Cryptonaire Weekly Magazine Edition 151

CRYPTONAIRE

WEEKLY CRYPTO investment journal

CONTENTS

WEEKLY CRYPTOCURRENCY MARKET ANALYSIS...............................................................................................................5 TOP 10 COINS........................................................................................................................................................................................6 Top 10 Coins by Total Market Capitalisation ...................................................................................................................6 Top 10 Coins by Percentage Gain (Past 7 Days) ...........................................................................................................6 Top 10 Coins added to Exchanges with the Highest Market Capitalisation (Past 30 Days) ..........................7 CRYPTO TRADE OPPORTUNITIES...............................................................................................................................................9 ADVERTISE WITH US........................................................................................................................................................................14 ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD ..................................................................................................15 Uniswap monthly volume exceeds Coinbase to hit $15.3 billion................................................................................15 ECB Says it Must be Prepared to Issue Digital Euro .......................................................................................................16 Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining Stocks.......................................18 Coinbase Now Allows Instant Withdrawals via Mastercard & Visa Debit Card.....................................................19 DeFi indexes crash despite strong fundamentals ............................................................................................................21 Atari Preparing to Begin Selling Ethereum-Based Crypto Asset in November....................................................22 U.K. politician doubles down on Bitcoin despite anti-crypto stance of BOE governor .....................................24 IBM Expands on Thailand’s Blockchain Solution for Government Bonds ..............................................................25 This country accepts more retail crypto transactions than anywhere else in Latin America...........................27 Pro-Crypto PAC Giving $50 in Bitcoin to the Campaign of Each Member of Congress....................................28 POST PANDEMIC STUDENTS EDUCATION, JOB PROSPECTS – HOW BLOCKCHAIN TECHNOLOGY & ATROMG8 CAN HELP?....29

HOW BUILDING CONTRACTORS CAN BENEFIT FROM THE PIF PLATFORM?.....................................................................35

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Editor’s Letter

The United States Commodity Futures Trading Commission framed charges against five entities and three individuals for allegedly operating an unregistered trading platform BitMEX. That was followed by news that U.S. President Donald Trump had tested positive for coronavirus. However, the crypto markets did not show any knee-jerk reaction, which suggests the investors are focused on the long-term fundamentals.

Bloomberg analyst Mike McGlone was not one to be left behind. In his latest crypto newsletter, McGlone points out that Bitcoin has a tendency to “add zeros to its price” and it went from $1,000 to $10,000 in four years, and if history repeats itself, then the largest cryptocurrency may reach $100,000 by 2025.

OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE POST PANDEMIC STUDENTS EDUCATION, JOB PROSPECTS – HOW BLOCKCHAIN TECHNOLOGY & ATROMG8 CAN HELP? & HOW BUILDING CONTRACTORS CAN BENEFIT FROM THE PIF PLATFORM? Bitcoin bounced off the uptrend line on October 2 and formed a long tail on the candlestick, which shows strong buying by the bulls near the line. The bulls will now try to push the price above the overhead resistance at $11,200.

If that happens, the BTC/USD pair could pick up momentum and rally to $12,486.61. Though there is a resistance at $12,086, we expect it to be crossed.

However, the bears are unlikely to give up easily. They will try to stall the up-move at the 50-day SMA and again at $11,200. If the pair turns down from either level, a drop to the uptrend line is possible.

The 20-day EMA is currently flat and the RSI is also near the midpoint, which suggests a balance between supply and demand. The price can move in either direction, hence, traders can remain on the sidelines until a decisive breakout happens.

Traders can wait for a breakout above $11,200 to sustain for a few hours before buying with a stop below the uptrend line.

Another possible trading opportunity might open up if the pair turns down from the current levels but rebounds off the uptrend line. Although this is an early entry, the trade has a good risk to reward ratio, hence, can be attempted.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Karnav Shah

Enjoy the issue!

Chief Editor

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CRYPTONAIRE WEEKLY After mentoring thousands of crypto traders around the globe, we have culminated all of the consistent and ongoing requirements of crypto-traders into one place.

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WEEKLY CRYPTOCURRENCY MARKET ANALYSIS Hello, crypto traders welcome to this week’s 151st edition of Cryptonaire Weekly. The overall Cryptocurrency Market Cap stands at $344 Billion. We have seen a $1 Billion decrease in the Market Cap since last week. Bitcoin price is currently around $10,780 from $10,730 last week and has increased by 0.47% and Ether price is now at $354 from $355 last week and has decreased by 0.28%. The current market cap for bitcoin is $199 Billion, and for Altcoins, the current market cap is $145 Billion.

The United States Commodity Futures Trading Commission framed charges against five entities and three individuals for allegedly operating an unregistered trading platform BitMEX. That was followed by news that U.S. President Donald Trump had tested positive for coronavirus. However, the crypto markets did not show any knee-jerk reaction, which suggests the investors are focused on the long-term fundamentals.

ARK Investment Management LLC is popular for projecting a $1 trillion valuation for Tesla much before anyone else, and the firm has a history of identifying disruptors and big ideas much in advance to others. In its report, the asset manager has projected a $1-5 trillion capitalization for Bitcoin in the next five to ten years and has said that “Bitcoin could be the most compelling monetary asset since gold.”

However, Blockstream CEO Adam Back was not impressed as he termed this projection as conservative.

Back said that Bitcoin could rally to “$1 trillion market cap within 2 years, probably sooner.” If this prediction plays out, each Bitcoin will be worth $50,000.

Bloomberg analyst Mike McGlone was not one to be left behind. In his latest crypto newsletter, McGlone points out that Bitcoin has a tendency to “add zeros to its price”

Percentage of Total Market Capitalization (Dominance)

Bitcoin

58.30%

Ethereum

11.70%

Tether

4.56%

XRP

3.41%

Binance Coin

1.21%

Bitcoin Cash

1.20%

Polkadot

1.03%

Chainlink

0.98%

Crypto.com

0.90%

Litecoin

0.89%

Others

15.83%

and it went from $1,000 to $10,000 in four years, and if history repeats itself, then the largest cryptocurrency may reach $100,000 by 2025.

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TOP 10 COINS Top 10 Coins by Total Market Capitalisation

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Top 10 Coins by Percentage Gain (Past 7 Days)

Top 10 Coins added to Exchanges with the Highest Market Capitalisation (Past 30 Days)

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CRYPTO TRADE OPPORTUNITIES BITCOIN - BTC/USD

Bitcoin bounced off the uptrend line on October 2 and formed a long tail on the candlestick, which shows strong buying by the bulls near the line. The bulls will now try to push the price above the overhead resistance at $11,200.

If that happens, the BTC/USD pair could pick up momentum and rally to $12,486.61. Though there is a resistance at $12,086, we expect it to be crossed.

However, the bears are unlikely to give up easily. They will try to stall the up-move at the 50-day SMA and again at $11,200. If the pair turns down from either level, a drop to the uptrend line is possible.

The 20-day EMA is currently flat and the RSI is also near the midpoint, which suggests a balance between supply and demand. The price can move in either direction, hence, traders can remain on the sidelines until a decisive breakout happens.

Traders can wait for a breakout above $11,200 to sustain for a few hours before buying with a stop below the uptrend line.

Another possible trading opportunity might open up if the pair turns down from the current levels but rebounds off the uptrend line. Although this is an early entry, the trade has a good risk to reward ratio, hence, can be attempted.

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ETHEREUM - ETH/USD

Ether broke above the 20-day EMA and the overhead resistance at $364.49 on October 1, but could not sustain the higher levels, which gave an opportunity to traders to book partial profits as suggested in the previous analysis.

The bears attempted to sink the price back to $310 but the recovery from the intraday lows on October 2 showed that the bulls continue to accumulate at lower levels.

If the bulls can push the price above the 20-day EMA and $364.49, a move to $400 will be on the cards. However, the bears are unlikely to give up easily. They will aggressively defend the zone between the 20-day EMA and the 50-day SMA. If the ETH/USD pair turns down from this zone, the bears will once again try to sink the price to $310.

A breakdown of this support will be a huge negative as that could start a downtrend.

We do not find a reliable buy setup at the current levels; hence, we are not suggesting a trade now.

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RIPPLE - XRP/USD

XRP turned down from the 20-day EMA but found support close to $0.23, which suggests that bulls are not waiting for a deeper correction to buy as they expect prices to move higher.

The failure of the bears to sustain the price below $0.23 resulted in a spike on October 4 that drove it above the 20-day EMA. That move was followed up by further buying and the bulls have now pushed the price above the downtrend line.

If the XRP/USD pair sustains above the downtrend line, it will suggest a change in trend. The 20-day EMA has started to turn up gradually and the RSI has risen into the positive territory, which suggests that the bulls have the upper hand.

Traders can wait for the price to close (UTC time) above the downtrend line before buying with a stop-loss at $0.2280. The target objective is $0.30492 and above it $0.32750.

Contrary to this assumption, if the pair turns down from the current levels and plummets below $0.228, a retest of $0.22 will be on the cards.

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BINANCE COIN - BNB/USD

Binance Coin broke above $28.77 resistance on September 30 but the bulls could not sustain the higher levels. That dragged the price down to the 20-day EMA on October 1 and 2 and that gave an opportunity to traders to buy as recommended in the previous analysis.

Currently, the bulls are again trying to push the price above the $28.77-$29.55011 resistance zone.

If they succeed, the BNB/USD pair could rally to $33.33333.

Both moving averages are sloping up and the RSI is in the positive territory, which suggests that the bulls have the upper hand.

This bullish view will be invalidated if the pair again turns down from the current levels and breaks below the 50-day SMA. Such a move could result in a deeper fall to $22.

Traders can keep the stop-loss on the open trade at $25.80, which can be trailed higher after the bulls push the price above $29.55011.

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BITCOIN CASH - BCH/USD

The bulls could not push and sustain Bitcoin Cash above the 20-day EMA on October 1, which shows that the bears are aggressively defending this resistance. However, the positive thing is that the bulls purchased the dip on October 2.

Currently, the bulls are again trying to drive the price above the downtrend line and the stiff overhead resistance at $240. If they succeed, the BCH/USD pair is likely to pick up momentum.

There is no significant resistance between $240 and $280, hence, we expect the pair to cover this journey quickly. Traders who are long from lower levels can trail their stops closely when the pair nears $280.

Contrary to this assumption, if the pair turns down from the current levels, the bears will once again try to break the $200 support. The downsloping moving averages and the RSI in the negative territory suggest that bears still have the upper hand. Hence, the initial stop-loss can be maintained at $190.

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ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD Uniswap monthly volume exceeds Coinbase to hit $15.3 billion

The month of September has been a landmark period in the DeFi industry with the groundbreaking sector, causing excitement among the decentralization lovers. During September, the top DeFi protocol, Uniswap, processed assets worth $15.3 billion, exceeding the monthly volume of major crypto exchange, Coinbase.

According to data shared by Dune Analytics, major U.S.-based cryptocurrency exchange firm, Coinbase, processed assets worth $13.6 billion over the same period. There are two key factors responsible for the rapid surge in Uniswap’s monthly volume. In the first place, the swift rise of decentralized finance and the growing prominence of yield farming have led to dexs’ fast growth.

The advent of decentralized finance In the second place, Uniswap’s growth was contributed by the deployment of its governance token, UNI, which created excitement, inducing delight on the platform. The month of June ushered in the DeFi craze with the launch of Compound’s governance tokens, COMP, initiating the prodigy. The procedure of obtaining governance tokens on decentralized exchanges is relatively straightforward; users stake other digital currencies such as ethereum to farm the tokens.

Read more...

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ECB Says it Must be Prepared to Issue Digital Euro

The European Central Bank (ECB) said today that it must be prepared to issue a digital euro, in light of the way that digitisation is spreading to all areas of life.

Today’s announcement has been timed alongside the publication of a digital euro report, which set out the reasons to issue a digital euro, the potential effects this might have on the continent, as well as the legal consequences that a digital euro might cause. But one thing is for certain: the ECB wants to protect the euro from getting left behind.

“The euro belongs to Europeans and we are its guardian. We should be prepared to issue a digital euro, should the need arise,” said Christina Lagarde, president of the ECB. In today’s announcement, Fabio Panetta, member of the Executive Board of the ECB, addressed the rapid impact digitization is having on societies. “The way we pay is no exception. Our practices are changing - in some countries rapidly so,” said Panetta.

The ECB’s report offered an assessment of the economic, strategic, technological and social choices that factor into the creation of a digital euro. It will form the basis of a public consultation launching on October 12, 2020.

Other characteristics of the digital euro set out in the report include cyber resilience and digital efficiency. The report said, “Digital euro services will need to be highly resilient to cyber threats and capable of providing a high level of protection to the financial ecosystem from cyberattackers.” It added that the digital euro should “keep pace with state-of-the-art technology at all times in order to best address the needs of the market.”

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Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining Stocks

Three of the largest asset managers are diversifying their funds to hold blockchain stocks, throwing more establishment financial might behind bitcoin’s technology.

Charles Schwab has begun purchasing shares of Riot Blockchain, joining Fidelity and Vanguard – already investors in Riot, HIVE Blockchain Technologies, Hut 8 and BC Group – in allocating mutual fund holdings to a cryptocurrency company, according to financial filings with the U.S. Securities and Exchange Commission.

The stock purchases also double down on the mutual fund managers’ equity investments and experiments in the space. Schwab this summer invested in Alchemy, an Ethereum application platform, while Vanguard has been piloting Symbiont’s blockchain for foreign exchange transactions, and Fidelity has a digital assets arm – set to launch a trading service and a bitcoin index fund – and has backed Coin Metrics, Fireblocks and Everledger.

Filings for the first half of this year show Charles Schwab Investment Management, Inc. purchased 22,977 Riot shares for $52,000. Two Vanguard funds – the Vanguard Index Fund and Vanguard Valley Forge Index Fund – were invested in 954,229 Riot shares worth $2,118,000, and two Fidelity funds were separately invested in 176,242 Riot shares worth $230,115 (split between a NASDAQ index and three market indices) and 2,769,759 HIVE shares worth $1,003,163.

Riot Blockchain, based in the U.S., and HIVE Blockchain Technologies, based in Canada, provide services for mining bitcoin, a process where new cryptocurrency is minted.

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Coinbase Now Allows Instant WIthdrawals via Mastercard & Visa Debit Card

San Francisco-based Coinbase is now allowing instant cash withdrawal through Mastercard and Visa debit cards.

“Don’t wait days for your cash when you need it now,” it says.

In a move towards the defining characteristics of crypto, transacting instantly, and anywhere, anytime that is curbed by the traditional banking system, Coinbase is offering instant withdrawals in about 40 countries.

These instant withdrawals will cost US customers a 1.5% fee (minimum $0.55), while for the UK and European customers, it is up to 2%.

Coinbase product manager Eddie Lo shared that customers in the US, UK, and Europe can withdraw funds with a linked Visa debit card with US customers allowed through Mastercard as well.

“The ability to easily spend, send, and receive crypto is critical to growing the cryptoeconomy, so we’ll continue building even more ways for our customers to access and use their crypto on Coinbase,” said Lo. Using Visa to convert crypto balances into fiat means it can be spent at more than 60 million merchant locations while providing “faster, simpler and more connected experience” for Coinbase users, said Terry Angelos, SVP and global head of fintech, Visa.

Customers have the option to select between standard or instant withdrawal methods.

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DeFi indexes crash despite strong fundamentals

Binance Futures’ DeFi Composite Index has lost half of its value since launching, while TokenSets’ DeFi Pulse Index is down by one-third.

On August 28, Binance Futures launched its DeFi Composite Index, a basket of DeFi tokens that initially comprised 27% Chainlink (LINK) and 11% Aave (LEND) alongside nine other prominent DeFi tokens that made up between 6% and 9.5% of the index each. Updated weekly, the index now tracks 19 different crypto assets.

However the Binance Futures’ DeFi index has dropped more than 50% from an all-time high of $1,189 on its first day of trading, with the basket now changing hands for just $507.

Indexes tracking decentralized finance (DeFi) tokens have taken a beating over recent weeks following the popping of August’s DeFi bubble.

On September 15, TokenSets launched its ‘DeFi Pulse Index Set’ (DPI) — which is composed of tokens from the ten-largest decentralized finance protocols by total value locked (TVL), according to DeFi Pulse. The basket is rebalanced on the first day of every month, with each token’s sizing adjusted according to “its relative circulating market cap to other positions in the index.”

Despite the TVL of the DeFi sector continuing to push higher, the DPI has shed nearly one-third of its value since launching — dropping from $130 in mid-September to test support at $90.

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Atari Preparing to Begin Selling Ethereum-Based Crypto Asset in November

California-based gaming firm Atari has teamed up with Bitcoin.com Exchange ahead of the sale of its Ethereum-based crypto asset ATRI. Globally recognized as a pioneer in interactive entertainment, the company behind classic video games like Pac-Man, is now betting heavily on blockchain as it creates a cryptocurrency specialized in the video game industry. In a press release, the Atari Group announces that it has chosen Bitcoin. com Exchange to host the sale of its ERC20 token, ATRI, which is set to launch in November.

Initially, Atari plans to use the tokens in domains where it already has an established presence, including casino games, video games, and blockchain games. Atari Chain CEO Frédéric Chesnais says the company has big plans for the incoming crypto asset.

“Our goal is to keep adding use cases in the industry and sponsor the emergence of an ecosystem centered around the Atari token and the Atari brand, offering new types of decentralized services on the blockchain.”

While Atari highlights that its crypto asset seeks to power the video game space, the unique value proposition of ATRI is not yet clear.

The public sale will be initiated on Bitcoin.com Exchange in early November with the opening of a public portal where users can undergo Know Your Customer (KYC)/Anti-money laundering (AML) verification ahead of the token’s launch. During the sale, users can purchase the Atari token using mainstream cryptocurrencies like Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Atari plans to list ATRI on multiple platforms to allow greater liquidity.

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U.K. politician doubles down on Bitcoin despite anti-crypto stance of BOE governor

Despite Bitcoin trading far below its previous all-time high of $20,000, there are more prominent investors, celebrities, and politicians adopting the cryptocurrency than ever before.

This much was made clear when Godfrey Bloom, a U.K. politician that is also an economist of the Austrian school, announced this week that he has purchased Bitcoin, adding to his investments in precious metals.

Godfrey Bloom, a U.K. politician, embraces Bitcoin This past week, Godfrey Bloom, a British politician who served as a Member of the European Parliament for 10 years, announced his support for Bitcoin.

Bloom, responding to a comment from a cryptocurrency investor about the relevance of Bitcoin, said that he made his “first purchases of bitcoin this week.” He added a day later that after a “significant” response to his original tweet, he has decided to spend lots of time following the cryptocurrency.”

Bloom asserted that his goal in doing so is to share his experience with his “fellow oldies” to help them “diversify out of fiat currencies.”

Bloom’s growing taste for Bitcoin comes in spite of an anti-crypto stance espoused by the Bank of England governor.

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IBM Expands on Thailand’s Blockchain Solution for Government Bonds

On September 11, 2020, the Bank of Thailand (BOT) announced a blockchain-based platform for government savings bonds. Today, IBM, which offered the blockchain technology for the platform, announced that $1.6 billion in government savings bonds were successfully sold within a week of launch.

Issuing government savings bonds has historically been a complex and time-consuming process, involving multiple parties and high operational costs. With blockchain technology, investors benefit from faster bond issuance, more transparency and greater efficiency.

“Bank of Thailand’s success with the government savings bond project is the latest example of how blockchain technology can redefine the way businesses operate by simplifying complex processes resulting in fast, transparent, secured and efficient multiparty collaboration,” said Patama Chantaruck, vice president for Indochina Expansion and managing director of IBM Thailand.

Prior to the adoption of blockchain technology, IBM said the issuance process could last up to 15 days. Now, the blockchain solution has allowed the government savings bond platform to become “an immutable, real-time single source of truth for network participants, which minimises the redundant validation and reduces the costs of reconciliation,” IBM said in a press release.

In addition, the IBM press release listed decreased workloads for issuers, underwriters and registrars as an advantage born out of the new blockchain platform.

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This country accepts more retail crypto transactions than anywhere else in Latin America

Venezuela may have the most crypto volume, but this country bests all of Latin America when it comes to retail crypto transactions.

A recent study showed that Latin America represents 7% of the entire global cryptocurrency economy.

Out of that segment, Mexico has captured almost 11% of all retail crypto payments since July 2019.

El Economista cited research by Daniel Cartolin, a development representative from the blockchain analytics firm Chainalysis, which showed that the region has received $24 million in retail crypto transactions and sent $25 million to other continents over the past year.

The representative highlighted that remittances and trade are sectors with a major presence in retail crypto transactions within Latin America. The country’s strong ties with both North America and Asia make the flow of these retail transactions possible, the study says. It also noted that most of these transactions are performed using Bitcoin (BTC).

Cartolin also said that crypto is often used for remittances through out Mexico:

“Remittances in the traditional world are substantial between the United States and Mexico, and we are beginning to see areas where cryptocurrency is beginning to be adopted for remittances, because there are fewer fees when it comes to exchanging cryptocurrencies and the person does not have to go to sites like Western Union or Moneygram to do the operation, it can be done from a phone.”

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Pro-Crypto PAC Giving $50 in Bitcoin to the Campaign of Each Member of Congress

If your elected representative to the U.S. Congress has never heard of cryptocurrencies, how do you start telling him or her about it? Hoping to raise awareness, the blockchain advocacy group Chamber of Digital Commerce’s Political Action Committee (PAC) wants to start by contributing $50 worth of bitcoin to the campaign of those running for re-election.

Announced Monday, the advocacy group said under its new “Crypto for Congress” initiative members of the House of Representatives and the Senate running for re-election would receive campaign contributions in bitcoin.

According to the group’s founder, Perianne Boring, this is an attempt to raise awareness and give members of Congress a chance to interact with blockchain technology and digital assets. In addition to the contribution, the Chamber’s PAC will also provide online training and a toolkit to help the incumbents engage with cryptocurrencies.

“One of the biggest challenges we’ve always had is people just really don’t understand what the heck it is we’re talking about,” said Boring.

She added that letting Senate and House members interact with crypto assets through such an initiative could aid the group’s advocacy efforts for an industry that faces multiple public policy challenges such as taxation and regulatory jurisdiction.

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POST PANDEMIC STUDENTS EDUCATION, JOB PROSPECTS – HOW BLOCKCHAIN TECHNOLOGY & ATROMG8 CAN HELP?

Post-Pandemic with governments around the globe, shutting down colleges, schools, and business operations as part of the lockdown measure seems only too close again with 2nd wave talks and more localised lockdowns, to contain the coronavirus, nearly every sector has been severely impacted. Like every other field, the education segment was also affected due to the lockdown and during the post-pandemic period. With vaccines still far away and no immediate option available to contain the COVID-19 outbreak, universities, colleges, and schools will have to bear both short-term and long-term consequences.

There is no denying the fact that the coronavirus led pandemic has disrupted the education sector, which is one of the determinants of the global economic future. The concern, however, is that how will the novel coronavirus affect the rate of employment across the globe. In India, recent graduates are fearing that they will have to deal with the withdrawal of employment offers from companies, in the post-pandemic environment. A survey by ‘The Centre for Monitoring Indian Economy’ revealed that the unemployment rate spiked from 8.4% in the mid of March to 23% in April. The report also found that the unemployment rate in urban areas went higher to 30.9%.

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Thus, while many graduates had their work offer withdrawal, others had their deferred or delayed.

In other words, the pandemic has negatively impacted both the education sector, as well as employment rates in the country, leaving policymakers with little choice but to look for other ways to drive learning & education in the post-pandemic era.

POST-PANDEMIC HOW BLOCKCHAIN HELPS THE EDUCATION SECTOR? As far as blockchain is concerned, technology has immense capabilities to transform the education sector. There are several applications for blockchain-driven ledger technologies that can benefit the education segment post-pandemic. Below, find more details on the same.

1. Student records: When it comes to preparing academic transcripts, the entire task can be timeconsuming and labor-intensive. Before issuing the certified or the verified transcript, consisting of the grades a student has acquired, every entry needs to be manually verified to ensure complete accuracy. Apart from this, the certification of the course contents is another type of record required by the students. In the case of K-12 education, a student may need to verify the content of the course, which can be a cumbersome task for schools and universities as they need to stamp and sign every page before producing the transcript. However, if all this information gets stored on the blockchain, then in just a couple of clicks, one can acquire a verified and complete record of the course content as well as academic achievements.

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2. Certificates and Diplomas: Just like in the case of grades, the diplomas, as well as the credentials of a student, can also be issued as well as stored on the blockchain. Instead of requesting the university providing the diploma certificate to certify the paper copy, a link containing the digital diploma could be provided to the employers. This concept has already been tried and tested at MIT, which started issuing digital, blockchain-based Diplomas in 2017. It not only prevents students from submitting wrong or fake degrees to their employers but also simplifies the entire process. This also cuts ongoing costs fro employers to agents to try to validate claims of certification as it is well known many people CV’s may not be as accurate as they claim.

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3. Storage of Files: In case educational institutions are looking to store the digital curriculum, degrees, records, and other crucial information, that may take up a great deal of storage space.

Saving all these documents on the hard drives highlights the issue of the centralization of the files.

In case these hard drives get damaged or even compromised, it can cause a huge problem. While cloud storage solutions are an excellent option, not every institution can buy the entire storage space required. This is where blockchain-driven cloud storage solutions like Filecoin can come to their rescue.

4. Courses and Lessons: Blockchain is capable of offering smart contracts. This implies that the courses and lessons can be easily programmed within the blockchain system and automatically executed when a couple of conditions are duly met. For instance, a teacher may set up student tasks. With the completion of every task, it could get verified automatically using the smart contracts on the blockchain. Upon completing all the tasks, teachers can be paid in the form of crypto tokens, whereas students can be provided with credits.

5. Publishing: Graduate and undergraduate students, professors, teachers, and even researchers generate high-quality reading material consistently. However, they face difficulties when it comes to getting their work published. However, publishing on the blockchain can help emerging writers, students, researchers, and others to find a way forward. Blockchain can also help in matters related to rights management as well as safeguard against piracy.

6. Low-cost: Many labor-intensive and time-consuming processes can be easily automated using blockchain. Hence, this will result in reduced expenses for the institution, and in turn, translate into more savings for the students. This result is especially true for students who end up spending several years paying off their loans. Universities and schools can also minimize costs about storage space, as well as cut out the middlemen in several of their activities.

7. Rewards: All the nodes on the computer, used for verifying the information on the blockchain, get rewarded through digital or crypto tokens, such as ether or bitcoin. This process is also known as crypto mining. People who make use of computers for verifying education-based blockchain will also get tokens as their reward. These digital tokens can later be used for trading on exchanges like Kraken in exchange for other cryptocurrencies or even fiat currencies. Alternatively, one can also use the digital tokens for paying for the goods & services taken from educational institutions, which means the universities and schools can accept digital tokens in the form of payments in bookstores, cafeterias, and tuition, etc.

Given the many benefits of blockchain within the education sector, there is no arguing the fact that educational institutions can rely on a blockchain system, in the post-pandemic period, to implement record-keeping as well as for issuing credentials.

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HOW ATROMG8 HELPS EDUCATIONAL INSTITUTIONS? Given the current situation, and now that we are gradually entering into the post-pandemic era, it has become crucial for educational institutions to embrace the concept of decentralization. This is where Switzerland based- ATROMG8 comes into the picture.

Its absolutely crucial for pupils to have a safe and trusted environment, to be able to share time and work together on different tools like an online school system or a special digital workspace becomes almost a necessity to ensure students of all ages are able to continue their much-needed education whatever the academic level. Also in regards to the millions of people who are teaching there Kids at home due to the pandemic, Atrom8 ecosystem would enable the connection to the blockchain for official tests and thus achieving a secure and official accreditation without the social risk or possible impact that could have on personal health and wellbeing.

ATROMG8 is a multi-blockchain system powered by MixNet 5.0 Superstructure. It is a highly secure and fast ecosystem that supports coworking, conversations, PSP transactions, Diploma on Blockchain, data exchange as well as social media. ATROMG8 ensures complete privacy and security to its users by offering end-to-end communication protection. ATROMG8 has taken advantage of the blockchain technology for developing a highly decentralized ledger system that networks can easily access or use to build their digital tokens, as well as connect with other projects within the ecosystem.

ATROMG8 has designed a unique blockchain-enabled IDSP-based application to balance the educational system for people in all parts of the world, irrespective of race, gender, origin, financial resources, and religion.

The IDSP (International Digital Students Pass) application offers an innovative digital ecosystem, designed to support all the participants in the ecosystem. It simplifies the procedures that form a part of their academic structures. This entails a list of services such as distribution and confirmation of certificates as well as assorted forms, provision for financial support, and accommodation for students who seek the same. Based on the concept of decentralization, the product ensures selfsufficiency through trusted data management and security, via the IDSP digital platform. Thus, IDSP has managed to create space for thousands of students as well as other individuals engaged within the educational systems across the globe. It does this by providing them with a secure harbor for dispersing their everyday needs related to digital transformation.

With the introduction of IDSP, ATROMG8 plans to promote innovation and leadership via education, community, research, as well as technology services with governments around the globe, shutting down colleges, schools, and business operations as part of the lockdown measure, and to contain the coronavirus, nearly every sector has been severely impacted. Like every other field, the education segment was also affected due to the lockdown and during the post-pandemic period. With vaccines still far away and no immediate option available to contain the COVID-19 outbreak, universities, colleges, and schools will have to bear both short-term and long-term consequences.

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At present, this application is helping European and Italian students, as well as faculty members in fulfilling their educational and professional goals. ATROMG8 is hoping that its IDSP application will positively impact the countries and the institutions by offering support for their training as well as other procedures required for meeting the global standards. This project will get implemented in three different phases. In the first phase, ATROMG8 has already signed up (in Jan 2020) with several Italian research companies, and the trial will begin at the Institute of Polytechnic of Applied Arts and the company, PoliArte of Ancona to build as well as test the capabilities of the IDSP ecosystem.

ATROMG8 will also support the university with their online blockchain certification. In addtional to this AtromG8 is also in preperation for programs in India and Brazil will further updates expected in the coming months on these developments.

As already mentioned above, IDSP is designed on the 5.0 MixNet Superstructure, which is a subset of the Accubits Technologies, a leading company in the area of AI and Blockchain. Apart from this, many discussions are also being carried out with other European Union nations, Brazil, India as well as other LATAM States.

Once the clearance is in place, the teams will begin enrolling IDSP at different Italian universities, and other participating countries in Europe. In its 2nd phase, these institutions, as well as ATROMG8, will together create an ecosystem for disseminating specific digital token for every university that meets their faculty requirements in exchange for information as well as digital data in a highly secure and effective manner.

ATROMG8 CRYPTO NEWS Insurance policies are relatively new phenomena in the digital asset markets. It was only recently that some exchanges have started to provide fund insurance to add an additional layer of security for their customers’ holdings. But what about insurance in the booming DeFi market? We will be releasing a further article on exactly how this will impact the student area as well as the how the Atromg8 eccosysem will be able to provide this layer of protection for Students and beyond.

CONCLUSION ATROMG8 has adopted a systematic approach as well as the course of action towards designing an educational system, which is both flexible and resourceful, in the student and faculty’s interest.

The project, featuring some of the best ideas, will ensure the development of an efficient and secure education ecosystem in the post-pandemic era.

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HOW BUILDING CONTRACTORS CAN BENEFIT FROM THE PIF PLATFORM?

In this article, discover how the PIF platform is beneficial for building contractors. The existing property market has become highly risky, even as it is dealing with poor quality of listings, improper management, and transparency issues. However, PIF (Property Info File) intends to change the scenario for landlords, tenants, property managers, and even the building contractors.

BUILDING CONTRACTORS – EVERYTHING YOU NEED TO KNOW ABOUT THE PIF PLATFORM As far as the PIF or the Property Info File platform (is concerned, it is based on the hybrid blockchain that plans to transform, improve as well as streamline the entire process of property management permanently. Through the incorporation of blockchain into the platform, as well as the processes, PIF aims to establish a unique ecosystem which is quick and accurate, eventually making the homes, lives as well as the work environment of the landlords, tenants, as well as property managers much transparent, easy and simple. It plans to help all end users so that they can choose better, using their money and time (https://www.platinumcryptoacademy.com/crypto-trading-education/uk-housingcrisis-affecting-landlords-in-2020-the-pif-solution/). Thus, the hybrid blockchain system of PIF will not only revolutionize the manner in which the property managers, landlords, and building contractors manage their workflow but also help them to improve their functioning and systems. With the PIF platform, reporting any deformities, flaws, fixes, and support issues to the property administrator or proprietor, are simple and hassle-free. It also empowers proprietors or property supervisors to advance any work-related request using agreements to the PIF’s checked, screened as well as confirmed dealers (situated close to the building/property), and fix the problem.

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BACKGROUND With the growth & advancement in technology, every real estate agent is left with little choice but to shift to the web or the internet. While the leading real estate listings service providers offer a host of services, such as housing searches, property database, 3D home tour, VR tour, information related to purchase and tax history, etc, they still require verification as well as conformation via traditional processes, to ensure that every detail about the listed property is accurate. Usually, this verification process is carried out offline, but with the PIF platform, all this can be managed online. The Property Info File platform helps to manage the rented property, as well as retains and also updates a track and a trace of all the essential items, and services among other things. Put simply, the PIF platform offers an interactive and unique ecosystem to meet your property management needs.

BLOCKCHAIN AND PIF As far as Property Info File is concerned, the company believes that the blockchain system, when put together with the concept of smart contractors, is the key to resolving the long-term issues of the property rental industry. Given that blockchain is inherently a highly trusted system, it is ideal for the real estate industry, where transparency is a key issue, especially because people invest a huge amount of funds in their properties. One of the major benefits of blockchain technology is the distributed ledger system, which is capable of accommodating several records over a while. This keeps it tamperproof and also ensures that these records are easy to verify while maintaining user anonymity. The blockchain technology offers a system for securing as well as transferring funds, and supporting the highly complicated multi-party agreements, which are the driving force behind these fund transfers, and are done through smart contracts. Given that all the data remains intact in a distributed immutable data store implies that the users don’t have to worry about their data being tampered with, whereas the payment flows could be Rent Payments, Application Process, Rewards, Global Expansion, Convenience, Security, Rental, Agreements, Utility bills, Review & Rating service provider, secure management of identity, thus improving the entire rental experience.

HOW PIF WILL HELP BUILDING CONTRACTORS? When it comes to the Property Info File Blockchain platform, it has the power to revolutionize the entire real estate industry, beginning with how one gets paid for offering property maintenance services. The rental segment offers a regular and excellent source of earning for building contractors, as they get to offer both small and regular maintenance work, and large as well as more profitable work. While the private rental segment does offer this opportunity to some extent, it is usually shortlived. Typically, the lettings company will use your services consistently for a few years, give you an ample amount of work, and keep you busier than what may have been. As a result, you may assume that you are on the winning side, but over time and gradually your invoice payments will get delayed, i.e. from a period of 30 days, it may stretch to 60 or even 90 days.

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This means that you will be spending much of your time listening to excuses like the tenants haven’t been paying on time, or are paying late or that the landlord went overseas, and is difficult to connect to, and a host of other excuses.

So, instead of getting paid on time, your pricing gets pushed down further, whereas the administration fee that these companies take for offering you the job keeps increasing. On the other hand, the credit that you extend to them keeps getting larger with every passing day, and they eventually drop you while still having to pay your money. As a result, your chances of recovering that amount, even when you approach a court is from less to none because what they did not tell you from the beginning is that the contract was not with their company but the landlord. Thus, as an intermediary and a 3rd party, they are not liable to pay you any amount that the landlord had to pay. Besides, they will also not hand over any of the personal information about the landlord to you so that you could chase them for your money, owing to the data prevention rules & regulations that stop them from sharing any such information. This means the only option left with you would be to drag the agent through expensive and lengthy court action for disclosing the details, and by that time you will already have ruined yourself financially. This will eventually leave you with no other option but to completely write off and vow not to work with the lettings company or even the landlords again. This is a common occurrence in the real estate space, and there’s nothing that one can do to avoid it. During this entire process, these properties are required to be duly maintained as per the law, and the people who suffer are the tradesmen and the tenant. Even though this sector offers a high potential for earning, these corrupt practices have earned a bad reputation for the entire property lettings segment, Cryptonaire Weekly | October 6th 2020

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especially in the eyes of the building contractors, and they continue to struggle to find good tradesmen. This is where the PIF platform can work wonders for the building contractors. For minor jobs like changing the tap, toilet unblocking, fuse board checking, etc., 1-2 hour call out work payments shall be taken in advance and upfront and kept in the PIF independent escrow account. This implies that once the job is done, and building contractors provide photographic evidence of the work and also sign off the job after the landlord’s satisfaction, the payment shall be instantly made into the account of the building contractor. In case of any dispute or if something does not go as planned, an independent dispute and arbitration service will be provided. Thus work is provided through the Property Info File app as per the postal code as well as proximity, which means building contractors can reduce their time required to travel down and work closer to their homes. Besides, appointments with tenants are arranged at the click of a simple button, and all the invoicing as well as quoting is carried out quickly and easily through the app. Also, all the completed photographic and signed off evidence is carried out smoothly and quickly, whereas all the purchasing of materials can also be done through the PIF app at a special discount. Most importantly, all your invoices will get paid within 24 hours through the app. PIF can also take care of the company accounts of the building contractors, and ensure that they are best positioned for customer service, tax returns, advertising, sales, etc. To sum up, all this can be done in a 100% secure and safe manner through the PIF platform and blockchain system.

CONCLUSION To sum up, it won’t be incorrect to say that the PIF app and platform (http://www.propertyinfofile. com/) is ideal for resolving the many problems being faced by building contractors today. The PIF system has been innovatively designed to ensure uninterrupted and effective communication among the parties who are involved in the property leasing and rental ecosystem. Besides, the landlords and the tenants will have direct access to qualified and reputed building contractors, as well as tradesmen. Put simply, the PIF platform will ensure complete transparency, compliance as well as traceability, thus ensuring that all the parties involved in the ecosystem get an honest and fair deal.

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Trading Insider | 5th October 2020

Editor’s Letter Nirav Shah has been a professional trader since 2001. His keen interest in the financial markets was passed down from his father who worked for one of London’s most prestigious stock brokers.

He comes from a family of traders that have worked for institutions such as ICAP, Bank of America and Citibank.

In 2008 Nirav started developing his algorithm after an in-depth study alongside 3 other Institutional Traders and for 2 years he spent well over £500,000 in his research and development to create an algorithm that would actually study 18 indicators and combine them with an institutional orders flow. Nirav Shah is the creator of The Platinum Trading Methodology, a proprietary trading and analysis method.

Nirav has been a commentator on CNBC about the financial markets, and has written many trading articles for some of the world’s best-known financial publications.

Nirav’s trading philosophy is one of low risk, high probability trading, a style that is very patient and disciplined but brings great rewards. He is now willing to share his vast experience with anybody who is open minded enough to learn how to trade professionally.

Good Morning Platinum Traders, Last week was a fairly frustrating one with the markets being fairly contained and range bound without our important trading zones coming into play. The one exception being gbp/usd which unfortunately stopped out last Monday. There is a lot of Brexit rhetoric on the table at present and will continue until a deal is signed off one way or the other. The frustrating aspect of this is snippets of news can come out randomly and therefore stop us out at any moment. If you are trading this pair or any Stirling pairs in general, please do so at stronger levels on your charts whilst reducing your normal trade sizes.

There is a plethora of tier one red flag news events to be mindful of this week.

We have the RBA rate statement and budget, bankers Lagarde, Bailey, Powell and Macklem all speaking respectively as well as Wednesdays FOMC to navigate through.

Nirav Shah Chief Editor

Many thanks, Platinum team.

Trading Insider | 5th October 2020

Contents THIS WEEK IN THE FOREX MARKETS........................................................................................................................................4 Dollar holds tight ranges as investors await news on Trump’s health........................................................................4 British Pound at Risk on EU-UK Brexit Fissure, Trump Fights Covid ...........................................................................5 Canadian dollar seen higher if commodity prices rebound: Reuters poll ................................................................6 AUD/USD May Retreat if Trump Covid-19 Infection Roils Markets ...............................................................................7 Private Sector PMIs Put the EUR and USD in Focus, with Trump in the Spotlight .................................................8 KEY ANALYSIS OF MAJOR PAIRS.................................................................................................................................................10 EUR/USD..................................................................................................................................................................................................10 GBP/USD .................................................................................................................................................................................................11 TOP TRADING EVENTS.....................................................................................................................................................................12 COT DATA ..............................................................................................................................................................................................13 LEARN TO TRADE FOREX WITH A DEMO ACCOUNT - FIRST STEPS........................................................................17 GET TO KNOW THE TOP FINANCIAL MARKETS FOR TRADING IN 2020 ..............................................................21

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Trading Insider | 5th October 2020

THIS WEEK IN THE FOREX MARKETS

THIS WEEK IN THE FOREX MARKETS Dollar holds tight ranges as investors await news on Trump’s health

TOKYO (Reuters) - The dollar clung to familiar ranges on Monday as financial markets awaited news on the health of U.S. President Donald Trump, who last week tested positive for the coronavirus, sending investors into safe-haven assets.

Risk-sensitive markets such as stocks rallied in early Asian trade after Trump made a surprise appearance outside his hospital with an impromptu motorcade.

But with Trump’s medical status still unclear, the dollar index remained little changed against a basket of six major currencies, last sitting at 93.738.

“With not a lot of major economic indicators released this week, the focus all comes down to Trump’s illness,” said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank.

“There is a welter of information about the severity of his condition, and that is making it difficult for market participants to make a move,” Uno said.

Trump was flown to hospital for treatment for the coronavirus on Friday, just weeks before the Nov. 3 election, adding another layer of uncertainty and market volatility.

The president’s medical team on Sunday said his condition was improving and that he could be discharged from hospital as soon as Monday.

Read more...

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THIS WEEK IN THE FOREX MARKETS

Trading Insider | 5th October 2020

British Pound at Risk on EU-UK Brexit Fissure, Trump Fights Covid

BREXIT PAIN TO INTENSIFY The British Pound may be in for a rough week as EU and UK negotiators buckle down for intensified talks as the December 31 expiration date of the transition period nears.

As I’ve written about in July, the dispute over economically-strategic and politically-sensitive fishing grounds continues to be a major wedge widening the rift between Brussels and London.

UK policymakers warned that the gap on fisheries with their European counterparts risks being “impossible to bridge”. EU chief negotiator Michel Barnier later pointed out that “persistent and series divergences” are characterizing Brexit talks. With so much still to resolve, UK Prime Minister Boris Johnson and President of the European Commission Ursula con der Leyen agreed to extend the talks by a month.

Despite growing risks of a no-deal Brexit, the Prime Minister said that the country can “prosper mightily under those circumstances” despite growing risks of supply chain disruptions. Last week, the government warned that a lack of preparation in the case of a no-deal scenario could result in “100km” lines of trucks. Under the strain of the coronavirus pandemic, this would only amplify the economic costs.

Talks are set to resume this week in London and will then continue next week in Brussels. The EU has stressed the need for a resolution either by the end of October or early November, so enough time is left for the bloc to ratify an agreement. Until then, the British Pound may become increasingly more sensitive to Brexit developments as the clock ticks.

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THIS WEEK IN THE FOREX MARKETS

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Trading Insider | 5th October 2020

Canadian dollar seen higher if commodity prices rebound: Reuters poll

TORONTO (Reuters) - The Canadian dollar is set to gain more than 2% against its U.S. counterpart in a year as an expected recovery in the global economy from the coronavirus crisis improves the outlook for commodity prices, a Reuters poll showed.

The loonie is expected to strengthen 0.6% to 1.32 per U.S. dollar, or 75.76 U.S. cents, in three months from about 1.3280 on Thursday, the poll of more than 40 currency strategists showed.

It is then expected to climb to 1.30 in one year, matching last month’s forecast.

“We expect oil and other commodity prices to rebound, particularly in the second half of 2021,” said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets in New York. “That should pull CAD higher as well.”

Oil (CLc1), one of Canada’s major exports, has slumped about 37% since the start of the year to less than $39 a barrel as global economic activity collapsed due to the coronavirus pandemic and lockdown measures. But a separate Reuters poll this week predicts very little upside for the price of crude in the near term.

Next year could be a different story. The Organization for Economic Cooperation and Development projected this month that the world economy would expand by 5% in 2021 after an expected 4.5% contraction this year.

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THIS WEEK IN THE FOREX MARKETS

Trading Insider | 5th October 2020

AUD/USD May Retreat if Trump Covid-19 Infection Roils Markets

30 DAYS UNTIL THE US PRESIDENTIAL ELECTION The election is now officially a month away, and political volatility has only been amplified. Following the first presidential debate, former Vice President Joe Biden’s popularity skyrocketed while President Donald Trump’s plunged. RealClearPolitics betting averages now show a 23.5-point spread, the widest in two months between the two candidates.

2020 US Election Betting Averages Furthermore, Trump’s recent infection with Covid-19 has also contributed to Mr. Biden’s soaring popularity. The President frequently dismissed the severity of the virus and even attempted to chastise the Democratic nominee for wearing a mask at his rallies. A few days later, Mr. Trump announced that he was diagnosed with the virus and was later admitted to the Walter Reed National Military Medical Center.

While he is not incapacitated, his admittance to the hospital could undermine market confidence by virtue of the uncertainty of the situation. The Australian Dollar may retreat while the US Dollar may rise if market mood shifts to favoring liquidity over returns. On the other hand, Trump’s illness may boost Biden in the polls, which markets might welcome if they reckon that his policy approach might bring comparatively less-uncertainty.

Read more...

THIS WEEK IN THE FOREX MARKETS

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Trading Insider | 5th October 2020

Private Sector PMIs Put the EUR and USD in Focus, with Trump in the Spotlight

Earlier in the Day: It’s was a relatively quiet start to the day on the economic calendar this morning. The Aussie Dollar and the Japanese Yen were in action this morning.

For the Japanese Yen September’s finalized Services PMI came in at 46.9, which was up from a prelim 45.6.

In August, the PMI had fallen from 45.4 to 45.0.

According to the September survey, There were slower declines in activity and new orders. Export orders remained especially subdued, however.

A continued decline in new business led to a further fall in staffing numbers.

Outstanding new business also continued to decline.

Business sentiment improved. In spite of another downward trend in new business and output, business sentiment turned positive in September.

The Japanese Yen moved from ¥105.538 to ¥105.555 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.28% ¥105.58 against the U.S Dollar.

Read more...

Trading Insider | 5th October 2020

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Trading Insider | 5th October 2020

KEY ANALYSIS OF MAJOR PAIRS EUR/USD EUR/USD – Weekly Closing Price: 1.1716

EUR/USD

Low inflation continues to be a headache for eurozone policymakers, as September data headed downwards. Germany’s CPI dropped by 0.2% in September, its third consecutive decline.

Eurozone inflation fell to -0.3%, its lowest level in over four years, from -0.2% a month earlier. The core reading dropped to 0.4%, down from 0.2%. This raises pressure on the ECB to add further stimulus.

German Retail Sales climbed 3.1% in August, blowing the forecast of 0.4% out of the water. This follows two straight declines. On the manufacturing front, German and eurozone Manufacturing PMIs continued to point to expansion in September, with readings of 56.4 and 53.7, respectively.

Spain’s unemployment rolls fell by 26.3 thousand, surprising analysts, who had projected a gain of 59.5 thousand. In the US, the Conference Board Consumer Confidence jumped to 101.8 in September, up from 86.3. This easily beat the forecast of 90.0 points. Third-estimate GDP for the second quarter was upwardly revised to -31.4%, up from -31.7%. On the manufacturing front, the ISM Manufacturing PMI remained well in expansionary territory, with a reading of 55.4 points, down slightly from 56.0. The neutral 50-mark separates contraction from expansion. Job growth slowed sharply in September, as Nonfarm Payrolls fell to 661 thousand, down from 1.37 million beforehand.

This was much weaker than the estimate of 900 thousand. Wage growth dropped from 0.4% to 0.1%, missing the forecast of 0.5%. Manufacturing continues to expand, as second-estimate Manufacturing PMI came in at 54.1, down slightly from the initial estimate of 54.3 points.

EUR/USD Longer Term view The Euro’s Uptrend (from its March low of 1.0640) has corrected (albeit less than anticipated) to allow another rally onto new recovery highs for the year over coming weeks.

EUR/USD DAILY UPDATE In the short term, support lies at 1.1690/1.1660, with (sustained) break above 1.1745/1770 resistance heralding rally toward 1.1850/1865; then 1.1900/1915.

However, any loss of 1.1650/1.1615 would reassert the Euro’s broader Corrective decline (from last month’s 1.2010 peak) for sell-off to the mid 1.1400’s.

Trading Insider | 5th October 2020

GBP/USD

GBP/USD

GBP/USD – Weekly Closing Price: 1.2932 UK credit levels for individuals dropped to GBP 3.4 billion in August, down from GBP 3.9 billion. The UK’s current account deficit narrowed to just GBP 2.8 billion in Q2, down sharply from the Q1 reading of GBP 21.1 billion. This marked the smallest deficit since 2010. GDP for the second quarter was upwardly revised to -19.8%, up from -20.4%. In the US, the Conference Board Consumer Confidence jumped to 101.8 in September, up from 86.3. This easily beat the forecast of 90.0 points. Third-estimate GDP for the second quarter was upwardly revised to 31.4%, up from 31.7%. On the manufacturing front, the ISM Manufacturing PMI remained well in expansionary territory, with a reading of 55.4 points, down slightly from 56.0. The neutral 50-mark separates contraction from expansion. Job growth slowed sharply in September, as Nonfarm Payrolls fell to 661 thousand, down from 1.37 million beforehand. This was much weaker than the estimate of 900 thousand. Wage growth dropped from 0.4% to 0.1%, missing the forecast of 0.5%. Manufacturing continues to expand, as the second estimate for Manufacturing PMI came in at 54.1, down slightly from the initial estimate of 54.3 points.

GBP/USD Longer Term view Sterling still displays a developing multi-year Falling Wedge pattern, enabling a major advance to eventually occur, upon completion.

GBP/USD DAILY UPDATE Sustained break above 1.2980 Neckline resistance completes this Bottoming pattern, enabling rally toward the 1.3300 level over coming days. In the short term, support now lies at 1.2890/1.2860

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Trading Insider | 5th October 2020

TOP TRADING EVENTS

TOP TRADING EVENTS

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Trading Insider | 5th October 2020

COT DATA

COT DATA

AUSTRALIAN DOLLAR COT REPORT

BRITISH POUND COT REPORT

CANADIAN DOLLAR COT REPORT

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Trading Insider | 5th October 2020

COT DATA

COT DATA

EURO COT REPORT

JAPANESE YEN COT REPORT

NEW ZEALAND DOLLAR COT REPORT

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Trading Insider | 5th October 2020

COT DATA

COT DATA

SWISS FRANC COT REPORT

US DOLLAR INDEX COT REPORT

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Trading Insider | 5th October 2020

Trading Insider | 5th October 2020

FOREX TRADING ARTICLE

FOREX TRADING ARTICLE LEARN TO TRADE FOREX WITH A DEMO ACCOUNT - FIRST STEPS

In today’s article, we will be discussing the benefits of having a demonstration (Demo) Account. We will be covering why you should download a demo account, how to go about doing it and setting one up.

We will also briefly touch on the psychological aspects of using a demo account and how it can help you to be prepared for the live market, and approach it with the right mentality, rather than losing your way and abandoning your strategies.

FIRSTLY, WHY NEW TRADERS SHOULD SET UP A TRIAL ACCOUNT There’s one thing you need to remember, the foreign exchange market is the biggest in the world with a daily volume of over $5 trillion. Trying to trade this market without any practise is asking to throw your money down the drain.

Having a demo account will enable you to get used to certain platforms as well as test out your skills without being punished by the market. It doesn’t take long and within a few minutes, you will have your forex demo account set up.

Most Forex Brokers have forex demo accounts, and you can select the size of the trading account that you wish to simulate. Forex demo accounts are not only for new traders, but they can be used for a lot of different reasons such as testing trading strategies and methodologies.

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Trading Insider | 5th October 2020

FOREX TRADING ARTICLE

Trading tip of the day: If you are a new trader or an aspiring forex trader, when you open a forex demo account you should be aware of the following: A) Select a trading account of a similar value of funds that you will be trading on B) Treat the forex demo account the same as you would trade your live account C) Review your trading strategies and risk management on a weekly basis to find out your trading limitations.

A point I would like to mention is that when I sat with our CEO and reviewed his initial trading years, he revealed that he traded on a forex demo account in his early days for a whole year till he could prove that he was able to manage his risk and perfect his forex trading strategies. The lesson to be learned from opening a forex demo account is patience, and we shall discuss the other significant benefits ahead in this article.

WHAT IS A FOREX DEMO ACCOUNT? A forex demo account will enable you to trade the markets as a simulation without having to put any of your own capital at risk. It’s completely free and will allow you to use the broker and forex platforms before investing in them.

Watch this video: Learn to trade forex - free forex demo account (05mins 33secs)

THE BENEFITS OF A DEMO ACCOUNT Any experienced trader will tell you to try a demo account first before diving into the market. Having a demo trading platform will allow you to be able to train yourself in trading by practising. As the saying goes practise makes perfect. At Platinum, we would always recommend using a demo whilst training with us on our trading program, this is to ensure you are not making mistakes with your hard-earned cash.

FOREX TRADING ARTICLE

Trading Insider | 5th October 2020

Familiarising yourself with a trading platform is key to being consistent, as having the platform be second nature for you to use will be necessary. You can practise with the different tools and orders before having to use them for real.

The Types of Platforms you can use: Meta Trader 4 Meta Trader 5 Also, interactive brokers will allow you to trade on demos using their online-based platforms too.

DEALING WITH PSYCHOLOGY The majority of beginner traders have no idea how large role emotions play when you are trading, and this is why many fail. Using a demo brings you back down to earth as you learn you won’t win every trade and you will make losses too. You will better be able to deal with losses once you’ve spent time honing your skills and emotions on a demo before trading live.

DEVELOPING STRATEGIES The main reason people use demos is to develop different strategies in their trading portfolio, trying a new strategy on the live market is a big risk, if you make a mistake, real money is on the line. Being able to test them is key, and every trader should take note of this no matter how experienced they are.

FINDING A ROUTINE AROUND YOUR LIFESTYLE Most retail traders have full-time jobs and finding time for trading can be tricky, this ties into testing strategies but is still important. Having a demo, to begin with will enable you to find the best routine of charting and trading around your full-time job.

The forex market is a 24-hour market; therefore, you can test your skills out at all sorts of times of the day. Use a demo to find when works best for you.

THE BEST PRACTICE TO USE A FOREX DEMO ACCOUNT The biggest thing with a demo account is to trade it just like you would trade a live account. This means having the exact same amount to start with as you would with a live account, this is key. You should set up the trading plan the exact same way with no alterations. You want all the variables to be the same so when it comes to living, it’s a smooth transition.

Focus on which currency pairs you will be trading, the risk at which you will be trading them, the times of the day you will trade and what strategies you will be using.

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Trading Insider | 5th October 2020

FOREX TRADING ARTICLE

ENSURE YOU ARE KEEPING TRACK OF TRADES Having a trading journal will enable you to understand what strategies are working and what type of risk management will provide you with the results you are looking for. As mentioned it should be traded the same way as a live account, therefore if you return 5% on a demo this will give you a realistic return on a live account.

Always be honest with your results as this will help you transition in live trading easier rather than having false expectations.

The Top 5 Rules for Trading an Forex Demo Account: 1) When you are trading on a forex demo account try and use it as if it is your actual live account 2) When you open you first forex demo account try and familiarize yourself with all the key features 3) If you are new to trading remember that all brokers will help you in any queries or questions you may need answering and you are able to Trade Forex, CFDs on Shares & Indices risk free.

4) Most Demo Accounts will start with around $10,000 of virtual money for practicing & refining your trading strategy. Do not overleverage your account.

5) Try Multiple forex demo accounts before you got live as you have to be comfortable with your trading platform. Ig Markets lets you test drive their award-winning platform and you can trade stocks and forex for free.

CONCLUSION Having a demo trading platform is a no-brainer and every trader should have one as they start out in their journey, even as experienced traders we will use them when testing out new strategies. Trade the demo just like the live account and trust the process! Trading is a marathon, not a sprint!

Trading Insider | 5th October 2020

FOREX TRADING ARTICLE

FOREX TRADING ARTICLE GET TO KNOW THE TOP FINANCIAL MARKETS FOR TRADING IN 2020

As the new decade comes rolling in, it is important that you have your finger on the pulse of the top financial markets for trading. Expert investment strategy groups suggest that, for 2020, it’s going to be extremely advantageous to focus on stocks with high projected earnings growth.

There are a number of market-shaking events that shaped the past decade, and 2020 is set to become even more remarkable for the financial markets. This is due to the fact that there are currently so many impactful events across the Globe. These include things such as Brexit in the UK, which will also affect Europe and of course the US presidential election, both currently making waves in the financial markets.

Whether you are planning to venture into a new career, going full-time into trading, or are planning on something a little more passive, it is essential that you get to know the top financial markets for trading in the coming year. If you are an advanced trader or just a beginner trader and you are not quite sure where to start, don’t panic just yet!

We have crafted this quick crash-course to set you on the right path to trading. Here are our top Financial markets you should be trading in 2020.

The Current financial markets in 2020 In a nutshell, a financial market is a market in which buyers and sellers have the platform to trade foreign exchange, commodities, financial securities, among many other freely exchangeable items. The prices in the financial markets are determined by market forces, and this is where trading happens on both a national and global level.

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Trading Insider | 5th October 2020

It is the main job of traders to buy and sell securities in the market in order to gain potential profit, all while doing their best to minimise risk. The common trend among seasoned traders is that they focus on a single financial market, and it can be quite unlikely that traders tend to dabble in varying ones. Having a solid understanding of a particular financial market and staying up to date with the latest impactful news can be quite demanding, this is why traders tend to specialise. Especially traders who are just starting out or are looking for a passive return on their investment.

However, even if you decide to put all your attention in just one financial market, it’s still of great benefit if you have an overview of all the financial markets that are available for trading. This is because they all function in a sort of web that can impact one another. Awareness is key and knowing about and understanding all the markets will give you an extra advantage. Thus, we will then give you a bird’s eye view of all the most important financial markets out there, and what their global roles are.

How are financial markets different?

The most important term here is “market” because the financial market functions pretty much the same way. Markets are where goods and products are sold and bought, but the difference lies in what is being exchanged; In financial markets, you would see the act of buying, holding, and selling of financial securities, instruments, and products instead of food, clothing, or any other tangible product or service.

It is a common misconception among beginners that there is only one financial market but, the truth is that they have grown exponentially over the years! Here are some of the most common kind of financial markets: Derivatives markets Foreign Exchange market / FX Capital markets Commodity markets Cryptocurrency markets Money markets Insurance market Mortgage market

Trading Insider | 5th October 2020

FOREX TRADING ARTICLE

Watch this video: What are the market opportunities in the current environment? (15mins 05secs)

Why are financial markets so important?

Financial markets are incredibly essential to the economy because they offer these six functions: Efficiency Risk sharing Price determination Liquidity Information about the flow of funds Liquidity These financial markets are what keep the gears moving with regard to the flow and movement of funds within global markets and the overall economic system. They have had a consistent role all throughout history, with the dawn of technology introducing even more ways for international markets to become intertwined. Thus, these connections are what helped financial markets grow into what they are now.

Best Financial Markets for Trading in 2020 If you are still unsure of which financial market you should be delving in, then let us help you out with this guide. We have compiled the best financial markets to trade in for 2020! All you have to do is read on and find out which fits best for you, your lifestyle, and the budget that you have.

1. Stock Market The stock market is unarguably more prominent in certain countries, but it is certainly a pillar in the economy of most countries. The stock market is a type of financial market in which financing revolves around the buying, issuance, and selling of shares of stock.

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Trading Insider | 5th October 2020

FOREX TRADING ARTICLE

Within the last 100 years, the US has achieved market dominance, consolidated their exchanges, and a secular sector rotation has occurred. This graph from Yahoo Finance shows the contrast between the world’s stock markets in 1899, and 2016.

Stock Market: Best for Medium to long investments.

2. Forex Market The forex market has demonstrated an impressive growth from $5 billion in 1977 to over $5 trillion in 2017. Big numbers! This steady increase has been thanks to price volatility, advanced computers, more trading tools and access to information, and even the advancement of technology. Think about personal computers and how easy people now have access to these markets online. The barrier to entry is much smaller and the potential of becoming a forex trader is much more accessible. You can also join our Forex trading course to assist with your journey.

If you are seeking to trade in a market that is leaning towards short and medium-term trading times, then the forex market may be the one you are looking for. There are tons of classes, crash courses, and resources available online for you to kickstart your trading journey!

Forex Market: Best for shorter-term trading & new traders

3. Bond Market or the Real Estate Market In terms of bond markets, these are where financing is derived through the issuance, buying, and selling of bonds. It is considered a capital market since it can also give financing for long-term investments, but it is not limited to just that! It is possible to buy or invest in bonds that have maturities of less than a year. These are usually considered to be sold in money markets.

FOREX TRADING ARTICLE

Trading Insider | 5th October 2020

On the other hand, the real estate market is one where financing is provided through the buy and sell acts of properties. Out of all the examples we have on this list, the real estate market is a prime example of a capital market since the properties are held for multiple years, and are illiquid.

Bond Market: Best for long term investments.

4. Derivatives Market The derivatives market is a type of financial market for instruments such as underlying assets and financial derivatives. There are four types of participants in the derivatives market, namely: hedgers, margin traders, arbitrageurs, and speculators. There are also for main types of derivatives contracts, which are futures, forwards, swaps, and options.

Speculators take on the task of using instruments to hedge against risk or to take on that risk presented to make a potential profit.

Derivatives Market: More experienced traders.

5. Cryptocurrency Markets This is one of the newest types of financial markets, but it has certainly made an impact on traders all over the world. Bitcoins and other forms of Altcoins even took center stage in many news outlets in the past decade, due to the strong surge of price volatility that caused a surge attracting many newbie traders. Bitcoin, in fact, gained 8.9 million percent over the last decade, a staggering increase making it the best investment of the last ten years.

The path that cryptocurrency markets will take is still quite uncertain, and it is all up to 2020 and the coming years to determine just how it can shape financial markets in general. We advise that you should do your research before getting into cryptocurrency, as it is an extremely young and volatile market and presents a high risk, high reward approach to trading.

Cryptocurrency Market: High volatility best for big returns but much riskier.

There are many types of financial markets around, and it is all about finding the one that will fit your preferences and your budget. However, there is one thing that cannot be denied among all of them: financial markets play a lead role in the success and strength of an economy,

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Trading Insider | 5th October 2020

FOREX TRADING ARTICLE

Final tips for trading financial markets in 2020 Before jumping headfirst into investing in a certain financial market, be sure that you have a solid understanding of it and if it meets your criteria. While you cannot know for sure the next movements in the economy, it is important that you have an accurate view of the potential risks and rewards that are attached to every move you make.

After all, it is your money that you’re putting forth, so it is best that you make wise and well-calculated decisions.

For a short period, we are offering a free review and consultation to those looking to start trading in the financial markets. There are limited spots so sign up here now.

In short, there are a number of markets available, but not all are equal. Obviously, you have the major pairs and the minor pairs, the exotics, and the commodities, but this isn’t what we mean when we talk about the markets not being equal.

There are a few key markets within each of these collectives that stand above the rest, and identifying them can be difficult even for a seasoned trader.

At Platinum, we have traders who have worked for some of the largest trading institutions on the planet, who have first-hand knowledge of how top-tier trading conglomerates see each individual market, and how they will approach specific pairs or assets. When you enroll with our Academy, you will learn about each of these and much, much more. You will discover the real difference between the majority of retail traders sitting in their home offices, and the multi-million-dollar traders in their shining towers of glass and steel. Trade like a professional. Trade with Platinum.

Trading Insider | 5th October 2020

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