Cryptonaire Weekly Magazine Edition 147

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 ...............................................................15 Blockchain powered ‘Smart Brain’ to govern China’s new ‘Aerospace City’

Binance Jumps on the DeFi Bandwagon With Binance Launchpool........................................................................16 Microsoft Issues Alert to Crypto Investors After Discovering New Malware Targeting Windows Users .....18 Ransomware hackers shut down Argentina’s borders, demand $4M BTC ............................................................19 How Polkadot Surged From Nowhere Into the Top 10 Cryptocurrencies ...............................................................21 Bitcoin Banking App Mode Eyes £40M UK Listing...........................................................................................................22 Australian Senate Sees Blockchain Technology As The Future Of FinTech And RegTech..............................24 Quantum Cryptography Breakthrough Revealed As Team of Researchers Create Ultra Secure Network...25 Curve Fork Swerve Finance (SWRV) Locks in over $400 Million within a Day of Launch ...............................27 Just Eat Now Accepting Bitcoin Payments in France.....................................................................................................28 UK HOUSING CRISIS AFFECTING LANDLORDS – HOW PROPERTY INFO FILE CAN HELP?....................................................29 ROWAN ENERGY UPDATE – 2ND SEPTEMBER 2020......................................................................................................................36

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Editor’s Letter

The U.S. stock markets led by the technology companies, gold, crypto markets, and crude oil were all down last week, which suggests that the traders booked profits in all asset classes. The total crypto market capitalization dropped from over $394 billion on September 2 to about $313 billion on September 6, which is a 20% fall.

The sentiment is currently bearish, traders should not be in a hurry to buy. They should wait for the confirmation of a bottom before attempting to buy because it is difficult to predict which correction will start the next bear market

OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE IS UK HOUSING CRISIS AFFECTING LANDLORDS – HOW PROPERTY INFO FILE CAN HELP? & ROWAN ENERGY UPDATE – 2ND SEPTEMBER 2020 Bitcoin failed to break above the $12,134.29 resistance on September 1, which attracted profit booking from the shortterm traders.

However, the selling intensified when the bears broke below the $11,100 support because that completed a head and shoulders pattern. The target objective of this setup is $9,713.39 and the price touched a low of $9,813 on September 5.

Currently, the bulls are attempting to defend the psychological level of $10,000 because if the BTC/USD pair sustains below this level, it is likely to attract further selling that can drag the price to $9,000 and then to $8,000.

The moving averages have completed a bearish crossover and the RSI has been trading below the 40 level, which suggests that the advantage has shifted in favour of the bears.

If the price dips below $9,813, the next leg of the downtrend is likely to start. On the other hand, if the bulls push the price above $10,638.34, a retest of $11,100 is possible. The bearish view will be invalidated if the bulls can push the price back above $11,100.

The sentiment is currently negative; hence, traders can enter short positions below $9,800 but keep a close stop-loss. On the upside, long positions can be considered above $10,650. However, these are not high conviction trades, hence, only aggressive traders should attempt them with a position size of about 40% of usual.

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

Karnav Shah Chief Editor



Enjoy the issue!

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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 147th edition of Cryptonaire Weekly. The overall Cryptocurrency Market Cap stands at $330 Billion. We have seen a $56 Billion decrease in the Market Cap since last week. Bitcoin price is currently around $10,285 from $11,847 last week and has decreased by 13.18% and Ether price is now at $346 from $463 last week and has decreased by 25.27%. The current market cap for bitcoin is $190 Billion, and for Altcoins, the current market cap is $140 Billion.

The U.S. stock markets led by the technology companies, gold, crypto markets, and crude oil were all down last week, which suggests that the traders booked profits in all asset classes. The total crypto market capitalization dropped from over $394 billion on September 2 to about $313 billion on September 6, which is a 20% fall.

In an uptrend, a fall of about 20% is considered as healthy as it shakes out the weak hands who are in for a quick buck. It also provides an opportunity for the long-term investors to add to their positions or take fresh positions at lower levels. Hence, the traders should view the current fall as a buying opportunity instead of panicking.

Blockchain data suggests that new traders have used the current dip to buy Bitcoin. Data from Glassnode shows that the number of “accumulation addresses” has increased by 2% in the past three weeks. While these are new traders, data from analytics site Santiment shows that whales have been purchasing Ether during the current fall.

However, as the sentiment is currently bearish, traders should not be in a hurry to buy. They should wait for the confirmation of a bottom before attempting to buy because it is difficult to predict which correction will start the next bear market.

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Percentage of Total Market Capitalization (Dominance)

Bitcoin

57.82%

Ethereum

11.83%

Tether

4.33%

XRP

3.30%

Chainlink

1.29%

Bitcoin Cash

1.28%

Polkadot

1.15%

Binance Coin

0.98%

Bitcoin SV

0.98%

Litecoin

0.96%

Others

16.07%

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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 failed to break above the $12,134.29 resistance on September 1, which attracted profit booking from the short-term traders.

However, the selling intensified when the bears broke below the $11,100 support because that completed a head and shoulders pattern. The target objective of this setup is $9,713.39 and the price touched a low of $9,813 on September 5.

Currently, the bulls are attempting to defend the psychological level of $10,000 because if the BTC/USD pair sustains below this level, it is likely to attract further selling that can drag the price to $9,000 and then to $8,000.

The moving averages have completed a bearish crossover and the RSI has been trading below the 40 level, which suggests that the advantage has shifted in favour of the bears.

If the price dips below $9,813, the next leg of the downtrend is likely to start. On the other hand, if the bulls push the price above $10,638.34, a retest of $11,100 is possible. The bearish view will be invalidated if the bulls can push the price back above $11,100.

The sentiment is currently negative; hence, traders can enter short positions below $9,800 but keep a close stop-loss. On the upside, long positions can be considered above $10,650. However, these are not high conviction trades, hence, only aggressive traders should attempt them with a position size of about 40% of usual.

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ETHEREUM - ETH/USD

Ether broke above the $447.50 resistance on September 1 and rallied to an intraday high of $488.95, which hit our first target objective of $480, as mentioned in the previous analysis.

We had also told traders to keep raising their stop-loss to protect their paper profits because anything can happen in trading.

On September 2, the bears pulled the price back below the breakout level of $447.50, which must have caught several aggressive bulls off-guard. The failure to push the price back above $447.50 on September 3 attracted selling that pulled the price down to the critical support at $364.49.

Although the bulls attempted to defend this level on September 4, renewed selling on September 5 broke below this level. Since then, the bulls have not been able to push the price back above $364.49, which is a negative sign.

If the bulls do not reclaim the level within the next few days, the bears will resume their selling and try to break below $310. If they succeed, the next support is way lower at $240.

The moving averages are on the verge of a bearish crossover and the RSI is in the negative zone, which suggests that the bears are in command.

The aggressive traders can attempt to sell at the current levels and keep the stop-loss at $380. Keep the position size only about 40% of usual.

Risk-averse traders can wait for the price to sustain above $364.49 for three days before turning positive.

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RIPPLE - XRP/USD

XRP plunged below the $0.26756 support on August 27 but the bears could not capitalise on this breakdown because the price rebounded off the 50-day SMA. This shows that the bulls are still buying on dips and not panicking.

The altcoin climbed back above $0.26756 on August 28, which shows that the breakdown on the previous day was a bear trap. Usually, such a quick reversal within a day offers a low-risk short-term buying opportunity.

The bulls pushed the price above the 20-day EMA on August 30 and have followed it up with another sharp move today. This shows that the bulls are back in action and they will now try to push the XRP/USD pair to $0.3275.

This bullish view will be invalidated if the pair turns down from the current levels and sinks below the 20-day EMA. Such a move will suggest that bears are aggressively selling on relief rallies.

The traders can buy if the price sustains above $0.293 for a few hours, with the initial stops being kept just below the August 27 lows. The stops can be trailed higher as the price moves northwards.

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BITCOIN CASH - BCH/USD

Bitcoin Cash broke above the $280 resistance on September 1, which triggered the buy for aggressive traders. However, the bulls could not build upon this move and the altcoin turned down on September 2 and plunged back below the breakout level.

That was followed by another sharp move down on September 3, which dragged the price down to the critical $200 support.

Currently, the bulls are attempting to defend this support as this has not been breached convincingly since mid-March. However, the bulls have failed to achieve a meaningful bounce off the $200 level, which suggests a lack of urgency among the bulls to buy even at these levels.

If the bears sink the price below $200, the decline could extend to $140, which will be a huge negative.

However, if the BCH/USD pair rebounds off the $200 support during the next decline, it could offer a buying opportunity to the traders with a close stop-loss. This is again an aggressive trade; hence, the position size can be 40% of usual.

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LINK/USD - LINK/USD

Chainlink did not complete the ascending triangle pattern, hence, our suggested trade in the previous analysis did not trigger.

The selling on September 2 broke below the trendline of the ascending triangle, which was followed by further selling that dragged the price down to the 78.6% Fibonacci retracement level of the last leg of the rally.

Currently, the bulls are attempting to sustain the price above the 50-day SMA. Above this level, the bears are likely to aggressively defend the 20-day EMA. If the price turns down from this resistance, the sellers will attempt to resume the downtrend.

The LINK/USD pair is likely to turn positive if the bulls can push the price above the 20-day EMA and sustain it. We do not find any reliable buy or sell setups at the current levels.

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ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD Blockchain powered ‘Smart Brain’ to govern China’s new ‘Aerospace City’

Blockchain firm CyberVein is partnering with the Chinese government to build a blockchain-powered governance system for its aerospace ‘smart city.’

Singapore-based blockchain data firm CyberVein has become one of 12 firms participating in the construction of China’s Hainan Wenchang International Aerospace City.

Construction commenced last month, with the site previously hosting a satellite launch center.

Described as “China’s first aerospace cultural and tourism city,” it will be a hub for the development of aerospace products and support services intended for use in Chinese spacecraft and satellite launch missions.

The 12 million square-meter facility will host the country’s first aerospace super-computing center, and will focus on developing 40 technological areas including big data, satellite remote sensing, and high precision positioning technology.

CyberVein will work alongside major Chinese firms, including Fortune 500 companies Huawei and Kingsoft Cloud, and will leverage its blockchain, artificial intelligence, and big data technologies to support the development of the city’s Smart Brain Planning and Design Institute.

Read more...

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Binance Jumps on the DeFi Bandwagon With Binance Launchpool

Binance is launching Binance Launchpool, a DeFi platform that allows users to farm new assets.

Binance Launchpool’s first project, Bella Protocol, aims to improve the DeFi user experience.

Bella Protocol will use automation and “1-Click” design, as well as subsidizing gas fees, to help onboard new DeFi users.

Binance has today launched Binance Launchpool, a platform that allows users to farm new assets, as part of the cryptocurrency exchange’s pivot to DeFi products.

DeFi, short for decentralized finance, is the talk of the town in the cryptocurrency industry. DeFi revolves around recreating traditional financial assets in a decentralized environment further afield from government control. With crypto assets tied to fiat currencies currently embroiled in litigation, DeFi is gaining new momentum.

“The potential of DeFi is accelerating at an outstanding rate, along with its adoption among the crypto ecosystem,” said Changpeng Zhao, CEO and founder of Binance.

Binance Launchpool kicks off with Bella Protocol Launchpool’s first project is Bella Protocol, which allows users to stake BNB, BUSD, and ARPA tokens into three pools to farm BEL tokens. This initiative lasts for 30 days and begins on September 9, 2020.

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Microsoft Issues Alert to Crypto Investors After Discovering New Malware Targeting Windows Users

Tech giant Microsoft warns crypto investors that a new malware that targets Windows users and steals sensitive financial data is now out in the wild.

In a series of tweets, the Microsoft Security Intelligence (MSI) has issued an alert that crypto holders who are also using Windows are at risk from a new malware dubbed as Anubis.

“A new info-stealing malware we first saw being sold in the cybercriminal underground in June is now actively distributed in the wild. The malware is called Anubis and uses code forked from Loki malware to steal system info, credentials, credit card details, cryptocurrency wallets.”

Though Anubis bears the name of an Android banking malware, MSI confirms that it’s completely unrelated. Microsoft’s threat protection team also explains that the malware appears to have a limited range of targets.

“Anubis is deployed in what appears to be limited, initial campaigns that have so far only used a handful of known download URLs and C2 servers.”

In addition, Anubis appears to be manageable. Users can rely on Microsoft Defender to stop the malware on its tracks.

“Microsoft Defender ATP detects the new malware as PWS:MSIL/Anubis.G!MTB. We will continue to monitor this threat for the possible expansion of these campaigns.”

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Ransomware hackers shut down Argentina’s borders, demand $4M BTC

Government officials in Argentina are refusing to negotiate with a ransomware group that forced them to briefly close all immigration checkpoints on Aug. 27.

According to a Sept. 6 report on Bleeping Computer, a group of Netwalker ransomware hackers breached Argentina’s immigration agency, Dirección Nacional de Migraciones, on Aug. 27 and initially demanded a $2 million payment to restore its servers.

“Your files are encrypted,” stated a ransom note on a Tor payment page sent to the immigration agency. “Only way to decrypt your files is [sic] buy the decrypter program.”

The group posted a select batch of sensitive data from the agency as proof it was the one responsible for the hack. After a week, the actors increased the ransom to a 355.8718 Bitcoin (BTC) payment — roughly $4 million at the time.

Argentinian news outlet Infobae reported that the attack effectively halted all border crossings into and out of the country for four hours. During the shutdown, authorities took all computer networks used by immigration officials at regional offices and checkpoints offline. Government officials reportedly said “they will not negotiate with hackers” and are not concerned with retrieving the stolen data.

Although ransomware hackers are not restricted by borders, the situation in Argentina is a rare example of a cyberattack affecting a national government agency.

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How Polkadot Surged From Nowhere Into the Top 10 Cryptocurrencies

Blockchain interoperability project Polkadot wasn’t even in the top 100 cryptocurrency rankings three weeks ago; now it sits at number seven, with a market capitalization of over $3.7 billion. It’s a meteoric rise, and it’s at least partly down to something called “redenomination.”

On August 21, after a community vote, DOT was redenominated—meaning that the circulating supply of the token was inflated by 10 times. The process is similar to a stock split, which can see the value of a stock rise substantially after the event, as small investors perceive it as becoming more affordable.

In the cryptocurrency space, however, it’s unheard of. Essentially, Polkadot’s redenomination saw one old DOT divided into 100 new ones. Consequently, the total supply increased from 10 million tokens at Genesis to 1 billion.

The split doesn’t change the value of investors’ total holdings of the company. However, it has led to speculation that the event was at least partly responsible for the rise in the token’s fortunes.

Token splits are the new stock splits The primary motive of a stock split is to make shares seem more affordable to small investors, increasing liquidity in the stock. And the Polkadot community’s reasoning for redenomination has followed similar lines.

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Bitcoin Banking App Mode Eyes £40M UK Listing

A new app that allows users to buy bitcoin, as well as earn interest on holdings, is reportedly looking at going public in the U.K. The Daily Telegraph reported Sunday that Mode Banking is expected to announce plans for a £40 million stock market listing sometime in the next month.

The firm, which was officially incorporated as Mode Global Holdings PLC in August, is also looking to raise £7.5 million ($9.87 million) from investors ahead of the flotation, according to the report.

CoinDesk understands that Mode has already raised £4 million ($5.26 million) and is hoping to list on the London Stock Exchange.

An announcement of the final venue may be on the cards in as little as a month.

Mode’s founder is Jonathan Rowland, who founded online investment company Jellyworks at the height of the dotcom boom in 2000.

Jellyworks’ value soared to over £300 million on its first day of trading on the London Stock Exchange, but had fallen back down to roughly $67 million at the time it was acquired by Shore Capital.

In August, Mode announced it had hired former Alipay exec Rita Liu to lead company strategy and commercial partnerships.

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Australian Senate Sees Blockchain Technology As The Future Of FinTech And RegTech

Australian Senate releases a report on the impact of blockchain technology on the country’s economy, technology status, and regulation technology. Released earlier this month, the 281-page interim report, “Select Committee on Financial Technology (FinTech) and Regulatory Technology (RegTech)”, focused on innovative technologies, laying out the benefits of implementing blockchain technology across the economy.

The interim report further mentioned the myriad of initial coin offerings (ICOs) and the benefits it could bring despite the wave seeming to have already passed.

The potential of blockchain is immense In a full section dedicated to blockchain technology and associated cryptocurrencies, the interim report mentioned the benefits of the innovative currencies in shaping the future of the Australian economy. The Senate highlighted the potential of the blockchain in growing economic value and benefited a range of industries – financial and insurance services, scientific and medical research, technical and service industries.

“Other areas include healthcare and social assistance, agriculture as well as real estate services.”

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Quantum Cryptography Breakthrough Revealed As Team of Researchers Create Ultra Secure Network

A team of researchers from various educational institutions has made a breakthrough in the field of quantum cryptography after creating an ultra-secure network.

In a research paper published in Science Advances, the team led by Siddarth Koduru Joshi of the University of Bristol has established a quantum network protocol that allows multiple parties to directly communicate without actively switching or trusting nodes.

Prior to the team’s breakthrough, quantum communication networks were mostly limited to two users. Scaling used to be a tough nut to crack as it presented a number of problems.

“In most practical networks, it is rare to be able to trust every connected node. Furthermore, such networks tend to use multiple copies of both the sender and receiver hardware at each node, thereby increasing the cost prohibitively. The second category is actively switched or ‘access networks’ where only certain pairs of users are allowed to exchange a key at a time.”

Joshi’s team has circumvented the issues of trust and node switching by creating a network architecture that enables the secure transmission of entangled photons to all the connected nodes.

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Curve Fork Swerve Finance (SWRV) Locks in over $400 Million within a Day of Launch

After the Uniswap forks, it’s time for another hot DeFi project, Curve, a stablecoin-to-stablecoin DEX. Curve’s clone Swerve Finance is an unaudited decentralized finance protocol that has over $410 million locked within 12 hours of its launch and a volume of $55.4 million.

The protocol aims to be “100% community-owned and governed,” allowing users to generate SWRV tokens with these deposits.

“It’s a simple 33,000,000 supply owned entirely by you, the community of liquidity providers and users. If you provide liquidity to Swerve, you get ySWRV tokens, which can be staked in the Swerve DAO to earn $SWRV.” With “no questionable pre-mining,” which means the team members or early investors won’t be allocated any tokens, Swerve refers to Curve’s token CRV’s forced launch last month.

Swerve’s launch, however, wasn’t issue free either as the protocol launched with a bug, now addressed, that prevented users from interacting with contracts.

Curve Finance was launched in January 2020 and is one of the most popular DeFi projects with more than $1 billion of total value locked (TVL). After Uniswap, it is the second-most popular DEX and fourth-largest project in the DeFi world.

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Just Eat Now Accepting Bitcoin Payments in France

Food delivery service Just Eat France has started accepting Bitcoin payments for orders placed from over 15,000 restaurants in the country. The delivery service is using Bitpay as its Bitcoin payment provider.

Home delivery services have been in high demand during the coronavirus pandemic, as lockdown orders and social distancing regulations have forced customers out of sit-down restaurants. At the same time, the use of cash is declining. No surprise, then, that the food industry is now turning to crypto as a viable payment option for customers.

“Just Eat is a major player in the delivery of meals in France; this initiative could help to democratize the use of cryptocurrencies among the general public,” Gregory Raymond, writer for French publication Capital.fr, told Decrypt.

“We do not charge any fees for Bitcoin payments. To make a Bitcoin payment, you need to create a digital wallet by downloading special software or an app,” says the Just Eat France website.

Paying for food using using Bitcoin Payments using Bitcoin will be calculated based on the current price charged by Bitpay. However, if a Bitcoin payment is cancelled, the customer will be refunded in Euros, with payment being sent to a customer’s traditional bank account.

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UK HOUSING CRISIS AFFECTING LANDLORDS – HOW PROPERTY INFO FILE CAN HELP?

The existing property market in the UK has turned into a highly risky business. In fact, one can easily say that the UK housing crisis is severely affecting landlords, tenants contractors and everyone in the property industry.

The UK’s housing crisis has been highlighted by COVID-19. Many of the long standing industry issues we discuss in this article have been thrusted to the forefront of people’s minds.

Noteably it has been especially difficult for the homeless and those with young children living in overcrowded homes without outdoor space.

Private renters who have lost their jobs face the prospect of eviction and increasing numbers of homeless people are unable to find support despite initial announcements that they would be housed in hotels.

Coronavirus may have accentuated these issues, but the housing system has looked broken for years. Its dysfunction can be superficially measured via massive housing waiting lists, high rents and homes so expensive that new generations can’t buy. Other signs include homelessness and sofa surfing, rising evictions, overcrowding, and young people staying with parents for longer.

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Today’s article however will focus on the landlords who are increasingly facing difficulty from multiple areas.

UK HOUSING CRISIS – CHALLENGES LANDLORDS ARE FACING INCLUDE: – Rental money is not being paid at all or on time.

– Damages to property.

– Anti-social behavior on part of the tenants – Property management fees and unknown hidden fees.

– Evicting tenants from the property.

Thus, the UK housing crisis is currently causing havoc in the lives of the landlords, who are desperately searching for ways to better manage their properties and tenants.

PIF-THE NEXT-GEN PLATFORM PROPERTY MANAGEMENT

FOR

As far as PIF or Property Info File (https://medium.com/@ nguyennha/review-the-pif-platform-2187723905e2) is concerned, it offers the best solution for effective property management. PIF plans to revolutionize the way in which people search, source, rent as well as manage their properties. The Property Info File platform, with assistance from hybrid blockchain, intends to transform, improve as well as streamline the entire process of property management permanently.

In fact, PIF is the ideal way forward to resolving the current UK housing crisis, where landlords are struggling with multiple issues.

By including blockchain within the Property Info File platform and procedures, PIF plans to develop an ecosystem that ensures streamlined, agile, and efficient property management. It plans to make the homes, lives, as well as the work environment of landlords, tenants, and even property managers much simpler, easy, and transparent, thereby allowing each one of them to choose better using their money and time.

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The platform will change how property managers and landlords handle their work, and will also help them to improve their processes. PIF will change the way in which data is stored, accessed, and used for the improvement of the property management cycle.

BLOCKCHAIN AND REAL ESTATE The blockchain is a highly trusted and advanced technology, which makes it ideal for the real estate sector, where trust and transparency are key issues, especially because people invest a huge amount of money for purchasing their properties.

This is one of the key reasons why many of the real estate projects that use the blockchain system in their platforms lay more emphasis on the financial transaction since blockchain is directly related to cryptocurrencies. However, one of the major advantages of blockchain is that it functions on the distributed ledger system. Thanks to the distributed ledger concept, blockchains are capable of accommodating several records over a given period. This also helps to keep the records tamperproof and further allows any user to verify the transactions while still maintaining anonymity.

Thus, blockchain offers a method for transferring and securing funds aside to supporting the highly complex multi-party agreements, which drive those money transfers via smart contracts.

UK HOUSING CRISIS & THE CURRENT PROBLEMS LANDLORDS FACE At present, landlords are dealing a multitude of issues as mentioned above however one which seems to start the discussions off time and time again relates to finding an ideal tenant for that rental property.

Landlords are looking for tenants who are capable of keeping their properties safe, as well as in good condition. Another issue that they are facing is whether their tenant would pay the rent or not.

Landlords are also worried about whether their tenants would report the repairs in time to avoid any sort of damage.

BELOW, CHECK OUT SOME OF THE MAJOR ISSUES THAT LANDLORDS ARE CURRENTLY FACING: Finding the Perfect Tenant One of the primary issues that landlords are facing is related to finding a good tenant who can treat them and their property well. Landlords want tenants to maintain their property in good shape so that they are not required to spend money on costly post tenancy repair work.

Lost or unpaid rent is another thing that property managers and landlords keep worrying about every single day. In fact, landlords also face lengthy evictions, insufficient tenant funds and deposits, and funding that fails to cover the costs of property damage and repair.

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Credit Checks Another major point that ads to this UK housing crisis is that landlords facing issues with credit worthiness of their tenant. A tenant may appear to be perfect initially, but eventually, they cause a whole lot of trouble for them. A good number of tenants in the United Kingdom today pay their 1st month’s rental money along with a lower deposit to move in. However, later they cause massive problems to the landlord in the form of non-payment of rental income or credit checks.

Payment and Rent – Evictions As already mentioned above, the initial month’s rental money is all that these perfect tenants pay, and thereafter a year and more goes by, but is widely known that tenants are very hard to evict even if they are not paying their monthly rent! Tenants like this take up a great deal of time and continue to enjoy the rent-free stay. Moreover, many of them tend to damage the property.

Thus, by utilising the PIF solution landlords can avoid this possible outcomes by having their rental payment and deposit history checked, landlords can save themselves from a lot of trouble. Another aspect that landlords can dig into is whether their prospective tenant kept their previous rental property in good condition or not. This would help them to consider every single aspect before letting their properties.

FOLLOWING ARE SOME OF HOW BLOCKCHAIN TECHNOLOGY-ENABLED PLATFORMS CAN HELP THE LANDLORDS: – Full-Inventory Recording – Access to High-quality and professional repair Engineers – Communication Channels – Uploading of multiple properties – Tenant History – Certificate expiry reminders – Dashboard management – Preferred list of renters – Gaining tenant feedback

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UK HOUSING CRISIS – HOW PIF CAN HELP LANDLORDS? With the Property Info File (PIF) platform, landlords can easily search for good tenants for their properties. This would ensure that they enjoy regular rent payments and no damage is caused to their properties under any condition. Given that credit checks used for renting out a property are all based on the wrong concepts, they must be focused only on the past rent payments, as well as deposit returns of the tenant. This would indicate that there were no issues with their behavior or rental payments. Thus, by working in tandem with the banks, as well as the deposit holding firms, and by relying on open source banking system, PIF can easily pull out these payments to further use them for rental property credit checking.

Apart from this, PIF will also allow landlords or agents to cross-check the tenant’s history in terms of rental payment, their overall behavior, and any other contract breaches

HOW WILL THE PIF ECOSYSTEM WORK? The PIF ecosystem is uniquely designed to resolve the UK housing crisis. Below, check out how the entire ecosystem would function for the tenants, landlords, and other parties involved within the system: – A tenant purchases PIF tokens which can be stored within their digital wallets.

– The tenant applies for renting an apartment, thus allocating 1000 PIF digital token to the Application Deposit Smart Contract.

– The landlord chooses their preferred tenant, as well as 950 PIF tokens, are taken away from the winning tenant’s Application Deposit Smart Contract to the Rental Deposit Smart Contract, which serves as the first down payment towards the rent deposit. The 50 PIF digital tokens that remain in the tenant’s wallet are shifted to Property Info File’s wallet as part of the service fee. On the other hand, all the losing tenant’s application tokens are returned or refunded.

– The agreement formed between a tenant and the property owner shall be tokenized as well as updated, within the PIF platform for reference.

– Whenever there is a need for an appliance or property repair and maintenance, then a request mentions the same shall be updated through the application and further noted within the network.

– The tradesman who is also a member of the PIF system will be notified and shall offer a quotation for their service.

– The owner/tenant would pick the individual whose service and the offer seems the best as per the updated record.

Thus, the party that agreed (owner/tenant) to make the payments will pay the necessary amount, and the same record shall be updated in addition to the task closure report. Once the lease is complete, and in case there isn’t any damage to the property, then the Rental Deposit Smart Contract shall refund all the PIF tokens by transferring them into the tenant’s wallet.

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Thus, after the tenant has moved out, and if the landlord does not make any damage claim, then the Rental Deposit Smart Contract shall transfer the PIF tokens (as per the extent of the damage) into the wallet of the landlord. Furthermore, all the important data will get recorded over the blockchain as well as can be easily verified by the system user. Besides, the private data/info will get encrypted within the contract with the help of a 3rd party privacy as well as identity structure. This would enable in keeping and holding the data private and as per the privacy compliance laws.

UK HOUSING CRISIS – CONCLUSION In a nutshell, there is no denying the fact that the PIF platform (http://www.propertyinfofile.com/) will help to resolve the UK housing crisis to a large extent. The platform has been designed to ensure that there is effective communication between all the parties involved in the renting and leasing of property. It will also provide tenants and landlords with access to reputed service engineers, and help them to ensure full compliance, transparency, and traceability so that everyone involved gets a fair and honest deal.

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ROWAN ENERGY UPDATE – 2ND SEPTEMBER 2020

It’s been just over a week since our last Rowan energy update and wow things have been busy at Rowan, with some great strides ahead, both in terms of technology and the price of RWN on exchanges.

Over the coming weeks expect to see & hear more as the project continues to push forwards.

Rowan price jumping as we gear up for user-adoption.

Over the last few days, we have seen the price of RWN (available on Vindax & LAtoken) jump up as investors start to buy in before the launch of the 100 user trial in September. I took a screenshot last week of the RWN price and it was up 1000%+ over 7 days. Those who have been following this project with us will be feeling very pleased with themselves.

This follows the (expected) sell-off as Rowan completed the planned airdrop of tokens over the last few weeks.

While the price will continue to jump around, we should see it gradually increase as we onboard users and they start to be rewarded for producing their own REC’s.

In particular, the buy-pressure on the market should be fairly constant as they purchase the tokens to reward Rowan Energy participants at the rate of £0.25 in RWN per 1kwh of renewable energy they produce.

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With the average UK household producing 20kWh per day, even 100 users will create a lot of token movement!

Rowan has also seen an increase in the number of users adding their RWN into the Rowan vault where they earn interest, creating further demand on the limited supply available through exchanges.

Very interesting times ahead for the price and it will be great to look back in a few months and see how much it has changed!

Rowan Energy Update – Android app live in the Play store!

If you don’t have a native mobile app are you really even a business in the modern world?

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Rowan Energy, is one of the best cryptocurrencies which you can invest in during 2020 enabling users to sell their energy P2P with others in the community, thus bringing in instant payments, and that too at a higher rate. This, along with REC’s results in an increase in the income of solar panel Rowan’s app is live now in the Android play store and lets users log in to store, transfer & buy RWN. The app lets people hold their RWN tokens, as well as buy them in ETH, BTC & USD. As with all good crypto wallets, when you first open it and create the wallet it will provide you with a string of random words.

These are the recovery phrase & if you lose your phone they are the ONLY way to recover your wallet!

You have the power, but with great power comes great responsibility!

Rowan Energy Update – Looking for partners to buy the tokenised REC’s As soon as the first batch of users connects their Rowan Smart Miners to their home solar they will be mining 1kw tokenised carbon offset certificates.

With the 100 users in the trial Rowan is expecting to average 2000 kWh of REC’s daily, so are now looking for a partner to take advantage and purchase them.

Rowan Energy Confirms Major Update Of 100 User Trial Is On Schedule For This Month No software matters unless it is used in the real world, and blockchain technology is no different.

For some time now Rowan’s 100 user trial run in UK homes has been planned, and it is going ahead on schedule.

Each home in the trial will be fitted with a Rowan Smart miner, which will track the amount of energy they produce and “mine” 1kwh tokenised carbon offset certificates.

These will automatically be transferred to Rowan and the producing home will be rewarded in RWN to the value of £0.25 per 1kWh cert.

This is an extra payment and feature they haven’t been able to take advantage of before and sits in addition to, not instead of, any other payments the user received previously.

Not only does it enable home solar to become the viable financial option with a much better ROI it has needed to be for so long, but it also enables companies looking to offset their carbon a new source of the certificates.

The Rowan Smart Miner is ready to go into homes The Rowan Smart miner is the key piece of hardware connecting home renewable energy producers to the Rowan solution.

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Built on a Raspberry Pi custom hardware stack, running a special hardened version of Linux, it is authorised by master nodes to mine the carbon offset certificates which create the new form of income for renewable energy producers.

Small, light, discreet and able to clip onto existing wiring, it is ready to go live into the 100 trial user homes.

As soon as it is, those homes will start producing their own REC’s for the first time, and being rewarded accordingly.

Rowan Energy – Partnership with Limtz for a co-branded debit card announced.

As the Rowan Energy trial comes closer (launching this month, September 2020) Rowan are announcing a partnership with Limtz for a co-branded debit card.

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This card will allow users who have earned Rowan Rewards through their home renewable energy generation to cash out their points, easily, and quickly.

Each home using roof-top solar generation and connected to the Rowan Smart miner will automatically be paid for the tokenised Carbon Offset Certificates they produce, based on the amount of energy they are creating.

These payments will be made to them in RWN, the listed token of Rowan Energy Blockchain, to the user’s wallet.

The Limtz partnership creates the missing link, enabling users to easily cash out their reward tokens as they see fit for whatever they want.

This process ensures that users are finally being fairly rewarded for the renewable energy they produce, and reduces the onboarding and technical knowledge required, compared to them having to openly trade RWN on the listed exchanges To find out more visit RowanRewards.com or RowanEnergy.com

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Trading Insider | 7th September 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.

Nirav Shah Chief Editor

Good Morning Platinum Traders, Last week we had some decent trading opportunities on our caps, on gbp/usd and the eur/usd in particular.

There was also a decent bpc opportunity on usd/chf which was flagged up in last weeks PTV discussion, set up on wednesday and was executed to precision on the thursday. Looking ahead to this coming week we have a bank holiday today in the US and Canada, so the market liquidity may dry up in the european afternoon / US morning session. Highlights for the week are wednesdays BOC bank rate announcement as well as thursdays ECB monetary policy statement.

Look for 4th or 5th zone reversals if trading these events whilst cutting your normal trade sizes down to either 25% or 50% of your normal sizes.

As we come into summer trading conditions ( the summer doldrums ) the market caps as a consequence will be off fairly conservative levels for the time being. For the more experienced traders amongst you please continue to trade with this in mind whilst also being vigilant with opportunities off the daily update levels matching up to the buy and sell zones on the algorithm. This information will also put you on the right side of the market, both technical and fundamental wise with relevant support/resistance levels quoted on there to plot onto your charts. Once you have your directional bias, then bring your technicals into play, fibs, start buying on dips in bullish moves, whilst selling rallies into any strength on bearish plays. BPC trades should always be on your radars as wel

Trading Insider | 7th September 2020

Contents THIS WEEK IN THE FOREX MARKETS........................................................................................................................................4 Economic Data and Geopolitics Put the EUR and the Pound in Focus .....................................................................4 Dollar steadies as traders wary about U.S. stocks, look to ECB for catalysts .........................................................5 GBP/USD: Heavy, still holds above 1.32 amid Brexit concerns.....................................................................................6 USD/CAD Rate Trades in Defined Range Ahead BoC Interest Rate Decision........................................................7 The Aussie Dollar Has Risen 30% Since the Covid-19 Sell-Offs in March..................................................................8 KEY ANALYSIS OF MAJOR PAIRS.................................................................................................................................................10 EUR/USD..................................................................................................................................................................................................10 GBP/USD .................................................................................................................................................................................................11 TOP TRADING EVENTS.....................................................................................................................................................................12 COT DATA ..............................................................................................................................................................................................13 WHAT IS A FOREX EXPERT ADVISOR? BEST FOREX EA 2020....................................................................................17 TOP TIPS FOR TRADING FOREX IN 2020 TO BECOME A SUCCESSFUL FOREX TRADER.............................22

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Trading Insider | 7th September 2020

THIS WEEK IN THE FOREX MARKETS

THIS WEEK IN THE FOREX MARKETS Economic Data and Geopolitics Put the EUR and the Pound in Focus

Earlier in the Day: It’s was a relatively quiet start to the day on the economic calendar this morning.

Economic data from China was in focus in the early part of the day.

Away from the economic calendar, news of the U.S administration looking to target more Chinese companies tested risk appetite early on.

Out of China August trade figures were in focus following the recent trade talks between the U.S and China.

In August, the U.S Dollar trade surplus narrowed from $62.33bn to $58.93bn.

Economists had forecast a narrowing to $50.50bn.

Year-on-year, exports rose by 9.50%, following a 7.2% rise in July. Economists had forecast a 7.1% increase.

Imports fell by 2.10%, following a 1.4% decline from July. Economists had forecast a 0.10% rise.

Read more...

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THIS WEEK IN THE FOREX MARKETS

Trading Insider | 7th September 2020

Dollar steadies as traders wary about U.S. stocks, look to ECB for catalysts

TOKYO (Reuters) - The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while traders shifted their focus to the European Central Bank’s meeting on Thursday.

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

In the immediate aftermath, the greenback rallied to its highest in a week at 93.242 against a basket of six major currencies on safe-haven buying, but later retraced its gains as U.S. stock indexes recovered.

“The jobs data which showed a decline in the unemployment rate, and a rise in U.S. Treasury yields, are supporting the dollar today,” said Masafumi Yamamito, chief currency strategist at Mizuho Securities.

“However, what’s weighing on the currency is a huge drop in U.S. stocks (last week).”

The S&P 500 fell 2.3% last week after five consecutive weeks of gains. [.N] The dollar index =USD was little changed on Monday at 92.895. Foreign exchange trading was likely to be subdued as U.S. financial markets are closed for the Labour Day holiday.

Read more...

THIS WEEK IN THE FOREX MARKETS

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Trading Insider | 7th September 2020

GBP/USD: Heavy, still holds above 1.32 amid Brexit concerns

GBP/USD stalls its bounce and drops back below 1.3200. The cable remains heavily offered amid intensifying no-deal Brexit fears. Also, weighing on the pair could be the US dollar’s sustained run-up and a lack of major data/events due on the cards.

From a technical perspective, some follow-through selling below Friday’s swing low, around the 1.3175 region, will be seen as a fresh trigger for bearish traders and accelerate the slide towards mid-1.3100s. The downward trajectory could further get extended to the 1.3100 mark before bears eventually drag the pair towards the next major support near the 1.3050-40 horizontal zone.

On the flip side, the 1.3255-65 region now seems to have emerged as immediate strong resistance. That said, a sustained move beyond might trigger a short-covering move and push the pair back towards the 1.3300 round-figure mark. A subsequent move up might negate any near-term bearish bias and assist the pair to aim back to the recent daily closing highs resistance near the 1.3385 region.

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THIS WEEK IN THE FOREX MARKETS

Trading Insider | 7th September 2020

USD/CAD Rate Trades in Defined Range Ahead BoC Interest Rate Decision

CANADIAN DOLLAR TALKING POINTS USD/CAD trades in a narrow range following the limited reaction to Canada’s Employment report, and the exchange rate may continue to consolidate ahead of the Bank of Canada (BoC) interest rate decision on September 9 as the Relative Strength Index (RSI) bounces back from oversold territory.

USD/CAD RATE TRADES IN DEFINED RANGE AHEAD BOC INTEREST RATE DECISION USD/CAD appears to have reversed course ahead of the January low (1.2957) as Canada’s Employment report shows a slowdown in job growth, with the economy adding 245.8K jobs in August versus forecasts for a 250.0K print, which compares to the 418.5K expansion the month prior.

It remains to be seen if the fresh data prints will sway the Bank of Canada (BoC) as the rise in full-time position (205.8K) starts to outpace improvement in part-time employment (40.0K), and the central bank may merely attempt to buy time in September after delivering the updated Monetary Policy Report (MPR) in July.

In doing so, the BoC may show little intentions of altering the path for monetary policy as the “Bank expects the economy’s recuperation to slow,” and the central bank may continue to carry out “its large-scale asset purchase program at a pace of at least $5 billion per week” as Governor Tiff Macklem pledges to support the Canadian economy throughout the recovery.

Read more...

THIS WEEK IN THE FOREX MARKETS

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Trading Insider | 7th September 2020

The Aussie Dollar Has Risen 30% Since the Covid19 Sell-Offs in March

It doesn’t matter if you’re a developed or emerging market, Covid-19 threw a curveball at all global economies in 2020 and now it’s a matter of who can rebound the best.

One country that has seen its local currency rise is Australia with the Aussie dollar rising as much as 30% since the March sell-offs.

Per a recent CNBC report, the “Australian dollar has spiked some 28% since a year-todate low in March. As the country fell into recession in the second quarter, however, analysts were mixed on where the currency is headed.”

“In March, the Aussie dollar fell to a year-to-date closing low of $0.5738 against the greenback as the coronavirus crisis intensified, and lockdown measures were triggered nationwide,” the report added further. “Defying the country’s weak economic outlook, the currency continued strengthening in the past few months. It briefly broke through the 0.74 mark this week, and reached a two-year peak, according to Reuters estimates. It has since fallen back to the 0.73 level.”

The article noted that the Aussie is a prime signal of strength or weakness in the global market’s risk appetite. If more strength could be had in the Aussie dollar, it could be the proverbial tide that lifts all boats.

“If you consider some of the fundamentals in Australia, you can justify valuation of the Australian dollar at current levels,” Nelson said. He also said the country is “very well positioned right now” as it provides much raw material for China’s industrial sector, which has bounced back and is “one of the biggest engines of the current global economic recovery.”

Read more...

Trading Insider | 7th September 2020

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Trading Insider | 7th September 2020

KEY ANALYSIS OF MAJOR PAIRS EUR/USD

EUR/USD

EUR/USD – Weekly Closing Price: 1.1837 German CPI declined by 0.1%, the third decline in the past four months. Eurozone CPI fell by 0.2%, as deflation in the bloc remains a serious concern. Eurozone and German PMIs were in the low 50s, pointing to slight expansion in the services and manufacturing sectors. Eurozone retail sales fell by 1.3%, missing the estimate of +1.3%. German Factory Orders gained 2.8%, after a huge gain of 27.9% beforehand. In the US, last week’s numbers were solid. Manufacturing PMI improved to 56.0. up from 54.2. The Services PMI also pointed to expansion, but slowed to 56.9, down from 58.1 beforehand. Unemployment claims dropped below the 1-million mark with a reading of 886 thousand. Nonfarm payrolls slowed to 1.371 million, but was very close to the estimate of 1.374 million. The unemployment rate fell sharply to 8.4%, down from 10.2%. This marked the first single-digit reading since April, prior to the Corvid-19 pandemic.

There was more good news from wage growth, which rose from 02% to 0.4%.

EUR/USD Longer Term view The Euro’s Uptrend (from its March low of 1.0640) is showing signs of “tiredness” , leaving it vulnerable to a significant correction ahead.

EUR/USD DAILY UPDATE In the short term, support Today lies at 1.1830/1.1800 enabling rally to resistance at 1.1900/1930 1.1965 max.

Trading Insider | 7th September 2020

GBP/USD

GBP/USD

GBP/USD – Weekly Closing Price: 1.3084 In the UK, the Manufacturing PMI came in at 55.2, very close to the initial reading of 55.3. Construction PMI slowed to 54.6, down from 58.1. Still, the fact that the manufacturing, services and construction sectors all posted readings in expansion territory points to a deeper recovery. The 50-level separates contraction from expansion.

Consumer credit demand increased, as Net Lending to Individuals climbed to GBP 3.9 billion, up from GBP 1.8 billion beforehand. Services PMI continued to accelerate, with a read of 58.8, up from 56.5. In the US, last week’s numbers were solid. Manufacturing PMI improved to 56.0, up from 54.2. The Services PMI also pointed to expansion, but slowed to 56.9, down from 58.1 beforehand. Unemployment claims dropped below the 1-million mark with a reading of 886 thousand. Nonfarm payrolls slowed to 1.371 million, but was very close to the estimate of 1.374 million. The unemployment rate fell sharply to 8.4%, down from 10.2%. This marked the first single-digit reading since April, prior to the Corvid-19 pandemic. There was more good news from wage growth, which rose from 02% to 0.4%.

GBP/USD Longer Term view Sterling’s recovery has been contained by multi-year Falling Wedge resistance so far But sustained break above this resistance (at 1.3560) enables strong advance to then occur (onto the low 1.4000’s, initially).

GBP/USD DAILY UPDATE Today, support lies at 1.3225/1.3200, with resistance at 1.3290 (beyond this enables a test of 1.3350/1.3390).

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Trading Insider | 7th September 2020

TOP TRADING EVENTS

TOP TRADING EVENTS

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Trading Insider | 7th September 2020

COT DATA

COT DATA

AUSTRALIAN DOLLAR COT REPORT

BRITISH POUND COT REPORT

CANADIAN DOLLAR COT REPORT

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Trading Insider | 7th September 2020

COT DATA

COT DATA

EURO COT REPORT

JAPANESE YEN COT REPORT

NEW ZEALAND DOLLAR COT REPORT

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Trading Insider | 7th September 2020

COT DATA

COT DATA

SWISS FRANC COT REPORT

US DOLLAR INDEX COT REPORT

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Trading Insider | 7th September 2020

Trading Insider | 7th September 2020

FOREX TRADING ARTICLE

FOREX TRADING ARTICLE LEARN HOW TO TRADE GBP/USD - CURRENCY TRADING GUIDE

Welcome to forex, the largest financial market in the world! This dynamic market is open 24 hours a day, six days a week. This means that one can trade forex at almost anytime during the week, no matter where you are situated. As technology has developed and forex traders are able to trade from their computers or Smartphones, automated forex trading has become more and more popular. In this article, we will discuss forex Expert Advisors (EA), which is a type of automated trading system.

MetaTrader 4 In order to trade on the forex markets, you will need to use a trading platform, which is provided by a forex broker. One of the most popular trading platforms is MetaTrader 4 (MT4). The MT4, which is a trading software program, can be easily installed on your computer or Smartphone. The platform is user-friendly, which makes it ideal for beginner traders. At the same time, the platform offers features customizable charts and is totally comprehensive, which makes it an excellent tool for the experienced trader.

What Is an Expert Advisor?

In a nutshell, an Export Advisor is a software program which is an automated trading system. The program can indicate to a trader when to execute a trade or it can automatically execute the trade, based on pre-programmed instructions. An important feature of an Export Advisor is that it can be run on any MetaTrader 4 or MetaTrader5 platform. A trader can use an existing Export Advisor which has pre-set parameters, or they can design their own Expert Advisor, using parameters of the trader’s choosing.

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Trading Insider | 7th September 2020

FOREX TRADING ARTICLE

How Is a forex Expert Advisor different from a Forex Robot?

In forex literature, the terms “Expert Advisor” and Forex Robot” are often interchanged. However, it is important to differentiate between these two concepts. Both are automated trading programs which were developed to identify market patterns which can generate trading signals. A Forex Robot can be programmed to trade automatically and continuously on a trader’s behalf, without the trader needs to be in front of the computer during the trading. In other words, a Forex Robot conducts the entire trade – it determines the entry point, places the trade, and exits from the trade, all this without any participation from the trader. On the other hand, the forex Expert Advisor provides the trading signals, but it is the trader who decides whether or not to place the trade. If the trader likes what she sees, she will then have to manually authorise the trade.

Watch this video: The Platinum Extreme Zone Strategy(02mins 05secs)

The Platinum Trading System’s Confluence Matrix algorithm studies 18 indicators and combines them with Institutional Order Flow. It offers a simple, effective, and manageable user interface with a unique alert system that guides any trader with any level of experience to pick the perfect entry point time and time again.

Embracing our Forex Trading Strategies will open your eyes to professional methods of trading, and will help you to powerfully and precisely trade the markets.

Intraday, Swing, End of Day, Longer-Term? No matter what type of Forex trader you are, the Platinum Trading Academy has got you covered with our simple-to-use forex trading strategies!

Would you like to receive the Platinum Trading Academy Closing Bell videos?

Trading Insider | 7th September 2020

FOREX TRADING ARTICLE

When you subscribe to The Platinum Trading Academy Closing Bell will give you FREE ACCESS to: Latest Trading Events Latest Trades and Trading Results Daily Market Wrap These videos will give you an idea on how our Traders Swing, Intraday and Position Trade.

What is the best Expert Advisor for MetaTrader?

A casual search on the internet will bring up dozens of expert advisors in forex. The list can be dizzying, as there are literally thousands of Expert Advisors being advertised.

How can a trader determine what is the right expert advisor to choose? One must be careful not to fall into the trap of an advertisement promising huge profits if you purchase their Expert Advisor or Forex Robot. This, of course, is nothing but a scam.

How can you avoid the scammers and choose the best Expert Advisor? We do not recommend any specific Expert Advisors, but some research on the internet will help you make an informed decision. The first step is to research an independent website which has tested and rated various Expert Advisors. Some reputable independent sites include Forex Ratings, myfxbook and forex peace army. These sites provide extensive details about expert advisors and some even provide a “Top 10” list of the best Expert Advisors. However, it is your responsibility to do the necessary research and select an EA that is suitable for your needs and goals. If the description of a particular EA looks appealing, we would recommend that you conduct further research on the internet about this product. As well, you may be able to ask your forex broker about their opinion of a particular EA. There is, of course, no “perfect” Expert Advisor in forex. Don’t expect to pick a forex Expert Advisor and watch it scoop up the profits while you relax in the sun. In order to have a profitable forex expert advisor, you will need to understand how the Expert Advisor works, so that you can change the settings as needed. This means you should have a trading strategy in place before you begin making forex trades. It is important that you are familiar and comfortable with the EA software and understand how to change the settings if market conditions change since the settings will have to be changed manually. It is also important that you determine your risk tolerance so that you can choose proper risk settings on the EA, such as leverage. Ideally, your EA should be fine-tuned to settings that reflect your trading style and strategy.

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Backtests and Demo Accounts Forex trading carries considerable risk; therefore, it is important not to rush into trading on the live forex market with an EA before carrying out two important steps: 1. Backtests on historical market data 2.Demo account test

Backtests– The MetaTrader 4 software features a strategy tester which can simulate performance over a defined period of time. This will provide information on past performance, but keep in mind that the data may not be 100% accurate, since it has been provided by brokers. Still, this information is useful in providing a picture of how well the EA has performed in the past.

If you run the backtests and the EA passed with flying colours, keep in mind that past performance is not an indicator of future results. Now it’s time to test the EA on a demo account.

Demo account - A demo account is a “practice” account, which enables a trader to simulate trading in the live market, but without any risk. In order to make the most use of a demo account, the parameters of the trade you plan to make on the live market should be duplicated, to the fullest extent possible, on the demo account (deposit type, deposit amount, leverage, currency pair, etc.) This means that the demo trade should mirror the live market trade.

In addition to being risk-free, a demo account allows you to test the EA and see how well it performs on the trading platform. You should only proceed to live trading when you are satisfied with the results of numerous practice trades on the demo account.

Reasons to use a Forex Expert Advisor Let’s now take a look at the advantages and disadvantages of forex Expert Advisors:

Advantages 1. An EA doesn’t need to sleep or rest; it can continuously monitor price action on the forex markets, 24/7. A human trader is unable to function on such a schedule and cannot monitor the forex markets without taking breaks.

2. A human trader is susceptible to making a trade based on greed or fear, which could result in an irrational trading decision which could negatively impact on the trader’s account. An EA does not have any emotions, and therefore any trading move is purely rational.

3. An EA can easily be subjected to a backtest in order to determine past performance (although, as we discussed earlier, the results may not be entirely accurate).

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Disadvantages 1. A trader may not fully understand the EA software and might inadvertently use it improperly. For example, the settings on the program might be improperly placed, which could result in the EA failing to execute trades in the manner in which you had intended. This could result in losses in your account.

2. The EA is limited to making use of programmable information. There may be other valuable information that could be useful in trading, but if it is not programmable, it cannot be used by the EA.

Conclusion The aim of this article has been to provide the reader with insights on the use of Expert Advisors in forex trading. Expert Advisors are useful trading tools which can monitor markets continuously, but it is important that you choose a reputable Forex Expert Advisor and also understand how the program works, to ensure that the settings on the EA reflect your trading strategy and maximize the likelihood of executing winning trades. At Platinum Trading Academy, we provide step-by-step mentoring and in-depth training courses, which will help make you a successful trader. Find out more about our dynamic courses.

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FOREX TRADING ARTICLE TOP TIPS FOR TRADING FOREX IN 2020 TO BECOME A SUCCESSFUL FOREX TRADER

Hello Traders, Coronavirus Update: In this time of economic uncertainty, some key strategies may not be as effective as they would otherwise be during times of regular market fluctuations.

We simply ask that you trade with care while the world faces this global pandemic.

First and foremost welcome back to the platinum forex blogs. Today instead of just talking about forex trading strategies, technical analysis, technical indicators or fundamental analysis. We want to give you tips and tricks that will enhance your ability to make profits like a professional, profitable forex trader. Don’t forget Forex trading can be a lucrative profession if you learn to trade the markets with professional traders!

In the near past, one had to become a full-time financial trader and trade on the floor to gain access to foreign exchange markets. However, the time has moved on, and with the internet proliferating offices and residences the world over, the world today has become very small. Virtual offices are replacing real-life ones, and this has proved to be an advantage to individuals thinking about taking up forex trading as a profession.

Rather than doing tedious office chores from 9 to 5, the world of forex trading offers exciting money-making challenges that can entice people to skip traditional jobs and opt for reliable and sustainable sources of income where you’re your own boss and get to decide how much you desire to earn in a single day.

If you’re new to forex trading, here’re a few trading tips to help you master currency trading and become a good forex trader.

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1. LEARN TO CREATE THE PERFECT WORK-LIFE BALANCE Not all forex traders trade the currency markets all the time. A large percentage of forex traders invest only a few hours each day to do actual trading. This is because many individuals prefer to trade in their free times while several trading professionals allocate fixed time for their trading activities. A large majority of traders take up forex trading to generate additional revenue streams. At our online forex trading academy, we have turned the part-time forex trader into a full-time professional trader by implementing our forex trading plan which has been adapted according to the Platinum Methodology.

To trade effectively and generate profits on a regular basis or create a secondary income, you need to have a sound trading strategy and dedicate a fixed number of hours each day. It’s important to be consistent rather than spend several hours at a time and do sporadic trading.

It’s very important to match your working schedule with your trading activities. A perfect balance between work, trading and personal life can go a long way in sustaining your revenue streams.

At our online forex trading academy, we have turned the part-time forex trader into a full-time professional trader by implementing our forex trading plan which has been adapted according to the Platinum Methodology.

Best trading tips: As a veteran trader I can tell you that You only need to make 5000 pips a year and need 10 Forex strategies that will make you 500 pips a year. Do not use forex signals as they will never have consistency use a Forex trading methodology that suits your daily structure.

Watch this video: Forex Trading Tips for beginner traders (02mins 48secs)

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2. Effectively utilize your trading time If you’re a retired person interested in speculating how the forex market works or you’re financially well-off, you could afford spending limitless time on the trading floor. In that case, you wouldn’t have to worry about time factors and do things as per your comfort levels.

However, in real life, this does not happen. Time is always a valuable asset and people are always short of it. You need to utilize your time in the best possible manner to gain maximum productivity out of it. The same rule holds true for forex trading. The more time you can invest in your forex a and respond in time to trading tips, the more profits you shall make. So try to schedule as much possible time you can afford to spend, or rather invest, in your trading activities. If you can’t invest more hours, try to speed up work or optimize your work processes so you can gain more trading productivity out of your limited trading time.

Daily Forex Trading Tips: Plan your trade and trade your plan is one of the most common pitfalls of an unsuccessful forex trader as in once a trader is successful he starts to look for more and more opportunities in the foreign exchange market and in the ends up utilizing his/her trading time in the wrong way. Do not take the easy way out by following trading tips or forex signals to learn the methodology.

3. Maintain a Trading journal and implement a trading plan Humans tend to have short memories. In addition to that, many individuals find it hard to remember numbers. Forex trading, like any other form of trade, involves numbers. To become a master trader, you need to remember all the important trades are done in your past, what mistakes you made and the things that you did right which fetched you good profits. You need data to do your technical analysis and fundamental analysis. The information that you can avail from your trading journal can also help you prepare your daily chart, understand the price action in a much better way and focus upon your favorite currency pairs. Valuable data availed in time can help to stop loss from occurring, so you can’t afford to lose it.

Forex traders have two major trading tips. Either remember all-important trading events – both good and bad ones – or retain them somewhere so you can analyze them as and when you want. It’s mandatory to retain all data as you’ll need it to make future trading predictions.

To be on the safer side, a trading journal can work wonders for you as you don’t have to depend much upon your memory (it can fail you if you’re overstressed or very tired) to retain all important stuff. Just record it in your trading log book so you can be complacent about your data – It’s not disappearing or going anywhere. You’ll find it exactly where you’ve kept it.

Forex Trading Tips for the day: Successful Traders always maps their charts on a Sunday and prepares for the whole week in advance within his forex trading plan.

4. Practice discipline and have a proper mindset Just like any other form of sport or physical workout, you need to practice forex trading daily to become good at it. It should become a routine exercise. You need mental discipline and

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a proper mindset to practice trading and become and proficient forex trader. After trading with some of the best traders in the financial market a major trading tip is to make discipline your primary objective.

Lack of discipline or disorganized working can make you lose out on trading opportunities and deplete your profits. It’s important to capitalize on each opportunity that comes your way, so you can add on to your profits. As a part-time forex trader to earn a passive income or a consistent secondary income, It is a necessity to understand the psychology of Successful and proficient Financial Traders. Keeping the balance of good money management, utilizing the trading time appropriately and implementing professional forex trading strategies can be a handful hence the reason for you to undertake professional forex trading education is almost compulsory.

Trading Tips Today: Always Practice on a Forex Demo account and gain consistency before moving on to a live trading account.

5. Think outside the box- Is forex trading just another passive income idea After many years of working with financial traders and teaching people how to trade forex, I can tell you that you have to treat this passive income idea like a full-time business. Those individuals that just see forex as a get rich quick scheme are more likely to fail as they treat this only as a means to earn extra cash. Our objective at our online forex trading academy is to create a business and not just a part-time income via our online trading courses.

Investing for beginners or learning to trade forex for beginners has two initial pitfalls.

Chances are you’ll have to initially invest a lot of time to understand the trading strategies and master how to trade forex. Also, you wouldn’t be making much income out of trading while you’re learning how to do it. Secondly, if you already have a main job and are trading part-time to generate additional sources of income, you will still have to deal with two professions simultaneously. The bottom line is even after putting in their best efforts, many individuals still fail as forex traders and quit. If forex trading can’t help you earn enough to sustain yourself or your family, you might seriously consider taking up some other profession to generate additional sources of revenue.

Now that you have got some the top forex tips and strategies to trade in 2020, you must be thinking of your next trade. Would you like to speak to one of our Trading Experts so they can teach you how to implement these forex strategies live on the markets? The reason for trading with one of our experts is they will stop you from overtrading, over leveraging and making simple mistakes that will slow down the progress of your journey in becoming a professional trader.

Our Trading Floor has the latest trading tips for the day, and if you study with us with determination and passion, you can take home over 5000+ Pips in a year.

Our Professional Trader trade the markets every day and take advantage of the short term fluctuations in currencies, indices, commodities and bonds fill out the consultation form today and let us get you started in making some serious profits from the markets in 2020!

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