Showing posts with label forex 60 seconds. Show all posts
Showing posts with label forex 60 seconds. Show all posts
plus500- online trading platform?
Posted by Ryanita
on
Saturday, February 22, 2014
, under
forex 60 seconds
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jAzz..!
I just joined in this yesterday and in the demo I just made about $60 in one night.. So I am not sure and scared inorder to skip to the real account. Is this trading platform safe ? How could I receive the profits I made.. ?
Really need your help.
Thanks..
Answer
They are found in a search of the FSA (UK Financial regulator) site for being fined over 200,000 GBP for violations in reporting of transactions. First link below.
In general, anything to do with binary options is a scam. It's just betting at stupid odds that give you no chance of winning.
The second link is from the US regulator (CFTC) warning about scams in forex, but equally applicable to binary options.
They are found in a search of the FSA (UK Financial regulator) site for being fined over 200,000 GBP for violations in reporting of transactions. First link below.
In general, anything to do with binary options is a scam. It's just betting at stupid odds that give you no chance of winning.
The second link is from the US regulator (CFTC) warning about scams in forex, but equally applicable to binary options.
Trading in Foreign Exchanges (Spot Rates & Forward Rates)?
xx kEwTiiE
Please explain to me on how to do this. I am completely lost. Thank you.
Answer
First note that you are given the forex rates in "indirect" form. Indirect quotes tell you the number of foreign units it takes to buy 1 unit of domestic currency (your domestic currency is the US dollar). So, using the spot rate, it takes £0.5267 to buy $1. The reciprocal ( 1 / the indirect rate) will give you a "direct" quote, the number of domestic currency units (here, dollars) to buy one unit of foreign currency (here, the £). Thus, 1 / 0.5267 = 1.8961. This means £1 = (buys) $1.8961.
Looking at the spot and forward rates....
0.5267 ...0.5283...0.5299...0.5315
you see the number increasing over time...this means it takes more £s to buy dollars in the future. That means the £ is expected to weaken against the dollar in the future.
Another way to look at it is to look at the reciprocals of the spot and forward rates. 1 / the indirect quote...
1.89861...1.89286...1.88715...1.88147
Examining these rates, you'll see that in the future the £ is worth fewer dollars. Again, this shows the £ is weakening against the dollar.
So, the answer to #1 is the £ is selling at a discount in the forward market. (It costs less, in terms of dollars, in the future, than it costs today, at the spot rate.)
#2) There are two ways to go about calculating the answer. The fastest way is to do it this way: Since the indirect quote is expressed as £/$ = 0.5267, then £450,000/0.5267 = $854,376 (I drop the cents since your answer options drop them). You'll see that this is the same as inverting the £0.5267/$1 to 1 / 0.5267 and multiplying by 450,000...so you have 450,000/0.5267 = $854,376. The other way, is really another way to invert and multiply, but with one more step. You actually "solve" for 1 / 0.5267 first, which gives you the direct quote, 1.89861, which is the number of dollars per pound, and then multiply by the number of pounds: £450,000 * $1.89861 = $854,376.
#3) First solve for the dollar value of the £450,000 at the 60 day forward rate...invert and multiply
450,000 / 0.5299 = $849,216
or solve for the fraction 1 / 0.5299 first and then multiply:
1 / 0.5299 = 1.88715...times 450,000 = $849,216
Second, solve for the difference between receiving $s at the 60 day forward rate vs receiving $s at the spot rate today...
forward $849,216 - spot 854,376 = ($5,159) < where the parentheses indicate a negative number, e.g. a LOSS
BTW, the fact that the question itself asks you how much you LOSE by waiting 60 days to get paid £450,000 indicates that the £ is worth LESS in the forward market than it's worth at the current spot price....just a confirmation of your answer to the first question - the £ is selling at a discount to spot in the forward market.
I've included a link which will take you to the beginning of the foreign exchange section of the CFA exam study guide. If you click on it, you'll see there are several sections you can explore to learn more, e.g. section 5.9 basic terms of forex (the link takes you directly there), 5.11 spot market calculations, 5.12 forward market calculations, 5.8 purchasing power parity and interest rate parity. I hope you find this useful.
First note that you are given the forex rates in "indirect" form. Indirect quotes tell you the number of foreign units it takes to buy 1 unit of domestic currency (your domestic currency is the US dollar). So, using the spot rate, it takes £0.5267 to buy $1. The reciprocal ( 1 / the indirect rate) will give you a "direct" quote, the number of domestic currency units (here, dollars) to buy one unit of foreign currency (here, the £). Thus, 1 / 0.5267 = 1.8961. This means £1 = (buys) $1.8961.
Looking at the spot and forward rates....
0.5267 ...0.5283...0.5299...0.5315
you see the number increasing over time...this means it takes more £s to buy dollars in the future. That means the £ is expected to weaken against the dollar in the future.
Another way to look at it is to look at the reciprocals of the spot and forward rates. 1 / the indirect quote...
1.89861...1.89286...1.88715...1.88147
Examining these rates, you'll see that in the future the £ is worth fewer dollars. Again, this shows the £ is weakening against the dollar.
So, the answer to #1 is the £ is selling at a discount in the forward market. (It costs less, in terms of dollars, in the future, than it costs today, at the spot rate.)
#2) There are two ways to go about calculating the answer. The fastest way is to do it this way: Since the indirect quote is expressed as £/$ = 0.5267, then £450,000/0.5267 = $854,376 (I drop the cents since your answer options drop them). You'll see that this is the same as inverting the £0.5267/$1 to 1 / 0.5267 and multiplying by 450,000...so you have 450,000/0.5267 = $854,376. The other way, is really another way to invert and multiply, but with one more step. You actually "solve" for 1 / 0.5267 first, which gives you the direct quote, 1.89861, which is the number of dollars per pound, and then multiply by the number of pounds: £450,000 * $1.89861 = $854,376.
#3) First solve for the dollar value of the £450,000 at the 60 day forward rate...invert and multiply
450,000 / 0.5299 = $849,216
or solve for the fraction 1 / 0.5299 first and then multiply:
1 / 0.5299 = 1.88715...times 450,000 = $849,216
Second, solve for the difference between receiving $s at the 60 day forward rate vs receiving $s at the spot rate today...
forward $849,216 - spot 854,376 = ($5,159) < where the parentheses indicate a negative number, e.g. a LOSS
BTW, the fact that the question itself asks you how much you LOSE by waiting 60 days to get paid £450,000 indicates that the £ is worth LESS in the forward market than it's worth at the current spot price....just a confirmation of your answer to the first question - the £ is selling at a discount to spot in the forward market.
I've included a link which will take you to the beginning of the foreign exchange section of the CFA exam study guide. If you click on it, you'll see there are several sections you can explore to learn more, e.g. section 5.9 basic terms of forex (the link takes you directly there), 5.11 spot market calculations, 5.12 forward market calculations, 5.8 purchasing power parity and interest rate parity. I hope you find this useful.
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why does cedar finance say NO OPTION AVAILABLE IN THIS ASSET CLASS. PLEASE COME BACK TO US DURING OUR TRADIN?
Posted by Ryanita
on
Thursday, February 6, 2014
, under
forex 60 seconds
|
comments (0)
Ben Levy
So I was on cedar finance and every time i click 60 seconds it says why does cedar finance say NO OPTION AVAILABLE IN THIS ASSET CLASS. PLEASE COME BACK TO US DURING OUR TRADING HOURS can you please help me thank you
Answer
It's Sunday. Markets are closed.
Since you are clearly a novice, you may not realize that binary options are a scam. It's not investing, just betting at terrible odds. The only ones making money are the thieves running the sites.
The odds are totally stacked against you. Earlier someone asked about a firm paying 70% on winners. Here's how the math works in that example.
Win: 70%
Lose: 100%
Expected value of each trade: (70 - 100 ) / 2 = -15%
A legit options broker would be registered on appropriate government sites. None of the widely promoted sites are regulated. Many are in obscure countries with no customer protection.
US: Check CFTC and SEC sites
UK: See FSA site
The CFTC link below about investing risks applies to both forex and binary options.
It's Sunday. Markets are closed.
Since you are clearly a novice, you may not realize that binary options are a scam. It's not investing, just betting at terrible odds. The only ones making money are the thieves running the sites.
The odds are totally stacked against you. Earlier someone asked about a firm paying 70% on winners. Here's how the math works in that example.
Win: 70%
Lose: 100%
Expected value of each trade: (70 - 100 ) / 2 = -15%
A legit options broker would be registered on appropriate government sites. None of the widely promoted sites are regulated. Many are in obscure countries with no customer protection.
US: Check CFTC and SEC sites
UK: See FSA site
The CFTC link below about investing risks applies to both forex and binary options.
should i invest in stocks? (binary options)?
No name
basically i have been looking at binary options and 60 second trading. I have worked out a system that seems to work nearly all of the time. I downloaded a trading platform that comes with a demo account so you can try it out without investing real money (its a simulation) tonight from that i made £400 without investing more than £112. obiously simulation as i said not real. I have done this for about 3 nights consecutively so i dont think it can be a fluke. I turn 18 next week so i can buy stocks is it worth investing real money into binary trading? im not sure what i should do any advice thanks :D and at 18 years old £400 a day is pretty decent i know you stock brokers obviously make more than that.
Answer
Binary options are a scam. The odds are so stacked against you that you cannot possibly win long term.
It is just unregulated gambling at terrible odds. Here's how the math works for 70% payout.
Win: 70%
Lose: 100%
Expected value of each trade: (70 - 100 ) / 2 = -15%
You would have to predict over 60% just to break even.
A legit options broker would be registered on appropriate government sites. None of the widely promoted sites are regulated. Many are in obscure countries with no customer protection, with at least 2 widely advertised firms in Cyprus.
US: Check CFTC and SEC sites
UK: See FCA site (No longer FSA)
The CFTC link below about investing risks applies to both forex and binary options.
One widely advertised binary options site (Banc de Binary) was just charged with securities violations by the SEC. 2nd link below.
Binary options are a scam. The odds are so stacked against you that you cannot possibly win long term.
It is just unregulated gambling at terrible odds. Here's how the math works for 70% payout.
Win: 70%
Lose: 100%
Expected value of each trade: (70 - 100 ) / 2 = -15%
You would have to predict over 60% just to break even.
A legit options broker would be registered on appropriate government sites. None of the widely promoted sites are regulated. Many are in obscure countries with no customer protection, with at least 2 widely advertised firms in Cyprus.
US: Check CFTC and SEC sites
UK: See FCA site (No longer FSA)
The CFTC link below about investing risks applies to both forex and binary options.
One widely advertised binary options site (Banc de Binary) was just charged with securities violations by the SEC. 2nd link below.
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Hey anyone who is into technical analysis out there..?
Posted by Ryanita
on
Sunday, February 2, 2014
, under
forex 60 seconds
|
comments (0)
tjcsonofal
I want to know if anyone knows of a way to predict price movement on a 1 min chart...
Answer
Which market? stocks, commodities, currencies, bonds, options, etc. etc.
Every novice, every single one, gravitates to the shorter and shorter time frames until they are stuck on the 1 min chart and can't go lower. Actually, I had a tick chart for awhile that was so noisy it looked like an electrocardiagram.
What you're looking for first is the trend, and then major areas of Support and Resistance, but major levels were probably not hit in the last 3-5 minutes. Those are shown on the Daily chart, and maybe on the 30 min chart. When price nears an important area, then use the 5 min or even the 1 min to look for an entry point.
In the Forex, trading currencies, we rarely use anything less than the 90 min chart, sometimes the 60 min, for making trade decisions, but we will use the lower time frames for entry points. The only time I use the 1 min with Forex is on the major Report trades, similar to the gap openings in the stock market, where every second can make a difference in direction.
Test your trading theories on a Simulator at Investopedia.com
Which market? stocks, commodities, currencies, bonds, options, etc. etc.
Every novice, every single one, gravitates to the shorter and shorter time frames until they are stuck on the 1 min chart and can't go lower. Actually, I had a tick chart for awhile that was so noisy it looked like an electrocardiagram.
What you're looking for first is the trend, and then major areas of Support and Resistance, but major levels were probably not hit in the last 3-5 minutes. Those are shown on the Daily chart, and maybe on the 30 min chart. When price nears an important area, then use the 5 min or even the 1 min to look for an entry point.
In the Forex, trading currencies, we rarely use anything less than the 90 min chart, sometimes the 60 min, for making trade decisions, but we will use the lower time frames for entry points. The only time I use the 1 min with Forex is on the major Report trades, similar to the gap openings in the stock market, where every second can make a difference in direction.
Test your trading theories on a Simulator at Investopedia.com
Can Stargate International Cargo be trusted?
kqa25
We are in Dubai now.We sent 2 boxes to my mother in manila and 2 other boxes to our inlaws in Laoag, Ilocos norte last March 10. It's April 18 now. Stargate said it should just take 30-35 days for delivery to manila and 35-40days to any province in the Philippines. I called my mom and she said that she has not received anything yet. I am getting a bit worried about it. Is there anyone who knows how long does it really take for shipment to arrive in the Phil from Dubai. And can we really trust on the services of Stargate?
Answer
Time and again we YAP gets the same question like your concern. In fact all over YAP I have found over 30 expressed negative sentiments with Stargate. What is a fact is that they deliver late. I myself have experienced this although it did come with only a 1 or 2 display bottles broken. It took approx. 60 days to reach me. That also after I pester the Manila office and the Tacloban office.
There had been several questions saying that their packages has not been delivered for over 2 months. I suggest for you to have a little more patience, put a minimum of 60 days wait. If it doesn't come ask your Mom to call the head office and also ask for the number of the local partner in Ilocos. Then let her pester them.
One of the YA user at UAE have even expressed his intention to sue them. His claim is that Stargate delivers okay when you do it for the first or second time. The next time, they'll screw you.
I wouldn't trust Stargate anymore. Next time, take a more reliable cargo. Forex for instance. They have a tracking service which makes it easier for you to track your cargoes. There are also several cargo companies worth your money.
Time and again we YAP gets the same question like your concern. In fact all over YAP I have found over 30 expressed negative sentiments with Stargate. What is a fact is that they deliver late. I myself have experienced this although it did come with only a 1 or 2 display bottles broken. It took approx. 60 days to reach me. That also after I pester the Manila office and the Tacloban office.
There had been several questions saying that their packages has not been delivered for over 2 months. I suggest for you to have a little more patience, put a minimum of 60 days wait. If it doesn't come ask your Mom to call the head office and also ask for the number of the local partner in Ilocos. Then let her pester them.
One of the YA user at UAE have even expressed his intention to sue them. His claim is that Stargate delivers okay when you do it for the first or second time. The next time, they'll screw you.
I wouldn't trust Stargate anymore. Next time, take a more reliable cargo. Forex for instance. They have a tracking service which makes it easier for you to track your cargoes. There are also several cargo companies worth your money.
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