
John Paulson
Super-trader John Paulson built a private fortune worth $4.4 billion from managing other people’s money. Born in 1955, Paulson made his name and far of his money betting a huge amount of money against the U.S. housing market during the worldwide financial crisis of 2007–2008.
Paulson bought insurance against defaults by subprime mortgages before the market collapse in 2007. He netted an estimated $20 billion on the collapse of the subprime mortgage market, dubbed the best trade ever.
However, his diary since that bet has been patchy at the best . Within the years following the financial crisis, Paulson struggled to match this success.
Failed bets on gold, healthcare and pharmaceutical stocks caused investors to escape his hedge fund Paulson & Co, cutting its assets under management to $10 billion as of January 2020 from a high of $36 billion in 2011.
Earlier this year, Paulson announced the fund would stop managing money for outdoor clients and switch it into a family office. He launched the fund in 1994.
submitted by equiti-me to u/equiti-me [link] [comments]

Just some inspirations / reminders on strategy development

I just talk about really major pairs like EURUSD, USDJPY, etc.
Forget about catching a trend, if you wanna trade trends, commodities, stocks, index funds trend way better, a lot more opportunities than forex. Major currencies range at least 70% of the time, if not more. Learn how to make money from ranging markets and hold a trend once you catch it.
The biggest purpose of currency is for settling transactions, not for scalping profits. That's why it doesn't trend (aka remaining stable). Stability is why a currency being "major".
Therefore most indicators don't work well with these currencies because first they are not designed for forex, second most of them only tell trends or overbought/oversold. Unless you are Soros or central banks etc no major currency can be overbought or oversold.
Take advantage of "fakeout" (I still wonder if it's the right way to call it so, Trump's Tweets are one of the sources IMO). Accept the fact that it happens and think about how to profit from it. Market makers and big banks are also just market players, even though very much bigger, they are also profiting from each other. If you can't beat them, join them.
Choppy market is still better than a still market.
No market maker cares about support or resistance. Like no insider or institutional money (i mean human not machines) would spend hours and hours on charts drawing trend lines before they place an order. Why would you?
Planning how to react in different scenarios after a position is opened is much better than trying to act like a crystal ball by looking at history when you trade something that ranges most of the time. The moment you observe a trend, chances are the trend is (almost) over. Even if things are against you, most of the time you can turn it to break even without using lots of margin. (Most news are just as big as baby's cough.)
But still, very few news are really big (911, fukushima, brexit, covid, name it), don't ignore the news completely.
Money management is very important. Most traders (of course including many of those on reddit) just talk about how to make an entry but seldom talk about how to manage an already open position or how to close a trade. The latter is way more important than the former.
Besides japanese candlesticks, there are a lot more charting options out there.
Be creative and know what you are trading to the deepest !
submitted by cindyhont to Forex [link] [comments]

Dollar caught a fish in dark waters. Forecast for 02.11.2020

Dollar caught a fish in dark waters. Forecast for 02.11.2020
The primary risk associated with the US presidential election is a possible election-related dispute. Furthermore, there are divergences in monetary policy and economic performance. So, the EURUSD is expectedly down. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly US dollar fundamental forecast

October has become the worst month for the US stock market since March. The bond market has experienced the worst drop since September 2018. In the last week of October, the S&P 500 sank 5.6%, while the Treasury yield rose to 0.858%. According to Bespoke Investment Group, this has only been 17 times since 1962, when the US Treasury yields rose along with the stock indexes’ drop. Investors believe that Joe Biden’s victory will result in the fiscal stimulus boost provided that the Democrats take control over the Senate. If it doesn’t happen, the extra stimulus package will hardly be accepted by Congress. Is it better to buy currencies, selling stocks and bonds?
The S&P 500 bulls hope for a “blue wave.” However, it doesn’t guarantee that the stock index will resume the uptrend. In 2016, the Wall Street experts predicted the US stock market to fall in case of Donald Trump's victory. At first, everything was going on as expected, but the stock indexes quickly recovered afterward. A wrong forecast cost George Soros $1 billion. And not only him.
Nobody wants to repeat the same mistakes, especially since the S&P 500 could continue correction, no matter who wins. The main source of uncertainty is Donald Trump’s willingness to challenge election results. As of October 31, nearly 90 million Americans already have cast their ballots, which is over 65% of the total votes from 2016. Donald accuses the Democrats of election fraud.
Uncertainty makes investors buy safe-haven assets. However, when the Treasuries are being sold off, investors tend to buy the US dollar. Besides, the growing yield-gap between U.S. and German government bonds sends the EURUSD down as well.

Dynamics of U.S.-Germany 10-year yield gap


Source: Bloomberg
Investors are selling the euro off amid the increase in the number of COVID-19 cases in Europe and the introduction of new restrictions by the euro-area governments. Although the euro-area economy grew by 12.7% and outperformed the U.S. growth in the third quarter, everything can radically change in the fourth quarter. The median estimate of 18 Financial Times experts suggests that the euro-area GDP will contract by 2.3% in October-December. At the same time, Oxford Economics predicts that the United States will expand by 3% over the same period. Divergence in economic growth sends the EURUSD down. Furthermore, there is also a divergence in monetary policies.

Dynamics of GDP


Source: Wall Street Journal
The ECB is willing to boost the monetary stimulus in December. 59% of analysts surveyed by Bloomberg believe that the Fed, on the contrary, won’t expand the assets purchases until the end of 2021. Working directly with the Federal Reserve, large banks do not expect any QE changes until the middle of next year.

Weekly EURUSD trading plan

Under such conditions, the EURUSD is likely to continue falling towards 1.16 and 1.154-1.156. The absence of the “blue wave” and/or Donald Trump’s rejection of the election results will suggest a deeper correction down.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/dollar-caught-a-fish-in-dark-waters-forecast-for-02112020/?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

Forex Trading in India - An Introduction

Forex Trading in India - An Introduction
I have been getting a lot of questions regarding Forex Trading in Indian Markets. I am sharing all the slides from my class for Indian Markets that I taught for a Forex Trading course.
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submitted by indian_soros to IndianStreetBets [link] [comments]

Can I use infinite leverage to short the pound?

I'm not here to learn, just tell me the bare minimum I need to do to make money off Brexit. I'm looking to create another Black Wednesday.
Edit:
open letter to George Soros requesting collateral
To George Soros, King of the Jews, Soros Fund Management, Jerusalem
I started trading options several hours ago, and plan to weaponize my asperger's and short the english economy. Unfortunately, my job as a sandwich artist gives me very little in the way of collateral.
Given your absolute control of governments and the media, I was wondering if you could spot me several million dollars.
Sincerely,
Coocoo4Seppuku, Wallstreetbets, Wework headquarters
Let me know what you think
submitted by CooCoo4Seppuku to wallstreetbets [link] [comments]

How to Make Profit in Forex Trading: Eight Problems to Avoid

How to Make Profit in Forex Trading: Eight Problems to Avoid

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Many people erroneously believed that no one can make profit consistently through forex trading. Often times, they blame others for their losses while forgetting that they are responsible to decide whether their trade ends up in profit or loss.

“Champions never complain, they are too busy getting better”– John Wooden

For those who have the right mindset that they are going to be among the few who make a fortune by making profit consistently in the financial markets; they always take up the challenge to identify the problems and find solutions to improve themselves. They always have the inner drive and determination to find their trading mistakes and fix the problems which will help them to improve and become an expert trader. This positive attitude is very crucial in helping a loser to become a winner in forex trading. If people like Warren Buffet and George Soros can make a good life trading the financial markets, why can’t anyone who is ready to learn, consistently review and improve his/her trading plan, do it better?
From my own personal experience in trading the financial markets, I want to humbly share the following problems and really hope that it will help other traders to trade better and become winners in forex trading.
Although, there may be more, these are the Eight common problems I have encountered and heard many other traders struggle with in their process of making profit consistently in forex trading:
(1) Too early entry (Emotional triggers)
(2) Too late entry (Doubting your analysis)
(3) Too early exit (Panic Take Profit)
(4) Too late exit (Greedy delay)
(5) Holding on to losing trades against the market trend (Stubborn traps)
(6) Using too high lot sizes (Over leveraging your account)
(7) Poor money management (Investing more than 2% of your account balance or equity on one trade)
(8) Poor risk-reward ratio (Having too many open trades running simultaneously)

Steps to diagnose Trading Problems

(1) Check your trades at the end of each trading week; mostly on Saturday or Sunday evenings.
(2) Review your trading log or Account History. Make sure you are very honest and practical with yourself. This is about money. It is better to criticize yourself very hard than to regret losing your hard-earned money due to cheap errors or mistakes.
By honestly following the steps above, you should be able to identify any of the Eight Common problems listed above. This will help you to know which of the problems is most commonly affecting your trading outcome or reducing your profit.
When you have successfully discovered this highly important problem or problems (if more than one), then you can focus on solving them sequentially, starting from the most frequent to the least common as revealed during the review of your trading log or Account history weekly.
It is important that you never stop conducting the weekly review, so as to constantly learn and improve for better trading. Doing this consistently will help you to personally understand your own psychology and problematic behaviours or habits and also see if you are improving or not. With your commitment to this self-improvement process, you will surely become an expert in forex trading and your capacity to make profit consistently will improve significantly. Then you will become a forex winner for life!

“Learn from your losses, and improve your analysis for higher profit”.


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Summary
If you can carefully follow the steps and work towards avoiding the Eight Common problems mentioned above, there is higher chance that you will be able to trade better and achieve more profits in Forex Trading. Most especially when you choose a reliable forex broker like OlympTrade due to their unique and innovative trading platform.
Considering my years of trading experience using the OlympTrade website or mobile App, I sincerely assure you of making consistent profits, if you take personal responsibility by identifying and fixing the Eight Common problems highlighted above. By now, I hope you are more confident that you can make profits consistently and live a good life through forex trading.
Thanks for reading and adding your own comment to this article.
Trade to win!
submitted by MxLawal to u/MxLawal [link] [comments]

MT5 international foreign exchange trading platform, recently the foreign exchange gold market is also on the rise

What is the foreign exchange market?Foreign exchange market (FOREx market) refers to the place or network where foreign exchange transactions take place.Mainly between local currency and foreign currency, foreign exchange transactions between different currencies.The foreign exchange market can be divided into two parts, namely the inter-bank foreign exchange market and the retail foreign exchange market.Interbank foreign exchange market can also be acquired as an inter-bank wholesale foreign exchange market, which is the uppermost market in foreign exchange transactions and the market for foreign exchange transactions among Banks, forming a relatively centralized foreign exchange market.In the interbank market, there is no such thing as margin trading.Retail forex market refers to the market between forex trading institutions and their clients. The most basic class in this market is individual traders, characterized by wide and dispersed distribution.
The modern international foreign exchange market is generally distributed in major cities in the world, such as London, New York, Paris, Vertical, Zurich, Wellington, Tokyo, Singapore, Hong Kong and other world-famous financial centers and foreign exchange centers. The interconnections and influence of these centers form a foreign exchange network covering the whole world.Due to time zones and time differences, such a horizontal global market is almost always open and close one after another, forming a circular 24-hour foreign exchange market.In the global market, the UK, the US, Singapore, Hong Kong and Japan accounted for 77% of the global forex trading volume.At present, China's foreign exchange market is a market system centered on the inter-bank market.
In the foreign exchange market, the exchange rate fluctuation refers to the exchange rate of changing currencies. The change in exchange rate is the decrease in the value of one currency and the increase in the value of another currency.A currency does not become a waste of paper, or even a dwindling currency, but it will always represent a certain value, unless the abolition of the currency is declared.You've had negative interest rates, you've had a plunge in stocks, you've had zero futures, you've had real estate, you've had a question mark as an investment hedge, and in many cases rents may not be worth the mortgage index.For domestic investors, the currency market is the most "clean" speculative market with little risk but great opportunity.
Investors need not bother in the performance of each stock, futures long-short don't have to worry about both sides of the insider trading, daily turnover of huge, make any also does not have the dealer's courage, soros, buffett can learn about the information, as well as ordinary investors can learn, global investors and speculators are in the same time looking at the same price and graphics, several thousands of marketmakers network trading platform and the world millions of investors and speculators have together.
submitted by kelly19981001 to investing [link] [comments]

Top Forex Traders in History

hi everyone
I'm doing some research on famous/successful forex traders. I came up with the following list so far:
George Soros Stanley Druckenmiller Bill Lipschutz Andrew Kreiger Paul Tudor Jones Michael Marcus Bruce Kovner Urs Schwarzenbach Joe Lewis Michael Steinhardt John R. Taylor Jr.
Can you think of anyone else I should include?
submitted by DanBlystone to Forex [link] [comments]

A Short Story that Describes Imaginary Events and People of Worldwide Calamities and the Aftermath (the 2nd Edition)

The following story, all names, characters, and incidents portrayed in this post are fictitious. No identification with actual persons (living or deceased), places, buildings, and products is intended or should be inferred.
However, the LINKS to real-life events and inspiring sources are placed here and there throughout the story.
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Truth is the Only Light
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INTRO
☞ [As of 2019] there are plenty of reasons to think the Chinese system will implode spectacularly without Japanese feeling the need to do a thing. — Peter Zaihan, Disunited Nations (Mar 03, 2020)
It's apparent that two nations have been engaged in a high-stakes military & economy arms race. The current US admin has been hitting China with waves of tariffs, but that was merely a small part of what's actually going on. [1] [2] [3] [4] [5] [6] [7] [8]
On Oct 11, 2019, when they reached a tentative agreement for the first phase of a trade deal, the fact that China made the concession actually made my jaw drop. From where I sit, it was a worrisome scene. Aren't people saying, when challenging situations are bottled up, they will just grow and mutate into another terrible complications?
Admittedly I was not certain how they are going to adhere to the agreement: It left most of the US tariffs (on China's exports) in place, and at the same time, came with an additional USD $200 Billion burden for China over the next two years. This agreement might seem a bit insignificant, but now China would need to purchase almost twice the size of the US products & services they did before the trade war began.
With their current economic climate? I murmured, "No way."
While watching Trump brag and boast around with said agreement, I expected China would soon come out and fling some improvised excuses in order to delay the document-signing process. It wouldn't be their first time. More importantly, even if China does so, there wouldn't be many (real) counterattack options left for the Trump admin during this year, the US presidential election year.
Then, on Jan 16, 2020, the world’s two largest economies actually signed a partial trade agreement aimed at putting the brakes on an 18-month trade war. China would almost surely not sit down but come back to bite, I thought.
Enter the worldwide chaos following so called the COVID-19 outbreak.
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BACKGROUND
☞ Globalists have been heavily investing in China's economy and its components overseas.
• Here are a couple of well known names: the Great Old One; George Soros; Koos Bekker; and Bill Gates.
• For the sake of convenience, from here on, let's call these globalists, who are foreign investors in China's top tier state-owned/sponsored/controlled enterprises, Team-Z.
• Team-Z has adopted big time lackeys like Henry Kissinger or small time ones like Larry Summers, Stephen Hadley, or Bill Browder as matchmakers to court Team-Z for China's top tier enterprises. When Israel's highest echelons chimed in, it has been through Israeli IT companies and the BRI projects.
• Naturally, multinational investment banks have also been employed; such as Morgan Stanley, Goldman Sachs, Royal Bank of Scotland (RBS), UBS Group AG (formerly Union Bank of Switzerland), Blackstone Group, Canaccord Genuity, BlackRock, Hermitage, or Mirae Asset.
☞ Note: The Great Old One didn't use any matchmakers, something peasants would need. Because the Great Old One's power level is over 9000.
• China's Shanghai clique used to keep the nation's state-sponsored enterprises under their firm grip: Enterprises such as Alibaba Group, Tencent, Baidu, Wanda Group, HNA Group, Anbang Group, Evergrande Group, CEFC Energy and Huawei, all of which Team-Z has massively invested in.
Here is how Shanghai clique and Team-Z, esp. Bill Gates, started to get together: [LINK]
• However, in the name of anti-corruption campaign, Xi Jinping & his Princelings have been taking those businesses away from Shanghai clique's hand, and transforming those state-sponsored private enterprises into the state-owned enterprises, declaring the 國進民退 movement.
• Slaying Shanghai clique's control = [1] [2] [3] [4] [5] [6]
• 國進民退 + Slaying Shanghai clique's control = [A] [B] [C]
• Xi's reign didn't arrive today without challenges though: the BRI projects' poor outcome has frustrated Israel's great expectations. And since the US-China trade war has started, the problems of China's economic systems started to surface, not to mention China's economy has long been decaying.
• Coupled with the US-China trade war, the current US admin has been trying to block Huawei from accessing the international financial systems that the US can influence, as well as the US banking systems. This is a good time to remind you again that Bill Gates has had a very close-knit relationship with Huawei.
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TRADE WAR & INTERNET-BASED COMPANIES
☞ It's the trade war, but why were internet-based companies such as Tencent and Baidu suffering losses?
Answer: The state-sponsored companies like Tencent, Baidu, or Huawei have heavily invested in international trade and commodity markets, which are easily influenced by aspects that IMF interest rates, the US sanctions, or trade war can create.
Example: Let's say, Tencent invests in a Tehran-based ride-hailing company. Then, through said ride-hailing company, Tencent invests in Iran's petroleum industry. Now, China's most valuable IT company is in international petrochemical trade. The business is going to make great strides until the US imposes trade embargoes oand economic sanctions against Iran.
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TL;DR
China's economy going down = Team-Z losing an astronomical amount of money.
★ Wednesday, Sep 26, 2018 ★
"Gentlemen, you guys might want to do something before it's too bloody late, no? His speech last night was .... (sniggers) Mr. Gates, now is as good a time as any. Mr. Soros, hm, don't look at me like that."
".... But,"
"Yes, Mr. Soros, your HNA is going down, too. .... Ah, Schwarzman xiansheng, we're very sorry to learn about Blackstone's Iran & SinopecChina situation. So, we're guessing, you'd be happy to join Mr. Gates's operation, yes? Of course, We already contacted Kissinger xiansheng. .... Okay then, Gentlemen?"
• Now you can take a guess why George Soros has recently been sending out confusing messages regarding Xi Jinping.
• Wait, how about Wuhan Institute of Virology? Doesn't this story concern the COVID-19 outbreak? Is the Wuhan Institute also associated with Shanghai clique? Yes, indeed. Here's How Wuhan Institute of Virology and Shanghai Clique are related: [LINK]
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EIGHT OBJECTIVES
☞ Calling for the tide to be turned, Team-Z and Shanghai clique started to devise the plan. The objectives are:
By shutting down international trade, crashing world economy, and exploiting its aftermath, the plan should produce an outcome letting Team-Z earn back their loss from the trade war & the US sanctions, and collect additional profits from China's BRI projects & stock markets worldwide, including the US stock markets.
Don't forget this: This point number also concerns the developing nations on the BRI with the large deposits of natural resources that Team-Z has invested in through China. If everything comes together nicely, Team-Z will pick up trillions of dollars from those nations alone as if they are light as a feather. Ironically this will reinforce the BRI project governance and mitigate fraud & corruption risks inherent to the international development projects.
By utilizing the aftermath in the US, a new US administration consisted of pro-Beijing personnels should be fostered at the 2020 election. In a worst-case scenario, the aftermath should be abused enough to make Robert Lighthizer to leave the admin. Mr. Mnuchin could stay.
Sometime next year, the phase one trade deal must be reassessed with the new US admin. The reassessment should help China take the upper-hand at the second phase trade talk.
The pandemic crisis should yield a situation which allows China to delay the payments for its state-firm offshore debts. With the point number , this will give China a breathing room to manage its steadily-fallen forex reserves.
Since their current turf (in China) is education industry & medical science industry, Shanghai clique will have no issue with earning hefty profits by managing China's export of medical equipments & health care products which can be supplied worldwide mainly by China. People in the west will bent the knees for the clique's support.
☞ Regarding Jiang Zemin's son and medical science industry in China [LINK]
The outcome should weaken Xi & his Princelings' political power considerably in favour of Shanghai clique & Team-Z. This will let Jiang's Shanghai clique (A) reclaim some of political status & business interest controls they have lost to Xi & his Princelings.
• And once this point number , with the point number , is realized, it would be much easier for the clique to (B) recover their huge assets hidden overseas that the current US admin or Xi & his Princelings have frozen.
Combining good old bribery with sex, the outcome should support China to re-secure control over the US governors. Once the plan is executed successfully, those governors would desperately need solutions to local economic problems and unemployment.
Lastly, implementing an e-ID system in the US similar to Beijing's Alipay and WeChat could be the cherry on top of the operation's entire outcomes. Who's supporting such a system worldwide? None other than Microsoft and Rockefeller Foundation. ಠ_ಠ
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OLD COMRADE BECOMES A NEW RECRUIT
☞ They were afraid more talents were needed. The main target was the world’s largest economy with the most powerful military capability, after all.
They ended up asking Mr. Fridman to see Lord Putin about that. The old Vova was going through a lot nowadays, people said. It could be because his nation's energy business to Europe seems to be hitting wall after wall. He is said to have enough on his plate with no end in sight, so maybe he'll join.
★ Monday, Jan 15, 2018 ★
"(pours a drink for himself) I know, but. ... What would happen if Bashar falls? How long you think you can keep it up? .... Erdogan is many things (sniggers) but he's never gentle. (sips his drink slowly) When Benji's EastMed Pipeline starts to actively compete, then what? They got the China money now. .... Vagit and his buddies will be very unhappy. You know that. Not great, Vova."
"...."
"Ah, you mean what are we going to do? Hm? Hm. I'll tell you what we're going to do. This time, we're going to bankrupt the US shale gas sector. Then, of course, we can maybe convince Benji to take their time with the pipeline. Perhaps for good. (sips his drink slowly) Don't worry, Vova, It'll work. You worry too much. We'll come out the other side stronger."
"So, how long until they set it off?
"Hahaa, yes. They'll soon put all things in place. While marching in place, they'll play the tune a couple of months before the next sochelnik."
"Nearly 20 months to brace things here, then?"
"(nod slowly in happiness) Hm. Оторви́сь там, оттопы́рься, Vova"
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USEFUL IDIOTS
☞ When the directive came, these idiots answered claiming they would be gladly "on it." All in the name of rejuvenating China's economy without grasping the real objective prevailing throughout the entire operation. Thing is, they would never realize what they are to Team-Z & their Asian overlord until it’s too late.
Who are they? It's A and B, not A or B: (A) the American corporations that are too big to fail and have suffered a considerable loss because of the US-China trade war. Among those corporations, (B) the ones that have been structured with massive interest-profit relationships in/with China.
"We need China in order for the US as a nation to continue being prosper," they've been shouting. No surprise there, because they've enjoyed the strides of extraordinary profits over the years while the US middle class has continued to shrink.
But, in 2019 when China's stock markets nosedived for the first time since 2015 and China's authorities in financial stability & resiliency fumbled their response; it wiped that smile off their face. Still, they'll keep behaving not to offend their Asian overlord, nonetheless.
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PERFECT PLAN
☞ Many crucial components had to come into play all at once in order to cause World War I. If one of the components were missing or different, it is unlikely that the World War I as we know of could be produced.
The US in 2019: Overbought bubbles + Over borrowed corporations
The US in 2020: It's an Election Year.
Russia has been dumping US Treasuries for the past few years.
Russia has been hoarding golds as if they were recreating Inca Empire.
China in 2019: Immense & long term financial troubles has started to surface.
China in 2020: The phase-one deal has been signed; leaving most of tariffs on China intact and adding another $200 Billion burden for China.
Team-Z sets up a situation in the US where some event(s) would freeze the US supply chains & demand for the next three to ten months.
• Just like the 9/11, the event will be initiated at the clique's own region. However, unlike in China, the US will report multiple epicentres simultaneously.
• And the CDC and the US medical task force will carry on with a number of sabotage acts, to secure enough time for the infected yet untested in those US epicentres to spread plenty. [1] [2] [3]
• Here's a feasible timeline of the operation.
Then, the BOOM: Team-Z (a) manipulates the markets to make sure MM will have liquidity concerns (b) when they need it most. The (c) bottomed out oil price will be an enforcement, which will also wreck the US energy sector as a kicker. The (d) WHO will also join as a disinformation campaign office.
• Then a couple of big name investment managers will lead a movement that (will try to) bring back foreign money back to China. [1] [2]
• Meanwhile, in US, the disinformation campaign will continue to be pushed until the second wave of attack arrives.
--------
MEASURABLE SHORT-TERM OUTCOME
☞ We're now going through World War III. The global structure laid down by World War II had been shaken by globalization and the rise of China. This pandemic event will shock the structure further. Human history will be divided into Before 2021 and After 2021.
① Outcome pt. 1: Immediate Aftermath [pt.1] [pt.2]
② Outcome pt. 2: The US economy goes deep dive along with world economy, and the only thing Team-Z has to do is to exploit the aftermath which has been thoroughly calculated and eagerly anticipated. — Favoured assessment: There won't be a V curve ever, unless drastic measures taken within the timeframe of four months. Unprecedented market crash, the rapid unemployment acceleration because of the supply-chain shut down, and the near-death security which in turn forces consumer confidence to plummet. We're looking at a super long L shape curve unless the US prepares fast for the second wave of their asymmetric warfare.
③ Outcome pt. 3: Arguably the most important outcome. — Because of the unprecedented shutdown of international trade, the nations heavily rely on exporting natural resources will face the extreme financial threats. What if some of those are emerging markets AND massively in debt to China? What do you think China would do to said nations while the aftermath is hitting the globe hard? [PDF] Something comparable to Latin American Debt Crisis will happen.
④ Outcome pt. 4: Not that significant compared to the others but still notable outcome. — The world will need Shanghai clique's help to get medical products and equipments.
--------
WHAT'S NEXT?
☞ Several analysts have discussed off the record that next it'd be a proxy warfare not using armed conflicts but with spreading a galaxy of counterfeit-currency across every possible channels.
Coincidently, on Dec 13, 2017, Business Insider reported in an article "A $100 counterfeit 'supernote' found in South Korea could have been made in North Korea" that:
"It was the first of a new kind of supernote ever found in the world," Lee Ho-Joong, head of KEB Hana Bank's anti-counterfeit centre told Agence France-Presse.
Reporting the same news, The Telegraph published an article on Dec 11, 2017:
"It seems that whoever printed these supernotes has the facilities and high level of technology matching that of a government", said Lee Ho-jung, a bank spokesman from KEB Hana Bank in South Korea. "They are made with special ink that changes colour depending on the angle, patterned paper and Intaglio printing that gives texture to the surface of a note".
ಠ_ಠ
--------
Tale of How Shanghai clique and Globalists Got Together
Wuhan Institute of Virology, Wuhan City, & Shanghai Clique
Feasible Timeline of the COVID-19 Operation
Immediate Aftermath — pt.1.b
Immediate Aftermath — pt.2.a
Remdesivir, Gilead Sciences, Its Shareholders, & Silly Concern
Cases Displaying the Recent Climate of Chinese Economy
Compliance Report by the US State Department on China regarding Biological Weapons Convention — Click "2019 August Unclassified Compliance Report" and see p45.
Jiang Zemin's son & Medical Science Industry in China
What is Guanxi (關係)?
Israeli IT Companies & China
Opinion article "Cancel All Debt to China"
Fun Trivia about Bush Family and China
--------
submitted by vanillabluesea to conspiracy [link] [comments]

Prelude to a Market Bloodbath: a Ludicrous Theory of How It All Started.

The text below was actually a comment of mine on another Redditor's post, but since I think they all left for the day, I have decided to create a standalone post with it.
Even though it's my theory, tbh I prefer the other theory of mine, which is:
From the COVID-19 outbreak to the great oil war between Russia & Saudi to the market crash, this whole event is a live simulation that some powerful group is executing for their future plan.
But today, I would like to present my less favourable theory: Theory of How COVID-19 Pandemic Has Started.
Obviously, for some parts, I got the sources. But for others, it's just a speculation based on the well known (?) inner working (political) systems of China.

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Both Shanghai clique (Jiang Zemin) and Communist Youth League (Hu Jintao) want to unseat Xi Jinping.
.A. Because:
Shanghai clique detests Xi Jinping because Xi & his Princelings put many key politburo of Shanghai clique in jail in the name of anti-corruption.
And Princelings took away Shanghai clique's influences from big key Chinese businesses such as Wanda Group, Alibaba Group & Tencent.
Communist Youth League loathes Xi Jinping because Xi & his Princelings broke China's 太上王 institution, the nation's long standing political treaty among the ruling classes, by sidelining most of Hu Jintao's prominent politburo in the council.
Subsequently, the political power of Li Keqiang's (Communist Youth League) within State Council has been dramatically minimized over the years, although he is the No. 2 party figure.
It was a break with two previous generations of leadership, which were based on consensus among members of the ruling party’s inner circle of power, the Standing Committee, a.k.a China's 太上王 institution.
So,
Shanghai clique and Communist Youth League decided to work together to hatch a seemingly perfect plan:
- Unseating Xi Jinping would be the best outcome, but they knew it would be laborious.
- While keep trying to unseat Xi, this operation by their plan should be something to weaken Xi Jinping's power within State Council.
- The operation should also reboot the political power of Li Keqiang to re-boost the current status of Communist Youth League within State Council.
- The operation should also restore the financial flow for Shanghai clique & the businesses that are still under Shanghai clique's control.
- By weakening Xi Jinping's power, the operation should reinstate Shanghai clique's control of (at least some of) key businesses of the nation.
- Used-to-be hyper wealthy Shanghai clique decided they were to be okay with what's going to happen in the field, colossal businesses loss in the region;
because 1) most of better businesses used to be owned by them have been already taken away by Princelings anyway. And 2) a while ago their foreign financial backers, such as Henry Kissinger, George Soros & Koos Bekker who used to be kissy kissy with them, left for the new power in China. Now those backers seems to be in bed with Xi. And 3) Xi started to crack down Shanghai clique's assets hidden overseas with the inside-info those backers provided to Xi. exploding head gifs
- The operation's process must appear natural, so the blame could never fall onto neither of Shanghai clique nor Communist Youth League.
- For the operation, they needed to pick an appropriate region where the influence of Shanghai clique and Communist Youth League were still prevalent.
- All the blame should fall under Xi & Princelings' political and bureaucratic incompetence.
.B. Preparation:
- Dr. Wang Yanyi is a Chinese immunologist. She is the director general at the Wuhan Institute of Virology and the deputy director for Wuhan in the China Zhi Gong Party.
- Dr. Wang Yanyi is married to Chinese professor Shu Hongbing.
- Shu Hongbing is a Chinese cytologist and immunologist. He is a tier-1 member of the Chinese Academy of Sciences, and a close associate of Jiang Mianheng thru said Academy and Shanghai Tech University connection.
- Jiang Mianheng is Jiang Zemin's son (Jiang Zemin = No. 1 in Shanghai clique). Jiang Mianheng has served as Vice President of the Chinese Academy of Sciences and the first President of ShanghaiTech University.
- Because many international bodies are closely monitoring the NBL-4 facility in Wuhan National Biosafety Laboratory and in turn the NBL-3 facility in the same laboratory attracts fewer observing eyes from outside bodies, they decided to use the latter to pick & modify the pathogen.
- The pathogen's spreading speed should be rapid to achieve the maximum effect.
- Jiang Chaoliang is a pro-Shanghai clique Chinese politician and he was the Communist Party Secretary of Hubei.
- Later, as a result of his handling of the coronavirus outbreak, Jiang Chaoliang has been replaced by Ying Yong, a close ally of Xi Jinping.
.C. Operation:
- The operators released a pathogen of their choice in Hubei near the end of 2019. The holiday season was coming up, so there would be large frequent crowds to spread the pathogen.
- Some people in the region started to experience flu like symptoms but they didn't think much about it because it's a Winter season.
- Seeing numerous passengers were unusually ill, the cab drivers in Wuhan city knew something was up with the area close to the city laboratory.
- The number of flu patients in Renmin Hospital of Wuhan University and Zhongnan Hospital of Wuhan University started to curiously go up.
- The CPC bureaucrats in said hospitals started to report the situation to their superiors. Then, in turn, those superiors reported to politburo in State Council.
- Finally, Xi Jinping received the news regarding the situation in Wuhan city.
- On Jan. 7, 2020, Xi demanded during a Politburo Standing Committee to take care of the situation.
- Jiang Chaoliang and the other pro-Shanghai clique politburo in Hubei province pretended listening to Xi's order but they quietly ignored it by suppressing the evidences + sabotaging the field. -- Have you read the article which was reporting that the researchers received a gag order from China’s NHC with instructions to destroy the samples?
- Shanghai clique & Communist Youth League told their relatives and close associates to leave the region. It would look business as usual because it's near the Chinese New Year holiday season.
- Remember, Academics & the related institutions in China are Shanghai clique's turf.
- On Jan. 14, W.H.O declared that "Preliminary investigations conducted by the Chinese authorities have found no clear evidence of human-to-human transmission of the novel #coronavirus (2019-nCoV) identified in Wuhan, China."
- On Jan. 20, 2020, after realizing his previous directions were conveniently ignored, Xi gave special instructions to control the now-became outbreak.
- But again the pro-Shanghai clique politburo in Wuhan and other cities in Hubei province pretended following Xi's instructions but ultimately ignored those by still sabotaging the proceedings.
- Wuhan mayor Zhou Xianwang allowed and in fact applauded a massive annual potluck banquet for 40,000 families from a city precinct, who (on the ordinary people levels) are mostly the supporters of Xi Jinping. ---- It's going to be interesting to see who they would blame later on if there were to be a disaster in the region.
- On Jan. 23, 2020, after having confirmed their relatives and close associates left the region, they imposed a lockdown in Wuhan and other cities in Hubei province.
- Before the lockdown, 5 million people have already left Wuhan city. It was on. Some of them went to their homes in the different regions of China. But some people with connections & means left China and went to U.S., South Korea, Iran, Italy, & France, which are Chinese tourists' popular destinations.
- Xi Jinping and his Princelings now suspected something was not right. Xi disappeared from the public view.
- Willy Lam, a political scientist at the Chinese University of Hong Kong, commented that Xi Jinping's activities after his lengthy public disappearance looked like an attempt to shift blame to Li Keqiang if progress in fighting the disease is unsatisfactory.
.D. Outcome:
- With his performance of containing the situation were being praised by State Council, Li Keqiang's political power has been expanded within the council. ---- Li Keqiang belongs to China's Communist Youth League, which has been under Shanghai clique's control.
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- On Feb. 1, the US was the one of the first nations in the world along with Russia and N. Korea that banned not just Chinese nationals but all foreigners travelling from mainland China, declares public health emergency. And China and some US media criticized Trump for stoking fear and overreacting.
- On Feb. 3, China is expected to gradually implement a larger stimulus packages (in total) than a USD $572 billion from 2008. ---- Let's see where those money will go to. (Actually we would never find out but it will probably go to key people of Shanghai clique.)
- On Feb. 7, China National Petroleum Corp. has recently declared Force Majeure on gas imports. They are trying to make a breathing room for their foreign exchange reserves shortage. China's foreign exchange reserves fell to mere USD $3.1 trillion in Oct. 2019.
- On Feb. 12, the US targets Russian oil company for helping Venezuela skirt sanctions. ---- My guess is that at this moment, the US admin noticed something is up, so they tried to secure some leverage against Russia.
- Around Feb. 24, China is rumoured (on Twitter) to delay its US-China phase one trade deal implementation indefinitely which includes the increasement of China's purchasing American products & services by at least $200 billion over the next two years.
- If China indeed delays the phase one trade deal implementation, there won't be many comebacks (such as more tariffs) that the US can carry through, because now the pandemic is happening within the US Soil.
- On Feb. 24, S&P 500 Index started to drop. Opened with 3225.89 and closed 3128.21. By Feb. 28, it dropped to 2954.22.
- On Feb 28, China transferred more than 80,000 Uighurs to factories used by global brands such as Apple, Nike, & Volkswagen & among others.
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- On Mar. 1, China's State Council super tighten up their already draconian internet law.
- On Mar. 1, Princelings published an awesome propaganda called A Battle Against Epidemic: China Combating COVID-19 in 2020 which compiles numerous state media accounts on the heroic leadership of Xi Jinping, the vital role of the Communist Party, and the superiority of the Chinese system in fighting the virus.
- Starting at Mar. 3, the Fed has taken two significant measures to provide monetary stimulus.
- On Mar. 4, Xinhua News, China's official state-run press agency posted an article "Be bold: the world should thank China (理直气壮, 世界应该感谢中国)."
- Said article states "If China retaliates against the US at this time, it will also announce strategic control over medical products, and ban exports of said products to the US. ... If China declares today that its drugs are for domestic use only (banning exports), the US will fall into the hell of new coronavirus epidemic."
- This Xinhua article would be in part Shanghai clique's grand posturing (who are holding political power & capacity in medicals & biochemicals of China) to show off to people of China that Shanghai clique is still relevant in power.
- On Mar. 5, Shanghai Index has recovered the coronavirus loss almost completely.
- On Mar. 7, Saudi's Ahmed bin Abdulaziz and Muhammad bin Nayef were arrested on the claims of plotting to overthrow King Salman. ---- Ahmed bin Abdulaziz is known to have very tight investment-interest relationship with Bill Gates, Bill Browder, Blackstone, & Morgan Stanley.
- Interestingly, one common factor that connects Bill Gates, Bill Browder, Blackstone, & Morgan Stanley is China.
- On Mar. 8, the Russia–Saudi oil price war has initiated. The ostensible reason was simple. China, the biggest importer of oil from Saudi and Russia, was turning back tankers as the coronavirus outbreak forced the economy to a standstill.
- On, Mar. 13, China's Ministry of Commerce states that China is now the best region for global investment hedging.
- On Mar. 16, the fan club of Europe globalists (:D) has published a piece, China and Coronavirus: From Home-Made Disaster to Global Mega-Opportunity. The piece says the following:
Combined with the new aid disbursements and advice the other countries, Chinese leaders appear to be hoping that their heavily-promoted success in fighting the virus helps Beijing appear like a global leader on public health – and thus ready to take on other types of global leadership.
“The Chinese method is the only method that has proved successful” [in fighting the virus], is a message spread online in China by influencers, including many essentially promoting propaganda.
This is not necessarily true. After all, other wealthy Asian states have shown different, effective models. But it is certainly a message that seems to be resonating with opinion leaders around the world.
- On Mar. 16, the US stocks ended sharply lower with the Dow posting its worst point drop in history and falling to its lowest level in nearly three years. But some showed a faint hint of uncertain hope.
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Many thanks for reading up my long ass post!! -- The updated version is hopefully coming soon. :D
submitted by vanillabluesea to conspiracy [link] [comments]

Malaysia, a nation who became a trader in the forex market

I just wanted to share what I've read. It made me realize that anything can happen in the forex market.
It was today that I learned that my country's central bank called Bank Negara was involved in forex trading back in 1992. It was all done by the bank Governor and also Finance Minister at that time. Basically the central bank and the government were in cahoots to make a profit trading in the forex market. I've read that they used Bank Negara employee computers as well as their own to execute their HUGE position. In the range of billions of dollars.
In the year 1992, they went into the market buying sterling pounds in hopes that they go up. During that time, the Bank of England (BOE) was in the European Exchange Rate Mechanism (ERM) and was basically playing the cat and mouse game and trying to one up the Deutsche Mark. This resulted in low interest rate and very high inflation in the UK.
Enter George Soros, a hedge fun manager at that time who saw that the pound was severely overvalued and decided to short it. His position was fairly large, in the range of tens of millions of dollars. Bank Negara was basically on the other end of that trade, in their mind there's no way some small hedge fund could bring down a CENTRAL BANK. So they kept their long position on the pound until Wednesday September 16th 1992 came when BOE had to pull the pound out of the ERM because of the financial pressure that had built up from within. This made the pound plummet and cemented two things in history. That day is known today as Black Wednesday and George Soros was crowned "The man who broke the Bank of England" by making a profit of US$1 billion in a single day.
As for Bank Negara? Investigations were conducted within my country and the estimated loss of that trade was around US$10 billion. In other words, a lot of our nation's money went into Soros' pocket. Bank Negara was also reported to be insolvent after that loss and had to be bailed out by our Ministry of Finance. They did that by selling shares of MAS (national airline company), Telekom (national telecommunications company) and Tenaga (national utilities company). MAS had been struggling in the airline industry ever since. Both the bank Governor and the Finance Minister were relieved of their duties.
The losses had since been recovered but the whole incident effectively pushed the advancement and development of the country by a few years. Bank Negara had stopped their trading for profits activities ever since and sticking to only regulating the money supply, as it was intended in the first place.
That's a piece of my country's history and how it was tied to the forex trading world and the rest of the world events. Thank you and hope you had a pleasure reading.
submitted by MushrifSaidin to Forex [link] [comments]

Any Interest In An AMA With A Real Legend?

My partner and I reddit for fun. Okay, it’s mostly me that Reddits for fun. We enjoy this subreddit; it provides entertainment and I mean that in the most genuine and sincere way.
Instead of just lurking to find some fun, we thought we could provide some of our own. What we’re offering is something you will probably never ever have the opportunity to do otherwise: pick the brains of one of the biggest giants of currency trading of all time.
He is responsible for single handedly nuking an entire country’s currency, he has traded trillions of dollars worth of volume over a 30+ year career, been in charge of the forex desk for banks, firms, and even George Soros’ Quantum Fund, and has run his own funds for years generating consistently outsized returns for his lucky investors.
This is the guy that sees USDJPY teetering on support and by himself he would push it over the edge. And this is your chance to ask him anything.
If there’s some decent interest we’ll get something set up for you guys.
submitted by ParallaxFX to Forex [link] [comments]

Are the majoirty of youtube comments made by bots?

I was watching forex trading videos and there was a comment that said
"Wow great video thanks man"
Then a reply to that comment was "If you liked this you will also like this man aswell, his course is super cheap and is on sale now (link to course)
Then the rest of the replies were "wow thanks for this" and "woah i will be definitely using it"
All the channels had no videos and a basic profile pic of nature or an environment
Then i was watching a video about the new climate nazi girl, Naomi Seibt and a load of the comments were saying stuff about antifa and the democrats and soros
This was my favouirte one "ANTIFA, a left wing violent group supported by the DEMOCRATS. Hope the young lady has people guarding her because ANTIFA will go after her" (yes those caps were in the comment)
There was loads of variations of this type of comment with hundreds of likes, are these bots? I mean democrats arent even in germany
I feel like there are just bots waiting on news channels to just say whatever or people see a video and just unleash their bots into the comment section to stir the conversation
submitted by holothewisewolf12345 to NoStupidQuestions [link] [comments]

So at most you’d need $750 million, to break the bank of turkey and pummel their currency....that can be leveraged to short 15 billion, which is what they just got for help keeping it afloat. Literally buying it on the open Market and asking their people to do the same...who’s down to ruin lives?

submitted by antifrgl01 to wallstreetbets [link] [comments]

Any recommendations?

Hello guys, I’m very very new to the forex scene and I was wondering if there were any books anyone has read that they can recommend to me to help me get started?
submitted by KyngTyler to Forex [link] [comments]

Elaborating on Datadash's 50k BTC Prediction: Why We Endorse the Call

As originally published via CoinLive
I am the Co-Founder at CoinLive. Prior to founding Coinlive.io, my area of expertise was inter-market analysis. I came across Datadash 50k BTC prediction this week, and I must take my hats off to what I believe is an excellent interpretation of the inter-connectivity of various markets.
At your own convenience, you can find a sample of Intermarket analysis I've written in the past before immersing myself into cryptos full-time.
Gold inter-market: 'Out of sync' with VIX, takes lead from USD/JPY
USD/JPY inter-market: Watch divergence US-Japan yield spread
EUUSD intermarket: US yields collapse amid supply environment
Inter-market analysis: Risk back in vogue, but for how long?
USD/JPY intermarket: Bulls need higher adj in 10-y US-JP spread
The purpose of this article is to dive deeper into the factors Datadash presents in his video and how they can help us draw certain conclusions about the potential flows of capital into crypto markets and the need that will exist for a BTC ETF.
Before I do so, as a brief explainer, let's touch on what exactly Intermarket analysis refers to:
Intermarket analysis is the global interconnectivity between equities, bonds, currencies, commodities, and any other asset class; Global markets are an ever-evolving discounting and constant valuation mechanism and by studying their interconnectivity, we are much better positioned to explain and elaborate on why certain moves occur, future directions and gain insights on potential misalignments that the market may not have picked up on yet or might be ignoring/manipulating.
While such interconnectivity has proven to be quite limiting when it comes to the value one can extract from analyzing traditional financial assets and the crypto market, Datadash has eloquently been able to build a hypothesis, which as an Intermarket analyst, I consider very valid, and that matches up my own views. Nicolas Merten constructs a scenario which leads him to believe that a Bitcoin ETF is coming. Let's explore this hypothesis.
I will attempt to summarize and provide further clarity on why the current events in traditional asset classes, as described by Datadash, will inevitably result in a Bitcoin ETF. Make no mistake, Datadash's call for Bitcoin at 50k by the end of 2018 will be well justified once a BTC ETF is approved. While the timing is the most challenging part t get right, the end result won't vary.
If one wishes to learn more about my personal views on why a BTC ETF is such a big deal, I encourage you to read my article from late March this year.
Don't Be Misled by Low Liquidity/Volume - Fundamentals Never Stronger
The first point Nicholas Merten makes is that despite depressed volume levels, the fundamentals are very sound. That, I must say, is a point I couldn't agree more. In fact, I recently wrote an article titled The Paradox: Bitcoin Keeps Selling as Intrinsic Value Set to Explode where I state "the latest developments in Bitcoin's technology makes it paradoxically an ever increasingly interesting investment proposition the cheaper it gets."
However, no article better defines where we stand in terms of fundamentals than the one I wrote back on May 15th titled Find Out Why Institutions Will Flood the Bitcoin Market, where I look at the ever-growing list of evidence that shows why a new type of investors, the institutional ones, looks set to enter the market in mass.
Nicholas believes that based on the supply of Bitcoin, the market capitalization can reach about $800b. He makes a case that with the fundamentals in bitcoin much stronger, it wouldn't be that hard to envision the market cap more than double from its most recent all-time high of more than $300b.
Interest Rates Set to Rise Further
First of all, one of the most immediate implications of higher rates is the increased difficulty to bear the costs by borrowers, which leads Nicholas to believe that banks the likes of Deutsche Bank will face a tough environment going forward. The CEO of the giant German lender has actually warned that second-quarter results would reflect a “revenue environment [that] remains challenging."
Nicholas refers to the historical chart of Eurodollar LIBOR rates as illustrated below to strengthen the case that interest rates are set to follow an upward trajectory in the years to come as Central Banks continue to normalize monetary policies after a decade since the global financial crisis. I'd say, that is a correct assumption, although one must take into account the Italian crisis to be aware that a delay in higher European rates is a real possibility now.
![](https://coinlive.io/ckeditor_assets/pictures/947/content_2018-05-30_1100.png)
Let's look at the following combinations: Fed Fund Rate Contract (green), German 2-year bond yields (black) and Italy's 10-year bond yield (blue) to help us clarify what's the outlook for interest rates both in Europe and the United States in the foreseeable future. The chart suggests that while the Federal Reserve remains on track to keep increasing interest rates at a gradual pace, there has been a sudden change in the outlook for European rates in the short-end of the curve.
While the European Central Bank is no longer endorsing proactive policies as part of its long-standing QE narrative, President Mario Draghi is still not ready to communicate an exit strategy to its unconventional stimulus program due to protectionism threats in the euro-area, with Italy the latest nightmare episode.
Until such major step is taken in the form of a formal QE conclusion, interest rates in the European Union will remain depressed; the latest drastic spike in Italy's benchmark bond yield to default levels is pre-emptive of lower rates for longer, an environment that on one hand may benefit the likes of Deutsche Bank on lower borrowing costs, but on the other hand, sets in motion a bigger headache as risk aversion is set to dominate financial markets, which leads to worse financial consequences such as loss of confidence and hence in equity valuations.
![](https://coinlive.io/ckeditor_assets/pictures/948/content_2018-05-30_1113.png)
Deutsche Bank - End of the Road?
Nicholas argues that as part of the re-restructuring process in Deutsche Bank, they will be facing a much more challenging environment as lending becomes more difficult on higher interest rates. At CoinLive, we still believe this to be a logical scenario to expect, even if a delay happens as the ECB tries to deal with the Italian political crisis which once again raises the question of whether or not Italy should be part of the EU. Reference to an article by Zerohedge is given, where it states:
"One day after the WSJ reported that the biggest German bank is set to "decimate" its workforce, firing 10,000 workers or one in ten, this morning Deutsche Bank confirmed plans to cut thousands of jobs as part of new CEO Christian Sewing's restructuring and cost-cutting effort. The German bank said its headcount would fall “well below” 90,000, from just over 97,000. But the biggest gut punch to employee morale is that the bank would reduce headcount in its equities sales and trading business by about 25%."
There is an undeniably ongoing phenomenon of a migration in job positions from traditional financial markets into blockchain, which as we have reported in the past, it appears to be a logical and rational step to be taken, especially in light of the new revenue streams the blockchain sector has to offer. Proof of that is the fact that Binance, a crypto exchange with around 200 employees and less than 1 year of operations has overcome Deutsche Bank, in total profits. What this communicates is that the opportunities to grow an institution’s revenue stream are formidable once they decide to integrate cryptocurrencies into their business models.
One can find an illustration of Deutsche Bank's free-fall in prices below:
![](https://coinlive.io/ckeditor_assets/pictures/946/content_2018-05-30_1052.png)
Nicholas takes notes of a chart in which one can clearly notice a worrying trend for Italian debt. "Just about every other major investor type has become a net seller (to the ECB) or a non-buyer of BTPs over the last couple of years. Said differently, for well over a year, the only marginal buyer of Italian bonds has been the ECB!", the team of Economists at Citi explained. One can find the article via ZeroHedge here.
![](https://coinlive.io/ckeditor_assets/pictures/953/content_2018-05-30_1451.png)
Equities & Housing to Suffer the Consequences
Nicholas notes that trillions of dollars need to exit these artificially-inflated equity markets. He even mentions a legendary investor such as George Soros, who has recently warned that the world could be on the brink of another devastating financial crisis, on lingering debt concerns in Europe and a strengthening US dollar, as a destabilizing factor for both the US's emerging- and developed-market rivals.
Ray Dalio, another legend in the investing world and Founder of Bridgewater Associates, the world’s largest hedge fund, "has ramped up its short positions in European equities in recent weeks, bringing their total value to an estimated $22 billion", MarketWatch reports.
Nicholas extracts a chart by John Del Vecchio at lmtr.com where it illustrates the ratio between stocks and commodities at the lowest in over 50 years.
As the author states:
"I like to look for extremes in the markets. Extremes often pinpoint areas where returns can be higher and risk lower than in other time periods. Take the relationship between commodities and stocks. The chart below shows that commodities haven not been cheaper than stocks in a generation. We often hear this time it is different” to justify what’s going on in the world. But, one thing that never changes is human nature. People push markets to extremes. Then they revert. "
![](https://coinlive.io/ckeditor_assets/pictures/954/content_2018-05-30_1459.png)
Bitcoin ETF the Holy Grail for a Cyclical Multi-Year Bull Run
It is precisely from this last chart above that leads Nicholas to believe we are on the verge of a resurgence in commodity prices. Not only that but amid the need of all this capital to exit stocks and to a certain extent risky bonds (Italian), a new commodity-based digital currency ETF based on Bitcoin will emerge in 2018.
The author of Datadash highlights the consideration to launching a Bitcoin ETF by the SEC. At CoinLive, our reporting of the subject can be found below:
"Back in April, it was reported that the US Securities and Exchange Commission (SEC) has put back on the table two Bitcoin ETF proposals, according to public documents. The agency is under formal proceedings to approve a rule change that would allow NYSE Arca to list two exchange-traded funds (ETFs) proposed by fund provider ProShares. The introduction of an ETF would make Bitcoin available to a much wider share of market participants, with the ability to directly buy the asset at the click of a button, essentially simplifying the current complexity that involves having to deal with all the cumbersome steps currently in place."
Nicholas refers to the support the Bitcoin ETF has been receiving by the Cboe president Chris Concannon, which is a major positive development. CoinLive reported on the story back in late March, noting that "a Bitcoin ETF will without a doubt open the floodgates to an enormous tsunami of fresh capital entering the space, which based on the latest hints by Concannon, the willingness to keep pushing for it remains unabated as the evolution of digital assets keeps its course."
It has been for quite some time CoinLive's conviction, now supported by no other than Nicholas Merten from Datadash, that over the next 6 months, markets will start factoring in the event of the year, that is, the approval of a Bitcoin ETF that will serve as a alternative vehicle to accommodate the massive flows of capital leaving some of the traditional asset classes. As Nicholas suggests, the SEC will have little choice but to provide alternative investments.
Bitcoin as a Hedge to Lower Portfolios' Volatility
Last but not least, crypto assets such as Bitcoin and the likes have an almost non-existent correlation to other traditional assets such as stocks, bonds, and commodities, which makes for a very attractive and broadly-applicable diversification strategy for the professional money as it reduces one’s portfolio volatility. The moment a Bitcoin ETF is confirmed, expect the non-correlation element of Bitcoin as a major driving force to attract further capital.
Anyone Can Be Wrong Datadash, But You Won't be Wrong Alone
Having analyzed the hypothesis by Nicholas Merten, at CoinLive we believe that the conclusion reached, that is, the creation of a Bitcoin ETF that will provide shelter to a tsunami of capital motivated by the diversification and store of value appeal of Bitcoin, is the next logical step. As per the timing of it, we also anticipate, as Nicholas notes, that it will most likely be subject to the price action in traditional assets. Should equities and credit markets hold steady, it may result in a potential delay, whereas disruption in the capital market may see the need for a BTC ETF accelerate. Either scenario, we will conclude with a quote we wrote back in March.
"It appears as though an ETF on Bitcoin is moving from a state of "If" to "When."
Datadash is certainly not alone on his 50k call. BitMEX CEO Arthur Hayes appears to think along the same line.
On behalf of the CoinLive Team, we want to thank Nicholas Merten at Datadash for such enlightening insights.
submitted by Ivo333 to BitcoinMarkets [link] [comments]

[Not my post] The Structure of Forex Brokers

Originally posted by Darkstar at Forex Factory.
Disclaimer: I did not write this. I found this post on ForexFactory written by a user called DarkStar, which I believe a lot of redditors will benefit from reading.
________________________________________________________________________________________________________
There has been much discussion of late regarding borker spreads and liquidity. Many assumptions are being made about why spreads are widened during news time that are built on an incomplete knowledge of the architecture of the forex market in general. The purpose of this article is to dissect the market and hopefully shed some light on the situation so that a more rational and productive discussion can be undertaken by the Forex Factory members.
We will begin with an explanation of the purpose of the Forex market and how it is utilized by its primary participants, expand into the structure and operation of the market, and conclude with the implications of this information for speculators. With that having been said, let us begin.
Unlike the various bond and equity markets, the Forex market is not generally utilized as an investment medium. While speculation has a critical role in its proper function, the lion’s share of Forex transactions are done as a function of international business.
The guy who buys a shiny new Eclipse more then likely will pay for it with US Dollars. Unfortunately Mitsubishi’s factory workers in Japan need to get their paychecks denominated in Yen, so at some point a conversion needs to be made. When one considers that companies like Exxon, Boeing, Sony, Dell, Honda, and thousands of other international businesses move nearly every dollar, real, yen, rubble, pound, and euro they make in a foreign country through the Forex market, it isn’t hard to understand how insignificant the speculative presence is; even in a $2tril per day market.
By and large, businesses don’t much care about the intricacies of exchange rates, they just want to make and sell their products. As a central repository of a company’s money, it was only natural that the banks would be the facilitators of these transactions. In the old days it was easy enough for a bank to call a foreign bank (or a foreign branch of ones own bank) and swap the stockpiles of currency each had accumulated from their many customers.
Just as any business would, the banks bought the foreign currency at one rate and marked it up before selling it to the customer. With that the foreign exchange spread was born. This was (and still is) a reasonable cost of doing business. Mitsubishi can pay its customers and the banks make a nice little profit for the hassle and risks associated with moving around the currency.
As a byproduct of transacting all this business, bank traders developed the ability to speculate on the future of currency rates. Utilizing a better understanding of the market, a bank could quote a business a spread on the current rate but hold off hedging until a better one came along. This process allowed the banks to expand their net income dramatically. The unfortunate consequence was that liquidity was redistributed in a way that made certain transactions impossible to complete.
It was for this reason and this reason alone that the market was eventually opened up to non-bank participants. The banks wanted more orders in the market so that a) they could profit from the less experienced participants, and b) the less experienced participants could provide a better liquidity distribution for execution of international business hedge orders. Initially only megacap hedge funds (such as Soros’s and others) were permitted, but it has since grown to include the retail brokerages and ECNs.

Market Structure:
Now that we have established why the market exists, let’s take a look at how the transactions are facilitated:
The top tier of the Forex market is transacted on what is collectively known as the Interbank. Contrary to popular belief the Interbank is not an exchange; it is a collection of communication agreements between the world’s largest money center banks.
To understand the structure of the Interbank market, it may be easier to grasp by way of analogy. Consider that in an office (or maybe even someone’s home) there are multiple computers connected via a network cable. Each computer operates independently of the others until it needs a resource that another computer possesses. At that point it will contact the other computer and request access to the necessary resource. If the computer is working properly and its owner has given the requestor authorization to do so, the resource can be accessed and the initiating computers request can be fulfilled. By substituting computers for banks and resources for currency, you can easily grasp the relationships that exist on the Interbank.
Anyone who has ever tried to find resources on a computer network without a server can appreciate how difficult it can be to keep track of who has what resources. The same issue exists on the Interbank market with regard to prices and currency inventory. A bank in Singapore may only rarely transact business with a company that needs to exchange some Brazilian Real and it can be very difficult to establish what a proper exchange rate should be. It is for this purpose that EBS and Reuters (hereafter EBS) established their services.
Layered on top (in a manner of speaking) of the Interbank communication links, the EBS service enables banks to see how much and at what prices all the Interbank members are willing to transact. Pains should be taken to express that EBS is not a market or a market maker; it is an application used to see bids and offers from the various banks.
The second tier of the market exists essential within each bank. By calling your local Bank of America branch you can exchange any foreign currency you would like. More then likely they will just move some excess currency from one branch to another. Since this is a micro-exchange with a single counterparty, you are basically at their mercy as to what exchange rate they will quote you. Your choice is to accept their offer or shop a different bank. Everyone who trades the forex market should visit their bank at least once to get a few quotes. It would be very enlightening to see how lucrative these transactions really are.
Branching off of this second tier is the third tier retail market. When brokers like Oanda, Forex.com, FXCM, etc. desire to establish a retail operation the first thing they need is a liquidity provider. Nine in ten of these brokers will sign an agreement with just one bank. This bank will agree to provide liquidity if and only if they can hedge it on EBS inclusive of their desired spread. Because the volume will be significantly higher a single bank patron will transact, the spreads will be much more competitive. By no means should it be expected these tier 3 providers will be quoted precisely what exists on the Interbank. Remember the bank is in the business of collecting spreads and no agreement is going to suspend that priority.
Retail forex is almost akin to running a casino. The majority of its participants have zero understanding how to trade effectively and as a result are consistent losers. The spread system combined with a standard probability distribution of returns gives the broker a built in house advantage of a few percentage points. As a result, they have all built internal order matching systems that play one loser off against a winner and collect the spread. On the occasions when disequilibrium exists within the internal order book, the broker hedges any exposure with their tier 2 liquidity provider.
As bad as this may sound, there are some significant advantages for speculators that deal with them. Because it is an internal order book, many features can be provided which are otherwise unavailable through other means. Non-standard contract sizes, high leverage on tiny account balances, and the ability to transact in a commission free environment are just a few of them…
An ECN operates similar to a Tier 2 bank, but still exists on the third tier. An ECN will generally establish agreements with several tier 2 banks for liquidity. However instead of matching orders internally, it will just pass through the quotes from the banks, as is, to be traded on. It’s sort of an EBS for little guys. There are many advantages to the model, but it is still not the Interbank. The banks are going to make their spread or their not go to waste their time. Depending on the bank this will take the form of price shading or widened spreads depending on market conditions. The ECN, for its trouble, collects a commission on each transaction.
Aside from the commission factor, there are some other disadvantages a speculator should consider before making the leap to an ECN. Most offer much lower leverage and only allow full lot transactions. During certain market conditions, the banks may also pull their liquidity leaving traders without an opportunity to enter or exit positions at their desired price.

Trade Mechanics:
It is convenient to believe that in a $2tril per day market there is always enough liquidity to do what needs to be done. Unfortunately belief does not negate the reality that for every buyer there MUST be a seller or no transaction can occur. When an order is too large to transact at the current price, the price moves to the point where open interest is abundant enough to cover it. Every time you see price move a single pip, it means that an order was executed that consumed (or otherwise removed) the open interest at the current price. There is no other way that prices can move.
As we covered earlier, each bank lists on EBS how much and at what price they are willing to transact a currency. It is important to note that no Interbank participant is under any obligation to make a transaction if they do not feel it is in their best interest. There are no “market makers” on the Interbank; only speculators and hedgers.
Looking at an ECN platform or Level II data on the stock market, one can get a feel for what the orders on EBS look like. The following is a sample representation:
You’ll notice that there is open interest (Level II Vol figures) of various sizes at different price points. Each one of those units represents existing limit orders and in this example, each unit is $1mil in currency.
Using this information, if a market sell order was placed for 38.4mil, the spread would instantly widen from 2.5 pips to 4.5 pips because there would no longer be any orders between 1.56300 and 1.56345. No broker, market maker, bank, or thief in the night widened the spread; it was the natural byproduct of the order that was placed. If no additional orders entered the market, the spread would remain this large forever. Fortunately, someone somewhere will deem a price point between those 2 figures an appropriate opportunity to do something and place an order. That order will either consume more interest or add to it, depending whether it is a market or limit order respectively.
What would have happened if someone placed a market sell order for 2mil just 1 millisecond after that 38.4 mil order hit? They would have been filled at 1.5630 Why were they “slipped”? Because there was no one to take the other side of the transaction at 1.56320 any longer. Again, nobody was out screwing the trader; it was the natural byproduct of the order flow.
A more interesting question is, what would happen if all the listed orders where suddenly canceled? The spread would widen to a point at which there were existing bids and offers. That may be 5,7,9, or even 100 pips; it is going to widen to whatever the difference between a bid and an offer are. Notice that nobody came in and “set” the spread, they just refused to transact at anything between it.
Nothing can be done to force orders into existence that don’t exist. Regardless what market is being examined or what broker is facilitating transactions, it is impossible to avoid spreads and slippage. They are a fact of life in the realm of trading.

Implications for speculators:
Trading has been characterized as a zero sum game, and rightly so. If trader A sells a security to trader B and the price goes up, trader A lost money that they otherwise could have made. If it goes down, Trader A made money from trader B’s mistake. Even in a huge market like the Forex, each transaction must have a buyer and a seller to make a trade and one of them is going to lose. In the general realm of trading, this is materially irrelevant to each participant. But there are certain situations where it becomes of significant importance. One of those situations is a news event.
Much has been made of late about how it is immoral, illegal, or downright evil for a broker, bank, or other liquidity provider to withdraw their order (increasing the spread) and slip orders (as though it was a conscious decision on their part to do so) more then normal during these events. These things occur for very specific reasons which have nothing to do with screwing anyone. Let us examine why:
Leading up to an economic report for example, certain traders will enter into positions expecting the news to go a certain way. As the event becomes immanent, the banks on the Interbank will remove their speculative orders for fear of taking unnecessary losses. Technical traders will pull their orders as well since it is common practice for them to avoid the news. Hedge funds and other macro traders are either already positioned or waiting until after the news hits to make decisions dependent on the result.
Knowing what we now know, where is the liquidity necessary to maintain a tight spread coming from?
Moving down the food chain to Tier 2; a bank will only provide liquidity to an ECN or retail broker if they can instantly hedge (plus their requisite spread) the positions on Interbank. If the Interbank spreads are widening due to lower liquidity, the bank is going to have to widen the spreads on the downstream players as well.
At tier 3 the ECN’s are simply passing the banks offers on, so spreads widen up to their customers. The retailers that guarantee spreads of 2 to 5 pips have just opened a gaping hole in their risk profile since they can no longer hedge their net exposure (ever wonder why they always seem to shut down or requote until its over?). The variable spread retailers in turn open up their spreads to match what is happening at the bank or they run into the same problems fixed spreads broker are dealing with.
Now think about this situation for a second. What is going to happen when a number misses expectations? How many traders going into the event with positions chose wrong and need to get out ASAP? How many hedge funds are going to instantly drop their macro orders? How many retail traders’ straddle orders just executed? How many of them were waiting to hear a miss and executed market orders?
With the technical traders on the sidelines, who is going to be stupid enough to take the other side of all these orders?
The answer is no one. Between 1 and 5 seconds after the news hits it is a purely a 1 way market. That big long pin bar that occurs is a grand total of 2 prices; the one before the news hit and the one after. The 10, 20, or 30 pips between them is called a gap.
Is it any wonder that slippage is in evidence at this time?

Conclusions:
Each tier of the Forex market has its own inherent advantages and disadvantages. Depending on your priorities you have to make a choice between what restrictions you can live with and those you cant. Unfortunately, you can’t always get what you want.
By focusing on slippage and spreads, which are the natural byproduct of order flow, one is not only pursuing a futile ideal, they are passing up an enormous opportunity to capitalize on true inefficiencies. News events are one of the few times where a large number of players are positioned inappropriately and it is fairly easy to profit from their foolishness. If a trader truly wants to make the leap to the next level of profitability they should be spending their time figuring out how identify these positions and trading with the goal of capturing the price movement they inevitably will cause.
Nobody is going to make the argument that a broker is a trader’s best friend, but they still provide a valuable service and should be compensated for their efforts. By accepting a broker for what it is and learning how to work within the limitations of the relationship, traders have access to a world of opportunity that they otherwise could never dream of capturing. Let us all remember that simple truth.
submitted by Cross_Game to Forex [link] [comments]

Getting into trading! Here's to many years of blood, sweat and tears.

Hey guys, graduated from university recently and joined an FX brokerage firm as an intern. Initially I specialized in IT, but looking around the sales floor I can't help but get immensely fascinated by the trading ecosystem. I'm using Babypips, but I find Forex Peace Army more appealing because of its conversational style.
Anyway, I pray to Saint Soros every night, and hope luck will strike me soon :D
PS: The FX resources megathread is damn good! I have my work cut out for me!
submitted by babat0t0 to Forex [link] [comments]

George Soros and Black Wednesday

I know this sub loves George Soros (part sarcastically I presume, part honestly), so wanted to know how people viewed his actions vis-a-vis Black Wednesday. I am no economist, so don't have a great understanding of the events, but here goes anyway. Soros, through his Quantum Fund, and other forex traders he influenced, short sold large amounts of British currency, in a move that profited him $1B in a day, but also heavily contributed to the crashing of the currency, and economic downturn in the country.
I'm under no illusion that what he did was illegal, or that he was in some way "stealing from UK taxpayers", but he did act on personal greed and selfishness, and contributed to an economic downturn (with the associated misery and hardships for people across the country).
submitted by HenryWu001 to neoliberal [link] [comments]

Is there any such thing as a safe bet in the forex?

I'm still new to this whole world, only discovered it a couple days ago. Been repeatedly reading the top posts, forums/wiki... Think theres a lot of potential here. I realize this is definitely a dumb question, but before I dive deeper, I'm just curious to know. EX: In equities, you can say with relative certainty over a period of time a blue chip stock will give you positive returns. Is there any scenario with a similar outcome in the forex?
submitted by HoosierDaddy23 to Forex [link] [comments]

Anyone had luck trading forex?

submitted by ZuptaRepublic to southafrica [link] [comments]

Lord's Prayer

Our Father, George Soros, in forex, hallowed be your name. Your kingdom come, thy will be done, on GBP, for it is in heaven. Give us this day our daily pips, and forgive us our debts, as we also have forgiven our debtors. And lead us not into losses, but deliver us from margin call. Amen.
submitted by Best_Of_The_Midwest to forexbets [link] [comments]

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Forex Trading Tips - Learning from George Soros for Bigger FX Profits

George Soros ganhou 1 BILHÃO de dólares no FOREX em 1 dia Luiz Hota. Loading... Unsubscribe from Luiz Hota? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 7.94K. Loading ... Billionaire investor George Soros is back to trading following a long hiatus, and he's making a series of bearish investments. WSJ's Geoffrey Rogow discusses... FOREX Best Forex Strategy Interview with George Soros Forex Trading. Loading... Unsubscribe from Forex Trading? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 656. Loading ... Forex for winners http://www.theforexkings.com Forex indicators http://www.theforexkings.com/#!forex-indicators/rza8h Forex trading http://www.thefo... https://www.learncurrencytradingonline.com/ In terms of best Forex strategies one to study is the trading techniques of George Soros which we cover in this v... In this video we look at trading legend George Soros and his views on how and why prices move, his theory of reflexivity and other key tips for profit from one of the best traders of all time ... george soros forex trading system - Download Free forex indicator and forex System at: http://32forexindicator.blogspot.com. In this video Matty from Logikfx discusses how George Soros's approaches the markets and the type of advice/ tips he follows. George Soros is famous for bett...

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